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WAY 9
ADM*
lUft.
1944
MONDAY
LIBRARY
\al
ommetcial
Reg. U
Volume
New
Number 4279
159
General
RAILROAD
with a group of
Fed.
5-year notes to refund the out¬
standing obligations.—V. 159, p. 1545.
;
and
of
$2,718,897
2,683,427
1,544,638
profit—.—$1,202,685
foreign
$1,285,154
887,331
$1,174,259
957,106
$1.26
$1.45
$1.38
and
inc.
1942
excess
of
no.
net
Earnings
•
shares—
common
share
per
—...
After depreciation,
they
In a special letter to stockholders
further advised that the divestment
were
dated April 30, 1943,
by Federal of its in¬
considered
; Directors
most
New York
Stock Exchange
Stock
Stock
Boston
(Bonds)—
Detroit Stock
Statement of
Income, Years Ended Dec. 31
Operating
■
revenues
•Federal,income taxes
State
income
....—-—
Exchange..
Exchange..
Net earnings
income
——
(net)...
:
$360,601
2,184
—
——
—
$350,081
;
.
.
Net^ncome
•No
excess
it-:
,
fund accounts,
at cost, $100,000;
U. S.
Treasury tax savings notes and series F war savings bonds,
$260,409; accounts and notes receivable (less reserve for uncollectible
accounts
and
notes
of
$7J86),
$77,636;
accrued utility revenues,
$21,642; materials and supplies, priced at average cost, $63,377; pre¬
paid taxes, insurance, etc., $19,515; deferred charges, $193,184; total,
$206,463; cash, $261,262; U. S. Government securities,
tomers'
advances
$54,274;
reserve
for
construction
($42,660.58)
and unearned
Auction Sales—
reserve
Aviation,
Inc.—Secondary
.
•
-
Institute,
Bronx,
N.
Y.
the Mutual Life Insurance Co.
The loan, arranged by John J. Reynolds, covers the
property at Walton Avenue and 164th Street, Bronx,
which is owned by the Christian Brothers.
000 has been placed with
Allied Chemical & Dye Corp.—Sales
Sales in
H.
F.
p.
the first quarter of
Higher—
1944 were slightly ahead of a year ago,
announced at the annual meeting.—V.
1137.
Atherton, President,
:
pany,
corporation
40 Wall St., New York, N. Y.—V. 159, p. 1345,
Net
profit
Net
the peak of its unfilled orders
for
revenue
ord
on
April
25
the, common stock,
May 24.
Sept.
—V.
directors
on
A
1 and Dec.
declared
par
$1
dividend
of
12'/2
acts
159, p. 1241.
common
per
rec¬
on
account
$24
to
per
share.—V.
159.
Calls—
between
the
United States and
,
before
Other
Total
gen.
Gross
1942
2,502,366
$1,562,499
$2.04
ended
Net
$1.94
1246.
ago.—V.
Net
from
Net
ry.
1,077,989
161,801
395,994
$2,499,701
$1,598,496
—V.
$1,846,834
286,299
443,025
4,029
*U.
No
S.
normal
$856,277
$563,743
$787,464
$0.62
$0.33
$0.56
tComputed at the
effect
of
is
given
between
in
the
tax
provisionally
rate of 42%
the consolidated
Note—No
at
the
rate
of
statement of
income
to
449,315
266,591
298,190
222,617
244,691
146,466
184,912
Gas
& Electric
Corp.' report for the week
1—
1943
1942
1941
$698,505
$424,914
$381,478
139,656
24,737
291,810
78,384
72.363*
90,199
13,792
12,782
1
-
1,885,261
1,894,125
1,191,119
1,069,070
...
397,984
670,846
202,295
182,473
income.:.-
85,641
247,020
20,862
17,228
railway
railway
159, p. 1346.
"
Atlanta & West Point
from
Gross
from
Net
Gross
from
from
Net
ry.
—V.
1941
$200,817
102,177
61,855
32,038
45,082
24,855
22,249
1,266,194
756,563
552,433
523,232
581,188
222,088
149,279
92,839
124,477
65,763
44,881
1—
railway
railway
oper,
159, p.
1942
$287,747
215.737
1,359,097
income...
1943
$462,701
191,799
railway
railway
Jan.
RR.—Earnings-
1944
$461,374
.
oper.
income
1346.
Aviation Corp. (Del.)—To Make Household Appliances
the
1
provision has been made or is believed to be required
profits tax.—V. 159, p. 1033.
715 937
consolidated companies.
company's equities in the result of operations
but more than 50% owned and dividends
subsidiaries, less than 80%
(if any) received therefrom.
excess
for
computed
67,968
773,647
$662,312
—
income...
oper.
Net
on
income
61,080
1,056,530
1944
Net ry.
$0.28
share
112,003
1,149,305
1754.
.769,042
2,640
$257,740
108,167
107,129
net electric output of the Associated Gas &
137,941,953 units (kwh).
This is an increase of
8.0% above production of 127,728,765 units a year
March—
3,013
1941
$283,959
1944,
railway
from
Net
*388,106
'
420,687
railway
Jan.
1941
t547,032
p,
oper.
$1,450,840
/
1942
196,816
income—
28,
from
from
1942
644,008
1943
$413,447
75,797
March—
Gross
$1,436,695
stock
1933.
Atlanta Birmingham & Coast RR.—Earnings-
Gross
$447,351
per
common
on
composite rate of 65%
1442.
159,
1943
650,352,
'1944
railway
p.
.April
From
(& Subs.)—Earnings—
2,119
profit
Earnings
158, p.
145,557
Group was
10,213,188 units or
and
depreciation
122,972
res..
1943.—V.
trustees of Associated
The
income
conting.
1941
$27,358
income.
1—
oper.
159,
$1,421,713
interest
for
profits taxes at the
$402,200
railway....
From
Prov.
for
'
Electric
$1,632,365
t307,534
1942
1943
Associated Gas & Electric Co.—Weekly Output—
$1.92
p.
56.8%
Jan.
ry.
$4,064,865
for
excess
railway
from
from
—V.
1943
699,061
etc.
exp.,
foreign
Electric Co., Inc.—Output
1944
railway..
$1,579,042
income
&
&
&
$56,790
oper. income.
From
1—1904
$6,887,081
5,254,716
made
and
.
from
250,442
income
.
,
1754.
p.
March—
1944
charges
159,
and
$1,328,600
3 Mos. End. Mar. 31—•
,
of the electric properties of this company for the
April 29, 1944 totaled 84.208,000 kwh., an increase of
the output of 73,098,000 kwh for the corresponding week
income
1944
Net ry.
$1,553,185
159,
.
$54,134
$141,587
depreciation, interest and estimated Federal taxes
Net from
1944
been
radio-telephone service with Bermuda, important
government, calls may now be completed.—V. 159,
on
as
report for the first three months of 1944 provides for estimated
Gross
—
share
has
1943.—V.
of
Profit
differences
cents
disbursed on March 1, last, and on
the first payments on the stock since 1941.
like amount was
1, 1943,
a
payable June 1 to holders of
share
amounted
radio-telephone calls
on
—
Net ry.
American Forging & Socket Co.—12V2-Cent Dividend
The
share
preferred stock, payable
last payment on this issue
disbursed in January, 1940. Ar¬
Akron-Canton & Youngstown Ry.—Earnings—
Class I
all other
charges, including income and excess profits taxes.
Provision for
income and excess profits taxes for the 12 months ended March 31,
1944, has been made on the basis of the rates fixed by the applicable
55%,.
share
for
before
.
per
Note—Deduction
taxes
except
The
$7,110,955
5,557,770
31—
operations
excess
profit
Earnings
Minority
has passed
per
first
The
—1906
...
profits taxes
Prov. for inc. and exc. prof, taxes.
American Brake Shoe Co.—Peak Soon Near—
company
from
and
inc.
Fed,
The
20,
Telephone & Telegraph Co.—Lifts Restric¬
well
as
1943.—V.
Federal
Glass Corp. (& Subs.)—Earnings-
Anchor Hocking
Adm.
specific war items that may be sought, William B. Given, Jr., Presi¬
dent, predicted at the annual meeting held on April 25.
This would
indicate, he said, that the rising trend of production was nearing an
end.
However, he pointed out that production currently was consistent
with the volume of last year.—V. 159, p. 1753.
\
dividend of $1
output
♦After
1905
American Metal Co., Ltd.
has
per
1944,
1,
3 Mos. End. Mar. 31—
159,
called for redemption as of July 1, 1944, a
total of 660 shares of its outstanding 7% preferred stock at 110 and
dividends.
Payment will be made at the Bank of the Manhattan Com¬
The
$1.50
Jan,
May
Bahamas and Trinidad
over
Net
.
American Bemberg Corp.—Calls 660 Preferred Shares
at
ended
Net
12 Mos. Eided March
Hallows
the Vice-President.
to
Corp.—$1 Preferred Dividend
a
cumulative
$6
record
A
♦Profit
...
...
Fairchild's Retail Price Index at April
-
City—Mortgage
Loan Placed—A first mortgage 3% 20-year loan of $365,All
1442.
American Writing Paper Corp.—Earnings—
_._1905
Feb. Dept. Store Sales in N. Y. District..—1905
Federal Reserve Business Indexes (Feb.)—1904
Offering—
..
on
Power
.....
Permits...
(Jan.)
February Hotel Sales
on
545.
of
of
quarterly
15.20%
Of
Railways
April 25 offered 12,000 shares of
common
stock as a secondary distribution at $6.50 a
share.
Dealer's concession .30 cents a share.—V. 159,
p.
159, p.
1900
Income and Balance Sheet Items for
total, $8,038,757.—V. 158, p.'2037.
American
holders
as
declared
the
on
1754.
week
Averages.————1879
1900
Building
February
depreciation of electric properties, $1,179,417; property reserves,
$1,192,531; miscellaneous reserve, $1,434; contributions in aid of con¬
struction, $6,988; donated surplus, $531,200; earned surplus, $146,065;
All
Vice-President.—V.
appointed Assistant
American Water Works
1900
System
Reserve
Stock and Bond
for
Blyth & Co., Inc.,
a
business,
Transactions N. Y. Stock
revenue,
water properties, $374,247;
ac¬
•
restrictions remain
...1900
Exchange.—_—1879
Transactions N. Y. Curb Exchange.—.—1879
Federal
(6,000
for retirements of
to
Restrictions
Condition Statement of Member Banks of
stock (10.598 no par shares),
shares, no par), $600,000; long-term
debt, $2,704,000; accounts payable, $25,518; customers' deposits and
accrued interest thereon, $29,825; accrued general taxes, $19,673; ac¬
crued Federal and State income taxes, $81,725; accrued interest on
long-term debt, $33,738;
accrued miscellaneous items, $14,522; cus¬
stock
to
1346.
p.
Combined Condition Statement of Federal
preferred
cumulative
common
a
Superpower
American
.1896
The Course of Bank Clearings.....
Reserve Banks..—
Liabilities—$6
Co.
Bahamas, Jamaica and Trinidad have been lifted and it is now
possible to make social and business calls, according to announcements
by the British Colonial Government of these countries,
While some
Foreign Exchange Rates
$8,038,757.
$1,043,600;
1
tions
-
and City
State
and
investment
He
company.
Insurance
..1894
Corporation and Investment News.1857
Bond Offerings and Sales. .1907
Redemption Calls & Sinking Fund Notices.1897
Dividends Declared and Payable——.—1897
Sheet, Dec. 81, 1943
$6,835,269;
plant,
Rose has been
directors have
rearages
p.
General
Assets—Utility
of this
Excess
157, p. 436,
Screw Co.—New Vice-President—
accumulations
was
Miscellaneous Features
profits payable.
Balance
Co.—New Vice-President—
the
$713,072
$194,729
....
amount thereof is
subsidiaries for the
the
such
of
159, p. 1242.
158, p. 452..
June
181,645.
168,056
but
results
Vice-President
named
Roddy has been elected
The
of
Exchange..—......
..1892
Section..—1894
Over-the-Counter Markets—__——
..1895
$354,717
$362,785
.
Interest and other deductions——
statement
similar position with the
a
American
Stock Exchange—Curb
Toronto
income
Gross
been
has
new post.—V.
George H.
Toronto Stock
4.636
it
foregoing
until-operating
Eugene J. Reardon has been named Chief Engineer to succeed Mr. Rose.
—V.
1892
1894
—
Exchange—.....
Stock
Montreal
J.
1892
...
Montreal Curb Exchange....,.,—
Other
$1,149,944
American Steel & Wire Co.—Official Promoted—
_____1891
Stock Exchange
Pittsburgh Stock Exchange..
St. Louis Stock Exchange.
90.862
4,757
'
the
American
Philadelphia Stock Exchange....-.4——1892
$1,282 608
836,907
54,440
6,039
™—
tax.
1942
'v
$1,257,504
836,423
_—
Operating expenses and general taxes...——
Stock
Los Angeles
1943.
1
••
Cleveland
resigned
V.
1890
_._..___1890
1891
1891
Exchange...—
Chicago Stock
yetjto
properties,
Wise
B.
cept the
-X—_1889
Exchange
be dissolved,:
■
in
reserve
a
__1889
Exchange.
Cincinnati Stock Exchange
as
electric
has
1880
__1884
Curb Exchange
York
Baltimore
tentative
certain
have
the
in
W.
(Stocks)—__1869
New
program and, accordingly;
the
properties, during 1943 at an aggre¬
agreement have been reached, no con¬
March 31, 1944) been signed.
Upon disposal
it is contemplated that the company will
proceed with, the sale of its remaining water properties and thereafter
while
tracts
income
American Re-Insurance
Quotations
New York Stock Exchange
price of 81,290,000, proceeds from which have been applied to
the redemption of the company's 3%%
first mortgage bonds.
Nego¬
tiations for sale of
the electric properties are presently under way
and,
1,720,000
$1,182,492
'
-
Page
gate
of
taxes
full year shall have been determined.—V.
*..
this
of its water
2,710,000
and
income
Federal
$2,869,994
-
advantageous.
approved
formally
sold seven
company
Issue
Stock and Bond
the company
be
...
$3,892,492
$1,113,854
for
included
is
would be accomplished by sale of the company's
water
properties to the various municipalities they served and the
subsequent disposal of its electric property by such means as might
then
Net
held
In This
1942
$4,834,854
3,721,000
profits taxes
profits
excess
1943
1944
income
Federal
before
excess
Note—During the first quarter of 1944 dividends received from
foreign subsidiaries amounted to $103,303.
No part of these dividends
mission
terest in
income
and
States)
United
the
in
852,372
interest' and other charges.—V. 159, p. 1754.
for 1942 of an order of the Securities and Exchange Com¬
requiring, among other things, that Federal Water and Gas
Corp., which owns all of the common and approximately 35% of the
preferred stock of this company, divest itself of such interest in this
subsidiaries
its
Quarters Ended March 31—
Net
tax
report
company.
Copy
a
Corp.—Earns,
American Radiator & Standard Sanitary
(And
1943
$3,968,581
taxes..
Provision
advised ill the annual
stockholders were
Liquidation—The
Cents
60
MISCELLANEOUS
-
(& Subs.)—Earnings
1944
$4,165,482
bef.
earns,
Consolidated
Plan
INSURANCE
-
2,962,787
net
profits
Aver.
Alabama Water Service Co.—Annual Report—
Products Corp.
Quarters Ended March 31—
•Consol.
banks of $10,000,000
16
INDUSTRIAL
-
American Home
1, that they have completed ar¬
rangements for the private placement
Price
Corporation and Investment News
Placed—Eastman, Dillon
Affiliated Fund, Inc.—Notes
& Co. announced May
Office
Pat.
York, N. Y., Monday, May 8, 1944
PUBLIC UTILITY
-
S.
The
J.
for
corporation on April 24 announced appointment of Col. Philip
Reilly, managing director of the Associated Merchandising Corp.,
head
a distribution program for the
corporation's planned post-war
production of household appliances.
to
William F. Wise,
Executive Vice-President, in making the
announce-
In
1943
The
propellers,
Aviation
precision
delivered $72,000,000 worth of engines,
and other materials of war.
The backlog
Corp.
parts
beginning of 1944 amounted to $79,000,000.
Associated Merchandising Corp. is an internationally-known organi¬
of
unfilled
orders
of
zation
volume
the
retail
major
23
of
business
at
with a combined 1943 business
conducts a large import and export
stores
It also
markets.
$600,000,000.
with
foreign
Reilly
*
$3,000,000
consumer
goods.
Col.
Reilly,
said.—V.
Wise
Mr.
.
revenues
Operating
expenses
159,
p.
___
Total
4,500,000
5,000,000
$2,338,210
$3,056,656
—
13,000,000
Net
$7,485,631
profit
of
all
Retire Preferred Stock
159,
1 announced that it will retire on
13,153 shares of preferred stock
will
are
Beatrice Creamery Co.
class ,B
Corp.—
par)
registration statement with the Securities and
covering the issuance
of 100,433 additional
stock which the company proposes to offer
common stockholders.
Holders of common stock
a
common
to
subscription
j
will receive transferable warrants expiring
June 1, 1944, entitling them to buy one new share of common stock (at
a price to be determined later, for each four shares new held.
*
It is expected that the unsubscribed portion of the additional shares
will be offered
to
the public by an underwriting group headed by
of.record
Forgan
Glore,
.19,
1944,
Co.
&
proceeds of the sale of the
Net
the
May
redemption
1944,
1,
Aug.,
on
additional shares -will be applied to
of approximately 29,788 shares of
be
provided from the company's general funds.
Condensed
after
Year End.
'44 Feb. 28, '43
net
Net
from
Net
ry.
from
Net
ry.
—V.
$840,099
$R11 9nq
808,727
418,795
334,944
189,940
252,570
241,738
3,680,758
2,451,095
1,638,527
income—
railway,—
2,2au,voi
159,
jl,aoo,j.o4
72,715
profit: for
297,468
637,125
income—
174,959
Bedford Pulp & Paper Co., Inc.—To
Retire Bonds—
sinking fund bonds, due Dec. 1,
1949, are being notified that $302,000 principal amount of these bonds
have been' drawn by lot for redemption through the sinking fund bn
June 1,
1944, at 101% and accrued interest.
Holders are also being
notified that the company will redeem the balance of these bonds out¬
standing on June 1, 1944, at 102y%€k and accrued interest.
Redemp¬
tion will be made at the office of the Trust Company of North Amer¬
of first
Holders
closed
mortgage 5%
Belt Ry. Co. of Chicago—Annual Report—
Calendar
1942
1941
$7,501,182
Railway
operating
revenues
Railway
operating
$7,496,181
4,268,445
1,533,981
$6,603,950
3,873,870
940,334
expenses—
Railway
tax.
accruals
4,784,662
1,032,069
—
operating
Railway
Net
income—
rents
$1,684,451
$1,693,755
$1,789,746
349,190
438,396
258,756
—
Net
railway
Other
\
1943
Years—
income
operating
income—
$2,033,641
$2,132,151
$2,048,501
79,430
69,414
j
of
report,
.
.
P. G.
Greatest
division,
Total
income
$2,113,072
$2,201,564
$2,116,031
8,053
2,168
848
$2,105,019
$2,199,397
Inc.
Fixed
available
charges
Net
income
Dividends
for
fixed
charges-
——-
—
1,623,343
1,612,612
for
—
$438,828
surplus
of
$502,571
$576,054
280,800
year
appropriation
566,600
General
Balance
Sheet,
and
1943
Cash
$2,587,183
Traffic
cash
and
Net bal.
investments—
car-service
balances
400,000
accounts
Material
supplies
and
receivable
43,168
21,083
-
___
assets
652,560
461,797
625
6,619
j
673,046
4,245
Interest and dividends receivable—
Deferred
274,142
476,377
-
______
receivable
400,000
329.264
(Dr)
receivable from agents and conductors-
Miscellaneous
636,814
401,496
——
Temporary
Rents
1942
$2,666,281
—
6,619
45,924
Total
44,400
945,283
Unadjusted debits
1,050,730
$5,969,617
$6,158,042
$3,120,000
"
Audited
accounts
and
wages
payable
Unmatured rents accrue'd
Miscellaneous
Accrued
Other
tax
accounts
credits
Corporate surplus
157,
1,491,327
156,943
41,208
54,223
;
38^832
869,134
967,780
p.
2143.
285,154
126,923
$5,969,617
Total
—V.
1,037,540
liabilities
$6,158,042
,
213,875
188,041
—*
t
.1
3,541,547
...
493,376,202 390,322,739
______
corporate expenses.— 459,139,634 351,977,102
excess
own
and
of
•
;j "
deprec.
1,388,698
—.
adjustments
—...—
__
year—
26,365,000
—
—-
5.237,62
2,164,908
,
1,082,45
$4.14
—
—
,
29,390,25
4,482,870
—1
—
share
per
2,500,00,0
2,000,000
profits taxes
for
543,401
1674,362
$4,!
depreciation of $987,570 in 1943 and $430,466 in 1942
including amortization of $638,316 in 1943 and $1,553,873*4
♦Including
tNot
1942, equivalent to reimbursements from the U.
S, under an emergenc
plant facilities contract.
retroactive termination in process of consum
mation of a certain emergency plant facilities contract.
tIThe post-war refund of excess profits tax of $2,545,000 in 1943 an
$2,860,000 in 1942 has been transferred to the reserve for developmen
of post-war products and markets.
Z.z
{Consequent
upon
a
Consolidated Balance Sheet, Dec. 81, 1943
•
.
cash and U. S, war savings bonds hel
$405,942; accounts receivable (includin
costs and accrue
fees in, r.espect of cost-plus-a-fixed-fee contracts with the U. S. lies
portion,of fees withheld $4,700,103), $71,836,082; advances to sub
contractors, $1,577,142; inventories (less reserve for lossof $385,000/
$10,345,993;
Assets—Cash,
for
account
the
of
employees,
$1,883,625 due from U; S.), $5,863,897; reimbursable
fees per
investments and other assets, $5,714,508; emergency plan
acquired under contracts with the U. S. (less reserve, fo
of $638,316), $3,740,578 fixed assets
(less reserves fp
$2,742,342;
facilities
amortization
depreciation and
charges, $450,237;
amortization of $6,514,405),
total, $111,747,406.
ductions
for
S.
U.
$9,070,685;
deferrei
$22,435,990; employees' payroll de
savings bonds, $405,942;" accrued wages, taxes
payable,
Liabilities—Accounts
war
plus-a-fixed-fee contracts (less unexpended portion thereof in
bank
accounts of
$20,765,179), $28,580,881; notes payable
of achievement."
in two of
Washington."
reserves,
Gas Co.—Output Off 1.7%-
Boston Consolidated
,
for April, 1944 of 1,335,497,000 cub!
compared with 1,358,757,000 cubic feet for April, 1943, a de
1.7%.
Output (in cubic feet)
compares as follows.,(00
omitted):
1 *%'?'•
z.
z
Month—
1944
Change
,/■ 1943
1.9%
January
—.
1,622,025
.
1,653,787
The
feet,
output
reports
company
as
of
crease
.,
.
restrictec
to bank
$12,249,355; capital stock ($5 par), $5,412,270
paid-in surplus, $8,142,064; earned surplus, $10,085,018; total, $111,
747,406.—V. 159, p. 3.
>
$2,553,264;
-
which was
illustrated
,
—
1,542,646
—
*
—
.
April
''Revised
to
make
3.3%
+
1,358,757
—
2.3%.,
1.7%" <
159,
p.
1443.
RR.—Earnings—
1944—Month—1943
Period End. Mar. 31—
revenues
+
1,526,970
figure comparable.—V.
Boston & Maine
Operating
Operating
<'1,492,823
1,561,456
1,335,497
i
February
March
—_
$7,528,911
1944—3 Mos.—1943
$7,746,799 $21,155,836 $20,932,68
4,864,134
16,561,206
14,266,34
1,172,484
1,904,259
2,648,72
expenses —
i—
J—
5,685,937
Equipment rents—Dr___
276,131
295,266
787,545
rents—Dr_—
23,634
21,769
85,172
79,28
income-
$774,348
$1,393,146
$3,108,63
321,27
$3,429,91
Taxes
Joint
Net
fac.
768,861
ry.
829,69;
140,349
oper.
105,576
$1,817,654
343,831
$914,697
$1,498,722
$2,161,485
363,257
371,671
1,092,244
1,113,48
$551,440
Other income
Produced
;
.*•
10,000
Total
Primary Trainers
given primary training
Net
-
$1,127,051
$1,069,241
$2,316,43
1652.'
Bristol-Myers Co.—Interim Dividend of 50 Cents^an interim dividend of 50 cent
$5, payable June 1 to holders. \0
disbursed on March 1, last.
Pay
ments in 1943 were as follows:
March 1, 40 cents; and June 1, Sept;
and Dec. 1, 50 cents each.—V. 159, p. 547.
The
directors
on
May
3
declared
share on the capital stock, par
record May 17.
A like amount was
per
Superfortress.
planning for the company is being conducted by the en¬
department and by an' independent agency," Mr. Johnson
purpose of this planning and
research is to equip the
management with information to enable it. to make the necessary
decisions on problems that will confront the. company in the future,
The management recognizes that problems -of even greater magnitude
than those encountered during the war will be presented when peace
"Future
gineering
"The
said,
Buffalo Creek RR, Co.—Retires $30,000 of Bonds—'
which
aircraft
and
its
abilities
applicable
to
Large Engineering
future
Staff
reported that the Boeing engineering staff represents
of such organizations in the aircraft industry. This
staff, he said, is engaged in continuing to improve the Boeing Flying
Fortress, carrying out development and perfection of design of the
Superfortress,
as well
as
several experimental designs of advanced
character, providing engineering service to all the other companies
producing the Boeing Fortress and Superfortress and providing field
service engineering in all combat areas where Boeing airplanes are in
Johnson
action.
pointed
out
that
the
success
of the Boeing Flying Fortress in
recently
for
$30,000 of its outstanding first mortgage 3%%
1,
1965, at 106 and interest.
Buffalo Niagara Electric
products."
of the largest
company
Nov.
due
may
called
redemption
as of May 1, 1944,"
bonds, series
Payment is being made at th
office of J. P. Morgan & Qo. Incorporated, trustee, 23 Wall St., Ne
York, N. Y.—V, 157, p. 1268.
The
total of
necessitate the manufacturing and marketing ' of
other products in addition to aircraft.
"A- conservative, national campaign of institutional advertising has
been continued, to acquaint the public with the accomplishments of
the company, its exceptional record in the development and production
comes,
He
income
♦Rentals, interest, etc.—V. 159, p.
to more Army and Navy fliers than any
type trainer, were decelerated during the year due to decreasing
need for training aircraft.
At the same time production was accelerated
on
the
Wichita
division's much larger manufacturing project,
the
B-29
income
"Total deductions
Wichita division maintained its high record of efficiency
in the production of Boeing Kaydet primary trainers, 10,000 of which
have
now
been built.
Delivery schedules for these Kaydets, which
Mr.
56~760
*'j
,
386,567i317
493,188,161
___
adjustments and indet. expenses.*—;
estimated Federal and State income
acess
Profit
The Boeing
one
$
'
-
315,212
52,052
:
liabilities
Unadjusted
'
9,238
liability
current
Deferred
payable
385.332
Z—
'
,
perod as at the beginning.
of
stock
$
1 ■'
-iZ-
refunds
for
Earnings
he
%>
$3,120,000
Liabilities—
Common
31
1943
information
and other
rights
Cash dividends--."-—.—.-
That Boeing's monthly delivery rate increased more than 400%
the two-year period from March, 1942, to March, 1944, with
same
number of- direct- factory employees
at the ,end of the
have
31
Dec.
Assets—
•
-
with
for
other
Investments
for tl>e
Canadian
was
the
by
•
income—
for
(3)
the
'
_
'' 1
,
manufacturing
ItProv.
They showed:
(1) That Boeing, during 1943, produced an average of 3.23 pounds
of
airframe
square foot of direct
factory area per, month as
per
compared with 2.5 pounds for the next highest heavy bomber plant.
Two pounds was the average for the seven leading plants producing
heavy bombers and 1.3 pounds was the average for all aircraft plants.
(2) That Boeing led all other heavy bomber plants in the utilization
of
manpower
during 1943.
In the Seattle plant nine-tenths of one
man
hour was the year's average required to produce one pound'of
airframe,
while 1.1 hours was the record of the next-best heavy
bomber
plant, 1.9 hours the average for the seven leading plants
producing heavy bombers and 3.6 hours the average for the aircraft
$2,115,182
1,666,191
—
.
income
Prov.
during
Miscellaneous deductions from inc.-
*
engineering
Prov.
report by three charts.
industry.
work
•
company, character¬
main
the
1941.
funds "in
charged in respect thereof
Year"
Johnson, President of the
production record of the Boeing Seattle division,'
productive unit of the company during 1943 is
The
the
This
$15,715,837; provision for Federal income and excess profits taxe
income tax (less U. S. Treasury notes {tax series] and" cer
tificates of indebtedness of $20,633,712), $6,166,785; advances on cost
"the Boeing Company's greatest year
accelerated.
being
1.
subsidiary' for
Canadian
the
determined
is
Supply, who has not made such determina¬
to major contracts performed during 1942 and 1943
respect
period
said, will be in the process of conversion
to B-29 production during 1944.
This conversion will be accomplished
gradually, with B-17 production decelerating while B-29 production is
Seattle
the
and State
company's divisions at Wichita, Kansas, and Renton,
The
profit
tAmort. of facilities acquired during emergency
production deliveries of the Boeing B-29 Superfortress began
the
during
and
•"Cost of sales and other
1943, while net profits,
substantially lower
of
$25,000,000.
and
i
Total
"The
.
deliveries
that
approximately
Munitions
of
of
and
productive effort of the various divisions of your
company continued to meet the requirements of the Army Air Forces
for both the Boeing B-17 Flying Fortresses and the Boeing
(PT-17
and N2S-3
and
4's)
In addition,
Kaydet primary training planes.
added
He
established
were
etc.,
"Boeing's
the
■<'.,•
plants
C.
B.
''
Other
1942.
V
with
part
Sales
1043
followed in
In
67,529
,
—
reflecting
year,
of
Sales
to expected costs at the
post-war refund, of excess
10%
was
in
ica, trustee, 115 Broadway, New York, N. Y;—V. 159, p. 1142.
the
branch
six
Government
t'':
S. Govt, under
in
addition, a modern wind
The facilities at Renton,
expanded by the addi¬
were
1943
to
for taxes, and reserves, decreased from $5,237,624 in
in 1943.
•" '
t.r !.
for
Federal and State taxes amounted to $26,365,000.
ized the year as
1347.
p.
$9,186,349;. cash, in banks
$493,188,161
to
funds.
,
sales.
545,000
821,688
Oaj,ju0
540,475
railway
oper.
.
termination of the1 war period.
profits taxes,, amounting to $2,estimated taxes and payable to the company three
years after cessation of hostilities, was transferred to a
reserve for
development of
post-war products
and markets.
The same policy
The
r,0r;
136,302
.
1—
Jan.
from
Net
$1,328,192
railway
v
1941
1942
railway
oper.
From
Gross
1943.
1944
,
Gross from
,
produced,
gross
The
[primarily
-Earnings—
Beaumont Sour Lake & Western Ry.March—
31/1944
amounted to just ,91/100 of 1%
of the compaity's
In .1942 the net profit was 1.34% of the. gross sales.
net profit figure was computed after allocating $2,000,000 to
the reserve that has been set up for contract
adjustments and in¬
determinate
expenses
arising from
war-time conditions applicable
.unit
$3:16
$3.24
common
1942
In
company.
company
Consolidated Income Statement,-Years Ended Dec.
$4,482,870
Provisions
The
;
$
ip
completed acquisition of
of $7,101,819,- so that
cost
a
adjacent to the plant.
area,
states
report
totalled
tion
provisions
f
1035.
p.
$386,567,316
to
this
Vancouver,
and
$15,117,078;
1942
the
of
with
"
at March
payment of liability to U.
in
after
106,507,404 101,627,727
1,744,497
1,664,994
and Federal taxes,-.
share
J—
charges
159,
' 2,336,713
$0.80' %
,.$1-01
Boeing Airplane Co.—Annual Report— t
■ r
sales of the company and subsidiary companies increased
.
$
Net
.
.
Gross
from
:
Feb. 29,
Period-
Earnings per
hand,,
in
Minister
payable, $8,283,065;
customers' deposits oil
orders, $13,571,678; accruals (including accrued payroll), $7,353,790;
U. S. Govt. prov. for taxes on income, 1944 and prior years and for
renegotiation applicable to years 1943 and 1944 (net), $47,097,053;
deferred credits to income, $62,878; reserves, $9,05.9,670; common stock,
$12,309,570; paid-in and capital surplus, $10,801,330; earned surplus,
$30,202,100; total, $138,741,134.—V. 159, p. 1443.
j
Statement
Income
Year End
—V.
on
built
airport
an
Canadian
Liabilities—Accounts
/
preferred stock at a price of $105.50 and accrued
dividends.Balance of funds needed to complete this transaction-will
cumulative
$4.25
$2,367,597
'(including 125,184 shares of Borg-Warnsr common stock), $1,134,135;
post-war refund of Federal and Canadian excess profits taxes, $3,~
969,524; property, plant and equipment (less reserve for depreciation
and' amortization of $14,674,758), $14,736,503;
prepayments and de¬
ferred
charges,
$2,376,004;
patents (less amortization), $610,581;
goodwill, $1; total, $138,741,134.
Commission
($25
and
at
augment Seattle and Renton production in view of the manpower
The
notes receivable (customers), $2,999/ accounts
(customers,
less
reserve),
$31,242,336;
employees' and
officers' traveling advances and accounts receivable, $69,951; other
accounts and notes receivable, $1,688,035;
materials, supplies/ work
in
process
and
finished goods (less reserve),
$28,193,489; stocks,
bonds and notes of other companies,
and miscellaneous investments
..
filed
Company has
applied
($64,839),
for Offering to Common
'
Stockholders—
Exchange
at
receivable
(Chicago, 111.)—Registers 100,-
433 Additional Common Shares
for
„
2574.
p.
shares
:
July 1, next,
at 105 and
outstanding 142,480 shares of
largely held by Transamerica
leave
which
stock,
common
68,692
1,888,951 ,
,t
for year 1942 (per contra j, $20,695,179;
to expenditures under contracts" with U. S.
on May
This
dividends.
V.
banks
in
company
.
1
in western Washington.
Boeing Companies include:- Boeing Aircraft Co., with Seattle
and Renton divisions; Boeing Airplane Co., Wichita division, Wichita,
Kansas,
and Boeing Aircraft of Canada, Ltd., Canadian subsidiary
398,653
,
$1,867;012
-
as
the
facilities
in
.
.
The
proceedings
outstanding
the
<'5,814,315
$0,95
Sheet
states,
by the Defense Plant Corporation,
of
To
renegotiation
cash in banks
restricted
Govt; departments
and
prime contractors thereto, $9,718,968;
U. S. Treasury
bonds and certificates of indebtedness and Dominion of Canada bonds
be
1
Axton Fisher Tobacco Co.—To
company
$5,979,620
$4,673,847
$2,578,029
Balance
Consolidated
report
property
was
shortage
2,336,722^' 2,336,713
—
_
•1,506,011
1,472,072
478,627
$1,886,334
The
the
is
tion
z.-:
(par $5)
2,336,730
Earnings per share
$0.92
^Includes excess profits taxes.
the
■
"
■
exception of a few temporary buildings, one permanent
and
certain
equipment,
the
entire Seattle
manufacturing
building
$4,723,893
93,237
<
$2,226,316
$2,152,119
—
Assets—Cash
1548.
the
unit
162,958
555,157
<'11,257,923
'
451,876
p.
<'17,198,545
taxes—
Can.
V.
cquipt, & joint fa-
159,
Seattle,
Government's'interest
with
1941
$8,329,721
675,328
80,776
Shares of common stock
paid for rent
cilities
i
In
the
1043
14,000,000
$6,145,919
742,904
140,279
*
„
New Seattle Plant Purchased
year
$20,233,848 $14,240,342
—
and amortiz
charges
and
Fed.
164,220
279,892
income
Deprec.
Sundry
$8,056,656 $19,145,919 $21,485,631
$6,838,210
income
coh-
demonstrated
has
profit
net
volume of business increased $106,600,000.
$4,560,935
$8,117,660
212,061
$19,953,956 $14,076,123
_—
used
has .been
it
the
that
,
owned
1942
1943
1944
3 Mos. End, Mar. 31-
,
—V.
.The
to
May 27/ 1949, and change
new schedule calls
ioT'lVs'/v
from
1950,
Operating profit
Co.—Earnings—
taxes
Operating income
■j Net amt.
,
of Blbomingdale's.
company
Borg-Warner Corp. (& Subs.)—Earnings-
1442.
revenues—
oper.
required for
of
parent
the
an increase in the amount of' the credit-call
$2,000,000, an extension of the termination date
in .'the- schedule of
interest rates.
The
per annum to and
including May "27, .1945, 1.%'% per annum to and including -May 27,
1948, 2% per annum to and including May 27, 1949,Zand'thereafter
either 27c per annum ,or the New York Federal Reserve rediscount rate
plus ya% per annum,'whichever is higher.—V. 159, p. 1347.r"
;
1944—Month—1943
1944—3 Mos.—1943
$14,706,009 $14,590,183 $41,526,100 $40,138,809
7,867,799
6,533,527 22,380,181 18,653,178
Period End. Mar. 31—
Operating
'
agreement between the above corpora¬
has been approved by Federatedr De¬
provides
from
27,
May
Other
Net
Co,
states
report
tunnel
Atlantic Coast Line RR.
Amt.
Trust
Inc.,
Stores,
modification
.Roebuck & Co.;
Avco last year to investigate markets for postwar
He will continue development work in cooperation
by
retained
was
partment
former technical director for Sears,
J. •Snow,
A.
with
the credit-call
Bankers
Propeller Corp.
American
Dr.
an
after
Avco
to
is
Mr. Wise said.
July 1, he also
chandising,"
the
and
where
w>ar
and engineering methods.
statement for 1943 is made
at a time when the Government has as yet given no indication as to
whether the company will be subject to renegotiation for 1943.
z
"It
is
the management's considered
opinion that, because of the
company's outstanding production and economy
record during tha
year 1943 and the fact that 1943 profits are substantially lower than
those of 1942 in the face of a large increase in volume of business*
neither Boeing Airplane. Company nor Boeing Aircraft Company 4should
be Subjected to renegotiation for the year 1943,"
; 1.
It
was 'pointed
out
that profits after taxes but before reserve
provisions, were $1,569,754 less in 1943 than in 1942, although 'tha
The
Credit—
Bloomingdale Brothers, Inc.—Increases Bank
of
clusively the soundness of Boeing design
Corporation,
Modification of
tion
outstanding authority in research and mer¬
"Although his services Will be devoted
will be available to A, M. C. officials
in matters affecting- activities of that organization"
The Aviation Corp. plans production after the war of ranges, heaters,
refrigerators, deep freezers, wheel goods, and electronic devices, Wise
announced.
It
will continue to make diversified aircraft products,
including engines, propellers and precision parts.
The corporation's
manufacturing units consist of the Lycoming, Republic Aircraft Prod¬
ucts, Spencer Heater, Northern Aircraft Products Divisions, and the
"Col.
*
-
which is located at Wichita,' Kansas,., reports its
facilities undamaged by .flood waters and production continuing without
significant
interruption.
Local transportation dealers have caused
slowdowns but. the company is expected to make up any production
losses within two weeks, the announcement said.—V. 159, p. 1442.
The
theaters
all
Damage'By-Flood—
Aircraft Corp.—No
Beech
will suri-'1
and will
merit, said: "The household appliance manufacturing plan
plement the corporation's over-all aircraft parts production,
broadly diversify postwar operations."
1
Monday, May 8, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1858
Corp.—Debentures Called-
has called for redemption as of June 1, 1944. a tota
$1,140,000 outstanding serial debentures ($674,000 of series B, 3% ;
The corporation
*
of
$228,00]} each maturing June 1, of 1945, 1946, and 1947; and $456,00
of series C, 3(4%—$228,000 each maturing on June 1, 1948 arid 1949
The
series B debentures will be
series C
debentures at
N.
102 and
redeemed at 101 and interest, and th
interest.
Payment will be made at th
trustee, 028 Main St., Buffal
or at the option of the holders, at the office of J. P. Morga
Incorporated, 23 Wall St., New York, N. Y.
Holders of the called debentures may at their option receive imm
Manufacturers
and
Traders Trust Co.,
Y.,
& Co.
diate
payment upon surrender of said
above-mentioned paying offices.—V. 158,
debentures
2041.
p.
at
either
of
th
I,
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Number 4279
Volume 159;
*
advisory report approving a proposed
plan'to merge Burco, Inc.,'into Investment Co. of America.
The,plan provides for the allocation of,shares of The. Investment
l
to
America
of
the
preferred and
IhC. immediately following the approval of the plan.
the' net asset value of Burco, Inc. will be divided
Value
of
share
one
valuation
of The Investment
and
date
the
result
will
be
the
Investment Co. of America stock to be
preferred
stockholders
Burco,
For this purpose
by
of America
Co.
of
stockholders
common
number
the
of
distributed to
net
of
as
asset
certain-
a
of
The
common
Inc.
■
■
that the shares of The Investment Co.
Burco, Inc. will receive as payment for its assets
will be apportioned between the holders of its preferred and common
stock as follows:
w,''.
,■ ;•'■
i
(a) 93% will be distributed to the preferred stockholders, and
<b) 1% will be distributed to the common stockholders.
^
■'
In
distributing its stock, The Investment Co. of America is not
required to deliver fractional shares, but may in lieu thereof, pay to
each stockholder to whom a fraction accrues, an amount based upon
the net asset value per share as of
the close of business on the
/"The1
Of
plan
of
Burco,
The
Canadian Pacific Lines in MaineMarch—
date.
is
the
of
as
date
fey "the stockholders of
ujion which is cast the
which
ry.
income—
oper.
From
Jan.
Gross
the
two
vote of
be
of
the
assets
of
the
from
-
1942
486,743
461,710
the second of the two
167,374
130,014
206,745
168,717
163,853
,
railway—
1,808,778
823,710
income—
1,345,432
566,947
641,652
1443.'
1,375,807
614,368
417,487
;
483,620
; V '.'v
■
1,286,930
of stock-
groups
portfolio securities of the two investment companies
determined
of
as
that
will
at; the valuation date.
An amendment filed on March 21, 1944, by
Burco, Inc., to its application for an advisory report, reveals that in
September,
lated
1943.
The Investment Co.
of America qualified as a
company, and as such it pays no income
and
;
capital gains.
Accordingly, The Investment Co. of America will make
asset value for the purpose of
such deduction in computing its net
no
The
Net
ry.
tion
propsed merger offers the preferred and common stockholders
Inc. the opportunity of substantial liquidation in view of
at
the
The
asset
the
of
the
to
value
preferred
assets
formula)
which, generally
company
net
net
report
at
the
of
election
the
to
cede
to
the
Net
'
Net
ry.
important factor to be considered in
the reasonableness of
market sufficient to afford it
predic¬
a
asset value will
an
Although these circumstances preclude any
ready or certain determination of a fair participation for the common
stock -in the proposed merger, we are not prepared to say that the
possibility of such appreciation in this case is without any value;
It: is
this
possibility of value as
position in the corporation which
company's assets to the
!
:«"The
erred
present
and
common
well
the
as
justify
may
stock.
common
some
allocation
of
/
.
.
the
has
holders
of the
directors), in
proposed
From
has
anagement
preferred stock
an
allocating 1%
tockholders;
not prepared to
allocation of 7%
s-
of the
reason
were
entitled to
elect
three
company's
at
hand
favor
to
the
assets
to
the
assumed
it-is
common
that
"Furthermore,
say
the
upon
facts
of
this
partciular
since the plan
case
their
i
be
approved only by the
.'
■
'•
as
a
to
power
'
•
•
'
.
•
March—
;
:
1944
railway
railway
et ry. oper. income..-
$172,189
56,438
45,321
32,350
=>4,983
682,431
243,244
399,239
263,778
138,793
78,426
28,162
*4,001
*47,639
stantial
V.
157,
i
r
Quarters End. Mar. 31-
"ost
of
same__,
—
•
had
investors
)ther income
v
1944
1943
$3,481,807
$4,146,531
3,118,293
$1,451,138
827,026
$1,028,238
38,032
$624,112
Period End. Mar.. 31—
7,058
1942
$562,899
69,246
$632,145
Depreciation
Federal
taxes
Other
235,500
3,259,741
45,845
37,265
833,726
449,297
41,500
40,750
484,008
appro.
investments
income
tax
(est.)_
Net profit
—
Note—No
provision
122,228]
140,121
$625,332
revenuesOther jthcome (net)_—
income
Gross
Interest
427
272,000
155,000
19,703
ividends
ry.
,
March—
Net ry.
1942
1941
$167,104
$190,487
80,618
67,347
$183,074
92,312
$168,603
81,047
Dross
from
et .from
Vet
ry.
Net ry.
—V.
railway
.
;
V, 159, p. 1348.
503,605
523,143
516,056
499.600
189,226
247,666
234,657
165,150
135,222
230,550
310,168
.
The Commercial and Financial Chronicle
220,631
May
March
Fed.
excess
Int.
&
Net
other
1,
IV2 %
as
sale
of
of
the
1941
used
in
retirement
mortgage
bonds,
of
the
which
will
25-year
cash of the company.
issuance
and
trust
bonds,
Bonds,
and
rale
■
of
issuance
the
and
various other
-
Notes, issuance and sale of the colla-*
pledge of the collateral for the Notes
steps
in
connection
therewith,
require
Interstate Commerce Commission, for which appli¬
2,290,406
938,536
672,892
cation
has been made.
Acceptance of the most favorable bid pur¬
suant to this invitation will be subject to and contingent upon obtain¬
ing all such Commission authority.
on
to
are
before
or
be
made
12:00
on
noon,
forms
furnished
by the company, and de¬
Central War Time,
May
15,
111.,
1944.*
Earnings for March and Year to Date
-Earnings—
1944—Month—1943
$1,094,689
446,228
Gross
Net
1944
from
$1,046,104 $11,760,498 $11,221,397
425,718
4,807,581
4,432,065
1341,795
$178,167
53,013
$182,557
$125,153
$123,105
1,536,000
1,175,908
Net ry.
■1
773,9,00
1,278,100
—V.
1,537,500
857,000
11,294,000
59,452
$2,076,824
636,028
$811,375
41,802
41,802
$81,304
$939,190
stock——
income
oper.
712,442
March—
sales
§$5,684,948 $$2,926,662
*
919,909
Net
from
Net
ry.
railwajr—
railway
12,402,129
8,073.311
5,835,994
5,031,243
1943"
/
1941
1942
$2,914,353
932,277
354,928
$2,696,306
8,318,829
2,492,233
906,246
oper. income—.
From
7,678,178
3,007,057
1,172,490
534,181
1,087,213.
417,589
$1,663,450
406,522
159,380
$1,664,107
547,640
4,939,261
4,515,274
1,279,751
1,307,060
675,222
327,635
1—
Jan.
from
Chicago Great Western Ry.^Earnings^—
1941
$2,302,632
805,759
$4,663,735
35,876
$2,006,753
38,475
$4,699,611
$2,045,228
340,641
513,021
March—
Gross
$1,541,920
585,017
1944
from
from
Net
$1,496,873
548,640
—
23,839,903
11,995,746
1,831,577
—V. 159, p. 1757.
2,250,000
Oper. profit exclusive of deprec—
24,808,068
Calendar Years
tl942
1,021,212
33,009,021
1944
Gross-from
159, p. 1443.
administrative and general
49,579,607
7,097,723
railway—..
Net from railway—^.
Net ry. oper. income
1943
2,858,318
159, p. 1756.
Gross
Income Account for
$8,882,570
4,716,906
1,421,592
Chicago & Eastern Illinois RR.—Earnings-
$1,312,982
501,606
$1,440,796
501,607
1941
1942
9,132,184
4,679,332
25,626,125
—
$2,025,424
$83,352
—_—;
'
2,110,815
from
railway—
Net from railway
128,000
309,829
8,271,702
58,594,404
,
From January 1—
fl,187,594
128,500
1943
railway— $20,090,247 $18,242,460 $11,534,281
from
railway.—
Net ry. oper. income...
1944—12 Mos.—1943
Gross
taxes
Other income
be
205, Burlington Building, 547 West Jackson Boulevard, Chicago 6,
:
profit from
will
Division
of
authorization of the
$1,806,580
517,203
334,230
Century Electric Co. (& Sub.)—Annual Report-
'Gross
notes
$56,773,000 Illinois
1, 1945.
1,143,517
Balance
—V.
$10,
3,457,126
deductions
pfd.
of
livered to the treasurer of the company by mail or messenger at Room
—
income
on
issue
4,897,072
taxes-
prof,
entire
5,912,180
1,412,241
———
income
Gross
the
secured
•
taxes
for
insurance companies have agreed to purchase at par $30,collateral trust 3!/2% bonds, Dec. 1, 1944.
The bal¬
approximately $20,664,332 required for such redemption, in¬
cluding call premium and accrued interest, will be provided from treas¬
depreciation
income
bids
trust notes of 1944, to be issued by com-<
mature $500,000 each third month thereafter,
1945, and ending Dec. 1, 1949, to bear interest
to
8,960,637
amortization
and
invited
1
collateral
9,751,865
2,870,422
1,375,472
expenses
Federal
224,306
341.166
496,593
Central Illinois Light Co.
General
219,997
965,631
income.—
revenue
284,705
$2,189,629
663,184
Period End. Mar. 31—
for
809,340
482,100
926,579
354,431
Certain
railway
railway—
1943
1942
1941
$2,684,396
850,294
$2,638,557
1,058,585
$2,036,839
$1,716,700
687,380
550,801
278,089
Net ry. oper. income
From- Jan. 1—
45,047
304,056
248,254
225,499
7,639,417
2,415,871
* 828,065
7,197,079
2,633,659
5,786,726
1,743,205
860,197
61Q,014r
4,851,627
1,466,071
552,813
'
Total
income
—
,
.
Depreciation ——————i
Federal
excess
profits tax—
...
Overprovision
for
prior
256,032
~4~678
"Cooo
Chicago & Illinois Midland Ry.—Earnings—
150,000
.
Crl3~512
Gross
Net
profit'
—
paid.—
$777,481
$415,343
181,364
226,706
—
From
Gross
"After deducting cost of goods sold, exclusive of depreciation charges
and pay-roll taxes,
tAfter renegotiation of Government
1942.
JAfter $350,000 refund.-to U. S. Treasury Dept. due
tion
of
Government
contracts
and
after
cost
of
sales
contract for
to renegotia¬
of $7,866,513.
from
Net
from
Net
ry.
'
—V.
railway
railway.
opei;.
income
$599,595
240,761
79,059
$591,935
293,676
96,634
$518,850
218,000
$445,222
178,234
.1941
80,313
111,229
1,612,460
1,516,256
1,286,794
740,988
607,460
215,161
495,546
304,604
261,718
159, p. 1349.
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N. T., BEekman
William Dana Seibert, President; William D. Riggs, Business Manager. Published twice
offices; 135 S. La Salle St., Chicago 3. 111. (Telephone: State 0613), in charge of Fred H.
1942
1—
Jan.
from
1943
1,639,408
590,647
231,094
railway
Net from railway
Net ry. oper. income—.
$659,738
136,023
-
1944
March—
6,344
year—
•
2*55~o6o
prior years—
for
from
railway
Net from railway—
Net ry. oper. income.—
—V. 159, p. 1653.
356,805
200,040
185,000
declared value exc. profit taxincome tax
Underprovision
788,490
Gross
79,847
251,073
income
on
1944,
1,
be
Bids
159, p. 1653.
83,415
1,102,123
$3,376,323
1,461,003
railway-
oper.
91,010
1,180,054
'
■
serial
Chicago,
ance
and
.
138,900
123.857
$3,300,296
865,399
315,596
railway—
Dividends
railway
108,054
1942
1941
$288,566
81,411
March—
■
oper,
239,388
1—
Jan.
from
from
Net
106,501
54,650
From January 1—
of
Proceeds
teral
1943
1944
,
income.—
oper.
From
Gross
,
railway-
railway-——
1942
$337,738
,
be redeemed Jan.
$858,231
108,054
1943
income.—
com^ny
Dec,
to
ury
.
from
from
Net
•
$414,429
198,431
127,938
1944
railway....
outstanding
Central of Georgia Ry.—Earnings—
State
1943
79,202
231,288
;
railway.
oper.
The
The
Gross
•
specified in said Tndenture.
475
1653.
Other deductions
$279,486
$188,424
profits tax.- -V. 159,
1944
oper. income—
'f
$1,097,619
$893,665
f
applicable, to pfd. stock
p.
159,
Fed.
et
37,069
12,914
$1,124,953
•_ •
per annum, payable quarterly on the same dates,
by a collateral Trust Indenture to First National
trustee, to be dated Dec. 1, 1944, under which
indenture company will pledge as security for the notes, $15,000,000
first and refunding
mortgage 4Va% bonds, Series of 1970, dated Aug.
1, 1944, to be issued for that purpose.
As purchaser may elect, the Notes will be Issued in the denomination
of $1,000 in coupon form, payable to bearer (registerable as to prin¬
cipal)-,, or in registered form without coupons in any denominations
$1,097,144
»
:■
$61,421
-V.
80,000
Cambria & Indiana RR.- -Earningsrailway
et from railway
69
18,882
Federal normal- and surtax—.
from
1
$81,124
$70,947
——
258,551
,932.
ross
$1,112,039
/
$89,829
;
charges—i—
income
$781,993
163~956
from
ry.
000,000
Net
Selling,
~S~7_,368
J
from
Bank,
533,257
;
.
154,521
ry.
and
399,602
31,405
$81,055"
$89,402
oper.
:
•.
$419,656
beginning
'
Net
' '<
■
Chicago, Burlington & Quincy RR. — Invitation for
$10,000,000 Serial Collateral Trust Notes—Insur¬
ance Companies to Purchase $30,000,000 Collateral 3V2S
1941
1184,540
418,411
$210,181
$355,859
made for Federal excess
iMarch—
3,132
1,073
2,366,995
533,306
^
Bids for
'
—
1,076,453
882,897
426,686
;
•
—V. 159, p, 1348.
647,296
41,592
res.
9,778,038
3,106,789
1,513,439
railway—
Net
2,991,625
111,284
limited-term
of
12,165,161
4,082,478
868,172
railway.—...
oper. income
Net
$5,705,993
—
Prop, retire,
Amort,
$6,170,216
.288,651
,
15,305,170
3,243,830
'•
.
from
pany
$443;547
:
15,112,591
from
Gross
value."—
$573,502
expenses,—
taxes-:—
206,295
From January 1—
1944—12 Mos.- -1943
1944—Month—1943
—
revenues
Operating
39,082
120,533)
—
Depletion
'fed.
$1,066,270
March—
Net
at the rate of
Operating
575,845
i
Net
par
762,143
159, p. 1756.
Gross
*
$774,936
1,220
2,918,908
_
charges
8,328,580
4%
on
the general
to registered holders
Central Arizona Light & Power Co.- -Earnings—
$1,877,093
1,102,157
(net)—
Total income
Jther
1939
$405,000
1,706,314
Charleston & Western Carolina Ry.— -Earnings-
*
2345.
p.
comparative Consolidated
f Operating gain
6,627,920
to
income...
3-3341.
Herbert D. Seibert, Editor and Publisher;
a week [every Thursday (general news and advertising issue) with a statistical'issue on Monday]. Other
Gray, Western Representative; 1 Drapers' Gardens,'London, E. C., England, c/o Edwards & Smith. Copyright
1944 by William B. Dana Company.
Reentered as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and
Possessions, $26.00 per year; in Dominion of Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia,
Australia and Africa, $31.00 per year. NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds,
'
$3,479,705
;
7,917,260
reduced
been
railway
railway—.
1941
$4,425,223
1,331,333
1—
oper.
000.000
Co.—Earnings
(And Subsidiaries)
ry.
—V.
31, 1943, the general mortgage bonds of the company in
of
hands
Divs.
;^tev; .from copper sold,
1938
a
$5,622,843
from
from
Net
1942
1943
$5,359,623
1,266,684
437,042
Jan.
Net
increase.
"As of Dec.
the
159, p. 1347.
Calumet & Hecla Consolidated Copper
——-
railway..—
railway—...
oper. income...
Kwh.
Year—
8,109,700
declared
1944
from
Gross
report for the year 1943 shows that operating revenue for the
totaled $61,593, and net income available for taxes, interest and
depreciation amounted to $42,202.
After a deduction of $8,735 for
taxes (exclusive of Federal income taxes) and $14,919 for depreciation,
there remained a balance of $18,548 available for interest.
1
"Since June, 1943, the Army AiriCorps has occupied the Lake Lure
Inn and Rocky Broad Inn, both located at Lake Lure, as a rest center.
As a. consequence, our local sales of electricity have shown a sub¬
1941
$92,219
8,272
158,003
railway-.——.:
income—
,{1941
have
directors
289,738
4,534,100
730,372
$10,848,247 ' $8,779,475
.
From
"The
prov..
47,218
tot ry. oper.
"Deficit.-V.
1942
$242,279
83,936
1940
9,930,480
——
Kwh.
Year—
Kwh.
.
Operating
664,248
258,441
From January !—
from railway™.
ross
from
1943
$243,762
82,468
from
from
—
4...
158, p. 1438.
Net ry.
in the first half
follows:
years
■
.....
from
Net
that prevailed
past six
The output for the
1,100,000
55,000
144,800
1'.
Central RR, of New Jersey—Earnings-
1943 the total output of electricity showed an increase
8,911,340
Gross
"
Burlington-Rock Island RR.—Earnings-
*et
-V.
year
that
consent
class,
disapprove the plan and prevent its coniummation.
Similarly, the plan being subject to approval of the
holders of two-thirds of the total number of shares of the capital stock
pf Burco, Inc., the holders of the common stock of Burco, Inc., also
lave the power to block the
merger.—V. 158, p. 2574.
can
?f the holders of two-thirds of the preferred stock voting
et
*160,532
payment of
mortgage income bonds, to be paid July 1, 1944,
at the. close of business on June 15, 1944.
We
.
Dross
*221,243
2,775,000
45,000
173,500
538,280
4,534,100
1,113,443
10,000
—
———
Total
the
stockholders.
common
should suffice to condemn the plan as a whole
However, such figure seems to us to approximate the
aximum participation which might fairly be granted to the common
tockholders.
The plan provides stockholders who wish to stay in an
nvestment company the opportunity to do without additional sales
oad: for as long as they see fit ifnd provides those who wish to
iquidate their investments the opportunity to do so at prices subtantially better than afforded by the open market.
"
"If, however, any holder of preferred stock of Burco, Inc. is un¬
filing to make this sacrifice he may, under the laws of Delaware,"
"bject to the merger in writing and demand payment for his stock.
in
*300,753
year.
Year—
.
unfair.
;t°is
income—
334,256
5,702
*79,388
1942
effort to meet its pledge?to shareholders,
information
no
ny
re
*66,188
C.
the
of
under
Delaware law did not appear feasible.
Under such a
plan all of the assets would be absorbed in meeting the liquidation
preference of the preferred stock.
Accordingly, the management of
^is1 company (who took office following a stockholders' meeting at
.vhieh
*117,593
due to favorable conditions of rainfall
■
plan of liquidation which would '.
provide a fair distribution
bf the proceeds of liquidation as between holders of preferred and
bomrnon stock of the company.'
In this connection the management
pf" Burco has stated that straight liquidation through statutory dis¬
of the five
*179,694
949,465
!
......
*19,486
"For the year
:.
management of Burco, Inc. was elected by the prestockholders on a pledge that they would submit
taxes!
income
.....
Capital stock
Rommel, April 27, in a circular letter to the security holders
of this corporation, says:
'
>
the
common
State
Surplus.'
Carolina Mountain Power Corp.—Output Rises—Pay¬
ment of Interest—Earnings for 1943—Debt Reduced—
stockholders'
a
solution
*52,499
325,331
$966,000
——
March—
reasonable time.
a
*81,632
311,931
$805,000
863,925
and
Reserves
1—
oper.
"The
>
Although straight liquidation prefer¬
and its speculative Value depends upon
tion" that a rise in
in
*98,454
326,736
income—
$8,779,475
taxes,
Gross
1943
v
determining the fair¬
ness of the plan, some practical* concession may be. made in this case
to the speculative future value which the common stock
may obtain
f.the company were to continue as a going concern.
/"The common stock of Burco, Inc. possesses no present asset value
occur
9,969
'Deficit.—V. 159. p. 1443.
/
-
,
states:
problem
preferred stock of Burco, Inc.
an
$122,891
*20,813
railway——..
from
of
7%
merger
contronting us in the determination of
the fairness of this plan is concerned with the allocation of stock of
the
surviving corporation between the holders of the common and
is
$107,504
*46,913
railway——
Jan.
from
holders.
individual
asked
'
further
redemp¬
to
according
stockholders.
Commission
is subject
being
are
(computed
Inc.
common
of
the
speaking,
stockholders
Burco,
"The"remaining
ence
$102,765
*60,371
railway—
railway——— :
oper.
From
.
Gross
Wm.
the fact that the security holders will receive the stock of an open-end
However,
from
from
of Burco,
investment
$107,514
March—
Gross
1941
'
the, merger.
i
1*944
1942
1
'$10,848,247
12- months
and accrued pay-roll interest'
payable
Long-term debt
1943
113,323
%
Debenture. notes- ^—i.'——
regu¬
tax upon its distributed
3,563,176
1
payable
Accounts
date.
BUrco, Inc., in computing its net asset value for the purposes of the
merger, must deduct therefrom half of the tax which would be payable
upon liquidation, computed at 25'/< Of its unrealized net appreciation
166,870,
3,229,043
94,224
4--
Real estate notes maturing in
Canadian Pacific Lines in Vermont—Earnings-
Net
—_
..—
Liabilities—
Notes
545,939"
409,314
»
—j
451,260
2,501,799
353,489
Total
companies
In effect this means that the market
$162,829
1,820,217
Patents, trade marks and goodwill.
491,149
208,990
256,519
Deferred charges
1941
Federal
two
the plan is favorably approved
companies, that is to say, the day
hplders to take favorable action.
vUlue
the
-
1942
$203,124'
2,064,162
2,009,035
2,895,168
,
less allowances..
S. Treasury tax series notes.
—
Inventory _>
....
Investment and other assets
Property, plant and equipment; net-
1—
railway—
from
Net ry.. oper.
which
upon
and accounts receivable,
U.
Earnings-
1943
659,102
312,842
railway—..i-/
Net from
Net
1944
from 'railway——
Gross
Net
:
.
—V. 159, p.
"valuation, date"
1943
•
^
—
Notes
"
will be valued
of Government contracts for 1942)
Assets-^Cash
—
.
,
valuation
(After renegotiation
Y., Or at the option of the bearer,
or
of the' registered owner, at The Canadian Bank of Commerce in
Montreal or Toronto, .'Canada, or at any branch of said Bank in the
Dominion of Canada
(Yukon Territory excepted), or at the main
branch of the Bank in London, England.—V. 159, p. 1756.
provides
further
Comparative Consolidated Balance Sheet, Dec. 31
Payment .will be made at the Agency of the Canadian
1969.
July 1,
Bank of Commerce in Nety York, N.
which
America
company
and
shares
the
has called for redemption as of July 1, 1944, at 105,
and interest, all of the outstanding 40-year 5% guaranteed bonds, due
The
1859
§After advance to Treasury Department on renegotiations of $275,000
and" after deducting cost of sales of $11,319,892.
Canadian National Ry. Co.—To Retire Bonds—
Burco, Inc.—SEC Approves Plan—
The SEC on April 19 issued an
Co.
t
'
COMMERCIAL & FINANCIAL
THE
1860
Monday, May 8, 1944
CHRONICLE
Net
471,112
railway,..,—,
3,420,029
1,234,642
770,955
Jan.
from
Net
ry.
—V.
income
oper.
2,557,260
699,798
817,283
380,783
522,682
843,621
St. Paul &
Chicago Milwaukee
March—
ry.
income—
oper,
Net
rv.
railway—
from
—V.
railway-
from
Net
income—
1349.
oper.
159, p.
March—
railway.
from
Gross
Net
Net
ry,
railway...:
from
—
income
oper.
1944
1943
$13,675,6*68 $13,073,090
4,009.435
4,876,092
1,940,710
2,733,958
1—
Gross from railway—
Net from railway
12,580,187
9,273,058
7,519,201
6,087,751
1941
1942
$7,937,493
$10,211,821
2,770,833
1,859,224
1,954,446
1,108,734
From January
—V.
159,
p.
36.296,538
12,022,212
6,557,157
39,742,875
11,389,399
6,022,900
income1349.
oper,
ry.
22
22,218,452
28,275.665
6,079,036
3,243.635
4,922,463
2,394,681
Railway
exps.____
ry. oper.
oper.
Net
from
rev.
Net
ry.
rev—
oper.
ry.
$15,904,593 $15,410,144 $44,968,888
9,631,148
8,278,393 27,288,482
6,273,445
7,131,751 17,680,406
$41,856,629
7,358,916
11,962,689
inc. after
oper.
4,695,365
2,801,242
taxes
—V.
Ry.—Earnings
Chicago St. Paul Minneapolis & Omaha
Net
ry.
$1,845,859
503,132
235,015
666,849
454,589
435,763
208,017
Jan.
6,878,690
1,660,444
6,312,373
1,603,054
5,282,842
847,990
998,807
336,598
4,265,616
716,606
42,321
Net
—V.
income
1551.
oper.
ry.
159, p.
1,024,920
The
1944, through
outstanding
105 and
Co., co¬
End. Mar. 31
profit from oper.
Gross
36,617
24,057
$5,431,306
441,606
$3,171,978
457,681
$4,085,593
$1,991,523
exps.
436,429
287,438
allowed.
discount
Cash
84,499
84,880
97,440
53.411
13,829
10,152
101
142,246
174,316
159,381
'
34,726
paid
Interest
Prov,
>
for depreciation-
149,436
143,552
Bronx.
Board.
Two
11,775,000
12,855,000
the
pounds of steam an hour, will furnish steam to operate
the steam will be exhausted into existing lowpressure turbines to produce additional electricity.
This double use
of steam from the high-pressure boilers will enable Hell Gate station
900,000
turbine, from which
produce an
Surplus
22,452
33,154
178,212
178,212
178,212
178,212
$538,419
_—
$349,172
$187,726
237,616
237,616
237,616
$3.01
$2.22
4- $1.5g
$1.98
-(Including excess profits tax. Hncludes Federal excess profits taxes
:(less post-war credit of $150,000), $1,343,000.
tlneludes Federal in¬
come and excess profits taxes (less post-war credit of $200,000)
and
renegotiation (estimated) of war contracts for 1944.
237,616
*
banks
in
Assets—Cash
Int.
Balance
and
Sheet, Mar.
31, 3944
hand, $7,151,489; U.
on
amortization of $8,306,353),
$4,317,142; prepaid insurance and taxes, $32,790; total, $33,227,223.
Liabilities—Notes payable, $5,000,000; current accounts payable and
payroll, $3,484,219; taxes, etc., accrued, $413,752; reserve for Federal
income and. excess profits taxes and renegotiation
of war contracts
(less U. S. Treasury tax notes of $4,276,800), $10,505,927; reserve for
post-war adjustments and war contingencies, $1,275,000; 5% cumula¬
tive preferred stock (par $100), $1,902,700; common stock (249,838 no
par
shares), $4,996,760; capital surplus, $417,115; earned surplus,
$5,527,575; stock held in treasury, $295,825; total, $33,227,233.—V. 158,
(less reserve for
p.
depreciation and special
2154.
*
income
Net
ry.
Net
1,657,555
income
oper.
ry.
—V.
514,994
$3,723,103
2,020,422
railway
railway
from
$1,246,337
716,654
598,695
$2,910,199
549,097
645,084
451,580
570,344
1,599,162
1,288,804
$2,740,565
1,654,217
1,439,095
Corp.—Larger Dividend—
declared a dividend of $5.60 per share on
the common stock, no par value, and the regular semi-annual dividend
of $3 per share on the class A1 stock, no par value, both payable July
1 to holders of record June 12.
This compares with $5.55 per share
paid on the common stock on April 1, last, $13.20 on Dec. 15, 1943,
and $5.55 each on April 1, July 1 and Oct. 1, 1943.—V. 159, p. 1037.
*
directors
on
May
Collyer Insulated
1
trial
in
the
corporation.
.
The corporatio nand its staff members are charged with conspiracy
to defraud the U. S. government in fulfillment of contracts to supply
158,
p.
1345.
March—
from
Net
from
Net
ry.
From
Gross
Net
ry.
1943
$157,374
66,808
1942
$148,557
67,535
77,840
23,144
1941
31,350
income—
'
$139,205
72,120
42,457
.
*
456,268
176.290
469,776
209,448
421,520
186,387
400,724
206,602
incmoe___
121,633
70,266
89,520
122,123
railway
oper.
159, p. 1349.
income..
6,181.990
1,026,68
358,42
2,762,822
1.974,441
1350.
159, p.
Salt Lake Ry.—Earnings-
Denver &
1942
1941
$271,252
$273,772
$178,346
$175,17-
58,016
83,905
35,664
35,741
78,048
Net
ry.
94,456
59,611
58,931
832,839
636,791
569,64:
railway
from
1—
Jan.
railway.—,.
178,765
income™.
159,
$237,597
*1,027,438
*858,258
$699,277
*238,290
income—
*1,111,423
*906,629
*337,588
694,256
*3,011,274
576,867
*2,818,590
990,922
*1,470,652
393,60
*1,376.14
*2,141,964
*2.677,690
*1,708,774
*2,396,32
railway—_
oper.
railway
from
...
income—
oper.
"Deficit.—V.
159,
1553.
p.
Duluth South Shore &
Corp.—$750,000 of Debentures Called
called for redemption as of June 1, 1944, a total
of $750,000 of outstanding 15-year convertible 3V2% sinking fund de¬
bentures due June 1, 1951, at 101
and interest. Paymenfwill be
made at the Chase National Bank of the City of New York, trustee,
11 Broad St., New York, N. Y.
The right to convert the called deben¬
tures will expire at the close of business on June 1,
1944.—V. 159,
railway—
from
railway
Net
from
Net
ry, oper.
Gross
1,105,859
297,375
548.
.
..
Consolidation Coal Co., Inc.
,
East Coast
Public Service Co. (&
(& Subs.)—Earnings—
March 31—
public, including coal produced
purchased, etc.
—
income from other operating sources:
Quarter Ended
1944
"1943
$10,621,258
.
royalties
—._
...
replacements and
renew.,
than
other
income
43.992
767,122
$9,684,577
10,412,201
$863,043
$1,187,291
181,055
78,00f
110,295
32,88
»;'/i *
Subs.)—Earnings-
on
12 Mo. End
Mar. 31,
'4-
$773,72-
$158,839
26,966
60,129
55,617
13,067
37,296
90, oi:
27,840:
27,775
120,43:
•129,71:
4
262,54:
;
12,762
55,551
Dr$ 1,576
$115,47-
360
305
1,961
$31,302
Dr$l,271
16,738
20,044
$117,44'
68,14.
22
54'
.
funded debt
on
Interest
568,61
836,123
14,177
income
Interest
17,971
$30,942
taxes
...
income
8,497,287
65.327
income
Operating
Gross
$11,275,244
—
_
retirements
Other
588,659
:—
.
power
expenses
$8,873,463
Sales of coal to
36,36
,
31,946
Maintenance
Taxes
$211,12
$178,101
Operating revenues
for
30,693
3 Mos. End. Mar. 31
1943
1944
Purchased
t,
60,917
104,439
income—
1446.
''
Period—
Prov.
$288,933,
911,241
182,223
209,873
railwaty
Net ry. oper.
—V. 159, p.
Operating
1941
1942
1943
$354,145
106,514
77,527
1—
railway.—
from
from
Net
77,003
income—
Jan.
From
Atlantic Ry.- -Earnings-
1944
$377,388
106,948
March—
Gross
$152,51
*464,7"
*797,58
1—
railway
from
ry.
1941
1942
$325,971
railway..—_
from
Net
-Earnings—
1943
From January
Net
219,081
1944
from
ry,
155,46(
255,108
Range Ry.
Duluth Missabe & Iron
Net
190,624
312,908
.
1445.
p.
March—
Gross
276,405
240,035
oper.
ry.
830,406
raliway
from
from
—V.
income—
oper.
From
Net
railway.—
from
Net
1943
1944
March—
Gross
been
have
Other
sources
—
.
Total
Oper.
-
expenses,
taxes, insurance
&. royalties—
from
Earnings
operations..
Other income
-
-
32,216
43,887
Balance
unfunded
...
20
debt—
.
Dr$21,337
$14,543
surplus
Consolidated
Balance Sheet, March
$48,74
31, 1944
including organization ex
between net book value o
and the amount at whic"
such
of company), $1,399,003;
balance
(not to be considered as representing cost or present davalues), $2,439,117; total special funds, $128,913; cash, $213,097; tem
porary cash investments, $15,000; notes receivable
(merchandise con.
tracts), $47; accounts receivable, $48,360; interest and dividends re
ceivable, $11; materials and supplies, at average cost, $49,287; prepay
ments,
insurance, taxes, etc., $2,510; other current assets, $1,657
Assets—Property,
pense
plant
and
equipment,
and other intangibles (less difference
of subsidiaries at March 1, 1934,
securities are carried on the books
securities
...
Federal income taxes &
for
Net
Earnings
"No
shares
.
share
per
excess
profits tax.—V.
159, p.
semi-annual
The
interest
247,245
59,440
$420,067
338,434
$0.84
414,331
*250,064
surtaxes
income
Outstanding common
$1,219,506
78,424
223,172
55,544
338,434
$0.75
——_~
Depletion
Prov.
—
-
...
$906,930
228
$377,922
income
Depreciation
1758.
Liabilities—Total
liabilities,
Inc.—Interest—To Call Debs.
tal
of 2V2% on "stamped" 15-year con¬
due Aug. 27, 1953, has been authorized
payment on May 15, 1944, to registered holders of such debentures
of record May 5,
1944.
Such interest will amount to $22.66 Vh on
each
$906.60
reduced principal amount of dPbentures or $11.33V*
on each $453.30 reduced principal amount of debentures.
-The Committee on Security Rulings of the New York Curb Exchange
that said debentures be
payment on May 4, 1944.
quoted "ex" the above
The Committee further
debentures shall continue to be dealt in "flat" and in
units of $453.30 reduced principal amount on the basis of a percentage
of the unredeemed principal amount of the debentures.
It was also announced on April 28; that a record will be taken at the
close of business on May 5, 1944,' of holders of 15-year convertible
5%
income
the
for
debentures
due Aug. 27,
1953.
(stamped 9.34% redeemed)
of drawing $199,996 principal amount of said
redemption on June 9, 1944, at the reduced face value
purpose
tures for
deben¬
thereof,
accrued interest to the redemotion date.
The principal amount
debentures to be redeemed will be chosen by lot in units of $45.33,
plus
of
the
stock
Jan.
1,
term
debt,
$1,718,028;
current and accrue
Colony Trust
Eastern
Called-
July 1, 1944,
bonds, series
at 104 and interest.
Payment will be made at
Co., trustee, 45 Milk St., Boston, Mass.—Vv 159,
has called for redemption as of
4J/2% refunding morgtage
outstanding
1948,
$465,331; cap!
capital surplus
$2,912,268.—V. 158, p. 1824.
Massachusetts Street Ry.—Bonds
Eastern
its
total, $2,912,268.
$104,248; deferred credits, $24,978; reserves,
$1), $30,000; earned surplus, $256,164;
The company
of
long
(par
$313,519; total,
for
that
debits, $14,268;
deferred
income debentures,
vertible 5%
April 28 ruled
referred to interest
railway—...
from
$6,102,565
Consolidated Oil
There
rules
1944
$152,242
53,998
1—•
Jan.
from
—V.
railway
railway.
oper.
Net
$6,339,382
provision for excess
1942.—V. 159, p. 1445.
on
Colorado & Wyoming Ry.—EarningsGross
$1,695,600
provision
Consolidated Textile Co.,
United
the
wire.—V.
2,416,205
1,706,067
on'ihcome. "The'three months of 1943
not finally required for the year.
profits tax was finally necessary for 1943 or
'
:
V.
Wire Co.—Trial Postponed—
States District Court at Providence, R. I.
of this company and eight of its officials and key employees, which
was scheduled
to begin on April 24, has been postponed until May 3,
due to the illness of Attorney Daniel H. Morrissey, Chief Counsel for
The
33,343
743,691
2,396,089
$1.17
share.
contingency
a
Interest
The
___
No
p.
$2,205,485
401,000
176,562
9,396,613
railway..:
oper.
ry.
Gross
taxes, including-taxes
mated
include
Total
159, p. 1551.
Coca-Cola International
Net
16,040,543
6,811,593
3,944,662
railway-
from
from
Net
1,061,454
799,916
1—
From January
Gross
$3,386,273
16,851,817
5,423,710
3,085,816
income..
oper.
$5,907,792
2,646,454
1,514,635
1,009,983
$3,381,374
1,907,804
1,557,454
834,905
$9,479,162 $10,224,837
1—
Jan.
from
Gross
637,472
income—
oper.
From
1941
:
$1.18
$4.33
$4.13
"■The company may be subject to the Federal "Renegotiation Act."
It is unable to say what, if any, will be the result for the periods
shown about of any proceedings under that Act.
fProvision for esti¬
Coal
1942
$981,982
1943
$1,239,524
railway—
from
Net
Net
railway.—
from
Gross
601,729
$1,688,295
643,976
$2,330,672
596,545
42,432
_______
com.
per
and
Clinchfield RR.- -Earnings—
1944
ry.
railway-—_
from
Net
$6,010,397
1,943,205
1,092,438
railway—
$9,389,932
of prem.
income
Gross
March—
$2,327,273
1
154,023
deductions
*Net
S. Government
accounts receivable (net), $7,602,268; inventories,
assets, $1,060,301; land, buildings, machinery, etc.
other
$8,835,186
$2,176,649
$2,164,456
__
bonds
Other
.securities, $4,500,000;
$8,563,235;
—_
162,817
amort,
&
on
Earns*
common
Consolidated
Net
1941
1942
1943
1944
from
Gross
-Earnings—
Grande Western RR.
Denver & Rio
Net
$293,826
out¬
standing (no par)___
Earnings per share
of
Shares
$505,192
$388,390
22,407
1933, to The Charleston
1,
Gross
Light & Power Co. of Bal¬
timore (& Subs.)—Earnings—
Period End. Mar. 31—
1944—3 Mos.—1943
1944—12 Mos.—1943
"'Total oper. revenues.,: $14,500,334 $13,641,244 $52,414,529 $48,620,453
Operating expenses
8,568,050
6,966,326 31,177,967 25,302,944
Depreciation
1,537,302
1,454,593
5,609,068
4,616,640
tTaxes
2j230,526
3,043,676
6,792,308
9,310.937
t986,000
$549,791
dividends
Common
station net capacity
System capacity to
Consolidated Gas, Electric
Other income
22,408
dividends
corporation
the
Nov.
—V.
■
_
$739,039
profit
Net
six boilers sold to the Defense
in a Texas plant producing war
cash income
dated as of
National Bank, as trutee, securing its
general lien 6% income bonds, upon each coupon attached thereto
numbered 19, a sum equal to 1%% of the principal amount of the
bonds to which said coupons were attached, payable on and
after
May 1, 1944, upon presentation of said coupons at the office of the
trustee, in Charleston, W. Va.—V. 157, p. 1842.
'"
of
turbine now on
Gross
Preferred
Corp.—Interest Payment—
determined to pay, out of the net
as defined
in the trust agreement
have
March-
order will operate at 3,600 revolutions a minute.
Babcock & Wilcox high-pressure boilers, each with a capacity of
new
and first mortgage
directors
The
Edison Co. on April 27 announced that it had
a
65,000-kilowatt topping turbine from the General Electric
installation at its Hell Gate electric generating station in the
Priority for the purchase was granted by the War Production
The new unit, scheduled for operation in the Fall of-1945, will
for
Co.
1950,
Cumberland Gas
,
Consolidated
The
_
123,866
13,982,000
tax
income
;
the
1,
Sept. 1, 1955, have been called
the debentures at 101 and interest
due
Station—
Unit for Hell Gate
Operating income
amort, of def.
emergency facilities
Special
Federal
$1,967,466
57,666
selling
&
$4,048,976
$3,114,312
87,097
income
Total
Admin.
1941
$5,344,209
Miscellaneous income
debentures due
sinking fund 3%% bonds, series A,
for redemption as of June 1, 1944,
apd the bonds at 102 and interest.
Payment will be made-at'the Continental Illinois National Bank &
Trust Co., trustee, 231. So. La Salle St., Chicago, 111.
. , ,
Holders of the above-mentioned debentures and bonds may present
and surrender said securities at any time and receive the full redemp¬
tion price, plus accrued interest to June 1, 1944.—V. 159, p." 1758.
convertible sinking fund 4%
outstanding
of
All
Sept.
Net
1942
1943
1944
«
additional 126,000 kilowatts, bringing
to 615,000 kilowatts and total Consolidated Edison
2,602,000 kilowatts.—V. 159, p. 1757.
Equipment Co.—Earnings—
(Including Clark-Celfor Tool Corp.)
3 Mos.
159, p. 1757.
40';
Orders New
to
Clark
'
158, p. 887.
Co.—Calls Bonds & Debentures—
Cudahy Packing
of New York, Inc.—Output—
The company on May 3 announced that System output of electricity
(electricity generated and purchased)
for the week ended April 30,
1944, amounted to 197,800,000 kwh., compared with 171,700,000 kwh.
for the corresponding week of 1943, an increase of 15.2 %.
Local dis¬
tribution of electricity amounted to 197,600,000 kwh., compared with
169,100,000 kwh. for the corresponding week of last year, an increase
The
of the sinking fund, a total of $83,500 of its
1st mortgage sinking fund gold bonds due June 1, 1952, at
interest.
Payment will be made at. the New York Trust
trustee, 100 Broadway, New York,
N. Y.—V. 124, p. 2586.
Crowley, Milner & Co.—New Director—
succeeds Cloud L, Cray as a director.—V.
Elroy O. Jones
Consolidated Edison Co.
Called—
redemption as of June 1,
has called for
company
V
replace a low-pressure turbine and
Plant Corporation in 1942 for use
operation
■'
Arizona—14,920
Tiicker of Chi¬
stockholders'-proxies for its
Corp. and the Arizona
157, p. 2346.
Co.—V.
Chairman
Berryman,
B.
position "makes it safe
$6,000,000, even though it
for $1,015,050.
Arizona would solicit
consolidation with the Arizona Electric Power
cago
Power
,
of the Board, said the company's
to cut the bonded debt from $8,000,000
to
is low-cost money." He reported that
renegotiation irt 1942 resulted in a gross refund of $4,200,000, which
meant a net reduction in profit after taxes of $861,675* Renegotiation
for 1943, he said, had not begun,—V. 159, p. 1758.
John
would sell its interest in
preferred shares—to James C.
Utilities
shares and 200
materials.
Traction Co.—Bonds
City Light &
companies.
two other power
would not neces¬
pushing our pro¬
operated
we have
cash
Corp.—Merger—
The Corporation and its subsidiary,
the Arizona Power Corp. filed
April 26 with the Securities and Exchange Commission a joint appli¬
cation covering the sale of Arizona and its plan to consolidate with
ordered
1—
20,842,060 or 9.18%,—V.
increase of
an
pace with the decline in volume, as "in
turn out products required for the war
to
the economical level."
above
Commonwealth Utilities
282,938
54,905
railwayNet from railway—
duction
Corp.—Weekly Output—
The weekly kilowatt hour output of electric energy of subsidiaries
of this corporation adjusted to show
general business conditions of
territory served for the week ended April 27, 1944 amounted to 247,995,515 as compared with 227,153,455 for the corresponding week in
1943,
that net earnings after taxes
Collier reported
Mr.
sarily keep
8.2
10.7
8.7
10.3
'V'7 ■'v.-V''
quarter.
third
four
Southern
Commonwealth &
$1,490,803
from
—-
' ■'
1757.
p.
of 16.8%.
$2,220,639
income—
oper.
From
Gross
1941
$2,353,073
raliway
from
Net
railway-
from
1942
1943
1944
March—•
Gross
23,467,493
18,389,136
1653.
159, p.
—
8—
Commonwealth
Period End. Mar. 31—
Total
15—:
common
Island & Pacific RR.—Earnings1944—Month—1943
1944—3 Mos.—1943
Chicago Rock
com¬
% Inc.
170,515,000
170,951,000
174,621,000
171,292,000
184,458,000
189,212,000
,189,821,000
—• 188,898,000
—
_
159,
29,340,118
Ry.—Earnings-
North Western
Chicago &
2,665,828
29—
April
April
April
1943
1944
Week Ended—
38,194,259
51,209,478
21,462,242
13,573,712
54,806,211
17,556,020
7,616,924
Co.—Weekly Output—
output
April
4,^54,117
2,278,744
director.
The
quarter is expected to hold at the
current level, which is slightly below that of 1943 at this time, J, H.
Collier, President, stated on April 25 at the annual meeting.
He said
the company was prepared for a continued moderate decline in the
has been elected a
sales volume for the second
ended
period of
1942
1941
$13,223,498 $10,576,684
3,715,828
A ntLA 1 1 n
O 171K OOQ
Level-
Director—Sales Below 1943
Crane Co.—New
J. L. Holloway
of the Commonwealth Edison group of
panies, excluding sales to other electric utilities for the week
April 29, showed an 8.2 % increase over the corresponding
1943.
Following are the kilowatthour output totals of the past
weeks and percentage comparisons with last year:
•—V.
1—
From January
Gross
7,809,569
5,754,503
5,762,741
2,381,440
railway
from
Net
1943
$18,948,320 $18,216,814
riAi.'
n C>r\rs
.1
Net
Net
Commonwealth Edison
Electricity
Pacific RR.—Earnings-
1944
.
railway
from
_
,
2,769,223
1—
to
sent
Name—
Commercial Controls Corp.—New
National Postal Meter Co., Inc.', below.
for
be
redemption.
See
159, p. 1757.
Gross
__
185,816
1,252,929
income—
oper,
from
Net
216,368
3,257,258
railway———.
ry.
From
Gross
342,017
387,655
__
See Sylvania
$952,021
339,824
507,897
316,325
$971,149
$1,205,793
railway
from
Net
$1,228,073
railway—.
from
,
1942
1943
1944
March-
Gross
Corp.—Sale Negotiations On—
Electric Products, Inc., below.—V. 135, p. 3171.
Colonial Radio
Louisville Ry.—Earnings-1941
varying amounts of individual debentures will be called
Notice of the called amount of each debenture will
registered holders thereof on May 9, 1944.—V. 158, p. 2360.
that
so
Chicago Indianapolis &
Offices Inc.—Bond Issue
$750,00
A,
du
the Ol
p. 1759
Placed Privately
1st mortgage 15-year 4% bond
has been placed privately with the Equitable Life As
surance Society of the United States. Proceeds will b
used to refinance an existing 5% issue of bonds, calle
for payment June 1 next.
Bonds are dated June 1, 1944 with final maturity June 1, 1959.
semi-annual
(June-Dec.)
sinking fund of $100,000 is provided.
An issue
of $6,500,000
The
.
mortgage
new
Lexington
Braxton
The
of
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
Volume 159
the
covers
and
Avenue
fixed
through
Building at 420
Hammond, Harvey,
the
capital.
total
Graybar
30-story
placed
was
reserve
(3)
Co.
reserve
space
increased
was
depreciation
at
to
bringing
the
for
down from $176,-
written
were
estimated present value of $15,000.
to
294
$4,940,820,
31,
provide
(4) Investments of Sante Fe Land Co.
president,
by
Dec.
1943, to $8,203,027.
electric and gas plant
the amount of $6,643,740.
as
established
were
original cost adjustments in
Building contains more than a million square feet
and is owned by Eastern Offices, Inc., John R.
and
Hugh S. Robertson, vice-president.—V. 159,
Graybar
rentable
Todd,
The
for
Reserves
James P.
Bell,
director.—V.
Chairman of
General
Mills,
has been elected
Inc„
a
Florida
by
Wheeler
Services
Ebasco
the week
For
ended
this
Inc.—Weekly Output—
April 27,
companies
during
of other miscellaneous property were used by
to retire $807,000 Florida Public Service Co.
Also during the yeai Florida Public Service Co.
sale
Public Service Co.
$450,000 4l/2%
3V2%
$126,000
&
the
were sold by that company to Leedy,
total consideration of $805,000. The proceeds of
a
mortgage bonds.
redeemed
Power
Power
for
Co.,
and
sale
first
Service Co.,
Public
&
Florida
1944, the System inputs of client oper¬
of Ebasco Services, Inc., which are subsidiaries of
& Light Co., Electric Power & Light Corp. and Na¬
Light Co., as compared with the corresponding week
1943 were as follows:
ating
American
tional
period
since December, 1942, all of the water properties
with the exception of the plant at Winter Garden, which were owned
1249.
159, p.
the
In
loan
in
debentures
debentures.
amount
the
of
and the company paid
Florida
$31,097
Public
Service
at maturity
also
Co,
repaid its
Electrification Adminis¬
the Rural
to
tration.
—Thousands of Kilowatt-Hours-—
New
-—Increase1944
Operating subsidiaries of—
1943
American Power & Light Co
178,669
Electric Power & Light Corp.—
National Power & Light Co.—
91,623
163,371
84,898
106,727
89,428
The
not
above figures do not include
Percent
Amount
Immediately
159, p.
the
7.9
company through the
tures.
Application for
19.4
17.299
Feb.
1759.
24,
Empire Steel Corp.—Changes in Personnel—
;
;James
Henry
named
Hill
M.
A.
President
made
Vice
been
has
Roemer,
elected
Vice
and
Roy
Assistant
I.
Samuel
Henkel,
in
of
in
William
has
to
been
Magid
has
resigned.—V.
been
159,
elected
board,
has
has
been
C.
and
Assistant
Secretary
in
to ;
Trasurer,
bonds
Secretary
of
H.
C.
has
called
for
$573,000 of first mortgage 4%
Issue
originally
totaled
redemption
July
the
1
remaining
bonds, due "Jan. 1", 1952, at 103V2. The
When this ret.rement is effected
52 Weeks Ended—
Net
,
of
Provision
for
Co:
Jan. 30,'43
$22,742,843
$20,925,956
20,659,621
19,598,908
229,293
—
The
used
redeem
Public
Profit
from
amortization
operations
Other income,
Total
Loss
sale
on
of
$1,853,929
as
result of
a
was
in
Power
of
properties and
garage
closed store——
.Federal
income
•Federal
taxes
to
the. SEC
It
r
is
•Previous
earned
Total
;
_
iCash dividends
with
the
acquisition
Co.
"
.
'
•
preferred stock
tr.
8.
and
Jan. 29,
savings bonds
Notes,
conditional
receivable
Prepaid
contracts
credit
of
claims,
deferred
and
investments,
Total
taxes—
.".
284,377
depreciation.—7 /846,079
190,171
215,920
828,750
814,977
$1,993,448
42,790
$1,814,738
14,487
$1,832,110
27,441
$2,036,238
$1,829,225
140,087
etc.-::—
136,467
15,752
—
trade-marks,
earnings
from
income
inc.
_
taxes)
operations—
(net)
——_
expense.
and
,
amortization
of
Sheet,
debt
discount and
expense.
v.'V
■
uncollectible
accounts
receivable,
Accrued'salaries
Accrued
real
and
est.
wages
*
v.".
and
380.479
—
personal
(par
preferred
$100),
stock
$2,876,200;
^ng-term debt, payable within 1
Dividend
Long-term
year
preferred stocks——
on
debt
502,174
:
171,370
declared
preferred
stock, $111,062: other current and accrued
liabilities, $7,088; deferred credits, $211,938; reserves (net), $15,044,043;
15,014
60,900
—
!
382,586
398,211
———____361,500
accumulative preferred stock (par $100)
3,480,000
208,500
—
Reserves
7'U
—_
aid
of.
construction
(non-refundable), $75,425;
/surplus, $1,167,519; total. $48,018,511.—'V. 159, p. 1039.
Common stock
Paid-in
(372,100
no
shares)——T
par
capital
surplus——
surplus.
.
Earned
5,085,357
277,448
277,448
1,695,434
_.
Years Ended Dec.
Total
' v.:
31—
rents
$870,887
$720,054
———————$13,408,271 $12,575,735
-
of
if
of
Flintkote Co.—Rights 4o
The
is
company
|to subscribe,
shares
of
stock
for each
of
three
business
.
shares
of
•i
549,248
474,375
A
of
group
holders
the
of
2,
price
rate
of
$15
Net
in
share,
Other
10,101
$272,474
-
$205,747
$112,276
33,665
22,762
26,357
$306,139
income
$228,509
$138,633
-
will
held
of
such
record
of
Income/1—
Miscellaneous deductions from
Fixed
charges-
-
•:
inc..
105,180
27,591
25,748
261,671
deficit
158,717
156,355
,'.;.
Condensed
i
\
for
such
frac¬
Cash
and
May
on
underwriters,
12,
1944.
headed
but
fractional
:
by
-
Lehman
bid.
to purchase the unsubscribed shares.
Terms of re-offering by
jwriters will be announced later.—-V.-. 159, p. 1760.
• •
under-
Brothers,
Net
balance
Materials
it
from
:y'
1944
of
(a)
jNet ry, oper. income—_
1942
$3,217,994
1,784,793
1,545,032
455,521
747,714
1,015,351
:
620,422
413,594
assets
on.
f"om
,9.593.032
8,847,241
4,521,466
4.765,683
4,746,705
1.686,974
2,513,328
2,739,241
1,297,7731,136,246
4,098,35"5
'
1,630,551
Application
Ito permit the
and
issued
Jan.
-ntries
its
14,
being
ing
the
made
the
Securities
Florida
into
as
with
merger
of
Public
Florida
permitting
the
1944,
to
Dec.
Service
became
legally
issued
to
(no
General
par)
Gas
&
common
effective,
the
all
merger,
accounting
-
the
"
"
company
has
or
sold
not
and
Sanford
Gas
Co.
to
(parent
company L
value'of
Co.
General
$2.25
and
Gas
the
&
open
Electric,
Corp.
(2)
bid
provision
was
made
for
reserve
for
of
the
the highest bidder.
The successful bidder shall
days from, and after May 31, 1944, in which to
the remainder of the purchase price
60
of
the
31,
its
(and
the
successful
at the time of its accept¬
company
will warrant
bidder
and
that
agree)
1944,
except for a dividend of $1.50 per share
to stockholders of record on April 27, 1944, it
1944,
until the closing of such purchase it will not pay any
make any distribution of any kind upon its capital stock
in any transaction otherwise than in the ordinary conduct of
or
business,
and
(b)
the
will convey, assign and deliver to
closing of such purchase, good and
and assets of the company, such
property to be operated for the account of the purchaser after May 31,
such
bidder
the
at
merchantable
title
company
time
of
the
to
the
property
1944.
Last
year, the company paid dividends of 25
1 and July 31.—V. 158, p. 1557.
May
Quarters Ended March 31—
*Net
income
each
cents
Feb.
on
1,
•After
taxes.-
1944
1942
$639,764
$549,611
$0.75
$0.80
share—_
common
all
'
1943
' $601,426
——
Earnings per
charges,
depreciation,
including
depletion
Note—The
above
earnings
$89,397, or 11
1943,
and
for
1944
cents
include
share;
a
the
as
company's portion
earnings.—V. 158, p. 1936.
of
$0.69
and
Federal
•
•
.
Fuller Manufacturing
$64,300,
$70,865,
cents
8
or
9
or
Cuban-American
a
in
cents,
Manganese
Co.—Earnings—
Comparative Income Statement for Years Ended Nov.
^._.—
Net
sales
Cost
of
Audited
Selling,
Other
43,817
charges
for
—
taxes
for
Balance,
Earns,
39,667
24,612
1,325,696
1,392,000
170,000
.
120.000
—
surplus
'
post-war refund of
$20,000 in 1942.
U.
S.
Balance
Sheet,
Nov
30
.
1943
banks
and
Treasury
Customers'
notes
notes
and
accounts
Govt,—post-war
tax
i:
stocks
Property,
value
of
life
902,950
•505,965
579,847
947,333
147,800
20,000
ex¬
—
94,094
85.436
1,531
975,953
971,676
22,880
22,880
47,026
46,950
insurance——^
(net)—
estate.
— ___—
Prepaid expenses
Patents
of
_!
plant and equipment
real
refund
—
surrender
Other
$553,804
854,176
S.
cess-profits
Cash
receivable.:—!—
^
U.
from
—u.—
1942
$413,218
1,604,635
hand—
on
Inventories
Due
$1.53
:
profits tax of $127,800 in 1943 and
excess
Assets—
in
134,075
148,654
$1.05
-A—»
—
•After
Cash
$453,917
$311,398
share
per
—:
1,531
1
1.
$4,667,279
$4,132,403
$279,622
$215,100
254 T) 19
210,591
;___
,
Total
—
Liabilities—
Accounts
payable
Accrued
Dividends
payable
for
Prov.
for
Capital
(trade)
advances
—
contract
on
14,582
——
salaries, wages and other expenses-—
&
stock
Wise,
(par
Capital
:
1
—
taxes
365,500
$1)—
120,000
1,454,000
income——.
on
1,412,000
295,800
296,445
surplus
surplus
1,494
1,153
—
contingencies
Fed.
496,719
:
497.364
1,528,221
—
Total
1,365,477
$4,132,408
$4,667,279
deducting reserve for bad debts of $6,485.—V. 159,
(Robert) Gair Co., Inc.
7.
p.
(& Subs.)—Earnings—
sales
to
1942
1943
1944
Quarters Ended March 3L—
Net
(U.S.)—.
$6,561,440
$5,936,367
$7,350,217
—
832,395
639,772
1,443,076
205,208
198,469
193,575
9,750
9,750
9,750
operations—__
$671,439
$431,553
$1,238,251
Co., Canada, Ltd.—
49,895
51,431
75,936
$667,334
$482,984
$1,314,187
customers
Profit
21,878
Provision
13,273
Int.
64,734
Divs.
for depreciation—
bondls of sub
on
pfd.
on
Profit
11,096
15,195
•Profit of
$4,735,342
$3,000,000
6,143,000
6,143.000
pavgble.^
default..
30.^45,
——
36.875'
stock of sub.
1,500
co
from
Total
U.
Gair
S.
—__—
for
int.
on
income
56,743
notes...
and
wage3-
payable:-—.^——J—
matured, unpaid
:
;
•_
interest
rents
7.031
default:..:..!
liabilities.:
67,978
65,785
beginning
—
6.566.7Q0
6,594.897
Br57,982
38,108
$5,024,261
year)
tEarns.
93,000
*
•
177,400
799,000
$133,591
$154,199
$354,208
55,918
55,918
55,918
$77,673
profits tax
div,
period
for period-,——_—
for
stock-
com.
$98,281
$298,291
share—.
per
$0,086
$0,263
•After
provision for pominion texes, expressed in U. S. dollars
official rate of exchange,
ton 1,132,822 shares outstanding.
$4,735,342
The
Notes—(1)
are
the
with
the
taxes
ance
(2)
in
the
provisions
estimated
Revenue
for
amounts
profits
its
of
Federal
of
such
income
taxes
and
excess
computed
in
at
profits
accord¬
Act.
The earnings of Gair Co.
the
and
'
(fiscal
the
for
Profit avail,
6.423
27,250
year
(deficit)...
surplus
12.344
159,890
4.272
fiscal
Profit
1,355,175
27,250-
of
85,600
396,400
$0,069
excess
1,058
12.°44
credits..!
to
33.467
195,911
(equipment)—
fund- reserves..—I—
surplus
28.868
1,583,912
.
7,031
47.062
5,296
accrued
liability.
unadjusted
77,633
77,°04
.
—
Federal
Preferred
43,678
40.067
accrued
depreciation
36,875
328,194
71,361
oayablei—::
for
Prov.
*
80,600
Prov* for Ftderal income tax—J.
30.''45
355,502
accounts
interest in
•
—
contingencies
11,314
...
in
accounts
Corporate
$1,990,529
_
income.:
on
26,963
$1,846,761
income
Dividends
Prov.
deferred
Finking
630,800
$1,963,566
income
Total
58.152
....
Matured
Ot^er
731,689
.
tax
Accrued
5,655,923
$1,802,944
$3,000,000
:
Accrued
Other
$8,250,289
6,501,520
'
administrative and general expenses—_
11,315
bills
,
1942
$9,036,153
——
sales
52,238
•
Miscellaneous
80
1943
10,172
......
Total
—V,
...
159, p. 1656,
.
Canada, Ltd., do not include its eauity
the Dominion Envelope & Cartons (Western), Ltd.,
No ,provision has been made for dividend tax on
subsidiary.
foregoing
undistributed
profit
of
Gair Co,
Canada,
Ltd.—V.
159,
1147.
p.
depreciation
of
General Foods Co**o.
Secondary Offering—Blyth &
April 21, offered 2 5n0 share* of common
stock (no oar) as a secondary distribution. The price was
Co..
Ford Motor Co.
of Canada, Ltd.-
Henrv Ford II has been
Adequate
vote
agreement, the
stated
Gas
the
and
58,325
share, in exchange for all of the common-stocks of Florida Power
"orp., Florida Public Service Co.
account indebtedness of Sanford
to
of
March
engage
~VT,V0
an4 car-service balances (Cr)_—...A
Corporate
follows:
as
merger
a
and
important account¬
were
Corp.
with
Co.
1943, the
«
of
Electric
stock
Gas
1,
consummated,
companies which were merged made some
3,000,000 shares
Sanford
On Sept.
be
593
—
debt
de^t
and
Traffic
Unmatured
Commission
1943.
the-consummation
the most important of which
In accordance with the provisions of the
companv
Co.,
-
to
merger
8,296
conductors..
debt
TTnma+ured
Exchange
Power Corp.
this
31,
and
adjustments,
(1)
per
Co.
order
Simultaneously
and
of
merger
Sante Fe Land
SEC
on
made
was
agents &
receivable
stock
Funded
Interest
Florida Power Corp.—Annual Report—
of
then
the
dividends
308,721
(Z)r)__„.
:
funded
Liabilities—Capital
T oans
railway—
irom railway——.
(Net ry. oper. income
|-V. 159, p, 1760.
iNet
affirmative
stock
com¬
be
after
$5,024,261
Long-term
From January 1—
(Gross
balances
1941
$1,411,56^
<
579,583
$1,721,025
of
company
payable oh May 1,
$4,233,186
8,296
Total
1943
railway—$3,284,074
railway
the
by
shares
an
1942
604,340
....
supplies__i.j._.__—
Unadjusted debits
from
the
any¬
and assets
amount at least equal
will then act upon the proposed
authorized
of
for such properties
bid
check in
stockholders
be
60%
being expressly agreed
ance
31,988
$4,250,749
from
accounts
Deferred
Florida East Coast Ry.—Earnings—
March—
a
by
31
.
receiv.
and
Discount
-
The
sale
least
period
•After
Sheet, Dec.
i".
car-service
Miscellaneous
.
agreed
Gross
Balance
—.1—:
Traffic
issued,
if accompanied
successful bidder at the' closing of such purchase will receive
the property and assets of the
company as they existed at the close of
business on March 31, 1944,
subject only to such changes therein as
may result from the ordinary conduct of the business of the company,
;
deposits .1
be
any
$43,470
32,489
36,021
\*
1943
investments
Special
will
has
!Net
'
Assets—
Total
share-
stock
*$42,201
$60,712r-
—_
—
(deprec.).^
No
rights to subscribe
subscription warrants.
—
""Profit. /;• ; /.
the
at
as
;1
—
Denrec: and retirements
237,902
common
The
transferable
rights
$2,700,000 will be considered In
presented to the special meeting of the
a.m.
(CWT) on May 31, 1944, at 141
10
cash.
Prov.
'
Total
•-
to
at
The
32,938
7,476
railway operating income-
Net
stock
common
per
share
one
stock
common
1944.
its
of
of
(CWT)
a.m.
complete such purchase and pay
Customers'
Stockholders—
the
10
403,923
32,456
11,962
(debit).—..
may be combined to permit subscription for one
The subscription warrants will expire at 3 p.m.
shares.
(Eastern War Time
at
May
by
common
jsubscription warrants
jor more full
to
shares
on
evidenced
are
tional
stock
common
close
.stock
offering
the. subscription
at
to
up
outstanding, all of such properties and assets of the
and
a
held
such
at
Earned
,
111.,
Boulevard, Chicago 4, 111., at which time and place
the
and
issued
$559,238
1,476,892
159, p. 108.
3,
1941
expenses..—.—
Railway- operating
.Net
1942
revenu.es..
operating
1943
37,203
Railway
v
-v.
capital
Fonda, Johnstown & Gloversville RR.—Annual Report
.
5,08^,357
__
lO'/c
sale,
Other
3,480,000
„
to
holders
less than
bids will be
be
company
on
contributions in
46,761
15,626
—
the
(par $50),
common
277,034
442,671-v
taxes, etc.
prop,
jReserve for Federal income taxes—
to
Comparative
cumulative
preferred
$808,345
'
Chicago
St.,
present for consideration
may
of
*Prov.
,
$1,054,901
amount
an
West Jackson
one
Prov.
$297,000; 1%
stock (3,000,000
shares.), $6,750,000 long-term debt,
$20,102,637;
long-term
debt maturing within one, year, $134,658;
accounts payable, $80,204;
customers' deposits, $535,017; Federal income taxes accrued, $284,377;
general taxes accrued, $171,174; interest accrued, $170,169; dividends
1
$13,408,271 $12,575,735 >
Accounts payable:———„„———
in
capital, $44,383,067; investments (net), $167,269; cash,
for
reserve
cumulative
6,405,123
-
1
by
Monroe
All of such
Other
Dec. 31, 1943
\no /par
H
*
_
V.//>
...
49,318
,; t
6,039,228
etc.—
received
West
stockholders
$1,859,551
for
Liabilities—1%
—.
charges
—————————,
Liabilities—
1,159,290
3,693,166
64,000
event.
1941
$70,303), $537,970:
receivables from
associated
companies, $61,896; materials and",' sup¬
plies, at averaec cost, $422,792; prepayments, $50,964; deferred debits,
$1,313,412; total, $48,018,511.
$1,044,909
V - 87,461
888,744
bid
Corp.
'
1942
585,856
536.500
(less
'44 Jan. 30, '43
3,438,341
..
—J——
trade-names,
'
'
1943
590,625
Assels—Fixed
accounts
——
profits tax—!.:——
excess
Years
508.043
$1,476,892
1,148,641
——
assets.——
Goodwill,
and
———_
—
expenses
Sundry
Fixed
sales
stamps—————-,
(net)
Inventories
Post-war
and
its
535,071
Fed.
•Before interest
$1,673,477
No
Georgia
$733,700; U. S. Treasury certificates Of indebtedness (quoted market
7 value $325,272), $325,0001 special deposits, $22,439; accounts receiyable
hand
on
of
576,159
than
(other
•°Net earnings and
-
banks
in
stock
the
amend
will
company
of
for Calendar
934,828
Sheet
•
be
111
share;
...
——1
__1:
$1,476,892
$1,695,434
will
3,461.230
Net
>.
announced that the company
it of its property and assets,
will and its corporate franchises.
Such
the company at the office of Chapman and
$7 446,593
Other
•After deducting post-war credit of $64,000.
Cash
Florida
3,394,774
Balance
^
•
the
of
$7,327,101
365,400
Balance, surplus end of year
Assets—•'•'
merger
■
-
on May 1
purchase from
the
May 31, 1944.
the
4,275,864
150,000
$2,060,834
Balance
to
addition
Federar income
$542,063
1,476,891
—
_
Comparative
in
$8,510,998
1
$583,942
,
'
■
Taxes
510,182
150,000
surplus
on
been
bonds
Operating expenses
_
480,000
;
bonds
had
mortgage
for
(Including Florida Public Service Co. and Sanford Gas Co.)
630,000
surplus
mortgage
of
the
Provision
106,107
_
tax
surplus—
of
bids
whole, Including its good
Freeport Sulphur Co.—Earnings-
application for
contemplated that the
now
Light
Maintenance
.
earned
price
which
first
provided,
the
from
connection
and
•
expenses
,
Balance,
first
Co.,
the
were
a
sale
the
Stock Yards Co.—Proposed Sale of
President,
'
$1,950,050 "$1,202,246
! Appropriation for possible post-war adjustments
j
\
i
the
at
Co.
(Tex.)
Donovan,
receive
a
1942,
/ 108.020
—
profits
excess
&
par
Operating revenues
1
—
as
this
application
segregated
companies.
'Plans
will
Proposed Acquisition
original
$1,094,225
96,121
net——:—J
income
bonds
mortgage
from
Service
and
Co. "*at
Insurance
Peabody
merger,
Summary of Earnings
i
Life
proceeds
to
the
program
232,852
—_
—
depreciation and
Kidder,
Florida
with
..
The
Jan. 29,'44
.
sold
goods
Mutual
refunding
and $16,500,000 3%%
$4,000,000 serial deben¬
$16,500,0001 first
by
were
of
connection
The
meergev above reierred to, for the acquisition of Georgia Power and
Light Co. by stock ownership.
At the request of the applicants, how¬
ever, that part of the proceeding relating to Georgia Power and Light
v
sales,.—.
the
interest.
debentures
a
$2,000,000.
Comparative Statement of Income
I Cost
and
headed
accrued
its
debentures
1974.
Hancock
debentures
in
1,
the funds
in fixed
refinancing, including net adjustments for
amortization of debt
discount and
expense,
and premium on bonds,
amount to approximately $162,400 annually.
•
•' :
(The) Fair, Chicago—Earnings—
!
on
and serial debentures of the company; and to provide in part
for future
construction
expenditures.
The savings
company will be without funded debt.—V. 158, p. 1824.
(
issued
was
needed
Emporium Capwell Co., San Francisco—Calls Bonds—
corporation
John
to
and
charges,
The
transactions
completed
serial
Jan.
serial
and
these
company
3l/4%
due
interest
and
assumed
place
approving
the
1944,
syndicate
a
103.7799
1249.
p.
accrued
sold
v
'
order
bonds
sold
were
and
Henkel, .has
issuance of new first mortgage bonds and deben¬
the issuance of these securities was made to the
$4,000,000
mortgage
tures
been
Lake
H.
director
a
succeeding
Jr.,
Oliver
named
''"'/
Treasurer.
E.
the
operations,
addition
Controller,
of
Montgomery,
B.
Hull.
Mr.
charge
President,
Mitchell,
Chairman
Joseph
succeed
to
President
and
elected
been
resigned.
■
29,
issued
first
final
of
1944.
Feb.
On
and
-
■
the
and
the properties was consummated,
simplify the financial structure of the
to
G.
pany
have
Financing
merger
plans
made
company
SEC
*
a
the
9.4
15.298
*•'6,125'
the system inputs of any companies
appearing in both periods.—V.
after
A.
Cutler,
Financial
Eastman Kodak Co.—New Director—
Fort Worth
Properties—Pays $1.50 Dividend—
bids
1553.
p.
1861
who also
has resigned
as
electM
a
■New Director—
director to
succe^
c.
Vice-President.—V. 157, p. 1649.
I.
Sorensen,
Inc.,
$413/o. with
V.
—
on
a
discount to dealers of 50 cents
159, p. 1760.
a
share.-^-
'
of
1944
basis of
of
materials
war
by
the
quarter
of
the
and
1943
Due to
1943
1943
First Quarter
Fourth Quarter
First Quarter
$1,048,456,895
81,814,508
$1,021,403,845
75,040,477
$765,525,835
48,004,112
Deliveries—
.War material products
Other
products
.
Total
net
those
$12 000,000
'
either
directly
§U.
of 1943," Mr. Sloan reported.
measured in dollar value were at a
part of 1943.
latter
in
will
required
deducted
There has been
76,051,805
76,051,805
16,181,413
16,035.853
13,083 213
18,151,402
18,230,828
1,973,414
"■J. 1,888,613
''■'1,888,613
133,564,400
183,564,400
183,564,400
441,043,400,
34,841,168
435,000,000
614,859,270
570,449.397
the
three years
past
*
')
441,043,400
34,841,168
of
account
others
under
of. special
exact
to
amount
of
■
by
Net
at March 31, 1944, amounted to $832,764,526.
$829,238,233 at Dec. 31, 1943, and - $691,532,683
This compares with
at March 31, 1943.
■
United
Cash- and
•
,
T.
securities
Government
States
payable on account of
totaled $351,295,344 at, March 31, 1944.
refund
gotiation
receivable
Accounts
4
compared
March
amounted
to
$525,113,622 at
At March 31,
with
March
at
31,
1943
ry.
;
$7,051,23'.
3,088,540
1,628,61!
5,327,426
_
4,694,215
1,861,788
2,040,423
1,224,503
44.366,090
37,829,280
27,901,650
13,150,947
11,411,490
7,478,573
4,861,694
5,125,900
3,292,111
_
739,41C
1—
Jan.
from
railway—_
Net from railway
Net ry. oper. income—
—V.
1941
1942
$16,351,037 $14,022,012 $10,097,440
_
income—,
oper.
From
Gross
■
1943'
1944
railwayrailway-——
from
Net
159, p.
18.855,91;
3,258,63.
809,84:
1353,
i
.■■■•
r
at
Great Western Sugar Co.
1942
1943
1944
$34,519,280 $41,426,558 $35,366,71'
sales
sugar
l'r
(& Subs.)— Earnings—
Years Ended Feb. 28—
Net
;
,
31,
J
at:» March
$500,529,979
Dec.
f
.
and
1943,
.i
receivables
1944,
who recently resignd.—V.
sales
Ry.
oper.
Total
Ry.
'
oper.
$170,409
expenses——-
\
$603,772
467,489
375,079
163,806
Net
n
accruals,
tax
Ry.
$36,660
$43,883
4,722
reg.__
$96,981
$136,283
4,722
14,166
,
t
for
2,968
;
ing
■ft: 6,975
8,933
2,455
2,967
2,266
8,300
$27,217
$104,884
Equipment rents, net, Dr
13,744
28,926
15.244
Joint facil. rents, net Dr
2,090
7,077
2,030
6,327
5,994
$17,391
$18,110
$69,631
604
Dr2,020
$48,273
54
$17,996
$16,090
4,123,218
$8,396:45
2,711,02"
f
450,000
i:$3,456,976
1,050,000
——3,600,000
'3,600,000
—
—
refund
provision
for
400,00(
$5,285,42
$4,544,151
1,050,000
1.050.00
3,600,'Cfo
'
deduct
profits taxes 'after
excess
of
profits taxes in
$69,511
ins.
$9,117,369
$143,000 in 1943 and a $1,500 provision fo
tNo excess profits tax.
JBefore adjust
ment" of prior years' Federal taxes under carry-back
provision-of, In
ternal Revenue Code amounting to $590,000.
6,438
$33,226
RR. unempl.
$8,337,75'
58,69:
___
__
$1,290,800
post-war
excess
Fed¬
tax, accruals,
eral
fnc. taxes
contingencies
dividends
^Includes
act '37
State
dividends
Common
58,611
$5,596,572
;
—
&
income
14,05.7
tax
eral RR. taxing
Ry.
income
Preferred
'!
Net# rev. from ry. oper.
at
against
$9,058,758
(net.)——
for Fed.
Provision
$472,060
133,750
$207,689
income
"Prov,
1944—3 MOS.—1943
1944—Month—1943
revenues—
sales
Other
27,028,96(
t2,139,595
expenses-
32,367,801
81,901
others
29,004,610
$5,514,671
and
,.
Georgia & Florida RR.—Earnings-
1944,
31,
$514,183,447
of
Net
succeeding
159,. p._ 1446.:,J
has been elected Treasurer,
Vice President,
Fouse,
Period Ended Mar. 31—
sales
production
war
E.
Spencer Shore,
1944,
the United
States Government included above amounted to $387,390,947, compared
with $408,065,154 at Dec. 31, 1943, and $406,649,711 at March 31, 1943.
Inventories at March 31, 1944, amounted to $543 816,891,. compared
with $564,411,464 at Dec. 31, 19*13, and $488,388,188 at March 31, 1943,
1943.
31,
Northern Ry.—Earnings—
from
General Tire & Rubber Co.—New Treasurer—
W.
.
amounted to $657,883,322, compared with $554,431,398 at Dec. 31. 1943,
and $370,939,613 at March 31,"1943.
Amounts due for United States
and foreign income and excess profits taxes and provision for rene-
,
$1,920;
notjbx$158,39?;
...
capital
working
for uncollectible receivables
reserve
stock (30,000 110 par shares), $2,050,000; pref¬
(7,500 no par shares), $750,000; long-term debt, $6,.
payable (including* $453 to associated companies),,
preference stock -dividend declared, " $13,125; customers' de
Great
Cost
'
(less
accounts
Net
•
corporation
the
receivable
March-
refunded,
held
$21,617,847
assets,
stock
Gross
March 31,
1944, for employees' war savings bond purchases, and taxes- withheld
under the Current Tax Payment Act of 1943, and the contra liabilities
therefor, are not included in the balance sheet.-—V. 159, p. 1761.
Note—Cash
other
and
accrued taxes, $106,764; accrued interest, $68,904; othe
liabilities, $18,923; deferred liabilities, $24,817; reserve' for
depreciation, $3,146,592; .contributions in aid of construction, $2,843,
'earned
surplus
(including post-war
refund
of
excess
profits »tax
amounting to $17,614), $1,996,783; total, $14,337,570.—V. 159, p. 8',.
It is impossible at present to deter¬
since discussions with the
be
Adjustment Board have not yet been concluded.
;
»
investments
posits, $3,306;
1944;.
the
mine
Price
Sheet, Dec, 31, 1943
$13,459,475;
current
in
$586,854,206
plant,
cash, $197,502; Dominion of Canada bonds, at cost, $175,000;
$10,512;
"
11,944,259
of $764,530. /Ex¬
cost-plus-a-fixed-
facilities)5of
war
$234 872
52,50p
90,000
52,500
150,000
■
Liabilities—Common
"l-After deductingcreserves'for depreciation
$47,605,971.
paid in the first quarter of 1944.
\yith the first quarter cf 1943, when a provision of
equivalent to $0.13 per share of common stock, was made
"
■■
this purpose.
dividends
dividends
145,000;
$571,974,384 in December, 1943, and $514,686,072 in
1943. /And in 1944 renegotiation refund payable on account
of 1943 war production sales.
At March 31, 1944, this account includes
the
amount provided in connection
with the renegotiation of war
material contracts for 1943, less the applicable portion of income taxes
the amount of $76,051,805
in
reserves
for doubtful receivables
for
amortization
(including
294,350
$212,252
receivable, $912;, materials and supplies,. priced at
ceeding cost, $21,225; prepayments, $9,655; deferred charges,
total, $14,337,570.
■,
/ v
$2,323,166,9.77 $2,26$ J18,.441 $2,025,333,081
___.
March,
March,
compared
as
$7,655,259,
for
•
620,614,421
held
$535,634
300,762
deductions—
and accounts
erence
■
—
($10 par)—
fee contracts of
the
purpose, in
other
19,677
$506,602
—
interest
pref.
subsid. .company
inventories
$515,957
_of $12,237), $116,605; receivables from associated companies,
(1,835,644 no par
deducting reserve
After
cludes
for post-war
up
14,891,231
<—
$464,381
.
42,220
Assets—Utility
notes
»
Total
contingencies.
No provision has been
first quarter of 1944, inasmuch as the
above amount was considered adequate in the light of present con¬
ditions.
Net income for the quarter has thus been favorably affected
set
this
and
$196,879;
foreign
in
—
Balance
[
provision of $34,307,000 during the quar-r,
a
with respect to 1943 operations is subject to'
review
and
acceptance by the War Department Price
Adjustment
Board.
Discussions with the Board as to the amount to be refunded
in connection with the overall renegotiation of war material contracts
for 1943 have not yet been concluded.
for
__
surplus
surplus
Capital
sponding provision made
been
to
interest
Earned
renegotiation, of war material contracts applicable to sales for the
The amount of this provision is in accordance with the profit
^limitation policy adopted by the corporaton.
It'should be noted that
'the basis lor this provision for the first quarter as well as the corre¬
During
—
miscell.:
stock
'75,766
120,286
',•
'
'Less post-war refund credits of $5,978 for 1943 and $11,636 for 1942.
48,240,218
Common
87,753
—
income
.Common
contingencies &
of
'
.___
income—
7,066.878
shares)
period.
have
Net
6,395,174
stock
47,226
62,016
tax__
income
Preferred
5,423,808
Pfd. stock
•
made
40,103,213
'6,612,879
Minority
,
other adjustments which may arise in connection with
ter for price and
47,108,218
General
v'X,
•<;
48,711,404
subsidiaries
number of common shares outstanding during the period.
For
the corresponding quarter of 1943 net income available for the common
stock
amounted
to
$30,779,476,
equivalent to $0.71 per share of
stock.
T,388,318
and
__
Allocable
average
common
.4,419,379
3,901,878
Conting., &
65,77'4
305,005
47,608
.Other ■ income.
•Interest
5,312,967
Post-war
:
85,031
profits)— '
excess
in
—_—
rehabilitation
after providing for taxes in the amount of $71,081,000
first quarter of 1944, amounted to $41,060,455, compared with
$33,074,031 for the same quarter a year ago.
After paying regular
dividends of $2,294,555 on the $5 series preferred stock there remained
•in
the
quarter
under review
net income of $38,765,900 available
for the common stock.
This was-equivalent to. $0.88 per share on the
242,788
361,904
profits
Gross
6,613,810
the
$1,372,803
2,294,555
income
Net income,
for
1,510,551
2,294,555
Employee benefit plans—,
compared
the first quarter of 1944 totaled $363,100,279,
'with'$285,308,239 for the first quarter of 1943.
V
stock held
miscellaneous
'
Payrolls in
2,864,506
2,294,555
Deferred
the corporation's payrolls, compared
405,894 during the first quarter of 1943.
on
1942
■■
•
238,644
,___
•
Net' operating
4,054,918
Reserves:
there was an average of 494,307 em¬
with an average of
quarter of 1944
first
the
For
ployees
/Excess
be
to
warranties,,
Taxes,
-.
needs."
military
/
1554.
$1,347,337
——
_________
-Income tax
156,661,497
(portion
be payable
to
$11,893,540;
$10),
p.
Income, Years Ended Dec. 31
-. V
"■ ' ;
1943 '
___
Taxes (other than income &
bonus
common
(par
159,
#
—
treasury)
/■
requirements.
,
estimated
'-estimated
Changes in the character of war material
undoubtedly continue in line with changes in strategic
The flexibility of the corporation's manufacturing or¬
ganization makes possible adjustments in production schedules to meet
the
in
stock
common
Depreciation
.^23,769,612
295,783,254
351,295,344.*
taxes-.
cash)—
payable on pfd. stock
Employees'
total,
$2,089,540;
(portion
bonus
payable in
Divs.
affecting the operations of the business and
results achieved during this period were substantially the same as
"The various influences
64,600,000
42,002,405-
income
profits
revenues
Maintenance
28,404,000
34,307,000
21,698,036
contracts
foreign
excess
total
of
<
for
of
V:'
■
.
year
Gov.
and
S.
and
program.
the
contracts
on
Employees'
day.
or
:Operation
current
.
$59,967,251.—V.
total,
Statement
y
the renegotiation of war
quarter
per
and other
Operating
material
charges,
;
.
Great Lakes Power Co., Ltd.—Earnings—
112,721,218
^
may
the
deferred
.
"
85,077,233
129,293,713
i—
with
.Advances
"These war
rate in excess
Everything the corporation is producing is
indirectly essential . to the support of the war
first
the
in
material deliveries as
of
$6,976,675;
$23,972,232;
which
in
arise
"War
$20),
(par
surplus,
connection
adjustments
$813,529,947
$1,096,444,322
$1,130,271,403
sales-.
stock
118,760,324
127,135,314
144,480,364
for accrued
Retroactive price
products delivered during the first quarter increased somewhat
those in the fourth ^quarter of 1943, and were 37%
greater than
•
contracting agencies
price reductions
./
over
263,700
,
.
payable,
including liability for merchandise id
transit, $8,655,847; real estate mortgages and mortgage bonds payable
•within one year, $145,389; accrued accounts, $1,329,048; Federal taxes
on
income, (less U. S. tax notes of $6,000,000), $1,520,000; deferred
liabilities,
$4,815,135;
reserves,
$659,485;
5%
cumulative
preferred
warranties,
of U. S. Govt,
1944
325,800
$18,503,164;
' • '
'
Liabilities—Accounts
^.vlOQ.QOO.OOO
2,728,500
-
.'
payrolls,
and sundry accrued items
in the fol¬
of 1943, are shown
quarter
first
:
V
foreign banks
Taxes,
(net),
•$59,967,251.
$135,12^,313
"
un¬
Federal Reserve Reg-
der
Due to
lowing table:
$194,697/279
$181,715,936
'
__———
payable to banks,
ulation
-
in comparison with the fourth
Deliveries in.the first, quarter of 1944,
,
Notes
first-quarter report to stock¬
corporation, revealed April 29 in his
holders.
payable
Accounts
General Motors in the first quarter
exceeded all previous records and,were at a rate on an annual
approximately $4,000,000,000, Alfred P. Sloan Jr., Chairman of
Deliveries
Monday, May 8, 1944
provements
Liabilities—
••
General Motors Corp.—Report for First Quarter, 1944
-
& FINANCIAL CHRONICLE
THE COMMERCIAL
1862
1942.
,
'
Income
Consolidated
Account,
3
Months Ended
March
31
1943
1944
Net
sales
^General
;
tOther
$1,130,271,403
—_____
_
Motors
Corp.'s
income
$813,529,947
3,082,728
532,750
equity—————
Ry, oper. income
;
1,800,399
Net
1,871,209
$1,132,604,552
____
incomeincome——.
oper.
ry.
Non-oper.
Total
Cost
of
sales
Belling,
Deprec,
—
947,083,062
$818,483,884
665,359.306
expense.—
21,379,381
17,197,926
;
„—
(excl.
general
for
prov.
and
admin,
deprec.)
&
and
of
amort,
real
equipment
estate,
plants
—
renegotiation
Employees'
profits
of
material
war
bonus
and
S:
income
income
Operating
34,307,000
—V.
28.404,000
2,084,000
:
and
„—
Average
earned
period.'
50,612,000
71,081,000
of
shares
outstanding
44,014,334
(net)
of, subsidiary
'
Gross
Net
companies
not
to $103,154
consolidated
(divi¬
'
19^1
254,488
359,749
362,820
^
2,540,498
2,666,433
earned
surplus,
158,
______
1,223,537
686,342
793,351
1,059,032-
Net
114,670
608,005
ry.
1943
(after
deducting
post-war
credits
$4,961,000
of
Gross
and
CoSts
$2,777,000, respectively).
expenses—i.
capital
surplus,
$178,719
577.
1942
$196,202
101,874
71,252
income—
37,083
72,258
42,931
30,06
735,186
650.484
545,041
472,13
244,857
254,849
188,575
159.77
income-—
125,563
164,418
105,149
84,76
from
oper.
159,
'■*"$
$»
1447.
p.
revenue
Operating
1944—Month- -1943
deprec.
$296,349
$3,970,151
$3,048,64
125,191
2,156,544
1,364,87
24,000
18,750
288,750
225.00
f264,027
230,61
101,382
98,366
j 179,737
167,31
[531,406
502,15
$549,687
$558,69
and
amortization
$
General
163,983,317 154,204,453 130,555,907 111,774,964
151,762,469 142,736,506 119,952,762 105,198,849
.
income
;
taxes
Federal
Federal
1
taxes—)
prof,
exc.
1944—12 Mos.—1943
$349,389
175,424
—_
expenses
for
Prov,
•!'.;)
Earnings—
Period End. Mar. 31-
Gross
1941
'
55^27
'■
31
1942
1943
'
1941
$158,79
,
1—
from
ry.
—V.
310,531
270,70b
-
1943
$239,886
77,890
Jan,
Net
1,170,88^
.
Grant Co. (& Subs)—Annual Report—
Sales
1944,
1944
Gulf Power Co.
Consolidated Income Account for Years Ended Jan.
and
3,,
$244,171
,
of
~
taxes
$706,704;
$20,117,267;
p.
..."
oper.
From
159, p. 144b.
$
$86,336,997.
April
railway——
railway
from
Net
1944
an$ ta
railway
railway——
from
Net
99,52b
1,823,505
893,425
•
232,425
income-
,
certificates
$1,524,405;
Green Bay & Western RR.--Earnings-
$420,701
$658,371
oper.
total,
payable.
payable
$86,336,997.—V.
Gross
1942
•
420,396
(W. T.)
in 1944 and $770,190
tIncluding dividends received of $1,432,056 in 1944 and
$1,591,573 in 1943, less sundry income deductions. /The provision for
taxes includes provision for United States excess profits taxes of
$44,646,000 in the first quarter of 1944 and $24,992,000 in the first
quarter
ry.
—V.
$0.71
#
1943
$916,130
railway
dividends
March—
400,027
railway
from
$372,354;
receivable,
.
■
$958,884
from
Net
43,420,586
•" -■ "
$0.88
-
:•
railway-
income—
bills,
Treasury
1944
reserve for contingencies, $850,000;
7% cumulative preferre
($100 par),' $15,000,000; common stock (1,800,000 shares, no par)
total,
/a,
railway—__1
oper.
ry.
29,
$470,000;
From January 1—
21,694,239
share—:T—'
:'•■'■
-
1944
from
from
Net
$30,779,476
33,010,749
Net
common
dends and .interest received amounted
1943).
$38,765,900
,_i;
—.
common
per
earnings
of
2,294,55J>
stock
—
!
Marcn—•
Feb.
1
'
$33,074,031
2,294,555
$41,060,455
_
series)—
stock-
1761.
159, p.
items,
$15,000,000;
$586,310
$721,022
$34,650
"
"
Georgia RR.—Earnings—
—:
capital
ccm.
on
common
on
Amount,earned
(
$47,308
Jan. 1 to April 21—
1944
1943
1943
$36,975
S.
Sheet,
payable and accjruec
$1,162,500; reserve fo
depreciation, $27,264,702;-reserve for employees' retirement allowances
stock
1944
/
revenues
U.
accounts
Liabilities—Accounts
$5,587,104;
1,019
$71,798
$15,740
_
$6,822,114;
$6,073,840;
suspense
976
Balance
inventories,' $25,
580,256;
investment
and
sundry assets,
$826,248;
plants,
railroa
real estate and
equipment, $45,137,781; prepaid expenses and othe
$48,327
e
$72,773
v
349
$17,657
1,269,000
excess
,.
capital stock ($5
number
stock
"In
the
for
pfd,
on
Amount
.
3,143
•
—Week End. April 21—
Period-
7,655,259
■
contracts
—_
foreign
taxes
Dividends
in
income—
Surplus a'pplic. tb int.
14,912/362
-
—
Gross
Net
Divs.
339
r
15,609,654
_
contingencies and rehabilitation
Retroactive price and other adjustments
which may arise in connection with the
.
Deducts.. from
____
•
Assets—Cash,
notes,
'
Post-war
JU.
income.
Gross
■
■
...
Consolidated
.
taxesj
-L.
Notes—(1) Net income does
of
foreign
'exchange
terial
subsidiaries
restrictions.
contracts
is
as
(2)
subject
not
could
not
made
may
arise
in
for
1944
be' remitted
Corporation's
to review and
renegotiation by the Government.
been
,
include such portion
profit
because
for
possible
of the earnings
1944
of
foreign
war
on
adjustment
Total
with
While provision of $34,307,000 has
Assets—
Mar. 31,'44
Cash
$355,383,322
T
U. S. Govt, securs,, at cost:
Short-term
Tax
Federal
Accts.
'
—;
302,500,000
Other
accounts
Invests,
•'
and
408,065,154
117,048,468
(1944,
101,006
estate,
488,388.188
212,310,219
ferred
Goodwill,
expenses
patents,
327,229,678
355,252,370
de¬
charges
14,891,360
63,700,099
etc
12,894,300
63,700,099
21,744,250
50,236,551
$2,323,166,977 $2,264,718,441 $2,025,333 081
$48,582
12,467
14,180.
166,188
167,98
$36,115
$39,862
$383,499
$391,61
—_—
pfd,
on
stock—'
$54,042
5,513
V.
159,
1554.
p.
5,513
66,156
66,15
$30,602
Balance
3,542,210
4,446,392
348,830, .,*-..,348,830
1,665,096.
2,378,708
3,762,223
1,665,096
par)
($10
'After
in
1,796,419
—
stk.
com.
outst'd'g
..
$34,349
$317,343
$32540
.
s
March—
.<348,830
Gross
Net
1,665,095
cash
1,189,354
$2.86
1,528,285
1944
(less
Net
Balance
$11,490,309;
U. S.
Sheet,
war
Jam
31,
and
real estate
investments,
of
$201,403
$160/79
50.24
40,935
83.544
4,811
51,150
19,93
793,340
749,053
513,138
404,94
.122,544
152,409
96,72
9,066
57,350
4,40
295,459
197,487
~
1447.
p.
mortgages receivable,, $67,000;
funds in
$18,189),
$40,188;
closed
store
banks, and
properties,
to
of
sundry -ac¬
restricted balances
fixtures
and
im-
Mobile
&
Ohio
March—
F, $145,-
Gross
from
Net
claims,
$312,733;
,.t xt
1941'
.-$235,273
109,571
income—
from
159,
■
1942
1—
Jan.
Gulf
J914
savings bonds,-series
S. war
reserve
oper.
railway
from railway—l.i
ry. oper. income
V.
and $425,000
(post-war) of Federal excess profits tax, est., $923,000; advances
and-security deposited with landlords, to be repaid--over a term
years,
ry.
railway-—$300,835
railway-—142,233
1943
-
•
savings stamps (for resale), at cost, $53,726; accounts
etc., $517,411; merchandise inventories, $24,i32,446;
surrender value of life insurance, $1,692,036; refundable portion
U.
Net
1,189,354
$2.68
1,189,354
$3.44
post-war refund of $498,000 in
Consolidated
698;
1,718,854
from
Gross
1,189,354
$2.91
share—'_
deducting
1,748,297
1944
from
From
*
—
per
1943.
counts
Total
__
deduc.
other
865,000
—_
Surplus
Shs.
receivable,
319,040,364
and
7,427,754
and
equipment
Prepaid
income
&
income
Divs.
119,000
other
__—
Assets—Cash,
4,627,661
Net
.Net
217,160.903
5,312,967
*4,482,000
2,096,500
348,830
107,533,736
564,411,464
217,991,495
shares)—
plants
1,335,165
1,407,000
3,810,345
Earnings
Com. cap. stock in treasury,
held for
bonus purposes
tReal
1,405,279
2,506,000
*3,825,000,... 1,400,000
—1
,
assets
1,581,235
1,681,043
2,114,000
5%
406,649,711
trade
miscell.
37,140
'
——
387,390,947
Inventories
6,440,515
69,786
amort.
or
income
Net
*
*113,139,032
1543,816,891
receivable,
acceptances, etc.
10,692,456
170,468
preferred dividends
.Common
dividends—3
$342,117,538
receivable,
notes
tax
Prov.-for
28,822,080
receiv, U. S. Govt—
11,435,426
110,480
Gross
Interest
Gulf & Ship Island RR.—Earnings—
$326,914,118
227,517,280
Drl35,600
tax—__
profits
Excess
Mar. 31,'43
,
89,311
taxes-
&
income
contingencies
Dec. 31,'43
notes
Dr32,521
(net)—
paid
Depreciation
the
Condensed Consolidated Balance Sheet
;
6,576.115
(net)—_
income
Interest
retroactive price
connection
10,603,145
ma¬
through
and other adjustments which
renegotiation of war material con¬
tracts,, it is not possible to determine the effect of such renegotiation
on the above summary of consolidated
income.
in
11,467,947
Dr22,S80
—
income
Other
12,220,848
12,197,868
Profit
.
from
Net
ry.
RR.—Earnings1944
railway/—
railway—.
oper.
3943
1942
19411
$3,274,113
._
$3,440,671
$2,232,430
$1,951,9$
1,165,700
1,471,100
648,449
094,90
433,429
464,631
300,100
364,26
-9,098,840
9,747,798
6,297,045
5,293,33
-
2,964,888
3,952,111
1,770,349
1,710,55
-
1,115,557
1,362,271
796,488
816,48
income-.
From January 1—
Gross
from
Net
from
Net
ry.
—V.
railway
railway
oper.
income—
159. p. 1657,
_
States Utilities Co.—Earnings-
Gulf
.i;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number. 4279
Volume 159
'
1944—Mo'nth—1943'
/Period End. Jan. 31—
Operating
revenues
Operation
Maintenance,
$1,411,591
479,733
_—
—-—-
-//-I.
,
.
Depreciation
Amort, of plant acquis;
,* -adjustments
126,483
16,151
16,151
Federal
317,117
253,829
193,810
3,411,677
101,628
95,578
1,195,027
income
taxes
Other
Net
2,146,643
1,121,116
$294,552
$254,847
$3,419,977
141
51,996
——
/!. Balance
$292,677
$254,988
$3,471,973
$2,937,085
100,157
.-I/ 101,604
Operating
Interest • and
amortiz.—
'/Balance
^Balance
$192,519
preferred dividend requirements—'™
'-r-y.. 159, p. 1761..
—
1,223,738
584,968
8,752,o6o
108,333
108,333
1,300,000
1,300,000
250,000
584,968
Fed.
and
income
profits taxes
excess
323,301
—™_
All other taxes—
Net
Hamilton Watch Co.- •Earnings—
J.'Quarter
■Sales
Ended March 31—
'
1943
1942
$3,037,240
$1,349,323
—1,912,879
2,234,568
1,018,516
$477,895
$752,672
388,206
347,846
4,039,113
9,454
209,858
212.313
Cr2,252
Crl4,902
37,238
25,151
George F.
4,191,008
21
:
Int.
3,634
—i,™
389,350
347,867
4,048,567
80,203
80,208
962,500
and
10,524
126,302
126,293
8,851
104,777
67,200
$248,284
$2,854,988
373,731
$3,038,649
325,078
'
expense
expenses
Other income
Amort
of
facilities
emergency plant
inc. taxes (State
Prov. for
& Fed.)
"Net
income
-~rV.
$148,700
per
159,
936.
p.
$237,914
$0.49
income
common
$0.01
result
a
July 1, '43
Jan. 1, '44
to
$2,811,030
development
92,061
2,207,946
23,287
284,607
101,336
from
ry.
2,739,348
68,774
183,271
—V.
costs.
_
Dividends
income..
_
The
railway.
53,916,820
51,513,309
37,430,283
p.
18,238,712
11,319,235
$543,584
Railway
4,084
193,740
Railway
6,589,427
9,090,974
5,470,409
$1,219,869
-V.
income
$482,545
$737,324
Net
$1,507,975
$4,284,779
.Company April 29 filed with the Securities and Exchange
,
sion
registration statement
a
preferred stock.
of $5
and
The
shares
preferred stock
one-twentieth
Kuhn,
writers
Loeb
of
&
100,000
and
of
in exchange
offered
of
one
of $5
share
stock.
$4.25
new
Harriman-Ripley
•
1,192,995
1,067,642
3,535,454
3,015.685
$240,346
$440,333
$749,325
to
holders
stock
™_
Gross
will
•
be the
106,068
M.
Hanna,
Presi¬
Chairman, and G. M. Humphrey,
dent, with proxy forms enclosed; has been mailed to stockholders.
••"It will be
than
less
that as the
seen
the number
number of shares of new preferred
of shares
the
of
stock
present preferred stock now-
outstanding," the letter states, "it will not be possible for all shares
pi the present preferred stock to be exchanged for new preferred
siopk. Counsel have advised that the exchange will be a non-taxable
transaction for those stockholders who exchange all their present
stock, except to the extent that cash received in lieu of fra/ctional'
shares represents capital gain. The plan contemplates that Certificates
of
^present preferred
stock
will
be
accepted
the
in
in
order
which
they are deppsited for exchange, until the 100,000 shares of new pre¬
ferred
stock
are
exhausted.
Deposits must be made on or, before
/May 31, 19'44, unless the period for deposit is extended by the board
pf
directors.
'"'The
intends
company
to redeem
in cash
by payment
at $105 per "
share and accrued dividends the balance of the present preferred stock
not
exchanged."—V.
so
Net
portion of the new $4.25 issue not/taken in exchange.
has palled a special meeting of stockholders for May 17
the new issue of 100.000 shares of $4.25 preferred stock,
A letter from H.
159,
1762.
p.
142,399
315,068
$127,264
$123,898
$352,757
income
5,996
5,200
18,844
of
$132,464
$142,742
sold
6,068,943
5,189,923
/—
$1,274,244
$1,517,595
—
10,800
■■
—.
income
(other than
3,473
.2,877
9,275
9,280
Exchange
41,838
125,808
128,226
Provision
Fed.
*$4,350
64,796
136,966
1
163
:
doubtful accounts--
.1,664
29~3/069
246,497
305,775
431,900
**
159, p. 1658.
Industrial
19,714
62,598
128,382
and depletion
Prov. for inc. tax. (Fed. &. foreign)——
$230,515
7,659
$87,749
$1,520,972 '
20,506
tax)
expenses—
:
for
income
—
administrative
«Ss
3,377
$1,285,044
expenses
General
Brownhoist
Secondary
—
.
Industrial Rayon Corp.—Stock Issue
$519,458
dividends
Common
Offering—
Gillis, Russell & Co., Cleveland,:have just completed the
distribution of 22,100 shares of first preferred stock (par
$10) which had been held by two liquidating banks.— '
V. 158, p. 1733. •
V-.:'.-.
.■/. ■•-'//■>■
Corp.
'income'. ——-——■■—__
Net
.
/
i
——
,
income
41,280
——_
'Deficit.—V.
:
'
re-
$6,707,518
$7,343,186
——
—
profit
Taxes—Domestic
$368,021
charges—
——;
goods
■.Total
15,264
$40,403
income
income
the
in
1942
1943
sales
Other
356,093
$34,407
railway oper. inc.
fixed
dollars
States
Depreciation
under¬
any
Company
to approve
.
Total
United
in
o'clock
Gross
446,205
310,359
170,670
99,871
Misc. deducts, from inc.
for one
Board has authorized
Control
dividend
by the
and
Selling
/
issued
$1,155,055
revenue
Total
,
Co.
&
Other
Commis¬
of $4.25 cumulative
shares
be
to
are
the basis
on
shares
Co.
for
Net
current
Years Ended Dec. 31—
$4,170,740
exps.____
Equip. & jt. fac. Tents_
l (M. A.) Ilanna Co.—Registers Stock With SEC—
■
the
Exchange
'f International Products Corp.- -Earnings—
1944—3 Mos.—1943
$1,433,341
Railway tax accruals-
159, p. 550.
of
certificates
3
1st
Cost
Net
paid quarterly dividends of 50
company
Foreign
trustee, 16 Wall St., New York, N. Y.t will .
P.M. on May 31, 1944 receive bids for the sale to it
refunding 5% sinking fund mortgage bonds, series A and
series B, dated Jan. 1, 1917, to an amount sufficient to exhaust the 1
sum
of $102,634, in the sinking fund, at prices not to exceed 102'A
and interest.—V. 159, p. 1764.
of-
Co.—Earnings-
1944—Month—1943
revenues
oper.
oper.
40 Cent
—
International Paper Co.—Tenders—
until
8,703,478
6,642,397
Indiana Harbor Belt RR.
$478,461
Canada, Ltd.
of
company's Toronto, Montreal and
New York transfer agencies and at the equivalent In pounds sterling in
respect of certificates issued by the company's London transfer agency./1
—V, 159, p. 1764.
28,256,687
18,844,519
.
income..
1763,
oper.
'
Co.
share.
Canadian
disbursement
1941
1942
1943
in charge
The Bankers Trust Co.,
railway——.
159,
$1,022,044
197,824
received
cents per
159,
'
$19,135,988 $17,900,350 $13,483,158 $10,249,595
7,060,790
6,313,125
4,464,882
3,381,779
2,501,029
3,100,272
1,974,470
2,678,251
Period End. Mar. 31—
''Net income
properties.—V,
Nickel
Previously, the
1—
Jan.
Net
$3,534,977
4,947,295
pfepreciation, depletion & aband
_
oper.
Net
£osts,
,
1944
railway—.
railway—
Gross. from
$6,346,007
,
ry.
'From
■
to
Mar. 31, '44 Mar. 31, '44 Dec. 31, '43
income.
of
use
'
v.;
from
from
Net
-Earnings—
oper, & gen. exp., incl. State,
county and Federal taxes
stocks—-
accelerated
of
March—
to
Intangible
preferred
Illinois Central RR.—Earnings of Company Only—
Net
July 1, '43
operating
to
spect-of
Gross
Gross
as
■'
1353.-
$265,868
——
applicable'
'Deferred
'
Hancock Oil Co. of Calif.-
,
$53,396
$0.26
share
common
32,749
Vice President
a
on May 1 declared a dividend
United States currency) on the
stock, payable June 30 to holders of record
A similar distribution was made on March 31.
May 31.
Net
p.
Earnings
deductions
&
Dividends
20,000
282,000
110,000
int.
elected
been
159, p. 1764.
of 40 cents per share (in
'
Other
'.Gross profit
Sell., adver, & admin,
share, Mr. Feldmann forecast
effort to maintain income de¬
tools.
The latter were the
per
machine
Dividend—The directors
debt discount
of
for
MacDonnell has
exploration.—V.
International
962,500
10,525
of
4,194,642
mortgage bonds
on
Amort,
cents
management
International Mining Corp,-—New Vice-President-
.
$330,807
183,348
1,390
.
Post of sales—
3,514,577
1,272,409
1,144
revenue
oper.
Gross income
1944
$2,390,775
1,275,428
"
Other income
(
3,942,106
322,358
102,800
106.466,
25
a
demand
principal products until Dec. 31, 1943, when it acquired
radio-electronics manufacturing business,
■
indicated in the management's efforts to
bolster the corporation's income in the face of a sharp decline in •
machine tool volume," Mr, Feldmann said.
"The acquisition of Detrola
Radio Division with its
rising production curve, plus the prompt
transfer of the machine tool facilities of the Libby and Foster Divi¬
sions to direct and indirect production of important war
equipment,
increased aggregate gross sales in these three operations 20% In the ;
five months ended March 31, as compared to a year ago.
The period
referred to comprises the first five months of our fiscal year which
ends Oct. 31, 1944."
"The Company's backlog of orders as of March 31, was in excess of •
$29,000,000."—V. 159, p. 1658,
and:
-I—
repairs •*■—-■,
in
corporation's
7,038,350
i——
of
results" ' in
slump
the
Detrola Corp., Detroit, a
•"Favorable results are
1944—12 Mos.—1943
617,005
*Prov. for mainten,
$1,707,852
'
—_
spite
$1,498,342 $19,558,647 $17,315,844
685,197
.and reserves
1,229,233
$2,248,235
-
$153,384
_
1944—Month—1943
$1,611,503
revenues
Operating expenses—
Amort., deprec.. renew.
Cr59,685
■
March 31—
Period End:
$2,996,769
£>rl,876
income,
on
,
Houston Lighting <fc Power Co.—Earnings—
16,151
-
.
net—
revenues
oper.
Other
taxes—
—
dividend
"favorable
July 1, next, all of its
outstanding 1st mortgage 5% registered bonds, due Aug, 1, 1947, at
100 and interest. ' Payment will be made at the Sterling National Bank
&. Trust CO, of New York, corporate trustee, 122 East 42nd St., New
York, N. Y.—V. 158, p. 1473.
-
,-
quarterly
Hotel Taft Corp., New York—To Retire Bonds—
iThe'dorpordtipn .has .elected to redeem
$1,158,968 $15,650,812 $12,651,§53
369,189
5,183,843,
4,103,303
'
47,708
'781,304
677,088
121,666
1,590,483
1,465,174
<.'75,1928
■
*
,1944—12Mos.^-1943
;
1863
Earns, per
com.
•
246,746
share
Balance
r
$1.74
Sheet, Dec. 31
1Q43
■.
1942
$477,623
$1,068,345
Special deposit
U. S. Govt, obligations——
Accounts
Registered^
.
246,746
$1.58
———
'Assets:—
.
$574,-525
26,000
—'.
Iiiventories
20,000
100,000
———
receivable
125,000
385,604
235.226
—
•
'
Advances
cattle purchased for
on
'Republic
of Paraguay 4%-bontls
slaughter--—
due Dec. 31,
2,263,774
189,176
,
2,619,341
66,423
The
Corporation on April 28 registered with the Securities and
Exchange Commission 100,000 shares of series A (no par) $4.50 pre¬
ferred stock.
Principal underwriters »re Kuhn, Loeb & C<#. ' and
Harriman Ripley & Co., New York./
;^
;i_—
66,423
65,641
.
/ Proceeds
$10,000,000
A
.
the
of
the
in
bank
sale
with
notes
and
to* finance
special
meeting
notes
treasury
issued
Jan.
will be used to-retire
$2,400,000 in earlier
funds,
to
3
pay
expansion program.
stockholders will be held May
of
to
15
stock
tFixed
L,
:
assets
Deferred
approve
issue..
The
Live
;
;
charges
an
_i_
Total
302,187
314,904
2,154,293
17,294
i
—
2 357,392
15,970'
$6,422,716
$6,447,899
$231,316
$219,071
328,846
i—
431,900
..
announcement
further
Liabilities-
stated:
*
/Ilarvill* Corp.—To Retire Preferred Shares—
v
The corporation has called for redemption as of Oct. 1, next, all of
cumulative preferred stock at par ($1 per share),
plus accrued dividends.—V. 159, p. 1657; V. 158, p. .391.
its outstanding 6%
| Ilershey Chocolate
Corp.— Earnings—
"}3 Mos. End. Mar, 31—
1943
1942
1941
$5,402,735
$4,416,580
$4,951,765
$4,697,796
1,690,203
1,258,229
1,683,531
1,590.681
1944
profit
Expenses
on
sales—
Operating profit
Other
income
Total
Cash
income
$3,107,115
179,765
106.241
$3,354,759
$3,447,999
239,571
338,148
J &
prof,
Net
_■
Deprec.
dividends
$1,372,248 $$1,661,910
$1,430,897
-1,210,676
253,844
253,844
Com.
514,312
514,312
514,312
$662,741.
shs.
per
$604,092
$893,754
685,749
$1.54
685,749
$1.96
$990,5831
com.
share.
»
__
685.749
$1.82
tIncludes Federal normal and
1943; Federal excess profits
tax of'$1,256,700 in
1944 and $797,157 in 1943, and Pennsylvania;
State income and franchise tax, $90,000 for both years,
$ Adjusted.—
of $811,848 in
P.
1944 and $855,783 in
1040.
depl.
notes
273,937
251,425
min.
tax—
1,435,000
2,061,191
1,426,000
profits tax—
3,068,000
3,674,000
of
normal, income
for Fed.
excess
Net
earnings
Earnings per
and
2,338,730
336,225
1,858,045
'1,499,000
4,887,000.
1
share—
$2,512,396
$1.54
_"
:
$2,796,321
$1.71
$2,689,090'
$1.65-
deducting administration expenses and all charges for repairs
maintenance.
Note—Net
~
earnings for the three months ending March 31, 1943 and
1942, are as previously reported, and do not reflect a proportion of the
$1,000,000 and $2,000,0000, respectively/ set aside for "provision for
post-war and other adjustments."—V.
159,
1658.
p.
Preliminary Income
Y
Operating income
Interest
and. bond
recommendation of*
tne directors to set aside $1,000,000 from the surplus funds of the
cbmpany f6r the purpose of accepting. tenders for the retirement of
sbme of-the company's shares of outstanding capital stock.
The stockholders- approved the.recommendation that tenders for re¬
tirement of stock at a price, not to; exceeds$200 per share be author¬
ized rand that, the board, of directors be empowered to act in the mat¬
ter,- They will meet later this month- for such 'purpose.—V. 136, p.
Arizona
and
President,
meeting
on
announced
that
May 1,'approved
stockholders,
at
the
'
.
'
U.
Prov.
_!
-
Holly Development Co.—Earnings—.
,3 Mos. End. Mar. 31—
Net inc. after all chgs.,
1943
$1,011,321
$879,242
44,805
101,560/
155,000
116,800
1944
.
,1943
$9,016
$18,265
1942
$6,248
1941
$12,905
Assets—Cash in banks,. $403,648; U. S. Treasury obligations, at cost,
accounts receivable, $15,659; crude oil, at posted field -prices,
investment in and advances to Wyoming-California.-Petroleum--
$54,012;
$624;
Cjp,,
.serve
$198,000; other investments, $12,500; oil leases,- at cost (less re-'
for depletion of $507,500), $12,773; wells and equipment-(less
for depreciation of $698,530), $92,068; deferred charges, $870;
reserve
total,
■-*
$790,153.
Liabilities—Accounts
payable,'$15,807;
accrued
miscellaneous
taxes,:
$3,932; dividend payable on April 25, 1944, $9,000; reserve for Federal
income tax, $4,588; capital stock, $900,000; earned surplus, $756,827;
total, $790,154.—V.
Argentine gold currency,
tAfter deducting reserve
and depletion of $4,190,891 in
1943 and $3,952,715
shares
preferred
in
and
1943
and
stocks
common
276,YoT
obsolescence-- -
275,775~
158, p. 1937,
-
.
$463,110 ~
1,181,967"
—
and Bus
indications
are
•
$535,741
1,181,967
$0.39
.
that
the
-
Other
1944
company
$0.45
;
.
$467,446.
1,181,967
$0.40
30,536
$3,195,934
33,936
_-^™-—
16,811
13,715
$2,964,870
$3,243,586
revenues
■'.'
revenues
revenues
:
.
;
a
share.-—
,
.International Detrola.Corp.—Sales Volume Up 20%—
Dollar
sales
.volume .of this
corporation for the five months ending
March 31 increased 20% over comparable operations a year previous,
C: Ruksell Feldmann, -President, told
stockholders on May 1;
Pre¬
merger sales of Detrola Corp. were combined with those of the former
International
.
16,691
'
Total
Maintenance
608,041
$2,190,583345,623
541,231
62,781
77,423
62.539
954,851
Power operation
Conducting transportation
General, including accidents-!
