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1949 9 MAY MONDAY BUS. ADWi uwiwrv Reg. 17. S. Pat. Office New Number 4801 Volume 169 price 75 Cents a Copy York, N. Y., Monday, May 9, 1949 Ceneral Corporation and Investment RAILROAD - PUBLIC UTILITY INDUSTRIAL - INSURANCE - : Inc., New York—Sells Bond Privately— has sold privately to Metropolitan Life In¬ surance Co. $16,000,000 3%% sinking fund collateral trust bonds; of which Colonial Trust Co., New York, 3N. Y., is. trustee. A-C In This Issue . ■» New York Curb Exchange 1, . on increase capital stock in the Fund—V. of shares 169, p. 1769. Air Reduction Co., Inc.—Changes in Charles Charles ceeding who Adams E. Chairman elected been has Mur.son S. Chairman becomes Board, the of Hill continues as President.—V. Committee. John A. Philadelphia-Baltimore Stock Exchange Pittsburgh Stock Exchange— St. Louis Stock Exchange.. suc¬ the Executive of 1949 1948 1947 1946 railway-™ $417,104 $527,941 $475,277 $362,132 railway.—__ 109,220 214,616 income™ 52,886 109,211 188,669 98,305 49,163 11,202 March— Gross from Net from Net ry. Montreal Curb Exchange oper. Gross Net from from Net ry. 1,516,612 1,330,360 978,883 Transactions New York Curb Exchange 344,601 609,730 480,044 197,827 302,887 239,630 77,753 income— —V. 169, .V v- RR.—Earnings— Alabama Great Southern Net railway... railway— from from $1,402,094 345,518 $1,457,303 $1,305,925 234,062 ♦80,313 162,770 111,646 ♦100,073 4,019,262 4,392,423 872,210 1,051,643 554,346 3,923,532 750,310 354,320 3,510,449 441,617 106,910 Net ry. oper. income— From Jan. 1— Gross Net from railway— railway from Net ry. income— : oper. 425,713 ; 11,872,835 19,866,801 15,934,248 909,298 9,826,700 3,932,553 909,298 1,334,267 9,826,700 3,932,553 13,051,857 17,785,772 2,243,565 22,888,557 21,718,323 208,403 2,535,152 2,750,393 ; 2,035,163 20,353,404 2,522,225 subsids. consol— 2,522,225 2,522,225 66,738 subsids. Total - 2,588.963 Consol. ' system 143,553 earns. stock— for common . 2,445,410 18,967,932 Consof. system earns, per share •• stock. com. ♦Restated to exclude the V $4.54 from operating and revenue expenses water properties that were sold early date.—V. 169, p. 1441. General Corporation & Investment News-Cover State and City Bond Offerings. of deductions $1,148,177 314.340' 175,620 _ 21,699.535 1,265,295 by" stocks.™ Expenses and deductions (parent co7/s) .—26 Miscellaneous Features 1946 1947 1948 1949 March—• Gross ■'"( = , 2,174.593 10,922,145 com. consolidated- . i- • 34,111,562 12,412,028 30,788,946 928,603 Total income parent co. National Quotation Industrial Stock Average.35- 1441. P. 3,103,195 i Undistrib. net income of . Stock and Bond Averages (Dow, Jones)—.35 161,356 lailway oper. for (owned com. on of ... 1,231,526 railway..— 184,805 764,546 and Subsid. Consol.; 1 Transactions New York Stock Exchange..—_.26 From January 1— 1,337,3.28 Amer. Gas & Elec. Co. 40 40 Toronto Stock Exchange.. 41 Toronto Stock Exchange—Curb Section.—43 Over-the-Counter Markets —44 RR.—Earnings— 96,329 Undistrib. net. income . Stock Exchange... Montreal Akron Canton & Youngstown 38 39 San Francisco Stock Exchange 169, p. 1877. earned stocks Divs. 102,791 3,536.112 1,013,887 ______ A. G. & E. Co.) ..... 29,839,595 2,047 deductions Bal. 37 38 38 Los Angeles Stock Exchange. Personnel— 32,671,443 12,138 __— income Gross Total 2,994,729 (net) Other income 37 $. < 61,112 — 37 ' $ 3,472,953 Operating income Transportation, gas and water 1949—12 Mos.—♦ 1948 $ 11,793,175 148,156,180 128,037,457 8,798,445 115,484,737 98,197,883 13,261,470 9,788,517 Oper. rev. deduct. & taxes 36 -36 Detroit Stock Exchange— 5. Subsidiaries consolidated: Operating revenues 15 —.—27 31 36 Chicago Stock Exchange— Cincinnati Stock Exchange— Cleveland Stock Exchange Interest an Stock Exchange.— Boston 1949. present borrowings of $18,000,000, this reduction will result saving to shareholders of $45,000 a year which will the income leverage obtainable through the ownership of Based in (Bonds) New York Stock Exchange This corporation, a Lord, Abbott & Co. investment firm, has com¬ pleted arrangements with J. P. Morgan & Co. Incorporated, and other lending banks whereby the interest rate on its borrowed money will be reduced from 2V3% to 2 Va'/i per annum for the 12 months begin¬ ning June (Stocks)— Subs.)—Earnings— ig49—Month—♦1948 Period End. Feb. 28— Page ■ announces company American Gas & Electric Co. (& Quotations New York Stock Exchange Reduced on Borrowings Affiliated Fund, Inc.—Interest V"':- '■ Production Manager—• the appointment of C. F; Bonnet as Pro¬ duction Manager of its Industrial Chemical Division. G. W. Russell succeeds Mr. Bonnet as Assistant Sales Manager cf the same division. Mr. Russell had previously been Manager of the New Products Deveiopment Department.—V. 169, p. 1329. The Stock and Bond MISCELLANEOUS - American Cyanamid Co.—New Ships, The company The company, an affiliate of Tankers Co., both having offices at 17 Battery Place, New York, N. Y., has four oil tankers under con¬ struction, which, when completed, will it is believed, enter the Nor¬ wegian trade. ' News in ,-$4.23 and operating revenue transportation, gas and will be disposed of »at an % ' revenues of 1948 the or _54 ! The Course of Bank Clearings..... American Power & Light ...45 Redemption Calls and Sinking Fund Notices For the 46 Dividends Declared and Payable Co.—Weekly Input— week ended April 28, 1949, the System inputs of subsidiaries amounted to 248,188,000 kwh., an increase of 18.413,000 kwh., or 8.01% over the corresponding week of last year.—V. 169, p. 1877. v %/'■:" of 46 this company , ♦Deficit.—V. . 169, 1441. p. Foreign Exchange Rates— 46 l, Combined Condition Statement of Federal Alabama Power Co.—Earnings— Gross revenue Operating Frov. 1,613,274 377,500 expenses— depreciation— plant acqui¬ adjustments... for Amort, $3,669,550 $45,392,305 $40,291,105 22,100,497 19,193,640 1,630,592 4,138,500 3,736,300 334,000 $3,853,131 — Reserve Banks . Federal Reserve System v General taxes Federal income ... 48,766 585,193 income Gross 713,107 j 3,786,572 (4,224,359 Net — $9,565,214 3,058,739 $943,085 $10,557,183 269,837 3,349,078 $1,039,311 __ 302,479 long-term debt. debt discount, on Net 4,669 5,087 3,909 61,089 $664,250 $775,837 105,000 105,000 1,260,000 sale, it was learned was made Stearns & Co." The stock was part of Mr. $5,135,068 sale corporation offer of stock preferred on O, and series on in May 3 A exchange stock, IV2 for shares of C. preferred one is left for & O. stock—these limited a 50% about for one common ratios approximate share the out of over at the of period of the the C. & O. that , allotted for the 10% was . . of series the prior preferred stock. Purcell, Vice-Chairman annual meeting held v on $9,000,000 bank loan maturing to Interstate approval The terms sion will by the under which permit Mr, arrangements Alleghany Purcell Commerce said. to use These Purchell Mr. several years on June l, subject Commission. are 7"'. RR. about It Rock W. Graaskamp, $4,894,000 has in cash and In transactions including holdings.—V. 169. Island General 1877. Manager ~ April assets $59,859,000 of sales T. , . 7 r a as of as of March Dec. as will the loan they will announced a basis "as will under the Act." The since % on capital stock, namely, on part yield down, -x; . „ . : < ; ^ ?. $59,296,000, compared 898. ■ the - May 3, the SEC directed the company will provide for only a single class which cover. to of stock, and such amount of debt securi¬ circumstances then existing meet the standards common - , American Car & Foundry For ; the second previous freight consecutive Co.—Output Hits New High month this During to April, American According the 3,249 to improved 169, p. R. ,it company has announced was broken on May its 6. cap for domestic freight service were delivered railroads, modernization V. production records car W. the best Ward, unfairly and inequitably Foreign Power and that of any carbuilder since March, Vice-President in charge of 1925. program is and the a result of ACF's availability greater production, two-year of plant materials.