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MM. AM
MUD*
7
MONDAY
1945
d.
an
Reg. U. S. Pat. Office
Volume
161
New
Number 4383
General
RAILROAD
York, N. Y., Monday, May 7, 1945
Copy
a
Corporation and Investment News
PUBLIC UTILITY
-
Price 60 Cents
INDUSTRIAL
-
INSURANCE
■
MISCELLANEOUS
-
*
Abbott Laboratories—Official Promoted—
A.
Thornburg, Comptroller
elected Assistant
since
and
1932
Treasurer.—V.
160,
equipment
director since
2393,
a
p.
Acacia Mutual Life Ins. Co. (Washington, D.
Director—
1937,
C.)—New
of
functions.
„C.
has been
In
portant
Adams
Based
Express
applicable
company
equivalent
standing
net
to
of
the
in
as
its
to
395%
to
both
the
Army
and
Navy of
Assets—Cash
banks),
which
have
produced
such
equipment
for the Army and Navy in a com¬
company's production.
V Credit—Fidelity Union Trust Co., J. P. Morgan & Co.
and Brown, Brothers Harriman & Co., by a Regulation
volume
far
Regulation
Incorporated
exceeding
$100,48;
fund
of
March
of
31,
securities
outstanding
$18,259; land, buildings on leaseholds, machinery and
at cost (after reserves for amortization and depreciation
$594,139), $308,100; war plant facilities under certificates of ne¬
cessity (after reserve for amortization of $212,928), $230,043; post-war
refund of excess profits tax
(estimated), $299,327; prepaid expenses,
$32,387; patents, at nominal amount, $1; total, $9,357,044.
...
$37,573,179,
were
hands of
This
Issue
Dec.
31,
share,
on
share
per
the
on
number
same
Comparative Consolidated Income Account,
of
Total
_______
$275,301
$227,247
43,786
99,307
—
99,307
expenses
;
,
Provision
lor
Provision
for
Federal
^
income
tax
Exchange
(Stocks)
Exchange
(Bonds)
2016
2020
.
8,234
Curb Exchange
Baltimore
Stocks
6,000
Chicago
Cincinnati
income
(before
transactions in
profit
and
loss
from
$116,375
securities)
Investments
Cash
(at
31,'45 Dec. 31/44
.W*-.—$29,951,147 $31,247,860
cost)
——
interest
Accrued
—
secur.
receivable
Accounts
58,340
delivered—
18,000
1,819
__
(other).
Stock
$33,441,960 $33,052,874
______
Montreal
Accrued
int.,
Accrued
taxes
Reserves
and
interest.
expenses
contingencies
52,916
121,999
124,024
(non-callable)
stock
9,500,500
4,524,045
2030
of
war
Curb Exchange
2015
Earned
surplus—
*
-
.__
Bond
time
_2015
Averages.—
-V.
—
—
—
$33,441,960 $33,052,874
_
Redemption
Air Reduction Co., Inc.
Gross
sales, less discounts,
Net
for
depreciation
operating
Other income
and
19,156,470
to
$4,551,882
198,118
82,805
Federal
$3,827,890
______
$4,634,687
175,219
Federal
income-
Member
Banks
income
;
stock
Common
Earnings
per
outstanding—
share
fail
alloys
moment
for
under
in
John
A.
Richard
Hill,
formerly
W. Ryder,
Secretary,
has
W.
A.
Winters Jr.
has
appointed
been
and A.
Bower
Aircraft
stadt &
elected
Vice-President.
;
have
William
following
been
formerly Treasurer, has been elected Secretary and
Treasurer.
Radio
Co.
been
p.
Corp.—Com. Stock Offered—F. Eber-
May 3 offered 85,500 shares of common
stock (par $1) at $11 per share.
The shares represent
part of the holdings of certain present stockholders.
Capitalization—
Common
stock
♦Excludes
The
($1
Authorized
par)
functional
has
no
funded
debt
or
preferred
stock
authorized
or
dated Jan. 4, 1943, extended to the company
a
re¬
at any one time outstanding.
aggregating $2,925,000
not exceeding $6,000,000
1945,
notes
of
the
As at March 31,
company
were
outstanding
dynamic
stress.
because
designs
of
Income
Statement,
Years
Ended
31
Dec.
1944
after
alloys."—V.
prior
Gross
Other
$1,938,919 »$1,527,218
profit
income
Total
$2,055,960
12,203
7,613
12,421
$1,951,122
income
normal
excess
$1,534,831
$2,068,380
and
surtax
profits
86,475
84,472
1,143,174
114,317
Net
Prov.
Profit
for
Dividends
$534,122
99,000
year
paid
•Includes
$120,000 debt
$421,502
$570,820
99,000
99,000
retirement credit.
unfeasible
1944
1943
$91,453
$71,830
262,800
262,800
$0.35
$0.27
Chemical Co. (Del.)
(& Subs.)
Mar. 29, '45
operations——
Mar. 30, '44
Apr. 1, '43
$3,773,166
582,130
59,831
$3,845,649
555,937
57,183
$3,325,804
632,613
41,214
of
to
—
—
mines
.
—
$3,131,205
506,544
35,937
$3,232,530
455,649
44,229
$2,651,976
444,649
41,805
33,694
res.—
33,900
34,766
$2,555,030
11,560,000
$2,698,751
11,645,000
$2,130,756
♦850,000
$995,030
ins.
profit
for
Fed.
tax
partially
est
♦No
common
share——_
$1,053,751
$1.68
$1,280,756
$2.04
__—
for excess profits taxes,
tlncludes excess
profits taxes of $1,400,000 less post-war credit of $140,000.
flncludes
excess
profits taxes of $1,230,000 less post-war credit of $123,000.
—V. 161, p. 458.
.
provision
necessary
American Bemberg
Corp.—Partial Redemption—
called for redemption on July 1, 1945, 700
shares of its outstanding 7%
preferred stock (par $100) at $110 per
share plus accrued dividends.
Payment will be made at the Bank of
the Manhattan Co., 40 Wall Street, New York, N. Y.—V. 159, p. 1857.
The
corporation
has
are
not
readily marketable.
INQUIRIES INVITED
INCORPORATED
New
York
NASSAU
Security
STREET,
Dealers
Association
HILL, THOMPSON & CO., INC.
NEW YORK 5
Y.
NY 1-573
due
•
which
45
previously
p.
1762.
BLOCKS of SECURITIES
INDUSTRIALS
Members
Teletype:
161,
developments have signifi¬
enable manufacturers to
Banks, Corporations and Individuals have found
us an effective market place for large or small
RAILS
Company
Bell
will
1945
share—
profit from
profit
Earnings per
*157,010
Kobbe, Gearhart & Company
HAnover 2-2600
of
over¬
metals re¬
$85,426
262,800
$0.33
Net
1,570,098
MUNICIPAL DEPARTMENT
Telephone:
new
84,472
1,478,528
148,000
tax—;
refund
Post-war
Municipal Bonds
NEW YORK 4, N.
to
seems
—_-
.
STREET
performance
aircraft
1942
ELECTRONICS
Established 1922
war¬
indus¬
.
Addition
1943
payments
and provision, less discounts, etc. $19,877,710 $15,579,197 $11,496,747
Cost
of
goods sold
17,392,580
13,650,628
9,122,958
Administrative, gen. & other exp._
546,211
401,351
317,829
SPECIALIST IX
80 BROAD
and
Inc.—Earnings-
Net
profit ——.
Depreciation of plants
renegotiation
FLORIDA & NEW JERSEY
&
These
processes
capital shares
per
dramatic
the
other outstanding
they
and
oper. and admin, exp—____—
Provision for losses, etc
—
•
qAllen
employment
charges and Federal income and excess profits taxes.—V. 160,
Depletion
outstanding.
Business—Company since 1932 has been a recognized factor in the
design, development and manufacture of radio communications appara¬
tus for military and naval aircraft,
and particularly two-way radio
use initially
high-tempera¬
essential
volving credit expiring Oct. 31, 1945, in an aggregate principal amount
Federal
3,000 shares held in the treasury.
company
for
meet
but added, "We.will be in a position
use a number of alloys that hold
at temperatures where other
9 Months Ended—
Federal
*297,000 shs.
to
precision
Gen.
Oustanding
300,000 shs.
t$0.69
company
propulsion
the
the company,
2393.
Gross
Sales
on
$915,644
,$0.70
2034
thereunder.
161, p. 1417.
that
jet
American Agricultural
appointed Assistant Treasurer and the
Assistant Controllers:
J. Bonapart,
S. Payne.—V.
1942
$936,135
high-strength,
company
for post-war
profit
•After
2034
the
by
"New
the
of
some
meaning
limitation
Earnings
of
Sales—
V Credit agreement
Changes in Personnel—
1943
t$800,110
$0.59
post-war industrial
and
industrial
Number of
$0.53
___
by
the way
—Earnings—
Net
1944
1945
t$936,690
$0.74
declared:
Allen Industries,
2,713,337
,
146,466
Quarter Ended Mar. 31—
$1,430,214
$0.52
of
System
266,591
244,691
stockholders
told
new
post-war
the
•Net
3,165,749
2,736,856
on
Auction
38,724
2,229,724
$1,422,947
taxes
2035
2034
Statement
773,647
449,315
222,617
steels developed
He
2033
Banks
1,056,530
420,687
developed
paving
the
strength
perfect
to
of Bank Clearings
Reserve
these
introduce
cant
Declared and Payable.
Condition
alloy
are
for
metals
Fund
Foreign Exchange Rates
2034
Combined Condition Statement of Federal
$3,629,772
income
(less income charges)
for
952,568
Reserve
expense
Provision
Course
1,149,305
211,251
„
share..'■
steels
Detwiler
of
their
2034
Dividends
$24,285,355
18,780,905
998,382
$23,784,624
amortization-
income
Total
Interest
The
it'.'; 1944
1945
•
returns & allow
!
Operating expenses
Provision
J
Sinking
and
1,303,416
496,024
cently perfected by
Notices
(& Subs.)—Earnings
3 Months Ended March 31—
Calls
61,080
1761.
new
needs
shadow
State and City Bond Offerings and Sales___2045
161, p. 761.
112,003
,
progress."
Mr.
one
Miscellaneous Features
General Corporation and Investment News_1989
Total
75,797
,
equipment.
alloy
trial
4,407,670
surplus
and
67,665
.
„
income
com/
several
in
ture
Stock
107,129
refund on account of renegotiation of war business.
Credit has been
taken in these figures for 10% excess profit tax refund.
-*'•> ■ ■
W. F. Detwiler, Chairman, stressed to stockholders the importance
2030
2031
2032
York
1942
$283,959
196,816
•After depreciation and taxes, etc.
tAfter, providing for Federal in¬
tax of $298,600 in 1945 and $294,200 in 1944, and excess profits
tax of $2,315,160 in 1945 and $2,402,730 in 1944, and for estimated
2015
17,479,994
•!
Capital
p.
per
Stock Exchange
1,325,399
17,830,239
Section.
1943
$413,447
come
9,500,500
1,325,399
of
and
reserve
1944
'
profit
EaviYs.
2028
__
Markets
New
bonds
war
145,557
Quarter End. Mar. 31—
Transactions
$162,372
(par $1)
debt
Capital
$12,477
94,541
32,760
incl. unclaimed matured
for
Funded
purchased—not received
secur.
esti-
cost
$402,200
railway
161.
•Net
12028
Exchange
Over-the-Counter
pay. for
at
$446,607
1
..
railway—
oper.
Transactions New York
Liabilities-
Amount
Exchange—
Exchange
Curb
employees'
for
renegotiation
notes,
Allegheny Ludlum Steel Corp. (& Subs.)—Earnings—
,
2028
Exchange
Exchange.—_____—_2029
Stock
ry.
—V.
2027
)
.
from
Net
2027
;
Toronto Stock Exchange—Curb
Montreal
Total
Stock
Stock
reserve
and
176,966
income^—
oper.
from
Net
__2027
Exchange
St. Lofuis Stock Exchange
Toronto
_____-
—
sold—not
Pittsburgh
1,765,880
39,103
3,412,653
-
dividends
and
for
receiv.
Amount
Philadelphia
Mar.
$405,350;
taxes
savings
tax
V —1945
railway— *:
railway—.
From Jan. 1—
2026
Los Angeles Stock Exchange
Comparative Consolidated Balance Sheet
Assets—
Net .ry.
Gross
2026
Exchange__
V
from
from
Net
2025
StoCk Exchange
Stock
Detroit
$71,531
Treasury
$1,817,075), $2,352,981;
March—
Gross
_2025
,
Exchange.
Stock
Cleveland
Net
Exchange
Exchange.
Stock
profits
excess
S.
Akron Canton & Youngstown RR.—Earnings-
2005
York.Stock
6,622
5,328
—
taxes
other
Stock
Boston Stock
interest,
and
U.
$3,800,000; accounts payable,:
and expenses, $165,874; re¬
prices,
Page
York
New York
income
(after
interest
(contra), $18,259; reserve for post-war contingencies, $100,000; capital
(no par), $99,000; capital surplus, $14,161; earned surplus, $1,973,621;. total, $9,357,044—V. 161, p. 1533.
New
1944
46,057
income
General
Federal
banks,
to
taxes,
of contract
stock
New
8 Months Ended March 31
1945
Interest
"•
payable
general
adjustment
contracts
war
Stock and Bond Quotations
shares as of
1944, and $24,202,937 as of March 31, 1944, or $16.53 per
the 1,463,400 shares of common stock then outstanding.
$19.82
accrued
under
accrued
applicable to the common stock were $28,072,679, equivalent
$21.18 per share on the 1,325,399 shares outstanding in the hands
the public on March 31,
1945, which compares with $26,281,810,
to
Liabilities—V-loans
mated
In
assets
equivalent
receivable, $2,802,378;
inventories, $3,253,741; ad¬
purchase contracts, $35,445; employees' war bonds special-
accounts
on
of
fund
principal amount of the funded debt out¬
the public on that date.
On this basis the
1944
(contra),
$427,797;
the
81,
Dec.
.equipment
the
the net assets of the
1945,
Sheet,
(including $98,666 assigned under V-loans payable to
U. S. Treasury notes, 1 '/a%- due Sept. 15, 1948,
$2,276,926;
vances
Co.—Quarterly Report—
market values
on
Balance
types^mployed for command and traffic-control
19'32n.1940, inclusive, the company was an im¬
years
two-way equip¬
ment as well as of one-way radio
receiving equipment. During the course
of the war the company has limited its
production largely to Navy
equipment; it has furnished its designs to two other manufacturers
bined
.Bruce Baird, President of the National Savings & Trust Co., Wash¬
ington, D. C., has been elected a director.—V. 161, p. 1761.
the
the
supplier to
Telephone
Philadelphia Telephone
REctor 2-3600
Enterprise 6015
Bell Teletype
New York 1-576
120 Broadway,
Hew York 5, N. Y.
"
1990
1945, amounted to $14.85 per share of common
American Bank Note Co.—Earnings—
Earnings for Quarter Ended
Con sol.
$734,790
$981,371
78,840
Earnings
Depreciation
63,447
—
.
'
66,355
Total
income.
General.
Balance
$671,343
16,731
$902,531
45,498
$624,708
6,813
$948,029
41,978
$631,521
for other
$875,086
30,892
Provision
$854,954
$688,074
—
income
for
Income...—_—
44,338
30,462
Other deductions——
Net profit—
Net
584,180
432,000
.*$318,411
$168,629
Total
etc
—
—
Dividends from subsidiaries not consolidated—'
——————
———-—
and
purchased—not received
Accrued
int., incl. unclaimed matured interest.
pay. and accrued taxes and exps..
loan—Bankers Trust Co., due June 30,
19,169
for
payable
sec.
_
loan—Bankers Trust
3 7r
4 V* 7c
loan—Adams
1954
due
Co.,
7,000,000
—*—,
.
7,932,032
128,625
278,742
$18,541,008 $18,811,168
Total
269,182
p. 978.
Balance surplus
surplus
$286,488
$190,713
17,445,807
17,486,689
—,
—,———.
———
Mar.
profs,
exc.
Subsidiaries
in
•
1945
1944
:
■
.
-
debits
Net
000 Federal
>.
4,044,000
$3,892,492 >$2,869,994 "
2,710,000
3,721,000
$1,113,854
1,720,000
■
$
8
134,002,001 118,976,977
79,114,212
68,818,700
13,408,486
40,193,349
37,876,518
72,302
253,107
^64,490
$
■
■'
$
\
47,343,780
27,899,935
14,304,234
V
58,933
41,214,785
23,941,377
5,080,678
—
3,792,620
inc.—.
ry. oper.
income and
1944.—V.
in
excess
Net Income
Mar.
Assets—
Cash
deposit and
on
D. 8. Treasury tax notes.
of
Indebtedness
Inventories
Other
subs,
not
„
_
Deferred
excess
Investments
389,515
2,465,746
18,074,331
22,556
L,,,—
tax refund-.—
less):
charges
Post-war
1,312,775
389,515
—..i...—
assets
540,766
1,387,775
(less res.)——
consolidated——.
profits
(at cost or
not consolidated—..——
buildings & equipment
Patents
(less amortization)
rTotal
*—1.—!—
$52,350,832 $51,099,655
Liabilities—
"
payable
Accrued
accounts
—
proiits taxes compared with $31,640,000
$3,065,039
2,220,844
—«...3,928,689
profits taxes
4,033,715
1,032,810
750,000
225,000
9,800,000
12,886,225
7,074,313
10,371,494
net
past serv. of pension plan~
Additional costs arising out of war—li...——
Other contingencies
:
—I
SY*% cumulative pfd. stock ($100 pari—
Common stock
(796.406 Shares, no par)..
1,032,810
750,000
333,748
-
......
surplus
surplus
Capital
Earned
...
————
.
,
——
.....—
161,
....
Months
3
Cost
! Operating
Provision
for
'
and
Wardell, Vice-President and Comptroller, has been elected
161, p. 1193.
Earns,
per
1943
1942
$747,731
$725,122
$695,369
432,825
432,825
432,825
432,825
outstand'g
share.
com.
$1.60
$1.73
•After
providing for depreciation
profits taxes; also in 1945 and 1944
and
an
$1.61
$1.68
estimated
income
and
161, p.
loss
♦After taxes and
$30,965
charges.—-V. 160,
$124,998
Cost
$3,145,388
138,550
———
Total
———;
_
income
Other deductions
(incl.
Reserves—taxes
-J??eLpr0fit
♦Profit
per
♦After
on
37,630
6 859
tBased
interest
U
S.
342,250 shares
273,800 shares outstanding.—V. 161, p. 305. ~
Gauge
3 Mos. End. Mar. 31—
Profit before charges.^
Other
income
Co., Ltd.
Co.
earnings
outstanding.
$Based
1945
Total
income
tatXC.8
1944
1943
1942
$1,421,713
1,077,089
$1,436,695
161,801
$1,579,042
$2,499,701
642,460
699,061
650,352
644,008
262,394
307,534
547,032
Minority interest
Prov.
for
2,730
2,119
3,013
2 640
—
conting.
res-
39,000
89,404
'
93,798
r".
519,782
451,876
1,565,038
1,472,072
$1,300,213
inc.
oper.
161, p.
$1,886,334
$3,081,229
$4,673,847
1763.
Refining Co.
P-
1945
$2,707,000
common
shares—
and
1943
$1,334,000
2,663,999
2,663,999
: $1.51
$0.45
—
share
per
taxes
1944
$4,159,000
2,663.9^9
—
of
*4fter
Subs.)—Earnings—
(&
:
profit
Earnings
—$10,890,406 $11,002,772
-
charges,
1537.
..
$0.96
-
.
interest.—V.
minority
before
but
161,
•.
Barium Steel Corp.
$1,600,000
252,514
: $1,379,196
228,834
—
etc.—
income
•Before
854,401
758,734
—2,416,066
2,077,920
$256,563
for
Federal
and
taxes
income
1944
$64,079
renegotiation
of
2179.
160, p.
536,985
758,734
contracts.—V.
1,020,000
175,000
3,778,615
'1945
1
—
provision
203,005
1,020,000
250,000
3,778,615
.
—
——
—
no
•Net
600,000
204,560
—
—
commissions,
(221,062,shares,
par).—j."
-
—
Barker Bros. Corp.
Earnings—
(& Subs.)
1944
1943
1
1942
1945
$3,805,196
$3,415,198
450,967
267,853
234,000
133,300
106,000
81,000
$134,553
$95,856
178,055
178,055
$93,570
178,055
$0.57
$0.34
$0.29
Operating profit after int. & Federal taxes.:—
$1,874,657
Quarter End. Mar. 31—
Net,
profit
Operating
Federal
$10,890,406 $11,002,772
•After $1,002,040
P* 2538.
U. S. Treasury tax notes March
:
—
income
taxes-
$3,245,186
201,856
$3,355,176
174,570
Net
Earns,
—V.
output of the electric properties of this company
April
—V.
122,978
443,025
$447,351
$856,277
$0.62
$0.38
$1.04
share
.
1731.
p.
Deductions
161.
1874.
p.
$1,778,406
revenues——
727,602
574,526 ~
expenses.—
taxes—
92,549
in
lieu
of
12 Mos.- -1944
1945
$1,262,826 $16,926, 920 $13 ,736,040
6 ,674,527
604,616
8,202' 177
638.747
200,252 "1,262 445
875,993
81,944
1,060 081
Common
1945
per
reserves
904,9,06
_v—-
5^.021,233
$946,714
—1.—
2,223,579
2,223,579
$0.46
$0.43
outstanding—
share
—-rr—..
provision
is
subject
to
1,458,000
105,000
973,564
15,750
28,750
163,000
$276,318
$242,264
$3,521,331
believed
be required for Federal excess
Act.
Company has np war con¬
161, p. 1091.
"
to
renegotiation.—V.
$3,975,023
876
1,612
164,826
182,388
:
$277,194
$243,876
$3,686,157
charges.—,—^
76,774
144,251
-1,289,170
$4,157,411
3,028,253
of
(net)—
income.,—.
•;
1944
-
Total-
1943
other
Gross
Total
——
income
843,174
$135,376)
15,053
—:
i
12,529
$134,414
income.
income
$978,550
850,380
operating revenues
J
operating expenses and taxes......
Total
113,750
$969,741
$119,361
Total
—
Operating income
Other income
Calendar Years—
plant
1;———:—
1944
$1,851,620
for
during period—853,424
profits taxes under existing Revenue
tracts
and
—
—
shares
Note—No
off
to
Battle Creek Gas Co.—Income Statement—
91,661
lease
for
Gross
additions
1,739,322
appropriation
,
for
profit
Earnings
Pi-op. retirement reserve
Rent
Co.—Earnings—
inc.
i—
_i.t—
Net
1945—Month—1944
Period End. February—
Operating
Operating
Oil
costs written
lease
$563,743
$0.28
178,200
outstdg.__
com.
3 Months Ended Mar. 31—
Arkansas Power & Light Co.—Earnings-
Interest
101,141
160,
$216,967
—
shs.
per
Barnsdall
for the week
totaled 89,097,000 kwh., an increase of 5.82%
kwh. for the corresponding week of, 1944.
" :
"
:
^ "
1945,
28,
the output of 84,208,000
over
$1,598,496
$468,526
profit
Common
31, 1945—V. 161,
-V:!';'V
:■
American Water Works & Electric Co., Inc.—Output—
Power
388,106
"7
prof. tax-
surplus
taxes
$1,477,251
SSL? I6"',Ct<C&
foreign in-
54,683
178,000
—
cdntingencies
stock
(net)
Peaeral
3,750,000
—
Number
2,757,256
71,666
taxes..—...
for
Charges
$1,328,600
250,442
$6,838,210 $15,096,267 $19,145,919
4,500,000
10,450,000
13,000,000
$5,569,995
—
.
1945—3-Mos.—1944
$14,433,459 $14,706,009 $40,878,422 $41,526,100
- 8.869,464
7,867,799
25,782,155
22,380,181
Quarter Ended Mar. 31—
1,813,525
2,626,942
Total
Federal
(& Subs.)—Earnings—
$1,245,577
231,674
revs
Atlantic
43,132
1
-
Other taxes
American Metal
-V.
3,854,014
insurance———
contracts
war
Earned
*$0.50
in
on
65,763
Quarter Ended Mar. 31—
surplus
$137,357
—t$0.26
minority
$579.
222,088
124,477
1945—Month—1944
expenses
Net
401,000
$90,064
—
share
to
$545,216
154,103
t
deducting
amounting
minority interest)
—,—„
756,563
581,188
92,839
Line RR.—Earnings—
revenues.-..
•Net
-
payable
•Accrued
ending
—
41,536
deprec.)——
r___—
on
12,491
$281,798
—
exc.
payable—
payrolls,
$532,724
g>863
.
p.
Net oper.
on
125,171
$272,934
—
—4——_
—-
Federal
Total
$4,762,417
3,965,972
Of
Operating profit
1,266,194
523,232
92,113
1944
sales————
—2,487,076
Selling and advertising expenses
266,701
General and administrative expenses—
118,677
Other income
1,359,097
431,312
.—
Equip, and jt. facil. rent.
2,038,676
cost
—
Cash surrender value—life
Capital
1945
—
;
—
refund of
Post-war
Common
(Including Profit of United States Gage Co. Since. April- 1, 1944 only)
.—
'
—
preparatory
and
contracts
Accrued
American Machine & Metals,
Inc.—Earnings—
sales
;
—
preliminary
Notes payable———;
3 Months Ended March 31—
101.
income
1537.
Taxes
'
1,665,643
Reserve
Net
1,375,962
railway
railway...—_
oper.
Operating
Liabilities—
1944
$3,099
102,177
24,855
45,082
excess
2394.
p.
v
1,197,213
receivable—less
Advance
1945
$287,747
215,737
3,903,294
Accounts
*
•
:
.—
from
Atlantic Coast
profits
reserve..——.
accts.
bldgs., mach. ^quip. (less
Prepaid and deferred expenses
1306.
American Ice Co.—EarningsQuarter Ended March 31—
1942
$462,701
193,799
32,038
income...
Period End. Mar. 31—
31
arising under terminated war contracts
Notes
♦Net
'
$461,374
153,487
31,536
1944
Land,
addition of $45,790 and $75,000,
respectively, to provision for general reserves.—V.
1943
1944
$471,700
railway—__
operating
$686,114
'
—,;v.;
receivables———
war
1944
$694,426
—
—V.
$72,191
$123,562
March
RR.—Earnings—
1945
*
railway—
from
ry.
5,342
1945
Tooling,
1945
20,862
from
Net
25,000
1944 for excess
—
Other
247,020
•
1537.
161. P.
ry.'oper.
148,000
$136,280
Assets—
Claims
670,846
85,641
:
income—
19,628
5,630
Sheet,
Balance
397,984
208,841
railway..
oper.
Net
$270,162
•.
Inventories
shares
20,204
;•
Consolidated
Comparative
Cash1
American Chicle Co. (& Subs.)—Earnings—
♦Profit
$249,959
25,000
$94,000 in
631.070
1,191,119
202,295
From Jan. 1—
440,000
..._
1945
in
■■
1,894,125
Net
19,281
—
.
1,885,261
from
73,071
$608,365
14,173
,
$385,000
13,792
2,290.845
railway
Net
$589,084
income—j
90,199
Atlanta & West Point
$323,030
.
•Including
24,737
from
Gross
67,914
income
—-—
Interest on notes payable——.———_.
Sundry charges———————-—.—.•Estimated provision for Federal income taxes.
Provision for contingencies.——.—;
—
Net
45,123
March—
$656,998
profit——
Total
Customer
Com.
258,115
income
,
78,384
income...
oper.
from
Gross
operating
$424,914
291,810
1944
2,362,941
243,753
$52,350,832 $51,099,655
director."--V.
3 Mos. End. Mar. 31—
Net
$2,929,724
2,810,573
profit before depreciation..—_
depreciation.,——— ■;*,
Other
■
American Can Co.—New Director—
.William J.
1945
$3,725,685
31—
—......——-
administrative expenses
Selling and
.
a
March
Ended
sales
of
'
1873.
p.
Gross
—V.
Gross sales, less returns and allowances—.—i
1942
$698,505
139,656
railway.—_
From Jan. 1—
Co.—Earnings—
American Seating
tax.
Total
—V.
9,800,000
12,886,225
——————7.074,313
10,657,982
ry.
1943
$662,312
railway.^—_
from
Net
1,861,060
—.——
and excess
income
Reserves—Est;
Net
Earnings—
1944
1945
$790,039
199,273
from
Net -ry.
J Net
"
-
$3,666,221
——
—
.
the
125,387
17,786,312
18,048
(net)..—.
——————
Accounts
U. S.
11,020,265
2,334,825
.i———..t.
Land,
18,301
.
.
Subsidiaries
Other companies
4,523,249
7,541,330
March—
$1,149,944
$1,182,492
first quarter of 1945 dividends received
from
foreign subsidiaries amounted to $83,166.
No part of these dividends
is
included
in the
foregoing statement but the amount thereof is
held in a reserve until operating results of such subsidiaries for the
full year shall have been determined.—V. 161, p. 1874;':.;7■
•:
Note—During
$5,065,433
488,781
————.
receivable
Notes & accounts
31, '45
$6,001,814
4,536,049
9,083,231
37,417
10,152,031
135,035
hand...
on
•
Gross
'.44
Dec. 31,
—
12,117,269
?
Sheet
Balance
14,441,333
;
161, p. 1419.,
Atlanta Birmingham & Coast RR.Comparative
«
1945—3 Mos.—1944
1945—Month—1944
•Railway tax accruals for month of March, 1945, include. $12,110,000
Federal income and excess profits taxes compared with $11,323,000 in
1944 and for the three months ended March 21, 1945, include $33,682,-
,
1942
1943 '
'i;
1
Other
States)
-
$4,834,854
$1,223,542
amounted
1874.
and
profits taxes-.
excess
Associated
Railway oper.
revs. —,4Railway oper. exps..__
•Railway tax accruals..
,
United
the
$5,267,542
taxesinc.
Fed.
for
Prov.
$0.60
$0.71
Its
Quar. End. Mar. 31—
inc.
bef. Fed.
inc.
Si?,732,295 $17,677,401'
31—
Earnings per common sharesurplus
'
(And
Output—
the
Gas & Electric group for the week
to 134,924,332 kwh., an increase of
over the corresponding week in 1944.—V. 161,
the
1945,
Panhandle & Santa Fe Ry.)
Net
&
Total
62,829
Associated Gas & Electric Corp. report that
the
Period End. Mar. 31—
American Radiator & Standard Sanitary Corp.—Earns.
'
Previous
$162,995
(Includes Gulf, Colorado & Santa Fe Ry. and
1,000,000
2,531,186
7,606,226
1,000,000
—
surplus————i—
$588,520
128,625
.——————i
dividends
Common
$176,040
Atchison, Topeka & Santa Fe Ry.^—System Earnings—
2,531,186
1,000,000
$693,856
dividends
Preferred
$45,849
78,536
of
27,
1,900,000
665,714
1,060,000
output
April
30,
,
stock—
$2,254,234
—
;
— ——
—
$40f878
—
6,884,168 kwh., or 5.4%
15,235
p.
surplus...——....i.—.—
—V. 161,
Net income
185,420
5,750,000
1954
i,
June
ended
$8,521
—,
due Jan.
Co.,
Express
————
Common
23,545
774,081
and excess profs, tax.
Provision for est. income
139,145
the
trustees of
electric
53,948
Other accts.
$2,527,936
—:
46,771
Associated Gas & Electric Co.—Weekly
$4,674
Amt.
of
1949
—-—-
—-
——
amortization
$348,415
quarter two $50,000 serial note maturities were paid
1945, and April 1, 194?).
Last April $750,000 such 5-year
serial notes
were
sold, of which $300,000 have already been paid
leaving a balance of $450,000 now outstanding.—V. 161, p. 2066.
The
Earned
Total income
$315,185
paid—
During
(April 1,
$18,541,008 $18,811,168
-
————
Capital
Depreciation
$92,620
34,161
Dividends
Dec. 31,"44
—,
——
1952
1945
depreciation,
before
21,392
$75,038
$18,305
Liabilities—
$22,200,000 $18,200,000
2,527,936
2,230.689
sales
$94,348
(at book values)———^ $17,052,218
——
Co.—Earnings-
Quarter Ended Mar. 31—
17,915
..
from
$17,809,006
Cash
1,450,523
961,415
Accrued interest and dividends————.^
37,301
39,662
Accounts receivable
(other)——...—966
1,086
3"/4%
Income
loss
1,———.———
Mar. 31,'45
Investments
*$266,670
change.
The above figures do not include the results of operations
the British subsidiary for the month of March.—V, 161, p. 1533.
Net
$327,023
3,763
income....
Gross
Balance
dividends—"
dividends——
American Brake Shoe
$297,271
,
$71,276
~3~848
Assets—
560,625
$194,612
-
6,052
Comparative Balance Sheet
3,453
463,000
and
profit
(before
income
transactions in securities)
67,435
67,435
.-ioq'oqq
129,988
129,988
129,988
129,988
•The
results of operations of
the foreign subsidiaries have been
included in the consolidated statements at the official rates of ex¬
Preferred
Common
2,111,253
$87,202
5,418
t
Deductions
3,460
subs.
Prov.
for
income
and
excess profits taxesdiv.—foreign
Pfd.
$2,438,276
2,171,428
—
oper. rev
Other income..——
2,000
tax—
taxes.,*
1945—12 Mos.—1944
$2,468,699
$643,335
*—
Net
20,132
,
Total
—
—.
income
Federal
taxes
109,148
61,374
Interest
Provision
Miscellaneous
30,150
—
rev
$636,990
549,788
oper.
Operating expenses and
$171,457
40,157
$193,924
———-———
expenses
31.
♦*
Inc.—Earnings—•
1945—3 Mos.—1944
Period End. Mar. 31—
Total
1944
1945
Consol.
$935,252
80,298
Company
$691,063
Arizona Edison Co.,
stock, compared with
March 31, 1944.
Three Months Ended March
Income Account,
Comparative
-1944-
-1945
Company
share at Dec. 31, 1944, and $12,14 at
$13,98 per
March 31
1
■
Monday, May 7, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
$147,905
33,789
deductions—„
33,905+
$100,625
$113,99X3
Mi3c. reservations of net
Net
profit
Earnings
per
common
Note—No
excess
—
share
$0.30
provision
profits
has been
tax.—V.
161,
made
mutations
assets
or
on
of
to
312%
for
by
31,
1945, based
directors,
on
Net
income
amounted
Net
ta $21-
Net
the
31!
sales
—-
$1,129,158
$2,069,987
$99,625
surplus
$187,420
applic. to pfd. stocks—_
T
—_
Balance
944,041
608,609
$7,300; deferred debits, $77,793;
Corp.—Earnings—
profit after all chgs. &
Outstanding com. shs,
Earnings per share
—V. 161, p. 2395.
Liabilities—Common stock
Mar. 24,*45 Mar. 25, *"4'4 Mar. 27,'43
...
(no
taxes,
par)___
$1,707,477
30,559
' 297,566
$0.10
Sheet, Dec. 31, 194+
plant, cost, $3,346,086: investments, $233,191; ad¬
vances
and loans to
employees and Others, $1,795; current assets,
$666,358;
estimated post-war refund of Federal excess profits tax,
Assets—Utility
1419.
12 Weeks Ended—
market
$7,000,000 loaned by Bankers
Trust Coj and outstanding on March
31, 1945.
After deducting the
principal tamount of these loans the balance of net assets on
March
Balance,
—V. 161, p.
Artloom
Corp,—Quarterly Report—
assigned
of
,
Dividends
believed to be reauired
required lor
corporation at March
valuations
_48,111/ equivalent
is
1306.
p.
American International
The net
or
327,000
13,000
—-—
*000,
1
on
stock
income
$1,439,584
2,744
200,000
Nil
.
$2,568,647
-.73,389
200,000
$0.33
/
term
total, $4,332,523.
(134,430 shares, no par), $1,616,256; long-
premium on debt in
amortization over life of applicable outstanding issue, $3,175;
depreciation. $1,327,186; reserve for Injuries and damages
reserve, $38,452; contributions in aid of construction, $6,079; earned
surplus, $155,136; total, $4,332,523.—V. 160, P. 115.
debt,
process of
reserve
for
$826,000;
current liabilities, $360,240;
Volume
161
Number 4383
THE COMMERCIAL & FINANCIAL
CHRONICLE
Bayuk Cigars, Inc. (& Subs.)—Earnings—
.
'
3 Mos. End. Mar. 31—
•Profit
____'
Discount/
1945
'
divs.
incomes
miscell.
1944
*$700,081
z—
rental,
'
-
*
26,774
-
same
1942
$457,193
'21,314
$657,184
$725,228
4,105
11,572
11,664
Prov.
for
365,283
192,452
profit
]
;
____
337,562
$337,373
-
pOr
sh.
147.400
amortization.
•
■
Note—The
•,
equity
trolled company
months
.
$0.89
statement of
<
sales,1 including fees
Cost: of
sales
of
March
in
consolidated
•
.
and
is
income.—V.
161,
and
i
March—
in
$0.71
the
1194.
from
Net
ry,
railway—
before
other
paid
i
for
Federal
—V.
161,
1942
$611,206
808,727
418,795
189,940
252,570
241,738
3,000,749
3,680.758
2,451,095
1,638,527
Dividends
2,280.761
1,158,184
540,475
297,468
637,125
Earned
•Net
•After
shares
and
charges
$670,152
$1.46
$1.53
estimated
Federal
taxes.
income
^
(par $20).
estimated
taxes
.normal
profits
in
$639,062
$1.25
1943
of
taxes
and
the
for
and
$920,000
$1,011,000
in
ofin
months
ended
retired
1945;
$1,395,000 .in
161, p. 763.
1942.—V.
Bendix Home Appliances,
-1-'. '
:
Calendar Years—
Net 'sales'..
-
.'
<
Other
profit
-
post-war
Prov,
for
refunds and
contract
war
69,000
3,788,215
489,000
Federal
for
profits
excess
tax
Net
profit
Dividends paid oh Class A stock—
.
in
•
After
deducting
$54,000
in
$1.63
debt
for
Quarter
Assets—
Cash
'
banks
in
Accounts
and
Property,
Patents
i
-if.f
in
retirement
S.
and
and
Ended
March
$0.31-
which
$0.21
profits
,
Accrued
of
the
Sheet,
Dec.
determined
fProv.
largely
Res.
'
31,
for
contract
war
bonds and taxes....
refunds
and
,
1944
Total
1943
(net)—,.__'T6,916,404
fees
cost
plus
29,842,063
12,697,528
7,963,577
1
•
The
shares
-company's
-4no
York
New
€00,000
Stock
of
issued
par)
and
■
basis of
the
on
two
excess
moneyv mortgage:__._.
for allowances
furnaces
and
i
-V.
Pfov. for Fed. inc. &
.
$3,907,949
550™000
net
Total
•On
1
Other
184,277
123,000
the
to
mechanical
are
in
always
to 40 cents
a
quarter
March
the
1944.—V.
Class
—V.
2,186,382
1
always
alphabetical
alphabetical
near
shs.
f
stock
for each
B
shs.,
"
$1,385,191
$1-87
$0.92
With
-
cents
share in.the
a
the
earned
i
or
depreciation,
.
Profit
489,612
13,082
207,336
148,065
142,204
,
.
in
in
share
1943
94,583
94,583
94,583
$1.15
$1.00
$1.27
$1.34
200,000
200,000
200,000
200,000
$.69
$0.69
$0.75
$0.79
ended
p.
Report—
1964.
$0.69
after
^
.
in its history, Borg-Warner
1944, compared with $7,841,359
provision
fOn the 262,757 shares of common stock.—V.
160,
profits
p.
taxes,
etc.
the
preceding year and
average of prewar years.
record
needs deemed essential by
war
and
only
15.2%
for
Company
last
year
transacted
war orders on March
1, 1945 was approxiwith war shipments since (be beginning of the
in 1840 approximating $626,886,000.
program
Consolidated
sundTy
2397.
volume
of
business
in
the
After
annual
statement to stockholders.
reserving
$3,000,000
for
.
^
.
renegotiation
Income
Account
Total
profit
and
for
Calendar
1943
*
$1,300,000
for
—/
—
its
for
minion
Fed.
inc.
and
&
$45,517,390 $42,953,261
3,265,702.
post-war
'equivalent to
adjustments,
$1.63 a
share
net
on
income
the
for
Renegotiation
that
against reserve
the
earnings
as
year
wms
1,334,458 shares of
outstanding and compares with $1,936,798,
'.net result
the
3,070,175
for
tax
war
reported
for
credits,
or
$1.45
a
share,
in
and
a
post-war.adjustments,
year
ago.
The
leaving
company
war
2,887,991
,
2,286,166
unchanged
pointed
out
that
business It "has followed
48,594
63,823
$513,354
$687,323
-27,602
21,319
$540,956
34.476,328
.31,014,536
19,754,315
2,805,905
3,687,461
2,500,000
2,000,000
$4,969,455
$5,181,089
$5,664,792
$7,475,049
for
cess
refund
profits
,
of
$708,642
provision
3,025,171
2,660,270
1,550,807
$7,841,359
$7,215,599
3,738,772
dividends
3,738,762
4.673.438
Earnings-per com. Share
deduction
for
of
income-
on
320,300
464,300
$220,656
renegotiation of war
and amortization.
Balance
Assets—Cash
$244,342
in
banks
contracts
Sheet, March 31,
and
but
before
factory,
$3.42
$3.35
administration 'and
depreciation and
pro¬
1945
1
hand, $4,4 1 5,649; accounts receivable,
customers', $1,072,019; inventories, $1,166,047; cash surrender value
of life
insurance, $17,059; investments, $425,077; property accounts
(net), $1,565,444; patents at nominal amount, $1; deferred charges,
$95,421; total, $8,756,716.
"■
on
■
Liabilities—Accounts
>
$120,298;
employees'
income
at
cost,
capital
and
payable,
bond
war
accrued
trade,
taxes,
renegotiation
161,
p.
$310,421;
purchases
of
and
$83,317;
reserve
accrued
payrolls,
withholding tax, $105,-
for
reserve
contracts
war
of $1,305,000), $2,392,685;
stock ($5 par), $1,500,000;
$8,756,716.—V.
(after
for
earned
Federal
U.
S.
taxes
tax
notes,
$50,000;
$4,194,918; total,
contingencies,
surplus,
307.
1
^
y
''
'■
w
!,
,
'
'
■'
*
Brazilian Traction, Light & Pow«r Co., Ltd.—Earns.—
Period End. Mar. 31—
Gross
earns,
Operating
•Net
from
United States Currency)
1945—Month—1944
1945—3 Mos.—1944
$5,084,258
2,619,601
$4,719,009 $14,890,017 $13,714,082
2,294,460
7,576,283
6,691,074
S2;464,657
oper.
expenses—
earnings_
•Before
—
$2,424,549
depreciation and amortization.—V.
$7,313,734
$7,023,008
161, p. 1538,
Brewing Corp. of America—Earnings—
6 Months Ended Mar. 31—
Net
income
1945
'
-
-_i
1,056,500]
$404,982
Shares
outstanding
—___
Earnings per share_———_—_______
_____
$423,250
145,000
—
145,000
$2.79
$2.92
I
Bridgeport Brass Co.—Earnings—
Quarter Ended Mar. 31—
after
Federal
$3.00
*
charges
income &
:
1945
for future
1944
$2,416,114
profits taxes
(net)
—
$2,229,192
1,898,830
—
excess
1,755,000
contingencies.—
153,000
t
$7,475,049
•Net
$3-03
selling expense, but
sundry charges.
11944
1
$1,461,482)
______
Federal income ,& egcess profits taxes—______
Net
$7,994,626
profit
•After
taxes
period——
15,463,552
ex-
tax—
before deduction of
for Federal
prov.
for
Reserve
Net
Common
taxes
•Not available.—V. 161, p. 876.
excess
1943. *
have been completed with the
charge of $503,435 has been made
,in providing for renegotiation of the 1944
$30,807,098 $27,224,767
conting—
Post-war
stock
1943
a
400,51.9
Net" income—
war
$2,169,417,
common
23,177
-
■
630,067
Do¬
profits taxes
Approp.
>
proceedings
after
■
209.389
'
and
151,415
*
viding for depreciation
1941'4
,
and
1944
$974,333
144,918
48,901
Federal
Profit
Years
1942
$30,177,031 $26,824,248
'
391,744
Deprec.' &' slundry "chgs.
„
J history with sales reaching $125,454,861, as compared with the previous
peak of $111,449,224 in 1943, William P. Witherow, President, reports
in
discounts
receiiits
Interest,-
■;
Prov.
the largest
1945
$770,846
the Government.
backlog of unfi'led
'
Report—
Cjo.—Earnings
63,673
for
•Net'operating profit— $45,125,646 $42,743,872
-
Blaw-Knox Co.—Annual
1
Bearing-
(Expressed in
substantially over
three times the
output, 84,8% was for
1944
$0.53
excess
$1,069,240
_.A
079/ miscellaneous
of production
1943,
increased
1942
$0.55
'
befo're
,
1944
the.total
defense
$0.49
and
1,092,245
$860,061
sales
on
$285,065
94,583
largest volume
urgent civilian
■
■
$144,174
income
1,043,091
446,212
12,003
$270,273
$7,994,626 or $3.42 per share in
The
$185,285
Federal
363,257
$551,440
profits-
Estimated
12,623
dollar .volume were nearly
Of
.
•After
337,404
income—___
1942
participating provisions of the shares.—V. 160,
$3.35" per
Sales
458.
$148,427
tEarns. per com. share.
343,831
$2,161,485
and admin, expenses..——
paid______—
$696,627
$214,625
outstd.g—
stockholders,
in
*
;
Roller
Depreciation
taxes, postwar tax
refunds and reserves "for reconversion,
renegotiation and other con¬
tingencies, C. S. Davis, President, stated in the annual report to
$591,055, equal
was
1944
365,111
$1,903,152
gen.
on
$2,511,879
-
140,349
$914,697
$817,381
profit
1943
369,452
Borg-Wai-ner Corp.—Annual
:
.
'
1945
141,563
3 Months Ended. Mar. 31—
$720,478"
$247,840
share...—
.
.■'•Under the
<
$133,002
—
$1,817,654
161, p. 1764.
Other
1944
300,634
outstdg.—
share____*_
'
profit
$1,538,041
Amortization
March 31, 1945, includes foreign
J profits subject to exchange restrictions in the amount of $24,460 in
1945. $18,326 in 1944 and $23,911 in 1943.
Sliss & Laughlin, Inc.—Earnings—
3 Mos. End. Mar. 31^r-
85,172
$774,348
income
Interest
1
!/ mately .$186,137,000,
•Net
787,545
69,338
$1,154,785
Income——
•After
♦
Note—Net profit for quarter
(
*v"
58
1,904,259
984,248
23,635
$1,013,222
inc.—:
oper.
Selling,
not
exact
as
$596,388
11,900
_____
per
®Earns.. 'per
stock
common
$1,796,668
or
A.
Class
of
2,559,326
p.
1,803,323
276,130
26,284
3,788,215
<of : the
2,781,531
161,
768,861
409,579
/
incorae_,w_—
Net
excess
etc
"
31,
560,375
&
*
listing
change
1943
share, compared with $867,875,
1945
$784,027
depletion__
profit
•Earns,
authorized the
profit
1945—3 Mos.—1944
681,250
(& Subs.)—Earnings-
profit
inc.
profits, tax,
$3,944,517
net
/
$7,528,911 $21,304,284 $21,155,836
5,685,937
16,909,334
16,561,206
5,703,826
Rentals, int., etc.—-_
11,120,495
is
tt
reasons
companies
arrange
sales..
on
Deprec.' and
Federal
.Net
1944
1945,
31,
profit
Operating
'
1
March
to
quarter
to
ry.
Total
108,000
1,967,750
11,120,495
$48,928,025 $37,357,908
Quarter End. Mar. 31—
Gross
'
For
for depre¬
reserves
1944,
'
1
—
137,822,293 105,364,729
tAfter
in
838,638
rents
Bower
Bon Ami €o.
160, p. *1076.
$5,293,410
share....
shares.
$7,991,549
expenses—.
fac.
Gross
$1,979,999
$1.20
profit..:
per
1,500,000
$15,933,081
10,873,745
183,480
2,186,382
However, they
position as possible.
'
*Earnings
profits tax.
1945—Month—1944
revenues____-
Taxes
550,000
>
196,992
5,023,513
lor relief under
$4,718,213
,2,921,545
tax
of
Boston & Maine RR.—Earnings^-
Net
258,700
u,r
.
:
order.
37.602
1945
exc. profs,
24,882,076
137,603,914
excess
amortization
Period End. Mar. 31—
Operating
Operating
129,971
-
adjustments.-..
(1,334,458 shares, no par)_____
possible
121,211
for Fed. ta^ based
prov.
28,984,673
$13,940,156 in 1943
$11,670,066 in 1942.
tAfter deducting U. S. Treasury notes of
$16,379,323 in 1944, $28,695,234 in 1943
and
$8,342,190 in 1942.—
V. 161, p. 1875.
'
496,519
161, p. 1875.
$457,611
,
161, p. 1875.
income
on
12,310,204
10,801,330
12,310,204
10,801,330
and
$3,280,924
782,528
repair^l_____
post-war
NOTE—or
48,534
300,000 shares of
shares of new common
9 Mos. End. Mar. 31-r
Profit bef.
v
12,310,204
5,833,672
.
4,846,435
$1,979,999
(The) Best Foods, Inc.—Earnings—
v
9,055,914
33,365,771
—
and
4,233,288
and
surplus
outstanding
share of old common stock.—V.
one
$5)__.
(Dr)__
53,400 j
upon
934,689
31,457,083
con-
surplus.....^
(Dr)__'
inc.
surplus
V*,"'. ■.'-'•X
Exchange recently
stock (par $1)
common
45,806,217
44,057
and
i.—_i_i—
Equipment rents
Capital
'
•
(par
capital
Joint
War.and
_
Inc.—Listing—
934,692
40,483,815
renegot'n
purposes
1,850,445
Earned
.
"
-
934,694
5,485,752
455,091
$7,115,071
bonds.
stock
and
ciation
.
war
4,032,793
8,240,033
377,976
9,510,658
5,594,972
income.
to
Total
1,281,262
;
credits
•Federal and Canadian
*2,578,129
14,795,067
5,388,138
8,620,403
&
taxes
for
Paid-in
_
9,539,224
9,484,006
...
.
Fed.
Earned surplus
12,245,288
under
_
the Internal Revenue Code,—V.
Best & Co.,
*
-
16,215,553
1
•Estimated deferrable portion based upon application
of
700,817
and "expenses..
payable
7,951,515
Capital stock
:
Section 722
2,959,873
635,122
orders...
on
4,151,706
343,669
conting.
__~——_
i
273,345
15,932,728
1,546,852
571,958
payable
deposits
for
Common
r;V-:
——.
.
15,207,526
991,480
"
accounts
11,218,600
Rebuilding
Res. for Fed. inc. and excess profits taxes—574,954]
>
514,999
Res. for service costs, warranties & coop. adv,_
35,998
142,477
•Reserve for Federal excess profits taxes
400,000
Capital stock (par $.33%).—^—__
347.238 ' .5/ 322.233
Capita! surplus
\,
98,744
'
73,744
Earned surplus
445,678
310,117
4
13,969,788
equipment
deferred
charges
goodwill.......!
special
tingencies
'
$8,593,595
.3,459,379
Incentive compensation fund
Reserves—Allowances ——i,
16,300
337,272
166,132
!
and
and
;_■_!
$1,400,000
——
_
war
900,425
1,550,807
263,911
payroll
Deferred
company
9,061,566
and
and
Dividends
present
•
expenses
900.425
3,966,259
230,997
properties!
Liabilities—
Customers
taxes.
■■
$11,808,818
~
59,123
$3,907,949
—
Payroll deductions for
Reserve
plant
•Gross
payable—banks
Accounts payable
other
137,603,914 137,822,293 105,364,723
Accrued
major share of
(net)—
1
Notes
and
exps.
Notes
Liabilities—
j
invest,
and
$276,624
$0.31
excess
will-be
a
Total
v
900,425
Total
billings on account—.Cr3l,274,149Crl5,325,586
long-term receivables.—_—
1,653,641
711,318
and
483,073
I—
31,800,548
21,673,743*
25,792,263
5,856,308
profits taxes,
Reserve for renegotiation of Govt, contracts,!
555,026
4
34,306,163
35,892
(less
.a...
tProperty,
1942
charges...—
74,335
.
*
Total
.
Misc.
par).
A.
Reserve for Fed.
1943
123,800
&c.
2.8,072,795
10,160,984
reserves)
receivable
refund
81
■
and
•/
Accounts payable—trade
Withheld from empl. for taxes and
Accrued liabilities
777,338
profits taxes—
premiums, deferred exps,
plant and equipment (net)..
!
'
accounts
______
6,619,232
27,996,835
and
14,410,484
__
(less
secur.
7,829,817
20,695,179
indebtedness
•Post-war
$1,016,000
$409,764
$415,440
matter
a
receivable
costs
Liabilities—
$228,543
1,179,052
.
refund of excess
insur.
1942
17.554.034
certifi-
Inventories
—$48,928,025 $37,357,908
in
1,192,874
....
of
1943
hand
on
aceounts
assets
Reserve
1944
of
Patents
Govt.- securities—
Fixed
31
j
credit
.>71944
banks
Deferred
10.062
$854,815
(net)
;
post-war
Unexpired
Dec.
hand
on
receivable
Inventories
Est.
Balance Sheet,
$1.45
1944
Consolidated Balance
f
Purchase
Comparative
1943
18,590,296
9,524,148
7,625,832
renegotiation
Treasury notes and
Borg-Warner stock (acquir. at cost)
Advance collections and
;-/■!
,
31
$
Prepaid
Inventories
$74,824
and -$16,300
1944
Dec.
30,743,644
reserves)
,
....
refund
post-war
Sheet,
1942
S.
taces
1943.
Earnings
Reimbursable
'
1943.
Balance
restricted
Marketable
,
$232,061
——
v,
Assets-—
For
$3,788,215
is
146,700
•Prov.
;
Restricted
2,652,092
$5,023,513
20,000
•-!
law.-
Cash—Not
$1,136,123
President-, said tlie continuance
Notes
46,745
51,000
deducting
1944
800,675
operations
U.
$288,269
conting.___
share.—
per
Consolidated
$1,936,798
III
profit ,$738,154
per share../
$0.55*
Cash
$253,655
•
Provision for Federal income tax.wi_'_.J.j»-.—i/
;
tion
6,492,000
$2,169,417
year
and
Assets—
$866,006
______
$0.80
730,000
9,144,000
;
Witherow,
1943
24,945
_—_
_________
$0.95
555,157
provision for post-war refund of excess profits
tlncludes provision for estimated
adjustments under Renegotia¬
taxes,
257,000
Willuam F.
34,614
deductions
$0.92
/.
surplus at end of year.
common share.
Investments
income
Total
Other
2,336,713
$0.78
■
21,281
.
$1,867,012
2,336,722
■
SI,235,298
and $721,333
:
$844,725
income
$2,226,316
2,336,730
361,565
high rate of
$1,-
—
'
264,074
1,300,000
fixe4 fee contracts....*—
Gross
$2,152,119
2,336,735
/
104,502
1
charges, State and Federal income
fOn*. 1,334,458 shares of capital stock
'(no
$8,688,272
$4,810,437
Cost of sales
—————6,382,023.
4,153,464
Advertising, service, general & adm. expenses.
353,856
395,077
Depreciation and amortization.......66,446
49,463
!
503,186
-/.
380,000
by the needs of Naval Ordnance for which
1944
_"
$1,822,653
profit
Earnings
related
fEarnings,
Inc.—Earnings—
■!:<"
.
1
15,814,315
■
1944
•Net
31,
'1944,
1944,
93,237
13,545,602 tl7,198,545 tll,257,923
•Before
705,000
production is currently allotted.i
and
1945
437,524
and
10,145,939
surtax
at-beginning of
.
March.
$270,000. in-1945
8o',776
(par $5)
238,295
14,201,603
-
three
surtaxes
675 328
140,279
'
$1.59
tOn
319,988
-
per
.
/ $696,878
.
742,904
164,445
Net
^
1942
$8,329,721
739.979
______
"Fed. &
1,389,864
and
:
deducting
in
1943
•
—
•After
Federal
620,000
and
stock
common
excess
1944
share.__
per
Note—The
include
Subs.)—Earnings—
$544,780
profit
fEarnings
(&
$16,272,680 $20,233,848 $14,240,342
1—
amortiz.__
9,907,644
934,119
•After
1945
income
and
Notes
_•
212,061
Shares of common stock
year_.__L
1942
$8,117,66®
164,220
charges
Canadian taxes
U.
surplus
Earnings
Beech-Nut Packing Co.
1,111,986
i...
the
279,892
1,561,587
____
profits.
for
893,960
373,181
Earned
1537.
3 Mos. End. Mar. 31—
2,-071,356
—,11-
and
231,189
Deprec.
4,396,438
paid.
Balance
*
1,681,529
excess
Net profit
334,944
147,725
p.
.
....
normal
"Federal
1943
$340,099
652,632
railwayNet from railway
Net ry. oper. income..
5,785,249
u.
expense....
post-war adjustments^..
and
31
3943
Sundry
94,193,691
•.
•___
Provision for income and excess
profits taxes:
income..
from
102,604,655
'
charges..
discount
war
March
1944
$16,041,491 $19,953,956 $14,076 123
income
Total
13,881,615
bonds
on
unamortized
Provision
From Jan. 1—
Gross
Other
1943
125,454,861 111,449,224
'l
Premium
above
railway—-.
oper.
'
Ended
1945
Operating profit
(after
I
from
Profit
Ry.—Earnings-
$1,328,192
$1,094,709
Earnings for Quarter
SI
Dec.
reimbursable
v_i
operations.'
income.:
Other
1991
for
and
:
;
1944
1945
from
Net
amount
' •
1944
*
contracts
,
Pennsylvania
■Gross
costs
administrative expenses
maintenance..—
Interest
included
p.
Beaumont Sour Lake & Western
Ended
147,399
.
earnings of con¬
$102,450 for the three
to
not
■'
and
Depreciation
undistributed
amounted
1945,
Repairs
x——
depreciation
"•
expenses,
...
company
31,
and
Profit
•
(not consolidated)
ended
•..!■'.
147,399
$0.80
After selling, general and administrative
:
•
the
.
Statement, Years
,
-
$0.86
,
determining
3 Mos. End. Mar. 31—•
Income
under
cost "plus fixed
fee
provision for renegotiation)
•«-
$280,340
••
147,399
•
,
..
.
stock___
$348,373
-
393,-:'
on
com.
$315,517
V—
stock—
on, com.
Earns.
060 shs.
.
390,440 ,,*■
7% .lst.pfd. stk.
on
Divs.
:t
taxes
,
Selling
Net
Divs.
income
-•
in
.*
$484,455
Cr358
pay. (net)
used
was
previous year.
VConsolidated
Net
notes
hi .the
as
27,263
X $726,855
on
basis,
.
20,001
■
Total
Int.
.general
renegotiation
1943
$703,914
$637,183
■
.
the
profit
'Number
Earnings
•After
of
'
$517,284
common
per
'$321,192
942.990
942,990
shares:
common
share——
provision for renegotiation.-
$0.52
-V.
161,
p.
1765.
$0.31
1
-
The Commercial and Financial Chronicle
"
William
offices*
(Reg. U. S. Patent Office) William B, Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570.
Herbert D. Seibert, Editor and Publisher;
D. Riggs, Business Manager;
Published twice h week [every Thursday [general neWs and• advertising issue) with a-statistical issue on Monday].
Other
S. La Salle St., Chicago 3, 111. (Teleohone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith,
Oopyright 1945 by William B. Dana Company,
Reentered1-
Dana
135
Seibert,
President; William
as second-class matter
February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions. $26.00 per year;
Canada, $27.50 per year; South and Central America, Spain, Mexico-and Cuba, $29.50 per year; Great Britain, Continental Europei (except Spain),
Asia, Australia and Africa,
NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign
subscriptions and advertisements must be made in New York
funds.
in
Dominion
$31.00
per
of
year.
Ltd.—Annual Report—
the company^ history, reduction of a
tions
equal
ended
Net
$1.10
to
year,
are
31,
Dec.
per share, compared with
reported by the company
for the fiscal year
"
1944.
exclusive of the earnings
and was
1944,
profit for
Canadian
$1.06 a share the
net profits from
and
debt
funded
in
million- dollars
preceding
highest in
the
volume
Sales
supbsidiaries, amounted to $3,050,344
provision for income taxes of
of $2,946,014 was after income taxes
of $250,000 and other charges.
of the united States
after all charges, in¬
$2,128,071. Net profit for 1943
of $2,204,097, inventory reserve
cluding
Cambria & Indiana
Co.—Earnings—
Brooklyn Union Gas
British American Oil Co.
Operating revenues
Total operation
—
Maintenance
—i.—
$7,745,507
4,131,812
depreciation-
535,753
Prov.
lor
436,404
922,459
General
income
571,500
$1,121,734
$4,284,179
taxes—
'
(net)
income
9,222
*:
material
costs
increased
the
effort.
war
Other
Net
share
shares
taxes
2,204,097
2,601,262
Hiq'942
9
•yBiy./sz
Depreciation
195,664
213,362
$571,289
$2,164,322
ry.
on
Net
from
Net
ry.
—V.
reserve
—
"I
2,772,642
Canada
Balance
—
—_—
—
surplus
Previous
forward
Surplus
$14,073,667
—
31
1943
1944
less
Inventory
14,049,712
subs
S.
U.
—
100,265
406,936
42,595,811
—
44,664,219
138,442
.-1——
equipment
autos, etc
and
Trucks,
Goodwill'
—.——
244,112
1
1
~W.--
Total
Liabilities—
Payables
—
—
—
U.
Due
161,
1651.
p.
outstanding
Debentures
20,335,883
13,618,118
13,795,965
,
after
income
Net
iBrunswick-Balke-Collender Co.
1943 '
$15,400,941 $15,867,640
." 4,735,138
4,544,491
——•
profit on sales..—
general and admin, exxpenses
3,669,899 "
...
3,670,834
$1,065,239
$973,656
215,844
....
267,643
—
.Balance
$1,328,742
575,000
550,000
$973,726
$778,742
370,00 0
profit for the year.——
945,000
Special Credits and Charges:
JCredit
in
taxes
accts., etc.
prior years'
for doubtful
reserve
claim
refund
for
Federal
for
Dr750,000
——
$1,343,'726
$1,349,926
133,405
_
133,405
445,755
—
—:
under the Federal statute author¬
contracts, has reviewed the company's 1943
operations and has
determined that no refund is required.
The
management is of the opinion that a review of 1944 operations will
renegotiation
result in
and
Net
"Determined
In
1944,
in March,
of
to
above amount
in
1943
tNo excess profits tax
war
Earnings
Earnings
for
Quarter
Ended March
JResult-
on
sales
Sell.,
profit on sales...
& adm.
gen.
.....
:
953,898
Profit
Other
Buffalo Forge
Reinbursement
on
Profit
war
from
(net)
of costs
incurred
contracts
inc.
&
1943
$3,669,817
1,131,624
833,581
$198,819
.
37,877
Net
share
per
shares
of
.
stock.—V.
common
$396,618
$253,002
profits
132,000
190,395
$67,670
$121,002
$206,223
33,351
33,351
111,514
111,439
111,214
"$77,195
*$23,797
$61,658
...
160,
$0.08
share
common
per
$0.19
$0.39
"Deficit.
Consolidated
Balance
Sheet,
March
31, 1945
Assets—Cash, $862,448; United States Government securities, at cost,
$7,355,147; notes and accounts receivable (after reserves for doubtful
balances,
face
loss
amount
repossessions
on
of trade
and
for
unearned
interest included
in
years* Federal taxes on income (resulting principally from unused excess
profits credit carry-back), $412,566; prepaid expenses and de¬
ferred charges, $201,752; property, plant and equipment (after re¬
for depreciation and amortization of
patents, goodwill, etc., $1; total, $19,270,313.
serves
Liabilities—Accounts
balances,
$46,672;
local
eral
ments
payable,
$133,022;
dividend payable
and
taxes
and
2397.
income
miscellaneous
on
Income,
$396,089;
from
Net
$1,785,748),
from
ry.
Gross
railway
107,094
income
56,534
$172,189
55,438
32,350
from
from
Net
ry.
—V.
161. P.
All
'
258,441
158,003
399,239
78,426
28,162
682,431
243,244
138,793
664,248
239,759
107,313
""
income^..
•
'
1538.
$634,067;
other
reserve
Redemption-—
the
of
5%
mortgage
first
outstanding
sinking
fund
bonds,
dated Jan. 1, 1934, have been called for payment on July 1,
next, at 101 and interest.
Payment will be made at any branch in
Canada of The Royal Bank of Canada, or at the agency of the said
bank in New York, N. Y., or at the principal office of said bank in
London, England, at the holders' option. At last accounts there were
reported to be outstanding with the public $4,721,250 of these bonds.—
V. 147,
:'-v''
p. 2386 ;
241,165
586,161
75,716
702,378
$729,829
profits
excess
$640,341
taxes
131,532
share
$1.12
$1.04
credits—1945, $65,129; 1944, $80,132.—V. 161, p. 764.
common
...
Net
ry.
.
,
from
from
ry.
$165,700
.*33,757
33,439
44,825
*09,029
$95,039
*85,629
*45,829
yy,
.
$299,200
■
477,300
443,100
*104,222
*279,664
*91,910
144,233
*240,547
"109,477
*334,916
income
161,
475,800
*174,758
railway
"Deficit.—V.
1942
s
$145,000
*41,483
railway
oper.
1943
$179,800
income...
oper.
1944
1945
,
railway
railway
from
p.
1420.
"
y
.
790,700
,
Canadian Pacific Lines in Maine—Earnings—
1944
1943
$646,601
$486,743
railway...___
243,756
128,791
$659,102
312,842
256,519
from
Net
from
ry,
income
oper.
from
ry.
—V.
208,990
163,853
676,783
1,808,778
823,710
1,345.432
566,947
income...
350,897
461,652
417,487
1,828,474
1538.
Canadian Pacific Lines in
1943
$107,514
$102,765
"70,838
*60,371
*98,454
*46,913
*81,632
*127,784
income—_
oper.
Net
r.''.
ry.
railway.—
oper. income—
$107,504
*20,813
"52,499
-
■
..
314,175
railway
from
Net
614,368
483,620
1942
1944
$122,954
railway
railway
from
1,375,807
Vermont—Earnings—
1945
from
ry.
>;
yyy,:....
.
March—
from
167,374
130,014
:'y '"y
railway
oper.
161, p.
Gross
$461,710
•:
railway—
from
Net
;
1942
1945
railway—.
March—
Gross
*242,783
*386,748
.
*
•
311,931
325,331
*117,593
*66,188
*221,243
*160,532
/
.v^yy-yyy
326,736
*179,694
*300,753
"Deficit.—v. 161, p. 1538.
Canadian Pacific
Ry.—Earnings—
1945—Month—1944
Period End. Mar. 31—
1945—3 Mos.—1944
earnings...v— $26,382,817 $27,119,666 $73,632,220 $74,847,993
Gross
Net
23,778,920
23,230,758
67,615,731
65,080,960
$2,603,897
—V.
—
J
earnings
$3,888,868
$6,016,489
$9,767,033
161, p. 1875.
^yy,y
y'
'vyyyV.y,'y yy
Carolina Power & Light Co.—Earnings—
Period End. February—
Operating
revenues—
Operating
expenses
Federal
taxes
Other
:y
expenses
taxes
1945—Month—1944
1945—12 Mos.—1944
$1,522,584
$1,471,379 $18,166,768 $17,971,285
552,081
514,171
6,924,507
6.806,043
347,120
317,632
3,805,098
3,'676,787
158,075
164,559
1,847,183
1,828,096
Prop, retirement reserve
Butler Brothers
125,000
125,000
1,500,000
1,500,000
$340,308
4,769
$350,017
2,092
$4,089,980
y
54,033
$4,160,359
17,285
$345,077
appropriation
(& Subs.)—Earnings—
1943
Net
sales
___L—
$27,558,000 $27,150,000 $27,008,000
"Net profit
^
428,735'
: 316,149
375,154
Number of common shares.—_
1,144,803 !
1,144,803
1,122,303
Earnings per share.'—
$0.25
$0.19
$0.24
p.
1652.
.y
'-1944
1945
:
income and excess profits taxes.—V,
161,
revenues
Gross
$352,109
$4,144,013
$4,177,644
198,878
pfd. stocks
yyyy,; :■
208,919
2,361,427
1,134,601
2,515,195
1,232,636
—
cess
1944
$3,691,568
2,282,536
depreciation——.—.—
$3,458,272
2,111,829
$1,409,031
$1,346,443
15,188 *
12,670
_*
income—
before
(incl.
income
Fed.
and
912,045
taxes)
796,335
$562,778
208,502
stock.
Balance
208,502
$303,672
preferred
on
deposits
$201,108;
for
accrued
$354,276
mortgage 4%
series
bonds,
post-war
adjust¬
stock
(26 -
contingencies, $750,000; $5 preferred
shares, no par), $2,668,100; common stock (450,000 shares, no
$4,500,000; capital surplus, $4,033,943; earned surplus, $5,912common
stock in treasurv
(3,945 shares,
at cost), Dr$38 539;
total, $19,270,313.—V. 160, p. 2179.
Net
charges
applic.
161, p.
"B," due May 1, 1961,
per
profit
Interest
from
and
Calumet & Hecla Consolidated Copper Co.
sold.
(& Subs.)
1944
1945
$4,157,885
3,374,719
1943
$3,481,807
2,918,908
$4,146,531
3,118,293
* 1942
$1,451,138
827,026
gain
income
$783,166
$562,899
75,830
69,246
(net)
$1,028,238
38,032
$624,112
1,220
Total
$1,066,270
210,000
14(U21
292,000
J 97,368
(184,540
155,000
$380,069
$210,181
$355,859
$188,424
$858,996
charges
61,015
144,284
Depreciation
Depletion
Fed. income
tax
(est.).
$632,145
39,082
681
Net
profit
Note—No
p.
980.
provision
y„
1944
1943
1942
$64,907
$4,886
$224,219
6,000
1 8,513
9,882
10,239
1,333
546
636
Federal
Net
725
4.556
145
219
295
22,873
13,500
22,935
41,799
(est.)_
68,853
16,890
—
tax
inc.
$82,191
$25,313
profit
85,600
—
t$28,086
$85,561
tLoss.
Note—No
since
provision
been
has
Central of Georgia
Ry.—Earnings—
502,694
$3,300,296
865,399
315,596
$3,376,323
1,461,003
965,631
1942
$2,189,629
663,184
496,493
10,164,870
2,443,171
1,421,434
9,751,865
2,870,422
1,375,472
8,960,637
3,457,126
2,290,406
5,912,180
1,412,241
938,536
1945
March—
Gross
made for Federal excess profits tax,
160, p. 1965.
liability therefor is indicated.—V.
no
railway.—
from
railway
oper.
income
$3,575,814
860,434
1944
1943
From Jan. 1—
railway
from
from
ry.
—V.
railway
oper.
161.
p.
income—
1538.
Central Hudson Gas &
Period End. Mar. 31—
profit
Gross
income
"After
month
taxes
Electric Corp.—Earnings—
1945—3 Mos.—1944
and
$2,296,894
$9,575,607
295,104
1,152,156
charges,
but
before
reservation
additions or debt retirement, as
Commission.—V. 161, p. 1766.
for
1945—12 Mos.—1944
$2,539,438
282,179
—
plant
of
$9,027,329
1,344,465
$10,000
per
required by order of
$625,332
120,533)
122,228j
418,411
63,628
income
adjust¬
debt
interest
the P. S.
Other
1945
Depreciation
"Net
Operating
$320,414 in 1942 for Federal
addition of $100,000 in 1945,
in 1943 for reserve for post-war
contingencies.—V. 161, p. 764.
$185,806
expense
,
—Earnings—
copper
1942
$626,777
$1.74
Amort, of debt discount
Net
same
.1943
t$362,054
$1.00
opers._
funded
on
Net
of
1944
(& Subs.)—Earnings—
Central Foundry Co.
ry.
from
'•
yy,
'
t$243,570
$0.67
for all taxes, including
tAfter taxes and an
3 Mos. End. Mar. 31—
Net
Gross
Cost
yVir
profits taxes.
$200,000 in 1944 and $400,000
ment of inventories and other
Net
Rev,
—
"After provision
excess
total, $20,223,455.—V. 161, p, 1875.
accounts payable, $97,535; accrued interest, taxes,
$638,348; unearned revenue, $24,230; consumers'
Quarters End. Mar. 31—
1945
t$299,089
$0.83
chgs._
share
after
profit
Earnings
from
etc.,
to
1765.
Quarters End. Mar. 31—
"Net
Net
dends,
,
in¬
after
income
divi¬
meter
deposits, $33,547;
consumers'
extension
deposits, $239,124;
miscel¬
laneous reserves, $39,812;
contributions for extensions, $358,368; 6%
cumulative preferred stock (par $25), $3,475,000; common stock (par
$25), $2,914,200; capital surplus, $70,499; earned surplus, $450,792;
$11,882,000;
(net)
income
terest
Other
March 31, 1945
rights, franchises, etc. (after reserves for
depreciation and amortization of $3,945,447), $18,506,918; miscellaneous
investments and special
deposits, $43,331; excess profits tax—post¬
war
refund, $25,144; cash and working funds, $643,689; U. S. Govt,
securities, $100,000; accounts receivable, less reserve, $126,919; mate¬
rials and suppleis, less reserve, $263,648; prepaid accounts, $40,987;
unamortized bond premiums, discount and expense, $448,526; miscel¬
laneous deferred charges and suspense, $24,292; total, $20,223,455.
property,
and
Fed¬
income
Gross
ex¬
income
Dividends
$1,359,113
$1,424,220
deductions
$512,175
profits
revs.——
Carpenter Steel Co.—Earnings—
1945
profit
deductions
Net
Other
—V.
————
and
expenses
Non-operating
oper.
Dividends
•'
y
..
California Water Service Co.—Earnings—
Operating
Net
—
"After charges and Federal
par),
499;
/
from
Net
Working
A,
Other
customers'
taxes,
10,071
303,492
y/y'-^:.
683,276
railway
railway...—.
oper.
27,589
Canadian National Lines in New England—Earnings—
Gross
1942
V
$242,279
83,936
45,321
$243,762
82,468
47,218
$244,204
railway
oper.
Net
$2 492,166-
salaries, wages, and commissions
preferred stock, $33,351; accrued State,
Federal
$1,725,486
tax
From Jan. 1—
1943
1944
From Jan. 1—■■
accrued
on
$1,699,533
..._
...
per
March—
Gross
Net
instalment
notes, $426,567), $2,206,569; amounts
reimbursable under
terminated fixed fee
war
contracts, $6,301; in¬
ventories, $3,778,964; net current assets in Canada, Brazil, Mexico,
and Argentina (includes $1,439,813 restricted as to withdrawal under
present exchange regulations), $1,954,398; claim for refund of prior
credit
p.
1945
Liabilities—First
Surplus
Earnings
"$243,809
$0.75
t$278,455
$0.86
Burlington-Rock Island RR.—Earnings—
March—
Assets—Plant,
33,351
dividends
5,313,150
$1,697,897
4,334
and
"After post-war
Gross
charges, Federal income and excess profits taxes and a pro¬
vision of $175,000 for war-time contingencies.
tAfter Federal income
and excess profits taxes and provision for renegotiation,
ton 324,786
Balance Sheet,
dividends
Preferred
Net
income
Net
-
$107,670
.
excess
6,330,133
$1,644,831
54,702
...
taxes
profits
income
Net
Net
"After
98,574
82,452
profit for the period-
Common
$0-45
161, p. 1652.
'f$247,779
$0.76
profit
tEarnings
$298,044
40,000
Net
965,258
Feb. 28, '45 Feb. 29, '44 Feb. 28, '43
in
....
operations
for Fed.
Prov.
1,534,800
(& Subs.)—Earnings—
Co.
Quarters Ended—
Total
54,182
*$12,659
income
1944
$0.46
".
renegotiation.—V.
depreciation and
Balance
$3,992,211
1,068,001
869,182
$2,930,599
941,238
exps
general
From Jan. 1—
31
1944
1945
Gross
$434,715
985,25&
.
share
per
♦After
contracts
payable.
ing from unused excess profits credit carry-back.
Net
$333,298
965,258
$0.34
—
capital shares
Operating
incurred
costs
of
1944.
8,155,072
expenses
„—
excess
$1,969,515
12 Months Ended March 31—
included
Net
termination
$1,619,698
1,286,400
$451,085
taxes
profits
excess
profit
Number
similar determination.
a
1943
of
profits of foreign subsidiaries
$220,238 for 1944 and $195,357 for 1943.
(2)
1944
$1,952,585
1,501,500
income
♦Net
444,980
The War Department,
Notes—(1)
izing
income
Net
1945
...
.Common
1944
$15,166,118
credits
Net
Quarters Ended March 31—
Total to earned surplus—————
Dividends—Preferred
1945
$15,954,163
'
adjustments and other
.—
companies)
—
income..
From Jan. 1—
..,
Income
376,184
income
on
for post-war
contingencies
,
$797,683
$0.37
Co.—Earnings—
Quarters Ended March 31—
series
$1,548,726
u,—
—————;
Provision
operating
Gross
$1,328,742
$1,281-,083
operations—
tProvision for Federal taxes on income—...
Reduction
$498,567
$0.19
———
Burns & Co., Ltd.—Bonds Called for
from
230,550
355,085
...
♦Reimbursement
Net
1944
$3,829,683
3,032,000
share.
1651.
Net
Subs.)—Earnings
(&
1944
Net' sales
Profit
1945
$2,298,067
1,799,500
profits taxes
excess
common
per
Budd Wheel
■
'Calendar Years—
'Other income
and
profit——
Gross
Balance
*
charges
provision for dividends on $5 prior preferred stock, based for
periods on 143,194 shares of $5 prior preferred and 1,673,058
shares of common stock outstanding as of March 31, 1945.—V. 161,
159, p. 210.
Gtoss
Net
•
tAfter
$67,487,796 $65,751,695
—
——
247,666
7,979,200
—
distributing ' and
selling,
administrative
Net
14,073,667
surplus
Total
—V.
-
stock
Earned
22,799,252
64,388
1,532,370
_—,———
depreciation
Capital
67,721
1,370,641
11,500,000
13,618,118
income
Reserve
10,500,000
accrued—;———
tax———»—— -•»—
interest
Debenture
subsidiary
owned
—
and
"Federal
Quarters End. March. 31—
"Profit
Federal
$693,161
640,468
Advertising,
Foreign
3,729,740
subs
S.
Reserve
$693,161
4,206,842
payable
Dividends
soldi
goods
income
$67,487,796 $65,751,695
—
of
189,226
deductions
P.
475,279
109,688
•-—
437,686
charges
Deferred
1,409,208
398,686
—
Mortgages
receivable
Investments other cos,
Plant
4,671,769
—
advances
Invest,
—
reserve——
Cost
516,056
,
135,222
..
165,150
——
Income
$2,854,648
6,696,406
11,036,872
1,341,364
$1,608,385
bonds——.
Victory
Cash,
Receivables,
wholly
sales
Income
both
Sheet, Dec.
Balance
251,073
;
149,529
81,047
,
523,143
6 Months' Periods Ended March 31—
Net
Federal
debt.—V.
tEarnings
$13,795,965
67,347
•"
503,605
Dry Ginger Ale, Inc.—Earnings—
194$, has been reduced by $93,000 and $191,000, respectively, by reason
of increased
Federal income taxes resulting from lower interest on
long-term
13,622,593
$3,050,344
—
54,650
.
'
179,412
Gross
""$173,372
13,795,965
-
——
$2,946,014
2,772,642
$277,702
profit—Canada—
Net
92,312
1538.
March 31,
12 months ended
(Edward G.) Budd Mfg. Co.—Earnings—
Inventory
$183,074
80,618
"
income...
"
$190,487
79,202
50,434
railway
oper.
1942
$167,104
422,735
railway
161, p.
$2.26
$2.90
$0.77
$0.94
250,000
Dividends
income—»
oper.
from
'
1943
1944
-
$161,307
77,739
From Jan. 1—
Gross
$1,685,508
the three months and
"Gross income for
274,767
19«'ivn
o
per
745,364
$8,276,140
$834o'Io5
Operating profit
Debenture interest
52,120
$701,573
income
Earnings
2,460,000
46,883
deductions
1943
1944
Income
on
1,982,083
615,000
382,500
long-term debt
int. and miscell.
♦Int.
$4,358,870
$4,342,069
$1,238,409
$1,130,956
income
"Gross
Statement for Calendar Years
Comparative Income
.
Net
(Including
for crude oil which will offset
been forced to assume to aid
a proper price
the industry has
awaits
merely
panies
profit.for oil producing com¬
matter of net
report points out the
The
*'
from
the
into
the
Other
1945
railway—.
railway
from
Net
45,051
-•
parent company's accounts, amounted to $622,439 compared
with $909,675 for 1943.
It is officially stated the decreased subsidiary
earnings are accounted for, broadly, by the increase in costs of
and
labor with no compensation increase in the price
crude '»"•
Gross
$4,313,819
57,890
$1,227,404
11,004
1,554,778
103,487
3,570,738
1,145,300
479,500
taxes
Federal
25,845
plant
Amort. of light oil
1,581,303
103,397
3,524,182
1,504,000
505,669
25,843
929,033
RR.—Earnings—
March—
•.
1945—12 Mos.—1944
$7,388,162 $26,612,535 $25,610,693
3,860,322
13,867,800
13,330,034
360,390
1,747,674
1,592,537
1945—3 Mos.—1944
Period End. Mar. 31—-
Operating income
consolidated
subsidiaries for 1944 not
Earnings of the United States
Monday, May 7, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1992
made
for
Federal
excess
profits
tax.—V.
161,
Central Illinois Electric & Gas
Co.—Calls Securities—
June 1, next, all of its
at 101 and interest and 4% serial
Payment will be made at The
Northern Trust Co.. trustee, Chicago, 111.
The company also called for payment on June 9, 1945, all of its
outstanding first
mortgage 3%%
bonds due 1964 at 104 Va and
The
company
has
called for redemption on
outstanding 3V2% serial debentures
debentures
at 10iy2
and interest.
Volume
161
interest.
Number 4383
Payment
Chicago, trustee,
Holders
interest
accrued
made
be
at-The
National
First
Bank
of
receive the
the redemption date,
time
any
to
render of the above-mentioned
full
redemption
presentation
upon
debentures
bonds.—V.
and
March—
Gross
Net
1945
from
from
ry.
railway..
and
sur¬
161, p. 1875.
from
raliway..
railway.;
from
Net
ry.
762,143
575,845
—V.
3,660,337
15,305,170
12,165,161
3,106,789
1,434,477
4,082,478
1,076,453
1,513,439
868,712
161, p. 1875.
revenues.
operating
for
cancellation
with
the
The
440,064
$2,378,765
1,779,111
$182,586
$182,232
$599,654
915
1,011
4,147
$622,296
-
Other
__
income
_
to
issue
not
of
like
a
principal
Reconstruction
Finance
amount
of
series
A
bonds
Corporation.
pledged
offered
for
sent
were
sale
through
banking
123
to
houses, investment institutions, insurance companies, savings, banks,
and others,
the bidders to specify the rate of interest to be borne
thereby in multiples of one-eighth of 1% per annum.
In response
bid
one
received.
was
per
annum,
was
and has been accepted.
On this basis the average annual
the proceeds to the applicant will be
approximately 3.84%.proposed refinancing will result in a gross reduction of $509,198
interest charges from May
1, 1945, to the maturity date of the
outstanding bonds.
March
Gross
1945
from
Net
from
Net
ry.
and
railway
to
income
$183,502
$183,243
$603,801
Gross
from
Net
Total
income
Provision
Other
Federal
43,456
income
taxes
62,489
29,060
1944
1943
$2,696,306
898,539
932,277
1,087,213
406,522
341,717
354,928
417,589
159,380
ry.
—V.
stock
20,958
20,958
for
161.
shares_____
common
107.
P.
■
.
$98,801
$90,028
.
Gross
railway—
154,521
198,431
138,900
62,263
81,411
127,938
ry.
railway
:
railway——"—
1,111,305
1,180,054
1,102,123
340,817
426,686
482,100
354,431
income...
153,297
220,631
284,705
219,997
:
oper.
i
$414,429
$337,738
—V.
1421.,.
;
all
tProvision
Manufacturing Corp.
Gross
per
1945
taxes)
bef.
taxes.;—
$173,983
14,523
96,688
71,374
$20,056
$150,522
$1.39
Net
for
from
253,276
278,089
304,056
248,254
7,486,630
7,639,417
7,197,079
5,786,726
2,092,286
2,415,871
2,633,659
1,743,205
717,475
828,065
860,197
610,014
1945
railway....
railway
from
1944
1943
1942
( $520,415
175,909
$599,595
$591,935
240,761
293,676
75,087
79,059
96,634
railway
1,639,408
1,612,460
1,516,256
504,927
590,647
740,988
607,460
213,997
231,094
261,718
215,161
income...
railway
,
...
income.._
oper.
$518,850
'
from
Net
from
Net
ry.
income
—V.
railway
1944
1943
1942
61,971,826
161,
58,594,404
49,579,607
25,626,125
23,839,903
1945
from
ry.
Gross
1944
income.—
from
from
Net
ry.
—V.
9,002,474
:7,097,723
$1,228,073
* $1,205,793
Mention
507,897
Eastern
&
Illinois
RR.—Bonds
Offered—
made in
our issue of April 30 of the
offering
first mortgage 3%% bonds, series B at 100
and int. by Halsey, Stuart & Co., and associates.
Fur¬
was
ther details follow:
Dated May
1, 1945; due May 1, 1985.
Principal and interest (May and Nov. 1)
Chicago
Definitive
in
and
233,510
316,325
387,655
216,368
bonds
of
$1,000,
and
fully registered form without coupons
in denomination
of $1,000 and
authorized multiples thereof.
Bonds
will be redeemable before maturity as a whole or in part at the option
of the company on any
redemption
accrued interest.
for
ments
Rhode
by
date
price
In
or
for the sinking fund
being
105%-
of
Maine,
on
Jan. 1,
any
3,438,306
3,420,029
1,241,367
3,257,258
1,234,642
703,891
770,955
income
2,769,223
1,252,929
522,682
from
New
Hampshire,
sale
of
New
Jersey
and
these
Commerce
bonds
subject
are
to
authorization
Approximately 189 miles of the lines owned and 114 miles of the lines
operated under trackage contracts are double-tracked.
In
addition,
the company owns 435 miles of industrial, yard and side tracks.
Purpose—Company
funds
proposes
from
its
first
apply
to
redemption
the
the
series
proceeds,
together with
required therefor, to
extent
otherwise,
or
bonds, series
bonds,
mortgage
to
treasury
through
retirement,
standing first mortgage 4%
The
A,
(exclusive
A
of
all
due Jan.
of
of
its
out¬
1967.
1,
those
held
in
the
sinking fund) are now outstanding in the principal amount of $9,400,000, all presently owned by Reconstruction Finance Corporation, plus
$1,244,000 of series A bonds pledged with RFC to secure it against loss
on
the
bonds
owned
(Giving
series
Effect
A
Capitalization
ry.
to
Refunding
Operation,
bonds series B.
Equipment obligations.
General mortgage income bonds, 5%, convertible
Class A stock ($40 par), 5f/r—
Common stock (no par)
....
Summary
of
Railway
Operating
Gross
Changes)
from
ry.
Earnings
Available
for Fixed
Charges
Revenues
—V.
for
15,354,500
17,538,000
.....
Calendar
coupons
Hall
Fixed
Contingent
.
4,040,344
678,654
1,326,320
3,300,522
672,057
1944
34,109,588
year's interest
3,219,252
the
on
estimated
to $352,500.
obligations, and
rents
at
1945
$228,000
61,378
$9,400,000
standing amounts
equipment
\
for
.
of
1,082,043
Other fixed charges,
for
leased
bonds
B
Purchasers—The
of
names
amounts of
ry.
Inc.
such
&
bonds
which
of
and
future
&
equipment,
financing
Net
they have agreed
250,000
to
purchase
Co.
&
H.
ry.
Net
to
as
part
Date
* 1943
1942
$13,073,090 $10,211,821
Electric
Co.—Partial
York,
New
C.
T.
I.
N. Y.—V.
161, p.
4.
Corp—Special Offering—A special
offering of 29,900 shares of common stock (no par) was
made on the New York Stock Exchange April 27 at
$48 Va per share with a commission of 90 cents by E. ,F.
&
Co.
Shields
and
&
Co,
Ross
&
O'Gara &
1,200,000
4,797,388
6,022,900
6,557,157
3,243,635
The
ICC
1945,
104*}
1944
the
with
mission
The
2,801,242
3,017,792
-Inc/-' 150,000
due
1945, at
Co.,
Trust
'
price and accrued interest
time upon presentation
and
bonds.—V. 160, p. 2644.
Co.—Earnings—
(Including Clark-Celfor
3 Mos. End. Mar. 31—
profit
from
1945
Total
income
&
selling
for
'
1943
$3,114,312
69,713
87,097
57,666
36,617
$3,301,477
$5,431,306
$3,171,978
$4,085,593
436,429
522,873
1942
$4,048,976
—.
depreciation—
441,606
457,681
83,595
84,499
84,880
29,868
exps.
allowed-
paid
Corp.)
$5,344,209
"
—•
discount
Interest
Tool
1944
$3,231,764
oper.
Miscellaneous income
Special; amort,
34,726
13,829
10,152
j.„
142,246
174,316
-
118,048
income
profits
cess
Net
of
def.
—
-
facilities—
emergency
Federal
97,440
Shares
150,071
149,436
148,552
123,866
tl,880,000
13,982,000
tl,775,000
*2,855,000
$739,039
$549,791
dividends
22,407
Earns,
(less
and
and
$349,172
$187,726
237.616
237,616
$3.01
237.616
$1.56
for
1944»
and
profits taxes
excess
and
investment
owned),
$20,746;
profits
in
(after
etc.
reserve
$3,839,606;
$9,291,263),.
$26,780,638.
Liabilities—Notes
31,
March
$7,424,203;
receivable
(net),
advances
and
war
con¬
1945
U.
$1,550,000;
to
land,
Government
S.
inven¬
$3,421,439;
Buchanan
Land
$3,024;
post-war
buildings,
machin¬
investments,
sundry
credit,
refund
tax
Sheet,
hand,
on
$6,992,168;
(100%
of
7 •<
accounts
$3,500,000;
(estimated)
'
Balance
banks
in
renegotiation
1944.
and
Assets—Cash
excess
$2.22
"■
tlncludes Federal
.
credit of $150,000), $1,343,000.
tlncludes Federal in¬
profits taxes (less post-war credit of $130,000 in 1945
in
1945
securities,
tories,
,
excess
Consolidated
Co.
$538,419
237,616
•
profits tax.
excess
$200,000
tracts
22,452
178,212
'
$2.08
par)
share
post-war
come
178,212
$316,401
"
-
(no
per
$388,390
,
22,407
178,212
out¬
common
♦Including
22,408
178,212
-
—u
of
,
ex-
dividends
standing
.
«
$517,022
&
taxes—
profit ———'
Preferred
Common
gotiation of war
for depreciation and special amortization of
prepaid insurance and taxes, $29,452; total,
to
payable
banks,
$4,000,000; current accounts
(accrued), $411,543; amount
48,742,022
19.287,563
7,211,630
reserve
preferred stock (par $100), $1,902,700; common stock (249.838 shares,
no par), $4,996,760;
capital surplus, $417,115; earned surplus, $6,595,capital stock purchased for and held in treasury, pref.,
$110,100; common, 12,222 shares, $185,724), Dr$295,825;
160,
p.
41,856,629
27,120,174
18,389,136
8,210,386
11,962,689
Climax Molybdenum Co.—Earnings—
1945
Quarters Ended Mar. 31—
after
•
Federal
increment—
discovered
income,
profits
Net
surtax
and
taxes
profit
♦On
1943
1944
charges but before deple¬
and
$4,465,177
5,649,407
1539.
1.101
total,
2068.
1Q40
Net
44,968,888
17.680,406
7,358,916
(after U. S. Treasury tax notes of $4,516,for post-war adjustments, $1,000,000; 5%
contracts
$3,993,907;
700i,
tion
respect
to be
the company to assume obligation
of not exceeding $1,570,000 1 %% equipment
issued by the Harris Trust & Savings Bank,
sold
100.273
April
on
in
and
21
at
authorized
and accrued dividends in connection
equipment.
The report of the Com¬
procurement of certain
states:
certificates
were
offered
for
sale
invitations to bid were also sent to
trust
through
more
than
competitive bidding
100 banks, bankers,
and insurance companies, the bidders being required
dividends to be borne by the certificates in
per annum.
In response thereto, eight bids
companies
to
specify the rate of
multiples of Va of 1%
—
1,379,231
724,377
2,887,231
$3,085,946
$1,592,443
$1.22
—
-
$0.63
$2,714,872
$1.08
share
common
$5,602,103
$2,316,819
excess
-
shares.—V.
2,500,000
161,
1093.
p.
•
■
t
has
accepted.
been
proceeds
to
On
the applicant
this
will
basis
be
the
annual
average
approximately
cost
of
Clinchfield RR.—Earnings—
Net
ry.
Earnings
for
Gross
from
Net
from
March
and
1945
March—
from
Net
from
Net
rv.
ry.- oper.
to
Date
1942
1943
p.
income—
—V.
railway——
railway
oper.
161, p.
income
1766,
2,910,199
'
Lamp
&
Stove
Co.—To
and New Financing
.
1(599,162
l1,288,804
.
Reclassify ; Stock
Also Proposed—
28 approved reclassification and fftianriing
if adopted by stockholders at a special •mfeeting
called for June 12, each share of presently outstanding no pkr com¬
mon
stock would be reclassified into Vs share of cumulative preferred
having
having
$2,220,639
$1,845,859
stock
666,849
435,763
stock
235,015
3,381,374
1,907,804
1,557,454
1,657,555
1539.
directors
under
503,132
The
plans
April
on
which,
a
a
par
par
also
value of $50 per share and four shares of common
value of $5 per share.
c
an
amendment changing the name of the
include
454,589
208,017
6,878,690
6,312,373
5,282,842
stockhoiders
1,557,414
1,660,444
1,603,054
1,024,920
824,582
847,990
leading manufacturers of home heating units and other appliances^ ^
Subsequent to such reclassification the company, looking forswardlftQ
362,112
•
"
From Jan. 1—
from
3,723,103
12,020,422
income—
Coleman
$2,353,073
»
$981,982
'549,097
451,580
railway
Change in Name
661,369
:
$1,246,337
716,654
598,695
railway
oper.
—V.. 161,
$2,386,144
railway
railway
Year
1944
1942
$1,239,524
637,472
514,994
3,753,581
1,941,497
1,592,234
income
oper.
'
1943
$1,262,423
643,086
522,578
railway—
railway
From Jan. 1—
Gross
The
1.70%.
from
from
1944
1945
March—
Gross
Net
plans
Net
100,000
bonds
1,
York
3,007,650
:
income™
certificates,
ry.
&
N. Y.
be obtained at any
may
Clark Equipment
$26,780,638.—V.
2,167,835
liability
trustee,
as
Net
& Co.,
100 Broadway, New York,
1,
gold
June
on
New
shares,
Chicago, St. Paul, Minneapolis & Omaha Ry.—Equip¬
from
F.-S. Yantis
June
fund
6,079,036
4,695,365
railway
350,000
100,000
mortgage finking
been called for redemption
Payment will be made at The
ment Trust Certificates—
the
Co.—
Copeland
co-trustee,
first
have
28,275.665
and
Co..—
Otis & Co..
outstanding
1952,
interest.
1,
and
12,002,212
100,000
——
the
of
105
36,296,538
150,000
Cor-
&
City Light & Traction Co.—Redemption of Bonds—
June
11,389,399
$9,614,065
railway-
com¬
39,742,875
1945
:
was
payable to U. S. Government for voluntary refund of war contracts
for
1944, $1,125,000; reserve for Federal taxes on income and rene¬
railway-— $17,270,942 $15,904,593 $15,410,144
7,014,305
6,273,445
7,131,751
-
sale
1,859,224
9,533,819
income—
The
pleted in the elapsed time of 8 minutes. There were 222
purchases by 54 firms; 1,000 was the largest trade, 10
the smallest.—V. 161, p.1876.
2,733,958
39,666,742
p.
'
Financial
payable and payroll, $2,634,226; taxes, etc.
railway-—
Income—
Redemption—
2,770,833
"
railway—
161,
Net
Year
1944
1,940,710
oper.
300,000
100,000
and
March
railway——-
from
ry.
Gross
.ion non
sale
1,834,797
from
Gross
300,000
Co..—
for
income—
From Jan. 1—
E. W. Thomas and Co.
Welsh. Davis and Co...
Co.
the
4,876,092
oper.
100,000
&
from
4,009,435
from
Gross
Kendall, Inc..:.
Daniel F. Rice and Co..
Mason, Moran &
Street,
212;
200,000
Harrison
proceeds
Chicago Rock Island & Pacific Ry.—Earnings—
Co.—
500,000
the
use
3,557,918
oper.
Patterson,
200,000
will
railway- $13,820,374 $13,675,668
from
350,000
Co..
from Halsey, Stuart & Co., Inc., and
These named prices of 100.474 and 100.07,
(Inc.).
1945
oper.
Co
Farwell, Chapman & Co.
and carrying
200,000
Burns
Inc
Mullaney,
Alfred
1,200,000
Collins &
Gas &
has called for
company
Harris,
representing 29 parties were received.
The best bid of 100.273 for
certificates bearing a dividend rate of 1%%
was made by the North¬
western Trust Co. and the Northwestern National Bank of Minneapolis
McMaster Hutchinson &
Co.
750,000
...;
Republic
bett,
Salomon
100.2775;
1766.
p.
of
the respective
Morris Mather & Co._—
Co.,
(Inc.)
Carter
purchasers and
Martin,
Co.,
———.
Byllesby
Dempsey
100.3102;
received
were
railway—
from
and
out¬
including interest
roads
(exclusive
the several
$2,700,000
—
Emerich
&
Bank,
From Jan. 1—
Gross
Net
trust
be
follows:
Cruttenden
National
1%%
100.17.
Company
from
Net
$817,460;
reserve of
redemption on June 1, next, $70,000 of
first mortgage 3,V2 %
bonds due June 1, 1967, at 105V2 and interest.
Payment will be made at the Irving Trust Co., trustee, One Wall
ery,
and
Halsey, Stuart <fc Co.,
Julien
(Inc.),
Illinois
Halsey, Stuart & Co., Inc.,
100.299;
Earnings
1,463,571
to
equipment now on order).
Inc,
Continental
Hall & Co.
from
$1,040,139;
$1,069,637),
value
(after
$10),
Surplus
Western
March—
1,846,422
1,104,303
series
7,519,201
payment for new equipment costing $8,270,000.
2,035,370
32,635,256
Central
North
&
coupon
Gross
of
reserve
companies,
commissions, etc., $391,075; reserve for unfilled sub¬
$181,697; reserve for contingencies, $300,000; capital stock
$4,107,940; capital and earned surplus, $2,043,708; total,
$7,495,290.—V. 159, p. 1757.
(par
1539.
Co.
Net
after
cost)
of
payroll,
♦Earnings per
23,964,174
M.
,462,242
573,712
12,580,187
7,616,924
Net
1943——.
Inc.
38,194,259
7,524,705
respectively.
—V.
1942
H.
54,806,211
17,556,020
,209,478
16,168,844
income.—
Hutzler,
&
2%
a
Income
Ames,
55,594,422
railway-
were:
&
Bros.
Net
Years
$218,966
as
2,278,744
Other bids for obligations with similar maturities and carrying
13,852,350
...
Charges
are
4,254,117
,754,503
Ry.—Equipment Certifi¬
Bank, Chicago, May
2 was awarded the $6,180,000 of equipment trust certify
cates on a bid of 100.331 for obligations carrying a 1%
coupon and maturing in l-to-10 years.
ry.
$1,245,245
principal
,809,569
2,381,440
cates Awarded—The First National
Net
$690,970
are
5,762,741
2,493,654
railway
from
Charges
on
5,066,301
161, P.
Net
$2,155,181
—
depreciation
...
income.—
oper.
1,426,980
„_
1942
railway-
from
Net
$9,400,000
$18,672,227
One
1943
£ $18,733,633 $18,948,320 $18 ,216,814 $13,223,498
March—
Etc.,
...
.
Years—
1944
1945
■
railway
oper.
Net
by it.
First mortgage
1941—
on hand, $1,131,499;
accounts and notes
$59,599), $610,028;
inventories at
cost
$276,782; cash surrender value of life
for
reserve
1944
scriptions,
Prov.
From Jan. 1—
Harris,
Commission.
Company—Company operates approximately 912 miles of railroad in
Illinois, Indiana and Missouri, of which 794 miles are owned and 118
miles
are
operated
under
trackage contracts with
other
carriers.
the
from
Net
$1.20
31,
payable, $742; accounts payable, $14,658; ac¬
(after U. S. tax anticipation notes of $1,005,000), $355,470;
taxes
accrued
Admin.
Alternate bids for certificates maturing in l-to-15 years
and
the Interstate
additional
(after
899,798
843,621
.
1539.
March—!v.
the
principal amount, plus
bonds will be legal invest¬
the
the opinion of counsel,
banks in
savings
issuance
of
Dec.
Liabilities—Dividends
crued
Cash
Island.
The
and
$12,232),
Sheet,
policy,
$51,722;
other
assets
(at
$124,448;
accounts
with
associated
assets
Gross
railway
Chicago
r
payable at office of trustee
at office or agency of the company in New York.
will be in coupon form, registerable as to principal,
denomination
initial
Balance
reserve
of
339,824
railway.!..
161, p.
Gross
of $9,400,000
in
insurance
$971,149
471,112
Chicago, Milwaukee, St. Paul & Pacific RR.—Earnings
* 5,835,994
11,995,746
328,635
1942
423,675
...
income
oper.
Net
Chicago
(after
reserve
surrender of said
1943
v,
$1,164,449
railway
railway
oper.
Net
12,402,129
1421.
p.
ih banks
Immediate payment of the full redemption
Chicago Indianapolis & Louisville Ry.—Earnings-
33,009,021
28,597,128
railway...
oper.
(after
All
1539.
March—
from
$492,255
—_
218,000
From Jan. 1—
Gross
receivable
to
Net
$21,218,254 $20,090,247 $18,242,460 $11,534,281
9,606,200
8,271,702
9,132,184
4,716,906
2,668,474;
2,110,815
4,679,332
1,421,592
railway
oper.
share.
Consolidated
80,313
1,543,341
...
railway.—
161, p.
Gross
541,077
$1.30
taxes
operations—
capital
687,380
From Jan. 1—
1945
from
ry.
$2,036,839
1,058,585
1766.
oper,
ry.
—V.
profits taxes.
excess
v:"--,a
March—
Net
1942
$2,638,557
850,294
income.—
p.
from
Net
$0.94
$0.18
made
Chicago Burlington & Quincy RR.—Earnings—
Net
1943
$2,684,396
$102,609
—
share
tNo provision
shares.
1943
$247,210
$34,579
-
common
1944
381.
p.
1944
824,847
railway..
from
ry.
46,582
200,000
1,155,440
$533,846
State
•
declared
per
Assets—Cash
From Jan. 1—
(& Subs.)—Earns.
4,670,775
44,707
and
—;
100,000
390,254
Federal
profit from
Earnings
The
$2,649,931
—
railway
from
Net
Gross
534,181
March—
Gross
—
108,361
161,
(but
income
profit
•Earnings
—v.
chgs.
for
for
Hutton
Net
.
Quarters Ended March 31—
♦On
1,172,490
Chicago & Illinois Midland Ry.—Earnings—
Net
Net
906,246
income
oper.
161,
5,449,009
contingencies.
'
Checker Cab
aft.
railway....
from
ry.
926.579
161, p.
Prof.
757,157
railway.
from
Net
91,010
income—,
from
from
1,279,751
1945
oper.
Net
128,706
railway
oper,
Net
1942
$419,656
From Jan. 1—
—V.
1943
$398,517
Net -from
Net
ry,
-Earnings—
1944
1945
from
Gross
4,939,261
From Jan. 1—
Gross
March—
/
from
85,481
$5,950,689
1876.
from
Net
100,885
$7,283,002
depreciation
Cincinnati
Net
ry,
7,678,178
3,007,057
Chicago Great Western Ry.—Earnings—
83,832
■
$272,697
v.v-i'
r;.'.
;
Charleston & Western Carolina Ry.-
Net
8,318,829
2,492,233
income
oper.
161, p.
29,060-
7,701,901
2,094,768
March—
Balance
Gross
railway
earnings
j.-
for
Dividends
$1,663,450
railway
investment
$5,865,209
expenses
for
Provision
Net
and
1943
$7,182,117
ser¬
publications, subscription lists, etc., at book
$1,452,506), $3,443,212; total, $7,495,290.
1942
$2,914,353
income
books,
income
Operating
994
preferred
on
218,213
—,
deductions
Dividends
—V.
Net
deductions
for
from
discount
Total
fixed
Date
$2,752,017
railway
oper.
Year
From Jan. 1—
Gross
Interest,
$7,593),
for
subscriptions,
vices and printing, net of
agency commissions
bid, 98.25 and interest based on a
made by Halsey, Stuart & Co., Inc., and
of
Earnings
1944
advertising,
This
The
in
of
Provision
$9,400,000 of series B bonds were
competitive bidding and invitations to bid
thereto
Sales
Provision
•
(& Subs.)—Earnings-
calendar Years—
ex¬
report of the Commission states:
March—
Operating income
Chilton Co.
-
(1)
company
3%%
mortgage
1993
associates,
464,154
$647,041
deductions
revenue
first
/
the
The
cost
Mar. 31, '45
1944
1945
operating
Total
by ICC—
authorized
30
of
& FINANCIAL CHRONICLE
bonds, series B, to be sold
at 98.25 and interest, and the
proceeds applied to the retirement of a
like
principal
amount
of
outstanding
first
mortgage
4%, bonds,
series A, and (2)
to procure authentication ancl delivery of not ex¬
ceeding $1,244,000 of additional series B bonds upon the 'surrender
12 Mos. End.
3 Mos. Ended Mar. 31
i'
April
on
rate of 3%%
Central Ohio Light & Power Co.—Earnings—
Total
ICC
ceeding $9,400,000
1,331,333
1,706,314-
15,112,591
3,243,830
14,773,902
income.
oper.
1942
•'
•
$4,425,223
$5,622,843
437,042
|
From Jan. 1—
Gross
Net
1943
$5,359,623
1,266,684
1,817,139
845,279
__
income.
oper.
1944
$5,611,169
:
railway
The
plus
price,
Central ItR. of New Jersey—Earnings—
Net
Bonds Authorized
Chicago, 111.
at
may
will
.
THE COMMERCIAL
company
6,632,009
.
998,807
a——,
-
—l—i
336,598
1
? 1 ^1
1
nnlflTiilAl
post-war
to
"The Coleman
because
the
developments
Company,
company
Inc.".
has
which is recommended >to
one of
the nation's
become
and believing it wise to have additional long-
THE COMMERCIAL & FINANCIAL CHRONICLE
1994
Join
with
which
it
»
offering, to the public, shares of preferred stock /
by them under the reclassification.—V. 161,
by
would
reserve for other purposes, $4,100; contributions in
aid of construction, $625,377; minority interest in common stock and
surplus of subsidiaries, $352,406; $7 cumulative first preferred stock
(39,063 shares, no par), $3,619,582; common stock (par $1), $1,124,555;
1053.
P•
Calendar Years—
3,528,098
1,219,100
Net
1,824,025
1,189,166
563,620
$3.23
563,620
income
income
Shares
——
outstanding
—--------
Earnings per share———————————
months
three
March 31,
ended
1945,
net income of $787,839
.
"Net
»
March—
1943
Consolidation
Sales
8,091,923
9,049,259
"Total
From Jan. 1-*Gross
Net from
—
oper.
ry.
278,270
■,
Loss
Profit
2,808,000
1,590,300
J„ ,$1,046,530
$493,999
4,025
12,551
—
....
—...
Canadian income taxes.t——-
profits tax (less post-war refund)..
the
for
year..—
...
dividends
Common
244,001
335,319
.±.——...
share
per
(& Subs.)
$3.12
'
' :
,
after
Profit
,
Ended
March
1945
.
.
;
Quarter Ended Mar. 31—
1945
1944
$11,688,759
Income from sales—$14,791,784 $14,577,635 j
2,244,025
Oper. profit after depreciation—
3,003,979
3,395,391
royalties
income
—
2,271,671
3,445,347
*2,280,000
3,076,545
—
* 1,950,000
Fed.-income <& excess profits taxes.
Net
profit
65,327
43,992
609.939
588,659
767,122
$12,824,200 $11,275,244
11,186,896
10,412,201
$9,864,577
—
Other
operations.;^
from
$863,043
47,173
43,887
32,216
$1,684,476
$906,930
$1,219,506
income
income
Total
Interest;
!
-
!
Depreciation
Prov.
for contingencies....
-
191,000
228
'
332.566
Outstanding
Earnings
Earnings
per
1,240,000
Balance
Sheet,
Dec.
income
Class
and
A
Earnings
♦After
shares
B
1944.—V.
161,
p..
:
——
:
765.
$0.60
$0.68
$0.66
post-war refund
$150,100
1,717,076
1,717,076
—
share
per
deducting
$1,031,671
1,716,277
$1,165,347
$1,126,545
—
1945 and
in
$186,000 in
55,544
59,440
512,738
♦250,064
414,331
$506,284
$377,922
$420,067
639.692
454.692
454,692
50.74
$0.75
$0.84
proiits taxes
shares-
common
share..
per
V/!
:v-\'
annual meeting of stockholders, held on April 27, Stuart M.
President, reported the following preliminary figures:
"The
consolidated
Income
statement for this corporation and subsidiary
companies for the first quarter of 1945 will show that the gross
revenues
Increased
approximately $900,000
over
the corresponding
period of 1944.
The consolidated net income, however, decreased
slightly, due to increased operating costs. '
"For the 12-month period ended March 31, 1945, the gross revenues
decreased from $139,721,000 to $138,743,000.
The net income, however,
Increased from $13,207,000 to $13,553,000, equivalent to 58 cents per
share of common stock outstanding, as compared to 55 cents per share
for the same period of 1944, after restating the 1944 figures, prin¬
cipally to reflect substantial tax adjustments made late in that year."
the
At
Crocker,
—V.
161,
1539.
p.
26 Weeks Ended—
Income
of
.
_
Dec. 30, '44
$3,065,000
Deferred
charges
1,175,000
2,110,000
profits taxes.—
excess
$950,000
profit
Number of
shares
common
$955,000''
$750,000
383,401
363,268
366,268
$2.21
___
$2.32
Columbus & Greenville Ry.—Earnings—
Gross
from
from
Net ry.
1944
^
'
1943
1942
railway—
$160,307
$128,105
$133,509
$101,967
railway—.___
41,073
21,186
34,294
10,651
income.—
19,300
3,749
15,061
♦9,303
471,121
385,600
oper.
84,319
Net
from
-
railway—„
oper. income...
Net ry.
116,311
57,910
7
392,054
»
34,061
35,242
""Deficit.—V. 161, p. 1421.
305,145
99,108
42,404
40,707
3,604
w
Commercial Solvents Corp. (& Subs.)—Earnings—
Quarters End. Mar. 31—
profit
♦Earnings
;!*—
accrued
payable
___•
payable and
income tuxes
accrued.
taxes
504,015
•After
1943
1942
$651,629
276,085
and
contingent
subscription 'revenue—
(340,000 shs. of no
stock
^Capital
surplus
Earned
other
charges.
tOn 2,636,878 shares of
stock.
common
Note—Provision for Federal Income and excess profits taxes for the
first quarter of 1945 was $1,973,200; 1944,
$1,235,550; 1943, $1,478,900.
—V. 161, p. 1199.
317,643
54,454
'i
April
28—
April
21.—.
April
14
April
1945
7
———
193,916,000
——
192,606,000
surplus
1,700,000
682,362
3,079,509
"/•,'/
"
Southern
Dec.
at
31,
1944
Calendar Years—
Total
operating
V
;
revenues
figures
domestic
subsidiaries
For comparative purposes
the
as
of
All
of
income.—
.....
1943
Operating
'Interest
$1,539,723
$6,433,018
exp. & maint...-.
for
depreciation.
924,019
844,088
.3,608,814
Prov.
86,606
106,186
for
Oper.
Fed.
inc.
!
excess
Gross
H
plant
and
n^nl^orking assets' $4,916,767; deferred
$b2t0b%f3'*o.
charges, $583,558;
Liabilities—Funded debt of subsidiaries, $31,480,000; preferred
ffefti
stocks
of subsidiaries,
$8,187,270; funded debt
WttW Service Company, $5,245,000; .total current and
of
total,
1,164.790
816,807
116,261
115,980
93,009
378,441
360.853
$518,185
deducts..
$201,379
.
1944
1943
*9,014,865
*9,783,888
*8,564,657
$6,961,741
$5,519,873
$1.93
$5,041,180
$7,581,555
per
share..
com.
provision
+$2.43
estimated
for
excess
$1.77
$2.66
taxes,
tlncludes
^
profits
for depreciation, $10,125,826 for estimated
profits taxes, and $1,000,000 appropriated for
income and ex¬
inventory price
$4,814,393
cess
decline
and
dividend
1942
'
$14,534,738 $14,825,068 $16,146,212
115,940,220
♦includes
on
other
JAfter allowing for $18,750
preferred stock recently issued.
interim
contingencies.
cumulative
$3.75
Listing of Preferred Stock—
The
York Stock
New
of
Exchange has authorized the listing of
cumulative
$3.75
preferred stock (no par)
which
150,000
issued
are
and
outstanding, and 102,700 additional shares of common stock ($20
par)
on
official notice of issuance, upon the exercise of the stock
which
privileges,
purchase
will make the total number
2,956,671.—V. 161, p. 1768. -
of
common
shares authorized to be listed
(
:
Cooper-Bessemer Corp.—Has Backlog of $26,800,000—
sales,
D.
April 30 approved the employees' profit-sharing
on
Stanley
plan.
Charles G.
and
C.,
E.
Johnson,
district
Cooper,
in charge of
Washington,
Vice-President
production
with
unfilled
sales
manager
at
board,
have been elected directors.
B. Williams,
Chairman of the
reparted
continued
orders
pared with $20,310,672 on Jan.
hand
of
of
$26,825,000,
high
com¬
He added that although Gov¬
ernment orders continue of dominant importance,
unit orders from
commercial "customers increased during the first
quarter from 17%
to 28.3%
of total backlog, indicating that reconversion is well under
way.—V. 161, p. 1877.
1,
1945.
Copperweld Steel Co.—Debentures Placed Privately—
'
$289,730
330,480
$281,608
397,256
$848,665
80,229
$909,757
S. E. Bramer, President, announced May 1 that the com¬
25,237
-
253,970
111,213
35,258
$246,351':,
has sold $1,500,000 of 3% debentures; due March I,
1955, to Equitable Life Assurance Society of the United
The financing was arranged through Riter & Co.
pany
standing
160, p.
$264,493
$737,452
.
1860.
Proceeds
Earnings—
-
■
Period End. Mar. 31—
oper.
revenues
operating
revenues
/
;
*
1945—3 Mos.-—1944
1945—12 Mos.—1944
heat.
oper.
revs.
3,495,140
12,194,604
1,097,936
495,743;
11,739,405
1,065,739
sale,
with treasury cash, were used
mortgage bonds which were out¬
Also, the company's favorable
cash position has enabled it to reduce by $450,000 its bank borrowings
under
a
in
amount
together
4%
first
of $2,205,000.
V-loan arrangement.
that
from
company's
the
Copperweld
$11,017,662 $10,509,452 $41,458,083 $39,609,386
3,680,171.
504,494
the
from
the
retire
to
manufactures copper-covered steel wire
kind
electric-furnace
wire.
of
alloy
Also
it
is
important
an
steels sold under the
and cable made
manufacturer of
"Aristoloy."
name
'
Earnings
oper.
revenues.
expenses
!_.
Depreciation and amort
$15,202,327 $14,500,335 $54,750,623 $52,414,530
8,702,561
S^S^SO1 31;986,041
31,177,966
1,796,491
1,537,303 ; 6,200,656
'5,609,068
2,407,613
2,230,526
7,718,050
6,792,308
Quarter
for
.1.Net
profit
^Earnings
Ended
March
31
■;
1945
1944
f$253,631
*$242,223
$0.42
'
after charges and taxes
per common
share
$0.45
1943
■
t$258,284
$0.45
♦Including $124,230 excess profits tax recoverable from 1942 because
other
$2,295,662
$2,164,456
167,956
income
Gross income
i_—...
&■ amort,
premium
162,817
$8,845,876
$8,835,186
662,107
643,976
deductions
Net income
Earn,
per
...
com.
share
1422.
.
$2,463,618
$2,327,273
$9,507,982
$9,479,162
573,953
596,545
2,358,348
2,396,089
42,114
42,433
$1,847,550
$1,688,295
$6,491,626
$1,31
$1.17
$4.47
of
bonds...
on
—V. 161, p.
v
658,007
.
743,690
$6,339,382
$4.33
1
of
carry-back
quired
of
unused
excess
Consolidated Edison Co. of New Yorh, Inc.—Outout—
'
company on May 2 ^announced that system-output of-electricity
(electricity generated and purchased) for the week ended April 29,
profits
tax
credit.
Federal and State income taxes for
fcr
No
provision
1944 quarter.
re¬
fAfter
depreciation and provision of $121,293 in 1945 and $166,496 in 1943 for
Federal and State income taxes; also in* 1945 after provision of $73,077
for Federal excess profits tax., No provision for, Federal income and
excess
—V.
profits
taxes
160, p. 1860.
required
in 1944.
-
+Qn
514,864
■
Cream of Wheat Corp.—Earnings—
1945—3 kos.—1944
tEarningg
per
share—
tAftfer -charges and
shares
$183,144
$0.31
$199,022
$0.33
160, p.
254b.
shares.
.
1945—12 Mos.—1944
$1,024,446
$1.71
$1,000,115
.
provision for Federal taxes.
of-capital stock;—V.
common
...
Period End. Mar. 31—
♦Net profit
can-
Community
1945
Fed¬
<&
$512,501
!
84,608
'
accrued liabili-
$758,439
States.
Other
.
$815,220
_
tax
Earns,
B.
27,788
'
t
1944
$56,556,962; miscellaneous
receivable, $960; total cur-
135,361
786,345
$656,314
depl.
.$655,787
Electric
6,821
refunds
137,722
964,325
taxes
1877.
profit
level
500,000
267,273
$205,123
revenue
income..._
income
—V.
$399,914
equipment,
tax
118.864
profits
excess
$22,901,961
eral
414,682
.
37,528
income
Interest
Investments, $6,102; post-war
77,693
$1,680,146
468,858
:
&
P.
Deprec.,
3,403,990
,
40,847
7,517
Consolidated Balance Sheet, Dec.
31,
Assets—Property,
306,439
40,673
.
$1,602,453
(Including Wholly-Owned Subsidiaries)
$754,0*21
—$275,237
income—
396,526
$6,124,814
98,848
taxes...
income—
Net
$6,461,130
303,724
expense
13Wks.End,
$1,917,267
$1,244,036
The stockholders
prof,
Operating income—
and
1945,
and
,21,974
.
.
250,000
taxes___
local
oper.
$627,152
......
1944
$1,895,293
12,689
12 Mos. End. Mar. 31—
V.!
315,155
and
Operating
Miscellaneous
Net
_
&
Federal
Total
..
.
contingencies
other
.
Amortization of debt discount
bonds,;
1945—1-2 Mos.—1944
1945—3 Mos.—1944
$1,667,278
revenue
Taxes
Deductions—Company:
3'/4%
;
$2,620,895
1,866,874
$2,487,539
in
Apr. 1, '44 Mar. 27, '43
$1,232,347
Profit
Consolidated Gas Electric Light & Power Co. of Bait.—
.1
—
income
161.
retirement
State
'
;
refunding! mortgage
and
:!!
1,860,387
I—
Balance.
Net
—V.
Railway & Lighting Co.—Income State¬
Period End. Mar. 31—
Steam
9,559
.....—.
—
first
ment—
Total
income.—.
Deductions—Subsidiaries
outstanding
due Dec. 1, 1966, have been called for redemption on June 1,
next, at 104J/2 and interest.
Payment will be made at the Bankers
Trust Co., trustee, 16 Wall Street, New York; N. Y —V.'161, p. 1877.
$2,610,101
10,794
$2,477,980
Non-operating income......
Gross
the
2.0
3,851,029
31,
$23,622,172 $25,478,025 $21,529,004
22.389,825
23,582,732
19,926,551
—
etc.
income
shares
series G,
-Earningsv
March
(& Subs.)—Earnings—
income
Interest,
Fed.
:
Net
1944
Co.
deprec
income
Total
.
Connecticut Light & Power Co.—Bonds Called—
Gas
Operating
Other
inactive and their assets and liabilities
in the company's books.-
up
at Dec. 31, 1943 shown in the above balance, sheet include
the subsidiary companies; and the statements of profit and
surplus for the years )943 and 1944 inc.lude the operations of
the subsidiary companies which are now being carried on by the com¬
pany.—V. 161, p. 1877.
'-'VCV;-S'vthose
,
$6,639,349
4,161,370
___
__
and
$7,458,806
the company's two
taken
Corp.—Weekly Output—
Community Water Service Co. (& Subs.)
deprecia¬
taxes.
$17,146,153
Mar. 31, '45
exps.
Net
either dissolved or became
taxes
output of electric energy of subsidiaries
this corporation, adjusted to show, general business conditions
of
territory served for the week ended April 26, 1945, amounted to
256,582,679, as compared with 247,995,515 for the corresponding week
In 1944, am increase of
8,587,164, or 3,46% .—V, 161, p. 1876.
including
ended
with
post-war
1768.
Operating profit
in 1943.
were
kilowatt-hour
Total expenses.—
Cost,
note
were
Other
*1.6
188,898,000
compared
161, p.
$0.48
deducting
2,368,297
_____________
_____
and $3,413,298
1944
5.1
1.8
$18,354,573,
in 1943—V.
period
sales
684,122
____
.....
Total
Commonwealth &
weekly
% Incr.
184,458,000
189,212,000.
189,821,000
186,765,000
192,633,000
_
♦Decrease,—V. 161, p. 1767.
The
1944
to
$0.73
after
after all charges,
adjustments, and all
Period—
955,853
1,700,000
$8,396,595
!
Prov.
Following are kilowatt-hour output totals of the past four weeks and
percentage comparisons with last year.
Week Ended—
amounted
$12,557,271
net
tNct
provision for year-end
for
the
three-month
85,280
1,018,120
value)..
par
:
_
Connecticut
Commonwealth Edison Co.—Weekly Output—
Electricity output of the Commonwealth Edison group of companies,
excluding sales to other electric utilities, for the week ended April 28,
1945, showed a 5.1#' increase over the corresponding period in 1944.
S0.61
taxes
income
refund.
Continental Can Co., Inc.—Earnings—
profits
excess
tax
Shipments
405,000
installments due within one year,
tAfter
deducting U. S. Treasury tax notes held of $3,070,120 in 1944 and $1,500,000 in 1943.
JNot including installments due within one year.
SAfter deducting cost of Treasury common stock, 1944, 4,701 shares;
1943, 4,665 shares,
f After reserve for depreciation of $3,559,926 in
$0.21
and
1
Federal
for
125,069
434,357
reserves.——
433,556
345,000
possible refunds on returnable unsold
in dealers' possession.*!..!—
Unearned
$547,181
$0.25
share—>
$0.28
$0.21
provision for estimated Federal income
per
taxes and all
tion,
! 323,984
.
197,193
_____
....
patterns
Miscellaneous
$60,000
$105,000
__
mort. note payable (payable $15,000 quar.)
for
share
per
profits
excess
13Wks.End. 14Wks.End.
....
liabilities
—
——
„
1944
$562,460
1945
—$733,168
Amount
$7,458,806
loss and
•Net
90,954
$377,359
Continental Baking
Liabilities—
Accounts
Note—As
railway
from
200,000
S5G9.517
Net
tFederal
$1,471,094
1,002,781
103,193
$8,396,595
♦Notes
1943
1,967,948
100,000
1,800000
Total
From Jan. 1—
Gross
152.700
1,800,000
♦Including mortgage
Net
52,692
.
_!______
Total
1945
/
1944
$2,737,465
$479,045
1
53,132
1945
1,479.325
taxes
to surplus—
$1.77
Earnings per share.
—V, 161, p. 1421.
March—
692.740
455,113
(& Subs.)—Earnings—
$2,058,370
'•
—
income
carried
tBalance
2,112,956
1
copyrights
Common
Net
753,909
2,162,316
titles, subscription lists, trade-marks,
and goodwill—.___._
Magazine
p
of America
—
Fed.
for
.♦Provision
refund of excess profits tax.—
Prov.
$2,350,000
1,600,000
50,000
>
161,
1877.
Approp. for war & post-war reserve
paper
Post-war
Dec. 25, '43 Dec. 26, '42
$2,125,000
.
9,009
2,814
profit
♦Prov.
786,860
4,321
■
stk. work in process, patterns
'and supplies (at cost which was aprox. market)
IIReal estate, mach. and. equip, (at approx. cost)
Invest, in and advances to foreign sub. cos.__
Guarantee and other deposits————
$4%
(& Sub.)—Earnings—
:
;
profit
and
Invent,
Other
Columbia Pictures Corp.
Operating
450,000
12,613
788,480
notes
—
Electric Corp.—Estimated Earnings
Columbia Gas &
Net
775,000
securities, at cost—
at cost_.______—
receivable, less reserves.—.
Officers' and employees'
accounts
Amt. receivable for sleek delivered on options.
Victory Bonds,
and
Accounts
tax—V.
Container Corp.
$1,245,842
States Government
United
profits
excess
3 Mos. End. March 31—?;
1943
$1,506,892
—_——
Canadian
$0.72
$1.10
1944
Cash
247,245
■
325,335
31
Assets—
Net
♦No
$235,244
$368,053
325,335
$476,997
335,299
$1.42
—
(no par)_
78,424
223,172
250.000
income
Net
$426,244
636,150
_
$1,187,291
82,888
Prov. for inc. & excess
1944
'
8,497,287
$1,637,304
1943
$1,004,203
shares
share.
$8,873,463
92.128
sources
Earnings
31
$1,579,997
Outstanding com.
*1943
purchased).— $12,122,134 $10,621,258
from other operating
and
Total
$1.47
,
taxcs______—1,103,000
charges——.——..—
income
Federal
.
.
1944
coal
Depletion
Quarter
for
Earnings
-Earnings-
1945
(incl.
public
Oper. exp., taxes, insur. & royalties
♦Including depreciation of $156,138 in 1944 and $176,490 in 1943.
:
-Earns.
213,000
expense.!——
etc..—
claim
of
to
income
Other
19,917
4,577
23,395
67,320
182,431
.26,464
;
debt
of
Co., Inc.
1943
Total
:
1, next; through
...
foreign exchange,
on
371,644
System, Inc. (& Subs.)
Columbia Broadcasting
June
on
sources:
r
$2,381,939
retirement plan—140,000
1.
Amortization
Earnings
,
J—$4,250,571
Interest
2,117,437
614,536
3,152,841
1,259,136
768,449
3,836,634
1,480,586
791,517
3,776,988
1,285,364
632,335
railway
income.—
—V. 161, p. 1876.
Net
'
285,416
!.■!!! 7!.;;
-
railway.
from
455,542
529,469
71,882
income'
Fed, excess
1942
$794,979
268,427
184.015
$1,111,428
$1,287,338
coal
of
Gross
$2,341,115
40,824
$4,173,689
...
___
Payments under pension
Coal
Quarters Ended March 31—
Coal
Federal and
1943
1944
1945
$1,410,759
576,856
309,677
„
railway.*—
Net from railway—c—Net ry. ©per. income--from
Cross
profit.—..——
operating
Other income
Settlement
-Earnings—
Colorado & Southern By.
'
corporation has called for redemption
produced
$2.11;
corporation reports a
after taxes and charges, equal to $1.40 a share
as compared with $663,225, or $1.17 a share for the first quarter of
1944.—V. 161, p. 1093.
the
For
with
decrease
a
.
:
,
1,316,920
Total
Local dis¬
compared
year;
"
♦Production, selling, general and adminis, exps.
3,003,527
Federal and State taxes and contingencies.--*.
1944
*
subscriptions, newsstand sales, ad¬
vertising, patterns, printing, etc——— $13,22,7,948 $10,433,038
$43,290,663 $42,039,719
Net sales and operating revenues
;>.^i
last
'
Income from
1944
1945
1877.
197,800,000 kwb.
15.5%.
kwh.,
operation of the sinking fund, $750,000 of 15-year convertible 3 y2%
sinking fund debentures due June 1, 1951, at 101 and interest.
Pay¬
ment will
be made at The Chase National Bank of the City of New
York, trustee, 11 Broad Street, New York, N. Y.—V. 160, p. 1966.
-
(Including Domestic Subsidiaries)
'
The
Conde-Nast Publications Inc.—Annual Report—
(& Subs.) —Earnings—
Colorado Fuel & Iron Corp.
9 Months Ended Mar. 31—
of
Consolidated Oil Corp.—Partial Redemption—
$2,367,505; deficit of
$62,064,348.—V. 161,
capital surplus of subsidiaries since acquisition,
Community' Water Service Co., $884,617; total,
v';;;
:
•
.<
17.4%:.—V. 161, p.
of
received
be
"
876,
P.
stockholders to
the company may invite
with its sale,
In connection
,
with
the
tribution
$220,670;
ments,
foregoing
,
1945,
for
deferred
proposals, which it is reported have the support of
holders representing a majority of outstanding stock, would result in.
a
total capitalization to be outstanding of 40,000 shares of preferred
stock and 400,OOP shares of common stock.
'
The
,
amounted to 167,100,000 kwh;, compared
corresponding week of 1944, a decrease
of electricity amounted to 163,300,000
197,600,000 kwh. for the corresponding week of
ties, $2,020,091,* customers' advances for construction, $491,063; other
liabilities and deferred credits, $77,938; reserve for deprecia¬
tion and retirements, $7,070,400; reserve for property account adjust¬
time capital, plana to Issue and sell 20,000 shares of such preferred
stock to Goldman, Sachs & Co., New York City, Paul H. Davis Sc Co,,
Chicago, and Stern-Brothers & Co., Kansas City, investment bankers,
lor distribution to the public some time in July.
Monday, May 7, 1945
tOn 600,000
-
-
$1.66
no par
^
Volume
Corn
161
Number 4383
from
Other
income
$5,853,260
income
300,051
235,102
1,325,000
1,460,000
288.033
356,936
230,000
2,795,000
4,050,000
405,000
405,000
375,000
375,000
$2,212,377
$1,701,517
$2,133,609
$2,151,344
tax,
Depreciation
Net
income
Preferred
_______
divs.
(1^4%)
430,031
430,031
430,031
1,641,567
1,641,567
—$140,779
t$370,080
$62,012
$0.67
:
share,
com.
^Deficit.—V.
161, p.
Net
$0.70
-
other
Good
15,946,657
300,000
11,200
than
85,589
——_
taxes
of railroad defense proj. (5-year basis) >
on railroad fixed property
depreciation and depletion charges—
'
•
■
'«
*
*
'
*•'■..
Net
'
provision for
k
•'
income
1,794,637
security
Gross
31513,712
income—
2,660,809
Net
from
Net
ry.
653,559
profits taxes.—V. 161, p.
excess
$1,637,056
Hudson RR.
&
'
March—
590,227
82,640,194
taxes
"1
I_II
f
**...
."
1945
1944
$4,540,119
$4,234,571
1,244,536
1,396,969
611,188
697,911
853,457
$5)
income
Approp.
as
from
operations.
for conting.
res.
__
and post-war adjs.
*.
*
834,106
from
•
oper.
Balance
of net
Preferred
income,
:t,
r
Common
..
'
*
.
1943
"
'
1942
-V.
Net
$1,637,056,
506,271
.
dividends
from
railway_b—12,106,483
161, p. 1769.
Quarter
for
$3.74
*
$2.18
'• *
■'
Jh
.
V
sales
Profit
after
Federal
1945
$14,197,228
.—1,419,146
charges—"
income
and
profits
excess
1,245,935
--733,211
923,405
tax————'
income
Net
Common
$495,741
$512,^24
126,568
.—
dividends,—,.—
Salt Lake Ry.
■'•"••
No.
of
517,625
share—
per
:
517,625
$0.71
Assets—Cash
due
banks
in
receivable (after
and
Total
Sheet, Dec. 31, 1944
:
'
within
due
one
surrender
cash
$62,119;
..Dividends
insurance,
life
v'
273.218.
'
Balarice
Sales
stock
of
Cost
Net
Other
the
At
As
/
12,687
;j?..
....
Light
Fed.
refund
of
taxes
Net
$496,476
i—
Earnings
share——_——
$0.58
—
capital
per
Sheet,
Balance
1
Assets—Cash
securities
amortized
(at
accrued,
and
sundry
post-war
utilities,
and
hand
on
in
Jan. 27,
banks,
$91,976;
accrued
Federal
taxes
interest
of
$605,800),
purchase contracts,
$2,708,743;
for
$4,909;
U.
8.
160,
to
stock
common
and
notes
savings
ering
March
30,
an
entered
Inc.,
the
2%%
of 20-year
underwriting
into
a
firm
a
headed
(par $1),
$850,000;
registration
to
commitment
surplus,
total,
'
.
:
a
group
of
the
debentures
sion
as
ment
for
additional
be open to
may
y
that
shows
are
while
desirable
this
it
is
order
not
that
possible
such
to
expan¬
expansion may
one
least
in
the company will not be retarded.
The state¬
include substantial expenditures
that
shows
at
funds
new
manufacturing
plant,
for
additions
to
existing
and equipment therefor and that it will require substan¬
tially increased amounts for inventories and for carrying a larger vol¬
properties
ume
ers
of
and
receivables
to
in
farmers.
connection
However,
with
the
the
financing
company
makes
of
no
sales
to deal¬
representation
that the proceeds of the financing will be used for any specific purpose.
with
underwriting
group which has agreed to purchase the debentures are: Blyth & Co.,
Inc.; The First Boston Corp.; Lazard Freres & Co.; Mellon Securities
Associated
Harriman
Ripley
&
Co.,
on
sale
Inc.,
in
other
$151,266;
161,
p.,
—
Income
1422.
$3,386,273
1,061,454
799,916
16,851,817
16,040,543
9,396,613
'5,423,710
6,811,593
2,762,822
3,085,8i6
3,944,662
1,974,441
$6,010,397
1,943,205
1,092,438
'
*
*'•'
17,149,742
5,697,162
3,402,419
2,310,754
,
1942
1943
$5,907,792
2,646,454
the
(& Subs.)—Earnings—
returns'and'allowances
products.sold
—
less
of
Balance
1944
1943
$19,392,435 $19,179,470
11,688,055 11,957,894
—
".*
" $7,704,380
operating' income—
144,309
..J Total"——
Gross
'
Other
profit
income
.*
.
-
»_i..—1—1,—«————-—
—-—■--«—»■
————■—?
$7,353,994
4,149,949
$3,447,358
...
Selling, admin, and general expenses——
$7,221,576
132,418
$7,848,689
4,401,332
—
;
9,970,643
after interest charges,.
^5,163,968
capital shares..
6,361,300
per shares
—$0.81
13,863,974
12,979,208
9,036,790
8,235,350
6,361,300
6,367,300
$1.42
$1.29
maintenance,
161, p.
33,461
$3,487,891
$3,237,506
deductions,;—:—
——15,253
*Prov. for U. 8. and Canadian taxes on* income
2,711,895
$760,743
1,635,330
$711,388
1,370,217
Total
income
——-
*—
-
Other
———
earned
-
surplus—
—
—
surplus
on
Dividends on
Dividends
on
prior preferred stock
"A" common stock—
$2,081,605
$2,396,073
——
242,560
debenture stock
246,560
.
104,160
84,313
—.—104,160
111,407
Dividends on voting common stock—
15,588
-
11,242
*
After
years
crediting approximately $40,000 form
$1,922,358
over provision
$1,635,330
for prior
including provision for possible refund of excessive profits,
1944,
:.
,
NOTE-—For
mechanical reasons it is not always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
Detroit & Mackinac Ry.—Earnings—
March—
Gross
from
Net
ry.
1943
$84,787
$81,161
$73,460
12,372
14,429
13,727
20,684
3,637
6,486
3,292
12,669
233,392
202.198
39,982
49,201
25,123
income—_
oper.
from
■' V
-•
' '•
railway—
24,550
income
2,264
1422.
'
.
tEarnings
(& Subs.)—Earnings—
1945
'
share
per
$0.51
depreciation, Federal income and excess profits
shares of capital stock.—V. 160, p. 2293.
"After
tOn the
Detroit Toledo & Ironton
from
Net
ry.
$810,865
488,686
370,264
190,060
271,897
196,733
2,867,971
2,632^13
2,727,691
2,395,710
1,385,270
1,253,451
684,328
1,749,363
,786,344
1,133,832
•'
railway
744,866
income—
oper.
•
$917,626
255,100
income—
railway
from
1942
1943
1944
$822,985
452,461
234,845
railway.:
oper.
Net ry.
etc.
RR.—Earnings-
1945
from
Gross
$0.63
taxes,
$956,l259
railway.—
from
Net
Net
$131,579
206,250
March—
Gross
1942
1943
$99,206
$0.48
1944
*
$118,272
$0.57
$210,662
profit
13,193
V
Detroit Steel Corp.
.3 Mos. End. Mar. 31t~
.*
224,055
21,805
2,576
235,757
railway—
oper.
—'V. 161. p.
"Net
1944
$90,378
railway—
railway
From Jan. 1—
Gross
1942
1945
from
Net
.
605,079
—V. 1G1, p. 1422.
Shoe Line RR.—Earnings-
Detroit & Toledo
March—
Gross
•
,
1945
Net
ry.
3943
1942
$449,375
$471,614
$363,371
255,647
299,187
193,173
railway——
261,167
income—
65,600
66,723
123,756
69,816
railway—_
1.268,096
1,323,542
1,274,630
1,160,163
railway-—,--
from
Net
1944
$457,551
..
frojn railway—
707,160
755,267
782,759
654,763
income—
1540.
189,520
200,202
293,015
256,043
oper.
From Jau. 1—
Gross
from
Net
from
Net
ry.
—V.
oper.
161.
P.
Devoe
N.
Raynolds Co., Inc.
&
sion—
has
Y.—Further Expan•
•
that this company
Laboratories, Inc„ of Detroit,
Phillips, President, on May 1 announced
35-year-old
the
acquired
Truscon
Mich.,
specialists in the manufacture of water-and-damp-proofingj
products.
R
A. Plumb, first and only President of Truscon Laboratories, will
division of Devoe & Raynolds,
G. L. Turner, Vice-President and
production superintendent, and J. J.
Super, Vice-President and Treasurer, will also remain.
The general
policies of the former company will be unchanged, Mr. Phillips said,;
Truscon
Laboratories, with a nine-acre plant in Detroit, and
14
branch offices in the United States, reported sales of $2,300,000 in
1944.
It evolved from a cement testing division established in 1906
for the Truscon Steel Co., then known as the Trussed Steel Co.
As
part of its consultation service in connection with reinforced concrete,
the division in ,1910 began to develop water-proofing products which
filled a need in the construction field.
In 1S36, following the merger
of the
Truscon Steel Co. with Republic Steel,
Truscon stockholders
acquired the laboratories and set it up as an independent company.
Devoe & Raynolds last year reported sales of $20,743,322.—V. 161,
p. 1877.
:
;
i
the
and
sales
President
as
other
manager;
R.
E.
the
of
Truscon
including
officers,
Madison,
Dictaphone Corp.—Earnings—
1944
1943
$487,425
$3.25
$422,111
Calendar Years—
Net
depreciation and taxes, etc.—
income after
Earnings per common share
Consolidated
counts
reserve
$913,707;
receivable
$1,238,955;
(after
inventories,
for
Balance
Sheet,
Dec.
$2.76
31, 1044
securities,' at market prices, $10;,788; ac¬
for doubtful accounts of $75,395),
post-war refund of excess profit#
reserve
$2,360,274;
equipment, at cost (after
$537,332;
deferred charges,
land, buildings, machinery and
depreciation
of
$806,400),
$43,568; patents and trademarks, $1; total, $5,194,126.
Liabilities—Accounts
foreign
taxes
on
payable,
income
and
for
$257,762; provision for Federal .and
renegotiation, $664,000; acgrued lia¬
capital:; 8% pre¬
bilities, $550,059; reserve for contingencies, $300,000;
ferred
Balance at end of year
Federal income and excess
$14,825,000; 1943, $12,510,000.—
also
order.
tax, $89,500;
Total
Dividends
;
:
Assets—Cash,
Profit
Previous
$6,868,000;
1422.
25,635
2,500,483
.
1945,
depreciation,
possible
$3,204,045
40,534
1943
12,869,905
taxes:
profits
continue
"
1944
1945
$83,314,590 $91,695,519 $79,365,689
oper.__
13,758,843
Elliott S.
1,5*4,635
1,398,227
$5,292,978
*
income_'„*
railway—;.
ry, "oper.
Other
as
bjanks for the private sale of $10,500,000 of notes ma¬
.
accrued,
1944
1945
railway
;
forecast specific financial needs of the company in the post-war period,
nevertheless
from
from
Sales,
registration statement cov¬
April 1, 1965.
On
by Harriman Ripley & Co.,
purchase
interest
Dennison Manufacturing Co.
statement becomes
turing serially through 1952.
The registration statement
premium
Rio Grande Western RR.—Earnings—
Years Ended Dec.^^31—
,
with
$4,000,000;
"
{ '
funds.to provide for future requirements." To provide
remainder, the company expects ,to enter into an agreement
the
(par $100),
liabilities,
railway—
oper.
Net
000,000 of new
for
'*
.
$2,458,043;
accrued,
accrued
railways
from
ry.
—v.
$200,000;
'•
.
effective.
•;
^.Financing through the sale of the $19,500,000 of debentures is part
of a program through which Deere plans to raise approximately $30,as
soon
stock
From Jan. 1—
debentures due
group,
1944
31,
Dec.
utility
9,730,350
From Jan. 1—
Sheet,
depreciation,
Net
accrued
$19,500,000 Debentures—
with the SEC April 26,
$19,500,000
result
employees' stock
on
/
Deere & Co.—-Registers
Company filed
actual
the
Balance
*
from
Gross
Net
'> Net
Cost
•
Co.
the
property,
taxes
for
March—
Gross
deposits
1398.
p.
United Gas Improvement
procedures to comply with
by
company's
stockholders,
Denver &
taxes payable and accrued,
tax
$1,946,478;
owned
was
latter
stock.
and
Cso. (& Subs,)—Earnings—
from
of
"After
,
$3,015,797;
depreciation of
leased
property,
for post-war inventory adjustment,
reserve
$7,225,903.—V.
(after
income
on
Co.
Service
$37,383; deierred
credits, $702,318;
$9,350,434; reserve for plant acquisition
and plant adjustments and amortization thereof,
$2,107,534; reserve
for injuries and damages, $46,433; other reserves, $7,304; contributions
in
aid
of
construction,
$364,635;
earned surplus,
$885,428;
total,
$51,836,727.—V. 161, p. 206.
*,
"
$308,791; deposits on merchandise, $2,776;
liabilities,
thereon
Public
Shore
S.
inventories,
property,
plant
and equipment
(after, reserve
$220,545),
$570,412:
unamortized improvements
$111,526; total, $7,225,903.
payable, $1,112,230;
Eastern
preferred stock, $112,760; common stock (par $13.50), $15,695,100;
debt,
$15,000,000; accounts payable, $459,206; dividends
$333,819;
matured
interest,
$1,905;
customers'
deposits,
reserves
refund, excess profits tax, $553,480;
deposits with public
$600; prepaid insurance, taxes and other expenses, $119,124;
Liabilities—Accounts
$1.18
$319,610;
$117,159;
Government
receivable, trade,
U.
accounts
merchandise
$40,538;
$1,128,923
$0,97
$1,369,394
——
long-term
V-
1945
$1,515,541;
value), $1,298,885;
160,000
—
stock
subsidiaries,
Liabilities—Preferred
$0.56
paid
—
..
127,502
surplus
to
255,108
income
Earnings
$1,327,139
198,216
$1,529,394
plant and equipment, $43,520,918; Jnyestcash on hand and demand deposits in
banks,
$1,876,482;
special deposits, $114,463; U, S. Government securities,
at cost, $4,015,000;: accounts receivable
(net), $989,779; interest and
rents receivable,
$24,494; materials and supplies,
$489,340; prepay¬
$125,539;
deferred
debits, $303,828;
capital stock expense,
ments,
$52,274; total, $51,836,727..
-
$480,095
127,502
transferred
profit
600,446
stock
Consolidated
1,263,500
I'm, 624
312,908
income
Number
$2,501,874
1,174,735
$2,129,840
May 18, 1944.
As a
Light Co. ceased to be
V preference
current
1
Dividends
9,176,152
declared,
———
Total
$2,500,760
1,114
mailing of certificates occurof this distribution, Delaware
Power &
a subsidiary of UGI and its common
stock is now held
by approximately 54,500 stockholders, of which
one,
United Corp., owns approximately 26 Vo.
The latter company
has, however, filed with the SEC an application for approval of a
plan under which it would offer to exchange such holdings of Dela¬
ware Power & Light Co. common stock together with a stated amount
of cash for a limited number of outstanding shares of United Corp.
$1,743,595
1,311,379
profits tax—.
excess
10,595,432
$2,108,239
of common
the
UGI
to
about
ing
after post-war
income
on
taxes
deductions..;
Co.
in
step
one
of
$1,807,855
profit
for
Prov.
i
in the "Eastern Shore" area of Maryland and Virginia*",'*
beginning of 1944, all of the common stock of Delaware
&
direct
7,181
:
"1943
1944
requirements of the Public Utility Holding Company Act, it distributed
the common
stock of Delaware Power & Light Co., which it held,
8,988,145
276,405
240,035
from
principally
$1,736,414
net———
income,
Net
10,187,337
profit———
178,765
245,520
"Operating income
ry.
ments,
$1,795,168
goods sold and operating expenses—__
operating
172,944
income
earnings
Net
two
636,791
1422.
Detroit Edison
Net
of
59,611
832,839
<
railway—____
p,
of
Power
$11,982,505 $10,724,559
—
"
—
share
per
94,456
830,406
12 Month's Ended March 31—
-
21,601
preferred
on
1942
.
railway
oper,
161,
Maryland and Eastern Shore Public Service Co. of Virginia which
supply electric service and incidental gas, ice and refrigeration service
the
Jan. 27, *45 Jan. 29,'44
—
ry.
Gross
C
Ownership—Company was recapitalized in October, 1943,
and as now constituted is a public utility company supplying gas in
and around Wilmington, Del., and electricity substantially throughout
the State of Delaware.
It is also a holding company owning all of
:
'
r 2,920,915
;
Assets—Total
Inc.—Earnings—
6 Months Ended—
~ 1,993,717
Corporate
""'V:.'-'
due on Dec. 31, 1945, $900,000; accounts
payable for materials, expenses, etc., $3,018,230; due to oiher subsidiary
companies, $254,741; accrued taxes, interest, salaries, wages and otherexpenses, $747,064; Federal taxes payable on income (after U. S. Treas¬
ury
tax notes amounting to $902,000), $2,752,640; sinking fund pay¬
ment due on Oct. 31, 1945, for retirement of 15-year
debentures,
$150,000; 15-year Vk'h debentures, due Oct. 1, 1955, $14,400,000;. de¬
ferred income, $18,282; reserve for liability insurance, $91,659; reserve
for contingencies
and post-war adjustments. $450,000; capital: $2.25
cumulative preferred stock (225,000 shares no par at stated value of
$42.50 per share), $9,562,500: common stock (531,242 shares at stated
value of $5 per share), $2,656,210; capital surplus, $7,922,539; earned
surplus, $12,616,082; common stock (13,617 shares) in treasury, at cost,
£>r$266,728; total $55.273,218.—V. 160, p, 2756.
payable,
Davidson Bros.,
4,415,929
1,882,565
Balance
sundry investments, $269,878; post-war refund of Federal excess
Liabilities—Note
6,483,314
—„——
due from other than cus¬
of
value
4,855,634
(net)—
Net. income
$283,923;
profits
tax, $30,961; investment in Crown Cork International Corp., substan¬
tially at cost, $1,459,707; land (including $383,771 for land not pres¬
ently used in operations), $1,269,784; buildings (after allowance for
depreciation of $2,594,292), $8,533,499; machinery and equipment (after
allowance for depreciation of $12,522,625),''$16,283,002; plant, construc¬
tion in progress, $647,004; patents and patent applications, at nominal
amount of $1 for items acquired prior to Jan. l, 1937; at cost for items
acquired (after allowance for amortizations of patents of $163,811)1,
$436,966; debenture expenses to be amortized, $84,544; total, $55,tomers),
15,859,1/68
Light Co.—Earnings—
and
expenses
$89,300; inventories, $16,120,466;
(including $26,522
year
18,972,717'
from
—V.
$12,703,671 $11,676,912
other
from
Net
824,163
*
Gross income
and
.
1,696,650
Years—
income
income...
oper.
Net
1942
1,271,533
operating, revenue—,—
Interest
prepayments, $489,907; notes receivable, not due within one year (after
allowance for doubtful items of $90,000), $122,253; accounts receivable,
not
Gross
V.
doubtful items of $657,383),
from other subsidiary companies,
764,633
2,693,969
-
revenues
operating
Other
hand, $3,713,772; notes and accounts
$5,376,131;
on
allowance for
78,048
$5,594,393
$0.75
—
Operating
Net
Balance
81,465
ry.
Net
'-Adjusted.Consolidated
Net
'
Delaware Power &
$256,751
shaies—
common
Earnings
■i'
$110,363
—
2,002,173
$7,022,176
p.. 1540.
161,
35,664
57,383
19,364,160
18,151,076
: 3,247,137
ry.'- oper;' income— ;; 1,209,605
—V.
$178,346
83,905
Net Trom .railway—
■
Gross., fpom
railway—
Net'from railway^-^?;'
*'.
1943
$273,772
58,016
3,325,096
1943
822,312
-'v*-
,
1944
$271,252
$254,138
RR.—EarningSr-r
1944
1,892,151
Calendar
Surplus
1945
2,059,210
129,405
258,810
-----
—
1,940,351
railway-.-.*.;.**
from
253,593
-Earnings—
1945
from
From Jan. 1—
From Jan. 1—
;
1,635,330
$10,906,450 $10,943,909
railway
126,568
——
dividends—
2,644,236
$6,817,886
Net
Preferred
.1,159,574
$7,109,769
Net
:.*1944
■•*.• .v.-
___
:
.
Net;; ry; oper.c Income— .^.1,362,928
r
►
.
-
$16,043,314
.
3,?75,413
railway—*.-
Gross .from
(Including wholly owned domestic subsidiaries)
-
Net
3,634,924
Delaware Lackawanna & Western
:"
706,162
161, "p. 1354.
Gross
'•*
31
March
Ended
376,590
706,162
1,922,358
„
Denver &
10,160,927
2,350,959
..
.
March—v
Earnings
11,333,549
388,216
■
*:
13,002,940
railway-——.
Ne( ry, oper. income.—
—V.
868,000
1,451,395
376,590
(Dr)
March—*
'
"
506,270
"
517,621
Earnings per common share—'
lrr-.
______
■
$2,440,194
_
dividends
From Jan.
Gross, from
200,000
■
.
868,000
1,451,395
1
"
Net
3,082,000
$50)
249,401
(par
cost
1,005,973
3,082,000
!—
(par
$5)—
(par
—
at
564,545
453,067
(net)
^.C._■
stock
507,507
745,679
1,565,201
income—
stock
stock
surplus
Treasury
$3,974,173
1,226,220
income
stock
(par $100)—
preferred stock, convertible
common
$1,000,000
550,601
common
Total
$4,612,131
$1,000,000
expenses,
debentures
prior
A
'
payable
Earned surplus
Corp.—Earnings—
railway—.
301,361
$10,906,450 $10,943,909
1
on
Capital
■■
railway-^—
1
.
300,672
—
Voting
$2,395,561
1877.
2,559,694
1
—
payable
Class
')>■'
■*!'. ■■MI J. r
$476,670
Delaware
6,980,362
2,092,269
8,602,101
1___"
M'l
706,749
2,288,020
(net)
miscell.
$3
1943
$62,842,150 $53,506,813
on
—
taxes, wages and
S,.and Canadian taxes
8'&
669,616
116,875
I
2.607,985
92o!945
equipment
charges
Accounts
686,013
"NO
.
taxes
703,956
144,726
Corp., are as follows:
depr-ec., Fed. taxes, &c._——
and
Accrued
$3,868,065
634,440
592,715
2,427,405
Liabilities—
Notes
1,119,635
$1,959,792
_—
2,008,034
(net)-.
assets
Total
99L340
905,370
Depreciation
1944
Depreciation
998,313
;
_______
"
before
income—
on
will
Deferred
$6,364,629
493,000
income—
other
plant
16,486,207
Other
-
-
on
taxes
charges
Balance
^
Seal Co., Inc.—Annual Report—
&
Cork Specialty
Federal
1944
receivable
(net)
U.
1540.
operations of company and its wholly-owned, domestic
Crown Can Co., Western Crown Cork & Seal Corp. and
subsidiaries,
Social
1945
$20,314,332 $22,850,836
$4,367,675
for Federal taxes
income
accounts
Inventories
1943
$1,747,999
1,201,898
demand
deposits
S. and Canadian obligations
Property,
31
$1,814,002
2,372,877
and
Investments, and
,
Dec.
1944
hand
on
Notes and
which see
subsidiaries,
revenuse
Fixed
results of
Prolit
its
__
"Provision
Amort,
Crown Cork
Sales
and
J.
Canadian
'
Crown
Co.
$0.68
pre
..The
(& Subs,)—Earnings—
Coal
__________
Taxes,
.
Hudson
Expenses*;—
$$176,197
$0.50
Gross
1,897,500
dividends
Surplus
Earns,
of
Quarters Ended March 31—
430, U41
1,641,566
Comparative Consolidated Balance Sheet,
Assets—
Cash
below)
375,733
2,085,500
Delaware & Hudson Co.
(Includes Income
*2,085,000
230,512
inc.)
1995
Co.;
U.
$9,037,076
1,285,300
&
,
271,785
$7,120,546
tax____
than
profits
Common
1942
$3,949,549
Barney
FINANCIAL CHRONICLE
Merrill. Lynch, Pierce, Fenner & Beane;
Shields & Co.; Union Securities Corp.;
Harris, Hall & Co. (Inc.); and
Bacon, Whipple & Co.—V. 161, p. 1540.
.
t
$8,765,291
365,429
(other
Excess
1943
$6,835,443
$5,218,689
income,
Normal
Taxes
1944
$3,649,499
1945
operations.
Smith,
Corp.;
Products Refining Co. (& Subs.)—Earnings—
3 Mos. End. Mar. 31—
Prolit
Total
THE COMMERCIAL &
-
no
stock
($100
par),
$1,084,500;
common
stock
(1,150,000 shares*
par), $500,000; earned surplus, $2,134,905; preferred stock f83a»
held ixi treasury and preferred stock (2,139 shares) acquired
shares)
for
sinking fund, at
par,
Z)r$297,100); total, $5,194,126.—V.
161, p. 1873,
Total recovery
;
■(
1944
1943
1942
$1,368,568
498,546
114,313
$1,507,229
$1,862,699
393,951
113,849
604,837
106,803
720,072
156,885
$507,800
$0.26
$612,858
$0.31
$711,640
$0,37
1Q45
$1,216,840
******
•Operating profit,
....
Non-operating income—,.
26,
ended "April
week
the
For
the
1945,
of client
operating companies, of Ebasco Services, Inc., which are subsidiaries of
Power & Light Co.,
Electric Power & Light Corp., and
the corresponding week
American
follows (in thousands of kilowatt-hours):
1944 were as
■
Increase
profit
:
share—
per com,
•After
outside
and general costs, taxes,
depreciation.—V, 161, p. 1094.
development
off
written
and
$835,957
$0.43 >'/ Operating Subs, of-—
American Power & Light Co.
exploration
Electric Power & Light Corp
National
•Decrease.
Duluth Misabe & Iron Range Ry.—Earnings—
Net
from
Net
ry.
1942
$699,277
—
•1,031,557
• 1,027,438
•868,258
income—
•1,083,626
•1,111,423
•906,629
oper.
576,867
*2,618,590
•2,677,690
990,922
694,256
*3,011,274
*3,141,964
683,226
•3,034,669
*3,170,062
—
income—
ry, oper.
•Deficit.—V. 161, P.
106,727
91,623
f?'A;
X AA,■ A
Oil Works
El Dorado
*1,470.652
•1,708,774
Net
profit
Depreciation
profit——
1422.
Ry.—Earnings—
1945
1944
1943
1942
$377,388
$354,145
106,514
$288,933
106,948
41,649
railway
from
railway
from
Net ry.
Condensed
$350,306
73,164
77,003
77,527
30,693
836,123
110,295
March—*
Net
.
income-
oper.
Assets—
60,917
Prom Jan. 1—
Net from
Cash
959,617
129,363
railway******
1,105,859
297,375
911,241
182,223
209,873
104,439
52,050:
Net ry. oper. income—
—V. 161, p. 1541.
$138,233
and
Advances
on
181,055
flaxseed*.
Fixed
plant and equip, (less deprec.)—
charges***
refund
has called for redemption on June 1, next. $140,000
Of 15-year first lien collateral 4%* bonds, series A, due Aug. 1, 1948,
at 100 and interest.
Payment will be made at the City Bank Farmers
Trust Co., trustee, 22 William Street, New York, N. Y.—V, 161, p. 668.
The
Total
payable to bank—
payable—trade—
Reserves
for
antees
and
5,545
1,555,082
renegotiation
4,030,850
4,097,703
payrolls for taxes and bondspayable
—
Reserve for contingencies—_*;**
5j/2% cum. conv. pfd. stock (par $50)———
154,246
148,231
17,330
taxes on inc. and
Reserves for est.
Withheld
from
surplus-*——_——
surplus
———
Total
at cost
.—_—*—*—*—
Service
Engineers Public
consolidated
for
income
taxes—
and depletion
Depreciation
Interest
profits
excess
and
2,393,791
prior pfd. stock—*
$3,069,123
1,108,729
dividends——
$2,223,762
$1,960,394
preferred stock—
$5.94
$5.24
.*
Dividend require,
——...——e————
VsVe
on 4
$3,065,246
Electric
Paso
El
Co.
Operating
Operation
share of 6%
—V. 161, p. 1654.
per
*
Federal
Other
A:
14,900
23,897
20,717
78,934
288,978
829,490
31,685
—————
Depreciation
$3,849,729
1,271,824
181,869
82,643
———
$330,013
109,934
30,200
371,782
$75,326
$905,784
——
income
taxes—
taxes
—
1945—12 Mos.—1944
28,030,953
22,353,861
318,169
407,256
368,832
403,247
4,928,903
5,603,509
3,884,465
73,914
45,494
807,218
252,497
1,288,846
432,811
1,079,603
404,515
14,835,150
5,712,620
12,572,303
4,764,962
5,147,806
acquis.
———
taxes-
taxes
——„
revenues-
oper.
$1,154,360
(net)—
Ur8,933
$848,339 $13,467,146 $11,362,403
7,642
20,738
150,735
$1,145,427
$855,982 $13,487,884 $11,513,139
Balance
1944—12 Mos.—*1943
$343,633
109,086
14,142
Subs.)—Earnings—
$3,153,827
(Texas)—Earnings—
1944—Month—*1943
revenues.
(&
$5,009,112 $73,385,502 $60,338,302
1,859,079
—
income
Federal
Net
Maintenance
before State taxes on
Balance
Earned
1,102,879
adjustments
155, p. 1212.
Period End. Dec. 31—
income-——.
Net
1,682,633
1,106,355
Other income
2,881,780
$3,332,491
1,108,728
discount.—
debt
-V.
5,125,339
5,459,528
•—
;_**—.
134,301
Co.
2,003,643
—...
Depreciation
Amort, of plant
1,676,675
——*———*
$20,027,552 $18,108,685
1945—Month—1944
$5,679,001
revenues-
Maintenance
208,663
Total
.
income—.———.**,
and
Operating
150,000
shs.)_
1,783,902
214,913
3,081,405
Dr21,372
3,380,501
161, p. 1878.
Other
1945
1944
$15,857,953 $15,970,944
4,672,143
4,894,702
12 Months Ended March 31—
(140,700
1,891,902
120,038
—
—————————
—.
——
$80,538
—
1,137~400
preferred stock retired in 1944—*
stock (par $10)——
.
Treasury shares,
43,798
—
taxes*——
64,309
160,000
2,500,000
7%
and
—V.
34,375
dividend
Preferred
Operation
stock
Surplus
Eastern Gas & Fuel Associates—Earnings—
Prov.
for
Capital
Total
Reserve
468,874
guar¬
309,533
penalties—
29,730
$3,153,827
—
costs,
$5>500,000
1,306,457
1,043,737
823,773
——
erection
contract
$5,500,000
-i**
388,130
1,083,659
92,734
*
payable
payable—**
248,001
$20,027,552 $18,108,685
——
Capital
Accounts
Notes
2,330,785
184,049
—;*———*,
liabilities———
Common
Liabilities—
company
2,455,463
**
———
-
Period End. February—
Service Co.—Partial Redemption—
East Coast Public
1943
$4,165,911
3,500,000
4,908,481
8,092,570
—
*.
taxes, etc., prepaid expenses
Total
Earned
14,686
442,734
1,503,456
21,346
48,326
Deferred
Post-war
1943
539,639
^*,_**
reserves)
(less
assets
Insurance,
184,274
258,917
*——
—/—*——****——**——
—_
Inventories—————-—*————_———
$159,004
*
—_
Billings on uncompleted contracts—;— 03,361,015 05,528,563
Estimated post-war refund of exc. prof, tax—
634,035
391,500
6%
*
receivable
Investments
Land,
70,675
1944
in banks*
notes
65,622
Balance Sheet, Dec. 31
"
hand and
on
Accounts
Inventories;
railway..—,
from
Gross
118,119
$126,192
70,475
Dividends paid (less paid to subsidiary)*;—
Gross
1943
124,186
—
hand
on
securities, at cost——*———
Accounts receivable, less reserve—^
Accrued
$321,974
————
——
1944
$1,942,510
5,503,125
5,967,122
6,702,263
-
banks and
Liabilities—
1944
—_***_—*********—*.***„—,—
above,
expenses
31
U. S. Govt,
Accounts
$319,244
68,866
—
taxes——__———
Income
Net
Duluth South Shore & Atlantic
Assets—
Cash in
any
(& Subs.)—Earnings—
********
Balance Sheet, Dec.
';''7'.AAA
Calendar Years—
;:
Gross from railway
Net from railway
V A *."
A".';
11.7
5.9
"1.2
19,385
5,413
*1,307
166,054
105,420
Co.
patents included in costs and
1944 and $244,394 in 1943.
n
Notes
•337,588
railway
185,439
97,036
/•'
Note—The above figures do not include the system inputs of
companies not appearing in both periods.—V. 161, p. 1878.
•238.290
Proih Jan. l-~
Net
;
$237,597
f $325,971
$334,098
rail way—i*
from
1943
1944
1945
March—•
Gross
Light
&
Power
Amount Pet.
1944
1945
of
amounted to $302,987 in
inputs
system
National Power & Light Co.. as compared with
during
Net
Darns,
amortization
and
Inc.—Weekly Input—
Ebasco Services
Ltd.—Earnings—
Dome Mines,
3 Mos. End. Mar. 31-—
Monday, May 7, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
*996
Interest
$3,707,991
1,292,259
185,628
287,508
751,756
370,105
—
amortization
&
330,841
Reduction
taxes
the
4,398,509
3,863,186
$542,966
$9,089,375
$7,649,952
'88,431
income
Fed,
resulting
from
of
amort,
313,016
$814,585
Net income
emer¬
1,170,796
263,964
$631,397 $10,260,171
2,260,488
$7,913,916
$7,999,682
facilities
gency
$5,769,306
143,248
'
Net
Eastern Masachusetts Street Railway—Earnings-
expenses
Ry.
$1,231,021
811,705
$1,157,701
767.853
—
operating
operating
264,684
247,028
revenues
Taxes
Other
1945—3 Mos.—1944
$3,626,114
$3,408,258
2,483,134
2,200,125
714,239
738,317
1945—Month—1944
period End. Mar. 31—
Ry.
income
Balance
Interest
$154,632
$142,820
$428,741
$469,816
3,235
■Balance
3,009
10,038
10,778
*——.;***
Preferred
5,672
(net)
4,397
25,369
$79,723
$931,153
$814,283
$82,177
—
—
*
and
Balance
Gther income
revs
$820,733
£>r6,450
$87,850
oper.
21,357
21,559
257,830
260,416
$66,492
$58,164
$673,323
$553,867
amort
—
-
dividend
requirements*
67,501
67,501
—
•Excludes operations of properties sold Dec.
31, 1943.—V. 161,
p.
309.
Balance
$957,833
dividend
Preferred
Amount
Gross
$157,867
income.*
corp.
$480,594
$438,779
$145,829
other
deductions
Depreciation
25,406
27,658
75,278
83,025
65,678
—
68,516
197,010
202,258
$49,655,
$166,491-
——*—„*
Calendar Years—
Gross
income
Provision
Net income
**-V. 161, p. 1878.
$66,783
$195,311
-
.*>
Cost
of
operations
refund
for
Profits
Control
■
dividends
operations
410,000
—.
1,309,938
84,155,213
1945—Month—1944
Period End. Mar. 31—
operating
(& Subs.)
revenues*—
569,112
Taxes (incl. inc.
165,227
67,306
taxes)
Gross
profit
35,817
163,666
598,295
Net
oper.
$197,749
$213,201
27,194
revs
—_***_*:
22,137
Retirement
$224,943
1,864,645
$2,375,399
3/11,442
$2,393,752
313,770
/
accruals
res.
$2,686,841
737,225
$235,339
61,800
63,255
$163,143
$172,084
36,482
36,433
3,175
2,625
$2,707,522
$1,949,616
442,564
18,615
Other
257,003
Int. and amort.—ii..—
Misc. deductions
income
accounts
■
759,100
502,619
22,313
Balance
to
minority
$1,423,489
77,652
77,652
-B.
Interest
$1,410,783
20,711.
...
interest—
Applicable to E. U. A.——
$1,325,913
Eastern Utilities Associates—
.
Earnings of subs, applic. to E. U.
Non-subsidiary income—,
above.
$1,325,913
209,131
232,368
...
as
$1,390,072
...
A.
$1,599,203
151,779
$1,558,281
146,146
$1,447,424
$1,412,134
—
Total
.
——
Expenses, taxes and interest—.;
Balance available for divs.
Annual
Federal
excess
....
:
.
.
.
cient votes under their control to obtain
annual stock¬
called April 30.
Over this committee's objection, the
stated, the President of the Association adjourned the meeting
to May 4 after taking a vote which the committee
challenged.
Other
adjournments were expected to follow.
quorum at the
a
holders' meeting
notice
following is taken
from the "Boston News Bureau":
profits
for
for the purpose of giving ample oppor¬
tunity to count proxies, stated Henry Guild, President of the Associa¬
tion, inasmuch as the Babson committee had submitted about 800
proxies.
"Prior to
adjournment there were 54,067 votes shy of a quorum, Mr.
Guild stated, whPe after adjournment the count was
20,478 votes shy.
This total, however, was exclusive of revocations submitted
by the
committee.
4,482
5,902,450
Cr589,650
post-war
1,000,000
contingencies—.
Balance, surplus
paid
A.
have the meeting
W.
the
a
member of the Babson
adjourned until June 7,
"Roger W. Babson,
declared to
Newell,
who
'Boston
was
News
not
was
present
Bureau'
that
committee, to
_
share,—
per
•Adjusted to give
War Profits
$2.75
—_
$1,780,758
927,031
$2.48
the meeting
group
in person,
which he heads
is
seeking to do all in its power to prevent or delay re-election of a
hoard of directors limited to the present
membership until the board
agrees to several proposals, includes the following:
"That Eastern Utilities Associates inform Stone & Webster that
the
present
management
contract
31,
Dec.
on
earlier.'
1945,
or
will
If
be
the
canceled
upon
managements
of
its. expiration
the
operating
companies are put on an incentive basis, there will
be, in Mr. Babson's opinion. a saving sufficient to
permit payment of annual divi¬
dends of $2 on the
common
and 50 cents
on the convertible stock.
present stocks be changed so that the
preferred position of the 'common' will be more
'That
the
names
of
the
clearly indicated.
'^ThatJ,the, board agrae 10 make
and/or
dissolution
shown
holders.
of final refund
on
contracts
Act.
Consolidated
Balance
Wfebster
be
in
a°y changes in capitalization
joint Interests of all stock¬
the
company
building,
have its office and meetings outside the Stone
and
tary and other officers,
that
men
hut
mutuary satisfactory to
holders/'—V. 161, p. 1423.
there
not
be
elected
connected
both
common
as
with
and
treasurer,
Stone
As
secre¬
Webster,
convertible
stock¬
income
$1,067,350;
contracts under
1943), $630,987;
advances against work in process, $1;326,007; reserve for general con¬
tingencies, $636,208; reserve for post-war contingencies, $4,500,000;
capital stock (par $3 per share), $2,154,675; earned surplus, $12,029,978; total, $31,862,865.—V. 161, p. 309,
$8,446,057;
Act
Control
provision
(includes
refund
due
for
$220,987
value
of
renegotiation,
on
for
and
President, announces in the company's annual
report,
;
///
" A';;S.
AAA:
A': ;
•>'
Deliveries of power plant equipment and accessories, including large
turbine
generator units and main propulsion motors for Maritime
Commission ships, amounted to $27,078,289, as compared with ship¬
ments of $24,621,819 in 1943.
All four of the company's manufacturing
plants established new production records.
for
Earnings
entered
during 1944 were $15,511,242, as compared to $13,106,581 for 1943, an increase of 18%
Unfinished business aggregating
$22,077,944 was carried forward.
•/ ...
Statement
of
Income
for
Calendar
$4,539,883
$3,514,430
p.
and
The
.
.——
2,153,057
2,256,084
—
$2,386,826
$1,258,346
$1.25
—
—*
—
stock
common
—
$0.66
surplus
per
share of common stock
1770.
RR.—Bonds Authorized—
ICC
April 25 authorized the company to issue not exceeding
on
of first consolidated mortgage bonds, consisting of $33,series F, $40,000,000 of series G, $5,500,000 of series H,
$4,375,000 of series I; the series F and G bonds to be sold at
$83,775,000
Of
900,000
and
and
99,389
funds,
be
accrued
interest,
and
proceeds
the
applied,
with
other
the redemption of outstanding bonds; the series H bonds to
99.33 and accrued interest, and the proceeds applied to the
to
sold
at
amount of secured serial notes;
as collateral security for $3,500,000
instalments of $500,000 annually on
each March 15, from 1946 to 1952, inclusive.
The report of the Commission states:
/
w
Invitations to bid for the series F. G and H bonds were sent to 294
redemption
of
equal
an
principal
and the series I bonds to be pledged
serial notes maturing in
.
and insurance companies, requesting that
the bidder bid for each series, collectively for the three series, or for
the series F and G bonds together, the bidder to name the rate of
interest to be borne by each series in multiples of Ve of 1%, no bid
investment
less
banks,
houses,
than
of
99
series,to be considered.
In response to its
applicant received two bids for the series F
G
The
better
from bidders which also bid separately on these bonds.
bid received from Morgan, Stanley & Co., and 61 associ¬
ates,
Years
/•;
'
'
1944
■ V/
1943
sales, less discounts, retiyns, etc..
$27,078,289 $24,621,819
Purchase discounts, royalty and other income—
160,825
119,950
bids
any
for
and
of
for
99.389
G
bids
were
Halsey,
the
the
to
H
the
Stuart & Co., Inc., and 18 associates, of 99.33, for an
2%, which was accepted, subject to our approval.
prices indicated,
series
series
was
ceceived
rate of
interest
At
rate of 3Vb% for the $73,900,000 of
accepted, subject to our approvalfor the series H bonds,. the'highest-being
interest
an
bonds
and
Three
from
the
bonds,
series F
■
Orders
dividends
Balance
surplus
invitations
Report—
shipments of the company, after estimated refund for
reached an all-time high in 1944, Grant B. Shipley,
Chairman
$3,514,491
.61
;
Preferred
for
Elliott Co., Jeannette, Pa.—Annual
Net
15,730
268
—
Interest
Erie
Liabilities—Accounts payable, $1,071,603; accrued poyrolls,
taxes,
204,333
17,721
$4,540,151
1
—
of secured
Profits
1944
$3,971,333
236,779
226,627
taxes
taxes
Balance
Sheet, Dec. 31, 1944
Assets—Cash, $5,435,671;
marketable
securities,
at cost (market
value $5,550), $5,389; U.
S. Government securities, at cost (market
value $5,473,006), $5,457,500; accounts receivable (U. S. Government),
$8,849,745;
sundry
accounts
receivable
(after
reserve
of $15,000),
$532,995; inventories (at cost), $6,323,082; post-war excess profits
tax credit, $1,616,801;
deferred charges, $1,313,623; investments (at
values considered realizable), $13,195; patent rights and goodwill, $1;
land,
$919,508; buildings,
machinery and equipment (after reserve
for
depreciation and amortization of $4,693,129), $1,395,356; total,
F
and
G
bonds
2.09%.
bonds
the average annual cost of the proceeds of
will be approximately 3.15%, and of the
The
series
F and
G
bonds have been
offered
spread of 1,261%, and the series H bonds
at par, a spread of 0.67%
It is estimated that the gross interest savings on the proposed re¬
financing will amount to $31,589,966.
-;"v
have
public at 100.65,
offered
been
to
the
a
public
.
Earnings for March
..
and
Year
to Date
Gross
Total
Cost
revenues—
*_
of sales and
operations——
and administrative expenses*:——
Selling
—
Provision for employees'
Interest
trust fund——
$27,239,114 $24,741,769
20,599,754
18,688,876
2,523,330
2,994,381
276,000
-
170,598
Federal
income tax—
excess
profits -tax———
Post-war refund of
Provision
for
excess profits tax
contingencies.
—
<•-
200,000
85,000
.—*—*—_,
56,765
280,ooa
expense—
Federal normal tax and surtax——
Pennsylvania
219,335
86,723
2,350,000
95,691
Cr247,803
64,309
Net
income
Preferred
Common
dividends
Earnings per
$622,690
$672,207
—
137,366
69,318
—
186,228
177,411
share,
$2.56
$3.38
_
dividends-.
common
March—
Note—Provision for depreciation, amortization of emergency facilities
1945
1944
1943
1942
Gross
Net
fropi railway— $13,471,631 $14,483,181 $13,488,598 $10,628,982
from railway
4,049,510
5,173,994
5,360,904
3,779,783
Net ry.
1,882,947
1,698,140
1,686,765
1,662,787
railway
railway—*__*
36,673,364
40,657,601
29,231,883
8,816,163
income*-*
3,601,472
13,327,618
4,367,852
36,602,365
14,039,211
4,769,191
oper.
income—*
From Jan. 1—
Gross
Net
from
from
Net ry.
oper.
—V. 161.
2,478,027
Cr235,000
/
"That the
A
to
Other
—V. 161,
effect to the results
Control
defeated.
at
the
1945
$5,038,384
—
1,515,982
$1,974,714
1,078,962
—
—
Dividends
$1.78
1,368,000
6,085,500
Cr608,550
(estimated)
tax
$3,390,673
$2.87
—
253,886
revenues
Federal
'
.
1,360,000
.
"A niotion of
stock
common
Balance for dividends and
Board
-
"The adjournment was taken
Babson
(estimated)
surtax
credit
accrued
Roger W. Babson (of Babson Park, Mass.), William L
Less
(of
New York), A. W. Newell (of
Providence, R. I.)I, and Ciscar H. Brinkman, Secretary
(of Wellesley Hills, Mass.), a committee to inform
stockholders, on May 2 stated that the management did not have suffi¬
of
surplus
Expenses
$31,862,865.
and surp.
Meeting Adjourned—
revocations of
and
Post-war
War
The
449
7,915
$1,345,837
19,924
share
per
and
Comparative Income Statement (Parent Company Only)
Total
610
discount
and
income
under
$1,390,072
—„*
—
Applicable
$1,488,435
$123,485
$133,025
V; G. & E. Co.—
—*—__—*
Pfd. dividends deductions-
$9,982,632
_
Miscellaneous
Earnings
Balance.
291,740
$9,820,027
operations*
stock
common
12 Months Ended February—
Total
Reserved
income.—..—.
$9,690,892
income
from
$1,948,422
'
Gross
$9,563,024
for
456,902
$5,646,757
2,256,083
$5,477,820
—
Balance
$6,103,660
V
$7,630,877
2,153,056
applic. to stocks of Eng. P. S. Co.—
pfd. stk. of Eng. P. S. Co.—
on
Earnings
income
Federal
Balance
745,650
474,353
1,754,776
Net
Uncollectible
Non-oper. inc. (net).
862,276
498,500
interest—
and
70,440
227,385
$8,129,378
———_
taxes
$10,425,300 $10,436,542
operations—
from
Selling, general and administrative expenses—
49,999
31,247
sources————
Balance
1945—12 Mos.—1944
$988,651 $11,643,023 $11,280,001
575,966
6,914,552
6,547,250
$999,396
Operation ——r——
Maintenance
•Earnings—
$5,755,836
40,166
69,440
Expenses,
Divs.
Eastern Utilities Associates
$7,988,524
—_
Total
War
.——*
declared
Interest
80,363,455
—
13,469
$5,755,836
from subs., incl. as deductions above:
Earnings
$91,198,756 $95,901,693
under
contracts
of
Act———
11,157
applic. to Engineers P. S. Co.—
Balance appl. to E. P. S. Co. as above
Earnings from other
*1943
1944
from
2,144,610
$7,988,524
applicable to minority interests
Balance
Electric Boat Co. (& Subs.)—Annual Report—
funded debt and
on
:
*
Preferred
Int.
requirements
Balance
p.
Federal
9,380,792
4,436,587
1770.
Motor
Truck
Co.—Shipments and Earnings
Rise—
Shipments for the first quarter of 1945 were reported to total
$7,853,008, an increase of approximately 3%% over thef corresponding
period last year, while profits before taxes and renegotiation showed
an increase of approximately 10%.
Unfilled orders, both military and
civilian combined, were reported at approximately $35,000,000.—V. 161,
p.
1201.
*
Volume
Number 4383
161
Fall River Gas Works
Period End. Mar. 31—
Consolidated
Co.—Earnings—
revenues
$113,308
__
$111,847
$1,249,552
"66,220
7,169
18,946
732,024
722,467
Maifttenance
Taxes
_1
oper.
Non-oper.
7,588
20,998
105,116
'
181,039
$19,512
'
$207,416
1,053
of
*
14,934
Cost
engines,
of
of
■
plant
excessive
and
tools
basic
Retirement
$23,024
res.
$20,565
$229,148
$212,801
6,333
6,333
76,000
76,000
accruars
of
curred
78,965,823
$16,691
$14,232
$153,148
$136,801
106
income
247
2,318
2,910
$13,984
$150,830
charge^
Dividends
—V.
$16,585
"
$133,892
:
105,890
112,508
declared
for
556,719
Co. and associates at $50 per
in
into
the
earlier
of
redemption,
common
stock
at
$3.57 1/7
preferred
the
stock
at
$50
Dividends,
Jan.
Bad
before
History
Nov.