Depreciation
/
1,167,786
572,031
7fi1,Kfi6
269,674
253.789
334,551
„
256,975
__c-
303,392
Prov, for track removal and paving
costs account future bus substi•
tutions'
70,000
;■
■
.
60,972
$617,671
;■
18,000
$597,439
$402,600
354,310
Retirements
323,081
252,007
$263,361
$274,358
$150 59A
■
Operating income before taxes-
1—■
Net
Fixed
operating
income—;
charges
-V.
—
Machine Tool
Corp.
,
333,245
188.510
$58,886
311,745
—
—
158.
$48,385
—
.
$37,916.
2191.
p.
International Rys. of Central America—Earnings—
425,541
Inc. avail, for fxd.'chgs.
$710,032
393,497
317,179
246,573
$799,554
oper.
327,719
oper.
Net
from
Net
rev.
ry.
income
1944—3 Mos.—1943
1944—Month—1943
revs.™
Railway
275,196
——
$2,022,35?
$2,333,642
1,194,576
923,258
757,635
1,123,040
906,643'
693,248.
in making Comoarison.
Ih/ia letter sent with, checks for the corporations eighth consecutive
$1,500,000 of 6%% Bonds—To Pay Pre-;
Redeem
To
dealers' concession of 90 Cents
•
$2,145,840
28,052*
will not be liable-
fering—Blyth & Co., Inc., on May 1 made a secondary
offering of 10,000 shares of common stock (no par) at
a
in
1942
1943
$2,917,522
™™__,-__
Freight
222,115'
;
International Cellucotton Products Co.—Secondary Of¬
1134.
the
Operations)
3 Months Ended March 31—
Passenger
1944 U. S/excess profits tax.—V. -159, p. 1555..
V. 158, p.
of
1555.
159, p.
Period End. Mar. 31—
,
441/2, with
for^
reserved for exchange
predecessor company.—•
shares are
339
40.000
_
Net...income
without
deductio.n
for. depletion •
Capital stock outstanding-.
Earnings per share_—
Note—Present
947,652.
$6,447,899
48,181
.
for any
*
[Condensed Balance Sheet,. March -31, 1944
.
for
1338
Deficit
__u_.
—
for^ contingencies—^
fOr1 deprec, &
1942
40,185
expense
r_—,
S.
income
taxes
^(estimated)
Reserve
•
•*
*$127,864
1942.
1,048,131
$6,422,716
—
depreciation
,
•
4470.
Total;—.;
,
418,744,
3,293,508'
1,167,264
____——
Taxes
$896,696
—
their,
regular.annual
surplus
surplus
88,893
353,652
3,293,508
1,048,131
.•
Account,. 3 Months Ended March 31
1944
Hoboken Land & Improvement Co.—To Buy Stock—
-
Inspiration Consolidated Copper Co.—Earnings-
v
.
,/Kelley' Graham,
Capital
Earned
—
685,749
•
'Includes Federal excess profits taxes,
V, 159,
&
serial
etc
(par $10)—.
(Rail
outstanding
.-(no par)
'surtax
plants
and
contingencies,
stock
tCommon
*1942
1943
1944
.
for
International Ry., Buffalo—-Earnings-
$9,605,551 $10,231,449 $11,269,360
for Fed.
253.844
514,312
Surplus
Earns,
of
•
«
Prov.
'After
;
bonds
on
:' __—/
payable
Reserve
$1 ,758,739
253,844
—
.Bills
(& Subs.)—Earnings—
——
Prov.
—
Conv.
11,742,940 *$1,447,941
■ ■
profit
pfd. dividends-—
Common
income
payable and accrued liabilities™
Income .taxes
V.
1763.
p.
Quarters Ended March 31—
Interest
t2,158,548
taxes
;
5
•
*Net
2,251
159,
Inland Steel Co.
243,941
& State income
excess
•/'<•
said.—V.
$3,213,356
281,342
dis-
of
Federal
^
$3,268,234
196,408
$3,873,039
——
assets
on
posed
i
$3,158,352
160,507
disct., int., etc
Loss
i
$3,712,532
—
Accounts
.
'
Cjross
"The'program calls for capital expenditures totalling approximately'
$14,000,000 and1 is covered by certificates of. necessity.
When com¬
pleted during the final quarter of 1944, it will add over 30,000,000
pounds of continuous process tire cord capacity to the present capacity
of 11,000,000 pounds of tire yarn at the converted Cleveland plant.'
This will give the company a total textile and tire yarn capacity of
approximately 71,000,000 pounds, an increase of more than 75'% over
the capacity of the preceding year."
"Inasmuch as this entire project is being paid for by the company
without any financial aid from the government and represents a per¬
manent investment by the company, it was the unanimous opinion of.
our directors that a preferred stock issue was preferable to
a bank
loan which had to be paid off over a ten-year period," Mr. Rivitz
ferred Dividend—
The
board
of
directors
on
April 27 decided
to call for -redemption
1, 1944, $1,500,000 principal amount of first lien and re¬
funding mortgage. 6%% bonds due Feb. 1, 1947.
Payment will be
made at the office of J, Henry Schroder Banknig Corp., 48 Wall St.,
New York, N. Y.,.or, at the option of the holder thereof, at the office
of J. Henry Schroder & Co., 145-Leadenhall St., London, England, in.
on
Aug.
pounds sterling at the rate of $4.86%.
Holders of ealled bonds who
wish: to do so may present their bonds for payment in advance, and
will receive the full redemption price plus interest to Aug. 1. 19*4.
The board also declared a dividend of $1.25 per share on the 5%
cumulative
preferred stock of the
company
payable May
15, 1944, to
Dividends
stockholders of record at the close of business May 8, 1944.
"of
like
amount
Since.—V.
159,
were
p.
paid
1252.
on
Feb.
15
and
Dec.
15,
last
year;
none
taxes
The
Mackay
&
Liabilities—Bank
into the
Co. of Delaware have been consolidated
Telegraph Co., Inc., it was announced on
April 24
latter company, which
is an
and Telegraph Corpora¬
tion.
A. C. Jorgensen has been named general manager and a director
of the consolidated organization, it was announced.V, 159, p. 1764.
&
Luke
Admiral
Kroger Grocery & Baking Co.—Sales Increase—•
Syndicate—New Vice-President—;
Robert L. Smith, Commissioner of Securities for the State of Min¬
nesota since 1939 has been elected a Vice-President of Investors Syn¬
dicate in charge of sales of investment certificates of Investors Syn¬
dicate of Amer.ca, Inc., and shares of Investors Mutual, Inc., according
to an announcement made on April 25 by E. E. Crabb, Chairman of
the board of Investors Syndicate.—V. 159, p. 351,
Earnings
Net
the
the University
in
John
;
and
is
owned
of
Total
1.30,093
excess
profit
taxes
192,694
$452,525
591
250
___
income
_
income
income
Net
Cumulative
$6
206,806
series
26,348
.
93,192
.
__—_______
stock
Common
series.
159,
1555.
p.
of
the
dividends
entire
104,000
stock
the
of
sale
April 17,
on
actual
transfer
1944.
(V.
be
will
159,
Balance
p.
about
made
1941
$834,981
$636,786
$589,945
363,842
383,242
plant,
"Net
profit from
account? and other accounts
$10,055).
$201,773;
and
supplies,
priced
$154,823; prepayments, $13,287; debt discount
of amortisation, $53,759; total, $11,568,511.
Liabilit"os—Common stock (160,000 no par
lative
Inland
and
at
53,862
(53,471
$132,248
$116,316
V 900
255-
dividends,
cost,
average
expense
in
process
$43,091
outstahd-
(no par)
;
82,731
$1.47
81.531
,
$1.62
shaie___.
per
■
ry.
1942
icates
$456,312
$568,500
selling
93,164
144,368
236,999
Interest
Jo
deferred
on
loan
Nash-Kelvinator
Sundry deducts,
Dominion
of
Provincial
Prov.
Ltd.,
Prov.
Net
Canada
15,106
1,782
15,600
577
income
139,400
135,900
221,700
'
taxes
^
loss
of
18,300
_
Kelvinator,
45,000
post-war
contingencies-.
30,000
profit
on
-
Assets—Cash
on
accrued
(less reserve
${".59
for
hand
interest,
doubtful
stock
Balance
and
$120,323
75,000
common
Consolidated
and
$159,157
$1.58
stock
share___
100,000 shares of
1041.
159, p.
•
;
1944
$348,503
132,204
185,500
$185,691
$308,614
.'158,597
74,073
30,987
53,529
income—
*
1941
1942
1943
$310,646
______
railway____
•/'' "
i.-v; ^ J
804,046
382,656
127,964
498,183
181,57$
79,877
Sheet
as
ry.
81, 1043
of Dec.
and in banks, $107,274;
1944,
$45,000;
—V.
159,
737.
p.
: <
-
as
earnings
v:;
.
Toledo, O.—Annual Report-
for the year ended Jan. 31, 1944,
208,444
96,630
1,485,851
493,178
314,993
•
'
u-i
^"
194 T7'
$432,785 *
121.636
88,226
130,593
1,570,464
income__L.
■■
J
$382,860
,
' 143,002
railway
108,960
railway______
522 461
income___
311,846
oper.
159,
1,247,563
380,249
266,026
1,074,741
404,197
305,084
1942
1941
1354.
p.
;
Lehigh Valley RR.—Earnings—
U. S. treasury certif¬
acceptances
payable,
Kobacker Stores, Inc.,
from
ry.
notes and trade
$281,392; accounts payable, $56,066; Fed¬
eral and state social security taxes payable, $13,675; Federal, taxes on
Income payable, $215,076;
other taxes accrued and payable,: $21,139;
accounts
payable—wholly, owned subsidiary, $93,23;. wages accrued,
$2,940;
reserve
for contingencies,
$160,000; common stock
(81,531
shares no par), $142,679; earned surplus, $1,384,617; total, $2,286,907.
Liabilities—Notes
1942
$555,455
from
Net
warehouses;
Cuban
$525,181
railway
oper.
Net
—V.
$290,429;
and
'j :."V
From January 1—
Gross
accounts
$19,600;
$5,862;
domestic
in
,
1943
railway156,081
from
Net
87,545
$1.69
87.845
$1.34
1944
from
Net
-,r
$5,638 in 1941,
(On 5%. pre¬
j" J j
-J •'
-
••.....
indebtedness—due
amounted to $614,677,
compared to $243,849 during the preceding year.
Taxes on income
to $1,965,317, which included $1,730,800 excess profits tax.
Increased consumer demand enabled company to increase its sales
March—
Gross
from
Net
ry.
$8,714,203
railway.___
railway______
income—.
from
Net
2,715,531
892,452
oper.
.
'
,
1943
1944
$7,670,148
2,768,582
1,302,389
21,196,751
7,230,829
3,290,613
15,363,097
4,184,469
1,796,464
$4,538,354
1,491,339
901,245
$5,758,768
1,883,497
1,021,611
From January 1—
from
Gross
Net
from
Net
ry.
—v.
24,061,195
railway.
6,663,102
railway
income
oper.
2,415,420
1659.
159, p.
j,
.
12,729,922
4,192,841
2,535,318
/j/ j/
Uneoln Printing Co.—Recapitalization Effective—
The directors recently
advised stockholders that the plari of re¬
capitalization becomes effective April 29.
Holders of $3.50 cumulative
dividend preference stock will receive $15 in cash for each two shares
of such stock, $25 principal amount of 6%
sinking fund convertible
debentures of the company and one share of new $1 par value com¬
mon stock.
Common stock now.outstanding will be reclassified on the
of
basis
of
share
one
of
shares
no
par
the
of $1 par value for each 4
outstanding.—V. 159, p. 1765.
common
new
stock
common
now
amounted
14%
the preceding year.
over
increasing
excess of
$100,000 in any one year.
Directors, recognizing the possible need for
funds for post-war modernization and improvement of stores, believed
payments are small, amounting to $60,000, and
gradually, but at no time is the payment on principal in
position at a
available and interest rates very favorable.
it
advisable
improve
to
Lindsay Light & Chemical Co.—Earnings—
For the 12-month period ended Jan. 31,
sales amounted to $18,154,122.
On Dec. 1, 1943, company negotiated a $1,000,000 sinking fund V/2%
debenture loan due in 1955.
During the first few years of this loan
1944,
-its .cash
time .when money was
anticipating the expansion of its Columbus
the property adjoining
of $85,000.
3 Mos. End. Mar. 31—
"Net
at
the premises
for the sum
Statement (Including Subs.)
Comparative Consolidated Income
charges
and
excess
.
$0.64
1944 and $53,257 in 1943 for
Federal
Co.—Earnings—
1944
but
charges,
State
and
profits
cess
•
profits taxes.—V. 159, p. 449.
taxes
Federal
$0.22
for normal Federal income tax,
excess
profits tax.
(After
income
1943
1942
$692,894
all
after
fore
$0.25
'
Federal
Quarters End. Mar. 31—
Profit
1941,
$42,991
$0.27
estimated
Oil Refining
Lion
1942
$17,640
1943
allowances
and
for
reserve
setting up a reserve of $75,448 in
.1940
1941
1942
1943
Years End. Jan. 31—
all
after
normal
of the war, purchased
termination
the
stock
com.
'"After
and
share on
($10 par)
per
($19,058
1944
($20,955
profit
Earnings
During the year company,
store
$836,062
$564,876
be-
and
L
..
ex¬
398,463
582,552
310.682
$294,431
taxes—.
$253,510
$254,194
$0.58
1765.
$0.58
$18,154,122 $15,925,340 $13,644,623 $11,697,348
of
and
oper.
/
merchandise
Gross
'■
"Net
'
15,854,151
14,332,625
12,758,709
11,118,007
$2,299,971
$1,592,715
$885,914
Other
income
*580,939
22,557
18,615
$2,532,650
$1,011,776
$863,357
/
income
$579,341
(232,679
exp.__
profit
(net).—
of
Sheet,
no
par
Sept.
$1.20
30,
1943
$14,658), $530,393;
_
"Earnings
per
435,090
share
;
shares of
common
$0.63
stock.—V. 159, p.
-
■
.
Lone Star Gas Co. (&
Period End. Mar. 31—
$560,726
85,735
87,926
84,229
91,447
234,518
179,000
192,000
118,000
(Prov. for exc. prof, tax
1,557,720
401,000
163,000
50,000
contingencies
40,000
100,000
115,000
and
Deprec.
amort
Prov. for Fed. inc.
for
Prov.
39,683
"Includes loss
eludes
$243,850
40.280
162.909
61,091
$614,667 •
dividends
dividends
___
from
Subs.)—Earnings—
•
i
V
-
$309,128
40,453
81,455
$301,279
41,683
81.455
expenses
and losses incurred by fire,
tininsurance companies to cover loss of income
caused by fire.
(After deducting post-war
Assets—Cash
amount due
on
hand
and
Sheet, Jan.
demand deposits,
31, 1944
$2,346,888; U. S. Treas¬
$210,646; accounts receivable
(less reserve for doubtful accounts of $55,839), $218,665; miscellaneous,
receivables, inventory of sales tax stamps, etc., $73,322; merchandise
ury
%%
certificates
of
indebtedness.
&
taxes
Fed.
inc.
income
Other
Gross
Income
Net
taxes)
1041.
$6,257,437 $14,799,956 $14,051,185
$6,644,104
.
129,704
401.160
541.860
$6,127,733 $14,398,796 $13,509,325
and
deplet,
159, p.
13,991,564
29,528
96,428
charges
income
income
14,160,784
3,986,814
$6,198,900 $14,575,938 $13,281,937
58,537
224,018
769,248
$6,740,532
credits
income
954,429
amortization
Net
3,829,068
$6,711,004
Prov. for Fed. inc. taxes
—V.
$10,540,072 $10,185,714 $28,736,722 $27,273,501
(oth,
Operating income
Deprec.,
Balance
revenues—
oper.
1944—12 Mos.—1943 7
1944—3 Mos.—1943
purch., oper. exps.,-
maint.
than
sale of land
reimbursements by
continuing
Gross
Gas
•
income
Preferred
and
taxes
Consolidated
banks, $283,873; Dominion of Canada
$228,910; notes and accounts receivable
of
_
refund.
value.
in
accounts
income
Total
Common
$157,821
common
per
$0.81
share
March—
receivable—trade .(less reserve for dis¬
inventories of'leaf tobacco in factories and
$1,579,404; inventories of boxes,
labels and revenue stamps, $44,438; investments, $17,600; fixed assets,
less:-—reserves for depreciation and amortization of, $154,840;
$110,944; deferred assets, $72,218; total, $2,286,907.
counts,
Net
England
for
'Earnings
bonds
249
8,870
(net).
taxes
against
Dividends
"On
payable
Corp
income
and
—I
expenses
administration
and
$448,890
$0.60
27,850
41,602
JJ'J-'sj JJ J's:';. J--J
892,082
832,910
Net from railway______
363,103
394,720
Net ry. oper. income—--.
80,621 J
91,937
—V. 159, p. 1448.
■v;: ' ; / J
;
,
'
for
$580,159
$0.78
$606,973
profit
railway
oper.
"On
$454,005
$761,415
312,525
Lehigh & New England RR.—Earnings—
depreciation of $8,570 in 1943, $5,296 in 1942,
in 1940.
(Includes provision for surtax.
of
sold
1941
net
railway
from
$38,373
•:
1
$6,878
Cost
Earnings, Years Ended Sept. 30
$1,231,516
651,357
670,930
From January l—«,
Gross
900
$28,696
:
.
Sales
1943
from
Net
principal
shares), $1,800,000; cumu¬
Kelvinator of Canada Ltd. (& Subs.)—Earnings—
________
,
88,257
$81,186
surplus—
com.
Assets—Cash on hand
,
stock, $7 series (3,764 no par shares), $376,400;
stock. $6 series (15,532 no par shares), $1,553,200;
debt,-,'$5,000,000; accounts payable, $38,253; preferred stock
dividends pavable, covered by special deposit, .$23,885; customers' de-f
posit?, $34,425; accrued taxes, $"*19,011; accrued interest, including
$101,060 covered by special deposit, $110,508; other current liabilities,
$6,382; customers' advances for construction, $15,484; reserves, $1,674,251; contributions in aid of construction, $54,326; earned surpius,
$530,385; total ,$11,568,511.—V. 159, p. 1764.
——
900
•
88,308
dividends
"After
and
Power
.
'5
minority interest
figures.—V.
from
Net
109,804
;
pfofit for year—
ferred stock.
'
.1942
$149,077
86,720
J
Lehigh & Hudson River Ry.—Earnings—
47,636
$107,749
.
tl943
1944
$1,277,903
and
March—
55,395
94,301
J
.
Federal
before
taxes
taxes
95,411
"138,913
*198,914
(& Subs.)—Earnings—
profit
Consolidated
,i
64,481
/
.
$35,065
"51,043
"70,752
;
■
79,922
ing
preferred
profit
Salaries, fees and all other
income
Federal
$252,107
202,877
Earnings
cumulative preferred
Gross
$223,648
taxes-
Balance
long-term
Consolidated
$291,029
-J
159, p. 1354.
Lambert Co.
1'..
1941
,;
243,205
"69,727
"127,830
107,408
"223,714
"272,556
/Quarters Ended March 31—
13,370
$450,547
_______
against income
Shares
(less reserve for uncollectible accounts of
materials
16,945
.
income
Net
from
$206,704
18,085
"
:
"105,616
"
■
$167,194
48,220
28,091
' -V
"249,349
income—_
Consolidated
$238,737
$272,944
23,134
$427,413
sales
Federal
company,
due
.
'..1942
-
"89,646
132,188
"195,715
••
railway
"Deficit.—V.
;
*
Charges
1763), and it is expected that the
May 1, 1944.
$10,310,956;
)T942
.
1943
$33,356
"62,837
"79,687
railway
oper.
Gross
income
Gross income
Sheet, Dec. 31, 1943
etc.,
from
ry.
379,667
1943
stock."
V,/
$53,121 J
,
income
oper.
Net
$618,403
407,568
from
,
direc¬
as
by the holders of the common
'
1944
railway__;__
railway_
(Revised
sales
End. Dec.31—
profit
Other
&
Light Corp. (in bankruptcy), $60,000; cash, $323,564; U. S. Government
securities, $311,015; special deposits, principally for bond interest and
dividends payable, $139,333; customers' service accounts, merchandise
Assets—Utility
be elected
J...
,
.
Earnings per common
Sell., adm. & gen. exps.
Years
ry.
Net
,
1940
Gross
entered into an
agreement to sell its holdings of this stock to Western Light & Tele¬
phone Co.
Applications were filed with the SEC by both companies
requesting approval of the transaction.
The Commission approved the
common
'
,■
for election
.From'.Jan. :l-r~,..-J;';—'-.."
Klein Co., Inc.—Earnings—
(D. Emil)
Change of Ownership of Common Stock—Inland Power & Light Corp.,
owner
■
$62,723,883;
Net sales,
standing.—V.
$238,846
26,168
93,032
80,000
$321,654
dividends—$7
preferred
to
are
from
Oross fiom
the
for
statement
income
'•''
.
nominated
for the ensuing year:
1560.
p.
from
Net
12 months ending March 31, 1944,
cost of sales, $51,050,499; general and
selling expense, $4,255,542; profit from operations, $7,417,842; other
income, $686,021; total income, $8,103,863; bond interest and other
interest, $422,204; estimated Federal and Wisconsin taxes, $4,882,000;
reserve
for contingencies, $150,000; net income after taxes1 and re¬
serves, $2,649,660; profit of William Bonifas Lumber Co. (estimated),
$93,976; North Star Timber Cd. ( 60% " of estimated loss), $121,361;
net income before provision for preferred dividends, $2,622,274; pro¬
vision for dividends on preferred stock, $597,780; net profit on com¬
mon stock, $2,024,494, equal to $4.15 per share on 488,173 shares out¬
The
follows:
receivable,
Gross
Interest and other deductions
Gross
$336,127 <V $406,052
*
$0.69
$0.83
,
may
as
/ ■ ' J J.
Lake Superior & Ishpeming RR.—Earnings—
Net
$452,775
213,929
170,674
income_____
149,445
$558,765
$1.14
sh. on 488,173 shs. com.
per
Balance
operating
157,
...
$555,497
149 445
$485,572
purpose
business
have been
persons
company,
the directors
—V.
'
150,000
149,445
___.
the
James H. Hayes, Bernard
Davis, William P. Dunn, Jr., Paolino Gerli, Alvah H. Combs, as repre¬
senting common stockholders,' and James Warnock, Jr., and Robert E.
Nicholson, as representing preferred stockholders.
<
f
"Holdings of the preferred stock are entitled to elect two directors
and are eligible to vote at this meeting for that purpose.
The balance
of
$1,848 935
83,438
1,060.000
:
.
$708,210
_.
dividends
Surplus for common stock_
Earns,
245,271
178,580
101,701
prof.)
______
.
the
for
other
the transaction of any
of electing directors of
properly come be-*
without
adjourned
1944,
such
"
following
of
24,
for
meeting.
"The
1,750,.
665,000.;
May
and
March—
Net
118,086
$527,869
&
100,312
92,813
1,417,000
immediately
until
the
fore
be held at the principal
Frankford, Philadelphia, Pa.,
will
Ave.,
be ready to mail to stockholders and bondholders at
before said scheduled meeting, such meeting when con¬
be
company
Gross
$528,460
income
income
$1,250,884
_.
contingencies—
for
Preferred
$1,844,671
748,509
242,828
Fed.
$2,218,022
,__i
___.
Provivsion
1942
; 1943
than
the
Adams
cannot
days
will
business,
$1,651,754
195,431
25,000
Dr6,000
taxes_'__i;___.
income
Net:
$2,082,185
819,027
-Depreciation
•
-
1942
$1,178,903
52,981
30,000
Dr24,000
.
income
Federal
Income, Years Ended Dec. 31
-
\
1943
252,489
$1,959,533
Interest
Commott
________
;•
J
$16,209,980 $10,974,390 $10,660,413
14,250,446
.9,795,487
9,008,659
_______—___—
wholly-owned subsidiary__
North Star Timber Co. (60% of loss)
'.""''V.''
Operation
1944
>•
Adjourn Meeting—
stockholders
of
4631
26,
15
vened
meeting
company,
1944," said James H. Hayes, Chairman, on April 12,;
adding;. "Owing to the fact that the annual report of the
April
further
the.
by
■
Other
242,211
Earnings—
Operating profit
Co.—Earnings—
Statement
Net
137,979
nearby,
operated
and
Operating revenues
Federal
317,267
the
company
expenses
(Preferred
(other
on
least
sales
cafeteria.
Carroll University
'•-* J- ■
Kansas Power
Taxes
360,752
1354.
Profit of
John
dormitory, the faculty building and leased cottages
Maintenance
office of
656,073
Other income
Thus John Carroll is" reim¬
bursed for instruction, housing and feeding.
As of April 17, 1944, 70
civilian students are enrolled at the University in addition to 400 naval
Jesuits.
611,865
tors
1943, the first contingent of 400 naval trainees
Carroll campus.
The naval trainees live in
On July 1,
trainees.
income
oper.
annual
612,696
303,689
1,096,629
1,042,664
576,113
245,185
railway.
159, p.
Net
dated
fed
ry.
$130,050,996
1448.
p.
La France Industries—To
"The
railway
Cost
,
are
86.077
Kimberly-Clark Corp.
April 1, 1944, and mature semi-annually Nov. 1,
1944 to May 1, 1959.
Principal and interest payable at office of First
National Bank, West Bend, Wis., corporate trustee.'
Definitive bonds
in coupon form in denominations of $1,000, $500 and $100, registerable
as to principal at office of corporate trustee,
Louis Kuehlthau, West
Bend, Wise., co-trustee.
■'
The proceeds of the bonds, together with other funds were used to
pay and retire as of May 1, 1944, $538,000 outstanding bonds of the
corporation.
The bonds will be a valid, direct and binding obligation of the corpo¬
ration, and will be secured by a valid, first and only lien of the cor¬
poration on the real estate, buildings, fixed, and other property having
an appraised valuation of $1,917,654.
John
Carroll University began
its education work in 1886.
On
Dec, 29, 1890, it was incorporated as Saint Ignatius College under the
laws of Ohio and legally empowered to confer the usual degree of Arts
and Sciences as well as those in Law and Medicine.
On May 17, 1923,
the name became Cleveland
University.
By an amendment to the
articles of
incorporation Sept, 19, 1923, the name was changed to
John Carroll University.
Late in September, 1935, John Carroll Uni¬
versity moved into newly erected buildings on a new campus situated
in University Heights, a suburb of Cleveland.
In 1940, the University in conjunction with a local flying service and
airport first offered its civilian pilot training program.
Subsequently,
John Carroll was designated by the United States Navy as one of sev¬
eral institutions for the trainnig of men of
the Navy in the V-12
and
43,322
;
Quarters End. Mar. 31—
1
onto
102,926
from
—V.
V
student
82,610
from
Net
University, Cleveland, O.—Bonds Offer¬
Co., West Bend, Wis. are offering
3%.
the
193,663
income___
159,
128,680
oper.
Net
$530,000 1st refunding mortgage serial bonds at prices
ranging from 100 and interest to 101 and interest.
The
bonds carry various interest rates ranging from 1 Vz %
marched
ry.
Gross
C. Ziegler &
program.
$216,280
100,014
railway
has called for
John Carroll
are
$207,942
232,625
1944—16 Wks.—1943
1944—4 Wks.—1943
$33,713,169 $31,168,343 $131,893,331
—V.
From January 1—
Co.—Calls $50,000 of Bonds—
redemption as of June 1, 1944, through
operation of the sinking fund, $50,000 of its outstanding first mort¬
gage
4%
bonds, series A, due Jan. 1, 1961, at 100 ft and interest.
Pavment will be made at the Harris Trust & Savings Bank, corporate
trustee, 115 West Monroe St., Chicago, 111., or at the Bankers Trust
Co., 16 Wall St., New York, N. Y.-—V, 159, p. 8.
Bonds
$396,374
railway—
from
Net
Sales
1941
$355,767
from
Gross
Period End. Apr. 22—
1942
1943
1944
March—
Iowa Electric
The company
payable,
accrued
$32,386;
total, $2,271,396.—V. 157, p. 165.
tingent liabilities, $29,435;
Investors
to
obligations (portion due within one year), $74,289;
$1,231,923; taxes withheld or collected at source,
taxes, $727,663; accrued oayroll, rent, interest, etc.,
$373,668; sinking fund 3%.% debentures, due 1955, $940,000; mortgage
notes, $215,862; deferred service charges on customers' accounts, $2,290;
reserves, $446,590; 7: cumulative preferred stock (par $100), $734,600;
common
stock (no par), $428,983; capital surplus, $544,558; earned
surplus. $1,664,839; total, $7,417,650.—V. 159, p. 1448.
,
]accounts
and
payable
contingencies, $50,000;
capital—100,000 ccmmon shares of no par
value, $500,000; consolidated earned surplus account, $799,734; con¬
Kansas Oklahoma & Gulf Ry.
ed—B.
total, $7,417,650.
selling
charges, $192,450; reserve for taxes on profits and other
taxes,
$121,912;
Nash-Kelvinator
Corp., Detroit—current acccount,
$9,676; liability for warranty contracts and guaranteed service, $82,624;
Nash-Kelvinator Corp., Detroit, $90,000;
reserve for post-war
California and the Mackay
Co. of
& Telegraph
Radio
Telegraph
Radio
transit,
treasury
Liabilities—Term
accounts
$425,000;
(secured),
loan
$140,403),
of
markdowns
and
$292,3401 miscellaneous securities,
stock, $160,959; property, equip¬
ment, etc.
reserve for depreciation and amortization of
$679,914);'$1,034,090; prepaid expenses and deferred charges, $187,669;
in
$607,245;
(at cost) (less
accrued
McNamee, President.
The
affiliate of the International Telephone
by
and
development
goodwill,
patents,
$10,100;
discounts
for
reserve
receivable,, etc.,
rights, $422,736; total, $2,271,396.
Mackay Units Merge—
Radio
income
on
(less
$2,285,827;. merchandise
$215,000;
Government
bonds, $50,000; property,
plant and
equipment (less reserve for depreciation of $406,951), $239,241; de¬
ferred charges and travellers' advances, $8;682 refundable portion of
(net),
division.-
Mackay
inventories,
$5,573;.
products manufacturing units of Federal Tele¬
phone & Radio Corp., a subsidiary, set a new plant record for pro¬
duction
of
radio
transmitting
and receiving equipment in March,
according to an announcement by T. M. Douglas, Manager of the
communications
radio
Inventories
bonds purchased, on theeir behalf (seecured),
$276,888; Investment in Kelvinator, Ltd., Eng.
by employees for Victory
Telegraph Corp.—Record—
International Telephone &
The
Monday, May 8, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1864
1
1,456,500'
$4,233,175
935,397
1,312,500
3,981,745
5,822,380
3,7^.173
$3,879,836
$4,594,670
$4,093,807
5,689,345
Volume
jviari
Mos! End.'
3
Sales
31—
'
1944
"l942^
"
1943
1—An
$6,205,382
$7,251,363
$7,354,126
$6,225,039.
4,075,557
4,176,267
3,993,548
3,429,868
651,150
672,755
720,986
658,109
$1,478,675
$2,402,341
$2,634,592
$2,137,062
125,990
...
—
34,709
107,607
86,819
Manufacturing & shipping costs, excluding
deprec. & depletion—
Selling
and
adminis-
v
'<
expense
..
profit
Operating
income__ '
Miscellaneous
'
$2,487,050
1,091,315
$2,742,199
1,126,946
496,184
555,907
610,753
conlings.)
159,200
157,959
296,132
146,643
profit
in
outstanding
at
of
public
end of periods—
Earnings per share—
$458,226
$631,369
$708,368
*Prov.
for taxes
York
and
Net
.
before Federal
Shares
Fed.
948,597
948,597
948,597
Net
profit
$0.72
$0.75
$0.90
$3,147,730
$3,959,499
profits taxes
2,360,000
3,190,000
125,000
125,000
$662,730
$1.11
$644,496
excess
y.
159,
to
—
597,335
on
audit
1556.
p.
:
—
share
per
"Subject
948,597
$0.48
and
contingencies——;
for
Earnings
hands
159, p. 1356.
rector—
r<
*
adjustments
■!,,
-
•
shares
common
year-end
and
■'*,.(
;
■
159,
which
those
than
"Other
are
directly
charged
costs
to
other
/. •'
or
■-■'•.
from
railway—
railway....
v
Net
from
Net
ry.
1943
1944
March—
Gross
included
The results of the foreign subsidiary companies
Notes—(1)
exchange rates, except as. to the
provision for depreciation and depletion which is based on the dollar
value of fixed assets at the time of acquisition,
(2)
Provision for taxes for the
quarter ended March 31, 1944,
Includes an amount of $262,571 for Federal income and excess profit^
taxes based on an estimate made at existing rates.
This compares
above
figured
are
the
at
average
Maine Central RR.—Earnings$1,848,363
Operating
expenses
1,343,829
Taxes
.
$5,058,558
$4,907,655
3,931,311
$1,939,819
1,134,754
210,320
revenues
Operating
3,171,929
744,679
336,475
—
'
'
Gross
432,894
109,751
—V.
183,929
rents—Dr___
47,303
47,254
Joint- fac.
rents—Dr~—
22,404
22,994
61,611
income-
$224,507
$398,342
$522,991
$845,498
30,907
41,232
116,613
152,788
income.
oper.
3,599,845
1,286,249
1,006,897
3,256,395
2,287,311
1,112,043
465,442
229,314
831,191
159, p. 1766.
89,739
Equipment
*
ry.
'
1941
$840,486
171,394
102,968
3,698,223
1,005,534
440,973
railway...
railway
from
Net
■ ■
$1,158,459
399,511
304,752
1—
from
Net
..
1942
•
$1,348,837
513,486
387,164
$1,205,500
315,576
..
income..
oper.
From Jan.
1944—3 Mos—1943
1944—Month—1943
Period End,.Mar. 31—-
been.elected a
1766.
p.
Minneapolis & St. Louis Ry.—Earnings—
$1.07
renegotiations.—*
and
MacFarlane, Jr., Assistant Treasurer, has
C.
Warren
director.—V.
"
accounts.
326,478
152,157
93,408
71,079
Minneapolis-Moline Power Implement Co.—New Di¬
v
and contingencies—
taxes
income
1943
*1944
,
$854,996
;
144,804
Trucks, Inc.—Earnings for Quarter—
for
Reserve
345,466
420,588
168,505
68,658
income—
oper.
ry.
47,936
28,213
"
1—
Gross from railway
Net from railway
Net
1941
$107,498
249,757
142,077
35,318
14,954
1942
$102,328
34,281"
13,725
467,899
$126,363
From Jan.
.
*
1943 ;
$165,271
88,608
27,057"
1944
„
from
railway
Net from railway
Net ry. opef. income—.
.
.
RR.—Earnings—
Midland Valley
—V.
Prov.
—.
•
.
Quarters Ended March 31—
Profit
doubtful ac¬
prov. for
counts
■ ■
$29,897; reserves, $20,741,582; con¬
capital surplus, $24,059,757;
total, $124,205,548.—V, 158, p. 2048.
credits,
$3,093,919;
surplus,
March—
k
Gross
ma-i
556,883
Miscell. charges (includ.
■f
final
This 35-story structure, erected in 1931, is the home of
which, with its subsidiaries occupies a
City.
large part of the space. •
Mack
depletion
with
Oct.)
and
McGraw-Hill Publishing Co.,
the
deprecia¬
for
and
tion
$1,604,665.
income
reserve
Provision
April
semi-annually
(payable
$125,000
1956.
'
The loan was arranged through Hanmond, Harvey, Braxton Co. and
is secured on the McGraw-Hill Building at 342 West 42d St., New
665.358
Total
■
earned
turity April -1,
$3,223,880
491,055
Bonds dated April 1,, 1944; have an annual sinking fund provision;
t
of
deferred
aid of construction, $153,972;
tributions in
$2,400,000
.
'
trative
of
issue
$97,559;
bilities,
1st mortgage 12-year sinking
i'und 4s was recently placed" privately with the Equitable
Life Assurance Society of the United States.
1941
'
Issue Placed Privately
.McGraw-Hill Building—Bond
(& Subs.)—Earnings—
Lone Star Cement Corp.
*'
1865
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4279
159
<
with
and 1942,
and $923,966 for the similar periods of 1943
$899,167
respectively.—V. 159, p.
1660.
•
Net
.
income
Interest
1942
$1,037
893
487
638
502
of
as
Net
value of
par
$5
depl.,
(
deduct,
$1,319,410
290,692
322.891
314.493
11,844
11,625
119
356,872
840,774
271,456
$442,646
—
normal
Federal
•■'Includes
income
profits tax, $175,159: Federal
excess
Milo
plan until May 15.
adjournment was granted
The
at
request
159,
V.
from
1943
J
;
1942
tures
Net
Net
ry.
$3,451,587
$3,210,578
New
619,600
$2,540,347
525,566
for
*
$1,023,334
From
*121,070
152,179
97,907
87,951
Net
from
9,725,118
1,281,451
railway.—
railway.
*291,473
Net ry. oper. income
♦Deficit.—V. 159, p.
5,824,580
1,209,091
57,640
6,942,553
1,269,245
39,398
9,088,957
1,337,715
2,836
Louisiana
&
Net
$1,245,320
$1,023,334
$841,019
$0.52
$0.42
$0.41
share..
mot-convertible.-
York—V.
inc.
.
:
-
March—
Net
*
from
Gross
from
From Jan.
Gross
Net
from
from
—
from
loss
-
/-'i
railway
railway
Net ry. oper. income—
—V. 159, p. 1354.
4,930,421
1,962,808
527,277
tl943
"1941
$291,077
$313,952
1942
$636,185
$2,365,530
65,259
25,195
§167,690
88,258
4,890
33,324
425,409
1944
.
,
$58,519
$70,149
——_
*
;
•
profits taxes..
is
*
,
$257,719
18,578.
$42,154
Federal
Other
475,247
gDeficit—V.
959,746
141,232
109,184
1,799,359
67,063
63,763
769,990
975,868
762,567
135,683
taxes
taxes
112,192
1,313,920
1,197,843
$174,518
$176,715
$2,068,891
appropriation
'
Net
revenues-
oper.
839
Drl50
24,456
Other
income, net—
Gross
$177,554
$2,068,741
in revenue, for quarters-of 1944
income—
Interest charges
-Net
$175,066
81,4851
1,211,166
949,835
*$96,069-
$827,575
$1,331,432
: , 356,532
356,532
Dividends applicable to preferred stocks
—V.
-
.v
r
from
1944
Net
ry,
"
1943
1941
1942
income—
Qper.
2,079,448
Gross
Net
Net
from
from
ry.
—V.
1—
Jan.
2,362,379
2,112,956
50,478,477
22,308,965
6,421,462
6,319,776
33,495,813
10,657,594
5,479,394
McCrory
Stores Corp.—April Sales Up
-
In
April,
number
as
—
Period End.
Sales
—V.
April 30—
————
159,
p.
1944—Month—1943
$3,131,724
$2,979,792
1449.
3.210,707
2,127,088
...
1,013,373
183,258
McLeod, Kenora, Vice-President of the Canadian company
1936, has retired.
He will be succeeded by Ralph Batenian,
M.
D.
Mr. Stratton has served as Assistant to the Gen¬
1937.
Canadian operations.
company's Fort Frances mill, F. W. Woodman,
the
At
General Su¬
?
1943
1942
$113,331
42,377
$151,640
54,611
26,549
railway.i—
558,614
railway-
211,036
94,805
1944
and 1943
From
^
Gross
,
from
Net
ry.'oper.
—'V.
assumed
on
debt
on
charged
to
income.,.
159, p.-1449.
&
24,726
432,485
322,746
297,996
179,305
104,012
112,761
89,507
66,358
66,57§
Mississippi Power Co.—Earnings'
*
1941
1942
'
taxes
General
Federal
Fed.
$426,308
$5,606,877
178,368
-3,176,373
37,750
37,500
450,750
436,500
561,271
120,100
125,651
(571,175
)333,706
[173,980
359,952
$72,022
$84,788
$900,893
$994,952
,
___
income
prof,
exc.
$4,864,767
2,184,101
$468,459
238,587
revenue^
for depreciation-
Prov.
1944—12 Mos.—1943
1944—Month—-1943.
revenue
Operating
taxes..
taxes.._
Gross income
-
—
327,990
♦
23,620
281,097
287,491
$61,168
$619,796
$707,461
►
Net income
20,693
stock—.
.$5,821,728
1,745,543
30,942
133,568
Operating revenues
58,800
87:164
Operating .expenses
Cr9,015
10,702
Crl06,689
248,316
248,316
$40,475
$371,480
$459,145
$5,115,601
133,568
20,693
$27,329
pfd.
on
58,814
Balance
*
30.190
-
„.
/
18,395..
,
5,707
$895,823
474,086
....
taxes--,———
69,839
—
760,036
788,289
80,000
903,000
835,000
$133,220
615
—
Property retirement res.
appropriation
62,118
61,000
$161,763
$1,512,140
$1,664,948
$133,835
taxes—L_
Other
.■
1944—Month—1943
1944—12 Mos.—1943
$9,119,934
$867,481 $10,186,711
5,224,629
5,782,339
503,422
607,068
1,229,196
60,178
157,678
3l—
Period Ended Mar.
Federal
125,000'
Cr35,367
1557.
Mississippi Power & Light Co.—Earnings—
1,745,543
expense,
construction
deductions
24,000
$48,022
Int. and other deducts..
t-
$3,764,636
1,350,965
bonds redeemed
income
48,885
27,087
.
Period End. Mar. 31—
Gross
$4,540,727
1,281,001
interest
-disct.
redemption
1941
$114,263
40,688
1—
Jan.
from
Net
,$5,357,103
1,651,794
13,619
126,295
Other .interest charges....
;
Amort, of debt disct. &. expenses__
Taxes
$214,890
92,972
from
railwayNet from railway—•—
Net ry. oper. income—
.
$4,384,532
—
long-term debt.
on.
$3,398,553
-1,275,322
Net income
Preferred
Common'dividends
dividends
^
....
$3,851,186'
2,000,000
1,275,322
$3,220,118
1,175,322
Net oper.
revenues-
Other income—
$161,788
...
„
25.
,
3,404
632
$1,515,544
$1,665,580
,
——
.
.
27,674,447
9,118,293
tAfter reduction
year;
5,859,548
to
1941
of
$100,000
in
excessive provisions in prior years,
for excessive--provisions in prior
for
$128,000
1942
includes $90,000 applicable to prior years.
reduction
in
Federal income
Assets—Property, plant
$19,618,328;
special fund,
$3,869,251;-
$1,760,000;
stores, the same
•
of
taxes
iPortion equal
resulting therefrom.
5.1%—
1944—3 Mos.—1943
$8,266,378
$7,758,898
Sheet, Dec. 31, 1S)43
'
and equipment, $92,844^327; investments,
$143,956;
cash in banks and on hand-,
special deposits, $723,724; U. S.- Government obligations,
accounts receivable (less reserve for uncollectible accounts
$109,471),
$1,081,386;
total,
and dividend receivable, $171,195;
prepayments, $76,656; deferred debits,
interest
"materials and supplies, $642,445;
$3,274,280;
McLellan Stores Co.—April Sales Up
99,703
'6,492,153
...
income..:
2,175,400
'
1.14%—
,
8,808,846
2,009,761
1,021,244
12,362,320,.
,
1944—Month—1943
1944—4 Mos.—1943
$5,695,500
$5,631,464 $19,471,162 $19,788,160
1944, the company had in operation 202
in April, 1943.—V. 159, p. 1449.
9,957,870
2,146,225
1,153,424
$2,270,477
362,962
Kenora, General Manager since 1936.
S. C. Stratton, who joined Min¬
nesota & Ontario Paper Co. at Minneapolis in 1932, and was trans¬
ferred to Kenora in 1937, will become General Manager in charge of
Gross
Interest
•
Net
income
$124,205,548.
stock, $14,271,130; preferred stock, $21,062,600;
long-term debt, $37,972,900; accounts payable, $296,334; dividends payr
,
Liabilities—Common
deposits, $143,804; taxes accrued,
$1,452,547; interest accrued, $505,715; ether current and accrued liaable Jan.
1, 1944, $318,831; customers'
90,923
income
77,606
951,069
920,109
$42,912
charges
Dividends
Period End. Apr. 30—
482,489
Minnesota & Ontario Paper Co. (Minn.)—Changes An¬
972,571
;
Balance
•
$0.38
1449.
Sales—
832,156
517,912
President.
.
"
"After' deducting
35,131,189
20,709,168
income
oper.
159, p.
Gross
Interest
./,
railway-
railway
income
3,607,606"
T"
"From
$88,258
...
Operating income
Other
$9,971,407
railway...
$3,184,055
-929,708
..
...
Miscellaneous
railway- $18,089,941 $18,351,402 $12,176,307
6,822,027
8,482,695
4,415,278
from
Net
$3,599,873
nounced in Personnel of Canadian Subsidiary—
Four major changes .in the management of the Ontario-Minnesota
Pulp & Paper Co., Ltd., a subsidiary, with mills at Fort Frances and
Kenora, Ontario, Canada, have been announced by R. H. M. Robinson,
v
&
March—
Gross
1943
'
....
Interest
Louisville & Nashville RR.—Earnings—
—
.
Mississippi Central RR.—Earnings—
$16,619,184 $15,761,331 $14,494,065
5,034,044
.' 6,205,809 \ 5,525,697
747,284
Electricity purchased for resale....
832,259
; 703,714
941,693
Maintenance
999,241
934,356
Prov.
for
retirement
(deprec.)
of
„
1,573,000
property, plant and equipment..
1,722,000
1,716,000
Federal income taxes__—
*1,273,000
1,513,030
1,349,833
tl.160,407
Other taxes
?
962,312,
1991,003
tfUnamort.
1765.
159, p.
.
*
1449.
—V. 159, p.
102,876
,
1941
1,377,249
income...
oper.
159, p.
Divs.
$72,190
—
income...
".
from: railway
r.
•
,
railway
ry.
—V.
.
•-
1942
1943
1,042,546
r
March—
$After depreciation and-recapture due-War
(for
quarters of
1944
and 1943
only).
Metropolitan Edison Co.—Earnings—
$2,281,267
•
548
corporate books but not
$4,562,427
income
Net
.
$2,256,811
Property retirement res.
'
$177,827
$0.95
$0.21
1735.
158, p.
Operating, revenues
Operating expenses
$940,241 $12,722,559 $10,675,516
478,387
6,770,399
5,482,427
on
*-
railway
Net
513,181
1944—12 Mos.—1943
1944—Month—1943
$993,743
accrued
$88,258
partly- estimated pending negotiations with War Shipping Adminis¬
.tThe quarter of 1943 is stated
basis- of adjusted figures after provision for recapture due War
Shipping Administration,
Shipping
Administration
.
expenses
1944—3 Mos—1943
$134,961
$136,187
116,781
138,461
$45,381
46,155.
$45,341
38,921-
From January 1—
79,892
•
$39,941
$0.22
*
share.
com.
per
186,950
,
revenues
$514,510
•
1944—Month—1943
railway—....
Grosscfrbm
.
27,995
•
on
Louisiana Power & Light Co.—Earnings—
Period Ended Mar. 31—
$1,508,814
•
■-*
perintendent, will become Resident Manager.
All changes became effective May 1.—V. 159, p. 1693.
Years Ended Dec. 31— *
Operating
Operating
$265,816-
projects:
1944
from
Net .from
-.
tration regarding rate of charter hire.
2,330,981
defense
excess
eral Manager since
!
before
income
342,932
2,927,683
1,136,613
583,095
4,820,709
2,083,375
602,823
12,746
(Including Wisconsin Central Ry.)
Net ry. oper.
>
"Charter .revenue included
1941
$822,640
1—
(in
of
deprec.)J
depreciation
prop,
.
■
operj
Net income
Earns,
$1,054,004
440,627
224,149
$1,584,930
661,164
181,128
$703,278'
amortization
'March—
Miners Transportation Co.—Earnings—
transactions
taxes
'
.
.
1942
-1943
1944
$1,539,778
550,931
8,678
-■■■;
*•
Net
excess
142,873
income
oper.
ry.
'
railway
railway
$1,517,492
4,260
being paid currently.
.
159, p.. 1765.
Prov. for Fed. income &
(Includes Louisiana, Arkansas & Texas)
Net
.
fDoes not include interest being
'V
quarter ended March 31, 1944,
over the corresponding period a
gain on other prof.
and
'
1449.
Arkansas Ry.—Earnings—
$270,076
28,578
12,038
-
.
charges
charges——
Equipment
Road
Gross
j
4,361
$1,507,518
9,974
$706,136
net, Cr_.
$265,714.
available. for
**Includes
first
are
tNet
1—
Jan,
from
$527,256
$697,757
8,379
income-
oper„
being paid curr
1,799,586
200,000
—
common-,
"Total revenues
488,803
-
Gross
46,349
$515,218
ry.
•
Net' after fx'd. charges
$1,041,019
*
inventory decline.—
Quarters End. Mar. 3'1—
$2,070,216
498,998
income—
oper.
Cr81,374
43,228
Income
$2,840,605
$1,245,320
2,631,431
-Y'.'.'V'
• v -'
Payment for the mortgage bonds will be made at the office of the
trustee, Mercantile Commerce Bank & Trust Co., St. Louis, Mo.; the
Kentucky Title Trust Co., Louisville, Ky., or the Chase National Bank,
1941 J-
1942
1943
$480,193
Drll,397
.13,797
—
v
$4,078,090
2,832,770
$3,654,765
;
Merchants &
1944
.
railway—
$1,562,144
Cr28,709
.
,
railway-—
from
Net
$250,802
$724,435
Drl0,561
16,117
taxes—...
equipment
fFixed
1944
Voit, President, announces that all of the outstanding $1,mortgage 4'/2%- convertible sinking
fund bonds due
1, 1947, have been called for payment on June 21, 1944,. at
100 V-z and accrued interest.
Bondholders may redeem their bonds- at
any
time,- with " full > interest to June 21.
The redemption follows recent sale of $2,500,000 33A% 15-year sink¬
ing fund debentures, proceeds from which are being used to retire the
mortgage bonds and. the remainder added to company funds.
The
mortgage bonds were convertible into common stock; the new,, deben¬
Long Island RR.—Earnings—
March—'
Gross
381,406
facility rents,. Dr.
since
{
447,126
Other income,
'•••.'
March
Counsel
1765.
p.
861,599
138,151
•i
A.
568,000
counsel for a com¬
the com¬
of
2,009,270
of
Gross
if the plan as now constituted is .approved
by the Commission, the company intends to put into motion machinery
whereby preferred stockholders would have a voice in the election of
directors.
This right is now confined solely to common stockholders.
also
r
Co.—Earnings—
Mengel Co.—Calls Issue of 4%% Bonds—
Alvin
lor the company stated that
Bee
the Manila
on
'
Commis¬
above company's recapitali?
to
mittee
1556.
Plan Postponed
representing certain preferred stockholders to enable
present a witness to point out defects in the plan.
mittee
1944,
1,
$33,419,241, an increase of 6.3%
earlier—V. 159, p. 1557.
year
Maltbie, Chairman of the New York Public Service
B.
sion, on May 2 adjourned hearings on the
zation
"/
Note—Sales and rental income for the
and declared value
profits tax (less post-war
Long Island Lighting Co.—Hearing on
388,953
after
Net
Joint
surtax
tax,
excess
pedit of $61,165), $551,015; State income tax, $11,126.—V. 159, p.
t-1
May
profit after Federal taxes
Earnings; per.
$814,369
$840,774
$436,177
due
Balance
were
Profit
876,023
151,588
Net
of normal
V
6.447
*737,300
(est.)
taxes
4,482,570
ry.' revenues—
$538,831
r
420,720
..
344,990
224,043
302,723
;
j.——
-
inc.
$205,291
taxes
for
Provision
$1,827,486
$2,349,549
383,301
Interest
Accru.
Net
for
$1,877,814
Depreciation
$287,057
Federal- taxes
before
Provision
int.
&
$5,344,169
5,133,755
fixed
Profit-
——
deprec.
Depletion
$7,143,025
1,518,251
1941
1942
1943
1944
interest
Marshall Field &
Earnings for Quarter Ended March 31
(Long Bell Lumber Co.)
before
459,455
Quarters Ended March'31—
.
Gain
434,313
RR. Southern Lines
first mortgage 4% extended gold bonds, due 1959, was paid on-that
date
at office of Philippine National Bank,
New York agency—V.
158, p. 1859..
•. ■•<
"
share.
per
152,517
$111,208
income
The
The Long-Bell Lumber Corp. owns
jpractically .no other assets.
Therefore, in addition to giving its own
income account, it gives also the income account for the period of
The Long-Bell Lumber Co.
V
v. "v;
a
144,206
Manila RR.—Interest Payment—
;<
of 1,007;801 shares of the common stock of The Long-Bell Lumber Co.,
which at the time had outstanding 1,991,130 shares of common stock
of
$1,907,204-
1,760,772"
$998,286
"Rentals, interest, etc. —V. 159, p. 1660.
the period was the owner
close of
the
$1,539
$2,325
$2,636,796
expenses—.—;
revenues—.
Hire
$1,050
$2,623
corporation
$639,604
1941
$1,687
;—
Note—The
$439,574
1944—3 Mos—1943
1944—Month—1943
Period Ended Mar. 31—
Taxes
1943
$563
1944
Loss for three months
$255,414
income
"Deductions
$1,730-
3 Mos. End. Mar. 3L—
bef. deduct, for int.
Minneapolis, St. Paul & Sault Ste. Marie Ry—-Earns.
'
Total
"Total
Long-Bell Lumber Corp.—Earnings-
Loss
55,810
,
Gross
,
oper.
ry,
Other
*
$84,182
$564,575
$745,471
396,978
403,608
applicable to preferred stock
1356."*
—
—V. 159, p.
Missouri & Arkansas Ry,1944
March—
Gross
Net
from
from
Net ry.
railway
oper.
From Jan.
Gross
from
Net
from
Net
ry.
—V.
i
-Earnings-
»
1943
1942
1941
\
$125,394
36,512
income
$223,317
64,512
24,417
$208,338
$130,298
57,737
35,564
19,126
17,745
20,558
614,350
railway
555,423
371,444
331,777
171,875
143,444
78,877
81,409
57,355
46,619
26,500
35,868
1—
railway
railway
oper,
*
income
159, p. 1356.
Gross
Net
from
1943
1942
$256,512
99,651
35,603
railway
from railway.
Net
ry.
Income
oper.
Prom Jan.
Gross
$257,507
$246,201
$206,221
117,588
110,904
100,755
36,910
47,443
52,906
654,852
567,678
293,664
278,918
133,768
156,977
Net
ry,
—V.
755,580
350,123
769,028
railway
316,388
108,590
railway
income...
oper.
97,695
159, p. 1693.
April
on
,
to Date
1943
1942
$6,903,717 $3,855,029
2,174,557
1,288,722
736,892
794,379
Earnings for March and Year
1944
March—
raliway
$6,535,311
railway..—2,088,352
1,054,785
oper. income...
from
from
Net
Net
ry.
from
Net
ry.
—V.
railway..—
$2,637,493
728,440
347,641
5,893,730
income—
1766.
2,470,722
oper,
159, p.
10,608,165
7,256,612
3,186,810
1,770,078
1,717,948
19,507,628
6,430,394
2,674,881
18,657,936
railway.—
from
Net
721,386
Missouri Pacific RR.—Earnings—
Net
Net
ry.
railway
from
—V.
income...
oper.
7,067,288
4,424,972
the
Vice-President
Fagg,
elected
James
of
24,175,567
of the Bank of Manhattan Co., has
a vacancy created by the death of
W, Ferguson on April 2.
Mr. Ferguson had been Chairman
board.
This office is still vacant.—V. 159, p. 1450.
Charles
been
1,453,233
to/ fill
director
a
Monongahela Ry.- -Earnings—
Net
ry.
905,320
oper.
1,789,282
3,011,916
1,693,027
997,155
333,263
income—
Jan.
292,911
349,618
129,655
153,663
1—
From
Net
from
Net
ry.
.
railway
oper.
159, p.
income—
1445.
1,337,101
826,566
414,205
Ward
Co.—Further Details in Com¬
&
logical consequence of the Government's claim of
the happenings; in the com¬
of its Chicago plant by the Govern¬
•"
April 27—Two soldiers of the Army detail which seized the com¬
pany's Chicago plant on April 26 forcibly ejected Sewell L. Avery,
Company Chairman, from his own offices which he refused to yield
to
authority even of President Roosevelt.
The troopers carried Mr.
Avery bodily out of the administration building.
Late in the day the first of the legal moves and counter-moves took
shape.
Attorney General Francis, Biddle asked the Federal Court at
Chicago for an injunction prohibiting Mr. Avery and other executives
from obstructing Government operation- of the Ward units and com¬
pelling them to turn over corporate records.
Ward attorneys petitioned the District Court in Washington, D. C.,
for an immediate trial of the company's suit for an injunction re¬
straining enforcement of the War Labor Board's order directing the
ment
listed
is
Below
seizure
April 26.
on
April
Government's
demanding
of
seizure
the
a CIO union.
congressional investigation of
forced to the House floor
with
expired contract
an
resolution
28—A
a
plant
mercantile
a
-stands."
('
1
,
Investigate
Senator
and
"hamburger
a
-
The
special. House committee of
Rules
Committee
sets
*•
seven
pattern
the
-
to
for
legislation.
Byrd, Virginia Democrat introduced a resolution
Committee investigation of the seizure of the plant.
Republicans opened a general attack on the seizure. Senator
said that under Mr. Biddle's opinion "the Government
in and take over every corner drug store in the country."
Senate
(Rep.)
Bridges
could
of
homes
-
create
seizure.
the
take
can
Harry JF.
Judiciary
a
he
"
consideration
floor
for
establishment
resolution- Would
The
move
Byrd told the Senate the seizure has "ominous implications
Senator
which
■"Are
should
the
April
receive
coming
we
cherish
to
a
be
to
Stockholders Approve Avery's
Sewell L.
who
soldiers
29—The
properties
the Chicago
seized
of Mont¬
and the Government's operating manager.
temporary injunction granted April 27 by
Secretary of Commerce
He
explained that the
Holly restraining Sewell L. Avery, Chairman,
executives from interfering with Federal operation
Federal Judge William H.
other company
and
the
of
plant
labor
continued
made
National
The
of
issue
the
determine
of
presence
military
the
forces
for
policies,
his
more
and
prevent
a
industries.
Mr.
Labor
before
whether
Board
Relations
Samuel
H.
local
the
of
union
the
for a review
rthe NLRB, to
hearings
opened
trial examiner fo
Jaffe,
United
Mail
Order,
Ware¬
Retail
breakdown
of
own
Government
mediation
proceedings
in
other
manager,
of employment,
Ward's
NLRB
whether
Government
the
Board
Chicago
claims
Government
2—The
May
Ward
ordered
Trial
its
an
employees
want
received
before
union
the
authority.
election
at
the
of
a
within
held
seven
days
to
properties seized by
The order, issued after
Chicago
representation.
record
Examiner
two-day hearing concluded in
H. Jaffee, directed George J.
to set the date for the election
Samuel
Bott,
Chicago NLRB regional director,
supervise the balloting.
Arguments were ended May 2 on Attorney; General Francis Biddle's
petition for an injunction to restrain Ward officials from interfering
and
said
held
was
per
Cr59,500
$300,890
$380,746
$470,041
$0.48
$0.63
$0.79
$0.97
share_
com.
8,806
1356,
to
with
and
Co.—Obituary—
name
decided
was
upon,
Charles
to
according
has
mail
postal
machines,
and
R.
letter openers
scales,
parcel post
and
production con¬
sealers, multipost stamp affixers and ticketograph
trol
systems.
"Commercial
field
of
Controls
service
for
expansion
our
better
and
firm
definite plan to provide business with
and
systems in order that mailrooms
and other
function with greater simplicity and speed.
machines
"Insofar
Mr. Ogsbury said, "implies a wider
gives evidence of another step in
Corp.,"
our
program—a
departments may
wartime
as
has
plan
this
permitted,
have
conditions
al¬
operation.
New machines have been de¬
control systems are in the making, ready
the day when materials and manpower are once more available. *
been
signed
for
The
active
into
put
and
business
new
internal
structure
and
of
personnel
organization
the
remain
unchanged.
General
and
plants
'■
'■
■
Y.,
at Rochester, N.
agencies in principal cities.—V. 155, p. 505.
offices
branches and
'■
located
are
v
'
with
'
:
♦
:;'J
Subs.)—Earnings—
National Steel Corp. (&
'
"
"Quarters Ended March 31—:
'Profit
from operations
from
Prov.
interest
for
Interest
Brooks, Vice-President and a director of this company and
of its Plastics Division at Springfield, Mass., died
on April 2.7 on a train en route from St. Louis to New York.
Mr. Brooks was also President and a director of Shawinigan Resins
of
of
metered
one
C.
Corp.,
change
President, because it is more descriptive of the broadened
operations upon which the organization is entering.
National
manufactured
of
what
has
been
known
as
the NPM line of
field
ready
the
unanimously
Commercial
Corp.
Ogsbury,
in
company's history, he
about
$4,100,000, equal
in
Inc.—Changes Name—
special meeting held on April 25 the stockholders
change the corporate name of this company to
a
The
and won their
in
$7,500,000,
John
Prov.
-
$11,130,956 $12,375,771
$10,324,941
3,294,067
436,746
4,850,000
2,926,577
443,344
6,325,000
2,364,83(
459.272
4,825,001
$2,550,143
2,206,267
$2,680,850
2,206,267
$1.21
$2,675,830
2,205,667
$1.21
depletion
&
depreciation
charges
Federal
for
1942
1943
1944
and income
dividends
and
taxes
income
on
Manager
affiliate.—V.
Monsanto
a
159,
1356.
p.
Net
profit
shares
Common
Net
outstanding
$1.15
share______
profit per
operation
he would make his
of
the
firm's
decision
Chicago
May 8.
facilities.
Judge
selling and general expenses, etc., but
and depletion, interest charges and Federal taxes
'After, deducting cost of sales,
Munsingwear, Inc.—Earnings—
before
___
_
$15,137,386 $12,620,115
_
sales
Net
Operating
profit
Miscellaneous
Net
27,338
taxes
1,087,760
income________
on
280,000
share
Sheet,
Net
$2.86
in
banks
and
on
hand,
payable,
Nash-Kelvinator Corp. (& Subs.)—Earnings-
and
after charges
income
Outstdg.
Earns,
$491,064
4,291,195
$0.11
Note—Income
$0.14
sh.
the
for
taxes
$1,551,325
4,291,195-
$590,204
4,291,195
shares
common
per
six
months
$1,245,135
4,291,195
$0.29
$0.36
March
ended
31,
1944,
Preferred Stock
Approved—
'
The
thirds
stockholders
in
by affirmative vote of more than twoof the capital stock, ratified a pro¬
May
on
of
interest
each
class
incorporation. In effect it eliminates
the non-callable provision of the first and second preferred stocks and
entitled holders of first preferred stock to receive $140 per share and
holders of second preferred stock $125
per share plus accrued and
unpaid dividends in event of voluntary liquidation,
The said stocks
are also made callable at the price stated.—V. 159, p. 1450. •
«•*
posal amending the certificate of
National
There
have
the
30
purchase
called
redemption as of June
for
Pine St.,
1,
income
been elected Assistant Secretary.
Balance
Profit after deprec.,
Interest,
amort,
etc.
266,516
etc
Federal income tax,
$9,354,002
etc.
6,149,152
$8,360,468
$2,307,125
330,460
t5,705,001
238,721
1994,951
$1,267,495
210,246
252,931
$1,073,453
$0.53
$804,318
$0.39
.
profit
per
$2,938,334
$1.44
share___
$2,235,007
$1.09
established
National
1943 Revenue Act.—V.
Fire
Insurance
159, p.
1042.
Co., Hartford,
Conn.—Elects
payable,
F.
HL
D.
B.
Layton, President
Collamore
as
will serve as President and
of the United National
Vice-President
accrued taxes,
wages,
in¬
$9,501,610; 10-year 2%% note payable serially 1944 to
instalments due within one year of $200,000), $2,612,500;
$2,150,606; 5VaVo
cumulative preferred stock (par $100),
$22,640,400; 6%
cumulative preferred stock (par $100), $6,468,700;
$2 10-year cumulative preference stock (par $40), $11,181,480;
com¬
mon
stock
(par $10), $11,549,280; earned surplus, $7,843,834; total,
(less
1952
$83,529,849.—V. 159, p. 1558.
'
'
National Tea Co.—Sales Rise1944—4 Wks.—1943
1944—16 Wks,—1943
$7,599,237 $6,813,073 $29,844,278 $28,338,003
Period End. Apr. 22—
Sales
—V.
159, p. .1767.
.
Period End. April 30—
Sales
159,
For
of
..
Inc.—April Sales Off 2.8%—
1944—Month—1943
1944—4 Mos.—1943
$3,093,019
$3,181,464 $10,240,545 $10,140,280
1450.
p.
Gas & Electric Association—Output—
the week ended
April 28, this Association reports electric output
kwh.
This is an increase of, 801,449 kwh,, or 6.92%
production of 11,584,294 kwh. for the corresponding week a year
12,385,743
above
ago.
an
output for the April 28 week is reported at 129,898,000 cu. ft.,
15,684,000 cu. ft., or 13.73% above production of 114,-
increase of
214,000 cu. ft. in the corresponding week a year,
New England Power
This
Association
reports
ago,—V. 159, p. 1767.
Association—Output Up 2.83%—
number
of
kilowatt
hours
available
for
territory for the week ended April 29, 1944, as 60,907,395, com¬
pared with -59,229,620 for the week ended May 1, 1943, an increase
its
of
2.83%,
1
306,
V.
an
159,
increase
pp.
•
'
'
figure for the week ended April 22, 1944, was
of 1.61% over the corresponding week last
1767, 1695, 1558.
Comparable
of this company,
Executive
$6,675,260;
etc.,
note
reserves,
President of Affiliate—
Holly
Sheet, March 31, 1944
supplies
shares of common stock,
by the
for
(other than
;y. •
;
$9,244,850),
flncludes excess profits tax.
Note—Provision for Federal income and excess profits taxes for the
three months ended March 31, 1944, has been estimated at the rates
'On 2,045,451
taxes
$2,706,180; instalments due within one year on 10-year
payable, $200,000; reserve for Federal, State and foreign
income and excess profits taxes, and
renegotiation of profits under
the Federal renegotiation law (less U. 3. Treasury notes,.tax series, of
2%%
Gas
Net
'Earnings
for
costs
New England
1941
1942
$580,490
merchandise,
and
Corp.—Earnings—
1943
1944
and
finished products, work in process, raw ma¬
(less reserve for inventories of $1,808,427), $34,incurred in respect of defense facilities reimbursable
by Government upon completion and/or acceptance thereof, $146,358;
investments and other assets, $3,492,941; fixed assets (less reserve for
depreciation of $14,077,433), $19,407,946; deferred charges, $90,878;
total, $83,529,849.
resale
terials
(Including Wholly-Owned Subsidiaries)
3 Mos. End. Mar. 31—
$1,193,106
account has been charged with $535,219
Assets—Cash, $8,226,935; notes ana accounts receivable (less reserve
for doubtful notes and accounts of $920,225), $17,230,005; inventories
—V.
National Distillers Products
.
r',5,306,000
:«
amortization
and
taxes).
depreciation
4.
;,'
—
above
Neisner Brothers,
159, p. 1766.
the Fed-
income
Note—The
in pome
56,340
—.—
Net
Y,
Mrs. Elizabeth Harrison Dreher has
$6,555,445
Federal, State and foreign income and excess
for
New Official—
—V.
86.428
—_____
renegotiation law_'____'
1944, pursuant
fund
New York, N.
$6,469,017
__
eral
Corp.—Debentures Called—
Dairy Products
been
provisions of the indenture, $550,000 of out¬
standing 3'A r/o debentures, due 1960, at 104Vz and interest.
Payment
will be made at the office of Goldman, Sachs & Co., fiscal agents,
to
____
Liabilities—Accounts
Change in Provisions of
Candy Co., Inc.
_____
profits taxes and renegotiation of profits under
terest,
National
_
deductions
Provision
and $2,208,000 in 1943.—V. 159, p. 1557.
amounted to $3,575,000
$8,493,128
2,024,111
;—
income
934,786;
taxes
common
—_
—
operations
from
$40,441,555
31,948,427
—
operations
expenses-—
income
Other
of
1944—6 Mos.—1943
1944—3 Mos.—1943
Period End. Mar. 31
Net profit
profit
Total
$1,412,844; accounts
$177,806; accrued expenses, $154,199;
reserve for taxes, $1,359,954; reserve for contingencies, $100,000; capi¬
tal stock (140,000 no par shares), $1,500,000; capital surplus, $3,044,181; earned surplus, $403,873; total, $6,740,012.—V. 159, p. 1356.
Liabilities—Accounts
from
general
and
Other
—,J'
income
Gross
Selling
81, 1944
customers
to
sales
of
315,000
receivable
(net), $1,426,333; war contract termination claim, $126,057; inven¬
tories, $2,339,050; prepaid expenses, $35,497; U; S. Government securi¬
ties, at cost, $240,000; cash surrender value of life insurance policies,
$50,424; miscellaneous investments," $1,002;; investments-.- in; = and ad¬
vances
to, subs., $58,368; land, buildings, machinery: and equipment
(less reserve for depreciation, $855,359), $1,050,438; goodwill, trade¬
marks, patents, etc., $1; total, $6,740,012.
Assets—Cash
Subs.)—Income Account—
(&
Three Months Ended March
1913
31,
Dec.
*
$3.16
____.
Balance
Cost
966,350
$400,484
__
Earns, per
Supply Co.
17,471
(net)
income
Dividends
$1,384,304
$443,273
for
Provision
$1,558,372
___
charges
1394.
p,
Account for
Income
1,709,065
1,726,571;
Operating expenses
National
9,526,746
_______—11,852,443
Cost of merchandise sold-
159.
1942
1943
sales
depreciation
income.—V.
on
the Years Ended Dec. 31
Account for
Comparative Income
Net
to
Federal
Cr48,20G
National Postal Meter Co.,
At
'
;
exception were the largest for any
said.
Net profits after taxes
amounted
to
to 72 cents a share on the
common stock, against 70 cents a share a year ago.—V.
159, p. 1766.
•
with
$520,000
'After deducting $327,526 in 1944, $241,965 in 1943, $141,594 in 1942,
and $124,535 in 1941, provision for depreciation.
tBefore other ■ de¬
ductions and Federal income taxes.
$Including $858,500 in 1942 and
approval of unions, but de¬
and called
expressed
his
reiterated
controls
has his own set of books.
The only controls
exerted by the Chicago headquarters are in matters of general policy,
Mr, Smith asserted, adding that none of the' affiliates are important
in
direct production of
war
goods.
He stated that seizure of the
properties was not justified by the War Labor Disputes Act, under
decide
$1,169,500
y
profit
Earns,
defiance of "the un-American closed shop"
business statesmanship in national Government.,
Avery,
quarter
matters
the
Net
voted
the strictly business phase of the meeting, said the
company's inability to obtain adequate supplies of merchandise had
resulted in 9 %
sales decline in the first quarter of its fiscal year.
Profits before taxes, but
after "allowances for strike losses," were
attorney introduced affidavits purporting to show
manufacturing subsidiaries, each has its
who is independent of the Chicago headquarters in
while
the
22,385
747,500
normal
profits tax____
excess
of
approval
open
meeting
Mr.
Smith, Ward
that
whi<?h
Fed.
taxes
Post-war refund of Fed.
the hotel because of what the company
termed "trespassing" on Ward property, referring to the presence of
Washington officials and solciiers called in to enforce a Presidential
order for Government seizure and operation of the company.
The
un¬
Employees (CIO) still represents a majority of the
company's mail order workers.
It was' the refusal of Mr. Avery to
obey a WLB directive ordering it to recognize this union and continue
in force an expired contract with it which caused the seizure action.
John Barr, company counsel, and Francis Heisler, union attorney,
stipulated that an election should be held on or before June 7, if
the NLRB requires it.
May 1—Declaring the Government's seizure of the properties has
caused indignation and fear throughout the country, Harold A. Smith,
chief counsel for the firm, began his argument May 1 before Judge
Holly seeking to set aside an injunction restraining Ward officials
from interfering with Government operation.
A statement of the Government's case was given by U. S. Attorney
General Francis Biddle, in which he sought to show that: (1) Operation
of the mail order firm's properties
is vital to the war effort and
hence subject to seizure by the President under the War Powers Act,
and
(2) intervention in the Ward union dispute was necessary to
house
41,928
$230,502
for
income
Action—
Avery went before the shareholders April 29
unanimous
clared
necessary.
»
10,999
$998,846
deductions
Prov.
his policies.
About 350 shareholders
crowded into the Crystal Room of the Blackstone Hotel,
applauded
repeatedly and re-elected Mr. Avery by casting 3,786,972 votes for
him and an approximately equal number for the twelve other directors
who had supported their chairman in his clash with the Administration.
One among the throng spoke against Mr. Avery's policies and joined
with two others in refusing to vote for a resolution expressing whole¬
hearted approval of the management and "full confidence" in him.
Mr. Avery left no doubt that he would continue the fight against
what
he
termed
Administration dictatorship.
He defended Ward's
Himmler?"
American
an
at
drawn
12,315
$1,551,917
1,670
639,825
Other
unrestricted
'
9.
almost
quickened public interest" and asked:
in this country? Does Francis Biddle
very
Gestapo
a
ambition
Ward, April 26 on orders from President Roosevelt were with¬
noon, April 29
at the request of Wayne C. Taylor, Under-
gomery
5,955
$1,011,275
$225,000 in 1941 for Federal excess profits tax.—V. 159, p.
was
April 28 by a coalition of Republicans and Democrats who squeezed
it through a tumultuous session of the Rules Committee by one vote.
Backers of the resolution declared that if the President can seize
ttuch
6,403
$864,055
income
,
extend
to
concern
the
chronological order
in
affairs following
pany's
told
Government's brief which
was filed with Judge William H.
Holly earlier.
George J. Bott, regional director of the NLRB announced .that a
collective
bargaining election for Ward's employees would be held
General
pany's Affairs—
$1,539,602
$1,005,320
$857,652
&
The brief was the company's answer to the
Monsanto Chemical
Montgomery
but
power."
about
1,708,071
railway.—
Gross- from
—V.
371,806
321,318
railway
from
Net
545,165
349,398
220,638
615,066
626,474
356,639
116,364
599,494
railway—_
from
Gross
1941
1942
1943
1944
March—
29, '41
$937,847
Apr. 1, *44 Apr. 3, '43 Mar. 28, '42 Mar.
oper.
rents
tNet profit
resolution was amended at the request of Majority Leader
Barkley of Kentucky to provide for the investigation of the manage¬
ment's labor policies.
,
"Ward in another phase of its court battle with the Government as¬
serted in a brief filed in Federal Court that totalitarian Government
the
from
divs.,
miscellaneous
Judiciary
group
"is
profit
"few days."
within a
public hearings
begin
events
2,387,861
Mills, Inc.—New Director—
Mohawk Carpet,
'Net
Controls
1766.
159, p.
3 Months Ended—
Committee said
Chairman McCarran of the Judiciary
would
(& Subs.)—
National Malleable & Steel Castings Co.
Earnings—
to investigate also the management's labor policies and
leading to the seizure.
The resolution, introduced by Senator
Byrd gave the Committee special authority for an investigation which
Chairman McCarran
already had begun under general authority of
the Committe to inquire into effects of Presidential orders.
the
$8,412,966
32,273,517
10,503,535
7,167,196
53,105,117
25,523,946
11,883,670
57,493,614
24,673,434
8,699,272
railway
from
a
Interest,
the Senate,
group
May
1—
Jan.
Prom
out
T. A.
affiliate of National Fire Group companies.
an
Long has been named Underwriting Vice-President,
A, J. Smith of
Zweig, Smith & Co., W. A. Eldridge, Vice-President of Central Hanover
Bank & Trust Co., and W. F. Doyle, Vice-President of Irving Trust Co.,
have been elected directors of the affiliate.—V.' 159, p. 1450.
the
May 3—The Senate unanimously approved an inquiry by its
Committee into the Government's seizure of the properties,
1941
' 1942
March—
$19,825,621 $18,468,599 $11,643,862
Gross from railway
8,035,806
8,995,849
3,961,198
Net from railway.
2,787,608
3,673,908
2,756,930
Net ry. oper. income1943
1944
Gross
seizure
Indemnity Co.,
The Byrd
1941
1—
From Jan.
Gross
the President had a right
questioned his acts in similar
felt
have
had not
and
business.
his
17 denied the
branch line of
Mo.
Gross
courts
the
emergency
an inquiry by that branch.
investigation is to determine whether the War
Labor Board acted properly in citing the Ward plant's labor troubles
to the President as a war industry
dispute, and whether Attorney
General Biddle was
correct in ruling that the firm is engaged in
In
application of the road to permit
abandonment of a
railroad extending in an easterly
direction from a connection with the main line at Walker to the end
of the branch at Eldorado Springs, approximately 14.04 miles, and 1.18
miles of yard tracks and sidings, all in Vernon and Cedar Counties,
ICC
an
Specifically
war
Missouri-Kansas-Texas RR.- -AbandonmentThe
in
emergencies.
Separate Senate and House investigations of the Government
of Montgomery Ward & Co.'s, Chicago plant were assured.
Chairman
Sabath of the House Rules Committee reported
resolution by Rep. Dewey for
1—
from
from
Net
act
to
1941
1944
asserted
Biddle
Mr.
Missouri Illinois Ry.—EarningsMarch—
Monday, May 8, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1866
■
60,596,year.—•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
Volume 159
per
Years Ended Dec. 81
1943
sales'—
Net
sales
of
Cost
:
——
-
———
—
—
and with net asset values as of March 31, 1943, of $3,244,
debenture, $613 per share of preferred stock, and $9.95 per share
common,
New Idea, Inc.—Earnings—
Income Statement,
Selling, adminstf. and general expenses-.—,—
1942
$4,453,839
2,641,286
948,445
$6,567,55?
3,870,813
1,203,476
—
$864,108
The
corporation's investments
as of March 31, last, had an indicated
compared with $20,229,757 on Dec. 31, 1943, and
$22,115,282 on March 31, 1943.
value of $20,210,464,
Ended March 31
36,592
35,342
—;
Other
1943
1942
interest..
completed
Uncompleted orders, March 31
Billings against orders
1941
$245,267
$226,793
—
——.
177
1,034
700
income
1944
Gross
profit from
Income
——$900,700
——————1 ■
324,218
income i
taxes
——
$1,528,611
338,088
81,599
500,708
$494,883
$689,814
272,000
299,200
$1.82
$2.54
♦Excess profits tax—————
Gross
income
General
$272,955
$245,445
$227,828
25,436
31,395
32,734
expenses
Net
operating profit
Other income
Net
profit™
Cash dividends—
Earnings
.
-
—
share
per
-
——————
deducting post-war refund of $9,143 in
•After
■1942.-
1943 and $55,634 in
Note—Provisions for depreciation of plant and equipment included as
$66,995 in
statement amount to $60,904 in 1943 and
the foregoing
1942.
Assets—*
securities
Treasury
♦Customers'
—
—
—.1—
:
——
Total
—
„
r
•
—
-
—
Federal
65,914
1,430,110
:
.
:
1
:
55,634
43,150
610,819
■
,
$6,311,494
$6,503,971
$63,316
88,960
$53,899
57,096
and commissions-;——
wages
23,261
income————-
on
120,254
1,100
.......
$115,060
$76,180
37.50G
———————
possible future inventory price declines and war contingencies
—
Earned
(272,000
surplus
no
shares).
par
37,815
39,435
41,265
Reserves for
...
Sheet, March St, 1944
Amount
'
(less
$37,147;
reserve),
\
(1,300,000 shares), $6,500,000; capital surplus, $7,689,920; un¬
depreciation
of
investments,
Dr$283,184;
earned
surplus,
total, $21,983,658.—V. 159, p. 1044.
realized
550,000
2,252,000
2,651,564
$6,503,971
♦After deducting reserve for doubtful
receivables, discounts and col¬
tAfter deduct¬
for depreciation of $994,258 in 1943 and $940,250 in 1942.
lection expense of $31,000 in 1943 and $13,000 in 1942.
$637,993
$869,604
earned per
share—
common
$0.27
$0.38
.....
300,000
J.
24
H.
Van
stated
its
and
annual meeting held on April
than $95,500,000 of orders on
and anticipates a con¬
Alstyne,. President
that
books,
the
supply
at the
has more
company
represented
by, letters
of work
intent,
of
ahead.
In addition
to elevator
maintenance
the cbmpany is engaged in war work for naval
buildings.
Mr. Van Alstyne said he expects good business after the war.
Some
progress has been made in developing new elevators and escalators
for peacetime production, he added, and the company is in a position
quickly to resume civilian production.—V. 159, p. 452.
vessels
services,
and
Government
$475,168;
Penn Valley Crude Oil Corp.
Norfolk Southern Ry.^-Earnings-
44,774
550,000
2,252,000
2,874,446
$1,169,604
.........
siderable volume
Liabilities—Accounts payable,
$2,445; interest and dividends pay¬
able, $114,905; 20-year 5V2 % debentures, due 1950, $4,966,000; reserves
for taxes (partly estimated), etc., $17,841; deferred commissions, $563;
class A preferred stock (25,000 shares), $2,500,000; class B common
300,000
$1,037,993
400,000
Has $95,500,000 Orders—
investments
$20,210,464; unamortized bond
miscellaneous assets, $8,673; total,
value),
$77,207;
210,000
conting.
post-war readjustment &
Net income
receivable
expense,
$21,983,658.
881,445
$6,311,494
Total
Balance
indicated present
and
3,235,000
Provision for Federal income, surtax and excess
profits tax payment
.
Post-war refund (estimated credit)—..
.....
.
pre¬
dividends
and
(securities at
1944
from
Net
railway
from railway
Net
ry.
Gross
1943
1942
1941
$735,433
221,239
102,885
$554,336
Net
ry,
—V.
liabilities shown
155,136
64,150
March 31,
156,752
40,967
-
•Chronicle" are
as
of
See V, 159, p. 1768.
Pennsylvania Coal & Coke Corp.—Earnings(And Wholly-Owned Subsidiaries)
railway
railway.—..
1,958,687
363,680
1,994,235
1,495,940
1,192,909
561,071
338,300
236,013
income...
141,656
254,514
159,421
85,651
oper.
Balance Sheet—
in last week's
90,644
89,190
1944.
1—
from
from
and
$420,250
income...
oper.
Net
The assets
$701,225
March—
Gross
From Jan.
reserve
A
...
Condensed
interest
$4,104,604
2,345,000
$85,224
133,777
■
Assets—Cash,
$537,357;
U. S. Treasury obligations, at average,
(market value, $1,113,228), $1,110,000; accounts receivable, $2,811;
discount
367,694
$3,172,993
cost
Reserve for
Common stock
stock
$3,736,910
406,940
—
$219,001
13,193
414,960
44,552
—....
taxes
Other taxes accrued—
class
on
stock
...
...
.
Miscellaneous accruals
Accrued
120,760
1,447,070
64,777
—54,172
—'
586,168
equipment
;
———
and trade-marks—
Accounts
ing
103,848
8,200
$159,862
1942
:
$227,462
4,070,881
patents
.Liabilities—
payable
Accrued salaries,
•
$439,297
3,599,249
profits taxes——-—
excess
expenses
tPlant and
Designs,
——■
receivables
——
Post-war refund of
Prepaid
Divs.
ferred
1943
•
—_.
S.
Inventories
•
77,300
$196,433
&
Sheet, Dec. 31
Cash
.
$220,008
taxes
Net income
(/
Balance
<
$245,362
taxes, etc—.
Int., taxes, res,, etc...
Prov.
for est.
Federal
est,
income
— ...
....
(net).
inter¬
;
deductions in
U.
before
Income
1,707,347
$251,735
27,593
......
$5,444,257
$2,766,053
Selling, general and administrative expense....
1943
$4,773,523
2,007,470
operations
'
Total
1943
$15,856,890 $14,359 201
17,590,348
16,644,922
42,664,967
69,966,162
18,812,973
17,923^108
$251,035
900
&
1944
booked
Orders
Statement of Income, Three Months Ended March 31
1944
Dividends
Orders
(Including Subs.)
$272,055
$1,493,269
discounts and miscell. income, net—-
Operating profit
Otis Elevator Co.—Earnings—
3 Months Ended March 31—>
of common.
Income Account for Quarter
Purchase
1867
159, p. 1158.
Period End. Mar. 31—
Gross earnings
1944—12 Mos,—11943
1944—3 Mos.—tl943
$2,127,261
1,810,874
——.
Oper. expenses &
taxes
$7,305,383
6,515,112
$1,734,698
1,583,749
$6,680,153
6,610,855
'
—V. 159, p. 939.
i
Norfolk & Western
Period End. Mar. 31—
Operating
revenues
Operating
expenses
Federal taxes i
Other
...
Prop, retirement
: appropriation
reserve
i
171,342
—
3,630,430
$3,792,737
35,051
$4,563,462
13,932
$375,363
199,348
4,691
$281,744
charges
3,534,000
$373,953
1,410
$277,053
(net).—
Gross income
Interest
294,500
294,500
Net oper. revs—
Other income
$2,325,342 $28,808,157 $25,224,210
1,011,736
13,088,741
10,953,606
392,646
5.324,552
3,099,302
252,567
3,068,127
2,977,410
$2,482,400
1,178,500
478,353
253,994
'
taxes
1944—12 Mos.—1943
1944—Month—1943
Ry.—Earnings-
Divs.
1944—Month—1943
1944~;3 MOS.—1943
Railway oper. revs..—,. $13,274,277 $13,604,795 $38,847,966 $37,959,148
Maint. $>f way & struct.
4,489,896
3,567,457
1,759,822
1,287,055
Maint. of equipment-—
2,755,202
2,602,340
8,080,501
7,310,524
Sundry
Traffic
fProv.
Period End. Mar. 31—
New Orleans Public Service Inc.—Earnings—
$3,827,788
2,146,313
$4,577,394
2,288,901
Operating
113,181
174,072
449,238
509,599
2,427,369
65,002
201,625
2,979,592
60,352
248,292
8,602,531
186,301
929,271
Transportat
rail
Misc. operations
line.
—
—
Dividends applic. to pfd.
—V. 159, p. 1767.
$176,015
$1,681,475
544,586
544,586
stock..
$69,298
$111,055
6,192
35,565
$165,416
inc.
$844,088
8,400
2,233
27,312
23,494
137,557
25,000
344,000
25,000
$185,918
$138,183
$472,777
$62,561
32,303
31,056
127,116
116,589
taxes—
estimated
...
159,875
720,089
§Net
$5,952,076
4,338,034
$6,253,091 $16,110,22*8 $17,361,615
4,941,205
12,051,644
13,765,278
§After
Railway oper. income
Equipment rents (net)
$1,614,042
$1,311,887
$4,058,584
$3,596,337
719,939
675,199
Joint facility rents (net)
Drl3,478
Drl2,132
2.219,990
Dr40,449
2.111,015
M2.330
General
Net
expenses
ry.
oper.
—
revs.—
Railway tax accruals.—
$2,288,493
--u.
$110,402
—
3,000
11,467
$790,271
13,508
40,309
income
for
income
Net ry.
•Operated
$2,320,502
563,050
..
—
$1,974,954
83,512
$6,238,125
1,671,866
$2,058,466
176,152
$7,909,991
528,408
$5,916,122
528,544
$1,882,314
$7,381,582
$5,387,579
under
leasehold
agreements.
fEstimated.
tAdjusted.
Note—Federal income tax estimated at 42%,
:
No provision for excess
profits tax required.
$5,665,022
251,100
$2,883,552
176,136
income.
oper.
Other income
....
charges for de¬
pletion & deprec
1943 income tax reduced by
credit.—V. 159, p. 1452.
carryover
Net income
5,200
cos.—
income
Gross
$150,949
10,283
allied
from
$316,387
...
Charges to income..
8,329,989
—
profit
net operating loss
a
Pennsylvania Glass Sand Corp.—Bonds Called—
There
Gross
New Orleans Texas & Mexico Ry.—Earnings—.
March—
Gross
Net
1944
from
Net ry.
From Jan.
Gross
from
Net
from
Net
ry.
$740,360
688,146
449,684
325,461
162,919
3,067,022
2,156,182
1,352,255
483,947
f,
„
funded debt
on
1941
Net income ''
$576,671 <
$250,713
356,706
97,271
343,521 /
94,540
—V.
159, p.
.
$2,707,416
i
1558.
',V|
#
''
,
1,998,134
995,455
f
"■
oper.
1,496,418
876,834
844,873
702,085
260,977
262,571
Corp.—Earnings—
Mar. 25,'44 Mar.
12 Weeks Ended—
Profit
after
taxes
Federal
.
—
— —
'«*.
—
-m.m* —
T* f
561,000
—«-
27/43
■*
Net
,„,.L
—
'The corporation announces that of the $659,000 of outstanding
Ifew York Railways Corp, prior lien mortgage 6s. due July 1, 1958,
called for redemption July 1,
$91,000 are for the purposes of the
Sinking fund And $568,000 at the election of the management.—See
v. 159, p. 1767.
...
$391,947
offices of Brown Brothers Harrimatt & Co., fiscal agent,
St., Philadelphia^ Pa,; 59 Wall St., New York, N. Y.,* or
Office Square, Boston, Mass.—V. 158, p. 1941.
Walnut
1531
Post
10
Pennsylvania Railroad Regional System—
(Excludes Long Island RR.
$0.72
$0.71
Period End. Mar. 31—
and B. & E. RR.)
1944—Month—1943
-1943
comb. A & B stocks
1944—3 Mos.—1943
$
$384,703
._
profit
Earns, per share on
following
523,000
-
New York City Omnibus Corp.—Redemption—
due
$907,703
$952,947
but bef. taxes.—.
charges,
have been called for redemption as of June 1, 1944, a total
$100,000 of outstanding first mortgage 3Va% sinking fund bonds,
June 1, 1960, at 103 and interest.
Payment will be made at the
of
at
}t
.
North American Rayon
1—
railway.
railway
income—
H-V, 159, p. 1450.
;
Interest
1942
1943
.
$1,103,015
railway—
railway......
oper. income
from
income
Railway
oper.
63,923,085
Railway oper. exps.—
$
78,897,936 244,945,248 221,213,436
57,161,592 185,991,515 162,551,748
85,211,098
revs-
,
New York Connecting RR.—Earnings—
March—
Gross
Net
Net
ry.
1941
1944
oper.
1943
1942
$222,107
$264,552
$391,149
104,233
121,468
119,262
158,771
270,380
274,979
301,053
303,307
676,808
631,326
303,647
275,682
706,256
490,539
443,075
railway....
railway.
373,170
508,495
1,052,071
812,384
784,802
income—
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway
railway..
oper.
159. p.
income
1451.
New York Dock Co.—New Director—
Jacob L. Hain,
V. 159, p. 1767.
of
Reading,
Pa.,
has
been
elected
director.—
a
New York New Haven & Hartford RR.—Earnings—
Period End. Mar. 31—
Total
1944—3 Mos,—1943
1944—Month—1943
$15,739,940 $15,153,739 $44,255,352 $41,808,346
Net railway oper. inc
2,160,599
2,891,543
5,559,290
7,328,739
Inc. avail, for fxd. chgs.
2,465,811
3,113,846
6,573,395
8,029,179
•Net after
charges
1,447,782
2,011,236
3,493,497
4,741,218
oper..
•Includes
rev
—
accrued
and
real estate taxes on Old Colony and
also accrued and unpaid charges
against said properties for Boston Terminal Company taxes and bond
Boston
Providence
and
interest.—V. 159,
p.
North Continent Utilities Corp.—Plans LiquidationNorth
unpaid
properties;
the
March—
Net
1944
Ry.—Earnings—
1943
1942
63,024
$642,447
56,564
$572,133
67,748
$483,344
42,360
•34,308
5,420
*8,781
*34,706
2,229,774
140,928
1,846,634
1,543,864
113,809
105,250
*94,503
*94,021
*88,725
1,338,752
47,817
*167,519
.
from
from
railway,
railway
$802,124,
ry.j oper Income
1941
Net from
Net
ry.
railway
railway
oper.
.
income—
•Deficit —V.
New York Susquehanna &
March—
Gross
1944
railway
railway—
oper. income...
ry,
From January
Gross
Net
from
—V. 159,
p.
122,591
82,029
126,414
74,431
53,373
1,488,278
948,734
New Mexico, together with the real estate and
thereto, for a base price of $150,000 in cash,
subject to certain adjustments. The properties are known as New Mex¬
ico's "Taos Division," serving the towns of Taos, Ranchos De Taos,
Talpa, Panchito, Arrogo Seeco, and Arrogo Hondo.
Highland proposes to sell to the Southeast Colorado Power Associa¬
tion, all of Highland's properties, consisting principally of electric gen¬
erating plants and distribution systems located in the towns of Spring¬
field and Eads, Colorado, and Ulysses, Kansas, together with the real
estate and other assets pertinent thereto, for a base price of $278,000
in cash, subject to certain adjustments.
The proceeds of the proposed sales will be deposited in the general
funds of New Mexico and Highland, respectively, and thereafter will
be made available to each of the companies, sole stockholder, North
Continent, to be applied against certain of each of the companies'
pertinent
indebtedness
owed
779,043
709,807
336,104
350,478
287,124
142,393
149,619
1767.
North
Continent
has
company
to
for
redemption
on
June
bonds,
1,
1944, the put-
due July 1,
1957, at
1944
Marchfrom
Net
from
Net
ry.
railway— $13,163,269 $11,501,361
4,290,525
4,214,131
1,802,429
2,495,845
railway...
income..^
Net
from
ry.
railway-
railway.—
oper.
income...
common
1943,
of
stock..
$4,295
1941
1942
$8,217,137
2,183,319
1,719,018
$5,860,480
1,527,993
1,228,132
26,981,695
30,901,400
1,207,696
1,047,180
bal..
974,550
187,743
574,868
242,769
2,302,999
615,823
2,777,515
2,371,154
714,367
Net ry.
income.
7,798,294
8,623,479
22,520,202
22,805,895
oper.
:
j
.
Earnings of Company Only
,
'
March— '
Gross
1943
1944
1
1941
1942
railway..— $85,047,568 $78,754,985 $60,957,895 $47,014,613
12,764,957
railway—21,494,671
21,757,651
15,717,345
6,985,858
oper, income—
8,022,034
8,655,878
4,783,122
from
Net
from
Net
ry.
From Jan. i—
Gross
244,516,270 220,818,357 168,152,353 130,319,734
railway..
34,104,329
59,304,175
58,689,725
39,639,944
railway———
22,910,767
income...
22,864,783
10,495,077 19,066,148
from
Net
from
Net
ry.
—V.
oper.
159, p. 1389.
1
Pennsylvania-Reading Seashore Lines—Earnings1943
1942
1941
$809,491
47,520
*103,360
$575,002
*2,295
*166,142
$444,748
91,558
*226,607
2,192,071
100,289
*310,184
1,599,968
*72,708
*542,377
1,234.116
*23,764
*603,916
1944
March—
Gross
from
railway$775,622
railway—23,772
oper. income
*177,075
Net
from
Net
ry.
From Jan.
Gross
from
.
1—
2,160,696
Net from railway—
*20,264
Net ry. oper. income—
*575,800
♦Deficit.—V. 159, p. 1452.
railway.-*
Pennsylvania Water & Power Co.—Earnings—
.
(Including Susquehanna Transmission Co. of Md., a Subsidiary)
3 Months Ended March 31—-•
1944
1943
revenues
Power
purchased
Power
from
31,573,771
23,016,791
11,095,647
10,912,417
5,719,786
5,078,126
15,835,437
3,343,307
(net)
excess
2,484,379
(Del.)—Weekly Output-
4,281,101
303,391
Cr310,411
294,973
142.560
236,306
...
301.26G
343,959
142,841
—
274,705
80,025
...—
——
83,649
108,819
——
profits tax
taxes
Other
6,613,183
taxes—
income
Federal
$1,544 345
74,898
Crl38,457
!
—
expenses.
—
Federal
Other
89,764
Water
...—
...
power
operating
$1,792,916
—~—
Harbor
Safe
Corp.
Interchange
Other
———
—
—
Depreciation.
36,526,829
States Power Co.
totaled
output of this company for the week ended April 29, 1944,
42,020,000 kwh., as compared with 37,938,000 kwh., for the
Oklahoma City-Ada-Atoka
March—
159, p. 1767.
$651,438
$657,536
—
103,953
102.574
$755,391
240,170
$760,110
233,132
$515,221
$526,978
$1.13
$1.16
——
—...
income
income
————
From Jan.
Ry.—Earnings—
railway
income
—V. 159, p. 1388.
Income
deductions
Earnings
1943
1942
$125,882
61,058
18,866
$126,051
$103,607
71,032
59,725
18,675
29,705
389,471
377,776
256,031
208,512
200,473
145,220
61,134
13.843
74,403
69,617
66,734
3,506
1941
$22,124
5,314
747
1—
railway.—-—
income
Gross
per
—V,
P.
159,
Pere
—.*—,——*
........
——
—...
Net Income
1944
railway..—
Net from railway..
Net ry. oper. income
debenture, $657 per share of preferred stock, and $10.72 per share of
58,661.688
58,953,733
26,779,000
';<3,256,520
f3,529,189
taxes..
retire,
rents—Dr
fac
Operating
Northern
ry. oper.
31,
21,736,344
10,283,179
964,869
Electric
from
Dec.
1,114,733
159, p. 1767.
Net
of
Equipt.
Maintenance
1—
From Jan.
—V.
1943
oper.
Net
as
21,288,016
10,005,000
op.
.
per
share of class B
values
ry.
rents—Dr bai.
Railroad
Operating
Northern Pacific Ry.—Earnings—
This
for each
asset
from
rev.
(Del.)—Calls Bonds—
called
standing $584,875 first collateral lien 6 7c
par and interest.—V. 159, p. 1767.
ferred stock, and
$11
proposes
the unpaid principal of the bonds.
A hearing on the foregoing matters will be held May 8, at the offices
.of the Securities and Exchange Commission.—V. 159, p, 939.
Gross from
net
North
Continent.
upon
Gross-from
Niagara Share Corp. of Md.—Quarterly Report—
with
to
funds with the trustee, under the indenture securing its
first lien collateral and refunding gold bonds,
series A, 5 V2 %, due
Jan. 1, 1948, to be used by the trustee in making ratable payments
deposit such
Corporation reports net assets as of March 31, 1944, equivalent to
$4,384 for each $1,000 debenture, $672 for each share of class A pre¬
compares
.
.
Net
Railway taxes
Unemploy. insur. taxes.
Joint
911,283
268,317
income
Public
1941
$321,767
136,604
Mexico
corresponding week last year, an increase of 10.8%.—V.
railway
railway
oper.
1942
$551,958
275,073
$341,246
296,324
1—
from
Net ry.
1943
$588,447
1,650,561
from
from
Net
Western RR.—Earnings-
New
of Taos,
assets
Gross from
159. p. 1553.
companies,
subsidiary
its
proposes to sell to the Kit Carson Electric Cooperative,
electric generating plant and distribution system located in
its
other
Net
Net
follows:.
County
Gross
From Jan. 1—
Gross from
as
North Texas Co.
1767.
New York Ontario & Western
Net
and
and
Mexico
New
Inc.,
The
Gross
Continent
Highland Utilities Co., have filed with the SEC ap¬
plications with respect to certain transactions in connection with North
Continent's plan of liquidation.
The transactions proposed are sum¬
marized
$235,853
from
from
.
Service-Cm
-
—-
.
-
common' share—
—-
1452.
Marquette Ry.—New Director Elected—Reduces
Funded Debt—
Proxies
were
representing more than 81% of- the stock of this company
at the stockholders' annual meeting in Detroit on May 2
of management's slate of directors.
The stock repre-
voted
,
for the election
j.*
u
01
*70 cl.
itrftp
thfl
lorcrocf
of.
flnu
annual
mPRf,-*
THE COMMERCIAL & FINANCIAL CHRONICLE
1868
r
ing of the company since the Chesapeake & Ohio Railway Company's
acquisition
One
the
of
new
director,
board and
They are
reelected.
directors were
13
Howell
Robert
J.
Ross
retirement
1942,
in -October of
program
of $9,654,600
1943
of
the
the
form
The
in
After
to
connection
the Pere Marquette's own purchases
for retirement, the Manistee & Northeastern Railway Co., a wholly*
owned subsidiary, has acquired $527,000 par value of the Pere Max>
quette 4 Vis of 1980.
The total of mortgage bond debt outstanding as
of today, Mr. Bowman added, is $54,880,400.—V. 159, p. 1768. ..
of
second
*1944
•
properties
of
The
transaction
for
Provision
depreciation
Federal
income
Federal
excess
Federal
Other
for
net
Total
—
8,011,304
Sale
income
Gross
■
-—
income
Net
for
Balance
stocks—
—
share
Earnings per common
■"Figures for periods prior to 1944 have been restated for comparative
sold at
all
electric
The
for the Company and its subsidiaries for the
1944, amounted to 126,600,000 kwh.,. an .increase
output
ended April. 29,
week
of
1768.
12.3%,
13,850,000 kwh., or
p.
•
/
•
-
'■ •
,/ ;■
•:
1
■.
'
——
rate
of
$125,000
*
■
identical
were
six
each
the
proceeds
from
Co.
New
and
of
which
England
certain
at .an
months
in
used
were
Public
Service
securities
the
of
of
its
system's
U.
Dec.
81,
the
during
by John Ballantyne, President.
"Philco's electronic production
other
deferred
established
increased
this year."—V.
Pittsburgh Coal Co.
51,440
Depl., deprec. & amort.
debt
of
Prov.
discount
income
for
1,024,555
$44,145*
reacquired
206,128
122,982
50,382
49,116
and
1
1
liabilities,
$20,495;
329,111
1,470,222
37,017
12.9,773
securities,
serial
provision
for
5%
$213,000;
149,794
35
46
149
204
$628,255
$540,388
$1,855,099
$1.80
$1.54
$5.30
$2,307,494
$6.60
*
-
.
(no
The ,"Company
100 and int.,
■
'-contributions
for
per
_____1
profit
■"On
dend
pfd.
share.
shares
349,469
of 6%
Note—This
being
stock
preferred
on
which
there are
bonds,
the
a
V.
■'
net
income,
provision
no
159, p. 974.
of
for
such
liability
-
•
has
company
$20,000
v.
,
■
.
of
its
called
for redemption as of June
♦After
1942.
a
total
to
taxes
*
has
called
total
of
for
Net
:
ry.
From January 1—
Gross
Net
ry.
—V.
1945
149,436
147,660
125,486
159,
$7.88
on
April
15,
*
584,062
693,710
449,049
441,544
■
416,632
382,313
of the company's operations.
It occurred so late in the
produced practically no effect on revenues or income.
it
At
the
end
of
$216,722;
income
tax,
miscellaneous
to
of
$1,900,921;
The
Since
payable
electric
service
area
or
year
gen.
service
and
91.COO
area
the
transportation
82,000.
approximately
Income
Account
total
a
service
population
area
of
of
$11,695;
population
Years
Ended
Dec.
and
...
State
Social
and
municipal
security, state
Federal
\
taxes
(other
Total
taxes
on
will
be
St.,
income)
operating income—
Non-operating income (net)
income
....
145,859
149,917
170
'Interest
Normal
Excess
and
and
deductions..
397,000
of
income
Preferred
.Common
During
amortization
charges
628,000
$1,342,850
——
dividends
:
the
year,
564.000
131,000
"
the company
$1,365,724
669,797
Operations.
engaged
in
two
669.797
402,000
separate
$7,113,602
2,190,909
gold
$5,561,662
1,857,877
(debit balance).
1,532,574
51,871
20,184
..
railway operating income...
Non-operating income
$5,203,854
747,379
^
63,993
$2,618,024
$4,008,903 J
349,507
259,305
249,789
$5,553,361
$4,268,208
$2,867,813
made- at
New
income
Gross
York,
from
246,076
253,155
331,452
$5,307,286
$4,015,053
$2,536,361
income.....
gross
income
Net
>
Balance
General
Sheet, Dec. 81
Assets—
1943
Investments
Cash
1942'
\
$42,253,073 $39,227,651
2,016,805
—
2,035,656
11,841,000
8,807,442
—
cash
238,642
180,629
118,424
agents & conductors—
177,523
166,815
receivable...,..^—.—
1,832,802
.2,002,245
1,856,072
1,614,043
13,142
investments.—;
.
15,
.
1944
total
-
Interest
income;
Other
'
1
distribu¬
;
Total
cash
receivable,
-
custodian,
furniture and
2%%
on
bank
loan,
distribution
accounts
$8,436;
payable
May
1.
financing
•
'/■;
•/"
;
.
$1,316,900
stock
Audited
1944,
.....
of construction..—
Accrued
Other
and
payable..—
wages
&
(& Subs.)—Earnings-
—V.
64,104
—66,433
accrued——:
72,46$
11,293,826
liabilities
31,069
I
——
159,
310,433
48,397
'
1944—2 Mos.—1943
1944—Month—1943
775,260
584,778
;
1801.
p.
28,246
8,713,898
3,105,050
7,500,280
1,022,618
16,671,483
Unadjusted credits —
Additions to property through income & surplus
Profit and loss (credit balance)..:
Total
6,879,000
liability.—___—,—14,691,359.
current
35,625
,
Crl53>891'>
1,244,795
payable—....
unpaid...—
interest
tax
4,000,000
....
balances.—
accounts
matured
Unmatured
9,017,500
6,240,000
accounts
Dividends
500,400
9,017,500
4,000,000
—
—...
car-service
Miscellaneous
$1,316,900
500,400
obligations
and
2,230,909
,
$66,385,954 $57,378,408
——
...
stock
Long-term debt
Traffic
3,444
978,009
—4,037,408
......j.—
......
.
3,377
■
2,086,090
debits
Grants in aid
total, $20,486,925.
$89,214;
43,161
—
Non-voting stock
with
$30,570;
receivable:
assets—1__
Liabilities—
Common
Dividend
deposit
on
———
assets
■Unadjusted
■
........
and dividends
current
Deferred
provision for
capital stock tax,
cash
accounts
supplies
and
receivable
balances
receiv. from
Miscellaneous
c
;
$193,449;
car-service
Net balance
$10,197;
income,
and
Material
•
Federal
for
Traffic
1943,
-
loan,
Special deposits
,
Sheet, April 15, 1944
income.
&
314,295
,
income
227,535
'629,892
473,188
18,046,503
36,147,234
2,4G5,226
14,561,748
$66,385,954 $57,378,403
'•
1,911,565
98,019
funded
on
to
:■
.
J—
;
revenue
6,036
$10,789,518
rail-and
other
,'
;
......
.
,
,
-
-
Rheem
Subs.)—Earnings—~
1944
•
1943
Net
10,379
less
$5,592,823
$5,805,570
6,376,013
5,166,961
5,253,726
$507,165
$425,862
$551,844
depre¬
other income.
privileges).—V.
30,000
30,000
3O,Oo0
132,800
138,900
iqa.ono
tax——;.210,000
122,900
139,000
contingencies
and
Excess- profits
Post-war
.....^
—.
for
tax
Normal
refund
surtax
of exc.
—
;.
:
prof. tax..
Cr21,050
♦Earnings for the period———
tEarnings per share
159,
;
•
profit.
Provision
1942
$6,883,179
—
goods sold, expenses,
ciation,
196.039
55,242
carriers—express
sales
Cost of
$9,313,749 $21,70.7,852 $19,189,097
-
(&
.......
204,211"
5,082
Go.
Quarter Ended Mar. 31—
Net
27.212,670
948,003
102,105
disct.
13,908,093
1,200,348
•
deductions
Ruberoid
$30,144,510 $24,273,946 $60,'519.765 $48,519,750
1801.
$155,415
$146,362
$188,844
$0.39
$0.37
$0.47
Crl2,300
■ -
—
■
^Figures do not include company's equity in earnings of Ruberoid
Co., Ltd. (England).
tEarnings per share arss&ftsed on 397,806 shares
of capital stock outstanding.
>
Note—In 1942
based
were
1943
Manufacturing Co. (& Subs.)—Earnings—
p.
on
provision for Federal income and
upon
excess
estimated increased rates passed July
provisions
for
Federal
the Revenue Acts of
income
and
and
1943
1942,
20,
profits taxes,
1942.
in 194$
taxes are
respectively.—V. 159,
excess
profits
1485.
'
3 Months Ended Mar. 31—
Net .sales
♦Net
234,500
dividends
facility rents
based
819,149
■
-
..
:
Net
$2,879,873
757,892
reserves
profits tax reserves..
•Acceleration
Net
other
surtax
$3,125,742
■'
1941
$3,429,396
at
Reed Roller Bit Co.—Special Offering—A special of¬
fering of 4,000 shares of common stock (no par) was
completed on the New York Curb Exchange April 28 by
Reynolds & Co.
Stock was priced at $22% per share,
with a commission of 70 cents.—V. 159, p. 1044.
$2,885,806
Dr5,933
...
—L
15,974,022
$5,620,305
and
Gross
%
1942
-
expenses
.'
interest
expenses
♦Payments
p.
54,254
$3,125,572
:
Net
1943
revenues..$37,407,536 $28,117,740 $14,039,903
operating
Deductions
losses.
or
dividends
taxes
debt
Other
887,743
.
51,434
-
Years—
operating
Net rev. from railway operations. $21,433,514 $16,335,447
Railway tax accruels..—14,319,912
10,773,785
4,285,514
847,736
taxes
Int.
&
revs.
Operating
$8,263,234
taxes
and Federal
than
Calendar
transporation $29,830,215 $24,046,411 $59,889,873 $48,046,562
revs.
Express
1942
$8,620,876
...
Operating expenses
1801.
.upon
8,419,593
secured bank
of
4,450,275
revenues
-"net
31
1943
Operating
bank
$18,555,433;
accrued, taxes,
2)4%
♦Rail transp.
for
159, p.
Joint
1944,
4Va%
mtge.
Wall
$57,667;
,
provision
security profits
interest
and
for
Other
approximately
total
a
Interest,
on
taxes, $912;
Period End. February—
Chgs.
carrying 61,158,200 feet of wire.
had
a
total population of approximately
98.9% was in the State of New Hampshire.
had
1942.—V.
payable
—
total
gas
1,
.
Railway Express Agency, Inc.
population of New Hampshire is approximately 491,000,
■the company now serves with electricity the area in which 71.7%
of
the people of the State reside and do business.
The"
ttlncluding provision
1942.
taxes
11,782,294
loan, due May 1, 1946, $1,799,650; com¬
mon stock
(par 10 cents), $233,495; paid-in surplus, $20,633,181; dis¬
tribution
account
balance
(representing
income
surplus),
$13,591;
security profits surplus, Dr$681,564; excess of specific certificate. cost
of investments over value thereof based on
closing market quotations,
Dr$l,795,859; total, $20,486,925.—V. 159, p. 1560.
distribution circuits
the
interest
(at nominal value), $1;
$186,782;
1943,
356,000 of which 352,000
tAfter deducting reserve for depreciation
$220,520 in
income
$2,138,*-
stockholders, $186,782.
fixtures
the company's electrical system was made up
of generating facilities having 127,960 kilowatts of installed capacity,
165
sub-stations with a capacity of 351.623
kilovolt-amperes, used
to
supply electricity to approximately 96,000 domestic, commercial,
agricultural, industrial and municipal customers over approximately
614
pole miles of transmission lines and approximately 3,392 pole
miles
June
Payment
/
.
$195,948;
Assets—Investments,
Dec.
size
and
Federal
Guaranteed
.23, 1943, the company purchased the electric and gas
of The Twin State Gas & Electric Co. in the States of
Hampshire and Maine.
This transaction substantially increased
that
for depreciation of buildings
Railway
preferred
'
-/'♦Exclusive
.properties
the
accounts, discounts,
1943 and $493,688 in
of $58,778 in 1943 and
reserve for bad and doubtful
collection expenses of $281,186 in
reserve
Railway
,
1944.
Liabilities—Accrued
New
1950).
trustee/ 16
1697.
p.
Income—Dividends,
tion
1,201,371
436.040
379.406
1,302,189
1,938,803
419,455
(Dr).
treasury
Richmond, Fredericksburg & Potomac RR.—Report—,
(137,180 no par
surplus,
The asset value per share has increased from
$7.30 on April 15,
$469;
$463,548
190,705
163,077
Public Service Co. of New Hampshire—Annual Report
On
to
corporate
of
as
$150,000 of 1st lien &
(extended
Co.,
.
1,755,312
in
company
Federal
1942
-
2,500,000
2,147,840
2,206,185
1—
—
deducting
tLess
1943
in
accrued
1389.
p.
1940
Trust
Balance
income
oper.
159,
252,184
156,236
railway....
railway
from
due
Expenses,
$443,198
219,202
from
Net
1943
$633,294
income...
oper.
$1,271,328;
stock
earned
.
1941
1944
shares)..:
par
i——_—...
Railway operating income—_
Hire of equiment (debit balance)__
common
redemption
$253,614.
Pittsburgh & West Virginia Ry.—Earnings—1
$602,160
2,340,299
950,000
2,353,200
2,500,000
2,147,840
1,461,453
418,320
$30)
(par
of $248,567
($578,882—1943)
realization of instalment ac¬
counts receivable.
IfRepresented by 52,012 shares in 1943 and 51,860
shares in 1942.
§After amortization of $264,179 in 1943 and $216,408
income,
on
Statement of Income for the Three Months Ended
April
'
railway..
Net from railway—;
no
—
$56,431 in 1942.
in
?
Quarterly Income Shares, Inc.—Quarterly Report—
.
from
stock
.
outstanding
March—
pfd.
(354,670
allowances and
has called for redemption on June 5, 1944, at 101
interest, $220,000 of first mortgage 5% bonds due by
July 1, 1950./ Payment will be made at the Banker's Trust
Co., successor trustee, 16 Wall St., New York, N. Y.—V. 159, p. 47.
Dec.
Gross
$1,008,429
1,931,876
978,883
2,353,200
taxes
.
1944,
1,
profits
exc.
$12,782,534 $12,342,906
Temporary
,•
r.
and
$1,084,006
liabilities——
accrued
inc.
Total
extension
made.—
been
has
stock
surplus
surplus
tlCommon stock
Portland General Electric Co.—Bonds Called—
The
first mortgage 4Va% bonds, series B,
1, 1950, at 102Va and interest.
Payment will be made out
of moneys in
the sinking fund at the Chemical Bank & Trust Co.,
■trustee, 165. Broadway, New YoJk, N. Y.—AT. 159, p. 1801.
> ; due
Y.—V.
and
Pittsburgh Steel Co.—Calls $30,000 of Bonds—
The
series
Bankers
N.
subject to annual audit, and any necessary year-end adjustments relat¬
ing to inventories, reserves, etc.' Net profits for the respective periods
include profits of Canadian subsidiaries.
As the company.has no excess
profits
—_
contingencies
divi¬
interim period, the results as now reported are
an
and
Fed,
for
convertible
Common
'
accumulations.
names..
extensions—non-refundable',
and expense,
par), $11,610,791;
t
Net
■"Earns,
for
cum.
Capital
Portland Gas & Coke Co.—$150,000 Bonds Called—
subsid.
...-
payable
Earned
total,
notes—maturing
Federal
shares), $5,655,539; capital "surplus, $274,551;
562; total, $53,775,472—V. 159, p. 1697.
■
companies
trade
$12,782,534 $12,342,903
t+Reserve
1,423,394
45,353
in
for
reserves
cumulative stock
4,077,817
511,703
state
Minority int.
$79,690;
taxes:
and Canada
U. S.
*
r
_
Liabilities—
%
'
$21,400,000;
debt,
$75,817; unamortized debt premium
368,011
4,006,598
1,051,684
112,232
charges '
Provision
consumers' deposits and interest thereon, $129,216; matured
interest and dividends unclaimed (contra),
$434,409; employees'
savings bond fund (contra), $5,697; reserves for depreciation,
$7,140,045; reserves for casualty and insurance, $11,628; other reserves,
45,531,012
13,163,177
48,525,596
76,540
241,724
.
.V .
,\
13.271,261
"
——
172,907
Accounts
war
general expense, etc..
on long-term debt.
estate
2,207,160
142,210
56,667
/
84,580.
3,265,916
153,962
101,667
policies
Corp.—
154,580
pur¬
bonds,
1944—12 Mos.—1943
Sales, oper. & other inc. $15,532,603 $15,197,964 $56,229,167 $53,857,726
Cost of sales, oper. and
*
Int.
Frank
140,933
$564,487;
Subs.)—Earnings—
(&
1944—3 Mos.—1943
insurance
Total
$2,250,000; serial notes—maturing in 1944, $250,000;
payable, $410,538; accrued interest on serial notes, $2,708;
taxes, other than Federal taxes on income, $49,971; other
accrued
Period End. Mar. 31-—
life
605,000
.y
Goodwill
1953,
accounts
1768.
159, p.
of
advances to
:
179,737
for
accrued
of
charges,
Liabilities—Funded
through
March
hand—
on
value
and
1,400,000
1,400,000
2,402,500
<
refund
1943
$53,775,472.
-
steadily month by month
all during 1943, and
so far into
1944," Mr. Ballantyne said.
"New
all-time high records for Philco production of this vital equipment were
in
and
in
24,330
43,565
receivable........
accounts
Deferred
cash and war
savings bonds (contra), $5,697;- miscellaneous invest¬
ments, $263,904; other assets, $922,584; prepaid taxes, insurance and
Interest, $304,149; unamortized debt discount .and expense,
$697,507;
64%
increase in production of airborne
March, have been received by the men
and women of Philco Corp. from Rear Admiral E. L. Cochrane, Chief
of the Bureau of Ships, U. S. Navy, it was announced on April 28
1
2,319,514
Govt, securities.....—,.—,
S.-
1942,
$4,587,500
2,684,325
v..
1943
$2,457,544
Post-war
com¬
;,t.,
Sheet, Dec. 31
§Leasehold and leasehold improvements..
Swans
service
Balance
^Furniture, fixtures and delivery equipment...
$19,886), $790,761; notes receivable, $6,009;
for resale, $90,188; materials and
supplies for operation
construction,
$852,017;
unbilled
income
(est.), $257,458;
cash
deposited with trustee and fiscal agent (contra), $434,409; employees'
•
.
.
for
■
and
their
on
equipment
.
$2.47
,
—
inventories
surrender
.fReal
merchandise
Congratulations
share__.________
302,674
,
;.,
:..
Investment
of
reserves
,117,662
......
S. (Treasury tax savings notes......;—-——
Cash
plant, $46,999,649; cash in* banks
and
on
hand,
treasury tax savings notes,'$400,000; accounts re¬
S.
(less
$606,234
117,662
154,383
$1.61
1943 of
$865,062
l......
per - common
Miscellaneous
itr.
years
in
interest
mutual
>
Sheet,
—
;$2,275,918
1,669,684];,
♦1,751,525
profits taxes
excess
dividends
dividends
.Other. U.
those
ten
with
connection
Co.
and
2
Merchandise
•
ceivable
Philco Corp.—Airborne Electric Equipment Output In¬
creased 64%—
income
Consolidated
*
with
•
for
aggregate cost of $178,100.
Assets—Utility
$1,493,994;
^
*.
electronic
Fed.
♦Instalment and other trade accounts receivable
also, on Dec. 28, 1943, sold to New England Public
parent, -3,180 shares of common stock for $178,080,
its
"$2,275,918
$2,616,587
35,340
$4,128,-124
n
were
Comparative Balance
the same period last year.—V. 159,
over
.
an
$2,594,636
...
21,950
profit
Earnings
purchased by an institutional investor
average cost to the company to their maturity
produced $947,361 in cash.
The serial notes,
sale
the
sold
were
10,994,245
119,385
97,199
r *' "Includes
' provision
for Federal excess profits taxes
$993,257 after deducting post-war refund of $110,361.
.-
par
Co.,
panies
v\V-.
t.*
(est.)——'
—_——
which
They
at
or
at
company
of
Falls
:
bonds
This
mature
chase
■/
in
95,010
Crl9,917
212,920
—
—
1943.
2.9781%.
Service
purposes.
Weekly Output—
April
The
$1,533
$1,331
—_
assets—,
for
Common
cost; of
'.•«
,
1942
10,328,233
<
repossessions, net
and deprec.
improvements
income
Preferred
to two purchasers, one taking the first ten maturities
,and the other .the last ten maturities.
The average
cost of money
raised through the sale of notes was 2.5863%.
$13,231,984 $14,881,433
——
—
Prov.
...$3,879,864
1—
i
$12,997,962 $13,486,743
;
selling, gen. and admin exp.
operations
Cash in banks
$900,000
in
-were
2,168,768s
2,168,768
—
total
Electric- Co, .The
&
Years
1943
_•
debts and
leasehold
from
Calendar
for
-
income
% Total
Net
•
—_
$105.26231,
of
$15,400,752 $17,050,201
—-——»
—...
preferred
on
Gas
Subs.)—Earnings-
Statement
'
'
'
,
which
Dividends
Profit
1
I..."
bad
of
Interest
$947,361
$2,500,000 serial notes—*.———i—2,500,000
Treasury funds...
.
680,763
of
The
$22,855,467 $24,070,679
7,454,715
7,020,478
—
..
„
deductions
State
I
on
Amort,
Income
'
Cost of goods sold,
posses,
in
year ;
sales
Net
(
cash
of
Use
sold
Income
the
requirement came from the following sources:
Sale of $900,000 principal amount of series A bonds...
8,648,531
taxes.——
later - in
State properties.
"
'
1942 .year-end figure
the
used
was
the Twin
properties—
current
cost
This
5,392,063
1,815,999
4,737,640
taxes
local
and
State
8,301,467
.
Consolidated
Assets—
L.——4,804,925
1,922,022
——
4,658,045
taxes.—
which
Expenses of purchase ahd financing
—8,317,747
taxes——
profits
of
part
purchase pf
Twin
physical
$94,779,861 $87,370,518
(incl. maintenance)—.—.—
43,920,188 34,694,302
expenses
the
was;-'
for
Operating revenues and other utility income.—-
Operating
transaction,
the
Paid
"'1943
A
of
financing operation of 1943 was completed in December
with the purchase of the New-Hampshire and , Maine
connection
this
Philadelphia Electric Co. (& Subs.)—Earnings—
March31—
Reliable Stores Corp, (&
....
consisted
1943
of these and.providing for; expense?
$1,378,050 was held in the treasury
doing both
cash,
with
Paid
12 Months Ended
of
been reduced to that amount from
$1,000,000.
in
of
Independently
had
incidental
Bowman stated, a total
of the company have
Mr.
operation
,
amount of first mortgage bonds
par
retired.
financing
'
.
been
Financing
.
sale of
These
bonds were sold under -competitive bidding to an underwriting group
for $107.1579 plus accrued int.
This transaction produced $21,967,370
in cash in-the form of a 30-year-secured loan at an average cost of
money to the company of 2.891%.
,"
A substantial part of the
caph received was used to call and retire
$18,929,000 of series C, D, E and F bonds' then outstanding.
Ap
additional $720,000 was used to pay bank loans, which- at March 31,
B.
McLucas,
first
$20,500,000 3 lA % series A, 30-year bonds maturing Jan. 1, 1973.
Bulkley, James E. - Davidson, John E
Dwyer,
Erminger, Jr.-, John L.- Giles, Wilbur C. Manning, Walter S;
S. Marshall, James D. Miller, Otto Miller,, John J.
O'Laughlin, and DeGrimm Renfrew.
'
Robert J. Bowman, President,
stated at the stockholders meeting
that $1,162,900 principal amount of the company's bonds have been
purchased since Jan. 1 of this year.
This included $217,000 par value
of the 4s of '56, $939,900 par value of the 5s of '56, and $6,000 par
value of the 4 Vis of 1980.
Since the inception of the company's debt
Bowman.
The
.
was elected to
as follows:
R. J.
New York,
of
Swim,
Dudley
H.
,
rbad.
interest in* the
stock
its
Monday, May 8, 1944
profit
♦After
for
tAfter
1942
1943
-
$9,794,604
396,381-
f282,568
253,740
tf$0.55
§$0.61
t$0.72
Safeway Stores, Inc.—Sales Show Gain—
$7,858,941
_
—4 Weeks Ended—
'
Period—
Apr. 22, '44 Apr. 24, '43
Bales
normal
deducting
Federal
§On 400,000 shares.
income
substantial
tax,
and
excess
reserves
for
after
excess
contingencies
profits taxes;
tOn 314,674
tfOn 653,103 shares.—V. 159, p. 1485.
and $840,000 for Federal income and
shares.
1944
$16,215,000
share.......
common
provision
tax.
'
j.
...
Earnings per
profits
3
'.
The
$48,173,703
number
yvhich compares
of
stores
in
with 2,503
*
Apr. 24, '43
$41,525,927 $190,879,173 $175,400,166
operation
at April 24,
(Continued
•
16 Weeks Ended
on
at
Apr. 22, '44
April
22,
1943.—V.
page
1900)
1944,
159,
p.
was
1485.
2,463„
,
j
\
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
159
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred delivery »ale» are
New York Stock
«»
WEEKLY
-
1869
Exchange
YEARLY
-
disregarded In the day'e range, unless they are the only transactions of the day. No account Is taken of such sales In computing the
United States Government Securities
range
furnish
we
a
Apr. 29
U. S. Bond Prices
Daily Record of
May 1
[ High
\ Low
Total sales In $1,000
May 5
May 4
Daily
111.3
I Closo
4%s, 1947-52
May 3
May 2
111.3
Record of
U.
S.
Bond
Prices
Treasury
May t
May 2
May 3
100.3
100.3
100.2
100.2
100.3
100.3
100.2
100.2
close
100.3
100.3
100.2
100.2
6
3
r
1
Total sales in
$1,000 units
10
f High
is. 1944-54
100.3
100.3
100.3
100.5
■{
•
Total sales in
[ High
1 Low
3%s, 1946-49
-
[High
2V*s, 1951-53
Low
Close
$1,000 units
Total sales in $1,000 units
_J-
(High
1 Low
3y8s, 1949-52
[High
2V*B, 1952-55
1
[Close
Total sales in $1,000
units
[High
\ Low
[High
Low
\
2y4S, 1954-56
I ClOS0
[Close
Total sales in $1,000 units
Total sales In $1,000 units
111.5
111.6
111.5
111.6
111.5
111.6
1
[High
1 Low
[Close
3s, 1951-55
1
Total sales in $1,000 units
2%s
27/eS, 1955-60
{
Total sales in
2s,
\
1947—a,
I
2s, March 1948-50—
Total sales in
$1,000 units
2s, Dec. 1948-50
[Close
-j Low
'
[Close
<
Total sales in $1,000
$1,000 units
units
:
[High
-
[ClOSe
[High
\ Low
[Close
in
[High
:
2s,
Dec.,
4,4 A
'
,
Low
[Close
[ High
in
-j
[Close
—
1950-1952
■
Total
$1,000 units-
$1,000 units
High
Sept.,
2s,
Close
sales
Low
[Close
•
in
$1,000 units
[High
Total sales in
1951-55
Low
Close
.
■
[Close
„
Total sales in $1,000 units-
("High
Low
[Close
2%S, 1950-52
■1
-
[High
2s
1953-55
■{ Low
[Close
.
sales
Total
in $1,000 units
in
$1,000 units—
[High
1%S
\
Low
IClose
(High
Low
1948
{
[Close
Total sales
Total sales in $1,000 units
[High
( Low
[Close
2%s, 1956-58
Federal Farm
in
$1,000 units
Mortgage
[High
3s, 1944-1949
$1,000 units
100.16
100.16
Total sales In
$1,000 units
Loan
»
100.3
[Close
[High
-j Low
[Close
Total saleS in $1,000 units
100.3
1
(
Owners
in
3s, series A, 1944-1952
100.3
Total sales In $1,000 units
2VaS, June, 1964-1969
Home
5
[High
] Low
1963-1968
Total sales
100.16
—
;
2%8,
[Close
[High
( Low
[Close
Total sales in
Low
■
Total sales in $1,000 units
2yas, 1962-67
1
—
[High
2s,
Low
Total sales in $1,000 units
2%S, 1952-54
100.14
$1,000 units
[High
'
100.14
2s, 1951-1953
Total sales in $1,000 units
.
100.14
Low
[Close
[High
-j Low
[Close
Total sales
Low
■
•
Low
_•
101.19
10
1950-1952
Total sales in
High
2%S, 1949-53
101.19
$1,000 units
111.7
March,
2s,
$1,000 units
1948
101.19
[High
111.7
[Close
2%S,
[High
j Low
111.7
] Low
Total sales in
'
•
1949-1951—*
Total sales
1945
Low
[Close
Total sales in $1,000 units
2%8, 1960-65
t
Total sales in $1,000 units
>
f High
2%S,
1949-1951
[Close
\
in
Sept.,
2s,
$1,000 units
2%s, 1958-63--
Total sales
j Low
Total sales in $1,000 units
units
2%8, 1956-59
Total sales
2s, June, 1949-51
Low
(Close
'
Total sales in $1,000
f High
j
2%s, 1951-54
High
r
Low
v
High
( LOW
I Close
High 1
in
Low
[close
in $1,000 units
23/4S, 1948-51
Total sales
'
Total sales in $1,000 units
[ High
-■{ Low
[Close
■
7
[High
$1,000 units
•
100.7
$1,000 units™
Close
Total sales
100.7
[close
,
Low
■
100.10
[High
Low
1956-59
High
2%s, 1945-47
Low
Iciose
Total sales in $1,000 units
3s, 1946-48
Total sales in
— —
Low
$1,000 units
[Close
Total sales In
'
[Close
■
Total sales In $1,000 units
2*
[High
2%s, 1967-72
[Close
■
i
$1,000 units—-.
[High
j Low
May 5
100.5
[Close
May 4
100.5
{ Low
1965-70
Total sales in
Total sales In $1,000 units
1
2*
[High
2%s
j Low
[Close
3%S, 1946-56
Apr. W
the New York
High
V
2%s, Dec., 1964-1969
1
units
;
on
{ Low
111.3
Treasury
year.
the New York Stock Exchange
on
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds
Stock Exchange during the current week.
Figures after decimal point represent one or more 32d of a point. (See note below).
Below
for the
[High
Low
{
1%S, 1945-1947
[High
Low
[Close
[Close
Total sales
$1,000 units
•Odd
lot
in
$1,000 units
sales.
^Transaction
of
registered bond.
NEW YORK STOCK RECORD
LOW AND
*56%.
*1111/4
*51
*56%
$ per share
567/s
56%
112%
52%
*1111/4
112%
*51
*561/4
$ per share
56%'
*llli/4
52%
*51
57
56%
10%
11
11%
11%
30
30%
30%
*30%
20 y4
20%
38
20
*20
11
57
$ per share
52%
57
Va
57%
57%
57%
57%
*1111/4
112%
*1111/4
112%
87
6
5%
6
5%
150
*150%
2%
*56%
57%
Acme
No
11%
38%
150
57
31%
87
21/4
*56%
*U%
38
2
100
No par
25
*30
20%
5%
155
-20%
201%
20%
38
38%
*86
5%
5%
5%
150%
150%
*150%
88
5%
154
11%
*30
11%
2,800
31%
400
1,300
Address-Mutigr
5,600
Air
88
60
5%
5%
7,500
151%
151%
70
2'4
2%
2i%
2'/8
13.500
28-%
29%
28%
29%
281/4
28%
28%
28%
20,100
29
51 Va
54
53
54
53%
54%
53%
54%
53%
53%
52%
53%
24%
24%
24%
4,300
24%
24%
25
24%
25
24%
24%
24%
25%
81
79
2,300
79
81
791%
79 Va
50
11%
,2,400
*78%
10%
*141
81
*79
10%
10%
142V4
*13%
14
32%
142
*13%
33
For
footnotes
32%
see
10%
*79
81
*79
*10%
10%
*10%
10%
*10%
10%
142
142'A
142%
141%
141%
142%
142V8
14
*13%
14
*13%
14
14
14
32%
33
32%
33
32%
32%
33
page
1879.
Express
Adams-Millis Corp
38
29%
2 %
Adams
20%
2%
2%
Co
37%
2%
2
Steel
20%
*85
29%
28'/a
No par
preferred—
Abraham & Straus
11%
38'A
4%
521/a
31
20%
Abbott Laboratories
*51
11
86 Va
1,000
$ per
Par
52%
31
86
>'
Lowest
EXCHANGE
*51
31
38%
150
*148
Shares
57%
52%
57%-57-%
89
5%
$ per share
Range for Previous
10%
143
143
Reduction
Alabama
Alaska
&
10
No
Gold
pf A with $30
$2.50 prior conv
par
_100
Min
Albany & Susquehanna RR
Allegheny Corp
5% %
Par
Corp
Vicksburg Ry
Juneau
par
No
Inc
10
100
Allen Industries Inc
600
Allied
14%
100
321/2
32%
10.500
1
Allied Kid Co
Allied
Chemical
&
Mills Co Inc
Dye
No
par
5
Nn
var
per
share
per share
51% Mar 31
53
Jan
10%
26%
19%
37%
Jan 27
Jan 31
51%
61
Jan 11
112% Apr 22
Jan 24
3
Jan
6
May 5
13
75
Jan
5% Apr
2
preferred-No par
No par
$
47
1
100
share
521/2 Feb 21
124
war-:
Lowest
Highest
109% Jan 17
__100
Algnny Lud Stl Corp
Alleg & West Ry 6% gtd
*13%
Year 1943
Range since January 1
NEW YORK STOCK
the Week
112%
*51
38%
38%
for
May 5
*llli/4
*86%
38'A
$ per share
Sales
Friday
57%
112%
11
Thursday
May 4
89
%
*86
STOCKS
May 3
30
20
PRICES
Wednesday
May 2
56%
57
SALE
Tuesday
May 1
April 2!)
$ per share
HIGH
Monday
Saturday
Jan
18
3
Mar 29
23% Jan
58
Mar 16
121% Mar
31
May
22% Mar
42 % Mar
87
May
6% Jan
151 VA May
2% Mar
16
3
11
13
3
15
5
18
3
33% Mar 20
4
24% Apr 19
70
Jan 21
58
Mar 18
28
Mar 16
80% Apr 12
37
Jan
9% Jan
141
3
Apr 26
* 13% Mar 18
30
Jan
25
108
«
Jan
Nov
Highest
$ per share
63% Mar
115%
35%
Jan
52
41%
Jan
57
Sep
13
7%
Jan
25 %
Feb
July
Va
Sep
Apr
32% July
14%
Jan
21% Mar
38%
Jan
487/a
67
Jan
76%
Sep
Jan
iVa
Apr
Jan
128 Va
Dec
A Jan
5% Jan
3 %
July
32 V*
Sep
3%
85
Jun
Jan
45%
Jan
31% July
64
Jan
75
13
18
%
11%
Sep
May
Jun
7
Jan
7
140%
Jan
5
10%
Jan
14% May
35% Mar 27
16%
Jan
37% Nov
11% Mar 16
150
Jan
16% Feb
165
July
Monday, May 8, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1870
Range for Previous
STOCKS
HIGH
LOW AND
Saturday
April 2!)
May 1
$
$ per share
15%
16%
99%
16
16%
99%
99%
16
99%
34
34%
33%
35
108
108%
108%
34%
108%
34%
35%
108%
109
17%
17%
17%
17%
17y»
17%
17%
2%
*2%
2%
2%
17%
2%
2%
*2%
Shares
35
4,400
18
1,600
2%
400
2%
39%
39%
*38%
39%
39%
39%
39'/4
39%
39%
2%
39%
91%
91%
92%
94
90
91%
*89
91
92%
91%
91%
90
27%
27%
27
27%
28
27
*26%
27
27%
27
62
62
62
62
623/4
1.000
62
62
61%
62
61%
17%
17%
17%
17%
17%
17%
17
17%
2,100
64
63
63
2%
17
17
*17
61%
17%•
*63
64
*63
*39%
64
*61%
*108%
115%
14%
39 y4
130%
129%
130 %
8%
8%
8%
85%
85
85
174%
175
34%
174%
34%
34%
V
*73%
74
74
23%
23%
23%
111
*110%
115%
115%
103
103
*2%
*8%
*24%
4%
8%
*24%
4%
81
82
*81%
21%
21%
21%
*72
75
*71%
*3%
2%
2%
8%
*8%
*25%
4%
84 %
2,600
22%
22%
10,600
*74
75
33%
3%
*331/2
41
67%
68
68
17%
88
17%
87
86%
15%
15%
*11
11%
11%
*21%
21%
21%
*118%
119V2
*118%
*34%
34%
34%
*2%
2%
2%
45%
45%
45%
42%
42%
2%
45%
46%
45%
46%
42%
43
42%
43%
9%
9%
9%
15%
14%
27 %
37%
20%
21
37%
37%
*118%
119%
61
61V4
61%
61%
142
10%
41%
41%
*116%
91%
*90
*89%
71/2
7%
7Va
81
81
81
..
4%
4%
4%
*45
50
*44
25%
*25%
*22 %
23
*2%
*45%
5
82
102 %
36
36
*9%
9%
*9%
9%
13 %
•
39%
119%
*27%
62
61%
61%
61%
143%
143%
144
62%
V
4,400
;
'
I
39"%
151
620
■;. 300
.
.
23%
4,700
.
1,100
21
1.000
.
39%
40%
6,800
119%
39%"'
119%;
119%
800
28
28
s
.
62%
62%
623%
143%
143%
10
10
10
10
10
10
10
41%
41%
413/4
41%
42
117%
117%
117%
117%
*117
,
7%
89%
.*7%
7%
4%
4%
50%
■
7%
81%
4%
81%
81%
*45
7%
1173/4
7%
7
91%"
*88%
73/a
7%
8.1.3/4;
82
82
4%
4%
*4%
50 3/4
*46%
25%
25%
25%
26
*25%
26
*25%
23%
*22%
23 Va
*22% '
23%
*22%
117%
*9%
5
83%
-
.
2%
2%
47
47
5 '
5%
■'
5%
*115
93/4
*2%
473/4
5%
84
10
47
5%
1,000
47
13,600
5%
84
*83%
84%
841/4
84%
1,300
;
100
*99
*101
101%
36%
36%
*9%
36%
9%
36%
9%
*9%
9%
9%
9%
*9%
9%
*9%
9%
*112"
116
*112
X36%
37
102
10
••;
4,100
37
98%
13%
13%
98%
98%
91
13%
.
100
Arnold
9%
l.
400
Artloom
*112
116
91
13%
98
9#%
91
36
*
*33%
36
*33%
105%
105 %
*105%
106
*105%
98%
90%
91
*33%
98%
91
*
91
36%
36
•>
350
•
105%
105 3/4
250
-
~50
105%
66 %
65-
66%
x63%
643/4
65
65%
93
93
93
92%
93
92%
92%
92%
93
38
38%
38%
38
38%
37%
38
38
383/4
7,500
37%
37%
28
28
28
28
*28
28%
*28
28%
400
*60
62
*60
62
62
62
*61%
63
100
30%
30 3/4
31%
30%
31%
111%
111%
1111/2
111%
1113%
160
12%
12%
12%
12%
123/fl
Atch
'2,200
92%
93
92%
5%
■
14,500
65%
65%
65%
2,700
37%
*27%
*59%
30%
28
*27%
27%
61 %
*60
62
30%
31
111
*110
110
12 %
12%
54%
54%
12%
*54%
*53%
54%
54%
117
*116
*14%
15%
*7%
116
*14%
8%
*67%
8
67%
69
30%
31
111%
*110
111,
12%
12%
55
*54%
54%
.
54%
30%
*110
12%
12 %
*54%
54%
55
53%
55
54
*545/8
53%
116
116
116
*14%
15
15
15
*15%
151%
7%
15%
8
8
9
8%
9%
3%
69
69
*68
68
8%
3%
3%
3%'
71%
3%
72
33/4
3%
18%
18 74
18%
191/a
7%
7%
7%
7%
7%
14%
15%
15
15%
14%
15
14%
10
*9%
10
9%
10
9%
64%
64
64
64
64
64
64
64
64%
21%
21%
22
22%
22%
22%
22%
22%
22%
78%
preferred
conv
8,600
21%
45%
45%
14
*45%
15%
16
157/8
I71/8
17
27%
27%
*27
31%
31%
*17
8%
*8
331/2
*32%
114
*112
.
19
19%
7%
7%
19%
7%
19
7%
19%
18%
7%
7%
5,600 1
19%
7%
7,000
31%
15
97/a
14%
9%
141/4
14%
14%
14%
151/8
15%
46%
*4,5%
46%
*45%
46%
*45%
15%
16
17%
28
16%
*27
321%
"
32%
15%
15%
17
17%
28
*27%
33
32%
16
15%
14%
9%,
16
•
15
.9%
15
6,500
10
64%
22%
900
,
270
64%
22%
~
15
46%
*45%
15%
15%
1.400
,
15
2,900
,
16
17
17%
17%
17
28
28
28
2,300
17%
28
3,700
,
28
32%
*31%
32%
*31%
300
.
106
8%
*33
114
106
106
8%
33%
8%
*33
114
114
106
*106
8%
*8%
*33
33%
114
114
107
8%
33%
114
*106
*7%
33"
*110
107
8%
*106
*8%
11
*10%
♦10%
11
11
11%
11%
11%
12%
12
12%
351/8
351/8
34%
35
35%
35%
For
14%
7
66
4
4-
3
3
22
19
3
7
3
15
8
14
Feb 18
Jan 3
Jan 7
Apr 19
Jan 4
Mar 31
Jan 25
Apr, 19
3% Jan
Sep
17
%
Jan
21
131/2
Jan
31%
Oct
3
2% July
.
5
x67
Jan
861/2
Jun
14
23
Jan
34
SepA
66% Mar 13
52
May
31% Jan
76% July
Jan
Jan
47
18%
Dec
Jan
8%
18% Mar 16
61
Nov
661/4 Apr
6
15% Jan
17
42% Feb
25
27%
Jan
Jan
4
127%
Jan
lOVa jan
25
132
89% May
4%
3%
Apr
43% July
134
Aug
91/4 May
Jan
Jan
91% July
Nov
185% July
71%
5
168
Mar 21
177
9%
Jan
45%
39% Mar 16
241/4
81% Mar 23
591/2
Nov
80
25% Mar 22
181/4
Jan
Jun
24%
Jan
.
July
Apr
4
107
Nov
116% July
116% Mar 13
96
Feb
112% May
Apr
111
2
11% May
Jan
13%
Dec
18%
Feb
8
97%
Jan
104%
Jun
11
42%
Dec
547/e
Dec
4i/4
Jun
16% Mar
105
6%
3
Feb
13
Mar
53% Jan
1%
Jan
2% Jan
7
Jan
26
6%
Jan
10
Mar 22
221/4
Nov
29% May
5% Mar 16
1%
Jan
10
29
46%
Apr
9
May
87%
Jan
Jun
Apr
5
25% Apr
5
7
Jan
26
Jan
78V2
Jun
Feb
36%
Apr
91
80
Apr
6
39
37
Mar 23
30
35
21
68% May
41/2
J an
40%
Jan
70
May
Jan
5
May
2%
21
Jan
Jan
53%
4% Jan
43
;
July
5
2
7% Mar 31
Apr
Jun
661/2
Sep
Mar 25
37%
8% Mar 15
4%
Jan
9% May
8
51/4
Jan
71%
25
39%
Jan
72
7% Apr
48
Apr
Oct
68
Nov
821/4
Sep
12%
Jan
15%
Jun
7%
Feb
20%
Jan
271/8
Apr
116%_Jan
125%
Nov
36
Oct
Mar 15
15% Mar 28
Mar 31
12
Feb
47
17% May
7% Nov
xl9% Mar 16
93
Jan
24% Jan
5
Jan
13
35
Jan
3
10%
Jan
x26
Jun
4% May
7
A
Jan
52% Mar 22
18%
Jan
48%
49% Mar 22
16%
Jan
451/2
Oct
101% Mar 13
6%
Jan
11%
Jun
2% Mar
170
154
1
May
Oct
173
16% July
10%
17% Apr
8
15% Mar 14
Jan
691/2 July
8%
9
Jan
54
14 % Mar 16
68i% Mar
Feb
Oct
Jan
15%
-z
18
-
Apr'
May
12%
Jan
16
25
Dec
32% Mar
39% Mar 16
36
Dec
47%
Feb
30
Apr
4
20
144%
Feb
161
Aug
35%
Jan
45
Apr
24
141%
Oct
151% Aug
27% Mar 16
19%
Jan
29% May
Apr
43% Jan
155
151
Apr
11% Mar
4
16% Jan
Dec
16
22% Mar 21
12
Jan
17% July
40y4 May
17%
Jan
33
Jun
115
Aug
5
119"% Apr
21
91
Jan
Jan
21
21%
Jan
32% Aug
8
1271/4
Jan
158% July
1
42V2
Jan
30
159% Mar
63
Feb
63% July
64% Feb
3
43%
Jan
65% July
146% Feb
15
129%
Jan
146% July
19
6%
Jan
11% Jan
32
46% Mar 16
119% Feb
21
Jan
115% Jan
12% July
Sep
49%
121% Aug
9
May
3%
Jan
2
53%
Jan
91% Mar 16
3%
Jan
8% July
89 % Mar 16
55%
Jan
79% July
3%
Nov
81/4 Mar 15
89 % May
5% Mar 16
88%
7%
Nov
Apr
42%
Jan
54% Mar
27% Mar 16
24%
Nov
31%
27% Mar 16
24
Jan
29%
25% Mar 25
16%
Jan
23% July
23
111%
Jan
8%
Dec
1%
11
50% Apr
116% Feb
,
116
.
Apr
Apr
Mar
14'/2
Apr
Jan
31/a
Feb
Apr
20
34
Jan
47%
Sep
6'% Jan
7
3
Jan
6%
89
Jan
8
46
Jan
75
Sep
119
Jan
7
49
Jan
84
Dec
39% Jan
17
30
Jan
40%
Jun
11J/4 Mar 20
3
50
Mar 22
10y4 Mar 11
10% Mar 16
24
14% Mar 13
113
Apr
99% Apr
10
92% Apr
12
Jan
13
37
107
Apr
4
68% Mar 18
95% Apr
18
65
6%
Jan
10%
Jun
4%
Jan
10
»/4
Jun
Feb
110
Jun
92
Jan
15%
72%
Jan
97% July
59
Jan
94% July
29
Jan
39%
Oct
100
Jan
108%
Nov
44%
Jan
66
Jan
67% July
90% July
24% Nov
38
19
Jan
36%
Oct
Mar 15
44
Jan
68
Oct
18%
Jan
28% May
31% May
111% Apr
5
14
13% Mar 22
106
Mar
113%
May
Sep
6%
Jan
13% May
501/2
Jan
57
Feb
24
58% Jan
24
52
Jan
9
113
56
Oct
61/4
Mar 23
39% Mar 22
30
Sep
Sep
68% July
Jan
123
Jun
21
7%
Jan
16
Dec
5
2%
Jan
9% Aug
5
4% Feb 24
28%
Jan
85i/4 Aug
21% Mar 16
10%
91/4 Mar 22
3%
6
117
Mar
16% Feb
10% May
78/2 May
6%
Apr
Jan
20%
Dec
Jan
10
Apr
Jan
14%
Apr
3% Nov
33
32
footnotes
see
page
1879.
*10%
.
10%
♦10%
*110
114
10%
*10%
Aircraft
Beech
Creek
12
11%
11%
11%
2,600
11%
35%
36
36
36%
35%
36
RR
Beech-Nut Packing Co
400
,
Belding-Hemingway—
Bell Aircraft Corp——
3,300
Bendix
10%
12
preferred
—
Corp.
Beech
40
33
114
Creamery
600
8%
,
'
13
Baltimore & Ohio————-—_100
4% preferred
-100
Bangor & Aroostook
50
:.Conv 5%
preferred
-100
Barber Asphalt Corp
Id
Barker Brothers
No par
5%% preferred
--50
Barnsdall Oil Co———
5
Bath Iron Works Corp
——I
Bayuk Cigars Inc—
-No par
$4.25
160
107
/V'"'-
B
Baldwin Loco Works ▼ t c
Beatrice
1,400
32%
*
*10%
52%
114
100
—
50
46%
"
106
106
19
*
141/4
*14
-No pari .1
Corp
.
*91/2
—
preferred
23%
17%"
25
;
*
*-64
107%
11%
531/4
5
—50
No par
Austin Nichols———
—No par
$5 prior A
No par
Aviation Corp of Del (The)
;_3
Atlas Tack
1,790
3%
Corp—;
6%
5%
24.800
3%
3%
3%
10%
Coast Line
Atlas Powder—
100
9%
No par
-
100
15%
12% Jan
90
Jan
85% Jan
34
Apr
103% Jan
53% Jan
82_ Jan
25% Jan
25
Feb
591/2 Jan
24% Jan
RR—si——100
Atl G&W 'l SS Lines
—1
5% non-cum preferred
—_100
-Atlantic Refining———-25
4% conv pref series A
*—100
Atlas
710
75%
_
•
100
54
116
*15%
76
3%
55
115%
54%
116
116
116
5%
11,600
53%
*54%
55
116
102.^ Jan
preferred—-——--1---——100
Topeka & Santa Fe_—--—100
preferred
—
.—100
Atlantic
"
30%
—5
No par
—
Co—
3
3
3
(
.
Assoc Investment
3
44
Feb 16
24% Jan 26 ■
25
Jan 24
20
Jan 7
114 /Jan 6 '
9% Jan 10
2% Jan 2
42_ Jan 3 »
4% Apr 19
74% Jan 3
85
Jan 3
35 % Apr 18
9 % Feb 17
8% Jan 3
—100
Associated Dry Goods——————1
8%
1st preferred—
—10O
'7% 2d preferred
—-100
2,300
13%
Corp—
Corp.
preferred-.
7%
116
13%
13%
99
Constable
9%
9%
"
13%
Co Inc—
---5
Archer Daniels Midl'd_:_—-No par
Armour & Co of Illinois.—5
$6 conv prior preferred*—No par
7% preferred -—
100
Armstrong Cork Co__
No par
9%
•
50
No par
A P W Paper
100
;
Jan
6% Jan
67% Jan
4
Jan
Corp—12.50
:
$5 div preferred
No par
Andes Copper Mining
-20
~
100
116
2%
3
6% Jan
Anchor Hock Glass
100
9%
*2%
47%
5%
!
117
*9%
2%
36%
-
*115
9%
*9%
'
*112
99
117
100
Jan
841/2 Jan 10
_25';-
Copper Mining
Anaconda Wire & Cable
6
3
7
8% Jan 3
39% Apr 19
116% Apr 26
No par
No par
No par
—TOO
1
preferred
110
I
""
83%
102
*100
9%
*9%
46
.46
117%
*115
.
2%
*2%
.
10
Anaconda
9,800
231/4
*115
Lead & Smelt
$5 prior conv
26%
25%
25%
Amer Zinc
3,600
25%
*25%
Woolen—
Preferred
50%
26
25%
25%
preferred
1st
American
1,000
'
4%
*46%
$6
,2,000
82%
4%
50%
100
;
.
Wks & Elec
Am Water
u
1
Corp:
preferred
5%
10,300
7%
7%
American Viscose
Jan
Jan
156
56%
57"%
139
—100"
;—10
—14
100
——
Foundries Inc
Amer Type
V|':-100
91%
81%
*45
"V'
\
7
7
*88%
7%
*88
7
v
91%
7
89%
*117
preferred
6%
"8,600
*116%
Sumatra Tobacco—
American
2,100
41%
100
No par
-
3
Jan 13
391/2 May 2
147
Mar 8
23% Apr 24
15 • Jan 20
16% Jan 3
29
Feb 11
111
Jan
7
27
Feb 26
Telep & Teleg Co—;
—100
Tobacco-.
———25
Common class B
:—
—-25
490
41%
36% Jan
147
Amer
1,800
2,900
;
41
2%
Am
200
157%
62
Jan 21
2% Apr 19
44% Feb 21
40
Feb 14
9
Jan 3
163
Jan 22
12%Jah 3
62% Jan 3
13% Jan 7
131/2 Feb 21
26% Jan 3/
Co—
Light
Preferred
.9,700
157
62%
144
1433/4
*90%
36%
*20%
62%'- 62%
*33%
90 %
37
157%
157%
*62
370
*15% ,15%
4M
28
*27%
28
157%
157%
61%
*33%
*105%
21
23%
15%'V:
20%
36%
105% 105%
65%
66%
90%
106
15%
39%
119 "
28
23% *8''
233/4
119%
39
39
119
39%
15%-
90 %
•
99
90%
*33%
*
*98
99"
500
■
.1,200
'
153%
*149
21
*20%
157%
13%
13%
13%
36%
153
151
24
,23%
V '15%
21
61%
116
*112
116
*112
i-
V
'
41
*39%
*149
61%
5%
82%
82 %.
*100
102%
36
36 %
*9%
9%
91/2
9%
82%
*100
39 %
151
-
15%
*27%
5
5%
271/4
157%
47
47
47
•
*149
24%
10%
*2%
,
-14%
263/4
39%
39%
151
38%
116
.
14%
15%
*22 J/4
116
2%
15%
14%
263/4
15%
36%
119
26
23
*9%
•
152 3/4
25%
25%
10%
15%
14%
26%
•
27
*25%
25%
23%
L'
2,300
'
•
15
*14%
152%
•
65%
65
66
50
"4,900
'13
10
26
*9%
12%
■
■
175
*168
.
27%
16%
*15%
142%
25%
116
*115
65%
x36 %
21'"
7%
92%
7%
81
4%
50%
6%
7
6%
/_175
12%
*168
66
23%
41 %
117%
40%
117 %
«
37%
10
*116%
..
65%
*15%
143
10
20,200
152%
21
142%
142 %
10
9%
37%
23%
15 %
38%
119%
*27%
27%
157
157%
61%
61%
61%
61%
156%
9%
151%
*119
27%
*27
156%
9%
37%
37%
'
6,000
News
Amer Power &
Jan
4
May
Jan
120
32
No par
-No par
$6 preferred
1
No par
$5 preferred
;—
No par
Am Rad & Stand San'y
No par
Preferred 1— .———100
American Rolling Mill
-—25
41/2% conv preferred
100
American Safety Razor
—18,50
American Seating CoNo par
Amer Ship Building Co—:—No par
Axner Smelting & Refg_
No par
Preferred
100
American Snuff
•—25
6% non-cum preferred—
100
Amer Steel Foundries
—No par
American StoresNo par
American Stove Co—
No par
American Sugar Refining
-100
4,700
43%
12%
15%
39%
15%
.