— amended plan it now becomes incumbent upon us to issue an order requiring Foreign Power to meet the standards of Section 11(b) (2) of the Act." With respect to compliance with such requirements the "We stated: believe that V s : under 1 the circumstances effective way to redistribute voting necessary 1769. distributed among the security holders of the capital structure of Foreign Power is unnecessarily complicated and must be simplified," the Commission stated that, "since we are herein vacating our order approving the Commission performance $806,000 FERNANDINA PORT AUTHORITY, FLA. power here and cure presented the only the undue and un¬ corporate complexities in the corporate structure of Foreign St. Louis Listed and Unlisted Securities Priced to Yield 3.25%-4% col¬ Alleghany does not expect to get ahy return for Its investment of about $2,000,000 in Investors l were 169, p. also vacated its order of Nov. 19, 1947, approving Foreign. Power's amended plan of reorganization which previously had been approved by the U. S. District Court for the Southern District of Maine and subsequently remanded to the Commission for recon¬ sideration in light of changed facts. Among these were the suspen¬ sion of dividend payments on Foreign Power's first preferred stocks and the company inability to sell the ZVst'k debentures provided for in the amended plan. .7..,' V : v Referring to its previous determination that "voting power is Edward D. Jones & Co. Due 1952-1978 more Service, Inc., formerly Investors Syndicate. But he said Alleghany looks upon this "as a very good long-term investment." ,The higher Interest rate certificates of Investors Syndicate are matur¬ ing first, ho said, and as they are retired the average cost of certifi¬ copies 1949 Commission Circulars Available on Established Request 1871 300 North 4th,St., St. Louis 2, Missouri said Diversified 31, 1948.—V. 55,800,000 4% Toll Road Revenue Bonds securities he added, 31, $5,00 25,600,000 1 Single Class of Stock—Amended Plan Va¬ on decision reorganize C. 169, p, current $1.25 of as American & Foreign Power Co., Inc.—Ordered to Re¬ ties been share cated by SEC— '77'" who Net organize abandoned was $25,000,000 various and Bear, : . result " of a Line '%7 being made for the exten¬ government securities, than the Interest cost of the part of cates 3,010,000 $1,476,000 ____. ; of Alleghany Corp., told stockholders May 4 that arrangements have been made to extend the lateral, . as Air States, Canada and Hawaii,—V. Alleghany of Plans Extension of Bank Loan— W. securities Seaboard last month. has now and has been elected Vice-President in. charge of sales, succeeding Stolk, who was recently named Executive Vice-President. Mr. Graaskamp will direct all sales activities of the company in the United closing prices A preferred will be offered pro rata on a "first come, first served" basis to the series A preferred stockholders who may want to exchange lor more than the 10% A similar proposition will be made with respect to Alleghany Inc. orders with 1946, exchange ratios of 2 V* shares of Alleghany prior preferred on - R. 1943 903,000 per •.*; proposed secondary offering of a " conditions. Co., share time, would exchange C. & O. outstanding prior preferred shares and about 10% of the outstanding series A shares. At expiration of the initial prescribed time limit, any stock that 1 - taxes . offer, for said 1877. \ 7 W. * stock common May 2. The stock Purcell of L. issued an announcement concerning the holdings of Chesapeake & Ohio Ry. for Alleghany prior preferred and series its of part exchange offer will be based & shares of proposed The 112,500 American Can Co.—New Vice-President Elected— Alleghany Corp.—Makes Exchange Offer— common market government p. The of 1441. p. Sold to Blyth & 225,000 shares of Rock Island common 1,260,000 $5,949,713 has 5 its holding of Chicago, Rock Island & Pacific RR. common stock, leaving it with 137,500 shares of the common still in its portfolio. • ■stock .... profit after taxes Unfilled May $6,395,068 $7,209,713 $559,250 • $670,837 — 189, announced was of 60,551 50,855 59,480 43,674 stock pld. on Balance it corporation, The income C. taxes. Earned Selling Rock Island Holdings— 3,793,045 because of before Federal 3,417,712 774,279 j premium and exps.— Other deductions A 1949 $40,844,000 $48,918,000 2,379,000 7,904,000 _ 585,193 i ... taxes., 48,766 Amort, of —V. Co.—Earnings- 46 Net The Divs. American Woolen Quarter Ended March 31— of sition Int. 46 Statement of Member Banks of Condition 1949—12 Mos.—1948 1949—Month—1948 Period End. Mar. 31— qAllen 30 BROAD STREET Members Company & NEW YORK 4, N. Y. New York Stock Exchange St. Louis Stock Exchange - Telephone: HAitover 2-2600 Bell Teletype: NY 1-573 Phone CEntral 7600 Chicago Stock Exch. Chicago Bd. of Trade New York Curb Exchange-Associate 7 „ Bell , Teletype ,sl 593 2 (1986) Power is by THE comprehensive reorganization whereby the control of the a reorganized will be stantial earnings company stake in the senting the the upon entire in and outstanding We debt circumstances The in existing at Commission the the having would appropriate be Period End.JVIar. 31— Ry. and Share its subsidiary, Co., parent, Power und Power of its exchange for and a Net plan filed in the light of plan is considered.'* any such certain on for transfer the $19,500,000 of oper. other issues revenues $29,947,758 expenses Monday, May/9, 1949 T. Oil 1949—Month—1948 $6,093,903 from ry. oper. rev. *Ry. tax Joint accruals— 2,637,590 facil. rents 2,022,435 8,003,993 15,616 405,632 179,009 (net)- 166,027 427,016 ry. Other income- oper. income $3,048,977 -L $2,273,591 $8,627,009 234,231v 272,872 The 473,406 issue by 1,014,547 $8,357,634 42,631 Cuban of • Total latter to Foreign Electric debentures in $3,321,849 $2,507,822 $9,918,293 39,559 3,541 120,287 125,887 126,821 341,267 1,499,006 Misc. the income 1,453,365 4,505,105 deductions-' 6% of Foreign note Hearing May 17 Power. Fxd. chgs. int. * other SEC Fixed Committee's Application— on tion filed by American -John M. ordered has & hearing to be held May a committee for a the $7 second 17 int. term upon preferred applica¬ an stockholders funded of The committee is composed of Albert W. Greiner, Howard Hubbard, and Harold Barnett. McGrath, According Net the of names named was Batti, Cadicomo and Derderian Greiner and John Apple added. Mary originally disclosed ment of names that as deleted were Frank of the committee; but an resigned and that Harold Barnett p. 1557. 169, Period End. Apr. 30— Sales 169, p. $1,025,378 1949—Month—1948 $943,061 Federal $2,198,810 Railroad income the on with proposal four The hearing 12. V scheduled v/as 189, $1,998,252 fcr May 4 and $2,507,886 Net Steel Corp. profit after all chgs. Number of Earnings 203,512 has 1,411,410 2,986,502 *Based shares the net 1949 and taxes profit after 1 $103,381 equal before to the $1.74 20% per 1949 . from railway railway from ry. stock 579,748 573,228 573,228 $0.11 $0.09 Nil share— ^,:'vf .■/> Raymond F. Leinen, Gross 1948 Gross 1 * , Vice-President 46,708 15,511 railway railway Net ry. Net from Net ry. —V. 169, 79,697 35,038 10,210 560,862 496,045 —V. Lincoln 259,873 210.368 86,300 86,138 21,091 J 80,527 107,748 from from $363,369 51,057 railway railways 1948 $409,358 95,323 Net ry. oper. income From Jan. 1— Gross 9,763 from railway railway oper. income— Net ry. 'Deficit.—V. 169, 1,942 *22,781 Period End. Mar. 31— Operating Taxes revenues 169, Net 984,118 224,442 87,787 63,980 48,849 *35,712 955,915 Net 181,808 oper. income Miscell. Fixed sales for Total G. of p. 169, elected 1,565 2,477 10,348 8,944 Net from 326,195 1,026,595 979,234 Net ry." oper. $4,092,949 ' ' • " (Vice-President) and Dwight increasing the membership of domestic sales to succeed Vice-President a Henderson T. Coliey the board have to and General Supplee, Jr., who CONSOLIDATED INCOME 1 - Gross operating income Costs, operating and general fixed assets: Intangible development cost Depletion, lease Deprec., retirements other Income Interest Net income before charges income Dividends on for amortization. Crude oil Sale of production, 168, common barrels stk. ($25 tax: 1949, $87.22 12 Weeks Ended Mar. Sales Net a per taxes 248,472 taxes— income Net income Earned As 19,'49 $4,746,818 income before 94,000 for period 1948, result of Mar. 13,'48 , 24 Weeks Ended Mar. 19,'49 \ Mar. 13,'48 $4,612,293 $10,522,335 $10,038,549 223,664 505,001 497,825 86,000 192,000 contingencies new $137,664 $313,001 1948.—V. 169, $0.69 loans surplus 24,324 *1,445 11,693 904,039 866,373 790,372 324,686 175,829 200,285 229,413 139,784 16,643 16,348 74,205 1663. (& Subs.)—Earnings— 1949 $4,071,996 $4,855,230 3,879,812 4,232,247 income.— $192,183 $622,982 120,556 incl. exps., int. and taxes 124,647 .int.& taxes on income on 97,979 Lake Erie 1948 42,485 53,515 71,816 400,693 335,998 424,923 441,089 railway—/- 27,519 *101,G55 23,615 170,757 income— 181,708 88,714 145,199 243,677 from ry. opor. Deficit.