(the
of
stock
mon
prior to May 1, 1955
before redemption date),
of common stock (taking
or
on
share
per
holders and
prices
plus dividends;
$51.25.
per
which
has
since
distributed
there has
excess
Post-war
On
Corp.
since been
holding
a
the
corporation's
solely as
existing
two
subsidiaries)
has
contracts
the
by
excess
and
(estimated
at
sales
claims
in
advances
for
taxes,
Pfd.
stock
(no
par)
cumulative
$2.50
stock
Common
savings
taxes
of
partial
bonds
and
withheld
tion
contra),
contra),
refund,
♦In
addition,
issuance upon
shares
125,000
"stock
of
purchase
Stock
shares
1,260,000
stock
common
and
Purchase
The
stockholders
The
of
of
stock
preferred
option
plan
to
30,
their
from
stock,
1,500,000
be
which
make
will
optioned
eligible' to buy stock
be
under
determine.
such
allotments
plan
the
in
be
sold
was
sales of
Any
such
at
prices
the
determine,
Other
U.
subject
Bank
his
of
employment.
obtaining
to
Treasury
approval
such
Any
the
by
sales
options
or
may
Salary Stabilization Unit of the
Bank, New York, provides
principal
expiring
Nov.
to
date
of
1946,
15,
$15,000,000
guarantor
a
revolving
a
amount
exceeding
annual
by
credit
$25,000,000
subject
the
to
at
Nov.
the corporation
any
extension
corporation
not later than
to
with
15,
in
the
time outstand¬
one
in
not
amount
an
the
and
consent
of
agreements and to
financing the
The
single
a
provide
corporation's various plant facilities contracts
Government,
Loans
time
which
costs
the
thereunder
case
may
or
be
against),
under
this
ber
of
the
(less in
shares
or
underwritten
by
made
financed
by
the
from
to
price
shall
be
the
$1,603,603
the several
each
established
all amounts
are
at
thereunder,
theretofore
lesser.
April
as
Borrowings
26,
underwriters
as
advanced
1945.
and
the
follows:
Smith, Barney & Co..
Eastman, Dillon & Co
Shares
18,000
Ames, Emerich & Co., Inc.__ 2,000
Farwell, Chapman & Co
2,000
Ferris Exnicios & Co., Inc._ 2,000
13,000
Newhard. Cook & Co
6,000
Spencer Trask & Co
6,000
Adamex Securities Corp
5,000
A.
C. Allvn
McDonald
Stroud
&
& Co., Inc
Co
&
&
Co
Co.,
Inc
Piper, Jaffray & Hopwood
Janney & Co
A. M. Kidder & Co
2.000
of
shares, of which
the proposed issue
♦1942
5,000
Merrill, Turben & Co._
2,000
5,000
Chas. W. Scranton
Co
2,000
Sills. Minton & Co.. Inc
Stein Bros. & Boyce
2,000
5,000
4,000
2,000
109.
p.
Co.—Earnings—
income
Retirement
1944
>
revenue
1943
$1,019,805
$913,735
679,014
581,61&
83,859
deductions
67,411-
;
taxes—'______■
accruals
reserve
81,634
80,512
$175,297
$184,194
:
.
Utility
Other
operating
income
income
Gross
Income
Net
29,721
..
income
deductions
declared
$142,741
143,100
107,325
stock
common
on
56,438
$151,415
*
—
Camparative Balance
Sheet,
Dec. 31
Assets—
Utility
1944
plant
Other
$199,179
53,604
income
Dividends
14,985.
$205,018
1943
$3,436,859
___;
__
physical
property-
$3,350,960
16,275
89,844
Temporary
Notes
cash
funds—
Investments
Deferred
30,046
85,637
77,705
78,402
2,393
;
3,907
2,750
__
receivable
and
162,371
50,096
8~7~526
receivable
Accounts
~40~051
92,722
Miscellaneous special
supplies
_
__.
debits
;
1,112
197
$3,854,532
$3,754,322
Liabilities—
Capital stock
First
($10
par)
Customers'
Accrued
■
,.yY...
1,842,084
$4,211,029
$3,410,786
companies—:
♦The
64,091
22,115
36,889
accounts
credits
—:
of
$4,233,143
$3,447,676
$1,312,162
89,255
81,941
$3,854,532
$3,754,322
Total
161, p. 1874.
There
have
of
been
the
called
sinking
Fort Worth & Denver City Ry.—Earnings—
Gross
ry.
79,717
76,849
3,197,800
3,036,200
2,469,700
663,763
—
$1,100,881
$605,818
349,456
$917,226
279,568
$701,126
cash.
279,529
279,487
from
42,581
v;;.'
696,111
533,637
from
ry.
—V.
315,105
207,792
revised
to
Sheet, Dec.
Reimbursable
contract
*
terminated
from
$1,329,344
res._
1,779,791
costs
U.
under
S.
war
2,525,914
facilities
contract
assets
tEarns.
per
a
share,
within
one
taxes
Canadian
1
161,720
$962,556
yr.
203,102
funded debt
on
income
on
175,000
post-war
surplus
500,000
400,000
1,397,840
248,500
—
248,533
3,816,379
■__»
;
balance
sheets
as
of
3,064,953
settlement.—V.
$11,457,083 $11,969,984
-
Dec.
161, p.
Flintkote Co.
(&
31,
1943/ revised to reflect the
1201,
been
affiliate.
charges
State,
and
of
Earned
inc.
and
$7,723,365
$6,198,255
1,154,499
1,059,958
$0.69
and
Federal
'
been
of
of
this
company,
products, and William R. Knott
Sales Corp., its marketing
Atlantis
the
Daniel
succeed
President
elected
household
and
Burke,
President
formerly
of
both
who was recently elected Chairman of the board,
principal products include French's
Mustard and Worcestershire Sauce, Coleman's Mustard, Reckitt's Blue,
French's pet line and Silvo.
A substantial part of the company's cur¬
rent output is being sold to the Government for the armed forces.
The
R.
T,
French
Co.,
whose
692,075
536,038
excess
contingencies——
profit—
common
Net
sales
Finance
Other
Cost
common
♦Includes provision
share
71,523
155,499
93,062
—
income
—
products and
admin,
gen.
&
service sold—
branch office
1942
57,278
recoveries)
Interest
Other
619,750
i 175,176
$70,035,609 $60,607,773 $39,503,421
57,546,542
49,742,508
30,070,067
and
notes
4,140,730
4,045,377
31,875
Crl07,537
377,415
doubtful
for
•
5,884,574
expense
Prov.
320,911
Cr76,468
i 118,947
accts.
—_——
expense
i
deductions
7,676
for contingencies
Prov.
orders
for
arising from
restricting sale of
civilian
*Cr243,904
use
for deferred costs
duction
Fed.
taxes
of
1
war
125,000
pro¬
150,000
100,000
4,190,000
4,359,547
3,542,295
$2,005,203
$2,237,842
.
on
income
profit
Earnings
♦Return
$324,530
—
tl943
1944
$69,871,024 $60,394,996 $38,708,495
__
revenue
income
of
Sell.,
Net
50,000
$317,883
per
(estimated)—
.
713,706
713,706
$0.28
$0.39
$0.28
$4.29
share..
to income of unused balance of reserve
$1,578,203
$5.22
$3.53
provided in 1941 and
tRevised.
$244,224
1,014,408
_
shares
(& Subs.)—Annual Report—
Fruehauf Trailer Co.
Calendar Years—
780,262
789,969
*40,000
—-
tax
per
/
has
1942, no longer required.
Net
No.
$0.80
depletion
.
President
They
companies,
Prov.
$8,517,673
—
for
$0.75
depreciation,
Co.—New President—
food
named
trailers
Mar. 24,'45 Mar. 25,'44 Mar. 27/43
sales
profits
$3.01
1201.
p.
of
.
Subs.)—Earnings—
12 Weeks Ended—
Reserve
1942
$549,611
or
Cockcroft
D.
Total
1,397,818
—
Total
Federal
1943
$639,764
including
(R. T.) French
John
(less
after
1944
$601,426
1,893,833
re¬
—_
—
150,000
3,144,001
1,600,000
losses, plant
adjustments
;
—
surplus.
Earned
etc.,
425,796
282,472
2,523,077
(net)—
—
Capital
Profit
151,
588,862
1,604,542
1,943,486
$666,980
326,228
,—
debt
arrangement,
Capital stock
Net
as
earnings.—V.
has
$11,969,984
payable.—
commissions—
Installments due
renegotiation
1945
$804,988
'
accounts
♦The
712,654
507,177
for 1945 include $80,743, or 10 cents a
eight cents a share; 1943, $89,397, or 11 cents
company's portion of Cuban-American Manganese Corp.
manufacturers
$11,457,083
and
765,466
earnings
above
33,798
Liabilities—
S.
1,510,524
717,723
shares.
1944, $64,300,
118,833
—-—_—
Total
Funded
share;
3,663,484
1,891,633
1,455,245
Patents and goodwill—1
Deferred charges.
197,162
U.
1,446,381
422,969
share
charges,
800,000
41,562
———917,034
and
2,032,107
903,175
com,
all
tOn
______
—
Property, plant and equipment (net)
Emergency facilities (less depreciation)
Payrolls
166,584
3,204,180
—__
3,492,494
—_____
;.——_____
plant
298,264
3,737,189
income™
income
♦Net
facilities
Govt,
171,947
3,668,509
'
135,487
less
rec.,
_________
Emergency
Other
$1,546,674
accepts, and accts.
arising
231,949
1424.
Note—The
contracts
—
._
notes,
Claims
$686,864
578,170
Freeport Sulphur Co.—Earnings
31
*1943
$1,197,493
368,750
railway
p.
♦After
1944
$1,214,037
305,500
140,833
Quarters End. Mar. 31—
settlements
Comparative Consolidated Balance
1942
3943
$1,262,328
railway
oper.
161,
-
1942 and 1943 have been
for those years.
years
Net
Net
deprec.
railway
railway—_I,
oper. income
From Jan. 1—
81,567
1944
1945
from
from
Gross
taxes
Redemption—
for redemption
on June
1, 1945, through
fund, $24,000 of first mortgage 33/«% bonds
due Dec. 1, 1965, at 105 and interest.
Payment will be made at the
office of J. P. Morgan & Co. Incorporated, 23 Wall St., New York,
N. Y.—V. 152, p. 2238.
operation
/ ..'////''V':''
Assets—
Trade
195,299
318,734
taxes.
Cash
36,797
surplus
Net
the
8,395
1,131,380
surplus
,
*/;••
200,000
for
7,948
36,827
construction—
Earned
Net
the renegotiation
99,023
1,133,309
____.
aid
in
5,126
84,903
99,114
;
Capital
9,039
200,000
statements
reflect
35,958
7,157
84,392
—
deposits
Contributions
$1,303,123
—_
715,500
1,360,000
42,296
.___
r
Reserves
1941
100,000
amortization
715,500
1,320,000
.
mortgage, 4%
Fort Street Union Depot Co.—Partial
2,260,454
(est.)—
for
2,000
5,000
3,385,960
$3,440,981
revenues
Govt,
num¬
Shares
Hallgarten
stock
2,980,094
Reserve for post-war inventory
•
qnder the
banks
up to the total maximum
to pay the corporation under
final amount of the corporation's
fixed
amount
of
contract
be
request
case
amounted
names
to
the
agrees
the
agreed
either
whichever
agreement
Underwriters—The
are
corporation's
Government
construction-contract,
there
construction
agreement
the
the
each
of
credit
at
time
amount
such
with
«*•
account
on
facilities
to
preferred
on
the
purpose of the
agreement various existing
additional credit for the purpose of
consolidate into
agreement was to
plant
held
3,500,000
Taxes, other than taxes on income—
Bank of The Manhattan Co.
161,
Florida Public Utilities
Deferred
to
°1943
Bank, New York,
ana
3,385,172
(& Subs.)—Earnings—
Trade
'
of
amount
conversion
$4,480,249
Canad.
profit—.
and
Corporation's out¬
1947.
$6,826,941
$3,402,488
Payables to associated
meeting,
increase in the authorized amount
for
standing borrowings amounted to $8,600,000 at April 26, 1945.
A plant facilities
credit agreement dated as of Aug. 30, 1943, was
made between the corporation and Bankers Trust Co., Chase National
credit
etc.,
post-war
Inventories
Agreements—A Regulation V credit agreement dated as
of
Nov.
1,
1944,
between the corporation and Bankers Trust Co.,
Chase National Bank, Bank of The Manhattan Co., and Grace National
ing,
for
Provision
be
Department.
-V.
33,183
$6,787,660
deductions
Prepayments
taxes,
wages,
3,060,224
income—
income
Net
the
Credit
maximum
re¬
$627,946;
$4,416,157
Dividends paid in
Such options may be exercised in part in the event of the
while in the employ of the corporation or the
termination
$6,793,750
27,310
,
&
"deductions——
S.
on
the "optionee
of
(after
a
disposed of.
death
adm.
rearrangem't and oth.
post-war adjustments
shall
but not less than
$6,760,350
income
accrued
inventory losses, plant
of $1
for
plants
$1,310,918),
$29,453,537 $25,777,198 $17,215,049 $10,865,929
21,977,157
18,586,076
11,543,809
7,720,722
profit
Provision
per share.
Any options granted under the plan may
period of not more than 10 years, in which event a
portion of the stock purchase rights thereunder will accrue during
each year of such option but only if the optionee remains in the employ
of the corporation as of the dates on which his option is exercised or
value
par
extend
2,644,245
(net).
March—
board
board of directors may
prices as the
basic
of
shipping,
and
discretion
its
199,044
2,644,245
taxes—_L__—
income
Materials
the
1944
Other income—..—
common
as
adv.,
Gross
stock pursuant to the plan will be
of directors may determine, but
not less than the par value of $1 per share.
Any options granted
under the plan will entitle the holders to buy common stock at sucn
effected
S.
125,000 shares will be reserved for sale and
employees under a stock purchase and option
also approved at the meeting.—V. 161, p. 1878.
warehousing
stock¬
to
$8,255,466),
Govt., after sales
provision for renegotia¬
Federal
income
and
excess
for
shares
reserved
general expenses—.—
under the plan,
stock
common
committee
such
as
receive options
or
of
(U.
of
and
sales
Selling,
option for/sale from time to time prior to May 1, 1955, to present and
future officers and employees.
The board of directors will appoint a
committee, consisting of tv/o or three of its own members, none of
will
Net
-V.
holders approved a stock purchase and option plan under which 125,000
shares
of
unissued
common
stock have
been
reserved
for
sale
or
whom
payments
and
Cost of products sold-.
the
2,118,000
1,741,023
1,728,663
revenues_.
income
employees'
funds, war
employees'
Federal
income
adjourned
Federal Mogul Corp.
under
1945,
2,100,000
178,437
Accounts, payable
at
will
officers
that
Total
April
Plan—On
Option
operating
other
Income
claims in process of negotia¬
$103,125;
$318,245;
stockholders also approved an
common
sufficient shares
Net
issuance
_—_
.
—
war
$3,445,296;
30, authorized an increase in
15,000 shares to 150,000 shares.
from
♦1,042,735 shs.
for
reserved
are
of
sub-'
Increases Stock—
stock are reserved for
preferred stock, and
common
and
of
for contingencies
$750,000; common stock (par $1), $1,720,324;
paid-in surplus, $593,078; earned surplus, $2,193,831; total, $32,728,198.
plan."
option
and
of
1915
$22,987,868 $23,141,071
9,556,173
9,645,001
reserve
$2.50 cumulative
conversion of the
^
income
profits
excess
Gross
taxes, $5,837,253;
accounts payable, plant facilities,
$1,616,669; reserve for readjustment to a post-war basis, $3,009,123;
90,000 shs.
3,500,000 shs.
cash
fixed .assets,
provision
notes and
than
31,
Corporate Consolidated
income taxes
Federal
settlement
payment
sales contracts, $2,995;
on
$2,628,208;
profits
V";
150,000 shs.
,
$1)
partial
amortization
payments),
(per
(per
$2,474,857; advances
Outstanding
stock
pfd.
(par
the
for
for
$6,194,693;
negotiation
$1,519,983;
depreciation
$1,126,832
been
Financing
This
of
process
Ended Jan.
__:
appropriations
reserve
Operating
31, 1944
restricted
.
$4,166,723)
Authorized
Dec.
$1,502,068
and
(& Subs.)—Earnings—
Months
12
Calendar Years—
facilities contracts with the U. S.
Government, $1,668,400; de¬
charges, $253,979; total, $32,728,198.//
Liabilities—Regulation V loan, due Nov. 15, 1946, $4,712,284; ac¬
counts payable, $3,232,908; termination claims of subcontractors
(after
April
Give Effect to
Adjusted to
and
claims),
Calendar years—
Capitalization
Sheet,
$1,499,740
contracts
for
revenues
Operating
ferred
will be available
for general corporate purposes to meet company's financial needs and
to take advantage of opportunities which may occur during and par¬
ticularly after the war.
The corporation intends initially to apply all of such proceeds to
the temporary reduction of bank borrowings (amounting to $8,600,000
on April 26.
1945) under the corporation's Regulation V credit agree¬
ment.
Such
bank
borrowings were made from the banks for the
purpose of financing war production contracts of the corporation and
replenishing its working capital invested therein.
proceeds
Purpose—Net
Balance
Light Co.
208,547
.
$279,140.
plant
associates.
their
(after
profits
serves
purchased the 51%
Al-Fin Corp. became
inventories
208,547
of
$4,942,208), $2,738,004; unbilled costs
and fess on
cost-plus-fixed-fee contracts, $4,690,909; other accounts
and claims receivable,
etc., $998,428; accounts receivable, officers and
employees, $16,322; inventories, $3,302,542; post-war refund of Federal
stock interest previously
owned by others and
a wholly-owned subsidiary
of the corporation.
Stratos Corp. was organized in January, 1942,
since which time it has been 50% owned by the corporation and 50%
owned
49,268
credit
1,297,773
expenses
other
Net
626,744
advances of $4,270,603), $1,258,881; other
tion
(after sales
advances of
the corporation and certain inventors formed the Al-Fin Corp.,
capital stock of which was initially 49% owned by the corporation
and 51% owned by the inventors and their associates.
In September,
corporation
3,257,930
Cr325,793
98,000
termination
$2,814,725;
1941,
the
9,196,540
Cr°919,654
bonds,
employees' funds and income tax witheld (per contra), $421,370; trade
accounts receivable (U. S. Government),
$4,469,133; other trade ac¬
counts
receivable, $1,752,883; negotiated settlements of Government
In August,
company.
103,809
244,336
1,827,211
(including
terminated
contractors'
company
license holding
patent and
a
942,151
233,798
62,248
retirement
1,686,974
2,739,241
Statements
operating
Federal
165,656
__________
debt
4,746,705
2,513,328
3,956,296
—1,173,123
Assets—Cash
certain
Aviation Corp. to its stock¬
corporate connection between that
no
534,845
■
_—
4,765,683
3,790,639
5,275,135
Cr527,513
taxes
Consolidated
Fairchild
by
10,843,202
263,744
;
taxes
income
♦Includes
the
1943,
Total
Operating
11,378,048
surtaxes______
proiits
refund
income
Dividends
Corp. were transferred to the then created Duraof the corporation, since which time Duramold Aircraft
of
(one
continued
Taxes,
542
or
Aircraft
Division
Prop, retire,
150,000
512,182
deductions
State
whose assets
consisted'principally of controlling stock interests in the aforementioned
two
subsidiaries.
Subsequently the corporation acquired an invest¬
ment (represented by all outstanding notes and stock) in Clark Aircraft
Corp., the name of which was changed in September, 1939, to Duramold
Aircraft
Corp.
In
September,
1939.
Fairchild Aircraft Corp. and
Ranger Engineering Corp. were merged into the corporation.
Fairchild
Aircraft Corp. became the Fairchild Aircraft Division of the corpora¬
tion^ Ranger Engineering Corp. became the Ranger Aircraft Engines
Division of the corporation, and the corporation became an operating
company.
In
July,
1942,
the
limited manufacturing activities of
mold
325,793
300,000
6,771,196
524,458
and
620,422
4,521,466
*
919,654
6,259,013
income
normal
been
company and the corporation.
The
corporation was originally
Duramold
Earnings
2,059,409
'
./
1,015,351
8.847,241
income—
Florida Power &
300,000
•
455,521
9,593,032
1424.
527.513
;
747,714
1,906,420
railway
p.
3,515,300
post-
a
_
Federal
Net
share
1948, $52.50, and thereafter,
was
1,077,312
Total
changed to Fairchild Camera and
Instrument Corp.) to acquire the latter's airplane and airplane engine
manufacturing
subsidiaries,
Fairchild
Aircraft
Corp.
and
Ranger
Engineering Corp.
In 1937 the initial issue of the corporation's com¬
name
4,287,502
contingencies
'
396,598
and
_
for
$1,721,025
9,576,582
4,374,579
railway
oper.
161,
503,945
general
1,784,793
,
2,717,045
expenses
profit
Total
Business—Corporation was incorporated in Maryland
Corporation was formed by Fairchild Aviation Corp.
and
1936.
4.
2,398,943
from
ry.
—V.
in¬
income
Other
share).
per
following
April 30.
•
■
debts
Other
May 1, 1945, payable semi-annually on
Redeemable in whole or in part at any time of 30
1.
at
notice
costs
Net
Net
.
cumulative from
and July
l
days'
service,
Federal
share and dividends.
convertible at the option of holders
case
133,440
1942
$3,217,994
1,545,032
income
oper.
from
Federal
Engine & Airplane Corp.—Stock Offered—
The stock is
__
152,101
years
readjustment'to
basis
Provision
Gross
Public offering was made May 3 of 90,000 shares of $2.50
cumulative preferred stock (no par) by Smith Barney &
(or,
and
ry.
1943
$3,284,074
1,605,655
From Jan, 1—
Gross
.
costs
Net
1944
$3,485,288
railway
railway
.
161, p. 1424.
Fairchild
prior
from
39,oja,141
156,064
administrative
Prov.
war
income.,
Net
83,764,441
plant—Emergency
development
in
Contract
Gross
Interest
Net
47,080,224
1945
from
Gross
102,450,364
facilities
Amort,
March—
*
obsolete
and development
directly recoverable
not
$
93,212,963
sales—.—s
expendable
Amort.
$
parts,
:
Engineering
Balance '_.
Florida East Coast Ry.—Earnings1942
$
,
1997
31
1943
'
•
airplanes,
etc.
$197,867
21,732
(net)
Sales
''
"
-
.
Write-offs of
$19,899
._
99,474
.
204,997
3,125
revs
inc.
Statement, Years. Ended Dec.
1944
$1,200,847
Operation
Income
FINANCIAL CHRONICLE
1945—12 Mos.—1944
1945—Month—-1944
64,824
Operating
Net
THE COMMERCIAL &
for possible renegotiation.—V. 161, p. 1771.
Consolidated
Balance
Sheet,
Dec.
31,
1944
Assets—Cash, $4,528,179; U. S. Treasury notes, series B and C-1947,
at
cost
plus
accrued
interest
(aggregate quoted market price,
'
in
1943).
tlncluding dividends received of
$1,630,375 in 1945, $1,432,056 in 1944, and $1,591,573 in 1943, less
sundry income deductions.
tThe provision for taxes includes provision
for
United States excess profits taxes of $37,376,000 in
1945, $44,-
(estimated;,
travel
advances and accounts (officers and employees),
miscellaneous notes and accounts receivable, deposits, and
Federal excess profits taxes
post-war refunds of
$312,929;
$701,599;
'$18,139;
for
at
prepaid
$1;
patents,
f'■%'
Consolidated
"
U.
securities
Govt,
S.
term)
..
•
(U.
receiv.
—V.
of
Statement
real
Expenses
__
Provision for Federal income tax and surtax...
*
"Net
income
',Cash dividends declared.—
;
(113,464
__
114,736,462
'
498,728,376
133,698,162
134,316,659
52,241,134
52,366,991
51,167,984
14,366,038
9,044,319
5,237,951
298,549,884
319,040.364
14,235,963
14,891,860
63,214,330
$3,214,330
63,700,099
i'r
1202.
after
and
profit
:
31,
'44 Mar. 27, '43
$1,022,199
$997,810
.',' 617,808
598,746
,
161.
able
;-v-
capital
total
stock
in
able
In
$899,210,386
revised
initiated
in
$879,168,936
the
of
sustained
"trucks
for
'Ducks
for
dering
war
armed
our
forces
landing
and
and
assault
continue
to
of
theaters
These
craft.
liquid-cooled
parts,
shells
all
in
and
bulk
Deliveries
in
quarter
of
Fourth Quarter
1944
materials
Other
net
In
.
$1,003,055,237
.by the corporation is directly
the
war
For
ployeees
434,364
Of
first
noted
that
balance
quarter of
there
1945
was
an
average
quarter
of
1945
'
1944
Corp.'s
1,362,854
1,800,399
sales.
861,288,029
ferial
S.
cess
j
income
on
for
Dividends
on
stock
earned
earnings
the
Corporation
at
March
'
•
for
as
Expand—
that
N.
as
concluded
by
J.,
'
marked
company's
the
Delco-Remy
general manager
Division
of the
cipally
-
;;;•V ;.'
&
17,074,000
34,307,000
.:.
on
ucts
division.
the
period...
($5
com.
71,081,000
yV!w.'^
•
is
(net)
of
common
1944
1945
■
profit
„
share_._.___
,•'$318,946
V
$0.54
$343,505.
$0.59
..
2,294,555
2,294,555
2,294,555
38,765,900
33,008,345
33,010,749
1945
1944
1943
$202,602
$253,495
common
$0.76
$0.70
'
.' V
44,014,334
43,420,586
$0.84
$0.88
$0.71
consolidated'(divi-
orders
or
the
at
time
contracts.
war
expenses incurred on
termination.
Accord¬
their
of
inventories accumulated in con¬
%:•
':v,:
%. • ' • \ 1"
%';Y
on
.
($34,372,500)
will be applied to the
exclusive of accrued interest,
requiring,
balance of such proceeds will be
re¬
and
;
total of $26,503,720.
a
added to the general funds of the
will be used largely to finance future plant expansion
and future plant accuisitions not now determined, with
and
changes
any
remainder being added to working capital.
.
•-
^.
Capitalization Adjusted to Give Effect to This Financing
%
%
'V-r
r,
Renshaw,
New
York Stock
4)4%
of
.'
stock
Outstanding:
due 1965 $35,000,000
$35,000,000
par)...
430,386 shs.
412,031 shs_
______
4,147,154 shs.
(1,303,255 shs..
ser.
preferred stock
cumul.
Common
Authorized
■
bonds 234%
"First mtge.
$5
(no
(no par)
"Subject
to
served
Exchange
i
i
12 o'clock
11,041
shares
incorporation,
employees,
V-Loan—Under
•
in the
indenture,
additional!
held
are
the treasury. While under the?
^hares of common stock are re¬
in
100,000
there
«at
present
a
V-Loan
no
commitments
to
em¬
'
shares.
revolving Credit Agreement dated May
24,
total of $50,000,000 at any
one
time outstanding, evidenced by its 2%%" notes maturing on or
before 90 days from their respective dates but not later than Aug. 31,
1946.
A commitment fee is payable at the rate of (4%. per annum of
1943, the company may obtain loans up to a
the
for theimrchase from it of $2,500,000 first
Bids will be received by the company
2401, No. 61 Broadway, New York 6, N. Y., up to
(EWT), on May 7, 1945—V. 161, p. 1543.
Room
for
ployees in effect with respect to these
Georgia Power & Light Co.—Asks Bids for Bonds—
at
of
of
certificate
Preferred Stk.
contained
issued, but the aggregate principal amount;
be outstanding at any one time is limited to $45,000,000.
of bonds to
unused
fluctuates
mortgage bonds, series due 1975.
noon
restrictions
the
bonds of other series may be
cumulative
Company is inviting bids
t
companies riot
is anticipated that the
Accordingly, it
for all costs and
fair compensation
with
company
A"
;
',
the company are principally
its
material loss is expected
no
Purpose—The net proceeds
$0.82
charges and Federal taxes.
as
demption of $21,049,000 first mortgage bonds, 4 (4 % series due 1956, at
103
and of $4,700,000 first mortgage bonds, 3%' series due
1956, at
321,000
share..
nature
the Government.
from
contracts
nection
$296,513
321,000
:
vessels),
the war.
manufactured by
use
war
general
payment of
The
—331,050
.
for
same
leased
ingly;
:
has authorized the listing of 75,600
preferred stock (par $100) and 87,857
shares of common stock (par $5), making the total number of shares
of common stock 614,519 shares.-^-V. 161, p. 1879.
21,694,239
44,013,759
of
subsidiary
Signal Co.—Earnings—
Naval and other
in
.
30,779,476
share..
the
such
1943
$293,082
$0.50
depreciation, Federal income and excess profits
renegotiation and contingencies,—V. 161, p. 207. v. • : -»
Railway
electric cables
physical reconversion of the company's plants, to peace-time operations
will not involve major problems or expenditures.
Contracts or orders
for the manufacture of war products are subject to termination at any
time for the convenience of the Government and generally provide for
;':
President, told stockholders at their annual meeting
that sales were 70%' greater in
the quarter than a year ago.
He
added that the company has sufficient orders, together with what may
reasonably be expected to. come in, to operate throughout the year to
the limit "of our available manpower."
The company is booked on
ordnance work through January, 1946, and on fire control systems for
the air force through June, 1946.—V. 161, p.-207."\
Paul
The
33,074,031
37,047.174
stock
com.
41,060.455
Among the more im¬
rubber pontons and boats, footwear, rainwear fabric,
will be materially curtailed after
(Exclusive
'
39,341,729
as
peace-time products and have not
required any large amount of special equipment of a character not
usable in normal operations.
Most of the equipment not so usable
of
Equipment Corp. (& Subs.)Earns;Q
General Tire & Rubber Co.—Listing of
50,612,000
stk.
outstanding..'.
per
per
per
1,269,000
ser.)
cap.
shares
of
net
Earnings
ex-
63,447,000
1940 largely
insulaoions for
in
Products
28,404,000
2,084,000
net sales, which have shown a
a result of the war, represented
consolidated
of
since
suits, face blanks for gas masks, Torsilastic springs
and cutless rubber bearings.
The manufacture of many of these prod¬
provision for
and
"After
t
the contraction of
anti-exposure
be
trucks, tractors, and buses.
The unit is
supplement the production
at Muncie, Ind.—V. 161, 7
shares
947,083,062 665,359,306
7,655,259
in
directly or indirectly for war use.
airplane De-icers,
a
as
and will
battery plant
division's
Quarters Ended March 31—
14,912,362
have resulted
in this category are rubber tracks (for tanks, de¬
half-tracks, weasels and scout cars, self-sealing fuel tanks
hose, combat and airplane tires and tubes, Geon (now used prin¬
and
in
operation
post-war
"Net profit
15,609,654
including tires
and canvas footwear
rubber
products
portant
Operation of the new plant
Common
16,858,838
products,
is
restrictions
and
half
over
increase
products sold
10234,
17,197,926 V
.
also engaged in the production of various
reclaiming of rubber, for its own use and for
the
in
,
of rubber products,
variety
industrial
.
engaged primarily in the manu¬
;
needs
well
yearr.
r
-
has .been purchased
tract of land
storage battery manufacturing, plant, to
Government regulations will, permit, was made
V. Badgley,
the
General
'
21,379,381
'
the production of many of the company's peace-time products, the elim¬
ination of some and the expansion of others.
During the past three
....
,
and
War-time
wide
a
Company
to others.
sale
"
-
27-acre
a
passenger cars,
a
of
'
"After
i
1.871,209
sale of
numerous
chemicals
1943
$
and
facture
this account includes the amount,
modern
new
Consolidated
compared
1,836,000
__
____
income
common
number
common
Amount
on
to
Quarters Ended March 31—
"
ma-
___
pfd. cap. stk.
earned
Average
♦In
war
profits taxes—
Amt.
1
bonus
foreign
.
Company and its subsidiaries are
'■
1945 and 1944
General Precision
shares
Net
Divs.
<fc
of
renego.
contracts
Employees'
by
_
soon
1879.
p.
24,149,082
Post-war conting. & rehabilita..
Retro,
pdice &
other
adjusts.
which
may
arise in
connec.
XU.
as
facilities
produced
■
Sell., gen. & admin, expense.._
Deprec. &, amort, of real eatate,
plants rind equipment..
the
held
1942.
in May,
by the company,
,
sundries.
a
planned
1.023,994.678 1,132,604,552 818,483,884
with
!
»
tubes,
$19,417,612
Brunswick,
for
taxes
1945
Total
i
'
r
,
and
Building and
1,022,693,175 1,130,271,403 813,529,947
equity
Dr61,351
532,750
3,082,728
income
of
1944.
and
April 28 by O,
.
Cost
,
by the company, with only a small portion of the consolidated activities
% being carried on through subsidiaries since the liquidation of Hood Rubber Co., Inc., a former subsidiary, and the acquisition of its assets
31,
Division
built
1944.
,
Motors
$815,054.
+Excludes
cost-plus-fixed-fee con-
1945,
under
Account, 3 Months Ended March 3J
;
■
•General
of
Announcement
site
■•')
*
sales.
(Other
others
of
stroyer:,
New
,
Consolidated Income
Net
account
justment Board have not yet been
432,489 em-
totaled $323,167,921,
2,
business
1944 and 1943, respectively, iess the applicable portion of
income taxes paid In the first quarter of 1945 and
1944.
It is im¬
possible at present to determine the exact amount to be refunded for'
the year 1944 since discussions with the War Department
Price Ad¬
Earnings
first
$363,100,279 for the first quarter of
1
for
sheet.
batteries
of
list the bonds
1912, and is the outgrowth of a business commenced 75 years ago.
The
as
now
constituted is conducted for the most part directly
2,215,023,703 2,182,609,504 2,323,166,977
the years
for
$1,130,271,403
everything
Listing—Company has agreed to use its best efforts to
due course on the New York Stock Exchange.
in
620,614,421
644,613,544
accrued interest.
prices, in each ca3e with
provided in connection with the renegotiation of war material contracts
1944.
the
34,841,168
receivables;
doubtful
for
held
Note—At March 31,
on the corporation's payrolls,
compared with an average of
fqr the previous quarter and 494,307 during the first quarter
Payrolls in
witih
34,850,276
bonds in denomina¬
coupons in
1948,
employes' war savings bonds purchases and income taxes
and the contra liabilities therefor, are not included in the
for
indirectly essential to the support of
or
441,043,400
v
program,
the
Sloan
•; v.
calculated to retire approximately two-thirds of the
Redeemable at option of company at any time
at least 30 days' notice, otherwise than for
sinking fund, at 103% prior to May 1, 1946, and redeemable for sink¬
ing fund at 101%, on Nov. i, 1943, with reductions in the redemption
will be under the direction
V of B. A. Dollens, manager of Delco-Remy battery operations..
The
$1,048,456,895
'■<■
plant's facilities will be devoted entirely to- the production of Delco
81,814,508
-123,886,301
$1,022,693,175
these totals Mr.
reporting
....
First Quarter
$879,168,936
123,482,789
sales
V':'
\
bonds prior to maturity.
in whole or in part on
183,564,400
441,043,400
648,652,373
reserve
withheld,
1944
$899,210,386
products
Total
♦
First Quarter
1945
War
1.973.414
183.564,400
34,850,276
($13 par)
Note—Cash
airplane
General Motors'
-
Deliveries—
convertible preferred will be
New York, the underwriting
of
Co.,
1945; due May 1, 1965.
Coupon
registerable as to principal only,
1,
$1,000,
mericing in
1,973,414
1,973,414
of
following table:
'
6,973,603
7,638,963
183,564,400
441,043,400
December, 1944, $586,854,206 in March
1945
in
1945
16,181,413
14,891,231
,
in
comparison with the
1944 and the first quarter of 1944 are shown in the
first
18,659,187
1945, $18,792,298.
(Held fcr bonus purposes (1945) 103,514
shares).
SAfter reserve for depreciation f including amortization of
special war facilities) amounting to $647,371,284 in 1945, $631,652,398
-v.
the
76,051,805
19,778,480
•_•_
l__r
"After
with
engines, ;%
production."
fourth quarter of
2,874,850
76,051,805
subs.
foreign
&
definitive registered
denomination of $1,000, $5,000 and approved
multiples of $5,000.- Principal and interest payable at principal office
of Eankers Trust Co., New York, trustee.
Subject to sinking fund com-
6,613,810
3,901,87ft
together
items,
air-cooled
the
for
account
7,028,561
May
of
tions
bonds without
tracts:
heavy
war;
6,536,073
76,051,805
stock
inventories
volume
to
rapidly expanding fronts;
and marine Diesel engines for pow¬
48,711,404
surplus •
Total
meet
to
in
were
to
Allen
by
1880.
p.
History and Business—Company was incorporated in New York May
the
lines
supply
amphibious operations,
and
guns
drive of
1944
of
part
agencies
5,312,967
57,379,015
6,536,185
Earned surplus
"Some items on which schedules- were
latter
the
in
procurement
maintaining
Naval
'airplanes
1
the
5,237,951
57,763,202
income
Common stock
increased
production
during, or by the end of, the quarter.
Schedules on certain other
items
were
tapering off or were discontinued in accordance
with
military needs.
•' J-...;
-"•'7'.;;.-..:;.;;
',7.
"During the first quarter of 1945 deliveries of General Motors'
iwar products included large numbers of tanks—the new T-26 General
'Pershing 45-ton tank; the N-24 and the M-4 General Sherman—for
or
demands
Dated
6,329,543
General
requirements of the armed forces
the stockholders.
held
stock
common
Preferred
for the offensives
; which are overwhelming Germany and freeing the Pacific, production
of
war
materials
in this
period continued at high volume levels,"
Mr. Sloan told
2,294,555
Minority int.—pref. stk. of sub.
quarter of 1944 and $li)48,456,895 in the first quarter of last
year, Alfred P.
Sloan, Jr., Chairman, states in his quarterly report
to the corporation's more than 420,000 stockholders.
the
7^ 2,294,555
of
warranties and
fourth
"Reflecting
2,294,555
shares
200,000
public
161.
managed by Goldman, Sachs & Co. and Dillon, Read &
Co., Inc. on May 1 offered $35,000,000 first mortgage
bonds, 2%% Series due 1965, at 100V2% and accrued
interest.
The issue was heavily .oversubscribed.
pay-
conting. & rehabil.
Contingencies & miscellan.:
$399,064 7
with
compared
as
be
to
the
to
Goodrich Co.—Bonds Offered—An underwriting group
pay-
Postwar
,
7
totaled
1945
4,054,918
of
issue
new
351,295,344
of
(portion
The conversion rate, he said, was voted
for one share of Convertible
Mr. Frazer explained.
The
3,850,807
already authorized but
plus 544,769 shares
preferred.
firm.—V.
265,499,311
stock,
common
will be reserved in an amount sufficient for the conversion
new
preferred, with the balance being available lor other pur¬
offered
treasury)
Deferred
>
V
General Motors Corp.—Report for First Quarter, 1940 >
Deliveries of war materials by General Motors in the first quarter
of
14,358,472
28,205,206
.......
bonus
estimated
preferred
by stockholders at three shares of common
34,307,000
21,698,036
payable on preferred
Employes
common
par
new
new
poses,
61,700,000
17,074,000
313,910,810
be
of SI
the
the
of
—
to
Frazcr, Chairman, announced that the authorized capital
will be increased by 260,000 shares of a new $25
convertible
,
cash):
in
Dividends
financing program to provide additional working
post-war automobile and farm equipment
stockholders at the annual meeting held
unissued,
renego.
(portion
Financing
of the company
5%
The
4,595,215
payable
Capital
;
129,293,713
"
1,578,697 7
$0.15
$0,15
$0.16
985.
p.
45,118,583
foreign inc. and exc.
refund
,$404,391
1,569,797
"
—V.
144,480,364
contracts
•7 Employes
bonus
,v
total estimated
1,569,797
$427,256
;
,
shares
128,945,199
$5,000,000
—
April 30.
Of
taxes and at March
1945 and
1944 renego.
Allocable
Net
140,265,822
Corp.
Motors
preferred stock, and by an additional 1,000,000
stock.
[V
stock, however, the company plans public
offering at this time of only 200,000 shares, the balance being reserved
for
such
purposes
as
the directors deem advisable in the future,
Mr.
Frazer said.
'
•"
182,041,736
profits
7
Mar. 31, '45 Mar. 25,
charges.......,....,,,,....
$1,074,973
taxes............. i ';-; 647,717
Earnings per common share!...
181,085,059
miscell.
Reserves—Employe benefit plans
income
'Common
with
has authorized the listing of 3,409
stock (no par) upon official notice of
in full therefor by the transfer and
Exchange
common
payment
reentry Into the
approved by the
Joseph W.
other
and
of
$5,000,000
for
was
shares
178,252,495
39,208,998
material
war
U. S.
capital stock (par $2),
$1,042,330; capital surplus,
surplus, $224,483; unrealized, net .appreciation of
13 Weeks Ended—
608,005
corporation of certain land, buildings and machinery
of
General
Mining Associates,
making the total
to be listed 1,038,940 shares.—V. 161, p. 310,
the
to
new
fields
$
$
••
Advances on govern, contracts.
;
General Baking Co.—Earnings—
Federal
686,342
1,059,032
authorized
capital
agencies
accrued
for
Gov.
Stock
upon
Graham-Paige
12,626,869
contracting
S.
Taxes,
Net
1,223,537
766,016
Co.—Listing of Additional Common Stock—
York
equipment
par
connection
in
earned
total $13,591,006.—V. 161, p.
866,090
523,290
Program Voted—200,000 Preferred Shares to Be Offered
2,215,023,703 2,182,609,504 2,323,166,977
reductions
Retroactive
price
of
receivable, $21,030; receivable
capital stock, $65,319; cash on deposit for scrip
unclaimed dividends, $2,804; total, $13,591,006.
investments, $1,727,513;
232,425
1,823,505
641,230
shares
and
amount
A
patents,- ete.T»a.^
to
of
directly
for securities purchased, $120,700; pay¬
able on own capital stock repurchased, $23,677; accrued expenses and
miscellaneous taxes, $17,493;
unredeemed scrip and unclaimed divi¬
$2,804;
362,320
2,666.433
1543.
New
delivery
and
adjustments which may arise
Liabilities—Accounts payable
$10,432,006;
,332,414
2,540,498
income
id. p.
issuance
deferred
price
-
*
dends.
180,485
5,312,967
292,468,554
U.
Due
; ■■■'■.
to
redemption and
254,188
32,506,852
6,329,543
ui--.
•;%
agreement, $768,091; dividends
subscriptions
on
1942
$658,371
2,476,083
railway
Glidden
543,816,891
133,334,591
payable
Taxes,
payrolls,
warranties,
and sundry accrued
items..
Balance Sheet, March 31, 1945
Assets—Investments, at market quotations (cost, on basis for specific
certificates purchased, $11,006,249), $12,733,762; cash on deposit, under
custodian
420,396
"
railway
oper.
The
113,139,032
525,787,881
>
33,365/
i
ry.
387,390,947
Liabilities—
$33,465
deducting net loss on sales of investments charged
to deficit,
(Includes $62,494 charged to earned surplus.
from
Net
stock
1944
•Before
1943
$916,130
372.692
income
oper.
from
Net
302,500,000
108,793,509
Accounts
$50,970
__
ry.
on
—$77,000
_•
1944
$958,884
211,680
railway
additional
Total
from $1,361,266 to
rz-'w ;
/"j- (^ i
$54,450
26,030
18,985
~2.0C0
$687> 197
From Jan. 1—
~~v,
427,500,000
assets
equipment
(Goodwill,
1945
from
Net
31, '44
396,252,674
....
Prepaid expenses and
charges
Ended March 31
Three Month
Income,
dividends)..,
(cash
Income
1945
$831,598
railway
irom
Net
re¬
stock in treasury..
estate, plants and
(Com. cap.
§Net
notes
not consol.
cos.
investments
Miscellaneous
Report for the quarter ended March 31 shows net assets at market
$13,426,332 and net asset value per share of $25.76, comparing
$12,420,423
and $24.73 at the year-end.
During the quarter
$1,727,513.
$669,197
Georgia RR.—Earnings
March—
with
securities owned, rose
1944*
'1945
$41,625
$42,225
1772.
355,383,322
...
on
1944
$728,472
Jan. 1 to April 14
-
1944
1945
*■
*
revenues
161, P.
Gross
$
169,044,392
________—____
Invests, in sub.
Other
Mar.
Dec. 31, '44
So
402,500,000
339,003,584
Govt.)
S,
receiv,
ceivable, etc.
(Inventories
net
appreciation
/-
■...
Operating
$41,275
Week'End. April 14
(short
,
cost
at
"Other accts,
Fundamental Investors Inc.—Assets Up—
unrealized
revenues-
Period—
Gross
264,357,670
—r.
__
Accounts
.
of war contracts for the year 1943 has' been
adjustment, after credit for applicable Federal
provision made therefor in 1943 by the amount of
$64,605.
This amount has been charged to earned surplus in 1944, but
has been reflected in the revised profit and loss statement lor
1943
included herewith.
The company has made provision for renegotiation
lor the year 1944 on the basis indicated by the settlement for the
preceding year.—V. 161, p. 1201.
-V-^
of
Operating
Sheet
•y-v $
Cash
taxes, exceeded the
<
Balance
Mar. 31, '45
Assets-
Note—Renegotiation
The
April 21
1945
$719,271
1944
;
$42,300
V
$43,489,206.
completed.
1945
portion of the earnings
of foreign subsidiaries as could, not be remitted because of foreign
exchange restrictions.
(2) Corporation's profit for 1945 on war ma¬
terial contracts is subject to review and possible adjustment through
renegotiation by the Government.
While provision of $37,376,000 has
been made in 1945 for retroactive price and other adjustments which
may arise in connection with the renegotiation of war material con¬
tracts, it is not possible to determine the effect of such renegotiation
on the above summary of consolidated income.
\
<
$13,136,323; trade accounts and
provisions for renegotiation, $5,205,182; customers' deposits and credit
balances, $325,076; salaries, wages, commissions, and employees
de-'
posits, $1,459,311; taxes withheld from payrolls, $152,921; taxes, other
than
Federal
taxes on
income, $594,706; interest,
$76,606; Federal
taxes on income (estimated) (after deducting $1,412,689 U. S. Treas¬
ury savings notes, series C, to be applied in payment, at cost plus
accrued interest), $3,390,601; mortgages payable (on land and budd¬
ings having cost of $1,418,538), $520,292; reserve for self-insurance,
workmen's compensation, $150,000; reserve for deferred costs of war
production, including plant reccnverslon of $250,000; deferred finance
revenue,
$71,335; 4'/3% convertible preferred stock, cumulative (par
value $100),
$7,500,000; common stock (par value $1 per share),
$397,821; capital surplus, $1,698,482; earned surplus, $8,560,548; total,
Jan. 1 to
Week End. April 21
*
,
"
Notes—(1) Net income does not include such
payable to banks,
Liabilities—Notes
Period—
-646,000 in 1944, and $24,992,000 in 1943 (after deducting post-war
credits of $4,153,000 in 1945, $4,961,000 in 1944, and $2,777,000 in 1943.
$374,770;
and other expenses,
insurance,
taxes,
total. $43,489,206.
$770,190
•
property, plant; and equipment (after reserves
depreciation of $1,646,660), $4,397,468; war emergency facilities,
cost
(after
reserves
of $1,118,093
for amortization), $984,.-92,
$123,037;
investments,
and
1944,
$343,800), $9,612,704; inventories, $18,314,739; investments
advances
to
subsidiaries not
consolidated (100% owned),
of
and
in
Georgia & Florida RR.—-Operating Revenues-
1945, $103,154 in
amounted to $95,858 in
interest received
dends and
receivable (afte*
accounts
and
notes
trade
$4,121,048;
44,130,038),
reserves
Monday, May 7, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
1998
standing
portion
of
the
V-Loan
from: time to time,
was
and
on
credit.
The amount of the loan
March 31, 1945, the amount out¬
$20,000,000.
Underwriters and
Offering Arrangements—Each
of the underwriters
Volume
161
Number 4383
-
"
•;
THE COMMERCIAL & FINANCIAL
CHRONICLE
•
-
has agreed,
severally and not jointly, to purchase, the principal amount'
of bonds set
opposite the name of the underwriter below:
Haverhill Gas Light
*
Goldman, Sachs & Co.__$3,200,000
A. C. Allyn &
Co., Inc._
250,000
Bacon, Whipple & Co.—
100,000
Baker, Watts & Co.—
100,000
Baker, Weeks & Harden
200,000
Ball, Burge & Kraus
100,000
Blair & Co.,
Inc
Frank B
,
&
Co.
Masten
&
Securities
Merrill
Lynch,
Merrill,
&
Corp.-
Co.—
>
Moore, Leonard & Lynch
F.
250,000
S.
Maynard
H.
Murch
Co.
Ohio
Co
House
&
Co.—
150,000
Otis & Co.—
Paul
H.
Davis
&
Co.
100,000
Paine,
Dick
&
Merle-Smith—300,000
Eastman, Dillon & Co.
200,000
The
First
Boston
First
Cleve.
100,000
Reynolds &
Ritef
tank
1,000,000
&
Co.-
250,000 '
500,000
Co.—
1,000,000
Stone
250,000
600,000
300,000
Retirement
Union
600,000 i V
Wertheim
White,
&
&
Co
300,000
Stubbs
1,200,000
C.
Langley & Co.—
Higginson Corp.—v
161, p. 1879.
Co.—
750,000
income
of
of the most
one
is
paste,
the
polymer
resin
plants
emulsifier
and
pumped
——_1
—*
Operating prolit
Income
and
Depletion
Net
and
Net
300,000
depreciation
of
Earnings
1944
1943
$156,258
21,327
36,577
31,657
69,782
•
71,801
$2,158
$39,906
450,260
450.260
i.
450,260
share.*—------------
per
$0,005
$0.09
y
$0.12
161. p. 2543.
$52,800
Materials
on
common
38,037
Gross
Net
Net
'
ry.
income—
oper.
From Jan. 1—.
Gross
1,481,096
1942
1,861,788
2,040,423
1,224,503
railway.—
railway-—*-
42,375,201
44,366,090
37,829,280
13,150,947
11,411,490
7,478,573
4,009,927
4,861,694
5,125,900
161, p.
supplies (at
Reserves-
Gross
Net
ry.
railway—
railway—
from
Gross
$244,171
$239,886
:
$196,202
77,790
101,874
from
37,083
72,258
42,931
704,093
184,563
from
67,242
650,484
Gulf & Ship Island
March—
164,418
105,149
Net
ry.
'
$317,482
121,204
income—
oper.
from
railway
railway—
Net
ry.
—V.
4
'
'
'
'
income—
oper.
161.
KJ.
A
1426.
p.
•
-
I
-
I"
•
t
-
Gulf States
V '
T r
$255,273
40,935
4,811
51,150
793,340
749,058
122,544
295,459
197,487
126,671
'
•
"
-
-
.
in
83,544
of
Utilities
Operating
revenues..1_
$1,547,277
$1,358,898
——_——-
561,708
481,741
Maintenance
71,812
126,804
——
Depreciation z——
Amort, of plant acquis.
152,409
t.
to,
issued
57,550
or
1944—12 Mos.—1943
51,489
899,657
Other
taxes
•
4,162,409
1,272,972
87,530
:
oper.
Other
revs..—11
income
$290,178
(net)
$341,521
4,259
$3,403,017
Interest
—
and
100,185
1,152,705
$2,234,760
$2,124,603
resulting
inc.
from
7,042
523,102
$257,956
$2,757,862
$2,209,100
dividend
requirements
589,400
....
,
584,967
■
declared
at
»If
received
effective
$107.50
all
per
shares
.......
Selling, advertising and admin,
expense
1944
$3,027,760
2,170,980
$2,390,775
246,145
183,348
...
York
1,912,879
Other
profit
...—....—..
income
$610,635
$294,548
3,193
income
Allowance
State
and
Federal
of
$295,938
emergency
plant
41,677
facilities
37,238
for contingencies—_—
Federal normal income taxes—
excess
profits
133,000
ffo, 000
Gross
Stock
and
to
33A%
less
income..
Earnings
per
the
stock
preferred
than
all
will
stock
the .number
shares
than
more
common
1_;
share.
—
:
161, p. 987.
•
interest.
$187,151
$0.36
$0.26
Payment will be
16
than
at
outstandMarch
31,
Debentures—
made
at
the
Bank
Streets, Baltimore, Md.:
Street, New York, N. Y., or
St.
Louis, Broadway at Olive
of
;
accrued
at
the
at
the
Street,
'
receive
may
Maryland Trust
Redwood
Wall
immediate
interest
to
debentures.—V.
payment
July
161,
I,
at
1945,
the
full
redemption
presentation
upon
anU
1881.
p.
*
1945
1944
1943
$0.51
$0.60
$0.76
$0.60
deducting all operating costs, including
administration, depre¬
estimated
income taxes,
tBefore depletion,
iAfter de¬
SOn 2,757,973 shares.—V. 160, p. 2403.
•
Idaho Power
Co.—Earnings—
1944
Operating revenues—.,
Operating
expenses
Federal
Federal
Other
1942
t$l,40l,705 t$l,643,683 t$2,086.460 t$l,662,054
12 Months Ended Dec. 31—
income
Charges
$7,292,377
2,418,123
2,165,021
taxes—*
521,225
308,000
„
tax
665,006
taxes-*
;**
205,421
lieu of
inc.
retirement
and
exc.
reserve
prof,
197,690
963,825
—
—
in
Property
1943
$7,634,047
....
*
profits
excess
Federal
Other taxes
dissolu¬
or
Mining & Smelting Co., Ltd.—Earnings—•
937,651
taxes
905,500
of
the
100,000
of
5%
shares
to
proposed
shares
of
preferred
of
the
Net
be
5l/o
v
operating
appropriations
Other
income
revenues
758,000
—
750,000
$2,102,447
_
$2,028,515
(net)_*__'*
4,182
4,312
$2,106,629
$2,032,827
stock
5%
pre¬
Gross
Net
income—
income
'Net
deductions,*^*--,—
income—
700,486
806,976
$1,406,143
—
$1,225,851
Balance
Sheet,
31, 1944
Dec.
and
alter
directors, if the exchange
exchange has taken place, to
the
share,
plus accrued
dividends
to
date
of
of
5'k. preferred stock not deposited
and
list
the
33,4$>
new
preferred
stock
on
Exchange.
pay
the
$4
785;
plant, $39,855,502; investment and fund accounts,
pash in banks—on demand, $670,339; special deposits, $35,working funds, $20,420; accounts receivable, $577,198; material*
and
supplies,
share
per
through
the
on
bank
100,000
shares
loans.
ex¬
-
Income
Account
1945—3 Mos,—1944
opers._
$4 621,212
2,470664
expenses
inc.
from
income
,
•
•
1945—12 Mos.r-1944
$4,484,596 $17,877,472 $18,062,996
2,500,688
9,647,125
10,516,358
opers.l
$2,150,548
$1,983,908
$8,030,347
$7,546,638
credits-
1,124
10,671
27,148
25,046
Prov.
tRefund.
50,350
48,943
217,838
247,315
733,106
708, bOO
2,686,040
2,553,120
Cr567,000
—
Fed.
inc.
portion
profits
$2,151,671
tax
Cr300,000
paid
for
profits
L
income
Interest
$1,994,579
inc.
&
$8,057,495
$7,571,684
excess
excess
taxes
int.
earns,
137,338
623,940
(contra), $12,931;
preferred
preferred
stock,
total,
stock
$121,174;
$1,099,498
$4,829,677
$4,864,623
3.505
1,457
14.364
2,759
income
com.
preferred
first
mortgage
dividends
bilities,. $45,718;
$5,610,010;
justments,
accrued,
deferred
reserve
$254,055;
for
$40,391;
other
credits,$602,741;
amortization
for
reserve
of
current
property
electric
uncollectible
and
accrued
retirement
acquisition ad¬
accounts, $23,185; re¬
reserve
for,
injuries
construction, $184,554;
$1,094,358;
$42,945,390.—V. 161, p. 1772.
Gross
1945
from
from
Net
ry.
railway
railway
income—
oper.
total,
5
Illinois Central. RR.—Earnings of Company
March—
lia¬
reserve,
plant
for
inventory
adjustment,
$4,568;
damages, $6,109; contributions in aid of
consignments
(contra),
$12,931;
earned
surplus,
serve
$19,046,999
6,743,315
2,314,583
1944
Oply—
1943
1
1942
$19,135,988
$17,900,350 $13,483,153
7,060,790
6,313,125 l 4,464,882
2,501,029
3,100,272 * 1,974,473
From Jan. 1—
Gross
from
from
Net
ry.
railway
railway
income™
oper.
161,
54,180,278
53,916,820
51,513,309
19,001,501
18,844,519
18,238,712
6,625,328
6,589,427
9,090,974
37.430,283
11,319,233
1
5,470,403
1881.
p.
Illinois Terminal RR.Gross
from
Net
ry.
$1,098,041
T 225,000
$4,815,313
900,000
$4,861,863
225,000
722.506
2,926,149
2,890,024
$0.44
$0.40
$1.80
$1.82
Net
from
tThe
Net
ry.
•Including provisions for losses
corporation has filed a claim for
on
900,000
Instalment notes receivable.
refund
of
Federal
excess
profits
tax
railway——
railway
oper.
-Earnings—
1945
,
from
758,631
share
$6,058,700;
par),
stock ($20 par),
bonds, 3^8% series due 1973, $18,000,000;
accounts
payable,
$48,562; liability for preferred
stocks and bonds
called for redemption (cash in special
deposits), $35,785; ^customers*
deposits, $36,013; taxes accrued, $1,694,662; interest accrued, $71,875;
March—
$1,177,666
dividends
per
$42,945,390.
($100
common
473,626
of
company—
pfd. stock dividends
JEarns.
prepayments,
$20,279;
other
current
and
deferred debits, $939,002; capital stock expense,
cumulative
4%
on
$9,000,000;
—V.
187,045
$1,181,171
in
subsidiary
Net
$534;
consignments
Liabilities—4%
Net
tax '
income
Minor,
$277,641;
assets,
$253,430:
premium
•
to
Assets—Electric
and
Operating
5%
$148,700
receivable
more
Texas—Calls 4*4%
and
Co.,
earnings**:—
pletion.
redeemable
be
for
Consolidated
inc., from
Common
Net
<
notes
$2,191,408
and
Net
77,000
of
§Per share
-
preferred stock are Jo
stock, except: (1) the
preferred
175,000
tax
was
liability.—V. 161, p.,1772.
Co.
Calvert
of
net
ciation
;on
1,390
$613,828
——V-
This
3 Mos. End. Mar. 31-^-
"Est.
of
of
$107.50
Net
Total
Amortization
18
has called for. redemption on July 1, 1945, all of the
sinking fund debentures,'due May 1, 1954,
National
surrender
of
the-exchange is declared effective and 80,000 shares of 5ck pre¬
stock are redeemed, the $9,000,000 to retire the
80,000 shares
Canadian
Gross
and
plus
Net
1945
—
sales
Oil
Louis, Mo.
price,
.
The
so
Co.—Earnings—
Quarter Ended March 31—
—V.
of
shares
for
Gross
of
100,000 shares
outstanding.
now
exchange, holdings in lots of 20 shares
for exchange in full; holdings in lots of 21
will, be accepted on a pro rata basis to the nearest full
provided,, however, that in cases in which the proration would
do
Other
Sales
06'2 650
465,394
14,302,828
15-year 4'A %
Trust
•After
or,over
New
Net
Cost
of
5'k
161, p. 310.
Hamilton Watch
465,394
than on Dec. 31, 1944.
company prepaid $3,200,000 of its term'loan due
This left a balance due on the
loan of $4,800,000
current
a
trustee,
Holders
'.
preferred stock plus $4 in
preferred stock, with adjustissuance.
The offer expires
3%"k, (2)
outstanding,
84,497
$260,741
1
-
: r
,.
be
shares
of
'■
43,590
Balance
Preferred
date
the
of
changed, "would bfc obtained
1.——-
St.
holders.of
like number of shares
a
shares
180,000
to
25)
emergency
facilities
—V.
April
exceed
ferred
at
*
of
to
.
.
1.1
123,^12
18,000,000
i
1945.
1946.
Boatmen's
•
5,
the 5'k preferred stock who desire to make the
exchange
by delivering their stock certificates to J. P. Morgan & Co.
Incorporated, agent. New York, N. Y.
1,225,184
$250,914
amort,
to
exchange.
Application will be made
the
77,287
taxes
,
those
80,000
are
redemption,
may
$217,151
Fed.
(dated
not
exchange for
the
of
rate'will
exchanged.
stock
redeem
$3,349,787
amort-
in
lOlVi
Co.,
accrued
Drl5,551
income-——*
deduction
with
be
be
is
If
Net
750,000
18,000,000
—21,675,180
$282,3,30;
$3,387,465
$351,100
*
-
par>_*_*_
the
31
now
Bankers
July 1, 1947; thereafter and
share, and thereafter $103.50
Holders
Balance
912,755
?
less, will, be accepted
$3,295,775
54,012
9,578
$294,438
»
at
•
plan
1,188,976
191,539
961,358
had $63,944,426 of customer
company
the acceptance of less than 20 shares of 5'/o
preferred stock,
shares'thereof will be accepted for exchange." Shares of 5'k
pre¬
stock received and -not accepted for
exchange beeause of pro¬
rating will be returned to depositing stockholders.
It is the present intention of the board of
3,432,886
947,50G
87,049
10,868,052
31,
Houston
$3,429,928
—
Exchange Offer Made to
Unexchanged 5% Preferred
—
-
258,372
•
$3,506,575
in part at, and entitled in voluntary liquidation
or
accepted
Net
■
376,237
104,384
3,177,966
;
$722,214 less
31.
The
.
20
193,809
4,023,622
profits,
;
result in
1,460,357
193,809
16,150
March
outstanding
20,000
133,944
ferred
753,084
1,519,711
122,093
but
March
•
$107.50 per share on or before
before July-1, 1949, -$105 per
will
share;
$17,484,302 $15,398,188
6,032,723
5,073,298
'
16,150
—,—_
out
dividend
preferred' stock
?
adjustments
Federal income taxes-
stock
per share.
As the number
Co.—Earnings—
Operation
20,000
preferred stock in
dividend
or
on
excess
liabilities—....
Canadian
exchange fluctuations
March
on
which is
•
977
Redeemed—-Quarterly Statement Issued—
accrued
whole
tion
513,138
715.120
298,290
—983,631
income,
taxes
*—i.
1944,
530,683
183,150
$8,000,000
1,126,125
others,
pension fund contribution.^
i;On
>
13,132
1,824
:
$4,800,000
337,650
and
..
.319
—*
65,075
436,385
v
plan)
stock
The company
ing
«
;
.■
1944—Month—1943
-
105,536
'
.319
:
Stockholders
identical
ferred
Period End. Dec. 31—
construction.!
'
9,066
•
for
86,259
78,556
surplus
the exchange is one share of 33AVc
for each share of
outstanding 5'k
shares
^
of
in an exchange offer
preferred stock offers to issue
cannot
i '
14,828
116,488
V
...
company,
annual
$201,403
142,233
802,380
:
of
cash
1942
109,571
228,566
,,
1,264,000
11,339
—
169,410
353,585
surplus'
$1,350,000
22,600
...
3% 'k
be
1943
$300,835
85,162 V
aid
...
preferred
basis
From Jan. 1—
Gross
Net from
*
railway..—
$1,350,000
May. 16, unless extended by the company.\
The preferences and lights of the new 3%'k
1944
railway——
from
Net
1945
$3,429,928
570,363
5'k
188,575
RR.—Earnings—
.*
from
$3,506,575
3% 'k
surplus
5 'k
.ment
Gross
3,709
—
tax
(net)
160, p. 2403.
The
the
545,041
254,849
125,563
72,812
2,921
...
new
735,186
244,857
,
!
par)
deposits*—-*.—
Stock to be
71,252
20,157
"
67,616
advances for construction
Preferred
1942
.
railway.J
railway
Net ry. oper. income.'
—V. 161, p. 1543.
/
Net
($25
Household Finance Corp.
1943
profits
improvements
Canadian
Hudson Bay
62,236
income—
oper.
From Jan. 1—
•
$249,243
from
Net
1944
cost).—„
average
28,216
•
Total
excess
25,061
567,000
prolits
$64,215,631 $65,197,759
"Represented by 2,167,518 shares in 1945 and
722,506 shares in 1944.
Notes—At the meeting of. common
stockholders held March 12,
1945,
the company's certificate of
incorporation was amended to provida
•fora split-up of the common stock
on the basis of three shares for
one.
Two additional shares for each
one share held were mailed to
common
stockholders on March 27.
309
Earned surplus—1
3,292,111
excess
preferred stock authorized ($100
Common' stock of no par value—
59,i26
371
accounts.^-..-—v———*—
Customers'
RR.—Earnings-
1945
55,393
'i;■,
——
payablejiL--*^^—
Accrued
Federal
"
mortgage,
—V.
Green Bay & Western
60,184
companies..
55,070,511
accounts
etc
thrift
Earned
,
r
1543.
March—
92,049
50,162
——
...
Capital
27,901,650
9,822,907
income—
from
ry.* oper.
98,186
1,227,000
associated
Contributions-in
v-
from
Net
Net
—V.
1943
railway.^— $14,920,170 $16,351,037 $14,022,012 $10,097,440
railway
3,592,735 *' 5,327,426
4,694,215
3,088,540
of
and
Total
1943
v.
3,204,991
31,540
of Canadian
Capital
$3,113,522
—
from
Customers'
from
from
*
148,100
1944
; (Totai
Accounts
(net)
notes and
$158,960
$3,166,662
'
65,263
1944
$5,742,478
1,469,999
*.
Minority interest in subsidiary
company*—137,569
48,621
135,000
31
1945
$4,006,013
contingencies
Reserve
Sheet, Dec. 31
Prepayments
First
1914
cost)
(employees, officers,
for
market
$64,215,631 $65,197,759
to
and
free
those periods.
;
(at
the
57,239,528
banks
,
capital
Reserves
$207,581
$184,391
for
Sheet, March
payable
Miscellaneous current
12,948
of
average
—
payable
and
$194,633
47,733
_
of
rate
$135,126, $554,154, $103,487»
11.51%, 9.42% and 8.53%, re¬
Dividends
1,250
stock—,.
Balance
periods
Canadian
official
to
loans, banks (due March 31, .1946)
payable, banks
—J
Federal
326,449
50,000
:
————
and
refund
equipment
and
,*—
of
Cana¬
.867,000
receivables,
pursuant
;
special''funds——
Cash
_L.—
Teihporary .caSh Investments
Accounts; receivable—
'
Receivables
in
portion
Total
87,920
;
1
Comparative
Liabilities—
Ry.—Earnings1945
Post-war
:
Balance
receivable
Office
Notes
$194,087
*_i
*.
declared
Capital stock
Great Northern
the
at
paid
Notes
$232,124
deductions-..*
income.:
the
„—*
Other
1943
50,000
Miscellaneous
.
Ma rch-
and
5%
Utility plant—
v
shares——-—
common
tax
into
40,541
——
at
.
and
advances, employees'
Refundable
' $660,251
accrua.s——*2—'
—
conversion
on
generally
■
notes
receivable
by
81,030
income—
Dividends
.
Co., Ltd.
$131,015
$40,892
taxes..—2.157
profit—
Number
—V.
1945
.
*,
—
other
(based
amounts
Government securities
Travel
.
Power
1944,
1943)
Liabilities—
—_
nperating,Income*——i—„_
hand
on
S.
:
•
-
Instalment
storage
polymerization of
tax—
Assets—
&
shipped
$684,921
319,263
deductions——.
reserve
'
Granby Consol. Mining, Smelting
is
1944
taxes—*-*
profits
>•!
3 Months Ended March 31—
U.
.
promising chemi¬
300,000-
1 ,!
and
for
Consolidated
Assets—
being used in sizable quan¬
•
-
income———
Gross
Income
250,000
-
Wisconsin
' Dillon, Read & Co., Inc. 3,200,000
500,000
,
»
"■
Dean Witter & Co.—
Co.——
;
Development— \
then
excess
Utility
Other
Co.—500,000 -l
Weld
_.
:
Whiting, Weeks &
.
The
—V.
-
100,000
:
form
revenue
Federal
Kuhn,
Lee
r
250,000
100,000
the
ievenues_.i—;
Federal
Kidder, Peabody & Co._ 1,000,000
Kirkpatrick-Pettis Co.—
100,000
W.
Operating
Operating
Spencer Trask & Co.—
Co.;—100,000
v,-^
S.
Goyevrnment
is
100,000 *:
Corp._**_
1944
dollars
or
approximately 11.47%,
spectively, of the consolidated net income
Houghton County Electric Light
Cd.—Earnings-
Tucker, Anthony & Co._
Johnston, Lemon & Co.Kebbon, McCormick &
U.
in
It
150,000
Securs.
1945
and
States
to
.
51,597
Cash
calendar Years—
500,000
Co.——-—
&
„
100,000 '
100,000 c
Inc
1945
exchange
•
•
.
Powder Co., Inc.—New
to
car
Stroud & Co., Inc.,
Swiss American Corp.—
600,000
250,000
31,
United
to
of
Term
Webster and
Blodget,
500,000
Hornblower & Weeks—
W. E. Hutton & Co.—
&
$71,099
63,882
piped to the reactors where the
butadiene and styrene takes place.—V. 161, p. 1880.
-
1,000,000
Stein Bros. & Boyce__„
Stern Brothers & Co.—
..
150,000
Co._
150,000
Barney & Co.—*
March
rates
production
Produced
400,000
Singer, Deane & Scribner
Smith,
Inc.
Noyes
&
4
25Q,000
Hawley, Shepard & Co.Hayden, Miller & Co.—Hayden, Stone & Co.—
Loeb
the
tanks.
Harriman Ripley & Co._
0
in
100,000
Rothschild
250,000 '.JShields &
582
$86,114
$7,429
1317.
p.
Initial
200,000
—
1
•
*.
exchange for
$71,681
505
'
Government's synthetic rubber
program.
of synthetic tires made with resin
emulsifier was
begun in 1944, and the production of both the
polymer and tires
have been continuous since that
time.
200,000
1
100,000
1
ended
chemical industry since Pearl Harbor—
Chas. W. Scranton & Co.
Co.,
$7,095
.1
newiy-developed resin emulsifier which
Scott & Stringfellow
...
$86,619
49
—*
tities
Salomon Bros. & Hutzler
F.
$7,479
a
100,000
600,000
Illinois
Co
Co
outstanding
basis.
corporation's proportion of the net income of the
subsidiary included above for the three and 12-month
dian
35,000
,
100,000
100,000
Halsey, Stuart &
44
150,000
Hop-
&
Co.—
1,000,000
L.
present
$106,681
35,000
$7,140
—_
The company on
May 3 announced
cal materials to come from the
Corp._
Forgan & Co.—
Graham, Parsons & Co.*
Hallgarten & Co.—
The
—V.; 161,
;
Corp.—
Glore,
Hemphill,
&
,
currency
Hercules
.
100,000
Folger, Nolan, Inc
:<
Jaffray
&
$121,619
2,916
—.
Jackson
wood
Co.
&
The
Piper,
Putnam
402,007
$10,396
2,916
250,000
250,000
Fahey, Clark & Co
Richards
Webber,
1
426,248
1,000,000
& Curtis
600,000
Equitable Securs.
:
,
$638,570
$414,799,
150,000
——
Curtiss,
Field,
4,713
.
r
__
Net income——
Dividends declared-
150,000 '
Corp.-'
8,985
accruals
res.
-
Co._.
743
91-5
income—
Interest charges
*.
&
The
&
$101,968
400,000
100,000
Estabrook
$112,633
$682,501
Note—The
150,000 )
Moseley & Co
150,000
-
$9,652
$9,141
$10,056
Gross
Newhard, Cook & Co
:_****.'
102,992
(net)
Retirement
150,000
Co
income
for the year 1941 based on its unused
excess
profits credit for
the year 1943, which claim: has
been recorded in the accounts
by a
credit of $567,000 to income for the
year 1943.
The corporation expects
to file a similar claim for refund
of excess profits tax
paid for tho
year.1942 based on its unused excess
profits credit for the year 1944.
The estimated
amount
of
the
refund
to
be
claimed, $300,000
has
been recorded in the accounts
by credit to income for the year 1944.
tAfter adjusting the number ofcommon
shares then
31,601
114,372
Balance 'i————
100,000
250,000
&
29,246
9,822
oper. ,'i-evs.——
Non-oper.
150,600
E. W. Clark & Co—
Courts
2,183
..
250,000
Mitchell, Hutchins & Co.
100,000
Co
36,565
2,410
■
'
.
Clark,
&
36,517
9,885
Net
600,000 V'
The Milwaukee Co.—'
Co.
_*
$58,224
Taxes
1,000,000
paid
1945—12 Mos.—1944
$57,955
Maintenance
100,000
250,000
Cahn & Co.
Dodge
Co.-^-Earnings—
IS45—Month-—1944
.
".
100,000
Pierce,
&
.
150,000
Beane
Turben
--
revenues-
Operation
.
.
;
Co
Mellon
Fenner
Operating
150,000
—
100,000
& Sons
Republic
(Inc.)
<
E."
A.
Period End. Mar.*31—
1,200,000
/
Mackubiri, Legg & Co.
1,000,000
Bosworth, Chanute
! Loughridge
& Co._
Central
Co.
McDonald
100,000
William Blair & Co.—__
& Co., Inc.—
Brown
&
1
„
Loeb, Rhoades
300,000
Blyth
Alex.
Lehman Brothers
Carl M.
1999
income—
1944
$1,133,881
$1,056,609
$821,211
$644,785
535,078
525,365
358,932
239.033
139,788
120,157
113,708
150,064
3,028,107
2,846,343
2,272,111
1,830,623
1,321,029
1,306,184
978,015
676,142
377,487
358,549
344,475
402,19®
1943
From Jan. 1—
Gross
—V.
from
railway
railway
oper.
161.
P.
income—
1427.
;1942
J<
.
Total
-
Dec.
earnings,
$310,329
$315,075
sold
or
*
463,490
516*191
Cr27,007
income and
prior period
Drl,201
Dt 13,960
<,—
^6,519
------
————
500,692
-
—
in
realized and
provision has been made for Federal income tax, since
elected to be a "regulated investment company
of ist net taxable income for 1944.
N0te—no
has
made of
the companies'
final
approval
of
account increased only $1,295,221 before application
of 1944 provision
for depreciation.
Such expenditures were severely
curtailed
on
account
of
war
time limitations
on
the purchase of
plant
net
offs,
This
equipment.
If
it
.
the
is
condition
has
existed
now
for
three
over
Railway
be greatly increased
will have to
time,
as
equipment can be
as
soon
freely purchased.
;
/
Railway oper.
$1,433,341
1,192,995
'
Railway tax accruals—
234,425
80,939
Equip, and Jt. facil. rents
$4,199,270
3,752,336
99,871
106,068
1,236,558
exps—...
92,793
Net
Total
2,795
—
—
3,138
3,473
9,398
charges——
33,828
41,280
101,516
deductionsfixed
called
maint.
Federal
local
&
965,146
1,080,302
972,222
891,381
$1,127,282
$1,080,708
$1,207,721
504,875
504,875
504,875
504,875
1,127,700
taxes—
charges
1,113,119
—.—i
■'
Bal
avail,
75,588
divs—
for
80,236
Cr22,858
$573,498
.
$542,171
$598,691
812;
31, 1945
Sheet, March
$1,054,900;
stock,
3 Mos. End. Mar. 31—
!
for
deprec.
The
of
&
facilities
Prov.
\
cover
adequate to cover
9,525
36,000
135,000
415,000
$49,722
$103,994
$94,715
Book
(& Subs.)—Earnings—
&
depl.
Prov.
of
Prov.
for
profits
251,425
273,937
2,338,730
2,061,191
1,435,000
1,426,000
1,493,000
Total
excess
earnings
3,068,000
3,674.000
4.887.000
$2,472,734
$2,512,396
$2,796,321
to
$2,689,090
$1.51
$1.54
$1.71
$1.65
share
deducting administration expenses and all charges for repairs
and maintenance.—V. 160, p. 670.
International Great Northern
March!—
Gross
Net
ry.
RR.—Earnings—
1945
from
from
1944
$2,633,190
$2,799,823
$2,493,953
$1,479,743
848,141
railway
1,004,874
1,103,487
377,041
railway
income—
oper.
342,091
1943
342,234
1942
224,011
405,438
From *Tan. 1—
Gross
Net
from
from
Net ry.
railway
—V. 161,
7,321,719
7,541,125
7,147,178
3,988,775
2,117,323
2,552,494
3,201,603
782.782
936,649
railway
929,212
1,225,663
354,536
income—
oper.
1427.
p.
Bankers
will until
5%.
3
Trust
m.
p.
Co.,
trustee,
16
Wall
pulp
102Vi
and
to
exhaust
the
interest.-
John
H.
in
796,777
744,649
2,469,997
_.
-
Street,
New York,
sum
of
Y.,
refunding
N.
A and series B, to an amount
$100,975,
at
prices
not
to
exceed
i
production
1944
2,363,511
and
figures
above
shown
Include
tonnage
shipped
companies for their own use amounting to 45,125
the
47,940 tons
in
1943.
Report—Richard
J.
Cullen, Chairman,
Hinman, President, state in part:
and
the SEC and by
special counsel appointed by the U. S. District Court in Boston were
in progress.
These investigations dealt primarily with the transactions
which are the subject of the suits, namely, the acquisition by Inter¬
national Hydro-Electric System in 1929
of the New England Power
Association common stock and in 1932 of International Paper Co.'s
and
York
New
The
it
and
was
New
stated
that
England
investigations
after
the
to
uncertainties
the
of
inherent
in
all
litigation,
Statement
Consolidated
of
Income for Calendar Years
1944
1943
1942
$
Gross sales, less returns,
and discounts
$
$
Other
allowances
231,572,494
216,122,581 209,400,055
6,211,760
income
Income
Total
5,205,626
4,709,163
Cost
and
on
on
Div.
debt
of
discount
&
>252,600
276,367
11,708,716
13,410,161
889,222
—
subsidiary—
profits
excess
Post-war exc.
of
6,850
4,203,305
net--
19,550,869
16,475,401
19,195,039
507,398
458,691
taxes—
2,214,271
1,112,246
taxes,
581,696
other foreign
before
subs,
913,419
6,850
4,375,040
profs, tax credit (net)
foreign
978,379
6,850
1,211,718
638,951
Cr238,547 Crl.939,335
int.
oblig. held by Int'l Paper Co..
on
33,506
4,038,317
__
Canadian and
Earns,
210,536
expense
taxes
normal
taxes
State
2,712,118
17,695
...
Federal
Federal
164,039,170
2,559,931
__
debt
debt
other
paid on stock of
S.
173,353,475
11,422,891
funded
Depreciation
U.
186,964,037
2,449,357
—8,054
expenses——
Interest
Amort,
237,784,254 221,328,207 214,109,218
__
—
Net
profit
2,112,447
1,705,741
2,346,658
$8,447,953
$8,413,807
$7,814,315
4,629,830
4,629,830
$2.09
—
dividends
Preferred
per
$2.07
4,629,830
$1.74
i__.
share——
common
Consolidated
Balance
VH6: •'
Sheet, Dec. 31
Assets—
1944
1943
*
•
'Plants and
Woodlands
Cash
properties, water power rights, etc. 107,175,032 117,302,701
(less depletion and other credits)—
24,226,938
24,013,515
in
reserved
connection
funding of first
Investments
in
Investments,
Cash
with
mortgage 5%
U.
ctfs.
S.
proposed
Dominion of Canada
tAccounts
and
short-term
bills
treasury
12,600,954
17,980,609
28,287,818
3,028,173
2,175,032
30,387
435,140
1,352,428
803,532
special deposits
not
currently
Due from officers
due
and employees
Prepaid insurance
12,599,691
15,997,625
refunds
profits tax
excess
Receivables
20,252,144
29,228,011
—.—
Restricted and
9.433,135
29,650.681
receivable—.
notes
...
10,378,066
—
Inventories
6,000,000
_
13,000,000
pledged..—
partly
....
Post-war
re¬
bonds
indebtedness
of
2s!222
30,307
—
and taxes.—.
638,885
788,734
to pulpwood in inventory.
Deferred charges applicable to future operations
685,399
598^995
433,430
365,973
Unamortized debt discount and expense
739,969
930,671
Depletion applicable
Total
.....
''
Liabilities—
Funded
:
■■
debt
Accounts
249,196,285 241,995,931
_
.
■/■
■
——.——;
48,796,482
51,359,199
7,018,912
6,830,013
payable
Payrolls
accrued
Interest
accrued
State
income
Canadian
Other
taxes
and
507,398
accrued—
foreign taxes accrued
1,465,067
1,409,309
taxes
stumpage
Miscellaneous
852,283
451,898
581,696
j...
,
other
accrued
Accrued
1,492,523
426,189
...
dues—...
liabilities
accrued
>
847,665
1,421,438
1,793,968
:
1,636,984
funds, current
1,319,979
Earn, of foreign subs, since Jan. 1, 1.942, reserve
Res. for pr. years inc. taxes
—
Funded debt maturities and sink,
Insurance
reserves
Preferred
1,651,892
stocks
subsidiaries——.
of
1,567,182
6,164,847
4,052,400
5,469,947
,
notn finally determ,
contingencies and deferred credits**-
Reserve for
715,447
,
1,175,876
1,004,927
_
5,648.260
5%
preferred
cumul.
stock
Common
($15
Capital
surplus
Earned
stock
conv.
6,355,609
4,189,106
315,'605
.—.
315,605
par)_'_
92,596,600
92,596,600
27,357,825
($100
par)—.
27,357,825
;
'
surplus
Total
11,929,577
______
...
.
deducting
11,929,577
32,202,315
....
28,384,192
249,196,285 241,995,931
for depreciation and obsolescence of $104,-
reserves
tAfter deducting reserves for
1944 and $3,244,933 in 1943.
489,324 in 1944 and $100,028,390 in 1943.
doubtwul
accounts
Note—-U.
U. S. tax
S.
of
$2,588,339 in
income taxes
accrued
in
amount
of $22,025,998
offset by
anticipation notes of like Amount.—V. 161, p. 1773.
possible
order.
to
mechanical
reasons
it is not always
companies in exact alphabetical
are always as near alphabetical
arrange
However, they
position
as
possible.
special
Court
counsel
water
appointed
thereupon
accordance
with
the
System
Mr.
and
Court,
Brickley as trustee of Inter¬
him to
bring suit in
directed
recommendations
of
his
report.
Late
in
Jan.,
1945, Mr. Brickley instituted two suits, one in the U. S. District Court
in Boston and the other in
the Superior Court for Suffolk County,
Mass.
Each suit seeks (a) recission of the purchases in 1929 of 803,032 shares of common stock of New England Power Association at a
alleged cost of $60,720,362 or, in the alternative, damages in re¬
spect of such purchases, and also damages in respect of the purchase
of 18,747 additional such shares at an alleged cost of $2,277,837, and
land
end
$16.15
of
the
per
war.
share
The
of
amount
provided
outstanding
for
common
taxes
stock
is
and
the
161, p.
to have
purchase in
and
other
damages
been
in
1945—3 Mos.—1944
$2,280,411
906,848
$2,333,642
1,194,575
696,243
923,258
577,793
757,635
275,196
fixed
•
1543.
respect of such purchase.
The damages
by the System are stated in the suits at
Co.—Partial Redemption—
Iowa Electric
The
company
series
for redemption on
at
Monroe
Street,
Iowa Public
.
1, next, through
Chicago, 111.—V.
161,
p.
12 Months Ended March 31—
Operating
1945
—
depreciation—
2,703,815
310,365
724,021
867,862
—
profits taxes
and excess
$6,243,468
—327,552
—
for
income
1944
$6,682,330
2,893,204
revenue
Maintenance
Provision
988.
Service Co.—Earnings—
Operation
Federal
June
of
A,
West
called
has
the sinking fund, $45,000 of first mortgage 4% bonds,
due Jan. 1, 1961, at 100 Vi and interest.
Payment will be
the Harris Trust & Savings Bank,
corporate trustee, 115
operation
711,737
607,813
Charge in lieu of additional Federal income and
excess
Taxes
Net
Other
Net
profits
earnings
income
from
income
operations
$1,293,242
42,078
charges and other deductions—
$1,330,637
preferred stocks
614,191
659,678
$663,544
1
1
37,395
$1,277,735
.
.
Dividends accrued
47,068
569,429
—
(net)
earnings
634,034
$1,235,657
taxes
(other than Federal income)..—
interest
Net
the
for
income
Total
alternative,
claimed
Net
—V.
1932 of the New York and New Eng¬
water power properties of International
of
hydro-electric
oper.
327,719
192,246
ry.
$799,554
425,541
230,787
from
avail,
Income
Central America—Earnings—
1945—Month—1944
$798,037
298,482
revs
oper.
rev.
and subsidiaries at a total alleged cost of $31,797,610 or, in
recission
Paper Co.
Net
made
powers.
by the
appointed
Hydro-Electric
Rys. of
International
Period End. Mar. 31—
Railway
by
Batholomew A. Brickley, of Boston, made his report in November 1944 and recommended
that suit be brought against the company.
This recommendation was
predicated on his conclusions that "there is evidence of sufficient
credibility and weight" to justify suit and that "because of the
magnitude
of
the
sums
involved
*
•
*
the
amount of potential
recovery would justify the expense of the litigation.
(b)
Taxation—During 1944 a total of $29,452,501 in taxes—Federal,
local and foreign—was provided out of
earnings.
This total
is after deducting
$1,112,246 representing United States and Canadian
post-war excess
profits tax credit, for which the companies will
receive Government obligations which cannot be converted into
cash
until
view
In
charges
the
annual report for 1943
two suits against the
by shareholders of International Hydro-Electric System were
described
State
equivalent
mentioned.
however, the management prefers to express no opinion concerning the
eventual outcome of any of these suits.
457,066
136,227
136,759
14,597
total
Annual
stated
was
which
investigation
an
1,618,862
Litigation—In
national
receive bids for the sale to it of first and
sinking fund mortgage bonds, series
sufficient
1
Canada
other mills of
The
International Paper Co.—Tenders Sought—
The
pulp
...
The
2,477,000
"After
Net
1,276,163
186,924
127,948
27,827
144,988
128,899
10,531
;
Total
company
1
1943
819,964
124,753
V 139,814
122,992
68,640
w
tax
per
it
they believe has fairly covered the
facts, counsel for International Paper Co. have given an opinion, on
the basis of the facts presently ascertained, that there are no grounds
for liability in either of these cases."
The company's counsel continue of the same opinion with respect to
those
suits,
and the above statement also expresses their opinion
with respect to the trustee's suits and the debenture holder's suit above
"After
NOTE—For
pulp
sulphite
tons
Net
Earnings
—
pulp and paper grades
1,858.045
1,417,000
normal
—
Fed.
-
States
Other
336,225
2,344,065
Fed.
tax
shareholders' suits
System
two
Report for 1943:
in the Annual
and
min
for
income
1944
866,073
108,626
148,029
151,317
69,996
1,673,220
__
—
Other
242,118
plants
papers
papers
United
Dissolving
serial
notes
of
1944 earnings
512,359
specialty
bond
and pulp
Newsprint
1942
$9,605,551 $10,231,449 $11,269,360
$8,952,917
bonds
preliminary stage.
With respect
to the
a
Canada—'
1943
1944
1945
paper
pulp and paper grades
Total
on
of
1,344,041
173,991
121,002
34,186
board
kraft board,
and
Other
income
International Paper Co., as successor of such two companies,
responsible on the System's debentures.
The suit is still
present
"After
Total
1969.
Inland Steel Co.
Int.
balance
"
(unbleached)Kraft wrapping and bag paper (unbleached)
Bleached kraft paper and board——.
Unbleached kraft specialty papers—
—
Kraft pulp for sale
450,000
Quarters End. Mar. 31—
Deprec.
up
.
_
container
Groundwood
"Net
1943
set
the
renegotiation refunds for 1943 and 1944.
any
United States—
60,000
140,000
taxes
160. p.
in
were
that
reserves
believed
is
it
excess
Profit
-V.
and
.
-
11,617
$71,512
profits
Ample
1942.
together with the amount provided out of
reserves
be
for
that
settlements
subsidiaries
container'board and pulp
as compared with 2,363,511 tons in
1943, an increase of 4.5%.
Ton¬
nage by..grades was as follows:
\ "r:>:
->•
51,668
6.923
&
been
over
these
Kraft
21,000
income
excess
has
1943
slightly
these
cash and $81,000 in cancellation
profits tax refund obligations.
No final settlement
made but indications are that the settlement will
which $90,000 was paid in
of
to
K '
interest
bond
for
Fed,
result
Production—During 1944 International Paper Co. and its
contingencies.
for
Prov.
Contracts—Renegotiation of contracts for 1942 was
a finding of $900,000 excess profits before taxes.
after taxes was a refund of $171,000 to the Govjern-
produced a total of 2,469,997 tons of paper,
63,296
55,777
Paper Co.
the basis of
on
be
of
57,807
1932,
post-war
for
$668,001
$627,814
in
net
ment,
of
amort,
plants
defense
$268,422
$269,319
ciation, interest, etc..
Prov.
•
-
V'
to
Renegotiation of
1942
1943
depre¬
for
company
properties
settled
Subs.)—Earnings—
V 1944
1945
Prof, from opers. before
provision
the
which acquisition is now the subject of litigation.
should have to meet these bonds at maturilty its remedy would be to seek reimbursement through enforcement
of these mortgages against Hudson River Power Corp.'s .properties.
common
(&
Brownhoist, Corp.
Industrial
fact
1943
of
International
will
'
this
of
close
sidiaries
If
stock, $5,250,000;
long term debt, $14,425,000; customers' deposits, $115,426; other cur¬
rent
and
accrued
liabilities, $82,059; matured interest, $2,880; un¬
amortized
premium on debt, $26,900; customers' advances for con¬
struction,
$205,880;
revenues
billed in advance, $2,318; taxes ac¬
crued,
$1,295,454;
interest
accrued, $145,982; miscellaneous unad¬
justed credits, $10,500; contributions in aid of construction, $87,212;
reserves, $2,436,420; earned surplus, $2,498,418; capital surplus, $390,048; total, $28,029,397.—V. 161, p. 1427.
,
debentures of the System which
have not been paid.
This suit is
and
1944
1,
should be held
in
various plans for
on
all of the properties of Hudson River Power Corp. are
the lien of the first and refunding mortgage together
in International Paper Co., and in addition, Hudson
River Power Corp. has mortgaged the bulk of its properties to secure
its obligations in respect of the first and refunding 5%
bonds. These
latter properties
are a part
of the hydrorelectric and other water
power
properties acquired from International Paper Co. and sub¬
$28,029,397.
total,
working
been
has
Corp.
Nearly
with
plant,
Liabilities—Preferred
view
the
subject
$24,761,239; cash, $1,339,626; U. S. Govern¬
ment
securities,
$550,000;
accounts receivable, $287,554;
materials
and supplies, $124,637; other investments, $11,129; prepayments, $5,721; other current and accrued assets, $72,152; post-war refund of
Federal
excess
profits tax,. $83,180; special deposits,
$62,295; un¬
amortized debt discount and expense, $720,052; deferred debits, $11,Assets—Utility
*
April
theory that International Hydro-Electric System was an
"instrumentality" of the former International Paper and Power Co.
and
the former International Paper Co.
and consequently that the
Earnings
a.
had reserved $6,000,000 In cash
in connection with the plan for refunding the first and refunding
5% bonds then proposed by Hudson River Power Corp.
During 1944
an
additional $7,000,000 was set aside and the total $13,000,000 in¬
vested in U. S. certificates of indebtedness 7/s% due Dec. 1, 1945.
$632,498
Balance
:
In
At
:
■■it-
will
$13,000,000
70,348
deductions——
Other
$3,127,533
1,074,602
1,162,714
income-
Net
Interest
1942
■
exps
nearly
Corp.,
Power
>
Power
and of the serious doubt that Hudson
River Power Corp. will be in a position to pay these bonds at maturity
without carrying through a refunding operation, the
directors have
deemed it prudent to set aside sufficient funds to take care of the
bonds at maturity, if necessary.
$3,064,248
$1,156,961
deprec.
or
$3,320,703
$3,447,375
retire.
&
River
River
Hudson
1946 are met
then be out¬
1945 and
refunding this issue for several years but, to date, it has not secured
the appropriate regulatory commissions for any feasible
1943
1944
1945
earnings
upon
by Hudson
standing.
Indianapolis Water Co.—Earnings—
Oper.
of 6%
the $26,568,000
on
the
on
the approval of
12 Mos. End. Mar. 31—
Gross
Hydro-Electric
should fail
plan.
t-
water
various
assuming that sinking fund obligations during
1427.
"Deficit.—V. 161, p.
when
ago,
the holders for the payment of these bonds and would
to meet that responsibility if Hudson River Power
to do so.
These bonds mature on Jan. 1, 1947, and
responsible to
$7,659
*$191,976
*$4,350
$51,848
income
Net
years
of International Hydro-Elec¬
power
properties from Inter¬
It agreed to pay interest, sinking funds and prin¬
International Paper Co. first and refunding 5% bonds
International
Paper
Co.,
however,
remains ultimately
due.
Corp.
125,808
Misc.
the
be
9,275
Total
due
became
based
Depletion
,
ten
Maturity—Over
subsidiary
a
Paper Co.,
of
when
$142,742
Issue
Corp.,
acquired
System,
cipal
18,844
*$81,062
Power
national
$123,898
9,675
Board
for
River
Hudson
tric
~
-.
Provision
$4,284,779
3,535,454
310,359
315,068
*$90,737
$40,403
$88,814
income
303,246
$34,407
5,996
$86,019
inc
oper.
ry.
Other income—
period.
1945—3 Mos.—1944
1945—Month—1944
$1,496,309
revs
International
of
System brought suit against International Paper Co. in the U. S. Dis¬
trict Court for the Southern District of New York seeking to hold the
Interest
,
Expenditures for timberlands during the year amounted to $1,102,645
Harbor Belt RR.—Earnings-
oper.
a
years.
properties are to be restored to a state of maximum efficiency
obvious that capital expenditures, largely deferred during war
(net), a sum less than the depletion and stumpage sales for the same
Indiana
still pending.
debenture holder
are
1944
Expenditures for construction and improvement to mill properties
to $4,373,330 during 1944.
After deducting sales and write¬
accrued expenses, $12,203; capital,
$62,305,804; total, $63,136,749.
'
.
..
Net assets ($62,305,804) are equivalent to $24.86 for each of the
2,505,844 shares outstanding.—V. 161* p. 880.
Period End. Mar. 31—
April,
amounted
$19,169;
,
that
In
in which
years
it
and
these claims and they have not been set up as
books.
the tentative settlement of Canadian income
taxes for the years 1934-40 arrived at in 1942 has as yet been received
and negotiations involving these years and subsequent years are now
being carried on with the Canadian authorities.
1945, $77,882;
A
subsequent
were
quite different.
An audit
is apparent that additional taxes
year.
The exact amount is not yet known
reserves
already provided are more .than
problems
way
that
for
believed
yet been
No
accounts
payable for purchase of investment securities, $82,348; accounts pay¬
able for repurchase of shares for the treasury, $50,669; dividend pay¬
able April 28.
1945, $500,692; provision for estimated Federal income
taxes, $87,982; provision for estimated Federal capital stock tax and
tax,
and approved
Substantial claims for refund for all years beginning with
been filed or are in process of being filed.
No audit has
have
1940
$2,528,613; investments, at market quotations, $60,431,901;
accounts
receivable from sales of investment securities,
$21,231;
accounts receivable from sales of capital shares, $42,323,
dividends receivable, $122,681; total, $63,136,749.
excise
is
as
Assets—Cash,
Massachusetts
assessed
it
assets on
March 31, 1945
Liabilities—Management fee payable April 2,
be
adequate.
expects to distribute all
Balance Sheet,
audited
been
for
situation
tax
and
under
now
will
the
the
rates
tax
is
but
and
of
indicative
1941
for
securities.
company
have
returns
tax
income
States
the
both
'Exclusive of
1943.
United
sidered
$490,871
$296,506
$845,226
unrealized gains and losses on investment
March 31—
earnings,
"Undivided
excess
in 1943 by shareholders of International Hydro-
two suits begun
The
Electric System
latter liable on
the post-war
1940, and excess accruals of $1,305,829 have been transferred
to reserves for contingencies.
This result for 1940 should not be con¬
476,111
.
Cash dividends—
at a
through
applicable
exp.
loss.
was
charged to reserves previously provided.
Taxes
based only on income (after deducting
property
72%
—-
The liability for Federal
on
the balance sheet is
included in the above provision.
in taxes arising from sales of
This loss, after applying the reduction in taxes,
excess
$1,563,188 less than the gross amount
This difference represent a reduction
profits tax credit)
absorbed 75% of the consolidated balance of
earnings after all charges except such taxes.
This compares with
576,523
31-
price of cap. stirs, repur-
in
Adj. of
to
88,083
in undiv. earns.
Net amt. for partic.
chased
$403,157
-79.098
.
Net income
incl.
$389,426
$394,551
-
.
Undivided
*949
A,41944
86,334
income
Expenses
and
income
1945
$480,885
$14.36 per share in 1943.
profits
taxes shown
with
compares
Incorporated Investors—Earnings
3 Mos.End. Mar. 31—
Monday, May 7, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2000
$670,958
334,903
334,903
$328,641
on
$336,056
$0.79
$0.81
suffered
gross amount of $96,000,000 with interest and costs.
The suits are still in preliminary stages as there are
Jurisdiction to be disposed of before trial on the merits.
Balance
a
questions
of
Earnings on 412,000 shares of common
—V.
161, P.
1882.
stock—
Volume
Jacobs
nual
Aircraft
Engine
Jones &
Pottstown, Penna.—An¬
Co.,
Report—
The
products
production
in
dent,
for
the
of
both
stated
in
that
the
earnings
Deprec., deplet.
and
engines
aircraft
of
1944, and undertook additional
rocket motors now being effectively
J.
the
tinue
of
the
year,
company
throughout 1945.
The
of
'
Air
Army
Advanced
Forces
charges
holders
of
March
record
31.
Because
of
contract
and
cutbacks
/Y,'Y';Y-Yvy1
: Y.>
,.
■'
•
.
sales.:
Gross
at
105
Co., corporate trustee,
Gross
ry.
Administrative
Field
Advertising
Selling
expense
ry.
—V.
expense
232,860
from
income
Other
52,733
—
_
expense
3,833,958
_.
724,807
income. tax__^_it_^_^__-____i___^_i__i.__
normal and surtax
State
101,817
profits tax.
Provision for contingencies..
Federal excess profits post-war
Net profit
transferred
3,882,655
100,000
1,047 796
123,709
Earnings
*After
deducting
O00 and
refund
a
tlncludes
in
$577,026.
a
in
connection
with
$1.73
termination
contract
-•
in banks and
Sheet, Dec. 31,
of
cost
15)44
Y Y
;
"yY;'.
payable (trade), $193,059; due U. S. Army Air
renegotiation, $103,879; subcontractors' claims payable,
accrued taxes (less, tax anticipation notes of
$184,363;
contingencies,
surplus, $950,832; earned surplus, $2,529,148; earned surplus, reserved
(Federal excess profits post-war refunds), $1,036,292; total, $7,323,557.
—V. 159, p. 2304.
Control—Minority
Stockholders
Offered
$6
a
Share—
j.
Harris
A.
majority
He
Inc.
Chairman, on April 26 announced the sale of the
this company to the Continental Engineering &
which has no connection with Continental Motors,
3d,
holdings
Management
in
Corp.,
the
said
move
was
made
to
widen
facturing scope of the Jacobs company and
participation in the post-war development
Under
ment
the
of
Harris
financial
the
and
manu¬
the way for broader
the aircraft industry.
pave
of
purchase agreement no changes of name, policy, manage¬
of
the Jacobs company are contemplated, Mr.
employees
stated.
Included
the
in
purchase arrangement is an
Continental firm to purchase, within 30 days, all
stock held by minority stockholders in the Jacobs
agreement
or
by
the
part of the
any
company at $6, net,
offer to this effect has been mailed to all other stock¬
holders.
Sale of the 59% majority holdings was at a figure somewhat
less than $6 per share, due to payment of commissions.
share.
per
The
of
the
stock
which
p.
An
is considerably above the
the past two years, and is in
price
purchase
a
for
block
of
from
ry,
stock
the
was
offered
from
ry.
market
average
the
share
a
is
the
ten
Period End. February-
excess
of
to the public "in
the
Operating
Operation
$128,756
revenues
$125,566
a
Keystone
1544.
of
April
business
distribution
special
30.
of
out
*
•
reached
have
Funds
new
a
..
.
..
.
Y;
.
.
fiscal
1944
Y
.
.
1945—12. Mos.—1944
$1,546,891
'
$33,356
*25,310
*62,837
*89,646
*79,687
*105,616
28,091
243,205
*69,727
$1,443,729
-
' Y
Y
railway.—
*150,983
*195,715
income
*195,379
*249,349
*272,556
161, p.
from
Preference
Power
Offered—
Co.—Stock
headed by Blyth & Co., Inc., on
,
:
7
,
awarded
was
&
Co..
sale
Kidder,
and
$20,309,
manufactured
of
Peabody
&
and
Co.
Central
At Dec.
gas.
31,
1944,
company
sup¬
at retail, to 22,125 customers in 64 cities,
villages and unincorporated communities and in adjacent rural areas
and, at wholesale, to the City of Medford, Wis., and the City of
Wakefield, Mich.
At the same date the company supplied manufac¬
tured gas at retail to 1,483 customers in the City of Ashland, Wis.
In 1944 the company generated approximately 95.24%
of its electric
energy requirements in its own generating stations and purchased the
remainder of its requirements from non-affiliated companies.
service,
electric
Common
—V.
Earnings Summary for
revenues
—
1943
1942
$2,744,944
1,008,157
$2,695,936
926,275
ry.
Federal
excess
892,452
1,302,389
1,021,611
24,061,195
21,196,751
101,
be
has
7,230,829
2,415,420
3,290,613
1,796,464
Francisco,
called
shares
933
made
*Net
usual
♦After
1945
($10
all
redemption
due
agent,
June
1944
$23,423
after
Co.,
dividend
1
San
will
be
Chemical Co.—Earnings—
share
per
sto'ck
com;
and
Trust
quarterly
1319.
profit
Earnings
redemption on May 31, 1945, at $105
outstanding preferred stock.
Payment
its
American
The
161, p.
for
of
the
at
Calif.
paid.—V.
6,663,102
*4,637
1544.
p.
LeTourneau, Inc.—Partial Redemption—
company
share,
per
will
2,879,755
15,363,097
4,184,469
par)
charges
$0.32
•
1942
$19,058
$0.27
allowances
and
estimated
for
reserve
1943
$20,955
$17,640
on
for
$0.25
normal
Federal
$0.22
,
income
tax,
tax.—V.
160,
Federal
profits
excess
1971.
P.
Loew's, Inc.—Listing of Common Stock—
The New York Stock Exchange has authorized the
listing of 3,428,410
shares
ox
common
stock
(no par),
as
follows: 3,370,218
shares on official notice of issuance, pursuant to the 3-for-l
split-up
additional
the
of
outstanding
shares
of
3-for-l
fore
shares
stock
common
split-up of the
granted
shares
of
to
of
to
Nicholas
stock,, the
common
M.
listing
stock,
reserved
be
common
for
stock upon
Schenck,
which
of
161, p.
end
additional
58,192
issuance
to
pursuant
the
exercise of options hereto¬
making
has
the
been
total
and
number, of
is
applied
for,
1656.
Gain
141,515
138,647
Other
8,333
100,000
$35,120
$32,774
$371,849
$351,922
Dr2,551
Dr2,467
Dr6,560
tax
operating income—
(net)
$30,306
$365,289
$349,082
8,690
8,159
107,782
102,253
$23,878
$22,146
$257,507
$246,828
115,498
95,372
91,800
Interest
91,800
income
i—
income
amount
206,123
383,301
290,692
302,723
224,043
11,844
11,625
119
*1,012,820
*737,300
356,872
840,774
$442,646
$436,177
$840,774
Accru.
inc.
taxes
in
193,508
169.754"
$613,478
$534,231
Federal
profits
excess
profits
tax:
(less
tax
$652,936
$658,962
258,755
226,195
$399,160
of
the
years
$432,766
$394,180
1942,
1943
and
1944
for
of dividends on thp 5% preferred stock of the company
($3,500,000) was $175,000.
The remaining net income
equivalent of about $1.93, $1.64 and $1.68 per share in said
payment
outstanding
the
years,
respectively,
upon
the
133,500
shares
of
common
stock
now
Dividends—In
common
1945.
income
$274,773
post-war
credit
recent
stock
at
years
the
the
annual
surtax
tax,
(1944,
of
and
declared
in
value
Federal
$175,159);
$80,247
344,990
and
1945
excess
in
$61,165
1944); 1945, $722,314 (1944, $551,015); State income tax: 1945, $115,733
$11.126).—V. 161, p. 1883.
'
1'•■>«■
Long-Bell Lumber Corp.—Annual Report—
The
corporation
outstanding,
Its
only
for
necessary
owns
the
of
other
its
1,007,801 shares of
capital
asset
stock
consists
daily
of
business
Statement
of
(par
total of
a
$5)
of
Surplus,
Years
1,991,130 shares,
Long-Bell
relatively
requirements.
small
a
Ended
Lumber
amount
Dec.
'Y'Y
of
Net
at
beginning
profit
for
Dividends
Expenses
Dividends
of
end
*51,886
5
•
201,560
18,285
——
at
$179,221
.
*64,401
■
—
paid on class
Balance
1943
$179,221
year...
year:
received
of
Co.
cash
,31.
1944
Capital surp. balance at begin, and end of-year
Earned Surplus—Since Jan. 1, 1938:
.
A
12,515
stock.—118,773
$101
year
*$64,401
♦Loss.
Balance
Sheet, Dec. 31
,
1944
shares
in
of
Long-Bell Lumber
capital
stock,
$5
Co.
$9,692,022
25,099
par)
fixtures..
and
1
Total
$9,717,122
Liabilities
Note
.,1943
(1,007,801
Cash
Furniture
Accrued
$9,692,022
2,645
1
;
$9,694,668
—
payable
Accounts
*
.
.
Assets—
Investment
$33,000
—
$78,500
4,677
payable
interest
}?4
_i
stock
surplus
9,500,000
;
179,221
Earned
surplus
Total
101
$9,717,122
_
♦Deficit.
•
Earnings
for
has declared dividends «n
6% on the par value of its
compenv
rate
of
Quarter
Ended
720
1
6?8
9,500,000
-
179,221
1
*64,401
$1,730
371
,
Loss for three months
$2,100
.
$9,694,668
*Y
!
31
1943
1944
$1,729
deduct, for int.
.
March
1945
Loss bef.
1942
$563
893
487
$2,623
$1,050
$1,687
y
638
I
$2,325
Note—The
corporation as of the close of the period was the owner
shares of the common stock of The Long-Bell Lumber Co.,
time had outstanding 1,991,130 shares of common stock
of a par value of $5 per share.
The Long-Bell Lumber Coirp. owns
practically no other assets.—V. 161, p. 1883.
of
1,007,801
at
the
Loose-Wiles Biscuit
Co.
(&
Quarters Ended March 31—
Net profit
Common
offered
its
normal
322.891
,
(1944,
$621,503
37,458
39,457
250,185
each
(est.)
206,123
$649,346
——
required
1942
$2,349,549
11,433
which
the
1943
$1,319,410
306.794
108,905
$606,117
43,228
——
deductions!
other
and
$2,192,000
326,724
325,771
190,500
.
income
1944
$1,877,814
1945
"
for
int..
Interest
Interest
£>r2,840
$32,568
deduct,
deprec. .&
Depletion
100,000
income-
before
depl.,
314,556
312,657
208,100
profits
125,683
318,209
305,586
Federal—
taxes
income
11,479
$5,758,768
1,883,497
695,012
income
oper.
The
905,664
315,916
——
other than
Federal
8,333
paid
1942
2,768,582
$2,652,279
110.567
Depreciation
Taxes,
12,286
div^°"ds
1943
$7,670,148
2,715,531
20,565,737
railway
railway—
Capital
Calendar Years
1944
Operating
Operation
accruals
161, p. 1656.
1944
$8,714,203
1,732,889
from
Capital
Net
requirements—
127,964
,
$7,716,956
income—
♦Includes
offered
the
156.938
dividend
382,656
91,937
80,621
1
1945
oper.
from
,
696,220
—
394,720
363,103
80,096
railway
♦Deficit.—V.
in
plied
196.537
income..—
53,529
804,046
361,004
Profit
Y."
1428.
and
History—Company is a public utility engaged prin¬
generating, transmitting, distributing and selling electric
energy in 13 counties in northern Wisconsin and in two counties in
the upper peninsula of Michigan.
Company also produces and sells
manufactured gas in the City of Ashland,
Wis.
Company has no
present intention of making any major change in the general char¬
acter of its business but expects, as a part of its load building program,
to resume the sale of electric
and gas appliances as soon as such
appliances are again obtainable from manufacturers.
In
1944
the company derived approximately 97.87%
of its gross
operating revenues of $2,744,944 from the sale of electricity and 2.13%
was
Net
41,602
832,910
income—_
railway
Net
Business
cipally
736,988
deductions
27,850
892,082
1544.
from
Balance
Y
The
Income
33,907
907,553
Depreciation
Y
107,408
*223,714
Wertheim
12,886
income.
income
p.
Net
48,220
*
Republic Co., $19.5301.'
Net
Gross
158,597
Quarters End. Mar. 31—
$167,194
April 30 on a bid of $21.16 a share, which
bid has been approved by the SEC.
Other bidders were:
Otis & Co.,
with $21.1569; Wisconsin Co., Paine, Webber, Jackson & Curtis and
Stone & Webster and Blodget, Inc., $20.57; Bear, Stearns & Co. and
60,093
(net)..—
oper.
$308,614
185,500
*127,830
" *39,514
1943
132,188
stock
Gross
Utility
Other income
1942
$348,503
132,204
Long-Bell Lumber Co. (& Subs.)—Earnings—
$53,121
Superior District
3
The
——
res.
1943
$310,646
March—
1942
1944
"
Retirement
1944
$368,409
173,010
5,143,610 shares.—V.
$80,144
Company Act of 1935,
,
15.218
Taxes
42,250
24,500
24 500
Lindsay Light
to the public 133,500 shares ($20 par)
common stock at $22.50 a share.
The shares are being
disposed of by the North West Utilities Co. in compliance with the provisions of the Public Utility Holding
57,796
Maintenance
42,250
Co
3 Mos. End. Mar. 31—
at the close of the
$24.54
•
price at
1941.—V. 159,
(& Subs.)—Earnings—
1945—Month—1944
to
133,500
Corp...
railway
railway
oper.
161,
Gross
an
Maintenance
Service Ltd.
close
160,821
price
2304.
Jamaica Public
which
From Jan. 1—
Preferred Stock—
at
record
of
income
oper.
May
$1,580,807;
New
Net
An underwriting group
on
accrued salaries and wages, $26,632; reserve for
$100,000; common
stock (par $1), $618,546; paid-in
$600,000),
137,979
railway
♦Deficit.—V.
or
1943
317,267
railway
oper,
Net
reserves
termination,
245,185
1945
from
Net
Liabilities—Accounts
Forces,
ry.
••
market), $676,063; property, plant and equipment, at
for
depreciation of $142,203 and reserves for
amortiation of $1,827,294), $1,107,699; Federal excess profits post-war
i refunds, $1,036,292; deferred charges, $49,730; total, $7,323,557.
(after
P,
of
Lehigh Valley RR.—Earnings—
of
hand, $2,849,042; U. S. Army, termina¬
tion claims (after deducting advance payments of $3,301,596) $421,413;
other accounts receivable, $1,183,318; inventories (substantially at the
cost
249,094
railway
Lake
...
Gross
From Jan. 1—
result of renegotiation proceedings of $2,831,127,
losses
Balance
lower
Net
voluntary refund made during the year of $5,000,-
a
y;
Assets—Cash
from
Gross
j
as
1944
303,689
Superior & Ishpeming RR.—Earnings—
from
Net
♦
92,782
$1.69
share
per
Gross
1,070,518
Dividends
612,696
656,073
March—
265,091
Cr387,964
to surplus..——.
1,096,629
576,113
that date, from
on
161,
Lake
169,446
Crl06,60o
refund
year.—V.
202,454
1,786,064
excess
.1
$20),
234,168
180,081
Federal
Federal
5.436,369
>
1,042,664
ry.
r-V.
New Record High—
a
(par
43,322
,
178,735
._
...
102,926
Net
increase of approximately $46,500,000
it is announced.
Total net assets
of the Keystone High Return Bond Fund, series
"B-4," amounted to $19,863,123 on March 31, 1945, compared with
$15,184,207 at the close of the previous fiscal, year, on £ept. 30, 1944.
Net
asset value
per
share increased by approximately 20%
during
this period, amounting to $11.22 at the close of March, compared with
$9.32 on Sept. 30 of last year.
The number of shares outstanding
increased about 9%
during the first half of the current fiscal year
to a total of 1,770,367 on March 31.
Y. ■
*'•
•
Y
•
•
•.
A
gain of more than 40%
in the number of shares outstanding
during the six months since Sept. 30, 1944. was shown by the report
of the Keystone High Grade Common Stock Fund series "S-l," with
net assets advancing from $1,202,349 to $1,762,419 on March 31, 1945.
Net asset value per share increased to $25.34 on
the 69,550 shares
outstanding
Total
tOther
82,610
cents
of
assets
shares
3.500,000
2,670,000
reduced
was
—
railway
(R. G.)
five
211,750
stock
common
1945
from
100,014
Custodian Funds, Inc.—Special Dividend—
Reach
Assets
Combined
5,257,634
____
Net
$207,942
Net
payment,
realized profits.
184,253
-3,781,225
.
1942
1943
1,062,319
holders
authorized
Corp.—
&
oper.
232,625
Co.—To Redeem $6
to
$20)
railway
from
563,177
this
Of
3,313
operations
ry.
$396,374
1882.
15
(par
From Jan. 1—
Gross
corporation announces a semi-annual distribution of 40 cents a
on
the
Keystone income
common
stock series
"S-2,"
pay¬
May
$5,600,000
3,500,000
4,235,025
1774.
from
from
161, p. 1882.
share
•
Profit
Gross
193,663
income—
oper.
Outstand'g
$7,000,000
1966-
Shares
p
98,622
railway....
161, p.
The
184,987
___
161,
Ry.—Earnings—
1944
3 Va %,
March—
York
New
the
Stock
(par $100)_
Boston
161,
$355,767
railway
Keystone
276,099
expense
The
Capital
Lehigh & Hudson River Ry.—Earnings—
The company has called for redemption on June 1, 1945, all of its
outstanding shares of cumulative and participating $6 preferred stock,
series A, without par value, at $110 per share, plus accrued and par¬
ticipating dividends of $3.67 per share to date of redemption.
See
•
187,641
•
at
declared
.
Moseley
224,133
income
Kendall
6,860.258
957,284
Y-
from
from
Net
<g
583,651
.
expense...
made
A,
Inc
Higginson
S.
From Jan. 1—
Gross
*61.084,495
46,629,835
54,224,237
u_—yY-w—_
expense
service
be
series
stock
Co.,
$409,232
high total of $125,000,000,
during the last 12 months,
5,564,831
776,142
will
&
—V.
100 Broadway, New York, N. Y.—V,
1945
railway.—.
railway—
oper.
Net
un¬
-1943
.
■; 1.
jj
Payment
from
Net
«
1944-
sales
on
31
interest.
and
is
offered,
being offered.
First
The
Lee
2544.
p.
and
follows:
as
Net
from
,
Dec.
160,
now
names
of the several purchasers who constitute
principal underwriters of the 133,500 shares of common stock and
number
of shares agreed to be purchased by
them, respectively,
Blyth
refunding
March—
able
stock
are
Net
„52,194,665
—_
-
profit
Engineering
Ended
Y,; -Y.
'
Y
____
of
Years
:<*
.
Sales
Cost
the
for
$0.41
dividend
of
stock
common
share.
Name—
1773.
On Dec. 31. 1944, the. company had outstanding 618,546 shares of its
capital stock, held by 1,333 stockholders of record.
: ^
Account
$178,352
300,000
" $0.59
Debt
rate
same
of
per
Underwriters—The
are
>1943.
1944
Southern Ry.—Calls 5% Bonds—
outstanding
Kansas Oklahoma & Gulf
concerning possible termination losses and readjustment
problems, the board of directors did not deem it advisable to declare
any further dividends during the year.
Income
City
the
V.
bonds,
pfd.
shares
the
300,000
the
$1.20
stock:
April,
1945,
the
$4,235,000, divided into
the
-Earnings
(& Subs.)
$124,327
taxes.—V.
Federal
1945,
certainties
,
adjustment
768.
■ *
$0.70
and
shares
be
*In
1945
share
per
Trust
stock¬
1944, to
10,
$1.04
and improvement mortgage 5%
gold bonds due April 1, 1950. have been called for redemption on July 1,
to press.
share was paid April
mtge.
5%
309,000
of
ment having been made early in October.
The credit agreement ex¬
pired Oct. 15, 1944, and it was not found necessary to arrange an ex¬
or renewal agreement.
per
$2,399,369
$0.61
shares
common
Kansas
tension
cents
$1,708,352
$0.80
All
$6,000,000 loan arranged by the company in January, 1943, with
of Philadelphia banks headed by the Pennsylvania Company
for Insurances on Lives and Granting Annuities, under Treasury De¬
partment Regulation "V," was repaid in full during 1944, the last pay¬
20
6,398,050
share
common
If
the
of
would
Authorized
First
F.
group
of
2,417,000
$210,704
of
Net
dividend
2,567,000
profit
♦After
The
A
taxes—•
$2,013,489
per
Earnings
Regional
reduction
in profit of $2,311,734 before provision for Federal and State income
and Federal excess profits taxes, and a net reduction in net profit, or
reduction of earned surplus, of $622,389.
The Washington Board sub¬
sequently demanded an additional gross refund of $500,000, and after
conferences with both the Regional Board and the Washington Board,the management felt obliged to agree to the final settlement proposed
by the War Department Price Adjustment Board.
The settlement
a
3,264,937
412,814
•-
Capital
Quarters Ended March 31—
"Net
tentative renegotiation settlement was agreed to with the
Price Adjustment Board on 1943 income, which called for a
this report goes
3,614,500
395,028
250,342
•
and
income
Number
p.
value
Funded
Kalamazoo Stove & Furnace Co.
A
is pending execution as
inc.
stock.
common
par
dividend
$8,134,880 $12,475,170
-
using
Trainers
the
annual
'
Note—These
results
are
subject to annual audit, and
for the possible effect of the Renegotiation Act.—V.
161, p.
1942.
agreement
Fed.
outstanding
'Common
Net
Earnings
Jacobs
engines was reported by the War Department to be adequate at the
end of the year, and the changeover to rocket motor production was
made without loss of time. As a result, the company has, in effect, suc¬
cessfully undergone the long anticipated reconverstion from peak war¬
time mass production to a more normal volume of output.
This change
faces the aviation industry in general as the success of the war in
Europe becomes more apparent daily, Mr. Harris stated.
The company executed in August, 1944, a final renegotiation settle¬
ment for the year
1942, increasing the gross renegotiation refund for
that year to $4,750,000, an increase of $250,000 over the amount pro¬
vided
in
the tentative
renegotiation settlement for 1942 which had
been executed in September, 1943.
This final settlement reduced the
net income for
1942 to $1,657,124, or $2.68 a share after pcst-war
credit, and to $1,116,552, or $1.80 a share before post-war credit.
This
compares with net income of $1,708,478, or $2.76 a share after post¬
war credit,
and of $1,148,291, or $1.85 a share before post-war credit,
as
reported tentatively for 1942 in the company's 1943 annual report,
which gave effect to the original tentative renegotiation settlement for
supply
$9,794,671
war
—____
for
prov.
profits
excess
had effec¬
tively concluded a major four-year wartime assignment for the armed
forces, calling for the production of more than 30,000 aircrait engines
and spare parts, and that the company's original plant is now engaged
in production of rocket motors and other war equipment, principally
for the Pacific theatre of operations.
This volume is expected to con¬
iirst
of
1943
1944
3,963,840
charges
Estimated
annual report.
company's
amort,
facilities
emergency
Interest
Presi¬
Harris, 3rd,
A.
Subs.)—Earnings—
2001
on
,
and
(&
1945
Total
in
Pacific wars,
and
the
since
worth
$52,194,G65
purposes
European
announced
He
war
Navy's live-inch
the
Laughlin Steel Corp.
Quarters Ended March 31—
delivered
company
other
used
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
161
after charges and
shares outstanding
E**ninvs
per
—V.
161.
P.
""^mon
1774.
share.
Subs.)—Earnings—'"J
1944
1945
taxes.
$572,848
510.600
$1.12
'
$490,765
510,600
|iGl94£
,
'$352,1684
„
5IQ.6OO
$0:96"
$0.69
iiiit'Y
-.he
t
THE COMMERCIAL & FINANCIAL CHRONICLE
2002
Gross
Net
498,998
32,347
*124,782
$3,210,578
619,600
92,241
$2,540,347
525,566
97,907
railway—
railway-
from
Net
ry.
First
586.632
9,837,689
1,613,176
9,725,118
1,281,451
8,088.957
1,337,717
6.942.553
2,269,245
income—
103,818
*297,786
*103,573
39,398
$3,451,587
Accounts
oper.
161.
1
accounts
Capital
Railway
oper. exps._—
income taxes-
Federal
Other
321,000
82,003
taxes-——
613,796
2,940,497
2,967,613
1,274,600
1,008,800
228,236
237,669
57,136
11,029
$142,873
$667,837
before
Federal
61,544
11,240
inc.—
$185,167
oper.
ry.
161,
Net
170,318
28,177
♦On
Ice
$391,131
$432,170
412,434
operating revenues———-—
oper, revenue deductions-
Total
362,269
2,643
——
income
Gross
Total
———-4--—X
•
deductions
& State income taxes
income
prov. for Fed.
6,620
12,450
to ' surplus————- XX
—V.
161,
$3,309
769.
p.
%X %.■
corresponding week last year,
an
4'/4%
stock
26.317
it
58,775
with
the
the
•
the
of
Called—
of
■"■■>•
made
York
$few
;N
Y
:
any
bonds/ together
said
1 -1,'•1
**
1 *
Holders'may at
is
presentation and surrenders of said
for March
Earnings
in
.
2,362,379
I
old
an
Gross
Net
ry.
—V.
53,374,566
53,131,189
50,478,477
20,010,948
20,709,168
6,319,776
22,308,965
6,421,462
161, p.
,
mon
of
Earnings—
Operating
Operating
Taxes
etc
Net income
161.
$292,065
j
income
Gross
Rentals, 'int.;
$255,413
144,205
138,869
—
$111,208
$153,196
——
1883,;- %
p,
.
$192,020
the
disposing
are
split-up
stock
ther
'
"
"
*
::
j.;
1944
-w———$288,146
Operating revenue deductions—
1—
109,812
Dominion income tax
23,958;
.
——————
.
Dominion
Retirement
reserve
income,
•—
will
shares
Net income
—V.
1
i
—
X
160, p. 2405.
1
■
..
'
V'X
■
Manila RR.—Interest—
York
The New
due
$81,504
Stock
;.
XXXXXXX X
extended
©f Philippine National
Maine Public
February—
i fund
shortly
declared
be
on
official
of
the outstanding
revenues
Operating
1944
*1943
$777,517
554,715
revenue
Federal" income
Federal
<■';
$1,038,975
^
profits
excess
Retirement-
deductions——
688,039
taxeS——_—_™X-X 55,790
reserve
accruaus—
_™
SEC
Other
operating
income
income
i
-
70,750'
income
Caribou
Dec.
——
—
shown
1943,
for
the
Power Co. only for the
which the company
date
period
properties
of
subsequent
acquired
on
Comparative
Other
electric
such
-
plant
physical
,
Balance
property——
to
prop¬
'
—
special funds
31
V
,
'
1943
$3,722,516
42,864
28,862
1,105,405
1,105,405
cash
investments
Notes' receivable
:
receivable
Accounts
Receivable
from
;_
—
subsidiary
Materials and supplies
company.
(at average cost)
Prepayments
debits
Total
-
$F24,386
23,160
15,776
$1,735,753
$1,674,111
$540,162
includ
72,539
147,634
161,100
68,045
♦1,151,222
1,097,639
267,436
$289,251
post-war
July
31,-
$436,897
refund
1944,
of
and
preferred
stock
$81,826
(which
does
to
not
$120,537
of
tax
for
six
on
the
5%
and
^
$75,000
the
annual
to
commence
ended
months
-X>,, V;-X X-;; ,X
.
requirements
amount
$204,681
$415,372
profits
excess
-
aggregate dividend
requirement
notice
of issuance,
Week,"
shares of
(no
20,108
1,698
2,073
—107,162
87!979
10,609
43^617
50~500
161
837
4,733
50
$5,249,672
$5,067,190
1,
1946)
: -
,
cumulative
until
run
stock
(no
par)
sinking
B
April
shares
of
the
begin¬
of
'
: ; 1944 - 7
$304,643 X
$500,000
X
'
late
and
recapitalized
was
'
lieu of
in
the
takes
profits
\
Co.—New
($1
A
of
($50 par), and 400,000 shares of com¬
shares of preferred stock, 50,000 shares of
par),
3,750
and
10,000
stock,
which
at
five-year
entitles
warrants
stock
common
$226,155
$229,801
excess
1942
$13.50 per
of
authorized
Vice-President—
of
additional
preferred
preferred stock
of
;
the
of
the
common
of
ance
the
writer and
shares
for
sell
to
to
for
the
shares
underwriter
Co.—New;Director—
been.', elected
••
the
of
conversion
shares
of
5%
$694,500.
such
;
$500,000
additional
an
of
$500,000
45,000
shares
15,000
of
the changes in the capital structure
1945 (as above described!, to the issu¬
preferred
stock
and
to
be
sold
under¬
the
to
Authorized
warrants,
estimated
net
proceeds
the
convertible
proceds
of
proceeds to
New
the
in
- -
for
v'x
issuance
from
are
30.000 shs.
200,000 shs*
"
40,000
'
'40,000
the
con¬
for
upon
reserved
issu¬
'x-1 '^X";X■:
the
will
of
sale
preferred stock
the
15,000
approximately
are
$500,000
to
retire
four equal instalments,
to
Chase
company
payable
York.
Outstanding
30,000 shs.
*400,000 shs. X--
shares
40,000
the
promissory note,
Bank
.
shares
use
the
retire
these
of
to
to
of
cumulative
From
, $500,000
Corp.—Hearing on Proposed Sale of Subs. ;
exercise
Purpose—The
>
a
15,000
and
retiring of the $500,000 note, the company will have
its capitalization will be as follows:
preferred stock
the
the
unissued
}
upon
which
stock
common
and
debt
version of
war¬
reserved, for issu¬
and has reserved
conversion of
the 15,000 shares
■XX-X'XX":
■ •
X
common
'
40,000
.
the
the
since Jan. 31,
the
and
has
company
current
some
stock
15,000
to
funded
the
four
that 15,000 shares
so
stock
common
warrants, 40,000 shares,
Giving effect
company
place of each of the
earnings to
Company also intends to reserve
preferred stock.
of
the
outstanding.
and
"promissory note.
shares
of
presently authorized and
proceeds
to
the
stock outstanding,
shares
unissued,
of
45,000
stock
intends
Company
B
holder
took
From the 200,000 shares of
but
exercise
the
on
200.000
outstanding.
are
ance
a
stock,
preferred
dated April 16, 1945,
purchase one share of
warrants,
its
share,
blocks of 875 shares of class
and
director to
McDonough.—'Vjl61,-' p.^569^-.>;,«;••
- ■'(
H.
that
so
3,500 shs.
preferred stock
stock
rants
Vice-President, .has
William
$500,000
3,500 shs.
stock
(in treasury)
and class B stock, company's
capital stock consisted of 30,000 shares of 5% cumu¬
each
*
1.943
s
Outstdg.
XX; Author.
■
■
entire authorized
common
,VV''
Jr.,
X
$47,250.
2,500 shs.
1945, company
16,
class
to
Capitalization, Jan. 31, 1945
Exchange
shares
amounts
part.
On
pur¬
com¬
use
Company intends to
use
the balance of
in part the cost of opening the additional stores
pay
hearing May 9 regarding the
a
West
West
sell
to
proposes
Mr.
and
Rodgers
to
buy,
pursuant
•
Minneapolis & St. Louis Ry.—Earnings—
?
March—
prior
to
date
closing.
of
to
proposes
sell
and
•..''v.Mr.
Rodgers
I:;7'
to
buy,
-i
"
Gross
Gross
dated March 29, 1945, all outstanding shares of com¬
consisting of 14,547 shares (no par) of East Missouri for
cash.
In addition, Arkansas will receive any dividends not
per
share,
declared
prior
date of closing.—V, 161,
-''X'
v 7 '.X *i; V.
7'7'-XvX '
from
Net
ry.
—V.
1944
income
1943
$1,205,500 ; $1,348,837
$1,384,083
400,981
315,576
;
200,340
183,929
railway-
3,818,547
3,698.223
988,925
470,693
oper.
from
Net
;
to
,,/X; Xrv,
1545.
p.
$1
ry.
railway
railway™—.
From Jan. 1—
to, :>
stock,
exceeding
from
Net
•' -i-c'y
pursuant
1945
from
Net
agreement
mon
1942
$1,158,45.9
513,486
387,164.
399,511
'
304,752
%
railway
income
:
oper.
3,599,845
3,256,395
1,005,534
1,286,249
1,112,043
440,973
1,006,897
831,191
161, p. 1545.
:
Minneapolis St. Paul & Sault Ste. Marie RR.—Earnings
Midland Valley
RR.
March—
Gross
:
from
Net
from
Net
ry.
$126,363
48,268
income..—
26,419
ry.
—V.
L
railwayrailway™—
income
oper.
161,
p.
1943
1942
Gross
.*;•
$165,271
35.318
88,608
27,057
13,725
%
420,588
467.899
i. 168,505
249,757
68,658
142,077
V-
~
Co.,
Inc.—Stocks
Offered—Allen
&
common
stock is
income
/
$2,636,796
$1943
$3,599,873
876,024
929,708;
697,758
517,912
X XX
$1942
$3,184,055
832,156
482,489.
.
4,972,366
7,143.025
9,957,870
8.808,846
163,918
2,009.270
2,146,225
2,099,761
*16.411
1,507,519
X 153,424'
1,021,244
Central
Ry.
tlncluding Wisconsin
Mississippi Central RR.—Earnings—
Co.
being made for the account of stock-
railway™
railway
oper.
X
+Excluding Wisconsin
Central Ry.—V. 161, p. 1884.
March-
on
of
ry.
34,047
income—.
♦Deficit.
71,079
April 30 offered 30,000 shares of 5% cumulative con¬
vertible pdeferred stock (par $50) and 50,000 shares of
common stock
(par $1). The preferred stock was priced
at $50 per share plus accrued div. and the common at
$13.50 per share.
Both issues have been oversubscribed.
Sale of 15,000 shares of preferred stockr and 50,000 shares
from
Net
"144,804
71,779
Net
345,466
153,864
406,879
oper.
from
f 1944
$1,675,522
107,579
—
From Jan. 1—»
Gross
1429.
Miller-Wohl
r£.
railway—
railway.
from
Net
34,281
14,954
from
Net
$102,328
"
from
Net
1944
1945
+ 1945
March—
$135,192
From Jan. 1—
from
X.'
-Earnings-
railway™—
railway
oper.
Net
36^247
25,075
Aug,
-'X
X
v.:
'X XX"'X''.X
promissory note to Chase Nat'l Bank
Class
12 615
:
143,547
Temporary
an
Gross
1944
$3,764,801
_______
Cash
Deferred
Dec.
/
______
Investments—
Miscellaneous
Sheet,
•
.
—
1942
30,807
.
agreement
declared
•
™
)
Assets—
Utility
of
;
July 31——-
1943
Cr322,648
*
be
to
dated March 29, 1945,' all outstanding shares of
stock, consisting of 2,400 shares (no-par); of Missouri Edison
for $285,000 cash.
In addition, Middle West will receive any divi¬
dends, not exceeding $3 per share plus a special dividend of $63,698,
$108,473
83,727
1943 include operations
Light &
Water,
16,
76,094
$169,044
■
______
erties.
$184,566
87,543
——————————
Years Ended
Cr356,007
.
common
$600,000
Dividends
'■Figures
101,016
$256,588
™__
deductions
Income
$83,550
140,351
income
Gross
Net
$116,236
Stock
will hold
Middle
to.an
•
24,621
86,908
_
the
Arkansas
Utility
its
made
lative convertible
1883.
Williams
A.
Middle
-
43,881
tax——™—92,001
and
proposed Sale by ij that have been leased and of enlarging existing stores. • V.X'"' ,c" XX-X:v-r/:
Corp. to and the acquisition' by;Gus B. Walton; an
;■
Underwriter—The sole underwriter is Allen & Co., New York, N. Y,
individual, of Little Rock, Ark,, of the,; common«stock interest of
—v. 161, p. 1545.
"
f; 7.7Xv'-;
•• •X^x::x7x>XX"X:r-'V:7X''X-/'
Middle
West
in its subsidiary,
Arkansas-Missouri; Power ' Corp. and
,
the proposed sale by
Middle West to and the acquisition by L. F.
Minneapolis-Honeywell Regulator Co.—Earnings—
Rodgers, an individual, of Dallas, Tex., of the common-stock interest
Quarter Ended March 31—
1945,
1944 -1943
of Middle West in its subsidiary, Missouri EdisomvCoX/VVX;^;
\t
♦Net profit—.—
% $886,696
$747,229
$625,214
Middle West proposes to sell and Mr. Walton • to buy; pursuant to an
tEarnings per Common share__„L_
$0.64
SO.55
$0.46
agreement dated March 29, 1945, 71,089 shares (of 166,165 shares
♦After
outstanding) of common stock (par $1) of Arkansas for $925,000 cash.
charges and Federal taxes, including estimated post-war
In addition,
refund.
tOn 1,243,800 shares,—V. 161, p. 1884.
Middle West will receive any dividends,-not-exceeding .*
25 cents per share, declared prior to date of'-closing. .
•'x'-XX.-X;. x X
Co.—Earnings—
_™-.—
con¬
$1,659,951
Funded Debt and
1883.
Publishing
80,000
Middle West
Bank, New York agency.—V. 160, p. 1971.
Calendar Years-—
Operating
time
$1,704,946
ning of the fiscal year starting
•
1945
"Business
York
of
p.
The
The
-
Exchange has received notice that the interest
Service
and
the
East,
the
West,
1944
■
annual
National
'XX-X
X'-xX'X :;XX
Middle
in
were
West,
During
stores
name
stores
$1,102,773
plan___
ended
convertible
has authorized the listing of 2,734,704
101, p.
McWilliams Dredging
G.
1, 1945, on Manila RR. Southern Lines first mortgage 4%gold bonds, -due 1959, will be paid on that date at offcie
May
units.
the
the
the
Middle
$1,128,493
31, 1945.
The
ance
1,743
18,570
——
—
the
■
Class A stock
$345,752
New
V. .161,
$98,267
$80,438
_™_™£_™_„_u—_™_™™~
Income .deductions
in
small
the
under
Several of
f
5% cumul. conv, pfd. stock (par $50)____
has" authorizedV the V listing of > a V
1
stock -("par $10) ■upon 'official
' Common stock (par $1»_
}• notice of issuance upon conversion of the; 4X4%"• cumulative preferred- • Five-year warrants
*Of which 90,000 shares will be reserved
stock, making the total number of shares applied for; 423,047 shares.— <
$100,010
18,506
$99,009
—™r—i™™,—
operating
them
25,720
deducting
-year
Jan.
'
MeQuay-Norris Manufacturing * Co.—Listing—7
succeed
income
Gross
j
Cr353,083
income—
♦After
Montgomery has been named a Vice-President of this company
maximum
■
31,520
30,000
\
Rey.?
merchandise
the
Crl82,283
profit-™.
deducts,
Net
for
its issue price.
split-up
(par $10).—V.
publisher of
The
1943
$282,978
99,381
23,809
■>
operating income—.
——™_
$97,012
net———————X-X. .1,997
Utility
Other
exps.
from;-leased
■'•v-'X
,
$205,291
30,000
accruals——————
"Del
name
of
names.
♦766,703
McGraw-Hill publication.
In
the
latter
capacity, he succeeds Col., Willard Chevalier,
Pub¬
lisher of the magazine since June, 1938, who has been named Execu¬
tive Assistant to James H. McGraw, Jr., President of the publishing
company.
Mr. Montgomery, has been associated with ."Business Week"
for .the past 11 years, having joined the staff as Manager.
Also announced was the appointment of Albert E, Paxton as Pub¬
lisher
of
"Engineering News-Record"
and
"Construction Methods."
He was formerly Manager of these two publications.—V." 161, p. 1096.
434,313
tax—27,364
profits
excess
& adm.
pension
ing
an
and
v,;XX;x-xx
———
all
stores,
$19,415,878 $17,988,289 $12,511,283
6,685,090
12,410,558
11,610,725
8,005,271
2,951,816
5,653,457' "5,082,620
4,304,274
XvX-'%-X'-"X:
X-'V
X-V;
X'-XXX'" '• 7X:'^ 7"!
to
(par $5)
two-for-cne
profit
Paul
61,611
Maine & New Brunswick Electrical Power Co.—Earns.
revenues
of
$10,557,391
income
Gross
3%
McGraw-Hill
109,751
Years Ended Dec. 31—
Operating
17
closed
in
stores
Other income
no
':
the
character
of
were
company
and sub-lessees
Operating
McCord Corp.—Earnings—
432,894
..
and
balance
stores
goods sold_____
remain
$639,604
i.-1
;.-t;.■■
103J/a-
charges and Federal income
contingency reserve.—V. 161, p. 1883.
$5,058,558
3,931,311
$611,305
419,285
,
at
After
$522,991
116,613
30,907
the
_____
inc.
the company
premium over
common
stock
•\ "Net
r
$495,295
116,010
$224,506
29,912
-
—
501,003
150,596
72,215
47,304
22,404
$262,153
income.
oper.
ry.
Other income
—v.
(Dr)
$5,347,183
4,128,074
210,320
:
76,220
25,833
(-Dr)—...
%
rents
rents
facil.
Net
273,773
—_™™—_;™™—
Equipment
Jt.
_™:
expenses
$1,848,363
1,343,829
$2,006,450
1,368,471
revenues
trusts which
byr five
of
mon
X
■
1945—3 Mos.—1944
.
the
and
additional
sales
gen.
.
2.
the
to
6 Mos. End.
1945—Month—1944.
chain
a
under
or
total of 39 units in all.
intervened,
on
Sell.,
5,479,394
/
Maine Central RR.—March
,
stock.'
company's
a
on
June
10,657.594
6,366,536
V X-"';
income-.
1883.
;
held
The New YorkJ3tock Exchange
shares
33,495,813
oper,
the
month,
dividend
suant
railway—
from
Net
4,415,278
>
railway——
from
offering.
Listing of Common Stock—
2,112,956
2,079,448
2,060,325
has
depts.
preceding year.
No dividend has as yet been declared on the
shares issued earlier this month, but dividends on the old
a year in recent years and a dividend of 75 cents
share was paid March 1.
The prospectus indicates that the
payable
railway-— $17,627,293 $18,089,941 $18,351,402
8,482,695
6,822,027
Net from railway.——6,283,061
—
this
preferred stock
split-up
first
from
Net ry. oper. income
From Jan. 1—
the
Trust
Harris
shares aggregated $3
$12,176,307
Gross
nature
"Miller-Wohl"
a
East
exceptions
Rent
for purposes of tax financing, and in the case
selling 60,000 of the total of 80,000 shares, for the carry-
upon
1942
1943
the
shires
198,766
price
f
1944
the
few
Cost
>
registration statement April 29
a
company's report for the year ended Jan. 31, 1945, is not yet
available, but it is indicated that profits are expected to exceed those
Year to Date
and
1945
March—
through the filing of
selling at
now
for
bonds.
a substantial
block of common
available for public distribution,
The
1
^,. .".X"'
time obtain payment of the redemption
with accrued interest to July 1, 1945,
years
become
issued to the public 150,000 shares
provide funds for general corpopurposes, in view of the prospective development of new stores
the improvement of various existing properties. The preferred stock
ana
on
and
.
under different
Jan. 31,'45
shares primarily
3%%
rate
in
entrance into the South,
161,
ing out of its charitable purposes. The trustees include senior execu¬
tives
of
the
company
who are retaining their substantial personal
joint bonds
of
of
of one trust,
(Monon collateral), due July 1, 1952, have been called
July 1, 1945, at 105 and interest.
Payment will be
at the office of J. P. Morgan & Co. Incorporated, 23 Wall Street,
many
is 'to
underwriters of
total
the
of
-
& Nashville Southern
outstanding $11,827,000 of Louisville
All of the
$100).—V.
tiX;The shares to be offered, which are a pert of the. 2,460,792 out- /
standing after the recent 2-for-l split-up, represent less than one-half
Earlier
4%
in
centrated
listing of 150,000
(par
York,
New
operates
stores
two
the
in
operated
name
Sisters,"
covering 80,000 of the company's, outstanding common
expected that Goldman, Sachs & Co. and Lehman Bros,
SEC
It is
will be
in
company
indicated
was
shares.
$200,322
lime
first
the
of
investments
for redemption
the
under
"Three
located
shares
Co.,
:
and
difference
no
the stores
which
prelerred
Redeemable
events.
Summary of Earnings
the
For
■
X $285,414
1657.
Louisville & Nashville RR.—Joint Bonds
■ *
1945,
/
Exchange has authorized the
cumulative
Trust
6 Mos. End.
April 28, 1945,
kwh. lor the
increase of 12.8%.—V. 161, p. 1883,
31,280,000
;
31,
Net
output of this company for the week ended
kwh., as compared with 27,721,000
Electric
totaled
is
in
May Department Stores Co.—Registers .with SEC—>
10,017
(Ky.)—Weekly Output
Louisville Gas & Electric Co.
Stock
York
cf
&
History—Company
1429..
p.
X/X'x XX>V
.
New
shares
and
$275,397
$10,023
>
$0.52
X,'
$0.41
/
common shares.
,
•
.
and rental income for the quarter ended March
'
in certain
rate
diately
having
$38,472,902, as compared with $33,4.19,241 in 1944 and $31,441,909
The
;
;
Balance
,>
into
was
organized in Delaware Sept. 16, 1932, and imme¬
thereafter acquired the business of a New York corporation
the same name and another New York corporation, Three
Sisters, Ink
At time of acquisition there were 22 stores operating
1,245,320
Listing of Preferred Shares—
•
$30,476
X. 6,778
13,675
$22,379
1,023,334
$0.57
convertible
is
$1,245,320 X 'XiX Company
$1,023,334
share—.;,—
common
Bank
National
"Miller-Wohl"
name
There
with
$2,137,641
1,862,244
$28,862
1,614
'
$19,736
Operating income
Other income
2,832,770
1,336,275
'
1943
12 Mos. End.
Mar. 31, '45
3 Mos. End. Mar. 31
1944
1945
Total
in
(& Subs.)—Earns,
Electric Co., Inc.
&
-
$4,078,090
1,943,763
Note—Sales
were
Louisiana
1943
$3,654,765
.2.631,431
$1,336,275
profit after Federal taxes—
™__X™—™™™—™—X,.
Balance
1774.
p.
7" 1944
>
$5,110,038
3,773,763
—_
sold
"Earnings per
Net
—V.
194
taxes—
the conversion
Savings Bank, Chicago.
Business
taxes
for
stock
preferred
redemption at rate of three shares of common
preferred stock, provision being made for
of
selling women's wearing apparel and accessories in the popular priced
field, presently consisting of 66 units, of which 53 stores are in the
Middle West and 13 are in the South.
Fifty-five stores are operated
under the name "Three Sisters," nine stores are operated under the
Co.—Earnings—;
&
Quarters Ended March 31—i
Profit
$527,277
$211,038
facil.
and
$5,067,190
>:
$725,772
$257,952
rents (net 0r)__
rents (net Dr)
Equip,
Jt.
$869,235
168,507
32,891
income
oper.
535,956
160, p. 2405.
Marshall Field
convertible
to
part on the first day of any month upon not more than 40
30 days' notice,
at $52.50 per share, plus accrued
dividends,
transfer agents:
The Chase National Bank, New York,
and American National Bank and Trust Co.
(Chicago).
Registrars:
1945—3 Mos^-1944
$4,930,421
the
by
thaii
less
nor
613,796
590,296
—
financing
any
whole or in
$5,249,672
Provision
Railway
adjustment
38,687
represent
7'
share
of
8,288
515,987
40,744
surplus
-V.
$5,322,001
$1,539,777
988,847
262,500
v 77,393
$1,681,547
1,020.592
revs.——<
each
Commercial
1945—Month—4944
oper.
stock prior
for
12,415
surplus
Earned
not
'
cumulative
5%
stock
566,283
Total
Period End. Mar. 31—
common
Contributions in aid of construction-
Louisiana & Arkansas Ry.-—Earnings—
Railway
The
22,623
111,155
credits
Reserves
1544
P-
14,399
28,760
26,595
—
Accrued
x:.. vV
company.
193,483
payable
deposits
Customers'
l—>
♦Deficit.—V,
$930,300
2,276,000
does
and
holders
$930,300
mortgage
Deferred
income—
from
Net
1942
1943
2,247,000
stock (par $100).
and collateral trust bonds-
Capital
1044
$3,400,074
railway—
railway
oper.
From Jan.
Gross
;
,
104^
from
from
Net ry.
Liabilities-
■Earnings—
Long Island RR.March—
Monday,. May 7, 1945
Gross
1945
1944
1943
1942
$186,384
$214,890
$151,640
$113,331
71,742
92.972
54,611
40,688
29,816
42,377
26,549
27,087
railway-
511,475
558,614
432,485
322,746
railway—
184.140
211,036
179,305
104,012
income.
80,794
94.805
89,507
66,358
from
Net
from
Net
ry.
railway-
railway
oper.
income.
*
From Jan. 1—
Gross
Net
5
from
from
Net" ry.
—V.
oper.
161,
p.
1545.
i
Volume
Number
161
THE COMMERCIAL
4383
Minnesota Power & Light Co.—Earnings—
Period End. February-
Operating
Operating
Federal
Other
$700,954
119,684
—
2,222.429
123,718
1,731,726
74,026
taxes-,
183,700
74,966
873,625
taxes---
Prop, retirement
last
2,304,495
'
tour
62,500
750,000
Premiums
577
6,930
Net
7130,000
'6,893
577
—
income-—-.
Other
$258,260
Total
income
income
14,212
1,137
;
Net
gain
Divs.
Gross
Net
income
inc.
aft.
Dividends
—V.
161,
$271,600
€259,230
$3,388,221
$3,489,036
138,053
—
int.
124,941
1,772,074
stocks—
985,326
1,933,435
986,356
chgs._
applicable
preferred
to
1429.
p.
Operating
Operating
Federal
Other
revenues
expenses.
taxes—
281,016
taxes—-
Prop, retirement
61,000
Other
income—.
503
Net
income_rrr—-^'< $154,709
income after
est
j-j
,
$858,453
$685,937
83,363
93,868
applicable
161, p. 1429.
to
stock
preferred
••
»
1,437,569
266,856
'
—
$2.86
$2.28
$1.52
97,603
268.613
12,108
——$1,186,656
$1,127,066
$3.63
invests.
to stockhold.
par).
$3.95
300,000
"
from
from
Net
ry.
Gross
1942
$130,298
57,737
35,564
300,000
consists
of-
"
19,126
300,000
shares
from
Net
ry.'oper.
,
614,350
555,423
371,444
171,875
143,444
78,877
24,417
V
paid
in
each
total
paid
cash
since
year
of
1928
dividends
and, through
$3,730,000.
of
income—
//
excess
12,606
161,
161..P,
Net
;
46,619
57,355
26,500
Gross
from
Net
ry.
railway
railway
from
Net
;
from
from
Net
ry.
—V.
1942,
$256,512
$257,507
117,588
110.904
35,603
36,910
47,443
827,415
769,028
755,580
654,852
376,010
316,388
350,123
income—
111,058
108,590
97,695
from
from
railway..—
from
Net
from
Net
ry.
—V.
$7,977,183
income
railway
2,088,352
2,174,557
794,379
736,8^2
13,657,936
7,396,511
5,893,730
6,430,394
2,674,881
Net
from
ry.
r
10,741,762
2,969,284
9,730,935
5,518,668
3,896,539
1,157,559
railway_T—'
income—-
1,499,422
' ; '
/>».
'
1430.
1,626,828
,r
Aviation
639,044
2,074,003
1
-
•.
•
'•?
1945
1944
f$22,544
Federal
taxes.
-
tExclusive
credited
was
to
railway
railway
1943
1944
1942
of
$335,648
share—.,—
L
per
value
a
and
161, p. 1430.
net
profit
8,035,806
8,995,849
2,787,608
3,673,908
sale
on
1
2,756,930
the
value
•;
/
56,819,897
24,483,436
57,493,614
24,673,434
53,105,117
32,273,517
25,523,946
10,503,535
Earnings
8,699,272
11,883,670
7,167,196
T—V.- 161,
p.
Interest
The
Mountain
gage
4%
Mountain
Stock' Exchange
bond)
$700
per
Iron
on
Iron
on
York
New
&
will
Southern
30-year
gold
principal),
be
Net
Ry.
bonds,
paid
May
on
River
due
and
that
other
of
1945, on St. Louis,
Divisions first mort¬
ment on registered
stamping and on certificates of deposit
1945.—V. 161, P. 1430. '
securities
are
sales,
from
Net
from
Net
ry.
Sell.,
income
——163,598
expense
266,516
$626,474
$615,066
321,318
356,639
371,806
139,907
169,789
(&
'■
if"
disc.,
allow.—
from
'•
Net
ry.
—V.
railway——
1,506,278
1,708,071
1,789,282
4,357,895
232,438
3,391,650
220,492
158,064
•
729,716
905,320
1,011,916
204,170
363,993
453,187
349,618
and
$1,230,445'■ $1,137,863
$1,110,646
$1,256,504
712,034
696,390
729,440
$498,941
$425,829
$414,256
108,500
profit
75,878
113,199
$607,441
$501,707
__
_
Federal
Other
exp.
on
1945—Month—1944
$1,666,621
1945—12 Mos.—1944
442,318
4,986,630
1,624,282
$527,064
16,926
1,920,709
2,054,618
$593,398
$570,396
$6,643,162
$6,408,268
$543,990
46,965
44,269
Other
income
14,344
(net)—
5,185
Net
income
est
$607,742
100,454
-
$6,743,616
372.378
4,235,111
to preferred
1-: Note—The
1944,
owned
prior
stock../.
includes
statement
operations
,
of
the
for
periods
company
wholly
owned
subsidiary,
Great
Falls
prior
and
subsidiary. Glacier Production Co., and
Jan. 1, .1944, consolidated operations of
1430.
a
Insurance
block
'
the
204,300
261,000
248,500
$179,283
$173,362
$0.08
$0.08
inc.
for
&
excess
$34.50
per
first public
$59,979
..
■
$233,918
$281,492
——
$0.12
$0.15
sh. of com. stk.
constitute
new
v...
of
capital
(net).- -V.
assets
161,
1858
the
of
as
name
the
of
Baltimore,"
company
and
its
(& Subs.)-
was
Fire
changed to
present title was
February, 1928, the company converted to
capital
and
business
offices
in
in
surplus
13
41
States
cities.
of
$546,850.
and
Based
the
of
1.
payable
bonds
will
at
be
office
In
or
coupon
in
counsel,
of
these
in
Maine,
Island,
subject
to
bonds
New
will
be
legal
authorization
by
the
Invest¬
New
Hampshire,
Jersey,
Interstate
Com¬
»*
of
counsel
railroad
for
will
company, the refunding mort¬
be
issued
is. a
direct first iien,
and
other
owned
additional
957,534
Dec, ,14,
to
including, for
period
the
and its
Co.—-V. 161,
company
Townsite
Baltimore,
Md.—
on
company,
does not
in
Insurance
Maryland
Co."
In
refunding
by
minor
encumbrances,
,
upon
the
l>nes
company, on the company's
railroad
operated under lease
of
from
and
operations
1945
1944
—
$17,052,940
3,543,683
3,294,067
429,269
436,746
from
dividends..1..——...
for
and
L_—
depreciation
charges
for
bonds
in¬
Federal/taxes on
—
9,650,000
4,850,000
$3,429,988
income..r„___
Net
profit per
.
"After
'
V.
161,-
share.—
$2,550,143
cost, of
deducting
p.
1658.-'
-
"
2,206,392
—
——
sales,
selling
and general
Debt
since
its
of
>
t
.
2,206,267
$1.55
expenses,
$1.15
etc.-
■
England Gas & Electric Association—Output—
ended April 27 this Association reports electric output
This is an increase of 306,107 kwh., or 2Acfo above
12,385,743-kwh. for the corresponding week a year ago.
Gas output
for the April 27 week is reported at 132,095,000 cubic
feet, an increase of 2,197,000 cubic feet, or 1.69% above production
of
i29,898,000 cubic feet in the corresponding week a year ago.—*
P-
interest
.
New England Power
in
Association
The
reports
Association—Output Up 3.44%—
kilowatt-hours available for 'its
1945, as 63,002,811, as compared
ended April 29, 1944, an increase of
number
which
Columbia,
a
In
paid-in
is licensed to do
maintains branch
life insuiance in force at the
end of
60,907,395
for
the
week
of
3.44%.
Comparable figure for the week ended April 21, 1945, was 62,238,014,
Increase of 2.71% over the corresponding week last year.—V. 161,
an
p.
1659.
date
Sept.
for
the
to
1,
present
of
payment
redemption date.
Charges—A program
will be $48,100,000, or 29%,
will amount to $3,606,000,
cumulative
of debt
reduc¬
net reduction
and the
49%.
or
*.
•
.
Stock
(par
liability- for
and
115,789,000
136,057,771
*
pfd.
stock
stk. (par $100)-.
$100)
|33,746,734
—
conversion——
—
on capital stock—;—-----—r
assessments
24,100
200,724
,
'
$10,000,000 of Series E bonds will be held in the com-
"In addition,
pany's treasury.
-
#
j
propossed to be issued in the near future.
accumulations on this
$82.50 per share.
stock
$29,746,530, or
Summary
Earnings
of
for
March
of
as
-
31,
1945,
were
Calendar
Years
j
Fixed
'
"
Net
Avail, for
Fxd. Chgs.
Charges
$100,458,548 $12,530,436
$5,310,512
$7,225,924
100,093,565
14,788,709
5,600,683
9,188,026
88,742,413
14,524,558
5,833,987
60,219,289
46,423,402
19,561,093
10,644,686
43,175,401
10,463,603
6,874,402
7,033,857
7,092,401
36,381,231
6,140,890
7,200,394
41,612,266
10,015,918
41,712,951
14,883,205
8,581,792
Revenues
1944
1943—
.';
;
1940
1939
—
1938
——_
1935
''
—-
34,243,513
.
,
Income
8,690,571
12,686,691
3.610,829
,
7,360,357 ,
7,502,723 '
7,465,863
3,371,202k
*1,059,504
2,655,561
7,380,482
1,115,929
*
"Deficit.
Purchasers—The
names
of
the
;'
_
.
Income
Ry. Oper.
1942
>
■
.
Does not include $1,400,000 equipment trust certificates
■(Estimated.
1936
1935.
redemption
charges
varying amounts
6%
Common
adopted
July,
due
bonds, series D due Jan. 1, 1975 $42,000,000
Refunding mortgage 3J/4% bonds, series E, due June 1, 1980 "58,000,000
Equip, obligations, various rates & matur. through 1958 in I
1937-
in
C,
invited
Refunding mortgage 3%%
with
stock basis with
the
be
debt outstanding in the hands of the public by
35%, since 1934.
The net reduction in total debt for
or
period
same
week
1884.
Series
will
present
.
161.
'
has resulted in the elimination of all .early
mortgages, and all note issues.
With the
financing, Nickel Plate will have reduced
1937
the
production of
V.
1,625
-
bonds,
redeemed
12,691,850 kwh.
of
owns
non-equipment
the
tUnpaid
1870
be
Interest
and
divisional
all
Premiums
profit ,•» .—I—.—A—
Common shares outstanding-—______
Company
line.
price thereof and interest to the
in
pursued
to
advance
in
of
$11,130,956
depletion—...
income
and
4 J/z%
mortgage
bonds
the
maturities,
territory for the week ended April 28,
Company,
District
upon
Dec.
Definitive
line and 34 miles of branch
redemption
"Mutual Life Insurance Co.
a
Offered—
Capitalization to be outstanding after giving effect to present financing-
-Earnings-
Net
wholly
incorporated
the
and
banks
Rhode
sale
of
of
1941
and Business—Company was
the "Maryland Mutual Life and
508,495
,
1980.
1,
1
principal,
opinion
opinion
completion
in
.
,
financing.
history
June
York.
pledged under the refunding mortgage.
$54,588,000,
disposal
loss on
.
Provision
former
Corp.
offering of stock of this
490,539
.
issue of April 30 of the offer¬
our
June
to
as
certain
Reduction
tion
191,900
profit
per
.
May 1, sold
13,800 shares of capital stock (par $10) at
share.
The offering which represents the
of
706,256'
275,682
373,170
which the bonds
ordinary tax liens
in
or
their
12,457
New
Co.,
Boston
303,647
1978.
53,708
For.the
Life
Offered—The First
•
Purpose—Proceeds
($57,871,820, exclusive of accrued Interest)
to¬
gether with funds from treasury to the extent required, will be applied
to the redemption on Sept.
1, 1945, at 102 plus int., of company's
55,963
terest
.....
Monumental
Stock
interest,
and
miles of main
13,559
Interest
.
957,534
...
to
former
p.
income
consolidated
402.231
274,979
-
trackage rights, on all equipment owned by the company, including
leasehold or
other interest
in
equipment subject to equipment
obligations, and on certain real estate and securities specifically con-/
49,591
4,071/153
.
-
interest
24,022
fFrofit
$6,545,435
inter-
after
charges
Dividends applicable
631,326
or
6,472
National Steel,Corp.
<
137,167
$575,581
.
158,771
443,075
due
1945;
and
lines
10,052
Provision
incomes
Gross
121,468
676,808
Further details follow.
1,
Commission,
to
7,200
Quarter Ended March 31—
revs..—..
270,380
"
savings
Holders
Property retirement and
Net'oper.
1942
$264,552-
341,198
made in
the
under
*82,582
1546.
p.
$527,455.
*
depletion reserve—i__
In
for
,
the
deducts,-
"Includes
1,714,067
' 171,902
Earn,
5,512,380
150,663
125,000
——
506,557
133,882
...
1943
119,262
244,062
and
subject
for doubtful accts.
Net
$1,965,015 $20,618,487 $21,791,176
565.497
5,443,704
6,101,843
372.023
expenses-
June
Security—In
funded
profits taxes
Co.—Earnings—
revenues
taxes.
taxes—
income—-—
debt
Prov.
Prov.
Operating
Operating
of
1944,
denom. of $1,000 and in fully
registered form in denom. of $1,000 and authorized multiples thereof.
Redeemable all on or part at option of company, and In
part through
operation of sinking fund, the initial redemption prices being 104%%
and 101 Vr%, respectively, of the principal amount, plus accrued in¬
veyed
gen.
731,504
Miscellaneous
Period End. February-
*'
-
662,472
income
was
$59,875,000
997,155
income—
Montana Power
of
basis
on
$222,107
114,064
*
of company in New
merce
3,457,091
t542,889
deduction
1945, $70,711 in
'
1944
1547.
all
243,175
income
Int. and
1545.
p.
income...
registerable
gage
5,162,856
& depr._
—
Operating
1,693,027
oper.
161,
form,
1942
$4,806,218
in
$235,853 '
83,884
railway
Principal
agency
ments
$4,788,229
amortized
104,233
$261,670
railway
p.
Dated
terest.
$5,728,196
fBefore
be
Connecting RR.—Earnings—
1945
oper.
1498,115
etc.
to
ing of $58,000,000 refunding mortgage 3*4% bonds, series,
E, by Halsey, Stuart & Co., Inc., and associates, at 101
$1.44
,
taxes,
"amount
New York Chicago & St. Louis RR.—Bonds
2,045.451
1943
-t464,177
income
of
railway—.
railway...—.
Mention
2,230,275
■/,
■;
profit---—
Total
railway,.—
from
York
161,
—„$1.35
1944
$0,636,476
sold, excl.
admin,
Other
From Jan. 1—
Net
Federal
amortization
oper.
ry.
6,149,152
"
Gross
for
Net., from
$2,938,334
Subs.)—Earnings-
1945
776,559
.......
interest,
from
6,090,000
—
Subs.)—Earnings—
1943
From Jan. 1—
Gross
t
153,663
-
and
161,
813,644
deprec. and tax..
from
$3,089,707
—
f
■
income
New
1944
$9,354,002
res.
1942
$599,494
103,600
costs,-not billings or sales,
charges ar.d
adjustments.—V.
audit,
$3,419,710
after
Pennsylvania
less,
and
expense
1943
304,928
railway—
oper.
represent
year-end
Its
1944
:
$585,582
railway-
1945
$9,343,305
_—
deplt. and deprec.——
Gross
Gross
'
&
outstanding—;™—.
share—,
Prov. for depl.
Monongahela Ry.—Earnings—
1945
figures
581,000
-
$26,203,000 $31,733,000
—
March—
Redemption—
,•/
.;.
711,000
1944
ry.
$16.42
included at
stated at cost'.—
are
570.
Cost of goods
to holders of record April 30,
1,151,000
other
recapture of contract," amounting to $72,832
and $68,051 in
1943.—V. 161, p. 1430.
446,474
shares
returns
702,000
and
837,602
Net
$19.03
446,474
deprec.
after
•
Gross
of
surrender of Interest warrant No. 3.
The pay¬
bonds will be made on presentation of bonds for
March-
operations
3 Mos. End. Mar. 31—
on
payment
to
as
:
accessories
$3,473,126
income
Net
National Gypsum Co.
interest of
1„
Gulf
(stamped
1933
and
above
to
Mar. 27, '44
1945
Issuance
notice
received
Performed
Mar. 26, '45
income—$3,567,835
"Net
Bonds—
has
844,873
$24,790,000 $30,001,000
conversions.'
and
Quarter Ended Mar. 31—
from
$19.60
——
per
8,783,362
Common
/
—;
Net
•
amortization
profit
income—_
oper.
2%, ($14
$300
Net
Work
of
———
31,'44
446,474
income, capital stock and excess
taxes
profits
Cost
;
turbines
subject
Gross
of
for Fed.
Prov.
3,961,198
2,802,308
and
railway—
railway™—
from
ry.
Recorded
construction
repairs
Gross
readily ascertainable market price
/..
.
from
Interest
8,085,458
income—
of
:•> New York City Omnibus Corp. (&
$23,913
surplus account.
of shares
Earnings
$19,358,491 $19,825,621 $18,468,599 $11,643,862
from
Net
Net
483,947
:
"After
Corp.—Earnings—
3 Months Ended March 31—
;;
From Jan. 1—
Gross
995,455
income—
1546.
p.
and interest.
1945
oper.
949,964
►
■
876,834.
„
V
1,717,948
March—
Net
1,998,134
343,521
1,496,418
1098.
p.
254,011
corporation has called for redemption on June 1, 1945, at 104
interest, $550,000 of 3'/4% debentures due,1960.
Payment ,3will he
made at the office of Goldman, Sachs & Co.-, 30 Pine St., New York,
N. Y.—V. 161, p.- 1884.
3.186/810
2,470,722
Missouri Pacific RR.—Earnings—
from
1,641,595
2,156,182
1,352,255
.
National Distillers Products Corp. (& Subs.)— Earnings
Gross
3,067,022
ship
wprk
465,206
National Dairy Products Corp.—Partial
10,608,165
2,119,742
,
income—_
346,085
2,736,078
Hydraulic
797,177
and
19,507,628
356,706
income.—
Note—The
1658.
p.
-New
;
1942
$1,981,159
The
'.■ -}'■■' i;■1
' v't5
■
r
—V.
1,288.722
1,054,785
j
$576,671
449,684
162,919
railway—
Statement
-Earnings1943
$3,504,059
$3,855.G29
22,051,264
railway
oper
161,
\v
V.
'
$6,903,717
755,578
.
.
1942
1942
$740,300
13 Weeks Ended—
1,480,876
assets
market
1943
$6,535,311
railway—2,365,982
oper.
From Jan. 1—
Gross
1944
1945
1943
$1,103,015
580,755
railway———
131,
are
1944
$3,734,997'
Mar. 31,'45 Dec. 31,'44 Mar.
'■Net
Missouri-Kansas-Texas RR. —Earnings—
ry.
$0.65
income.—
Number
March—
Net
$0.76
;
533,123
securities which
133,768
Ry.—Earnings—
1944
688,146
325,461
'
t
$1,421,022
1,113,827
"Securities with
Net
$0.64
r
$616,021
293,664
oper.
544,586
Work—
653,281
p.
"After
■
railway——
161. p. 1429.
Gross
805,000
$722,725
Quarter Ended March 31—
■'Net
1,747,089
369,541
$961,849
railway
oper.
from
—V.
"-V
.
$246,201
99,651
41,410
railway
1,712,500
950,615 shs,
on
income—t
National
157,090
From Jan. 1—
Gross
Net
1943
1,866,861
...
.
stock
preferred
railway.
provision
1944
149,329
246,688
,
to
1945
from
Ship
..
oper.
—v. 161,
$306,477
income—
oper.
ry.
$3,921,407
1430.
Net: ry, oper.
^
10,328,176
railway'—-3,038,383
from
31,770
$3,826,854
Newport News Shipbuilding & Dry Dock Co.—Cost of
$613,582
V
>:/■ 1945
railway—_ : $3,711,717'
railway-^—
1,214,896
oper.
Net
1945
ry,
Net
t
'I;.
/70.
from
Gross
Missouri Illinois RR.—EarningsMarch—
Net
>
,
28,",45 Feb. 29, '44 Feb. 28,)'43
1,112,500
from
from
Dr5,514
$347,281
inter¬
after
181, p.
Gross
the
1944,
$2,435,225
prof, taxes (est.)
js>h.
From Jan. 1—
1545.
p.
2,444
$366,585
applicable
Net: from
capital-
$1,726,082
u--—-L~—1— —'
per, com.
Net
Deficit.—V.
Feb.
y
charges—__—
,
profit
Net, ix
$3,889,637
March—
•
Nashville Chattanooga & St. Louis Ry.:
,17,745
700,415
135,048
railway.
:
railway-/-—
$3,832,368
5,238,845
3,066,640
From Jan. 1—
had
after
Gross
3,534,000
$344,837
(net).—_
income
Gross from
400,000
300,000
.
March—
//:'%' 1'//>//. V,
from
Net
*
1943
$208,338
64,512
income— /r ;>11,600V-,-
oper.
From Jan.
;
1944
$223,317
-
3,534,000
$366,585
Totals
19,105
1945".,
/,
railway—
railway—
294,500
New Orleans Texas & Mexico
-
$1.49 t
$2.32
.
$218,836
March—....'r..j.-.,.;
Net
4,348,644
3,133,612
294,500
charges
—V.
$'448,207 r
$698,C'45;
$3.75
;
Missouri & Arkansas Ry.-^-EarningsGross
263,997
res.
revs.
income
est
are
have, been
—V.
528,950
274,552
-oper.
Dividends
.
Earns,
575,936
....
income
1,297,000
Gross
"
from
{$10
Net
1945—12 Mos.—1944
Dr6,473
.
Net
—
6 Months Ended—
605.845
400,893
-
-
Net
"
Net
1,189,880
appropriation
$454,680
"
.
taxes
in lieu of
Other income
$1,089,053
Fed. inc. &
charges
Dividends
—V.
„
Inc.—Earnings-
$2,510,460 $29,929,229 $28,651,099
1,078,176
13,783,605
12,921,977
taxes
.
4,165,450
being paid at the rate of $1.20 per annum.
Dividends
have
been paid
annually in January, but' commencing in 1946 the
dividends- will be paid
semi-annually- January and July.
Cash divi-
$1,543,498
$2,430,728
$174,167
inter-
$2,701,453
expenses
Property retirement
policyhold¬
Dividends
2,815
"
revenues——
7,001,441
4,970,593
Murray Corp; of America—Earnings—
Gross
-
Service
1945—Month—1944
taxes
Chgs.
119,723
$1,540,683
$2,422,363
8,365
$173,664
925
—
Public
$574,403
divs.
stock
922,000
732,000
61,000
$153,784
revs.——
6,147,395
-
124,973
share—;
dends
oper.
Other
$11,741/294
$810,910
dividends
company
Net
Federal
120,024
//Capitalization—Capitalization
reserve
appropriation
1941
'•
752,315
697,655
79,409
79,168
1942
$978,477
Total
$1,000,468 $10,764,776 $10,158,369
505,749 . 5,732,358
5,811,675
1,131,696
180,646
1,180,400
$1,097,921
522,953
1943
6,679,97i
revs.
share—
Cash
Orleans
Operating
Operating
r
.
113,424
prof:
Per
New
period End. February—
the
$1,202,477
Per
1945—12 Mos —1944
1945—Month—1944
for
insur.
Net
Mississippi Power & Light Co,—Earnings—
/ Period End. February-
insurance
following
'
in
from
after
ers'
Vr'.,
:
the
policyholders.
to
Net
life
'
shows
$15,886,450 $14,290,007 $12,970,208
8,004,002
7,164,135
7,188,705
—„,
increase
stock
2003
.
disbursements
$3,481,871
7,165
$3,374,009
970
$270,463
i
309
States.
exhibit
$14,396,381 $13,087,785 $11,891,814 $10,719,129
54,193
41,635
24,592
45,362
1,435,876
1,160,587
1,053,802
976,803
———_
invest,
the
among
United
loss
,'
accum.; etc.—
Total
revs.,
oper,
19th
the
and
>•
Total
Net
in
gain
years:
Dividend
62,500
operating
1944
1,794,705
929,145
reserve
appropriation
Amort,
of
limited-term
ranked
company
Earnings—The
v$9,267,109
173,704
expenses—
investments
$8,958,719
$703,721
this
1943,
companies
1945—12 Mos.—1944
1945—Month—1944
revenues
& FINANCIAL CHRONICLE
several purchasers
of the
refunding
<
/
,
;
3'/«% bonds, series E, and the principal amount of such
they respectively have agreed to purchase are as follows:
mortgage
bonds which
Stuart
Halsey,
Martin, Burns & Corbett,
Co.,
Sc
Emerich
Inc.
A.
100,000
350,000
100,000
Wm.
Bass & Co._„_
100,000
The
Jack
M.
,
&
Co.
100,000
Co
Brooke, Tindall & Co
Inc
& Co.,
-
Carroll & Co—
Central
Clayton Securities Corp.
Coburn Si Middlebrok—
C.
Collings
C.
Dallas Union
Paul
Si
Dempsey
&
Forgan
Glore,
Inc.
E.
500,000
Townsend,
"., Tyson
500,000
1,500,000
Harris, Hall & Co., Inc. 1,500,000
&
Heller,
Co—
&
—
400,000
Inc.——
250,000
Taylor & Co
—
Ladenburg, Thalmann &
750,000
Co-
Si
Kalman
Co.,
Kean,
Co.
2,250,000
Loewi & Co.—
e^V. 161, p. 1885.
150,000
3 Mos. End. Mar. 31—
561,071
338,300
254,514
159,421
369,970
142,597
(& Subs.)—Earnings—
surtax
14,200
17,900
3,147,548
231,496
tax-
and
excess
32,300
32,400
516,700
Cr9,000
Cr4,000
CrG7,000
Cr71,800
18,670
227,659
$332,680
$337,955
$4,464,803
251,776
filing
from
246,963
$23,053
$26,021
$408,397
$427,084
(net).—
691
784
8,383
income———
$23,745
$26,806
$416,786
288
1,925
16,924
$23,456
$24,880
$399,861
171,854
750,000
Co-
Si
Co.—
Neal
&
—
100,000
Co., Inc.-
&
150,000
1944
,
1943
$1,212,702
1944
937,315
848,873
669,592
686,443
$630,790
$597,092
$543,111
$496,497
2,183,319
361,894
1,802,429
2,495,845
1,719,018
34,693,368
36,526,829
31,573,771
7,916,793
11,095,647
10,912,417
income™
4,602,635
5,078,126
6,613,183
23,016,791
5,719,786
4,281,101
Northern Pennsylvania Power Co.—Calls 5%
Bonds—
railway
oper.
161, p. 1660.
all of its
outstanding
series A,
due June 1.
1956, at 102y2 and interest.
Payment will be made at
the Guaranty Trust Co., trustee, 140 Broadway, New York, N. Y.
Holders may receive payment in full at any time at the full redemp¬
tion price, plus accrued interest to June 1, 1945, upon presentation
and surrender of above-mentioned bonds.—V, 161, p. 1431 and 1246.
has called for redemption on June 1, next,
first and refunding mortgage 5% gold bonds,
company
460,385
463,479
432,383
States Power Co.
Northern
(Del.)—Weekly Output—
406,037
Electric
Taxes, interest, etc
income
foregoing
figures
$110,728
$133,614
$170,405
Note—The
provision
of
exclusive
are
$90,460
for
income
No liability is indicated for excess profits tax.—V. 161, p. 1885.
tpxes.
output
this
of
kwh.,
46.223,00
for the week ended April 28, 1945,
compared with 42,020,000 kwh. for the
an increase of 10.0%.—V. 161, p. 1885.
company
as
corresponding week last year,
March—
possible
order.
position
mechanical
it
reasons
is
always
alphabetical
alphabetical
to arrange companies in exact
However, they are always as near
as possible.
railway—__
railway—
from
ry.
$542,860
88,556
31,188
"
$560,078
$329,668
94,246
32,243
40,671
$499,754
62,070
income.—
*7,865
2,027
oper.
1942
1943
From Jan. 1—
not
from
Gross
Net
from
Net
ry.
railway
1,423,783
1,566,969
railway..
911,547
1,366,796
307,608
41,902
152,698
189,474
306,648
Co.- -Annual
35,873
158,093
*71,577
161, p. 1431.
March—
Income
Statement,
Years Ended
81
Dec.
Production
of gold
Freight and
other expenses
Net
$2,093,991
$2,056,136
Net
ry.
—
116,863
128,733
bullion.
on
Operating
income
expenses
'
44,354
$1,927,403
Net
348,245
operating
admin,
Y.
_
1,194,465
1,129,657
Net
ry.
——
$782,663
Net
operating
Income from
:
——
general
95,468
$705,053
107,584
97,909
-
etc.
income...
oper.
Oklahoma
The
208,512
Total
income
$794,780
tax
and
C.
28,566
59,883
66,734
.y
Gas &
Stock
Exchange
bonds,
and
of
authorized
the
listing
due Feb. 1,
1975, 2
has
series
outstanding.—V.
——
One East Fifty-fifth Street
See Seven
Eleven Fifth Avenue,
161,
p.
Balance
„
See
29,656
expend
Postwar
510,488
Corp.—Partial Redemption
Balance
$2.92
Assets—Cash,
allowance
for
$369,017;
142,
p.
2678.
expenses,
at
$375,939;
smelters
marketable
in
transit,
securities,
and
mill
and
other
receivable, $16,599; broken ore in stopes
$169,625; inventories, $438,948; investments
bins,
at
assets,
Liabilities—Drafts
for
taxes,
$8,579;
contingencies,
320;
earned
payable,
Federal
$25,000;
surplus,
$65,477;
taxes
capital
$2,186,771;
accounts
on
income,
stock
(par
total,
payable,
$68,587; ac¬
$185,960; reserve
est.,
$10
per
$4,396,694.—V.
share),
161,
p.
York, New Haven
Total
pper.
revenue—
Net
raUway oper. inc._
Inc. avail, for fxd. chgs.
"Net
after charges
•Includes
accrued
&
Hartford
Total
25%
and
2,465,556
1,462,234
unpaid
real
2,160,599
4,111,983
2,465,811
5,512,146
1,447,782
2,483,327
estate
$14,628
2,413
the purchase price of each
of
after
production
taxes
on
Old
$17,638
$26,773
$18,271
11,276
10,216
8,169
6,573,395
Net profit
Fed.
taxes
from opers.
10,650
10,650
10,650
$93,648
*$2,596
219,616
57,485
income-
on
Net profit
shares of such
Subsequently,
and Providence properties; also accrued and unpaid charges
against said properties for Boston Terminal Co. taxes and bond interest.
161, "p. 1885.
2,775
of
$27
March—
Gross
from
Net
from
for period.
t$223,264
tBefore contingent provision
a
$13,572
on
1944,
$52,114
$38,304
*$2,126
for directors' compensation of
securities
on
and
March
owned
based
in the statement of profit
net
unrealized depreciation
of
market quotations at Dec. 31,
shown
3}, 1945.
*
,
Balance Sheet, March
*
Options
stock
mon
Net
ry.
1944
1943
1942
$802,124
$642,447
$572,133
17,879
63,024
56,564
67,748
oper.
income—
•113,836
•34,308
5,420
*8,781
From Jan. 1—
Gross
Net
Net
from
fropi
ry.
railway
oper.
income—
owned, $3,261,395;
prepaid expenses,
debenture
securities
of
total
shares
♦Defipit.-^V. 161.
p.
loans payable (quoted market value of securi¬
$348,050), $153,000; sundry accounts payable and accrued
(including $13,700 matured debenture interest), $21,711; ac¬
on
5%
debentures, $7,875; contingent reserve for direc¬
compensation, $17,861; 5% gold debentures, due Nov. 1, 1947,
5%
gold debentures, due April 1, 1948, $474,000; capital
stock (par $1), $141,151; paidrin surplus, $3,386,870; profit and loss
deficit, $1,294,591; total, $3,285,877.
j
Note—At
1,846,634
1,543.864
113,809
105,250
Rio
*94,021
*88,727
stock
interest
$378,000:
140,928
1430.
stock were redeemed for cash at the call price
accumulated and unpaid dividends of 27 cents
plus
Officers—At
to
Dec.
31,
1944,
called
for
24,000
shares of com¬
un¬
these options may be purchased each year
1952, when all of the options expire.—
by
May
17,
■
,
Earnings—
Pennsylvania Power & Light Co.
expenses..
Federal
appropriation
2,226,689
2,201,139
835,628
791,263
26,886,620
7,462,893
26,152,264
7,020,088
166,117
1,636,823
2,021,559
258,333
311,667
3,633,333
3,481,667
...
res.
_______
limited
of
$4,374,028 $51,164,852 $49,923,621
155,336
taxes...
taxes.
Amort,
■
1945—12 Mos.—1944
1945—Month—1944
$4,474,583
revenues—
of
Net
Other
term
2,998
utility
oper.
on
p.
a
"when
Grande
for
2078.
March
31,
1945,
issued"
basis
Western
RR.
$21,450,
plant
144,056
revs
288,112
$854,541
adjusts.—
income
$903,842 $11,257,071
511,245,045
Net
income
after
the company had
500
for
resulting in
shares
$19,625
an
of
and
a
contract
preferred stock
had
56,088
$912,447 $11,342,382
$861,737
$11,301,133
inter-
441,774
393,737
Dividends
85,311
8,605
7,196
(net)——
income
applicable
to
preferred
5,544,632
5,778,028
3,387,992
stocks
3,837,992
161, p. 1432.
v
a
to
of
contract to
unrealized profit of
Cement
12 Months Ended March 31—
less cash disct.
and allows.
1944
$4,502,067
deprec., etc
1943
$6,962,493 $11,459,656
5,121,162
6,459,272
8,813,657
*$619,095
$503,221
$2,645,999
93,669
43,070
*$601,697
$596,890
$2,689,069
110.646
141.616
198,509
+2,000
operations..
income
Total
Net
from
192,900
1,539,000
$262,374
$951,560
income
and
miscellaneous
income
taxes
__
charges.
,
profit
.
1 Taxes
of
subsidiary
Consolidated
*$714,343
-
company.
Balance
Sheet, March 31, 1945
Assets—Cash, $1,920,582; U. S. Treasury certificates of indebtedness,
$525,000; notes and accounts receivable (less reserves), $348,463: in¬
ventories, $1,325,241; U. S. Government securities, on deposit with
State Workmen's Compensation Commissions, $35,000: cash on deoosit
with
trustee,
$65,311;
sundry
investments
and
deferred
(including claim for tax refund, $780,000), $783,808;
$5,760,667;
purchase
&
taxes,
deferred
charges
to
$10,989,265.
$1,825.—V.
Subs.) —Earns.
(&
1945
:
Other
sell such
Denver
Corp.
17,398
Cost, exp., deplet.,
•Loss.