46%
43%
13
27%
*149
21
15%
46%
43%
152 %
41
23%
23%
15%
175
46%
43
.
preferred
American
200
46
37
151
34%
3,900
152
152%
120
*34
2%
12%
15
14%
120
2%
65%
15%
6%
2%
13
*27
100
34%
9%8
115% Feb 18
Metals Co Ltd
i
4
14% Feb 29
8% Jan
4
20
Feb 15
Mach & Metals—
Amer
2%
2%
*168
175
*168
Amer
800
x34%
34
34
.1,200
120
*119%
119% 119%
2%
Amer
11 Va
21
14%
Dec
431/4 July
94
——-100
2,700
11%
21
Sep
97
Jan
4014 Apr
No par
No par
No par
Mach & Fdy Co..-
15%
11%
15%
80% Jan
-
21
21
34%
15%
*23%
15%
119%
65%
*149
1,100
2 %
13
*39%
88 %
34%
66
*149
88%
15%
12%
41
88%
*10%
65 %
150 %
*87%
11%
13
152
88%
15%
66
*39%
*87%
21
12%
152
10,500
11%
66
36%
17 %
21
9%
80
48
17
11%
9%
,600
7%
*7
47%
'
17%
119%
170
152
100
2,600
8
16%
21%
12%
36%
63
■7%
17%
20%
43"
27%!
63
3,600
17%
15%
American Hawaiian SS
.1,400
6
48
11%
15%
15%
11%
21%
119 %
34%
2%
46 %
42%
*47
48
*47
48
16%
36%
68%
6
8
7%
7
7%
*7
7%
*7
48
87
*27
68%
$6 preferred—
-
800
i;400
6
*73%
8
7%
8
.——No par
Co_——10
American Hide & Leather—
1
6% conv preferred
50
American Home Products
1
American Ice——No par
6% non-cum- preferred———100
Amer Internat Corp—
No par
American Invest Co of 111
1
5% conv preferred—.
;
.50
American Locomotive-No par
7% preferred
100
600
;
3%
41'
65
*62
65
*62
*40
68%
5%
6%
6
r
3%
41
*40
65
75
34
3%
3%
*40%
5%
75
33%
"
41
7%
17
14%
74%
34
74%
75
,
68
87
*27
2,700
4%
83%
22%
16%
14%
4%
4%
84
*85%
15 %
600
82%
17
14%
25%
'
*47
*15%
25%
22
'
9%
25%
4%
"
170
1,600
,
23
*62
8
9%
700
8 3/8
84%
8
48
American.
5,400
2%
8%
4%
5%
5%
65
*7
175 "'7
27%
*2%
8%
21%
68
48
.
27
2%
83%
*40%
7
9%
27
American Colortype
70
4%
*3%
48
*167
*103
83%
3%
7
15 %
103
22%
*3%
5%
Co___
Crystal Sugar—
6% 1st preferred
—
Amer. Distilling Co
stamped
American Encaustic Tiling
21%
68
No par
10
10
-100
_20
1
Amer European Sees———No par
American Export Lines Inc.
~1
Amer & Foreign Power-—No par
$7 preferred
No par
$7 2d preferred A-—_——No par
Chicle
American
83%
4%
conv
800
8%
25
25
25
5%
360
*2%
2%..
8%
No par
preferred-—---100
& Cable Inc
No par
preferred
;
—_100
1,000
14%
1033/4
26%
26%
26%
27%
2%
*8%
41
7%
*7%
14%
27%
—-100
;
.
& Fdy—
11%
11
14%
103
-1
—25
non-cum
Chain
Am
800
,
115
11
*14%
3%
*7%
114%
*10%
33%
*62
115
115
14%
103%
7%
111
11
*103
;
Preferred
%
*109%
100
Can
American Car
3,200
/ 500
237/a
111
116
103%
American
-
490
-i,
.
34%
74
*23%
23%
23%
11
*3%
65
*73%
14%
33%
6
*5%
*62
14%
*103
173%
34%
74
115
33%
*67%
35
14%
11
*72
*40%
172%
173
11
115%
115
Amer
5,300
Co——No par
Shoe
preferred
Cable & Radio Corp
51/4%
.<*
2,900
*1.09%
111
33%
67%
67%
*109
8%
891/a
*73%
23%
23%
23%
111
*24%
41
*40 %
73%
23%
8%
86%
173
35
73%
33%
33%
3%
*33%
34%
74 %
*109
8%
87%
35
172%
35%
74
75
*2%
8%
172%
173%
34%
173
130%
*129
Brake
Am
1,300
% 150
/
*86%
86
86
"
-
8%
QMl %
8%
86
M30%
*129
130%
14%
39%
1293/4
129%
16%
Jan
26%
3% Feb
Apr 27
Apr 25
Apr 25
Jan 14
Jan
3
Jan 14
126% Apr 12
8% Apr 24
82
Mar 1
170% Jan
5
33% Apr 18
68% Jan 4
23
Jan 26
108% Jan 20
108% Feb 18
10% Jan 5
14
Mar 10
101 % Feb
7
25
Apr 19
2% Mar 6
8
Apr 25
23
Jan 26
4% Apr 24
68
Jan 10
15% Jan 10
■ 59« Jan
8
33
Apr 19
31/2 Jan 3
39% Mar 31
65
Mar 27
4
Jan 10
61
Jan 19
7% Apr 25
6% Jan 12
46
Jan 10
14% Feb 4
1
Corp
Bosch
American
Jan
73%
20
27
58
16
60
7%
37%
50
preferred
6%
23,800
61/4
5
5
Mar 21
109
Mar 29
82
Agricultural Chemical-No par
American Airlines Inc.—
10
American. Bank Note
10
140
14%
14%
40
27%
2%
8%
25%
4%
82%
22%
27%
27%
2%
8%
25%
4%
27%
14%
40
8%
103 %
*103
15%
40
85%
14%
14%
14%
*14%
15
40
*129
11
11
11
11
15%
40 %
Highest
$ per share
share
per
Jan
17
40
2
Jan 4
281/2 Jan 12
Corp—No par
Petroleum
Amerada
share
100% Apr
Jan 27
Jan 3
Apr 24
Apr 19
17% Apr 19
Amer.
500
39%
14%
115%
14%
39
6%conv
2,600
63%
*62%
40
14%
39%
129%
8%
85 %
174%
34%
74%
23%
HI
14%
39
*63
64
*63
*27JA
27%
preferred—-——100
No par
1
preferred
50
conv
Alpha Portland Cem—
Amalgam Leather Co Inc
1,000
2%
*38
'
4 r/o
No par
Mfg
Allls-Chalmers
9,100
109
14%
96%
33 %
105
100
preferred—
5%
200
,
No par
Allied Stores Corp
5,400
993/4
34%
109
Lowest
Highest
$ per
$ per share
Par
•
1
Year 1943
January 1
1
16 3%
•
*99%
34%
107%'
17%
share
15%
*99%'
99%
34%
34%
107'/a
$ per
16%
16
*99%
Range since
Lowest
STOCK
EXCHANGE
the Week
$ per share
$ per share
107% 108%
*17%
17%
99%
*99%
May 4
May 5
NEW YORK
for
Sales
Friday
99%
share
$ per
16
Thursday
May3
May 3
share
per
16
16
SALE PRICES
Wednesday
Tuesday
Monday
Aviation
25
No par
—-1
—50
^-20
No par.
—1
5
„
Apr 24
5% Jan 3
9% Jan- 3
k
9% Jan 3
60
Jan 4
21% Apr 25
12
Jan 4
43
Jan 24
15 A Apr 19
18
..
•
25% Feb 15
31% Jan 7
105% Apr 26
8
Apr 25
31
Jan 11
113% Apr 24
101% Jan 3
105^ Apr 25
33 % Jan 13
1
17% Apr
Mar
22
5%
Jan
12%
Apr
Jan
27
341/4
Jan
63%
Dec
12
Feb
281/4 July
12
65
26%' Jan 24
16
May
4
5% 'Jan
15%
Sep
Sep
46% Mar 20
30
Jan
47
18% Mar 17
12%
Jan
19% July
18% Mar 15
13%
Jan
20% Mar
29% Mar 16
231/8
Jan
13
24%
Jan
108% Feb 28
105%
Dec
35
Apr
X29
May
33% July
xllO
Sep
3
71/4
Nov
14%
34% Mar 28
25%
Jan
33% July
Feb 15
11% Jan 24
93
Jan
11% Jan
117
15% Jan
37% Mar
11
8
114
Sep
Aug
11"% July
9%
Dec
9%
Nov
20% Mar
Nov
397/a
33
Apr
Volume 159.
Number 4279
.
THE COMMERCIAL & FINANCIAL CHRONICLE
tow AND HIGH SALE PRICES
"
Saturday
Monday
May 1
April 29
4
$ per share
*1774
547a1
35%
35%
*35%
nvi
17%:
58%
17%
*40%
*173/8
17%
*54
55
*54
55
■
35%
$ per share
share
17%
35 3/8
17%
357a
17%
587s
119%'
$ per
*11%
59%
119%
120
593/8
1774
173/8
173/8
,
*120
3,800
583/4
1207a:
Best Foods
1207a
43
437a
427a
18 78
187a
187a
18%
1874
800
872
874
874
8%
87a
2,700
41%
41%
41%
41%
is y4
8%
17%
177s
*1774
18%
*8y4
8%
83/B
8%
83/a
*171/4
17%
17%
17%
17%
17 y4
*17
1774
*17
1774
173/a
173/a
400
14%
15%
*143/4
15%
*143/4
15l/2
*147a
157a
*15
15 %
153/4
90
*96%
99%
*96%
98%
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9872
*9672
1572
9872
%
42
42%
13%
13%
99%
133/4
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47%
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4,7%.
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8%
48
91
*18
43
91
91
91
*89%
1334
14
1,500
-
903/4
47%
47%
47%
47%
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4774
38%
38%
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397b
40
*4774
40 3%
■
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13%
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1374
137a
13%
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48
477a
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903/4
9074
9074
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48
48
•
35%
36
303/4
*3%
1
3%
*38%
39
14
;
'
30 3/4*
36
30%
363/a
3%
39
39
9%
14%
14%
49
49
9%
29%
97B
30
30
9%
36%
367b
367a
33/4
*33/4
37a
3.3/4
39
*44
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39
97s
1,800
30%
41%
2,800
307a
403/4
44
44
*44
443A
*44
45%
*41
447a
20%
20 3%
203/4
207a
203/4
21%
*20%
203%
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*413/4
42%
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4272
42
42
*17%
17%
17%
17%
18
*1772
18
173/4
400
,
20%
42%
173/4
9
9
*119%
120
6%
*116
57%
573/4
7%
18
*18%
28%
'
*4%
6%
58
1183/4
58%
59%
119%
*1197a
1,100
11972
7
60
1,160
77a
772
1,800
*18%
183/4
300
Buffalo
18%
18%
185/a
185/a
500
Bullard Co
*3174
313/4
31%
3i3/4
200
Bulova Watch—
*1874
183/4
18%
18%
*3174
317a
*31%
313/4
*28 34
287a
110
4%
443/4
93/4
4%
■
62
45
463/4
97c
97B
29%
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29
3
"62
*27s
13%
137s
137a
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76
76
203/a
20
20
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25%
2574
2574
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56
56%
7a
18
1
6%
6%
6%
—
920
•-
2%
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4,500
•/
3
200
100
,
135/a
20
135/a
137a
1,100
753/4
753/4
130
20
*20
26%
26%
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263/4
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557a
*5574
5674
%
%
II
7a
63/a
6%
674
674
6%
.
!
107a
2974
7a
26
ii;
49
10%
753/4
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203/a
47%
2,000
130
2974
56%
26
*5574
6%
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5,900
.
4%
107a
13%
13%
76
100
'
64
2974
;
27a
3
133/4
77
47a
20%
263/4
27
-
1,000
.
5674
%
%
67a
674
17 y4
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167a
38
17%
23%
.'
24%
24%
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17%
38
83/4
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24 3/8
-j
6,300
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87a
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77a
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105%
47%
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2874
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,
105%
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1487b
150
45%
28
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87a
44
1487a
45%
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32%
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3278
327b
118%
118%
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11%
11%
11%
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20
*19%
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3%
110
110
v;
10
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107
197a
10
474
35
148%
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3274
5
47a
573/4
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23%
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10972
353%
23
23
109
109
109%
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47
47
11%
117a
4,200
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177a
580
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20
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110%
33/a
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1117a
93/4
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10%
23
23
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9
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9
32
*47a
117%
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32%
32
5
32
9
3,100
2,700
58
573/4
59 7a
59
*17%
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183/a
177a'' 177a
23%
235/a
23%
237a
247a
10974
109%
10972
10972
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5972
v
59%
59%
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177/a
—
177/a
2474
1093/4
1093/4
30%
30%
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31
30%
30%
133/4
*12%
123/4
*12 7a
123/4
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123/4
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44%
447a
44%
44%
447a
447a
441/2
447/3
44%
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7
6%
67a
145/a
*
6%
45
7%
,
15
7
143/a
774
147a
•
7
143/4
774
77a
147a
143%
31
240
774.
7
143/4
143/4
67b
6%
23%
24
23%
233%
22%.
22%
223/4
23%
227a
23
22%
227a
223/4
223/4
54%
54%
16%
54
547a
5372
54%
53%
54%
537a
543/4
*16%
17
63/8
;
17
233/4
16%
63%
24
16%
6%
233/4
6%
31
9,100
-
73/8
3,700
2,800
6%
6%
674
67a
4,200
237a
233/4
2378
3,100
227/a
547a
2374
5,000
55
1,900
16%
16 3%
163/a
16
16
i7y4
16%
17
17
177»
*17%
17%
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1774
177a
17 74
*42
42%
42%
425/a
43%
43%
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45
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52%
♦52
523/4
52
52
*51%
52%
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143/4
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15
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15%
15
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.
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15
*2% :
*2 7a
2%
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27
2%
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147a
14
15
15
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527a
14
15
2%
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147a
*2 7a
2%
1,200
800
45
*44
45 74
5234
*52
527a
80
143/4
*14
143/4
100
15
*143/4
274
274
300
.15
600
2%
27
25%
25%
*25%
26
26
2574
2574
82%
82%
82%
83%
825/a
8374
827a
84
837a.
837a
84
16%
163/fl
163/a
16%
1672
16%
17
1774
19
18%
19
105
1047a
105
60
*58 7a
60
*104%
105
*104
105
105
105
*57%
59
*58
60
*58
60
8%
8%
38%
874
397a
39
*160
83/4
40%
83/a
41
*160
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86
113
38%
38%
*106% 108
41
*160
*79
113
*112
85/s
86
*79
11374
1127a
387a
38%
*10674 108
105
*58%
83/4
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*2574
83/4
83/4
417a
86
1127a
3974
3974
*10674 108
59
4372
180
*160
*80
86
112
1047a
83/4
41%
*160
83/4
43
Chile Copper Co—.——
Chrysler Corp—.
City Ice & Fuel—
6%: % preferred
50
11,700
7,400
.
410
5974
170
9
1,800
180
*160
180
86
*83
86
112
393/4
*10674
393/4
108
112
,
40
.
11274
93
*92%
94
*923/a
94
*923/B
94
*92 3%
94
*923/8
55
*52%
55
*52%
55
*527a
55
*52%s
55
31s/a
*35
317a
35
35
*147
151
*111%
112%
*147
35%
151
31S/8
.
35%
*147
317a
357$
151
30%
35
35
*147
151
104%
113
67%
67
67
67
67
*67
26%
67
26%
*112
27
27
27
27
27
105
105
105
105
*26
26%
*110% 111%
.*14%
15%
16%
18%
16%
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For
*26 7a
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111
26%
111%
111% 112%
*11278 113
34%
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114
67%
67
67
27
27
27
27
105
105
106
1057a 1057a
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343/4
151
313/4
263%
5%
263/4
*66%
26%
347a
1,500
500
67
120
1,800
21%
106
27
112
*11172
15
157a
153/4
1674
17
163/4
177a
17%
17%
17%
193/4
17%
197a
177a
197a
183%
*173/4
18 y4
287a
*2872
see
18%
19
.1774
29%
29
page
20
19
2074
1774
18
18%
183/4
*18 7a
29
29%
29%
29%
1879.
112
"
*11172 112
Jan
293/4 Jan
14
13
107a Mar 13
Jan
120
.578 Jan
Jan
Jan
6%
27
Jan
Jun
4274 July
2074 July
1074 May
1047a
Mar 14
Jan
3
Jan
1187a July
9% May
7674 Jan
7% Mar 13
124
1167a May
47% Jan
627a Mar 13
774 Apr
Jan
8% Mar 13
67a Nov
193/4 Mar0.8
1474 Jan
18% July
2072 Feb 24
16'
Nov
2974
34
247a
207a
Jan
17
18
Jan
_
3174 Apr 28
275/a Jan 25
107
Apr 17
12% Jan
3
.4
Jan
3
54
Jan
6
Mar
43
8
307a May 16
1107a Mar
105
9
1372 Mar 16
Jan
May
97<
Jan
23/4
574 Feb 28
68
Nov
Jan
41
Mar 27
Jan
5474 Aug
10 7a Apr
Apr
3574 July
317a Jun
10974 Oct
15%
Jun
6% May
75
May
4374 Apr 25
87/a Jan
4
527a Mar
217a
Jan
103/4 Mar 13
574
Jan
10% July
28
'
297a Mar 13
20%
Jan
27/a
Jan
297a
57a
97a
Jan
Feb
8
-27a Apr 25
127a Apr 18
677a Jan
3
20
Apr 18
24% Jan
3
533/4 Feb 24
3/4 Jan
4
6 7a May
5
6
33/e Jan
3
15% Mar 16
807a Apr 11
22% Jan 18
657a Nov
283/4 Mar 11
563/4 Mar 8
7/a Jan 11
77a Feb 28
1574 Jan
3
18
2374 Feb
8
333/4 Jan
7
83/a Jan
3
10% Feb
425/a Apr
4
67a Feb 19
4374 Jan
4
97
4'
28
Jan
Apr 24
*13% Nov.
l37/a Jan
2972
25% Jan
37a Jan
327a Dec
Mar 16
Mar 15
4474 Jan 12
40
50% Mar 13
31% Apr 24
Jan
2
1277a
1227a Mar 16
407a Jan
11
Jan
3
3
187a Feb
Feb
19
Jan
Feb !
874
12% Mar 13
Jan
Nov
263/4
967a
24,
17
Jan
Jan
167a Nov
1
Mar 13
163/a Jan
3% Apr 21
110% Apr" 13
973/4 Jan
22
1$
17a
Jan
Mar
Apr
Apr
2774 Dec
193A
38
..Mar
11% May
47% July
47a Jan
28
303/4 Feb
39
110
Jan.
63/8- Feb
3674 Jan
x4% Mar 14
150
872 Apr 22
203/4 Apr 19
774 Jan 15
974
Jan
5
Jan 31
Dec
Jan
19
25/a Jan 13
1V2 Mar
67a
40,
Apr
19 y4 Apr 20
56
Jan
x85\ '
Jan
107
307a July
jun
5
33
113
Jan
4
146
.
Apr
257a May
%
18
4
Apr
1874 July
8372
523/4
45% Jan 18
87a Mar 16'
Jan
'4
Oct
Nov
22%
Mar 16
48 y4 May
107% May
49
Jan
16
277a Mar 23
407a Mar 21
9%
Apr
4674 July
'977a
3174
Slay
53/3
Apr
393%
147
Dec
Dec
Dec
54% July
40% Jun
120 %
14%
21
23%
Sep
Apr'
July
Jun
3% Mar
111
Aug
3
Jan
18%
Jun
8
13
Jan
25
Deo
9% Apr 21
3
Jan
98
Mar
115
*33
Jan
41
3
Jan
Mar 20
2674 Mar
116
Mar 28
3072 Feb 15
3772 Jan
4% Apr 19
67a Jan
4'
25
57
May 1
5872 Apr 18
17% Apr 13
327a Jan
653/a Mar 13
18% Mar 22
277a Feb 24
4
1127a Feb
110
2,230
3,600
.
480
2974
297a
29%
293/a
293/a
297a
3,400
29
29
297a
293/a
297a
2972
800
-
277a Jan
4
Ffeb
18
11
44
60'
874 Nov
Sep
Apr
73/a Jun
72% Oct
Mar 29
'57a
Apr 19
:
—2.50
19 3A
Apr
July
24
109
Deo
8% Jan
7
Jan
34
July
137a Mar 16
48
9
6
333/4
Mar 24
2%,
Mar
Jan*
Jan
50
July
9
% May
3
3
1872 Mar 24
77a Jan
4% Jan
3
Jan
4
77a Mar 22
253% Mar 22
287a Feb 24
10% Jan
21%
Jun
16%
Deo
22
18
21% Apr, 25
51% Apr 18
5772 Feb
27a
Jan
177a May
774 May
24
15% Feb 24
18% Mar 14
3
19% Mar 16
6
Jan
157a Jan
43% May
367a Nov
48
Dec
Apr
417a May
54
May
117a
Jan
153/4. Apr
16% Jan
38% Jan
2
Apr 27
47
Jan
53
13
Jan
143/4 Jan 22
1672 Jan 29
14 7B May
l3/a Jan
2% May
133/a Jan
1
5
Dec
18
Jun
33/4 May
2574 May
2
28
24% Jan
32%
773/4 Feb
7
867a Mar 16
677a
Jan
85 3% July
19
1074 Jan
15 % Aug
106
Sep
143/4 Jan
104
5
Jan 12
563/a Mar 28
6% Jan 12
353/4 Feb 17
148
Jan
7
.76
Jan
3
111
Apr 21
37% Apr 20
106
Mar 27
Jan
5
May
4
107
Feb
5
963/a Jan
65
Jan
4
27
327a Nov
4372 May
155
4
Apr 10.
123
67
3
6278 Jan 11
6
2
2372 Jan
103% Mar
253/4 Apr 25
"109 %
Jun
145
Dec
74% Jun
1163/4 Aug
427a Deo
1087a Deo
Jan
927a
21
50
Feb
54
Jan
337a Nov
3374 Jan
373/4 Mar 13
Sep
Sep
487a Mar
40
July
Apr 13
142
May
153
Sep
116% Mar 14
6774 Apr 29
88
Jan
123
July
61
Dec
151
1672 Jan
287a Mar 16
108
Jan
*103%
12
114
17
108
Jan 11
Jan
7
Deo
177a Jan
293/4 Mar 16
Feb 29
143/4 Apr 19
,
Jan
133/4 Nov
.11% Jan
3
18% Mar 22
274 Jan
127a Jan
4
2074 Mar 22
.3% Jan
Jan
4
18 3/4 May
2674 Jan
4
297a May
257/a Jan
4
297a May
13
Deo
8%
3974 July
927a Jan 10
307/a.May
Feb 26
Jan
Apr
6374
84
3872 Mar 15
3472 Apr 20
Feb 18
Jan
101 y4
Jan 12
53
3
Feb
28% Jan
4174 Jan 25
109
Mar
1097a
7872 Jan 29
11572 Jan
Feb
23/4 Jan
972 Mar 17
9274 Feb 26
527a Mar 22
—No par
No par
No par
No par
No par
i—100
Colo Fuel & Iron Corp—:
No par
tColorado &s Southern
100
4% non-cum 1st preferred—.100
4% non-cum 2iid preferred—100
Columbia Br'd Sys Inc el,A
2.50
Class B_
18
Jan
111
(The)
347a Mar
163% Nov
993,4 Jan
117a Jan
145
Class A
2,800
/
No par
Colgate-Palmolive-Peet
$4.25 preferred
Collins•& Aiktaan
5% conv preferred
1,700
17
16%
17
97a
44
July
44% May
1874 Jun
100
———
-Coca-Cola Co
190
-
—29
—9
No par
—100
100
1
——100
preferred
Preferred
114
15
18
Jan
4
gtd
50
Special gtd 4% stock—
50
Climax Molybdenum
No par
duett Peabody & Co.———No par
151
15
17%
19%
37%
3
ciev & Pitts RR Co 7%
4,300
15
*
4
Jan
—100
preferred..
Clev El Ilium $4.50 pfd
w_^'
32
15
16%
287a
footnotes
265/a
111%
10574
343/4
*147
313/4
15
18%
29
1127a 112%'
313%
31%
307a
Jan
J an
Clev Grap* Bronze Co (The).
—_
55
31%
52%
5%
1,100
94
*52%
__i
200
40
*10674 108
*92%
31%
.t,127a Apr
Jan
23
City Investing Co
——
City Stores——
————5
Clark Equipment.
No par
C. O.-O. & St. Louis Ry. Co.—100
1,000
43
112
112%
v
104%
*83
38%
39%
*10674 108
87a NOV
20%
33
108
—No par
tChilds Co.
900
84%
16%
*2578
103/4 Mar 17
327a Mar 21
-100
Checker Cab Mfg..
—
5
Chesapeake Corp of Va
-5
Chesapeake & Ohio Ry—-——.25
Chic & East 111 RR Co
No par
Class A
—
—40
Chicago Great West RR Co.——50
5% preferred—
——50
Chicago & Northwest'n w i—No par
5% preferred wi—-——100
Chicago Mail Order, Cp
5
Chicago Pneumat Tool
No par.
$3 conv preferred
No par
Pr pf ($2.50) cum div.—No par
Chicago Yellow Cab
No par
Chickasha Cotton Oil—
—10
—
*23 7a
24
Nov
Nov
No par
—
600
157a
No par
——
Champion Pap & Fib Co
6% preferred
2,100
;
12%
30
Chain Belt Co
300
24%.
1093/4
*127b
■
——100
Deo
147a
45
Jan
'
247a
12%
30
—
No par
Cerro de Pasco Copper.;
No par
Certain-teed Products—
—.1
6% prior preferred—*
—100
Certificates of deposit———100
1,100
,
597a
30%
7
I
—
4%
30%
14% .15
Century Ribbon Mills
Preferred—
3274
*12%
44%
Central.Violeta Sugar Co.
100
/
'
58
*57
—
300
4%
47a
,
1,000
*115-74 11774
3274
——No par
—
20
Central Aguirre Assoc..
No par
Central Foundry Co.—
....1
Central 111 Lt 47a % preferred-100
tCent RR of New Jersey...——100
30
10 y4
23
*8 7a
11774
47a
11172
10 y4
93/4
■
—No par
3874
1174 Nov
20
9872 Jan
Packing——No par
No par
2d preferred————- 10Q
July
Apr
67a
1672 Mar 13
Zinc-Lead————
Celotex Corp
5% preferred
1,200
1,600.
w
23
23
1%
287* Jan
23
Oct
39
517a Mar 17
116
preferred——50
Co—
Jan
427a Mar 15
4574 Apr 22
par
—1
—25
-100
Jan
27a
14
No par
Caterpillar Tractor
Celanese Corp of Amer
200
Feb
26%
Jan
—No pof
:
Preferred
2,200
374
*i95/a
20
""30
~
Jan 28
1
—
i—
Case (J I)
7,300
1972
3%
24
58
•
3372
117a
597a
*
■
11874
1774
*110
5
L-
33
1774
*193/4
33/a
460
80
11
Dec
22% Jan
19% Jan
6,600
11%
July
35
87b Jan
353/a
/ r,
150
1774
51
Jan
4
17 y4 Jan
Carriers & General Corp.
17%
Jan
17
3
407s May
par
300
1073/4
11
387a
50% Feb
Mar 16
400
280
47
5672 May
9674 July
Apr 10
4%
100
118
337a
118
3- "
*17%
3434
150
Nov
4
43-
Cannon'Mills—————No par
Capital Administration class A—1
$3 preferred A--*
10
Carolina Clinch & Ohio Ry—100
Carpenter Steel Co————-5
900
\
73/4
28%
*47a
85-'
Feb
4074 Jan
Campbell W & C Fdy
—No par
Canada Dry Ginger Ale———5
Canada Southern Ry Co—;
-100
Canadian Pacific Ry
———-25
~
110
33
323/a
32
*4%
*57
47
47
*28
95
40
87/a Jan
1
Calumet & Hecla Cons Copper.,—5
15,500
-
118
*11574
59%
148 7a
9
44%
33%
117%
5774
>
39
118%
323/4
*11574
57
,353%
353/a
14872
■
3,800
Forge Co
Callahan
3,500
v
4874
10774
283/4
*115%- 117%
31%
73/t
48
.
107
474
*8%
*57
77a
487t
.2874
8%
58%
7
10%
*227a
,
*774 *
4%
11%
11072
..
.
87/a
4472
23%
1772
197b
77a
974
443/s
'4 V\
17%
33/a
*110
9
*273/a
.
118
59%
58%
48
8%
5
*58
47%
8%
31%
*4%
*3774
383A
44%
11
10%
*8%
117%
31%
383/4
377a
9%
437b
106
3274
33/8
23
177a
5%
10
2572
11872
1974
io%
9
*115%
32%
110
23
10%
24%
*23
■>
46%
*118
17%
2574
87a
.
35
14874 14874
17%
253%
43%
*774
47%
*43
17%
25
3772
9
43%
173/a
25%
47%
44
8%.
*42%
'
:
-
38
*423/4
8%
'
17%
25
25%
No
Wheel
California
2,800
,
';
'
2174 Mar
Jan
29
39
—
200
-
*5574
-
113/4 Nov
41%
15 % Feb
22
Burlington Mills Corp.—
1
5% preferred
^—100
Burroughs Adding Mach
No par
Bush Terminal—
——.1
6% preferred
———.100
Bush Term Bldg 7% preferred—100
Butler Bros
10
5% cpnv preferred
—30
Butte Copper & Zinc..
...—5
Byers Co (A M) —
No par
Participating preferred——100
Byron Jackson Co
—No par
1,100
«
127a
*62%
4774
10
*29%
133/4
20%
4s/a
-
287a
110
1272
62
46
9%
29
110
127a
4%
4%
62
287a
110
xl23/4
45
X9%
*2872
3
4%
287a
*109
61
4472
10
*27b
13
4%
29%
283/4
283/4
110
13
61
443/4
283/4
*109
13
127s
61
*28%
287a
HO
*109
127a
.
Budd
Jan
Jun
1974 July
Jun
100
July
19
27
——
772
183/4
77
17
j
772
*1874
••
76
Dec
12% Jan
(E G)
772
Jan
972 Jan
40
407/a Feb
1%
,
18%
4%
3
—
Jan
5278 Mar 13
14% Jan 13
preferred—
—100
Mfg.—.1—No par
preferred—...100
$5 preferred
-No par
Budd
130
,
7%
18%
10
Apr
393/4 Jan 18
7%
70
8,600
•
18%
31'%"
18
-5
No
CO—
75/s
*59
*24
Bucyriw-Erle
-
'
120
5978
Bruns-Balke-Collender
2,200
.
May
28% Jan
No par
Brown Shoe Co—;—
100
18%
77
6%
597a
59
597a
120
2,800
9
63/4
120
88% Apr 18
467a Jan
4
337a Jan 26
15
——u
Corp-
7%
13%
U
119%
63/4
120
77
56
11972
6%
6%
119
13%
*25%
87a
4
Jan 26
110
(The).
18%
12%'
9%
*20
87a
.5
—i.—1'
77a
*109
/ 29
*2%
0%
118
87a
Jan
45
No par
No par
....
18,%
287b
,
44%
•9%
573/4
*31%
4%
44%
*119%
*18%
61
*28
120
63/a
*116
"
12%
*58%
*11978
63/a
118
8%
987a Apr 25
7%
28%
110
12%
*109
87a
1174
5
*18%
%,
18%
31%
31:%
*17%
9
67a
*114%
57%
7%
18%
18
87a
120
120
6%
118
,
11%
9
9
193/4 Mar
Jan
4
100
.
200
44%
*41%
Jan
678
137a
37% Jan
303/4
95/a
Jan
16
9% Mar 18
Bower Roller Bearing Co.—
5
Braniff Airways Inc
.2.50
Brewing Corp. of America
—
15
Bridgeport Brass Co
'—No par
Briggs Manufacturing...
No par
Briggs & Stratton—-No por
Bristol-Myers- Co—
—..5
Brooklyn Union Gas
—No par
200
3072
273%
13% May
Borg-Warner
-
4,800
403/4
4
Mar 11
937a Mar
16
No par
697a Apr
1217a July
19
100
/
147a
497s
93/4
Jun
'
5% Mar 22
147a
41%
17
54
11074
3% Jan
497a
,*9%
30%
Jan
Nov
.
2
May
43% May
34% Jan
4972
93%
9%
872
19% Mar. 22
6274 Mar 16
Sep
120
—5
(assented) .100
143/s
30%
July
167a Mar 31
Borden Co
6,100
147a
*403/4
Nov
38
Boston & Maine RR
3,600
.
*4874
9%
57
Jan
11072 May 4
31% Apr 17
38% Mar 11
143/e
31%
173/a
Feb
223/4
600
-
377a
37a
3%
13% Mar
543/4
1474 Mar 14
Class B
Highest
$ per share
24
3
class A—
share
397a Mar 25
56 y2 Jan
3
Bond Stores Inc
Preferred
600
497a
41%
45 y2
*
Mar 13
7% Jan
Bon Ami Co
1,700
-
.
4
19
1 per
16% Jan
Bohn Aluminum & Brass..—
40
.
143/a
*403/4
.
.800
•.
230
40
36%
39
•
5674 Jan
$ per share
Bloomingdale Brothers—
Blumenthal & Co preferred
Boeing Airplane Co—L
—
*4874
143%
49
972
*38%
39
•
Year 1943
Lowest
Black & Decker Mfg Co—
No par
Blaw-Kriox Co.—
J—No par
Bliss & Laughlin Inc
l
5
4,000
1107a
31 -
303/4
363/4
33%
:
48
40
110
303/a
41%
21
36%
143%
3078
*40%
44
20%
303/4
*4874
41%
44
31%
,,'"*3872
14
*40%
31
3%
•
307a
36%
3%
50
*47%
307a
48
40 7a
1107a
307a
40%
40%
110
30%
,
15% Jan 20
1153/a Feb.
2
3774 Feb 24
——
-
■
18
537a Apr 21
333/4 Jan 28
.1
-j.
Bethlehtem Steel (Del)—./
7% preferred.^,
700<
-
4
No par
100
Blgelow-Sanf Carp Inc...——No par
11,000
_
*120
1207a
Jan
17
par
Pr pfd $2.50 div series '38_No par
Best & Co
;
No par
100-
177a
587a
603/a
Beneficial Indus Loan.—..No
1,000
-
$ per share
Par
" 400
.
*
353/a
43
*119
Range since lannary 1
Highest
Lowest
EXCHANGE
Shares
55
35
Range for Previous
NEW YORK STOCK
the Week
177a,
*54
3574
595/a
607a
1774
55
3574
1772
17%
59%
120
*54
Sales for
'
$ per share
17%
177a
3574
3574
173/4
59
119%
58%
*1191/8
May 8
$ per share
*17%' 17%
54%
54%
-
STOCKS-
Friday
May 5
Thursday
May 4
Wednesday
•
May 2
$ per share
17%
*53 7a
Tuesday
"
1871
3
5
5
3
Jan
6874
Oct
25
Dec
10974 July
28 3/8
July
114%
Oct
193/8 July
19
Sep
1974 Sep
173/4 Sep
1574 Jan
26%
Deo
15 ya
267a
Deo
Jan
Monday, May 8, 1944
FINANCIAL CHRONICLE
COMMERCIAL &
THE
1872
Range for Previous
STOCKS
Monday
Saturday
$ per
82
*79
88
88
17%
17%
18 Va
81S/8
18
79 Va
80
793/4
253/4
25%
25%
38%
*106 »/a 110%
40%
413/4
38%
*106 %
nova
103/8
10%
40%
41%
153/a
15 »/8
153/s
803/4
u
80%
%
10%
413/4
41
15
14%
%
*26%
.
23
*27
*106 3/4
106%
*106%
3%
3%
21%
21%
;
3%
i,
18%
18%
9%
*9%
9%
.
29%
29%
293/4 -'29%
29%
3,800
30
9,400
12%
4,600
i
12 3/4
13
20%
20%
700
20%
20%
20%
15
15
14%
143/4
1,100
14%
15 Va
16
15%
15%
15 5/s
1,600
47
47
:
15
16
48
*46%
•
8%
113/4
36 3/4
36
363/4
113/4
113/4
113/a
113/4
11 'A
44 y3
*11
353/4
44
441/2
443/8
11'/4
44
53/8
31%
253%
25%
8%
1,300
105%
Continental
44%
2,600
Continental
53/a
5%
9,400
Continental
311/a
31%
363/4
11
11 3/4
443/4
44%
5%
5%
31-/4
51%
36%
11-/4
31%
26%
*25
100
100
Cooper
13%
*13-/4
6,600
13%
133/a
*13-/8
13%
13%
*13%
131%
13%
*13%
*13
41%
*40%
*11-/4
113/a
11%
.111/4
11%
113/4
*11-/4
11%
IP/a
49%
493%
483/4
49%
263/4
*253%
26 %
11%
11%
11%
*483/4
48 3/4
49%
*483%
*48%
173/2
17%
173/4
173/4
17y4
173/2
17%
17%
473/4
47
473/4
473/4
471/4
47%
48
473/4
52%
523/4
52%
53
174
175
17%
173/4
17%
473/4
463/4
47%
720
53%
54
54%
4,900
53%
5%
*53/4
5%
53/a
53/8
*53/8
*53/8
5'%
5%
5%
*21/4
*21/4
*2-/4
23/4
23/8
23/4
2%
2%
21%
21%
213/2
22 3/a
21%
107'/2
1071/2
1073/2
1073/4
1071/4
1073%
21%
22-/4
173%
21
223/4
,
,
1073/2
♦107
107 »/a
*213/4
213%
21%
213/4
,
107%
22
18
18
18
18 3/a
30
30i/a
30
30 3/a
18%
183/4
*213/4
47
*15%
16
31
30%
16
16
983/4
983/2
99%
30%
303/4
31%
*761/4
773/4
"*75%
76%
761%
233%
233/4
23'/4
233/4
233/4
*23'A
133/a
133/8
133/a
133/8
*26V4
26%
101
*99
*104%
1063/4
*104%
5%
5%
116%
400
26%
2,400
53%
53/a
5
163/4
,
760
5
5%
24,000
16%
4,500
16%
114%
*111
22
21%
21%
7%
7%
7%
1,100
22
Jan
Va
Jan
3% May
7%
Jan
19% May
Sep
8
3
10 '/a Feb
9
2%
Feb
12
30% Apr
11
24 Vs
Nov
29%
3
15% Feb
24
9Va
Nov
21
3
22% Feb
23
17%
Nov
27 % Mar
12% Jan
4
29
16% Mar 10
17% Feb 21
4%
Jan
16
Aug
7
Jan
18%
Dec
48% Feb 21
2
104% Feb
33%
Jan
47%
Dec
89
Jan
23%
Mar 28
16
Jan
23%
Jun
10
Mar 10
x4%
Jan
11%
Jun
96
Jan
110%
Sep
26%
Jan
36%
Jun
Jan
.24
Jan
Jan
4
102% Jan
Feb
5
15
7,% Jan
27
45
20
38% Mar 16
10
32% Feb
Jan
15%
Jun
3
40%
Jan
49 Va
Sep
4ya
Jan
7'A May
25%
Jan
37% July
28 % Mar 13
18%
Jan
27% July
x9%
Jan
45
Jan
46
7
5% Jan
Oct
107
6% Mar 13
7
13 y4 Mar 16
18
10% Apr
42 y4 Feb
Oct
Va Mar
•'
9
Feb
109
5
105% May
3
24% Apr
14
19
33% Jan 22
12% Apr
24
15% Mar 15
29% Apr
Mar 15
43
38% Feb
29
10% Jan
4
11
44% Jan
10
48% Apr
13
52 '/a Apr
28
58% Mar 14
18% Feb
20
Jan
47
Apr
,
61 Va May
Dec
Sep
186%
29
27/a
Jan
6
22
U
Jan
2% May
5
May
14%
Jan
22% July
Mar 14
95
Jan
108% Aug
Apr
109
24
3
Jan
Jan
173
22
16%
Jan
23% Mar
Jan
23 Va July
22% May
7
104% Jan
20
Aug
17% Aug
Feb
3'/b Jan
6
1% Jan
Apr
53
,
6Va Jan
3
Jan
5
183
29
173% Apr
15
53%
4
19% Jan
Dec
37
Jan
3
15% Jan
Jan
13 %
13% Mar 20
50
Mar 20
47
6
9
16% Jan
3
21% Mar 16
1
3
34% Mar 22
18%
Jan
31
Oct
47'/a Jan 27
...
377/8
Jan
47
Oct
11%
Jan
17
9
17% Mar 20
Mar 14
81%
Jan
99% Aug
33% Mar 16
27%
Dec
38
Nov
82% July
Jan
15% Feb
5
100
28
Jan
20
4
69
Jan
4
80% Mar
20% Jan
3
28% Mar 10
9%
Jan
8
7%
Jan
97 Va Jan
11% Feb
10
100
106
100
Jan
101
5
A
No
Jun
Oct
25%
10%
Jan
18
Jan
11
Jan
6
12
12
1%
Jan
30 Va
Jan
17
Jan
7
5%
Dec
9 % Apr
17% Mar 23
14%
Nov
24% Mar
3
96
Feb
119% Nov
4
15%
Jan
26% Jun
3%
Jan
Jan
118
47% Jan
6% Jan
Jan
117
3
21% Apr
24% Mar
28
6% Jan
par
14%
100
25
Jan
115
"pfd——100
22% Aug
115%, Dec
106% Jun
6% Jan
25
25
Apr 24
Apr 25
Apr
41
July
4
24% Mar
5% Apr
97
92% Mar
Oct
'
106% Feb
4
4
15% Apr
7%
May
18
22% Jan
Inc
116
Feb
105
3
2
Apr
29% Mar 15
22% Jan
30
117
*66
9
13% Mar
10
Jan 25
Feb' 4
112
Curtiss-Wrlght
Class
July
105
91 %
4
21% May
13
Apr
24% July
4
May
5
5
Sep
6%
106% Mar 21
———100
preferred—No par
(The)—.
No par
$7 preferred
—.
—No par
Prior preferred-
Cutler-Hammer
109
15
—
5
Jan
Jan
Inc—
Cushraan's Sons Inc
1143/4
*111
21%
21%
21%
21%
22
43%
16%
16%
163/2
1143/4
*111
43
5%
5%
53/a
5
161/4
,
163/4
1143/4
*111
42 3/a
42
42%
413/4
42 3/a
*41%
240
103
103
102
100
90
Jai» 11'
107
Dec
Curtis Pub Co
6,300
53/4
Jun
24% Nov
3%
4-/2%
100
106
5%
5i%
Jun
25
Jan
15%
No
Press
11
Jan
45
.Zelierbach Corp_
Cuneo
Jan
10%
12
27% Feb
Cudahy Packing Co
500
24
24
*104%
106 r
5%
100
*99
101
*99
v
24.J,i
"
106
1063/4
5%
53/4
22
24
24
24
*23
26%
2%
17%
29% Apr
4
par
preferred
5-/2 % conv preferred-.
26
116-/4
26%
27
Mar 11
24%
par
7%
*116
150
*116
26%
i
1143/4
•111
22
21%
*119
1161/4
163/4
16%
163/4
1143/4
150
10
11% Apr
18% Jan
Cuban-American Sugar-
r
July
5
15
6,200
150
27
t
27
liy4Jan
133/4
*119
26
42 3/a
5%
5 3/4
5%
15%
*111
133/2
Jan
10
7% Jan
200
1,600
Dec
21 Va
lVa May
26% Apr
3
16% Jan
1,000
30%
82
Jan
■+
23%
•
Jan
102% Jan
76 3/4
13%
*116
101
*41%
4134
413/4
13%
13%
*119
53%
*100
23%
133/a
26
1063/4
53/8
53%
53%
23
116
251%
24
24
*104%
233/4
231/2
23
Jan
No par
$5 conv
530
Jan
39a
36%
7
Mar
16
Jan
par
preferred
No par
Crucible Steel of Amer,
———100
5ft preferred
100
Cuba RR 6% preferred-
301/4
763/4
150
263%
24
303/4
773/4
116
115%
26 3%
107%
303/8
*76-/4
,
*119
150
115%
1,700
99
763/a
Crown
9%
3
87% Mar 11
% Jan
2% Jan
Sep
Jun
July
No
No
$2.25 preferred—
i'd-/a
303/4
*104s/a
47%
983/4
98>/2
*119
*463/4
161/4
763%
116
47%
99%
Wheat Corp (The)
16
•
4
25
100
2
Crosley Corp (The)
Crown Cork & Seal
1,400
2,100
16-/4
30%
13%
18%
30%
-
preferred
conv
Cream of
18-/a
16-/4
99
150
700
*981/4
303/4
13 y4
22-/4
16%
983/4
*1153/8
1073/8
221/4
5ft
44 Va
23
1
1
Co
Crane
301/4
*46
,*753/4
*119
*107'/4
670
18%
30%
47
161/8
16%
16
1.
99
99
*29%
2,000
11,800
31-/4
*18
183/2
311/4
*453/4
47
*453/4
■>
•
181/2
*301/4
30 %
*
2-/4
22%
'
47
*453/4
*45 y4
22
22
22
22
'
2-/4
213/4
*
23/s
22
Jan
17
—100
Coty Inc
Coty Internat Corp
2,400
5%
5
29%
23
Bessemer
Preferred
380
175
*173%
175
*173
*2y4
173%
1,300
173/4
1743/a
*173
260
50
50
47
53%
521/2
523/4
173%
523/4
175
49
1,006
11
3% Feb
No par
Corp
No par
$3 prior preferred
—No par
Copperweld Steel Co
_5
Conv pref 5%
series—
50
Cornell-Dubilier Electric Corp
1
Corn Exch Bank Trust Co
20
Corn Products Refining
25'
41%
*403%
*40%
41%
41%
*403%
41%
42
*40 3/8
*40%
*25%
Insurance
Motors
Continental Oil of Del
Continental Steel Corp
■
26-/4
*25
26
Fibre
Continental Diamond
107%
19
Apr
21 % Feb
20
—5
$2.50
1
5
Can Inc
4,300
1,400
"36%
Jan
23
104% Jan
Jun
Jan
27
20% Jan
41
44
Jan
25%
3
8% Feb
Oct
July
July
30%
1
21 % Jan
100
preferred
8%
19 %
104%
18
Jan
24% Jan
No par
Corp
5
Consol Edison of N Y
No par
$5 preferred
No par
Consol Film Industries1
$2 partlc preferred—
No par
Consol Laundries Corp
_5
Consolidated Natural Gas
.—15
Consolidated Vultee Aircraft
_1
$1.25 conv pfd—
No par
Consol RR of Cuba 6% pfd
100
Consolidation Coal Co__L
—25
$2.50 preferred
L50
Consumers Pow $4.50 pfd—No par
Container Corp of America
20
Continental Baking Co
No par
200
443/4
313/4
*25
8 3/a
105-/8
106
11%
44%
31%
5%
31
;
31
5,500
36-/4
•
53/a
53%
53/8
30%
23%
23
8%
8%
*104%
36
1043/4
23%
105 %
*105%
200
690
104%
1043/4
8%
108
*1053/4
15%
47
X22 3/2
23
22%
108
15%
47
104%
104%
105 Vt
8%
8%
153/4
48
*46-/a
47
104
23
23
x
13%
13
*20%
104%
104
8%
5%
'•11,900
93/4
9 3/4
,
15
23 Va
31
;'-r20%- ,20%
.
93/4
14%
*8%
443%
.21%
13 Va
35
53/8
"
93/4
20%
104%
35%
30%
43/4
20,100
13
16V4
*35
433/4
2,300
4%
20%
22%
108
*105%
20%
./
2P/4
1043/4
12%
1043%
83/4
9%
29%
*46'/a
23
4%
20%
..
14,400
21%
104%
'I
5
4%
4 %
20 Va
4%
29%
16
104'%
1043/4
9%
*143/4
8 3/4
21%
104%
13'A
14%
23
3%
x21%
Jan
9
45% Jan
h Feb
.
Consol Coppermines
20%
*14%
104
3%
22 Va
104%
3%
98% July
10
15
14 % Apr
No par
100
Jan
41% Mar 18
11
79
Consolidated Cigar
6%%
prior preferred
9,400
79%
106% Jan
Feb
40% Feb
600
33/4
-
Sep
73
19% Mar 16
44
3
..No pur
107-/4
*106%
,
3-/2'
21%
20%
20
3%
24
25
105
Congoleum-Nalrn Inc—
27
27
...'
26%
16% Apr
par
par
par
par
Jun
77%
90% Mar 25
33 Va Jan
37% Jan
1,200
23-4- ,23%
SV' 'ft
107-/4
600
11
14
25
Commonwealth Edison Co
Conde Nast Pub Inc
7,700
26%
*10%
104%
3%
22
104%
82%
26
•
26%
107'A
il
82
*1063/4
27
27
*106%
9%
*20%
48
23%
23%
27
15-A
%
7
Feb
9
Mar
80
Feb
84
10
100
.
5%
Jan
Jan
1%
.
85% Mar 14
3
70
No par
No par
No par
No
No
Commonwealth & Southern—No
$6 preferred series
No
3,900
7,100,
13,900
4,900
42
15
23%
23
4,000
41%
11-/8
*23-/4
1,900
110%
*106%
26%
*103/4
9%
13
13%
20 3/4
*46
26
11
29%
13
153/4
26 Va
11
9%
*20%
15%
26
4%
'
f.
19%
29
29%
29%
-
383/4
81-/4
106%
104%
.
39
38%
-1061/2 110%
411/4
413/4
14%
15%
38%
81'/4
21%
1043/4 104%
4%
4. /
104"%
3%'
*18'/a
1043/4
" '
44
39%
10%
*106%
3%
215/a
17%
*43-/2
803/4
*3%
3%
17%
44
u
27
21%
18
U
81%
23
27%
106 %
88
*86
88
[
%
10%
300
Jan
40 Va
37
6'
5% Mar
25
Jan
Highest
$ per share
$ per share
$ per share
share
Apr
76
100
100
6%
20
'
26'A
%
23%
23 %
21%
*22%
15%
-
74%
73
*43%
108'/a
26 Va
110 Va
41»/4
*14%
81
73
173/4
45 3/a
38%
80 3/4
4
No par
Elec
preferred series A
5% preferred—
Columbian Carbon Co
Columbia Pictures
$2.75 preferred
Commercial Credit—
4-/4% conv preferred
Comm'l Invest Trust
Commercial Solvents
Columbia Gas &
18,400
1,300
*86'/a
18
44
26
%
%
*1061/2
*106%
88
173/4
*43'/a
39'/a
110 >/a
41 '/a
15%~
U
80 3/4
39
74
88
88'/a
81
81
$ per
Par
Shares
4-/4
4%
4-A
*73
74
76
«.
Lowest
Highest
Lowest
EXCHANGE
Year 1943
1
Range since January
STOCK
NEW YORK
for
the Week
$ per share
share
4%
*433%
44
*43'%
38%
38%
.
813/4
*88
88 %
17 %
1
43/4
*173/4
76%
*75%
76 %
*87%
44
41/8
*75
*74
*43%,
$ per
43/8
823%
81%
81
*79
$ per
share
share
4>A
43%
4%
4'A
4Va
May 5
May 4
$ per
share
$ per
share
Sales
Friday
Thursday
May 3
May 2
May 1
April 29
SALE PRICES
Wednesday
LOW AND HIGH
Tuesday
4
Jun
26%
.Oct
107
7% May
116
'.
Dec
Sep
45%
'
7% Mar 20
'
73/2
*73/4
7%
71/2
*19%
25
•193/a
*13%
14
v
1121/4
24%
113
112%
*24
25
*243/4
38
38
38
38 3/a
33%
34
33%
181/4
181/4
27%
273%
33%
183/4
28 3/a
7%
191%
*112%
*18
271%
...
7%
7%
73/4
19%
19%
191/4
57
33%
*55
*333/8
391/8
14%
331/4
333/4
96
96
■
48
•
*107%
27%
28-/8
27%
7%
7%
7%
7%
73/4
*33%
30
29%
39%
*14%
*16
161%
*16
16%
45
45
*44%
44%
37 i/a
*36-/8
37-/a
373/4
373/4
22%
22-/a
14%
22%
22%
*96%
97%
1,400
500
31%
313/4
31%
31%
2,100
91/4
9%
9-/2
2,000
Dunhlll
9-/8
9
9
*11%
123/4
*1.18 3/4
83/4
93/4
*83/4
123/4
*113/4
123/4
*113/4
*11834
120
*1183/4
120
'
34%
142'/a
1433/4
1423/4
1253/4
*124%
1253/4
125'
125
300
*124%
118-/2
1183/4
118 3/2
118%
118 -/a
118%
380
11%
llVa
11%
142 3/4
34%
'
34%
40
40
40%
2,900
10%
10%
10%
2,400
Electric
4V4
4V4
4%
2,700
Elec
4Va
4Va
4%
4%
4%
2,200
Electric Power &
3,900
$7 preferred
1,700
$6
•
4-Va
84
.
4%
87%
87%
88%
83%
88
81%
4%
87%
4%
86
4% *
*4-
4 Va
81%
84
84%
84%
39%
39%
40 Va
30%
*30
61%
*61
39%
*39%
39%
39%
30
*30
30 Va
*30%
61 Va
60 %
•:
61%
107
106
106
107
107
17%
12%
30%
62 Va
12%
84%
85'A
40
40.
30 Va
30%.
12%
12%
12%
97
96%
97
96%
97
96%
96%
96%
97
98%
98 Va
98%
98%
99
98%
For
101%
-
-
101JA
hi
i2
footnotes see
page
1879.
101%
101% 102
ft
ft
*tt
102
*
ft.
*101%
a
"30%'
.
800
1,500
62%
*61
106%
107
12%
•
60%
30%
.
90
40%
12%
*98%
88%
300
83%
12%
98%
17
40
60%
2,800
44%
17
83%
12 Va
*98%
43%
88%
88
107
107
43%
17%
43%
*17
300
106%
130
12%
12 Va
12'A
20,800
96%
96%
96%
670
99%
98%
A
1,330
99
102%
102
102
JI
430
a
4,800
26
19
11% Feb 11
8% Apr
116% Mar 28
7
11
117% Mar 20
10% Feb 28
33
Apr
&
Boat
Mus Ind
preferred
Electric
El
Storage
—!
-
Am shares
—No par
No par
No par
Battery
No par
Light
,_3
50
100
Paso Natural Gas
Endlcott Johnson Corp
4ft
4
2
5
3
preferred
Engineers Public
$5 preferred
$5% preferred
$6 preferred
tEquitable Office
,
Service—
Bldg
1
No par
-No par
No par
No par
6% Jan
25
Jan
Jan
Jan
10
Jan
38%
Feb
45
July
5
25% Jan 17
22%
Feb
34
Dec
15%
Jan
25%
44
Nov
73% May
41 % Apr
57 y4 Feb
13 % Mar 17
107% Dec
Jan
35% Jun
5%
Jan
10%
Dec
9
Jan
13%
Apr
Oct
Jan
159 Vi July
128% Mar 24
124
Dec
130
115%
Dec
121%
Sep
11%
Dec
120% Jan
20
12
Jan
20
39
Feb
28
9% Mar 16
31
7
Mar 17
Mar 16
Mar 8
Jan 22
Mar 15
Mar 6
Mar -3
Mar 4
167 Vs Mar
183
41%
4%
5%
99%
Jan
43 Ve Feb
28
7
31% Mar 23
57% Jan
25
63% Mar 13
101% Jan
19
3
87
Jan
3
89
Jan
3
92% Jan 10
% Apr 25
Dec
16
Jun
5
Apr
27% Feb
8% Jan
Xl06%
134
94%
39% Apr 28
Sep
May
153
115
Apr 24
78
Apr
Oct
Dec
16 V4 July
148% Mar 13
117
11%
4
122% Nov
35%
100
122%
18
4
18
81% Apr 25
Apr
3% Jan
2
12% Feb
18%
10
Nov
May
8%
1
4
16% May
37% Jan
17
83%
3
Jan
42 Va
21%
Jan
44%
41
Jan
t
25
16% Feb 24
45
Apr 27
15% Apr
6
35% Mar 27
100
34% Mar 13
124% Jan
33% Mar
37
7
Feb
35% July
Jan
8
21
137
Jan
31
28% Jan
20
Apr
48%
17%
Feb
25
131
Jan
5
109% Mar 31
100
4Ve
43%
30
11
29
Apr
Mar
40
26
41
3
7
10%
180%
3
32% Jan
24
39%
180%
36 Vs Mar 23
Jan
4%
10%
181
56% Mar
Feb
Eastern
22% July
5
157
10%
39
10%
182
181
800
Jan
3
175
40
38%
43%
*17
161
16%
Feb
_5
*4%
17%
161
„
10% May
Mar 23
20
No par
10%
43%
159%
9% Mar 22
Jan
106% Jan
■
Dec
Jan
3%
3
114% Apr
17%
8%
31% Mar 27
12
Rolling
39%
43'A
*16%
400
7%
7%
159%
7%
Jan
x20
.
Eastman Kodak
10%
182
182
7%
*7%
159
20 % May
47% Apr
1
Airlines Ino
39'A
*180%
*7%
159
16%
85%
Eastern
12
3
4
21% Mar 28
—10
Eagle-Picher Lead Co
1,500
36
35
34%
2,400
11%
Mar 10
Jan
17
33 y4 Jan
No par
-1
Duplan Corp—.
No par
8% preferred
100
Du P de Nemours (E I)' & Co
20
$4.50 preferred
No par
Duquesne Light 5ft 1st pfd
100
10%
7%
159
43%
81%
34%
35
11%
11%
36% July
14
15y4Jan
3
43% Jan
5
No par
Mills
Co
6ft cum preferred
Eaton Manufacturing Co
Edison Bros Stores Inc
Electric Auto-Lite (The)
7%
159
16%
4%
35
11%
.
Jan
18
29
13% Jan
International
39
.
182
4
4,700
1433/a
1433/a
124 %
1183/4
*11%
158%
*180%
7 143
143
100
123/4
120
118%
7%
158
*1183%
124%
<
>■
1253/4
•
*113/4
123/4
120
26
95
Dresser Mfg Co_
31%
32%
31%
31%
311/4
Sep
July
13
x273/4 Feb
No par
A
24%
43
41% Mar 22
29% May 3
38% Mar 31
No par
$4 preferred series
Jun
Jan
35
Apr
29% Jan
No par
__No par
No par
-No par
Douglas Aircraft—
Dow Chemical Co
108 3/s
43'A
102
2,400
Mines Ltd
119%
43%
—
Dome
108%
17%
ft
3,400
119%
85%
*•
22 3/a
"'48-/4
*7%
-
38%
22
483/4
34%
*101
38
22%
108-A
7%
*
A_
1193/4
11%
60%
Co
Cup
Class
Doehler Die Casting Co
48%
34%
107
Dixie
600
1083/4
*7%
60 'A
150
119%
*34%
107
100
483/4
.*11
30
44%
108%
•
*39>A
16%
44%
*16
108%
18
52
100
preferred—
1193/4
48%
118
'
4%
5ft
*1071/2
11%
4%
200
481/4
llVa
4%
96%
Corp-Seagr's Ltd.
108%
1183/4
*4'/a
Distil
116
■v
10
18% Jan
2
No par
Diamond T Motor Car Co
9,700
118 3/8
*118-/2
.
1,000
34%
96-/4
97%
15
34
48-/4
1183/4
,
14%
«
Jan
12-
26% Mar 13
5% Jan
25
preferred
117%
*118%
10%
partlc
6ft
Jun
17% Jan
No par
Diamond Match
108 3/8
483/4
143
38%
400
108 3/a
1421/4
10%
2,000
39%
19
;
,32% Apr
1
100
Delaware Lack & Western
50
Detroit Edison
20
Detroit Hillsdale & S W RR Co„100
Devoe & Reynolds A—
No par
1193%
120
38%
30
*393/8
•
Mar
Jan
Jan
36%
,
Delaware & Hudson
38%
*38
'22-/2
22%
190
Preferred
Deisel-Wemmer-Gilbert
19
12
17% Jan
No par
20
10
Co
&
48%
*124%
,
34-/4
*96
122
,
14%
33%
161%
124%
43%
393/4
34
30
30-/4
34
57
34
333/4
..._39-/4
45
1421%
*17
7,600
97%
124%
*180%
19%
*55%
*44%
*118%
182
193/a
19%
*16
83/4
.
10,000
16,800
*963/4
*113/4
157%
8%
30
;
'
142%
157%
28%
7%
57
*33%
'33%
29%
.*391/4
33%
30
273/4
: 7%
*55
57
*55
28%
19%
193/4
19%
19 S/8
57
33%
12
*118%
28 3/a
33%
31
83/4
83/4
12
300
*18
153/4
*107%
30%
1,400
18%
273/4
333%
118
108-/2
30%
33%
*18
181/2
333/4
47%
120
*33-/4
18%
34
181/4
*14-/4
22%
48
34
38%
333%
34-/4
373/s
22-/4,
33%
38%
18-/2
14%
*443/2
,
39%
Deere
*143/4
X153/4
*115
38%
9,200
39%
*95%
16%
45
,
1,700
39%
45
323/4
223/4
25
Jan
113% Apr
5
21% Jan
1
17
15 Ve Mar 10
13% Apr 18
xlll% Feb 17
100
pfd
Oct
7%
14
Jan
20
19% Mar 17
1
(The)
Chemical Corp
38%
33 %
193/a
Davison
25
25
*39
*141%
*373/8
70
98
393/4
143%
45
37%
800
112%
15
♦381/a
„
,14%
*112*
301/2
39»A
303/4
*16
ri 14%
.'_
25
25
38 3/a
*55
preferred—;-
Dayton Pow & Lt 4% ft
Decca Records Inc
*181/4
34
301/2
*301/4
„
*193%
14
/ *112
383/4
•
25
"14
14%
0
_25
Davega Stores Corp
-V 5 ft
25
' 112%
*19%
;
25.
112
*33%
.
57..
34
*54
"
25
25
25
*7
111%
113
*1123/8
V
*l9,%
'•*•13%
14-/4
*13%
14
'
25
*19%
25
133/4
73/4
73/4
.
400
7%
y *7
107
Apr
17
3
28
99% Mar 18
102% May 5
% Jan 12
13% Mar
98% Feb
9% Nov
Aug
Jan
44% July
3%
Jan
8% May
146 Va
31%
Jan
170
May
X173
Sep
184
Jun
35
Jan
45% July
11%
Feb
19
30 Va
Jan
39 Va July
8%
Nov
14
1%
Jan
Sep
Mar
5% May
6% May
1% Jan
Nov
31%
Jan
92
28%
Jan
88% Nov
33%
Jan
23 %
Jan
-
42%
x32
Sep
Sep
49 Va
Jan
58% July
101%
Deo
103% Deo
2% Jan
9%
Sep
Sep
54
Jan
92
57%
Jan
92%
Sep
62 Va
Jan
96
Dec
%
Jan
1V4 Mar
*
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
-
LOW
Saturday
$
Tuesday
May 1
May 2
$ per share
$ per share
11%
11%
11%
11%
11
11%
11%
11
11%
10%
11%
56%
56%
56%
57
56%
56%
*56%
85%
*80%
85
*80%
85%
*80%
$ per
85%
11%
the Week
$ per share
share
11%
57
*80%
11%
Sales for
May 5
May 4
11%
11%
STOCKS
Friday
Thursday
Wednesday
May 3
$ per share
per share
11%
HIGH SALE PRICES
AND
Monday
April 2.9
1873
11%
11%
NEW
YORK
Range for Previous
STOCK
Range since January 1
Highest
EXCHANGE
Shares
11%
Par
2,000
11
11%
11%
11%
7,300
56%
56%
56%
56%
1,500
*80%
85 %
*80y4
Erie
1
RR
No
benef lnt__
par
1,006
59% Apr
11
39 Va
50
78% Feb
15
68 '/a
78'% Feb
15
5
6% Apr
19
5
18
3
97/a Apr
21% Jan
2.50
27/«Jan
25
7%
7%
7%
7%
*7%
7%
10%
10%
10%
10%
10%
29%
29%
29%
30%
30
30%
30%
31
■
35%
*3%
3%
3%
3%
3%
3%
3%
3%
*37%
37%
37%
37%
38
38%
38%
38%
2,800
*22
21%
21%
22
22 %
*21%
22%
2,500
Falardo Sug Co of Pr Rico
11%
11%
11%
11%
11%
11%
3,400
Farnsworth Televis'n & Rad Corp_l
Federal Light & Traction
15
*3%
37%
38
37%.
37%
22%
22%
22%
21%
22
11%
11%
11%
11%
11%
11%
/16%
16%
*100
*15%
100%
16%
20
♦19%
*17%
18
17%
,
16%
•100 %
19%
.
*15%
100%
100%
*19%
19%
6%
101
'
•101
18%
107/a
700
31
30%
307/a
6,500
3%
3%
400
,
3%
7
'
15%
15%
15%
100%
100%
*100%
101%
20
*19%
20%
*19%
2oy4
y *17%
18%
18%
18%
16%
-
19%
,
6%
10%
101
•"*15%
-
19%
*1-7%'
17%
1
7%
10%
18%
*17%
^
15%
Eureka
Evans
Vacuum
Cleaner
Products
Co_
Ex-Cell-O
Corp
Exchange Buffet Corp
Fairbanks Morse & Co
500
440
$6 preferred
No
6%
6%
6%
23%
23%
*23%
23%
23%
23%
23%
23%
25
25
97
97
97 %
97%
97%
97
97
97
97
97%
18%
97%
19 i
1,200
Ferro
48%
49%
1,600
Fidel Phen Fire Ins N Y
7,300
Firestone Tire & Rubber—;
6%
7
6%
67/a
67/a
"
*18%
18%
18%
18%
48%
48%
48%
49
18%;
18%
18%
•49
18%:
49
•
49
■i8%:
•18%
49%
49%
-
'
42%
42%
105
*37%
105
20%
42%
105%
105%
37%
37%
37%
37%
37
38
37%
20%
19%
20%
18%
187/a
18%
19%
107%
107%
*107%
107%
107%
1%
1%
111
*107%
*107%
111
36%
27%
1%
*36%
37
*36%
36%
36%
36%
37
27%
*26%
27%
27%
27%
28
■
'
77,200
28
6%
6%
'
6%
6%
*6%
6%
6%
6%
6%
49
49%
49%
48%
48%
48%
48%
48%
49
11%
11%
11%
11%
11%
12
12
12
12
3,600
56%
*55%
56%
56%
56%
56%
56%
21%
21%
213/a
21%
21 %
21%,
21%
217/a
57
*55%
*55
20%
20%
20%
21%
*21%
21%
*21%
21%
14%
*14%
14%
*81
91
.31%
31%
31%
31%
31%
"31%
32
108 A
•108ft
*108
105%
105%
3%
88
31%
105%
3%
3%
', 3 %
3%
14%
3%
3%
14%
32
105%
105
ft
*
3%
*3%
3%
>3%
32%
ft
3%
3%
33
*108
105
3%
•
3%
3%
31%
108 85
690
105
4 '/a %
29
29%
29
*16%
17%
5
14%
11%
42%
14
107%
42%
7%
3%
3%
400
*3%
7 3%
3,500
147/a
500
29%
29%
1,250
*16%
3%
17%
200
■'"•.
*8%
•:
*16%
17 %
5%
5%
14%
14%
*14%
14%
53%
54
*53
54
*11%
11%
106'/a
106%
42%
42%
42%
*7%
42%
8
8
7 7/a
147
147 :
*145%
Gabriel Co
Galr
9%
*8%
4%
*4%
12%
.
88
v
*12%
13%
*12%
89%
25%
25%
88%
25%
89
*25%
148%
25%
*147
113%
'
■
'
2%
♦113 '
2%
120
*114%
'
7%
*120
125
20%
115
10%
10%
*87%
18%
45%
■.
.
44%
34%
v
*55
11%
*11%,
*3%
33/4
13 Va
13%
*51 >4
*11%
:
•;,
3%
*138
:
13%
51%
51
,
•.
,11%
44 Va
44%
l3/a
46
'
100
,51%.
4'% Jan
4% Mar 11
4
3
5% Mar 13
1
Mar
10'/a Feb
11
13
Mar 22
106
Jan
4
143
Feb
.46
100
500
44%
44%
109%
11%
4
J109'/j
:
45
-
10,700
109%
200
1,700
11%
•11%
*107j/4
109 Vo
1%
'*107% 109%
1%
1%
3,100
1%
1%
rf
343/a
34
*4
25
♦24%
14%
15
14%
32
32%
26%
4%
,
1,700
Grant (W T)
25
♦24%
25
100
14%
15
2,200
14%
*150%
32%
v
26 3/4
26%
152
*150%
34%
44%
5%
20%
11%
*11%
11%
44%
44%
:
44%.
113%
Jan
119%
1%
Aug
120% Jan
93
5
July
Jan
107%
li
128%
Nqv
137
Sep
July
593/4 Mar 13
44 Vb
Jan
56
July
11
125%
Nov
130
Feb
26
13%
Jan
.No
3
8
12
109
6% Jan'
.
107
Jan
1% Apr 25
20'/» Jan 10
par
.100:
112
Apr
100 "
5
Co
Feb
.
5
4
115
May
Jan
Jan
a*
5
23% Mar 13
11
Yz
103%
Mar 16
l3/4 Jan
12%
*104-
2
2'/» Mar 21
Jan
Jan
Mar
131% May
39
6
1
Nov
Vb July
24'/a May
8'/4 Jun
112
Nov
2% May
25% May
115
Aug
1% Jun
%
Jan
12
31 Va
Jan
23% Mar 20
15%
Jan
Sep
2334 Mar
9%
Jan
15%
60
Jan
91
16%
Jan
15%
Jan
83
Apr
.17% Mar
88 '/a Jan
8
22
20/
25% Mar 16
19
.» Jan
6
110
Jan
14
19% Feb
20
No par i
Corp—:
Dec
83%
18% Apr
.10c
Sep
Dec
120%
21
131% Apr
1253/4 Jan 28
—
July
3
Jan
Corp—No par
—1
i
No par
8
23
Apr
8
113% Apr 22
23% Mar 16.'
Feb
17
103
108
Jan
143/4
Jan
43/4
Jan
60%
59
Dec
JUIy
24% Jun
233/a May
113
1
Dec
253/a. Jun
Mar 31
-100
99
No par
No par
3
11% Mar 22
9
% May
69
Jan
6
83
Apr
Jan
74
May
No par
11% Jan
19
14
Mar 22
5
Jan
14%
Sep
Jan
7
94
Mar 25
59
Jan
85%
Oct
18% Jan
4
203/4 Mar 16
14 3A
Jan
223/a July
48% Mar 28
41
Jan
48
7% Jan
X83
—No par
No
par
45
Apr
26
1
50
1
j
Jan
3
234 Jan
17
2'/a Mar 27
4 Vb May
4
100
85% Jan
3
40
Feb
7
par
98
Jan
34
par
36% Feb
8
45
par
104% Jan
3
110
Feb
Jan
1% May
Jan
73%
18
Sep
33/a May
97% Aug
24%
48% Mar 22104
Jun
•ft
13/4
4
Jan
45%
Sep
83
Jan
Mar 21
25 Va
Jan
41% July
10
90%
Jan
108 Va July
4'A
Jan
93/a
Apr
Jan
101a/4
Dec
Feb
Apr
17
13% Mar 18
102
Oct
par
8% Jan
3
100% Jan
25
1
5
1 % Jan"
3
3% Jan
20
43/a Jan
5
—No par
11%
3%
138
11%
*3%
~
139
<
-
13%4
52%
-
13%.
11%
15% Feb
28
17% Jan
19
-No par
10
20
9% Feb
8
12% Apr
5
7%
Jan
32% Jan
3
29%
Feb
37
Sep
24
Dec
26
July
13%
Dec
18
Apr
13%
■
■.
-■
52
44%
3%
142
13%
52
•
12%
3%
140
44
44%
12
■
3%
Green Bay
46%
4
44
.15
-55
108 % Apr
10
f
80
44%
Gulf
257/a Jan
3
34% Apr
3
29
153
—10
1
—-No par
100
preferred—
Oil
15% Jan 31
15
100
-No
orpferred—
6,000
3
24% Jan
Gulf Mobile St Ohio RR-—-No par
3,500
13
14% Jan
24
143 % Feb
& West RR
Guantanamo Sugar
8%
Jan
36% Apr
5
25% Mar 15
100
preferred-Grumman Aircraft Corp—
1
•
par
25
Corp—
Jan
l3/4 Mar 15
No par
5%%
18,700
•
pfd—No par
—
(H L) Co Inc
1
Greyhound Corp (The)—.—No par
2,900
220
Iron Ore Prop—No par
Green
600
.2,000
1
;
Co
Western Sugar—
Preferred
60
46%
141-
51%
-
'
*
Steel
Great Northern Ry 6%
900
*55
w
Nor
Great
7,100
ll'/a
v' 52
44 Va
3
3
110
4
513/4 Feb
Jan
Jan
Jan
Jan
preferred
Great
320
ll'/a
■
Mar 18
Granby Consol M S & P—i
4,500
ll'/a
,
4
128
34
6
Nov
39% July
3
Jan,
Grand Union Co—
19,200
26%
152
20%
52
43 Va Jan
May
32 Va May
117
11
Graham-Paige Motors
1,900
20%
.
27
5
98 y4
148
100
34
20%
,51%
.
Apr
373/4 Jan
Apr 17
2% Feb 10
Jan
No
No
$5 convertible preferred—-No
Gotham Hosiery
:
No
33%
20%.
13%
24
Jan
—
Granite City
20
■:
Jan
Feb
150
2%
preferred.
$5
200
20 Vb
13%
303/4
35
115
preferred
Goodyear Tire & Rubb
>
2,000
19%
13%.
.
Jan
102
(Adolf)—
4
60
3%
Jan
22% Jan
11%
46
138
20'/a
130%
16
112
Telephone. Corp—
16
46
7 ll'/a
Jan
18
Mar 23
19
Feb
par
preferred^—
4
;
*55
,
71%
28% Feb
25 V4 Apr
140
19
11%
.'
60
.
18% May
77% Apr
16
•
16
32%
26%
152
4
4R3/V
3%
8 y4 May
Jan
par
Preferred
•55
138
Jan
7s/a
4
34
-
*24%
11
2%
8
6
25
conv
Jun
Mar 17
973/4 Mar
17%
Rubber
Jun
9'/4
'
*46
138
.
■
Jan
153/4 Mar 16
Brewing Co——
1
Gold & Stock Telegraph Co
100
Goodrich Co (B F)
-No par
9,600
4%
Aug
4
tGoebel
100
47%
2
Jun
9'/4
151
4
19% Apr
4% %
Jan
Mar
3
.14% Jan
Gobel
53/4
134
14
8
$6 preferred-.
Glidden Co (The)
1,200
11
Apr
4% Jan
No par
&
Dec
51
10% Mar
3
Tire
Apr
Aug
813/4 Jan
x40 %
4% %
16,800
Jan
148
12
500
1
1%
4
37
Apr
107
7% May 3
21% Mar 16
3,500
46
Jan
46% Mar
19%
1%
14
3
100
4
'
11%
3
91%
19%-
Jan
63/b
143/4
53 Va
11% Jan
1% Jan
General
4
~6% Jun
Jan
Jun
J51
v
par
51% Jan
>6%
Oct
30% July
102
8»/2Jan
3
1
Gen Time Instru
May
14%
473/4 Mar 13
8
63/4 Jan
Jan
9%
2
107% Jan
41% Apr 28
7% Jan 24
par
3
14% Mar 17
54
4% Jan
Gimbel Brothers—
60
,
Jan
363/4 Jan
4,000
102%
34
.
19%
Jun
4 Vb
•
Mar 17
par
4,800
10%
46%
34
.
2
Aug
43/8
Jan
Jan
30% May
18
110
Jan
1%
9 Vb
3
No par
•;
83
13%
11%
•
2%
7
22
var
13%
10%
" '
100
11%
26%
Mar
No
preferred ——
Gillette Safety Razor—
$5 conv preferred-
*108%
11%
110
Jan
.Nn
preferred
General
80
102%
*15%
32
101%
44%
-
■
1,800
46%.
4 VB
*150%
21%
11%
109%
96%
20
Jan
100
—10
No par
General Refractories
700
102%
11%
26%
>
2iy4
r
15%
32%
24%
500
30
;■
4%
•
;>
*102%
•
Jan
15'A Jan
•
100
46%
78
900
2,000
1%
11%
151
3%,
13%,
3
General Shoe Corp
*
L—-1
Gen Steel Cast $6 preferred—No par
;
1,400
♦100%
4%
46%'
77%.
v-
23%
19%
1%
100
Jan
13% Feb
No par
Railway Signal.
6 % preferred
Gen Realty & Utilities
$6 pref opt div series
500
15%
*90
3%
$6
1,300
114%
91
153%
,11%, 11%:
3%
'
44%
*107%
1%
*45
1%
81%
♦80%
1%
102%
17
51
No
preferred
Gen Precision Equip
General Printing Ink
10
„
*112
10%
*89%
.
'
46%
11
1
7
No
Gen
45 %■
.ll'/a
140
11%
.
15 Va
*55
19%.
10
16% Mar
^
No par
Common
700
*23%
;
—
13%
19%
44%
■109%
25
26'%
45%
*11
•'
32
-19%.
-
44
-
83
4 Va
151
60
.
45%-
Sep
Mar 20
105% Apr 29
25 % Feb
Gen Public Service-
15%»
101 y4
4
102%
Dec
38% July
31% Jun
110
No par
10
20%f2O%
21-
16%
15
32%
•
%
15%
75
Dec
100
;
100
22
12
*24%
,
45%
140
.
15%
*55
11
11
*4
*15%
263/4
45%
19% -19%
1%.
150%
60
*44%
243/4
'
110
34
26%
152
12
46
1
4
*98
'
109%
12
*150%
26%
26%
•
44%,'
11%
34
31%
31%
31%
46
.
-
1,200
Jan
Feb
293/4
18
par
1
Outdoor Adv A
Gen
;
'
22
10%
19%
5%
May
50
15
23
4
preferred series A-No par
107%
1%
24%
13%
„
7
Mar 10
Apr
5
No
Foods Corp
preferred;
%'•■:•' 1%
20% 20%
*79
•'78%';;;
>*80%
90%
'
78
*100
10%
19%.
,
V
15%
21%
13%
20y4
7%;?:.'7%
20Va 7-
*21 %
83
*89
:
4
98
*109
4 '/a
243/4
15% Mar
95
Feb
No par
preferred——
$5
f
4,100
1,200
*1
'
-
*113% i 114%
21%
13
90%.
*107%
*15 Va
1
10%
*80%
80
*23%
21%
*99%.. 10I%-
1%
43%,
12
113%
21%
45%
16%
24%
21%
113%
•
102%
1%..
34
15
*150%
,
*23%
100
45%
11%
11%
25
15
78%
46
98
110
4 Va
11%
*24%
'78%
a 102%
*15%
16%
34 %
!
45%
109%
1%
4
4
*11 Va
15%
19%
3%.
43%
*107%
1%
*15%
100
11%
11%
*1%
103
*109
110
1%
1
42%
109%
*11%
15%
/
12
103
100
conv
5%
300
7%
*107
1%
1%
'■•••
19% May
21
36
5
General Motors Corp—
400
v44'/»
*115
15%
-
Jan
Jan
4
No par
General Mills
100
20%
-
$6
i
Deo
10 y4
29% Jan
Cigar Inc
$4.50
Dec
16 3/4
Apr
33% Jan
5
preferred
9% July
23% Mar 24
3
preferred-!;
7%
Jan
23
15
2% Jan
No
Gen Gas & Electric A—
32,700
7%
•115
80
200
400
59%
*43
107%
•
•-'2oy8
7
"
'
-
/.■
7% ;y
"
1%'
20% y
■
■
20%
20%
10%
♦45%
1%
%*
20%.
13%
;
,
20%
1
20%
83
19%
3%
103
42%
*107%
.
44%
'
..*88
,
45%
1%
*98
100
*109
■
10%
13%
7%*
80%
78%-
19%
3%
103
42%
-78
*80%
13%
91
Transportation
cum
General
<■
90
■
129
*128
'•
■
20%
107 %
1%
15%
99%
83
13%
3%
;
7%
108%
1%
*112%. 113%.
-21%
21%
99%
*80%
13
No par
General Electric Co
;
11,800
130
58%
7%
*19'%
80%
21%
19
.'44%
.
15%
21%
20
7%'
44
7%-
,
7%
y
3,600
:
125
130
128%
44-
•
7%,
*20%
24%
*991/4
„
10
107
130
128%
44
2%
107
58%
*115
•
21%
54
Mar 13
Jan
No par
-5
General Cable Corp
Class A
17,000
113%
2%*
*120
58%
1%
1%
20%
'■
130
81
24
46
*98
>
148%
113
125
59
*1%
115
n%.
*79%,
•.'.21%.
*18%
*102%
..
21%
*45
1%
115
1%
24%
•
:
*107
20%.
„
7%
19%
:
108%
24%
13%
1%
7%
-
20%
•.'*112% 113%,
89
•
1%
1%
10%
3%
7%
:
•;
A
106%'
129
'-•43%
19%
,
*20%
.:
83
.89
26
*147'
2%
*120
130
58%
129
43%
**107
'
*99% }00
10%
7%
,80 ■
20%
20%;
15% ; 15%
78% ,78 %
1
-
23%
13%
»General
26
,!•■ '
113%
,-106%
1
130
"
7%
7'/8
*19%
*1%
80
21
.21 •„
*112%. .113%
*21
! .21%
*80%
700
2%
106%
-
1%
-
■78
;23%
43%:
■7
108%
*114%
15%
'
'
148 y^'
113
2%
*105%
58%
129
20%
•:
,
20%
78
58
129
1%
;•
78%
*20%
*15%:
58 %
'V'-»107
y'
1%
1
130%'
129%
.43%
;
7%
.19%
19%
115
1%
78
470
26
*147
113%
2%
-
*105% .106%
*130
130%
*42
■
1%
20
400
41%
114
113%
120
7
7%
20
'700
13%
90
36
?
108 %
*1%
*1?8
*25%
4%
13%
35%
-
Jun
30% Jan
General Bronze Corp—
89 %
41%
2%
Jun
28
Feb
.70
-5
Baking
preferred
$8
13%
35%';:
;
Amer
89%
41%
'
,
600
35%
57%
19%
-'*7%
*107
.
8%
47/a
41%
*128
7%
19%
.
8%
47/a
41%
106
'
'
87/a
*4%
35%
■
;
43%
'
.'*7
;
10
35%
*130
57%
128
*40
'
2,500
41%
114
36
Jan
Jun
July
5
39 »/4
5
13% Jan
par
General
7%
•»
41
106
130%
.
57%
128
Gen
40%
119
Jan
19%
8% Mar
4
—50
$6 preferred
1,000
1,900
41
118
25%
1
22 Vb
109
60
1
Gen Amer Investors
1,400
.
Jun
29% Mar
18
No par
39%
Jan
Jan
13% July
Jan
Industries Inc
Wood
42%
35%
'
;
42
35%
•2%
-
106%
*130
11%
106%
36%
'*113%
.
2%
*105
11%
40%
117
Jan
15%
97%
3
53
2% Jan
Gaylord Container Corp
5ya% conv preferred
50
149%
89
148 %"
Mar 11
Jan
12% Jan
Ao
Co
1,100
77/a
*12%
25%■
31%
Jun
Jun
July
Jan
20
(The).
2,400
35%
V
113%
2%
117
.
8
-
Co
14%
*8%
89 %'
25%
*147
148%
'
40%
Gamewell
Gardner-Denver
54
*145%
-
■
43
38% Mar 17
'
■
19%
503/4
Jan
3%
No par
1
Gar
149%
8%
cl A
(Robert)
Jan
Jan
25%
237/a Mar 10
107
5%
106%
42%
4
n>
40%
•
*145%
13%
89%
11%
42%
4%
12%
13%
88 %
'•
41
10
preferred—-
Jan
12%
42
93Va
Jan
100
*53
.
107
8
4%
(The)
Inc
Co
6%
Apr
25% July
98% Nov
30%
20
-
*14%
54
11%
8
*8%
5
14
-
*106
149%
8%
4%
.
*147
42%'
7%
149%
8%
14
*53
■
11%
? 4%
148%/ 148 %
35%
35%
5%
106%
%
I
17
5
106%
25%
1
17
5%
*11%
*12%
88
30%
17
11%
*145%
8%
4%
■
*4%
30%
17
107%
42%
149%
if
x30
14'/a
*11
*14
,
30%
5%
preferred
Dec
6%
Jan
53% Jan
pfd—100
preferred
18%
Jan
78%
Mar 27
"
*14
53%
*106%
7%
*145%
14%
*14 y
17
*53%
11%
*106%
14%
29%
y 5%
5
14%
53%
*14
29%
*16%
~.
5
*53%
14%
Trailer
conv
Feb
3%
J'uly
105% July
29% Apr
8
.16
Co
R V*
13,
15
1
1
19%
Jan
Dec
3
1
Fruehauf
190
'
*14
No
12
Apr
Jan
18%
58% Mar 7
14% Mar 28
10
Co—
6%
86
3
Mar
May
11% Nov
Nov
6'/a Apr 28
47% Apr 25
11% May
1
25
F'k'n Simon Si Co Inc 7%
28
107% May
1% May
3
Corp
prior preferred
Francisco Sugar Co
42
Nov
8%
107 y8 Mar 13
13
24 y8 Jan
6 %
Nov
20
3
34% Jan
10
Freeport Sulphur
•
May
par
1
3,600
33-
par
100
2,400
108 S3
ft
Foster-Wheeler
30%
21
17
98% Feb
4
Machinery Corp
33/4 July
49% Apr 24
44'/a May 5
18% May
4
104% Jan 13
10
Jan
7% Apr
25
35'/a Jan
No par
700
89
31
103% Apr
par
No
300
14%
89
105%
108
105
105%
14%
y
31%
32%
32%
lOZtt
3%
130
31%
100
Corp
preferred
%
5
20% Jan
5
par
Steel
29% Mar
25
8
1
conv
Food
2,000
21%
91
*108
:*3%
3%
21%
*14%
32%
105%
21%
*21%
*83
108 tt
ft,
21%
14%
31%
5%
: 200
21%
91
31%
v
56%
*56
38% Feb
Food Fair Stores Inc
Nov
20
217/a Mar 17
27
No
Jun
3
May
101% Feb
3
Jan
No
preferred
Follansbee
1,500
21%
*89
88
31%
6%
21
-
*14'/a
14%.
91
31%
32
l14%
14%
*86
A 108ft
105%
*14
■•
Jan
Jan
45
Rights
200
11%
93
17
No
Stores.
Florsheim Shoe class A
48
3
25
(The)
Jun
143/a
4
100
Florence Stove Co
11%
11%
Co
400
:
Jan
1
500
•
5
$2.50
preferred
National
$4.50
100
37
*26%
First
Flintkote
23,200
Apr
24
22% Jan
par
Enamel Corp
4'/a %
2,000
'•
48
6%
*47%
r.
1
1%
36%
27%
108
110
27%
36%
6%
-
4 lA %
700
37%
20%
*26%.
r
-
20%
1
\
'• ''
105'/4
43
37%
36%
,
43%
105 %
43%
105%
43
105
20%
-
110
*107%
43%'
105%
43
105
37%
37%
20%
7 42%
43
104%
42%
*104
No
Dept Stores
conv
preferred
9%
Jan
17% Feb 24
26
No par
Federated
500
350
"
*48%
Federal Motor Truck
1,700
:
v
Nov
Jan
5%
38% May 5
24% Mar 21
21
17
78
33/4
14% Jan
18
Jan
19 % Apr
__5
23%
fi%
3
114% Jan
Jan
5
7
4% Feb
3
1J0
Jan
52% May
31
18
2
*6%
7
33% Jan
2iy8 Apr
9% Jan
No par
23%
*96%
par
Federal Min <fc Smelt Co
Federal-Mogul Corp
8
163/4 May
16 '/a May
Jan
13% Mar
3
20
.•
400
30O
-
,
Jan
13% Mar 22
3
10%
$ per share
Jan
8
3
7%
*7
8%
9% Jan
10%
Highest
S per share
13% Mar 22
46% Jan
7%
*10%
$ per share
4
par
*10%
r
97/a Jan
Lowest
__100
5% pref series A
Erie & Pitts RR Co
85%
$ per share
No
common
Ctfs of
Year 1943
Lowest
Mar
Apr
12
8
14
Dec
Jan
21%
Jan
23 y4
Nov
138
2% May
6 3/4 Apr
17
July
13% May
32% May
273/a Jan
Jan
154
Dec
Jan
3
57%
Sep
65
43 % Feb
17
50% Jan
5
3iy4
Jan
50
Sep
19 Vb Apr
19
22% Jan
24
14%
Jan
21%
Dec
11
29
12% Jan
24
11
Jan
10 Ve
Nov
13% July
17 % May
60
11
Mar
Apr
Apr
67
4
18
3% Apr
3
33
Jan
43% Apr
Mar 13
43/a Mar 10
26
6'A Jan
13
3
Jan
123
Feb
2V4
Jan
5
Jun
Mar 14
81%
Jan
1603/4
Jun
3%
Jan
10'/a May
150
•
1-53/4-Mar 204
3
563/a Mar 20
25%
Jan
41 Va May
25
46% Mar 17
44%,
Dec
50% July
H
♦27%
28%
♦28
.28%
11%
*ny8
11%
*28%, 28%
*36%,
38
16... 16
*11% • 11%
►107% 107%
107%
107%.
*107%. 108%-
-
*36%
3 7'/a
*15''a.
16
11%
For
37%
37%
*15 Va... 16
footnotes
see
page
„
1879.
-
*28
37
*15%
*11%
*107%
28%
37*
—
*28%'
28%
*36%
38
16-
•15%-
16
12-.
•11%
•
108%-- -108%
*28%
*
-
12
108%
38
*15.%
28%
38
16
80
•
11%/■ 11%
*108%
109 ;
Hsckensack
1%
Hall
10O
25
27
Apr
4
25
10
•35
Jan
20
Hamilton Watch Co.4—-——No par
300
40
Water—:—:
preferred class A—
Printing Co?——
4
6*
preferred
—
\
100
15% Mar 13,
11% Apr
106
Apr
26
11
223/4
Feb
28%
Sep
5
35
Jun
38
Apr
8.
12% Jkit
?9
Mar 22
38
•
May
16% Mar
14
Jan
108% May
17-
4
18 Va July
Jan
1534 Jun
104% Mar
110 V* July
9Va
■
AND
LOW
$
$ per
per share
10614
May 2
May 1
April 2!)
share
16
16
*138
143
15%
$ per
106%
$ per
share
106%
106%
15%
15%
*15%
16
*138
140
140
143
*138
143
*138
share
106%
*106%
16
*15%
16
143
$ per
share
106%
106%
106% 106%
106 Va
*15%
*138
$ per
share
"■
-
Hanna
1,700
6%
*6%
6%
6%
6%
*6%
6%
*6%
106%
*105%
106%
*105%
106%
*105%
106%
*105%
6%
6%
6%
6%
*6%
6%
6%
100
6%
*6%
6
6%
6%
2%
2%
105%
105%
106
*66%
69
69
"6GV2
*
21V2
22%
76%
70%
76%
131
131%
131
131
*63%
*63%
65%
*113%
116%
*20%
20%
21%
*21
38%
20%
*20 3/4
*21
39
38%
Hat Corp
15
41%
14%
14%'
109
109
57
109
63
63
63
63
63%
10%
10Va
10 Va
10%
103/4
76%
1,100
*128
131
*62
64
*114
116%
213/^
*20%
131
120
;
100
65
39%
*14%
40%
41»/4
41
42 3%
423%
14%
14%
14 Va
•
109 Va
*41
14%
*56%
58
*56%
58
'.3,500
41
15
Class
31¥8
'
32
31%
1V4
31%
31%
P/4
*31%
32%
*1 Va
IV4
10
19 ¥4 Feb
2
20% Jan
21
36% Mar
320
64%
3,400
10%
10%
19,200
32%
32%
900
*1%
1%
400
Hudson
Jan
33/a May
93 Va
Jan
HQ % July
563/4
Jan
71
Jan
172
Jan
29
152
21
25
5
73
128
Dec
Jan
71
July
118
Aug
14%
16 %
283/4
3
39
Jan
4
15¥a Mar
117
Apr
45 % Jan
Jan
25 ¥a July
Jan
403/4 July
7
Jan
123
7
213/a May
Jan
17% July
:
Sep
17
Apr
115
Jun
117
Aug
31
Jan
36%
Jan
93/4
Jan
6l
3*
25
42 Vs
'
42
•May
1
443/4 Mar 16
Jan
¥4
3
16
Jan
3
63
Feb
3
54
Jan
Jan
64 Va Mar
3
112
Mar
17
9
44
105
July
July
57 Va July
114
July
17
Jan
4
Sep
45
Mar
68%
Nov
—25
7% Feb
3
11 ¥a Mar 23
59% Aug
3% Jan
30% Feb
21
35
30 %
Jan
413/4
Apr
100
C:
66% Jan
Dec
Jun
Jan
7
23
87
136% Aug
49
5
21% Mar 14
22
Apr
Aug
%
100
66% Mar 18
117 Va Apr
12
Feb
10 % May
Jan
Mar 10
123/4
Jan
108
1% Jan
11
2
%
Jan
2%
Jun
6
12
10Va
Jun
Howe Sound Co
1%
1%
3
16 3/a Feb
13
Texas v t
Oil of
Houston
10%
32%
4
Jan
134
Oct
25
39% Jan
13% Jan
1093/4
Jan
Dec
4
116
7% May
Jan
6
5
Houston Light & Power
10%
4%
Sep
July
86
10
—100
Co.—No par
preferred
5%
13 % Jan
No par
No par
Household Finance
;100
109%
■
-
32
10%
27
18 3/4
144% May
Feb
81 ¥a Jan
3
Apr
_5
—No par
100
12,50
--No par
(A)
B
'
10%
Jan
10
Houdaille-Hershey cl A
'2,800
58
63
114
_1
Homestake Mining—
200
43%
64
64
:—100
No par
-No par
1073/4
Jan
27 3/a Feb
24
.
Holly Sugar Corp
7 %
preferred
109
109%
63%
Hollander & Sons
163
24
18
(Del)
600
V
*115
753/4 Feb
Mar 11
20 % Apr
Jan
1061/2 May
6
Apr
(C E) The.
Furnace
200
14%
15
—
160
3
13
Jan
—
Hires Co
Holland
28
Mar
75
Hlnde & Dauch Paper Co
300
14%
14%
14%
14 »/2
*14%
;
100
-
21%
39%
2% Jan
99
$ per share
Jan
13%
108% Apr
1
7¥a Feb 23
63% Jan
par
993/4
135
73/4 Mar 15
5
28
128
preferred
conv
100
21%
*21%
*115
preferred
$4
11
14
—No par
Hershey Chocolate
116%
213/4
—
6%
No
$ per share
Mar 13
6% Apr
f
s
i
Feb
146
Highest
Lowest
a,
17% Mar 16
8
104 % Jan
100
Hercules Powder
39 Va
108'% 109%
633/4
633%
63 ¥4
10%
*31
•
*563/4
57
109
Va
76%
42%
14%
143/4
77
41 Va
*41
42%
14%
*76
Motors.
18
5% Jan
(
$ per share
108
24
Jan
25
preferred-
non-cum
Hercules
Apr
15 % Apr
25
C0J—
-
——
4,900
*21 Va
15
41
Glass
W)_
23%
*383/4
—
1%
20
163
(G
23
*203/2
15
15
41
Helme
21%
*115
41
Hazel-Atlas
100
40
■
*14%
15%
15
*41
577/&
*57
*14%
510
*162%
*114
21 Va
21%
*38
1,700
70
:
Hayes Mfg Corp_
2%
106%
23
64
64
116%
;
*20%
'
*115
42
109%
*114
20%
20%
*14%
14%
42
58
,
*63%
64
*67
of Amer class A_
163
*128
131
*128
131
116%
213/4
41
14%
14%
77%
39%
42%
*57
*109
77
*21
41
41
*41%
77
*38%
116
'115
116
76%
213/4
*14¥a
14%
14%
23
131
106
70
138
preferred.
23
22%
.
*66
6 % %
.
♦■162%
163
163
22%
39
14%
14%
*14
*115
106%
163
*114
2%
2%
106%
67%
22
*63%
64
116%
114
2%
106%
67%
2%
163
22%
76%
22%
2%
106%
69
106
*66%
*163
163
^
,
2%
106
2%
2%
2'/2
105%
*
6%
6%
100
1
—100
,—, 1
Hayes Industries Inc.—
106%
6%
400
6%
*105%
105
preferred-
6%
Year 1943
Highest,
$ per share
No pa»
No par
(M A) Co $5 pfd
Harbison-Walk Refrac
20
106 '%
Lowest
,
Par
440
16%
145
*6%
v
Shares
106%
*105:"8
EXCHANGE
•
Range since January 1
STOCK
NEW YORK
for
the Week
May 5
May 4
..
,
Sales
Friday
Thursday
Wednesday
May 3
Range for Previous
STOCKS
HIGH SALE PRICES
Tuesday
Monday
Saturday
Monday, May 8, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1874
10
Mar 22
9% July
"
*1%
1%
1%
*7%
8
7%
•
*7%
24%
24%'
■
8Va
24%
8%
*7%
8%
24 Va
24%
24%
*24%
13/4
24V4
1%
.:
24 3/a
7%
8%
300
24%
'3,400
9%
9%
9 Va
9%
9%
9%
9%
9%
9'/2
93%
9%
10%
1%
1%
1%
1%
*1%
1%
1%
1%
1%
1%
900
26%
*26%
14%
14%
14 Vs
33%
34
34
33 Vt
57
*56%
57
13
*12%
12%
16%
37%
*95%
74%
75
10
10
*7%
10
10%
*30
110%
172
16 Va
16 %
16%
16¥a
2,200
Indianapolis Power & Lt.
37%
37¥a
37¥a
37%
2,100
Industrial
973%
*95%
97%
200
.
75%
8%
31
110%
75%
10%
101/4
*7%
10
8 '/a
32
*31%
162
*162
76
*76
77
10
10%
90
10
7¥a
8
*7%
80
6 %
112%
112%
112%
7%
6%
7
7
7
1,700
7%
7%
7%
7%
3,800
Interlake* Iron
171%
*170
70%
71
173
71%
*16Va
16 V4
16
68%
68 Va
*68
2%
70 ¥4
169%
169
71
71%
72%
2%
16 V4
17l¥a
171%
171%
2%
2 3/8
2%
2%
161%
16 %
16
69 %
*68
Int
1,100
International. Min
16
500
4%
4¥a
4¥4
43/4
2,100
26%
26¥a
26¥a
26%
17,500
131V4
*72%
72%
72%
72%
73
I
74%
75
75
74%
74%':'>,
75
75%
8%
87/a
9%
9
9%
5,600
76
75%
.77
46
*43%
46
64%
*63
127
*43%
37%
37%
66
77
*117
37%
*62
*117
127
13%
13%
*13%
14
13%
13%
*15%
16
*15%
16
*15%
16%
*15%
16%
*15%
13%
*30
31
140
89
20
89
100
¥4
*83
*613/4
*117
.
767/a
*43%
46
*36%
37
13%
13%
13%
13%
13%
13 ¥a
16
16
16 %
16%
16%
16%
16%
16%
30 V2
31
*137%
140
14
14
14%
14%
14
273/2
27%
271/2
28
28 Va
283/a
1121/a
*109%
1121/a
112 Va
*109 Va
89 ¥4
903/4
*83
211/4
64
64
73
113/a
11%
21
*63%
73
100
*109%
90
*83
213/a
641/2
21
64%
73%
'
31
:
*109Va
90
90%
90
*83
....
Joliet
63%
64
64
74
73%
74
11%
17%
11%
11%
16%
16%
16¥a
lGVa
17
*120%
121%
121%
Jones
4,200
600
*
5
"
800
preferred
100
Corp--J
No par
& Chicago RR stamped—100
Si Laughlin Steel..
-No par
%' pref series A__
5 %
600
Kalamazoo Stove
Mfg
Co
July
Jan
14
129
6% May
Dec
Feb
8%
163/a Mar 16
10
77
•
143/4
Apr
July
Dec
45¥4
Jan
693/4
Dec
3¥a
Jan
113/a
Jun
1
37%
Jan
71% July
44 ;
Apr
38V4 July
May
39
July
373/4 Mar 16
28
Jan
71% Mar 10
*
138
Jan
5
36
43% Apr
3
36%
-Mar 22
75 % May
4
19-
Dec*
Jan
60
9
102%
Jan
115
12
143/4 Apr
6
6%
Jan
16% May
12
143/4 Apr
17% Jan
6
15
63/4
Jan
16% May
9%
Jan
5
10%
Jan
18
Sep
Jun
32
Mar 27
27%
Jan
32 3/a
Apr
141
Mar 15.
Jan
145%
Jun
3
120 Va Mar
Apr
19
Jan
4
16% May
Jan
6
17
3
135
9%
15% Mar 22
31¥e Jan
110
Feb
18¥4
26
July
16% July
Jan
14/
10
99 Vs Mar
34
Feb
July
109% Aug
23%
3
58
Jan
4
lOVaJan
14
«
Jan
Aug
79
Aug
19%
Jan
26%
Apr
54
Mar~16
92%
Sep
Nov
65
Apr
76 Va Mar 16.
64 3/4
Dec
82
Apr,
25.
8%
Jan
123/4
Jun
66% Mar 22
5
66% Jan
Mar 13
.70
78
96
15
205/a Jan
—100
<—100
1
pref series B conv
Joy
Mar
35/a
Nov
84¥a Feb
Manville
400
r
19
67
25
,27 > Apr 22
107V4 Jan 21
..No par
4% May
Jan
Jan
17
134
Sep
Jun
July
Jan
28 % Jan
13% Jan
-I
Co
4%%
Johns
4,000
213/8
(W B)
Jewel Tea Co Inc
90
63%
*73
Jarvis
1,100
91%
21 Va
11%
*11
600
-
preferred
177
Apr
ll3/4
3
29
—
Island Creek Coal
$6
112%
21
21%
Intertype Corp
743/4
55 Va
.
19
15
Foreign share ctfs
%
6
177
Jan
21
13
Feb
162
53/a Feb
15
/Intern'l Telep & Telega-
140
14
2% Mar
138% Jan
300
28 Va
12
11 ¥a Jan
/Interstate Dept Stores-—
14
173% Jan
113/4 Jan
500
31
Jan
17% Mar 23
13
117
4,400
500
56%
69% Jan 20
56% Jan
23,900
\
31
3
35% Jan
preferred
1%
16%
Jan
4
39 % Jan
16 3/a
28 Va
14
112%
—.
~
13 Va
31
28 ¥3
68 Va Jan
■—
13¥4
*137%
140
66
International. Silver—
'
16%
Jan
3
13 %
11%
16%
*1203/2. 121%
21V4
73%
IP/a
*16%
90
*83
100
*63%
73
11%
90%
*
'
144%
11
13%
16 %
5
3/a Mar
13
Feb
conv
16%
13 ¥4
13%
16
30%
100
127
Mar
Jan
28
7% Feb
5 %
International Shoe——
200
Mar
9
93,4
165 % Jan
3
5% preferred.
International Salt
t
1,200
63
*117
127
14%
.
46
37%
115
Jan
7
.
210
77
63
63%
14
*137%
723/2
17
63%
37
x76%
13%
31
641/2
*16 3/4
*43%
9%
13%
140
723/4
,
*76%
37%
127
*30%
*723/2
11%
*117
*137%
*63V2
*11'/a
63%
77
46
9 Va
*15%.
203/4
20 34
64%
127
.
37%
9
893%
*109%
112%
77
*43%
9%
14
2 73/a
:
77
46
37%
31
14
27 Va
9%
140
*137%
14
9
July
Jan
74
Jan
Apr
8% July
38 %
Nov
25
13% Feb
1,600
8%
24
Jan
6
67¥4 Apr
130
Jan
6
par
Paper
Nov
6%
213/4
106
174
Co_—
preferred—
International
15 %
93/a
7
2
29
25% Apr
July
783/4 July
8
154% Feb
Jan
Apr
168
Apr
8% Mar 17
27
,
100%
Jan
62
114 % Mar 13
3
6¥a,Jan
Inter Rys of Cent Am——
32,100
343/4 Jan
6¥8 Jan
4%
360
153/4
83/a Mar
Nov
86%- Nov
158%
11% Mar 15
29% Apr 27
109% Jan 27
:Preferred'-—————
131%
15%
7
Apr 19
7% Jan 28
Int Nickel of Canada——
131%
3
10
20
4% Jan
4%
26%
15%
Feb
Jan
May
May
19% July
44 ¥4 Jun
Jan
32 3/4
14
99
11 Va
76% Jan 20
1% Jan
4%
131 %
413% Jan
162
3
6
3
71%, Feb
par
15% Jan
26%
14%
Mar
65
4%
131%
*83
158
Chem
&
14
4
14% Mar 22
17 3/a Mar 16
35 ¥a Apr
88% Jan
par
Hydro-Elec Sys class A
26%
15 Va
89
13
4
25
100
47/a
69 %
131%
*1093A
Jan
8
ig
15 ¥4 Apr
No par
26 Va
5
*68
14%
14
Jan
100
preferred:
International Mining Corp.
69
1311/4
*273/4
8
—
8,400
14%
37%
i
Preferred
210
:
1311/4
*29%
48
International Harvester™—No
5,200
m
%
*137%
Jan
No par
No par
Int Business Machines:.
900
169 %
*170%
173
172%
2%
169
173
14
13%
37
1
Intercont'l Rubber—
7%
14 Va
*117
583/4 Peb
No par
preferred^————100
7%
131%
*62%
31% May
4
Inc__
7
13%
75%
16% May
Jan
Jan
InterchemicaL Corp
300
*131V4
37%
Jan
18%
46
Inspiration Cons Copper-—%
14
*43%
17% Mar 22
393/a Mar 22
aNo
Ctfs
15
3
100
Co..
Insuranshar.^s
Jan
27
25
23/4 May
3
2,400
200
Feb
..
10% Jan
preferred
Steel
24
Y
11% July
*,
25 % Jan
No par
No par
26 %
»
26
131%
14
Jan
No
:
—
*111
69
*4%
5
7%
16
*68%
26 %
131%
14
Inland
'•-■■
31%
112%
l5/a Mar 15
1000
Rayon——
7'/4
*111
4
—
7
111%
l¥a Jan
1,800
7%
*30%
1
A
series
Ingersoll-Rand
6%
10 Va
31%
31%
ctfs
See
RR
165
75%
751/4
75%
10
*96
*162
165
*162
2%
2%
16
68 V2
5
123/4
165
173
173
2%
15%
26
*12%
161/4
70%.
70
172
2%
68 %
56%
127/a
97%
170 Va
171
69%
172%
.15%
7V4-
171
69%
2%
7
7%
170 Va
69%
4 %
56%
37%
Jan
29 ¥a Mar
Jan
4%
■
7%
169
lines
Leased
56%
•12%
16
22%
.—100
-
12%
•
11
10¥a Mar 16
—100
Co
56%
37%
*6%
6%
7
7
57
Jan
26 Va Jan
4
preferred series A
56%
*96%
31
111%
*110%
110%
*6%
270
4%
9¥a Mar 22
4
8% Feb
20
RR
Central
Illinois
V 6%
*12%
97V4
*7%
30
30
30%
..
8
8
8%
1,000
26%
26 ¥4
Jan
22 ¥a Mar
Idaho Power Co
5,800
3714
*162
165
74%
*74
14%
33%
16 V4
*95%
97
*162
165
*162
14%
33%
16%
37%
95%
16%
95%
14%
33
37
16%
37%
16%
14 Va
33
12%
*12%
21
No par
—
Hupp Motor Car Corp———
2,100
14%
33%
26V4
14%
'34
preferred——100
Ltd
No par
non-cum
56%
56
*56%
*12%
*37
•
26%
14%
331/4
26%
26%
26%
26%
26%
14%
33 %
.
5%
Hud Bay Min & Sm
Motor Car
Hudson
13,300
1%
14%
Feb
1
*
24%
8 Va
*73/4
24
*.1%
26%
Manhattan—.—1
&
ll7/a Feb
..
K
*120'/2
*163/2
*1203/2
121%
97/a
10'/a
9%
17
1211%
10
9%
10'/a
9%
35
35
35%
351%
34
347/a
*34%
15%
153/4
153/4
153/4
16 3/4
15%
*105 Si!
105 S3
105 S3
105 S3
*151/2
*105 S3
*17
*17%
18
18
•
*11013
21%
211/4
153/4
153/4
15%
21%
153/4
115
30 ¥4
31
30%
307/a
*20%
363/2
*4%
4V4
36
*4¥a
17%
15%
10.1 S3
17%
21
15%
*1133/2
30%
21,
*20 %
16
16
115,
*113%
31%
20%
*20 '/2
203/4
*35%
31
36
43/4
*4%
*20%
36
43/4
*4%
21%
16 Va
31%
nosss
17%
17%
17 %
31%
*21%
21%
16
16
*113%
115
31%
31¥a
20
16
12,400
203/4
20%
4%
231/4
8 3/8
*7%
2934
29V2
29 Va
29 Va
29i/o
29%
*333/4
34
33V4
34
33%
34%
34
*11V2
11%
11%
11%
*11%
11%
11%
V663/2
673%
*661%
67 »/a
67%
67 %
67
67
263/4
263/4
273/e
27%
27%
*60
60%
61
59%
60
"
*59%
23
23%
22Va
23
22%
8
*7¥a
8
•
29%
34
34
11%
11%
11 Va
67
67
27¥4
273/4
19% Feb
3'
pfd-ioo
110
1
20
-No par
112
A.
Class
pt. pfd A
6
25
Kennecott Copper
21
19
Keystone Steel & Wire Co_.
Kinney
Sep
Nov
11%
Jan
17
Sep
115
Dec
May
5
103 Va
Feb
8
14¥a
Jan
16% Mar 17
113% Apr
18'
8%
102
Feb
4
32 ¥a Mar 17
7
20% Mar
15%
par
31% Mar
4
36% May
3
Feb
17
24% May
16 % May
Jan
113
Jan
19% Jan
8
Apr
17
22% Mar
111
Apr
.104
30
1
29 %
Sep
Aug
Jan
par
-No
10%
Jan
-No
(G R) Co—;
127
Jan
Dec
7%
,,83
—No par
——
Corp..
Jan
5%
28%
Apr
35%
Jan
Jan
Apr
20% July
Jan
34
5¥a Mar 22
1%
Jan
July
6¥a July
22'
34 3A
Jan
58% July
3
25
28
Feb
11
24
Mar
6
18%
Jan
24 %
Sep
6% Jan
prior preferred—.
(S S) Co.
63 % Mar
25
9 % Mar
7
2%
Jan
10 3/a
Apr
par
273/4 Jan
4
31% Mar
2
23 Va
Jan
32%
-No par
31% Jan
4
35 3/a Mar 17
24%
Feb
-No
54% Jan
par
22
10
-No
1,800
28
Mar
Jan
13% Jan 26
B—
■1,900
67
34
4
Kresge Dept Stores
Kress (S H) & Co
Kroger Grocery & Bak
11%
67
34
Jan
Kresge
34
29%
297/a
17
5,600
29¥4
29%
17
28.
Kelsey Hayes Wh'l conv cl
$5
16% Apr
105" Apr
Kimberly-Clark
8
*7%
39% Mar 11
4
19
(3
100
80
23
*7¥a
•
Dec
Jan
conv
19%
Jan
121
25
102
conv
100
36%
4¥a
xl23/a
13% Feb
300
20%
*35%
43/4
3
Mar 21
Feb
14% Mar 28
preferred—— —100
_5
(Julius) & Co.—._v.
5%
Kayser
Keith-Albee-Orpheum
.
6% Jan
19
124
193/4 Jan
Dept Stores
Kendall Co .$6
>
36 Va
60
>
2,400
31%
*4¥a
233%
23%
600
21%
115
*35%
*7%
%
300
*20%
60
8
16
17%
4%
233/2
61
*20%
Kaufmann
111 /
20%
60
*60
111
-
280
36%
23%
293/4
105 n
"113%
115
60
9
16
105 SI
800
500
35
*153/4
Kan City P &
•■3,100
10%
35*
16%
*110%
23%
*7%
9¥4
34%
*15 3/a
16% Apr 27
121% Apr 25
10
& Furn_
L of ser B— —No par
Kansas City Southern—— ..No par
100
4% non-cum preferred-
20
121
34%
35
*110%
36
*203%
20%
*35%
18
*110%
*113'/a
115
105 §3
*120%
•
*110¥a
21%
*1133/2
*17%
106
9%
121%
9 ¥4
9%
-
-
Sep
323/4 Nov
L
27
27
*27
*11%
*27%
110
.
80
600
211/4
9 Va
213/2
21%
21%
21%
23
23
23%
23%
23%
38%
385/a
38%
3814
39%
40
40%
40%
40%
40%
-700
9%
91/2
93/a
91/2
9%
9%
9 3/a
9%
9%
5,600
22 ¥4
1,700
9
*21V2
*116J/2
2 li/s
38%
21%
*38
Va
223/4
223/4
117
♦1161/2
22 Va
117
211/2:
♦116%
21%
117
53/4
5%
1%
13/b
22%
227/a
23
233/4
23
23 Va
30 3/a
303/2
30%
30 3/8
30%
30 3/a
18 34
*3734
471/4
6%
*40
18 ¥4
39
47%
7
41
For
footnotes
¥4
53/4
*13/8
13/2
5
18%
*37 V8
471,4
6%
41
see
18%
39
l¥a
18%
*383/4
47 Va
7
471/2
6%
41
page
5%
*40%
1879.
5%
13/a
18%
39
47%
7
42
*22
9%
22%
22%
22%
116%
116%
*116%
117
5%
5%
5%
5
1%
23
30%
*18%
39
1%
23
30%
30 ¥a
19
*18Va
39 %
47%
48
6%
7
*41
1%
23%
42
%
39%
48
6 3,4
41
22%
*116%
¥4
1%
23
30¥a
5%
*l3/a
23
30%
5,700
117
10
5%
2,900
1%
700
23%
4,100
30%
19
19
19
39%
39%
3,700
39%
48 Va
48%
48%
6%
6%
6%
41
42
42
400
1,400
■
5,200
10,500
400
preferred
5%
Lambert Co
Lane
Lee
(The)
Bryant—
Rubber & Tire
17
.
100
11
13
Jan
100
1
Laclede Gas Lt Co,
62
26
73
Mar 30
Feb 11
Jan 14
Apr 17
17% Jan 19
No par
No par
5
Coal & Navigation Co
10
Lehigh Portland Cement—
25
4% conv preferred
100
Lehigh Valley RR—
50
Lehigh Valley Coal—
No par
6% conv preferred
—50
Lehman Corp
(The):
1
Lehn & Fink Prod Corp
i.
_5
Lerner Stores Corp—
No par
Libbey Owens Ford Glass
No par
Libby McNeill & Libby
7
Life Savers Corp
5
38
Apr 24
Jan 3
Apr 26
Jan 7
4% Jan 3
8
21
113
Lehigh
1% Jan, 29
'
15Vs
29%
18%
36 %
42
Feb 4
Jan
4
Jan
5
Feb 14
Jan 3
6¥a Apr 24
39
Jan
8
9%
Jan
35
3
16 Va May
73
Oct
293/4
Jan
Jun
19¥4
Jun
29% Jan
6
17%
Jan
233/4 May
5
IP/4
Jan
10
26%
Jan
81/4
Dec
9
Dec
Jan
29
July
120
July
41% Jan
10
Mar 13
24 3/a Jan
31
20
3
39%
-
Oct
2
1071/2
Jan
7% Mar 21
2%
Jan
83/4 May
13-
Jan
21/2
117
Mar
1% Apr
10
25% Apr
10
32% Mar 20
19% Feb
25
Mar 18
Jun
Jan
20 3/4
Jan
32
14 3/a
Jan
22%
23%
Jan
38 Va
31
Jan
43%
Dec
8%
Jun
•
41
Jun
11%
24
48 3/a May
5
8
Apr
43% Mar
8
5
Jan
1
30
Jan
41
July
Jun
Dec
July
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
.Volume 159
NEW YORK STOCK
LOW
$ per share
72%
73%
72%
73%
*27
27%
*71%
73%
*176
176
73%
178
*26%
72
72%
27%
38
37%
37%
38
38
381/4
38%
38%
39
*38%
39%
39
39%
39
39%
*38V4
*19
19%
19%
20%
20%
20%
20%
21%
20%
231/s
22%
22i%
221/4
22%
*22%
22%
27%
27%
16'/8
15%
16%
16
16%
16
161/8
59%
60
60
60y4
60%
60%
*60
42%
42%
42%
42%
42%
43
42%
42%
*9%
9%
•162
9%
30%
30%
31
17%
17%
17%
17%
163
162
*21
211/4
*85
87
*25%
26
9%
*1621%
162
9%
*162'%
'21%
21%
21%
21%
86%
86%
87
87
23%
'43
3,200.
....
3,800
43
*
2,300
•
2,100;'
9% ' 10%
9%
9%
30%
30%
31
31
18
18'%
18%'
18%
162%
161 %
9%
-162%
163.
21%
21%
*86%
"21%
87'%
"
21%
871
87%
87%
•
1,100
,
1,000
'
36
37
26% Feb
Biscuit—
(P)
preferred—
.Louisville Gas & El A_
44
Jan
43
Jan
21% July
21% Jun
15%
Jan
24
121/2
Nov
25% Mar
Mar 17
42'%
Jan
37%
Jan
64% July
51% Jan
111/4 May
16
12
Mar 21
6%
Nov
3
Jan
31% Mar 16
18%
Jan
18% Mar 17
16%
Oct
148%
Jan
162 %
5
May
July
31
Oct
21%
Jun
163% July
May
4
20% Jan. 12
22% Mar
7
15%
Jan
22 'A
69% Jan
100
—
Jan
3
Jan
17% Apr
151
Jan
29
8 % Jan
28
July
24
12%
47% Feb
24
71
73% Jun
182% Aug
28% May
22%
3
18% Feb
62
1
Highest
$ per share
34%
24% Mar 16
,
28
Mar
Dec
21
21% May
40% Feb
—No par
Louisville & Nashville
,
4
19% Jan. 13
.100
-
40
15% Jan
10
15
Feb
Jan
6
Dec
Nov
171
13
43% Mar 16
Jan
58
25
Co
28
3
25
Apr
62
62%
76% Mar 18
180% Apr
18'/a Feb
Lockheed Aircraft Corp—
a
-Loew's Inc
—No par
Lone Star Cement Corp
No par
Long Bell Lumber A
—No par
7%
90'
•
>21%* 21% v
••
87%
f
!
No par
Lorillard
4,700
162
8
No par
Loose-Wiles
800-
••
3
No par
.
$ per share
73 % Mar 22
3
67% Jan
174% Jan
—23
_
Lion Oil. Refining Co
...No par
Liquid Carbonic Corp——No'par
.
2,200
-
16'% 1
61'%
68% Jan
23
_100
.
•-
Lily Tulip Cup Corp—
Lima Locomotive Wks—
,
500
■
.
; 11,300
16%
18
31
*17%
163
21%
31
91/2
31
17%
17%
9%
31
*30%
42%
/
•
Preferred
Link Belt Co
100
•
60
■
60%
42%
.
>1,200
'
22%
16%
'<■
27
39
21%
23
16
59%
310
Lowest
$ per share
$ per share
Par
tLiggett & Myers Tobacco
Series B
.
1,900
Year 1048
Lowest
,
500
•
'
38%
*38%
21%
*22
22%
16
59%
27
38%
381/2
39
<
73% '
175%
Range since January 1
Highest
»
EXCHANGE
,
Shares
72%
73%
175%
*26%
*26%
*37%
*26%
72%
73%
175%
Range for Previous
NEW YORK STOCK
the Week
•
$ per share
175%
73
175%
Sales for
'
May 5
72%
*71%
73%
175%
*381/4
27%
Friday
$ per share
72
73
73%'
176
176
STOCKS
Thursday
May 4
$ per share
$ per share
RECORD
PRICES
Wednesday
May 3
May 2
$ per share
72 ',4
176
SALE
Tuesday
May 1
April 29
"73
HIGH
Monday
Saturday
"71V2
AND
1875
90% Mar 17
59%
Jan
79
July
July
29
May
3
M
,
*25%
*25%
26
26
26
*253/4
26
26
;-:
.
/
*137
*36%
35%
37
30%
'
*15%
*15%
:
15%
*355
31%.
16
*15%
....
15%
15%
*355
390
31%
15%
*355
390
37%
37
16
16
15%"
15%
15%
390
*355
15%
•
7%
*11%
12
*19
7%
7%
7%
11%
*11%
11%
*11%
11%
19%
' 2%
2%
■'
73%
19%
19%
7%
*11%
•
7%
V"
;•
7%
6%
Forbes
&
2%
2%
•,
20
*2%
20
'
16
Macy (RH)
No per
271% Jan-
No par
10
14
50
315
100
:
*2%
3
*2%
3
6%
6%
6%
*15%
15%
15%
16
'15%
16%
16
16'%
13%
13%
13%
13%
13%
13%
13%
13%
18%
19
18%
19%
19
/
19%
19%
19%
6%
6%
6%
6%
6%
6'/8
*6
6%
7
6
6'%
7'/8
'
f
390-
•7%'
•
Co Inc„:
Madison Square Garden
1,000
Magma .Copper—
2,300 '
Mahoning Coal RR Co
Manati Sugar Co—
•
73/4 •"
:
11%
300
Mandel
20 >'
20'!
800
7%
7
800
19%
6
6'/8
7
7%
183/4
13%
13%
19%
193/8:
19%'
6
-
6%
•
43% '
20%
43%
43%'
42%
43%
42%
42%
43%
433/4
26
25%
25%
25%
25%
25%
25%
25%
20
20%
*172%
174
*53
"
5%
5%
5%
33%
34
*109%
53%
33%
20
19%
.
*172%
*33%
33%
22%
22%
22%
193/4
53%
175
5%
333/4
22"%
5%
5%
33%
33%
5%
900
17
17%
112%
171/a
15%
*111
112%
27%
27
27%
16
*15%
*15%
16
15%
16
*48
17%
17Vb
17%
98%
*10%
10%
10%
10%
10%
10%
*103/8
10 3/4
*10 3/s
103/4"
*113%
113%
*113%
113%
*113 Va
II31/2
*1131/8
113%
*113%
9
*47%
48%
22%
22%
1,800;
*98%
98%
200
9
-;r
$4
94%
*91
94%
94%
*91
94%
»91
*82%
85
83
83
*81
83
*81
83
31%
*31%
31%
31%
32
*9%
9%
9%
9%
91/4
9%
9%
91/4
41%
41%
42
*.41
*27%
42
*27%
28
*28%
29%
42
27%
42
42
28
29
29
*91
.
28%
*28
*28
28%
29
32%
32%
9%
9%
9%
41%
42%
42
42
*28
29
*28
29
*29%
:
6%
6%
6'/a
6%
*6%
6%
*6 %
63/e
6 3/a
25%
25%
25%
25%
25%
25%
26
25%
25%
26
31
31
31
*303/4
31
31
31
124
124
124
51
*51
*30%
31
122%
122%
*50'/a
123
*107%
*100
100%
20%
2%
12% /
32%
20%
6%
100%
2%
12%
100%
20%
*2%
2%
993/8
23/4
!:3
12%
33
753/4
114%
114%
*1131/4
12%
12% "121/2 l.
33%
76%
33
32%
'
*116
117%
*110%
111%
43%
116
*110%
*75%
•76
114%
114%
f
12%'
■■
75"
111%,
111%
433/8
43
43%
37%
37%
42%
43
42%
*37%
39
23%
23%
23%
23%
23%
16%
17
17
17
17%
171/a
*116
23%
16%
16%
16%
*18%
19
19
*26%
27
42%
*37%
19
423/4
43%
39
*37%
*
39
19
*18%
26%
*26%
27
5%
5%
5%
-
19
26%
-
*187/s
19
•
i
'
•
43%
-
'
•
Preferred
44
•
17%
Morris
10,630
)
17%
17%
100
■
5%
5%
79
79
*79
80
80
801/2
82%
20%
20%
*21
21%
21%
211/4
*20%
73
*71
72
*71
*112%
114%
112%
112%
*112%
9%
9%
9%
9%
*9%
*46
48
*46
48
*46%
73
115
*71
"
9%
*112%
9%
48
*46%
;
.
55/a
83
,
1
vl9
18%
-
;V
5%
83
,
27./
26%
v.
19
-
21%
21%
Motor
800
*46
48
73
421/2 Mar 24
25
Jan
42
31% Mar 25
23%
Sep
323/4 Mar
3
31
26
Jan
34 %
Apr
Apr
V
9%
*46
48
July
6
Apr 25
243/4 Feb
4
53/4
Jan
93/s
27% Jan
4
18%
Jan
30%
par
271/8 Jan
13
321/2 Apr
12
20%
Jan
31%
116 V2 Jan
4
5
106%
Jan
128
July
Apr
7% Mar 18
124% May
46
Apr
4
36% Apr 26
,
108% May
553/4 Feb
41
,
Mar 31
Mar 17
107
Feb
110
Mar 17
107
Nov
113%
Feb
8% Mar 22
3
Jan
8
Jun
3
153/b Mar 21
Jan
3
33% May
115
>
Jan
107% Jan'
Jun
112
3
105% Mar 22
64 3^
jan
13%
Jan
25
%
Jan
3/a
98
Apr
6
3% Mar 22
22
/
3%
July
July
3% Mar
Apr
Jan
30 3/4
Nov
18
75%
Dec
921/2
Jun
117
Jan
24
113
Dec
119
117% Jan
5
11%
17%
Jan
14
116%
Dec
121
111% Apr 26
27
Jan
2
81
743/4 Apr 25
112% Feb 29
par
Sep
18
8% Jan
29
v
109
Mar 13
105
10
Corp
106%
Nov
Mar
Apr
H41/2 Aug
47% Mar 15
33%
35% Jan
11
5
1
Jan
39%
Oct
4
39% Apr
263/8 Feb
31%
21 % Jan
13
Jan
273/s
Jun
15% Jan
3
181/2 Mar 16
9%
Jan
17
Jun
.41% Apr 26
16% Jan
5
;•
1
Co—
L—1
.
19
Jan
84% Apr
29
18%
Jan
31
Mar
7
Jun
Jan
77
Jun
53
12
*
23% Mar 27
15
Jan
Apr
79%
111
July
Apr
23%
76% Mar 22
62
10
112% Apr
11
8% Jan
3
10% Mar 13
51/2
Jan
43% Jan
wipo
10
No par
July
23/4, Jan
70% Feb
—No par
50
ll'/a-- Jan
18
6% Mar 22
3
20% Apr
Jan
29
4
Jan
21%
20% Mar 22
7
26% Apr
4% Jan
72
No par
No par
Murray Corp of America
Myers (F E) & Bro
•'
6
5
Murphy Co (G C)
43/4% preferred—a„—
4,300
Mar
3
Munsingwear Inc——
150
f
4%
20
13
$7 preferred
.
3,00
Sep
Jan
343/4 July
I2V4 July
No par
,
250
1
Feb
78%
Feb
2% Jan
Mullins Mfg Co class B—
200
115
9%
48
;
73
*112%
9%
4,800
f
21%
89
Jan
27
—50
Mueller
Brass
Jan
60
173/4 Feb
-i_No
series B_,
Wheel
10% Jan
673/4
3
93% Jan
Co—
,
1,800
5%
84
83%
115
9%
9%
5%
2-7%'
-
-*21V4
73
*112%
115
5%
-
83
21%
*71
73
27 rv
■-V
115% Aug
103/4 Apr
4
'
27
*26%
5%
5%
Jan
9
May
34% Mar
4
Feb
6
27
Apr
83
28
19
Motor Products Corp
2,400.
Sep
101
8
28
.
6% Jan
Essex
&
H%
1
preferred, series 0~«—No par
Montgomery Ward & Co_i„No par
Morrell, (John) & Co
—No par
10,700
'
23% •25
-
Jan
Jan
$4
>
*37% V39
•
jun
6%
Mar
preferred ser A—l„_No par
$4.50
10
Apr
253/a
Jan
—
Chemical
40
50%
Jan
No par
Corp—.—
117%.
111%,
Jan
14%
27
preferred series A——-100
Carpet Mills—
20
7%
38%
—No par
10
preferred—
Monsanto
Sep
25
Mohawk
900
1,700
-
16% May
9
1
Impl
Power
Mo-Kan-Texas RR—
114%.
'•
*110%
\
23% ',233/4
23
39
*37%
23%
•
75%
:.
700
11,100
7
30%
•
114%
117%
*110%
.
$6.50
Mission
*
114%
*116
23/4
*30%
753/4
116
500
1,500
7 :
Oct
29
Jan
100
No
1st preferred—
Moline
7
12% "f 12%
•/.
.32%
i
Minn
113%
81/2
25
91
Jan
Jan
Jan
25
10% Feb
Jan
70
Jan
19%
Feb
Mar
113% Apr
''Jan
82
11%
22% Aug
173/i Sep
^10
Products
6,100.
--
31% Apr
8 % Jan
—7—5
Midland
:
.
8
Sep
104
11% Mar 22
..
Oct
110
Jan
7% May
Jan
,
24
100
112 % Feb
Minn-Honeywell Regulator—No, par
4% conv pfd series B
100
4%% preferred series C
100
60
52
1
36
Jan
123/4
16 3/4 Mar 21
18
Feb
100
3
243/a Mar 27
29
21% May
Minneapolis & St Louis Ry__No par
50
21%
11
Jan
Sep
Jan
37
2,900.
20%
'-2 3/4
353/4 Apr
110
60
2%
61% Mar 16
6
27% Mar
176
Aug
5
Co
Copper——
Cum
Jan
par
Co——No
Trans
Steel
Jan
37
1
50
Petroleum—
8%
•
102
20%
"
165
17% Mar 20
1
Mid-Continent
100
109%
*99%
>
,,
Mln
Nov
24
Mar 20
112% Apr 13
303/a Mar 22
No par
1,600
7
.
Miami
.
700
•
39
63/4
20%
23/4
33
111%
'-6%
"*
109%
-
109%
&
600
53
•
conv
Machine
3,200
124%'
38 %
*108
1
109%
20%
75%
114%
383/4
108'
»
•
51
:X99%
20%
76
12%
38%
6%
6%
101 if"
'
*110%
!
r
20%
*116 ,*■ 117%
117%
61/2
♦
•108
6%
124 i
51
*108
33
*113%
114%
111%
*100
27/«
12 v.;
75%
•
6%
20%
33
75%
*110%
38%
108%
2%
12%
*116
37 %
*1071%
108%
100%
20%
32%
*113%
38
111
6%
*100
-
2%
*75
37%
*107%
*107%
6'/a
20%
51
51%
37%
111
*107%
6%
6%
*50 i/e
123'/4, 124
107%
:
107%
111
124
51%
37%
37%
*107%
*30y2
123
*50%
52
37%
31
5%
Merch
Mesta
19%
27
Jan
13
-
(The)
1st preferred
500
;
July
Jan
B w w—i—No par
300
v
32
58
Feb.
Corp
jun
July
Jan
22% Jan
Apr
series A
ser
Mengel Co
1,400
26
6%
preferred
73/0
43 %
22
1093/a Feb 23
;_100
——*-i-No par
$5.50 pfd
Jan
31% May
5
-.10
Apr
July
May
14
7
97
preferred
conv
3%
18%
27
175
32% Mar 10
5
24
28% Jan
193/4 Jan
par
No
*17
Dec
143/i
106% Mar
—18
Inc
Jan
20 3/a Mar 27
Mar
16
Jan
Jan
473/4 Apr
4% Mar
1
—100
Jun
43/8 July
63/4 July
9
24
Mar
8%
9%
5
6% Feb
24 '/i Mar
320
3%
5
Mar 16
15
52% Feb
Co_.j————1
Stores
Melville Shoe
330
293/4
25%
*30%
170
No par
No par
No par
—
*
—
Mead Corp
800
;•
29
29
6 3/8
7% May
18% May
19% May
par
—10
•
$6
32%
91/4
29
•
50
32%
28%
—No
—100
Robblns
&
McLellan
200
94%
85
*81
Wks
Stores
preferred
6%
"v
31%
*91
85
Jan
371/4 Apr
25% May
Mclntyre Porcupine Mine3:
1,060
9%
31%
95
*81
1%
4% Jan
par
——1
preferred w. w_
conv
McKesson
113%;
31%
*89%
4
700
'
9%
Apr
Mar 20
48%
22%
.
par
No
47
48%
221/4
*981%
9
193/4
3% Mar 17
Apr 27
48%
221/3
8%
I.No
Corp
Feb
99
9
Jan
3
14
99
8%
16% Jan
No par
22
9
1
McGraw-Hill Pub Co
48%
•*8%
14%
5
300
21%
.
Sep
9
27
2,400
16
49
9
12
•
3
13% Apr
27
113%
*8%
6% Jan
12% Jan
1
98%
*113%
Jan
19
,
preferred
5%
98%
*10%
61/4
2% Jan
McGraw Elec Co—
21%
!
Mar 24
20% Mar
McCrory Stores Corp
22
49
21%
-1
Jan
24
1,000
98%
98%
Nov
33/4
18% Feb
McCall Corp_—————
*98
48%
22
*97
Nov
315
8
par
25
300
10%
481/2
*21%
15
15
13
1,300
28 3/a
*153/4
5
Feb
14
_100
Maytag Co
$3 preferred
$6 1st cum preferred
112%
27%:
16.
Co
Alkali
Jan
8 3/a Jan
10% Feb
—No par
Co—
Department
17
370
25
17.
17
271/2
*15%
Jan
24
prior pfd
L)
15% Apr
33%
*111
27%
10
303/4 July
15% Dec
25
16% Mar 30
12
223/4
223/4
112%
*111
1%
May
*109%
*22% V22%
17%
112%
*27
17%
27%
*15%
17
*111
27%
49
27%
17%
112%
*111
*27%
,
1,200
"
*111
Jan
1
5
Corp.,
Elec
Mathiesori
20
900
a,
(Glenn
Master
-
4,300
•
5%
333/4
*109%
22%
20
Ry 6%
Field & Co_
Masonite
7,700 1
; 54
,
St
Martin-Parry
2,500
175
53%
Martin
:
25%
19%
533/4
Marshall
3,500
;
Market
3,000
47%
*172%
533/4
,.
*1091%
22%
20
*172%
172%
*33%
5%
;>
53%
5%
53%
♦.
20
172%
174%
53%
5%
,
*109%
*109%
22%
*22'/a
19%
172%
*52%
5%
*33%
20%
172%
54
Jun
19%
21
No
Bros
9,410-
-
6%
44
26
*
;76,600
173/4
26'%
43%
*25%
23/4
133/4
,
Nov
37%
Jan
Maracalbo Oil Exploration
Marine Midland Corp
"
2%
v
173/4
'
133/4
138 %
Jan
Apr
6% Apr
Manhattan Shirt
•
3
16%
-
•
.
July
28
32 % Feb
3
Jan
Jan
133
139
—-I
:
11%
20
20%
1
26
39 3/4 Mar 22
21
27
:
"15%'
-15%
■
193/4
27% Feb
6
Feb
34% Jan
2,600
•31%
*355
7%
*11% '•113/4
20%
135
No par
preferred
•
20
25& Apr
10
;
Mack Trucks Inc
"
7%
MacAndrews
1,600 ;
37%
*15%
390
.
1'
■■
31%
15% '
*355
390
300
v
'
•
16.
26
37%
;
"•
31%
*15%
i
*137
■
37%
31%
31%
*15%
,
—' 1
37%
37
31%
31%
■
*137
*137
■
37%
37.
31
30%
15%
*15%
*137
26
"...
■'
"
*137
5
48
8
34%
Jan
116% Feb
24
Mar
Jun
Sep
117
Aug
113/4 July
44
Feb
N
A
•
*34%
34%
35
15%
15%
15%
*34%
15%
15%
9%
9%
10%
10%
20%
175
*10%
21
*171 /
20%
175
*18
18%
*18
34%
11%
*10%
10%
10%
20%
12
9%
11
*171
:Jr
M
*103/4
9%
9%
'11
:
fa
11%
12%
11%
20%
*171
15
27%
27%
273/,
273/4
27%
14%
14%
14Va
14%
14%
12%
12
12
20%
20%
20%
20%
15%
153%
15
28%
93/4
*12
203/8
35
15%
.
16
91/4
10%
10 3/4
10%
11
1,300
National " Aviation
20%
20%
203/4
5,800 '
National
*18'A
175
*171
18%
175
*171
18%
15%
15%
5,800
28%
28%-
4,200
15
151/4
151/a
28
27%
281/4
28%
29
143/4
14%
14%
121/4
14%
14%
12 »/4
12V4
12V4'
20%
20%
2OV4
20%
15%
"15 V2
32%
20% :
11%
21
21
172
148
*146
32
32%
321/4
32%
32%
28%
*291/4
29%
29%
29 %
9%
9%
9%
9%
20%
94
21%
94
21
94
93/8
211/8
172
172
*170
172
170
148
1473/4
1473/4
*146
148
147
147
147
*17%
18%
173/4
173/4
173/4
18
*173/4
18 v
293/4
*29%
303/4
30%
303/4
30%
30%
*30%
31%
*58%
12%
5%
12%
6
5%
5%
58%
59
59
*58%
59%
-12%
12%
123/4
13 VH
5%
*59
13
6
5%
59 Va
133/8
59
'
13
59
:
13Vs
2734
27
27
273/4
28
28
28
28
82 Va
82%
83
*82
83
82V4
83
82%
*88
89
88
88
87
87
*86%
88
*9%
9%
273/4
7%
7%
*9Vs
9%
8
*9%
81/4
8
9%
*9 V4
*14%
-
*86%
88
9,?00
National Tea Co
No par
100
Natomas Co—
No par
9
15
600
Nehi Corp
25%
200
Neisner Bros Inc
—No par
—1
semi preferred—100
22
200
Newberry Co
15Vs
14%
14%
24%
24%
*99
102
*.99
102
*99
102
59
*58
59
GO
*109
*99
*57%
*99
102
59
59
*109
28%
28%
28 3/a
28%
28'A
28%
28%
17%
18%
18
181/4
18
18%
18%
191/4
43/4%
*109
28'A
17%
1879.
<
60
283/4
page
15
*24V4;
102
*28
see
6%
conv
>
„
8'/4-
25
footnotes
30
(The) Pa
preferred
^
28%
19
conv
(J J)
5%
28%
19%
1,000
25,000
preferred series A
Corp
Newport Industries
Newmont Mining
;
No par
100
10
1
Jan
29%
Dec
10 3A
Nov
13 % Aug
143/4 May
13
5
Jan
6%
Jan
i
12 ?
9 'A Mar
,
Jun
21% July
15% Sep
12
Dec
X25V4
Jan
36
Dec
5
10% Mar 15
17%
Jan
29'A
*
Jan
11'A
Jun
17
70 *A
Jan
90 3A
Nov
22% Mar 27
14
Jan
20%
Dec
10
160
Jan
2
137
Jan
150
14 3/8
Jan
22
May
27
Nov
36
Jan
95
174
Mar 15
Apr
Apr
1473/4 May
21V2 Mar
3IV4 Feb
7
62
8
25
Mar 13
Apr
Sep
.
12
15 Va Mar 16
6
23/a
52
Jan
J an
53/4
Jan
14V4
178% July
Jun
7'A
Jun
64% July
15% May
Jan
28%
Jun
87
Mar 23
57
Jan
8OV4
Jun
92
Mar
62
Jan
88
Jun
30% Mar 16
8 % May
9
4
14
10'A Jan
13% Jan
3
17% Mar 16
Jan
4
27% Mar 22
96% Jan 12
4
56
Jan
105
Mar 17
27% Mar 31
16% Apr 24
Jan
14%
16'A Mar 23
3
4
Mar
9%
Apr
8
21% Mar 28
11
9
Feb 5
87'A Jan 11
li3
Jan
7
164
Feb 25
141
Jan 18
173/8 Apr 19
28 V2 Apr
5
7
5% Feb
57% Feb 5
11% Feb 4
25% Feb 8
79'AFeb 4
83% Jan 6
5'A Jan 3
93%
*17%
For
'*■
conv
18%
Mar 13
8%
25
*109%
$2
5%%" prior
3
15% Mar 16
May
*9V4
15Va
*109
88
—10
.—40
preferred—.-10
prior preferred—1
^-100
National Supply
Sep
29% Feb
35
9%
26
*109
250
25
Corp
10%
30
8%
*25
*57%
2,400
Steel
Jan
3
9%
*14%
59
4,300=
273/4
National
-
4
No par
National Power & Lt
5'A
Jan £5
8 Va
15
*99
*57%
600'
,
No par
National Oil Products Co—
'
*86'/4
—
Co
Nat Mall
13%
'
& Si'l Cast
—100
i_100
800
82'A
821/4
-—
preferred A—
preferred B
18
Feb
9%
26
143/4
'26
6%
No par
^-10
900'
6,800
591/4'
preferred-
National Lead Co
1%
—1
Gypsum Co
conv
Sep
21'A
29
81/4
*25
15
*25.
6
59V4 :
273/4
-
102
*14%
-30%
131/4
82%
-
180
18 3/s
30%
5%
27%
7%
420'
147
47%'
-■
6
*82%
7%
9,200
170
;
18%
293/4
5%
21
20%
169"
$4.50
July
Nov
26
-
13% July
16 3/4
30
—No par
162
3
-
XIIV4 Feb
19% Jan
13 V* Jan
11% Jan
—1
No par
—No par
preferred———
j—10
National
176
17
17% Apr
26
Apr 18
12'AJan 17
.
Products
National Dept Stores
—No par
180
23
Jan
20
Stamning
2,800'
Jan
Mar 1
Feb 17
8'A Jan
3
Nat Enam &
9%
Jan
18
Nat Distillers Products
93%
8%
15 3A
11% Feb
165
1,100
.
12% July
18
6,900
-
11'A July
Feb
21
32%-
Apr
Jan
8'A
Apr
Feb
Nat Dairy
6 %
19%
5'A
Mar 21
Jan
National Cylinder Gas Co
1,700
Dec
10% Mar 22
12
22
30
•9%
211/4
*173,4
5%
1,300
•
13
16% Mar 21
8
175
——1
7,100 ;
15%
Jan
20% Apr 24
——10
;—No par
Nat, Cash Register-;
2,000;
11%
93%
170
9
10% Jan 31
9% Jan
4
293%,
94
20%
172%
1
32 3/a
'
.
9%
94
15%'
*ll3/4
323/4
28%
■
Corp
121/4 ■
14%
•121/4
Apr
100
& Share
National Can Corp
,
Jun
403A
No par
preferred
Bond
National Container
"
■
Nat
200
15Va
Jan
—10
Corp
Biscuit Co
203/4
*14%
12
,
19
*18V4
15 3/s
20%
7 %
175
18%
Feb
Jan
Mar 22
37
10
;—10
5
preferred-
10%
*113/4
172
Acme
conv
20%
11%
*146
6%
10%
15%
*170
Nat Automotive Fibres Inc—
900
211/8
*171
1
Go—
National
1,500
1%
6 3/a
23'A
% Jan
11% Apr 24
28
Jan
5
13"% Jan
3
Louis—100
St.
1,700;
9V4'
11
10%
153/a
94
&
20%
*11-%
94%
Chatt
Nashville
220
SA Nov
13% Mar 13
A Mar 30
—No par
5
Corp
10%
11%
9%
'I'
Liquidating Co
Nash-Kelvlnator
21
175
15%
9%
Nabco
1,100
22,900
16%
9%
*10%
15%
"
35
16
91/4
11
*11%
29
12%
343/4
11%
*93
21
121/4
35
15%
*283/a
94%
203/4
103/4
n,
121/4
313/4
32
9%
93,6
103/4
12
*113/4
12
*93
15%
*9Va
-151/4
151/4
28%
15%
9%
10%*
18%
14%
313/4
343/4
153/4
n
Mr
■
12%
34%
*18
15
*113/4
12 Va
35
18%
14%
*12
n
U'
12%
7'A May
2 3/4
Jan
6
Jan
10'A
9Va
Apr
Jan
193/4 July
16
Jan
25%
Oct
NQV
Sep
100
Feb
21
743/a
Jan
98 %
61
Apr
37
Jan
573A
110
Jan
3
22
303/a Jan
8
26%
Jan
37%
Apr
19% May
5
101/2
Jan
19V2
Oct
106 3/4 Mar
114
Aug
Monday, May 8, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1876
Range for Previous
STOCKS
HIGH SALE PRICES
LOW AND
Monday
T'esday
Wednesday
May 1
Saturday
May 2
May 3
April £9
share
$ per
14%
14%
14%
14%
14%
102%
102 '/a
102%
102%
3614
36%
17%
17%
*24 %
24%
$
36%
36%
37%
17%
17%
17%
17%
32,100
New
18
-17%
17%
17%
23%
24'/2
1,500
24%
25
24
24%
24%
24
N Y
24%
73
74%
6,300
74%
76
*26
26 %
900
N Y
13%
1,200
New
35%
100
73%
75%
72%
*26
26%
*25%
*25%
13%
*13%
13%
13%
26'A
13%
*33
35
35
*33
35
35
148
148
150
150
160
74%
13%
*33
147%
147%
147%
63
63%
63%
■
*%
%
%
%
%
16%
16%
16%
16%
193%
119
%
17%
17%
17%
%
195%
119
*117%
52%
52%
52%
8%
8%
8%
8%
814
*42
15%
14%
15%
11514
*114%
115%
19%
19%
19%
19%
42%
42%
43
5%
*4%
5
*42
42%
.
*4%
4%
4%
*42
44
*42
18%
18%
18%
50%
50%
50 %
'
*42
9
8%
9%
102
101%
101%
33%
*32%
68
*65
69
57%
57
9
9
9%
9,400
101%
101%
12%
13%
19%
3,800
13
11%
19%
19
149%
*147
.
300
*31% '33
*64%
66%
*64%
66%
57%
57%
57%
57%
2,200
*12%
12%
*12%
12%
200
Pacific Amer
*12%
12%
12%
12%
730
Pacific
12%
*42%
44
43 Va
43%
60
22%
330
67
57%
57%
Outlet
May
Jan
13
Dec
Mar 15
16%
Jan
32%
Dec
4
63 %
Jan
132
Dec
Jan
54
Dec
May
68% Apr
% Jan
28 Va
10
Jan
12%
199% Feb
2
122
Nov
26% May
23
19% Mar 11
3
1% Mar
Jan
10
38% Mar 13
July
38
162%
2
Jan
192% July
113
17
Feb
Jan
122
Nov
10
18% Mar 15
9%
Jan
18% July
Jan
26
5414 Feb
21
49 %
Jan
56%
Jun
27
5314 Mar 22
48%
Jan
56
Jun
Nov
14 %
Apr
8
24
9% Feb
Apr 25
,101
9114 Jan
102
Jan
4
Jan
3
Apr 13
17% Mar 21
Jan
31
115% Apr,24
15
3
12
45 % Feb
28
24
16
27
8%
Jan
20% Mar 22
11 Va
Jan
52% Mar 16
29 Va
Jan
3%
Jan
18% May
Jan
116% July
107
24% Mar 16
15 Va
Jan
23% July
36
Jan
41% Aug
x3%
Jan
6
July
31
Jan
45
Apr
Apr 17
5% Mar 13
17% Feb 8
Feb 8
8% Apr 18
100
Feb 14
8% Jan 18
18
Apr 19
148
Jan 28
31% Apr 26
Jan
10% Feb
105% Jan
5
Dec
Jun
21%
Jun
Jan
154
Sep
Jan
38
Apr
Jan
67%
54 Va
Jan
64
11
28
Jan
24
46
59% Jan
Jan
8
55 % Feb 29
Dec
10'/a
105
10%
142..
Mar 30
37 % Jan
18
65
50% July
Jan
15%
20% Mar 17
153
21% July
-
Jan
3Va
5
14% Oct
Jan
69
10
13% May
64
12.50
Dec
Jan
7%
43
1
45
No par
Co
Glass
26
6%
160
100
Co—.——
Owens-Illinois
Jan
Mar 15
39
.—5
6% preferred
Outboard Marine & Mfg—*
32%
32%
33%
,
14%
15
4'4 Jan
No par
No par
6
100
No par
—No par
-
Otis Elevator..
2,700
148
28% Mar 14
12% Apr
Equipment.
Omnibus Corp (The)
8% conv preferred A
Oppenheim Collins—
510
74% July
40% Jan
Farm
Oliver
101%
9
19
*65
57%
Ohio Oil Co
12%
67
57%
.
1,300
26% July
Jan
17% Jan
3714 Feb
...
—
Jan
112
Norwich Pharmacal Co
11,500
*147
*32%
-
18%
50%
19%
>
32%
*65%
18%
49%
149%
*19
*147
150
32%
33%
*65
,
19%
19
12%
50
18%
*101%
12
11%
11%
*11
Preferred
11
31%
100
Telegraph—.
Norwalk Tire & Rubber
400
*12%
12%
18%
50
*147
5
May
28% Mar 22
X1314
Northwestern
200
May
.78% Mar 23
4
8
Airlines
Northwest
45
x49%
9
102
5
*42
12%
51
50%
5
45
*4%
5
50
150
*147
57%
*41%
91/0
*32
57
43
42%
20
50%
101%
11
1114
18%
19%
*147150
3,800
42%
18%
18%
19%
40
20%
18%
18%
19%
114%
20%
*41%
12%
18
*11
*114%
20%
20
51% Jan
$5 pfd
Northern States Pow
■
Jan
15% Jan
Northern Pacific Ry__—
28,700
15%
114%
*12%
12%
101%
14%
19%
45
*12%
101%
11%
15
70
102
*101%
114%
*42
12%
101%
102
19%
*4%
12%
q
4,100
10%
102
52
preferred series
preferred series.North American Aviation—
Northern Central- Ry Co
*42
12%
9%
8%
20% Mar 22
118
5%%
*19%
12%
9
8%
44 % May
183% Jan
6%
*114% 115%
45
*42
45
400
14%
15
14%
14%
19%
19%
1,000
52%
8%
102
102
*101%
*114%
15
8%
8%
8%
102
115%
14%
*114%
52%
*52%
8%
52%
52%
5214
*101%
52%
52%
52%
52%
*52%
102
52%
52%
17%
52%
Jan
2
33% Jan
pfd.
non-cum
Dec
Nov
27 Va
40
Jan 19
Jan 3
May
21% Mar
12
94%
Mar 13
15% Feb
% Mar 11
1414 Jan 3
North American Co
17,600
53
17%
52%
Adjust 4%
50
119
129
52
Noblitt-Sparks Industries.—
Norfolk & Western Ry
950
17%
52%
17%
500
17%
17%
52%
5,400
195
*117%
17%
52 %
*101%
119
17%
17%
102
195
17%
52%
*101%
195
37
195 %
118
37
194%
37%
195
17%
37%
*117%
*37
500
17%'
*37
preferred
Highest
$ per share
share
per
102 '/a Mar 10
11% Jan 27
30% Jan 22
No par
N Y & Harlem RR Oo
—50
N Y Lack & West Ry Co
100
tN Y Ontario & Western
.100
N Y SUpbldg Corp part stk
1
%
%
City Omnibus Corp—No par
York Dock
;
No par
$5 non-cum
530
65
64 %
100
preferred series A
6%
70
*157
160
*%
16%
17%
17%
*33
35%
63%
43
195
195%
♦118
119%
13%
13%
63%
37%
37%
36%
73
26%
13%
63%
118
36%
194
.
63%
63%
%
16%
63%
64
*16%
36%
*36%
26%
*26
*146
*52
New
18
73%
♦
35
194
400
36%
13 %
*118
36%
36%
24
73%
2614
*36
37%
!
$ per share
1314 Jan 3
97 Jan 5
35% Apr .25
15% Jan 3
19% Jan 4
62
Jan 3
24 % Jan 3
& Dry Dock___l
No par
York Air Brake
No par
York Central
No par
Chic & St. Louis Co
100
preferred
$5 conv
400
102
102
Newport News Ship
2,500
14j%
14%
14%
106
*102
106
Lowest
Shares
share
17%
26
*33
106
*102
$ per share
14%
14%
14%
*102
$ per
Year 1943
Lowest
Highest
$ per share
Par
*36
*36
"73
13%
ver
share
$ per
share
145/a
$ per share
the Week
May 5
May 4
January 1
Range since
YORK STOCK
EXCHANGE
NEW
Sales for
Friday
Thursday
Va
Oct
July
P
12%
43
43
*42
22
*42
44
*22
22%
*22
*13%
15%
31%
44
43%
43%
22
21%
21%
15%
15 Va
15 Vb
31%
31%
31%
31%
42%
*42%
31%
33%
117%
33%
35%
*117%
117%
156
33%
*155%
156
*155 V4
42%
42%
34%
42%
*42%
43
*42%
*117%
34%
*155%
■
5
*4%
5
5
5
5
14
14
14
14
14%
3%
4
4
4 Va
42%
42%
400
37%
38%
21,600
*117%
118%
40
156%
*155'A
156 %
30
5%
47/a
4%
37%
118
4
29%
29%
29%
29%
29%
30
29%
29%
29%
29
9%
9%
*9%
9%
*9%
9%
9%
9%
*9
111%
2%
*46%
*111%
112"
111%
3
*2%
*2%
*105
*105
*105
1,800
2%
2%
48 Va
48 Va
1%
24%
25
25
25%
25
25%
25 Vb
81 Va
84
84
85%
86%
88%
89%
92%
1%
1%
„/
26%
26%
19%
1%
1%
26%
27%
1%
27%
27
*1%
1%'
1%
1%,
"
27%
27
26%
27
19%
•:
4%
.