- ' Bids The 1947 railway 3,542,073 3,169,162 3,009,069 will 58,172 *71,980 252,158 *707,859 317.139 535,525 747,781 67,004 $746,331 • *245,286 The bids, issue & Burr, Boston The 1949 profit notes 1948 1947 other *$78,413 bids be to received May trust certificates. 16 The Cr43,798 coupon, A, due \ bid of 100.177. Three competing received at the sale. These were: a were Inc., and F. S. Moseley & Co. (jointly), 101.7711; The 101.71; Otis & Co., Inc.," 101.31133. / . dated April 1, 1949 and mature April 1, 1974. The redeemable at general pfices ranging from 103.63% to sinking fund redemption ^prices scaled from 100.61% to are be at . PURPOSE—Of +Cr740,332 *$34,615 3% a May 4 on the net proceeds, $1,750,000 will be applied by the to the payment of outstanding promissory notes and the bal¬ with funds from its working capital, or an aggregate of $1,000,- company *$955,105 Brl39,134 deducts.) notes and 100% 3,357,900 •'• $1,076,151 > (less for $650,000 equipment Corp., will 100 % $2,402,795 $55,195,130 $19,302,932 54,118,979 19,381,345 awarded was all naming Coffin expenses— of June publicly $2,750,000 25-year 27/s% notes, series April 1, 1974 at 1005/8% and accrued interest. 1143. other it be dated Cambridge Electric Light Co.—Notes Offered—Halsey, Stuart & Co. Inc. (a? sole underwriter) on May 6 offered 1,799,802 and has' Issued invitations the purchase from 1946,;.. : 30,361 p. Equipment Issue— on company 1, 1949, and are to mature in 10 annual instalments June 1,- 1950-59.—V. 169, p. 1447. y 292,353 169, 1946 8,394 $0.54 168,962 income 1947 26,394 * RR.—Earnings— - 1948 income— 320.614 •''V. $0.49 — *15,378 *$214,723 taxes ance, 1' 360,000 . CAPITAL Crl50,000 . $577,017 per of SECURITIES GIVING : EFFECT TO '. common share loss/ *$34,615 $0.53 tlncludes *Promisscry notes due Dec. 31, 1952 25-yeftr 2%% notes, series A, due 1974 $64,723 Nil Canada, dividend $650,253 received Nil from stock Common Boeing *Issued Ltd. ($25 to or par)— issued be under SUMMARY . OF EARNINGS this close has the April on corporation of to 12 approved York Axle proposal a Forge Co.—V. to "change 163, the the In been at on special a notified. no April In par view 30, meeting of common of the 1949, the stock fact on p. — that will April New be r 77,200 shs. Oct, 15, 1947 operating of cash in Stock¬ York 3Q, 1949 the Curb Operating Other thereon, for interest non-producing in leases, connection with Association stock transfer was on books closed suspended May 7, 1949. producing leases and royalties and mineral the has transfer dissolution proceedings, The Cooperative Re¬ offered to purchase at $12.50 per share, Jess tax of 5c per YEARS % 1947 1946 1945 $4,221,830 $3,843,197 $3,659,231 3,297,232 2,876,175 2,708,467 $924,598 $967,021 $950,764 53,626 46,378 26,431 $978,225 $1,013,400 $977,19j> income • $800,494 income 40,053 income . $840,547 ' Prov. - inc. Crl0,618 CTT.849 14,759 20,903 inc. taxes for Fed. 220,319 238,369 238,080 203,210 $630,846 $741,705 $760,560 $753,0£fl income Net ; HISTORY AND BUSINESS—Company was incorporated Jan. 28, 1886, in Massachusetts. Company is engaged principally in the generation, purchase, distribution and sale of electricity. Electricity is sold directly in the City of Cambridge (population 111,1241 to approximately 36,450 customers and at wholesale to the Town of Belmont (population 27,957) Surplus steam is sold at wholesale to an associate company, Cambridge Steam Corp., for resale to Harvard University and 15 indus¬ for resale. customers in the a Wichita, Kansas, for the purpose of receiving with the liquidation. The distributions assignments exps.__ Other deducts, from City of Cambridge.—V. 169, P- Canadian Investment Fund, Ltd.—Net Ex¬ connection and CALENDAR FOR 3,955,177 revenues—— 2720. permanently on May 11, 1949, this issue the Exchange at the close of business National Bank in equipment finery dated 1880. corporation, ; effective the business on distributions Federal - ' trial adopted business company's dealings consist agreement $500,000 2,750,000 $4,755,671 1948 Operating at the close of the • . with First National Bank of Boston. r 1003. p. stockholders the1 - 2,750,000 77,200 shs. ^ loan > FINANCING Outstanding $1,098,000 • '• ......... PRESENT 55 of Fourth ' 902. *$301,015 2004. p. 1949 oper. Net $174,903 320.614 - Stockholders have been requested to surrender their certificates to the Avildsen Tools & Machines, Inc.—Name Adopted— 169, p. 197,321 $26,351 loss 168, .. 1943 deprec.. _ $142,562 "At March share, any shares of Bridgeport Assets Up— . 31, 1949, outstanding shares of this company stood at a high total of 3,253,762, reflecting a net increase of 150,461 shares during the first three months of the year. Total net assets, with securities valued at market quotations, amounted to $14,702,192, also a new high total on any quarterly statement datfe. new The all-time balance $1,011,391, exceeded of 168.5%, in the in profits on sales of investments amounted j to addition, the quoted market value of investments average cost appreciation diivdends asset by and $1,220,715. dividends per share from inception of the end of March, 1949 amounted to amounting to 102.5% and appreciation value of the shares amounting to 66.0%," said Hugh December, total net realized in and their "Combined company 47,327 1,143,718 *8,958 interests. below.—V. . $126,198 33,636 $157;301 outstanding resolution for the complete dissolution from been & Tool Co. 62,564 From January 1— Gross from railway— $141,272 .. 5,633 . . - Bridgeport Oil Co., Inc.—Votes to Dissolve holders Offered $12.50 a Share— for 1330. See Republic Drill 1946 $283,331 57,965 *62.481 for stockholders change $0.69 At March p. to reserve The company on April 26 filed a registration statement with the SEC for 36,000 shares of common stock (par $20). Underwriters are Smith, Ramsey & Co.; Gaynor, Clemence & Co.; Chas. W. Scranton & Co.; Hincks Bros. & Co.; T. W. Watson & Co. The stock is offered initially to present stockholders cn a l-for-10 basis. Proceeds will be used to reduce short-term bank loans.—V. 162, p. 2636. at $308,825 $0.31 has $151,667 contingency $937,017 169, The k 189,000 , the 87,000 Bridgeport (Conn.) Hydraulic Co.—Registers With SEC 14,942,571 $0.34 position capital 1947 582,860 Net recently made by the company its improved considerably since its 19, 1949, the company had cash on hand of $2,449,253, current assets of $3,G87,581 and current liabilities of $1,618,088, showing a working capital position of $2,069,493. This compares very favorably with the working capital position of $1,010,383 at Oct. 2, working 93,000 - income— income of name $3,462,100. $154,472 share fiscal year end. ry. Brandt-Warner Mfg. Co., York, Pa.—Name Changed— 6,394,119 12,347,439 15,919,797 ._ asset V'///' $279,913 airplanes.— $76.80 6,909,549 $1,755,000; net *25,256 $2.89 13,374,832 .; income (estimated) profit The 7,701,680 par) from rose and $93,572 Total Automatic Canteen Co. of America—Earnings— Federal Net 109,729 company's Seattle and Wichita Divisions delivered a airplanes during the quarter .ended March 31, 1949. These consisted principally of B-50 Superfortresses, but Included also six airline Stratocruisers and eight YL-15 Scout liaison V. 2534. p. 338,001 NOTE—The total • 8,179,680 $2.73 (net)——. etc. 80,025 railway railway.. from 121,095" income Aircraft 221,565 ____ barrels Federal Net • 8,401,245 7,251,047 refineries, barrels— products, 'Including —V. at run stock— cash, $5,960,086, 1943 from $4,829,725 $1,061,799. *Operating 478,000 stock common Book value per share of Crude oil 7,988,211 259,184 common paid Nov. 011 $317,422 March— Gross 1948 railway— Earnings 286,668 7,729,027 1949, to Authorized 8,114,577 stocks to operating 111,612 Total 2,861,396 380,508 charges—— company cents 50 1106. accrued State 'Profit.—V. liabilities *4,960 sales Federal 1,040,434 3,727,010 the and $409,671' income gen. bond and 356,279 1 Other 798,697 864,238 period Balance applicable Earned per share of current $1,115,504 oper. of Net 1,251,291 — preferred total and bef. 1949 3 Months Ended March 31— Cost " (net). interest 31, p. 6,386,284 abandonments- 1948 1 000, will be repaid to its plant replacement fund. 7,607,703 Non-operating against Net $ 4,848,753 amortization— and and $1.13 ' ^ Sales 87,829,106 ___ to 599,865 $0.99 . Boeing Airplane Co. (& Subs.)—Earnings— 1948 169, 117,875 169, p. other interest First 120,826,325 107,030,494 amortiz. 