$725; total, $3,285,877.
tors'
2,229,774
*94,503
preferred stock, and 13,-
reserved for issuance to officers of the corporation
were
Liabilities—Collateral
*339,619
*661,571
the
at
options dated May 17, 1944, at the closing market price for shares
common stock
on
that date. $14,125 per share.
One-eighth of the
Federal
(including $13,700 on deposit for matured
$19,782;
accrued
dividends
receivable,
$3,975;
interest),
1,850,661
railway—___
stock
der
Interest
'■
31, 1945
Assets—Cash
crued
1945
stock were sur¬
conversion rate of
preferred
such
of
common
for each share of
share.
per
Profit
Note—During the 1944 period, as
and
loss
account, there occurred
expenses
$756,338
railway
railway
share,
per
into
stock
common
shares of preferred
025
shares
39,063
conversion
Pennsylvania-Dixie
*3,970
ties pledged,
Ontario & Western Ry.-Earnings—
1944, 52,088 shares of
convertible preferred stock, being all
outstanding, were called for redemp¬
—
30,350
$17,861.
-r-V.
New York
for
then
stock
$8644
$7,954
from sales of
securities
and
Boston
cumulative
company's $1.25
the
5,143
10,650
debentures.
on
3,493,497
Colony
airplane, will be due within 30 days
is commenced, and the third instal¬
the airplane
of
Redemption to Preferred Stock—On March 27,
the
Sales,
5,559,290
agreement, the cor¬
3,010
Net profit
1945—3 Mos.—1944
above-described purchase
the
ment, representing the balance of the purchase price of each airplane,
will be due upon the delivery of such airplane to the corporation.
—V.
771.
$16,168,578 $15,739,940 $43,365,116 $44,255,352
2,068,686
,..1 $24,360
1,893
$25,575
Interest
$1,856,-
RR.—Earnings-
1S45—Month—1944
1942
1943
1944
$16,378
Expenses
•Loss.
New
Period End. Mar. 31—
with
poration has deposited with an escrow agent, $70,000 principal amount
of U. S. Treasury notes and $5,000 in cash, representing the first in¬
stalment under the agreement.
The second instalment, amounting to
Gross
$148,560; prepaid items, etc., $226,936; buildings, machinery and equip¬
ment (net), $378,385; new mining properties, $265,091; total, $4,396,694.
crued
'
1945
•
$23,425
opers.—Divs.
after
$2,007,595;
accounts
cost,
cancel its purchase agreement if production is not begun by
may
1. 1946.
connection
acquisition
2,150
from
Interest
and
agreement
an
investment
Securities Co., Inc.-—Earnings—
Quarters End. Mar. 31—
Inc.
Sheet, Dec. 31, 1944
bullion
into
airplanes within 60 days after the removal of wartime restric¬
tions, and conversion of its plants to peacetime operations.
The com¬
Other
below.—V- 160, p. 2005.
Inc.,
Peoples Water & Gas Co., below. —V.
Overseas
491,925
$2.88
share—
per
entered
has
these
pany
Amort,
Earnings
corporation
Douglas Aircraft Co., Inc., for the purchase of 15 Douglas
airplanes which, it is estimated, will cost approximately $400,000
for each airplane.
The manufacturer has agreed to begin production of
-V
$573,020
Dividends paid
Contract—The
the
Operating
*
$534,922
31, 15144
DC-4
Property retirement
$543,364
$534,922
_
of
$408,055
revenue,
$7,989; common stock (par value $1 per share), $474,460;
capital surplus, $2,778,052; earned surplus, $1,022,916; total, $5,905,371.
Period End. February-
1358.
Oregon-Washington Water Service Co. —Bonds Called
Credit arising from capitalization
;
Co.—Listing of Bonds—
mortgage
first
issued
are
Electric
220,000
$279,733
payable, $659,956; transportation taxes,
em¬
withholding taxes, etc., $184,812; salaries and wages accrued,
taxes, other than Federal income taxes, $63,120; ether ac¬
crued liabilities, $47,716; provision for Federal income taxes, $401,811;
deposits on air-travel card acocunts, $138,194; unearned transportation
(cumulatively) until
161, p. 1886.
36,811
A
Appropriated for depletion—
;
•
145,220
337,600
$126,345;
Operating
176,434
27,280
surtax-,—
Government of Honduras,
Taxes,
29,705
$802,962
154,720
17,787
income
74,403
55,408
'
^
"W';'.,';
York
New
$35,000,000
which
Federal normal
norm,
V.
92,693
$687,196
expenses-
profit
investment,
256,031
59.725
$797,746
——
profit
and
377,776
200,473
69,617
389,471
160,531
$103,607
369,725
$633,055
225,000
provision is necessary for Federal excess profits tax.
Stock
railway.^—
railway...
from
tax and surtax
34,482
$499,733
$404,635
two shares of
1942
1943
61,058
18,866
—V, 161, p. 1431.
Mine
N.
.T
14,186
from
$1,977,128
-
Fed.
rendered
$126,051
71,032
18,675
$125,882
$115,268
railway———
oper. income...
3,592
$742,235
Liabilities—Accounts
«
From Jan. 1—
Gross
Operating
railway—
from
—„-
and silver
1943
1944
1945
from
Gross
1944
Ry.—Earnings—
disposition
equipment.
other
ployees'
of
Oklahoma City-Ada-Atoka
Report—
other
or
and
Balance Sheet, Dec.
*
"
income...
oper.
•Deficit.—V.
Rosario Mining
Honduras
&
$263,330
._
for
tion.
New York
99,091
$465,251
Assets—Cash, demand deposits in banks and working funds, $2,548,receivables, billed or ac¬
crued, $997,946; inventories of replacement parts and supplies, at aver¬
age cost, or reconditioned value (after reserve of $56,123 for obsoles¬
cence), $359,827; deposited in connection with acquisition of aircraft,
$75,000; property and equipment, at cost (after allowances for depre¬
ciation
of
$1,730,478), $1,593,174; work orders in progress, $31,932;
prepaid expenses, $75,265; other assets, $6,001; total, $5,905,371.
•
-
In
1944
1945
from
Net
Net
NOTE-—For
$362,421
105,584
income
July
Gross
$570,835
62,860
..._
226; U. S. Treasury notes (at cost), $218,000;
Northwestern Pacific RR.— -Earnings—
Net
sale
on
68,217,137
„
income
railway-
ry.
income..
from
aircraft
•No
railway- $11,534,165 $13,163,2S9^$11,501,361
2,236,887
4,290,525
4,214,131
from
from
totaled
$306,248
56,173
—
Total
1942
1943
From Jan. 1—
$1,182,940
137,614
—:
—_
Balance
with
$1,445,966
revenues
Total
Net
1942
$1,568,105
$433,221
106,321
$738,643
Other income
Pacific Ry.—Earnings—
railway
oper.
The
$695,182
expenses
*Prov.
1945
from
Net
—V.
$4,029,733
3,723,485
$801,503
Operating
88,130
161, p. 1885.
Northern
Wag¬
—
F. S. Yantis
capital stock.
on
150,000
Si
—
declared
Dividends
150,000
1943
$3,913,089
3,479,868
$389,237
Net
&
1942
1944
$6,216,711
5,521,529
revenue
44,421
deductions-
from
Wood
Pennsylvania-Central Airlines Corp.—Annual Report
of
Gross
Co.—Sells Bonds Pri¬
Line
$433,659
ry.
200,000
Pipe
Calendar Years—
Profit
—V.
$210,392
transaction—V. 161, p. 1876.
6,574
income
Other income
Net
2,250,000
Eastern
Operating income
Net
Co———
—
—
Operating
of
returns-
tax
Depreciation
Income
$213,711
profits taxes.
223,226
prof.
Gross
16,747
379,000
vately—William G. Maguire, chairman, announced May
1, that the company has sold $10,000,000 20-year first
mortgage and first lien 2%% series D bonds to five in¬
surance
companies.
The proceeds from the financing
are to be used to expand the daily delivery capacity of
the company's transmission facilities by 50,000,000 cubic
feet.
Kidder, Peabody & Co. and Merrill Lynch, Pierce,
Fenner & Beane acted as agents for the company in the
$4,105,248
2,783,051
329,745
503,939
20,350
normal
Fed,
Savings
1945—12 Mos.—1944
1945—Month—1944
deducts
Fed.
Gross
Dulles
goner
1945
Expenses
Net
89,190
1,495,940
revenues
rev.
150,000
Co.—Earnings—
—
102,885
1,994,235
—
North Texas Co.
150,000
(Including New York Dock Trade Facilities Corp.)
Revenues
64,150
1,958,687
363,680
141,656
Period End. February-
Oper.
207,097.
12,669
409,580
subsidiary-
of
notes
excess
1431.
p.
Panhandle
66,135
ry. oper. income
—V. 161, p. 1430.
100,000
——
E.
Wyatt,
2,250,000
Brothers
New York Dock
156,752
-1,936,964
railway.—
railway
from
Net
earnings
161,
and
and
16,047
211,342
—
bonds
on
Federal Income
1942
$554,336
221,239
income—
oper.
from
—
Weeks
Stubbs
Harold
Wurts,
—
—
Lehman
1943
$735,433
From Jan. 1—
———
Co,
&
Whiting,
&
Hirsch
1944
$701,225
155,136
railway—160,597
March—
Hattier & San———4
White,
ford
Co._
&
Net ry.
200,000
Si
——————
Arnold
&
Wertheim
1,000,000
300,000
Co
Bruce
Weil
250,000
Hill
1945
$701,608
railway
from
from
Net
500,000
400,000
Co.—
Si
Dabney
Washburn
Co
Si
Haupt
Ira
Inc
Si Son,
W.
Thomas
500,000
Hallgarten
Co.—
Si
Co.——
&
—„
Gregory
250,000
100,000
:
Stokes
Thomas
Interest
$813,236
Southern Ry.—Earnings—
Norfolk
Balance
Co.,
&
Swiss American Corp—-
Green, Ellis Si Anderson
——
Co
——-
Walter
2,250,000
500,000
Granbery, Marache &
Lord
&
Nicolaus
Depreciation
Net
March—
Gross
——
$797,190
$847,302
net
income
Total
1944
1945
$820,370
26,932
depreciation
before
operations
income,
Deductions
100,000
200,000
100,000
300,000
& Co
Simon
M.
I.
Stifel,
150,000
Co
2,250,000
———:
Starkweather
100,000
Graham, Parsons Si Co—
142,393
from
Other
1885.
161. P.
Operating
Chas. W. Scranton & Co.
2,250,000
First Cleve. Corp.—
The
287,124
127,802
Horner Si Mason,
Inc.
Clement A. Evans Si Co.,
Inc.
336,104
Gain
Co-
Si
Inc.
Pomeroy,
Scott,
800,000
& Merle-Smith
Dick
Schoellkopf, Hutton Si
500,000
Co
948,734
709,807
2,250,000
Salomon Bros. & Hutzler 2,250,000
150,000
Day Si Co._
L.
R.
300,000
Co.
Rothschild
F.
500,000
Co
—V,
1,488,278
779,043
268,317
income—
oper.
consol,
100,000
w.-
Trust Co.-
Davis &
H.
Co
300,000
——
Co.——
Si
750,000
300,000
Robinson-
Humphrey
L.
250,000
CO.-
&
Cruttenden
ry.
1,650,561
449,916
railway
Operating
Co
Si
Si
Riter
150,000
-
Cooley Si Co.Courts
W.
The
Co.,
&
Inc.
100,000
—
100,000
Pressprich Si Co— 1,500,000
Putnam
1,000,000
Inc.—__
Si Burr,
R.
100,000
Net
100,000
150,000
Inc.
tensen,
200,000
250,000
136,604
74,431
1 230,999
railway.;.
from
from
Net
Chris-
Writer Si
75,732
* $341,246
From Jan. 1—
Gross
150,000
500,000
Kendall, Inc.
Peters,
203,773
income—
oper.
Net
Copeland <fc
Patterson,
$551,958
275,073
126,414
railway.——
from
ry.
Gross
Inc.,
Co
&
O'Gara
Alfred
Net
Net
200,000
Inc.
200,000
Corp.-
City Securities Corp
Coffin
Norris Si Hirshberg,
100,000
National
B.
——
Newburger & Hano
E. M. Newton & Co
100,000
Caldwell Phillips Co
250,000
125,000
500,000
Ross Si Co.—
Securities Co.
Mullaney,
150,000
100,000
100,000
100,000
1,000,000
Loughridge Si Co
Monroe Si Co.--
Brooke, Stokes & Co
100,000
500,000
100,000
Lynch
Cabot
&
Moors
$588,447
296,324
82,029
—V.
Monell Si Co—
Moore, Leonard &
1943
Co.,
Milwaukee Co
Nashville
Braun,
100,000
Mericka Si
Inc.
Bosworth, Chanute,
Burr
Co.—
&
——
J.
Minsch,
Bernheimer Co—
150,000
Bear, Stearns & Co
2,250,000
Bioren & Co
150,000
Blair & Co., Inc
2,250,000
Baum,
John
Mather
Morris
McMaster Hutchinson Si
:—
Aub
150,000
150,000
Masten
E.
Baker, Watts & Co
Barrow, Leary & Co.-—
E.
Moran Si Co.—
& Co
Mason,
200,000
-
100,000
100,000
Inc
Mason-Hagan,
&
Atwill & Co
A.
Co
Co.,
Almstedt Brothers
Ames,
200,000
200,000
—-
—
&
Marx
Inc. 1,000,000
100,000
& Co.,
Allyn
C.
A.
Inc.
$7,725,000
150,000
Inc.
Allison-Williams Co
1944
$471,843
railway
from
Gross
3 Months Ended March 31—
1942
1945
Subs.)—Earnings—
Oxford Paper Co. (&
Western RR.—Earnings—
New York Susquehanna &
March—
Monday, May 7, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2004
future
.
.
Liabilities—Accounts
interest,
etc.,
receivables
fixed assets (net),
$225,193;
total,
operations,
payable,
$114,771;
accrued liabilities—wages,
$207,349; provision for Federal income tax and
160,
(Continued
on page
2038)
Volume
Number
161
THE COMMERCIAL & FINANCIAL CHRONICLE
4383
Stock and Bond Sales
DAILY
NOTICE—cti& and deferred delivery
New York Stock Exchange
«»
WEEKLY
-
furnish
we
the New York Stock Exchange
on
daily record of the transactions in Treasury and Home Owners' Loan coupon bonds on the New York Stock Exchange during the current
a
32d of a point.
Figures after decimal point represent one or more
week.
YEARLY
-
eelec are disregarded In the day*a range, nnlee* they are the only transaotlona of the day. No account la taken of each ealee In computing the range for the year.
United States Government Securities
Below
[High
] Low
Treasury
4YiS, 1947-52
Daily Kecord
May 4
May 3
May 2
May 1
Apr. 30
Apr. 28
Daily Kecord of U. 8. Bond Prioea
oi
(1. 6. Dund Prices
Treasnry
—
2%s
1965-70
2
Low
Total sales in $1,000 units
sales
100.31
101
101.2
100.31
101
101.2
100.31
101
1
1
1
(High
| High
\
By4s, 1951-53
sales In $1,000 units—
Total
sales
(High
IHigh
Low
j Low
Close
[Close
units
in
$1,000 units
(High
(High
2%s, 1954-56.
Low
—■{
[Close
Total sales in $1,000 units
(High
2%s
113.25
[Close
103.1
103.3
103.1
3
113.25
[Close
Total
15
Total sales in $1,000 units
$1,000 units
[High
{ Low
L
1947
2s.
Low
2%S, 1945-47—
sales in
,
High
[Close
Close
Total
units—'
sales in $1,000
units—
.1
High
2s, March
Low
2*43, 1948-51
(Hign
.-{
1948-50
;
Close
units.
units
'
<
f High
Low
,
4
1948-50
2s, Dec.
[Close
Low
2%s, 1951-54.
Total
Close
sales in $1,000
units
': " - -(High
■
*'"
■
units
If, June, 1949-51
(High
[Close
Low
[Close
<*
Total sales in $1,000 units
.■
Total sales in $1,000 units.
Sept.,
■s,
fHign
./
•
•
(High
•( Low
>
1949-1951
[Close
Low
2%s, 1958-63—
Total
[Close
sales
In $1,000 unitB.
fHigh
Total sales in $1,000 units
Is,
High
Dec.,
J Low
[Close
1949-1951.
Low
2%s, 1960-65—
Total
Close
sales in $1,000 units
.m
Total sales in
ALU CO
Higb
T«n
1945
I
I
III
-
March,
2s,
|
1950-1952:
mmm'
''mmm'm
mm
'
m*mm
mm
Total sales in $1,000
mmm»
units—
2s,
(High
-j Low
103
{ LOW
102.30
102.31
102.30
103
1
[Close
Total sales
[Close
in
$1,000 units
(High
(High
1 Lov
1951-55
Is,
[Close
\ Low
[Close
Total sales in $1,000 units
*
r
Total sales in $1,000
[Close
15
(High
\ Low
2s,
(High
Low
Total sales
[Close
(
102.9
Low
in $1,000
units
101.16
units
20
—
/High
Low
-■[
1948—
101.16
[Close
Total
sales
In
$1,000 units
—.
■(
-
101.11
101.7
101.6
101.7
101.11
101.6
101.7
'
3
9
1
101.4
101.4
101.4
[High
•{ Low
1%s, 1945-1947
mmm
[Close
x—-r
101.2
101.4
Loan
Owners
'"'mrnU,
'
———
101.4
101.2
*3%
9
$1,000 units
'
101.2
101.4
[High
Low
[Close
{
2%s, Dec., 1964-•1969
Home
101.7
101.11
("High
Low
(Close
Total sales in $1,000 units
Total sales in
6ales
•
1%S
101.16
[Close
Total sales in $1,000
103.3
j Low
[Close
2
(High
2%s, June, 1964-■1969
103.3
2
'
Total
102.9
Total sales In $1,000 units
(
103.3
102.27
$1,000 units
1953-55
2s
102.9
I<ow
[Close
1963-1968-
in
102.27
(High
$1,000 units
(High
|%s,
1952-54
Dec.,
102.27
[Close
units
2%a, 1962-67—
102.26
102.26
units
•
Total sales in
Low
[Close
4
1952-54
2s, June,
[High
j Low
1
102.26
[High
Total sales in $1,000 units
1956-58—
25
-
;
Total sales in $1,000 units
l%s, 1952-54—
102.30
sales in $1,000 units
28, 1951-1953
(High
1 Low
IVfcs, 1950-52—
103
103
[High
Total
Total sales in $1,000 units
Total sales in $1,000
103
{ Low
1950-1952.
Sept.,
[Close
[Close
IVfes, 1949-53—
mmmm
^
:
mmm
[High
'
1948
mm
in
Low
(Close
w
Cl0S6
m
"
""""
.
Total sales in $1,000 units
I Vis,
Low
<
\
2%s, 1956-59
low
(Close
-
Total sales in $1,000
High
IVfcs,
103.1
103.3
15
1956-59
103.3
{ Low
113.25
(High
^ Low
ay«s, 1955-60—
2%s,
Low
[Close
.
Total sales in $1,000 units
Total sales in $1,000
Low
[Close
Total
Total sales in $1,000 units
Total sales in $1,000
Low
sales in $1,000 units
[Close
Total sales in $1,000
2
[close
Total
■{ Low
«
Low
\
2Vis, 1967-72
Low
3s, 1951-55
•
.
101.2
—
Close
Total sales in $1,000
*8Va
—
.
(High
units*-———
3s, 1946-48—.
101.1
1
in $1,000 units
J
High
3%s, 1949-52
101.1
101.1
101.1
I Close
Total
1946-49
May 4
|
Vis, 1966-71
[close
Total sales In $1,000
Low
$1,000 units—
May 3
May 2
101.1
(High
(High
$%s, 1946-56
May 1
Apr. 30
lOl.f
[Close
1
Total sales in
J
Apr. 28
(High
[Close
Total sales In $1,000 units
3% 8,
2005
3
Total sales in $1,000
.
units
mmm-
♦Odd
-
lot
^Transaction
sales.
registered
of
——
bond.
NEW YORK STOCK RECORD
Monday
Tuesday
Apr. 28
S
Apr. 30
May 1
S per
per share
67%
67
67
♦111%
112%
♦111%
*663/4
68
112%
*111%
♦67
70
♦69
13 ya
27%
69
69
13%
13%
13 y2
38 %;
*111%
69
*67
69
12%
13
'
13
27%
15%
15%
15%
15'%
36%
37%
*363%
37'A
47%
♦26%
263A
47
47%
273%
27%
38'%
26%
i per share
♦111%
*68
12%
69
112%
69
13
$ per
70
♦111%
*69
12%
26'A
263/4
46'A
47%
26%
47
27%
273A
27%
15
15 y4
15%
37%
♦36%
*36%
6%
6%
214
♦212
.
63/4
212
3%
*103
107
7
7'/4
211%
212
3%
3%
107
107
7ya
107
26'A
46 3/4
6%
216
*212
212
33%
7%
3%
3%
♦106
26%
4 7'A
6%
*212
3ya
3%
3%
46%
46%
45
46
44
45 y2
43'%
443/4
44%
643/4
6434
64%
64%
633/4
6334
*62%
643A
*62%
323/4
32%
323%
33 y3
32'%
33'A
32'A
323/4
100%
100 V2
100'%
♦i8ya
18%
18
161%
161%
163
19%
32 %
20
For
*31%
footnotes
6ee
102
*101
•
173A
17%
17'A
163'A
18
163'%
164%
*161%
20
20
31%
page
Abraham & Straus
4%
70
26%
463A
-
26%
700
102%
17%
163
32
7
33/a
■
2015.
31%
20'A
32
20%
*31 »A
20%
32
Air
12,800
212
160
212
3%
3%
453A
45
63%
323A
33
21,600
,<
,
.
400
9,300
102%
210
17%
17'/a
17%
17%
1623A
162%
1623A
i,800
20%
20%
Xl7%
18 Va
,•
1,200
*161%
♦101
102%,
102%
313A
32
31%
31%
"<
114
10
Reduction
*
Corp
—No
Alabama &
Allen
/
Allied
10
100
,_1
a.
Industries Inc
Chemical
&
1
2,200
Allied Kid Co
3,700
Allied Mills Co Inc
Dye
I
No
t__
No par
263A Apr 30'
Jan
2
49
107
8
212
•
.
91
Jan 11
13y2Jan 2
153 y4 Mar 26
-
16% Jan
31
2'
Mar 31
Apr 24
2
Feb 28;
Apr 30
,4y4 Mar
-
2
5
1;
f
102% May 4
18'A Apr 23
165'AMar
203A May
34% Mar
6
3
1
pec
pec
33
1
24% {Oct
'
75
5'/2
124
i
2
43
,
Jan
f
181
Mar
23 '/2
37
Jan
24'A
Apr
9y4
.141
Apr
,13% Mar
29
36
?
Aug
62
Dec
29% July
Jan
Jan
Nov
3y4 Pec
Pec
Jan
,70
pec
7% July
Apr
Jan
July
100
37'A May
,
May
49
Mar
68y4 Mar34% Mar
pec
14
8ya Aug
Pec
10 y2
Jan
Jun
64
Jan
19%
6
.34% Jan 22
56
Jan 23
28 Va Jan 24
par-
8
26 V2
jjun
114
Jan
98% Jan 22
*6% Jan
2
173'/2Jan 22
• 2% Jan 24
100 <
Allegheny Corp
x
j.
_1 »
5%% pf A with $30 war
__100
$2.50 prior conv preferred-No par "
Alghny Lud Stl Corp
No par
^Alleg & West Ry 8% gtd
103/a
,22% Apr
par
100
Vicksburg Ry
Alaska Juneau CJold:Mln._
64'%
Feb
47
"39% Jan
1—10-
.
Inc..x
Par
Highest
$ per share
108% Nov
1
38'/2Apr 18
13/8 Mar 26
'32% Jan 24
.1
—No
Corp
52%
4
Feb 14
15% May
Jan
93/4 Jan
2.50
May
Apr 30
13% Apr 30
28'A Apr 28
69
15
2
-25% Apr 23
60
/Albany & Susquehanna RR.
12,300
63%
32%
'•
46
64
.
v
1
70
9
x
fAddress-Mutigr
20
7
22
Co..
Co
Adams-Millis
500
7,700
47
Motors
Steel
60'A Jan
111'A Apr
No par
1944
Lowest
$ per share
$ per shfire
t per share
100
—
"Adams Express
7.800
•
110
7%
214
.Acme
2,000
27%
15%
37%
preferred
ACF-Brill
17,800
12%
Par/
Ho par
Abbott Laboratories—
~20
*106
*
20 y4
31.3/4
*100'%
100'%
-
110
'
_
Year
1
Highest
Lowest
900
70
112%
•
♦103
,
Range for Previous
*
'
Range Since January I
STOCK
■
Shares
share
YORK
EXCHANGE
the Week
,,
-
15 y2
■■
May 4
May 3
NEW
Sales for
Friday
Thursday
69
112%
15'A
48
107
68
68
68
112%
♦37%
26'%
47
♦103
I per share
share
27'%
15%
38 %
12'%
Wednesday
May 2
27 3/4
27%
28 %
15%
26 y2
S per
share
STOCKS
HIGH SALE PRICES
LOW AND
Saturday
.
f
v
*
91
Pec.
15% (Oct
157
(Dec
16% flpfib
35% Mar
LOW
$
t per
per share
47
47%
47%
123%
263%
26%
27%
27%
28%
10134
*101%
101%
48%
300
9,400
124
1,000
4%
4%
4%
4%
45%
45%
46
119%
119
119%
119%
31%
31%
31%
32
31
31%
53
51%
52%
5.'.%
52%
52
27%
273/i
27%
27%
27%
*72'%
73%
*72%
73%
,*72%
19%
19%
19%
47
47
46%
45%
'
130 %
130%
132
*130%
73
72%
72%
19
19 Va
46 Va
45
45 Va
*131
131%
131
46%
103 %
103%
*103%
30%
30%
97
195%
194
44%
to
117 %
117%
117%
127
1273/4
127
127 %
128
18%
18%
19%
20%
19%
193/4
19%
19%
19%
19%
*1053/4
105%
105%
1053%
1053%
100
33%
32%
323/4
4%
4%
4'/a
106%
1053/4
106
34%
34%
33%
34
4%
4%
4%
*105%
*14%
14%
14%
4%
33%
33%
6
*79%
98%
983/4
80
10%
7%
24%
81
10%
10 3/4
*10%
10%
8%
*8%
83/4
*8%
8%
83%
8 3%
600
493/2
49 %
*49%
493%
35%
34%
35%
33%
/
5%
5
24%
12%
12%
:
73%
743/8
47%
67%
68
14%
143/s
14
14%
181%
*180
181%
5%
77
69'%
69 3%
14%
14%
14%
41,200
181
181
181%
*180
43%
43%
43'% i
43%
160
33
/
.153
15%
15
49%
493/4
49
,
.
.74.
153
153
743/4
76%
120%
*119
120%
.13.
*•105 %
109%
12%
12%
*106%
6%
.
10%
10%
6%
"
70% V- 70%
75
*72
.
*33%
34
33%
44
.
72
33 %
45
.
34
*13%
112%
112%
14
112%
*J.11%
42%
13%
13%
56%
w'
43/4
4%
;
56%
56%
56'/a
56%
8
8%
7%
8%
7%
*110
110%
110%
110%
*117
119
48'%
12%
118
120
117
*115%
117
*45%
53
*45%
*107%
108
*107%
*115%
*45'/b
53
108
963/4
111%
110%
71%
68%
70'/a
13
40%
80
58
118%
56'%
23'%
7%
112'%
*116'%
112'%
13'%
<
22%
:
:
121
29%
145'% Jan
3
156
Apr
Mar
56%
17
57'/a
57 '/a
*57
68%
69'%
69
*115'%
■
■
118
*20%
13%
*91
69'%
69%
*118
118
13% Mar 27
16% Mar
1
8%
Jan
14
43% Mar 27
51
4
39%
Apr
121'% Mar 15
116%
Apr
100
Elec
No
par
No
117% Jan
par
——100
preferred—
2
13%
I
20%
20%
21'%
.20%
Jan
100
Nov
6'%
Jan
9
% Dec
Jan
11
67%
Jan
107
Dec
21
116
5%
6%
5%
29%
29'/a
29%
28 3%
29%
Feb
65
Dec
Jan
29'%
Dec
Dec
60% Jan 23
72% May
4
6
24%
39
110% Apr 13
112'%
112'%
68%
69%
*3*72
„
2d
Mar
100
1,300
No
Co——
9%
1,100
Coast
Atlantic
G
&
Jan
Jan
.; 45
—100
*—100
——100
—
Line
RR
106
—
111
Jan
14
Jan
107%
119
Jan
*77
79'%
5%
79'%
*57
58
68'%
69'%
*118
119'%
"■ 13%
940
:
30
119'%
21%
21%
13%
100
58
69
Apr
46%
*14% Feb 21
9'%
Feb
12 % July
8'%
Jan
13'% Apr
30
23% Apr
30
12'%
Jan
Apr
10
90
Jan
Feb
14
45% Jan
19
122
117
108% Mar 23
31
Jan
101
98% Apr
30
22
33'% Feb
1
V
21%
200
14
14%
5.000
*92
93
■'/ 10
100
5
—50
Corp
preferred——
Powder
5%
112'% May
•
75
Mar
40% May
24
85
3
16
1
22%
14,200
6 Va
6'%
47,3,00
Aviation
29'%
28%
29%
18,900
17%
18'%
65,200
Baltimore
76
Jan
Feb
14% Jan
22
17% Mar
7
11%
Jan
17%
19
58
53'%
Jan
57 Va
55% Feb
18% Jan
i
2
17
52'%
112
Apr
May
14'% May
Dec
Nov
32% May
114
»62
Oct
Dec
Oct
Jun
120% Aug
20
Dec
Feb
2
21
7
Jan
13% May
Mar 24
66
Apr
84'% May
15% Nov
24
95
2
5% Jan 24
16
Dec
14 % Apr
6
14% Jan
23
Mar
118
22
Jan
Jan
69% Apr
2
9
38% Nov
106'%
Jun
25
(The)
Del
55
Feb
24%
Jan
Baldwin Loco Works v t c
ia'%
Corp of
Jan
59'%
Jan
!
Co.
Autocar
Jan
25%
25
107%
10'% Jan
22'%
82
3
77
6%
/ 83% Dec
7
par
5c
22%
108% Nov
Jan
15
80
5
100
21%
Sep
Jan
53'%
Feb
———No
prior A-
Dec
103'%
36% Feb
par
91'%
45%
113'% Jan
No
,:
Dec
113% Nov
2
60
No par
Nichols
Austin
Jun
19%
20
30% Jan
113
preferred—
conv
Atlas Tack Corp
Jan
May
13%
113
Apr
74% Jan
110
No par
.
85%
'33
Jun
'
48% Jan
—100
pref series
Jan
Jan
35'%
12
100
—25
Refining
conv
6 %
Atlas
preferred
non-cum
Atlantic
Dec
85
9
76% Jan
Jun
6% July
2
4
Mar
1
—_
I SS Lines
W
Apr
21
3
No par
—
4%
74'%
Feb
20
Jan
Dec
4% Aug
49% Apr
2
18
14'%
57
30
126
10
Jan
24
115'% Feb
Mar 27
43'% Mar 26
11% Jan
2
113
Jan
42
8% Jan
111
1
par
.—
—
Atl
/-
Jan
2'%
V
56% Apr
2'
--100
—.100
No
Dry Goods—
preferred
preferred
preferred
& Santa Fe
preferred
—
»."■ 5%
par
—5
Cprp_
Mar 26
6% Jan
102'% Mar 27
No par
—
Atch Topeka
8,900
40'/4
preferred
Cork
50
par
—5
Corp——
1st
5%
No
of Illinois!
& Co
Constable
6 %
10
11,900
—_5
Daniels Mldl'd—
preferred
"7%
Inc.—
Assoc Investment Co
108
95%
i>W'/2
110
r
Mining—
Copper
17%
,
Jan
44
28% Julv
28 34
5%
6'/a July
4
.
Jan
No
x5%
217/«
6%
Aug
Jan
84'%
;
Jan
Cable—
91'%-
93
16'%
6'%
7
12% Jan
5% Mar 27
25
Dec
Jun
11
17
107'% Mar
100 Va Mar 26
1
15%
49
120% July
7'% Feb
11
Jan
9
May
13% Apr
8'% Jan 23
-
152% July
;
22
99% Jan
No par
July
25
Artloom
5
53
95'%
21%
22
Jan
139
-10
—
Dec
July
75
*
20
Associated
390
116'%
68%
*57
58
Jan
75
Jan
57%
28
30
6
3,900
/
16%
6
77
23
Atlas
20 %
74% Apr
2
35'% Apr
4,100
13%
22%
121
15,100
6%
2
47
Arnold
17'/a
20%
Jan
65'% Jan
Dec
Jun
166%
Jan
6
Armstrong
16%
93
65
.—25
156
6
1,500
16%
*91%
3
2
5,200
16%
93
6
165% May
Copper Mining—50
14 Va
95'%
?2
—-
16%
*91%
93
34'% Mar
31
—
$6 conv prior
-
17
14
2
Jan
31'%
24% Jan
7%
■
16%
683/4
Dec
132
38'% Jan
4%
58
Dec
56
Jan
29»% Jan
Armour
500
•
119
112'%
*77
79%
25%
Feb
26% May
"
*76
Jan
29
par
-Archer
470
21%
29% Jan
par
Wire &
48%
*107%
3V
22,400
9,100
118
16%
111
7
Mar
——25
—
Dec
19% July
3
142
157
No
.
Wks &
28%
Jan
24
56% Jan"
3
12
Dec
Jun
15
7
25
46% Mar 26
152%
V 22'%
30
Mar
28% Apr
16
Dec
Dec
Nov
146
25
33% Apr
2
17% Jan
Hock Glass
13 Va
109
67%
'
34'%
13%
27% Jan
Apr
45%
34% Mar
X48'%
115'%
112
'700
56'%
73%
57
110'%
*20 %
160
165%
6
33%
*1.1.6%
9
43'% July
Jan
39% May
147
6
14
110'/2
22
Feb
6
25
30
33%
14%
Jan
Apr
45% Mar
5% Feb
UO'%
118%
36%
172
2
33%
14
9
-—100
W Paper Co
P
110'%
*20%
Dec
A
33%
*116%
37'%
200
4%
111'A
14%
Jan
*4'%
33%
22
15
30
110'%
683/4
Dec
Feb
15'% Mar
112
*57%
Sep
19'%
44'% Apr
$4
90
33%
69%
18%
Feb
112'% Apr
112'%
111'/a
17
Jan
13%
26'%
Corp
12.50
preferred—— —No par
33%
16%
13%
15
100
Tobacco—
$5 prior conv
111%
337/a
Dec
17
4
13
x94>%
40
'July
77%
2
*107%
40
17%
Jan
48% Mar
3
22% Jan
Jan
40
5
2
120% Jan
12'%
62%
25% Apr
,
41'% Apr
1
Aug
6
23% Feb
4
15
34% Apr
par
180
23
19% Mar
18% Jan
153
3% Aug
91'% Feb
May
108
69'%
2
Mar
12% May
4'% Jan
*45 Va
111%'
Jun
41"
120'%
115
Dec
2
—20
48'%
23
Oct
43
16
21%
119
120%
130
32
Andes
14
.?
26
Feb
115'%
1
May
Anderson, Clayton & Co-
53
68
£
Jan
Jan
-
184
17% Jan
100
Woolen
Preferred
700
72%
Dec
Feb
Jan
20
Mar
138'% Mar 22
2
Amer Zinc Lead & Smelt
33%
17
29'%
*77
80
*77
8,500
31
24
900
*45'/a
111%
.<
12% July
5,500
110'%
*48%
96%
Jan
2
100
preferred
1st
*111%
34
111%
6%
40'%
40 Va
39%
••
8%
13
53
95%
111'%
6934
97
6%
Dec
14% Jan
42
7%
110'%
115%
Dec
Dec
* Jun
24'%
12%
•107'Vz
107'%
111%
40
20%
>
7%
119%
111'%
Feb
42
*112
•
*45 Va
53
"'95'%
71%
80
115%
116'%
97%
98%
112
*91%
107'%
118'%
22%
Jan
14%
4'%
*56
127%
22%
119
28%
80'%
May
13%
13%
^
Feb
•
48%
„
50
14%
42
*116
*13'%
*118%
14-
723%
112%
4%
77/a
J.3'%
119%
*21%
6%
75
41%
Jan
25% Feb
40'% Jan
Refining
class B
Water
$6
American
1,000
109
*108
6%
*13
56'%
487%
23'%
*116%
%
13%
13%
69%
2,100
Am
100
10%
10%
108 %
•112
•'
4%
48%
23
42,200
*106%- 109%
34%
13%
;J3
13%
•13%
.
10%
Anchor
483/8
23%
*57%
13%
107
9'% Aug
46
Jan
115
164'% Jan
No
Co
preferred
8%
:
Anaconda
110%
.13%
120%
*120
200
7%
Jan
36 Vs Apr
15% Jan
-No par
No par
preferred
780
119
13%
16%
V;
120%
9% July
Apr
6'%
'50
25
Amer Type Foundries Inc
'American Viscose Corp
26,300
*109'%
23%
33%
00
5,100
34
*115
13%
111%
8,700
51
6%
460
15'%
50 V4
33%
110%
23V4
*77
1533%
14%
Common
43 y2
56
8
79% Dec
7'%
Oct
Mar 26
176
100
TobacCo—
American
34
*4%
Jan
2
No par
Telep & Teleg Co
42'%
-.*48
■,'*13%
133/4
393/8
1523%
15
Amer
33%
13%
61
8% Feb
130% Jan 26
par
___.
Sumatra
Am
43'%
42'%
■89,% Feb
2
11% Mar
75
preferred
Stove
Preferred
33%
112'%
7% Aug
3
24% Jan
I
Foundries--
Steel
33%
41
56'%.-
13%
97%
153%
No
American Stores
3,600
34'%
;
"
—100
non-cum
*42%
34
Jan
Jan
11% Mar 27
18.50
Preferred
42%
119
110%
*117
119
*117
48%
70%
1,700
74%
6»%
4
3
_25
American Snuff—/]
33%
*13
;
4'%
23
*111
73%
74%
*72%
*112
43 V*
13'%
4%
*115'%
73%
75%
108%
6%
76%
10 V8 Feb
100
Mill
8afety Razor
Seating Co
Anaconda
*33
•
112'%
44%
*4%
*118%
74-%
107
Mat
13
80'% May
-
21
—
42%
//,:■•
34
*33
34
*33
34
*13%
74%
'
13
*4%
48%
600
17,700
Nov
46
65
51
5
Jan 15
Jan
Dec
39% Mar
1
-48'% Apr
100
preferred
conv
33%
44%
43%
*111%
103%
72
72
72.
43'%
34%
44%
33%
*44
31%
103%
108
108
6%
i
Aug
2
Mar
<7% Jan
No par
No
American Rolling
American
165%
12%
12%
109%
6'%
3'%
27
Dec
American Sugar
31%
*120
.120%
Dec
Jan
63% Feb
Apr
Jan
800
165 Va
(W"/4
/ 50
50.
*120
1093/4
109
6%
6%
6%
10%
110
110
109
50 3/4
120%
109%
*106
10%
10%
10%
*
..12%
#-12%
13%
106
4974
*120
40'%
163
1,600
'
49% '
Apr
16
1,500
32%
143/4
33
Dec
47%
165 3/8
*153
15
14%
15
12% Aug
28'/a
75%
/•:
Mar
60%
132'/2
Va
1653%
153%
153
15%
134%'
*313/4
*.
165%
.74 V4
76.
76%
153%
14%
15 3/8
32%
165%
..76%
.77.
'76%
76%
132
*31%
,.
;,74%
74%
1523/4
'32
;
132
„
165%' 165%
1653/s
14%
3 32
31%
3?%
74 %
«
76%
6%
132
94%
66'%
47'%
28
47%
47%
3
v
par
No
Co—
132%
28 %
27%
25%
Feb
Amer
2,100
*133%
Jan
Jan
Jan
6%
17,400
Jun
15%
59
13
Feb
■•■:10
21%
.165 %
165%
'
102
Jan
68
Dec
Mar
5% Mar
9
162
*
*159
•"
'32%
132
323/8
32%
44
32%
273/4
Jan
30
—
29
Oct
1
44
24
9
11%
Jan
1%
4
25'% Apr
Mar
70
Apr
98% May
20% Jan
Jan
Smelting & Refg
21%
47%
104% May
Jan
96
91
108
Amer
600
32%
27%
23
17
par
530
44
.21 %
473/8
5
4'% Apr
22
11,800
44
32%
48
34% Mar
Jan
47%
169
21%
27%
Jan
26
169'/a
46%
48%
169%
32%
,v
Aug
2 Va Jan
Ship Building Co——No par
21
48
Dec
4%
8
6% Jan
Amer
32%
'%
36'%
2'% Mar
par
1,200
21
273/4
152%
108%
162//
f"21% Sep
14
68% Jan
1,050
162
Dec
27
20
47
35%
I:'
107'%
4% Feb
5-
2 3'/a
*159"
Dec
Feb
101%
15'% Feb
27
Aug
20%
10% Jan
38% Jan
34%
33
48%
2
23%
21%
273/4
132
132
23,000
32%
21%
3% Jan
35 %
44
47%
21
36'% Feb
23
*168
44
*159
24
American
*47'%
48 V4
*43%,
%
30'% Jan
22
169
21%
48%
743/4
44
163
15
34%
35%
47%
*27%
28
*48%
10%
110
7.
33%
3 2 34
21
*27%
*43 Va
*159
163
*159
160
33
34%
168 Va
109'% Jan
No par
Co Ltd—
News
American
48%
5
Nov
15
Jan
40
1,100
36
106'% Feb
131 Va
Feb
Mar
14
44%
23%
170
Apr
Mar 29
14
23%
47%
10'%
19
21
20
23%
35%
108'%
3
22
20
23%
169
4
16
May
13% Jan
18'/a Jan
Dec
Feb
24
48 3/4
llf.% July
14% Feb
4%%
35%
Nov
72
3,190
170%
107
2
193/a
\
27% July
27
22
87
48 /
Jan
22
19%
/
23
11% Jan
86%
170%,
129
1
54% Jan
19%
48%
9
99%
31'% Mar
60% Jan
86 3/4
35
35%
112'% Mar
42% July
Jan
par
18%
170%
par
Rad <fc
85%
170 %
119% Apr
Apr
68%
No par
Stand San'y—No par
Preferred
100
$5
86
22
3
No
preferred—
preferred—
$6
Am
18%
*21%
Jan
33'%
1
5% Apr
78'% Feb
18%
223/a
110
170%
18
2
85%
22
2
25
Mar
2% Jan
86%
22%
183'% Nov
Apr
46% Apr
195
107
No par
19%
22 I
Jan
Jan
Power 8t Light—,
1834
21%
95'% July
48
85%*
*23
13
/,
181%
*180
131%
*180
%
Mar
2
19%..
24
*104%
:/■
143/4
82
41'% Jan
Amer
9,400
14%
14%
17
10
Oct
par
American
8,400
76%
70%
24
*119
19,700
5'%
77%
24%
.
48
753%
14 Vs
99 % Apr
27
-.50
Co
preferred—
6%
90
420
5
5%
2,000
137
68%
24 3/8
74 %
>
*47%
48
5
5%
,
*136
75
853/»
165%
Metals
X47'%
July
'
283%
28%
29
137
68 3/8
24
32%
Amer
♦
14
par
700
No par
—t
Metai3_—
73%
86%
'
Fdv
&
67%
23%
132
&
Mach
753/8
85%
20%
Mach
Amer
69%
14%
86%
48
Amer
2,500
18%
19
35%
8,700
12'%
'
683/4
*21%
24%
.
May
—100
12%
48
.
8
5
No
24%
283%
12
8
—
12%
137
Sep
13% Jan
20
_No
Locomotive..
preferred
243%
;;
133
Jan
——1
50
preferred-
12%
29
Apr
Jan
Leather
24%
137
126'%
39
preferred—
conv
7%
8
96
10
Ice—
American
Jan
135
20
10
100
20
1
American Invest Co of 111
800
67%
75
66%
18%
13,800
.74 Vs
73%
*180
34%
114®%
34'%
*113
:/
47'% Feb
46
183% Jan
SS Co
12 %
28%
5%
5 Ve
5%
115
19%
Jan
_10
Internat Corp—
5%
Jan
par
preferred—,
6% non-cum
Amer
7%
*37%
100
24%
12%
48
10%
34%
33%
*113
115
*136
337
47%
47%
5
12%
*136
,
34
24
•
29
29
29
1363/4
47%
/■
24%
47%
'113
1133/4
24%
28 34
47%
113%
113
American
Jun.
7
Power
Hide &
conv
Dec
Jan
89'% Feb
American Home Product*——>-*.-2
,140
*49%
136%
2,100
6%
72%
11% Mar 26
European Sees.
Export Lines Inc
American
■
400
10 Va
81
10%
49%
29%
4,900
82%
*81
82
82
400
8'%
8%
83%
7%
8%
7%
8
200
80'%
80'%
/
82%
*49%
137%
47%
80%
.49%
12%
12%
12%
28%
*136
48
*79%
Jan
17
Mar 21
Thing
American Hawaiian
5,800
6
47%
*47
*46
80%
'
23%
,
5%
6
5%
5%
48
1,100
2,000
*8%
8%
112%
112%
24
42%
343/4
'■■■
35
*111%
42
Z
983/4
42
49%
49%
34%
98%
80%
.
'
*49%
9,800
10%
*80
103/4
8%
2,300
42
'
8%
8%
-•
80
;
7,600
1043%
23
4
60
75
Feb
American
Amer & Foreign
23 Va July
/
21% Mar
130
No par
—1
No par
87
preferred
*
No par
87 2d preferred A——No par
$6 preferred---———--No par
1,100
98
48
80
Encaustic
2,000
42
5%
v
48
80
.
8
734
8
10%
6
5%
•45
48
80
.
American
98
42
Amer
Apr
24
x41
1st
Dec
Dec
16
30
25
No
Jan
May
40
16% Jan
100
„
31'%
45%
26
69'% Jan
100
_1
Co...
110% July
■
4
28'% Feb
par
—No
42% Nov
Jan
19
58'% May
2
Crystal Sugar
preferred
Distilling Co stamped
6%
4
33%
104'%
23%
32'% Apr
24
American
Amer
*97% -99
42%
42%
6%
6
80
83
3%
104%
23%
'
*46
8
3%
1033/4
23%
24
No
Inc
Colortype
23%
3%
104'%
3%
25
Jan
i
Chicle
1,100
14%
23
•
Mar
preferred
American
4,400
33 Va
104
3%
24
82
preferred
American
4'/a
*14'%
14%
33
104
42%
*80
10%
14%
32%
3%
42
47
14%
33
23 %
9834
81
5%
14%
33
28'%
20
42'% Jan
No
Fdy
Cable
&
conv
34'%
33
*4%
•
32%
14%
103%
*973/4
;
4'%
33%
4
24%
42%
47
*
104
3%
33%
,
4%
14%
3-3%
<233/4
33
&
970
18%
21
Feb
50
1
Co_
2,000
129
18 %
18'%
18%
32 %
1434
33%
42
106
33
4%
104
5%
2,800
*1053/4
*105%
98
130
117%
20%
97
118'%
Feb
100
Car
Dec
49
126
—_
,
non-cuin
Chain
Am
3,200
183/4
20%
3%
7%
Dec
4'%
2
20% Jan
July
Jan
2
2
28
118
24'%
43% Jan
5
July
40% July
Apr
107'% Jan
_10
—!
:
Dec
103
Apr
17%
par
Radio Corp
&
105
6
(new)
Can
American
1,300
30'%
30'%
303%
118
20%
1
124
4
3% Jan
Preferred
6,400
127%
20%
5% Mar
No
Corp.
Shoe
American
340
45%
18'/a
18%
24%
30%
1
preferred
Cable
Amer
2,000
106
106
105 Ve
5'%%
41,500
194%
453%
4D%
30%
-30%
12'%
97%
194
194
104
104
<
;
118
18%
103%
11%
9 7'/a
12
30%
1
27% May
48% May
1
50
Corp
Note
Bosch
Brake
Am
100
973/4
104
May
19
preferred
American
2,700
127%
127%
18%
3%
45'/a
131%
128
127%
18%
23%
45%
131 Va
11%
104%
6%
50
6,300
45%
97
44%
>;
■
20%
131%
44%
131
/
74
•
*117
127%
102%
19'%
119%
*118
119%
*118
73
193%
97%
46
30
.„
*194
1.94
104%
30%
30%
26%
Bans.
11%
97%
97%
104
Airlines
American
11-%
12%
44%
46%
453/4
-
194
195
195
195
46%
American
4,300
18%
V.%
97%
97%
97%
07%
10,500
73
*72 Va
19%
'
*194
1,500
58%
26%
26%
2
Jan
Agricultural Chemical_No par
30%
26%
55%
27%
Amer
30 Va
"56%
31'%
26%
113'% Jan
preferred
Petroleum
Amerada
1,800
120
1193%
6% conv
400
46%
"V
*44
46%
Apr
100
23
22 3%
Jan
2
par
$ per share
Jan
33'%
20
38'% Jan
Amalgam Leather Co Inc
53%
273/4
131
12%
"12
12%
11%
1,700
*30%
19%
•
4%
53
*
45%
20 %
.
4%
120
14%
96'%
28 V* May
24
:
—
4%
118%
4
102% Mar 26
20 Va Jan
100% Feb
par
No
Mfg
preferred
conv
Alpha Portland Cem
31
31
53
4%
1,400
Highest
share
per
100
No
27%
*44%
1183/4
118%
117
117
45
45
46
124
share
par
No
Corp
preferred
273/a
4%
4% ■7 4%
4%
*43/8
*45
46
48%
48%
5%
Alll8-Chalmers
27%
27
27%
27%
123
123
123
•
27%
27%
47%
47%
47%
122 %
124
J
27%
Allied Stores
12,200
101%
S per
$ per share
1944
Lowest
Highest
Lowest
Shares
share
27
102
48%
47%
123%
123%
26%
123
27
t per
share
Year
Range Since January 1
EXCHANGE
Par
102
26%
27%
102
102
$ per
the Week
STOCK
YORK
NEW
Sales for
May 4
May A
share
$ per
share
26%
27%
102
48%
*101%
102
*121
share
27
27%
27
*101'%
May 2
$ per
Friday
Thursday
Wednesday
May J
Apr. 30
Apr. 2#
Range for Previous
STOCKS
HIGH SALE PRICES
AND
Tuesday
Monday
Safarday
Monday, May 7, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2006
•
22% May
4
14'%
Dec
6% Feb
8
3%
Jan
6
Dec
B
18'
18'%
32'%
29'%
17%
17%
18
75»%
75 Va
18'%
17%
18%
17%
31'%
33 Va
•
32%
30%
32
30'%
4
31%
16'%
31'/a
31%
31%
32
i.6'%
16%
17
17%
75
74%
75
75
75
42%
44'%
43%
44%
30
30
31
16%
17'%
75'%
75
75
40'%
41'%
407/a
42
29'%
30
30
29%
54
53
53
*52%
23%
24%
23'%
23'%
20
20%
19'%
20
39%
39'%
39%
41'%
28%
28%
29
29
28%
53'%
53'%
54
*53'%
24'%
24%
23 Va
24%
20'%
20'%
20 Va
20'%
37'%
37'%
41
<
37'%
41
4V
18'%
18
17%
*75
*52'%
*36'%
16'%
.
41
37'%
*40'%
108'%
23'%
19
37%
37 3%
*37%
*39'%
40%
40%
*108'%
*108%
109
108'%
*108'%
10%
10%
10'%
10%
9%
*38'%
39 3%
*38'%
39
39
39
114'%
114'%
*112'%
116
*112
115
39%
116
•For
footnotes
see
page
2015.
108'%
%
*108'%
*38'%
*114'%
*108'%
37'%
41
*74
10'%
9%
9%
9%
*38'%
f
*112
53'%
*52%
16,600
2,400
180
18.300
1,200
53'%
130
23%
24'%
11.900
19'%
19 Va
19%
9,900
38
38
38
1,000
41%»
41'%
41V2
*108'%
108'%
24'%
108'%
10
10
11
39%
39%
39%
115
*112
115
800
■
preferred
& Aroostook
Conv 5%
preferred
Barber Asphalt Corp
Bath
Oil
preferred
Beech
Aircraft
30
Beech
Creek
200
5%
Jan
13%
Dec
Jan
23%
Dec
Jan
14%
Dec
Dec
19% Jan
31
33% Apr
28
9%
12% Jan
24
18
28
9'%
66
Mar 27
30% Jan
Apr
75% Apr
2
44% May
28-;
4
60
Jan
68%
21%
Apr
23%
12
Jan
18
Dec
July
3
31
May
4
9
54
Apr
30
5
16% Jan
2
25
Feb
28
I
18'% Jan
22
22% Mar
7
143% Aug
19%
Dec
par
32'% Jan
19
38
4
25'%
Feb
34%
Nov
41% Feb
19
31
Jan
38
Dec
Jan
11
Jun
111
—_No
23
Creamery
10,500
28
17% Jan
Corp
Inc:
Bayuk Cigars
Beatrice
19
18% Apr
50% Jan
Co
Works
Dec
30'% Feb
22
50
preferred.
Iron
26%
22
11% Jan
No par
Barker Brothers.
Barnsdall
Apr
25% Jan
100
50
100
10
4%
5 Va %
18
13
100
Ohio
Bangor
$4.25
L.
&
*
Corp
RR
Beech-Nut Packing Co
36
Jan
23
No par
1
108
Jan
4
50
36
_2Q
U4
9% Apr 25
Mar
Jan
*
'
110
May
14% Jan
2
17
40
Apr
18
20
118
Jan
3
14%
105'%
73%
31
111%
■'
Sep
18% Mar
Oct
Jun
14%
Dec
Jan
38
Dec
Jun
121
Nov
"
Volume
Number
161
THE COMMERCIAL & FINANCIAL CHRONICLE
4383
NEW YORK STOCK
>
Saturday
Monday
Apr. 28
;
i
Apr. 30
$ per share
13%
>
.
4
14%
*
'15
4
Xl3%
13%
*
May 1
-1
13%
13%
,
STOCKS
Thursday
~
■'
Sales for
May 4
the Week
4 per share
4 per share
.>
13%
13%
Friday
-
May 3
„
4 per share
share
per
May t\
■
1334
133/4
13%
.14%,
15
13%
12%
13 Va
123/a
13
13 V»
14 Va
52%
52 Vs
53
51%
53
51Vt
52 V4
51%
513/4
24%
24%
24%
24%
24%
243/4
24 Va
24.3/4
24%
24%
24%
*55%
56 %
*55%
56
56
56
49%
•
-
49%
56
*55 Va
*55 V4
f
Bell
Aircralt
Jan
Dec
par
197/b Jan
24% May
4
17
Jan-
20%
Dec
pfd $2.50 dlv series '38par
54% Feb
8
56
4
&
38% Feb
-8
19%
18%
193/a
19
19%
18,500
Best
80%
81%
x80
80 3A
33,700
Bethlenfem
143%
143»/4
145
81*%
79%
79%
80%
142 Va
142%
81%
140
140 Va
60%
61
61%
61%
61%
26%
26%
26%
26%
26%
26%
26%
26%
15%
15%
15 Va
15%
153/a
-15%
15 Va
153/a
22%
223/4
141
141
"
223%
142
22%
22%
*21 %
110%
*110 Va
18%
19%
18%
18%
18
18%
18
58%
58
58
58
58%
*57
22 Va
*21 Va
113
*110V8
22%
*21%
*
113
261%
26
26
15%
153/a
22%
*21%
22V4
♦llOVa
,
22 Va
223/4
18%
18%
58
57%
571/4
'
*56Va
22
19% May
No par
(Del)„_
2
81% May
Laughlin Inc
Bloomlngdale Brothers
Blumenthal & Co preferred
96 %
Bohn
230
96%
86%
9 5 J/4
051/4
*95
95%
53%
53%
53%
54
54
54
54
54%
54%
*541/2
55V2
48
49
49
49Va
50%
51%
54
53
541/4
533/a
54
*119
127
*119
123
125
130
128V4
130
96
-
96
*120
125
951/4
953/4
Bon
Aluminum
125
130
37
37%
37
37%
37%
37%
37
37 V2
3 7'A
41
41
41%
413/4
41%
42 Va
413/4
42 %
42
42%
42%
-43%
6%
6%
634
6%
6%
49%
493/4
49%
49%
49%
49%
*48%
19%
19
19
19%
19%
19%
193/8
19%
'51
53
*51
67/8
53
7
%
*51
v
*50%
53
•
&
20%
6%
2,900
50/;
20%
•24,900
20%
*51
5
Co
53
Maine
&
Bower
Roller
Braniff
Brewing
12%
13
12%
12%
12%
12%
12%
12%
12%
12%
16,300
41%
413/4
41
413/8
41%
41%
41%
41%
10,300.
Briggs
43%
43%
4334
433/4
533/4
53%
53%
53%
30%
30%.
313/a
*48
49%
*48
29%
29
*48
49 Va
29 Va
29%
49 %
29
*48
44%
44%
44%
500
541/2
*53%
54%
500
Bristol-Myers
30%
32
31%
31%
8,900
49
*48V4
*48
'
49-;
*28'A
29
29
29
>
29
"
16
V
Brooklyn
Brown
2
16Va
15%
125
v
11
11%
80
125
*124
*124
12
11%
11%
•80%
803/4
16%
153/4
15%
12
16%
25
25
25
25
25
25
23%
23%
23%
24
23%
24
22%
23%
110%
*110
*58
80
X
65
-
17
V
3%
14%
8%
7%
80
*79
173/s
17%
17%
107%
*107%
1073/4
3%
xl73/a
17 Va
18%
17%
93%
93%
93%
25%;
25
26
26
333/4
...33
33
33%
55%.
55%
1%
6%
6%;
6%
24%'
24%
24%
38 i
38%
"
3%
181/4
8,900
93Va
610
26%
25%
25%
25%
25%
2,200
33%
32%
33
55%.
553/4
55%
1%
1%
32%
1%
118
r
53
118
T:
*51%
*51%
14%
143/4 V'
50
50
14%
54%
,1" 23%
37
37
37Va
373/8X
37
37%
14%
13%
129%
37
13 3/4
*13%
13%
54
130
28
30
71
70%
73%
13%
,7 "70%
6 V2
6%
6%
39%
403/a
39%
*
172
*169%
169 V4
6%
*6%
41
171
*169%
55%
55
171
'
145
56%
51%
106%
107
*142
56%
55
51
51%
51
107
142 *)>
142
144%
4%%
6%
42 7/8
'
50 Va
/
21'%
21 Vs
21 Va
21%
20%
21
20%
21
21V4
22
5%
5%
1123/4
*112%
5%
*112%
1123/4
12%
14%
13
133/4
13
13%
13
13Va
13
27
26%
27
26%
26%
26%
26%
26%
2,800
131/8
27Va
14
*13
13%
34%
34%'
*12%
34%'
34%
13%
*13%
333/4
; 33%
34
40
/
600
V
J
9'/a
8%
150
*148%
150
150
24 V2
25
25
25
33%
33%
33%
343/8
112%
*47% :
*112%
112%
'
49
47
■
*148%
83/4
9%,
149%
*24
34%
24
•
24
33%
34
33%
112
112
48%
*48
49
*48'/a
49
'
*15V*
15% ;/•.
51%-v
15%J
15%
15%"
15%
15%
15%
15V4
51%
52
51%
51%
503/4
51Va
7%
73/4
7%
•>
18% v'
7
18
7%
%1
8%
28a/s
273/4
38%
37
38
693/8
66%
683/4
22
213/4
<22 '
26%"
26%
27
26 3/a
*52%
4
53%
53%
54
54
*57%
58
573/4
*57
17 %
17%
*57
•'
17%
•
*17
17%
*17-
6%
6%
*6 3%
*33%
35
*33%
105%
*22 Va
1073/4
108%
22 3/a
40
40
*
17%
*17
7%
*101
12%
57%'
57%
196
*186
103
*100
*110%
49
*108%
110
48%
110
*98 %
98 %
99%
,
i__25
'
1
56%
58%
57%
*186
196
*186
196
*100
105
*100
105
110%
49
*11034 ill
111
'
43
*143
138
*57
60
39%
40%
48%
-
49
423/4
43%
*57
60
39%
393/4
43
43%
146
*143
*139
64%
64
64%
64%
35%
104 Va
35%
35 3/a
104 Va
*104
35%
3934
-40
393/4
*111%
112%
*111 Va
'
104 Va
104%
f 39 Vs
104 Va
*lllVa
112%
*39%
39 %
*111%
112%
40%
112%'
28
27%
28 Vs
35%
36%
36
36%
35
34%
33%
34
33
34
31 Va
31
31
31
32
*31%
For
footnotes
see
page
27%
.
2015,
I
28 V4
..
60
*109
98%
C.
v
Oil
C.
Co
No
;
*57
'40
'
10
98%,
'
39%
39%
44%
44 Va
44 3/s
149
139
39%
111%
64%
*1000
35%
105
35%
8
105
39%
40
111%:.
*111 Va
v.'
No
5
•153% Feb
25
•
Jan
Nov
23
Deo
31%
Deo
Jan •'
Jan
Jan
114% July
Jan
463/4 July
Feb
44
Apr
53/4
11%
4%
18
29% May
38% Apr 30
14 Va
1
Dec
50%
Dec
9 Va Mar
Sep
18% Mar
Jan
Jan V
7% Mar
Jan
25 3/b Mar
303/4 Nov
28
23% Apr
19
15%
Feb
21%
7
16 Va
Jan
213/a July
19
■383A
Jan 1
49 Va
Nov
57
Nov
22
•.
22
27% Mar
:
54% Apr
47
Jan
3
18
Feb
23
13
Jan
4
18% Feb
23
14% May
3/s Feb
19
36% Jan
18
65 Va July
Jan
58%, Apr
8
115% May
Jan
Jan
16
23 Va Jan
15
43% Jan
'18
13
Xl3% Apr '13
9% Jan 27
49
Jan
2
60
Mar
77%
4
103 % Feb
2
2
2
1%
24
1
»
143/4
-
30
98 Va
Feb
31%
Jun
Dec
96 Va
Oct
10%
an
Ja
Feb
51
Dec
Jan
185
Jun
90
Jun
Nov
63A
Jan
353/4
148
Oct
July
25 Va July
Jan
25% Nov
:95
19% Jply
Jun
17 Va
6 3/a
Jan
May
Dec
■
170
Feb 20
186
Apr
19
Jan 26
1093/4 Jan
2
44
Jan 22
107% Jan 24
93% Jan
3
100
Apr
27
76
Jan
114% Feb
27
110
Nov
115%
pfd
Jan
Mar
5
Apr
45%
Jun
89
No par
4%
50
stock
No par
Molybdenum.
No par
(The)
-.100
No
A
"
53% Jan
34'A Jan
50
37 %
Mar
109
Jan
Jun
96
Aug
16
106
Apr
12
92
57% Apr
30
52% Mar
110% Apr
99
17
2
53%
Oct
6
30% May
38 Va Mar
% Apr
'27
34Va .Apr
39 Va July
40% Mar
5
44
Apr
9
150
Jan
3(0
145
Feb
152
132
Apr
62% Jan
2
140% Jan
3
111
Feb
146% July
2
65
31'A Feb
1043'e May
2
35% Anr 23
35% Jan
•
par
140
Jan
22
July
59% July
67 Va
23 Va
Jan
33%
Dec
103% Mar
108 Va
Jun
Jun
Coca-Cola International Corp No par
*
2,900
120
40
600
113
90
28
134
69%'Apr
98
'
NO par
—
105
$4.50
—
Class
May
Dec
100
Coca-Cola
270
Jun
19 % Jan
20Va Jan
...
Co
9
100
duett Peabody & Co
Preferred
10
12 %
37 %
21% ,Apr
43% Sep
31
Bronse Co
gtd
-
8% May
18% Mar'
1
28% Nov
27%
9
54% Mar
93/4 May
22..
Mar
Apr4
11
20
15% Feb
,
Sep
15
Feb
23
52% Feb T7
5
4% July
114
Apr
Jan-
108
'
47% Mar 27
Jan
July
Jan
17% Apr
7
115% Jan
Jun
19% July
Apr
57
28
Mar
15%
23
4%
*x35% Feb '20
91% Jan 24
par
Climax
1,100
7%
Jan
30%
93/8 Apr .16
Jan
8%
203/4
38% Feb 423
2
2
3,700
•
64%
35%.
Ilium
Special
2%
13% Apr'25
24
2
4,200
140
64%
110'
Jan
Jan
4% Jan
(The)__—1
5%
preferred
.100
Clev & Pitts RR Co 1% gtd
50
50
60
39%
El
Nov
Jan
29% Jan
100
Louis Ry. Co
& St.
Graph
Jan
19
16
No par
i
Equipment
Clev
17
15% Jan
No par
preferred
Clev
11
Jan
Dec
54% Jan 22
!,
5
preferred
1,100
1
107
July
129% Nov
10
;
Dec
Jan
28
17% Mar
3
54
40 Va
Oct
Mar
106
24 % Jan
.
39
Apr
Jun!
20% Apr
,
Dec
5%
113
Apr'24
Dec
Dec
65
152 Va
96%
Deo
Dec
Dec
22%
Jan
31%
•
6
10% Jan 22
25
Stores..
110
;
.
4
25
'
33
par
Corp
C.
2
18 '
25'% Jan
—.10
Copper Co
5%
4
.
110 Va
*145
*104%
-
; :
3,800
273/4
27 Vs
28
35 Va
35%
36
35%
35%
820
32
33 Va
32%
33
32%
32%
1,230
31
31
31
31 Va
313/4
620
*30
Cotton
City Ice b Fuel.
35%
27%
35%
34
•
5
City Investing Co-.—,—
28
'
273/4
v
May
146
4
Clark
4
33 Va
-
33
Apr
143% July
44% Jan
4
30
Jan
1,300
-
49%,
140
35%
35 %
104%
'
35%
'
"
*1000
**
*1000
34%
35%
104 %
49
146
64 Vs
64%
1
*1000
*1000
*1000
/
56% Nov
593A Mky
Mar 26
54
5%%
Oct
119
Jun
183/s
11%
54%
Jan
27%
14
Jan
Feb»
Jan
1
12
14Vs
12% July
51% July
1
26
23
Jan
Jan:
Apr
May
•
52% Apr
"107% Feb
3
City
••.97
7% Feb "19
2
2.400
.
6%
43.%
-
1
2
6'A Feb
Jan
20"
'
8%
42%
19
14% Jan
49
Chrysler
Feb
115% Feb
19% Jan
Chile
Dec
24
2
par
tChllds
47%
Apr
43Va May
22'
No par
Chlckasha
jan
.
16
-
100
;
preferred.
520
..
110% 1103/4
140
140
'
*63%
,
49
146
146
139%
•
Dec
333/4
170
'
109
44%
„
196
300
146
r
58
109
140
41
56%
*98%
*143
101 %
Co
700
,22
101%:
13%.
110
39
.21%
40 3/4
;
13
100
*57
.
.
42,800
12%
*98%
40%
1151/4
113
„
120
101%
*108%
*139 Va
64%
23
6,300
34
*33
1133/j
200
35%
37%"Apr
3
Pr pf ($2.50) cum dlv.—No par
Chicago Yellow Cab.
Nd par
600
v
7%
7
71/4
33
100
140
64%
173/8
17
-1
preferred wi
Mail Order
conv
Feb
May-
73% May
26
No
$3
23 %
30
6 Va Mar 26
Chicago Pneumat Tool
57%
.17%
17
105
49
1
-
J5% Jan 22
5% Jan 22
5%
28
4% Jan
24
Dec
21% July
10% Apr 13
'
Jun
73/s
Jan-
153/4 Feb '20
22
Class A
i
40
Chicago Great West RR Co
i—50
5% preferred
,..50
Chicago & Northwest'n w i_.N0 par
300
*101%
12%
12%
56 Va
"
Jan
41
,
Chicago
2,000
•0.200
IV/2
East 111 RR Co
1 Va
15Vx
55% Mar
130May
Mar 26
Jan
6
6
143/4 Apr-28
5
No par
27,100
r
54%
17
39% -41
101%
23,300-
v
26
*57
,
98,300
22%:
573/4
110
57%
43%
44
*2134
-
39V4
17,500
.
.68%;
26
Chic &
30% July
57
Nov
Jan
23
7
129
5
5
1
Chesapeake & Ohio Ry
16,500
221/8
*53
*98 Va
146-
140
Chesapeake Corp of Va,_._—
Mfg
25,300
,
38
-
*108%
98%
40
.40%
44
49
57%
60
*56%
*143
Cab
Feb;
Feb
52
•
•*
29%
*100
111
40V4
Checker
26,600
93A'
*186
103
111
111%
22
'
39 Va
12%
196
*99
48 %
7%
33
112%
*101
57%
*186
*110%
17%
17%
22
*
12%
103
*108%
17
111
101 %
196
'48
*57
73/8
39%
12%
53
171/4
34%
113%
2
.
600
.'
183A,
68%
26%
53
573/4
22 Va
101%
25%
.
1
63%
22%
54%
*17
f
67%
-
26 V«
17%
23
No par
21'A Mar 28
No par »
28 Va Jan
3
—.100
xlll'/a Mar 13
700
.
51%/;
v 8
37%
.
22%
7%
*99
111
22
*33%
*186
*110%
6734
7%
22 V8
57%
38
*57
17%
39%
12%
37
22
17%
2 2 3/8
*101
373/8
15 3/s*:'
29%
29%
34%
111
91/4
29%
73e
112%
18 V2
-9%
297/s
33%
35
-13%
26
57%
40
57%
56 %
17%
*22 V8
13
12%
17 %
8%
18%
*52
?
*39%
!
101%
*101
'
>
663/4
26%
54
7%
9%
.
'
51
01/4
73/4
36%
■
'*15'A
7%
28
-
*26%
50%
18%
8%
■
83/4
28%
22
-
73/8
17%
7%
■18%
•
68
69%
22
p
7%
17%
.
8 Va
37%
38%
31%
69
7%
18%
27%
28%
273/4
22
^
4
52
Jan
3A
•
Champien Pap Si Fib Co
6% preferred
:
220
24%
•
109% Jan
100
Sep
533A
Apr'18
53
4
1
Chain Belt Co
2,000.
•
112
50
♦
52%-.
7 J/4
Jan
-473AJan
Nb par \
No par*-
Products...,
"
18%
4
25
d.e Pasco Copper..
25
118% Mar- 17
8
32
Vloleta Sugar Co
Deo
Deo
Apr-
'
Jan
152
3% July
173/a
38% Apr
24
21.
preferred
ev„ prior preferred
.
600,,
v
341/4',
111%
112%
'
15%
•
112%
-
1104
24%",
*23'A
34
112%
9
Apr1
Apr-
243A Feb
Mar 26
35% Jan
Dec
96
.20
17
4
12%
671/? Jan
23
x61% Jan 15
'5% Jan
2
50
lAl'.'
100
-
Certain-teed
29,400
.
149 Va
149%
149%
25
513/4
■-
9%"
,9
9
*33 Va
•
*473/4
473/4 '
*148%
149%
112%
112%
8%
*24
25
34
•
9
*148 Va
—
Apr
Feb
52
Mar 261163/4 Jan
2
25
1st preferred
2%
1
6
2
10%
5
10
!
Century Ribbon Mills
Cerro
9,600l
■
•
8%
9%
'—
Co..
I), Co
Central
1,000
Dec
56
48% Jan
11
Jan
,
/ 15,000
14
33%
13
333/4-
■".'■'
114
13%
13
33%
:(i2%
34
8,500,
,
5%
*51/4
112Va
5%
112%-
690
15%
34
47
ixlOO
Celotex Corp
...No par
5% preferred
•
20
Central Agulrre Assoc
No par
Central
Foundry Co
1
Central 111 Lt--4%% preferred—100
tCent RR of New Jersey.!
100 1
4,900
Dec
Jan
6% Apr
■
Dec
8%
3
113% Feb
Dec
Jun
9%
7
2
Jan
Jan:
111 3/a
153/s
Apr'
Jan
1
Mar
20
31*
_„f
70 %
Jan
20
.
Dec
83
1% Jan
53
100
Dec
4
4VeFeb 23
2
22Va M&r 26
A—1
10
Ry
Dec
49%
May
Apr'
20% Mar
class
Ohio
20%
12%
101% Feb 28
A 263/8 Feb1 21
4
Sep:
Jan
22
25
22%
54
22
par
Jan;
43%
Jan
<
Jun
17
3
Jan
'
Dec
11%
16
92
2-7% Jan
12% July
77%
107
'
3
15
*
Dec
Apr
,1. '
23
17% May
5
21%
8%
.
20 Va Apr
21 Vs
X".
161/4
20'A
343/4
8 "
Dec
721/4 Jan
109
5
16
201/4
*13%
6
2
16%
20%
*26 Va
,
18
18% Jan
1.5%
27
14% Jab
Dec
14
Jan:
7%
31
-
4
Feb
Jan:
82% Jan
26
1063A Apr
33/8 Jan
4
9% Jan:
59 Va Mar 27
14% Jan
7
20 Va
263/s
Feb
1
19
6
16
1
25%
129
Jan
16%
v
.111% Jan'30
2
7% Mar 28
Oct
Dec
Jan
47 Va
6
Mar
July
49 V4
Jan
5%
4
24% May
Mar 27
137/s Jan
7.8
61
2
153/4
*5%
112%
110
Jan
201/4
5%
100
127
15%
1123/4
6
*143-%
*20 Va
"v.. 5%
*11.2'/a
20% Apr
1
143%
16
5 3/4
1
V
,
5
20%
53/4;
24
8Va
30
24%, May
15
15%
12% ■"
47V2 Jan
37Va Jan
20%
1123/4%
par-
105% Jan
16
5%
18%Jan 22
No par
20 Va
12%
!
17%
116
5
123/4 May
•
3
No par
153/4
*112%
22 Va Jan
No par
20
Jan'
16% Apr
273/4 Feb
Celanese Corp of Amer
153/4
24
125
83% Mar
Caterpillar Tractor
20 3/8
24
163A Apr
.
2
900
15%
Oct
Aug
50
39% Jan
21
Jan
9,700
20 V*
2
2
Ry
&
Steel
2d
Mar
.
3
lOVs Jan
4,400
7%
May
143/e
10
59%
90
20
743/b Jan
par 5
50%
-
Feb
29% Apr
4
Jan 22
106 %
145
1
25
Corp
$4.75
44%
30
47
123A Mar 27
120
501/4
583/4
123/4 July
Jan
Apr
Oct
Aug
23% Jan
par
106%
: /
Jan
27
13
41% Mar
1
•
50
51'A
58%
53
12
8
107%
57%
Feb
Apr
Jan
143%
-
40%
8%
51
7% July
4$
par
Co—.100
"preferred
Preferred
30
21%
53%
No
Clinch
(J
45
Jan
22% July
503/4
-
144
144
144%
■■■
Case
34,200
Jan
123/4
—100
No par
Carriers & General Corp^j.
5,100
;
431/8
171
*170
Jan
37 Va
Jan:
*106 Va
56%
,51
107
107
6%
42%
*169%. 171%
170
55 Va
51%
107
61/4
6%
40%
169 Va
56%
51
106%
Carrier
2,600
6%
•
*106%
900
16,300
41Va
Pacific
Carpenter
371/4
29 3/8
7214
3%
8
3
Jan
——!—-No par
Administration
29
371/4
.9
Mar
Jan
No par
—.50
Ry
Oct
41% July
39
$3 preferred A
721/4
15
10
Co
Capital
29%
Jan
Jan
20% May
x5Q
9
100
Mills
721/4
37
7% Jan
34%
40%
;
Cannon
29
4
No par
Southern
72%
37
29%
'73%
43Vs May
32
Zinc
preferred
Carolina
5
Sep
Dec
34%
55V4 Apr' 24
:„.100
...
600
2
2
5
500
37% May
117
Jan
1
"
2
109% May
283A Jan-
3
21
(new)—!
preferred
$4.25
A- 1,600
,/
54%
May
40V4Mar27
497/a Ja!n 17
Zinc-Lead
Canadian
130
10% Mar 27
5
:
Canada
71,200
130%
6%
41
14
541/2
130'A
Sep
48
114
Campbell W & C Fdy.
PaT
Canada Dry Ginger . Ale——.—5 r
400
54%
40%
65/a
40
13%
13%
'v;
50
130%,
36%
29
*72%
*49
*53%
1
69
50
Dec
55%
Jan
preferred—100
20
/
14
13%
v ••
14
51
98
Jan
33%
37% Mar 27
i.—
100
U7'/2
51
130%
54
1303/4
36%
36 Va
28%
70
'
13%
53
130
36%
13%
50
*491/4
141/s
50
*116%
11.7%
51
51
52 3/4
50%
*53
129%
*116%
117%
*51
i
Apr
46'/a
5
Calpmet & Hecla Cons Copper
2,600
117%
28%
28%';
273/4
373/4
88%
3
No par
Packing
preferred
5%
6,700
37%
12
16
1
California
Callahan
12,500
51%
13%
14%
129%
36%
6%
243A
118
*49
53%
53
,
129
129
50
14
14
14
*53%
14%
50
:/
6%
63/4
90
Apr
56% Jan
54% May
24
preferred.....
Byron Jackson
60,
241/a
6%
Jun
5V» Apr
.
Bldg
Participating
8,600
.
241/4
38
51%
V, A
'
1%
52%
17% Mar
———;
Butte Copper &
Byers Co (AM)
3,200.
■
55
11/2
23
6%
24%
*117
523/4
32% *33
*55
24%
6%
24 Va
37%
118
*117
1% j'
6%
Jan
42% Jan
.No
preferred
4V2Va
1,300
18
93
45
.5
No
Butler Bros
500
3%
*54%
*
38%-
38
3%
6%
5,600
,
1071%
8
No par
preferred
Bush Term
94
1%
.
17Va
*106
6%
61% Mar
Burroughs Adding Mach__i_No par
Bush
Terminal
—,^,...1
20
18 'A
6%
■
.
17%
17%
>
2
No par
x
Watch
590
63%
3%
55%
6%
23%
63%
i
17%
33%
1
*78% " 80
80
93%
3 Va
3%
18
%
1%
8,500
I8V4
\
.
*54%
55%
1%'
13.400
8%
r
933/4
26
1%
100
.14%
8Va
193/8 Nov
—5
Burlington Mills Corp
15,700
110%
14-3/4
107
107
24%
'llOVa
8%
Bulova
Jun
43% Mar 27
L.100 V
Bujlard Co——
400
*93%
18%
93 %
*543/4
17%
17%
24
15
64
64
1073/4
*107
3%
18%
94 %
33%
*78%
458 %
12%
36% Apr
J__No
Co...
Oct
9
33% Jan
4
Wheels....—
Forge
Dec
109
49 Va Jan
;
No par
Mfg—A.
Deo
20
% Mar
203/4 Jan
3
Co
G)
22%
14% Mar
No par
preferred
Buffalo
7,400
'
253/4
3%
18%
94V4
*25
110%
8'/a
:
64
17Va
3%
23Va
Xl43/4
300
' 241/4
233/4
■
2,600
•
(E
$5
Budd
Oct
par
preferred..^..,.....
Budd
1,630
r
25
*573A
*110'/a
;
81
*63%
23%
!»%
'
78,800
,
V
16V4
*24%
'.
Jan'
Dec
24
Jan
Shoe Co——.—No
Bucyrus-Erie
50.
'83
15%
24 3/8
8 Va
65%
81%
25
7,900
130
17'AApr
3
Co
Union Gas.
Bruns-Balke-Gollender
2,300
-
124
"
,v 12%: ,12%
12%.
81%•16 Vt
58
15
80
-124
58
110%
64 Va
107%
3%
23%
231/4
64%
64%
107%
23
81
*80
*24%
58
*110%
7%
15%
23%
*57
110%
15
80%
v
25'
Va
15%
*110%
8%
16
23%
23%
15%
8
80
17
110%
*24
58
23%
15
8
*106%
58
110%
8
*63%
59
23%
i5%;
15
11%
11%
79 Va
15%
16
125
*124
80%
15%
58%
15%
-
125
79
:
153/4'
58%
15%,
15%
16%
125
11%
80%;
,«
15%
15%
16 Va
*124
V
93
-
19
:
;
16
*124
22% Mat1
6
110'A Mar 12
47
Briggs & Stratton__„—
54 %
49
29
29%
44%
-
16
18% Jan 23
xl08% Mar 26
Feb
No
31
43%
Jan
..No par
431/4
31
7%
95
1
Manufacturing
54%
*54
30%
r
15% Feb 14
23% Mar
7
;—lo
Bridgeport Brass Co___
41%
43%
13 Va Jan 22
2OV4 Jan 26
25 Va Aug
15
Dec
Corp. of America
40%
31
Jan
2.50
12%
54%
16%
(assented).100
41
30%
51%
8
52% Apr
Inc
12%
*53%
Feb
27% Mar
5
RR
Jan
Feb
1
Bearing Co
Airways
56 %
37%
par
Corp.;
20% Juiy
66% Julv
115%
No
;
Jan
1
...100
(The)
Oct
153/8
-
4
No par
;
x
preferred
Boston
900.
A
Inc„
40%
*43%
2
145
41%
May
_5
Brass.
class
Co
Borg-Warner
12,200
6%
50
53
*51
53
Borden
*48%
6%
6%
50
6%
4%%
5,000
37%
Jan
v
Jan
jan
61% May
^5
1
B
Stores
500
37
19%
Bond
5,400
36%
50
Ami
Class
430
'
23
23
No par '
100
Airplane Co__
Boeing
400
48
*53
2
Jan
•
par
Bliss &
19,500
4
No
'
*96
Jan
No par
30
:
Jan
48
56%
333/4
3
65
127
100
Decker Mfg Co
Blaw-Knox Co
„533A Nov
3
Black &
800
4
Jan
No par
13,600
May
51% Apr 23
25 % May
4
17
7% preferred
Blgelow-Sanf <larp Inc
3A
58
Steel
25% May
12
1
s
1,700
„
19%
2
__—
Foods
V
111-
18%-
No par
1
1,400
21%
*1101/8
18%
*
No
Co—i
New1
1,200
:
'
15V2
22
21 Va
221/4
111
400
-
.
591/4
15%
111
110 Va
,
583/4
26'/a
22%
223/s
22%
*21%
*110%
,
'
145
59%
*58
61
*60
6134
'
Pr
Best
xa
Loani
Indue
18%
.
July
•
15%
49%
100
25%
13
Apr
19
25%
Highest
4 per share
•
Jan
Jan
18 %
'
10 Va
10%
18%
18
1
33%
50
79%
13% May
15
1944
1
50
18%
Year
$ per share
per share
5
56
600
12V8Jan
$
16 Ve Jan
l-
Corp
shore
553/e Mar
50%
•
No par
per
2
*49%
-
$
Par
.
Avlatlon____
*55%
•
.
Lowest
6
Beneuclal
(
:
Highest
12% May
4,200
'
;
"
4-73/4 Jan
Bendik
24%
,/►.
"
Lowest
_8
6,900
56*
__
Range Since January 1
*
-
Belding-Hemirjway
50 V*
..
Range for Previous
STOCK
'
50
80%
*57%
■
19,500
,51% s 52'A
' '
i
1,400
,
YORK
EXCHANGE
50
18%
*22
"
50
79%
140
NEW
-
: Shares
13%
52%
*
RECORD
PRICES
Wednesday
Tuesday
>
.
per share
xl3%.
13%.
AND HIGH SALE
LOW
200?
Colgate-Palmolive-Peet
,$4.25
p/eferred
Collins & Alkman
.
6%
conv
preferred
Colo Fuel & Iron Corp
Colorado
4%
&
Southern
non-cura
non-cum
1st
No par
No par
"
19
Apr .16
253/4
Apr
38
8ep
Jan
9
109%
Feb
116
Dec
29% Mar
6
28
34% Jan
—100
111
No par
..100
108% Feb
-
233/a Jap 23
No par
preferred.—100
2nd preferred—.100
1
2
'
Jan
29
,
41
T15
14% Apr
26%
Dec
Jan
2
36 3,4 Apr
Jan
29 Va
Dec
2
353/4 Jan
25
11
11%
28% Jan
12%
Jan
30
Dec
253/4 Jan
2
33
11
13
Jan
27 %
Dec
Jan
FINANCIAL CHRONICLE
THE COMMERCIAL &
2008
Monday, May 7, 1945
RECORD
NEW YORK STOCK
-
AND
LOW
1
Sr.tnrday
•
Tuesday
Monday
,
S
share
share
per
*37%
37%
37%
37%
37%
5%
5%
98%
91%
*91%
23
44%
103%
104
30%
1 %
1
1%
1
29%
31
30 %
30%
103%
103%
36
36
99%
99 3%
*91
92
108
*48%
50
*487/8
*106%
r
48%
473/4
"
17
16%
165/B
1
'
1%
1 %
1043/4
104%
104 5/8
11,900
2,500
30%
31%
31
31%
30%
30%
30%
31
31
31%
32
31%
31%
32
32%
32%
33
34%
34%
34%
343/e
35
34%
34%
30%
31%
30%
30%
31%
35%
34%
;
*103
104
3%
4
3%
4
3%
28%
30
29%
30
29%
3%
30
108
4
29%
108
104
30
X29%
1073/4
1073/4
4%
4%
1073/8
preferred
Consol Coppermlnes Corp
6,600
29%
33,500
Consol Edison
1,700
$5 preferred
5%
7,100
Consol
30%
7,000
1,100
$2 partic preferred
Consol Laundries Corp
4,300
Consolidated
12%
36
36%
36%
36%
365/8
37
22%
22%
21%
22%
20%
21%
20%
21%
X20 %
20%
20%
22%
/ 25,200
Consolidated
27%
27%
27%
27%
27%
27%
27%
27%
*27%
273/4
27%
27%
3,700
193/4
20%
21
21%
22%
22%
23
23
53%
*52
112%
29%
112
112%
29%
113
29%
112
112%
112%
112%
113
29%
x28%
29
/
112%
V
.
'/ 670
10%
10%
103/4
*110%
1113/8
46%
46%
47%
108%
*107%
107%
11%
11%
115/a
11%
553/4
55%
57%
57%
10%
103/4
10%
11
30,000
Continental
34%
10,700
Continental
45%
45%
45%
46%
47%
46%
*107%
108%
*107%
108%
*107%
108%
*107%
11%
11%
11%
11
46
103/e
47%
108
V
475/8
52%
52%
53%
54
54%
10%
10%
11
10%
10%
10%
10%
34
34%
33%
34
33%
34
33%
33%
33%
34%
35%
35%
35
35
34%
35%
*33%
34%
35
35
*34
35
20%
*20%
20%
503/4
503/4
143/4
15
6,900
52
100
20%
20%
50%
49%
49%
*50%
:
15
15%
14%
15%
14%
•
52
51%
;,51%
51%
51%
19%
18%
18%
19
19%
55%
55%
55%
55%
*64%
65%
65%
65%
*51%
52
*51%
52
20%
50
15%
14%
20%
50%
*50
15%
*51
21%
20%
21%
50%
15%
19%
54%
55
55
55
64"%
64%
19%
55
18%
*54%
19%
64%
65
64%
65%
18%
194
194%
195%
194%
6%
6%
6%
7%
6%
7
6%
4%
4%
4%
4%
4%
4%
4%
194%
30%
108
30%
30%
108 %
107%
108
27%
27%
30%
31
108 %
30%
30%
107%
19%
194
107%
27%
*27
4%
34
34%
35%
34%
34%.
43%
44
43%
44%
44
44
43
50
50
50
49%
49%
49
22%
22%
22%
22%
y .22%
22%
22%
22%
103%
103%
103%
46%
45%
46%
45%
99
99
99%
28%
27%
27%
*103%
104
45%
*97%
28
.y-i .n%.
30%
V. 31
31
31
31
'
*34%
*
66
5%
19%
28%
'. *27%
16%
17
*145%
150
17%
150
31
30%
*106
107
11%
-
66
5%
5%
19%
19%
5%
19
*120
127
*120
135
*134
135
12%
137
5%
5 3/4
*120
■.
31%
;
34%
12%
13
136
1373/4
139
470
6G
64 %
65
1,700
5 5/s
5%5%
19%
19%
127
30%
29%
30
133/8
13%
13%-f'1"'
13%
13%--
19%
195/b
*120
29%
4% %
34%
12%
29%
30
36
Mar
2
37
Mar
Jan
2
21% Apr
133/4
Sep
33 %
Jan
j
•24%
Apr
31%
Dec
,r.
12% Aug
19% July
y
38%
48
4
58% Jan
103/4
12
17
.47
/
Jan
Apr
3
Apr
5
Jan
1% July
1%
Jan
5
1
31% Apr
19
110
Mar
Jan
183/4
28% Mar 26
20
28
Jan
69
Jan
89%
Dec
20%
Jan
29%
Dec
19%
Dec
'
Dec
!
2
87% Jan
2
303/a Jan
473/8 Mar
Mar 26
145% Jan
10
106
100
28
9
No par
v
113/4
193/4 Jan
145% Jan 23
Drug Stores Inc__2.50
;
101% Mar
253/4 Mar 27
29% Apr
112
23
Mar
108% Jan
Apr 18
19
31
36
Apr
Mar
26
13
;■ /;
y
105
Dec
37% Nov
Feb
Jan
144
Jan
29% Mar
Jan
30%
101
May
139
y
Dec
22%
22%
6
Jan
Aug
49% Aug
-
22%
323/s Mar 15
33
Dec
39
Jan
35% Jan
5
32
■:
97%
5
2
Jan
y
••••!
Feb
105
Jan
16
May
Dee
109% Nov
Jan
19
5% Aug
97
11% Aug
140
No par
122% Apr
6
—No par
59% Jan
16
1
5% Jan
22
6 % Jan
43/4
Jun
7% Nov
1
18% Jan
2
21% Mar
H3*
Jun
19% Nov
123% Feb
A_
Mar
120
253/s Apr
6
30% May
Apr
41 V Apr
66 3/4 May
7
No par
pfd—100
1143/4 May
21% Apr
21,
1
61%
.
127
28%
July
Dec
Nov
Dec
D
;
*13
13% / ••?
*24
25%'
>19
19 %
*
•*110%
*403%
133/8
25%
*24
*24
*24
25%
xl8
18%!tia;
17%
111%??'
44
y
110%
.1
-
i
111 %
19
18%
*110%
111%
42
42'
42
v
<
}
":• 133/4
•/ »5?4
25% ■'
«■
*42
'•'*
18;
1103/4-;
41
41
4 5 3/a
173/4
*111
"•18%
18
112
-
'"*111 *
•"
5,700
112%
40
Records
47%
14,500
Deere
&
36%
3,800
46%
25
36%
24%
24%
300
49%
49%
493/4
Corp
(The)
12% Jan
12
14% Feb 28
6% Jan
/
13% NOV
23% Jan
12
f
23%
16% Jan
8
25% Apr 19
19% Feb
8
19% Mar
1
13%
Jun
y 16%
Oct
112% Feb 16
109%
Dec
113%
Apr
21%
Jan
41%
Oct
100
pfd
Inc_
110
Jan
10
1
Dayton Pow & Lt 4%%
Decca
43
41%
5> preferred
Davison Chemical
500
43
41
B
25
Davega Stores Corp..
-
""•253/s
'
*110%
:
*13% -133/4
253/8
;
y
•»
33
Jan
9
43
May
4
,47% May
Oct
'
V
45%
453%
45%
45%
453/4
46%
45%
45%
46%
36 3/s
303/8
36%
36%
36
36
*36
36%
*36'/a
36%
25%
253/a
253/s
*24
25%
*24%
25
*24%
50%
49
50%
*24%
50
10%
11%
22
11%
10 3%
21%
21%
*673%
*43
43%
37
y
*413%
22 3%
54%
*105
233%
43%
44
36%
37
413/4
413/4
37%
41%
23 %
»
24
54%
53%
108
*105
53
*105
'
48 3/a
48
48%
"21%
23
22%
223/4
233/4
\
25%
243/a
24%
78
77
78
141
76%
y.;"'
140
140
*48
223/4
243/4
76%
140
24%
54%
108
233/4
48%
23%
25
77%
141
113%
*113
'*■' 30%
14 3%
*113%
113%
*113%
113%
30%
30%
303/4
293/4
30%
16%
14%
15 %
23%
23%
153/4
23%
16%
-
24
53%
*105
23%
*48
22%
24%
75%
1403/a
*113
29%
15%
433/4
36%
*41%
.<
;37
413/4
10%
11%
7,500
80,100
21%
;
213/4
72
*43
*673/4
41%
*48
24%
44
11%
*673/4
"
'
42%
23%
141.
72
37
23%
"
10%
21%
72
37%
233/a
:•
10%
22
43%
'
23%
10%
21%,,
44%
•,'.• 23
55
48%
10 3/4
37%
108
483/4
22%
*413%
.
48
10%
*673/4
43%
37
42%
49%
22
22%
72 '
*673%
72
48%
;;
#.
21%
8,800
*673/4
36
Jan
No
33% Apr
40% Jan
1,000
Devoe &
36%
37
1,700
Diamond
41%
41 %
•
.
6%
700
Raynolds A
Match
partic
preferred
23%
24%
24%
24%
25,600
24%
14,400
Dome Mines Ltd
80%
13,400
Douglas Aircraft
No par
Dow Chemical Co.
No par
122% Jan
4 1
141
Apr
27
1143/4
Apr
131
Jan
No par
110% Jan
2
114% Jan
17
1063/4
Jan
113
Aug
8%
243/4
77
.
140%
113%";".;.
293/4
15%
24%
243/4
24%
76%
77%
140%
140%
*141
142
113"%
*113
Class
29%
15%
30
15%
29 3/4
15%
700
$4 preferred
9,700
16%
Dunhlll
1153/4
1153/4
1153/4
116
116%
470
Duquesne Light 5%
163/4
16%
16%
16%
16%
16
16%
16%
163/4
7,000
53
52
523/4
52
53
53%
56
563/4
573/4
12,200
24%
24
23%
23%
23%
23
23
2,600
Eastern
180
180
180
180
1,400
*189
191
191
192
190
191
*189
192
*189
192
192
192
573/4
57
57
57%
58
57%
58
58%
59%
60
60%
2,000
27
27%
273/4
21%
28
28%
28%
29%
29
29%
29
29%
2,200
8%
9%
9%
8%
8%
8%
8%
9
50%
50%
493/4
503/4
493/4
503/4
49%
50
49%
503/4
503/4
51
163/4
17%
16 3/a
16%
16%
16%
16%
16 3/a
163/8
16%
16%
16%
120
120
120
;
50
*363/4
1
*119 %
Eagle-PIcher
6%
6
6%
6
6%
6
■■■•.-
6%
125
126
127
127%
129
*117
119
*118
120
120
Elastic
Auto-Lite
1,500
1
—5
600
49%
49%
493/8
49%
49%
2,100
Electric
37%
373/4
38%
38%
39 %
2,900
El
25%
25%
22%
26
22%
66
66
*105
106
*105
105
105
106
223/4
23%
103%
103%
*102%
104%
1%
1%
*103%
For footnotes
23
107%
250
24%
48,200
104
104
103%
104
104
104%
103%
104
104%
104
104%
"102%
2
1%
13/4
page
2015.
2
13/4
2
4
22
60% May
21% Jan
15
29 % Mar
Apr
10%
6%
Feb
14% July
Apr
33
41
Dec
Jan
25%
Dec
30
157
Feb
178
30
175
Jan
195,
Sep
4
41
Jan
52
Dec
3
16 3/4
24%
Dec
Sep
May
Dec
3
12% Mar
1
8%
Dec
15%
42% Jan
20
51% Feb
19
37%
Jan
20
17% Apr
28
10
Apr
453% Aug
153% Dec
6% Feb
13
6 3/4 Apr
16
8% May
Jan
5% Mar
9
3% Jan
2
109
Jan
3
129
103
Jan
3
121
3%
Jan
,3% Nov
6%
Oct
5% July
81%
Apr
114
Dec
Apr 25
50% Feb 16
78
Apr
103%
Dec
39 %
Apr
39% May
4
29% Jan 18
273A
Feb
47% July
343% Nov
May
4
-
Sep
22 3%
Jan
68%
Dec
Feb
26
101%
Jan
108%
Jun
3
8%
Jan
17%
4%
-50
100
preferred
Engineers
1033/4
1033/4
250
'103%
104%
320
*102%
104 %
'102%
104%
110
1%
13/4
l3/4
l3/4
10,900
Service
$5% preferred
1033/4
20
15
104
104
Jan
Jan
Johnson Corp
Public
$5 preferred
*103%
120 3%
57%
Endicott
24
Dec
20
100
*106
Dec
113
49
Emerson
67%
24%
Nov
6
11%
70% Jan
4,200
*65
106%
143/s
Mar
5
25
10,700
233/4
67 %
23
72% Nov
62
26%
22%
106
273% July
20% Mar 27
25%
22%
*64%
23%
May
Emerson Electric Mfg Co
—4
Radio & Phonograph.. ..—5
25
67%
106 %
21% May
47
34% Mar 21
25%
223/8
4-
44% Mar 26
22%
106
23
3
25%
104
•104
104
see
22%
4
Dec
183% Apr
192
Dec
No par
Paso
22 %
104
104
103%
103%
233%
$6 preferred
*64%
'
Nov
Jun
6
Natural Gas
22%
49
24% Apr 28
No par
No par
Storage Battery
37%
25%
Jan
128 %
573/4 May
No par
120%
48%
37
263/4
433/4
Jun
Jan
shares
50
67 %
Sep
1
123%
185
—8
$7 preferred
119
233%
203%
1
22
—2
Jan
Feb
4
Electric Power & Light
36%
23
26
15%
14
49%
*66
18% Jan
:
Dec
4 ;.
20%
Jan
1
118%
:
22
38%
162%
16% Feb
22
,
! 105
Apr
Feb
174
(The)
37%
26%
Jan
39% Jan
Feb
95
Apr
Feb
.100
50%
233/a
13
/.'■
137
6
117
x273/4
4
9
4
Jan
No par
37
26
25
1133/4 Jan
—10
Elec & Mus Ind Am
2,000
4
100
Boat
27,700
21
129
Stop Nut Co
Electric
Mar
203/4 Jan
4
303/4 Apr 30
16% May
1
6
9
preferred
Electric
Apr
125% Jan
Eaton Manufacturing Co
Edison Bros Stores Inc
5,900
26% Feb
80% May
Mar 26
172% May
Co
17,300
27
24% May
2
Stainless Steel Corp
cum
65
Feb
Jan
1st pfd
50
22%
22%
*53/4
125
6%
49
No par
38
69
'
6%
6%
4,900
de Nemours
50
*66
'
8%
2
Jbttstern Airlines lno__
60
573/4
22% Jan
50c
Eastman Kodak Co
181
2
12
*115%
181
Jan
Mar
253/4 May
;
-
5
$4.50 preferred
183
18
55% May
109
Mar 20
155
800
182
47
1
126%
183 %
par
No par
(E I) & Co
20
*126
1823/4
17% Mar 26
International
126%
183
par
(new)
126%
P
25
No
series A__
126%
!:
22
Jan
No par
126 3/a
24%
Jan
105
Corp
Industries
Dresser
*11,000
30%
26% May
2
38
100
No
Doehler-Jarvls
113%
*113
77%
16% Jan
Nb par
A
126%
6%
17% July
23%
150
Du
*5%
Jan
48
Duplan Corp
63/4
13%
48:
1,800
6%
Sep
48
4,600
126%
42
38% Mar
48
Dixie
243/4
6%
31
48%
5,100
24%
6
43% Jan
253/4".
172%
1253/4
4
Oct
253/a
243/4
6%
Dec
25%
171%
6%
35%
23%
2
Corp-Seagr's Ltd
preferred
Cup Co
243/4
128%
Jun
23%
Distil
5%
182
J.*
25
Diamond T Motor Car Co.
■_
1713/4
6%
63/8
28%
9,900
171
1273/4
3
10,500
24
6%
Oct
6
38% Jan
26%
52%
6%
par
Dec
55%
171
128 %
41 %
1073/4
24
6%
Jan
54
25%
24
6
29 %
46% Feb
*105
253/8
171
128%
28
23
9% Mar
541/4
53%
9
65
1073/4
24%
16%
153-
9
21%
Feb
4
54
116
8%
Jan
Jan
68
*105%
115%
1
Jan
r
533/4
24%
115%
•
5%
18%
52
11% Apr 28
23 % Feb
7
7% Mar 29
108 ; /
115%
'
I--V-
No par
43%
126%
*
•; 373/8 Dec
2
126%
.
223% july
Jan
31
126%
"
Jan
17%
Jan
24
23%
17%
24
Jan
171
24%
19
50% Apr
19
21
•126%
•'233/4
26% Feb
34% Jan
67
170
16%
Oct
22% Mar 27
100
20
169
16%
Jun
36%
50
23%
116
45%
Apr
Delaware Lack & Western
169%
116
Apr
24
Detroit Edison
23%
*126%
36%
32 %
35% Jan
10
-
Hudson
&
168%
170
4
383/b Mar 26
39% Mar 29
par
20
Deisel-Wemmer-Gilbert
Delaware
43%
•:■".
No
Detroit Hillsdale & 8 W RR Co__10O
y;
72
Co
Preferred
Office
104% Jan
16
9
Mar 26
Jan
3
4
107
Mar
24% May
Dec
6
Dec
100% Jan
5
104
Apr
30
87
Jan
104
Dec
102
Jan
5
105
Jan
23
89
Jan
105
Nov
No par
Bldg
No par
No par
.
$6 preferred
tEquitable
I
22% Jan
104
Feb
1
1063/4 Jan
11
92%
Jan
107
1% Apr
11
2% Jan
%
Apr
No
par
■
Oct
Feb
24
25% Jan
Jun
25% July
15%
22
10
273%
111
Mar
20% Jan
30
Feb
Feb
513/4 Mar
100
■.
Aug
Jan
4 6 3/4 Mar
18
Sugar
:.t
45
6
Jan
100
' i;
Oct
273/4
Jan
___100
Dec
613/a
Jan
16 3%
38% Feb
37
47
103
57
1843% July
104% Jan
6
28% Mar
Jan
.V
25% July '/ 3
52 %
4% Feb
25% Jan
Jan
July
44%
19
24
15%
i
Dec
133% July
52;
173%
Jan
107
Feb
Jan
Mar
4
195% Apr
7% Jan
3% Jan
•
No par
Cutler-Hammer Inc
500
26%
7
22% Jan
6
No par
Cushman's Sons Inc 7%
7,000
1
17% Mar 26
2
Curtlss-Wright
7,600
29%
Dec
4
xl82% Jan
•
Dec
v
21
May
Jun
13% Mar
May
9%
15 % Feb
66
43%
49%
513/e Apr
2
Mar
112% Aug
Feb
Jun
2
58% Jan
10
Dec
Jan
16
52% Mar 27
Oct
Dec
Nov
5%
12% Jan
__5
preferred
Class
50 3/4 May
5
293/a
41%
49% Jan
100
(The)
10
28
(The)
$7 preferred
26,000
19%
24
preferred
Prior
127
*120
127
29%
5%
303/4 Jan
-29% Jan
Inc
Curtis Pub Co
60.800
73/4
32%
1
47% Feb
112
Jan
Feb
105% May
4
preferred
Cunningham
300
35
'/*64%
57% May
12% Mar
-
Dec
53%
4
3
16
Dec
24
Jan
20
14
2
preferred
Press
Feb
Jan
46
1
1
preferred—.
Cuneo
700
May
24
Jun
102%
4
8% Jan
Cudahy Packing Co
107
*106
107
13
No par
Cuban-American
7%
31%
135
5%
i.
30%
113/4
653/4
19%
30%
108
6
47% May
No par
4,500
30
17
114
No par
2,100
L 16%
17%
*145% 150
;
25
Feb
30
Zelierbach Corp
5%
9
10% Apr
5
25
(The)
Cuba RR 6%
23
11% Apr
6
20
Crucible Steel of Amer
560
Feb
30% Jan
115
108% Jan 24
Aug
143/8
11
107% Apr
Co
$5 conv preferred
1,600
28%
293/4
*34%
*64%
127
98%
*273/4
30
*106
35
29%
29%
98%
28%
30
'
107
66%
19
98%
17
30%
290
12
533/8 Jan
45
25% Jan
23% Mar
31
No par
No par
5
50
Corp
1
preferred
Crown
9,500
150
'•
30%
104
104
3,600
455/8
16%
30
Orosley Corp
23
Dec
5
Crown Cork & Seal
44%
"*145%
30%
12%
66
V
98
27%
*106
135
19%
97%
27%
11%
66
29
97%
28
*34%
135
127
*120
99%
34%
66
5%
45 5/a
34%
135
V 133
'
44%
12%
12
12%
12
45
3,900
223/4
Dec
25%
20
25
2,900
$2.25
20 %
Jan
5
Corp__
Cream of Wheat Corp
700
Jan
18%
Jan
100
35%
50
11%
23
No par
Trust
433/4
*49
225/a
44%
35
*34%
35
22%
r.
Oct
Mar
28% Mar
18% Jan
1
Electric
43%
50%
323%
9
Del
of
343/4
34%
43%
46%
*30%
107%
*106
107%
**107
"
34%
43
*49
13% July
Jan
18% Mar 26
10
Oct
Jan
50
26% Apr
43/4 July
24
2
preferred
conv
73/4
6
8% Jan
Co
5%
610
1035/s
30%
Crane
14,500
Nov
37% Jan
Coty
800
103%
17%
30%
313/8
27%
30 %
1
1093/4 Apr
Refining
Inc
Coty Internat
Jan
32% Feb
20
Preferred
2,700
1073/4107 %
104
*145%
*145%
31
"4%
27%
27%
150
150
''30%
5,000
107%
98%
17%
17%
17%
.-'*145%
;•••'
7
27%
103%
104
Products
107%
49%
35%
Exch
Corn
16%
16
No par
Bank
Corn
360
Jun
No par
Inc
Cornell-Dubilier
780
6%
100
Oil
2,500
55%
Jan
50
Motors
66
Oct
23/4
25
6%
$3 prior preferred
Copperweld Steel Co
Conv pref 5%
series
7,700
27%
/
43
497/a
•
31
30%
305/s
31:
107%
33%
*27
27%
4%
4%
19%
108%
2
Cooper-Bessemer Corp
150
253/4
Jan
24
$4.50 pfd---No par
of America
20
Can
194
55%
65%
194
6%
27%
34%
27%
1
*51
6%
4%
;
15
194
194
195%
*195
-
503/4
Feb
Feb
17% Jan
Continental Steel Corp
6,000
Jan
3%
21%
102%
25% Jan
$3.75 preferred
500
28
24
3
1
Con tinental In surance
52%
11
4% Jan
30
Apr 28
108% Apr 17
6% Feb
2
2
373/8 Apr
2,200
11%
20%
Dec
14% Mar
Continental Diamond Fibre
52%
34%
103
4
preferred
Continents'
100
11%
.
Jun
-3
1,900
52%
.a
8%
300
9,900
.
108
#
Dec
95%
11% Jan
Continental Baking Co
17,000
103/4
111
111
11%
20%
Pow
111%
10%
*110%
Dec
31
No par
pfd
100
-
Cuba
Container Corp
10%
10%
111%
7
Consumers
2,700
*110%
10%
*110%
29%
Jan
31% Jan
preferred
10%
111%
11
50%
of
RR
29%
112
Jan
20%
9
Vultee Aircraft
Consol
$2.50
4% Apr
Dec
21%
15
Gas
pfd
2
33/< Mar 23
1
Dec
104% Mar 10
2
X106 % Mar 28
No par
Consolidation Coal Co
29%
10%
>::■
Natural
-
Jan
24% Jan
par
No par
5,800
600
112%
No
Industries
conv
29%
111%
;
$1.25
Y
N
4,000
29%
29
Film
of
101
JVo par
5
$4.7$
1% July
4
Apr
510
53%
Oct
Jun
27
May
36
36%
51%
22
33
36%
*29%
No par
Apr
28% Jan
37
*112
1 %
26% Mar 31
37
*52
23
No par
37%
...
Co
No par
37
19%
Edison
Congoleum-Nairn Inc
13
52%
183/a
Consolidated Cigar
29%
22%
50% July
Apr
26
12%
19%
Feb
14%
Feb
29%
22%
40%
16
8%
12%
*52
24
1834Feb
*
4
29%
20%
50% Apr
108
>
31 % May
12%
52
2
15% Mar 26
par
Feb
12
29%
23
No
105
108% Apr 21
Jan
12%
19%
42% Jan
No par
Corp
Conde Nast Pub Inc
29
52
Jun
8
29% Nov
12%
22%
Dec
43%
2
Jan
95%
29
52
49%
Jan
Jan
12%
23%
Jan
39
107
Feb
30
20%
Jan
10
Jan
12%
51%
Dec
100
preferred
1,000
4
Dec
23
37%
19
98 %
Apr
39%
11
Apr
45% Apr
Feb
Feb
16%
%
29 %
23%
50
93
84
2
10
243/4
13
20%
Feb
253/a Feb
47% Jan 24
No par
70
1053/4 May
9
15
79
30%
51%
92% Apr 24
27
Deo
,Dec
4
13
20%
Jan
97 %
17
3
30%
23%
21
Jan
31% May
4%
20%
Jan
95% Jan
par
76
May
1043/4 May
*4%
23
84
par
4
100
2
4%
29%
6
Deo
5% Mar
2
4%
*123/4
35%
24
*4%
4s/e
Jan
3% Nov
Jan
107%
4%
25%
Jan
107%
4%
17
17
28% Jan
107%
4%
373/4 Apr
5% Apr
No
1075/8
205/8
293/4
108
Mar 27
89
107%
107%
'31-
4,100
-
104
3%
4
4
4
104
104
*103
35%
Commonwealth & Southern__No par
*6 preferred series
No par
3,700
31%
31%
Jan
Commonwealth
34,400
1
102
1 %
103
26%
No
Commercial Solvents
12,200
23
90% Jan
Credit
conv
C I T Financial
8,000
Co
preferred
4%%
16%
Carbon
Feb
100
100
Pictures
Commercial
8,400
!
48%
16%
102
$2.75
100
109
48
1%
Columbia
2,200
50
44%
44
44%
109
*106%
-v
38
2
preferred
Columbian
200
;
22%
Highest
t per share
Mar 26
4% Jan
preferred series A
5%
80
92
108
22%
50
43%
44%
:
223%
22%
Lowest
t per share
share '
31
So par
6%
2,400
100
*105
92
*104
91
109
993/4
99%
B
Class
per
1944
2.50
Sya Inc cl A
Columbia Oas & Eleo
59,700
.•
S
$ per share
Par
Year
2,50
Columbia Br*d
800
■
(
5%
5%
5%
16%
103%
103%
36
5%
48%
1
104 %
36
5%
16%
31
*34%
37
47%
31
30%
35%
37%
Range Since January 1
Lowest
Highest
'
t
^
Range for Previous
'
STOCK
YORK
EXCHANGE
-
Shares
1,800
48%
30%
X30
*34%
♦103
16%
109
103
V
103%
30%
30%
48
17%
17
17%
17
104
*106%
43%
the Week
•*;
share
37
22%
*106%
I per
26%
105%
*48%
44%
1
37
22%
50
43%
109 V
48%
48
48%
*48%
May 4
«
share
36
105%
23
44%
♦106%
109
91
91
104%
22%
50
*48%
44
104%
:
99
99%
23
22%
50
48%
91
106
50
*106%
5%
5%
99
93
*104%
91%
43%
•22%
*36%
5%
99%
106
*104
'
37%
37%
:
5 %
99 %
5%
99
37
37
37%
I per
share
NEW
8ales for
Friday
*
May 3
May 2
$ per
$ per share
37%
37%
♦36%
f,
.
Thursday
Wednesday
May 1
Apr. 30
Apr. 28
f per
«.
STOCKS
HIGH BALE PBICEB
20
13%
Dec
Dec
y
Volume
161
Number
,
THE COMMERCIAL & FINANCIAL CHRONICLE
4383
NEW YORK STOCK
LOW
Saturday
$
Monday
Apr. 28
AND
Apr. 30
per share
18
82 %
14%
?
17%
18%
823/4
*81%
*88%
17%
14%
15
14%
18%
19
19
191/a
573/4
55%
573/4
7
17
-
15%
'
5,300
18%
183/4
3,800
Evans
57%
56%
56%
5,500
Ex-Cell-O
*6%
,7
:•
Exchange Buffet Corp
6 3/4
6 3/4
55%
56
29%
29%
29%
29%
30%
15
14%
153/a
15%
16
20%
20 3/a
20
20
108%
*107
108 3/s
37%
37
37%
30 %
30
55%
30
30
15%
143/4
15%
19 3/s
193/4
20
20 Vb
19yA
20
108%
*107
108%
37%
37%
37
37%
37%
37%
*27%
27%
28
28%
2 9'A
30%
11 %
11%
11%
12%
12%
12%
12%
12%
12%
34 %
343/4
34
34%
34
343/4
34
34%
34%
107%
107
107%
107
107
107%
62 %
*107
108 %
363A
*30
107
273A
27%
573A
573A
58%
62%
613/4
62%
*106%
108 %
47%
47%
29%
293/a
62
47%
28%
29%
29
4534
*453/8
45%
453A
453A
35
34%
35 V
35%
35%
7%
7%
7%
7%
7%
Light
Federal-Mogul
4%%
27%
1,200
59
59%
60
1,600
4,600
63%
1073/4
'48 ;
49%
29%
46
.
29%
30%
46
47
353%
:%'/:
35%
353A
7%
63%
First
Co
20%
203/a
20
20
68%
68%
6 8 3/4
69
69
69%
2,400
Food
35 3A
35%
35%
35%
33%
35%
33%
343/4
34 3A
35%
35
35%
4,700
Foster-Wheeler
26
26
26
26
26%
26%
26
26
15
*130
15
138
'
14%
;>//:
38%
463/4
47
1173/4
118
*8
8
8%
5%
8%
17%
7%
;
5% V;6
6 Y»
17%
:
5%
47%
48
48
48
116%
117
*116
117
*7%
5%
53/,
17%
16%
t
73/4
17
16%
*19%
20
*19%
16%
*71
•
72
8
16 % /:
*19%
.
71
71",.„;
8%
v
20
x8
*70 %
■>/
8%
15%
>70%
72
20
7% r
8
Fruehauf
Trailer
2,000
Gabriel Co
Galr
•
v
30%
30
303/4
30%
62%
14%
'/V: 63
62%
63
■14%
108
*106%
63%
63%
63%
143/4
14%
623/4
14%
143/4
145/s
14%
*106%
108
*106%
*62%
*106%
54%
55
54%
543/4
93/4
93%
173
v/;;:
54V4
;
93/4
9%
9%
9%
55
21
.
9.900
24%
125%
*167
243/8
125%
293/a
29%
43%
•
42
-41%
42%
41%
V
42%
24% 7
'
29%
;i
A
(The)
423/4
42%:
42
?
43%
' /
171
*167
171
*167
:
,
127%
j
^
1%
730
1%
44
43 %
* ;
4
142
*123%
127'
4%
3%
:
41/9
;:-!A
•
i-:>. Vv;.
4
4
';.A
42 3/a
42%
4
:
*140
7,800
127
*130
-132
142
'
*140
142'/l
*140
142
*125
128%
*126
130
*126
128
*130
132
*130
/ 132
*130
132
4%
*130
*130
132
132
68%
•69%
1263/4
70
;68%
126%
■126%
*57
•
69%
1
70%
126%
;■
69%
v.
125
*56%
*56% X 59%
70% :
14
133/4
133/4
133/4
1253/4
27%
28
273/4
103%
10%
10%
10%
10%
10%
14
28%
10%
10%
10 3/s
$5
110
*108%
34
14%
3,166
28%
'
*126 //: 130
4
';:V 4,;
23 %
.
.
V
/■:
*108%
126
•
r
4%
4
/V: 23%
•
-213/4
21%
21%
103%
102%
103%
*303/4
31
*106%' 109
30 V
u
:
::
21%
*303/4
30
3%
21 3/s
■/"/
1083/4
;
108%
15%
14%
93%
92%
;
133
26%
27
273/4
29
27
28
9 8 3/s
98%
99
99
*97%
31
;/
31
31%
305/s
54%
53%
53%
*52%
*53%
"■%
4
155%
4%
4
155%
*152
27%
28
273/s
61%
103%
61
61%
*102%
55%
v;
*154
4
4
*154
27
100
31
\
:
*102%
:
56
55%
28
6,800
10%
1,700
213/g
31
31
*106%
109
30
29%
108%
1083/4
14%
14%-
'
100
303/4
*52%
Zv
273/4
53%
,
99%
31
31%
*52%
4
4%
4
*152
4%
155
155%
*150
27%
27
27%
273/4
/ 17 y4 Jan
■
60%
102%
102%
56% '
56%
*15
15%
15
15%
15%
7
7%
'■
5%
5
110
15%
15%
7
7%
5
5
110
110
15 % *
7%
153/s
7
4%
5
100
3,500
61
102
57
5,700
110
400
110
7
7%
2,400
77,900
2,200
5
5
4%
15%
7%
15%
15 %-
5%
5%
24%
23%
24
23%
23%
18
17%
18%
18
18%
44
44
*44
*24%
45
44
44
'
*43%
45
*43%
45%
24%
24%
24%
24'/a
24%
24%
24%
*24
24%
163/4
16%
16%
16%
16%
17
16%
17
54%
55%
...
24%
'
*23
23%
17%
*43%
45
*23%
173/4
18
*23%
24
18%
18%
17
17
16%
17
543/4
55%
54%
55
54
54%
53%
54
53%
55
29%
29%
29
29%
29%
293/a
29%
29%
29%
29%
167%
166
167%
165%
167%
167%
*165
60%
61
61
108
.
*60%
26%
26%
*106%
107%
34%
353%
34%
6%
6%
6%
61
26%
107 %
35%
35
60'%
26%
6
6%
.
35%
6%
168
60%
593/4
26%
26%
26%
107%
107%
353/8
*107%
343/4
5%
168
29%
*168
/
5%
35%
5%
600
24
18%
29%
5 170
14,000
!■*•
500
500
16,700
17,600
7,100
230
60
27
1077/a
363/4
5%
>
60%
60%
1,700
17,300
263/4
27%
*107%
107%
200
36%
33,100
36
6 3/s
$5
.
$4.50
4%%
j
1
(The)
preferred—
conv
Dec
.41%
Apr
55% Mar
19
10'A Mar
174
1
22% Mar
•
6%
5,700
Dec
Apr
19
813A
Jan
24
25%,
Dec
7% July
Jan
29% Apr
Nov
19%
Jan
11%
Oct
93/a July
161
4% Jan
19
23
Apr
X128
37% Jan
24
40Feb
1
140
•
Dec
22%
44
3
35
40
Nov
May
Dec
29% July
Feb
17
124
Feb
Mar 20
170
4
Dec
155
Dec
403/8
.
'
42% Apr
4 y»
2%
9
102
6
128':
Jan
22
134
115.
43% July
Feb
3% Aug
140
Sep
Jan
Mar
Sep
120
Dec
134%
Nov
66
July
62
4
513/4
Feb
125
3
130
Mar
6
1253/4
Jan
130%
Jan
11
60
Feb
28
363A
Jan
56%
Nov
10
Jan
16
22% Jan
2
May
1% Jan
Jan
par
13% July
Apr
233/4
11% Feb
19
6%
Jan
11% Aug,
Feb
14
3% Apr
24
10
3% Jan
Jan
187/s
108
3
Feb
4ya
6
14% Apr 25
303/a Mar
7
283/8 Jan
21
par
70% May
9% Mar 27
106% Feb
123
Oct
1%
17
2% July
Apr
Mar
6
Jan
26
3
5% Feb
14
3%
24
25% Feb
16
19%
Apr
27
14%
Jan
112
Apr
Jun
Nov
1073/4
Dec
31%
19% Apr
37
Nov
124
'
22
24'A Feb
Mar 26
109% Jan
Jan
106
127
30
1
106% Apr
27
Jan
2
32 3/a Feb
Nov
Dec
11U%
Sep
Jan
27
Dec
Jan
31%
Dec
19%
8
27
1083A Apr
19%
19
7
23
25% July
?
■i'
74%
24
28 y2 Jan
Oct
4%
Nov
22%
3
Apr
32% Mar
253/s Mar 29
Feb"
26 3/a
Dec
30
26
.
1073/4 Apr
17'/a Jan
13'/a Mar 27
90
Mar
21
Jan
Mar 12
111
95
Jan
Apr
100% May
90%
Dec
Jan
22%
Deo
Jan
253/a
Dec
Apr
52
Aug
2
25 % Jan
2
31% Apr
30
18 Va
52 % Jan
4
55
Feb
19
45
3% Jan
2
4% Feb
19
5
165% Jan
12
153
Apr
Dec
Jan
11%
29
97% Mar 28
16%
69
6
29
Jan
7%
15
9
23
23A
4% May
Jan
85% Jan
175
25Va Feb
1
Feb
10
623/a Apr
19
Apr
20
105% Mar
6
49% Mar 26
x573A Feb
15
363/8
Feb
112% Mar
Jan
Dec
15
53 % Jan
112 Vb
17%
102
30
40
"Feb
54%
"jun
Jan
104 %
Nov
51%
Dec
98
8
104%
12% Mar 26
16
Jan
2
8%
Jan
Jan
15
1%
Jan
33/4
Jan
110
May
2
1
5% Jan
2
8
5
Granby Consol M S & P
4% Jan
2<
53/4 Jan
11
24% Apr
28
Union Co—
No par
183/4 Jan
3
No par
—10
20
14 Vb Jan
23
183A May
36 Vz Jan
22
44
15% May
9% Feb
7
•
;
Jun
Oct
Aug
5% July
19%
Dec
16
July
32%
*
1
Jan
•42%
Dec
Jan
2
24'/2 Jan
19
10
23%
Jun
25 %
Mar
Prop—No par
143/4 Jan
2
17% Mar
1
14%
Dec
17%
Nov
6% pfd—No par
Great Western Sugar
No par
Preferred
100
46 Vb Jan
24
55% Apr
24
25%
Jan
49%
28 Vb Jan
2
313/e Apr
18
243/8
Jan
30
Dec
May
3
1433/4
Feb
163
Nov
May
67
Feb
Feb
553/4
Dec
Feb
24% July
Grant
:
5%
(W T)
Co
-
preferred
Great
Iron
Nor
Ore
Great Northern Ry
100
1
Bay & West RR
Green
(H
L)
Co Inc
Greyhound Corp (The)
4%%
Guantanamo Sugar
8%
No par
100
!
1
—No par
100
preferred---/—-
Orumman Aircraft Corp
preferred
21
71%
72%
72
72%
71%
72
72%
74%
75
73%
73%
73
*
55
55%
55%r.,;
54%
Gulf
543%
2,800
12,400
*5
No par
No
preferred
Oil
par
28
Corp
24
Apr
168
1613/4 Mar 16
Jan
20
71
Feb
52% Jan
25
63% Apr
57
2
24
64
23% Jan
94
Jan
3%
7
Feb
7
11
3
3 6 3/| M*v
5% Mar 26
167
19%
1053/4
27% May
12
2»»/- .ton
4
108% Mar 13
2
104 y4 Jan
43%
Dec
105%
Dec
Apr
32 %
Dec
Apr
6% Aug
189% Dec
4
123
28
May 4
57'A Mar 16
26 ^
Jan
16% May
33
Jan
62%
Dec
42%
Sep
50%
Dec
195% May
143/e Mar 27
21
Jan
23
49 y2 Jan
6
6%
75
58
Dec
Apr
Jan
•
H
37%
*36%
37%
*36%
37%
*36%
37%-
*36%
25%
25%
*24%
25%
24%
24%
*24
25%
*25
20
20
19%
19%
19%
19%
*36%
106%
106%
*107%
107 %
20
*107
107%
22
22%
22
20
31%
313/8
31%
9
9
*9
*110
113
*110
For
footnotes
see
25
19%
107%
*106%
108
*107
108
107%
*107
107%
107
107
*106 5/s
107
22%
22
22%
107%
108
155
*1 ^3
*153
19%
37%
31%
155
31%
2015.
q
q
♦110
9%
113
page
313/4
113
213/4
22%
8%
*110
22%
34%
8%
113
33%
*8%
*110
24%
19%
25
19%
*107
108
107
107
*22
34%
9
113
33%
9%
*110
Hackensack
37%
22%
600
1,700
80
80
4,300
10
*152
*152
*152
31%
21%
*36%
34%
93/4
113
5,700
1,700
Hall
28
Water
10
Printing
Co
Hamilton Watch Co
8%
preferred
-,
(MA) Co $4.25
Hanna
Harbison-Walk
Refrac
nreforred.
..
Hart, Schaffner & Marx
6%%
Feb
2
Apr
33%
25 V* Apr
26
15 % Mar
22%
22
Mar 19
11% Apr
16 % July
38
27
15 y» Jan
2
106 y» Apr
13
110V4 Jan
12
106
Apr
111
Feb
28
110% Jan
12
102
Jun
pfd__No par
No
par
-100
10
of Amer class A1
preferred (modified)—100
Hat Corp
2
2
100
*
Dec
Jan
2Q% Jan
.33
No par
.
"
Oct
53
Motors
203/b
55%
6%
7% Feb
25 Vb Apr
Granite City Steel
Grand
Dec
543A
73/4 Jan
143;
Feb
1
9
Apr
25
par
Gulf Mobile & Ohio RR
55
16%
Mar
par
820
543/4
Feb
4
No par
38,200
54%
Dec
10%
30
Apf
No
No
$5 convertible preferred—No
Gotham Hosiery-——No
20%
55 Vi
58%
129
—
195%
55
23%
Jan
17
Co——100
10
(B F)
$5 preferred
19%
55 Vb
7%
Feb
Feb
Goodyear Tire & Rubb
20%
,
Jan
Jan
1
Goodall-Sanford Inc
Graham-Paige
Nov
4%
Apr
tGoebel Brewing Co
Goodrich Co
66
13 y4
124
No par
No par
50
preferred
Glidden Co
Dec
51
2
143
No par
No par
No par
Safety Razor
preferred
1o3/8
190
Oct
2
5
conv
193/4
177
62%
6
100
19%
*173
Mar 27
4
pfd_
20 3/8
179
Jun
Jan
—100
19%
*172
Dec
18%
106% Mar 22
22
156 y2 Jan
99
20%
179
18%
Sep
143/4 Apr
Mar 21
/ 19
20
*173
Dec
15%
5% July
v
1
*173
179
163/a
19
8% Mar
27 V2 Mar 20
preferred-JVo par
178
*173
12
3 sVb Jan
Rubber Co
&
cum
Gillette
Green
*69
*69
*69
*60
107%
26%
26
*107%
166
*69
*69
*69
500
%
18
*24%
2,500
60%
no
17%
Apr 27
63% May
1
1143/4 Jan 22
No par
Gold & Stock Telegraph
27%
24%
*5
7,300
4%
155
102%
■
57
Jan
Jan
113
10c
Glmbel Brothers
1,400
4,200
54
27%
60%
103% ;
56%
110%
17,500
31%
56%
60 3/4
102 %
*110
28%
Tire
July
2%
12%
No par
—1
No par
preferred—-
4%%
500
99%
4%%
7
Jan
27
20
1343/4 Jan
Telephone
General
140
8,500
*151
61%
603/4
/
3,600.
93%
4
4%
103%
57
31
109
^ is'"'
*53
27%
Gen
500
Sep
20
31
22
Corp—.
20
Time Instrument Cotp__No par
General
1,500
*92%
31
151
Gen Steel Cast $6
L 1,270
108
*98%
54
60%
56
29%
30%
28
28%
99 y*
27%
100%
303/4
23A
Dec
Feb
72
2
General Shoe Corp__
1,900
213/4
14%
15
93%
*102%
56%
110%
6%
54
;
.
v
108
108%
61%
*110
7
%;
31%
*92%
93%
20
* 133
44%
116
Apr
183/4 Jan
160 3/a Jan
Jan
363/s July
203/s Apr
2
6
Jan
103
Dec
135
9Vb Feb
7
16
19
Jan
18 3/4 Feb
Jan
49
Jan
29 V2
13
Sep
17%
Jan
30%
19
7% Jan
par
13%
70
;
4
Feb
par
Gen Public Service
T30
8
19
Feb
2
Gen Railway
*106%
/
Apr
10
*
3,000
31
:•
Dec
No par
No par
Equip Corp
General Printing Ink
$4.50 series A preferred
3,500
104%- 105 :v/
30%,.
25%
183/4 Jan
31
General Refractories
31
109
Jan
100
Gen Precision
2%
21%
20
Nov
No par
34%
29%
Dec
19
41% May
18
7,900
21%
Deo
29
50
Jan
7,900
29%
69
Jan
119
83/4 Jan
4
103%
Jan
16
27
Jan
66% Feb
:
Common.—
V
10
110
,
103%
110%
6%
:■
27%
*110
V
3%.
233/4
53 y2
7
136
9
5
16 3/4 Mar
A. No par
A
2%
*128
,
Mar
1043/4 Apr
,,24
:/•*< 23% -
;
16
15
Mar
26% Feb
22
100
11% May
Mar
213/a Apr
Jan
.
25
75
/' 37%
13
12% Jan
Signal
No par
:
8% preferred.
.100
Gen Realty & Utilities new
10c
4
29%
;
f'-/
583/4 Mar
14 V4 Apr
No par
preferred
34%
3
34%
*
*92
103/e
>108%
108%
102%
.
293/4
;
3%
23%
•:
; 213/8
29%.
15
15%
93
24
*106%
•
V
*92
15
93
r'-~4
*30
/
30
*108%
*128
5
29%
31%
109
'
23/4
*33%
101%' 102%
29%'
*106%
15
?
'
23%-
102%
29
30%
93
14%
•
:
243/8
21%
■■■"
*128
2%
34%
"
'
34»
•
101%
f
1083A 108%
110
*108%
30
V
31
*106%
<
233/4
.
109
/!'•■ 31
;
30-
v'.?;
;:4
%
29%
29%
<
.
f.V: *23/4
2%
35
108%
109
*108%
110
130
*126
24%
21%
28%
34%
.
r. 1023/4
28%-
23/4
'>•
35%
35
126
:
:
23%
-
-
:
2%
2%
/
343/4
■f
*28
•
110
*108%
r
3
■/•/; 2%
.
43% Aug
No par
Outdoor Adv
Gen
59%
14
133/4
27%
3
2
General Motors Corp.
1,900
'
...
63% May
24
2
preferred——
5%
48,900
126
*57
59%
13%
27%
10%
28%
27%
13%
28
8% July
6% Jan
No par :
:__No par
$6 conv preferred series
70%
69%
126%,-
,
13%
14
273/4
.
70
126 3/a
126%
597/a
*56
59%
*56
59%
t,
69%
.126%
cv
126%
5% May
Jan
—
Corp„i
General Mills
,f:
■
'
Foods
Gen Gas & Electric A_.
13,000
142
*126
*140
128%
*124%
2
8
23
*
4%
•
142
'*140
preferred
General
•
4%
*140
Dec
Mar
Jan
100
_No par
preferred
Cigar Inc.._^
General Electric Co
27,700
Dec
33%
58
No
;—
cum
General
1,500
*167 / 171
•:
42%
42%
,
29
A
Jun
42'A
Dec
2
f
No par
General Cable Corp__^
Class
26%
Jan
24%
100
5
5
General Bronze Corp
2,400
128
29
■r
44
433/8
423/8
?-«
28s/a
28%
•
183/b May
34%:
4
4 % Jan
_/„
3,800
7
24
24
127 '■*
126
'•
283/4
67/a
*
24
Aug
4
23
No
Jun
44
May
16
1
——
Dec
109
353/4 May
30% Apr
42% Mar 26
par
0
57%
Apr
35% Jan
47
113
No par
Co
Dec
Nov
4
14
20
6,500
21%
21
:.7 .C-/
.
23%
126
28%
•
i *63/4
:
"
23%
125%
127
43%
43
433%
-
23%
21%
20%
7
6%
171
*167
171
*167
43%
:• 20%
20
7%
7
23%
29
/
171
43%
i
127 V*
125%
-28%
28%
73/a
/'/ 24
24%
125%
21%
7%
Jan
2
47% Jan
No par
1
'
20%
203/4 ; 21
'■'V6%
45
Jan
6Vi Mar 20
.1
Baking
preferred
$8
50
4
63 Vb May
10
Transportation
Amer
19
May
Dec
30% Feb
Apr
General
174
174
174
*173%
Gen
3
17
60
2
10
$4.50 preferred
;
1,800
9%
93/4
9%
93/4
v".
174
*173%
174
21
.
93/4
93/4
*173
174
*172
173
54%
543/, ','55%
.
53%
Jan
34
'
>54
27% Aug
118
Investors.
Amer
Gen
4,700
108
Jan
No par
pfd—100
-
108
543/4
280
,'V
143/4
*106%
108
55
64
14%
143/4
14%
;
108
*106
108
'
Jan
53% Mar 26
5
50
63
63
93
4
Gaylord Container Corp
5%% conv preferred
4,200
18
28% Apr
Jan
*70%
12,300
107% Apr
50
20
8%
22
25
$3 preferred
Gar Wood Industries Inc
303/8
Jan
23% Mar 27
103
25
150
8
32
9
72
303/a
Dec
103A Aug
Jan
24
72
V
24
Jan
22%
Jan
Gamewell
8
Apr
5
18
153/4 Jan
Gardner-Denver
30%
17
353/4 Apr
25
500
•7%
4
May
13% May
23
62% Apr
2n0
29%
31
22
16
20
;
*
Nov
41
19%
30%
30
30"%
27%
23 Va Jan
16%
'
Apr
par
'
/ 30%
19 y2
1
(Robert)
Co
7
no*
20
/:;■ * 16
3 8 3/4 Mar
Feb
*70%
S
2
383/4
preferred
Dec
Aug
24
1033/4
100
Jan
105
Jan
100
Apr
in
10
cl A
(The)
Inc
Co
6%
1,800
17%
7
preferred
9,300
Jan
3
Co
520
73/4
14%
4
*19%
72
8% V
8
4,100
6
1
107
5
*16
16
*19%
20
49
17%
16%
Mar
493/8 Mar
Co
17%
'
*16%
Freeport Sulphur
5%
/
17%
Dec
143/a
110% Mar
Oorp
7,100
7%
.6
17%
7%
■■:••■■
173/a
Dec
47%
Jan
2
prior
4% %
443A
Jan
26
Corp
117
116%
Jan
93/4
93/8 Jan
10
100
F'k'n Simon & Co Inc 7%
10
33 V*
28% Jan
.No par
preferred
Francisco Sugar Co
3,100
Dec
No
41%
v;v 48
8
53/4
*17%
7%
6
17%
173/s
173/s
.
48
118
47%
118
6%
260
6%
42% J an
Inc
Machinery
Jan
1053/4 Apr
Corp
Food Fair Stores
400
138
41%
■4i
40%
2,070
14%
*130
138
*130
41
40
40%
14%
14%
14
•vv
135
135
138
39%.
14%
14%
15
*130
39%
46%
26%
14%
143/4
117%
46%
*117
*26
138
*130:
383/4
38%
26%
62
2%
23'
par
preferrtd
61%
20%
68%
Dec
No
Follansbee
conv
Dec
47%
,
213/a
28
23y» Jan
25
Cq.._
7,400
5%
Oct
.17%
Apr
2
22
253/4 Jan
par
No
Florsheim Shoe class A
Steel
Mar
13%
Apr
Jan
,
.
_100
2,700
20%
*20
104
6%
9%
213/i
1
16% Feb
5
Jan
17
19
28
56
Apr 23
333/4 Mar
7
12 3/4 Mar 26
1
{The)
St.ovp
Florence
500
,
10
Stores__-
68
r
4
100
preferred
National
Flintkote
14,800
8
8
7%
4%%
400
2,500
•
68
*26
-2
Corp
20%
V.
423/4 Jan
25 y8 Jan
par
Firestone Tire & Rubber
62'%
107%
•
48
35%
63
7% Feb
Fidel Phen Fire Ins N Y
58
58
2
preferred
conv
Enamel
20%
59%
Jan
6
5
Ferro
673A
'
573/4 Apr
No par
58
58
19% May
24
Corp
673A
*19%
24
2
Dept Stores
20%
58%
2
15 % Jan
No
270
15% Feb
11% Jan
42% Jan
Federal Motor Truck
2,900
6734
58%
Dec
84% Aug
Federated
25,900
63
*20
70
Feb
Min & Smelt Co
Federal
107
Dec
Jan
78%
20
Corp.l
15
No par
Traction
&
27%
*45
.
8
7%
Federal
2,300
13%
14
46%
No
Co
St
273A
28%
29
293/s
453A
34%
:;
Morse
1,900
35
107
107%
62%
28%
;
34%
1073/4
34%
.::
31
Y33/8
62%
46
7%
30%
13%
34%
Jan
24
Mar 16
5
$6 preferred
31 Va
48
47%
34%
*45%
37%
1073/i
47%
Fairbanks
108 3%
9%
Apr
88
12
^3
2.50
Farnsworth Televis'n & Rad
1,600
28 -
83
27
Co
Corp__
Fajardo Sug Co of Pr Rico
4,300
21%
*107
63
107
108%
47%
2,500
25,100
*20
107
62%
623/4
*1063A
48
400
18 % Apr
19
Jan
86
__i.5
Cleaner
Vacuum
Products
27%
59
108 %
56 *
Eureka
59
27%
58
57%
V;
30
*107
27%
47%
*106
,
.
27%
*27%
/ *55
55
14%
54%
303/4
15%
58
7
29%
553/4
293/4
15%
27%
7
•
54%
55
30%
58
15
12% Jan
68% Jan
___50
19
14%
"
Highest
% per share
$ per share
par
No
j
RR Co
18%
55
*27%
Pitts
$ per share t
$ per share
1014
Lowest
100
common.
pre! series A
&
14 3/4
14%
*107
Erie
55%
6%.
*107
RR
5%
1,400
92
18%
15
543/4
*107
Erie
62,100
-
81%
*88%
..
Year
Range Since January 1
Lowest
Highest-
>
,
'■Par
;Shares
17%
81
92.
EXCHANGE
Range for Previous
.V/'..
■
NEW YORK STOCK
.
56
30 %
:
.17%
81%
*88%.
*
18%
14%
19%
57%;':..'
6%
S per share
173/4
81%
/
92
for
Sales
the Week
May 4
551/4
15
18%
17
171/4
82
*88%
56%
'
;;
7
*6%
173/4
Friday
.
,
$ per share
share
82
92
56;
;'„*6%
$ per
82
92
'88%
14%
May 3
$ per snare
82
92
STOCKS
Thursdayy
May 2
May 1
RECORD
PRICES
Wednesday
.Tuesday,,,,
$ per share
18%
82 %
*88%
SALE
HIGH
2009
107
18% Jan
2
Feb
17
154
x30
107
9
Apr
73/4 Jan
Jan
4
13
;
223/4 Mar
6
Apr
2
155
343A May
15%
138
109
Dec
Apr
21
July
Jan
152
Dec
4
10 3/4 Feb
16
5%
Jan
Jan
6
104%
Jan
110
Dec
July
8%
110
Jun
Jujy
v
RECORD
NEW YORK STOCK
LOW AND
S
I per share
10%
10%
7
22
80
11.0
7%
....
*176%
1.1%
11%
11%
11%
11%
7%
7%
7%
7%
7%
110
110
110
23
77%
__
77%
30%
29%
30%
30%
30%
29%
88
88%
88%
88
88
88
88
*132
133
■
*78%
130%
*29%
31
*29%
*127%
130
*26%
27%
26%
26%
26%
49
48%
48%
48%
*1161%
*46%
22 %
26%
17
17%
41%
41%
f
*117
49%
47%
46%
46%
*46%
47%
22%
22%
22%
22%
22%
26%
107%
26%
26%
26%
108 %
107%
108%
79%
78
79%
16%
16%
16%
17
16%
17%
16%
17%
43%
41%
42%
42
42
42
42%
2%
3
2%
3
13%
12%;
12%
12%
12%
12%
13
29%
29%
29%
29%
29%
29%
29%
29%
29%
28%
28%
27%
28%
27%
28%
4%
4%
4%
4%
4%
4%
26%
28%
4%
4%
4%
35%
37
36%
36%
36
37%/
36'%
36%
36
37%
36%
37%
34%
36%
34%
35'%
35
75
74
*83
71 7
7
.
33%
35
34%
35
23
23%
23%
23%
23%
46%
46%
46
*106%
108%
46%
108%
*106%
119%
120
120
31
.
•'.7
33%
*83
32
■
;■/: 83%
83%
32%
32%
32
:/
23%
2 3'A
23%
23%
46%
46
47%
47'%
*106%
119%
*106%
*106%
12%
*8%
9%
48%
49
,
.
12%
13
*8%
48
*91
94
*92
94
93
12%
93
12%
12%
12%
9
9%
49
7
9'/8
47%
47%
::
'
•
108%
6%
108%
*108
6%
6%
*187
188%
187
188%
85%
86%
3%
22
6
%
7
13%
Jan
19%
Dec
116% Apr
18
Jan
2
4
3%
21%
22%
83
83
6%
32%
6%
32%
139
4
4
32%
84
6%
6%
32%
139
*136
139
139
6%
*136
r
i
25%
24%
25%
24%
25
24%
25
24%
25
25
25%
90 %
91
90 %
91%
90%
90%
90%
90%
90%
91%
92
13%
13
13%
12%
12%
12%
13%
13%
13%
13%
85
85
84
85
84
84 %
84
85
85
85
46
46
46 %
46
46%
*46
*40%
40%
40%
139%
*125
28%
*40%
29%
46%
*45%
40%
40%
112%
109
139%
*125
29%
28%
40%
107
107
109
*106
*45%
*125
139%
28%
117
116%
139 Vb
125
29%
40%
40%
114
28%
46
*125
29
29%
29
29%
29%
29%
28%
28%
23%
23%
23%
23%
23%
23
23%
26%
20%
25%
26%
*25%
26%
*25
26
36%
36%
36%
36%
*37
37%
*37%
38
*148
*148
*125
139%
29
39
39
39
39
39
*111
115%
♦111
115%
115
115%
,115
115
*35%
36%,
36%
36%
111%
*111%
112%
115
*107%
115
32%
33
87
87
%■
103%
28%
39
'
*111
116
■36%;
35%
> 123
*110%
33%
32%
33%
31%'
32%
87%
88 %
87%.
87%
2 7%,
122
28%
103%
27
104
*102
>
28%
k
32%
103
29
: 2,000
'
/.t
40
6
29% Apr
i
3% Jan
2
.No
preferred.™—.;
.
7 900
1,300
(
*27
J
27
27
*120
124
27%
124.
*120
21%
21%
21%
49%
22%
49%,
27%
"120
'•? 27
27%
124
20%
21%
49%-
27
>
*120
27
20
27
*120
■
124
124
■>i.
„
27
*
*120
21%
21%
21%
48%
49
49%'
49%
50%v
21
21
49%
48
*20
20%
*20
20%
20
20%.
21
*26%
27%
*27
27%
26%
26%
26%
27V*
27%.
27%
*27%
*26%
27%
*27'
27%
27%
27%
26%
26%
26%
26%
26%
26%
:500
24%
24%
24%
24%
2,000
,49%
24%
1
25
39%
40
*25%
25'%
*44 %
45
8%
8%
75"%
77
*32%
32%
*108%
109
28%
28%
f
21-
25%
; 25
39%
24%
24%
24%
39
39%
38%
38%
25%
25%
25
25
44%
43%
44
8%
*76%
8%
78
*8%
77-
32 %
32%
108%
"1081/4
25%
'•*.
9
28%
28%
,
"■
44
8%
8%
9
77%
*76%
77
108%
108'%
30% !
28%
28 %
31%
108%
28'A
10
*9%
10
*9%
10
*9%
10
39%
39%
39%
40
40
39%
39%
43
43%
42%
44%
*8%
*9%
43
26
44%
*76%
39%
42%
26
44%
44%
38
43%
43'%
43'A
v
8%
31%
.
108%
28%
28%
28'4
9%
9%
9%
39%
39%
39%
43%
43%
43%
4%
5
4%
5
5
5
34
*52'%
34
34
34
46%
47
46
46%
54
14%
14%
33%
33%
131% 132'%
11%
12
2%
2%
43'%
43'%
41%,
*21,%
,
54
*53
*53
53%
46'%
46%
46'%
*53'%
*53%
14%
14%
14%
xl4
*46
33
33'%
*53
14'%
33'%;
33%
132
.131
11
131%
132'%
11%
11%
12%
12%
133
13'%
2%
2'%
2'%
2'%
2%
41%
42y4
*
.
131%
11%
2%
42
2%
42'%
132%
10%
2'%
42
v
42%
41%
42
41%
41%
41%
42
41%
41%
41%
41%
*22%
22%
22%
22%
22'%
22'%
22
22'%
18%
19
18%
19
61
62%
61%
62%
700
50,%
50'A
x49
49'%
*87%
89'%
*88
90
89%
90
194%
36%
*34%
55'A
49%
For footnotes see
8%
90%
194'%
194%
43%
3,100
-.'1
46%
-
42'%
41%
?
13,000
1,520
82,400
4,900
3,600
4,500
1,500
22%
18%
187%
18%
18%
187%
19
61'%
61%
62
62%
63
8%
8%
8%
8%
8%
8%
49 Ya
49 V3
49%
49%
89%
*88%
89%
89
89
49%
*88'%
..
90'%
90%
*194%
1951%
*194'%
90%
195'%
90'%
*194'%
*34'%
35%
35%
35%
'7
91
195%
90
"194%
90'%
195'%
34%
56%
51
51
90
35
*55
50'%
35
56
51
55%
*50
56
50%
*55%
*49%
4,000
3,300
18,900
700
"
_
100
-
"
56
50'%
100
18,900
/
42
21%
49'%
34%
■>
2%
42%
8%
56
2015.
1,600
700
14'%
49i%
35
50%
21,400 "
5
33%
63%
8%
49%
89%
55%
page
r
2%
20
2
48% Apr
13
Jan
24
105
104% Jan
par
100
3,200
50
200
1,300
700
2
11% Mar 26
8% Jan
6
par
37% Jan
25
104% Jan
3
171
.
9 »/8 May
1
50% Apr
109
11
100
178% Jan
189
Feb
4
21
23% May
2
7% Feb
1
28% Jan
24
34% Mar
23
137% Apr
19% Jan
26
25% May
26
94
13% May
88
Feb
47
May
42
Jan
39
Feb
2
92
Jan
2
4
Mar 19
Dec
/
1%
Jan
3%
Aug
;
15%
Jan
18%
Jun
80
Dec
65
25%
13%
,
Jun
47
Aug
15
35%
Jan
43
Sep
Dec
2
24% Apr
26% Apr
9
Mar
10t
Jan.
Jan
31
109% Jan
90
Jan
27% Jan
22
41% Mar
25
144
Dec
27
X
;
Jan
112%
.
30 v
102
17
Apr'.30
20%
1
19% Jan
9
Jan
28
58
-
88% May.
104% May- 4
May
•
May
Dec
Dec
80
93
10%
.,29./ Apr', 18
Jan
66% Jarr
-■
•
20%
Jan
Sep
Dec:
95
90 >
.
2
34%
111
107% Sep
,
Apr: 25"
■'
Nov
Dec
105
Nov
Dec
38% Aug
Apr
107%
1
37% Mar
33%
20% July
20%
Feb
112% Apr
;
Dec
Dec
;
'
Jan.
3
117
Jan
3
13
Jan
20.
,
34
,
22
Jan 22
28%
124
16%
Mar£ 1
Mar 26
21% Aug
Apr
124
Dec
117
6'%
22% Aprr.23
Jan
:
50% May
4
19%
7
13%
Feb
29% Feb' 14
17
Jan
28% Feb 27
20
21
Feb.
Dec
"39% Mar
Jan t ■>
Mar
14%
,
20 Vt
Dec
18% Jan
;
22
22% Jan
.-
26
23% Jan
,
23
24%
Jun
Jan,
19%
Jun
'37%
Dec
.
X26
V Jan
18% Jan
2
25% Apr 30
13%
35% Jan
24
40
Apr,24
29%
Jun
22% Mar
10
26
May* 3
19%
Jan
38% Jan
8
24
42
''
31% Mar
45% Febr.,14
Aug
Dec
Oct
v
8% Jan
23
Feb
21
78 % Jan
15
30
v
10% Feb
73
par
15
Apr
6
34 % Jan
26
2
Mar 26
112 '
7
Jan
19
40
24
44
37
Jan
,,
May
Apr
78%
i-*c
Dec
34%
Dec
Dec,
Dec
108%
Dec
27%
Nov
6%
Jan
10%
1
27%
Jan
24
31%
Jan
26
Apr
2
8% Apr
36
■
Dec
5
Feb
54% Jan
Feb
Mar,
28% May
11
.
9%
Feb
3
3
108% May
13
108%
22
,
'39
37%
,
Oct
Dec
Nov
7;:... / '.-.--v 7.',--'
0:
Laclede GaS Lt Co—
Lambert Co (The)
Lane Bryant
Lee Rubber & Tire!
—
Lehigh Coal & Navigation
Lehigh Portland Cement% 4% conv preferred
Lehigh Valley RR——
Lehigh Valley Coal
6% conv preferred
Lehman Corp (The)
Lehn & Fink Prod Corp
,Lerner Stores Corp (new)
Libbey Owens Ford Glass
Libby McNeill & Libby—:
Life Savers Corp
Liggett & Myers Tobacco
Series B
"
Preferred—
—
Lily Tulip Cup Corp——
Lima Locomotive Wks
Lintr Belt Co.2
July
Jan
84%
>91% Jan
par
.—I
-10
/ 45
j
27.
24
Jan
Apr 21
119
10.
Mar 27
79
Jan
138%
15
2
Apr
15
29
/
6
113% Feb
Dec
20% Aug
15
t
5
23
20
Jan
117
24
41% Jan
Oct
Jan
11%
•
17
24
93
135
11%
19
36% Mar 27
Jan
Feb
56%
6
137% Apr
4
Jan
Jun
12%
92
4
34% Jan
Dec
Jan
30
111
Dec
94
Jan
121% Mar
147
21%
Feb
Feb
30% May
12
Feb
66
;
7%
2
Jan
Oct
136
Jan
130
Jun
32% July,
39%
2
145
Apr
6%
V
68%
19
19% Jan
Jan
3
18% Jan
17% Jan:
Jan
4%
,
v
4
18% Jan
'l
82%
180%
21
137% Apr
May
Dec
Apr
Jan
26
84% Jan
Nov
188
Feb
67%
7
Feb
154%
5
15
Oct
Dec
165%
,
4
84% Mar
Mar 27
105%
Nov
8% July
2
9% Mar 26
8%
40% July
Apr
10% July
2
42% Jan
Aug
12% July
Jan
23
79
Sep
X87
Jan
Jan
129
165
Feb
6%
5% Jan
•
29%
27
Apr
5
Nov
Mar
104
.
4 i"
May
89% May
187
111%
Jan
Dec
6%
2% Jan
17
..10
1
4
106%
9% May
% 7% Jan
.
Oct
42% July
1
75% Jan
100
15
100
&.Co_..—:—— —5
19
74% Mar 21
'X
6 i
8% Feb
173% Jan
887/s
71%
27
Apr
I 20%
Apr
Jun
158
6
10% Mar
No par
No par
100
93% Apr 24
14% Mar
.%
35% July
t
5
Mar
8% Mar 26
1
(Julius)
Jan
82
15%
120% Apr 30
26
par
20
.
109 % Mar 16
2
Feb
166
preferred——.—- .100
._10
Kresge (S Si Co
——.
—I
Kresge Dept Stores
;—
Kress (S H) & Co
No par
Kroger Grocery & Bak
No par
1,800
53%
25% Feb
39% Jan
,
i'4%%
200
.'}
33%
33%
1327%134
12%
13'%
Dec
2
19% Jan
1
4,100
9%
*88'%
8%
8%
8%
13%
33'%
133
41%
50%
33%
53%
14%
33
23%
57
4%
5
33%
14%
18%
*49%
53'%
4%",
33%
33%
61%
194%
46'/a*
5
33%
14%
18%
*34%
*55%
33%
33
61%
89
4%
34%
47%
34
22
Class. B—
——Kennecott Copper—
No par
Keystone Steel & Wire Co—No par
.
*46%
Jan
35
,
170
28%
40
Dec
7/8>
24
6% Mar 28
Kimberly-Clark Corp.——No
2,300 7. Kinney (G R) Co—
L
.150
$5 prior preferred
No
1,300
Koppers Co> Inc.-—4
—
31%
108%-
77%
&■
1;200
'
76%:
31%
Jan
par
Kelsey Hayes Wh't conv cl A—
14;100 1
38%
108 V*
31
108%
8%
76
Dec
46
Apr
3
28
23
City P & L of ser B
Kayser
■>500
v.
.
26
25%'
21
28
39%
38%
:25%
44
•
77%
31%
,108%
28
*20%
'241/4
40
44
:
48%
,
Dec
56
18% Jan
No par
23,600
Kansas City Southern—.—No par
.100
2\600 .C'-7 '4>% non-cum preferred.-—.
1
V 500 '
Kaufmann Dept StoresKan
19%
Nov
23%
Apr
par
Kalamazoo Stove & Furn.
500
27
124
20%
32%
Jan
83% May
■
Aug
Feb
1 i.
; 37% Apr
.No
K
6
Jan
76
JOJ Mfg CO
10,000
Jan
10%
30
No par
-100
No par
No par
1%
>
25%
24
..No
——
Dec
Aug
Feb
24/
3
19% Jan
100
.No
Corp-
16 %
8%
28
37.% May
29 % Jan
47% Jan
■i 72% Jan
No par
Co
Jun
28 % July
t
28
20
100
.No
July
37%
22% Mar
23
5% Feb
6
luo
RR.stamped—100
Jones & Laughlin Steel—
No par
5% pref series A_
—100
5%■ pref series B conv—i._J.0G
27,500
T
••'' f
28%
14'A Jan
JolielT& Chicago
<
104%
'28%
—-J
Johnson——:—12%
#4% 2nd preferred-ser A
100
Johnson
'400
f :
33%
87%*
*87
■
?
r.
103%
28
36
112
87%
102%
28 %
:
122
33%
87
103%
27%
t
11%
28
Jewel Tea Co Inc—
No par
4%% preferred
-_100
'Johns Manville Corps— —No par
1.200
;
*110%
32%
'
40
*115
7
400
^
117
35%
112
*115
!-■:
900
.
115%
117
36
_
—
*111
115%
*35
112
*110%
*115
115
37%
*39%
39%
115%
.6.800
2,300
26 %
*148
39%
115
35%'
122
37%
—
117,100
24%
37%
26%.
;
30
23%
*25 %
29
23%
*111
115%
115
111%. 111%
*115
103%
103
(
*35%
39
115%
29%
28%
*148
87%
32%
*87
103%
28%
39
<'
115
*106%
111%
*111
»
30%
23%
*148
1,300
29%
37%
*148
40%
115%
139%
*25%
28%
40%
40%
47
2%
Jan
32% Feb
InternV'onal Salt
International Shoe.
International Silver——,—
50
i
7 % preferred—
—100
Intern'l Telep & Teleg
No par
Foreign share ctfs__.
No par
Interstate Dept 8tores
No par
Intertype Corp...
—No par
Island Creek Coal
1
r 86 preferred—
1
600
400
46%
*
117
28%
*23%
: 1.
115%
'
Jan
2
Preferred
.
International Paper Co
5% conv preferred——
Inter Rys of Cent Am
5% preferred
—
—
290
Feb
1%
6
Jan
,
5,700
86
30%
27
25
International Min & Chem—
5
4% preferred
—
-100
International Mining Corp
1
Int Nickel of Canada
—No par
36,700
1
21
6
International Haryester
Preferred
Int Hydro-Elec Sys class A
2,700
13%
91%
13%
43% Feb
15
Int Business Machines
—_
20
3 % Mar
preferred A
Steel
7%
14% Feb
preferred-.
13% July
20
16
par
Sep
70% July
Feb
18% Apr
19
Rayon—.—— .No
114
Feb
22
Jan
4%———.——100
lines
Nov
63
18
Jan
preferred series A—.
Jun
13% Aug
Jan
107%
Apr
3
18
Dec
47% July
45
Apr
10
RR Co——;
Central
Apr
81
s2
preferred—
Ltd——J
Interlake Iron
28,200
139
-
Intercort'l Rubber
16,500
100
5,100
24%
*85
6%
4V2%
10
3.700
-
33%
33
33%
32%
32%
*136
6%
6%
.i
84
12% Jan
Manhattan
Interchemlcal
220
23%
22%
*82% "
84
6%
4
4
4
22%
*82%
t C.¬
Insuranshares Ctfs Inc_;—i—-I
6,900
185%
185%
186%
21%
22%
;
P9'A
Co
v
13%
1
Mar
28
2
Inspiration Cons Copper
'400
189
88
66% Jan
May
111% Jan
3
Co.—,
34% Jan
Oil of Texas
Si
17
107% May
non-fcum
Inland
1,200
189
25% Apr
(new)J.i
Jan
42
117
Oct
39
11
47% Apr
23
115
1
11
Apr
51% May
2
■
Apr 24
119
4
16% Jan
preferred
6%
24,300
87
3%
4
21%
33%
*136
Xl8o
A
6%
10%
188%
86%
187
*82%
6%
188%
86%
109
6%
44% Jan
Ingersoil-Rand
v 500
10'%
42
i
Industrial
4,400
6%
—
B
Leased
6,100
^
9%
10 '/a
10
187
186%
83
*136
139
*136
187
22
6
32%
32%
186
3%
*82
83
6
-
22% Mar 31
3000
7: / RR See ctfs series A_T—
Indianapolis Power & Lt--...No par
74,100
49%
*108
109
:/7 *6%
10%
86%
87%
21%
4
22
,
*82
86%
187
186
186
186
6%
10
*185%
*108
109
'
6'%
10%
86
85%
*108
6%
*6%
10
189
*187
108 %
108'%
6%
10%
10
10%
10
.
15
'
*108
-
17% Jan
-
12% A
9'%
49
49
48
'■
93%
12%
9%
9y»
9'%
47%
12%
12%
12%
*9
48%
Sep
Nov
$4.5.0
-_
93'%
93
92%
93
93
47%
21%
i"
900
•'
*170
*170
*170
" '
w
120%
119%
120'%
■
*170
23%
Jan
108'%
*120
108%
119%
108'%
*119%
108'/2
119%
"
Jan
Mar
Illinois
2,500
.
28
25% Aug
20%
28
Feb
13%
>_
Idaho Power Co—
8.300
'.
Apr
29% Feb
19%
36 %
50
4 7'A
Dec
30
19
(A)
Hupp Motor Car Corp
3,000
23%
46%
July
125
(Del)
Hudson Motor Car
1,330
,45%
73
Apr
May
131% Apr
20% Feb
5%
3,100
'■V-;: 23'%:
Jan
15
Hud Bay Min & Sm
48,800
32
63
114
80
15
Feb
49
Howe Sound
84%
*83
32%
84
;
7
••
3
19
Feb
123
26
Houston
15,900
•
Mar
23
5%
3.800
'
;.Jun
134
17% Apr
1.600
74
23%
*106%
120.%
*170
*170
36
*72
73
72%
73
71
84%; '<!
*83
83%
73
35%
35%
35%
4%
35%
36%
36%
4%
:■•••.
-
J
Houston Light & Power
7v 31,000
28%
28
28%,
27%
4%
.
89
Jan
41% Jan
Hudson
•
Apr
128
The.;
Furnace
5,600
13
75
10
2
(C E)
6,800
-
6
134 % Apr
72
Household Finanoe
15,900
3
90% Mar
15
25
Class
1,400
v.
8
Feb
Jan
1,360
79%
Feb
Jan
Houdaille-Heishey cl A
100
1.600
20%
108
Feb
Nov
27%
;
23% Jan
6.200
78%
29%
*45%
T
Apr
130
Homestake Mining
13,500
■
107%
*79
—;——,
Holly Sugar Corp
1% preferred
' 10
.
50%
26%
22%
29%
*82'% '83
•
75%
170
Mar
20%
25
Holland
2,300
-J
49%
13%
13
76
'■
49%
*46%
29%
74%
22 %
22
22%
50
24
Sep
Dec
22 % July
Jan'
63%
160
24
31% Apr
Sep
Dec
82
preferred
Hollander & Sons
117
177% Apr
8 %
112
Hires Co
1,300
117
conv
4
22
/
Mar
20%
2
77% May
Jan
9%
Apr
Jan
99
Hinde & Dauch Paper Co
18
78%
2%
13%
13%
49
42%
3
2%
48 %
*17'/2
18
*
,*
preferred
*4
,'500
108%
26%
17
43%
16%
41%
7 7
22%
26%
78%
78%
77%
26%
49%
47
108
108%
108
79
22%
26%
26%
26%
78%
22%
22
108
108
47%
*46%
47%
22 %
*46%
29%
26%
Motors.*
2'
6%
30
» per share
share
2%
8
8
23% Apr
10
per
15
Feb
22% Jan
170
preferred
Hershey Chocolate:
400
*23%
48%
22%
117
100
*116%
51%
50
50%
22
22
22
*116%
~
48
48%
48
18%
21%
22%
21%
22
22
*116%
*17
18%
*17
18%
200
26%
48
*17
18
81%
127%
30%
*26%
48%
*17
131%
*77%
••
71% Apr
W).
Hercules Powder
6%
20% Jan
f
8% Feb
118
Mar 13
108
Co..
...
(G
Hercules
2.700
>
210
131%
80
*28%
26%
48%
48%
*17
.
*26%
26%
*48%
•
127%
131
Helme
11,000
88%
130
Glass
Co.
!%• non-cum
30%
87
80
29%
29%
29%".
29%
88%
*127%
130
Hecht
4'
Mar 26
6
Corp.
Mtg
Hazel-Atlas
530
6.500
t 100
,
i:
30%
X131
80
*78
78
*127%
132%
132
132
78
80
130%
*127%
30
30
132
133
*132
80
*76
Hayes
/■
29%
30%
88
A ;•
•<
77
,—
,L
*87%
29%
*127%
*76
*177
80
*76
*177
*177
.
111
23%
23
23%
22%
22%
80
110%
111
9% Jan
Hayes Industries Inc.
13,100
12 %
Highest
Lowest
,
t per shore
I per share
5,200
7%
Highest
Lowest
1944
Year
Range Since January 1
STOCK
YORK
EXCHANGE
Shares
$ per share
share
NEW
for
the Week
May 4
11%
11%
23%
*77%
80
*176%
*176%
$ per
$ per share
share
110
23
23%
*77
,
7%
110
22%
22%
*77
7%
109%
110110%
11%.
11%
6%
10%
"6%
f per
per share
Sales
Friday
Thursday
May A
May 2
May 1
Apr. 30
Apr. 2X
Range for Previous
STOCKS
HIGH SALE FRICES
Wednesday
Tuesday
Monday
Saturday
Monday, May 7, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2010
4% Apr
-
5
7'% Feb;
2
31% Jan
3
35% Jan
19
30
Jan
24
48% Apr
19
47
Jan
22
54% Mad-
12
Jan
^
4
29% Jan 24
123% Jan
:
6»% Jan
29
36% Jan
Feb'15
Feb
MarX
x31'%
Dec
17%
Jan
3iy4
Dec
38
Apr
49'% Dec
8
21
Apr
6
113
Jan
12%
Jan
20
>
31%
127
8'/a
Oct
Dec
Dec
4'A
Jan
Jan
2
1%
Jan
2%
Dec
22
45% Feb
20
15%
Feb
39'A
Dec
22
42% Apr; 16
29%
Jan
38%
Dec
30
2y0 Mar 26
35% Jan
15%
37
143
2
13'% May,
3
Mar.'
3
Dec
20'% Jan
3
7
18%
Jan
21%
Jun
17% Jan
22
19% Feb
28
17%
Dec
19%
Dec
51% Jan
24
64'% Apr
19
42
7% Tan
2
23%
9% Apr" 17'
"f
6%
39
53% Aug
Jan
'
Apr
Jan
8'% July
49'%
Dec
52
Feb
1
78
Jan
2
90
Apr
25
68'A
Jan
83 'A
Jun
78
Jan
3
91
May
4
67%
Jan
86'%
J»n
181
Jan
195% Apr
25
174%
Jan
38% Feb
21
47'% Mar 28
5
182
Nov
"
32
Mar 28
47% Jan
25
59 y8 Mar-
41% Jan
22
51
Mar
26%
Feb
32%
Dec
1
36
Apr
52
Dec
7
37
Jan
44
Dec
;
1
Volume
Number
161
THE COMMERCIAL & FINANCIAL
4383
NEW YORK STOCK
AND
LOW
Apr. 28
$
$
per share
$
share
per
23
23
23
33%
33%
33*1/8
33 y8
22%;
23V8
22
22%
78
7 8'A
78
22 %
23
Thursday
May 2
$
shara
per
STOCKS
Wednesday
May 1
22%
Friday
May 3
22%
*22%
Sales
$ per share
23
22%
33%
33 Vb
*32%
33%
33%
33%
32%
33
22%
21%
21%
21%
22%
22
77%
78
78
78
78%
78%
57'/a
57%
60
58%
60
59
59%
58%
59%
59
18%
19
18%
19%
18%
18%
18%
19%
18%
"*48%
49%
48%
48%
49
49'/2
491/2
50%
49%
50
49%
22%
22%
22%
23 %
23
23%
23
23%
23
23%
231/2
23%
174
174%
*173
176
,
176
■
Liquid Carbonic Corp—
No par
29y4Jan
2
—__1
19'/2 Jan
31
23% May
No par
73% Jan
22
80% Mar
Loew'p
4,000
49%
*174
19% Jan
4,000
19%
*174%
176
177
•
176
176
*173%
Inc—r
53
Dec
Jan
16%
Dec
2,700
Loose-Wiles
40'/2 Feb
20
50 '% May
2
28
Jan
44
9,400
:
Feb
8%
Lorillard
10
18% Jan
2
17%
Apr
20% July
60
26%
26%
26%
26%
26%
55%
55
55%
54%
55%
10,700
32
32
32
32
7 %
1,200
54%
Biscuit
Co
(P)
v-
preferred_j.
Louisville Gas & El A—s
Louisville
58
84
57%
58
>/4
34%
*108
34
110
Nashville
&
17%
17%
*171/4
*18%
18%
18%
*360
450
8%
'
6,400
100
*
18
18
18%
18
18%
8%
*14
14%
*K
*25%
261/2
3%
3%
41/a
r-/t
7%
7%
8 i/b
*400
450
450
'
%
"7%
14
14%
14%
14%
15
26%
26%
27
27
27
1,000
4
4
4
3,300
Marsrcaibo OU
8
7%
8
4
4%
4V'a
4
8
8'%
7%
8
7%
8
7%
:
8
6,600
1
Mandel
400
1
32,800
Bros—..,
'Marine
Market St
16%
16%
16%
16%
16%
16%
16%
510
21 Ms
22%
22 %
23%
22%
23%
23
2 3'/a
23%
23%
233/8
23%
22,800
Marshall
24%
25%
24%
25
241/4
25
23%
24
23%
24%
24
25 '/a
11,200
Martin
11
11%
11
12
11%
12%
121/4
13%
13
13%
13%
133/4
49,400
46%
46%
45%
461%
45»/4
46%
45'/4
45%
45%
46
46%
46%
4,000
Masonite
30%
31%
3iy4
31%
31%
31 %
31
311/4
*30%
31%
30 3/4
31%
1,200
Master
25%
25%
25%
26
26 VB
26%
26'%
26%
5,300
16%
•:
-
■
■
16
<
*16'/s
16%
Apr
30
151
1
Jan
Dec
165
Dec
20%
Jan
25%
Apr
30
Dec
Feb
148
Nov
Jau
48
24%
Oct
57% Mar 19
33
16% Feb'
17
,.10
30
19
110
1
19
Feb
34I/8
x26% Aug
104
Jun
27
22% Jan
3
Mar 28
Mar
135
2
14
7% May
10% Jan
3
Jun
May
Dec
19
Oct
Dec
22%
Jan
6%
8
Dec
38 i/s
108%
Jan
14%
315
50
—l
-
23
Apr
35% Apr
22
27
Apr
59
2
Feb
153 '•
16
24
No par
391
Apr
Jun
10%
Dec
par
14
Jan
17
15% Mar
6
10%
Feb
16
5
No
—
Corp..
24
Jan
20
27
May
3
18%
Feb
24%
3% Jan
2
4% Mar
8
2%
Jan '
4
7% Mar
9
8% Feb
20
6%
Jan
8% Jun
...
1
5
Dec
Oct
Aug
18% Jan
6
12 %
Jan
21
par
18% Jan
22
23% Apr
30
131/2
Apr
20
Dec
1
21% Jan
22
27% Mar
1
16'A
Jan
25%
Dec
131/8 May
3
4%
Jan
12
46% Apr 27
32i/2 Feb 13
371/4
Apr
51% May
prior pfd_j—100
6%
Rjr
Field
16
27% Mar
3
Jan
47% Jan
31% Jan
Exploration
Martin-Parry
16 %
28% Jan
147
106% Jan
.
Midland
2
—_100
.
Manhattan Shirt
8
176
Mar 27
No per
—
Square Garden
Magma ' Copper..
——
Mahoning Coal RR Co.
Manatf Sugar Co.
—
14
7%
—10
No par
: Madison
26%
„
4
•
1,100
1,900
26%
8%
*25%
3%
18%
18'/*
1*V8
8%
14%
26%
*410
450
*360
17 5/a
18%
18
18'/4
26%
*
35%
1093/4
18
*13%
•
34%
*109%
I8I/4
45 A
Macy (R H) Co Inc
4V*% pfd series A
351/8
Apr
23% Apr
4
52
—100
Inc__—
Trucks
60
'
,
Mack
Jan
23% Jan
50.
—
4,000
166
No par
new
Forbes—
&
preferred
58%
58%
109%
18%
*36*°
6%
34%
110
181/2
450
81/4
8%
"
*17'/4
18
18%
*360
>'
58%
MacAndrews
:
109%
34%
34
*109
110
*108
110
57%
59
57
34%
34
34%
*108
58%
58%
59
400
1
100
lJm
M
'
34
Dec
40%
t
__
81%
2
*26%
*32%
May
30
56'/a
*152
58
20y2 Mar
•26%
*152
Nov
7
22% May
6
55
34
Dec
23%
23
26%
*32
301/4
jun
Jan
561/4
*152
Jan
14%
15% Jan
26%
*151
19%
4
50
26%
321/4
13
No par
X551/2
32
Nov
No par
__25
57%
*151
341/8 Feb
Highest
t per share
17%
dtar Cement Corp
Long Bell Lumber A
26'/a
34
7
Lone
57
*31
$ per share
241/4 Feb
22
1944
Lowest
4,700
:
26%
*151
I per share
No par
•
Year
Highest
I per share
Par
-
Lockheed Aircraft Corp—j.
30,600
59%
19%
Range Since January 1
Lowest
Lion Oil Refining Co
'
19
Range for Previous
STOCK
•.
2,000
,
56%
YORK
EXCHANGE
900
23%
78%
77%
7Sy2
NEW
Shares
22%
21%
.
for
the Week
May 4
$ per share
per share
22%
'
2011
RECORD
SALE PRICES
HIGH
Tuesday
Monday
Apr. 30
Saturday
CHRONICLE
& Co
No
-15% Apr. 16
,
May
-
"
-
*187
25%
*187
35%
10.
*48
*21%
38
21%
>
25%
11
11'%
48'%
47'/2
48
48
48%
48%
*111%
48%
1,000
40
571%
:
25%
i-
241/2
38
*21'%
57%
25
107
107
21
21
21
*33
21
...
114%
*107
38
37%
38
37%
*2iy8
22
*21'/8
57%
57%
57%
25%
111 %
112%
*111%
112%
201/a
-
$4
111%
*111%
1123/4
10
19%
19%
195/e
193/a
800
Mar
19%
Jan
19% Jan
25
22% Mar
7
16
Jan
No par
39%
38'%
39
38%
39
38%
38%
38%
38%
1,900
18%
18%
181/8
18%
18%
18%
18%
18%
18%
18%
18%
19%
7,600
Mengel
59%
60
59 %
60
591/2
60%
62'A
1,270
44%
1,100
*59
60
45
43%
43%
*108
108
108
8
8
V
44%
43%
44%
44
8
44%
108
7%
13%
13%
104
*98
108
*107%
108%
107%
8
7%
7%
7%
100
61
*43%
43
43
44
*43
$6
7%
29%
x29%
30%
*43%
44%
43%
158%
158%
43'%
43%
158%
29
159%
*57%
18%
18%
2%
46%
*46
111%
110
*109%*
112
461%
29%
29%
57%
58
17%
17%
43%
58
17%
46%
159%
17%
46
17,%
3
46%
17%
5,400
2'%
110
*109
112
*109
111
112
*109%
112
*109%
112
*109%
112
*109%
111%
8
~8
8
*116
118
~8%
8
119%
*116
*116
'/■'
29
29%
29%
29%
*111
*111
'
1%
111%
~8%
8
28%
29%
8%
8%
V
7%
Power
Mollne
8,600
Minn
$6.50
29%
*1161/2
28%
4%
1193/4
3,900
Mission
29%
;
Corp
7%
7%
7%
7'%
7%
7%
7%
8,900
27%
27%
26%
27%
25%
26%
25%
26
25%
26%
26%
26 3/8
15,500
46
46
46%
46%
*45%
46%
45%
46
45%
45%
45
453/4
1,000
29%
29%
29%
29%
29%
29%
30
1,200
Monarch
96
3,200
Monsanto
30
30
8
7%
8
7%
95%
-
95%
*29%
29%
7%
95
94
95
95
95
115
*113
115
*113
115
*113
115
*113
115
*113
115
$4.50
*115
117%
*115
117%'
*'115
117%
*115
117%
*115
117%
*115
117%
Preferred
*111%
112
*111%
112
*111%
112
*111%
112
111%
111
61%
61
61% '
60%
96
951/2
111%
80
60%
61%
591/2
60%
60
60 %
60%
61%
12,300
*411/4
s.
41%
*41 »/4
41%
*41%
95%
41%
41%
41%
*41
41%
41%
41%
111%
*
300
(John)
40 %'
40%
401/4
40%
39'/2
40%
39%
401/8
39%
40 3/s
40
403/8
4,660
28%
28%
28%
29
28%
29
28%
28%
x28'/4
28 3/8
28%
28 3/a
3,200
26%
26%
26 %
26%
26
26%
26'/a
26%
25%
26
'
3,000
38%
391/2
38%
39%
39
39%
39
39%
39
39'/a
12%
12%
13%
13
13%
2,300
14,400
26
26%
38%.
/
*26%
27
*87%
89
*87%
*1131/4
114%
17 %
56 y2
*55
181/4
104
27
27%
27%
27%
89
89%
90
90
27
26%
27
88%
88% ;
89
114i/4
17%
-
56%
*55'%
^
'
.
104
*113'/4
t*
114%
*55
12'/a
*103'/a
*26'%
89
17%
18
13'%
103%
88%
26%
26%
114%
12%
103
103
103
*103'%
13%
12%
13%
12%
*1C2
1,500
900
■
Mueller
*114%
114%
18
18%
17%
114%
60
18%
114%
114%:
39,300
18%
18%
*55%
57
*55%
*55%
57
57
...
•
Dec
62 % May
4
37
Jan
55%
Dec
45
Apf 28
44% Mar
2
25
Mar
39
Aug
27
Jan
38
Dec
107
Dec
109
Dec
6
Apr
31Vo Apr
24
Jan
2
Mar 24
19
May
4
45
6
27'/a
Jan
6
1161/2
Jan
12
46
Apr
19V4 Feb
1Q
12%
Oct
2% Jan
4
Mar
471/e Mar
113% Jan
Mar
19
114
13
6%
5
93'%
Jan
8
17%
Feb
5% Jan
22
Jan
3
451/2 Apr
25% Jan
2
33
4
Feb
119
108% Feb 27
47% Jan
12
No par
.50
41
Mar 26
32% Jan
23
No par
5
1
21% Jan
20
May
.
18%
Dec
39%
Jun
Sep
Apr
25
74%
3
6 %
Dec
Oct
88%
Oct
111% May
2
117
Jan
114
13
Nov
119%
Sep
113
Aug
,
107%
Jan
17
41%
Apr
53%
Feb
21
35%
Jan
42
41% Apr
29% Apr
26
21%
Jan
35%
Dec
18
15%
Jan
24%
Jun
111% Apr
62% Apr
44
12
28 Vb Mar
1
16%
6
39% May
1
26%
9% Jan
6
13% May
1
4%
22
Oct
Jun
23% July
Jan
31% Jan
97% Mar 27
9%
111
Jan
23% Mar 27
preferred
Munsfngwear Inc
No par
Murphy Co (G C)
,—No par '■
4%% preferred.
i—100
Murray Corp of America
-10
Myers (P B) & Bro—
No par
Jan
Jan
19%
8
Apr
Dec
Dec
„
8%
29
30
Apr
Dec
Nov
2'A
9% Mar 19
31% Mar 19
36
Dec
112
Sep
30
Jan
16% Jan 22
.;—-J
No par
2%
46
107
31% Mar
Oct
114
113
116% Mar
114% Jan
$7
Oct
4
9
Aug
58% May
191/4 Dec
Apr
2
7% Mar 26
Oct
39
108% May
13
Sep
144%
Mar
221/4 Jan
,
96
class B
105
111% Apr 24
115
Co—
1%
36i/4
1
5
Dec
81/4 July
28% July
Sep
Jan
68
2
...—
23%
Maf
160
5
Corp
Brass
16%
109% Jan
105
May
27% Feb
Jan
8
x821/4 Feb
15
90
110% Feb
'
1141/4
181/2
57
70
105
104
104
Wheel
Motor
Mullins Mfg Co
Jan
79% Jan
Motor Products Corp
38%
8%
111% Jan
& Co—
Essex
&
4
—No par
B
Morris
19% May
110% Jan
preferred series C——No par
& Co
No par
$4
■
110% Jan
Montgomery Ward
Morrell
Nov
I—10
preferred ser A
series
38%
No par
Chemlcal Co
*94
*113
Apr
107
1% Mar 27
No par
Tool—
Mach
31'/8
1
42i/4 Mar 26
—.100
20
preferred series A
Carpet Mills
19
30
109
No par
Mohawk
30
—
94
Jan
15% Jan
1
No par
10
Impl
preferred
100
Jan
8,
9% Mar
26
—3
—100
—100
,..100
Mo-Kan-Texas RR
8%
119%
28%
29
preferred series C
preferred series D
Jan
70
4
No par
41/4%
13
82
23
3
112
Jan
16
7% Jan
24
vtc
27
106% Jan
Jan
~40
*114%
118
*116
118
3
Jan
1
*111
3
Jan
Oct
19% July
Apr1 24
x41 % Apr
33% Mar. 10
16% Aug
Dec
Dec
14% Feb
2
37
111
105% Apr'
Jan
53
B
Sep
35
35
Minn-Honeywell Regulator
4% conv pfd series B
40
109
103
Apr
101
137
Class
2,600
*111
109
13 7/8
3
100
2,500
46%
463/8
46-%
*109
104%
Feb
20% Feb
12
No par
cum
Apr
10
Jan
54% Jan
Nov
97
112
12% Mar 27
141/4 Mar 10
28%
Mar
16% May
94
Products
8%
600
*2
2%
"2
46%
58%
21% May
1st preferred
Steel
Midland
270
*57%
17%
28 i/s Jan
108
4
Minneapolis & St Louis Ry—No par
Minn St P & SS M A vtc—No par
700
44
1593/4
159
58%
8,900
30%
44
43%
159
*57
2%
*2
21/4
46%
*153
110
*109"%
*111
*29%
28%
43%
43%
159
21/4
2'/a
21/a
2%
46%
*110
44
159%
17%
y
18%
17%
291/s
28%
57%
158
59%
x58
59%
29%
55% July
98% Jan
Metropolitan Edison 3.90% pfd—100
Miami
Copper—.
——5
Mid-Continent Petroleum
1—10
2,300
8
Dec
Mar
17% Jan
,.*—5
Co
Oct
22
47
24
No par
Trans Co
Mln
&
Machine
'
30%.
preferred
1st
conv
140
107%
7%
5%
Merch
Mesta
32%
Feb
61% Mar
109% Jan
1
50
600
Apr
14
2
6
Corp—
(The)—..
39
Apr
23% Feb
27.