7
Park
24,200
*4,800
19%
*19
*18%
19%
*19%
19%
19%
6%
6%
6%
6%
*5%
6%
57/a
6%
6%
2,400
17%
17%
17%
2,600
6
1
Inc.—
Utah
.2.50
Parker Rust Proof Co
300
19%
*18%
Tilford
&
Consolidated Mines...1
Parke Davis & Co.—
No par
Park
1,100
"V-V,
—,—No par
Inc
preferred———.-100
Pictures Inc
—1
conv
Paramount
9,200
25%
84%
*1%
1%
26%
24%
Cos
Paraffine
1
Prod. & Ref—i
Panhandle
300
•
*105
3
Airways Corp
5
Pan-Amer Petrol& Transp
5
Panhandle East P L 5.60% pfd-100
180
3
No par
Transportation
Patino Mines & Enterprises
Penick & Ford
Parmelee
*5%
6%
17%
17%
17%
17%
17%
17%
17%
17%
53%
*52%
53%
*52%
53%
53%
53%
53%
*52
54
53%
99%
99
99%
98%
99%
99%
99%
100
99
99%
99%
13%
13%
13%
14%
13%
13%
13%
*13%
13%
14%
14%
*14%
14%
14%
14%
2,500
Penn
14%
14%
15 %
14%
15
15%
300
400
10
(J C) Co
Penn-Central Airlines
13%
13%
8,400
13%
*52 %
99
17%
•
400
*2%
2%
2%
*2%
2%
*2%
2%
2%
2%
•*2%
38%
38%
*38%
40
*38%
39%
38%
*38 %
39%
38%
38%
38%
*16%
17%
*16%
17%
*16%
17%
*16%
*16%
17%
17%
17%
*16%
*22%
24%
57%
57%
*57%
•
7%
48%
48%
29%
29
29%
29
29%
*23%
24%
*24
24%
*24
24%
*24
57%
58
57%
7%
*7
7%
49%
49
49%
13
13
13
7
48%
*12%
13
*12
24%
28%
24%
*23%
*7
29 %
29%
28%
29
28%
*110%
29
57
57
57%
57
57
7%
*7
4 49%
7%
7%
49%
48%
49%
13
*12%
65
63%
63%
600
57%
7%
300
6,400
*63
13
600
64%
12%
13
*12%
10,600
49%
7%
49
500
65
66%
66%
*64
*42%
44%
42%
42%
*41%
42%
41
41%
41
41 %
44%
25%
25%
25%
25 %
*2514
25 %
25%
25 %
25%
25%
25 %
*7%
7%
7%
7%
7%
*8%
8%
*8%
9
*40%
42
64
65
65
; *41%
*25
41%
*40%
...
8%
7%
8%
8%
500
Pfizer
21%
7,900
51%
470
96%
160
21%
21%
21%
21%
21%
*50%
50%
50%
50%
50%
19%
4,200
24%
2,200
20%
21%
21%
2114
50%
51%
50%
51
97%
97%
*97%
97%
97
97%
97
97%
97%
97%
96%
19%
19%
19%
19%
19%
19%
19%
19%
19%
19%
*113
85%
*113
119%
*113
24%
119%
24%
*113
29%
29%
9,200
85%
86 %
86%
86 %
86%
500
110%
*108%
110%
*108%
110%
40
112
*110
112
*110
112
13
14
29%
110
*108%
110%
111
*110
111
*110
112
*110
12
12
12
12
13
13
108% 108%
*103
105
*103
44%
44
43%
105
44%
*103
44%
43r'a
43%
10
10%
10%
10%
10%
10%
24%
24%
24%
23%
24
*24
135
*102
*24
5%
5%
67%
66%
79
*12%
12%
12%
12%
*12%
67%
*7%
7%
79
79
78
5%
67%
67
*7%
7%
*7%
78
*5%
5%
*5%
67%
*169
175
*169
175
*169
*185.
190
*185
190
514
*5%
49%
*24%
7%
5%
66
7%
135
17%
17%
2114
*20%
9%
9%
21%
9%
5%
800
66%
67%
1,100
7%
7%
7%
400
80
79
80
390
12%
*12%
13%
12%
12%
700
175
*169
175
~5%
49%
48%
57%
*14
*169
175
90
49%
57%
.14%
■■
5%
*87
90
*57%
14
7%
900
47%
*59
14
14
12%
*11%
12%
*11%
12
*11%
74
*70
74
*70
74
72%
*17%
17%
17%
18%
17%
17%
21%
21%
21%
22
9%
9%
9%
9%
9%
9%
11%
11%
22
22
22
11%
12%
*11%
12%
*11%
12%
36%
36%
36%
-36%
36%
36%
36%
37
53%
53 %
*118%
119%
*119
14 %
13%
95%
119%
14%
14%
95%
95%
53%
53
103
95%
103%
103%
103%
108%
108%
107%
108%
118
117
117%
♦117%
For
footnotes
see
page
1879.
53%
119%
119%
14
95
103%
108%
117%
1414
53%
119
14
53%
119
14%
53
*118%
13%
119
14%
119
Jan
Dec
45% July
19
Jan
28% May
Jan
12
26
147
21
3
Mar 23
119%
Sep
Dec
91%
Feb
160
Oct
Jan
6 Va May
9
Jan
17% July
4% Mar 17
2'/a
Jan
8
23 Va
Jan
43% July
10 % Mar 17
7%
Jan
11%
1
3% Mar 25
105%
Jan
2
Jan
33% Mar
112% May
Jan
Vb
35 14
8
49% Mar
106
Jan
92% May
800
12y8.
37
53%
119
700
3,200
90
6%
1,120
7%
350
8%
95%
103%
108%
108
108%
108 %
108 %
108%
117%
117%
117%
*117%
117%
1,900
450
95%
103%
103 %
108%
118
1st ser conv pr
72%
17%
Jan
28
1 Vb
Jan
Jan
3
27 Va
Jan
Mar 28
Jan
16
920
(The)
preferred
preferred.
preferred
——..100
100
...100
29
Jan
24
51%
Dec
60% Mar
80
Jan
13
Nov
May
15% Apr
15
314
Jan
2% Jan
24
1%
Jan
Sep
20% July
Oct
9%
3% Mar
Jun
45
Jail
15
33%
Jan
26
13%
Jan
Jan -10
108%
Jun
Mar 21
23%
Jan
32%
Apr
24% Mar 22
17%
Feb
24%
Sep
9
46%
Jan
14
1%
Feb
61% July
7% Sep
53% Mar 16
30
Mar
63
8% Apr
17% Mar
Dec
113
59% July
28 Vb
Jan
15% Mar 21
5vb
Jan
16 Va May
Mar 24
34 ya
Feb
58 Va May
46% Mar 24
19
Jan
41% May
26 % Jan
8
23
Feb
26% May
914 Jan
12
6%
Jan
10% July
9% Mar 13.
5Ve
Jan
8% Jun
29% Mar
69
49% Jan
3
26
3
25
27
13
18
25
4
25
3
3
25
3
27
3
6
—
Jan
Jan
Jan
Jan
May
100'/a
18% Jan
41
112
8% Jan 25
7214 May 5
87%
96
104%
113%
6% May
Jan
Nov
5
16% Mar 13
„
1914 Jan
8% Apr
1114 Apr
12 Jan
35% Jan
52% Apr
116 Mar
1314 Jan
19% May
1%
16%
100
4
23% Feb 23
17% Feb
May
3
58
19
11% Jan
Dec
2% Apr
32
15
7% Mar
14
3
5
100
Dec
July
20% Feb
3
26
100
pfd
45%
July
20
Apr
61
714
July
4
30
1% Jan
5
6
29
Jan
Jan
Apr
Feb
Jan
Jan
Apr
Oct
113% July
106
31
Mar 28
Apr 11
5
Apr
Jan
15%
5
5
Jan
100
25
27% Mar 16
6
68%
11%
164%
183
4% Jan
6% Apr
8214 Jan
46% Apr
57% May
7% pfd—100
.
1
Class B preferred—.
100
Plymouth Oil Co..
5
Pond Creek Pocahontas.
No par
Poor & Co class B
No par
Pressed Steel Car Co Inc..
..1
5% conv 1st preferred
—.5
5% conv 2d preferred
50
Procter & Gamble
No par
5% pfd (ser of Feb 1 *29)—100
Pub Serv Corp of N J——No par
$5 preferred...
No par
95% -96
103%
95%
103%
96
5%%
6,500
95%
103%
Corp
No par
45 conv preferred
No par
Pittsburgh Forglngs Co
1
Pitts Ft Wayne & Chic Ry—100
7% preferred.100
Pitts Screw & Bolt
No par
Pittsburgh Steel Co
No par
7% preferred class B
—100
5% preferred class A
100
1414
14
103 %
117%
17%
22
10
*11%
J.1%
preferred.
3O6:
5,100
*11%
53
i
72%
11%
12%
6%
100
100
100
Pitts Coke & Iron
Plttston Co.
11%
11%
53
12
Louis Ry Co
Pittsburgh Coal of Pa
900
14 %
11%
11%
53
16%
31%
Jan
15
1114 Feb 14
Jan 19
Apr 19
9
Mar
V* Jan
33
5% Feb
x98
43
No par
5
25
Flour Mills
Pittsburgh & West Va
Pitts Young & Ash Ry
1,100
*11%
36
20
9%
11%
36
670
48 %
60
9%
•
1214
*35%
10
90
*170
18
...
1,200
*87
48%
59
1%
6"%
7
47%
175
5%
"5%
7
*170
*170
*169
*185%
*185%
*185%
11%
*11%
.*11
Plllsbury
;
Hosiery
Pitts C C & St
135
5%
*78%
14%
*71
75
♦102
5%
12%
60
12%
135
79%
*14%
12
17%
100
series
7%
106
108
10
23
5
5
157
9
7% Jan
40% Apr
20% Feb
4914 Jan
88% Jan
19 % Apr
24 Jan
117 Apr
24% Jan
82 Feb
—100
...100
No par
Phillips Jones Corp
500
12%
*57%
*9%
3
10
Corp
24%
66%
*87
*20%
.—No par
No par
No par
.lOO
Philip Morris & Co Ltd
Preferred 414% series
Pnoenix
*7%
90
*17%
Phllco
com
preferrca
2,100
79
*170
*72
preference
107/s
66%
*87
75
$1
com
5,100
7%
7%
*72
Phila Electric Co.
44%
'5%
5%
~5 Va
48%
*102
66
5
14%
12
12%
24%
*7
*170
*12%
10%
24%
7
60
14%
14%
14%
♦170
44
10%
7%
*58
60
*58
44%
10% :
7
49%
49%
X44%
24%
5%
90
*87
90
48%
,
.
preferred
Phillips Petroleum.
20
*10%
5%
5%
*7%
7%
*7
CO
44%
preferred
Preferred 4% %
1,200
*103
105
105
105
13%
29%
79
*185%
*
*12%
13%
29%
86
86
$6
& Co Inc
Apr
July
3
17
22% Mar 16
20
Nov
52% Mar 17
37
Jan
68%
Jan
Apr
98
21% Jan
Sep
Dec
Oct
25%
Sep
13%
16
Jan
3
15
25
25
11
10
25
25
3
3
3
4
3
Sep
91%
22
24 Vb
3
25% Feb
x51%
18% Aug
24
Jan
2614 Jun
28
118
31
Mar 15
88
Apr
10
109 Va Jan
5
Feb
71
90%
Jun
July
104%
Nov
113
109%
Jan
117% Jun
7%
114% Jan
Feb
14
July
Apr
79 V2
Jan
100
July
Jan
42%
Nov
50
11 % Jan
3V2
Jan
10%
25Va Feb
18 Va
Jan
26
May
Jan
102
Jan
14
May
105
47
102
*102
135
*102
135
*102
10%
29%
29%
1
Phelps-Dodge
Corp——
—25
Philadelphia Co 6% preferred—50
(Chas)
4.4%
119%
85%
*110
105
24 Va
*113
29%
*103
*103
119%
*113
85%
*84
*108%
*11%
24%
24%
24%
119%
29%
28%
28%
28%
*84
24%
24%
24%
24
119%
No par
Brewing Co
Pfeiffer
600
25% May
121% Jan
24
3
4
>
25
Jan
38% May
Mar 17
514 Jan
46 Apr
1014 Jan
54% Jan
33% Jan
23% Mar
7% Feb
55
14%
43% Apr
7
Pepsi-Cola Co
I.—— — .1
Pere Marquette Ry Co.
t—100
5% prior preferred
100
5% preferred
100
Pet Milk Co
No par
Petroleum Corp of America
5
13%
Jan
33% Mar 28
914 Jan 3
214 Jan 10
16
Jan
23 Va
23% Feb
13 % Apr 18
37% Feb
13% July
6V8
4
1514 May
Feb 7
Jan 3
Apr 26
Apr 10
93% Feb
Jan
28
13% Mar 23
13
11014 Mar 17
25% Jan 3
21% .Jan 15
55
Jan 4
8%
51
pref ser A
1814
4%
15%
51%
7%
Apr
48% Jan
10% Jan 3
8 % Jan 3
41
Apr 18
1714 Jan 3
15% May 3
30
Jan 10
39% Jan 3
25 % Jan 10
117% Apr 27
149
Jan 11
4% Jan 3
12% Feb 29
3% Jan 27
28% Apr 25 ;
8% Feb 18'
10914 Jan 8*
2% Jan 3
45
Jan 6
103
Jan 10
23% Jan 27
57% Jan 18
1% Mar 27
26% Apr 27
preferred
—.
.-,——100
Pennsylvania RR
50
Peoples Drug Stores Inc
5
Peoples G L & Coke (Chic)
100
Peoria & Eastern Ry Co
100
40%
21
No par
No par
No par
Cement
Glass Sand Corp
8%
41
51
24
500
41
20%
*19%
$7 conv
40%
8%
*8%
8%
7%
7%
7%
8
500
2,200
8
42
*41
42
*41
7%
Penn-Dixie
Penn
1
10
Corp
Coal & Coke Corp
5%
*110%
*110%
*110%
*110%
*110%
2%
No par
No par
Penney
2,200
2%
100
100
Pan American
200
48
48
48%
*48
9%
111%
82
26%
*18%
48 Va
*914
111%
9%
112
par
*—No par
Motor Car
Packard
9,600
24%
24%
8414
83%
2%
2%
*47
48%
*105
__
24%
^illVaT112Va
3
2%
48 %
*105
~
112%
112
111%
2%
*46 %
900
30%
par
par
10
25
par
1
10
Consol'd Corp
Pacific Western Oil Corp
35,500
4
3%
29%
4
:
Pacific Tin
2,900
14%
14%
14%
*14%
1-
Co
preferred non-cum
No
2nd preferred non-cum...No
Pacific Finance Corp (Cal)
Pacific Gas & Electric——.
Pacific Lighting Corp
No
Pacific Mills
No
Pacific Telep & Teleg
6% preferred
.
7,300
5
4Va
4
31%
43
*155%,
14%
14%
31%
5
10
Fisheries Inc
Coast
1st
100
■
31%
35%
5
5
*14
i
■
118
156
21%
22%
*21%
*14
117'/a
155 Va
"
35%
117%
*13%
4%
42%
35%
117%
*117
155%
3%
12%
31%
15%
31%
*12
*13%
22%
*13%
31
12%
*11%
12%
12%
12%
12%
12%
12%
*12
12%
*12
7
Feb
21
3%
75
Feb
21
34%
Feb*
Jan
Apr
Dec
7% May
68%
Dec
8% Mar 24
5
Jan
9
Mar
5
59
Jan
77%
Jun
80
,
May
14% Mar 13
9%
Feb
15% May
4
168 Va
Nov
168% Nov
18
170
Jan
182
5% Mar 24
4
Jan
Jan
10% May
Mar
171
185% Apr
6%
Aug
Jun
9% Jan
10
4%
Jan
10
59%
Jan
90
61% Jan
10
24
Jan
52% May
Jan
10
99
64
-■
-
Dec
56
75
14% Mar 22
Jan
Jan
1%
Jan
10%
Jan
74 %
20
Mar
16% Mar
7%
150 Va
•
17% Mar 21
July
168
Nov
Dec
Dec
Feb
15
Jan
5
14%
Jan
21% July
4
18
Jan
23%
Apr
11 Vs Mar 16
4
Jan
13
Jun
79
19
22
-
Mar
-
13% May
13% Mar 16
6% Jan
13% Mar 16
6%
Jan
13
Jun
Mar 16
24%
Jan
40%
Jun
Sep
43
58
Jan
15
48%
Jan
58
114%
Apr
123
Feb
120
Jan
12
15
Feb
25
11%
Jan
17%
96% Apr
19
75%
Jan
96%,Oct
Apr
4
85"%
Jan
107% July
13
119% Apr 10
96%
Jan
114% July
108 Va
Nov
129% July
105
110
Apr
Apr
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
NEW YORK STOCK
LOW
AND
HIGH
Saturday
Monday
Tuesday
April 2!)
May L
SALE
May 2
$ per
$ per share
STOCKS
Friday
Sales for
May 5
Thursday
the Week
May 4
$ per share
$ per share
*115 %
$ per share
NEW
115%
*115%
*115%
115%
*115%
115%
115%
40%
40%
40%
41%
40%
41%
40%
41%
41
41%
40 %'
41%
16%
16
16%
16%
16%
16
16%
16%
16%
10,700
*110%
111%
*110%
111%
*110%
104%
104%
*104%
104%
104%
116
*110%
111%
*110%
111%
*110%
111%
*104 %
104%
104%
104 %
21%
21%
*13%
22%
*13%
'
104%
22%
14
*13%
14
104%
22
22
116
116
111%
500
3,000
14
600
22%
23
14
13%
13%
9%
8%
9%
703/4
:, 70%
70 %
703A
703/4
1.000
83/8
8%
8 3/a
8%
8%
8,600
*13%
$ per share
No par
ruuman Inc
Year 1943
115% Apr
28
Lowest
$ per share
119% Feb
$ per share
15
113%
45
Mar 16
26%
Jan
18
Mar 22
11
Jan
Nov
No par
37% Jan
No par
15% Feb
3
100
Purfe Oil iThei
6% preferred
5% conv preferred
Purity Bakeries Corp—
—
104%
' 23
23
*13%
14
Range since January 1
Highest
Lowest
Pub Ser El & Gas pfd $5
30
22%
23
Range for Previous
STOCK
Par
7,100
15%
16
YORK
EXCHANGE
Shares
] 15%
16
RECORD
PRICES
Wednesday
May 3
$ per share
share
1877
109% Jan
12
113% Feb
18
104%
103
103
Jan
15
107
Feb
9
92 %
Jan
19% Jan
14
23
May
3
13%
Jan
14% Feb 11
10%
Jan
.
No
Quaker State Oil Ref Corp.
par
.10
12% Jan
No par
No par
69% Jan
3
21
Feb
IIi|hest
$ per share
122
40 %
Aug
July
19% July
114 % July
107% July
22% Nov
15
July
R
9%
9
9
9%
9
9%
70%
70%
70%
70 Va.
70%
703/4
8%
8'A
8%
8%
8%
8%
89 %
8%
;
89 3/a
89'A
29
28 3A
29
*13%
14
13%
89
89%
*28 3/a
14
*29%
17
17%
17%
36%
30%
*29%
30%
*7%
7%
*7%
7%
30%
73/4
120
*112
120
59%
60
*15
15%
*15
15%
*15
19
*18%
19
*18%
*18%
•f63/a
60%
16%
163/s
16%
*89%
90%
90
*89
91
89%
*8%
*95
96
*7%
*92
14%
5,500
30%
.
293/4
*283/4
*293/4
30
17%
17%
17%
17%
*37
38%
37
37
*30%
*7%
30%
*29 Va
30
*29%
*73/8
8
*73/8
*112
61
60%
15%
*15%
19
.
*18%
17 %
8
120
*112
61%
120
63
61%
15%
63 %
15%
*18%
*15'A
*18%
65%
100
19
163A
6.200
*89%
90%
90'A
90%
*90%
91 %
90%
90%
91
90 3A
90%
91%
92
93
490
8%:
8%
83/4
9
9
16
16-%
16%
101%
101
101%
*101%
96
95
95
9
16 3/a
9
16%
95
95
*94%
95 %
7%
3,900
7%
7%
94%
*92%
94%
*93
94%
*93
71%
*70
120
95
71%
*70%
7%
7%
71%
*70%
71%
11%
11%
11%
11%
11%
11%
11%
11%
11 %
*11%
IP/a
1,000
88%
883/4
88%
88%
89%
*89%
89%
89 %
893/4
89 %
*9
9%
9%
9%
9%
29%
29%
29%
29%
295/8
30
293/4
29%
37%
*35%
37%
*36
37%
36
36
37%
37%
*14
14%
*14%
14%
*14%
14%
14%
14%
*14%
14%
9
9%
*9
9%
29%
9%
9%
29%
*36
90
93/4
,1,800
30
6,000
200
9%
9%
*9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
1,100
*14%
143/4
*14%
14%
*14%
143/4
*14%
14%
143%
14%
14%
14%
300
5%
5%
5%
*5%
5%
*18%
19%
*18%
19
*28%
29%
*28%
29%
18%
*28%
5%
*5%
19
19
29%
*28%
5%
5%
19
5%
*283/4
55/8
1,500
19%
19%
1,700
29
29%
200
18%
20%
4,100
50%
28 3/a
3,600
19 %
18%
19%
19%
19%
19%
19%
19
19%
503/4
*49%
503/4
49%
493/4
*49%
50%
49%
49%
28
28%
28%
28%
28%
28
28%
*49
%
*%
%
hi
hi
*3/a
%
28%
%
28%
*%
hi
%
3/8
700
*1%
1%
*1%
1%
1%
1%
*1%
1%
1 %
1%
l3/a
1%
2,500
47 %
47 %
47%
47%
47%
475/8
483/a
48 %
48 3/4
48%
48%
3,100
112%
112%
112'/a
112%
112 %
*112%
47
112%
7%
*73/a
52
,
107
40
7%
7%
75/8
7%
7%
7%
1,800
51%
53%
52%
53"%
52%
53%
41,300
107%
*1063/4
1073/4
*106%
1073/4
*107%
107%
107%
X7%v
40
40
40
112
*110
112
*110
112
*110
110
*109
110
*109
*110
112
108
108
*109
110
23
24
24
3%
3%
88%
88 3%
88%
89
175/8
175/a
17%
173/4
23%
23%
23%
40
23%
3%
-
3%
89%
3%
*39%
89%
89%
90%
17%
17%
175/a
*23%
17%
*3
3%
*3
3%
13%
13%
69 %
69%
*69
13%
13
13%
13
75%
*74
27
74%
27
*74
11
10%
*103/4
253/B
25%
26%
26%
3%
*3%
*33
*74
11
11
11 Va
55
54 3A
543/4
26%
*26%
26%
26 3/4
26%
26%
3%
*3%
3%
3%
3%
33%
33/8
700
*25%
26%
*23%
26
26%
26%
23%
23%
23%
13
13%
13
13%
38%
38%
393/8
39%
26%
26%
2.000
*24%
243/8
200
13 Va
12%
13%
39%
39%
39%
40
39 3A
393/4
13%
13%
800
22%
32%
*21%
32%
22%
33%
1,100
*23%
23%
*23 %
23%
*23%
23%
12 Va
123/a
123%
12%
123%
12%
*33%
3%
*23%
233A
*23%
233A
*23%
23%
12%
12%
12V4
12 %
12%
12%
3%
3%
3%
3%
150%
3%,
32%
32 3/a
33%
33%
250%
150%
23%
23%
233/8
155
*150%
155
23%
23%
23%
:
*323/a
33%
150
33/8
3%
32 5/8
32%
33
33
33%
33%
33%
33%
150
150
23%
23
23
*150
/.
700
:•
153
500
1,300
130
5% Apr
!
Seagrave Corp
No
-
Inc
23%
24
23%
24%
38
38
37%
38
58
*57%
58
38%
*56 3/4
63A
7
6%
35%
111
*61
111%
*111%
110%
109%
3/4
112%
110
58
*35
36
*111%
293/4
29%
293/4
*111%
113%
*111%
7%
7%
7%
58 3/a
58 3/s
230
35%
500
113%
30
*351/4
112%
35%
111%
111%
*61
61%
112
1123/8
*111%
110%
*109
29%
*111%
1,000
58
58 3/a
*60
29%
5,700
39%
57%
*109
113
23%
39%
*57%
7%
57%
112 3/4
61%
109
29"%
%
38 34
*57%
109%
*60
*111%
23%
*38
58
7
7
355/8
23%
38
57%
113%
113 %
293%
110%
29%
112
112
61%
1123/e
29%
112
35%
*111
61%
*1U%
110
61%
112%
110
29%
*111%
5,600
100
120
140
29%
3,800
113%
100
%
3%
3/4
%
3/4
1,1
%
%
%
%
1,800
3%
33/8
3%
*33%
3%
33%
3%
3%
3%
1,500
44%
45%
900
*3/4
3%
7
*111%
29%
*%
235/8
38
*57%
57
*111%
3%
24
355/8
61%
*61
62
111%
36
113%
*111
6
57
57
*343/4
35%
111
*110
6%
57
57%
*57
23s/8
.
44%
44%
44
44%
44%
44%
4434
4434,
51
51%
50%
52
51%
52
51
52%
*44
51%
45
51%
36% Apr
13% Apr
24
423/e Jan
7
25
18 % Jan
22
153/4 Nov
24% July
Jan
28
23 •% Jan
3
22 3/s Aug
233A Nov
29% Feb
5
$1.20
Steel
&
Iron
preferred
Smith (A O)
&
20
Corona
22
No par
Corp.
10
23
__15
115
*113%,
115
*113%
8
73/4
V/a
7%
7%
5,300
*31%
31%
31%
3134
300
7%
7%
*31
31%
*31%
31%
31%
31%
31%
31%
*64%
65
115
*113%
115
3
10
35
6
5%
Edison
22% Apr 24
13% Jan 17
Gas
25
Co
preferred-
Ohio
&
stk
Sparks Withington
Spear & Co
$5.51 preferred
*
No par
1
No par
$5 pref series A
$4.50
Brands,
2
par
1
100
No par
No par
$4.25 preferred
Standard
No per
No
No par
Inc
preferred
No par
;
No par
Btandard Gas & El Co
No par
$4
preferred
$6 prior preferred
$7 prior preferred
No par
No par
No par
64%
65
64%
65
64%
65
64 %
64%
*65
65%
1,400
13%
X12%
13
12%
13
13
13
13
13 %
13
13%
3,600
9%
9%
9%
*16%
16%
8%
8%
14%
15
57%
*55
*124%
125
6%
6
For
footnotes
16%
9%
16%
8
8%
15
15%
57
57 %
124%
6
see
124%
6%
page
1879.
934
*16%
8
15%
*56
*124%
6
9%
17%
9%
*16%
9%
17%
8%
8%
8%
15%
1534
15%
57%
57%
125
6%
*124%
6
57%
125
6%
9%
*16 %
8
15%
*55
*124%
6
9%
17
8%
9%
*16%
8
9%
17%
8%
15%
15%
16
57%
57%
57%
125
124%
6
5%
124%
6
1,800
100
4.500
33,600
800
No par
preferred—I
Spring
Starrett Co
(The)
Stokely Bros & Co Inc
5%
Stone
prior
preferred
& Webster
Studebaker Corp
Sun Oil Co
30
Class
12.800
Sunray
A
No
(The)
pfd (4%%
Oil
Corp
No par
cum)
100
1
Jan
Dec
Sep
25
Apr
14%
Sep
153/4
Jan
30% May
153A
Jan
303%
4
52% Apr
35 %
Jan
7
12
62% Feb 29
Apr
49 3% May
42 Va
Jan
66
18
2%
Jan
2 3/a
Jan
Jan
3
4
Jan 26
53/4 Jan
6% Mar 16
Apr
6 Mi
6%
Jun
Sep
59% Apr 26
33
Jan
61
Nov
313A Mar 14
213/4
Jan
35
Dec
273/a Jan
6
23%
Nov
35% Mar
Jan
44% July
39% Mar 25
32%
60% Apr
56
May
3
Jan
5
73A Mar 13
60% Apr
5
35 Vi
Jan
38 3A Mar 13
1123/4 Mar 22
33
Jan
109
Jan
2
49
Jan
64% Feb
60
Sep
85A Sep
Sep
64
42
July
116% July
70
1143/4 Jan
10
112% Nov
117
Jan
28
107
Nov
110
112
31%
115
1
Mar 21
Mar
Jan
6
25
10
4Vs Mar 22
50% Mar 22
Sep
1007/a
Jan
fg Jan
31%
July
Aug
Dec
Dec
115% July
2V4 Mar
6% Mar
1%
Jan
9
Jan
38%
Dec
Dec
58% Mar 23
10%
Jan
443/4
38% Jan
11
28 3/a
Jan
40
343/a Jan
15
28 ya
Jan
55% May 5
43% Apr 12
46%
Jan
60
37 y8
Jan
45 y8
114
Feb
May
383A July
Sep
May
15
"5%
Nov
9% May
2834 Jan 18
623/4 Feb 29
323A Mar 22
25
Jan
31% Mar
65% Jan
58% July
113A Jan
9% Feb
15 % Feb
7% Apr
13% Apr
56
Mar
14
6%J^n 13
par
——1
Jan
30y4
10 3/4
111
10
5
1
20
Sterling Drug Inc
Corp
21 ya
29 Va
149% July
15% Mar 23
51% Apr 19
No par
Stewart-Warner
6
Jan
28% Feb 26
40% Jan
100
1
L S
Jan
132
32% Mar 22
32% Mar
25
Standard Steel
Jan
20 %
24 % Jan
7
3
Jan
4% Jan
3
5% Jan 26
55
Feb 14
28
May 5
23% May 2
36% Jan 26
56 3A Jan 27
6
Jan
3
50% Feb 11
33% Apr 20
110
Jan 28
60
Jan
6
111'A Apr 19
108 % Jan
6
28% Feb
9
110
Jan 27
3A Apr 15
23/4 Jan
3
33% Feb 10
40% Feb
8
35% Feb
7
No par
_1
No par
Sperry Corp (The)
Splcer Mfg Co
$3 conv preferred A
Spiegel Inc
Conv $4.50 preferred
Square D Co
5% conv preferred
Squibb (E R) & Sons
16%
2
Jun
Apr
40% Jan
100
Spencer Kellogg & Sons
6
Mar 14
35% Mar
150% May
5
3
23% Jan
*20
—100
tr ctfs
Apr
2% Jan
54
7.50
Railway
non-cum
Mobile
4%%
13%
15% July
3% Jan
_25
7%
25%
28% Jan
6
39% July
Jan
Jan
28% Jan
Jan
Jan
15%
1
141
Nov
10%
5
100
19
Jan
May
27 %
14
—No par
Greyhound Lines
28'%
28
xl3% July
45%, Sep
13'A Mar 17
27% Jan
Southeastern
Standard Oil of New Jersey
Standard Oil of OhiO_^
*1133/4
12
27
Mar 13
35"% Mar 16
South Am Gold & Platinum
South Porto Rico Sugar
8% preferred
12,800
7%
Apr
Jan
28
4
24,400
7%
3
12
Typewriter_No par
Socony Vacuum Oil Co Inc
43
*113%
Apr
15
53 %
7%
5
No par
Corp—,■_*
53
115
Jan
Jan
43
7%
2 3/a
Jan
_25
*113
27
Jun
10% May
Standard Oil of Indiana
2.9Q0
Jun
16 y8
Standard Oil of Calif
43
29
21
22,200
55%
Jan
12
33%
43
Oct
173/a
263/4 Mar 14
33%
553%
57
12
13% Apr
36%
42%
10%
Jan
8
33%
553%
73% May
Jan
19
35%
42%
Jan
Jan
53/4
31%
Apr
33 %
55%
4
643A
4
10% Feb
36 %
553%
28% Apr
73% July
16% May
24% Apr
33%
43%
5 *
17% July
Jan
23
3534
5434
Jan
Jan
Jan
8%
No par
33%
43
75
9
54
No par
Oil
33%
55
Apr
5
14% Mar 13
Slmonds Saw & Steel
35%
43%
163% Mar 16
73
6
Simmons Co
Sinclair
32%
54%
2
3
Jan
20
35%
43
Sep
3% Apr
3534
54%
Jun
Dec
18
33 3/a
433/4
Jun
4'A
Jan
33
115
Mar
26%
18%
11% Mar 16.
35%
'
Feb
112
903/a
543/4 May
33 %
53
115
Dec
Jan
72
5
Nov
Jan
Jan
4
Silver King Coalition Mines
Feb
Jan
13
May
63% Jan
24
2
43
10 Va
12
15
16%
Dec
1073/4 July
59%
0,
353/4
*42%
Jan
Dec
5
3% Mar 16
27
35%
37
96
36%
19% Mar 20
913/4 Jan*
Jan
32%
4,500
5
25 3/s Mar 17
9% Jan
51%
36%
52%
16
48% Jan
'
24
42% Feb
—No par
51%
58
xl08% Mar 23
Jan
(W.A) Pen Co——No par
60
38%
6
84
No par
51%
24
44%
7
59 3A
*563/4
Sep
12% Mar
Jan
14
51%
20
Nov
Feb
593/4
300
6 3/s
193/4
2% Jan
513A
63
1
16% Feb
No par
Oil
114
54% Mar 31
par
1
Sharpe & Dohme——
—No par
$3.50 conv pr«f ser A
Nq. par
Shattuck (Frank G)
l3/4 Mar
3
5
Roebuck & Co
*58%
28
Jan
109%
51%
28
8% Feb
105'/a
105
593/4
59%
24
6
51%
28 3%
113% Jan
35
8
*58%
28%
36% Mar
Jan
51 %
28%
27% Nov
Jan
59%
*28 3/8
32% Jan 11
112
51
28%
18
110
59%
28%
Feb
3
59%
28 3/4
50% Aug
16
51%
*28%
18%
Jan
19
10
59%
64
Jan
Feb
Feb
No par
29
11%
43
23
Jan
No par
*28
Oct
Jun
9% May
Dec
51% Apr 11
5
21% Jan
Southern
100
28
109
Southern Pacific Co
6
21%
Jan
108
Southern Natural
*5%
Jan
Dec
par
1,000
*59
5%
20 %
13
37% Mar 16
No par
14,900
6
Oct
12
July
17% May
193/4
No par
No
$4 preferred
24%
59
Jan
17
105
No par
23%
*5%
6 3/4 Jan
3
195/a Mar 18
x30% Feb 10
7ya Jan
9
Jan
7
100
;
235%
6
20
38% Feb
5
23%
65
18
14% Apr
Jan
14% Jan
—5
23%
*5%
3
3y8 Mar
23
&SQ
Jan
8
23%
6
29
13
Jun
110% Jan
23
65
14%
100
233A
*5%
Sep
47 V4 July
23%
*59
12%
8% Feb
7
153/4 Feb
10'/8 Mar 18
Jan
233/B
5%
3
4
1,100
65
Jan
483/4 May
51%
■
13
27
29,700
5%
39% July
433/8 Jan
13%
*59
Feb
No par
28 3/s
6%
32%
343/8
Jan
13%
*5%
Jan
25
Jan
273A
*59
25 %
38% Jan
A
23%
■
11% July
30% Mar 22
3
4
%
14
1,600
Jan
3
May
3
28%
4%
5%
Jan
8% Jan
3
273/4
434
Jun
3/4 Apr
23% Apr
*133/4
4%
Feb
70
20
14%
434
Feb
A Mar 17
283A
434
98
% Jan
14
434
Dec
28
28%
4%
Apr
76
Dec
10
14
43/4
Oct
9%
100
283/4
4%
88%
Jan
100
14
4%
Jan
5%
36
pat
28%
45/a
73%
Marl6
14
4%
Apr
20% July
1013/4
10
283/4
180
10%
Jan
28
1
10
14
4,100
Jan
153/a July
28%
52
Jan
.
933/4
J
Seaboard Oil Co of Del
Union
4%
14
95 %
:
Paper Co
$4.50 preferred
Sheaffer
Dec
Jan
13%
60%
17
Oct
743A
Jan
28%
51%
Apr
93
Jan
Nov
13%
*59
95
Jan
7%
28%
23
18 3/a Mar 16
69%
42%
80
Southern California
23
10% Mar 11
Jun
59%
Safeway Stores
5% preferred
Smith
17,800
3%
33
33%
150%
23%
33%
110
3
933A Apr 24
Sep
May
Apr 21
preferred-
non-cum
Sloss-Sheffield
133/4
*21%
32 Va
32
19%
71% May 2
12% Mar 13
Skelly Oil Co-
*13%-
*13%
*21%
32
20
Jan
Francisco
Louis-San
Shell
137%
Jan
12
45
Joseph Lead
2,300
14
135/0
223/4
31%
333A
44.300
V
22%
13%
22%
33
•
32
14
23
31%
333A
1,500
24 %
*31%
33
27
26 %
*22%
333A
140
12%
32
33
3,000
24%
14
3%
300
11%
55
26
23
33%
75%
11%
13%
*313/8
*32%
*74
*54
24%
*13%
*133/4
75%
13
/,
*223A
.,
3,000
*54
*23
25%
370
13
*103A
383/4
13%
14
69
12%
11
13%
24
*22%
13%
69
13
75%
53
*3%
3%
1354
69%
54%
53
26%
*3%
13 3/a
Jan
14%
2
No par
Sharon Steel Corp
$5 conv preferred
13%
69
12%
6
193A Mar 17
167/s May
90% May
Dec
90
No
$2.50 conv preferred
9,900
13
86% July
8
Rustless Iron & Steel Corp
Sears
69
Jan
3
4
3
Servel
123/4
20
Mar
Jun
Nov
4
26
6,900
69
80
15
Jan
2,700
13%
Jan
Jan
25
17%
13%
66 %
8 3/8 Mar 16
17 3/4 Jan
(The)
90%
12 3A
127% Feb 14
3
Ruberoid
17%
69
74%
1,100
Nov
6%
Jan
.
6%
30
3
Corp
No par
Company
No par
Roan Antelope Copper Mines
Royal Typewriter
1
tSt
35
Jan
Richfield Oil
St
32
Aug
.22% May
Jan
Jan
85% Apr
1
Ritter
Co
Jan
Jan
63A Jan
84
26%
Dec
63
Co
90
133/4
*52
3%
18
24
25
Jun
3%
102% Mar 24
97% Mar 14
87
_10
17%
13
103A
3%
700
Apr
15%
10
_
Scott
~20
2334
8% Apr
16
1003/4 Feb
100
Common
90
69
7434
2334
24
7
Jan
100
Reynolds Spring
Reynolds (R J) Tob class B
Mfg
9
70% Jan
Jun
11%
Jun
No par
300
40
x83% Mar
29%
22 3/4
15% Apr 24
5
19
101%
Jan
7
Feb
5
Feb
14% Apr
Jan
21
Jan
70
11% Feb
54%
Jan
3
18
10%
143/a
50% Jan
100
preferred
17%
133/4
52%
40
10
12% May
71% Oct
Jan
Jan
263/a
7
1
preferred
conv
895/s
/'
69
.
40
3
Jan
3%
20% Mar 21
Jan
No par
100
preferred
Rheem
7
Apr 26
30% Mar 21
47/8
59
37
90
No par
100
300
110
112
110
23
*39%
1
Inc
prior pfd ser A
Copper & Brass™;
5V*%
303/a Mar 14
3
13
57/a Jan
100
conv
5% %
17
31%.Mar 22
15% Mar 13
27% Jan
25
RR_.
Savage Arms Corp
Schenley Distillers Corp
5% % preferred
112
*109
*110
10%
270
543/8
107%
*39
52%
113
7%
*10 0
74 %
*112%
52%
*110
*12%
113
7%
107%
107
*39
*112%
54%
7%
53
52%
113
28%
Saratoga
Reynolds Metals Co
20
19%
*49%
28
*5%
19
29%
19
29%
with warrants
&
Motors,
7%
1073A Jan
100
1st pfd
Republic Steel Corp
6% conv preferred
6 %
12
Mar 10
93/4 Mar 16
323/4 Jan
5
& Co
Preferred
Revere
2
74
100
(Robt)
Reo
Feb
10% Jan
15% Jan
2nd preferred——50
Hosiery
Rensselaer
20
14%
28
1
270
37%
14%
3
No par
10
140
11%
29%
12% Feb
25
Reliable Stores Corp
90
88%
*35%
3
Remington-Rand
900
7%
102
' 7%
71%
71
12,800
*101 %
*92%
93
1,300
16%
102
7%
7%
70%
8%
16%
*95
95
7%
70%
-
400
*90%
16
27
28% Jan
Reliance Mfg Co
153/a
16%
101%
Inc.
Silk
Reis
660
163A
91
85 Va Jan
Preferred
16%
:
100
No par
__1
preferred—
non-cum
Real
100
5
24
preferred
4%
100
8
120
19
15%
19
*112
30%
18
7% Apr
Reading Company—
50
4% non-cum 1st preferred—50
200
16%
8%
93
$2
1,800
38%
conv
Rayonier
1,300
17%
163/4
163/a
94
70%
14
14
16%
102
•*V 95
'
133/4
6%
8% Apr
—1
Raybestos Manhattan
300
89%
16
7%
133/4
Corp of Arner—
$3.50 conv 1st preferred
Radlo-Keith-Orp" mm
450
...
90
*1013/4
102
29
16%
8%
8%
1614 *
16%
*101%
89
29
*29%
120
583A
88 %
29%
*36 3A
173/a
*112
58
89%
♦28 3A
30%
7%
*36 3/4
*293/8
30%
89
38% •'
17%
36%
883/4
29%
133/4
14
38%
*112
89
Radio
20,000
*28%
29%
14
*363A
17
8%
89%
*28%
30%
30
30%
*29%
*70
9%
9
-
3
10
1
19
19
29
121
Jan 27
5% Feb 15
9%
Mar 22
6
66
May
11
7ys
Jan
14%
113/b Mar 14
4%
Jan
14
July
xl7
Apr
Jun
14%
Dec
2
53A
Jan
10 3/4
Sep
May
16% Mar 13
5%
Jan
15%
Dec
48 %
Jan
17 % Mar 14
9 3/s Feb
60% Jan 21
125
Mar 18
6% Apr 21
122
4%
63% Mar
Apr
130
Sep
Nov
6
Oct
THE COMMERCIAL &
1878
Monday, May 8, 1944
FINANCIAL CHRONICLE
Range for Previous
STOCKS
LOW AND
April 2!)
$
$ per share
78
>
78
20%
21
10%
77a
,
73/a
7%
73/a
7%
6,000
193A
7%
1974
772
197a
193/4
197a
*1972
197a
2,000
79
79
80
78
79
79
,217a
21%
*2174
217a
*217a
3074
*31%
317a
317a
107a
31%
10 7a
307a
10'A
10
10
30%
*10
217a
31%
2974
10%
*10
10
22
900
; 1.000
307a
3074
30
30
297a
307a
:1
30
307»
307a
30%
283/4
29
4,200
28%
287a
28%
Sylvania Elec Prod's Inc
287a
287a
28
2874
28%
28%
3072
287a
Swift International
307a
2,500
303/a
307a
30%
30 %
307a
30%
6 78
6 7»
67a
674
67a
63/a
4,100
6%
6'/a
6%
6%
7%
7%
48
*45%
4%
107a
*774
8
*7,%
8
*774
48
*45%
48
7*45%
5
*4 7a
5
11%
11%
113/a
4872
487a
483/4
6%
48 %
57a
6'/a
6%
6%
33 74
337a
67a
33%
33
33
33%
33%
177a
33
33
33
33
1874
187a
187a
18%
18
18%
18%
18%
18%
18%
97a
10'/a
10%
10
10%
10
10;
9%
10'/»
22%
22%
*2172
9%
22
22
17%
*55
55%
*55
109'/a
*108%
7%
7%
7%
*4%
12%
*36%
37
*21%
22%
22
22 7e
*17
177a
*17
173/a
100
557a
557a
*6 3A
108%
7%
774
12%
*1178
*38
38%
38%
272
272
2%
27a
2,800
197a
20
20
207a
700
14%
14%
14%
143/4
6,800
12%
1,900
39
2%
20
14%
20
20
20%
207a
*19%
20 5/a
14%
*19%
14%
14%
14%
147a
147a
143/4
10574
1043/4
105%
105%
10572
263/a
2674
263/4
267a
265/a
*26%
263A
1,400
44
44
43 3/4
433/4
433/4
433A
1,500
105
105
105
105%
105
*26%
26%
*44
44%
2 6 3/8
4474
263/a
44
26%
4374
4474
87a
87a
106
9
87a
9
20
8%
8%
*183/a
1872
18%
197a
197a
20 74
18%
183/4
193/4
*18%
*123A
137a
*123/4
137a
*12 74
133/a
*12%
137a
3%
37a
33/4
3%
33A
3%
3%
3%
33/4
92%
3%
3%
92%
4,300
420
927a
93
92%
93 7»
93
92
92
103A
107a
10%
*1072
10%
103/a
107a
10%
*153A
16 T 7
167a
1672
16 3%
1672
16%
16%
1672
16%
2374
307a
23 74
233/a
23
233/a
23
233/a
23%
23%
8,600
3034
307a
30%
307a
307a
31
30'%
31
23
227a
31%
307a
*101
102%
7%
*10174
7%
90%
90%
9%
9%
*9 7a
54%
543A
54%
97a
1013/4
*10174
8%
8%
—5
95%
987a
93/a
9%
9%
93/a
9%
1,300
67a Feo
8 3%
Jan
35
Jun
45
Apr
51% Mar
Jan
3
11
Jan
133% May
533% July
1474 Feb
8% Feb
Feb
474 Jan
19
61% Feb
11
1 Jan
2
Jan
25'
43
217a Feb
>ferred—-_.—
No par
prior pfd———No Par
Twin City Rapid Transit——No par
.100
7% preferred
Jan
153/4 July
3
Jan
23%
Dec
103'% May
343% Mai
25
405%
Jan
63%
Jan
10'/a May
1574
Jan
253% July
1174
Jan
17a
Jan
143/4 Feb
V
24
43% Mar 13
11
3
69
Mar 22
94
,
6'%
Jan
1278
Mar 25
Jan
.
177a Mar 21
1
17'
243% Apr
5
'
3
321% Apr
5
> 25
Jan
1033/4 Apr
11
99
Nov
8'% May
5
5% Jan
102
4
.
5
67
8% Jan
6
10% Mar 13
59% Mar 28
42
Mar 11
93% May
July
243%
34'% July
101
Oct
Jan
93%
jun
773%
jun
6% Jan
—1
Co—
Apr
May
Jan
4%
"
5
May
16%
90
f
4
68 74 Jan
July
50
43% May
Jan
Jan
100
Jun
93/4
9472
28% Jan
...
pi
263%
Jan
10
4
15% Mar
par
16
July
21'% Mar 16
4
Jan
8% Jan
:
par
—1
Mar
13
374 Feb
85
Dec
3
974 Mar 17
_
17% Apr 25
-.1272 Jan ; 5
1
15
343%
Jan
-106.,..„May
3
;
par
No
Jan
% Apr 24
87a Jan
—2
Jan
Feb
49'% Jan
3
par
Sep
6 3% May
291% Marir>
10.0,7ft. Jan
par
Jan
May
l'/a
147a Apr
3
-10
Oct
,
9 5/a
49
8'%
Mar 18
233/4 Mar 21
6
Feb
13
95
Jan
Jan
2674
3
.4
18% Mar
July
8
133% Mar
10
12
Oct
Dec
8
3974 Mar 18
3
327a Jan
v
3
,
287a July
Jan
4
23
July
13i% July
Jan
33%
471/4 Feb
-10
—.
52
16
874 Mar 20
19
11
par
-—No
2'%
16
Apr
;
par
...
35
2
Jan
par
—No
19 72 Mar 17
557a May
7
-25
—a
Jan
4
,
43
,
Transcont'l & West Air Inc
Transue & Williams St'l——No par
Twin Coach
533%
112
Tri-Continental Corp
,
14
Jan
31
92
1
Transit Corp,-No par
Cen Fox Film Corp
Jan
Feb
—5
$1.50
674
9
Transamerlca Corp_.
20th
265% Mar 21
6
..
;
Jan
Nov
57a Jan
preferred
Rayon Corp
73/4
16 3/a
par
„
Tubize
il 3/s Mar 18
par
-10
$6 preferred
Truax-Traer Corp
193% Mar 16
9
4
Products ;
—No
Thompson-Starrett Co.-.No
$3.50 cum preferred——Nf
Tide Water Associated Oil
84.50 conv preferred——No
V Timken Detroit Axle———
Timken Roller Bearing—-—No
t
4
18
13
Thompson
.
413% July
Jan
5074 Feb
.100
(J R)
Dec
83/a
123% Jan
——
Avenue
331/4
177a Jan
Preferred.
Co
23
357% Feb
par
Na
$3.60 conv preferred——No
The Pair—.—
—No
'■
Thermoid
.
.100
Thatcher Mfg Co—
i
1,940
102
957a
93/a
5 3%
6
Mar 17
49
—1
Texas Pacific Land Trust
Texas & Pacific Ry Co———
,
8,700
93%
8% Mar
5
6 3/a July
-+-5
—,—
$4.50
8%
99
1
19
101%
77a
974
974
.
*10174
77a
93
9172
91%
91
1013A
7%
77a
774
7%
*10174
102
*10174
102
7%
8'% May
323/4 Apr
4,400
22%
31
351% July
Jan
Jan
2,800
15%
*92
Feb
4%
Jan
600
10%
10%
10%
10%
92
22%
Jan
7,900
15%
92
5
73% Mar 13
3
3'%
137a
13%
*12 3/4
*12%
3%
33 74 Jan
Jan
8 3%
2,800
87a
8 3A
87a
870
106
87a
183A
87a
18
6
417a
Thompson
*43/4
*117a
2%
Apr
263/4 Apr
5
200
47a
12%
3772
23/a
2%
27a
23/e
5
357a
10
$3 div conv
363/4
47a
Nov
63% Mar 27
Third
*117/8
5
37
27%
ll7/8 Jan
200
12%
*43/4
*117a
2
501% Jan
~70
5
*4%
323/4 Feb
July
.7
4672
*45
467a
*45
Nov
10
33
28
2,100
7%
377a
4%
37
73/a
27'%
472 Feb
260
109
*108%
7%
4672
*45
46%
*45
109%
7%
774
Jan
1072 Mar 29
7%
*7
77i
*7
*108%
110
*10872
7%
22%
457a Feb
'
55%
557a
557a
557a
774
*7
774
10872
5574
31% Mar 20
-25
800
1772
12%
127a
*36
2%
*2%
227a
*17.
7%
4672
478
4%
*11%
*22
17
1117,.
*45
46%
*45
2,600
22%
7%
*7
7%
*7
109 '%
2.900
97a
17
5574
Jun
3
No par
Corp
(The)
Texas Co
2,200
557a
*16%
12'%
2774 Jan
..Texas Gulf ProducingNo par
Texas Gulf Sulphur——No par
-10
Texas Pacific Coal & Oil—
,
6,400
:
173/a
*17
Feb
3
18%
•
Jan
43/4
12
33%
97a
Jan
26%
3
600
6
6
143/a
5
113% Mar
Jan
1,500
6
3274 July!
Apr
243% Mar 22
Jan
6,400
6
May
317/8 May
7
11
82
4
474 Jan
49
May
Feb
28
42
11
22
25
-50
48%
12%
Jan
583/4
2
Jan
872 Jan
—9
117t
483/a
73%
33/4
19% Apr
partic preferred
Telautograph Corp——
Tennessee Corp————_
48 3/4
*11
share
per
29% Jan
Ltd
57a %
5
5
47a
47a
*4 7a
477a
Highest
per share
Mar 16
8474 Feb
3
Talcott Inc (Jagnes)
48
*117o
21
27
Jan
share-;
83/a Mar 16
3
200
8
*45 7a
11
.
48 3%
6
*5%
8
48
5
11
48%
48%
48
*4 7a
4%
10%
*7%
*45%
7%
7%
*453/4
Symington Gould
$ per
2734 Jan
307a
307i
67a
1772 Jan
72
23
Co
Swift &
5,100
297a
6%
572 Jan
Co—
Mining
29%
.
Par
;•
Lowest
Highest
$ per share
—10c
Superheater Co (The)—.—No par
Superior Oil of Calif
25
Superior Steel Corp—
i,
100
Sutherland Paper Co_.
10
Sweets Co oi Araer (The)
12%
200
317a
10%
Lowest
•'V
'* "•
Sunshine
400
78
'
*78
*2074
31%
31%
31%
;.
share
Year 1943
Range since January 1
STOCK
EXCHANGE
Shares
share
$ per
80
21
10 %
$ per
NEW YORK
for
the Week
*
share"
21
*77 %
31l/2
77a
1974
19
183/4
191/4
May 5
May 4
$ per
$ per share
77a
7
7%
*7
19'A
May 3
Sales
Friday
Thursday
Wednesday
May 2
share
per
HIGH SALE PRICES
Tuesday
Monday
May 1
Saturday
8
113% Jun
u
*9%
97a
9%
78%
783/4
7774
*114%
116%
*111%
113
18%
*115
1167a
*11574
*11172
113
187a
97%
111
*110
112
*61%
62
*23%
24
1
32%
131/8
100
99%
61/2
*6%
6
-
7974
11672
*11574
1167a
*11574
11672
113
*111%
113
97
9774
267a
267a
273/4
-
63
*24
25
123A
•
*48'A
17a
-
387a
2774
13
*674
71
112
is
13%
137a
*1678
1672
16%
71
.
717a
71
*6%
10
*10
/
*46%
4774
*47
'
*34%
353/8
*34%
353A
*35
*5%
110%
110%
5%
57a
433A
1%
4374
44%
353/4
36%
1037»
4%
8%
♦1017a
16%"
167a
*71%
*174
<
10374
4%,
9
167a
72
3572
*1078
10%
10%
47%
47
1,200
U S Gypsum
353A
36
1,300
36
35%
3574
20
:
300
53A
*5%
57a
*5%
57a
*5%
5%
100
217a
2172
21%
217a
21%
217a
3,500
110%
574
5%
1103/4
*1103/4
112%
*110%
574
5%
5 5/a
5%
53/4
*9%
9%
*9%
97a
97a
3274
3274
*32
327a
32
*42 7a
43%
*42%
437a
*42
974
37
.
*174
1%
447a
447a
-
377a
1%
45'
13774
174
448/8
*
137%
*36
1%
457a
138
138
.
93/a
97a
93/a
32
*32
*43
45
..138
*137
•
533/a
53%
53%
54%
*533A
54%
533/4
*7074
70%
70%
7074
707a
707a
*;693A
51
51%
517a
517a
52
515/a
5274
51%
527a
125
125
125
125
12474
227a
2272
227a
22 3/4
45
45
45
*
1247a
;
513/4
1247a
125
U S
600
U S
1,800
U S
13,100
463/a
45
45%
138
U S Pipe &
100
l3/a
1%
l3/a
1373A
300
,
1,700
54
70%
800
52%
.15,700
1.500
125
2272
22%
22%
22%
22%
4574
447a
45
45%
•
22 3/4
*443A
Co—
Lines
45%
1,100
U
S
Rubber
Co
.-10
U S
U S
—
Preferred
U S
No
1.
3%
37a
33/8
37a
3%
37a
37a
3%
3%
374
3%
1,200
2%
23%
2%
27a
2%
2%
27a
27o
27a
27a
27a
2%
6,500
No
*847a
*84 7a
*15%
15%
15%
86
*8478-
86
*84%
86
*84%
86
157a
*15 7a
16
*15 7a
16
*1572
16
37a
37a
*3%
37a
37s
3%
*3%
*34%
36%
*347a
367a
*34%
36%
*347a
*69%
70%
*70
70%
707a
167
*166
167
*165
167
*165
;
.
*166
4
.
4
17/„
37a
*3478
36%
*34%
70 3A
70 3A
167
*166
167
18%
18%
18 3A
18%
1874
18%
19
187a
18%
10
1074
10%
10%
107a
10%
107a
103/a
42
4
*166
18 s/8
*10
43
*41%
117%
13
*12%
127a
*1274
*42%
43
*42
43
42 3A
42%
*42
42%
*72
76
*73
76
73
73
*71
75
*71
75
*72
77
*72
227a
*2274
22%
127a
*12 7a
*42'%
43
*72
76
*22
23
227a
47a
4%
55
116%
5574
55%
116
76%
*73
.
Van
600
Van
77
127B
117%
*116
227a
47a
5672
11774
*73
'
227a
*
4 7a
*557a
11774
13
7674
*73'
77
22%
*22%
2272
474
56%
116
116
*45
47
4%
56
47a"
56
42
117%
13
227a
*4%
*55%
116
115
*45
47
*45
11572
42
117%
13
4%
56
1157a
>
*116%
117%
70
*1278
137a
7.00
423/g
400
42%
*4
55%
1137a
4%
56
114%
44
*44
*38 7a
39%
*383/a
39 74
*38 7a
3974
*38%
39 74
*38%
39%
*38 %
333i
337a
3334
*33 %
33%
3374
3334
3374
333A
! *33%
333/4
110%
110'A
10
,
400
300
900
410
39%
33%
44
47
*106
115
109
109
110
110
*140
170
*140
170
*140
170
For
footnotes
see
page
1879.
"143
147
47
*45
47
110
110
*110
115
*143
170
*143
170
Vanadium Corp
1,000
43%
417a
117%
117%
7674
>1,700
10%
10
1,100
80
—;
Raalte Co Inc
Jan
25
173/a
Jan
14'% Mar 13
7%
Mar 28
36% Jan
10
Jun
15'%
96
9
577a Mar 13
38'%
Jan
107a Apr
6
57a
Jan
Jan
6
233/4
Nov
60'% Mar
81'% Mar 16
<-
2% Jan
393/4 May
1043% Feb
Sep
Dec
Jan
July
,
9'/a
35
Jun
Apr
76'%
Sep
2'%
Jun
27a
Dec
3
163/a
Jan
293%
Dec
21
99
.
Dec
3'/a
Jan
100
Dec
57/a
Apr
43%
Jan
1374 May
84'%
Jan
99'%
97a
Jan
19
5
59
Jan
753%
Oct
Mar 13
168
Dec
1817a
Apr
1074 Mar 18
75
66
>
3
53/a Mar 16
180
Jun
2'% May
353% Sep
Dec
;Jan
1
17
.
Dec
Julj
lO'/a
Oct
111% Jan
17
5%
;7
471/4 Apr
3
393%
Jun
441% Nov
30
Jan
x423% July
Jan
Jan
.<■
3474 Apr 24
Jan
-3
397a Mar 13
Feb
28
4
233/4 Feb
26
21
108
•7
19
!167a Jan
5
10
57a Apr 24
87/a Jan 25
110
.
•
.
.
Feb
303/4 Apr
18
137a
Nov
9%
297a
Jan
34
Mar 13
46
Mar
20
Jan
25'%
Jan
27a Jan
13
527a Feb
7
58
Jan
11
70
Jan
6
73
Jan
24
22
138'% Mar
125
Apr
25
62
Jan
74
Jan
593% July
Jan
17a
Jan
74
3
Oct
88
Oct
6
137a
Dec
20 3% July
18
27a
Nov
307a
Nov
6'% July
41'% July
4
4
4% Jan
Jan
Apr
162
■
4
27
Mar 20
363/4 Apr
10
75
Feb
16
169
Feb
25
59'%
150
Jan
Jan
15 3%
Jan
974 Jan
4
113% Mar 17
87%
Jan
Jan
' 3
43'% Mar 20
25'%
Jan
1163/sJan
28
173/4 Jan
2.50
5
37
4
127a Apr 26
25
115
Mar
75'% July
1657a
Nov
253% July
127a Feb
377a
120
Oct
Oct
133/4 Apr 24
44'%
Oct
25
47
Mar
8
40'/a
631% Jan 15
Feb 11
73
Apr
3
51
Jan
65
76
Mar 27
57
Feb
67'% May.
267a
41'% Jan
•
213/a Mar 16
118 34 Apr
33% July
Jan
17'% Jan
68
Apr
503% Aug
Jan
10
31
Nov
July
56
4
Feb
par
.100
May
29
207a Nov
Jan
par
.
125
427a
3
No
.Jan
112
24
86
.
Sep
Dec
Jan
29
5
:
130
477a
23
13
3% Jan
Jun
647a
372 Apr
Jan
14% Jan
46'%
46
;
48'% Feb
2% Apr
-
July
Jan
243/4 Jan
'
,
37a May
101
8
5574 Mar 16
44% Apr 26
76
.*.1
42
44'%
483/4 Mar 21
7
>2% Jan 28
Jan
Jan
ii
Jun
37 7a May
297/a
32
6
393/4 Mar 18
Jan
223/s Apr
Oct
87a
130
•
Apr
10
.100
•
73%iJjApr
197a
114
8'% July
>2
par
Jan
Nov
•
50'% Apr 19
Xll9% Jan 27
Jan
43%
93/a Apr
3
3574 Apr
Feb
Jan
67/a Mar 23
19
40% Jan
*
112
Feb
Chemical
No par
.100
6% div partic preferred
Va El & Pow $6 pref_
No par
Va Iron Coal & Coke 5% pfd—100
Virginian Ry Co——.—
-25
6 % preferred
—1
-25
Vulcan Detinnlng Co
100
Preferred
100
Jun
69%
x26
Jan
29
Jun
22'% May
114
Jan
Feb
par
.1-1
May
333% July
27%
1
par
40
114'%
943%
3
Mar 28
28'% Mar
17
100
213% Feb
r Jan
Oct
97
87? Jan-, 4.
preferred——
Va-Carolina
11
40
100
Vertientes'-Camaguey Sugar, Co_6'%
Vick Chemical Co—
5
Vicks Shreve & Pac Ry
100
5% non-cum preferred—
1100
Victor Chemical Works
5
1st
17? Feb 26
10474 Mar
42
of Am——No par
Norman Co—
1%
Jan
4
No
—
Leaf Tob
preferred.;
8%
19
41%
117%
conv
Preferred
167
117 7a
41
41
117%
*73
Universal
36%
70 3/4
10'A
41
160
100
187%
10
..
1
-No
400
16
*70
10%
*4
*15%
367.
*18%
*40%
.
•
19
143% Jan
5
non-cum
.preferred
—-i.
Universal-Cyclops Steel Corp
Universal Laboratories Inc_
$6
86
70%
70
71
*84%
21
par
-25
United Stores class A——
86
-10
.100
-
Tobacco Co—
1%
Jan
—50
—
3%
180
.;
Jan
-50
preferred—
Steel Corp_:
Jan
5572
,il0
—No
i
10972
5
77a Feb
1
Smelting Ref & Min
Preferred
18
14
977a Jan
r
..20
—.—J-
8%. non-cum 1st
Jan
Jan
Jan
22
3
70
Foundry
16
Nov
68
9
170
Playing Card Co————
Jan
Feb
4
—1
;
preferredUnited Stodcyards Corp
*44%
2872 Jan
.
par
-20
—5
——
Plywood Corp
Realty & Impt
6
7? May 5
,7574 Jan 12
*xl%Mar .9
conv
Preferred
3774
*36
37%
U S
Jan
173%
98% Jan
preferred
.!——.150
U S Industrial Chemicals--—No par
U S Leather Co*———No par
Partic & conv cl A
No par
.100
Prior
preferred—.-;
—,—
5%%
300
43%
.
!
U S Hoffman Mach Corp
400
32%
437a
5372
124%
3,800
•
*
373A
1%
37
90
112%
5%
111
Co-
preferred——*
19
.100
^_-No
9372
73/a Jan
Jan
8
.
—No par
Freight Co_—
1%
47
707a
517a
U S
4
26
1st preferred—--—No par
$6
x24'%
11
27'A Mar 16
113
Mar 25
5
457a Apr
5
preferred —a.——100
Paperboard
10
U S & Foreign Secur
18
Feb
■*
Gas
1,500
10 3/4
*47
53
22%
5 %
19
9574 Jan
>
6
No par .,
Improvement——* ;
United Merch & Mfrs Inc.—
—1'
United
30i% Mar 13
3
127a Apr
United Fruit Co—,
United
3
31% Apr
—100
5
& Fdy_
Jan
17a Jan
1
Cos
24'% Jan
26
5
May
22
No par
....No par
:.
Electric Coal
797a
9
1133/4 Jan
4
-
Mar 23
61
No parr
United Engineering
220
-
—No par
No par
Co—————-5
Preferred
United
19
2074 May
110
Dyewood Corp—
United
1027a Jan
par
Jan
3
25
Jan
Oct
223% July
102'% July
Feb
106
114'%
Jan
Apr
1
-100
$4.75 preferred
175%
*70
45
3,800
72%
71%
*174
175%
18
No
Corporation—*
"S3 preferred—;
120
500
167a
167a
70%
124%
v
102 3/4
53%
*22%
5,200
;
9
102%
8 5/a
103
*70
*44%
15,700
4%
1074
4374
138
*137
138
36 3A
103%
4%
2,000
13A
477r"~
*47
36
*110
37
*36
1%
1%
1%
103%
3272
9%
*32
37
78%
217a
53/4
9%
773/4
2174
1107a
44
78
600
•
2 6 ®/8
19
24
18
Apr
Jan
28
1091/4 May
3
927a Feb
Feb
xll8
15%
80'%
98
93 7a Jan
——100
United
Drug
Jan
22% Apr
—
Carbon Co:
Uriited
I053/4
10
Co
preferred—
United-Carr Fast Corp
50
1,100
,
574
6
21%
213/a
32%
267a
x353/4
83A
9%
27
393/4
1767a
107a
4774
10
213/4
77%
7274
*71.
*174
107a
*467a
6
X27
1%
102
1674
71%
103/a
124%
600
Biscuit
conv
United
300
50
9%
93/4
47a
102
1767a
*174
17672
*174
47%
.
3,100
I
6 3/4
*48'/a
50
10374
38%
*8 7a
8%
*9%
13A
4%
102%
*10
*52
"11.000
13%
100
*997a
63A
10,100
333/a
33
337a
100
200
1%
1%
l3/a
300
25
*2474
25
5%
11
19% Mar 17
26% Apr
——
preferred
47a%
United
61%
61
61%
200
600
112
113 3% Apr
10034 Feb
:
United Air Lines Inc
21
*20%
*111
Jan
—5
100
Car
preferred
conv
112
*111%
20%
112
8,700
•
*16 7a
i.76%
874
103
102
16
-
*48
7772
*103-
4%
1027a
83A
8%
83/4
441/4
323/4
97a
1%
103
'
*4'%
4%
*4%
102
*136%
4974
9%
763/4
28%
3874
103
103
103
'•41/2
*1%
1%
*99%
67a
*27
13/4
17a
13A
38
38
*36
--
13
'
103%
*9'/a
•
327a
*6.%
10
97a
13/4
*32
*24%
■
100
48
50
9%
47
1%
*43%
l3/a
13
77
5%
61%
24 %r*
'
■
767a
*110
20%
*111
25
-
*9972
6%
67a
*111
20%
112
62%
32%
13
100
767a
21%
111
1%
32%
32
*997a
237a
5%
800
113
267a Apr
United Aircraft Corp
243A
*24
17a
1%
76%
*5%
233A
2,900
-
14
No par
Union Tank
,
11672 Apr
5
preferred—
non-cum
2,000
102V2
24
4%
19
3
Union Pacific RR Co
1,700
•
273A
1027a
*61
-
767a
*174
27%
1023/4
20%
*76%
15%
273A
102 34
111
111
273A
70%
273/4
10234
237a
243/a
277a
8%
273A
102 3A
277a
103
*61
.
5,000
110
109
9774
2774
*101%
10874
Dec
Feb
18 % Feb
July
113%
x76%
6.
863% May
"823% Jan
109% Feb
59
Jan
25
25
100
100
Union Oil of California
Jan
\
76% Feb
113
par
11
No par
Preferred $4.50 series.
1,400
18 3/4
27
273/4
*4%
10974
Co——No
Paper——No
Carbide & Carb
No
El Co of Mo $5 pfd
No
Union
~20
113
18%
187a
108 3/4
27%
38
183A
27
*27
*102%
18 3A
*1103/4
674
,
112%
18 3/8
•
*11172
137a
97a
170
9%
7874
21
327a
47
47
*46
par-
78%
112
100
100
Union
9774
l3/a
*13
4,600
277a
24
32
13 %
7
98
62%
1%
%
1%
32%
97» Feb
27
ill
112
24
par
78%
*207a
21
*61
Union Bag &
973A
233A
111
*110%
*110%
8,700
27
103
247a
*207a
107a
98
277a
277a
24
20%
10
267a
24
23%
10
107a
78%
1087a
1037a
20%
par
10
98
103
103%
*110
,
,1087a
27
277a
27%
27 %
*103
Under Elliott Fisher
10874
1874
98
267a
27%
*27
*1878
1087a- 109
98
3,100
*11574
11672
113
108%
97%
553/4
773A
7874
*11172
108%
7774
187a
55%
*11172
7874
18 3A
557a
5174 Jan
55
107a
97a
97a
97a
93/4
55
55
557a
55
55
70
2'%
Jan
63/a July
9
62'% Mar 24
39
Jan
68'% July
5
1173/a Mar 21
115
4
52
Feb
17
38 % Mar 20
33
Apr
Feb
Nov
Feb
38'% Feb
Aug
20'%
'7
113% May
>
2374 Feb
217a Jan
4
Dec
19
102
Jan ; 4
149
Feb
14
11
574 Mar 24
52
Mar
7
Dec
X123
207a
Jan
45
27
Jan
40
Aug
Oct
Oct
343/4 Jan
15
6
29'%
Jan
111
Apr
18
80
Jan
110
Aug
154
Feb
28
113
Jan
150
Nov
39'% Jan
353%
Sep
Volume
Number 4279
159
THE COMMERCIAL & FINANCIAL
CHRONICLE
1879
NEW YORK STOCK RECORD
LOW
Monday
May 1
Saturday
April 2!)
HIGH
SALE
Tuesday
PRICES
STOCKS
Wednesday
May 3
May 2
$ per share
$ per share
AND
$ per share
Thursday
$ per share
Sales
Friday
May5
May 4
for
NEW
the Week
YORK
share
$ per
share
50
$ per
Range for Previous
STOCK
Range since January 1
Highest
EXCHANGE
*48%
49%
600
Wabash
RR 4%%
Waldorf
Year 1943
Lowest
System
Shares
Par
$ per
share
Lowest
$ per share
$ per share
Highest
$ per share
w
50
50
51
51
*50
51
51
50%
11%
11%
*11%
11%
*11%
11%
ii y«
26%
26%
26%
26%
*26%
27
27
*106%
108
108
*106%
*106%
108
50
11%
11%
11%
*11%
11%
1,500
27
«"'•
27
27
*27
27%
300
700
Walker
108
*106%
*106%
108
108
*106%
4% %
*50
50%
50%
50%
*50%
50%
50'A
50%
50%
50%
*17%
18%
*17%
18'A
*17%
18%
*17%
18%
17%
17%
*17%
18%
8%
8%
8%
8%
8%
7%
7%
7%
1%
54
11%
10
8
8
9%
8
9%
*9%
1%
1%
1%
1%
;i%
*53%
54%
54%
54%
1%
54
8
*9%
10
*9%
,:
51
51%
10
10
1%
10%
1%
1%
55
3,500
1,900
$7
preferred
11%
11%
12
11%
12
11%
12%
12%
12%
12%
12,700
Warner
22%
22%
23
23
*22%
23%
*22%
23%
*22%
23%
400
22%
22%
22%
23
*22%
23
*22%
16
16%
16%
16
*25%
25%
*24%
'
*22%
16%:
*24%
25 %
22%
21%
22
21%!
22%
22
22%
21%
22%
22%
22%
10,500
89%
88 %
88%
88%
88%
88%
88%
88 %
150
100%
100%
100%
100%
190
21%
*88
100
*92
*17%
*105
17%
*105%
107
27%
27%
*4%
4%
94%
93%
93%
93%
93%
50
*115%
115%
115%
115%
240
West
17%
18
107
27%
28
4%
4
18
4
11%
11%
11%
11%
45%
46%
45%
46%
26
26
26
26%
26%
26%
21%
22
22
22%
22
22%
*95%
96
96
97
96%
97
131
131
130
2%
Jan
18%
18%
106 %
*106%
27%
27%
27%
4
*11
4%
*4
18%
4%
11
11
11
11
46,
46%
46
46%
6,100
26%
26%
26
26%
25%
26%
2,200
22%
21%
22%
22%
22%
6,100
98%
2,900
: 22
96%
130
Western
700
11%
46%
*129
98%
98
132
>.
98%
*129
132
98
*130
>
600
132/
4%
„
9
24
Mar
8
8%
Jan
20%
Dec
3
90
May
2
50%
Jan
85
Aug
16
101
13
67%
Jan
99
85% Jan
3
113% Apr
Ry
103
6%
Apr
Apr
49%
Oct
22% Jan
20
29% Mar 22
22
Nov
24%
Dec
24% Mar 13
15%
Jan
24 % May
x91
—50
127% Mar
32
Jan-
Apr
33
32%
32%
*32
33%
800
Weston
*27
28
*27
28
*27%
28
28
28
*27%
28
800
Westvaco Chlorine Prod
No Par
"*106
$4.50 preferred——
Wheeling & Lake Erie Ry
No par
65
106%
106%
*60
,
*100%
65
.
107
107
65
*60
*60
101%
*100%
101%
107
21%
21%
22
22%
21%
21%
70
70
69%
70
69%
69%
69%
19 %
20
*19%
21%
21%
'
20
19%
19%
22%
22%
106
106
*60
65
*60
102
102
102
21%
22
22%
69%
70%
70%
460
*19%
20
197A
200
22%
9%
23%
10%
5,800
8%
*8%
8%
8%
\ 8%
8%
5%
5%
5%
*8%
5%
*68%
69%
*68%
69%
*24%
25%
*24%
25%
8%
8%
8%
8%
8%
7%
7%
8
7%
8
*8
7%
*14
-v
i
9%
*83
*11%
11%
84
9
8%
Apr
Oct
20% Feb
7
22% Mar 16
18
Jan
24% July
66% Jan
28
72
58% Jan
71% July
15
Jan
20
13%
Jan
22% Aug
•
'
■
*11%
*120%
*19%
20%
38%
38%
26%
26%
■
*96
100
60
60
*11%
13%
13%
9%
11%
11%
300
20
20%
38
37%
37%
37%
38
26%
27
26%
27
26%
27%
*101%
114
*101%
114
*101%
114
100
*62%
61
63
63
79
79
*61%
63
63
63
*90
20%
*20%
100
63%
63%
••
100
*90
63
*63
preferred
conv
14
6
Feb
3
10
10% Jan
5
12 % Mar
63
63%
63%
63%
*63
64%
79
80
79
79
*78
81
65
65
*65%
66
66
66
300
29
28%
29
28%
28%
2.000
Jun
Apr"*27
Jan
2%
Jan
8
6
Jan
14% July
9% Sep
Jan
86%
Oct
11%
Apr
Jan
9
Jan
Jan
9
25
17%
Jan
3
39% Jan 22
30%
Jan
4
28% Mar 16
16%
Jan
Jan
27
105
Jan
12
96
47% Jan
5
Jan
5
63% May
63% May
1
87% Mar 14
70
49
79
May
58
Apr
26
Jan
27
121
Dec.
24 Va July
42% July
25% Oct
104
134
Sep
Jan
54
Jun
46
Jan
57%
Jun
78 %
Dec
58 Va
3
149
Oct
44%
3,
Dec
100%
Apr 28
Jan
Jun
4%
19%
94
Oct
9%
57%
16
20% Jan
105
Apr
6% July
2% Jan
36% Jan
100
Oct
27
Mar 10
22% Jan
7%
86
10
;
Jun
10% July
Jan
115
pfd 4%% series
100
Prior pfd 4% % Conv series—100
Wright Aeronautical
No par
Wrigley (Wm) Jr (Del)
No par
210
65
Jan
No par
100
preferred B
112%
*20%
100
Prior
700
64%
10
Jan
2%
40
10
preferred A
6%
14% Apr
88% Feb
Co
1%
3%
Mar 15
4
pfd_.
Worthington P & M !(Del)
1,600
Mar 23
-3
8
-
8
6% Mar 13
Jan
Woolworth (P W) Co
63%
12
11
80% Jan
Co.
Woodward Iron
700
100
63%
12% Jan
10
24% Mar
No par
i
preferred
Wilson-Jones
114
*90
63%
Motors
6,200
28%
*63%
4% Jan
1
Oil & Gas Co
4,900
*
79
79
5
25% Apr 17
9% Apr
5
8 % Apr
6
24
20
Wisconsin El Pow 6%
37%
20%
6%
$6
*121
.
27%
*20
-
600
20
82
27
par
Wilson & Co Inc.w__i*.-i_i.—No par
6,900
-
38
62%
Jan
1
preferred
Willys-Overland
800
9
84
11%
11%
11%
*121
14%
9
84
84
84
*121
14%
9%
9
84
Wilcox
1,600
18,100
20
*80
60%
14
8'%
26%
*92
73
200
8%
11%
62
24
25%
37%"
100
26
25%
27'A
60%
Jan
*25
20%
*91
24
5
25%
84
*120%
*101%
7% Jan
20
No par
No
7%
19
X64% Jan
White Rock Min Springs
7%
20% Apr
7
White Sewing Mach Corp
$4 conv preferred
•8%
7
Feb
—1
10
Prior
Feb
18
Mar 17
Jan
J
.1
.
—
2,400
38%
114
\
•
7,900
26%
*101%
ty
•
6%
37%
*20
114
*101%
.
■
69%
14
:-9%
84
11%
11%
*120'A
14%
8%
.
.
„
White Motor Co
5%
7%
106%
99
69%
8%
108% Feb 26
60
5%
7%
29% May
Jan
69%
*8%
NOV
Mar
*5%
8
22%
52
*68%
8%
16
85
5%
7%
Feb
67% Mar 22
69%
*25
29
102% Mar 22
*5%
8
..
84
84
.
25
14
9%
9
.
84
25
14%
14
14%
9%
13
July
3
25%
5%
69%
July
12
*68%
"
5%
*68%
Jun
40
19
Wheeling Steel Corp
-
*19%
22%
9%
136
Jan
59% Feb
preferred
conv
.
22%
Jan
31
97% Jan
-
22%
120
Mar 16
Jan
105% Jan
5%%
•
22
100
25
35
99% Mar 21
100
•
2,500
69%
20
22%
21%
70
Jan
133
4
.100
~70
21%
81
8
No par
$5 conv prior pref—
No par
White Dental Mfg (The S S)_—20
80
65
*101
101%
*19%
22
106%
106
65
101%
21%
14
7
25% Jan
-12.50
5% Mar 22
7
24
Feb
*32 %
101%
Dec
ll7/a
33%
*60
Oct
Sep
31%
Oct
106
106
16%
110
Jan
28
*100%
Jan
Jan
*32%"
%
Jan
19
2%
.-50
preferred—
103
5
5%
32%
Instrument
11% Jan
4
Oct
Jun
37 Va
21
Elec
14
Apr
32% Jan
Oct
87%
119
Mar 22
No par
partic
20% Jan
107
Jan
Jan
50% Mar 22
No par
1st
10
3
;
Westlnghouse El & Mtg—
57
109
96% Mar 23
Nov
10
7% Jan
41
Westlnghouse Air Brake
30
Jan
5
Feb
2nd' preferred-—100
Western Union Teleg class A -No par
Class B__i
1
25
Apr
117% Jan
4
Feb
26% Apr
3% Jan
—100
.
1
16% Jan
10
Maryland
26 Va July
79%
96% Feb
___100
non-cum
Jan
Jan
Jan
—No par
;
-
17%
69
83
100
Supply Co
Auto
8 % July
24% Mar 17
83
6
18% Feb
pfd—*100
Pulp & Pap Co
Sep
Dec
July
Jan
100
preferred
Western
6,000
45%
■
6%
30
27%
4
West Va
1,300
107
8% Mar 22
Apr
77
.—1
preferred
3
,
7%
22% Jan 26
.
No par
Penn Power 4%%
6
6% Jan
par
Jan
*32
*27%
•
26
23
33%
*32 r,<;
*
18%
106%
27%
27%
4
11%
»•
18%
107
*106%
■
45%
131
Jan
preferred
6%
115%
July
17%
Indies Sugar Corp
7%
May
2% Mar
56
27% Mar 16
,__1
West Penn Electric class A—No par
*93%
*10%
'
West
13
23%
par
—5
preferred
conv
115%
*45 %
*129
$4
94
27%
4%
101
200
115
*105%
107
27%
100
500
!'•:
115
i7%
*17%
•
100
2,900
•
*93
115%
*115
115%
-
90
99%
94
*92%
93%
114%
89
88%
100
99%
8
23
Jan
20%
No par
82%
7%
23
26
Jan
No
*81%
Mar 13
3
Jan
Wesson Oil & Snowdrift
7%
22%
Mar 31
Apr
12%
Wayne Pump Co
Webster Eisenlohr
82%
2
60
15%
100
7%
Jan
11% Mar 31
9
7
25'A
22%
*81%
Jan
%
27
27
Jan
Jun
4
25%
8
4%
Jan
1% Feb
45
Oct
9%
19% Jan
25%
82
Jan
23% Jan
*24%
23
4%
22% Apr 25
15% Apr 25
25%
7%
9% Mar 17
.
No
*24%
82
3
15% July
25%
23
18% May
32%
Waukesha Motor Co
8%
Jan
Jan
900
8iys
54%
15%
Dec
500
22%
Jun
Jan
5
22
22%
8%
109
38%
Feb
14
16%
81%
Feb
Mar 31
18
24% Mar 22
16%
22%
100
8%
103
53
19
22%
82
13
4
12
24
16%
23
8%
106% Apr
Dec
11% Apr
23
*22%
11% May
28% July
22% Apr
16%
*81%
8%
Jan
5
16%
82
40%
Jan
No par
16%
23
Jan
7%
20%
Feb
8
50
Pictures
24%
11
7% Jan
par
16%
*81%
-
Bros
59% Mar 13
12% Mar 8
27% Feb
17% Jan
No par
No
Fdy & Pipe
Washington Gas Lt Co
*22%
8%
48
par
_
Warren
*22%
.
No
Ward Baking Co cl A
Class B
500
1%
23
'
3
19
26% Apr
1
105% Mar 27
100
Walworth Co
*22 %
12
Jan
10% Jan
par
preferred
3,600
10%
58
40
par
No
Div redeem
58%
*1%
56%
56
100
No
(Hiram) G & W
No par
preferred——..No par
300
,
"
9%
55
preferred
Walgreen Co
Jan
12
Sep
108
Apr
70%
Sep
31%
Sep
<
"
*28%
28%
28%
28%
28%
10
10%
10
10%
9%
9%
29
9%
15%
15
*15
34%
15%
34%
15%
34%
34%
*15%
10
9%
9%
*9%
10
2,600
15%
15%
15%
15%
16%
Yale & Towne Mfg. Co
York Corp
2,500
2,800
34
34%
34%
15%
34%
34%
34%
35
35
99
99
99%
99%
99%
99%
99
99%
99%
99%
99%
99%
270
14%
14%
14% .14%
14%
14%
14%
14%
*14%
14%
14%
14%
1,500
35%
35%
35%
35%
35%
36%
36
36%
36%
36%
36%
36%
1,600
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
3,000
♦Bid and
*
asked
prices; no sales
on
'
5%
this day.
Jin receivership,
a
Deferred delivery,
Transactions at the New York Stock
New Stock.
n
rCash sale,
Special sales.
s
Week Ended,
May 5,1944
Bonds
Bonds
$3,387,000
$175,000
7,085,200
313,000
$20,000
6,667,400
292,000
4,000
13,000
6,006,300
433,000
8,000
508,000
10,000
10,137,600
$2,085,000
$55,000
S.
Government
St
Industrial
Total.
39% Mar 16
19%
y
—
—
Bonds (Par
Foreign
Corporate
Government
$36,000
382,000
27,000
$5,000
125,713,093
Stocks—No.
409,000
.
596,000
40,000
2,000
638,000
165,000
1,000
712,000
569,000
119,000
174,745
531,000
86,000
3,000
620,000
$2,937,000
$473,000
$11,000
$3,421,000
1944
of shares
688,000
Jan. 1 to May 5
1943
1944
3,650,030
20,962,027
29,311,607
$5,918,000
$68,171,000
$86,820,000
473,000
895,000
3,322,000
4,455,000
11,000
18,000
344,000
278,000
$3,421,000
$6,831,000
$71,837,000
$91,553,000
Bond9
$2,271,700
$1,052,250
Domestic
39,029,000
50,903,500
Foreign gov^nment
39,868,700
119,057,100
1,140,730,900
1,497,596,200
Foreign corporate
Tota]-.
Stock and Bond Averages
the
are
daily closing
averages
of representative stocks
and bonds
"it
Stocks
—Bonds—
10
30
20
IB
Total
10
65
Indui-
Indus-
May; 1—
-
—
....„
May 2__.
-
May 3-
-
May 4
-
May 5
-
Rail¬
trial!
road!
tlea
Stock!
136.23
38.81
22.45
48.92
Utfli-
triala
106.90
10
First
Second
10
Grade
-
1943
776,537
$2,937,000
'•
$95,100
$123,890,200 $1,182,031,600 $1,549,551,950
Total
$354,000
546,000
J
„
79,469,194
29
37% July
4% May
Value)
Foreign
DomMtio
Week Ended May 5
•
12,696,045
April
Jan
Jan
Ex-rights.
$313,000
1943
Date—
Jun
129,485
.
V
Total
Jan. 1 to May 5
1944
Below
Nov
16%
776,537
Thursday
Friday
4,738,000
$42,008,700
x-Ex-dividends.
2
17
98
Jan
130,367
$55,000
...
3
19
30
82
158,335
2,085,000
t
Foreign
Railroad
J
:
Wednesday
Bonds
XJ.
9%
114,035
Tuesday
$42,008,700
1943
3,313,030
16% Mar 16
69,570
Monday
6,447,300
9,619,600
Week Ended May 5
shares—
3
of
Shares)
Saturday
7,480,200
786,890
Stocks—No. of
19
6
wdWhen distributed.
Week Ended May 5,1944
6,963,400
364,000
1944
Jan
Jan
Jan
17% July
41% July
Jan
96
(Number
7,418,200
7,103,200
$39,868,700
38% Mar 16
101% Feb
3
Jan
"
$3,562,000
571,210
3,313,030
7%
13
5% Apr
Jan
__
8
Stocks
Sales
625,540
513,190
Total
17% Mar
3% Jan
Bond
Bonds
570,570
Wednesday
Thursday
Friday
21%
8
11% Jan 31
33% Jan
Total
Government
Foreign
245,630
Saturday
33% Apr
30% Jan
3
Daily, Weekly and Yearly
United States
Shares
25
Transactions at the New fork Curb Exchange
Exchange
Railroad
and Miscel.
6
9% Apr
14% Jan
No par
1
Zenith Radio Corp
Zonite Products Corp.
Daily, Weekly and Yearly
Stocks,
Number 0/
27% Mar
23
1
Young Spring & Wire
No par
Youngstown Sheet & Tube..No par
5%% preferred series A
100
Youngstown Steel Door——No par
Grade
Utili¬
Rail!
ties
Rails
107.57
79.66
110.70
Total
40
Bond!
101.21
137.06
39.17
22.61
49.26
106.85
107.61
79.96
110.70
101.28
137.15
39.00
22.48
49.20
106.84
107.52
80.19
110.72
101.32
137.83
39.10
22.60
49.41
106.91
107.72
80.22
110.91
101.44
137.85
38.88
22.57
49.34
106.91
107.81
80.45
110.93
101.53
138.75
39.33
22.68
49.72
106.89
107.95
80.61
110.82
101.57
Bond Record
New York Stock Exchange
«»
friday
weekly
-
the
Last
Interest
*■
Exchange
Sale Price Bid & Asked
Period
U.
3s
3s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2%s
2%s
2%s
2%s
2%s
2%s_
2%s
2Vis
2Vis
2Vis
2Vis
2 Vis
2Vis
2Vis
2Vis
2 Vis
2Vis
2Vis
2Vis
2'As
2'As
2'As
2'As
2s
Treasury
106.9
105.18
J-D
J-D
M-S
Af-S
M-S
M-S
J-D
M-S
J-D
J-D
J-D
M-S
100.19
100.19
1965-1970
—1967-1972
...1951-1953
.1952-1955
..1954-1956
..1956-1959
1947
Mar 1948-1950
Dec 1948-1950
Jun 1949-1951
Sep 1949-1951
—Dec 1949-1951
March 1950-1952
Sept 1950-1952
.1951-1953
1951-1955
1953-1953
June 15 1948
,
2s
Treasury 2s
Treasury
2s
2s
Treasury l3As
Federal Farm Mortgage
111.20
,"103.1
103.3
106.24
109.3
111.9
"111.3
111.7
111.7
103.9
*103.20 103.22
103.22
100.3"
100.3
100.14
100.3
100.3
100.5
3
100.6
100.1
100.9
106.9
106.9
__
10T31 loTii
Z
102.5
104.8
104.8
101.11
1961
A-0
1961
of
1928
1927
*105.5
1947
100.28
100.16
100.24
*101.1
101.3
108% 109%
109%
J-D
1980
Corporate Stock
wks
110%
108%
126
i;
120
Broad
66%
67
Af-N
64
64
64
M-N
26%
26
26%
Af-S
*106
F-A
*105%
J-D
J-J
J-D
NY
AExternal
AExternal
AExternal
1
coll 7s A
(Dept)
AExternal
AExternal
AExternal
19%
4%S.iOf 1928—
6%s
19%
19
s
1941
s
*18%
100
to
Nov.
5,
1942,
1942,
agree
1954
.,
to
AAssented
5,
Nov.
94
6
92
94'/4
86%
86%
6
82%
86%
85%
85%
82%
86
94'%
.94
92
95
AAssented
to
Nov.
v
4
Aga
M*
Af-S
1976
1970
A Extl
A 6s
1960
1961
1967
—1968
102%
50
59%
57
56
23
47%
56
33
47%
57%
58%
11"
49%
59%
58
94
—
104%
15
1958
J-J
105%
1954
1942
J-J
M-N
78%
95
95
72
78%
10
72%
79
15
73%
6
73%
55
2
50
23
106'%
11%
103/a
10%
*17
17
143/4
*10'/a
11%
11%
11%
9%
10%
7-7
*14%
17
143/4
15'%
*13
15
13
13%
183%
183%
9%
7-7
15
9%
*17
*16
18%
16%
17
*35
agree
36 3/8
32
36
*93
M-N
*98
1957
1958
F-A
f
35%
(State)—
5s
1944
6s
extl loan
s
93%
A-0
94%
94%
F-A
sink fund gold 8s
%s assented
sink fund gold
municipal
loan
Banta Fe external sink
fund 4s
55
104%
—
97%
100%
98
3
96
97
94
95
J-D
*87
98
A-O
*81
87
83
85
Af-N
*92
Af-N
98
*92
J-D
94
1958
1947
1968
1950
1963
87
23
95
88%
103%
2
101%
103%
2
102%
1
103%
105%
*34%
35
31%
36%
24%
25
Af-S
16%.
25
24%
321
16%
24%
24%
349
17
24%
25
26%
2
11%
26%
A-0
32
32
1
30
32
A-O
23
26
8
12%
26
J-J
28
30
4
14
30
23
26%
28
12
26%
393/4
25
J-D
24%
23%
A-0
24 %
23%
78
*26
A-O
26%
26%
J-J
J-D
*38%
39
36
J-J
*36
37%
34
50%
Af-N
F-A
101
102
1940
.1968
1960
1967
1964
102
8
100 %
35
33%
33%
3
333/4
36
30
343/4
42
10
39
42%
J-D
29
34%
33%
33%
M-N
363/4
36%
J-D
*36%
Af-S
*85%
33%
20
37
26
38%
34
__
101%
105%
26
17%
1
4"
27
19%
17%
17%
18
Feb 1981
F-A
18%
18%
18%
17%
18
17%
18
22
*18%
37%
85'/8
Institutions
SECURITIES
FIRM TRADING MARKETS
193/4
16 3/4
19
18%
19%
17
1
17%
193/4
12
16%
19%
17%
19%
rARl MABBS 4 P.O. IMC.
19%
__
38
FOREIGN SECURITIES
SPECIALISTS
'
Jan
J-J
1961
J-J
Sep
sinking fund 6s
1901
Jan
assented
1981
y-S
1962
A-O
1962
A-0
sinking fund 6s
p*»ee
5R84.
17
17%
173%
15
16%
19
18%
M-S
Sep 1961
assented
*18 '/a
__
18%
5
18%
17%
8
163/4
19
17%
16
*18%
17%
50 Broad St;, New York 4,
19%
17
17%
19
.
19
17%
19%
Telephone HAnover 2-0050
37%
81%
28
18%
-
41%
34
104%
105% 105%
50%
41%
42
A-0
For Financial
37%
103
383/a
A-O
F-A
FOREIGN
95
104%
103%
104% 104%
91
*104%
Af-S
106%
102% 102%
97
93
12
—1953
external loan of 1926
93 %
100
(State of)—
1921
,
~6
1966
AExtl sec 6 Vis
94%
2
96
APrague (City of Greater) 7Vis—1952
Queensland (State) extl 6s;
1947
ARlo de Janeiro (City of) 8s
1948
Rio Grande do Sul
3
94
1961
APorto Alegre (City of) 8s
AExternal loan 7%s—
94%
96
1940
A4Vis assented
;(j ;?8%
—
94
98
94
A-0
AStabllizatlon loan s f 7s
32
36.,.
92 v 100£9
11
35%
*100
M-S
lAPoland (Rep of) gold 6s
A4%s assented
17%
14%
*14%
~J-D
J-D
f 5s_,
993/4
17
110%
101%
*17
17%
98'%
81%
1083/4
9
M-H
F-A
89%
80
81%
a-o
,•
23%
80
79
A-0
1961
#
81%
1960
Feb
163/4
16 3/4
81%
—
1900
i 6s
Q-J
M-S
A6s external
38
12%
11%
1959
96
78%
95%
3
*18'/a
(Rep of) external 7s
1959
ANat loan extl s f 6s 1st ser
1960
ANat Loan extl s f 6s 2d ser—1961
A7s
~2
21
95%
10%
Q-J
1952
7s
Municipal Bank extl
A 4
62%
1959
external
AExternal
85
f 6%8
(City)
100
103% 103%
J-J
s
19%
75%
Af-S
•
103% 103%
1953
f 7s
78%
*106
—
s
16
1
1958
series A
External
2
(State)—
s f 6%s
external
A8s extl loan of
92
•
10
109% 110%
15
6s
r
5,
20%
19
95%
J-D
1933
95%
95
1942
poo
16%
21
85
A-O
agree
96
92
1
54
78%
79
"
J-J
assented
footnotes
101
58%
*93
78%
"
1948
A 6s assented
Fn-
7
37
102
58
.
0
A-0
J-J
J-J
M-N
8s_
sinking fund
AExternal
101
99% 100
F-A
A-O
Af-N
J-J
sinking fund 6s
s
101
100'/8
—
Af-S
:_1975
1984
assented
AOv external
903/a
102.
62%
M-N
1945
1942,
A7s
^7s assented
AExtl
95
88
100%
94
Jan
A 6s
92
20"
1
,55%
-Jan
AExternal
27
89%
1
102
58%
15
s
95
.
100% 100 %
56
f $ bonds
External
.
56
4%-4%s
(City)
89
.....
73/
100% 100%
Jan
(Rep)
94%
95
j
>89%
1
95
' 58%
f 4%-4%s
3s
101%
85
agree
98%
100%
103%
18%
APeru
86
A-0
Refunding s f 4%-4%s
AChile
*19%
A-O
1943
1943
extl 5s of 1899 €
(US)
19%
18%
993/4
103%
103% 103%
agree
60
19
94
J-D
Af-S
F-A
J-D
1977
3s
100%
A-O
1961
3%s
3s
60
203/4
16%
34%
90
90
100
97%
56%
17
2
18
19
60
1957
1957
stamped—
s f 4%-4%s
ACarlsbad
*86
J-D
M-N
21
19
—1952
,—1957
1958
1950
External
30-yr 4s
19
55Vi
f 6%s of 1927
(Central Ry)
Brisbane (City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires (Province of)—
A7s
3s
M-S
1943
assented
stamped
16%
19
19
J-D
f 6%s of 1926
AExternal
30-year
2 Vis
30
8
"3:'
19%
18%
J-J
J-D
external 8s
AExternal
19%
J-D
1955
.,1955
f 6s
External s f 7s
30-year
35
98%
16%
19%
Af-N
M-S
25-year
*30
1963
203/4
(Dom of)
92%
J-J
f 5s
1970
Oslo (City) sink fund 4%s
1955
APanama (Rep) extl s f 5s ser A_1963
AStamped assented 5s
1963
Stamp mod 3Vis ext to
1994
Ext sec ref 3%s series B
1967
APernambuco (State of) 7s
1947
17
1956
1949
Canada
—
92%
Af-S
17
s
75
90
1
F-A
2
external
67 3/4
84
89
A-O
3
M-N
M-N
F-A
A-O
J-J
M-S
3%
71%
26
85
1956
19%
s
9
73
93
1965
19%
1948
S f conv loan 4%s
1971
S f extl conv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of'25-1955
External 5s of 1927
—1957
External
77
72'%
89
A-O
4Vis
20%
78%
76%
83
fund 4%s
17
9
803/4
76 3%
*92
fund
19%
External readj
65%
65
69
32
76
*88%
M-S
A-O
sink
19%
f external 4'/2S
A 6s
149
59%
*88
A-0
sink
J-J
J-J
A-0
A-0
A-0
lABrazil (U S of)
112%
1393/4
73
External
J-J
1945
1945
s f 7s series D
1945
s f 7s 1st series——1957
sec s f 7s 2d series—1957
sec s f 7s 3rd series—1957
s
107%
104%
77
Af-S
External
f 7s series B
Antwerp (City) external 5s__
1958
Argentine (National Government)—
External
1003/4
13
86%
F-A
A-O
55
f 7s series C
Belgium external
7
110
76%
54%
s
External g
105
A-0
5
19%
104'%
105
*148 3/4
J-J
50%
s
A
S
105
16
4s sink fund
19%
27
104%
108
23%
A 6s
*64%
Af-S
J-J
1968
1945
65%
105%
110
53
—
21
103%
16
New South Wales
*53
68
57%
1
21
23
1-1693
*53
F-A
A-0
37%
37
593/4
6
A-O
Norway
1947
1948
(King of Norway) 4s
AAntioqula
34
36
J-D
A Sec external s
way,^New York"
37%
34
2
40
1954
1954
A Montevideo
(Colombia)—
6s
Akershus
37
!'
l'«57
External
6s
fund
37
*34
:.SS0
part paid
part paid
A Sec
Municipal
Mtge Bank
46%
AJugoslavia (State Mtge Bk) 7s
AMedellln (Colombia) 6%s
Mendoza (Prov) 4s readjusted
Mexican Irrigation—
'
sink fund
63%
39%
1964
19S8
1952
1960
■
-r-f=
sink
57%
53
(Republic) s f 6s series A
Helsingfors (City) extl 6%s
A 6s
Minas Geraes
2-2300
64
1
44 %
*34
—1967
1945
_1949
1949
AAssentlng 4s of 1910
Teletype
57%
12
62 V*
67
AAssentlng 4s of 1904—
AAssented to Nov. 5, 1942,
York Stock Exchange
17%
203/4
62%
F-A
—1969
1969
Haiti
Wertheim &. Co.
Members New
f,,
62
J-D
§ATreasury 6s of 1913 assent
AAssented to Nov. 5, 1942,
Telephone
163/4
15%,
20
,/5
43%
43%
M-N
1940
unstamped
A7s
Foreign Securities
AGtd
•;<
Greek Government—
v
AGtd
■.
62%
62
A-O
1940
AAssentlng 5s of 1899—
Agricultural
■ -i
17%
1945
1st
AAssented
&
>16
1953
;
series
5%s 2d series
A Mexico
Govt,
18
15%,-.15%
1977
debt
51/2S
series sink fund 5%s
A41/2 s
Foreign
16 %
1949
5s of 1914
4%s
loan
external
5Vis
7s
fi
REctor
12
1952
1953
1951
1949
(Republic of) 7s
Finland (Republic) extl 6s
French Republic 7s stamped
10t5" 10T11
100.28
17
163/4
A-O
1946
..1947
A Estonia
105.7
*100.1
16%
J-J
...1970
f $ bonds
s
(Republic of)
§A2d
100.17
*101.10 101.12
Af-N
J-D
external
Customs Admin 5%s 2d series.—1961
*100.17 100.19
__
18%
r
*63
100.28
100.5
100.14 100.14
%
A-O
101.6
100.21
*100.31 101.1
181/4
17%
(Republic of)—
of
■
Transit Unification Issue—
3%
Oct
Jan
5s
18
16%
1
*63
101.19
City
York
J-D
(Hukuang Ry)
173/4
7
17%
Irish Free State extl s f 5s
M
New
1951
Chinese
—
§Alst series 5Vis of 1926
101.8
101.6
10
101.19 101.19
Owners' Loan Corp—
series A
series
M-S
_——
18 '/a
16%
A-O
*101.19 101.21
Af-N
1944-1952
1945-1947
1960
7s assented
181/4
16
17%
(Rep of) 8s ser A_1951
*101.24 101.26
J-D
J-D
J-D
1944-1949
M-S
18 3/8
173/4
16 Vi
,•
■
16
;
.
16%
„
ASinking fund 8s series B
—1952
f ADenmark 20-year extl 6s
1942
External gold 5Via
1955
External gold 4%s
1962
lADominican Rep Cust Ad 5%s
1942
100.11
100.2
7
100.10
*101.9
1960
Cons Munlc 7s
A Czechoslovakia
*104.28 104.30
101.19
Af-N
assented
APublic
107.7
*102.3
1962
4Vis
"104.11 104.13
.
—
Af-N
Sinking fund 5%s
*101.31102.1
100.7
*16%
A-O
External
100.18
"106.26 106.28
M-S
J-D
Af-S
J-D
j-j
M-S
J-D
Af-S
M-S
M-S
A-O
1961
Cuba
100.7
"100.12 100.14
"107.5
1961
1962
Copenhagen (City) 5s
25-year gold 4Vis..
A Costa Rica
(Rep of) 7s_
100.5
100
21
6s
assented
6%s
ASinking fund 7s of 1926
ASinking fund 7s of 1927
100.5
100
100.2
I8V2
AColombla Mtge Bank
100.17
100
5
/ "1.
100.2
*16%
A6s
103.31
103.22
100.16 100.16
J-D
A6s
10618
103~31-
*100
_1961
3s
"107.20 107.22
_
7
Colombia
Corp—
3s
l%s
A
103.9
106~16
107.3
"107.1
"2
A
"106.25 106.27
"103.31 104.1
18%
16%
17%
A Chilean
liiTT ii2~6_
103.10
"103.8
19
16%
j*.>
17%
A 6s
111.5
•
19
17%
16%
16%
A 6s
111.11
111.7
*/,;/! 16%
•
High
19
6
AGuaranteed sink fund 6s
109.12
*111.5
^
__
Low
3
J-D
AGuaranteed sink fund
106.24
"109.14 109.16
17%
17%
J-D
January 1
19
19
__
Range Since
Sold
No.
High
J-D
A6Vis assented
103.11
*106.27 106.29
__
Af-N
1957
1957
1961
ASinking fund 6%s
: A6%s assented
112.5
103.1
Af-N
-1963
Bank 6%s__
AChile Mortgage
11T5" 11T11
111.6
111.5
"111.24 111.26
J-D
„
105.7
1963
assented—
A 6s
*104.29 104.31
Af-S
J-D
J-D
J-D
J-D
Af-S
M-S
J-D
J-J
1962-1967
1963-1968
~v
"110.16 110.18
J-D
M-S
M-S
June 1964-1969
Dec. 1964-1969
:
Treasury 2s
Treasury
102.29
105.4
2s
Treasury
102.28
105.27
102.8
(Continued)—
(Rep)
Bonds
Sale Price Bid & Asked
Low
uExternal sinking fund 6s
111.23
"105.5
2s
2s
Treasury
Treasury
111.13
1
"105.23 105.25
1956-1958
2s
111.13 111.13
Last
Period
Chile
Week's Range
or Friday's
Friday
Interest
New York Stock Exchange
High
Low
No.
Af-S
J-D
Treasury 2s
Treasury
BO ND 8
"102.6
Treasury
•
January 1
Sold
1949-1952
—
1946-1948
1951-1955
——-—1955-1960
-—1945-1947
1948-1951
1951-1954
..1956-1959
1958-1963
1960-1963
1945
1948
1949-1953
1950-1952
1952-1954
33/4s_..
3%s_.——
Treasury 3%s
WEEK ENDING MAY 5
Range Since
Bonds
l-O
J-D
Treasury
Treasury
High
FOR
1947-1933
—1944-1954
1946-1956
1946-1949
4s
Treasury
Law
Government
S.
Treasury 4%s
Treasury
Week's Range
or Friday's
Friday
BONDS
York Stock
New
3s
disregarded in the week's range, unless they are the only transactions of
account is taken of such sales in computing the range for the year.
"and
are
RANGE
Home
yearly
-
interest"—except for income and defaulted bonds. Cash and deferred delivery Bales are
week, and when outside of the regular weekly range are shown in a footnote in the week in which they occur. No
The italic letters in the column headed "Interest Period" indicate in each case the month when the bonds mature.
Prices
NOTICE
Monday, May 8, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1880
N. Y.
Teletype N. Y. 1-971
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
159
NEW
1881
YORK BOND RECORD
RANGE FOR WEEK
ENDING
MAY 5
"
BONDS
Week's Range
Friday
,
Stock Exchange
New York
Last
Interest
or
Paulo
(City of Brazil) 8s
.1952
Paulo
IA San
8s
(State)
M-N
l
38%
44
39
44
*42
43%
loan
1956
M-S
*36%
397/a
dollar loan
1968
J-3
extl water
extl
,
8 A Secured
A 8s
series
*35'/a
—
37
63%
7—
61% .61%.
11
56'/a
17
15%
17
28
11%
17
sec
extl
1962
Af-N
17
15%
17
V
12
17
of)
extl 7s
1958
J-D
*19%
27
11
17%
7s
-1940
assented
1958
J-D
.-1955
1948
F-A
20%
95'/a
F-A
sink fund 6s
I960
M-N
—1964
Af-N
95'/a
*87
91
*86
sink fund 6s
-
—
61
20%
91
1
readjustment
89
New York
External
1979
M-N
*64'A
68
60
—1978
J-D
65
60
66
1978
F-A
*69%
70%
1984
extl conv
J-J
*65
68
extl readjustment
4-4 %-4Vis
3 Vis extl readjustment
.
external 7s
Railroad and Industrial
Canadian
gold 5s
Guaranteed gold 5s
Guaranteed gold 4%s
16
Guaranteed
15'A
16
16
10
Guaranteed
,
gold 4s
J-D
*
1948
Coll trust 4s Of 1907
•
..1947
1st
Albany Perfor Wrap Pap 6s
J-J
1948
assented
warrants
*108
.
95
•
A-O
95
1948
A-O
104%
5s
&
G Chem
15
91
102%
A-O
99%
99
100%
655
87
100'/8
A-O
78
76
1951
F-A
78
13
105% 106
17
;
67
104%
Wat
Am
Wks & Elec 6s series A
Anglo-Chilean Nitrate deb
1967
Ann Arbor 1st gold 4s__
1995
Ark & Memphis Ry Edge & Term 5s 1964
Armour & Co (Del) 4s B
1955
sink
1st
fund
4s
series
C
1st
■
1995
Atlantic Coast
L
&
N
coll
Atlantic
12
16%
J-D
50%
51%
12
50
56
95
34%
37
33'A
36
32
34
107%
Light 3'As
Eng 1st gtd 4s
JACentral of N J gen gold 5s
109%
16,
108
109'A
104%
Central
110
63
86%
8
69%
76%
102'A
105
49
106%
114%
113% 114%
44
112%
114%
122 3A
122
122 %
37
118%
123
109% 109%
A-O
6
106%
109%
Potts Creek Br 1st 4s
; 10
106'A
110
R & A
109
109
110
109%
J-J
*112
113
110%
.
J-D
Ry—
•
.
:
;
*
Oct
1952
1948
—
110%
—1953
M-S
104'A
Jan
due—*
stamped—
99% 100'A
227
90%
Battle Creek & Sturgis 1st
87%
88%
269
69
102% 103'A
102%
217
40%
42
35%
34%
35%
J-D
108 VA
109
J-J
~6
121'A
123'A
120
121
2d
105
21
1
85%
84%
J
4s
M-S
Division
1st
92%
7;'
•,
88%
89Vi
47%
47%
49%
171
'
41%
'53%
52%
52%
54%
113
: :
.46%
.
;
49%
47%
7*
203
i41
V
47%
47%
36%
36%
49%/
37%'.
120
41%
.
305/;
78
77% ;
78;
92
67
66%
67%
85
77
77
77%'.
J-J
84
J-J
•
83%
; 31 Vi
64
c
?
Debenture
■
5s
«
19
;
■
A
107% 108%
81
f-a
104%
102% 104'A
265
107%
106% 107%
J-J
54%
J-J
t
Ind
gold
5s
A 1st
& gen
AGen
•
1947
-
.1968
6s series B
3%s_;
F-A
M-N
M-N
F-A
For, footnotes see page
1884.
107'A
48%
J-J
1956
50
127
76%
88
47
60%
50
71
39
69%
47%
67
10
45
63
11%
32
10%
12
12%
38
10 %
97%
'
64%
12
-
J-J
J-J
98
24
87
62%
64%
59
59
series
E
—May 11989
May 11989
.
14%
14%
100
J-J
83%
357
74'A
83%
24
69%
78
404
76%
'
.
83%
;
86%
78%
80
73%
74'A
82%
84'A
82'A
v
__
J-J
F
;
83%
51
76%
86%
83%
79%
J-J
J-J
4%s series
AGen
63%
125%
54%
;
May 11989
A Mtge
84 %
47
77%
87%
-
I'.'}.
adjustment 5s_.
3%s
80'A
85
98%
.
58%
4s
'
.
Ill
1.941
45%
59%
16'A
1.913
11%
17%
1987
M-N
74%
74%
75
4%s stpd Fed inc
5s
4-
100
101
"
4
105%
106
2nd
4
101%
103'A
13
104%
106
103
.99
92%
•
101
90
153
97
83%
137
52%
"41%
58%
108% 108%
5
108%
109%
103
104'/a
\~5
42
112
108
77%
78'A
gold 5s
mtge 4s
.■94%
102
104% 104%
8
103. Va
107
111 %
10
111
112%
109%
78%
'26%
2b%
26 'A
26
26
26
M-N
A-O
100%
93'A
55
81
96
19
78
93%
58%
58'A
58%
50
61%
57'A
58%
158''
49%
61
58
58
58%
81
49'A
M-N
14%
13%
14%
547
11%
17%
104'A 104%
57
101%
104%
526
63'A
65%
70
81
61%
75
1949
ser
Railways
1st
'
1
•
-
104%
65'A
65
65%
70
68%
70'A
A-O
M-S
42%
40%
42'A
47
45%
M-N
J-D
9%
-
60%
stpd
5s
1927
1
4s
73
f-a
of
deposit---
■.
—'
■
1952
gold 4'As.
-I960
1951
Memphis Div 1st gold 4s
Chic T H
Income
'
& Southeastern
guaranteed 5s
A Certificates of
80
90'A
■
&
107% 108
5s
5s
—
101%
Cln Union Term
1st
99% 100%
24
109%
95%
100%
95%
85
5
84
85
82%
84%
1
81
70
74
64%
82%
9
72%
84%
10
59%
77
59
73
110
109
110%
10
102%
105 »A
104% 104%
106'A 106%
,1962
M-S
105%
105% 106
1943
——1957
A-O
a-o
77%
74
77%
23
55
76'A
74
76%
67
53
M-N
f-a
J-D
A7-N
f-a
65
65
65
12
59%
6
108%
109%
110
111%
1st gtd 3 ¥2 s
mtge gtd 3%s series E
—1952
-1966
1967
D—1971
1969
J-D
Ref & impt 4%s series E
Cin Wab & M Div
74
36
106%
109 % 109%
111
110%
110 »A
112%
112'A 112%
98%
97%
*99%
98%
^
104
106%
104%
106
74
75%
J-J
M-N
72
67%
72
90'A
90%
76%
70
4
109%
111
112'A
112%
19
88%
99
75
77%
4
—
J-J
1977
—,.-1991
8t L Div 1st coll tr gold 4s
,-1990
1st 4s
5
23
,*111%
J-D
'
110%
104%
———1993
103%
107%
11%
•90%
82%
84%
8%
2
J-J
1st mtge 3%s—
90%
51'A
132
1952
93
3
9%
,—1963
ref ,4%s series D
89%
82
39'A
J-J
J-J
28
'
183
85
M-8
1963
1st mtge
21
86
45'A
47%
Chicago
tAChoctaw-,Ok & Gulf cons 5s;
Cincinnati Gas & Elec 3%s_:
69
73
36'A
95
9
—
Union Station—3%s series E
"1st mtge 3%s series F
68
928
,
95
J-D
J-D
deposit
29
9
"
Dec 1 1960
21%
17
80%'
'
J-D
1st 5s—1960
243
75
—
—1934
t§AChilds Co deb
76'
J-J
1988
—
A Certificates
56%
*103% 103%
108
93%
57%
44%
140
-
89%
A-O
A-O
*76%
M-N
J-D
part paid
§ADebenture
*
80
77%
-
J-D
6
54%
92
79
67%
67%
23
-
J-D
1
53%
;
67'A
26
78
78%
J-J
AConv
112%
109
100% 101%
53%
.80%
78
Chicago St L & New Orleans 5s—1951
Gold
3 V2S
—1951
"i_
103% 103%
A-O
-
M-N
1987
{ARefunding gold 4s
{ASecured 4'As series A
63%
8
92
77'A
mtge conv income 4'As w i—1999
AGeneral
v
90
62%
M-N
A-O
J-J
A-O
76%
65%
'
1st
-
65%
30
,
'
Chic & West Indiana com 4s
-
20
77'A
J-J
25%
104
53%
111
76
76
A w i—1989
gen
tSAChicago
99
d57%
76
tChicago Rock Island & Pacific Ry—
104
87%
76
M-N
M-N
AConv 4%s series A—
.
78
M-N
—May 1 2037
ref 4'As stpd
ref 4'As C
105% 105%
102'/a 102%
65'A
—May 1 2037
&
1st &
33
—May 1 2037
ref
&
106
76
-1936
&
.104%
64
75%
1987
6'As__.
A 1st
20
—•
76
-1987
tax
stpd Fed inc tax
A4'As stamped—.
;
A 1st
.
—
M-N
1987
Fed inc tax
p
n
A 1st
:
76%
75%
,
M-N
1987
registered—
AGen
51%
64
38
1987
AGen
85%
109
I
56%
14%
1987
99'A
111
101 %
54%
15%
4s
101
*102'/8
103%
;
55'A
A-O
registered
AGeneral
129%
52
1108%
F-A
tChicago & North, Western Ry—
AGeneral gold 3'As-
69'A
73%
1973
Jan 12000
gold 5s series A
1;AConv
57
.'•74
r
" J-D
*
92%
77
53%
JL1%
C
100%
104
90
J-D
• •
252
54%
31
J-J
4%s series
1 98
*96
" M-N
*-1968
104%
85%
M-N
'
—May 1966
General 5s series B
Power
84%
85
*48
Cleve Cin Chic & St Louis Ry—
General gold. 4s
——1993
Elec
105%
109
*126'A
J-J
:
.
4s series A__
May 11989
gold 3%s series B—May 11989
;AGen
52%
54
M-N
series B—1947
1
*97
104
M-N
F-A
M-N
.
California-Oregon power 4s
.1966
Canada Southern cons gtd 5s A_—1962
10622
98
Louisville- Ry—
&
Chicago Ind & Sou 50-year 4s
^Chicago Milwaukee & St Paul—■
,.
California
104%
103
108'A
1947
106 43
103
47
M-S
2038
inc mtge 4%s
1
*
A-O
gtd_————1960
H 106311
*106% 106%
85%
(conv)—
3
105% 105%
" J-J
tBurlington Cedar Rap & Nor—
'
§ A 1st & coll 5s_—:
—.—1934
A Certificates of deposit———
Bush Terminal 1st 4s
———1952
Consolidated 5s
—1955
106
{J
J-J
.53%
82
.
49%
105% 106
M-S
M-N
r
Stamped .modified
interest at
3 % to May 1, 1947) due—-—1957
106
F-A
,
8
84%
85
100% 100%
J-D
Buffalo Gen Elec
Bush Term BIdgs 5s
series
inc
99%
99%
F-A
4Vis B
——1981
Buffalo Niag Elec 3Vis series C—1967
Buffalo Rochester & Pgh Ry—
44
1977
100% 100%
100%
J-J
F-A
.-—1957
1st lien & ref 5s series B_
J-J
30'A
102
100'A
106'A 10643
1949
128% 128 Va
A-O
A-O
J-D
' A-O
A-O
—1950
gold 5s
21%
236
27%
*105% 106%
1949
ARefunding 4s series C
& gen 5s series A
>1
56%
68,
,,
*52%
J-D
1947
ref 6s series A
'
4s
J-J
53%
,
J-J
J-J
1960
July 1970
t A Boston & N Y Air L 1st 4s
1955'
Bklyn Edison cons M 3Vis
1966
Bklyn Union El 1st gold 5s
—1950
Bklyn Union Gas 1st cons gold 5s_1945
26%
1958
mtge
AGen.
47%
106%
Chicago & Erie 1st gold 5s
—1982
Chicago Gt West 1st 4s series A
1988
58%
M-N
1st
lien &
__1949
J-/
1971
88%
,
*121
26%
1997
'AGen
105%
881,y ' 73%
J-3
1
4s
ref
123'/a 123'A
a-o
1949
registered-'
&
J-J
Chicago & Eastern 111 RR—
88%
.....
.
—1989
1st & ref 4'As series B
.
1961
gold 43/is series JJ
mtge 4s series RR
A Inc mtge 4Vis ser A
1989
3%s
registered.
General
36%
156?,; ...,70%
85,,.
•
^
1944
1st
gold 4s
division
AStpd 4s
—1967
1955
cons
consol gold 4s
Illinois
43
33%
1st
-
ARefunding 6s ser A
F-A
.-.---1956
Beth Steel 3Vis conv debs
1952
Consol mtge 3 Vis series F—
-1959
Consol mtge 3s series G—I960
Consol mtge 3V4s series H———1965
1st
101%
M-S
>
tACLicago & Alton RR ref 3s
1949
Chicago Burlington & Quincy RR—
,'*•■>
3%s_—1951
—
101%
tChic Milw St Paul 81 Pac RR—
y
gtd 3s—1989
series II
100
101
1946
Div
tChicago
M-S
debentures..
5s
79%
17
M-S
136%
AGen. 4'As
Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2Vis———1950
1st M
75
106'A
103%
,37
7
105% 105%-
"J-D
1951
—1951
Big Sandy 1st mtge 4s
Boston & Maine 1st 5s A C
74
5
106%
89%
89%
47
42
J-J
"A-O
Bell
2%s
222
73%
132%
§ ASecured
Beech Creek Extension 1st
92%
92%
5
100%
1
—
101%
92
72'A
92%
38
;
1995
—
4s
96%
*100'A
F-A
19
A 1st
1
Bangor & Aroostook RR—
Con ref 4s
a-o
108%
106%
88%
A-O
1947) due———-1950
Toledo Cin Div ref 4s A—
—1959
to
104'A
136
ARefunding
July 1948
AConv
.
100
108
3'As
8
>100
M-S
Pgh L E & W Va System—
;
\
Ref gold 4s extended to——,1951,
S'west Div 1st M (int at 3%%:
-y ■
.
36
108% 108%
Illinois
M-N
•
.
11
105% 106%
J-J
——1948
Sep 1 1946) due
——1996
due
1——'
Feb 1 1960
,
104%
135
:
J-D
(int at 1 % to '<
Sep 1 1946) tiue———.——2000
Ref & gen ser ,F (int at 1% to ,
'
30%
108%
f-a
Ref & gen ser D
;
26%
M-N
*105%
*
•
-M-N
—
1 1946)
35%
27%
106'A
34%
1996
Ohio RR—
to Dec
37%
1996
112'A
110%
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946) due
-July 1948Ref & gen ser A (int at 1% to
*
Dec 1 1946) due
1995
Ref & gen ser C (int at lVs%\
'
,
39%
29%
impt mtge 3%s D
110'A
109%
110%
*105
1964
1st mtge gold 4s.
30
impt M 3'As series E
A Gen
/
92
188
238
"2
M-N
1992
112
83%
Ref &
B
Baltimore 81
F-a
Chesapeake & Ohio Ry—
General gold 4 Vis
30%
111%
103% 104%
a~-0
ref gtd gold 4s_1949
1st
23
14
56
66
*23%
_1962
3%s
16%
107% 107%
33%
1987
—
Y Power
Through Short L 1st gtd 4s
—1954
Guaranteed gold 5s
I960
§ACentral RR & Banking 5s stmp_1942
Certain-teed Prod 5 Vis A
1948
86%
104
106'A
105%
14
106'/a
registered
N
27%
28'A
*111% 112
jlj
1987
Central Pacific
107
4s
3-J
1987
4s
117%
103%
36
106
AGeneral
115%
106" 106 %.
106
registered
17
40
'
5s
106
66
64
J-D
A
Refining deb 3s—
10
36
110 %
Line
4s—
50%
12
12%
37
*110%
1958
gold 4s
mortgage
37%
19
12%
J-J
J-D
Atlantic & Danville Ry 1st 4s
Second
26
12%
•AChatt Div pur money gold 4s__1951
A Mobile Div 1st
gold 5s
1946
106
41..
-
103% 104%
Nov
-—>-1963
4s_—July 1952
unified 4Vis
General
46%
12
1987
86
M-N
1st gold 5s———1946
1st cons
45%
a-o
90'A
1960
Air
46%
a-o
1959
t.
89
J-D
Short L 1st 4s
Charlotte
&
M-N
1959
5s series C—
gen
90%
—1955
mortgage 3%s
1945
& gen 5'As series B__
A Ref &
Ref &
1905—
Atl Knox & Nor
Atlanta
91%
J-3
*104
A-O
—1995
gold 4s of 1910
Trans-Con
68 '/a
80%
1961
115% 116'A
.: 109%
j-j
4s
———*——1995
Conv gold 4s of 1909
1955
Conv
53
35
<ARef
Fe—
—
Adjustment gold 4s
of
13
81%
4-0
Q-J
Stamped
Conv 4s
62%
81
1966
M-S
1978
Atchison Topeka & Santa
General 4s————..
61'A
81
New
109
10 J '/a
-F-A
61%
f-a
Illinois
66
Jan
(»el)_1957
debenture?
income
7s
116
109
M-N
1975
A
J-D
1945
Nov
*ACent
3-D
A-O
52
<
Central
1966
M-S
103% 103%
103%
107%
debentures
-
106
101%
104'A
3'As
1962
103%
4
103
108% 109
—1956
19
106
108% 109'A
3s
104%
10
109
deb
1st gold 4s
66'A
104
37
109
67 'A
*63
169
106
107'A
j-j
94 3A
106
111
105
1
110%
f-A
106'/a
92%
103%
J-J
104%
109%
j-j
.103% 103%
94%
M-N
A-O
Co
U P
98
1
10
-1948
78
86%
Branch
100%
18
104%
1962
1998
debentures—
1981
debs.
100% 100%
1961
Tobacco
104
1955
Corp 3%s debs
100 %
debentures
conv
104
105'A 105'A
100%
M-S
105%
32
M-N
4-0
*
104
104
1950
A Cent
1949
54
104 A
109% 110
JCentral of Georgia Ky—
A 1st mtge 5s
§ A Consol gold 5s
1949
101%
104 3V
J-J
108% 108%
101
—2030
10 0 42
M-S
Corp 5s w w
Cart & Adir 1st gtd gold 4s
95%
84'A
2
j-j
& Gen
Celanese
111%
47
Carriers
Celotex Corp 3%s
110%
9
94%
100.42
93%
108%
98%
113%
10042
M-S
100
117%
111%
12
110'A 110'A
j-j
i960
102%
5Vis
conv
113% 113%
1965
102
118%
115%
*116% 117
1949
4'As—
Ohio 4s-
99
Corp conv 5Vis
117%
117
94%
177
A-O
105%
117%
116
tSACarolma Central 1st gtd 4s
101
3'As
3s
llO'A
f-A
116
5
Carolina
American Telephone & Telegraph Co.—
Amer
J-D
—1950
„
Foreign Pow deb 5s
Internat
1946
9
32
104%
89%
99 3A
107
'
101% 102%
income
Amer I
Am
a-o
F-a
102%
Alleghany & West 1st gtd 4s
Allied Stores Corp 4'/aS debs—
Am
1956
Ry deb 6Vas
trust
105J2
,
103
Clinch &
113 Va
15
117% 117%
104%
Collateral
High
116%
117% 117%
118'% 118%
—
118%
—1951
J-D
"
.1949
-
j-j
4Vis
-1950
modified
-
3-D
1955
1
Alleghany Corp—
modified
J-J
1970
Can Pac Ry 4% deb stk
perpetual
5s equipment trust ctfs
—1944
Coll trust gold 5s
-1954
74%
89%
95
*102
5s
1969
lit, to
9
105'A
107'/a
.
—
„
*94
A-O
Oct
;
105 42
January 1
Sold
NO.
117% 117'A
103%
104
.
j-j
Range Sinee
Bonds
High
100%
103%
103
104
*104%
Albany & Susquehanna RR 3 Vis—1946
3Vis registered
1946
103
—
103
F-A
109
68%
71%
*103'A
M-N
3Vis——1972
mtge
M-S
109
—
■71%
J-D
10-year deb 4'As stamped
-1946
Great Southern 3'AS—_1967
Alabama
Power
*104
Week's Range
or Friday's
117%
105 42
4Vis
Canadian Northern
J-D
1953
Adams Express coll tr
gold
gold
Guaranteed
1953
—;
Last
Sale Price Bid & Asked
J-J
July 1969
18'%
F-A
1957
5s
62
18
Companiea
A plain
series
gold
72'A
18%
AStamped
A5s
Interest
National gold 4'As_
Guaranteed
,
10
17
.
6
Teletype—NY 1-310
Low
JAbittbi Power & Paper—
with
Friday
Exchange
59
F-a
A4Vis assented
6s
Stock
66%
—1958
1958
(City)
Alabama
New York
Period
71
*61'/a
69%
Exchange
Bell
72%
M-N
conversion—
3%-4%-4-ft
65%
12
1979
69%
Stock
bonds
''
68%
York
Telephone—DIgby 4-4933
($ bonds of 1937) —
External
§A5s
New
Broadway
91
89
*88
A External
a External
Members
10
20%'
95%
20 Vi
request
PFLUGFELDER, BAMPT0N & RUST
(Kingdom)—
Sydney (City) s f 5Vis
a Uruguay
(Republic) extl 8s—
WRITTEN
on
39
35%
A-0
(Prov
AWarsaw
Circular
33
30
M-N
B
3%s-4-4%8
New Railroad Second Mortgage Income Bonds
,
1962
f
secured
a7s
42%
external
s
Serbs Croats & Slovenes
A4 V2S
34%
J-J
42%
A Discussion of the Prospective Prices of the
40
30
J-J
A7s
Silesia
35 %
1
42%
33 'A
l
1938
-
a 6s
A
January I
Low
High
381/4
33'A
38 >A
1950
external
A 8s
M-N
1957
A6'As extl secured s f
Range Since
Sold
vo.
High
Low
A Sao
Bonds
Friday's
Sale Price Bid & Asked
Period
99
Va 100
638
57'A
91
53%
72
82
94'A
5
75%
A
THE COMMERCIAL & FINANCIAL CHRONICLE
1882
Monday, May 8, 1944
\
NEW YORK BOND RECORD
RANGE
Friday
BONDS
New York
Interest
Stock Exchange
Period
Last
or
Friday's
Cleveland
&
1970
Elec Ilium 3s
Cleveland
Series
C
Pittsburgh RR—
3%s gtd
Series
D
3%s
&
Gen
ref 4%s
Cleve
Vis
gtd 5Vis
B gtd_
Union Term
1st
s
f
1st
s
Coal River Ry 1st
73
104
99'/a 100 J/8
35
92%
94 Va
96*
90
84
98 %
89
89%
75%
91%
99%
941/8
A-O
89%
J-J
*106 Vi
100
104
174
*
1st
102%!
Columbia
90 Va
deb 58__:
G & E
1st
91
Refunding 4s
64
83
91
Collateral
115
52
1041/4 104%
53
103
104%
104% 105 Va
29
60
62
1970
1955
*109% 110 Vi
Litchfield Div
F-A
*113%
113%
113%
1081/2 1091/4
131
105
18
debs
Conv
49
109%
1101/4
110
110%
1958
J -J
111
111
112
& ref 4Vis
1951
f 3%s A___^—1961
J-J
*114
117
113%
113%
F-A
*109% 110%
109%
J-J
*102% 102%
101%
103%
debs-1953
s. f.
3Vis
Cigar
debentures—.
3 Vis
3Vis
debentures
—
Consolidated Oil conv deb 3 Vis
Debenture
4s
A
1st
mtge
mtge 3 Vis
Crane Co 2Vis s f debs
1st
109% 109%
*110%
108
109%
,
109%
111
111
111%
5
110%
112
107% 107%
3
107%
108%
110% 110%
8
108%
111
103%
110%
*102
102%
102%
99%
99
100
115
57
57
57
5
46
62
49
49%
9
38%
53%
95%
72
41
58%
70
62%
68%
51
39
53
56
56%
10
& Tunnel
107
1st
1st
5s
100
101%
105% .108
107
90%
85
79%
92%
105% 105%
5
105%
105%
89%
__
89%
J-J
50%
49%
52%
5
45
27
5%
4%
210
50%
52%
5%
J-J
46
5%
F-A
43/4
A-O
44%
.
5
8
4%
6%
>
10
54
40%
49 Va
102%
105%
45%
29
■■)b
109%
111
M-S
111% 111%
6
110%
111%
1970
J-D
105% 106
23
104%
gold 4s 1995
J-D
44%
*104%
53
J-D
33
M-N
33
101%
101
M-S
53
A-O
33
38
38
J- J
98%
31
102
14
A-O
M-N
J -J
1950
J-D
3Vis—
1970
107%
38%
6
38%
108%
&
106
107Vi
113%
148%
150
102%
103 %
106
106%
103 Vi 103%
*106
106 Vi
*93%
J-J
J-J
J-J
.1947
82%
3 Vis-
A-O
68
*
105
M-N
.1943
J-J
.1959
60
70
101%
105%
64%
75
106%
106
106 Vi
105
105
102
10
105
M-S
129%
25
102
B
2
102
103
129% 129 Vi
5
117
130
103% 104
—1982
98%
*99% 100
54%
53%
57
54 %
54 Vi
54 Vi
M-N
1956
1956
JAGeorgia & Ala Ry 5s_
1949
1949
Oct 1 1945
1934
1956
1947
J-D
12'/2
3
12%
3
■-
*98%
100
47%
61%
20
73
16%
24%
48%
88
43%
57%
1956
J-J
47
47
48
43
43%
1944
A-O
58
58
60%
51
82%
82%
87%
87
&
80%
139
58%
81
113
95%
99 3/a
83%
79
K
Kanawha & Mich
1st gtd gold 4s—1990
City Fort Scott & Mem" Ry—
§ARefunding gtd 4s
1936
ACertificates of deposit-——
Kansas City Southern Ry 1st 3s
1950
&
Kansas
A-O
—
«
*80
A-O
Stamped
60
72%
85%
4
107%
109%
J-J
119
119
5
114%
119
J-J
*67
70
51%
69
*97 Vi
99%
91%
97%
98
98
J-J
1961
J-J
*98%
1961
J-J
—
*
unguaranteed
—
A-O
—1959
M-S
—
.
•^AKreuger & Toll 5s ctfs
'■
1
'
'■
Laclede Gas Light
Coll
&
Coll' &
ref
'■■■
90%
94
174
108 Va 108%
175 Vi
107%
*175%
J-J
108 Vi
109
110'/a
107%
106%
107%
102% 102%
J-J
102%
104%
3%
3%
99%
100 3/a
*109
ref"5%s-series
J-J
103
J-J
103
28
28
*62%
105%
J-D
19
98-%
100
99%
21
98%
100
J-D
98
97%
98 %
50
93%
98%
93
93%
11
89%
93 Vi
1975
1954
registered
99%
99%
Dec
58%
60%
23
58%
67
97%
104
97
103 y4
J-D
mtge income reg_
Lehigh Coal & Nav s f 4%s A
•Cons sink fund 4 Vis series C_—_1954
_i_1965
1945
Lehigh & New Eng RR 4s A
Lehigh & N Y 1st gtd gold 4s
:
Lehigh Valley Coal Co—
& ref
1st
;
—1954
:_i
—1964
1st & ref sink fund 5s
stamped—
5s
i 5's
103
103
103
4
J-J
103
103
103
10
A-O
103
103
2
M-S
98
99
F-A
*90
11%
14
13%
F-A
98%
1
32
22%
105%
103%
76%
75
75
'
1
65
78 %
65%
67 Vi
45
56
69%
77%
76
78%
23
64%
80%
M-N
38%
d38
467
33
44%
36
37%
22
34
M-N
42%
d42
46%
224
37
*40
41
d50%
55%
37
76
77%
21
*126
128%
2003
—2003
2003
—2003
2003
registered'
stamped
Lehigh Valley Terminal Ry ext
1st 50-yr 5s-gtd
Lex & Eastern
Libby McNeil & Libby 4s
'
M-N
50%
5s_1951
A-O
76
1965
1955
A-O
J-J
104 %
102 %
debenture—
J-J
M-S
1945
f 4Vis:
J-J
106%
108
48
104
107 %
A-O
102%
101% 102 %
J-J
J-J
1st & ref 3%s series E
Unif mtge
1961
Gulf States Util 3 Vis series D
A-O
1969
M-N
1st gold 4%S
102%
104%
Mob & Montg
102%
103%
South Ry joint
91
4s
4s_
1980
1945
1952
—1955
12%
100
66
98
__
*110% 111%
~4
■
—
-
103%
■
105Va
110
111%
Maine Central RR 4s
series A_
Gen'mtge 4%s series A
®°cking Valley Ry
1st 4%sl___
1999
JSAHousatonic Ry cons
gold 5s„_1937
Houston Oil 4Vis debs
1954
Hudson Coal 1st s f 5s
series A1962
Hudson Co Gas 1st
gold 5s
1949
1884.
*132%
130%
__
133
M-N
89
d89
d90
30
103
103
103
5
103
105%
69
82
56
70%
116
5
116
117%
J-D
M-N
68%
68%
116
85%
92%
*103%
97%
*104
J-J
M-N
*112%
103
__
98
15
—
94 Vi
102 Vi
104 3/a
98
104
104
11
101 Vi
105%
-r-
112
112%
„
104% 105
1945
1960
J-D
•
J-D
75
97%
97%
64
64
M-N
65
74%
75%
*57%
M-N
*32%
IIAManitowoc Green Bay & North- •
western 1st gtd 3%s
—1?41
J-J
*85 %
Steam Shovel
s
f 6s_
Stamped
j.j
106%
M-S
Marion
M-N
13
104%
1073%
fund—Feb 11957
A Manila Elec RR & Lt s f 5s
1953
A Manila RR (Southern Lines) 4s
1959
Sugar 4s sink
•
H
102%
M
87
98
16
107% 107%
F-A
105 %
67
99%
94%
102% 102%
M-S
17
89%
28
106% 107
M-S
65
"4
103% 103%
"
monon
Atl Knox & Cine Div
99%
65
64
*97%
99 Vi
15
Manati
1952
102%
„
29
RR—
6tpd
110
102
*102
105% 106%
41
12%
109%
104% 104%
222
82
93 %
12
106%
102Vi 103
12%
73
104 %
79 Va
82
103%
20
99%
98%
A-O
98% 100
——
102
103%
109% 109%
103
99%
109 %
A-O
102% 104
100
J-J
1203%
A-O
102
J-J
105%
2003
2003
J-J
1975
105 Vi
104
119%
—2003
5s series B
J-J
2015
7
*119% 120
ref 4 Vis series C———2003
ref
1946
1967
mtge inc 5s series A
105% 105%
105%
104
ref 4s series D
1946
Gulf Mobile & Ohio 4s series B
M-S
F-A
2
&
&
'St Louis Div 2d gold 3s
303
105
105% 105%
&
106%
99%
122 y4
104
1st
1093/4
67
104 A
120 3/4
1st
100
98%
102 V'4
8
1st
128
*65
6
Louisville & Nashville RR—
105 V8
*
107
68%
108% 109%
99%
78
104%
103% 103%
M-S
104
Feb
57
125%
10
*104
A-O
106%
J 7J
64%
123%
105
A-O
Elec 3Vis—,—:—1966
Jeff Bridge Co gtd 4s
48 Vi
42%
46%
120% 120%
1st 5s series A_—1969
debentures
—
43%
W
102 % 103
M-S
109%
Feb
Vi
35
M-S
i-j
B
43
*108
1949
J"J
series 1
104
M-N
1949
1949
-—-—1951
1963
Long Island unified 4s
Guaranteed ref gold 4s~:
4s
stamped——!
1976
Bay & West deb ctfs A
•
4
'
1977
Vi
763,4
65%
General 4Vis series D
mtge 4s series G
70
J-J
General 4Vis series E
mtge 4s series H
75
80
F-A
4Vis ext
modified—
4Vis registered
5s stamped modified
.i—i
.
98 Va
76%
65%
107%
48
86
80
———1974
1954
—1950
stamped—-i-
&
94
71
10
78
F-A
Lehigh Valley RR—
4s stamped modified
Lou
98
86
84%
94
*80
Louisville Gas &
103 Vi
103%
95
1974
Leh Val Harbor Term gtd 5s
5s
100 Va
86
92
*■>«•*»
——1964
i
1st. & ref sink fund 5s_^-.
Lehigh Valley N Y
J-J
1
1954
sink fund 5s
stamped—
5s
1-
60%
F-A
24
64
106%
'
__
99%
99%
114%
114
*100%
99%
F-A
A-O
*99
——
4
L
7s——•—1944
101%
22
28
*3 %
A-O
——.—«—-1951
Little Miami gen 4s series A
—1962
Long Dock Co 3 %s ext to
1950
97%
105% 105 3/i
*
F-A
Liggett & Myers Tobacco
11%
99
103%
107 "
107%
M-S
1997
1997
D_
Lake Sh & Mich Sou gold 3%s
3Vis
M-S
•
—1943
—1953
1960
extd 5s
5Vis series C_
105%
page
83%
*94
—1997
Kings Co Lighting 1st 5s
;—1954
1st & ref 6%s—
—1954
Koppers Co 1st mtge 3%s—i—1961
Kresger Foundation 3% notes
..1950
Kings County El L & P 6s_—
86%
84%
1961
1961
1.
85
69%
90
108%
1987
-
86%
71%
84
108
83%
108 %
6
see
100
72%
83
83%
84
J-J
114%
footnotes
82%
J-J
J-J
Ff>r
9834
*100
83
—I960
1st 4s„
Kentucky Central gold 4s
Plain
A-O
Apr 1950
impt 5s
Term
City
1973
General 5s series C_—
s
5
99%
3%s series A ext——1950
Unif mtge 4s series B ext—
1960
"Paducah & Mem Div 4s_i
—1946
Gulf States Steel
88 Vi
78%
114%
5s
4%
3
98%
111%
M
77%
32
80
16
Term
160
4%
99%
113% 114%
ref
84%
87%
4%
J-D
114%
&
83%
74%
J-J
J-J
1st
100
103
93
1959
1952
A
5 Vis series B
Gulf & Ship Island
108 %
97 Va
100 Va
.1961
1st
111%
AGen
105
13
105 Va
4s
& Clear
108%
ctfs
107%
107
65 Vi
103
Laughlin Steel 3%s
James Frankl
Jones
-
~1
mtge 3%s
107
57 Vi
56
161
*103% 103%
M-S
5s
109% 109 3/a
Debentures
50%
J-J
-1947
B
109%
A
127
19%
47
J-J
Gen
52
19%
1961
AGreen
103 %
47%
59%
„
J-J
F)
Gen
Vi
106%
101%
J-J
56
103
*103
__
J-D
1st 4Vis
Grays Point Term 1st gtd -5s
General
110
1043/4
1
A-O
J-J
<
,
42%
1
12%
J-D
M-N
Goodrich
General
110%
13
102
102
1958
:
42
112
12%
.
t§AGa Caro & Nor 1st ext 6s
series
72%
62
44
15
59
105% 105%
F-A
104%
102Vi 102Vi
103%
M-N
of
4Vis
103%
1955
4Vis
J-D
.1974
1st 4Vis
Castings 5 Vis
Northern
68%
98%
1952
3s
Great
523/4
1
*110%
J A-O
Louisiana & Ark
(B
173
59
M-S
1952
Teleg deb gold 4%s
Debentures
102
99%
174
104% 105 %
69%
M-S
>—„—
Elec of Berg Co cons 5s
Steel
65 %
J-J
1st mtge 3s series F—1961
Lorillard (P) Co deb 5s
Gen
61%
103% 103%
J-J
$Alowa Cent Ry 1st & ref .4s_—1951
93%
11
101% 101%
105
.1961
deb
deposit
tFonda Johns & Glover RR—
8A2-4s (Proof of claim)ACertificates of deposit
Food Machinery Corp 3s debs
Francisco Sugar coll trust 6s_
Gas &
57%
J-J
94
80
—
1017/a
M-N
-
.1971
ref 5s series A—
Certificates
336
Lautaro Nitrate Co Ltd—
110
*93%
.2015
t A Florida Cent & Peninsular 5s_.
A
1st
series
Int Telep &
4s
A 1st
69%
*97% 100
F
'
65%
100% 100%
:
IFknida East Coast
65%
91%
F-A
110%
107%
A-O
.1995
B
mtge inc 4 Vis series A—
Y & Erie RR extl 1st 4s_^—
Flintkote Co 3s debs
J-D
88%
1947
Railroad Co—
Firestone Tire & Rub 3s
—1963
F-A
M-N
108%
24%
*150
M-S
1962
3Vis—
mtge
69
A
34
101%
113% 113%
*107
A-O
1965
1965
stamped
1st
J-D
*77%
M-S
102%
14
110% 110%:
1995
Div
1963
*62
1955
*
28
1
101%
*105% 107%
J-J
1956
Ohio
series
53
41
1
102% 102%
1948
A Gen
N
93
,J-J
1
106%
M-3
(NY) 1st cons gold 5s
Auto-Lite 2Vis debs—
1st cons M 4s series
773/4
78%
.,1951
1951
gold 5s series C
4%s
F-A
Minn Nor Div 1st 4s
Div 1st 5s
Erie
723/4
67 Vi
72%
1972
56
110 Vi 110%
Ed El III
Empire Gas & Fuel
72
65
J-J
Int Rys Cent Amer 1st 5s B
1st lien & ref 6%s,
55
A-O
East Tenn Va & Ga
5s
ref 5s
Intcrnat Hydro El deb 6s
Internat Paper 5s series A &
Ref sink fund 6s series A
A 1st
Elgin Joliet & East Ry
El Paso & S W 1st 5s
863/4
59%
72%
1951
Kentucky & Ind Term 4 Vis
2Vis_—-——1950
Dul Miss & Iron Range Ry 3 Vis—1962
t§ADul Sou Shore & Atl gold 5s—1937
Duquesne Light 1st M 3Vis
—1965
Elec
72
70%
72%
J-J
JAInter-Great Nor 1st 6s series A-1952
Ref
A-O
Chemical deb
East Ry
86
70
52
40
50
101% 101%
M-N
1995
4%s_-—-J96!
gold 4s—
86
1951
1st & ref 4Vis series C—-
J-D
-----
ref 3s series H
Tenn
J-J
F-A
-
,
*62
J-J
.—1978
impt 5s series B
Second
—
90
JKansas
JADes Plaines Val 1st gtd 4Vis„,-1947
Detroit Edison 4s series.F
1965
Gen & ref mtge 3Vis series G—1966
Dow
Joint
100
*62
—
A
64 Va
100
79%
72%
*69
*48
Detroit & Mackinac 1st lien
*88 Va
74
97
99%
*98
J-J
.
54%
A-O
3s_
1970
series B—1965
extended—1963
Delaware Power & Light 3s
1973
^Denver & Rio Grande RR—
§ A 1st consol 4s—
—1936
SAConsol gold 4Vis
———1936
tDenver & Rio Grande, Western RR—
AGeneral s f 5s—
1955
Detroit
48%
A
j-D
Dayton P & L 1st mtge
&
267
AAdjustment 6s series A—July 1952
*48
Dayton Union Ry 3 Vis
Delaware & Hudson 4s
Gen
61%
58
J-D
1955
—
58%
59
J-J
receipts
AAssented
61%
J-D
1951
59%
D
ARef &
F-A
1966
j______.1950
1st. gold 3s
45%
56
deb
85%
45%
3
J-D
extended to——1946
ADeposit receipts
——A 6s series B extended to——1946
ADeposit
67%
46%
52 Vi
55
J-D
series A
Curtis Publishing Co 3s
78
Inspiration Cons Copper 4s
A-O
receipts
ADeposit
A7Vis
85
105%
M-N
1952
1st 5s gold
RR
A Cuba
83%
103%
M-N
1942
5Vis
jACuba Northern Ry 1st
A Deposit
receipts
84%
49
49
Crucible Steel 3Vis s f debs
77
M-N
Inland Steel
M-N
1968
1969
1950
1955
3Vis
60%
107 Vi
M-N
919
mtge 3Vis
1st
27
111 Cent and Chic St L & N O—
A 1st
mtge 3Vis—
1st
75%
108%
M-N
1965
1967
mtge 3Vis_
1st
58
74%
.-1953
Western Lines 1st gold 4s
Power Co—
Consumers
15
75%
107%
52 Vi
813/a
194
72
M-N
105%
*11
60%
80%
..1953
7
J-J
78%
78%
4
J-J
1955
—1956
4s
ADebenture
65
62%
77%
106% 107
J-J
1954
JAConsol Ry non-conv deb 4s
V
97
64
—
64
71%
108% 108%
103% 104
*53
80
106%
J-D
*96%
96%
72
108%
105%
103%
1003%
__
80
A-O
12
104%
103%
100
J-J
gold 4s
1950
tAInd & Louisville -1st gtd 4s_—1956
Indianapolis Union Ry 3Vis ser B_1986
104
101%
—
.M-N
J-J
1948
1956
1958
1951
—
debentures
3Vis
1955
Springfield Div 1st gold 3%s
Ind 111 & Iowa
Consolidated Edison of New York—
A-O
32%
70
St. Louis Div & Term gold 3s'i Gold 3%s
111
Conn River Power s
65%
/
78%
Louisville Div &. Term gold 3%s_1953
Div 1st gold 3s_j———1951
111
113%
109%
J-D
3Vis
Conn Ry & L 1st
Consolidated
5
1968
3Vis series I
A-O
Omaha
108%
*97%
1952
Cairo Bridge gold: 4s
110
May
'J-J
/M-S
4%s
40-year
109
"100%
1952
;
105%
102%
J-J
_1951
gold 4s__
108%
—
J- J
A-O
(
109
Mackay Corp—
deb w w_
>
Apr 11969
mtge
17
3%s
103%
Commonwealth Edison Co—
1st
102% 102%
.
.
1951
.
lines
trust
Refunding 5s
A Commercial
Income
27
High
55%
103
trust gold 4s—,
*109
Vis
121
29%
gold 3s sterling—.
A-O
1st extl 4s—
64%
28%
gold 3%s
M-S
Columbus & Sou Ohio El 3
& Tol
105 Va
63 %
29
1951
1st
1st extl gold -48—1948
Debenture 5s
Columbus & H V
Columbus
104%
J- J
1961
60%
M-N
—1980
May 1952
Low
63%
A-O
gold 3Vis
Extended
Purchased
modified)
January 1
Sold
No.
F-A
Illinois Bell Telep 2%s series A—1981
Illinois Central RR—
/
\ ,
1st gold 4s—
__1951
Collateral
91
Range Since
Bonds
Feb 1957
!
income 5s
Hiah
1957
,
—
J-D
M-N
Friday's
107
95
A Ad J
& Southern Ry.—
(stamped
4Vis
Hudson & Manhattan 1st 5s A
106
*106%
A-O
or
107%
106
A-O
Fuel & Iron 5s inc mtge
Colo
Colorado
Week's Range
Last
Sale Price Bid & Asked
Low
108
107
A-O
gtd 4s
106%
21
107%
*108'/8
104
Period
Hiah
~
F-A
F-A
A-O
Low
—
*107
f 4Vis series C
5s series
No.
Hiah
Friday
Interest
New York Stock Exchange
January 1
—
M-N
1972
1973
1977
1945
1970
series B—
1st gtd 4
BONDS
Sold
107% 1077/a
1948
._1950
1977
1981
1961
gtd
General 4%s series A
Cleve Short Line
J-J
ENDING MAY 5
Range Since
Bonds
Sale Price Bid & Asked
Low
FOR WEEK
"*
Week's Range
1947
—
*
A-O
*102%
A-O
*102%
5
47
8
903/4
99
52
65
68%
77
__
„
73
„
84%
101
__
__
—
102
101%
102%
Market Street Railway—
ext 5s————1945
A-O
1950
A-O
96%
Q-A
McCrory Stores deb 3%
1955
MetroD Ed 1st 4Vis, series D—-—1960
(Stamped mod)
Metrop Wat Sew & Drain 5%s
M-S
*105%
109 %
96%
93%
3
93%
96%
98%
105
__
109% 110%
5
2
105%
109%
111%
92
94%
YORK BOND RECORD
NEW
FOR WEEK ENDING MAY 5
RANGE
Stock Exchange
Interest
.
,
Period
Last
or
Friday's
4s_,1938
Central—
& Sag 3'/2s_,
Micnugan
t§ AMilw & Northern 1st ext 4'/2s__1939
Af-S
67%
1941
J-J
tMinneapolis & St Louis RR—
A 1st & ref gold 4s
,,1949
A Ref & ext 50-yr 5s series A
1962
tMlnn St Paul & Sault Ste Marie § Alst
§ A 1st
consol 5s_
§ Alst stamped 5s gtd as
~7%
1959
'
5s series A__
Prior lien
Alst &
4s
'64
62
60%
62 %
39
57
50%
52
90
36
63%
207
62
63%
112
Montreal
11
H
11%
63 %
Constr M
61%
61%
63%
61%
61V2
63
70
72 Va
5s
series A
3'/4s
Mountain States T & T
Mutual Fuel Gas 1st gtd 5s
183
Steel
mtge
1st
A-0
J-D
W
111% 111%
,21
England Tel & Tel 5s A
gtd 4Vi5 series B
RR gtd 1st 4s__,
N J Pow & Light 1st 4%s
New Orleans Great Nor 5s A
series
5s
ACertificates
4Vis
Alst
of
'•
106%
5Vis
Alst
of
of
Ref
&
Conv
deposit—
N
&
—
-
•
Hud River 3%s_
-
-
43%
61%
3
109 y4
111%
111%
111%
II
7'
Pennsylvania Co—
Guaranteed 3'/2s trust
82
48
15
105%
107 7/s
104% 104%
7
103%
107 y2
103% 103%
13
102 y2
103%
19
103%
105
100%
101
115
116
91
103%
115%
90%
91%
91
41
84
15
84%
—
117%
124%
84%
105%
1
108%
102
Gen
'
94 %
2
102
93%
25
98%
98%
102%
*103% 104
I ,*
Debenture
100
Conv
104%
103% 103%
_2
103
105
99%
36
96
100
99 Va
99%
•
•
62
75
61.
5
68
68
*63%
68%
•
72%.
74
59
73%
24
72
71%
8
-•71%
74%
76%
78%
■77%
78 %
80
68%
78
73%
*103%
73
82
59
&
73%
1st
L
73V'8
412
67
69 y4
768
56%
74 Vi
76%
267
63
76 %
96%
95%
97 Va
362
87
92%
244
83 y4
92y2
92 %
90%
r
86
86
6
78%
78
76
78
72
71
69%
70%
71%
68
68
A-O
!
104'%
M-S
A-0
A-O
F-A
A-O
Beri)S
105
87
101%
8
A-O
Series
102%
105
107 3/4
89%
58
78 y4
3
106%
1
108%
109%
19
lQ«9.TftJ-10
*105
*102%
J-J
J-J
104
103
89%
deb
3Vis
—1947
Af-S
deb
3Vis
,,..1954.
A-O
51
deb
4s
1955
J-J
52%
ANon-conv
deb
4s—
1956
certificates 3Vis.
1956
—1948
J-J
57%
A-O
90%
M-N
27%
J-D
55 y4
1957
103
102
104%
64
71
82%
77
88
46
60%
•*47%
'
,
45%
54
51
52%
52
53%
Af-N
52
54
J-J
50
52
56
58%
90
91'
v45y2
23
*
'
1st
1
-
27%
■
55
Af-N
1992
M-S
1955
4s
J-D
1st cons gtd 4s
1993 1
Lt & Pow 3Vis—1965
N Y Rys prior lien 6s stamp
1958
N Y Steam Corp 1st 3Vis
1963
*'
dl05-
1937
1937
1940
1943
F-A
Af-N
1967
J-J
1st 4ViS—1946
J-J
•
F-A
*
gold 5s
3'/4s series B
Niagara Falls Power 3 Vis
page
1966
1884.
M-S
13%
13%
A-O
M-N
J-J
J-J
J-J
15 AN Y Susq & W 1st ref 5s
§A2d gold 4Vis
1977
D
mortgage 3'/4s
: 81
75''
31
•
Securities 4s
t A Providence Terminal 4s
Public Service El & Gas 3'As
l
1st & ref mtge 3s_
16%
1st
64
94
31%
48%
234
105%
Pressed Steel Car
59%
82 V
\
"56%
61
'50%
146
-
59%
61
45%
3"
28
60
46%
■V 35
'
•
N Y & Putnam
4'/as series
•
4%
65
*111%
14 y4
73
4%
•1
63 y4
162%
106'%
99
98'%
1
98
108%
39
108
110%
110%
111%
110
111%
98%
110'%
*109
4
110% 110'%
110%
110
*106
—
"3
104% 104%
-
104%
■
.