599,865 — and costs Federal *154,987 from ry. been 102,527,330 expenses 'Taxes Reserves applicable , 1949 Operating rv $ r:'-'-... March increased California Consumers Corp. $376,481 $1,094,617 ^Deficit—V. Manager 1949 in Sept. 12 Months Ended March 31— 1948 ■' railway.— railway from ACCOUNT • ended $16.25.—V. income— eleven. has while and 1 1— oper. Revenues From Jan. 1— Net been elected to the newly created post of Executive Vice-President. Hugh W. Field, a director and Manager of the Research and Development Department, has also been elected a Vice-President.- 3 Months Ended March 31— ry. Bond 1949 $592,055 $10,426,878 taxes from Gross "TV last, 1, June assets Net to railway—— Deficit.—V. Proilt — March— Gross $4,641,933 ' $5,984,969 1949 certificates 1,507,966 ■ , 1,070,303 $4,122,145 directors, Mr. Coiley has also been elected of 717,275 266,902 2115. 1,206,873 ■ * 2,443,371 1,309,056 578,428 are capital stock share —V. Refining Co.—Two New Directors, Etc.— Wharton 1,094,709 754,630 per f Atlantic 2,414,650 1,445,702 depreciation Federal Earnings $3,923,019 $1,486,781 2,188,503 ! $5,915,924 169, p. 1775. transferred Shares 355,417 $1,276,482 ' "■ ' quarter 6.95%, from Net Net P. 2,975,371 Net Oper. from 340,594 'O 1, from $3,984,726 Income before ■ income 376,332 1.205,838 . depreciation for $1,460,036 chgs._ 169, p. 1770. $813,829 497,677 2,510,133 . assets before Provision 1949—3 Mos.—1948 733,238 March on March on share From Jan. $939,668 billed Transferred 325,984 2,078,719 .> Cambria & Indiana RR.—Earnings— 114,446 conting. $1,740,929 Gross from railway.— ..■Net from railway: Manufacturing Co.—Earnings— $1,504,195 deductions & Net —V. income- ry. $2,036,328 . 1946 259,768 share——: current Provision ) rents Ball, 325,481 income— Bessemer & Other $8,173,472 railway i Net. ry. oper, income 21,770 v 1949—Month—1948 — fac.il. $7,994,643 494,129 Burlington-Rock Island RR.—Earnings— 1662. p. per Income 1,156,913 $13,144,946 $13,646,843 $36,896,627 $38,339,664 9,758,943 10,160,823 28,340,370 29,247,216 1,700,000 1,700,000 3,900.000 3,900,000 — expenses Equip. & jt. $2,235,058 599,745 March— Net : 3 Months Ended March 31— 3,188 123,401 2,754 N. 605,482 railway- Belden $325,361 / 20,833 1662. p. 565,718 184,326 Number of comihon shares— Atlantic Coast Line RR.- -Earnings- Operating 24,634 $2,636,073 made the to per Gross 1946 »>:; $335,752 23,484 $1,099,596 354,825 railway- oper. Total 1947 $304,597 - . income— of $3,G50,300.—V. r 1,031,666 from Net from Earned 1949 During 4.99% <"» . '1947 Net income after charges and taxes , Atlanta & West Point RR.- -Earnings— Gross 30,124 Fund, Ltd.—Declares 20-Cent Dividend— was Rochester Raymond Beech Aircraft Corp.—Earnings— Six Months Ended March 31— / ; / 341,449 206,949 March— Net $8,148,833 Dr24,980 directors cents rvalue , from ry. 34,800 30,904 1442. p. 48,267,145 $7,964,519 From January 1— Net $129,597 97,247 railway railway oper. Net 1946 $177,405 547,202 income-.- oper. \ \ ., of 1948 1949 from last 169, Gross 1947 $193,958 from from $56,415,983 '/.■' " Executive March- ; $1.76 dividend From Jan. 1— Net 1949—12 Mos.—1948 23. Beaumont Sour Lake & Western Ry.- -Earnings- ; . share.—V. common $155,423 income oper. . Subs.)—Earnings— 203. p. each *$20,990 outstanding--. common New Director Elected— 3,240,520 *$1.45 •: Atlanta & St. Andrews Bay Ry.—Earnings— Net > (& $2,260,038 — ' 20 1947 $115,402 taxes shares $5,918,876 3,889,531 $2.15 169, Bullock * 1947 3,909,300 outstanding was March— Net short- Dr31,829 payment 1948 Co., has been elected a director, succeeding President., of the trust company.—V. 169, p. 902. $5,867,347 $8,621,791 ._ —V. $4,490,284 1949 *Loss. S Gross discharge of $1,300,000 4% $2,667,902 income 373,822 Optical Co.—Earnings— 1 486. p. to company have declared a quarterly dividend of 20 cents per share, payable June 1 to stockholders of record May 15, 1949. A similar Lomb per been 1948 r outstdg. share—. common on February, the 1949—3 Mos.—1948 income income The I (& Subs.)—Earnings— shares common per authorized the 3 $16,218,884 $14,731,466 $60,005,527 13,550,982 12,471,428 52,041,008 — taxes— $2,705,052 1379. p. Earnings ; Quarters Ended March 31— • May 1218. p. income Net Trust Armco and Income deductions Act Quarter Ended March 31— 1878. p. Retirement Un¬ taxes Bausch & of the company, the SEC has postponed tue hearing of company to establish an $18,000,000 line of credit banks. Other $1,625,228 $5,697,900 169, Net postponed to May Commission 1,905,427 $3,052,566 Total 1558. request $289,069 National the 1949—3 Mos.—1943 $733,423 a/c Railroad Common the 1,899,068 . employment Insurance Act amend¬ was Appalachian Electric Power Co.—Hearing Postponed— At 169, revenues exps. Gross tax a/c -V. ; 635,026 *Include: Tax Angerman Co., Inc.—April Sales Increased 28.6%— —V. income Excise and Weinstein member a lie had member.—V. substitute S. Niagara Electric Corp. Operating application, it was formed at the request, Cadicomo, Carrie L. Derderian and Walter J. Delega, Foreign Power stockholders. However, by subsequent amende the 632,019 Cooperative Fourth original the to P. Period End. Mar, 31— Oper. debt The they are 25-year 3'/2% notes.—V. Operating 4,369,015 on Foreign. of Andrew P. Batti, Louis D. ment interest shares to The t"* surrender agreement 415,333 • funded on debt Contingent York an Buffalo debt— *■ The New $1,000,000 The funds will be used toward a than funded on Bridgeport Oil Co., Inc. to which first mortgage bonds. ■ ; * with private interests, the company will sell the bonds to such interests at 100.83. They will be callable and the re¬ demption price will scale down to par in the maturity year 1974. 1 ■ •'$7,343,087 1,291,284 sale of elect to Brooklyn Borough Gas Co.—Bond Issue Approved— 6,522,019 * a in Under Net do not receiving the distributions Association may be made through Wichita, Kansas.—V. 169, p. 1663. Bank Crl29,695 , of purpose Refinery 77,095,826 228,327 stock from'holders who common the The $4,477,669 $17,463,650 $14,208,817 73,208,183 for entitled. $30,660,868 $90,671,833 $91,304,643 26,183,199 Co., Inc. them 1949—3 Mos.—1948 23,853,855 Equip, rents (net) involved Electric Co., to Electric Bond and supplemental application filed by Foreign Share holdings CHRONICLE Cuban (2) and Bond .oper. Ry. in the Power FINANCIAL Any such question will in due proceedings, on which oral arguments were held May 3. These include (1) certain motions made by various representatives of stockholders of Foreign Power requesting, among other things, the suspen¬ sion or impounding of interest on debt obligations owed by Foreign ! & Baltimore & Ohio RR.—Earnings— sub¬ a company, and repre¬ at this time passing not are time decision reserved of which the security structure of Foreign Power. course be considered in connection with the stock common a assets thereof. equity of amount vested COMMERCIAL 1932 to paid Bullock, President.—V. 168, p. 2539. ■ Volume THE Number 4801 169 Canadian National Lines in New England—Earnings— >< March— Gross Net from Net ry. railway— railway ^ ry. *65,548 *74,526 580,100 • *91,682 ■ railway—L i 547,000 612,000 *220,242 *129,986 *384,992 *316,353- Income— oper. "Deficit.—V. 169, p. *44,073 Net railway-— from Net frora Net from Net ry. 118,243 2,321,600 2,040,578 1,899,282 732,410 658,626 367,527 311,669 Lines in *9,789 1947 *46,348. *53,047 from Net ry. *113,125 *115,493 $3 ,133,434 81,859,775 ,J.. $0.15 — , ; , '583,672 492,886 $1.59 f;.. '. $0.94 " Income Net Corp.—Earnings— 1949—5 Mos.*—1948 • *173.634 *198,185 *161,619 *338,696 -V. *254,735 *399,018 I,o65 33,239,073 '•$2,359,390 $8,429,965 169, p. *510,330 1776. 1949 1948 1947 1946 $561,554 $519,472 $730,540 $493,139 120,562 57,600 247,769 80,158 60,045 15,480 140,053 2,087,062 1,971,021 2,034,442 •1,435,349 622,765 557,693 700,032 374,855 332,371 317,529 385,402 197,20J railwayrailway- from ry. railway— railway from —V. 5,978 __ income- oper. 169, 41,812 1443. p. Chicago Indianapolis & Louisville Ry. March— 1949 from railwayrailway.-: 509,033 385,035 1,669,775 1,762,356 $1,850,357 $1,824,651 5,748,569 $5,956,311 $7,718,667 Net from Net $8,418,344 ry.;: oper. 169, p. 375. Gross Net Corp.—Earnings- 1946 $1,299,583 $864,109 253,834 368,406 222,741 *13,5.15 09,110 1*2,636 22,334 *149,497 4,442.752 4,458,262 3,554,886 2,403,037 I from "Deficit.