2
25
preferred
Co
25
Jan
13 i/s Jan
$5.50 pfd
100
,
>43
1073/4
108
Mead
3,800
.(
103%
*981/4
60
42%
43
14
*101%
100
59%
44
43
*42%
13%
13%
104
*101%
100%
*98
100%
44
'
108%
8
13%
*10iy4
100'%
44%
*44
43%
14'%
1041%
Apr
19% Jan
24
Apr
104% Jan
—100
.—10
preferred ——
McQuay-Norrls Mfg. Co
Oct
Jun
112%
52
No par
..—1
5%
29 '/a
21
Feb
.301/4 Jan
„
18
Inc
Co.
*391/4
100
101
104%
101
27
109%
5
40%
100
13%
*101 'A
14
13%
*1.011/4
44
July
110% Dec
106 %
1
40%
13%
104%
32% Mar
15
112
Nov
11% July
Mar
No par
series A
No par
ser B w wNo par
Melville Shoe Corp
1
13%
*101%
176%
Mar
35% Mar
—1
Stores
491/2 Apr
4%
4
15
preferred
McLellan
24% Dec
Mar
22
Elec Co
McKesson & Robblns
300
11.% May
29
Jun
16
.—100
7,400
4,500
4
170
16
*
40% Jan
Mclntyre Porcupine Mines
-
16
Mar
37% Apr-
110% Jan
27% Jan
McGraw-Hill Pub Co
253/s
118
Apr 20
Sep
29
May
19% May/
No par
McGraw
'*16%
35
25 %
—NO par
.——*
—1
—
Corp..i—
100
16%
20
*19'/2
preferred.
$6 1st cum preferred.
800
107
*105%
%'
-8% Jan
1,600
111%
112%
*lliy2
20
'16
12
———-No par
27% Feb
26
57
25%
107
"16%
16%
1.6
25%
*105%
106
106
15%
25
25%
24%
107
15%
4
23% Jan
22
57
27% Jan
176% Jan
McCrory Stores Corp—...
5% conv preferred w w
37%
*21%
26
par
No
—
McCall
114%
37%
37%
22
57'"
56'/2
$3
Mar
,—100
(new)—5
Wksr
Alkali
preferred
Maytag Co—
;
40
par
...__1
Co..
Elec
9% Mar 26
par
No
1,100
i
21
*107
No
2,900
34
21
21
114'/a
*107
2,700
f
—
323/4
34
22
15%
20
33%
*33
114'%
201/a
20%
*
*111%
*111%
33%
Corp
May Department Stores
11,300
15%
112%
20%
11
20%
22%
*105%
15%
*111%
10%
*107
57i/2
107
15%
10 »/8
33%
*37%
57%
24%
*105%
10'/a
*48
*21%
22%
57%
10'%
*1111/4
1141%
*1/11'A
"39
;•
36% *36%
10
34
21
21%
114'/g
22%
36%
481%
*33'/2
34
*111%
36
101/2
*1111/4
34
1%
f
__
36%
>
Co
Core
Mathieson
-
*187
*187
'
36
35%
48%
49 %
*111%
26
*187
36
35%
10 %
25%
26
*187
35%
101/4
35%
-
L)
(Glenn
1
115
May
,
Jan
Nov
Oct
Jan
25 %
Dec
Apr
33%
Dec
Jan"
10%
Oct
4
72
Jan
17
20
Aug
4
70
;May
4
110
Nov
13
Jan
5
181/2 May
1
87/b
Jan
5
55% Mar
8
43%
84
Nov
116%
Jan
4
Oct
24% July
Jan
53
100
Feb
14% Aug
53% Oct
V
N
20%
20%
20%
21%: r
21:
21%
44 %•
44%
44
44% 1
43
44%
25%
26
18
18%
26%
26
25%
181/4 ?'
18
44 f
*431/4
26'/4
181/s
18
21
'
213/4
22
44%
43%
26
173/4
11%
16
25%
194
*191
-A
>
*22%
<*
15 %
11%
11%
12%
12%
15%
I'
194
15%
15%
■
25%
25%
25%
*189
231/4
*22%
'
194
*189
'
231/4
151/4
15'%,:.
34%
341/2 'V
34%
34%
•151/4
"151/4
%
15%
15%
15%
30%
24
24i/2
*11%
•
*11%
43
42
42
15%
16
il05%
■
28%
<
•
28%
J
1051%
190
28%
160
*l90'/4
*
'♦159%
160
105
-
28% l.
189%
*■"'
•
*17%
-
159%
*17%
18
17%
17%
26%
26%
261/2
26%
26%
34%
34%
*34%
35 %
*34%
9%
9%
9%
9%
71
70%
71
-
National- Airlines
25%
!
9'A
71%
7iy2
16%
3,100
25%
2 5 3/4
7,900
191%
1911/2
100'
15%
16 %
25%
193"
24
-
*11%
11%
42%
41%
42%
*41%
151/2
8,500
31
9,800
24%
5,500/
"•23%
11%
•*11%
11%
-
16
16
423/0
42'/2
43%
105%
105%
,
16,200
106
28%
:
*
159'/2
17
X 28%
6,500
60
19a
159%
159%
159%
350
29
193
•'
*192
•
100
24,400 '
106'A
1061/4
-
29
194
i
43
16 :,4
16%
*190'%
160
*41%
42
13
•
"00
25%
26
25%
253%
25%
25%
2,100
35% '
34%
34%
35
35
34%
341/2
800
9%
'9%
9 V2
17%
18
71%
9%
72
*17%'.,
18
9% '•
9%
73
_
57,900
4,100
"
17%
16%
16%
16%
30
30
30
30
97
97%
.
6,200
17
16%
17
30 y4
98
...
.
9%
75
74
»
16%
18%*"*
*11
ll'/4
11%
18
18%
17%
*36%
37
*105
*75
79%
■
98
18%
18
18%
17%
11 'A
11%
11%
11%
*11%
17%
18
17%
37
*361/4
*105
108
79%
100%
18'/«
*36%
18%
37
101%
2,100
30
30
*77%
108
*105
80
*75
18%
18%
3,400
11%
111/2
4,500
Natomas Co—
Nehi Corp
78%
*105
108
*105
108
*75
78
77
77
*109
110
*109
109%
*108
conv preferred
preferred
prior
prior
11'A
200
*109
A St'l Cast Co
18%*
5,500
109%
No par
Products Co
-...4
National Power & Lt.—
No par
National Steel Corp..——-.-25
National Supply (The) Pa
—10
$2 conv preferred....
—.40
Nat Mall
National Oil
National Tea Co..—
18%
110
National Dept Stores—
5%%
36%
*109
Nat Dairy
6%
18 Ve
*108
Register..
110
109%
109
*108
f
100
109
50
109%
20
10
100
No per
No pat
——No
par
—.1
4% % conv serial preferred-^,.100
Newberry Co (J J)
.No par
5% preferred series A
100
New Jersey Pr & Lt Co 4%
pfd_100
Neisner Bros Inc.-—
n
Feb.
13% Feb
10% Nov
14
9%,
16% Mar 19
25% May
192
Apr
k
Jan
15% Dec
20% May
4
24
23% May 2
,
.
165
181
18"
Dec
Feb
8%
16% Mar. 13
24% Dec
,Mar
21
Dec
Jan
17i%
Apr
Dec
35% Feb
20
26
Apr
34
9
15% Apr
9
xlO
Sep
12
;
6
12% Mar
National
110
36%
108
National Can Corp—
930
18
110
101 'A
36%
110
2015.
%'
17%
*108
page
98
36%
*109
see
*100%
'
17%
108%
footnotes
100'/4
97
37
110
For
'
30
10%
31% Apr
Cylinder Gis Co
Products—-—No par
No par
0% preferred..
mJl0
Nat Distillers Products——No par
Nat Enam & Stamoing—.—No par
National Gypsum Co...
—1
$4.50 conv preferred.——No par
National Lead Co
—.—
-10
7% preferred A——
..100
6% preferred B—
—100
National Linen Service Corp.—-*-1
151%.
31
233/4
151/8
30%
15
30%
24
97%
181/2
No par
—1
Nat Cash
*
18%
JU
National Container—
26%
100%
23
13% Jan
4,400
-*
101%' 101%
201/2 Jan
—10
4,000
*159%
*100%
No par
15%
-
26
5
341/4
•
34
'-15%'
24
Jan
IS'/*
15%
13% Jan
23 % Mar
182
,100
33%
34
171/4
100%
Nat
preferred—.—.—.
Bond & Share Corp
800
194 '
71%
1%
8,700
*17%
71%
-
11% Mar 21
conv
151/2
-
1
18
6%
231/4
28% '.28%
159%
«
15%
97
18%
*75
105 »/8
Dec
13% July
13% July
23
*190%
'
19%
Jan
151/4
30'/4
102%
108
v
28%
Dec
9
23%
15
96
102%
*36%
105%
194ft
15%
Dec
18
6
9% Mar 26
23%
15%
•
41%
*41
^
201/4
2
12
2
16% Mar 27
—1
— —,
preferred.....
:—10
National Aviation Corp AAA—
National Biscuit Co—
-10
'
*
108%
6,000
1,900
30
30%
97
*109
5,900
4,100
17
16%
16%
29%
96 %
*105
(
18%
'
i
16
17% July
41% Dec
Jan
12%
30%
14%
23%
11%
Apr
Jan
13%
11%
15'%
30%
24%
42'%
43
15% r
106
28V4
*187%. 190
15%
30%
*11%
43
42%
*41
16
*104%
15 ft
23%
11%
28
1
123/4
15'%
14'/a
30 y8
:
11%
*11%
>
43
15%
25
.
30%
24'/4.
♦
42%
42»/«r
'-15%
30 'A
-
11%
*42
159%
26
"
301/4
May
Mar. 15
26% May
19% Jan
11%
34%
15%
'14%
22
45
20% Jan
12%
'
*
'
15% Jan 20
35% Jan 23
23%
34%
15% v
15 »/4
15%
St.
lP/s
*189
193
'•<
23%
:
151/8
15%
-
5
Louis—-.100
-————1
Corp—.
&
Co
%
15%
15%
251/4
iey8
25%
Acme
Nat Automotive Fibres Inc.
11
12%
251/8
Chatt
Nashville
National
*12%
11%
12%
:*22%
34
15%
11%
12% >
*1911/2
231/4
33%
11%
16 »/8
16%
25%
111/8
12%
■
13
1,380
18%
'
•'
11%
*12%
17%
Nash-Kelvinator
25%
18%
'*
17%
78,300
44
25%
'26
25%
21%
43
21%
21
4
15% Apr
23% Aug
14% Dec
Jan
31
24
May 3
xll% Feb
19'/* Jan
241/2 Jan
2
21% Jan
22
26% Feb
28
<13%
17
11%
Jan
35% Jan
22
43% May
25% Dec
Jan
11% Apr
12% Mar 14
30% Feb
37
Jan
2
13
Jan
4
102
Jan
5
24
2,
Jan
155
16% Jan
43
Apr
17
May
-
Jan
19
Jan
'25%
Jun
Feb
181
Dec
Jan
159
Dec
Dec
:
3
16
*r
20
17%
15
23
65,
Apr
75
15
Jan
18% Feb
/<
May
23
28%
Apr
34
5%
Feb
4
57%
Feb
70
28
11%
Feb
17% July
791/4
Feb
16
83%
3
22% Mar
6
sy8
Jan
3
121/2 Feb
24
181/2 Apr
18
13%
Jan
37
23
22
Jan
96%
Jan
10% Jan
10% Jan
15% Mar 26
30
Jan
22
103
Feb
6
66
Jan
4
107
Apr
105% Jan
99% Feb
104
Apr
28
108% Mar 12
78
Apr
3
110
Jan
26
4
108% Apr
28
23
,<
9
Mar
Jun
Dec
July
30% Mar
Jan
15
17
Jun
7%
24% Nov
Mar
92% Jan
22% Jtily
Apr.
33% Mar 16
27% Jan
,
Feb
10
97% Jail
Dec
14% July
104% Dec
Apr
37
7 % Jan
37
Feb
87%, Jan
164
27% Feb
33
Mar
141
Apr
18,
Jan
Jan
<
9
Dec
12
37% May
24
May
160
21
25
24%
Apr 28
Feb
5
29
190
4
26
4
4
28
Feb
4
106% May
5
177% Jan
i
"
95
Dec
98'/4
<
Dec
11% Nov
11% July
18% July
32%
Dec
105% Oct
~Jan
68
106%
Dec
110
1
Jan
104
Dec
108
*
Dec
56
Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
2012
T"efday
May 2
Apr. 30
f per there
*37
8 vet mare
s per
38
37
37%
37
23
23 V\
23
23%
22%
18%
18%
18
18
17%
*109
110
*109
110
49
49
49
50
26%
27%
59
26%
59%
135%
25%
27%
59
57
133
*48
34%
33%
21%
23
51
*48%
165
23
165%
23%
48%
165
165%
23
22%
23%
58
134
36%
24%
13,100
17%
17%
4,600
Newport News Ship A Dry Dock
1,500
$5 conv pi eferred.
New York Air Brake—
*109
25%
23
120,600
58%
134%
170
45
200
239
1,930
N Y
109
Jan
35%
Apr
19
23%
19% Jan
28
62
Y
SMpbldg Corp part stk
1
32
Jan
28% Jan
Jan
Dec
Dec
29%
24% Jan
Dec
8
23% May
2
Mar 26
4
11% Jan
18% July
26
3
30% Jan
44%
50
Apr
170 -i May
162 i Mar 26
19% Jan
Dec
35%
118
Jan
39% Jan
2
17
41
Dec
Dec
50% Aug
15% Jan
24
60
4,800
97
15
27% Apr
62% Apr
No par
44
12
135% Apr
85 non-cum preferred
44
110% Apr
51% Feb
9
Mar 22
22
New York Dock—«....——.No par
N
July
18%
21% Jan 22
N Y & Harlem RR Co_.
21%
Dec
22
103% Jan 23
Central——
6%
90
170
21%
Jan
35
Jan
No par
100
York
N Y Chic & St. Louis CO
200
238
22
109
No par
Apr
16% Apr
13
27%
28
24% May 3
18% Jan 11
16% Jan 22
-No par
2,500
500
39% Feb
22
18% Jan 25
Highest
t per share
t per share
I per share
share
Jan
Lowest
.
preferred series A———100
City Omnibus Corp
No par
New
2,900
■
33
1
48%
48%
170
Vs
1,800
Newmont Mining Corp.
Newport Industries.
34%
23%
34%
23%
49
21%
27
57%
133%
23
170
51
26%
27
58%
134%
34%
34
110
50%
50%
*46
22%
22
23%
*49%
58%
167%
167%
1,300
36%
50
*46%
48%
165
9 per
23%
23
*22%
Lowest
'
Share»
f per share
110
*109
134
34%
34
23
50%
165
26%
57
133
34%
21%
49%
25%
26%
57%
34%
109%
EXCHANGE
Year 1944
Range Since January 1 v
Highest
STOCK
NEW YORK
24%
17%
17%
49%
the Week
36%
36%
23%
17%
*109
134
22
24%
17%
49%
34%
34%
*21%
36%
23%
18
110
49%
135
59
133%
135%
*109
f per snare
36%
37
,23%
Sales lot
May 4
May 8
9 per snare
share
Friday
Thursday
Wednesday
May i
Monday
Apr. 28
Range for Previous
STOCKS
LOW AND HIGH BALE PRICES
Saturday
Monday, May 7, 1945
129-
:
Dec
198% Jun
Jan
24% Mar 14
2
14% Jan
23%
21
33% Jan
47% Sep
Dec
'
44
*42%
230
230
*122
*43%
235
231
234
24%
*55%
24
55
55%
55%
55%
10%
10
23%
24%
55%
*55
*122
123%
*122
123%
24%
44
*43%
9%
*108%
*55
56%
56
9%
10%
27%
28
236
123%
23%
123%
*124
24%
124%
24%
10
24%
23,700
Mar
19% Jan
53% Jan
6
53% Jan
16
*55
56
56%
1,300
9%
9%
9%
9%
10%
10,900
North American Aviation—.
50
105% Jan
27%
51,100
17% Jan
*108%
*108%
27%
*112%
*108%
26%
26%
25%
27%
113
*112%
112%
112%
112%
160
31%
30%
31%
30%
31%
32
33%
33
33%
14,100
49%
48%
48%
48%
48%
49%
49%
210
7%
*7%
49%
7%
7%
7%
*7%
7%
7%
7%
1,200
51
*50%
51
14
14
13%
14
111
*108%
110
*108%
51
13%
13%
13%
*13%
13%
110%
*108%
110%
*108%
110%
13%
*109
!-:>
51
51
♦50%
-
«.
51
51
110
1,500
Northwest
Airlines
Northwestern
1
—
Northern Central Ry Co
49%
113
preferred series
preferred series.
—No par
...
Telegraph
50
.
Norwalk Tire & Rubber
No par
50
Preferred
Norwich Pharmacal Co
Oct
54%
Dec
1
7%
Jun
11%
100
Oct
Dec
22%
Dec
Jan
115%
Apr
17% Jan
37% Feb
31%
112
3
35% Mar
106
Jan
xl3% Jan
28
Apr
1
50%
Dec
Dec
Jan
11
8% Feb
6
jari
10
4%
40%
Jan
53
Oct
3
14% Feb
19
12% May
16
Jan
12
6% Jan
111% Mar
7
104% Nov
109
Dec
52
2
Mar
54
17
12% Jan
107% Jan
56
Jun
116% Mar
Apr 11
pfd—100
Dec
Jan
51%
28
4
26% Mar 27
2.50
15% Jan
52
6
108% Mar 29
112% May
50
Dec
19%
Mar
56
9% Jan 20
46
Dec
122%
Jan
11% Mar
31
112%
Northern Pacific Ry
——
-100
Northern States Pow $5 pfd-iVo par
9%
10
6%
5% %
218
116% Jun
193%
4
2
24% Apr 17
58% Feb 23
9
27%
56%
300
113%
14%
May
124
*55%
31%
14%
239
8
2
55
49
*50%
2
Jan
55%
48
50%
Jan
121
10
North American Co.——
219
50
50
pfd
55%
31%
50%
non-cum
55
114%
7%
Adjust 4%
55%
31%
7%
Western Ry
Norfolk &
44% Feb
37% Jan 20
56%
47%
*7%
5
100
100
56
113%
112%
Noblitt-Sparks Industries
*55
56
25%
28
235
24%
23%
24%
%
123%
*122
123%
44
*43%
236
234%
235
*108%
*108%
27%
44
*43
44
7
Jan
July
'
O
♦109
111
19%
19%
19%
19%
28,400
29'/a
28%
29
11,200
Oliver Corp.
111%
111%
111%
111%
14 y8
19
18%
19%
19 Vs
19%
19'/a
19%
29%
28%
29 Ve
28%
29%
28%
29
*111%
111%
111%
112
14%
14%
113%
113%
17 y8
♦110
17%
26%
26%
111
14%
14'/a
14%
113%
113%
17
17%
16%
113%
16%
26%
27%
14%
14%
14%
113%
17%
113%
113%
1
17%
20%
*162
27%
162
162
27%
14%
*113
17
27
27%
*162
27%
7,400
Otis Elevator
68%
30
*23%
24%
*23%
24%
*23%
24%
*23%
24%
*23%
24%
*75
78
*75
78
*75
78
*77
78
*77
78
68
67
67
67
67
07%
68%
15
15
13%
54
13
45%
128%
6%
47
6%
13%
*13%
54
53%
54%
28%
28%
37%
38%
37%
38%
52
51%
52
28%
47%
46%
28%
128
128
169
*168
6%
6%
20%
19%
20
6%
7
6%
7
19%
19%
20
19%
20
15%
*15%
15%
15
15%
30%
109%
30%
*109
5%
5%
30%
109%
5
■
.
64%
109
30
19%
*19%
03/4
6%
7
9,300
Pacific Gas
1,700
46%
128
j
3,100
190
65
Packard Motor Car__
87,000
Pan American Airways Corp new 2%
Pan-Amer Petrol & Transp
5
30%
29%
30%
30%
30%
30%
30%
109%
*108%
109%
109%
109%
*108%
109%
190
5%
53/s
53/4
5%
*04%
53/4
5%
5%
33,300
*65
*109
65
65
67
*109
*109
*64
66
<109
100
1
10
preferred
59,700
5%
5%
——100
Pacific Western Oil Corp
400
'
6,300
300
66
"
*109
10
No par
Panhandle East Pipe Line—
5.60% preferred
Panhandle Prod. & Ref
100
1
_
Inc
Parafftne Cos
4%
No par
23/8
4,000
preferred—
100
Paramount Pictures Inc
1
Park & Tllford Inc ex-privilege
1
Park Utah Consolidated Mines
1
30%
30%
30%
30%
31%
31
31%
31%
313/4
31
31%
5,800
Parke Davis & Co
*25%
25%,
25%
25%
25%
253/4
25%
25%
*243/4
25%
25
25%
1.300
Parker Rust Proof Co
8%
8%.
21%
8%
8%
8%
8%
8%
20%
21%
20%
20%
67
67
67
*66
68%
114
114
v
ii
'
30%
30%
30%
30%
30
30%
30
303/s
30%
30%
41
41
40%
41%
40
403/4
40
40%
40
40
2%
2%
2%
2%
2%
30%
21
*66
112
8
112%
26%
26%
26%
25%
15
.
112%
26%
15
14%
15
4%
4%
*65%
67
*24%t
25%
65%
38.%
77
Patino Mines & Enterprises
68%
68%
70
70
70
114%
115%
114%
115%
115%
116%
6,200
25%
26%
26%
27 Va
11,100
14%
4%
*4%
*66
68
25%
25%
''
14
14
47/a
67%
25%
4%
14%
4%
67
4%
68
*25
67
26
*25
1
700
5
67%
'
'
*112
"
38%
38
38%
39
*37%
39
39
39
39
400
*78%
79%
78%
78%
78%
79%
900
17
*16
17
16%
16%
17
17%
600
Peoria
23 Vs
23%
23%
23%
23%
23%
44,700
35
35%
35%
36%
36%
36%
3,900
113
113%
37
37%
37
37
113
113
*16%
173/4
99
99
99
29
28%
*107%
9%
9
24
36
113%
99
*27%
108
113%
99
29%
*107
107 %
9
9
:
96
*27%
9%
"■
'
38%
38%
34%
:■/,
38 Va
38%
23%
28%
*107% 108
*16
■
99
*27
*107
'
~
38%
38
38%
*112
114
99
97%
29
*27%
1077/a
9
97%
29
*112
V/
38%
39
38%
38%
*37%
113
98
*27%
.
25,400
2,300
600
113
98%
900
29
200
*107
107%
*107
107%
*9
9 Vs
9
9'/a
70%
70
71
28%
28%
28%
28%
62%
62%
62%
62%
62%
110%
110%
110%
25 %
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
13,500
27%
27%
27%
27%
*119%
27%
27%
27%
27%
27%
27%
27%
1,500
10%
10%
24
23%
24%
24
24%
24%
24%
9,400
28%
62%
27%
28
27%
28
27%
28%
13,500
61%
62%
62%
62
62%
890
110%
110%
110
110 %
460
23%
121
36%
*119%
54%
13
*27%
121
121
110
*119%
121
35%
36
*119%
121
109%
110%
110%
111
111%
*110%
111
*110%
17
*16%
120
*112%
120
*112%
54
53%
/
120
x53%
54
*16%
111
*110%
16%
*15%
*112 Va
120
*112%
53%
54
53%
*12%
12%
*12%
27%
27%
27%
111
16%
120
54%
*16
*112%
53%
12%
12
35%
54%
12%
*12%
111%
HI
16%
12%
36
111%
*110%
17
*12%
38
10,800
111%
17%
600
12%
*107%
108 »/a
*107
108 %
*107
108%
*107
108%
*107%
135
*117
135
*119
135
*117
135
*117
135
200
108%
*117
6%
•
*6%
6%
,
6%
on
6%
85%
*8%
86
85
86
84
85
9
9
9
9
9
90%
90%
•91
92
.91
91
19
19
19
*185
*202
*100
*100
19%
18%
*185
206
•2Q2
7%
7%
10
*9%
55%
55%
79
79
*30%
31%
*187
15%
*85
86%
24%
24%
*27
28
202
84
:
8%
*90%
19 yB
7%
7%
7%
9%
9%
9%
*97
104
'54%
55%
54
55%
79%
79%
77%
30%
78%
*30%
31
15%
30%
*187%
15%
86%
87
24%
25%
24%
25%
27%
27%
*27
85%
8%
92
19%
*96
53%
*77
28%
15%
28
.15%
28
28
*6%
86
6%
88
8%
8%
*90%
92
18%
19
*185
104
28
6%
88%
*8%
*91
19
89
>
1,400
2,500
8%
600
J
170
19%
2,200
92
~Io
*96
104
*96
54%
54%
55%
54%
78%
79
78%
29%
29%
30
*187%
15%
*30
55
:
79%'
2,180
270
30%
1,000
16%
2,400
*187%
16
16
*85%
86%
86%
87%
88
88
24%
25%
24%
25%
25
25%
80
10,600
27%
*27%
16%
*16
16 y2
4,500
20%
•20%
20%
12,600
*20Ve
20%
*19%
20%
*20
21
*20
20 %
01
*59%
63
*60%
62%
*60
62%
200
58%
5,500
H0}| noil
50
56%
11022
For footnotes
see
page
2015.
57
11022
Dec
July
Jan
109
Dec
23%
Jan
30
27
Sep
37% July
1%
Apr
2%
26%
Apr
Feb
23%
18%
4%
Jan
Dec
Dec
31% Aug
Jun
8% July
4
93% Feb
4
13%
Apr
24%
Jan
8
9%
Jan
17% July
5% Feb
8
2%,
Jan
16
13
2
62
Jan
73 y2 Jan
3
37%
10
26% Mar
Mar 26
19
19
16
Feb
Mar
113
5
Nov
Dec
Aug
57
*11022
57%
112
112% Jan 15
33 % Jan
57%
*110
58
Jg- 112
58%
113
Apr
18
x70% Nov
May
37% Mar 28
40
Jan
29
30% Jan
39% Apr
19
21%
79% May
55
19% Feb
4
13
Jan
69
18
Jan
6
14% Jan
23
4
18%
Dec
22%
3~2~
Dec
J an
70 y4
Dec
5%
Jan
17%
200
Dec
22 y8
Dec
26%
Dec
19% Jan
2
38% Apr 24
10 y4
Jan
19%
Dec
92% Jan
19
20
54%
Jan
96
Dec
23
33%
Jan
,65 y4 Dec
|28 ya July
116
Apr
100% Apr
2
Apr
6
106% Jan
5
Jan
2
9% Feb
28
9% Jan
2
11% Mar
3
No par
Brewing Co
Jan
—
2
,Jan
5
Dec
26
63
100
Jan
21% Mar 27
26
2nd preferred
112
33%
25% Mar
39
2
100
-.
110% Mar
-
8
23% May
23% Mar
29% Mar 17
108
105%
Oct
7
Mar 22'
Sep
107 y2 Nov
1
7% Jan
9!/4
Jan
10
July
1
65
Feb
1
24% May
4
75% Feb 13
40%
Dec
25
Jan
23
29% Mar
1
20 y2
Apr
Feb
71
Phelps-Dodge
Corp
25
Philadelphia Co 6% preferred
50
$6 preferred-.
No par
Phila Electric Co. com
No par
26%
Dec
57
Jan
25
63 y2 Mar
19
49%
Jun
59%
106% Jan
2
Apr
17
88 y2
Jan
108%
Dec
21% Jan
2
25% Mar
7
Jan
25
Jan
2
28 % Apr
16
May
23% May
21%
X119% Apr
9
122
31% Mar 27
38
New
Pfizer
& Co Inc,
preference com.
4.4%
preferred
Philco
~1
—
iChas)
$1
No par
—J 00
3
Corp
Philip Morris & Co Ltd
——10
90
Jan
1
4
111% May
4
82
Feb
96
113
11%
Feb
16%
preferred—100
No par
Phoenix Hosiery—-.————5
111
25
————No par
Pittsburgh Coal of Pa———.—100
6%
Pitts
preferred
——-100
Coke & Chemical Co—No par
Mar 29
Apr
30
120
Mar
x98
8
2
55
Mar
Jan
23
13
Feb
3
25
Jan
28% Mar
6
107% Jan
108% Feb
28
42%
6
11
preferred————-No par
—.——. 1
Chic Ry———100
preferred,
——100
t5 conv
Pittsburgh Forglngs Co
6% Apr
24
~8%
Jan
Feb
26
94
Mar
8% Mar 22
85'/a Jan
15
15% Jan
31
7%
preferred class B—_.—100
6%.preferred class A_—.——100
5%% 1st ser conv pr pfd—100
Pittsburgh & West Va„.——.—100
Pitts Young & Ash pfd_
—100
Pittston Co. (The)——
—1
Preferred
—-—100
»
9
Jan
Sep
Apr
190
99
Mar 10
49% Mar 27
68
Feb 20
21
Jan
2
28
July
105% Nov
108
Dec
7%
1
61
92%
7%
Apr
10% Nov
Mar
7
68%
Feb
90
11%
Jan
96
19% Apr
24
205
Apr
27
9
Feb
19
10% Mar
103
Jan
58% Jan
79 y2
1
11
3
Apr
30
32% Apr
23
Dec
Nov
17
Dec
171
Mar
183
190
Aug
17
2
Feb~23
May
25% Apr
28
4
30
Apr 27
12 % Jan
16% Jan
22
21 Va Apr
—5
5% conv 2d preferred——.——50
Procter & Gamble
-No par
17% Jan
30
20% Apr
27
27
50% Jan
22
63
27
16% Apr 24
Apr
Mar 27
60% Feb 20
1101J Mar 16
120% Jan 19
55
Apr
4% Jan
6%
82
45
Apr
Sep
Sep
57% May
11% Jan
175
17%
88
17% Jan
pfd (ser of Feb 1 *29*——100
Dec
Jan
19
24% Jan
5%
Nov
10% Feb
15% Jan"l9
74% Jan
1st preferred
Oct
July
Feb
23%
Jan
Pocahontas—-No par
No par
1
conv
Oct
48% July
14% July
5
Poor & Co class B—.—
5%
117
2
Pressed Steel Car Co Inc
Pond Creek
Oct
July
164% Jan
5
—
Plymouth Oil Co.
Dec
6
17% Jan
44% Jan
82
119%
37
6
preferred
Apr
Jan
20
.
117
19
26%
24%
14% Jan
Pillsbury Mills Inc—
Apr
19
4
107% Feb
Phillips Petroleum-
111
May
preferred ————-100
Phillips Jones Corp—.
No par
4%
7%
104
19%
57
5%
61
103
27 Vb May
2
16%
112
114"% July
Jan
116% May
2
27%
5«%
Jan
9
4
20%
*11012
Jan
2%
45
10
Jan
16
m———
109%
Dec
8% Jan
28
56%
6% Aug
19% July
Dec
6% Jan
20
1
Jan
*8% Feb
6
59 y2
Pittsburgh Steel Co——No par
16
112
Sep
Dec
Apr
Pitts Screw & Bolt————No par
*27
1
3%
17%
51%
1,800
16%
5«%
12% Feb
3
4,900
20%
%9semm
16
12
2
19
6
6
5
3
20
28
.
7% July
May
7%
16%
*11011
6
4
70
5
9%
20Va
61
7
Jan
20%
7%
16%
61%
163
4%
17
Apr
9%
*200
20%
61%
123%
Jan
15%
7%
16'/a
64
Jan
Jan
Apr
15
12
9%
20%
*01%
4
Dec
25%
313/4 Apr
Mar
5% May
67% Mar
109% Apr
31% Mar
45% Mar
27/8Jan
32% Mar
27% Feb
93A Feb
24% Mar
5
7%
16 >/a
21
12% Apr
Dec
149
113
6% Mar 8
'18% Jan 22
Mar
Dec
117%
7% Feb
21% May
17% Mar
16
108'A Jan 17
27% Mar 26
323A Jan 22
2% Jan 24
29% Feb
1
21% Jan
Dec
48
7
22% Mar
Jan
Jan
35 y8
30
Pitts Ft Wayne &
20%'
*20%
8
3
29% Apr 26
108% Apr 23
4% Mar 20
21% Jan
25%
Jan
25
Apr
Dec
Jan
Jan
17%
Mar
47 %
2
16% Mar 26
13% Jan 31
56
Apr
Jan
42%
129
3
Sep
13
48%
Pitts C C & St Louis RR—-100
!
6%
16
21
16% Jan
5% Jan
14%
Jan
30
4
24
.No par
preferred
5%
Pet Milk Co
$4
20%
*20%
Mar
Jun
168% Apr
7% Jan
38% Mar 27
121% Jan
3
6
64
393A
3
38% May
9%
78%
15%
1,300
*185
*200
7%
9%
*187%
15%
86%
*83
6%
*185
7%
9%
104
28
*200
202
7%
*187%
*15
i
*6%
9%
,
104
19%
*185
205
*27%
Pepsi-Cola Co ———— __33 %c
100
Pere Marquette Ry Co
100
5% prior preferred
1%
6,000
135
*107%
3,800
100
111
27%
108 Vs
*117
6%
..
*119%
110
110%
*110%
120
121
111
35%
111
53%
110%
36%
111
*12%
111
*61%
35%
110%
*ii2y8
1,300
36%
110
16%
11
36%
108%
16%
27%
10%
-100
Ry Co_—
Pfeiffer
10%
10%
Eastern
2,500
*10%
10%
&
4%%
69%
10%
—
Petroleum Corp of America.
10%
10%
—
3,000
10%
35%
100
5%
78%
38
24%
*119%
-No par
-No par
Glass Sand Corp
32 % Apr
Jan
.
Dec
Sep
8%
39
Mar 17
52"% Apr
160% Jan
10%
15% Mar 17
60
Sep
—
75%
'
*112
39
24
*27%
par
78%
24%
25
.No
$7 conv pref ser A
Penn
Feb
3
106
Penn-Dixie Cement
2,100
55%
.
Aug
157
.
5
2
par
Airlines
2,200
400
26
Jan
Mar
Dec
24 %
25
64
14%
Apr
May
Jan
48
59
2,900
14%
18
147
34% Jan
par
Corp.—1
10
Penn Coal & Coke Corp
Penn-Central
20
.No
.
Co
Penney (J C)
2
11% Jan
45% Mar 9
24
Jan 24
.No
Penlck & Ford—.
39
:/ 38 y8
38 Va
24%
*9
9,800
No par
—10
78
17%
115
Parmelee Transportation
77%
38
v
—.
*16%
*113
3,400
*38%
39
77
■
38%
38%
38
*38
8%
20%
14
2.50
8%
20%
26
No par
8%
*8
203A
14
conv
preferred
50
Pennsylvania RR
—
Pennsylvania Salt Mfg Co— —_10
5
Peoples Drug Stores Inc
100
Peoples O L & Coke (Chic).
38%
*37%
23/8
25,900
2.700
*67%
115
*112
2%
42
20%
25%
•■■'v.. 25%
2%
31 %
40
21
26%
*66%
25%
■'
*112
2a/s
4%
•
66
*24%
*112
2a/a
14%
4%
4%
2%
30%
•
16
24% Apr
30
13% Jan
Apr
26
163
26
22'/a Jan
Oct
11% July
Dec
108
Apr
28% Feb
2
Jan
2
No par
Pacific Mills
Pacific Telep & Teleg
1,800
7
23 y4 Jan
15% Mar.
25
20%
21%
15%
28
155
Oct
108 y2
99% Aug
8% Jan
28
17% Apr
3
Pacific Tin Consol'd Corp
20%
115% Feb
69% Apr
No par
17,400
*15
4
22
2
& Electric
7%
6%
15
Jan
13% Jan
28%
Dec
8%
5
Jan
Co
168%
6%
107
16% Mar
20% Mar
Sep
105
113% Mar 14
58
B
Pacific Lighting Corp
730
2
79
preferred non-cum
No par
2nd preferred non-cum—No par
*20
20%
15
29"%
38%
51%
3
11% Jan
15%
23% Nov
7
1st
Coast
106% Jan
28
23
Feb
10
Pacific
24
74
Pacific Amer Fisheries Inc
590
7
7
19%
1,700
360
127%
20%
15
15
Co
*168
7
19%
19
*143/8
Owens-IUlnols
14
20% Feb
29% Apr
Mar 27
12.50
2,000
Glass
17
24% Jan
par
No
67%
108%
110
65
64%
109
30 %
6%
—100
2.50
Co_
Outlet
54%
46%
128
168%
63/4
-
29'A
38%
51%
46
*127%
*168
19%
-
15%
45%
128
168%
No par
preferred
Outboard Marine & Mfg
■
■
6%
54
28%
29
37%
38%
51%
51%
6%
63/4
19%
45%
45%
403%
128
»168
20
6%
15%
51%
169
6%
20
12%
53%
*15
15%
128
*168
6%
20
29
14%
12%
15
13%
15%
13
53%
38%
127%
169
*53
07%
66%
67%
52%
37%
*52
46%
128 %
*168
12%
54
28%
37%
52%
14%
13
*52%
28%
37%
52
15
*14%
13%
53%
28%
40
•"
24%
*75
8,800
114%
27%
163
1,300
300
14%
17
*16%
163
163
17
111%
14%
113
113
-No par
—
,
No par
4%% convertible preferred—100
Omnibus Corp (The)
6
8% conv preferred A
100
Oppenheim Collins
10
80
.*23%
.
26%
163
*161%
4.40%
Co
Ohio Oil Co
X28%
18%
28%
112
Edison
Ohio
8%
69
16%
Nov
Jan
6% July
9% July
100%
Dec
61%
Jan
73
Dec
22 34 Aug
175
Nov
14%
Oct
May
83% Nov
Sep
19 % July
19% Jan
25
May
8%
Apr
13%
Dec
11%
Apr
18 y2
Dec
11% May
18%
Dec
35% May
52% May
55%
Dec
116
Mar
59
July
121
July
•
Volume 161
Number 4383
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday
Apr,. 28
Apr, 30
» per share
20%
Tuesday
May 1
Wednesday
STOCKS
Thursday
May 3
May 2
| per than
20%
20%
• per
20%
20%
20%
20%
20%
Friday
20%
20%
s per
share
share
8
per
Sales for
May 4
share
the Week
$ per share
20%
NEW
>
106
106
106%
108
108 %
109%
108 %
109%
108 %
109 %
107 %
112%
112%
112%
113%
112%
113%
112%
113
112%
Range for Previous
Range Since January 1
Lowest
113%
1,100
-
Pub Serv Corp of N J—
■
$5 preferred
820
6%
118% 119
119%
120%
120
122%
122
122%
122%
123
122 %
123
1,170
7%
135y«
135
136
136%
138
136%
138%
136%
138%
137
138
670
8%
preferred
116
115 %
115%
*115%
135%
U6
*115%
*115%
♦115 %
116
116
*115%
116
53
83%
52%
54%
53
54%
53
63%
52%
53%
53%
54
18,800
J20
19%
20%
19%
20%
19%
20
19%
20%
20%
20%
32,700
Pure Oil
♦111%
113%
•111%
113%
*111%
113 %
*111%
113
*111%
106%
107%
*107
108
26%
26%
26%
30
•
Puo
£»i
oti
66
u»s>
pro $5
.
102% Feb
17
par
*111%
113%
*107%
108
26%
26 %
26%
26%
26%
26%
26%
2,500
6% preferred
100
5% conv preferred™.-.—-.—,109
Purity Bakeries Corp.——No par
17
16%
16%
16%
16%
16%
16%
1§%
16%
1,000
Quaker State oil Ref Corp.
May
138% May
115% Apr 26
47%'Jan 22
No par
no
—
107%
1,100
3
3
3
113%
106
123
121 % Jan
26%
106
1
4
107%
107%
113% May
Jan
26%
107
16
30
110
no par'
,
per share
21% Apr 17
109% May
2
100
(The)
8 per share
2
100
—.
Pullman Inc
19%
:
*
Jan.
Jan
118
• May
23% Jan
Highest
t per share
Jan
87% Jan
96
18%
Dec
18%
Dec
Jan
109%
Oct
Jan
113% Nov
113% Jan
122% Dec
104 'A
20
'113% Nov
37% Jan
52 % July
21
111% Mar 26
106
13%
54% Apr 30
24
Jan
1944
Lowest
106% Jan
No par
J.00
.
preferred
preferred-
17
No par
Year
Highest
I per share
Par
13,900
108
112%
'
YORK STOCK
EXCHANGE
Shares
20%
112
2013
7
14%
Sep
18
9
109%
Jan
115(4 Nov
6
103
Mar
115% Apr
108% Jan
4
119%
Feb
Mar
Jan
108%
Dec
19% Jan
24%
Oct
12% Jan
16% Aug
8% Apr
69% Jan
7% Apr
80%
6
20
85% Jan
107%
2
27
Feb
8
15% Jan 22
18
Feb
16
Q
♦16'A
17
*16%
f
.11
•
i
R
ii y4
12
11%
12
11%
12
11%
11%
11%
11%
11%
12
*84 y2
85
84%
84%
84 y4
85%
85%
85%
*84 y4
85%
85%
85%
700
8%
8%
8y«
8%
8%
8ya
8%
8ya
83A
25,100
94%
95%
94%
95%
1,210
38%
♦38%
8 Vs
8%
*94
94%
94
94%
*37%
38%
39
39
18%
*36%
94
8
94%
94%
94%
38%
*38 y8
39%
86,000
Radio Corp of Amer_
-No par
$3.50 conv 1st preferred.. .No par
Radio-Keith-Orp'
6%
18
18%
17%
18%
17 y4
17%
17%
17%
17 y4
17%
6,300
36%
18%
37
36%
36%
36%
36%
36%
36%
36%
35%
36
1,800
27%
26%
27%
27
4,700
Reading Company
♦38
39
.
200
28
28%
28%
26%
26y2
26%
47%
47
47
47
47%
48
48
48
48
48%
48%
800
4%
non-cum
44
44
44
44%
44%
44%
44%
44%
44%
443/4
443/4
1,200
4%
non-cum
27%
•
12%
12%
122
*116%
12%
12%
123
*116%
*12
12%
123
12%
12
26%
12
*12
123
72%
*72%
73%
73 y4
73%
72 Vs
73
72
74
74
21%
21%
21%
22'A
*21%
22%
22%
22%
22%
22%
223/4
22%
*28%
26%
*100%
26%
23%
28%
29%
26%
101
26%
♦100%
26%
26
23%
*107
109
*109%
15%
110
23%
*107
28%
28%
26%
26%
101
*100%
27
25%
23%
22%
108 %
*107
109% 109%
15%
16
28%
28%
26%
27%
108
26%
*100%
26%
26%
22%
23%
15%
15%
15%
15%
15%
105y8
105%
105%
105%
*105%
105% 105'A
19%
20 y8
19%
103%
103%
103%
103%
103%
103%
102 y4
18%
18%
19%
19%
19%
19%
18%
34%
34%
33%
34
33%
34%
*38
39%
19%
*38
20
39%
*38
39%
400
263/4
5,200
26%
1,100
9,000
23%
23%
108
110
109%
28%
101%
26%
108
110
109%
15%
15%
19%
19%
102%
*102y8
19%'
19%
19%
33%
33%
33%
33%
'
20
/
500
6,500
106
19%
'
46,000
110
153/4
1053/4
106
23%
108
*1093/4
102%
19%
103
2,400
26%
26%
*107
109%
105% 105%
19%
19%
♦27
300
19%
4,100
103
120
19
19%
33%
34
2,700
11,100
Motors,
lac
19% Jan
43
.50
36% Jan 31
.
39%
39%
*38%
39%
39%
20
19%
19%
19%
18%
19%
19%
19%
*19%
19%
2,100
Rheem
12%
12%
12%
12%
12%
12%
12%
12%
12%
123/8
7,300
20%
21%
22
22%
23
24
22%
*21%
22
21%
21%
"
7%
*7%
8
*!s'2
7%
7%
21%
22
22
22%
22%
22%
22
22%
37%
37%
37%
37'A
37%
37
37
19%
37%
19%
20
20%
20%
21
20 y8
20%
453A
45%
45
45%
44
43%
22%
22%
22%
22%
22%
22%
22%
44%
223A
*112% ii3y4
*112%
113%
7%
7%
22%
*7%-
7%
22%
7%
7%
3,700
1,000
22%
38
38%
20%
20%
7%
22%
38
*37%
20%
203/4
3,600
1,400
17,100
,
15% Jan
IT
129% Feb
82% Jan
27% Apr
11% Jan
16
18
87% Jan
2
106
24
5
14% Jan
.10
31% Jan
No par
No par
Roan Antelope Copper Mines
Royal Typewriter.—
... III
Ruberold Co (The)—.
—No p at
1
Rustless Iron ti Steel Corp
...
Nov
18
Feb
24
Dec
23%
Deo
14% Apr
99% Nov
16
Aug
21% July
105
Dec
102%
Dec
Apr
63
Jan
10
Jan
5
Mar
8
2
21% Mar
6
2
35
Jan
6% Jan
20% Apr 24
106
85% Apr
8% Jan
28
Apr 23
39% Jan
12% July
88
Dec
16%
Dec
100
Dec
15% July
35% July
39% Nov
Jan
15
36
May
20% Feb
7
13
Jan
19%
2
13% Feb
28
2
24
8% Feb
13
Jan
17%
6% Jan' 22
19% Apr
18
87
16% Mar 27
.33
Feb
16
Apr
99% Jun
37% Mar 13
.10% Jan
16% Jan
11%
May 3
Apr 23
110
:
'2
...1
Co
27% May
Dec
Dec
6
Jan
Dec
85%
2
4
1
155
Mar
3
Jan
13
Jan
109% Mar
22
15% Jan
Jan
50% Jan
8% Apr
19% Jan
98
Dec
1
102% Jan
par
.100
Dec
x83% Mar
104% Jaii
..
Dec
42%
36%
24
30
100
par
.100
21%
57/s
22% May 4
29% Apr 18
102
Dec
Jan
90
2
9
July
27% Jan
32%
14
2
3
22% Jan
22% Jan 22
5
99% Jan
Dec
18
34%
par
.100
-10
——.
Mfg
Feb
Feb
3
Richfield Oil Corp
Rltter Company —
Common
12 V*
28
29% Mar 19
48% May 4
44% May 4
13% Jan 27
5
Dec
Jan
33%
Jan
20
24
15% Jan
—
19%
Jan
28%,
July
10% July
19% Feb
11% Jan 22
17
Apr 30
12
37% Apr
.
—I
Republic Steel Corp
No
6% conv preferred—.
6% conv prior pfd ser A——
Revere Copper 8c Brass—No
5 % % preferred
...—.—
Reynolds Metals Co
—No
5%% conv preferred
—..
Reynolds Spring.:
Reynolds (R J) Tob class B
12.%
Mar
116% Apr
70% Apr
.100
—
19%
Mar 26
Feb
39
30
.50
99
2
.50
_
12%
15
16
Preferred with warrants—.— ..25
Reo
2
34% Jan
—8
,
.
Jan
34% Jan
100
(Robt) 8c Co 1st pfd—
Reliable Stores Corp.,
No par
Reliance Mfg Co
.10
...I
Remington-Rand
19%
39
91
Rels
Preferred
5
17
.29
Real Silk Hosiery.
123
*1003A
26%
101
23%
108
*107
109%
16
20
*27%
26%
100%
26
24
-
28%
26 y8
100%
rH o o
♦116%
12% Feb
'87% Apr
9% Feb
—1
—
300
75
123
*116%
2
15
7% Mar 26
No par
1st preferred
2nd preferred
340
12%
♦116%
72%
10% Jan
78% Jan
—1
100
conv
*43%
*12%
...
preferred..
Raybestos Manhattan.
Rayonler Inc
:
$2 preferred
*38
*47
*117
^um
8% Mar
1
22% Feb 23
25
Mar
6
14% Jan
46
23
7
Apr
1
Oct
11% July
Dec
5% Apr
17% Jan
Feb
21
22
37
May
39
10
Mar 26
18% Jan
,
9
Jun
24% July
34% July
Jan
23
Feb
'
113%
113
.9%
59
110
*108
9%
93A
59%
9%
93A
59 y4
573/8
10
112%!
S ill. 93/4
573/8
22%
22%
22%
3,200
9,500
1123/4
112%
112%
740
*109
47%
110
*108%
473/4
473/4
58%
9%
24,200
37,900
9%
9%
9%
93/4
110
473/4t
57
*108
110
*108
473A
58
110
*473A
111%
*119%
111%
1083A
1083A
1083A
170
243/8
4,200
7%
800
111%
*109%
111%
*109%
111%
*107%
1083/4
*1073/4
108%
108%
108%
*108%
1083A
*109%
*108%
24%
243A
24%
24%
24%
24%
24%
24%
7%
7%
7%
7%
7%
7'A
7%
7%
106%
107%
7%
106%
107%
213/s
213/8
*109%
114
1063/4
1073/8
106
106%
21%
213/s
114%
*109%
83/8
106
213/4
21%
*109%
21
114
8%
8%
8%
8%
8 3/8
21%
21%
21%
22
213/g
22%
91 %
91%
91
913/4
913/4
92
106%
8%
♦109%
21
91%
8,300
—
133/4
13%
13%
75
75
75%
*74%
14%
14%
14%
14%
14%
14%
14%
14%
14 V*
14%
61%
62
62
65 y2
65%
67%
653A
653A
65
65
65
65
28%
28%
28
28 »A
28%
28%
28
28%
28
28 3A
28
28%
6%
6%
6%
39%
40
40
34%
343/8
343/a
*34
63/8
39%
6%
6%
39%
40%
39%
343/4
34
6
40%
34
*34
6
6%
13%
13%
*33%
4,900
8,800
3,400
35
*33%
343A
3,000
750
40 >.
39%
8,100
300
6%
6
6%
40
39%
133/a
76
*74%
7-6
200
16%
17
16%
17
16%
16%
16%
16%
16%
16%
16%
17
34,600
51%
51%
51%
51%
51
51%
50%
50%
51%
51%
51%
52
17%
17%
17%
is y8
17%
18%
*17%
17%
17%
17%
17%
17%
2,500
3,000
22%
22%
*22%
23
*22%
23
23
*22%
•22%
23
*22%
23
20
72
72
71
72
68
71
67
67%
68
70%
31%
31%
31%
31%
31%
31%
31%
31%
31%
69%
31%
70%
31%
16%
17%
16%
17
18%
17%
16%
17
16%
17
17%
17
4%
4%
4%
4%
4%
4%
4%
22%
22%
22%
22%
22%
22%
22%.
41%
41%
41%
41 %
41%
41%
41
156%
156%
156%
30%
30%
30%
30%
30%
30%
20%
20
20%
20
20%
20
*19%
20
46%
44%
45%
44 %
45%
44%
46
45 %
47
45%
46%
45%
46%
45%
79
77%
77%
78
76%
78
78%
4%
22%
42
42
*155
•
46%
20 %
46%
46%
47%
46%
79%
79%
J 78%
*84%
88
*13%
*85%
13%
13%
7%
7%
7%
87
86%
86%
13%
13%
13%
13%
'7%
*12%
13
*12%
*85
7 J/4
13
90
88
36%
36%
12%
*85
36%
37
7%
7%
22%
23%
10,400
3,400
41%
42%
2,400
.
4%
4%
156%
41%
157%
30%
30%
30%
30%
20
87
'
.
13%
7%
*
7%
7%
37%
7%
13
12%
13
12,100
300
37%
37%
37%
37%
37%
29%
29%
30%
1,600
7,300
30%
29%
30
29%
29%
29%
29%
*59%
60%
59%
59%
60
60
60
60
59%
60
60
60
*56
58%
58%
*56
58%
56
56
*55%
56
55
55%
50
15%
15
15%
15%
15%
16%
16%
16%
90%
33,700
1,770
44%
2,100
14%
*85%
44%
*62%
64
*110% 112
33%
33%
*114%
86%
115
88
88%
88%
89
89
89
89%
44%
44%
44%
44%
44%
44%
44
44
44
115%
*115%
116%
115%
115%
•116
117
116
116
280
63
300
109
20
110%
20
*62%
*108
*110%
64
110
112
64
♦109%
*110
64%
110
112
*62%
110
*110
64%
110
112
64
63
*109
110
109
*110
112
110
*62%
8 %
No par
Southern
No par,
100
Railway
non-cum
—
preferred—
Mobile & Ohio
stk tr ctfs—_,100
Spalding (A G) 8c Bros Inc
Sparks Withington
Spear 8c Co.
.1
.No par
1
;
—No par
Spencer Kellogg & Sons...
No par
Sperry Corp (The)
1
Splcer Mfg Co—
No par
$2 preference series "A"
No par
Spiegel Inc
3
$4.50
preferred.
No par
Square O Co
1
5% conv preferred—..
100
Squibb (E R) & Sons——No par
$5 pref series A—.—.No par
,
—
$4.25 preferred
Standard Brands,
No par
——
11% Sep
5
72
78% Mar 10 "
Oct
61%
Dec
8
20% Sep
J
May
24% Apr
28%
23
31%
Sep
Dec
Dec
28% Mar
5%, Mar 21
8% Jan
17
32% Jan
2
41% Apr
30% Feb
1
343/4 Apr 26
17% Mar
Mar 26
23 '
10% Feb
18
26
16
42%
22
.6
23'/a Jan
Jan
23%
Jun
22
77
Feb
29% Feb
54%
Dec
Jan
3
35
Mar
7
23
Apr
31%
Dec
2
12
Jan
14% July
4% Jan
3
17% Apr 24
5% Feb
1
3% Jan
5% July
21% Dec
21
Mar 26
40 Va Apr
155
46
165
26% Jan
17
Jan
Jan
45%
162
Dec
22% Apr
9
26%
Oct
141
Mar 12
3
18
13% Jan
24
23 %
Jan
20
14% May
8% Feb
20% Apr
46% Apr
32% Jan 22
64% Jan 22
5
24
6% Mar 27
Dec
69
Dec
82%
Dec
Nov
13% Dec
4% Jan
7
34%
Jan
Jan
12
3
Jan
54
7% Aug
•
7% Jan
2
15% Mar
9
Jun
Feb
75
Dec
May
22% May
35
Dec
36% Jan
48
Sep
13"%
Dec
5% Jan
1
87% Apr 25
55
28
27% Jan 24
37% May
31% Mar
47% Jan
60
80
.32
Feb
2
Mar 27
12
55
Apr 24
12% Mar 27
76% Jan
9
37% Jan
10
111
Feb
6
58
Jan
20
109
110
28
4
7
Apr 16
56
May 2
167/s May 4
6
113% Jan
Jan
Sep
111% Apr
108
May
27% Dec
5
3
1
2
67% Jan
Standard Oil of Calif—
38 'A Jan
2
44% May
4
34%
33% Jan
2
38% May
64% May
3
31
21,900
Standard Steel Spring
75
74%
79%
89%
44 V*
90%
89%
90%
44%
37%
38
37%
38
37%
38%
38%
62%
63
62%
63%
63
63%
63
22%
22%
*127
11
11%
♦37%
72
73
22%
135
22%
127%
22%
11%
37%
37%
11%
37%
72%
71%
71%
20%
14%
15%
19%
*19 %
X20%
21%
15%
11
19%
92
*126%
132
21%
44%
38%
-38%
38>/8
38%
63%
63%
64%
38 Ve
64%
64%
22
21%
21%
22y«1
135
21%
*125
132
,
*125
10%
11
10%
11%
37
37%
*36%
37
*36 y2
26%
71%
20%
71%
71%
71%
72%
73
21%
20%
21%
20%
21%
15
Starrett Co
900
8,900
700
14%
15 y8
14%
15%
19%
19%
19%
19%
19%
19%
♦19%
12%
12%
13
29
7,300
(The)
8tewart-Warner
10
1
L 8—No par
Corp
13%
13%
13%
13 %
12%
13%
12%
12%
12%
28
27%
29%
28
29%
28%
28%
28%
29
29%
42,800
Studebaker
*62%
64%
600
61%
63
124%
6%
6%
13%
25
13
25
120%
footnotes
see
61%
62 *
124%
*124%
6i
126%
62
♦124%
61%
126%
*124%
126 y2
124%
124%
70
6%
6%
6%
13%
13%
13%
6,900
11,300
25
25%
116% 118
9,500
5,600
62
6%
6%
6%
6%
6%
6%
13%
13%
13%
13%
13%
13%
25%
25
25%
24%
122%
119
121%
118%
page
2015.
25
119%
25
118
25%
118
24
21% May
4
118% Jan 24
9% Jan
22
35% Jan 20
16
2
Jan
22
10% Jan
2
18% Jan
2
—
110
85 % 'Dec.
4
23% Apr 18
137
Feb 13
12
Feb
38% Mar
73
.
Apr 12
Mar 27
Mar 26
Jan
Jan
Dec
67% May
Jan
17% July
13% July
Deo
9% Feb
19
15% Feb
7%
20
12%
Apr
Dec
13% Apr
20 y4 July
54
Jun
64
Oct
121
Jan
128
Oct
7% July
7y« Jan
9
5%
Feb
14 y2 Apr
16
5%
Jan
27% Feb
14
17% Jan
10% July
25% Dec
122% Apr 30
66% Nov
84y«
•
3
Deo
liy* July
37% Dec
11%
127% Mar 24
6
lie
61
6
124
Jan
58% July
28%
2
Apr 25
Feb
34%
50% Sep
6% Jan
21% Apr 30
15% Apr 24
197/b Mar
39% July
Sep
Sep
110% Sep
14
29% May 4
62% Apr 27
79
Sep
40% Feb
4
23
33% July
116
2% Nov
19
2
9
Deo
92 7A Feb
18% Jan
Mar
113
4% July
74% Dec
57% Jan
10
Feb
July
Feb
.1
Mining Co
——10c
Superheater Co (The)—No par
Superior OH of Calif—
23
Dec
115
33%
14
—
Jan
Dec
64%
19
No par
Corp (The)—
79% Nov
38%
115
Feb
80
107/a Jan 24
No par
Class A pfd (4%% cum)—100
Sunray OH Corp..
_1
Sunshine
Jan
20
—<
Sun Oil Co
61%
56
62% Jan
Webster
27%
78% Jan 23
10
—3
—1
—
Stokley-Van Camp Inc
5%
prior preferred
Stone 8c
—.25
.—.—100
Sterling Drug Inc.
19%
15%
preferred
300
22,000
15%
15
Standard Oil of New Jersey
Standard Oil of Ohio new
4%%
132
11%
10%
No par
25
Standard Oil of Indiana
Jan
57
114% Mar 16
23
Jan
33% Jun
110
May r4
64% May I
May
May
29% Nov
50% Feb
90% May 4
45% Apr 24
116
7% May
75%
17% Aug
Dec
40%
35'A May
114% Mar
*75
Dec
43%
477/»Apr 25
80% Apr 25
87% May 4
20
38% Jan 31
11% Jan
Jan
30% May
2
80% Jan
20% Dec
28% Jan
23% Mar 19
4
Apr 20
2% Jan
78
Jan
18% Jan
13% Jan
48% Jan
30
111% Jan
78
Apr
Sep
13% Apr
7
19% Mar
Apr
7%, Deo
35 %
35
7
54% Mar
.
—No par
78%
Oct
15%
48% Jan
Standard G & E Co $4 pref—No par
$6 prior preferred,—
-No par
$7 prior preferred—.
No par
77
76'A
3
700
♦74
Jan
9% Jan
67% Jan
59% Apr 26
25% Mar 27
20
59,200
1,600
6,100
21,100
13,000
27,100
11,700
—-Nopar
Dec
9
15% Feb
6%
44%
For
14% Jan
Apr 30
13% Jan 23
113%
92
25
78% July
14% Mar
6%
44%
116% 120%
18% July
Jan
113%
85*%
6%
12% Mar 27
Dec
7%
.
24% July
May
35%
Inc
Dec
106%
8
114%
$4.60 preferred
Feb
63%
6%
17,900
Jan
25% May
8% Dec
13
34%
35%
110
1
114%
35
Jan
Jan
7
May
7%
44%
13%
7.50
Southern Paclfio Co
Nov
23% Mar
1
—
115
92
75
15
Feb
16% Feb
113% Mar 17
10% Feb 14
3
22% Mar
Southeastern Greyhound Lines—5
84
6
86%
124%
9
6
44%
124%
998/a Mar
2%
Dec
45% Nov
20% Sep
5%
86
,*61%
108
19
5%
43%
*19%
174
Feb
8% Jan
8
1073/8 Apr 19
22% Apr 18
5%
44%
15
Jan
28
34%
86%
21%
111
114%
86%
21
1
2
South Porto Rico Sugar—
37% Mar
,
3
2
.1
Apr 17
109
15% Jan
South Am Gold & Platinum
109%
113% Jan 29
8
Jan
Dec
Jan
5
Mar
78
Sep
105
34%
43%
39
7
Deo
4
23
114%
44
73
108% May
23% Jan
9%
39%
34%
86%
*38%
Feb
Jan
114%
75
11
112
Feb
7
30
34%
43%
135
48
May
5
114%
34
86
22%
J
x42%Feb 23
41% Jan
No par
Smith (A O) Corp:
—10
Smith & Corona Typewrlter.No par
Socony Vacuum Oil Co Inc
15
Conv
111
Jan
Iron—20
8c
$1.20 preferred
5%
4
106
——No par
1———15
h
Steel
Dec
10% Feb
114%
33%
75
*128
Sloss-Sheffield
Dec
*114%
5%
5%
87%
15%
700
115%
44%
110
*108
14%
86
115
115
*56
15%
Sinclair Oil Corp.
Skelly Oil CO—
$5.5) preferred
88
♦85
29%
30
Simmons Co——— —.No par
iSimopds Saw ft Steel—.. —,.No par
1,900
5,600
88
15
Silver King Coalition Mines—.—8
46%
14%
7%
Shell Union Oil——
—
78%
14%
*85
Sheaffer (W A) Pen Co.
No par
No par
(Frank G)
38%
115%
60
..1
—
27% May
110% Jan
2
17% Mar 26
No par
Sharpe & Dohme
$3.50 conv pref ser A—No par
Sbattuck
38 yt Jan
18
23% Apr 17
115% Mar 9
112% Feb 15
8% Apr 27
16% Jan 22
...
Southern Natural Gas Co—
14%
*12%
No par
Jan
21% Apr 13
112% Jan 17
8ya Mar 27
..——1
Inc
$4.50 preferred
1,000
13%
13
Servel
35,100
16,300
320
88
-<-9
20
87%
*12%
—No par
$4 preferred
Seaboard OH Co of Del— —No par
Seagrave Corp
s
Sears Roebuck 8c Co.
46
30%
30%
240
87%
*85
..No par
No par
3,900
...
87
12%
Scott Paper Co
—
$4.50 preferred—.
No par
preferred
——100
Southern California Edison
25
157
157
87
88
37%
1,700
22%
157 %
*155
77%
*86%
*85
35%
157%
*155
4,800
53,000
4%
45%
47%
31%
*19%
45%
4%
22%
preferred
—.5
Savage Arms Corp.
Schenley Distillers Corp —3%
—100
5%% preferred..
Shamrock OH & Gas
13%
13
100
No par
Sharon Steel Corp....—
$5 conv preferred---—No par
190
75
*74%
5
—
—
2,900
13%
13%
__
5%
5,300
143/8
76
.10
Safeway Stores new
8%
92
76
13
St Joseph Lead
213/8
8%
*91
14%
13%
*74
1,200
14,300
114
21%
91%
:
21%
213/s
213A
91%
;
1073/a
106%
*109%
8%
8%
8%
*7%
114
21
20aA
*91
24
21%
21%
21%
114
*109%
48
48%
*110
25
110
*47%
48
112
7%
60
*108
58%
*109%
*243A
46
443A
44%
22%
113>A
56%
44
112%
*
58
473/4
*47
44
■
Feb
CHRONICLE
THE COMMERCIAL & FINANCIAL
2014
Apr. 28
Apr. 30
9 per there
«
per thare
f
May 3
May 2
May 1
v per
per thare
27%
28
33 %
32'/4
321/4
*281/2
29
33
100
*32i/a
331/s
*32 %
21%
215'e
*20%
21'/4
201/2
20'/a
201/4
201/4
20
20
32%
32 %
32 «/4
32%
32%
32%
32%
32%
32%
35%
36 3s
37
38 '/e
37%
37%
37'/2
32%
37%
37
37'/4
37
37%
32%
321/a
32%
32%
32'A
33
32
32'/a
32%
32%
32 '/a
33'/2
9%
9%
9'/4
9'/a
9%
8 ','8
9%
91/+
9
8%
9%
*8%
9%
8%
8%
*8%
9%
*8%
*54i/4
55%
*54'/4
55%
*541/4
55'/4
*7%
54%
,73/4
*8%
9'/a
*8%
55'%
*54%
*73%
73%
73%
13
13
13%
54%
55
54%
55
7%
8
8%
5,400
Texas
4,200
42
22
221/4
21'/a
22
2IV4
21%
21'/a
21%
21%
22%
22
22%
10,700
14%
14%
14%
15%
16 Ve
153/4
151/8
15%
15%
16%
16
163%
37,200
40 3%
41
40 3/4
41%
40
41
38%
161/4
16'/B
16'A
15%
16%
513/4
*9'/4
9%
9'/4
1
■
139
♦133 '/a
139
*133%
*97%
99
*97%
99
*97%
99
55%
55
55
*54 '/8
55
55
56
*56
13%
13
13%
*12%
13
121/a
12%
121/a
13
12%
14%
143/4
15
*14'/4
15
141/2
14'/a
*14'%
15
14 >/8
141/8
52
511/4
51%
52%
52'/4
43/4
4%
4%
35
35
35
35
35
341/2
341/2
19%
19%
19%
19%
193/4
19%
19%
19%
19%
105%
105%
1053/i
105%
105
1053/8
393/8
39
59»/4
38%
39
39'/4
105
1051/4
105
11
11'/a
11%
11%
11
331/4
323/4
33%
23
2 2'/a
22%
22%
22%
21 y4
*22
6%
108%
12
6%
211/4
29
28%
7
63/4
109
"104 '/a
291/4
*104%
4,140
39%
3,000
39%
55%
56
preferred
conv
Tlmken
5,400
22
22
22
6%
63/4
109
113/4
11%
211/4
21%
104%
*1043%
28'/4
283/4
113/4
213/8
21%
104%
28%
63/4
109
1091/4
28%
353/4
35%
35%
35%
35%
'103%
104%
*1033%
1043/4
1043%
11 »/2
11%
11%
11% .113/4
11S/8
1221/2
1221/2
17%
17%
173/4
18%
17%
62%
62%
62%
631/4
15%
16
16
16 «/4
91 %
92'/a
921/4
92 %
480
$6
Truax-Traer
2,900
Tubize
200
105
28%
8,100
20th
*113«/4
115
*113'/4
353/4
113/4
120
118%
118 Vz
17%
18
17%
18
63
63
16%
17%
12,200
union
Bag & Paper
931/4
7,400
Union
Carbide &
No
110 %
112%
17%
63%
63
63%
63
631/4
•161/4
15%
16
153/4
17
921/4
93
99
92%
921/4
92%
*1101/4. 112
114%
*1131/4
;
112
114%
*1131/4
$1.50
7 %
6,300
Twin
Coach
»'
«
112
*
1141/2
*114%
115
70
24'/4
24'/4
24%
241/4
24%
8,800
1283/4
129'/4
128 '/4
1283/4
3,400
*109'/2
110
*109%
110
*1091/2
110
109'%
1095/8
1095/8
109%
109%
311/2
313/4
31%
31%
31%
31%
313/a
313/4
31%
32%
2,000
301/4
293/s
30
29
29%
283/4
29 »/8
283/
.291/4
283/4
108%
30
108%
22,800
37%
38%
21,300
*125
363/4
127
*123
130
"107
108%
107
35%
*125
,
,
*106%
""
107
35'/4
36
36%
*124
129%
107
107
35 3/4
127
127,
Dec
56
Jan
30
43
Jan
54
55
May
2
Jan
12%
371/4
128
128%
Jan
2
Mar 15
22
Apr
6
Mar 26
.
128%
500
251%
26
73'/2
*72
29»/2
25
731/2
291/2
*28 '/a
1%
1%
13/4
43'A
43%
433/8
25
*25
*112
25%
114
*112
113
114
112
112
112
733/a
*72
73
72
29%
*283/4
73%
733/8
29'%
*283/4
1%
43%
43
25%
29%
,
25
13/4
43%
19%
ya¬
25'/4
rn
*111
72%
*28 3/4
1%
431/4
l3/4
1%
42%
1%
44
25%
72%
4%
,5%
United
73
900
29%
7,000
14,700
191/8
193/4
19%
19%
19'/4
19%
203/a
108
1061/4
106 %
106 y4
1061/4
*1061/4
1061/4
106%
15
Jan
2
24i% Mar
Jan
Jan
2
13
*11%
12
11%
11%
11%
11%
11 1/4
11%
11%
11%
*79
80
*81
81%
80
81
79%
79%
79
79
79
79
19%
Biscuit
Dec
38
Dec
43%
Apr
52 %
Aug
9
8%
Jan
11%
Dec
4
17%
Apr
29
Dec
8
12%
Jan
23
25
56% Feb
16
11% Jan
351/8 May
3%
20
85
109% Mar 15
13% Jan
Feb
18 3/4 July
/
51/4
Dec
Jan
8%
17
1051/4
Dec
Jan
11%
Nov
15% Mar
25
21
29% Apr
19
21%
102
20 %
Dec
Dec
22% Apr
106% Feb
IO21/4
Dec
Feb
28%
Dec
28%
13
85
5%
125
Feb
26
68%
Jan
3
19% Feb
16
8%
Jan
16 '/4
Dec
64% Apr
17
51%
Jan
66
Jun
91/4
36% Apr
Jan
351/2
Jan
105 »/4
Dec
Jan
9%
Dec
118
17% May
4
Feb
15 %
931/4 May
4
76
Sep
82 3/4
117% Jan
23
113
Feb
119
Jan
29
109%
Feb
115
116
1
17%
Sep
93%
Jan
100
100% Jan
24
109% Apr
26
29 % Jan
27% Apr
19
33% Mar
25
32% Jan
11
110% Apr
18
5
106%
100
Dec
Dec
25% Mar
Mar 20
100
No
Co__
No
Drug
No
:
Dec
92%
104
Dec
Jun
:* 30
Nov
25%
-
Feb
26
8
Jun
100%
331/4
110%
Feb
Nov
Sep
22
38 % Ma y
4
22%
Apr
36%
Dec
128% May
3
102%
Jan
1233/4
Dec
.
-
.
1
'!■
Mar 22
Apr
Jan
6
110
Mar
731/2 Apr
23
61
28
22
Jan
24
par
66
Jan
2
26'%
iy4
38%
15%
Feb
1
29% Apr
par
<
Jan
2
Jan
2
2
Jan
22
Apr
44% Mar
28
16
1%
31%
Dec
Jun
70% Julv
28
Oct
1% July
Apr
42 i/b
Dec
Apr
171/2
Jan
■106%
Dec
Feb
117/b
Aug
45 %
Apr
78% Aug
8
4
12%
Feb
6
Jan
11
95%
5
13% Feb
3
Jan
5
81 % Apr
27
13% Feb
20
20% May
114
Jan
7
9Ve Jan
5
24»/2
May
Jan
No par
20% May
26
114
111
Co
Oct
Dec
22
22%
par
No par
Corporation
preferred
$3
Jun
Jan
118
100
Co
203/4
118
Dec
Nov
31 Ye Jan
10
preferred——
Carbon
United
1,100
19%
July
109
15
40'% Apr
7% Feb
17
Jan
Jan
100%
1081/4 Jan
Mar 22
Dec
Feb
13
7
Oct
5% Aug
34
28
Inc
United
800
12
19%
20% Mar
Jan
18% Mar
Apr
Unlted-Carr Fast Corp
29,900
12
191%
2
5% Mar
37% May
130
preferred
conv
United
100
1%
43%
5%
*
.
13% Mar
49%
24
Corp„
Lines
Air
4'/2%
20
1%
1%
433/4
Jun
Jan
22
preferred
conv
United
1,800
113
Dec
11%
20% Jan
preferred
non-cum
United Aircraft
600
v
July
32%
109 '/4 Jan
:
Union Tank Car™
600
Dec
15% Mar
Jan
Mar 28
Jan
3
Mar 21
Mar 27
May 3
Jan
3
Feb
2
Nov
531/4 Mar
•
43%
*28 3/4
29%
*
255/s
41/4
151/8 Mar
Jan
"V
25%
*112
2
-
109%
31%
35%
10 3/4
25
Union Pacific RR Co
108%
Apr
100
Union Oil of California
129%
363/4
7
—No par
24%
1291/4
109
par
Union El Co of Mo $5 pfd—No par
Preferred $4.50 series.,
No par
80
.
24%
361/a
19
115
14% Jan
—No par
Carb
1293/4
29%
Dec
11% Feb
93/4
19
100
Corp
241/4
*107
94
u
Underwood
1.600
128%
31%
122
Oct
27
1
130
241%
Jan
81%
Feb
No par
Co—
1291/4
243/8
92
16
13
No Par
Rapid Transit
preferred—
130
24'/4
16
106% Jan
No var
Twin City
60
,
pi*>ferred_
prior ptd
$4.50
100
V
1,800
128%
24'/8
28
3
58% Jan
14 V4 Jan 24
78'% Jan 24
xllO% Apr 27
Jan
8
113
No par
92%
17%
*1131/4
No par
104%
15%
114%
1
100
Corp
35%
113/4
17%
110%
Film
*11%
353/8
104% "
63 %
112
;
Corp.-—.
Fox
*103%
"118
120
1101/4
*110i/2
par
preferred
Cen
■-./
112
*No
Corp*,
Rayon
4% %
20,800
1
No par
preferred
1,700
5
No par
Trl-Contlnental Corp
12,900
Jan
July
Apr
18Ve
5
103
10%
18%
101%
26'%
34'%
104%
9%
No par
2
Bearing
Transue Si Williams St'l
2,700
.'
Roller
5%
Dec
.
Feb
.26
10
Transamerica Corp
Transcont'I & West Air Inc—
36%
*110i/2
,
58
Apr
16%
105
34 Ye
50
10
No par
Axle_.
Detroit
24% July
Feb
12
Jan
3
45'% Jan 23
4Ys J an
2
31
Jan 22
Water, Associated Oil— —10
$4.50
Tlmken
2,600
11%
21%
120
105 %
105
,
$3.50 cum preferred
Tide
-9,100
1043/4
121
11,800
11%
11%
120
19%
Jan
100
13
No par
No par
N( par
35%
*1031/2
1211/2
193/4
Products
11
11%
*121
Thompson-Starrett Co
1,800
34%
104%
36
Thompson
5,200
12%
50'/4
139
52 % Jan
;
25
,
34%
*lli/2
36
(J R)__
111/8
*1031/2
36
Thompson
10
24
3
55 ' May 2
10% Jan 11
par
2,100
55%
109
105
28%
28%
50
16%
35
8
9% Mar 27
10
preferred—
Transit Corp-No
conv
5%
39 %
63/«
63/4
12
21%
21%
105
28%
■
109'/4
*11'%'
12%
21%
213/4
6%
1091/4
,1 ■
109
12
105
105
105
28%
12
21%
21%
*104«/2
109
11%
12
7
108 3/4
7
108%
221/4
J
preferred
conv
div
Avenue
213/4
32% .33
55%
55%
56
300
-
$3 div
$2'/2
Third
11
11%
32%
55
60
2,300
Feb
Jan
Jan
125
1
Co
37%
55»/4
55%
1H/8
33%
551/2
100
33%
55'/4
11 %
331/2
55
1
40
57 «/2
12-%
5'/4
105'/a
38%
391/4
383/4
,
Thermoid
8%
17%
24
93% Jan
par
,—10U
—_
19%
34
*343/4
preferred
37
5'/4
4%
4%
4%
No
preferred
36
511/2
52
52
52%
4%
*55
preferred
1%
8,700
.
52'/4
21% Jan
59% Jan
30% Jan
100
No par
No par
Mfg Co
conv
6%
55
12%
4 3,4
30
143/4 Mar 31
44% Mar 29
8% Apr
6
,
16% May
41% Apr
50
,
103%
10%
10%
10%
55 3%
521/4
22
The Fair
10%
4%
133% Jan
400
93%
10%
51%
20% Jan
1
'
10%
*141/4
10
&
49%
10%
10%
10%
10%
103/4
Dec
Oil
963%
Dec
Nov
9% Feb
2
Texas Pacific Land Trust
Texas Pacific Coal
53.60
139
3/4
6
37i/4 July
29%
Thatcher
*9%
Jan
Feb
870
*95
50%
Sep
Feb
6,300
*133'%
Oct
44%
Feb
123/4 July
Apr
2,000
'
Dec
10% Mar
4%
17%
93%
55
Jun
8 3A
14%
50%
97
14% Mar
2
87/e
51
Jan
32%
16
*95
2
4%
9% Feb
Dec
25% Mar
50
97;,%
97
Jan
Mar
Jun
8
441/4 May
153%
139
Jan
42
56
3
33%
2
41'%
*91%
7
5
6
22
153%
*133 Va
16
16
Jan
Jan
Jan
Jan
5% May
6% Jan
40
93%
10% Feb
jan
48% Jan
v
27%
36% Jan
50
*133%
139
15
Jan
1
49 Va
138%
*9
93/a
91/4
"*9%
49%
51
49%
513/4
51'/4
52'/2
133V8
10% Feb
33%
;
par
Producing
153%
*15%
33% Apr
Dec
Apr
new——
Gulf
Texas & Pacific Ry Co
39%
39
40%
16 1/4
6
2
33
26%
Sulphur———-No
Texas Gulf
41%
Jan
Apr
25
44%
41%
Sep
27 %
7
(The 1
8
41%
Dec
20%
8%
20
24
Corp
Texas Co
34
Jan
27
34% Feb
73^
50%
TVs
11%
9
,
Tennessee
Sep
4
Apr
38 Vb Apr
50
5
5
5'%% partlc preferred
Telautograph Corp
,»«•*»-
Dec
29
Jan
6
29
1
Talcott Inc (James)
100
*
26
7J% Jan
No par
Prod's Inc
Elec
Apr
35
2.
Highest
I per share
19%
31% Mar 21
CKl
44
V9
44
43
43
42
30% Apr
f per share
6
22
11
Symington Gould Corp
3,200
9,300
13
8
7%
8
42
Syivania
1,000
55
'54%
6,600
7,100
61
Jan 22
4D
8,600
8%
13%
25
31
Apr
17% Jan
8wilt International Ltd
55%
f per share
10
12%
Sweets Co of Amer (The)
©W1U
9'%
*54'%
7%
7%
54%
73/4
41.34
8 Va
8
8
541/8
54%
54 Ye
54%
9
t per share
100
Paper Co
6,500
33
9%
;
13%
13%
13%
13%
8
8
8
8
81/4
13%
32 '/a
Sutherland
600
20y2
*19'/2
55 %
*54%
13%
*321/4
Superior Steel Corp
2,100
*321/2
28y4
3338
Highest
31% Mar
1944
Lowest
Lowest
Par
28%
28 Va
*32y2
Year
Range Since January 1
STOCK
YORK
EXCHANGE
Share t
33
28'/a
29
281/2
*28
29
NEW
for
the Week*
t per thare
9 per thare
thare
gales
Friday
May 4
Thursday
Tuesday
Monday
Range for Previous
STOCKS
AND HIGH SALE PRICES
Wednesday
LOW
Saturday
Monday, May 7, 1945
Dec
'
*106%
12%
12%
38%
38%
38%
991/4
99%
99
12%
12%
12%
*12%
38%
98%
12%
125%
12%
38%
373/4
38
100%
983/4
X37%
99%
38
100y4
*1061/4
108
'
99
17
171/4
17%
171/2
17'/4
17%
17
17%
17%
25%
25%
25%
26 Va
25 3/4
26
25%
253/4
108
*107%
1083/4
*107%
108%
1073/4
1073/4
107%
6%
6%
6%
6%
6%
6%
17%
17%
173/4
17%
17%
17%
25%
*108
*
.6%
7
17%
12%
United-Rexall Drug $4.75 pfd No par
United
'
90
Dyewood
*173/4
86
123/4
2,900
37%
371/4
37'/4
2,500
100'A
1001%
7,200
United
12%
17
171/4
25%
108%
253/4
*108
7%
6%
18
106%
107
■
18
*106%
United
17%
6,200
United
25%
9,100
United Merch &
1083/4
210
73/8
2,600
United
18%
7,800
US & Foreign Secur
106 %
1061/4
1073/4
,330
17%
173/4
17 7/'8
171/2
17%
17 3/8
18 %
18
18%
4,300
87%
86
86 3%
86'/a
86%
86
86
2,100
*190
190
70
19%
19%
19%
7%
54
*53%
48
*82%
47%
73/4
7%
*190
■
49 %
*19%
3%
19%
193%
19
53%
19%
54
54
54
*53%
54V4
48
48%
473%
48
47%
48%
19%
19%
54
.
7%'
33
33
33
*190
:
7%
73/4
32%
32%
7%
73%
7%
32%
32%
32%
19%
20%
53%
53%'
*47
7%
.7%
32%
323%
48
7%
33
U S
1,600
160
Dec
913/4
Dec
Jun /
Jan
20
Mar
9
Jan
2
110,
Jan
16
Mar 26
8
Feb
24
18% Apr
5
108% Jan
No par
5
50
U S
No
Dec
Feb
73/e
Sep
Feb
97%
Jan
12% July
1073/4
Dec
lo
19% Feb
19
143/4
213/a
Feb
22
88
Apr
16
70
Mar
88
Jun
Jan
17
191
Apr
12
170
Jan
186
Dec
-
Jan
19% May
2
17
54
10
49% Apr
9% Feb
Mar 27
34% Mar
1
Jan
Apr
5
Oct
'51% Nov
43% July /
9
Jan
16%
1
15%
Jan
42
21
6%
May
Jan
34%
30
30 V* Mar 26
No par
8%
1
Jan
33 % Jan
50
par
Co.
Partic & conv cl A
■
Jan
180%
13% 1
par
1,200
15V2
1091/2
30
16% Apr
77
100
No
Feb
105
20
.
Oct
7%
7
jan
4
26
11% Jan
—No par
:
11%
24
6Ve
17% Mar
26% Apr
Jan
98%
21
U S Industrial Chemicals
Leather
361/a
75%
13%
2,900
1,700
Dec
26% May
1
22
No par
.
preferred—
conv
11%
6
107
Mach Corp
Hoffman
Jan
Mar
39
100
preferred—
5%%
9
6
100% May
31
Mar
1
1st preferred
7%
108
2
Jan
10
U S Gypsum Co
♦190
$6
11% Jan
33'%
89%
par
Co.—13 Mi
——
U S Freight Co
86'%
107
No
.
Paperboard
88
'
66
5
Fdy
Mfrs Inc
preferred
173/4
107
105
\
5
Cos.
Gas Improvement
5%
863/4
*106%
*190
48
Coal
Electric
United Engineering &
Fruit Co—
17%
107
*190
*53%
1
100
86%
*106%
Corp
Preferred
100 y2
17%
17%
107
107
33%
Jan
Dec
Dec
'
113%"
*112
113%
*112
*112
113%
*112
113%
112
112
*112
112%
,10
9%
9%
9%
9%
9%
93/4
9%
9%
93/a
93%
9%
9%
14,300
*10%
10%
10%
10%
*103/a
10%
10%
10%
10%
10%
10%
10%
800
*43
43 Va
43
43
*43
43%
42%
42 3%
42%
43
43
44
*48
49
48%
48%
48
48
48
48
47%
47%
57
58
58'A
58-%
58%
59
~2 3/4
1%
_2%
Prior
29
59
58%
59%
2
59%
162
*161
62%
*82%
67 Vb
162
162
63
63
64
83%
83
*25%
25%
*48
i
50
*4%
5
4%
25%
4%
4%
*
20
*43%
45
*85%
87%
*180 Va
19
23%
58i%
*2%
583%
*162
166
*163
64
64
64
82%
*82%
83
29
29
23%
2%
59%
166
583%
*163
64%
64
823%
48%
82 %
U S Pipe &
2,800
29%
59%
"
3,700
5,900
166
64%
U
82%
S
Rubber
8 c/c
700
673%
67%
68%
67%
68%
65,500
147%
146%
147%
147%
148%
3,600
U S Steel Corp
Preferred
25%
25%
25%
25%
25%
25%
25%
1,800
U S Tobacco Co
5
4%
4%
5
5
4%
105 %
105%
105%
19%
19'%
*6%
*43'/a
86 '/a
87
87
180%
*179
4
*4%
4%
106
183%
7
*6 3%
45
*43%
88
87%
1801/2
180
*48
50
4%
5
5 Vb
5Vs
106'%
106
183%
6%
*18%
253%
50
*48
43%
43%
53%
5 S/8
107
7%
4%
1,100
5%
16,800
87%
180%
United
United Stores class A
700
preferred
No
Universal-Cyclops Steel Corp
700
Universal
6%
63%
43%
*42%
20
*87%
89 %
*87%
130
180%
180%
.70
6%
conv
Laboratories
Universal
8%
25%
253%
26
133%
13%
13%
361/4
36'/4
37
*36
37
36
36
14%
14%
14%
143%
*143%
14%
14%
143/a
*50 Va
511/4
50%
51
*503%
513%
*503%
513%
*90
94
94
*90
94
*91%
*92
95
92Va
92%
*92%
95
*92%
32
32
32'%
*313%
32%
253/4
26%
14'%
14
*35%
361/4
*36
*14%
14%
*50%
51%
*90
94
*92
95
26%
14
26
*133/4
*90
26%
13%
25%
133%
25%
„
253%
13 3%
*36'%
14V6
25%
900
Van
Norman
500
Van
Raalte Co
*51
51%
700
94
*90%
94
j
95
i*92%
95
*31
4
*64
32
32
3%
4%
*63%
65
*1193/4
4
4
64%
120
4
4
4
63
63
62
62
*313%
4
*61%
32%
4
31%
,
62
4%
62
31%
600
4%
2,400
631%
700
non-cum
div partlc
120
110
*73
80
*73
79
*73
79
*73
80
*71
80
47%
47%
*46
47
47
47
*47
47%
*46%
47%
200
39%
39%
39 Vb
391/B
39
39
*39
393%
*39
39 y«
700
*132
136%
preferred
•131V4
*145
138
—
•131V4
*145
For footnotes
see
138
*132
*145
—
page
2015.
134%
—
134%
*145
393%
134%
—
391%
*132
*14*
120 Va
136%
*1193%
*
—
J 45
120%
»
50
Jan
Mar 19
69 Vb May
148% Apr
54a/4 July
Feb
130
48%
69
150
78
May
1
5OV4
xll9%
Jan
May
1
22
6
44%
Apr
5% Feb
28
23/4
136%
Jan
Jan 24
23
.
5% Mar
2
•
2%
4
76
Jan
6
14%
Jan
31/4
27%
1
Dec
Nov
51/4
Oct
1063/4
j>eC
c
18 Vb July
6
8
Jan
25
47
Jan
24
31
Jan
413/4
93 '/a Mar 19
68
Apr
81%
162
Mar
Feb
6
Aug.
48 3/4
2
185
Jan
Dec
4%
Apr
May
20% Mar
108
Dec
63% July
Apr
19
Dec
61a/4 July
Dec
176
July
Dec
Dec
Nov
2
28
Mar
6
17%
Jan
23% July
Jan
14 Va
Oct
52
Sep
17
Jan
8
12% May
16
Dec
16
52
Mar
7
41%
Jan
51
Oct
86% Mar 26
91
Jan
29
63%
Jan
85
Dec
90% Jan
20
93...
Apr
26
70
Feb
85 3/4 July
24 % Jan
8
33% Apr
19
21%
Jan
25 %
5% Feb
20
3%
Sep
5% Mar
Feb
20
Sep
623/4 July
par
13
.
-
Mar 27
,,.32 _Jan 22
13 Vb Apr
6
49
Apr
3% Mar 27
59% Jan
9
8
118% Jan
15% Feb
69
20
9%
50
Nov
Aug
Vulcan Detlnning Co
^
19
113%
Jun
120
Aug
22
75
Feb
28
38%
Feb
63
Nov
45 % Jan
25
48
Feb
13
37
Jan
'45
Dec
25
preferred
Feb
Jan
25
El As Pow $5 pref
Va Iron Coal & Coke 5% pfd
6%
40
1
28
100
Virginian "Ry Co
120
19
21
Dec
Dec
5
No
Va
80
47%
120
85
4%
Feb
100
Chemical
120
*1193%
May
1-
100
preferred
*73
120
60% Feb
65% Feb
2
8
5
Victor Chemical Works
6%
4
Jan
Mar
—-10,
Co_6 '/a
Sugar
Vicks Shreve & Pac Ry
Va-Carolina
Nov
48
39
2.50
Inc
Vick Chemical Co_
5%
Jun
48
Apr
26% Mar
21% Jan
No par
Co
*46%
*119%
par
—100
Vertientes-Camaguey
■
10
•
37%
Jan
35%
/
y
13 3/4
i.ioo
Apr
40%
1
50% Feb
5% Jan
par
No
-
preferred
37
14%
Tob
303/4
3
39
Jan
5
75 '/4 Jan 24
178
Mar 27
1
Vanadium Corp of Am
8,500
1
17
May
Mar 27
98 y2 Jan— 5
16
Jan
2
par
No
Leaf
:
*13%
Inc
Preferred
.
Dec
Mar 29
4% Jan
_5
2,800
$6
4
1
*18%
63%
*177
Stookyards Corp—
2
Sep
10%
163
24
24'/4
47'/2
par
25
107%
19%
43%
45
No
preferred
Jan
9%
Jan
4
18
58%
100
Jan
Apr
8%
29% May
2
135 V2 Jan
No par
non-cum
12
Jan
5%
55% Mar
6
Jan
Sep
1
6
44-te Apr
3
52
113
59
Mar 26-
72
*
50
-2%
Feb
110
10
10% Mar
2
51% Jan
t
50
:
28% May
144%
50 /•
Preferred
66%
*48
»
;
Jan
10% Feb
23
10
*
114
2
Jan
1st preferred—100
146%
50
Jan
45
No par
::
Co
non-cum
69 Vb
*48
Jan
46
1
Impt
U 6 Smelting Ref & Min
5,900
35
1
—
tU S Realty 61
200
;
New —
2
10
U S Plywood Corp_
2,200
2s/8
23
111%
20
Foundry
U S Playing Card Co
400
..
1,400
_
7% Jan
9% Jan
___
146'%
1
180%
58%
28%
29
—
1
100
Co
67%
45
7
182
84 3/4
*82
*43 Vb
7
643/4
191/4
104%
104
*18%
*6%
25%
50
4%
59%
163
2%
*48
—
22
10
preferred
Lines
Preferred
145%
68%
*48
58%
63%
145
145
146%
~2%
2%
163
83%
67
68
145%
104
3/4;
,
——
U S
Jan
36% Jan
16
39% Apr
6
33
Apr
100
100
57
123
383/4 Nov
100
'
_
120
Mar
2
134Vb May
2
102
Jan
125
Oct
1 no
145
Mar
5
147% Mar 26
149
Feb
155
July
Volume 161
Number 4383
THE COMMERCIAL &
FINANCIAL CHRONICLE
2015
N EW YORK STOCK RECORD
<
Saturday
s
]
Monday
Apr. 28
i LOW AND HIGH BALK PRICKS
Apr. 30
t per
per shara
Tuesday,
May 1
thar*
Thursday
May 2
f per share
»"
=
Wednesday
=■
y per snare
May 8
6TOCK8
S,l
..Friday--/
.
Sales for
'
* per zhare
f
iier share'
Range for Previous
NEW YORK STOCK
Range Since January 1
Highest
EXCHANGE
Week
; the
Year 1844
Lowest
Share*
Par
f per share
Lowest
$ per share
t per snare
Highest
t per share >
W
71%
71 %*
71%
71%
15%
15%
15%
15%.
33%
33%
33%
33%
*109%
109%
71%
71%
*19
f
*108%
: '72
109%
72
*19
19%
10%
ioy2
10%
103/4
2%
*10 y4
*64%
2%
66
15%
15%
1,500
34%
34%
1,600
,109% 109 y2
693A
7iy4
1,700
19%
*19%
10%
10%
10'A
10%
10%
10%
10%
ioy4
103/a
10
10%
10% if 10%
2%
2y2
2%
2%
2%
64%
*633/4
65%
64
65
14%
143/8
14
14%
33
34%
34%
34%
13%
14%
33
33%
26%
109 y2
69
26 3/4
70
27
*23/a •"
60
Waiker
*63%
65%
500
14%
21,100
: 363/b
5,600
.-27
22%
22%
22%
22%
223/4
22 'A
22%
22
22%
22%
37%
37%
37 %
38
37%
37%
37%
37%
37%
37%
37 3A
37%
9%
9%
9%
9%
9%
9%
9%
9%
9%
.93/8
27%
27%
9y2
26%
26%
26%
26%
263/4
85%
*84%
*84%
27
85%
26%
*84%
263/4 '
26%
85%
26 *
*84%
:
"
*84 %
85%
253/4
105
104 %
'
113
113
113%
113%
*103%
*117
1033A
117%
*23%
24%
112
112
112
113
113
103%
103%
1033/4
1173^
117%
117%
117'/a
23%
24'A
23%
117%
*23%
24 %.
-
*111%
112
XI11
111
20
20%
20
437/b
43%
111%
111%
■'
19%
19
44
6%
7
22%
44
15
a'
13
30
20
22
6%
20%
117
28
28
28
26% ,26%.
31
30%
323/4
32%
32%
*32
33
112%
32%
32%
111%
109%
112
*71%
75
IO53/4
*111
75
*71%
1053A
*103%
*103%
*273/8
34
34 y2
111%
108%
109 y2
*71%
75
*71'A
75
*103V2
105
*103%
105
*103%
38 3A
40
39 y8
393/4
95'A
95%
95%;
96
24%
*23%-
24%
31%
31%
31%
10%
10,%-
11
1
90
92
93
323/4
32 3/s 1
32%
•
105%
39
40%
39
403/0
383A
39
94%
95%
94%
95%
95 %
95%
/,
24 %
25 %
25
25
24 'A
24'A
24 y4
30%
30%
31%
31%
30%
31
11%
11%
11
11%
30%
10%
10%
10 3A
10%
90
90
*24%
24%
30%
*32%
*87
*87
32%
>
i
30%
90
33
*32%
7%
7%
7%
7%
21
20%
21 %
20%
233/a.
22%
23%
13%
13%
13 k
13%
12%
13%
12%
7%
7%
20 %
12%
73/4
7%
-
•
*100
1003/8
100%
100 %•
100
*993/4
*99%
17%
17
*131%
*131%
29%
*88
*134%
283A
46
45%
46 %
57%
56%
88%
*88
90
90%
74
14%
1
*99%
•
*131%
-
145/B
14%
40 y8
4o3/8
40
40
16%
16 y2
16%
;
38%
Wilson-Jones
107 Ye
89 •;
893/4
73%
14'%
14%
14%
14%
14%
73%;' 73%
14 3/s "14%
39
38%
38%
39
39
39%
39%
17%
17%
17
173/a
17%
17%
29,900
24 «/2
24%
24%
8,500
51 Ve
49%
503/4
24,600
107
107
107
107
*106
■>.
24 Va
243/a
24%
39%
39%
39%
39%
>*3B%
39%
39%
41
9%
8%
9%
asked
prices: no sales on this day.
9
tin receivership,
a
9
9%
,
9%
Deferred delivery,
.53% July
31V4 July
x313A Feb
15
21
X91
66 y2
Apr
Apr 17
155% Apr 30
36% Feb 16
Feb
137
Dec
Dec
31%
126
293/4 Dec
Dec
151 y2
127% Mar
Dec
36 y8- Dec
2
973/nJan
100"
Co
—
15
100
Apr
2
13% Jan
_10
2
253/4
Jan
32
105 y2
Jan
111
110 Va Apr
78
Feb
5
19
101% May
59%, Feb
1073/4 Nov
107% Jan
15
97% Jan
20% Feb
66% Jan
1043/4 Aug
32% Dec
40
128
% Apr 30
May 4
May
.
2
9
Feb
24
13
100
Apr
17% Mar
:Jan
30
6
40% Jan
24
46%
38
Jan
15
79
Jan
3
10 "
80
Jan
6
75
Jan
24
69% Mar
Wyandotte Worsted Co...
/Wm)
tr
„_No
Zenith Radio Corp
Zonlte Products
r Cash sal*,
s
123
90
Feb
41 % Apr
13
173/4 May
25
39 Vb Jan
22
lOSVtJa*
19
20
Mar 26
36% Mar 26
53/4 Jan
wd When distributed.
2
41% Nov
Jan
82 y2 Nov
Jan
July.
Oct
84
Nov
69% Jun
913% Dec
58
74 y8 Nov
27% Mar
Apr
Dec
13
24
5iy8May
Feb
44 3/4
Jan
49
27
24
24
Jan
473/4
-
125
Apr
20%
Apr 16
99%
14 V4 July
Sep
Sep
36%
8
90
17
99% NOV;
19%
17
Apr 16
22
1
Special sales,
2
13% Jan
11% July
103/4 Jan
21
19% Jan
-No par
Corp.
Feb
323A Jan
Yale & Towne Mfg. Co.
.28
—...1
Young Spring & Wire——
No par
Youngstown Sheet & Tube—No par
&V*% preferred series A—
.100
Youngstown Steel Door.
No par
York Corp—...
Apr
20 Ve July
Jan
80J/4 Jan
7
Jan
13
.—.5
9
9%
Feb
2
30% Apr
Mar
Oct
87%
31% Deo
Jan
8
74J/a Apr 30
163A Feb 19
pa*
3,300
130
July
6
59% Apr
100
Dec
July
92% Dec
4% Jan
24% May 4
8
14% Feb
101
Apr 12
July
77
x64Va Jan
4
34 Vi Mar
22'A Jan
pfd
—
Wright Aeronautical——No par
28,200
n New Stock,
33 Va Apr 27
113% Jan 17
6% Mar 26
10% Jan
par"
-.w*-~—*--N<hpar
called—
23
16 3/8, Mar 26
-No
8,700
245/a
39%
Feb
22% Jan
93
Jan
*
1,800
-
300
24%
9
30
WrtfirlPT,
300
>
J107
24%
9%
83 3/4 Jan
20
2,900
90
92%
243A
41
96
83/8 Jan
—.5
preferred;
19
87 y2 Jan
,
2,200
173/4
108
Dec
8
8
—10
Worthington P & M (Del) -—No par
Prior pfd 4%% series—
.100
Prior pfd 4Vt% Conv series—100
200
}
73%
24%
9
$6
4,600
,
89
107
26
Motors——1*
Wisconsin El Pow Co 6%
*88
24% •
9%
*Bld and
1,500
73%
39%
39
9
400
S
90
24%
1
103% Apr 20
313/8 Jan 24
No.par'
—
Co.
Wilson & Co Inc—
f
91
49%
107
Oil
Willys-Overland
8,100
73%
503A
,24%
preferred—
Wilcox
2,500
122,500
,
—
preferred—:
conv
Prior
*87 %
49%
108
$4
89%
51
Feb
32 Va Apr
Woolworth (P W) Co_
49%
233/4
130
-400
\
8,300
50 3/4
Mar 26
,
65
49% Mar
29 Va Mar
29% July
9% July
56 y4
48 y4
6
6'A July
22
45%
493/8
16 y* July
31%. Dec
Jan
553/4
49
37%
7% Jan
293/4 Dec
5
45%
24%
107%
28
144
White Sewing Mach Corp———1~
2,800
(
56%
24 3/s
26% Jan
Dec
26'A Apr
3% Jan
2
Feb
46
24%
-Mar 26
7% Mar
Feb
56 %
23%
45
18
45%
24 y2
4
Apr 17
20
57
23%
20% May
15
45 Va
23 y2
Dec
Sep
26% Feb
Woodward Iron Co
23
110
103
Apr 20
31% May 1
113A Feb 15
——
i,8oo
24%
Feb
112
26'A Jan
16%
16%
July
21'A Jan
39
15
28
1*
White Motor Co
"
*89
13
16% Jan
White Dental Mfg (The S SI— .20*
*131%=•:•„
90
9
16
23
400
;.
*88%
lo
Dec
Apr
26 3/4 Feb
10,900
30
*89
Jan
Dec
1183/4
1133/4 Apr
!
74
"
118
103
Apr
V
7,100
.
29%
90
90
*73
2
Dec
85%
1,150
t
29%
*87%-' 89'
106% Feb
4
29'4
W-i'V
8
113
3
293/4
*28%
'
74%
;
17%
15
Jan
Dec
96% Feb
16
Preferred
17%
28
1023%
27% Feb
89 y4
29%
90
*88
92
74
'
>17%
Jan
8
Dec
28
Feb
83
Feb
115
85 y2
Jan
18%
19
106 y« Jan
64
Jan
*993/4!
17
17
26.
28
108% Feb
14%
90
.
*91
91%:
73 /.
89%-i;
.1
*100% :1003A
77
Feb
27% Jan
108% Apr
—NO Par'
24%
12%
87
8
preferred——:
No,par
preferred
^No.par'
Wheeling & Lake Erie Ry.——100*
5%%> conv preferred
—100*
Wheeling Steel Corp——No- pat
$5 conv prior pref.—No, par"
7%
,
20
$4.50
105
73A'
22% Jan
6 3/s
2
$4.25
•75
235/s
28/8 Feb 20
1153A Jan 24
,—12.50
West vaco Chlorine Prod
110
553/4
88%
*87
■
—_50
Instrument
45%
57%
,/
^
—
17.
*131%
29%
56%
89%
*87
*99%
.
.
Elec
300
12%
-
Weston
800
'
24
2
*
323A Jan
50*
preferred—-
109%
*71%'
7%
22%
partlo
110
110
*1083A
,12% ,.12%
100 % 100%
100 Va
*100
;
;
17
45%
457/8
56%
56%
100
29%
293/4
45%
'
*99%
17%
17 %
17
7%
-
iQ 3A
90
33
90
32%
33
32%
32%
1103/4
32%
1st
2,700
*31%
32%
Jan
10% July
25% Jun
17% Mar
Westlnghouse Air Brake—-No, par
112
Jan
106
<
par'
WestlnghbOse El & Mlg
95%
33%
No
70
393/a
92
Class B—
5,300
109%
11% Mar
45% Apr 28
85% Apr 28
7,400
32%
Dec
6
2
31%
*108%
■,
Dec
31 %
2
300
34%
22%
44
134%
<
Apr
Jan
64% Jan
.1333/4
34
Aug,
15 y«
30% Jan
*151%C 153%
35
25
23 % Mar 19
153%
-
Apr
2
135%
30 3A
22 y8
22
153%
94%
*32%
.31
30%
28
30
4% Jan
134.
39
*90
*27%
.,,
27 »A Apr
Western Union Teleg class A~No par'
1,500
13,100
28
36% Dec
Western Pacific RR Co com.HNo par
Preferred series A
100
3,800
84%
46%
July
11% Apr
Feb
13% Feb
31%
111
75
433/4
84%
45%
May
15
22 %
14
23
22% Mar 21
Inc—;—1'
Western Auto Supply Co
—10
Western. Maryland. Ry
—100
4% non-cura 2nd preferred—100
153
32%
108%
45%
62
Jan
45
Jun
4
15% Feb
36% May
1163/a. Jan
va
134%
32%
112
108%
433/4
86/,46 3/4
*84
2V8 Aug
19
101
Western 'Air*LineS,
2,800
1% Feb
20
109 3/4. Jan
"PUip & Pap Co_*—.Wo- par
65V preferred
—100*
2,900
9,500
11% Mar
24% Feb
23 3/s Mar 26
*100*
30%
,
33
31%
108%, 108%
*73
*103%
33
,
43%
6%
20%
Jan
84% Jan
153
•
1543/4
West
pfd
Nov
8
1
10 Va
39% Feb
100 y2 Jan
—100
.,
-Mar 26
NOV,
7% Jan
3
24
No.par
-——100*
,
2
14
9 Va Apr
—No,par
West Penn* Power 4 % %
300
6 3/s
6%
preferred
preferred
Mar 27
,
TlVi Feb
108% Nov
303/« Jan
5
—
1333/4
~
135 y4
1543A
;
33
113
*108%
42%
31%'
134
155%
111
203/4
43%
84%
45%
30%
111
431/4
83 Vs
45%
154%
1,308
433/4
83
1333/4 1343/4
%
43%
46%
30%
190
21
83
135
1173/8
43%
45%
154%
1173/a
6%
84 y2
30%
117
20%
47%
134
6%
43 y4
46%
*151
180
6%
X84%
*27%
103%
8 *
West Indies Sugar Corp
1'
West Penn Electric class A—No par'
4,300
x433/4
29
•1033/4
20%
853/4
*273/4
1033/4
43%.
20
43%
7%
20
453/4
42
.260
20%
473/8
433A
114%
112
Inc
$4 conv preferred
114y2
24
Tobacco
V Mar 26
24%'Jan
"
Oil «ss tSnowariH*—
113%
24%
Pictures
Pfimn Co—
Webster
1,190
20%
6 Va
6%
21%:
wflvrw
85 y4
19%
46%
•i
573A Jan
23/4 Apr 17
66% Feb 14
14,900
*111
8£%
45%
*
2
27
24
68
X20
1% Jan
105
233/4
Feb
17% Jan
No par
26%
/
Nov
48
113A Mar
104%
■
.
19%
43
44
63/4
22%
6%
22%
19
26%.
X105
2
-
Apr
6
93AJan.
—
Jan
Apr 27
20% Feb 24
72
No par
103%
112
*111
20
43%
24
-
*84 y2
104%
253/4
26%
105
117%
85%
26
105
*
104 3/4
*103
263/b.
105
26
105
103 y2
26 34
*104%
26%
105
*103
:
110% Apr
16
8% Jan T 2
1,-800
9%
27
2
19 Vs Apr
Pipe
.—No par
Washington Gas Lt Co_
No par"
2,300
'
Dec v
61% Mar 27
:
Warren Fdy &
1,800
11,700
22%
Dec!
14 y*
31 V« Dec .1
Waukesha Motor Co———.—
22%
.
68
10% Jan
26 Ve
7
No par
Warner Bros
800
40
163/a Mar 10
343A Apr 17
2
106 y2 Jan
No par
.
.
14%
27
76% Mar
10
24
$7 preferred—j——^.———50
1,600
35%
<
Jan
13% Jan
30%-Jan
100
Ward Baking Co Cl A
Class B—,
600
14%.
26% "27%
66
preferred—,—No pat
Walworth' Co™
10,200*
2%
100
No par
No par
G & W
(Hiramj
Dlv redeem
34%
14
.34%
"
'
preferred-.
*
"
~
4%%
Waldorf System—
-Walgreen Co—
4% preferred—
19%
143/ar
*26%
15%
34%
*19%
2%
27%
■15%
19 %
33
27%'
15%
703%
14%
26%
Wabash ER
700
:
34 y2
*108
109%
32%
*26%
.70'
70 y8
.*10%
65
69
*19%
103/4-
65
70%
109%
71
19%
2%' '
*70
34 Va
10%
10%
65
15 y4
34%
*19%
103/4 "
•
15%
333/4
109 y2
71
19%
10%
*2%
15%
333/4
*108
70%
*69%
71
71
14
36% July
9% Apr
1
Deo
15% July
19
14%
Jan
3
Mar 21
33%
Apr
20% July
423/4 July
96
Jan
106% Nov
13
Jan
20% Deo
Feb,15
33% Jan
'9% Apr 25
3% Jan
44% July
6% July
110
24% May
42
x-Ex-dlvldends.
1
y Ex-rights.
;t
Transactions at the New York Slock
1
:
Transactions at the New York Curb
/Daily, Weekiy and
Daily, Weekly and Yearly
Stocks-
**
'
Week Ended May 4> 1945
oaiuraay
United States
and Mlscel,
Shares"
.—•*—.
,
Railroad
Stocks,"
Number of
Foreign
$8,513,000
933,250
Wednesday
„
Thursday
Bonds
Sales
$43,000
54,000
16,933,800
14,440,400
427,000
1,142,130
1,334,8701
10,073,800
13,177,400
10,430,800
13,703,400
526,000
321,000
f
'
Friday
1.
-
#
«
.14
1,405,670<.
=•
Domestic
Foreign
Government
Foreign
Corporate
Total
212,385
Week Ended May 4', 1945
Saturday
Monday/
Tuesday.
17,308,800
2~4~60O.
567,000
16,793,500/
Shares)
$303,000
$35,000
$1,000
$339,000
4,000
565,000
or
;
14,910,400
10,000
347,000
,—L
...
406,185'
360,125
19,000
534,000
661,000
32,000
2,000
568,000
330,480
49,000
19,000
729,000
Thurscday
17,384,500
542,000
Wednesday
396,250
510,000
65,000
7,000
582,000
a—
...
,
/459,246
692,000
51,000
4,000
747,000
2,164,671
Friday
'
$3,242,000
$251,000
$37,000
$3,530,000
-(
Total
.7,852,150
$79,931,900*
$82,500,900
$174,000
$2,395/000
Total
Week Ended
"
•
Week Ended May 4
Stocks—No. of shares.
4
1945
1944
132,785,075
3,313,030
7,852,150
Jan. 1 to May
1945
1944
1945
-
Bonds (Par Value)
(Number
$8,763^000
43,000
'
1,531,940
Tuesday
Bond
$207,000
"1,504,290=
Monday
Government
...
Total
Bonds
Bonds
Exchange
$2,380,050
42,484,200
998,524,500
Stocks—No. of shares
79,469,194
$21271,700
39,029,000
1,140,730,900
Bonds
$174,000
Railroad Ss industrial—.
TotaL
--
...
$55,000-'
■
2,395,000
2,085,000
79,931,900
=
39,868,700
•
>
•
776,537
40,322,040
20,962,027
$3,242,000
$2,937,000
473,000
37,000
11,000
$58,573,000
20,457,000
468,000
$68,17i,000
251,000
—
....
Foreign governments
Foreign corporate
-
i.
i—
—
Total-
$42,008,700 $1,043,388,750 $1,182,031,600
$82,500,900
1944
2,164,671
—
$3,421,000
$79,498,000
$71,83^,000
Bonds
.
Domestic
■
1945
1944
$3,530,000
.
U. S. Government..
Foreign
Jan. 1 to May 4
May 4
3,322,000
344,000
Stock And Bond Averages
Below
listed
on
are
the daily closing averages
of representative stocks arid bonds
Jones & Co.
the New York Stock Exchange as compiled by Dow,
—Bonds—
Stocks
*
10
30
20
Indus¬
Rail¬
May
1—
—
roads
ties
164.71
57.19
30.41
165.44
May
-
57.08
30.46
165.09
56.31
30/29
i
165.03
56.24
165.84
56.72
30.66
166.27
56.82
30.90
Indus¬
stocks
; 62.13
First
Grade
f
10
Second
Grade
10
Total
mill-
40
trials
Rails
Ralls
ties
Bonds
106.70
115.61
97.31
109.04
10-1.19
*
.
62.28
106.97
115.65
97.39
109.01
106.95
115.62
97.52
108.86
107.24
106.89
115.70
97.46
108.62
106.84
115.63
97.60
108.89
107.24
&2.50
106.82
115.58
97.81
108.86
107.27
r
.
-
r r
■
-
.
107.22
62.31
,
107.26
61.93
61.89
.
=
30.25
May
May
10
65
trtlll-
trials
Date-
April 28
Total
IB
'
'
■
'
)
•
THE COMMERCIAL & FINANCIAL CHRONICLE
2016
Bond Record
Monday, May 7, 1945
New York Stock Exchange
«»
FRIDAY
WEEKLY
•
YEARLY
-
Of
SS^t^wbSI outside^f ^rr^ul^^kly°rra^Trts*?ho^
the
The italic letters In the column
footnote
S& to/wwk "to1
beaded 'Interest Period'' indicate la each case the
a^SSt^toluo" filch mImT^ ©Smputl^^w^iS? fS'lhfjSIir^*-
No
month when the head* mature-
RANGE FOR WEEK ENDING MAY 4
Week's Range
or Friday's
Sale Price
Bid & Asked
Interest
Last
Period
S.
U.
High
Government
4¥tii
Treasury
hht-iam
loaa-iosa
1946-1948
———1949-1952
-1946-1948
'
.»
Treasury 3y<n
Treasury 3%s
■
Treasury 3 Vis—
Treasury 3s
BONDS
Friday
BONDS
New York Stock Exchange
,1951-1959
Treasury 3b—
Sold
109.8
J-D
*102.29
102.31
M-S
*111.27
111.29
113.25
113.25
J-D
..
'
1955-1960
M-S
M-S
;„1948-1951
M-S
*105.25
15
105.27
Treasury 2%s—
—1951-1954
J-D
*110.7
110.9
Treasury 2%s-.
—1956-1959
..1958-1963
M-S
*113.6
*113.19
113,8
113.21
—1960-1969
J-D
*114,20
114.22
1949
.1948
3%s
..
J-D
•'..<■
:
'
*101.10
J-D
__
—
__
101.1
*105.27
106.6
*107.11
Treasury 2 %s_.
M-S
*108.8
.113,2
112.23
114.2
Treasury 2%s.,
.1952-1954
.1956-1958
M-S
*106.6
*107
.1962-1967
2Vis .
1963-1968
2Vis
—June 1964-1969
2%s_
Pec. 1904-1969
2 Vis
......1965-1970
2Via
i.1966-1971
2Vis
„J.1907-1972
2%s1951-1953
2Vis.1952-1959
2 Vis.
.1954-1956
2%s,
—1956-1959
2 Vis ..—,
.1947
2s
2s—Mar 1948-1950
2s—-.—..—Dec 1948-1950
Treasury
Treasury
Treasury
Treasury
Treasury
—
Treasury
Treasury
Treasury
Treasury
Treasury
_
Treasury
Treasury
Treasury
Treasury
Treasury
2s—....Jun 1949-1951
2s——...Sep 1949-1951
Treasury 2s
—Dec 1949-1951
Treasury 2s——.—March 1950-1952
Treasury 2s—————.Sept 1950-1952
Treasury
1-1951-1953
Treasury 2s
Treasury 2s n.,",
;
/
1 ' msi-iQMi
2s——.—..June 15 1952-1954
Treasury 2b —.——Dec 15 1952-1954
Treasury 2s
1953-1955
Treasury l%s————June 16 1848
Treasury
Home Owners' Loan
1 Vis
Corp—
t
101.16
J-D
102.9
101.16
5
101.11
13
J-D
101.6
J-D
101.2
101.4
15
M-S
101.1
101.1
9
100.31
101.2
100.18
Series
No.
3 Vis
Series
No.
3Vis
Series
No.
3Vis
Series
No.
30
(City)
a
3
M-S
101
100.15 101.25
100.10 102.2
103.25
*107.21
107.23
*104.18
*108.23
103.1
M-S
J-D
*103.21
*102.9
*104.14
104.16
103.3
J-J
*102.30
*103
M-S
103
103
1
M-S
102.30
103
28
100.25
3%
-1984
external
f $ bonds—
s
1960
102.26
15
22
100.13
—
101.9
101.23
*100.3
J-D
112% 122
J-J
1954
1942
M-N
1942
M-N
18%
1960
A-O
i960
A-0
18%
A6s assented
Feb
1901
F-A
assented
Feb
1961
120
2-2300
Broadway,
1981
Jan
1961
assented
A 8s
assented
1963
102%
106%
102%
106%
102
;
A 6s
19%
18%
i
-
18%
17%
1
18%
19%
55
■17%
19%
18%
19%
19
18%
"
•'
■
18%
'
^
18%
"
v
—
18%
17%
19
19%
1
18%
19%
19%
15
17%
19 %
19%
*18
J-D
18
18
18
17%
18
17 %
17%
18%
18%
—.
18%
'
18
•
A-0
A-O
17%
M-N
18
18
.
*16%
A-0
:
.1947
31
18%
6
17%
*'17%
18%
A-0
56
18%
18
16%
17%
26
__
;
30%
68%
*76%
57
18%
18%
17%
*76%
rnmmm
A-O
17
*25
^
r-T.;;
J-J
Mtge Bank 8%s
•
3
17%
J-D
1961
18%
17%
3
M-S
1970
18%
18
—
M-S
18%
17%
16
M-N
.
1961
18%
17%
—-
J-D
i960
19
18%
2
'
*18%
.
.Oct
76
69
57%
77
48%
57%
41%
46
66
*44
—
-1946
M-N
-1947
F-A
-1952
—
J-D
92%
87
81%
87%
21
70
87%
39
37%
39
31
31%
41
-1953
A Costa
Rica (Rep of) 7s
(Republic of) 5s of 1914
External loan 4% s
1951
1949
83
M-S
4%s
1949
debt
41%
*107
F-A
109
92'/8
—1
43
42
V
*44
M-N
Cuba
*44
M-N
external
19
19%
J-D
——1951
19
19%
18%
•
1962
.Jan
19%
19%
——
f $ bonds..
s
17%
18%
'
M-N
i960
of 1927——.
19%
16
18%
18%
—
(Republic of)—
external
19%
18%
;
■■
M-N
,1962
1928
19%
17%
9
18%
J-D
1961
47
18%
2
19%
.
1961
6s
105%
— —
18%
1981
assented
105%
104
*
■
1957
6s
'
18%
1953
assented
of
*17
1961
A Guaranteed sink fund
102%
104
mmmm'
36
1957
Sinking fund 6 Vis
..."
15
.
A-0
ACbile Mortgage Bank 6%s
A6%s assented
64
13
A-0
1962
105%
*104% 105%
•
M-S
1962
—
''
M-S
Sep 1981
Sep 1961
AExternal sinking fund 6s
A 0s assented—
AExternal sinking fund 6s
A 6s absented
A Sinking fund 7s of
1927
Copenhagen (City) 5s.—
25-year gold 4%s—
1-1693
108%
*43
J-J
f 6s
A 8s
NY
106%
96
'
J-J
s
AExtl sinking fund 6s
3s
New York
19
*104% ,105%
'
-
F-A
Jan
Afty external
ASinklng fund 7s of 1926
REctor
111
v
.
sinking fund 6s
A Colombia
Teletype
109 ft
19%
A6s
Member a Net# York Stock Exchange
12
J-J
A Chile
Colombia
Wertheim & Co.
63
104% 104%
1958
A 6s
O
—.
102% 102%
15
AChllean Cons Munlc 7s—
A 7s assented
A Chinese
(Hukuang Ry) 5s
Foreign Securities
75
*105
Jan
A Guaranteed sink fund
Telephone
J-J
J-J
A
38
83
'
1953
100.5
120% 120%
57
107% 107%
15
A6%s assented—
Corporate Stock..————1980
91
96
111
Jan
107
J-D
91 %
80 ■%
110% 111
J-J
1967
,
101.25
91%
80%
1
*66%
3s
103.3
*101.23
80%
10
M-N
10*0.17 102~26
103.3
68
91
91
93%
J-J
103.7
102.27
91%
96
1948
• X 7s_
47s assented
AExternal sinking fund 6s
103%
—
90%
A-0
1961
(City) 8s
(Rep) External
101%
91
J-J
f 4%-4%s.
101
2
101%
91
-
.1968
103
102.26
*106.30
M-S
15
102.10 103
Transit Unification Issue—
>
1977
*90'/8
M-N
A 6s
J-D
103.3
103
63
97%
95%
'.i
Jan
103.28
J-D
J-D
103
J-D
M-S
-1975
103.5
J-D
13
F-A
A6s
103.3
*103.3
*103.5
2
101%
"
633/4
53
101%
2%s
101.29 101.29
*103.1
M-S
613/4
A-O
AExtl
J-D
52%
101
.1976
103.2
J-D
f 4%-4%s
30-year 3s
30-year 3s
103
M-S
60
101
1961
Canada (Dom of) 30-yr 4s
25-year 3%s
104.24 104.24
..
633/4
51%'
M-S
.1976
3%
102.11
J-D
103.28
103.23
M-S
100.27
18
103.3
51 Vi
F-A
,
stamped
3s
108.25
5
1957
External
104.20
J-D
63%
1958
1950
Refunding s f 4%-4%s_
External read] 4%-4%s.
107.19 107.26
J-J
52
*64
f 5s
Sinking fund gold 6s
Buenos Aires (Province of)—
100.30 102.19
J-D
5
—
A Carlsbad
*103.24
64
63%
64%
...
,
Sinking fund gold 5s
100.18 102.3
M-S
64%
51%
29
Brisbane
64 Vi
51%
4
63%
28-
51%
5
64
27—
101.20
100.17 102.4
22
64%
*64
3 Vis
s
64%
64%
64
26
City
York
New
•
102.9
102.9
;
—..1945-1947
series M
J-D
64%
•64
No.
s
51%,
63%
Series
102.&
64%
60
16
63%
64%
3 Vis
External
100.28
2
51%
52
64%
70
63%
25—
A 6s
January 1
Low
High
64%
*64
24
107.1
107.15
Low
£4%
64%
No.
106.8
M-S
Treasury 2%b—
107.4
Bange Since
Sold
No.
64%
———
No.
108.10
....
21
Series
106.11
112.21
—
107.13
.1950-1952
20—,
No.
Series
110.14 110.15
112.10 113.7
105.29
J-D
No,
Series
3 Vis
101.17
101.12
-M-S
.1949-1953
Series
3 Vis
111,27
112.27 114.3
Bonds
Bid & Asked
High
'
(Continued)
3 Vis
111.4
__
bonds
$
Week'sRange
or Friday's
Last
Sale Price
v
3%s. Series No. 22__
3Vis Series No. 23—
IOT.19 10~3~19
—
*100.28 100.30
—
Treasury 2%s_-
Treasury 2%s_.
Treasury 2%s~
Treasury 2%s—
Treasury 2%s-^.
Treasury 2 Vis-
External
109.24
103.20 103.20
I!
Friday
Interest
Exchange
Brazil (Continued)
110.8
J-D
High
Stock
Period
103.25 103.27
103.3
*110.6
v
102.31
*103.1
New York
Range Since
January 1
Low
No.
Low
109.3
*102.29
MS
,.1945-1947
Treasury 2%s.
Treasury 2Vis—
•109.1
A-O
Bonds
42
72%
43
'1
92%
•:
109%
22
1063/4 106%
■v:';/' 1
108
109%
105%
108%
110
111
Foreign Gort.
tt
AGtd sink fund 6s
1947
F-A
AGtd sink fund 6s_^
1948
A-O
1968
AAntloqula (Dept) coll 7s A——1943
M-S
J-J
36%
-36%
36%
1949
J-J
36%
36%
36%
——1945
J-J
1943
J-J
Akershus
(King of Norway) 4s
A External
f 7s series B_.—
s
A External
s
f 7s series C
AExternal
s
f 7s series D—
f 7s 1st series..—-1957
iAExternal sec 8 f 7s 2d series
1957
AExternal
AExternal
A Antwerp
Argentine
s
sec s
f 7s 3rd series..-1957
(City) external 5s
1958
(National Government)—
70
70
10
61
70
62%
67%
79
80
4
35
38
5
35
38
34
37%
37%
-
A-O
*64
*73 V*
'
A-0
-~-4
-
„*35
*35
%
'•
.
A-0
J-D
.
31
*30
l-— '
,
•
97
-
#30
91%
36%
31
—
r.
■
1
32
....
20
30
33
30
w
97%
34
33%
30
33%
86%
97%
1948
8 f conv loan 4Vis—-.-.-..-,,.-1971
6 t extl conv loan 4s Feb—.-.—11973
M-N
F-A
97%
97%
97%
40
90
98%
8 f extl conv loan 4s
A-O
98
97%
98
32
90%
98%
6f external 4Vis
——
Apr—...—1973
Australia (Commonw'lth) 5s of '25-1955
External 5s of
s
s
f 7s
105%
M-N
102
.,.,..,...1955
,.■■
I ABrazil (U S of) external 8s——1941
Stamped pursuant to Plan A
(Int reduced to 3.5% )
J AExternal
i
s
1978
f 6 Via of 1926
—1957
102%
106% 107%
105
17
4
50
105%
64
102
102%
*102% 108
56
M-S
J-J
*102
J-D
*107%
100% 102%
95
99%
101
107%
100
105%
95% 103
100%
100%
101%
105%
..
102
107%
J-D
70
70
59%
70
J-D
*63
70
53
65
57%
69
A-O
69
68
69
17
Stamped pursuant to Plan A
(Int reduced to 3.375% )—1979
;
107
M-S
1955
..■.,.■
J-J
102
100% 100%
1956
I 6s.,......
External
M-N
-..-1957
1927——
External g 4Vis of 1928—
Belgium external 6Vis_.1949
External
102%
(AExternal
s
f 6%s of 1927——1957
A-O
62%
62%
A-O
67%
68
9
10
52
64
57%
68%
f Stamped pursuant to Plan A
i
(Central Ry)..—...a.
Stamped pursuant to Plan A
(Int reduced to 3.5%)
5% funding bonds of 1931
<
1
'
t
A-O
*62
J-D
*70%
1978
J-D
A-0
52
64
59%
70
54
—
—
(Int reduced to 3.375% )
External $ bonds of 1944 (Plan B>—
3Vis Series No. 1
—
i
3 Vis Series
No.
2
3 Vis
Series
No.
3—
<
3 Vis
Series
No.
4
3 Vis
Series
No.
5.
3 Vis
Series
No.
6
i
'
——
—
64
52
63%
64%
64
26
52
A-O
lADenmark 20-year extl 6s
External gold 5%s.
-1942
J-J
98
-1955
F-A
98
92
98
37
80
98
1962
A-O
95
lADominican Rep Cust Ad 5%a
1942
§ A 1st series 5%s of 1926.
—1940
88%
95
55
77
95
M-S
External gold 4%s
5 A 2d series sink fund 5%s_
Customs Admin. 5%s 2d series
5%s 1st series——
*155%
r£87%
Of
■
A-0
^
*89%
92%
87%
'O:
154
64
——
'<
3Vis Series
No.
7
3Vis Series
No.
8
3 Vis
Series
No.
9
3 Vis
Series
No.
10
3Vis Series
No.
11.
J
52
65%
40
52
65%
65%
64%
16
52
64%
63%
—
128
64%
64
—
64%
11
52
99
'•
64%
1
60
72
53
*64
\.v,T,,r.
*100%
A-0
1961
M-S
101
ig69
101%
A-O
100%
101%
101
101
100
..1969
5%s 2d series.
-1940
101
A-O
*101
102
AEstonia
(Republic of) 7s-.1967
Finland (Rep of) ext 6s——1945
French Republic 7s stamped——.1949
7s unstamped—
.1949
101%
J-J
*50
J-D
60
*97
M-S
100
*108%
—
44%
97
106%
—
65
63%
65
19
52Vi
64%
63 Vi
64%
11
52
64%
64
64
A 7s
part paid
..1964
part paid.
-1938
(Republic) s f 6s series A—.1952
Helsingfors (City) ext 6%s—
.1960
20%
18%
—
A 6s
Haiti
Irish Free State extl
s
f 5s
i960
A Jugoslavia
(State Mtge Bk) 7s
1957
AMedellln (Colombia) 6%s—.1954
Mendoza (Prov) 4s readjusted—1954
Mexican Irrigation—
A4%s stamped
assented——1943
A Assented to Nov.
5. 1942,
AMextco (US) extl 5s of 1899 £
agree
1945
20
18%
A-O
*99
A-O
M-N
20%
3
16%
24
19
14%
100
96
*84%
68
52%
51%
—
1
65
3Vis Series No. 12
SVis Sereis No. 13—
3%s Series No. 14
643/4
64
64%
*4
51V4
64%
64%
63%
64%
16
SVis Series
51%
*24
J-D
31%
J-D
*99
..
M-N
64%
64
64Vi
9
3Vis Series
No.
64%
64%
8
15.
16.
I
3Vis Series No.
17
<
3Vis Series
3Vis Series
No.
18
No.
643/4
19—
For footnotes
see
page 2020.
64%
64%
*64
51%
64Vi
64%
11
51%
86
102
12%
31%
30%
100
94
60
51%
64%
59%
51%
27
34%
100%
*12
'■._■■
...
■
.
*•
14%
Q-J
Q-J
J-D
AAssented to Nov. 5, 1942, agree
A Assenting 4s of 1910——1945
J-J
10%
18%
*18%
AAssented to Nov. 5, 1942, agree
AAssenting 4s of 1904—.1954
10%
18%
,19
-1945
AAssenting 5s of 1899—
*16%
16
12%
10%
:
—
12%.
11
1
10
*16%
AAssented
to
Nov.
5,
1942, agree
_.
*14
13
9%
11
4
16
17%
12%
15
143/4
For Financial Institutions
FOREIGN
SECURITIES
HEM TRADING MARKETS
,f!AHL mares 4 ro. ma
<
FOREIGN SECURITIES SPECIALISTS
50 Broad St., New York 4, N. Y.
Telephone HAnover 2-0050
17%
10%
64%
59
*64
—
25
23%
'100
82%
26
64%
No.
63
98
100%
*100%
„
A-O
64
*64.
———
60
108
Greek Government--
64%
64%
99
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59%
51%
64%
82%
81%
150
64%
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155%
74
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~
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65%
64%
65%
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i
*
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64
64
65%
—
—
I
'
1945
5%s
'109%
Stamped pursuant to Plan A
J
.
—-
1979
1952
1979
(Int reduced to 3.375% ).
(A7s
J-J
ACzechoslovakia (Rep of) 8s ser A-1951
A Sinking fund 8s series B
1952
Municipal
J-D
1953
APublic wks
Agricultural Mtge Bank (Colombia)—
1977
Sinking fund 5%s
Teletype N. Y. 1-971
,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
161
NEW
YORK
RANGE
'
'
BONDS
New
Week's Range
Friday
'
Stock
Interest
Exchange
Last
Period
York
Sale Price
or
Mexico—(Continued)—
J A Treasury 6s ol 1913 assent
A
Assented
Mlnas
Range Since
Nov.
5,
1942,
external
A Monte video
sink
4s
f
s
(City)
APanama
extl
(Rep;
Stamp
37
PFLUGFELDER, BAMPT0N & RUST
45
37
118
F-A
*105
120
—
61
—
Hew
York
Siock
Exchange
Broadway
New York 6
Telephone—DIgby 4-4933
14
102 % 102%
*100% 101
21
99%
4
exti
i
n
of)
F-A
100
J-D
*88
A-O
92
102%
99%
M-N
Bell
Teletype—NY 1-310
1967
MS
-1947
7s
98
98
MS
1st
Charlotte
&
Coast
General
98
Air
Line
Week's Range
or
1st
M-S
108%
108% 108%
1964
J-D
108
108
1948
J-J
A
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
105%
44%
1948
Atlantic Refining deb 3s
High
104 %
107%
74
104 V2
109 Va
109
116
96%
109 %
45%
47
48
40
47
41
44
50
17
39%
104%
103% 104%
20
103%
A-O
103%
103% 103%
184
98%
103%
A-O
103%
103
104%
J-J
40%
—1953
M-S
July 1948
Stamped modified bonds—
1st mtge gold
(int at 4% to
—
Low
12
104% 105
M-N
July 1952
4s
4%s
Range Since
January 1
Sold
No.
High
1963
cons
unified
Bonds
Friday's
Bid & Asked
Ry—
mortgage 3%s
Atlantic
97%
105%
__
*44
"
92
Atlanta
38%
*105%
■/
90
95
4
98
Sale Price
Low
95
.
Last
Period
__
——
Friday
Interest
Exchange
100
88 V4
1
92
New York Stock
100%
98 V4
••
BONDS
101
88
*92
3-D
103V4
98%
8
100
103
100%
_
*92
M-N
1994
ser
A_i9b3
1963
as
Ext sec ref 3%s series B
(State
A-O
1970
to
ext
A-O
M-S
1953
f 5s
s
97%
97
102% 102%
1963
loan
3 Vis
APernambuco
38%
Z
•115
—
1965
assented 5s
mod
M-N
1956
4%s_
sink fund 4%s
AS tamped
j-D
1958
4%s
fund
Municipal Bank extl
Oslo
~1
,
(State)—
5s
fund
45
Members
f 5s
sink
42
45
37
1952
7s
(Kingdom of)
External
1
45
2008
1957
Wales
External
Norway
45
37
--
Reorganization Securities
—
38%
Railroad
22%
—
'
*__
1959
(City)
s
High
22%
45
—
M-S
1959
series A
External
M-S
2008
f b%8__
s
Stamped pursuant to Plan A
(Int reduced to 2.125%)
8outh
Low
*19
—
1958
Stamped pursuant to Plan A
(Int reduced to 2.125%)
New
January 1
*22%
agree
f 6%s
s
ASec external
A 6s
Sold
No.,
High
(State j—
ueraes
ASec
to
MAY 4
,,,
Bonds
Friday's
Bid & Asked
J-J
1933
RECORD
FOR WEEK ENDING
Low
•
BOND
2017
46%
105
Stamped pursuant to Plan A
reduced
(Int
APeru
,Rep of)
loan extl
ANat
Loan
§APoland
f
s
extl
40%
19
19%
25%
23%
214
18 Va
24%
23%
68
18'/a
24%
B
Baltimore
1st
gold
1961
6s
Stabilization loan
A-O
25 Va
25 Va
1
25 Va
25%
A-O
24
24
1
14V4
24
1947
f 7s
s
A-O
1940
ser
assented
A
22%
J-D
1958
f 6s 2d
s
of)
(Rep
38%
24%
22%
M-S
1959
;_1960
6s 1st ser
24
M-S
2008
2.125%)
to
external 7s
ANat
32
24
25
31
16
25
31
30%
31
10
25%
36
24%
26
*32'/a
A-O
1950
J-J
Oct
32
25
A-O
1968
A4%s assented
22%
22%
—
&
Ohio
RR—
mtge gold 4s
1
1946)
due
Ref & gen ser A
July 1948
(int at 1%
103%
203
99%
79%
77%
79%
313
66%
85
83%
85
285
75%
90
79
77%
79%
490
66%
82 %
to
"
A External
sink fund gold 8s
1963
Alegre (City of)
8s
loan
Janeiro
de
AExternal
of>
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J-J
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2001
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1953
F-A
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,
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;
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(Subordinated)
Atchison
California
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of
32
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<
•
/i
•
7 100
,
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103%
iz
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105
'•
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7'
—
•
.
3
84% ".
7
87
1910
footnotes
gold 5s
see
page
280
73%
85%
31%
83%
49
A-G
J-J
A-O
103
96%
168
47%
49
31
47%
103
2
101%
97
5
86%
5
97 Va
101% 102%
103Va
.
97
104
gold
86
•
87
Certificates
of
4%s
I960
1st gtd 4s-
23
17%
17%
1
13
& Adir
1st
♦106
107%
A Cent Branch U P 1st gold 4s
JCeDtral of Georgia Ry—
'
A 1st mtge 5s
Nov
8 A Consol gold 5s
104%
104%
AChatt
„
A-O
MS
104
*105 Vi
103
*105% 107%
107
102
102
102
102%
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109
100
*107%
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..
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102
102%
M-N
103 Vi
97%
101% 103%
89%
8
98
94
168
102%
18
102% 103
99
103%
M-S
1981
F-A
J-J
J-J
102% 103%
J-D
*83
103% 104
243
110% 112
4
*86
__
100%
104
110%
115%
71
89
101% 101%
*105
10
--
J-D
3-D
1st
114
108 %
110 Va
10
78
86 Va
103
103%
29
103
106%
19
102%
A 4s
87%
Y
Power 3s
667
53%
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21
16%
21
535
14%
21
A-O
20
16
21
1,454
13%
21
J-D
78
71
78
120
63%
78
1946
J-J
40%
i960
A-O
1961
J-J
1987
J-J
(4%%
to Aug 1
1949)—
1974
General
107%
103% 103%
137
102%
103%
Ref &
impt mtge 3%s D
57
2
155
*110
„
100
100%
J—
29%
»
41
43
106%
109%
96.
'
100%
38
50 Va
50
48%
50%
900
46%
49%
1,054
36%
49Vt
44%
42%
45
469
34%
45
42%
11
35%
42%
133%
F-A
102%
102
*110%
F-A
M-N
--
87
108%
—
104%
85
89
4
145
37
105
106%
9
104
107 Va
103
105% 105%
105
105
89
140%
103
1447/8 145
M-N
111
105
cons
gold 4s
1996
F-A
1946
J-J
*103
1989
J-J
♦129%
1989
J-J
*125
1949
A-O
49%
48
50%
2,758
1958
1st
& A Div
J-J
114%
114
114%
64
111%
114
__
128% 130
__
126
32
126
50%
Chicago Burlington & Quincy RR—
4s
1st & ref 4%s series B
1st
& ref
mtge 3%s
115%
123
117
123
Chicago &
110%
*111
*111%
129%
65'
41
109%
70%
42
_1996
M 3%s series E
2d consol gold 4s
General
123
100%
M-S
lACLlcago & Alton RR ref 3s
123
35%
70%
48%
3-J
-1992
gold 4%s
Potts Creek Br 1st 4s
104%
123
-
*108
1987
8 A Central RR & Banking 5s stmp_1942
Chesapeake & Ohio Ry—
Ref & impt
2
123
61%
70%
1st & ref series A
102
106% 106%
132% 133%
83 Va
100 Va
M-N
1987
105%
94
86%
F-A
1987
—
91
100 Vb
104%
1945
4s
registered
.
1945
gold 4s__1951
registered
98
100
73
.
1959
gold 5s
105%
.
—I960
Div
1948
Illinois
A General
R
—
111%
27
86%
109
110%
J-D
_3
83
86
106%
103%
3-D
108%
96%
M-N
1955
114
108% 109
,
107%
A-O
123
*115%
J-J
1965
106
103%
104 J/8
132%
10
103%
101%
A-O
115
104% 106
103% 104
6
63
Nov
iM-N
105%
107 %
106
104
90
103% 103%
.
96%
103 Va
F-A
M-S
32
103%
1995
107%
9
54
108% 108%
A-O
M-N
115
106
106
105% 105%
1962
:1975
106
1949
-1959
Light 3%s_
JACent New Eng 1st gtd 4s
i A Central of N J gen gold 5s
124%
103%
120%
112%
108%
116
M-S
121%
115%
105%
270
1964
106
116%
2
114% 115
F-A
1241/a
—
3
16
•
119% 119%
A-O
124
—
121
118
1974
124%
M-S
119%
117%
110%
Central N
J-D
M-S
•
121
J-J
121 Va
116 %
14
Central Pacific 1st ref gtd gold 4s_1949
Guaranteed gold 5s
1960
109%
*
J-D
116%
30
104%
108
'
Div pur money
A Mobile
Central
A 5s
97%
203*
'
117%
18%
F-A
M-N
J-J
A-O
A-O
117
1955
gtd gold 4s
103%
.
117%
1962
Cart
18%
108%
107 Va
112
114
Carolina Clinch & Ohio 4s
2
117%
deposit
72
23
106%
103%
58
117% 117%
J-D
Central
23
106%
'
F-A
-
17
22
115% 116%
120% 121%
J-J
J-J
A-O
A Carolina
•
115%
A-O
1951'
trust
72
—.1970
_1955
4%s
Collateral
70
,
-
108% 108%
106% 107
A-O
M-N
1956
84
40
2020.
107 V*
111%
1,412
81%
44%
-1968
g6ld 4%s
103
—1946
108%
105%
—
82%
—1974;
5
1955
1st
Guaranteed
88
78%
■
__
3%s
Guaranteed gold 5s
Guaranteed gold 4%s
75%
108% 108%
1909
i'j 110 aa
109%
109
48%
cona
74%
43
86% 7
108%
1905
gold 4s of
Power
103
1995
»__
A-O
Canadian Northern Ry deb 6%s___1946 '•
Can Pac Ry 4% deb stk perpetual-
-
—
—
Elec
Guaranteed
105
109%
4s
8
44
ARef & gen 5%s series B
A Ref & gen 5s series C
1995
Atl Knox & Nor
For
22 7
.r
•
>■'
108
4s
106% 106%
M-N
gtd 5s A—1962
Canadian National gold 4%a
1957
Guaranteed gold 5s
Oct 1969
debs
gold
gold 4s of
Conv 4s
Canada Soutnern
34
due—
101A
107
*111% 112%
J-D
99%
109
1934
Calif Oregon Power 3%s
27V4
106 y8
Topeka & Santa Fe—
Adjustment
Conv
27%
108%
General 4s
Stamped
12
-.12 7-
r
108
series E
.
4
]7ff 109%'
r
106%
32
107
106%
75
106 V*
.
—
108%
107V4
109
F-A
80%'
107
M-N
M-S
1031/4
1 <
—1969
income
*106%
F-A
98
70%
63%
3
-
79%
—
-
87
(111)—
3Vis
107
1960
103%
Q-J
cum
"
'
144
1955
64
'
:.
:102»;:?•-
*76%
■
Jan
mtge
>
1957
5s—-
104%
1967
4 Vis
75
1952
96%
gold 4s
1995
Memphis Rv Bdge & Term 5s 1964
Co
79%
107
106 Va.
v
108%
3s
43
173
72%
73
Va"
106%
104
ft—
40%
7
1956
deb
107%
105%: 106%
1
*
100% 101
deposit—
103
1st
&
"
107'/a
'
i'.'
—
104%
Wks & Elec 6s series A—1975
Armour
45
Consolidated
A-O
Anglo-Chilean Nitrate deb
Ark &
Bush Terminal 1st 4a
t—
r
at
3 % to May 1, 1947) due
fBurlington Cedar Rap Si Nor—
of
105 Va
105%
104
•
'
(interest
23
1949
debentures
Arbor
40
w ■
1
"
A
Ann
8 A 1st & coll 5s„_
modified'
Stamped
107%
104 r
,
—z
.
74%
M-N
1967
Buffalo Rochester & Pgh Ry—
'
73
M-S
1969 '
~2
.—.—.1961;
—1966
debentures
Wat
46
& Telegraph Co.—
:
i.
-1969
Corp 3%s debs
Celotex Corp 3%s debs.
2030
5 Vis
101
V
__
•"
—1981
Celanese
1998
debentures
3s
f 3%s_
a
48
66%
'7
5
36
> J
■
-
84%
86%
(
M-N
.
1948
Alleghany & West 1st gtd 4s
Am & Foreign Pow deb 5s
Co
mtge
1067/b
1948
f
.J-J
"F-A
—1947'
f debentures—
103 Va 103 VB
Albany & Susquehanna RR 3 Vis—1946
Am
,"f;:
11
.
¥
40
*100
.
M-N
1967
Albany Perfor Wrap Pap 6s
6s with warrants assented
debentures
4s s
J-D
1972
mtge
conv
ref 6s series A-
lien Si
J-D
J-D
M-S
3Vis
G Chem
M-N
53
36
i
22 % f
i22%
F-A
1946
American Telephone
1960
1950
1947
1907
1st
-M-N
1953
1953
1948
coll tr gold 4s
Power
1970
1955
>
,
5,
106'A 106 Va
♦106
1967
„
Buffalo Gen Elec 4%s B
*
21
104'A 104%
A-O
43%
53
>
*.7 37
«
'y
24
r*
10-year deb 4 Vis stamped
Alabama Great Southern 3 Vis
Tobacco
37%
Industrial Companies
Coll trust 4s of
,'104%
P-A
1961
1960
45%
1
.
86
21%
.
__
Amer
371/4
■% 6
<
•
J-D
F-A
Adams Express
F-A
1960
♦106'A 107 %
1st
1021/2
'106%
2
107% 107%
M-N
39
--
J-D
23
conv
*
101%
101%
—
1955
40%"-
;
40%-
24
■
22 Va
F-A
series A plain
AStamped
J-J
_1959
series II
M 5s
131 »/4
100%
-r-
—
98
102%
129%
2
*102
*106%
42
,
■
83
79
:_i.
§A5s
*101%
A-O
M-S
45%
•
3-J
■
3-D
97%
86'/a
102%
''
:
—I960
lat 5s AC
43%,
4
40%
f
F-A
3s
'
-,.101
86%
2
■ft—.
__
129% 129%
1950
2%s-
17
98%
97
1956
Loan
Bklyn Union Gas 1st cons gold 5s_1945'
•
42
98
91
%
•
A-O
1984
1958
1958
.
Indus
debentures
Bush Term Bldgs 5s gtd
'
v
1978
Railroad and
A-O
A Certificates
■
1978
3 Vis
'
•v
—-
*42
4-4 V*-4 Vis
3Vis
<41
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"2
'
.
48
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41
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•
Alabama
96'%
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"I
53 ^-53-•■■ ■■"'
48
■■■
■
-
J-J
;
1979
fAbitibi Power & Paper—
Telephone of Pa 5s series C—1960
Buffalo^Niag Elec 3%s series C
—1964
3%s-4-4%% ($ bonds of 1937)— '
External readjustment
1979
external 7s
90%
Z'wZ
*46%.
"
J-J
1955
A4Vis assented
_1951
97%
97
*102%
Bklyn Edison cons M 3 %s
Bklyn Union El 1st gold 5s
.
,
41 Va'-.---" r.
53^ 53
•
J-J
to
extl conv
extl readjustment
97
Gen
.7-3
1940
readjustment—
97%
J-J
A-O
1951
stamped
gold 4%s series JJ
1st mtge 4s series RR
Alnc mtge 4%s ser A
July
t A Boston & N Y Air L 1st 4s__
39%
.*■
1956
conversion
J-J
>-1951
ref 4s
4s
1st
-V
99%
86
.38
99%
46%
.'7-7/42%
"-<"97
*37%"
AExternal sink fund 6s—
(City)
99
-1951
(int at 3%%
1947)
'
AUruguay (Republic) extl 8s——1948
AExternal sink fund 6s—
—I960
AWarsaw
99%
1st
!.
,
Sydney (City) s f 5Vis
3 Vis extl
J-J
40%
36
-
-
'-.*46
wU
■
1
"
.
External
1959
94%
98%
98
39%
:
70
171
98
1
Consol mtge 3s series G—
Consol mtge 3 VA»s Reries H
38 »
46%
'1
>*
82 %
71 %
96
36
1
■
66%
55
Bethlehem Steel Corporation—
Consol mtge 3%s series P
35 .S
5
39% 7-
39%
.
M-N
'
;
3.5%)——1978
Serbs Croats As Slovenes (Kingdom)—
A 8s secured external
-1962
A7s.series B sec-extl
—1962
ASilesla (Prov of) extl 7s
-1958
A 4 Vis assented—
1958
f
43
39%
;,
46%;
'."46%
v
327
449
98
Bell
52%
36 V4
-
Zi
40% '
40%
T-
M-S
1999
7s
reduced
!(Int
v"
79%
70%
97%
{
'.<■'1 7 *
-■*
>
„
loan
I
a
46%
77%
67%
J-J
2%s
«
Stamped pursuant to Plan A i
••
39
45%
r§
'
79%
70%
Beech Creek Extension 1st 3%s
.♦-•-<'•>40 i.Z
'
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M-N
t' Stamped pursuant to Plan A
(Int reduced to 2% )
l2012
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■"V
"
.
Stamped pursuant to Plan A
; :
(Int reduced to 2.25%)
2004
A 6s extl dollar loan
———:—.-1968
:
43%
35%
17
,i .'.
M-S
F-A
Bangor Si Aroostook RR—
'
,
Stamped pursuant to Plan A
(Int reduced to 2.5%)
■
*
46%
j-D
-1950
extl water
t*
-'7
t
external
A7s
43
to
-'—1998
Feb 11960
Boston & Maine
(Int reduced to 2.5%)——1999
A 8s
.
45
42%
"
m-n
2012
-1930
.J A San Paulo (State) 8s—
t
Stamped pursuant to Plan A
vi
A'
J.-D'
Paulo
Stamped pursuant to Plan A
'(Int. reduced to 2%)
.
'
x
1967
/1
2004
.
J
/ \ J-D
A6%«» extr secured s t———___1957
I
41
37
—
(int at 1%
due
M-N
Beneficial
(City) 8s
1952
.'Stamped pursuant to Plan A ... --1
(Int reduced to 2 .375% )—2001
*
-">■
52%
51
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Santfc Fe externa) sink fund 4s—_1984!
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37%
52%-
to
i' Stamped pursuant to Plan A
(Int reduced to 2.25%)
ser F
M-S
-—2000
S'west Div 1st M
"
A-O
1940
1921
loan
municipal
A 7s
:
~1
43%
83
(int at 1% to
due
1950
46%
41
43%
•
due
104%
43
*__
43%
/' *
■.
(Int reduced to 2%)
2012
A7s external loan of 1926——j—1960
v.
'
•
J-D
Toledo Cin Div ref 4s A
101%
42%
66
—
1999
Pgh L E & W Va System—
Ref gold 4s extended to
Con
Stamped pursuant to Plan A
(Int reduced to 2.25% )_—2004
;
; V;.-
50
J-D
1%%
due—
due
to Jan
Plan. A ;
2.5% )_
1999
A 6s external sink fund gold——1968
Stamped pursuant to Plan A
v
;
A Conv
__
1990
(int at
1946)
Ref & gen
46%
A
(State of)—
reduced
^(Int
.
C
ser
1
Sep 1 1946)
■
pursuant to
Stamped
i
41
„
104%
*47
*
extl loan of
gen
to Dec
•
104 %
■
A-O
,
A 8s
37%
•
*62
M-N
,
2012
Plan
Z-
-
1940
8s
2% )
to
Rio Grande do Sul
26
45%
Sep 1 1946)
6Vis
pursuant to
(Int reduced
*46
*—
1966
(City
sec
Stamped
Ref &
14%
44 V4
--
A
Stamped pursuant to Plan A
(Int reduced to 2.375%)
.•
16
*47
.•
2006
APrague (City of Greater) 7%s—1952
Queensland (State) extl 6s
1947
ARlo
•
2001
7Vas
pursuant to Plan
reduced to 2.25%)
Stamped
(Int
26
•
to
pursuant
A External
3-D
due
1946)
Ref & gen ser D
Plan A
(Int reduced to 2.375%)
Stamped
3-J
1961
A4Vis assented
A Porto
Dec 1
,
111
A Gen
110%
111%
Chicago & Erie
110
110 %
Chicago Gt West 1st 4s series A
A Gen
1977
F-A
115
115
115%
5
112%
115%
1974
F-A
105%
105
105%
51
104 Va
106%
1997
J-J
70'/*
69
71%
613
60
75
3
132
140
Eastern III RR—
mtge
lnc
lnc
(conv)
1st gold 5s
mtge 4%s
139
140
1982
M-N
1988
J-J
97
95%
98
40
90%
2038
J-J
74%
71
74%
56
65% ,75%
140
.
'
.
"
100
THE COMMERCIAL & FINANCIAL CHRONICLE
2018
NEW YORK
EANGE
Interest
Exchange
York Stock
Last
Period
New
BOND RECORD
WEEK
ENDING MAY 4
Sale Price
or
Sold
Low
Low
Ind
High
High
Louisville Ry—
&
21 Vi
J-J
22
83%
17
18%
21%
411
20
M-N
87%
82%
J-J
92%
86%
J-J
22
112 Vi
112
108%
115%
115% 117
223
95%
203
96
117%
F-A
96
94%
96%
2,333
24%
23%
24%
2,992
17%
J-J
90
88
90%
799
77%
83
3
68%
80%
62%
65%
A-O
M-S
70%
72%
M-N
21%
17%
J-D
*104%
J-D
*95%
J-D
65%
72%
47%
2,059
22
5,359
65%
52%
902
13%
102
_
„
72%
Certificates
v'/:
97%
m-s
93%
98
96%
>
91
,
98%
11
91
22
94%
99'/a
92%
93%
84
83%
94%
92
13
83
92
J-J
.-1952
1962
1st & ref 4'As series D
———1943
—.—1957
& Gulf cons 5s_
1952
5s
'■
A-O
128%
j'
V-
74%
73
104'/4
128'A
120 Vb
r
124
101 Va
99%
„
73
181
'
105%
103
72%
73
■
.—1966
"
55%
75
4
57
73
1
103
104
--
;
AGreen
97%
*112%
108%
.1993
112%
J-D
111%
60
112'% 112%
1st &
112%
102
104%
107
V
104%
104
*121%
J-D
68
93 Vi
88 Vi
215
94%
88%
89
M-N
J-J
109
gtd
.1948
M-N
107
3Vis gtd
.1950
F-A
105%
29
8
105% 105%
.,
—
48 Va
73
103 'A
17
105 %
49
40
8
39%
48'A
89'A
Ry £0—
;
"L—
98'A
103
103
*101%
103'A
103
7
•
—
__
98
91%
•
106'A
—
;;•
\>J; 13 ••:•/
J-J
•122% 122%
C--—1973
J-J
136% 136%
l
128 '/a
1970
J-J
128% 128%
9
121'A
123%
—1977
J-J
111% 111%
9
110'/4
111%
1967
J-J
105% 105%
8
105
106 'A
106% 106%
■.16
107% 107%
/vvi 3
106
109
107% 107%
12
106
111%
—1952
1960
;_1970
1980
.
.
ref 3%s series
i
IUV2
,>:U~
J-J
■:
,
J-J
-j—
J-J
107%
Feb
,
D————1969
*76%
Feb
82'A
14 Va
16%
•
16%
a-o
r
99%
107
84
74
_v'
■
13'A
18%
2
103'A
104%
101'A
105%
99%
27
91
103'A 103'A
2
98
99
A-O
137
5
105% 105%
J-J
103%
122 %
172
103'A 103'A
J-J
-
119%
99%
104
112%
Gulf
Si Ship
Island RR— .
1st & ref Term M 5s stpd
;
'
,
•'v"
1952
J-J
1969
M-N
Hocking Valley Ry 1st 4%s
1999
J-J /
{§ AHousatonic
1937
M-N
1954
M-N
90
1962
J-D
Ry cons gold 5s
Houston Oil 4%s debs___
105%
2
108
109 %
107
1
107
107
Coal
Hudson
Hudson
109%
107%
107 >/4 107%
19
105%
106%
106% 107
62
104%
.1977
A-O
105%
105% 100%
89
102%
.1945
J-D
100
A
100
1st
Gas
f. 5s series A
s
1st gold 5s—1949
Manhattan
—•
*143%
109
139%
__
x97% x98
144
.
M-N
85
83%
1151/4
AdJ income 5s
83
85'A
F-A
80
78'A1 80
A-O
38
36%
;
100
104
72%
85'A
115'/a
2 -
115'A 115'A
1957
A
96
7
101SJ
-Feb 1957
1st 5s
107
Coal River Ry 1st gtd 4s
98'A
108'A
115%
131
38
.V
;
64'A
80
256
30%
40'A
107'A
1st s f 4Vis series C
*109% 110
108%
A-O
&
111%
A-O
.1973
Co
Hudson
*107 %
.1972
98'A
*98
„
H
94%
83
80
101%
109 Vb
*111% 114%
49
*90
J-D
—
94%
J-J
'•
"
Gulf States Utll 3%s series D
J-J
48%
.
^
J-D
i.
—1959
Gulf Mobile & Ohio 4s series B—1975
Gen mtge inc 5s series A—.—2015
109
Louis Ry—
.1993
—
12-
103'A 103%
48-
■
•'i
^Debentures ctfs B—
Greyhound Corp 3s debs.
106%
106%
104%
F-A
gold 4s
—
87
69%
'
1947
ser K
3%s ser L___r_
3'As ser M
Bay & West, deb ctfs A,
76
*108 % 110
u■y
J-J
4%S—1956
1st
mtge
11
69
.
mtge
25
107
69
•
Gen; mtge; 3'As
Gen
96% *97%
107
106%
Gen
96%
107
110%
105%
98
96
■-
M-S
—1934
3%s series I
98
96%
F-A
-1974
mtge 2%s ser G
'
•
J-J
4V2S series E
Gen mtge
Union
1969
103% 103%
/•
J-J
General 4%s series D_.
90%
20
J-D
Terminal
3%s series E
J-D
of deposit——
Great Northern
19
97 :■'!
.1977
series E_
.1991
Cin Wab St M Div 1st 4s
.1990
St L Div 1st coll tr gold 4s_.—
.1970
Cleveland Elec Ilium 3s
——.
Cleveland & Pittsburgh RR—
.1901
gtd 4 Vis
Cleve Short Line 1st
gtd 5 Vis
f 5s series B gtd—
Union Term
Oleve
1st
s
Colorado & Southern Ry.—
Debenture 5s
M-N
J-J
19
32
F-A
110%
114
1951
1st gold
1st
'A
33
116
42
105%
trust
111%
107%
103%
102% 103%
12
102%
A-O
►104%
104% 104%
19
103'A
Cairo
106%
106% 106 %
2
105'A
106%
J-D
105
104% 105
27
103
43
57
68
J-J
4s—
.1955
68
J-J
1;
68
'
Power Co—
65
68,
21
58%
68
64
J-J
.1956
65
68
66
17
57
M-N
.1969
M-N
108%
ii
;~r
V".
89%
97%
88%
100%
94%
i 42
84%
93%
94%
51
84
59
94%
88%
87
•
*100'/4 102
Div
99
100'/2
101
17
95%
102 %
F-A
92
92
14
83'A
J-J
92
93
,5
J-J
94%
95'/a
1951
F-A
-1951
—
Springfield;.Div 1st gold 3%s
-Western Lines 1st gold 4s
Registered —ii_A-——~—
111 Cent and. Chic 3b L 61 N O—
7 i
Joint 1st .ref 5s series , A_
1963
95'/8
j-j
106
108%
1st St ref;4J/aS series C-_
107%
108%
1st ref mtge. 4s ser D
109
110%
102% 102%
102
103
102%
-
v
J-D
99'A
104 Va
97
102
96%
1963
J-D
.
244
97
89%
91
•
85%
Crucible Steel 3148 s f debs
| A Cuba Northern Ry 1st
A Deposit
receipts
ACuba RR 1st 5s gold
A-O
.1955
J-D
.1942
J-D
L952
102%
J-J
*58
,
18
*106'A
receipts
A7Vis series A extended to
A Deposit
receipts
A6s series B extended to—
A Deposit
receipts
Curtis Publishing Co 3s deb
A Deposit
48%
82'A
85%
47%
47%
51%
69
67
67
47%
47%
52
60
1940
J-D
*66 %
1940
J-D
*67
71
71%
49
49
48
102
102
101
J.-J
A-O
102
75
81
•
:
„
1.
,
106% 107%
79%
7.7
si
84
266
62%
39%
43%
670
28%
43%
76
43%
J-J
A 1st
goldr 5s series C—
IAInternat- Hydro El- deb
Internat
71%
1950 '.
6s——1944
Paper 5s series A & B
-1947
Ref sink fund 6s series A^
1955
J-J
J-J
78
26
58 Va
78
M-S
F-A
JAlowa Cent Ry 1st Si ref 4s
-1951
101%
M-S
78 V*
84
;
'77%
,'39
54
80
,104 V8
/
5%
58% v 771/4
74%
88
104'% 104%
4
104
109
i
4
107% '.111%
109 %
105
102
*102
J-J
1955
109
M-N
1952
& Teleg deb gold 4%s
76
79%
104 %
;
Int Rys Cent'Amer.1st 5s B———1972
Debentures 5s
.
77
A-O
Int Telep
A-O
lQiVa
'
103%
1959
81
85%
v
a lst^6sr series-'AVi-^--------7.--1952:
AAdjM3tment 6s seriee A—July 1952
A 1st 5s series B
1950
50%
47%
*111
.106% 106%
{Iqternationa! Great Northern. RR—
50%
82%
J-J
A-O
91
73%
105'A
M-S
81
97
76 %
i
—
Indianapolis,UnionsRjr3%s ser B_1986
Inland Steel7lst mtge 3s* series F—1961
103%
57%
50
82%
.f'.-'-T.
59%
49%
47%
5 Vis——
81'/#
156
85
85%
J-J
957/a
90%
J-D
{AInd & Louisville 1st gtd 4s——-1950
.1950
Co 2'As s f debs
93'%
*104% 105
1950
Ind 111 & lowailst 'gold f4s
J
92
96
*102%
—1963
ij.
9
82'%
89
-
*96
,
107 Va
105
100
100
1951
1951
gold 3s
fit. Louis Div Si Term gold 3s
104 Va
QS
89%
1951
1st
6
94%
105%
74
*104% 115
Gold 3 '/as
V
365
89%
J-J
gold 3s
5
„
26
109
J-J
1st
75
75
97%
J-D
Div
108% 108%
*110%
v,
F-A
■':>
104% 105%
93%
104%
——1950
Bridge gold 4s-.
Omaha
66
*107% 108 VB
M-N
M-N
103'A
93%
94%
1959
103% 103%
M-N
.1960
J-J /
-I960
103
:.y/?
'
__
80
96'A
100%
-1953
gold 4s
-i
105%
104
99% 100'A
96%
M-N
_1952
s
*100'A
*100'A
1955
3 %
105% 105%
M-N
.1970
,
34
__
1951
105 V3
.1954
wi.
,
A-O
102%
103
104% 104%
*103%
Louisville'Div & Term gold 3%s_1953
104%
J-J
A-O
!
trust
Litchfield
102%
M-S
.1952
—
Refunding 5s
40-year 4%s
112%
106%
__
106% 106%
1951
gold 4s
lines
•
Collateral
108%
*111%
1951
1951
J-J
3%s
gold
Refunding 4s
123
*
J-J
3s sterling
Collateral
J
A-O
4s
1st mtge 3 Vis.
1st mtge 3 Vis
108%
114
J-J
3%s_„—*
1st gold
Extended
106%
107% 108
J-J
A Debenture
—
:
103%
121% 123
123
F-A
—■-1965
82%
104%
1981
series A
1st gold 4s
105%
109%
__
*114%
J-J
A Debenture
mtge 3 Vis
74%
103
I
Illinois Bell Telep 2%s
Illinois Central RR—
Purchased
.1961
1st mtge 3 Vis
*
108
*109% 110%
.1951
{AConsol Ry non-conv deb 4s—
Crane
106
*107%
F-A
Consolidated Edison of New York.1948
3 Vis debentures
.1950
3 Vis debentures
.1958
3 Vis debentures
.1951
Consolidated Oil conv deb 3Vis—
1st
138
105
M-S
.1977
3s series L_,
Conn Ry & L 1st & ref 4 Vis
Conn River Power s f 33/4S A
Consumers
79%
104% 105%
105
A-O
.1998
3V2S
mtge
1st
x77
104%
'
.
extl gold 4s. .1948
El 3'As—— .1970
.1958
Columbus & Tol 1st extl 4s
Commonwealth Edison Co—
Columbus & Sou Ohio
debs
78
M-N
.1952
.1901
..
Columbus & H V 1st
conv
A-O
.1980
4Vis (stamped modified)
Columbia Gas Si Elec deb 5s_
'
*127
104
,f'
*101% 103
V®-*
I*
.
—Oct 1 1945
deposit——-——.A.
F)
(B
90%
96 Vi
"..;M-N
*
5
105% 106%
\
9.6%
•
A-O
.—1967
Gas & Elec 3'As
mtge 3 Vis
General 5s series B
t
■
..
.
1—1949
Grays Point Term 1st gtd 5s
General
108
7
110% 110%
110%
-■
M-S
'•
F-A
Ref & impt 4 Vis
r
'
M-S
—1969
General 5 Vis series B
1963
mtge 2%s ser G
Chic & West Indiana, com 4s
■\
J-D
M-N
Corp—
debs-——
General 5s series
1st
1
Goodrich
98%
97%
91
J-D
105
D
98
104%
.
117%
26
U
*127'/a 140
i"'1'
'■
:
'
107%
Series
—
*
102%
3 Vis
88
--
104% 105'A
*103%
.
".'v; v:V4.;■
1949
cons 5s
Utilities
&
of
Certificates
105%
C
.
105'A
■
M-N
1950
{SAGa Caro & Nor 1st ext 6s
95
10
Series
deposit™——.-.
Steel Castings 5%s_
{AGeorgia A Ala Ry 5s
22
15
General
106
102
*106'/a'
'•''7** /.
M-N
J-J
1974
._
Gen
105%
95
,
Realty
A4;? conv unc
95%
106% 106%:
1st
of
EJec of Berg Co
General
104% 104%
Cleve Cin Chic & St
86
98
*104%
-
G
100
J-J
mtge gtd
High
105'/a
,
78%
511
97% 100
99%
J-J
'
J-J
1st
Certificates
Gas &
Union Station—
1st mtge 3 Vis series P—-».»—,—1963
Cincinnati
76%
49
1
"
Chicago
1st
-
83%
F-A
Certificates of deposit
Cincinnati
ref 5s series A_
Francisco Sugar coll trust 6s
—
1934
1952
1960
1951
Gold
3Vis
1951
Memphis Div 1st gold 4s
1951
Chic T H & Southeastern 1st 5s—1960
Income guaranteed 5s——Dec 11960
{AChoctaw Ok
Low
94
83
1999
stpd
5s
gold 4s
lASecured 4Vis series A
AConv gold 4Vis
Chicago St L & Sew Orleans 5s
{§AChilds Co deb
§ADebenture 5s
1st &
A
24%
| ARefunding
A
1958
96%
A-O
deposit—.
of
Certificates
98
M-S
1961
A
69
1927
{Chicago Rock Island & Pacific Ry—
A General 4s
1988
A
High
105% 105%
; a-o
Certificates of deposit
{Florida East Coast, 1st 4%s™™1958
119
1975
1st
J-J
.
1971
3V48
.
Chicago & North Western Ry—
2nd ratge conv Income 4%s
jjAChicago Railways
25% part paid
105%
1964
E
ser
mtge
{AFiorida Cent & Peninsular 5s_—1943
117%:
115% 116%
Jan 1 2000
AMtge gold 5s series A
AConv adjustment 5s
1st
Flintkote Co 3s debs—
114
116
{Chic Milw St Paul & Pac RR—
January 1
*
w-t
Ill
96%
Range Since
Sold
No.
F
J-J
52
Div
:'V '•
J-J
1995
Firestone Tire & Rub 3s deb^
J-J
117% 118%
mtge 3'As
cons
Bonds
Friday's
22
92%
47
1st
Ohio
V;
or
Bid & Asked
Low
Co—
108
88
210
108% 110
J-J
Last
gale Price
pen n\tge:inc 4%s series A—,-2015
,
83%
16%
65
113%
J-J
J-J
87 %
21%
105
May 11989
A
series
4s
AGen
,
72
15%
Railroad
1st cons M 4s series B
92%
79
51
*107%
J-J
gold 3%s series B__May 11989
AGen 4%s series C
May 11989
AGen 4%s series E
May 11989
AGeD 4%s series P
May 11989
AGen
84
77
87
J-J
1947
ARefunding gold 5s series B—1S47
ARefunding 4s series C
1947
A 1st & gen 5s series A___
1960
A 1st A gen 6s series B
May 1960
Chicago Ind & Sou 50-year 4a
1950
{Chicago Milwaukee Si St Paul—
ARefunding 6s ser A
Exchange
■'
Erie
{Chicago
Slock
January 1
No.
York
Interest
Period
New
Range Since
Bends
Friday's
Bid & Asked
Week's Range
Friday
BONDS
Week's Range
Friday
BONDS
FOE
Monday, May 7, 1945
,
102 %
101%
61
95%
102 Va
103% 104'A
166
99
104'/2
5%
19
5
95%
50
88%
93%
8
103 Va
104 %
103
105 %
101
5 %
■'
6%
D
Dayton P & L 1st mtge 3s
1970
Dayton Union Ry 3Vis series B—-1965
Delaware & Hudson
Lack &
Delaware,
4s extended—1963
West
RR
J-J
107%
M-N
,106%
99%
—1993
M-N
69
mtge
Income
,
Power
due.—,.
Light
&
107
108%
98
106%
1973
3s
& Rio Grande RR—
5 A 1st consol 4s
99%
99%
18
68
69 %
65
108% 108%
A-O
10
106
359
59
11
61
99%
57%
AGeneral
s
-1955
f 5s
Detroit
Gen
&
series
Dow
14%
13%
11%
62%
62%
A-O
1966
M-S
1970
J-D
-1995
J-D
& Tunnel
1961
Chemical deb 2 Vis
Dul Miss & Iron Range Ry 3Vis
108%
5%
14%'
1,590
5%
14
63%
54 V2
63%
17
106 %
108 Va
10
107%
109Va
26
106
109
69
48
56
108% 108%
114
54%
-
34
8
114
1
A-O
{{ADul Sou Shore St Atl gold 5s
Duquesne Light 1st M 3Vis
1981
J-J
1950
M-N
*118%
1995
J-J
*154%
1950
J-D
*102% 103%
East
Tenn Va Si Ga Div 1st 5s
(NY)
1st
cons
gold 5s_;
Elec Auto-Lite 2Vis debs
107% 108
59%
108
1970
M-S
El Paso & S W 1st 5s
5s
stamped
1965
A-O
196a
A-O
Empire Gas & Fuel 3'As
1962
J-J
see
page
2020.
6
61
93
107% 108
19
114
IO31/2
106%
1091/4
45
105%
61
108%
112
A-O
Fort Scott & Mem Ry—
JARefunding gtd 4s
;—1936
Kansas
Ref
of
impt
*88%
Plain
101
101%
35
J-J
105 il
105% 105%
221
*120%
101%
92'/a
105%
118%
118%
79
J-J
*104%
101
103
J-J
*106%
104
104
102
102
173%
175
79
J-J
105%
105% 107%
17
105%
109
J-J
106%
106'A 109%
32
106'A
110
A-O
105 %
105% 105'A
15
102%
105'A
M-S
6%
7%
137
4'/a
1997
J-D
110'A 110%
8
105%
110'A
1997
Mich Sou gold 3%s
J-J
1997
1954
J-D
108
108
17
102%
108
1975
Dec
59
60
27
24
104%
106
5
104%
105%
104
104%
119%
102Vi
103%
1
105%
107
30
106 Va
112'A
106%
110
Lehigh & New Eng RR 4s A—
1965
A-O
100
103 Va
Lehigh & N Y 1st gtd gold 4Si_-
1945
M-S
registered—
Lautaro Nitrate Co Ltd—
mtge income
*182
A-O
157
Cons sink
•105%
'
1959
{AKreuger St Toll 5s ctfs—
6%
reg
60
f 4'As A—_1954
J-J
105% 106
J-J
105
s
8
*
fund 4%s series C___-1954
Lehigh Coal & Nav
68
79
—1964
Koppers Co 1st mtge 3s
81
J-J
J-J
151
101% 101%
89'/a
93
1961
I—1961
116%
*108% 110%
91
80%
101
-1954
1
6%s_—
ref
&
A 1st
89%
81%
,1961
unguaranteed-
Kings County El L & P 6s
Kings Co Lighting 1st 5s
3'As
228
1961
Kentucky & Ind Term 4%s
Stamped
i
I
1st
91
1987
Kentucky Central gold 4s
4%s
1950
—_Apr 1950
5s
90%
A-O
__
112%
<
*104
90%
deposit
City Southern Ry 1st 3s
&
A-O
„
106 % 106'A
112%
104
Kansas City
Lake Sh
Elgin Joliet & East Ry 3'As
For footnotes
34
110%
102'/a
*103
58
28
94
104
K
St Mich 1st gtd gold 48—1990
A Certificates
715
109%
1962
1937
Ed El 111
71
107% 108
33%
M-S
J-J
69'A
119
54
M-N
1950
4Vis
14
Vi
95%
J-J
69%
109
108
J-D
1961;
100%
"
J-D
_.
gold 4s
Term
11%
A-O
1st lien gold 4s 1995
ref 3s series H
ASecond
14%
71
1965
F
mtge 3Vi3 series G
Detroit & Mackinac
Detroit
F-A
69%
70%
J-J
1959
Jones & Laughlin Steel 3 %s
Kanawha
68%
1978
impt 5s series B__
Edison 4s
Gen & ref
69
F-A
A Assented
.
A Ref &
J-J
James Frankl & Clear 1st 4s
109
{Denver
1936
§ AConsol gold 4 Vis
—1936
{Denver & Rio Grande Western RR—
4
>
M-N
Delaware
2
29
107Vi
105% 106%
Co—
Y, Lack & Western div
1st & ref M 5s ser C—,——1973
N
107% 107%
*104
J-D
*104%
105 Va
__
*99% 100
50
993/4
60
100
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
2019
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING MAY A
Friday
BONDS
Week's Range
Interest
Stock Exchange
Last
Period
New York
Sale Price
or
BONDS
Bonds
Friday's
Bid & Asked
No,
High
Low
January 1
low
-1954
stamped
5s
& Harlem. gold 3 % S—
..2000
Mtge 4s series A
.2043
Mtge 4s series B
—.2043
—
.—1974
stamped.
Leh Val Harbor Term gtd 5s
Guaranteed
4s
gold 4s
ref
stamped
:
Lorillard (P) Co deb 5s
3s
Gas
Louisville
&.
&
„
.
-
3
87%
91
86
90%
24
74
A Non-con v
deb
4s
96%
78
80%
ANon-conv. deb
X61%
65%
808
47
59%
59
65%
61
62
61
69 Vi
62
90%
132%
47
109%
111%
~2
106%
107
107'% 107%
3
106%
108
5
106%
107%
119
119%
~4
103 Vi
105%
22
103
105%
17
105%
107
107
107%
J-J
<
103%
103% 104%
M-S
105%
105% 106
*119% 120
105% 105%
,
4s.
deb
64
67
76
56
67
67
633/4
67
160
56%
67
.1955
J-J
68%
643/4
69
355
57%
69
4s_
.1950
Af-N
69
64%
69
338
57
.1956
J-J
67
63%
67
147
.1948
3-J
73
693/4
73%,
'
deb
6s
3
105%
1st con's
107%
35%
1,879
25
35%
68
71%
783
61
71%
Unil mtge 4s series B ext.—_—1960
Paducah St Mem Div 4s
1946
J-J
104% 104%
1
104%
lOlig 101J&
1
101
.1980
4Vis.——1945
South Ry Joint monon 4s——1952
Atl Knox & Cine Div 4s
.1955
Af-S
M-S
J-3
*101 '/a
(104
101'A
24
104%
107
114% 114%
2
114%
114%
;
mtge & coll 4s ser B
1954
Manati Sugar 4s sink fund—Feb 1 1957
A Manila Eley RR & Lt s f 5s..—1953
78%
79*
3-D
83
83
5 Con sol ext 4%s_—
*105%
M-S
Af-N
J-J
Af-S
A-O
79%
ii%
J-J
—
92
^..1940
■F-A'
.1943
A Gen
MissourirKansas-Texas RR—
106
41
85
22%
23%
76
23%
96
M-N
.1946
107% 107'%
35%
J-J
M-S
k
31'%
M-S
136
124
124
Q-J
Q-J
Q-F
Q-A
117
J-J
100%
J-J-
3s regi?tered
;
.^.2047
Ref & impt 4%s series A—.
2047
Ref & impt 6s series B_.
...2047
....—
104%
Ref
Northern
16%
23%
(Minn)
Ref & impt 5s
States
J-J
J-J
lst & ref mtge 3%a
8
87
88%
22
116%
104"%
119% 119%
107% 111%
75
*5%
99%
6
|
5%
8
74
74
J-D
88%
88
v;
348
73
81
89%
267
77%
86
254
124
118
106'/a 114%
86
72%
24
71
243
87
1003/4
282
993/4
108 3/4
104'/a
83
103
104%
32
933%
103
104 %
38
93'% 104%
F-A
F-A
102% 103
102
1033/4
Af-S
108% 108'/a
108%
110
(Ogdensburg & Lake Champlaln Ry—
Alst guaranteed 4s—
..1948
*
J-J
M-S
Edison 1st. mtge 3s_.
Oregon RR & Nav
1974
5s_—.1945
gold 4s
con
,.1946
Ore Short Line 1st cons gold 5s
Guaranteed stpd cons 5s
106
77
5
1964
Ontario Transmission 1st
99
82
124
108%
;> l-
136
105%
105% 106
27
105% .107
O
14
181
84%
48
136
1
136%
1974
i
•
120
11%
104%
99
60%
133%
1967
;
88%
116%
97%
12
100
47
42
99% 100%
107% 108%
104
" 108%
48
117%
114% 114'/+
-
353/4
1093/4
89%
149
117
105% 107
98% 105
19
58%
12
Power Co—
1st mtge 2%S
(Wise) 1st mtge 3Via
110% 110%
12
56%
108'%
103%.
.+..2047
series D
99
82
—.2047
impt 5s series C
106%
102%
*—
88%
&
99%
.
25%
107
136
102%
15
110
109
136% 136%
5
23%
97
107 %
2,098
35%
98%
85%
23%
"3
'107% 108'/a
JJf-S
41
...
11%
93%
'109% 110%
A-O
7%
85%
108
26
*96%
J-J'
Telephone. 3 %s series B_—.11967
9
,,
104%
104
J-3
J-3
Mo Kansas & Texas 1st 4a-——1990
•
71
36
A"0
.
4%s inc ser A—.—.1971
mtge 4s inc ser A
—-1991
105% 107%
76
52'%
76
*34%
:■
104
__
*106
Q-F
mge
5
106% 106%
F-A
58%
^
102
23%
Af-S
Alst
106
F-A
j
75
—
105% 105%
102
J-D
series A..-1962
.
& ext 50-vr 5s
5
Northern Pacific Ry prior lien 4s._1997
4a registered1
1997
Gen lien ry & Id gold 3s__._Jan 204T
St Paul & Sault Ste Marie—
Minn
106% 106 •%
M-N
Ohio
—1939
._
74%
A-O
J
Io'/+
—
*58% "
J-D
-
22
99
*100% 102
(Minneapolis Si St Louis RR—
A 1st & ref gold 4s
;—1949
ARef
68%
25
83%
*88%
A-O
Af-N
A-O
F-A
3Vis
& Sag
85%
*82'%
3-J
*101'A 102%
M-N
1951
1st gold 3 Vis—
;
-1952
Ref & impt 4Vis series C—-1979
Michigan Cons Gas 1st mtge 3Vis_1969
(SAMidland of N J 1st ext 5s.__..1940
(SAMilw & Northern 1st ext 4 %s__ 1939
Jack Lans
23%
4%
7
mtge 4 Vis series A—.1998
A Gen
mtge 5s conv inc...
2014
(SANdrfolk Southern RR 5s A
1961
Central—
Micmgan
A
68
79%
Af-S
Af-N
1959
McCrory Stores deb 3%———1955
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5 %b—1950
U A Met West Side El (Chic) 4s_. 1938
AManila RR (Southerh Lines) 4s
108'/a
171/4
85%
A-O
J-J-
1st
M
J-D
1st
107%
634
23%
Norfolk & Western Ry 1st gold 48.1996
North Central gen Si ref 5s
1974
.Gen & ref 4%s series A—1974
Af-N
1960
4%s ser A
Central RR
Maine
1
1,373
5%
il937
gold 5s—.
'
108
21%
6%
..1937
Niagara Falls Power 3%s.._
,i.il966
Niag Lock & Out Pow, 1st 5s A
1955
Norfolk Southern Ry Co—
101%
101V*
105 & 105&
108
23%
J-D
—1963
(SAN Y West & Bost 1st .4Via
& 102%
100
*101 %
'
M-H
1965
Corp 1st 3Via
(§AN Y Susq & W 1st ref 5s
{A2d gold 4%s
J A General gold 5s
107
F-A
St Louis Div2U gold 3s__.
'
M-S
110%
■Mob & Montg 1st gold
933/4
86%
313/4
gtd 4s—al993
<N Y. Steam
107%
22
,
84%
85%
71%
1953
ATerminal 1st
109% 110 %
i
A-O,
.
2003
86
86%
353/8
N Y Queens El Lt & Pow 3 Vis
105% 105%.
-+.200?
73%
J-D
4s
N Y & Putnam
N Y
3%s series fit,...
63'/+
M-N
—.._
A General
,
1st Si ref M 3%s series F—
67
469
•
A-O
1st & ref
69
56%
i
A-O
'1st -4S.W-*.
i
:
IO54
(AN Y Ont & West ref gold 4s..__1992
'
Af-S
F-A
A-O
68
67
A-O.
.
(AHarlem River Si Port Chester
121
107
deb
.
-1940
132%
119%
107% 107%
107
98%
58%
113%
..1967
127'A
—
68
93
91%
..1957
8
*112%
64 3/8
84%
56
98 '/a
110%
1
92
98%
1
20
91
Af-S
62
92%
13
120% 121
il954
70%
79
91%
Af-S
.1947
3Vis_.
67%
55 Vi
71
132% 132 Vi
61
50
246
92%
112% 112%
Af-N
January 1
Low
High
108% 110%
—
116
AConv
45 %
36
70%
X68
92%
42
660
67%
x62%
.
*111
ADebenture certifici
65%
Af-N
■—'
Af-N
A-0
A-O
A-O
3%s..
deb
ANon-conv
96%
63
*110%
J-J
Range Since
Sold
No.