93%
85%
3
93%
92%
103
115
116%
•mnm
1st
52
"Public Service of Nor 111
108%
5
107%
108%
49%
4
50%
18 Vi
20%
Remington
~5
It
14
87
—
34
93
1
111
111
5
109%
111
,66
18%
31
26%
109
-
1
108%
109%
107%
*105'%
106
106
*108% 109%
109%
109%
106% 106%
'
-
1977
1951
1957
1956
1968
-1972
2037
2037
,,1968
■
26
,
J-J
105%
105% 106
6
105%
106%
F-A
108'%
108% 109
23
108%
109%
F-A
107%
107% 107%
21
106%
109'%
108% 108%
4
108
109%
12
108
109%
Af-N
,
Af-N
108 V2
108'/a 108%
A-O
104
103 Va 104
J-D
113
98%
104
.
123%
9
121
124%
112% 113%
72
109
113'%
123 V*
F-A
130
115'A
119 'A
118% 119 'A
27
A-O
103
102% 103%
103
97
A-O
110%
109% 110%
39
106
110%
J-J
109%
109% 110%
51
105%
110%
J-D
102
'72
73
100%
112%
55%
12
96
92 Vi
92%
5
96%
155
J-D
105
105%
6
F-A
*121
132%
Af-S
95%
96%
74%
23%
36%
105%
,,
100% 101
'
102%
110%
32%
31%
J-J
99%
1
73
*106
J-J
91
19
101% 102%
110% 110%
A-O
103%..
107
95%
101
87%
'
93%
82
96%
104%
107
131
132
121
124
107%
38
105%
108%
Af-S
110% 111%
19
110%
111%
J-D
103
15
102%
103%
■*123
J-J
107%
J-J
J-J
103
26%
105%
Af-S
175
27%
26%
210
38%
67
17%
28%
105
106
*105
Af-N
63
61%
62%
Af-S
107
11
105% 106
105%
104%
106%
68
7%
9
7
6%
100% 101
J-J
11
100%
101%
103%
104
104
104%
112%
112%
113
113%
8%
9
F-A
10%
9
10
*104
Af-N
104% 104'%
F-A
J-D
*112'%
Af-N
*113
114
10%
9
F-A
113% 113%
3
113%
115
F-A
123% 123%
1
122%
123%
123
123%
*123%
Af-N
J-D
119%
119% 119%
12
116%
119%
A-0
119%
119% 120
15
116
120
J-J
107
107
'/4
35
106%
107%
103
103%
4
102
104%
103
103'%
12
102%
103%
103% 103%
1
101%
104
11
59%
58%
Af-S
103
J-D
J-D
107
70'%
71
A-O
70%
7
70%
A-O
71
70%
71
J-D
71%
24
J-D
107%
*107%
F-A
58
71%
71%
71%
107%
*122%
J-D
J-D
J-J*
90 Vi
11
102% 103%
92
89
90%
M-i
103%
*
J-J
109
Va
*111
F-A
Af-N
102%
98%
110
J-J
*147'%
J-D
98%
147%
224%
109%
—
110
147%
224%
*221'% 224%
110
30 '/a
110
106% 107'%
107% 107'%
A-O
109%
17
25%
*110
Af-N
105%
109
*100
J-J
103%
100%
—
25
Af-S
93
99'%
113%
101'% 101 Vi
J-J
86
104%
105%
*_,
J-J
111%
R
Reading Co Jersey Cent coll
Gen & ref 4Vis series A
Gen & ref 4'/3s series B
12%
109
1950
1966
101%
108
106%
5
109'/a 109'/8
109 VB
J-J
68'%
108
12%
26
3Vis
111%
•
93
26%
ref mtge 5s
ref mtge 8s______
1964
1960
101%
103%
*101
Af-N
5%
105 Vi
108
12%
&
&
J-D
15
110
12 1
—
106
*13y8
9%
•4
"l
66%
106
49%
■
deb 5s_,—
t A Providence
1st
1954
N Y Queens El
5s series A
5.y2 inc deb,,,,,,
rortland Gen Elec 1st 4Vis_,
1st 5s extended to
Potomac El Pwr 1st M 3'/4s
t A Harlem River & Port Chester—
4s
cons
46%
18 >
"
Alst & ref 4Vis series of 1927—,1967
105%
23
1
J
1963
guaranteed 4y2s__1964
4Vas_
Pittston, Co
ANon-conv
1940
111
16
102%
102
cons
1970
mtge 5s series B
1975
Gen 4'/2s series C
1977
Pitts Coke & Iron conv 4Vis A
1952
Pitts Steel 1st mtge 4'/2s_
,,1950
1st mtge 4'/2s series B
,1950
Pitts & W Va 1st 4'/2s series A
1958
1st mtge 4Vis series B
1959
1st mtge 4Vis series C
1960
Pitts Young & Ash 1st 4s ser A—1948
1st gen 5s series B
i
1962
1st gen 5s series C
1974
114%. 115%
7
1945
Gen
109%
114% 114%
J-D
F-A
Af-N
,1964
gold
1949
F 4s guaranteed gold
1953
G 4s guaranteed,,
1957
H cons guaranteed 4s,—1960
Gen mtge
109
109% 109'%
D
Series I
98%
108'% 108%
.
ANon-conv
see
108
110%
'
4s guaranteed,,,
68
6
88 Va
89
1962
1963
1937
Phillips Petroleum, 2%s debs,
Pittsburgh Cine Chi & St Louis—
Series
95%
51%
JAN Y Ont & West ref gold 4s
1967
1971
Series E 3'/2s gtd
365
106'% 106%
—
72
102'% 102%
106%
deb 6s
72%
98%
97%
97%
51%
4s„
1977
1961.
—1973
1949
stamped
5s
63
47
104%
104
Af-S
6s
.,1980
2%s
62%
1
Y New Haven & Hartford RR—
ANon-conv
deb 4s
1947
footnotes
108%
Af-S
5%s—:_1974
5s—.,1956
—-1956
4%s series C
65
4
20
88
For
105%
F-A
APhilippine Ry 1st s f 4s
ACertificates of deposit
78
72
71%
82
t§AN Y West & Bost
110%
103%
,
A-O
Philip Morris Ltd deb 3s_
3s debentures.
86%
32
'
80%
6s
gold
& ref mtge
Aref
97%
69 %
86
Y Telenhone
108
17
Apr
gold 4'/2s series C
AConv
69 y4
76%
ANon-conv
N
108% 109
104% 105 %
51
105'%
108 3 'a
F-A
-Apr 1990
Pekin Union Ry
General
—'
71%
""
88
1st
108%
M-S
Philadelphia Co coll tr 4'As--.
Phila Electric 1st & ref 3'/2s
86
74
30
1984
Marquette 1st series A
series B
1st
82 y2
69
24
71'
70
*__••••
'. \
82
A Terminal
107%
A-O
1947
1960
Phelps Dodge conv 3'/2s deb__—,1952
Phila Bait & Wash 1st gold 4s—
General 5s series B
,,,1974
80%
73
Af-N
5s
108%
8
J-J
,,1952
1st 4s
83%
71%
72%
74
Pere
,1974
series E
mtge 4'/4s
deb 3'/4s
Peoples Gas L & C ref 5s
Peoria & Eastern 4s ext
a Income 4s_#__^
i
—
Af-N
gold
105%
107%
J-D
1965
,,,^,1968
—1970
1981
gold 4'/2s
General 4'/4s series D
»
101
mtge
84%
11
1973
West 4s series A
§ A General
104%
8
F-A
—1948
May 1 1948
__1970
1960
3%s series C
Cons sinking fund 4'/2s
General 4%s series A__
General 5s series B
Gen
122 %
21
124'/a 124%,
*83%
105% 105%
Pennsylvania RR—
Ccnsol gold 4s
4s sterl stpd dollar
92'/4
.
—
115 y4
115% 115%
124%
.1973
1st
~5
107% 107%
J-D
,1960
debentures
4Vis
92%
92
91%
92
F-A
F-A
F-A
F-A
1949
2000
2043
2043
4 Vis series B
A General
104
104% 104%
J-J
J-J
'1963
Pennsylvania Ohio & Detroit RR,1981
1st & ref 4Vis series B
1st & ref 3%s ser D
1969
Penna Power & Light 3'%s
91%
91%
107% 107 y2
J-J
1948
Mtge 4s
,1952
Pennsylvania Glass Sand 3'%s
Series
gold 4s
& Harlem gold 3Vis
ctfs D__ ,1944
4s__^
^Philadelphia & Reading Coal—
1998
1998
1998
Purchase money
ADebenture
109%
110'/a
107% 107%
.
f gold
M s
Gtd 4s series E trust ctfs
F-A
A-0
A-O
Af-N
J-J
1998
RR
Y Gas El Lt H & Pow gold 5s
§ A Collateral trust
108 Va
*104
110%
1st
& Erie—See Erie
deb
106
104%
103%
106
M-N
253
J-J
.1966
AConv
1
11
108'/a 108'/a
-
A-0
1965
<
10
107%
109%
61 Vi
—
1951
ADebenture
106 Va
106%
108%
55%
.71%
—,—1997
Y
tN
20%
104%
106% 106%
106%
J-D
York Chicago & St Louis—
Lack &
15%
12
106%
109% 109 Vi
61 %
F-A
-
.1965
Y
42
17%
105%
,1955
3s loan ctfs
Paterson Si Passaic G & E cons 5s ,1949
F-A
.1947
N
17%
105% 105'%
17%
105%
Paramount Broadway Corp—
A-O
2013
—2013
1952
1997
:
series A
Mtge 4s series B
112 'A
108
Peoria
.1978
Y
110%
111%
1047/8
66
A-0
.1974
N
108'%
12
104%
Series
N
70
112
112
16
59%
-
r
1998
coll gold 3Vis
registered—
3Vis
3Vis registered
Y
83'%
105% 105%
47%
*99 Vi
1945
3 Vis
N
67%
J-D
Af-N
J-D
J-J
Panhandle East P L 3s B—
Co—
Mich Cent coll gold
N
56
J-D
48%
•
Lake Shore
New
83%
,1971
series K
107
V
registered——
3 l/2s
83 Vi
81%
1
169
J-J
J-J
A-0
J-D
J-J
1954
impt 5s series C—
Cent
Y
67%
5
66
deposit
secured 3Vis
68
30
59%
-
—1956
impt 4Vis series A
&
Ref
<;
93'%
105% 105 Va
61%
103% 104 y4
J-J
J-J
J-D
Af-N
F-A
A-O
...
deposit
RR 4s series A
Central
Y
94 Vi
82%
110% 110%
57
—
Newport & Cincinnati Bridge
General gtd 4Vis_—
N
80%
110'% 110%
65
J-D
1954
series A™».
ACertificates
376
112
mtge 3'%s" series C
Paducah & 111 1st s f gold 4y2s___ ,1955
95 y4
Af-N
1956
series D
ACertificates
r
94'%
J-J
,
Pacific Tel & Tel 3'%s series B—: ,1966
,1966
Ref
101%
'
t
79%
93'%
J-D
1st & ref M 3s
114%
111
94%
—
—_
of
-
33%s series H_„ ,1961
3%s series I,,,, ,1966
& ref mtge
1st & ref mtge
111%
95%
A-O
deposit
series C
5s
M-3
deposit—,—
B__.—-—
ACertificates
61'%
J-D
1st
105%
100 Vi
91%
1960
1983
N O & N E 1st ref & imp 4Vis
1952
New Orl Pud Ser 1st 5s series A--1952
1st & ref 5s series B
—1955
New Orleans Term 1st gtd 4s_,
1953
fNew Orleans Texas & Mexico Ry—
'
§ANon-cum inc 5s series A
1935
Alst
177
110% 110%
F-A
Af-S
J-D
~3
107%
1945
-1945
—1952
1961
1986
J Junction
Alst
79%
83'%
J-D
1st gold 5s
59
fr-A
—1948
1st
of
61
77%
83'%
,1940
100 % 100%
*95 y4
100%
J-D
1965
England RR gtd 5s
ACertificates
51
61
94'%
Pacific Gas & El 4s series G—„ ,1964
105%
7
106% 106 %
Af-S
1949
AConsol gtd 4s_,
New
64%
8
59%
Pacific Coast Co
Va
108
6
106%
J-D
M-N
M-N
J-D
M-N
1954
tANaugatuck RR 1st gold 4s_
cons 5s
N
53
71
72%
104%
111%
Af-N
1978
3s___
Newark Consol Gas
JANew
151
79'%
72
60
2,0
109
109
A-0
,1949
314s sinking fund debentures
National
95%
64%
72%
59 Va
7
.
,106
*105
F-A
..I960
series A
& St L 4s
Dairy Prod 314s debs—
Distillers Prod 3Vis—
Nat
95%
95 %
62%
64%
72%
^6J/2
.
N
Nat
—1961
1962
Otis Steel
Secured
Nash Chatt
100%
88%
15
1st & ref mtge 3s series J_,„,_ ,1970
71
M-S
■
2000
1955
1955
1968
1947
M 4 Vis series B__
Constr
92%
13%
56%
59%
—
1958
3s debs
gtd 3y2s_,
1st
Essex
&
9%
130
F-A
*
'
1951
Morrell (John) & Co
Morris
215
68 y4
iog^
61%
1965
ext—
5s
72%
57%
61%
1960
•—
Tramways
3%s
Gas &
Oregon-Wash RR & Nav 4s
1st mtge 4'/2s ser A
72
56%
A-0
& ref 3%s——1966
Power 1st
73
•
56 y2
Af-N
B____1966
,
debentures
6s
56%"
62
„
gtd gold 4s—1991
mtge 4 Vis
Montana
22%
62%
Monongahela W Penn Pub Serv—
1st
69 y8
30
62
M-N
mtge
1967
—1972
mtge 4s,—
Elec 33/4s__——1966
Ontario Transmission 1st 5s
—1945
Oregon RR & Nav con gold 4s__—1946
Ore Short Lirva 1st cons gold 5s,^_1946
Guaranteed stpd cons 5s—,—;__194&
—
,
—
Ry 3'As series
1st
1st
'72%
250
26%'
25%
25%
116
99% 100%
—
deposit
of
Moh'k & Malone 1st
Monongahela
56%
63
.
56 W
M-3
M-3
%
61
Oklahoma
63%
125'%
116
120
132'%
125
$
J-J
M-N
M-S
J-J
.§ A 1st guaranteed 4s——,_^,1948
Ohio' Edison 1st mtge 4s—_——i.,1965
57%
61%
-
;
65%
51 Vi
1978
1949
1980
deposit——,
series I
———1981
ACertificates
.
57%
•
ACertificates^ of
Alst & ref 5s
.53%
69%
V
47%
46'/8
129
10
fOgdensburg & Lake Champlain Ry—
67%
62
3%s____,1967
———1964
86'%
43%
O
73%
"
F-A
37%
'127%
100%
Q-F
Q-A
J-J
J-J
J-J
J-J
65%
64%
55%
gold 5%s_.
'
ref gold 5s series H_,
&
Alst
56%
„
57 Vi
*.
5s series G_,
ACertificates of deposit-
AConv
178
82'%
68
131% 131%
Q-J
101 %
•100
1
64%
63%
9
42%
77
69
J-J
A-O
deposit-,,-
of
& ref
Alst
„
101% 101%
64%
(WiscJt 1st mtge 3%s
73%
78
•
_
ACertificates
-
1
1st & ref mtge
(Minn)
J-J
,,1962
-,,1975
ref 5s series F——,,,1977
A General
*
7%
5
deposit—
of
ACertificates
*76%
85'%
42'%
Va
States Power Co—
Northern
5
5
7%
129
AA,,_—a.1965
Alst & ref 5s series
40%
J-J
—1978
^Missouri Pacific RR Co—
,
38
29 Vi «• 38%
2%
J-J
J-D
Jan 1967
adjust 5s series A
30 Vi
11
-
40-year 4s series B——
Prior lien 4'/2s series D
A Cum
38%
19
7%
J-J
1990
'
1
___1962
1st 4s
5%
29%
60
M-3
1st 5s
t A Missouri-Illinois RR
Missouri-Kansas-Texas RR—
12
40
37%
J-J
1978
3%
38%
37%
Alst & ref 5'/2S series B
2
Low
High
108% 110%
10
*42
Q-J
"
7%
5
40
1946
30
5
37%
1949
Mo Kansas & Texas
11
10%
11
Af-S
Q-F
77%
42
Af-S
lien 4s__1997 ' J
4s registered
1997
Gen lien ry & Id gold 3s
,Jan 2047
3s ■ registered
i,
—,^.2047
Ref & impt 4'/2s series A
,2047
Ref & impt 6s series B—
.,—2047 *
Ref & impt 5s series C_
—,2047
Ref & impt 5s series D
1—2047
Range Since
January I
Sold
No.
84
J-J
A-0
F-A
O-A
Af-8
series A.
Northern Pacific Ry prior
69%
77%
83
38%
5%s_
84%
59
11
68 Vi
*65
J -J
J-J
J-J
6s series A
& ref
Alst
A25-year
•
101
75%
14
'
,—1938
—.—1938
to int__1938
4s stamped,
cons
70 Va
97
99
1947
t AMilw Spar & N W 1st gtd 4s
J § AMilw & State Line 1st 3%s
90'/4
55
83%
83%
4 Vis
mtge
AGen mtge 5s conv
Bonds
High
108% 108%
A-O
1998 "
inc.—
2014 * '
ISANorfolk Southern RR 5s A
1961
Norfolk & Western Ry 1st gold 4s_1996
North Central gen & ref 5s
1974
Gen & ref 4'is series A
1974
1st
104 Va
73
68
68%
*_,
J-D
Niag Lock & Ont Pow 1st 5s
Norfolk Southern Ry Co—
95
'
95
90%
A—1955
18%
16
102%
»
J-D
1939
§ Con sol ext 4'/2s
A
Low
__
89%
90
Week's Range
or Friday's
Sale Price Bid & Asked
Period
High
Low
No.
Last
Interest
Stock Exchang*
January 1
97
*104%'
York
New
Range Since
16 Va
*95'/a
M-S
Af-N
J-J
A-0
1952
1979
1940
3%s__
Ref & impt 4%s series C
}§AMidland of N J 1st ext 5s
gold
,
Sold
Hiah
*8 %
F-A
1951
Lans
Jack
1st
(Chic)
Bonds
v
Sale Price Bid & Asked
Low
Side El
J § AMet West
Friday
BONDS
Week's Range
Friday
BONDS
New York
1883
CHRONICLE
THE COMMERCIAL & FINANCIAL
Volume 159 / Number 4279
95
.
109%
•
4s_„ ,1951
A-O
,1997
J-J
,1997
J-J
,1956
99%
J-J
Rand deb 3y2s,—i—
,1961
Republic Steel Corp 4%s series B,
1950
Gen mtge 4'/2S series C
_19R0
Revere Copper & Brass 3'/4s.j.
,1939
*§ARio Grande West 1st gold 4s_
1949
Alst cons & coll trust 4s A
103%
103
35
97
100%
151
94
103%
101% 103
161
94'%
103
107
28
104%
107
106
99% 100
101'% 103%
107
F-A
104'%
104
104%
27
104
Af-N
104'%
104'% 104%
50
104%
106%
101'%
102%
*102'% 102%
Af-N
92
J-J
A-O
55
54%
92'%
55
21
81
95
48
44%
58'%,
THE COMMERCIAL & FINANCIAL CHRONICLE
18 84
BOND RECORD
YORK
NEW
Monday, May 8, JL944
RANGE FOR WEEK ENDING MAY 5
Friday
Last
BOND8
Interest
New York. Stock Exchange
Week's Range
Low
Rochester
BONDS
Friday's
or
Bonds
Sale Price Bid & Asked
Period
High
No,
Low
M-S
•
1950
1st 4s
A-O
.
98%
J-J
43
Af-S
32'A
M-N
103'A
52'A
36%
36'A
28'A
33
120
28'A
34
1
70%
48
57'A
174
38%
72
53'A
30
1
104
62
127
62
•
,68'A
43'A
3
62%
62'A
63
18
43
69
29'A
29
29%
39
21%
32%
20
31
M-S
39'A
40
366
28%
43'A
39
18
27%
38'A
38'A
54%
*53'A
F-A
40
19
100
J-J
102'A 102%
2
F-A
*55
A-O
103% 103%
47
44
f-a
101
101'A
;
101%
100% 102%
52%
.65%
103%
105%
103
103%
65
*103'A 103%
J-J
105% 106'A
105% 106'A
123
124
A-0
108% 108%
107
108%
J-J
106 'A 106 'A
105'A
107%
A-0
*124
1968
1969
Gold 4'As—
—1981
San Fran Term 1st 4s
1950
South Pao RR 1st ref gtd 4s—....1955
Stamped ——
—;———Southern Ry 1st cons gold 5s
1994
Devel & gen 4s series A
—1958
Devel & gen 6s——
1956
Devel ft gen 6'As.
.——1956
Mem Div 1st gold 5s—..—1996 I
St Louis Div 1st gold 4s
.—1951
Southwestern Bell Tel 3Vas B——1964
M-S
Spokane Internat 1st gold
Stand Oil of Calif 2%s
3
99
350
69
84
80%
235
66%
80%
81%
444
65%
81 Va
78%
202
65%
78%
103% 104%
68
101%
f 367
191%
104%
99,%
105
112%
99
83
83%
79%
80%
-_.8Q.%— __80
M-N
104%
J-J
—
77%
78
A-0
98%
99'A
99%
J-J
L—
J-J
111
111 %
A-0
84
A-0
95% 100%
64
94
83'A
M-N
101
82%
•
30
112
2C9
73%
84%
38
84
92%
101%
100 »A 101%
A-0
103%
102% 103%
J-J
109
108% 109
5
100%
109
105% 106
80
100%
106
J-J
J-D
111
J-J
106%
96
104%
6
110%
112%
106 7A 106%
6
106'A
107%
2
110% 111%
110% 111
Apr
4'As—2013
*51
54
58
103% 103%
J-D
■105%
J-J
103%
....—1956
M-N
106%
Swift ft Co 2% s debs.——1961
M-N
~3
105% 106
F-A
debs..—1960
63
111% 111%
M-N
Standard Oil N J deb 3s————.1961
2% debenture—
i—........1953.
Superior Oil 3'As debs
100'A
100
99
1972
Southwestern Pub Serv 4s._
100
M-S
.1968
ref 3s series C_
9
109
106
110'A
~9
100%
102%
39
101%
102%
*106% 109%
F-A
101% 102'A
102'A 102%
102%
M-N
11950
*101
M-N
*101% 102%
M-N
*100%
104 %
107
101'A
102%
102%
,
„
..
102'A
100%? 101'/a
.
M-N
*102
101%
101%
*101%
101%
101'/a
M-N
*101%
101%
101%
May 11953
M-N
*101%. 102%
101'A 101%
11953
M-N
*101% 103%
101%
——I—1—a.. -May 11954,
M-N
?101% 102%
M-N
*101%.102'A
—
Nov
——
-
Nov
-
—
11954
.May 11955
...
103
M-N
102% 102%
102
A-0
®tockyards4%s w w—... ,.1951.
102% 102%
101% 102%
Vandalla RR cons g 4s series A—.1955;
Cons s I 4s series B—i
.—1957
M-N
M-S
Iron Coal ft Coke 1st-
gold 5s—1949
"Virginia Pub Serv 1st mtge 3%$—1972
Va ft Southwest 1st gtd 5sT—2003
F?A
*108%''
:
.102%
F-A
—
112
*112
*111%: 'Z* \
,
M-S
20
103% 104
1st
.
104%
60
103%
17
106
105%
106
106'A
103'A
105% 106%
102% 103%
*118
120
118
'
r"/
o
5s
cons
—.1958,
—
-Virginian Ry 3%s series A
*95'A
"
112
109% ",1113A
90'
...
96
110% 110%
110% 110%
1960
..
J-J
•101% 105 1
A-0
100
"
'93
;
93*
110%
15
104
93%
80
25
110
104
M-S
102
'
109%
111
„
w
Wabash RR Co—
-1971
J-J
.1981
Apr
AGen mtge inc 4%s ser B—.1991
Walworth Co 1st mtge 4s.—.— .1955
Apr
1st mtge 4s
series A.
AGen mtge 4s inc series 'A—
Warren RR 1st ref gtd gold 3%s. .2000
.1948
Washington Central Ry 1st 4s
Washington Term 1st gtd 3%s„—,.1945
1st 40-year guaranteed 4s_—
.1945
.1950
Westchester Ltg 5s stpd gtd...
Gen mtge 3'As
.1967
West Penn Power 1st 5s 'E_.—.....1963
1st ft
Q-M
*101
*101
J-D
.1977
48'A
101%
98
6
101
101%
101
..
104
101
118
118%
109%
J-D
108%
108% 109%
5
108%
M-S
106
106
5
106
111'A
111%
111% 111%
110%
112'A
98 %
J-J
M-S
.1946
106
20
99
98
224
.
99
88%
-
-104
46
104%
98%
118
77%
99
77
104
A..,.1946
99%
M-S
A 5s assented
Western
99%
38%
*118
A-0
:
78%
95%
7
101% 101%
101%
J-J
ser
56
18
99%
48
F-A
.1952
5%s series A..
128:
F-A
.1966
ref
.
48
73
47'A
48
100% 104
68
82%
7
78
99
F-A"-
3%s series I...
1A Western Pacific 1st 5s
.
76'A
72 Vb
77%
A-O
Maryland 1st 4s__
1st mtge
Western
92%
91%
93
104%
Union
Telegraph CoFunding & real estate' 4%s—
25-year gold 5s
—.C
30-year 5s
Westinghouse El & Mfg 2!As
1950
M-N
106%
33
101% 107
1951
1960
1951
J-D
106%
106% 107%
59
102
M-S
105%
168
M-N
West Shore 1st 4s guaranteed..,
2361
J-J
101%
68%
104% 105'A
101% 101%
—.2361
J-J
65%
Registered
....
Wheeling ft Lake Erie RR 4s_.
1949
Wheeling Steel 1st 3%s series B...1966
Wilson & Co
1st mortgage 3s
i960
{ A Wisconsin Central 1st 4s
ACertificates
of
.1949
of
106% 107
67%
69%
63%
26
66
108
38
M-S
96
95
A-0
96-
199
deposit
105%
101
101%
55%.
53
72%
67%
111%
91%
96
101%
*116%
J-J
67%
66
67%
M-N
17%
17%
18
*13%
17
109
103%
116 »/a
102% 102%.
J-J
107%
100%
110%
*110%
deposit..:
116%
57'A
74%
60%
{ASu ft Du div ft term 1st 4s
ACertificates
M-S
1958
Winston-Salem S B 1st 4s
.102% 104
*103
■
'
54
42
J-J
'
109% 110%
62
40
101'A
45
F-A
Pacinc Co¬
—
104%
109%
60
28'A
39'A
M-S
--Gold 4'As.—™——■
102%
42
42 %
*—■
.
—,—.—1979
102%
Va Elec ft Pwr 3'As series B—-——1968-
126'A 128
A-O
.——1959
107%
41
25
107% 107%
38'A
105'A
A-0
series A———1948
29
104% 104 %
104% 104 %
31%
103%
2
61
107%
M-N
2.65s-—.
Va
A-O
108%
j
104%
A-O
11949
Nov
2.60s
United
104'A;
"5
127
U-N
104
A-o
-.
——..May 1 1952.
.
2.50s
I'
102
104
104
102 %
11952
-
2.45s
76%
30'A
120
*103%
m-s
2
104%
J-D
1958
Nov
2.358
2.55s
83'A
22 'A
36
106
103% 103%
,
19
95
95
34%
36
103%
A-O
1952
Nov
2.40s
54'A
92
78%
*16
F-A
97
12
J-J
—May 11949
2.20s
-
103%
8
103% 104%
M-N
iJ—May 11950.
2.158
48'A
37%
37%
51%
J-J
—1950
Gold 4'As
■
49 'A
3
550
70
A-0
J-D
a
44'A
33 »A
95
J-D
112
19%
111% 111%
103%
Serial debentures
2.10s
44
■
43'A
78%
71%'
J-J
unstamped——1950
deposit
32%
20
21%
-
111
—
United Slates Steel Corp—
-
45
33
298
101'A 103'A
J-J
————Aug 1949
4s registered—
.—.—1949
1st 4'As (Oregon Lines) A
.—1977
ft
99
94
43
J-J
(Cent Pac coll)
1st
97'A
89 %
39'A
107%
116%
111%
J-J
....—1955:
United Cigar-Whelan Stores 5s.
United Drug 3%s. debs—...
'
of deposit—————
ISAAtl & Birm 1st gtd 4s.
1933.
lASeaboard All Fla 6s A ctfs——1935
A 6s series B certificates., .——.1933,
Shell Union Oil 2'As debs
1954
2%s sinking fund debentures
1961
tSASilesian-Am Corp coll tr 7s
1941
Simmons Co debentures 4s—
1952
Skelly Oil 3s debentures
1950
Bocony-Vacuum Oil 3s debs——1964
South & Nor Ala RR gtd 5s
—1963
South Bell Tel ft Tel 3%b
-1962
ds
4
32 »A
32
n
ACertificates
Southern
98%
93'A
40
106%
*__
*107%
F-A
..——1967
United Biscuit 3%s debs.
99%
92%
.
42'A
-----
stamped
debentures
81
*
1st ft land grant 4s..—..
1947
34-year 3%s deb—..
;
—1970
35-year 3Vis deb—j.
—1971
Ref mtge 3%s series A———1980
95'A 100%
95
10
debentures....
3s
68 »A
23
38%
103
Union Pacific RR—
72 >/4
107
38 'A
38%
jZJ
—-1950
L gtd 4%S—.1941
Depot 3%s B——1971
Bchenley Distillers 4s s f deb—
1952
Scioto V ft N E 1st gtd 4s
——1989
ISeaboard Air Line Ry—
3s
62'A
63
913A
98%
*91'A
1959
104
101%
A-0
106%
99%
91
High
101%
3
U
106
100'A
d97%
J -J
t§ASt P & K C 8h
<
105
—
d98
91'A
M-S
Bt Paul Union
6s
100
M-N
1945
J-D
19
~5
II'•
*72'A
-1971
103
109%
106
*68%
Low
7
102 % 103
M-S
16%
12
January I
No.
50
105% 105%
99%
bond
cons
—
11%
15%
jZJ
certificates——-—1989
A 2d 4s inc bond CtfS:—.—Nov 1989
J A 1st term ft unifying 5s—-—-1952
AGen ft ref gold 5s series A—--*1990
8t Paul ft Duluth 1st cons gold 4S-1968
tASt Paul E Gr Trk 1st 4%s..
1947
A 1st
-
ft Buff
Ham
2.05s
Louis-Southwestern Ry—
8 ARefunding 4s_
ACertificates of
■
39 %
13'A
15%
if- N
series A
...1978
ACertificates of deposit stpd
—
8 A 4s gold
*12%
111%
Ml'
108%
24
45%
,
A-0
ACOns M 4'/is
8 a 1st gold 4s
44
J-J
»—i»oo
of deposit
A Prior lien 5s series B
ACertificates of deposit
4s ;
45%
A-0
^Certificates
1st
—
"5
:
j .J
1959
..1955
tSt Louis San Francisco. Ry
A Prior lien 4s ser A_,—
*St
111%
J-J
194b
ft P 5fl stpd
St L Rookv Mt
—
108% 108%
.
J-J
2d gold 6s—
—1990
$St Louis Iron Mountain & SouthernRiver Si Gull Division
A 1st 4s stamped
.
1933
A Certificates of deposit
——
5s
*111%
.
M-S
Saguenay Pwr Ltd 1st M $%s
1966
St Jos ft Grand Island 1st 4s..—1947
St Lawr & Adir 1st gold 5s———1990
jASt L Peor & N W 1st gtd
Bt L Pub Serv 1st mtge 5s.
—
M-S
.1
Tri-Cont Corp 5s conv deb A_—..1953
Union Oil of Calif 3s deb....
M-S
M-S
A-O
Toronto
'
—
Range Since
Sold
Hiah
102% 103%
1st gold 4s—194d
Trenton Gas ft Elec 1st gold 5s—.1949
tSAUnion Elec Ry (Chic) 5s
*125%
Bonds
Friday's
Low
Union Electric Co of Mo 3%s
,
or
Sale Price Bid & Asked
High
ft Elec Corp—
Gas
Gen
Week's Range
Last
Period
Toledo St Louis & West
1977
rntge 4%s series D__
Gen mtge 33/4S series H—.— —1967
.—1967
Gen mtge 3'As series I
.—1969
Gen mtge 3 Vis series J
t§AR I Ark ft Louis 1st 4Vis— .—1934
.—1949
$ A Rut-Canadian 4s stpd
tSARutland RR 4%s stamped... .—1941
Friday
Interest
New York Stock Exchange
Range Since
January 1
Sold
1936
.....
.
Wisconsin Elec Power 3%S—
....1968
Wisconsin Public Service 3%s
.197.1
A-0
27
~8
109% 110%
J-J
70
16%
22%
„
18
15%,
109% 110%
107% 108%
*107% 108%
,
Y
Tenn Coal Iron ft RR gen Ss
—.1951
Terminal Assn St L 1st cons 6s
1944
Gen refund s 1 gold 4s
—1953
J-J
F -A
impt mtge 3%s series B—1974
Tcxarkana & Ft Smith 5 Vis A
1950
Texas Company 3s deb
;
1959
3s debentures
;
—.1968
Texas
&
Pacific 1st gold 5s
#
J-J
Ret ft
*106
F-A
111
100
99% 100
A-O
93
112
105%
.
106%
105% 106%
J-D
119
20
105
22
105% 106'A
119
119%
4
135%
119%
ft
90'A
90 »A
91%
36
81%
91%
ft
ref 5s
series B.—
—..1977
series C——...1979
A-O
Gen
A-0
90%
90%
90%
48
79%
91
Gen ft
ref 5s
series
1980
J-D
90
90%
26
80%
91
—1964
M-3
90%
110%
110'A 110%
24
110
61
D—
TexPac Mo Pac Ter 5'As A.
Third Ave Ry
1st ref 4s
AAdJ income 5s
i960
112
J-J
Tol ft Ohio Cent ref ft impt 3%s—1960
81'A
79
81%
71
81%
A-0
Jan i960
33'A
32%
34
.187
30%
37'A
102
1
96%
J-D
102
M-S
102
101% 102
M-N
103
102% 103%
6
101%
104
198
101%
103%
91% 100
105% 106%
M-N
„._.i.....l948
1960
1st thtge s f 3'As series D_
105%
Gen
ref 5s
Youngstown Sheet ft Tube—
Conv deb 4s_—.
103
111% 112
112
J-J
2000
118
'
102
'
Deferred
a
delivery sale not Included In the year's range,
d Ex-Interest,
e Odd-lot sale not
sale not included in the year's range.
rOash sale
Included in the year's range,
n Under-the-rule
not included in the year's range.
SNegotiabllity Impaired by maturity.
tThe price represented is the dollar quotation per 200pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
fCompanies reported as being In bankruptcy, receivership, or reorganized under Section 77 of
the Bankruptcy Act. or securities assumed by such companies.
•Friday's bid and asked prices; no sales being transacted during current week.
ABonds selling flat.
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
a
footnote
In the
in
and
AND
YEARLY
RECORD
deferred delivery sales are disregarded In the week's
range unless they are the only transactions of the
week in which they occur. No account is taken of such sales In
computing the range for the year.,
the
following extensive list
we
furnish
April 29, and ending the present Friday
include every security, whether stock
a
complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
(May 5,
1944).
bond, in which
or
week, and when selling outside the regular weekly range are shown
It is
any
compiled entirely from the daily reports of the Curb Exchange itself, and is intended to
dealings have occurred during the current year,
RANGE FOR WEEK ENDING MAY 5
STOCKS
New York
Curb
Friday
Exchange
Last
Sale Frice
Par
Acme Wire Co
Aero
Class
"
'
"
1
Electric
5
""*
Last
High
LOW
Week's
Range
Sale Price
Curb
of Prices
Friday
Exchange
Range since January 1
22
..
Sales
for Week
Range Since January 1
Shares
Low
High
S-Z'.
.50o
-III..]
-10
2
Appliance____. —3
Alabama
Great Southern
Alabama Power Co $7
preferretTI
$6
preferred..
Allegheny Ludlum
7% preferred
footnotes
-50
3
3%
2%
2%
2»/a
—
106%
Jan
Allied
Intl Investing $3 conv
4
Feb
Allied
Products
Feb
7% Mar
x8%
Feb
9%
13,600
.
1U0
—
2%
99
—
3
600
100%
170
2
Jan
2
Jan
35
Jan
2%
Apr
Jan
3% Apr
2%
Feb
35% Jan
3%
Jan
106% 106%
40
89
Jan
102
Mar
Feb
116
A
conv
Aluminum Co
6%
'
No.
High
Low
High
j.—._ .100
6%
Ltd
1889.
8'A
Jan
12% Mar
24
24
100
22%
Feb
25
24
24
100
23'A
Apr
28
Feb
31%
32
3.200
27% Mar
32
Apr
Mar
111
—*
Mfg...
common
;—
•
110% 111%
19%
•-
Aluminum Industries common
Aluminium
...
—
——
—10
new common—
Goods
—-
32
pfd—
(Mich)
preferred
Aluminum
--
•
common
9
19%
9
77
78%
98
78'A
98
900
100
100
300
50
•
109
18%
9
73%
98
Mar
Feb
May
112
Jan
19% Mar
16'A Jan
Jan
84
Jan
Mar
103
Feb
Jan
104% Mar
106% May
preferred
—
—
American Beverage common.——
Book Co
American
..100
page
3
——
21
Apr
6%
Class
...
24
Apr
3%
20
114
Steel—""
see
,
9%
—
Mar
300
7'A
8%
26
1
Alles & Fisher Inc common
1,500
....
3%
7
Jan
100
——
3%
7
1
Corp..
Investors common.....
preferred.:
Convertible
For
Low
1
common!^"""
Associates Inc (NJ)
Aircraft Accessories.
Air-Way
Shares
New York
for Week
—10
B
Air
Air
Range
'
common,
Supply Mfg class A
Ainsworth Mfg
STOCKS—?-
Sales
Week's
of Prices
American
—
Central
Mfg
-
1%
1
—
8%
7,
8%
4,500
Jan
28%
1
too
Jan
5%
Jan
2% Mar
33
Mar
8% May"
NEW YORK CURB
Friday
Curb Exchange
Range
Cities
American
25
1
Class B
4% %
6%
preferred
American
Mfg
common
Potash
American
Anchor
Apr
Jan
17
4.600
26%
Jan
28%
6
29
350
25%
Feb
29
2,500
16%
Feb
18% Mar
Apr
26%
Jan
Casco
Products
38
50
35%
Jan
43
Feb
Castle
(A M)
Feb
Catalin
200
22%
150
40
13%
13%
13%
1,800
10%
Art
14%
•
&. Refining
Oil
Jan
4%
Apr
Cessna
mA
Jan
Jan
Jan
Chainberlin
700
14
Jan
18%
Jan
Charis
3%
Jan
4%
1,700
4%
Jan
6
2%
200
2%
Jan
3%
Jan
2%
700
2% Mar
3
Jan
16
13
100
16
-
3%
106%
3%
Apr
3%
3,100
'10%
2.700
3%
Electric
'%
Jan
Apr
9%
Apr
City
10% May
City
Associated Laundries of America
Coast Line
Rayon
_•
700
7%
Apr
6%
600
5%
Jan
,
6%
Apr
75
Voting
1
8%
9%
43'%
8%
1,100
Jan
Club
Feb
Cockshutt
45
Apr
Apr
8% May
Colonial
1%
Jan
2
5%
Jan
8% May
10%
10%
300
5
25
1
& Sons common.
6% preferred
Ayrshire Patoka Collieries
8
V
5
Jan
5%
8
200
8%
8
Apr
Feb
4%
1,300
5%
9%
3%
10%
"5%
•
12 %
May
Jan
Mar
9%
preference
5%
Apr
Commonwealth
Jan
Community
Apr
Community
23%
23%
50
21%
Feb
23%
10%
10%
100
9%
Jan
10% May
-*
22%
21%
22%
6%
6%
20%
1,800
Feb
6%
900
6%
& Wilcox Co
Feb
Mar
25
Baldwin Locomotive—
Rubber
Barium
Steel
Barlow
&
Co
Corp
Seelig
A
Refractories
Basic
(L)
Baumann
Mills Inc
Tel
1
10
Convertible
100
1
•
common
$3
Bohack
7 %
(H C)
Jan
3'A
Feb
preferred
& Co
.
7%
7%
$5
1st
2d
14%
23%
200
21
23% May
Brazilian
Breeze
100
._*
:
Traction
30
1%
Brillo
Mfg
Co
Jan
6%
Feb
8%
Apr
12%
1,300
11%
Apr
15 y8
Jan
2%
900
1%
Jan
3
Mar
2%
44%
46
850
43%
Jan
48% Mar
12%
12%
200
10%
Jan
14% Mar
7%
46
Feb
11% Mar
80
British American
Am
Am
dep
reg——
Power
1%
%
Jan
6%
Jan
% Mar
17% Mar
300
2
1
Jan
3% Mar
Jan
21
400
9%
Jan
12%
Feb
2,900
2%
Apr
3%
Jan
21%
Jan
100
11
2%
18%
19%
10%
2%
2%
Brown
A
Rubber Co
common.
125
81%
Jan
115
Apr
100
12%
Jan
14
Mar
Hill
(P
H)
1%
13
18%
Feb
18
Jan
20
Feb
20
Feb
15%
Jan
17
Feb
3%
■
—
100
4
4
—
Jan
4'A Mar
Cork
Crown
Crown
Crystal Oil Refining
$6
preferred—,
Atlantic
Cuban
Cuban
Lighting
Curtis Mfg Co
common.
Inc
common
Class
Hosiery
convertible
A
prior preferred
$6
debenture
convertible
Calamba
dep rets 5%
Sugar
California
Feb
7% Mar
Jan
9
Jan
22%
%
800
103
Mar
Mar,
Jan
% Jan
Jan
Jan
4
5%
Feb
Jan
n6%
200
35
450
31%
Apr
37%
4,600
11%
Feb
17% May
11
Jan
14'A Mar
17%
15'%
17%
18
200
19%
-
34%
**»-.1
t
1
.
'
2%
2%
"
2%
100
Apr
10
~
Apr
1.100
6%
Apr
1,000
900
2'A
Apr
37%
Apr
4,600
7'/a
2%
2%
37%
39
63 "
65
Jan
4%
5%
6%
7%
2%
39
3%
Feb
10% Mar
6%
Feb
9'/a
Jan
3
Jan
47% Mar
A
Mar
22%
21
71
Jan
3/64
Feb
23
%
Apr
%
Feb
Jan
11%
Feb
1,100
200
Jan
3l»
56%
560
3/64
20%
9%
65
„
%
~~% **"%
200
% Mar
200
33'/a
"4% "4%
400
65%
700
64'A
100
34'A
34%
150
Jan
5
Feb
Feb
69
Mar
117%
105
Feb
4%
5
1% Mar
33%
Jan
4
63%
30
110
110
Jan
Jan
Mar
'
%
%
Jan
32
Jan
Apr
110 %. Mar
6
Feb
3 6'/a Mar
6'A
Jan
114'%
Jan
1'%
Jan
2
1,100
9'A
Jan
10%
Feb
3%
1,900
3%
Jan
3%
Feb
9%
500
9
Jan
110
100
Mar
106'A
Jan
850
12
Apr
13%
Feb
7
100
2
400
10%
3%
9%
7
"l%
10%
10%
3%
9'%
101% 102%
12
.
6%
6%
12
6%
7
7
Iff
Iff
4,000
5 %
Feb
%
Jan
Jan
2'A
10% Mar
6% May
tt Feb
14
Apr
2% Mar
86%
Jan
20
84
Mar
2%
500
2
Feb
2% Mar
75
23
Jan
29 % Mar
7,200
24
24%
26%
Apr
8% Mar
Apr
7%
•
Apr
May
86%
26
26%
Apr
115
26'A
85%
85'%
8'%
Jan
1%
2,200
12
28% Mar
2'A Mar
2'%
Jan
1
1%
13,600
%
Jan
1%
8%
1'%
8%
8%
1.700
3%
Jan
8%
Apr
4%
100
3%
Jan
4%
Apr
%
4
—
100
12
12
2%
2%
500
10%
Jan
Feb
14
Mar
Jan
%
2% Mar
Apr
2
24'%
25% Mar
Jan
Apr
10
20%
21
21%
8%
7
Feb
11%
3,100
19%
Apr
23% Mar
1,100
3'A
Jan
8% May
Jan
Apr
3
Feb
May
9
May
2 %
100
9
14%
Feb
17"%,Mar
7.200
17%
Jan
24% Mar
77%
Jan
80 %
Apr
Detroit
2%
1%
Jan
2%
Apr
23%
£5%
23%
22
2%
1.100
23%
2%
23
200
Jan
21
23
% May
&
16
*9%
15%
.
Steel Products
De Vilbiss
Co common
preferred
1%
Shoe common
Jan
"9%
Feb
Distillers
14%
Apr
17%
Jan
Divco
400
99'A 102
~9%
9%
9'/a
■
97%
1,300
—
3
—
m
4%
Feb
9 'A
Jan
31%
Feb
104%
.
——
Jan
Dobeckmun
Jan
Domestic Industries class A com
Apr
Dominion Bridge
5,000
Apr
3%
800
3
Apr
4
Jan
4%
100
4%
Apr
5%
Jan
Jan
50o
Jan
——
%
800
1% Mar
Jan
Apr
26
Mar
Jan
18% Mar
35
35
35%
220
33 '/a
Jan
36
Dominion
Co
common
Co Ltd
Steel & Coal B
Chemical Ltd
Dominion Tar &
4
4
Va
500
Hosiery
class B common
common
7%
3%
4% Mar
Jan
Jan
113
76%
76%
6%
1,500
190
77
77
Jan
65
120
Apr
Mar
Feb
Jan
7%
Feb
Jan
5%
73
79%
Feb
12%
Feb
13'A
Apr
19
Jan
20%
Feb
Jan
l'/a
Apr
3%
Jan
4%
Jan
20%
Jan
23% Mar
22
Jan
25% Mar
10%
Feb
10%
Feb
13% Mar
14 %
Apr
U
n
200
%
v,
3%
21%
3%
700
21%
200
21%
13
5%
7
5%
1,500
Mar
20O
5%
Jan
M)%
6%
Jan
5 s,'a May
6'%
67%
28
28
Feb
6%
67%
*
10
*
•
1
•
Mar
6% Mar
1
1
*
—25
*
Corp
Draper
17
Jan
4
%
3
9%
Feb
7
Apr
Feb
6% Mar
6% Mar
7%
Feb
25
67
Feb
72% Mar
50
26%
Feb
29%
74
4%
14
13%
Jan
Feb
79% Mar
Jan
5'/a Mar
4%
100
3'%
3
100
2%
Jan
10
200
9'%
Jan
200
500
1%
Feb
56'A
Jan
70
Mar
175
32%
Jan
40
Mar
0,11/.
.Tan
28
Mar
3'%
10
Jan
Mar
1 'A Mar
3 % May
1%
1%
3%
3%
100
3% May
6%
6%
100
5%
Apr
7
1%
37
Jan
15%
£1
1
...—
Corporation '
12
1%
1%
dep rets ord reg
33
1
Jan
24
400
Co Ltd—
"9
7,900
300
9%
16%
5,400
16%
20
1
1
10
10
10
•
Detroit
Diamond
__
36%
16%
6%
Gray Iron Foundry
Detroit Mich Stove Co common
■
35
16%
*
1
150
16'A
16
'
36%
5
——50
100
preferred
~1
Electric
Fire
pfd—
—£1
1
Estate—,
Tungsten.
Insurance
1
7'A
300
5%
Jan
footnotes
see
page
5%
7% Mar
5%
5%
1,600
4%
Jan
6%
Duval Texas Sulphur
pfd—100
1889.
7%
Feb
Jan
East
::
—
—
—
—
Gas & Fuel Assoc
4 Va%
67c
8
Assn
6%%
6%
10
Power
Corp
Canada. Cement Co Ltd
For
Jan
6%
Wireless—
&
American
Camden
85%
1
preferred—
Mfg—1
Gasket
6 7c
'
Durham
Callite
19.
n6%
Derby Oil &i Refining Corp com
Detroit
50o
8%
40
900
7%
II-
35
:
Dejay Stores
Dennison Mfg. class A common
Apr
12 %c
certificates
10% Mar
900
7%
10%
—•
-1
Mills
Dayton Rubber Mfg
Davenport
Duro Test Corp
trust
May
D
Duke Power Co
Voting
43
—8
common
Driver Harris Co
Cables
Jan
99%
9%
97
—8
(Mo)—
Petroleum
Darby
A
II
.if
•
.
Cable Electric Products common-
Jan
19%
5
*
—2.50
.
Apr
25c
1,250
101% 103%
*
.10
common
Sugar
Tobacco
Curtis
Am
common
17% Mar
109 % Mar
17%
625
.
7
-8
*
25o
28
International A
Drug Co common
convertible preferred
4 %
V
_•
dep rets
Feb
Jan
7%
*
Crowley Milner & Co
Crown Cent Petrol
(Md)
17%
2.50
13%
92%
10'A
1
Co
Apr
i._25
^
•
14,600
•
Liquidating Co
Feb
j
Power—
preferred
Corp Am
preferred
5
*
Sullivan
&
$3
common
3%
*
& East
15%
Jan
107%
43
14'A
dep
Brewing
tV Mar
%
99'/a
receipts (ord reg)—£1
Creole Petroleum
8
Croft
8% Mar
100
Courtaulds Ltd—
C W
Mar
93
Jan
925
%
Apr
.1%
1%
Petroleum
convertible
57c
110% May
Jan
Feb
12%
preferred A
American
Apr
7%
103'%
5o
*
1
*
1
50
Reynolds
...1
;
Burry Biscuit. Corp
Butler
13%
Feb
lVa Mar
$6
Jan
Jan
Jan
14%
.%
36%
100
preferred—
Inc d
Cosden
97
82
Jan
Jan
15%
•
&
Jan
7
8.%
8
6'%
•
,on
7% Mar
Feb
Mar
% Mar
43
Range Co
Cornucopia Gold Mines
Cor?
Apr,
150
91
9%
7%
Cook Paint & Varnish Co
Copper
17%
1
"
preferred
1st preferred
Burma
Apr
6%
100
Co
Fdy & Machine Co
Continental Gas & Electric Co—
Cont
*
$1.60
Inc
9%
1,500
——
Buckeye Pipe Line
$5
3,500
10%
*
•
(E L) Co common
Bruck Silk Mills Ltd
Burco
10%
*
Bruce
Bunker
9%
10%
1
preferred
Niagara
Feb
10%
13
class A
common
Forman Distillers
Buffalo
22
preferred—
Royalty Oil
Consolidated Steel Corp
8 7c
Consolidated
Coro
Feb
250
110%
..
89%
1
100
10
—*
10c
1
Consolidated Retail Stores
prior
110
110%
100
100
1
Consolidated Mining & Smelt Ltd
l7o
6
150
8
99% Mar
115
Jan
13%
1
*
preferred
series B
Textile
%
7.300
7
"7%
8
*
Consolidated
Consol
Apr
500
'%
Jan
7%
•
preferred series C
Gas Utilities—
4 7o
Jan
97
1
Consol G E L P Bait common
«%%
Apr
112
%
25
1
Public Service
Service..
Water
Gas & Coke Secur common
8 7a
prior preferred
Brown
Apr
10%
107
10s
..
Fence & Wire
Class
Apr
Ltd—
B
Class
Brown
Jan
400
13%
13%
1%
£1
£1
dep rets ord reg
Columbia
British
Mar
12
Tobacco—
ord
rets
Celanese
Amer
Mar
27
200
13%
•
Co
105
Jan
,,'10%
•
dep rects ord bearer
British
$5
Oil
American
British
Jan
,24
300
27
26
100
common
7% Mar
6%
50
12
*
preferred
Feb
200
10%
*
•
Jan
8%
19%
B
1%
14%
7%
•
Class
Jan
37
Jan
8%
1
Bridgeport Oil Co
Brill Corp class A
Apr
Jan
34
7%
~8%
.1
Bridgeport Gas Light Co
131%
Apr
12
50
Feb
Jan
%
900
%
14
Mar
4V4 Mar
Jan
Apr
35
%
14
14
Lgt & Pwr__
Corp common
Aeronautical
Brewster
Apr
127%
30
*
common.;
preferred
preferred
May
3 4 */4 Mar
_•
Bowman-Biltmore
Apr
9
Jan
300
129% 130
25
Inc__
66
Apr
6%
500
9
_100
Bourjois
Feb
14%
•
Co common..
Jan
3%
2%
II
•
1st preferred
5%
Jan
23%
2%
Borne Scrymser Co
Apr
Apr
14%
12%
•
16 %
4%
400
4%
Feb
65
Q
14%
1
optional convertible
(S)
2
2%
1
common..
Ridge Corp common
Bluraenthal
1,800
4%
•
Blauner's
(E W)
2%
_•
1
preferred
common
Birdsboro Steel Fdy & Mach Co com
Blue
Jan
.•
common
Berkey & Gay Furniture
Bliss
Feb
7%
1
common
Hedges
Blckfords Inc
40%
Jan
13
20
Canada
of
&
Jan
6%
100
common
Aircraft
Bellanca
Benson
39%
100
•
convertible preferred
$1.50
150
6%
2%
"2%
1
Inc
common
Brummel
Beaunit
40%
5
common
1st preferred
Ties
17c
Beau
'
Mfg—
convertible
$1.20
1
1
common
8Va Mar
'
6%
40
——30
preferred.. __________
7%
Baldwin
Bell
common
Jan
10
—
100
;__
$3 preferred
—
Consolidated Biscuit Co
B
9%
50
Southern wan ants..
&
Compo Shoe Machinery—
V t c extended to 1946
Conn
7%
114
6%
Jan
Jan
98
7
Jan
4'A
Electric—
Gas &
Columbia
21
8%
25
Arms
Fire
12%
Jan
114
Colorado Fuel & Iron warrants....
2,300
Jan
3 % Mar
100
7%
7%
1
7%
2,400
8%
1.100
ordinary
Airlines—
1.000-
Patent
3%
5
1%
8%
Colt's
8% Mar
•
common
8%.
1
for
Co
1%
7%
.1
—
Machine..
Purchase-warrants
Plow
Development
Colon
8'% Mar
_•
8
Jan
100
100
Corp
Utensil Co
Aluminum
8%
.5
(B F>
Babcock
Coal
Clinchfield
Feb
8%
98
*
Cleveland Tractor common
Apr
12%
Jan
31
300
44
Feb
'/'a
3
Feb
16'A Mar
•
Illuminating
Electric
80
Jan
111
Jan
4
Mfg
& Lambert
Cleveland
1%
1
Products
Automatic
Jan
7% Mar
2% Mar
;
Corp—
Automatic
%
1,300
-%
50
Co
warrants—
Atlas Drop Forge common
Jan
Feb
Jan
12%
10
..1
1
—
Inc
Lights
Neon
116
108%
21
♦
10
z\
Controller Co—
Clark
Claude
•
Corp
Atlas Corp
Ave.ry
10%
6%
_
Plywood
2,800
Auto Stamping
& Suburban Homes
Jan
3%
•
*
•
preferred
preferred B.
$6 preferred BB
Clayton
Associated Tel & Tel class A—
Atlas
8%
7%
10% Mar
•
.Atlanta Birm & Coast RR Co pfd—100
Atlantic' Coast' Fisheries
—:
1
Atlantic
60c
106%
Industries—
American dep rects reg—___,
Atlantic
$6
Jan
6,%
-
4% Mar
Apr
Jan
48%
8'%
1
Service common
Apr
50
50c
§Childs Co preferred
May
1,300
14'A
Co__5
10
5
—25
5
.4
1
..100
10
,
Feb
9 '/a
114% Mar
100
common
Apr
Jan
43
1
Co
25
14%
pfd—100
Metal Weather Strip
Corp
Cities
-9%
9%
g'A
4% Mar
97%
7%
10%
1
_•
Feb
Mar
110
A'rcraft
Feb
13%
•
com
Products
Cherry-Burrell common
Chesebrough Mfg
Chicago Flexible Shaft Co
Chicago Rivet & Mach
Chief Consolidated Mining
50
101%
101
Mar
18%
Feb
1.200
3'A'
10%
.
Jan
60
31/4
31/8
101
£1
Associated
,
4% Mar
4
107% 107%
Si Elec
Power 5%
Steel
Light 17c pfd
Central & South West Utilities
Jan
2%
—5
Co
Apr
York
Feb
13%
109% 109%
•
1
1
1
;
Power &
4%
8%
Breweries of Canada
Central
2%
2.50
Associated
Ohio
%
300
20
10
Gas
Hudson
New
Central
105%
15
43%
_•
America
15%
Jan
....
& Co
of
Corp
Central
26
4
43%
__
10
Metal Works common
Ashland
(J
3%
preferred.*
Equipment Corp new
Corp common
W) Co com
Carter
225
106% 106%'
'
'
Aro
Carrier
7,000
a/s
%
1
preferred
Central
1% Mar
Apr
"
$6
Apr
46% Mar
Jan
40%
1
Apr
91
Jan
1,800
40
25
_•
preferred
1
1%
25'A
40
Mar
Jan
2
Jan
7%
100
Carolina Power & Light $7 preferred—*
Apr
Feb
9%
43%
♦
Jan
Jan
Jan
14%
144
Js.n
X23
Apr
34%
Jan
1%
2,200
•
A
common
41 %
88%
1%
1%
.
•
Carnation Co
25
17%
__
9%
100
3%
6%
class
150
1%
.
107%
Arkansas Power & Light $7
Co
&
16
43%
5 % Mar
12'A
1
Products
37%
42'A
—
_•
-
.
Carman
City
28%
17%
—
Angostura-Wupperman
1
Apex-Elec Mfg Co common—
Appalachian Elec'Pwr 4%% pfd—100
; Arkansas Natural Gas common..
Common class A non-voting
Capital
25%
.2
;
Apr
Mar
Xl8
Apr
144
100
preferred
38
Co—
Fence—
Post
7%
Canadian Marconi
37%
Apr
5'%
4% Mar
•
6% Mar
5%. Jan
300
6
Jan
107
275
21%
Canadian Industries Ltd—
Apr
111
4 %
•
voting
non
Jan
Feb
21
25
21%
Alcohol-
voting
42%
29
17%
Chemical.:
&
27%
107% 108'%
Meter Co
American
Jan
%
15%
27 %
Range since January 1
Low
Kiffc
High
21%
25
preference—.
Industrial
Canadian
151%
1
•
i—*
American
Republics
10
American Seal-Kap common
2
American Superpower Corp com
10c
1st
$6 preferred
.
•
$6 series preferred
•
American Thread 5%
preferred
5
American Writing Paper common
•
Maracaibo
American
Feb
1%
600
400
37
-—100
Preferred
41%
36 % May
4.300
1
42 %
20
25
—25
.—100
—.
—
Co
B
17
6
Laundry Mach
:
Light & Trac common
American
Class
37"%
25
American
Feb
45
Feb
16%
108 %
commonlOo
$2 convertible preferred..
_1
$2.50 convertible preferred
1
Hard Rubber Co
A
36%
27%
Corp
American
Class
17
100
General
2% Mar
37%
l
10
preferred
American
II Apr
.
•
common
Electric
&
Gas
American
Hoe
&
41% Mar
38%
Cyanamid class A
10
Class B non-voting
10
American & Foreign Power warrants—
Fork
44% Mar
Jan
600
2'/a
Participating
38% Jan
50
2%
Shares
Low
Par
35%
150
37
„
American
American
40
37
__
for Week
Canadian Car & Foundry Ltd—
39 %
25
A
A
Sale Price
tilUH
Light—
&
Power
class
Convertible
Class
Low
Sales
Range
of Prices
Last
Exchange-
Range since January 1
Shares
High
Low
Curb
York
Week's
Friday
STOCKS
New
for Week
of Prices
Sale Price
Par
,
MAY 5
Sales
Week's
East
STOCKS—
York
New
EXCHANGE
FOR WEEK ENDING
RANGE
1885
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4279
yolume 159
prior preferred
preferred
Eastern
Malleable
Iron
common
•
100
100
25
1%
65
35
63
33%
1%
65
35
2% Mar
1886
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Monday, May 8, 1944
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING MAY 5
—
800
8%
35%
100
5%
14%
5%
19,20b
5
8%
88%
88%
90
55%
56%
600
%
1.300
9%
200
%
9%
83%
700
Feb
11%
Apr
200
1%
1%
4,300
1% Mar
36%
400
1%
1
36
~5%
1
Esquire Inc
<
........
Eureka Pipe Line common-—. -.50
1
Eversharp Inc common——..—
5%
5%
31%
47/s
100
31
19
Co———1
Airplane———-1
Brewing
—
1
Metallurgical
.,
*•
19
18%
200
38
Jan
6%
34%
Fairchild Camera & Inst
9%
9%
900
7%
1%
2
2,600
1%
Jan
Falstaff
Fan steel
_*
.........
5 %
25% Mar
50
56%
63
Feb
4%
500
20%
Jan
Jan
70%
3
16%
3
16%
16%
12%
76%
Feb
18
Jan
14% Mar
66%
Jan
Feb
45
Georgia Power $6 preferred.
$5 preferred
Gilbert (A C) pommon—
Jan
X68
70% Feb
1% Jan
40
300
2%
16%
Home
I %
Apr
Jan
13%
Feb
4
Jan
8%
16%
.17%
3,300
16%
Apr
16%
17%
".7%
16y8
1,000
16%
Apr
:19
7%
7.%
700
7% Jan
1% Jan
Apr
,2
•
24%
22%
1/4
A
24%
31%
.48%
9% Mar
19% Jan
Feb
24% Apr
18% Mar
500
31%
48%
'47%
,
Jan
8% Mar
-iBff Jan
32
Apr
48% May
v
lVa Jan
25% Feb
^12%, Jan
a
9%
Jan
7
200
9%'
% Mar
%"
%
Xl9%
400
75
17%
Jan
;;
.8%
8%
400
7%
Jan
;v
1 "•
1'
200
:
19
Xl9%
\
'
.
% Jan
20V4 Mar
9
% Jan
Mar
1% Mar
2%
3%
1,300
2% Apr
3%
Jan
5%
6
3,100
5
Jan
7%
Feb
2%
Jan
2% Mar
87%
Feb
94% Mar
70
92
Feb
100
10
100
Jan
106%
Apr
18
Jan
20%
Apr
121%
Jan
1%
400
Jan
P-
preferred—100
Jan
91
Jan
78
100
75
.
Jan
8%
130
10
46%
Feb
Jan
41%
Jan
'
Apr
Kobacker
105
9%
1,000
14
13%
38
38
106
14
16
Feb
Apr
Apr
9
Hi
%
*
106
%
32
Feb
104
10
Jan
%
1,500
Mar
11 %
106
Jan
~7%
30%
Feb
32
Jan
7
Mar
31%
31%
50
5%
5%-
400
...5
,
8%
9%
900
7
Jan
11%
89%
9%
loo
—
90%
680
84
Jan
-25
Paper.——
134%
132
75
*
20
Jan
106
Mar
84% Feb
'95
Feb
12%
Feb
13%
7%
Jan
85
85
30
~9
100
50
47%
50
14-
Jan
136
13%
14
1
11%
B.
—
32%
50
29%
Jan
33%
Lionel
100
6%
Feb
7%
Jan
3% Mar
4%
Corp
Utilities $5.50 pfd
preferred—
Gypsum Lime St Alabastine——
Gulf States
108% Apr
U4
—
Loblaw
114
111%
114
Jan
3
Jan
Jan
3% Mar
109% 109%
100
105%
Feb
11%
9%
Jan
12% Mar
Jan
26% Mar
6J/4 Apr
600
11%
*
Class
Groceterias
Lynch
Corp
Mar
iT«
5 Va Mar
Feb
3
35% Mar
Jan
26% May
29%
Jan
10
Apr
11% Mar
10% Feb
10%
1%
100
26%.
,10%
Jan
11% Feb
2,900
-10
.
24%
24%
150
2%
2%
22%
1,400
2%
—
Feb
A..
Feb
16%
8%
300
15
4,200
8
%
%
6,800
16%
-
8%
%
■
51
Jan
69% Mar
61%
1,475
49
Jan
61%
7%
6,700
67.
66
68
.100
60
59%
*
,
7%
7%
112
112
27
27
—8
1% Jan
Feb
375
.100
—1
Jan,
IS
Apr
,
2% Mar
20% Apr
17
Apr
8% Apr
Jan
8%
—5
25
1% Jan
18%
common
Feb
200
%
%
26%
•„
—3
—
110
5% Feb
25
Long Island Lighting common——
7% preferred class A——
r—
6% preferred class B
—.
Louisiana Land & ExplorationLouisiana Power & Light $6 pfd...
Apr
Mar
May
15
21
Lone Star Gas Corp new common- ..10
-**
,
Jan
110
40
50
Jan
12
200
1
Locke Steel Chain
Feb
_•
Jan
Jan
37
1,000
preferred—.
Lit Brothers common
Jan
6%
Apr
9% Mar
2%
1,120
•
2%
2%
j*
....
Line Material Co..
Mar
6%
9Ya Apr
2%
—I
Oil Development——*, —23
—1
Le Tourneau (R G) Inc
—_
Feb
32%
common- .250
$6
16
Ja«
100% Jan
~9
Leonard
93% Mar
134
Greenfield Tap & Die—
Products
8 %" Feb
180
102% 103
Lipton (Thos J) Inc 6% preferred. -25
Non-voting common stock—i.
7% 1st preferred—
Jan
16% Mar
12% Mar
200
■
f
Jan
4%
56
%
Feb
Mar
15%
>
..100
RR
Convertible
Apr
20
—1
Gray Mfg Co
*
Great Atlantic St Pacific Tea—
"9
"9
—
109 V*
Class
Apr
70
100
IlO
—
100
Langendorf United Bakeries class A—*
May
% Jan
Jan
6%
69%
Jan
5% Mar
Mar
-1.
——
Lane Wells Co common——
Apr
Jan
5%
6%
69%
...
—....
Co
Lefcourt Realty common.*—*.
preferred—*——
Feb
3
4% Jan
12
.1
Lakey Foundry & Machine.,
—
5
Lamson Corp of Delaware.
Lane Bryant 7fc preferred....— -.100
—50
common.
15%
15%
—1
(N J)
Lake Shore Mines Ltd
40 % Mar
37%
150
55
Feb
800
Feb
L
Lackawanna
11% Mar
15% Feb
13%
2,700
38%
Jan
10%
14
Jan
2%
1,100
5%
.10
85
Brewing
)..
66
(S H) special preferred—10
Kreuger
.
Jan
111% Feb
Jan
56
51% Mar
106
Grand Rapids Varnish.
2Y8
2%
5
%v Feb
Mar
II
Feb
80
62
60
2%
convertible 1st preferred..—-100
Kress
Mar
112% Jan
51% Mar
17%
45%
61%
103
4%
11% Mar
47
10% Feb
10% Feb
Jan
300
...
Inc—.—•
Stores
Feb
124
9%
111%
Koppers Co 6% preferred,——100
Kresge Dept Stores—
Mar
83
111
' Ma?...
100% 'Jan
13
May
9% Mar
12%
12
12%
•
(D Emil) Co common
(I B) Rubber Co——.
Knott Corp common.
2 % Mar
,
20
122% 123
5
-—
Kleinert
Mar
75%
82
Klein
Apr
1
Inc
Kirkland Lake G M Co Ltd———I
17% Mar
120% May
1%
10
L.•
class A—
106 " 106
—
Feb
il Apr
100
1%
——•
Mines.,;
250
-99% 100,
preferred.......————100
>.——
—100
preferred
Kings Co Lighting 7% pfd B——-100
5% preferred D————100
Kingston Products————-.1
Kirby Petroleum..
———I
Feb
74
1
80 %
93%
Key Co common
—
—*,
Kimberly-Clark 6% pfd——.i——.100
Mar
79%
1
82
93 '
Ken-Rad Tube & Lamp A——...—'.*
,
Jan
115
30
—*.
...
Mfg Co.
Grocery Stores
200
3%
Kennedy's
Feb
...*
1
Great Northern
8%
6
7%
Apr
3
14%
900
17
120%
119
•
;.
Mfg
76
8
preferred—.
Gorham
7% Jan
3%. Feb
16 y8
8%
....
(F L)
6%
Jan
3%
Godchaux Sugars class A...—*
$3
8
*
Gladding McBean & Co..
Gorham Inc
Feb
12%
76
2%
—*
•
*.
Consolidated
10% Mar
2% Apr
15% Jan
Mar
if Jan
76
1
....
Goodman
Jan
425
K
46%
Goldfield
3,100
Julian 8b Kokenge Co
Mar
58
80
7%
preferred
B
7%
3,000
3 %
16
'
Jan
16% Mar
50
63
Gen Water Gas & Electric common—1
Class
.
-
Engine Co
—1
Co——————l
Jeannette Glass Co....
——*
Jersey Central Pwr & Lt 5%% pfd—100
Apr
4
37
66%
—
$7
9%
3
Mar
Jacobs
Jan
10%
200
12%
2%
Feb
3
100
......
Coal
17% Mar
Jan
2
preferred series A
10
General Fireproofing common
Gen Jas & Elec $6 preferred B—
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred
•
General Rayon Co A stock—
♦
General Shareholdings Corp com—
1
$6 convertible preferred.,
•
Aldeu
84% Apr
8%
Royalty....——-—*——-1
voting trust ctfs—
Irving Air Chute.———
——1
Italian Superpower A——-—-——*
»
5%
Glen
32
Feb
14% Jan
15%
21% Mar
....•
Co
Jan
77%
100
3%
16
Iron Fireman Mfg
Feb
19% Feb
20%
20
100
*
Gen Electric Co Ltd—
(
27
450
16%
Investors
Mar
Apr
4%
Amer, dep rets ord reg
.....J6l
General Finance Corp common———1
Gilchrist
75
82%
16%
Feb
56%
•
common
—
28%
80%
Feb
100
300
1% May
.
28
1
5%
—5
Alloys Co
Preferred
Apr
Jan
Jacobs Aircraft
preferred—
$3
1
Interstate
———
Gellman Mfg Co common—
General
900
25
Interstate-
Mar
Kansas Gas 81 Elec 7%
Co
1%
Equipment—*.*.*—-1
15ye Mar
18-
4%
Feb
Feb
1%
Feb
Feb
4%
66%
70
Jan
Jan
Apr
110
55%
44
12%
7%
Mar
24%
14%
5%
19%
Brewing Co—
Power
30
80
■
Feb
,23% Mar
42% Jan
46% Jan
106
330
100
25% Mar
Distilling—.,.
—-1
Froedtert Grain & Malt common
1
Fuller (Geo A) Co
—-1
$3 conv stock
u•
4% convertible preferred......—100
Gatineau
1%
10
Feb
250
100
B voting
Ford Motor of France—
Amer dep rets bearer
Fox (Peter)
Franklin Co
22%
52%
80%
$1.75 preferred
———**
$3.50 prior preferred.—————*
,
500
Jan
Jan
Hosiery Mills
*——--•
Interstate Power $7 preferred—..*
Jan
56%
20%
•
12% Jan
1
Mar
5%
—-•
107%-108%
51% 53;
55%
—...——100
:
9
33
15
Co..
non-voting...-
Class A
100
Apr
12% Jan
10% Apr
11
Apr
6,600
15%
Federal Compress &
Class
9%
108%-
..100
common.;—.1
.*
coupon- shs—•
Registered shares——
International Products ——10
International Safety Razor B———*
International Utility class A—.—-•
Class r B
—.—•
15
Association
200
300
International Petroleum
Apr
Apr
15%
—
--—-5
Warehouse Co—25
(Phila)—...
10
Ford Motor Co Ltd—
Am dep rets ord reg—i—*1;
Ford Motor of Canada—
Fedders Mfg
Fire
2%
preferred
Warrants
10 % Mar
Jan
Fairchild Engine A
High
6%
International Minerals and Chemicals-
Mar
23
Feb
2,400
International Hydro ElectricPreferred $3.50 series———.50
Mar
Mar
11%
11%
9%
International Industries Inc..,—_—1
International Metal Industries A
.**
1% Mar
Jan
11
11%
International Cigar Machine
Jan
11%
11%
11%
•Insurance Co pf North America—.—10
Mar
11% May
42% Mar
8% Jan
preferred——
7%
Apr
44
7,500
11%
-10o
10%
116
30
25
Low
*,
Industrial Finance v t c
1 % Mar
8% Feb
8% Jan
103% Jan
11%
Z.Is
7%
,
65% Mar
30
11
109% 109%
11'%
Feb
33
31
Range since January 1
High
5% Jan
£1
Indianapolis P & L 5 % % preferred.100
Indiana Service 6% preferred——100
10%'Mar
95
.
Shares
.
Ireland
93% Mar
Jan
Sales
for week
of Prices
Low
dep rets regis
£1
Imperial Oil (Can) coupon——•
Registered *
—¥—•
Imperial Tobacco of Canada
—
5
Imperial Tobacco of Great Britain &
15% Mar
Jan
31
31
Am
Jan
6
Week's
Range
'
Par
48% Feb
Jan
Jan
-,
Imperial Chemical Industries-
Jan
40% Feb
40% Feb
88% Jan
46% Apr
% May
1.300
%
1
Lasi
-
Sale Price
1
14% May
7% Jan
50
"8%
..
4
Equity Corp common
—
$3 convertible preferred——
43
43
6% pfd.., ..100
stock.
Empire District Electric
200
14%
—15
Empire Power participating
Emsco Derrick &. Equipment
37%
5%
56%
Mfg.——,
Electric
37
*
preferred..——*—
$6 preferred.
——
Electric Power & Lighted pfd A-.
Option warrants—
....—Electrographic, Corp—
Elgin National Watch Co—..—
350
90
■
$5
Emerson
37
88%
common.., a—B
& Share
36%
Z—*
% Mar
33% Jan
33% Jan
500
.
Friday
Curb Exchange
High
LOW
High
Loto
43
New York
Range since January 1
Shares
,
Economy Grocery Stores—-—
Bond
for Week
of Prices
Par
ja
States Corp
V
$7 preferred series A
$6 preferred series B
Eastern Sugar Associates—
1
$5 preferred v t c
Easy Washing Machine B——, ,—*
Electric
Sales
Range
Last
Sale Price
Eastern
STOCKS
Week's
Friday
STOCKS
New York Curb Exchange
160
112
27%
150
1%
1%
7%
112
Jan
100
May
28% Mar
26% Mar
500
7%
Feb
7% Apr
6% Feb
109 'A
H
Hall
Lamp Co
Bridge
8
Hamilton
Ltd
Co
7%
7%
5% Jan
1.200
—.*>
Paper—.—.—10/
Hartford Electric Light—;
25
Hartford
Rayon voting trust
Brewing Co
Harvard
Hat Corp
Hazeltine
Corp
Hecia
Mining
Co
1%
400
1%
Feb
1%
2%
Jan
4%
5%
5%
44%
•
...
Co
Holophane
Horn
(A C)
St
5%
HubbelL (Harvey) Inc..
Humble Oil & Refining
Hummel-Ross
Hussmann
Huyler's
Fibre
Ligonier
..
common.
-
50
12
Mar
Jan
18 Vi
Apr
22
600
24
Feb
500
9% Mar
13% Mar
15%
—W
10%
12% Mar
13
—
..
10% Jan
Jan
Mar
..
„
4%
100
27
'
33
3%
119
—-
25%
;
..
18
18
43
..
43
43%
5
5
—
..
350
2%
..
•
—
Jan
36%
Apr
4% Mar
119
Apr
Jan
Apr
25% Jan
2%
2%
22
22
**»•»
—
111
,100
17%
3,800
38%
__
■'
27
200
4
Jan
Apr
100
Apr
Apr
20V2Mar
Jan
43%
Jan
6%
400
113%
Jan
2%
Jan
20%
Apr
5% Mar
Jan
8% Mar
3%
Feb
28% Apr
■
Dividend
Illinois
arrear
—
10%
—
10%
300
Chapman &
Warrants
Zinc
For
.1
-
page
Michigan Steel
26
Jan
7
100
4
Tube*J*_...2l50
9
220
10'.
West
;
Corp
....
common
4%
3%
4%
1,300
50%
6%
51%
6%
200
41
Jan
~6%
800
6
Jan
3% Jan
1%
2%
43,500
2%
Jan
,
Apr
4Vb Mar
52% Mar.
8
Feb
Jan
1%
Apr
99% Mar
1% Jan
103 %
Jan
%
*
Feb
10%
159
Jan
4V
2V4 May
3% Apr
2% Jan
36
2%
:
<
^
.
Jan
36
110
:
Jan
116
2%
300
2%
2%
4% "
4%
150
6%
200
4%
,
'.6%
'
Feb
Jan
1
Apr
•3%
Apr
5%
Jan
Feb
Feb
'iS Mar
6
Jan
Mar
7%
Jan
Feb
7% May
7%
7%
5%
Jan
11%
11%
11%
2,900
8
Jan
12%
Apr
1
-3%
2%
3%
4,100
1%
Jan
3%
Apr
5
10%
10%
10%
4,600
,97/a
Jan
11% Mar
Jan
10
.1
Middle States Petroleum class A vtc.l
Class B v t c
Jan
8% Mar
138
Jan
7%
Feb
2%
1,600
.•
Micromatic Hone Corp..—
Middle
Jan
1% Mar
{S Jan
6%
500
8%
_
—•
100
—1
Preferred...
'
—
9% Jan
**—
13
—
:
400
7%'
r
,
'
9
Midland Oil Corp $2 conv preferred—•
Mar.
Mar
Midland Steel Products—
Co common**—
Abrasive
Apr
Midwest
Piping
Mid-West
9%
Jan
15%
Apr
Apr
Mining Corp of
9% May
11%
Jan
Minnesota Mining & Mfg
3,200
500
23%
2
Co
&
Supply
Refineries
;
Canada—I
23%
1%
300
8Vs
Jan
15%
2%
300
2
59%
375
52
_
_
5(L„
8%
Jan
15%
8%
2%
:
2Yt Jan
'
15%
-
17
58
Mar
Apr
Jan
2 % Mar
Feb
1*8 Jan
1% Mar
•
Apr
26% Feb
Jan
*
8%'
23%
.
Apr
500
2
.1
_•
Jan
225
24%
10
Oil
8%
14%
•
50
49 %
10%
'
8%
48
20
$2 non-cum dividend shares——*
Jan
9%
1889.
Feb
4%
■
——
Michigan Sugar Co..*.
,v
Jan
12%
•
see
7%
3%
———25o
Participating preferred.^
—15
Metropolitan Edisan $6 preferred...—•
Michigan Bumper Corp new—
-_1
4%
141/0
Co
footnotes
19
600
Metal Textile Corp.—
43%
7%
47%
.
——
6%%. A preferred...
Messabi Iron Co.
J*
500
o
48
II
•
Scott—.—
5.600
•
.—50
ctfs
33% Mar
100
1%
156% 159
"9
159
....—«_*
common—
Midwest
common
preferred
—
6%
1
7%
~7%.
•
•
—•
200
22
6%
.
•
Mercantile Stores
Midvale
conv
20%
6%
Memphis Natural Gas common.:.—.,.3
Mid-West
5 %
Feb
'
..
Sygrade Food Products——..—.8
Illinois Power Co
—
McCord. Radiator & Mfg B—
McWilliams Dredging
Mead Johnson & Co—.
Merritt
81
,
1
Massey Harris common
>
2% Mar
8% Mar
Jan
Com¬
•
*
30% Feb
Jan
Feb
33
.
....
Mass Utilities Association v t c
Apr
14%
19
28%
V
'
•
1
1
—
1st preferred,
Hydro-Electric Securities—
13
200
19%
—
27
..
•
—5
—
Jan
9% Jan
Marine
Ltd
Co
*
Co..,
Margay. Oil Corp...—...—,
Marion Steam Shovel..
;
May
12
May
28% Apr
20
Apr
16% Mar
'
..5
—
,—
47
Mfg
International
munication
Jan
(The B) Co.—.
Consolidated
Marconi
Jan
5% May
Jan
4%
..
*
Corp...
Co
11%
"300
26
.*
—
100
—
13
6% Mar
30
1%
5%
81
—
—*
———
14 y8 Mar
'
—1
Baking Co
Hardart
preferred
Jan
10
„
100
..*
•
Co common
Horn & Hardart
Horn
Manischewitz
Mapes
7% Mar
..
.
•
Hormel (Geo A) & Co common.
Jan
100
10
•
—...
6%
12
18%
27%
...8
common.;
Inc—
1,700
26%
19%
—
—10
Hollinger Consolidated G M._
Jan
'.
.
2.50
41 %
12
,
*
—.5
i
Jan
26%
—
.25
...
Apr
47
7%
13
...2
common..
,
'
...
Apr
3%
150
5%
7
_•
5%
26 %
29
4%
**7%
100
200
5,600
5%
29
~4%
Henry Holt ft Co participating A—.*
Horder's
optional warrants...—.*
Mangel Stores
—.—......1
$5 convertible preferred—..
—•
Apr
250
Heyden Chemical common
Hoe (R) & Co class A
Manatl Sugar
Feb
1,012
•
.
Hewitt Rubber common—
Mar
3%
50
Preferred
50
1%
.5
....
Class. A...
Heller
Jan
47
20
3%
1
com
—
Helena Rubinstein
Jan
Mar
.
—
Co
5
24
.1
Stores common-
preferred
50
49
M
Mar
Jan
Mar
1
of America B non-vot
Hearn Dept
6%
ctfs
8
5
x 19%
Hammermil!
.
59% May
Volume 159
THE COMMERCIAL & FINANCIAL
Number 4279
CHRONICLE
1S87
NEW YORK CURB EXCHANGE
RANGE FOR
STOCKS
New York
Curb
Friday
Week's
Range
Last
Exchange
Sale Price
Minnesota Pwr &
Low
..100
6'
Missouri Public Service
Mock Jud
Voehringer
Molybdenum
102
-100
Light 1% pfd.,.
Monroe Loan
——
114 Mi
Apr
Phillips
Packing
8%
Jan
10 Va
Apr
Phoenix
Securities
Jan
19% Mar
Pierce
10
Mi Apr
Pioneer
22
Mar
__
18%
Moody Investors partic pfd_—
Mtge Bank of Col Am shs.
300
10
14
'f
8% Mar
3,100
19
3%
100
15%
Jan
2,300
2%
Feb
;
4
"
—
„
172
'
'U-
168
•
1%
172
16Mb
•
16 Mi
Governor
Gold
pfd.—
Co
Mines
.-
16Mb
250
■
—
......
—
28 Ma
W'
-
"
"
,
9
__
Pitney-Bowes
Pitts
Bess
Postage
L
&
E
City Copper commonStates
Power
States Tel & Tel——
Mountain
■
6
*
common
1%
1%
5%
1%
,
.10
Producers
Mountain
6
III100
2% Mar
Pittsburgh & Lake Erie
Pittsburgh
Jan
18%
Feb
Feb
32
Apr
Plough
Jan
Pneumatic Scale
Jan
Feb
Jan
9Mt
Inc
7%
preferred
National
—
$3
7.50
common
National
25c
2%
~2%
"2%
3,200
Alexander
5
6%
6%
6%
600
—*
Pratt & Lambert Co
Polaris Mining
Co
Steel
National
Feb
16
Mar
13%
6 Ma
Jan
10% Mar
Jan
80
64
Jan
Mar
Gold
Premier
National
Tea
Car
Producers
of
Tel
& Tel
Clock
New
Process Co
Apr
12
7
10
9% Apr
300
II Ma
Y
Auction
Y
800
11%
Jan
1
13
1MT
IM2
100
4%
41/4
1,800
Y
&
Co
112
111
700
4%
Jan
Apr
shares
1st
5%
Feb
5%
2d
Class
A
Class
B
Railway & Utility Investment A
Feb
Rath Packing
Apr
60 M2 Mar
Raymond Concrete Pile common
$3 convertible preferred
20% Mar
Raytheon Manufacturing
Jan
18
Feb
10
104
7%
Jan
75
V. IOM4
47 Mi
Apr
6%
2,900
106%
Jan
Jan
10 Mi May
Class
A
Nipissing
Noma
Reliance Electric & Engineering.
6%
Republic
Rice
American
Northern
Jan
300
2IM4
Jan
100
11%
112%
Jan
50
26V2
14%
60
109
109
65
65
65
.50
„
102
-
Mar
Mar
Richmond
10Mi Mar
26
Jan
North
Penn
RR
Nor Indiana
1%
2%
Jan
Apr.
105 Ma Mar
771%
65
Jan
109
May
III
10
64
Feb
75
781/2
,
Texas Oil
350
65
10
Northern
5%
5%
105
Jan
3%
Apr
Feb
Co
A
Apr
Jan
Cable
Rome
Petroleum
Root
Ohio
Edison
class
Co
$6
Jan
106 Va
Oilstocks
$5 Mi
9%
100
9Mi
Jan
9% May
111
1,300
1%
Jan
2 Ma
Feb
5%
5%
600
4M2
Jan
6 Mi
Jan
%
12
5,800
114% 118%
375
%
.
118 Mi
27%
27%
200
v
%
103
Jan
%
Jan
120
27% May
28
31
1
1
1
5
5
9%
9%
9%
;
Mi Mar
31
Jan
52% Mar
*
Feb
Apr
Mar
54 Mi Mar
600
%
Jan
200
4%
Jan
5M2 Apr
7
Jan
10Ma Mar
1,000
87 f:
1
Mar
87
Jan
108
Mar
Feb
116
Mar
25
12%
121/4
12%
3,400
24%
Ltd
24%
200
7 Mi
Jan
14%
Jan
23.
2 7 Mi Mar
3%
3%
1,600
3%
Apr
20%
Apr
20%
75
18 Mi
Jan
30
109
Jan
112 Mi
Feb
50
112
Feb
115 Ma
Apr
100
115
Jan
118 Ma
Feb
100
108
Jan
112
1%
5,800
200
2%
Apr
21% Feb
Jan
Jan
24% Mar
_
12% Mar
11 Mi
"3%
4 Ma
13%
%
800
Jan
4%
Jan
14 Me
14 May
2 Ma May
300
Jan
3 M*
7,300
13%
4
13 Ma
3%
11
2,400
100
Ma
Jan
pfd D
100
70
Feb
Apr
1Mb Mar
Jan
% Mar
108
105 Ma
Jan
*
13 Ma
Apr
15%
5
10%
Jan
12% Mar
2 Ma
Feb
5
Apr
108
108
1
5%
6 Ma
20
*
6 Ma
9.500
18%
18
400
Petroleum
Jan
Mar
18
Jan
8
J an
9
Mar
3%
3%
100
3 Ma
Jan
4 Mi
1%
"l%
~1%
900
V/a
17
1
•
1
common
19
3%
2 Ma
Ave—.1
2%
6V2 May
Jan
Jan
17 Ma
Apr
Feb
5
•
Jan
Feb
5V2
Apr
Jan
2%
Feb
St
St
$2
A
156 Ma
Feb
8%
9%
6.700
8%
Feb
10 Mi Mar
1
3 Ma
3Va
3 Ma
100
2M4
Jan
4% Mar
5
•
2 Ma
"2 Ma
2Mb
100
common
1
"2%
preferred
25
Savoy
Oil
Co
common
common
(D A)
Convertible
Manufacturing—
$6
Electric
4M4
4%
4%
3,600
250
148 Ma 149
*
Co
Setoff
Scovill
Feb
Jan
9%
United Corp
Sanford Mills
Scranton
~5%
148%
Oil Co
Samson
Schulte
2% Mar
Jan
—1
common
preferred
Dome
4 Mi
5
—100
Regis Paper
7%
Salt
pref
conv
2% Mar
•
50
Corp Ltd
Lawrence
Class
146
.
16
2%
25
30
69
29 Mi
Jah
32
Apr
2M2 Mar
17 Ma Mar
6.000
1%
3 Mb
Jan
50%
Jan
500
30
38%
Feb
Jan
1%
14
1,375
2%
65%
69
100
16
27 M4
Apr
70M4 Mar
Jan
x32
Mar
Apr
Ma Mar
•
preferred
Scranton Spring Brook Water Service—
Steel
Co
81
300
9%
Jan
12
3%
1,200
2 Ma
Apr
3M2 May
40
Jan
42% Mar
"lMa
VA
2.500
1
Jan
,7 Ma
7%
7%
800
6%
Jan
8% Mar
16 Mi
Feb
17% Mar
%
Apr
10
3 Ma
3
1
*
*
Selby Shoe Co
Selected Industries Inc common
Convertible stock
74
10 Mi
1
*
Inc.
74
•
common
Securities Corp General
Bros
Feb
10 Mi
Ma
"lMa
—*
preferred
$6
Scullin
10
74
""% "%
1
5
700
7%
2,000
64
7 Mi
7%
6 Ma
1% Mar
1V4 Mar
8% Mar
Feb
Mar
67
25
Jan
77
69
prior stock
Allotment certificates
$5.50
Jan
75 Mb Mar
Feb
5M4 Mar
15
22%
rlll%
22l%
22%
110% 111
14,900
1,000
18%
5% Mar
Jan
22% Mar
XIIOM4 Mar
113
Jan
6M2
1
8%
81/4
400
Apr
7Mi Mar
8
.1
Securities
Feb
1101/4 IIOM2
•
Omar Inc
4%
21M2 Mar
1141/4 II41/4-
100
*
common
2MB
22%
Apr
30 %
Jan
%
Segal Lock & Hardware
Seiberling Rubber common
.5
common
prior preferred
Oliver United Filters B
Overseas
3%
.*
•
conv
2
22 Ma
12%
1,200
Mar.
9%
1%
4
Oklahoma Natural Gas
25
Apr
13
Jan
preferred
Ohio Public Service 7% 1st pfd
6% 1st preferred
24 Ma
Feb
5iy2 May
Mar
48
6% Mar
Jan
Jan
10
Jan
preferred
30
17%
A Mar
114
Ohio Power 4%%
51 Ma
5
Consolidated
104
common
50
II Jan
x40 Mb
Jan
2%
Co
Ryan
10%
•
B
Jan
Feb
%
Royalite Oil Co Ltd...
Russeks Fifth
Seeman
Brass
1%
15 y4 Mar
Jan
is
2 Ma
convertible preferred
$1.20
Ryerson & Haynes
Jan
O
Ohio
Jan
Jan
15%
1
Corp common
Jan
1,900
50
Ogden Corp common
500
1
Aeronautical Co
100
Power class A
Rochester Gas & Elec 6%
Ryan
pfd.100
Corp
Apr
10 Mb
Jan
c
t
Roeser & Pendleton Inc
Jan
83 Mi
77
May
5%
500
'
Corp. warrants
Radiator
Rio Grande Valley Gas Co v
Jan
11%
1
Public Service 6%
States
74 Mi
65
17 Mi Mar
11%
106% 106%
11%
5
preferred...
Novadel-Agene
2(4
17,300
11,
X40%
*
Roosevelt Field. Inc
13
10
2%
Apr
Mar
154
Apr
12%
Ma May
14Ma
116 Mi Mar
1,300
16%
•
Airlines
17 Va
Richfield Oil
4
Jan
"8%
—50
Utility Securities
Central
Northeast
Ma
16 Mi
17
u
Aviation
Dry Goods
Stix
35
Mar
7V4
8%
Jan
Jan
IM4 Apr
475
1
Feb
1041/2-104%
•
prior preferred
North
71 Ma
5
Jan
35
13
,10 Mb May
Jan
149
80
4,500
2 Ma
3%
200
16 Va
Jan
Jan
8M2
50
1%
*
19% Mar
109
North Amer Light & Power common__l
$6 preferred
•
North American Rayon class A.
Class B common.
76 Ma
151
13 M4
1
59 Mt
35
Jan
11%
200
VA
Co
Apr
2 M»
1
»
10 Mb
12%
Bit Co
Jan
104 Mi
1
Mines
Roller
18 Ma Mar
14%
*
Electric.
93 V4
500
'Apr
R
24 Ma
54
Ma
Corp B
350
16%
13 M4
•
100
251/2
5
99%
13 Ma Feb
101
Mar
10 Mb
•
500
114% 115
100
Jan
1M4
common—50o
Red Bank Oil
Reed
...
9,900
5
Nineteen Hundred
Co. common
3%
1/128 Feb
common
common.
19
100
preferred
Voting
55%
optional warrants
optional warrants
Niles-Bement-Pond
116
10 Ma
10
100
Niagara Share class B
Jan
9,700
Railway & Light Securities
Mar
55
2%
114Ma
12Mi
150
r
7
Jan
3%
10
common
Jan
108Ma Mar
16
10 Ma
Radlo-Keith-Orpheum option warrants-
Feb
15
Jan
Apr
11
Jan
Jan
114
9
181/2
26 Mi
M2 Mar
8
8
•
Apr
108
10
Co
Power
7%
I8V2
1
preferred
preferred
Quebec
5%
35
Jan
10 Ma
6% May
1,000
115
32
7% Mar
108
75
200
2%
Apr
7M2 Mar
99 y4
16
II100
preferred
19
Y State Electric & Gas $5.10 pfd.100
N Y Water Service 6% pfd
100
Niagara Hudson Power
6%
200
561/2
3 Ma
Jan
45
Jan
6%
300
—
Quaker Oats common
7%
55
5514
6 Ma
5
6%
9
1
•
Jan
Jan
Shipbuilding Corp—
Founders
Apr
Feb
12
12 Ma
10
1
105Mi IO51/2
N
30
Jan
11 Jan
1,400
7
108
10
Manufacturing
87 Mi
Jan
18 Mi
_•
Jan
29% Mar
Apr
~7
56
10 V*
A
0
7
•
7%
10
preferred
4%
Mar
10
3
preferred__100
6
26 Ma
—
•
61/2
~7%
10
Merchandise
Power & Light 7%
IM2
Jan
112
"61/2
•
Rosario
3 Mb
'
13 Mi Mar
Feb
85%
~7
9 M>
Jan
*
common
Honduras
1M4
3 Mi
26
City Omnibus warrants
N
7 Mi Mar
Jan
Jan
12%
*
N
Jan
12% Mar
Jan
*
common
Jan
Mar
Jan
8%
1
Land
Mar
Jan
Jan
75
25
Arizona
N
Y
11%
91/2
•
Mexico
N
8,700
9%
100
Co
Idea Inc common
$6
Pyrene
$5 prior preferred
Puget Sound Pulp & Timber
21M2 Mar
•
Jersey Zinc
Y
Feb
•
preferred
Y
58
13 Mi
100
New
N
Jan
—•
class A
New
N
50
Apr
100
preferred
&
Pyle-National Co common
150
Jan
Feb
*
England
Apr
18%
•
Haven
44Ma Mar
12
5
May
15
3,300
600
Iff
——10
14
•
New
...
Feb
2,200
30o
England Power Associates
New
1st preferred
11%
9%
19 Ml
^
100
100
Common
Jah
10
preferred
17
Feb
Mar
Puget Sound Power & Light—
Jan
20%
Nestle Le Mur Co
New
35
Jan
Jan
1914
Neptune Meter class A
$2
7%
Feb
1%
1st preferred
12
*
common
Feb
Jan
Feb
12%
of Colorado—
Service
2,100
10
•
Nehi Corp 1st pfd
Nelson
(Herman) Corp
6%
17
30
IV*
7
—•
13%
11 Va
Radio..
Nebraska Power 7%
New
Jan
Jan
Feb
%
"7 Mi
1
Gas
4%
11%
Co
4
43
*
54Ma
ip%
54
preferred
Jan
62% Mar
5%
200
30
IB
1
America
of Nevada
Corp
35
•
109
Jan
2
•
Metals
Pressed
30
30
1
common
35
54 Mr
...
National Tunnel & Mines
Union
IM2
2,900
12.50
5Ma%
Oil
1%
28
50
National Transit
Navarro
1%
•
Ltd
Jan
40%
5M4
•
Mining
Inc
Prentice-Hall
Public
13 Mr
Sugar Refining
Jan
14 Ma
3,100
17
of Canada
131
'
common
National
National
1%
•
Mfg & Stores
Ma
16
17
10
;
Jan
3 Ma
&
Jan
•
National Refining common
National Rubber Machinery
55%
I
Power Corp
Apr
-
—50c
National Fuel Gas
Jan
8 Mi Mar
Apr
95
330
2,300
Powdrell
Jan
..25
.....
City Lines- common
convertible preferred
2Mb
37 Ma
13%
61 Va
Apr
1% Mar
11 Mi
•
Candy Co
Jan
Jan
Jan
11
59 Ma
59 Ma
106
Apr
14%
1
National
1%
7
25
6%
U-
1 '•
--
common
900
105 Ma 106 Mi
A
21%
127
13%
—V
''
—
13 Mb
*
common
2,300
8
37%
37%
Jan
'4--
'
-
t*.
12 Ma
•
Hess
2
1%
Feb
200
'
i
'
.
...
17%
10
25
common
6%
Corp
Jan
Jan
18
N
Bellas
12 Ma
7%
,
50
Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
173
Providence
Nachman
100
2
*
•
50
Prosperity Co class B
National
14
'
'
III100
National Breweries
29 Mi Mar
'
I2 Ma
preferred
Jan
lMa
t
900
'
'
•
Jan
22%
5%
1,000
■
■
.
Murray Ohio Mfg Co...—
Jan
7%
2,900
'
-•
Muskegon Piston Ring
Muskogee Co common
High
33%
Apr
27
77/a
1
Meter
RR
'
Mountain
Mountain
5M2
26 Mi
26%
•
Ltd
100
14
1
common
Low
31% Mar
_
"6%
6M2
*
common
Range since January 1
Hiah
25
;
7%
Feb
Xl67Mi Mar
"
"T
,
170
4 Mi Mar
Feb
7%
— —
'
■
*r—
•
& Power—
,
18%
19
—.10
A
Montreal Light Heat
6%
102
Jan
May
Low
Shares
'
1
Society A
Ward
Jan
109 Ma
common—
Dakota Utilities
Montgomery
Phila Electric Power 5%
97Va
50
for Week
of Prices
Par
150
Sales
Range
Last
High
102
9 Mi
~
'
Montana
Low
Week's
Friday
Exchange
Sale Price
114
10
*
Curb
102
•18%
1
Corp
Monarch Machine Tool
Monogram Pictures
STOCKS
York
114
—
—~2~50
5
Range since January 1
High
,
common
MAY
New
Shares
•
common.
ENDING
for Week
of Prices
Par
WEEK
Sales
Feb
9
6%
Jan
8% Mar
Mar
Serrick Corp class B
Shattuck
5%
Co
Silex
U
Jan
4%
Apr
7% Mar
3 MB
400
2%
Feb
3%
Canada
12
91 Ma
Feb
320
IIOM4
Apr
—
96
95%
96
lllMa 112%
112 Ma
13%
Apr
700
;
25
.100
of
Jan
6-%
—
•
common
pfd series AAA
Sherwin-Williams
r
-
cum
7Mft
5
Shawinig'in Water & Power
Sherwin-Williams
%
3%
400
—
»
Mining
Denn
100
7 Mi
A
,
1
—
Feb
A
7
3
1
Control
Safety
Sentry
Seton Leather common
Feb
Apr
Jan
Mar
97
115%
—
Feb
12
Feb
13
Mar
13%
...*
Feb
16
Jan
t
•
common
Simmons-Boardman Publications—
Pacific
Can
Co
Pacific Gas & Elec
51/2 %
6%
1st pfd
1st
preferred
Pacific Lighting $5 preferred
Pacific
Power
Pacific
&
Public
$1.30
1st
Light 1%
25
*
Service
100
13
__
35'%
36
25
pfd
..
__
36Ms
2,900
Parker
Pen
Corp
„
Co
7%
10
Parkersburg Rig & Reel
Plymouth Mills
1
Peninsular
120
;
30
7%
7%
5,000
Telephone
preferred A
$1.40
30
30
13%
19%
50
1
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
:
*
Penn
$6
Gas
& Elec class
Power
&
A
com..
Light $7 preferred
preferred.
Salt
Traffic
Penn
Water & Power Co.
Perfect
Mfg
Circle
Co
50
.
Co
Mfg
*
For
_I
53/3
Co.
3151/3
common
footnotes
see
page
•
1889.
Jan
Feb
Jan
6
Feb
Jan
20
Mar
Solar
Feb
82
Mar
Solar
Apr
9
Jan
6%
24
Jan
8% Mar
30
May
Soss
Jan
19% May
South
Jan
50
Mar
Southwest
Jan
37
Apr
Apr
33%
Jan
Jan
5%
Jan
102 Mt
1
102 y4 103%
96
165
97
165
165
200
430
50
100"
Mar
%
Jan
94Mi
Jan
.90
Jan
161
Mar
2% Mar
I.
63
63 M2
100
125
8
91%
7Mi
8%
8
9Mi
200
1,700
3 Ma
3 Mb
5%
5 Mb
5 Mb
2%
2 Mi
2%
,
61 Ma
70% Mar
43
1%
Mar
Feb
7%
Colorado
2
2 Ma
Ma
25
Power
class A. —25
-100
preferred
Southern
100 Ma Mar
Southern
Phosphate
Telephone- .100
..10
Co
Southern
Pipe
Line
—10
xl65
Feb
2% Mar
Southland
England
Royalty
2%
40 Ma
—10
104 M2 Mar
New
275
111
Jan
Apr
Jan
13%
Feb
3% Mar
Jan
100
3%
Jan
6% Mar
1,400
2Mb
Feb
3Mi
4Mi
Jan
2 Ma
Jan
500
500
41
—
—
.
Jan
x3%
Feb
Apr
Apr
47/s Mar
1
3% Mar
40
Apr
44M2
Jan
28
Mar
30y2
Apr
37
Edison—
—25
original preferred
25
preferred B
5M2% preferred series C—__— —25
Southern
2%
Jan
2%
Jan
Apr
2%
800
—
1
Line
California
Co.
Apr
68
Mar
125
Jan
135
Apr
Spalding (A G)
1st preferred
31
132 Mi 133
3 Ml
37 Mi
Jan
Apr
.Tan
.5
160
Mar
43 Va
Jan
30 Mi
500
29%
Apr
32Mb
Jan
30
400
29 Mi
Jan
3 1Mb
1M4
Jan
1%
29%
30
5
'
•
——
—
-—
71
-•
....
—
20
73
.
—
Feb
Jan
75
Feb
124
Apr
130
Jan
9%
200
5 Ms
5 Mb
5%
700
42 Ma
42 Ma
9 Mb
42%
60
5%
Apr
6Ml Mar
8%
100
6
6
—
9 Ma
Feb
67
Jan
9 Mi Mar
9V2 Mar
10%
Jan
6%
Jan
Spanish & General Corp—
7
37M4
38 Mi
30 Mb
6%
Jan
Pipe
26
Jan
2 Mi
108
—
1
common——
Corp common
Oil
Pa
•—
—
■
26
229
12% Mar
5%
4%
43
11
Penn
Southern
130
--
,
„
300
1
Co
Corp
Manufacturing
South Coast
„
2Mb
231%
Ma
1
Co
Manufacturing
Sonotone
—
1
Aircraft
16%
29
11,800
•
1
Apr
105
64%
51/4
..
100
Pharis Tire & Rubber
33%
229
common
—
—
2
.100
Manufacturing Co
Singer Manufacturing Co Ltd—
£1
Amer dep rets ord regis.—
Sioux City Gas & Elec 7%
pfd— .100
♦
Smith (Howard) Paper Mills
108
Ma
„
—-
Singer
32
2.50
Co
Philadelphia Co
•
Feb
34%
•
Penn
Penn
Pepperell
.•
1,600
__
25
Pennroad Corp common.
Penn
193/3
•
common
36%
1
Jan
96
6% Mar
__
*
Patchogue
Jan
106 y4 Mar
103
•
preferred
Simplicity Pattern
80
1
Motors
Jan
Apr
19
101
*
Paramount
35
14M2
5
103
•
Page-Hersey Tubes common
;
Pantepe-c Oil of Venezuela Am shs.
Jan
32%
_.
__
.
•
preferred
convertible
$3
•
common
8% May
33%
8% Mar
Amer
10% Mar
Amer
& Bros.
dep rets crd bearer
dep rets ord regis
1
•
5M2
40
Apr
Jan
% Mar
nnnllgtH
5
—
iff
Iff
100
y4
Feb
45
Jan
A Feb
A Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
1888
Monday, May 8, 1944
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING MAY 5
York
Curb
Wee*'®
Friday
STOCKS
New
Lao*
Exchange
lots
Standard
.
"l%
.—2
Brewing Co
1,300
10
2
17%
(Ky)
——.——
(Ohio)—5% pfd
1
450
2
2
Jan
Jan
17%
1,600
50
ie
%
&
66 %
8%
100
1%
1%
Jan
Jan
Mar
9 ft Mar
% May,
A
Jan
1%
14%
5%
' 5%
Feb
100
500
13%
5
Jan
52
..
ounnes
Jan
9
Jan
10%
Stroock
(S)
3%
Jan
5
Sullivan
Machinery—«...
Rav Drug
8un
2%
May
Sunray Oil 5 % % conv preferred
Superior Port Cement class B com—.
52 %
2%
2%
*
—
2%
"3%
Jan
Last
Sale Price
Jan
34
200
17%
Jan
19% Mar
200
12%
Jan
15
Apr
Mar
Apr
9%
52%
15%
10
Apr
Apr
Apr
Mar
Range Since
Bonds
January 1
Sold
1
High
Low
No.
102% 105
$103% 103%
.108% 108%
99% 100
5
107% 108
39
A-0
debs
14%
High
125% 125%
debs
f
Feb
Friday's
Low
J-J
f
s
15
or
jBid & Asked
Writing Paper 6s
.—1961
Appalachian Elec Pow 3y4s——-1970
Appalachian Pow deb 6s
.—2024
s
3%s
51
Week's Range
Friday
Interest
J-J
2%s
Mar
Ta Feb
Swan Pinch Oil Corp.....—........
Mar
10
2% Jan
3,800
2016
Feb
Feb
% Feb
150
12 y4 May
Jan
7% Jan
J-J
Jan
8%
'52%
Mar
—————.1950
—1960
.1970
1%
17%
51%
Apr
4
American Gas Si Electric Co.—
500
14
1414
—
Jan
111
7
24,300
*
200
17%
:
■
...
12%
Period
375
20%
Co...
9%
12
BONDS
%
Co___
6%
.
Apr
3% Jan
Feb
'
%
11% Mar
5% Mar
New York Curb Exchange
1%
9%
Mar
4
—
-
Wright Hargreaves Ltd
10%
1%
1%
...
—
13% Mar
Feb
110
13% Mar
1,600
5
5
10
(J B) Co common
(Hugo) Corp
Stetaop
5
.
10
..
Jan
10
Jan
—
Apr
"
Sterling Brewers Inc
Sterling lnc_
3
..
Woodley Petroleum......———1
Woolworth (F W) LtdAmerican
deposit receipts—
_Bs
6% Preferred
——£1
6ft Mar
Jan
200
9%
9%
—
Jan
Feb
1% Mar
12.
Sterling Aluminum Products
8%
—10
Portland Cement
Wolverine
Apr
9% Mar
8% Jan
Winnipeg Elec common B—-—
*
Wisconsin Power & Light 7% pfd—100
Apr
14% May
Jan
43%
*
100
9%
8
9y4
Williams
.
18
Jan
55
53% Mar
—
„
9%
High
Low
,
Jan
1,300
14%
1%
& Co common——
Bterchi Bros Stores——.,
—
5%
%
%
7% Jan
.„
(A)
1st preferred—
2d preferred
Mar
71
Jan
2,700
trust ctfs.
—
6%
114
1% Apr
Starreu (The) Corp voting
Steel Co of Canada
Stein
Jan
ft Apr
54
B—
Tube class
Apr
18 ya Mar
V« Jan
300
8%
19%
17% Feb
108%
800
'65%
Standard Silver Lead—-———
Standard
23
16
—
Products Co——
Standard
Jan
Apr
2% Mar
High
16
(R C) Si Co
——•
Williams Oil-O-Matic Heating—•
Willson Products Inc—.—
1
100
66%
Standard Power & Light———
Common class B
Wichita River Oil Corp...—
Apr
18%
Range since January 1
Shares
..10
Apr
200
110
Low
Weyenberg Shoe Mfg——~——1
1%
10%
19%
110
Mar
for Week
of Prices
.—10
Westmoreland Inc
Jan
17%
.
4
Jan
ft Feb
6
2,500
21%
4ft
Sales
Range
Par
High
3% May
2% Jan
19%
$1.60 convertible preferred
Oil
2,00b
21%
Standard Dredging Corp common—
Standard Oil
3%
9
Standard Cap Si Seal common-..
Convertible preferred——
Standard
Low
Week's
Sale Price
Range since January 1
High
3%
.
Curb Exchange
New York
Shares
T% ~1%
3%
Spencer Shoe Corp.
Stanl-Meyer
Inc
Friday
Last
STOCKS
Hales
for Week
Range
of Prices
Sale Price
3%s s f deDS
Amer Pow & Lt deb
6s—
J-J
Arkansas Pr Si Lt
JAssociated Gas & Elec Co—
AConv deb 4fts——.—
99%
74
107% 109 Va
103% 104%
99
101%
108%
107%
2
125%
128
27
104% 105
105
J-J
•
—1953
4 V2 s—
Elec
Associa ted
1956
5s
106
5
104%
104
1»4%
J-D
Amer
108%
2
108% 108%
M-5
104%
106
85%
83%
J-J
85%
99
79%
23%
85%
24
16
23%
29
'
—1948
—1949
M-Q
J-J
23%
23%
23%
38
—1950
F-A
24
24%
48
ADebenture 5s
—1968
ArO
24
23%
23%
23%
23%
29%
AConv deb 5s———
24%-'-
36
23 ft
29
1977
F-A
$23%
24%
M-S
90%
91%
deb
AConv
Taggart 4Corp common...—:
Tampa Electric Co common.——
Technicolor Inc
Texas
pfd
....
Light 7%
Texon Oil & Land Co
—
...
Allied Stocks
&
Tobacco
Feb
25
13%
14
2,300
12 y2
Jan
15-ft.Mar
119
60
114%
Jan
117
Product
.eft
600
"?% : T%
100
6
6
119
May
6%
Mar
Jan
100
Feb
Jan
7% Mar
1
3%
•
7%
Jan
58
Exports
Jan
3%
60
Apr
Jan
4%
Feb
Jan
Tobacco Security Trust Co Ltd—Amer
dep rets ord regis
9%
Feb
Amer
dep recs def reg—
1%
Jan
Todd Shipyards Corp...
Toledo Edison 6% preferred—.
10% Mar
1%
Jan
40
58
Feb
62% Mar
109% 109 y3
10
108
Jan
109ft' Feb
preferred
Tonopah Mining of Nevada-
.100
113
20
113
Apr
115
...1
n
**.
Trans Lux
.-1
3%
3%r
-10
22%
7%
Corp
lac
Trunz
113
ii
Jan
Jan
3%
2,000
-3 ft
Apr
21%
22%
1,900
18%
Jan
II
—
400
«
600
warrants.....
Apr
4y2
1% Mar
10
9% Mar
Tung-Sol Lamp Works.
80c convertible preferred—....
6ya
Apr
Jan
4
800
Jan
23% Mar
U Mar
—;
—
—
1955
Assoc T & T deb 5%S A.
..—1947
95%
85%
107
108Va
$98
..
114
114
114
115%
119
119
119
120%
$150% 170
150
150
J-D
——.1957
warrants
without
5s
29
23 Va
27
$108% 110
M-S
———1964
3y4s
Avery & Sons (B. F.)~
Bell
J-D
Telephone of Canada—
1st
M 5s
5s
series B
C
series
Bickford's Inc 6y2s
Edison
7%
Jan
Jan
11 y4
Jan
1953
5s~
Power
§ A Central States Electric 5s—-1948
A5%8
.———1954
Central States Pr & Lt 5y2s stpd—1953
§ A Chicago
-
102
M-N
38
39%
40
38%
40
68
68%
J-D
A-O
—Jan 1968
100
100
J-J
M-S
m- a
—
103 ft
99%
102%
6
102
107
105%
39%
.1955
104%
101%
102%
MS
h.1.952
102%
6
J-J
.
43
$105% 107
J-D
,.1927
Rys 5s ctfs.
5%s A——
Cincinnati St Ry
6s series B
108
102% 103
103
106%
105%
102% 104%
J-D
1970
Gas 3%s_———1964
Central 111 El &
$106
M-S
———1968 '
2%s—
Northern
A-0
1962
...—
119
Q-P
..—1998
....—,
Birmingham Electric 4y2s
Boston
M-N
————I960
—
Bethlehem Steel 6s
—
............
Transwestern Oil Co..
Tri-Continental
59%
21
—
Atlantic City Elec
Canada
59%
.100
—
—
5%s
deb
AConv
29%
x23% Mar
6%
600
3%
5%
....•
......
6
Mar
19%
1
Realty & Construction-
Tobacco
5% Mar
Jan
23%
14
1
Roofing Inc
Tlshman
5
100
....8
....
100
5%
24
....2
common.—..—
Shovel. Co
Thew
Tilo
5%
24
m*
ll—•
IIlOO
common.
Power Si
1
...
4y2s
44%
36%
51
115
45 ft
73
100
37
98
100 ft
40
67%
79
2
69%
101%
104
102
104% 105
$104% 105
11
300
10%
U
Udylite Corp
Union
of Canada,
Gas
Union Investment
United
Aircraft
3%
common.— *
4
2% ijan
3
1.200
4%
Jan
7%
Feb
Feb
6%
Feb
Apr
~9%
Jan
17
5%
5%
17
,
7%
100
17
14%
59
T%
"1% T%
87
.....
-r.
86
110
87
iV
'•
1%"
1%
preferred non-voting.
xll4
Option warrants
—....
United light Si Power common A..
'«■
....
preferred.—.———.—..
United Milk Products
—.
1%
A-
/
Feb
May
;■
*
'
1,900
%
%
'."iy
\V
3
121%
May
%
Jan
% Mar
Feb
ft Jan
ft Jan.
% Feb
500
Feb
Mar
iV Mar
1,100
,
-A
16% Mar
1% Apr
X114
Mar
2% Mar
94% Mar
Jan
Feb
4,700
". %
:':A
Feb
Mar
62
:
ft May
9.100
118
X114
■
$6.1st
52% '53%
participating preferred-
1,200
51%
33
97%
102%
5s—
.1969
A-O
101
18
98 ft
.1951"
M-N
100% 101 ft
:$T18"- 120-
118
102
118—
.1971
J-D
109
110%
93
series
3'/4s
io
93
25
Cuban Tobacco 5s
F-A
103%
M-S
X43
%
7
'/a Mar
43%
44%
150
6%
6%
6%
11200
4%
1
6
6
6%
1.100
5%
Jan
9
Feb
"'
Graphite
....
5
common
and International Securities. ......
U S
■
$5 1st preferred with warrants.
U
Rubber
S
Reclaiming.
United
Wall
M-N
M-S
Power 3%s A—.———1969
A-O
Glen
Coal 4a—^
Alden
4%s series A—-.1941
—1950
Gteat Nor Power 5a stpdj—...—1950
Green Mountain Pow 3%
.—1963
Universal Cooler class A——
Class
B
—
Universal
Universal
Pictures
3%
3'%
1%.' 1%
3% Mar
200
1%
Jan
2% Mar
%
400
2%
2%
6.000
13%
% *
13%
100
common
Voting trust ctfs..:
...
Products
150
22%
22%
23%
23%
11.000
22%
III1
—...
23
2%
2%
$5.50 priority stock
....
%
.
Jan
27/8 Apr
13% May
9
Apr
2% Mar
55%
54
6%
6
'55%
Feb
21 ft Mar
18%
Jan
26
18
Jan
100
20%
Jan
24% Mar
.2%
Jan
51%
Jan
23% May
61
Feb
1,300
-.1
78%
79
100
4
Jan
1%
6%
Feb
6% May
1% Jan
74%
Jan
Venezuelan
Petroleum
...
8
I
Virginia Public Service 7% pfd-,
100
Manufacturing.———.*
Vogt
1%
1%
77
77
77
10%
10%
134%.
10%
900
100
1,100
920
1% Feb
27
8ya
Jan
Feb
105
Jan
8
133% 136
Feb
2%
Apr
40 y2
Apr
11%
136
9%
Apr
May.
Apr
Co
3%
3%
200
Waitt & Bond ciaa* A
Class B
,
Wayne. Knitting
Wentworth
West Texas
West' Va
......
——ITj|
Mills
Manufacturing
;
Utility $8 preferred
Coal
Si
Coke
Western Air Lines Inc...
1.23
4%
•
II
4
*
109
4%
109
1,000
10
8%
8%
8%
6,900
e%
7%
8%*
1,500
IstpfdIIlOO
__
For
footnotes
see
page
1889.
9% Mar
Jan
18% Mar
Feb
1% Mar
Jan
18% Mar
Feb
"
g*
Western Maryland Ry 7%
Western Tablet &
Stationery com
Westmoreland Coal
3%
Feb
1%
15
•
;
__
Feb
14%
Wagner. Baking voting trust ctfs ext.
7%
preferred.
—.100
3%
7%
„
*
20
3% Jan
108
Apr
5Va. Jan
7Vv Apr
84
19%
19%
100
4 % Mar
110%
Feb
8%
Apr
9 y2 Mar
Jan
120
Mar
18% Mar
20
Mar
23
27%
Jan
.
106%
16
70
104% 104%
1
102
,..—1956
J-D
105% 107%
21
105 ft
re
997/a
105%
102% 103 Va
93% 100%
24
99% 100
106% 106%
17
99%
F-A
100
.
M-N
106%
104
5
104% 105
J-J
.
104%
38
$102% 103%
M-N
105
,
102
104%
105 ft 105
105 Va
M-S
1957
Hydro-Elec 5s
—.1958
Indiana Service
5s—.—.——1950
1st lien & ref 5s—
—1963
Indianapolis P & L 3%s———.1970
111
110
106% 106 A
106%
§International Power Sec—
A6%s
A7s
(Dec
(Aug
series
A7s
——
1941 coup)^.
1
93
100%
106% 109
1
1941 coupon)—
Feb
25%
1955
24%
24%
J-J
92%
91%
30
24%
92%
—1952
J-J
69%
69
70
29
J-J
—1963
6s
Superpower
Jersey Cent Pow & Lt 3%s-—
Kansas Electric Power 3%s
...1965
Kansas Gas & Electric 6s
—2022
Kansas Power & Light
3%s—..
3%s.a^ —1966
4S
series
Q
—.
.
...1949
to
Minnesota P & L 4%s—,——— —1978
1st & ref
F-A
$106% 108%
]
$101
108
J-J
$102% 103%
.
.107%
J-D
J-D
—1957
J-J
—1951.
T
——
107
106:
—2022
..1948
106
101
101%
110
108
—
110%
102%
1
103%
62 V8
•
: .4
69%
407 V.
•
108%
103%
106
105%
108
8
102 %
104%.
7
105%
•
1
■
*
.
102% 103
105% 106
11
$100% 101%.
<
109 % 110 .'
117
M-S
J-J
•
108%
•
99%
10
103
F-A
5s—
112%
106%
26
M-N
J-D
A
122
111%
7
69%
67
M-Q
107.
120 V2
1
—
-107% 107%
"104% 104 ft
106% 106%
A-O
„-I949
series
—
5
108%
106%
—
102
108
77%
35
107%
100%
M-N
.
—1981
Amsterdam- Gas
29
5
2
$106% *107%
M-N.
Nebraska Power 4%s
6s
24%
95 ft
60"
M-8.
.
Mississippi P & L 5s——
Mississippi River Pow 1st 5s_
Nassau ft Suffolk Ltg 5s——
New
107% 108
108
J-J
—1955
5s_:—
22%,
88%
.
! —1963
Milwaukee-Gas Light . 4ft s—— —1967.'
Extended at 4%
1
123
112% 112%
; A-0
—1965
j
;
Middle Spates Petrol 6fts.
Midland Valley RR—
$120
J-J
.
5
71
$107V8 108%
M-S.
.
...1969
29
64
108% 108%,
M-S.
J-D
...1966
...
Kentucky Utilities 4s.—— —1970
Lake Superior Dust Pow,
.
28%
25
25
29
$27
25%
23
——
J-J
28
21%
25
5
27
.—1957
—
25
4
27
.—1957
coupon).— .—1952,
Power- 5s——.—
6s
26%
25%
27
F-A
.—1952
F—...
(July 1941
25%
21%
J-D
...1955
195T
E
series
A7s
A 7s
C
series
A6%s
...1948
6s stamped
————.
,—1947
Mengel Co conv 4%s—
—.
—1971
Metropolitan Edison 4s E
W
Aircraft
'
11%
110%
$102
A-0
McCord Radiator & Mfg—
Waco
104%
—»—1953;
series C_
1st & ret 5s
Altallan
1
—
110
A-0
1st & ref 5%s series B—
79% Mar
X
nonvertiole preferred
98
69
A-O,
Indiana
Debenture
$4
——1966
3%s
1st & ref 6s series A-
Interstate
Valspar Corp common
2
101
J-D
103
103108%
103% 106 1
3
-
100 V2
Illinois Power & Light Corp—
,3ya,Jan
275
103
$68
100%
105
101
~6
Mar
2.400
.10c
Utility Equities common..,
Jan
Mar
20
23
—8
Utah Power & Light $7 preferred.
Feb
1% Jan
i
i
...
1%
90
ft Apr
2% Jan
12
7
•
:::io
Utah-Idaho Sugar
Radio
Jan
2%
Universal Products Co...j——
Utah
Apr
Jan
13%
$100%
103%
98%
100
105% 105%
105%
$97
Hygrade Food 6s ser A———Jan 1949'
6a series. B
————Jan, 1949:
%
——
Insurance
Jan
103
103
104
I0l%
~2
46
J-J
6s;——1958
West
Houston Lt & Pwr
2%
10
Grocery Store Products—
j.——J945.
Certificates of deposit—————
&
-
J-D :
98%
101
8
Jan
78%
...500
F-A
J-D
*
63
107
$102
102% 103
J-J
West 4s_
60%
,
97%
25
100% 100%
100%
M-S
106 Va
106
58
98%
103 ft 103 Va
J-D
M-S
.1—1965i
(Adolf)
Guantanamo
■$-■■
J-D
Rayon Co 6s ser A
123%
,
102%
103
101% 102
101%
J-J
5s.—.*———1953
__1948
Georgia Power & Light 5s———1978
98
104%
123
6
$58
98%
96%
101%
$103% 105%
Finland Residential Mtge Bank
,—1961
6s-5s stamped
97%
104 V.
-
93%;
40
$123%) 127
104% 104%
Jan
350
,——2
—.
Paper
Universal Consolidated Oil
102
231
103% 104
116
102%
90%
3
96%
95%
M-S
6%
400
%
97%
8
.1952
Empire District El 5s
—.——
.1954
Federal Water Service 5fts
9%
v
200
86
.
United Stores common..
Jan.
"86%
% •
«■'
ZII i
U S Radiator common,
Jan
Mar
99
99-
6
124
102% 102 ft
M-Q
Feb
74% Jan
"44% May
6'/a "Apr
97
125
122
10
108
97
M-S
.1956:
& RR 5s—
Elmira Water Lt
A General
,
123%
108
J-D
.1944
——
General Pub Sarv
% Feb
122
102% 102%
102%
F-A
.1958
96 Va
Jan
1
—
—— -
.1955.
Packing 3%s—*
Eastern Gas & Fuel 4s ser A—... .1956
Electric Power Si Light 5s— .2030
Apr
6% Mar
69
Jan
107%
104
A-O
93
400
72
105%
102%
M-N
——
37
100
71
28
United Specialties common..
U S Foil Co class B
S
.1954
Textile 5s 6tmpd— .1953
Feb
4% Apr
110% 110%
107% 107 Va
$103% 103%
J-D
J-J
Cudahy
§ AGobel
72
.1969
.1976
—
Continental Gas Si El 5s
90
—
U
—,——
ser P—
mtge 4yas
A Consolidated
$101% 102
(Bait)—
1st ref mtge 2%s ser Q
Consolidated Gas (Bait City)—
Grand Trunk
United Profit Sharing-*—.— —250
10% preferred
—10
——...—
—
7s A——
N_
ref mtge 3s
1st
Gatineau
—10C
commons
——
& Pr
63 ft Mar
dep rets ord regis
United N J RR St Canal Co
United Shoe Machinery
Preferred.
.1950)
5s
Apr
33% Apr
United Molasses Co Ltd—
Amer
103
101%
deb
4
53
—
$3
80 y2
10,000
»a
Jan
-1% Feb
10,600
16
United Gas Corp common—
class B_—
800
7%
7%
—
uorp warrants————
United Elastic Corp
Common
98%
101
Gen
7%'
—.
United
•
2%, Jan
2.300
—.
Products
Chemicals common,
$3 cum St participating pfd..
United Hgar-Whelan Stores—,.
$5 preferred
Tl-
"
1.000
3
...
United
1st $7
'
3%
2%
2%
5%
129
101%
5s——
Service
Conv
Consol Gas El Lt & Pr
-
Corp.—..—..—,
Manufacturing Co-
102
101% 102%
A-0
Cities
Connecticut Lt
5%
___
Realization
Ulen
Unexcelled
99%
101%
5s—————— .1958
Debenture
6 Va
6
11
F-A
Debenture
—
111%
118
111% 111%
3
21
1
110%
100%
101%
108
111
116
118
*111%
113
4279*
Number
.Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
RANGE FOR WEEK
Last
Interest
Exchange
Curb
BONDS
Bonds
Friday's
or
New
Range Since
January 1
Sold
Sale Price Bid & Asked
Period
EXCHANGE
ENDING MAY 5
Week's Range
Friday
BONDS
York
New
1889
York
Curb
Friday
Interest
Exchange
Week's Range
or Friday's
Last
Period
Bonds
Sale Price Bid & Asked
Range Since
Sold
,
Low
1948
J-D
AIncome
6s
Y
State Elec
N
Y
101%
J-D
102%.
Westchester Ltg 4s
Debenture
5s
Continental Utility
79%
21
72%
81%
Toledo
81%
Twin
92
79%
1st
mtge
72%
2
108
108
100
101%
Water
.100% 102%,
United
97%
1021%
United
$104% 106
101%
109
111
J-J
$107%
104%
107%
J-J
J. j
—
$110%
115'/a
114%
-
Light
United
103%
109%
105%
6s
106%
103% 103%
5
109% 109%
13
4-0
105 % 105 %
5
Oklahoma Power & Water 5s
1948
F- A
103 %
Pacific
1955.
F-A
104%
1964
J-J
5s
Light
Park Lexington 1st mtge 3s
Penn Central Lt & Pwr 4%s—
1977
3'As
Philadelphia
Elec
Philadelphia
Rapid
Portland
5s
Gas
stamped
Potomac
4VaS
Edison
E__
5s
A 5s
New
Safe
—1949
San
Real
Penn
South
Southern
—
113%
Counties
100%
1st
1947
106
,V
92%
106%
3s__ —1965
105%
2
104%
38
137%
13
98%
2
109%
111
1,
127
128
8s
80
90
73%
80
86%
103%
92
33
105%
6
103%
May 1948
May 1948
debentures
Standard Power & Light
5
M
I '/
105%
105'/a 1051%
14
mm
T-, 0
—
104
J-D
$107
24%
45%
107
117%
110%
107
mm
109
108%
MM
108
$117
mm
$99
109%
114%
118
100%
—
101%
~3
85
100
24
96%
100
99% 100
95%"
J-D
1947
101%
16
96%
100
95
J-D
95%
100
—
York
Curb
Friday
Exchange
Interest
95%
Week's Range
Last
or
Bonds
Range Since
Sold
Friday's
January 1
Sale Price Bid & Asked
Low
Agricultural Mortgage Bank (Col)—A 20-year
7s
April 1948
A 20-year 7s
Jan 1947
Bogota
109
0
6
103%
104%
28
72%
2
106%
108%
104
2
103
.
1-0
$53%
J-J
13/.
$53%
No.
Low
MM
77
104
86%
85%
——
81
83%
5
90
93%
93%
94
23
86%
Mortgage Bank of)
Valley 7s
54%
54
...
54%
5%s
1948
21
J-D
Extended
5s
21
16%
$65
73
62
72%
F-A
1953
$19%
M-1V
.—1955
$61
60
63%
A External
ALima
6%s stamped
City
6%s
J-J
$17%
20
stamped. 1958
M-S
$21%
23%
17
22
1958
(Peru)
1952
M-N
36
36
34%
36%
1951
J-D
24
24
18
24
33%
37
37
7s
AMedellin
7s
stamped
Mortgage Bank of Bogota 7s
A Issue of May 1927
A Issue
of
Oct
1927
19%
93%
93%
25
87
97%
v
1947
Af-N
$36%
—
A-0
$36%
__
36
AMortgage Bank of Chile 6s
1931
J-D
$16 %
22
17
1972
J-D
$60
80
58
;
AParana
(State)
7s
M-8
__1958
17%
71
-
$35%
36%
36%
36 %
36%
4
1910
J-D
6%
6%
7%
314
3%
1921
_
J-J
7
6 '/a
7%
148
3%
33
93Va
94
42
86%
97%
A Rio
-PM
93%
93%
15
86%
97
ARusslan
F-A
93%
93
94
41
861/2
97
931/4
93%
93%
11
86V4
30
30%
10
30
37
20%
20%
19
201%
20
38
$Friday's bid and asked prices; no sales being transacted during current week.
20
36
34
96%
A Bonds
..
V
*
J-J
.
MM
1
.'if—
mm
tJ"
•'
A5
3
mm
■
'
$19%
J-J
105%
105% 106
57
104%
M-JV
105%
105
105%
18
105
108%
—2022
J-J
118
118
—-
'
■
—
22
22%
1
6%s
1959
Government
6%s_
sale,
x
a
J-J
1
Deferred delivery sale,
a Ex-lnterest.
'
e Odd-lot sale,
n
Under-the-rule
7%
7%
sale,
Ex-dividend.
being traded flat.
§Reported In receivership.
106%
—1958
1/ '
Janeiro
%s
Cash
'
"
A-0
de
♦No par value,
r
mm
'
—1960
5s
21
97
93%
•
F-A
5s
High
51%
—
Danzig Port & Waterways—
104%
75%
...
.
High
(see
ACauca
105%
107
108% 108'A
77
A-O
A
series
6s
110
41%
107%
$109% 110%
MM
A-0
.1960
5s
40
$107
40%
MM
BONDS
104%
105
—1946
& Light
J-D
F-A
—1950
stamped
Powei
104%
1
$107% 108%
•"
deposit.—
Service
M-S
J-D
J-D
—1946
of
.1954
.1964
1051
Industries—
(Hugo)
Electric
Texas
A-0
—1957
3d stamped
2nd
7-4s
Texas
i-
A-0
;
Corp inc 5s
(Hugo) Corp—
Stinnes
1
105% 105%
'
:4m. mm
J-J
6s
AStarrect
A Certificates
116
1 1966
„
—
Dec
gold
A7-4s
111%
—1957
6s
6s
"Stinnes
12
Mortgage Bank of Denmark 5s
(stamped)
6s stamped
6s
115% 116
105'%
MM
Electric—
Conv
Debenture
115%
.1951
.
,
103% 103%
'MM
M-JV
Debenture
115%
Af-N
Foreign Governments & Municipalities
AMaranho
—1989
Rys 4s
Spalding (A G) deb 5s
6s
114%
102
.104% 104%
•mm*-
Af-a
&
1
F-A
New
103% 103%
F-A
Gas
114%
.1937
151%
89
103%
A-0
—2022
Standard
;
AStamped 5s
105%
151%
——
M-S
3%s__ —1970
Southwestern Gas & Elec 3%s——1970
L
11^/2
109
$75
—«*
F-A
&
A
Traction
99
8
(Calif)—
-1971
P
114%
Co-
series
dsbs
111'/a
8
99
127% 127%
*
J-J
— —1951
Southwestern
F-A
111%
108%
110% 111
—-
J-J
1957
6s——
5s
mtge 3s
Southern Indiana
52
102%
3
10
23
101% 102
102
A-0
Gas
103%
'
A-0
Gas
104%
103
107%
5
150
J-D
..1970
California
Southern
108 "2
103
103%
117
106
105
-
A-0
Edison
California
Southern
111%
104
107%
F-A
108
108% 108%
105
Af-S
—1951
Power
110%
(Maine)-
109%
106
107% 108%
J-D
—1951
6s
Wyoming Coal
Carolina
&6V4
7
Newspaper Union-
Danish
Sheridan
51
100
$106
2030
West
Western
108%
98
A-0
D
series
101%
109%
101%
111% 111%
—
Period
Pwr 4%s__—1967
Shawinigan Water &
4%s
106%
106% 106'%
108%
U-N
—1952
Scullin Steel inc mtge 3s
1st
1-
—1979
4%s
Estate
104
107 Va
24
»
4
107%
105%
13
~7-
108
101% 101%
J-D
—1952
Joaquin Lt & Pwr 6s 9
ASchulte
6s
income
Jersey—
A
Water
Harbor
109% 109%
•
$106% 107%
J-D
perpetual certificates
Queens Borough Gas & Electricseries
Co—
Ry & Elec 4s
Water Power 3%s
47
107 %
Af-S
6%
5 %s
105 %
40
113 % 114
113%
A-0
—1964
of
Power
A
Colorado—
Sinking fund deb 4s__
Service
103%
103%
$108% 110
M-JV
1959
mtge 3 %s
Public
J-J
1956
4%s B
Public Service Co of
1st
Af-S
1961
F
(Can)
Corp
108
A-O
High
101%
1
extended
series
Power
6s
Co—
F-A
1962
1950
Transit
102%
106%
106
108
J-J
1972
5'As
Power
Coke
&
1
49
$108% 110
J-D
A-0
January 1
Low
105%
Waldorf-Astoria Hotel—
109%
34
104% 105
Af-N
1970
107%
103% 103%
$47
M-JV
1979
5s
Pennsylvania Water & Power 3%s_1964
14
108% 109
101%
J-D
.2022
4s
Light & Railways
series
Wash
108%
4s
J-D
1949
$104
__
No.
104%
108
Af-N
A-0
F-A
1st
J
Utah Power & Light
86%
1968
—1962
&
N
&
Debenture
41
94
91%
93
109%
1952
5%s
J-J
.1952
Electric
104
$109% 110%
1.945
3%s
mtge
Service
Power
1968
3 %s
F-A
.1952
101%
76
-
.
1979
City Rapid Transit
95%
Wash
Public
5s
High
108
107
Af-N
1954
3s
Ohio
Power
Edison
102
1971
Power
1st
Tide
J-D
1948
5%s
Ogden Gas 1st 5s
Ohio
81%
2004
&
North
72%
1964
Nov 1949
3%s
Gas
&
14
Service—
series A
N
A-0
..1954.
Debenture 5%s
Af- N
M-JV
..1948
Public
80%
78%
79%
..1950
5s.
Orleans
Low
79
..1961
New
High
.1959
5s
.
deb
Low
79
80%
M-S
..1947
Oonv
No.
High
24%
117% 118%.
Abbreviations used above—"cod,"
certificates of deposit; "cons," consolidated; "cum," cumula¬
"M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates;
"w w," with warrants; "x w," without warrants.
tive; "conv," convertible;
"w I," when Issued;
OTHER STOCK EXCHANGES
RANGE FOR
WEEK ENDING MAY 5
„
Friday
Baltimore Stock
Last
STOCKS
Sale Price
Corporation
Bait Transit Co
•
.
of Prices
common
t c———•
v
Preferred v t c
100
Low
15%
Shares
Low
15%
1.15
,".',14 %
695
1.10
1.15
Range since January 1
High
14%
86
675
High
18
Apr
1.05 Mar
Jan
1.75
Jan
7%
8%
Apr
10%
Gas E L & Power com
.__♦
65%
65%
70
6,4%
Apr
69
Eastern Sugars Assoc com v t
c___—1
9%
9%
IOO
7%
Jan
11% Mar
Consol
Fidelity & Deposit Co_—
Fidelity & Guar Fire Corp—
Finance
of
Co
Amer
A
Mt
140%
140
45%
5
10%
(Tom) Distillery
.25
New
Amsterdam Casualty..
Fidelity & Guar
2
*
140%
294
140
May
45%
34
43
Jan
150
Jan
Mar
Jan
45% May
10%
10%
120
10
Jan
11
Mar
30
200
27
Feb
30
May
80
77%
8~4
82%
Vernon-Woodbury Mills com_.__100
-100
7
30
pfd vtc—-25
Preferred
U S
20
10
com..
Houston Oil of Texas 6%
Moore
.
7%
2.00
25%
25%
37
50
34:
80
2.00
84
-
Jan
,
3.55
Jan
81
120
24
35%
Mar
Feb
26%
Jan
51
85
Apr
100
-
85
2.00 May
2
15
..
25%
37
65
Jan
-
Apr
Jan
41.
Jan
Range
Copper
Co
Inc
common—
'
x
Royale Copper.
——
•
WM
Central
Maine
Co
4s_—
—
1975
54%
55
$17,500
•
59
Mar
5 %
RR
'
3%
Narragansett Racing Assn Inc
Nash-Kelvinator
Boston Stock
Friday
Last
.
STOCKS—
.
Sale Price
Par
American Sugar Refining
100
Tel
&
Tel
.*
Anaconda Copper
Week's
50
Shares
Range since January 1
Low
High
38%
80
156% 157%
20
_
...
High
„
Feb
38% May
1,914
155%
Feb
159% Mar
7%
75
7%
Apr
9 % Mar
25%
335
24 %
Feb
80
7%
25%
-
•
27% Mar
]
Bigelow-Sanford Carpet 6%
Boston & Albany RR
pfd
100
Boston Herald Traveler Corp
7 %
&
class
C
Jan.
32%
Jan
Jan
35% May
74% Mar
Torrington
67
_•
20%
20%
20%
125
19
Jan
22% Mar
United
footnotes
page
13 Va Mar
451
35%
Jan
41% Mai-
3 3 Va
136
31.18
Feb
33.25 Mar
1,982
10%
10%
170
37%
33% May
7%
Jan
37%
Jan
11% Mar
1%
300
1
Jan
1% Mar
30%
31%
329
30
3'%
3%
•200
50
4%
31
33
40
56
230
Feb
32% Mar
2%
Feb
3% Mar
3%
Jan
6
Feb
23%' Jan
36% Mar
47%
Jan
56
Jan
10%
7
May
Apr
10
740
11%
12%
378
11%
Feb
13% Mar
6c
200
6c
Apr
15c
9%
342
105% 106%
40c
43c
103% Apr
1,422
30c
Jan
161
10c
25c
107
Jan
Jan
46c
Mar.
Feb
4
Jan
8% Mar
Waldorf
5%
7%
7%
7
8'
12%
6%
6%.
„
9%
Jan
12
760
12 Va
Jan
13% Mar
•
8%
7%
8%
599
7%
Apr
86c
9%
Mar
Jan
41%
Mar
90
15
91
90
Mar
Feb
91
Mar.
376
32
May
36
Mar
225
23%
Apr
28
Jan
50
12%
Feb
14% Mar
78
76%
78%
535
75%
Jan
80% Mar
71%
70%
71%
819
69 %
Jan
43%
43%
Co
—
_
Machinery ^ebmrnon
L
•
18
74
Jan
43 % Mar
44%t
Feb
44%
System Inc
(S D) Co.
Jan
7% Mar
Warren
Jan
8%
Feb
Westinghouse Electric & Mfg..
Jan
8%
8
45%
95
40%
Feb
48% Mar
11%
11 %
410
10%
Jan
12 Va Mar
Feb
Apr
.100,
...
666
640
13%
12%
5
.
235
6% Mar
5
440
..
_
IV2 May
1%
10%
13 %
24
5
5
8%
13
Feb
1%
10 %
13%
33 %
3%
5
7
30 % Mar
?
32
_
38% May
Jan
•
.26
7%
7%
Jan
25%
12%
Shoe
259
5%
25%
1,092
23%
6% preferred
U S Rubber
8-
7%
880
29%
32
United
4
Jan
5%
45c
38%
28%
33%
Feb
Jan
3%
26
304
Jan
33%
Inc
Feb
1%
82
•
1895.
Jan
Jan
Securities—
Fruit
60
5
see
32%
8%
Drill
Drug
6%
7%
100
Hecla
29% May
29%
Co
Twist
36%
7%
100
Personal Prop Trust
&
Union
6%
7%
pfd stamped—..100
class D 1st pfd—
For
;
35%
100
1st
Stamped
Boston
Elec
96%
100
class B 1st,preferred
Apr
38%
25
—
preferred
355
36%
Mar
Feb
2nd
398
100
Stamped
Calumet
115
$4
2,647
100
10%
Apr
72 %
100
Feb
77
121%
36%
37
20c
Mach,
Webster Inc
Stone &
35%
100
8%
Assn.
71
preferred stamped
1%
Shawmut
Co
Hole
United
Stamped
■
109% 112
120
Maine RR—
prior preferred
494
105
Jan
—50
RR
Mining
Button
34%
class A 1st preferred..
110
12%
Jan
Jan
8%
*
—
Pennsylvania
Quincy
Reece
71%
5%
40c
100
Mills
Suburban
Jan
-
Pacific
35%
'6%-
106%
2.50
Colony RR
25
Boston Elevated Ry
Boston
112
113
Old
100
Edison
Boston
100
29%
92
54'
6c
12%
10U
England Tei 6c Tei
North Butte Mining
118% 118%
7%
10
1
...
1,356
for Week
37%
157
Cos...
New
Sales
Range
of Prices
Low
100
American
American Woolen
Exchange
Service
National
33
-5
...
75
100
11%
56
100
*
1
.
•'
100
65%
4%
100
common
preferred
Mergenthaler Linotype
99
Mar
1%
15
IIII5
common
Bonds—
Baltimore Transit
39% Mar
33%
•
10%
—.
Copper
(Del)
Jan
6% May
33 %
37%
■
e
Corp
32%
29%
'
_•
Gillette Safety Razor Co
Kennecott
50
11%
M
mmmm
Capital Corp
Lamson
69
12'%
—
mil
General Electric
Isle
Jan
64
*
m
Association
Public Service
First National Stores
General
Jan
56%
34%
65
Group
Employers
Engineers
5'/4
450
34
•
preferred B
Lines
2,070
65
s.
..100
1st pfd series A
6%
SS
High
17% Mar
Feb
6%
63
Ry—
6%
Eastern
Low
13
MM*
.—100
Street
Mass
6%
Range since January 1
13%
14%
65
100
6% preferred
Eastern
~6%
Shares
High
Associates—
prior preferred
4%%
Low
14%
•
Eastern Gas & Fuel
of Prices
■
10
Service
Cities
...
for Week
Sale Price
for Week
...
Sales
Range
Par
Sales
Range
Par
Arundel
Exchange
Week's
Friday
Week's
Last
STOCKS—
»
.
Jan
12
Apr
,6%. May
9%
14
-
7%
Feb
Jan
Feb
♦
25%
26 %
120
20 %
Jan
26 %
May
50
96%
98 %
108
91%
Feb
99
Mar
1970
57%
57%
$500
52%
Jan
62
Apr
Bonds—
Boston
&
Maine
Inc mtge
4%%
RR—
series A
1890
THE COMMERCIAL & FINANCIAL
CHRONICLE
Monday, May 8, 1944
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK ENDING MAY 5
Week's
Friday
Last
Chicago Stock Exchange
Friday
Week's
Last
Range
Sale Price
stocks—
Abbott Laboratories common-,
Advanced
Allied
Aluminum
Laboratories
Allis
Chalmers
Public
American
Tel &
Armour
&
Co
Bliss &
Fence
5'Jo
Corp
common
1
t-
&
Wire
Apr
108
100
156%
Jan
4%
class
A
pfd
Serv
Secur
Common
lien
1,800
150
50
393/4 Jan
112%
May
Feb
159% Mar
Apr
6
9
Jan
Jan
6 3/4 Mar
1%
1%
1%
1,650
114
Feb
1%
33/4
33/4
200
3%
Jan
414
Feb
22%
'
23
8%
— —
8
20
250
3/4
150
Jan
8%
33%
35%
353/4
9%
9%
9%
17%
17%
17%
200
16%
37
36%
37%
1,000
21%
21%
100
15%
15%
150
—
'
300.
23
Jan
Apr
9%
Jan
Jan
37% Mar
Jan
10% Mar
Jan
18
343/4
Jan
38% Mar
18%
300*
Jan
24
8
14%
Feb
3%
Feb
Feb
18
Mar
3%
3%
100
22%
23%
250
22
Jan
24
10%
10
10%
600
9
Jan
10% Mar
28%
28%
150
28
Jan
29 % Mar
pfd
-
—
94
•
903/4
; '
94
JL
,
—_—*
—
■
preferred
%
10%
88%
4%
Apr
%
50
%
— —
%
Jan
450
*
Central States Pr & Lt preferred——*
50
113% 113%
*
1
—.
%
10%
„
—50c
common—
60%
9
59
Apr
Jan
95%
Jan
% Mar
'*"9% Jan"
-5
Chicago Corp common
-1
Convertible
14
614
14
6
.10
—
Jan
116%
Jan
63%
Edison
25
Jan
10%
Jan
Jan
12%
43/4
9,450
Jan
Feb
14%
Apr
6 3/4 Mar
47
100
45
Jan
50%
200
14%
Feb
20
Apr
90
100
82
Jan
94
Mar
57%
20
55
Jan
60
Apr
82%
100
78%
Jan
843/4 Mar
14%
14%
1,400
13%
Feb
t
25%
26%
3,355
243/4
Jan
26%
B
t
v
c
43/4
4%
100
4%
Jan
5%
Feb
23%
23%
50
18%
Jan
*
B
Common
4%
*4%
200
2%
Jan
Crane
Co
x23%
200
Feb
23% Mar
79
Jan
91
Aur
26
Jan
30
Mar
Peoples Gas Lt & Coke capital——100
56%
57%
250
56%
Jan
63% Mar
75
77
130
71
Jan
77
Apr
20
150
Apr
155
Feb
Quaker Oats Co common
•
Preferred __—_——.—.——100
Raytheon Mfg Co 6%
Cummins
Sears Roebuck
Serrick
23
25
cum pfd—100
2%
common.^..—2'/2
22%
Inc
Dayton Rubber Mfg common
Deere
&
20
Co
.——*
Dodge Mfg Corp common
Domestic Industries Inc
~2%
39
1
A
-
19
600
98%
190
933/4
100
20%
Electric
Household Util Corp
Four-Wheel
Fox
_
Jan
Candy class A.
General Finance Corp
16%
100
15%
Jan
183/a Mar
39
200
363/4
Apr
40 % Mar
~5%
12%
53A
10%
250
5%
700
53%
~9%
Jan
12%
Feb
6% Mar
M
30
29
8%
,'* c,
9%
25
Jan
30
Mar
1,400
8
Jan
10
Feb
200
10%
Jan
12%
Feb
64-
75
700
39
Feb
75
Apr
5
14
50
14
14
13
Mar
14
Motors
Corp
Class A
3%
Jan
4
8
Jan
8 3/4 Mar
1
common
(H
Great Lakes
W)
Dr
Jan
7% Mar
42%
Apr
433/s May
10%
400
Jan
11
250
38%
Feb
45
Mar
13%
550
13
Jan
15
19%
20
19%
Jan
20 3%
14%
14%
1
1%
1%
1%
5
5
11%
9%
10
100
common
233/4
Feb
12%
50
11
Jan
13 %
Apr
90 3%
700
85
Feb
90%
Jan
150
3% Jan
10%" Jan
43/a
Feb
12%
13%
Apr
common—;
*
preferred
*
1,400
113/8
9%
15
300
50
9%
Jan
8
Jan
200
13%
Jan
50
1%
Jan
100
South
Works
Lathe
Bend
Spiegel Inc
capital
5
22%
7%
2
capital—*
common--..—;—
Stein
Co
&
(A)
Storkline
Fur
Corp
common
Co
&
capital—'
Texas
S
Gypsum
CJ
S
Steel
193/a
200
33%
333/a
1,050
15
15
200
5
72
7%
5
15
May
3%
Jan
5
May
100
12%
Jan
14
Apr
11%
50
10%
Jan
12
Mar
15%
15%
30%
•800
30%
6%
—
—
;
4
Mar
General
Corp
Interlake
•
■
.
Iron
Martin
3%
Jan
Apr
27%
42% Jan
47%
Apr
3%
Jan
Jan
6% May
Feb
453/4
46%
200
3%
3%
100
9%
9%
250
8%
Jan
9% Feb
5%
53/a
750
4%
Jan
53/4
6
6%
300
5%
Feb
36%
36%
250
9%
9%
600
25%
253/4
1,350
65%
65%
200
58%
'
9%
—
•
9%
_» -v
common.—
•
York
New
•
Co.
Corp
•
..
—
:V
,
•
60
2%
Jan
Apr
6% May
393% Mar
Feb
34
Pullman
35%
353%
'•
"
Brands
capital
10% Mar
24%
Jan
27% Mar
56%
Jan
68% Mar
56%
Jan
60%
Jan
400
5
Apr
6%
Jan
353/4
350
35
Apr
37%
Jan
7
Jan
-
—
—
8% Mar
'
19
19%
200
16%
Jan
20% Mar
12%
12%
12%
1,000
11%
Apr
13% Mar
17%
17%
173/4
1,000
15%
Jan
203/4 Mar
1
—
1
•
common
III*
243,4
25%
350
23%
Feb
27% Mar
40%
25%
16%
403/4
100
373/a
Jan
433/4 Mar
16
16%
700
15% Feb
8%
9
450
1
Mar
10%
18 3/s Mar
Jan
16
28% Mar
31%
54%
100
52%
Feb
15%
15 %
200
14
Apr
543/4 May
163/4 Mar
44%
45%
400
40%
Feb
463/4 Mar
16%
-
II23
common
18
Apr
Apr
83/4
900
16
54%
16%
*
common
of N J
Studebaker Corp
'
*
Republic Steel Corp common
Standard
- -
Feb
5
Radio Corp of America common— —*
Standard Oil
":
800
\
.
*
(The)
:
.
.
Inc
Oil Co
Pure
' ■'
9
5%
5
5
—
Corp—
Central RR
■
58%
*
common
Paramount Pictures Inc..
113/s
•
9%
16
U S
Rubber
Co
15%
Mair
Apr
Cincinnati Slock
Friday
Apr
Last
Jan
American
4%
Jan
10
Jan
7%
200
7
500
6%
Jan
8% Mar
10
47%
Jan
:
,■
Feb
7%
Sale Price
STOCKS—
Mar
63/a
—
Apr
1% Mar
5
-10
common
Mar
73%
550
*.■
*
Industries
••
par
—20
Laundry Machine
American Products .prior pfd
Range
2%
100
32%
32%
30
6 34
4%
7
7,050
5%
600
20%
230
21%
21%
100
223%
22 %
50
28%
29
17
4%
17
19%.
._*
28%
*
l3/a
Jan
Jan
32
6%- Apr
4% May
Burger Brewing
28%
LOW
High
147
87/s
Apr
93/4
28
29%
442
25%
Feb
29 %
6
'6
2%
*
& Electric preferred.100
Apr
Cincinnati Gas
Feb
35
Cincinnati Street
8
Apr
5% May
N
O
&
Cincinnati
T
20
P—
Feb
Apr
50
Telephone
21% May
23% Mar
Dayton & Michigan gtd——
18%
Apr
22
Jan
110
22 3/4
Jan
50
17%
Apr
c43 %
Jan
9%
47%
9
Jan
6
Mar
Apr
Mar
6 %
Jan
102%
21
99
Jan
104%
108% 108%
10
99
Jan
108% May
77%
756
8%
77%
73/s
133/4 Mar
Mar
9
Jan
Apr
Mar
Jan
78
Mar
11
11
58
8%
Jan
11
May
18 3/4
17%
18 3/s
165
17%
Apr
21
Mar
37
37
37%
20
7%
125
5%
Jan
11%
11%
50
10%
Apr
12
Jan
31%
31%
32
14
31%
Apr
35
Jan
34%
35
145
29
Jan
36% Mar
39
Mar
77%
21
72
Feb
15
;—*
—
8
6
16%
8%
Cincinnati Union Stock Yards——*
Crosley Corp
2
45
8%
6
4
50
102
108%
50
Feb
50
6
11%
11%
—
20% May
38% Mar
534
6%
800
10%
10%
4,000
%
10%
Range since January 1
High
9%
.*
—
Jan
50
5
Shares
9
7
15%
42 3/s
common—..1
Sales
for Week
of Prices
Low
—*
—
Exchange
Week's
49 % Mar
48%
423/a
capital
Apr
27
,
St San com.
&
(Glenn L) Co common——
Apr
72
*
%
5% Mar
93/4
33
Mar
Mar
6%
Apr
Jan
Feb
■h Jan
% Mar
1,100
21% Mar
*
———
Gibson
:*
Art
Hobart
7%
10
—
Insulation
*
A
37
37% May
7% Apr
May
*
40
40
16
40
Jan
—*
—
Kahn
12
12
100
10%
Feb
12%
Apr
33%
34%
513
313/4
Jan
35% Mar
65
2%
Apr
403
6%
Feb
34%
11% Mar
1,000
Drug
Eagle-Picher
Formica
*
Co-
Common
*
Convertible preferred A
Util 6 % prior lien
lien
preferred A
100
~9%
8%
9%
750
18% May
53/4 Mar
100
Midland
9%
8%
9%
1,100
5 % Mar
9% May
914 May
%
%
100
% Mar
100
19
Meteor
v
•
Minneapolis Brew Co
common
2%
2%
2%
2,350
1%
Jan
2%
Jan
10
t c
9%
93/8
9%
200
9%
Jan
10%
Mfg
—8
10
9
50
73/4
Jan
...
.7%
-*
.
"A"™.—*—
2%
-
8
2%
Jan
8
*
43/4 Mar
Apr
6%
28
52%
53%
360
52%
Apr
6% May
58% Jan
23
23
100
22
Feb
23
20
21
215
10
Jan
Apr
22% Apr
Jan
45%
6%
53%
—„—.*
1—
Rapid
1
9
.
Apr
S
U
U.
Monroe
2%
20
Jan
9
preferred
Procter & Gamble—.-—;
Playing Card
Printing
Preferred
class
40%
Feb
.10
*
A
43%
433/4
127
10%
103/4
38
Jan
123% Apr
50
—
S.