—V. 1947 $1,594,174 railwayfrom railway.ry. oper. income.. Net -Earnings- 1948 $1,536,438 income From Jan; I— Central Vermont Public Service 591,405 €40,578 ry. oper. income From Jan. 1— $7,724,645 11,621 ~ >$2,209,686 — —— 1,661,503 32,814,620 *407,708 1664. p. 6,957,919 7,315,701 2,074,026 691,923 Net Net $41,669,038 $40,539,265 $2,211,251 lb,07b . deductions *433,510 8,275,126 091,829 from Net 1949—12 Mos.—1948 $2,374,466 ... (deduct.) income 323.557 296,933 : 2,021,475 income... oper.- from Gross 332,789 *323,721 _ 169, - *64,532 Chicago & Illinois Midland Ry.—Earnings- Net $0.08 revenues .Gross income 1946 $2,405,581 €40,688 8,124,058 March— Gross 169, p. 1447. income MONTHS 1947 $2,638,457 $2,664,169 ' ■ Period End. Mar. 31— *185,789 517,937 • income— oper. ■'Deficit.—V. $161,152 income THREE 1948 262,984 income... railway railway.., from 'yy. railway— railway oper. ry. 804,394 $295,101 Other railway from Gross *132,729 „■ FIRST $2,834,742 " $2,948,172 767,668 829,993 3 From January 1— 1 Gross Net $119,377 iiom Net 804,348 Central New York Power 1946 $167,030 >. *100,925 • $3 ,937,782 -V. AND 1949 "Deficit.—Vj 67,041 Operating 1948 $210,631 "52,799 Income. oper. ry, 'From January 1— Gross $357,995 $228,193 Vermont—Earnings- $166,954 railway—~ ry. 1,459,495 - " 146,791 $10,806,887 $11,834,201 Operating exps. & taxes 8,432,421 9,622,950 Net -from -railway—.,— Net $4,123,664 129,802; ,T,,687,822 $508,933 • • 67.041 Operating 1949 from $5,,625,304 from '• $362,142 217,645 March— Gross 20,236 _________ 562,667 580,426 Canadian Pacific income div. outstanding 1664. p. $4,103,428 37,993 •'-■ 1,778,916 912,816 income— 169, $5, 587,611 1,187 Earnings per com. share 110,365 -230,643 138,524 railway oper. $356,808 1,459 MARCH railway:—'. T Balance for com. stock $603,816 ;i" 220,790 railway—- '*Deficit.—V. $507,474 Net ,1946 From January 1— Gross 14,247,198 t requirements.. Pfd. '; $668,137 284,165 323,752 • oper.- income ry. $743,1^9 $300,618 14,866,186 FOR ' Gross' frond Net Earnings— 1947 March— Mi. $20,453,797 $18,350,626 *. 1,318,253. income Gross • railway—__ 1949—12 Mos.—1948 ,$1,675,061 1,151,811 taxes. Net operating income. Nbn-op6r. income (net). *310,764 1948 (1987) EARNINGS *133,380 *206,911 & expenses Net 1 Q4 Q from CHRONICLE Net Cper. 1447. vph Gross 1949—Month—1948 $1,659,285 revenues— Int. & oth; deducts, (net). Canadian. Pacific Lines in MaineTUTo FINANCIAL *127;890 -552,000 *31.927 railway—V from Net Period End. Mar. 31— Xperat.ng 1— j an. from Net *22,481 > *133,384 Income—J oper. From Gross $175,000 & Maine Power Co.—Earnings— •' Central - $218,400. $230,000 -s *80,492 - 1946 1947 1948 1949 $189,000 from COMMERCIAL 169, 598,444 969,808 404,553 241,205 .145,388 405,048 *158,462 *129,731 1664. p. ' Canadian Pacific ; VPeriod End. Mar. 31— Gross 1949—Month—1948 earnings Working Period End. Mar. 31— Ry.—March Earnings— . $30,890,969 1949—3 Mos.—1948 . $23,346,141 30,077,045 expenses Operating levenues Oper. exps. & taxes $85,558,298 26,780,260 •Net earnings 169, Net 76,222,903 85,239,648 8813,924 $1,565,881 Int. tion statement .shares of The the with S. the SEC stock common prospectus Gilbert at proposing 60c New of per York snare. as to receive to be supplied by amendment. Proceeds be to are •development, are applied Oper. oper. & Other Westmount, Canada, and The names of commissions working of capital, 1S49—Month—1948 $2,298,723 —,' taxes. Ibe -per $73,515 other & v $18,147 $1,085,324 $813,517 5,321 681 $1,090,645 $314,198 328,828 297,637 V; deductions (net). f ■ charges 27,884 1 __ 28,298 11,000 income Net Pfd. stk. - '■ - 178.500 - $582,855 <net i exploration Bal. and *$10,151 $583,317 income 157,102 157,102 $21,539 pfd. stock requirements Central *$23,243 $426,215 $210,459 <• income 457 120,790 $6,160,587 $5,471,159 1,968,714 1,693,498 from Net 25,352 .' from Net $529,623' 205,467 157,246 $385,069 $372,377 $4,191,873 ry. Ry. 780,440 1949 1948 1947 1946 $893,000 $800,838 —_1—— $3,411,433 155,959 120,242 *96.052 *63,881 52,181 17,300 *189,743 2,429,000 2,380,895 -V. 169, p. railway railway ry. ,, 2,247,000 223.554 ? — income.,- oper. •"Deficit.—V. 169, Charleston 1330. *60,049 r . 332.873 V 3€4,478 ' 10.327 31,278 41,950 "275,154 1447. p. Caterpillar Tractor Co.—Earnings1949—3 Mos.—1948 ry. .Sales——$22,892,523 $19,357,276 $65,055,795 $56,953,945 Profit 1,875.727 774,264 4,793,621 NOTE—In determining the above profit, Federal tbeen computed at rates currently in effect.—V. 169, Central from oper. after Earned March charges 2,925,326 Gross 1948 198,982 $0.65 — Net ry. railway.— Gross $0.SG 1947 Gross 1946 from Net ry. 139,831 *296,091 —V. 8,094,981 8,264,041 1,162,009 544,195 582,357 280,849 *184,095 49,995 9,177,386 9,254,965 989,900 income... 204,718 169. ' $1,647,135. & taxes. 1949—12 Mos—1848 165,610 Vs 905,784 *5,481 *74,949 — 1948 •Other & 7,338,099 1,070,599 52, 191,074 56,570,273 52.884,310 53,650.212 11 .998,499 17,233,676 20,024,183 19,222,834 4, 301,872 7,541.422 9,869,351 9,733,544 railway—. railway income— 1664. p. I ;/ corporation, SEC for of 5'V has - in subordinated order Trust 49"f'r capital stock for security for the working capital. loan. $3,327,104 34,567 L; .285,015 500,646 an additional , oi $304,374 41,802 41,801 $253,451 _____ $2,853,226 $262,572 $2,826,458 501,606 V?.: American 501,603- the $2,324,852 step Eurlington, such of its toward for authority to issue short-term indebtedness obtaining Burlington The Return of the the of latter's proposed of to holders persons due July the proceeds stock merger said, is of offer $624,825 of of $500,000 approximately Transportation balance the return Co. deposited will to American previously authorized by the ICC. as proposes registered entitle $2,351,620 the debentures, ICC thereby 12,962,553 ' stock. _ End. March 31 1948—3 Mos —1948 be with invitation one-to-ten $6,538,052 $26,833,559 800,063 956,836 3,082,614 2,080,964 1,641,678 7,817,102 Net 363,342 1,727,008 Net ry. 552,261 2,575,691 886 886 3,545 income 169, p. 'i: „ income 670,890 533,641 2,440,019 March— Net 2,807,000 2,875,000 $1,806,487' $1,655,403 $6,400,575 21,267 __ ____ r_ | •___ 21,147 120,427 $1,827,754 552,748 $1,676,550 $6,521,002 1,973,014 $1,240,640 435,910 . Louisiana Commercial William Dana offices —135 as ; & NOTE: Seibert, La $35.00 account Chro'nicle issued provide tp equipment, for estimated the purchase cost to of new approximately FOR MARCH AND FIRST THREE 1948 MONTHS 1947 1946 $14,279,819 $13,434,835 2,347,658 *592,026 income-— *377,842 *332,751 844,102 *1,984,50? 40,646,314 42,738,767 39,664,773 *711,222 2,027,440 4,411,248 38.251,297 3,227,944 *4,033,500 railway..— income— *2,359,592 169, 175,855 *4.98,290 1776. p. , Co., Inc. issue, President: William of St., Chicago 3, February 25, 1942, per the year; in D. 111; at Riggs, EARNINGS from Net In the of Canada, rates of ry. Gross $2,404,143 $2,100,442 486,696 371.374 99.425. other received bids MARCH FOR AND FIRST 1949 THREE 1948 fo-r MONTHS 1947 1946 railway..— $15,633,472 $15,731,643 $14,769,437 4.337,817 railway.—__ 3,783,951 4.253.457 $13.262,00f> 1,124,735 1,714,974 1,396,063 2,046,291 111.53& railway.... 4 3.827,447 44.915,053 41,656,545 40,18O,33» railway—— 10,477,176 9,594,672 3,121,401 11,240,446 9,248,442 4,025,856 income.— oper. from oper. income Bankers paying 131,680 89,958 3,683,739 5,188,379 Trust agent due Co.. for New York, $2,808,000 semi-annually Oct. N. Y., has been appointed New series C 2Vb% eiuinment trust- 1, 7,893.076 6,852,079 6,081,618 1,294,694 911,307 1-68,710 400,931 132,537 *594,109 169, p. 1949 through April 1, 1961.— 1880. *496,288 7,590,782 V. Chicago St: Paul Minneapolis & Omaha Ry.— Earnings 499,C07. March— Gross from Net Bros. & Hutzler ry. The issue was reoffered, subject to ICC approval prices to yield from 1.5.0% to 2.95%, according to ma¬ turity.,'Associated in the" offering are Drexel & Co.; Union Securities Corp., and Stroud & Co., Inc. - 1946 $2,709,287 $2,685,547 $2,253,602 287,182 318,829 548,181 *289,959 *4,794 *39,149 219,330 *625,803 7.631,163 7.886,507 7,435.013 6,495,693 47 3,477 740,871 1,146,330 140,209 *375,816 *382,3C8 176,493 *827,4.18 income... oper. from, 1947 $2,732,607 from ry. associates 1948 railway—. railway.—— From January Gross Net and i<M9 from Net Net 1— railway railway oper. income. "Deficit. —V. 169, p. 1C64. 1962. The issue 99.435 William Manager.- exchange, of *205,877 Childs Co., New York—Partial Redemption— at Office) $38.00 b'cl From January 1— won bid Business a from May 5 of $7,020,000 2-%% equipment trust cer¬ tificates, due $260,000 semi-annually, Nov. 1, 1949-Nov. 1, com¬ Patent on March-— certificates 1,227,144 ----t was for B. awarded per Dana Published year. remittance Other for on. bid of a 99.613. Halsey, Stuart & Co. Ine Gil Company, twice a Publishers, week [every Park Thursday Place, New (general news subscriptions 28 327 shares of 5 V2 % cumulative 1, 1949.