Af-N
,
.1947
A Non-con v
90 y«
95%
Bonds
High
(N Y New Haven & Hartford RR—
4
90
96%
M-N
Af-S
Af-S
E)eki3%s4-.—~—1960
Nashville3RRr~
89%
—
Louisiana & Ark 1st 6a series. A.—1969
Louisville
89%
■
1963
debentures,
88%
89 7A
Friday's
J-J
——1973
ANon-conv
1949
1949
—1949
-.1951
island unified 4s
liung
88 %
or
Bid & Asked
Af-N
West 4s series A.—1973
4%a series B
93
2
Af-N
1962
series A
4s
89%
88 %
J-j
Lehigh Valley Terminal Ry ext 5s_1951
gtd——1965
Liggett & Myers Tobacco 5s
—1951
gen
93
88%
...
Lex & Eastern 1st 50-yr 5s
Miami
92Vi
F-A
1954
Lehigh Valley N Y 4%e ext..
1950
Lemgn Valley RR—
4s stamped modified
—2003
4s registered
—2003
4%s stamped modified:
—.2003
4%s registered
2003
5s stamped modified..
——2003
Litie
N Y Lack &
93
u
Sale Price
N Y
100%
93
Week's Range
Last
Period
Low
100%
98
F-A
1974
—
99%
*92
F-A
,—1964
stamped—
100%
99%
—,
1964
1st & ref sink fund 5s
5s
F-A
;—1954
sink fund 5s
& ref
5s
1st & ref sink fund 5s
Interest
*
High
Lehigh Valley Coal Co—
isc
Friday
York Stock Exchange
New
Range Since
Sold
26
23%
26
20%
12
103%
106%
1013/a
1013/8
103
J-D,
1946
18
103%
104% 104%
*104'A 105 %
J-J
.1940
9Q
285
105% 105%
105%
AT-N
J-J
4
103
103 %
1043/8
105 %
90%
Oregon-Washington RR 3s
r
ser
A..1960
A-O
lGd'/e
104%
105%
22
105% 106
104%
106%
loi
102%
17
106
1083/4
.*"t.
; v
:
1962
3-J
92
90%
92
67
82
92%
—1962
.-1978
ACum adjust 5s series A—Jan 1967
(Missouri Pacific RR Co—
A 1st & ref 5s series A
1965
a General
4s.—
1973
Alst & ref 5s series F_
—,.1977
Alst & ref 5s series G—
-1978
AConv gold 5%s
1949
Alst & ref gold 5s series H——1980
Alst & ref 5s series I.
.——1981
Moh'k & Maione 1st gtd gold 4s—1991
Monongahela Ry 3 %s series B——1966
Monongahela W Penn Pub Serv—
1st mtge 4 Vis
——
—I960
6s debentures———
---1965
Montana Power 1st & ref 3%s——1968
Montreal Tramways 5s ext
,—1951
Morrell (John) & Co 3s debs
—1958
Morris & Essex 1st gtd 3%S;———2000
Constr M 5s series A
1955
Constr M 4%s series B
1955
Mountain States T & T 3%s
1968
Mutual Fuel Gas 1st gtd 5k———1947
J-3
82
81
83
39
70%
86
J-3
84%
84
85
27
74%
87
A-O
84
83
85
99
64%
95%
F-A
88%
85%
883/4
5s series A
Prior lien
40-year 4s series B_:—...,
Prior lien 4 Vis series D
51%
Af-S
'
46%
89 %
33
73
89 V8
&;ref mtge 3s series J
1st &
ref M
J-D
72%
89%
Paducah & 111 1st
1953
J-J
72%
89%
Panhandle East
I960
M-N
88%
24
Paterson & Passaic G & E cons 6s_1949
Af-S
1063/4 1063/4
6
.
"
M-S
88
87%
■
108%
3
112
104% 107
105%
100
107.
113%
2
100
73%
82%
81%
77%
76%
105%
96
107
100
69%
84%
r
69%
42
;75%
79%
;
<•
78%
109
108 Vi
109%
109%
109%
110
it-
I
<
t
J-J
—1969,
1960
.*"'
39
96%
■"
.—.—1974
F-A
Af-N
3%s
debentures
J-D
107%
107% 108
38
107
108%
Af-S
103 %
103% 103%
10
102%
A-O
105% 105%
13
105
,1954
Af-N
^
*107
.
112%
'
3'/sS ser F—
Peoples Gas L & O ref 5s
J-D
112%
t
3-J
100%
100% 100%
20
96
100'/a
'
1945
J-J
100'%
100
47
95
100%
1952
J-D
4
114
Af-N
5
123%
*112%
—
.
100%
1143/4 1143/4
1243/s 125
Umm
*100%
_
P & L 1st mtge 3s—-
1974
Af-S
I—
*107%
__
New Orleans Great Nor 5s A—.
.1983
J-J
1952
J-J
1st gtd 4s—. .1953
J-J
New Jersey
N O & N E 1st ref &
New Orleans Term
imp 4%s——
^Certificates: Of
of
A Certificates
A 1st
-deposit.^..
5s series
A 1st
A
a
of
N
"
N
.■
gtd 4Vis_i.
-
✓.
.1945
registered.—
1997
106%
82%
77
10
80
98%
>
81
94%
97%
96
16
80
97%
series
1st
&
26
108% 108%
6
107%
108%
108% 108%
3
107%
1083/4
104% 104 %
40
104%
105%
124%
F-A
127
127%
5
123% 124%
132% 133
59
118%
128%
1243/4
16
.—..1981
A-O
125%
125% 125%.
65
1263/8
118%
126%
J-J
126%
125% 126 %
66
118%
1263%
—1984
—1952
1985
——1947
1900
133%
A-O
105
104% 105%
70
103%
102% 103%
59
103%
1023/4
105%
J-J
108% 108 %
1
108%
109%
88%
89'/a
29
51%
53
44
78%
49%
1
106%
99% 100
35
99%
105% 106
9
1053/B
M-S
A-O
F-A
Income 4s
88%
53
i
94%
107%
Marquette Ry 3%s ser D—^1980
Af-S
99%
Phelps Dodge; conv 3 Vis deb—1952
1053/a
J-D
105%
107% 107%
90
57%
1073/4
100
106%
Phila Bait Si Wash 1st gold 4s—
*
,
'
General 5s series B—»———.1974
F-A
*136
J-J
*130%
128%
130
107% 108
32
105'%
108
J-D
104 % 104%
3
102%
103% 103%
28
M-N
1974
M-N
ref 2%»
Philadelphia & Reading Coal—
A Gen mtge 6s income
Apr 1964
Philip Morris Ltd deb 3s;
1962
1963
3s debentures
88
10
81
95
Phillips Petroleum 2%s debs
37
83% 101
131'% 138
J-J
General gold 4Vis series C..—1977
Philadelphia Co coll tr 4'As
1901
Phila Electric 1st & ref 2%s
1971
1st & ref M 2%s
1967
80
96%
103%
—
252
454
252
245
Af-N
*105%
Af-S
*106% 106V4
21%
J-J
*18%
102%
*_.
3-D
*113
Af-N
98%
Series I cons 4%s
%J
203%' 252
106
127
23%
22
107
15%
23%
15%'
18
*113%
92%
194S
1949
guaranteed gold.
1953
Series G 4a guaranteed
——1957
Series H cons guaranteed 4s_.—1960
F-A
8eri» P 4s
104%
104%
104% 104%
102% 102%
F-A
104%
1013%;
101
*102% 103
1964
101
99
*100
101
100
99
A-O
■ —
*
1
83
99
.
3-J
.
F-A
92,
91%
A-O
98%-
A-O
J-J
3-J
1898
F-A
F-A
90 % .92
88%
95%
100 v
.
92 'A
98%
424
;
741 b
321
»
82%
78%
87
100 Vi
92
,
106% 107
33
100%
104% 105
106%
13
97%
46
87
97
7
83
94
series
Series
105
Gen mtge 5s series
Gen mtge 5s series
Gen mtge 3%s ser
97
92
92'A
94%
93%
95
25
82%
95
91
90'A
91
11
81%
99
series E
N Y Gas El Lt H & Pow
Purchase money gold 4s
For footnotes see
page
18 3%
101 %■ 103 %
F-A
103%
103 % 103 Vi
68
100%
104 VA
A-O
105%
105% 106
13
105 %-107%
F-A
107'A 107%
—
109% 109%
6
107'A
109
112%
113%
109%
110%
A-O
Pitts & W Vi 1st 4%s series A
4.st 4%s
4%s series B
series D
^Pittston Co 5'% lnc deb
1977
1964
133
%j 113 '/a
.
12
—
133%
8
123
125%
124%? 124'/2
128 3/a? 134
134% 134 %
11
129%* 135
106'A 106%
25
105
103% 103%
106%
9
J-D
104
3-D
104% 104%
A-O
1st mtge 4%s series C
*112%
133
'
! 107
113%' 113%
113
125 V* 125%
♦123
I 102
107
__
M-N
A-O
1st mtge
A-O
125'/+
A-O
1960
Pitts Young & Ash 1st 4s ser A
1948
1st gen 5s series B——1962
1st gen 5s series C
1974
106%
109
J-D
J-D
1959
105%
106%
103%
F-A
106
,
108
♦114%
F-A
Af-N
105
107%
101%
103%
16
104
106%
1
104
V* 106%
93 %
6
93%
92%- 931/4
75
84%,
84%'
93 %
92%
61
84%
93
3-D
8
102%
*101%
Af-N
1958
33
1948
—194P
2020.
3%s_1964
Pitts Steel 1st mtge 4%s_j
1950
1st mtge 4'A* series B—
1950
Pittsb Coke&Chem 1st mtge
107% 107%
1966
gold 5s
lYaS—1964
A——...—1970
B—.......... 1975
B—
1975-
107%
A-O
.1965
-1963
guaranteed
155
J-J
—1951
:
J cons
102% 103
106% 106'A
1975
series D
Series D 4s guaranteed..
102%
M-S
1965
D
Pittsburgh Cine Chi & St Louis—.
107%
95
96%
F-A
1978
C
ref 3V4s
106% 106%
108%
Series E 3'/a a gtd gold
F-A
1998
gold 4s:
N Y Edison 3%s
106%
1083/4
107%
105%
107% 108%
106 % 107%
123%
(1A Philippine Ry 1st s f 4s——.1937
a Certificates
of deposit.
Chicago & St Louis—
mtge 3%s
1st lien
70
98%
97
F-A
N Y Connecting RR 3 Vis A
Y Dock
97
1997
.1998
1998
registered.
Ref 4Vis
N
97%
,
Mich Cent coll gold 3%s_„
Ref
1073/4
1073/+.
—
98%
F-A
.1954-
...
Lake Shore coll gold3 'As——
3 Vis registered
New York
3
27
deposit——.——
of, deposits
& Hud. River. 3 Vis...,
3Vis
108%
106% 107
107% 107%
108%
Apr
'
77
—.1958
Ref Si impt 4 'As series. A.
.2013
Ref Si. imot Ss series C——2013
3Vis
*84
*—
Y Central RR 4s series -A——1998
Y Cent
108%
104%
104%
11
24
98%
deposit
Newport & Cincinnati Bridge Co—
General
51108
107
HI
104%
—.——...—Apr 1990
a
Pere
100%
107%
105
22
106% 107
A-O
1956
.5Mrs series A_i
Certificates
1053/4
107% 1073/4
deposit—..——'
4%s series D___._.
Certificates
A 1st
105
-
106%
A-O
.1954
C
^Certificates, of
105
■
126
100
—
series B
5s
10934
.105%. 105%
Af-N
Peoria St Pekiu Union Ry 5 Via.—1974
1st and
{New Orleans Texas & Mexico Ry—
i ANon-cum lnc 5s series A.
1939
A 1st
•110% 110%
*105%
115 %
1961
^
F-A
J Junction
110%
133
Eastern 4s ext
Peoria &
1945
RR gtd 1st 4s—— .1986
N
112% 114
J-D
4%s series B—
Conv deb 3%s
J—;
Gen mtge
•
.1948
England RR gtd 5s
A Consol gtd 4s.
New England Tel & Tel 5s A.——
1st gtd 4 Vis series B_
tANew
105%
18
A-O
'
Newark Consol Gas cons 5s__
103%
105
J-D
•
■
110%
..1968
B
"
Na tional
1Q9
—1965
series A.
series
General 4'As series D
1
106 %
(ANcugatuck RR 1st gold 4s——
5s
Gen mtge
105
1965
Distillers Prod 3%s debs
4 Vis
General
«
1949
Prod 3%s debs.
Dairy
Nat
ser
Pennsylvania RR—
Consul gold 4s
—
—..1948
4s sterl stpd dollar
May 11948
Gen mtge 3%s series C——1970
Cons sinking fund 4%s_
—.—.I960
1043/a
Steel 1st mtge 38—.—
Nat
1093/4
5
105% 107%
110
104
F-A
i
■
V'
■
1043/8
104
108%
*112%
J-J
—1968
ref
General
*
Af-N
D..
&
4 Vis
r
I
107%
108
4
*107
J-D
Penna Power & Light 3%s
1st
62%
..1952
Pennsylvania Glass Sand 3 ,%s__..^.1960
Pennsylvania Ohio & Detroit RR—
1st & ref 4%s series B.L^,...;—1981,
-
102%
156
83%
P L 3s B
J
105
104'A
Pennsylvania uo—
101%
75%
f gold 4%S
Gtd 4s series E trust ctf s
*102%
.
108%
111%
25
100
,
112
88%
107
4
108
A-O
A-O
79%
106-3/4
s
4
13
45
109% 109%
143
505
85%
A-O
,
106% 107%
106
107'%
109% 109%
106%
89'/a
853/4
89'%
104%
106% 106%
J-D
J-D
89 %
89%
F-A
F-A
J-D
1971
—1974
L.
ser
Pacific Tel & Tel 3'As series B—1966
Ref mtge 3'As series C
.—.I960
A-O
1978
3s
34%
N
Nash Chatt & St L 4s series A—
1970
1st St ref M 3s series K
88
34%
J-D
M-N
M-N
J-D
M-N
102% 102%.
107% 107%
143/4
88
28%
v
75%
J-D
J-D
<fc
72%
85%
34
J-D
J-J
1st
51%
806
1948
Gas
150
88
Af-N
M-N
883/4
2,092
,
1st gold 5s
Electric Co—
ref mtge 3%s series I—..I960
Pacific
2,800
M-N
,
72%
97,
51%
85%
F-A
Pacific Coast Co
1st Si
*
89
Af-S
—
f
J-D
*106
F-A
93 %
*122
106
_
98
98
98
108
«
'
J-D
J-D
J-J
II
♦117
96
%
97%
94%
99%
<
THE COMMERCIAL & FINANCIAL CHRONICLE
2020
Monday, May 7, 1945
NEW YORK BOND RECORD
RANGE
BONDS
Last
Period
Sale Price
Gen
Potomac
El
1st
Elec
Pwr
1st
Viah
3%s
M
1st
1977
1A Providence Terminal 4s
Public Service El A Gas 3 Vis
ret mtge
A
5s
1st A ret mtge 8s
34'A
*
M-S
Stand Oil of Calif
107%
108%
2%s
2
101
103%
72
25
34%
103%
M-N
*108%
J-J
*151%
J-D
*230%
..
debenture
Low
High
F-A
105%
105% 105%
3
103%
105%
J-D
105 %
104% 105'/.
15
104'/2
106%
103%
103% 103%
24
1953
J-J
1959
J-D
*106
106%
105%
107%
1956
1961
M-N
*105
105%
105%
106%
M-N
*104% 105%
104 %
106
103 %
105%
Swift A Co 2%s debs
108%
155
155
224%
—
Range Since
January 1
No.
110%
107%
—
Sold
Hiah
1961
2%s debs
Sunray Oil Corp 3% debs
Superior Oil 3%s debs
103%
110
—
Bonds
Friday's
1966
Standard Oil N J deb 3s
34%
30»/4
100 Vi
*110
J-J
.—1972
2037
2037
ref mtge 3s—
1st As
1st
104
103% 103%
.
M-N
or
Bid & Asked
Low
103%
—
Last
Sale Price
Hiah
(,ow
35
Interest
Period
*113
F -A
J-J
—1957
,.>1956
1968
t A Providence Securities 46
*108%
J-J.
1981
mortgage 3 Via
Pressed Steel Car deb 5s
No
Week's Range
Friday
New York Stock Exchange
Range Sinee
January 1
Sold
103% 103%
103%
M-S
1960
1966
4%s
BONDS
Bonds
Friday's
or
Bid A Asked
Low
Portland
WEEK ENDING MAY 4
Week's Range
Friday
.
Interest
New York Stock Exchange
FOR
230%
RR Assn
Terminal
of St Louis—
'
refund
Gen
»
s f gold 4s
.1953
impt mtge 3%s series B_. .1974
Ref
1964
Quaker Oats 2%s deb
J-J
9
101% 101%
101 %
100%
A
Ref
Texas
3s
107%
A-O
J-J
J-J
102%
107%
8
105 %
107%
6
105%
Company 3s
*
*102%
M-N
J-J
98%
79
81
71
77%
78%
1977
A-O
105%
105% 105%
30
100%
C
1979
A-O
105 %
105% 105%
33
100
A
ref
5s
series
D
1980
J-D
105% 105%
25
3%s_. 1974
J-D
1998
1996
1st gold 5s
Lawr A Adir
2d
gold 6s
§ A 1st
Ham
Gas
69%
155
51
19%
22
75
16
21%
25
340
17%
!Zl95fl
..1950
San Francisco Ry
4s ser A
a certificates
of deposit..
a.
104%
2
103%
deposit..
of
ACertificates
81
..
90
79%
,
*86%
86%
Oil
99%
99%
99
1
92%
48%
61%
48
61%
1,906
69%
42
64%
62
47 %
45
51
51
37%
47%
37%
46%
2,748
15
114% 114%
M-N
12
97%
2
97%
1952
1990
4s_1968
J-J
88%
J-J
96
85%
90%
93%
96%
54%
108
278
72
A-0
1952
M-S
1989
M-N
*130
1950
A-O
40%
104%
103%
195b
A-O
130%
131%
134
i?i'
'" J 1
*
107
debentures.
3s
1st 4 Vis
110%
110%
49
46
106
106%
20
106
106%
104%
31
104
107
19
104
107
1980
J-D
mtge 3%s series A
RR cons
107
109%
3
104%
107%
F-A
105%
105% 105%
38
104%
106
3%s debs
1959
M-S
101%
101% 102
16
98%
102%
g 4s series A
1955
109%
109%
-
F-A
*111
M-N
*113%
*105'/.
A-O
*106%
series
B
5s
cons
M-S
inc
4s
mtge
series
A
Walworth Co
1st
6
49%
107
86
110%
88
'
89'/8
65
-
86%
110%
57
39%
Western
49'A
1st
ref
&
5 %s
9
39%
47%
39%
49'A
Western
Pacific
53 %
67
Western
66
63%
66
157
52 3A
66
66%
—
64
-
■
44
F-A
66%
462
53%
.1991
2
3
78%
92.
90
1
81
90
44
85
29%
44
102 % 102%
J-J
*102%
J-J
18
>'
—
West Shore
71
F-A
71
3
102% 103
103
A-O
"23
103
F-A
103
103
102%
'
A-O
series A
4%s
1st 4s
Wilson
106 Vb
106
107%
1
126
130
130
J-J
106% 106%
27
106%
14
108
ACertificates
110%
M-S
102%
M-S
97 %
M-N
97%
M-N
99%
102% 103
297
92%
97
97%
134
85%
96%
97%
266
99
85
106%
10
105%
Wisconsin Elec
107
106% 106%
92
104%
J-J
131
A-O
100'%
114
114
Devel
A
gen
6 Vis
1956
A-O
119
118% 120
Mem
Div
series
84
99%
130% 131%
52
99% 100%
174
114%
123
...2361
guaranteed
1949
4
■
*102% 105%
—
*100% 101%
100
102%
60
71
105%
•
m-
4* ■
105%
102
102
117%
I
*117% 118
WW''
117%
106% 106%
..
106%
J-J
M-N
106'A
1
109
110'A
23
105
106%
108%
106
108
104
2/
109% 109%
.'m\
May
107%
J-D
M-S
106%
107% 108
107%
'
106%
107%
50
'92%
107%
107
107%
19
106%
107%
106% 106"%
23
105
107
107
54
105%
108
102%
'
102% 103
19
101%
103
78%
J-J
107%
87%
J-J
'
67
X103
106%
.
M-N
85%
87%
119
83%
■
82%
83%
50
of
M-S
105%
V*
A-O
J-J
85
M-N
36%
is%.
74%
7
83%
110%
105%
1$5%
104
105'A
117%
79
88
79%
85%
362
19
32
52
20
107% 108
A-O
1971
339
84%
2
106
108%
109
110%
104%
106%
31%
37'A
30'A
*
87%
74%
117%
*83
1968
26
104% 105'A
*117%
—
deposit
Power 3%s
22
105% 105%
104%
J-J
deposit..
of
107%
109%
M-S
—1941
Youngstown Sheet A Tube—
let mtge s f 3%s series D—
Deferred
included
101 %
j-j
31
117
120
*121
J-J
J-J
107
106% 107
9
106
109%
37%
32
109
108% 109
5
108
109 Vb
1968
J-J
.14
107
107%
22
57
116%
58
Apr
60
M-N
in
104%
76
104% 105%
the
years range,
d Ix-lnterest.
n Under-the-rule sale not Included In the years
the year's range,
in the year's range,
in
1960
included
y
Odd-lot sale not
range,
r Oath sale
e
Ex-coupon.
§Negotiability Impaired by maturity.
tThe price represented Is the dollar quotation per 10Vpound unit of bonds.
Accrued interest payable at the exchange rate of $4.8484.
107%
J-D
107%
not
115
1964
107
delivery sale
not Included
111
1951
ASpokane Internat 1st gold 4Vis—2013
3
70%
——
A-O
A__ -2014
ser
Public Service 3%s_
131%
95%
35
1998
C
101%-.,.. c'
100
106%
A-O
3s
101%
97%
292
1956
ref
89%
99%
97%
99%
1956
A
84%
.
103
106% 106%
6s
1st
90
85
87
70%
,
J-D
_1977
inc
Central 1st 4s
ACertificates
108%
gen
3Vis B
27
89%
101%
101T
J-J
S ASu A Du div A term 1st 48—1936
108% 108%
A-O
gen
gold 5s
gold 4s
99%
88
'
a
1st
104
123
101
'
101%
J-D
'/
1st mortgage 3s—...1958
S B 1st 4s...
.—I960
Co
tAWiscdnsin
4
-
&
103%
130
A-0
A
Bell Tel
— —
F-A
Winston-Salem
106% 107
107
J-J
A
1st
109
89%
F-A
...2361
104%
103
Devel
Louis Div
106'A
'
Q-M
.1952
1st 4s
Wheeling A Lake Erie RR 4s
75
66
102%
5
Devel
8t
24
99%
F-A
-1950
Registered
1013A
101%
—
J-J
Southwestern
108 %
106% 106%
Apr
"r
Telegraph Co—
Funding & real estate 4%s
1950
25-year gold 5s
1951
...I960
30-year 5s
Westinghouse El A Mfg 2%s
1951
66%
92
37%
92
92
90
— ——
1994
101%
103%
Union
J-J
5s
9
118
-1971
mtge 4s
Maryland
73
1955
gold
108 %
Apr
Washington Terminal 2%s ser A. .1970
Westchester Ltg 5s stpd gtd
.1950
Gen mtge 3Vis
-1967
West Penn Power 3%s series I
.1966
107
140
ref gtd 4s
4s series A
108
106%
108
"
67
A-O
Ry 1st cons
115
106%
104%
__
108
M-S
.1981
mtge 3'As ser B
47%
1950
Southern
112%
105%
*104
A-O
1966
mtge inc 4%s series B
1st
49%
1st 4s
1st
—
__
J-J
1958
64
Pac RR
South
105
M-S
series B
Pwr 3%s
46
Fran Term
San
105
1968
f 4s
s
Elec A
Wisconsin
Gold 4Vis
8
A-O
1958
Pictures
46
•
1968
1969
1981
Gold 4Vis
107% 108%
1955
3'/2s debs
67
x
1977
(Oregon Lines) A
Gold 4 Vis
105
104
Gen
Pacific Co—
Southern
28
105%
103
103%
104% 105%
RR 1st ref gtd gold 3%s. .2000.1948
Washington Central Ry 1st 4s
107
107
107
M-S
1963
1962
—1979
*103
103%
104%
Wheeling Steel 3'A series C_.__.—1970
Skelly Oil 3S debentures
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
South Bell Tel A Tel 3%s
20%
'
105%
immmmb--'''
1941
1952
1950
—1964
J9A8ilesian-Am Corp coll tr 7s
1
—
M-N
49%
———
Simmons Co debentures 4s
4
—
A-O
grant 4s
M-S
series
28
W
105%
87 3A
#*«•»
110%
dep
6s
113
28
J-J
Gen
'•
110%
(Chemical Bank)—
A
1945
ACtfs of dep (Guaranty Trust)—
ACtfs of dep (Chemical Bank)—
tSAAtl & Birra 1st gtd 4s
1933
ACertificates of deposit
t A Seaboard All Pla 6s A ctfs
1935
Shell Union Oil 2Vis debs
1954
2%s sinking fund debentures
1961
of
cons
—
*104% 104%
mm mm
1957
106
104% 104%
-
'
RR—
land
Biscuit
55
*105
A-0
113
—.
•J-J
..
(N Y Trust)
of dep
A Ctfs
ACtfs
A 1st
1967
Warren
1959
113%
—'
—
378
*108%
J ARefunding 4s
111%
—
60%
Wabash RR Co—
55
53%
'
'''
F-A
96%
—
1971
—
■
*105% 106
A-O
90%
72
-
F-A
'
gold stamped
A Certificate of
deposit
103
97%
ISeaboard Air Line Ry—
§ A4s
102
94%
'
Virginian Ry 3%s series A
116%
87%
163
110
J-D
1941
9A 1st gold 4s unstamped
ACertificates of deposit
5
102
1st & ref mtge 3s series D
1974
Va Iron Coal & Coke 1st gold 5s__1949
Va & Southwest 1st gtd 5s
2003
63
46%
J-J
Schenley Distillers 4s s 1 deb
Scioto V & N E 1st gtd 4s
105
1970
1st
A
104
1947
Cons
64%
63
44%
433
14
62%
Nov 1989
1945
5s
M-N
1959
(Chic)
1971
Calif 3s deb
Pacific
A
Vandalla
'
1st cons gold
*|ASt p & K C 8h L gtd 4Vis
St Paul Union Depot 3 Vis B
—
5
.
89%
1971
Va
'
9 A 1st term & unifying 5s
AGen & ref gold 5s series
mUwm
——
.
Drug 3'As debs
60%
58%
58%
46%
1989
F-A
51
104% 104%
102
M-S
1960
debs
28
342
99
47%
M-S
1949
5s
104%
103
92
56
102%
64%
■■
St Paul A Duluth
1st gold
Corp 3%
United
103
2
61%
—— ~
.1978
ISt Louis-Southwestern Ry—
1st 4s bond certificates
A 2d 4s inc bond ctfs
of
Universal
52
99%
99
..
J-J
J-D
debentures
Ref
99% 100%
99%
63
..1950
series B
lien 5s
A Prior
Elec
gold 4s_. 1946
1st
J-D
103
__
91%
-54
35-year 3%s deb
103%
*90
J-J
105%
34-year 3%s deb
106%
60%
Hen
56
3%s_. 1960
Union Electric Co of Mo 3%s
103% 103%
103%
'
91%
A-O
69%
106% 106%
J-j
105%
105%
U
26
t3t Louis
A Prior
A
HAUnion Elev Ry
M-N
99 Vb
22
24%
99 %
A P 5s stpd—
L Rocky Mt
Bt
A Buff
*103%
J-J
1960
Jan 1960
United
..1933
stamped
4s
—
109
67%
& Southern—
ACertificates of deoosit-
New Orl
Ry 1st ref 4s
income 5s
Toronto
1st
Bt
RR of
Tenn
Ave
Union
J81 Louis Iron Mountain
River & Gulf Division
140
B
108%
21%
J-J
J-J
A-0
107 %
108%
130
7
series
Tol A Ohio Cent ref A impt
79%
69%
A-O
St Jos A
105
106 Vb
140
series
3s
M 4%s——1986
Grand Island 1st 4s
1947
19
14
140
5s
Union
Baguenay Pwr Ltd 1st
1063A
106% 107%
;
140
5s
A Ad J
109 VB
108%
106
M-N
J-D
ref
Trl-Continental
110%
*109
109%
ret
Third
108%
105
Texas Pacific-Missouri—
..
__
2
108% 108%
106%
A-O
1966
*110
*109%
108%
A
Trenton
*125%
M-S
M-S
M-S
M-S
M-S
J-J
J-J
107%
128
Gen
108
81
112
106%
126
A
105%
106% 108
106%
A-O
104%
1
35
127 3A 128
Gen
107%
103%
37
__
110%
8
107% 107%
——
2000
gold 5s.
111% 111%
'
'
1959
deb
Pacific 1st
A
Pac
Revere Copper & Brass
F-A
.MM*
J-J
Gen
107%
106%
..
107% 107%
107%
(4.7%
mtge
58
*106%
J -J
for 1945) due_1975
3 Vis
1960
tiARio Grande West 1st gold 4S..1939
A 1st cons A coll trust 4s A
1949
Rochester Gas & Elec Corp—
Gen mtge 4Vis series D
1977
Gen mtge 33/48 series H
1967
Gen mtge 3 Vis series I
1987
Gen mtge 3'As series J
1969
I8AR I Ark A Louis 1st 4Vis
1934
t A Rut-Canadian 4s stpd
1949
HA Rutland RR 4 Vis stamped
1941
Gen
107% 107%
105% 105 Vi
105 Vi 105 Vi
1951
1997
1997
Remington Rand deb 3 Vis
—1956
Rensselaer <fc Saratoga RR Co—
.1950
C
ser
debentures
Texas
Gen A ret 4 Vis series B
J-J
.
imp M 4s
Ttxarkana A Ft Smith 5%s A
R
Reading Co Jersey Cent coll 4s
Gen & ref 4Vis series A
J-J
.2019
&
101%
122%
tCompanies reported
the Bankruptcy
Act,
being in bankruptcy, receivership, or rsorganlzed under Bestioa ft of
as
securities
or
assumed
♦Friday's bid and asked prices;
ABonds
65
no
bv
such
companlM
sales being transacted
during
current week.
selling flat.
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
In
a
footnote
and
in
deferred
the
week
28,
and
ending
the
present
we
furnish
Friday
include every security, whether stock or
a
complete record of the transactions
(May
4,
1945).
It
is
compiled
H
T O C K 8
York
Curb
Friday
Exchange
Week's
Range
Acme
Aero
Wire
Co
Shares
Investors
II
(N J)
common
22" g
ZZZZZZl
2 2a
~
preferred
footnotes
see
page
2025.
4%
in
WEEK
ENDING
MAY
--
32
5%
32
6
Feb
Alreon
20
27%
Jan
32
Apr
Jan
22
Apr
19
2.100
12%
14%
3,100
I2ya
12 '/2
12/8
1,400
3
3
100
Friday
Mar
9'A
Jan
12 % Mar
2 'A Mar
37%
Apr
5%
Jan
3% Mar
37'A
Sales
Range
for Week
qf Prices
Shares
Low
8
Jan
5% May
5%
Apr
5%
4,500
3%
Jan
121%
80
99"%
Jan
121% May
115% May
117% Mar
_50c
5%
5%
Air-Way
Electric
3
5%
5
Alabama
Great
50
121%
120
115% 115%
10
Appliance
High
Low
9,500
Mfg Corp
Southern
Range Since January 1
High
6%
Feb
14% May
13%
Week's
Last
Exchange
Par
Jan
r4% ~4%
Curb
High
2%
14%
York
Sale Price
1,700
~4%
year.
STOCKS—
New
Low
Saturday,
4
Range Since January 1
High
i
|
Convertible
For
10
A.ZZI"
common
Air Associates Inc
,
21
B
Mfg
Low
l
common.
Supply Mfg class
Class
A ins worth
Air
warrants
FOR
for Week
of Prices
Pdf
Motors
the New York Curb Exchange for the week beginning on
on
entirely from the daily reports of the Curb Exchange itself, and is intended to
Sales
Last
Sale Price
ACF-Brill
RECORD
bond, in which any dealings have occurred during the current
RANGE
New
YEARLY
which
In the following extensive list
April
AND
delivery sales are disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range are Showa
they occur. No account is taken of such sales In computing the range for the year.
in
Apr
Alabama Power Co $7 preferred
$6
preferred.
Alles & Fisher
Allied
Tntl
•
common
Investing $3
•
1
conv
pfd
•
106
6%
41
Jan
107 %
Jan
Apr
10
Feb
Jan
48
Feb
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
161
NEW YORK CURB
Friday
STOCKS—
'
'
•
Range
Sale Price
Products
Allied
Class
A
Altorfer
Bros
Aluminum
Industries
Ltd
Aluminium
common
common
Book
American
Central
Mfg
Jan
33%
8%
42%
,1
50
'
8%
Jan
Apr
New York Curb Exchange Common Stocks
Jan
9
5,600
36%
Jan
800
112%
Jan
117
100
19%
Jan
21
19%
50
15%
Jan
26
Jan
103
Apr
86%
Jan
106
May
109%
250
2%
100
49 %
100
15%
17%
4,100
2%
Mar
11%
HERBERT E. STERN & CO.
Jan
50%
1% Mar
46
Feb
THE NEW
MEMBERS OF
New York 5, N.
30 Pine Street
49%
500
47
45 %
6%
45%
46%
550
43 %
6%
6%
2,100
Jan
42%
40%
42%
4,700
38 %
Jan
44'A Mar
%
%
1,700
3S2
Jan
% Mar
•
10
19%
35%
19%
20
34%
35%
6,300
a
—
52
Jan
Cyanamid Co
American
&
American
Fork ft
American
Gas
Hoe
common
common
Electric
ft
112
100
preferred
common—10c
$2 convertible preferred
1
$2.50 convertible preferred
1
American Hard Rubber Co
—25
American Laundry
Ma eh
20
Americr.n Light & Trac common
25
6%
preferred
25
American Mfg Co common
100
Preferred
100
General
900
4
17%
Jan
Jan
111%
Jan
113%
Jan
10 %
Maracaibo
1
*
•
10
2
lOo
*
Co
Chemical
American
Potash
American
Republics
Seal-Kap common
American
&
44'A
20%
35
197/s
20
20%
250
35
35 %
1,150
19%
20%
25%
25 %
26
60
62
48
Jan
17%
Jan
200
25%
Apr
350
240
Corp com
preferred
$6 series preferred
American Thread 5%
preferred
Superpower
Amer
$6
1st
Writing
American
51
Voting
Cables
trust
&
dep rets 5%
Sugar Estate
Apr
Calamba
Mar
California
70
Mar
Callite
105 %
Jan
Apr
Fence
Post
Anchor
Fire
Jan
%
43,300
4%
26%
5,500
18
Canadian
Class
B
Apr
C&nadian
128%
1,600
4%
5%
Jan
5%
5%
1,400
3%
Jan
Mar
7%
Apr
5
Jan
2,000
27
Capital
Feb
Carman
26%
113
7%
•
•
5
5%
10%
26%
27
112% 113
"'7%
,
4Va
'• 200
y
*
\
80
&
&
Jan
27%
Apr
111%
Jan
114% Mar
Co
Co—
Associated Electric Industries—
& Refining
(A
Feb
Centra)
113% May
Ceniral
11
M)
Atlantic
Atlantic
Jan
Central
16'A
Feb
Central
Power
9%
Jan
Central
&
1%
1%
10%
1,350
%
2,300
8%
warrants
Atlas Drop Forge common
8
3
Jan
8%
8%
76%
76%
3
3%
v. 12%
21%
l7%
Jan
83% Mar
3%„w
43,200
2%
Jan
3%
Apr
Cherry-Burrell
2,000
10%
Feb
12%
Feb
:
36%
•
warrants for common
i
Seelig Mfg—
convertible A common—
Basic Refractories Inc
$1.20
(L)
Baumann
Mills Inc common
Beauni:
Aircraft
Bellanca
Bell
common
1st preferred
Brummel Ties
Beau
3%
8
1
•
-100
1
10
1
Corp
Canada—
Tel of
ft
Benson
common
Hedges
Convertible
17%
•
1
preferred
Berkey & Gay Furniture
1—.—1
Steel Fdy ft Mach Co com—*
.
6%
Birdsboro
Blauner's
1
Blue Ridge Corp common
1
$3 optional convertible preferred—•
Blumenthal (S) ft Co
•
common
(H C)
Bohack
3%
12,000
6%
17%
6%
400
1,300
200
10%
10%
22%
22
22%
800
4%
1,600
3%
31
32
39
2%
39
2%
16
43
Jan
Jan
Apr
12%
Feb
Feb
3%
Feb
.
i.
Apr
12% Feb
3
15%
5%
Apr
Jan
9
Mar
»'
18%
Jan
Jan
18%
7%
11%
125
10%
2%
16
Corp
54
.21%
14%
116
32%
1%
36%
Mfg
Brillo
Co
American
British
rets
dep
1%
Jan
Jan
15
46
Colt's
Amer
5%
5,700
350
1,600
Feb
Class
9,900
$5
V
Bruce
(E L)
Silk
Bruck
Co
$3
3%
Jan
5%
51
Jan
57%
Feb
15%
Jan
22 %
Apr
9%
Jan
jan
32
Jan
35%
Feb
14%
100
12%
Jan
14%
Apr
Apr
14,100
%
J«n
9
Mav
34%
Apr
48
Feb
2,500
4%
3,400
23%
2,000
2%
20
Apr
4%
23%
Feb
Jan
19
'
Feb
5,200
3%
Feb
5%
8%
1,600
7% May
10%
Jan
18%
200
17
Mar
18%
35
100
35
May
35
22%
100
21
Jan
400
15
Apr
Mills
Buffalo Niagara
Burry
Butler
5% Mar
Hill
&
H)
6
Apr
21
Mar
Apr
2%
Feb
5% Jan
7%
Feb
6%
400
25
25%
200
24
Jan
27
26%
25%
26%
17,400
20
Feb
26%
Feb
93
1,300
3%
33
n
9%
Ltd
11%
25
Sullivan
dep
ZZsTio
rets
Biscuit Corp
IP
Mar
6
4%
11%
11%
Feb
Feb
21% May
Jan
12%
123%
Feb
132
May
Jan
8%
Jan
11%
Apr
9
Jan
9%
Feb
Jan
22%
Feb
1%
Jan
3% Apr
12% May
40% Mar
39
39
40
44
44
%~:'
8
V3 Jan
35%
100
28%
300
4%'
325
3%
Jan
4%
Feb
11%
4%
Jan
12%
Jan
Jan
'■
2,800
r-
3,800
8
1,800
Jan
4%
5%
4%
5
8%
8
9
5%
6%
.
Jan
May
46 % Mar
<
6%
40
39
40%
79%
78%
80
Jan
Feb
9
Apr
7% Mar
34% Mar
41%
Apr
71
2,300
'
460
80%
Apr
Jan
A
A
11,000
1/64
Jan
33%
35%
450
27%
Jan
1%
1%
700
li
Jan
12%
13%
1,350
Biscuit
series B
A Jan
35%
Apr
Mining
Consolidated Retail
Continental
prior
1,700
10
Jan
5%
Feb
Apr
Mar
Jan
37
Apr
Jan
10%
Feb
Jan
12%
24
Mar
Feb
$6
2%
Jan
118
Jan
108
Jan
110
Jan
6%
: 6%
22
2,800
5%
Apr
7%
59%
1,850
43%
Jan
59%
8%
117
6%
58%
.
59
9%
1,200
8%
Jan
10% Mar
9%
100
117
117
115
Feb
117
Jan
Apr
May
2%
Jan
18%
Jan
25%
Jan
5%
5
5%
6,900
4%
Jan
6%
Feb
19%
.18
19%
6,100
13%
Jan
60
108 %
2%
2%
100
21%
22%
3,100
111% 112%
•
*
.
.
9%
.
8%
19%
I__l
"3%
3%
•
-
9%
%
preferred
—50
200
250
3%
--T
3%
2,900
35%
35%
250
;
•
3% Mar
19% May
Jan
113
Apr
Jan
8%
A
2,300
3,600
21
101% 102%
zzii
15
.
650
3%
%
—5c
common
Petroleum
convertible
May
116
10
100
Co
Reynolds
&
77
30
108
preferred A
Cosden
Jan
117%
,•
Cornucopia Gold Mines
Coro Inc d
Cor? x>n
67 %
2,900
75
1
& Machine Co
preferred
Range
9% May
108
•
Cook Paint & Varnish Co.
Copper
Feb
Jan
117
__
100
10
Oil
Corp
Continental Gas & Electric Co—
7%
2%
7%
1,800
77
5
1
Ltd
Co
Fdy
77
13% Mar
43%-Mar
_10c
Steel
Textile
9%
9
Jan
Feb
Apr
117
100
1
ft Smelt
Consolidated
Consol
"9%
1
41%
— —
*
Stores
preferred
Royalty
'
.
11%
100
2
2
.
_
2% Mar
100
Utilities
Consolidated
Consolidated
13%
1
Co
preferred
Gas
8 %
1%
20%
Apr
Jan
9%
Jan
2
84
2%
33
Feb
J an
14% Mar
21
Jan
Jan
Apr
Feb
4
109
Jan
Jan
Feb
3%
38
Feb
Mar
Courtaulds Ltd—
American
Creole
Croft
receipts (ord reg)
dep
Brewing
Crowley
Cent
Crown
Cork International
"It
A
Drug Co common
convertible preferred
Crystal Oil Refining
$6 preferred
9%
Jan
30,200
25%
Mar
1%
1%
8,500
10%
10%
300
8%
9%
.5,600
17%
1,000
3%
3%
1,300
3%
26%
26%
£5
25%
Apr
3%
1,900
2%
Jan
5
(Md)
Crown
Crown
500
31%
1%
•
Milner ft Co
Petrol
9%
29%
16%
1
Co
9%
30%
£1
5
Petroleum
"9%
1250
•_3%
—
—25
3
common
1110
Cuban
Atlantic
Sugar
Cuban
Tobacco
49
32
5
24
23%
24%
14
14
100
5
5
100
common
Curtis
Lighting Inc
Curtis Mfg Co (Mo)
common
.2I50
49
300
6,100
9%
Apr
31% May
1
Jan
1%
Feb
9
Mar
11%
Jan
7% Mar
9%
Jan
Jan
19%
Feb
Jan
4%
Feb
15
32
Apr
27
Feb
4% Mar
49
May
22% Mar
28%
Jan
13 %
18
Jan
Feb
4"% Mar
6%
12%
28
27%
28
2,050
37
36
37
140
100
Jan
Feb
10%
Jan
13%
31
12%
1
Jan
31 %
Feb
22%
Jan
29
Feb
35%
Feb
40% Mar
ft East Power-
Corp Am
For
Apr
Apr
91
preferred
1st
preferred
$5
22
22
25
Si.60
Burma
Feb
6
Buckeye Pipe Line
Bunker
May
22% Mar
Jan
21
class
4%
Jan
119
Jan
800
•
Apr
7%
"4%
Jan
11
29,500
•
Consolidated
Jan
Jan
3,600
.1
3%
12%
1
1946
& Coke Secur common
preferred series C
4%
17% May
120
110
41%
«%%
Mar
19%
common—
to
extended
c
preferred
Consol G E L P Bait common
19%
common
t
Conn Gas
Feb
350
prior preferred
Brown Rubber Co
Feb
1%
19%
2%
11
25
1
-
Apr
5%
I
Apr
14 %
110% Mar
'
1
wariants—
Southern
ft
Jan
340
reg
Forman Distillers
Brown
37%
117
200
2%
.100
13
14%
lC-%
preferred
9%
11%
25
Arms
28%
2%
A
Feb
16%
1,800
5%
-
Jan
4%
Wire common
100
11%
9%
9%
1
Jan
Mar
34
B
Class
Brown Fence &
Apr
85
200
'
120
11
ordinary
15%
11
18%
Power
6,000
122%
'
12%
12
5
Consolidated
120
dep rets ord reg
"
124% 132
Feb
Apr
Jan
Electric—
Gas &
preference
Commonwealth
Mar
Ltd—
Columbia
British
Fire
Patent
Columbia
Jan
2%
17
Tobacco—
ord
Celanese
21
Jan
„
•
Airlines.—
36% Mar
150
dep rects ord bearer
Am
Am
British
Development
30
13,400
3%
22%
Jan
Compo Shoe Machinery—
17%
Co
Apr
12%
'
.
OiT
Jan
12%
Jan
12 % Apr
48,500
•
common—
Feb
4%
common
American
British
Co
Plow
Apr
17%
[•
21%
19%
118
4
•
-100
-
Co
46%
5%
-1
Oil Co
Corp
Utensil
Mar
3% May
Bridgeport Gas Light Co
Bridgeport
Coal
Aluminum
Cockshutt
Feb
„1
common—!
Electric
Clinchfield
Club
30
54%
2
5%
Feb
34%
175
4
Mfg
Illuminating
70
21%
17%
112%
1
Service
22%
39%
4%
Aeronautical
Cleveland
1
;
Inc
Feb
35
Breeze
Lambert
&
Clayton
Co
Lights
Neon
10%
54
Mar
30% Mar
'
Controller
Claude
Service
1,600
21%
Mar
30%
Apr
3,400
110
131%-
—•
•
10
preferred BB
City Auto Stamping
City & Suburban Homes
Public
15,700
Traction Lgt ft Pwr
Brewster
$6
Water
12%
5
400
1%
21%
•
•
preferred B
Community
28%
4%
13%
1
110
Colorado Fuel ft Iron warrants
24% Mar
76
Apr
16%
700
37
13%
"l%
10
Colonial
Jan
Apr
-
8%
325
20%
36%
37
100
Feb
Mar
Mar
112
1
Mining.
Community
12%
4%
20%
4
preferred
Clark
41
32
10%
25
Jan
27%
~2
.100
900
5
149%
12%
34
preferred
11%
common
Jan
28%
120
common
11%
5
Apr
Apr
4% Mar
10
common
145
4
.25
1st preferred
2d
$5
Brazilian
17%
14%
Bourjois Inc
Bowman-Biltmore
7%
3%
10%
.100
Scrymser Co.
5,900
36% May
.10%
8% Mar
17
Co common
1st preferred
7%
Borne
900
•
common
(E W)
4%
Jan
106
Blckfords Inc common
Bliss
4%
"4%
1
Feb
May
22
70%
70%
14%
122%
4
22
50
Service common
Colon
100
-*
4
common
160
18%
12 %,
65
230
Cities
42%
Jan
21
72%
Feb
11%
1,200
27
26
ft
Barlow
7%
;
26
25
26%
Jan
10%
12%
Feb
U Apr
25%
SChilds Co preferred
Feb
58,100
26%
Feb
15%
Feb
9%
Feb
118
75
4
100
13%
Jan
Jan
Apr
12%
200
121
2%
4
1100
Jan
shares
Steel
Barium
100
100
10%
los Andes—
American
50c
preferred
14%
14%
120
100
Feb
42%
30
—1
;
Rubber Co common
de
Dfd
Utilities
Jan
10%
7%
Feb
10 %
Apr
5%
29% Jan
2,100
19%
26% Mar
Apr
Chief
4,800
8%
Jan
Jan
7% Mar
107
Chicago Rivet & Mach
11,900
150
8%
14%
24
Chicago Flexible Shaft Co common—•
14%
6,100
120
Jan
36%
500
8%
Mar
118% May
6
13%
17%
8
8%
18%
36
14
17
Jan
10
Jan
104%
common..:
Consolidated
Feb
8%
8%
21% May
Baldwin Locomotive—
preferred.
114% Mar
jan
B
7%
112
Apr
.
Banco
130
17%
60c
Apr
113% 113%
12
$6
Apr
48%
113%
500
16% Mar
19
Feb
115
1,300
100
Jan
42%
80
May
12
8,800
17
Feb
18% May
33
112% Mar
6
17
3%
Jan
Mar
70
of America
Co
Corp
Jan
16%
28
25
446
14
25%
600
47% -48%
21%
23
1%
10,400
18%
33
2%
113% 114
6
250
2%
18%
113%
12
25%
Jan
*
20 %
25%
6%
20
Chesebrough Mfg
1,100
Apr
33
12%
13%
5%
2%
11%
13
Wilcox Co
Co
Aircraft
Apr
13%
200
106% 107
pfd opt div ser 29
,
Jan
5%
118% 119
pfd opt div ser
Chamberlin
Jan
100
preferred
Cnans
6%
pfo—J.UU
1
Proaucts
Light 7%
Conv
Feb
Jan
18%
•
com
pfd
ov«
Conv
7%
3
25
1
(BP) & Sons common
6% preferred
Ayrshire Collieries Corp
Baldwin
7%
Feb
58'A
13%
Machine
Elec
&
fower
West
975
1
Purchase
ft
South
1,800
8%
7S
—1
•
Avery
Babcock ft
Ohio
Cessna
Corp
Voting
Automatic
7%
Mar
17
6
5%
1
1% Mar
Jan
Products
Plywood
Automatic
10
9% Feb
1%
10%
Corp
Atlas
23%
Jan
Apr
•
Birm ft Coast RR Co pfd—100
Coast Fisheries
1
Coast Line Co
50
Atlanta
Gas
Power
Steel
Mar
*
100
•
York
7%
xl7
400
6%
10
America
Hudson
New
12%
£1
Associated Laundries of America
Associated Tel ft Tel class A
Atlas
8
25%
6%
1
Co
&
800
1,700
16%
V%
preferred
com
of
7,100
17%
15%
8
Feb
26
25% May
25%
.6%
•
§Cent States Elec 6%
dep rects reg—
American
17%
16
1
Metal Works common
Oil
17%
8
2.50
Equipment Corp
Aro
Ashland
Apr
•
Products
Castle
Central Maine
Art
Feb
Jan
108%
•
W)
Corp
Jan
Apr
25
preferred
(J
8%
108 %
common
Catalin
10% Mar
6% Mar
20
*
20 %
110%
1,600
•
Co
Casco
10
7%
J
Carolina Power & Light $7
5% May
1,300
6%
►
Apr
8%
i
Carnation
9% Jan
5% May
113% 113%
Light $7 preferred.*
Arkansas Power ft
6%
Apr
9% Mar
10%
21%
A
Feb
Jan
115,400
Jan
100
Feb
Jan
5%
Jan
6%
•
4
Jan
10%
7%
1,000
Ltd—
20
7%
4%
100
9%
•
class
3%
10%
,
9
9%
Alcohol—
Products
Co
9
"9%
Jan
voting
non
3%
3,900
5%
4
Jan
Foundry Ltd—
preference
Industries
22,600
8
3% Mar
Jan
8%
voting
City
Carter
Jan
100
Jan
$6
Jan
1%
•
Jan
3
2
700
1
Canadian Marconi
6%
.
Apr
100
2%
5
Ltd
preferred
10%
2%
3%
1
Corp
Industrial
Feb
%
Jan
10%
Car
A
Jan
3% Ma#
2%
2%
2%
10
Power
Co
Participating
Canadian
Feb
9%
5
Range Since January 1
Low
High
.
High
£1
preferred
Class
6%
Jan
18%
1
•
pfd—100
1
non-voting
A
4%
pfd
Insurance
Cement
6%%
Apr
16% Mar
%
25%
10
class
Apr
48
Jan
800
4%
9%
5%
preferred
6%
35
Jan
13%
6%
25%
Natural Gas common
Common
Jan
41%
Electric
Tungsten
Camden
Apr
31
£1
Inc
Arkansas
3%
Jan
275
16%
*
Low
6O0
Class B
Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg
Angostura-Wupperman
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4'%%
Argus
1%
120%
common
Shares
60c
certificates
American
21%
400
46
15%
6
for Week
Wireless—
28
'
Jan
100%
Cable Electric Products common
Feb
25,300
35
45
5
•
.——2
Paper
20,200
33%
16
6%
%
Range
of Prices
Par
Feb
Jan
36
Mar
4,300
Feb
51
24%
% Mar
18
32%
105% 105%
2"%
Sales
Last
Exchange
Apr
Jan
.
3%
Curb
Feb
8%
41%
43
2%
Week's
Friday
Sale Price
York
35% May
450
300
10%
43
105%
New
20"% Mar
31
1,000
113
10%
42%
Corp
Meter Co
American
•
Jan
Canada
American
)
Jan
48%
Jan
STOCKS
American
4% %
Y.
7% Mar
10
Foreign Power warrants—
28
-—25
1
A
Class B
American
S.,; *
YORK CURB EXCHANGE
17% May
Jan
48
class
Convertible
Class
request
on
Jan
86%
2%
17%
Apr
1,350
49%
109
42%
Cities Power & ±»ight—
American
Long Dividend Records
Feb
19%
with
Feb
20
103 % 106
106
100
1
Co
30
List of
33% May
100
41%
100
1
preferred..
6%
American Beverage common
Jan
33%
113% 114
41%
1137/a
—<—•
•
•
Mfg
American
High
29
20
•
100
preferred
Goods
Low
150
8%
Aluminum Co common
6%
Range Since January 1
33%
33%
Co common
Aluminum
Shares
High
33%
10
28
(Mich)
common
eonv
for Week
Low
Par
MAY 4
Sales
of Prices
Last
Curb Exchange
New York
Week's
EXCHANGE
FOR WEEK ENDING
RANGE
202#
J2%o
25c
common.
footnotes
see
page
2025.
23%
113%
22%
23%
9,500
20%
Jan
114%
Mar
D
Feb
350
111%
Jan
14%
1%
13%
1%
14%
1%
2.500
10%
Jan
19.800
1%
Jan
2
Jan
Davenport Hosiery Mills
3%
3%
4%
7,900
3
Jan
4%
Apr
Dayton
6%
6%
300
113% 113%
4%
Jan
14 % May
6%
Mar
Class
»•
Rubber Mfg.
—1
convertible
-35
A
I
THE COMMERCIAL & FINANCIAL CHRONICLE
2022
EXCHANGE
NEW YORK CURB
RANGE
Curb
Last
Exchange
of Prices
Sale Price
Low
Mlg
Ueuiusoii
class A common
UasKet
6%
preferred
Gray
Detroit
16
100
21
Harvard
Feb
Hat Corp
Hazeltine
11 %
Jan
18%
Apr
Apr
21%
Hearn
Jan
Jan
1%
1%
1%
2,100
1%
6%
30%
6%
2.300
5%
b%
Jan
7%
27
Jan
26%
Apr
18
Jan
24%
Apr
13%
Jan
20% Mar
Diamond Shoe common-1
20%
19%
19%
1,500
16%
16%
17
900
11%
Jan
17%
-1
30
28
30
800
20
Jan
30
Dobeckmun
Co
common
~6% "7%
II*
78%
7i
.10
43
43
43
92
Feb
Horder's
28 %
Apr
Hormel
Apr
7%
Feb
Horn
(A C)
Horn
-25
5%
& Hardart
ft
Apr
82%
Feb
4%
600
92
6%
300
Dominion Tar Si Chemical Ltd
Textile Co Ltd
Dominion
Corp
Draper
Driver Karris
Co
class B
Hosiery
Duro Test Corp
75
78%
II
Duval Texas 8ulphur.
3%
13
-1
common.
(Geo A)
12%
Jan
Hubbell
(Harvey;
84
Jan
95
Apr
Humble
Jan
Hummel-Ross
4
Feb
Hussmann
Feb
Jan
14%
Ine
Fibre
prior preferred
preferred
.100
91
.100
59
Malleable Iron
Stages Corp
-25
4%%
•
6%
2%
3%
Eastern
Eastern
3%
3%
2%
Jan
78%
Feb
91
91
57
60
1,800
46%
Feb
60
34
25
33%
Jan
37 %. Mar
100
1%
Jan
2
Feb
1%
$7
47%
49
325
47% May
58
50
47%
47
48%
475
47
May
57
Jan
47%
5%
Co
Elliott
41%
10%
3,100
8
Jan
11%
Feb
19%
19%
50
17
Jan
20%
Mar
12%
97%
13%
94,600
95 %
Jan
100
Jan
101%
Mar
-•
104%
%
102
70
Jan
105
Apr
500
'
1,500
A
Jan
300
11%
Jan
15%
39%
300
35%
Jan
40 %
Feb
23
24%
11,900
15
Jan
25%
Feb
1,750
Jan
70
Feb
7%
46%
375
8%
-1
14,500
45%
9%
11
20O
2%
2,100
61%
67
68
107
12
43
46"%
7 %
(Can)
3%
1
Airplane
Fairchild Engine ft
Fedders Mfg Co
Insurance
Association
Ltd—
Am dep rets ord reg
Ford Motor of CanadaClass A non-voting
1,500
33
Jan
40
11 %
16%
8,800
9%
Jan
11%
Feb
400
14%
Jan
18%
Feb
Jan
15%
Feb
37
Mar
40%
Jan
Jan
11
Feb
124
May
126
May
16
20
38
38
60
126
124
250
32%
46
,
I-
"
26%
47%
30%
Jan
3,900
43
113
Mar
,7%
15%
1,900
7 %
10%
Jan
28%
<
50
Apr
3,000
4
4%
7,100
31%
1,900
16%
17
19%
25%
58%.;:'
55%
18%
58%
19%"
15%
14
15%
;
Mar
23
3%
28
8%
■
Jan
17
4%
Mar
Jan
Jan
Feb
Feb
Mar
May
Feb
31% May
14% Mar
17"
14%
700
•■/ Apr
34
j an
200
29
4%
Jan
17
7%
7%
.",
50
—
Apr
47%
Jan
11%
3
May
16
200
2,400
Apr
17%
52%
19%
24
10
24
74%
74%
10
65%
Jan
9%
7,500
Jan
May
1,000
11%
200
12%
11%
100
11
Feb
6%
-
20
Apr
65
2%
2%
14
Jan
13% Mar
12
Jan
28%
115%
Feb
57%
Jan
71
Feb
3
Jan
600
,200
2% Mar
3
350
55% Mar
68
550
85
68
98 %
95%
98%
Feb
68
2%
65
Apr
Jan
.2%
,
66%
Mar
Mar
52
100
2%
Jan
xll3% Mar
40
64
64%
64
Jan
Jan
26%
2% Mar
Feb
98 %
Jan
Apr
May
21%
22
1,200
19% Mar
22%
Feb
28
29
1,200
19
Jan
31%
Feb
24%
24%
24%
'25
20%
Feb
24% May
15%
13%
15%
6,100
9%
Jan
15% May
21
21
21%
10,500
18%
Jan
22
21
21%
500
19%
Jan
21% Mar
9
9%
3,800
Mar
13
50
Metal
Industries, A_-
•
Petroleum
coupon
shs„•
shares
•
10
Products
Safety
Utilities
B
Razor
Corp
2%
preferred
Jan
2%
30%
31%
1,350
52%
52%
52%
34%
34
35
9
1,800
31%
•
15
com
2%
Jan
3%
Mar
Jan
Feb
Jan
31% May
200
51%
Jan
53% Mar
Jan
1%
Feb
2,000
17%
Jan
36%
Apr
1,500
c;- n
23
1%
:
—
Apr
75
13%
13
61
50
Interstate
Home
Equipment..
1
Intestate Power $7 preferred.
•
Investors
Royalty
"—I
Iron Fireman Mfg voting trust ctfs:—*
Irving Air Chute
:
.1
Italian Superpower A
•
19% May
24%
May
17%
Electric—
$3.50
Jan
17%
12%
11%
10
series
International
Jan
Feb
20
13% Mar
1,050
113% 113%
Warrants
Jan
38%
9,700
16%
43%
Jan
International Minerals and Chemicals—.
Feb
4%
25% May
58*% May
Mar
12%
Machine_T
Hydro
May
13%
Jan
15
11%
100
$3.50
International
Feb
Apr
53
13"
1
common
of North America
Co
Preferred
9% May
32%
68
t c
v
Cigar
Feb
Apr
3,100
11,900
6%
preferred.100
International
Apr
15,500
20
13
International
Feb
2%
24
19%
—-«
Warehouse Co—23
(Phila)
10
Federal Compress &
Fire
3%
3
38%
10%
1
International
2,000
16%
43
Metallurgical
Fansteel
12%
42
1
Brewing
Falstaff
11%
37%
£1
International
12
27% May
24%
>—
preferred
International
—1
24% May
Jan
1%"- "
preferred—-100
100
preferred
Registered
Falrchild Camera ft Inst Co
Jan
19%
47%
coupon
Industrial Finance
Apr
Jan
7% Mar
3,100
Apr
Apr
Jan
1%
29%
—1
Jan
Jan
105%
11%
-50
Line common—
Ever sharp Inc common———
Jan
5%
18 %
16%
Common
49
1%
45%
9
100
700
3,600
6%
£1
%
11
Jan
Industries-
Service 6%>
39%
2
Mar
18
27%
31%
Ireland
14%
68
Apr
106
24%
26
—
Indianapolis P & L 5%%
Indiana
1%
63
13%
Jan
23%
V
dep rets regis
%
68
Jan
Mar
17
110
•
Chemical
14%
24%
11
103 %
24
-
33%
X
Co
Imperial Oil
Mar
97%
»
70
jl
Registered
;
_•
Imperial Tobacco of Canada
_5
Imperial Tobacco of Great Britain ft
13% May
400
2,600
—1
Eureka Pipe
Jan
98%
100% 101%
.100
Esquire Inc
9%
13%
101%
—5
Equity Corp cominon
$3 convertible preferred
39%
5
-50
conv
Am
Jan
-•
-10
common
Derrick & Equipment
Emsco
1,250
10%
19%
preferred _—
.100
Empire District Electric 5% pfd—
5%%
43
10%
1
400
Feb
8
ctfs
arrear
Zinc
Imperial
41
-15
National Watch Co
Elgin
Illinois
*
105
12%
104%
104
-I
.
preferred
conv
Dividend
Feb
•
Jan
1.1%
Illinois Power Co common.
Feb
,1
15
Apr
89
48
preferred series A—
preferred series B—
Eastern Sugar Associates—
i $5 preferred
Easy Washing Machine B
Economy Grocery Stores
Electric Bond ft Share common—
$5 j/i viv*
preferred
$0 preferred
Electric Power & Light 2d pfd A—
Option warrants
Electrographic Corp—.
Jan
May
500
1%
14%
Apr
4,200
34
—
150
38%
Co.,
preferred Hydro Electric Securities
flygrade Food Products
'
14%
6%
Cot>—.
Ligonier
1st
East Gas ft Fuel Assoc common..
Apr
14 %
27
Huyler's common*
11%
26
24%
100
5
;—*
Oil & Refining
10
400
3%
12%
Mar
•
25
13
Jan
20%
•
Baking Co
50
Jan
Apr
8%
250
•
1
Hardart
Jan
3%
51
Jan
2,600
__
Co common
38%
500
8% May
11%
*
0
ft Co common
50
•
common.
48%
Jan
26
12%
10
M—
preferred
5%
40
4% Mar
11%
104%
3.50
A
8% Mar
_»
Duke Power Co
Durham
74
Feb
Jan
6%
Inc.
Apr
Horn
Ltd
Steel & Coal B
Dominion
May
8%
36%
14
Co class
ft
25% Mar
4%
4%
4%
„1
Domestic Industries class A com—
Dominion Bridge Co
(R)
Hollinger Consolidated G
Hoiophane Co common
Apr
Jan
14%
9
Heyder. Chemical common
-1
7
2% Mar
25%
1
Common
-£1
Corporation
Jan
6,400
51
51
High
Jan
30% Mar
300
8%
7%
3
Hewitt Rubber common
Hoe
dep rets ord reg
Am
600
32
Low
1%
4
ll%
100
•
w 1
w
7%
1,500
26
•
common
600
31%
8%
25e
preferred
4
7%
7%
—•
Co
5%%
2%
4
32
Range Since January 1
•
High
2%
2%
50
Co
Rubinstein
Henry Holt ft Co participating A
Distillers Co Ltd—
Divco
Low
5
common
preferred
Heller
Feb
11%
Shares
of America B non-vot com—1
Corp
•
Class A
34% Mar
Apr
10Feb
32
for Week
1
3
Co
Brewing
Mining
Helena
Mar
25%
10
trust ctfs
voting
Dept Stores
Hecia
2% Mar
Jan
6%
Rayon
Feb
9%
92
-10
Diana Stores Corp
Hartford
Apr
.-10
common
preferred
7 %
Jan
1
Co commonDetroit Steel Products—
De Vilbiss Co
9
1
Foundry
Iron
Apr
21%
21
-20
—
Mich Stove
Detroit
Apr
138
Range
of Prices
Par
142% May
Jan
82
10
5,500
10
9%
9!/2
9
Apr
90
nil
Mlg
&
5%
1,400
87
142% 142%
•
Derby Oil & Eef Corp
Detroit
7%
86
50
.100
debenture—
7%
500
Sales
Last
Sale Price
High
Low
Week's
Friday
»
Curb Exchange
Range Since January 1
Shares
8%
7%
9
,
preferred
$6 prior
8 X O C K
York
New
High
7%
_50c
Dejay Stores new common
ENDING MAY 4
for Week
Range
Par
WEEK
Sales
Week's
Friday
STOCKS
N«w York
FOR
Monday, May 7, 1945
%
Jan
1%
Feb
22%
23%
775
9%
9%
200
2%
23%
3%
5,600
>,19
23% Mar
.Jan
9%
Jan
1
Jan
10%
Feb
4% Mar
Ford Motor Co
Class
—£1
voting
B
—
Ford
7%
2,500
5%
Jan
24%
1,000
22%
Jan
24% Mar
25%
»'
—-
Motor of France—
Amer dep rets bearer
25%
250
Apr
22%
Jan
25% Mar
4%
4%
100
Jan
5
7
Feb
3%
*
1
Fox (Peter) Brewing new
1.25
Franklin Co Distilling
1
Franklin Stores
1
Proedtert Grain ft Malt common
1
Fuller (Geo A) Co
1
i $3 conv stock
*
'.' 1%
convertible preferred——100
28%
28%
— —
I*
4
13
13
—
100
4%
24%
3%
1,700
1,000
Apr
1,400
13%
—
28%
34
Jan
Jan
4%
Apr
13%
Apr
17%
-7
.
19%
25
General
preferred
preferred
109%
7%
110%
100
100
•
—
Julian ft: Kokenge Co
73
Jan
98
110
110%
140
6% May
13%
Apr
Feb
325
104
Jan
107%
Feb
60
108
Jan
110%
Apr
xl08% Mar
21%
Feb
116%
114
Feb
22%
Feb
Apr
K
Apr
/
9%
Jan
—
—•
3%
3%
2
2
2%
Jan
88%
3%
Jan
Gen Electric Co Ltd—
300
& Lamp A
1,400
1%
Jan
3%
Feb
13
2,100
33%
60O
Jan
12
Feb
Apr
25%
Jan
20
52%
Jan
63
Feb
20
61
55
43%
Jan
55
May
3%
Jan
5%
7
Apr
9%
Jan
n
Jan
1%
Mar
15%
Jan
2,200
7%
Us
7%
800
Us
800
16%
100
16% May
15%'
16%
600
14% Mar
62
63
-
7%
;
4%
16%
«
4%
1
4%
•-
1
;
•'
•
Apr
9
800
20%
55
55
1
Jan
17% May
34%
18
—
20
61
.100
118
Jan
28% Mar
•
__
20%
pfd B— .100
1%
17%
32%
33%
—
Kingston
Products
Kiiby Petroleum
'
—
16
•
III5
Co
preferred D
5%
Apr
■
17%
•
;
&
Kings Co Lighting
4% Mar
■
,
•
Kirtland Lake G M Co Ltd
3%
;
0
Inc
Kennedy's
10% Mar
87%
'
7% preferred- -100
ft Elec
Kansas Gas
Apr
Key Co common
Kidde
(Walter)
— -
\
Alloys Co
6%
Apr
Jan
—
100
preferred
5 %
Gellman Mfg Co common
Jan
Jan
Apr
Jan
77
—
«...
Jan
17%
55%
—.
23%
24
•
common
Jan
4%
105%
Ken-Rad Tube
Power Co
11%
400
11%
5%
-
'
G
Gatlneau
7,800
5%
•
Apr
12
7,100
•
6 %
4
'6%
12%
5%
105
105%
108% 109%
12%
Co
Jersey Central Pwr & Lt 5%% pfd—100
Mar
5% Mar
—
—
(F L)
-6
6%
Aircraft Engine Co.
Jacobs
Jacobs
Jeannette Glass Co
'
Co
Fort Pitt Brewing
7%
7%
24%
—
24%
'
Feb
'
'
Amer
Gilbert
(AC)
common
Gilchrist
Co
Alden
Feb
Kleinert
9%
Apr
Knott Corp
22%
400
18%
Jan
Feb
Kobacker
100
132
Jan
Kresge Dept Stores—
10
101
Jan
104%
10
84
Jan
107
104
107
107
102
102%
3%
280
Jan
Jan
2%
4
Jan
104
"
—
__
109% 109%
10
16%
400
15%
•—
92
__
52
$7
_•
preferred
Goldfteld
Consolidated
Goodman
Mines
—
$3
preferred
Mfg
15
—
Jan
12%
50
17%
3%
1,300
Jan
19% May
Jan
Grand
Rapids Varnish
Gray Mfg Co
Great Atlantic ft
Pacific Tea—<
Non-voting common
7 %
1st preferred
Stores
stock
450
21%
900
13
%
%
22,000
10%
•
8
13%
97
21%
Class
Apr
«
50
Jan
113
Jan
1
Jan
Jan
Feb
200
1,400
Hamilton
Bridge
Hammermill
Co
Ltd
700
Jan
13% Mar
51%
39%
Jan
50
Apr
Oil
preferred™
Paper
Inc
86
Jan
,
For
footnotes
see
page
2025.
9%
Apr
99
Jan
100
Jan
9
—-
100
-
Jan
11%
Feb
Apr
Lit Brothers
Apr
Loblaw
9%
Feb
Feb
Class
103%
Class
x
A.
B
Louisiana
Feb
150
58
Jan
76
290
57%
Jan
76% May
21%
8,100
15%
Jan
22% Mar 7;
3%
Jan
6%
Jan
1,500
„T.
Si
...
1
-
100
7%
Jan
10
110%
Jan
8
Feb
13% Mar
:
17
60
;
Apr
.7%
7%
1%
Janl
37%
48
Mar
62%
1%
Jan
2%
130
fr4
700
28%
Feb
15%
1,100
13%
Feb
17%
1.500
14
Jan
30%
-250
4
•
500
4
27% Feb
*
•
2% Jan
24
37% May
15% May
19
Apr
.
-/8%
12%
9--
-
5,600
13,100
4%
Feb
Mar
24
Mar
Jan
22
Jan
10%
Jan
12%
8%
,
25
—
135
Jan
140
Corp
Jan
11%
Feb
Feb
29
29
55'A
55%
150
10
9%
Jan
6
2,100
Apr
27%
•
i7
1
20%
9%
12%
6
Manatl Sugar optional warrants
Feb
Feb
Apr
'
34%
*
1,600
2%
2.800
20%
800
37
Feb
112
Mar
32
Jan
37
May
M
114% Mar
convertible
Manischewltz
11%
110
ft.
common
'
(The B)
Internat
Communication
Co
Mfg
2%
20
2% Mar
14%
Jan
Co.—
*
104
Jan
•
preferred.
Consolidated
Marconi
2%
17
Mar
•
33
Jan
3
Jan
22% Mar
135
Mar
18
Mar
38
Mar
Marine
Co
Jan
31%
Feb
Margay Oil Corp
53% Jan
55%
Jan
Marion Steam Shovel
Ltd
6
£1
21
..
9%
10%
2,400
8%
Jan
Apr
Jan
,
v
Feb
30%
18%
.
**12
>
i
Jan.1;
Jan
Y
•
9.
1
Feb
Mar
5,900
;
1%
i
t
Feb
30
Jan
6% Mar
50
30%
231
Feb
10
Feb
Apr
Feb
8%
.
15
17%
«%
Lynch
,..
-17%
37
,15%.;.
12%
Feb
6%
36%
1%
1
Feb
900
15%
58
.
Exploration
14%
5%
11% Mar
109%
4
i—10
38%
109% Apr
25 %
15%
-6%
15% %■:
common.*
10% Mar
.
.•
-
Land
9
1,500
5
8%
1
•
•;
common....
Groceterias,
Locke Steel Chain.*———
15% Jan
76
76%
v
fi
35% Mar
11%
...
9%
4%
10
;
700
—
25
63
.75%
,
8%
25
1,150
113% 113%
1q
Mar
20%
..
21%
1
•
Development
13%
„•
Hartford Electric Light
Jan
48
1
;
Louisiana Power & Light $6 pfd
••-IV
11%
t
.
,
•
Lipton (Thos J), Inc 5 % preferred.
Jan
7% Mar-
*
Lionel- Corp
47
10 %
*
Line Material Co
Mapes
f
50
preferred——10O
Le Tourneaut (R G)
H
Co
•
Feb
Jan
17%
*
— —
'W-
1
39% Feb
$5
Lamp
A.
75%
5
Mangel Stores
Hall
1,1
1
;
B
Leonard
Jan
%
7%
Convertible
Feb
24
39%
7%
Mines Ltd
8%
—-
—
76
12%
8%
'
loo
Lefcourt Realty common
4% Mar
64
J)
139% 139%
36% 37%
37%
100
,
98
-V
•
—I
deposit—
Lone Star Gas Corp
97%
»
17%
17%
«
'
.
Langendorf United Bakeries class A
May
•>
139%
23o
common
_
10O
46%
8
•
,
400
50
46%
25
Gulf State Utilities $4.40 pfd
Gypsum Lime ft Alahastinn
10%
50
13
-100
Co
Lane Wells Co common
15% Mar
19 %
Jan
109
100
Products
Feb
-
•..
Great Northern Paper
Greenfield Tap ft Die
Grocery
61
19%
„
19%
Lake Shore
Lane Bryant
57%
——
-
u..
Lakey Foundry ft Machine
Lamson Corp of Delaware
'
61
10%
—•
10
1
5
*
common
0
,
.
1st preferred
(N
of
Certificates
•
•
Gorham Inc class A
;
—
s
—
.—
V
i
RR
Lackawanna
Jan
5,700
%
Inc
Brewing
.
I
Apr
Apr
Apr
19%
■
19%
110
21%
__
50
—
IZ10
Feb
113
3% May
48% Jan
1
Mfg Co
Gorham
-
common
Mar
Jan
3%
•
class A
4%
109% May
111%
21%
Godcnaux Sugars
Co
Rubber Co
common
Stores
Kreuger
Mar
19%
1
(I B)
convertible
Apr
May
53
—
—
Jan
Jan
20%
19%
20%
Emil)
(D
•
—
16-
23%
145
Jan
13%
„
—-
16%
1%
2,300
102%
3%
Jan
2%
__
*
Inc common
7%
Feb
104
Coal..
Gobel (Adolf)
Apr
8%
22
—.
Gladding McBean & Co
Glen
6%
100
140% 140%
22
•
Preferred
2,500
9%
16%
•
•
•
—•
preferred
Geoigta Power $6 preferred
$5 preferred
Klein
7%
9%
preferred series A
10
General Fireproofing common
•
Gen Gas ft Elec $0 preferred B
•
General Outdoor Adv 6% pfd_
100
General Public Service $0 preferred
•
General Rayon Co A stock
•
General Shareholdings Corp com
1
(6 convertible preferred
•
Gen Water Gas ft Electric common
1
5%
$3
Jan
6%
£1
1
dep rets ord reg
General Finance Corp common
"
6%
29
Feb
Mar
11% Mar
.
\
,
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
2023
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING MAY 4
Last
Range
of Prices
Week's
Shares
Friday
Exchange
,™1
—•
Harris common
Ma»sey
McColl-Frontenac Oil Co 6%
McCord
Corp
Dredging
Mead Johnson &
Mercantile
Merntt
Stores
*
14%
tst
161
7-6
5
161
7%. Mar
8%
Mar
110
llO-
,
100
110
-14%
3%
39
Mar
Jan
18
Feb
Jan
161
May
6
Feb
91
1,000
3%
200
3%
Apr
4% Jan
1,600
14%
14%
—
Mar
144
Jan
110
Messahi Iron Co.
Textile
Metal
25c
Corp—
4%
500
3%
Jan
5% Mar
3%
10
1%
17%
;
14
Plymouth
4
Feb
Midi ale Co
Peninsular
Oil
Telephone
500
28 %
'
Midwest
Piping
Cupplj
&
1
Mfg.,
Light 7% pfd
Minnesota
Mining &
Minnesota
Pwr &
Mississippi River Power 6% pfd
Missouri Public Service common.,
"3%
~3%
3%
•
—*
100
100
4%.
Refineries™
Mid-West
Mining Corp of Canada-.*.
4%
1*11
20%
100
Hosiery Co Inc....
Molybdenum Corp™.
Monogram Pictures common
MonroeLoan Society A___—
.2.50
Dakota Utilities-
.1.10
Montana
1
1
■
1
-
™™
Apr
Mar
$6
preferred
•
Penn Traffic Co
39
Feb
Co.™.
3%
Feb
5% Mar
111%
Apr
Piper Aircraft Corp
Jan
116
Feb
Pitney-Bowes
3
Feb
3% May
Jan
Feb
2% Mar
11
21
300
150
38%
Vt
Apr
1
Jan
13%
Feb
j
31%
31%
31%
125
30
Jan
32 % Mar
i
8%
8%
1,100
7% Jan
8%
Feb
300
25% Apr
37%
Jan
Jan
27 Va X28
-
5%
5»A
5%
9,600
4
Jan
6%
3%
3%
37/a
2,700
3%
Apr
4%
Jan
•
9%
9'A
9%
1,900
.
Feb
1
Meter..™.
9% Mar
X8% Jan
f,
Plough
Apr
Pneumatic
Apr
43
™™50
Pleasant Valley Wine Co
Apr
1
Polaris Mining Co.™
42
18% Mar
40
17%
11
35
•
77%
72
78%
16%
■
15%
16%
138%
5JA
400
16%
200
20%
'5
117
Jan
4
Jan
,
Jan
138% May
6V8
Apr
13%
Jan
17 Vt
Apr
16%
5
,1
78 Vt May
14 Va Mar
600
133
Apr
64% Jan
3,320
1,050
138%
44%
Feb
Jan
17% Mar
3%
Jan
■
Apr
192%
Jan
Inc
7.50
common
Scale
2
1%
2
2,700
1%
Jan
2%
Feb
Powdrell
10
7%
7%
8%
1,700
6V4
Jan
9
Apr
27%
50
24%
Feb
28
Apr
Pratt
131% 131%
22
22
10
134
Jan
Premier Gold Mining
200
18
Jan
23
15%
200
13%
Jan
16
10
Jan
17%
89
Jan
92% Apr
Alexander
&
25c
...
Power Corp of Canada..
27%
16%
__10
common
oo
Producers—.—...
11% Jan
700
Pittsburgh & Lake Erie... ..™.™™.50
Pittsburgh Metallurgical.™™....
.10
Pittsburgh Plate Glass
™25
22
Feb
X40
40
partic pfd—.....
Investors
12,000
21
Mountain City Copper common
Mountain
Mar
"
Montgomery Ward A...—
Montreal Light. Heat & Power
Moody
11 Vt
2%
jan
11,500
12%
20% May
% Apr
10%
37
17%
„1
com__
Postage
Feb
70% Apr
177% Mar
25
pfd....
Ltd.
Mines
4%
Jan
Jan
151% Jan
700
11%
Co..
Gold
2,350
'
,
Mar
16
common.™.™..™™*
Governor
3
57
750
4
70%
168% 172
112
12%
Pierce
Pioneer
Feb
16%
Phillips Packing
Apr
Jan
179
69%
Mar
51
'
common
69%
Jan
3%
70%
172
81
Mar
107% Jan
30
111
Mar
47
•
Phila Electric Power 5ft
9
;
31% Jan
7% Feb
1
34
80
42% Mar
Jan
.*
Pharis Tire & Rubber.
Philadelphia Co
Jan
111
,
100
11% Apr
Mar
112%
•
Perfect Circle Co
3% Jan
Mfg
2
2.50
Pepperell
1,700
—
Mar
5% Jan
15,900
78
2
Light $7 preferred™..*
Feb
Feb
w-
40
29
Power &
29%
3%
"
200
113% Mar
16
190% 191
42
Jan
xl4%
'
Mar
109%
Jan
'
-
,
51
240
13
3%
3%;
Jan
111% 112 %
1,000
'
44%
2% Feb
10 Vt
9%
~
'
30,
Jan
13%
13%
13%
'9%
Feb
48
48
•
com
Pitts Bess & L E RR
Mojud
22
1%
Mar
13
Jan
25
Jan
114 %
20
•
18%
20%
400
Jan
106%
1,100
20
May
2%
1%- Jan
30
49
48%
Jan
60
325
Jan
48 %
Apr
3%
800
3,800
5
68%
69
111"
111%
33%
48%
14'A
Mar
27
.**
;
Feb
550
Feb
Jan
8%
Apr
9%
Va Jan
10 %
2%. Feb
300
Apr
13%
6%
II
3,900
8
Apr
102
Mar
8% Jan
6%
Penn
3%
24%
Jan
97
-~6%
Feb
11
30
.
30,000
41%
5
2%
x22%
.
13%
41%
common.,
A
Jan
10%
10
10Q
24%
102
12%-
8% May
.
•
preferred
3%
3Va
50
Jan
™__25
1
•1,40
Penn Gas & Eiec class A
36
*
—:
.
Co
7
Jan
Pennroad Corp common
Penn Water & Power Co™™
common—.—i*
Abrasive....
Mid-West
Midwest
200
49
Pennsylvania Edison Co $5. series pfd.*
$2.80 series preferred
•
26
8'A
Apr
Feb
Jan
250
Mar
.
1%
10% May
19% Mar
29%
113
43
Mills..
19
12%
*
Jan
20
1
& Reel
Rig
Patchogue
Midland Steel Products— *
$2 non-cum dividend shares™.
110
46
Jan
6,400
Feb
110
•
Jan
14%
109
200
77-1
Jan
14
•
Jan
24%
8%
35
Corp common.
5
Midland Oil Corp $2 conv preferred..*
West
107
102
15%
4%
150
12%
12%
4
37
H*
700
1,000
3,800
4
Middle
[lOO
1,600
9"%
42 Vt
Jan
107% 107%
,
17%
9%
16%
"
Jan
36
..10
Feb
iy« Jan
28%
i_—;—1
Class B v t c-_—.—
.
Jan
17% May
38
200
8%
Corp
50
8ye Mar
.
14% Jan
1,100
37
Service
Motors
Parkersburg
17%
42
112% 112%
•
17%' 17%
17%
Preferred
Micromatic Hone.Corp
3,900
Jan
3
1,300
3,550
1%
9
9%
1
Middle States Petroleum class A ytC.l
3%
10%
3%
•
1%
45
Public
Parker Pen Co
7%
50
Pacific
Feb
Jan
49
preferred
Lighting $5 preferred.™.™
Pacific Power & Light 7ft pfd.™.
Paramount
3%
48%
17
41%
-.25
Pacific
Jan
5,400
10%
Michigan Sugar Co.
110
5%
'
1
—™-
Michigan Bteei Tube
Jan
-
High
37
1st pfd.™. ..28
1st
Pantepec Oil of Venezuela Am shs.
'-""4%.
4%
.2.50
Michigan Bumper Corp
100
5%%
$1.30 1st preferred
Page-Hersey Tubes common..™™.
5
15
preferred..
Participating
~5
..I
100
104
104
..100
preferred..™—
A
Low
41%
common.
Pacific Gas a Elec 6%
5%, Feb
Apr
-
6%'ft
Pacific Can Co
May
17% Mar
13% Jan
3%
Range Since January 1
High
Feb
95
10
12%
60
5%
Shares
Low
Par
7% Mar
2,000
5
y;
,
15
157
-
...
Scott
,
1,200
14%
•
Sales
for Week
1% Mar
36% Mar
.
common
Chapman
Warrants
4,200
9%
Week's
Range
of Prices
Exchange
High
Jan
I
95
~9%
.
.
Memphis Natural Gas common,
...
800
*
i™™
Co
8%
9%
8%,
•
—
—
Lov)
1%
8%
100
—j
$2.50 preferred
McWUhams
pfd
.
1%
__
Friday
STOCKS
New York Curb
Range Since January 1
High
Lout
Par
Mass Utilities Association v t c.
Last
Sale Price
Sales
for Week
Sale Frice
STOCKS
New York Curb
....
4%
4%
16
16 Va
35%
...5
35%
1%
1%
6%
...
4%
1,800
16%
1,500
12%
100
6%
Feb
7%
Jan
-
,
Apr
16%
Jan
6%
4%
Feb
'
'
common.. —*
Power
States
Mountain
Mountain States Tel & Tel-
....
lioo
-.'-I ^
M
22
Murray Ohio Mfg' Co—
3%
Muskegon Piston Ring—™—
Muskogee Co common
6%
preferred
15
14%
14%
—
.100
15%
131
1,000
—
—
.
'
Jan
*
Mar
Feb
Feb
& Lambert Co
Prentice-Hall
Inc
Metals
Pressed
...
—......
*
common—
of
Hi
America.
—™...™*
31
6,100
20
51
12
14%
5,000
%
A
%
10%
11%
8%
8%
73
Jan
300
10 Va
,
Mar
14%
Mar
% Jan
1,200
8%
37% Feb
1% Mar
Jan
1A Jah
,
6,800
70
12%
10%
——
Gas—
1%
70
14%
——1
Nevada
Producers Corp of
Prosperity Co class B™
Providence
III
600
37
Feb
% Jail
13
Apr
Feb
9 V»
8% May
Feb
-y
*,
Public Service of Colorado—
N
Corp
Nachman
_•
——
National Bellas Hess common.
19%
A
National Breweries common..
_•
New
2%
10,500
10
Mar
3% Feb
34
May
12
62%
Apr
15%
9,900
Jan
Apr
21%. Apr
23 % Apr
11
300
11%
12
21%
Jan
21
11,200
21
*
23%
39% Mar
43 %
21%
22;
Lines common..™ ™50o
National Fuel Gas—
24
May
39% Mar
—8%
—
Jan
2% Jan
34
*
common
National City
3
; 34
34
-25
preferred
7ft
National Candy Co—
preferred.™.
100
7ft 1st preferred..
100
Puget Sound Power & LightCommon
—.——......10
$5 prior preferred
......—•
Puget Sound Pulp & Timber
-•
Pyle-National Go common
5
Pyrene Manufacturing
.10
8 ft
Jan
t,
12%
9%
9%
100
8%
Feb
9%
15%
100
14%
Jan
16%
Feb
National Rubber Machinery...—
National Steel Car Ltd—™.
13%
13%
13%
1,000
11
Jan
16
Feb
National Sugar Refining..—™
National Tea 5% ft preferred-
25%
National Transit
12%
167/a
100
115
Jan
16%
Apr
Feb
110%
Jan
18%
Feb
7,200
IO8V4 108%
16%
16%
108%
Jan
14%
30
115
14
14 Va
14 Va
107
13 Vt Mar
75
14%
100
i
17
Feb
13 Va Apr
17%
Jan
-■*
y
.
National Mfg & Stores
Refining
National
common
III
common...—
16%
25%
12%
12%
National Tunnel & Mines common.
1%
2
National
5
5%
2,500
Navarro
Co.—
5
.....
109%
.100
Nebraska Power 7ft preferred...
30
109% 109%
xl7% Mar
May
Jan
107
Jan
9%
*,12%
300
9%
110
Apr
300
8%
Jan
6%
125
6
68.% ,69%
12;
.
1,150
63
12
•
Nestle Le Mur Co class.A.™'™.
'
6%
England -Power Associates.
preferred—
.100
..—
.
.'
$2!" preferred.
.
*'
!
New Idea
iftC
27%
common
67
NewJersey2ihc
.1%
1%
4,900
1% Jan
1% Feb
18'A
18%
IV2
18%
275
15% Jan
18% Apr
33
Apr
Feb
7%
.Jan
.
350
1,100
67%
1,70a
.
66%
300
23% Apr
117% Mar
110% Feb
14%
,
Jan
25%
20% Jan
65
Feb
71 Va Mar
.
28
-Mar
Feb
May
,70%; Mar
*
1
Land
New*Mexico & Arizona
New process/Co
R
Railway & Light Securities
Voting common
10
Railway & Utility Investment A...™_1
14% Mar
10%
Jan
21% Jan
il5%
23% ,25
27% .28>
114
NewEngland Tel At
£Dayeifcr (Sock Co„_
New
2%
'3%
500
3%
2%. Mar
...40"
common™.!™™™...*-;
Mar
3%
J
Feb
40,% Mar
__*
Auction' Co common...
Y
Y.City Omnibus warrants..™——
N Y" & Honduras Rosario
10
N Y Merchandise
!—*
10
5%
200
5%
.
N Y
Shipbuilding Corp—
shares.—™—!~—!.
1
$5.10 pfd.100
Water Service 6% pfd.
..100
Founders
N
Y
Niagara Hudson Power common—.10
5%
1st preferred
100
51 2d preferred™—
—100
Class B optional warrants
«
32
Niagara Share Corp class B com.™_5
*
Nipissing
32
..
32%
400
21
-.
21
150
5
Electric
Noma
54%
18%
19 Va
; 1%
1%:
1%
4,600
25%
26%
1,000
Reliance Electric & Engineering...™J)
17%
Republic Aviation—.......—
1
Rice Stix Dry Goods
——•
Richfield Oil Corp. warrants.™——Richmond Radiator
1
Rio Grande Valley Gas Co v t 0......1
8%
-
—
—
Rochester Gas & Elec 6ft
$6
preferred
30%- Apr
16'/a Jan
20
105
Feb
107%
Apr
*20%
1,100
Xl07% 108 %
75*
77
*190
19%
4%
97
17
107%
Northern
Northern
Natural Gas
97
250
64%
Jan
5
13.100
3%
Jan
1,450
89%
82
Jan
Jan
Jan
7%
7%
7%
2,700
15%
15%
15%
7,100
6% Mar
13%
Jan
12% Mar
~2%
2%
'
2,800
25%
.
8,700
5%
23%
3%
2%
81,800
100
132% 136
41%
42%
54%
42 %
.
2
21% Mar
110
78
Feb
Mar
Corp
8Vs
Jan
17 Vt
Feb
13% Jan
Jan
2%
Apr
19% Mar
25%
Apr
1%
121
Jan
Mar
.55
5'A May
136
May
Jan
42% May
36%
Feb
42 %
May
53
Jan
56
Mar
80
1%
1%
200
1%
Jan
1%
6%
6%
700
5%
Jan
7% Mar
12%
13%
10,500
108 % 108%
25
13=
11% Mar
99%
36%
37Va
975
25
17%
17
17%
5,200
7%
7%
7,600
7%
32
,
32
100
Apr
106% Jan
35
Mar
14% Mar
7
26%
Apr
13%
Jan
99%
Apr
110% Mar
39% Mar
17%
Jan
Apr
9% Mar
Jan
32%; Apr
St Lawrence Corp Ltd
Ohio
Brass
Co
class
Ohio Power 4(4%
Ohio
6%
B
preferred
Public Service 7%
1st preferred
Oklahoma Natural
Oliver
Gas
United Filters
Omar Inc
Overseas
For
common
,
1st pfd.
footnotes
common
B
15
l
i
page
2025.
4%
5%
15,800
4%
Apr
5% Mar
26%
26%
400
22%
Jan
27% Mar
115
115
111% 111%
40
34%
34 %
6%
9%
35
6%
9%
20
900
200
100
114%
Jan
117%
116
115
100
«
.
see
100
26%
100
™™.
8ecuritfe*
.*
Jan
18%
Jan
Jan
115% Mar
6
Feb
2%
Feb
26% Mar
Feb
18
25
Jan
3A Jan
3%
Jan
7,100
10
xl06% Feb
9%- Mar
Mar
.1% Feb
5% Mar
1%. Feb
108% Feb
Jan
14
17
Apr
22%
17%
3%
7%
18%
3%
7%
3,800
2% Jan
3,200
6% Mar
20
22%
8,900
Mar
Jan
4% Feb
8% Mar
11%
H%
6%
6%
7
7
7
7%
18%
Apr
18% Feb
22%
Feb
19% Mar
Mar
12 Vt Mar
18% Feb
200
3,400
600
11
10%
9
Jan
4%
Feb
Feb
3%
300
3% Mar
2% Jan
3%
Jan
6% Apr
7
Apr
3%
17%
150
16% Jan
20 Vt
11,300
6,600
1,000
5% Mar
-5
Schiff
Co
Schulte
9%
5%
5%
3%
3%
—•
common—
30%
1
common
(D A)
Convertible
5%
9
1
United Corp common
Oil Co—
—
Samson
5%
9Va
—5
Regis Paper common.
Salt Dome Oil Co.—
5%
..™1
St
Savoy
17
3%
preferred™
25
Scovill Manufacturing
25
Scranton Elec $6 pfd*
Scranton Spring Brook Water Service—
$6 preferred...
™_*
30%
3%
*6
3%
400
30%
100
3%
7,100
78
74%
78
750
38%
38%
38%
800
8% Jan
Jan
Jan
35
Apr
Jan
7
Mar
9%
Jan
10
10 Va
Jan
16% Mar
Jan
Feb
Feb
7
10% Jan
8%
Feb
3% Jan
4%
Feb
Jan
31%
Apr
5% Mar
22
3Va Jan
4Vt Mar
Jan
85
Mar
34% Mar
39
Apr
70 Va
111% Mar
113 Ya
Feb
112
Apr
...
Scullin
Steel Co
common..
Securities Corp General™
Seeman
Bros
—*
103
106
12%
1,100
46%
100
88% Jan
10% Jan
4% Mar
2%
2%
2%
6,200
1,000
~2 Va
11%
11%'
20 Vt
11%
20%
400
2%
13,000
2
Jan
21% Mar
19
.1% Jan
2 Vt
Jan
19%
12
2,350
550
90%
90%
100
"83%
Jan
90%
Apr
19%
21%
5,300
14%
Apr
21%
Apr
l'/a
lVa
300
U
Jan
1%
Feb
•
Va
82% Mar
5% Mar
1
Mining.
11
3%
Shawinignn Water & Power.™™..™.*
enm
Dfd series AAA
Deposit receipts
Apr
18%
88%
Seton Leather common
aft
Feb
17%
87
1
common
Feb
9% Jan
17%
Sentry Safety Control
Serrick Corp class B
Sherwin-Williams
Apr
3% Mar
12
Feb
88%
1
Denn
5%
47
Jan
2
—25
20
Shattuck
14%
Feb
42 Vt
—™_5
1
Inc
12%
46%
12%
Inc!.—.—.—_™_...—*
B)
290
1
Segal Lock & Hardware...—
1
Seiberling Rubber common™..™.™™*
Selby Shoe Co
;——«™——
-•
Selected Industries Inc common..—1
(R
106
25
....100
16%
120
3%
16%
120
89
Mar
6Vt Jan
ll7/. Mar
100
10 Va
16%
1,700
1,800
15%
Apr
16%
Apr
120 Va
1,300
102%
Jan
121 %
100
105%
Apr
112%
Apr
Jan
115
Apr
11
Jaiji
119 % Mar
111
29%
23%
14% Jan
7% Jan
1%
600
Jan
55
19-
% Jan
1%
t
12
•
50
prel—
$2 conv
Class A
Semler
*
24
107% 107 %
1%
...—2 %
Ryan Aeronautical Co™....™.™,——1
Petroleum.....™.*
Ryerson & Haynea common.
1
$5.50 prior stock
Allotment certificates
O
5
Apr
Apr
l%Mar
May
91% Feb
% Apr
35%
37%
4
2;90b
18 Va
1,100
4%
-
18% Jan
Ryan Consolidated
Convertible stock
Ogden Corp common
1%
.
29%, Feb
98
200
1
•
Northrop Aircraft Inc
1 Va
>
Feb
42%
5% Apr
500
50
——20
States Ppwer class. A
Novadel-Agene
Jan
Jan
98
4%".
—
1
400
4%
22%
Russeks Fifth Ave.—
pfd—100
SO
18,200
Royalite Oil Co Ltd,
prior preferred
50
North American Utility Securities™
•
Northern Central Texas Oil™
5
—.—
-
8%
4%
7%
Rotary Electric Steel Co™
*
——:
B
—
Feb
41%
Northern Indiana Pub Serv 5%
17J/a
22%
$1.20 convertible preferred.,
23% Mar
117
19%
108%
"77
136
North Penn RR Co
Root Petroleum Co
8%
"l%
3%
105% 105%
North American Rayon class
Class B common-
Northeast Airlines
33% Mar
17%
52
20
14,400*
—*
Corp common
Roosevelt Field Inc.,
Apr
4%
—
Rome Cable
-
22
pfd D™—100
115%
24
North Amer Light & Power common.
Jan
22% Jan
54%
Feb
2
Jan
Apr
700
19 Va
S3 convertible preferred.—..™——•
60
_J
Mines—
6% Feb
22
lVa
32%
27
Raytheon Manufacturing common—50o
Red Bank Oil Co.
1
Reed Roller Bit Co
•
113%. J15%
™.
Niles-Bement-Pond
Nineteen Hundred Corp B—1...™.
Jan
100
450
26
*
preferred.. 100
preferred™—t—_——T
,-r^
N Y State Electric & Gas
Mar
.
12
N Y.Power &■ Light 7%
$6
x5
1%
33%
26%
54%
10
Packing Co, common
Raymond Concrete Pile common.™.™*
Roeser & Pendleton Inc.—
N
N
14% Feb
1%
11% Mar
7% Jan
6% v
Feb
Apr
Jan
Radio-Kelth-Orpheum option warrants.
'
New
Jan
Jan
Rath
9%;
(Herman) Corp.
Neptune Meter class A™—
156
Apr
6%
48
Nehi Corp 1st pfd..
Nelson
10
2% Mar
81
162
76% Jan
1,100
162
Feb
Jan
80
162
Apr
12
78
162
13
.100
14% Mar
38
Radio
Union
OH
27%
Apr
1%
1,400
1,500
Jan
11%
1,200
Jan
10
25%
Jan
22%
...
80
Quaker Oats common.
6%
preferred—
Quebeo Power Co
3%
105% 105 %
:
Feb
Jan
15%
111%
16% Jan
115
109% Feb
Feb
9%
15%
107% Apr
1st
3% Jan
111%Mar
5
Jan
1
THE COMMERCIAL & FINANCIAL CHRONICLE
2024
NEW YORK CURB
FOR WEEK
RANGE
Range
Shares
Low
Co
bilex
21%
20%
Apr
20% Apr
Simplicity Pattern
common
Manufacturing Co
Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas ft Elec 7%
pfd
Smith (Howard) Paper Mills—
550
14
12% Mar
3%
3%
3
Aircraft
South
Pa
Southwest
Pipe
California
Southern
8%
9
7,800
7%
Jan
3,700
1,000
2%
Jan
3%
8%
7%
Jan
8% Mar
4%
1,300
4
Jan
5%
44
(Ky)
pfd
~8%
.
!
~8% ~9
53%
60
6
5%
1%
1%
Apr
60
May
5
Jan
7
Feb
6%
Jan
1%
Feb
Mar
23%
Feb
34
Feb
18
19%
22%
7,700
17
32
1,050
27%
21%
20
20%
112
%
iV
i#
%
16%
3,500
7,900
A
fff
3%
3%
105
4%
4%
12%
12
1
Stetson
(J B)
Co common
(Hugo) Corp—
(S) Ac Co common
•J
5% *
1,300
5%
6
7,200
4,775
\
15
17%
13
13
*
17%
■
2%.
•
■
2%
30
30
22%
22%
"A" parti.
"B" common-
Class
22%
•
•
•
•wan Pinch Oil Corp
,
'
f-
; 47% -•
47
5%
Aircraft
preferred
Waitt & Bond
100
class A
Knitting Mills
Wayne
8
Wentworth Manufacturing
West
Texas
West
Va
Thew
common.
Co
r ' 6%
6
32
•
Western
Maryland Ry 7%
-
16
Apr
Jan
Apr
Feb
■.
'14%
Williams
(R
Williams
Willson
Inc
C)
i
Si
Co
21%
3
33%
...1
Tlshman Realty ft Construction
Heating
Tobacco
45
Feb
6%
Feb
&
Light 1%
Portland
—•
Amer
dep rets ord regis
Amer dep recs def reg
Todd Shipyards
Corp
Toledo Edison 6% preferred—
7# preferred.——
Tonopah Mining of Nevada
Trans Lux Corp...
:
American
6%
Transwestern Oil Co.
TrI-Continental warrants.
Cement
-
deposit
York
2%s
f
s
Trunz
inc
>
Union
"Kv
Jan
Jan
3,ooo
:
2,500
1,500
4
Co
Chemicals
32
Feb
May
-
•
4
-United Light &
Milk
:-vI0%
United
dep
•
20
10
7
Jan
Apr
12%
Jan
Jan
5%
Mar!
Apr
13%
Curb
82% Mar
111
>
Apr ■
Jan
-
Jan
:
•
.
Feb
1%
4
116%
Jan
Feb
5%
Feb
58 */
May
2
.,Jan
Apr
12
Apr
Jan
Apr
8%
'
Apr
Apr
U
8 Radiator
'U's
Rubber
United
Stores
common
„
1
"
"~~B
I*
warrants-!—!•
common
Class
"3%
110
23%
Reclaiming
!!!•
common
snft
3
Friday
Apr
71
Feb
10%
11
26
3%
20
-
2,700
109% 110
22
Feb
42,800
210
2
Jan
95%
Jan
Jan
23%
23%
2,100
18%
A
2,500
12%
11%
12%
11.900
17%
18
35,900
Jan
9%
38
67%
87%'
50
Jan
86
Feb
275
~i%:i%
■ :•
100
Jan
14% Mar
Jan
Jan
1% Mar
Universal Products Co
78%
80%
48
48
49
13%
12%
14%
2025,
Jan
23%
Feb
i*6
Apr
24%
Feb
12% May
.1950
Lt
Pow ft
deb 6s
J-J
10%
11%
13%
13 V8
14
1%
1%
Apr
V 40
•
89% Mar
.1961
.1970
89
280
.■
2%
a-o
.1953 V
J-J
97%
M-S
36%
Eleo
41/28
Gas
ft
Elec
J-D
deb
4%s
.1948 1
deb
4%s
.1949
6%
2%
1
4Ta
4%
7
:
5s
deb
AConv
.1968
5%s
Bell
Feb
50
9
Mar
14 %
8% Mar
lst
5s
M
5s
series
series
11% May
Apr
20%
Jan
Jan
2%
Feb
Jan
91 %
Feb
/ 37
B
..1957
Blckfqrd's Inc 6%s
..1962
a-o
-1970
-.1964
J-D
2%s
Central
111
El
ft
Gas 3%s
-
•
104%
{AChicago Rys 5s ctfs
Cities
Service
Jan
series
-
HO--
107
,,108%
112
113%
119%
121
170
175
110%
112%
102%
1051/4
104% 105
18
.
77%•,•79%
56
78%
78
79%-
74
82%
81%
84
78
-
ilf-S
104%
104% 105
12
:
f-a
105%
104% 105 y4
110
1958
a-o
102
1971
t"
.
105%
-
J-D
2Y4S ser Q
Consolidated Gas (Bait City)—
Gen mtge 4%s
.1978
.1954
.1956
Electric
Light 5s
.2030
5s
.1956
&
RR
&
Residential
Finland
5s
si-
General
Pub
Serv
5s
Grand Trunk
Great
Nor
6s
series
Si
Illinois
West
ft
Indianapolis
P
A 7s
-
84%
j-J
.1950
1949
'
r.
J-J
.
M-S
.
$104
71%
$106
3%s__
_
,.1970
1941
coup)
—1955
-
v
—1957
coupon)
F
■
—1952
1941
Power
—1957
6s
J-J
J-J
Superpowei
—196b
6s
McCord
Feb
Midland
3,700
3
3%
Jan
Corp
ft
Power
3%s
M-S
—1966
Light 3%s
at
,
73
106
105
6s
4%
—1966
stamped
to
104%
104
5
.
102%
105%
5
102%
103
4
102%
104V4
107%
103% 103%
$108
109
109
30
55
55
10
54
141
28%
54
52
3
37
52 '
52*
31
53%
•
51
53%
50
50
3
37
54
38
31
99%
99 %
99%
55
97
100 %
40
71
89 %
A-O
—1948
A-O
60
-
,
13
118%
118% 118%
$110
112
$104
—
37
18
106% 107%
F-A
—1963
88
106%
J-D
'
84%
57
88
J-J
Pow 3%s
Valley RR—;
Extended
67
104%
'104%
50%
J-J
1965
Kentucky Utilities 4s
Feb
6
73
Z-
51
54
'
—1952
Lake Superior Dist
25%
106%
106%
104 %
92
51%
J-J
1952
coupon)
5s
Feb
30
104
50%
—-
M-S
Jan,
■
52
F-A
J-J
Jan
106 %
105%
__
..
52
52
—1957
1941
•>
J-D
—2022
26
,.
'!
102% 103
M-N
>
—1955
C
1
104%
F-A
—1969
20%
_.
104 J/4
;
Jersey Cent Pow ft Lt 3%s
150
45
103%
104%
106%
$106 '■*
J-J
Kansas Gas & Electric 6s
15% May
6% Feb
102%
45
$100%
73
84%
106%
101%
2
$106% 108
.
:a-o
Kansas Electric
23%
77
$106% 107 %
a-o
.
Kansas Power
Feb
107 V*
124%
103%
$35
f-a
J-D
11
84%
103% 103%
-J-D V
Apr
4"% Mar
81%
$101% 104%
.
24%
Jan
103
104
105% 105%
105%
-
Feb
18% Mar
104%
124%
$126
,;j-j
5%
A Italian
123
62
106%
.
J-D
..1957
£_—
(July
Debenture
105%
120%
-
106% 107%
—1963
L
(Dec
series
A7s
123
110
"109%
101%
—1950
5s
&
(Aug
Interstate
107
,103%
135
_"v-
Jan 1949
5s
ref
series
108
10
Co—
series
A6%8
A 7s
8
"v
101% 101%
a-o
.1958
6s
{International Power Sec—
A6%s
%'
106%
101%
r
.1963
5%s series B
Seivice
lien
106
103%
M-S
.1953
Jan
Power
'
34
J-D
—
3%
Pow
B—
& ref
104
104%
103% 103%
.1950
Grocery Store Prod 6s
Guantanamo
18
105
105%
104%
.1948
stpd
5s
Power
$121
.1978
5s
West 4s
Green Mountain
r
103%
104
'
105%
105
f-a
t
.1953
& Light
Power
106
f-a
.1969
A
AGeneral Rayon Co 6s ser a
Georgia
102%
103%
M-S
.1961
3%s
Power
101%
Mtge Bank—
stamped
Gatineau
83%
84%
68
5
108% 108%
$108% 109
a-o
.1958
108%
-
J-J
Power
83%
.
2
104% 105%:
$105% 108
«
J-D
.1969
mtge 3s ser P__
Water Lt
,102%
102
104% 104%-
A-O
1969
ref mtge
Elmira
ii
:
(Bait)—
N
ref
1st
a-o
1950
ft Pr
Lt
1st
J-D
105%
58%
\ 59'
195
.
1,
Jan
Mar
38
.108%
i.
1966
5s—
El
Gas
3 %s
5s
5s
Debenture
Debenture
Consol
M-8
%
3%
29
99
1.952
5%s A^
5s—1
deb
Conv
-
1927
—
B.
series
M-S
4,200
3%
I-
38
26
37%-
104%
J-J
4%
314
29-.
194
37%
•■.'74
36%
1955
Cincinnati St Ry
6s
1948
Feb
18,000
38%
V
1954
-
Apr
-.
37%
29%
$111 -•.113%
J-D
Edison
2%
25%
29
112% 112%
Q-F
7%
30
:
137
120% 120%
f170
180
M-N
s
1% Mar
29%
37
257
J108
J-D
•
.I960
_1998
Jan
Jan
29%
29
37%
101% 102%
M-S
.
Jan
21%
98%
I'll
37
.35%
ii
125
126
92%-
36 V8
;
1%
2,500
'102
,
123
35%
37%
37%
4%
6
36%
•
37
700
23%
..-' 36%
102%
1,400
5%
151
a-o
1,200
25 %
98%
F-A
1%
12 %
1
97%
.
,Il08%Tll%
114
M-S
6s
A7s
1 %
200
100
;
110%
125::
-
.1984
—
C
Bethlehem Steel
Apr
May
13 %
600
23%
Feb
2,000
15%
104
108
Telephone of Canada-
1st
11%
21%
High
106%
125
>
.1977
.1953
Atlantic City Elec 3%s
Apr
Jan
80% May
4
January 1
101%
;
110
F-A
2%
2%
1%
104
X102 % 103
125
J-J
i
.1950
Assoc T ft T deb 5%s A
Indiana
Apr
83
Low
Co—
AConv
Apr
Apr
44
125
Apr
A Feb
Range Since
ij
Sold
No.:
102%
J-J
.2024
1st
6%
3,200
8,000
Bonds
Low
1106% 107 \
Feb
1,000
1%
4
Bid & Asked
•/
Writing Paper 6s
Appalachian Eleo Pow 3%s
Hygrade Food 6s ser a_
18
74%
5%
j)
page
110
50
10%
87%
1,225
25%
•
Jan
Apr
3% Mar
9%
80%
14%
!!!!
12%
Feb
26
3/64 Apr
21
common"
see
9% Mar
200
3%
13%
Jan
Week's Range
or Friday's
Last
Apr
61
61
18
_
Utah-Idaho Sugar—;
footnotes
7
20
B
Universal Insurance
Pictures
8%
%
j
Universal Consolidated Oil
Universal Cooler class A
For
25
1
Uriited Wallpaper, Inc
Universal
Jan
5%
25%
10%
I250
"23
common
Reb
Jan
Apr
10
preferred with
4
6%
International Securities
1st
2%
7% Jan
100
;
Graphite
Feb
4% Mar
61
__!•
Foil Co class B
and
7%
900
regis
Machinery
5% Mar
700
7%
7,800
Sale Price
Eastern Gas ft Fuel 4s ser A
13 %
7%
Ltd—
preferred
Shoe
4
Interest
Exchange
Apr
1% Mar
12% Mar
:
Jan
3
!
3%
65% Mar
Jan
4%:;. 4%
•
United Specialties common
S
4%
"•
preferred.
Co
rets ord
Preferred
$5
1,700
10c
United NJ RR & Canal
United Profit Sharing—
U
3%
•
Stores
Railways..
Molasses
: Amer
U 6
3%
l
Products
$3" participating
United
S
3%
100
United Elastic Corp
Gas Corp common
'Urlited
4;
12% Feb
Jan
7
'United
U
3,500
•
Prior preferred
United corp warrants
«>
7
10
common
Cigar-Whelan
'•$5' preferred
'i j
6%
Feb
Jan
Jan
107 %
Apr
7%
200
~6%
10%
8% Mar
10%
105%
11%
1
■
6s
Continental Gas & El 5s
13
ioc
Corp.
United
600
17
9%
35% Jan
1,500
9,200
2
6%
Investment Co
United
600
11
11
106% 107 %
118
1%
■
100
5%
9%
11%
5%
9%
■<
.
107%
25% Jan
1
71% Jan
490
Jan
Apr
__
J-J
Jan
3%
5
Feb
6%
.2018
7%
1
Jan
61
13
Jan
110%
7%
50
1
Union Stk Yds of Omaha
United Aircraft Products
'-
—
81/2 Mar
Jan
Jan
6
•107%
9%
700
58
/
13
Ddylite Corp
Realization
11%
6
U
Unexcelled Manufacturing
Union Gas of Canada
5%
100
109% 109%
Apr
20 % Mar
900
~8% ~8%
1%
convertible. preferred.
Ulen
1,800
103%
12%
12
Tung-Sol Lamp Works
80o
7
—
M-S
36% Mar
4%
15% Mar
Jan
J-J
21% May
1%
Jan
13%
-I960
Jan
55
21
12
6%
;/r:'V
receipts
debs
{Associated
113%
1%
Feb
15% Mar
100
American Gas ft Electric Co.-
Associated
107% Mar
:4%
57%
Feb
14%
High
Feb:
1% Mar
-10
Apr
191/2
—
„
—
10
{ACentral States Electric 5s
—1
35
Feb
.1970
Jah
1%
.4%
Jan
Apr
debs
26
5
27%
deos
12%
1%
Apr
12
Period
Feb
12%
1%
30%
175
17
11%
::
BONDS
20
116
100
Jan
Jan
—
—
pfd—100
Wright Hargreaves Ltd
50
5%
..
-.1
Apr
Mar
150
Feb
f
400
79%
11%
f
13,600
77%
112'A
135+
10
/34%
17
__
1
Apr
27%
-
100
9
i
33%
5%
6% Feb
Jan
Jan
Mar
111
s
21%
65
4%
10
3%s
Jan
5
1,000
3%s
6%
65
Exports.
Security Trust Co Ltd—
Feb
Apr
Apr
3
"1,900
8%
4
24%
1,800
146
34
2
10 % Mar
2,400
Jan
Jan
Jan
17% May
,
9%
11%
23%
3
100
5%
__
*
Petroleum
Woolworth (F W) Ltd-
14% Jan
.
500
11
Apr
Mar
111
191/4
34%
1
B
Amer
8
Product
?
Mar
14%
Jan
29
Feb
33
...1
& Allied Stocks
Tobacco
17
10%
146
146
•
Inc
common
Powei
Wolverine
Boston
Tobaoco
500
Feb
19
.11%:
8% May
Jan
Mar
112
10
•
Woodall Industries Inc
31 /
Apr
25% Mar
40
5
10
5%
10
Wooaiey
Jan
12,700
Feb
18
112
1
Oil-O-Matlc
Products
Wisconsin
Jan
118
Jan
13%
107
•
Wichita River Oil Corp
19%
-24
8%
Apr
Apr
12%
10
10
23%
22
6%
821/4
800
20
3
3
10%
20
New
6%
i
Jan
1%-Jan
100
-
Jan
3,100
—
__
1st pfd—100
Weyenberg Shoe Mfg
100
800
8%
—1
common
30%
Feb
Jan
8%
110
19%
3
5
Westmoreland
100
32
23%-
2
Roofing Inc
:
96
10% Mar
14 %
7
__
•
Coke
&
Western Tablet & Stationery con
Westmoreland Coal
Amer
118
'
.100
—
—
Shovel
54
1.20
Utility $6 preferred
Coal
Apr
14
i
11%: 11% z
Jan
3
330
3,400
14
19%
•
Feb
54
'•
Light 7% pfd
Textron Inc
Tilo
7,000
11%
110
__
•
A Debenture
Taggart Corp common.
Tampa Electric Co common
Power A
;
14%
1%
Co
AConv deb 5s
Texas
5%
77%
10%
11
AConv
Technicolor Ine
5
77
«
-1
.1
Wagner Sckina voting trust ctfs ext..•
13% Mar
/
92
W
Jan
1,075
100
11% Mar
.8
preferred
Petroleum
8%
12
.,.100
.16%. 17%
17%
;
If
Texon Oil & Land Co
94
Appalachian Pow deb 6s—
1
,
Mar
Feb
3% Mar
Mar
Superior Portland Cement—
$3.30
Jan
94
•
700
13%;.
.
...
800
'
1%
Jan
13%
3%
V
y,X<
700
% Jan
3% Mar
63%
Apr
5%
1,100
5%
-2%
.
•
Machinery
Feb
19
15
5%
3%
3
78
10%
;
4% May
Jan
11%
5%
s.
8
Rav Drue. Co^:
15
13%
Jan
Manufacturing.
Waco
Jan
10%
1,100
50
15
12%
13
•
Sttnnes
-
Jan
53% Mar
,
7%
16% May
Jan
3%
61
1
.
129
16% Mar
20
Inc
%
Jan
2%
,
30
1
May
% Mar
Jan
% Jan
4,600
1
preferred
20% May
112
11% Jan
7
900
4%
23% Mar
Jan
A Jan
160
3%
i>
5% Mar
Jan
Mar
A
700
15%
16%
Jan
Jan
18%
xl09
15,000
A
121%
113
21
300
2,100
112
"%
3%
50
4,500
3%
.1
common..
convertiole
Winnipeg Elec
1,200
V
Jan
10%
Feb
4% May
29%
20%
Feb
Jan
x5.!%
300
4%
22%
Jan
Jan
10%
32
4%
11
14%
22%
4%
134%
Jan
1,000
1%
Feb
Apr
Apr
1,900
5%
91
9%
200
4%
Jan
2%
8%
400
1,400
65%
31% Jan
31
Jan
12% Mar
1,100
10%
13%
•
& Co common.
Sterling Aluminum Products
Sterling Brewers Inc
Sun
Jan
5%
1
B
1st preferred
Sullivan
Jan
•
Bterchi Bros Stores
Stroock
81%
9%
(The) Corp voting trust ctfB—1
Steel Co of Canada
•
Sterling
260
91
13%
Starrett
2d
1%
60
—1
5%
29% Mar
1
Standard S Iter Lead-
6%
30% Jan
100
■
1
(A)
600
1,300
13%
100
Co
Stein
Feb
134%
1
20
10
—
class
45%
2%
.
90
120
Tube
Jan
31%
~2%
2.78
1
10
Standard Power & Light
Standard
$4
Venezuelan
Feb
Feb
30%
2
4%
convertible preferred
Products
49V4
32
30%
*
—
Standard Dredging Corp common
Standard
Jan
Jan
30%
31%
50
Co
(Ohio)—5%
Feb
41%
30
44
High
2,250
9%
-1
Class .B
preferred
Common class B
Apr
42%
1,000
46%
46%
Line—
Edison
Standard Cap & Seal common
Standard Oil
_10c
Utility Equities common
Low
74%
10
9% Mar
3%
7%
29
(A G) & Bros pfd
bpeucer Shoe Corp
Stahl-Meyer
Inc
Oil
nil
Products
Range Since January 1
High
72%
74%
14% Jan
3
46%
Spalding
$;.60
Radio
Feb
Apr
4%
original preferred—
preferred B
preferred series C
25
Southern Colorado Power class A—23
1%
preferred
100
Southern New England Telephone__100,
Southern Phosphate
Co..
10
Southern Pipe Line_,
—10
Southland Rovaltv Co
3
Standard
113
Feb
10% Jan
5,300
Low
•
.
Apr
5%
7%
6%
Brewing
Utah
Light $7 preferred.
6% Jan
300
8%
5%%
Convertible
Apr
3%
5%
Standard
13%
12%
12%
Shares
Mar
3
Power Si
Vogt
Co
for Week
Par
Utah
Corp
Corp commonOil
Penn
36
110
Corp
South Coast
Jan
.4% Jan
Manufacturing common—
Boss
Jan
267%. Mar
60
£1
100
Manufacturing Co
Suing
Sonotone
16
3,600
295% 300
Sales
Range
of Prices
Friday
Exchange
$5.60 priority stock—
•
—1
100
Singer
Solar
Feb
32
*
common
13%
13%
Curb
High
Jan
*
Simmons-Boardman Publications—
$3 convertible preferred
Binger
Low
High
20%
Ltd
Breweries
York
Range Since January I
—*
Sherwin-Williams of Canada
Kick's
New
for Week
of Prices
Par
Week's
Last
Sale Price
STOCKS
Last
Sale Price
Exchange
Curb
EXCHANGE
ENDING MAY 4
Sales
Week's
Friday
STOCKS
York
New
Monday, May 7, 1945
106
106
104
3
,
__
106% 106%
$106% 108
103
103
75
76
61
107%
10
—
*"
1
-
105
116%
120
110
111%
105%
107%
106 %
106'A
102
1045%
....
.
75%
-
12
64
76
FOR
RANGE
Interest
Last
Period
Exchange
Curb
Sale Price
or
.1967
P & L 4%s
1st
ref
&
Nebraska
6s
4%s_
series
A
Gas
deb
Conv
New
Debenture 5 Vis
N
N
Elec
Y State
Electric
Light
$109% 109%
109%
110%
United
Lt &
Y
92 Vi
95%
92 Vi
95%.
M-N
A-O
Gas 3%s_
93
1108
M-N
.2004
95 %
A5%s
series
Power
1st
mtge
Ohio
Service
Power
&
109%
Wash
103
West
Light
A-O
106
F -A
105 %
F-A
.1955
5s_
:
102
-■
170
107%
M-N
1979
Pennsylvania Water & Power 3%s_1964
3-D
t
9
106%
110%
$104
106
108%
111
.2
,
104%
102 $$ 103
10211
107-
10231
64
106%
'
:li<-
»
(Maine)f-a
2022
M-N
.1954
m-S
111% 111%
...
__
111%
112%
A
series
debs
2
115%
11$%
70
53%
115% 116
60
$109
109%
105%
110
4
J-D
.2030
a-o
117%
£19
7
101
105 %
100%
105% 105%
1960
5s
: 65'
108
15
105
109 y4
.1964
5s
Traction
59
59%
J-D
118
119
Newspaper Union—
conv
f
s
Rys
1959
104 % 104%
3-D
$ioiy4102 y2
1947
5s stpd
Co
F-A
1937
debentures
106%
109
108%
3-D
101 % 101 %
109
99 y2
ioi y2
110%
106%
~7
109%
109
5s
107
108%
A Stamped
108
105
69%
63
108
3
108% 108%
—
103%
8
107%
1106
tllO
102 y4
78
107
:
...M-N
101%
6s
1U7%
2
102
106
110
107 Vb 107 %
107%
High
107 Vi
118"
116%
122
iS
Power 3%s
Penn
IA YorK
109
105%
1
104% 104%
104%
3-J
1977
5s
96%
106
6s
Water
West
109%
15
105 % 105 y4
__
.F-A
1964
22
106
106
..
'
1st
92%
107%
96%
109 y2 109%
a-o
*120
January 1
Low
103%
5
Light Co-
Penn Electric
Western
1948
Park Lexington 1st mtge 3s
Penn Central Lt & Pwr 4%s
•
195%
..
109%
A-O
1962
4s
Oklahoma Power & Water 5s
Pacific
...
1968
1971
mtge 3 Vis
3s
Public
J-3
redeemed) .1948
(8%
A
1st
:a-o
1952
Si
income
A 5s
North Continental Utility Corp—
Ohio
1959
5%s. 1952
Low
103% 103%
103%
Range Since
Sold
No.
Waldorf-Astoria Hotel—
105
101%
$103% 104%
3-J
108
103%
107
1106Vi 109 Vi'
J-D
A
series
8s
Utah Power
102%
15
3-J
.1949
4s
(Delaware)
Rys
Debenture
107%
35
104 Vi 104%
-
95%
101%
110
Bonds
Friday's
&
United Light & Railways
95%
88
.1968
J
N
Power Co—
1st lien St cons 5%s_.
95%
88%
56
162
102% 103 %
102%
104 %
19t>4
Westchester Ltg
&
92%
M-N
88
175
or
Bid & Asked
3-J
3%s
Edison
United
United
92 Vi"
M-N
.2022
115%
93
..1954
&
Toledo
.1956
A
107
3-D
_1948
series
6s
108
M-S
..1961
3 Vis
Power
Power Assn 5s
108%
114
-I
_1950
5s
England
New England
106
106
106
-1947
New Eng Gas St El Assn 5s
101%
St Light 5s_i
Power
104%
J- J
Last
Sale Price
High
Texas
107% 108
_1948
5s.
Week's Range
Friday
Exchange
High
1115% 118
__
..1948
Amsterdam
New
Low
No.
Low
1105% 106
J-D
M-S
Curb
January 1
102 Vi 102%'
J-D
1981
2022
4%s
York
Interest
Period
New
Range Since
Sold
J107 Vi 108%
3-D
.1955
5s
Power
".i
JJf-S
.1978
Gas Light
Minnesota
BONDS
Bonds
Friday's
Bid & Asked
High
Milwaukee
MAY 4
ENDING
Week's Range
Friday
BONDS
York
WEEK
H
EXCHANGE
NEW YORK CURB
New
2025
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
Volume 161
Foreign Governments & Municipalities
'
3 Vis
1970
Philadelphia
Elec
Philadelphia
Portland
5s
Rapid Transit
Gas
Corp
Coke
&
stamped
Power
M-S
109
13
109% 110%
$107% 108%
*
BONDS
New
..."
$101% 101%
101 %
1959
M-S
106 Vi 106 y4
101%
106 y4
Service
of
1964
3-D
106% 107
106
3-D
105%
105% 105%
103
105%
M-N
155
155
151
158%
155
Queens Borough Gas St Electric—
5%s
series
San
1952
ASchulte
Real
Estate
1126
190%
J-D
1951
A-O
99
—
109
126
127
ALlma
127
90
City
99 %
3-J
>1965
M-S
.1970
A-O
J-3
6s
Edison
Southern
California
Southern
Counties
1st
>1947
3s
.1971
California
3 Vis
Wyoming Coal
Southern
Gas
Gas
Indiana
Rys
Spalding
P
.1951
F-A
>1970
F-A
.2022
108
109%
105%
105%
108%
107
102%
99
107% 107%
102
89%
120
097
106%
.2008
<28%
——
32
>
*
90
4
76
».903
84
13
80
.84
„
n'l
$31%
34%
*
.
.1951
''
'
3-D
$45%
■
—
19
:
trnm•
M-N
16%
>20%
Ub.
38%
•»«*
mm
.
.87'
42%
■"i r
stamped
——
'
_.
~
/
40
$33
5
104%
107
100
M-N
1947
—1947
(issue of Oct. 1927)
35
102%
$45
36
>
45
A-O
$45
J-D
.1931
Mortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s— .1972
.1958
A Parana
(State) 7s
I
107%
20
102%
30
80%
,
— —
M-N
A
99
5-
"105% 106
M-N
8s____
5s
98%
M-S
>1989
L
&
(A G)
108 %
1105
7s
65 %
A
Mortgage Bank of Bogota—
A7s (issue of May 1927)
A7s
4s.
Southwestern Gas & Elec 3 Vis
Southwestern
107%
i
105
106
1
106% 107
High
63
M-S
.1958
;
Laterest reduced to 2%s_
(Calif)—
mtge 3s
Southern
105
23
1105
106%
Low
'
pursuant to Plan
Stamped
No.
84
84
3-J
.1952
6%s stamped..1958
7s
AMedellm
Sheridan
(Peru)
AMaranho
92
96
*
99
99
Danzig Port & Waterways—
A External 6%s stamped
107
106%
107% 107%
M-S
1951
6s
Scullin Steel lnc mtge 3s
104%
107
1106
J-D
1952
Joaquin Lt & Pwr 6s 3
Jj
A-O
1979
A
January 1
-.mm
$28%
90
•'
■■
Water 4 Vis
Harbor
J-D
M-N
F-A
Sold
$66
——
.1955
5s
Range Sihee
Low
$66
J-3
Bonds
Friday's
Bid & Asked
A-O
.1953
5%8
Danish
Extended
Safe
Sale Price
or
High
109
1949
New Jersey—
certificates
perpetual
Last
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1948
A 20-year
7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
V\> ■
Week's Range
Friday
Exchange
102%
1061/4
J-3
.1950
1st mtge 3Vis
Sinking fund deb 4s
6%
Curb
Co—»
4Vis B
Public Service Co of Colorado—
Public
York
Interest
Period
extended
(Can)
F-A
1962
6s
1107
J-3
1972
5%s
Power
$17%
3-D
81
86
>46%
■izri
•
22
a.
22
22 a
75
'
'86^
19
86
"
M-S
$45%
—
38% ."435%
__
__.
pursuant to Plan A
Stamped
M-S
2008
Interest reduced to 2%s
..
'2
LU
mm—
*
de
ARlo
Standard
6s
Gas
Electric—
&
6s
96%
104%
15
96%
104 Vb
38
96%
104
4
96%
104%
F-A
1960
3-D
.1957
1957
1950
F-A
103%
103 y8 104 Vi
88
F-A
103%
103
31
..May
6s
Debenture
24
103 y8 104
A-O
1951
stamped
Debenture.
103% 104 y8
May 1948
1948
(stamped)
Conv
6s
Dec
1
103% 104%
104%
A-O
103%
103 % 104 Vb
debentures
a
& Light 6s
gold
Power
AStarrett
Stinnes
Corp lnc 5s
A-O
103'%
67
96%
103%
58
3d stamped
A Certificates of
1946
3-J
30%
1946
A-O
43
47%
$37
.2012
3-3
.1919
3-D
8%
8%
9
154
3-3
8'/4
8'%
9
54
38%
'37%
36%
22
5%
5% >21%
,
.
value,
a Deferred delivery sale,
d Ex-Interest, e Odd-lot sale, n Under-the-rule sale.
rCash sale,
x Ex-dlvldend.
$Frlday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.'
t*JU»T
{Reported In receivership.
"
.<
48
27
5
69
141
J
2%
v3.
•No
71
45
(Hugo) Corp—
A7-4s
37%
7
104%
96%
*
45
44%
45
6%s
to
Government
Vis
A5
J-3
A
.1921
reduced
Interest
ARussian
■
6s
Btandard
to Plan
pursuant
Stamped
.1959
6%s
Janeiro
deposit
par
,
Stinnes
Industries—
A7-4s 2nd stamped
(Hugo)
43
5
Abbreviations used above—"cod,"
cumula-
certificates of deposit; "cons," consolidated; "cum,"
"n-v," non-voting stock; "v t c," voting trust certificate#!
i," when Issued; "w w," with warrants; "x w," without warrants,
.
,
-^/iT
tlve; "conv," convertible; "M," mortgage;
Service
Electric
Texas
.1960
5s
103:
3-J
103
35
103%
"w
106%
103
.
.
.
-wri
*
OTHER STOCK EXCHANGES
RANGE
FOR WEEK
<doV
ENDING MAY 4
Exchange
Week's
Friday
Last
Range
Sale Price
STOCKS
Bait Transit Co
Gas
E
common
L
v
Georgia Sou & Fla
2nd
II100
com—
vtc.
com
Mfg
Merchants
&
Miners
New Amsterdam
20
Feb
30%
69
Jan
75
Apr
8
Jan
10
Feb
71
72
127
35
Feb
72
59
25
Apr
30
29%
30
365
28 %
Jan
30
Apr
15
15
15
J
10
15
—100
2.50
Trans
2
Casualty
50
,
15
May
1
Feb
45
45
100
100
100
45
■
100
50
143
2.50
35
Feb
28
28
28
175
26
40%
40%
507
38
100%
Feb
28
Mar
Jan
40%
Mar
40%
Apr
45
Jan
87%
May
2.60 Mar
Apr
.
Bonds—
A
76%
76
76%
26,000
76%
76
76%
$26,000
...
prior preferred
—
Eastern Mass Street
—
Ry com
-
6%
1st
pfd
series
A
6%
preferred B_;—1
5%
preferred adjustment
SS Lines lnc
Eastern
common
National
Friday
70%
Apr
STOCKS-—
Sale Price
Par
Week's
Apr
85
100
Tel
Tel
American
Woolen
Anaconda
Copper
&
•
25
Elevated
Boston
Herald
&
10%
100
Ry
Traveler
Maine
Corp.
•
100
6%
preferred stamped
100
class A 1st pfd
19%
*
8%
21
.
9,,
Apr
16%
Jan
650
8%
Mar
9'% Mar
Feb
91% May
89%
91%
125
78%
57%
91
59%
200
47%
Jan
155
3%
Apr
3%
4
104% 105%
105
85
16%
—
16%
101 y4
130
120
85
—
Feh
6Yb
145
50
•
Jan
•
•
9
21%'Feb
59 y2
Apr
4% Mar
109
.Feb
Mar
71
Jan
87
14%
Jan
21%«>Mar
•*"'*
11.1',.'
12%
•
13
150
12 % May
14
35%
170
31%
Jan
36
(l
Jan
i
Apr
344
16
Jan
,24% May
Stores
*
49
411
42%
Jan
49% Mar
Corp
1
39.50
39.50
32
36 y4
Jan
39.50 May
1,288
37 %
Feb
44
17
*
—
40%
Kennecott
Shares
47%
55
165%
2,530
10%
20
34%
871
39%
High
Low
10
130
Range Since January 1
High
19
245
130
110
40%
4,315
46% Mar
156%
9%
29
17
115%
37
Jan
55%
Jan
165% May
Jan
12%
>
34 %
Mar
Mass Util
Narragansett Rac'g
Nash-Kelvinator
Feb
National
Service
Mar
"I'flfr?
National
Mar
69%
Jan
77
Jan
27% Mar
New
1,202
60%
Jan
90
Apr
75
5%
Mar
8
England Gas & Elec Assn—
preferred
England Tel & Tel
footnotes
see
page
2032.
10
10
North
Butte
Mining
Apr
15
Apr
15%
16%
718
10%
Jan
16%
13% Mar
75c
85c
500
75c
100
2
55
101
2%
100
Apr
Jan
May
Jan
1 %
105
Jan
Feb
*
165
1%
Jan
2% Apr
40 Vb
401
35 y8
Jan
40% Apr
8%
"
1,005
5%
Jan
55%
1,217
41 y2
Jan
10 a May
55%. May
1%
200
66%
160
66
10
Jan
1
64%
Apr
l %
Mar
70 V* Mar
u"H
13
21%
12%
13
450
20%
21%
690
30c
1%
*
100
45%
116%
50c
3,403
35c
Jan
13
15%
Jan
25c
Jan
21% May
49c -Feb
Jan
2% Mar
7%
May
17%'
320
10%
Mar
17%
Apr
Pacific
14
15
395
11
Feb
15
Apr
15
16
279
10%
Mar
16
Apr
Pennsylvania RR
Pere Marquette Ry
100
16%
17
88
11%
Apr
17%
18
19
350
14
Apr
19
Apr
Qulncy Mining Co
50c
45%
100
30
1%
57c
42
Jan
50%. Feb
119
109%
Jan
6,255
116 y4
30c
Jan
2,729
30c
Jan
Mar
72c
€
630
Feb
May
4%
-•
46%
38 %
45%
46%
80
38% Mar
46% May
38
39%
1,723
33V2
Jan
39% May
20 %
Jan
37%
Apr
1% Jan
3%
Feb
Jan
Mills
45%
114
1%
3%
Apr
16%
19
190
100
Old Colony RR
15%
16%
'
15%
1%
Jan
19
44
14%
50
•
1
42%
38%
2.50
"5%%
100
100
Stamped
100
5
1
*
Cos
100
1st preferred
Stamped
10% class D 1st preferred-
lnc
Tunnel & Mines
23 %
14
2%
•
Apr
541
14
Assn
19
950
— —
......
41
75%
"
Linotype
130
27%
7
75c
101
1
Associates vtc
Mergenthaler
,
15 Vb
100
preferred
5%
Jan
25%
6%
Central RR common
Maine
—*
*
-15
—
*
Jan
73%
90
B—
Copper
Jan
27%
82%
Bakeries class
preferred
...
Jan
Jan
75%
84
conv
—-•
•
Royale Copper—!
100
class B 1st pfd stamped-
For
■M'i i
204
6%
24 %
100
Stamped
class C
165
18%
130
100
7%
57% Feb
49%
Electric
New
prior preferred
8%
16%-Mar
Feb
22%
Capital
$7
RR—
7%
5%
Jan
41
47%
General
Isle
Sales
33%
*
100
Albany RR
Edison
Boston
47%
165%
50
Bird & Son lnc
Boston
13 ya
202
35%
General
Jan
for Week
of Prices
Low
lOu
Sugar Refining
American
&
.
—1
79% Mar
76
Exchange
Last
Boston
Higkrr
Low
54
6%
6%
100
100
..100
100
—100
100
-•
Januar£°r
35%
Employers Group Assoc
Engineers Public Service
Hathaway
Boston Stock
Boston
—
Range Since
Associates—
Fuel
Gillette Safety Razor Co
American
/
5
'
f''A
•
'
150
15%
52
h
v'.vV'-v
1
High
15%
80'H
t
series
.1975
.1975
Baltimore Transit Co 4s
5s
—
Co—
&
preferred
6%
First
■■
Gas
4 y2 %
May
25
Low
—10
Range
Copper
Eastern
Apr
30
Hecla
&
Service
Cities
Apr
18
35
28
Vernon-Woodbury Mills pfd— II100
U S Fidelity St Guar
601
75
——
common
—
Calumet
Jan
——
pfd vtc.
Maryland & Pa RR
Mt
3.65
100
—
Houston Oil of Texas 6%
Apr
30%
8%
—•
100
RR
Providence
&
Boston
Mar
2,131
8%
'mm**.
2.75
20 %
—100
1st pfd
preferred
Humphreys
"l
Jan
16
75
"
..
>
677
Trust
Prop
>
*
•-
Shares' "■
High
Low
19
29%
30
*
Power
Sugars Assoc
Range Since January 1
High
Personal
Boston
A
3.60
3.10
3.10
t c
.
&
18%
mmm
Preferred vtc.
Consol
Eastern
Low
•
Shares
Sales
.
for Week
Range
of Prices
Par
Sales
for Week
of Prices
Par
Arundel Corporation
;
.
Last
Sale Price
'•
STOCKS—
.
Week's
Friday
-
'■ft,
Baltimore Stock
do
■
i
2
50
5
„
,
100
34%
36%
80
25
2%
2%
75
> •
: j
THE COMMERCIAL & FINANCIAL CHRONICLE
2026
Monday, May 7, 1945
OTHER STOCK EXCHANGES
RANGE
Week's
Last
Par
Reece
Button
Reece
Folding Machine—
Shawmut
Stone
Low
High
60
12%
Jan
1%
20
1%
Feb
15*4
500
14%
Apr
12*4
13%
591
10%
,7"
1% Mar
12 %
STOCKS—
16%
14
Kimberly-Clark
Feb
May
Mar
of Prices
Par :
common
Low
33
Torrington
Union
Drill—
—
Drug Inc
37%
Mar
31%
570
30
Jan
33
19%
;
40
31
40
—•
3
Co
Twist
United
40
20%
500
15%
Jan
—.i——*
36%
7%
9
*5%'
7
preferred
Line
Lynch
United
Fruit
6%
preferred
U S Rubber
Corp
43%
Feb
50
Apr
McCord Radiator & Mfg—
$2% cumulative preferred
59%
130
51%
Jan
60%
Apr
McWilliams Dredging
15%
200
13%
Jan
16% Mar
133% 135%
427
1157%
Jan
48
48
49
58%
15%
.10
—
M&rshsli
Waldorf
System Inc
Westinghouse Elec & Mfg
15%
*
50
136%
Co
Corp
Masonite
common
M'ddle
Wer.t
Midland
Corp
United
&
$1
Chicago Slock Exchange
Week's
Range
'
' 7
V
Abbott
"-7''
'■
,7'-■
Low
par
Steel
Acme
(J
Adams
Admiral
common
Mfg
Corp
Advanced
Aetna
Co
D)
Aluminum
Ball
II—1
''■
Low
5
9%
common'—
Laboratories
Allis
Products
*:!
IIIlO
Corp
*
Co—„_——
,
Chalmers
'•
.
"v-.'v,
165% 165%
5
Aro
1
Equipment Corp common——_
Asbestos Mfg Co common
Athey Truss Wheel capital
,—
1
Automatic
Washer
Co
(W
H)
common.——
8
7%
17%
Belden
Mfg
Bendix
Aviation
Berghoff
[
Co
Brewing
Mfg
21
Jan
41
44
44
"
100
38%
Feb
44
20
18%
18%
350
17%
Jan
19
*
Apr
,'13%
14%
500
13
Mar
16
Feb
25%
550
Apr
Nor
158%
400
32%
North
American
Jan
6%
1,400
,
■;7
17%
Feb
Mar
8%
21%
Feb
Jan
Jan
5%
6%
2,800
3
Jan
6% May
Potter
.7 5%
6%
1,700
5%
Jan
6%
Pressed
7.
9%'Feb
Feb
18%
18%
150
16%
Jan
19
Apr
31%
32
300
26
Jan
32
May
20%
750
16%
Jan
20%
common—_ —5
52%
52%
52%
100
48%
Jan
55
12
12%
450
10% Mar
13
Pennsvivania
Brown
Fence
Bruce
Co
Butler
&
(E
L)
Co
—1
class
'
■
A
Apr
9%
400
7%
Mar
42
May
24
Jan
30
Apr
25%
100
23%
Jan
27%
Castle & Co
Cent
(AM)
Pub
Secur
Corp
Convertible
>*.. -10
common
Illinois
111
Serv
SB
lien
27%
•
pfd—
36%
32%
Apr
37%
17%
13%
Jan
:
i
50
1,200
•
preferred
_
''im>*m '
:;■■■
77
4
•
Apr
17% May
t
for
c
4
,
%
Mar
Apr
4
May
131
Jan
7 8%
170
11,050
16
Jan
Jan
7%
Jan
Chrysler
Cities
Club
Corp
commons
58%
58%
450
53%
Jan
36%
37
300
35
Jan
38%
127% May
20%
20%
9%
Apr
Apr
60
Co
Service
Aluminum
RR
Lamp
37%
Apr
38%
200
25%
Jan
38%
Co
Co
Stove
Common
.69%
500
54%
Jan
69%
71%
a
;,.;7
'71%
10
63
Jan
108% 112%
-10
J
21%
—_*
—
com
4%
20
i
400
93%
Jan
21%
4%
a
common-
Co
partic
part sh
Common
Crane
vtc
2,000
16%
Jan
4%
200
77 3%
Jan
vtc
(Alf)
Deere
:
Dixie
•
&
Co
Cup
,
Electric
Elgin
Fitz
Dredge
Fox
■d'.
Connell
Co
Dock
50
50
46%
46%
25%
100
Motors
Quaker
Rath
Oats
Co
Packing
Raytheon
Mfg
Co
Gossard
(H
Lakes
Great
Inc
Common
(new).,
Electric
Schwitzer
Sears
&
103
r
6%
2,350
4%
Jan
8% Mar
103
200
98
19
200
18 % Mar
21%
38
;
100
'
39
1,200
33%
Jan
39
Jan
77%
77%
v
77%
100
5%
5%
100
20%
/■
1
1
Jan
107
Mar
20%
100
'
69%
7t
5
&
50c
._
19
79
170
76%
Apr
81
Feb
33%
790
33
Apr
46%
Jan
18%
19%
300
18% May
22%
Feb
26%
50
23%
Jan
26% Mar
24
25%
106% 107%
3,000
Jan
25% May
107% May
;
25%
*
capital—
common—
A
7;
6%'
:
■
IIIIIIl
Signode Steel Strap Co pfd
(new)
South
_30
Corp—J
Bend
Spiegel Inc
Lathe
6%
Works
37
15
17
"■
7-
2
*
l,00t)
77. 250
25
7
•
25%
167/av 7* 15
16%,h
Mar
5%
460
16%
.*.5
cap
-
77
37
--
15
•
common
100
600
7'14%
'
18%
400
6%
Jan
36%
Feb
■■
*
'
*
»
,—
6% Mar
20% Mar
33
"
"
33%
x
Common
St
Louis
Nat
Stockyards capitalStandard Dredge common
Standard
Oil
of
Stewart-Warner
Indiana
Corp
•
.7;
20
7
14%
15
Jan
34%
common.;
5
26
Apr
16"% May
capital
,26*4 Apr .7
1,400
3%
23%
Jan
•20%
21%
7' 500
I,'
Jan
1,600
7-
'
35
Feb
5% Mar
7 '
38% May
16
Mar
14
25
Co
^
330
4%
38%
14
150
13
Jan
15
Feb
14%
15%
1,200
14
Apr.
16%
Feb
,32%
33
1,100
31
Apr
34%
54%
55
200
49%
Jan
55
May
150
17
Jan
21
Mar
250
36% Jan
10
Swift
25
4%
37%
Jan
Apr
7,17% Mar
12% Mar
"4%
25
v
15%
Apr
22%
•2,900
6% Feb
38
Mar 7:7
38%
1
capital
Storkline Fur Corp common
Sundstrand Machine Tool common
&
Apr
Jan
Jan
16%
26%
10
common.
Co
Feb
May
78
7
r.
Co
Corp class B
Texas
Corp
Trane
Co
capital
(The)
Apr
72% Mar
United
U
S
'
5
14%
33
25
common
Light & Rys
Steel
54%
25
,
21%
v
112%
Jan
i—
w
39%
x20%
39%
40
18
17%
18
800
68
•
1
67
69
2,100
9%
9%
9%
Apr
Feb
21% May
4% Mar
Walgreen
Co
Stores
Oil-O-Matic
Wisconsin
70
Apr
31% May
Woodall
10
Zenith
May
•
common
Wieboldt
Inc
common
110
7
Bankshares
Industries
Radio
20
300
7
600
6%
*
common
common
Corp
33%
20
20
——*
13%
2
40% May
13%
9%
—*
common
13%
9%
40
31% Mar
11%
750
40
37
Apr
20
Apr
8% Mar
'
Jan
14
8% Mar
300
Apr
May
10% Mar
34%
Jan
'77 "6 7 Jan
1,750
9%
38%
77
Jan
14%
:
18
69
Jan
777 7%
33%
•
com
41% Mar
14% Mar "
58%
900
Apr
Jan
10% Jan
Mar
42
Feb
7 14%
Feb
'
19
Apr
11%
Jan
Jan
31%
Apr
American Radiator & St San
Jan
108%
Apr
Anaconda
Apr
15%
Jan
Unlisted
Stocks—
•
*
corn
Copper Mining,
50
Atch Topeka & Santa Fe Ry com—100
Bethlehem Steel Corp common
•
40% Mar
46% May
19
Jan
25% May
15
Jan
18%
Jan
24% May
5% Mar
Interlake
Curtiss-Wrlgfot
1,700
1,300
15%
15%
710
13% Mar
16%
Apr
39%
200
Nash-Kelvlnator
35%
40%
Feb
New York
18%
4
Apr
Feb
General
Martin
Jan;
Electric Co—
Iron
7 7
\ /
'•*
14
.14%
1,500
11%
Jan
33%
33%
34
1,600
29%
Jan
*J7:'"
"94%
100
76%
Jan
95%
Apr
200
67%
Jan
81%
Apr
6%
Jan
7
'
5% " 7
5%
42%
44
10%
(Glen L) Co common
10%
7
500
10%;;;
5%
Jan.
1,000
38
9
'
Jan
..200
77 3 4% Mar
Mar
44
May
10% Mar
25
capital
23%
.25
.-400
23%
Jan
27
Feb
22
Corp—.—.
RR
■81%
43%
Corp. common
Central
94% 7:
"80
'■-t 7'7
5%
4%
100
20
■
—
common
Feb
12%
.
'
com—•
common!
39%
-20%
22
3,300
15 %
Jan
22
May
27%
2,900
22
Jan
27%
26% 7!
12%
12%
100
11
Feb
13
Jan
17%
17%
200
Pullman
13%
Jan
Feb
28 %
28'A
Pure
100
Co
1
7%
70%
6%
7%
28% May
3,650
70%
69
3,200
14%
a
'
'
——
15
7
12%
6%
62
300
12%
150
III*
17%
17 VB
17%
20%
19%
20%
2,750
9
34%
Feb
Oil
Radio Corp
(The)
25%
Apr
70% May
30
31%
Jan"
31% Mar
53%
53%
100
48%
Jan
53%
20%
19%
20%
1,900
17
Jan
21
*
12
11%
12
2,200
10%
Jan
12%
•
of America common-
23%
2,400
19 %
Jan
24
-
23
Jan
28
1,200
'
23%
7% May
Jan
31%
•
—.—*
common
Republic Steel Corp common
Apr
13% Mar
;
300
_a
com
1
Incorporated
18%
28%
—10
common
Paramount Pictures Inc—
-m*U'
common
Dk
Feb
May
18%
Cummins* capital
Roebuck
Serrick
18
15%
—15
common.
W)
Dr
103
Co—
24%
4%
-1%
common
Razor
Bros
48
common
common
17%
r-
Safety
6%
t
22
4%
Finance Corp common
Goldblatt
capital
common-.*
Feb
104
.
General
Gillette
57%
Jan
10
common-—
10
100
25%
24%
•
Geueiai
■
Jan
33%
'
(The)
17%
50
46%
a
7
<
43
200
50
26
,
250
II10
i
Corp
640
48
&
Auto
1
36
300
5
(Peter) Brewing common.
■
19
10%
1
common—
Drive
19
Ills
—
110
14
*
Household Util Corp
Watch Co
40%
25%
_*
National
Four-Wheel
Jan
13%
*,*._.——
Corp.—
&
—
common —10
Industries Inc class A
Simons
Jan
7'%
10%
31
pfd— -100
common—*.—
Jan
28%
1,400
31
30%
105% 106%
+
a—'
a
common
Co
I
"
a
1.25
Inc
60%
6,400
10
40%
—
cum
60
31%
9
*
a
A
Dodge Mfg Corp common*
Domestic
r
9%
70
30%
31%
1
-50
—
.
Cohn
&
Doehier-Jarvis
*
pfd
70
1125
part shs vtc class B
common
Cudahy Packing Co 7%
Decker
'
A
208 South La Salle Street
Corp
■.
Commonwealth Edison commonConsolidated Biscuit common
Consumers
55
153
Apr
■■
—5
common——'
Uten
&
w~
5
com
capital
Williams
Coleman
52%
Jan
Feb
Feb
67%
*
68%
—
25% May
May
Jan
136
'
•
capital
Feb
7 46%
7 6%
'
100
Utah Radio Products
f
Anr
-
90
Apr
Jan
li
140
8%
2%
17
470
8%
Jan
28
108% Mar
Jan
7120
82% Jan
60
127%
19%
Jan
14
12,600
20%
36%
.
common
300
:
8%
•
common
Chicago Towel Co
j.;
121
18%
•
Preferred
17
17
20%
Chicago &. North Western Ry—
V
Jan
20%
1
common
Jan
%
123
19%
—5
preferred
Chicago Flexible Shaft
99%
3
127%
Central States Power & Light pfd_—•
Cherry Burrell Corp common
Chicago Corp common—
22
80
750
121
•
preferred
50
2%
2%
_*
Preferred
Convertible
'
2%
I50c
.
27%
27%
105% 106
'
1
common
Central S W Util common
Prior
23%
May
153
55
*—10
Feb
36%
'7
"
Apr
37
200
17
''<«»«•
-10
10
1,200
30
25
25%
Jan
43
29%
1—5
common
8%
41%
43
0
*
pfd.
'
•
—5 "
capital.*.——
Brothers
Central
25
150
100
——
com
class
Steel Car
Sinclair Oil
i
—*
:
Feb
J)
Wire
(The)
Peoples Gas Lt & -Coke
Feb
12%
1
common
(E
Co
Elec Switch
1%
19%
Corp
Corp
Sons
&
44
100
common
lien pfd
'
preferred
Penn
7 7 7%
-
common
Peabody Coal Co class B
650
,
5
%
Jan
2%
,
Jan
Pen'
2V550
■
Bancorp
20%
10
com
Corp
preferred
Parker
165% May
Jan
17
50
.
55
Apr
135
Car
Illinois
West Util pr
7%
Apr
48
7
19%
capital———
Co
Borg-Warner
Brach
36
15% Mar
Sangamo
Binks
36
Feb
36%
19%
IIlO
common
Corp
Feb
150
2%
•
13%
750
8%
1
—
common
Jan
40%
Feb
■
Bastian-Blessing Co
*
10%
21
2%
,
100
40
8
-
12%
19%
2%
6
Feb
12%
4%
Apr
8%
6%
14
15% May
1
-.3
_
Jan
13 % Mar
4
—3
common
Aviation Corp (Delaware)-
Barber
7
-
12
100
6%
Armour & Co common—
150
15%
Northern
Jan
Jan
1,000
15%
Jan
Feb
Apr
2%
3%
National
Apr
11%
Jan
38%
Cylinder Gas common™
I
National Pressure Cooker common—2
High
Apr
39%
Jan
Feb"
Jan
29
28%
Apr
15% May
10% Feb
124
1,700
37%
40
16%
50
Apr
38
37%
62%
7%
20
14 V8
55
9%
200
7V
Jan
13%
Noblitt-Sparks Ind Inc capital
7
10%
Jan
10%
48
2,200
May
Jan
16,300
32%
Jan
14%
14
Jan
15%
128
14%
14
3%
National Standard Capital stock
128
Apr
48
27% May
18% Jan
47%
Service
Public
46
8%
48%
Jan
32%
.
Mfg
pfd— II100
American Tel & Tel Co capital—*. —100
American
41% Jan
2,000
33
Jan
1,050
100
10
Jan
100
Apr
7
46
9%
Feb
17%
200
15%
19
46
40
100
25%
18%
23% May
61%
Northwest
Allied
Allied
Jan
55
170
•
Jan
13%
18% Jan
60%
400
50
34%
50
2,000
39
55
16%
1,600
3^0
14%
46
*
27%
9%
35'/2 May
12%
common
67
9%
Jan
23%
*
Co
Jan
9%
32%
3%
pfd
<fc
60%
9%
100
•
Co
200
7v;
35%
15% May
1
common
Ward
67
9%
1
Castings
12% May
110
common
14
14%
Feb
12% May
13% Mar
14%
•
16%
•
common
Bearing
Mfg
Chemical
6%
120
700
38
vtc
27%
27%
•
*
common
A
common
Apr
7% Mar
22%
8
preferred
Montgomery
Range Since January 1
High
100
Jan
9%
23%
*
67
1-25
new
common.,
prior
Inc
Modine
Shares
Laboratories common-
Hart
Monroe
for Week
of Prices
Friday
Jan
6%
Co—
Minneapolis Brewing Co
Sales
Last
Sale Price
Jan
5%
6
Jan
6%
15%
1
com_
capital
Convertible preferred
Miller
STOCKS—
7%
150
38
•
—
7 4% Mar
,
3,400
Apr
M'ckelberry's Food Prod
Feb
35%
.*
—
common—
Apr
45%
-
12%
common——*
Field
34%
Jan
15
common.———————5
80% May
.25
-
90
1,429
80%
i:
8%
x6%
100% May
Apr
78%
1,100
5%
7
'12%
15%
Mar
80%
38%
8%
12%
74%
-25
common
High
28% Mar
7
10
575
110
98% 100%
100%
Co
United Shoe Mach
350
300
: 5%
8%
cpmmon.i—_5
Material Co
Low
33%
45
"44
Printing Co.
common—1
Lindsay Light & Chemical com—*
20 % May
20*4
5
Range Since January 1
7
High
33
Lincoln
173
Shares
'
•
LaSalle Ext Univ common
Libby McNeill gr Llbby common
Jan
Jan
11
'■
Sales
for Week
Range ./
Sale Price
Ken-Rad Tube & Lamp common A
14% Mar
1%
Inc..—
/
High
14*4
10
—
Week's
Last
'■
Range Since January 1
13%
Assn
Webster
b
Low
Mach
Friday
>
*
Shares
15%
Hole
ENDING MAY 4
for Week
of Prices
Sale Price
WEEK
Sales
Range
Friday
»■
8TOCKS—
FOR
.
Apr
Mar
Feb
Mar
'
Jan
13%
Feb
16
Jari
Feb
21%
Oil
Studebaker
U
S
of
common
N
Corp
Rubber
Co
—
25
J
1
common
■•"7-7
*
-77
'■
29%
Jan
32%
62%
64%
800
56%
Jan
64 % May
,27%
29%
600
18%
Jan
29% May
58%
Apr
60
—.
29%
10
common—
■
—
7
19% Mar
18%
Brands
Standard
16%
Standard
—
Apr
Apr
Feb
*
Harnischfeger
Corp
*
Heiieman
'•
Hein
Hibb
Brew
Werner
Hormel
Inc
&
Co
?
Central
RR
—
Katz
Feb
15%
Apr
55%
55%
55%
120
48
Jan
16%
130
14%
Jan
17
38
Feb
37%
38
110
37% May
40
Jan
1,300
17
Jan
22% Mar
50
24
Jan
$6
pfd
a
22%
1—5
r
1
...
corn-
Products common-
Power
Drug Co
17%
Jan
...
new—
Indianapolis Power & Light
Steel
Apr
10%
A.
common
Indep Pneum Tool vtc
Indiana
13%
150
—•
Harvey Inc common
aupp Motors common
Interstate
1,100
11%
16%
class
IlUnols Brick Co capital.
-
100
15%
11%
—,
common
see
page
2032.
10
.100
22%
26
4%
9%
4%
10
3%
Jan
650
7%
Jan
37
650
28%
28%
150
23%
23%
200
.
"7%
—_*
7%
32
13% Mar
Cincinnati Slock
57% Mar
26
5%
f'
Feb
20
Jan
37
Apr
26
Apr
29
Feb
Laundry
American
Products
Prior
preferred
Baldwin
•
-
Xl9%
Jan
8
260
6%
Jan
35
30
12%
Jan
25%
—20
Machine
35
7.—
Sales-
•
for Week
Shares
Low
35
.*
.
-
Range
of Prices
,
1%
Range Since January 1
High
Loic
35%
32%
243
1%
120
Preferred
Apr
5
5
50
5
12
9
10
Jan
103
103
7
103
May
10
Jan
-100
1
Ball Crank
103
8%
8%
300
6%
Jan
9
8%
8%
9%
2,000
7%
Jan
9% Mar
Feb
Cincinnati Street
Cincinnati Telephone
12
.—s
Cincinnati Gas & Electric pfd
8%
l%Mar
Jan
"12
i
.
5
-
Jan
15% Mar
108
Jan
*
Churngold
Cincinnati
36% Feb
Mhr
—7
8
'
——
High
Jan
1
Feb
8% Mar
35
:
Par
Exchange
Week's
.
<"
.Sale Price
Jan
11% Mar
Friday
Last
STOCKS—
American
35
-
Apr
700
36
a
Hit
22
26
•
28%
-.
•
a
40m*
'
4%
10
1
| ; Keilogg Switchboard common
For footnotes
11%
a
com
Hubbell
Illinois
12%
14%
11%
—25
common
Houdaille-Hershey class B
»
12%
14%
8
common.
(Geo)
12%
—1
cap
Parts——.
Spencer Bartlett
Horders
-10
common
Co G
Motor
-50
—
3
.100
-50
12
2%
12%
13
184
3
343
108% 108%
J2
13
81
81%
*
22
*"
2% Mar
107%
Jan
12% May
3% Feb
109
;
Feb
835
8%
Jan
14
Feb
166
78%
Jan
83
' Mar
,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
161
2027
OTHER STOCK EXCHANGES
RANGE
Ran(e
Stock
Union
Low
Crosley
Dow
Corp
100
12% May
16
Jan
35 Va
114
28% Mar
39
Continental
*
Preferred
105
9% Mar
107
16%
16%
98
13%
Jan
Apr
16% May
29
10
26%
Apr
33%
106
106
106
10
j
16%
ft
Insulation
Apr
Jan
29
100
-
Eagle-Picher
7
120
8
8
_
_
ft
Art
...
4
r::ioo
preferred
73
73
46
40
Jan
87
6%
6%
Participating
172
46
46
Hatfield
Detroit
Edison
6
Jan
class
*
A™.
«*
Kahn
_
1st
_
-
46
Apr
*
Kroger
__
_
_
Lunkenheimer
——
Federal
Motor
Feb
76
Feb
Mar
46
Va Mar
Gar Wood
Truck
class
13%
Jan
Goebel
Jan
Graham-Paige
36%
Jan
278
43%
Class
70
Jan
114
Apr
27
Jan
32
B
56%
3
Mar
5
May
55% Mar
61
Feb
25
24
Apr
120
3%
Feb
50
4%
4%
U
S
49
49
—
ft
4% May
45%
Jan
Jan
4%
Mar
56
Brewing
1
Hoskins
City
Ice
Fuel-
&
Columbia
General
Kingston
Car
Kresge
Prod
Michigan Die
common
Steel
19% Mar
21%
21%
5 %
35
20%
Jan
22%
69
70%
799
62%
Jan
70%
35
145
26 %
Jan
35
Corp
Jan
4
40
Jan
5 % Apr
Apr
May
Packard
Co
Week's
Motor
Last
Range
for Week
Sale Price
of Prices
Shares
Par
Basic
City
Body..
Elec Mfg pfd—
Refractories
Apex
—
Ice
Parker
Wolverine
Cleveland
Elec
Cliffs
Corp
Detroit
Eaton
111 4%%
common
Mfg
Rubber
&
Jan
7%
3
Jan
25
Apr
8OV4
Jan
93
Mar
3
IO93/4
Jan
Jan
114%
Halle
common..—
Bros
—
1,360
18'A
5%
7,375
5%
Apr
73/4
—
49
Jan
58%
Hanna
4%%
A)
(M
26
Jan
323/a
49 Va Mar
573/4
50
163A
Jan
23
6%
Inter lake
55
40
52
Jan
55
Laughlin
al08
al08
38
;
Kelley Island Lime & Tr_
15%
15%
™'r;
,
McKee
{A
Medusa
class B_.
Cement..
G)
_ft
—
Ww'-'
Shirt
United
U
S
—
Acme
National
Refining
National
Tile
37
116
r
class
& Co
Aircraft
Warner
—
1%
4
Los
Apr
Barker
Feb
52
May
Apr
5%
Jan
100
Jan
20 V8
Jan
26% May
200
153/4
4%
141
43A
.15%
Feb ;
17
STOCKS—
Bandini
Bros
Dorn
Apr
42%
143/4
25
17%
Jan"
16%
35
20
41'A
Western
''■'.-.v.-
•
Works
Iron
Stores——
Invest Corp pfd_ .100
Drug
Reserve
Jan
Mar
20
17% May
r
929
39% Mar
42 Va
Jan
565
:
a22%
22%
Apr
23%
Apr
Jan
24%
,
'
(Jwv
Sheet
&
22
350
18 Va
17%
18%
485
14
Mar
130
Apr
130
Jan
51
130
'*
130
•
Graphite
Investment
Central
Aircraft
•
General Electric common-
—
♦
Glidden
Co
ft
Interlake
New
Iron
Oil
Republic
U
Steel
Steel
S
19%
May
a
a
Jan
50
Jan
433/4
Apr
25%
Jan
31%
Apr
10
315
a27
19%
44
32
alOVe alOVa
a26
a
common
39%
37%
70
a30% a31%
.
alO'/s
ft
Ohio
Apr
320
a44
a26%
—
Central RR com
York
192
a49 Va a49%
a43
a 30%
common————_
50
19%
Mar
Fuel
Colo
Preferred
————
of
Emsco
Derrick
Oil
Corp
Motors
McBean
Gladding,
Goodyear Tire &
Mar
17
20%
Feb
Mar
331
19%
Jan
24
279
58%
Jan
69% May
5
*
'
*»•
?
—
.
Packing Co
1
10
common
1
*
10
common
1
Oil Co
10c
-
1
Company
—
—
—
15%
7
Oil
Mascot
Company
Corporation
Pacific
Pacific
Petroleum Corp
-
Shares
Low
1
Burroughs Adding
Burry
Biscuit
For
Machine—
footnotes see
page
2032.
2%
Jan
23/4
Mar
40
Apr
Jan
5
Feb
*7%
Jan
2,130
3%
1,825
4%
5% Mar
7
400
100
13 %.
7%;,
15%
5%
10
2
150
1,610
775
300
12
650
10%
Jan
12 Vs
Apr
41%
545
37%
Mar
41'A
Mar
1%
1%
_•
-V.
—
Jan
67/e Mar
5%
Jan
7
9%
Apr
4%
Jan
Feb
5
Mar
"100
9%
Feb
525
1%
Jan
815
5% "
Jan
6%
13
4% Mar
Apr
13% May
7%
Apr
15% May
6%
Feb
Mar
10
2% Mar
5%
Jan
Sales
for Week
Shares
High
15
4%
13A
15
4%
Range Since January 1
High
Low
,
2,125
740
5,200
4
30
40c
2%
4%
200
3% Mar
5%
Jan
30
May
25c
Apr
40C
May
1% Mar
3
Jan
2% Mar
4%
Jan
2.80
Apr
700
2,920
1,025
145
10
21
Jan
24%
Feb
26
Apr
28%
Jan
33%
Apr
141
50
77
88
Feb
Apr
5%
a 115
594
94
Jan
97%
Apr.
a27% a27%
21% 22%
29
29
14% 14%
10
1,195
305
1,754
17%
Apr
28
Apr
18%
Apr
25%
Jan
26%
Jan
29
Apr
10%
Jan
14% May
71
Jan
76% May
86
a4%
„
,
76"% '76%
14% 14%
11% U%
350
372
290
100
32c
32c
12
1,025
1,507
530
15%
7
530
14%
6%
1,550
790
69%
20%
57
—,
57%
57%
—
75c
75c
300
—
28
19%
28%
20%
1,315
935
—
4%
4%
250
13c
13c
2,000
28
—
15"%..
23%
18
1.75
Jan
26 % May
400
Western
Oil
Corp—
1% May
2%
Ranch
Richfield
Ryan
Oil
Oil
Corp
Aeronautical
Safeway
Shell
Stores
Union
Oil
Feb
Trading
Apr
769
500
981
300
7,800
15,000
Signal
Petroleum
220
14
Jan
15% Mar
400
3
Jan
4Va. Apr
Sinclair
Oil
Corp
25
1-226
170
1,092
100
,
300
*'2®?
42c
common
1
•
40c
12%
42c
12/a
663
1,289
Co_
1
6%
7
725
Co
Calif
•
—
17
3%
Jan
Feb
20 3A May
5%
Feb
Feb
lie
Feb
19c
13%
Jan
16%
Feb
45c
Jan
60c
Jan
19%
Jan
23% May
17%
Feb
18% May
67 %c
Feb
75c
1.45
Jan
Jan
6%
Jan
Feb
2.00 Mar
23c
Apr
9% Mar
20c
7%
14c
16 Va' Mar
8c
20c
6%
Corp
20% May
Mar
1,366
a22% a22%
a28 a28%
10c
14c
9c
9c
16%
17
693/4 May
95c
27c
40c
__
Jan
29'A
26c
35c
a22%
Feb
62%
Jan
27c
*
15
25
1
Feb
8
Jan
Apr
7
Inc (new)—
Corp;.
8ierra
16%
Va
6
15 Va
-1
1
12%
7
Apr
75c
1
Co
Jan
13
Feb
530
57% Mar
1,280
—
Feb
510
60%
7%
—
40c
Jan
70c
1.60
al4% al4%
37% 38%
41% 41%
51%
52
24% 24%
20
20
Mar
Jan
533/4
7
—
11%
30c
225
17c
—:
Feb
Jan
Apr
7%
38%
15%
10%
Jan
20c
—
12% Mar
16%
15% '15%
50c
50c
21 % 23%
18 18/s
•
Jan
51%
1.60
—
Mar
4%
423
70c
1.55
—10
25
25
*
*
10
,
Jan
17%
2.85
Feb
11%
12 %C
;
300
High
411/8
-1
_
Low
*
Mfg
McLaren
Range4&x«e January 1
High
2%
Lighting Corp common
Public Serv 1st pfd
Rice
1
■
Brown,
2>/«
common
Republic Petroleum Co common
for Week
of Prices
Corp common
Elee
&
Pacific
8ales
Range
Last
Gas
Pacific
Detroit Slock Exchange
Week's
;T
1st preferred
6%
-
37
1
1
Ltd
Oceanic Oil Co
Pacific Finance
Rubber
125
57
—
1
1
.
Inc—
Aircraft
Northrop
DETROIT
Occidental
Baldwin
5%
69%
19
„_10
Corp
Mfg Co
Menasco
Telephone: Randolph SS30
Briggs
9 % Mar
Apr
—
—
10c
..
Angeles Investment Co__;
Nordon
_
Jan
20%
i
Co
Aircraft
Lockheed
*
•
*
Motor Car Corp
Petroleum
—
—
1
Co
Bros
—
—
Bank__100
& Co_
Rubber Co com
Car
Motor
Lincoln
New York Curb Associate
Ford Building
_
7
Chicago Stock Exchange
.
Sale Price
Jan
3
6%
7
al08%
all5
14%'
Radio
Development Co
Holly
Los
Friday
13%
1,230
1,200
9
3'A
39
85
a4%
—
Aleiabers
Electric
Jan
Feb
7'A
26%
26
a33% a33%
—
A
&
Hancock Oil Co "A" common
Hudson
WATLING, LERCHEN & CO.
Allen
5
Feb
4
2.70
—
——5
.—1
Co
class
Stores
Apr
Lane-Wells
STOCKS—
Jan
12%
25%
26
—
4
,
A
Television
10% Mar
Jade
m
3%
520
2%
•
Merchants Nat'l
&
Parnsworth
Fitzsimmons
General
Equip
&
Co Ltd
Hupp
Detroit Stock Ex change
1,750
5
3%
28%
30c
1
America
Douglas Aircraft Co, Inc
Electrical Products Corp.
Hunt
Exchange
Apr
Feb
Low
4%
2.80
•
—*
Consolidated Steel Corp
V
New York Stock
3%
—
1
Corp——
Iron
&
27%
a23% &233/b
.
ft
Jan
Range
100
Corp__!
Co,_„—
Jan
8% Mar
21%
a66% a68%
—
—
common
2%
3%
Week's
__
*
Chrysler Corporation
Farmers
a49%
a44
—1
Bronze—:
18% May
y
Unlisted—
Cleveland
131
•
a49% a50%
;.:...,
550
15
40c
common
*
Consolidated ——1
California Packing Corp common
Exeter
:
15%
of Prices
—
1
2
Bolsa Chica Oil Corp
1
Broadway Dept Store Inc com
•
Byron Jackson Co
—— *
'
Tube———
Jan
Feb
21%
-re- "
*
Youngstown
Corp
1
Co„
Petroleum
Creameries
Van
Weinberger
13
3% Mar
Jan
3
Jan
2
460
3
a22
a22
31% Mar
Angeles Slock Exchange
Berkey & Gay Furniture Co
Blue Diamond Corporation
Jan
31
42%
—
Feb
Last
15%
7%
Jan
17%
new
Jan
5%
—
Friday
10 3A
13% Mar
Jan
20
Zl5
Ohio
of
Oil
Feb
Sale Price
Apr
23 %
153A
.
———_—
Bros
Standard
18% May
5%
10
1%
,—
1
common
Products
Screw
Wayne
33%
43%
3
m
Richman
Jan
3%
13 %
♦
B
Jan
100
ft
Electric
13%
Feb
29 %
6"%
14%
5%
7
15%
*
B
Cessna
Reliance
Jan
Apr
175
—
Patterson-Sargent
3%
3,983
313
300
6%
—
1
A
class
39%
52
4%
•
.
Feb
7
31
7
01
common
Cooler
Jan
110
10%
a25% a26
common-;——
2%
709
6%
—
1
Specialties
27 Va
125
*31
4%
—
Feb
1,100
1,615
4%-
—
*
common
Jan
51
——,
Mar
9%
3%
39
6%
*
common
Dist
Radiator
Universal
—
1
110%
31
'
V
Metropolitan Paving Brick
National
-
.
ft
55c
18'A
8%
3%
9
i
common
Investment
United
Barnhart-Morrow
10%
10%
Portland
Jan
3%
12% -12%
—
10
—;
Apr
106%
11
/ft
32c
Apr
1% Feb
Apr
3%
5
5
12%
1
1
„
33
5
{-]
a33 Va a33 %
—
—
Jan
9
600
350
3'A
May
•
Steamship
&
1%
2"% Jan
3%
9%
15
Par
Jones
18,650
51c
6%
31
15
Mar
38
'
\
-10
common
Feb
22%
55
J
Feb
Feb
220
22%
ft
pfd———
1%
28
Apr
50
50
—
....
Jan
Jan
105
—5
Preferred
Feb
1%
26% Mar
Apr
Feb
a56% a57%
a57 %
—
5%
3%
•
Paper
"
'•1
Rubber
Goodyear Tire &
Jan
24% Mar
a29% a29%
——
3%
17%
18%
Feb
a57% a58 Ve
__
29%
3
—
—
53/4
22% ;
22
5%
5
Co
13% Mar
Jan
3%
9%
3%
1
Products--
Mfg
Class
20%
alio Va alio Va
,
4
———
-—
Tire
Feb
1,439
90%
Jan
15%
11% May
t
Raisin
Walker
25
89
——
73A
133/4 Mar
100
21%
~-5 /
Apr
7
90%
ft
pfd—
Jan
12'A
20
a6%
21%
ft
Cleveland Navigation— —5
&
General
•
Iron preferred
Cliffs
High
LOW
6 34
190
"106
a6%
—
12%
45c
48c
•
common
Peninsular Metal
Union
650
"■
6%
12%
106
1
Fuel
&
.
1,010
1,404
500
*
Udylite
Range Since January 1
High
6%
12%
■
.100
—
—
Cleveland
Low
6%
5
Jan
1%
*
Car
Tlvoli Brewing common
Sales
Friday
—50
Jan
Apr
9'/a
1%
1
common
Timken-Detroit Axle
Cleveland Slock Exchange
&
Feb
8
—
10
common
Davis
Parke,
Sheller
Coach
4%
Jan
/«._
50c
Simplicity Pattern
American
Jan
5%
200
500
435
2%
Tube
Chemical
Park
River
Akron Brass Mfg
3%
500
7%
4%
1%
28
1
Abrasive
Scotten-Dillon
STOCKS—
600
4,145
70
4%
4%
1%
28
I
common
Casting common
Mid-West
Jan
70%
8% Mar
7% May
Jan
1
(SS)
Screw
Masco
Michigan
15%
.10
Jan
62%
27'A
1
Drug
Apr
291
Brands
7% Mar
7
1J788
13
28%
1
common
19
18%
5%
Motors
6,634
11%
13
28%
*
common
Products
49% May
18%-
Gas
Standard
May
12% May
11%
12%
—
2%
common
Motor
Jan
19 %
29
Mill.
1,720
7%
70
10
Mfg
Hudson
Murray
Rolling
9% Mar
4
6%
Unlisted—
American
780
8%
7
7
5
Jan
123
33%
Preferred
57
69%
1
—,
common
14%
19
49%
'
'
50
Jan
8
7%
10
43
49
18%
49
21%
Printing common
17'A Mar
42%
26% Mar
486
58%
25
>
—
.
Playing Card
8
„_1
McClanahan Oil
U S
Jan
100
Mar
720
5
Jan
110
200
30%
4
183
4%
25
58%
15%
57
12%
7% Mar
43% Apr
ft
.
175
712
12
__
3
common
Finance
Motors
50
4%
ft
A_
6%
16%
Jan
6%
__
*
Industries
General
Kinsel
Procter & Gamble
Randall
Jan
5%
57
Apr
~4 %
ft
21 %
__
12% May
30%
_
Pumps
2,517
3
Corp
48
4%
ft
National
Apr
22%
16%
85
113% 114
ft
Jan
23%
Mar
5%
16%
80
ft
gtd
7%
400
1
Corp common
12%
_
_
Miami
Apr
12
5%
2
Steel
48 Va
42%
43y8
_
Jan
21%
21%
20
Hall Lamp
Leonard
Little
_
___
High
8%
5%
—
Detroit-Michigan Stove
12%
100
—
Low
455
11
Feb
7%
67
..
5
10
common
Detroit
48'A
_
_
preferred
Range tlnce January 1
Jan
45
155
46
Nav
common
General
Hobart
10%
1
common
& Cleveland
Ex-Cell-O
Gibson
Motors
Shares
High
Feb
Detroit
Drug
Formica
12%
Sales
for Week
Low
Par
High
34%
35 Va
__
LOW
High
Sale Price
STOCKS—
Range Since January 1
12%
12V2
ft
Week's
Range
of Prices
Last
Shares
ft
Yards
ENDING MAY 4
for Week
of Prices
Par
Cincinnati
WEEK
Friday
Last
Sale Price
STOCKS—
FOR
Sales
Week's
Friday
1«0
131
9,000
2,000
1,453
Jan
29c
Feb
29C
Apr
40c
Jan
34 %
Jan
38% May
38%
Jan
41% May
48%
Jan
52 Va
Apr
23% Mar
20
Feb
24 Va
May '•
5 Va
33c
10'A
Jan
Mar
Jan
6% May
20
8%
Feb
Jan
43c
Apr
13%
Mar
9%
J ah
23%
Apr
23%
26%
Jan
27%
Feb
4c
Jan
14c
Apr
9c
Jan
10c
Apr
15% Mar
Apr
17% Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
2028 /
Monday, May 7, 1945
OTHER STOCK EXCHANGES
RANGE
Week's
Friday
WEEK
MAY
ENDING
Range
for Week
of Prices
Shares
Par
Aircraft
Low
Low
High
Ltd
25
preferred
—-J.-*#.,
preferred class B
6%
12%
High
<!•:/:
Calif
5%%
preferred
Southern
Co
Edison
30%
class
30%
30%
44
—25
30%
1
Budd
(E G)
Mfg Co common—
Jan
30% May
Budd
Wheel
Co
Jan
45
43
95
30%
182.
30
885
...•
44%
32%
Jan
Jan
Curtis
Jan
46%
Apr
39
Jan
44 %
May
6%
7%
Jan
Pub
Prior
*>
Milling
Corp
I ~Ji
Delaware
Electric
Jan
a.''
15
609
16%
16%
f:
Jan
16%
11%
10% Mar
,
11%
2,602
34%
271
.24%
2,292
21
_25
California
of
Universal Consolidated
Oil
,24%
21
500
15%
Jan
28
Mar
20
158
16%
Jan
20
Apr
.10
Co.
Air Lines Inc.
Western
Co
a7
Co.. .-10c
Calumet Gold Mines Company— -10c
Cardinal Gold Mng Co——
.—X
8c
2c
2%c
Mammoth-
Cons
Mng
Mng; Co'——.
Imperial Development Co Ltd—
2c
-
,
a7
._25c
3c
4c
Feb
34% May
Lehigh
20%
Jan
25% Mar
Power
National
1.50
Jan
7%
10%
Jan
16% May
112%
3an
113% May
&
Jan
10c
2%c
Jan
Light—.
12%
11%
64%
y 49%
•
—
'
9%
Jan
12% May
40
59%
Jan
64 V2 May
16
Jan
22%
•
21%
1,058
49%
50%
449
68%
70%
'2,675
28
28
13"%
•
70'/a
i.
;
895
12%
21
__
92%
875
64%. 64%
13 %
Power 6c
!
•
11%
44% Mar
Apr
Feb
51
'
Jan
70% May
50
21%
Jan
28
14%
3,034
12%
13
1,384
6%
Jan
13
May
545
7%
Jan
10
Apr
Jan
—7%
62
Jan
8c
Feb
1.00
Jan
1.25
Apr
Salt
Dome
Feb
6%
5,431
5%
38%
37%
39%
4,210
32%
Jan
39ya
Feb
38%
38%
175
37%
Mar
41
Jan
25%
24"%
26%
1,585
21
Jan
26% May
6%
•
6%
27%
27%
100
preferred
Motors
15%
Jan
•
pfd
28%
Jan
119"%
454
30 V2
Jan
36%
35%
37
335
32 %
Mar
26%
28%
19%
Jan
48%
46%
' "43%
48%
26%
50
.—50
117
24
Feb
Apr
Jan
32% Mar
37
May
29% Mar
1
42%
Feb
48% May
36%
Jan
44% May
27%
10
15%
Jan
27 % May
9%
9%
200
8%
Apr
47%
—
308
544
48%
142
42%
Feb
48'/a May
61%
1
Oil Corp
Jan
28
31%
..'——50
—
24%
926
31%
__
3
.'
....
28
119% 119%
25
Corp
Reading Co common—,
1st preferred
Reo
9%
9%
38%
J
Philco
Feb
5c
May
v
9%
;
10
Mfg.
preferred
2nd
13
•
May
50
Salt
Phila Elec Pow 8%
Feb
13%
__50
Light——.-a-i.
Pennroad Corp
Pennsylvania RR
3%c Mar
2%c
2c
106% 113%
•
:
Coal & Navigation
Val'ey RR
Pennsylvania
Feb
7c
1,000
1,100:
44,000
3c
2c
6%
3,000
16,000
,.4c
1.50
•
1
Cons Chollar G & S
445
»
28
80
9c
Black
16%
——.10
4.4%
Mining Co.. .__10
Gold
12% May
15%
Motors
Mining Stocks—
Juneau
Jan
15%
.;
Philadelphia Electric Co common
$1
preference common
Alaska
10%
*
common
Storage Battery—
Lehigh
Oil
"Union
2,242
Jan
n
33%
24%
—
High
12%
'
.v.:
—
—5
Tran6con 6c Western Air Inc..