1
Modine
—*
,—:
—
National Pumps
Randall
$1 prior preferred
.1
1
Leonard
% Mar
.183/8
•
Hart—
stock
Mar
26 %
^
1
Nash-Kelvinator
68
693/4
Masonite Corp common
Common
Jan
55
50
*
common
Steel Corp
Aluminum
100
prior
73%
3,950
6
capital- —5
Mach
Electric
75 % May
13%
7%
Mar
50%
Feb
27
»
III 2
common
Curtlss-Wright L
Apr
13%
7%-
71
Stocks-
Bethlehem
Feb
•
Miller &
100
400
6%
6%
27
65%
5%
8% May
13% Jan
Prod
82%
71
52%
.
"
*
25%
72"%
50
Corp
Apr
71
Ilio
Copper Mining
Topeka & Santa Fe Ry com_ .100
50
8%
United
77
51%
Anaconda
50
8%
West
45%
48%
79
Atch
6
75%
*
Midland
200'
100
48%
IIll
common
173/a Mar
McWilliams Dredging Co common..
Marshall Field common
Middle
Jan
.31% Feb
6% May
493/4 Jan
52%
*
Radiator
American
22
*
Manufacturing
Mickelberry's Food
Jan
79
10
*
Radio
Jan
*
Mfg class A
McQuay-Norris
Jan
334
48%
—
Indust
Yates-American
Dow
McCord Rad &
18%
Apr
-27%
150..
'79
—
common—.—
Common
Jan
*
capital——.
Jan
15
250
SO
13%
Bankshares—
Wisconsin
19%
2%
Libby McNeill & Llbby common
7
Printing Co common (new)—-.1
Lincoln
common
19% May
3434 Jan
32% Mar
200
30%
"30
Western Union Telegraph common- I100
C
Co
Jan
16
43
11%
*
Williams Oil-O-Matic common——
10%
6%
3214
Refg
Jan
Apr
13%
5
5
capital—
Co common—
Utah Radio Products
200
4814
preferred
Feb
73/4 Mar
Feb
6
27%
60
13%
..25
common
Walgreen Co
900
6
*
Oil
600
24
Jan
21%
50
7%
19%
4——25
capital
Corp
Union' Carbide & Carbon
14%
*
preferred
Jan
Jan
Co.—
Liquid Carbonic
22%
15
1
5
10
common
Sundstrand Machine Tool common
22
—50
La Salle Ext Univ common
Lion
800
33%
*
common
Sterling Brewers Inc
Churngold
$3 Mi
4
29
8%
Cumulative
21%
150
13%
7
28
Standard Dredge preferred
—20
Standard Oil of Indiana capital.—25
14%
75%
*
Kellogg Switchboard common
Kentucky Util jr cum preferred
Leath &
21%
3%
Corp
St Louis National Stockyards
21%
14%
_1
common—
43/4 May
Jan
Mar
20
•
Harvester
3%
3,150
12%
21%
•
Mar
43%
13
*
capital——
Interstate Power $6
10%
t c—_
v
8
59% Mar
42%
3
common
Products
International
Feb
4%
50
7%
Ll
Parts—
Indep Pneumatic Tool
Co
513/4
100
*
com
Illinois Brick Co capital;
Steel
2,250
7%
57%
43 %•
*
Hershey class B
Hupp Motors common (new)
Inland Steel
59%
43%
59
Mar
*
common
Houdaille
Illinois Central RR
50
—*
common
Heileman Brew Co G cap—
Hein Werner Motor
200
*
common
Dk
&
33/4
8%
—*
Safety Razor
Co
33%
8%
10
common
common
_
Goodyear Tire & Rubber
43/4
88%
21%
common—
&
Jan
100
General Outdoor Adv
Indiana
29
■
2% Mar
Apr
5
Preferred
Gossard
Feb
38
2
12
General
Gillette
Mar
21%
50
11%
(Peter) Brewing common
General
102
2%
—10
Auto
Drive
*
5
22% May
Jan
V-
2%
,
Eddy Paper Corp (The)
Feb
97%
12
*
class
22%
16%
—1
.
common
21%
21
98
Cunningham Drug Stores
Lighting
4
90%
common...
capital—.—
Co
class B
Corp
Sinclair Oil
4%
13
Sangamo Electric Co
Schwitzer
5
preferred
1503/4 150%
—
•
—;
4% Mar
Jan
40
750
Unlisted
Cudahy Packing Co 7%
Curtis
3%
400
29%
,
Mar
27
•
common
4
91
28%
—
—
RR
5% Mar
2614
—20
—
'
/
33/4
Feb
May
90
Container Corp of America—
-
3%
—.5
100
common
30
Mar
50
Zenith
part' shs
Jan
34
10 3/4
Apr
50
pfd part shares
c
24
capital
17% Mar
Consumers Co—
Common
200
Jan
20
—1
common
Consolidated Biscuit common
V
30
Peabody Coal Co
6% preferred
Woodall
Commonwealth
20% Mar
Jan
Feb
7%
823/a
1414
Jan
22
27
Swift
57%
Cities Service Co common
16 3/4
210
30
Swift International capital—.**——15
89%
-5
150
31
common——10
(The)
Apr
20
Chicago Towel Co common capitalChrysler Corp common
19
28%
May
Jan
58 3/4
50
6%
18%
9
U
47
preferred
Chicago Elec Mfg class A pfd—
Chicago Flexible Shaft common-
21% Mar
500
Pennsylvania
U
Cherry Burrell Corp common——
Feb
9
"10%
111
30
~
270
9
19
9
% Mar
540
60 3/4
73/4
150
9
Stewart-Warner Corp common
250
19%
Mar
23%
—
High
Low
19%
31
common
Co
Pen
Range Since January 1
1
High
100
—6
Jan
3%
30
$6
Parker
Corp
Shares
Jan
73/s Mar
4%
Omnibus
Low
*
;—•
common
Corp—
preferred
Preferred
5%
814
5%
Jan
10
———
Convertible
Central S W Util
5%
*
.
Illinois
5
.18
53/8 Mar
2014
5
common.
Pub
15714 157%
5 >4
1
L)
(E
Illinois
Prior
3314
110
—5
convertible preferred
Central
200
109
*
—*
_5
1
„
Brothers
Central
35
108
Sons
Co
Butler
Jan
Jan
3
Common
Bruce
Jan
Corp common——_5
(E J) capital———*
Borg-Warner
&
43/a
17%
61
3
common
Laughlin Inc common
Brach
200
250
5
Brewing Corp
Brown
43/4
17%
1
—4
Corp
Aviation
Berghoff
43/4
109
Inc,
common—
Nor. West Util—
IVo preferred
High
Feb
34
Bastian-Blessing Co common
Bendix
533/a
17%
pfd_:
—100
Tel Co capital——100
common
Radio
500
57%
4%
Co
Aviation Corp (Delaware)
Belmont
Low
17 %
Service
Washer
Range since January 1
•
Aro Equipment Corp common:
Athey Truss Wheel capital—
Automatic
Shares
High
57%
Airlines,
Northwest Bancorp
5
Castings.
common
Mfg
American
-—*
Northwest
for Week
of Prices
Low
Par
of Prices
Par
Sales
Sales
for Week
Range
Sale Price
STOCKS—
36%
363/4
84
35
Apr
383/4 Mar
25
•
12%
13
16%
16%
8%
Chemical Co-
♦
common
Common
Montgomery Ward & Co. common.—*
Muskegon Mot Spec class A
*
National Pressure Cooker common
National Standard cap stock
Noblitt-Sparks Ind Inc capital
North American Car common
For
footnotes
see
page
1895.
28
Feb
29%
50
23/8
300
2%
Apr
42%
43%
250
413,4
Apr
48% Mar
28%
43%
29%
2%
29%
•
28%
20
27%
Jan
30
30
Mar
2% Mar
Feb
UnlistedAmerican
City
2
20
12% Mar
13%
37%
Rolling Mill.
&
Ice
13%
13%
Apr
34%
10
5
50
34%
100
32%
Jan
37
Feb
363/4
373/4
200
3334
Jan
38% Mar
Standard
18
18%
350
17% Mar
20% Mar
Tlmken
Columbia
Fuel
•
Gas
Motors
General
Brands
Roll
,
Bear
61
*
12
15
Jan
4
14%
Jan
60
Apr
•
Feb
17% Mar
5 % Mar
4%
4%
298
10
59%
573/4
59 3/s
240
51%
Feb
59% Mar
*
29%
29%
29%
97
283/s
Jan
31% Mar
44%
44%
10
43%
Apr
48% Jan
*
4
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
1
1891
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING MAY 5
Cleveland Slock Exchange
Last
STOCKS—
.'
!
Angeles Stock Exchange
Friday
.
for Week
Range
Sale Price
'
Los
■-
■
Sales
Week's
Friday
of Prices
STOCKS—
Range since January 1
Shares
Sales
Week's
Last
»
for Week
Range
Sale Price
of Prices
Shares
''
'
1
Par
.
American Coach
Basic
City
&
Body
Low
_5
1
11 %
11%
4%
Ice & Fuel—.
41/4
16%
171/2
Clark
!
Controller.
Cleveland
Cliffs
Cliffs
Corp
Eaton
Iron
_1
—•
150
al83A al8%
preferred—,
•
25
72%
•
5
common
Manufacturing
Electric
Goodyear Tire
Great Lakes
Greif
Bros
Halle
M
Jan
72% May
13%
Apr
Towing preferred
$5
cum
2
45
Mar
Central
Apr
57
Jan
Cessna
21
90
Mar
90
44
Feb
45
49%
49%
55
50
Jan
107%
Lamson
Sessions———
&
Electric
Leland
Medusa
Portland
National
Acme
National
___*'
Tile
Cement—
*
a
•
15% Mar
18%
Apr
16% Mar
17%
130
20
Jan
100
1%
Apr
1%
1%
&
Equipment Co
Television
Motors
Corp
Goodyear
Tire
Oil
Honolulu
&
Co
Oil
Rubber
class
A
Packer
Corp
Patterson-Sargent
Richman
Bros
Standard Oil
*
—
...
Dorn
15
15%
100
13%
Jan
15%
34%
764
32%
Jan
36
a43 Va a43%
65
40%
Jan
43%
Bros
Jade
Oil
Lincoln
Feb
Petroleum
Lockheed
Jan
39% Mar
15%
Jan
19%
Jan
Magnin (I)
2%
2%
150
2
Jan
2%
Jan
Menasco
8%
Jan
12%
Feb
Merchants, Petroleum
Feb
24% Mar
a21% a21%
50
343
25
"
20
;;
:
.
Nordon
6%
n,
common- 10
Addressograph-Multigraph
Cleveland Graphite Bronze com..
Rubber
&
a20% a20Va
_1
common
»
■
a43
--
20
.
a43 %
25
Co
Industrial Rayon common
New
York
Ohio
Oil
Central
U
50
a37Va a37%
...
Corporation, Ltd
Oil
10
Apr
Apr
35%
40%
50
17
Feb
17%
Feb
19% Mar
50
12%
Jan
15%
345
50%
Apr
55
a
.
„
common—
18% al8%
Apr
Union
&
Oil
Oil
of
Sunray
Superior
Co
Union
Oil
Co
11
300
5%
Jan
11
May
10
Jan
10
May
21o
Mar
38c
41c
3,000
30c
Feb
44c
Mar
a
500
a
16%
150
15%
Feb
17%
16
15%
1
150
10
Jan
16%
1,100
1
May
500
30
Jan
1.05
30
30
Feb
Apr
1.25 Mar
35
Apr
7c
7c
5,000
7d
Feb
14c
Jan
36c
37c
2,300
36C
May
48c
Jan
31%
7c
36c
__
31%
287
30%
33% Mar
Jan
35%
35 %
Jan
36% Mar
140
32% Mar
33Va May
31
205
30
Jan
31
48%
315
47%
Jan
49%
42%
42%
230
40 %
Jan
43% Mar
5%
33
215
33%
48
48
35%
33 Vb
31
35%
5%
765
5%
Apr
30
9%
33
9%
3,000
9%
917
29
Feb
May
7
33
8% Feb
Feb
Jan
Jan
10
.
Mar
*
3s/a
3Vb
Jan
4 Va
3%
3%
1,080
47 Va
47%
550
39 %
40%
74
36Va
Jan.
40'/a
a26% a26%
20
27%
Apr
27%
47% May
Jan
47% May
Feb
Apr
47
47
47
180
41
Jan
48
13
13
13%
852
10%
Jan
13%
Apr
3'A
Jan
1
3
Jan
9%
795
8%
Jan
23%
2,241
22%
Apr
9% Mar
24% Jan
3
25
3%
9
23%
25
Mar
22%
9%
Ltd—
200
__
38%
38%
10
37%
Apr
43
Jan
—25
30 %
30%
30%
754
30 Va
Apr
32%
Feb
25
30 '/a
30 Va
30 Va
389
29%
Jan
31%
Feb
28 Va
28 Va
180
24%
Jan
31% Mar
36
36%
1,701
35%
Feb
38%
6
6%
1,000
5Va
Feb
6%
Apr
a77% a77%
100
13 Va
Feb
lT%
May
——
Calif
*
__
*
36%
...——1
,25
Corporation
& West
6
——"
—
13 Va
—2
8%
8%
105
13%
969
8%
8 Va
Jan
Jan
9% Mar
18%
18%
2
18 Va
Apr
19% Mar
18%
18%
18%
2,567
18%
Feb
19% Mar
10
13%
13%
13%
310
Jan
8%
8%
100
7%
Apr
13% May
8% Mar
6
6
700
3%
Jan
a5%
a5%
Consolidated
Air, Inc.
Oil
Co
Western Air Lines, Inc.
Ycsemite
10 Va Mar
California..—————25
of
Universal
-
Feb
—*
Taylor Milling Corporation
Transcontinental
Mar
8%
Jan
——15
Oil Corp..
Oil Company.
Transamerica
May
31
1,200
•
Co
Standard
51
10%
*
preferred class B
preferred C._
Pacific
Apr
Jan
30
Company—
Edison
47
27%
8%
•
Corporation
Calif
Jan
374
135
4c
1
1
Corp..—
Gas Co class A
Southern
DETROIT
38%
51
28%
a44%
11,100
—...1
Oil
Aircraft
6%
Telephtjpa: Randolph 5530
115
Jan
9% May
42% Apr
19C
1
Original preferred
Ford Building
59% Mar
Jan
9%
*
5 Va %
Chicago Stock Exchange
Jan
7V8
16
10
Southern
Detroit Stock Exchange
52%
130
12c
Sontag Chain Stores Co., Ltd
New York Curb Associate
801
9%
9%
25
Solar
New York Stock Exchange
58%
28%
—.—25
_
preferred
Sinclair
Members
14 Va
a44
al6%
25
—
1st preferred.
first
Signal Oil
Watling, Lerchen & Co.
Jan
12
40c
common.———.25
1st preferred
Shell
Mar
11% May
9%
10
"I
__1
Elec
Richfield Oil Corp common
Ryan Aeronautical Co—;
Safeway Stores, Inc.
.
Security Company —
20% Mar
60
al5% al5%
a50% a52%
common
&
Rice Ranch Oil Company
Jan
Jan
570
iq%
—1
Co
Indemnity Company
Lighting Corp common—
Republic Petroleum Co common
20% Jan
13% Mar
8%
11%
9%
C.q_—1
Pacific
Jan
a1R% alR%
common——
common
Steel
S
....
18%
-
1
Pacific
43% Mar
37%
Jan
400
,
*
Co—
Gas
5%
Jan
Feb
35
al9% al9%
common—
Republic Steel
41%
120
11%
Apr
9%
1
& Co common—
Mfg
5 % %
22% Mar
Apr
39% Mar
100
F<V
Glidden
Jan
38%
5
a39 Va a39 Va
12
9%
50%
10c
Corp..
33%
Oceanic
Tire
Aircraft
100
Pacific
Firestone
Co.
115
10%
48%
~~
37
10%.
8%
Jan
2Z
—10c
16%
°
Jan
7%
.:
Co—
16%
—2
20 Va
•57%
a44%
Preferred
Apr
Mar
Feb
460
565
11%
~~
~~
~~
»
common..
36%
——.
Enlisted—
Packing
*
Weinberger Drug Stores.
Motor
Hunt
Apr
_____*
...
Works.
'
White
'
34%
25
,Warren. Refinipg
4
15%
Jan
15%
——
of Ohio
Iron
12 %
so
15%
34%
;
__i
Thompson Products Inc__
Van
15%
23% Mar
May
22%
*
Hudson Motor Car Co
10%
11%
*
;___
Jan
12
•
Co
9V8
May
48 Va
*
common
Corporation
2,223
,
7
95
8%
~~
10
common—
57
Apr"
22%
___1
common—
28% Mar
Jan
6
10%
5
Radio
&
Feb
45
10%
~g7/a
1
Corp
Paint Corp
Hancock
Jan
2
Products
Farnsworth
Jan
14%
17
15% al5%
17
—____1
America
25%
85
1,225
a82% a84%
«
General
Jan
17
10%
4
General
80
of
Derrick
Feb
210
17%
*
Douglas Aircraft Co, Inc
Jan
6%
Feb
5%
17%
__
a84%
Electrical
Feb
18
5%
5%
——*
;___
12%
Mar
5
6%
*
Creameries
Emsco
11
"7
Jan
7
56
l
Feb
1.95 Mar
16%
57
a25% a25%
100
Preferred
Mar
73
Corp,
Co..
Corp
Consolidated Steel Corp
Feb
105% 106%
Investment
Aircraft
Chrysler
Mar
70
Apr
2.00
Jan
Feb
170
Jan
13% Apr
Feb
90
•
1.80
1.30
44'/a
12 '■
422
15%
44%
11%
1.95
1.90
333
90
__
Jan
1,520
44% Mar
*
12 Va
1.95
Feb
Kelly Island Lime & Tr—
25
a
15%
42%
431/2
Feb
14%
14%
1.80
50
105
Apr
2,502
6Va
15%
36%
;
T95
3Va
1.90
105
__
2
a
Jan
Jan
157/3
a43% a44%
*
™
2
4%
.1
48% Mar
pfd—
*
2, COO
Broadway Dept Store, Inc common.*
California Packing Corp common
Feb
,
High
3%
5%
Mar
40%
100
Low
3
5%
i
common
Corp
Range since January 1
High
15
104
,
'
50c
Diamond Corporation
Bolsa Chica Oil Corporation
270
•
Bros
Corp
Low
Company
Blue
Jan
—•
Rubber
&
A,
22
a44 V4 a46%
Cooperage class A—_____*
preferred
100
Bros
Hanna,
Jan
Accessories
Petroleum
Barker
17% May
63
29
50
Jan
18%
1,312
a43% a43%
52
Bandini
*
F
B
■
14
4% Mar
15
316
72 %
13%
__
—J:'
Controller
Goodrich,
69%
;
11% Mar
4% May
100
21
*
*
Jan
Aircraft
10
265
Refractories
For
High
Low
High
Portland
5
—_——1
Cement
10
pfd.
12
6%
Apr
i.
Mining Stocks—
*
10
Alaska Juneau Gold Mining Co
Mammoth
Black
Cardinal
Detroit Stock
Friday
Week's
Last
8TOCKS—
Low
Electric
Allen
Atlas
Rubber
Burroughs
5
Range since January 1
Low
High
High
Machine
12%
1%
100
1%
Jan
1%
7%
8%
common—
Adding
Shares
1%
.
10c
1,000
3c
5c
3,200
8%
844
6
Jan
8% May
; 6%
110
6 %
Jan
12%
12%
100
Tel
14
Anaconda Copper Mining Co
50
Atchison, Topeka & Santa Fe Ry—100
Aviation Corporation
3
Paper
Continental
—10
common
15%'
100
5%
100
7%
Jan
Oil
Barnsdall
Aviation
Bendix
Motors
common——1
—
.
„•
5%
4%
Corp
Airplane
Borden
Co
—
,
Detroit
&
Detroit
Edison
Cleveland
Detroit Gray
Twin
Divco
Nav
common—10
19 %
_5
common
Truck
6
20
common
Iron
6
6
1 v"
IV
4%
1,000
-
19%' 19%
<
Jan
18%
400
Jan
75c
2,229
•
Jan
6% Mar
Columbia
1
Mar
Gar
6%
6%
300
6% May
6% May
Cons.
3%
3%
200
2"%
3% Mar
Finance
General Motors
Oil
Lamp
Hurd
Lock
Kinsel
Drug
Kresge
Car'
&
(S
Mfg
5
35
35
4%
200
Jan
5% Mar
3%
Jan
3% Mar
57%
58%
1,364
52%
Feb
59 % Mar
1
3%
4
6,390
2%
Jan
4
May
Goodrich
7%
7%
6
Jan
8
Mar
Graham-Paige Motors Corp
Great Northern Railway Co.
10
Electric
1-
General Electric Company
Foods
General
Screw
Prod
common——_*
1
1%
1
Michigan
Sugar
MidrWest
Jan
2
1%
100
1%
Jan
1%
75c
75c '
550
75c
Jan
Jan
88c
7
Jan
V
.
100
5%
Jan
7%
*
7%
135
5
Jan
7% Mar
1%
2
750
1%
Jan
2%. Jan
...
10
9%
9%
100
9
Jan
10% Mar
common™
•
3%
4
460
3%
Feb
26%
27
1,080
26%
Apr
100
18%
Jan
common
1
common
Murray Corp common.—
7
Motor
Car
Parke,
Davis
Parker
Rust-Proof
common
Peninsular. Mtl
Pfeiffer Brew
—
.—2%
common—'
Pr
19%"
1
19%
"
1%
Prudential Investment common—_'™_1.
i
1%
730
1%
Feb
8%.
commpn
common™—
8%
100
8
Jan
2
2
376
.
1%
Jan
York
New
—
Aviation,
Motors common.—•
_.
common
8%
1
8%'
275
8% May
3%
900
3%
630
9%
»
3%
3%
,—___—-—10
9%
9%
0
Tivoli Brewery
1
common—'
10
,
2%
2%
102% 102%
1
Simplicity Pattern common.J——
Stearns (Fred'k) common..—
500
3%
470
3%
10
Jan
Apr
2% Mar
100
2%
Jan
Jan
4% Mar
30%
Feb
19% May
1% Mar
9
Feb,
2% Mar
Motor
Packard
United
Shirt
Oil
Universal Cooler
3%
class B.
Radio
Warner
Co
Aircraft
Wayne Screw Products
For footnotes
see
Standard
1895.
Jan
43
Mar
47% Mar
1%
Feb
35
28%
32 Va
257/a
Jan
Apr
12
Jan
14%
1% Mar
Apr
27%, Jan
65
,
31%
278
30%
Feb
32 V8 Mar
7
315
6%
Apr
7% Mar
6%
Apr
45
43 %
43%
410
42
Apr
47% Mar
17%
17%
160
15%
Jan
20% Mar
1
.10
a8V8
a8%
49
8%
Jan
al7% al7%
10
16%
Jan
__
50 •
25
29%
a21%
9%
Feb
18% Mar
10
Mar
3% Mar
12
2%
Standard
Stone
&
Studebaker
Swift
102% May
3% Mar
&
(N J)—
Webster,
Apr
Corp
Inc..
—
—
Company
Texas Corp (The)
Texas
3%
Jan
4% Mar
235
26%
Jan
29% Mar
124
20%
Feb
22 % Mar
41%
280
41
May
42% Mar
4
29
%
41
al6
al6
50
15 Va
Feb
18
9
9
287
8%
Apr
10%
16%
175
16%
Apr
18 Va
Jan
a88% a90%
161
88% Mar
88%
Apr
12%
357
12
Feb
a23% a23%
75
22 %
Jan
a29% a29%_
a33% a33%
159
29 %
Apr
25
32% Mar
33%
a53% a55%
309
53% Mar
55
16%
a90%
12%
a23%
a29%
25
25
(Indiana)
Oil Co
Jan
2,085
29%
a21% a21%
*
*
Inc
Brands
Gulf Sulphur
Co
200
2%
Jan
3%
4%
4% Mar
4%
Feb
Union
Carbide &
Z2%
2%
300
t%
3
Mar
Union
Pacific Railroad
Oil Co
*
1
—25
25
*
a55%
12%
8 Va
15%
a30
a48%
8Va
181
15%
8 Va
May
Mar
Jan
13% Mar
27% Mar
30
Apr
Feb
Mar
9 Va Mar
15%
703
13%
Apr
16% Mar
a29% a30Vs
160
27%
Jan
31%
Feb
46 Va
Apr
46%
Feb
a33% a33Vt
14%
50
14%
480
13%
Jan
14%
Apr
a78 Va a78'/a
10
a48% a48%
92
5
7R%
Feb
78%
Feb
14 Va
Feb
100
7
98c
common.J—.A'
page
17
100
1%
a59% a60%
15
*
Socony-Vacuum Oil Co
Railway Company
3%
1
common
5
a26%
a26
31%
7
*
Southern
4%
3%
*
class B
Feb
Jan
al3% al3%
•
of America
Corp
Republic Steel Corp
Sears, Roebuck & Co..
Jan
United
Walker &
6Va
*
_*'
common
Apr '
15
30% Mar
140
4
Co
*
1
—
Dist
1%
Co
Car
Tide Water Associated
Udylite common
167/a
Jan
May
Feb
Feb
May
100
a41%
i
River Raisin Paper common..
Scotten-Dillon
Inc.
Pennsylvania Railroad Company
Phelps Dodge Corporation
Pullman Incorporated
Standard Oil Co
Reo
5
5
*
RR
Central
American
North American Company
Pure
Packard
Canada
Montgomery Ward & Co Inc
North
30% Mar
150
17
17
_
11%
90
10%
26 Va
Mar
1
—.—10
:
Abr
1%
50c
Preferred
Micromatic Hone
Mar
100
1%
—*
common
1,706
50
122
5
5
7
*
•
1%
Apr
al2% a 12%
a3lVa a31%
a31%
•
1%
Casting common.
Feb
25%
a44 % a46%
Copper Corp
Inc
4 Va
249
a33% a34
Kennecott
Feb
250
30 »/a Mar
36% May
a46%
Libby, McNeill & Libby
Jan
675
4%
Mar
36% May
8% Jan
a34
a26%
—_1
*
*
Jan
1%
9%
26 Va
30
Feb
Mar
36c
100
Jan
24
Jan
40
36%
Mar
41%
70c
Jan
60% Mar
Jan
May
1%
36
Apr
41%
60c
24c
Jan
57%
25
100
120
34%
13
a40% a4l%
" 60c
1%
135
525
9
*
27c
35%
60 Va
Jan
International Tel & Tel
1%
Feb
4%
Int'l
27c
4%
37%
10% Mar
Feb
18 % Mar
Apr
70c
22%
21 Va Mar
Apr
Feb
Feb
1,137
Feb
16%
4
Jan
23%
Jan
19%
35 Va
50c
23
1:
Michigan Silica common—————1
Michigan Die
Co
of
3%
95
400
150
Co
100
360
3%
16
a4
500
Nickel
Feb
36 Va
60c
Feb
67Va Mar
36 Va
.*
*
Corp
(B F)
Jan
a4
10
9%
Loew's,
Masco
McClanahan Oil common
Light Corp
Power &
60c
1
——10
common
8%
May
60c
common
common—
100
35
56
*
300
May
365
Apr
Mar
«
100
3%
35
27
26
• —
'
3%
_5
common.—:
S)
5
35
10
common.-—
common.—
Hudson Motor
5
0
5
Jan
4%
4%
1
Corp....
(Del)
Co
_1
commpn
Brewing'common.
Goebel
Hall
3
common
Manufacturing class A
General
Aircraft
Vultee
24%
36%
Curtiss-Wright Corp
1
Class A ■
' ——X.
Jan
344
a30% a30%
Co
Corp—*
1
common
Industries
Wood
Gemmer
Brew
43%
158
60 Va
Company.'—.25
Edison
Feb
Feb
35%
5
25
_—1
common—
Continental
Frankenmuth
Railway
Electric
&
Gas
Commonwealth
Jan
42%
al3Va al3%
35%
al3%
—.——15
—
Pacific
Canadian
20% Mar
5
156 Va
190
16
•
Co
Borg-Warner Corp.
"
Apr
36%
815
al8% al9%
5
5
Bethlehem Steel Corp
6% Mar
Jan
37%
40
156% al57%
3%
t c._—13
Company..
Boeing
Jan
Apr
a63% a66
a25%
a65%
—
13% Mar
■14% Feb
Apr
5c
a25% a25%
a
'
Consolidated
Jan
8c
a4lVa a41%
al57%
Corp
Locomotive Works v
Baldwin
6%
Jan
a36% a37%
*
100
& Tel Co
Viscose
15%
12%* Jan
15%
Apr
5% Mar
6c
l%c Jan
Stocks-
Smelting & Refining Co
American
6%
Forge common
Drop
Baldwin
1
common™—
10c
5c
American
for Week
of Prices
10c
Mining
American
Sales
Range
Sale Price
Unlisted
Exchange
129
Co..10c
Co..,———1
Cons
Gold Mining
4%
7
1.00
4%
200
2,525
"
100
Air
Lines
6
Feb
7
May
United
Aircraft
98c
Jan
1 % Mar
United
Corp
Jan
4% Mar
U S Rubber Co
3%
Carbon
Corp
•
Company—100
5
—5
Corp
(Del)
a27%
108 Va May
108% May
165
160
22%
Apr
22%
Apr
a27V2 a27%
70
27%
Apr
27%
Apr
1%.
*
10
,
108 Va 108 Va '
a237/a a24Va
Transport
(
1%
1%
300
1%
Jan
1% Mar
45%
45%
45%
562
43 Va
Apr
47% Mar
COMMERCIAL & FINANCIAL CHRONICLE
THE
1892
Monday, May. 8, 1944
OTHER STOCK EXCHANGES
ik<
RANGE FOR WEEK ENDING MAY 5
of Prices
Low
Par
United States Steel Corp.:
Warner
Bros
"Ills
Inc
Pictures,
Western Union Telegraph Co—
11%
12%
a46%
7%
7%
Apr
Feb
47% Mar
Feb
95
Feb
9
-61/4
325
a38 Vs a38'/e
10
11%
25
Clark
37
14
Mar
Oil
Star
Week's
Last
1
Low
Chrysler Corp
157%
Curtis
Pub
Prior
Co
Electric
Motors
226
18
175
21%
5%
Jan
.
7%
50
7%
Apr
84%
215
78%
Jan
5%
5%
41%
15
14%
Lehigh
——•
Navigation
Coal &
Valley
National
—
—50
5%
—•
1
—.——-—50
V 5%
RR.——
& Light.
Power
Pennroad Corp
....
Pennsylvania RR
*
Philadelphia Electric Co common..—•
$1
preference common
....
*
4.4% preferred
.—.100
Phila Elec Pow 8% pfd——-25
__
—
29%
17%
36% :
3
50
50
preferred ———-—i.——50
Philco
Corporation
Reading Co common
*
1st
preferred
....—
2nd
5%
29%
19%
24%
..
Oil
Dome
Mining
Scott
Paper
Sun Oil
5%
13%
Apr
Apr
43
Feb
100
3
Feb
8%
Jan
50
4%
Jan
Tonopah
Apr
■■>•'IV: 11':
■
5%
2,950
2,109
United
$3
4Va
10
Jan
5%
5c
United
Gas
19%
23%
Jan
25%
116%
Jan
118%
Coal
153
31% Mar
34 Vb
29%
450
25%
Jan
194
16
Jan
20
5
32%
Jan
37%
75
27%
Jan
5%
:
7
30%
7
31%
21%
22%
4
38 Va
Jan
43
54%
Apr
60%
Apr
35
10
29%
%
1%
33%
1%
335
1
7,649
%
of Prices
Low
2%
18 V2
Low
7
48
48
5 Va
Apr
27% May
Steel
125
12
1st
Range since January 1
Low
24%
24%
40
2%
3
32
9%
9%
20
8%
8%
65
—
Apr
2% May
Stix,
High
Apr
Steel
Canadian
Jan
Last
St.
L
7%
preferred.
....
Ajax Oil & Gas
Alberta
Aldermac
Aluminium
Aluminum
*
Electric
Ltd
•
common
of
Canada
5%
Aquarius
885
33
6,745
Gold
Gold
2Vb
27
70
10
58
Jan
14c
86,800
7VaC
Jan
14c
1,300
1.10
Jan
12c
12c
11c
15 Vac 18 %C
Astoria
-
Gold
10%
Bagamac
of
Bathurst Power & Paper
Class
B —
Bear
Exploration
Beattie Gold
class A
Ltd
;
Biltmore
Blue
Blue
Hats
Ribbon
Brewing class
Bob jo Mines Ltd
JBonetal Gold Mines
Jan
20c
Jan
97
Apr
May
Calgary & Edmonton Corp Ltd...
Calmont
7,600
25%
14c
64,300
,
27,600
Apr
55c
Jan
21
May
Class A
__
19Vac
149
—■
_.
377,700
3.65
3.85
1,300
18c
20c
17,575
80,450
I6V2C
24c
148
149
24
11 %c
12c
6,050
14 V4
Canadian
Canadian
77c
48,890
1.75
1.73
1.80
11,159
30%
31
30
152%
154
150
45Vac
44V2C
49c
33,591
__
28c
3.20
Apr
Jan
xi:/2c Jan
12c
150
10c
36C
Apr
Jan
Jan
Feb
Jan
Jan
1.70 Mar
21%
151
37c
83c
May
4.15
Jan
23c
Feb
24c
May
Jan
157
13c
Apr
16 % Mar
4% Mar
Mar
85c
2.45
Jan
9
8%
Jan
43%
Jan
50
Mar
17
Jan
21
Apr
8%c
8 Vac
8%c
11,000
6 V2C Mar
20 c
Feb
11 %
Jan
798
21%
22
480
21
Broulan Porcupine Mines, Ltd
Brown Oil Corp
For
footnotes
sffl
Apr
Mar
page
1895.
1/
•
20
20%
250
20
Apr
1.20
*
1.13
1.22
78,315
69c
Jan
76c
73c
77c
9,900
70c
gy2C
5c
5Vac
6,600
4VaC
__
66 Va
Apr
Sales
for Week
Shares
Range Since January 1
Low
3'/aC
3%c
8'/a
8Va
26
25 %
26
195
1.88
2.00
2,425
__
1,90
High
Jan
4.35
5 Vac Mar
9%
3.55
Jan
Jan
15%
Jan
17
Jan
3c
Jan
4c
Mar
8%
1,500
preferred
Conv preferred
Apr
24%
Jan
9%
Feb
Canadian
5Vi
110
100
45
7
7
7
300
103
103
10
Apr
5
May
Feb
110
Mar
2.24 Mar
25c
6%
112
Feb
Jan
Mar
Jan
7%
Apr
103
May
107 Va
Apr
18
Apr
,22
46
Feb
99
Mar
153
Mar
6%
__
18Va
46
46
18 %
46
25
10
43%
96
15
90
Jan
Jan
150
150
51
145
Jan
__
May
Feb
10 Va
10 %
10%
402
9%
Jan
12% Mar
34%
34%
392
31%
Jan
35%
131Va
132
74
128
Apr
5
Jan
136
Feb
Mar
8% Mar
7%
«
__20
;
7%
7%
4,850
/__
42 Va
42 Va
30
40%
Jan
9Va
25
8 Vb
Jan
23 Va
23%
30
22 Va
Jan
24
Mar
13 %
13 Va
440
12
Jan
14
Mar
8%
8
Apr
__
45
9%
Mar
Feb
common
Dredge
& Dock
Co
*
25
8%
110
25Va
25Va' '
26
180
37
36 Va
37
75
142
141%
142
80
16 V2
16 Va
10
15
Jan
Mar
52
Apr
Jan
47
Apr
8%
—*
__
49 V2
Mines
—
100
27
72c
18%
85
138
35
11,006'
Jan
60c
18 %
133
Mar
Apr
Feb
97/a
28
39 Va
Feb
Mar
Feb
150% Mar
17% Mar
80c
Jan
21% Jan
138
Apr
*
4,772
Jan
12%
Feb
15
50
14%
Apr
17
Apr
19 Va
19 Va
10
18%
Feb
19 V2 May
1.65
1.70
300
90c
95c
1,825
140
10%
*
10%
15
25
Ry
Canadian Wirebound Boxes
25
10 %
71c
105
137
*
52
42
70c
52
*
44
42
—....*
common.
Preferred
24%
35% Jan
141% May
18 Va
Products
Locomotive
Oils
13 Va
.100
...
*
•
—
—
Celanese
Canadian Food
Canadian
5Vi
1.82
19c
26
9'/a
Preferred
Canadian
1,800
110
•
Canadian Car & Foundry common
New preferred
——
Canadian
19c20VaC v
25
•
1st
Cariboo
Mar
Apr
Gold
Quartz.—.
..
.1
Castle Trethewey Mines..
140"
10 Va
__
1
90c
1.55 Mar
90c
Mar.
1.90
1.15
Jan
Feb
IOV2C Jan
28 %c
Apr
Central Canada
Central
class A
Mar
Apr
Mm
Mar
10
22V2
63
85
common
Pacific
25
22
$100
Mar
34%
:
.—...
Wallpaper B—.......
55
21%
65
Jan
12
•
Breweries common
Canners
Canadian
Jan
21
22
Jan
16 %
—100
Commerce
Canadian
67c
8%
Oil
of
Apr
Jan
45%
22%
31
20
■
—50
"Jan
21
.Brazilian Traction Light & Pwr com..*
320
16%
100
31
8%
490
Dominion
35
9%
32%
96
157
45Va
7,007
Columbia Power
10%
11,200
Power
Jan
21
12c
British
Feb
6%c
*
,.*
Apr
*
27c
British
Jan
9
6c
100
Canadian Malartic Gold
154
;
10
•
common
Bank
Preferred
2%
72V2C
Canadian
Apr
12c
Oil
50
100
100
Preferred
Jan
13%
74c
1.01 Apr
25% May
24c
25
2%
Apr
6.75 Mar
53c
14 Vt
2%
70c
May
35c
25c
American
10%
4,685
'
...
'8%C Jan
26c
British
May
Mar
High
__
Preferred;
Jan
12c
Ltd
120
Jan
17
4.20
6c >
•
......
Canada Cement
18c
1,1 Vac May
•
Mines,
May
Low
common
Steamship Lines common
Feb
5.90
__1
Bralorne
130
3.60
:
Oils, Ltd
Bread
Permanent Mortgage
58VaC
.
l
.
Mar
113
Week's
4.10
preferred—.26
Canada
732.000
..50
B—
124
5
Range
Steel
Caldwell Linen Mills 1st
Northern
39C
...*
common...
preferred-—.
Tod
Burlington
Canada
1
Gold
10
10
18 Va
of Prices
Extension Mines———*
Foundry class A—
Malting Co™.....
2%
*
Hill
Canada
18
1
120
9%*
•
Jan
100
...
.
Products Ltd—
Va Jan
1
"A"—
Mar
65
•
99
___*
Bell Telephone of Canada
Bidgood Kirkland
*
& Radium
Mines
Beatty Bros class
—1
Bunker
Gold Mines
99
18c21Vac
61c
83c
81c
-—.7-7.-*
Feb
44
*
32 Va
9%
•
Jan
35c
3.75
..—.100
Mining...
Building
Mines
Jan
18c
1
Montreal
Metals
Canadian
Gold
88
.-V 21
li%C
1
Bankfield Cons Mines—....
Bank
Base
14
Jan
8%
Ankerite
96
36c
1
Feb
32
160
•
Last
5
4,800
Mines
130
10%
Friday
32
92c
...
Apr
13
217
13 Va
40
Sale Price
„
98
11 Vac
Mines
Jan
MARKETS
90%
90c
Aumaque Gold Mines...
Aunor
18
18 Va
•
25-yr conv inc.—1964
90%
670
24
.
15
t—
97%
1,250
1
Apr
120
120
*
Canada
—
62C
....
17
130
—.5
Canada
6.00
—-
Feb
14c
15c
5
91c
Quebec Mines...
May
1.79 Mar
89
19,250
97
97
Mar
s
Armistice Gold
70
17
Jan
6
ENDING MAY 5
Canada
2,000
5.90
<1
16'/a
Jan
Jan
1.48
70
18c
Jan
36 %
1.44
6.00
Mines
3Vb
Apr
9 %c
*
Mines
Apr
High
75
98
___
Arjon
2%
pfd._10Q
....
Area
Range since January 1
Low
62c
Anglo Canadian Oil
Anglo Huronian Ltd
Apr
13%
100
100
common
Buffalo
Shares
of Prices
31
preferred..—.......100
Co.
Apr
13
38 Va
.
STOCKS—
for Week
2%
11 %C
Copper
Steel
5
10
16 Va
Par
32
Pacific Consolidated Oils—1
Algoma
50
13 Va
7
High
__1
......
11 Va Mar
5Va
common
Buffalo
2%
Acme Gas and Oil Co
37% Mar
Feb
13'/a
common.
Pub Serv
LISTED
FOR WEEK
Sales
Low
Par
100
100
Jan
10
.20
Funds
Range
Sale Price
common—
6%
35%
21
Bonds—
9% Mar
Exchange
Week's
Friday
Power & Power
100
413
-.5
W V
Toronto Stock
preferred
Mar
8
Jan
7%
com—
Baer & Fuller common——10
Wagner
10 % Mar
7%
RANGE
6%
Apr
3% Mar
9%
,
Scullin
27% Mar
CANADIAN
Abitibi
Apr
15
37%
—7——*
—
24
Jan
37
1...
preferred
";"-
10%
,
common...—
preferred
2nd
Apr
May
5% Mar
Feb
23
10
7Va
48
Apr
23%
Cement common._25
Portland
National Candy
♦
Apr
5%
14 Va
77*
common
46%
23 %
10 Va
5Va
Clay Prod
Jan
30
14 Va
...
common
6%
7.1
common—.—
Laclede-Christy
Laclede
-
200
5%
7%
common
High
Low
300
—1
__
common..—
Monarch
Knapp
Range since January 1
High
7
—10
Electric Co..——_
Bottling common
Brew
Scruggs-V-B Inc
Shares
————100
"111
a
893
Sales
Shares
of Prices
—50
.
International Shoe
Jan
Jan
Feb
IV2 Mar
High
24%
STOCKS—
/
for Week
Range
Hussmann-Ligonier common..
1% Mar
36% Jan
for Week
*
*
„
Sales
Range
Sale Price
common.
*
Exchange
Week's
Last
1
Coca-Cola
Falstaff
Jan
Apr
preferred
Century
Jan
15
78
5%
Apr
%
2
22%
-•
4
18
27%
Blaty-Knox ' Co--.-..-.-.—~...—.*'
Co
Feb
Missouri
Phone
Par
May
Jan
31%
120
Week's
Par
Gas
25% Mar
CEntral 7600
Sale Price
STOCK8-
American Inv common—
Jan
1%1 Vs
33%
32Va
1%
1%
Last
...
,
Jan
Friday
Nat
Apr
Bell Teletype 8L
Friday
Pittsburgh Stock Exchange
Preferred
21 Va
Chicago Board of Trade
St. Louis Stock
Missouri
Arkansas
33V4
?
Feb
71
% Mar
1;
Apr
New York Curb Exchange Associate
McQuay-Norris
Allegheny Ludlum Steel
1871
Associate Member Chicago Mercantile Exchange
10 Va Mar
1 % Mar
STOCKS-
5% Mar
31
95
North 4th St., St. Louis 2,
Chicago Stock Exch.
Apr
Feb
7.V
35
18
27
Jan
2.600
Feb
8%
20
;■
3%
5%
,
31 Va
Members
•
Mar
60
148
—
5
•
30% Mar
36%
133
20
Feb
30 Va Mar
17 Vb
IV2
;
.
7c
Feb
%
Inc
Westmoreland
Jan
Feb
40
1%
10
Westmoreland
Feb
2c
13,000
St. Louis Stock Exchange
Jan
1,098
*
j|
.
10 Va
New York Stock Exchange
30 Va Mar
22
__
—*
V—
-*
Improvement.....——_*
108% Mar
May
6c
5C
Established
Jan
Jan
—
Corp common
Jan
10
Mar
Feb
..25
preferred
1 Vb Mar
95
50c
Edward D. Jones & Co.
Feb
32%
35
common.™
10
St; Louis Listed and Unlisted Securities
14% Mar
26
3,781
24%
118%
—
Preferred
Jan
72
100
755
85c
10
VV^ r.vV
/;*<
6% Mar
—25
Transit Invest Corp
80c
105% 106%
100
Brake——.....
7 V4 Mar
5%
,
29%
—
participating.
;—.—*
Mining —
.———
1
7% May
3% Mar
;
20
57
A
Jan
80c
59 % Mar
Tacony-Palmyra Bridge—
Class
6%
Jan
51%
6
9%
9%
39% 39%
57 _/ 57
——
1,579
—*
Steel
Air
'
V
common—
......
7%
Jan
46%
170
".
Alloys
Westinghouse
Mar
6%
Apr
39%
9%
——1
—~
*
Corp..—
8% Mar
7Va
w•
•
10
.■■■'
Salt
17V4 Mar
Apr
8% Mar
86
475
31/8
9%
5%
5%
5 Vb
28%
19%
24
117%
32%
29%
16%
36%
30%
—...——
300
Lehigh
Apr
7%
Apr
Jan
Jan
191
59%
3%
15%
680
4
Jan
7% Jan
165
40
57%
26 %
•
1,281
141/4
39%
;
Jan
Mar
5
40%
15
"
14%
39%
59%
82
87/B
—
i.— —1
1
Gas common.
Shamrock Oil &
21% Mar
Apr,
7%
*
-—10
P
159% Mar
Apr
56
Engine Co———1
Aircraft
Jacobs
Jan
6%
41%
,
16%
14% Jan
156
22 %
*
Light (wd)—13%
Storage Battery——
General
530
82%
84%
15 VB
8%
105%
5
High
Vanadium
131
6%
—
.
——
&
Power
Delaware
Low
15%
*
common
preferred
Range since January
221/s
-
-5
—
Shares
156% 1571/2
18%
19
~
American
Manufacturing
San Toy
High
15
Stores—i
*
Tel & Tel——...100
Baldwin Locomotive Works v t c—13
Barber Asphalt Corp
—~—10
Budd (E G) Mfg Co common.:—
Budd Wheel Co
—*
American
of Prices
?ar
V'
Glass———,—25
Plate
15%
87/B
7%
Sales
for Week
Range
Sale Price
stocks-
Pittsburgh
Ruud
16%
1$% Feb
:::io
Fuel
National
Philadelphia Slock Exchange
566
456
15%
—
—10
Supply—
—.—
_*
Fireproofing Corp...
Mountain
188
17
15%
4%
—.....
...
4%
9 '.
16%
17
—5
»
Refrac——
Gas
185
15%
—10
„—..._—.—
9
Mar
5% Mar
17
Feb
15% Apr
•
common
High
Low
High
9
—————_—.
Walker
Harbison
Lone
Friday
Electric
&
Duquesne Brewing
Apr
39% Mar
Jan
Gas
1
Range since January
Shares
Low
*
(D L) Candy—
Columbia
Devonian
Mar
for Week
Range
of Prices
Par
42%
20
121
_1
531/4 Mar
93
850
a46% a46%
50
& Mfg
Elec
High
51% Mar
418
a96Vs a98 %
100
Co_„.
Willys-Overland Motors Inc
Woolworth Company (P W)—.—
Westinghouse
Low
521/4
'
Sale Price
STOCKS—
Range Since January 1
High,
521/4
—
Shares
Sales
Week's
Last
for Week
Range
Last
Friday
Sales
Week's
Friday
Sale Price
STOCKS—
12 % Mar
Patricia
Loan & Savings—100
Gold
Mines
__1
Central Porcupine Mines.—
1
__
:k
5
140
May
1.75
2.200
1.62
Jan
12c I2V2C
1,72
4,500
8%c
Jan
1,71
*
12VaC
24% Mar
22%
Jan
Chateau Gai Wines
24%
Jan
Chemical
1.22 May
93c
Jan
8%c Feb
Research
31/2
3 Va
100
3% May
17C
Jan
140
1.92
13c
4%
48c
May
Feb
Feb
Jan
Mar
1
26V2C
25c
Chesterville Larder Lake Gold Mines..1
1.27
1.25
1.29
8,500
1.25
Apr
1.72
Feb
2
1.82
1.82
1.88
6,100
1.80
Apr
2.08
Jan
•
12
11%
12%
360
11%
Jan
12%
Feb
Cochenour Willans
Cockshutt
Plow
Corp
Gold
Co—
Mines
.
27o"
11,000
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
yolume 159
CANADIAN
RANGE
Friday
Par
Coin
Lake
Commonwealth Petroleum
Ooniaurum
Bakeries
Consolidated
Mining
Cosmos
Mines
15 %c
Jan
28c
Feb
Maralgo Mines
3,000
20c
Feb
22c
Apr
Massey-narris
29c
Feb
33c
Mar
3,100
1.38
1.36
1.40
3,950
v
1.36 May
15
Jan
38%
Jan
15
*
100
40 %
900
133
115
21
22
40
13c 14'Ac
21
14c
15
40
132
40'A
Petroleum
Delnite
50,496
21c
30c
100
Mills
Imperial
Davies
14,900
12c
Mar
Jan
128
Jan
21
Apr
1.70
Feb
42 % Mar
15,000
4%c
Apr
8%
1,179
7%
Feb
II20
21%
20%
21%
810
19%
Jan
*
7
7
7%
100
Preferred
McColl
Frontenac
104
104
105
40
5C
5c
2,000
common-,
Preferred
1
Red
1.02
Feb
McMarmac
4c
Jan
McVittie
70c
1,500
2%c Mar
40
38%
40'A
215
33% Mar
42
26
26
26'A.
450
25% Mar
29%
162
162
162
45
Jan
163
Mar
*
23
23
23
25
22%
Jan
23
Jan
22'A
223A
400
21%
Apr
23% Mar
7
7%
310
7
Apr
9%
9%
p05
7%
Jan
Mar
Lake
Red
Mines
Lake
Gold—
Bank
Fabrics
Dominion
Foundries
2nd preferred
<& Steel
_*
com
■'Dominion Steel class B
Dominion
Dominion
Chemical
&
Tar
common—*
& Worsteds
Woollens
Preferred
'
9%
>.
com—*
4%
4y2
434
20
17%
17'A
17%
325
1
28c
20c28%c
101,091
———
Mining
Duquesne
—
-2b
155
Co
3% Jan
105
11
Jan
Jan
9c
Crest
'
Oil
-*
Products Ltd
Steel
Eastern
8%
Jan
Mar
10
Mid-Continental
Oil
Trust..-.
Investment
Economic
Electric
25
Montreal
Farmer Candy Shops—
Fanny
Federal
A
*
Feb
Apr
5%
18
Corp
common
Kirkland
Federal
Fleet
9
Mar
10
29
Jan
34
Co
—•
20
3
Jan
4
May
Gold
31%
32%
3%
100
76
77
3.05
490
33A
76
■>''/
*
Canada class A
of
Francoeur
7c
V
27
Jan
33A
Feb
Feb
75
30
Apr
4%c Jan
10,500
3.90
Jan
32% May
5%
88
National
5%
Power
7%c Mar
340
3'A
Jan
4
*
370
23%
Apr
25
33c
Jan
55c
Apr
8%
8%
83A
140
89%
89'A
89 %
20
84
Jan
90
Jan
94
94
50
93
Apr
95
Mar
•
13%
13%
620
11%
Feb
13% May
1
Gold
Eagie
Golden
5c
-1
19c
Mines Ltd
God's Lake
Goldale Mine
Gold
9%c
1
Mines
4.15
-1
Giant Yellowknife Gold Mines
Glenora
1
—
Mining
Goodfish Mining
8% Feb
Mines
Grandora
Preferred
9c
11c
2%c
23Ac
2.500
Saddlery
"
9%c
93Ac
4
69
46%
Ltd
„
19%c
•
Nipissing
Nordon
Mines
Hallnor
Hamilton Bridge
Apr
Cotton
Theatres
Harding
22 %c
North
Star
Gold
Mines
Hasaga Mines
Oil
Pacific
Oil
18%
50
13%
14%
1,165
Apr
13% May
20
14
175
175
175
10
1.24
1.01
1.29
192,600
Page
1,;
Pandora
Cadillac
Partanen
Gold
15c
5c
Jan
10c
6%
Power
East
Dome
Apr
%uemont
Russell
7 %
Jan
Roche Long Lac
Bank
of
Hunts
Limited
Huron
&
class
Erie
A
Industries
Mar
Mar
16
Jan
St.
100
Jan
120
May
5
5
100
4,855
30c
3,125
Apr
4%c Jan
Apr
Jan
Jan
11'Ac Feb
Mar
3.30
26c
14 %
„
—.100
—
28%
28%
29
14 %
810
50
6
9c
Feb
1.29
11%
'
-A
Jarf
Apr
13c
12%
Mar
——.6
1
3.70 Mar
33c
Jan
26% Mar
30'/2
11
14% May
Mar
Jan
72
Jan
79% Mar
14
161
Jan
169% Mar
11%
Coal
Coke
&
35c
—
—.
International
7%
57c
8'A
59c
1
Inglis (John) Co—
—;
Inspiration Min Si Devel
35c
Preferred
A
A
18 %
*
100
——————
preferred
Sand
International
Nickel
common
Petroleum——
..."
4,266
12%
Apr
14%
645
10%
Jan
Waite
Mining
7
Apr
7%
Jan
Feb
490
6%
7,900
54 %c
Feb
61c
Jan
30c
Mar
35c
May
500
Jan
Silverwoods
Jacola
Mines
Jason
Mines
Siscoe
Sladen
8% May
Standard
Jellicoe
Mines
Consol
Gold
Gold
Jan
* Jan
103
Feb
103
Kirkland
Hudson
Kirkland
Lake
31
Jan
Sud
23
Jan
29
2,518
20%
3,456
28
19%
Apr
Apr
Lake
Lake
Shore
Gold
Lamaque
Mines
Mines
Laura
20% Mar
40c
38c
40c
5,800
95c
95c
1.01
7,650
14c
15c
3,600
__
1
1.75
1.61
1.78
5,300
.1
1.18
1.16
1.46
45,200
16 %
16%
16 %
760
6.00
6.00
550
14
14%
75
12%c
12%c
14c
17,700
11
14
14
250
3c
4c
10,500
1.06
14
1.08
Sturgeon
Gold
River
Class
Macassa
B
A
:
•
_I
MacLeod-Cocxsnutt Gold Mines—...11
Madsen
Red
Lake
Malartic Gold
Gold
Toronto
General
Transcontinental Resources
30c
Apr
90c
Jan
10%c Jan
50c
1.17
15c
6%
Jan
8% Mar
2.32
Jan
2.80 Mar
97C
94c
97c
13,469
75c
Jan
1.25
Jan
36c
33c
40c
44,020
ll%c
Jan
64c
Jan
7%c
8c
2,500
11c
Jan
7c
Apr
134%
142% Mar
138
138
12
20%
20%
20%
765
20
Jan
21%
25%
25
25%
110
19%
Jan
26% Mar
2%C
Jan
Feb
2%c May
2,800
.
13
Apr
5c
15
Jan
Feb
3.50
Jan
3.95
Feb
5c
Mar
7c
Feb
39c
34c
Mar
14
14'A
340
13 'A May
1.00
1.00
400
98c
71c
69%c
72c
26,965
10%
10%
700
10%
10%
10%
12
10
Apr
12
16
1,855
12
May
108
108
40
45c
47c
8,400
62c
32,000
14
'
—
65c
Jan
Mar
50c
16
1.08
79c
Jan
Jan
Feb
Jan
14
108
60 %c
*
57c
8.75
105%
42c
Feb
Jan
Feb
52c
Apr
3%c May
3%c
1.36
3%
4c
5,500
1.08
1.37
57.025
22%
125
3%
3%
90
2%
Jan
12%
.
55c
11% Mar
11
Mar
19
Apr
110
Mar
66c
Jan
77c
Jan
5c
Mar
Jan
1.37 May
19
Feb
22% May
4%
Apr
175
10%
Jan
13
180
61
Jan
65
Feb
70
70
70
180
68%
Jan
72
Mar
2.64
2.56
2.71
164,480
2.04
Jan
2.71 May
15c
18c
3,000
2.45
2.45
2.45
100
15c
20c
Apr
1.11
1.61
Canadian
Jan
Trusts
Feb
.
3,000 v
3,500
4%c
Jan
1.74
11,250
1.60
Jan
1.84
Apr
2.47
H'
Jan
2.15
2.20
1,375
1.96
3.45
2,990
3.20
1.25
1.25
600
1.05
Feb
*
9%
9%
450
8%
Jan
11
Jan
52%
52%
15
52'A
Apr
53
Apr
99%,
99%
99%
16C
17c
2.050
15c
Mar
50c
49 %C
54c
31,200
40c
Mar
7%
7%
985
6%
25%
25'A
30
24%
Apr
12
Jan
16
1
*
—
'
Apr
3.30
——100
Co
Union Gas Co
United
—*
-i
class A
Corp
{
Jan
1.46
Apr
United Steel
14%
Jan
17%
Jan
Upper Canada Mines Ltd
Apr
6.45
Jan
Mar
Jan
15c
10
85
Apr
Jan
3.85
1.25
100
Jan
Apr
Apr
19%c Jan
54c
May
Jan
14%
Feb
2c
Jan
6%c
Jan
class
Jan
Feb
14
14%
155
34%
20
32 %
Jan
38
Feb
4
4
280
3%
Feb
5
Apr
"
1
—1
2.50
2.40
2.50
19,765
1.96
Ventures, Ltd.
*
7.30
7.15
7.40
8,241
6.00
Vermilata
1
10 %C
9%c
13c
98,200
5.20
4.95
5.30
16,003
59
59%
195
57%
21
120
20% Mar
24 %C 24 %c
12,817
Oils
8'A Mar
27 %
34%
14%
—50
A
Jan
Jan
2.55
Jan
7.40 May
9%c Apr
19c
Apr
!
Jan
Apr
13%
Fuel
7%
*
*
80c
16
7c
1.65
50
;
Exploration Co_^
United
May
7% Mar
5%c
1.70
i
preferred
Apr
6c
May
5
1.94
14
2.45
1
1
Oil
May
5.90
May
2.05 Mar
Jan
May
1.03
1.27
Jan
95c
1.09
20,050
Jan
1.24
Jan
24%
243A
100
21%
Feb
25%
Waite-Amulet
Mines,
24
24'A
90
22%
Jan
24 %
Apr
3.65
3.60
3.70
2,825
3.40
Jan
3."5
Feb
2.25
2.15
Preferred
Ltd
Worts
&
com.—•
*
—
21
21
4.50
Jan
Feb
!
5.30 May
63
t
Mar
21% Mar
.
j
,
j
Apr
90c
Apr
2.28
2,925
2.15
Apr
2.55
Jan
1.81
1.90
10,750
1.60
Jan
2.04
3.95
65,850
3.35
Jan
2c
2c
2%c
3,000
1%C Mar
3.95 May
3c
Jan
12
12
12
115
10
15
Feb
23c
Apr
26c
Western Canada Flour preferred—100
83
85
30
75
Jan
94 % Mar
*
86
93
25
79%
Jan
93
121 %
Jan
126
Wendigo
Gold
—1
Mines
24 %C
!!
I
Western
Grocers
Westerns
Ltd
common
:—
—
126
16%
126
5
16%
16%
240
15
Jan
105% 105%
100
*
common
10
104
Feb
16%
Acr
L
,
\
May
Feb
it
Feb
3.55
_*
*,
10
.
page
.
?%
5%
6
880
14%
14%
'<0
*
9
1
83A
14 %
common
see
365
5,150
1
Jan
1.85
Preferred
For footnotes
8
2.55
1
Feb
4c
10
3.85
Preferred
Milling
7%
2.45
64
Mines—
Elevator
...1
...
Leaf Gardens common
Leaf
Jan
7%
1
Preferred
——
7%
5%
13
Jan
Jan
Apr
Feb
10
Feb
Wood
Feb
100
1
Wiltsey-Coghlan Mines
Winnipeg Electric common
•
17c
20c
376,000
6
17 %c
6%
373
Jan
6
Apr
107
20c
7%
100
Alexander & James
66
66
45
60%
Jan
69%
93
93
50
90
Feb
95
3.10
3.10
3.15
4,422
Jan
Wright-Hargreaves Mines
Ymir Yankee Girl Gold
•
7
*
3%C
3%c
3%c
2,500
15
Jan
York
•
7
7
40
Knitting
4c
1st pfd—100
Preferred
Maple
1.09
63%
Mines
Cons
Toronto
Mines——11
Fieldsl
Manitoba & Eastern Mines
Maple
Mar
:
Contact
Preferred
Ltd..:
Jan
89c
2.49
*
Jan
1.01
.—J...
Mines,
Feb
7%
12%
Mines
7%c
24
class
Groceterias
1.64
May
64
Tip Top Tailors common
243A
Little Long Lac Gold Mines Ltd——•
Lohlaw
Feb
Feb
6
12%
Sudbury Basin
Texas
Jan
Leitch Gold Mines, Ltd
1.73
*
—
Feb
Jan
..
3,450
Feb
Jan
•
——
Jan
9.05
—.__3
98c
Jan
^,—25
common
40c
l%c
...—1
95C
Jan
2.26
——*
—
Canada
Walker-Gooderham
Mines
1.24
155
1.84
22%
6'Ac
6,000
;—___1
Secord Candy..
Oro
4,400
6
*
Apr
3,075
14%
Lebel
K43
6
Co
Jan
3c
_i
1.32
*6
1.15
Jan
1.26
•
3c
9.30
Cadillac Gold Mines.
5,100
1
——;
23c
9.15
Lang & Sons..—__
Lapa
1.48
1
Teck-Hughes Gold Mines
2%c
__
1.40
*
Sylvanite Gold Mines. Ltd,
3c
'
1.48
Apr
1,425
1
J
May
9.30
_*
2,440
—_,,*
common
B
May
3%c Apr
Gold Mines..
Feb
10c
2.47
5,500
1
—
class
14c
9,000
1
Ltd—
Jan
83c
90c
2.10
2.25
*
Mines
27
6c
26%
.1
Mines,
Jan
Jan
2.05
14,700
Feb
5c
Dufault.Mines Ltd—
Jan
7 %c
2.15
36c 39%c
Jan
5'Ac
& Exploration
Jan
Mar
43c
2.07
50c
;
Class B
Labrador Mining
87c
1.07
1.45
6c May
3%c Jan
2.15
—1
Mines
5c
1,000
—_1
...
87c
4%c Mar
99
28c
5,292
13,000
22%
2,700
Bay Mines..
6,500
38,516
100
of
Sullivan
28%
193A
31c
—
6c
7c
Petroleum
Towagmac
Kirkland Townsite
Jan
Jan
14% May
Mar
33Ac
Mines..
M.
8 %C
33c 36%c
6%c
Dairies
Preferred
97% May
1
Mines
Kerr-Addison
J.
6c
5%c
7C
Paving common,
Co
99
—<
_1
6c
6c
36c
May
1.15 Mar
2,400
1
Mining
Preferred
Steel
15
30c
;
,
1.27
200
Chemical
Standard
68
3%c
__
1.25
Jan
Jan
94
3,000
Malartic
End
105
15,000
.1
1.27
3.65
Springer Sturgeon
1,340
27
—.
68c
20
3%c
Gold
Gold
19
12c
—1
-
3o
10,200
94
13%
Preferred
100
14c
1
4,900
90c
94
3.60
Mines
Sigma
100
10c
263A
—*
4c
86c
94
2%c
Sherritt-Gordon
99
240
Co—
1.95, Apr
70c
53c
12% Mar
200
—_1
International Utilities class A
Jack
20%
3%c
87c
13%
Creek
97%
283A
—•
International
Apr
14% May
3'Ac
3.60
River
18 %
—
100
..100
Jan
50c
25 %c Mar
1
Steep Rock Iron Mines
International Metals common
»
Jan
12
7..
8%
59c
25
50
Shawinigan Water & Power,,—.
77
7
14%
1
class A,
Senator Rouyn, Ltd
168
13%
,
14%
Gold
Antonio
Feb
11%
13%
£ X
,
6,000
1.37
2,300
30c
Gold Mines Ltd
Lawrence Corp
San
South
Preferred.
5,820
55c
29c
5% Mar
10
Feb
75
—
1.80
52c
Jan
Jan
5%
75c
168
12%
—
Bank of Canada
100
Imperial Oil ....—
_*
Imperial (Tobacco of Canada ordinary_5
Imperial
1.71
4%
*
St Anthony Gold Mines
15
20
3.40
150
30c
—,-100
common
100
3.35
5%
Jan
490
" 28 %c
Feb
5%
52c
——1
120
29c
Jan
69c
1
—
Canada
5'A
3.35
*
A
—
15%
11
87c
Apr
*
5
365
Mar
X 45c
1
110
113A
Apr
68c
500
1
Mining Co
15%
11%
17c
8,050
Jan
3.85
2,000
Jan
70c
1
com
Queenston Gold Mines
Ayr
20c
5%c Mar
12c 12%c
Apr
Feb
50c
1
Mines
47
Apr
43A
Feb
2.80
56%
11 %c
—
*
105
Jan
85c
4%c
1.29 May
68c
1.43
Corp
Apr
4lc
Jan
Jan
Mar
50c
1
Preston
2.75
4,900
34,300
Jan
Jan
Feb
180
68c
1
Rouyn Gold
Voting trust
Jan
2"%c
2,610
Bay Mining & Smelting—.—•
Mar
15%
Mar
100
30,520
15 %C 16 %C
1.89
X
Mar
40,000
95c
4'Ac
300
_l
C
Powell
Simpsons Ltd
Hudson
2.00 Mar
50c
1
—
Royalite Oil Co—
6%c
56c
48%
3,500
1
Mines
Mines of B
9%cMar
5%c
50c
1,645
9c
1
Mines
Mines—
Gold
Gold
5'Ac Mar
85%c
15%c
2.15
55%
•
Ltd
Mines
Gold
24
Apr
Jan
5
Jan
*
Gold
Feb
17c
59 %c
*
Premier Gold Mining Co
Pressed Metals of America
5c
*
53 % Mar
Jan
5%c Feb
20'A
Jan
54
1.75
*
Mines
Malartic
Pickle-Crow
Jan
May
Porcupine
Pioneer
Jan
4
.
160
2.15
*
Perron
56'A
Apr
18
8%c
55
l
Refining
Hersey Tubes
Apr
3.20
—1
46%»Jan
12
&
3,000
6c
—
Feb
Jan
—
7c
88c
Gold Mines
Howey
22'A
9%
—
Pacalta Oils
Sheep
Home
Apr
650
-5
Jan
3.20
11%
18%
1
Steel
Mar
4V4C
*
5
Feb
957
11
Mines
6% Jan
56c
Highwood-Scarcee Oils
—'.
Hollinger Consolidated Gold Mines
Feb
47c
■0
Gold
300
—1
1
,—
83 %
1
Omega
63A
„
Jan
Jan
Mar
10%
1
6,200
——1
—
l&.ines———
Gold
Harker
*/
74%
36c
11
5
36
120
10
*
Oil preferred-
7c
21 %c
7c
—
100
Carpet
Rock
Hard
preferred.
80
Feb
•
105
5%
*
—
—
May
2.15
1.65
Paymaster Cons Mines Ltd
4%c
*
common
Hamilton
Hamilton
Mar
54c
109
—
5
__
8
Jan
18%
Apr
7c
1
——
Jan
1.80 Mar
410
Norgold Mines
Royal
Mines———1
Halliwell Gold Mines——.L,—
1
Swayze
Halcrow
6
19 %c
52
Mines
85
6%
1,000
1.90
common
Oil
47
—
Jan
51
Negus Mines
105
105
19%c 19%c
„
1
8c
90
6%c Feb
100
21
Feb
4.30
12%c Mar
3'Ac
1,500
4
20%
Jan
84%
3,000
4
—
Apr
24c
9% Mar
52 % Mar
108
4Vac
l%c
50
53
20%
preferred——50
Alabastine
&
Lime
Gypsum
87
33Ac
—100
Mines
Gold
Gunnar
87
523A
„
53
Jan
7 %c Mar
53,500
__
Jan
23Ac
2,200
—*
Trust
15c
10,700
5c
—*
VTC
VTC
West
Great
Guaranty
21c
5c
Jan
16%c May
16,150
19c
1
.
Lakes Paper common
Gr
5c
3%c Feb
10,000 '
10%c
50
Gold Mines—
Bousquet
16%c 18%c
__
Goodyear Tire & Rubber common—*
Graham
13,000
6%c
1
-
1.99 Mar
27,285
5c
1
Co
Preferred
4.25
9%cl0%c
17c
——
Mines
Gate
3.80
Apr
25c
1.90
Pipe A
Pamour
Gillies Lake-Porcupine Gold—
Jan
55c
51
Jan
46,700
12%
Jan
1.56
1.90
—
Feb
24
3%
•
General Steel Wares
462,400
19%
*
55c
„
130
54c
1.85
19
19%
•
—.—100
—-A--.—-100
common——
preferred —
preferred
5%'A
Mar
61
•
Ltd
Trust
Ontario
Gatineau
7%
46c
11,250
Jan
49c
3%
50c
7%
1.81
41c
Jan
233A
-
__
__
Mines.
Feb
Mar
7c
May
4
33A
6c
7%
Mar
8%
106
,1
Sewer
Apr
32%
6%c
15c
80
—
Co
8
2,825
1
Aircraft—
Ford
Mining—^—
10,000
Jan
Jan
.—100
Grocers
50
3.45
-
16c 17 %c
*
Muirheads Cafeterias common
15% Mar
3.25
.s——100
...
16c
38%c2May
Jan
9%
21% May
28 %c May
Apr
3.40
1
-*
Grain- common———
preferred
7c
40c
& Power,.
Noranda Mines
Falconbridge Nickel Mines
34,706
33,600
1
Light Heat
34
'
42c
22c
—100
Moore
13
8
4
38 %c
17 %C
52c
National Steel Car
50
34
1.35 Mar
39c
Gas__
Porcupine
National
13%
__
&
Monarch Knitting preferred
Moneta
Jan
13%
—*
B
55'% Mar
2,200
19c
*
Jan
1.66
20,350
8
200
>
»
Mining Corp
2.00
1.90
*
Apr
High
8c
Jan
12 %c
8%c Apr
5,000
1.72
common_r*
Easy Washing Machine..—;
English
1.85
1.40
Apr
Mar
5c
1
Mines
Jan
9c
„
i
Eastern-Malartic Mines
57
1.36
6%
102
.1
Mines
Gold
National
East
57
1.38
98
♦
Graham
McWatters
*
Mercury Mills
Dominion
Dominion
low
5 %c
5
2,200
Corp—Seagrams common——*
Dome Mines
*
Range since January 1
Hiah
8%
McKenzie
Jan
3c
Distillers
Shares
5 'Ac
23% Mar
89c
;
__
for Week
8%
*
18c
Jan
3c
89c
—1
—
Sales
Range
Low
—1
common
McDougall Segur Exploration-!
Mclntyre Porcupine Mines—
134.%
„—100
;
Week's
of Prices
Jan
15%
1 89c
——1
—.w,
Denison Nickel Mines
Par
25c
30c
5
Smelting
Sale Price
High
21c
__
30c
—*
—
&
(Toronto)
Low
...
•
Consolidated
Last
STOCKS—
Range Since January 1
High
*
—
Mines—
Consumers Gas
Shares
22c
24'/2c
*
—
5
for Week
Low
1
Commoil Ltd
MAY
Friday
Range
Sale Price
ENDING
Sales
Week's
of Prices
Last
STOCKS—
MARKETS
LISTED
FOR WEEK
1895
Mills
common
2.95
Jan
3%c Mar
6%
Jan
Mar
,
May
r(
!
Jan
Apr
Mar
3.50 Jan
4%c
j
:'
,
-j
Feb
7'A Mar
:
1895.
2k
THE COMMERCIAL &
1894
LISTED MARKETS
CANADIAN
FOR WEEK ENDING MAY
RANGE
Monday, May 8, 1944
FINANCIAL CHRONICLE
5
Canadian
Last
,
*
*
1
—"
Vinegars
Canadian Marconi Co
Westinghouse
Canadian
Consolidated
*,
Corp-
Paper
—
51
57A
*
common—*
Dominion Bridge Co———
*
Foothills Oil & Gas
*
Fraser Co common
———*
__
27
1.23
<
—
22
International Paper common—
preferred
Langely's
100
,—
Metals
Mines &
Oreille
Thayers 1st
Brewery
4c
25c
1.40
33c
1.40
27%
3%
28
3%
5 %
6%
Jan
1.45
15% May
49c
3%c Feb
15c Jan
1.31 Apr
Jan
1.72 Feb
3%
Southern
Canada
of
•
Co.
Last
Par
Agnew-Surpass Shoe
9
Ltd
Aluminium
Asbestos
Breweries
A
Bathurst Power & Paper class
Brit
B
Class
—
,
Mills—
Silk
Bruck
Corp A
Power
Canada Cement common—
Preferred
_———
preferred
20%
20
5 %
7%
Preferred
Preferred
_—
New
Celanese
Canadian
7%
Preferred
—
Glass
Consumers
Cork
Dominion
Coal
Dominion
Dairies
Jan
32%
25
106
5
8%
125
25%
615
T90
10
.
Jan
May
36 4
142
Jan
May
v
Apr
Mar
'•
Jan
Feb
3,205
27
Jan
10%
30
•
24%
5%
1
10%
Jan
11%
Jan
39 %
110
12%
12%
39
Jan
29%
215
27%
Jan
25
29%
Feb
33
30
33%
Feb
225
Preferred
:'
-
——
Glass
.
——100
common—
23%
Jan
28% Mar
13
Jan
14
464
4
% Mar
17%
Preferred
17%
120
120
125
100
-
Dominion
Steel & Coal B
Dominion
Stores
Fleet
Jan
Jan
18% Mar
120
May
Mar
163
7
7'/8
.
*
Dominion Tar & Chemical common
Feb
150
5% Mar
*
7'A
874
7
Apr
8%
Jan
9%
25
Ltd
Apr
116
20-;
160
160
17%
51
120
9%
5
9
Jan
10%
Feb
9%
——
330
9'/2
8
Jan
104
Apr
Mar
10
'
—
■;
General Steel
Wares
common
Mining
Bay
Imperial Oil Ltd
Imperial Tobacco
Can
common
Preferred
Industrial
—
Power
Co
(C
;
3,690
335
14%
Apr
8%
Jan
85
Jan
11% Mar
108%
Companies, Limited..
Fraser
International Utilities class
Jan
Jan
6%
7% Mar
Mitchell
Telegraph
Montreal
Breweries
_
National
Southern Canada Power
Car
62
106% Mar
28%
160
26% Mar
30%
Jan
13%,
13%
1,885
12%
Apr
14%
Jan
Windsor
11%
11%
1,815
1§%
Jan
12%
Feb
12%
Jan
13%
16%
Feb
Jan
'
7
7
15%
Ottawa
Car
Ottawa
Electric
For
Products
common
24
Jan
Aldermac Copper Corp
Apr
31
Jan
Arno
14%
Apr
18
% Mar
76
Jan
83
Apr
Ltd ...—*————
Bouscadillac Gold Mines Ltd—
Central Cadillac Gold Mines Ltd
19%
20
22%
Jan
Dome
Feb
East
80
1,435
..
19%
Apr
5
20
Jan
10
■
106
Mar
22%
27%
113
.Mar
Aircraft
Mines
see
Gold Mines Ltd
Rock Gold Mines Ltd_^_
26
Feb
Hard
140
Apr
Apr
65
65
30
65
Inspiration Min & Dev Co Ltd
Joliet-Quebec Mines Ltd—
Kirkland Gold Rand Ltd—-—-
340
8
Jan
8%
65
Apr
Jan
8%
8%
7
-
7
:
8%
7%
120
6%
Feb
9%
Jan
Apr
8%
Jan
21
20
21
741
16
Jan
21
May
78
78
78
2
72
Jan
78
1805.
May
135-\ Jan .'j
May
Jan
Jan
Jan
240
Mar
142
Range since January 1
Low
High
„
2%
1.284
33
70
1,97c
40
203
1
625
130
170
2
60c
5%
5%
50
52
3
5%
26
32
3%
3%
7%
2%
3%
23%
;
8
20%
26
__
—
.
—
28
„
26
32
2%*.,.
3%
23%
22
27%
20"%
.
1,647
195
65
21
400
85
105
8%
25c
105
8%
25c
10
125
10
1.50
28
52
39>
1.50
28
52
39 »•
5
•
5
5
2
23
10
105 % 105%
17c
23c
26
28
19
19
19
19
13% 13%
3%
3%
58%
59
20%' 21 %
4%
4%
11
34,672
195
16c
18c
2%c 2%c
8c
8c
6,050
4,500
40
5
40
516
70
180
5
Jan
36
Jan
Jan
71
Mar
6
Apr
10%
Jan
7
May
8%
Apr
21
Feb
22%
Jan
23
Jan
2 5'A
Apr
104%Jan
107
Feb
20
Jkn
21
Apr
43 %
Jan
45% Mar
90
Jan
99
Jan
113
May
113
May
110
Jan
110%
Feb
145% May
156
Jan
170
174
Mar
1.85
Jan
60c
Jan
5% May
Jan
2% Mar
70c
Mar
*
7
Jan
7
Jan
5
Jan
40
Jan
67'% Mar
47%
Jan
52
2%
300
2,986
70
300
20
1,390
175
150
325
5%
21
23
22c
6
3%
Apr
60
10
"
Apr
27
640
131
10
31
5
92
29
300
212
33
50
10
90
Jan
130
—
__
3%'
__
20%,
Lake
Mines
Shore
——
Ltd—•_*'
Mines
Goldfields
Malartic
-*.
*
1
18c
,
1
:
———
,
■
—
—
6c
1
1
1
A
1
-1
'
A *
*
26%
—
—
_i.
—
9%c
—
—
-—
.
6c
26%
26 %
1.90
55c
• 88c
1.85
55c
85c
52c 52c
9%c 10%c
8c 9%c
1-B0 1.80
16% 16%
3.55 3.90
70c
70c
1,400
2,500
105
2,300
100
500
25
28,460
4,000
500
50
2,900
500
May
—*
paae
—
*
-1
_*
-il
Ltd —.—
Mines Ltd
Malartic
Francoeur
Jan
*
Rwys
footnotes
Ltd
Mines
Jan
*
J234
137
Jan
Feb
3%
Feb
5%
Jan
6%
Jan
24'%
Jan
29%
Apr
Jan
32
Mar
28%
3%
Feb
4
7'A
Apr
9% Mar
2% May
Apr
Feb
3'A
Jan
4
3%
Jan
23%
Apr
24% Jan
20
Jan
23'% Mar
Feb
27% May
20
18
-
Jan
■
5% May
21% Mar
.6% Mar
21
Jan
19%
Jan
103'%
Jan
105% Mar
Jan
8'% Mar
7'A
25c
Jan
1.25
Jan
Feb
32
Apr
Jan
53
Apr
46'%
Feb
39
Apr
May
23
May
35%
23
104%
17c
Feb
1.00
1.55
May
28
Jan
May
Jan
21
105% Mar
30c
Mar
28
May
17
Apr
19
May
19
May
19
May
13
Apr
15
MM.
19%
MM
MM
128% 130
19'A
19%
36
36
20%
20%
34
34%
40%
40%
42
14%
13%
14%
20
54'A
34%
55%
MM
MM
W —
MM
MM
26
165
180
126%
Mar
18%
Apr
22
Jan
25
35
Jan
36
May
70
20 %
Apr
33
Jan
3,773
535
24
Jan
35
Mar
43
Jan
1.045
40 % May
2,105
13%
Jan
15% Jan
20
100
15%
Jan
22
55%
600
48 %
Jan
56%
26%
185
165
30
13%
13%
4%
4%
1,025
25%
25%
25
45,
23%
161
Feb
Feb
13%
Jan
4%
Feb
24
Feb
Mar
Apr
1.75
Jan
57%
Feb
20%
4
Jan
Apr
Feb
3% Mar
63
21%
4%
Mar
Feb
Apr
Mines—
Jan
Mar
515
17
107% 107%
Feb
7
21
8
ioo
Steel
,
—
23
•
common
Preferred
„
"
—
28
79%
22%
—-
7%
Hotel
1
300
21%
29
79%
'
108% May
816
7'A
21%
28%
—
•28%
—
6% Mar
11% Mar
260
108% 108%
*
Ontario
__
•
—
135
»
Jan
Feb
5%
210
15%
Class-B
5
Noranda Mines Ltd
Ogilvie Flour Mills
High
2%
5%
*-
100
6% pfd
15
Niagara Wire Weaving
Apr
Sales
20%
(if as and when).—*
Thrift Stores Ltd common
>*
United
Amusement Corp Ltd A—*
10
•
Corp
>
23%.
22
27%
Southmount Inv
8
25
Steel
7%
2%
-
24
•
common
Preferred
„
*
pfd—50
140
40
100
28%
133
Shares
170
1.95
60c
5%
5%
50
52
5%\
26
32
pfd.—
8
*
Tramways
National
'
Jan
for Week
110
145 % 146
$3
24
100
Preferred
Montreal Lt Ht & Pr Cons
Apr
Funds
3%
*
—•
28%
225
12
15
.
*
Montreal
187
Week's
'
100
100
Melchers Distilleries Ltd preferred—10
Montreal Island Power Co
*
Montreal Refrig & Storage vtc com..*
140
*
-43-
of Prices
__
13
5%
12
J.
100
(Robert)
Montreal Cottons
Jan
22
135
__
—:—*
A——*
—.*
Maple Leaf Milling Ltd common
Massey-Harris Co Ltd 5% pfd-i,
McColl-Frontenac Oil 6%
pfd
Labrador
McColl-Frontenac Oil
120
155
HJL
28%
5%
—
*
•
Apr
Apr
Feb
147% May
146
——*
United Corporations class A———*
Walkerville Brewery Limited..
-*
Walker-Gooderham & Worts common.*
$1 cumulative preferred
-*.'
;—100
Massey-Harris
100
Jan
7% Mar
69%
117
149
238*T
no
—.—-*
5
*
r*
*
...
__
__
Paper Co.
Power &
MacLaren
13% May
110
80
£1
Ltd. A
Quebec Pulp & Paper
6'/2
•
5
—
Ltd
Aircraft
Ford Motor of Canada
Apr
9%
Jan
Apr
Square
Jan
Jan
16
90
6%
:„*■
common
—
22
__
-*
_•
*
Works Ltd
Oilcloth & Linoleum
100
—
Preferred
13%
3
2
"H 22 - 22
24% 24%
105 105%
20% 20%
45% 45 %
97
99
>113
113
_J
•.
—
Ltd
preferred
——.
Moore Corporation Ltd
Power Corp 6% N C part 2nd
Jan
8
*
Woods common
W)
100
8 %
7% Mar
100
Preferred
Lindsay
Ltd
common.—.
—
Lake of the
105
8'A
6% May
30
100
Preferred
15%
90
109% 110
15
Paper common..
Preferred
International Petroleum
214
7%
Acceptance Corp common—*
of Canada com„•
International
7%
7%
International Nickel
International
May
12%
*
of
Feb
157
8%
100
Preferred
Hudson
74
Feb
89
•
5
*
Bridge
Paper
Apr
156
•
Hollinger Gold Mines
Smith
68
83
*
common
Lime & Alabastine
Howard
460
15%
—
100
(Charles)
Hamilton
15%
•
common
Preferred
Gypsum.
*
100
preferred
Apr
10
68
157
6%
•
Gatineau Power common
Gurd
—w
•
Dryden Paper
Foundation Co of Canada.—
105%
105
b8
157
105
—*
—100
Preferred
5 %
'
100
Preferred
Dominion Textile common
.
2%
24%
100
*
common
Corp
Corp
Donnacona Paper Co Ltd.
Fairchild Aircraft Ltd
41% Mar
130
Paper
Dominion Engineering
Dominion
-
Dominion
45
67
100
Jan
62
Feb
18%
130% May
*
common
Alcohols Ltd
Consolidated
Mar
78
0
452
8
8
,77
pfd—100
Power
Vickers Ltd
Dominion
13%
Mar
125
6%
Apr
52
144
preferred
Commercial
29% Apr
32%
27
6
17%
69
*
Ltd—
7%
Malting Co
preferred
—_
Canadian Westinghouse Co Ltd
42% Mar
* •/«
Mar
Range
*
ctfs.
7%
Mar
125
13%
Jan
17
Feb
440
27
50
3114
—
Aor
48
32%
25
Feb
3%
25
95
137
131%
__
Power Co Ltd 6% pfd—100
Dominion Sugar Co
•
Canadian
Apr
29%
common——
May
4%
27%
———
Apr
6%
*
common
100
Canadian Marconi Co
~A
Canadian Power & Paper Inv Ltd com.*
5% preferred
1
*
33% Mar
12
39
Feb
9
4
137% 138
&
Northern
7%
125% Mar
40%
39
12
Jan
51
Low
pfd
100
Canada Wire & Cable 6%%
pfd__100
Canadian Industries Ltd class B_—*
Jan
11%
V '
Jan
7%
25
Friday
.
Canada Starch Co.7%
Apr
147
40'A
«»*.
.
Oil
Canada
Feb
110
42
10 %
65
Sale Price
Corp
Power
Canada
Jan
Feb
123
10%
Canada
Feb
10
36
41%
34%
28
25
10%
2
55
9
137
130%
147%
234
Distillers of Vancouver.—.5
&
Calgary
Mar
45
Apr
50
155
•
.107
Jan
33
5%
11%
28 %
138
Co Ltd.——-*
British Columbia Packers Ltd—:
*
Jan
8
125
5%
71% Mar
21%
—.100
—i—100
American
British
8% Mar
25
•
110
42
•
•
preferred
41
35
•
& Paper
Power
Brewers
Feb
35
Jan
33
5%
12%
Apr
Jan
5%
110
•
Dominion Bridge
9%
125
.
'v
preferred
preferred
Beauharnois
Jan
31%
34
7%
% May
55
8'A
110
*
Distillers Seagrams common—a
9
9
Jan
196
43
6%
10% May
9 % May
7%
5,485
.
65
Jan
28%
Par
Jan
108
10% May
600
37
Feb
69
21%
—
STOCKS—
Abltibi
103% May
142
63
10
18'A
Last
Jan
34%
142
ft
.
7%
20
36%
Co__
Seal
&
Jan
25%
—*
Investment com—
Canadian Ind Alcohol common———*
Canadian Locomotive
———*
Canadian Pacific Railway
25
Cockshutt Plow
———*
Crown
6%
106
80
70'
65%
Canadian
1
Apr
20
34
••
—.
——100
Mining & Smelting
16%
360
7%
Feb
Jan
9%
63%
100
—
25
17% Mar
Jan
116
106
'
—.
Canadian Foreign
Consolidated
Jan
15%
9%
42
,#»•»
-
-100
—.——100
Preferred
15%
10%
11
6%
__
Jan
365
10%
7%
Cottons common—
Canadian
•
Apr
9%
Jan
45
4
•
10D
———100 '
—
,
3%
4,100
8%
Apr
Montreal Curb Market
8% Mar
10%
;
common—
—
Jan
34'A
'
...—————.—25
Preferred
8
9%
—•
& Foundry common
Canadian Car
100
8
—
—
——
-
Jan
8
10%
•
*
—%
—-100
Canadian Bronze common
24
Apr
May
7%
14
17%
Feb
2
16%
Jan
11%
6%-
'
24%
20
103% 105
8
Scotia
Feb
156
Jan
525
7
103'%
—50
:
common.
Jan
21%
278
16
—
Apr
2
16
—;
—
16% Mar
20'A
15%
———*
Steamship common
•
preferred
23%
8
-
Apr
11
Feb
Jan
2
•
140
Mar
22%
151% Mar
121
1,003
2
16
128
Apr
Feb
45
1,011
Jan
49
13%
760
22%
——_—————-
Canadian Breweries
14%
Jan
13%
47
14
Jan
100
21%
25
153%
Jan
Jan
18 7A May
1,280
22
Canada Northern P.ower
Canada
96%
47
53
23
98%
Jan
88
36
153
Canada Iron Foundries new common.
New
Royal
325
19%
Apr
53
Apr
98
14%
14 7A
—*
100
:
Jan
98
91
18%
•
—-—5
——
Nova
10%
Jan
49
23
Building Products class A———*
Bulolo
Apr
Jan
22%
*
:—*
*
*
Traction Lt & Pwr——
Col
19%
—-
Co of Canada——100
Telephone
Brazilian
Jan
9
89
98
'
\
*
•
—
13%
5
10
49
98
*
Corp
Associated
Bell
_100
—50
preferred-.
16
Montreal
170
98
90
—-——
of Can pfd——
Co
Anglo Canadian Telep
Apr
46
9
—.—100 '
— ;
100 .131
100
__
100
—
.
Commerce
High
Low
9%
98
33
70
100.
—*
—
Canadienne
Range sine* January 1
Shares
16
9
100
Apr
Banks—
High
16
*
—
i
Preferred
Aluminum
Low
common—
Steel com
Algoma
of Prices
'
9%
9
*
——
for Week
Range
Sale Price
Jan
32
51
—
common
15%
1
63%
*
Preferred
Sales
.1,
.
—
———.—-100
Ltd
Zellers
Canadian Funds
Apr
32
10
——.1—
preferred
i
159
9%
1
—*
....
Mfg
13
14
;
Preferred
Woods
250
14
—-—:—25
Ltd.
3% Jan
640
139% 140
140
14
Rapid Transit common.—.*
Cotton
Feb
2% Mar
2%
13%
13%
*
Power:—.—
Feb
Mar
13%-
47
common—_——*
Canada common.,
Feb
14
23
103
100
10
100
Feb
Jan
21
32
—
,
pfd—.100
Winnipeg Electric common—
Montreal Stock Exchange
12%
Mar
2%
Steel Corp.———,
Wilsils
STOCKS—
98
13%
13%;
Brothers
Twin City
Wabasso
Week's
Jan
100
t •'
—;
—*
Preferred
Tooke
Apr
United
Friday
24% Mar
98
.—*
common
& Sons
(H)
Steel
'
Mar
29
Mar
1.85 Jan
Jan
93
25
Corp
Jan
Mar
19
145
102
preferred
7%
6
690
12%
A
May
179
6V8
22%
Lawrence
Apr
13
98
12%
Simon
Mar
Jan
133% May
21
6 'A
22%
Sherwin-Williams of Canada
Jan
5c
11%
10
Feb
20%
21 '
50
St Lawrence Flour Mills com.—*
St. Lawrence Paper preferred.—.—100
Shawinigan Water & Power—;
*
May
21
—
130%
11
13
13
10.0
preferred
Class
Feb
22
88
*
St
Mar
29
9
Jan
133%
133
Mar
Jan
86
Knitting Mills preferredz:zr'_25
Saguenay Power preferred
100
May
High
Low
30
86
7
117
7%
7%
86
Regent
Mar
4lc
Range since January 1
Shares
...
Quebec Power
May
150
May
27
Jan
2% Mar
5% Jan
18
Apr
52
31 %c Jan
150
May
24% Jan
1.15 May.
20
Apr
15% Apr
62
566
—
—
-
1.85 Jan
May
26,900
750
-*
9
10
51
5
9,000
-r-
*
—
—
8% Apr
80
400
93
1,595
2,000
100
70
1,715
23
25
30c
1.40
1
preferred
Walkerville
15%
High
Low
18
43/4c
—
*
—A
Osisko Lake Mines
Pend
15%
18
—
Selections
Oil
5%
33e
150
27
1.15
20
■
—
Construction
Steel
Disher
9'A
2.00
52
6
33c
150
27
1.25
22
January 1
5% Jan
195
9
.
—
—
Oil Co
Dalhousie
9
9
1.95
51
—
Range since
Shares
•
High
Low
—_———,—100
Penmans
Ltd
preferred—*
100
Placer Development ————
1
Power Corp of Canada
,
*
Price Bros & Co Ltd common
*
Preferred
High
Low
Par
Canada
of Prices
Sale Price
STOCKS—
Range
of Prices
common,-—100
Ottawa Lt Ht & Power
Sales
for Week
Week's
for Week
Range
<
Par
Funds
Friday
Beath & Son*A
Last
Exchange-Curb Section
Toronto Stock
Sales
Week's
Friday
Sale Price
STOCKS—
Mining
Normetal
Corp
Ltd.—)
—
Ltd
1
Mines Ltd—,_1
A:
^1
Pickle Crow Gold Mines Ltd..——-1
Pioneer Gold Mines of B C_—r
A
Siscoe
Gold Mines Ltd
•(
1
Sladen-Malartic Mines Ltd
1
Sullivan Cons Mines Ltd
1
1.75
-*
•—
O'Brien. Gold Mines
Pandora
Perron
Cadallic Gold
Gold Mines Ltd
Wright Hargreaves
Mines Ltd
—
--
—
2.20
—
—
—.
1.75
7%c
92c
2.10
2.20
46c
61c
1.70
1.77
8'Ac
92c
2.10
2.20
46c
61c
1.70
650
2,700
600
200
100
3.10
3.20
400
33c
33c
3.30 3.35
l-OpO
200
900
800
1,900
15c
Jan
20c
2c
Jan
37Ac Jan
4c
Jan
11c
Feb
2%c
Jan
8c
Mar
26
1.75
38c
Apr
Apr
Jan
85c
May
52c
Mar
3%c
Jan
29%
1.98
55c
1.14
55c
14c
Apr
Jan
Jan
May
Jan
Mar
Jan
9'Ac May
4'Ac
Jan
1.70
Apr
15%
Feb
16% May
Feb
3.90 May
3.40
1.80
Apr
80c
Jan
Jan
1.95
Apr
7c
Jan
10c
Feb
85c
Apr
1.06
Jan
Jan
2.25
Jan
70c
1.38
2.00
2.10
Mar
Apr
2.20
May
42c
Mar
65c
Jan
53c
Apr
61c
May.
1.62
Jan
1.80
Feb
2.95
Feb
3.30
Jan
26% Mar
170
14%
Mar
Feb
5 % Mar
25%
Apr
Oils——
Dalhousie
Home
Oil
'
<
Oil Co Ltd
*
Ltd
*
Co
—
3.30
33c
3.25
May
Jan
37c
Feb
3.65 Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
Volume 159
1895
OVER-THE-COUNTER MARKETS
Quotations for Friday May 5
For
Investing Companies
Bid
Par
Aeronautical Securities.....
AAmerex
1
X3.45
Holding Corp—10
B-4——j——
6%
6%
14.84
X13.80
1
.....
3%
—5
—.10
America——.
Series
Series
S-2
S-3
Series
S-4—
.
106,32
16.77
18.03
X27.79
30.04
1
Ltd—1
14.81
x3.05
16.23
3.60
«...•
27.25
29.31
-—1
9.29
10.06
2,420
Fund Ltd—.;
Fund
Century Shares Trust
Chemical Fund
-
Securities com—100 2,330
Preferred
—ulOO
140
4.68
36%
Trust——1
Consol Investment
Shares——-.1
,
—
-X
D
x4,68
-
17.80
19.24
6.15
1.32
X20.91
12.51
22.46
13.43
29.31
36
X18.27
31.52
37
19.68
1.76
1.94
General Capital Corp.—. X32.71
35.17
Inc——2
Invest
.
Fundamental Trust Shares A—2
———
General Investors
—*
Trust:
X
Building shares—...—
Chemical shares—
Merch
15%
Monarch
52 y4
National Casualty
13l/4
National Fire
58J/4
37 y4
National
American
American of Newark
5.01
American
Re-Insurance.—10
7.38
American
Reserve
7.54
American
Surety..
13.11
34 y4
—2 %
Bankers & Shippers
6
—100
Camden Fire—
2
25
27
5.70
30y2
47 Va
.10
28
..10
' 44%
5
12»/a
13%
2.50
21%
New Hampshire Fire
New York Fire.
.10
17%
42%
19>/4
North
44%
Northeastern
21%
23%
5
5y8
5%
12,50
95
107y2
—
39
4iy4
Northern
Employees Group__
Employers Reinsurance
29 y4
31%
Paoino
Fire.i.—...
—25
x90 y2
102Va
Pacific
Indemnity Co——10
47J/4
49%
10
77%
81%
x9 42
'
;
10.36
x7 70
8.47
x577
....——
6.36
5.79
x6 51
7.17
x5.56
-
...
10.73
xs!25
6.13
•
X2 62
60%
46 y2
10
;
Fire Assn of Phila—
10
57 %
10
82%
86y2
Firemen's
of
Franklin
Newark
144
11%
.__5
Fire..;
Providence-Washington
Reinsurance Corp (NY)
Republic
(Texas)
13
24
26
Revere
48 y2
17V4
20%
42 Vz
45
8%
13.64
14.67
6.45
7.03
3.I8
3.50
6.91
7.60
5.41
5.96
Scudder, Stevens & Clark
Fund, Inc.—i'.
——•
Selected Amer Shares—2%
X89.91
X9.50
19%
Standard Accident—
—
73%
77 Vs
Travelers
x26 Va
27%
US
U S Fire
18 V*
Selected Income. Shares..—.1
5.92
.—:
10
25J/4
27 V*
Fire—
10
95%
100 y4
Hartford Steamboiler Inspect.»10
41
27
—.10
4 76
General bond shares,——...
8.17
8.98
Bovereign Investors
———.1
Spencer Trask Fund——
xl3.93
6.36
7.00
State Street Investment Corp—
40.25
43.26
Investing
5.76
6.34
Super Corp of Amer AA—.X.
Trustee Stand Invest Shs—
ASeries O—
.—I
2.34
Low Price Shares.—..
5.33
5*87
5.90
6.49
—
4.71
5.19
5.91
6".50
shares—
Petroleum
Railroad
RR
•
—
Mining shares—
shares———— "
Equipment shares
Tobacco shares——
3,74
u—
"4,03
4
45 Va
—10
7oy2
2.50
30%
Westchester Fire——
4,44
*
Corp——4—X
Fund Inc
10c
Foundation
Income
Common
23c
1.41
——-
Series
4.85
xl.02
1.13
Co of America—10
23.66
25.72
Investment
22.33
B .;
—
2,47
Wellington Fund
.
.
1973
100%
101
Public Service
^1974
106%
107%
105%
106%
6.76
(New Hampshire)
3%s series A.
1973
17.67
19.32
104%
105
109y2
109%
Louisiana
& Lt
3S—_1974
103 V2
Mengel Co ;3%s—_1959
Michigan Consol Gas 3y8s__1969
99%
100
San
104%
105
South
3%s
16.17
—1973
—
2%
26%
2%s
17.77
1
__
98
28%
Carolina Elec
Utah
1972
Power !&■ Lt
Util
West "Texas
3%s
2%
Jun 15,
Int. Rate
%%
1944..
1944-.
tSept.
__
100.1
100.2
100.14
100.16
XMar 15, 1945—
Bankers Trust
21%
10 '
...
Brooklyn Trust
City Banks & Trust Cos.
390
.—100
100.12
100.13
48%
22%
Chase National Bank;
37%
39%
13.55
Chemical Bank & Trust
Co
i—10
47%
49%
;__20
47%
50
Continental
& Trust—10
18%
20
Corn
—•
*
Bank
Conv
Exchange Bank & Trust_20
1—'——u,—50
National
Fulton
-
New York Trust—
77
Public Nat'l Bank & Trust—17%
1,610
Trust
100
175
185
<
1%%
100.26
100.27
100.22
100.23
37%
39%
XI %%
-Feb
0.85s June
15, 1944
—
4s
->1988
90%
.—1988
4%s series B
88%
91%'
93%
Common
1994
income
Conv
Denver
&
Income
Rio
4%s
101%
103%
2019
64
65 %
2018
1st 3-4s income—
60
62
>—._1993
82
Gen
income
mtge
Western
Inc
4%s
4s
i
96%
97%
4%s_
!
*
—1971
1991
62%
64%
78%
-
-
U S Conversion 3s
100%
1964-1944
1955-1945
.
May
11,
10015
U S Conversion 3s—
102}£
102]£
17%
42
43
June
June
29,
1944-
0.28%
0.30%
0.32%
—
bO.37
0.32%
July 13, 1944
July 20, 1944-
—
1944„
8.
Bills
1944—
bO.37
0.32%
July 27, 1944
bO.37
16%
133%
Bid
22,
b0.37
bO.37
bO.37
0.32%
Aug.
—
— —
104%
106%
purchase
Ask
Bid
105105%
132 »-•
Panama Canal 3s-—.——1961
June
1944
May 18, 1944_
May 25, 1944
June 1, 1944—
Ask
103^
104A
104 %
106%
1948
,1947
lOOli
Treasury bills—
80 y2
St
Free
v
102%
104%
June
18
July 6, 1944
:
—
:
—
Ask
b0.37
bO.37
bO.37
0.33%
bO.37
b0.375
b0.375
b0.375
0.34%
0.35%
0.35%
0.35%
0.33%
0.34%
t
c_—
;
—
Pacific
Preferred
1944—
of McQuay-Norris Mfg. Co.
of authorized
f Flat price,
Removed to Stock Exchange,
r Canadian market,
s Cash sale—not included in range for year,
Ex-dividend,
y Ex-rights,
tin default.
JThese bonds are subject to all Federal taxes.
AQuota♦No
11%:
1%
12 y4
.
'
2
on
par
March
common
k
common—I—
3,
43
Paul & Sault Ste M—
Optional v t c
15, 1944
19
42
com—-
———:
J
Western
.2014
Rio Grande
&
Preferred
Minn
.100
preferred
Denver
Pacific—
mtge
34
—
,102^
104,^
84
5%
Minn St Paul & Saulte Ste M—
1st
—.——-—
0.76%
Issues
Other
Rates quoted are for discount at
Chicago Rock Island & Pacific—
Grande-
4%s
32
—,
Common
1956-1946
1,
100%
Ask
"Voungstown—.
.
5% preferred
Chicago Rock Island & Pacific¬
ist 4s
&
—
38 May 1, 1956-1946———
0.75%
United States Treasury
Bid
—
Canton
Akron
Youngstown—
series A—
1955-1945-
3S
3s Jan.
•
Akron Canton &
Bid
100.9
100.7
—b0.90
1946-1944—
and if issued)
Stocks
0.76%
0.74%
p
Federal Land Bank Bonds—
Reorganization Rails
as
—
0.76%
b0,78
b0.78
Federal Land Bank Bonds—
15,1948
Federal Home Loan Bank—
3%s
Ask
0.63%
0.68%
b0.78
—
Ask
Bid
Commodity Credit Corp—
4s
(When,
0.41 %
.0.57%
b0.65
b0.70
b0.76
Obligations Of Governmental Agencies
50%
53
227
,36%
94 %
'
Bid
b0.45
b0.6O
—.
—-.
t%s Apr. 1, 1945—
t%s May 1, 1945-,-
.
4S
Bonds-
99.28
1947. -——1%%
1946..
100.13
1%%^-100.12
t%s Aug. 1, 1944
t%S Sept. 1, 1944-.
t%8 Oct. 1, 1944—
t7/aS Dec. 1, 1944
t.%s Feb. 1, 1945——
J0.90S Mar. 1, 1945
100.4
40
Title Guarantee & Trust.
12
6%
7%
United States Trust
-—100 1,435
1,489
'
15.
99.27
100.3
Ask
Bid
Int. Rate
—
34%
90%
25
49 V4
73
46%
1%%
%%
of a point
15, 1948—
317%
15%
51
21T
20
100
12%
Bank—_1 no 1 ,570
Empire Trust
Fir«t.
preferred
Morgan (J P) & Co Inc
National City Bank.
tDec
tSept. 15,
——
Commercial National Bank &
Trust
—
Guaranty Trust
———100
309%
Irving Trust
—-—.—10
14%
Kings County Trust———.1001,505
Lawyers Trust
25
37
Manufactures Trust Co com—20
47%
102
,_100
Ask
187%
12 %
—100
——
Warrants
100
98%
—...
——
Grace National
507/a
95
Central Hanover Bank & Trust 20
Bid
%
1
tDec. 15, 1945.—
tMar 15. 1946-
Par
Ask
402
105%
.
Certificates of Indebtedness—
100.10
XSept. 15, 1944
Mar 15, 1945-
Bank of New York
106%
103%
104%
1958
Maturity—
Ask
Bid
100
100.8
Sep 15.
Bank of the Manhattan Co.il. 10
103%
106%.
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more 32ds
Bid
103
103
1973
?
Boston Corp———10
Maturity—
Par
108%
^1968
3y8s_
York Corp. 4%s.—
100%
100
112
& Gas—
—
Southern Colo Power 3%s—1968
103
108%
108%
110%
Diego Gas & El 3%s—19.70
3%s
100
102%
(Minn)—
.1974
—
108
107%
Puget Sound Pow «Sc Lt—
4%s
.1972
Northern Indiana Public Service
Northern States Power
.1.70
1959
101%
105%
Public Service
106%
1979
Light 3%s—1973
National Container 5s_.i
100%
104 74
(Indiana)—
3%s series E.
1973
..
_
ABlair & Co.———
A First
8.64
1
Investment Banking
Corporations
10.21
93c
22.56
16.30
;
105%
3y8s
& Lt
Pow
Ask
102 %
101%
3%S—
Power
4yas
25.58
2%si—196r
Gas
Panhandle Eastern Pipe Line—
2%s debs
...1953
Florida Power & Light 3%s_1974
6.18
—*——•
Pow
Natural
Okla
104
"
Iowa Power &
81c
7.90
—
-
_
9.32
84c
New York
75 y2
33 y8
Bid
Ask
103
1973
Central
5.91
6.56
x72c
24.81
20.64
U S El Lt & Pwr Shares A
"1.54
2.19
C—
Bid
Atlanta !Gas Light 3s«i
1963
Blackstone Valley Gas & El—
Florida
2.13
.Union Stock Fund B—
u
Union Preferred Stock Fund——
35c
Incorporated Investors
—5
Independence Trust Shares.,—•
Institutional Securities Ltd—
Aviation Group shares——
Bank Group shares
—
Insurance Group shares
20.77
B—
Series
AHuron Holding
48
.
Recent Bond Issues
3s
2.25
—1
,
ASeries A_—
X
ASeries B——1
Trusteed Industry Shares.—_25e
Union Bond Fund series A—-
4.44
4.40
D—
,
4.26
4,01
Utility shares————-—-
ASeries
Trustee Stand Oil Shares—
•
4.13
,
3,86
Steel shares—w—i—-
38%
36%
14.83
Industrial Machinery shares—.
Merchandise shares
62 y4
487
472
28%
.——.5
*6.48
6.86
—————
46 V*
36%
119
59 V4
100
Fidelity & Guaranty Co..2
U S Guarantee
44
Home—
4.05
7.54
Hanover
43%
34y4
113y2
10.36
5.24
24
324
91.73
9.37
22
311
.—
__fl
2nd preferred
American..
54c
-10
62 Va
Fire
10
Security New Haven
10
Springfield Fire & Marine——25
9y2
28%
26%
,.—10
Seaboard Surety
^^>8
(Paul*
34%
6y2
x31%
4%
..10
,—2
St Paul Fire & Marine
15 %
14% "
...5
45 %
B
Great
49c
lOo
1
—
Preferred Accident
61 %-
Fireman's Fd of San Fran
138
——
Phoenix
50
20
2.29
-—10c
56%
10
—
Federal
Fidelity & Deposit of Md
...
....
Glens Falls Fire—
2.71
1
..X
——
River..
Globe & Republic
5
Globe Si Rutgers Fire Ins. com.
x2.04
.1
—10
General Reinsurance Corp.—8
Gibraltar Fire & Marine—10
39%
shares
Quarterly Inc Shares
Republic Invest Fund
Amsterdam Casualty
xl9%
Hartford
6.12
181
New Brunswick
86 Vz
X5.45
171
5
—...
7y8
20
Continental Casualty—————5
Series 1958
6.24
New
57y2
Fire.—..
National Union
7
81l/a
25
Boston—
Liberty—...
7.58
shares—
Fully
.
—
Ins
8.37
7.07
5.56
55%
N Y
'
8.57
Series 1956
<
10
.>25
,——10
& Mfrs Fire
Fire
•
—1
x7.79
—
Trust
-
—20
.—...8
......
Casualty
x7,61
x6.89
—
Amer
Automobile
—2%
Jersey Insurance of N Y
City of. New York—
Connecticut General Life
8.53
—
—.
Electrical Equipment——.
Food shares————————
Administered
12%
14%
49 %
11%
Fidelity & Casualty.5
,5
7.67
9.97
Series 1955
5.67
-
,
'11%
Equitable—
3.27
9.12
Putnam (Geo) Fund———.1
shares
16%
x8.29
Series 1953——.——
5.71
6.43
Automobile shares—:————
Aviation
15%
Massachusetts Bonding—.12 y2
Merchant Fire Assur.,
,—5
X9 76
North
5.44
Group Securities—
shares..——
12 Vt
6.77
Plymouth Fund Inc.;
Agricultural
'.11%
10.88
North Amer Bond Trust ctfs—-
—
5.30
—
x9.90
Railroad equipment
6ya
American Casualty——
x6.15
Steel—
'
25»/4
54%
7.69
12.16
oils
9.65
22%
10
,—2
Maryland
6.81
Building supply—
Chemical
....
——.
Electrical equipment.
5.84
5.24
.
(Detroit)—10
Knickerbocker
22%
—
Railroad
47'/4
6%
4%
72 y2
Baltimore American——
—
44 V4
5%
4%
69
x20%
6.70
X
4
34 %
10
4,52
•
15
82%
40 4
8%
8%
67%
10
10
Alliance—
Ask
13
79%
37%
7%
7%
64 y4
Fire...
Insur Co of North America—10
25
—.
_
36
Homestead
Agricultural—.—
6.98
—
—;
stock
52%
x2.89
—
Metals
50y4
Bid
Par
136'/a
American
—
...
Machinery
C
Companies
Ask
128 y2
10
—
Life
Bit*
10
American
stock—.—x9.07
Insurance
Aetna Casual & Surety—.
Aetna
1.38
1.25
7.11
Aviation—
Bank
Par
Aetna
series
Automobile
'
4.25
23.90
—
3.60
Agriculture
■
3.65
21.81
4.70
4.35
B
11.48
4.83
New York Stocks Inc—
__
«
Fund.——-X
Fundamental
xlO.51
New England Fund
-1.20
Balanced Fund—-—-j—-1
Stock
10
Preferred stock series
3.60
5.40
—-—-—2-80
25c
Equitable Invest Corp. (Mass) -O
Equity Corp $3 conv pfd
—1
Fidelity Fund Inc
—•
Financial Industrial Fund, IncFirst Mutual Trust Fund——8
Fixed Trust-Shares A.
-—10
Foundation Trust Shares A-—X
11.12
Income
—
-
& Howard—;
Eaton
10.34
-
32
113
Dividend Shares——
,
1
Low priced bond series
30
—
....
28 %
118%
Diversified Trustee Shares—
C—
22.52
Low priced stock common—
Bond series
2.67
26%
Insurance
9.85
8.96
25o
1
NY 1-953
38.90
4.43
20.94
(Md) voting shares..
National Investors Corp.;
National Security Series—
Y.
Wetype
Bell
6.22
series B shares—.*
(Colo)
4-4950
91.60
__1
Mutual Invest Fund Inc..
Nation-Wide Securities—
..
Tel; DIgby
4.60
.10c
Mass Investors 2d Fund...
2.21
2.67
A7%
preferred——100
Cumulative Trust Shares—
•
Delaware Fund———.
1
40 Exchange Place, New York 5, N.
10.17
...lCc
Common
Maryland Fund Inc
Mass Investors Trust
.1
2.21
Series AA
1
21.08
4.14
...
Members New York Stock Exchange
Members New York Curb Exchange
10.90
18.59
Fund—5.68
Loomis Sayles Mut Fund——*
89.77
Loomis Sayles Sec Fund..—10
38.12
Manhattan Bond Fund Inc-'-
5.09
38%
2.39
———X
Accumulative series
1
Series A A mod.—
1
Series ACO mod
—-—1
ACrum & Forster common—10
A8% preferred—.
100
Crum & Former Insurance—
A Common B shares——10
Corporate Trust
....
Shaskan&Co.
21.91
Knickerbocker
.
145
——
Commonwealth Invest..—-—1
;
Series S-l
..
,...—5
Fund Inc
....
„
5%
102.07
Christiana
.
Series K-l
Series K-2—
4y8
.4%
3.74
Broad Street Invest Co Inc..—5
Inv
13.21
Scries
Inv
Canadian
25.75
B-3,——
Bond
Bullock
23.43
11.99
X9.23,
B-2————
Series
preferred..
Boston
31.39
Series
15.44
Industry Shares
of
X28.60
X19.97
9.92
16.95
19.16
"3.78
1
Real Estate Bonds
on
12.78
29.50
3.45
Basic
Tr
12.49
28.16
X14.23
Stand Oil Shares..__...2
A6%
..I
.——
Keystone Custodian Funds—
Series B-l_„
_1
Axe-Houghton Fund Inc
Bankers Nat Investing-—
A Common
1
Investlng.lOo
American Business Shares
American Foreign
Assoc
Investors Fund 0
3.78
25%
24 Ve
Quotations
Ask
Bid
Par
7.09
6.52
—1%
Affiliated Fund Inc—
Ask
30%
31%
x
66%
67 y2
tions not
value,
28.
stock
a
Odd lot sales,
b Yield
1944, approved an amendment
to 450,000 shares of $10 par
furnished by
sponsor or
issuer.
price,
c
changing
common
Stockholders
the 150.000 no par shares
stock,
d Deferred delivery,
THE COMMERCIAL & FINANCIAL CHRONICLE
1896
Monday, May 8, 1944
Week
THE COURSE OF BANK CEEARINCS
Bank clearings this week will show a decrease compared with a year ago. Pre¬
liminary figures compiled by us, based upon telegraphic advices from the chief cities
of the country, indicate that for the week ended Saturday, May 6, clearings for all
cities of the United States from which it is possible to obtain weekly clearings will
corresponding week last year.
Our preliminary total
at $9,870,833,612, against $10,457,922,168 for the same week in 1943.
At this
there is a decrease for the week ended Friday of 12.0%. Our comparative
be 5.6% below those for the
stands
center
$
West Virginia—Huntington
New
Chicago
—
1,983,802
Total
37,151,602
274,481,390
(6 cities)
+
156,138,182
36,207,367
—
2,089,083
153,955,925
-
+ 13.5
6,869,000
68,353,759
Carolina—Charleston
Maryland—Baltimore
272,248,307
District of Columbia—Washington-
Boston
Kansas
City
—»——
358,208,929
535,000,000
—
562,000,000
298,251,192
156,088,361
—
—
——.
333,659,183
—
—
—
+
%
'
890,812
990,975
8.3
6,163,000
5,372,000
9.5
55,261,439
49,611,403
5.0
1,738,330
1,584,793
1.4
120,694,345
2.5
32,761,569
107,818,297
32,507,691
0.8
217,609,658
197,785,009
2,259,490
4,804,635
28,861,887
25,838,205
95,800,000
2,661,144
92,G00,000
+ 14.5
*1,750,000
3.8
25,355.000
1,548,583
23,532,000
32,235,919
+
+ 17.0
2,039,091
*2,000,000
233,732,000
+
3.0
205,667,343
+
49,708,598
47,870,254
Alabama—Birmingham
129,500,000
+ 16.0
1,746,080
Florida—Jacksonville
2.8
+
•240,641,000
—
•
—
Pittsburgh
5,482,842
2.8
+ 14.2
35,804,543
116,100,000
1,930,915
—10.6
211,999,846
Francisco
San
4.8
—
36,815,532
132,600,000
Georgia—Atlanta
+ 47.6
7,549,618
11,142,217
Nashville
8.8
+
151,894,644
150,200,000
J,-
—12.0
$5,071,140,194
389,938,625
—
Philadelphia
li
;
1,046,681
6,302,000
74,843,511
-
Richmond
South
1,188,785
-
Virginia—Norfolk
Tennessee—Knoxville
$4,465,034,599
York——
Li
I
1941
$
Sixth Federal Reserve District—Atlanta-
1943
1944
6—
Ending May
i
L
1942
or
Fifth Federal Reserve District—Richmond-
Clearings—Returns by Telegraph
Week
M
■]
April 29
Inc.
Dec, %
$
for the week follows:
summary
>
Ended
1943
1944
52,713,050
42,512,391
+ 24.0
36,413,290
4,196,539
5,046,126
—16.8
3,765,800
142,590
+ 27.9
153,600
181,174
2.2
61,580,681
51,887,079
9.0
261,824,244
237,542,494
3.1
Mobile
_■
Mississippi—Vicksburg
Cleveland
*168,000,000
163,399,406
+
2.8
Baltimore
131,315,809
126,061,484
+
4.2
cities, five days.
$6,746,370,432
$7,335,263,183
+
8.0
days—
1,479,329,245
1,397,716,270
+
182,411
.
*
+
2,875,809
5.8
Ten
Other cities, five
Total
•
'
.
EEL
$8,225,699,677
All
cities*
day
one
$9,870,833,612 $10,457,922,168
week
cities for
all
—
375,954,677
(10 cities)
1.
'
344,903,607
'
•'.'
.
—
+
"• o
Seventh Federal Reserve District—Chicago-
4.6
—
Grand
5.6
♦Estimated.
j
time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
t In the elaborate detailed statement, however, which we present further below,
we are able to give the final and complete results for the week previous—the week
ended April 29.
For that week there was a decrease of 5.7%, the aggregate of
clearing for the whole country having amounted to $9,375,435,325, against $9,946,706,634 in the same week in 1943.
Outside of this city there was a loss of 5.4%,
the bank clearings at this center having recorded a decrease of 6.1%.
We group
the cities according to
the Federal Reserve Districts in which they are located
and from this it appears that in the New York District (including this city) the totals
show a falling off of 6.0%, in the Boston Reserve District of 9.6% and in the Phila¬
delphia Reserve District of 9.0%.
In the Cleveland Reserve District the totals are
smaller by 2.8%, but in the Richmond Reserve District the totals are larger by 0.8%
and in the Atlanta Reserve District by 9.0%.
In the Chicago Reserve District, the
totals register a loss of 8.6%, in the St. Louis Reserve District of 0.5% and in the
Minneapolis Reserve District of 16.5%.
In the Kansas City Reserve District the
totals
record a gain of 1.2%, in the Dallas Reserve District of 8.8% and in the San
the Saturday figures are not available at
«•
30,543,000
—
Haute
'
3,854,766
.
296,902
466,642
7.8
4,209,898
4,590,139
+19.9
3,427,883
2,867,114
+
.
—
—
—
4.5
2,652,340
3,228,954
3.2
29,645,000
26,018,000
2.9
2,923.739
4.9
7,411,054
3.269,729
6,997,423
6.2
26,346,223
22,624,489
1,611,305
1,437,007
15,520,742
8,346,806
Sioux
1,815,917
+ 27.8
18,935,972
Des Moines
35,730,373
2,320,815
Rapids
8,781,118
33,525,923
Wisconsin—Milwaukee
16,067,174
7,010,927
+ 17.9
22,003,296
7.2
6,176,572
—
—
4,485,635
6,507,499
473,966
463,252,062
—
Chicago—.
639,885
—25.9
437,858
518,286
516,272,626
—10.3
461,704,068
375,503,685
1,370,127
City
Illinois—Bloomington
1,946,347
—29.6
1*368.629
1,460,922
—24.1
4,968,147
5,051,804
4.2
2,038,576
2,031,433
Decatur—
Peoria
—
"
5,189,957
6,840,844
2,255,267
2,163,638
1,473,713
Rockford
2,431,663
—39.4
1,993,380
1,651,806
592,286,231
647,911,661
8.6
597,214,870
475,723,810
I-
Springfield
Total
31,542,000
3,742,310
Bend
Iowa—Cedar
3,133,541
2,993,500
—
Indianapolis
Terre
5,762,250
4,807,374
1
Indiana—Fort Wayne
South
4,728,045
_
+ 241.2
145,423
496,188
5,096,876
-.
Rapids
Lansing
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them today, in as much as the week
ends Saturday and
.
Michigan—Ann Arbor
L.
Total
1,724,942,715
86,201,090
5.8
$8,732,979,453
1,645,133,935
L
84,336,840
Louisiana—New Orleans
(17 cities)
+
Eighth Federal Reserve District—St. Loafs—
179,700,000
—
0.7
133,500,000
112,100,000
65,324,596
+
0.3
48,446,948
45,296,792
39,403,354
43,283,823
—
9.0
29,435,939
24,581,515
4,580,000
1,149,000
+298.6
729,000
808,000
289,212,329
•
180,900,000
65,528,975
Missouri—St. Louis
290,657,419
0.5
212,111,937
182,786,307
Kentucky—Louisville
Tennessee—Memphis
i
Illinois—Quincy.
Total
(4 cities)
—
Francisco Reserve District of 0.9%.
In the following we furnish a summary
by Federal Reserve Districts:
Ninth Federal Reserve
SUMMARY OF BANK CLEARINGS
Districts
Federal Reserve
Week
April
Ending
2d
3d
New York
4th Cleveland
—
Louis
now
add
217,609,658
261,824,244
237,542,494
647,911,661
—
8.6
597,214,870
289,212,329
290,657,419
0.5
185,295,170
221,847,727
212,111,937
152,653,218
135,975,326
—
—16.5
+
135,247,764
503,054,179
9,375,435,325
1.2
210,459,370
158,380,713
+
8.8
0.9
92,772,513
377,565,288
307,870,962
4,741,007,815
7,666,814,385
5.4
—
7,004,549,131
3,780,473,941
3,189,365,573
^
Ended
3,644,161
396,244,001
999,458
1,039,816
•
1,046.890
1,097,757
5,447,003'
2,744,046
"
2,116,700
4,167,593
323,888,666
282,792,792
3.9
888,071
788,313
361,015
362,725
—
—
2,627;865
+22.7 '•
—
643,829
982,259
3,867,357
3,892,557
2,713,203
/
2,515,762
17,523,240
16,232,400
,
5,434,033
15,900,900
16,592,900
561,076
+
376,663,907
1,232,386
15
2,734,179
1,140,618
Montana—Billings
1,152,776
947,370
+ 21.7
803,112
856,213
4,431,278
5,304,007
—16.5
3,371,662
2,835,613
185,295,170
221,847,727
'—16.5
152,653,218
135,975,329
.
Helena
+ 14.8
—17.1
5,277,099
17,383,600
478,818
595,153
407,898,584
(12 cities)
6,363,457
18,230,600
Haven
Hampshire—Manchester——_
451,231,367
+
4.9
—19.5
—
9.6 + : /
5,280,453
—
+
923,135
Total
(7 cities)——.——.
!•"
"
i
:r'
Tenth Federal Reserve District—Kansas City-
202,699
—17.3
365,424
—21.0
163,398
172,705
3,688,533
Hastings
4,161,061
74,374,812
—11.4
3,442,562
3,000,907
8.3
48,146,481
35,658,350
—15.9
167,583
;
;
Omaha
80,582,667
2,522,589
5,342,257
2,998,263
177,003,935
178,130,253
5,223,410
5,020,986
884,105
1,138,147
776,460
Kansas—Topeka
765,703
273,142,917
_
-
Missouri—Kansas City
St.
"
288,762
Nebraska—Fremont
Joseph
—.
.
_
__
Springs
,
■
5,985,569
+
106,761'
136,046
1,875,633
2,130,927
—10.7
4,343,604
0.6
146,359,673
—
3,869,351
109,237,511'
'
4.0
4,132,552
—32.3
912,178
354,813
+
1.4
691,949
829,184
+
1.2
210,459,370
158,380,713
+
3,275,493
Total
(10 cities) J
276,480,301
'
"
;
,
Eleventh Federal Reserve District—Dallas-
Galveston
Total
10,532,930
9,623,965
—47.8
1,377,908
1,418,416
Utah—Salt Lake
64,100,000
6.7
+ 28.3
50,900,000
1,087,798
41,600,000
1,028,100
706,198
+ 21.6
1,207,543
878,531
San Francisco.
5,205,698,819
6.1
3,886,340,444
3.6
3,815,183,558
8,819,153
+
—
9,575,014
9,936,092
Syracuse—
5,941,931
6,342,671
—1.6.3
9,908,926
6,240,451
7,000.454
6,038,433
+15.9
5,756,907
—
5,997,293
357,273
339,782
+
5.1
517,383
569,975
28,428,928
+
1.6
36,497,624
35,833,125
+
1.9
26,429,221
30,749,155
28,792,895
5,078,150,794
,
.
..
f
2,625,000
6.8
+42.0
—26.5
2,439,000
135,247,764
+
8.8
1,092,864
-
v
1,057,933
4,083,254.
3,451,183
92,772,513
,
82,473,llf
5,402,335,871
6.0
4,031,048,666
3,945,032,637
—
93,517,716 '
-T-
4.9
68,929,361
53,295,160
+ 28.2
1,097,306
1,224,253
9.7
53,080,355
42,993,957
28,360,212
—17.5
21,415,390
16,929,421
12,118,203
—27.8
San Jose
Santa Barbara
Stockton
—
——.——_—
3,554,171
+ 30.0
1,542,461
+ 40.2
1,680,645
1,481,496
4,183,208
—.
269,039,000
4,619,442
—
,
-t—
292,550,000
California—Long Beach
1,471,330
85,907,514
23,394,916
8,752,212
3,664,559
-
-
City
3,759,037
+ 11.3
3,023,429
2,507,709
3,784,535
—
+
6,595,054
3.2
8.7
4,398,069
3,525,304
3,590,164
178,160,000
215,168,000,
3,050,444
3,290,739
Total
(10 cities)
507,662,947
503,054,179
0.9
377,565,288
307,870,962
9,375,435,325
9,946,706,634
5.7
7,666,814,385
7,004.549,131
4,485,759,840
4,741,007,815
5.4
3,780,473,941
3,189,365,573
-
+
26,464,211
Grand Total (111 cities)
Outside Npw York
(12 cities)
+
1,075,931
6,235,217
4,978,442
28,870,917
Jersey—Montclair
Newark
Northern New Jersey
2,904,137
77,551,251
Pasadena
1,256,430
Rochester
Connecticut—Stamford
8,478,550
2,162,402
Oregon—Portland-
1,939,606
4,889,675,485
York
9,257,083'
1,885,819
—32.5
1,323,479
..
.
65,292,850
88,899,138
—
Yakima
41,393,885
1,527,913
—
73,233,000
147,302,917
—
(6 cities)
68,420,000
Buffalo
1,753,577
7.7
1,528,374
Washington—Seattle
.
'
Jamestown
2,481,312
+
+ 50.0
2,879,419
4,582,230
Wichita FaUs
Louisiana—6 hreveport
1,012,330
Blnghamton_
9.0
112,153,060
*10,000,000
2,332,113
Fort Worth
27,948,374
■few York—Albany
—
120,758,000
*15,000,000
3,102,200
Texas—Aust ih
Twelfth Federal Reserve District—San Francisco—
1.'
Second Federal Reserve District—New York—
Total
2,972,979
333,354,714
!
4.4
15,903,237
18,257,785
Rhode Island—Providence
■few
1,251,028
780,703
4.6
—27.9
*
Rlmira—
2,575,608
46,030,632
2,775,134
South Dakota—Aberdeen-
819.709
712,365
9.8
—11.0
'
'
Connecticut—Hartford
New
*
'
317,854
3,927,662
—
___
,
6.7
—
1941
$
+ 32.8
567,463
3,285,252
**
•
j
33,322,811
Pueblo—
1942
Dec. %
*
352,507,198
Bedford.
•
each city for the
April 29
Inc. or
1943
"
753,675
—.
—■
Springfield——
,
3,119,069
92,342,875
39,694,598
North Dakota—Fargo__
Colorado—Colorado
390,101
Total
3,546,791
101,362,258
—14.0
District—Boston—
River
New
7.3
—18.1
53,551,176
Wichita—
;
.
1
$
82,473,115
5.7
—
"
■Jew
3,933,088
153,906,721
;_
:
Lincoln
9,946,706,634
4,485,759,840
,
detailed statement showing the figures for
————,
Worcester,.
3,645,331
126,009,021
Paul
182,786,307
+
273,142,917
276,480,301
147,302,917
507,662,947
Massachusetts—Boston,
New
St.
475,723,810
1944
Fall
District—Minneapolis-
Minneapolis
197,785,006
0.8
9.0
Clearings at—
Portland-
419,980,484
+
+
Week
Maine—Bangor__.
530,406,606
2.8
—
272,248,307
344,903,607
{week ended April 29, for four years:
First Federal Reserve
606,484,108
527,643,563
9.0
—
592,286,231
"
—
our
3,945,032,637
274,481,390
111 cities
_
333.354,714
4,031,048,666
375,954,677
"
"
Outside New York City.
376,663,907
6.0
—
638,776,487
6
10
—
Francisco-:
We
620,619,799
"
"
"
City
Ilth Dallas
_
"
"
"
9.6
—
765,349,328
4
7
10
_
9th Minneapolis
Total
620,090,186
17
*7th Chicago
10th Kansas
"
7
6
10
—
6th Atlanta
12th San
451,231,367
5,402,335,871
10
——
—
6th Richmond
"
12
_
Philadelphia
8th St.
407,898,584
5,078,150,794
12 cities
$
$
Dec. %
$
$
29—
1st Boston
1941
1942
Inc. or
1943
1944
Minnesota—Duluth
;
—
•Estimated.
•
Third Federal Reserve
District—Philadelphia—
486,657
461,936
5.4
467,693
603,653
Bethlehem
887,179
668,794
+ 32.7
424,926
524,922
Chester
725,567
838,774
—13.5
602,229
Pennsylvania—Altoona
—_
Philadelphia
Reading
1,549,968
1,688,824
605,000,000
Lancaster
744,000,000
+
556,945
8.2
1,743,052
1,552,948
—18.7
588,000,000
512,000,000
—
1,619,375
1,954,286
7.1
1,664,942
2,226,404
2,513,650
Scranton
3,085,857
—18.5
2,385,953
2,396,042
—'
Wilkes-Barre—
1,670,084
2,216,159
—24.6
York
1,419,006
2,466,998
—42.5
4,218,700
7,967,700
—47.1
1,621,768
1,878,845
7,694,700
620,090,186
765,349,328
9.0
606,484,108
527,643,563
+ 27.2
3.9
2,933,985
92,255,174
76 ,051,105
8.8
190,418,045
140 947,273
13,220,200
14 ,013,600
■lew Jersey—Trenton
Total
(10 cities)
_
_
—
Mansfield
Toungstown
___
:
;
#wr\ isylvania—Pittsburgh
104,018,645
225,851,209
16,407,800
I
Columbus;
2,962,256
205,145,164
~
Cleveland
31,1943.
14,017,300
2,454,591
2,022,338
3,287,843
3,834,456
281,450,460
286,070,283
+
—
+ 17.1
+ 21.4
Clearing
As noted in
2,475,334
3,737,700
our
were
discontinued
as
issue of Jan. 17, 1944, page
250, at the last Annual General Meeting of the Canadian
Bankers
Association
direction
returns be discontinued on Dec.
that it had been obvious for
3,768,941
108,105,000
_________
Cincinnati
Note—Canadian Bank
1,569,615
,
Fourth Federal Reserve District—Cleveland-
Ohio—Canton_
+
of Dec.
3 065*248.
not
was
given
that
clearings,
31, 1943, in view of the fact
some
time that the figures did
correctly reflect business activity, for the
iritra-bank items do not pass through
reason. that
the clearing kotfses.
2 098,900
1,988,745-
-t-14.3
3,083,874
4 ,915,931
1.6
226,506,583
178 888,427
—
■
Tital (7 cities)
620,619,799-
-
638,776,487
—
2.8
'
530,406,606
-
419,980,484
i:
Volume 159
THE COMMERCIAL
Number 4279
& FINANCIAL CHRONICLE
Per
Redemption Calls and Sinking Fund
Name of Company
Allegheny
Ludlum
preferred
7%
(quar.)
list of corporate bonds,
notes,
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
Which the details were given in the "Chronicle."
a
Company and Issue—
Allis Chalmers
Date
-
Mfg. Co., 4%
debentures due 1952_May 18
conv.
American Bemberg Corp., 7% preferred stock
—July
American Gas & Electric Co., sinking fund debentures—
Kid
Allied
Mills
Extra
Amalgamated
American
American Forging
American Home
American
American
due
mtge.
Canadian National Ry., 5%
33/4S,
due
Bandini
Barcalo
May 15
a
6%
Belden
1
Bendix
1655
River Day Line, 1st
;
1
1
1655
.International
J.
Rys.
of
refunding 6%%
Central
America,
1st
lien
1761
Work Rys.
936
C.
1148
Sand
Corp.,
mtge.
1st
bonds,
due
Coke
26
1950——,
1
15
15
1764
1659
26
1765
Co.,
St.
joint
Louis Public
income
&
Edison
15
1
Inc., first preferred stock.
^
Disinfecting Co.,-1st mtge. and coll. 3%%
1801
Co., 5%
1290
♦Announcement
in
this
which
1802
1597
we
1
1
A
News
1
1808
1
1808
1
1808
"General Comoration
Department" in the week when
Aikman
Inc.
(quar.)
Alabama Water Service, $6
thare
.
35c
75c
%15
5-26
6-15
5-26
1
5-10
6-
1
5-10
37J/2c
com.
(irreg.)
Forster
B
1
6-12
7-
1
6-12
25c
class
6-
1
5-19
6-
1
A
40c
Shares
7%
Payable
5-15
Holdert
0/ Bee.
4-29
6-
8
5-31
$1.50
6-
1
5-20
4-28
6-^24
6-1
6-15
6-
56V4C
6-15
5-31
5-13
1
5-31
5-15
$1.75
(quar.)
6-
1
5-15
6-1
5-15
$2
25c
6-
1
5-20
25c
6-
1
5-20
$1.25
6-
1
5-20
$1.25
5-15
4-30
$40c
7-29
6-30
$1
^
6-20
6-10
Co.___
6%
pfd.
(quar.)
$1.50
4-27
5-25
7-
6-15
5-
$1.50
1
$12y2c
5-19
15c
common
6-15
45c
__u_
Associates__i___
preferred A
1
6-10
15c
_1_
Products
Machine,
"
Ltd._;
"
5-
5
6-
9
5-15
5-
5
7-
t25c
6-15
3
.<
Clock,
preferred
General
Steel
Glidden
Co.,
A
Corp.,-class
7-15
8-
1
pfd.
Mines,
(s-a)__
Ltd:.
5-15
4-25
5-31
5-17
6-10
5-31
6-15
5-12
5-15
5-5
6-1
5-15
5-22
5-12
5-22
6- 1
5-12
5-15
,5-.5
(interim)___
State
4%%
6-15
5-13
5-13;
$1.12%
(quar.)____^_—13c
& Power,
(quar.)__
com.
preferred
(quar.)_
Outboard Marine & Manufacturing
Paahua Sugar Plantations
6-
—____
7- 1
4-29
4-29
6- 1
40c
preferred
(quar.)____
—
6-1
5-12
6-
5-15
6-
1
1
5-15*
5-
Real
Silk
1
Paul
$1
6-
5-20
8%
6-
9
7'%%
6-
9
7%
6-13
5-15
25c
6-
1
5-15
$1.12%
25c
1
5-20
.5-15
5-5
6-
Canadian
5-11
Silver
1
7-10
Sixth
Simonds
8-
$1.50
5-22
5-12
6-12
6-12
Southern
$1
$1.25
50c
62%c
$4.50
Indemnity (N. Y.)
Lakes Engineering Works (qUar.)__:_
5-10
4-29
5-20
5-15
4-26
37%c'
25c
25c
•
5-
1
5-10
4-15
6-10
,,
5-15
l
4-24
>
5-10
5-10
$2
$1.87%
$1.75
$1.62%
7777-
1
1
1
1
6-20
6-20
,6-20
16-20
1
25c
5c
t20c
t$1.50
6-15
6-,
6-23
8-15
7-15
7-20
10c
5-15
5-
50c
50c
5-15
$1.25
$1.06V4
6- 1
6-12
8- 1
8- 1
50c
6-15
5-15
25c
(s-a)'i—50c
6-15
6-12
5-15
6-12
5-15
15c
6- 1
5-15
6_ 1
5-15
ctfs.___
_________
Power
(quar.)
6-15
6-
Southington Hardware Mfg.
Squibb (E. R.) & Sons, common
participating preferred
Union
preferred
A
Gas
(quar.)
Co
(quar.)
(quar.)
$4.25 preferred B
5-2
5-12
Standard
Oil
of-
6-15
5-19
Standard
Oil
Co.
Oil
(N.
6-15
6- 8
Standard
7-
1
6-15
13%c
7-
1
6-15
(Indiana)
J.)
Sterling Drug, Inc.—
Coke & Coal
__
—.
I
California
Extra
Stonega
5-15
5-15
Southern
5-15
5-15
5-20
4-25
5-29
5-15,,
5-26
6- 1
5-15
1
$1
6-20
6-15
(quar.)
5-15
■
6-20
25c
50c
6-15
$5
5-15
40c
—
Bldg. Co. partic.
5-15
5-1
<
1
5-15
5-r
1
5-15
5-15
6- 1
6-21
6- 1
1
6-
5-n
5-15
$10c
5c
$1.50
Corp
7-
1
5-24
5-11 '
Investment
Corp
Canada
15c
.
(quar.)—
Castings
Inc.
?5c
(quar.)__
.
D
International
5-
25c
Great American
.
participating preference (quar.)
10c
Co._____
(quar.)—
(quar.)—.—
6-15
6%
5-iO
5-20
15c
Sonotone
50c
B
Broadway
Skilsaw,
7-
56V4C
_•
.
*
4-21
Co.—
Saw & Steel Co
Steel
&
$1.25
1
(quar.)
Shenango Valley Water, 6% pfd. (quar.)
5- 5
5-
30c
Power
Sheller Manufacturing
5-15
5
5-25
4-24
50c
37%c
(quar.),
(quar.)
C
debenture
6%%
6-10
5
&
debenture
Trust 4%
5-15
5-31 1
5-
5-22
5-1
30c
$1.25
Shops, common (quar.)—
preferred (quar.)
Electric
debenture
35c
5-31
6- 1
5-15
5-25
5- 1
6-20
6-1
5-1
(quar.)___
—,—
Stockyards
debenture A
-Second
5-11
5-15
6-1
6-10
5-1
5-20
6- 1
6- 9
6- 1
6- 1
6- 1
6- 1
6- 1
6-15
7-15
7-15
6,-1
6- 1
6- 1
$1.75
15c
(quar.)___,
Texas
convertible
6-15
5-20
6-15
6-15
$1
.
.
Milling
Union
Saco-Lowell
6-15
6%
of
Co.
Cement, $5 preferred
Brothers, Inc., (quar.)
$1.12Va
1
(accum.)__
ExtraSt.
5-20
$2
7% preferred
Corporation (irreg.) —;
Hosiery,
Rivers'de
Roos
6-121
4-25
1
6-
,
Savannah
(irreg.)-r—,n.
,
4.-25"
5-31
—
Russell-Miller
(quar.)
Engineering
8
40c
50c
10c
Parker Rust Proof Co., common
37%c
7%
preferred
35c
Pato Consolidated Gold Dredging—
tl5c
Paton Manufacturing Co., Ltd., common_,__
t$l
7% preferred
1—__
t$1.75
Pepperell Manufacturing Co. (quar.)——_
$2.50
Perkins Machine & Gear Co., 7% pfd.(quar.)
$1.75
Peter Paul, Inc. (quar.)—
50c
Petrolite Corp. (irreg.)—
20c
Pettibone Mulliken Corp.__—
25c
Pfaudler Co., 6% preferred (quar.)—____,
$1.50
Phelps-Dodge Corp.
?
40c
Philadelphia Suburban Water Co., common20c
6% preferred (quar.)_,
$1.50
Piper Aircraft Corp., 60c preferred (quar.)_
15c
Potomac Elec. Power Co.," 5%% pfd. (quar.)
$1.37%
6% preferred (quar.)
—,——
$1.50
Potter Company
:
10c
Power Corp. of Canada, 6% pfd. (quar.)_—
t$1.50
6% non-cumul. partic. preferred (quar.)__
t75c
Public Service of Indiana, 5% pfd. (quar.)~
$1.25
Common'.^——'_:_*■' / ' 25c
Purity Bakeries Corp
35c
:—
Paramount Pictures (quar.____
Parker (S, C.) & Co., class A (quar,)
75c
Corp. (Del.), common
preferred (quar.)
5-
5-25
5-20
37%c
Grevhound
5
6- 1
Roxy Theatres, $1.50 preferred
5-15
'
5-
(
5
6- 5
5-12
5-10
(accum.)
9
4-26
5-
15c
5-15
-
Manufacturing Co
Mills, 5% prior-preferred (s-a)
1
7- 1
7- 1
5-25
50c
1
-
6-1
(quar.)
5-
1
5-
tl5c
J$1.25
50c
Package. Machinery___
6-1
(quar.)__
i
5-12
6-15
6-15
preferred (quar.)__
Life Insurance
6-
25c
$1.50
pfd
5-13
25c
Ohio Power,
15c
conv.
■
5-12
5-15
t$l
.
5-.-S
5-15*
25c
Ottawa Light Heat
25c
Corp., $1 pfd.
7-15
6-10
50c
Republic Insurance
$1.12%
(quar.)
8
4-28
*12%c
B_
Extra
5%
1
$1.27%
(quar.)
(quar.).
Ohio
Ohio
6-3
8-
$1
pfd.
(quar.)
6-22
50c
& Rubber Co., common
convertible preferred (quar.)___
Aircraft
Mfg. Co.
Hundred
Oil
5-
6-15
$1.50
(s-a)_
5.10%
Gas
6-22
Goodyear Tire
Grumman
Nineteen
&
1
••
•
Casting Corp., $6 pfd. (accum.)
(interim)
(H. W.)
■Newmarket
Class
5-15
$1.50
1
common
preferred
stock
State Elec.
Y.
5-13
1
4c
*
(s-al__
7-
50c
i.
(quar.)
Securities
stock
7-
Dredge & Dock-
preferred
5-15
6-
Shipbuilding Corp.—
35c
Corp., common
(quar.)
convertible
6-3
1
$3.25
(irreg.)
Co.
Regina
15c
preferred (quar.)
Motors
4-27
25c
(accum.)
pfd.
56y4c
4'/a%
4Va%
Mining
Participating
N.
6%%
4-29
;
Co.,
5-15
4-25
25c
(resumed)
5-15
common.;
$1.50 preferred
5-29.
15c
Co
Corp.
5-10
Ferry Cap & Set Screw__
General Acceptance
5-
6-10
25c
-
(quar.)
5-25
25c
Trailer
5-25
5-12
50c
Cos.
40c
Fajardo Sugar Co. of Porto Rico (quar.)
Federal Light & Traction, $6 pfd.
(quar.)__
Co.,
6-10
6-13
5-15
75c
(quar.)——
Corp.
75c
(quar.)_,_
Firestone Tire & Rubber,
6-13
7- 1
6-13
—
common:
(quar.)___
Utilities
1
6-
$1.25
Lead,
Washing
5%%
5-12
$1.75
Coe & Gregg
(quar;.)_
■
Fairbanks Morse & Co. (quar.)______.
Great
5
5-15
(accum.)
preferred
Goodall
6-
1
$1.25
;
preferred
Manufacturing
4%C£>
'• 5-20
Corp.—
(quar.):
Corporation,
$5
1
6-
25c
Insurance
Steel
7%
6-
16c
Wing Paper Co.,* 5% pfd. (quar.)__
Mines, Ltd
—________________
Eastern
5-19
25c
(irreg.)•
5-19
2
6-23
50c
class A
2
6-
10c
T_
6-
40c
(quar.)____
(quar.)
1
5-19
(quar.)
Picher
6-12
6-12
$1.25
(quar.)_
&
Eagle
1
1
7-
Corp.,-common
proferred
preferred (quar.)
Dome
5-11
77-
-
$5.60
common
preferred
57o
5-26
75c
—
preferred
$8
6-
Devoe & Raynolds Co., class A (quar.)__
6%
When
Haven
Noranda
50c
87J/2c
(quar.)
Crown Cork & Seal Co., $2.25 pfd. (quar.)__
Crown"Zellerbac'h Corp., $5 conv. pfd. (quar.)
Gossard
20c
pfd. (quar.)_
5-20
$1.25
Corp.,
Broadcasting,
Co.,
Gosnold
Industrial and Miscellaneous Companies
(irregular)
6-14
.....
preferred
Gorham
The dividends announced this week are:
Air Associates,
75c
$3
Paper
$5
Name ot Company
4-29
Extra
second table in
Per
New
5-11
1
$1
Machinery
(Herman)
Founders
Faber
682
declared.
Acme Wire Co.
Transit
$1.50
B
General
our
Rubber
National
Nelson
(s-a)
&
4.y2%
show the dividends
Investment
National
Corp.—
Quarterly
under the company name in
6-1
5-15
77-
25c
(quar.),
(quar.)
5-15
5-15
4-24.
3
50c
Protective
7-10
15c
4-27
$1.75
*
Paper Co., corn—
common
Container
•
7-1
Manufacturing Co
Employers Reinsurance (quar.)
Emporium Capwell, common (quar.)
previously announced, but
which have riot yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
and
preferred
5-31
$4% preferred (quar.)
Ford Motor Co., Ltd., ordinary (annual)
Fort Pitt Bridge Works
a
$3
7-20
common.—.,
Fitz Simons & Connell
follow with
National
$1.50
4-24
lc
(quar.)_
(quar.)
t50c
Eaton
issue.
Then
5-15
common-.
Biscuit
Easy
grouped in two separate tables.
In the
bring together all the dividends announced the
we
National
1
A
$1.25
(s-a)_.
Eastern
are
current week.
Co.,
A
Fruehauf
we
5-15
6-
Class
Coated
Lines,
(quar.)
Co.__
Eastern
DIVIDENDS
Dividends
5- 5
6-15
-
4-27
$1.50
Machine
$7 pfd.
&
(quar.)
(quar.)____
Tractor
Flintkote
first
Co<(
convertible
6 7c
1
debentures, due 1954—
-July
Inc., first mtge. 3% bonds, due 1958—Jun
& Co.,
5-16
$50c
J25c
;
Durham Hosiery Mills,
'
ing
$2.75
Co.—
$2
$1
;
Mfg. Corp.,
50c
Co.
6-14
15c
Quarterly
5-9
,
7-
6-30
$1.50
&
Nashua Gummed
6-1
Ltd._______
Service
Corporation-
preferred
Diem
1
Wilson
Public
Cushman's Sons,
1
____________
—
6-20
5-22
1
7-15
25c
—
-
Co
National City
preferred (quar.)
Corporation (quar.)
7'h
1801
1958 —:
Jun
Westchester Lighting Co.-New York Westechester Light-
due
1
6-
Mount Diable Oil Mining & Development-
Mullins
York
Crum .&■
*
1
1
7-
1
New
Crane
„
_Jun
bonds,
West
'
5-19
Concen¬
Corp.
(quar.)
Copper Range Co.___
Corporate Investors. Ltd.,
1768
Power
Wan Raalte Co.,
5-17
1
6-15
5-20
57o
1801
July
—July
1
6-
6-15
Class
1696
1
__
Co.,
Investment
Consolidated
1
Jun
1955—Jun
6-
6-
8
50c
Equipment
Drill
Twist
$2
5%
1767
5s,
3y2 % debentures, due 1960
United Biscuit Co. of America, 3%% debs., due
United Public Utilities Corp., coll, trust bonds—
6% series A, due I960-,
5%%
series B, due 1960
Morse
Park
Collins
1558
—_July
Co.,
5-25
New
Class
1
Co., 1st & ref. mtge. 5%
l
bonds, ser. F, due 1955——
—-May 22
Schenley* Distillers Corp. 5% % preferred stock—
—Jun 30,
Simmons Co., 4% debentures, due 1952
May 15
Toledo
6-10
I2y2c
Coca-Cola International
3
1
—
Electric
Foreign
Coca-Cola
1288
due 1959—-May 17
San Jose Water Works, 1st mtge. 3%% bonds, series A,
due 1961
.—Jun
1
Savannah
(J.
5-20
Class
1st mtge.
Morgan
6-15
Dresser
Service Co.,
&
—
Fairbanks-Morse
Cleveland
1766
—-July
and
notes--—
Mining
& Pittsburgh RR. Co.—
Special (quar.)
7 7c preferred (quar.)__^_;
1660
1
Baragua Sugar Estates, income debs, and notes
Companias
Azucareras
Punta
Alegre,
S." A.,
5-22
Cleveland
3
1
-
1
$2
5%
1764
1
1st mtge.
6-
(accum.)______
Class
Jun
5s, due 1950—Jun
debs., due 1949—Jun
————-
Electric
Auto
25c
Liquidating Co. (liquidating)
Malting Co., Ltd., regist. (quar.)
preferred
Monroe
$1.25
Sullivan
Illinois
6-15
5- 6
50c
_
(quar.)
&
1
50c
(quar.)
(interim)
Clark Equipment
1754
1st lien & gen. mtge. 4%%
Co.,
Public Service,Co. of Colorado 4%
Punta Alegre Sugar Corp.—
Florida
Co.
(quar.)
Chrysler
due
3%s,
Phelps Dodge Corp., conv. 3%% debentures, due 1952—Jun
Pittsburgh Steel Co., 1st mtge. 4%s, ser. B, due 1950—Jun
Portland General
America
S
5-
4-25
$2
5-13
&
5-
5- 5
50c
7-
P.)
4-26
5- 8
5-15
$81
.
common—
50c
(quar.)
4-27
1
$1
pfd., (accum.)
7-1
6-20
5-12
25c
25c
__
5-
5-15
5-15
$1.25
non-cumulative
6',)/
preferred
(accum.)_i.__
Central Vermont Public Service
-
&
W.
$6
3
Gas
Hill
Central
1451
'Portland
of
for
Products,
(quar.)_:
5-15
6-15
$1.25
(quar.)
25c
(accum.)
5-1
$1.50
75c
____
,
5-10
5-15
12%c
75c
: '
-
preferred
Casket
ctfs.
Steel
preferred
.
4'
5-31
25c
'
(quar.)_
preferred (quar.)
Minneapolis-Honeywell Regulator—
New common
(initial)»
——;
Monomac Spinning
Co._
i.
Manufacturing—.
Burial
preferred
1
6%
Midland
$2
Carolina Clinchfield & Ohio Ry.
1451
Glass
Allotment
5
5-
5
25c
Robbins, $4 preferred (quar.)
conv. 1st preferred (s-a)—_
Metropolitan Industries, 6% pfd. (accum.)_
5-20
Canadian
.——May 16
Pennsylvania
6-10
5-24
6-10'
5-
25c
McKesson &
6-30
6-15
7- 3
50c
Mengel Co., 57o
75c
5-15
20c
—' '
(quar.)
preferred
May McEwcn Kaiser
5-15
5-17
1
Consolidated
prior preferred stock-
5-15
5-15
1
6-
25c
Manufacturing Co
6-5
5-10
6-15
5-15
50c
,1
5-31
5-22
tl7%c
Products
6- 5
1
t5c
non-cumulative
37y2c
5-
5-29
0-25
$1.25
(quar.)
■
Marion
6-
$3
pfd.
(s-a)
common
30c
(quar.)_____,
5-20
Ltd.
Co.,
5-17
$1.75
Co.,
4-29
6;
7-18,
5-15
t20c
5%
(quar.)—
!
Electric
Mines,
50c
(Richard)
5-15
;•
Magnesium
(quar.)__.
E.)
&
1
6-
37y2c
Canada
bonds—-—May 6
Pennsylvania-Central Airlines Corp., preferred stock
May 15
convertible
$5
preferred
(F.
45c
10c
____^
Marine
Cement—
6-
7-10
15c
Extra
5-15
5-10
6-
8%
Canadian
Oklahoma Natural Gas Co.—
$5.50
1
5-18
15c
_
_„
&
6-20
8-1
5-15
5-15
7%c
Extra
Spinning Association—
Limestone
5-31,
25c
$1.06%
$1.50
50c
Champagne
(increased)
Ice
Macassa
5-20
Columbia
One Park Avenue Building 2nd mtge.
8
8
Corp.
Macmillan
Charls
1
5-
5-
5-
$6
Corp., prior lien 6s, ser. A, due 1958—July
5-20
5-13
1
trating
(New York City Omnibus Corp.—
New
Louisiana
6-
1
JNorth Texas Co., 1st collateral lien bonds, due 1957—Jun
Lionel
5-15
5-12
Bunker
1447
New England Power Co., 1st mtge. 3V4S, ser. A, due 1961_May 15
5-15
1
$1
___
7-10
Lithomat
6-
30c
Corp
preferred
Co.
5
6-30-
Lang (John A.) & Sons (quar.)—
Corp.
;
6-20
10c
.
Shoe Co., Inc.
(quar.)
Brunswick-Balke-Collender common
&
National Container Corp. 15-year 5% % debs., due 1952_Oct
National Dairy Products Corp., 3%% debs., due I960—Jun
6-20
5-15
5-
6-10
•
Shore Mines (quar.)
Superior Dist. Power,
Lane-Wells
*
6-30
8- 1
8- 1
Creamery Co., common (s-a)
(quar.)—,
1
$1.25
Bristbl-Myers
1447
21
20
1
5-15
7- 3
preferred
6-1
5c
15c
Brown
1250
1
bonds,
—
7-
(quar.)
Brewing Corp.
3
sinking
due 1947
Aug
Iowa Electric Co., 1st mtge. 4s, due 1961
Jun
,Iowa Public Service Co., 1st mtge. 33/4S, due 1969
May
"Kanawha Bridge & Terminal Co., 1st mtge. bonds——Jun
Kaufmann Department Stores, Inc., preference stock
Jun
Keith-Albee-Orpheum Corp., 7% preferred stock
Jun
Louisiana Power & Light Co., 1st mtge. 5s, due 1957—May
Mengel Co., 1st mtge. 4%s, due 1947
Jun
Mercantile Stores Co., Inc., preferred stock———
May
Minnesota Transfer Ry., 1st mtge. 3%%
bonds dated
;
1936
Jun
7- 1
(quar.)
Fine
Boyertown
——May 31
.
7-
$1.75
$8.75
(quar.)__
6%
1553
1
Jun
_Oct
5%
Paper Co., 1st & refunding
mortgage bonds, series A and B
$1.50
(quar.)_
Caterpillar Tractor
International
fund
A
Aviation
Borden
1
1
July 1
—May 31
1st & ref. mtge. bonds, series C, due 1956
1st & ref. mtge. bonds, series A, due 1953
preferred—
$7
Illinois Power Co.—
;
Lake
preferred
$5
Jun
mtge. 6s, due 1946
5-15
5-20
5-15
1
$40c
(s-a)
La Salle Wines &
$5
1656
Oct
July
;
5-31
$$1.50
Common
1
—
May 22
stock
$6
Manufacturing Co.—
Booth
Jun
preferred
Lake
40c
Mills, Inc., common (quar.)
preferred (quar.)_——
$iy2
3
1
July
...