—V. 169, p. 8, preferred stock 1664. REctor 2-9570. Herbert D. Seibert, and advertising issue) withi a statistica! issue & Smith. Copyright 1949 by William B. Dana York N. Londofl, E. C., England, c/o Edwards Act of March 3, 1879. Subscriptions in,United Countries. $42.00 foreign 25 April (in¬ cluding shares of stock to be issued upon exchange of old 1% preferred stock) were drawn for redemption on June 1, 1949, at $100,916? per share, which includes accrued dividend from April 1, 1949 to June 2%s.- (Telephone State'^0313); 11 Drapers' Gardens, the post office at New York, N, Y., under the Dominion fluctuations S. 1946 the award 2428, U. awarded was as S'/aS, were: Halsey, Stuart & Co. Inc., 99.3885; Harri¬ Ripley & Co., Inc and Lehman Brothers (jointly), 99.379; Harris, Hall & Co. (Inc.), 99.305; Leo Higginson Corp., 99.286. son v.,s; r.wV— railway—. Offered—Salomon p. .1947 Chicago Great Western Ry.—Equip. Trust Certificates $4,547,988 V $4,477,150 (Reg. Salle matter Union, On cer¬ tbe certificates The $2,745,212 ry: 93,133 1948 223,304 ;V ^ 1— from from' railway 1.689,556 Proceeds will be used to finance and" Financial S. second-class American ■„ same the following Brothers maturing from Nov. 15, 1949, to May 15, 1961, priced to yield from 1.25% to 2.425%, according to maturity, are being issued under the Philadelphia plan, subject to approval of the ICC. Associated in the offer¬ ing are Drexel & Co., Union Securities Corp. and Stroud $3,165,705 Electric pany's construction program.—V. 169, * the on recs'ved certificates York 506,854 income oper. income__J "Deficit.—V. 169, p. 1448. 1, 1948 sold privately $800,000 first mortgage 3%% bonds The bids road and Lehman 1331. '2,629,158 railway railway— oper, Net $6,037,568 ■;l 169, p. —1949 From- Jan. company on series C due 1976. - Net $1,275,006 ; from Gross Co., Inc.—Bonds Sold Pri¬ Jan. 14, 1949, sold privately 161,200,000 first mortgage 3%% bonds, series D and on Feb. . the Chicago Rock Island & Pacific RR.—Equip Trust Cer¬ tificates Offered—Offering of a new issue of $3,528,000 21£% equipment trust certificates, series D, was made May 4 by Salomon Bros. & Hutzler and associates. The Net subscription privileges to its outstanding common stock which will purchase debentures on the basis bf $5 prin¬ from Gross 1222. .Central be lroad railway from 2,066,951 784,000 (net)— vately—The alternate 1,159,407 oper. - transferable agreed Net ry. 801,000 tax.. income for years, Paying Agent Appointed— Fed¬ — deductions Net —V. than operating Gross 'Total franchises^. income at $14,938,437 oper, from ry. Gross Chicago & Eastern Illinois RR.—Earnings— 3,543 •Other l-a '•Deficit.—V. and of to otherwise acquired.—V. 2,214,632 Net received lway— $14,511,902 from ry. 1,315,147 705,570 income bids Other 99.78. Inc., 99.715; Salomon Bros. & Corp., 99.6299; Harris, Hall & Co. lailway.607,685 from Not 5,876,389 income of Co. 1949 from Net $23,456,138 , ' 3,126,902 520,871. eral will m EARNINGS used amount of d-ebentures for each share of common stock. Unsub¬ debenture's will be" offered at competitive' bidding. Chicago to acquire, up. to $525,000 of the debentures (including $127,100 to be issued to it upon exercise of subscription rights) not 1949—12 Mos —1948 $7,386,734 Depreciation Federal & its has purchased of b.'d a Boston constitute cipal Co.— Earnings— revenues—__ other to o:i Stuart First Hairiman Ripley & Co,, Inc. certificates The the to. refund Co. convertible American Buslines, Inc. applied to $3,133,241 $295,253 operation Amortiz. The $18,564,629 $17,001,233 Chicago investment company, has made application exemption order permitting its purchase of hot in an of $525,000 14,040,877 MairitenanCe 'Taxes, subject 3,063,476 3,637,300 $338,941 ' gas publicly re-offered, were maturing in scribed Power Trust certifi¬ $7,785,375. i 1946 2.693,190 Bankers to 169, p. 1776. •Operating Ry.—Equip. (jointly), 99.01 for 2s; Halsey, Stuart & Co. Inc., 99.01 for 2s; Salomon Bros, & Hutzlpr, 99.573 for 2'/os; The First Boston Corp., 99.439 for 2l/as; Harris, Hair& Co. (Ine.1, 99.35 for 2VbS. Net 1947 5,957,852 1,274,412 Central Illinois Public Service Period Halsey, response Net Quincy RR.--Earnings- & 2,379,7-64 21,094 income pfd. Western From January 1'— 5,548.623 debentures $1,613,353 $17,179,118 $16,289,662 into —V. 276,232 87,908 1,183,528 1— $316,346 deducts, (net) Balance 203,186 36,960 1,330,789 income on 4,371,390 1664. p. March- $19,183,740 American as Net 6,485,671 4, 885,192 awarded was were: proposals: 2447. 1, 1953, to be issued by Earnings— 1949—Month—1948 revenue Divs. In Gross Chicago Corp.—To Purchase Bus Line Debentures— The 1664. p. Period End. Mar. 31— Int. & oth. 1,244.120 issue sale tificates v. $19,072,765 oper. 169, to -the Illinois Light Co. expenses 49,557,651 12, 164,334 and railway. Central 53, 284,232 920,987 certificates Hutzler, 99.715; (Inc.), 99.53, *27,925 *54,397 ; railway.... from Net 188,150 income— oper. Gross 1,242,747 146,148 oper.. *105,228 , excess •Oper. 66,817 1— *Deficit.—V. ■Gross 108,125 $327,660 railway income— from ry. $2,818,850 railway...... from ry. 75.050 35,853 3949 from 381,626 576,697 270,930 from Net railway.— March— $2,958,523 $3,346,838 459,373 Jan. Net $425,496 64.172 railway From January 1948 $3,266,935 railway oper. From -Gross 1949 from from $427,480 24,277 Chicago Burlington $399,635 422,023 i The the Gi:tis Net March— Net 59,037,123 8,392,399 *493,253 North standard-gauge 1946 :V. ry. oper. income "Deficit.—V, 169, p. Central of Georgia Ry.—Earnings— •Gross income... from from Net 1880. p. 966,150 56,911,171 5,037,093 169, & the The 1947 1— Net $763,466 taxes ^ 2, 278,852 by the ICC, at prices to yield from 1.40%. 2.60%, according to maturity. ' taxes have 1949 and share... per 169, $442,093 oper. Net —V. 1948 railway.— railway. From Jan. 1664. p. 31- before deprec., int. & Fed. taxes all 1,191,381 certificates, maturing $414,000 annually June 1, 1950 to 1964, inclusive. Issued under the Philadelphia Carolina Ry-—Earnings- 1949 Foundry Co. (& Sub.)—Earnings— Ended Quarter Inc. Income income ■' from Net . Western from Net 1S49—Month—1^48 & March— : Gross Period End. Mar. 31— Chicago 1,929,659 income oper Gross* from $2,997,221 ; —— 1,427,790 cates Offered—Harriman Ripley & Co., Inc., and Lehman Bi others won the award May 4 of $6,210,000 2%% equip¬ $619,173 21,394 V ______ Vv Balance *844,141 income oper. "'Deficit.—V. to 780,440 _ 1946 5, 264,608 to authorization Inc.--Earnings;— $796,000 -s ■, railway railway Net: from $3,777,661 pfd. stock for the period— to RR.—Earnings 1947 $19, 402,816 $16,406,229 1— railway railway. from Pacific 1948 3,719,818 income.— oper. ry. & 3,241,774 from Net Paul $20,164,036 $20,966,564 ment trust 1331. Vermont March— Gross $5,445,807 Net Net ry. From Jan, Gross plan, $6,039,797 $590,536 Dividends applic. Net railway railway from $367,561 13,092 From January 1— Gross Int. & oth. deducts, (net) Net 149,000 13,092 require;' after divid. payments. 1949-1-2 Mos.—1943 $529,166 7,681 St. 1949 from Net $24,631 divid. snare, $2,031,629 $27,157,803 $22,966,191 1,502,463 21,118,006 17,520,384 1,715,868 income Drl02 Light Co.—Earnings— revenues- expenses Net $38,249 Dr'26 "Deficit.—V: 169; p. Period End. Mar. 31— revenues $73;541 (net) income equivalent promoters. inhabitation, equipment, and option agreement Carolina Power & Operating to Chicago Milwaukee March— Gross . of the 4,935,220 Total inc. taxes & .special registra¬ a offering of 500,000 the-public Crenevert Rene names Rosenthal underwriters,- who lire ■■ with offices at Montreal, Canada, has filed company $5,748,737 5,339,723 income." oper. Gross Carnegie Mines Ltd.—Registers With SEOThe $6,425,047 484,367 $1,335,4.5 $318,650 1558. p. 1949—12 Mos.—1943 $502,616 440,414 $77,558,383 Ncn-oper; inc; -V. 1949—Month—1948 $513,955 ___ Y., States, U. S. Possessions, per year. and advertisements must be made in New York funds. Territories Edit°r and Publisher; Monaayj.. Other Company. Reentered and Members of Panon 4 (1988) THE Chrysler Corp.