Low
11%
Gimbel Brothers
Apr
20
Corporation
"Transamerica
16%
——
Range Since January 1
High
Low
12%
5
;
preferred
General
Taylor
Shares
•
•
Chrysler Corp
31%
161
6%
for Week
Feb
Jan
Mar
39%
1,840
6%
44
Jan
484
30%
44%, 45%
7 44 % '
Oil Corp
Sunray
31%
30%
Pacific
Company—
.Standard Oil Co of Calif-
44
31%
31%
25
C—
14%
26%
f1,289
Par
-
Jan
Sales
Range
*
Sale Price
11
135
-i_25
Southern
Orig
12%
1
Company
Week's
of Prices
Last
STOCKS—
Range Since January 1
'
Solar
4
Friday
Last
Sale Price
STOCKS
FOR
Sales
62%
29
57%
Jan
62%
!
44%
•
f;
Unlisted
Stocks—
<
Scott
Amer Rad & Stan San Corp.
American Smeit
Refin
6c
Viscose
.100
Corp
—14
—
Copper Mining Co
Armour 6c Co (III)-,
165% al65%
a5X% a51 %
P Ry Co
Atlantic
—.
Refining
Aviation
Barnsdall
Bendix
Oil
Co
Corp..
Boeing Airplane Co 7—
Borden
Company-
Borg-Warner
—5
98
34%
Apr
35%
Feb
5%
Jan
6%
Feb
Jan
Jan
24%
68%
Jan
a43 %
Jan
20
Pacific
Railway
Caterpillar Tractor Co
Cities
Seryice
574
18%
Jan
2%
Apr
•
43%
42%
43%
131
38%
Jan
44%
Mar
1,736
13%
Improvement—
Westmoreland
Inc
Coal
16%
10
Westmoreland
20
Columbia
Gas
Commercial
Solvents
Commonwealth
122
Jan
35% Mar
Apr
40%
Feb
14%
650
10%
Jan
14%
Apr
59
610
48 %
Jan
59
May
Par
a21
107
20%
Feb
20%
Feb
*
4%
Jan
5%
Apr
Vultee
/■
Corp—
Edison
1
Aircraft
25
-Curtiss-Wright Corp
1
5%
5%
-1
|(
Electric Bond & Share Co
Electric
!!;'!;
Poods
■
Z—♦
Co
Northern
*
'
!
1
>
Libbv.
McNeill & Libby
Loew's Inc
New
York
Aviation, Inc.
Co
Fort
42%
Sales
Shares
Jan
5%
Jan
" —' 199
50%
Jan
52%
240
30
Jan
34% Mar
508
18%
Jan
29%
y;
Pitt
Home
*
>
38%
38%
155
8%
8%
195
85
2c
.
Star
10
Apr
9%
Apr
78
Apr
78
Apr
48%
Jan
61%
1,050
22
Jan
160
9%
Jan
1
19%
Jan
24%
256!
17% Mar
7
1,680
20%
7%
.."5%
1
*
Refractories
'
■
28% Mar
30%
mmwm
Brewing
a27% a28%
185
26
a53 a54%
Mar
28%
48% Mar
51%
753
17%
Pittsburgh
Plate
•
12
1,485
?11%
10%
Jan
23%
•
—k
!
23%
560
19%
Jan
79
101%
al06%'al07%
__15
—
23%
17,
a45% a45%
—
'
♦
.■7—
24
Renner
Co
Reymer
&
San
Jan
106%
545
13%
Jan
"17%
Jan
44%
12
33%
States
Vanadium
Glass
Alloys
Wpstinehnuse
IIZi
vtc.
Jan
Jan
38
7%
Jan
62
1
27% '29%
l..
Corp
Co
25
1,231
18%
a33
...45
31% Mar
34
143
49%
55
Feb
a32%
— y
—
•
10
Corp
a41% a44%
19%
*
Company...100
Inc..
10
Corp
,19%
Jan
29% May
••
a
...
...10
*
.
Pictures Inc.....—^
Woolworth Company (F W)
92%
—
128%
a
580
a28%
Jan
20
Mar
84%
Apr
92%
Apr
Jan
117%
Jan
33%
Feb
35
Feb
120
68%
13%
*
al33%
a
14%
a
-
915
.•
135%
a46%
..50
68%
>
140
a47,,
21
23%.
120
123
1,175
'
a45% a46 %
242
28
Apr
59%
13%
44%
32 %
Jan
Friday
Week's
Jan
Apr
68 % May
15%
Feb
17%
41
Jan
48
Mar
Feb
123
123
Feb
Jan
Jan
23%
41
May
Jan
Range
American Stores
«
Tel—
Shares
Low
21%
ioo
v
t c_l
Corp preferred
2032.
165%
5c
common
12
3
1%
455
7:7
107
Jan
2%
360
";,7;
Jan
58
5
6%
Apr
4
Jan
62% Mar
Jan
164
7%
118%
Feb
May
2%
v
Jan
Jan
132%
.
7
Apr
9% Feb
22%
13
50
29%
70
1%
90c
Jan
1%
9
100
9
Feb
9
5c
500
5c
Jan
8c
Mar
2%
,i
100
1%
Jan
2%
Apr
A'
125
;
.
700
37
H50
37
30%
31%
57
133% 135%
77
166
'
34
Jan
38
27% Mar
116%
20%
165,
21
Jan
Feb
Apr
31%
—-
Feb
137%
Jan
North
4th
Apr
1871
St., St. Louis 2, Missouri
Phone
CEntral 7600
Chloago Stock Exch,
Chicago Board of Trade
New York Curb Exchange Associate
Bell Teletype SL 593
St. Louis Stock
High
21%
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
'
STOCKS—
American
Brown
Inv
Shoe
Burkart
Pepper
Co
Low
High '
T
664
17%
Jan
157 %
Jan
20
16%
Jan
25
Mar
165% May
22% May
70
common
24
Jan
25% Mar
23%
Jan
26
Apr
113
112% Mar
113
May
113
10
16%
17
75
16
34%
35
145
34
15%
16%
498
18%
18%
6
1
Cement
com
common—!_
Bldg Equip common
Louis
Cqr
common
St
Louis
Pub
Serv
Aluminum
"A"
—
com
1%
1
10%
Jan
14%
Jan
20
Feb
Apr
106
Apr
105
160
1%
Jan
38% Mar
,
1%
16% May
Feb
2%
Jan
24
51
23
Jan
27 %
40%
90
39 y8
Feb
41%
Feb
4
8%
8%
200
Feb
11
Feb
14%
14%
90
Jan
14%
Apr
14
5
20
25
*
14
5
20
14
1,480
5
740
20%
470
8
11%
9%
5
17%
Jan
Feb
14
Mar
May
5% Mar
Jan
20% May
21%
21
22
17%
Jan
22
21
21
21%
1,730
21
Apr
21%
21%
4%
21%
75
19
Jan
24% Mar
4
Jan
10%
10%
9
Jan
12
15
15
122
11%
Jan
15
*
3
10
1
5
390
170
10
May
Apr
5% Mar
Apr
Apr
1
13
13
13%
475
11%
Jan
13% May
common.——10
18
18
18
215
13
Jan
18
May
39 %
39
39%
190
35
Jan
40
Feb
common
425
25%
Jan
30%
Mar
Stix,
10
57%
Jan
70 %
Mar
Wagner Electric common
Fuller
105% 105%
Mar
17%
40%
5 *
St
105%
Apr
24
100
common
Dry Goods common——
&
275
*
—
Rice-Stix
Baer
Feb
630
*
Candy
Sterling
Mar
25%
———100
common.
common
St Louis Bank
Jan
10
*
National
1,436
70
Shoe
Missouri Portland
34
Feb
26
com—.—100
common
Range Since January 1
22%
29%
Brick
Christy
Light
Mar
8
5
—
Steel
30
26
100
—
Gas
50
200
9
*
com
common
—
Monarch
32%
1
Huttig S & D common—
Preferred
49
100
preferred.—.
Pressed
Jan
24%
common..
Hussmann-Ligonier
Hydraulic
45
*
common.
Griesedieck-Western Brew
Preferred
High
8% May
85
9
common
Brewing
Jan
616
48'%
32%
Co—,—.
Electric
Emerson
Low
7%
8%
48
8%
48%
common—.—
Electric
Range Since January 1
High
#
common..——
Coca-Cola Bottling
Dr
Low
common-
Mfg
Laclede
165%
29%
.
Exchange
Friday
Laclede
for Week
of Prices
Par
•
page
12%
Feb
Members
Laclede
Sales
Last
Sale Price
STOCKS—
see
Jan
9%
New York Stock Exchange
Falstaff
Philadelphia Stock Exchange
For footnotes
10%
1,260
Feb
Apr
5c
Established
Knapp
Bankers Securities
1,257
ir'-7'
;
•
300
Key
Baldwin Locomotive Works
22
Edward D. Jones & Co.
International
&
Apr
St. Louis Listed and Unlisted Securities
Century
"
117%
190
a
...10
17%
105
a30
„
23%
39% Mar
110
129%
a58% a59%
—
39% Mar
"317
a35% a36%
<
5
I
216
Jan
v
19%
91%
—
5
Company..
Western Union Tel Co class A,
Westinghouse Elec 6c Mfg Co..
Willys-Overland, Motors, Inc..—
Tel
22
6%
2%
:
w—
—
Westinghouse Elec & Mfg—
Feb
a54% a54%
-
25
r
Tide Water Assoc Oil
Company
y
1%
■
Par
Company, ...—■
Gulf Sulphur Co.—
American
22% Mar
20
60
hi, 7%
——___
Brake
Apr
29%
Autocar
77
9
7
0
Steel
Air
Feb
57%
.
Jan
132% 132%
1
common
Apr
29%
35 %
196
Corporation
Apr
18%
2%
:
3
60
Apr
5%
134
Jan
213
Warner Bros
2
—
Jan
22
200
12%
«
——.—
Apr
: 105
Steel
Jan
Apr
34%
a34 a34%
Rubber
5%-
18%
Apr
2%
1% Mar
143
22%
12
1
Bros—..———_
Mining
Toy
Mar
a37% a38%
S
200
11%
60
*
Pittsburgh Screw 6c Bolt Corp
Feb
30
1
-16%
*
12%
,a62% a64 %
S
Feb
5%
Bt, Louis Stock Exchange
—
U
1% 7
22
1.25
Glass
20% Mar
Jan
....
U
7
598
21%
5%
•
—
Feb
195
20
25
Railroad
10% Mar
Jan
21%
'
*■
common——
...
Feb
25
Aircraft
20
Feb
335
12
«
■
38% May
Jan
(Ind)__
Pacific
Feb
9%
4 Va
.",45
5%
12%
10
—10
Apr
33%
(N J)—
United Air Lines
15%
18% 7
10
22
Gas
Feb
270
758
30%
38%
Co
United
15% May
21%
common..—.—..
Feb
Jan
5%
Co
Union
34% Mar
Jan
Apr
38
12
*
Carbon
Jan
13
1% ;7
~
—5
Fireproofing Corp
27% Apr
11% Mar
399
1
Oil
6c
28%
2%c Mar
19%
20
Carbide
155
128
Apr
l%c Jan
"30%
•
39%
Jan
Oil
Union
High
32%
15% y
5%
::.i
Corp
Fuel Supply—...
Preferred
United
100
-24% "24%
25
—
Apr
Standard
Texas
Low
y
.
32%
10
y
*
common-
Commercial
(Joseph)
Pittsburgh
Apr
Standard
Texas
Range Since January 1
y
100
27%
10
7%
50
___
Railway Company..
Brands, Inc—
Swift &
10
"
Electric
Walker
National
Jan
278
<
2c
26%
35% Mar
_1
Socony-Vacuum Oil Co.—
Studebaker
7;Vy"
High
17%
•
Candy.
Brewing
Mountain
60% May
8
Low
:
15
•
CO
Feb
for Week
1
Apr
54%
6% '
±
6c
34%
Range
.
Brewing
Harbison
43% May
590
-19%
Corp of America.—.
Republic Steel Corp..
Standard
Jan
L)
Gas &
Duquesne
Lone
7%
"
Roebuck
20% Mar
Jan
Week's
—
Apr
6% May
40% Mar
-61% '61%
24%
Radio
Bears,
38%
13%
150
a24% a24%
Co
Southern
%
153
10
—10
Inc
Oil
Jan
Jan
LI
Co
Pictures, Inc__
Pennsylvania Railrokd Co
Phelps Dodge Corp.Pullman
9%
4
887
26%
1
—_
Paramount
Pure
301
(D
Continental
Jan
250
2c
—
Car
17% Mar
Apr
■
Jan
20%
6%
"
—
•
RR—,
Co—___
y, 6%
Jan
60%
-
—
American
Motor
Jan
19%
43%
—
.18
American
Oil
Clark
Feb
5%
103
Co
(A M,) common———...
Byers
Feb
350
Steel
Ludlum
Columbia
12% Mar
19%
a78% a78%
38%
*
...5C
Co.—
North
Ohio
22%
,
a32% a33%
29
29%
■'
—
North
Packard
22%
Jan
Mar
Allegheny
Blaw-Knox
Apr
a53%. a55%
•
Copper
Central
—
7
McKesson & Robbins, Inc..;
Montgomery Ward & Co, Inc
City
Jan
19%
30%
of Prices
Friday
Apr
7%
a54%
713%
\
Kennecott Copper Corp...
Mountain
Jan
9
12%
—
.
Sale Price
STOCKS—
Apr
5%
a
43%
;
& Tel Corp-
1%
21
.
a41% a42%
—
17%
31
60%
:
'.
'
•
Int'l Nickel Co of Canada!
Int'l Tel
'
1—1
Ry Co pfd
"•
43%
'1'7
18
970 y.
96
6%
—r.
—.
Graham-Paige Motors Corp
Great
•
1,
Corp
(B F)
Jan
H Feb
12%
■
*
General Electric Co_„
General
—r
5
——
Power & Light Corp—
Goodrich
al9%
...
29% Mar
234
a22 % a22 %
-1
16%
,
200
2,250
11/
10%
„5
..._
.
a20% a22%
11
„1
—
75
.31
1%
31
-1
Corp.——
Continental Motors Corp.—
Crown Zellerbach Corp——.
a 17%
17%
r
77'
:
—-
Corp.
...
Last
1,150.7
5%. 5%
a
Co
*
34%
17
35
17%
19%
33%
—
Pittsburgh Stock Exchange
Feb
34%
39%
59
5%
Corp.—
& Southern
Commonwealth
Cons
Electric
&
16%
19%
—
Feb
120
a20
Jan
1%
165
;
Jan
1% Mar
486
7
10
i—_
1
2%
Jan
1%
V
59
——
Company,;
Apr
Jan
1
,
1%
a36% a37%
•13%
Co..—;—25
%
1%
300
1%
*
Canadian
22
3,343
tV
—
—•
preferred
United Gas
1%
2%
—
25
common
80% May
17%
Corp
1%
2%
—
25
Jan
Apr
30% Mar
17%
——1
10%
.135,
80%
18%
$3
Apr
26%
Mining
,>41% a43%
>
-15
—
Jan
95
a52 a52%
80
Jan
Jan
.145;
a23% a24%
—5
—_
—_
Corp
...
a29 % a29%
»
8%
6%
•
Tonopah
United
%
*
common.
Transit Invest Corp common..
Preferred—
Mar
77%
155
5
—-
Bethlehem Steel Corp.—r
Feb
34~%
Paper
Oil
Sun
Apr
50
6%
—5
—
Aviation-
}
165
240
1,390
5%
47%
Feb
Jan
96%
96%
Jan
Feb
29%
a7%
T a33% a33%
-13
Locomotive.Worses vtc—
761
33%
6%
3
—'
42%
14%
10
a7%
,
.—25
Company—i'—-
Corporation
Baldwin
5
Jan
161
582
33%
.100
Anaconda
12
95
a47% a48%
a
165%
a51%
-50
A T & S
a
425
14%
:
Co—.—
Tel 6c Tel Co—
American
Amer
14%
.•
9%
15
THE COMMERCIAL &
Number 4383
161
Volume
RANGE
MARKETS
LISTED
CANADIAN
FOR
202#
FINANCIAL CHRONICLE
MAY 4
WEEK ENDING
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
'
Toronto Stock
Exchange
STOCKS—
Sales
Week's
Friday
Davies
Last
STOCKS—
Range
for Week
Sale Price
of Prices
Shares
2%
preferred
1% preferred
Acme Gas & .Oil.
Ajax Oil & Gas—
lioo
—
Ltd
Base
Jan
9.55 Mar
58,700
75c
Jan
94c
Apr
4,500
16c
Apr
25c
Feb
12c
14c
6,600
6c
Jan
21c
Mar
166,555
16c
Jan
29c
24»/2c
28c
Apr
80c
75c
84 c
17,700
49c
Apr
87c
Apr
Mar
80c
Apr
53c
164,150
35c
1.53
1.20
1.90
686,600
74c
4.25
3.85
4.25
8,855
45c
48c
Jan
22 %c
Apr
28
28
60
26%
Mar
30
—
29%
15c
Jan
30%
27% Mar
Jan
12 %c 16 %c
60,440
1.80
15,485
1.52 Mar
2.35
Feb
1.55 Mar
1.87
Apr
1.68
1.70
,.
■'
1.85
52,695
39
39
140
28
390
30
12 %c
Feb
.
24 %c Mar
Feb
22%
40
Apr
Feb
29%
30
Apr
112%
Apr
199
111% Mar
164%
166
272
161
10%
11
1,300
1.00
1.10
2,514
90c
Jan
40c
55c
475,280
34c
Mar
10%
10%
75
10
Mar
12
Jan
32c
Mar
45c
Apr
112 112%
112
166
44c
22c
40c
Jan
Feb
9.50
21c
25c
25,450
12c
38c
'
41c
72,217
15 %c
Jan
166
May
11 Ve
Apr
Feb
1.30
55c
May
Jan
16
17
1,390
14%
Jan
18
Feb
25 %
4,144
22%
Feb
26
Feb
•
24%
—*
•
._1
25
1,076
26
100
22
2%
24%
25
•
—.
22
10
2%
2%
50
23%
Jan
25% Mar
25
Apr
26%
Mar
20%
Apr
23 %
2%
Feb
2%
Feb
J9n
50c
14,700
45c
Mar
73 %c
69c
73c
26,375
69c
Jan
78c
Feb
5.50
5.35
5.65
1,350
Apr
6.50
Jan
50c
53c
20%
__—
*
7c
—*
12
45c
50c
20%
6%c
65c
334,975
•••-
8%c
Jan
65c
Jan
3%c
Jan
10c
10%
Jan
12
12
12
13%
55
10%
Jan
15%
Jan
13
13
40
11%
Jan
13
Apr
1.72
1.78
6,665
23c
25c
1,900
—
..100
50
A
——
50
112
71
1.70
21c
Jan
2.15
Feb
Jan
30c
Feb
112
71
71
25
111%
63
Apr
112
Apr
Jan
71
May
9% Apr
10%
Jan
10%
90
120% 120%
20
118
Feb
125
20
15
20
Jan
22
Feb
Jan
10
100
—
20
Jan
50
51
110
48 %
Apr
52
33%
33%
33%
195
33
Jan
34% Mar
13%
Malting
13%
13%
335
12%
Apr
15
Jan
173
173
45
158 %
Jan
175
Mar
13
13%
330
11%
Jan
14
Feb
44
44%
60
39%
Jan
46%
Feb
•
_____
-
Permanent
common..——
*
___________^-__._.___100
Bank
Breweries
10
Commerce
•
*
common
Preferred
Canners
Canadian
preferred
Conv preferred
*
20
*
common
—
1st
173
75
75
50
70
Apr
75 %
23%
24
65
23
Feb
24%
6
75
...
preferred
Celanese
Canadian
95%
14'%
11 %
7
110
19
.___
Canadian
Oils
*
—*
Malartic
Canadian
common—__
Pacific Ry_.——25
Canadian Wirebound Boxes..———*
Cariboo Gold Quartz Mines
1
Canadian
.1
Mines—
Castle Trethewey
1
1
1
1
Patricia Gold Mines
Central Porcupine Mines
Research
Chemical
Gold Mines
Mining & Smelting
Chesterville Larder Lake
Chromium
Bar
*
—______1
Knitting
Cocfienour
Consolidated
5
__
1.60
:
Bakeries
Mining
Corrugated Box
*
5
100
_1
*
—1
Mines.!
Coal
Aircraft
footnotes
100
*
Pass..:
—
see
page
95
Apr
95%
Jan
540
14
Jan
15
Jan
11%
11%
2,030
8
Jan
13
Mar
2032.
50
May
48
50
44
Jan
16
16%
430
15
Mar
17
Apr
60
930
42%
Feb
26%
27%
690
25%
Jan
19
18%
19
355
18
Feb
19%
12
12
25
10
Feb
12
25%
25%
900
24 %
Feb
27
Mar
25
7%
7%
7%
2,840
7
•
16%
16
16%
580
14
*
15
15
15%
940
13
•
9%
9%
10
3,235
1
1.40
1.30
1.56
72,800
98c
Jan
1
1.30
1.10
1.99
175,307
22c
Jan
2.40
Apr
•
class B
Donalda
East
15c
14 %c
17c
73,600
11c
Jan
21c
Apr
Woollens common
Mines
Mining
Co
Oil
Crest
25
740
24
Mar
25%
18%
19
675
17%
Feb
19
Feb
10%
585
10
Apr
13
Jan
Jan
29
195
27%
Apr
30
48
65
45%
Jan
48
Feb
162
20
158%
Jan
163
Anr
20
Apr
20%
10
63
247
49%
Jan
6%
200
6%
Jan
6%
16%
16%
216
1.05
1.15
11,950
7%
May
Jan
16
Mar
17%
Feb
70c
Jan
1.35
489,665
60
2.85
2.70
1
*
5.10
4.50
15%
15
1
1.02
1.00
1.15
138,150
1.42
1.15
1.68
739,208
Sullivan
Steel
Gold
Elder
Mines
Equitable Life
Fanny
Candy
Farmer
Grain
8%
5.75
4.80
5.75
8,520
38%
38%
39
545
3%
3%
900
66
66
66
5
11c
10c
13c
31,800
1.00
1.00
200
*
Gatineau Power common:
Gold
Mar
59c
Jan
60c
64c
34,900
6.30
6.60
6,950
6.20
Apr
10%
11%
197
10%
Apr
97
98%
21
21%
145
19
Jan
21%
Apr
15%
19,247
11%
Jan
15%
Apr
25
20%
25
25
Jan
25%
Apr
2.50
2.88
4,247
1.80
Jan
2.90
Apr
1.25
1.30
3,430
1.00
Jan
1.30 May
2.60 May
2.60
20,225
1.99
24c
33c
115,900
12 %c
Jan
33c
70
97
May
100
Apr
102
30
102
May
105
Feb
16%
250
15
Mar
17
Jan
105
Mar
15
101%
Feb
105
105
6.90
6.90
7.50
12,865
19c
15 %C
20c
75,800
9c
Jan
28c
Mar
20c
16c
22c
87,060
3%c
Jan
24c
Apr
Jan
85c
Mar
Jan
28c
6.50 Mar
25c
Jan
60c
Mar
4,000
15,704
58c
57c
62c
45,400
27c
23c
27c
34,200
21 %c
9c
9c
10c
18,600
4c
Jan
19 %c
17 %c
20c
135,800
9c
Jan
94c
81c
87c
26,300
80c
Apr
95c
1.12
16,500
83c
Jan
1.12
Apr
6c
8c
63,750
3c
Jan
8c
Apr
Apr
90c
54%
26
53% Mar
lie
13c
4,600
20c
__
23c
8,500
1.00
4%c Jan
1.30
1.56
Jan
2.42
Jan
720
1.15
Apr
1.50 Mar
14%
Jan
15% May
32c
Apr
75c
15%
25
38c
75c
769,600
Jan
5
60
4
Apr
26
536
23
Apr
30
22c
22c
900
lie
Jan
22c
May
Jan
22c
1* —1
■
3.80
39,900
12%
13
210
61c
70c
66,194
2.94
Jan
12% May
43c
Jan
26c
26c
500
23c
Jan
42c
62c
11,500
58c
Apr
13%
Jan
70c
Anr
26c
May
45c
45c
51c
18,500
22 %c
54c
Apr
9%
9%
10
500
8%
Jan
11%
Feb
18C
15c 20 %c
139,500
5C
Jan
24c
Apr
11c
9%c 12 %c
240,900
3c
Jan
15c
Apr
l
Gold
Halliwell
3.50
3.35
3.55
1,535
6%
7%
,,.,1
Mines
Halcrow Swayze
Mines
Hallnor Mines
_.
.
•
7
Bridge Co.
Hamilton
__
Harding Carpets
Hard Rock Gold
Dauch
Oil
Huron
&
Jan
Jan
4,200
77c
Jan
365,300
20c
Apr
65c
10c
Feb
14 %c
18
Jan
1.00
90c
1.02
1
49c
44c
54c
12c
12%
11
12%
2,650
10%
•
3.65
3.60
3.70
3,935
3.05
Jan
35c
A
Erie Mtge
common
Imperial Tobacco of Canada
Imperial
Varnish common
Inspiration Min & Devel
•
*
____100
10
*
ordinary_5
*
1
124,900
1.09
630,000
;
Uranium
International
Mountain
Jack
Waite
Mining.
Mines.,.
___
Mining
Jacknife Gold Mines
Jacola Mines
Mines
Jason
Mines
Jellicoe
•___
Consolidated
M
Joliet
—1
*
.1
I
1
.1
1.33
Jan
2.25
Apr
16,427
1.45
Jan
1.74
Jan
14
14%
137
14
Mar
16
Jan
64%
2,415
49
Jan
64%
148
1.33
146
148
96
Mar
43c
Apr
19c
Apr
25c
1.25
1.34
9,842
25
Gold
Kirkland
34c
Jan
46c
30
Jan
41
41%
210
1.05
8,760
Apr
35%
345
20
20
20
50
20
Apr
85
Mar
90
Mar
23%
14
Feb
Jan
Mar
90
90
16%
16%
190
15%
Jan
17
Jan
19
19%
670
18%
Jan
19%
Jan
14%
13
1.38
2,983
13%
1,155
13
1.30
1.40
27
27%
39,400
695
Jan
15% Mar
12%
Jan
13%
12%
14%
13
13
14 Va
Apr
14%
Jan
71c
Jan
1.40
Apr
21%
Feb
28
Apr
Apr
106
Feb
13%
103
Apr
103% 103 %
60
31%
Jan
37%
21%
Jan
24%. Mar
36%
35%
36%
2,537
23%
23%
23%
9,000
1.30
1.55
1,200
1.50
1.50
500
1.40
Apr
1.15
12 %c
32c
7c
15c
7,000
10c
28c
33c
32,100
25c
5,900
3c
Feb
1.60
Apr
7C
9c
Jan
1.50 May
Jan
18c
Mar
39c
Feb
Jan
13c
Apr
Lake
___L
Kirkland
Townsite
Mining & Exploration
Lake
45c
52c
86,714
28c
Jan
52c
Apr
14c
12 %c
*16c
35,110
5%c
Jan
18c
Apr
8c
8c
9c
7,000
3c
Jan
11c
Apr
135
534,300
78c
Apr
92
18%
3.20
18%
19
315
Apr
19%
Feb
13
13%
5,881
11%
Jan
14 %
Apr
98c
90c
1.10
4,900
50c
Mar
1.30
1.25
1.00
1.30
182,315
23c
24c
6,100
2.15
3.25
9,300
1.10
1.20
2,600
Lake
Mines.
Shore
T.ake
of
17
1.00
14c
Jan
Jan
Woods
1
23%
*
Milling common
Jan
1.05 Mar
Gold
Lang & Sons
Lapa
Laura
145% Mar
1.21
90
Jan
Mar
149%
Feb
1.60 Mar
98
1.50 May
38%
Feb
60c
Apr
__
17%
Jan
24% Mar
Oro
'.pitch
82,700
3,037
25
125
8.25
2,735
6.15
Jan
8.25 Mar
15%
Jan
18 % Mar
9c
Jan
22c
Apr
Jan
17
Apr
Jan
10c
Apr
8.10
8.00
18
17%
18
90
1
18c
18c
21c
40,600
16%
16%
17
485
Lexinden
1
Mines.
...
Ltd
__
_
_
7c
7c
8%c
60,800
1
Mines
Gold
1.44
1.30
1.45
25.875
38 %c
—
Apr
35c
40c
34,200
1.10
Apr
Apr
1.50
1.30
1.55
44,995
•
26%
26%
28
1,617
•
1.92 Mar
42
26%
26%
26%
125
1.60
1.50
1.76
55,800
•
Loblaw
Class
Lac Gold Mines Ltd__
class A
Groceterias
"B"
Louvicourt
Goldfields
1
Apr
20c
3
Secord Candy
1.60 Feb
Apr
23c
23%
__
...
3.45 Mar
13c
18c
*
Mines
...
Cadillac Gold Mines
Mar
22 %
._
Ltd
2.35
Apr
1.30 May
30c
25
19c
Gold Mines
Lake Fortune
1.35 May
13%
1
Dufault Mines Ltd
Jan
48c
1
Mines
Hudson
Little Long
1.00
1.09
Apr
37,200
*
1
1
1
1
Kelvinator Co
Kerr-Addison
Lebel
22.350
Feb
3%c Jan
27 %c
24% Jan
Apr
64%
64
1-65
Feb
4.30 Mar
46c
100
Quebec
Lamaque
125
1.65
94%
Apr
Mar
12%
32%
27%
•
•
1
50c
20
42c
103%
Petroleum
Apr
Apr
1.02 May
32%
45c
*
International Nickel Co common
1.23
75C
32%
__100
Metals common A
49,000
14c 16%C
80c
—.100
Imperial Bank of Canada
Imperial Oil
43c
14c
85c
1
Mines
International
50
—5
1
1
Mining & Smelting
Preferred
1,000
18%
Jan
Gas
&
12c
18%
35c
Mines.
preferred
20%
54 %c
43 %c
1
Paper
class
Ltd
79,428
•23.500
72c
Yellowknife
Hunts
Apr
1.22
Gold Mines
Bay
Apr
65c
69c
—
Feb
90c
15c
Mar
1.00
*
Apr
Jan
20c
69c
'
68c
5%c
67,100
Oil
Gold
151,738
355,400
—1
Hollinger Consolidated Gold
Hudson
Apr
Feb
14c
■
Howey
7%
8
57c
4
Hosco
Feb
Apr
12 %c
Highwood-Scarcee Oil
Homer
6%
47 %c
_
_
Feb
3.85
6%
13c
_____—_—_—_—
Jan
555
1.02
Hedley Mascot
Heva Cadillac
Home
83c
3.10
250
48c
Heath Gold Mines
&
68c
7
1
Hasaga Mines
Hinde
6%
1
Gold Mines
Harricana
82c
1
Mines
Mines
Gold
Harker
»
2.00
1.50
Feb
l
...
62c May
1.50
94%
Jan
1
Ltd..
Mines
Lime & Alabastine
Apr
3.80 May
2.00
1.60
41%
May
6%
•
Gold
Gypsum
Labrador
3.40
23c
11c
4%
25%
4
_
...
Mar
16%c Apr
%'
—_
_
1.00 May
57
26
--
-
vtc common
_
65
54
97c
54%
U
Wihksne
Apr
81c
1.00
'
Mines
preferred
Apr
7%C
1
Paper
Jan
14c Mar
1
*
Bousquet
Gold
Jan
22c
.50
Kirkland
1.20
11%
26c
May
43c
Apr
16
#
J
Jan
2.25
2.00
Feb
12
Jan
14%
35c
9.25
1
Co
Mining
Lakes
Island
1.80
Feb
77c
102
98%
*
Porcupine
Preferred
Grull
Feb
24
1
Mining
Goodyear Tire & Rubber common..
Great
27
Feb
1
Mines
Golden Manitou Mines
Grandoro
Jan
21
1
Gate
Graham
Jan
24%
10
"
Mines Ltd
Goldale Mine
Goodfish
1.50
1
Lake-Porcupine Gold
Goldhawk
Apr
1.00 May
1
;
——
Giant Yellowknife Gold Mines
Eagle
Jan
Jan
1,930
*
100
1
common
Feb
4%
15c
24
*
_
5.75 May
39%
Apr
27
______100
100
preferred
preferred
5%%
9% May
Jan
5%c
24
6.40
Jan
28
75
65
26%
•
Gold
Jan
24
•
Golden
Jan
3%
27
Mines
God's Lake
Jan
4.30
37
•
*
A
Gold
Gillies
Apr
Jan
Exploration
Preferred
2.23
"
Apr
Jan
Frobisher
Wares
1.20
Jan
Co
Steel
Apr
8
Francueur
General
Feb
53c
16c
1
Feb
15%
23
*
3.00
|
6.75 MaY
Apr
25
62c
57c
Jan
Mar
2.50 Mar
14
31
Shops
class
2.26
38c
25
Mining...
Canada
of
Co
Apr
9%
Fleury-Bissell common
Foundation
10
8%
100
Kirkland
Feb
Jan
24%
common
Preferred
Federal
PCb
15%
25
Nickel Mines
Falconbridge
Jan
16%
Jan
•
1
!
Jan
Jan
*
25
Gold
Eldona
English Electric A
22% Mar
63
21,545
6.75
1
Mines
Feb
215
2.90
15%
Mines
East
28 %c Mar
8%
Mar
7%
East Malartic
Eastern
'
Apr
•
25%
*
Stores
Dominion
Jan
24%
__
preferred—__,——100
Croinor Pershing
Nest
& Smelting
(Toronto)
Conwest Exploration
47
15
15%
46c
60c
Mines
Consumers Gas
2.60
25c
35c
1.95
1.30
—L_,—*
—
Coniagas Mines
Consolidated
1.12
21%
15%
25
2.85
1.28
—•
Ltd
Coniaurum
6%
16%
3.80
13
61c
Lake
Commonwealth Petroleum
95%
59
X
•
1
*
Mines
Gold
Willans
Plow Co
Cockshutt
Apr
Mar
60
58%
Dominion Tar & Chemical common
International
——______
Citralam Malartic Mines
95
162
Canadian Food
Canadian
Jan
May
14%
20%
Products—____.———*
Industrial Alcohol com A__»
Locomotive
——*
7
28%
Dredge & Dock..—
Canadian
Jan
47%
*
100
common
Preferred
5%
10%
49
16%
—25
—.
Dominion
Homestead
Foundry common—*
Canadian Car &
13c
common
Steel
Mar
•
_
Jan
•
*
;—
3%c
Foundries & Steel com
Gunnar
12%
1
class
17,500
common
Dominion
Apr
Mar
13
pfd_—_*
2nd
__
8c
60
Dominion
Mar
150
—_—
Mills
7c
26%
Dairies
Vtc
May
21
18%
5,000
330
21
7%c
5.10
1.75
B
8c
10
Dominion
Mar
72c
•
1.85
Bank
Glenora
24%
Oil
Jan
Ltd
Dominion
Ford
20
1.82
1
1.15
13c 14 %c
Mar
29%
29%
1.70
*
1
1
•
Packers class A
For
10%c
17
Canadian
Cub
Apr
24%
Canadian
Crow's
52 %c
18
Extension
Preferred
Coin
Jan
Apr
Foundry & Forging A
Commoil
13c
15%
*
Mar
8,900
1
Seagrams
Federal
465
Canadian Bakeries
Circle
Jan
17
17c
—
Central
Apr
4.25
16c 17 %c
_—_—
B
Canadian
1.90
Jan
16%
35c 43 %C
40c
Mortgage—_100
Canada Steamship Lines common
•
Preferred
50
Canada Wire & Cable "A";
*
Class B
—
_*
New
Jan
3.60
147,450
29,233
Canada Cement common
:
7.60
24c
•
Products.-
Canada
600
92c
17 %c 19 %C
12c
100
.—1
—1
17c
1.85
Mines
Mines
Dome
Duquesne
Apr
——
—
B
9.00
84c
May
May
*
1
1
Jan
1.70
14c
1.13 Mar
29c
.10
Calgary & Edmonton
Calmont Oils —:
Class
9,000
45 %c
Canadian Gold Mines
Canada
165
89c
Jan
Packers.————*
Burlington Steel
Burns Bros
class
Canada
Jan
105
Mar
..1
Porcupine Mines, Ltd
Buffalo Ankerite Gold Mines
Preferred
Jan
73c
104
May
10c
Oil
Dominion
Canada
100%
105
27c
__1
Broulan
Bread
116
23,200
Columbia Power class A
Class
Jan
Light & Pwr com..*
Columbia
Canada
95
116
97,575
jutd
Linen
265
113
Mar
29c
—
American
Caldwell
100
21c
Gold
Mines,
Bunker Hill
Feb
40c 45 %C
-100
Brazilian Traction
Building
97
.10
Bobjo Mines Ltd
Bonetal Gold Mines
Buffalo
20
99 %
-1
—__—_~
B
Jan
.10
Bidgood Kirkland
Biltmore Hats
Class
Jan
18%
5
-_1
of Canada
Belleterre Gold Mining
Berens River Mines.
British
20c
Jan
34,600
105
..1
preferred
British
Feb
14%
15c
15%
26c
Mining—
British
12c
13c
15%
__
Scotia
British
Apr
Mar
.1
Bell Telephone
Bralorne
2.15
1.25
40c
Brothers Class A
2nd
29,075
18c
Exploration <fe Radium
Beattie Gold Mines Ltd
Class B
2.10
90c
Bear
Beatty
Apr
..1
Mines
Consolidated Mines-
Metals
14 %c
.1
Toronto—
of
Bank
Jan
1
Mines
Nova
Jan
1
Montreal
of
1.65
8.80
Gold Mines.
Bank of
7%c
.1
Mines.
Yellowknife
Aubelle Mines Ltd
Bank
16,600
.1
Ashley Gold
Astoria Quebec Mines-
Bagamac
Bankfield
46
11c
Oil
Gold Mines.
Armistice Gold
Geld
153
8c
85c
Gold Mines Ltd.
Aunor
Jan
159
140
150
99
5% pfd._100
12%c
1.80
•
Jan
116
Arjon
Atlas
Feb
51%
100
Porcupine Gold
Aumaque
3%
Mar
153
common.
Anglo Canadian
Area
Feb
43%
14c
Anglo Huronian
Aquarius
2%
1,840
15%
Co. of Canada
Aluminum
800
50
9%C
_100
Algoma Steel common
Preferred
Aluminium
3
47
2.02
—
Copper
Aldermac
2Y8
49%
•
6%
Distillers
High
Low
High
Low
For
Paper common—
Abitibi Power &
Gold
Denison
High
Low
3,500
I__l
Petroleum
Delnite Mines
Range Since January 1
Range Since January 1
High
Low
Par
Canadian Funds
16
3c
1.15
35c
1.23
Jan
Apr
Jan
25 %
1.50
45c
1.60
Feb
Feb
Apr
Feb
26% Mar
28
Jan
25
Mar
27
Feb
89c
Jan
2.09 Mar
...
THE COMMERCIAL & FINANCIAL CHRONICLE
2030
LISTED
CANADIAN
RANGE
Week's
Range
Par
Mines,
Red
Malartic
Gold
Leaf
4.45
11,833
3.85
Jan
4.45 May
3.40
49,480
2.25
Jan
3.40 May
1
2.72
2.34
2.75
38,637
2.17
Jan
2.76
3.75
3.55
3.75
24,250
3 25
Jan
3.80
Feb
Thompson-Lund Mark Gold Mines
5%c
5c
6 %C
104,000
2c
Jan
9c
Apr
Tip Top Tailors
11%
11%
10
10
13
13%
115
12
12c 14 %c
23,000
I
*
ZJo
pfd..;
Milling Co common
•
.
13c
«
common
Preferred
Tamblyn
4.05
Mines—
9%
8%
9%
23
23%
745
Oil
Frontenac
Preferred
m
common
10%
Texas
Feb
Canadian
Jan
8%
16%
Feb
Toburn
15'/2C
Apr
Jan
Mortgage „"
Towagmac Exploration
24%
Jan
Red
McWatters
Gold
Lake
Gold
Mercury Mills
Mid-Continental Oil
Gas.
&
1.70
152,325
8c
29,326
4l/2c
Jan
8c
Apr
United
28C
32c
41,200
16c
Jan
45c
Mar
United
8teel
33c
31c
34c
35,100
22 %c
Jan
35c
Apr
Knitting
Porcupine
Moneta
13%
13%
50
123/4
Jan
14
Feb
17C
Jan
34C
Apr
Vermllata
Apr
Vulcan
21c
Moore
Corp
Mosher
20c
25c
103,300
5.35
5.05
5.50
May
United
Mar
8c
Apr
10c
59%
Jan
21c
22c
2,000
128
130
145
75c
83c
21,525
23
23%
1,565
58%
58
58%
540
27 %c
24c
28c
24,700
40
'40
50
12%
12MZ
28%
29
—
—
a
•».*»
a
common
-
Long Lac
1.35 Mar
1.70 May
'
1.99
17c
6.35
Jan
Breweries
National
Grocers
Preferred
common..
common—
'_20
*
National Sewer Pipe "A"
National
28%
—*
92
Jan
B
class
Trust
New
1.75
Bidlamaque
Nipissing Mines
5
Nord'on
Malartic
Oils
Oils
Northland
Northern
l
1.10
Walker-Gooderham
Feb
20% Mar
24%
57
Jan
60
20c
Jan
30c
Preferred
West
Mar
Jan
Westons
Ltd
30
Jan
70
O'Brien
60c
Mines
—...
O'Leary Malartic Mines
Omega Gold MinesOrange Crush common
Preferred
36,362
68C
80,850
2.85
2,985
53
54
2,050
1,10
1.65
216,900
18C
4,600
22%
26
Feb
17%
Mar
185
Jan
Jan
1.26
39c
Jan
1.85
75c
Jan
Apr
Jan
55%
Jhn
3.05
Jan
Jan
1.60
Mar
48c
ADr
3.15
Jan
8
ADr
110
Jan
11
May
&
Feb
14
Feb
9%
Mar
Feb
18
43
Apr
46 %
5
30
9M2c
2,000
.4
4 Va
600
1.99
2.30
34,350
13%
14 Ms
2,439
20c
32c
•
__
,
2.30
«*
21c
^.1
w—
•
Worts
16%
130
5%-
5
,9c
•
com
Mar
Mar
May
6
Mar
8c
Feb
11c
Mar
3%
Apr
5%
Jan
2.60
1.85 Mar
Jan
12
Jan
16% Mar
783,610
12c
Jan
32c
24%c 24%c
500
17c
Jan
25c
Feb
4.85
4,184
Feb
5.10
Apr
,
4.80
,
4.70
'
78%
4.60
742
69
Mar
<21
21%
396
21
1.45
77
i 1.60
55,800
12,210
76
2iy4
-
.1
I
1
•
Apr
*
79%
Apr
Apr
22%
Feb
1.20
Jan
1.77 Mar
1.05
May
1.05
1.15
1.63
Feb
154
154
154
10
Jan
154%
Apr
16»/2
•
common.
16%
18
220
15%
Jan
18%
Jan
1.10
.19%;:
;
18%
145
19%
445
18
101% 101%
5
99
.
101'/2
—
1
30c
*
Combing
Feb
20
Mar
Feb
101%
Feb
8c
Jan
6
•
4.30
135
16'A
50
4.00
4.50
8,115
18c
21c
12,600
13
'
.
200
80
16%
„
„
.
149,900
7
79
80
Corp——
32c
6>A
13
60
28c
.
'
.
100
Ymlr Yankee Girl—
1.65 May
1.00 Mar
Jan
7c
1.57
preferred—-—-100
Wright Hargreaves Mines
Jan
20c
:
41c
Apr
Apr
8
Jan
68%. Jan
83
Jan
16
Apr
16%
Feb
Jan
4.60
Feb
3.30
York
Knitting
-19c
.
*
common
—
3%c Jan
9%
25c
Feb
Feb
13
"
Apr
Apr
Apr
13c
16c
Jan
20C
73c
23,460
63c
Feb
89c
Apr
21c
24C
224,000
12'/2c
Jan
29c
Apr
1.16
1.34
7,600
1.10
Jan
15,700
6%
7
1,140
53/4
5%
135
3.25
3.75
47,235
48C
48c
2,200
—
6'/2c
1.63 Mar
5
Jan
73%
Feb
5%
Jan
6
Feb
42c
Feb
30 %c
35c
45,900
22c
Jan
39c
50c
60c
152,100
34c
Jan
68c
8
8
85
6
Jan
10%
10%
120
9
Jan
93A
11
14c
15c
32,832
10c
Jan
18c
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Par
Mar
Andian
Mar
Sales
Week's
Last
Apr
—
Funds
Friday
m
Apr
51c
-.
Exchange-Curb Section
Apr
58c
Jan
Toronto Stock
Canadian
3.90
2.26 Mar
30 %c
Oils
Pacific Oil &
Jan
Apr
,
3.00 Mar
Feb
2.35
50
Wool
National
Asbestos
Pacalta
90c
100
24 %c
25
5
Wlltsey-Coghlan Mines
Winnipeg Electric common
Feb
*11—1
-
14
Jan
88c
1,419
4,
44
43
—
Products—X.1
4%% preferred
Apr
._—*
—
Jan
Mar
Jan
20
215
.
65c
It.**
1
*
Oils
1,75
3.50
.
Gold
Okalta
1.51
13
9%c
*
13
20
.'
—
50
Ltd
Malartic
Feb
645
6%
Preferred
-17
;
8%
i
i———
Mar
1.30
North Star Oil common
8%
1.78
1
Mines,
28
15c
Mines
8
17
51c
10
"Jan
Jan
22C
Canada
34,775
100
Wasa Lake Gold Mines
Apr
70c
—
1.85
—
Waite-Amulet
12'A
18c
Mines
1.67
13
-
_
240
18
1
Norgold Mines Ltd
Normetal Mining Corp Ltd
15
20,800
—
36c
25
—
250
1.31
Oil
4,730
108
40c
-
Steel
2.00
Mines—
2.30
108
35c
—
Grocers
53
Noranda Mines
Norbenite
2.05
-
*
Western
25
62c
—
2.30
■.
*
Apr
215
215
—,
210
*; /
Preferred
Negus Mines
10,400
14
*
40
215
25
iioo
*
65c
13 Ms
-
—*
"A"
—
Apr
130
Feb
53c
Fuel
Class
37% Mar
17'/2
Z*
National Steel Car
60c
1—
B
Mar
27C
Jan
class
Corp
Western
National
62c
•
.
17 %
67"% Mar
7,050
80c
1
1.40
common—*
Ventures, Ltd
13%
100
preferred
-
Light Heat & Powers-
Apr
Upper Canada Mines Ltd
'
Monarch
Montreal
1.25
Oils
29c
Model Oils
330
♦
7c
•
—
1:30
Union Gas Co
Feb
107
1.50
—
—
__
1.25
__1
Transit
125
•
Mining Corp
Rapid
1.70
a
1.25
1
180
a
Mines
5.35 May
—_
10,500
1
McMarmac
Jan
Apr
Feb
12
Jan
City
United
Mines.—--.
Mines
3.50
—,
7%c
1
Lake
Gold
50
46,390
*
63
1
Red
McLeHan
17
5.35
Transcontinental Resources
Jan
Gold
106
105
High
17
4.70
Toronto
97/a
9%c
—
Low
15
—
5.20
—*
common
63
9 '/2c
5
McKenzie
283
10%
Range Since January 1
High
—5
;
Jan
8% Mar
21%
Low
1
Oil
105
*
McDougall Segurs Exploration
Mclntyre 1'orcuplne Mines
Shares
*
common—
8»/2C
105%
—
—,—
10%
(G)
I ecu-Hutrim-* Gold Mines
Twin
McColl
for Week
11 % May
Feb
8c
4,837
23%
IZI20
1
Sales
Range
of Prices
Par
High
2.10
Maralgo Mines
klassey-narris
Low
4.40
Fields
Gardens
Leaf
Mapie
High
3.10
Manitoba & Eastern Mines
Mapie
Low
1
Gold
Lake
Week's
Last
Sale Price
STOCKS—
Range Since January 1
—1
Ltd
MacLeod-CocKsnutt Gold Mines^
Madsen
4
Friday
Shares
Friday
Maeassa
MAY
for Week
of Prices
MARKETS
ENDING
Sales
Last
Sale Price
,
STOCKS—
WEEK
FOR
Monday, May 7, 1945
Feb
Beath
British
56c
56c
60c'
13,100
47C
Feb
67'/2c
Apr
Pacific Petroleum
60c
60c
62c
4,000
50c
Mar
62c
May
Page Hersey Tubes
113
111
113
260
1.45
1.70
18,088
1.19
Jan
1.75
class
132,890
8c
Jan
35c
Apr
Canada
A.
Low
22
22
40
24 %
24 y2
24 y2
120
9y2
9V2
625
*
—
Range Since January 1
High
22
21 %
High
24%
Jan
24% May
8 % Jan
Apr
24 Va May
11%
Apr
Feb
35c
__
Corp
Ltd
Low
*
*
—
Refining
99
Feb
113
Columbia
Pulp
com_*
100
Brown
May
Co
—
35
37
30
35
Jan
46
Jan
131
131
131
20
130
Jan
139
Jan
1
3.10
3.10
3.20
3,050
2.25
100
& Paper
Preferred
56
55 %
56
236
45 V4
Jan
56
—
12'/2
14 %'■
290
11
Jan
15
1.00
1.00
200
£5c
8'A
8%
1,420
8
Jan
9
30c
35c
1,025
28c
Jan
40c
32% May
common
Preferred
Pamour
Porcupine Mines
•
Ltd
1.62
Pandora Cadillac
Faramaque
Partanen
35c
ZZi
Mines
Malartic
Gold
Peoples
Credit
Perron
Gold
40c
60c
154,620
28c
Mar
64c
Apr
Coast
9%c
11c
80,500
4c
Feb
12c
Apr
52c
58c
81 9*1
37c
Jan
65c
Apr
Da-lhousie
Apr
Dominion
Apr
Foothills
Securities
5%
5%
1.65
1.7d
<13,bow
19
1.72
Mines.
3.80
19
20
11,290
300
5%
5Mj
Jan
1.06
Jan
1.75
Feb
19
18
3.25
3.80
5.95
1,591
Jan
6.75 Mar
85c
95c
33,550
79c
Apr
1.00
40c
46c
97,950
25C
Mar
2.40
4.35
Jan
3.90
Copper
Oil
1
Porcupine Reef Gold Mines—L.¬
1
Powell
River
Powell
Rouyn
Co
40c
Feb
Bridge Co
Apr
1.00 May
V2
Jan
Jan
•
32 %
32
32 %
225
25%
Mar
•
Steel
Hayes
1.35
1.30
1.40
2,150
1.28
Jan
16
16
25
16
Feb
21
Apr
Apr
—*
^
Humberstone Shoe
May
19%
19
19 y2
775
16%
Apr
—1
1.85
1.55
2.00
57,500
98c
Jan
&
,
—
1.58
Feb
21
21
20
21
Apr
21
13
12%
13
815
12%
Feb
14 Va
6c
6c
6c
500
4c
Jan
6c
May
24c
Feb
60c
Mar
——100
■
Ontario
,
Paper
1.30
1.65
51,800
81c
Jan
1.65 May
1.65
1.63
1.70
3,200
Jan
1.98
165
165
100
15
13%
15
200
3.30
3.15
3.40
52.830
Oil
Selections
————————
*
,
Feb
2.00 May
1.50
165
Gold Mining
30c
.
Mar
Mar
Apr
—1
Gold—
Voting trust certificates
Premier
46c
—
8 "A
•
Oil
Minnesota
Peninsular
—5
——
.
3.30 Mar
May
5.85
Pioneer Gold Mines of B C
Porcupine
•
—_
Consolidated Paper
55c
1
Mines
Gold
—
11c
Egravers
Pickle-Crow
Vinegars
48c
Mines..
Paymaster Cons Mines Ltd—.
Photo
27C
Jan
Co
1.15
20
Feb
Osisko Lake
>
Pend
1
37c
35c
39c
25,400
1
Z
"1.50
1.60
1,500
1
;
—
Oreille
15
15
19
53,200
4
4
13
1.30
Jan
7%c
Jan
1.64
Apr
Apr
~
Premier
Trust
Pressed
Metals
Preston
East
—
-
Dome
Mines
Proprietary Mines
Prospectors Airways
Purdy Mica
Purity Flour Mills new
11
165
2.45
May
16
May
13y2 May
__
21c
—
19C
,
r
—-
4
Apr
5% Mar
Apr
3.40 May
Jan
11
11
8
11
May
12 V52
Apr
52c
3,000
36c
Mar
60c
Apr
20c
21c
23,500
15c
Feb
40c
Jan
6
common.
Mi
6%
205
41%
preferred
Temiskaming Mining
Thayers Ltd common——
Feb
47c
—
New
165
42
310
88c
1.00
3,800
6 Ms
41
Mar
7%
42 M2
Montreal Stock
Jan
Mar
Feb
Exchange
Canadian Funds
Quebec Gold Mining
—1
06c
Jan
1.15 Mar
•
Queenston Gold Mines
1.10
1
__1
—
Robertson, P L common
Roche Long Lac
Rouyn Merger Gold Mines
Royal Bank
1.05
1.15
26,850
Apr
1.39
Feb
6.75
7.75
41,968
18c
Jan
9.25
Apr
8c
9%c
10,733
4Mic Jan
97/aC
Feb
34
Mar
37 Va May
Acme
10c
Jan
28c
Apr
Agnew-Surpass
36%c Jan
65C
Apr
17
Feb
9c
37 Va
*
20
19c 22Mic
26,300
54c
__1
37 Ms
19c
1
Week's
Friday
7.00
Gold
-
"
Quemont Mining
Reno
43c
52c
60c
83,300
16
16 Mi
465
1.00
fU
Last
Range
for Week
STOCKS—
Sale Price
of Prices
Shares
• •
,
-
Par
10
16%
____*
20%
20
20%
115
19 Mz
Jan
2 2 M2
30
19%
30
425
28%
Feb
30
May
.100
295
295
295
5
San Antonio Gold Mines Ltd
1
4.85
4.30
4.85
10,985
4.05
Jan
4.90
Sand River Gold
1
10c
10c
13c
9,500
5Mic
Jan
18c
Mar
12 Mi
12 Mi
65
12%
Apr
12%
Jan
1.45
Apr
16 »/2
Feb
18
3c
Jan
17c
WorksjLtd
Preferred
Shoe
11
^
100
Low
.11
21
common
common—
21
9V2
100
25'
v
113
113
16
437
114
115%
High
Jan
14% Mar
Jan
20
25
15 %
—:—
21%
Apr
112%
Apr
114
Jan
14%
.
Jan
19
Jan
'
Apr
31c
Glove
Range Since January 1
High
Low
Mar
10
Sales
•
Royalite Oil
—
15
Jan
Algoma Steel common
Aluminium
Russell Industries
common
Preferred
Scythes
Ltd
Mining
___*
common
,
285
295
Apr
Ltd
Amalgamated Electfic
Jan
Asbestos
Assoc
Corp
Tel
&
y
,
jpfd
Z*
•
1
.
Shawinigan
Bhawkey Gold Mining:
Sheep Creek Gold—
Ltd
50c
l
:
32
—«
Gold
1.10
388,230
17%
18
dsn
12c
15c
1.30
o.inn)
70c
75c
25,406
4%
32
9
18%
;
Class "B"
Siscoe
70c
4%
*.
4 Mi %
13c
common
Common
New
18
.1
Silverwoods Dairies pfd
Simpsons Ltd class "A"_.
79c
1.20
*
Pherritt-Gojdon Gold Mines
Silknit
1.03
*
13%
100
preferred
Mines
IOOV2
1
7pc
12
27,600
4%
Mar
10
30
Feb
33
Apr
9
Apr
Feb
13
•
British
100
14
769
85
25,613
15%
10 Mi
100
58c
Feb
4% May
18% Mar
14
Feb
Mar
101
Jan
85c
"B-'v
Bruck Silk Mills
South
Malartic
End
Springer
Mines
,
1
~T*
I——*
:
Chemical
Standard Paving
;
*
Sturgeon
Standard
l
Petroleum
common
*
-
Mar
Co
of
common
Mines
j.
44,700
50c
Mar
64c
53,500
3c
Jan
9c
Apr
1.50
1.45
1.55
7 Ma
7%
7 M2
665
4
4
4
1,160
5,400
1.25
Jan
1.84
7
Apr
8
3 Mi
Feb
4%
Feb
Mar
Jan
44
170
34
Jan
44
Canadian
22%
14%
460
•
161
169
5,142
?,
Jan
17% Feb
166
Feb
May
25% Mar
22 J/a "Teb
23
"
.
Jan
21
160
23%
2% Mar
Feb
2%
2V4
50
<
11%
11V2
40
11
Jan
12
Jan
20 V2
.21
535
18%
Jan.
.21.
Mar
20%
20
20%
731
17
Jan
10 Ve
795
2%
Feb
v
9%
20% May
Jan
10%
123
Jan
33
119%
Feb
8%
550
7y8
Jan
10%
13 Va
...
121
8.
121
Power
13%
285
11%
Jan
13% Feb
*
Jan
4634
Jan
13
121
44 y2
44%
45
357
11%
—
11%
11%
2,742
8 Va
140
Jan
Jan
Feb
740
68
Feb
74
Feb
76
5
72
Mar
76
Apr
11,250
32c
35c
27,000
20c
Feb
35c
May
4%c
Jan
15c
May
Canadian
Apr
Canadian
2.40
Janr
3.38 Mar
1
15c
77,800
3.00
2.70
4.05
194,561
1.50
Jan
4.05
3.25
2.90
3.35
15,885
2.45
Jan
3.35 May
14c
11c
Mar
48 %
Bronze
48%
456
44%
39
101
38%
*
10%
10%
10%
805
10
Mar
13
Jan
-25
28 %
28 %
28%
585
28
Apr
30
Jan
49
390
Jan
49
May
Jan
163
Mar
39
common
_J
preferred
2.85
72
Breweries'common.
Preferred
Canadian
76
1
25
10
_5
Canadian Car & Fouiidry common.
35c
2032.
166
20%
1-—-—
-
preferred
2.75
1
page
16%
*
Steamship^common
70 Mi
Mines
see
Jan
Apr
May
—
49 y8
'
491a May
Jan
Apr.
.
40%
Mar
May
Sylvanite Gold Mines
footnotes
15 %
24%
59
Apr
Feb
9c
Sudbury Contact
For
53%
*
60c
8c
Sullivan
Cons
4
-
Canada
2.77
Sturgeon River Gold Mines
•
Preferred
71%
,
Maf
15%
"A"—*
Bulolo Gold Dredging
Jan
53c
.25
.
20
20
24%
'"24%: :;
,,2%
Canada Northern
60c
44
Canada
Preferred
2,356
59
165 Va
__
.
Canada Cement common—
New
Steep Rock Iron
Corp
j
Mar
8%c
Stedman Bros
Steel
100
—•
—
Building Products A
5%
Bladen
Pwr—
Power
Columbia
1, Class
Feb
220
9
75c
82c
3
lOOMi 100 Mi
70c
1.30 Mar
Jan
Jaif
Canada—
Brazilian Traction Lt &
24 %
"
■■
Apr
30
32
18 Mr
1.06
65c
Mar
Bell Telephone Go M
105% May
Apr
—
Bathurst Power & 'Paper class A— —•
Senator Rouyn, Ltd
115% May
Jan
13
59
.24%
*
Jan
50
327.
105 105%
105
Corp_—
•]
•
Teleg
94 V2
100%
13%
24
115%
270'
13 %
—•
Aluminum Co of Ckiiada preferred- 100';
Feb
Canadian
Celanese
Preferred
1%
icommon—
—
—
Rights
Cottons
Foreign
Ind
"B"
Investments
common
46
162
15
.23
23 V2
325
27
27
50
.-*
44
44%
35
*
6%
7
500
6Va
Apr
*
6%
6%
251
6 Ve
Apr
common.
Alcohol
48
162
*
Canadian
Class
48
100
23%
160
-
•
23
.
Apr
23%
Feb
26V2
Jan
27%
Mar
47
Mar
33
Jan
/
7%
Jan
7%
Jan
Volume
LISTED MARKETS
CANADIAN
RANGE
Last
"
Canadian
Pacific Railway
Cockshutt
Plow
Cork
Crown
Seal
&
Apr
13
12%
Apr
65
1,550
49
Jan
65
550
33
Jan
36
25
38%
Apr
42
Co
Jan
,
13% Jan
'
Distillers Seagrams com
'
Dominion Bridge
Dairies
Foundries
Canada
Dominion Glass common
Dominion Steel &
Dominion
Stores
Coal
11% Mar
12%
9%* Jan
12%
Apr
Canadian Dredge
30%
30 %
30 %
200
26
75
>
Electrolux
Corp
Heating
26
.
135
7%
16
15
15%
2,350
30
—
162
Foundation Co of Canada
Mar
Canadian
Jan
135
May
Canadian
'
30'A
8%
7% Mar
5 %"
5 % ri
Steel
Wares
_
Gypsum, Lime & Alabastlne
72
Jan
Howard
Smith
•
Imperial Oil Ltd
Imperial Tobacco
'>
;y
Preferred
Can
common
Catelli
8% May
15
May
Jan
8
Jan
23
37
20%. Jan
23
Apr
Cub
Preferred
Bronze
Preferred
Internaiional Petroleum
International
Power
Co
common
,
Public
Ltd
Ser
Ht
Lt
Oil
Jan
11
Fairchild
27%
•
27%
104
104
36'A
28
Electric
&
L H
Power
Ltd
24%
_
Power
__r__
Provincial Transport
f.
16% May
31%
21%
—_i_
27
I
-
y
3.4
j;
t
■
10%
270
Breweries, common
;•
i
of
Canada
Preferred
Biscuit
Viau
•
—_____1—__100
preferred—__i£——100
Wabassa Cotton:
;
r
—
Ltd
'
22
21
18%
*
—.
6%
100
'»•';
Royal Hotel Co Ltd.
9
Power Cop of Can 6 cb
1st pfd——100
'2nd
Co Ltd
Grain
Preferred
—
35%
Jan
Amusement
Hotel
Ltd
14
50•
-
Ltd
Nova
Astoria
———
59%
Bear
Apr
9
Jan
Bralorne
V
Jan
11
Apr
Royal
10
Bonds—
Montreal
'
y
.
Power
-
Jan '
106
:
Feb -
68
583/^Jan
y 18
-
Eldona
Jan
" •
23'A
Feb
f
11%
/' 73
A
.
Jan
,
4%
100
' 58
~
78
125
Feb
76
Jan ;
13%
Feb
5%
Power &
6 %
Paper common
preferred
—
British American
Bank Note
British
American
Oil
British
Columbia
For
footnotes
Co
see
Co
Ltd
Packers
Ltd
page
2032.
*
100
100
Jan
•
Jan
48%
Mar
109
Jan
Jan
30c
Apr
Jan
20
Jan
3%
Feb
4% May
8
4%
8
160
8
Jan
11'A Mar
!
■'
55
75
23
: Jan
Jan
25
51c
228,700
8c
Jan
51c
1,500
41c
Apr
41c
Apr
17c
13c
18c
48,150
6C
Jan
19c
Apr
17c
'
16'Ac
17c
925
15% C
Apr
10c 11'Ac
6c
Jan
14c
Mar
4c
Jan
18c
Mar
10c
Jan
37C
May
26%
Jan
37c
102,300
27'A
1.50
2.85
10O
4.60
/<
18c
2.85
37c
30'Ac
1.45
17C
17,300
299,620
27'A
1
1
12c
11'Ac
7.00
32,000
f,Jan
17
435
16y^iApr
18
Jan
145
27% Mar
29%
"
•
—11
—
4.90
16%
912
151/+ Jan
16% Mar
49% Feb
49%; Jan
1.65
2,400
1.25
1.60
1.62
15,500
'
V
60c
1
High
24
925
44
Mar
! Mar
147
30
144
ji Jan
16%
16%
80
24 %
25
915
23
Via
26
26
63
25
«
3%
Jan
2.98' Mar
7.00 May
2.30
J
Mar;
60G
Apr
1.62 May
1.25 May
73c
Apr
•Apr
64'Ac
20'Ac Apr
Apr
Inspiration Min -& Dev Co Ltd
1
Ltd—.1
—1
8 %c
9c
13,900
3%c Jan
1.05
84c
1.50
257,480
7%e Jan
1
18c
14c
23c
84,584
1.30
1.32
1,000
3.15
3.10
3.20
1,400
.2.45 Jan
3.20
19c
May
19c
May
May
24%
Mar
——
■
;
'
/
Joliet-Quebec Mines .Ltd
Kirkland Gold Rand Ltd
Gold
Lake
Mining Co
7c
—1
Labrador
Lake
Gold
O'Brien
18
1.72
1.75
400
92c
Mines Ltd—1
—1
2.75
2.75
100
Gold
2.40
2.40
200
72c
72c
100
3.25
3.70
15,150
57c
57c
800
40c
Feb
67c
Apr
36c
May
Mines
Ltd
1
3.70
Red
1
Mines
Mines
99,950
10c
Feb
36c
60c
500
33c
Apr
62c
1,300
1.20
Jan
1.77
Apr
3.50
3.50
500
2.50
Jan
3.60
,Feb
91c
Mines
Coghlon
91c
800
47 %c
24c
5,700
6c
Jan
34c
1.10 Mar
Jan
21c
22c
Apr
Jan
25c
Apr
1.45
Apr
1.10
13,000
13c
15c
19,600
Jan
16c
Apr
72c
800
•70c
Jan
80c
Mar
69c
73c
13,200
60c
Jan
84c
Feb
Mar
1.05
Apr
Apr
85c
5
%c
92c
81c
1.00
32,172
60c
95c
59c
1.00
484,150
43c
•
1.00 May
1.50
Jan
3.35 Mar
2.77
2.78
500
1
2.98
2.75
3.80
220,870
1.50
Jan
3.80
Apr
.—1
5.20
5.20
5.20
800
3.60
Jan
5,20
Apr
4.85
4.85
300
4.65
Feb
4.90
Jan
30c
Mines Ltd—
Ltd
Gold Mines Ltd—
Amulet
Wiltsey
Apr
72c
Ltd—
—;
Iron
3.80
Jan
1.72
70c
1944 Ltd—
Mines
Rock
2.25
Feb
79'Ac
Feb
28c
14c
Gold
Gold
2.40 May
Jan
1.70
1.00
Ltd —
,
Mining Co LtdSherritt-Gordon Mines Ltd——
Senator Rouyn
Gold
2.22
64c
36c
1
Ltd-—-
Mining Corp———1
Crest Gold Mines Ltd
—_*
Shawkey
2.75 May
1.72
——
Gold
Quebec
2.05 Mar
Jan
2.55 Mar
60c
Gold Mines Ltd——1
Cadallic
Crow Gold
Pickle
Apr
205
Gold Mines Ltd———
Perron
1.32 May
1,000
Gold Mines ——-————9
Omega
Jan
Apr
19c
Corp .Ltd——*
Mines
Apr
.
1.50 May
•
Cockshutt Gold
Mining
lie
22%
Goldfields
Red
■
28c
Jan
1.16
"'
1.40 Apr
19c
—
MacLeod
7c
;
■
•
Feb
90c
22%
——————
Ltd——„
Mines
31c
2,500
10c
Feb
4.35
4.35
100
I."
.„
1
'
1
*
Wright Hargreaves Mines
159
Ltd.
——
'
3.95
Jan
12 %c
Jan
3.10
Jan
40c
4.50
Apr
Feb
Oils-
Jan
East
15%# Jan
20c
V
Jan
Apr
Jan
51%
2.55
52c
2,500
Waite
Range Since January
49%
1,100
1.18 Mar
10,300
Steep
147
60c
28'A Feb
2.40 Mar
54c
Teck Hughes
46%-
'2,700
1.50
•
*
Sullivan Cons Mines
Funds
LOW
V 140
1.40
Standard
High
:
41C
Jan
16
17 %C Mar
'
m
Apr
1.32
Pandora
28
Jan
41c
—
May
Jan
2.24
1.70
"
1
Gold Mines Ltd
Normetal
,
Apr
Apr \
1,66
1.80
I—1
Madsen
83
fJan
10
Jan
75c
36c
—
42c
"
•
1
1
Mar
41c
1
1
Feb
Jan
.Jan
19c
Apr
200
1
Cadillac
Heva
2Q% Mar
8
14c
J.-M. Consolidated Gold Mines
^
19'A Mar
6%. Jan
33,300
1.70
8c
l
22'A
Jan
5
14c 14 %c
14c
_i
;;
Apr
1,830
Jan
19 %
Apr
1 Jan
14%
3
107
Feb
4,800
'
19%
14
Week's
Mar
j
1.80
18
$5,000
100
1.30
21
420
49%
19
May
1.30
115
t
Apr
96
Apr
Louvicourt
1,258
15
50
22c
Apr
10
155
18
96
79c
Jan
120
44%
37'Ac! Feb
Mar
Shares
25
Feb
36%
110
600
78%
Range
*
—*
46'A
50c
59%
100
28
2%
Jan
50c
Mar
of Prices
3
35
—,
iMar
97%Mar
Sales
for Week
49 %
Jan
Jan
40
.
99
May
]
Sale Price
preferred
Mar
105
55
26c
70
-
'
7 7c
Jan
14
Feb
58
'
Last
Abitibi
60
Jan
17c
325
3%r'Apr
15
Low
Feb
6%
500
Mining & Explor Co Ltd—i
Lake Fortune
9
Lake Shore Mines Ltd
———1
.
May
Feb
57%
112
,
10 %
26c
———
•———
Francoeur
.
Klrkland
18%
20%
' 7
79Va
25
13
5
26c
Mines-
Gold
Formaque
r
Jan
r Apr
40
May
356
.
Jan
10%j(iJan
11
.; 75
27
10c
——.
Mines
22%*Mar
r
Feb
13c
Mines
Sullivan
% Jan ;
25
Mar
22
v
Feb
3%. Apr
Feb
2%
23
20
—1
Malartic
'Apr
142;
16%; Feb
7,0
26'A
:23% Mar
10
——.
East
Montreal Curb Market
Par
5
300
Jan
♦
STOCKS—
3,480
Jan
Jan
14
Feb
22,474
—————
Feb
22
.
Mines
Stadacona
Friday
23%
3%
27
13
58%
8
104
43
12%
May
Ltd—
Corp
East
;
Blscoe
Canadian
12%
575
3c
9
Feb;.;
3%
74
..
Donalda
106
140% Apr
ui
Dome
Feb
99
49%
9%-Jan
30c
—————
Mines Ltd
Jan
Jan
50
•
Notes
3%
Mar
12c
Gold Mines Ltd—
Mining
Century
Jan
;
35
16%
16%
Mar
9
—
l
Mines Ltd
Mines Ltd
Cartier-Malartic
May
!
——
■——
2%
75
"
500
Central Cadillac Gold Mines Ltd
•
J:
25
2%
9%
28,200
37% Mar
18%'Jan
'( 400
! Jan
107
Feb
Mar
9C
Bouscadillac Gold Mines Ltd
105
1,945
Ltd
Mines
Feb
15
23
Gold
20
105
£
[Jan
12c
Exploration & Radium Ltd—
Beaufor
Feb
9%
175
Feb
24'A
Mar
4%
1
Bidgood Kirk Gold
2%; May
.875
16%
12c
Ltd
Apr
7
1,298
26%
Jan
7%c
Ltd-————■
Mines
Aubelle
Apr
1,330
4
Jan
12
—i
Mines
Quebec
150
18 % Mar
•
8% Mar
Apr
22%
.—-1
?, 17
Jan
14%
16%
;—
Scotia
105
7
jJan
108
—1
-—
Paramaque Mines
Montreal
10
30
100
Jan
19%
May
Banks-
Commerce
22
25
485
42 %' Mar
Jan
100
28c
108
__
•
Ltd
Corp
Copper
Jan
•
32
5
34%
2,055
10
19%
4%
i
29c
——
Apr
150
.
96
>"
Corp
Mines Ltd-
Ashley Gold
Jan
112
Jan
57% Mar
25
700
; 900
Feb
Mines-
Apr
11%
Jan
100
285
16
,_9
—
A—9
Arno
6% May
Jan
8%
.1,515
43%
43%
9
common
•
—
Ltd A—_*
United Distillers of Canada Ltd
9
27% May
28%
;
4%
27%' Apr
Jan
Jan
5%
150
Feb
39
Feb
Apr
69
79%
25
50
preferred
Quebec Pulp & Paper pr
55% Mar
500
71%'
^'2V 21%
—
'
9
:
19%
Jan
24% Mar
10
75%/:75%'
79'%
*
common
—
Ltd
Aumague Gold Mines
22
.
*
22%
—
3%
27
__
13
—
58 %
8
7
—
103
—43
Mount
Aldermac
11'11%
18%
20%
^ 6%
30
20
——-—
preferred
Corporation
47
Apr
17% Mar
50
95
Jan
.Feb
3
3% Mar
25
890
106
9%
23%
Windsor
1,020
..
37%
23%
*12%
Paper
Feb
12%'" 12%
•
————
Electric common
Preferred
—!
Winnipeg
Zellers
*
common—2__l—'
rGeorge)
Wilsils Ltd
,•••'
G & W common—
PreferredWeston
*
!
—
Walker (Hiram)
Ontario
&
2%
—
41%
May
43%
640
11%
Mar
41
100
7
24 %
13 %
105
—
10
Apr
37
106
4
__
98%•
V./ji'',;
.58
77
1 ; 76
537
22%
100
pfd
42%
Jan
1,312
61 - ; 62
17% % 18
'
City Rapid Transit common
Twin
6%
Oil
United
12%
.
100
Southmount Invest Co
11%,. Jan
-25
Preferred.—
13
23%
.
Southern Canada Pwr 6% cum pfd—100
115
* 71
pfd
5%
Ltd
—
Ltd common—*
Apr
>. ~12; '^12
71%
Co
__
9
Mar
'
11%;
,
275
27 %
40
100
; 7
24 %
13
—
*
——
Paper Co
26%
3,012
59
23
—*(£'
common——*
pfd—100
Inc
&
24%
42
150
16%
___
Power.;—;
Canada
Co.
2nd
Moore
Jan
16
-
6%
J
40%
•
May
10
10---. 11
61
3%
27
Feb A
Jan
24
40
150
16%
17%
3%
__
__
20% Mar
3,732
112
—-
A
Power
1st preferred
Apr
9%
15% Feb
com—.*
Canada
35
38%
38%
„
.
•
A
11%
9%
,225
.
39%
43%
18%
53%
106
2
—♦
Refrig & Storage Ltd com
9
Reliance
.10
".V
100
Brewery Ltd——
Montreal
Jan
17
Feb
8% Mar
340
Paper preferred-Ji.j.-lOO
Shawinigan Water-& Pow«r__
*
Sicks'
Jan
15% *15%
St Lawrence
Steel
Molson
Feb
• —"
—
2%
Limited
(Alfred)
Minnesota
.
May
12
Jan
15%
25
Saguenay Power preferred^££T£'—A_100 ' —
105 ^ 105
Si cawrence Corp -common.—;,A
2% /.f...2.%-> >1 %3Class A preferred—
50
—->£ 18 %
18%
St Lawrence Flour Mills preferred—100142
142
Southern
v
Jan
35
35
1,490
34
100%;
.1.
Sherwin-Williams of
\*
Ltd
Preferred
112'A Mar
9%
19%
7%
•
2%
Melchers Distilleries Ltd com———*
24 % Mar
Mar
11
Ltd
McColl-Frontenac
;
Mar
17%
16%
19%
7%
Rolland Paper common—:* v
^
—
18% Mar
33%
,;
Preferred
Jan
102
26%
34
Quebec Power
5
9% May
9% Mar
28% Mar
Apr
21%
y 37% Mar
Jan
97%
v; 162
11
Jan
Jan-
16
—
;
y
Canada
Massey-Harris
32% Mar
24"% Mar
59
;
18"A
Jan
165
*
:
7%
310
Ltd
Companies,
Lambert
*'■
.1
250
Mar
29%
V 300
,
10
\ 19%
Canada
of
Corp
Price Bros & Co Ltd—
9%
10»%
Apr
i
j.-::
Fraser
Apr
104
Jan
360
*
Powell River Co
27%
Jan
101
■
Placer Development
40
Jan
Feb
36%
Feb
Feb
Mar y
Freiman
Jan
35%
—
Jan
35 %
10
35
Jan
112
—100
1
;.
30
625
9%
112
: '
26%
5%
35%
•
common
Preferred
100
39%
9%
-Apr
.745
*
35
39
10%
" Jan
21
108%
27%
10
100
common
Tubes
Page-Hersey
:
24%
—
35
i*
—
3Q%; Jan
18
23%
43
*
Rwys
Jan
—
1
50
24
5%
3%
39 %
*
•
630
25%
26%
5%
Apr
Aircraft
1,898
23%
22%
27%
1.00
Motor of
'
24
•
*
Mar
Jan
Fanny Farmer Candy Shops Inc
15 •
100
22%
—
9'A
60c
Ford
1,495
37
43%
17%
53%
Jan
Jan
400
Fleer
-1,681
9
—
3%
8
95c
Feb
175
17%
16%
17%
1,800
4,117
—
8%
1.00
Jan
30
31
-
25
37%
43
3%
Jan
Mar
110
20
27%
•
43
8%
7%
640
;>
I6V2
27
25
Corp
Feb
3%
43
24
11
665
7%
43
11%
Jan
8%
•
12%
6%' Feb
145
1,225
1,360
7%
—
6%
520
■
*•
Maple Leaf Milling Co
10
Jan
Limited.
Jan
•
Car
Ogilvie Flour Mills common.
Ottawa Car Aircraft——i.
;
Aircraft
7%
»
Feb
49%
7
Feb
Feb
•
common
_
Steel
Penmans
8%
7%
—
Jan
Feb
—
MacLaren
9'A
55
143
42
common
Co Ltd
Paper
Apr
40
Noranua Mines Ltd
Ottawa
260
*
Breweries
Ottawa
10
•
Cons
Preferred
/
Donnacona
15% Mar
*
Pr
&
Montreal Telegraph
National
Jan
27 V2 27 %
v
110'A 110%
35
33%
35
—9".12
12
(Robert)
National
Dominion
17%
13%
•
McColl-Frontenac
Mitchell
Jan
Apr
Mar
Jan
__
Mar
46
92
Woollens
104%
15%
Jan
23%
Jan
50
46
3%. Feb
t1
12%
23%
62
Jan
Linoleum
&
; 13%
>
Apr
15
Oilcloth
1,512
98%
46
45
51
51
Engineering Works Ltd—*
1,035
28
Jan
45c
Dominion
14%
13%
100
Feb
2
Jan
Dominion
14 %
13
35%
2
Apr
Apr
14%
13
36
2'A May
75
150
14%
Mar
225
7
y
Mar
20c
12
;
27%
May
168
110
100
88
•
3
3
14
Jan
100
Ltd
2,590
•
_
Massey-Harris
Montreal
•
2%
Jan
,
30c
Feb
102
91
2%
Jan
13
159-
1,465
Apr
*
Ltd
33
Lake of the Woods Milling common..'1
Lang & Sons Ltd (John A)
;
*
Laura Secord Candy •
:
3
.
97
Aircraft Corp
16
.—100
Preferred
Jan
22%
20jA
15
Paper Corp Ltd
111
*
Ltd
International Utilities
Jamaica
35
100
98
102
21%
-15
common
—
111
14
3
100
Alcohols
111
100
International Paper
Apr
30c
pfd
5%
32%
•
-
108
161
2%
Jan
10%
221
>
12%*
916%
common
Apr
15
51
7%
15
Preferred
Commercial
Consolidated
,
•
,>.'*■.,;'L-■-v:' ;;"3t
Int Nickel of Canada common
?;
Products
33
100
Preferred
International
Jan
15
com.9
Claude Neon General Advert Ltd
111
Industrial Acceptance Corp common—*
1'
Jan
106
Feb
—15
Jan
21%
£1
—
—
26
Jan
11
22% Mar
13'A
•
1
Jan
9
*
of
Apr
Mar
107
100
160%
pfd——100
•
common
Bay Mining
56%
10
500
65
21
1.00
10%
Jan
Food
7%
100
paper
Preferred
Hudson
3.30 Mar
Jan
200
21
21
com—__■*
163%
6%
7
.11%
21%
5
——
Ltd
Tr
Company—
Feb
•
—9%
7
Hollinger Gold Mines-
Feb
*
Westinghouse Co Ltd
Limited common
Cassidy's
12%
102
-,
Inv
Canadian
Jan
74
280
-
Inter
15% May
Apr
1.61%
1
11%
13%
Hamilton Bridge
i
105
13
13
109% 109%
—
Ltd
110% May
12%. Jan
109
Industries
Vickers
2,540
••,
98
„
9
»
common
24
106
•
Ltd
Investments
Gen
Canadian
15
8
23
100
100
preferred—___.
preferred
General
50
2.30
'-"J
'
%
Jan
Apr
55
-
11%
11%'
•
Gatineau Power common.
45
160%
& Dock Co Ltd^.
Canadian Marconi
Jan
16
Jan
8%
13%
7%
__
—^
•
.
Canaoian
27
14
165
162
8 V2
.
*
Apr
Feb
124
225
110% 110-%
72% 72%
Jan
20
5,637
16
—
27%
115
135
—
1
Products____
-
7%
„
7%
•
Enamel
290
Jan
36
•
Dryden Paper
&
110
12
100
—
2,490
56
106'A 106V*
23%
24
106
106
—
—
9
pfd—100
Vinegars Ltd
11%
*
com
pfd
Canada Wire & Cable 6%%
Apr
12
9 '
common
—
May
11%
—-.-25
Ltd———
Textile
32%
12
100
Pieferred
61
Feb
—
100
,
Preferred
Dominion
Jan
29
_*
B
Dominion Tar & Chemical
42%
361
,
Canada
*
Steel—
&
1,185
,
3.20
—
-100
& Dominion Sugar..
*
North Power 1% preferred.100
25
——
common
-w—I—35
Preferred
Dominion
61
32
32
Dominion Coal pfd—
Dominion
61 ;; 58%
•' 32
•
——
High
Low
3.05
55%
__
100
—
Calgary Power Co Ltd 6%
Canada
.
1
common
Preferred
May
39
Brown
Range Since January 1
High
May.
36
39
*
Co
15%
Feb
35
36
*
Glass
Consumers
11%
Shares
Low
Jan
50
for Week
Range
of Prices
Sale Price
Par
17%
39,220
15%
High
15% Mar
50
Sales
Week's
Last
64
65
&
4
STOCKS—
13
*_•
MAY
Friday
Low
17
14%
14%
25
ENDING
Range Since January 1
r
High
17
•
Consolidated Mining & Smelting-.
Shares
Low
Par
.'
Locomotive
WEEK
for Week
Range
of Prices
Sale Frice
STOCKS-
FOR
Sales
Week's
Friday
Canadian
2031
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
161
17% Mar
Jan
25 V*
Jan
Mar
26%
Jan
Crest
15c
Homestead Oil & Gas
Ltd.
14c
15c
500
3.60
Oil Co_;
Ltd.
Home Oil Co
3.60
747
14c 16%C
,
116,300
4'Ac Jan
21c
Apr
4.25 Mar
16 %c
Apr
THE COMMERCIAL & FINANCIAL CHRONICLE
2032
Monday, May 7, 1945
OVER-THE-COUNTER MARKETS
Quotations for Friday
May 4
'
For
Quotations
Real Estate Bonds
on
Over-the-Counter Quotation Services
Shaskan
SECURITY DEALERS AND
FOR
FINANCIAL INSTITUTIONS
:l;
Co.
&
Members New York Stock
Exchange
Exchange
Members New York Curb
Call
Write for Free Trial
or
40 Exchange Place, New York 5, N. Y.
*
...
a\
,4
NATIONAL QUOTATION BUREAU, Inc.
Tel:
DIgby 4-4950
Bell Teletype NY
1-953
Established 1913
46 Front Street, New York 4,
N. Y.
V
Chicago
Reorganization Rails
San Francisco
(When,
Bob ds—
Akron
Investing Companies
Far
Bid
1
Aeronautical Securities
Affiliated Fund Inc
Holding
Corp
Par
9.07
4.97
..10
5,44
29
Series
30%
Bid
28.50
29.85
31,93
B-2
—
4.26
4.67
Series
B-3
21.79
Investing ,10c
13.95
15.13
Series
B-4
12.00
Foreign
Bankers
16.90
1
Nat
5%
of
Tr
Inv
Fund
Boston
18.17
Investing
ACommon
"Bond
Series
—8
20.29
Series
21.97'
S-2„
S-3
15.00
Invest Co Inc. ,„5
Street
Bullock
34.51
37.31
—1
18.78
3.55
4.15
•
31.91
34.31
1
11.01
11.92
S-4
Ltd
Century Shares Trust
'Chemical Fund
5
Christiana
'
com—100 2,800
Securities
Preferred
—100
-
.
Manhattan
Bond
Income
Investors
53 %
55%
Mutual
-1
20.11
21.74
Nation-Wide
6.28
Invest
(Colo)
2.80
25c
D
Eaton
Fund
,«•
15.55
16.63
Low
Low
priced stock
Fund Inc
Financial Industrial Fund, Inc.
First Mutual Trust Fund
8
Fundamental Invest Inc
-2
24.10
25.96
2.14
2.35
stock
'*•
"
j.
'
shares
Agricultural
.
Automobile shares
Aviation
sharesBuilding shares
Chemical shares
Electrical Equipment
7.91
8.70
7.87
Fund
General bond shares
9.60
8.28
9.10
Investing
10.65"
.<•'
8teel
•5.69
4.82
——
I- 5.31
'*6.36
Scudder, Stevens & Clark
•
102.27
104.33
2%
12.16
13.26
1
6.75
1
A Huron
Holding Corp
Income
Foundation Fund Inc
Incorporated investors
—5
Independence Trust Shares
Securities
f
,1.63
1.78
27.75
29.84
2.61
2.93
•
Series
Investment Corp
•
10
58
13.34
Group shares—
Bank Group shares
Insurance Group shares
1.04
1.12
.1
49 %
Northeastern
.29%
31%
Northern
34%
37
10
Wellington Fund
10
29,37
10
13%
'14%
5
23J/4;(
53% ;
25%
Revere
56%
St Paul Fire &
10
21 %
23%
Seaboard Surety
8
48%
51
Security New Haven
5
2nd
19.40
18.78
24.30
-
20.49
*
9%
American
32%
U 8
10
27%
29%
Hartford
.107%
111%
0
Fire
*
'
■■
Bid
.
Bank of the
Manhattan Co
Bank of New York
to
inn
Bankers Trust
in
-Brooklyn Trust
.——100
25%
&
AFirst
Boston
Co
l
4%
io
Corp
41%
Bid
Pow
Lt
&
SVsS—1974
Birmingham Electric 3s
1974
27%
48
50
117
,
.
Fulton
Trust
Grace
National
100
100
Guaranty Trust
Irving Trust
Kings County Trust
,
122
100
10
111%
Chemical Bank & Trust
10
Commercial National Bank"&~
41%
434
42%
Vermont Pub Serv
Cent
57%
59%
Manufactures Trust
20
49%
52%
Morgan
10
21%
22%
Trust~20
National
55%
57%
New
96
Public Nat'l Bank & Trust—17 %
Title Guarantee & Trust
12
Trust
Co
Continental Bank & Trust
Com
Exchange Bank
Empire Trust
&
50
First
National
34
36
100 1 795
Bank
92
~__
Fiduciary Trust
Lawyers Trust
Conv
1.855
For U. S.
•
Maturity—
Int
*Dec. 15, 1945_
%%
tMar 15.
tDec 15. 1946...
tMar 15 1947
tSept.
15.
tSept.
15, 1947.
15. 1948.
tSept.
1947.
Rate
,
Bid
Ask
100
100.5
100.29
100.30
1%%
100.15
100.16
1%%
101.1
101.2
1%%
1%%
1%%
100.17
100.18
101.5
101.6
..
100
City Bank
12 %
25
Bid
185
or
more
of
Jan.
32ds
of
a
2.50
54..
1
31"% / >
i
3.49
16%
•
f
Power
&
Narragansett
New
/
Light 3yaS__1974
Elec
3s_:
Uk
105%
1974
106%
107%
108
Public Service
Orleans
108
109
Ohio
100
100%
Erie
100%
101 »/8
Oklahoma Gas & Elec 2%s_1975
100%
100%
100
100%
Pacific Gas & Elec 3s
1979
106'/a
100
100 y2
Potomac Edison 3s
1974
105%
106%
Reading
1975
100
100%
Light & Power 3s
RR
3%s
3y8s__
—
—1953
Power
3%s
1974
58
50 %
293
413%
103
1,
^.1965
San
109%
107%
Carolina
Virginian
'
1975
3y8s_—
Sou'western
105%
—
Co
3%s
Diego Gas & E) 3%s__1970
South
„
noy2
112%
1975
ioiy8
101%
3y8s_1974
103%
104
-1995
Pow
Pub
106%
105%
105%
3s
Serv
Ry 3s„_
101%
Rates quoted
1,800
60
52
298
43%
106
tot discount
are
Bid
Treasury bills—
Ask
.
purchase
at
Bfd
r.
June
-
Ask
1945.
b0.375
0.33%
1945-.
21,
*
b0.375
0.34%
b0.375
0.35 %r
b0.375
0.28%
May 17, 1945
b0.375
0.32%
May
May
24,
1945—
b0.375
0.32%
July
12,
1945
b0.375
31,
b0.375
0.32%
July 19,
1945
b0.375
0.35%
June
7,
1945—
1945—
b0.375
0.33%.
July
1945—
b0.375
0.35%
b0.375
0.33%
August
1945.
b0.375
035%
May
1945
10,
June
1945
14,
June
28,
July 5,
1945
26.
2,
0.35%
13%
1,540
•
Obligations Of Governmental Agencies
Bid
Federal Land Bank Bonds—
.0600
.0700
.0625
;0720
.0615
3s
3s
July
Jan.
.085s
1955-1945——100 25/64 100 27/64
1,
1956-1946
101.26
J»«
Mav 1, 195R-1946
2%s Feb. 1, 1955-1953
.0819
July
Loan
16,
Other
101.28
a
Odd lot
sales,
b Yield
U 8 Conversion 3s
104
U S
price,
.0969
Casting Co. with the W. B. Jarvis
.0766
to Stock
Exchange,
r
c
Result
Co.
Canadian market,
.0769
y Ex-rights.
.0669
.0849
.0732
.0928
*No par value,
tin default.
furnished by sponsor or issuer.
«
of
b0.90
0.75%
Issuet
102.26
103%
Conversion
Ask
Bank—
1945
3s
Panama Canal 3s
.0619
.0606
Home
102.24
-
.0839
~
Bid
Federal
.0698
.0706
I
I
Ask
,
.0710
.0618
I
„
Edison
United Stales Treasury Bills
43%
1946
1946
101%
101
3%s_—
3.57
Dollar Price 100 Plus
Indebtedness—
Bid
Ask
1, 1946
t%s March 1, 1946
t%s April 1, 1946
100%
103
Lt
107
101%
Northern States Power 2%s_1975
109
Gas
106%
101%
/' 108%
105
2%s
-1974
New York Pwr & Lt 2%S—1975
108% A
1974
Pow
3%s
102
1027/8
108%
1990
-2000
-
17%
45
■l
81>/2
34%
Ask
point
t%s Feb.
t%s May 1,
76%
200
41%
t%s June 1 1945
t%8 Aug. 1, 1945
t%s Sept, 1, 1945
*%s Oct. 1, 1945
t%s Dec. 1, 1945
t0.90s
41%
51%
101%
Treasury Notes
one
39% ;/
4
10
102V2
200
12%
100 1,480
States Trust
Certificates
.
23
.
& Co Inc__
Maturity—
100.1
100'4
L *
com—20
York Trust
United
Figures after decimal
point represent
Co
preferred
(J P)
-
—————1975
Kansas City Term Ry 2%s_1974
43%
114%
v
,
Bid
Miss
' 104 y4
Laclede
100 1,750
25
42
Central Hanover Bank &
Trust 20
Chase National Bank
15
124%
35% ,' ,38%
A 583 :,-
568
Ask
106%
106
103%
Houston Lt &
Par
462
v
iW
38%
1974
Empire District Elec. 3%s„1969
Ask
450
53J/4
^
Conn
Banking
City Banks & Trust Cos.
Par
80%
V
Recent Bond Issues
Arkansas
Florida Power & Light 3%s_1974
4V8S
1979
■
25%
/
2s
-
Fidelity & Guaranty Co—2
U 8 Guarantee
Westchester Fire
Florida
New York
'
30%
50%
35%„
119
10
100
US Fire
10
Hanover
25
Standard Accident
Travelers
31
.
77%.
'
10 7
Springtteld Fire & Marine
10 %
30 %
89%
7J/4
29
23%-
10
—
29
5%
lttti
Marine—_12%
85%
Ins. com.
preferred
13%
37%
Chicago & Northwestern 3s 1989
Corporations
15.52
5
\
91% :
12%
34%
10
Fire
1945
101%
101%
1947
104 »/8
104%
1961
133%
134%
the merger, effective Jan. 1,
1945, of Doehler Die
delivery,
e Ex-interest,
f Flat price,
k Removed
sale—not included in range for year, x Ex-dividend,
d Deferred
s
Cash
.«
/:■
•
tThese bonds
are
subject to all Federal taxes.
■'
92%
87%
—2 V
(NY)
:
V-v."1'
57%
10
(Texas)
(Pauli
6%
5
Reinsurance Corp
Republic
;
105%
10. ;
5
General Reinsurance Corp
Marine
.
Phoenix
98 %
Fire
88
•
10 r 55%
94%
72%
,;
25:uoo%
Preferred Accident
159
!
;
Providence-Washington
-
2%s
31.92
15.18
Fire-
: 24%
5%
12.50.
Indemnity Co
15%
22%
u
5
Pacific
52%
153
2.50
Pacific
—
48%
.
'
9.05
22.23
1
River
76%
10.45
15.53
Investment
60
20
24.12
9.56
1.24
14.18
.
33 %
47%
99c
8.28
C
A Blair
Investors Fund O
North
46%
10
26 07
22.07
Union Common Stock Fund B
14.62
94c
Stock and Bond Group sharesInvestment Co of America
10
60
5
10
Franklin
Fire
56.50
88c
25.28
B
Series
53.50
25o
A
Union Preferred Stock Fund
U S El Lt & Pwr Shares A
Ltd—
Aviation
-
State Street
Trusteed Industry Shares
Union Bond Fund series
—100
Common
62C
50°
•
29%
>
635
7.39
Sovereign Investors
8
27%
13%
Great
.
Fund, Inc
Selected Amer Shares
2
185
30%
Globe & Republic..
Globe & Rutgers Fire
5.78
—-
shares-
Casualty
61%
V
45%
4.76
5.17.
—
Tobacco shares.
Amsterdam
175
5
Glens Falls Fire
4 28
83 %•
20
Fire
10
Gibraltar Fire St
17.00
Union
New
/
10
Fireman's Fd of San Fran
Firemen's of Newark-.
—
3.90
32%
7
York
3.23
15.81
29%
58%
2
Hampshire Fire
3.11
J
National
8%
Casualty
New
Fire Assn of Phlla
8.38
1
(Detroit)—10
Liberty
New
1
Fund
National
New Brunswick
1
(Geo)
5%
Ins
22%
Fidelity & Deposit of Md
shares—
Republic Invest Fund,
7
5%
50 %
20%
Series 1956
Putnam
5%
Y
-
20%' % 22%
Federal
9.81
5.77
4
N
National Fire
630
5
Series 1955
6.92
11%
79 %
8
12 %
10
6.02
>
National
67
40
78%
100
7.47
6.29
40%
10%
76
49%
1
Fire
Fire
21%
7%
25
Employees Group
Employers Reinsurance
8.36
99%
■
10
Mfrs
Monarch
20%
—2%
^8.74
'5.24
Steel shares
Institutional
37
4,32
Equipment- shares—
stock shares
&
—
37 %.
20
Casualty
61
,
9.12
7.62
Trust
Mercn
29%
15%
97%
Connecticut General Life
Continental Casualty—
Crum & Forster Inc
13.04
8.92
Jersey Insurance of N Y.
13%
•
64%
10
'
Railroad
Utility
7.60
—.
25
Boston
11.88
8.29
—
1
10
10
City of New York
10.86
;
10
Surety
Camden Fire
15.54
,
Reserve
Bankers & Shippers
13.64
9.88
10.81
Fire
58
10
Baltimore American
9.80
„
7.95,
American
American
10.33
~
11% >
Re-Insurance
Automobile
11.59
9.40
?
Homestead
Insur Co of North America
45%
17%.,;'. 18 y2
3%
American
10.97,. >12.05
„
50%
83
78 %:
American of Newark
13.51
-
—
"48%
*«k
42 %
27%
5
Merchant Fire Assur
8.91
stock
Home
19%
5.47
—
Railroad Bond shares——
•RR
equipment
57%
2fl
Alliance
«'<!
Hartford Steamboiler Inspect._10
55 %
10
Life
6.791
Merchandise shares
Mining shares
Petroleum shares
31%
75%
Par
78'A
18%
8.87
-
Speculative
Amer
29%
Companies
Bio
74%
Maryland
11.87
North
20
55%
73%
—.
Massachusetts Bonding
13.57
—.
Railroad equipment
7.92
18
—
13%
10.55
—.
—
Metals
9.57
7.20
—
63
53%
corn-
'
24%
8.06
Oils
11.17
8.71
—
Price Shares
Low
stock
Railroad
87
Preferred
28%
12.35
;■
Machinery
10.55
shares—
Institutional bond shares——
Administered shares—
85
Seaboard Ry common
Preferred
12%
15.00 -15.15;
-
-
—
Insurance
6.12.
•
St Louis & San Francisco
102
69%
29%
61
—
100%
32%
68 %
27%
com
100
—
6.70
14.15
8.84
Fully
——I
-
Chemical
12.87
Preferred
9.55
12.42
5.56,
Grande
4.58
6.04
Diversified
8.04
63%
30%
100
-
Rio
26'/2
4.07
U
Diversified Investment Fund—
11.12
98%
1993
80%
&
22%
8.64
-
9.81
Industrial Machinery
""
common
Aetna
8.62
8.53
—
preferred
_10
7.84
8.93
Food shares
5%
•
;
j
10
American
8.11
12.30
Electrical
24%
61%
Preferred
Francisco—
Agricultural
6.13
-
Building supply
7.50
91%
22%
—
Common
94
-
78%
50-year 4s
,
8.10
7.76
6.36
92
2018
San
61%
89%
American Automobile
American Casualty
American Equitable
0
American Fidelity & Casualty.S
7.37
U- Aviation
Bank
Group Securities—
1
6.12
85%
107%
Denver
Aetna
Stocks Inc—vs:.. :;/■;>/
Automobile
,
6.05
7.16
Trust
General Investors
39.35
•
1
2019
Aetna Casual & Surety new
10.00
7.18
series
series
New England
■
Common
Insurance
1.62
9,25 >
Preferred stock series
Agriculture
General Capital Corp—
1.50
<.;•••';;
priced bond series
New York
59%
Youngstown—
.
Chicago Rock Island & Pacific—
Income 75-year 4%s
—■
■
5.54
1
7.37
4.51
-
.
series
Stock
31.25
&
&
Chicago Milw St Paul & Pacific
Grande—
14.10
1
Industrial
Stock
83%
105%
'Par
National Security Series—
Bond ser-les
26.28
6.62
4%s
Canton
preferred
10.92
National Investors Corp
7.35
1,62
28.52
2019
14.01
25c
24.58
'
4%s B
27.76
13.03
10
Inc
1
Fidelity
99%
4%s
Louis
1st
Securities—
Balanced
,
9.93
25.82
1
voting shares.
Income
Howard—
Fund
Fund—
&
6.45
1.47
-
47.30
1
;
Fund
2d
series B shares
(Md)
Diversified Trustee Shares—
Dividend Shares
46.35
St
7.87
110.04
10c
Investors Trust
-1
Fund
7.08
108.19
—
Common
Mass
Trust.:
Investment
Consol
97%
Rio
87
—
Fund Inc—
Mass
147
1
Delaware
—
Sayles Mutual Fund—*
Lootnls Sayles Second Fund—10
'Commonwealth Invest.—
5.78
Fund
Loomis
2,900
142
2019
1st 3-4s income
Knickerbocker
Fund
Inv
Canadian
4%s A
1994
&
101 %
85
Common
106%
income
Denver
7.06
6.36
Akron
5%
104%
income
income
Conv
14.49
20.58
1
Ltd..—
Fund
Series
75%
1994
ist 4s—
-
Broad
95%
73%
Chicago Rock Island & Pacific¬
16.52
13.13
-
93%
2003
Gen
29.89
Stocks
& Pacific
,
Ask
99%
—
4%s
102 %
,1983
4%s
Gen
28.59
100%
Income
100%
1988
1st 4s
22.25
25.98
27.22
-
Series
110.97
20.43
K-2
Series S-l
6%
105.13
America-
Inc
K-l
Series
—1
Axe-Houghton Fund Inc
'
Bid
98%
Indianapolis & Louisville—
2nd
13.19
American
if issued)
Seaboard Ry 1st 4s
1988
Chicago Milw St Paul
23.91
and
as
Ask
Youngstown—
A
1st 4s
Funds—
B-l
American Business Shares— —1
*
Chic
Ask
29.11
Keystone Custr-'tan
Series
series
&
4%s series B_.
Ask
8.28
.1%
AAmerex
4s
Bid
Canton
,,
•
A Quotations not
>
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
161
2033
Week Ended April 28
1945
THE COURSE OF BANK CLEARINGS
Bank clearings this
of the country,
stands
at
$11,691,084,190,
Our preliminary total
center there
is
against $10,478,953,119 for the same week in 1944.
for the week follows:
mary
Our comparative sum¬
gain for the week ended Friday of 26.2%.
a
At this
1
389,938,625
+ 18.7
602,000,000
535,000,000
+ 12.5
+
179,871,920
—
298,251,192
156,088,361
175,200,000
150,200,000
240,641,000
+
225,639,710
211,999,846
1,953,457
1,619,375
+ 20.6
1,954,286
1,664,942
2,513,650
1,670,084
+
6.6
3,085,857
+ 13.0
2,216,159
2,385,953
1,621,768
2,019,237
1,419,006
+ 42.3
2,466,998
4,923,600
4,218,700
+ 16.7
7,967,700
714,573,284
620,090,186
+ 15.3
Reading
Bcranton
"_
Wilkes-Barre
1,886,455
York
New
\
Jersey—Trenton
(lo
cities)
3,782,904
602,229
1,878,845
1694,100
r
1
765,349,328
;
606,484,108
108,105,000
0.4
2,962,256
2,933,985
+ 22.0
3,768,941
131,893,425
104,018,645
92,255,174
+
229,486,234
205,145,164
+ 11.9
225,851,209
190,418,045
17,819,000
16,407,800
+
8.6
14,017,300
13,220,200
2,538,156
2,454,591
+
3.4
2,022,338
Youngstown
3,827,665
3,287,843
+ 16.5
3,834,456
3,083,874
281,486,705
281,450,460
+
0.1
286,070,283
226,506,583
670,834,089
620,619,799
+
8.1
638,776,487
530,406,606
Pennsylvania—Pittsburgh.
187,560,984
Total all
All
Total
186,754,137
+
131,315,809
+
7.9
$8,185,457,753
five days.
1,988,745
2,189,956,305
$11,691,084,190 $10,478,953,119
Carolina—Charleston
Maryland—Baltimore
District
will appear
We cannot furnish them today, in as
much
as
the week
Saturday and the Saturday figures are not available at times of going to press.
Accordingly, in the above the last day of the Week in all cases has to
able to
be estimated.
statement, however,' which we present further below,
give the final and complete results for the week previous—the week
ended April 28. For
that week there was an increase of 11.8%, the aggregate of clear¬
ings for the whole country having amounted to $10,478,953,119, against $9,375,149,029
same
week in 1944.
Outside of this city there was a gain of 7.7%, the
f. according to the Federal Reserve Districts in which they are
located and from this
that in the New York District (including this city) the totals show an
j improvement of 14.9%, in the Boston Reserve District of 5.7% and in the Phila¬
In the Cleveland Reserve District the totals
delphia Reserve District of 15.3%.
larger by 8.1%, in the Richmond Reserve
Reserve District by
District by 4.0% and in the Atlanta
1.0%.' The Chicago Reserve District has to its credit an increase
14.0%, the St. Louis Reserve District of 3.0% and the Minneapolis Reserve
The Kansas City Reserve District enjoys a
of 3.8%.
6,163,000
55,261,439
—
of
2 064 513
1,983,802
4.1
2,089,083
jii. 1,738,330
155,560,451
153,955,925
1.0
156,138,182
.120,694,345
.38,969,251
36,207,367
7.6
37,151,602
285,533,582
____
274,481,390
4.0
272,248,307
Columbia—Washington
(6 cit'.es)
+
,
32,761,569
217,609,658
;
Federal Reserve District—Atlanta—
Tennessee—Knoxville
12 919,232
Macon
;
11,142 217
37,769,467
36,815, 532
132,000,000
<,
Nashville
Georgia—Atlanta
Augusta
000
2,326,399
52,713 050
4,056,623
;j
4,196, 539
Mobile
Mississippi—Vicksburg
35,804,543
0.5
116,100,000
3.0
0.6
—
,
887
,^,95,800 ,000
2,661
::::;*i,75o
1,746,080
2.5
47,870,254
25,355
000
4.0
+
—
42,512,391
"''36,413
290
3.3
—
-
3,765 800
5,046,126
168,501
182, 411
7.6
142,590
84,336, 840
+
1.0
86,201,090
379,360,189
(10 cities)
842
1,930,915
85,185,935
Louisiana—New Orleans
,<5,482
",,,528,861
7,549,618
2.6
+
1,713 704
49,708 598
51,308,560
1,703,328
Alabama—Birmingham
Total
132,600
2,259, 490
51,929,144
L_„
_
Florida—Jacksonville
+ 15.9
+
—
375,668,381
+
1.0
344,903,607
—
"
,
153 600
61,580
6pl
2$1,824,244
,
bank
We group the cities
clearings at this center having recorded an increase of 15.5%.
appears
1,646,681
6,869,000
68,353,759
South
Sixth
In the elaborate detailed
3.7
8.9
1,188,785
+11.6
Complete and exact details for the week covered by the foregoing
issue of next week.
990,975
6,302,000
74,843,511
1,333,147
—11.0
+
Total
Total all cities for week
+ 12.1
6,071,000
81,535,220
Richmond
+ 17.7
1,948,514,032
cities, one day
1,523,773,245
$8,288,996,814
Virginia—Huntington
Virginia—Norfolk
2.2
1,557,112,405
$9,742,570,158
cities, five days
Federal Reserve District—Richmond—
West
+19.5
$6,765,223,569
(7 cities)
Fifth
0.4
141,676,244
1
Other cities, five days
of
588,000,000
6.4
Ten cities,
are
744,000,000
'
5.0
+
Baltimore
it
+ 15.2
697,000,000
.
+ 16.6
252,609,000
Cleveland
:
605,000,000
2,679,001
Philadelphia
424,926
Cleveland
+ 15.2
Pittsburgh
in the
1,743,052
L
Columbus
7.8
321,537,992
San Francisco
are
1,688,824
467,693
,
Mansfield
St. Louis
we
+ 25.2
461,936
i
462,776,152
—
Kansas City
ends
1,549,968
1,940,025
Cincinnati
+ 26.2
Boston
t
838,774
+
Fourth Federal Reserve District—Cleveland-
$4,465,034,599
Philadelphia
our
668,794
18.3
725,567
Ohio—Canton
$5,636,585,751
New York.
in
+ 43.4
:
%
1944
1945
Week Ending May 5
Chicago
$
—29.5
-
848,352
Lancaster
Total
Clearings—Returns by Telegraph
1942
$
486,657
625,201
_
Chester
possible to obtain weekly clearings will
11.6% above those for the corresponding week last year.
be
1943
887,179
697,956
Bethlehem
,
indicate that for the week ended Saturday, May 5, clearings for all
cities of the United States from which it is
Dec. %
Third Federal Reserve District—Philadelphls
Pennsylvania—Altoona
based upon telegraphic advices from the chief cities
us,
Inc. or
$
$
week will show an increase compared with a year ago. Pre¬
liminary figures compiled by
1944
District
Seventh Federal
Reserve
District—Chicago-
Michigan—Ann Arbor
Rapids
Lansing
.
496,188
+ 37.2
145,423
1296,902
5,775,028
5,096,876
+ 13.3
4,728,045
3,477,838
Grand
—39.6
4,807,374
.^,4.209,808
5,762,250
680,872
.
3,427,8B3
'
Indiana—Fort Wayne
South
2,922,207
2,993,500
28,644,000
30,543,000
3,419,949
3,742,310
9,797,309
37,021,497
35,525,923
.
Indianapolis
Bend
_
Terre Haute
Wisconsin—Milwaukee
~
Iowa—Cedar Rapids
Des Moines
1,986,771
31,542,000
3,854,766
2,652,340
.
t>1
■
£9,645,000
+ 17.4
8,781,118
2,923, yb9
'57,411,054
4.2
35,730,373
-"<26,346,223
—
+
—14.4
2,320,815
18,935,972
6,882,428
3,133,541
6.2
8.6
—
8,346,806
18,256,991
~~
Sioux City
2.4
—
1,815,917
3.6
16,067,174
•*"^2,003,296
5.8
7,010,927
v;'* 6,176,672
—
1.611,3)5
.
i,District of 19.0% and the San Francisco Reserve District of 4.4%,;
700,139
+ 47.7
639,885
Chicago
544,162,260
463,252,062
+17.5
516,272,626
461,704,0)8
Decatur
gain of 5.9%, the Dallas Reserve
6,507,499
473,966
1,733,711
1,370,127
+ 26.5
1,946,347
1,358,6 29
Illinois—Bloomington.
—•ui—.——
+
437,8)8
-
Peoria.—
i
Keberve
cdt-iai
1st
$
2d
New
Districts
—12.8
1,473,713
+ 17.2
2,431,663
1,993,380
675,050,520
592,286,231
+ 14.0
647,911,661
</(fj?7>214,870
,,vJ
'
>:133,500,ty)0
Total
+ 14.2
6,840,844
:
1
(17 cities)
$
376,663,907
5,078,150,794
+14.9
5,402, 335,871
4,031,048,666
1.6
180,900,000
620,090,186
+15.3
765, 349,328
606,484,108
Kentucky—Louisville
72,399,027
65,528,975
+ 10.5
65,324,596
Tennessee—Memphis
Illinois—Quincy_.
41,758,044
39,403,354
+
3.4
43,283,823
1,109,249
4,580,000
—75.8
1,149,000
j \ 2.I,968,ljl7
^2,038,576
'
2,163,638
451, 231,367
"
12
$
1942
5,189,957
2,255,267
1,727,704
5.7
407,898,584
5,834,143,430
'
York
Dec. %
431,002,434
12 cities
Boston
1943
Inc. or
1,933,513
Springfield
1944
1945
Week Ended April 28—
5,928,303
Rockford
SUMMARY OF BANK CLEARINGS
+
10
"
714,573,284
4th Cleveland
7
"
670,834,089
620,619,799
+
8.1
628, 776,487
530,406,606
6th Richmond
6
"
285,533,582
274,481,390
+
4.0
272, 248,307
217,609,658
375,668,381
+
1.0
344, 903,607
261,824,244
675,050,520
592,286,231
+14.0
647, 911,661
297,766,320
289,212,329
+
3.0
290, 657,419
192,280,658
185,295,170
+
3.8
221, 847,727
152,653,218
179,700,000
+
212,111,937
7
182,500,000
597,214,870
4
Eighth Federal Reserve District—St. Louis—
Missouri—St. Louis
3d
Philadelphia
J». 16th Atlanta .Jji';j7th Chicago
17
Louis
8th St.
-I—
9th Minneapolis
10th
Kansas
'379,360,189
10
__i—
,
.
276,480,301
292,878,559
10
City
.
+
273 ,142,917
5.9
210,459,370
r
6
175,312,818
530,217,236
507,662,947
+.19.0
147,302,917
10
,11th Dallas
135, 247,764
92,772,513
4.4
503, 054,179
377,565,288
y-:\
Total
(4
■X
cities)
.
Oi-
t
' 297,766,320
289,212,329
Y
Total
t1
.+
10,478,953,119
9,375,149,029
+11.8
9,946,706,634
4,830,897,270
Outside New York City
111 cities
7,666,814,385
4,485,473,544
+
7.7
4,741,007,815
3,780,473,941
729,000
«d*+3
|—
<^212,111,987
290v657,419
^
4
fill
|j
Ninth
Federal
Reserve
3,906,120
3,645,331
+
7.2
133,720,715
Minneapolis
fit.
>U»5RA. ' '
District—Minneapolis—
Minnesota—Duluth
126,009,021
+
6.2
Paul
•13,443,783
46,030,632
North
Dakota—Fargo
3.047,214
2,775,134
South
Francisco
12th San
3.0
+
'M, 446,948
<JA29,435,9p9
■'•m
Dakota—Aberdeen
1,280,570
1,251,028
1,173,297
1,152,776
4,153,405
4,431,278
192,280,658
185,295,170
Montana—Billings
Helena
5.6
—
9.8
+
|j
3,933,088
101,362,268
•53,551,176
•
:
3,546,791
153,906,721
<"39,694,598
-
2,972,979
-
<0(3,734,179
4.8
140,618
5,304,007
803,ljl2
3,371,8p2
3.8
—
947,370
6.3
+
1,232,386
1.8
—
221,847,727
-*-4-
Total
We
now
ended
week
add
our
April 28 for four years:
$
Dec. %
$
176,967
167,583
Lincoln
282,784
3,974,389
3,688,533
Omaha
68,887,517
80,582,667
Hastings
1943
Inc. or
1944
$
Clearings at—
1942
$
„
218
252,653,:
3,097,494
3,285,252
372,955,125
Portland
352,507,198
962,983
Lowell
—
+
999,458
570,947
River—
56/7,463
+ 25.3
753,675
390,101
—
,712,365
5.3
3,644,161
4,167,593
5.8
396,244,001
323,888,666
+ 46.4
"
City
361,015
r
136,0)46
365,424
163,3198
4,161,061
3,442,5)2
—14.5
74,374,812
48,146,481
2,522,589
+ 38.4
2,998,263
2,130,927
+ 51.0
5,985,569
+ 14.2
178,130,253
4,343,654
146,359,6^73
t
5,223,410
+ 17.2
5,020,986
1,000,413
892,352
884,105
+ 13.2
1,138,147
776,460
+
14.9
765,703
292,878,559
Joseph
276,480,301
+
5.9
273,142,917
6,020,247
Colorado—Colorado
Springs
888,071
317,854
202,699
2.1
7.7
+
5,342,257
Pueblo
1,039,816
7.6
5.6
+
—
177,003,935
3,491,261
Missouri—Kansas
St.
288,762
8,068,023
Wichita
944,382
Massachusetts—Boston
,
202,082,606
Kansas—Topeka
Reserve District—Boston
Maine—Bangor
Fall
+
'■WCi
Nebraska—Fremont
Week Ended April 28
1945
/
-
First Federal
.
Tenth Federal Reserve District—Kansas City—
'
:
(7 cities)
detailed statement showing the figures for each city for the
,
4,132,5J)2
.
912,178
;
691,9^9
<,
4Total (10 Cities)
210,459,370
"
;
New Bedford
V Springfield
New
1,097,757
3,927,662
+
18.0
5,447,003
«vln aO
843,829
4,636,243
3,867,357
3,062,779
Worcester
Haven
New
+19.0
Island—Providence—„
Hampshire—Manchester
2,744,046
18,429,427
18,257,785
7,153,367
5,277,099
17,360,400
18,230,600
583,664
478,818
431,002,434
407,898,584
+ 11.6
2,627,865
2,515,762
0.9
15,903,237
17,523,240
+
+ 33.7
6,363,457
5,434,033
4.8
17,383,600
15,900,900
+ 21.9
595,153
561,076
5.7
451,231,367
Eleventh Federal
(12
cities)
i,
Fort
+
Second Federal Reserve District—New
York—
Elmira
Jamestown
27,948,374
—78.3
41,393,885
1,012,330
+ 33.6
1,939,606
1,377,908
Wichita
63,420,000
cities)
Federal
Reserve
50,900,000
1,323,479
—12.7
1,028,100
1,087,798
Utah—Salt
—27.8
1,256,430
1,207,543
California—Long Beach
15.5
5,205,698,819
3,886,340,444
1,527,913
4,889,675,485
Rochester
11,919,312
9,575,014
+ 24.5
9,936,092
9,908,926
6,177,842
5,941,931
+
4.0
6,342,671
6,240,451
Oregon—Portland
Lake
City
Northern New Jersey
Total
(12
7,920,347
7,000,454
cities)
414,311
357,273
32,575,110
Jersey—Montclair
Newark
5.8
*10,000,000
3,102,200
+ 13.7
2,904,137
1,528,374
+
20.1
1,075,931
«,
4,582,230
+ 22.5
6,235,217
147,302,917
+19.0
135,247,764
92,772,513
+13.2
93,517,716
^68,929,3&1
+
X
tmg.257.063
»H'^^2,625,000
.1,092,864
4,083,254
4.
District—San Francisco—
28,870,917
+
+
13.1
6,038,433
5,756,907
+ 16.0
339,782
517,383
12.8
28,428,928
100,624,530
2,658,007
88,899 138
77,551,,251
26,143,261
23,394, 916
1,885, 819
+40.9
1,471,330
0.3
85,907,514
* +11.8
28,360,212
—
41,097,306
53,080,355
•r
21(415,39(
5,073,807
8,752 ,212
3,664 559
297,129,000
292,550 ,000
San Jose
5,066,626
4,619 442
Santa Barbara-
2,533,348
2,162 ,402
+17.2
1,542,461
1,680,64J
Stockton
5,497,050
4,183 ,208
+31.4
3,759,037
3,023,425
Pasadena—
New
*15,000,000
1,835,336
5,612,005
77,340,919
Washington—Seattle
64,100,000
1,103,177
Connecticut—Stamford
;
v
—.—.
(6
8.5
+
5 ,648,055,849
Syracuse
"J .73,233,000
175,312,818
*'•;
Falls
Yakima
York
New
vrr 2,481,312
112,153,060
10,532,930
1,352,591
1,155,869
Buffalo
2,879,419
+ 20.5
7
6,066,528
74,210,000
Blnghamton
+ 25.5
3,527,000
Worth
Galveston
Twelfth
York—Albany
•
2,332,113
120,758,000
15,870,695
Dallas
376,663,907
—
;;uc
2,926,782
145,541,000
Texas—Austin
Total
New
if end"-}
Reserve District—Dallas—
Louisiana—Shreveport
Total
<
'
,
Connecticut—Hartford
Rhode
1,046,890
1,245,623
San
Francisco
8,150,688
12,118,203
6,595,05'
+38.5
3,784,535
:-3,525,304
+
1.6
209,039,000
215,168,00(
+
9.7-
3,554,171
—
6.9
3,050,444
26,429,221
+
43,192,494
36,497,624
+ 18.3
35,833,125
30,749,155
5,834,143,430
5,078,150,794
+ 14.9
5,402,335,871
4,031,048,666
Total
(10 cities)
Grand Total (111 cities).
Outside New York
530,217,236
507,662,947
503,054,179
377,565,288
10,478,953,119
9,375,149,029
+ 11.8
9,946,706,634
7,666,814,385
4,830,897,270
4,485,473,544
+
7.7
4,741,007,815
3,780,473,941
•Estimated
/
+
4.4
THE COMMERCIAL & FINANCIAL CHRONICLE
2034
Monday, May 7, 1945
Company and Issue—
Foreign Exchange Rates
Pursuant to the requirements of Section 522 of the
New
Tariff Act of 1930, the Federal Reserve Bank is
We
give below
CERTIFIED
RATES
FEDERAL
BY
in
Apr. 28
Apr. 27
$
J;
.251247*
States
Apr 30
.297733*
.251247*
v:
.'
May 1
.251247*
■■■'.
.251247*
3.228000
3.228000
?
Seven
3.228000
3.228000
.060602*
.060602*
.060602*
.060602*1^
.060602*
.051802*
.051802*
.051802*
.051802*
.051802*
.909090
.909090
.909000
,909090
.909090
.
.908125
.907500
.907734
.569800*
.569800*
Colombia, peso
+
Eleven Fifth
.907500
.569800*
4.035000
4.035000
4.035000
.301215
.201215
.301215
.201215
.301215
—
Free
Biscuit Co.
.205820
.205820
.205820
.205820
.205820
West
.909090
.909090
.909090
.909090
.909090
.905625
.905208
.905000
.905000
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
•
.
3.244203
Union of South Africa,
3.244203
3.980000
pound.
bonds,"
1
.
,
3(4%
debentures, due
of America,
3(4%
1883
—
1960
debs.,
1663
1664
,
...
,
Jun
due
1955—LJun
3.980000
■i
:||:|l VV.
$
3.980000
.658300*
Noncontrolled
.658300*
.542650*
,54?650*
1473
.658309*
.658300*
.658300*
.542650*
.542650*
and
Issue—
Date
American Bemberg Corp., 7% preferred stock.
Arthur Apartments (Chicago),-real estate bonds.—
,658300*
.542650*
ENTIRE ISSUES CALLED
'
Company
Uruguay, peso—
Controlled
Disinfecting Co., 1st mtge. & collat. 33/4S, due 1958_Jun
Inc., 1st mtge. 3% bonds, due 1958_Jun
Inc., $6 preferred stock—
-May 31
.905000
+
'
pound
leasehold
Wilson & Co.,
Wilson & Co.,
.905000
—
New Zealand,
mtge.
1st
—
Edison Co.,
United
.205820
;-3jr
Official
30
Jun
Toledo
4
.909090
Mexico, peso
Newfoundland, dollar—
Corp.,
1955
,
.301215
India (British), rupee
Jun
debentures, due 1952—.-——I—-——May 15
(Ohio), 4(4% conv preferred stock—May 17
Stokely-Van Camp, Inc.—
•
Stokely Brothers & Co., 3 (4% debentures, due 1958—Jun
Suntay Oil Corp., 3%% debentures due 1959
_Jun
*.569800*
.569800*
4.035000
1'
1961-Jun
preferred stock
Avenue, Inc.— ■/vy
St.
55th
1st mtge. 33/4S, ser. A, due
Simmons Co., 4%
Standard Oil Co.
.907500
.907500
.569800*
4.035000
East
due
.909090 <
4.035000
England, pound sterling
' v
1662
Canada, dollar—
Official
1775
1098
1
>.'•"•
1469
.051802*
Free
~Jun
leasehold
mtge.
Schehley Distillers Corp., 5%'/*
One
.060602*
1st
San Jose Water Works,
$
.297733*
'
*
4%
.251247*
May 3
May 2
$
.297733*
.251247*
;
*
Brazil, cruzeiro—
Official
Corp.,
.297733*
Money
$
.297733*
;
3.228000
3-228000
United
.v.V.-'.
$
.
.297733*
Australia, pound
Street
series A
lst mortgage 4'/a% bonds, due 1950————_Jun, '1 N
1
14 mortgage 4 W/t; bonds, series B, due 1950—Jun
1st mortgage 4 % 'k bonds, series C, due 1950_—Jun
.1
Public Service Co. of Colorado, 4% debs., due 1949
1
_Jun
Revere Copper & Brass, Inc., 1st mtge. 3 (4s, due I960— May 15
Buying Rate for Cable Transfers in New York
Value
peso-
55th
A.
__w—May 15
ser.
r
Inc., 1st mtge. 4V28,
,
Noon
Official
East
bonds,
—
Utilities.
Pag*
1
bonds, due 1955—$4.—y.—
—Jun
1
Oregon-Washington Water Service Co., 1st mtge. 5s,
series A, 'due ,1957^-^—^^--Jun. 29,
Phelps Dodge Corp., 3%'/* debentures, due 1952-L__i^._Jun 15
Pittsburgh Steel Co.-
'
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
Country and Monetary Unit
Argentina,
One
Co.^ 1st mtge. 3*/*%
-
Northwestern
1945 TO MAY 3, 1945, INCLUSIVE
APRIL 27,
1961
3(4% debs.;" due I860—_ Jun
,
record for the week just passed:
a
EXCHANGE
FOREIGN
England Power
due
cer¬
now
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
Date
,
National Dairy Products Corp.,
.542650*
July
Page
C
1 '
•
Jun
1
1537
Burns & Co.,
Ltd., 1st mtge. 5s, series A, due 1934—.July 1
Boston, Worcester & New York St. Ry., reorganization
mtge. bonds, due 1947—
May 15
•Nominal rate.
*
1875
—
Central
Illinois
Electric
&
Gas
Co.—
1st
Statement of Condition of the 12 Federal
fill
Reserve Banks Combined
t
ands
of
dollars)
Increase (4-) or Decrease
(_-) Since
May 2,
certificates
on
Apr. 25,
1945
1944
hand and
17,533,360
due from U. S. Treasury
Redemption fund—F. R. notesOther cash
—
250,056
a
—
18,457,386
Total reserves
Discounts and advances
10,172
—
A
—1,026,167
+
506
millions
483,998
+
—
7,465
;
W
'"'.
V
v;.•
.
.
|
'
Certificates-,;
—104,033
5,385,711
Notes
+ 147,700
2,371,771
+
175,914
—
1,116,492
u
5,323,009
+
987,850
Bonds
—
9",000
—
332,275
Total loans and securities—
Due from
foreign banks
+
21,051,984
+
34,667
95,893
116
—
F. R. notes of other banks
+
34,221
Other assets
1,925
+
+
1,869,408
Bank premises
10,038
+
55,213
—
Total assets
601
41,559,764
23,392
217,269
"+:■
44
—
5,971
—
+100,533
662
+6,870,965
|' Apr. 25,
1945
$v
1
industrial,
and
Liabilities-
+125,692'
+4,598,954
or
and
dealers
carrying;
for
-
.
Member bank—reserve acct._
14,891,630 $
U. S. Treasurer—gen. acct—
423,165
Other
Total
deposits^
—
+
16,885,705
Deferred availability Items
Other
—
1,515,147
liabs,, incl. accrd. divs—
Total liabilities
+183,671
+228,115
1,158,994
411,916
+
10,767
+2,201,283
':••-+
8,902
194,259
—
17,109
54,270
+
36,237
+1,993,520
9,408
+
446
+
—
456,292
203,573
1,449
.
+
U. S. Government obligations,
98,417
+6,797,496
'
94,055
Total liabilities & cap. accts._
Ratio of total res. to deposit &
+
make
10,669
+
+
22,544
+100,533
+6,870,965
—
indus-
.1%
—
—
344
2,557
—
The condition statement of
weekly
banks of the Federal Reserve
week
ended
April
of
reporting member
System in 101 leading
principal changes for the
following
United
25:
Decreases
States
of
$289,000,000
Government
in
1
obligations,
+619,000,000 in United States Government
deoosits, and
$227,000,000 in deposits credited to domestic
banks, and
in
increase of $496,000,000 in
United
States
Government
or carry¬
increased
declined
$20,000,000.
indebtedness declined
$212,000,000 and $125,000,000,
respectively, and holdings of United States Government
"
ends
increased
768
20
—
131
+ 126
+
due
Cities
due
1966-.
Light,
_„_-__.__Jun
Power
Traction
&
1
1962
Co.,
+
17
+
1
1st
-July"
—
1540
1
3 >4 % debs., due 1951—-Jun
preferred stock
—July
conv.
1
1540
1
1
984
1
1541 '
1771
1879
:
1426
:
Houston Elec,
1880
'
Treasury bills
Treasury certificates of indebtedness
15
+
1
Co.,
1st & ref. mtge. 5s,
due
A.
ser.
1950.May 16
10,973
—125
7,388
+
318
'
+
4,591
4
+
1,241
>
+
13
+
29
+
+
4,575
29
+
1st
ref.
4%
mtge.
bonds,
due
B, U,
1
Power Co.,
1832
1
1319
v;
:
July
—
1st mtge, 5s due 1955,
*
May 25
and D—_
mtge. bonds, 3(4 % series, due 1961 and
1 st mtge. 2(4% serial bonds, due 1946-1950—
134
+496
Co.,
1
cumul. conv. pfd. stk._Jun'
1st
35
—
2,121
,
1544
Montana-Dakota Utilities Co.—
206
+
Pacific
Lower St. Lawrence
329
—
19
76
$6 cumul. & partic. preferred stock, ser. A.Jun
Angeles
series A,
1
——July. 1
1950
229
+
+
594
;
Los
2,013
9
—
9,933
Balances with domestic banks
+
1950'
Lehigh Portland Cement Co., 4%
-"*-1,484
.
—
3,073
V
■„
102
61
—
22,678
due
Texas, 4(4% debentures, due 1954.<i_July
Southern Ry., ref. & improv. mtge. 5s,
City
Kendall Co.,
5
+
}
Kansas
38
H*
—r212
-notes—4^^++^+^+^-^^^++^+;
66
—
+
1,497
—
268
+
—
1,299
Cash in vault
.ft
*
15-year 3% debentures, due 1958_May 15
Machinery Corp., 3% debentures, due 1956—May 31
General Tire & Rubber Co., 4(4% cumul. pfd. stock-—May 21
Georgia Power & Light Co., $6 preferred stock——
§
128
87
.Other securities—
1876
•
1
Flintkote Co.,
368
29
—
-1,040
;
1,732
New
New
York
y 18
1774
May 18
1774
York,
Chicago & St. Louis RR.—
Toledo, St. Louis & West. RR.; 1st.mtge. 4s, due 1950_Oct
Liabilities—
1
313
Light Co., 1st mtge. 33/4S, due l964_May 18
1775
1
Demand
Time
deposits-adjusted
39,039
8,269
U. 8. Government
+
Northern Pennsylvania Power Co.—
1st and ref. mortgage 5s, sesries
A,
'
deposits^
'—1,055
—619
6,730
Interbank deposits:
-■
Ohio Edison
'
Domestic banks
—227
8,923
deposit
and
U.
S.
accounts
Gov't
+
15
+
+
118
+
1st mtge.,
Pacific Gas & Electric Co.,
due 1964 „—:
90
452
demand
Co.,
+ 1,020
972
Borrowings
to
Power &
'
deposits
343
except
-'V-v-■'
due 1956—
3%s, due 1972.
accounts,
13,331
Pere
Marquette
Notices
RR.,
&
Savannah
*
1775
1st & ref. mtge. 4s, series G,
—_Jun
1
1547
sinking
Jun
1
bonds, series A, due 1956—
May 11
1247
bonds, series B,
May 11
1247
May 11
1247
1st mortgage 4V2%
Portland
■I;
1
Ry.—
1st mortgage 5%
1st mortgage 4%
Redemption Galls and Sinking Fund
Jun
———-May 14
Pennsylvania Glass Sand Corp., 1st mtge. 3 V2 %
fund bonds, due I960—
_-2.
during week
due
1956
1st consol.
mtge. 3V2S, due
preferred stock.
Gamble, 5%
Electric
^
bonds, series C, due 1980
&
Power
1st &
Below will be found
and
stocks
called
for
$61,000,000, all largely in New
York
redemption,
1951
Jun
1
212
15
July
1247
Co.—
South
*«•-.
American
Port
Corp., common
Concessions Corp.,
International Paper Co.,
mtge. bonds dated 1908—Jun
PARTIAL
Sinking fund 3%%
Sinking fund 3%%
American
due
Writing
-.L
Co.,
Collins & Aikman Corp.,
Dallas
gen.
1st mtge.
—
1
607
Jun
———
1
603
presentation.
1762
,
Auction Sales
*
1882
1
Transacted
by
Barnes
&
Lofland,
Philadelphia
on
PerShare
Page
1873
20
American
Commonwealths
1873
10
American
Superpower
__May 21-
Shares
1873
V;
July
1
1
-
20
5
1763
Poquessing
Mechanics
"
•
—May 10
667
1093
6
1654
—May
-
—
$5,000
6%
$1,000
July
1
National
Per Lot
common..
$3 lot
$10 lot
common
s.
1923-5
gage
capital
Bank,
J
Continental
?
—
or
-"A"
Power
Corp.,
Realty "Co.,
'
:
.
stock——May 10
STOCKS
'
bonds,
Tramway Corp., gen. & ref. mtge. bonds, ser. A,
1950
1951
§Upon
Date
■
3V2S, due 1967-Jun
conv.; preferred
due
issue.
May 21
convertible preferred stock
Corp., 5%
1810
July
Co.—
May 21-
mtge.
Park-Apartments, 1st mtge. bonds
Denver
due
6%
1887
Wednesday, May 2:
debentures, series due 19.50
debentures, series due 1960
debentures, series due 19.70
Paper
bonds, due 1957
4s,
this
in
1763
;
REDEMPTION
1961
Collins & Aikman
mortgage
Announcement
1887
May 14
preferred stock
6%
1887
1
Co.—
mtge. 5%
Consolidated
& Electric Co.—
Sinking fund 2%%
ref.
1st & ref. mtge. 4s, ser. A & B.May 31
Kanawha Bridge & Term. Co.,
American Gas
Power
1952—July
Page
General
stock_,
+
__Jun 30
8% gold debentures—May 16
Chesaspeake Paperboard Co., 1st mtge, 6s, due 1'946—May 14
Asuncion
bonds, series D, due 1947—May 26 r
bonds, series F, due 1955—May 26
gold
1st consol. mtge. 5s, due
Washington Ry. & Electric
*
Date
5%
Acceptance Corp.,
Carolina
1st lien &
I
TENDER
OF
mtge.,
Securities
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
NOTICES
mtge., 4gold
ref.
Savannah Electric Co.;
including those called under sinking fund provisions.
The date indicates the redemption or last date forimak-
Company and Issue—
ref.
1st &
list of corporate bonds, notes,
a
common
Cincinnati Gas & Electric Co.,
Holdings of Treasury bills and Treasury certificates
cf
*1
--July
Coast
Public
Service
Co.,
1st
lien
collat.
4%
bonds, series A, due 1948
Jun
Eastern Oregon Light & Power Co., ref. and first collat.
mtge. 5% bonds, series B
J.
..July
5,994
—
Company and Issue—
purchasing
obligations
$119,000,000 in New York City and
$126,000,000 at all
importing member banks.
Commercial, industrial and
agricultural loans
-
East
+
+
353
Other loans
demand deposits adjusted.,
Loans to brokers and dealers for
ing
1876
bonds,
•
Houston Oil Co. of
:
,_i
12.5 %
Condition Statement of Member Banks
holdings
1
divisional 4'/c
Pacific
DiGiorgio Fruit Corp., 7%
75
+
623
1
—
Loans to banks
preferred
the
1653
1876
i
3,237
shows
1
i
bonds,
'
July
City &
——...
series G,
5s
Procter
46.7%
July
4%
Burlington,
due
Spruce
bond
J.*
N.
33
BONDS
Properties Corp.,
f.
$2 lot
12-1-1932
St.
and
lien
gen.
collateral
^
1524-6
trust
3%
—
Latimer
St.,
1st
mort-
*
_—
/'$'//
,,
16%%
1540
'
Evangelical Mission Covenant Church of America—
1st mortgage serial bonds dated 1941
Demand deposits
adjusted increased in most
districts,
principal increases being $228,000,000 in New York
City and $155,000,000 in the
Chicago District; the total
r crease at all
reporting member banks was $496,000,000.
1
me
deposits
increased
$29,000,000.
United
States
Government deposits declined in all
districts.
Deposits credited to domestic banks declined
Iowa Electric
Iowa
1st mtge. 33/4s,
mtge. 4s,
ser.
Co., 1st mtge. 33/4S,
Transacted by R. L. Day & Co., Boston on
May 15
A, due 1961—Jun
1
*
—May 26
1882
20
Naumkeag'Trust Company, Salem
9
1773
50
Bostonian
50
1
989
United States Trust Co.,
due 1969-
bonds
&
July
—
*
Per Share
Shares
1-5
Le Tourneau
<R.
G.), Inc., preferred stock—
Nashville
(Monon
Minnesota Transfer Ry.,
dated June
1, 1936
1st
&
due
N.-Southern
4
%
joint
—July
1952,.
mtge. 3zk%
-
s
coupon
22
1
1429
50
v
Mfg.
.
($10 ,par)__
or Per
$3,000 lot
common,
Securities,
Co.
($5
Bostoh
($10 par)—_
I8V2
Common..50c lot
pari;
175
Wm.
Cramp
&
Engine Building Co. .($100 par)
Boston
Athenaeum
Hunter
Arms
Co.,
($300
Inc.,
Lot
—18 '/8
Co..__.
Electric
Ship
STOCKS ;
*;
Cramp Shipbuilding
Sons
1
bonds
Jun
-
1,
r
Suburban
.—.May 31
.
RR.—L.
collateral),
Wednesday,
May 2:
1
—
mortgage
1094
due 1965__Jun
Kentucky Utilities Co., 4Va% bonds, due 1955,
May
Lehigh Coal & Navigation Co., 4% fund. & improve,
bonds
nearly
Co., 1st & ref.
Public Service
Louisville
in
all districts the
principal decreases being $99,000,000 in
Fort Street Union Depot Co.,
'
1876
-
——July
divisional
Valley
—
Consolidated Oil Corp.,
+
trial loans
cities
lien
200
2,032
Plaines
Sioux
Consolidated
40,056
—
+
41,559,764
F. R. note liabilities combined
to
'
+
27,165
Other capital accounts
Commitments
84
+
228,153
Surplus (Section 13b)
1969
1969
bonds,
—233
747
Real estate loans
Interbank
167,706
Surplus (Section 7)„
Des
1st. mtge,
due
'$
1,044
Other securities
Other securities
1876
—May 14
notes, due 1954—
4s, series A, due 1989
mtge.
gen.
mtge.
due
)
-
Other loans for purchasing or carrying:
U. 8. Government obligations
Debits
Capital Accounts—
Capital paid in.
1st
.•
Foreign banks
41,042,685
1
h,
—
Food
/
pur¬
i
Reserve with Federal Reserve Banks
Foreign
9
3V2S,
15-year collateral 4%
1st &
-V 1944
1945
V
5,938
brokers
to
Obligations guaranteed by U. S. Government
22,631,066
Deposits:
—
1st .mtge.
,
agricultural
loans
Treasury
1966—
Jun
—Jun
——
Corp.,
...
Commercial,
Loans
due
Service
Century-Parkway, gen. mtge. 6s, due 1956—i—May 10
Chicago & North Western Ry.— '
'
- .
,
Apr. 26,
*
•
11,131
U. S. bonds
federal Reserve notes-
Apr. 18,
57,058
20
—
91,436
Uncollected items.
7,663,124
+
•.■
Loans and investments—total
7,186,591
+
$
B,
Public
City Light & Traction Co., 1st mtge. bonds, due 1952.—Jun
Connecticut Light & Power Co., 1st & ref. mtge. 3 (4%
Loans—total
Total U. S. Govt, securities
20,478,583
.
Vermont
series
dollars)
-I' V'r-
"y
chasing
(incl. guar, sec.)—
of
V '■
'v
I-. Vl
'
•
.
Assets—
i
'-
0.8. Govt, securities:
12,988,530
-
Central
Decrease (—) Bines
IV".
.
Bills
the
Increase (+) or
60,720
+
(In
23,630
7,880
in
of the assets and liabilities of reporting
banks follows:
I
"
359,528
+
—
4,420
$29,000,000
mortgage 334s, due 1964
3(4% and 4% serial debentures....
summary
member
6,052
568,981
Industrial loans
City,
,
—1,362,065
12,000
+
673,970
.
York
Chicago District,
$23,000,000 in the Atlanta District, and $22,000,000 in
the Cleveland District; the total decrease at all
reporting
member banks was $227,000,000.
Borrowings of weekly reporting member banks in¬
creased $118,000,000 during the week and on April 25
amounted to $452,000,000.
May 3,
1945
Assets-
Gold
New
par).^
Fulton,
——
N.
Y.,
common..;
$200 lot
.
410
2 lot
Volume
Dividends
General
*
Wire
Acme
Co
Product^
(quar.i
preferred (quar.)
Amalgamated Electric Corp.,
Automobile
+30c
6-1
20c
6-15
6- 1
stock
B
5-20
5-10
$1.50
(accum.)
$2.75 c.ass Appt. div. series of 1936
class
of
Payable
or
stock:
B
*7- 2
Products
3c
20c
(monthly).
Corp.
6- 1
5-10
6-15
6-15
7- 2
6-21
Co.
___________—__
_
American Rolling
1st
pfd. (s-a)__
3774c
6-20
75c
6-11
__________
37'/2c
75c
6-15
6-.1
———————
75c
6-11
15c
$1
5-31
6-1
6- 1
5-15
25c
15c
6- 1
5-18,
30c
6- 1
Atlas
Co.
Powder
Atlas Tack
Baltimore
6%
preferred
(quar.).
—
Bankers & Shippers Insurance Co. of N.
Co.
Barber
(W.
Barcalo
Manufacturing
class
$1.20
(quar.)——
Co.
(quar.),———
A
7%
preferred
Co..
Blaw-Knox
Woven
Boston
Mills
Inc.
Ltd.
Ltd.
(initial
common
preferred
5Vo
M.) Co
Cotton
(A.
Byers
5-
9
$3.67
6-
1
;
Wines
J
5-15
6- 1
6- 1
6-15
5-15
5-18
M
Meteor
Macmillan
3aA'/t
Mead
Corp.,
$6
_!'/■: 75c
6- 1
5-15
National
40c
40c
6- 1
5-18
5-18
(quar.)
(quar.)
—
—
Chrysler Corporation
Baking Co., 7% preferied <quar.)__,__
Clark Equipment Co., common——;—.—
5'/r
preferred (quar.).——.
....
Cleveland & Pittsburgh RR. Co.—
77)
preferred regular gtd. (quar.)
Special guaranteed (quar.) ______________
Clinchfield Coal Corp
City
conv.
Class A
25c
—
Consolidated Biscuit
Consolidated Steel
Co.
Corp.,
Continental Commercial
See Swift.
(quar.)...—15c
Ltd. (special)—.
$1
Corp.—
'
-
prior
6'<£
preferred
common—(quar.)——
—
Works—
(quar.)—___.——
preferred
.
6- 1
5-16
6-1
6-29
6-29
5-15
6rl4
6-14
v
25c
75c
& Seal Co.,
Cork
$1.50
7- 2
6-22
Inc.—
,
56 Vic
6-15
5-31*"
$1.75
$2.25 preferred (quar.)
__
& Forster Insurance Shares Corp.—
5-31
5-15
Crum
preferred
(quar.)—
—
Curtis Publishing Co., $4 prior pfd. (quar.)
Cushman's Sons, Inc., 1%
preferred (quar.i
77r
Dome
Malting Co., 51'fc
Dow
Drug
Co..
Co.
Dracket
_v
Duplan
—:
—...
Corp.
sh. for each 50 held)
Durham Hosiery Mills, 6"r
pfd. A (quart—
Eaton
Manufacturing Co.
(quar.)
Stock dividend
(one
1r/t
1st
6c/r
2nd
Employers
preferred!(s-a).
preferred (s-a)
Federal
<M.
Flint kote
r._.
$25c
—.
5c
5-24
Corp.,
Co.,
Co.
H.)
Ford Motor Co.
Class
Fort
6%
Inc.
(quar.i
—"
B___
Pitt
5-18
6-29
of Canada, Ltd., class A—
(quar.)
(quar.)—
preferred (s-a)
Light & Traction Co., $6 pfd. (quar.)
Brewing
Fishman
6- 1
7-14
7-14
5-15
6- 1
Brewing
Co
■
6-29
4-30
5-15
4-27
9-17
5-15
5-15
5-28
5r£6
5-26
5-10
5-15
Solar
25c
5-12' *
Solar
5
Common
6-28
6-
1
55c
conv.
6-
1
6-
2
6-
1
5-15
■
5-15
6-
6-12
Extra
66-
5-15
6-
5-15
6-
5-12
5-15
Standard
7-
6-15
Standard Oil Co.
7-
6-15
7-
6-15
Standard
7-
6-15
Sterling Drug,
6-
1
25c
6-
9
5-25
6-
1
5-19
6-
1
5-19
6-
1
5-19
6-
1
5-15
6-
Alcohol
1
5-15
5-15
$$.50
5-15
4-26
25c
6-11
5-14
1
5-15
50c
5-11
5-
20c
6-
8
5-8*
$1.06
6-
I
55-
1
Industry
Series
(irregular)—
B
5-15
4-30
5-15
4-30
1
5-18
25c
6-15
5-31
5-
Van
Vick
6 74
1
3774 c
5-10
4-27
5-22
5-11
5-22,
6-11
5-25
5-
10c
5
10c
5-25
5-
5
7c
5-25
5-
5
Series
7c
5-25
5-
5
5-25
5-
5
20c
Series
5-25
5-
Lithograph Cc.—
preferred
——
Co
Knitting
5-25
5-5
5C
5-25
5-
5
5-25
5-
5
Series——
Investment Fun.d-^———_
6c
5-25
5-
5
18c
5-25
5-
5
5c
5-25
5-
_________
(quar.)—_—
Virginia Electric & Power Co. $5 pfd. (quar.)
Washington Railway & Electric Co.________
Waukesha Motor Co. (quar.)—«—_____
Wendigo Gold Mines, Ltd
—.——
Co.
Chemical
6c
_
Industry
$1
preferred
conv.
5-
5
5-25
55-
Extra
Railroad
Williams
75c
(J.
Co.
B.)
574
Governor Co.
6 74
W.)
IF.
Woolworth
pref.
reg.
(s-a)_
5-
5
5-
5
5-
5
Extra
Tobacco
—
Industry
Series.
!
——
$$2.50
—________
25c
6- 6
5-21
3%
6- 7
,5- 4
pfd
5-15
ll-$5
6c
5-
5
dends
5-25
5-
5
5-25
5-
5
—
weeks and not yet
5-25
5-25
55-
55-
5
10c
5-25
5-
5
5-25
5-
5
5-25
5-
5
week, these being given
in the
preceding table.
5
5-25
give the dividends announced in previous
paid.
The list does not include divi¬
announced this
5
5-25
Below we
5
5-25
5c
!
(quar.)
25c
$25c
$$2.50
& Co., Ltd.—
5-25
7c
Series_r—
Industry Series
—
7- 2
6-30
12-30
6 74 non-cum.
preferred
non-cum
'1
5- .1
5-15
5- 6
5- 5
6- 1
______
——_
Winnipeg Electric Co.
Woodward
_
5-15
5-15
(quar.)
common
(quar.)_____
Ltd.
.©"I
'
25c
(quar.)__
(quar.)_________
preferred
Wilsil,
.
5-10
5-15
5-25
5c
———
Industry
5-31
6-15
6- 1
6-1
5-25
—
Series
Equip.
5-15
6-20 1
5-31
7- 2
5- 1
•
Manufacturing Co. (irreg.)
9c
9c
Series
!-——•
—
$9
25c
$17'5C
5
10c
;
Railroad
$1.25
5-28
35c
75c
(George), Ltd.
Chloiine Products Corp.
Weston
Westvaco
Wilkes-Barre Lace
10c
Series-.:
Industry
5-16
6- 1
5-15
6- 1
8c
—_—-—_
Extra
p-15
6- 1
5
5-25
—
Utility
4-30
^4-30
4-30
,
25c
4 7474 pfd. (quar.i___ $$1.12,/2
4c
___i—
Industry
5-31
5-15
5-21
5-21
5-15
5-15
5-18
6- 1
6-15
6- 1 ,
6-23 >
6-23
6- 1 *
7- 2
8- 7
40c
50c
(quar.)___:
10c
*.
Extra
Steel
5-25
7c
—
Series—.!
Public
5
—
Series
Extra
Oil
5
5-
2c
—
—_______
Machinery Industry Series—
Metal
5-
5-25
——
-——
Industry Series—.
Stock Series
Insurance
5-25
8c
10c
(initial 1
5c
8c
Speculative Shai-es
Equip. Industry Series———
Extra
5-18
5-12
6- 1
6274c
Weptworth' Manufacturing Co.—
5
Series
Merchandising
6- 5
6-15
5-15
5-15
5-15
$1
—
Inc.—
Co..
Raalte
5
—
—
____________—
Extra
4-15
.
lie
Food
5-15
5-15
2c
30c
10c
(s-a)
•
conv.
Utica
4-23
Buildipg Supply Industry
Diversified
5-18
5-28
6- 1
U. S. Printing &
Series__—_—
Business Equip. Industry Series
Stock
Bank
274 74
2274c
——-
(Philadelphia)
Loan Society
S.
6-
$1.50
.
Series
preferred (s-a)—
Inc.—
6-15
Electric Light & Power Shares,
15c
________—
■———_—
Aviation
45c conv.
Casualty,
S.
U.
$1.50
Industry
-
S.
U.
Extra
(quar.)———-
5-10
5-15
5-15
5- 5
5-15
5- 7
5- 4
5-25
5-21
5-15
Inc.
Bro3.
U.
3c
1
Corp
Silica
5-25
6- 5
6-11
6-12
6-12,
5-15
6-1
8*
5-10
Corp.—
Industry
Dist.
&
Extra
,
—
Bonus—
9
—
Js-a >
8-1
(quar.)75c
4-28
5-23
$1
25c
50c
75c.
10c
(quar.)_____—
(s-a) _______ ;
(New Jersey)
—
50c
——
Automobile
3674c
■
6-15
iquar.i
7-20
6-20
5-28
7-16
,7-16
8-15
7-16
6-12
8- 1
(initial)________—50c
Struthers Wells Corp. $1.25 pfd.
(quar.)
3174c
Sun
Oil Co, (quar.)______
__________
25c
Superior Tool & Die Co.
—
_______
5c
Swift International Co,, Ltd.
(quar.) ______
50c
Talon, Inc. 474 preferred (s-a)—_____—_
20c
Timken Roller Bearing Co.______——__
50c
Tivoli Brewing Co. (s-a)
______
15c
Troy & Greenbush RR. Association (s-a)__
$1.75
Union Tank Car Co.
(quar.)
50c
United Aircraft Products, Inc. com. (quar.)
25c
5 74 74 conv. preferred (quar.)
2774c
United Molasses Co., Ltd. lord, reg.)
(final)
1574
5-18
55c
(Indiana)
Oil Co.
Extra
$1
6-
$20c
$$1.50
50c
$1.25
$1.06 74
;
6-
$81 Vac
(quar.)_
Quarterly
t$l
—
8- 1
...
(quar.)—___——
(Detroit—
$4.25 preferred B
6-1
,
Standard Accident Insurance Co.
25c
(quar.)— _——
■_
preferred
partic.
6-12
8-15
;
Squibb (E. R.) & Sons (common (quar.)__-—
$5 preferred A (quar.)
—,
5-18
8
Ltd.—•
Power Co,,
(quar.—_____
Common
674
1
preferred A
Canada
Southern
$1.07
Cp.__________
quar.)_——_—15c
(quar.)______
13%c
(increased
5-11
5-1
6- 1
7-10
f
Corp.—
5-
cum.
-
.
Co._/
8
5-
—
ctfs..—:
Corp
Aircraft
Manufacturing
Stern
Industry Series—
Agricultural
O.)
(A.
Smith
$1.25
Participating stock (s-a)
York Stocks, Inc.—
Diversified
6-2
5-
5-25
5-15
$1.75
_____
New
Electric
4-27
5- 8
2
6-15
_25c
7c
Light Co.
(ordinary reg.) (final)
Sivyer Steel Castings Co
& Broadway Bldg. Co. partic.
Sixth
10c
stock
5-10
7-13
5-11
5-25
5
4-17
$1.50
(quar.)
common
Shipbuilding
5-10
5- 1
10-1
6- 1
6- 1
6-11
6-16
6-16
...
Fajardo Sugar Co. of Porto Rico
Fall River Gas Works Co
Falstaff
York
Founders
5-15
8- 1
5-18
5- 1
6-18
Singer Mfg. Co., Ltd.
5-
1
___________—
Gas
Britain
New
5-15
25c
70c
....——
Corp.
New
5-1
5-21
75c
5- 4
5-14
6-1
5-15
6-11 \r 6-1
6-15
5-31
5-15
5-
$1
Bedford Storage Warehouse
6-1
6- 1
60c
40c
50c
45c
3c
$1.50
15c
15c
J25c
Reinsurance
New
6- 8
5-15
6-30
6-30
25c
Elgin .National Watch Co._
:——..._
Ely & Walker Dry Goods, common (quar.)—
5-23
5-25
25c
50c
15c
1
5-15
___—.___——
Inc.
Bros.,
5c
30c
2'k
$1.50
———
Extra
Neisner
12',4c
r—
—
...
574
25c
6-
$1
(quar.)—.
Co.
Tea
Chemical
—1.—
6-8
5-31
6- 1
—_———
—
$1.50
Co., common (quar.)
(quar.)—,—__r—
5'/2%. pfd. (accum.)_
stock
Preferred
$50c
15c
preferred (quar.)
(accum.)..—..
preferred
6-11
Co.
25c
Corp.,
stock
Common
7- 1
6- 1
7-30
8- 1
Dominion-Scottish Investments, Ltd.—
7- 3
6-30
25c
National Securities Series—
75c
$1.75
$30c
$$1.25
(quar,).—_—i.—
Mines, Ltd.
Dominion
5't
.
$25c
(quar.)_____—
Ltd. (quar.)
Breweries,
Simmons
$1.50
Cylinder Gas
Pumps
$$1.75
—
preferred
774
5-10
—
—
iquar.i—
preferred
National
6-23
6- 1
com. (quar.)
(quar.)_____—_._^—__ —
(quar.)_
Co.
Acme
National
& Knowles Loom
Crompton
Crown
6- 1
,
(quar.) ———43%c
preferred
Cooper-Bessemer Corp.,
$3
National
—____
1
5-
$1.50
Co. (irregular)
Nanaimo-Duncan Utilities, Ltd.-—
Mills
8- 1
$1.37 74
Fuel Supply
preferred
6- 1
6-11
$15c
partipating freference (quar.)_
(R. B,), Inc. (quar.)__—
(Canada), com. (interim)
474
.
25c
& Machine
Drill
Twist
Mountain
Internacional.
Swift
Compania
Morse
tlOc
15c
Sherwin-Williams
20c
—
(quar.i—
Co., l.td.__
(Robert)
Selmer
4-26
15c
Co.,
Utilities
preferred
5'4
9
6-11
_____
preferred B (quar.)—
preferred C (quar.).,
preferred D (quar.)__—
Mitchell
5-
2
4-26
4 2 74c
preferred (quar.)
______________
Minneapolis-Honeywell Regulator, common—
Missouri
1
7-
6-11
$4
4 '/t
9
93 %C
:
5-10
5-15
Second Canadian International
5-
25c
preferred (quar.)
preferred series 1940 (.quar.)--—
674 junior preferred (quar.)
774
preferred (quar.)
—_
Midwest Rubber Reclaiming Co.—
474
$5
—________
1
t4c
Co,__—————
47474
&
Co
r
6-
74 c
6",
V/4%
-
—
—
B
Class
77'c
—
-
5-10
6-
35c
674
...
preferred (quar.)
Columbia Broadcasting System, Inc.—
$3
5-21
20c
(s-a)
Service Co.,
Michigan Public
674 74,
Colorado Milling & Elevator Co.—
,
774 c
$1.50
Co., com. (initial) —
(initial quar._r>--
common
Nashawena
Co.
6-11
6- 1
Rutland & Whitehall RR.
Sicks
Motor Car—
5-10
5-10
5- 5
Corporation
Co. (quar.
75c
preferred (accum.) _____
$1.25
Investment Co.—
1
$$4
(quar.)—V--~^—■<
(quar.)—
preferred B (quar.)
preferred A (quar.)___
6-1
i 6r 1
5-15
Charis
r.
:*6-25
5- 1
5-
$1.25
Publishing
McGraw-Hill
87 74 c
50c
—
5-15
7- 1
5-15
5-15
Co.
5- 5
$2.25
$1.05
1
Gas
4-10
6- 1
5-
87 74c
Mines, Ltd
(quar.)
x
Co.
preferred
5-19
5-ls»
4-30
5- 8
5-1
5-19
4-25
5-28
5-28
Chilton
Co.
common
Shirt
Manhattan
6-20
6- 5
6-25
5-1
5-15
5-15
50c
(quar.)
Lake Gold
Red
6-29 1
25c
774c
50c
$25c
preferred
$5
Madsen
5-15
5-31
6- 1
9- 1
6- 1
,
Roxy Theatre, Inc. $1.50 pfd. (quar.)______
Russell-Miller Milling 4 74% pfd. (s-a)_-___
$$1.75
__—
Consolidated
Co.,
6-20
5-22
6- 1
6-15
6-15
9-15
5-15
37 74c
5-15
Roebuck
6-20
6-1
.
5-15
Sears,
5-15
5-15
,
7-16
7-16
3774c
—
pfd. (quar.)__
5-31
Seattle
Ltd. (quar.)______
(N. Y.)—
M
&
6-15
6-15
5-10
5-15
5-11
6-14
5- 1
6-15
6-15
._—
Motors, Inc.-—
5-25
Milling Co., L|,d.—
$5.50
_
Republic Drill & Tool Co. 55c
Risdon Manufacturing
(C.
&
6- 1
(accum.i..!
Reo
5-19
1
$2
.
3774c
15c
—
Electric
$30c
■
Inc.__„____
Champagne,
&
(quar.)
$1.50
$1.50
25c
15c
20c
75c
$1.75
75c
$1.25
preferred
5-19
5-30
5-18
-
6- 1
6- 1
$$1.50
$75c
.
(quar.)
10c
W.) & Co., Ltd.-rpreferred <accum.)__.4
Loblaw Groceterias Co.
Inc. <quar.)_—r_—
Lunkenheimer Co., common
(irregular)
Luther Manufacturing Co. 1 quar.)._________
.
$6
5-30
——
5-15
»
.
.}.«!»
(irreg.l
& Engineering Co.__
Corp.
Regina
t
40c
25c
3774c
15c
67474
$1.25
25c
Chambersburg Engineering Co
Reliance
5c
May Department Stores
.
4-30
,
______—
(quar.)—.
the Woods
Lake of
4-18
4-18
(accum.)
4-30
5-15
$1.50
(quar.)
Rapid Electrotype Co. common
Common (quar.)
____—
5-23.
5-11*
5-11*
-
6- 1
$1.3774
______
______
5c
5- 1
5- 1
preferred
$1.3 7 74
50c
(quar.)
Co.
Heater
Kysor
5-8
(quar.)..—__________
Central Illinois Public Service Co.—
(quar.)
Food Company
10c
_____________
preferred
60c
6- 1
;_
74
40c
Koering Company
—25c
...
674
12 74c
$1.50
$1.75
S'ic
1
6-15
5-15
$7
9-
2
5-31
(quar.)
9-10
7-
6-15
6-28
preferred
preferred
$1.62 74
674
6-21
5-18
5- 5
5-24
5-10
! • 5-19
'
6- 1
$1.50
__
,
•
$2.50
Ltd. (quar.)
—.
,
$50c
Canadian Malartic Gold Mines, Ltd. (s-ai—
$2c
Caterpillar Tractor Co. (quar.)—50c
Central Arizona Light & Power Co,—
$6
(accum.)
Co.—
preferred ,(quar.)
preferred (quar.i-—
—
Corpi of Canada, Ltd.—
1st preferred (quar.)
—___—_—
non-cum. partic. preferred
(quar.)___»
Power
Telephone Corp.—
Extra
—
—
prior pfd.
Power
Electric
class A (s-a)
_____
Jessop Steel Co., class A
—_______—_
Kendall Co., $6 preferred A
Keystone Custodian Fund, series S-2 (s-a) —
Knudsen Creamery Co., common (s-a)_i___
6-1
Malting Co.,
Canada
5-15
6-30
1
preferred
5'/<
50c
6- 1
(s-a)
preferred
Purity Bakeries Corp. (quar.)
Quaker State Oil Refining Corp.
12VgC
50c
$20c
8%
4-16
Jamestown
Concen¬
—__
Potomac
1
Mackintosh-Hemphill
Ltd. (interim)
Pittsburgh Steel 5 7474
5-11
5-
M
Mills..
Canada & Dominion Sugar CO.,
5-11
1
6-
preferred
8%
Co.,
Ironer
6-4
5-15
5-15
5-30
California
5-19
1
6-
20c
5-15
5-18
5-15
6- 5
5-12, ;;
___T_
1
6-
4-25
5-21
5-21
5-11
5-^31
5-31
5-11
)
6-15
5-28
7-14
6- 1
5-15
6- 8
5-21
6- 1
6- 8
6- t
6- 1
40c
20c
$1.50
preferred (quar.)______
_____
Pittsburgh Bessemer & Lake Erie—
(resumed)
(quar.)__
& Engineering
Interstate Air
6-4
——
6-
—
common..
674
6
5-15
quar.)—.
(quar.)
5-15
Pratt
7-3
6- 1
6- 1
6-15
&
1
5-15
6-1
(quar.)..—....
Mills Corp.—
Burlington
New
Mining
Sullivan
&
6-
5-15
$25c
25c
50c
$10c
Co.
(quar.)
Phelps-Dodge Corp.
Philadelphia Suburban Water Co.
1
Lindsay
7- 3
;
preferred
6 74
6-1
5-14
5- 2
5-15
$15c
(quar.)
Corp
Mulliken
Co.
6-
6-11
5- 8
5-25
7- 2
i-*..v.','
Hill
trating
5-12
Inc.
Paul,
25C
15c
25c
50c
$3.50
Bullock's.
6-11
9
Lawyers Title Corp.
Lincoln Printing,
preferred, (accum.)
(quar.)—
Pfaudler
25c
5-31/
5-31
(quar.)
Pettibone
4
6-
——_
7- 3
7- 3
(quar.)
Building Products,
Bunker
____—__________
Corp
Products
(quar.)$$1
$$1.75
(quar.)—.—
8
5-
$1.62 74
(quar.)
——
Mills,
Silk
Bruclc
Ltd.
Co.,
Peter
6-
(quar.)__
$6 pfd. (quar.)—
(quar.)_
Co.
57474
& Sons,
—
5-10
62 74 c
pfd. (accum.)_
6(4 74
preferred
(quar.)—
1
2
6-11
3 7 74 c
(accum.)—
(John-A.)
___
Co.,
Shoe
Brown
preferred
conv.
50c
Oil
British-American
7-
37 >/2c
774
Rubber Co.
&
6-
$50c
3 7 74c
(quar.)__
pfd.
Lang
Manufacturing.————•
Hose
2iy4c
(quar.)_____
conv.
5-17
Bristol-Myers Co.
Brookside
5%
Co.,
Power
6-1
Corp.,: 7%, preferred
Brandon
Pepperell Manufacturing Co.
& Gas
Water
15c
7- 2
6- 1
—
(Richard)
Borden
5-19
,
30c
$$1
Co..
Ltd., common
(quar.)
:
9
of Delaware—
preferred
conv,
cum.
Common
Belding Corticelli,
6-
(quar.)
preferred
La-Salle
——__
(accum.)——j———
participating A
Manufacturing
90c
■
Sons, Ltd.—
&
D.)
(W.
$1.60
Belden
Y.
(irregular).-—.
Seelig Manufacturing Co.—
Barlow &
Beath
H.)
Peoples
Mining & Smelting Co., Ltd.__
Refining Co. (quar.)________
6'/apreferred (accum.)
5-18
,
Peoples Gas Light & Coke Co.
6-15
&
International
5-15
5-10
(quar.)
Pennsylvania Coal
5-15
5- 7
6- 8
1
5-31
6-15
& Coke Corp
5-11
1
3
6-29
5- 1
$$1
$$1.75
50c
$1
$1.50
$2.50
50c
25c
$1.50
(guar.)
—
7-
4-30
5-12
-
1
5-10
.
5- 8
6-1
6- 1
Ltd—
Dredging,
Gold
Manufacturing Co., Ltd. com.
6- 9
4-26,
_—_
,
25c
$1.37 74
—
preferred (quar.).
7%
6- 5
$15c
&
$1.31'/4
common—
Co,
40c pfd. (quar.)
$$5.25
(quar.)
Packing
New York (quar.)
Inc.,
Reel Co
(quar.)
Rig
25c
15c
$1.25
50c
10c
(quar.)—
Inc.
6-
c
$10c
5-15
5-15
5-15
5- 8
'
(quar.)———
'
Corp.,
$1.50
,
5-4
,
5- 1
6- 1
5-21
15c
(quar.)
Co.
5-25
20c
3774
Imperial Tobacco Co. of Canada, Ltd.—-
5-31
Corp. (quar.40c
Radio Show, Inc.,"common-——_
5c
Co.
preferred
6%
Paton
Bros,
57/
5-21
5-15
Refining
Atlas Corp.,
Pato
40c
433/4C
(quar.)__
of
Co.
Consolidated
5-11
5-12
5-12
6-1
6-15
6-20
Co., (irregular)
Co.,
&
preferred
$5.50
6-15*
Oil
6',4
(S.
Parkersburg
5-24
1
6-
$1.75
6-15
preferred
Insur.
Pictures
C.)
2
Iron rite
75c
Corp.,
Co.
Fire
Parker
—-
5-12
6-15
6-15
$1.1274
Co
Products
Paramount
5-15
2
Illinois
5-21
6- 5
5-31
Financial
Pacific
6-
1
6-
7-
5-15
5-31
6-31
6-11
6- 1
Powder
2
6-13
25c
Industrial Silica Corp.,
50c
Atlas
Clay
5-25
Bay
Hunt
6-11
5-22
5- 9
5-14
4-30
(quar.)—_____..
Astor
Atlantic
6-11
Co.
Archer-Daniels-Midland
Pacific
Hydraulic Press Manufacturing Co.—
7-2
6- 1
5-15
1274c
20c
Mill Co,.—;—20c
American Steel Foundries (quar.)
50c
American Thread Co., Inc., 5'/*
pfd.(s-a)__
12'/2C
Art Metal Works, Inc. (quar.)
—
20c
Pulley
American
Ontario
5-17
5- 3
6- 1
preferied
Manufacturing
5-14
'
$$1.50
—
Insurance
6%
Co.,
1
7-
Stores
Life
State
Ohio
•
5-4
6-16
5-11
5- 1
5-15
•
25c
25c
(quar.)___
preference
prior
6- 1
7- 2
5-15
5-15
6-15
5-10
Ltd.*—•
Co
5-24
6-
Life Insurance
i
$1.75
$1.25
Co.
Glass
Humble
.
67/
$1.3774
.
__
Forging & Socket Co...
—:—_
American Furniture Co., Inc.
(quar.i—_—
American
American Home
•
.
series of 1936 (accum.)
V«th of share of
div.
cash
in
class
68%c
stock
B
A opt.
class
$2,75
1
5-21
$1.06 74
(quar.)
Hudson
"
,
5-18
1
(quar.)
Ohio Power Co., 474 74 preferred (quar.)
Ohio Seamless Tube Co., common
5-25
6-
Oil
37 74 c
5V4'in.
-
share
Payable in cash or l/16th of a
8
6-15
75c
common
of Rec.
Payable
50c
1274c
$$l
30c
(quar.)
Power Co.,
Light &
Extra
(quar.)
Howard
6-11
7- 2
6-
$1.50
—
Department Stores, Inc. (irregular^.
Manufacturing Co., class A (quar.)
Holt Renfrew & Co., Ltd., 7%
pfd. (accum.)
Houston Lighting & Power Co. (quar.)
(accum.)
$1.50
5-21
Ohio
1
Okonite
Hobart
—
6-11
25c
(s-a)
Holden
When
,
$1.2774
60c
—
Ltd.
preferred
preferred (quar.)—,
Common
_
5-10
10c
Hearn
4c
Haverty
Payable in cash or 1/16 of a share
class
1
Furniture Cos., Inc.—
Hazel-Atlas
series of 1S28
class A opt. div.
conv.
6-
6-
75c
preferred (quar.)
Bakeries, Inc.—
$7 convertible preferred (accum.)j
4-30
Ltd
6-15
(quar.)
Mines,
Scotia
6 7c
5-11
10c
_
Y.)—,
$4.25
5-10
7-2
Co. (St. Louis).
Insur.
Co.,
A.)
5-21
Hathaway
5-15
„—
American Business Shares, Inc.—._
American Cities Power & Light Corp.—$3
(M.
Hanna
5-15
6- 1
5- 1
__—8774c
7%
American
6-30
5-31
6-15
Northwestern National
35c
—_—
$1.25
& Vermont RR. Co. (irregular)
Allentown-Bethlehem Gas Co.—
Albany
,
'
______
_____—__________—
Engineering_i.___.__,—-._
Standard
Aetna
35c
20c
15c
25c
—.—
Co.
Manufacturing
Adams
Aeronautical
(N.
Increased
Hackensack Water Co.
Noranda
5
*
Cooper & Co. (quar.)___—_—
Grumann Aircraft Engineering Corp.—
Holdert
of Rec.
4-30
6-15
5
5-
25c
Griggs,
When
Payable
5-15
Per
Share
,
Name of Company
Indemnity
5
5-
5-15
50c
Co.V(increased)_—
Shops (California) (initial quar.)
Grayson'
Great American
,
B
5-
5-15
$1.50
!
(quar.)
Co.
W.)
(H.
Class
5-15
Nova
Union
Grand
5
25c
(quar.)
Co.
6-20
35c
(accum.)
Manufacturing
Gossard
Companies
•
.
"
this week are:
industrial and Miscellaneous
i
$6 preferred
Gorham
5-
1
3 7 74 c
(quar.)
preferred
—
preferred (quar.)
7%
preferred (quar.)—,
General Steel Castings Corp.—
$1.50
,
,
(quar.).
$1
preferred
(quar.)
Newberry (J. J.) Co. (quar.)
Nineteen Hundred Corp., class A
5.1074
7-
$1.25
„
New York State Electric & Gas Corp.—
5-14
5-15
10c
common..
5-14
1
6-
$1.75
....
Co.,
6-15
25c
common
Phoenix Corp.,
General
paid.
The dividends announced
preferred
5%
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
declared.
Industries
General
we
which have not yet been
preferred
l'/o
In the
grouped in two separate tables.
are
bring together all the dividends announced the
-current week.
Then we follow with a second table inwhich we show the dividends previously announced, but
first
Inc.,
(quar.)
Co.,
Cigar
Per
Share
Name of Company
of Rec.
Payable
Share
Name of Company
Holdert
When
Per
< ■
DIVIDENDS
2035
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4383
161
Industrial
and
Miscellaneous Companies
Per
Name
of Company
5c
5-25
5-
5
class B_
Agnew-Surpass Shoe Stores, Ltd., commop__
13C
5-25
5-
5
Alexander
Aero
Supply Manufacturing,
&
Baldwin,
Ltd
Share
10 c
$30c
40c
When
Payable
5-15
6-
t
6-15
Holdera
91 Rea.
5-
4
4-30
6- 5
THE COMMERCIAL & FINANCIAL CHRONICLE
2036
When
Per
Kid
Allied
6%
American
American
Co.
Can
preferred
preferred
$2
$3
Metal
5-29
50c
6-
1
6-
1
1
Ltd.,
7-
1
35c
5-15
5-
7%
6-15
6-
Common
(quar.)
(quar.)
$1.75
9-15
$1.75
12-15
10c
6-30
5-25
(quar.)—————---V—
American
Railways
American
Re-Insurance
(initial)
Corp.
.
Class
B
American
$5
Co.,
1
6-
5-31
5-
7-
5-
7
1
5-10
$1.25
75C
7-
6
$2.25
—
—
6
6-
9
1
5-12
5-15
4-28
1
5-10
6-
preferred
Argo Oil Corp.
-
Arkansas-Missouri Power Corp., common
67*
preferred (s-a) —;
Armstrong Cork, common (interim).
4% convertible preferred (quar.)
Associated
—++■
Goods Corp.,
Dry
Atlantic
6-
6-
6-
5-
.
5-10
1
5-15
5-
Mills
5-15
5-
Balfour Building, Inc., com. vtc.
Bank of Montreal (quar,)——
Bank
of
Toronto
Barnsdall
Bath
Iron
Oil
(quar.)
/,
Mills
2
1
6-
1
9
7-
2
125c
6-
1
6
1
Bell
&
Howell
4y2%
Co.,
Fine
—
(reduced)
(quar.)—
preferred (quar.)— ———
Best
&
77c
——
Inc.,
Co.,
new
Steel
■
Paper
Glass,
Corp,
(quar.)
Ltd.
Bohack
77c
$1.50
6-15
65-
5-
pfd.
& Co.
75C
C.) Co., Inc.—
preferred (accum.)_
Co,
Inc.
(quar.)
Bourjois, Inc., $2.75 preferred (quar.)
Roller Bearing
—
_.
——
of America (quar.)
Distillers of Vancouver,
Hills
Falls
Co.
Budd
(Edward G.)
Buell
Die
5-25
&
(quar.)
Wireless
(Holding)
5% %
preference
dep. rets, for 572 7c
California
Power,
preferred
preferred B
A
5-
4
1
5-
3
6-
1
5-
3
1
$1.75
,
6-15
6-
25c
5-15
4-30
5-15
4-16'
2%%
preference
5-21
4-17
com. (increased)
15c
_
common
6-
1
5-15*
75c
Service
6%
5
6-
$1.127a
(quar.)
(quar.)—
6%
6-
2%%
Packing Corp.,
Water
5-15
15c
—
(quar.)
preferred
California
5-25
10c
,
(s-a)
Electric
preferred
5-22
Ltd.—
Amer.
California
1
2c
-
5-
1
4-15*
3772c
—
5-15
4-30
'62%c
(quar.)
—
5-15
4-30
Co.—
(quar.)——
3772C
5-15
4-30
(quar.)
3772c
5-15
4-30
California Water &
Telephone, 67c pfd. (quar.)
3772C
7-
Canada Cement Co., Ltd.—
672 % preferred (accum.)
Canada
Dry Ginger
$4.25 preferred
Ale,
25c
common
(quar.)
Canadian
B
7%
preferred
7-
1
6-15
6-
1
4-30
185c
7-
2
5-15
125c
6-
1
5-15
Canadian
Ltd.. 5#
6-
1
1
55-
1
1
t$1.25
Investment
6-29
7-14
Canadian Oil Cos., Ltd., common (quar,)—.
5-15
4-28
6-
5-
5
1
4-17
5-
5
6-
5-
8
& Cohn
& Hudson
Co.
Co.,
preferred
preferred
6-30
6-19
Di
5-
6-30
2
25C
10-10
9-30
6-29
6-15
35c
6-
Co.
Dodge
& Anglo
preferred
Dominion
7%
4-30
12-24
4-28
5-12
5-31
4-23
5-15
5-
5
50c
8-15
8-
6
25c
6-
1
5-18
5C
6-
1
6-
1
5-18
Common
6%
$4
Monthly
Hires
Home Oil
$4.25
4%%
(A.
6%
E.)
&
1
5-15
1
5-15
6-
1
5-15
25c
6-
1
5-11
7-20
7-
50C
5-15
4-20
50c
6-15
6-
5
$1.50
5-15
5-
4
75c
5-15
4-25
5-15
4-25
(quar.)
25c
—
Co.,
y/
—
(monthly)
common—
Co.
Co.,
Ltd.
2
6-
9
5-
7
C.)
5-14
5-25
5-15
6-29
,
5-14
6-19
15c
7-27
7-17
6-15
6-
5
30c
(quar.)—
1
5-15
common
(quar.)
6-
1
9-
1
8-21
1
11-21
5-15
4-10
40c
/
12-
$15c
(interim)-
5-29
5-
25c
5-21
4
$1.06 »/4
:■
(quar.)—.:
& Co., common
— _—
6-28
6-
1
35c
6-20
6-
8
$1.12%
(quar.).
6-30
6-20
50c
(quar.)_
5-15
4-28
$1.50
common..:
5-15
4-28
15c
6-
1
5-15
45c
—
(quar.)—
6-
1
5-15
18c
6-
1
5-15
8%c
6-
1
5-15
3c
6-
1
5-15
—
$1.25
6-
1
5-12
(accum.)
$2.25
6-30
6-15
—————/
preferred
Car
(quar.)
-
pfd. (quar.)
pfd.
(quar.)—
Co.
Water, 7%
(Tom)
5
5
6-
25c
preferred
preferred
9-
12-
25c
——
(N. Y.), 5%
Co. of Texas. 5%
Oil
9-15
12-15
30c
—
-
Hardart
Huston
1
30c
—
(quar.)—
Co.
Motor
Huntington
6%
5-14
1
6-
15c
—
Participating
&
1
6-
$1
Inc.—
common
partic.
Horn
6-
6
$1
——-
quar.)—
—
partic.
7-
(quar.)
—
$20c
(quar.)„
common
1
25c
Manufacturing
5-
5
25C
Co._,
5-15
5-15
5-
1
Louis & Interurban Water—
preferred
10c
(quar.)
—
Peanuts
1
5-17
$1.75
(quar.)
66-
1
5-11
$1.50
6-
1
5-11
25c
-
5-15
5-
$1.25
(quar.)
6-30
6-20
5
Huttig Sash & Door Co.—
preferred
$1.75
Corp.
Eastern Steel Products, Ltd.
El Dorado Oil Works
5-11
6-12
5-25
5-
7
4-20
25c
preferred
(quar.)
5%
preferred
(quar.)
5%
preferred
Hygrade
5-20
5-10
Food
Zinc
Chemical Industrial,
Ordinary shares (final)—
6%
Steel
Products,
6-
1
5-14
Inland
7
4-30
Institutional Securities,
60c
6-30
6-12
1
5-16
7y2c
(irreg.).
6-
5-10
5-
Aviation
Co
7%
International
Silver
Engineers Public Service, $5 pfd.
$5.50 preferred (quar.)
$1.25
7-
2
6-14
Intertype Corp.
$1.37 y2
7-
2
6-14
Investment
$1.50
7-
2
6-14
75c
6-
1
5-15
—
(quar.)
Equity Corporation, $3 preferred
Railroad
(quar.)
(accum.)
<
International
6%
conv.
Co.
Utilities
6-
1
5-15
7
(quar.)
,
common
(quar.)
6-
1
4-30
6-
9
5-22
$1.75
6-
1
5-
$1
6-
1
5-17
37Vic
(quar.)
6-
1
5-15
6-
1
5-15
5
Ltd.—
(quar.)
(quar.)
$1.25
6-
1
5-17
(quar.)
$1.25
9-
1
8-17
5%
preferred
(quar.)
$1.25
12-
1
11-16
50c
6-
1
£)T15
25c
6-
1
5-12
Island
25c
6-
1
5-12
Jacksonville
5-15
6-15
6-
1
$1.95
6-15
6-
1
$2.10
6-15
6-
1
30c
6-
1
5-10
9-
1
8-10
30c
preferred
preferred
6-15
$1.80
12-
Co.—
preferred arrear ctfs. (accum.)
6V2% preferred arrear ctfs. (accum.)
5%
7-16
30c
Iowa Southern Utilities
$75c
6%
Co.—
5-
50c
(quar.)
pfd.
Corp.,
Foundation.
preferred
5-10
5-10
1
25c
Corp.
5-15
1
1
6-
$1.50
^
Machines
Harvester,
1
6-
6-
$1
Shares
6-
1
30c
__*
Int'l Business
$1.25
4-20
Ltd.-—
International
3
7-21
12 %c
common,-
(quar.)
5-
$1.75
4-25
5-
Ltd.—
Ingersoll-Rand Co.
Steel
4
5-21
5-21
$1.50
preferred
conv.
5-
40c
5%
Imperial
Indiana
9-20
12-20
5-10
25c
Co
25c
(quar.)
(quar.)
9-29
12-30
30c
Corp
Idaho Power Co., common
Empire District Telegraph, 5% pfd. (quar.)
preferred
$1.25
$1.25
(quar.)
Products
$25c
(quar.)—.
(quar.)
Electromaster, Inc.
5-11
1
20c
——
1
6-
50c
;
(irreg.)—
6-
$1.50
(quar.)_
s-a)
(increased)
Corp.
5%
Illinois
Jamestown Telephone
Faber, Coe & Gregg
com.
Fairbanks,
Co.
Morse
&
Falstaff Brewing Corp.,
(quar.)
(quar.)
common
(quar.)—
15c
5-29
5-
$5
preferred
(quar.)
$1.25
6-30
6-15
4-16
$5
preferred
(quar.)
$1.25
9-29
9-15
1
$5
preferred
(quar.)
$1.25
12-20
12-15
—
7%
Iron
preferred
Fireman
arrear
Mfg.
Co.
ctfs.
(accum.)
(quar.)
Quarterly
Quarterly
6%
Fansteel Metallurgical Corp.—
1
5-
common
Participating
7%
62Vic
6r30
5-15
66-
$1
(Geo. A.)
6% preferred (quar.)—.
Horn
Houston
8-
5-18
1
30c
preferred
Hudson
4-17
5-25
1
6-
50c
-
—
Co.,
5-29
5-11
6-15
50c
15c
preferred
Hoover
8-10
$$2
1
6-
$1.50
pfd. (quar.)