Tobacco,
class
Beaunit
1654
bonds, ser. A,
—
5-31
___
Manufacturing Co.- (s-a)_
Seeling Manufacturing Co.—
$1.20
1037
1
—
6-10
5
&
Bessemer
preferred stock
(quar.
Petroleum
Barlow
»
1
...
5-22
75c
Quarterly
1653
1653
60c
6-
6-15
Co....
Corp.
Knudsen
6-20
5-20
6-
t30c
Tea
S-2
5-17
6-10
t$l,50
Co., common (quar.)_.
4%% preferred (quar.)
Kable Brothers, 6% preferred (quar.)—____
Kearney & Trecker Corp
Keystone Custodian Fund—
25c,
& Shippers Insurance..
Banque Canadienne Nationale (Montreal)—
1348
Berkshire
Hawaiian Irrigation Co., Ltd., 6 % bonds dated 1909
Hotel Taft Corp., 1st mtge. 5% bonds, due 1947
Hudson
Tack
Wares, Ltd., first mortgage 4%s, series A,
Corp.,
of Canada (quar.)
Corp., 75c preferred (s-a)—
Refining Co.,_—u——
Bankers
Jun
Grocery Store Products Co.—
<■
Collateral lien 6% bonds, due 1945
Harvill
6-15
—
(The Graybar Bldg.) 1st mtge.
gold bonds, ser. A, due 1946
Jun
1952
7-1
___
-Jun
Emporium Capwell, 1st mtge. 4% bonds, due 1952
Engineers Public Service Co., preferred stock
General Steel
6-15
Breweries
Axton-Fisher
leasehold sink, fund 5 %
Co., 5%
7- 1
20c
B/G Foods, Inc., 77o prior preferred (quar.)
,7% prior'pfd. (payment clears all arrears)
Baltimore Radio Show., Inc., common
6%
preferred
(quar.)
1755
Jun
—July
Fruehauf Trailer
Jewel
Series
6-16*
1
t$1.50
5-13
.
1
6-
tlOc
(int.)
A
com.
50c
(quar.)
Inc.
5-13
7-
25c
75c
(quar.)
62y2c
Financial
Atlas
1548
Co.
Works,
Powder
Industries, Ltd.,
preference A
5-20
15c
conv.
1
5-31
Pulley
Atlas
conv.
1
30c
(interim)
ord.
6-
6-30
1
Metal
6%
Canada,
15c
of
125c
1948
Inc.
Co.
37y2C
Astor
Intern.
of
6-1
Associated
Atlantic
Imperial Tobacco
4-25
10-
40c
preferred
6-15
1547
*
convertible
6-16
1
$1,25
(quar.)
common
75c
6-12
1651
Peanut,
5-17
5-
37%c
preference (quar.)__
International Nickel Co. of Canada
(s-a)
Metals
(Tom)
6^
5-20
Corp., conv. 3%% debs., due 1951—Jun
1
Co;, Inc., conv. 5% debs., due 1953_Jun
9
Sugar Co., 5 Mi % conv. pfd. stock—_Jun 30
Offices,
5-13*
4-29
guaranteed bonds, due 1969-July
collateral trust bonds due 1945
Eastern
5-24
1
1
ser.
tEastern Massachusetts Street Ry., 4%%
due
1
6-
prior
6-
Cudahy Packing Co.—
Conv. 4%
debentures, due 1950
1st mtge. 3%% bonds, ser. A, due 1955
6%%
of Deleware,
6-21
Dominion Gas & Electric Co.—
.
_
(monthly)—
5-10
Consolidated Textiles
I
& Socket—
15c
of America, 7'% prior preferred stock—.May 17
American
6-
$3
1
50c
1st mtge. bonds, due l952__Jun
1
Collins & Aikman Corp., 5% conv. preferred stock
May 10
Consolidated Cigar Corp., 6% % prior pfd. stock—
May 19
Cuban
6-
(St.
(quar.)„
City Light & Traction Co.,
Oil
6-15
20c
Co.
_
Co
;Canadian Pacific Ry., 5% collat. trust bonds due 1954—Jun
;Caribbean Sugar Co., 1st mortgage 7% bonds due 1941_May 16
Consolidated
Huston
Art
Series B, 3%, due 1945, 1946 and 1947—_______—,_Jun
Series C, 314due 1948 and 1949
Jun
Celanese Corp.
5-20
12l/2c
Insurance
Products
Investment
American
A, due 1965—.May
Buffalo Niagara Electric Corp., serial debentures—
;
6-
Archer-Daniels-Midland
preferred stock__________—July
Co.,
1st
6-1
1547
.
RR.
7-3
1547
bonds
1968
Creek
J30c
1650
Bangor Hydro-Electric Co., 1st mtge. 33/4S, due 1956
July
Bedford Pulp & Paper Co., Inc., 1st mtge. 5s, due 1949_Jun
Birmingham Electric Co., first and refunding mortgage
4%s,
5-22
1650
income bonds, series A—
2nd mortgage 5% income bonds, series B
Atlantic City Electric Co., $6 preferred stock
Buffalo
6-15
Co., Ltd. (irreg.)
Glass Co. (quar.)
Manufacturing, class A (quar.)
Houston Lighting & Power (monthly)
Hunt Packing Co. of Del., 67c pfd. (quar.)_
May 22
___.
mortgage 6%
Tobacco
Hobart
May 10
_—.-May 10
May 15
—
Edison Co., Inc.—
mortgage series C 4%
-Axton-Fisher
Hazel-Atlas
5-20
15c
Illinois, com.—
5% convertible preferred (quar.)_
—
$2 preference (quar.)——_
Arizona
1st
5-20
6-10
1
of Red.
6-30
3c
Canneries
6-10
—
Holdert
1
25c
25c
Ltd
6-
4334c
$1
..May 10
3%s, due Jan. 1, 1960
3%s, due Jan. 1, 1970—.
2nd
Hawaii
8
1650
■
.
4-28
May 22
:
;
preferred A
5-
.
when
Payable
75c
5-10
(quar.)———.
Corp.,
Insulator Corp.
preferred
(s-a)__
common
$1
——
Page
thare
25c
(quar.)
.1649
1
7%
Water,
Company
5-15
Co
Automobile
Louis)
HackenSack
87y2c
—
—
Inc.
Electric
Arch
5-15
preferred
:
—_
Industries,
American
1
Name ot
9
(quar.)
Harbor Plywood, $2 preferred (accum.)
Harvill Corp., 6%
preferred
—ii-,
—•
Aluminum
6-
-.—-May 22
2%s, due Jan. 1, 1950
L
(quar.)
6-
Per
of Red.
6-30
25c
7%
.
Co.
Holdert
Payable
$1.75
___
Allied
•
35c
(quar.)—
Allentown-Bethlehem Gas Co.,
Below will be found
When
thare
commofi—:
Steel,
1897
(quar.)
common
51
5-22
5-20
5-16
1
5-25
6-20
5
5-31
7-15
7-15
5-15
,
When
Name of Company
Furniture
Stromberg-Carlson Co., 6V2%
Superior
Tool
&
Die
Thrift Stores
Tidewater
Ltd., 6V2%
Roller
5-29
5-17
preferred (quar.)—
Bioch Bros. Tobacco Co., common-
United
Public
5-10
Bower
6-
1
5-10
Brandon Corp., class A
50c
5
5-19
—
Amer.,
U.
S.
Series
U.
U.
U.
B,
'
-
—•——
——
Playing Card (quar.)—
Printing & Lithograph Co.,
ferred (quar.)__„.
_
Co
Utica Knitting,
Utica
8
Buck
Buckeye
5-10
Bucyrus-Erie
6-
1
5-16
6-
1
5-16
6-r
1
5-10
6-10
5-24
6-15
5-22
6-15
5-22
6-1
5-19
5-15
4-29
7"
6-3.5
1
■
$1.75
(irreg.)
4-27
5-17
-31
$1
$150c
•15
6-
5
■10
5-
3
Will
Co.™.
Motor
&
B.)
(J.
Co.,
Wilsil,
(quar.)—.
Ltd.
Woolworth
Worumbo
Vh%
Northern
Power,
Name
5-31
5-15
5-15
6-
(interim)—
Class B
Marconi
Aero
6-10
Canadian
Wirebound
1
6-17
6-
1
5-15
Allied
Allied Stores Corp., common
&
(quar.)
6-
7
5-
6-
1
5-15
4
Payable
of Reo.
6%
preferred
6%
preferred
—
Can
_
(quar.)
_
American
7%
_
_
Co.
Envelope, 7% pfd. A
preferred (quar.)___
6-30
6-15
5-10
4-28
5-10
4-29
6-12
5-12
25c
7-20
6-30
7-
6-16
6-
1
6-
5
5-12
6-
1
5-5
6-
1
5-15
7-
1
5-15
$2
$1.50
6-15
6-
1
5-25
1
8-25
$1.75
12-
1
11-25
6-10
5-18
$1.75
6-10
5-18
15c
50c
623/2c
6-30
5-29
6-
1
5-15
6-
1
5-15
75c
6-
1
5-15
75c
______
-___
_
$2
preferred
$2.50
American
6%
(quar,)__—
—
6-12
Leather—
&
preferred
conv.
—
(quar.)—,
American Hide
67o
(special)-
(quar.)
preferred
$3 preferred
•
Corp., common
(quar.)
Metal Co.,
preferred
American News
American
Ltd., common(quar.)
(bi-monthly)
___
Radiator
&
Standard
—
7c!o
$3
Service
Co.,
common
American
Steel
Superpower,
Thread, 5%
American
6-30
6-15
5-15
4-21
20c
7-
1
6-
1
7-
1
6-
1
1st pfd. (accum.)
preferred (s-a)
Tobacco Co., common
Class B (quar.)
5
5-
6-15
5-31
5
1
5-20
7-1
5-31
6-
$1
12V2c
Arkansas
6%
Missouri
preferred
Power,
(s-a)
Chile
Armstrong Cork Co., common (interim)
47o
conv.
preferred (quar.)—,
Artloom
7%
Corp., common
preferred (quar.)
-
Orl.
New
6%
7%
2nd
Atlantic
preferred
City
Atlanta Gas
Atchison
Coast
Line
Cochenour
Willans
Cockshutt
Plow
Gold Mines,
Fe
Co.
Semi-annual
Automatic Products Corp.
Aviation Corporation
Avondale
Mills,
(quar.)
:
(quar.)
common
Fuel & Iron
Colorado
Columbia
Gas
Common
——
Barnsdall Oil Co.
1
(quar.)
Bathurst Power & Paper, class A
5%
Belding-Corticelli,
7%
preferred
common
Belding Heminway Co. (quar.)
Bensonhurst Nat'l. Bank (Bklyn.)
Best
&
Company (quar.)
Bethlehem Steel Corp.,
7%
preferred
(qu&r.j"_
preference
common
(quar.)
5-
6-
1
5-19
7-14
6-14
Freeport Sulphur, common (quar.)—
4j/2% convertible preferred (quar.)—
10-14
9-14
Fruehauf
De
Fox
(Peter)
5%
5-
9
5-12
5-
2
6-
1
5-15
9-
1
8-15
12-
1
11-15
25c
6-
1
5-15
25c
5-10
4-20
preferred (quar.)——_______—._«•
General Finance Corp., 5% pfd. A (s-a).;—
6% preferred B (s-a)
—!—«
General Foods Corp., common (quar.)-_—
5-10
4-10
General
Industries
5-15
General
Outdoor
Gamewell
-
6-
1
12-
1
11-
2
4-11
'5-15
I2V2C
6-
6-30
6
5-26
4-26
5-27
5-10
5-15
4-20
5.15
4.20
$1.25
$1.25
5-15
4-20
5-15
5-
$1
-
6-10
5-19
4-29
5-
t$1.50
6-30
'6-25
t$1.50
9-30
9-25
$$1.50
12-31
12-25
!
——
!_.
Quarterly
55c
6%
River
preferred
Power
-—
Laundries,
1
5-19
5-15
Consolidated Vultee Aircraft Corp.,
convertible
$1.25
Consumers
preferred
common-
5
40c
6-15
6-
1
5-15
5-15
4-15
5-15
4-15
5-15
5-
$3
preferred
prior
Corrugated
Cosmos
Corp.,
Paper
—
common
(quar.)_
—
Co., 7% pfd. (quar.)
Box
Imperial Mills, Ltd.
_
5-
6-30
6-16
75C
6-30
6-16
$$1.75
6-
5-
1
5
1
5-15
4-29
5-12
4-28
5-2
5-10
1
6-22
t50c
5-15
4-14
4 3 3/4 C
5-15
5-
5
2
5-
8
$1.50
Crown Drug Co.,
7% conv. preferred (quar.)
4-15
Crows Nest Pass
Coal
6-15
5-31
Crum. &
6-15
5-31
Cuban-American
6-
1
5-
8
Culver &
6-15
6-
1
6-
5-15
6-
5-15
Cuneo
6-
5-12
Curtis
Press, 43/2% preferred (quar.)
Mfg. Co. (Mo.) (irregular)
Curtis
Publishing, prior preferred
(quar.)
$$1.50
(interim)—
7-
6-
6-19
$1.37y2
Clinton
RR.
10c
preferred
(semi-annual)
Extra
$1.75
25c
$1.50
$1.75
6-
5-12
6-
5-12
$1.74
$1.123/2
6-
1
5-12
6-
1
5-
66-
5-
8
5-15
5-
5
5-25
5-10
1
5-15
8-25
8-15
5-25
5-15
11-25
11-15
■
Common
7%
7%
1
I
7-
1
6-15
1
4-29'
1
5-15
6% pfd. (quar.)
Dewey & Almy Chemical Co., com. (quar.)
Class B (quar.)—
6- 9
5-15
Diamond Match Co.,
6-
1
4-28
7-
3
5-31
■7-
3
5-31
Dodge
common
—
—!
Corporation
5-15
4-25
$1.50
6-
1
5-
8
Common
7-
1
6-
2
5%
(interim)
preferred
(quar.)
(Charles
Home
Oil
E.)
Ltd
Electrochemical,
6%
A.)
(George
Horn (A. C.)—
4-28
Huttig Sash & Door Co.,
5-15
1
9-30
9-30
12-23
12-23
$6
6-
1
5-18
6-
1
5-13
5-31
25c
6-15
25c
6-15
5-31
79c
9-
1
8-11
37j/zc -
6-
1
5-15
25c
5-19
7-
1
5-
2
6-10
Car
Co
Peanut.
(Tom)
__
Idaho
Power,
7%
4-29
6- 1
6- 1
6-1
5-10
5-155-io
5-12
4-2U
6- 1
6- 1
5-17
45c
$1.25
30c
10c
„—
pfd.
,
6-30
5-lb
b-20
75c
5-15
5- 0
$1.75
$1.75
$1-75
6-30
9-30
12-30
6-20
9-20
12 20
$1.50
68%c
pfd. (quar.)—
(quar.)—
*0c
5-2U
_
f?
4%
Imperial Chemical Industries Ltd.—
Ordinary shares (final)
Indiana Steel Products Co., common
(quar.)
$1
25c
2"
i
«"J-
^-25
^ C
5-2U
o- o
3%
7- 8
4-
12VzC
6- l
o-x»
30°
6" 1
b_ia
fc }
fc2^
■
_
—
•_
Quarterly
..
Ingersoll-Rand Co.
Inland
Steel
—
Co
•
$1-50
6- l
$16-1
Institutional Securities—
Aviation Group
,
Shares (s-a)
5-10
5-15
5-
$$4.50
6-
1
5-15
International Products Corp
$$1.25
6-
1
5-15
Int'l Rys. of Central Amer.,
(quar.)——
International Harvester, 7% pfd. (quar.)—
Int'l
Business Machines
Corp.
;
—
_
fc ?
Indianapolis Public Welfare Loan Assn—
5-15
Ltd,—
4-2y
$3 oreferred
10c
5
6- 2
5-15
5-15
8%c
preferred (quar.)—
25c
;
6-30
RR. Co.—
Lines,
Preferred
5-15
s" *
5
50c
gtd. (s-a)
Illinois Power, 5% preferred (accum.)
Illinois Zinc Co. (irregular)
Leased
5-31
$1-50
common
Illinois Central
6-1
■
preferred (quar.)_
preferred (quar.)—
7%
7 18
7-28
40c..
<
,
1
Motor
Hudson
5-15
•
(quar.)—
6% non-cum. partic. preferred (quar,)_—
Horn & Hardart Co. (N. Y.), 5% pfd. (quar.)
Houston Light & Power, com. (monthly)—_
9
7-
6-20
prior partic. pfd.
non-cum.
6-
8-15
5-16
6-30
—
5-
11-15
5-26
<13C
30c
common.——
Huston
1
4-25
$1-06V*
Co.,
&
(quar.)
preferred
5-15
1
5-ib
(quar.)—
(quar.)
$4.25 preferred
Hormel
common
1
1
4-25
5-25
<—-
6-
7-
5- 4
5-15
_______
———
Hussman-Ligonier, 5xk%
9-
5-15
75c
$1
15c
(quar.)—
(quar.)
Co.
6-
12-
5-15
4-27.
Monthly
1
9
6-1
5-15
Monthly
Hooker
.
$1.12'/2
50c
50c
•
$1.50
conv.
7-
62yzc
(quar.)
Dodge Manufacturing Corp. (quar.)
Dominion & Anglo Investment Corp.
$1.75
—
6% partic. pfd. (s-a)__
(quar.)
Co.,
5- 9
5-11
7- 6
$1.50
preferred (quar.)
——
Hibbard, Spencer, Bartlett & Co. (monthly)$4
75c
SOc
-
6-
Cup
common
Hummel-Ross Fibre Corp., 6%
$1.75
6-
Class A
Hercules
Hershey Chocolate Corp.,
6-
$1.75
$$1.50
Dixie
f-15
5-15
5-1&
e-.i
6- 1
■
Pineapple Ltd.—————
Powder, 6% preferred (quar.).
5-10
75c
(quar.)
Common
«- }
6- 1
6-1
7-20
——
pfd. (quar.)— _
1st pfd, (accum.)
4V2%
6%
Util.
&
Elec.
6-15
$1.75
(quar.)
preferred
5-10
5-19
5-1
5-ib
0-10
5- 8
JSC
Chemical.
Harshaw
Havana
Hawaiian
5-31
75c
preferred
%';£■
25c
^
(quar.)——
preferred
7%
-
(quar.)
5-15
6%
75c
—
(quar.)
4-24
9-25
12-23
5-12
6- 1
6- 1
5-15
6- 1
$1.25
(quar.)— _
———
50C
(quar.)
(quar.)
(quar.)
1
Co., $5 preferred
(quar.)
40C
Rayon, Class A (irregular).
5-10
A.")
(M.
Common
7%
■
Dentist's Supply Co. of New York—
Common
!:____-
$1.12 y2
Detroit Gasket & Mfg.,
Delaware
preferred
-
—-
a-ra
6-24
6- 1
u- 1
6- 1
l°c
30c
ioc
—
—
Extra
Hanna
6-1
50c
$1-59
25c
+5c
t223/2c
$1.50
75c
50c
(quar.)
class A
5-^5
4-28
7- 1
10- 2,
1-2-45
6-1
;
35c
7% preferred (quar.)
Derby Oil & Refining—
*
$4 conv. preferred (accum.)—
Co., 7%
6-30
10c
5y2%
Sugar,
6-30
10c
Port
$2
preferred (quar.)_
Extra
&
5-20
50c
5-
Forster, 8%
$D75
$1.75
(quar.)
(auar )
B
5-15
5-15
5-15
34%c
$1.75
—
Extra
Hires
4-15
Deere
25c
.
(quar.)
Ltd.
4-28
6-
15c
(irregular)—
Crown Cork & Seal.
5-19
,
$30c
(quar.)
Coty, Inc.
Crompton & Knowles Loom Works—
preferred
5
1
5-31
25C
Container Corp. of America
Cooper-Bessemer
50c
150c
31V4c
(quar.)
(quar.)—
Ltd.
Glass,
_
preferred (quar.)
Ltd. (quar.)
Hamilton Cotton, Ltd. (quar.)__—:
Hamilton Watch Co., 6% pfd. (quar.)_____
Hammond Instrument, 6% preferred (quar.)
Class
5-
5-15
5-19
5- 5
s
Harbison-Walker Refractories Co.—
——
5-15
40c
6-
$1.95
50c
(irregular)-
(initial s-a)—_
5-15
1
5
5-15
20c
Inc.—
15c
6-30
5-
1 L
50C
com.
Common
6%
5-
1
6-
6- 1
6- 9
_
common__—___——
Stores
-
.
preferred (quar.)
Hancock Oil Co.,
preferred
Consolidated
5-11
6-30
6-
56>/4C
Consolidated Natural Gas—
1
5-15
5
$1.50
—
6 Vz %
of New York
6-
$1
5-
Co.—
(quar.)
Cigar,
1
60c
—
6-
5- 1
5t. 1
4-15,
5-19
o-29
tl5c
25c
9°c
(quar.)
preferred
Brothers
5-15
5-15
5-15
6-10
6-10
$L75
25c
preferred (quar.)
7% preferred (quar.)
Hale
4-28
5- 5
$25c
5c
25c
7%
Corp.,
5-15
5-15
'
'
Western Brewery—
Griggs Cooper & Co., 7%
6%
5-25
_
(quar.)
—
Dock (quay.)
preferred
Hajoca
5-:l;
5-12
$1
$1.50
Great Lakes Dredge &
conv.
5-29
5-20
5-20
5- 5
Advertising—
participating class A
——
preferred (quar.)_________——____
General Steel Wares, Ltd., com. (interim)__
Goebel Brewing Co. (quar.)
!__
Golden Cycle Corp. (quar.)_
—
Granby Consolidated Mining Smelting &
Power Co., Ltd.
(s-a)__
—
Grand Uriion Co.
(irregular)—:—
G rat on & Knight, $1.80 prior pfd.
(s-a)—
bVi%
5-16
6-1
30c
40c
10c
6%
■
6-.1
6-1
5-15
5-10
5-10.;
!______.
$4
Griesedieck
6-,l
6- L
6-1
5-15
5-15
6-15
6- 1
5-25
$1.75
25c
Hallnor Mines,
(quar.).
—!
$2.40 preferred (quar.)—
Connecticut Power Co. (quar.)—
Connecticut
1*
& Power—
preferred
Consolidated
6-
$1.25
__________
(irregular)
.*
6-15
6-15
6- 1
6- 1
$1
,.10c
25c
L_—
i
Industries—
7%
7%
1
(increased)'.
Co.
Wood
General Cigar Co., common——
5-15
$2.20
Trailer, common (quar.)
——
convertible preferred (quar.)..——
9-15
5-29
6- 1
6-15
s
25c V
50c
$1.12V2
40c
$1.12Va
5-27
6-15
6-17
12y2c
25c
of Michigan
(quar.)
5-26
1
Connecticut Light
Brewing Co.
Brewing Co.
Extra
5
5-15
Quarterly
Luxe
5-15
5-15
5- 5
5-27
7- 1
10- 2
6-10
6-15
6-15
2V2c
5-15
Fox
5-15
6-17
12V2c
—
4-30
5-15
Common
20c
(quar.)
Preferred
5-20
5.10
50c
6-24
„
-
6-23
6-30
6- 1
" 6- 1
6- 1
5-15
15c
873/2c
$1.75
25c
$25c
$25c
37'/2c
37'/2c
50c
7% preferred.—__.—
7% preferred A (quar.)
Foote Bros. Gear & Machine, common
Ford Motor Co. of Canada/Class A—____
Class B _____^
!
Foster Wheeler, 6% prior pfd. (quar.)
6% prior preferred (quar.)
Four Wheel Auto Drive Co., com. (irreg.) __
Fox De Luxe Brewing Co. of IndianaCorp.,
1
75c
6
5
Co;.Stores (quar.)—___\
H.)
5-10
68 %C
(quar.)
Telephone, $5 pfd. (quar.)_
preferred (accum.)—
(special)—.
Confederation Life Assurance (Toronto)—
7-
5-15
(M.
Power
5-25
7%
6-24
$$1 75
5-25
Nast. Publications
6
$$1.00
_
5-15
'
$1.50
—
Commonwealth
Conde
7-
$25c
(quar.)
(quar.)
5-17
Corp.—
(quar.)_
$2.75
75c
15c
5-15
4-28
$3
7c
—I
1
25c
(quar.)
$$2.50
Bank of Montreal (quar.)
Bank of Toronto (quar.)__
5-15
1
6-
5-10
$1.06 V*
Corp.
Electric
&
preferred
5-10
6-
1
6-
$25c
(quar.)
common
preferred series A (quar.)
5%
5-10
7c
;
6-10
Florida
20c
$1.00
$iy4
—
pfd. (quar.)
Steamships (irreg.)
$4.25
Colonial
1
1
3
$25c
-—
Common
non-cum.
preferred (s-a)
Corporation, 6% preferred
Aunor Gold Mines
(quar.)—,
7-
Fishman
.
—:
$iy4
(s-a)
Colgate-Pfelmolive-Peet Co.,
1
RR.—
5 %
Atlas
1
Gar
Ltd
10c
-
4-15
6-20
5-15
5-15
5-15
(s-a) V
$iy4
——
$5c
Electric, $6 preferred
Light, 4Vs% pfd. (quar.)
Topeka & Santa
Atlantic
—.-
5-
1
Ry.—
5% preferred (quar.)_——
5% preferred (quar.)—
5% preferred (quar.)
Clearing Machine Corp.
Coca-Cola Bottling Co. of St. Louis
10c
(quar.)
1
6-
——
J3c
Pacific
Texas
$2.50
75c
Dry Goods Corp., common
1st preferred
(quar.)
(s-a)
7-10
6- 2
4-29
4-21
4-15
7-15
$2'
$1
(Jersey City).—
J.
50c
&
$1.50
Associated
Philadelphia
20c
(increased)—
Company
$1
10c
-
of
First National Bank of N.
25c
——
*
Copper Co
6-
1
Association
Firemen's Insurance Co. (Newark, N. J.)
25c
Chickasha
6-
25c
$1.50
6-
8-11
6- 5
8-15
6-15
25c
!___—
25c
—
25c
(irregj-
common
4
6-16
9-16
6-10
6-10
$1.75
(quar.)
Corp.;—
Enamel
Fidelity-Philadelphia Trust Co. (quar.)i
Quarterly
5-
7- 1
10- 1
6-30
6-30
*
50C
—
5-15
—
5- A
preferred
Ferro
(increased).
20c
(trregular)
Cab (quar.)
Cotton Oil (quar.)——
$5c
(interim)—
1
5-15
5-15
6- 1
6-28
5-29
10- 1
6-30
9-30
12-30
9- 1
Cleaning & Dyeing—
25c
Chesapeake Corp. of Virginia
30c
Argo
6-
7%
$1.75
*-•.
Chicago Yellow
$2.25
(s-a)
5-15
6-
75c
—
1
1
75c
(quar.)
Amoskeag Co., common (s-a)
$43/2 preferred (s-a)
Anglo-Canadian Oil, Ltd.
Oil Corp. (s-a)
5-
5-31
50c
50c
com
7-
1
—
5-15
(quar.)
preferred
5-22
20c
-
Common
Ampco Metal,
5-26
1
6-
5-15
(initial)
American
American
5
27 82/lOOc
—
(participating)
Smelting & Refining Co.,
American
5-
50c
preferred
Foundries
5-19
50c.
Rolling Mill Co.—;
American Safety Razor
4-29
6-
Consolidated Edison Co.
$1.75
(N.Y.)__
American
American
5-19
Sanitary—
(quar.)___—
Re-Insurance
1
1
5-15
10c
preferred
1
6-
30c
Common
American
6-
6-
25c
$1.50
—
——
Co.
6-20
1
6-
Concord Gas,
American
American General
7-25
(s-a)
(Canada)
6-141
6-14 ,■
5-15
5-17
8-17,
11-16
5- 5 /
5-15
6- 8
5-15
9-16
6-15
9-15
12-15.
12- 1
25c
75c
$$1.50
30c
(s-a)
Insurance
Fenton United
6-
$1
convertible preferred (quar.)
Columbian Carbon Co.
(quar.)
9-
preferred
Federal Fire
Federal-Mogul Corp.
Columbia Pictures Corp.—
$1.50
preferred- (quar.)
& Foreign Power Co. Inc.—
$6 preferred (accum.)
:
$7 preferred (accum.)
5%
5-24
5-
7-15
7- 1
7- 1
7- 1
6- 1
6- 1
$2.50
$2.50
(quar.)_____
common
6-20
5-19.
5-15
6- 3
5-17*
6-30*
6-30?*
6-14,-
(Syracuse,
:
Federal Bake Shops,
5-10
5-25
.5- 5
7-15
—
(quar.)___
6-20
$1.50
4-20*
$1.75
_____
4-30
Y.)
Quarterly
8
1
—
(initial)
Goods, common
(initial s-a)t—
1st preferred
7-15
(quar.)
6%
$1.
$1.75
(quar.)
7%
1
6-24
5-12
75c
(accum.)
American
6-12
20c
'
5-15
1
Cincinnati
75c
v
.____
4-30
Signal Co
Century Ribbon Mills, 7% preferred (quar.)_
1
75c
Aluminum, Ltd., common (quar.
6% preferred (quar.)__
Amalgamated Leather Cos. Inc.— •'
5-15
6-
Co., 5% conv. pfd. (quar.)
Central Ohio Light & Power, $6 pfd.
25c
4-29
$1.25
Central Foundry
7%
N.
5-15
6-
t25c
Watch
Ely & Walker Dry
4-29
25c
Central Railway
$1.25
1
50c
.
6-
Holdert
,
5-20
5-15
$37V2c
—
5-19
10c
$5
15c
___
5-18
4-29
t4c
_!
'.
1
When
___
1
25c
Class B
Co.,
2
Per
_■__!
3
1
6-
5-15
$25c
7-
thare
(quar.)
5% preferred (quar.)
Alpha Portland Cement
5-
6-
6-
—
(quar.)__
___
$75c
(quar.)--—.
6-
Companies
Packers Assn. (irregular)
Laboratories; Inc—
.Alaska
5
3
$15c
Boxes, class A (accum.)
Ltd.
$25c
!_
5-
5-
Investment Trust—
25c
(J. D.) Manufacturing (quar.)
Supply Mfg. Co., class B_!
5
National
Elgin
Fire
Co.———_———
$1
Adams
6-
6-1
6-
Ltd.
—_
tl5c
(quar.)
(accum.)————
preferred
5%
Canadian
$2 Class A (quar.)
Castle (A. M.) & Co.
_
4-22
$85c
———___,—-—
International
Canadian
Carman
of Company
8
$$1.75
—
5
(quar.)
5-
$$1.25
—
5-15
Chilton
Steel Co.
(quar.)—
common
Chambersburg Engineering Co.
Acme
5-20
373/2C
(quar.)
(interim).
Class A
5
■
6-13
5-15
1
62V2C
(quar.)—
pfd. A
(quar.)—!
Ltd.—
preferred
5-
•
1
5-25
6-
37!/2c
b%
5-10
Miscellaneous
6-13
Canadian Industrial Alcohol—
paid. The list does not include divi¬
dends announced this week, these being given in the
preceding table.
and
1
Canada
7%
weeks and not yet
Industrial
5-19
7-
Canadian Bakeries,
5-16
give the dividends announced in previous
we
6-15
37VzC
Chain Belt Co
Below
5-1
10c
5-15
1
5-31
3%
$1.75
5-15
25c
5-
(accum.)__
1
5
tl5c
5-15
—
65-
2%%
preferred B (quar.)!
Dry Ginger Ale
6%
3
5-31
25c
.
...
Products,
Farmers & Traders Life Insurance
4-20
Canada
5-15
(quar.)—
preferred
1
California Packing Corp. common
5%
preferred (quar.)—
—
(quar.)
Bradstreet, Inc.
Steel
(irreg.)
5-15*
4-20
5-20
7-
&
.'.
(quar.)
common
4-14
4-27
5-20
37V2C
common
5-20
"
6-1
6-20
5-15
7- 1
6-10
6- 1
6-19
6- 1
25c
25c
70c
6% 2nd preferred (initial S-a)—.—— '
60c
Engineers Public Service, $5 pfd. (quar,)—_
$1.25
$5.50 preferred (quar.)
$1.37V2
$6 preferred (quar.)_
$1.50
Equity Corp., $3 conv. preferred (accum.) __
75c
Erie RR, $5 preferred A (quar.)
$1.25
$5 preferred A (quar.)_
$1.25
$5 preferred A (quar.)____
$1.25
Eureka Vacuum Cleaner_______
12V2C
Faber Coe & Gregg, common (quar.)___50c
Falconbridge Nickel Mines (interim)
"
$7J/2C
Falstaff Brewing Corp., common (quar.)__^_
15c
6% preferred (semi-annual)__________—
3c
Fansteel Metallurgical Corp., $5 pfd. (quar.)
$1.25
$5 preferred (quar.)!
$1.25
$5 preferred
(quar.)
$1.25
6-15
Ltd.—
Power,
5-15
(F. W.) & Co., Ltd. 6% pfd. (s-a)
Mfg.,
Electric
10c
——
Co.
Governor
__—
(s-a)
pieference
Co.——
preferred (quar.)_.
Wilkes-Barre Lace Manufacturing
Woodward
53/z%
25c
25c
75c
Eastern
7-
Ltd.
Stores
preferred (quar.)-
Dun
1
15c
—_—i-.;
(Holding)
& Wireless
Cable
6%
9
6-23
25c
—
(quar.)—
common
common—
6- 1
'
,
t75c
JlOc
15c
75c
37V2c
(accum.)
Corporation,
5-
J5c
convertible preferred (quar.).—
5%
Canadian Oil Co.,
Co.———...
Candle
Baumer
Williams
Brothers,
Butler
preferred
6-20
20c
Byers (A.M.) Co. (initial)
"4-29
4-29
t87V2c
(quar.)
preferred
5-15
$1.75
Machine Co.
Adding
6-15
;—25c
—
6-
7%
5%
6-30
2c
5-15
1
6-
White
Buffalo
5-17
Dominion-Scottish Investments—
15c
$1.25
—
5-16
6-
—
Dravo
20c
Mfg., $5 prior pfd. (quar.) —
Ankerite Gold Mines
(interim).—
1
$1.75
50c
40c
4'/2% preferred (quar.)—_______—
$1.12'/a
Washington Railway & Electric Co———.* :$9
Participating units..
___.
22V2c
Wheeling Electric, 6%
preferred———$1.50
Co., common.———
—
7 fc 1st preferred'(quar.)———_____
Vick Chemical Co. (quar.)————-—
Walgreen Co., common (quar.)———
Dominion
5-15
12]/2c
—
6-12
50c
Raalte
4-28
__
partic. preferred (quar.)_
Canadian Breweries, $3.40 conv. pfd.
6-
Van
22
51
5-20
5-25
t25c
(E. G.)
California Water Service, 6%
$1.50
Mills
6-15
5-26
9
5-15
$1.75
Byron Jackson Co
6-
—
Cotton
Budd
Burroughs
1
1
15c
Line Co—-,
Co., common7% preferred (quar.)—
Buell Die & Machine (quar.)—
5-15
1
1
4-29
6-
$1
——,
Pipe
1
prior pfd.
—-——
Falls
6-
50c
67o
Hills
6-
7-
common—————
Mohawk
&
5-
Oil, Ltd. (quar.)
Co. Inc. (quar.)—;—.
(quar.)
Brooklyn Edison
5-15 1
California
—
Pictures Co
Universal
8
62J/2c
pfd. (quar.).
American
5-
pre¬
-*—
——_
Universal Winding, 7%
British
6-1
5-15
3c
50c
*
6-26
5-15
J50c
Ltd——
Vancouver,
5-29
22'/ac
6-30
tlOC
of
Distillers
&
6-15
$1.50
$1.37ya
—
Paper Factories,
Wall
(quar.)
Brewers
25c
—
5%
S.
United
5
75c
—
S.
S. Rubber
5
6-
25c
$2.75
S.
6-
6-15
,
of Rec.
Envelope & Carton—
50c
—
Holdert
5-23
Engineering Works
Dominion
$1.50
—_—
—
(accum.)
6-15
Corp.—
Utilities
Bearing-
Roller
Dominion
16c
Braniff Airways Inc. (quar.)——
Brazilian Traction Light & Power (interim)-
$1.25
common
preferred
(accuni.)
preferred
(accum.)——
Casualty Co., 45c conv pfd. (s-a)—!.
Elec. Light & Power Shares-
$3
1
6-
1
$1
Rubber—
&
5-
5-10
40c
——
(resumed)-.—
Coal
Electric
Woven Hose
6-
(quar.)—.———.
United Chemical, $3 partic, pfd. (quar.)—
United
Boston
Boston
5-15
5-15
50C
6
5-15
5-
When
Payable
t30c
t$2
(quar.)^__—
Co.
$1.50
(quar.)
1st preferred (accum.)(interim)
Fund, Inc. (quar.)
Company
5c
1
6-
Dominion Bridge
75c
C.), 7%
(H.
5-19 -
30c
preferred
—
(accum.)
preferred
United
Borden
7-15
(quar.)_L
of
Co.
5-15
—
_
___
(initial)
Biscuit
6%
1
6-
50c
$3c
$$3.25
15c
_.
Bearing-.
common
5-15
5-17
6-
20c
$0.61111
7%
preferred
—$1.46
Troy & Greenbush RR. Association (s-a) —.
$1.75
Tyer Rubber, common—.
r*——
50c
6% preferred (quar.)————$1.50
Union Tank Car Co.
(quar.)—.
——
50c
United Air Lines, Inc.,-4&% pfd. (quar.)—
$1.12 to
Co.,
preferred
1
5-27
Name of Company
of Reo,
5-29
I2V2C
—
Per
thare
Holdert
When
Payable
$3
Bohack
(quar.)—,
_
Timken
Blauner's, Inc., common
10c
pfd.
Oil
Associated
Extra
5-17
Ltd.—
Dep. certificates (quar.)
Sylvanite Gold Mines (quar„)
U.
_X
5-29
$1.62Va
pfd. (quar.)__
.
Swift International Co.,
5%
Name of Company
of Reo.
12'/2c
(quar.)
Extra
5 r/o
Per
thare
Holdert
12'/2C
Storkline
Trion
Payable
thare
Monday, May 8, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1898
—-
5% pfd. (accum.)
30c
$1.50
Z
23c
$1.25
5-^8
5-12
?n
.
6- l
6-io
fc
i
6-
5-15
5-2.J
r.is
-
5- a
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
Volume 159
Per
International
Silver
When
share
Name of Company
payable
Corp. (quar.)—
Iron Fireman Mfg.
(quar.)
; Quarterly
,L
—
preferred
6%
1st
Jantzen
preferred
(quar.)
:
Telephone, 6% preferred (quar.)
—
Knitting Mills,
5%
(quar.)—
pfd.
Mobile
6-
5-19
Mohawk
9-
8-10
Monsanto
12-
11-10
-—1~:
K W Battery Co. (quar.).
Kalamazoo Allegan & Grand Rapids RR. (s-a)
Kalamazoo Stove & Furnace—.
—-a—
Vegetable Parchment Co.
!,
'(Quarterly
'Quarterly
;
Kaufinann
Department
Keith-Albee-Orpheum, 7%
Kendall Co., $6
—'
:
pfd,_„preferred———
5%
Stores,
partic. pfd.
class A
Participating
(quar.)_
—-—--
Kentucky Utilities Co.—
junior preferred (quar.)
——
Kinney (G. R.) Co., $5 prior pfd. (accum.)
Carpet
Chemical
5-15
5-
$3
10-
1
9-15
5-
1
4-17
6-15
9-
12-
5
Mountain
Fuel
(Utah)
Supply
Mountain Producers
Munson Line,
6-15
Muskegon Motor Specialties,
6-
1
1
5-10
5-
Mutual
Chemical
Co.
National' Automotive
1
7-18
Lamaque
Gold Mines, Ltd. (interim)—$7c
Machine, commori (quar.)
i
25c
(quar.)
25c
Common
(quar.)
25c
7% preferred (quar.U__
$1.75
■:7% preferred (quar.)_
—a—'
$1.75
;'7% preferred (quar.)
$1.75
Lansing Co. (quar.)
'
30c
6-
1
4-30
Landis
5-15
5-
8-15
8-
11-15
11-
6-15
6-
9-15
6-
5-
7-
(quar,;—
common
—u
"I 4% preferred (quar.)——————Ltd. (quar.)_
—a_
Libbey-Oweris-Ford
New
York
&
5-26
5-
2
1
25c
25c
5-12
50c
75c
1
5-
(quar.)—
6-
1
75c
1
30c
8-
1
7-26
—a———
6-
Automobile
:
1
Quarterly
'Quarterly
—
Lindsay Light & Chemical———
Link
Belt
Co.,
preferred (quar.)
Liquid Carbonic Corp., common (quar.)
4,/a% preferred A (quar.)
Little
Miami
Special
RR.,'special stock (quar.)
stock
original
original
stock
$3.30
original
stock
Loblaw Groceterias,
Extra
'.Class
—
B
Extra
"
l
9-
9
9-
9
8-25
12-
9
11-25
.a
—
Long Bell Lumber
(Missouri)
(resumed)
(initial).-
.
5%
preferred
5%
.
—
—
Tobacco
Lord &
Taylor,
Lukens
Steel
6%
6-20
t<
5-12
1
5-
6 V2 %.
6y2%
Lynch
preferred (quar.)
preferred (quar.)
Corporation
preferred
50c
—
——
Magnin
Gold
6%
preferred
$6
Stores
Corporation,
preferred A
:
,
preferred
6%
(
preferred
6%
6Va %
Extra
•
,8%
preferred
4-29
Ontario
6-10
5-15
Otis' Elevator,
5-15
4-29
5V2%
62y2c
7-
6-15
6%
Pacific
6-
1
9-
1
6- 5
6-1
30c
9-
5
9-
1
Peninsular
50c
6-15
6-
L
Peninsular
$1.75
5-15
4-29
5-15
5-1
6-
15c
5-15
:
—
1
25c
(s-a)
.
5-15
5-5
10c,
6-10
5-20
5c
—■
6-10
5-20
40c
a
(s-a)
6-
20c
—
6-15
$3
(s-a)—-
(s-a)
preferred series B
preferred
1
$6.50
conv.
(irregular)
(quar.)a
series C
Power
preferred
$5.50
7-
1
5-
1
5-22
1
Common
$1V4
6-
2
V.t.e.
9-2
Phillips
$1.00
(accum.)
6-
1
5-20
$1.07
a
6-
1
5-20
Co.—•
5-15
5-
5
5-
5
6-
.
8-
7
5- 1
1
5-25
5-10
25c
Securities
Co.
Acceptance,
75c
—
Pulp Co., common
preferred (quar.)—
4-29
4-29
4-15
4-29
10c
6-15
5-25
$1.50
—
5-10
30c
a
5-15
5-10
5-25
5-25
5-15
5-31
5-15
-4-29
5-15
10c
5- 8
4-24
5-15
4-20
(quar.)—87VzC
5% pfd. (quar.)
3iyic
6%
preferred (quar.)—;
37 '/2c
Southern Canada Power, common (quar.)_,
$20c
6-15
6- 1
6- 1
5-15
5-20
5-15
$1.12y2
40c
$1.12y2
6-15
9-15
7-14
6- 1
5-20
10-16
6-15
5-15
6-15
6-15
6-30
6-15
371/2 C
5-15
4-29
5%
non-cum.
5-15
4-29
5%
non-cum.
t25c
7-
1
5-26
Southwestern Life Insurance
6-
1
4-27
Southwestern
6-30
6-15
Sovereign
5-15
5-
68 %c
5-16
$1.50
5-23
5-
15c
5-10
4-20
(California
Southern
6%
Co.
Edison
preferred series
Southern
1
(quar.),-—
B
California Water,
5-15
5-15
4-20
Railway Co.—
Spalding
preferred
preferred
$1.25
$1.25
35c
(quar.)
(quar.j
—
(Dallas)
(quar.)
Public Service, com. (quar.)—
25c
J
Investors, Inc
(A. G.) & Bros.,
preferred
1st
10c
$1
Spiegel, Inc., $4.50 conv. preferred (quar.)__
Water
Stamford
(quar.)
——
Standard Brands, $4,50 preferred (quar.)—
Common
5-10
4-20
t25c
5-15
4-15
Standard
5-15
4-15
$1.60
(quar.j
8-15
7-12
5-15
4-29
10-
6
6-
1
5-
5
6-
1
25c
6-15
5-15
40c
50c
6- 1
7- 1
6-20
40c
10c
50c
6- 1
5-15
5-20
6- 1
5-19
80c
3iy4c
$1.25
$1.25
$1.25
25c
25c
25c
6-15
5-15
6-30
9-30
.12-30
5-15
6- 1
6- 1
$1.50
6- 1
3iy4c
37y2c
10c
25c
10c
37y2c
50c
50c
50c
5-15
5-25
6-15
5-17
6- 1
6- 1
6- 1
9- 1
12- 1
20c
40c
tlOc
5-15
5-15
6- 1
4-15
25c
6- 1
5-11
30c
90c
7-15
5-15
6- 1
5-15
6-15
6-15
5-22
7-
Cap & Seal—
conv.
(quar.)
preferred
Standard-Coosa-Thatcher
Standard
—
(quar.)
Dredging Corp., $1.60 pfd.
Silica (irregular)
(quar.)
$1.25
5-15
preferred (quar.)
6-
1
15C
(accum.)
5-
9
31c
5-15
4-30
5-
1
34%c
5-15
4-30
—.
371/2 c
5-15
4-30
—
$1.25
5-12
5-
75c
—.
5-15
4-20
5
25c
(quar.)
—
—
6-
1
5-20
$1,371/2
common
6-
1
5-20
10c
5-15
4-25
50c
7-
1
6-15
50c
(quar.)——
10-
1
9-15
50c
—
—
—
-a-
(quar.)-^.
1-1-45
35c
5-15
o5c
8-15
8-
5
35C
11-15
11-
4
35c
—-a—
;
2-15-43
2-5-45
5-15
4-14
12-15
5-
5
—
5%
5%
Stein
preferred
preferred
preferred
(A.)
&
Co.
(s-a)
6%
prior preferred A
Wells
Struthers
Sullivan
5-15
4%
6%
2nd
(final)
—
pfd. (quar.)—
(irregular)
common—
.
(quar.)
preferred
—■
Syracuse
—
Transit Corp., common (irregular)
$1
7-15
Common
(irregular)
—
(irregular)
—a
6-21
Electric
Tampa
10-21
9-30
Texas
10-21
9-30
Texas
1
Pacific
Water
preferred (s-a)
Co
Mines
Gold
Coal
Co.,
&
6%.
Oil
(interim)
(s-a)
preferred (quar.)
pfd. (quar.)preferred (s-a)—,
Thatcher Manufacturing, $3.60
50c
6-
5-29
5-10
Thermatomic
5-29
5-10
Thompson
(John R.) Co
Products,
71/2%
;
(quar.)
Co.
Thompson
(quar.)
—
preferred (quar.)
Talon, Inc., 4%
5-24
4-11
5-20
5-
5-
5
Co.—
Pitney-Bowes Postage Meter Co.
—-—
$iy4
Corp.,
Machinery
Sunray Oil Corp
Swan Finch Oil,
25c
Extra
—
—_—-
Special
Strawbridge & Clothier—
25C
(quar.)
(quar.)-—_—
pfd. (quar.)
(quar.)
(quar.)
(quar.)_
Stewart-Warner Corp.
50c
-a,—
:—
Stecher-Traung Lithograph, 5%
50C
partic. preferred (s-a)
Petroleum Co. (quar.)
(irregular)
Irregular
Stanley Works, 5%
Teck-Hughes
for
Co.
Common
—
27c
Co.
4-29
5- 6
5-10
$1.75
(reduced)
Stoker
(quar.)
common
5-15
5- 6
5-15
5-
5
Wholesale Phosphate & Acid Wks.—
(quar.)
5%
4-29
.
40c
Platinum—
&
1
1
6-10
6-1
37Vic
Gold
7-
5-24
7- 3
/5-15
62y2c
15c
15c
Works
5-20
5-
5-12
4-19
62y2c
Co.—
Soundview
1
1
6^ 1
25c
—
Lathe
6-10
6-10
75c
$1.25
—_
6-
6-20
4
$$1.75
——
preferred
Southern American
6-
5-
5-25
25c
t22c
(quar.)—a——
Standard
(quar.)_—a.
Mills
37^c
—
5-20
6
7-20*
5-31
;
5-
•A —
5-15
5
7- 1
7-1
6-15
preferred (quar.)
1
1
8-1
8- 1
7-20*'
Canada—
of
Co.
6-
c
5-29*
—10c
common—
5-10
871/2
6-12
5-19
—
Bend
5
5-15
5-10
(quar.)_.
Silex Company (reduced)
Sinclair Oil Corp. (quar.)
;
Sioux City Gas & Electric, common
7% preferred (quar.)a———.—-———
6%
1
-20
6-10
Co., common (quar.)——
preferred AAA (quar.i
Signode Steel Strapping, common—.
South
1
75c
(quar.)_
preferred (quar,)—a—a—
Brothers, Inc. (quar.)
Aircraft
6-
6-14
Seeman
Solar
5-15
•
—50c
Lace^.
Sears Roebuck &
$2.50
5
5-15
$1
—,
Standard
(quar.)
Pinchin, Johnson &
(quar.)__
$1.50
1
5-10
$4.50 preferred (quar.)a-——a—$l,12y2
Dillon
(irregular)—
a——
15c
5-15
25c
5-15
45c
Standard
(irregular)—:
& Reel,
American shares
$1.62Vz
9-11
5-15
6- 1
50c
(quar.)
5-24
preferred
Pillsbury. Flour
(quar.)
Implement
7-
6-
6- 1
,
25c
common—
corp.,
9-15
Philadelphia Transportation Co.—
$1 participating preferred (s-a)_
9-12
Boara
4-29
Peoples.Gas Light & Coke—
6-12
,
$1,621/2
1
6-15
■
common
6-20
5-15
5-15
Wali
Paper Co.,
5-15
6-25
6-15
25c
6-10
Pennsylvania-Central Airlines Corp,—
6-15
.
1
5
5-15
4-29
.
10-15
(quar.)—
$1.40 class A (quar.)
$1,40 class A (quar.)—
Ltd..
7-
3
5-
6- 1
5-16
50c
class A
Penmans,
75c
6-
6-12
6- 1
Corp.—a_———-—25c
Distillers Corp..—-—-a—
50c
Scranton
5-12
5-15
6-15
5%
1
9-15
15c
Sherwin-Williams
7-
6-15
10- 1
6-15
t20c
Grinding Wheel
Telephone, common
(quar.)
class A
5-12
4-25
7- 1
5-29
participating preferred
6%
4-25
5-15
Scotten
5
5
12-21
5-15
62 Vac
$1.50
Insurance
$1.40
5
55-
12-30
(quar.)
common-——
(quar.j
Common
37Vic
25c
-
Co.
Lighting Corp.
preferred
5-
5-25
5-25 1
20c
(quar.)
Parkersburg Rig
4c
-
prior, preferred, (irregular)—:
4V4%
•Pacific
$1.40
-$1.62J/2
•Minneaqolis-Honeywell Regulator Co.—
4eo
Fire
6- 5
9-
5-25
18c
$ S3
(s-a)—.
preferred
preferred
15c
6-20
9-20
+$1.50
t$1.50
25c
—a,
——-—
Products
preferred
5
6-30
9-30
Arms
t$1.75
(interim)——
(quar.)
& Electric,
Gas
—
——
Aircraft, Ltd.,
(quar.)__
*
common
Minneapolis-Moline
common
Pacific
5-
5
12V2C
I2V2C
12V2c
10c
15c
(irregular)——a_
Quebec Railway
5-15
30c
Miller & Hart, $1 prior pfd.
$1
5-10
1
—
Co.,
Ontario
25c
Corp. (irregular)_,
Midland Grocery, 6% preferred
Oil
3
6-
West
Midwest
4
$1.37Vi
37y2c
5-25
5-
25c
59%c
5-11
$5
15c
5-15
68%c
—
35c
a—_—
8-
Glass
5
5
7-15
J15c
a—aa_—-"
$$1.75
(quar.)
11-
Clay
55-
7-15
8-
25c
$4 preferred
5
5-25
5-25
8-
i5c
class A———.—
__——
Southern
1
Paper,
5-
;
$2
7-15
15c
15c
.
a
common
71/2C
common——
Steel Products, com.
preferred (quar.)
6-10
(quar.)
Products
Public Service,
B
Schumacher
Scott
1
2
6-10
common--———
$1.75
8-15
Owens-Illinois
5-25-
10c
Steel
Louis
Schenley
5
Co.—
11-15
Pacific
5-
Co.,
I21/2C
Equipment
Oxford
5-25
$1
Olympia Brewing Co., common (irregular)
6% non-cum. preferred (irregular)-
5-15
39c
25c
5
5-19
5
Safeway
Savage
1
8-
5-10
$2.50 convertible preferred (quar.)
5
5-
50c
————
5-15
5
5-
5-25
6-20
5-
Car &
5-
5-25
1
5-15
preferred
5-25
20c
5-25
Oliver
&
5
6-10
4-27
7%
5-
8-
—
Farm
5-25
1
(initial)——a—
A
5
7
5-27
preferred
1
—
Rustless Iron & Steel Corp.,
5
7-
Preferred
6%
:
Ruud
5
5-
6-10
4%%
Ottawa
(irregular)
5
5-
8-
Gas,
9
Mid-Continental Petroleum
Middle
Natural
Oklahoma
5-15
„
Manufacturing
5-
5-
5-
11-
7-
—
5-25
Class
1
9-
——$1,25
25c
(quar.)
5-25
16c
(initial)-—
B
Pendleton
5-25
St.
6-
12-
5-20
Royal
25c
——
4-13
5-12
5
717/8C
O'Connor, Moffatt & Co.—•
% $1.50 class AA (quar.)__—.—
5-11
6- 1
5-
common—_
—
5-18
6- 1
6- 1
7- 1
5% preferred series E (quar.)
7%
preferred (quar.)
8
37VaC
5-25
the
——a-,—
1
6-
(quar.)——$1,50
Rolland
—
——
1
6-
—a
Paper Co., Ltd., common
preferred (quar.)_„
Bank of Canada (quar.).,
common
Insurance
1
6-
6-
—a.—
—
6-
6-10
Electric—
&
Water & Power
——
6-15
6-10
7-
—
Gas
preferred series D
Serve), Inc.
—
4-19
50c
Button, $1.50 conv. pfd. (quar,)—
6%
Sherwin-Williams
——.—
5-31
5-25
$1.12Va
Rochester
Shawinigan
(quar.)
Corp.
3
1
7%
1
6-15
$1.75
$1.75
4-25
common,
5-
——
B
5-22
(quar.)
4-24
1st and 2nd preferred (quar.)
1st and 2nd preferred (quar.)
7%
5-29
5-15
5-31
(quar.)
Rochester
5-25
6-30
35c
35c
.Class
5-15
(R. J.)
Common
4-22
—_
5-29
5%
(irregular)
.AaTobacco Co.—
(quar.—interim)
(quar.—interim)
Reynolds
6-10
Service, 6% pfd. (quar.)
6-
—
5
5-10
to
5-15
6-30
75c
25c
—-.-aa—
$1
———,
(quar.)_
6-
Chapman & Scott—
preferred (accum.)
—
Nu-Enamel
4-28
(quar.)
Common
5-16
(irregular)
$1
EleC.
5-15
6-15
6-15
$25c
-
^
pfd. A
Common
$2.50
5-15
5
1
10c
5-15
of California—
6-
(quar.)— *—a—
Norwalk Tire & Rubber, 7%
25c
Messenger Corporation
Mickelberry's Food Products
■
preferred
a———
preferred
Merritt
7%
6-1
(quar.)
$1.25
13c
5-25
1
1
20c
—
Life
National
6-
—
1
6-
11c
25c
75c
5-
6-15
———
-_a'c;—;—
15c
(quar.)
Mercantile Stores, common
7%■ preferred
(quar.)
Meier & Frank Co. (quar.)
.
Increased
5-15
i
5-15
25c
Subject
4-14
6-15
$1.25
$1.75
________
(quar.)——
(quar.)
Northwestern Public
87V2c
i——
preferred (quar.)—
5%
&
held.
Co.,
$1.50
]
Mercantile Acceptance Corp.
'
5%
preferred (quar.)
f
'
—
6%
12c
—
5-15
5-15
25c
(quar.)^
30c
5-29
6-
$2
20c
A
33c
—
6-15
(quar.)-a—a
14c
——
Bancorporation
.
Northwestern
,
$1.12V2
(quar.)-
common
(quar.)—
$5.50 preferred B (quar.)
Meadville Telephone Co., common
'5%
1
5-29
Roeser &
25c
(quar.)
Department
5-
6-15
20c
Gas
prior preferred
Class
1
25c
5
—
$1.25
50c
50c
$1.75
$2
preferred B (quar.)
w^,aa-w,.
Republic Petroleum Co., 5Vscfo pfd. A (quar.)
Reymer & Brothers, common (irregular)
5
;—a—_
5-15
6%
5-
50c
(quar.)
Massachusetts Bonding & Insurance
Mead
6-
7-31
16c
.Ogilvie Flour Mills, common
7% preferred (quar.)
11-30
8-15
5-
$1.50
$1.50
Corp., common (quar.)_.
4Va%- preferred (quar.)
i_.
May
5
$1.25
1
—.
Insurance,
Water
(quar.)
.
preferred
6%
1
——
5-15
3.
a
Republic Investors Fund,
2
6-
4c
-
(quar.)
Marathon Paper Mills (quar.)
1
6-15
8-31
"•
—_
Masonite
>-
5-
5-31
$55Vic
(interim)
6%
Shirt
j
5-15
7-1
■
5-18
5-
6-
$1.50
25c
Mines
Co., 6% preferred
preferred (quar.)
Manhattan
12-20
5
1
5-19
25c
(I.)
Lake
9-20
1-2-45
43%c
—
Mackintosh-Hemphill Co.
Red
2
433/4C
(quar.)
preferred
(quar.)
Mclntyre Porcupine Mines, Ltd—
Madison Square Garden
1—
Madsen
6-20
10-
$3
•
;—
7%
-
1
43%c
preferred
(quar.)
7-
$1.62J/2
$1.62^
——
JMcClatchy Newspaper, 7%
5-
50c
$1.62 y2
—
$4
Northwest
4-28
4-21
6-
6-15
5-15
1
6-
30c
$1.50
dividend
preferred
1
6-
(quar.)
Stock
$4V2
$1.75
6-14
Series-'
Insurance
Northeastern
5-17
5-15
7-22
10-20
5-15
----
58V3C
50c
41%c
.
Regent Knitting Mills, $1.60 pfd. (quar.)...
40c
$1.60 preferred (quar.)
—40c
$1.60 preferred
(quar.)
40c
Remington Rand Inc., common (interim)
30c
7-15
Northland Greyhound Lines, $6.50 pfd.
Northern Liberties Gas (s-a)—a—
•
11-20
5-12
!•
5-19
1
3-
1
—
preferred (quar.)
5%% preferred (quar.)
8-21
5-15
25c
6-10
10-30
1
±
6%
4
11-20
-
2c
$1.25
of the SEC
8-21
1,
5-10
$1,271/2
Series
shs.
100
1
$1.75
Lynchburg & Abingdon Telegraph Co. (s-a)-'
7%
each
North-River
6-
9
Common
1st
———
Pacific
approval
One
North American Life
(s-a)_
Co., common——
preferred • (quar.)
6Vz%
of
1
12-1
5-15
6-
Gas—
Railway Co.
5-20
—
.
Lumberman's Insurance Co. of Phila.
Lunkenheimer
.
sh.
for
$1.50
4-29
6-10
6-
—
5-20
_
(quar.)—
5T15
8-
(quar.)—
North American Co. (stock dividend)
6-21
1
5-12
50c
■
Western
9-20
9-1
5-31
$1.25
preferred
6-
25c
1st preferred
Co.—
&
Adj.
1
12-
preferred
$1.75
Industry Series—
6-
$1.25
Reading Co., 4%
5-15
Equipment Industry Series—_—
Industry Series
Steel
1
25c
preferred (quar.)Participating—
6-
9
6-
25c
7-15
1
Series
6-1
———
5%
4-25*
(quar.)
6%
Series
7-
9-
4-25*
5-15
—
Ray-O-Vac Company
Special
6-
Utility Industry Series
10-
$1.25
4-25
5-15
——-
5-15
a——
Series—
Industry
-6-1
._
5-10
1
25c
(quar.)
5-10
Inc.—
25c
—
.
preferred (quar.)..
Participating
i
—
4-15
—a—
1
50c
(quar.)
Stock
Power
(quar.)^
1
a——
Industry Series
Insurance
preferred
6-
AAA- —
(quar.)
Electric &
$1.25
(quar.)
Participating
4-26
5-15
Gas, $5 pfd. (quar.)
6-
Dock-
Dry
Railroad
2
7%
5
Railroad
Longhorn Portland Cement—
1
Quebec
9
5
Norfolk
—.
&
Equipment Industry Series—aa,_
Nonquitt Mills
a—,——
(Maryland)
5-
5
2
6-30
5-10
1
5-23
5-
2
$2
$2
10c
10c
6-
5-
5-
-
6-
5-10
Puget Sound Power & Light-Quaker Oats, 6% preferred (quar.)
Quaker State Oil Refining
;
5-
5-
.
4-29
5-25
5-21
——
6-15
$2c
—
12-21
5-25
Public
2
5-
6-1
15c
...
5-12
5-25
6-1
.
5-15
—aa
a—a—
aa—.
,
12-28
10c
5-31
•
8
a-
9-21
13c
$1
$1
$25c
^
(monthly)—.
...
1
5-15
6-
a
9-28
Public Service Electric &
5-19
Series—.
$12>/2C
—
——————
Long Bell Lumber
6-
tl2%c
—a
5-
6-1
8
a-,—
6-15
5-
Merchandising Series
/», Metals ;Series
Oil Industry Series
5-25
t25c
6-
preferred (quar.)
preferred (monthly)
preferred (monthly)
6-28
22c
Machinery
8-25
6-10
■
11-25
$1.10
;
—
—
5-25
$1.10
—
8% preferred (quar.)—a-8% ' preferred
(quar.)
<
6-10
12- 9
Ltd., class A (quar.)—
(quar.)
7-15
50c
—,
Lock Joint Pipe, common
Common
(monthly)
5-15
1
(quar.).,
6-10
Industry
Stock
Food
6-15
1
$1.10
stock—
$3.30
■
8-
preferred
5-15
Industry Series
Electrical Equipment Industry Series
6
6-
50c
—,——a—
$3.30
5-
1
(quar.)_A_—
$1
Chemical
6
7-1
50c
(quar.)—
£ Special stock (quar.)
■V
—
5-
preferred
Business
10-26
6-
50c
$1.62'/a
25c
$1.12 Va
——;
1
5-22
10c
(quar.)
common
11-
30c
-
7%
$4,871/2
-A
Aviation. Industry
Bank
5-15
Building Supply Industry -Series—A_a„_
Lincoln National Life Insurance (Ft. Wayne)—
-
1
,__a,—a—
Agricultural Industry Series—.
Alcohol & Dist. Industry Series—
•
;
.
6-
$1,121/2
(quar.)__—
preferred
New York Stocks,
5-12
.—
6%
2c
,
___——
—
York State
5.10%
5-12
6-
Corp
—-
8Vz%
Brake
preferred
$5
New
6%
5-15
Queens Electric Lt. & Pwr. Co.—
Common
4-18
5-15
1
20c
(quar.)
(quar.)_A_
Air
$5
1
6-
preferred A (quar.)__
preferred (accum.)
5%
Co
Shipbuilding
preferred
5-15
6-
25c
pfd.
$4.50
A—
York
5-31
8
—
Glass Co.———
common
$5
4-15
5-
News
New
9-14
6-15
6-10
Liberty Aircraft Products Corp.—
' Class B (quar.j—
2
5-15
(J. J.),
Common
6-14
50c
(increased)——
Liggett & Myers Tobacco,
10-
1
50c
—
Libby McNeil & Libby
7-
Co.,
Zinc
Newport
7-14
8-
Gypsum
Clock,
6-15
,
6-15
25c
(quar.)_
a—
—
Haven
6-15
$1.12!/2
10c
62J/2C
25c
$1
$1
$2c
(quar.)—:
—
6- 9
37'/2c
J.—
50c
a—'
Welding Machine
Jersey
9
7-
Leitch Qold Mines,
Leland Electric
!
Electric
New
9
of N.
$1.75
—
—
Gas
New
1
5-
preferred
(quar.)
Cylinder
Newberry
5-12
5-
convertible
Savers
4
5-12
Public Service Corp.
30c
common
Lead, 7% preferred A (quar.)__A_
National Oats Co., 5% preferred (s-a)_A_
Neisner Bros, (quar.)
a
Neptune Meter Co., 8% preferred (quar.)_A
Nestle-Le Mur Co., $2 partic. cl. A (accum.)
4
5-
1
6-
Lehigh Portland Cement,
.4% preferred (quar.i
Life
5-
1
6-
Leath & Company, common
$2.50 preferred (quar.) i
1
i
Rapid Electrotype
National
5-15
1
7-
—
15c
Casket Co., common
Container Corp.
(quar.)—a„——
National
1
5-15
preferred (monthly)
preferred (monthly)-AAA
preferred (mbnthly).
5%
25c
(quar.)__
National
5-15
5-25
Co.,
preferred
National
9-
50c
,$4.50
7'/o
12-
6-
6-12
50c
Inc.—
(quar.)____
Metals, common
Quarterly
t20c
(quar.)——
Shops
Fibres,
convertible preferred
National
6-
5-15
$1
Louis Ry—.—
& St.
(quar.)
National Dairy Products (irreg.)
6-
3
$1.50
a—a
National
G.), common (quar.25c
Le Tourneau (R.
6%
5
5-15
6-
7%
$1.50
—
——
8-
(quar.)
5-16
50c
Public Service of Colorado—
8%
Acme
$1.75
5-15
5-17
1
$2
Mills
Biscuit
Candy
1
25c
$1.50
preferred (quar.)—
National
t30c
t$1.75
—25c
6-
tic
50c
37'/2C
6%
6-17
(quar.)_i_
5-19*
$ 1.37J/a
a
50c
preferred (quar.)
7-1
25c
9-15
1
25c
$1.50
6%
1
Bearing
12-15
5-31
25c
a
cl. A (quar.)
$2
(quar.)
National
,
1
0-
America-AA
Privateer Mines, Ltd
&
Gamble
(quar.)
Extra
America—
of
preferred
5-15
'Common
5-
20c
preferred (quar.)
6%
1
10-
25c
& Alexander,
Inc
Rouyn Gold Mines (interim)—
of
of Reo,
75c
(resumed)
Metals
Holders
Payable
$1.25
Procter
6%
(irreg.)A_—-
$4 preferred
Muskogee Co., 6%
5-10
6-
5-15
25c
(s-a)
Corp.
6-15
5-9
Secord
75c
preferred
participating
lc
5
12-15
—a
6-3
9r-15
(quar.)
Mortgage
(quar.).......
Motor Finance Corp.
(quar.)——a
Mount Diablo Oil Mining & Development--.
6
5-15
Bryant, Inc.
6-
B
Moody's Investors Service—
1
'.(Extra
$2
Class
5-25
6-
1
Laura
5-10
5-31
5-25
Lane
1
5-16
5-31
com.
6-
6-15
6-
Milling,
$2.25
6-15
&
National
(quar.)__„
5-10
•$3iy4c
Loan
Nashville Chattanooga
Woods
1
Montreal
4-30
the
6-
6-15
5-20
preferred
$2.25
—a
6-15
1
5-20
7%
5-10
Pressed
5-29
.
1
5-16
Nashawena
Lake of
6-
6-15
1
—
50c
t$i
t$1.75
7-
1
5-10
-
5-25
Powell
6-20
Extra
9
when
share
Powdrell
7-
;
6-
4-30
7-
—
50c
5-10
5-25
—
—>
Pittsburgh Bessemer & Lake Erie RR. (s-a)
Pittsburgh Coke & Iron, $5 conv. pfd. (quar.)
Pittsburgh Steel, 5V2% prior pfd. (accum.j
Pond Creek Pocahontas Co. (quar.)
Poor m Co., class A (quar.)
1
$1.50
Emil) Co.
—
>
25c
Knickerbocker
Fund,
extra
___________
4c
Knudsen Creamery Co., common-———
10c
;
60c preferred
(quar.)
:—
15c
Koehring Company
.--1—
50c
Kroger Grocery & Baking, common (quar.)_
50c
6% 1st preferred (quar.)
$1.50
,
5-19
(s-a)—
87V2<S
——...
1
5-10
preferred C
$4
6-15
(D.
^7% 2nd preferred (quar.)_
6-
(quar.)—*.
Co., common
5-20
Klein
$1.50
ny2C
7-
15c
15c
15c
$1.25
$1.46
$1.50
$1.75
(quar.)
Name of Company
5-15
(quar.)__
preferred
Mills——
6%
Service,
Per
of Rec.
1
Montgomery & Erie Ry. (s-a).,..—aMontreal Cottons, Ltd., common (quar.)—...
T/o
preferred (quar.)
a——-a—
6-
4-28
20c
Gas
Holders
6-
Ltd.„_
Co.,
preferred A (s-a)—,—
$4.50 preferred B (s-a)
9
7-'
5c
$2.95
(R.)
$4.50
9
5-26
"
Kalamazoo
6-
7-
$1.50
$1.50
$1.25
a_
•
5-15
$1.50
t2c
$2.50
(quar.)
I?land Mountain Mines, Ltd. (interim)
Jamestown (N. Y.) Tel. Corp., Class A (s-a)
Jamestown
5-17
6-
50c
Inland Creek Coal Co., common (quar.)
.$6
6-
1
When
Payable
t$l
•
Mitchell
25c
30c
30c
30c
—w'.-
•Quarterly
'■
Name of Company
of Rec.
75c
Co,
Inter'type
(1
Per
share
Holders
1899
10c
1
$5
Carbon.
convertible
Toburn
$5
25c
common
preferred
Gold Mines,
Ltd
$2.50
(quar.)—
25c
$1.25
tic
6-
6
4-29
6-15
9-15
12-15
4-28
5-
2
5-
2
5-10
5-
5
5-15
4-27
5-
1
5-15
5-15
5-15
8-15
11-15
5-
1
4-30
1
4-30
5-29
5-
1
6-
1
6-
1
4-22
Per
1
Roofing,
!
common
$1.40 conv, preferred (quar.)..—
Tokheim Oil Tank & Pump—-J.
Trane
—
6-15
5-25
6-15
5-
3
5-15
5-
1
preferred (quar.)
75c convertible preferred (quar.)-—__—Winstead
Hosiery,
quarterly
...-
5-
1
7y2c
Union
Trust
(quar.)
CO.
(Md.)
about
18
May
Common (irregular) J.—
United Light & Railways—
4-10
5-10
5-
4-20
1
5-15
6-10
5-31
$37c
5-15
4-15
50c
5-16
5-
5
$1.75
5-16
5-
5
$3.50
6-1
5-
8
Public
(F,
(Wm.)
Jr.
dividend
1
Co
Ltd.—
1
7-
1
6-1
5-20
50c
50c
$1.37J/2
5- 9
6-15
7-1
25c
$1
6- 9
5-10
4-28
5-20
6-10
6-1
4-28
6-15
9-15
6- 5
9- 5
12-15
12- 5
——
„
75c
75c
———
—
xLess 30%
Jamaica Income tax
books not closed for this dividend,
•Transfer
Canadian non-residents' tax.
tPayable in Canadian funds, tax deductible at cne source
Non¬
resident tax, 15%; resident tax, 7%.
a Less British income tax.
6-15
6-1
5-15
53c
6-15
1
50C
7-
50c
6-13
6-
1
5-15
5-
6
7-1
6-15
10%
$1 Yt
*
Auction Sales
Transacted by
R. L. Day & Co., Boston, on Wednes¬
day, May 3:
4
12V2%
6-17
5-
$2.50
7-10
6-20
5-15
4-10
162
/
Shares
50c
(final)
———
United New Jersey RR. & Canal Co. (quar.)
U. S. Leather,.conv, partic. class A (irreg.)U, S. Loan Society (Philadelphia) (s-a)-—
25c
5-15
6-
50c
Ordinary registered
4"2A
5- 1
5-20
•
Mercantile Institution—
Co-operative
Quarterly
6-15
53c
——«.—
5-15
5-15
6- 1
-——
—
Corp..,
Zion's
5-15
7-
6- 1
6-1
20C
50c
Associates—
Zeigler Coal & Coke^Zenith Radio
7-15
40c
$1.25
pfd. (quar.)—
(quar.;—•
(Rudolph) Co. (irregular)———
Young (Thomas) Nurseries (irregular)——
Youngstown Sheet & Tube Co., com. (quar.)
5%%
preferred (quar.)-—.
——
5-31
6-1
58V3c
—
preferred (quar.)——
10-16
Wurlitzer
Quarterly
Quarterly
6-30
Co.
30C
4-29
5-15
10c
5-15
40c
6-20
(quar,) ——
(quar.)
—
U. S. Rubber Co., 8% non-cum. preferred—
U. S. Sugar Corp., $5 preferred (quar.).—
6.4% preferred A (quar.)—————
40C
9-20
8-31*
Common
40C
12-20
11-29*
($1
Corp.
($1
Ext 1*8/
mn
,*.««.
tt rr
Pipe & Foundry, common
U. S.
par)
Universal
Utica
6%
40C
——
$2.50
.—
$32 lot
100
Detinning,
$1
(Hiram)
7-
1
10-2
6-2
Statement of Condition of the 12 Federal
5-19
5%
preferred
(initial)
(S. D.)
Co.
9-
1
1
1
7-15
6-10
9-20
9-9
Treasury
Redemption fund—F. R. notes—
7-20
7-10
Other cash-—
10-20
5-10
t$l
6-15
"Total
50c"
$1.25
50c
—
$1.12 Va
6-15
6-5
6-15
5-20
1
5-10
$1.25
5-10
6-
1
5-15
7-
1
6-15
1
6-15
Total loans and securitiesDue from foreign banks
F. R. notes of other banks
1
5-15
5-31
5-15
8-31
8-15
8-15
5-16
1
5-16
5c
$4 conv. preferred (quar.)
West Michigan Steel Foundry—
—
25c
$1
....
$1.75 conv. preferred (quar,)—
6%
preferred
6-
5-
6-
5-15
1
5-15
5-15
934
+
79,220
6-14
6-
18,032,112
(quar.)
5-15
5-
5-10
Total
Weston
Electric
Westvaco
White
Instrument
Chlorine
Products
—
5-10
4-29
25C
6-15
5-15
$1
1
(quar.):
(S. S.) Dental Mfg. (quar.)—
—
Whitman
(Wm.)
Co., 7%
5%
preferred (quar.),
preferred (initial)
6-
1
4,873,737
+
—
—
4-30
9
+
1
82
+
16
8,960
—
7,159
—
7-
1
6-17
7-
1
Commitments
6-17
to
make
trial loans—:
5-15
11-15
+ 2,428
14
+
2,971
+
3,730
+'
53
647
+
2
18
94,816
+
+
247
+
78,211
+
84
9
+
3
631
;
+
-83
1,987
—
deposits-adjusted————
Time deposits-
—i.
FEDERAL
28
TO
132
9,977
+
' 27,686
+
•
"877
34,688,799
1944,
7,903
+
9
6
+
April 28
59.2%
+
79,220
+
1944
from
railway
railway—
oper. income—^,
ry.
Gross
from
..5%
—
16,6%
—
5,802
—
2,992
from
Net
ry.
railway———
income—
—V. 159, p. 1485,
oper.
Australia, pound
$1,453,054
885,438
97,459
$1,195,886
585,364
414,133
$777,400
341,249
239,955
5,139,292
2,630,100
677,861
4,457,968
2,724,069
869,700
3,278,131
1,567,681
1,108,509
2,241,537
974,995
683,279
St. Louis Public Service Co.—Tenders Sought—
company, through its Treasurer, 3869 Park Ave.,
St.
TARIFF ACT OF 1930
pursuant to offer and acceptance, at the rate of 5%
March 1, 1944 to the date of acceptance of . the
price and paid by the company,
The bonds so purchased will be held as treasury bonds.
Notice of acceptance of the offers shall be mailed on or before
May 20, 1944.—V. 159, p. 1698.
per
from
annum,
offer,
will be added to the purchase
St. Louis Southwestern Ry.—Earnings-
May 3
May 4 •
oper.
Railway
revenues
$5,916,811
expenses
2,735,348
.297733*
.297733*
.297733*
.297733*
.251247*
.251247*
.251247*
.251247*
Federal
$
$
3.228000
1944—Month—1943
Period End. Mar. 31—
May 2
.251247*
3.228000
Louis,
bonds purchased
.297733*
3.228000
.
1941
1942
1943
$1,821,154
941,773
253,415
Mo., will until the close of business on May 17, 1944, receive bids for
the sale to it of 1st mtge. 5% bonds due March 1, 1959, at a price
exclusive of accrued interest.
Interest on the face amount of the
Railway oper.
Tax accruals:
$
——
Free
*.
Ry.—Earnings—
6,511
—
.297733*
peso—
Official
25
1—
railway
.251247*
Argentina,
■
Corporation and
March—
Gross
Net
5,740,849
Rate for Cable Transfers in New York
May 1
■
(Continued from page 1868)-
8,081
—
indus¬
—
April 29
149
,+
+
1091
Investment Hews
from
Value in United States Money
■
290
12,191
General
Net
INCLUSIVE
Noon Buying
Country and Monetary Unit
4,426
1,041
—1,245
—345
——882
;
Debits to demand deposit accounts except
interbank
and
U.
S.
Gov't
accounts,
Net
RESERVE BANK TO TREASURY UNDER
4,
+
—
;
—,
—
Foreign banks———^
+
+ 21
—576
Borrowings..—:
136
-
•April 26 figures revised.
MAY
—
+ 276
6,537
:< 7,785
deposits—
Interbank deposits:
Domestic banks.
34,524
^
U. S< Government
+5,711,131
Foreign Exchange Rates
BY
359
—107
559
LiabilitiesDemand
2,339
+
of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:
APRIL
>;
—
8,692
——
Cash in vault———.—
Balances with domestic banks—
41,745
Pursuant to the requirements
CERTIFIED
—1,345
2,867
The
FOREIGN EXCHANGE RATES
—1,859
34
18,987
:
Reserve with Federal Reserve Banks
1
190
—
793,310
+
F. R. note liabilities combined
6-30
——
—
83
—
6
—
133
+
—
—283
From Jan.
6-17
1,197
2,981
115,844
+
—
9,318
Other capital accounts-
1
—
620.991
+
26,965
71,511
7-
10}
287
i'
if
.
$1
12-30
15,590*
36,430
—
1,311,574
r'
30,878*
—
—
188,097
—
357
8|
77)
1,078
—————
St. Louis Brownsville & Mexico
Total liabilities & cap. accts._,
Ratio of total res. to deposit &
$1.75
—
157,037
Surplus (Section 7)
Surplus (Section 13b)
—
71)
492,961
34,245,189
—
219
+
781,124
—143,692
14,892,185
Capital paid in
5-10
$$2.50
$$2.50
—
—
+
Capital Accounts-
5-29
5-15
Total liabilities.
5- 9
30C
—';
+209,210
;
357,646
deposits————
$1.75
Whitaker Paper, common (quar.)
7% preferred (quar.)—
Winnipeg Electric,
5% preferred
5-
5-31
6-10
35c
—
.i,
5-31
$1
50C
——
+ 5,740,849
+ 153,730
»■
availability items—
Other liabs., inch accrd. divs—-
4-29
37V2C
.
4,033
10,809
—
355
during week—
Treasurer—gen. accts.—
Foreign
Other—
3
37V2C
$1.12 y2
—
92,049
228,906
1,615,286
U. S.
-in
Special preferred
+
—
12,690,347
Member bank—reserve acct—.
Deferred
Westinghouse Air Brake—
;
Westinghouse Electric & Mfg., common
7%
participating preferred—.
45
•
89
6,026
~
———
4-17
25c
Western Department Stores, conv. pfd. (quar.)
+6,829,187
+
Deposits:
4-17
$1.50
West Virginia Coal & Coke (irreg.)___
West Virginia Pulp & Paper Co.—
4% %
preferred (quar.)_;
——
—139,915
—
34,688,799
—
carrying:
.obligations———
Other securities
487,700
6,761,135
+
+
619
Obligations guaranteed by U. S. Government
186,064
+
—
+
2,269
+
Federal Reserve notes—
5-15
1
6-
$1.75
—
+.1,947,790
Liabilities-
1
5-15
433/4C
„
preferred (quar.)
(quar.)
+ 289,930
—
61,184
Total assets—
.
West Penn Electric, 7%
i
8-11
6-1
294,354
136
Other assets——
$$1.75
+
68,044
1,652,139
34,883
——
$1.75
—
2,000
13,388,860
Bank premises,:
10c
Wentworth Mfg. Co.. $1 conv. pfd. (quar.)
Wesson Oil & Snowdrift Co. Inc.—
5,000
+
—
$1.75
___
+
13,291,992
(incl. guar, sec,)—
Uncollected items-
'
45,500
676
U. S. bonds———————————
■
7-
6-
+
:
5,292
^74
—
82
Treasury notes
^114,981
+
-
Other;loans——
:l„—.
Treasury bills—————1———si——,
Treasury certificates of indebtedness——_—
1,888
—
241,854
1,163,764
50c
$2.50
+
+
95
pur¬
—
Other securities—
69,940
+
24
—
1,448,767
—
$1.50
„
—_.i
11,885
-
Real estate loans——-
—1,171,660
4,400
for
——
U. S. Government
267,255
78,425
Total U. S. Govt, securities
4-25
$1.25
———_
.J,
—
69,415
—'
7,665,521
3.013,940
—
—_—__i
i——
Bonds
—
—
84,983""
Certificates-.
Notes
+
13,519
dealers
U. S. Government obligations——
4-25
_
Engineering
".'
x—
21,604
and
Loans to banks———,—;
19,483,553
10,363
Other loans for purchasing or
—1,360,490
77,500
+
—
•
brokers
to
Other securities
May 5, '43
—
273,686
reserves—
Bills
6-5
6-
18,895,425
314,442
Industrial loans——__
U. S. Govt, securities:./
5-12
Apr. 26, '44
$
Discounts and advances—
5-12
6-15„
on
due from U. S.
10-10
6-10
t25C
.
—
hand and
5-15
6-
„
Extra
certificates
Gold
1
6-20
$1.75
$20c
Washington Gas Light, $4,50 pfd. (quar.) —
$5 preferred (quar.)
;i;
Washington Rv. & Elec., 5% pfd. (quar.)—
5% preferred (semi-annual basis)
Wayne Knitting, Mills, common
6%' preferred (s-a)
Welch Grape Juice Co.—
7% preferred (quar.)
——i.——-7% preferred (quar.):
Wellington Fire Insurance (s-a),
Wellman
May 3, '44
-389
51,064
agricultural
and
chasing or carrying:
(—) Since
Assets-
industrial,
6,069
Loans
Increase ( + ) or Decrease
5-20
8-
—
-
-
Commercial,
thousands of dollars)
(In
Decrease (—) Since
4-19-44
4-28-43
4-26-44
Loans and Investments—total—:
Reserve Banks Combined
1
12-
9-
$1.75
——.
(quar.)
Assets-
Loans—total
1
6-
9
12- 9
6-
15c
common————
125
125
5-25
$1
—
summary of the principal assets and liabilities of
reporting .member banks, and of debits to demand de¬
posit accounts, follow:
Pa.-——100
Increase (%) or
12-23
6-10
6-10
was
/
(In millions of dollars)
9-21
1-2-45
$1.75
—
„
reporting member banks
6-21
,
Warren
Bridgeport,
$1.50
—
Ware Shoals Mfg..
Co.,
Sons, Inc.———
Sons, Inc..
'
$1.50
(quar.)
at all
A
5-15
Gooderman & Worts-
(quar.)
the total decrease
$ per share
6-1
6-
37y2c
:
on
5
5-
1
6-15
$1.75
common
—
preferred
Sons
Wolstenholme
$1.75
preferred (quar.)_—
—
7% preferred (quar.)
l—
Waite Amulet Mines, Ltd., (quar.)——
Common
&
Wolstenholme
Thos.
$1
7%
Walker
Lees
Thos.
50
50C
—
Common
James
50
62y2C
62y2c
——
Vulcan
297
5-12
62y2C
Vanadium-Alloys Steel
Vapor Car Heating, 7% preferred (quar.)^-.
7% preferred (quar.)—
i.
7% preferred (quar.)
Virginia Coal & Iron
1
Virginia Railway, 6% preferred (quar.)——
Vogt Manufacturing Corp
Lofland, Philadelphia,
&
STOCKS
4-28.
5-20
pfd.
Corp.,
$345,000,000.
Shares
6-10
25c
—:
——
3*
5-25*
6-10
by Barnes
5-20
50c
(quar.)
Knitting Co., 5% prior pfd. (quar.)—
prior preferred (quar,)——
prior preferred (quar.)
1_,
5%
Van Dorn Iron Works
7-
.7-15
62*/2c
———,
pfd.
Transacted
$1.75
——i—
Insurance
Universal Laboratories,
$1.25
Duplicating Machine
Wednesday, May 3:
5-26
9
Standard
$1.00
United. States Steel Corp., common—
7% preferred (quar.)—--.
Universal .Consolidated OiL
$2
6-
35
member
leading
cities shows the following principal changes for the week
ended April 26: Decreases of $82,000,000 in commercial,
industrial, and agricultural loans, $283,000,000 in hold¬
ings of Treasury bills, $107,000,000 in reserve balances
with Federal Reserve Banks,. $576,000,000 in United
States Government deposits, and $345,000,000 in deposits
credited to domestic banks, and' an increase of
$276,000,r
000 in demand deposits adjusted.
Commercial,. industrial, and agricultural loans de¬
clined in nearly all
districts, the principal decrease being
$44,000,000 in New York C;ty. Loans to brokers and
dealers for purchasing or carrying United States Gov¬
ernment obligations increased $71,000,000 and other loans
for the same purpose declined $77,000,000.
Holding of Treasury bills declined $202,000,000 in New
York Gity, $54,000,000 in the Chicago District, $27,000,000
in the Philadelphia
District, and $283,000,000 at all re¬
porting member banks. Holdings of Treasury notes de¬
clined $49,000,000 in New York City and $14,000,000 at
all reporting member
banks, and increased $21,000,000
in the Philadelphia District.
Holdings of United States
Government bonds increased $53,000,000.
Demand deposits
adjusted increased $94,000,000 in
New York City, $88,000,000 in the Chicago District, $46,000,000 in the Boston District, and $276,000,000 at all re¬
porting member banks. United States GQvernment de¬
posits declined in all districts.
Deposits credited to domestic banks declined in all
districts, the principal decreases being $103,000,000 in
New York City and $60,000,000 in the Chicago District;;
$ per share
Phenix
-J.
."
($100 par)—
Chatham
240
par);
5-31*
Common
Holding
Corp.
4-29
(quar.)-—
,
STOCKS
Huron
The condition statement of weekly reporting
of the Federal Reserve System in 101
banks
10-16
11- 1
•
75c
5%
Service
W.)
fPayable in U. S. funds, less 15%
b
Molasses,
6-
Wrigley
1
"ioc
preferred (monthly)
preferred (monthly)-——
6.36% preferred (monthly)-————
6.36% preferred (monthly)
6%
preferred (monthly)—
6%
preferred (monthly)——
United Merchants & Manufacturers (quar.)
United
Worcester Transportation
58Y3C
—---
7%
5%
Woolworth
3-10
7%
Stock
Wisconsin
4-29
4-29
of
distribution
a
l/20th share of Delaware Power & Light
for each share of U. G. I. held
common
-
11-10
5-10
$1.25
(quar.)—-——
Co., com.—7% preferred (quar.)—-—u-———United Gas Corp., $7 preferred (accum. )-_+■■
United Gas Improvement (stock dividend).
8- 1'
8- 1
11- 1
——
—
—-
5-15
30c
,»
——
5-15,
5-10
25C
Corps., Ltd., class A
Or
11-15
-
Extra
30c
—-
United Engineering & Foundry
On
8-10
—
United Aircraft Corp., 5% conv. pfd. (quar.)
United-Carr Fastener (quar.)——
United
8-15
$1
$1.50
-
Extra
Quarterly
6-
25C
California
of
Storage
18%c
$1.50
$1.50
-
4-29
7-31
7-15
7-15
5-15
8-15
8- 1
$1
5-20
5-10
$1.50
$1.12 »/2
$1.25
pfd. (quar.)..—
183Ac
,
Quarterly
1
5-15
25C
(quar.).™.—
Quarterly
Quarterly
Union Oil
convertible
25C
Union Electric of Mo., $4.50
$5 preferred (quar.)
Union
5-15
75c
25C
'
$6 1st preferred 7quar.)
Trinity Universal Insurance
Condition Statement of Member Banks
of Reo.
Winters & Crampton Corp.—
25C
—
Company, common (quar.)
5-25
I2y2c
—-
of Reo,
6-15
35c
;
Payable
Share
Name of Company
Payable
10c
Monday, May 8, 1944
Holden
When
Per
Holden
When
thare
Name of Company
Tilo
CHRONICLE
THE COMMERCIAL & FINANCIAL
1900
3.228000
3.228000
3.228000
1944—3 Mos.—1943
$5,295,289 $16,062,685 $15,474,450
7,990,260
6,558,5791
2,320,792
85,989
264,038
259,661
1,810,000
87,685
4,315,322
409,363
5,438,000
264,010
$1,119,701
ry.
86,641
1,787,735
187,385
taxes—
Federal
Other
val—
taxes—
ad
income
Other
Brazil, cruzeiro—
Official—.
.060586*
.060586*
.060586*
.060586*
.060586*
.051275*
.051275*
.051275*
.051275*
.051275*
.051275*
.909090
income
31,699
$990,822
27,530
$3,083,700
93,697
$2,954,199
87,567
inc..
$1,151,401
$1,018,352
$3,177,397
$3,041,767
280,424
325,489
921,870
961,897
oper.
$870,976
27,935
$692,863
14,942
$2,255,526
$2,079,869
85,137
32.007
income
$896,912
$707,805
$2,340,663
$2,111,877
.060586*
Free—
oper,
Canada, dollar—
Official.
.909090
...
Free
Colombia,
.900625
peso
572766*
England, pound sterling
India
.909090
.900625
.572766*
.
.909090
Total
.900625
.909090
.900000
.572766*
.900625
Deduct,
.572766*
.572766*
1035000
Mexico, peso—
4.035000
4.035000
4.035000
.301215
.301215
.301215
.301215
.205800
oper.
ry.
from
ry.
oper.
income
4.035000
.301215
.205800
;
.
.
4.035000
301215
.
(British), rupee.
Newfoundland, dollar—
.909090
.900000
.572766*
.205800
.205800
.205800
.205820
Net
ry.
Non-oper,
income
income——i.
.
'
Official
;
Free
.909090
.909090
.909090
.909090
.909090
.909090
.898125
.897500
.897500
.898125
.898125
.898125
New Zealand, pound
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000
3.980000
3.980000
Deduct,
256,155
from gross inc.
3.244203
Union of South Africa, pound
Gross
—
Uruguay, peso—
Controlled
Noncontrolled
.658300*
.658300*
.529640*
.529640*
.529640*
.658300*
.529640*
.658300*
.529640*
on
.658300*
.529640*
The interest
certificates,
•Nominal rate.
$64^,756.
income
Interest
.658300*
•
Net
Hanover
761,369
752,829
$1,579,294
$1,359,047
First Mortgage 4% Gold Bond Certificates
due May
due
255,237
$452,568
1989,
1, 1944, on the first mortgage 4% gold bond
paid on that date at office of Central
New York.—V. 159, p. 1698.
was
Bank and Trust Co.,
Volume
Number 4279
159
THE COMMERCIAL & FINANCIAL CHRONICLE
tion
St. Louis-San Francisco Ry.—System Earnings—
Period End. Mar. 31—
<
Total
1944—Month —1943
revenues—
$9,960,549
of way & struc.
of equipment—
1,332,901
oper.
Maint.
Maint.
Transp.
Other
expenses
employee
1944—3 Mos.—1943
The
3,233,722
2, 875,075
563,297/
9,555,831
1,611,006
479,077.
size,
ry.
Other
income
oper.
income
$2 .248,314
$1,255,464
Comparative
8,212,915
$4,233,647
16,556
72,416
$4,306,063
Peduct., from
income
avail,
for
profit
Other
$5,961,418
8,109
6,954
,
fixed
charges
'•"■After
period
>'
>
16,028
f
.$1,274,182
deductions
Jan.
1
to
of
$1,234,855
March
Other
with
March—
Gross
railway
income™
From Jan,
Gross
from
Net
ry.
—V.
and
:
$5,944,652
$2,836,508
%
in
'
income
159, p, 1485.,
'
March—'
from
Net
from
Net
ry,
,*
month
and
$2,056,131
in
1943
"1942
"
T
$6,043,541
$4,622,898
3,443,755.
1,774,542
1,222,724
2,135,265 '
1,478,312
959,322"
24,825,491
16,524,420
8,678,935
4,262,385
5,562,888
3,569,649
13.069,256
1944
1943
1942
$175,232
39,656
$146,117
164,712
45,618
73,752
2,758
2,705
——.•.aJu*-*
Railway
32,369
1,013,193
523,885
Railway
831,975
income
142,563
79,421
"
'1
516,341
131,295
&
__™_
profit
—
refund
in
238,055
—
(Cr)
$225,393
ICC
Rents
taxes,
$1,224,001;
$104,086; earned
Sheet,
Dec.
31,
Sharon Steel
*19,519
stock
common
surplus,
..c,'
,
,
.
,
,
gold
bonds,
$376,653
136,371
$308,103
$2.38
additions
The
the
and
stock
be
&
sold
Rio
at
in
par
Grande
equal
Western
amounts
the
and
to
the
trustees
Western
new
—V.
of
prod,
sold
par),
$229,136;
'
San Antonio Uvalde & Gulf RR.
Net
from
Net
1944
from
ry.
raliway
Gross
Net
70,286
Balance
1942
*92,744
6,381,331
ry.
596,780
V
$108,123
2,812
*40,948
*20,207
income!
oper.
*Deficit.~rV.
393,810
120,000
22,125
"Net
.
13,490
*9,310
*103,555
*78,964
*225,253
159, p.
matured
Merchants
Mass.,
will
until
series
F,
of
sum
bonds
due
1955,
(EWT)
and
to
Boston,
successor
on
trustee,
22,
May
1944,
Boston,
V"
receive
amount
sufficient
exhaust
to
29,241
9,000
4,500
$866,120
23,527
16,658
at
a
will
proposals
meeting
*: $882,778
4,003
7,476
625,000
-
1941
subsidiary.—V.
income
$250,302
special
meeting
on
May
2
adopted
proposals
be
submitted
for
stockholders to vote
at
upon
from
1,500,000 to
March—
$0.45
$1.15
159/ p.
Net
ry.
—V.
;
1944
159,
income
1,812.928
2,152,559
1,261,824
4,149,268
35,955,388
21,633,212
16,061,021
15,065,853
16,743,946
6,421,553
4,498,595
income™
5,972,404
11,221,608
4,395,301
deducts.
Total
revenue
1944
$3*102,462
™v
,
income
on
bank
Int'ang. develop,
$1,916,941
287,962
4,096,863
43,917
43,446
522,765
1,006,094
802,481
617,268
$1,580,058
$1,114,460
Fed.
profit
sh>'on
Earn, per
20,732
14,153
18,601
$1,600,790
443,493
$1,128,613
368,679
$948,138
624,272
20,735
costs—-
inc.
2,786,491
1,665,496
860,092
1,940,440
1,038,526
418,676
ry.
Gross
■
977,
p.
Co.—Weekly Output—
utility
system
as
operating
•
for
the
compared
year,
companies
in
the
week
ended April
172,128,000 kwh.
with
increase
an
1944
of
29,
for
9.0%.—V.
159,
1943
1942
1941
-$468 719
$326,532
$178,421
$138,262
223,887
139,856
32,259
4,728
.74,958
5,485
31,669
939,056
'
income
oper.
;
director.—V, 159,
a
115,864
January 1—
from
railway
1,221,821
494,558
404.498
Net,, from railway—
563,042
407,990
64,634
20,864
685,777
Net ry.
296,891
222,262
83.536
167.185
—V. 159, p. 1486.
46,270
$100,999
$1,230,099
$1,192,161
54,262
646,594
658,413
income
oper,
868,213
=
$46,737
$583,505
$533,748
14,287
14,287
171,438
171,438
159, p.
$32,450
$412,067
Studebaker Corp.
profits taxes.
March
9,000
Net
t
sales,
'.
'
31,
$454,726
nor
-
1944,
357,012
50,000
Will
H.
Fischer,
the
succeed
late
Vice
John
President,
H.
has been elected,
159, p. 1486.
a,,
director,
tp
Fischer.—V.
Net
profit
on
$495,098 '-
$270,930
$264,358
$0.22
$0.21
$0.40—
•
-
current assets
Period End. Mar. 31—
Gross
1944—Month—1943
of
Commitment
Other
1944—12 Mos.—1943
fee-bank
interest
for
for
deprec.
for
$622,774
$7,430,614
'
1943
*
•
•
108,502,292
103,937,621
70,153,756
4,564,671
3,354,267
281,197
274,540
79,562
expenses
59,388
233,960
2,883,618
2,213,067
amortization
General
63,741
Fed.
income
exc.
and
Net
\
Gross
220,012
206,525
73,508,023
Int.
*
and
Net
other
Total
Dividends
390,053
Divs.
364,550
$118,547
$1,189,049
$1,110,593
17,367
245,000
230,986
$55,957
$101,180
$944,048
34,358
34,358
412,296
stock-
taxes—..—.
profits
excess
taxes
$66,822
$531,752
$467,311
$879,607
40,966
835,000
*787,500
1,218,548
1,339,514
400,000
400,000
—
earned
surplus.
surplus.—™—
surplus
"Less
war
...
18,831
245,000
contingencies
818,548
8,844,124
11,943,041
—
939,514
11,124,494
9,783,638%
paid
579,593
surplus, March 31.—/
Earnings per
412,29G
$21,599
"pfd.
on
income™
1,131,121
21,184
deducts.
_!
income
interest
21,534
f2,700,000
earned
574,993
$77,141
—
17,359
,
period
the
751,579
621,907
[1,578,161
taxes—j
income
less
—
agreement
income
Federal
profit to
767,827
f
i
__—___]
taxes—
prof,
debentures
on
credit
expense,
Federal
for
Previous
„—
taxes
—
$6,145,903
267,802
:
Provision
sales.
discount
Net profit for
84,965
expenses
Prov.
Balance
share.—
common
credit
of
$87,500 for
refund of excess
...
debt
555,057
11,363,448
9,228,581
$0.35
—
$0.42
—
retirmeent.
fAfter
deducting post¬
profits taxes of $300,000.
...
Note—The corporation's profits for 1943 and 1944 are
subject to ad¬
on account of renegotiation of Government contracts under
were
ex¬
and current
159, p.
Co.—Earnings
of
Transportation
System—
(Also
Separately Operated Solely Affiliated Cos.)
Period End. Mar. 31—
1944—Month—1943
$
1944—3 Mos.—1943
$
Ry.
oper.
revenues—
52,655,310
oper.
expenses
35,230,059
$
50,224,561 153,427,483
28,074,264 102,014,802
$
137,703,238
79,539,466
revenue
tax
Joint
17,425,251
22,150,296
51,412,680
58,163,771
10,160,477
accruals
Equipment
10,667,942
1,816,920
31,272,276
27,283,060
2,093,356
5,362,913
5,232,944
net
108,494
130,654
433,021
245,926
income-
5,062,924
9,534,782
14.343,469
25,401,840
986,926
440,727
2,128,506
1,113,521
6,049,850
9,975,508
16,471,975
26,515,360
rents,
net-
facility rents,
Net ry.
oper.
income
Total
-
income
miscelhi deduct—
Total
fixed
Total
-
50,143
179,479
161,855
2,272,057
6,252,514
6,902,697
1,310
charges-
63,889
2,078,818
charges™
conting.
Net
income
2,864
3,930
8,535
The cgmpany has been authorized
by the War Production Board to
construct an addition to the present
plant in Chicago which will make
possible
both
increased
production
of
electric
tools
and
increased
manufacturing efficiency;
in this connection, Mr. Sullivan
said, Skil¬
saw. in 1943 was able to
accomplish a 44 % Increase in
dollar produc¬
■
P.
ciation
Balance
hand and
receivable,
trade,
Sheet,
March
31,
1944
on
less
of
$7,983,592 and reserve for loss on demolition, disposal and
in use of property and facilities, and carrying charges on
property held for sale of $1,836,019), $10,093,169; prepaid expenses and
of
7,650,443
10,036,051
19,442,272
285,897
620,871
870,075
195,552
539,766
159,
income—
8,466,806
11,445,892
21,685,245
Southern
'
—Week End. April 21—
1944
Gross
^-V.
earns,
159,
p.
(est.)—
$6,821,701
.
.
1943
—Jan. 1 to April 21—
1944
1943
for
Federal
payroll
deductions for
income
and
will
excess
Federal
income
taxes
other current liabilities, $350,472;
termination contingencies
and
patent
rights,
profits
taxes
(less
and
post-war
and
War
Savings Bonds,
for
reserve
reconversion,
war
contract
$2,400,000;
com¬
stock
(par $1), $2,320,481; common stock subscribed but unissued
shares), $35,000; capital surplus, $18,155,829; earned surplus,
$11,363,448; total, $96,415,170.
Retirement Plan Approved—
The
stockholders
retirement
pany
and
at
annuity
the
annual
plan for
meeting
certain
participate
entirely
held
salaried
on April 25 approved
employees of the com¬
its subsidiaries.
under
the
plan,
Mr.
Vance
an
annual
more
rate
in
excess
of
of
of service, are eligible
explained.
Participation
voluntary
least 75%
$6,373,415 $104,837,318 $98,464,659
1803.
corporation reports
reserve
$1,789,697;
to
but the plan cannot be put into effect unless
eligible employees join, he added.—V. 159, p. 1290.
is
at
Sylvania Electric Products, Inc.—Plans Expansion—
Spencer Shoe Corp.—Sales Off 11.35%—
The
good
All employees
receiving base salaries at
$3,000, who have completed three years or
Railway—Earnings—
Period—
trade name,
United States Treasury Tax Savings Notes to be
applied in payment
thereof, $6,012,800), $7,604,890; reserve for material commitments can¬
celations, $215,370; customers' deposits and credit balances, $539,914;
a
1803.
p.
$501,130;
$96,415,170.
$6,642,802;
1,656,317
4,342,644
cos._
charges,
Liabilities—Notes payable to banks—Regulation "V" Loan (VT
Type),
$32,000,000; accounts payable, trade, $12,997,265; accrued expenses,
586,656
150,913
solely
affil.'
net
deferred
$1; total,
(35,000
3,905,833
'
Consol.
—V.
S.
adj.—credit—
,
-
on
deposit, $31,834,224; accounts and ac¬
reserves, $1,304,587;
accounts receiv¬
able from United States Government,
$33,152,659; inventories, $17,871,371; cash-and bonds held under Employees' War Savings Bonds, de¬
duction plan, $400,961; other current
assets, $609,650; non-current
investments and receivables, $215,363; post-war refund of excess
profits
tax, $432,056; property, plant and equipment (less reserves for depre¬
ceptances
mon
of
System-
income
controlled
Consol.
Skilsaw, Inc.—Annual Report—Sales for 1943 showed
a
gain of approximately 23% over the previous year,
Bolton Sullivan, President,, told stockholders in the an-r
nual report.
Billings for the current year continue to
show a substantial gain, he said.
Assets—Cash
change
Net
Transp.
1802.
authority of Federal Statutes.
Consolidated
Pacific
.
$6,774,459,
the
-V. 159, p. 1598.
1802.
above.—V.
•
foreign_™
—
Provision
$649,920
revenue
Operating
Net
Oil Corp.
from
Provision
Other
Sinclair Oil Corp.—To Retire
$750,000 Debentures—
See Consolidated
1944
'
•
and
on property, plant & equipment—
debentures.—
Amortization
Southern Indiana Gas & Electric Co.—Earnings—
30,000
deemed to be required for Federal
159, p.
Subs.)—Earnings—
•
domestic
Depreciation
Southern California Edison Co., Ltd.—New Director—
Total
$0.37
made,
439,004
100,000
stk.-
'
Mfg. cost and selling & general
Interest
Ry.
296,768
11,000
82,500
___L—,
cap,
(&
3 Months Ended Mar. 31—
$362,310
1598.
Ry.
22,427
528,772
926,366
tax-;
Note—No provision
-
20,239
liabilities were $1,712,829.—V.
f
186,583
2,455,773
497,481
.
$37,919
!
-
$929,536
loans_-.
for
'
466,974
3,871,481
5,456,551"
Rapid Transit Ry.—Earnings—
from
From
$6,377,236
2,966,419
4 202,694
[744,122
152,367
53,215
$1,546,804
for-contingencies.,
of
1941
$2,367,167
787,109
•
Prov.
As
1942
$2,117,103
expenses
Prov.
cess
1943
$2,096,368
r
tyeprec., depletion, etc._-
Net
Net
1944-T2 Mos.—1943
$7,502,642
—$52,205
stock
Southern
income
Interest
Co.
______
$584,775
215,329
Balance
1802.
Balance
Other
765,436
justment
Seaboard Oil Co. of Delaware (& Subs.)—Earnings—
oper.
334,573
'
.
2,802,842
Operating
-
1941
$5,848,812
2,894,109
2,123,000
Quarter End. Mar. 31—
Gross
>'
1942
$8,152,338
6,340,581
5,245,172
...
37,095,047
P.
1941
.$914,863
686,540
elected
public
Electric
railway—__
Net from railway
309,437
"
the
of
&
Staten Island
Co.—Earnings—
.
output
March—
,
railway
railway™—-.
oper.
1942
$1,456,336
1,079,262
141,943
Carbonara has been
Gas
Earned
1943
railway— $12,875,701 $13,011,603
railway
from
from
income
oper
1804.
p.
1597.
a
From January 1—
Net
unmatured
'
—V.
Fed.
ope^.
$945;
$2,029,350
5,253,021
1,095,409
1944, totaled 187,560,000 kwh.,
the
corresponding week last
$30,000 in 1944 and 1943, $13,000
equity of this company in its
taxes)
1
pfd.
on
Seaboard Air Line Ry.—Earnings-
ry.
unpaid,
1943
$1,834,122
349,905
115,238
Standard Gas & Electric
the
$105,420
other
income
Divs.
to
2,400,000.
.
Gross
matured
159, p. 1486.
Victor E.
$527,253
$0.94
of
in
$674,103
taxes}-
prof,
'
Square D Co.—New Director—
taxes".—f7(J6,099
exc.
1943
1—
_
1944—Month—1943
-
31,
$877,911
$445,564
$0.23
increase
deprcc.™—-
and
Net
Employee's Share Purchase Plan would authorize the allotment
of 187,500 common
shares, after the split-up, for sale from time to
time to key employees.
The plan proposed by the board
specifically states that Lewis S.
Rosenstiel, Chairman, and Lester E. Jacobi, President, at their own
request, shall not participate in the plan.—V. 159, p. 1802.
/
ry.
Standard
150,000
'$166,512
-
dividends
railway—..
railway—.
from
370,000
1,593,000
75,000
share-
—
$8,905;
income—.
Jan.
Electric
in
Dec.
8,630
595,000'
v
Sheet,
1944
oper.
Net
$905,884
'
™
Balance
railway™.
railway.——.
'
The
from
$157,622
from
Net
&
Gross income
Int.
June 9.
on
shares
from
$378,427
-
27,972
$2,192,568
$844,920'
...
expenses—"
for
Federal
pf $5 par value stock now held.
The split-up, if approved by stock¬
holders, would increase the number of common shares outstanding from
1,260,000 shares to 1,890,000 shares, and the number of authorized
Gross
ry.
From
17,642
—_—;
$2,169,040
taxes—
$89,530
revenue
Federal
Split up of the common stock would result in each shareholder re¬
ceiving three shares of stock of $3.33 Va par value for each two shares
Net
12
$335,136
income
from
Gross
„
Net
52,619
1,620
net
unpaid,
from
236,932
6,000
.
include the
and
General
split up the common stock three shares for two and to institute a
stock purchase plan for employees who have
shown'outstanding ability
and who have made significant contributions to the business.
common
6,763
438
,-
directors
special
4,286
Spokane Portland & Seattle
Ry.—Earnings—
•
30,428
South Carolina Power
Prov.
the
7
The
—
.—————
deductions
March-
Gross
post-war
com.
not
Operating
refunding mortgage 5% gold bonds,
an
Schenley Distillers Corp.—Stock Split-Up Proposed—
May Sell Stock to Employees—
The
for
per
Gross
$90,000, at prices not to exceed 103 and interest,.!' Interest on
accepted will cease to accrue after May 24,
1944.—V. 159,
1802.
p.
1,
of
noon
of first
it
Sept.
v.,
32,777
——
Period End. Mar. 31—
Bank
$210,253
accrued, $126,783; accrued tax liability, $320,763; other cur¬
liabilities,
$1,445,834;
deferred
liabilities,
$3,376;
unadjusted
credits, $544,992; additions through income and
surplus, $51,651; ap¬
propriated surplus not specifically
invested, $50,000; earned surplus,
$330,693; total, $9,458,114.—V. 159, p. 1803.
Gross
o'clock
12
bids for the sale to
.
30,782
partly-owned
1390.
National
•
$814,138
for Federal
1942,
Savannah Electric & Power Co.—Tenders—
The
$386,811
—
rent
Net
246,520
profit "-.!
"Does
in
>
...
12,551
$339,860
—
interest
90,000
246,031
;•
contingencies
299,796
134,894
\
$197,702
5,026
$2,846,400; long-term debt, $2,817,400;
balances—Cr, $700,195; audited accounts and
payable, $203,635; miscellaneous accounts payable, $543; interest
wages
150,000
235,753
11,712
i
551,715
*52,059
$381,784
7,365
Liabilities—Common stock,
traffic and car service
6,214.675
200,000
124,500
income
Provision
Earns,
railway.*
railway.-™—
$332,495
1941
180,000
■
8,408
State
1941
$132,140
21,715
'
2 842
52,928
$5,946,157; cash, $1,208,455;
temporary cash
special deposits, $59,850; net balance receivable
from agents and
conductors, $191,508; miscellaneous accounts receiva¬
ble, $1,279,327; material and supplies, $185,553; other current
assets,
$2,155;
deferred assets,
$1,655; unadjusted debits,
$183,310;
total,
$9,458,114.
$7,501,661
exps.
________
Tdtal income
•
1—
from
from
Net
<
$216,150
•■
2,646
88,380
General
159,
$7,822,213
prop-
——
Other income
Provision
1942
*30,755
income™
oper,
From Jan.
58,711
Assets—Investments,
—V.
-Earnings—
1943
$204,750
railway—
$247 789
Investments, $400,145;
of
Pacific
.
March—
$467,518
™,
charges
Net
Interest
Gross
359,318
$432,272
income
operating income
Miscellaneous
paid-in
$2.752,536.—V.
1943
160,500
.
erty and income—„Prov. for doubt, accts.
who have been authorized to purchase it by orders of the
having jurisdiction of the respective reorganization proceedings.
148, p. 2756.'.
1941
638 923
3,867
income
Available
total,
$9,281,054 $10,997,316
7,907,386
8,251,816'
for depreciation—
facilities
railroads
courts
allowances
Sell., gen. & adm.
Taxes, other than
betterments, and for other lawful corporate purposes..!
will
the
103,645
income
Fixed
Prov. for amort, of spec.
$557,000 of matured first-mortgage 30-year 5%
provide additional working capital, to pay for minor
Denver
new
1942
$1,99
135,018
1943
($2
$939,566;
1944
&
cost
Prov.
retire
to
weeks of
below
'
sales, less discts,,
returns
159, p. 1485.
to
five
$945 424
™
Net railway
Corp.—Earnings—
3 Mos. End. Mar. 31—
Gross
on
used
same
859,849
373,831
accruals—
payable
Other
586.
p.
April 15 authorized the company to issue not exceeding
$600,000 of preferred stock (par $100), to be sold at par and the pro¬
ceeds
the
$1,701,198
82,710
._
!—™™
—
Balance
surplus,
Salt Lake City Union Depot & RR.—Stock—
The
for
$2,009,205
1,217,615
revenues
Rent income
Total
income
profits
36,348
36,042
profits tax
excess
dividends paid—
profit per sh. (before post-war refund)—
Mfg.
:
those
ending April 1, 1944. 12 9%
ago.—V. 159, p. 1391.
year
901,570
103,968
prof, taxes
excess
tax
"
"Deficit.—V.
a
expenses
Railway operating
972
1,120,000
$272,685
Fed.
for
390,060
508,159
1,058,278
railway
oper, income*.
of
1943
operating
operating
$1,959,910
896,800
Railway
23,485
$2,289,485
-
1—
from
Net.ry,
$1,936,425
(at
cost, less amortization),
$950;
other
assets,
$14,280;
deferred
charges, $26,480;
post-war refund of excess profits tax,
$186,678;
total, $2,752,536.
1941
$349,728
254,330
-
oper,, income
From Jan.
1942
Liabilities—Accounts payable, $155,349; Federal and State taxes
pay¬
able $45,335^ employees' bond accounts, $4,357; accrued
pay roll, insur¬
ance,
taxes,^etc., $50,706; provision for Federal income and excess
$441,168
'
railway..
below
weeks
18
Spokane International RR.—Annual Report-
31
Assets—Cash on hand and in banks, $597,984; U. S.
Treasury cer¬
of indebtedness due April 1, 1944, $300,000; accounts receiv¬
able, $735,593; ^inventories, at the lower of average-cost or market,
$644,419; inventory, U. S. war savings bonds, series E, $2,775; property,
plant and equipment (net), $243,375; patents and patent applications
2,484,697
railway
the
tificates
3,270,640
4,011,055
Gross from railwayNet
Net
"Net
1941
7,877,137
v
Dec.
$2,257,116
income
*Net
Cash
;
,
:
Ended
excess
St. Louis San Francisco & Texas Ry. —Earnings—
Gross
Accounts, Years
,
and
27,251,661
,
income—
oper.
11.35%
1944,
for
'
Only.
$9,090,460
1,194,499
railway—A.
railway
Income
administrative and general expenses
charges
...
Post-war
in
1"—
from
Net
$890,490
$9,418,559
2,693,538
—
railway
oper.
ry.
estimated
of Company
1944
from
ftfet from
for
$4,290,035
1944
,'!•
Earnings
Net
March
.
taxes, compared
period last year.*.
and
corresponding period
•
$2,256,761
in
1944
31,
profits
ending April 1,
1943;
sales™.
on
income
Belling,
16,766
t
.
1901
Calendar Years—
Provision
,l"Bal.
per
51,642
$2,264,870
production
1943
$5,909,771
25,672
„!
to
of
1,401,126
$1,281,137
—
income
prior
years
rate
average
1942.
company
Total
Total
five
the
over
power
Gross
Net
the
in
employee
now
offers 48
different
tools for sale,
varying in
and adaptability, compared with only a few in limited sizes
appealing to a comparatively restricted market ten years ago.
$9, 546,040 $28,668,605 $26,133,352
959,198
3,609,783
2,692,680
1, 568,963
5,315,778
4,484,444
>1,838,475
_
expenses™!
•
tools, per
of
sales in its retail stores for the five weeks
The
fact
capital
Electric
that
stock
of
negotiations
are
Colonial Radio
Products,
Inc.,
was
underway
Corp.,
of
announced
for
the
Buffalo,
jointly
on
purchase
N.
Y.,
May
of
the
by Sylvania
2 by A. H,
President
Gardner,
Colonial,
of
E.
Walter
and
Poor,.
United Aircraft Corp.—New Director
President of
Sylvania.
Since
1931,
Colonial
Radio
been
has
Corp.
manufacturer of radio
a
automobile
operate in
principally for Sears, Roebuck & Co. and leading
It Is expected that they will continue to
receivers
manufacturers.
these
entirely of radio
the armed services.- This compared with a 1942 volume
and with $9,000,000 in 1941.—V. 159, p. 774.
equipment for
Of $14,000,000.
$56,000,000 was made up
volume of
1943
Gross
Net
ry.
$457,034
126,690
$402,144
132,061
$309,876
66,256
income—
52,683
76,543
38,005
36,463
1,355,698
395,576
1,081,496
310,506
173,845
843,843
704,302
163,361
207,653
oper
From
Gross
railway
_
railway,
Net ry. oper. income—
—V. 159, p.
158,318
213,204
71,903
83,333
83,333
5,501,893
1,989,136
845,216
1,000,000
$258,377
$264,659
$3,591,495
$3,631,536
3,674
——
93,867
73,641
Operating expenses
1,856
33,385
22,187
taxes
taxes
Prop, retire, res. approp.
Net
revs...
oper.
Other
—
charges
Divs.
applic,
$3,653,723
$113,130
$1,776,775
$1,805,526
375,678
375,678
Net
ry.
railway
169,419
income
—V. 159, p. 1598.
oper.
ry.
Gross
Net
ry.
Gross
from
Net
ry.
—V.
income.
United
Louisiana
and
Co.
Ice
into
Federal
Other
82,282
Net
107,369
54,407
Cost
33,693,464
of
17,091,826
4,390,488
7,374,037
__
common
from
3,302,680
392,051
2,076,914
349,935
Net
$487,449
$115,574
79,394
$541,410
$194,968
$448,933
92,126
Interest
34,449
96,660
43,026
66,332
95,377
15,195
for
12,797,837
and
Fed.
taxes
4,076,430
Normal
2,310,617
:
other income charges.
and
foreign
Co.—Earnings
1944—12 Mos.—1943
1944—Month—1943
$1,072,309 $15,278,160 $12,839,947
5,260,656
5,995,076
450,710
192,951
90,246
67,755
2,333,896
768,702
1,236,385
65,972
100,000
100,000
1,200,000
1,200,000
276
552
5,555
6,792
investments
Net oper. revs.___
Other income (net).
$4,440,171
74,856
21,450
Excess
profits
$364,659
194,665
$5,049,787
2,301,343
$4,461,621
201,143
$169,994
$2,748,444
$2,144,066
865,050
—
pfd. stocks....
2,317,555
14,710
also
and
Chairman
has
elected
been
company's
per
thiokol polysulphide rubber, has been
Salesmanager for many years,
H. R. Ferguson
Vice-President and will continue in charge of
J.
Crosby,
W.
a
operation
plant
company.—V. 157,
and
new
Note—The
called
been
for
redemption as of June
1, 1944, through
outstanding 3V2%
sinking fund debentures due April 1, 1960, at 1013/4 and interest. Pay¬
the Central Hanover Bank & Trust Co., trustee,
S.
securities—at
Govt,
Other
accounts
Bals.
...
from
from
Net
to
Other
.
against
as
goodwill,
—1
etc
309,196
re-employment
with
bers of
the
entirely
179,198
taxes
Govt, contracts:
of
account
on
368,082
1,291,680
479,422
637,739
546,077
1486.
for
6,002
133,000
1,059,450
1,095,082
1,427,083
2,184,396
92,500
1,071,450
1,095,082
1,426,246
2,102,571
post-war conting.
stock ($50 par)
stock
159, p.
adjustments
and
par)_.
($5
from
Net
ry.
—V.
1944
1943
$137,382
$103,898
29,767
income...
13,109
42,063
20,767
April 24 announced extensive plans not only for
rehabilitation of its own personnel now on
services but for the absorption of large num¬
25,122
13,677
389,441
105,598
50,589
320,469
73,333
/
27,290
413,582
railway....
railway
100,670
...
Income
oper.
159,
new
$83,345
23,852
16,473
1—
Jan.
from
41,711
243,320
64,608
of
32,218
Operating
requesting
military leave,
experience and
information concerning military record,
have been answered. Approxi¬
12'7 of the individuals have indicated a desire to enter a dif-1
ferent job classification when they return to the company; 75 % have
received specialized training since going into service.
education acquired while in service, 75%
mately
demobilized
A
roll
at
after
the
his
same
serviceman
salary
personnel
prescribed
to fit him
"United's personnel
1944,"
said
he
record
at
the
outset will
received
will be
before
be
going
reviewed and
for whatever position
entered
into
on
the
service.
pay¬
to.
has increased from 4,300 in 1941 to nearly 8,000
"This figure is expected to Jump to more
than 18,000 within four years after the war."—V.
159, p.
1806.
and
amort.
...
...
Depreciation of buildings and
Amortization
of
tExcess
normal
Additional
Net
tax
...
and
for
surtax
1941
*1942
$6,183,434
1,211,849
3,339,830
632,712
$1,264,918
42,482
$999,044
16,525
$1,307,400
25,469
4,602
684,045
47,000
39,287
per
$343,897
common
renegotiation
of
war
contracts,
Balance
Assets—Demand
contracts,
of
$457,421;
deposits
and
California
plant
and
$262,156
<$3.32
$2.32
share
profit was $185,166.
$95,300 in 1943 and $76,005 in
refund
23,700
1942
net
notes,
1944
$4,358,151
111,426
♦Net
profit
Earned
...
share
per
shares
mon
...
426,100
on
1943
$4,322,312
126,945
1941
$3,724,007
91,730
$0.26
sales
$0.29
$0.21
com¬
outstanding
depreciation, State and social security taxes and reserve
Federal income and excess profits taxes.—V. 158, p. 1864.
♦After
for
Walgreen Co. (& Subs.)—Earnings—
6 Months Ended March
Gross
sales,
taxes,
Cost
of
profit
1942
$61,497,486 $56,340,872 $46,429,177
38,848,576
35,282,857 29,405,093
sales........... $22,648,910
on
185,318
income
operating
1943
3944
31—
and excise
etc
sales............
Gross
Other
sales
less
returns,
$21,058,015 $17,024,079
206,352
149,883
Total
Gen.
$22,834,228 $21,264,367 $17,173,967
...
adv.
Sell.,
and
13,492,322
and occupancy expenses
administrative expenses..
16,110,736
15,050,395
479,835
469,628
470,801
operations......
$6,243,657
$5,744,344
$3,210,844
profit
from
income
Other
Total
Other
247,763
—
$6,491,420
income
393,681
charges
Normal
Net
544,499
858,000
785,000
*2,663,000
250,000
$2,117,739
400,000
$2,037,031
320,000
$1,754,567
$1,717,739
6,145,636
$1,717,031
5,368,088
$1,754,567
4,493,590
$6,253,157
211,998
.
;
...
——
contingencies
post-war
353,492
890,000
$7,863,375
taxes
profit
for
123 222
$3,334,066
3,090,000
and surtax....
tax
profits
Excess
167,179,
$5,911,523
net profit
beginning of period
Divs.
surplus
on 414%
common
on
end
Balance
of
tAfter
1942.
accounts
State
sales for 1942 were $5,908,434
deducting post-war refund of
banks
receivable
franchise
equipment
and
taxes,
(net),
cash
(net),
1943.
$353,719;
1,033,988
1,033,988
$5,839,133
$1.16
$5,007,171
....
period
$1.16
common...
credit for 1944
cluding adjustment of 1942,
♦Less
$340,000
post-war
Balance
Sheet, March 31
1944
1943
$9,369,087
6,414,811
600,188
$9,236,159
2,198,787
670,961
16,011,637
15,188,915
814,155
1,067,987
/_
1,822,457
6,138,652
1,638,262
7,349,609
amortization
285,485
1
355,932
1
Treasury tax notes and savings
S.
$1.19
and $320,000 for 1943. in¬
banks, in transit and on hand
in
U.
Accounts
.
bonds—
less
receivable,
reserves...
Inventories
Prepaid
insurance,
♦Fixed
Short
advances
(including
taxes, etc.
rent
and other assets.:
assets
hand,
$702,568;
$10,332;
post-war
$379,072;
claim for
inventories,
refund
of
lessors),
—,
at cost, less
leaseholds, etc. _—
—
Total
$41,456,473 $37,706,613
-
Liabilities—
Accounts
payable
.
...
—
Employees' investment certificates
.....—.
Accrued payrolls, rentals and other expenses..
Accrued taxes other than Fed. taxes on income
Provision for Federal taxes on income
contingencies
......
4'/2% preferred stock (par $100)
Common stock (1,292,485 shares, no par)
Reserve
for
post-war
surplus
stock (5,775 shares)
*
.
Treasury
on
to
(net)
life equipment,
Earned
Sheet, Dec. 31.
in
$7,085,118
211,998
$6,617,389
stock
share on
Earnings per
211,998
1,033,988
stock
pfd.
paid
Dividend
$1,015,569
t__
and
income
*After
and
tax
equipment.
patents
profits
Earned
(& Subs.)—Earnings—
Waldorf System Inc.
Quarters End. Mar. 31—
Total
Goodwill,
income
There¬
he may be assigned
deprec.
net
income,
retraining courses will
Mr. Ahrens.
before
oper.
Federal
on
2,961,641
Cash
1943
$8,817,536
30,502
4,602
857,700
....
expenses
from
Total
4,142,661
1,904,147
—V. 159, p. 1599.
Investments
Other
7,177,778
3,476,561
1,888,866
Assets—
2,086,139
4,684,539
781,940
—
and allowances,
returns,
goods sold—_
Profit
6,902,022
3,460,354
1,868,269
..
incoirie..
Consolidated
sales
Discounts,
Cost
railway
1393.
p.
Victor Equipment Co.—Earnings—
Gross
617,474
6,935,138
7,882,827
3,648,954
railway
oper.
Total
1941
1942
$133,217
Years Ended Dec. 31—
and
1,314,260
633,649
1941
$2,479,930
1,390,590
981,980
1—
Balance,
railway....
oper.
Gross
V
1393.
railway......
from
from
Net
Cargo.
$2,309,672
1,165,050
635,111
Ry.—Earnings—
in mail ton-miles flown was shown today in esti¬
March with an increase of 49 %
P.
t——
March—
From
1942
1943
$2,474,551
1,271.533
$2,754,870
railway
from
ry.
Balance
Utah
of
1943, according to an announcement of C.
Net
Net
Prov.
Net ry.
and $24,822 in 1942.—V. 159, p. 682.
$9,916,495
—...
accounts
Total
Gross
acquired while in the Army or Navy.
questionnaires sent to every employee
the
of operations for first quarter after
depreciation and depletion amounting to
for
500.695
6,959
contracts
Accounts payable and accrued
credits
1,300 employees
Of
$22,479
results
shows
allowance
oper/income..
from
Net
$8,515,731
Advances
646,422
268,604
98,010
These
education
24,781
*$7,374
179,198
Deferred
424,100
*2,742
*73,688
flew 1,291,424 mail ton-miles as compared
March, 1943.
Express ton-miles totaled 334,662
for the same month last year, a gain of 27%,
armed
income
$500,000
491,128
1,159,944
—-—
Bals. relat. directly to emerg.
1,113,025
employees following demobilization. The company
in the service and expects this figure to rise.
plans have been in quiet operation since last December, accord¬
ing to R. F. Ahrens, Director of Personnel. They call for periodic con¬
tacts with in-the-service
employees;
rehabilitation of the physically
handicapped; indoctrination on important changes within the industry
and specific training consisting of refresher courses in various company
activities;
familiarization with
new
company
policies ' and post-war
plans, and specialized training to augment technical training and other
Las
normal
Federal
$422,517
1,160,541
accounts
profits taxes
excess
surplus
United
during
The corporation on
leave
56,979
$6,958
'
payable—banks
payable & accrued
and
$9,916,495
$8,515,731
—
Earned
638,305
month
1
;
Liabilities—
$240,005
107.540
28,762
801,895
111,285
1
86,134
1,010,831
....
Total
$181,974
40,032
16,533
Preparing for Post-War Expansion—
the
150.637
18,715
17,423
77,100
94,597
reserves)
(less
Patents,
—V.
159, p.
month,
866,482
462,874
44,999
619,055
1,333,372
contracts
Government
Account
$405,437
237,348
206,237
Director of Air
that
In
with
54,499
,
Plant property:
1,367,943
;
/
.
548,006
455,804
cost
...
76,100
investments—at cost....,
.
111,395
in European sub. (nominal, value)—1
199,158
276,260
all-time high
Graddick,
etc.
contracts,
leases,
$467,618
income
same
,
-
and
on
'
475,546
40,047
455,128
„——
by U. S. Govt...
Govt.
surplus
railway.
the
over
'
190,804
29,388
143.030
20,080
17,456
.
I
Capital
figures of United Air Lines for
mated
Govt, contracts:
deferred charges_.___.__...
Due from employees—incl. exp, funds
Prepaid
Common
United Air Lines, Inc.—More Mail Ton-Miles—
new
;
receivable...
accounts
Other
Gross
$627,070
150,000
913,255
1,633,564
2,989,739
150,000
609,220
1,571,502
2,747,535
...
—
Inventories
Net
A
ry.
receivable—U. S.
1941
income—
railway
oper.
ry.
46,029
railway
From Jan.
...—
emerg.
be reimbursed
to
Accounts
1942
railway
Deficit.—V.
Net
....
(restricted)
Preferred
From January 1—
Gross
Net
$0.37
—
direttly
relat.
Cash
1943
railway
oper.
$0.05
Sheet
cost..
receivable
receivable....,
accounts
1944
from
from
ry.
$0.37
Balance
Mar. 31,'44 Dec. 31,'43
Instalment
Res.
RR.^-Earnings—
& Western
March—
Net
158, p. 1864.
New York, N. Y.—V. 159, p. 1191; V.
Toledo Peoria
Net
from
$650,532
Income
ment will be made at
Gross
$47,260
1944
from
Net
Assets—•
U.
Gross
16,039
Cash
Notes
$182,000 of Debentures-
operation of the sinking fund, a total of $182,000 of
70 Broadway,
$49,604
etc.....
above
made
15,076
share..—...
common
Accounts
have
21,691
$61,458
Virginian Ry.—Earnings-
$98,145
product department.
1093.
p.
Toledo Edison Co.—Calls
There
$25,569
53,144
$61,798
...
interest,
14,567
Consolidated
Invests,
Dr. C.
Emmett Reid has been elected a director to fill the vacancy caused
by the death on March 1, last, of Bevis Longstreth, President of the
the
Earnings
Sundry
Vice-President and General Manager.
elected
been
$136,892
.
Mortgages receivable—at
(Del.)—New Officers Elected—
Dr. J. C. Patrick, discoverer of
elected
income
having
145,776
$25,378 "
182,567
period.—
dividends
Deposits
865,050
.
159, p. 1392.
Thiokol Corp.
lias
*$3,540
63,780
$29,086 in 1944, $30,617 in 1943,
tax
for
income
Amts.
$166,736
to
*$2,322
(est.):
Inventories
$367,879
____
charges
applic.
—V.
8,842
794,943
$4,974,931
$363,037
1,622
$359,037
...
income
Divs.
*$5,143
66,941
♦Loss.
57,154
income
tax
Preferred
$1,221,734
503,498
Prop, retire, res. approp.
Amort, of limited-term
Net
386,047
March—
revenues—...
income
$411,616
20,716
...
sources
81,526
income
1941
$17,176
28,488
63,896
Deprec. of physical property
Gross
1942
$26,166
33,099
Net profit
1,409,714
Scott,
$27,956
profit-
Bond
$385,037
53,961
operations
expenses
operating
Total
and
-Earnings1943
1944
revenue
Rev. from other
1,241,480
442,390
Inc.;
Mason-Hagan,
Norfolk;
of
Corp.
$15,769
Gross operating
$2,068,907
other income.
and
F.
C.
Mason, Inc.—V. 159, p. 1700.
1942
1943
$2,542,423
and gen. expenses
meetings.
headed by Stone & Webster and Blodgett, Inc.,
Corp.; Harriman Ripley & Co., Inc.; Scott &
Cassell & Co.; Davenport & Co.; Galleher & Co.,
Virginia Iron Coal & Coke Co.
1944
sold—.
the
of
Quarter End. Mar. 31—
(& Subs.)—
$4,182,181
...
—
goods
Profit
19,494,168
7,697,848
3,814,910
32,176,258
15,607,384
taxes
Gross
notice
Investment
Horner &
Operating
sales
Prov.
Income.
A
class
Quarters Ended Mar. 31—
Interest
1941
1942
793,488
taxes
Interest
with
The investment group,
includes The First Boston
the bonds permitting their
stock of the corporation at any time
States Hoffman Machinery Corp.
United
286,824
1,626,328
Operating expenses
in
(1) proceeds of the sale of
Service, Inc., pursuant to
Ice
group
to
preferred stock of the merged company
Inc.;
150,238
2,640,458
Texas Power & Light
be
cluded
a
and
of new $5
of
provision
the
to
Merger Program-
on
company
of investment bankers to solicit proxies for the
underwrite, at not less than $114 less $1.50, any shares
which assenting pre¬
stockholders
of either company may desire to sell, were in¬
of
ment
merger
Stringfellow;
called
is
of
ferred
Pay¬
Chest¬
corporation.
405,196
1.943
1,411,614
Period End. Mar. 31—
■
1944, $675,($654,650 of
159, p. 1486.
Operating
"
1960
plans, approved by the Securities and Exchange Commission by order
entered Dec. 22,
1943; (2) proceeds of other miscellaneous pledged
securities, and (3) sinking fund payments and other cash supplied by
Net
>
1,
due Jan.
bonds
Sts., Philadelphia, Pa.
These bonds are being redeemed out of
$4,473,065
railway-
oper.
convertible
trust
Earnings—
$7,402,045
3,259,618
__
railway—
from
collateral
nut
33,042
1—
From Jan.
of
for Bids—
and Virginia Public Service Co, will meet
on May 17 to vote on merger of both companies.
Copies of the prospectus of Virginia Electric & Power showing agree¬
prior to redemption date.—V. 159, p. 51.
$11,202,583 $11,655,539
4,760,650
6,216,693
railway-
railway___
oper.
Net
59,948
1944
from
from
a
do
stockholders
series A and $20,350 of 5 V2% series B) at 104 and interest.
ment will be made at the Provident Trust Co., trustee, 17'th and
41,259
Orleans RR.—Earnings—
March—•
Net
1941
682.
p.
$23,000,000 first and
refunding mortgage bonds series D 3%, due April 1, 1974, will be re¬
ceived by the company at the office of Engineers Public Service Co.,
Inc., 90 Broad St., New York, before 12 o'clock noon, on May 22, 1944.
Called—
corporation has called for redemption as of July 1,
The
000
Sell., admin,
New
Texas &
last year did not use
had been arranged, but might
.
public invitation for bids for the purchase of
A
need
company
provision
including
159,
1941
-
$295,236
$2.08
$236,132
$1.64
Virginia Electric & Power Co.—Invitation
$113,230
76,617
532,872
277,458
225,984
543,468
250,034
railway
from
from
1942
$165,172
1—
Jan.
From
Gross
1943
77,338
income—
oper.
the
that
6%
conversion
$187,203
99,147
83,719
1944
$215,553
111,155
railway
railway_
from
from
"After
charges,
1942
1943
1944
$176,837'
$1.18
Stockholders to Vote
Attention
Ry.—Earnings-
March—
Net
added
He
Inc.—Earnings—
share.
com.
the
pfd. stock
to
expected.
United Public Utilities Corp.—Bonds
1,848,197
159, p. 1392,
Gross
Net
$3,624,880
1,848,105
be
banking credit of $5,000,000 which
this year,—V. 159, p. 1488.
per
taxes.—V.
so
Alabama
$107,483
Texas Mexican
Net
$266,515
153,385
154,568
—
income
Net
413,568
$262,051
income
Interest
—V.
(net)
income
Gross
$11,128,435
4,520,552
1,111,250
865,097
1,000,000
$927,330 $12,927,740
$1,081,163
452,608
week.
a
(including
$260,743
$1.79.
for
depreciation, profit-sharing
and all other
a
reserve for Federal
income and excess profits
profit
Earns,
shifts
had
plants were running three
1943
Sales in 1943 were 30% above 1942, which
been 40% above 1941.
Net profits last year rose 9%.
He declared that no refund of 1943 profits after renegotiation
1944—12 Mos.—1943
1944—Month—1943
Period End. Mar. 31-
related that in
Biggert
days
loan, $250,000;
other
expenses
income
on
Quarter End. Mar. 31—
*Net
conditions."
normal
accrued
and
taxes
Van Raalte Co.,
Foundry Co.—Orders Heavy-
Existing orders of this company are heavy and insure "ample pro¬
duction through the major part of 1944," F. C. Biggert Jr., Chairman
of the board, told stockholders at their annual meeting on April 25.
He said many inquiries represented post-war requirements of industry
and "indicate a normal resumption of our business with the return of
Mr.
Service Co.—Earnings—
payable
Federal
159, p. 1159.
N. Y.—V,
United Engineering &
seven
Operating revenues
Federal
107,416
75,036
1700.
Texas Electric
Other
71,347
1—
Jan.
from
from
Called—
1, 1944, through
outstanding 3V2% deben¬
tures, due April 1, 1955, at 10214 and interest.
Payment will be made
at the office of Goldman, Sachs & Co., fiscal agents, 30 Pine St,,
York,
to bank under regulation V
payable
than taxes, $284,093;
$13,360 additional for
1942) (less U. S. Treasury tax savings notes, series B and C, including
accrued
interest $701,520),
$311,840; other taxes, $63,588; preferred
stock (par $5), $360,345;
common stock
(par $1), $81,775; capital
surplus, $214,927; earned surplus, $512,976; total, $2,079,544.—V. 158,
p. 1943.
has called for redemption as of June
company
assets,
Liabilities—Note
accounts
United Biscuit Co. of America—Debentures
The
profits tax, $151,305; patents, less amortization, $12,403;
$4,704; deferred charges, $8,021; total, $2,079,544.
excess
miscellaneous
1941
railway....
railway
from
Federal
Elected—
has been elected a
Co.,
operation of the sinking fund, $350,000 of its
$242,996
from
Net
1942
1943
1944
&
accrued
New
Ry.—Earnings-
Tennessee Central
March—
Ripley
Harriman
of
Ripley,
P.
director.—V. 159, p. 1806.
markets.
Colonial's
Net
Joseph
Monday, May 8, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1902
.
*—
—
1,027,907
7,953,671
900,000
10,000,000
11,484,112
6,617,389
Dr511,187
$3,024,980
119.040
746,238
929,476
5,754,821
320,000
10,000,000
11,484,112
5,839,133
Pr511,187
$41,456,473 $37,706,613
Total
♦After
$2,917,052
109,730
957,799
deducting
leserve
$6,267,834.—V. 159, p. 1600.
for
depreciation:
1944,
$6,854,139; 1943,
Yolume 159
Number 4279
Warner Aircraft
THE COMMERCIAL & FINANCIAL
Cost
of
1943
Profit
manufacturing
ations (before deprec.
Miscellaneous
Total
Taxes
$3,073,005
Restricted
4,354,528
from
2,263,722
Restricted
and
of Fed.
Liabilities—$6
$1,322,447
$809,283
8,309
6,627
$1,334,457
„_
depreciation
income and
refund
194,806
112,633
234,752
30,400
18,050
*373,553
473,654
f584,996
t53,840
profit
26,750
renegotiation to $386,553.
tlterns subject to re¬
negotiation.
tReduced through renegotiation to $21,684,
HReduced to
$87,288 through renegotiation.
Net
ry.
<
Assets—
.
Receivables
(less
Deposits
purchases
^
on
Inventories
Guarantee
Post-war
reserve)
deposits
refund
—.
542,286
—
—
receivable,.machinery sales
Treasury stock
—
Deferred
charges
(Develop., experimental,
;
—
patents,
33,385
9,608
designs, etc..
101,823
692,053
Other
419,323
206,073
525,953
843,594
11,490,972
9,407,650
$1,284,626
154,053
107,000
105,681
108,547
317,175
235,760
314,196
'
taxes
$395,545
$278,154
$777,262
$734,670
Drl9,667
Cr3,191
£r65,730
£r8,365
31,089
29,148
91,963
88,100
$344,789
$252,197
$619,569
$638,206
Cr4,511
Cr4,538
£rl30,618
Crll,280
$349,300
$256,735
$488,951
$649,486
10,068
11,431
30,340
35,590
$339,232
equipment
income-
oper.
income,
3,667,495
7,091,387
2,024,776
1,320,516
1,849,409
1,236,286
Income
$245,305
$458,611
$613,896
net
424,169
available
for
fixed
income—_
charges
charges
Net after fxd. charges
1,010,132
being paid
Cr
curr.,
amortization
Equipment
Gross
Net
ry.
1944
$459,565
142,248
1942
1941
$477,726
$309,724
$195,985
213,772
119,080
44,339
39,238,
58,254
40,257
21,611
1,351,502
1,294,915
raliway.
railway
—
income—
oper.
From Jan.
of
'
1943
<
.
from
from
Alabama—Earnings—
(in
defense
of
Road
projects:
1944—Month—1943
1944—3 Mos.—1943
$28,356
excess
normal deprec.)_
$85,067
$28,337
payroll
$22,807
f
Retroactive
payroll
bank, loan
Detroit
Interest,
$2,251,146
Road prop,
2,657
—_
depreciation
Accounts
64,530
payable
Sales
.
railway
railway
from
ry.
—V.
■,
159,
802,258
530,827
485,758
561,478
262,474
116,304
133,557
income
oper.
163,600
112,867
53,694
1489.
p.
Yale & Towne
deposits
Employees'
Royalties
Federal
Federal
Land
payable
income
contract
stock
Surplus
bonds
taxes
received
and
taxes accrued
ry.
Net
from
373,554
Net
ry.
10,442
499,952
$3,101,184
—V.
$2,251,146
Washington Water Power Co.—Earnings—
Federal
Other
expenses
480,659
378,547
5,101,549
5,144,014
152,806
149,633
1,745,490
108,907
109,323
1,218,738
91,966
1,092,026
310,428
185,562
398,067
5,841,518
6,571.424
2,846,731
750,404
870,288
632,898
1,106,372
$1,047,859 $12,887,996 $12,139,789
$260,791
—
$318,390
$3,730,193
income
45,488
Quarters Ended Mar. 31—
Gross
sales,
and
1944
$286,177
$300,781
$383,001
$0.59
$0.62
$0.79
share
per
This
has
company
of
than
more
No changes
1943
1942
less
discounts,
returns
the
a
purchased
operating charges
maintenance charges.
23,564,998
21,423,224
2,191,517
1,413,483
1,264,976
W.
years,
1,445,025
278,443
279,694
Provision for doubtful accounts
72,046
69,382
77,117
deprec.
depletion
and
profit from
operations
2,173,076
$2,325,259
chgs., incl. disc,
.
on
$335,124
$3,775,681
$3,538,806
Prov.
for
Fed.
income
71,546
892,234
875,586
Prov.
for
Fed.
exc.
$202,437
$263,578
$2,883,338
$2,663,220
v
—
$2,686,622
bonds
145,975
$4,129,672
taxes
293,738
the
*.
301,475
organization
will
income
■
(est.).
662,000
569,000
1,089,000
Gross
from
Net
ry.
railway
railway,
from
Divs.
<~V.
applic.
159,
$202,437
_
p.
pfd.
to
$263,578
profit for the period
;
Earns, per share of common stock
$992,945
$961,391
$1,200,090
profs,
Net
outstanding
$2,583,338
Gross
Jan.
from
from
ry.
—V.
622,518
1940.
Co.—Earnings—
for
Calendar
Sales
$0.95
—
$1.31
$0.89
Net
of
Years
1942
1941
$74,871,331 $49,321,326 $63,132,601
income
427,165
342,335
Railway—Bonds Extended—
Valley
292,610
to
$86,471
——-
$49,725
July 1,
1955, the date of maturity of not
first-mortgage
tension
722,759
9,510,424
6,847,603
3,683,315
3,667,582
3,937,983
3,211,586
976,130
1,320,580
1,849,072
2,490,590
352,134
$2.38
*$1,15
5%
Ry.,
bonds.
areV owned
bonds
The
exceeding $769,000
by
the
Colorado
136, p. 3531.
income
Gross
Ended
March
1943
1942
sales
and
and
$922,182
than
$881,789
682,498
635,705
53,754
64,589
20,453
$164,704
53,662
income
83,261
67,313
71,782
67,767
75,797
83,178
$15,494
♦$8,484
taxes
•
income
on
—
Depreciation
—
depletion
and
Canceled leases, dry hole costs, exploration, etc.
for doubtful accounts
—
$0.88
$0.74
*$0.39
for
contingencies
*$11,396
13,979
•
reduced
sight
to
as
$94,925
Liabilities—Notes
and
p.
Total
8,151
34,905
.
1677.
West Virginia Water Service
—
for
t
1944
Net
charged
to
construction
(Cr)
17,092
73,678
186,164
68,249
;
taxes
72,257
profits tax
$533,461
Other income
on
income
10,000
;
i
•
income
per
;
1
provision
The
directors
stock
—
considered
necessary
-
17,969
_
$507,982
300,579
321,823
$271,942
Federal
*
$65,058
431,579
$0.28
„
Net
and
on
—V.
excess
.
i
profits
•:
.
.
tax.
i
.
„J
10.
May 1 declared a dividend of 10 cents per share
stock, no par value, payable May 15 to holders of
A similar distribution was made on Feb. 15, last,
Feb.
15,
16, Nov. 15 and Dec. 10, 1943.
common
159,
<
Corp.—Quarterly Statement—
$186,158
Balance Sheet, March 31, 1944
$11,195,202;
investments,
$178,1991
cash,
$261,702; accounts and
United States Government securities,
for
p.
May 15, June 15, Aug.
776.
plane at Willys-Overland
months
18
by
work
over
Ward
the
M.
for
Navy Corsair fighter
Motors has increased 87% in the last three
preceding
Canaday,
sections
the
quarterly period,
President.
it
was
revealed
on
April
1489.
31
income
$7,408,140
7,244,694
6,794,138
$17,337,294 $14,202,278
—
before
for
1943
$10,092,600
and
exc.
profs, tax.
1,541,570
taxes
1877,864
1,168,000
—
622,230
$373,570
$255,634
booked
during
half
20,001,024
1125,489,316
15,294,594
28,842,316
'
—
year
on
parallel present
sales—
partly completed contracts.
tAdregarding time of establishment of
practice
(At. rates estimated to be effective for entire fiscal
year, based on latest Revenue Act.
flAfter reduction of $1,858,120 due
reserves.
cancellations
S. E.
Orders
of
not
included
in
cooling
remaining
price
redetermination
six
during
months
1944.
Lauer, President,
mechanical
The
sales
and
ended March 31,
12%
states:
Sales"
Approximately 88%
at
March
related directly
"Uncompleted
1944, covered applications
Indirectly to the war effort.
31,
or
involved production
of
of
war
material
components
for navy ordnance, aircraft and army ordnance.
majority
Ice
merger
award
$197.50
of
this
of the appraisers selected to value 1,894 of the 2,094
Machinery Corp. preferred shares that dissented from the
demanded payment in cash of the value of their shares
and
shares
such
merger.
an
action
Canaday pointed out that although no aircraft assembly line
any
kind had been done in the Toledo area before the
project—involving the assembly of 25,000 different parts—was
two years ago, equipment was installed, workers trained
and government schedules met in a remarkably short period.—V. 159,
p.
.March
—
♦Including proportionate profit
certain
of
undertaken
Ended
contracts.
sales
justed to
found
Parts Rises 87%—
center-wing
Months
in
A
of
Six
Uncompleted orders not included
on
Willys-Overland Motors, Inc.- -Production of Aircraft
Mr.
$160,449;
•
Vice-President in charge of sales, has been
replace Chester E. Brooks of Cleveland.—V. 159,
profit
Orders
$0.15
Most
in
of
the
declared
have
to
these
invalid
a
value
dissenting
United
States
and
a
A
no
of
$90
decree
Court
entered
share.
We are about to make
complaint.—V. 159, p. 881.
per
each
stockholders
District
Zenith Radio Corp.—To
Corsair
plant,
Watson,
completed
Total
"
■
.
281,008
—.—
for
.
May
the
on
record
$490,013
39,061
$572,522
deductions
income
Assets—Utility
-
10,000
$79,918
—
common
share—
159, p. 488.
Production
f
E.
♦Net Income
York
Net
$2.61
Renegotiation
President, reported that the company had shattered
March for ingot production and shipments of
its wages including overtime, were the highest in'
He added that it faced possible loss of production because i
Completed sales
47,000
earnings
other
the
that
director- to
(Reserves
Will & Baumer Candle Co., Inc.—10-Cent Dividend—
20,816
109,407
182,354
—
88,666
121,279
—
taxes
and
of
1944
550,279
depreciation
income
a
York
to
$1,507,982
574,584
taxes
Outstanding shares of
Earnings
5,668
1943
$1,551,501
_
Maintenance
provisions
1489.
p.
$80,726
7,470
.—
_
,
Co.—Earnings—
—
...
allowed
.
♦Provision
—V
Years Ended March 31—
—
$103,076
5,687
—
Discounts
Interest
♦No
Operating revenues
Operation
the
to
records in
Results
drafts
payable
(secured), $1,500,000; loans
payable
(unsecured),
$59,320;
employees'
war
bond
fund,
$1,079;
reserve for taxes, $38,451; accrued expenses and
bonus, $22,779; capital
stock
(20,840
shares
no
par),
$616,920;
surplus, $232,689;
total,
$2,471,234—V, 158,
subject
are
profitable
Partly
Assets—Cash, $148,994; inventory (at market), $2,262,077; accrued
Interest receivable, $14,789; bid deposits, $16,000; due from customers
$16,398; fixed assets (net after depreciation), $2,133; propaid expenses, $10,844; total, $2,471,234.
Gross
$4,576,197
$1.41
$45,821
31, 1944
•(secured),
Interest
$2,576,579
$1.15
38,090
Non-operating income
Condensed Balance Sheet—March
Net
$2,147,023
$0.85
manpower and that further reduction of earnings was in
result of increased taxes, higher operating costs and shifts
classes of products.
a
less
268
2,913
—
.
v
'•
659,965
2,205,200
10,256
———
.
Profit
♦Loss,
income
600,943
7,700,000
$0.46
Earned per share
excess
572,697
6,761,000
$1,636,369
—
and
its history.
of
elected
Balance
Provision
$18,368
Federal
523,006
70,270
..
Provision
General
2,072,037
Purnell,
previous
products
16,790
$165,477
—_
services
general" expenses
other
1943
1941
89,340
and taxes-
Federal
1941
$9,613,399
2,469,555
stockholders on April 25 authorized the directors to issue up
300,000 additional shares when and if the directors feel additional
its
1944
31—
income—
operating
of
Taxes
107,708
for
3,209,657
4,222,000
com.share_
per
Walter
1944
expenses
3,351,108
amort
profit
■Earnings—
1942
$9,732,483 $12,690,278 $13,347,077
Fed. inc. taxes
Frank
$20,910,750 $15,051,564 $12,262,800 $18,376,729
Provision
and
1943
Increase in Capital Approved—New Director—
.
General
1944
The
to
'
Sales
Net
275,197
Act.-
pledged under that company's refunding and ex¬
are
mortgage and its general mortgage.—V.
Quarter
Cost
'
Expenses
474,920
capital is needed.
♦$28,769
Earnings for Three Months Ended March 31
Gross
$1,421,175
1,297,167
1,044,624
9,171,087
,
duplet.
Note—Earnings
on-April 14 authorized the company to extend from July 1,
& Southern
Selling
r
1941
$2,571,732
348,327
operations.
ana
Interest
337,054
$4.15
*Loss.
.
1942
1,534,266
1—
railway
from
Earns,
308,285
340,694
taxes
income
1943
$3,414,485
railway,,,
income
Prov. for
(H. F.) Wilcox Oil & Gas Co.—Earnings.•
RR.—Earnings-
.4
1943
and
Carey said, and
maintained in
'
Earnings
Expenses
be
Youngstown Sheet & Tube Co. (& Subs.)
Net
Wichita
The ICC
Gross
under
1,108,208
oper.
Deprec.
159, p. 1600.
1488.
Weeden &
be
Mr.
organization. However,
the general direction of the
159, p. 1489.
Profit
$2,663,220
622,518
stock
recently
service
$3,001,896
income,—
oper.
From
1,615,000
—V.
Balance
Conn.,
equipment
1,010,000
543,000
300,000
—
scale
President,
will
company
and
1944
3 Mos. End. Mar. 31—
v
Bridgeport,
Jr.,
304,582
tax (est.)
■
■
of
industrial
the Kron line,
the
sale
Yazoo & Mississippi Valley
$3,983,697
$2,920,866
$2,491,683
of
personnel
March—
Net
—
74,306
Misc. reservations of net
Co.
of
Carey,
22,227,031
Net
Gross income
contemplated in
and
entire
Net
Gross
$276,743
income
Kron
line
Gibson
Philadelphia division of Yale & Towne Manufacturing Co.—V. 159, p. 52.
1,220,398
1,361,724
Taxes, other than income taxes
1,381,097
255,903
and
for
Selling, gen, & admin. exps.___..._
Int.
Net
the
comprehensive
25
are
facilities
Kron's
$31,501,392 $29,275,888 $31,406,038
...
sales, including taxes, labor
other
2,488,606
45,117
charges
574,502
Bridgeport, together with
allowances
Cost of
;•
income
155,147
902,343
profits
manufacturer
$3,493,689
16,734
(net)
$1,112,650
191,622
1,144,706
—
exc.
Acquisition of Kron Co.—
1,615,926
234,244
15,952
revs
Net
Earnings
railway—_
$1,394,746
194,502
profs, tax.
—
4,556,103
2,070,206
4,898,419
1,567,293
3,387
$1,625,385
—
Depreciation charges
1942
$1,109,263
2,319
announced.
1,092,588
oper.
Interest
257,431
income
1943
$1,392,427'
615,501
1,127,817
90,678
res. approp.
income
Gross
590,876
1,281,681
taxes
Net
730,448
railway.
oper.
Repairs
•
1944—12 MOS.—1943
$1,093,841
taxes
corporate books but nob
on
$1,619,952
5,433
—
Res. for Fed. inc. &
Wheeling Steel Corp. (& Subs.)—Earnings—
Prov.