—Quarterly Statement—K. May 5 said in part: President, Net earnings for the first three % 4.7 of T. Keller, on sales. These in amount months earnings of 1949 PURPOSE—Because been unable chases and $18,707,951, or were dividends include COMMERCIAL foreign from sub¬ of Such tially reduced loss has its pur¬ company upon and of expense earnings. borrowings substan¬ has " ' months of the 1948 of $4,976,368. Earnings for the first three including $805,178 in dividends from $14,921,644, were foreign subsidiaries. Sales ■i of trucks, three-month period the of sales trucks with Plymouth, from sales Cash , after parts, in units short-term and all De Soto and Chrysler cars and Dodge plants were 242,104 vehicles as compared States 223,256 and $401,245,547. Dodge, United of other products for During this period unit accessories were cars, the securities marketable substantial provision for three months first 31, capital is structure reflected not the consolidated in balance sheet these of securities current a CONSOLIDATED . Period End. Mar. 31— position will be used its upon accounts / $ Gross revenue Gross pay¬ —V. of April from 109, p. 1559. 4,901,152 14 6 subscribed per share, for the and for 464,913 shares also (see V. 169, 1223). p. 31, Net 8.448,632 194,143 1,942,546 2,050,432 Power Co. 1948 1946 1947 $1,684,699 $1 ,613,047 $1,267,250 380,749 744,009 787,625 476,186 258,153 665,119 716,668 366,821 4,100,408 4,995,071 4,,658,809 1,961,459 2 ,337,536 1,688,179 2,,078,711 full year The 1,234,704 income.-. 1949. nine the income 2,718,439 representing month one income net months ended months of ended Dec. and The of the ended 29,363,048 ended months 31, 1948 and Indiana Gas & 1948. 1948 March South of April 30, 31, $1,355,084 29,225,650 12 net income Southern March $730,518 investment of the for Caro¬ $1,044,418 Co. Electric Consolidated net income for incluaes for Commonwealth the respective Southern & income net for a companies. in South Carolina Power Co. was disposed of in May 1948, and the investment in Southern Indiana Gas & Electric Co. was disposed of in January 1,564,708 939,793 12 3,523,758 1,276,958 the net $70,333 for * . 2,737,467 includes the $1,342,783 railway oper. 14,638,483 9,015,165 199,348 corp. ; 1949 irom ry. 54,500,595 14,468,506 703,378 pfd. stk of par- 1949 lina March— Net 54,651,867 1,261,394 ■ NOTE—Consolidated for as 4,867,354 before divid. inc., ent total of $15,544,unsubseriued for snares 46,491 registration ; railway— " 1,219,984 744,353 (net) a Clinchfield RR.—Earnings from ' Subscrip- representing the Gross 1 213,946,149 on on March at $33.50 expired $ 268,446,744 * record (no par) $ 19,456,864 223,928,161 income Int. & other deduc. Net removed been Co.- -Stock $ 24,324,218 278,580,028 19,079,021 - primarily p. 248. , Rights have Illuminating S 1949—12 Mos.—1948 23,980,173 „u Oper. exp. & taxes ■ stock common 552. Electric ACCOUNT INCOME 1949—Month—1948 pfd. stk. of subs. Minority stkhldrs. int._ ; not was sale in thereafter discount its bills.—V. 167, may stockholders The of aggregated $163,051,478 and net working capital was $237,983,651. Depreciation in the amount of $4,835,820 was charged to operations during the three months ended March 31, 1949. • ' At a special meeting held on April 19, 1949, the stockholders of Chrysler Corporation authorized the amendment of the certificate of incorporation to change the authorized common stock of the corporation from 15,000,000 shares of the par value of $2.50 per share to 20,000,000 shares of the par value of $25 per share. However, this change in the of company , Divid. 1949, Inventories of March 31, 1949, contained in this report inasmuch as it authorized until April 19, 1949, and became effective April 25, the tion—' payments, were $198,652,688. income tax proceeds put Cleveland 1948. March of as of The to able, so that it I • . sidiaries Monday, May 9, 1949 to borrow money upon its accounts receiv¬ discounts of its CHRONICLE working capital, customary discounts the of has been obliged able. FINANCIAL insufficient availitself to & 1949—V. 169, p. Corp. 1880. From January 1— CONSOLIDATED COMPARATIVE STATEMENT OF NET EARNINGS Gross from Net sales Int. and Of service, 151,017 (est.) of profits cess of reconversion Earnings 15,459,106 9,475,000 9,550,000 13,650,000 457,500 14,116,466 20,492,793 *8,382,072 ex- aends from received divi- . foreign eign , * from ry. 20,492,793 4,976,368 805,178 1,009,614 14,921,644 21,503,407 4,835,820 3,695,878 2,024,733 10,877,330 8,702,264 3,263,349 Gross paid tCharged to cost of sales and (Corporation and ail accrued securities (at cost and Net ry. 2,238,880 2,767,675 141,317,867 4,793,612 3,571,396 cost)— 1,411,562 2,358,685 with Accrued and ins., taxes and taxes Common stock Additional 541,406,396 •After for $63,658,269 at in 31, and $55,104,000 in 1948 _____. 541,406,396 March— §After deducting $50,180,000 S. 1949 from ry. railwayrailway™. from Net oper. savings Jan. to notes be -Earnings and $2,936,886 .$2,385,398 1,280,876 954,636 HISTORY AND the protective date holder of all Consumer 2,547,132 1,356,394 p. 1,895,983 1,382,114 the shipments retail said by 6,525 477,600 416,456 *27,309 59,863 56,865 Co., March and *71,058 14,402 to trustee, of 135 holders all So. of Combined depositor, Industrial Plastics sold are the in of company This production equipment war have 25, trust the 1949, property trustee trustee truste the oper. been produces following of and organized and items: etc. PRESENT AUTHORIZED organization, effective 48,565 344,435 22,852 26,377 95,620 95,640 92,181 103,310 370,295 382,634 $409,225 taxes *$3,226 income (net) 896,085 $81,380 „„___ deductions $36,134 V 84,696 338.434 236,265 $180,782 / 84,606 $374,568 $745,490 12,709 12,015 53,514 169,657 $68,670 income $168,767 $321,054 $575,833 Consolidated Edison Co. of New York, Inc.—Output— The company on May 4 announced that System output of electricy (electricity generated and purchased) for the week ended May 1, 1949 amounted to 198,600,000 kwh., compared with 202,900.000 kwh. for the corresponding week of 1948, a decrease of 2.1%. Local distribution of electricity amounted to 192,200,000 kwh, compared with 190,900,000 kwh. for the corresponding week produces net will cash Shares has increase an of 0.7 7P. ACCOUNT 1949—12 Mos.—1948 $ $ $ ' 104,825,199 368,965,507 348,612,050 86,004,574 85,787,151 321,762,841 296,913,054 51,698,996 190,471 ' •*„' 1 $ (of of Trust dated converted Operating income Gross — 16,953,896 19,038,048 47,202,666 income— 61,066 41,325 198,216 —____ 17,014,962 19,079,373 47,400,882 51,889,467 3,994,197 3,143,476 13,491,133 *15,719,730 13,020,765 Non-operating 15,935,897 i-i 33,909,749 36,169,737 $2.09 $2.20 income Income Net ;> the to pay holders represented proceeds of at all the interim deductions ——. income thereof thereby, of and the trust termination, share— common Period End. Mar. 31— the being securities date per receipts interim all and/or assignments, outstanding and/or for receipts certificates together shall with be 1 1949—3 Mos—1948 : Sales of electric, Sales of gas Sales of Federal —(000s 1949—12 Mos.—1948 Omitted) : — (kwh.) 2,547,258 2,751,402 9,972,177 9,813,353 (cu. ft.)— 18,568,241 20,062,335 55,628,745 55,854,659 steam—pounds 6,492,861 7,648,992 15,091,634 16,270,393 payment in cash have with the the at also ownership said office ,y. income tax. (Earnings of Operating revenues S. weeks Company of been notified certificate the to the present back the on trustee. See also thereof V. 86,958,971 317,668,588 71,792,292 72,302,439 279,010,673 257,728,939 12,961,730 14,656,532 38,657,915 156,075 133,417 579,291 2,939,356 —13,117,805 39,237,206 3,001,525 14,789,949 2,159,178 9,684,986 46,160,386 *11,902,189 10,116,280 12,630,771 29,552,220 34,258,197 deducts.- revenue Operating income Non-oper. income — Gross income Solvents Corp.—New Vice-President— Net — income Carswell, for the past three years Manager of the company's Development Department, has been appointed Vicecharge of Research and Development.—V. 169, p. 4. (000s and in and April Sales of Sales electric, of •See with 1948 % Increase 217,253,000 210,176,000 211,155,000 228,240,000 215,811,000 9 226,798,000 217,881,000 9.270,442 15,844,118 45,272,830 45,445,289 Consolidated Gas Electric Light & Power Co. of Balti¬ (& Subs.)—Earnings— * 1949 revenues Depreciation and 1948 1947 $13,222,911 $13,134,746 $11,159,481 expenses 7,828,927 amortization 8,860,269 6,613,210 1,002,856 1,002,383 935,634 2,373,958 Operating income 5.8 April 9,401,853 14,738,360 2 Months Ended Feb. 28— 6.4 16 2,598,212 ft.— 1,745,858 1,765,752- $2,017,643 $1,592,985 $1,777,662 Taxes 3.4 224,660,000 ——„_ Omitted) 2,390,896 more Operating 1948: 1949 30 43,221,030 above.