(quar.)
Hpoker Electrochemical Co.,
5-14
5-15
15c
—
—
Light,
(Henry)
1
4-30
5-10
com.
(quar.)
(initial
A
(Charles
1
1
5-10
1
$1.50
Common
1
5-25
1
6-
Common
6-
6-
6-
——
Electric
9-
1
5-15
$5c
(quar.)_
5-
$22 Vic
Monthly
Hilo
6-
$30c
'
5-15
(quar.)—
Hibbard Spencer Bartlett & Co.
$2
6'
10c
—
Heyden Chemical Corp.,
9
6-
1
5-15
5-15
—
'
Ltd.
Eastern Stainless Steel
$6
1
1
convertible preferred (quar.)
6-
$$1.25
5-16
-1
6-
6-
(quar.)
6%
Hershey Chocolate Corp.,
1
5-15
6
25c
(quar.)
Hercules Powder Co.,
7-
25c
5
4-30
62 Vic
(quar.)
preferred
$1.50
—
8
5-
5-15
Havana Electric & Utilities 6% pfd. (accum.)
Hawaiian Commercial & Sugar (quar.)
5-18
$1.25
6-
5-15
Harbison-Walker Refractories Co.—
-
1
6-20
25c
A
6-
1
5-15
25c
Extra
class
5-10
5-
1
25c
$1
12-24
6-
90c
—
1
115c
$1.75
——
A
10-
5-15
5-15
—
common
A
1
5-15
6-15
34%C
Ltd.
(quar.)—.
class
10-
6-15
(s-a)
(quar.)
Co.,
class
14c
<125C
Watch
$1
2
5-19
Power—
(initial
$1
7-
1
6-
$3
(quar.)__
6%
preferred (quar.)
Hancock Oil (Cal.), Class A
Holt
2
5-15
50c
quar.)„
Ltd.——
Mines,
75c
(quar.)
Corp.
Co.
4-27
7-
5-26
6-12
$1.25
—
(quar.)
Stores
Hamilton Cotton Co.,
Hamilton
7-1
5-30
371/2C
common—
5-21
1$1
-
Hallicrafters
37 y2c
6% preferred (quar.)
Eastern Airlines (initial
Eastern
preferred
Corp.,
Brothers
Hallnor
7-15
5c
Western Brewery—
1
Investment Corp., Ltd.—
Malting,
Corp.
East St.
5V2%
Hajoca
Hale
Dredge & Dock
8
50c
(quar.)
Bridge Co.,
Dominion
Dwight
Lakes
Hormel
Dominion Engineering Works
Dravo
& Knight, $1.80 preferred
preferred (quar.)
:
7%
5-21
25c
—■
——
5-
50c
(quar.)
(s-a)__
Graton
5-28
30C
—
—
—
Semi-annual/
5-10
35C
——
class A
Co., preferred
Granby Consol. Mining Smelting &
1
$1.75
—
(quar.)
Manufacturing
Dominion
5%
$2.50
(quar.)——
$5 preferred (quar.)—
Gorham, Inc., $3 preferred (accum.)_
6-20
$1.75
6% participating preferred (s-a)„
Dictaphone Corp. 8% pfd. (quar.)
Dixie Cup,
(S. A.)
6-
$1.75
—
(s-a)——
Brewing Co. (quar.)—
Goodall-Sanford, Inc. (quar.)
Goodyear Tire & Rubber Co., common
50c
—
pfd. A
Goebel
75c
(quar.)
Match
1
preferred
7-10
Giorgio Fruit Corp., $3 partic. pfd. (s-a)_
Diamond
1
4-17
preferred A
5-21
(quar.)
preferred (quar.)
Devoe & Raynolds Co., Inc., com. A (quar.)
Common B (quar.)—
—_n——-——
preferred
55-
5-15
4%
25c
preferred
5%
5-29
5-15
4%
1
5
4-27*
5
5-10
5-
5-15
5%
—
6
35c
—
5-15
(quar.)—
y $1.50
$4 participating preferred class A
y $1
General Steel Wares, Ltd., common (reduced)
120c
General Tire & Rubber Co., 4V2%
62 Vic
preferred
$1.75
Georgia RR. & Banking Co. (quar.).
;
8-
6-
A
5-19
5-10
11-
$1
1
6-15
8-15
5-31
—;—,—
6-
5-15
11-15
6-15
(quar.)
(quar.)
(quar.)
2
40c
(quar.)
Class
'v
4-30
25c
(quar.)
Supply (N. Y.)
5-15
$1.12%
■—
5-19
5-25
preferred (quar.)
Advertising Co., common—
12 Vic
—
Oil
1
$1.12'/2
Inc
conv.
Corp.
12 Vic
(quar.)
5-15
6-
25c
1
5-15
6-15
5-11
Trust,
(irregular)
7-31
1$1
preferred (accum.)
Co.
6-29
1$1.75
I
7-31
t$1.25
International
Canadian Marconi
6-
115c
c
5-18
5-15
(Alfred)
(quar.)
1
40c
(quar.).
6-
25c
5%
115c
Shares, Ltd._—!
5-18
1
$50C
Erie
Ltd., class A (quar.)„
(quar.)
Canadian Insurance
6-15
1$1.25
—
(interim)
Canadian Industries,
Class B (quar.)
1
$1.0674
Ltd., 57c pfd. (quar.)
Breweries, $3.40 conv. pref. (quar.)
Fairbanks-Morse: (quar.)
Canadian Industrial Alcohol—
Class A
(interimi
Class
7-
1
6-
43 %C
7% preferred
5-25
5-
6-
9
El Paso Natural Gas Co., common
1
6-20
1$1.25
Canadian Bakeries,
Canadian
r
1
6-
5-21
6-
.
5-25
5-31
5
4-30
50c
40c
Class B
5%
4
5-
6-15
$1.25
(quar.)——
Butler Water, 7% preferred
Byron Jackson Co. (quar.)
5-
5-15
20c
4-30
6-30
5%
4-19
$1.75
„
Mfg. Co., $5 preferred
preferred
5-21
5-
5-31
Detroit-Michigan Stove Co.—
4-19
12 72 c
(quar.)
(quar.)
Machine
5-21
5-15
$17c
Detroit Gasket & Mfg. 6% pfd. quar.)—
Detroit International Bridge (irreg.)
4-13
150c
Ltd
Burroughs Adding Machine Co
;
Butler Brothers, common
(quar.)—
5%
1
6-11
5-15
1
7% preferred (quar.)_.
Derby Gas & Electric—
1
6-
1
4
6-
7%
8
6272c
Buckeye Pipe Line Co.„
$3
56-
110c
Brooklyn Edison Co., Inc.
&
5-15
6-20
6-
5-21
5-
5-26
8
5-10
5
30c
Griesedieck
1
5-31
6-
12 %c
5-
6-15
—
4-16
6-
5-15
2
6-15
50c
common
1
5-15
—
4-16
$$1.75
4 ¥2 %
6-
7-
$3
—
6% preferred B (s-a)__
5-15
6-15
Inc.,
25c
37'/2c
1
5-15
$2
1
1
Great
5-15
4
$1
preferred (quar.)
5-
5-10
5-
20c
Clinton RR. Co., com. (s-a)_
(s-a):.—^
1
5
5-15
5-25
5-15
25c
Port
56-
$1
25c
1
$$1.50
11-20
6-15
5-
6-15
12 Vic
1
5-15
$1
6-
6-
$1.25
7%
4-30
1$1
—
;
Extra
Cable
5-21
5-15
5-15
25c
conv.
Delaware Rayon
5-15
50c
Brewing Corp.
4%%
1
1
1
1
Dentists
4-30
6-
68 %c
Brazilian Traction Light & Power
Co., Ltd.—
Interim
—^
&
5-15
6-
6-
8
Delaware
5-17
40c
-
5
5-
5-10
1
$1.75
—
Bower
Buck
1
6-
16c
(interim)
Fund
Brewers
6-
20c
(quar.)—
5-
6-
1
(quar.)
1
5-22
Corp
Deere & Co., 7% preferred
1
5-15
1
6-25
Deep Rock
1
5-15
6-
31V4C
—
12-
t25c
—
———
50c
(quar.)
common
HV2C
quar.)
-
$50c
Quarterly
1
127zc
5-15
15c
Decker
(H.
1st
Boston
6-
75c
Ridge Corp., $3 conv.
Borden
2
4-16
1
25c
America
8-20
5-15
50c
(quar.)——
5-20
1
6-15
40c
(quar.)
1
9-
10c
50c
preferred (quar.)__
Manufacturing Co. (Mo.)—
Davison Chemical Corp. (quar.)
;—
7
7-
5-15
6-
$1.50
—«.—
6-
13%c
25c
—
5-19
17 %c
17 Vzc
(year-end)
common
Industries,
Foods
56 V4 C
(s-a)
Co.,
Outdoor
55c
—
5-15
1
Co
Wood
General
———;—-
York, Inc.—
1
6-
(quar.)_
preferred
conv.
General
30C
Press
Trailer
5-1
5
pfd. (quar.)
6-
(quar.)——
5-15
<.
8
Corp
Co.
of
Company,
Cuneo
8
5-
——
$3 preferred (quar.)—
(Sidney)
5-
1
(quar.)
Birmingham Water Works, 6% pfd.
(Phila.), common (quar.)
Blumenthal
5-15
9
5-
—
Extra
4
6-
25c
4-24
9
25c
5-22
5-
Finance Corp.,
b-
————
Culver &
5-22
1
$1.50
(initial)
common—
Blauner's
Blue
1
6-
$1.75
common
Corp.,
preferred
5-14
6-
$1.25
General
1
Co. of New
Laundries
Crum & Forster, 8%
5-15
$1.75
;—
4-20
12-24
5-15
1
37%C
—
preferred
Bethlehem
1
1
6-
5-15
6-
Curtis
7%
conv.
5-
6-
Bottlers, 55c
6-28
Crown Drug Co., 1% conv. preferred (quar.)_
Crows Nest Pass Coal (interim).
Spinning Associates—
Common
$5
5-15
45c
General
$4c
preferred (quar.)
Creameries of America, Inc. (quar.)——_—
Crown Cork & Seal Co., Ltd.
(quar.)
1
$1
(initial)
preferred
Berkshire
5-
1272c
(initial)—.
common
5-15
Gar
4-20
12-31
5%
4-24
20c
/
4-20
5-15
60c
.—
Belding Hemingway Co. (quar.)
Bell
Aircraft
Corp.—
5-15
Crane
5-15
5-
4%%
Cosmos Imperial Mills, Ltd. (quar.)———
Coty, Inc.- ————————————Uj—-—
4-30
6-
75c
(quar.)
5-10
$$1.50
Vultee
6-20
3772c
(quar.)——
(quar.)
5-28
$2.40 pfd. (quar.)
—
Ltd.—
Beaux-Arts Apartments, $3 preferred
Fruehauf
9-25
Corrugated Paper Box Co., Ltd.—
7% preferred (quar.)—
5-15
$1
5-19
Drive Auto,
Stores
Gerrard
(quar.)
$1.12%
prior pfd. (quar.)
Street
1
'
4-16
5c
6-
$1.25
-——,—
4-16
5-15
(initial quar.)-
6%. preferred
(s-a)_———_— "'■/
4-18
5-15
—
Q%
Freeport Sulphur Co.
Ltd.—
—
6-30
$1
20c
(quar.)—
Bridge Works
Wheeler Corp.,
Four-Twelve West 6th
Four Wheel
9-29
6%
Pitt
Foster
Franklin
5-15
5
25c
(initial
preferred
5-19
$$1.50
Power,
Power, 4%
5-18
J4c
4-18
20%
preferred
$4
5-18
5-
6-
6-30
Foster & Kleiser Co
6-25
Co.
Co.,
Fort
6-30
(quar.)
Flintkote
1
6-
7-10
6-20
(Newark, N. J.) (s-a)
Ltd., 7% pfd.
preferred (quar.)
1%
preferred (quar.)
Fleet Aircraft, Ltd. (resumed)-
1
$1
7-15
25c
20%
7%
1
68 %c
5-15
—
6-
2Vi%
1
—
preferred (quar.)————
$1.25
—
6-
$1.75
—.——_i——
Quarterly
2
$$1.50
Power
4 y2%
Gamewell
(quar.)
5-31
25c
—i—
Fitzsimmons & Connell Dredge & Dredge Co.
$1.25
—
5-31
9
Firestone Tire & Rubber Co.—
25c
(quar.)
9
6-
————-————t-
1
Quarterly
River
(s-a)
6-
62V2c
...
8-11
6-
18-——:
April
Common
6-
/
8-15
Philadelphia (stock div.)
Firemen's Insurance Co.
5-
6-12
25c
Paint & Varnish com.
(quar.)—
pfd. (quar.)
in¬
corporate Investors, Ltd., class A (irreg.)_—"
5-15
6-
$$1.50
9
subject to approval of stockholders at meet¬
11-
5-
preferred
of
1
4-30
.
(quar.)
Corp.-..-:
1
6-30
(quar.)——
Ltd.
Enamel
Florida
4-19
—
Mines,
preferred
Association
5-15
5-15
$1.25
(s-a)-
i—
$1.50
series
—
$4
4-30
20c
6-
12-
31 y4c
Cook
5-16
6-
1
5-15
Container
6-15
5-31
125c '*■"
——.
Works Corp.—.—.——„
Class A common
Beaunit
7-
6-
5-11
1
5-15
Consumers
5-15
115c
——
Bathurst Power & Paper Co.,
1
$1.25
(increased)
(quar.)—1,-,
Co.
6-
6-
$1.0614
—
5
7c
(monthly)—
12-24
1-2-46
25c
Aircraft, common™—
$1.25 conv. preferred (quar.)
Consolidation Coal 'Co.————u-v;
1
10c
Co.
Consolidated
5-15
7c
Avondale
6-25
25c
Corp. (stock dividend)
preferred (quar.)
Consolidated
5-10
1
10c
—
—
2
75c
Extra
4-23
66-
5%
Consolidated Natural Gas
4-30
25c
(quar.).
Corp.
7-
(quar.)
preference
Consolidated Edison
5-18
5-10
5-11
25c
(quar.)—„—
A
Carbon
Consolidated
5-18
6-13
$5c
—
—
1
$3.50
——
Corp.
preferred
Connecticut
4
6-13
Iron
Connecticut
5-11
$2.50
preferred (s-a)—
Mines, Ltd
Autocar Co., 5% series A preferred
Automatic Products Corp.
(quar.)
6-
60c
$2.20
5-11
25c
T
$1.50
common——__
Connecticut Light & Pwr.,
5-11
66-
$1.75
.;
5-15
$1.25
Pictures
Coniaurum
5-15
$1.50
——
(quar.)—_
Co—
5%
Aviation
1
$1.50
Atlantic Coast Line RR. Co. com. (increased)
Aunor
7
$2
Co
Line
Coast
1
6-15
25c
5-15
1
Quarterly
Quarterly''
-15
$1.75
—
11-15
1
6-
Confederation Life Assn. (Toronto)—
:
-31
6-
10c
common
1
6-15
$1
6%
Athey-Truss Wheel
6-
25c
—
—
preferred (quar.)—
7% preferred (quar.)
—
Atchison Topeka & Santa Fe Ry.
5-15
5
Cleaning & Dyeing—
Fitzimmons Stores,
Telephone, $5 pfd. (quar.)
Concord Gas, 7%
preferred (accum.)
Conde Nast Publications
(special)
-14
$1.50
.
1
6-
(s-a)
(quar.)_;
&
conv.
Quarterly
-14
25c
(s-a)
12-
$3.50
Commonwealth
-20
5-15
$1
8-15
U5c
pfd. (quar.)_
Commonwealth International Corp.,
6-20
6-30
25c
Co., common
(s-a)
Artloom Corp.
6-30
/. $3
10c
Mills
Cotton
6%
$2.75
5-21
6-
Inc.,
cumulative
Columbian
6-23
115c
(quar.)
A
7-
30c
—
5-15
1
$1.25
Corp., common
preferred (quar.)———
Fuel
Columbia
15c
(s-a)
Ampco Metal, Inc., common—
6% preferred (s-a)
,
Anglo-Canadian Oil (interim)
V—^Anglo-Canadian Telephone class
1
9-
Aikman
preferred
5%
6-23
10c
$4.50 preferred
Arcade
6%
5-11
v
(s-a)
Ltd.
Co.,
Stores,
preferred
Cumulative
1
8
Columbia Gas & Electric Corp.—
Co.—
6-
5-
25c
Plow
&
Colorado
5-10
1
5-25
6-
______
—
conv,
5%
4-17
6-
Fire
ing
——
(qpar)
2nd
5%
4
6-
30c
Ferro
6
1
$1.25
Knitting, Ltd.
Colonial
1
75c
7
9-
6-
$1.25
preferred (quar.)
Collins
4
75C
(quar.)
(accum.)
clears all arrears.
common
5-
4-20
50c
„———
common
& Smelting
pfd.
prior
conv,
5-15
7%
6-
50c
Semi-annual
5-15
5-15
$0,843
—
The above payment
Amoskeag Co.,
1
6-
5-18
7-14
10-15
25c
•'
Colgate-Palmolive-Peet, com. (quar.)
$4.25 preferred (quar.)————:
5-21
75C
(quar.).
Co.
(quar.)
Zinc Lead
6- 1
50c
(quar.)
(participating) —
Smelting & Refining Co., common-
American Tobacco
,
50c
$3 pfd.
American Service,
5
9
5-
30c
Works
United
25c
•
Inc. (quar.)
(quar.)„—
preferred (quar.)_
Cockshutt
$1.75
—
Y.)
(N.
Co.
9-
6-
5-15
Corp
Screw
Fenton
25C
Oil
Cotton
9-15
6-30
6-
15c
Federal
preferred (s-a)
7% 2nd preferred (s-a)
City Water Co. of Chattanooga—
5% preferred (quar.)
Clearing Machine Corp. (quar.)
Sanitary-
Standard
&
———
American Stove
1
7%
12-15
American Safety- Razor———,
American
6-
—.
City of Paris Dry Goods Co.—
•
—
preferred
7%
6-15
City of New Castle Water, 6%
5
Radiator
American
30c
—
*5c
5
$1.75
(bi-monthly)
Paper Goods—
7%
Mogul
5%
5-24
(quar.)—
Co.
News
American
preferred
preferred
preferred
Fire Insurance Co. of Canada
Circle Bar
—
American
7%
Federal
6-16
75c
(quar.)
Federal
5%
5-18
6-15
50c
American Meter Co.
A
1
5% preferred (quar.)
5-31
1
6-30
5
5-18
1
6-
$1.50
—
class
$1.50
5-10
6-15
Cincinnati New Orl, & Texas Pac. Ry. Co.—
1
6-
common
(quar.)—
6-12
75C
25c
Electric
5-
5-15
$1.25
10-
25c
preferred (s-a)————
Federal
of Rec.
2
—
5-25
15c
——
Quarterly u.—
Chile Copper Co.—.
5-15
6-
7-
25c
common-,
5-15
Chickasha
5-15
75c
627aC
preferred (quar.)
—
Co., 5% preferred-
Co.,
preferred
6%
6-30
'
American Manufacturing
American
;5-18
15c
Shops,
25c
Co
6-
—
Quarterly
Chicago Yellow Cab Co.,
5-18
6-11
5-15
6-1
$2.50
$2.50
Bake
Federal
5%
$1.50
(quar.)
20C
Belt
Chain
Leather—•
&
convertible
6%
5-15
6-11
5-17
1
Y.)
Holdert
Payable
(Syracuse,
4-30
6-
25c
N.
When
Share
Chesapeake Corp. of Virginia
Chicago South Shore & South Bend RR.—
4-19*
75c
(quar.)——.-.———
Hide
American
4-30
$1.75
(quar.)_———..——
preferred (quar.)—
:—:
$2.50
4-30
6-11
5-10
$1.25
preferred (quar.)——
Century Ribbon Mills, Inc. (quar.)
4
$1.50
(quar.),.
3
7-
mvic
$6
5-19
5-15
M.t
(A
Foundry Co., 5% preferred
Central Ohio Light & Power Co.—
5-11
5-15
i
(accum.)—.
& Co. (quar.)
Central
5-15
5-
common————
Name of Company
Farmers & Traders Life Insurance
preferred
"Castle
5-19
6-
6-
(quar.)—.
Corp.,
y
6-
6-
—
Foreign Power, $6 pfd. (accum.)
preferred (accum.)
General
7
5-
15c
American &
American
$1.50
6-15
6-
—
Per
Kolaert
Canadian Wirebound Boxes, Ltd.—
7
10c
(quar,),—
Co.
Barge Line
'—,—«—
Extra
5-
25c
funds
Co.—
of Rec.
When
Per
t$2
$1.50
(quar.)
common
(quar.), pay. in U. S.
preferred
American Arch
2
7-
15c
Payable
of Rec.
$1
—
—
Cement—
Ltd.,
Aluminium,
.
Name of Company
;
Holdert
25c
Inc.-.,
Alpha \,Portland
5-15
10%
(irreg.).
Inc.
Laboratories,
Allied Mills,
5-15
25c
«
dividend
Stock
Allied
Co.__
Payable
Share
Name of Company
$7
Monday, May 7, 1945
•
Share
Mountain
1st
Mines
7%
Corp.—
(quar.)
Kahuku
Sugar
Plantation
11-10
5-28
4-27
5-15
4-26
7-
6-15
$1.50
preferred A
preferred B
1
$3c
25c
Co., Ltd
Corp
preferred
Judson Mills.
7%
Gas
—
—
$46.78
;
5-J5
$133.27
15c
2
5-15
"
6-
5
5-23
1
161
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
•
Common
(quar.)
com.
5
12-15
12-
5
6%
(quar.)
Co. $6 partic. pfd. A
5-15
5-
1
5-31
5-
8
$1.25
(quar.)
6-
1
1
5-10
Kentucky Utilities Co. 7% junior pfd. (quar.)
Kildun Mining Corp.
(liquidating)
Kinney (G. R.) Co., $5 prior pfd. (accum.)_
Klein (D. Emil) & Co., Inc. (quar.)—_
$1.50
5-20
4-30
National
Gas
5-20
4-30
National
Gypsum
25c
6-12
5-18
National
Lead Co.,
50c
6-
1
5-11
National
Linen
$1.50
7-
2
6-15
$1.75
8-
1
preferred (quar.)
$4.50
Leath
&
Co.,
Gold
Leitch
Newport
11-15
11-
5
New York & Queens Elec.
5-31
5-21
1
9
5-
6-15
7-
62/2c
2
68-
1
-
7-14
25c
5-11
4-23
5-26
North
5-
1
1
5-
1
Northwest
6-
1
75c
6-
1
Co
—
30c
Belt Co.,
Match
Lion
7%
7-26
1
10-26
15c
5-21
5-
5
6-
1
5-
5
7-
$1.62 Z2
,
6-
RR.
Gas
Elec.
&
held
1
5-15
$1.50
1
7-14
Class
1*
Co7,8% preferred
(quar.)
Co.
.
Class
B
Oklahoma
6-
1
5-
1*
4%%
7-
2
6-22
Oliver
10-
1
9-21
Ontario & Quebec Ry.
1-2-46
{12-22
$1
r
:
'
.
5-21
6-20
5-
200%
—
:
5-31
6-30
-
12c ®'6-
9
1.
5-12
4
6-
:
1
5-
6-
10c
$1.50
1
5-17
7-16
Securities Acceptance
5-15
Servel,
6-14
5-18
Shattuck
5%
Inc.,
5-
1
6-
4
Denn
1
Lumbermen's
Lynch Corp. (quar.)
Lynchburg & Abingdon
Madison Square
Owens-Illinois
6-13
5-
2
6-21
Oxford
4-30
6-30
6-20
$1.25
9-30
9-20
preferred—
18c
5-14
M. —«■»•«
!____
6%
Corp.,
25c
6-
1
5-10
7-
Sherritt,
6-
9
5-16
Sherwin-Williams
5-10
4-18
10-
Pacific
Gas &
Gordon
Corp.,
common
4/2%
preferred
Co.,
(quar.)
common
...
1
$1.25
6-
1
15c
6-
1
15c
5-10
4-30
t$1.12/2
6-15
5-15*
25c
5-15
4-14
$1.75
5-10
4-30
40c
5-10
4-30
133/4C
5-15
5-1
._.
Company
1
Simpson's
7-
2
6-
8
Sinclair
7-
2
6-
8
Sioux City Gas &
8-
1.
7-21
25C
6-
9
5-24
6-
1
5-15
Ltd.,
Oil
Common
pfd. (initial
4V2%
quar.)
—
(quar.)—;
Corp.
Electric Co., 7% pfd. (quar.)
(quar.)
;
—
55c
5-25
5-10
7-
2
6-11
7-
2
6-11
6-
1
5-19
6-
Co.
Pulp
Gold
1
5-19
6-20
7-
2
6-15
6-30
6-15
:
(quar.)
6-15
5-15
preferred
(quar.)
$1.25
6-15
5-15
7-
3
5-28
5%
non-cumulative
preferred
(quar.)
$1.25
9-15
8-15
6-
1
1
4
1
(quar.)
(quar.)
-
(quar.)
—
Mercantile Acceptance Corp. of California—
Co.
6%
(quar.)
(quar.)
9-
1
4-25
$$1.25
7-
1
4-25
"
.
5-15
1
5-15
5-15
5-15
1
10c
5-15
4-24
7-
1
6-15
10-
6-
V
..
1
9-15
50c
1-2-46
12-15
50c
4-1-46
;
5-18
$1.40
class
A
(quar.)
35c
6-
1
5-21
$1.40
class
A
(quar.)
35c
class
A
(quar.)
35c
$1.40
class
A
(quar.)
35c
2-15-46
•
5-29
43 3/4 c
8-31
8-30
43 3/4 c
11-30
11-28
$55y2c
1
5-
1
Penmans, Ltd., common
Electric,
Pennsylvania
'
(quar.)
4.40% pfd. B (quar.)
5-15
4-30
Pfizer
7-
2
6-15
—
5-
1
(Charles)
8c
Co.,
(irregular) —
Minneapolis-Moline Power Implement
$6.50 preferred (accum.)
Minneapolis & St. Louis Ry—.—
Co.—
5
6-
1
Pierce
5
9-
1
———
...
30c
12-
5
12-
1
25c
6-
5
6-
1
Piper Aircraft Corp., 60c conv. pfd.
9-
5
9-
1
pfd. (quar.) —
(quar.)
—
12-
5
12-
1
6-15
5-31
$1.75
5-15
4-30
6-
1
5-15
5-15
Quarterlv
Ltd. (interim)
(s-a)—
Mountain Producers Corp.
Manufactured Corp.—
Common class A
(special)—
Common class B (special)
Mullins
preferred (quar.)
$7 preferred (quar.)_
$7 preferred (quar.)
Muncie Water Works, 8% preferred (quar.)_
Muskegon Motor Specialties Co.—
$7
(quar.)—-—-—
preferred
(quar.)
6-
9
6-
10-
1
Co
Governor
Semi-annual
class
B
pref.
A
6-
1
5-
1
Pressed
Metals
1
6-11
Procter
8c Gamble
7-
1
6-11
5%
5-15
4c
6-15
5-15
50c
6-12
6-
5-15
5-
5
5-15
$1,623/2
5-
1
8
5-24
5-11
4-24
6-
50c
$1
50c
6-
1
5-10
6*
1
5-10
6-
$2.25
$2.25
2
1
5-10
6-
$2
1
5-10
17 Vx C
5-10
4-30
t$l
6-15
5-15
t$1.75
6-15
5-15
1
5-15
5-
25c
5-31
5-19
5-15
5-
75c
of
preferred
5%
Service
Public
5%
Co.
preferred
5
4
5-15
_________
t3c
5-28
4-27
25c
6-15
5-15
7- 2
6-15
■r
of Indiana,
com.
25c
6-
1
5-15
$1.25
6-
1
5-15
(quar.)
(quar.)—___
Raytheon Mfg. Co., 6% preferred (quar.)__
Reading Co., 4% 1st preferred (quar.)_.
$1.25
6-15
5-15
50c
5-15
4-16
50c
6-15
5-15
$1.75
6-15
5-15
$2
6-15
5-15
$1.25
6-30
5-31
$1.75
6-30
5-31
30c
5-15
4-19
$1.50
5-31
5-
1
5-25
7V2C
4-19
6-
5-15
1
50c
6-14
5-24
25C
Reading Co.. common (ouar.)
5-ip
4-12
1
5-12
$1.60
non-cum.
25c
6-
1
5-12
$1.60
non-cum.
6-
1
5-12
$1.75
9-
1
8-11
$1.75
12-
1
11-10
$1.75
$2
6-15
6-
1
$1.60
Remington
$4.50
50c
6-
1
5-15
6-
1
5-15
Rand.
preferred
ReDublic Investors
6%
$1.50
non-r-um.
P,n,
pfd. A
preferred
preferred
(quar.)
(quar.)
1
5-
1
t40c
(quar.)
common (quar.)
9-
1
8-
1
J40c
preferred
Inc..
6-
12-
1
11-
1
$6
Union Electric
$5
(quar.)_
3
4-28
25c
5-15
50c
5-15
4-30*
5-15
1
6-
9-
1
8-15
12-
1
11-15
1
5-
5-15
6-
1
4-30
$1.75
6-
1
5-11
6-
1
5-11
90c
5-11
Insurance Co.
(quar.) —
$2.50
4-30
5-15
6-
5-28
1
25c
5-15
5-
1
t$3.25
5-15
5-
1
1
5-10
6-15
5-25
6-
6-15-
5-25
5c
5-15
4-25
5-15
5-
5-15
5-1
1
5-21
25c
6-
3
5-10
5-15
8-15
8-10
11-15
11-10
50c
(quar.)
25c
25c
'7-2
6-19
$1.25
5-15
4-30
$1.12/2
5-15
4-30
25c
5-10
4-10
25c
(quar.)
(quar.)
Co.
■
5-10
5-
1
—
5-15
25c
6-
1
5-18
$1.25
6-
1
5-18
5-15
4-14
9
5-24
preferred (monthly)—
(monthly)
6.36% prior preferred (monthly)
6.36% prior preferred (monthly)
6% prior preferred (monthly)—
6% prior preferred (monthly)
United Merchants 8c Manufacturers—
58 Z3c
58 y3c
53c
prior preferred
8
8
15C
8-
1
7-16
United
New
8-
7-16
United
Public
preferred
$2.75
Util.
preferred
5-15
5-
4
$1.75
5-15
5-
4
25c
5-31
5-15
6-
1
5-15
7-
2
6-15
6-
1
5-15
7-
2
6-15
6-
1
5-15
50c
7- 2
6-15
$1.25
(quar.)
Jersey RR.
6-
50c
50c
—
25c
53c
—
7% prior
6-
4
7-
5% conv. pfd. (quar.)
United Biscuit Co. of America, com. (quar.)_
5% preferred
(quar.)
United Corporations, Ltd.—
$1.50 Class A (quar.)
;
United Electric Coal Cos.—
United Engineering & Foundry Co., common
7% preferred (quar.)
United Light 8c Railways Co. (Del.)—
Common
(initial)
____'
6-
5-
5-15
t3c
20c
United Aircraft Corp.,
2
I
1
1
2
5-15
1
6-
6-
7-
683/4c
6-
10c
$1.25
15c
pfd.
5-10
37'/2C
$1.50
—
(quar.)
Storage
Union
5%
R
Republic Petroleum Co., 5V2%
5-10
5-12
Co. of Missouri—
preferred
7-
-
_____
1
1
5-25
25c
:
;
(quar.)
$4.50 preferred (quar.)
Union Oil Co. of California
30c
Fund—
6-
'6-
10c
common
preferred
$1.12V2
(quar.)
(quar.)_—
$1.50
$1.62 '/2
35c
——
Co._
Oil Tank 8c Pump
Co.
Trane
7%
t40c
5-15
—.—
(quar )_
Quarterly
—
Quarterly
;
208 South La Salle Street Corp.
6-15
(quar.)_
—
Quaker Oats Co.. 6% preferred
6-
Roofing Co., common..
convertible preferred
Aircraft (resumed)
$1.40
Trinity Universal
5-15
6-22
1
20c
(quar.)
5-15
of New Jersey—
preferred (quar.)
Puget Sound Power & Light Co., common___
25C
Associated Oil
6-15
Regent Knitting Mills, Ltd.•
Tilo
Water
1
2
1
6-
.
$5
2
1
7-
$1
62 %C
'
7-
7-
2
25c
7-21
6-
6-
2
5-
10-22
50c
58V3C
5-
1
1
50c
—
7%
Co.
41%C
5-15
1
6-
11-
Timm
1
1
6-
25c
$2.50 pr. pref. (quar.)
$2.50 prior preference (quar.)
Thatcher Mfg. $3.60 conv. pfd. (quar.)
"incorporated,
6-15
6-
5-
1
5-15
41 %C
5-15
1
6-
of Colorado—
9-15
12-15
6-
(s-a)
50c
1
8-15
6-30
9-29
12-29
8-
Oil
&
Tide
5-
5-1
10c
Coal
5-15
:4-25*
5-15
25c
Textron
5-15
1
6-
62V2C
Pacific
Texas
1
v:
1
6-14
t5c
25c
V/
5-10
$1
40c
1
4-26
5-i5
1
(quar.)
pfd.
6-
5-18*
8
5-18
6-
50c
——_—.:
Teck-Hughes Gold Mines. Ltd
Terre Haute Water Works, 7%
Tokheim
preferred (quar.)
,____
—
6%
preferred
(monthly)
6% preferred (monthly)
7% preferred (quar.)
8% preferred (quar.)___^
—
Public Service Elec. & Gas $5 pfd. (quar.)
Power
Common
.6-
9-15
1
5-
1
6-15
50c
Common
20c
1
6-
■:
(quar.)____:
$5
Quebec
6-
1c
Corp.,
preferred
$1.25
Inc._____
Co., common
(quar.)—
Public Service Co.
6% pfd. (quar.)_—
(quar.)
Sylvanite Gold Mines, Ltd. (quar,)_____—
Symington-Gould Corp. (resumed)——
Syracuse Transit Corp., common
Oil
6-
50c
37V2C
:
37V2C
(monthly)
(monthly)
(monthly)
(monthly)—,
(monthly)
(monthly)
preferred
5% preferred
6% preferred
6% preferred
7% preferred
7% preferred
—
(quar.) —
Machinery Co—
2nd
5-15
25c
(s-a)
Corp.
1
25c
preferred (s-a)
Thompson (John R.) Co.—_
Thrift Stores, Ltd.—
6V2% conv. 1st pfd. (accum.)
10-
10c
______—______—_—
—___________
Public Service Co.
1
75c
(quar.)
America,
5-15
5-
$1.25
___________—
Poor & Co., class
4-17
1
6-
$1.25
Thermatomic Carbon Co.—
Pittsburgh Coke 8c Chemical $5 pfd. (quar.)_
Pleasant Valley Wine Co.
7-
6-11
1
5-21
$1.50
1
5-24
6-
1
6-15
1
15c
$2
7-
4
5-
IOC
50c
50c
5-
6-
(quar.)
50c
37J/2C
7V2%
1
5-15
30c
______
________
•
6-
$1.25
6% prior preferred (quar.)
Stromberg-Carlson Co., 6J/2% pfd.
4%
5
5-15
6-15
$1.25
.u.—_—
——_____
Swan-Finch
•
5-
5-15
6-15
$1.12 »/a
31>/4C
1
10-22
fquar.)____
Pittsburgh Bessemer 8c Like Erie RR. Co,—
5-
—
& Development Co.—
5-11
5-21
(quar.)
(quar.)
(quar.)
& Co. (quar.)
(A.)
Sullivan
6-1
Works—
Tampa Electric Co
—
Products Corp.
1
1
Pitney-Bowes Postage Meter Co.
50c
Moody's Investors Service $3
5-
1
1
20c
Pinchin. Johnson 8c Co.—
Ordinary registered (final)
$1
Carpet Mills, Inc
—
Monomac Spinning Co.
(quar.)——
Monsanto Chemical Co. (quar.)______—~
$4.50 preferred A (s-a)
—
$4.50 preferred B (s-a)
$4 preferred C (s-a)
Montgomery & Erie Ry. (s-a)—____.
Montreal Cottons, Ltd., common (quar.)—_
Mohawk
6-
6-
50c
6-
'
Products, common—
8%
preferred (quar.)
—
$2 preferred (quar.)—————__■
Midwest Oil Co., common (s-a)
8%
preferred (s-a)_
_——Miller & Hart $1 prior preferred
——
4-16
6-
Participating preferred (s-a)
Phillips Petroleum Co. (quar.)
9-
25c
Steel
5
$1.75
50c
30c
—_——
Mid-Continent Petroleum Corp.
2-
SI.75
common
new
30c
$1.62y2
preferred A (quar,)———
5
!
4
Philadelphia Transportation Co.—
5-15
15c
50c
preferred (quar.)
Merritt-Chapman & Scott Corp.—
8-
11-
5-15
$1.10
Pennsylvania State Water. 7% pfd. (auar.)_
Perkins Machine & Gear, 7% pfd. (quar.)_
62'/2c
8-15
—
Stokely Van Camp, Inc. 5% pfd. (quar.)— _
Stonega Coke & Coal Co. (quar.)—
.__—.
Strawbridge & Clothier—
5
11-15
*75c
..
5-
5-15
—
Extra
.•
6-15
40c
(quar.)—
(quar.)
preferred
Stewart-Warner
3-15
50c
(quar.)
(quar.)
(quar.)
5-12
50c
pfd.
$1.60
preferred
preferred
5%
Stein
5-19
9
6-
22c
40c
.__—
5%
5-15
50c
Wheel
5%
5-15
.6-1
$1
15c
—
Irregular
4-20
Wilcox Co
—
Stanley Works, 5% preferred (quar.)..
Stecher-Traung Lithograph Corp.—
4-30
4-30
30c
Standard Wholesale Phosphate & Acid
4-30
5-15
5-15
40c
of California
Standard Stoker Co
4-30
343/flc
31 Vic
:•
1__
___.
Oil Co.
5-15
75c
Electric, 6% pfd. (quar.)
(quar.)_,_
(quar.)
Corp. (quar.)
(quar.)
(quar.)
preferred
Dredging
4-29
6-
50c
$1.50
7-11
1
5-21
Cap & Seal Corp.—
conv.
Standard
2
37 %c
;
(accum.)
5-19
6-
5-
5-25
1
5-31
1
7-13
6-
$1.12 »/2
—
(quar.)
Inc., common
(quar.)
Standard
1
25c
7%
A
1
7-
6-
43 % c
$1.60
10-
6-
3
Standard
,125c
10c
5-
$4.50 preferred
5-23
25c
Co
Brands,
5-23
6-20
Common
—
Mercantile Stores Co., Inc., common
Co., 6%
6-20
Manufacturing
25c
preferred (quar.)
—
preferred (quar.)———————
8% preferred (quar.).—
———
5% 1st preferred (quar.)
6%
Mountain Mines Co.,
20c
Water
Standard
5-19
:
Co.
Stamford
5-19
1
$1.50
Peninsular Telephone Co., common (quar.)
5-15
Spiegel, Inc., $4.50 preferred
1
6-
___
37%C
(quar.)_
common
Mount Diablo Oil Mining
4-15
6-
37%c
Peninsular
20c
—
preferred (s-a)
Corp.
5-15
10c
(quar.))
$1.40
preferred (quar.)
______———._
preferred (quar.)-——————
Mclntyre Porcupine Mines (quar.)——
Finance
t$1.75
(quar.)
com.
35c
45c
Spencer Kellogg & Sons., Inc. (quar.)
Spicer Mfg. $3 preferred A
4-15
35c
7%
preferred (quar.)_
1
30C
7%
Messenger Corp.
6-
5-15
Service, common (quar.)
Investors
25c
10c
5-
25c
—
4-20
75c
non-cumulative
Southern Railway Co
5-
preferred
Common
5-20
5-15
Southern Canada Power Co., Ltd.—
5-25
5-15
Common
4-20
6-15
5%
$3
4-?0
3
5-15
5-15
4-30
$25c
6-10
5-15
6-1
4-30
._
6-10
5-
35c
5-15
___
Peck,
1
*5-15
5-15
Pacific Lumber Co
6-
5-31
37'/2c
—
(quar.)
B
50c
(s-a)
5-15
5-15
4-25 '*»****
9
$20c
(quar.)
preferred
Sovereign
6-15
87y2c
(quar.)
5-15,.
5-
California Edison—
Common
6%
5-15
1
5-2o
37 V2 c
Greyhound Lines, Inc., com.—
Southeastern
6-
50c
(quar.)__
Southwestern Public
Grinding
5-21
10c
& Platinum Co
South Bend Lathe Works
7-2
30c
$1.50
(quar.)
American
South
;
common—*—.
preferred
6%
(quar.)
preferred
conv.
cum.
Soundview
Southwestern Life Insur. Co. (Dallas)
preferred
Pacific Lighting
Stow &
5-15
Solar Manufacturing Corp.—
1
2
7-
—
McEryde Sugar Co., Ltd.—
McClatchy Newspapers, 7% pfd.
preferred
preferred
5
4-30
6-
.___
1
preferred
5%
5-23
5-15
.
$1.25
(quar.)
Deposit receipts (quar.).
5-
5-28
$1.12V2
& Insurance
Kaiser Co. (increased)—.——
Frank
5-
.
5V2%
4-19
6-28
75c
(quar.)
5-
25c
Co.—-
Meadville Telephone,
5-15
.
•
(quar.)
(quar.)
(W. L.) Co.———————
May McEwan
4-20
$3
(ouar.)
Bonding
Agricultural
9-21
12-22
5-15
4-20
t2c
Co.
Mines, Ltd.—
4-26
25c
Garden Corp
Masonite
Massachusetts
1
1-2-46
6-15
5-25
12 Z2C
___
preferred AAA
5%
$ 15c
$5
1
5-10
f 22c
(irreg.)
Water Power
Shawinigan
4-24
1
5-15
5-15
&
5-15
$1.25
5-15
Glass
Paper,
$1.75
—
Marine
4
6-
(quar.)
50c
(quar.)_______________
preferred
7-
$1.62 V2
Telegraph Co. (s-a)_
common
class
1
50c
Marathon Corp.,
Muskogee
Outboard
$1.62 >/2
preferred
1st
1
preferred (quar.) —
(quar.)
—
(quar.)—
Insurance Co. (Phila.)
(s-a)—
preferred
1st
5-
88c
6V2%
&
5-15
5%
3
5-
30c
Mining
6-
(quar.)
5-
3
5-
5-15
6-
common—
5-11
Light Heat 8c Power, Ltd.—
5-15
5-
5-15
6-15
59 3/8 c
preferred (quar.)
Otis Elevator Co., common,—.
6% preferred (quar.)__
Ottawa Car & Aircraft, Ltd
50c
5-15
50c
1
8
25c
(quar.)
(initial)__________
B'Gosh, Inc., common
Common
5-
4-20
20c
(quar.)
preferred
'■
5-18
5-10
t25c
preferred
Ottawa
12-15
t$ 1.75
A
Products,
(quar.)
12-31
5-25
(quar.)
common.
$1.50
5-38
6-11
15c
,
4-
9
7%
Oshkosh
6-15
12V2c
Ogilvie Flour Mills Co., Ltd., common (quar.)
7% preferred (quar.)
$1
6-30
37'/2C
1*
$1.62'/2
6l/2%
$2
5S15
Common
1*
Steel
5-11
75c
tl9c
preferred
1
87'/2c
________
Corporation
1
50c
:
Co.__
5%
1
.
5-
Ontario
9
6-
75c
Delaware
1
$1.50
(qkiar.)__
preferred
5-10
6-
,
(initial)-
6-
7>/2C
Gas Co.,
5-25
$1.50
12 Vic
8-
$1.25
pfd. (quar.)
(quar.
Natural
5-15
25c
Corp
6-
Southern
5-
$2
Lunkenheimer Co., 6/2%
Motor
Surety
$1.75
1
Nashville RR., new (initial)-—
Louisville 6c
Motor
Seaboard
(quar.)
AA
5-15
1
50c
of
Co.
$1
(quar.)_.
Corp.
25c
7%
5-18
$1,621/2
1
•
Long-Bell Lumber Co. (Mo.)
—
Lord & Taylor, 6% 1st preferred (quar.) —
Louisiana Ice & Electric Co. (s-a)_;
——
Midland
9
35c
1
Star Gas Co.—iv----—-—
Long Bell Lumber Co. (Md.)— '
$4 Class A common (accum.)
6/2%
6-
37]/2c
6-
—
(stock dividend)——
Inc.
5%
Oil
.
6-
„„————
5%
Seaboard
.
6-
$2
i
—
Meier
5-16
$3.50
(quar.),
5-
$2
(monthly)
5%
1
(s-a)
prior preferred
$4
1
6-
(quar.)
Scythes & Co., Ltd.
6-
71?/8c
preferred
$25c
—
(monthly)
Maxson
1
5
5-
6-
15c
Wall Board Corp., common
participating preferred (quar.)__
$2
5-15
t$1.50
;
(quar.)
Scotten Dillon Co
7-2
$25c
Common
Maui
$15c
5-15
Signode Steei Strapping, new com. (initial)-
—
Common
Lone
Ltd., common (quar.)
Distillers
~75c
O'Connor, Moffat & Co,—
6-
6-25
Silex
(initial)
$6.50 preferred
8-
1
Schumaker
to
preferred (quar.)_
25c
preferied (quar.)_.
preferred (quar.)
Loew's,
5-
5-15
$1
Eancorporation ______j
Leather, common (initial)
Nu-Enamel
5
7-
.
(quar.)
B
Lock Joint Pipe
8%
5-19
com.
(subject
$12/2c
8%
5-15
1
$2.50
tl2'/2C
Extra
Class
5-15
1
6-
_____
Co., 7%
Water,
preferred
$1.12%
Liquid Carbonic Corp., common (quar.)—
4'/a% preferred A (quar.)_
Loblaw Groceterias Co., Ltd., CI. A (quar.)_
1
6-
50c
(quar.)__
Norwalk Tire & Rubber Co., 7%
6-15
2
6-21
50c
6-
Northland Greyhound Lines, Inc.—
50c
Inc.—
Co.,
1
11-
—
—
(quar.)—
(quar.)—
common
preferred
6/2%
8-
30c
;
Quarterly
Lindsay Light 8c Chemical
Schenley
$1.25
(s-a)
Northwestern Public Service, 6% pfd. (quar.)
_—
Lincoln National Life Insurance
Link
$2.50
$2.25
$1.12/2
Northwestern
5-10
5-15
:
Savage Arms Corp
4
—
shares
Insurance
River
Northeastern
5-10
1
Light & Power Co.—
Pacific
100
North Carolina
75c
(quar.) —
common
1
6-
50c
—
6-
$1.25
preferred (quar.),
5%%
preferred (quar.)
5-15
:
7
5-
Seagrave Corp.,
__
approval of SEC)
5-14
25c
$1.25
50c
Railway Co.
of
each
6-11
50c
*
1
10c
6-
6%
4-16
5-15
.6-
$1.75
6-
(quar.)_
■
5-11
$2
(quar.)_
share
One
5
9-15
$1.50
pfd. D
Semi-annual
6-21
Co., adj. pfd. (quar.)
North American Co., common (stock div.)—
1
25c
7-31
$1.75
Western
&
for
69c
8-15
Norfolk & Western Ry
6-15
5-
5-28
50c
Norfolk
9
l
2
6-15
(quar.)
(irregular)
Mills
Nonquitt
1
Co.
$1.25
(quar.)
preferred
$5
1
5-
6-
;
Common
5-
7-
$1.12J/2
$2c
._——
Co.
5-15
1
10-
Joseph Water, 6% preferred (quar.)____
San Francisco Remedial Loan Assn. (s-a)__
Dock—•
preferred (quar.)
York Air Brake
5-14
6-
2
(quar.)
Dry
9-15
$1.75
50c
$5 convertible
5-15
6-
&
6-15
1
Shops
Joseph Lead
$1.25
(quar.)
1
10-
(quar.)
$1
Shipbuilding
News
5-28
25c
(quar.)-
(quar.)_
preferred
New
$20c
7-
Common
5-14
1
6-
—
Ltd.
(quar.)._
B
New
4
10c
& Myers Tobacco,
Class
5
8-
$1
7% preferred (quar.)
Libby McNeil & Libby—_
——
.
Libby-Owens-Ford Glass*^—_—
Liberty Aircraft Products__--_^------^a__-Liggett
5-
8-15
•
8%
Co., 5% preferred A
7-
$1.75
Steel
&
$1.50
(quar.)
6-15
$1.75
St.
Jersey Zinc Co
5-15
——_____——
Mines,
Corp.
Newberry (J. J.)
SI
Lexington Water,
Life Savers
Neptune
5-18
30c
(quar.)———
(interim)——
Lehigh Portland Cement Co., 4% preferred(quar.)
5-18
1
25c
Lehigh Coal & Navigation
Common
1
6-
Iron
25c
(quar.)_
preferred
1
(s-a)
$1.75
5%
Meter Co.,
6-
25c
preferred
$2(50
Power,
5-23
7-
$1.75
(quar.)
(quar.)
$1.25
preferred (quar.)_
25c
—;—
common—
7%
St.
5-28
25c
(s-a)
preferred
Saco-Lowell
5-18
6-15
6-
$1.75
Corp.^
Cotton__
6% preferred
Neiman-Marcus Co.,
1
6-
1
$1.25
7% pld. A (quar.)
6-15
Elec., 6%
preferred
Rustless
7-21
6-15
$1.12'/2
(quar.)
&
Rolland Paper Co.,
5-21
1
8-
15c
(irreg.)
pfd.
Nebraska
4
25c
Co., common (quar.)
Common
(quar.)
Common
(quar.)
Lane Bryant, Inc., common (quar.)
—
Special
—
—
Lansing Company (quar.)
__________
Lanston Monotype Machine Co—
——Laura Secord Candy Shops (quar.)__—
Le Tourneau (R. G.), Inc., com. (quar.)—_
Corp.
$4.50
4-30
Steam
5c
Machine
Co.,
Service
10c
—
4V2%
2c
Electric
&
1
'7-2
4-30
6%
Naumkeag
6-
5-11
6-11
Gas
preferred E
5-15
35c
4-25
25c
preferred
Rochester
5-31
Quarterly
6-21
8
5%
.
5-15
6-
8
6-
5-15
(quar.)
preferred (quar.)__.
2nd preferred (quar.)
7%
Welding Machine—
7-13
6-15
11-
4-25
35c
1st
75c
1
20c
—
1
6-14
12-
6-15
5-15
2nd preferred
$1.75
6-11
62/2c
Extra
Lanais
.____.
Paper 8c Type, 5% preferred
National Rubber Machinery
$5c
common-
common
National
10c
(quar.)
Inc.
Electric
4c
-
(quar.)—
(M. H.)
Lamston
Dairy
7%
30c
6-30
Manufacturing Co., common (quar.)_
1st
7%
8-10
15c
Inc.,i common
Products (quar.)
National
5-10
1
(quar.)
(quar.)
National
1
9-
15c
Co.,
preferred
6-
(quar.)
of Rec.
25c
com. (quar. interim)
interim)
(quar.
Payable
Rice-Stix Dry Goods Co.—
9
15o
(quar.)
preferred
Biscuit
5-
r-4
1
Rheem
7%
preferred
convertible
7%
to
$1
B
Class
Inc.—
preferred
5-10
Co.
preferred
$2.50
12-20
8c
'
Co.,
12-28
6-21
(quar.)
_-_
& Sessions
$1.50
2
Lakey Foundry & Machine (irreg.)__
Lamaque Gold Mines, Ltd
(interim)
Lamson
9-20
5-25
7-
25c
(quar.)—.
Kroger Grocery & Baking Co., common (quar.)
6% 1st preferred (quar.)___—_.
7% 2nd preferred (quar.)
.:—
(S. S.)
Kresge
9-28
National Casket Co.,
6-15
10c
$1.50
convertible
6%
1
5-
5-19
(quar.)
(quar.)
Holder*
When
Share
35c
Reynolds Spring Co
Reynolds (R. J.) Tobacco
6-21
Automotive Fibres,
National
5-10
1
6-
$1.13
Fund
6%
5-25
6-
(quar.)__.
6-28
convertible
6%
Per
Name of Company
of Reo.
$1.50
Chattanooga & St. Louis Ry
National
$1.50
—
1
;_4_
1
10c
87/2c
Extra
Nashville
37/2C
preferred
Knickerbocker
6-15
1
7-
Holdcrt
Payable
of America—
Chemical Co.
preferred
preferred
preferred
6%
5-
K^iiogg Switchboard & Supply (irreg..)
Participating
9-
5-21
Kearney & Trecker Corp
Kendall
9-15
12/2c
(quar.)
(Stock div.) (one share for each six held)
Gas,
6-15
15c
—
Kansas-Nebraska Natural
5%
6%
6-
15c
(quar.)
Common
5
15c
(quar.)
Share
Name of Company
of Rec.
Mutual
Parchment Co.—
Kalamazoo Vegetable
Common
When
Payable
When
rer
Holder»
Per
Share
Name oj Company
2037
(quar.)
(accum.)
& Canal Co.
Corp.,
$3
(accum.)
pfd.
—
7-
2
P-1«
$2.50
7-10
6-20
■7SC
F-ie»
F-
1
"68 % c
6-15
6-
1
2038
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Name of
Company
When
Share
H older t
Payable
Pennsylvania
There
4%
non-cumulative class A™.—.™™™
50c
6-15
non-cumulative class
50c
9-15
8-10
40c
6-
1
5-18
40c
6-20
A™™.-i.—
V
Quarterly
5-31*
40c
9-20
12-20
Mass.—V.
50c
U.
50c
6-26
6-
50c
6-15
5-31
S.
United
U.
States
Printing & Lithograph, com.,
Reclaiming Co., Inc.—
|
Rubber
S.
8%f prior
preferred
7-
8%, non-cumulative
1
1st
preferred
5- 4
Gross
7
6.4% preferred A *quar.i_
United.Wall Paper 6% prior
$2
6-11
6-
9
5-11
3-19
4-27
7-16
7-
$1.25
Universal
Consolidated
Universal
Insurance Co.
(quar.)_
Universal
Laboratories,
$2.50
Utah
Radio
Products
Utica Knitting Co,—
5%
25c
62'/2C
6-12
10c
7-30
prior preferred
62 %c
7- 2
f'
preferred
5-18
6-
1
Total
9-
1
Gas
12-10
12-
$1
(quar.)
1
77c
preferred
(quar.)
77c preferred (quar.)
Warner Aircraft Corp.-—Warner &
Swasey
$20c
6-11
5-10
6-15
2
$1.75
I-2-46
preferred
Wesson
$4
preferred
Electric
preferred
1,637,540
2,458,274
2,104,592
7 7,517,201
5,760,609
$1,660,251
$1,498,147
$5,563,568
$5,415,334
Operating income "77
Total
Co., 67c
$1,926,428
696,431
1,065,974
1,013,826
$1,761,649
$6,629,542
$6,429,160
765,126
3,331,190
3,017,469
'
possible
later
$1,229,998
$996,522
$3,411,692
$3,298,352
ahead
8-11
5-16
1
-V.
outstanding
161,
$1.87
$1.52
$5.20
$5.03
6-12
66-
2
5-15
first
of
has called for
company
57o
gold bonds,
Water Service
mortgage
Oregon-Washington
4-16
101
$1.75
5-15
4-16
25c
6-14
6-
of' the
City of New York,
York, N. Y.—V. 160, p. 2188.
$1.50
pfd. (quar.)
—;
—
$1.12 Va
>
4
5-15
(Chas.)
(quar.) —'——,,™——
75c
8-15
8-
(quar,
75c
11-15
(quar.)
75c
Gross
Cost
5-15
5-
•Provision
Selling,
8-15
8-
$1.25
II-15
less
returns
be made at
The
trustee,
successor
Chase
Gross
2-
25C
6-15
5-29
5-
5-29
5-
8
preferred
tOther
5-15
4-30
administrative
5-10
Excess
6-
1
5-
1
4-16
8-
1
7-16
8-
1
7-16
6-11
$1.50
$1.50
$1.50
$1
Common
$1.50
Crampton
11-
Wisconsin
Industries,
Woolworth
(F.
Co.
4%7c
conv.
prior
preferred
(quar.)—
1944
$5,199,216
3,038,524
268,500
193,700
—„
399,846
Young (L. A.) Spring & Wire
emergency
10-15
—V.
6-15
5-26
6-15
6-
Jamaica
income
♦Transfer books not closed
resident
in
tax,
1
6-
1
$1.12'/a
6-15
50c
6-
$3,121,795
1
There
Canadian
15%;
resident tax,
tax
7%
6-15
a
.
Less
6-
7-
1
6-
.'v:
'
Admin,,
Net
9
at
the
page
161.
1099.
p.
500,000
on
facilities.
Net
I945
from
railwayrailway-™
from
ry.
—
oper.
$553,352
have
British
income
tax.
"(Including
called
for
for
ry,
oper.
income.
excess
Gross
1944
provision for
redemption
June
on
for
15,
Period End. Mar. 31—
next,
$1,165,000
fr.
1945
*1944
43,920,188
8,331,831
8,301,467
8,790,418
1944
12,148,584
9,359,852
21,544.657
26,326,810
1945—Month—1944
$
revs
88,309,783
85,211,098
65,541,097
63,923,085
ry.
6,800,223
1943
1942
$78,754,985 $60,957,895
21,757,651
1,836,207
8,655,878
4,783,122
22,864,783
10,495,077
4,658,045
$24,264,125 $22,855,467
_n.
7,454,715
$17,173,044 $15,400,752
preferred
on
stocks
per
share
common
2,168,768
common
Weekly Output—
stocks™—
(8,160,317
2,168,768
$15,004,276 $13,231,984
shares)
$1.54
The
week
of
State
&
$
>
.r
1
e¬
*
-
68,505,978
121,753,165
88,956,425
49,617,049
12,708,831
9,129,514
8,581,315
888,274
$839,967
expenses
—
plan
747,543
512,255
—
►1.105,776
17.469,692
8,689,584
251,238
407,687
409,480
17,877,379
418,112
9,099,064
651,685
147,122
43,848
22,108
1,986,500
4,400,000
800,000
875,400
9,055,710
927,100
8,143,200
384,000
371,550
fees
tax—2™.—:_™
income
**Income
tax
taxes
for
tax
profits
excess
3,276
taxes:
prof,
exc.
income
of prior years
contingencies——
transferred
Profit
Dividends
paid
*
871,510
4,281,673
130,855
Crl72,547
220,350
ZZII
3,938,455
3,573,569
2,209,992
1,646,572
electric
ended
to
1,372,143
1,029,107,
$2.87
loss
*Net
$2.60
share——
inventories
on
proiit-sharing
rendered
production.
civilian
of
surplus—^
—
Earnings per common
meio
;
plan,
valueless
JIncludes
on
$264,507
$1.61'
account
of
of
$1.33
provisions
the
of
paid as part of
Internal
Revenue
Code.
.
>
Consolidated Balance Sheet, Dec.
output
April 28,
this
for
company
and
its
Assets—
Cash
1944
banks
in
Investment
for
the
amounted to 528,705,000 kwh., an increase
the corresponding week of last year.—
19a5,
over
/ •;/--''
and
in
U.
/[vV '•
^
JNotes
and
accounts
contracts
2,654,652
755,617'
—^
contracts,
(estimated)
receivable,
trade_-_™___
2,456,355
23,506
y
and
amounts
consolidated-
not
Post-war refund of
,
126~89G
175,056
profits tax„_2,353,252
excess
machinery and equipment—
patent expenses, net of amort.—
charges .to future operations—
1,380,541
3,307,932
and
Deferred
1,585,137
years——.—207,750
investments—
and
12 Mos. End. Mar. 31—...
Gross
revenues
1945—3 Mos.—1944
$
$
239,630,044 244,945,248
188,948,947 185,991,515
22,768,686
7,473.000
21,288,016
50,681,097
58,953,733
8,666,276
1,114.733
20,101,000
3,260,012
23,311,903
1,116,707
3,256,520
1,209,782
1,207,696
3,531,875
3,529,189
710,721
974,550
1,827,125
2,302,999
190,900
187,743
604,165
615,823
12,067,576
9,137,018
21,356,920
25,937,299
1944
1943
$2,919,376
-
$2,761,661
3,301,820
384,138
328,942
291,708
'
,
307,221
'
Total
$63,066,033 $58,236,664
—
""1942
$2,743,587
Liabilities—
Notes
All
/
taxes
1,235,024
1,097,270
1,088,145
541,619 v4',:, 315,035
550,683
—
Net
income
Other
Bal.
L
$1,160,117
$1,280,488
charges—-
551,409
Crl0,742
552,908
Cr36,864
__
—
deductions
avail,
for
,
divs
7
maintenance
$619,450
and
-
$1,358,481
550.299
>
or
168,818
$1,523,954
538,875
•
46,085
111,688
$ 762,097
$764,444
retirement
1,050,816
•
$873,391
-
depreciation.
Sheet, March 31, 1945
7
Assets—Fixed
capital, $29,127,585; cash, $1,764,341; U. S. Govern¬
securities, $1,211,269; accounts receivable,
$141,104; materials
and
supplies, $113,950; other current assets, $195,111; prepayments,
$25,473; unamortized discount, expense and call premium on retired
bonds, $243,721; unamortized expense on outstanding funded debt,
$151,135; unamortized costs of past service benefits—employees' re¬
income
plan,
$68,695;
undistributed
debits,
$18,265;
payable,
Provision
for. renegotiation refund——————
commisisons,
payroll
and
incentive
payable,
Accrued
™__t__——_
Federal
to
war
and
State
customers
(
taxesj_7i:-___-_i,;t
204,482 ,7
331,132
,1,986,500
4,400,000
•7/
;7.
——
—
for
for
warranty oh
Govt,
for
Capital
stock
Capital
53,637
35,656
84,766
•
1
766,827
120,380
surplus
1,000,000
$3)—™i™„—L_7_
;
4,116,429
121,102
;
779,650
4,116,429
™——_
total,
4,535,999
4,535,999
14,004,862
—
Surplus
25,717
308,569
866,376
contingencies,^—_J —7—
(par
89,457
232,390
contracts——
income
Reserve
432,151'
89,089
—
refrigerator guaranty———
Reserve
699,934'
'- 3,310,309
413,488
7
bond accounts—™——,..
liabilities
Reserve
Defrered
651,382
1,533,464
..
accrued)™___——_
accruals—™——
expense
Miscellaneous
,
subsidiaries not consolidated
compensation;
"Accrued
Allowances
Other
$25,000,000 $15,000,000
8,221,899
11,521,645
—
Employee
'/.
ment
tirement
Accounts
banks, V-loan———
payable, trade—
Accounts
♦Operation
11,712,978
$33,060,650,
Liabilities—Preferred
stock, $3,200,000; common stock, $2,500,000;
mortgage bonds 3V*% series due 1971, $16,375,000; serial notes
subsequent to 3-31-46, $750,000; serial notes due prior to 3-31-46,
$150,000; consumers' deposits, $20,484; other current liabilities, $25,736;
first
due
main
income.
1886.
1945
$2,945,824
extension
interest,
mium
on
deposits, $254,771; accrued taxes, $481,585; accrued
$134,614; 'other accrued liabilities, $34,695; unamortized pre¬
outstanding funded debt, $770,606;
reserves,
$4,205,521; capi-
Total
•Net
—
—
United
of
$8,086,017.
$14,072,863,
and
—$63,066,033 $58,236,664
—
States
+Net of
tax
voluntary
notes:
price
and
1943,
uncollectible
§After
$11,433,617.
1944.
$10,900,000.
and
1943,
adjustment credit balances: 1944,
"After reserve for credits, allow¬
accounts (1944,
$414,771, and 1943,
depreciation of $2,023,215 in 1944 and
$1,818,255 in 1943.—V. 161, p. 1886.
ances
$392,522).
notes
reserves
and
for
,
subsidi-
buildings,
License
325,264
22,462,399:
——824,925
of prior
taxes
advances
from
due
1,469,795
18,223,670
——*.™
in
8,602,473
2,786,638
receivable, subsidiary not consolidated
Investment
1,798.521
unsettled
Inventories
§Land,
;
;
war
war,
claims
termination
notes and
tax
—
receivable,
1943
$28,583,600 $16,584,889
bonds; and
receivable,
Accounts
hand
on
S.
interest
accrued
(Accounts
Accounts
aries,
subsidiaries
,
31
(Including Wholly-Owned Domestic Subsidiaries)
Refundable income
--V
the,
contributions
incentive compensation under,
shareholders' resolution of May 27, 1940.
§Net of post-war refund:
1944, $1,004,560;
1943, $904,800, and 1942, $475,741.
Ulncludes net,
available profit
of subsidiary not consolidated; 1944, $17,509; 1943,
$11,758,
and
1942,
$37,816.
""Refundable under the "carry-baek"*
Miscellaneous
2,105,000 kwh., or 1.7%
161. P. 1836.
V.
:
,
Balance
taxes..
oper.
1942
$
—
inc.
for
SFederal
■,
7,091,081
income
•Includes
Equip, rents (Dr bal.)__
161, p.
selling
commitment
and
Federal
1,922,022
3,852,266
15,717,345
Jt. facil. rents (Dr bal.)
Net ry.
1943
inventories—
4,804,925
♦Figures applicable to 1943 have been restated and adjusted
tax.
oper.
taxes™,_____
Unemployment ins.
—V.
Subsidiaries)
152,933,250 116,395,598
loss on
8,317,747
profits-
income
Earnings
Company only—
exps
Railroad 'retire,
&
■
Calendar Years
•
*
profit-sharing
Prov.
to
46,003,555
—
Balance available for
2004)
$88,151,656 $85,047,568
22,835,232
21,494,671
$
rev.
and
future,
near
Domestic
reiund
amortization' of
$99,878,625 $94,779,861
local
(Excludes L. I. RR. and B. <fc E. RR.)
Net
the
17,086,675
contingencies, $150,000.
deductions
Dividends
Earnings of Regional System—
Railway
for
deductions
$0.88
—
Federal
and
Interest
income—
Railway oper.
Railway oper.
in
taxes:
income
Net
railway™- 239.173,029 244,516,270 220,818,357 168,152,353
railway-,
50,829,698
59,304,175
58,689,725
39,639,944
from
Net
of the war,
according, to
Commission
early
this
year
Account
Wholly-Owned
to
Provision
been
Other
from
Net
Income
Miscellaneous
$443,100
$1.10
™—„
shares-.,
1945 and $70,000 in
Non¬
From Jan. 1—
Gross
general
Interest
598,500
:
Philadelphia Suburban Water Co.—Earnings—
Pennsylavania RR.- -Earnings of
Net
may
to-go *
•
March—
Gross
ready
16,835,437
1886.
p.
Federal
tax.
source.
surtax, $50,091; first mortgage bonds, due J 953, 3(4% series, $3,250,000;
reserve
for
self
insurance
(workmen's compensation),
$245,297;
$7
cumulative convertible preferred stock (121,200
shares, stated as $25),
$3,030,000; common stock (400,000 shares, no par), $400,000; capital
surplus,
$951,936;
earned
surplus,
$2,739,821;
total,
$10,989,265.—
V.
—
Federal
'
7--:
Investment News
(Continued from
is
future
expected
arc
([Other income
330,000
2,026,800
Operating revenues and other utility income
Operating expenses, including maintenance
Provision for depreciation
'
and
/
it
end
the
303,659
240,000
—
credit—
12 Months Ended March 31—
1
Income
.
surtax
postwar
Philadelphia Electric Co. (& Subs.)—Earnings
5-19
non-residents'
deductible
301,642
and
less
V
6-15
dividend.
Canadian
;
tax
State
funds,
allocations
sold
goods
stoppage
5-19
50c
;
this
developed
Stales."
$1,675,259
31/z7c debentures due June 15, 1952, at 103 and interest.
Payment will be made at the office of J. P, Morgan <te Co. Incorporated,
sinking fund agent, 23 Wall Street, New York, N. Y.—V. 161, p. 1432.
1
25c:
$1,371/2
for
the
decisions
Incentive compensation
37,533
of convertible
6-20
6-
tax.
United
Phelps Dodge Corp.—Calls $1,165,000 of Bonds-
4-20
6-
common——
tPayable in U. S. funds, less 15%
tPayable
-
161,
Provision
xLess 30%
offering^
of television, and it set'"
spectrum
for commercial
service
to
the
of the Commission as to television and
as
contracts
war
of
/ Contrib.
4-28
6-15
(quar.)
Youngstown Sheet & Tube. Co.,
5J/27o preferred (quar.)—
the
at
to
has
Philco
the
point where
329,266
76,478
share
per
10-15
37'/2C"
_
in
final
the
$1,637,726
income
1
$1,121/2
I
common
channels
frequency
on
$3,045,316
•Including $150,000 in
5-15
.
.
Wrigley (Wm.), Jr., Co.,
Net
Earnings
40c
(quar.)
Worthington Pump & Machinery, common.,
4 V2 %
prior preferred (quar.)————
basis
that
across
to
Communications
Renegotiation
25c
:i\
(s-a)
Inc.—
W.)
income
15c
Corp.
industries
new
1944
Cost
3,948,962
—
profits tax,
7C
Corp
Bankshares
5-29
1
$1
&
Woodall
v
11-
Extra
Winters
Federal
(Including
5-11
40c
—————
technique
networks
Consolidated
7v7.':k,;,
expenses-.
deductions
Normal
5-15
Common
The
New
$7,662,624
allowances
income
Gross
30c
—
Williamsport Water, $6 preferred (quar,)___
Winsted Hosiery Co., common
(quar.),
the
.
advanced
now
commercial
The
of
operations.™™—™™
profit from
income
10c
Candle—
../V''
of
one
8
$1
Other
•yi 5-15
$1
common
Weston Electrical Instrument Corp. (reduced)
White (S. S.) Dental Mfg. Co. (quar.)
Baumer
as
11-
2-15- 46
$1.25
Will
&
Television
television
in
television
a
Bank
Street,
a
equipments with a value of several
these equipments were produced on, a
the largest supplier of one of the most
was
recommendations
at
1945
and
sold, excl. depreciation
for depreciation
and
equip¬
Philco plans to be ready to offer moderately-priced television receiving
sets
to
the public within
a
few months after the war.
: •
$558,000
National
Broad
11
goods
general
radio
$
Payment will
S—
Pfizer & Co., Inc.—Earnings
sales,
of
2-
$1.25
±
•
2-15- 46
$1.25
1945,
series A, due June 1, 1957,
Co.
(predecessor
company),
Quarter Ended March 31—
11-
Common
57cpreferred A (Initial quar.)
5% preferred A (quar.)
57c preferred A (quar.)
5% preferred A (quar.)—
Westinghou.se Air Brake Co.—
interest.
June 29,
on
•>
-
of radar and
sales, net of voluntary adjustments
5-15
75C
and
redemption
seven,,
aircraft
each.-V All
has
The
12
other
The
2
6-12
on
public.
5-15
50c
complete
and Philco
to
Its
aside
1661.
p.
5-16
6-
stock
$16,195,600
only
from small precision devices costing only
way
and practical.
lead
Television
1
—
Mfg.,
v.
7; 8-15
Common
participating
263,501
to
for
Production
produced 36 major types
„.
-
266,178
Peoples Water & Gas Co.—Partial Redemption—
(quar.)-—__—
(Initial com.) (quar.)—
&
income
$14,272,800
requirements
opportunities increased notably in 1944," the report
continues/
"Philco has just completed the world's first multiple-relay
television network which links Washington,. D. C., with
Philadelphia
for television programs.
Designed and built by Philco engineers,
this network
gives scientific proof that the transmission of a tele¬
vision
picture over long distances by a series of wireless relays is
issued
6- 1
to
from
the
rates.
present
the
all
interest
Philco..;
Pacific RR.
Westinghouse Electric
other
to
amount
post-war
6-15
$i
at
dollars
"Public
6-15
™,„-
(s-a)
(quar.)—.
preferred
7
5-15
5c
(quar.)
for
'
.
■
i
-
great
-
1
Common
7%
3,807,689
1,595,957
1
Virginia Coal & Coke
West Virginia Pulp & Paper—
4l/27c
3,877,094
461,307
1
6-
.
Philco
basis,
6-
10c
reported
income
Important micro-wave radar equipments tor both the Army and Navy.'*.
7-
West
Western
3,023,633
1,027,875
volume
1,198,260 7 1,174,577
3,020,933;
/thousand
7-
t$1.75
■
r.
•
dollars
few
1,038,651
50c
—
as
communications equipment,: quartz
crystals,
artillery fuses, rocket projectiles, industrial stor¬
equipment.
,
-
inventories
ranging
$2.50
/.
share,
per
office
production
$1.50
.
.—
■
1944
ment
8,614,069
269.422
"
549,752 v
4-25
75c
77o
2,012,466
8,144,847
1,028,002
Co., Inc.—
preferred
7
312,589
5-18
5-10
1:411,009
1,343,677
2,102,180
753,448
:
4-25
Co.——
West Indies Sugar Corp.
West Penn
2,210,945
4-14
(s-a)
common—-—.
Oil & Snowdrift
convertible
I
$1.25
Wellington Fire Insurance Co
Wellman Engineering
Extra
6-
year.
weeks'
10,079,880
537,083
358,821 ;
568,901
5
5- I
,
10,144,866
765,801
4-27
$2.87
or
or $2.60 per share in 1943.
for 1944 with the Price Ad¬
were
shot,
and
Working capital of Philco increased
"In
2,545,745
5-15
%
5-10
50c
37 Vac
i
(s-a)——
1
$1.12V2
,
—
Washington Ry. & Elec., 57c
Wayne Knitting Mills
5- 8
6-
5-
5-15
20c
i
—
common (quar.)
(quar.)
(quar.)_
preferred
10c
25c
-™—
—
radar
batteries
age
$12,387,638 $11,658,621 $43,817,413 $42,564,448
12-15
(initial)————-
$3,938,455,
held
largest producers of airborne radar equip-*
"The use of radar both as an oifensive and
Radar
9-15
-———-
to
armor-piercing
179,035,009
Current
6-15
1
to
$3,573,569,
been
weapon
continued to increase in 1944 and, in response to
and Navy, the company completed more research
development work and produced far more equipment than in any
previous year.'*. ;The most important war-time Philco products, in
109,493,770 109,081,738 412,753,086 427,735,578
5-U
7-
with
and
in
5-11
6-15
the
of
one
mtnt,";the report states.
Pipeline
Maintenance
t$i
10-
(S. D.) Co.—
$4.50 preferred
6%
173,588,898
Operation
t25c
—
Washington Gas Light Co.,
$5
36,466,375
7-165-15
$1.75
compared
as
points cut.
reports
is
addition
:Y--- v/'v:
v
28,310,072
2,551,135
1
Co.——___™———
Warren Petroleum Corp.
Warren
Gas
1
$1.75
amounted
1944
purchased from—
Natural
8-
—-—™~
(quar.)
Watch, 77c preferred
1945—12 Mos.—1944
:'-'V*''
service.
revenues—
6-
(quar.)——
preferred
Waltham
'
v
;
237,043,057 234,726,009 928,491,312 925,410,258
oper.
15c
——-
in
the
year,
"Philco
342,149,328 318,639,671
Gooderham & Worts, Ltd.—
(H.)
Common
•,
89,177,896
sales
gas
37J/*c
™,
the
•v
281,989
(quar.)
Manufacturing Corp,™-—™
Waite Amulet Mines, Ltd. (quar.)——™—
Walker
*542,377
99,239,215
5-21
1
6-
$1
*310,184
work,
31%,
justment Board of the Navy Department, and the earnings
reflect provision for final renegotiation, of the
company's
last
6- 9
™-,,
*560,660
1945—3 Mos.—1944
■
utilities
gas
Total
9-10
Vogt
;
Other
$1.75
—
*72,708
;
serv.
therms
(quar.).™.
preferred
therms:
customers'
12-22
2
6-
$1.75
Virginia Coal & Iron Co, (quar.)
Virginian Railway—
6%
sales 'in
Gen.
$1.75
(quar.)—
7% preferred
Period End. Mar. 31—
Gas
6-21
1-2-46
Vapor Car Heating Co., Inc.—
77c preferred (quar.)
77c
1
6-
7-20
,
62j/2C
75c
1,599,968
100,289
after voluntary price reduce'
Navy
of
the needs of the Army
Interruptible
(quar.).
2,192,071
.
income
after all taxes, as compared with
Renegotiation conferences have
Peoples Gas Light & Coke Co. (& Subs.) —Earnings—
;
5% prior preferred (quar.)
Vanadium-Alloys Steel
2,160,696
*20,264
/7"7'
from
and
increase
an
according to the annual
by John
Ballantyne, President, and Larry E. Gubb,
7-:..
signed
Net
■
Army
on
1943,
/ defensive
5-15
1
6-
(quar.),.:
pfd.
*166,142
railway.,,, 2,328,719
railway
65,118
Net ry. oper. income™
*493,900
"Deficit.—V. 161, p. 1548.
:
4-30
(quar.)——___-■
Co.
*103,360
,
;
5-22
5-15
50c
Oil Co,.—
*172,072
'"67,666
in
Chairman.
*2,295
from
Net
2
1
6-
$1.50
(quar.),.
47,520
$17,917,736
$116,395,598
1942
$575,002
5-26
6-11 >
40c
™„,™,„,
pfd.
1943
$809,491
23,772
ry. oper. income—•
From Jan. 1—
■>!"'
5-21
$1
$1.75
1944
$775,622
140,024
amounted to $152,933,250,
1944
of
Up 31% in 1944—Earn.
Share—
per
Sales in
report
$902,821
railway.™
railway
Net
;
—-
Corp., common™,™,
7% preferred (quar.)—,——
U. S. Sugar, $5 preferred (quar.),™—™„,
Philco Corp.—War Production
$2.87
tions
1945
from
from
total, $33,060,650.
,
,
March—
Gross
5-10
50c
Steel
1886...
p.
surplus, $1,448,704; corporate surplus, $2,708,934;
161, p. 1548.
v
;
—V.
Pennsylvania-Reading: Seashore Lines—Earnings—
6-15
1
United States Rubber Co,—
United States
Redemption
,
Net
(accum.)—.™_„.™«.
Corp.—Partial
11-30*
Quarterly
U. S. Playing Card Co.
(quar,)-™™,.
Potash 'Co™..,.™.™™
161,
8-31*
40c
—
Sand
been called for redemption on June 1, next, at 102 and
$100,000 of first mortgage 3%%
sinking fund bonds due
June 1, I960.
Payment will be made at the offices of Brown Brothers
Harriman & Co., fiscal agent, at 1531 Walnut Street, Philadelphia, Pa.;
59 Wall Street, New York, N. Y., or 10 Post Office Square, Boston,
have
interest,
5-10
4%
U. S. Hoffman Machinery (irreg.),,™™..—
U. S. Pipe & Foundry (quar.),,
—.™
Glass
of Rec.
U. S. Casualty Co.—
Monday, May 7, 1945
tal
,
Volume
contingencies,
Pittsburgh Shawmut & Northern RR.—Earnings—
March—
Gross
from
Net
ry.
wet
from
from
Net
ry.
$115,801
$141,126
16,132
33,113
3,952
19,049
20,429
303,914
347,149
364,457
380,879
16,767
40,997
31,476
non-detachable
the
of
case
preferred stock, 5%
42,213
Income
33,710
*24,669
,
2,662
Statement
Calendar
for
series.
Years
Cost
27,011,826
profit
$5,139,G55
$6,863,724
97,163
72,657
has
called
redemption
for
June
on
of first mortgage 4V2&
bonds, due Dec. 1, 1950, at 102Vt and
$63,000 Of first mortgage 4>/i% bonds, series B, due Dec." 1,
and
102'/2
series
due
C,
made
interest,
Dec.
1,
at
1950,
Chemical
the
at
and' $110,000
Bank
York, N. Y^—V.
&
General,
100
Trust
Rayonier, Inc.—Arranges $9,000,000 Loan—
1944
1,787
467,532
19,482
172,590
4,256,402
1,379,130
126,504
65,000
360,489
58,400
from
$753,347
$602,160
$597,083
$942,569
219,202
252,184
156,236
147,660
income
oper.
704,703
Proceeds
322,864
tax
prof,
exc,
&
renegotiation
and
refund
debt
( 1,696,766
retire.
income
^
:
•
160,550.
—
taxes....,
22,000
$443,198
Combined
149,436
.
of
Earns,
125,486
Net
from
.J,.
785,856
584,062
Net
fy.'oper. income...
635,322
441,544
net
sub.
quisition
1,302,189
449,049
382,313
416,632
—V.
railway....
2,054,644
1,755,312
railway
161, p.
1548.
■
profit
;
to
prior
__
date of
tories,
Porter Co„ Inc.—Stocks Offered—A group of
purchase warrants attached, and 45,000 shares of com¬
stock ($5 par).;
The preferred stock was offered
at $50 plus accrued div. from April 1, and the common
stock at $9.50.
The common stock offering does not
constitute new financing.
Reliable
History
Business—Company
and
the manufacture
countries
payable
-
in
used
for
the
switching
and
subsidiaries are engaged
road
freight
service,
cars,
chilled
Capitalization
"...
..
.
stock
pref.
Cumul.
Giving
After
Effect
to
Total
series,
($100
employees
par)
($5
cast-
bankers,
$2,636,344;
liabilities,
war
Credit
v2Vi%
.,>
Net
Banks and Bankers
;
V ;
•
March
to
of
estimated
are
^
be
remaining
to
all of the 7,828 outstanding shares
at $107 per share (including a sum
the
date), )
redemption
net
proceeds,
of
v
'
11
reduction
for
'
the
50,000
shares
name
of
each
underwriter
Pfd. Shs.
Co.—...
Scott
772..
P.
for
&
Co.
Kidder
Moran
&
Ohio
Otis
&
Singer,
and
the
Com. Shs. •Com. Shs.
Straus
&
has
called
<fe
income
and
———w-
$
■to
$
'
1
&
profit
inherent
Post-war
174,000
250,000
802,526
391,405
915,000
290,000
3,850,000
340,000
.
14,500,000
14,922,786
Crl,450,000 Cr1,492,279
tax
refund
war-time
50,581,944
44,096,883
369,659,246 278,331,455
surtax—
10,793,021
t 9,505
48,699,438
*1,882,506
369,593,425 278,185,169
65,821
146,286
for .indeterminate
Prov.
-
351,217,756 260,088,019
expenses
tax
Post-war
„
Cr385,000
v
in
]
1,000,000
operations.
readjusts, and
1,450,000
1,492,279
1,000,000
t3,691,490
2,146,650
1,105,061
491,203
245,602
contingencies
Hano
$8,329,991
local
Federal
,
"
.
/
:
common
shares
Net
•
:
$1,412,697
27,929
.
$1,440,626
643,445
deducts.
income..!.—
Net
—v.
■
161, p.
Electric
tion
4,000
5.000
2,500
1,500
1,000
may
4,000
2,000
1,200
800
250
500
500
250
150
100
be purchased.
to sell to Blair & Co., Inc., one of the under¬
writers, at a price of five cents per warrant to purchase one share,
non-transfcrrable
stock purchase warrants evidencing the right to
also agrees
aggregate of 10,000 shares of the company's authorized
common
stock.
The prices at which and the periods during which
shares of common stock may be purchased upon exercise of these
separate warrants, and the provisions for the adjustment of the
purchase price and of the number of shares purchasable in certain
with
together
the
an
related
a
for
reserve
contracts
war
the
for
1942
year
188,986,000 kwh.
161, p.
Balance
to
banks
in
Assets—Cash
restricted
U.
on
use
3 Mos. End. Mar. 31—
2,199,641
prepaid
$226,436;
reserve
2,140,425
refund of
war
$1,334,102
620,749
$5,517,972
2,559,300
$5,697,186
2,875,904
$713,353
$2,958,672
$2,821,281
■.1
excess
payroll
87,793
taxes
accrued
etc.,
come),
U.
—
dividends..—
dividends
—
S.
surplus
•Gross
:
withholding
insurance,
wages,
advances
$5,119,562:
$54,868,264;
Government,
contingencies,
1943
1944
$187,505
119,168
15,855
21,200
2,310,
$178,826
118,929
4,217
19,050
3,030
10,542
9,000
"
Int.
$3,942,279;
after mln.
funded
on
Deprec.
common
t26.049
157,299
$14,058
140,447
$13,972
198,991
-
$154,505
$212,963
12,770
13,863
13,943
and
income
profits
cess
interest
provision
earned
—1
—
13,512
$173,887
$141,735
m
$199,100
Net
$982,406;
545,781
earned
1944
1943
1942
$16,946,482 $27,035,170 $27,443,492
760,501
933,378
1,022,208
3,704,322.
4,688,195
4,244,370
4,985,235
11,175,000
9,725,000
17,450,000
18,000i000
$3,084,548
5,669,922
$0.46
$2,216,611
$3,666,567
$4,716,962
5,669,922
5,669,922
5,670,628
$0.30
$0.56
$0,74
ex-
taxes.
profit
Earns,
shares outstdg.
per
161,
.<
share.
com.
%
1028.
p,
Fredericksburg &
from
in Federal taxes.
Consolidated Balance
Sheet, March 31,
Net
from
ry.
and on hand, including cash items, $263,605;
at cost, $30,100; instalment notes receivable
doubtful notes of $135,723), $2,632,568; deposits,
$385; cash value, life insurance, $6,073; estimated refunds of Federal
income
and
excess
profits taxes, due to
carry-back provisions of
Revenue Act, $20,549; deferred charges, $62,562; furniture and fixtures,
at cost (.after depreciation), $41,650; total, $3,057,493.
railway
1944
$3,321,603
1,540,134
1942
$2,077,059
1.105,062
460,023
1943
187,919
9,640,918
4,309,457
5,366,816
9,018,313
5,424,62 3
5,390,408
2,679-542
569,821
868,103
1,101,632
1,085,345
income...
oper.
$3,129,426
1,795,297
472,451
1,935,249
283,049
8,984,221
railway.—
From Jan. 1—
Gross
Net
from
from
Net ry.
1945
Potomac. RR.—Earnings
1945
$3,123,235
March—
Gross
$197,289
include only interest actually received; accrued
but not collected is not included,
tlncludes $5,000
for increase
par),
"
$224,745
12,754
($1
$30,665
194,080
$186,642
stock
1945
int... $19,493,524
debt_^_
depletion..
and
Federal
Common
15,000
cost-plus-a-fixed-fee contracts,
for Federal income and
on
provision
Republic Steel Corp. (& Subs.)—Earnings—
Profit
1942
$194,858
104,543
14,300
17,550
1,750
$26,390,748;
taxes, war bond purchases, etc.,
taxes (other than Fedexal -in¬
surplus, $6,151,662; total, $114,761,796.—V. 161, p. 1359,
(& Subs.)—Earnings—
earnings
-
S,
profits taxes, $14,897,230; provision for refund of 1943 profits
under Renegotiation Act, $879,304; provision
for indeterminate losses
inherent in war-time operations, $1,000,000; deferred income (portion
of
fees
accrued
under
cost-plus-a-fixed-fee contracts applicable to
undelivered items), $910,950; reserve for post-war readjustments and
Net
Earned
U.
excess
Service Corp.—Output—
$29,343
surplus
surplus
banks
profits tax, $3,327,279; patents and patent rights,
for
deductions
$619,391;
Richmond
Total
in
etc., at the lower of cost
insurance and other expenses,
taxes,
Liabilities—Liability to subcontractors and vendors, etc.,
$5,609,392
z.
„...
earned
Previous
cash
$12,512,879;
contracts,
$1; total, $114,761,796.
$5,410,449
107,523
9.921
16,000
debentures.
income
1944
$16,336,366;
land
($44,151), buildings and machinery, at cost (after
for depreciation and amortization of $760,919), $663,328; post¬
3,216,545
—V.
Net
31,
hand,
$6,167,059; inventories of supplies,
market,
or
,
$1,311,638
22,464
1945
intangibles
Prov. for Fed. inc.
On
Government
savings notes, series C, at cost plus accrued interest, $15,-.
051,575; unreimbursed costs and fees on cost-plus-a-fixed-fee contracts
with U. S. Government (less reserve of $2,600,000), $60,355,491; ac¬
counts receivable (principally price reductions
by subcontractors and
1886.
$205,104
126,434
5,498
17,908
earnings
Operating expenses
Interest paid —!
Prov. tor dbtfl. notes—
on
Sheet, Dec.
and
S.
Treasury
for the corresponding week last year,
Railroad Employees' Corp.
of
under
completed and it was found by
that no excessive profits
were
realized.
3 Mos. End. Mar. 31—
Amort,
in the appropriation to
and contingencies.
of $351,721
reduction
post-war readjustments
Department Price Adjustment Board
had been
operating
of 4.4%.—V.
increase
year-1944
During the year 1943 renegotiation proceedings covering sales
companies served by this corpora¬
ended April 28. 1945, totaled 197,311,000 kwh., as
week
compared with
100
250
2,000
used
6,941,153
,,
!■■:!•''•:
of the
output
2,277,412
for the
sales, no renegotiation refund will be payable for 1944 and no pro¬
vision, therefore, has been made.
As a result of renegotiation pro¬
ceedings for the year 1943 billings on Government fixed-price-con¬
tracts were reduced by. $4 396,518 which, after application of delated
excess
profits tax of $3,517,214 and post-war refund of4 excess profits
tax of $351,721 reduced net income for the year by $1,231,025.
The
statement of income for 1943 has been adjusted to reflect the foregoing
The charge
Redemption—
500
5,000
basis
Act
in
1945—12 Mos.—1944
595,034
1,845,847
I '
$797,181
1662..
the
for
800
...
an
.
Public. Utility Engineering &
-
.
4,000
—_
the
Renegotiation
the
under
been started, those for the years 1943 and 1942 were
March, 1945, and December, 1943, respectively.
If the
in the determination of the 1943 refund is applied to 1944
yet
concluded
—
(net)—
other
and
756,086
624,887
•"')■
income!./!—!._
Gross
Int.
income
operating
Common
2,000
not
income under contract
$1,812,266
Note—Proceedings
have
$7,749,762 $31,175,598 $28,774,398
613,503
1,851,519
2,550,994
401,057
1,448,087
1,399,998
1,974,047
8,591,185
7,576,997
313,683
1,700,489
1,378,006
694,949
2,955,300
2,702,395
2,064,000
taxes..--
Other income
250
.*/
if
781,119
for furnishing engineer¬
ing ad production data, etc.
tBefore provision for refund of 1943
profits under Renegotiation Act amounting to $879,304.
•Includes
$121,382;
lieu of Fed.
profits tax
excess
2,000
2,500
which
result
will
which
__.
dividends
Common
ex*
Charges in
2,500
Scribner——.
Boyce.
1944.
income
vendors),
taxes—..:
profits
Cess
-
Preferred
...
excess
misc.
and
income and
Federal
371,238
u.i—
for deprec._rj
Provision
State,
2,000
__
for
U. Commission of the District of
1945—3 Mos.—1944
revenues—— "
Maintenance
V
250
100
200
2.500
&
provisions
Net
Service Co. of Indiana, Inc.—Earnings-
.
2,000
800
1,600
Co
•Additional
purchase
1941
1942
1943
•
income..
etc,,
Normal
•
-
2,500
1,000
Co
.....
Company
1944
etc.
Total
Costs
for
Operation—Power purch.
441,652
Gas purchased—439,998
Other
operation—..
'2,219,430
1,200
800
Blosser
&
'!
of Income Account
$
parts,
reduced with respect to the
$68,000, respectively.—V. 161, p. 605.
Operating
1,500
1.000
Co.
Deane
Thomas
upon
airplanes, spare
Interest,
profits taxes has been
j
250
150
100
...
& Co.
1944,
31,
by the P.
'i ]
2,000
——
&
include
x
.
Public
•Gross
number
March
ended
Period End. Mar. 31--
2,500
—
& Co.—
Co
Bros.
shares
options,
1
the War
1,100
Maxwell, Marshall & Co—5,000
E. W. & R. C. Miller & Co.——.
1,000
The
of
terms
1)82,406
of
which are outstanding with
official notice of issuance' pur¬
making a total of 1,102,406 J shares
all of
$1),
(par
Summary Statement
$4,046,919
taxes
income
ordered
rates
excess
/
8,800
Co
&
Kirkland
Newburger
120,000
authorized to be listed.
redemption on June 1, 1945, through
operation of the .sinking fund, $400,000 of 4% sinking fund debentures
due Dec. 1,
1949, at 102 and interest.
Payment will be made at the
Irving Trust Co., trustee, One Wall Street, New York, N. Y.—V. 161,
11,000"
Inc..
Co.,
Hill, Richards & Co..:
Mason.
$3,655,013
after deducting the portion thereof refundable after
hostilities, of $577,276 for the period ended March 31,
company
Interest
M.
———
...
™
'
Hentz
69,360
1,187,354
64,131
Public Service Co. of Colorado—Partial
serial
of
shares which each has agreed to purchase from the company and from
the selling stockholder are as follows:
Underwriters—The
Jenks,
1,253,033
—__...
deduction by $831,000 and
of
stock, 5%
panied by the corresponding stock certificates bearing the same
numbers as the warrants, to which the warrants are attached.
Grubbs.
the
to
Exchange has authorized the listing
stock
common
suant
$5,298,404
u
months
in
Federal
for
'
series, now olfered, will have attached
thereto non-detachable warrants initially entitling the registered owner
of each such stock certificate to purchase, upon due exercise of the
..warrant, two shares of common stock (par $5) of the company in
"respect of each share of cumulative preferred stock, 5% series, repre¬
sented
by such stock certificate at the/following prices; $11 per
share if exercised on or before Nov.
1, 1947;= and $13 per share if
exercised after said date but on or before May l, 1950.
Such warrants
will
expire
at the close of
business on May 1, 1950, 01*, if the
cumulative preferred stock; 5%
series, represented by the certificate
to. which the warrant is attached is sooner called for redemption,
then on
the date fixed for redemption, whichever shall first occur.
The
warrants will be exercisable
and, transferable only if accom¬
&
of
Stock
York
New
to add
has provided a contingent reserve of $1,012,000 out
representing the estimated reduction in gross operating
the 12 months ended March 31, 1945, and $83,000 included
for
the
in
it is
Non-Detachable •' Warranto—Certificates
cumulative preferred
Courts
26,901
$4,977,406
...
); Columbia, dated July 22, 1944, is sustained by the Court.
'
intended that approximately
$1,250,000 will be.loaned to Mt, Vernon Car Manufacturing Co. for the
purpose of enabling such subsidiary to reduce or discharge outstanding
indebtedness
representing borrowings for/" working -Capital under a
credit agreement as amended between Mt. Vernon Car Manufacturing
Co.
and J. P.
Devine Manufacturing Co., Inc., and Bankers Com¬
mercial Corp. of New York.
The balance of the net proceeds, esti¬
mated at $219,300, will be used by the company for geneial working
capital and for any general corporate purposes.
*
"
&
2,543,046
$5,267,543
30,861
—_
charges.."
taxes,
income
Outstand'g
51,392
sale
with
$2,248,475. ; Of such net proceeds, the
applied to the redemption on the next
at
will
$779,174
accrued dividends
Of ,the
<V
authority
Company
(2)
Amount
Credit
be received by the company from the
cumulative preferred stock, 6%
series,
redemption date, June 1, 1945, of
of 4%, preference stock (par $100)
to
2,504,421
$4,950,505
—
._——
1945, and $746,790 for the period ended March 31,
■
Maximum
)
'
1947—
31,
proceeds to
shares
50,000
equal
1^78,220
)
1,619,159
2,366,508
1,648,030
.
2,302,129
revenue
Notes—Provisions
440,000
171,600
1,489,000
of
$905,104
'
9,584,614
1,286,803
1,242,913
taxes
revenue
income
revenue
agreement—800,000
agreement
agreement due March 9, 1946——
2,000,000
instalment note due in monthly instalv- "
amount
$714,353
Republic Aviation Corp.—Listing of Common Stock—
The
shares
1944
10,144,697
taxes
deductions
profits
of
Dec. 31, 1944;
as of
loan
warrants,
1945
income
interest
Net
$2,000,000
Purpose—Net
of. the
$208,297
-V. 161, p. 920.
ac¬
$22,792,695 $22,667,672
—
depreciation...^
,
operating
Other
/
$2,000,000
mcnts
$176,822
profit
losses
50,000 shs.
——-
Credit
'
;
...___z—
—
income
income
for
Gross
Subsidiaries—
V
Net
$3,047,946;
purchase of facilities, $68,240;
bond purchases and taxes with-
revenue
than
for
Non-operating
397,230 shs.
600,000 shs.
V loan due April 1. 1945—
Stein
inven¬
Excess
Net
The
A.
and
accrued
...
other
Provision
None
'
.
par)
'V-.;;,r-r'Vf'
.
■'
H.
for
expenses ri„
Provision
70,000 shs
._
warrants
with
stock
•
4%
2,367,978
1,653,625
2,683,324
138,864
at
operating
Taxes,
Outstanding
7,282 shs,
par.)---———^
($50
Notes payable to
Blair
$2,719,075;
347,161
chgs...
Government
S.
for
Maintenance
prin¬
t
■
banks
to
$1,793,758;
Government
S.
12 Months Ended March 31—
■
process
Financing
Present
Authorized
>■
stock
pfd.
Common
•
receivable,
$12,934,084
294,703
117,881
after
taxes—
the company and
1866
i-1/'
profit
Sales of
reorganization
of
Net
Potomac Electric Power Co.—Income Statement—
cessation
3%%
U.
other
current liabilities,
$171,046;
other liabilities,
convertible preferred stock, $728,200; Common stock
stated value), $101,025; capital surplus, $3,069,287;
earned surplus, $571,243; total, $16,069,809.—V. 161, p. 1776.
its predecessors have been engaged at
in the manufacture and sale of industrial locomotives
and
in the cutting
and machining of metals for various industrial
companies in the Pittsburgh area.
Since
"
$1,469,611;
$77,698;
4%
held,
Pittsburgh, Pa.,
*
hand,
accounts
on
of Frank Corp.)
1945—12 Mos.—1944
share of earnings
1945—3 Mos.—1944
Years End. Dec. 31—
sale of industrial locomotives, railroad
United
States
for switching
and in other
and
Subs.)—Earnings—
(&
Corp.
company's
sales
incorporated
was
plan
of
$2,426,101' $2,832,944 $12,639,746
Net
Federal
Sheet, Dec. 81, 3944
$3,805,022;
-(13,241'shares,
,
in Pennsylvania Jan. 12, 1939, pursuant
concerning its predecessor, H. K. Porter
Co., and on of about March l, 1939, acquired approximately all of the
real and personal property in accordance with said plan.
Company
5%
payable
(trade),
from
collections
•
and
freight car wheels. - special carbon and alloy castings,
equipment, pumps and 8-inch projectiles and forgings.
4%
and
$94,335
$237,866
other
assets,
$1,361,001;
fixed
assets
(net),
insurance, commissions, etc., $63,661; total, $16,-
U.
from
Operating
iron
.'
Balance
$440,000;
Liabilities—Notes
advances
'
the preceding calendar jear.
dividends in
locomotives
.
$346,436
sinking
cipally in
a
cost;
$7,114,368;.
prepaid
counts
preferred
preferred
Stores
(Exclusive
069,809.
stock is redeemable both optionally and through an
fund at $52.50 per share, plus accrued dividends.
The sinking fund, effective May 1, 1946, is a sum equal to 10%
of the
company's; consolidated net profits after provision for payment of the
to
at
banks
$2,902,093;
mon
<
profit
in
Assets—Cash
•
Blair & Co., Inc. on May
1 offered 50,000 shares of cumulative preferred stock,
5% series ($50 par), with non-detachable common stock
The
net
Consolidated
investment bankers headed by
annual
making rayon, tire yarn, cellophane, photographic papers and other
products/—V. 161, p. 1887.
cellulose-base
ac¬
.
Consolidated
securities,
<H. K.)
Funds also will be provided for
facilities at Hoquiam, Port Angeles and
This program
will 'enable
of its pulps which are Used
Wash,
County,
present plant
Wash.,
and Fernandina,
Fla.
Rayonier to improve further the quality
Period End. Mar. 31—
1,938,803
693,710
from
Clallam
in
Shelton,
Prom Jan. lr—
Gross
being used In part to refund an existihg term loan and
are
improvement of
in
.
the
to meet obligations incurred in connection with the lecent purchase of
tiinberlands and logging equipment of the Bloedel Donovan Lumber
Mills
10,186
348,551
.
1-15 year
it is announced by President Edward Bartsch.
of $9,000,000.
company's banks will take the earlier maturities, with the
Mutual Life Insurance Co, of New York taking the later maturities.
$417,199
250,647
Fed.
Other
$683,294
320,580
240,650
railway
ry.
104,000
expenses-———
income taxes-i———
Federal
.credits...LI...—
1943
from .railway
Net
28,114
loan
Four of
1942
1945
Net
89,748
properties..
of employ:contract—
have been completed by the company for a
Arrangements
887,975
140,644
Cr6,lll
127,510
of
Miscellaneous
Pittsburgh & West Virginia Ry.—Earnings—
Gross
145,657
1,314,496
sale
on
Post-war
March—
701,417
1,592,224
expenses
286,417
Cancellation
i
' I
operations
gas
admin,
expense
Loss
1950, at
mortgage
361, p. 1662.
and
selling &
$2,889,734
$6,960,887
Ipterest
4'/2%
bonds,
and interest. V Payment will be
Co., trustee, 165 Broadway, New
first
of
$5,368,604
.j.
oil
Expenses of
nexC $205,000
interest;
1,
income
Total
(par $12.50),
pfd. stock
$1), $133,502; class B common stock (par $1), $5,000; capital surplus,
$289,850; earned surplus, $173,887; total, $3,057,493—V. 160, p. 2079.
$2,817,077
229,549
fund debentures, due Dec. 1, 1956,
$797,138; class A comon stock (par
sinking
convertible
5%
$606,000;
$32,963,704 $19,521,702
26,099,980
16,704,625
$32,150,881
—
income
Other
^Pitsburgh Steel Co.—Partial Redemption—
company
$10,583; sundry accounts payable and accruals, $6,177;
$12,093; reserve for Federal income taxes,
fund debentures,
serial
The
interest accrued on sinking
deposited with trustee of $10,000), $29,000;
$52,707;
and
sales
of
Gross
•Deficit—V. 161, p. 1468.
returns
discounts,
1942
1943
1944
less
Sales,
allowances
;
the
cumulative
78,614
railway....
railway
income
in
as
the
to
35,895
1,445
Consolidated
$135,070
15,137
income
oper.
same
attached
miscellaneous taxes accrued,
Prom Jan. 1—
Gross
the
are
be
to
*
$107,510
railway-
railway
oper.
warrants
1942
1943
1944
1945
irom
Net
2039
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
161
railway
railway
income
oper.
—V. 161. P.
1468.
Assets—Cash in banks
U
S
(after
bonds
and
reserves
(The) Ruberoid Co.
notes,
for
emplovees' taxes withheld, $3,596;
employees' war savings bond funds, $205; dividend on preferred stock,
payable April 20. 1945, $12,754; instalments due within one year on
sinking fund debentures (alter deducting debentures purchased and
$6,922,330
1944
$6,883,179
1943
$5,592,823
1942"'.
$5,805,570
153,816
155,415
146,362
188,844
$0.39
Net sales.,.
•Earns,
after
$0.39
$0.37
$0.47
chgs. and
taxes
tEarns.
Liabilities—Notes payable, $925,000
per
•Figures
Co.,
V.
(& Subs.)—Earnings—
1945
Quar. End. Mar. 31—
Ltd.
share..!
do
not
include
(England).
161, p. 1662.
company's equity in earnings of Ruberoid
on 397,806 shares
of capital stock.—
tBased
THE COMMERCIAL & FINANCIAL CHRONICLE
2040
Sharon Steel Corp.
Rutland RR.—Earnings^$411,047
26,269
2,679
$396,195
65,402
46,960
L128.739
—*118,836
oper. income.—
*206,436
1,144,502
4,120
from
Net
railway-.—
ry.
railway.,
-
—
Oper, income
From Jan. 1—
from
Net
Net ry.
•
.
„
railway——
from
Gross
$345,023
58,566
40,027
1,052,013
94,432
38,991
Net
railway
*68,570
Gross
85,398
Deficit.—V, 161, p. 1582.
for amor, of
Prov.
facilities
Sell.,
of common
issued shares
Dec, 81, 1944
Account, Year Ended
124,500
124,500
200,000
295,133
exp.
235,753
90,000
120,000
246,031
and
32,777
accts.
29,241
30,428
the
$814,138
$2,169,040
23,527
income ——
$1,137,223
$844,920
$2,192,568
$882,778
——————
8,463
8,408
4,003
7,476
827,000
595,000
1,593,000
625,000
16,658
(net)
Interest
State
income
for
Provision
105,872.739
3,889,264
Operating and administration expenses.—.>————
Frovision for depreciation——————————Net
operating profit..—
74,083
—
income
Other
—
charges
♦Net
profit
Earns,
and
J.JJJJ'683
....
—
Federal normal
and surtax
per
$301,760
$0.58
—
sharethe
include
increase
$166,512
$0.23
of
$21,000
dividends
Preferred
dividends
Common
—
♦After'debt retirement credit, $120,466.
—V.
161,
Shell Union Oil Corp. (& Subs.)—Earnings—
railway——
from
Net ry. pper.
95,751,372
87,390,077
291,095
income—-
97,459
12,095,565
—
income—_
2,786,663
742,673
Net
Net
ry. oper.
3,278,131
1,567,681
1,108,509
4,457,968
.2,724,069
869,700
5,139,292
2,630,100
677,861
5,452,516
frpm railway..
from railway——
16}, p. 1582.
Materials
18,201,135
19,419,501
608,143
15,053,758
733,570
7,753,000
1,500,000
funded
on
for
debt,
for Fed.
Prov.
etc.——:
income
555,543
taxes
9,183,991
— -
post-war adjustments
10,503,000
1,500,000
—
for periodoutstanding
per share on common stock-
Earns,
Net
■#
13,470,625
$5,067,188
13,070,625
Class
$0.39
Class
B
$6,808,358
13,470,625
$0.63
77o
2,693,538
1,194,499
2,135,265
1,478,312
Net
Net
ry,
1,615,114
income...
oper,
Total
railway....
railway.——
from
Net
ry. eper.
—V.
Income...
1887.
161, p.
-
16,524,420
4,262,385
3,569,649
24,825,491
27,251,661
7,877,137
4,011,055
8,678,935
5,562,888
1944
1943
1942
$441,168
Provision
depreciation
Taxes—other
than Federal
railway
from
Net
254,330
Net
45,618
911,508
340,908
81,387
1,058,278
1,013,193
Fed. inc.
523,885
516,341
131,295
508,159
142,563
238,055
income—.
ry, oper.
Other
39,656
2,758
railway——
Net. from railway
Net
income-1583.
ry. oper.
—V. 161, p.
1944
1943
1942
$204,750
* 30,755
*92,744
$216,150
70,286
21,715
$132,140
2,812
1945
railway....
«:
Net
from railway—
*17,865
Net
ry, oper.
income...
*79,780
Total
interest
Net
Deferred
301,589
Dividends
483,368
477,305
Reserve for
Reserves
charges,
393,810
649,400
♦21,422
596,780
551,715
*52,059
134,894
22,125
*225,253
*9,310
*103,555
railway..—
railway——
oper,
ry,
Seaboard Air Line Ry.—Earnings—
Marcli—
from railway
From Jan.
Gross
Net
from
36,500,605
income...
1— '
railway.
37,095,047
15,065,853
35,955,388
16,743,946
5,972,404
11,221,608
1,830,208
.
railway
from
6,340„581
4,149,268
13,258,648
Net ry. pper.
Net ry. oper. income—
$8,152,338
2,894,109
$13,011,603
5,245,172
2,123,000
4,628,376
5,300,695
/
1942
1943
1944
1945
Gfoss from railway—$12,982,612 $12,875,701
Net
7
,
2,152,559
21,633,212
6,421,553
4,395,301
—yf, 161, p. 1867.;. ;7
y:.-;' /< -
6 Moftths Ended Mar. 31—
Total
142,971
$1,073,689
$1,061,886
417,919
411,439
335,678
Pirept, income
General oper. expenses....
Contfif). to empl. pension trust
......
Federal inc.
and
Net,income
1943
$513,099
81,350
225,932
254,010
85,219
94,500
$85,219
369,104
$83,239
297,513
249,935
9,820
*
profits taxes.
exc.
1944
$490,175
93,805
93,294
:
$93,294
...
BalahCCrat
beginning of period—
Adjustments
.....
312,546
10,035
$320,093
.—
—-—_____
$405,840
$464,359
22,601
21,002
__
.......
Divs.
on
preferred
Divs.
on
common
Btock, dividend
Balance,
stock—i
__
stock
March
31™
$345,838
$314,679
W.
-
.
$0.34
i
$328,002
156,051
$0.39
on
the
or
Interest,
tax,
value
insurance,
$2,318;
of
etc.,
fixed assets
Liabilities—Notes
$106;
repossessed
insurance
on
life
of
automobiles,
officer,
etc.,
-
4
J,
'
'
$20,696; post-war refund of excess
(net), $124,308; total, $8,239,080.
profits
payable,
There
of 4%
,
*
"
by Standard Gas
an
order
of
the
of
District
that he plans
company
all
the
of
class
B
common
stock.
an
The
Court.
stockholder
has
advised
*
preferred
stock
One-fifth
outstanding,
now
share
stock
of
now
No distribution
which
Under
the
7%
cumulative
and all
rights
stock
common
for
accumulated
to
share
each
and
class
of
A
to
the holders
the
of
class
B
common
Street Corp. (Fifth Avenue & Fifty-Fifth Street
at par and interest.
Payment will be made at the office
Read
&
Co.,. sinking fund agent, 28 Nassau St., New
York, N. Y.
,
kwh.
is
to
and
be
plan
distributed
approximately
the
to
5%
approximately
the
of
plan
the
has
been
have
holders
to
of
95% of the new
the present pre¬
of the class A
holders
the
consummated,
availability of the
stockholders
all
Southern Pacific Co.—Earnings—
"recapitalization plan has been consummated the
excellent
financial
structure
and
will
be
company
in
a
better
and prosper with the communities it serves.
Comparative Statement
of
Income
for
Calendar Years
Net
Net
revenues
Depreciation
316,553
285,732
—_—
(other
than
income
Federal
excess
State
$3,081,434
1,153,166
—
—
Federal
income
1943
1944
^—
Maintenance
taxes
on
income)
tax
340,969
—
——
profits
tax..
.
from
railway
railway——
from
Net
__;
&
exc.
148,000
;
_
8,400
196,430
profits taxes
income——__—
$600,214
4,444
$763,701
1,123
$604,658
25,411,725
13,217,938
9,089,811
Southern Natural Gas Co.—Annual Report—
-
The company has purchased 192,176 shares of the common stock of
Birmingham Gas Co. (approximately 84.46% of the total amount out¬
standing) at $9.50 per share, a total of $1,825,673.
Of this amount
142,955 shares were purchased from American Gas and Power Co. and
the remainder from the other stockholders under an offer which ex¬
pired
Feb.
on
23,
1945.
These
purchases
466,061
$361,305
Columbus
of
by
the SEC
eral
and
distribution system properties serving the cities
Miss., under the provisions of a plan filed
gas
and Meridian,
11(e) of the Public Utility Holding Company Act by Fed¬
will
Water and Gas Corp., parent of the company.
Plans for these
are still plending.
If they are consummated the company
probably issue additional common stock to finance them, as well
as
to
reimburse
its
treasury for the cost of the stock of Birmingham
Gas Co..
.
.
Operating
revenue
Manufactured
Distillate,
natural gas
gas
1943 charges were
made
to
earned surplus
in the
.
Dec. 31
etc.
83,983
—
operating revenue.—
Natural gas purchasedOperation
Exploration and development—
for
income
deprec., depletion and
Taxes, other than income taxes
Federal
Fed.
Total
2,511,588
286,443
other
;
income
1,60L609
12L443
*
—
com.
stock—
———
beginning of
year
surplus end of year
*$2,117,859 restricted.
270,464
7,825
$3,051,015
202,223
Consolidated net income——
♦Earned
759,031
93,271
1,289,506
$2,988,094
income
Balance
2,865,789
832,556
1
earnings
Gross
154.339
344,588
2,901,971
amortiz
——
taxes
2,297.351
501,719
profits tax (less debt retire, credit)
excess
Net
taxes.
income
87,021
$14,698,098 $14,538,332
3,022,487
3,335 343
——.—
State
1943
$14,564,343 $14,402,804
49,772
48,507
——
Total
$298,763
Note—In connection with the
refunding of the company's first mort¬
'
...
Years Ended
1944
Earned surplus
;
—
bonds during
approved
report for 1943 reference was made to the possible
acquisition of the stocks of Chattanooga Gas Co. and Mississippi Pub¬
Divs. of Southern Natural Gas Co.
deductions
income
were
Jan. 17, 1945.
the annual
In
$764,824
243,353
income
Gross income
gage
73,930,674
35,804.085 * 41,076,892
9,951,776
18,032,868
32,995,937
Interest and other deductions
operating
Income
Net
119,390,175 119,731,958 105,525^62
ry. oper. income™
—V. 161, p. 1888.
Prov.
$2,917,615
1,043,156
184,156
300,000
330,172
91,600
223,000
13,800
—_
tax
Charges in lieu of income
v
^
From Jan. 1—
Maintenance
1
Operating
Operation
1945,
1945
;
1944 1943
1942
railway— $42,356,387 $41,453,106 $38,568,792 $26,951,257
from railway———
13,003,912 ' 12,665,732
15,936,485
9,299,570
ry. oper. income™
3,435,827
3,652,449
6,897,235
4,103,534
be
reduced interest
has been relieved of an
completed, and the company
maturity of funded debt.
grow
will
The refunding
common stock.
issues at greatly
new
new
been
an
'
compared with
1,588,000 kwh. for the
an increase of 30.9%.—V. 161, p. 1888.
Consolidated Income Statement,
company's old bonds with
Taxes
as
week ended April 28,
acquisitions
eliminated.
amended
,
VA
March—
under Section
Fifty-Fifth
Building),
of. Dillon,
2,078,000
stock.
When the
Will
be
company.
this company for the
Gross from
on
of
outstanding.
second
stock
has
rates
output of
lic Service Co.
new
will be made
will
this
stock,
Other
been, called for redemption on June 1, 1945,
$16,500
mortgage leasehold sinking fund bonds, due 1955, of One
totaled
.
share
unpaid dividends thereon.
common
the
of
corresponding week last year,
■
(no par), to be distributed as follows: ■ '
.
10 shares of new common stock for each
ferred
common
account
Electric
the
The second amended plan for recapitalization provides, among other
things, for the reclassification of all of the present stock of the com¬
pany, namely, 7% cumulative preferred stock, class A common stock
and class B common stock, into 452,160 shares of new common stock
common
stock
gives
Weekly Output—
appeal to the U. S. Supreme Court.
As a
be consummated pending such an appeal
consequence the plan cannot
and the outcome thereof.
'
common
stock
common
class
common stock of the company),
the
effect to the elimination of the 5,000
required for possible distribution to the holder
stock, without any change in the common capi*
sheet
Net
holder
Redemption
have
first
taken
was
1810.
p.
Seven Eleven Fifth Avenue, Inc.—Partial
East
Court
balance
the class B
of
tal
Gross
the
prepaid
6% -cumulative preferred stock (par $25), $750,000; common stock
<par
$4K~$760.000; paid-in surplus, $41,462; earned surplus, $345,838; total,
161,
shares of
stockholder
$6,173;
$27,713;
maturing within six months, $5,460,000;
Dividends payable (paid April 2, 1945), $30,000; accounts
payable and
accrued items, $261,574; dealers' participating loss
reserves, $136,022;
reserve
for
credit
losses,
$100,000; deferred income, $218,442;
re¬
serve for post-war
developments, $35,000; mortgage payable, $110,741;
$8,239,080.—V.
District
by Standard Gas and Electric Company
Net
position to
receivable,
sheet has been prepared as though the
B
One
sonal; instalment loans on automobiles, household goods, etc., $1,093,082; other notes receivable/ secured by miscellaneous collateral, $200,accounts
the
of
Co.,
impending
surrender
245,389
$20,275,137 $15,102,467
—
forma
and
obligations/at cost plus accrued interest ($3,050,000 pledged
to,'secure notes payable, $3,090,000; automobile lien instalment notes,
$2,225,582; dealers' automobile floor-plan lien notes, $278,815; per¬
cash
43,039
196,180
—____
788,166;
of
owning 75 shares of the 7% cumulative preferred stock,
appeal to the U. S. Circuit Court of Appeals for the Tenth
On Feb. 21, 1945 that court rehdered its opinion affirming
Electric
of
ernment
972;
states:
General Manager,
Jan.
order
notified
hand, $1,169,317; United States Gov¬
>
—_—
(the holder of all of the
pro
19, 1944, such order providing that the effective
date of the plan should be March 20,
1944 or, in the event of an
appeal, the third business day after the date when the order was no
longer subject to review. No appeal from the order of the Commission
When
Balance Sheet, March 81, 1945
,
Assets—Cash in banks and
Clark, President and
dated
order
stock,
187.500
$0.38
;
stock of the company and the reduction of capital represented thereby.
Inasmuch as no appeal from the order of the Commission or the order
mortgage bonds, due Nov. 1, 1968, and $1,200,000 of 10-year serial
notes, bearing an average interest rate of 2.82%*.
The report also advised that the Securities and Exchange Commis¬
sion approved the company's second amended plan for recapitalization
by its order dated Nov. 24, 1943.
The plan was also approved, and
the company ordered and directed to carry out its terms and provi¬
sions, by the U. S. District Court for the District of Colorado by its
itAfter deducting $41,462 charged to paid-in surplus.
)
,,
street
...
$328,594
187,500
—...
Cqmmon shares outstdg. (par $4)—
Earnings per common share.
$380,752
21.53931,210
31,225
t83,538
37,500
7.—
common........
on
.____
on
on
......
—.—.—.—
■
Total;
>
—
surplus—
into one class of new common stock, (2) the accounting adjustments
provided for in the plan which will result in the foregoing additional
charges to earned surplus as of Aug. 31, 1943, and (3) the disposition
as provided in
the plan of the resulting deficit in the earned surplus
account as of Aug. 31, 1943 by the transfer thereof to capital surplus
arising from the reclassification of the presently outstanding capital
•
stocks—-——
/
4,708,280
______
649,758
43,039
recapitalization had been consummated as of Dec. 31, 1944
and gives effect as of that date to (1) the reclassification, as provided
in the plan, of the presently outstanding capital stock of the company
$650,447
335,678
plan
The 1943 annual report advised of the succesful refunding, late in
1943, or the company's formerly outstanding $6,763,400 first mortgage
bonds, 6%, due July 1, 1947, by selling $5,500,000 of 3 Va %
first
the
1945
interest; etc.—.—
charges
loss
3,410,495
$918,915
132,609
_J—
—
per sh.
Circuit.
$568,790
122,448
Earned discount,
—
of the District Court was taken
took
Securities Acceptance Corp.—Earnings—
preferred
on
42,047
3,346
32,442
3,346
32,442
plant——
;
34,779
42,047
__—
utility
687,849
•
34,779
company—.——__
of
35,651
687,849
requirements
Other reserves
$655,771
accrued
120.000
45,898
112,995
112,995
35,651
adjustment of book cost of property
Capital surplus
—
6,517,069
—
affiliated
$2,277,500
—
——
280,083
deductions—
etc.,
750,000
———
reserve
Crl45,830
$941,080
—
$4,251,600
2,750,000
par)
no
wages—
retirement
236,236
Southern Colorado Power Co.—Annual Report—
*40,948
*204,481
income—.
•Deficit.—V. 161, p. 1583.
Net
for
0293,079
taxes
118,938 shs. of com. stock.—
$2.69
$2.64
railway investment equivalent to reduction in
consolidated Federal income and excess-profits taxes resulting from
sale of railway property by subsidiary.—V. 161, p. 1811.
N.
from
Net, from
$20,275,137 $15,102,467
—
to
Depreciation
taxes—
and
credits
1,378,345
124,541
...
—
income
From Jan. 1—
Gross
31,764
3,361
120,000
45,898
interest
145,020
—
(net)——
earnings
♦For
$209,370
March—
Gross from
31,080
6,517,069
Note—The pro forma balance
Net
Balance
RR.—Earnings—
53,000
par)—_____
no
'i.
taxes
290,897
and excess-profits
earnings
income
Earns,
San Antonio IJvalde & Gulf
salaries
Indebtedness
FtomJan.l—
Gross from
53,000
31,080
shares,
(447,160 shares,
debt—
Accrued
$3,626,608
36,042
—
_;
premiums—
—_____—
(75,000
municipal franchise
__
income
stockstock
deposits
_______
—————————
_
for
$175,232
112,481
24,423
$349,728
164,712
73,752
177,329
258,351
payable
Customers'
1944
1945
_
Maintenance
Total
1945
177,329
____
2%%, due 1945
Total earned
$311,478
540,000
64,351
Accrued
$3,881,378
1,491,697
„_
♦Special addition to' reserves—_
fi;om railway....
stock
Accrued
revenues
Prov. for est.
March—
31,697
1,263,784
258,351
3,361
—___
long-term
Accounts
Earnings—
12 Months Ended March 31—
Operating
St. Louis-San Francisco & Texas Ry. -Earnings—
Gross
reserve)—
stock™
common
Serial notes,
in the first quarter of 1945 or 1944 but $450,000
paid in the first quarter of 1943.—V. 161, p. 1887.
Operation
28,516,674
9,314,163
4,459,044
from
Net
(less
,____
common
Common
for Shell Pipe Line Corp. amounted to $818,455 for the
ended March 31, 1945, compared with $752,181 in the 1944
and $874,438 in the 1943 period.
No dividends were paid by
Sioux City Gas & Electric Co.
1,774,542
From Jan. 1—
Gross
investments
supplies—
preferred
Accrued
$6,043,541
$9,418,559
—
—
A
$0.51
$8,461,601
—
1942
1943
$9,090,460
3,443,755
railway—.. $10,041,003
from railway—
3,432,892
from
31,697
1,299,971
540,000
—
Total deferred charges
Total
income
quarter
was
1944
1945
March—
Gross
5,103,895
accounts-
receivable, other—
Unbilled
electricity
Prepayments, unexpired insurance
Shell Pipe Line Corp.
Ry.—Earnings-
1
fund
receivables
and
1,402,780
40,006
40,006
Liabilities—
Net income
period
St. Louis-San Francisco
1,402,780
the properties over the
Accounts
10,056,141
Shares
Gross,
Customers'
expen¬
15,309,672
cash
Temporary
88,854,991
63,745,092
129,262,679 118,905,143
——
intang. devel.
Prov.
Frpm Jan. 1—
—V.
operating earnings
Costs, selling and gen. exps
Int.
1942
cost;
hand and demand deposits—
on
Pro Forma
$11,269,317 $11,269,317
original
—
investment and
Cash
Income
$1,195,886
586,364
414,133
$1,453,054
885,438
$1,821,154
941,773
253,415
$1,965,822
1,098,856
railway—
1943
1944
1945
Marchr—
Net
Gross
value of
original cost
Total
1943
1944
ditures, amort and abandonments-
St. Louis Brownsville & Mexico Ry.—Earnings—
Gross from
1945
$
1810.
P.
Per Books
Electric plant at original cost
Transportation department at
Street
railway
Passenger buses
1944
—
Deprec., depl.,
a
in
$30,000
Dec. 31, 1944
Assets—
$0.45
$0.94
1945,
been
.
Excess of book
681,7a
—1.058,bad
—
2,,>40,boo
—
...—
approximately $28,000 less than otherwise would have
is
'$250,302
$445,564
in
$5,202,598
——————————
...———...
as
less
Balance Sheet,
and
3 Months Ended March 31-
Net'profit
1944
$13,000 in 1942 in the equity of company in its partlysubsidiary.—V. 161, p. 1887.
owned
1.0^4,199
excess
150,000
75,000
—.
—
—
com.
not
1943
d,zyj,8ij
-
profits tax—
——
Other income taxes (less post-war refund of $55,016)——
♦Federal
taxes—
—
necessary.
♦Does
Total
1943
for
expense
For Federal income tax purposes the company had an unused excess
profits credit for the year ended Dec. 31, 1943.
Under the provisions
of the Internal Revenue Code which permit the carry-over of such
unused
credits
to
the succeeding
year,
the provision required for
Federal income and excess profits taxes for the year ended Dec. 31,
post-war
contingencies
$11,728,981
—..
——
Other income
charges thereto.
income
debt
expense.
Total
SS'o80522
———_————~-—
of
of
tization
$866,12b
30,782
—
aforementioned
statement
Provision for Federal &
Sales
profits
excess
Also, there was included in the
an income deduction
"special amor¬
premium" in the amount of $19,430,
representing the estimated reduction in income and excess profits
taxes resulting from the aforementioned charges to unamortized debt
9,000
$1,118,185
19,038
'
income--:
and
and excess profits taxes," representing the estimated reduction in such
taxes resulting
from the aforementioned charges to surplus.
The
amount was credited to earned surplus as a partial offset to
246,520
6,000
Balance
Other
income
latter
income-!—
doubt,
for
for
1943
spec.
—.—
adm.
&
duplicate interest and
deductions in. the year
tax purposes.
Accordingly, there
was included
in the statement of income for 1943 as an operating
revenue deduction,
$196,430, described as "charges in lieu of income
amount of $26,652,
representing
of which charges werp allowable
aggregate
taxes, all
$7,822,213
6,381,331
$9,281,054 $10,997,316
7,907,386
8,251,816
160,500
180,000
Taxes, other than prop¬
erty
of 2,585,952
number of
stock after the stock split-up three-for-one.
Income
Consolidated
$8,935,223
7,251,904
145,500
Stock—
The New York Stock Exchange has authorized the listing
common stock
($5 par), representing the total
share's of
—
gen.
1942
1943
1944
discts.,
allowances
&
cost of prod, sold
Prov. for depreciation—
Prov.
Safeway Stores, Inc.—-Listing of Common
1945
Mfg.
^
975,570
*36,366
les
sales,
returns
aggregate amount of $268,566, representing unamortized debt discount
and expense and redemption premium and expense on the bonds re¬
deemed, and charges were made to Unamortized debt expense in the
-Earnings—
3 Mos. End. Mar. 31—
1942
,
,
$450,344
34,660
5,365
from
Gross
1943
1944
1945
March—<
Monday, May 7, 1945
162.756
$3,190,317
587,535
$3,213,771
$2,602,782
1,761,437
$2,598,718
615,053
1.76L444
$841,345
$837,274
5,983,698
5,146,425
$6,825,043
$5,983,698
Volume
Gas
U.
receivable
supplies
Materials,
i_-—i-——
—
__
—
_
Prepaid taxes, insurance, etc
charges
:
—
Deferred
stock
Capital
Total
.
I
—
:
expense
—
.
——,
—
__
Liabilities—
.i
37,458
1,720,828
2,274,564
3,918,603
1,535,897
624,510
62,977
201,951
61,292
int.
securities, at cost and accrued
Treas.
Accounts
39,244
,
—
.
1,668,063
funds—
investments and special
__
„
S.
$51,251,103 $49,909,348
(net)
plant and property
Miscellaneous
Cash
1,387,387
677,172
50,615
221,494
61,292
$59,363,643 $56,340,158
.__—
.
.
Federal
—
2,020,607
145,555
33,691
59,180
48,115
Reserves
for
Other
2,901
67,833
4,465
35,453
aid
construction-
of
surplus
Total
1944
1945
1944
$
$
6,847,041 110,580,332 105,072,076
7,014,239
earnings
Privately—
The SEC on April 27 approved the issue and private
sale to Mutual Life Insurance Co. of New York, of
$840,000 first mortgage bonds, 4% Series A, due May 1,
1970, at 101 and int.
The proceeds are to be used to
redeem $482,500 5V2% first mortgage bonds owned by
the public and $121,000 6% debentures owned by Wash¬
ington Gas & Electric Co., the balance ($219,000) to be
Co.—Sells
Power
Gross
40,625,413
Operating
24,596,875
expenses
"■Federal income and ex¬
Interest
amort,
and
Provision
8,163,242
6,336,094
2,806,553
29,054,932
10,914,916
21,327,324
2,875,863
4,989,433
4,739,675
209,244
241,074
19,306,679
472,802
19,018,653
531,357
——_—-
10,715,873
income
Total
income
4,78C,189
——_
deductions
660,435'-^
—
8,874,193
625,733
504,632
214,028
212,120
181,341
188,031
895,573
1,026,833
956,481
taxes_
prof, tax
*43,668
265,000
1,892,945
$1,873,053
exc.
income
Earned
$1,733,343
$2,478,029
2,934,377
2,035,511
beginning of year—
surp. at
credit
resulting
of
3,013,427
4,493,601
709,447
18,833,877
18,487,296
2,837,175
2,899,083
—
$278,378
""$456,868
1,850
10,987
1,515
share_
$280,228
$0.28
*$445,881
Nil
*$269,836
$0.26
profit
Earns,
com.
per
income
4,119,754
___—
3,789,154
4,117,500
eral taxes on income.—V.
Erie
to
System,
completed
Constable,
Treasurer.
issued
The notes
1942 Federal
profits taxes-
excess
Air,
ern
Gross
from
Net
from
Net
ry.
1942
1943
1944
$2,309,233
railway-
$1,834,122
349,905
115,238
$2,029,350
1,079,262
765,436
$1,456,336
5,253,021
1,095,409
141,943
5,456,551
2,786,491
1,940,440
3,871,481
709,487
railway—
251,513
income—
oper.
686.540
addition
In
Co.
The
there
From Jan. 1—
$5,834,368
$4,667,719
$4,513,540
1,578,293
1,578,293
1,578,293
paid
Adjustment resulting
tiation, 1942
services
6,428,025
railway—.
2,007,142
income—
—V. 161, p. 1470.
793,702
Net
from
Net
ry.
oper.
1,665,496
1,038,526
Earned
from
renego¬
—
76,000
.
—
870
/.
.
$4,256,075
$3,013,427
$2,934,377
$0.89
surplus at end of year
$0.82
$1.18
Earnings per share—
*No
profits tax liability believed to exist for 1944.
Amount
represents certain adjustments for prior years, princi¬
excess
shown
in
1944
pally for 1943.
expects
the
to
1943
1942
$5,134,660
$6,188,107
$6,824,813
1,230,848
1,464,128
2,009,310
1,100,000
1,100,000
1,124,500
1,800,000
Cash in banks and on hand
Cash advanced
by clients
U.
S.
savings notes
Treasury
national
250,000
559,517
5,316,704
banking
business—_
notes and interest receiv.
Materials
and
supplies,
profits
excess
bonds,
82,994
largest
Central
Standard Oil Co.
v
(Ohio)—Listing—
common stock (par
When the amendment to the
of
cargo
shares of common stock (par $25)
then
outstanding (inclusive of 3,527 shares in treasury)
and the
unissued shares of common stock then reserved for the satisfaction
of the conversion rights of the 4 lA % cumulative convertible preferred
stock will be changed and converted into 2,618,372.5 shares of common
ration
stock
the
effective
become
shall
(par $10).—V.
161, p. 1664.
Standard Stoker Co., Inc.—New
3,484,701
4,133,224
been
has
Turner
Staten Island Rapid
1945
from
Gross
from
Net
Transit Ry.—Earnings—
1944
1944
est.
$509,503
191,904
railway—
-
JNet ry. oper. income
$468,719
$468,719
223,887
223,887
87,896
railway—
and
6,360,683
6,558,286
6,7~5~5~889
>_
166,051
160,807
164,039
13,866
80,859
739
197,000
233,000
75,042
equipment—
Federal
of
refund
Post-war
115,864
115,864
from
Gross
tax-
i
—
Other unadjusted
debits
...
—
78,360
77,424
$25,369,716 $26,521,026 $28,088,620
Liabilities—
Accounts
payable———
$758,103
$832,799
$1,075,878
1,230,848
—
Net
from
Net
ry.
—'V.
railway
oper.
161,
1,431,533
490,227
p.
214,470
income
1470.
1,221,821
563,042
296,891
Mtge.
within
due
ment
amort,
1,464,128
2,009,310
one
year
due
payments
taxes
possible
order.
Natural
liabilities
surplus
Earned
surplus—
4,6r70~000
20,260
4,563,250
49,611
5,000,000
5,000,000
8,926,605
4,256,075
——
62,500
5,000,000
_
33,158
3,529,127
26,152
:
39,300
31,25Q
(2,104,391 no par shs.)
90,000
2,678,501
208,766
:—
loans——
Mortgage
Total
8,676,605
8,676,605
3,013,427
2,934,377
25,797
37,872
$25,369,716 $26,521,026 $28,088,620
—
deducting reserves for depreciation
■"After
The
corporation has called for redemption on
Studebaker Corp.
(& Subs.)
March 31—
domestic and foreign—_
Mfg. cost and selling and gen. exps.
Net
sales,
-
of $285,-
March
Dated
Stone & Webster,
of
Amort,
is
1945
,
the
of
company
in
its annual
report to stockholders for 1944 reports
share.
This is $139,-
consolidated net Income of $1,873,053, or 89c per
or 7c per share, more than reported for 1943.
The report states:
"Construction incident to the present war was
again in 1944 a predominant activity of the Stone & Webster organiza¬
tion, which came into existence over 55 years ago.
The total volume
of work carried through to completion last year was even greater than
710,
in
the
Most
when all previous performances were exceeded.
was
performed under government contracts and
preceding year,
of
the
work
proved less profitable than in the previous year, with
that earnings from the engineering and construction
were
less
than
in
the year
the consequence
business in 1944
1943."
other similar services ren¬
slightly better results than
in the year before; and the investment banking branch of the business
showed a considerable improvement in 1944 over the prior year, the
performance in that field last year having been the best for the past
four years.
The report states that a contributing factor to the in¬
crease in net income reported for 1944 was the appreciably higher net
profit realized last year from sales of investment securities.
The report indicates that consolidated net income reported for 1944
Is exclusive of a net adjustment in the amount of $947,883, with respect
to the provision in 1942 for Federal income and excess profits taxes,
which adjustment appears as a direct credit in 1944 to consolidated
earned
surplus.
The report also points out that ihere are not reAccording to the report, supervisory and
dered by the organization in 1944 yielded
■'
1943
90,885,037 108,502,292
73,508,023
86,423,570 103,937,621
such
to
pursuant
or
will be redeemable
Bonds
bonds.
in part,
the
either at
requirements
the
of
the
will
int.
Prov.
for
for
281,197
274,540
disct.
on
„„„
redeemable
be
property
upon
like
notice with
17,359
debs.—
21,534
fee-bank credit agree.
53,425
income—
Crl9,443
18,831
415,000
245,000
835,000
(2,538,000
(2,700,000
*787,500
1,024,323
1,218,548
400,000
1,339,514
1,024,323
818,548
939,514
14,888,406
11,125,494
8,844,124
exp.,
less int.
inc.
Fed.
Fed.
taxes
excess
profits taxes-
40,966
profit for the period
contingencies—
for
profit to earned surplusPrevious earned surplus—————
(Net
400,000
a
must
as
utility
public
Total
15,912,729
11,943,041
9,783,638
583,183
579,593
555,057
surplus, March 31
15,329,546
11,363,448
9,228,581
share
$0.44
$0.35
$0.42
surplus
Earned
paid
—,__
Earnings per common
(After deducting postfor debt retirement.
„
.
war
refund of excess profits taxes of $282,000 in 1945 and $300,000
in 1944.
(Subject to adjustment on account of renegotiation of Gov¬
ernment contracts under the authority of Federal statutes.
'Less
credit
of
$87,500
Consolidated
Balance
Sheet, March 31, 1945
and on deposit, $29,316,456; accounts and
trade, less reserves, $1,859,314; accounts receiv¬
able from U. S. Government, $21,611,635; inventories, $18,134,770; cash
and bonds held under employees' war savings bonds deduction plan,
$321,150; other current assets, $659,885; non-current investments and
receivables
$127,193; post-war refund of excess profits tax (including
excess
profits tax refund bonds of $82,056.43), $1,757,056; property,
plant and equipment (after reserves for depreciation of $9,080,738,
and after reserve for loss on demolition, disposal and change in use
of property and facilities, and carrying charges on property held for
sale of $1,836,019), $10,745,963; prepaid expenses and deferred charges,
$95,950; trade name, goodwill and patent rights, $1;- total, $84,629,372.
Assets—Cash
on
hand
acceptances receivable,
payable to banks (Regulation V loan, VT type),
$20,000,000; accounts payable (trade), $10,660,365; accrued expenses,
$5,108,489; reserve for Federal income and excess profits taxes (after
U.' S. Treasury tax savings notes to be applied in payment thereof of
$8,819,712), $6,765,164; reserve for material commitment cancellations.
$208,751; customers' deposits and credit balances, $549,666; payroll
Liabilities—Notes
deposited with
cash
applied to retire bonds, at special redemption
1946 and reduced to par in 1975.
be
,
in the generation, purchase, transmission
electricity.
It
sells electricity
to
residential,
company,
distribution
and
of
and municip&P"Cus¬
and energy to other
Company has no subsidiaries.
farm, industrial and
government
and buys from, and sells electric power
tomers
public utility companies.
sale
the
of
(estimated $20,444,380) to be received from
the $2,500,000 21/e% 10-year serial notes,
funds of the
proceeds
Purpose—Net
the
bonds,
and
$14,297,520 of cash from the general
will be used to redeem the $33,730,000 first
with
int.).
Funded
Debt and
mortgage*i-gold
(exploding
'
at 103%
Series due 1960, presently outstanding,
accrued
,
Outstanding
$18,000,000
•' .' •
Authorized
to
Not Specified
$6
'
1955
stock
pfd.
65,000 shs.
200,000 shs.
1,705,^)03
*6,000,000 shs.
par)
(no
,
2,500,000
$2,500,000
par)
(no
stock
t
(Giving Effect to Present Financing)
Capital Stock
mtge. bonds, 2%% Series due 1975
10-year Serial Notes, due 1945
sps.
stock,
but
is the beneficial and
record owner of 5,999,950 shares )Of its
outstanding common stock of which 4,294,996 shares are to: be sur¬
rendered by American for cancellation.
u
■
'American
to
will
the
(a)
follows:
by
cancellation,
for
Equity—Prior
Stock
delivery
of
the
contributions
make
as
company
the company's outstanding preferred
of
Common
and
issue
the
none
owns
Contributions
American
to
to,
creation
of
capital
concurrently
A cash contribution of $7,000,000; (b)
transfer without cost to the compahy,
(no par) having
credit these contributions toward
in the amount of $28,474,981.
to
proposes
company
or
new bonds and serial notes,
the common stock equity of
4,294,996.366 shares of the company's common stock
a
stated value of $5 per share.
\
The
Dividends
in
.
Company—Company was incorporated in Texas Dec. 19, igaa.'ifThe
company
is a public utility company operating wholly within the
State
qf Texas,
and is a subsidiary of American Power & Light
Co. and* of Electric Bond
and Share'Co.
Company is engaged, as
with,
Net
<>•
»
•
prices starting at 101.03 in
*
59,388
option
for the replacement fund or the current sinking
requirements, or with such proceeds of the release of
fund
Common
79,562
the
mortgage
corporate trustee
other
or
3,354,267
300,080
150,082
- •
at any time on at least 30 days' notice at redemption
70,153,756
4,564,671
'■>
and
1956
(on the basis of
company
or
bonds, 5%
1944
V'
1945; due March 1, 1975.
Interest payable 'M-S at
York, or at Fort Worth (Texas) National'Barik,
1,
designed
company,
-Earnings-
debentures
Commitment
Other
equip—
loan
bank
5,485
Inc.—Annual Report—
•
continuing to and including 1974, sinking
initial issue of $18,000,000) tojretire
$3,420,000 of bonds issued under the mortgage or to cause the waiver
of the right to the authentication and delivery of an equal principal
fund
together
4,461,467
profit from sales
Stokely Brothers & Co. 15-year
The
•
; J
Service Co.—Bonds Offered—The First
Bankers Trust Co., New
trustee.
1st
74,958
74,958
June 1, next, $153,000
v-r-!'
always
alphabetical
alphabetical
not
2'/8%
139,856
139,856
3V2% sinking fund debentures, due
1958, at 103 and interest.
Payment will be made at the Bankers Trust
Co., trustee, 16 Wall St., New York, N. Y.—V. 161, p. 921.
is
bonds, due 1975, at 101% and accrued interest,
surrender
of
it
headed a group of underwriters which on
offered $18,000,000 first mortgage 2%% sefies
3
May
of $2,322,904 in 1943 and
$2,125,301 in 1942.
(After deducting reserves for depreciation
922 in 1943 and $273,176 in 1942.—V. 160, p. 2190.
$178,421
32,259
Redemption—
reasons
possible.
as
commercial,
Provision
Stokely-Van Camp, Inc.—Partial
*7,'
mechanical
Boston Corp.
Bonds
i
90,000
1,115,503
16,056
3,575,000
—
purchase contract liab.
gas
on
46,270
.
America,
DC 3's),
Latin
in
to arrange
companies in exact
However, they are always as near
position
within
—
accrued————
Other accrued
on
/ 222,262
airplanes
prices at 104 in 1946 and reducing to 100 in 1975.
31,250
31,250
_
200,000
for
Interest
494,558
64,634
45
own
.
NOTE—For
whole
year
Reserve
Interest
939,056
407,990
services.'
''
amount of
by clients on construction
(per contra)
Natural gas purchase contract pay¬
Prov.
railway
charter
on
modern 21-passenger transports
(Douglas
by U. S. authorities.—V, 161, p. 1703.
three
Texas Electric
excess
Deprec. on prop., plant and
From Jan. 1—
Rio
recently allocated
—.
Prepayments
1942
1943
1943
$326,532
$326,532
to
240,319
Net
March—
companies
TACA
present
including
4,580,185
President, etc.— '
elected President, succeeding H. P,
Farrington, who has been elected Chairman, and who will continue
active in the executive management of the company.—V. 161, p. 921.
Archer
Miami
of
as
York.
New
682,513
at face amount
3 Months Ended
E.
out
and
permanent landing rights in the United States on
well
as
new
routes into
New
Orleans''hnd
secure
routes
refund
tax
■"Office buildings and other real
Capital
_
authorized the listing of 2,618,373
$10).
company's amended articles of incorpo¬
now
Central
carrier.
in
ago
air
America,
to
are
these
both
4,918,620
80,971
177,713
consol..
securities
Other investment
S.
55,292
at cost-
subsids.
in
177,712
15,266
Investments
Unadjusted credits—<——
The New York Stock Exchange has
shares
of
securities, incident to invest-
ment
U.
years
208,943
3,733,881
corporations.
Lowell Yerex,
by
13
world's
349,937
1,561,974
allocation
for
President and Chairman of 'the
America, TACA soon bedapite'the
Since then it has expartded Ihto
South America.
In October, 1943, Mr. Yerex sold controlling interest
to a group of United States investors headed by Transcontinental, &
Western Air, Inc., who at present own 29% of the outstanding stock.
TACA companies at present fly out of Miami to Panama via Havana
board,
At
e.
Co¬
de
Airways
all
are
constr.
on
contra)
Administration
Economics
Foreign
TACA
de Venezuela.
TACA
local operations in the very near' future
hand,
Aerovias Argentinas has recently
on
(Sociedad Anonima), a Panamanian
corporation,
parent holding company for the TACA System, has made investments
in
each
of
the
associated
and subsidiary airline companies
which
TACA
Plans
1944
and
Brasil
start
to
already
aircraft.
and
Sheet, Dec. 31
Comparative Consolidated Balance
Assets—
Capital stk.
V#
a
companies
aircraft
Founded
Interest
railway—_.
from
Gross
are
at present operate local and international
throughout the Central American countries, and in South
Jocal and international services are operated by associated
TACA
applied
Total
Dividend
one
466,974
including Transcontinental & West¬
Hallgarten & Co., and E. W. Clark &
very
small number of individual par¬
Pennroad Corp.,
Inc.,
lombia
947,888
contracts
1945
March—
and were purchased principally
interest at 4%
bear
by present stockholders of TACA,
companies—Aerovias
15,996,702
Seattle—Earnings—
Financing Completed—
operating airlines in Central and South
arrangements May 1 of new financing in the
amount
of $1,410,000.
This financing is in the form of privatelyissued short-term notes convertible, to TACA common stock, according
Airways
America,
.
Advances
Spokane Portland &
*$219,614
'
$0.21
provision
general expenses,
Commencing in
15,588,213
Dividends
3,660,000
15,555,000 16,470,000
';"■'*After deduction of excess nrofits tax credit of 10%.—V. 161, p. 1664.
Net
29,400
'
for depreciation of plant, all selling and
provision for reserves, for State taxes and Tor Fed¬
161, p. 1888.
(After
■"Loss.
$196,213
$268,321
(net)—
profit
income
Net
1942
1943
1944
1945
3 Mos. End. Mar. 31—
(Operating
Other
America
adjust-
from
for
prov.
and
profits
Interest
'
.
ticipants.
Net
tFurniture
operating income
income, net (Dr)
Net
Other
1942
148,840
Accounts,
profits taxes——
.
TACA Airways—Private
1943
9,084,618
of debt expense
for Federal
Provision for Fed.
£
1945—12 Mos.—1944
^
36,203,192 155,445,224 141,183,346
22,320,870 96,168,697 90,121,496
2115.
p.
Symington-Gould Corp.—Earnings—
Calendar Years
485,260
taxes
Other U. S. Govt, securities
Co.—Earnings—
21,000 shares,
earned surplus, $15,329,546; total,
capital surplus, $18,155,833;
160,
but unissued,
subscribed
stocks
$2,334,477;
$1),
the
215,616
income
Depreciation
..
taxes
cess
Other'
share in 1944,
8,089,952
except Federal
Taxes,
Co.—V. 161,
1945—3 Mos.—1944
$
$
Operating revenues—_
(par
cor¬
$11,751,962 $13,130,897 $14,906,431
earnings
Operating expenses
contracts (per
■'
Southwestern Bell Telephone
per
1944
Other
Period End. Mar. 31—
the parent
of
year
Bonds
Washington Gas & Electric
Company is a subsidiary of
p. 1359. ■
,
s
the
for
and
$84,629,372.—V.
TACA
for additions to properties.
pay
income
Other deductions
Utah
.
with
161, p. 1888.
used to
shows net
report
.
income
Jan. 1 to April 21
1945
1944
$
'
$
Week End. April 21
Period—
Southern
•
v
$327,805; reserve for war contract termination
post-war reconversion, $3,500,000; common stock,
current liabilities,
contingencies
amount as paid
same
Earnings—
Southern Ry.- -Estimated Gross
—V.
.
The corporation paid a dividend of 75c
in the previous year.
year.-
ment
Gross
•
report,
alone in the amount of $1,855,977, being 88c per share, camwith $1,593,917, or 76c per share, reported for the previous
pared
Net
1811.
p.
the
1,237,573
$59,363,643 $56,340,158
—
—_
161,
to
poration
5,983,698
—
In
surplus
Earned
—V.
65,498
15,327,073
1,237,573
6,825,043
reserves
Contributions
Capital
18,180,330
amortiz. (net)—
depreciation, depletion, &c
debt in process of
on
1,864,459
„
139,320
Miscellaneous
Premium
report,
the War Department Price Adjustment
Board has determined, as a result of renegotiation pursuant to the Re¬
negotiation Act, that no excessive profits were realized in 1943 by
Stone & Webster Engineering Corp, wholly-owned subsidiary, from its
renegotiable business.
The report adds that government contract
earnings for 1944 are subject to renegotiation, but that on the basis
of the renegotiation proceedings which have been completed with re¬
spect to earnings for 1942 and 1943 it would not appear that 1944
earnings could be held to include any excessive profits.
283,350
294,872
debt
long-term
on
taxes
income
State
&
Interest
the
taxes and war savings bonds, $1,668,277;
deductions for Federal income
$21,000;
in
According
Comparative Consolidated Income for
J,—
!
other than income
Staten
elsewhere
Accrued liabilities—•
Taxes,
of
other
The
par)
($7.50
operations
of
owned,
.
$10,569,091 $10,569,091
Premium on common stock——
2,380,275
2,380,275
Long-term debt
16,614,000 17,730,000
Accounts payable
.i.
792,780
533,606
Customers' deposits and accrued int. thereon—
146,147
131,947
stock
Common
results
the
earnings
Co., Inc., or West Texas Mortgage Loan Co., each 80%
whose accounts are not included in the consolidated financial
statements, and whose separate financial statements are presented
Coach
Island
1943
1944
*
consolidated
in
fleeted
Sheets at Dec. 31
Balance
Consolidated
Assets—
2041
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
161
surplus
the
will credit "plant account" in the amount of $31,851,212 representing "electric plant adjustments" by a charge of $210,600
to capital stock expense, $53,725 to retirement reserve, $31,586,8,85 to
The
company
earned
surplus.
Company
estimates that the portion of service fees
representing profit is $296,337. ;/
paid by it to associated companies
Summary
of
Earnings for Calendar Years
1944
Operating
Operation
revenues—
Maintenance
$13,773,176 $12,531,227 $10,895,577
5,271,361
4,810,838
3,923,448
Net
Other
458,482
1,000,000
1,152,334
1,099,823
1,040,877
2,313,017
1,242,408
962,380
677,097
$3,360,602
48,985
$3,822,397
28,420
$3,408,579
$3,406,464
21^786
21,400
$3,409,588
$3,850,818
$3,430,365
$3,427,864
1,686,500
1,686,500
1,686,500
1,686,500
79,622
79,622
79,622
79,622
deducts.
99,473
78,371
65,990
'34,079
constr—
Cr4,337
revenues
income
Gross
501,345
1,000,000
1,157,029
profits taxes-
oper.
3,386,660
503,247
1,000,000
and
Income
for
1941
671,164
approp.
Taxes other than inc.—
excess
• ;
$9,969,582
1,000,000
—
Prop, retir. res.
Prov.
1942
1943
(net)
income
Interest on mtge.
bonds
debt
disct.
Amortiz.
and
Other
Int.
of
expense
int.
chgd.
Net
and
to
income
•
$1,548,330
•
Cr8,093
$2,006,324
$1,606,345
$1,627,663
2042
THE COMMERCIAL & FINANCIAL CHRONICLE
Underwriters—The
spective amounts
of
names
the
underwritten
several
are
underwriters
the
and
follows:
as
$2,000,000
Blyth & Co., Inc
Smith, Barney Si Co.__
2,000,000
2,000/000
Auchincloss, Parker &
Redpath
Reynolds & Co.______
Central
1,200,000
Bosworth,
Repub. Co.,__
Lynch, Pierce,
Fenner
S.
&
Beane
Collins Si
Co.—
House Si Co.__
1,200,000
Curtis,
The
Lord
and
&
Underwood
A.
5%
cumulative
Co.,
Class
100,000
A
100,000
Central
1945
railway
$390,380
$402,144
$457,034
98,148
126,690
132,061
Net
ry.
45,984
52,683
76,543
railway
railway
1,080,196
1,355,698
1,031,496
843.843
256,124
395,576
310,506
163,361
158,318
173,845
75,036
income—
118,204
time
A.
Cornwall
tion
is
lines
of
Hope
Natural
in
pressor
units
strated
a
of
lines
Gas
20-inch
Gas
of
Co.
month
of
pipe
Co.
United
in
of
H.
has
seven
all
of
sale
of
generally
for
term
and
thereunder
a
each
daily
(in part firm,
total
of
period,
cubic
of
R.
feet
Gas
daily.
Co.
Louisville
to
the
Each
date
of
of
Gas
such
initial
has
Gas
Currently,
released
and
and
for
right
its
Electric
to
Co.
controls gas reserves in
and
elsewhere
in
or
fields
the
Texas,
controls gas
The
in
reserves
Interest
of
ing
the
the
San
Gulf
Salvador
Chicago Corp.
in
the
in
the
construction
of
the
Oil
pipe
Co.
owns
has
company
distribution
subsidiaries.
no
facilities
and
Its
line
present
or
and
acquired
Mortgage
collateral
a
York,
as
102'/2
to
4%
includes
property
April
agreement
23,
with
1945,
the
the
company entered
National Bank, New
Chase
trustee, whereunder $44,000,000 collateral
Chase
National
notes
issued at
were
Bank,
Metropolitan Life Insurance Co., The
Assurance
Society of the United States, The First
National Bank of
Chicago and Harris Trust and Savings Bank.
The
proceeds of such collateral notes
were
applied by the trustee to the
Equitable
Life
acquisition from
Reconstruction Finance Corp. of the
company's first
mortgage 4%
notes,
dated
March
11,
1944,
which
was
thereupon
pledged as collateral under the collateral trust
agreement.
The
hear
collateral
interest
thereof
at
of
the
rate
of
company mature on Oct. 11, 1945, and
4% per annum on the principal amount
payable
at
and
102'/a-
notes
at
maturity,
the
are
Company has the right to
at
or
extend
time
any
prior
thereto,
the
maturity of the debt
evidenced by such notes to March
11, 1954, upon tendering to each of
such holder's renewal notes of like
aggregate principal amount with the
collateral notes held by
them, respectively, on substantially the same
terms as such collateral
notes, except that each of such renewal notes
thall
be
dated
the
without
premium
secutive
annual
ally
intends
liroceeds from
j
of
its
delivery, shall be expressed to mature
1954, and shall provide for the con¬
principal at the aggregate amount annu¬
March
11,
specified in the company's first
mortgage 4%
as
Company
.
date
on
payments of
the
to
such
pay
bonds,
collateral
preferred
stock
notes
and
at
of
charter
75,000
shares
preferred
$50)
stock,
and
The
en
authorized
the
preferred
of
4%
cumulative,
Chicago Corp.
aggregate
(1)
('eraand
the
the
120,000 shares of
$7,900,000,
upon
that
so
of
the
the
and
White, Weld
in
of
thereof.
of
the
(par
102 '/2
&
class
Co.
A
Such
the
of
ecurities
the
bonds
and
preferred
best
Corp.
have
stock
The
stock
efforts
by
or
Securities Act of
registration.
company
amend
consisted
9,600 shares of
class A stock (par
to
the
purchase
company
are
stock,
balance
1933
of
the
to
4%
Weld
of
for
conditioned
and
funds
(2)
demand
(3)
the
an
any
Weld
will
&
'
—_
__
Pancoast—
150
75,000
____——
X 50,000
—
_1
—
—_
Shepard & Co
100,000
pay
Co
100,000
—
Jones
&
Co.,
„•
-
Co.,
Inc.
&
——\
Marks
Merrill,
Turben
&
Milwaukee
Co._
&
H.
Newhard,
Murch
Cook
&
400
100,000
&
Reynolds
Riter
&
&
F.
Inc
—
Co.^
/
Rothschild & Co.—1——
&
Schneider, Bernet
Schwabacher
Scott
&
&
&
Co.
I.
M.
&
Singer, Deane
Smith, Moore
Bros.
&
Stone
Boyce—
&
Tucker, Anthony & Co
Securities
G. H.
Chas.
The
Witter
Harold E.
&
&
500
2,100
100,000
200
400,000
1,500
500,000
—__!
"
;
»11
v
Net
Total
from
operating
from
such
service.—V.
161.V
1945
'
1944
1943-
*$3,557,079 *$2,883,450
ivXv'
2,073,000
$1,926,079
3,840,000
$0.50
1
1,631,000
1,123,000
$1,760,450
3,840,000,,
'
X
$0.46
31
was
notes
and
exclusive
and
current
certification
of
inventories
assets,
of
$25,sulphur
of
supplies.
Current liabilities, includ¬
$8,964,564, totaled $9,391,795, and
$2,392,960.—V.
161, p. 1812.
t
of
-
--Earnings—
1945
from
$30,859,114,
'
1944
1943
$165,938
$215,553
$187,20?
50.658
111,155
99,147
76,617
26,339
77,338
83,719
59.943
451.412
543,468
35,071
250,034
277,458
>:
150.238
42,231
169,419
225,984''
107,369
income
1942
.
$165,172
■
railway—.
railway—
532.872
405.196
Texas & New Orleans RR
—Earnings—•
March—
Gross
1945
-
1944
"
!
'
v
1943
1942
from
railway.—. $11,338,256 $11,202,583 $11,655,539
Net from
railway__v—
4,877,522
4,760,650
6,216,693
Net ry. oper.
1,233,493
1,411,614
2,640,456
income_j._
$7,402,045
3,259,818
-
From Jan. 1—.
Gross
;
from
,1V;,
railway—
31.703,894
33,693,464
fjrom -railwayv—-i—
oper. incornc_-__
Net
Net
12,856,804
15,607,384
3,379,745
4,390,488
ry.
—V.
161.
1584.
p.
1,626,328
„
*:
•
32,176.258
19,494,168
17,091,828
7,374,037
-
7,697,848
3,814,910
,
<
Thatcher
;
Manufacturing
Co.—Quarterly
Period—
Gross
sales,
less
freight
and
of
Selling
and allowances
sales—.'
and
income
'
,$2,936,911
2,631,599
administrative
operating
Dec. 31, '44
1,375,011
$804,110
$718,347
•
r;
1
:
*266.989
£131,388
1,018,360
$506,163
$710,354
51,582
15,019
118,015
$89,905
$521,182
$828,369
71.472
487,518
I_—
—_l_—
Total
,
deductions
111,771
prof,
taxes
"
229,225
114,028
t$13,119
profit
Preference dividends
Cr8,746
$220,485
$226,823
$2,093,358
1,594,139
'
$3,440,455 $12,420,087
2,702,906
10,691.373
$38,323
expense
profit
tlncome
$2,398,249
12 Mos. End.
Mar. 31,-'44 Mar. 31, '.45
Mar. 31, '45
sales
returns
Cost
Statement-
3 Months Ended
4"
—
Balance
deductions.
554,793
361,080
'
•Cost
paid
102,514
shares
102,514
410,061
f$115,634
$117,971
+$183,237
Nil
available for com.
$0.80
share
"
Nil
of
operating Long Island City Warehouse included in
selling
during 1945.
tlncludes Long Island City plant idle
during
+Deficit.
:
expense
1945.'
-
.
,
-V.
•' Bonds. Bank Loan and Preferred Stock—
Jeceived by the company from the sale of the bonds
^ stock and from the bank loan, are estimated at $57,exclusive of
company's
■
Net
funds.
.,5,(KM)
accrued interest and
dividends, after deducting
'
.imated expenses of the
company in connection with the
financing
Such.net proceeds will be applied as follows:
(1), $45,100,000 to the payment at
102V2
of the
company's colter/U notes ($44,000,000), .secured by the
pledge of the company's
•''st mortgage 4% note of like
principal amount;
(2) $4,735,000 will be depqsited in escrow
with First National Bank
of Chicago, as trustee under
the mortgage
securing the bonds, to be
in¬
policy
handicapped veterans in
accomplishment. • By Dec. 31,
employees released from
$0.64
Net
the
will be added to the company's
unpaid dividends of such preferred stock
exceed
The
3,840,000
taxes
railway—.
Prov. for Fed. inc. & exc.
Feb. 28,'45
other
possible.
$2,465,274
$29,539,380
200
Income.
income
interest and
extent
$4,538,274
Treasury
contingencies,
Earned per common
be
to
return
Inc.—Earnings—
materials rand
200
income
161,
p.
Notes—(1) The directors
L__
$249,317
$357,266
1922.
dividend
Subs.)—Earnings—
(2)
mon
•After
provision
a
to
1945
profit
share
common
charges
for
charge of
1944
1943
$12,215,100 $11,878,754
per
for
for
$1.09
depreciation,
Federal
$1,000,000
extra costs
income
as
drilling
and
depletion,
excess
special
productive
a
wells,
amortization
taxes
expected
whereas in
be
1944
March
31,
of
the
161,
p.
1945,
the-President
company
to
the
exercised
extent
of
his
3,000
option
shares
at
on
com¬
$15
1471.
per
;
$0.74
and
and
to
On
shares
share.—V.
$8,029,000
$1.06
profits
reserve
on
April 18 declared the 116th consecutive
per share on the convertible preference
stock to
cents
payments
(Excluding European Subsidiaries)
3 Months Ended. Mar. 31—
Earnings
90
of record April 30.
payable May 15. • This payment was
despite the lack of earnings and it should be stated that
future
will be largely dependent upon
operating results.
voted
Texas Co. (&
•Net
of
stockholders
VP,f"C,aU^n(0,.Proceeds
proceedfi to be
MsnSfl
.
and accrued and
be, deducted
—V.
Other
its
to
S.
current
100,000
Operating revenues—gas sales_.—
operating expenses and taxes
fexpects
who
women
the
500
500
*5# clais A stock ui,340,000)
n
to
and
100,000
—
Total
of
U.
oper. income
161. p. 1471: "X
350
300,000
Woodard-Elwood & Co.—.
expenses
March
on
railway.
from
Net
300,000
Two Months Ended—
a
former
v
ry.
200
200,000
Statements of
and
had
1,000
'
—
costs
have
200
50,000
—
might
-
„
200
350
;
Co
to
—
and
for
oper.
Net
x
20Q
200
———
&
development
physically
549
returned
200
—
Stubbs—
for
Net
200
100,000
:
Ca.^
Wood
200
'-1,200,000
r
Wisconsin Co
Dean
"
2,100
——
—
Co.—
White & Co
of
——4
surplus
from
Gross
•
1,300
300,000
—
had
From Jan. 1—
;
200
100,000
-
& Co.—
; ;
200
100,000
———
Walker & Co.
B.
500
200
1,200,000
'
—
Corp.-
to
oil
Mr.'Rodgers,
and
fullest
our
431
March—
350
200,000
Stroud & Co., Inc
Spencer Trask & Co.——
to
men
the
for
said,
;
600
100,000
-
Blodget, Inc,
positions
to
Texas Mexican Ry.
1,000
-
100,000
—
—
the
years
2,000
,
100,000
———————
Vietor, Common, Dann
25,000
750,000
—-
Co., Inc.—
Webster and
Wertheim &
.
100,000
-
utilized
amounted
reserve
200
—100,000
Co.——
Co.—
&
*
-
& Scribner
&
&
Stifel, Nicolaus
Stix
4
"
200
.100,000
—
-
—
Simon & Co.
Stein
-
Co
according
placing
chgs., but bef. taxes..
foreign income & excess
ground
ry.
•••%;.50,000
L
100,000
———-+-
Stringfellow———
Chas. W. Scranton & Co.
Shields
,
and
the
can feel a sense of-worthwhile
provision
600
400,000
Hickman—-——.
ing
Net
-
500,000
——
Hutzler
and
cash
from
300,000
Salomon Bros.
650,674,
above
.1
2,500
..
„
country
believe
.
Net
500
200,000
this
We
for, many
■
Gross
,
•
oil.
in
3,000
*-
125,000
;
.
Co._^
George V. Rotan
L.
Co.,
—
provided
of
deducting charges.of $144,933 in 1945, $127,627 in. 1944 and
1943 for depreciation; $336,961 in
1945, $276,443 in 1944
and $226,537 in 1943 for
amortization, and $100,000 in all years for
contingencies.
'
'
/ '
$112,412
500
%
Gardner—.' 100,000
for
\'In
and have provided the basis for the
of producing companies.
Mr.
Rodgers
the management, Congress or the courts
in the near future.
vY'Uix«.
all
&
300
■
X; 100,000
Co._!
&
petroleum
•After
1
600
—
alarm
adequate
capitalized,"
of
Net profit
Oustanding common shares—
Earnings per share.____
(
200
300,000
25,000
world's
indefnitely," he said.
years
profits tax
200
-
the
of
200
100,000
Putnam & Co.—
all
the
received
"
Co., Inc
50,000
R. W. Pressprich &
Co.—300,000
Reinholdt
•I,
200
150,000
&
Rauscher, Pierce
aft.
Federal
-
200
Phillips Investment Co., Inc.———
Pitman
Prof.
1,000
:
be
Texas Gulf Sulphur Co.,
600
200,000
of
importer
effort
3 Mos. Ended Mar. 31—
</
200
-
crude
as
"
300
.
industry as
of.its
supply
diminishing
1249.
p.
;
\
200
—
petroleum
abundant
the
forces
100,000
Curtis-
its
supply1
remain
will
Rodgers
150,000
—_
and
the
will
to
find
to
they
150,000
—
and
military service.
Their
new
skills,
and
their
td exercise supervision and accept
responsibility
armed
the
200
100,000
Paine, Webber, Jackson &
Phelps, Fenn & Co
from
Earned
<5g
petroleum
plans
Company,
obligations in
including
;
of
whether
trend
entirely
costs
war
25
drilling
Mr.
200
Co.—___—————
Ohio Co.____._-__Pacific Northwest Co.
J. R.
be
350
-
such
the
than
more
and
recognized
100,000
—
that
upon
ability
-
200,000
—
more
"
—
100,000
Co.——
and Moreland, Inc
Mullaney, Ross & Co
of
a
for
cause
are
situation
^
—
Mosle
Maynard
for
——_i———
Co
-
phase of the.
the tank ves-;
Seaboard
the
an
or
65%
substantial
Texas
1944,
300
500,000
Beane———
&
our
supply beyond .its borders,
sayipg that the United
bearing formations i.n the world,,
oil
to
real
no
a
reserves
the
will
1,000
100,000
——
Fenner
the
60
remedy
which
-
1,200
•
——75,000
& Co.—
Lynch, Pierce,
is
200
;
300,000
Co
&
in
have
come,
expense'intangible drilling
or
legal
be
200
•
are
con-.;
,
minimum,
a
Eastern
opinion
will
to
of
about
opinion
creased
200
-
at
country to seek
'authorities
15%
oil
effect
The
200
300,000
It
'V
company
100
———
Co.—
this
the
200
100,000
war
chairman
war.
Most
"imports
be
prominent
in
600
<"
of
States
would
200
—
Mason-Hagan, Inc.,
The
the
involved.
the
on
years
that
its
200
—50,000
crude
force
(
600
———
Inc—-———
Co
McDonald
domestic, consump¬
during the
board
throughout
expect to continue this
require
_
100
300,000
—
the
producing
financial
200
100,000
—
McCormick
Merrill
Texaco's
result,
will
use
stated
1,200
50,000
100,000
:
&
Co.
or
&
notes
issuance
in
v
/•'.s
200
700,000
—
—
J. B. Hilliard & Son
M.
out
industry, Mr. Rodgers
said.
The Commissioner of Internal
Revenue, however, proposed. to
follow former regulations
providing for the option, which have been
2,100
Laurence
States,
worn
to transport petroleum products not only-"
from ports on the Gulf of Mexico
America
opinion, there is
willing to become
would
600
1,200,000
i
Ripley & Co
&
United
European war, motorists should re¬
but we doubt that it will exceed 25%
a
difference
cause
cannot
serious
500
;
will
capitalize
"
200
the
agreement
;
750
•
utilized,
decision made by the Fifth Circuit Court of Appeals on March
6,
.1945, "which held invalid the option of the oil
companies to either
300,000 .',,.-'200
Co.—
cumulative
Co.,
upon
cause
White,
&
6%
Co.
and
&
___
utilized
be
A
200
Whiting, Weeks
agreed
of
full
company will use its
owned by Chicago
registered under the
such
of
to
by the company of $4,600,000 of its
6%
retirement at par, plus accrued
dividends to
the
of
sale
of
Co.—
post-war
now
can
also
As
United
in
'.'come."'
200
•'
'100,000
Loewi
the
in
equipment
products
years.
world's
200
100,000
&
2,100
Union
voted
agreements
retirement, of $960,000 preferred
by the Chicago Corp. and by
White,
payment in
full of
the
remaining $1,500,000
owned by
Chicago Corp. and White, Weld &
end
the
(par $5).
owned
t tat
with
$100),
shares
stock
common
shares
value
payment
notes
date
and
138,000
par
stocks
stock
250,000
•:
loan.
Recapitalization—On April 24, 1945, the
stockholders
its
i
note.
bank
75,000
100,000 fiu..
———
is
/■
200
I
no
no
Note—On
trust
v
„
——i
The
production
First
200
—
a
pressor
into
100,000
———
A.
August,
gas reserves or other assets
relating to
of gas, but consists
solely of the pipe line, the com¬
stations, various appurtenances and a minor amount of miscel¬
laneous property.
the
Co
Mitchell, Hutchins
in
arose
controlling interest in the company's equity securities.
The
——
our
200
200
-
the
oil
been
"We
1,000
100,000
—„
M. Kidder &
Co.______—_———100,000
Kirkpatrick'Pettis Co,.—w——r
100,000
W. C. Langley & Cfo.__
/: 700,000
Lee Higginson
Corp.__^.u—i—^_—/;^—__il—- :
500,000
Carl M. Loeb, Rhoades &
Co.———^
150,000
Texas.
company
company's
150,000
700,000
—
-
'
Co
Kebbon,
limited
problem
the
war
the
but
civilian
the
crude
many
500
■
States
field
—
(Inc.),
South
for
whether
has
200
300,000
—
——
10,000,000
of
Coast,
Rodgers cited
States, with about
200
"
The Illinois
Co._,_———i———400,000
Johnston, Lemon & Co
100,000
Stratton-Agua Dulce and Carthage
and
——
Hornblower & Weeks
a
of
cars
products,"
ration,
America.
from
resources
2,100
100,000
100,000
Hayden, Miller & Co
feet
the
the
continue
end
in
in
as
greater distances
Mr.
500
con¬
starts
be required
Pacific
South
Concerning
600
1,200,000
—
the
own
200
W.
conversion
critical."
500
1,200
100,000
Arnold
the
the
of
products
to
(200
&
real
petroleum
increase
because
in
of
100
700,000
-
,
V,
Co
Kalman
or
50,000
300,000
—
100,000
Hirsch
;•
"since most
undoubtedly
that
products
200
300,000
J.
at
and
300
400,000
Hemphill, Noyes & Co
Henry Herrman & Co
a
contract with the company relating to
gas
Subsequently, the Chicago Corp. undertook to provide financ¬
for
100,000
Inc,
'
Sons.
Eddleman
Hawley,
economically. Surveying of possible
procuring rights of way is going on
in
transportation of
increase
V. '
'
;
some
from
200
150,000
Co.,
i
Robertson
Harriman
sound
no
and
reconversion
sels in. service will
200
100.000
—
Green, Ellis & Anderson
.
1943, when it negotiated
supply.
400,000
-
Granbery, Marache & Lord,-,.100,000
Co.
Company currently purchases all of its gas requirements.
It has
25-year contracts
(expiring Sept. 1, 1970) with Chicago Corp. and
Gulf States
Oil Co., relating,
respectively, to 90% and 10% of the
requirements of the pipe line as now constructed.
The Chicago Corp.
owns
200
Goldman, Sachs & .Co.—————,.4.-—1,200,000
Graham, Parsons & Co.—
300,000
delivery
a
N.
is
Rodgers,
steadily
of
war
H
»
expressed
more
than they are getting now."
•
'
'
The Japanese war, he pointed
out, will probably use relatively
petroleum products than have been used in the European
1,200
100,000
Davis
will
opinion
5,50u
Co
&
&
of,the war ha^
<
Board,
peacetime operations.
We believe that after the war the pe
Industry will run
into m
short
period
of
over-production;
when
ceive
8,500
100,000
-
Equitable Securities Corp
Farwell, Chapman & Co
Folger, Nolan, Inc.
com¬
for the sale of 100,000,000 cubic
part at the option of the purchaser)
in
cubic
Natural
daily
similar.
from
years
Fuel
&
&
Dain
Dewar,
the
provides
and
200,000,000
Hope
feet
20
to United
gas
M.
faces
Mr.
"Rationing
tinued,
"will
Pfd. ShS.
700,000
—
—
Co.—
Collins
said
but
the
project
company
replaced.
each,,.',
out
-
,
the
transport
"
tion
6,200
-
Byllesby & Co, Inc.—
Paul H.
daily.
The company's contracts for the
and Hope Natural Gas Co. are
and
2,500,000
—
-
Curtiss, House & Co
horse¬
the
bonds
$4,100,000
——
Co., Inc.———————-—
&
and
Cruttenden
compressor
compressor
with
Blair
Brown
M.
J.
daily to its present customers at the sales pressure base of 15.025
pounds per square Inch.
The corresponding summer delivery capacity
is estimated at approximately 202,000,000 cubic feet
is
—
Courts & Co
feet
tracts
of
to be purchased by
to
preliminary work
the manufacture
troleum
fAuthor-
2,900,000
Inc.
Bond
Becker &
Julien
substantially continuous operation, the line demon¬
delivery capacity of approximately 210,000,000 cubic
winter
shares.
amount
Cq
Central Republic Co.
W.< Clark & Co._
connec¬
with
and
G.
the
as
and
during
principal underwriters of the bonds
principal
«.
E.
the
to
where
Co.
rated
1945,
Kenova
Va.,
Gas
now
58,000
February,
from
W.
Fuel
Company
aggregate
an
the
in
the
the
250,000
arising
.
.
.of
,
&
Bankers
Alex.
respectively.
Natural
other
containing
and,
miles
85
of
with
Hope
stations,
power
and
Station
made
and
Inc
Blyth & Co., Inc
the
Natural Gas Co.,
years,
line
said.
"The
"*75,000 shs.>.
"•
,
Chairman
belief tha
crude oil from the Persian Gulf
port on the eastern Mediterranean would be built within the next;
a
in
15,000,000
Rodgers,
pipe
period,"
$35,000,000
Bosworth, Chanute, Loughridge & Co
The
total
length of the transmission line is approximately 1,265
miles, consisting of 1,180 miles of 24-inch pipe from the western end
to Kenova, W. Va., where connection is made with
the lines of United
Co.,
of
names
Brothers
Boettcher
deliveries of natural gas are made under 20-year contracts to the
company's two principal customers, namely, United Fuel Gas Co. and
Hope Natural Gas Co., subsidiaries of Columbia Gas & Electric Corp.,
Gas
Weld
William
Company—Company has recently constructed and is now operating a
natural gas transmission pipe line extending from the
Stratton-Agua
Dulce field
(near Corpus Christ!)
in Texas to West Virgania, where
Fuel
to
S.
proposed
few
notes
£120,000 shs.,
tAuthorized,
Bear, Stearns & Co
due
and Consolidated
such
Financing
1965
_—___ _—_—
Baker, Weeks & Harden
company has placed a $15,000,000 2% bank
1946-52, with The Chase National Bank, New York; First
National Bank, Chicago; Continental Illinois National Bank
Trust
Co., Chicago, and Harris Trust and Savings Bank, Chicago.
*
of
Ball, Burge & Kraus
Dillon, Read & Co., Inc., Glore, Forgan & Co., and White,
Weld & Co. headed a syndicate which on May 3 offered
$35,000,000 first mortgage pipe line bonds, 3% series, due
1965, and 75,000 shares ($100 par), 5% cumulative pre¬
ferred stock.
The bonds were priced at 102% and int,
and the preferred stock at $104 per share plus dividends.
i
series due
preferred stock severally
Whipple & Co.
Baker, Watts & Co
Tennessee Gas & Transmission Co.—Securities Offered
loan,
Completion
Bacon,
1584.
same
of
S.
routes
3%
shares.
stock
shares of
C. Allyn & Co.,
The
the
for" contingencies
$2,000,000
made.
W.
6%
company's
(par $5)——l—;
preferred
Almstedt
Gross Troni
At
Income of
to
been
,
1V*%,
$50)—J-—-__LX->v*138,000 shs.
Read & Co.,
White,
A.
From Jan. 1—
oper.
of
of $150,000
Glore, Forgan & Co.—
38,005
railway
oper. income—
iry.
Upon
$1,350,000
and
Bonds
66.256
Net
involving
payments;
follows;
as
Dillon,
$309 876
from
—V., 161. P.
such
company's
&
1942
1943
1944
(par
stock
the
are
Ry.—Earnings—
Net
from
of
Outstanding
Underwriters—The
and
March—
Net
payment
Corp.
75,000
120,000 shares.
ized,
100,000
Inc
1922.
from
for
of
the
Chicago
Co.
•Authorized,
number of
Gross
contractors
company
$6,000,000
preferred stock (par $100)-—————-
stock
Common
&
Webster and Gibson—
500,000
Tennessee
by
Weld
First mortgage pipe line bonds,
2% bank loan due 1946-1952
100,000
R.
500,000
p.
the
Monday, May 7, 194
he
100,000
Merrill, Turben Si Co.
850,000
850,000
Co
161,
reimburse
the
to
owned
notes
by White,
Capitalization
Space
Lane,
Co., Inc.
ULaird, Bissell & Meeds
&
____
Putnam
—V.
Johnson,
1,000,000
Inc.__
Marache
Co
Illinois Co.
1,000,000
_—_
Tucker, Anthony & Co.
A. C. Allyn Si Co. Inc.
owned
100,000
100,000
100,000
1,000,000
Burr,
to
the
100,000
&
Hall
&
100,000
Cooley
&
Granbery,
settlement of claims of
or
or
to
$1,500,000,
demand
Co.
&
Julien
Harris,
Co.—
(4)
Chanute,
1,200,000
White, Weld Si Co.—
Coffin
costs,
$6,000,000
payment of
90-day notes payable to banks; and
300,000
200,000
1,200,000
Shields
Co
(3)
—^
Loughbridge
Moseley & Co.__
&
payment
construction
Corp,
F.
in
.
The First Boston
Merrill
disbursed
re¬
in
after
1945
allocated
a
charge
Thermoid Co.—Stock Reclassified—
The
stockholders
share of
one
present $3
share of $2.50
on
April 27
convertible
convertible
approved
a
proposal
to
reclassify each
preferred stock, of $10 par
value,
preferred stock, of $50 par value.'
into
The
Volume
The
945
the
and
common
.
.
~
operating
from
Deductions
Profit
Other
inc.-
oper.
gross
credits
10,041
-
2,950
the
—
—...
_—
tDue
company
for
Prov.
Net salessales.—
Cost of
50,000
:
25.000
$428,254
Number of outstdg.
shares-—-.
886,541
Earnings per share-.———
—
$0.59
$0.48
•No liability for excess profits tax.—V. 160, p. 2115.
$220,330
886,541
•Prov
Fed
for
*
50,000
tax
inc
.
Net
to
divs.)
(bef,
surplus
$525,519
886,541
—
Selling, adv., gen. & adm. exps.—
xt
v
n
v
iftn
GrosYfr^n
Net
Hp*
rv
railway
187 859
199,153
held
Net
.
642,849
516,633
,
income—
Deficit.—V. 161, p. 1584,
oper.
ry.
Liabilities—Notes
Tri-Continental Corp.—Listing ot Debentures—
161
outstanding —V
«
r
//'v /;
'i '
.'
Carbon Corp.-Earnings-
Union Carbide &
?'■*
1812.
p.
'*\
^
750; common shares
«
;;
•
Quarters Ended. Mar.
31—
:
Income
--
14?'7oZ
funded debt—
♦Depreciation & amortization.——
♦Income and excess profits taxes-
Interest
qn
y
/
.
.
,
Net
income
Earnings
27,126,849
•'x K ■■■:■; 4:-«.Q a1ftm
$9,510 113
$9,009 071
tq 009 071
—
»luj
share—
per
1923.
161, p.
•Estimated.—V.
;
,
accounts
payable—
(par 50£), $114,000; capital surplus, $161,784;
'•
March—
and
1944
April
1,
at
1974,
United Biscuit Co.
of America (&
31—
RUer
nr
nrnv
etc
•FarninJs\er^
Earnings per.
taxes
share"
$365,057
$0.71
—
-
— --
-
'
$291,805
$0.56
and
deurec
int
Fed
nrnfit
Npt
•
Quarter. End. Mar. 31—
*Net profit
Common shares
Earns, per com. share.
1943
1944
$301,431
$0.58
,
''After
0„fcfQl1riino'
•On
468,283
the
shares of common
1945, $1,162,000
for
stock outstand
for
Earnings for calendar
'
1942
Serial
21/4%-25/8%
notes,
div.
$5
F?
income"&
income &
Fed
Fed.
Net
stock
profits" taxes—
tax
excess
excess
proms
be
common
Earnings per
share-—.
Partial Redemption
The
has called for
$350 000 of 3% J
the
%
of
of
No
then
made
be
will
''
Quarter Fnded
V-
after^Srges
Federal income and' exc.
Sme ana
Probt
income
and
and
profits
excess
1944
1945
.
under
,
total
a
cash
The
ments.