1944—Month—1943
revenues
Prop, retire,
Other
$1,717,261
159, p. 1393.
and
Operating
Operating
1941
$1,773,820
for
684,364
Drl84,321
depreciation of $161,410 in 1943 and
$243,416 in 1942.
tAfter deducting reserve for amortization of $21,494
in'1943 and $51,959 in 1942.—V. 159, p. 2457.
Period End. Mar. 31—
1942
$2,351,741
1,045,605
1—
from
23,352
for
reserve
Gross
—
684,364
Dr44,657
——6.;
—
1943
$2,034,003
income—
oper.
From Jan.
499,952
—.
deducting
Net
584,997
—
Earned surplus
♦After
2,862
9,258
par)—.
capital
Total
Net
18,813
———
accrued
excess
421,235
2,610
,
1944
from
Total
5,414
„.
payable
($1
March—
Gross
railway
from railway
-
26,266
——
and State
Capital
and
and bond deposits—
wages
78,391
1944
earnings from operations
Interest
1,158
—_
withholding
Unclaimed
8.991
69,088
Manufacturing Co. (& Subs.)—Earnings
Quarter Ended Mar. 31—
Net
222,275
...
8,513
26,144
23,081
fDoes not include interest being accrued
being paid currently.—V. 159, p, 1893.
Wheeling & Lake Erie Ry.- -Earnings—
—
400,000
3,397
—
2,697
.
1—
from
Gross
Net
$19,707
1,000,000
accrued
$85,012
'
—
Liabilities—
Accrued
329'07A
3
4,376,638
4,046,456
railway
oper.
Net
7,380
$3,101,184
$1,201,437
4,451
71,833 '
——
$540,754
159, p. 1393.
Net
13.550
523,813
$501,226
$1,619,558
941,384
tFixed
March—
Organization expense
Total
1941
$2,656,303
1,635,112
1—
railway-
Western Ry. of
1,031,135
11,172
13,550
508,540
—
assets
ry.
—V.
3.582
75,525
-
Notes
•Fixed
from
10,000
—
income.—
1942
$3,672,139
,
400,326
_—971,071
-
of
♦Includes
.
.
1,802,594
from
Net
$131,701
Net after
355,650
-
..
1942
$531,951
—
anticipation notes and interest—
$4,558,776
oper.
Net
1943
hand and in bank———
on
$4 613 70(1
revenues
Net ry.
1943
railway—...
railway..:—__
From Jan.
Gross
IT. S.
1944
from
from
Comparative Balance Sheet, Dec. 31
$5,219,295
4,017,858
Federal income taxes
Other
taxes
Western Pacific RR.—Earnings-
Net
♦Increased through
$1,692,669
1,151,915
1677.
p.
1944—3 Mos.—1943
$1,925,631
1,424,405
expenses-
Net ry.
construction, $35,621; earned surplus, $310,609;
158,
March—
Will,988
•Total
Co.—Earnings—
1944—Month—1943
revenues
Joint facility rents, £>'_
$33,385
t$169,689
Total
Hire
$280,824
Cash
of
142,848
Gross
Net
aid
in
total, $12,361,049.—V.
81,691
408,405
—
contributions
>
.
profits)
expenses
Amort, of develop. & experimentalFed. income & excess profits taxes
Post-war
$1,005,767
(exclusive
excess
etc.,
$817,592
Wisconsin Central Railway
Period Ended Mar. 31—
cumulative
preferred stock (11,486 shares, no par),
$1,138,600; $6 cumulative second preference stock (5,000 shares, no
par), $365,000; common stock (12,000 shares, no par), $552,000; longterm debt, $6,720,000; current liabilities,
$394,748; deferred liabilities,
$63,380; depreciation reserve, $1,474,407; property reserve, $1,306,684;
$999,140
12,010
income
admin.,
361.049.
oper¬
& taxes)
income
Selling,
receivable, $139,196; accrued utility revenues, $58,971; materials
and supplies, $116,925; prepaid
taxes, insurance, etc., $8,821; debt dis¬
count and expense in process of
amortization, $142,363; commission on
preferred capital stock in process of amortization, $99,222; total, $12,-
1941
1942
$5,676,975
sales
1903
notes
Corp.—Earnings-
Years Ended Dec. 31—
Sales, (net)
CHRONICLE
a
at
the
time
subsequently
to. have
the
of
finding the value
motion for
the
brought
appraisers'
the
to
be
dismissal
Pay $1 Dividend—
dividend
par
of $1 per share has been declared on the capital stock,
value, payable May 10 to holders of record April 28. A similar
distribution
was
made
on
April 30, 1943, 1942 and 1941.—V. 159, p. 1489.
}
•
J
Federal Reserve February
The
Board
March 25
on
indexes for
February, together
a
are as
ago,
Board made
The
with comparisons for a month and
At the same time, the
available its customary summary
year
industrial production, factory
monthly indexes of
of general business conditions.
follows:
average =
1939
production and freight
for industrial
100
=
1923-25
carloadings;
Feb.
Total
Jan.
Feb.
Feb.
242
232
*239
-
_
Total
174
139,
*"2
366
171
*171
131,
t«34
Hkiwr—.;«•
t*57
|76
tl40
t:w
t*49
Allother.,
Factory employment—
■
Nondurable goods
goods
.ar
166.7
166.4
*227.7
116.8
229.5
117.2
221.5
123.0
___
___
,
32, 2
29,,5
{
*61-9
flS"?
186.9
—
$
145
139
133
152
167
*119
*104
93
t
fCorrected.
tData not yet available.
Department store sales,, value...
Department store stocks, value.
estimated,
or
—
—
143
*151
t
Freight carloadings...-...—
196.4
133
130
119
132
93
89
§Revised.
carloading, and department store sales indexes based
averages.
To convert durable manufactures, nondurable manufactures, and
indexes
to points in
total index, shown in Federal Reserve Chart Book,
durable by .379, nondurable by .469, and minerals by .152.
Note—Production,
contract indexes based on
by
seasonal
index, without
by Bureau of Labor Statistics.
compiled
index
expected that the index will continue comparatively stable. "The
slight movements recorded up to this time have been due chiefly to
the setting of new price ceilings, and any further adjustments or
fluctuations will continue to be minor, according to A. W. Zelomek,
PRODUCTION
(1935-39 average
=
JAN.
V
U,
—-—1944
—
Jan.
Feb.
Feb.
Jan.
208
§207
*211
208
200
231
200
231
...
186
':<■ 185
560
Electric
*460
461
*749
*235
751
...
560
461
751
426
§673
*235
240
203
f
*292
281
§257
t
281
203
§257
293
§252
*292
133
125
127
*122
293
121
Transportation equipment
..w-—
Nonferrous metals and products
Smelting and refining
Lumber and products
117
147
*109
*146
107
148
161
54
-
......
....
Cement
Abrasive & asbestos
178
36
*160
58
240
t
86
166
t
70
*146
1150
186
144
196
305
162
§172
181
*121
*193
*314
t
151
*188
119
196
319
*146
t
X
166
f
,tl50
186
X
*110
t
108
103
123
127
*113
X
108
103
Cattle hide leathers.
t
107
139
t
Calf and kip leathers...
X
70
93
X
Goat and kid leathers
X
82
89
X
109
69
82
-
151
98
93
Sheep and lamb leathers
X
169
170
t
158
188
Wool textiles
151
*188
...
.
:
.
Leather products
—
Tanning
....
•
166
*114
111
119
*114
111
119
*157
154
§142
*143
144
§129
*125
130
126
*126
130
187
154
*208
225
Other manufactured foods...
*156
155
§145
*142
142
*142
140
§123
*89
119
92
145
• 79
fl25
186
1155
187
128
101
153
88
114
92
136
77
91
tl24
t86
1155
t85
§77
122
101
144
136 »
144
79
140
143
92
t
148
t
136
144
79
140
143
92
*102
85
104
89
116
101
f
t
224
232
165
164
*101
83
X
X
101
83
224
232
115
98
165
164
*129
125
159
102
143
*129
X
125
159
102
154
X
128
114
124
113
t
*175
*166
132
174
134
174
123
169
*505
498
117
169
158
543
*355
361
226
397
243
361
200
332
218
Cigars..
■
....
Cigarettes
-
..
Other tobacco products
Paper and products
t
»
148
X
Paperboard
Newsprint production
...
Printing and publishing
...
Newsprint consumption
Petroleum and coal products....
Petroleum refining
Gasoline
Fuel oil..
L
Lubricating oil
Kerosene
...
Coke
,7
.
Byproduct
.
Beehive
Chemicals—
164
*226
Rayon
Rubber.
...
*399
—
Industrial chemicals—.
*243
t
X
t
*175
*166
85
164
158
*505
498
543
*356
*226
*399
*243
360
362
226
200
397
332
243
218
Minerals—
Bituminous coal
*162
*142
........
Anthracite..
*144;
*162
*142
142
161
119
131
157
129
131
157
*137
petroleum
137
121
*137
137
121
*126
Crude
Metals
Iron
129
142
161
119
*144
Fuels—
124
X
131
t
*85
t
82
70
90
77
X
ore
•Preliminary
or
estimated.
fCorrected.
FREIGHT
$Data not yet available.
CARLOADINGS
(1935-39 average
=
100)
150
178
149
191
145
145
159
145
189
142
113
108
116
90
Coal
149
150
145
Coke
180
185
148
159
121
Grain
—.
Livestock
§Revised.
135
194
-
Forest products
146
147
135
140
133
129
Ore
193
203
193
48
Miscellaneous
147
149
146
138
51
136
67
67
61
64
64
48
137
58
Merchandise, l.c.l
Note—To
convert
..
coal
indexes to points in total index, shown
multiply coal by .213 and miscellaneous by .548.
and miscellaneous
in the Federal Reserve Chart Book,
provinces of Avel-
mainland
lian
lino, Bari, Benevento, Brindisi,
Catanzaro, Cosenza, Foggia, Lecce,
Matera, Naples, Potenza, Reggio
Calabria, Salerno, and Taranto. The announcement also says,
"The Treasury
maximum
the
that
announced
■
Department has
which may
be remitted
procedures to be followed
prescribed in an amendment
and the
are
to General License No. 32A issued
by that Department. This amend¬
ment .places
in effect the same
procedure as was established with
respect to Sicily, mentioned in
Order No.
24012, dated February
16, 1944, with the exception that
the
remittances to
ated
will
above
enumer¬
areas
sent
be
through
correspondent banks of the Bank
of Naples. Information regarding
the transmission of such remit¬
be secured by inter¬
may
ested
theirlocal
from
persons
112.2
105.3
112.7
.
112.2
112.2
105.4
<.
105.3
105.3
113.3
113.6
113.7
105.3
113.7
76.4
108.1
108.1
108.2
108.2
108.2
70.2.
115.5
115.5
115.5
115.6
115.6
medium of
Sardinia
inces
above, it is possible
funds
transmit'
to
through
the
banking institutions to
the mainland prov¬
and
(including Foggia) previous¬
ly named, and the correspondent
United
the
in
banks
will
States
57.4
84.7
84.7
84.7
84.7
84.7
108.0
108.0
108.0
108.1
108.1
68.6
143.8
143.8
143.8
143.8
143.8
65.0
126.8
126.8
126.8
126.8
126.3
Italy has not been
72.9
——
135.0
134.9
134.9
134.9
134.9
yond that oulined in Orders. No.
94.1
140.6
89.2
140.5
90.1
90.4
90.4
75.5
140.5
140.5
140.5
83.6
111.2
111.2
111.2
111.2
111.2
59.2
—„
:
—
66.8
*144.2
144.3
144.5
102.7
102.7
102.9
102.9
102.9
76.5
—
135.3
69.2
—
—
92.4
92.4
92.4
92.4
mail
understood,
service
to
145.0
-
108.1
108.1-
108.1
^ 108.1
* '108.1
Underwear-—
69.6
114.8
114.8
114.8
114.8
114.8
74.3
109.6
99.5
99.3
99.3
99.3
Hats & Caps
64.9
99.1
69.7
—
Clothing incl. Overalls
94.3
94.3
94.3
94.3
70.1
94.3
106.0
105.9
105.9
March
16, 1944, and therefore ar¬
mailing to post offices
in the Province of Foggia are not
acceptable.
\
ticles
for
106.0
109.6
109.6
.} 109.6
Roosevelt Asks For
More
105.9
——76.3
Shoes
extended be¬
16 and No. 24286 of
.
Shirts & Neckwear—
—1—
that
however,
Allied-controlled
92.4
'•>'
;■
Hosiery—
be
to
24012 of Feb.
;
Men's Apparel
payment instructions by
mail to the Bank of Naples. It is
69.2
'
Victory Gardens
109.6
Infant's Wear
-
74.0
114.5
114.6
114.9
,114.9
114.9
Underwear—
74.3
103.7
103.7
103.7
103.7
80.9
106.0
106.0
106.0
106.0
106.0
129.2
an
April 2 for all Amer^
on
103.7
Shoes
made
Roosevelt
President
appeal
.
Socks——
Furniture
69.4
Luggage—
Note—Composite Index is
metic
averages of
subgroups.
■
129.2
129.4
129.4
146.9
146.9
'146.9
146.9
66.8
66.8
66.8
94.7
>94.7
94.9
94.9
93.5
93.5
93.5
93.5
81.5
110.6
110.6
110.6
110.6
110.6
79.9
'
weighted aggregate.
"'Revised."
a
Major group indexes are arith¬
.
.
"I
hope
possibly
will
Insurance Protection For Civilian
A broad expansion of insurance protection for
civilian em¬
ployees of the Federal Government who are stationed abroad or
who travel overseas on assignments was announced on April 19
by Lauchlin Currie, administrative assistant to President Roosevelt.
As President of the War Agencies Employees Protective Association,
Mr. Currie stated that the wartime program of group life insurance
adopted last year to protect civil-^
ian employees of 20 member agen¬ and directors of training programs
cies and departments, of the As¬ for such employees.
"Amounts of life insurance for
sociation
is
being extended to
provide protection for civilian em¬ individual employees under' the
ployees of the War and Navy .De¬ extended plan vary from $2,000
partments, the Panama Canal and to $10,000, in accordance with
the Panama Railroad Co. The en¬ basic annual salary.
In a. letter
tire insurance program is under¬ to members of the Association,
written by the Equitable Life As¬ Mr. Currie stated that the pri¬
surance
Society of the United mary purpose of the plan is to
States.
The announcement also give the civilian employee serving
his
country in hazardous areas
says:
"The group insurance plan is overseas
protection comparable
to that' provided for members of
now available to more than 75,000
employees of virtually every Gov¬ the armed forces under the Na¬
ernmental
agency
and
depart¬ tional Service Life Insurance pro¬
ment that is primarily engaged in gram.
:■
effort.
The civilian per¬
States who in the
normal
course
"The
low
We found out
helped.
is
cost
of
the
insurance
because
of
the
Association's
was
employee
from
the
between
and
abundance.
The
if
an
age limita¬
tion."
show that
42% of the fresh vegetables con¬
sumed in 1943
far-reaching
the
phasize
of the
tance
from Victory
came
This should clearly em¬
gardens.
impor¬
Victory garden pro¬
*
gram.
of
"Because
the
greatly
creased demands in
food
need
all
Food
still remains
the
1944,
we
can
first
a
tial to winning the war.
gardens
are
we
in¬
Will
grow.
essen¬
Victory
of direct benefit in
helping relieve manpower, trans¬
portation and living costs as well
as
the
food
food
problem.
Increased
requirements for our armed
forces
and
citizen
an
our
Allies give every
opportunity to do some¬
thing toward backing up the boys
at
the front."
!
med¬
applies within 60 days
he becomes elig¬
no
scarcity
Department
of Agriculture surveys
assistant counsel.
Cox and
Ostroff
time
ible, and there is
' ]
tremendous. It made
difference
_
group purchasing power. No
ical examination is required
:
•
-
"The total harvest from Victory
gardens
Employees Of Federal Govt. Abroad
eligible for the protection
includes employees of American
citizenship stationed at the most
remote outposts, as well as su¬
pervisory or, administrative em¬
ployees located
in the United
Victory
that even the small gar¬
the
sonnel
grow a
garden this year.
last year
who
American
every
can
.
•
war
matter, the
President said:
dens
the
gardens.
Victory
grow
94.9
93,5
to
cans
In his statement in the
66.8
72.5
—
Electrical Household Appliances
China
129.2
66.8
60.1
—.
Radios
146.8
50.6
—
Floor coverings——
§131
Processed fruits & vegetablesTobacco products
112.2
—_
147
Meatpacking
112.2
70.7
—
127
*216
Shoes
Manufactured food products
Wheat flour
banking institutions, of per¬
support remittances for inT
dividuals in Sardinia and the Ita¬
of
sonal
forward
Shoes-
126
137
Cotton consumption.
Rayon deliveries
65.1
—
Underwear
137
188
305
162
§172
181
....
113.4
—
Furnishings—...
Furs
126
128
203
319
t
products." v
113.4 *
Corsets & Brassieres
426
§673
*126
*202
*314
....
Clay products.^,
Gypsum and plaster products.
Textiles and products
168
54
*168
58
Stone, clay and glass products..
Plate glass.
148
113.3
Aprons & House Dresses—
166
36
*123
*146
Lumber.—.
Furniture.
113.2
71.8
Hosiery—
104
147
*131
t
113.2
1944
Women's Apparel
§252
119
*460
Automobiles..—..
556
556
—
69.4
Blankets & Comfortables——
§207
*749
—
Machinery
,;1944
—_
for
available
now
are
As set forth
Apr. 1,
Mar. 1,
1944
Apparel
information from
that
of
Office Department
transmission, through the medium
...
.
Feb. 1,
1944
...
Piece Goods
Apr. 1,
;;
Jan. 1,
—
Men's Apparel
Sheets
.200
231
185
t
236
188
580
200
231
186
236
188
580
—
Open hearth..
Post
facilities
banks.
Domestics
Feb.
Feb.
receipt
the
tances
1943
Cotton Wash Goods.
Seasonal Adjustment
1944
1943
*211
t
Manufactures-—
Iron and steel..
•
vHs >*' -'"V
—.
—
Woolens
Without
1943
'
INDEX
1933
V
Composite Index
Women's
PRICE
3, 1931=100
May 1,
:
RETAIL
Copyright 1944 Fairchild News Service
t.
Silks
100)
—Seasonal Variation—
PUBLICATIONS
FAIRCHILD
Piece Goods
^
Adjusted for
...
Steel
under whose supervision this index is compiled."
THE
Home
Pig iron
quality of commodities not reflected in the index, it is
Infants'Wear
INDUSTRIAL
Cotton
an
ioration in
minerals
multiply
convert indexes to value
total by $410,269,000, resi¬
and payrolls
adjustment,
of 33.6%.
increase of 12.8% for 1939-1940.
"With the index based mainly on staple items, and with deter¬
wear,
economist,
and all other by $226,132,000.
$184,137,000,
Employment
advance
an
goods has been constant at 143.8% since October, 1942. At
present this item which ranks second to furs shows an increase of
109.5% above the low of 1933.
The smallest gain was in infants'
on daily
3-month moving averages, centered at second
month, of F. W. Dodge data for 37 Eastern States.
To
figures, shown in the Federal Reserve Chart Book, multiply
dential
A
165.7
222.1
124.3
—
items show
These
wash
167.4
....wi..
goods, one of the major classifications in the index, has
of any of the groups over the period since the
1939-1940.
low of
167.6
,
Nondurable goods
Construction
"Piece
230.1
118.4
___
•Preliminary
tll9
,
the
amounts
..
increased the most
*228.3
*118.0
Factory payrc"—
Durable
t88
*166.6
*
Total
Durable goods..
since last April is also reflected by the index.
increase of 7.2%
125
145
m
fbl
S
show the
171
133
'136
fl02
,55
month, furs gained 0.3%. Of all the individual sub-groups
included in this weighted price average, furs now
greatest per cent, gain over the low of 1933, 117.1%.
An
April 24
New York announced on
of commodities
§248
342
258
*258
*366
Construction contracts,"aloe-
at
with last
S0.Q
250
344
174
261
368
*261
*368
*175
—
" "
Durable
Nondurable""
which states that
Fairchilds,
says
229
239
Manufactures—
1942,
Feb.
Jan.
*243
Industrial production—
March,
"In spite of the fact that there was no increase in the composite
index, furs which have been gaining uninterruptedly since last April,
continued to advance during the month of March. By comparison
Seasonal Adjustment
1944
; 1943
1943
in
effect
The advices from Fairchild's further state:
Without
Adjusted for
—Seasonal Variation—
!944
remained unchanged at 113.4 during March, accord¬
ing to the Fairchild Publications Retail Price Index, made available
April 15. For the past three consecutive months an increase of 0.1%
for each month was recorded by the index. This was the first time
this occurred since the General Maximum Price Regulation was put
at
Goldman
Albert
Postmaster
high of 1937 and 27.6% higher than that of the pre-war low period.
series
100 for all other
average =
Apri! I
present the index is 0.2% above the April, 1943, index, 63.4%, above
the level of May, 1933, 29% above the low of 1936, 17.4% above the
employment and payrolls;
100 for factory
As Of
Italy May.
Through Banks
Be Made
Retail prices
into
BUSINESS INDEXES
1935-39
Remittance to
Fairchild Retail Price Index Shows No Change
Business Indexes
Federal Reserve System issued
Governors of the
of
its
employment and payrolls, etc.
t
Monday, May 8, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1904
of Foreign
tion.
Messrs. Beebe,
are
in the Office
Economic Administra¬
Frederick J. Lawton of the
Currie, Bureau of the Budget is Vicemake trips abroad.
Others elig¬ President, the officers of the As¬ President of the Association. All
sociation
are
ible are employees now in train¬
Stacey K. Beebe,
officers of the Association serve
ing in this country for duties Secretary-Treasurer; Oscar S.
TXM-fhr*n+ rnrrmfmsation.
abroad, or awaiting transportation Cox, counsel, and Nathan Ostroff,
of
their
duties
are
required
to
In
addition to Lauchlin
,Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
Selected Income Ad Balance Sheet Items
Glass
DeparliMt Store Salss In Hew York Fedora!
Reserve District In Feb. 3% Below Year Ago
I Railways For January
The Bureau of Statistics of the Interstate Commerce Commission
has issued
statement showing the aggregate totals of selected in¬
and balance sheet items for class I steam railways in the United
come
States
a
for
the
month
of
January, 1944 and 1943, and for the 12
months ending with December, 1943 and 1942.
These figures are subject to revision and< were compiled from
131 reports representing 135 steam railways.
The present statement
excludes returns for class A switching and terminal companies. The
report is as follows:
All Class I Railways
For the Month of
Income Items—
Net .ry. opeiat.
Other income
income..-.
Total income
charges
Fixed charges:
Rent
for
leased
and
were 25% higher than the
following is the bank's tabulation:
41,011,428
TRADE
Second
BY
MAJOR
Federal
116,561,926
roads
14,758,448
36,463,010
47,075,320
—
2,343,429
45,324,012
51,343,465
65,218,461
2,254,366
62,964,095
ana
equip.)
26,605,637
26,445,340
deductions
Total fixed charges—
after fixed charges
Contingent charges
-i—
tNet income
Depreciation
(way
and
structures
of
Amortization
122,007
47,667,441
181,122,978
165,465,938
429,792,121
Reserve
1,436,769
656,081,430
1,616,655
596,874,714
49,425,112
873,988,150
962,050,804
58,272,346
903,778,458
315,961,803
Department Stores—
j.
1
—
r-12
—
—
9
+
—
-
PoughkeepsieUpper Hudson River Valley——
10
8
defense
Schenectady—.
4
Central New York State.
13,078,046
95,766,829
87,929,650
145,582,695
1,334,894,088
91,958,827
755,369,014
2,360,000
—————
2,360,000
179,415,165
167,825,339
34,427,287
9,381,888
preferred stock—
fRatio of income to fixed
charges
-l
2,611,421
^Vr^2.0L'
36,637,713
2.27
+
2
+
5
_
.
All Class I Railways
Snvestments
bonds,
those
*..
2
6
$584,763,992
$544,419,345
$541,160,562
959,321,616
894,726,602
from
874,093,741
1,327,858,330
760,979,440
195,419,752
210,511
125,929,170
161,442,869
206,968
263,274
41,681,112
33,649,775
34,551,448
159,611,794
158,563,590
129,471,094
131,349,618
653,784,351
489,003,639
512,114,683
387,466,729
543,262,279
504,124,534
435,075,137
406,273,034
19,779,316
Miscellaneous
accounts
14,766,663
15,764,204
supplies—
Rents
1,663,084
1,301,016
884,938
assets-;.—
14,931,025
51,584,559
10,073,260
3,184;032,189 •: 3,562,779,159
%504,908,279
Total current assets— 4,618,235,147
Selected Liability Items—
maturing
debt
months-——
74,444,985
129,793,041
54,005,627
109,446,437
gLoans and bills payable—
15,710,834
14,912,697
3,100,000
1,103,650
192,560,205
117,723,333
149,271,856
76,590,918
within six
•
Stocks, unadjusted
Stocks, seasonally adjusted...
in
100)
and
balances
car-service
(Cr)
Audited
—
—
and
accounts
r,-..
payable——
wages
Miscellaneous
payable
Interest
527,899,011
—
—
Ctared
344,904,079
108,699,997
-
277,695, Or
441,839,224
69,712,832
6,868,020
v
62,934,398
de-
40,130,535
6,499,186
69,775,725
1
51,064,869
40,015,885
82,097,470
>
' 46,297,43246,890,446
unpaiaunpaid
Unmatured interest accrued
dividends
6,525,946
6,157,020
59,907,760
63,876,799
13,367,510
15,786,705
13,418,191
-
13,367,510
13,418,193
Unmatured rents accrued-
18,532,769
Accrued tax liability—
Dther current liabilities—
1,854,211,398
188,594,157
19,026,703
1,104,832,238
1,570,359,331
985,924,411
63,528,245
135,827,926
47,471,487
———
—
.
Total current liabilities- 3.035,675,731
accrued
1,871,223,677
2,518,214,263
15,980,102
1,579,298,353
tax
U. S. Government taxes.
than
Other
ernment
S.
U.
1,722,888,432
; 977,363,162
1,467,219,575
883,426,028
Gov¬
taxes
131,322,966
127,469,076
103,139,756
102,498,385
including the amount in default.
tFor railways not in
receivership or trusteeship the net income was as follows: January, 1944, $35,812,537;
January, 1943, $48,583,847; for the twelve months ended December, 1943, $686,731,392;
twelve months ended December, 1942, $753,724,624.
{Includes payments of principal of
.
^Represents
accruals,
long-term debt
(other than long-term debt in default) which will become due within
six months after close of month of report.
11 For railways in receivership and trustee¬
ship the ratio was as follows: January, 1944, 1.82; January, 1943, 2.16; twelve
months, 1943, 2.28; twelvemonths, 1942, 1.90.
§Includes obligations'which mature not
more than one year after date of is^ue.
""Figures include returns of the Minneapolis
and St. Louis which emerged from recervership on Dec. 1, 1943.
before.
accommodations
through
completed
public financing under
the program for conversion of ex¬
isting structures into additional
123
141
112
•109
119
111
115
♦119
125
=100)
living units, the National Housing
Agency reported on April 29. The
"When
Rules On
Advertising Of Accident And Health
Policies Issued By Illinois Insurance Dept.
Announcement has been made by Insurance Commissioner Paul
F.
the advertising
of rules and regulations relating to
Jones,
.
of the Insurance Department staff members and a committee of 25
"Among
utives, of which George F. Manzelmann, President of the North
American Accident Insurance Co.,
is Chairman.
and
business
in
Illinois, was solicited by the De¬
partment in order that confusion
resulting from a change in poli¬
cies would be held at
From
a
minimum.
the announcement
we
also
supplies the following statistical data:
FEBRUARY, 1944, COMPARED WITH FEBRUARY, 1943
-Sales, Increase or DecreaseOmipanev
Total
Rooms Restaurant
Total*
+.15%
+17%
+ 14.
Chicago
Philadelphia
—
<
+18
+
Total
to
-
+ 13
Texas —
All others
Year
+ 23
date-
tThe^term
+ 18
+ 16
+ 25
+ 23
Beverages
Feb.
1944
1943
Increase
or
Deer.
+ 20%
93%
85%
+
5%
+ 21
89
83
+
3
.
are
the
fol¬
fits for losses which
Department believes that
the regulations, if followed liter¬
ally, will enable the insuring pub¬
lic
to
avoid
misunderstanding
and
misinterpretation
of their
occur
more
often;
and
accident
family .group
health policies and
family group hospitalization poli¬
cies
must
be
advertised
with
+
2d
90
85
5
+
4
93
88
+ 11
+ 11
+
9
+ 16
92
88
+
+-15
+ 17
+ 10
89
87
+
+ 25
+ 21
+ 32
86
79
+ 10
8
+ 19
+ 18
+ 24.
91
87
+
3
+22
+ 23
+ 22
87
81
+
4
+ 20%
+ 22%
88%"
82%
+
5%
+ 21%
+ 23%
88%
82%
+
6%
+
+ 12
(
17%
—
,
2
+
13%
+ 21%
+
+ 18%
"rates"
6
14%
+ 22%
wherever used
find not to scheduled rates.
refers
—
to
the average
*Rooms and restaurant only.
sales per occupied
+ 10
0
6
8
,
the
conversion
under
now
■
of
all
Government
lease is completed, the savings in
cost will total
approximately $80,-
000,000. Per unit cost on publicly
financed conversion projects com¬
unit for
tion.
about
average
compared
with
$1,500
as
about
$2,800 per
temporary construc¬
new
Savings in critical materials
range from one-third to one-half
of new temporary construction.
"Privately-financed conversions
under the program now total close
to
10,000 units, with savings In
comparable amounts to those pub¬
As compared with
new privately-financed war hous¬
ing, which is comprised prin¬
licly financed.
cipally of permanent construction,
the savings are much greater.
"The
conversion
provide
tions
program
to
accommoda¬
additional
in
existing structures and
t
save
critical materials required in
new
construction
in
1942.
Under
started late
was
the
public
pro¬
the Home Owners' Loan
Corporation leases suitable struc¬
gram,
a
tures in critical housing areas for
explanation
of
the a period of seven
years. The Gov¬
benefits which apply to all mem¬
ernment pays the owner a rental,
bers of the family."
takes over tax and mortgage pay¬
The regulations are to be made
ments, if any, and converts and
effective as of May 1, 1944.,
manages the
sufficient
while
at
the same
time it will be possible for insur¬
ance
companies to advertise the
merits of their policies in an ef¬
contracts,
manner.
property.
The
con¬
version cost is amortized from the
Federal And Slate
Expenditures in 1943
based
studies
of
the
board's
of
1942
the
rentals
paid by the
worker
war
tenants.
"As
of March
31, the publicly
program totaled 54,732
units, of which 17,179 units were
financed
expenditures for public aid in the United
States last year dropped to less than one-third the amount spent
in 1938, when relief expenditures reached a crest for the decade
1933-43, according to a report of the Social Security Board trans¬
mitted on March 30 to Paul V. McNutt, Federal Security Agency
Administrator.
The announcement regarding the report also said:
"From a high of $3,200,000,000«
in 1938 expenditures dropped to I for
State-Federal programs of
about $979,000,000 in 1943—a de¬ public assistance to the
needy
cline of more than half a billion aged, dependent children and the
dollars from 1942.
Two-thirds of needy blind increased in eadh
the total for 1943 went for old- category
during
the
five-year
age
assistance.
The report
is period, although since the middle
number
of
under
contract
for
.construction,
and
25,136 units were completed.
Structures to provide an addi¬
tional 3.049 units
were
under lease
and
9,368 additional were pro¬
grammed, but not yet under lease.
"The
Federal
Authority also
structures
into
Public
converts
Housing
existing
worker
war
ac¬
commodations instead of
new ones
versions
building
wherever possible. Con¬
by FPHA
on
March
31
persons
totaled 4,613 dormitory units and
receiving assistance declined as
which Miss
employment increased."
rector.
The report also said:
"These increases in public as¬
"Tapering off and liquidation
of Work Projects Administration sistance expenditures, the report
and other Federal emergency re¬ explains, reflect the cost of new
lief measures caused the sharp de¬ programs set up by the States
cline in expenditures in public sipce
1938 under terms of the
1,212 family units. Savings in cost
of the dormitory units amounted
to 62.6% of new construction, or
$2,920,000, and of 46.5% in family
units, or $1,800,000. Savings in
on
Bureau
+ 20
+ 12
Coast
Feb.
Food
•+16%
+10
+-
+ 11
Detroit
+-18%
Room
Ratet
+ 11
0
Cleveland
.
+ 16
.
+ 20
Washington
Pacific
important
ciently referring to smaller bene¬
are likely to
quote:
fective
recommended
rules
It is indicated that
health
more
lowing: Advertising must truth¬
fully and fairly represent the
benefits in the contracts, avoiding
even
misleading conclusions re¬
sulting from such advertising; ad¬
vertising must be factual, and the
accuracy
made
in
advertising
must be capable of definite proof;
emphasis must not be given to
maximum benefits without suffi¬
cooperation of various com¬
panies and associations doing an
accident
the
units
of pleted
accident and health policies.
,Hr t
These rules and regulations relating to advertising, according
to the announcements, are the result of months of study on the part
'
City—
the
on
war worker
112
Total Federal and State
In its April bulletin, Horwath & Horwath, Nevlr York, public
accountants, report that the trend of business in hotels in February
showed a gain of total business over a year ago of 17%.
Room
sales are up 13%, and total restaurant sales 21%.
A point to attract
interest, it is stated, is the average occupancy of 93% for New York
City, which is a new high, though this city has reached 92% twice
New York
construction,
$40,000,000
made
Jan.
For Public Aid
February Hotel Sales Higher
The firm
been
226
-c
"The
Analysis of
liability:
3
than
more
have
Dec.
152
average
the
matured
Unmatured
■
accounts
matured
Dividends
cost
approximately 32,000
-1944-
Illinois accident and health exec- *>
Traffic
housing
war
savings of
♦Revised.
13,473,994
766,871
56,044,308
receivable
JFunded
As compared with new tempo
STOCKS
*106
(1923-25
re¬
—
Other current
+ 25
announcement states:
re¬
arid dividends
ceivable
+ 15
3
Public Financing
10
con-
-
Materials and
Interest
(average
———
—.
ceivable
Sales
receivable
and
persons
123
unadjusted
—
daily), seasonally adjusted—.
daily),
92,322,670
316,083
(average
of
ill health;
Feb.
45,602,827
agents
+
District
average■
or
their
earn
handicaps
Accommodations Through
+ 18
7
—1943-
Sales
car-service
ductors
j.
SALES
of
Savings On War Workers*
667,387,941
1,774,256,072
balance
Federal
(1935-39
$515,151,268
balances
Net
1
—
0
AND
STORE
Reserve
DEPARTMENT
Second
receivable-
and
OF
cannot
persons
'
.'
+ 16
—
—11
—
—
living because
age, blindness,
rary
INDEXES
——---
and bills
—
—
'
—
¥.—
—
1
—
——
+ 21
7
——
programs
1943
+ 22
"
♦Preliminary.
1,168,600,853
ments
Traffic
Rochester
Apparel stores ((chiefly New York City)
1943
invest¬
cash
Cpecial deposits
Loans
.
0
8
—
pro¬
public aid in the United
States.
Some 3,000,000 persons
were being cared for under the
needing help, due to
job opportunities.
Less
300,000 cases were reported
on general assistance in
December,
1943, as compared with 445,000
in January, 1943, 836,000 in Janu¬
ary, 1942, and nearly 2,000,000 in
January 1938."
+ 13
4
4
—14'
com
—
Temporary
1944
+
assistance
carry the entire bur¬
wartime
8
+
—5—1
Falls—.——
than
———
-
Cash ;
Trusteeship
January,
or
Balance at end of
—
8
stpcks,
in
etc.,
other
ol affiliated
panics
Receivership
Balance at end of January
1944
1943
now
den for
of
4
+
9
4
—
Selected Asset Items—
3
+
Elmira
♦Niagara
•Class I Railways Not in
—
—15
♦Western New York State!..;
♦
—
—
—14
Binghamton.—
2.47
2.55
'
———
Northern New York State.———
Southern New York State-
5
5—2
—
——
'
Syracuse——
2,563,688
On
6
—
————
—
Dividend appropriations:
On common stock
financed entirely by
localities, the State-
public
than
0+4
Mohawk River Valley
Utica
6
+
5+5
—11
—
5
4
+13
—.———.
—
+
+
—
+15
—
;
5
+
—14
+
Lower Hudson River Valley-
and
"General assistance payments,
according to the report, reflected
a sharp
decrease in the number
+ 12
6
—11
.
+ 11
9
6
—
-
Bridgeport————————
hand
Feb. 29,1944
+1
9
..
-
Westchester and Fairfield Counties
246,251,724
2
—
—
*
on
0
_______
;
:
3
—
;
Jersey—.—
♦Newark
1944
—
—
—
♦Northern New
States
Federal
these
Stocks
1944
-
+
Federal income taxes
"With the exception of general
assistance,
in De¬
2,146,000 needy
aged, 676,000 dependent children
and 76,000 needy blind.
Most of
District
Feb. Jan.-Feb.
473,521,683
923,413,262
crease,
cember,
FEBRUARY, 1944
Percentage change from
preceding year
New York City
12,474,049
34,480,769
120,502
rising cost of living
reflected in the in-'
also
State-Federal
LOCALITIES
Net sales
1,618,132,234
1,520,287,976
month in 1943.
same
48,903,273
DEPARTMENT STORE
♦Second District-—-.
equipment
projects
2,130,141
94,742,761
—
Inc.
.
a
»
the
meet
grams
year.
for
"Interest deductions
Other
February, last
The apparel stores in the New York Reserve District
reported
loss of 11% in net sales in February.
Their stocks on hand at the
$1,484,469,669
182,565,843
1,667,035,512
2,541,742
available
fixed
,
the amount in
The
118,692,067
14,460,311
97,284,503
The com¬
bined sales for January to
February, 1944, were unchanged from
the same period the previous year.
Stocks of merchandise on hand
in department stores at the end of
February, 1944, were 11% above
close of the month
$1,359,976,507
201,322,897
1,561,299,404
$105,089,146
13,602,921
to
were
ago.
1942
1943
State funds
for the three
special
types of assistance.-- Higher aver¬
age monthly assistance payments
.
deductions
income
Income
1943
$82,824,192
——
Miscellaneous
from
1944
The Federal Reserve Bank of New York announced on March 21
that February sales of department stores in the Second
(New York)
Federal Reserve District decreased 3% below a
year
For the 12 Months of
January
1905
of
aid since
room
At
the
Public
Assistance, of
Jane M. Hoey is di¬
1938, the report shows.
same
time, expenditures
Social Security
critical
materials
amounted
76% in metals and 75% in
to
lumber^
for the converted dormitories and
Act, which allow 60% in metals and 75% in lumber
the Federal Government to match
on
the family units."
,
Monday, May 8, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1906
McNutt
Expresses Confidence In Ability Of Staff February Building Permit Valuations 18,8%
Below January, Secretary Perkins Reports
Of WMC To Meet Future Manpower Problems
War Manpower Commission's
problems was expressed by
Chairman Paul V. McNutt on April 15 at a three-day conference
of regional WMC directors with executives in Washington.
Future
Confidence
staff
to
meet
manpower
the
war
the
in
ability of the
future
all
Building construction started in urban areas of the United States
manpower
problems are so directly connected with the progress of
impossible accurately to forecast immediate man¬
that it is
during February was almost a fifth less than during the previous
month, Secretary of Labor Frances Perkins reported on March 25.
"Federal contract awards declined 45% while private work decreased
4%," she said.
"All classes of building construction shared in the
decrease from
January to February, with the dollar volume of new
residential
buildings
declining
17%,
non-residential buildings
new
developments, Mr. McNutt^
.
•
>•
"Although there will be dent of the Congress of Industrial 30%, and additions, alterations and repairs 3%.
"The volume of work started in February was 37% less than in
some
adjustments in production Organizations; William J. Kelly,
President of the Kelly O'Leary February, 1943, due primarily to a 78% decline in the value of Fed¬
schedules, we anticipate little un¬
power
said.
employment in the near
he
advised his
He
Works, Chicago; William I.
Green, President of the American
Federation of Labor; Miss Ruth
O'Brien, of the Bureau of Human
Nutrition and Home Economics,
Steel
future,"
regional chiefs.
12
added:
"Orderly demobilization and or¬
derly reconversion will be essen¬
tial to prevent widespread unem¬
ployment at a later date, however.
In the meantime, attention must
be concentrated on present war¬
production
crises in the future must be met
insofar as manpower is concerned.
Our organization is
sufficiently
flexible to meet changing prob¬
lems and sufficiently seasoned and
and
needs
time
any
competent to solve them."
felt
that' in view of the fact that its
McNutt
Mr.
that
said
job
good job."
He went on to say:
inducted into
the armed services, the problems
of allocating and utilizing person¬
nel
are'
comparatively
simple,
since persons in these services are
paid, fed, housed, clothed, trans¬
ported and subjected to military
court discipline for failure in duty.
We
are
dependent
solely
on
the voluntary cooperation of la¬
"Once persons are
bor, management and the public.
I am proud to say that we are
Mr.
Committee,
that
sized
period may go forward without
interfering
with
or
detracting
from the all-important immediate
of getting maximum
production. He said:
job
"The American
war
is
economy
war
now a phase of increasing selec¬
tivity in production. In this phase,
while the
aggregate volume of
probably
will
output
war
be
greater than ever, and while the
manpower stringency sharply lim¬
its civilian production, pressure
for increased war production is
being felt evenly throughout
industry, and in some industries
not
production is tieing cut back.
"The
experience
now
being
gained by the War Production
Board in keeping the economy in
balance
of
be
can
to
value
the
country when we enter the next
production,
of
phase
follow
the
collapse
That welcome
which will
considerable
a
+'■'
New
residential
New
.
.
.
working conditions and
'Inaccessibility of the job, but the
type of men employed in these
industries is also the type needed
wages,
armed forces.
Such re¬
problems will become
increasingly difficult as time goes
by
the
cruitment
Plans for continued develop¬
on.
-16.5
nonresidential——
________
—
-30.2
+
Federal
-2.8
repairs
tions of the economy.
asking
am
to
serve
will be organized on a
Board.
The
committee will have
and
WPB Committee To Aid
In Reconversion Period
insure
proper
the
maintenance
in
balance
the
of
difficult
"Second,
sible
for
it
the
during February,
volume
dollar
of
non-Federal
work
increased
from
64%
the
corresponding 1943 total.
the
make it pos¬
War
Production
Board to
grapple with the whole
complicated readjust¬
tion within the War Production ment program, well in advance of
any
substantial
Board of the Advisory Committee the time when
for Civilian Policy, to aid him in return to civilian production can
laying down the strategy and pol¬ take place, without interfering
all-important task of
icies which will guide the na¬ with the
tion's economy through the read¬ getting
and
maintaining maxi¬
mum production of war
goods.
justment and reconversion period.
Donald
Chairman
announced
on
M.
Nelson
April 14 the forma¬
broad
Membership of the Committee is
as
_
follows:
f
of
Gordon
the
the
Bank,
Washington
"Post";
Rentschler, Chairman of
Board
"There
can
slackening
Eugene Meyer, editor and pub¬
lisher
and
of
the
New York;
National
Eric
City
Johnston,
President of the U. S. Chamber of
Commerce; Philip Murray, Presi-
the
be
no
Post-War Needs
Urged By Burdell
Privately endowed colleges and universities must begin at once to
seek
new
sources
curricula
their
to
of revenue, build up their faculties and remodel
meet post-war needs, if they hope to survive a
threatened post-war financial
crisis, Dr., Edwin Sharp Burdell, direc¬
Cooper Union, states.
With many institutions finding
themselves increasingly handicapped by reduced income, as returns
the
of
tor
from
invested
cline
and
endowments
de-<«>———y————
—Federal and State aid will be
sonal incomes restrict gifts from forthcoming
after the war for
wealthy benefactors, Dr. Burdell veterans, but a private institution
which relies too much on this and
pointed out that "the problem of
the educational institution facing neglects to develop other, more
rising
the post-war
the
same
as
taxes
period is
per-1
on
on
very
much
that of the merchant
about to embark in business. The
merchant
must
have
sufficient
in hand to stock merchan¬
money
a
desirable
an
adequate
dise which will attract
to hire
clientele and
normal
sources
and
high
will find itself left
five
dry
ten
or
years
after the war."
Despite the gravity of the situ¬
ation confronting private colleges,
however, there is no need to fear,
as
some
educators do, that the
to find working
get appropriations for New York
and energetic, qualified
teachers, and to revamp its cur¬
City's colleges, Dr. Burdell pointed
out that higher education at pub¬
lic
expense
finds itself for the
bestir
itself
now
ricula."
'
.
Greater
to
be
A
$25
annual gift provides as
so
successfully."
on
a
from
,
of
net
lint
Esti¬
seed.
to
percent lint to seed vary
considerably between States with
United
the
ratio
States
the-
for
1943 crop
computed at 63.1 pounds,
seed for each 36.9 pounds net
of
For
lint.
the
1942
62.8y
crop,
pounds of seed are estimated for.,
each 37.2 pounds net lint.
Cot¬
tonseed production data have pre¬
viously been, computed on the,
uniform basis of 65 pounds seed v
for each 35 pounds lint.
On the.;
the
at
aver-'
season
price of
lint
cotton. sold
through March 31, the value of
total lint production from the 1943
crop
is placed at $1,129,985,000.:
Included
is
the
of
value
about
3,200,000 bales of loan cotton from
1943
the
unredeemed
crop
on
April 1.
The value of cottonseed
production, computed
at $244,052,000. brings the total value of1
the 1943 cotton crop to $1,374,-037,000.
The 1942 lint and seed
crop is value at $1,456,937,000.
the summer of 1943
prospects for a cotton
in
Early
there
were
yield exceeding the all-time rec¬
ord yield produced in 1942.
How¬
ever,
extremely
dry
weather
throughout the Mississippi River,
Delta
in
and
area
deterioration
able
Oklahoma
States
in
1936.
yields
the
crop.
severely af¬
yield
was
the
the
lowest since
consider¬
in
most
was
and
fected
and
Texas
resulted
Oklahoma,
In most other
above
were
aver¬
age.
According to reports from crop
in 13 States, the
reduction from a full yield of all
correspondents
cotton from various stated
causes
31.0% in 1943 compared with
was
26.0%
in
1942.
•
Adverse climatic
accounted
factors
for
approxi¬
mately 20% of the total losses in
with
compared
about
18%
average,
an
loss* from
these
a
he said, many institutions
neglected this source of in¬
come in the past, relying on occa¬
sional
large contributions from
wealthy friends to meet their
less,
Cotton Production, 1943
the final review of the 1943
In
cotton
have
needs.
a
ten¬
dency among some colleges now
to expect government aid for vet¬
of erans'
training to solve their post¬
effort war
problems, Dr. Burdell said:
much yet
doubt
a
large
amount
of
done, and such tremendous
military actions are impending,
that nothing can be allowed to
necessary planning and thinking
interfere with our primary job—•
ahead for peace production can
war production.
With this set-up,
1 we can make certain that the go forward."
the Crop Reporting
crop,
damage by boll
is
in cultivation in the United States
by
July
vested,
1943,
1,
acres,
21,652,000
year
to
have
been
than
area
har¬
the
and the
lint
yield of cotton 253:5 pounds
per
acre.
at
Production of cotton,
11,427,000 bales of 500 pounds
gross
weight,
is
000
bales harvested from
acres
production
in
1942.
of
weevils at' 6.1%;
that
since
average.
reported
1937.
insects
western
of
because
was
for'
Damage
also
Reports
22,602,-
Estimates
represent
total
of
gin-
>
less
from
irrigated
•
areas-
California, Arizona, New Mex«.
ico
and
Texas
stink
the
show
trans-Pecos
losses
of
area
6%
of
from-
bugs, lygus bugs and other,
approximately sucking insects, with losses from
1,400,000 bales below the 12,817,000
other
the
acres,
than
less
any
on
Reduction
causes;* <.
Board estimates the area of cotton
21,942,000
Observing that there is
"No
Calculated
age
of
$1,000 endowment at the
current low rate of interest, Dr.' ;
Burdell pointed out.
Neverthe¬
as
On the basis of aver¬
oil
content
during
recent
years,
the 1943 cottonseed crop
should
produce
approximately
1.3 billion pounds of
oil.
The
Census Bureau reported deliver-,
ies of cottonseed during the 1942
crop season to have been 4,516,000 tons, and production of oil to
have been 1.4 billion pounds.
V
crushing.
1943
+
,.
much cash income for an institu¬
question
production
at this time. There is
are
level
age
New Sources Of Revenue Fer Education To Meet
tion
will
report
different
1944, and a decline of 93% from the number
1943.
The number of privately financed
dwelling units started during February was 4% less than during the new basis the revised estimate for
previous month and 29% more than during February, 1943.
1942 is approximately 500,000 tons
The cumulative dollar value of building construction started in
below
the
5,717,000
tons
pre¬
urban areas of the United States thus far in 1944 was $158,000,000, or
viously published,
Revised cot¬
32% less than the $234,000,000 for the corresponding period of 1943.' tonseed data
by States for years,
The volume of new residential building declined 42%, new non¬
prior to 1943 will be published at
residential 44%, while additions, alterations and repairs increased
an early date.
Of the 1943 cotton¬
56%.
The value of Federal building construction contracts awarded seed
production it is estimated
during the first two months of 1944 was 70% less than the value of that 4,046,000 tons have been or
such contracts awarded during the same two months of 1943, while
will be delivered to oil mills for
started
a
transition period.
-
cottonseed pub-'
previous estimates, as a result of
the
use
of
newly
determined
-20.8
,
to
of
this
somewhat
56.8
emphasis upon annual first time in keen competition for
its own permanent secretariat and
appeals to alumni and friends was the
taxpayer's dollar, owing to
working staff."
suggested by Dr. Burdell as the
welfare services that did not exist
Mr. Nelson
said that he be¬ most
promising way to attack the
lieved setting up this kind of com¬
'
post-war financial problem.' "To twenty-five years ago.
discussion
at
the
conference.
mittee to guide the readjustment
attempt to solve the problem with
"The private college will con¬
Chairman McNutt said that while
process will serve two broad pur¬
high tuition fees may turn desir¬ tinue to have a vital role in the
the overall program is adequate,
poses:
able students away, or else make
the
chief
problem
confronting
world,"
he
declared,
"First, it will give full repre¬ the institution a haven of rich post-war
WMC is effective, flexible and ag¬
sentation to every viewpoint in
men's sons and daughters, which "but it has no time to lose if it
gressive administration of it.
the economy, and will thus help
would be undesirable," he said.
is to prepare itself to fill that role
expansion of its utili¬
zation and training programs in
the face of dwindling manpower
reserves were a major subject of
ment
with
lished
+44.1
started during January,
permanent capital
basis, with meetings scheduled
regularly at the War Production
of
mate
The estimates
+ 52.8
a
this committee, which
at
4,688,000
tons,
the revised esti-,<
5,202,000 tons for 1942,.
mates of
total, 1,160 units, were in Federal war housing projects. This repre¬
sents a decline of 61% from the number of Federally financed units
the
in
1943 crop
compared with
-67.2
group
on
estimated
is
-92.4
About one-eighth of the February
in 1942.
production
United States from the
40.0
+
in 1943 and 800;
acres
Cottonseed
cotton
Island
Sea
bales from 5,200 acres
+ 136.0
'
of
1,900
+
small and rep¬ staff to sell the merchandise. An field of higher education will be
of leaders of institution with run down plan pre-empted after the war by state
management, labor, banking and and equipment, curricula not con¬ and municipal colleges, Dr. Bur¬
finance,
agriculture,
consumer sistent with post-war needs, and a dell continued.
Citing the drastic
organizations, and public opinion, spiritless, mediocre faculty, should reductions made this year in bud-*
"I
resentative
from
Also included are
1942.
—49.0
-
Egyptian
139,000 acres in 1943,
bales from
180,700
bales
300
—46.5
6.1
February, 1943.
in
acres
-45.5
decline of 19% from the total for January and a 60% decrease
from the total for
75,300
-58.7V
9,020 family dwelling units for which permits were issued or
Federal construction contracts were awarded during February repre¬
a
and
ratios
6.6
and produc¬
bales
of
cotton har-,
60,900
vested from
-77.5
The
sent
includes
American
+ : 58.9
5.8
—
tion
Federal
-44.7
Additions, alterations and
,
is the recruiting situation
especially
difficult
because
of
construction..
building
Other than
.
ginning.
Total cotton acreage
Total
3.6
—
ton for
—36.8
Federal
Federal
-18.8
t->y-
—Feb. 1943 to Feb. 1944—
Other than
Total
-
Percentage change from:
,
—Jan. 1944 to Feb. 1944—
Class of construction
-
Germany.
of
event may not oc¬
time, but
getting it. It is not my own feel¬
whenever it occurs it will release
ing alone that the poliicies and
substantial proportion of the
program of the WMC are valid.
nation's productive capacity for
The
principals of the National,
_
.
,
Labor-Management Policy Com- civilian output and will demand
the
immediate
application
of
mittee agree completely in that
sound policies to guide the econ¬
view." '
Productive capacity is increas¬ omy through the period of read-5
justment without serious disturb-1
ing so enormously, the regional
ance.
chiefs were told, that it wes esti¬
"Those policies must be devel¬
mated that even with a reduction
... I am
setting
of as many as 600,000 in muni¬ oped beforehand.
up
within the War Production
tions employment by the end of
Board the advisory Committee for
the year, the present rate of pro¬
Civilian Policy; this
Committee
duction would be maintained. Ma¬
will
work
closely with me in
jor
problems
now
confronting
making sure that the broad strat¬
WMC evolve around special in¬
egy and specific policies estab¬
dustry programs such as railroads,
lished
to
guide
the
country
coal mining, logging and lumber¬
through the
period
ahead are
ing and foundry, and other "hot
based on the needs of the econ¬
and
heavy"
industries,
reports
omy as a whole, rather than sec¬
showed.
In these industries, not
for
additions, alterations and
repairs increased 44% from the totals for February, 1943."
All
other
new
non-residential buildings, 47%, while
new
for
construction increased 59% for this period.
residential bTiildings declined 49% and of
building
empha¬
Nelson
mechanism is be¬
this
ing set up in order that the task
of preparing for the readjustment
cur
only
Federal
than
The dollar volume of
valuations
Permit
awarded.
contracts
Department of Agriculture.
In announcing formation of the
he
had to be performed
purely on the basis of voluntary
acceptance and self-imposed re¬
strictions,- the operating staff of
WMC
has
done
"an
amazingly
entire
construction
eral
nings enumerated by the Bureau
of th'e Census "with allowance for
movement of seed cot¬
interstate
all
other
area
insects
Comparable
4%.
are
years.
reported
data
for
at
this
not available for earlier
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
159
1907
"%'g
'
'
1
—————
II
I
^
and
Resources Of N.Y.
;
Community Trust At End Of '43
Resources of The New York Community Trust rose lo $10,658,918
at the close of 1943 from $10,036,487 a year earlier, according to the
trust's annual report just published.
Outpayments in 1943 were at a
total
of
$550,816, compared with $547,261 in 1942.
Largest
the year's allocations were $73,869 to the Salvation Army,
record
among
Settle¬
$59,117 to the National War Fund, $44,884 to Henry Street
ment, and $28,860 to the American^
Red Cross.; Other recipients in¬ new or enlarged funds were $216,cluded the Y. M.. C. A., $16,200; 995.
Payments averaging $2,661
United
Hospital Fund,
$15,298; were made from 43 memorial
Y. W. C. A., $13,570; Girl Scouts, funds to 207 charitable agencies in
24 States.:'
$11,353, and Travelers Aid, $10,300.
'■
'1
'
the
.Reviewing 20 years of growth
pressure-prac¬
Trust without ;• "drives,
Composite Fund to further the tices or tub-thumping," the report
states: "The first year's appropri¬
administration of "c h a r i t able
■
is
Announcement
of
made
creation of the Community
gifts of smaller size than those
usually acceptable to -trust com¬
ations, in 1924, stood at just $20!
But in the first decade they rose
panies and banks as separate trust
funds." Initial donations of $7,000
to
than
more
In the
$1,000,000.
they were $2,900,000. At
rate, those of ..the
■inaugurated this new fund in the
form of an "open-end account to third decade will exceed $5,000,second,
the
to
are gone a kind of
participation in a new
world coming.
To others, living,
it has been a way of paying a
debt v not
owed
to
anyone
but
additions on uniform terms,"
•included in The Community Trust,
12
established
were'
the
And to the great com¬
of those still to be born, it
could become-a symbol of man's
increased
or
every one.
The largest addition was
1943.
Relief
War
'•Total receipts
Fund
of
who
many
deferred
thereby "providing foundation fa¬
cilities for multiple gifts of mod¬
est size."
Of 64 unit funds now
'in
The Trust has already given
000.
which successive contributors may
make
current
pany
$99,750.
humanity to man."
during the year in
the .system
which
by
they
developed.
honesty and loyalty of la¬
bor; the ingenuity and capability
were
and
Regulation Q
Involving Absorption Of Exchange Charges
and the unselfish
The disputed section of the Federal Reserve Board's Regulation
Q
that no violation is involved
tireless
effort of agriculture.
The Bill of Rights, free speech
free
and
communiciations;
great service rendered by
the
an un¬
shackled press.
The traditions
of the past and
hope to find in them the in¬
spiration to deal effectively with
the problems of the future.
has been redefined by the Board to hold
if banks absorb fees for cashing checks
that
as
free
a
country
we
doled
out
each
to
of
I
us.
that defeatist line.
nounce
de¬
Heretofore
Board
tion
forbidden
by
the«>-
the ground that absorp¬
such
exchange charges
on
of
constitutes payment of interest on
demand deposits, the practice pur¬
portedly
has
been
widespread
among small Southern banks not
members of the par
tem.
clearing
new
of
the
depositor's funds"
would constitute
violation.
a
America is just beginning to
grow."
individual
considered
Federal Excise Tax
in
terms of
both
for
enue
State
taxes
levels
were
total
of
rev¬
govern¬
ment, only the cigarette tax
ceeded in
~
in
bringing in
than
1943
in
suc¬
more money
1942.
This
was
the result largely of a rise in Fed¬
Government fared
Governor
John
"articles of faith
on
addressing the California
at San Jose, Calif., listed ten
Bricker, of Ohio,
W.
Assembly
Republican
April
on
which
we
16,
can
base the
of
course
country's
our
.future," said Associated Press dispatches from San Jose, Calif., on
April 16, which added:
"Governor Bricker said that in the remaining days of the war
and
in
the
peace
he foresaw
:
*
hard
.much
'but
work
of
back
all
there must be
"As
a
sacrifice
and
our
endeavors
of peace we
ought to take stock of
•ourselves and our country for the
grave problems that will confront
•us.
If
we
are
and
selves
to rehabilitate
help do the
our¬
same
for
the rest of the world, we want to
know; that
to that
we are
equal
here at home.".
task
then
He
articles
faith
of
the
enumerated
he
said
be¬
returning
our
•;
wheel of democracy.
The principles
form
of our republican
government. '
of
The
right of every man to earn
his own living as he sees fit and
to improve his lot.
"■
'"V y,
Divine Providence and the right
of each to
worship
economic
The
strength of
one
war.
ance
ten
we
as
The dignity of the average man;
his good common sense as the bal¬
lieve in:
The
of the
greatest assets this country will have after
the
mighty faith.'
look ahead to the days
we
soldiers
natural
resources
he chooses.
as
strength
of
our
and
country
eral
rates, the addition in 1943 of
better
States
bodied
in two
Brown
which
bills, the Maybank
than
the Delaware, Florida and New Mex¬
picture of
ico to the list of States taxing to¬
the
last
two
calendar
years
is
viewed exclusively in terms
of bacco, and a few changes in State
the three
major excise taxes— rates.
cigarette, gasoline and alcoholic
The States and the Federal
beverages—levied by both levels
of
the
Government
government.
Taken
together, the three taxes
yielded the Federal
Government
have appeared heretofore in these
columns;
thereto
with
item
an
appeared in
the States received $130,-
crease;
000,000 in 1942 and $150,000,000 in
1943, representing
increase
income
both
from
taxes
in
1942,
and
received
their
1943,
less
with
should
It
Federation
reputation
said,
cigarette
factors—such
increasing
of
use
the
as
tax-free
tobacco
armed forces—is
from
revenues
this
as
is
High Federal tax rates
holic
increase of 10.6%.
This
shown today
was
port .by
the
Administrators, based
the
Bureau
on
collections
of
of
a
of
re¬
Tax
Federal
on
compiled by
Internal
alcoholic
on
in
Federation
tax collection figures
taxes
decrease of
Revenue,
State
excise
beverages, and
total of $337,000,000.
State
line
fell
tax
from
a
21.2% from the 1942
revenues
$894,000,000
in
gaso¬
18.9%
1942
to
$726,000,000 in 1943.
Federal
The
yielded
tax
$787,000,000
cigarettes
in
$904,000,000 in 1943,
effect in
1942
and
a
14.9%
in¬
November, 1942, largely
for
account
the
to
$1,220,000,000
$1,340,000,000 in
made
States
in Fed¬
increase
from
revenues
creases,
suffered
a
1943,
Though 10
substantial
rate
States
the
a
as
in¬
whole
42.1% loss of revenues,
collections
their
on
alco¬
on
beverages, which went into
1942
with
decline in
a
the
on
rise.
an
compared
23.9%.
Fed¬
long
own as
income
consumer
will
source
continue to hold their
in
1943
of
same
the
th£
these figures, and it is likely that
000,000 from its gasoline tax,
in
the
1943,
by
again upheld by
000,000
about
In
taxes
depressing
eral
in
proportion.
be
that
have for withstanding
gasoline
compared
slightly larger
a
15.2%.
the
noted,
the
of
eral Government received $265,-
collections
regard
issue of
our
$2,510,000,000 in 1943 compared
with $2,340,000,000 in 1942, an in¬
crease of 7.5%.
The States' yield
from these sources was $1,180,$1,550,000,000 in 1942,
to
as
organizations
various
by
revenue
if
views
bills,
March 2, page 921.
on
estimated
profits
of
liquor monopoly systems.
When
considerably
action.
The proposed legislation is em¬
and
ruling, however," that an under¬
standing or agreement "to absorb
the charges as compensation for
use
and is awaiting Senate
sys¬
The Board cautioned in its
the
Legislation to nullify the Board's
original ruling banning all ab¬
sorptions has passed the House
I
...
say
The Federal
matter of oper¬
a
ington, April 14, reporting this added:
are
through and that our lives must
be
regimented
from cradle
to
grave and that a sparse existence
based on scarcity of production be
"solely as
ating efficiency where the cost of passing them back would exceed
the amount of the charges." Associated Press accounts from
Wash¬
the
And, finally, in America.
"Our country, I am convinced,"
he said, "is at the threshold of its
greatest era. I reject the theory
that ours is a decadent society,
that opportunity no longer exists,
r*
Reserve Board Redefines
The
of management
lt<
from
alcoholic
beverage taxes totaling $303,000,for
000
1943
collections
against
totaling $524,000,000 in 1942
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
-ARKANSAS
V
Arkansas
(State of)
Proctor New Comptroller—Her¬
bert
Proctor
E.
of
Arkansas
the
Corporation Commission has been
appointed by Governor Homer M.
.
of
Adkins
Arkansas
as
State
Comptroller to succeed J. Bryan
Sims, who has resigned to make
the
race
for Governor. Mr. Proc¬
tor's term
.effective
Comptroller became
of May 1.
as
as
1, as follows: $4,000 in 1945 and
1946, $5,000 in 1947 to 1952, $6,000
in 1953 to 1956,. $4,000 in 1957,
tion
Palisade, Colo.
Details—In
with the
sale
connec¬
of the $22,000
of
which appeared in v. 157, p. 2198.
"W. J. Stebbins, Town Clerk, re¬
ports that the bonds were sold to
the First National Bank of Grand
Junction, as 2.60s, paying a price
.'water
works
bonds,
report
value
of
event
due
in
subsequent thereto are callable on
Dec.
1, 1961, and on any interest
date thereafter, at par.
Principal
and interest payable at the First
National
Bank,
Chicago.
The
bonds bear interest at 3%
to
num
Dec.
per an¬
1946; 3J/2%
1,
from
1, 1946 to June 1, 1951; and
All coupons due
June 1, 1944, and prior, will be
clipped before delivery of the
thereafter.
No bids will be considered
bonds.
for
sale,
but
only
as
be delivered in accordance
may
with
law.
The
Commissioners
Board
of
reserves
County
the right
by
that
Board
the
award
an
does
of the
bonds
not
on
tire life of the issue and starting
with
a
rate of
only V-k%, whereas
under the present setup the pres¬
ent
interest
rate
is
4%, would
jump to 5% in 1947, and to 6% in
1952.
D.
'
C. Smith is attorney
for the
low
his
bid
to
remain
for
consideration
during the period
desired for consideration by the
Board; but, in the event of any
withdrawal of any such check, the
bid
which
to
attached
will
said
be
was
considered
as
having been withdrawn and not
subject to further consideration.
Proposed issue
funding bonds
firmed and
Validated
Issue
of
was
—
$1,858,000 re¬
recently con¬
validated
in
a
Redemption
Manufacturers
decree
Trust
New
Co.,
has been designated re¬
demption agent for 1936 general
refunding bonds and 1939 general
refunding bonds called for
ment on July 1, 1944.
pay¬
Wanted —The
Manu¬
facturers Trust Co., of New
York,
as sinking fund agent for the City
of Lake Worth, Fla.,
announces
that pursuant to Section 3 of a
resolution
adopted by the City
Commission on Aug. 23, 1937, said
iof 104.569. Dated May 1, 1943. Denom..$1,000. Due Sept. 1, as fol¬
lows: $1,000 in 1950, $2,000 in
:i951 and 1952, $10,000 in 1953 and
submitting the most advantageous
signed by Circuit Court Judge A.
O. Kanner. Pending the appeal
bid, which shall be determined
by the Board in its absolute • and
period, the district will take steps
to complete the refunding proce¬
City has deposited with the bank
the sum of $25,662.18 and said
!$7,000 in 1954. A net income basis
uncontrolled
dure.
sum
*_of about 2.09%.
FLORIDA
(P. OvPunta
Gorda) Fla.
Bond
Offering—E.
H.
Scott,
Clerk Board of County Commis¬
sioners, will receive sealed bids
until 10 a.m. on May 9 for the
Charlotte
;
County
purchase of $100,000 coupon court
house
refunding, Issue of 1941
bonds.
Dated June 1, 1941. De-
discretion
and
to
reject any or all bids.
Legality
approved by Chapman & Cutler,
of
Chicago.;
Delivery
of said
bonds
shall
be made at the First
National Bank,
on
May 31
on
Chicago, at 11 a.m.
said date, attention
being directed to the fact that the
outstanding optional bonds to be
retired by the proceeds from the
sale
of
called
ment
these
for
on
bonds -have
been
and
pay¬
redemption
June
1, 1944.
Enclose
a
County
commissioners,
officio
commissioners of
Pierce
Port
tered
M.
into
Cook
as
the Fort
District, Recently
contract [with
ex-
en¬
Thomas
&
Co., of West Palm
Beach, for handling the refunding
program, which will be the dis¬
trict's second.
The
refunding will greatly
district's obligations,
the new bonds drawing an aver¬
age rate of 3.5286% over the en¬
reduce
new
the
is available
for the
(which
principal
interest
than
and
which the same are
offered; (3) recite the distinctive
numbers of bonds offered; (4) be
thereon)
at
accompanied by
a
certified check
Trust
Manufac¬
of
order
the
to
Sinking
Company,
Agent, in an amount equal
one per centum of the principal
to
as a sinking fund
purchase of the Refunding
Bonds, Series A, Issue of Nov. 1,
1936, at the lowest prices sub¬
Since
amount of bonds tendered.
interest
accrued
all
will
be
paid
on
bonds
purchased, tenders at
prices designated as "flat" will
for all purposes be considered as
being made on a "net" basis, i.e.,
inclusive
Lake Worth, Fla.
to
award the bonds to the bidder
less
amount
Fund
Agent—The
York,
Tenders
Fort Pierce Port District, Fla.
Refunding
Bond
the
accrued
state the price
(2)
be
must
turers
Lakeland, Fla.
open
check
fered;
drawn
district.
check if he does not desire to al¬
such
amount thereof shall be delivered
of the par
covered
the day bids are opened, any bid¬
der may immediately recover his
except for the entire amount of¬
fered
bonds
bid, payable to the Board of
In the
County Commissioners.
make
! Bonds
the
each
1962 and
1963.
in
4%
Sale
certified check for 2%
$7,000 in 1959 to 1962, and $6,000
Dec.
COLORADO
Bond
Due June
$1,000 and $500.,
nom.
of
accrued
interest.
Notice of acceptance of
tenders
the
above
named agent on May 12, 1944, and
good faith checks accompanying
will
mailed
be
unsuccessful
turned
pursuant
ders
be
coupons
All
date.
purchased
must
will be
tenders,
said
on
by
to said
delivered
maturing
re¬
bonds
on
ten¬
with
and
Nov. 1, 1944, attached to the
on or before May 22, 1944.
all
after
bank
Palatka, Fla.
Bonds
Called
G. D. Bogue,
City Clerk, reports that refunding
bonds, dated July 1, 1935, which
ingly calls for submission to it at may be still outstanding, have
its Corporate Trust Department, been called for redemption and
55 Broad Street, New York
15, payment on July 1, 1944 at par
N. Y., before 3 p.m., E. W. T., on and accrued interest, at the CeiiMay 11, of tenders of said bonds. tral Hanover Bank & Trust Co.,
—
mitted.
The above named bank accord¬
Said tenders must specify
principal
amount
of
(1) the
bonds
of¬
New
on
York
City.
date called.
Interest
ceases
THE COMMERCIAL &
1908
Du
(P. O. Bartow), Fla. boundaries whereof are identical
Validation Sought— with the boundaries of the Board
Board of Commissioners on April of
Education
of
the
City
Polk County
14
filed
series
a
of
suits
to
vali¬
as
determined
last
being for the
The
refunding bonds designed year 1942 is $1,861,585,339.
to replace higher interest bearing total outstanding bonded indebt¬
debts now outstanding.
The suits, edness of the Board of Education
termed the State Board of Admin¬ of the City of Chicago is $35,200,Bidders shall
specify the
istration vs. the State of Florida, 000.
rate of interest (one rate for the
are as follows:
entire issue) in multiples of 14 of
Special Road and Bridge Dis¬
per annum.
Bonds will be
trict 19, in the Lake Pierce Dis¬ 1%
trict hear Waverly.
The suit pro¬ awarded to the acceptable bidder
date
SB A
1944
series
amount
bonds of
aggregate
refunding
poses
of
in
an
interest pay¬
able semi-annually on July 1 and
January 1, at the lowest fate ob¬
tainable sold at par or at 3%.
$13,000,
offering the lowest rate of interest
and at not less than par.
The best
bid shall be the acceptable bid
specifying the lowest rate of in¬
terest and if two or more bids
submitted
specifying the same
interest, the bid
1957, are to replace unpaid bonds naming such lowest rate of inter¬
est
and
offering
the
largest
of an original issue of $325,000
which were issued on July 1, 1927, amount of premium shall be ac¬
cepted. No bid will be considered
at 6%. > • '
■
■
In
District
13
near
Winter that does not offer to purchase
the entire issue of $11,000,000 at
Haven, SBA refunding bonds of
1944
series
in
the
amount
of not less than par at one rate of
These
mature
bonds
July
on
1,
are
lowest
of
rate
,
interest and otherwise conform to
maturing July 1, 1957,
of interest, replacing the conditions and specifications
herein set out.
Proposals will be
unpaid bonds of $325,000 issued
in July, 1925, at 5%%. interest. »■ referred to and considered by the
$13,000,
rate
same
In
District
12
in
the
Kathleen
4s.
Bond
held
be
bids
until
Clerk
The
—
will
May
receive
$75,000
building
Due Nov. 1, 1949 to 1957.
of
purchase
bonds.
County School District
Jo Davis
No.
(P. O. Galena) III.
120
Hollander,
N.
Sold—H.
Bonds
Secretary Board of Education, re¬
that $40,000 funding bonds
have been sold.
Joliet
Park
Sale
Bond
Secretary
missioners,
—
III.
District,
Tabor.
P.
Jack
Board of Park Com¬
reports that Paine,
Jackson & Curtis, of
purchased in January
$10,000 park protection bonds.
Webber,
Chicago,
Martin
Colfax)
O.
(P.
Township
III.
Bond
was
elec¬
Held—An
Election
held
p.m.
(CWT) on
SBA refunding bonds of
May 24, 1944, when award of the
1944 series, for $15,000, maturing
bonds will be made if satisfac¬
on July 1, 1958, to replace an issue
000 in 1945 to 1954.
tory bid is received.
Right is re¬
of 1938, total $593,000, at 5Vz%
served
to
reject all bids.
The Peoria County (P. O. Peoria), III.
interest.
printed * bonds
and
approving
Warrants To Be Sold—Leonard
C In District
10, Fort Meade area, opinion of Chapman & Cutler of
T. Sours, County Clerk, reports
SBA series 1944, an aggregate of
Chicago, will be furnished the
that the $171,000 tax anticipation
$22,000 to mature on July 1, 1958, purchaser. Subsequent to the date
warrants
mentioned in
v.
159,
replacing an issue of 1938 for of sale of these bonds, and prior
p. 1395 will be sold to local banks
$600,000, at 51/2% interest.
to Aug. 1, 1944, the date of deliv¬
as funds are needed.
In District 9 in the Pierce area, ery thereof, additional money may
SBA bonds of 1944 series, in an be received from taxes levied and Western Mound Township (P. O.
rentals
provided for payment of
Chesterfield) III.
July 1, 1955, to replace an issue of the revolving fund bonds of 1934
Bonds
Voted—An
issue
of
July, 1924, issue of $600,000, at and money so available shall be $8,000 highway bonds was voted
used on Aug. 1, 1944, in paying
51/2% interest.
at the election held recently.
redeeming
additional
re¬
In District 3, northwest section and
Western Springs Park District, III.
of Polk County in the vicinity of volving fund bonds of .1934, and in
Bond Election—It
is expected
that amount this issue of refund¬
Clay
Center,
SBA
refunding
bonds of 1944 issue, aggregate of ing bonds shall be reduced and that an election will be called in
of
aggregate
maturing
$30,000,
all
must
bids
be
so
conditioned.
the
near
future to
vote
an
issue
$118,000 maturing July 1, 1958,
The bonds that will not be issued of park acquisition bonds.
replacing the 1938 issue of $847,if additional revolving fund bonds
OQO, at 5V2% interest.
INDIANA
of 1934 are paid shall be selected
All bonds are to be issued in
by the Auditor of the Board of'
Hammond School City, Ind.
the denomination of $1,000.
Education in amounts as nearly'
Other Bidders—Claude C. Sohl,
equal
as
practicable from
the
ILLINOIS
Secretary Board of Trustees, sub¬
bonds that are optional on Aug. 1
mits the following list of other
Charleston, III.
of each of the years 1945 to 1953,
bidders
in
connection with the
Bond Election—The City Coun¬
inclusive.
Any balance of such
sale of the $100,000 purchase of
cil passed recently an ordinance
money less than $1,000 shall be
1944 bonds as 3As, at a price of
calling for an election on May 23 placed in the sinking fund created
100.309, a basis of about 0.54%,
to
vote
$100,000
water
system for these refunding bonds.
The
to
the Harris
Trust & Savings
bonds.
bonds will be delivered at the City
Bank of Chicago—v. 159, p. 1811:
of Chicago on Aug. 1, 1944, and
Chicago, III.
Int. Rate
the purchaser must be prepared
Bidder—
%
Price
Bond Offering—R. B. Upham,
to pay for said bonds in Federal Halsey, Stuart & Co
%
100.185
City
Comptroller,
will
receive
%
100.027
Reserve funds payable in Chicago Northern Trust Co., Chicago
sealed bids until 9:30 a.m. (CWT)
1
100.311
and accept delivery of the bonds City Securities Corp., Indian.
Fletcher Trust Co., Indianap.
1
100.273
on
May 24 for the purchase of
not later than 9:30 p.m. on that Calumet Nat. Bk., Hammond
1
100.075
$11,000,000 board of education re¬
100.02
day, and each proposal must be so Mercantile Bank, Hammond 1
funding of 1944 bonds. Dated Aug.
Lincoln National Life Insur¬
conditioned.
Each proposal must
ance Co.,
Fort Wayne——
2Vz
100.00
1, 1944. Denom. $1,000. Due Aug.
be
accompanied by a certified
1, 1954. Optional at par and ac¬
check
for
$250,000, payable to Indianapolis Sanitary District, Ind.
crued interest on Aug. 1, as fol¬
Raymond
P.
Drymalski,
City
Warrant
Offering — Roy
E.
lows: $1,000,000 in 1945 to 1947,
Treasurer.
Hickman, City Controller, will
$1,250,000 in 1948 to 1951, and
receive sealed bids until 11 a.m.
$1,500,000 in 1952 and 1953, or on
Chicago Park District, III.
(CWT) on May 22 for the pur¬
any interest payment dates after
No Tenders Received—In con¬
chase of $50,000 not to exceed 5%
said respective dates.
For pay¬
nection with the call for tenders interest
temporary
loan
war¬
ment of principal of said bonds it
on
April 25 of funding bonds rants. Dated as of the day of de¬
is contemplated -that taxes will
dated Dec. 1, 1938, it is reported livery.
Denominations
as
re¬
be levied, $1,250,000 for each of
that
no
tenders were received. quested by purchaser.
Due July
the years 1944 to 1951, inclusive,
Said bonds being bonds Nos. G-129 1,
1944.
Delivery to be made
and $500,000 for each of the years
to G-168, are now called for pay¬
within 5 days after award.
Said
1952 and 1953.
Proceeds of such
ment on June 1, 1944.
warrants
shall be payable only
taxes shall be used in calling the
out of the proceeds of the taxes
bonds for payment according to
Bond Call—R. J. Dunham, Pres¬
their terms.
All bonds redeem¬ ident of the Park District, calls actually levied in the year 1943,
.
'
'
•
.
able
first
be
bonds
date
the
on
redeemed
optional
bonds
shall
date
before
subsequent
a
to prin¬
as
Principal and interest
at
the
any
payment. The
registerable
are
cipal.
at
called for
are
able
earliest
>
of
office
pay¬
the
City
School
for
at
payment
interest
par
June
on
1,
and accrued
1944 certain
2%%
funding of 1938 bonds Nos.
G168, aggregating $40,000.
On presentation and surrender of
the said bonds on June 1, 1944,
G129 to
the bonds
called and all interest
so
ex-officio,
coupons due on and after June 1,
Treasurer, or at the office of the 1944, thereto belonging, at the
Fiscal Agent of the City in the District Treasurer's office, or at
Treasurer,
the
of the holder.
Bank
of
Chi¬
cago, payment
be
issued
amount
These bonds
refund
to
of
are
like
a
to
par
and
pur¬
holders
for said bonds shall
the holders thereof;
to
present
of
chased
4V2%
1934
revolving
which
were
Corporation, redeemable on
Aug. 1, 1944, and are payable from
nance
valorem
upon
made
fund
by the Reconstruction Fi¬
bonds
ad
be
First
National
City of New York, at the option
all
taxes
the
to
be
taxable
levied
property
pons
the
privilege is
of
extended to
bonds called, to
the
them with interest cou¬
due on and after June 1,
1944, for payment prior to June 1,
1944, namely at any time on or
after April 28, 1944, and holders
within the boundaries of the City
of Chicago, without limitation as
will
to
pal and interest
rate
or
valuation
within
the
amount.
of
The
taxable
assessed
property
City of Chicago
(the
at
once
ment the
June
receive
same
1, 1944.
Denom.
$1,000.
in full
on
placed
...
to
calling
submit
to
for
the
an
voters
$40,000 airport bonds.
Pleasant Hill Rural
Independent
School District, Iowa
Bond
Offering—Joseph Pierick,
Directors, will
receive bids until 1 p.m. on May
8
at
the office of the County
President Board of
Superintendent of Schools, Room
105, County Court House, Des
Moines,
for
the
purchase
of
$30,000
building
bonds.
Due
$3,000 June 1, 1946 to 1955.
The"
District will delivery the bonds
with the final approving opinion
of
William
L. Hassett, of Des
Moines, as to the validity there¬
of, but the bidders may at their
option make their bid subject to
the
approving opinion
of any
recognized municipal
bond at¬
torney, such additional opinion to
obtained
be
pense.
by
of
a
the
at
bids
(including bids by
telegram) until 5 p.m. (EWT) on
May 9 for the purchase at dis¬
of $500,000 notes.
Dated
15, 1944. Denom. $50,000,
$25,000, $10,000 and $5,000. Due
count
petition
circulation in
in
sealed
May
A
—
future
near
issue of
an
bidder's
ex¬
Bids must be accompanied
certified check in the sum
Dec.
31, 1944. Issued in anticipa¬
tion of
Second
the
at
1944.
National
for the year
revenue
Payable
Bank of Boston and will be ready
for
delivery on or about May 15,
1944, at said bank for Boston
The notes will be certi¬
Funds.
fied
to the
as
genuineness by the
under
of
advice
of
Bank
National
Second
Boston
Thorn-
Storey,
dike, Palmer & Dodge of Boston,
No
telephone bids will be ac¬
cepted.
Portland, Me.
.
Sale—The
Note
offered
sale
for
awarded
Bank & Trust
$700,000 notes
May 3 were
on
Central
the
to
Hanover
Co., and Barr Bros.
&
Co., both of New York at 0.38%
8, 1944. De¬
nomination to suit purchaser. Due
discount. Dated May
Oct.
5, 1944. Other bidders were:
National Bank, Boston, at
0.389%
discount;
First
Boston
First
Corp., at 0.396% discount; Leavitt
&
Co., at 0.407% discount.
$750.
I
MASSACHUSETTS
KENTUCKY
Brookline, Mass.
Clay County
(P. O. Manchester),
Ky.
Bond
Sale—The
$32,000 road
and
bridge
refunding
of 1944
bonds offered for sale on April
29 were awarded to F. L. Dupree
Note
Sale-r-The
$300,000 notes
May 1—v. 159,
*
& Co., of Harlan,
price of 105.65, a
4.423%.
5s, paying a
basis of about
De¬
Due $8,000 May 1,
as
Dated May 1, 1944.
$1,000.
nom.
1961 to 1964.
Knott
County (P. O. Hindman),
Ky.
Bonds to be Exchanged—Harry
R. Lynn, State Local Finance Of¬
ficer, reports an issue of $73,000
refunding bonds was approved
recently.
The refunding bonds
bearing interest at the rate of 4%
are
to
be
exchanged with the
holders of $45,000 of 6% funding
bonds dated April 1, 1930, for the
amount
of
the
bonds
together
with $28,000 of past due interest.
The refunding bonds are to be
dated April 1, 1944, and are to
mature serially on April 1 of each
year from 1945 to 1964, inclusive.
offered for sale
Morgan County (P. O. Liberty),
Ky.
Bond
offering—Stella Fannin,
County Court Clerk, will receive
sealed bids until 10 a.m. on May
16
1812—were awarded to the
County
Trust
Co.
of
Brookline,
at 0.299%
discount.
Due Nov. 2, 1944.
The next high¬
Norfolk
bidder
est
purchase of $29,000
refunding bonds.
Dated June 1, 1944.
Due June 1,
and bridge
Other
bidders
for
Enclose
Maiden,
Note
Second
Sachs
Mass.
Offering
—
Howard
J.
Hughes, City Treasurer, will re¬
ceive bids until noon (EWT) on
May 9 for the purchase at dis¬
count of $250,000 notes issued in
anticipation of revenue for the
year 1944. Dated May 9, 1944 and
payable Dec. 8, 1944 at the Na¬
tional Shawmut Bank of Boston,
Legal opinion of Storey, Thorndike, Palmer & Dodge of Boston,
Methuen,
Offered
Mass.
M.
Lydia
—
Dietrich, Acting Town Treasurer,
received sealed bids until
11
a.rm
May 5 for the purchase of the
following coupon bonds aggregat¬
ing $47,000:
on t
$7,000 Highfield's stadium build¬
ing bonds. Due $1,000 May 1,
1945
to
County (P. O. Owenton),
Ky.
Bond Offering—H. C. Thomas,
County Clerk, will receive sealed
bids until 10 a.m. on May 23 for
the
purchase of $18,000 road and
bridge refunding
bonds. Dated
June 1, 1944. Due $3,000 June 1,
bonds
Said
1954.
to
issued
pursuant
will
to all the
conditions of
an
be
terms
order of the
1951.
to
20,000 fire department equipment
bonds. Due $5,000 May 1, 1945
check
certified
a
$500.
and
discount.
The
0.35 discount, and Goldman,
& Co. at 0.39% discount.
Owen
1949
were:
National Bank, Boston, and Bos¬
ton Safe Deposit & Trust Co., at
1974, bptional on or after June 1,
1954.
the First National
was
Bank, Boston at 0.349%
the
for
road
on
p.
Bonds
1948.
;
sewer construction bonds.
Due $4,000
May 1,. 1945 to"
20,000
1949.
Dated
$1,000.
y4
a
May
of
must
interest
in
Each
1%.
separate
bids
1944.
1,
Bidders
of
rate
a
Denom.
one
name
multiple of
loan may carry
of interest, but
rate
m.pst be for all of the bonds
offered.
and
,sNo bid for less than
accrued
interest
to
date
par
of
delivery will be considered. Prin¬
cipal and interest payable at the
and
4, 1944, which order may be in¬
spected at the office of the County
Clerk at any usual hour by an
by
interested party. The County will
law
furnish printed bonds and a legal
to
provided.
Issued pursuant
the provisions of Sections 21 of
act of the General Assembly
opinion
and
which
enforced
an
of the
all
in
will
the
be
collected
year
1944,
as
Stat,e in the year 1917, and
amendatory thereof and
acts
supplemental thereto, including4,
an
act approved March 7, 1923,
and
an
act approved
March 7,
,
all
pay
with
and
which will be col¬
enforced
in
the
warrants
and
the
interest
there¬
First
National
principal and interest.- Each loan
will be engraved under the super¬
vision of and authenticated as to
East Baton Rouge
urer
held
Parish, East
Bonds
It
is
Under
reported
Consideration—
that
issue
an
bonds
construction
of
is
favorable
The bonds will be delivered on or
about' May
National
Le wist on,
Winchendon, Mass.
Me.
Sale—The
City Treasurer,
will
$60,000
notes
offered for sale on April 28 were
.
Note Offering—Adrian O.
til,
15,' 1944, at the First
of Boston against
Bank
payment in Boston funds.
Note
airport
The
Boston.
School District (P. O. of these issues will be furnished
without charge to the purchaser.
Baton Rouge) La.
Voted—The
recently the $35,000
of
Baton Rouge
MAINE
Due Dec. 1, 1948.
obli¬
opinion of Ropes, Gray, Best &
Rugg, of Boston, as to the validity
Jefferson, Iowa
Dated Dec. 1, 1938.
Boston,
gations of the Town, exempt from
all
taxable property in the Town will
be subject to the levy of unlimited
ad
valorem
taxes to
pay
both
Bank
under consideration.
City Treas¬
reports that at the election
of
taxation in Massachusetts, and
IOWA
Bonds
Bank
Bonds will be valid general
genuineness by the First National
LOUISIANA
$3,000,000
on.
these
check
$1,000, payable to the County
year
1944, has been appropriated and
pledged to the payment of said
certified
Treasurer.
1935, and as last amended by an
approved March 6, 1937.
A
sufficient amount of the proceeds
lected
a
of
sale
and
Enclose
act
from the taxes,
of
issuance
bonds.
for
Peter,
Heyburn
&
Louisville, and will
expenses
in connection
of
Marshall
pay¬
is payable
as
County Fiscal Court, dated April
amount of princi¬
as
be
the
for the
8
4
■
Election
election
recently to submit
to the voters an issue of $40,000
road construction bonds. Due $4,-
area,
Bond
.
34, III.
Education
of
sealed
tion
2
at
No.
Offering
Board
ports
V,
■
will
District
voted.
were
Perry, Iowa
I
Clenview Consolidated School
*
Board of Education at its meeting
to
yet.
of
Education, reports that
$20,000 funding bonds were sold
as
bonds
No date of sale has been fixed
O. Villa Park), III.
Bond Sale—H. E. Hinkel, Clerk
Board
Monday, May 8, 1944
construction
Page County School District
No. 45 (P.
Refunding
.
FINANCIAL CHRONICLE
Anc-
awarded
receive Bank
of
to
the
Boston
Second National
at 0.363% dis-
[Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4279
1944. Due pected to rise to $36,000,000 or County.
Delivery on or before
The other bidders $38,000,000 by the end of the per* June 10, 1944. Enclose a certified
Corp.
at iod. "Had the Legislature re¬ check for $840, payable to the
0.373%
discount,
and National frained from* post*war appropria¬ County Treasurer.
Shawmut Bank, Boston, at 0.40 % tions," Mr. Brown said, "the sur¬
MISSOURI
discount.
plus would have exceeded the
$50,000,000 previously predicted."
Missouri (State of)
Dated May 1,
count.
Oct, 15, 1944,
were:
First
Boston
MICHIGAN
Paw Paw,
Bloomfield
Township Fractional
School District No. 6, Mich.
Bond
Call—Reginald E. Cox,
District Secretary, calls for pay¬
ment on June 1, 1944 refunding
bonds Nos. 57 to 65, dated June
1, 1939, maturing June 1, 1951 and
1952, optional on any interest pay¬
ment date at par plus accrued in¬
terest on or after June 1, 1943. \
i
Constitutional
Mich.
Bond Call—Pursuant to the pro¬
visions ' of
the
trust
indenture
Convention
Consolidation
proves
Ap¬
Local
of
Units—State Constitutional Con¬
vention voted its approval April
1938 between
25
of
far-reaching reforms in
the
Village and the Michigan
county administration, including
Trust' Co., as Trustee, ■3.1/4 % elec¬
authorization for consolidation of
tric light mortgage bonds of the
counties and unification of certain
village, Nos. 49 to 59, aggregating
city and county offices;
$10,000, part of an issue of $75,Approval was given a report of
000, are called for payment on
the Committee on Local Govern¬
June 1, at par and accrued inter¬
Said bonds should be delivered
ment, headed by Dr. W. L. Bradest to redemption date. Payment
to the Community National Bank
shaw, of the University of Mis¬
of the redemption price will be
of ;Pontiac, Pontiac.
Interest made at the
souri, which Would authorize two
Michigan Trust Co.,
or
ceases on date called.
more
counties to consolidate
>
Grand
Rapids, on presentation
with the sanction of a majority of
Bloomfield, Troy, Royal Oak and and surrender of said bonds in
qualified voters of each unit af¬
bearer form with coupons
due
$outhfield Townships Fractional
fected. Consolidation propositions
June
School District No. 1, Mich.
1, 1944, and subsequently
could not be
subjected oftener
-v.
: "-''v
V
Bond
Call—John
H.
Russo, attached.
than once every five years.
Treasurer
Dated June 1, 1938. Denomina¬
Board
of
Education,
The report also authorizes the
calls for payment on Oct. 1, 1944, tions $1,000 and $500. Due June 1,
on
which date interest ceases, re¬
funding bonds Nos. 436 to 470, at
the Manufacturers National Bank,
made
of June 1,
as
as
follows: $3,500
in 1951 and
1952, and $3,000 in 1953.
,V'[,
Redford Township, Redford Union
Detroit, or the Birmingham Na¬
Schools, District No. 1, Mich.
tional Bank,, Birmingham.
In¬
Tenders Wanted—Bonds Called
terest 'coupons must
accompany
these bonds when presenting for —Bernard Hiller, District Secre¬
payment. '
^y:::^ , tary, will receive sealed tenders
until 7 p.m. on May 9 of cer¬
Dearborn Township School District tificates of indebtedness in the
No. 8 (P. O. Inkster) Mich
amount of approximately $21,000.
Call—Max
Bond
Bell, District
Treasurer, calls for payment on
July 1, 1944, on which date in¬
terest shall cease, $10,000, 2l/z%,
refunding bonds, dated May 1,
1941, numbered 91 through 100,
of
the
denomination
of
$1,000
Said bonds should be pre¬
each.
sented for payment at the Manu¬
facturers National Bank of De-
^':
troit,
Detroit,
Detroit
Bank
of
has been reappointed
calls
for
payment on
June 1, 1944, on which date in¬
terest ceases, at par plus accrued
interest, refunding bonds
Nos.
414 to 443, dated Nov. 1, 1942.
Whitewater Township School Dis*
trict No. 1 (P. O. Williamsburg)
Mich.'
Bond Call
—
Clarence Selkirk,
Education,
June 1, 1944
on which
date interest ceases, at
the
First
Peoples State
Bank,
Traverse City 4% refunding bonds
Nos..5, 7, 19, 30, 46, 47, 52, 59, 70,
72, 73, 81, 82, 83, 84, 94, 111, 112,
calls for
Agent—The
National
Hiller
Board
Secretary
Mich.
Fiscal
Reappoints
Manufacturers
Mr.
payment
of
on
dissolution
of
county
a
upon
a
two-thirds
majority of the quali¬
voters, with the provision
that all or portions of the dis¬
solved unit may be annexed to
adjoining counties.
An
unsuccessful
attempt
to
have the voting requirement re¬
fied
:
duced from
a
two-thirds to
a
■
sim¬
ple majority was made by C. P.
Damron, of Farmington, who said
there are counties in his section
which
in
are
a
critical financial
condition and that their only so¬
lution
with
is
to
some
dissolve
and
unit.
other
He
unite
said
1909
submitted by Boland,
was
Saffin
York. The plan
provides for the issuance of $2,079,000 new 3%% refunding bonds
Of 1944 to take up $2,069,000 of
outstanding bonds which carry
&
$41,000 in 1948. Issued under the
authority of the City Charter and
Co., of New
rate
coupon
4V2%
and
change
of
bonds
of
is
4%
the
ipal Law to finance the payment
claims against the
City; the
period of probable usefulness of,,
the object or purpose for which
and
an
ex¬
the bonds
the
old
Rate of interest to be in
of
portion of
a
with
3y2%,
based*upon
Section 5-d of the General Munic¬
of
the
of
balance
above,
stated that he. had been
authorized by the Borough Coun¬
cil to undertake this work and
submitted
certified
a
resolution
to
firm
been
has
the
of
copy
effect
payable
a
fiscal
a fee not to exceed $5,000,
with the over-all cost of issuance
not to exceed $10,000, said fees
be
subject to the approval of
Commission and to
paid upon a 100% completion
the Funding
be
of the
of
refunding. More than-30%
the
issue
new
callable.
The
will
plan
be
was
made
taken
under advisement for further
the City Treasurer'swill, at the request
registered holder, be re¬
mitted by mail in New York ex¬
change. The bonds are'valid legal¬
ly binding obligations of the City,
for the payment of the principal
proximately
$5,000
and
$3,000
bonds, dated Dec., 30, 1939, until
in May 17. Tenders to be
made in writing and deposited at
the office of the district, R. F, D.
No. 4, Farmington, Mich.
8 p. m.
If sufficient tenders
ceived to
consume
are
not
re¬
all the moneys
1,,1944 and were re-offered by the
successful
bidders
to
yield from
con¬
sideration.
of
-V'r-v';"''
Bond
Board
will
Offering
of
County
receive
and
The
Clerk
Commissioners
bids
until
herein, the district will 10:30 a.m. on May 11 for the pur¬
chase of $42,000 not to exceed 2%
proceed to redeem such bonds or
interest coupon refunding bonds;
certificates by lot.
Dated
June
1,
1944.
Denom.
Michigan (State of)
$1,000.
Due June 1, as follows:
Accumulated Surplus May Reach $3,000 in 1947 to 1949, $5,000 in
$38,000,000 —- The State's general 1950, and $7,000 in 1951 to 1954.
fund surplus for the current fis¬ No split rate bids will be con¬
Place of payment to be
cal year ending June 30 will ap¬ sidered
proximate $8,000,000 to $9,000,000, designated by purchaser in bid.
No bids for less than par will be
compared to a surplus of $28,733,C00 accumulated during the pre¬ considered.
All bids must be un¬
vious fiscal year, it was estimated conditional except as to legality
April 27 by State Auditor-Gen¬ which may be made conditional
the legal opinion of Dorsey,
Colman, Barker, Scott & Barber,
difference is not in revenues, but of Minneapolis, whose opinion as
in the fact that the State Legis¬ to legality must be accepted by
lature in February appropriated the purchaser.
These attorneys
$21,113,000 for post-war purposes have approved all proceedings up
out of this year's income.
"-•> to the sale. Bidders are requested
The post-war
surplus., is, ex¬ to use bid forms,provided by the
,
Mr.
Brown
upon
which
on
the
valorem
taxes
as
be
neces¬
as
may
without limitation
sary
to rate
amount; the purchaser will be
with, the opinion 1 of
Sullivan, Donovan & Heenehan,
of New York, to that effect. The
preparation of the bonds will be
attended to by the Bank of the
Manhattan Co., New York, which
will certify as to the genuineness
Winslow T owns hip, N. J.
of the signatures and the
seal
Refunding Proposal Under Con¬ thereon, and will be delivered to
sideration—The proposal for re¬ the
purchaser on May 22, 1944, or
funding the indebtedness of the as soon thereafter as they may fee
Township was discussed at a re¬ prepared, at said bank. The en¬
cent meeting of the Local Govern-: actment at
any time prior to the
ment Board. A plan submitted by
delivery of the bonds, of Federal
Mr. Wilder M. Rich was taken
legislation which in terms, by the
under advisement for further con¬ repeal or omission of
exemptions
sideration at a later meeting.
or otherwise subject to a Federal
the bonds
specialized instruction given
schools.
Bond Election—An election has
been
called for
to the
voters
an
May 8 to Submit
issue of
furnished
NORTH
&
1.20s, at
bidders
Trust
a
Co., Albany, for
price of 100.211. Other
were as
N. J.
Int. Rate
Bidder—
■
R.
D.
White &
L.
Allen
&
*
„
1
'
price
•
Bank, Boston
Halsey, Stuart & Co.____»™
Nat. Bronx Bank, N. Y
Barr Bros. & Co.—-—.J"
H.
To Close Books For Payment—
J.
follows:
First National
NEW JERSEY
Fort Lee,
Bank
1.20
100.02
VA
100.085
iy4
100.028
Bond Sale—-The $65,000
market
bonds offered for sale on
house
May
Hewitt, member of the
Liquidation for the Bor¬
ough, reports that books will be
closed on May 15 for payment on
June 1, 1944 interest on 2% Inter¬
est Funding Warrants. Semi-an¬
nual interest will be paid to hold¬
ers of record as of May 15. Pre¬
viously books have been closed as
159, p. 1814—were
Equitable Secur*
ities Corp., as 114s,
paying a price
of 100,592, a basis of about 1,139%,
Dated April 1, 1944. Denom.
$1,000. Due April l^as follows:
$5,000 in 1945 and 1946, $10,000 in
1947, $5,000 in 1948 and 1950,
$10,000 in 1951 and 1952, and $5,000
of the 20th of the month.
1953
the
and
highest bidder
1954,
was
The
next
R. S. Dickson
&
Co., for $20,000, 2%s, and $45,000, Is, at a price of 100.09. f'.
t*
,
Southern Pines, N. C.
Bond
Offering—W.
E.
;
Easter-
ling, Secretary Local Government
Commission, will receive sealed
bids at his office in Raleigh until
11 a.m. on May 9 for the
purchase
of $330,000 not to exceed 6% in¬
terest
couponsf community
build¬
bonds.
Dated May* 1, 1944.
$1,000. Due May 1, as
follows: $1,000 in 1946 to 1948, and
$2,000 in 1949 to 1963. RegisterDenom.
able as to
principal only; general
obligations; unlimited tax;: deliv¬
place of purchaser's choice.
Principal and interest payable in
York City. Bidders are re¬
ery at
New
quested to.
or
name the interest rate
rates in multiples of Va of 1 %.
..
100.025
1.40
100.312
part
100.11
1.40
100.08
1 lA
County (P. O. Buffalo) N. Y.
Bond
of
the bonds (having the
maturities) and another
rate for the balance, but no bid
may name more than two rates,
and each bidder must specify in
earliest
Offering — Jacob Tick,
County Comptroller, reports that his bid the amount of bonds of
$6,400,000 bonds will be offered each rate. The bonds will be
awarded: to the bidder offering to
for sale at :1 p. m. on May 24.
purchase the bonds at the lowest
New Rochelle, N.Y.
interest-cost to the Town, such
Eond Offering—Walter J. Bren- cost to be determined
by deduct¬
nan, Director of Finance, will re¬ ing the total amount of the pre¬
ceive
Lodi, N. J.
in
to
1.40
Co
Co
C. F. Childs & Co—
Erie
2—v.
awarded
Each bid may name one rate for
M.
Board of
CAROLINA
Greensboro, N. C.
ing
the
was
$25^)00
construction bonds.
issued exceeds
May 1, 1944.
Denom.
The next highest bidder
Commercial
National
$1,000.
Fergus County Roy High School
District (P. O. Roy) Mont.
are
five years.
Dated
MONTANA
explained that the
interest
City is empowered and obligated
by law to levy on all taxable
property of the City such ad
or
Runnemede, N, J.
Bond Issuance Approved-^The
State
Funding Commission re¬
cently approved the application
of the Borough to issue $245,000
3% refunding bonds.
in larger
—
sealed
stated
eral V. J. Brown.
the
I--.-:V
Pennington County (P. O. Thief
River Falls), Minn.
the
political groups in such counties
would always oppose this move
income tax the interest on
because of their fear of being
bpnds
NEW MEXICO
Of a class or character Which in¬
voted out of office through abo¬
cludes these bonds, will, at the
lition of their jobs.
Tucumcari, N, Mex.
Bond Call—The entire issue of election of the purchaser, relieve
Meanwhile, in St. Louis, the
Governmental Research Institute, 6% water bonds, dated June 1, the purchaser from his obligations
a
non-partisan,
fact - finding 1942, maturing June 1, 1945, op¬ under the terms of the Contract
of sale and entitle the
agency, made public an analysis tional June 1, 1944, is called for
purchaser
of U. S. Bureau of the Census payment on June 1, 1944 at the to the return of the amount de¬
posited with the bid.
statistics showing that a hodge¬ First National Bank, Tucumcari.
Enclose h
certified check for
podge of small, overlapping gov¬
$2,920, payable
to the City., ■
NEW YORK
ernmental units makes Missouri a.
0.45% to 1.05%, according to ma¬
turity.
at
office. Interest
-
agent at
to
same
notice of sale, will not be
considered. Principal and interest
his
that
appointed
be the
the
■
of certificates of
of 1% and
for all of the
bonds. Bids offering less than par
or conditioned if other than upon
.
tenders
years.
one-tenth
or
must
Saffin, of the firm mentioned
—
indebtedness in the amount of ap¬
5
multiples
issue to be offered at public sale.
fis¬
cal agent for the City of Detroit
for the 3-year period beginning
114, 123, 130, 132 and 140 in the
July 1,1944. Manufacturers amount of
$5,200, maturing Feb. government-ridden State.
Albany, N. Y.
Trust' Company, New York, and
Missouri's total of 10,737 units
1, 1963.
Bond Sale—The $80,000. bonds
The Northern Trust'■ Company,
of government is approached by
offered for sale on May 3—v. 159,
MINNESOTA
Chicago, will serve as sub-fiscal
only three other States, accord¬
p.
1813—were. awarded to the
agents in their respective cities.
ing to the analysis. With one unit
State Bank of Albany, as 1.10s,
Minneapolis, Minn.
of government for every 353 per¬
Erin, Warren and Clinton Town*
Bond Sale—The $1,814,800
paying a price of 100.125, a basis
sons,
Missouri has more than of about
ships Fractional School District
bonds offered for sale on May 4
1.074%, as follows:
twice as many units as the aver¬
No. 1 (P. O. Fraser) Mich.
—v.
159, p. 1812—were awarded
age for the United States.
In the $70,000 general improvement
Bond
Call
Lydia Seiferlein, to a syndicate composed of Phelps, nation as
bonds.
Due $7,000 May
1,
a whole, there
is only
Secretary Board of
Education, Fenn & Co., Stone & Webster and one unit for
1945 to 1954.
Issued to pro¬
every 849 persons.
Calls for payment on June 1,1944', Blodget,
vide
Inc.,
Paine,
Webber, With the exception of Illinois,
for
public
improve*
ton which date interest ceases) at Jackson & Curtis, First of Mich¬
ments; authorized by the Sec¬
Missouri has more governmental
the Detroit Trust Co., Detroit, re¬ igan Corp., all of New York, J. M.
ond Class Cities Law.
The
units than any of the other 12
funding bonds Nos. 52 to 60, in Dain & Co., Minneapolis, and The most
period of probable usefulness
populous
States and, in
the amount of $9,000.
Milwaukee
Co., Milwaukee,, as terms of
of the object or purpose for
population, it has more
Dated Nov. 1, 1940. Denomina¬ 1.10s, at a price of 100.32, a basis
which the bonds are issued
governments than Illinois.
tion $1,000.
Due $3,000 June 1, of about 1.037%. Sale consisted of
exceeds 10 years.
The analysis revealed that Mis¬
1963
to
1965.
Interest coupons
10,000 local improvement bonds.
$1,700,000 refunding bonds. Due souri, with 114, has more counties
must
accompany
these
bonds
Due $2,000 May 1, 1945 to
$170,000 on June 1, from 1945 than
any
other
State
except
when presenting same for pay1949.
Issued for the purpose
to 1954 incl.
Texas. By far the largest propor¬
ment.
f';V;^::-1:. v;;1;;■
of paying the assessed cost of
114,800 hospital bonds. Due June tion of governmental units in Mis¬
street improvements; author¬
1, as follows: $12,800 in 1945; souri consists of school districts,
Farmington and West Bloomfield
ized
by the Second
Class
$12,000 from 1946 to 1948 incl. of which there were 8,613 in 1942.
Townships Fractional School Dis¬
Cities Law.
and $11,000 from 1949 to 1954 Of these districts more than twoThe'/ period of
trict No. 6, Mich.
probable
usefulness of the
;
incl.
thirds
maintain
Tenders
Wanted—Gerald
only one-room
object or purpose for which
All of the bonds are dated June schools and are unable to provide
Banghart, District Treasurer, will
receive
is
Mr.
-
.
Va
issued
are
(EWT)
sealed
bids
until
noon
May 10 for the pur¬
Refunding Plan Submitted — chase of $146,000 not to exceed
According to the minutes of the 5% coupon or registered funding
Local Government Board meeting bonds. Dated April 1, 1944. De¬
nom. $1,000. Due April
on April 24, a plan for refunding
1, as fol¬
the indebtedness qf the Borough lows: $35,,000 in 1945 to 1947, and
on
mium
bid
from
the
aggregate
amount of interest upon all of the
bonds until their respective ma**
turities,* No bid of less
than par
and accrued interest will be enter¬
tained. In
the
the event that prior to
delivery of the. bonds. the
^
income
received by private hold¬
bonds of the same type
from
ers
and character shall be taxable by
the terms of any Federal income
tax
law,
the successful bidder
at his election, be relieved
may,
of his
obligations under the con¬
purchase the bonds and
in such case the deposit accom¬
panying his bid will be returned.
The approving opinion of Reed,
Hoyt & Washburn, of New York,
will be furnished the purchaser.
Enclose a certified check for $660
tract
to
in
$1,000
$1,000 in 1961 to
$2,000 in 1960,
1963, and $2,000 in 1964. Bidders
may bid for a different rate of in¬
terest in a multiple of *4 of 1%.
Principal and interest payable at
National
the
Bank
Orrville.
of
Sanders
will
be
Enclose
Bond
1944, of vari¬
May 1,
bonds, dated July 1, 1937, and
July 1, 1972, the county pur¬
ous
due
$20,000 bonds,
chased
Winston-Salem, N. C.
Sale—The
$255,000
Bond
re-
fundind bonds offered for sale on
159,
2—v.
May
awarded
to
1814—were
p.
&
Ripley
Harriman
13/4S, paying a price
Co., Inc., as
Details—In
Sale
connec¬
the bonds
sold at par.
were
Ohio
(State of)
Slight¬
ly—J. A. White & Co., -Cincinnati,
reported on May 3 as follows:
During the past week the Ohio
municipal market has continued
to hold steady, but bid prices in
Municipal Prices Down
instances have been reduced
some
slightly, due to
yield for 20 Ohio bonds, based on
the bid side of the market, stands
today at 1.32%, compared with
1.31% last week.
1944.
Denom.
The next highest bidder
Co., Wacho¬
via Bank & Trust Co., WinstonSalem, and Milwaukee Co., for
$1,000.
John Nuveen &
was:
The
index
for
remains
last week at
10 high grade
unchanged from
1.17%, but the index
for 10 lower grade
bonds declined
from 1.46% last week to 1.47% to¬
day,
the yield
with the dollar
Port
moving
price.;
inversely
OHIO
connec¬
of the
$25,000
the First
Portland, at
National
of
Bank
100.10, report of which appeared
in
v.
159,
p.
1703, Ralph P.
net interest cost of 1.55%.
Multnomah County (P.
land ) Ore.
Bond
Election
—
O. Port¬
A. A.
Bailey,
County Clerk, reports that at the
primary election to be held on
May 19 an issue of $4,000,000 per¬
manent
road
construction
and
maintenance bonds will be sub¬
mitted to the voters.
Seaside, Ore.
Bond Election—An issue of $t>£>,000
on
hospital bonds will be placed
the ballot at the primary elec¬
tion
on
May 19,
PENNSYLVANIA
Allegheny County (P. O. Pitts¬
burgh), Pa.
Bond
Sale —The
$1,440,000
bonds offered for sale on May 2—
159, p. 1703—were awarded to
syndicate composed of Harri¬
man Ripley & Co., Inc., PeoplesPittsburgh Trust Co., of Pitts¬
v.
a
burgh, Graham, Parsons & Co., of
Philadelphia,
Singer, Deane &
Scribner, of Pittsburgh and W. H.
Son & Co., of Phila¬
list of other bidders in connection
delphia, as lVss, paying a price of
100.2195, a basis of about 1.106%,'
as
$22,000 trunk $780,000 road, Series 51 bonds.
200,000 airport, Series 7 bonds.
Bond Sale—Agnes Brown, City sanitary sewer bonds as Is, paying
150,000 park, Series 13 bonds.
Clerk, reports that the City Sink¬ a price of 100.03, a basis of about
130,000 bridge. Series 30 bonds.
ing Fund Trustees will purchase 0.995% to Paine, Webber, Jackson
100,000
building improvement,
the $140,000 4% water works No. &
Curtis, of Cleveland—v. 159,
Series 14 bonds.
.-.-X:
;
9 enlargement bonds.
/:%,
Dated May p. 1814:Int. Rate
80,000 county-aid sewer, Series
18, 1944.
Denom. $1,000.
Due
Bidder—
%
Price
1 bonds.
$14,000 Nov. 1, 1945 to 1954. Prin¬ Ryan, Sutherland & Co
l1/*
101.41
Dated
iy4
lOi'.lO
May 1, 1944.
Denom.
cipal and interest payable at the J. A. White & Co
Stranahan, Harris & Co., Inc. 114
100.46
$1,000.
The combined maturities
City Treasurer's office.
Legality
Assel, Kreimer & Co._IVi
100.22
are as follows: $60,000 May 1, 1945
approved by Squire, Sanders & First Cleveland Corp
IV4
100.19
to 1950, $55,000 May 1,
1951 to
Seasongood & Mayer—™
lVz
101.07
Dempsey, of Cleveland.
Browning & Co.™—..
V/2
100.61
1960, $50,000 May 1, 1961 to 1964,
East Liverpool, Ohio
$35,000 May 1, 1965 to 1970, and
OKLAHOMA
Bond Sale—The $35,766 street
$30,000 May 1, 1971 to 1974. The
improvement bonds offered May
next highest
bidder was Union
Cement, Okla.
2—v. 159, p. 1607—were awarded
Trust Co., Pittsburgh, Mellon Se¬
Bond
Offering—C. M. Stepp,
to Fox, Reusch & Co., Cincinnati,
Town Clerk, will receive sealed curities Corp., Pittsburgh, Mellon
as
1V4S, at a price of 101.085, a bids until 8
National Bank, Pittsburgh, Bank¬
p.m. on May 15 for the
basis of about 1.06%. Dated April
ers
Trust Co., New York, R. W.
purchase of $5,000 water works
1, 1944 and due Sept. 1, as fol¬ extension
bonds.
The bonds will Pressprich & Co., E. W. Clark &
lows: $3,766 in 1945; $3,500 from
Shields & Co., and :Kean,
be sold to the bidder offering the Co.,
1946 to 1953 incl. and $4,000 in
lowest rate of interest and agree¬ Taylor & Co., for 1V4S, at a price
1954. Other bids, also for D/4S: '
of 101.2583. 1 Other bidders were
,
,
ing to pay
Bidder—
Price
Ryan, Sutherland & Co
100.95
3. A. White & Co
100.42
i
wStranahan, Harris & Co._„„_
est.
par
Enclose
a
and accrued inter¬
certified check for
100,17
Bonds Voted—The election held
$5,000 drainage
system bonds offered for sale
April
29—v.
159,
p.
on
1702—were
recently resulted in favor of issu¬
ing
$68,000
water
works
system
bonds.
awarded to
Fox, Reusch & Co., of
Dated June 1, 1944.
$500. Due $500 Sept. 1,
1954. The next highest
McAlester, Okla.
Cincinnati,
Denom.
1945
to
bidder
was
price of 100.02,
a
1.246%.
sold at
were
l^s,
at
basis of about
a
Other
bidders
were:
J, A. White & Co., for 2% bonds,
at
a
price of 100.34; Harpster Bank
for 2%
John
bonds, at a price of 100.00;
Herring for 3% bonds, at a
price of 100.00.
Ironton, Ohio
Bond
bonds
13
Sale—The
offered
were
for
awarded
$18,000 street
on
April
sale
to
J.
A.
White
&
Co., of Cincinnati as l%s, pay¬
ing a price of 100.284, a basis of
about 1.186%. Dated June 1, 1944.
Denom. $1,000. Due $3,000 June
1,
1946 to
est
1951. Principal and inter¬
payable at the First National
Bank, Ironton.
Marshallville,
Bond
Clinton,
ceive
Offering—R
Village
sealed
bids
Ohio
11
W.
will
re¬
u s s e
Clerk,
until
noon
Election Date To Be Set—Celest
O'Bannon, City Clerk, reports that
the
J. A. White & Co.
The bonds
on
May 16 for the purchase of $25,*00
street
improvement bonds.
City Council will meet on
May 8 to fix the date to vote the
sewer
to
the
First
National
BanR
of
Nowata paying a price of 100.083,
a
net interest cost of 1.53%, as
follows:
in
terest cost of 1.54%.
and
1947, $2,000 in 1948,
of
&
101.15.
bonds, at
price: of 100.809.
a
Chemical
&
Bank
&
-
Trust
Co.,
New
York, Salomon Bros. & Hutz-
ler,
Moncure Biddle
Mercantile
&
hill,
Bank
&
Sec¬
A. Sapper,
Call—G.
retary Board of Directors, reports
that
21/4%
operating revenues,
1938, bonds Nos. 201 to
called for payment on
May 15, 1944 at 102 together with
interest
accrued
thereon,
after
which date interest ceases. Dated
Series, of
are
Co., St. Louis, for 1%%
bonds, at a price of 100.469.
National City Bank, New York,
May 15, 1938. Due May 15, 1947
Estabrook & Co., Phelps, Fenn & and 1948. Present bonds for
pay¬
Co.,
Stone
&
Webster
and ment at the First National Bank
Blodget, Inc., and Paine, Webber, of Erie. All unmatured coupons
Jackson & Curtis, for iy2% bonds,
attached to the bonds
must be
at
price of 100.79.
a
called.
Archbald, Pa.
Sale—The
Bend
$270,000 fund¬
ing and refunding bonds offered
for sale on May 2—v. 159, p. 1703
awarded to Einhorn & Co.,
Cincinnati, as 3y2s, paying a
price of 100.411, a basis of about
"■
,v'
:
'
Hopewell Township School District
(P. O. Ambridge) Pa.
Considered
Issue
Bond
—
An
$18,000 construction bonds
recently considered by the
issue of
—were
was
of
Board
of
V.
Directors.
School
'
■.
V
•
'
'
,
.
..
,
Johnstown, Pa.
3.453%.
>
Dated May 1, 1944. De¬
Bond Offering—Fred S. Brosius*
$1,000.
Due Nov. 1, as fol¬
Director of Accounts and Finance,
lows: $12,000 in
1945J and 1946,
will
receive
sealed
bids
until
$13,000 in 1947 to 1950, $14,000 in
10 a.m. (EWT) on June 6 .for the
1951 to 1955, $15,000 in 1956 to
purchase of $140,000 not to exceed
1959, and $16,000 in 1960 to 1963.
13A% interest coupon city bonds.
Dated June 15, 1944. Denom. $1,Cambria County (P. O.Ebens000. Due $14,000 June 15, 1945 to
burg), Pa.
■
1954. Each bid shall specify in a
Bond Offering — Elmer Davis,
County Controller, will receive multiple of lA of 1% a single rate
of interest which the bonds are to
sealed bids until 2 p.m. (EWT) on
bear.
Principal and interest pay¬
May 23 for the purchase of $250,able without deduction for any.
000 % 1, iy4, iy2, 1% or 2% cou¬
taxes, except gift, succession or
pon general obligation refunding
inheritance taxes, levied pursuant
bonds. Dated June 15, 1944. De¬
to any present or future law of
nom. $1,000. Due June 15, as fol¬
the Commonwealth. Registerable
lows: $41,000 in
1945 and 1946,
$42,000 in 1947 to 1950. Bids
will
received
be
for
the
entire
Halsey,
&
of 100.219.
Peabody & Co., Alex.
Brown
• &
Sons,
Equitable
Securities Corp., Yarnall & Co.,
and Merill Lynch, Pierce, Fenner
& Beane, for 1 lA% bonds, at a
price of 100.18.
Goldman, Sachs & Co., Hallkgarten & Co., Geo. B. Gibbons &
The bonds
principal only.
will be sold to the highest respon¬
approval pf
issue at any of the above rates of
the authorizing proceedings by the
interest but no bid combining two
different rates of interest will be Department of Internal Affairs.
accepted. Registerable as to prin¬
cipal only. Payable from unlim¬
ited ad valorem taxes, and with¬
out
deduction
for
any
tax or
taxes, except succession or inher¬
itance
taxes, now or hereafter
levied
or
assessed
thereon
under
present or future laws of the
Commonwealth, all of which taxes
any
than par and ac¬
bid for less
No
crued interest
or
for less than all
of the bonds will be
accepted.
the event that prior
to the deliv¬
In
Of the bonds the income re¬
by private holders from
bonds of the same type and char¬
acter
shall
be
taxable by the
ery
ceived
of any
terms
Federal income tax'
law, the successful bidder mayr at
and agrees to
his election, be relieved of his, ob¬
pay. The bonds will be sold to the
ligation under the contract to pur¬
highest responsible bidder, pro¬
chase the bonds and in such case
the County assumes
vided
bid
such
is
less
not
than
accrued interest. The
highest responsible bidder shall
be the one who, having complied
with the conditions of sale, offers
and
par
the
take
to
whole amount of the
issue at the lowest interest cost to
municipality, which shall be
determined by deducting from the
total amount of interest to be
the
paid on account of such bonds
during
the
life
thereof,
the
amount of premium
offered, if
the deposit
of
a
class
or
cludes. these
election
opinion of Burgwin, Scully &
of Pittsburgh, that the
bonds are valid general obliga¬
tions of the City, payable from
ad valorem taxes levied upon all
the
Churchill
under
the
the
contract
and entitle the purchaser
of sale
the
of
terms
return
of the
amount
de¬
posited with the bid. Issued sub¬
ject to the favorable opinion of
Townsend, Elliott & Munson, of
Philadelphia, and will be deliv¬
ered to the purchaser only if and
after the proceedings authorizing
the issuance thereof have-been
Department of
approved by the
Internal
fied
Affairs.
check
amount
for
Enclose
2%
of
of the bonds,
a
the
property therein with¬
prescribed by
Enclose a certified check
the taxable
the
in
law.
for
limitation
$2,800, payable to the City,
Port
certi¬
face
payable to
the County Treasurer.
Voted—F. S. Cook, Bor¬
Bonds
2%
$20,000
r
Allegany, Pa.
ough Sdt^retary, reports that at
primary election held recently
the
the
flood damage repair
bonds were voted.
RHODE
ISLAND
Providence, R. I.
Bond
Sale—The $2,000,000
at the
will,
purchaser from his obligations
the
to
bonds,
The purchaser
furnished without charge
will be
character which in¬
of the purchaser, relieve
accompanying his bid
be returned.
will
face
the
and. above
over
Co., Inc.> Union Securi¬ amount of the issue. The enact¬
Corp., New York,
Bacon, ment at any time prior to the de¬
Stevenson & Co., Eldredge & Co.,
livery of the bonds, of Federal
Paul
H.
Davis
&
Co., Walter legislation which in terms, by the
Stokes & Co., Alfred O'Gara &
repeal or omission of exemptions
Co., and Phillips, Schmertz & or otherwise, subjects to a Federal
Co., for 1%% bonds, at a price of income tax the interest on bonds
,
to
as
sible bidder subject to
Blair &
Kidder,
Pa.
Erie School District,
Bond
:
~
^
ties
100.809.
offering
Co.,
&
Noyes
100.428 for 2%s.
Co., and 317,
Commerce
-
Trust
any,
blower
March
1,
1944.
Denom.
$1,000, one for $1,100.
Due Nov.
1, as follows: $1,100 in 1945, $1,000
1946
Clark
H. Rollins & Sons,
Stuart & Co., HornWeeks, First of Michi¬
gan Corp., Harvey Fisk & Sons,
Norman, Okla.
Newburger, Loeb & Co., and Dol¬
Election Proposal Considered— phin & Co., for 114% bonds, at a
The City Commission at its meet¬ price of 100.557.
ing recently considered a proposal
Klyth & Co., Northern Trust
to call an election to vote the fol¬ Co., Chicago, F. S. Moseley & Co.,
and Braun, Bosworth & Co., for
lowing bonds aggregating $274,000:
llA% bonds, at a price of 100.415.
$91,500 water bonds.
Glore, Forgan & Co., A. Web¬
ster
Dougherty
&
Co.,
John
60,000
sanitary
sewer
system
Nuveen & Co., H. T. Greenwood
bonds.
& Co.,' and Rambo, Keen, Close
27,500
fire
fighting
facilities
& Kerner, for llA % bonds, at a
bonds.
95,000 community hospital bonds. price of 100.411.
Chase
National
Bank,
New
Nowata, Okla
York, First Boston Corp., Harris
Bond Sale—The $6,000 fire de¬ Trust & Savings Bank, Chicago,
partment equipment bonds offered and First National Bank, Pitts¬
for sale on April 27 were awarded
burgh for 1 lA % bonds, at a price
$200,000 water works and
bonds.
For $1,000 maturing in
1947, as 2s, and $5,000 maturing
$1,000 in 1948 to 1952, as l*/2s.
The
next
highest
bidder
was
Small-Millburn Co., at a net in¬
Dated
E.
Co., Glover &
MacGregor, and E. Lowber Stokes
& Co., for DA % bonds, at a price
Hollis, Okla.
Bond Sale—The
follows:
Charles
2% of the amount bid.
Harpster, Ohio
as
Co., B. J. Van
est, on May 1, 1946 or on any sub¬
sequent interest date.-Second high
bidder for the bonds was Hemp-<
Co., Moore, Leonard & Lynch, and
C.
F.
Childs &
Co., for 1%%
and
follows:
with the sale of the
Columbus, Ohio
Lazard Freres &
Ingen & Co., Hemphill, Noyes
at par and accrued inter¬
in part,
nom.
Newbold's
Clinton, Ohio '
Other Bidders—W. L. Zeis, Vil¬
lage Clerk, submits the following
l%s, at a price of 100.16.
sale
1942 emergency bonds to
the
follows:
bonds
Our
of
as
1,
Ore.
Details—In
the
with
inactivity of
index
the
April
market.
the
101.08, a basis of about 1.70%,
Dated
Sale
Bond
tion
Co.,.-New-
&
& Hano, and S. K. Cun¬
ningham & Co., for. DA % bonds,
at a price of 100.15. ; *
burger
of Squire, Schindler, City Recorder, reports
that the bonds were sold as fol¬
& Dempsey, of Cleveland,
lows: $7,000 maturing April 1, $1,furnished the purchaser.
000 in 1946, $2,000 in 1947 to 1949,
a certified,check for $300.
as 2s, and. $18,000 maturing $2,000
Norwood, Ohio
April 1, 1950 to 1958, as iy2s. A
of
$131,000 general bonds. Due April
1, as follows: $25,000 in 1969
to 1972, and $31,000 in 1973.
^124,000 school bonds. Due April
1, as follows: $25,000 in 1969
to 1972,'and $24,000 in 1973.
Corvallis,
Stroud
Inc.,
Co.,
The approving opinion
Transylvania County (P. O. Brev¬ tion with the sale of the $6,000 4%
water system bonds to the City
ard) N. C.
County Purchased Bonds — E. Sinking Fund Trustees, report of
Carl Allison, Chairman Board of which appeared in v. 159, p. 1814,
County
Commissioners, reports Harry A. Filder, Secretary Sink¬
that as a result of the call for ing Fund Trustees, reports that
on
OREGON
1951, $2,000 in
1949 to
1952, $1,000 in 1953 to 1955, $2,000
in 1956, $1,000 in 1957 to 1959,
payable to the State Treasurer.
tenders
Monday, May 8, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1910
bonds
Fund
awarded to
of
159,
3—V.
May
by the Board of
Commissioners on
offered
Sinking
Lehman
p.
1815—were
syndicate composed
Bros., Kidder, Pea-
a
body & Co., F. S. Moseley & Co.,
Geo. B. Gibbons & Co., Inc., and
of New.
Eastman, Dillon & Co., all
York, paying a price of 117.46, a
of about 0.995%, for the
basis
$1,000,000 bonds maturing June 1,
1950, and 120.75 for the $1,000,000
due May 1, 1952, a basis of about
1.264%. The sale consisted of:
$500,000
highway
loan
bondsv
1, 1920. Due June
Dated June
$70,000 coupon
1, 1950.
500,000
highway
loan
bonds.
Dated May 1,1922. Due May
operating revenue bonds offered
May
3—v.
159, p.
1814—were
awarded to Kline, Lynch & Co.
1, 1952. ••
300,000 public improvement loan
bonds.
Dated June 1, 1920.
Dickson
City School District, Pa.
Bond Sale—The
Cincinnati, as 2y4S, at a price
100.11, a basis of about 2.18%.
Dated May 1, 1944 and due $7,000
on May I from 1945 to
1954 incl.
Bonds maturing May 1, 1947 and
of
Due
June
.
of
thereafter
are
callable in whole or
1, 1950.
500,000 school loan bonds. Dated
May 1,1922. Due May 1,1952,
Dated
June 1;
200,000 sewer loan bonds.
June
1950.
1,
1920.
Due
-
Volume
THE COMMERCIAL &
Number 4279
159
FINANCIAL CHRONICLE
1911
Other bidders
were
these bondholders and make them
city has been completed and the
Harris
&
parties to the suit. In
bonds
as follows:
Murfreesboro, Tenn.
Savings Bank,
Bond Sale—The $303,000 elec¬
Chicago,
First
National
Bank, tric system revenue refunding,
Portland, John Nuveen & Co., Series B, bonds offered for sale on
Braun, Bosworth & Co., and Whit¬ April 27—v. 159, p. 1703—were
ing, Weeks & Stubbs, for $1,000,- awarded to a syndicate composed
000, due June 1, 1950, at a price of the Equitable Securities Corp.
of 116.89, and for $1,000,000 due John
Nuveen & Co., of Chicago,
May 1, 1952, at a price of 120.73. Davidson & Co., of Knoxville,
First Boston Corp., and Bank Cumberland Securities
Corp., of
of America National Trust & Sav¬ Nashville, Barcus, Kindred &
Co.,
ings Association, San Francisco, of Chicago, Nashville Securities
.for $1,000,000, due June 1, 1950 at
Co., J. C. Bradford & Co., Jack
,a price of 116.84, and for $1,000,M. Bass & Co., all of Nashville,
.000, due May 1, 1952, at a price of C. H. Little & Co., of Jackson,
Trust
it is
•
and
First National
Bank, New York,
Bankers Trust Co., New York, Na¬
tional City Bank, New York, R.
W. Pressprich & Co., and Bee Hig->
gison Corp., for $1,000,000, due
June 1, 1950, at a price of 116.63,
and
for
$1,000,000 due May 1,
1952, at a price of 120.26.
The
Chemical
&
Bank
Trust
Co.,
New
Clark
a
28th
known
Fred
as
Navarro
County Road District
No. 8, Texas
Court
District
at
Corpus
ita, Kansas, has completed
refunding of $16,000 bonds.
been called for May 20 to
to the voters the
3%
submit
following not to
bonds
aggregating
$400,000:
distribution
;
fire
125,000
P. O. Boston), Texas
Offering—L. H. Griffin,
trict
Bond
County
Superintendent,
will re¬
ceive bids until May 20 for the
purchase of $15,000 school house
bonds.
Due Serially in 30 years.
Bidders
to
the
name
■
...
.
and
station
.•
.
equip¬
State
Call
Jesse
James,
calls for pay¬
value general rev¬
—
Treasurer,
face
ment
(P. O. Houston)
Texas
at
warrants
to
No.
590,430
(1943-44
W.
Plow-
County Treasurer,
reports
County has exercised the
option granted by Article 720, Re¬
prior
to
den,
1943.
that the
Statutes
on
of the State,
June 10, 1944
which date interest ceases,
on
Road
all
following refunding bonds:
and
Bridge of 1924 bonds
Nos.
501
through 750, now
outstanding of an issue num¬
price of 119.82.
Rockwood, Tenn.
Glore, Forgan & Co., for $1,000,Bond Call—Clifford
Ragle, City
000, due June 1,-1950, at a price Recorder; reports that 3%% and
of 116.02, and for $1,000,000, due
3%%
electric
system
revenue
May 1, 1952, at a price of 120.14. Series A bonds Nos. 18 to 135 are
Phelps, Fenn & Co., Graham, called for payment on June 1,
Parsons & Co,, Equitable Securi¬ 1944 on which
date interest ceases.
ties Corp., Coffin & Burr, Arthur Dated June
1, 1939. Denom $1,000.
Perry & Co., A. G. Becker & Co., Due June 1, 1945 to 1959. Funds
and
General
Civil
bered
1
to
750,
5%,
dated
April 10, 1924, in denom. of
$1,000.
Road and Bridge of 1927 bonds
Nos.
369-378,
384-638
and
641-701, now outstanding of
in issue numbered 1 to 701,
41/2%, dated June 10, 1927, in
denom, of $1,000.
McDonald-Coolidge & Co., Mar¬ for payment of said bonds and
tin, Burns & Corbett, and Crouse, payment of the
required redemp¬
Bennett, Smith & Co., for $1,000,- tion premiums and interest there¬
including
Series)
which includes all warrants issued
Call—Charles
1925, to redeem
and
This
prior
including
call
is
Revenue
to
Sept.
Dec, 19,
$921,964.
for
dated
warrants
1941,
1,
are
now
void because of the State's statute
of two
years' limitation.
of
sors
these
make
Posses¬
warrants
trict
to
presented
to
the General Claim Committee for
special appropriation at the next
session
of
the
State
Legislature,
Out-of-State holders of such
rants
State
Treasurer's
than
all
general'
State
when
war¬
requested to notify the
are
office.
revenue
warrants
issued
and
Other
warrants,
should
be
pre¬
sented
immediately for payment.
Prompt presentation for payment
of these warrants will be greatly
appreciated by the State Treas¬
These bonds shall be presented
000, due June 1, 1950, at a price on due Jue 1, 1944, will be avail¬
115.99, and for $1,000,000, due able at the Chemical Bank & on said date to the National Bank
of
May 1, 1952, at a price of 119.71.
Commerce, Houston, or the
Trust Co., New York City, and the
urer's office.
Blyth & Co., Paine, Webber, Hamilton National
Chase National Bank, New York,
Bank, Knox¬
Jackson & Curtis, L. F. Rothschild
for payment where they will be
ville.
Wichita Falls, Texas
& Co., Hemphill, Noyes &
redeemed at par and accrued in¬
Co.,
Bond Sale
Crummer & Co.
South Pittsburg, Tenn.
Alex. Brown &Sons, MerrillLynch,
terest.
and Rauscher, Pierce & Co., both
Bond
Call—A.' F. Sloan, City
Pierce, Fenner & Beane, Francis
of Dallas, recently purchased the
Hedley Independent School Dis¬
1. DuPont & Co., Field,. Richards Recorder,; reports that the fol¬
following first
mortgage water
trict, Texas
& Co., A. Webster Dougherty & lowing bonds dated June
1, 1939,
works system improvement bonds
Bond Sale—R. A. Underwood &
Co., and Schwabacher & Co., for maturing June 1, 1969, are called
aggregating $2,450,000:
Co., of Dallas, purchased recently
$1,000,000, due June 1, 1950, at a for;payment on June 1, 1944, on
the following bonds aggregating $203,000 3%
Revenue, Series 1,
price of 115.94, and for $1,000,000 which date interest ceases, at the
bonds.
Due April 1, as fol¬
$28,500:
due May 1, 1952, at a price of First. National
Bank
of
South
lows: $10,000 in 1945, $18,000
119.72.
refunding bonds.
Pittsburg: Refunding bonds Nos. $13,000 31/4%
in 1946, $15,000 in 1947 and
Due
April
15,
as
follows:
Halsey, Stuart & Co., Blair & 1 to 154, Denom. $1,000; Funding
1948, $25,000 in 1949, $36,000
$1,000 in 1953, and $1,500 in
Co., Inc., B. J. Van Ingen & Co., bonds Nos. 1 to 100, Denom. $1,000
in 1950, and $42,000 in 1951
1954 to 1961. Bonds maturing
Bacon, Stevenson & Co., Horn- and $500.
.
and 1952.
in 1959 to 1961, are callable
blower & Weeks, and Paul H.
247,000 31/4% Revenue, Series 1
April 15, 1947.
Davis & Co., for $1,000,000 due
"'f''V-.;.: TEXAS
bonds.
Due April 1, as fol¬
June 1, 1950, at a price of 115.89,
15,500 3 V2 %
refunding bonds.
Big Spring, Texas
lows: $17,000 in 1953, $46,000
and
for
Due
April
$1,000,000 due May 1,
15,
as
follows:
Bonds Voted—B. J.
in
McDaniel,
1954,
$23,000
in
1955,
1952, at a price of 119.61.
$1,000 in 1962 and 1963, $1,500
City Manager, reports that at the
$24,000
in
1956
to
1958,
Harriman Ripley & Co., Inc.,
in 1964, and $2,000 in 1965 to
election
held
recently, $400,000
$42,000 in 1959, and $47,000 in
1970.
Bonds maturing in 1962
Smith, Barney & Co., Stone & not to exceed
3% general obliga¬
1960.
Bonds
maturing
in
Webster and Blodget, Inc., Estaand 1963, are callable April
tions water works improvement
1956
to
1960, are optional
brook & Co., Union Securities
■;4
15, 1952.
and extension bonds were voted.
Oct. 1, 1955.
Corp.,
New
York,
MercantileDated April 15, 1944.
Denom.
Commerce Bank & Trust Co., St.
2,000,000 2%% Revenue, Series
Cisco, Texas
$1,000 and $500.
Principal and
2 bonds.
Due April 1, ias fol¬
Louis, Eldredge & Co., and R. L.
Bonds Purchased
In connec¬ interest payable at the Mercantile
lows: $5,000 in 1945 to 1949,
Day & Co., for $1,000,000, due tion with the call jfojr tenders National
Bank,
Dallas.
These
June 1, 1950 at a price of 115.66,
$7,000 in 1950 and 1951, $9,000
recently of 3% refunding, Series bonds are the available portion of
and
for $1,000,000,
in 1952 to 1954, $8,000 in 1955,
due May 1, 1941, and 3% water works and a total refunding issue of $80,500
1952 at a price of 119.01."
$10,000
in
1956
and
1957,
sewer revenue, Series 1941
bonds, comprising the entire indebted¬
$13,000 in 1958, $12,000 in
City Secretary George W. Downie ness of the District and are issued
SOUTH DAKOTA
1959, $14,000 in 1960, $76,000
reports that the city purchased under the authority of the Con¬
in
1961,
$78,000
in
1962,
$6,850 water bonds and $6,600 tax stitution and laws of the State, in
Lemmon, S. D.
$80^000 in 1963, $83,000 in
bonds at 74.90.
particular Article 2789 Texas Re¬
Bonds Voted—At the primary
1964, $85,000 in 1965, $87,000 in
vised
Civil Statutes
of 1925 as
election held recently the $25,000
Corpus Christi, Texas
1966, $90,000 in 1967, $92,000
amended, for the purpose of re¬
municipal
airport
bonds
were
Notice To Holders Of Refunding
in
1968,
$95,000
in
1969,
funding
an
equal
amount
of
voted.
Bonds—W. D. Bradford, Secretary
$97,000 in 1970, $100,000 in
legally
voted
direct obligation
Mcintosh Independent School Dis¬ of the Bondholders' Committee bonds of the
1971, $103,000 in 1972, $105,District, and are
for the 6% water plant revenue
000 in 1973, $108,000 in 1974,
trict, S. D.
payable from an ad valorem tax
bonds
and water plant revenue
Bond Sale
The $25,000 re¬
$111,000 in 1975, $114,000 in
levied on all the property in the
addressed
a
letter District within
funding bonds offered for sale on refunding,
1976, $118,000 in 1977, $121,the
limits
pre¬
dated May 3, .1944 to holders of
000 in 1978, and $124,000 in
April 28 were awarded to the
scribed
by
law.
Legality ap¬
Allison-Williams Co., of Minnea¬ certificates of deposit of the city's
1979.
Bonds
maturing
in
proved by John D. McCall, of
1965
to
polis as l%s. Dated May 1, 1944. water revenue bonds:
1979, are optional
Dallas.
.'
Denom. $1,000. Due $5,000 Jan. 1,
: "The
April 1, 1964.
committee is advised by
of
—
.
,
—
—
1945 to 1949,
its
Sioux
Falls, S. D.
City Audi¬
tor will receive bids until May 15
the
purchase of
authorized
$30,000 hos¬
These are the bonds
pital bonds.
held
election
the
at
recently.
No
locate such bondholders and have
them named as parties to the suit.
reports
information the commit¬
—
represents
Bondholders
T.
R.
Preston, Chairman Sinking Fund
Commissioners,
bonds
court postponed the trial and
that efforts be made to
'
aggregating $2,040,000:
tion
were
with the
received in
issue
of
$3,500,000,
on
1
authorized at
April 11, 1944,
$500,000 will be held for
future issuance.
Series
part of a' total
are
at election held
of which
taking
$1,000,000 sanitary sewer bonds.
500,000 storm sewer bonds.
340,000 permanent paving bonds.
200,000 bituminous street topping
that
no
$2,033,000
not
bonds.
represented
by
the committee and owning an ag¬
gregate
of
intervened
This leaves
$255,000
in
the
bonds
suit
to
bonds.
Bidders
Local banks
are
$300,000, 3% and 314%,
bonds, and $250,000, 3%
and 314%
Series 1 bonds
are
go¬
individuals holding ~i£fe
present Revenue bonds which are
ing
to
name :
the
rate
of
interest.
have
date.
connec¬
call recently of re¬
retired.
being
to
Mercedes, Texas
'
a balance of
Refunding Completed — Under
$338,000
bonds, the owners of which have recent date, E. W. Watts & Co.,
funding bonds, Series A, B, or C, not personally appeared as yet. of McAllen, refunding agent for
are
and funding bonds, all dated May Efforts
being made by the the City reports that the refund¬
committee's
counsel
to
locate ing for the indebtedness of the
1, 1935, and due May 1, 1950.
tenders
These bonds
"
Tenn,
Received
Tenders
all
directed
tee
t
Chattanooga,
Houston, Texas
the
purpose
the
For your
TENNESSEE
that
court
has
Bond Offering—W. H.
Maunbondholders not rep¬
resented by the committee to be sell, City Controller, will receive
named as parties to the commit¬ sealed bids until 10 a.m. on June
7 for the purchase of the
tee's action and for this
following
ordered
Bond Offering—The
for
counsel
gage.
cial obligations
The
The
City
Wichita
of
the
City
secured by a first lien
are
and
the
on
entire Water Works
System of the
City, including the improvements
to
be made
this
on
after
from the proceeds of
issue,
and
the
Trust
constitute
of
revenues
allowing
operating
for
first
sys¬
ordinary
Under
expenses.
Indenture
a
the
the
mortgaging
the
system the City covenants to de¬
posit with the Trustee bank on a
monthly
part
basis
of
the
a
proportionate
next
maturing prin¬
cipal and interest, which sum the
Trustee will remit to
the
paying
agent well in advance of the ma¬
turity date of the principal and
interest.
Legality to be approved
by Chapman & Cutler of Chicago.
UNITED STATES
United States
Priority for Cities Asked on
Surplus War Goods—A
proposal
to give
states, counties and cities
priority
the
the
combined
private
over
purchase
goods
of
United
States
business
surplus
advanced
was
in
war
recently by
Conference
of
Mayors.
cashable
are
at
as
Representative of their dis¬
them
Dallas.
Bank
Falls
trustee under the mort¬
These bonds are voted spe¬
will act
the
State
have
Denom.
should
with
arrangements
1944.
and
interest
Mercantile Na¬
the
Bank,
tem
Texas, (State of)
Warrant
enue
Harris County
of the
in¬
1,
Principal
at
lien
:■
Due in 25 years.
a
of
rate
system
ment bonds.
vised
tional
terest.
$275,000 gas
.bonds.
Bond
the
April
National
address of the secretary is
Broadway, New York 6, N. Y.
exceed
Dated
$1,000.
payable
—
Springhill Rural High School Dis¬
Bond Election—An election has
of
The
Completed
Dunne-Israel
The
115
1957 and 1958, $32,000 in
1959, and
$27,000 in 1960.
Bonds maturing*
in 1956 to 1960, are
optional Oct.
1, 1955.
Company of Wich¬
Refunding
P.
vs.
Christi.
York,
Goldman, Sachs &
Co., Northern Trust Co.,
Chi¬ Denom. $1,000.
The only other
cago,
Kean, Taylor
&' Co., C. bidder was
Stranahan, Harris &
F. Childs & Co., First of Michigan
Co., inc., Webster & Gibson, Ryan,
Corp., Charles Clark & Co., and Sutherland & Co., and James F.
William R. Compton & Co., Inc., Smith &
Co., for $303,000, 1V2S,
for $1,000,000, due June 1, 1950, at a
price of 100.04, a net interest
at
a
price
of 116.36, and for cost of 1.4945%.
$1,000,000, due May 1, 1952, at
is
City
of
Corpus
Christi and is being tried in the
&
price
suit
Hayward
Co.,. of Nashville,
100.011, a net int.
cost of 1.4438%, as follows: For
$260,000 maturing June 1, $29,000 in 1947, $30,000 in 1948, $31,000 in 1949, $32,000 in 1950,
$33,000
in
1951,
$34,000
in
1952,
$35,000 in 1953, $36,000 in 1954, as
IV2S, and $43,000 maturing June
1, $32,000 in.1955, and $11,000 in
1956 as iy4s. Dated Dec. 1, 1943.
at
expected that the trial of the
will take place some time in
year."
case
current.
are
June of this
:
120.35.
event,
any
The
recommendation
of several made in
Surplus
tration.
A
a
was
one
report to the
War
Property Adminis¬
delegation headed by
Mayor F. H. LaGuardia of New
York, conference chairman, dis¬
cussed with Administration
repre¬
sentatives methods by which ci¬
ties
obtain the
can
materials, and
concluded
that special legislation
be necessary.
may
The
conference's
report
de¬
clared that the nation's
larger ci-,
ties
are
"vitally concerned" over
the disposal of surplus war
goods,
asserting
that
they
are
major
purchasers
of supplies, materials
equipment
ranging
from
typewriters to bulldozers.
and
The
conference suggested that
no public
offering of sur¬
plus stock until non-Federal gov¬
there be
ernmental
units
have
had
a
45-
day opportunity to make their
purchases, or until it has been
determined
and
that
cities
are
states,
not
counties
interested
in
acquiring the material.
The
meeting took no action on
policy suggestions, deciding that
"special legislation may be re¬
quired to deal with some of these
problems."
'
Industrial
South
Growth
Urged
on
Atlanta,
A special dispatch from
Ga., to the New York
"Journal
of
12
—
Commerce"
reported in part
Continued
the
South
as
of April
follows:
industrialization
of
urged by Donald
M. Nelson, Chairman of the WPB,
tonight as a means of solving its
many
reconversion
problems,
which
"will
be
very
different
from and in many ways greater
than the problems of older indus¬
trial areas, such as Detroit."
Speaking before the Chamber
of Commerce here, Mr. Nelson as¬
serted
was
that
the
South
now
had
substantial accumulations of local
capital and capable management
its great
and labor in addition to
material
resources
and
favorable
climate. Because of this, he added,
"the South is
Economic
but
no
longer America's
problem Number One,
America's
Economic
Oppor¬
tunity Number One."
"Not every Southern war indus¬
try, of course, can be expected to
continue in operation," he empha¬
sized, "but all of them will play
at least an indirect part
in the in¬
follows: $247,000,
dustrial future of the South. The
3%, bonds due April 1, $41,000 in
1945, $35,000 in 1946, $39,000 in
1947, $41,000 in 1948, $33,000 in
1949, $22,000 in 1950, and $18,000
shipyards, many of which, it is
clear, cannot be kept busy after
the war, are nevertheless making
maturities
in
1951
are as
and
1952; and $303,000,
314%, bonds, due April 1, $45,000
in 1953, $18,000 in 1954, $45,000 in
1955,
$44,000
in
1956,
skilled
out
and
of
semi-skilled workers
farm boys, giving
'know-how' that makes
many
them the
for efficient low cost factory pro¬
$46,000 in. duction.
Similarly, executives of
^Southern
confronted $592,000 refunding bonds author¬
industries
ized at the election held
time, have, matured and developed
recently,
have been sold to Conrad, Bruce
at
& Co.,
with
the
difficult
of
tasks
war¬
an
astonishing rate."
Mr. Nelson pointed out that
while
greater
industrialization
does not /'automatically solve all
the South's economic and social
of Seattle, at private sale.
.
problems,"
Other
for
CANADA
gion, he continued, are the rising
health
standards, increased per
$9,150,000
Be
To
the
capita income and buying, and
increasing interest in educa¬
tion.
of
Meet¬
ing—Coming together when sav¬
ings stand at record figures, offi¬
cers and
trustees of the National
Commission, the City of Edmon¬
ton, Canada, has completed ar¬
rangements with an investment
banking group managed by The
First Boston Corporation and The
Dominion Securities Corporation
Mutual Savings
the Waldorf-
of
Association
Banks will meet in
and
New York, May 11
Astoria,
for
the
Securities
sale
of
and
a
Exchange
new
Edmonton, ninth in
of Canada,
of the sale
August 1, $8,718,653.80
the proceeds
with
105,000 ascribes its growth in pop¬
ulation and importance, primarily
to
its
natural
proximity to rich,
resources
tation
and excellent transpor¬
It is considered
facilities.
the natural gateway
to a vast re¬
Situated
on
the main transcon¬
tinental line of the Canadian Na¬
Railway, it
tional
issue
of
Northern
the
Alberta
of
some
500 miles to
gion
as
—the
yet largely undeveloped
Upper
Valley
of
the
British
of the
Columbia,
Alaska Highway.
a
from the
in preparation also indicate
savings bank affairs
gram
that
mutual
and
the
national
a
as
economy
time
whole will be discussed at a
is near.
when the Fifth War Loan
Representatives of business, bankring, industry and the Government
are to take part in analyzing sav¬
ings, not only as to their influence
against inflation, but especially as
they apply to the transition period
following the war.
The further
of
habits
whether savings
arises
question
nation as practiced
the
directed along the
be
today can
lines in the days of peace.
same
session of the sec¬
May 12, delegates will
take up investment problems. Dis¬
cussion of State and municipal fi¬
nance is to be undertaken by Carl
The morning
ond
day,
executive director of
Finance Officers
H. Chatters,
the
Municipal
"Faith
Association.
Brown, Presi¬
Lehigh Valley Rail¬
by R. W.
address
of
dent
Rail¬
the
in
is to be the subject of an
roads"
the
Company and Chairman of
Railroad Presidents
road
Eastern
the
Conference
Committee
Relations.
The
on
Public
Committee
Small Savings Banks has
on
arranged
luncheon session for the second
a
the
when
day
Professor
speaker is to be
A. Agger, an
economics
and
of Banking and In¬
Eugene
authority
upon
Commissioner
of New Jersey.
surance
UTAH
Provo, Utah
Bond
Call
I.
—
June
on
1, 1944 electric revenue,
1942, bonds Nos. 105 to
'Series
Dated Dec. 1, 1942. Denom.
$1,000.
Payment of said bonds in full at
and
par
interest to
accrued
plus
a
year's interest
rate
made
at
National
Bank & Trust
proper
Co., of Chicago, on
said bonds and
coupons on or after June
1944.
Interest
ceases
on
date
Irrigation District, f/\ O.
Ellensburg) Wash.
Bond Sale—Leonard F. Burrage,
Clerk,
reports
that
short time ago, may be less than
outstanding job
a
satisfactory today.
But your
How about
Checking
up
checking
to see if
up on
up
to see if
the situation in your plant?
everybody is playing his, or her,
of his,
or
her, ability. Checking
'multiple-salary-families'
are
setting cor¬
DIVIDEND NO. 77
The Board
to
shareholders of record
of business
last concerted bond effort. Or,
advanced in position
those who have been
and pay, but who may not have
advanced fheir bond
the close
top.
You've still got
a
one! It's the task of educating your
...
buying accordingly. Or even
e&ckIKE
sst'S-Ai1" s
withW££
workers to the
necessity of nohonly buying bonds, but of holding
a
people that
a
bond robbed of its chance to return its
full value to its
owner—or
country!
to his
So won't you start
checking
ATTACK-
bonds
.
.
.
and teaching
today?
War Bonds To Have And To
Hold!
.
*
The Treasury Department
the
acknowledges with appreciation
publication of this
message
by
THE COMMERCIAL AND
FINANCIAL
CHRONICLE
Secretary -Treasurer
This is
an
official U. S. Treasury
them.
bond sold before full
STUESSY,
1944
the
job before you—and a big
'*
May 10, 1944.
H. C.
April 28,
at
jacked
plant's
of Directors
of Eaton Manufacturing
Company has declared a dividend of
Seventy-five Cents (75c) per share on
the outstanding common stock of the
Company, payable May 25, 19.44,
very
maturity is
need attention. For
example, workers who have come in since your
s
job isn't finished, even when you've
participation in your Pay-Roil Savings Plan up to
Of teaching your
respondingly multiple-savings records.
NOTICE
Cleveland, Ohio
planned selling may step contributions up
*
the
EATON MANUFACTURING COMPANY
in the plan at
materially.
A number of other groups may
DIVIDEND
•those few who have never taken part
all. A little
part to the full measure
WASHINGTON
District
an
speed.
Pay-Roil Savings Plan set-up that appeared to be
of
called.
Cascade
The
days, things change with astonishing
on
the. American
presentation
These
date
premium of one
each bond at the
borne by the bond, will be
called,
FIGURES!
PAY-ROLL SAVINGS PLAN
1037, to the amount of $933,000,
bearing interest at 1%% and 2%.
I,
PLANT'S
WHEN YOU CHECK UP ON YOUR
Bench,
Grant
City Recorder, calls for payment
extends
Dawson Creek,
starting point
Opened
military traffic in 1942, this
Saskatchewan, the great drainage
Feb. 1, 1967.
basins
of the Athabasca, Peace, highway runs from Dawson Creek
The new debentures will ma¬
Slave and MacKenzie rivers and by way of Fort St. John, Fort Nel¬
ture
annually
in
amounts
of
the Yukon and Alaska.
The im¬ son, Watson Lake and Whitehorse
$525,000 from May 15, 1948 to May
portance of the city in relation to to Fairbanks, Alaska, a distance
15,
1955,
and
in
amounts of
the
development
of
Canada's of approximately 1,600 miles.
$550,000 from May 17, 1956 to
Northwest has been emphasized
Associated with The First Bos¬
May 15, 1964. Coupons will range
Corporation
and The Do¬
from 3% to 3%%.
The terms of by the discovery of rich pitch¬ ton
Securities
Corporation
the offering will be announced at blende ore and of gold and silver minion
a later date.
The new debentures deposits on the eastern shore of will be: Harriman Ripley & Co.,
Incorporated;
Smith Barney &
will be payable at the holders' op¬
Great Bear Lake and gold and
Co.; A. E. Ames & Co., Inc.; Wood,
tion
in
lawful
money
of the
silver deposits in the Great Slave Gundy &
Co., Inc., and McLeod,
United States or lawful money of
and Athabasca lake areas.
Young & Weir.
Canada.
on
consolidated debentures due
representative attend¬
17 States in which
mutual
savings
banks operate.
The breadth and detail of the pro¬
indicate
Railways.
branches
these
One
12, to consider the future outlook.
Early reservations for this event
ance
is also served
by the Canadian Pacific and is the
terminus of several branches of
for
Sold in United States—Represent¬
the
use
to retire
Debentures
is
the Dominion
in
first
ing the first Canadian municipality
to undertake public borrowing in
the United States since formation
Savings Bankers Schedule
securities
will
Edmonton, Alberta
important signs of prog¬
evident in this re¬
issue
filed Monday and
the
Edmonton,
Alberta,
Canada,
a present population of about
Registra¬
offering of
expected to be
made about May 17.
was
size
ALBERTA
already
ress
debentures.
statement covering the
The City of
does
provide a
steady progress.
.it
foundation
$9,150,000
tion
Monday, May 8, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1912
advertisement—prepared under auspices of Treasury Department and War
Advertising Council
f\
;
@FedFRASER