$2,770,738
1,136,656
613,876
750,000
$0.34
•
$2,208,105
1,705,657
$2,940,676
2,399,239
$2,262,824
1,766,021
to
taxes
1
1943
1944
$2,754,870 $2,474,551 $2,309,672
1,314,260
1,271,533
1,165,050
633,649
617,474
635,111
3,648,954
6,835,138
3,^60,354
6,902,022
.3,476,561
1,766,386
1,868,269
1,888,866
1,904,147
&
Power
1
accrued interest from March 1,
•United States
ThP
stockholders
Plywood Corp.—Split-Up
April 27 approved a
on
Approved— :
two-for-one split-up of the
the distribution this month of one
share of record April 28/.
However
the New York Stock Exchange directed that the common
,™uw,lvU® ted ex said distribution until May 2.
%he stockholders also voted to increase the authorized common stock
from
350 000 shares
to 1,500,000 shares, $1 par value, with 25,000
Shares of'$100 par value preferred stock remaining unchanged.
There
Sere 300 382 shares of common stock, including 450 shares of treasury
Iteck Standing prior to the split-up. V ,
■
• •
It 'was further
voted that after giving effect to the contemplated
stock split-up, 100,000 additional common shares would be offered for
public
distribution, and that the remaining shares of authorized
common stock would remain unissued, or held in the treasury of
the
of $1 par value, by
ttdWitional share to holders of each
stock
common
company.
-
outstanding
affect
items
common
stock will approximate $4 a
share
it
tQgether with any additional bonds o{ series
resent
,
s
,
securities and certain current assets);
■
•
Additional Issue and Substitution Provisions—Mortgage permits the
issuance of additional bonds of series E and other series (all ranking
Pari passu with the deposit of cash an unlimited to the extent of 60%
new bonds) to therefor, or principal amount, for
refunding,
upon
of net amount of additional property as defined in the mortgage. Such
earnings? Lawrencer Ottlnger, President/
on
nroreeds
said. Cash and cash
hand now are around $5,000,000, without giving effect to the
of the nroposed sale of common stock, against $2,566,000 at
the end of the 1944 fiscal. year.—V.
the enaei tne l
y
161, p. 1923.
•
•
„
>
or
,
'
-TTiGvie
.
T
pn«
Stook
fn
Offered
TJnivis Lens Co.—ibtoeK oik-rea
in
our issue
Mention was made
;ien™n
Of April 30 Of the Ottering Ot 4/,0UZ
snares
^ amoun(. q{ additlonal property will equal (i) $10,000,000 of
unused net additions certified on or prior to May 26, 1944, plus
;
stock (par 50 cents) April 26 by Allen & Co.
nrired at
50 oer share
The issue was oversubscribed.
pricea at $O.OU per sna e.
Of the shares offered 35,502 do not constitute new Zl-
net additions (or less net retirements) after May
of common
nancing.
"
and permits the substitution of certain types of property
without formal release.
Maintenance and Improvement Fund—Company will covenant so
long as any bonds of series E shall remain outstanding to deposit with
the trustee annually on or before April 1 of each year (beginning
April 1, 1946) an amount in cash equal to the amount by which (a)
15% of total operating revenues (less rentals and cost of electricity
and gas purchased for resale) from Dec. 31, 1944, to the close of the
preceding calendar year, exceeds (b) the aggregate of all expenditures
during such period for maintenance and repairs and renewals and replacements, and the amount of additional credits for additional property, retirement .of- bonds or refundable debt, funds in escrow, and
cash and bonds and refundable debt (taken at their principal amount)
held in the fund. Any amount of cash or bonds held in the fund may
be withdrawn and any net amount of additional property or any retired
debt may be reinstated as unused as provided in the mortgage.
Sinking and Improvement Fund—Company will covenant to pay to
mortgage,
and
under the
-
effect of the
abandonment
upon
sale of
these
of the pur¬
case
electric
of
railway
properties on March 31,
operating revenues of the company is
for
company
a
1944.
Virginia Railway &
as
the trustee, except to the extent that the company uses the
Power
and,
Co.
by
amendment to the
an
acquired,
Company
by
merger
Virginia Public
of
May
on
Service
26,
1944,
(VPS)
Co.
the
and
businesses
subsidiary
and
com¬
panies, operating an electric business in Virginia, the east central sec¬
tion of West Virginia and in a small section of the northeastern part
of North Carolina; a manufactured gas business in Newport News and
Va.,
in
and
Newport
vicinity and a coordinated street railway and
News and Hampton and vicinity.
The VPS
conducted
were
through
Citizens
Transit
Rapid
bus
bus
Corp,,
a
at time of merger.
Immediately prior to the
pany
Engineers Public Service Co. had
Corp., parent of VPS,, which
with Engineers or Vepco, all of the
outstanding shares of common stock of VPS and a claim by General
Gas & Electric Corp. to $1,165,167 of escrowed funds for an aggre¬
acquired
from
retirement
Gas &
affiliated
not
gate price of $2,500,000.
tributed
claim
said
merger
General
were
In connection with the merger Engineers con¬
the
to
Electric
capital
of
VPS
and
$2,500,000
in
cash
to
»the capital of Vepco.
Upon consummation of the merger each share of Vepco old preferred
was converted
into one share of Vepco $5 preferred and received cash
of
$1.10
and
accrued
to
into
verted
VPS
of
The
of
Vepco
of
electric
preferred
$5
$19.92
Is
energy
and
at
and
in
of VPS
in cash.
acquired
its
of
by. Engineers,
capital
stock
common
represented
by
so
the
$2,500,000.
Company
dividends.uto
as
each
addition
each
share of
> ,t -y v.
aforesaid,' was
150,000 shares of common stock of Vepco and in respect
of
amount
unpaid
received" $25.57 in cash and
received
additional shares
amount
retail
of
preferred
stock
common
such
the
share
7%
preferred
converted«into
and
and each share of VPS preferred, including all rights
unpaid dividends thereon to May 26, 1944, was con¬
one
VPS
6%
accrued
representing
share
per
1944,
26,
May
Vepco increased
issued,
common
stock
by
the
1
.
engaged in the business of generating and purchasing
and transmitting, distributing and selling the same at
wholesale
in
an
area
in
Virginia, northeastern North
central
West
Virginia, comprising approximately
major manufacturing industries in the
and
tobacco
products,
shipbuilding,
textiles (including rayon), food and kindred products, chemicals, paper
and
pulp,
wood
products,
metals and
machinery, stone and clay
products and trunks and bags.
»
Company sells electric energy at retail in 990 communities and sur¬
rounding territory with an estimated aggregate population of 1,694,000.
Company sells, for resale, electric energy to: nine municipal systems
serving a total estimated population of 38,000; seven electric coopera¬
tives and five other utility systems.
It is estimated that 67%'- of the
population served is located in communities with a population of more
than
1,000 inhabitants.
All of the company's systems are Intercon¬
nected, with the minor exception of facilities serving Purcellville and
Middleburg, Va., and adjacent territory, and interconnections with
and
Carolina
east
29,700
square
miles.
territories
served
are
other
electric
Company
The
tobacco
utilities
conducts
are
maintained.
manufactured
a
*
gas
business in
Norfolk,
•
.
South
Norfolk. Newport News and Hampton, Va
and vicinity.
For the year
1944 70%
of total operating revenues was derived from the electric
,
from the gas business, and 25% from the transportation
Respecting properties now owned, 93% of the 1944 operating
derived
irom
electric
operations
and
7%
from
gas
business, 5%
business.
The mortgage also permitsthe company with the provisionsthe lien
the release of property from of the
upon compliance by
"
Capitalization—After the issue by the company of the 12,000 common
shares to be sold by it, the number of outstanding common shares will
the
(ii)
26, 1944.
thereof
Business—Company was incorporated in Ohio Sept. 19,
name of The Stanley Optical Co.
In 1927 name was
changed to Univis Lens Co.
Plant and principal executive offices are
at 401 Leo St., Dayton, O.
The. Univis Corp., a Delaware corporation,
is a wholly-owned subsidiary.
"**. ~ ■'"».•
Company's business consists of the manufacture and sale of high
quality opthalmic and other precision lenses and prisms, and optical
elements for assembly into military binoculars and other military instruments " Company's line of opthalmic lenses consists of multifocal
glass lenses of approximately 25 types which have approximately 2,500
different combinations of base curves and foci.
These are used in the
optical trade for spectacles and eyeglasses.
Company does not manufacture or sell any single vision opthalmic lenses made from glass, excerpt one type of cataract lens which is sold in insignificant quantities.
History
1919
E or of any other
series, will, In the opinion of counsel for the company, be secured by a
direct fi^st lien on all physical properties and franchises owned by the
company on the date of the initial issuance of the new bonds (except
'
u
the
of
share
Security—New bonds (series E) will be issued under an indenture of
mortgage dated Nov. 1, 1935, as supplemented and modified. The new
Qnnrnvimate
ytvfe '
°n J
1
1945.
100,8229 for a 234% coupon.
.. Halsey, Stuart & Co., Inc., and associates were the only other bidders
for the issue and offered a price of 100.3913 for a 2%'/c interest rate.
Dated as of March 1, 1945, in the case of coupon bonds and as of
the date of issue in the case of fully registered bonds; due March 1,
1975. Principal and interest (March 1 and Sept. 1) payable at principai trust office of trustee, Chase National Bank, in New York, N. Y.f
or, at option of bearer of coupons, interest will be paid at office or
* agency of the company in Boston, Mass., or Richmond, Va. Coupon
bonds in denominations of $1,000, registerable as to principal only.
Fully registered bonds in denominations of $1,000 and multiples thereof. No tax free or tax refund provisions,
Listing—Application will be made in due course to list and register
7 jjjg new bonds on the New York Stock Exchange,
APr1 30. 1945 wil approximate
fiscah
ye^ ending
$29,600,000, against $20,bOO.OOO for the Prc«d"}8
holders-were told. -Earnings in the• cunent:
^eJr
for
Sales
Co.—Bonds
The issue was awarded on a bid of
.
net
companies
7,812,632
3,033,795 '
Electric
The
rails
remove
wholly-owned subsidiary.
The revenues of VPS and subsidiaries rep¬
resented one-third of total operating revenues of the combined com¬
1942
1—
Virginia
including the obligation, In the
them,
Newport News street railway property, to pave and repair
to
operations
;
Offered—A
Net profit——
—i$4nn'^rn i$4nn'sS
group headed by Stone & Webster and Blodget, Inc. on
$0 36
■' wis
$0.35
May 2 offered $59,000,000 first and refunding mortgage
Earnings
per^re_—-bonds. Series E 2%%, due March 1, 1975, at X01"/2% and
proi
prof,
$1,292,100, subject to minor adjust¬
obligations of the company under
all
1945,
reduction of) $319,000 based on war time results of the full year 1944, of which $273,000
(which includes the earnings from the Newport News properties only
from the date of the merger) is included in.the net operating revenues
the
on
Hampton,
7,882,827
of
assumed
transportation franchises of the company which have been
and
service
y
1945
consideration
purchasers
various
properties
Net ry. oper. income—
-V. 161. p. 1924.
1943
its
1925.
Gross from'railway—„
Net from railway^
c
1944
the preferred
of
Properties—Company sold all of
Transportation
charter, name was changed to" Virginia Electric & Power Co. on Oct. 27.
750,000
$0.32
1945
of
adjustments.
The purchaser assumed all obligations of the
the various transportation franchises of the company
transferred to the purchaser, including the obligation
to pave and repair streets and to remove rails upon abandonment of
electric railway service.
The effect of the sale of these properties
on the net operating revenues of the company is negligible.
.
' •
Company sold its remaining transportation properties, including all
of the capital stock of Citizens Rapid Transit Corp., on March 31, 1945,
190.9,
750,000
$0.30
From Jan
J/3
vote by
opposing
History and Business—Company was incorporated in Virginia June 29,
,
750,000
$0.31
Inc.—Earnings—
March 31—
profit-sharing
Federal
1942
■' i-
.
„
-United Drug,
for
1942
$295,236
129,281
$2.08
all other
$252,515
Gross lTom railway—
Net from railwuy„„„
Net ry. oper. income—
majority of the preferred stock and
a
an
minor
service.
,1943
$236,132
129,281
$1.64
J944
$176,837
129,281
$1.18
1943
°"
subject
series,
transportation properties in Richmond, Norfolk and South Norfolk, Va.,
on
Dec. 29, 1944, for a total cash consideration of $3,228,100, subject
streets
$236,962
1?ggc atpavPay
in
the absence of
Sales
transferred
3,879,368 * Earnings per outstdg...
Com. shares share.^
&
interest rate.
the company now
affirmative vote of
only in
Recent
the
$224,008
debentures due April 1,1955.
at the °«ice °f vG^„m^n'nf4K
agents, 30 Pine St., New York, N. Y.—V. 160, p. .446.
inent
notes aggregating $4,000,000
stock.
for
•
March—
$835,000 maturing
1, 1945, to Feb. 1,
and
1945,
rate;
1, 1949, to Feb. 1, 1954, carry 2%%
issuable
the
without
1,
interest
authorizes 500,000 shares of pre¬
to further increase on consent
the preferred stock and the requisite vote of the common
additional shares in excess of 289,491 shares may be issued
stock
stock.
2>/4 %
carry
charter of
IThe
by the stockholders is $75,000,000.
Feb.
notes aggregating $8,715,000 due Aug.
from Aug.
due
maturing
$300,000
inclusive,
1949,
27,290
$233,790
v
^demption
company
interest,
and
,
,
be issued thereunder is unlimited except that further
by the directors and the amount -of bonds must pot ex¬
amount authorized from time to time by the stockholders.
tIncludes
320,469
73,333
$1,578/783 $1,388 590 , -V. 160, p. 2584.
.
^
$3.10
»2.70.:
virginia„ Ry._Earnings_
—
4,000,000 shs.
par)
authorized
50,589
excess profits taxes-
•
289,491 shs.
2,938,445 shs.
289,491 shs.
par)
comply with the restrictive provisions of the mortgage and
issues must
389,441
105,598
-
depreciation,
reserve
(no
bonds which may
41,711
" ■
1813.
Net prof. aft. inc. and
.. .
V5,267,958
4,459,000
,
,
for
a
($100
•Mortgage provides that the amount of first and refunding mortgage
413,582
100,670
1945
$188,106
258,182
$0.66
Quarter End. Mar. 31—
1943
1944
profit '
p.
113,850,000
—
(Issuable in series):
stock
pfd.
Common
25,122
13,677
'
victor Chemical Works (& Subs.)—Earnings— '
6,037,783
—
provision
including
taxes.—V. 161,
'^50,280,844 $45,522,850
sales
u
Est.
charges,
Years
'
-
'nrnk*
g.
aggregated $1,463,671
1944 and $1,035,000 for 1943.
and excess profits taxes
Note—Federal income
Outstanding
$59,000,000
12,715,000
$59,000,000
due 3-1-75
IPreferred stock
$103,898
Van Raalte Co., Inc.—Earnings—
Subs.)—Earnings—
1945
Mar
1, 1968, at 105; $3,000,000 series C
109, and $23,000,000 series D 3%, due
at
Authorized
Series E 2%%,
chaser of the
Quarters End
re¬
Capitalization Giving Effect to Present Financing
42,063
20,767
44,440 ,:,
■",;>*
—V. 161. p. 1472.
-
the
•First and refunding mortgage bonds:
to
1943
13,109
tv
Gross from railway—
341,964
Net from railway—72,345
Net ry. oper. income.—
of
due Sept.
1, 1971,
106%.
due March
3Va%,
$137,382
$133,217
29,767
21,282
14,241
From Jan. 1—
$9 382 021
$9,382 031
* -UJ-
3 Vs %,
B
500,000 series
company
$117,118
Net from railway—;—
Nefc ry oper income—_
option
the
which have been
1945
*
Gross from railway
*
.
$150,000;
Utah Ry.—Earnings—
.
8,685,397
25,187,662
8,263,234
25,246,913
7,784,622
:
o
„
banks,
eamed sul"lu8' $479'449: t0,sl- «,323,8i3._v. x«i, p. 1924.
,
and Canadian Cos.)
v., v
l9i5oort *»*?£}}*»*
$44,568,330 $42,674,773 $43,422,158
(incl. Wholly-Owned U. S.
.
to
(withholding taxes, etc.), $22,736; accrued liabilities, $86,552; provi¬
sion for Federal income and excess profits taxes, $372,770; current
instalments of long-term liability, $25,000; long-term liabilities, $638,-
Exchange
has authorized the listing of
debentures due Feb. 1, 1960, all of which are issued
3V,%
so -nm non
payable
at
from time to time, upon
or
interest to the date fixed for
with accrued
case
The amount of bonds now authorized
trade, $151,800; partial payment in advance on contract, $53,281; renegotiation refund for 1943, $67,692; payroll and royalty deductions
Stock
York
New
The
first
ferred
'
4
u
r-i
redeemable
Chase National Bank, New York, as trustee under mort¬
1, 1935, and about $3,450,000 general funds of the
to be applied to the redemption of all of the company's
refunding mortgage bonds now outstanding, namely, $37,-
May 1, 1945;
>
-
be
Nov.
total. $2,323,813.
•/J.bbo
546,077
will
bonds
are
policies, $12,996; post-war refund of Federal excess profits tax, $48,069; prepaid insurance, etc., $15,717; property, plant and equipment (less reserves for
depreciation and amortization), $414,173; intangible assets, $18,229;
■
^
77,666
tories, $920,409; cash surrender value of life insurance
«2*742
#T,'fioo
63/, 39
801,895
638,305
,
98,099
Assets—Cash, $89,783; U. S. Treasury notes, at cost, $300,000; receivables (net), $450,937; advance to subcontractor, $53,500; inven-
424 100
,1 3,
1,367,943
1,236,182
railway—
from
1,
Dec.
by
dated
company,
b,oUb
0,0/0
_
Consolidated Balance Sheet, Dec. 31, 1944
,
40,032
16,533
_
railway—
from
Gross
Net
236,080
$12c'Sk
—
dividends
to
E,
whole or In part at any time
a
together in each
ceed
$^974
.
,
Froin Jan. 1—
365,123
$222'n7°
68,400
•
ri1
uiviaenub
65,000
109,000
161,500
—
$182>487
1943)
237,348
206,237
276,260
141*946
"
income
oner
i?'
.7,133
4,045
32,232
131,600
* After credits for refUndretirement in($26,220 in $18,000 in $10,500 in
debt ($30,069
1942 and 1944).
and post.war
1943 and
Famines
learnings
$4^618*.«40M37
$410M59
"
"
railwav
from
$433,643
Common
•
Mr Wpsfprn RR
& Western Kit.
Po/iria
Feoria
$700,858
Jrreieneu
property,
beginning
year
demption.
20,643
$507,818
——_—.
__
•
p
onnft
1DU'. v' zuuo\
-
Toledo
11,016
Federal normal and surtax
-Excess profits tax
of
$181,000
fund,
$689,842
1-5,504
Total other deductions
redemption on June 1,- 1945, through
3 V2%
sinking fund debentures due
Aoril 1
1960
at
1013/4 and interest.
Payment will be made at the
entral'Hanover Bank & Trust Co., trustee, 70 Broadway, New York,
for
called
been
have
sinking
as
$413,000
$492,315
Total income
x.
Co.—Partial Redemption—
Toledo Edison
There
the
439,248
443,080
.
•
_
492,632
•
Other income
; <■
each
days' notice, at certain percentages of the principal amount thereof,
30
gage
Net profit from operations—.
,a.
—
$0.25
amount" of additional
in
of the total principal amount of
be applied to the purchase, or, if
Purpose—The net proceeds, together with $4,035,791 of escrow funds
1944
1943
1942
$4,223,988 $3,957,350 $2,039,529
—.—3,23.9,042
2,824,428
1,187,281
147,962
188,404
255,012
deple., etc.-.
deprec.,
1
1%
not
Redemption—New
Consolidated Income Statement, Years Ended Dec. 31
*
of
be
may
company
shall elect to undertake.
series
of
net
a
Dec.
V2
withdrawn by the company on the basis of additional
property or the retirement of bonds and/or refundable debt.
now
$432,*696
^lS
$122|796
Income5 cha?Ss -l—IIIIl—III"—
extent
or
and
directs, to the redemption of bonds of series E, which,
so applied
within 90 days after each payment is
so
company
made,
1
(estimated at
debt
1
June
on
bonds
issued
the
to
$59,205) will be applied to the purchase of Government securities to
be held available to finance a portion of such post-war expansions as
$423,038
$709,416
8,401
$943,286
operations-—,
from
income
the
600,000
Underwriter—Allen & Co., New York, isshares offered
underwriter.
Furpose—Net proceeds from the 12,000
478,606
refundable
or
amount equal to
an
then
$60,000 annually April 1, 1946 to 1953, and $120,000 on April 1, 1954.
$901,611
$1,294,406
584,990
,228-000 8hs'
600,000
Due $1,250 monthly to May 1, 1947, when balance matures.
1943
1944
1945
$1,608,349
665,063
income^—,
1Qio
1 oaa
,„,c
..
Quarter Ended. Mar. 31—
Gross
h30°k°,0 ^
Co.T°n„s^es l""
(& Subs.l-Earnings-
Coal & Oil Co.
Texas Pacific
1945,
$125,000
t4Va % promissory note
bonds
semi-annually
Outstanding
$63,750
Authorized
.*4% mortgage note
,
of
The company's capitalization, as of Dec, 31,
be increased to 240,000.
1944, was as follows:
stock was increased from 36,787 shares to 50,000
-stock from 775,000 shares to 975,000 shares.
amendment ta the certificate of incorporation was filed May 1,
_v. 161, p, 1922.
authorized preferred
shares
2043
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
161
was
revenues
Of the electric operating revenues, 93% was derived from
Virginia,-6% from within North Carolina, and 1% from within
Tne gas business is located wholly within Virginia. <
operations.
within
West
Virginia.
Pro
Forma
Balance
Sheet, Dec. 31, 1944
(Giving estimated effect as at Jan. 1, 1944, to merger, sale of trans¬
portation properties and
proposed refinancing)
Assets—
Total
and
cash
other
investments
investments-^.
,_I
receivable
Accounts
receivable,
Materials
and
less
supplies,
Prepayments
Total
deferred
Capital
stock
reserve
less
I
"III
IIIIIlIIIIIIlII
II_I
.1
«...
IIIIIIII11IIIIHIIIIII
debits
expense
^
Total
reserve
„
1
.
$136,627,450
;
deposits
Special
Notes
,
plant
Temporary
I_„._I_I_
441*754
' 15*838
*
5^263
2,774^540
1,572^008
' 49^49
4.756|852
5
'298*.519
$151,541,473
combinations; radio receivers for automobiles; television receivers, and
modulation radio receivers and radio equipment.
The company's principal customers, most of whom have been cus¬
tomers since the company was formed, include the following:
Mont¬
Liabilities—
dividend
$5
Total
preferred stock
long-term
Notes payable
Accounts
Taxes
debt
70.580.000
■
due within one year—
payable
Customers'
13.546,555
—
2,270,000
_—
deposits
Stores,
Angeles,
accrued
Other
current
liabilities
deferred
credits__
1,129,793
Taxes
utility plan acquisition adjustments___
prior years
——■
Injury and damage claims
in
Contributions
Capital
construction—
of
surplus
Earned
aid
——
*
surplus
*
Net
from
ry.
West Disinfecting Co.—Partial
There
1.031,324
6,819.861
Underwriters—The names of the several
principal
of
amount
Si
new
bonds
__—$151,541,473
purchasers of the new bonds
purchased by each are as
2.500.000
2,500,000
Blown
M.
C.
P.
Si
Si
___
&
Co.____
Drexel
F.
Paine,
400,000
Riter
&
1
through
next,
Shepard
&
Co.
separate
made in
was
systems
communities,
water
corporated
Jackson
"Virginia.
1,000,000
ties
500,000
Co—■
Of
The
Service
Co.—Stocks
to
in
consumers
and
20
10
Net
ry.
163,570.
\
Anthony &
Union
Securities
Weld & Co.—•
Maint.
Corp._ 2,500,000
Operation
Co.__
Income
ry.
for
taxes
Other
;
Statement
1943
1942
taxes__.
262,474
1
112,867
341,158
1942
$2,351,741'
730,448-
$1,773,820
1,045,605
590,876
-
257,431
310,428
185,562
5,841,518
6,571,424
4,898,419
2,990,945
2,070,206
2,846,731
919,297
750,404
870,288
'
'•
'
1,567,293
632,898
Spencer Co.—Comptroller Appointed—-■
Holder,
President,
on April 25 announced the appointment
Comptroller of this company and its subsidiaries.
as
Assistant
as
1943
$2,034,003
7,036,509
income
Bekaert
Mr.
has
been
associated
Treasurer.—V.
Wilson &
161.
with
Wickwire Spencer
since
of
1943
1706.
p.
Co., Inc.—$1,133,000 of Bonds
Called—
The corporation has
first
of
called for redemption on June 1, next, $1,133,000
due April 1, 1958, at 101V2 and interest.
made at the Guaranty Trust Co., co-trustee,
140
mortgage 3%
Payment
will
be
bonds,
Broadway, New York, N. Y„ or at The First National Bank of Chicago,
111.—V. 161, p. 1473.
$1,446,630
525,688
446,722
94,356
§.6,172
118,253
119,341
75,359
108,108
79,814
103,000
183,.TSittr'-';^-i84j'6b5
186,896
186,369
depreciation,
&
.
M.
Grace,
his
Net
-
17,807,052
3,590,258
12.398.691
2,409,244
235,537
3,311,162
127,500
119,000
656,059
526,596
8,626,276
6,787,032
337,482
223,491
3,613,325
$474,351
$470,663
"$477,879
38,560
18,028
19,300
$518,602
$509,224
$495,907
$536,025
284,140
income
&
of
amort,
disct. &
310,127
debt
the sales promo¬
Secretary.
1925.
will
He
also
,
.
Corp.—Weekly Output—
Wrigley,
income
$234,461
Co.—Earnings—
profit
$4,985,638
Expenses
$4,575,277
1,887,058
2,202,232
164,975
1942
$5,945,214
1,881,908
$4,831,033
' 2,277,691
170,124
184,754
173,933
$2,618,431
$2,518,096
$3,878,552
$2,379,409
•310,292
—
■
320,144
321,830
$174,077
$199,097
Jr.,
(And Wholly Owned Domestic Subsidiaries)
Quar. End. Mar. 31—
1945
1944
1943
Profit
Net
p.
of
manager
Assistant
10,991,00
Depreciation
r-Z-Vy;:
& exp.
prem.
years
161,
output of this corporation fcr the week ended April 28, 1945,
kwh.„ as compared with 10,814,000 kwh.
for
the
corresponding week last year, an increase of 1.6%.—V. 161, p. 1925.
$516,725
44,251
earnings
2,673,069
Int.
15
elected
114,000
2,820,347
„
been
position.—V.
Wisconsin Public Service
totaled
yy
151,100
•
Gross
has
former
Operating
Zr
the past
for
department,
Electric
profits
exc.
John
tion
retain
Fed¬
1944—12 Mos.—1943
$2,912,758 $45,119,425 $33,441,089
222,843
__
P.
1944
.
Wickwire
1941
$1,492,930
Other income
1,168,263
taxes__
income
Federal
163,600
1473.
p.
(Win.)
Earnings
325,617
;—
561,478
'
802,258
Winthrop Chemical Co., Inc.—Official Promoted—
555,540
income)
Fed..inc.
1,000,000
479,955
—
income
oper.
161,
E.
Calendar Years
for
$1,543,820
repairs,
Taxes (other than
eral
1,796,531
Maintenance
Depreciation
'40,257
-
'V..-
1,177,223
Chicago,
$1,593,338
revenues
and
Prov.
1,500,000
700,000
Wisconsin
of
Operations
Weeks &
Stubbs
The
$4,424,827
revenues
".
133,557
,
$2,622,680
railway
railway—
A. C. Bekaert
,
571,558
Operating
Co. 1,000,000
White,
Whiting;,
1944—Month—1943
Period End. Dec. 31—
rv
railway
oper,
Net
—V.
Hornblower
Operating
485,758
-
118,470
;
railway—^
from
unin¬
1944
1,500,000
2,500,000
Barney Si Co
Tucker,
Hayden, Miller & Co.—
300,000
Hayden, Stone & Co
1,000,000
& Weeks
1,000,000
Statement
400,000
Stnngfellow—
Shields & Co
Smith,
1,500.000
300,000
Consolidated
424,956
income___
from
Net
county residents in West
important city is Charleston.
The 30 communi¬
population, according to the 1940 Federal Census,
a
1,294,915
1945
from
from
Gross
Offered—
incorporated,
58,254
•
1584,
p.
Net
adjacent
some
-
Wheeling & Lake Erie Ry.—Earnings—
issue of April 30 of the offer¬
our
39,238
1,351,502
March—
most
had
served
200,000
&
Scott
200,000
Galleher Si Co., Inc
200,000
Glore, Forgan & Co.___ 2,500,000
Goldman, Sachs & Co._ 2,500,000
Harris. Hall & Co.
(Inc.)
Webber,
&
Water
119,080
39,274
railway.
oper,
161,
Gross
History and Business—Company, incorporated in West Virginia Oct.
4, 1926. is engaged principally in furnishing water service through 14
1,500,000
Inc,
1,000,000
Folger, Nolan, Inc,
Hawley,
June
on
1942
$309,724
213,772
Scott, Horner & Mason,
1,500,000
Co
200,000
Curtfs
Sc
Co.,
Co,
&
Estabrook
2,500,000
Corp_ 2,500,000
Moseley & Co
S.
200,000
&
_
_____
Inc.
Morgan Stanley Si Co.— 2,500,000
1,000,000
Dickson
S.
Inc.
Brothers
Securities
Mellon
200,000
Inc.—
2.500,000
Higginson Corp.—1,500,000
Mason-Hagan,
Davenport & Co
R.
Si Co.—_
Preres
Lehman
400,000
700,000
Burr,
&
Lee
Co.,
,
Cassell
Coffin
Lazard
Sons
Byllesby
Inc.
W.
V,
' 400,000
t
Loughridge & Co.——
Alex,
redemption
ing by Allen & Co., New York and Shea & Co.,
Boston, on April 26 of 14,000 shares of $4.50 cumulative
preferred stock (no par) at $104 per share and dividend
and 70,000 shares of common stock (no par) at $13.50
per share.
The sale of the common stock does not con¬
stitute new financing.
Further details follow:
200,000
Kidder, Peabody & Co._ 2,500,000
Kuhn, Loeb & Co
2,500,000
C. Langley & Co.,
1,500,000
Ripley Si Co.,
Inc.
Virginia
Mention
of
Norfolk
Corp._ 2,500,000
Blyth & Co., Inc
Bosworth, Chanute,
H.
for
called
1943
$477,726
1,337,987
railway
From Jan. 1—
West
$1,000,000
Hutton Si Co
E.
Investment Corp.
$2,500,000
Pirst Boston
Harriman
W.
and
Webster
Blodget, Inc.
The
been
have
of the sinking fund, $20,000 of 3%%
first mortgage and
sinking fund bonds due June 1, 1958, at 101V2 and interest.
Payment
will be
made at
the Trust Company of North America,
corporate trustee, 115 Broadway, New York, N. Y.—V. 159, p. 1808.
follows:
Stone
Redemption—
operation
,
150,877
income
oper,
1944
$459,565
142,248-
$463,203
railway
Irom
—V.
—
I-,
-
ry.
1945
railway
From Jan. 1—
Gross
collateral
_____
the
Net
Net
—
———
from
.
258,610
—
—
—
Net
479,268
-—
—
;
from
432,502
1,200,812
income of
on
Other
Total
1,874,681
Advertising Mgr.—
Alabama—Earnings— ■'
March—
Gross
alter
renegotiation and provision for Federal taxes on income,
were $448,919, as
against net of $270,249 in 1943.
At
the
completion
of this financing
the company will have a
capitalization of 399,300 shares of common stock ($1 par) outstanding.
—V. 161, p. 1813.
••
17.424,960
!
of
1944,
preliminary
Reserves:
Amortization
earnings of the company for the year ended Dec. 31,
Net
Inc.—New
161, p. 1813.
Western Ry. of
company expects no serious reconversion difficulties, as it will
continue to manufacture substantially the same products now produced.
491,346
Total
Depreciation
public relations.—V.
The
308.873
——_______—.
_
Co.,
Whitmore, advertising supervisor of the company, has been
advertising manager to succeed H. W. Forster, deceased, ac¬
cording to an announcement bn May 1 by F. B. Wright, director of
Calif., and Westinghouse Electric International Co,
2.481,143
accrued
Interest
Gamble
960,810
a,——w!_—
Electric
Will
named
Western Auto Supply Co. of Kansas City, Mo.;
Minneapolis; Western Auto Supply Co, of Los
& Co.;
Inc.,
Ward
gomery
1,303,335
——
Monday, May 7, 1945
Western
ircquency
$28,947,100
($100 par)
stock
Common
and
& FINANCIAL CHRONICLE
THE COMMERCIAL
2044
$215,881
Other
income
(net)
*156,257
*149,260
132,184
$2,928,723' $2,674,352
$4,027,812
$2,511,593
taxes..—____
§1,327,330
tl,110,800
{2,176,324
761,954
contingencies.
43,670
19,600
138,576
225,000
Purpose—The
Net
operating
Other
income
$829,182
80,572
amort—_
$548,225
$8,186,998
156,783
234,359
$6,433,278
2,492,670
basis
1,899,828
On
acquis.
plant
57,764
adjustments
one
sales
made by
income
Reduction
taxes
in
of
$5,137,759
receive
$4,533,450
from
$100
stock
inc.
Fed.
resulting
amort,
$391,441
$529,799
.
emergency
•
"
•'
i'
'
'
.
receive
*'<
other
sales
If
April
on
purchase
old
preferred share
sale
held.
preferred shareholders
will receive $102 per
company
1,
1945,
$105
at
preferred
the
new
per .share
shares,
preferred
and
the
'
—
44,792
__—
1,115
537,496
of
Balance
Preferred
—V.
$574,591
dividend
$392,556
$5,675,255
requirements—
preferred
share
$4,546,841
1,327,862
1,171,602
the
stock
$1,400,000
Part
Waldorf System Inc.
be
(& Subs.)—Earnings—
Quarter Ended March 31—
days
1945
1944
sales
$4,331,248
$4,358,151
profit
•Net
106,524
111,426
Earned
share
per
•After
426,100
on
common
shares™
$0.25
depreciation, State and Social Security taxes and
Federal income
and
profits taxes.—V.
excess
160, p.
Washington Gas Light Co. (& Subs.)
for
Operation
-Earnings—
for
operating
charges
National
all
General
127,827
taxes
Federal
income
tax
excess
profits
him
Net
operating
of
shares
other
.
First
mtge,
1975
927,937
$4.50
Balance
pfd.
$1,330,054
470,015
—
_
476,028
$991,415
_
war
conditions.- -V.
161,
p.
the
on
5,000 shares of
that date at its
being offered
for
or
are
the
issued and outstand¬
are
account
owned
now
of
the
by John L.
bonds,
stock
from
indenture
series
Period End. February—
Operating revenues
Operating expenses
Fe4eral taxes
Other
(&
series,
1945—Month—1944
$1,126,109
$1,100,684
$455,393
$456,473
•110,000shs.
>
20,
14,000 shs.
•i;o,000 shs
1945.
•Cost of
with
the
mortgage
Plant, property, etc.,
trustee;
.
Balance
oper.
reserve
for
123.215
Deposit in
possession of
trustee under
mortgage indenture-
assets,
1,599,072
1,742,317
107,444
1,249,147
1,219,154
Retirement
90,547
1,085,693
$3,782,425
Other income
3,388
2,755
40,913
46,269
work
stock
in
progress
Gross
income
$293,047
$307,203
$3,823,338
82,116
1,211,574
income
A
$198,355
.
$225,087
$2,611,764
622,518
Dividends
—V.
applicable to preferred stock
161, p. 1472.
$2,644,479
622,518
on
$4.50
and
Deferred
preferred
accrued
no
par)
no
par)
stock
Net
&
Co.
—
Stocks
Earned
Offered—A
vestment
houses
participating are: Brailsford & Co.;
Co., Inc.; First Securities Co. of Chicago; Sills
Minton & Co., Inc.; Straus &
Blosser; J. C. Bradford &
Co.; Stein Bros. & Boyce, and Taussig, Day & Co., Inc.
Kalman &
The issue does not constitute
The
rated
inception
as
an
of
Illinois
Gardner & Co,
in
new
financing.
the company dates back to
corporation
1927.
liabilities
449,048
for
57.597
on
on
(old)
3Vt%
bonds due
.(new) 3Vi%
bonds
1966
due
1975
depreciation
in
1925,
1924;
and the
12.622
330,255
1,542,830
35,336
surplus
130,277
it
name
was
incorpo¬
became
Wells-
Statement
$11,388,964
161,
p.
March—
for
Calendar
from
ry.
Gross
Net
railway
railway
oper.
income
from
from
Net ry.
—V.
railway
railway
oper.
161.
Years
1944 \
1943
$55,435,243 $50,899,348
expenses—
48,228,960
44,237,542
288,988
$6,661,806
359,815
$7,495,271
—
$7,021,620'
Federal, State and foreign income
excess profits taxes)
refund
of
excess
6,042,087
5,562,982
Cr492,761
profits tax—!
Cr472,292
post-war adjustments——
profit—
492,761
472,292
$1,453,184
earned
net
Cash
—_—
$1,458,638
surplus
6,645,474
in
connection
in
assets
foreign
dividends
Earned
Earnings
with
conversion
$7,144,967
of
countries
sales of investments
on
5,686,328
$8,098,658
surplus——
Adjustment
Profits
—
15,757
surplus,
CV569
486,656
$7,596,650
31—-.
Dec.
13,406
Cr406
486,656
$6,645,474
_?
,____
per share
$2.99
•Including
$3.00
$1,047,995
depreciation
and
$947,927
2,261,181
repairs—
U.
2,537,932
1944
p.
1943
$8,622,523
S.
$8,115,812
1,500,000
1,520,000
Treasury notes
Receivables
(net)
Merchandise
Employees'
chases
Plant
in
and
home
6,304,673
12,366,271
pur¬
31,434
51,726
7,588,389
7,394^810
______
(net)—!
advances
to
subs,
and
1
companies
Trademarks,
and
:
equipment
Investments
other
stock
for
(secured)
and
5,926,272
12,933,954
—
inventories
loans
excess
patents
and
367,881
367,114
965,053
profits tax
7 472,292
1
'1
90,295
138,152
goodwill
taxes, etc..
Total
$38,025,802 $36,730,852
Liabilities—
Accounts
payable
$3,599,525
Dividends payable
Reserves for taxes
Reserve for
Reserve
other
for
Capital stock
2,500,000
1,259,715
12,166,400
par)_
12,166,400
7,596,650
($25
9,223|l69
2,000^000
2,500i000
6,645,474
2,000,000
:____
Earned surplus—
—V.
72,998
8,830,513
accruals
foreign contingencies
inventory, etc., contingencies
post-war adjustments
Reserve for
$3,355,857
72,998
and
_
766 953
$38,025,802 $36,730,852
160, p. 2337.
1944
income
1473.
Youngstown Sheet & Tube Co. (& Subs.)—Earnings—
3 Mos. End. Mar. 31—
RR.—Earnings1945
from
Net
of
$72,747
$7,206,283
for
Post-war
,
Net
were
1924.
Western Pacific
Gross
$1,247,184.
refund)
161, p. 1031.
y
Total
Total
—V.
Profit
1943
1942
$4,927,177
$4,558,776
$3,672,139
$2,656,303
1,974,811
1,802,594
1,635,112
941,384
574,200
525,953
843,594
from
1945
1944
operations-
$9,782,758
Deprec. and depletion—
3,237.688
1943
1942
$9,732,483 $12,690,278 $13,347,077
3,351,108
3,209,657
2,469 555
692,053
From Jan. 1—
Principal products after the war will include
radio receivers and radio equipment for the home; radio
phonograph
consolidated
(including
Reserve for
14,000
7,000,000
banking
group headed by Paul H. Davis & Co. and
Shillinglaw,
Bolger & Co. Inc., Chicago, on April 30 offered
160,000
shares ($1 par) common stock at
$8.25 per share.
In¬
subsidiaries not
Income
profit—____—
taxes
1,400,000
capital
bonds
Contributions in aid of construction
Wells-Gardner
of
post-war
{Includes
$417,000
liability
Unamortized premium
Unamortized premium
Reserve
foreign
general
Prepaid insurance,
(110,000 shares,
stock (14,000 shares,
mortgage
Current
300,000
and
Provision
26,000
t
_
stock
Premium
First
$138,576)
profit
Post-war refund of
Preferred
889,582
Misc. reservations cf net
Balance
374,332
505
expense
Liabilities—
$3,834,061
94,692
,
charges
592,748
$11,388,964
Common
Interest
50,000
$3,787,792
(net)____
of
$43,670
Miscellaneous income—
1,093,314
$304,448
of
Maintenance
178.369
141,772
89,943
refund
(less
in
profits
sales—factory cost, selling, administra¬
tive
^
property- $10,043,795
179,731
$289,659
revs
taxes
Cash
after deducting
_•
Total
Net
post-war
$0.78
$30,811
excess
Comparative Balance Sheet, Dec. 31
excluding cash—
Unamortized debt discount, premium and
expense, etc
appropriation
(less
profits
Sheet
Cash
Capital
tax
1,964,327
$176,000.
to
Assets—
Investments
res.
amounting
tlncludes
—
Net
supplemented to replace the called $6,220,000 bonds of 4%
1961, and raise an additional $280,000 in cash which was
111,383
taxes
Property retirement
refund)
■
-
as
due
Current
post-war
1943.
$1,524,639
:
$0.87
subsidiaries,
in
:
Previous
t$6,500,000
30,000 shs.
Pro Forma
1945—12 Mos.—1944
foreign
$64,657
sales
Total
Unlimited
par)__
par)—
12,000 Feb.
$854,026
$13,303,785 $12,842,014
$5,587,448
$4,999,437
from
"
1945, $73,876 in 1944 and $39,408 in 1943.—V.
Net
Outstanding
due
1945, and sold
companies)
1813.
Sub.)—Earnings-
$0.78
and
Comparative
Assets—
Washington Water Power Co.
$0.79
1
Yale & Towne Mfg. Co.—Annual Report—
Net
17,
(no
1,964,487
.
Giving Effect to Present Financing
3*A%
(no
$1,712,912
1,964,997
'
.
received
1944
excess
on
company.
The
Shea, who is the
the company's outstanding common stock.
stock
deposited
___
•Deferred because of
by
stock
(issued April
insurance
in
60
retire
to
for
tContracts between the com¬
pany and four insurance companies, all of which held first mortgage
bonds, 4% series, due 1961. or 3V4% series due 1966, resulted in the
sale of $6,500,000 new 3!/4%
bonds due 1975 issued under the same
928,409
preferred stock-
on
stock
offered
four
Common
1,903
$1,461,430
Dividends
funds
Authorized
$2,258,463
deductions-
1945.
profits
Note—Profits
share.
per
of common
common
•Increased
and
provide
1945, in exchange for all
preference stock redeemed
Capitalization
$2,256,560
$2,389,367
Interest
2,
$100
not
are
of all of
owner
742,700
Drll,667
„
value
shares of
872,649
$2,401,034
revenue—-
income
April
on
company's second
to
Other
to
31,
in
$19,600
§Includes
.
March
(less
excess
will
the
883,043
697,740
taxes—
Boston,
stock
dividends
$41,309
$1,543,952
1,965,907
out-
$393,030.
;
preferred
new
made
$1,050,000
Bank,
the
of
company
224,523
862,251
,
and
of
sale
908,913
918,375
Depreciation
loan
a
First
The
890,139
___
—.
repay
the
from
1945,
ing and
1944
$14,331,991 $13,976,510
8,434,625
8,088,122
__
—
Maintenance
•
,
proceeds
1,
given
2009.
1945
-
the
to
other
the
12 Months Ended Mar. 31—
new
11,386 shares of preferred stock.
The balance
funds, including $230,000 to be withdrawn during
April, 1945. from cash deposited on April 17, 1945, with the trustee
under the indenture, will be used to
pay a note dated April 1,
1945,
due May ], 1945, payable to John L. Shea on or before that date and
and
$0.26
reserve
the
of
$1,557,723
_r__
stock
cap.
•Includes
on
$4.50
by
April
stated
•Provision
'
of
used
of
excess
profit
1945,
will
less
If all holders of the 11,386 shares
April 1, 1945, acquire on a share-forpreferred stock, the company will receive
preferred stock $1,422,722 less estimated
and
standing (no par)
Earnings per share—
$25,680.
redeemed
shares
sale
expenses.
at
stock
basis
from
161, p. 1924.
Total
estimated
expenses
13,391
for
Net
'
facilities
income
Shares
accrued
company
income—
profits
Prov.
preferred stock, the company will
holders of the company's preferred
no
of
the
Fed.
new
$4.50
new
the
from
stock,
the
of
share.
per
redeemed
dividends
y 7:'
each
for
the underwriters to such old
preferred
new
On
share
preferred
new
purchase
as
556,568
of
share.
Net
Total
the
$6,352,705
15,648
$821,923
and
of
Amort,
$8,171,350
12,197
(net)
Balance
Interest
$536,027
Dr7,258
revs-
underwriters have agreed to offer to the holders of
company's preferred stock redeemed on April 1, 1945, but without
giving such holders any preemptive or other right to purchase such
shares, the opportunity to purchase new preferred stock at $104 per
share, the offer to be made to such preferred shareholders on the
________
Interest
Prov.
and
amort
Net
Earns,
*818,658
taxes
profit—
14,319,715
11,490,972
9,407,650
7,091,387
5,887,176
4,046,456
3,667,495
2,024,776
•Includes
1,711,093
1,320,516
1,849,409
1,236,286
Note—Earnings
per
com.
523,006
572,697
600 943
3,767,000
4,222,000
6,761,000
7,700^000
$1,959,412
for Fed. inc.
$1,636,369
$2,147,023
$2,576,579
$1.04
$0.85
$1.15
$1.41
share.
$420,000 premium
are
Act.—V. 161, p. 1473.
subject
on
bonds called
to
the
for
provisions
retirement.
of
the
Renegotiation
161
Volume
THE COMMERCIAL &
Number 4383
<
State and
204S
FINANCIAL CHRONICLE
City Department
BOND PROPOSALS AND NEGOTIATIONS
Phoenix)
»
V°ted
held
called for redemption are required
'a+
to be surrendered for redemption
At the election Qn date cajjed accompanied by all
Ariz.
April 21 the voters
on
Aetna Life
All the above described bonds
(P. O.
High School District No. I
,
/5.^^?iP^0n da^e*
Phoenix Union
County,
Maricopa
ap-
if any, maturing
redemption
jnterest coupons,
$250,-
proved the issuance of the
such
after
and
taxes
CONNECTICUT
unpaid interest thereon
accrued
ARIZONA
O
(P
Insurance
Hartford)
required
are
Bond Sale—An issue of $1,969
be levied
to
-
5?°i'.a11 the taxable Property of 000 refunding bonds offered for
e Dlstrlct without limitation as sale recently was awarded to
Comoanv
Conn
'/nfLri™ tu * , *T., to rate or amount sufficient for Thomas M. Cook & Co., of West
Bono Offering-—1The Aetna Life the payment of the principal of Palm Beach, at a price of 103.
Insurance Company, of Hartford, and interest on the bonds. The
^ receive se^led bids submitted genuineness of the signatures Fort Pierce Inlet District (P. O.
P writing until 2 p.m. Wednes- uDon said hnnds and +v»o cooi ofFort Pierce), Fla. $35,000
refunding
.
>/r
Montgomery,
.
0
■,
.
i
sa e
the
possible.
soon as
cease
Farish
has an¬
tenders
300 000
$500 each, at a
price of 87.50.
Election
Bond
—
An
clection
elect on held
on
CALIFORNIA
Costra County,
District (P. O.
Martinez), Cal.
Calif.
Detroit, Mich., Refund-
«4-
1
issue of $30,000
water works bonds, authorized at
a
recent election, has been sold.
Los
Angeles, Calif.
Call Features
of Dewap Bonds
First Boston Corp.
has
prepared a circular folder
dated April 26, 1945, showing call
features
on
all revenue issues
Listed—The
School Dists.
O. Los Angeles), Cal.
(P.
**'
'
J.
election
will be held on May 18 to submit
to the voters the following bonds
amounting to $2,671,000:
Bond
Election
—
$100,000 Artesia
An
Bld
tion, San Francisco,
For
Bassett
district
school
bonds.
'
Is'
"""
•"
100
dis¬
school
trict bonds.
2,075,000 Centinela Valley Union
high school district bonds.
250,000 Hawthorne school district bonds.
115,000 Jefferson
-
school district
bonds.
80,000 La
Verne
City
district bonds
.
Bonds
voters
school
of
—100.19
$105 ' 000 '
'
Is
Lot No. 9
Lot No.
Los
Angeles Department of
and Power, Cal.
Bond Call—Clyde
For
&
iy4s
—100.03
Is
For $250,000, iy4s_.
npan wittAr ^ Pn
Dean Witter & Co.,
_100.54
r
For $250»000, iy4s-._.._.100.02
Ronrf FippHnn
An
t,
Water
Errett, Audi-
for payment on June 1,
Department of Water and
Power Electric Plant
refunding
tor, calls
second issue of
1940, bearing 1%% interest, dated
Dec.
1, 1940, Nos. 3402 to 5691,
maturing Dec. 1, 1949 to 1952, and
2% bonds, dated Dec. 1, 1940, Nos.
5692 to 10891, maturing Dec. 1,
1953
to
1959, aggregating $7,revenue
bonds,
COLORADO
Rn
April 17.
Hillsborough County (P. O.
-I
_
,
1
r-t
semi-anual
for
offered
FLORIDA
and maturing on
1
I
sale
p.
.
on
are
cffers
July 1, 1966:
Bid
,
and Clyde
| $i,o4j,000^series B. Denominations | Florida National Jointly. 1.65%
A. Denominations C, Pierce Corp., Bank, 1.70
105,124
co.l
porate Stock 4s.12
Lot No.
t>
•
tcA
me
t>
.
j•
Robinson-Humphrey
series
$1,510,000 New York, N. Y., Cor¬
porate Stock 4y2s.
Lot No.
foll0Ws:
were as
oooVerlps'A^Pnnminati'nn., I A ,Bidder$1,000 and $500.
Jacksonville,
$1,000, $500, $300, and 19 reg- -Leedy, Wheeler & Co..—
istered
bonds
of
odd
de- B-van Ingen & Co., and
Trust Co., of Georgia
1.70
„
nominations.
13
1,500,000 New York, N. Y., Cor¬
porate Stock 41/4S.
$750,000 water works coupon or
Atlanta,
102,528 series C. Denominations
$1,000, $600, $500, $400, $300,
and
18 registered bonds Of
old
of
the
s
Jointly
National
J|ck£"V8ue,
Tampa
principal
?niount of said bonds so called for
Bank,
raTaKSI
1.70
S
2
Tampa
100.11
100.13
100.08
100.07
100.02
Investment & Se-
curities Co.,
denominations.
Payment
Atlantic
100.119
100.00
Lake Alfred, Fla.
Bond Call—Ruth H.
Dona taii-nUin n
Smith, City
smun l.iiv
1^ 945 %n "surrender Clerk has announced that the
™er Jiu'y__L_:19'45, on surrender city has elected redeem on July
to exercise jts
issue of July
to
,
A,n ls.auc
^orks extension
called for Payment on May
the par value
1951,
All
No2'
•
April 24—v.
on
1707—was awarded to John
Nuveen & Co., of Chicago, as 1.60s,
i'WVCCU OC ^U., UL V^IllCtlgU, «S l.OVS,
161,
I!0"^
.
of $42,000
SBA refunding bonds
I $1,142,000 New York, N. Y„ Cor- I n 647
0"
Walsenburg Paving Districts (P. O.
Walsenburg), Colo.
Coupons Payable—J. B. Griffs,
490,000.
City Treasurer, has announced
thot
+All of the aforementioned bonds that funds are now available to
are
redeemable on Dec. 1, 1943, pay the following bond coupons:
and on any interest payment date
Pav. Dist. No. 1, coupons up to
thereafter prior to maturity at a and including No. 44, due July 1,
1944.
S
redemption price with respect to
each
redeemable bond of said
^"du^March
Second Issue of 1940, equal to andTncfudi'ng
100y4%. of the principal amount ?
thereof, plus */4 of 1% of such
Pav. Dist. No. 3, coupons up to
principal amount for each 12- and including No. 40, due April
month period or fraction thereof
1943.
from date of redemption to the
Pav. Dist. No. 4, coupons up to
maturity date of said bonds, but
and including No. 38, due Aug. 1,
not exceeding 103% of such prin¬
1942.
cipal amount, plus, in each case,
11
500'000 oonstructTonvoters w the
bind" at
submitted to the
plec|ion held on May 15. These Sorwalk First Taxing Dist., Conn.
bon,ds are considered as part of Bond Offering—Robert J. Lasealed bids until 3
post"war Planning.
- hey, District Clerk P.M. (EWT),
will receive
May 16 for the purchase of
the
favorably voted at an election
held
B1°"d Ca"^fra,nk C?oI„ey. Clty ahnnt price of natpH Tnnp basis of
at a i
100.183, a 1 1945
aDout
?/* i; ^ mu
V j
ana ac Denomination $1,000. 1960 bonds
These other
due
June ,
Lot No.
r. h. Moulton & Co.,
bonds was
Tampa) Fla.
_
100.93
of
issue
An
—
$450,000 construction
Bond Sale—An issue
145,000 New York, N. Y., ConsLJ ~
Clearwater. Fla.
l
of Schools, 4V2s.
4
New York
N
i\ew
rorK, in. Y
x., Cor- Auditor and Clerk, calls for payc.or
porate Stock (Reg.), 4s.
mpn1 nn
Tll1v i
't nar anrf a«.
25 nnn Npw York
N
par
25,000 New York, N. Y
Y., Various menl on July l, at following reVarious crued mterest, the
Purposes 4s.
funding bonds, dated July 1 1936,
400 000
*uu,uuu
$60,000, 3V2s, and
$190,000,
replace
to
Belle), Fla.
Voted
a
50,000 New York, N. Y. Corpor-.
ate Stock (Reg.), 3%s.
Co.,
Bonds
structure recently destroyed by
fire.
Stock, 3V2s.
Nuveen &&Co., and
Co., jointly,
$250,000,
bonds,
struction
;:'yv;''
10:
0111 $350,000 New York, N. Y., Corporate
Thomas Kemp
Weeden
voters will pass on the proposed
isuance
of $18,750 school con-
3i/2s.
100
La
Wilmington, R.
D.). Del.
Bond Election—On May 12 the
$390,000 Mississippi, Highway 1st
William R. Staats Co.,
Hendry County, Clewiston Special
Tax Sch. Dist. No. 7 (P. O.
Arde„ School District No. 3 (P. O.
r,PS G
ries R Ss
5s.
if'be
IchooTDistr^t''bonds0
School District bonds.
Louisiana, Highway, Se-
50,000
airlines.
DELAWARE
V
ries M 4V2s.
Blyth & Co., and
*
post-
Louisiana, Highway, Se- • ;
69,000
jointly,
For $45,000, 3 Vis, and
if
sessions,
these
between
1
Riverside County, Riverside School
19 the
District (P. O. Riverside), Cal
Voted—On April
authorized an issue
_
021 $371,000 E, 4V2s.
Louisiana, Highway, Se- war sale.
conditions should warrant
ries
such
Harris Trust &
For
Carmenita
25,000
April
Authority
the
o£
members
City
Maloney,
Lot No. 8
$30,000, 4s, and
$220 000
bonds.
26,000
Bonds—On
Purchase
To
—
For $250,000,
district | H^tynnn iy4S—-„_101.27
school
Authority
(P. O. Miami), Fla.
payment
j
$50,000 Jersey City, N. J., General
Refunding and Serial Fund-
$45,000, 3s, and
Angeles County
1955.
Greater Miami Port
A 3/*"
$105,000, Is
Los
in
the
$50,000
refunding bonds, the funds obtained by their sale to be used to
meet bonds of $118,000 due in
up to
Comptroller, has bonds in the above amount. It is
^
38
announced that no definite plans said that Pan American will puring 4s.
have been arranged in regard to chase the bonds, and the AuthorAmerican Trust Co
100,000 Jersey City, N. J., Water the issuance of the $750,000 air- ity will hand the money back to
San Francisco
port bonds authorized recently by the company in payment for the
For $250,000, Is—
100.10
Lot No. 7
the Legislature.
The purpose in airfield. The bonds will then be
Bank of America National
$500,000 Jersey City, N. J., Water securing legislative approval was retired in 20 years through rentals
Trust & Savings Associa¬
4%s.
to insure the issuance of the bonds paid by Pan American and other
Cal.
of Los Angeles,
the City
.
$34,000 3% refunding bonds. Due
$11,000 in 1946 and 1947, and
$12,000 in 1948.
1,000 3 V2 % refunding bonds. Due
,
.
Savings'
outstanding of the DeBank, Chicago, and of Water and Power of Hannaford & Talbot, jointly,
For
presently
partment
vided as follows:
no
f°ll0WS'
Firebaugh, Cal.
Bond Sale—An
authorizing
bill
a
Legis¬
approved
—
have
to
interestJan. 1, the bonds are Macost of about 2.17%. dituring
3%s.
50 000 Detroit Mich
ou,uuu
iron, mien., Refunding
xveiuaumg,
sewsew
of about .97%—v. 161, p. 1590
war.
Series F
ine
r
$250 000
$250,000
y.
$70,000
construction bonds that carried at
the election held on Dec. 27, 1944,
will not be issued until after the
Bonds— The
Post-War
recently
said
bonds awarded last December .to
Thomas M. Cook & Co., of West
Palm Beach—v. 161, p. 52—were
sold at a price of 100.02, a net
1946, issued several years ago in
members 01 tne Autnority
of the sewer system. v°ted which are nextsign the last,
officials helipvp it will
ments favorably to
to agreeage disposal plant bonds offered
Series A, 4V4s. 5
-i?-S. brieve R wiii
- —
t
\rn
be possible to borrow $50,000 for step in the purchase of the 36tfy
for sale on March 27 and awarded
.I
Li01
0
ip« than 2% annnallv ™
while the St. Airport from the Pan Ameri:^eican Airwave Tim
to theT Security-First +National I $223,000 Detroit, and 5i/o<? Street present bonds are paid at the in- ?an Airways. The Board, consistMich.,
Railwav
AXAs
Rat-ilr
Avmnlnu
ha TTSvof
•
T>--1
" 1'
Bank, Los Angeles, and the First 100,000 rwrnit Mich., Water terest rate of 41/2% yearly.
innnno
MirhWaW
«
inS of seven members, $2,404,000
Detroit,
v
Pan American's offer of accepted
National Bank, of Pomona, jointly
Supply 4s.
I '»
Waterbury, Conn.
for the facility. The plan calls for
as Is, at a price of 100.254, a basis
Bond
Issuance
Indefinite
F. the issuance of self
liquidating
Pomona,
Hill School
is
Refund-1 Borough to issue
Lot No. 4
May 1
y
ni,
Thp
Other Ri,
Bids—The
Pleasant
Southin8ton> Conn.
The
Bonds Approved
lature
Lot No. 3
$450,000
Centra
„
7onYfrY^tion"Wnds~was $849,000 Detroit, Mich.,
,
th
yoters at the
ing, Series F, 4s.
---*
'.
for, payable to the District Treas-
Detroit!
of
issue
„
$1,250,000
Mich., Refunding, Series F, 2%s.
mentary
April 25, for 1940 refunding
resulted m uie purchase
resuneu in the purcuase i
bonds Nos. 72, 73 and 76, of |
t>
Highway He-
lunding 374s#
County, Buena Park Ele¬
Sch. Dist. (P. O. Santa
Ana), Calif.
Orange
—
Clerk,
County
oonds,
rjonus,
of
shall
date called.
bonds
said
^*1
Arkansas,
A
AAA
OAA
u
A
I11nnnft
nil
V\av\j4a
ni/4
to accrue on
nounced that the call for
on
on
f
County, Ark.
Purchased
Bonds
Fraser,
am
Interest
ARKANSAS
Buren
collection of
York, New York.
Tn1 nyriof
Van
•Norwaik; The approving opinion
b ollowing is a list of the lots 0f V7ood, Hoffman, King & Daw°freredson, of New York, will be fur^
-inished the successful bidder. En$iiu,uuu Arkansas, mgnway Re- the par certifiedof the bonds bid
close a value check for 2% of
coupons may
redemption price thereof at
jvjational City Bank of New
the
prepared and advertised fo
as
&ctiu uunus ttnu
surrendered for
ci,
^
.
,
Superintendent
Schools, that these bonds
j.
$15,000 in 1952, $20,000 in
Chase National Bank, New York ^ce
. ■Y; Bonds registered as to principal alone or as to both principal
and interest should be accompa1967 to 1970, and $50,000 in 1971 med by a duly executed assignJ- 1973.
1Ano
".'JJ---- requested
' '
1n ht? attornev Counons
ni th*
to
Bidders are
pr
to name the rate of interest in ^furinJ Julv 1 1945 and n?ior
1953 and 1954, $25,000 in 1955
and 1956, $30,000 in 1957 to 1962,
$35,000 in 1963 to 1966, $40,000 in
,
multiples of y4 or one-tenth of
1*. No bid for less than par and
interest
payable at'the
Mer-
chants *Bank & Trust Co" Nor"
walk- or at the New York Trust
,
,,
^'"ender
,
*
of said coupons
orf date
In-
called.
' ■
Fort Pierce- Fla'
Bonds Sold—An issue of $1,-
terest ceases
$149,000, of
of $1,000 each.
No-
gucjl re(jempti0n has been
£|jecj wjth the Central Hanover
Bgnk & Trust Co New York) the
. aLC
agent Holders 0f said
picseui tne
bonds are notified to present the
UU11US
bonds to the paying agei!t'
al! mte^est coupons attached,
where redemption will be made at
par, plus accrued interest. Inter-
es ceasesCounty, Zellwood
on date called.
Orange
Drain
Dist. (P. O.
Zellwood), Fla.
and Water Control
refunding bonds was
Proposed Bond Issue—On April
awarded recently to Thomas M.
Cook & Co., of West Palm Beach. 16, the Board of District Super¬
1 On May 15, 1944, the City entered visors filed an action in Circuit
Court petitioning for the valida¬
water works system of the Dis- into a contract with the said firm
tion of an $87,500 bond issue for
trict, and if such revenues are to refund the City's indebtedness land
improvement.
insufficient for that
purpose of $3,484,000.
Co., New York City.
Said bonds 969,000
payable, both principal and
interest, from the revenues derived from the operation of the
are
2046
THE COMMERCIAL & FINANCIAL CHRONICLE
Pinellas
County (P. O. Clear-
$176,000
Sale
An
—
issue of
certificates offered for
May 1—v. 161, p. 1817—
sale
on
was
awarded
to
J.
B.
103.29, a net interest
2.217%, The certificates
follows:
as
are
Bonds
•
■
Dated April
tificates
struction
revenue cer¬
revenue
equipment
cer¬
voted
April 17.
cer¬
$4,000 in 1946 to 1949, $5,000 in'1950
held
Proposed Bond Issue—On April
1958, $6,000 in 1959 to 1965, $7,1972, and $8,000 in
1973 to 1975.
The next highest
•bidder was ClydeX. Pierce Corp.,
and Leedy, Wheeler & Co., jointly,
at a price of 100.78.
the
17
fjass
an ordinance callingTor an issue
of $20,000 fife department equip¬
000 in 1966 to
City Council
ment bonds.
Upham,
following Board of Public Instruc¬
tion 5%
Guaranty Trust
Chairman
Board
struction has
ment
J.
of
McCurdy,
Public
are
In¬
that the
announced
bonds
on
W.
—
called for pay¬
July 1, at the First Na¬
Ended
1% %
tion held
were
Judge Barker recently dismissed
the suit of Gilespie vs. Winter
Haven, upon a joint application of
all parties. Dismissal of this suit
2A1
•
Interest
•
the 1933 issue had been exchanged
for a
like amount of the new
bonds dated Jan. 1, 1941.
This
exchange1
completes
Crummer
Company's contract with the city,
in which it agreed to settle Crum-
mer's
total of
claims,
amounting
to
a
$202,062.50 for a cash pay¬
$111,600. The settlement
ment of
was, guaranteed to cover not less
than. $900,000
par
value
bonds,
consisting of
000
series
an
"A"
estimated
and
$825,$75,000 series
"B'V, and Crummer's recent ac¬
tion dismisses all further litiga¬
tion against the city.
Mr.
King
Crummer
him
also
stated
Company
that
-
that
had
additional
the
are
Called
Warrants
—
J.
Mc-
B.
following
warrants:
i-".
Building
tax
1,
*•>
Fund,
anticipation
«»*.,.
*
1931,
Nos.
B-
21,
Building
Fund, 1933, Nos, B15732 to B-15733, dated April 12,
1935.
.
.
Holders of these warrants
required
to
present
them
7*!^.
24/2 %
5
$250,000
school bonds awarded last
October to
These
bonds mature July 1, as
follows: $25,000 in 1950 and
1951;
$34,000
in
and
1952;
$33,000 in 1953
$34,000 in 1955, and
1954;
$33,000 in 1956 and 1957. Net
come
in¬
basis 1.355%.
Supreme Court
Upholds
Tax
Exemption
of
Rural
Housing
Projects
The
State
Supreme
Court in a recent decision
upheld
North
rural hous¬
ing projects and
reaffirming the
constitutionality of the rural and
regional housing provisions of the
Georgia local housing authority
act.
The
rural housing law' author¬
izes local authorities to construct
standard low-rent homes for the
La
Chicago Park District (P. O. Chi¬
cago), III.
Bond
Call
R.
—
J.
Dunham,
President of the District, calls for
payment at par and accrued inter¬
est on June 1,.2%%', isue of
1938,
issue
said
bonds
on June 1,
1945, the bonds
called and all interest coupons
due on and after June
so
1945,
thereto belonging, at the District's
Treasurer's office, or at the First
National Bank of Chicago, pay¬
000
enport; jointly, at par—v. 161, p.
1035—mature
$8,000 on Dec. 1,
1945 to
bids
.
calling
for
issue
an
water revenue
Rock
of
by
shall
Edwards County Road Dist. Na. S
(P. O. Albion), III.
Bonds Voted —The
$7,500 road
construction bonds submitted to
the voters at an election held re¬
cently
were
approved.
May 15 for the pur¬
$30,000 airport bonds.
authorized
were
Nov.
on
Island, III.
meeting
decided to
the
consider
finish paying
was
Bond
Election
duced
Planned—An is¬
Urbana, III.
Akers.
$11,000
will
voters
at
in
near
be
an
fire
department
submitted
election
to
the
to
be
Champaign Sanitary
—
Harold
announced
sealed
May
9
that
bids
for
he
eous
F.
until
the
will
1:30
1945.
.
P.M.
Bond
by
Denomination ~$1,000.
of
the
District.
the
Treas¬
Said
bonds
..
of June
Ky.,
of
Local
announced
was
hospital construction bonds
favorably voted at the elec¬
on April
3.L//-Lv //-V*'-
tion held
KENTUCKY
;
•
■
•
'
"
•
r.
•;
Bell County (P. O.
Bond
Sale
•.
■
;
.
•
•
y
*■ ;;
Prineville), Ky.
The
$42,000 road
and
bridge
refunding of
1945
bonds offered for sale on May 2
—v.
161,
to
bids must be
Dated
conditioned.
The
purchaser will be required to fur¬
\
.
Knuckles, Jr.,
Finance
Officer
that the
has
County's 4%
are
called for payment on
JuneT,
at the Continental National Bank
&
Trust
June
Co., of Chicago.
1,
1941,
Interest
Dated
ceases
on
date called.
Court
bids
refunding
S.
Lowry,
calls' for~
Clerk,
until
11
(CWT),
a.m.
on
May 16 for the
$30,000
2%%
road
purchase
and
of
bridge
bonds!
Dated June 1,
1945. Denomination $1,000. These
bonds
due
are
optional
on
June
on
June
1,
1960,
1,
1975,
or
on
interest payment date there¬
after, at par and accrued interest, *
on
30
days'
published
notice.
any
Principal and interest (J-D) pay¬
able at the Citizens Fidelity Bank
& Trust Co., Louisville. A certi¬
fied check for. $1,000 is required
with bid.
Hickman, Ky.:
-.'ixiy-
Offering—Frances
City
son,
pealed
Clerk,
bids
until
will
John¬
receive
8:30
P.M.
on
June 1,
$1,000 and
$500.
Due Dec.
1, as follows:
$1,000 in 1945, $1,500 in
1946,
$1,000 in 1947, $1,500 in 1948,
$2,500 in 1949, $2,000 in
1950,
$2,500 in 1951; $2,000 in
1952,,
$2,500 in 1953, $3,500 in 1954, and
$3,000 in 1955 to 1957.
Principal
and interest (J-D) payable at the
City Treasurer's office.
Subject
to
redemption in their inverse
1945.
Dated
Denominations
numerical
date at
order
par
refunding
a
like7
outstanding
school
building bonds. The City will fur¬
—
of
p.
1931—were awarded
the
Weil, Roth & Irving Co.,
Cincinnati, at a price of 103.72.
tion
June
$1,000.
1,
1945.
Denomina¬
These bonds
are
due
of.
purpose
of
amount
final approving opinion of
a
Stites & Stites, of Louisville, and
bond forms.All bids must be on
and
according
which
be
can
City Clerk.
104%
to
bid
a
obtained
form
from the
No bid for less than
of the principal amount of
the bonds offered will be consid¬
ered.!; Said bonds are to be sold
subject to the principal of and
interest
subject
Pratt, Kan.
^ ;
Bonds Voted—An issue of $350,000
Chicago, said opinion to be
paid for by the District, and all
so
bonds
.
road and bridge
refunding bonds,
issue of June 1, 1941, Nos. 1 to
30,
to
date
on
or
of
not
same
Federal
ad valorem
the
or
: being
Kentucky/
income taxation
on
their
delivery to the
successful purchaser and will be
awarded to the highest and best
bidder
provided,
however,
the
City reserves the right to reject
any
and all bids.
tified
check for
Kenton
,
will be delivered with fee
proving
opinion of Chapman &
Cutler,
The
1, 1941.
Crittenden County (P. O. Marion),
the
KANSAS
Principal and interest
on
Election—It
O.
R.
.
lowest rate of interest. Bids must-j
be for a uniform interest rate for
of the holdhr
V
is reported
Davison, District Sec¬
retary," that an election will be
held on May 14 to have the voters
pass
on
the issuance of $30,000
gymnasium > construction
and
equipment bonds.
•
!
of
District will accept the best
bid of par or better specifying the
urer
bear date
nish
(P. O.
Thurman), Iowa
1, as follows: $10,000 in
1946, and $20,000 in 1947 to 1960.
all bonds.
warrants.
Thurman Cons. Sch. Dist.
rer
purchase
of Dec. 31,
as
certificates,
county
warrants,
drainage warrants and miscellan¬
$290,000 sewer coupon bonds,: not
exceeding 3% interest. Dated June
1,
county, Nos. 5 to 29.
.
held
(P. O. Urbana), III.
Offering
the
at
on
any interest
and accrued interest,
plus a premium of % of 1% for
to be the latest available
figure.
each year or fraction thereof from
Taken into consideration in the.
the redemption date to the stated
county-by-county
figures
were
date of maturity.
Said bonds are
regular
county
bonds,
bridge
issued
pursuant
to
Sections
bonds,
courthouse
bonds, >. road
162.150 through 162.280 of Ken¬
bonds
and
certificates, primary
tucky Revised Statutes v for the
road bonds, drainage bonds and
I
.
;
'
1943, appears in the State Au¬
ditor's biennial report, and is said
future.
and
District
on
Counties in Iowa reduced
The indebtedness
Election Planned—An is¬
bonds
ceive
—
cording to State Auditor Chet B.
date is indefinite.
Bond
on March 26, were defeated
large majority.
a
mitted to the voters. The election
Urbana
a
Iowa (State of)
;
County Bond Debt Greatly Re¬
$60,000 electric light plant
improvement bonds will be sub¬
of
$60,000
1,
Fidelity Bank & Trust
Louisville,
4%
road
and
bridge refunding bonds - of the
Co,.
refunding bonds.
by
of
Bond
,
The
Officer, calls
June
on
May 7 for the purchase of $29,000 2%% school building revenue
ordinance
an
—
paving project their bonded indebtedness $110,completed last year. • ,■] 437,506 during the year ended Dec.
31, 1943, leaving a debt of $67,Sullivan, III.
965,698.15 at the end of 1943, ac¬
for
v;y;V
Knuckles, Jr.,
held
Council
providing for the issuance of $81,000 judgment funding bonds, to
has
payment
Bond
Grinnell, la.
Defeated
*
mitted to the voters at the election
j
City
at
be
Citizens
14, 1944,
airport and equipment bonds sub¬
Bond Ordinance Pending—At a
the
for
large majority.
a
Bonds
refunding bonds.
in the office of the
on
Interest
date called.
until
V
$44,000
books
cease
1948.
be
;
City Clerk
,
name
1,
shall
1964.
the election held
Ridgway, III.
1
Ordinance Passed—The Village
Council has passed on ordinance
in the
Dec.
bonds
$160,-
H/4%
Bond Offering—The
Due
said
Details—The
April 17.
on
made to the holders thereof. Dated
Dec. 1, 1938. Denomination $1,000.
for
Sale
1, 1941.
Bond ^Offering—W.
bonds
sue
Ky.
County
airport bonds awarded
to Vieth, Duncan & Wood, and the
White-Phillips Co., both of Dav¬
of
payable at such bank in the City
of Chicago as
may be mutually
agreed upon between the District
and the purchaser. The bonds
may
be registered as to
principal only
ment
20
of
sentation
of
in
Davenport, la.
The
surrender
due
are
These
sue
dated June
are
State Local Finance
'
Bond
Due June
and
These bonds
chase
which
sues
sealed
1253.
p.
con¬
SOWA
Nashville, III.
April 17.
funding bonds, Nos. G-169 to G218, amounting to $50,000. On pre¬
—
tax-exemption of
288
1,
Georgia (State of)
the
352,
$500,000 airport
years.
Mooney, Clerk Board of Trustees,
a
syndicate headed by
the Trust Co., of
Georgia, of At¬
lanta, at a price of 110.25—v. 161,
p. 1906—are dated July 1, 1940.
Room
cago,
of
or;,
Breathitt County (A O, Jackson),
Bond Call—W. L.
bonds carried at the election held
recent
their
Co., for 3s.
states that he will receive sealed
on
accrue
due
are
Emmettsburg, la.
cash warrants drawn on the
City
Treasurer may be issued in pay¬
ment thereof.
Education, City of Chi¬
Mercantile
Bonds Voted—An issue of $20,000 2%% water and sewer system
the
Salle St., on or before April 26, in
order that same might be verified
and
interest
computed so
that
Bond Sale Details—The
161,
at the election held
were
to
it appear likely that a
majority of
the 1933 issue will be retired in
the near future.
Atlanta), Ga.
at an
1944.
Board of
Fulton County (P. O.
v.
Defeated—An
,
Building Fund, 1934, No. B7034, dated Oct. 7, 1935.
Building Fund, 1935, Nos. B1755 to B-1759, dated Dec. 24, 1935.
Playground Fund, 1935, No. P292, dated Dec. 24, 1935.
Educational Fund, 1944, Nos. E28 to E-292, dated Feb. 15, 1944.
Building Fund, 1944, Nos. B274 to B-605, dated Feb. 10, 1944.
Playground Fund, 1944, Nos. P21 to P-45, dated Feb. 10, 1944.
Free
Text
Book
Fund, 1944,
Nos. T-41 to T-88, dated Feb.
10,
also in process of
being turned in
for exchange, which action makes
GEORGIA
voters
issue
an
-
101938 to B-101941, dated Nov.
1934.
•
•
1253—
p.
struction bonds, at not exceeding
Denomination $1,5% interest.
$14,000 post-war boulevard light¬
ing system bonds failed to carry
.
President of the Board,
called for payment on April 27,
the
to the
Mount Morris, III.
>
Cahey,
advised
bonds
called.
the
to
for
17, the Mayor and City Council
approved an ordinance calling for
April 17. These bonds
subject to the election,
Bonds
n/8%
,
date
on
Chicago), III.
Bank,
of Chicago, acting as ex¬
change agent for the city, advised
City Attorney Harry E. King that
a
total of $911,000 par value of
ceases
H/8%
Chicago Board of Education (P. O.
came
was
50,000 each
Judgment Tax
50,000
161,
M. W. Welsh &
on
sold
stated in
as
shall
said bonds subsequent to
redemption date.
Both is¬
on
State
$18,lighting system bonds
favorably voted at the elec¬
1%%
;■
offered
Hammond, as iy2s.
De¬
$500. *■ Dated May 1,
street
1%%
Relief v/iLLA:/
interest
i'-VL.'
y,
Indianapolis, Ind.
Ordinance Approved—On April
\
Morrisotf, III.
65,000
11AL-
the
$300,000 hospital bonds will
30,000
to
to
election to be held in June,
was
No
paid
.
$1,000
July 1, from 1947 to 1951, in¬
The next highest bidder
on
Election Planned—An is¬
5A1
Poor
>
is¬
election to be held in
submitted
000
v ;
1945,
These bonds
1945.
000.
1%%
i%%
45, are being called for re¬
demption on June 1, 1945, at the
Trust Co., of Lexington.
elec¬
nomination
County (P. O. Aldo), III.
Bond
4A2
6A1
block of 1933 issue bonds
effected. The First National
'
of
awarded
Bank of
Bonds Voted—An issue'of
65,000
35,000
-
4A1
'•
large
Mercer
of
the
at
10.
May 1—v.
on
were
on
-
submitted
an
Sanitation
3A1
favor¬
future.
Municipal Tuberculosis
/;•.:/
shortly after completion of
the city's settlement with R. E.
Crummer and Company of Orlan¬
do, in which the exchange of a
1 Vs%
sale
was
near
sue
Feb.
on
bonds
will
be
the
to
purchase
INDIANA
ment
or
Finance
that
clusive.
voters at
be
3A1 and 4A1-- 50,000 each
Federal
—
25,000 each
defeated
was
$15,000 electric light plant
bonds
Rate
Public Library
Winter Haven, Fla.
Litigation
McLeansboro, 1U.:
1 Vs %
36A1 to 37A3—
was
Bond Election Planned—An
of
site
Bicknell School City, Ind. j '
Bond Sale—The $5,000 improve¬
$75,-
ably voted at the election held
April 21.
the
^
17A2 to 35A2_,$50,000 each
refunding, Series A, of 1937,
Nos. 1, 2, 4, 6, 10, 15, 18, 27, 30, 32,
33, 40, 42, 49 and 56, aggregating
$15,000..
•'
Special Tax School District No.
13-B, refunding of 1937, Nos. 2,
6, 8, 12, 13, and 14, aggregating
$6,000.
Li/.'/
Dated July 1, 1937. Denomina¬
tion $1,000. Interest ceases on date
.■/;/
York-
New
Denomination
Nos.—
Special Tax School District No.
1,
called.
Co.,
Corporate
tional Bank, Milton:
bonds
Manito Community High Sch. Dist.
No. 503, III.
sue
or
-
school
tion held
was
Local
Bond Call—W. L.
000 construction bonds
Chicago, III.
Warrants Called—R. B.
City Comptroller, called for pay¬
ment on May 1, the following 1944
tax anticipation warrants, to be
paid on presentation through any
bank to the City Treasurer or the
Call
$125,000
on
on
it" V>• Security
election
an
Bonds Voted—An issue of
Santa Rose County Board of Public
Instruction (P. O. Milton), Fla.
Bond
favorably voted at
on April
17.'
to
date
Knuckles, Jr.,
Officer, has
County's 3%
series A, road and bridge refund¬
ing bonds, Nos. 181 to 2z5, and 4%
refunding funding bonds, Nos. 39
value of the
the District
par
interest
1, 1957.
announced
Wilmette Sch. Dists. No. 39, III.
Bonds Defeated —An issue of
$30,-
improvement bonds
rate
accrued
interest payment
Bond Call—W. L.
certified check
a
payable
held
to
met
road
to
as
and
par
State
and
matures with¬
same
the
of
bonds,
principal
Treasurer.
Temewell),
Bonds Voted—An issue of
000
the
as
for. 1%
and
ill.
x
Champaign, III.
to
con¬
bonds amounting to $1,-
Township (P. O.
the
pay
amount. Enclose
road
be submitted to the voters.
Lee
a
to
property
be
limitation
out
at
in the
subject to the
direct annual tax suf¬
will
interest
highway
bonds amounting to $500,000 will
on
taxable
levy of
ficient
favorably
was
election
;
follows:
as
bonds
the
at
June 4,
on
after Dec.
all
District
Election—At the election
held
be
any
and
the
to
Monday, May 7, 1945
nish the necessary printed bonds.
General obligations of the District
revenue
submitted
.-0':y. 062,300, and bridge
Bonds Voted—An issue of $25,000
fire and
police department
■
be
water
County (P. O. Dixon), III.
Bond
to
Argo, III.
'v':
■j/
1, 1945. These
due
are
will
Lee
issue
is contemplated.
de¬
tificates.
73,000 2%% water
tificates.
Contemplated—An
$40,000
voters at an election to be held in
the near future.
'
Quincy), III.
of court house construction bonds
'
$103,000 214% water
of
sue
III.
Election Planned—An is¬
Bond
working the farm
Adams County (P. O.
of
cost
Fair view,
or
ILLINOIS
Van
of
his tenant
or
bonds
Ingen
& Co., and Cohu & Torrey, both
of New York, jointly, at a price
scribed
farmer
a
share cropper
with him.
water), Fla.
Certificate
of
use
Bond
proval
to
Enclose'a
$500.
•
cer¬
1
••
County (P. O. Covington),
Ky.
- \ '
/•
Issue
of
a
Considered
$250,000
—
bond
permit construction of
Ap¬
issue
an
ad-
mistration building at the Greater
Cincinnati airport is to be consid¬
ered
by the General Assembly.
r
Volume
161
Number 4383
Morgan County (P. O.
erty)* KyBond
Call—W.
THE COMMERCIAL & FINANCIAL CHRONICLE
$193,000 in 1956 and 1963 to
West Lib¬
Knuckles,
I^ocal Finance Officer, has
the County's 4%
road and bridge refunding bonds,
dated June 1, 1942, Nos. 33 to 37,
are being called for payment on
June 1, at the Citizens Fidelity
Bank and Trust Co., Louisville.
announced that
ceases
date
on
called.
>
Bond
Bankers
at
Bond Co., of Louisville,
price of 103.00, a net interest
a
cost of about 2.006%.
described
are
$120,000
bonds
issued in
are
se¬
ries
designated Series A and
Series B. The issue designated
Series
as
lien
at
in
be
the
the school properties
on
Sturgis and Grove Center.
Series B will be issued in the
-
.
will
A
amount of $68,000, and is se¬
cured by a statutory mortgage
,
jointly
with accrued
interest
to date of
and must specify the
settlement,
price bid for each loan. Bids will
be received
for the whole
part of the
any
Bids
will
amount
received
be
for
or
offered.
for
all
or
of
the
amount
offered,
$52,000, and will none
for
all
or
none
of
any
by a statutory also
or"
parts.
Unless
bids
mortgage lien on • the school part
"all
or
none"
of
the
properties
in
Morganfield. specify
Said Series A and B will be a amount bid for, a portion of the
amount may be allotted. Notice of
part of one issue, which will
mature on June 1, as follows: acceptance or
rejection of any
$6,000 in 1950, $7,000 in 1951 offer will be made promptly. The
to
1954, $8,000 in 1955 to coupon bonds will be issued in
1959, $9,000 in 1960 to 1963, $1,000 denominations, registerable
and
$10,000 in 1964.
Said as to principal only, at the option
of
amount
secured
be
*
*
bonds
,
subject to redemp-
are
to stated * matur¬
ities at any interest payment
date upon 30 days' notice at
par and accrued interest, plus
a redemption premium of 3%.
V;" • tion
;
;
prior
which
a
statutory
will
mortgage
second
be
and
in¬
ferior
only to the lien secur¬
ing the refunding issue of
k; $120,000.
Due $8,000 June 1,
1947
to
the
to
successful
bidders at the time of
settlement.
Subsequently,
cates will be issued
certifi-r
desired in
as
ing legal opinion of Wood, Hoff¬
man,
King & Dawson, of New
York City, for all coupon bonds*
and approving
legal opinion of
Storey,
Thorndike,
Palmer
&
Dodge, of Boston, on1 the regis¬
tered stock, will be furnished the
by
Morganfield and Sturgis,
lien
issued
or
made in New York City. Approv¬
will be secured
on
be
bidder
statutory
the school properties
bonds.
Revenue
lien
will
Said bonds
1949.
are
successful bidder
bidders with¬
or
In the event
out cost.
that, prior
the
to
delivery of the above de¬
securities, there is any
Federal lgislation enacted affect¬
terest payment date upon 30
ing their tax status, the successful
days' notice at par and acbidder may, at his election, be re¬
crued interest, plus a redemplieved of his obligation to pur¬
?
tion premium of 3%.
chase
the securities,
in which
All of the bonds are dated June
event the deposit accompanying
1, 1945.
his bid wil be, returned. Circulars
subject to redemption prior to
stated maturities at any in-
r
-
scribed
*
*
.
showing the authority for the is¬
.-LOUISIANA
of these securities and the
suance
,
Bond
Abita Springs, La.
Election — An
issue
conditions of sale may be obtained
of
from the
City Register
upon ap¬
and
Mackubin, Legg & Co,
100.074
For
1.60% Bonds
Union Securities Corp,
New York,
Francis I. duPont & Co,
R. D. White & Co, and
Goodwyn & Olds, jointly__101.318
Halsey, Stuart & Co,
Blair & Co, Inc, and
Starkweather & Co,
jointly
.
101.059
■
For
1%% Bonds
'
v
-
'
-
.
.
.
MAINE
V.v'
;
Estabrook & Co, jointly__100.13
MASSACHUSETTS
Le wist on,
Me.
$400,000
temporary notes was awarded on
April 27 to the Merchants Nation¬
al Bank, of Boston, at 0.304%.
Dated May 7, 1945. Due $200,000
on Nov.
9 and on Nov. 23, 1945.
The next highest bidder was Sec¬
ond \ National
Bank, Boston, at
198
0.31%.
Other
bids
were
as
fol¬
lows:
Sale—The
Note
$500,000
tem¬
notes offered for sale on
1—v.
161, p.
1933—were
Sale—The $700,000 series
Bond
,
porary
GGG,
May
water
awarded
to
the
Second National
Banks of Boston, at a discount of
0.346%. -Dated May 10, 1944. De¬
tion
semi-
coupon
main
bonds
May .1—v.
and
sewer
offered
161,
annual
construc¬
for. sale
p.
on
1818—were
$10,- awarded to A. M. Kidder & Co.,
$5,000.
These notes are New York, W. H. Newbold's Son
due on Dec. 31, 1945.
The next & Co.,
Philadelphia, and Gruntal
highest bidder was the National
& Co., of New York, jointly, as
Shawmut Bank, Boston, at .347%.
l%s, at a price of 100.079, a basis
v
nominations $50,000, $25,000,
000 and
MARYLAND
of
Baltimore, Md.
has
J.
Ghingher, City Register,
announced that the Commis¬
sioners
of
Finance
will
receive
000
in
registered stock, now held in the
city's sinking funds, amounting to
$14,845,000:
fourth
sewer
Due
coupbri series A bonds.
'
$300,000 in 1948 and $400,000
in 1949 to
1953.
2,746,000 3% %
tension
series
and
Howard St. ex¬
viaduct
coupon
A, bonds. Due $171,000
May 1,
as
to
1965;
fol¬
$15,-
$20,000
in
Other bids:
1985.
First
»
■
Discount
v,-
National
Bank, Boston
Eipley & Co., Inc—
Goldman, Sachs & Co.
National Shawmut Bank, Boston
0.33%
Harriman
W.
I
E.
Hutton
&
0.334
0.335
0.338
Co
—
J.
on
May 8 for the purchase
of $250,000 temporary notes, at a
discount. Dated May 8, 1945. De¬
nominations
$25,000, $10,000 and
$5,000. Due Nov. 20, 1945. Issued
anticipation of revenue for the
year 1945.
in
Sale—The
For
Bidder—
1.40% Bonds
'
Rate
Phelps, Fenn & Co.,
Eldredge & Co.,
Paul
H.
Davis
fourth
water
series A bonds.
Due
$193,000 in 1948 to 1951-, and
coupon
1, 1945.
and
Robert
'
'
C. Jones &
..
Co.
Mutual
For
1 l/i%
158.51
J. Devine &
that he
26
Co.
would
—
on
send
a
Legislature re¬
issue of $2,500,000
questing an
bonds, so that work at East Bos¬
ton Airport will not be interrupt¬
ed, if he finds such action neces¬
sary.
The Governor stated that
he
did
not
consider
the
airport
program
to be in danger as a
$19,500,000 bond issue for airport
work is
tee
on
still before the
Commit¬
Military Affairs and Public
It is understood that the
Committee
considers this amount
too
large at the present time' and
that a smaller issue might be ad¬
visable
now, with additional
subsequently.
is¬
$500,000
temporary notes was awarded on
May 1 to the Merchants National
Bank
of
Boston, at
discount of
a
0.30%. Dated May 1, 1945. These
notes are due on Nov. 2, 1945.
Other bidders
were
follows:
as
Bidders—
Second
Bank, Boston-
0.326
0.335
0.32
Bank, Boston—
'
Winchester, Mass.
Notes
Offered
Treasurer
until
—
received
Town
The
sealed
on
These
notes.
notes
are
Insur-
(Springfield), Mass.
Bonds Called—All of the .out¬
standing series B refunding bonds,
dated Dec. 1, 1938, due l)ec. 1,
1968, are called for payment on
June 1, at par, at the Detroit Trust
Co., Detroit.
Michigan (State of)
due
on
16, 1945.
cities
April
due
awarded to the Mer¬
Bank of Boston,
of 0.30%.
Dated
was
National
its
In
$1
bonds and would call attention to
Bankers
the fact that the
in. each instance
Lot No.
21
26
28
29—
-
—_
Ripley & Co.,
Robbins
$25,000
34,000
5,000
55,000
25,000
70,000
15,000
10,000
335,000
25,000
30,000
17,000
50,000
70,000
111.83
114.97
114.64
123.63
106.73
120.63
119.31
127.91
128.41
127.68
129.74
119.26
141.64
125.45
&
Trust
and
40
year,
■
Also
enacted by
the Michigan
Legislature was a 10% retail tax
on liquor, expected to raise $10,-
yield from both taxes will
on
a
per capita
basis among cities, villages and
townships, with counties, receiv¬
ing the townships' share and de¬
voting it to road purposes.
'
be
distributed
It
was
should
estimated
30%
net
of
that
the
Detroit
revenue
and the five-county metropolitan
areas should receive 50%,
*
/
,
Tenders
Wanted—Frank
L.
Dumond, Treasurer Board of Ed¬
ucation, will receive sealed tend¬
ers 3 PM.
(EST), on May 8 for
the
purchase of 2Vz% refunding
of 1940, maturing July 1,
amount
hand
on
in
sinking fund for the retire$6,000.
Redford Township,
0.31
0.36
Bedford Union
Schools, Dist. No. 1 (P. 0* *
Detroit), Mich.
.
0.32
York-
Bond
0.34
New
The
1970.
meht of the bonds is
0.31%
Inc.—
Co
Co.,
Call—Tenders
'j
...
Wanted—
Refunding bonds Nos. 400 to 413,
dated Nov. 1, 1942, are called for
payment on June 1, at the Detroit
MICHIGAN
Bank.
Center Line,
Mich.
District Secretary Bernard
Offering—William Stein-
Bond
New York
Price Paid
Boston—
Co.,
complete details
appeared in our
Amount
Bank,
Boston
National Shawmut Bank, Boston
issue of April 23, on page 1818:
(Detroit, Mich., bonds)
securities
exemption of $20 on the tax on
his other intangible holdings.
*
The revised intangibles tax is
expected to yield $6,000,000 a
0.31
Discount
County Trust Co.—
Trust
L.
form, the intang¬
legislation levies a, tax
on the dividends of stock,
$1,000 on the face value
cents per $1,000 on bank deposits.
Banks will pay the latter levy.
.
A taxpayer-making an indivi¬
the
National
Harriman
final
per
non-income
of
follows:
as
1945.
Bidder—
H.
its
ibles tax
of 3%
bonds
Worcester
First
money-raising features, lower
rate of taxation and spread
the
the levy more widely.
These notes are
Nov. 15, 1945. Other bids
30,
on
were
aid
to
Township School Dist. No..,It
(P. O. Grand Rapids), Mich. >■
discount
a
revenues
in
meeting their post-toar
reconstruction
needs, Michigan's
Legislature gave final approval
April 25 to a bill revising the
State intangibles tax to double
Worcester, Mass.
April 27
additional
year
Paris
Note Sale—An issue of $500,000
revenue notes offered for sale on
at
Municipalities
Approved—Completing a program
designed to provide $16,000,000 a
bids
May 4, for the pur¬
chase of $200,000 tax anticipation
noon
certified check
a
$1,000, payable to the City.
The
0.319%
National Shawmut Bank, Boston
Harriman Ripley & Co., Inc.-National
for
000,000 a year.
Discount
National
Enclose
bonds.
dual return will be entitled to ah
Medford, Mass.
Note Sale—An issue of
Bids will be con¬
upon
Increased Aid to
the
to
or
be
the
unqualified
opinion of Miller, Canfield, Pad¬
dock & Stone, of Detroit, approv¬
ing the legality of the bond8. The
cost of such legal opinion will be
paid by the City.
The purchaser
will pay for the printing of the
0.31
0-315
17.
Bonds
C.
Day
8__
Northern Trust Co, Chicago,
Alex. Brown & Sons,
National
Second National Bank, Boston
16___._
100.647
Life
Portfolio Award—The company
5_
Co.,
America
accepted bids April 24 on a total
of $2,773,000 various bonds of the
City of Detroit, the East Bay
Municipal Utility District, Calif.,
and Huntsville, Ala.
Below we
show the purchasers of the vari¬
ous
blocks
(31 in number) of
7
1.40s
»
$5,000
To
chants
ance
*
Rate
Massachusetts
'■
*
Utility District Cal„ bonds)
Nov.
Bidder—
3_
'
The other
follows:
as
ditioned
jointly.
($775,000 East Bay Municipal
issue of $400,-
Goldman, Sach & Co
.33%
Park National Bank,
Holyoke
.34%
First National Bank, Boston .35%
I!
Co.,
F. W. Craigie & Co,
Harvey Fisk & Sons,
McDonald & Co,
Ferris, Exnicios & Co,
For
•
were
2_
&
jointly,
3Vz%
Dec.
on
be considered.
*
First
Holyoke, Mass.
Note
of
rate
will
as
for less than all of the bonds will
*
Massachusetts (State of)
Bond
Issuance
Requested
Governor
Tobin
announced
Howard
Hughes, City Treasurer will re¬
ceive
sealed
bids
until
noon
(EWT)
*
&
Maiden, Mass.
Offering
*
*
Co.,
sues
Note
*
Savings Association,
San Francisco, First National
Bank, Portland and Weeden &
0.345
To C. J. Devine & Co.,
in 1948 to 1953, and $172,000
2;316,000
-
on
1975, and $25,000 in 1976
in 1954 to 1963.
;
due
1956
to
*
1,
are
lows: $10,000 in 1946 to 1955;
May 10, for the pur¬
chase of the following bonds and
on
3V2%
May
bonds
sealed bids at his office until noon
$2,300,000
Dated
Denomination $1,000. These
1966 to
(EWT)
1.37%.
1945.
Sinking Fund Bond Offering—
John
about
Bank
Trust
Safety.
Bidder—
bids
District, Md.
To
to
bonds
.
produces the lowest interest cost
to the City after deducting the
premium offered, if any.
lp de¬
termining the net interest cost,
interest on premium will not be
considered as deductible, and in¬
terest on bonds will be computed
from May 1, 1945, to the respec¬
tive maturity dates.
No proposal
*
129,000
—__
measure
Notes Sold—An issue of
Bronx Park
*Rrice paid not disclosed.
April
Framingham, Mass.
Due
Washington Suburban Sanitary
f
27
The
amount.
($239,000 Huntsville, Ala., bonds)
$85,000
108.10
Blyth & Co,
Equitable Securities Corp,
and
310
15_
limitation
out
5,000
45,000
50,000
25,000
120,000
136,000
110,000
as
awarded to the bidder whose' bid
First Boston Corp.
(Detroit, Mich., bonds)
12_
all taxable property
necessary
to pay the
bonds and interest thereon, with¬
123.609
$11,000
10,000
upon
be
may
To
20
$65;000 gas and water bonds will plication. Enclose a certified check 000 temporary notes was awarded
to the voters at an for 2% of the par value of the on May 1 to the National Shaw¬
election to be held on May 29.
•*' respective bonds, payable to the mut Bank, of Boston, at a dis¬
count of .32%. Dated May 1, 1945.
Commissioners of Finance. •
>
be submitted
'
Co,
Scott, Horner & Mason,
Kebbon, McCormick & Co,
for
registered stock
Said bonds
'
-V at
One certificate
each series of the
Building multiples of $100. Delivery will be
School
2V2%
24,000
of the holder.
John Nuveen &
National
levy
therein such ad valorem taxes
(Detroit, Mich., bonds)
$30,000
110.79
9
„
$175,000
To
___100.539
jointly
to
Chase National Bank
6——
Harriman
sale,-which was authorized®
by the Commissioners of Finance
meeting on April 27, 1945,
will not increase the public debt.
Principal and interest on both the
bonds and the registered stock are
payable at Baltimore.
All bids
must name a price for each $100,
This
1214303—
obilgations of the City, which is
authorized and.required by law
(Detroit, Mich., bonds)
Glore, Forgan & Co._„___100.41
Ripley & Co, Inc.,
B. J. Van Ingen & Co, and
R. W. Pressprich & Co,
jointly
_100.39
3,304,000 5% water registered
stock, series A. Due $564,000
in
1953, $719,000
in
1958,
$735,000 in 1959, $793,000 in
1960, and $493,000 in 1961.
Smith, Barney & Co.
(Detroit, Mich., bonds)
4
$14,000
119.194
24
63,000
106.957
25_—20,000
114.185
To
Stein Bros. & Boyce, and
E. Lowber Stokes & Co,
in 1964.
at their
School Building
Revenue
bonds.
2V4%
Refunding
Said
The bonds
follows:
as
Co,
Paine, Webber, Jackson &
Curtis,
Otis & Co,
First of Michigan Corp,
,
.
100.917
R. S. Dickson &
2,754,000 4% second water reg¬
istered stock, series A.
Due
$384,000 in 1958, $399,000 in
1959, $415,000 in 1960, $420,000 in 1961, $183,000 in 1962,
$467,000 in 1963, and $486,000
Union
County (P. Q. Morganton),
Ky*
Sale—The $144,000 bonds
offered for sale on May 1—v. 161,
p.
1931—were awarded to the
Martin, Burns & Corbett,
jointly
000 in 1961 to 1965.
,
To
and
1,425,000 3Vz% third water cou¬
pon series A bonds. Due $285,-
State
Interest
Braun, Bosworth & Co, Inc.,
1969.
L.
2047
haus,
City
Clerk,
sealed
bids until
on
May 7 for
$42,000 coupon
8
will
receive
til
P.M.
(EWT),
certificates of indebtedness in the
the purchase of
refunding bonds
Dated May 1, 1945.
De¬
nomination $1,000.
Due Dec. 1,
of 1945.
as
follows:
in 1946
to
1960.
$4,000 in 1945, $3,000
tp 1953, and $2,000 in 1954
The bonds will bear in¬
terest at a rate
or
Hii-
ler will receive sealed tenders un¬
rates not
ex¬
7
p.m.
amount of
(EWT)
on
May 8
of
$27,000.
Royal Oak Township School Distv
No. 7 (P. O. Berkley), Mich„
.
Tenders
Wanted—Eduard
Pari
kins, Secretary Board of Educa¬
tion
until
will
8:30
receive
P.M.
sealed
tenders
(EWT), on May
14 for the purchase of issue of
1937, series A, refunding bonds,
dated Sept. 1, 1937.
The amount
in the sinking fund for the re¬
tirement of the bonds is approxi¬
ceeding 3% to Dec. 1, 1948, and
not exceeding 3J/2%
thereafter,
expressed in multiples of *4 of
1%.
Principal and interest pay¬
able at the Detroit Trust Co., De¬
troit.
The bonds will be general mately $15,000.
THE COMMERCIAL & FINANCIAL
2048
and
Warren
Townships,
Sterling
No.
1
$41,000 refund¬
offered for sale on
April 26, were awarded to the
Community
Bank,
of
Warren.
Dated May 1, 1945. Denomination
$1,000.
Due May 1, as follows:
$5,000 in 1946 to 1950, and $4,000
in 1951 to 1954.
Bonds maturing
ing
Trauernicht, of St, Louis. Dated
1945.
Hancock County, Gulf view
Consol.
Sch. Dist.
(P. O. Bay Saint
Louis), Miss.
Legality Approved—An issue of
bonds
$20,000 3% construction bonds has
been approved as to legality by
Charles
&
Trauernicht,
of St.
Louis. Dated
Sept. 1, 1944.
Picayune, Miss.
in
195]. to 1954 are optional at
par and accrued interest on any
Bond
Election
—
issue
An
of
after $200,000 school bonds will be sub¬
May 1, 1946.
Rate of interest to mitted to the voters at an elec¬
be in multiples of Vi of 1%. Prin¬ tion to be held on May 8.
cipal and interest payable at the
MONTANA
Detroit Trust Co., Detroit.
The
bonds will be the general obliga¬
Harlowton, Mont.
tion off the School District, which
Bond Sale Details—The issue of
is authorized and required by law $22,035 bonds awarded recently to
to
levy upon
all the taxable Piper, Jaffray & Hopwood, of
property therein such ad valorem Minneapolis, as 2s, at a price of
taxes as may be necessary to pay 100.113—v. 161, p. 1819—matures
interest payment date on or
and
bonds
the
limitation
without
thereon,
interest
of
rate
or
follows:
as
Miller, Canfield, Pad¬
dock & Stone, of Detroit, approv¬
ing the legality of the bonds.
MINNESOTA
School Dist. No. 30
(P. O. Bethel), Minn.
Bond
Offering — Mrs.
Joyce
bonds.
1945
Clerk
Hanson,
receive
will
P.M.
Board
School
of
sealed
bids
until
8
1953,
and
$2,535
in
2,400 well bonds.
Due $240 on
Dec. 1, 1945 to 1954.
Dated
1, 1944. All of said
redeemable in 5
Dec.
will
bonds
and said the sav~
in interest the first year
probably offset the pre¬
mium paid for calling the present
option
of the City.
Due
$1,000.
1947 to'1963.
interest at
Dec.
$1,000
1,
The bonds will bear
rate specified by the
a
NEW
for all of the bonds.
same
will be
•considered.
Principal and inter¬
payable at any suitable bank
trust company designated by
est
or
successful
the
bidder.
The
ap¬
on
June
to
100, due June 1, 1957.
Bonds
will be redeemed at the Guaranty
Trust Co., New York City, at the
principal amount thereof and ac¬
crued interest, with the Dec. 1,
proving opinion of Dorsey, ColBarker, Scott & Barber, of 1945, and subsequent coupons at¬
Minneapolis, and printed bonds tached. Coupons due June 1, 1945,
will be furnished the purchaser should be presented for payment
man,
without cost.
Enclose
a
certified
check for
$370, payable to Elmer
B. Lee, District Treasurer.
Bristol (P. O. Granger),
Bond
Offering — J.
Minn.
Steven
usual
the
in
ceases
Note
Sale—An issue of $180,000
anticipation
notes
offered
April 30—v. 161, p. 1932—was sold
to
the
First
National Bank,
of
Rochester, at 0.378%. Dated May
Royalton, Minn.
„
....
Bond Election—The issuance of
$15,000
village
hall
construction
bqnds will be submitted to the
voters
for
at
May
Clerk
8,
A.
election
an
scheduled
according to
B.
Village
Inderrieden.
Wilkin County
Call
Bond
—
1%%, Nos. 61
$240,000, have
payment
on
Refunding bonds
to 300, totaling
been called for
June 1, at the County
be in negotiable form and accom¬
panied by Dec. 1, 1945, and sub¬
sequent
coupons.
Coupons due
June 1, 1945, and prior thereto,
will be paid on surrender/Bonds
are
dated June 1, 1940 and ma¬
ture
Indep. School Dist.
on
June
1
National
Boston
Board
receive
of
sealed
Colbert,
Education, will
bids
until
11
a.m.;
1945, 1950 and
Nebraska
Booklet
(State of)
Shows
Municipal
Sta¬
tistics—The Wachob-Bender Corp.
of
Omaha, has just issued the
1944-1945
edition
of
or
at
his
its
booklet
option
thereafter.
certified check for $1,000j payable to the District Treas¬
Refunding Suggested—On April
25, the Finance Committee of the
City Council had under advise¬
urer,-
ment
Enclose
a
MISSISSIPPI
suggestion that $825,000 in
4% bonds still outstanding on the
a
South
Chickashaw
County Supervisors
Dist. No. 3 (P.O.
Houston),
Miss.
Legality Approved—An issue of
nanced.
the
Omaha
Mayor
Council
lieved
nanced
the
at
on
Bridge
Dan
April
issue
be
Butler
24
could
he
be
refi¬
told
be¬
refi¬
l3/4% to lVz% interest.
$9,275 3% funding bonds has been .Louis Hines,
Manager
of
the
approved as to legality by Charles Bridge Commission, recommended
National
the
to
0.963%.
a
Dated
May
Halsey, Stuart & Co., for Is,
price of 100.10.
Other bid¬
ders
a
York,
price of 100.2498,
a
at
follows:
as
were
Bidder—
(State of)
Nevada
able
En¬
Legislation amending the
War Housing Act to en¬
public housing ac¬
low-rent
tivities in that State has been
acted.
The
vada
power
Federal
them
use
families
Government
house
to
and
and
to
low-income
The
veterans.
low-rent
Mercantile-Commerce
&
Trust
An
Bioren
&
Co.,
Harriman
Call—Evelyn Kwik, Act¬
Borough
Clerk,
has
an¬
nounced that the 4% general re¬
funding bonds, Nos. 60 to 111, 114
to 594, and 596 to 625, aggregating
$563,000, are called for payment
at par
and accrued interest on
June 1, at the Sea Bright Nation¬
Bank, Sea Bright,
the Bank
or
Van
1945,
1,
attached.
date
on
subsequent
called.
E.
Dec.
nancial
is
the
Condition—The following
text of a statement made
public recently
Hague:
Jersey
City
soundest
by
is
today
financial
in
its
in
condition
the
despite
depression
and a 12-year litigation with the
railroads. On a "pay-as-you-go."
basis since 1936, the City has end¬
ed every fiscal year with unen¬
cumbered
cash surpluses ranging
$1,700,000 to $12,400,000.
In
each of these years the City has
lived well within its appropria¬
tions without impairing any mu¬
nicipal services, and revenues col¬
lected
invariably have substan¬
tially exceeded conservative bud¬
get estimates. At the same time
the City's net public debt will be
reduced, by Dec. 31, 1945, from
$71,173,114 to $39,916,510, or a re¬
from
of
&
1
Co.,
27
the
coun¬
our
Savings Bank,
Nuveen
&
Co.,
Dougherty
&
Co.,
Saffin
Co.,
&
■' v.'."/'
?
/
'/./'.V:/ /V;
A
a
yield of 1.10%.
Savings Bank,
Bros., Inc.,
$335,000
9
$124,000
100.044
Rollins &
4
/
wood
bonds, at 114,
of 0.81%.
Goldman, Sachs & Co., and
Boland, Saffin & Co.,
jointly,
13
New
a
yield
;
$333,000
Trenton bonds,
at
114.76, a yield of 0.68%.
$25,000 Wayne Twp., bonds,
16
_____.100.026
at
For
Sons,
&
*
$124,000 Borough of Collings-
:
_____100.03
1.20% Bonds
Shields & Co., and
Julius A. Rippel, Inc.,
jointly,
•-••• '
•:
For $335,000
_100.398
a
Fisk
Harvey
York:
f
;
bonds, at
yield of 0.80%.
Newark
113.764,
To
Sons,
For $335,000
120.835,
Chicago:
■v/v
113.86,
a
yield of 0.67%.
To C. J. Devine & Co., New York:
23
Elizabeth bonds, at
a yield of 1.25%. '
•
$249,000
134.61,
,
,
To
J.
S.
Rippel & Co., and B. J.
__
Blair & Co., Inc.,
MacBride, Miller & Co.,
Van Ingen
$33,000 Borough of Caldwell
bonds, at 114.82, a yield of
3
$38,000
and
Lobdell
0.90%.
&
Co., jointly,
For $334,000
J.
S. Rippel &
H. L. Allen &
100.39
Co., and
Co.,
bonds,
Ferry
For $335,000
100.30
Haupt & Co.,
Buckley Bros., and
Childs
&
at
at
111.36,
a
10
$183,000 Borough of Roselle
bonds, at 118.19, a yield of
11
$28,000
1.03%.
/
Co.,
.
Scotch Plains Town¬
ship bonds, at 106.38,
jointly,
For $335,000
of
100.276
Minsch, Monell & Co.,
Webster Dougherty & Co.,
and
/ Butcher & Sherrerd,
jointly,
For $335,000
100.147
t
..
100.26
37
$198,000 Borough of Roselle
bonds, at 128.23, a yield of
Union T oV n s h i p
bonds, at 110.79, a yield of
1.02%.
;
1.56%.
44
$50,000
Wayne Township
bonds, at 133.04, a yield of
1.62%.
To
Blyth &
Bond
Call—William
H.
Zaun,
Borough Clerk, calls for payment
on June
1, the 3V2%, 4%, 4y2%
and 5%, refunding bonds amount¬
ing to $296,500, being all of the
E.
will
mature
18
Said
bonds
June
1,
1945.
redeemed
without
premium,
and
upon
surrender
(with all
coupons
of
at
pre¬
the
thereto
&
Co., and Van De-
Bros., jointly.
$119,000 Borough of Verona
bonds, at 129.754, a yield of
1.41%.
To
be
Hutton
venter
43
remaining bonds of an authorized
issue, dated June 1, 1935, which
after
Harriman
Ripley & Co., Inc.,
Co., Estabrook & Co.,
Equitable Securities Corp., W.
National Park, N. J.
will
yield
$82,000
For
l\i% Bonds
M. M. Freeman & Co.,
For $335,000
a
0.97%.
14
A.
sentation
bonds,
yield of 1.11%.
Ira
F.
/-v.■
Carlstadt
/;v. 108.16, a yield of 1.03%. ■>
7
$29,000
Borough
of
Little
jointly,
C.
Co., jointly:
&
2
bonds
in
in
To Harris Trust &
v/
30
schedules
,
found
&
John
Boland,
at
;
but
rate
to
the
*
_100.22
The municipally-operated Water
Department, with one of the low¬
.
of
details
$10,000 Bloomfield bonds, at
128.06, a yield of 0.86%.
$23,000 Millburn Twp., bonds,
at 115.169, a yield of 0.88%.
$138,000 Milburn Twp., bonds,
8
est
amounting
.
be
Webster
No.
25
43.9%,
made
Block
the principal amount thereof and
accrued interest to June 1, 1945,
$31,256,604.
be
jointly:
100.28
For $335,000
Mayor Frank
history,
duction
Co.,
jointly,
1, 1939. Denomination $1,000. Due
from Dec. 1, 1946 to 1971.
Jersey City, N. J.
Mayor Reports City In Good Fi¬
the follow¬
additional
will
Chicago,
Ripley & Co., Inc.
Deventer
H.
such
maturity,
,-
B. J. Van Ingen &
Co.,
Dolphin & Co., and
to
Interest
Dated
the Union
was
with
should
that
A.
jointly,
of The Manhattan
maturing
connection
and
Kean, Taylor & Co.,
Spencer Trask & Co., and
Bond
ing
A
report of the bonds awarded,
mention
and
jointly,
For $335,000
For
$593,000
refunding bonds offered for sale
recently was awarded to Schwamm
& Co., of New York, at a price of
94.94, for bonds maturing in 1946
to 1959, as 2%s, and bonds matur¬
ing in 1960 and 1969, as 3s.
:
ceases
In
ing
To Harris Trust
W. H. Newbold's Sons &
*
Highlands, N. J.
1.
County Trust Co., which offered
to pay $36,694.40, and high bidder
for No. 20 was a group headed by
Stroud & Co., Philadelphia, which
named a price of $107,891.04, or a
net cost of 1.44%.
jointly,
Bond Sale—An issue of
June
der for block No. 5
100.466
For $335,000
—
May
on
issue of April 23, on page 1819:
For $334,000
Campbell, Phelps & Co.,
City, N. J.
Approved
Fund
of
$4,944,200 of bonds were
offered,
with no
award
being
made of block No. 5, consisting
of
$32,000
Hackensack,
N.
J.,
sewer bonds, and of block No.
20,
comprising
$82,000 Borough of
Collingswood bonds.
High bid¬
and
Funding Commission.
al
Bank
Co., St. Louis,
jointly,
NEW JERSEY
Issuance
Annuity
relative to the various bonds, such
as interest
rate and purpose and
Estabrook
$679,000 refunding bonds was
approved on April 23 by the State
success¬
For 1.10% Bonds
Blyth & Co., and
projects.
of
of the
names
fact
local
housing authorities are also given
power to build and operate new
show
and prices paid, for
$4,846,200 various blocks of
total
Price Bid
—
en¬
built under the Lanham Act from
the
bidders,
1% Bonds
A. G. Becker & Co.,
For $335,000
__100.035
amendments
give Ne¬
local
housing
authorities
to
acquire war housing
we
fully registered New Jersey muni¬
cipal
bonds
awarded
by
the
gen¬
as Is,
basis of
15,
1945. Denomination $1,000. These
bonds are due on May 15, as fol¬
lows: $22,000 in 1946, $23,000 in
1947 to 1951, and $33,000 in 1952
to 1957.
The next highest bidder
at
was
0.379'/*
Public Housing Legislation
acted—
000
sale
$335,000
Bank of New
about
0.383
Boston
coupons
May 8 for the purchase of $50,- '
containing a variety of data useful
building bonds, at not excedin evaluating the
financial con¬
ing 2% interest.
dition of taxing units in the State
Dated May 1, 1945. Denomina¬
of Nebraska. As usual, an index
tion $1,000. Due May 1, as follows:
in the forepart of the booklet fa¬
$3,000 in 1948 to 1957, and $4,000
cilitates ready access to the rec¬
in; 1958 to 1962. Principal and in¬
ord for each community and the
terest
(M-N)
payable
at such
data includes the 1940 population,
place as the bidder may designate.
assessed valuation for 1944, bond¬
The District will furnish the print¬
ed debt and total mill levy.
ed bonds, and all bids must be un¬
A
feature
of
the
document,
conditional except as to legality
which may be made conditional copies of which may be obtained
upon application to the Wachobupqn the legal opinion of Dorsey,
Bender Corp., is a discussion of
Colman, Barker, Scott & Barber,
the Consumers Public Power Dis¬
of. Minneapolis,
whose
opinion
trict and its various systems, in¬
must be accepted by the purchas¬
cluding their debt status.
er, Delivery will be made to the
purchaser within 30 days after the
Omaha, Neb.
on
Bronx
0.389
Bank,
Corp
Co., New York
City, and should have all interest
Minn.
Bond Offering —Helen
in
1955.
No. 1 (P. O. Breckenridge),
Clerk,
on
Boston
___
First
Bond
Treasurer's office. The bonds must
r
Bank,
$87)
First
Lincoln, Neb.
Bond Call—Theo. H. Berg, City
Clerk calls for payment on June
—
'
due
are
Int. Rate
National
(plus
Gloucester
Town
$700,000 construction, repair and
site purchase bonds was defeated
by thewoters at the election held
on
April 23.
notes
Bidder—
Second
Interest
.manner.
Clerk, will receive 1, Village of College View water
sealed bids until May 18 for the refunding bonds Nos. 28 and 29,
purchase of
$50,000
road and to the amount of $2,000, which
bonds have been assumed by the
bridge bonds.
City of Lincoln.
Denomination
Red Wing School District No. 1
$1,000.
(P. O. Red Wing), Minn.
Nebraska City, Neb.
Bonds Defeated
An issue of
Jones,
These
1945.
Dec. 18, 1945. Other bidders were
follows:
as
awarded
—were
date called.
on
Sale—The
improvement bonds offered
for sale on May 2—v. 161, p. 1819
tax
3,
County (P. O. Free¬
hold), N. J.
eral
N.H.
Dakota
City), Neb.
Bond Call — George Johnson,
Chairman of the Board of County
1, for account of the sink¬
ing fund, $100,000 2y2% bridge
revenue
refunding bonds, Nos. 1
be the
Monmouth
Bond
Strafford County (P. O. Dover),
Portfolio Award—In the follow¬
ing
ful
the
For
Commissioners, calls for payment
No' bids for less than par
tremely favorable position to meet
post-war problems and to capital¬
ize on post-war expansion needs.
HAMPSHIRE
Nevada
Dakota County (P. O.
appertaining maturing on or after
date) at the Farmers & Me¬
Woodbury.
Any of said bonds which shall at
the time be registered should be
accompanied by duly executed
assignments or transfer powers in
said
chanics National Bank,
Bonds Defeated—Frank J, Mil¬
NEBRASKA
■
y4
bidder in multiples of
one-tenth of 1% and must
stated
NEVADA
successful
or
is
ler, Vilage Clerk, has announced
that
the $5,000
memorial park
bonds failed to carry at the elec¬
tion held on April 3.
of
tion
try, has been operated each year
at a cash surplus, which has been
used to reduce general taxation.
Approximately
$16,000,000
in
delinquent railroad taxes and in¬
by terest owed the City is still in li¬
M. J. Dineen, Jr., City Clerk, that
tigation. When, and if, any of
blank.
Interest ceases on date
an election will
be held on May these millions are collected, they
15 to submit to the voters a pro¬ will
be
entirely unencumbered called.
posal calling for the issuance of cash surplus, available for reduc¬
NEW JERSEY
$1,250,000 aviation field, general tion of general taxes.
New Jersey State Teachers' Pension
obligation bonds.
Jersey City's current and longand Annuity Fund (P. O.
range financial condition, there¬
Valley, Neb.
Trenton), N. J.
fore, is such that we are in an ex¬
Election—It
Bond
Basis of about 1.97%.
$17,000 building coupon bonds.
Dated June 1, 1945.
Denomina¬
Monday, May 7, 1945
bonds.
be
at the
years
May 14 for the purchase
on
1, $1,900 in
Dec.
Due
to
1954.
•
,
construction
reservoir;
$19,635
amount.
Anoka County
the refinancing
ings
would
(P. O. Warren), Mich.
Bond Sale—The
&
March 15,
Warren Consol. Frac. Sch. Dist.
CHRONICLE
Barr
Bros.
&
Co., New York:
$294,000 Bloomfield bonds, at
134.77, a yield of 1.24%.
$113,000 Irvington bonds, at
119.95, a yield of 1.30%. ~
$110,000 New Brunswick
bonds, at 129.60,
1.28%.
'
.
a
yield of
Volume
to
'.''v..#
No.
■
-
To
Upper Darby
2.567%, as follows:
For $2,434,maturing Dec. 1, $794,000 in
terest, are dated June 30, 1938 and
000
maturing
$6,000 public impt. 6s, due Aug. 1,
1961, $810,000 in 1962, $830,000 in
1976 inclusive.
"V.'i
1951-1960.
1963, as 2%s, J-D, and $3,100,000
maturing Dec. 1, $850,000 in 1964,
To
Halsey,
Stuart
Co.,
&
28
47,000
To Ewimg & Co., New
at
Inc.,
$45,000 North Plainfield
bonds, at 125.41, a yield of
32
1952-1958.
40,000
Block
Pompton
due Dec. 15,
Borough
due Oct.
1,
No. 29
($188,000 Maplewood Township)
$73,000 sewer 4*/2s, due June 15,
1945-1951.
1952-1960.
Block No. 12
115,000 general improvement 4s,
/
due June 15, 1953-1960.
$19,000 Borough of Princeton
school 4V4S, due Nov. 1, 1951.
$20,000
Ridgewood
Block
Township $50,000 general improvement 4*/2S,
Block No. 14
due Nov.
1, 1953-1958.
:
7,000 public improvement 6s, due
Aug. 1, 1952 and 1953.
>* •
154,000 school 5s, due Aug. 1,
;•;•//•:
($207,000 Boro. of Roselle Park)
school 414s, due Feb. 1,
$51,000
I
impt. 414s, due June
school
414 s, due May
Lakes School 5s,
1,
Block
No.
15
"
1$45.
Denomin¬
Union
Report
'
of
issue
cording
on
Beach, N. J.
Default Status—Ac¬
the
of
minutes
the
to
meeting held on April 23 by; the
Local
Government
Commission,
Dec.
1, 1963, callable $415,000 Dec.
1, 1953 and 1954; $850,000 matur¬
530.
, r
Dec.
1, 1951 and 1952; $870,000
maturing Dec. 1, 1965, callable
$435,000 Dec.; 1, 1949 and 1950;
$900,000 maturing Dec. 1, 1966,
callable $450,000 Dec. 1, 1947 and
1948; and $480,000 maturing Dec.
1,
1957, callable Dec.
1, 1946.
Principal and interest payable at
the
Bank
of The
by
Hawkins,
Manhattan
Delafield
&
Hempstad and Oyster Bay, Hicksville Water Dist. (P. O. Hicks-
Long¬
due Dec. 15,
The
Int.
(A.
authorizing the issuance'of
water system improvement bonds
has been signed by the Gdvernor.
1980)
j
Kingston, N.
Bond Sale
offered
only other bid was:-
Boland, Saffin & Co.,
Allen & Co., ;
ville), N. Y.
Signed—A bill
Bill
Co.,
Legality approved
.
'
YORK
NEW
ing Dec. 1, 1964, callable $425,000
No. 32
Block
'
new
interest, on 30 days' published no¬ the above Borough on March 31,
tice, at the option of the Town¬ 1945, was in default on perma¬
ship, as follows: $1,604,400 matur¬ nent bonds, improvement bonds,
ing Dec. 1, 1961 and 1962, callable and scrip and certificates of in¬
Dec. 1,
1955; $830,000 maturing debtedness to the amount of $6,-
1952-1960.
.
May 1,
$1,000.
All of said bonds
subject to redemption
be
Pompton fellow, of New York.
of
'
scheduled
$600,000
$350,000
prior to maturity, in inverse num¬
erical order, at par and accrued
31
No.
Borough
$98,000
1946-1951.
bonds, at
will
of New York.
Block
1,
1946-1951.
ation
1952-1958.
1946-1951.
120,000
No. 30
($211,000 Town of Nutley) -
414s, due July 1, 1951.
school
128.75, a yield of 1.34%.
161, p.
Harris
V'R././
Y.
on
1V
•
t
"
/
,
The $84,500
sale
for
bonds
April 30—v.
1933—were awarded to the
Trust & Saving Bank,, of
Chicago,
100.1099,
bonds
—
%s, at a price; of'
basis of 0.733%, ..The
as
a
are
described
as
follows:
$171,000 - Borough of
Princeton Commerce Union Bank,
v4.;
$25,000 Union County Regional
$71,000 public improvement bonds
school 4V4S, due Nov. 1, 1952Nashville,
:/•
Pressprich & Co., Coffin & Burr,
High School District No. 1,
of 1945. Denomination $1,000.
"v/y 1960.
'
A. Webster Dougherty & Co.,
4s, due Nov. 1, 1945-1950.
Due March 1, as follows: $5,~
; and
Julius A. Rippel, Inc., ,
Block No. 33
y Fox, Reusch & Co.,
jointly:
/
000 in 1946 to 1958, and $6,000
Block No. 16
$178,000
Ridgewood
Township Hornblower & Weeks,
f
24
$118,000 Haddonfield bonds,
in 1959.
'
I
school 4*4s, due July 1, 1952- M. B. Vick &
($195,000 Essex County)
Co.,
at 113.51, a yield of ,1.22%.
13,500 equipment of 1945 bonds.
$50,000 park 4*/2S, due May 1,1953.
Buckley Bros.,
33
$163,000 Passaic City bonds,
Denomination $1,000, one for
Block No. 34
' /'V//;.
"10,000 park 414s, due June 1,
C. F. Childs & Co.,
at 137.23, a yield of 1.64%.
$500. Due March 1, as follows:
1957-1958.
($141,000 Borough of Roselle .- McDougal & Condon,
/
34
$409,000 Paterson bonds, at
$2,000 in 1946, $2,500 jin 1947
'VPark); ■/:
'■(.* Francis I. duPont & Co.,
25,000 park 414s, due May 1,
129.85, a yield of 1.48%.
and $3,000 in 1948 and 1950.
;:
1952-1954.
$99,000 school A^s, due Feb, 1, R. S. Dickson & Co.,
41
$105,000 Teaneck Township
Dated March 1, 1945. Other bid¬
1952-1960.
J
15,000 park 4*/2S, due June 1,
Kalman & Co.,
bonds of 122.006, a yield of
ders were as follows:
•> • •' •; '
1953-1959.
42,000 school 4%s, due May 1, Tripp & Co.,
.V-:::1.34%.
••
Int.'
'Price
1952-1958.
95,000 vocational school 414 s, due
Lyons & Shafto,
42
Rate ;<vIBid f
$340,000 Trenton - bonds,
at
Bidder—
March 15, 1952-1960.
Block No. 35
Miller, Kenower & Co.,
% l/o
100.029
Gruntal &
Co
129.43, a yield of 1.28%. :
Chas. E/Weigold & Co._^ 90 ,; v ..100,13
$70,000 Town of Westfield school Pohl & Co.,
Block No. 17
45
$306,000 West Orange bonds,
Geo.
B.
Gibbons
&
Co.
'fO'.
4%s, due M^rch 1, 1951-1960. Irving J. Rice 8c Co.,
at 122.55,. a yield of 1.35%.
$46,000
Mercer
Inc., and
Brown Bros.
County, road
John B. Carroll & Co.,
Block No. 36
100.106
Harriman & Co., jointly 90
bridge and impt, 514 s, due
To
Boland, Saffin &
Co., and
•100.10
90
Halsey, Stuart & Co.__^_
$63,000
Woodbury' City
sewer MacBride, Miller & Co,
Aug. 1, 1955.
MacBride, Miller & Co., jointly:
National Bronx Bank, New
Moore, Leonard & Lynch,
3*/4s, due Nov. 1, 1952-1960.
1
' 100.40
19
York
$266,000 Borough of CaldBlock No. 18
Wm. Seufferle & Co,
1
•'•100.291
Salmon Bros. & Hutzler__
Block No. 37
/,
///•
well
bonds,
at
134.66, a
($40,000 Passaic County)
Channer Securities Co,
$86,000 Union County Regional
yield of 1.26%.
Long Beach, N. Y.
$5,000 park 5!4s, due Jan. 1, 1960.
Chicago, and
High School District No. - 1,
To Boland,
Redcmption Notice—Holders of
Saffin & Co., New
35,000 road, bridge and county
Eisle & King, Libaire,
4s, due on Nov. 1, 1952-1963.
York: /V/v
series B, general refunding.bonds,
building 5s, due on June 1 in
Stout & Co, jointly,
The* official notice of sale states
dated Dec. 1, 1940, and due.fon
35
1954 and 1956.
$27,000
Phillipsburg bonds,
For $1,604,000, 3s,
that each proposal must specify
June 1, 1960, are being notified
at 122.46, a yield of 1.34%.
$2,550,000, 23/4s, and
Block No. 19
the amount in dollars and cents
Additional Offering — John A.
$1,374,000, 2y4s
100.123 that $33,000 principal amount of
($54,000 Belleville School District) offered for each block of bonds,
these bonds have been drawn by
Wood, 3rd., Secretary Board of $25,000 414s, due Jan. 1, 1957 and
y
Perth Amboy, N. J.
with accrued interest to the date
lot
for
redemption on June 1,
Trustees,
announces
that
the
1958.
of purchase to be added.
Bonds Publicly Offered—A syn¬
Legal
1945, at par plus accrued interest.
Board
will receive sealed bids
4,000 series B 43/4s, due Jan. 15, opinion of recognized bond coun¬ dicate
composed of the Commerce Redemption will be madef at'the
until 2 P. M. on May 15 on an¬
1957.
sel will accompany each indivi¬ Union Bank, of Nashville, McDou¬ office
of
the
Marine
Midland
other
offering
of its
holdings.
1,000 series C 4%s, due Jan. 15, dual series of bonds included in
gal & Condon, of Chicago, Church, Trust Company of New York,"j20
This operation consists of $4,039,v
1957.
the offering.
ill & Co, of New York, and Pohl Broadway, New York, N. Y;-'-'
000 fully registered New Jersey
V
>'i4
'I.24,000 series A 5s, due Jan. 15,
& Co, of Cincinnati, is publicly
municipal bonds, of which $1,083,North Bergen Township (P, O.
Middletown, N. Y.,
h:r! 1951-1954.
;
offering, as of May 3, an issue of
000
mature from 1945
to 1951
North Bergen), N. J.
Bonds Voted—An issue of $66,Block No. 20
$516,000 3*4% refunding bonds.
incl., and $2,956,000 from 1951 to
Bond Sale—The $5,534,000 re¬
000 fire apparatus purchase iipnds
($101,000 Town of Boonton)
Dated Oct. 1, 1943. Denomination
1963 incl.
There are 37 separate
was favorably voted
at the elec¬
funding of 1945 bonds offered for
$1,000. These bonds are due on
blocks
and the
details include $18,000 series G school 3%s, due
tion held on April 11.
sale on April 30—v. 161, p. 1820— Oct.
Dec. 1, 1952-1960.
1, as follows: $51,000 in 1967,
the following:
,
awarded
to
a
syndicate
63,000 school 4y4s, due June 1, were
$91,000 in 1968, $200,000 in 1969,
New York (State of) 'A■/*;
Block No. 1
composed of B. J. Van Ingen & and $174,000 in 1970. Bonds ma¬
1952-1960
'■ '/-V'
Debt Study Issued—
Co., New York; Stranahan, Har¬ turing Oct. 1, 1970, optional Oct.
$50,000 Town of Belleville fund20,000 refunding 4%s, due April
Dealers and investors in bonds
ris & Co., Inc., Toledo; E. H. Rol¬
!
ing 4s, due June 1, 1950.
1, 1959 and 1960.
1, 1960, and bonds maturing Oct. of the State of New York:, and
lins & Sons, New York; Julius A.
1, 1967 to 1969, optional Oct. 1, its cities and counties should find
Block No. 2
Block No. 21 :
Rippel, Inc., J. S. Rippel & Co., 1965. Principal and interest (A-O)
extremely informative
a
study
($74,000 Town of Boonton)
$150,000 Bridgeton school 4*/4S, both of Newark; Bailey, Dwyer &
payable at the City Treasurer's of¬ prepared and published by the
due Dec. 1, 1952-1958.
$14,000 school, series G, 3%s, due
Co.,
Jersey
City;
Campbell, fice. Legality approved by Cald¬ Citizens Public Expenditure Sur¬
Dec. 1, 1945-1951.
Block No. 22
Phelps & Co., New York; Otis & well, Marshall, Trimble & Mitchell
vey of New York State, 100 State
18,000 school, series H, 3s, due
Co., Schwam & Co., both of New of New York.
($192,000 Borough of Carteret)
St., Albany.
The report, titled
April 15, 1946-1951.
$54,000 refunding 4*4s, due Aug. York; Stroud & Co., Dolphin &
"Our Debts—A Story of Federal,
Somers Point, N. J,
42,000 school 4*/4s, due June 1,
Co., both of Philadelphia; Thomas
1, 1953-1960.
State
and
Municipal Debts ^ as
1946-1951.
Refunding Approved — Interest
58,000 school 23/4s, due Nov. 1, & Co., Pittsburgh; Ira Haupt &
They Affect Citizens of New York
Block No. 3
Co., Minsch, Monell & Co., both in Default — The Local Govern¬
1953-1960.
State," includes data indicating
of New York; Bioren & Co., C. C. ment Board was informed at a
$28,000 City of Bridgeton school
14,000 school 5s, due Jan. 2,
the net total debt for each city
Collins & Co., Suplee, Yeatman & meeting on April 23 that the city
v
1951-1954.
41/4S, due Dec. 1, 1950 and
and county at end of fiscal years
in default, as of April 1, 1945, in
',1951.
v.':
40,000 public impt. 5s, due Dec. Co., all of Philadelphia; Weil,
covering the
period 1930-1943,
Roth
& Irving
Co., Cincinnati; the payment of $58,805 interest
Block No. 4
1, 1951-1957.
"
inclusive.
Also shown for each
due
on
the $518,500 refunding
24,000 school 5s, due July 1, Ballman & Main, Alfred O'Gara
unit is the 1943 per capital debt.
$5,000 Borough of Glen Ridge
& Co., Robert Showers, all of Chi¬ bonds of 1938. It was further dis¬
v
1952-1960.
impt. 4V2S, due May 1, 1951.
For cities alone, a tabular rec¬
closed that the city is in default
4,000 school 5s, due July 1, 1952, cago; Seasongood & Mayer, Wal¬
ord shows, for 1943, the debt lirnit,
Block No. 5
ter, Woody & Heimerdinger, Ein- in the payment of $22,695 school
1958. 1959 and 1960.
debt margin, and the amount of
$370,000 Hamilton Township
horn & Co., Ellis & Co., all of Cin¬ district taxes levied in the city
debt per $1,000 of assessed valua¬
Block No. 23
school refunding
4.65s, due
cinnati; Van Deventer Bros., Inc., prior to Jan. 1, 1945. At the same tion and
per $1,000 of full value.
Oct. 15, 1945-1949.
$63,000 Borough of Glen Ridge Newark; Lebenthal & Co., New meeting, the board certified a
Equally
interesting
data ? is
school 4*As, due Aug. 1, 1954York; Bond & Goodwin, Boston; resolution providing for the re¬
Block No. 6 given on the movement of the
1959.
Mueller
&
Currier,
Newark; funding of the city's outstanding
$25,000 Town of Kearny water
State's debt between July 1, 1930,
Block No. 24
including bonds and de¬
Kline, Lynch & Co., Magnus & debt,
funding 4%s, due Dec. 1,1951.
and June 30, 1942.
By way of
$72,000 Borough of Glen Ridge Co., Katz & O'Brien, all of Cin¬ faulted bond interest and school
illustrating the overall scope of
Block No. 7
school 334s, due Sept. 1, 1954- cinnati; Churchill & Co., Herbert district taxes. This program calls
the study it should be pointed
for the sale or exchange of a new
1960.
/
$9,000 Linden City
both of New
Union
To
■
4V4S,
10,000 school 434s, due March 1,
■
'V,,;'-
school
1953-1955.
1,
of
36,000
$50,000 Rutherford
38
Dated
($167,000 Linden)
V
$117,000 school 41/2S, due July 1,
Block No. 13
York:
Rippel,
414s, due July
due
The
Dec. 31 from 1943 to
on
refundings will include
due serially on Dec. 1
$870,000 in 1965, $900,000 in 1966,
from 1946 to 1984 inclusive, and
and $480,000 in 1967, as 2y4s.
carrying the indentifying letter
The entire issue of said bonds
and
$250,000 term bonds,
will bear 4% interest from May 1, "A,"
1945 to Dec. 1, 1946, and there¬ bearing identifying letter "B", and
1, 1984, although
after at the above rates of inter¬ maturing Dec.
subject to prior redemptiojri.
est.
Interest payable J-D.
Block No. 28
:
Lakes school 5s,
$68,000
and
Minsch, Monell & Co., jointly:
A.
Julius
To
water funding 4%s,
Dec. 1, 1952.
: r
1954 and 1955.
$47,200
Newton
bonds,
at
124.71, a yield of 1.23%.
31
school
1956.
and
30,000
Block No. 11
$20,000 East Rutherford bonds,
at 113.15, a yield of 1.38%.
22
1951-1959.
22,000 school 4s, due Jan. 1, 1955
1946-1951.
$52,000 Morristown bonds, at
132.869, a yield of 1.24%.
$77,000
Summit
bonds,
132.886, a yield of 1.15%.
($142,000 Town of Kearny)
$90,000 water 41/4s, due May 1,
20,000 general impt. 3s, due Sept.
1, 1946.
.^,7 v':
$195,000 Montclair bonds, at
129.172, a yield of 1.20%.
40
May 1, 1949-1951.
due
No. 27
Block
3*/2S,
30,000 general refunding 4s, due
Dec. 1, 1947 and 1948.
$29,000 East Orange bonds, at
123.322, a yield of 1.20%.
$40,000
Madison bonds, at
126.522, a yield of 0.91%.
refunding
general
18,000
$38,000 Teaneck Twp., bonds,
at 118.581, a yield of 1.01%.
26
v
Block No. 10
York:
21
v,
.
($148,000 City of Grange)
$13,000 public impt. 2%s, due Jan.
1, 1949 and 1950.
20,000 school refunding 3*/2S, due
May 1, 1950 and 1951.
New
12
29
$80,000
22,000 school 5s, due Aug. 1, 1951,
$34,000 West Orange bonds,
at 115.64, a yield of 0.91%.
17
1951/
National Bank:
$6,000
Irvington bonds, at
119.94, a yield of 0.99%.
15
$18,000 Borough of Verona
bonds, at 121.37, a yield of
'V.0.97%. ;
":-v.
6
■
Block No. 26
L
($28,000 Town of Nutley)
■■
$50,000
South
Orange and
Maplewood bonds, at 123.50,
a yield of 0.86%.
39
'
'
■
Borough of Highland
Park school 4*/2S, due Dec. 1,
Block No. 9
\'M
Block
2049
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4383
161
Securities Corp., R. W.
•
•
>
,
,
,
,
.
-
...
,
.
4
*
—________
.
..
•.
..."
.
.
.
.
-
'
,
school 4*/fes,
due
J. Sims & Co.,
July 1, 1951.
Block No. 8
$448,000
Hamilton
Township
Co., of New York, at a price interest. The presently outstand* of
100.018, a net interest cost of ing $518,500 bonds bear 4% in•
$7,000
Maplewood
Township
4*/2S, due June 15,1951.
sewer
school
Oct.
refunding
15, 1952-1959.
4.65s,
due
York;
Rambo, Keen, Close & Kerner, .refunding issue of $600,000, to be
Philadelphia, and J. Walter Bell datd May 1, 1945 and bearing 3%
Block No. 25
&
out
that
there
are
paragraphs
Ahead,"
Finance"
and life of the
titled,
"Danger
Signs
"Conflicting Theories of
(pay-as-you-go
THE COMMERCIAL & FINANCIAL CHRONICLE
project), and "Measures
nicipal Debt Capacity."
of
Mu¬
102.13,
April
$1,000.
Voted—An
issue
of
$6,-
000 fire
fighting equipment bonds
favorably voted at the elec-
was
tion held
:
Bond
Sale Details—The
bonds
bids until
on
in
were
Other
scribed
bidders
Trust
County
Co.,
.90
Bank
100.56
.90
Rensselaer
100.052
100.02
Albany
NORTH
Wahpeton
O.
(P.
be
Peschel,
Education,
Board
of
sealed
bids
receive
in
until
but
split
basis
and
awarded
bidder
said
such
to
bidders
or
bonds
or
or
will
shall
as
the
to
after
purchaser within
the
sale
at
or
30
his
days
option
thereafter. Each bid must be
conditional.
check
for
Enclose
$3,800,
payable to
the
District Treasurer.
OHIO
on
~
Bond
receive
P.
M.
Education
of
sealed
(EWT),
bids
until
Dated
June
1, 1945. De¬
Due $7,000
nomination
$1,000.
June and $8,000 Dec. 1, 1946, $8,000 June and Dec. 1, 1947, $7,000
June and $8,000 Dec. 1, 1948, $8,000, June and Dec. 1, 1949, $7,000
June and $8,000 Dec. 1, 1950, $8,-
■
000
June and Dec.
on
Bond
Ohio
Municipal
White &
1%.'.* No
and
bid
accrued
for
less
than
interest.
par
Enclose
a
certified check for
to
the
Board
$3,100, payable
Education.
of
Crookside {P. G.
Bridgeport), Ohio
Bond
Offering —H. E. Bernnbuse, Village Clerk, will receive
scaled bids until
noon on
May 10
purchase of the following
bonds
amounting to $14,-
for the
530: :
.■■•"'::
:
"■
May 2
The
later date.
a
(State of)
Market
Firm—J.
A.
follows:
as
municipal
market
during the past week at
the
all time
high levels estab¬
lished during the previous week.
index
of
the
yield
on
20
Ohio bonds is
unchanged today at
1.18%, as are the yields on 10
high grade bonds and on 10 lower
grade bonds at 1.02% and 1.34%,
respectively,
1946 to
Dated
may
bid
r.terest,
for
in
1,
Ohio
W.
a
Bidders
different
rate
of
a
multiple of Va of
A certified check for $100
each issue, payable to the Vil¬
lage, is required with bid.
)%.
c
\
Bund
^
*.ver
he
March
will
an¬
receive
noon
extension
series
exceeding
mortgage
bonds, at not
B
3%
interest.
Dated
1,
1945.
Denomination
Due
$10,000
Jan. and
$1,000.
July 15, 1946 to 1957, and $10,000
Jan.
15, 1958.
Said bonds are
callable
the
as
whole
a
inverse
or
order
mil
offered
for
sale
on
7—v.
161, p. 1365—were
arded to Fox, Reusch &
Co., of
Cincinnati,
as
l%s, at
a
price of
on
1955, and at
terest
if
or
of
in part
their
in
called
interest to
V4
of
1%.
lows:
in
multiples of
split in¬
bids for
of
delivery.
be made to the
not
St.
less
co
Delivery will
successful bidder
later than June $5, 1945, at
Marys.
These bonds will be issued
der
The
and accrued interest
authority
of
Article
un¬
XVIII,
for
awarded
to
issue
repair
sale
on
The
2s, at
as
of
1948.
A
May
State
2,
in
$5,000
1947,
rate4 of
Election
.
awarded
voters
of
accrued
to
Bond
Sale—The
bonds
the
day
be taken
rection
a
of
opinion
P.
sewer
awarded
bonds
at
is
dated
April 1, 1945.
1, as follows: $1,500 in
to
1952, $2,000 in 1953 to
1959, and $2,500 in 1960 and 1961.
Due April
1946
All
bonds
after
which
mature
and
on
April 1, 1951, shall be sub¬
numerical order
verse
April 1,
on
interest paying date
on
thereafter. Principal and interest
payable at the City Treasurer's of¬
fice.
No bid for less than par and
interest.
The approving
accrued
opinion of Teal, Winfree, McCulloch, Shuler & Kelley, of Port¬
land, will be furnished the pur¬
his
PENNSYLVANIA
the
Berks County Trust Co., of
Reading, at 0.375%. Dated May%
15, 1945. Denomination $50,000;
one for $25,000.
These notes are
due on Aug. 15, 1945,
;■ •:"
.
Upper Chichester Township (P. O.
Boothwyn), Pa.
'
;• Bond
lor 1%
of the bonds bid for, pay¬
to the Commissioner of the
to
the
First
National
Girardville, at
1944.
Treasury.
These
Bank
.
of
Dated Dec.
par.
bonds
due
are
1,
on
Dec. 1,' 1949.
(EWT),
noon
a
be
to
1%.
No
in
multiples of
bid for
accrued
on
less
interest.
than
certified
bonds
to
check
for
1%
of
the
semi-annual
Dated
are
Dec.
Henry
has
Offering
F.
Stemm,
announced
error
in
the
City
that
Auditor,
due
to
an
maturities, the $50,-
Erich, Okla.
^
Bond Sale Details—The $15,000
airport bonds offered for sale on
par,
a
net
p.
awarded
to
the
Co., of Oklahoma
1821—were sold at
interest cost of
about
1.23%, as follows: $2,000, matur¬
ing May 1, .1948, as Is, and $13,000
maturing May 1; $2,000 in 1949 to
1954, and $1,000 in 1955,.as IVas.
im¬
awarded
were
161,
to
E.
1594—
p.
H.
Rollins &
Sons, of Philadelphia, as l%s, at
a
price of 100.417, a basis of about
1.15%. Dated May 1, 1945.
De¬
nomination $1,000.
These bonds
are due
$4,000 on Nov. 1, in 1946
1955.
to
The next highest bidder
Singer, Deane & Scribner, for
was
1V4S, at
price of 100.127. # '
a
Carolina
bonds
Dec. 1, 1949 and
Director
until
will
10
the
of
A.M.
Bros-
sealed
(EWT),
purchase
bonds.
S.
Accounts
receive
of
on
15,
follows: $15,000
and
sealed bids until
May
B.
will
noon
Bates,
receive
(EWT)
for the purchase
22
000,000
State
coupon
of
on
$4,-
registered
or
Highway Certificates of In¬
Dated June
15, 1945.
Due $500,15, 1947 to 1954. Bidders
Denomination
000 June
$1,000.
are
invited to name the rate of
interest which the certificates are
to bear, in multiples of
Va of 1%
and must be the same for all of
the certificates bid for.
Principal
June
June
5
re¬
15,
due June
are
as
in
1946
1950, and $16,000 in 1951.
of
pose
to
Legal¬
ity approved by Burgwin, Scully
Churchill, of Pittsburgh.
Issued for the pur¬
the John P.
purchasing
Grace Memorial
S.
ton,
bids
$91,000
Dated
These bonds
&
Offering—Jeff
Treasurer,
in New York.
Offering—-Fred
Finance
for
Bond
State
interest payable at the State
Treasury, or at any State agency
Johnstown, Pa.
Bond
ius,
(P. O. Columbia),
and
Act
of
1945,
C.,
the
Bridge, Charles¬
authorized by an
as
General
approved
Assembly of
by the
Governor
Mar 15, 1945.
The certificates
will
be
awarded to the
bidder
on
offering to take them
est
late of.
less
than
est
to
interest, at
par
the
and
date
at the low¬
a
price not
accrued
of
inter¬
delivery.
As
between bidders
naming the same
rate
of interest,
the amount of
premium
will
determine
the
.
award.
The
enactment
at
any
time
prior to the delivery of the
certificates
of
indebtedness
of
eral obligation
funding bonds of¬ Federal
legislation-" which
in
fered for sale on
May 2—v. 161, terms, by the repeal or omission
of exemptions or
p.
1822—were awarded
to
otherwise, sub¬
the,
jects to a Federal income tax the
Union Trust
Co., of Pittsburgh, interest on
certificates of indebt¬
as
%s, at a price of 100.236, a edness of a class or
character
Bond
17
and
Small-Milburn
bonds.
•McKeesport, Pa.
OKLAHOMA
April
re¬
3J/2%
—
000 3% water works system bonds
will not be sold on May 5.
City—v. 161,
$10,000
1944. These
on
of
purchased
of
1945.
Cancelled
Co.,
1954.
funding
Bond
&
refunding
1,
due $5,000
be
Zanesville, Ohio
also
issue
an
Principal
sold, payable to the
Village Clerk.
Noyes
Philadelphia
cently,
Va
Village Treasurer. Enclose
The, $40,000
—
April: 23—v.
on
debtedness.
Hemphill,
par
interest payable at the office
Sale
provement bonds offered for sale
Bonds Sold—An issue of
$5,000
to
as
p.
S. C.
3V2% semi-annual judgment fund¬
ing bonds was awarded recently
bids until
161,
—v.
South
principal
registered
general
obligation
on April 26
1479—was awarded to
notes offered for sale
Girardville, Pa.
for
and interest at the request of the
owner.
Enclose a certified check
oonds
O.
SOUTH CAROLINA
Said
expense.
exchanged
(P.
chaser.
legality of the
procured' by the
be
may
temporary
on
Pratt & Co.
Issue
price
;
•
Note Sale—An issue of $175,000
the
be
may
purchaser
di¬
bond attorney whose
to
as
under the
of 100.90.
Reading), Pa.
$29,500
were
Co., of
a
bonds.
May 2 to Daugherty, Cole & Co.,
of Portland, as
2y2s, at a price of
100.0675, a basis of about 2.498%.
The next highest bidder was H.
a
accepted.
Bonds to be delivered to the buyer
t Toledo. All proceedings incident
to the proper authorization of this
M. M. Freeman &
was
Reading School District
and $30,bid for
be
ber
Hermiston, Ore.
»
may
interest
Dec.
on
$5,000 in 1946 to
Philadelphia for 3M>s, at
$30,000
water main reconstruction
revenue
in
issue
an
were
Co., Hemp¬
1, as fol¬
1954, and
$6,000 in 1955. The only other bid-
The
City Council is- said to be con¬
sidering an election to submit to
the
Stroud &
due
are
lows:
—
to
March 12
on
hill, Noyes & Co., both of Phila-*.
delphia, and Johnson & Johnson,
of Pittsburgh,
jointly, as 3V4S, at
par/ Dated Dec. 1,
1944.
These
-
Planned
1
Sale—The?-: $51,000 semi¬
judgment funding bonds
annual
bonds
Bond
cer¬
interest
delivery twill
of the
,
awarded to Johnson
was
offered for sale
,
1950, and
and
.
Olyphant, Pa.
of
Chemical Bank & Trust Co., New
York. No bids for less than par
and
•
Johnson, of Pittsburgh,
Bond
.
ject to call and redemption in in¬
of
-
Interest payable J-D.
was
multiple of Va of 1%.
Principal
and interest (J-D) payable at the
able
Bid
Co.",
as 3%s.
1, 1944. Denomination
$1,000, These bonds are due $5,000
on Dec.
1, in 1945 to 1959. Legality
approved by Saul, Ewing, Remick &
Harrison, of Philadelphia.
of¬
Bank
par.
Cearhart, Ore.
<"
,
on
Bidders
different
and
&
■
Dated Dec.
$7,000
bonds
OREGON
*
1, 1945. Denomina¬
Due June 1, as fol¬
$29,000
in
Rate
terest rates will be accepted.
bonds will not be sold for
par
15,
and
bonds
ma¬
Jan.
thereafter.
be
No
before
Sale—An
Rocky,
June
plus accrued in¬
par
of
fered
the bid.
noon
$1,000.
on
and
Bond
the
interest
system
revenue,
date
Sale—The $250,000 storm
bonds
to
and
that
bids until
than
Camden, Ohio
and the
none
(EWT) on
June 1 for the purchase of
$250,000 electric light and power
plant
,
March 26
&
382,
furniture
Toledo, Ohio
Offering — Rudy
Dated
of
>'■•<
.
Rocky Indep. School District, Okla.
cost.
Village Clerk, will receive sealed
George
Auditor,
has
—
$100,000
House and Senate recently.
This
bill will be presentd to the Gov¬
ernor for his signature.
Vermilion, Ohio
Offering
City
sealed
after
1945.
without
May 5
for the purchase of $5,000
sanitary
sewer bonds at not
exceeding 3%
interest. Dated May 1, 1945.
De¬
nomination
$1,000.
Due
$1,000
from Nov. 1, 1946 to 1950. Rate of
turity,
1955.
June
or
until
tion
Clark
Price
Int.
Rate
Co..
& Co.,
and Geo. O
'
Applegate, jointlyIOO.Mj
Halsey, Stuart & Co., Hemp•
'
hill,
Noyes
<fe
Co.andv\
authorizing the Oklahoma Col¬
lege for Women to issue self-li¬
quidating bonds to finance con¬
struction, has been passed by the
the
to
Bond Offering—Judson H. Posts
Jan. 15, 1946, or on any
$7,500 fire apparatus bonds. De- interest
payment date thereafter,
^ nomination $750.
Due $750 at par and accrued interest plus a
6n Oct. 1 in 1946 to 1955.
I premium of 2
%, of par if called
7,000 repaving bonds.
Denomin¬ on or before Jan.
15, 1950; plus a
ation $700.
Due $700 on Oct.
premium of 1 $2 % if called there¬
1 in
bidder
received.
y
St. Marys,
Bond
furnished
accompany
bonds
Ohio
held firm
Our
be
issue will
Co., Cincinnati, reported
nounced
a different rate
multiple of % of
an¬
nounced that the proposed sale on
ders may bid for
a
has
April 25—v. 161, p. 1821—of $12,600 fire apparatus bonds was can¬
celed.
The
bonds
will be
re-
Hale,
interest In
Auditor,
advertised for sale at
under
May 22 for
the purchase of $59,000 3%, side¬
walk improvement bonds.
000
Offering Canceled—Paul
City
Trustee
awarded
be
bids
Vil¬
Ironton, Ohio
1, 1951, $7,000
June and $8,000 Dec. 1, 1952,
$8,000 June and Dec.
1, 1953, $7,000
June and $8,000 Dec.
1, 1954, $8,000 June and Dec.
1, 1955, $7,000
June and $8,000 Dec. 1,
1956, $8,000 June and Dec.
1, 1957, $7,000
June and $8,000 Dec. 1,
1958, $8,000 June and Dec.
1, 1959, $7,000
June and $8,000 Dec.
1, 1960, $8,000 June and Dec.
1, 1961, $7,000
June and $8,000 Dec.
1, 1962, $8,000 June and Dec.
1, 1963, $7,000
June and $8,000 Dec.
1, 1964, and
$8,000 June and Dec. 1, 1965. Bid¬
of
Rhodes,
April 30, 1946.
Sutton,
the
Klein,
City Auditor, will receive sealed
a
on
be
must
1934—were sold privately
April 23. Dated May 1, 1945.
ie
7:30
on
will
for all
will
&
G.
-
plant
nue
tified check, payable to the
City,
of the bonds
F.
'
;
Legislature Passes College Reve¬
Bond Bill —House Bill
bonds, will
highest
by the City Audi¬
tor upon
approval by the City
Council.
The right is reserved to
reject any and all bids.
Except
as expressly
provided in the no¬
tice of sale, no conditional bids
p.
will
May 14 for the
purchase of $310,000 2% building
bonds.
Sale—R.
of these
with
Bond
Offering—L. M. Krumm,
Clerk, Board
issuance
and best bidder
lage Clerk, has announced that
the $24,000 3% semi-annual notes
scheduled for sale on May 7—v.
Bexley City School District, Ohio
first
mortgage securing said bonds
like
principal amount of 2%
be
Huron, Ohio
161,
2%
for, payable to the City Audi¬
Note
operating
expenses
outstanding $170,-
said
will
tor.
un¬
certified
a
for not less than 1%
Charles
printing the bonds. Each bid shall
to the City.
Such bonds will be
on May 22 for the purchase
sold for not less than the par
$190,000 building bonds, at not
value
thereof
and
accrued
in¬
3%
interest.
Dated
exceeding
terest.
The proceedings looking
May 1, 1945. Denomination $1,000.
to the issuance of said bonds have1
Due May 1, as follows: $5,000 in
been taken under the supervision
1948 to 1951, $10,000 in 1952 to
of Squire, Sanders &
Dempsey,
1959, and $15,000 in 1960 to 1965.
of
Cleveland, whose approving
The
District
will
furnish
the
opinion will be furnished to the
printed bonds and the approving
opinion of Dorsey, Colman, Bar¬ purchaser at the expense of the
Enclose a certified check
ker, Scott & Barber, of Minne¬ City.
bid
mainte¬
The City will also pay the cost of
a.m.
apolis, both without cost to the
purchaser. Delivery wil be made
of
successful
offer
of
i
upon
revenues ex¬
reasonable
and
bonds
responsible
Cunningham
v
United
States
Treasury
bonds
maturing in 1954.
The proceed¬
ings authorizing the issuance of
said bonds, including the Inden¬
ture
of Mortgage, will be pre¬
pared by Peck, Shaffer & Wil¬
liams, of Cincinnati, whose opin¬
ion approving the validity of said
upon
'
■;<■..
'
the
the lowest combined interest cost
11
the
deposit
a
'•
equipment
bonds
Phillips, Schmertz & Co;,
p,
>awarded'recently to the First Na¬
jointly'■"%/' '' 100.134
tional Bank, of Mangum—v.
Graham, Parsons & Co., A.
161,
Webster Dougherty
Co.
p.
1821—were sold at a price of
and John G. Hopkins &
100.05,
a
net
interest
cost
of
Co., jointly
100.045
1.07%, as follows: $10,000 matur¬ Blair & Co., Inc. and Glover
100.372
ing in 1948, as Is, $40,000 maturing "... & MacGregor, jointly—. - Ta
$10,000 in 1949 to 1952, as iy4s, Hew
Philadelphia School District
and $50,000
maturing $10,000 in
(P. O. Silver Creek), Pa.
-1953 to 1957, as Is.
Bond Sale—An issue of
$75,000
funding bonds offered for sale on
Oklahoma (State of)
mortgage bonds
1, 1940, and payable
revenues, for the pay¬
ment of which the City prior to
a
bid
be
issues
separately for each issue
both issues upon an "all
none"
Bond Offering—Marcus
Clerk' of the
000
Different
may
respective
for
District
will
interest
1%.
made
Wahpeton), N. D.
■
rates
of
K.
,
from
rate bids upon any one issue will
not be considered.
Bids may be
DAKOTA
School
V4 of
the
National Bank & Trust Co.,
,
rate
interest
&
Rensselaer
lien
*
Bond Sale Details—The
power
■."'
'
Bidder—
S.
'
properties and
nance
April 1, 1945. Denomina¬
Bidders may bid for
are
Dolphin
Mangum, Okla.
.
a
first
payable M-N. These
r
prop¬
thereof and the
the
multiple of
Bid
.80%
Bank, N. Y.
of the
of the system
dated March
tion $1,000.
a
different
Rate
Bronx
all
exclusive
an
cepting
1950.
Dated
Price
Int.
Bidders—
National
be
said
1950.
to
upon
revenues
to
franchise stating the
which, in case of fore¬
closure, the purchaser may operate
said system, which mortgage will
15,000 park improvement bonds.
Due $3,000 on Oct. 1 in 1946
follows:
as
1948.
to
satisfactory
Monday, May 7, 194
■
the bonds that carried at the elec¬
tion held on March 28.
terms upon
$25,000 street improvement bonds.
Due $5,000 on Oct. 1 in 1946
*:■'
bank
erties and
including
Interest
by mortgage, to
purchaser
follows:
as
Trustee
a
on
noon
12, of the Ohio Constitu¬
tion and secured
May 14 for the
purchase of 4% bonds amounting
to $40,000.
These bonds are de¬
$45,500
awarded
April 26 to the Manufacturers Na¬
tional Bank, of Troy, as 3As—v.
161, p. 1934—were sold at a price
of 10d.051, a basis of .725%. Dated
May 1, 1945. One bond for $500,
others $1,000. These bonds are due
on
Nov, 1, as follows: $10,500 in
1945, $12,000 in 1946 and 1947, and
$11,000
1,
Offering—William Glass,
City Auditor, will receive sealed
Rensselaer, N. Y.
improvement
Section
Dated
Bond
"
'
1.32%.
Campbell, Ohio
April 16.
on
of
1945.
Denomination
These
bonds
are
due
$1,000 on Dec. 15, 1946 to 1970,
inclusive.
-
Orangeburg, N. Y.
Bonds
basis
a
■
2050
Sale —The
$400,000 gen¬
.
basis of about 0.705%. DatedMay
which
1,
of
1945.
These
on
Denomination
bonds
are
due
$1,000.
$40,000
on
May 1, 1946 to 1955. Other bids:
includes
these
certificates
indebtedness, will, at the
tion of the;
elec¬
purchaser, relieve
purchaser from his obligation
der
the
terms
of
the
the
un¬
contract
of
Volume
the return of the amount deposit¬
Purchasers will
ed with the bid.
& Washburn, of New
York, that the certificates are
valid
obligations of the State.
Such opinion to be paid for by
the purchaser.
Delivery in Co¬
lumbia or New York, at the op¬
the
of
Davidson
certified
a
1%
of
payable
for,
to
the
State Treasurer.
DAKOTA
SOUTH
i
Gary, S. D.
000 rest house nad jail
voted
April 17.
at
»favorably
held
on
of $3,-
issue
Voted—An
Bonds
bonds
was
election
an
Howard, S. D.
voter's
the
received
purchase
site
airport
of $8,-
issue
Voted—An
Bonds
000
bonds
approval
at
election held on April 17.
the
TENNESSEE
Lenoir
City, Tenn.
City
Smith,
H.
Call—S.
Bond
Treasurer, has announced that se¬
electric system revenue re¬
bonds, Nos. 140 to 172
called for payment on June 1.
ries A,
funding
are
1, 1943. Denomina¬
Dec.
Issued
tion $1,000.
V
recently to
a
p.
Co., of San Antonio—v.
1822—are described as fol¬
lows:
the
for
check
bid
amount
161,
Enclose
purchaser.
$2,394,-
syndicate headed by the Ranson-
:eea, Hoyt
tion
awarded
bonds
000
with the opinion of
furnished
e
Bond Sale Details—The
Said bonds will be redeemed at
Chase
Crane, Texas
Brownsville, Texas
entitle the purchaser to
and
sale
THE COMMERCIAL & FINANCIAL CHRONICLE
-Number 4383
161
$1,700,000 2%% Refunding, Series
1945 bonds. Due $28,000 Oct.
1, 1945, $28,000 April and $29,_
000 Oct. 1, 1946, $29,000 April
and $30,000 Oct. 1, 1947, $30,000 April and $31,000 Oct. 1,
1948, $31,000 April and Oct.
1, 1949, $32,000 April and Oct.
1, 1950, $33,000 April and Oct.
1,
1951,
$33,000 April and
$34,000 Oct. 1, 1952, $35,000
April and Oct. 1, 1953, $35,000
April and $36,000 Oct. 1, 1954,
$37,000 April and Oct. 1, 1955,
$37,000 April and $38,000 Oct.
1, 1956, $39,000 April and Oct.
1, 1957, $39,000 April and $40,000 Oct. 1, 1958, $41,000 April
and Oct. 1, 1959, $42,000 April
and Oct. 1, 1960, $43,000 April
and $44,000 Oct. 1, 1961, $44,000 April and $45,000 Oct. 1,
1962, $45,000 April and $46,000 Oct. 1, 1963, $47,000 April
and Oct. 1, 1964, $48,000 April
and Oct. 1, 1965, $50,000 April
and $49,000 Oct. 1, 1966, and
$51,000 April and $16,000 Oct.
1, 1967, Bonds maturing from
;;
Oct. 1, 1945 to April 1, 1950,
are non-optional; bonds ma¬
turing Oct. 1, 1950 to 1967,
are optional as follows: From
April 1, 1950 to Oct. T, 1951,
at 104; April 1, 1952 to Oct. 1,
1953, at 103.50; April 1, 1954
to Oct. 1, 1954, at 103.00; April
1, 1955 to Oct. 1, 1955, at
102.50; April 1, 1956 to Oct.
1, 1956, at 102.00; April 1,
1957 to Oct. 1, 1957, at 101.50;
April 1, 1958 to Oct. 1, 1958, at
101.00; April 1, 1959 to Oct.
1, 1959, at 100.50, and from
April 1, 1960 and thereafter
Bond
Offering—A.
Write,
Superintendent of Utilities, calls
for sealed bids until May 15 for
the following bonds (sewer sys¬
tem), amounting to $70,000: $55,000 revenue bonds,
and $15,000
general obligation bonds.
Due
serially in 20 years.
Bidders are
to
the
name
rate
of
Eastland Free School
Purchased
to
rate of
name
interest.
It
the call premium upon surrender
with all unmatured interest cou¬
pons
Bank
attached, at the Chemical
& Trust Co., New York City,
Bank,
National
Hamilton
the
or
Knoxville. Interest ceases on date
called.
V-A,'
■
A.
:/.'':,
O. Decatur),
Meigs County (P.
Tenn.
'
i
>
Sale
Bond
—
"
issue
An
000 school bonds was
$60,-
sold recently
Co., of Nash¬
M. Bass &
Jack
to
of
ville, at par. These bonds are due
$5,000 Dec. 1, 1950 to 1961.
at par.
reported that Barcus,
Co., of Austin, and
the Robert Mclntyre Co., of San
Kindred
&
Antonio,
had
contracted
1945
Call
The
—
city,
acting
through the Board of Light, Gas
and Water Commissioners, is call¬
electric plant
1, 1950 to Oct. 1, 1951,
at
103.00; April 1, 1952 to Oct. 1,
general liability bonds, represent¬
of those outstanding 'and
from June 1, 1950 to
all
ing
1953, at 102.50; April 1, 1954
1, 1955, at 102.00; April
1, 1956 to Oct. 1, 1957, at
101.50; April 1, 1958 to Oct. 1,
1958, at 101.00; April 1, 1959
to Oct. 1, 1959, at 100.50, and
from April 1, 1960 and there¬
maturing
1961
to Oct.
inclusive.
Said bonds will be redeemed at
.
the price of
103% of the principal
thereof, together with all
interest accrued and unpaid there¬
amount
on
to June
ed
are
on
June
1, 1945. The bonds call¬
part of an ordinance passed
6, 1939.
t
Bank-
National
of
Commerce,
Memphis, or at the City Comptrol¬
ler's office, on presentation and
bonds
said
of
surrender
accom¬
panied by all appurtenant cou¬
pons maturing after June 1, 1945.
All registered bonds called should
be accompanied by duly executed
instruments
of
assignment
in
blank.
Interest coupons maturing
1, 1945, appurtenant to the
bonds called, will be paid in the
June
Interest ceases on
usual manner.
"v
date called.
after, at par.
194,000 21/4%
■
TEXAS
bonds.
these
Harris
Texas
:
! Bond Call
—
Bond
burn,
Offering—H.
County
Clerk, has announced that the Se¬
1941 Refunding bonds Nos.
ries
282, 284 to 304, 306 to 359, 361 to
.390, 392 to 415, and 420 to 552, ag¬
gregating $204,750, are called for
payment on June 1. Dated June 1,
1941.
Said
should be
bonds
pre¬
payment to the Ameri¬
can
National Bank, Austin, with
all
interest
coupons
maturing
after
redemption date attached.
law;
credit and
and
the
all
City's
real
and
personal property in said City are
pledged for the performance-of
all acts required for the prompt
payment of principal and interest
on said bonds. Legality approved
ceases
$15,000 from May 15, 1946 to 1955.
Bidders
date called.
on
Tenders
Downie,
as
'
■
■:
t-
Bond Issuance Not Scheduled—
The
were
$100,000
airport
bonds
that
on
Dec. 5, 1944, have not
been scheduled for sale as yet, ac¬
cording to the City Clerk.
in
the
name
of
rate
application
Bids
scribed form.
in¬
to
check
must be on pre¬
Legality approved
of the par value of
for 2%
a
result of the call
on
Ship Chan¬
District (P. O.
Harris County, Houston
nel Navigation
Monagans, Texas
Bond Sale—The $283,000 bonds
.
series
works and
of
sewer
funding bonds.
1941,
water
revenue
re¬
to
&
Co., of
recently were
N. Edwards
sale
for
offered
awarded
William
Fort Worth, at par, as
Due June 2, 1967.
1937.
Winkler County (P.
Texas
O. Kermit),
construction
was
sold
mit
State
bonds
offered
April 24 to the Ker¬
on
These
Bank.
authorized
the
at
the
are
election
April 21.
on
WASHINGTON
Olympia (P. O. Olympia),
Wash.
Offering
Bond
Bond
—
Commissioners,
bids until 2
sealed
the
for
Wendell Mcwill
p.m.
the
purchase of $300,000 school
building and improvement bonds,
mentioned in our issue of April
30—v.
161,
purchase
of $100,000
together with interest and
outstanding bonds, be met by an
equal annual tax levy for the pay¬
bonds
of said
and interest;
the Port reserves
that,
VIRGINIA
Charleston, W. Va.
Waives
Board
Right
—
right to call and pay in nu¬
all outstand¬
bonds of this series on any
interest paying date in advance
of maturity, more than two years
Purchase
Bond
The city was notified on
April 26 by the Board of Public
Works that it had waived its right
worth
buy $330,000
city bonds.
1 xk %
of
The bond issues included $150,-
for
000
playgrounds, $150,000 for
Virginia Street bridge and
$30,000 for Summers Street im¬
provements.
I.
State law provides that all mu¬
the
the
to
Public
of
Board
before
be of¬
must
issues
bond
fered
they
on^
put
are
sale to the public.
v
1
W. Va.
Moundsville,
Bond
May
at not exceeding
Dated July 1, 1945.
Provided
1936.
p.
WEST
receive
on
May
by the District Clerk, at the
office of the County Treasurer, for
14,
Works
bonds,
general
the
par.
Offering—Sealed bids will
President of the Board
Croskey,
ment
bidder
at
be received until 1.30 p.m. on
nicipal
Port of
18
the
bonds
Colfax Sch. Dist.
to
Bond Sale—An issue of $700,000
Offering Pending—Finan¬
technicalities
having, been
cial
cleared, Mayor Wilbert Miner has
$200,000 bond
announced that the
issue
of
construction
for
a
new
city building and expansion of fire
fighting facilities is ready for ad¬
vertising prior to being voted
upon at the June 5 general elec¬
tion.
He said the
bonds, if approved
by the voters, would be retired in
10 years, and that the additional
levies
would
be
approximately
cents per $100
seven
valuation on
Class I property, 14 cents per $100
Class II and 28 cents per $100
in
Class IV.
in
ing
after
ders
'
W. Va.
Wheeling,
City has called
Bond Call—The
the
are
506
Whatcom County Sch. Dist. No.
Offering—Orland Ivarson,
Bond
County Treasurer, has
that
until
10
a.m.
May 21
on
bids
1, 1945. Denomina¬
est. Dated May
$1,000. Due May 1, as follows:
$3,000 in 1947 to 1950, $4,000 in
tion
1951
to
.1962,
The
1965.
to
and $5,000 in 1963
School District re¬
the right to redeem any or
of
the unmatured and out¬
serves
all
bonds of said issue at
interest payment date,
inverse numerical order, on and
standing
par, on any
in
tension
Nov.
revenue
Due
bond.
35,000 municipal building bonds.
Due May 1, 1956 to 1969.
32,000 sewer improvement bonds.
Due May 1, 1957 to 1969.
Due
,
5,000
May
1,
1957 to
park bonds.
1960
....
airport
municipal
11,000
to
bonds.
1967.
Due May
1,
1969.-
Dated
Nov.
Bond
Palestine, Texas
Call—J.
G.
Hardgrave,
1,
1944.
Secretary,
has announced
that the following water revenue
bonds amounting to $75,000, being
of
for
remaining outstanding bonds
issue of $85,000, are called
an
payment
on
June
paper,
cailed
on
the official
in
and interest on any bond so
for redemption shall cease
such call date.
1,
at
the
has by Re¬
of Directors
Said School District
solution of its Board
and by
there¬
required by law,
vote of the electors
in, in the manner
irrevocably pledged itself to make
annual
levies
of taxes without
limitation
City
the
redemption by publica¬
county news¬
intended
tion
1, 1945 to 1964.
in said
taxation
upon
School
in
an
all the
property
District subject to
amount sufficient
the interest and principal
of said bonds as'the same shall ac¬
crue.
Principal and interest pay¬
able at the County Treasurer's of¬
fice. Bidders are required to sub¬
mit a bid specifying either (a)
to
pay
Manitoba (Province
for the
purchase of $75,000 building bonds
at a rate not exceeding 4% inter¬
,
MANITOBA
announced
sealed
receive
will
he
.
CANADA
(P. O. Bellingham), Wash.
follows:
after 5 years from date of issue,
$175,000 water works and sewer
by giving 30 days' notice of such
system improvement and ex¬
3s, and are described as
April 25
bonds.
4,800.00
Whitman County,
Security State Bank, Pecos. Dated
Dec. 1,
of
which
purchase said
for redemption on July 1, 2lk%
date of issuance. Bid¬
improvement
bonds
required to submit a bid general
Chairman of the Board of Com¬
amounting to $229,000, numbered
specifying: (a) the lowest rate of
missioners,
will
receive sealed interest and premium, if any, as follows: 196 to 222, 256 to 260,
bids
until
11
A.M.
(CWT), on above par, at which such bidder 266 to 270, 280 to 284, 505 to 519,
May 10, for the purchase of $1,- will purchase said bonds; or, (b) 540, 575 to 577, 695 to 726, 732 to
500,000 series A, issue of 1945, the lowest rate of interest at 745, 778 to 782, 803 to 807, 887 to
improvement bonds.
Dated May which the bidder will purchase 891, 897 to 906, 1061 to 1063, 1087
15, 1945.
Due $75,000 from May said bonds at par. Principal and to 1139, 1150 to 1160, and 1171 to
'•
15, 1946 to 1965. Bidders to name interest
payable
at the
fiscal 1200, all inclusive.
All bonds should be surrend¬
the rate of interest in a multiple agency of the State in New York
ered at one of the places of pay¬
of one-eighth or one-tenth of 1%, City. Enclose a certified check for
ment designated therein.
'V ■'
and must be the same for all of 5%.
Houston), Texas
Offering—J. Virgil Scott,
Bond
purchase of the following
bonds, were rejected:
$4,057.35 series of 1941, refunding
2y2%
merical order any or
the bonds bid for.
W.
Secretary, has an¬
improve¬
improvement
the will,
by Vandewater, Sykes & Heckler,
of New York.
Enclose a certified
«
Rejected—George
City
district
a
upon
for the
favorably voted at the elec¬
tion held
to
County.
of Dallas.
Cisco, Texas
Walker,
water
multiple of one-eighth 5% interest.
or one-tenth of 1%, and must be
Denomination $1,000. Bonds to run
same for all of the bonds.
No bid for a period of 20 years. The vari¬
for iess than par and accrued in¬ ous annual maturities of said bonds
terest to date of delivery will be will commence with the second
considered.
Circular fully
de¬ year after the date of issue of the
scribing said issue and containing bonds and will (as nearly as prac¬
blank form of bid will be fur¬ ticable)
be in such amounts as
terest
York, and John D. McCall,
nounced that all tenders received
Brenham, Texas
Dated May 15, 1945.
bonds.
sented for
Interest
for the purchase of
series
B,
1945,
road
Due
$150,000,
by Vandewater, Sykes & Heckler,
of New
that
funding bonds, Nos. 1, 2, and 5 to
16, to the amount of $7,000, are
called for payment on June 2, at
the office of its paying agent, the
(CWT),
May 10
on
bonds bid for.
by
announced
.receive
11:30
until
bids
sealed
an¬
will
he
that
nounced
has
at
(P. O. Colfax), Wash.
O.
Call —Wm.
Bond
Wash¬
L.
Auditor,
(b) the lowest rate
or
interest
called.
Texas
ity systems and in addition there¬
to
constitute general obligations
of th City payable from ad valo¬
rem
taxes
within
the
limits
faith
Susan Board, City
April
1955, op¬
-Interest
Secretary Board of Directors, has
held
County (P. O. Houston),
1946 to
1,
1945.
date
on
bonds
$58,000 Oct. 1, 1972, and
the bonds.
No bid for less than
$59,000 April and $50,000 Oct.
par and accrued interest to date
1, 1973. Optional in inverse-j
of
delivery will be considered.
order of maturity on April 1,
Circular fully describing said is¬
1946 to 1949.
sue and containing blank form of
Dated April 1, 1945. Denomina¬
bid will be furnished upon appli¬
tion $1,000. Principal and interest
cation to
the above Chairman.
payable at the State Treasurer's Bids must be on prescribed form.
office. In the opinion of counsel
Legality
approved
by
Vande¬
these bonds are secured by an ir¬
water, Sykes & Heckler, of New
revocable pledge of not less than
York.
Enclose a certified check
$120,000 annually out of the net for 2% of the par value of the
revenues of the City's several util¬
and
prescribed
Borger,
Refunding, Series
.1945 bonds. Due $27,000
Payable at the Chemical Bank
& Trust Co., New York, or at the
Series
$35,000 Oct.
$56,000 April and Oct. 1,1971,
and $31,000 April 1, 1972. Op¬
tional as follows: From April
ing for payment on June 1, 1945,
$4,770,000 series A
Due
1, 1967, $52,000 April and $53,000 Oct. 1, 1968, $53,000 April
and $54,000 Oct. 1, 1969, $55,000 April and Oct.
1, 1970,
Memphis, Tenn.
Bond
Refunding,
bonds.
buy
to
1,
June
County Water Improvement
road
and
approved
by Preston,
Thorgrimson, Turner, Horowitz &
Stephan, of Seattle. Enclose a cer¬
Texas
previously
nished
500,000 2 l/z %
was
bonds;
will
Dist. No. 2 (P. O. Grand Falls),
ment
said
interest
above par, at
bidder will purchase
any,
tified check for 5% of bid.
June
Ward
Gillespi County (P. O. Fredericksburg), Texas
Bond Offering—Henry Hirsch,
County Judge, will receive sealed
bids until May 15 for the purchase
of $95,000 airport bonds, matur¬
ing serially in 20 years.
Bidders
1
the principal amount thereof with
interest to date of redemption and
Tan¬
City Manager, has announced
that the City has purchased $9,550.00 bonds at 95.75, as a result
of the call for tenders on April 30,
for the series of Aug. 1, 1941, re¬
funding bonds.
2y4%, dated June
1941.
tional
ner,
said
of
rate
if
Legality
Nos. 71 to 85,
ceases
B.
70, 2%%, dated June
1, 1940.
Due
lowest
premium,
of
Nos. 61 to
1,
the
which
2y4%, dated June
1, 1940.
Incorporation,
K.
Capital National
Nos. 11 to 60,
interest.
—
Bank, New York
the
at
or
Bank, Austin:
Texas
Bonds
National
City,
N.
2051
of),'
S.—Sale in the
market,
late in
Sells Issue in U.
States
United
April, of $2,386,000 2% refunding
bonds, due May 1, 1949, and pay¬
able
in
U.
S. funds,
was
an¬
Stuart Gar-
nounced by Premier
The
son.
received
province
a
price of 99.275, making a net cost
of 2.19%, a record low for com¬
financing
parable
American
Proceeds
or
were
in
either the
Canadian
used in
market.
the
re¬
demption of $2,583,000 4!<£s due
May 1, 1945, and payable in U.
S. or Canadian funds.
Payment
of
the maturity
in cash would
have cost the province an addi¬
tional
11%
$262,460,
because
of
the
current premium on U. S.
To avoid this charge, and
funds.
the
in
belief
that
the
existing
premium or some part of it will
disappear
after
the
war,
the
province decided on the refund¬
ing issue.
Sale f of the issue was
negotiated bv & group of Cana¬
dian
and
American
investment
bankers comprising
Wood, Gundy
Inc., Dominion Securities
A. E. Ames & Co., Inc.,
McLeod, Young, Weir & Co., Inc.,
Harriman Ripley & Co., Inc., First
&
Co.,
Corp.,
Boston
Co.
Corp.
and Smith Barney
THE COMMERCIAL & FINANCIAL
2052
CHRONICLE
Monday, May 7, 1945
1
v"
v.
•
•-•V-,
A
job for seasoned executives—this 7th War
Loan!
Especially when we've got to make 2
loans total just about as much
Putting this
over
as
means
every
marshaling
payday—from
share toward the
I-..."
all 3 in 1944!
men
of Ameri¬
industry.
This
war
demands the combined and
continued efforts of the "No. 1''
can
v
your
plant drive to make
'til June 30th—do
now
of the 7th.
success
the drive is not enough. It's
to check to
carried
For
'\*r.
1
see
Directing
equally important
that your directions
are
being
out—intelligently!
example, has
every employee had:
Y*i
h
an
its
opportunity to
••
r:-y-.v
see
the
new
■
\
■
i,./V./(.
Treasury film,
"Mr. and Mrs. America"?
2
a
copy
of "How To Get There," the new Finance
Division booklet?
3
Remember, meeting—and beating—-your
a new
highest-yet 7th War Loan quota is
bond-holding envelope with explanation
of its convenience?
4
5
7th War Loan
posters prominently
in his or her department?
a
task call¬
ing for "No. 1" executive ability. Your full
displayed
information
on the department
quota—and an
urgent personal solicitation to do his or her
share?
cooperation is needed to make
in the 7th! Do not
hesitate to ask
showing
your
local
War Finance Chairman for
any desired aid.
It will be
The Treasury Department
fine
a
gladly and promptly given.
acknowledges with appreciation the publication of this
message
by
THE COMMERCIAL AND FINANCIAL CHRONICLE
If you
haven't a copy of Ihii important '
booklet, "7th War Loan Company Quotas,"
flet in touch
immediately with
War Finance Chairman.
★
This is
an
your
local
-
J
official U. S, Treasury advertisement prepared under the
auspices of Treasury Department and War Advertising Council
★
YYY
V-
i
;Y:.' m
•i
1
•
Y
@FedFRASER