—V. 169, p. 1880. Operating April 23 300,949,969 (kwh.) gas—cu. (*) Co.—Weekly Output— percentage comparisons 1949—12 Mos.—1948 84,754,022 —_ 169, .'/v . Only) 1949—3 Mos.—1948 appertaining to the said interim coupons certificates payment, special charge of'$3,140,000 representing portion of certain to surplus equivalent to estimated resulting reduction in Period End. Mar. 31— accom¬ Electricity output of the Commonwealth Edison Co. and associated companies, excluding sales to other electric utilities, for the week ended April 30 showed a 3.4% increase over the corresponding week a year ago. Following are the kilowatthour output totals of the past four plastic —: 4.1 Other income Gross New York The City appointed CAPITAL—By amendments of its articles June, 1947, the authorized capital con¬ year, 102,958,470 deductions— /• mer¬ in v'j Oper. rev. trustee, trustee outstanding possession Commonwealth Edison other ." 7 revenues April division last of INCOME 1949—3 Mos.—1948 outstanding the the Period End. Mar. 31— Oper. of President industries. ••■; 264,160 -.76,955 Operating taxes. executed, T. Washing various and covers This 4,697,140 232,205 revenue- income Earned said share in trustee's 1111. plastic film. Division: $6,193,237 4,982,304 71,067 remaining in its possession „ of Week Ended division the toaster flexible various to the $5,765,125 1,241,422 39,938 Street, Broad Trust and termination. the duly executed Research follows: channels covers, from made of as Division: Goods roaster items that are 1949—12 Mos.—1948 $1,615,219 taxes— Income deductions Advertising Display Division: Permanent point-of-sale adver¬ tising displays are designed and manufactured by this division from a variety of materials such as plastics, glass, wood, metal, card¬ of 23,904 *83,705 114,090 Corp., each of transfer receipts (3) board, *64,402 ' 763,251 was organized in Wiscon¬ authorized capital of $25,000. overseas which through covers, household (2) $171,232 478,140 notice the remaining Bearers 3,314,259 engaged $3.32 items charged duly activities the war, divisions chandises machine for 1949—3 Mos.—1948 taxes— local and •Includes 101,028 was 458,202 •Loss.—V. 168, p. 2005 income accrued upon such securities and trust property since 31, 1949, after payment of all taxes, charges, expenses, counsel and compensat'on of the trustee. With respect to interim receipts and/or certificates which are registered as to principal, payment will be made by the trustee to the registered holder thereof, except that where payment is to be made to persons other than the registered 6,868,870 ' the three items income Gross $146,217 plus 521,336 an •V 1,229,269 & mainten. depreciation-- Jan. 8,362,618 company $3.98 $1,382,015 revenue fees, BUSINESS—Corporation years 457,504 $0.61 1946 1947 $180,599 certificates on of to for share rata 748,158 1944, with war packaging materials. (1) 1943 : Trust giving terms $10.32 property same September, During 114,550 ?0.61 - 1111. Total other inc. *6,722 1448. p. 261,117 $760,642 1449. securities certificates, of sum 9,625,844 1,479,917 320,419 $910,781 114,318 stock com. share Federal State modified by supplemental agreements date May 16, 1930, that the said agreement having terminated surrender and/.or 207,448 Clarvan Corp., Milwaukee, Wis. — Debentures Offered Heronymus & Co., Sheboygan, Wis., is offering $65,000 6% debentures at par and int. Bonds are dated April 1, 1949. Due serially to April 1, 1959. Since Other Total Holdings 1, its Commercial into 159,042 $177,153 45,320 and/or Feb. said Upon 591,323 income.. oper. 66,008 $140,268 I 46,001 Group), issued under Agreement and Declaration 1929, as cash panied 1946 $3,392,411 " 25, the at 9,250,211 2,669,514 railwayrailway 169, 1947 1— from from 1948 $3,235,401 1,048,640 income-. 1929, pro Cincinnati New Orleans & Texas Pacific Ry.- in 233,665 191,239 88,732 31,242,655 March 339,568,779 331,738,658 '" Net Oil all of U. is Combined to Treasury applied .in payment thereof.—V. 169, p. 1776. sin 467,720 300,754 146J544 — p. Pa., receipts Standard pursuant $67,704,197 at March 31, 1949, 1948. tAfter provision of $200,000 for flncluding accounts with wholly-owned 1949. 87,104 End. March 31- for Net Fidelity-Philadelphia into 551,068,774 depreciation Dec. accounts 1949 —V. 678,036 292,594 Combined Trust Shares (Phila.)—Filial distribution— The 31,242,655 J._ reserve doubtful ry. 703,883 income— Philadelphia, 21,755,660 business.- 224,582 $1,021,760 5,114 52,404 11,533,787 21,755,660 share)- the subsidiaries—$1,052,547 at March 31, 1949. Net 15,183 102,819 25,612,102 : in use — From 61,142 30,049 489,247 23,545,614 capital 181,050 $1,231,201 _ exp. Federal 58,351 railway 915,009 _____ .Total Net 1946 96,267 railway— 118,608,526 exps (par value $2.50 per retained for 36,088 Connecticut Railway & Lighting Co.- -Earnings— Prov. $105,204 54,062 26,771 10,266,875 other $797,177 $206,276 $140,859 on per 169, p. Oper. $154,846 21,269 665,601 : Gross 51,941 railway— 124,033,591 . income on paid-in Net earnings rolls pay subsidiaries JFeaeral Gross $227,079 378,343 $1,050,150 $170,188 240,114 , 1947 $242,784 432,498 , 5,342 income Period 99,665 *Deficit.—V. 169, between payable in *28,139 income— oper. interim Accounts and 173,564 Wyoming Ry.—Earnings— railway income from ry. 585.871 149,673,054 551,068,774 Accounts , 229;862 railway—__ from Net 2,358,685 655,686 LIABILITIES— ' 770,864 110,578 1948 480,302 $227,963 _ for int., etc. deductions Dividends 1777. p. From Jan. 1— Gross 1,424,086 150,157,510 equipment 99,451: $222,621 CONSOLIDATED Total ; 169, oper. Net >ost) i* 493,037 *18,015 218,282 -V. 1949 from Net wholly-owned foreign subsidEngland and Belgium—at plant and , 107,966 —— (Canada, •Property, " *108,141 2,628,005 railway from 36,193,206 Sundry invests, and misc. accts i 67,219 2,899,165 597,101 March— Gross 102,958,081 taxes and other expenses— .Investments .in and advances to partially-owned ,'iaries )31,952 r taxes income Net Columbus & Greenville Ry.—Earnings- $ 163,051,478 Inventories Investmentsin 103,295 3,397,528 income— oper. 76,887,895 Prepaid insurance, (at ry. 99,334,259 i ; —: — after Net .• receivable domestic subsidiaries taxes Total 1946 •Deficit.—V. 169, p. 1449. receivable--. accounts Other taxes $845,576 $1,001,975 3,113,939 railway.— from 28,970,889 interest) accounts 1947 . 308,719 railway from 31,'49 Dec. 31,'48 $ tOther 471,870 inc. subsidiaries) 121,764,793 — tTrade 542,714 State & Bal. avail, 312,120 152,277 1949 BALANCE SHEET Mar. marketable 1948 income— oper. Net wholly-owned U. S. Cash Short-term 506,553 134,933 Fed. From Jan. 1— Gross expenses. ASSETS— . from ry. Net CONSOLIDATED "v 585,496 Ry.—Earnings— $1,160,057 railway— from Net *829,929 1,387,426 3,263,349 ' " 129,274 Earned Colorado & *829,929 18,707,950 j, 146,571 572,378 $0.51 $0.35 $1,219,189 railway oper. Net "'•Loss. Southern March— Net earnings ^Depreciation 3,515,705 3,916,731 _ Operating for¬ subsidiaries— Dividends $366,393 ^ „ 14,116,466 $6,149,954 959,305 901,097 120,487 Net railway from Net 402,143 - 13,731,582 from Mar. 28, '48 $255,013 (est.)_ 1949 from Net subsidiaries Divs. taxes share.—, from Gross —.— ; $7,099,968 Depreciation >. From Jan. 1— 7,150,000 —.— : 1949—12 Mos.—1948 $1,555,431 178.745 1111. railway Net ry. oper. Income for before earns, provision. for common p. *Deficit.—V. Net ™v Mar. 31, '49 March— Net •• >« after per 169, Gross acct._ 1949—3 Mos.—1948 $1,747,162 revenues 12,074,441 expenses inc. to income Colorado & taxes reserve restored Net prior years' income and • 18,035,740 End. March 31— oper. Other 22,147,803 13,731,582 recovery (& Subs.)—Earnings— 3 Months Ended— & ——— Portion Clopay Corp. 124,570 —V. Balance Est. Period Total Maintenance income on income— 1559. 140,900,358 • selling, interest-— taxes railway oper. 169, p. Community Public Service Co.—Earnings— Operation 317,0*1,078 317,192,095 141,024,928 356,385,290 295,124,009 267,590,196 136,875,059 advertis. and ,-exp. from ry. —V. 401,739,675 336,826,215 - engrg., Fed. 1946 k 306,423 494,128 sales- Admin., Cost 1947 $ 401,-.«,547 336,^9,789 income__ misc. Total income- r subsidiaries) lod8 $ Net Net (Corporation and all wholly-owned U. S. 3 Mos. End. Mar. 31— i railway—. $50,000,000 April 1, Paying Agent— Bank Farmers York New paying principal 1999. For Trust New York, and registrar agent amount offering, Total Co., of see 3% V. sinking 169, p. Y., N. for fund an been has issue of due debentures 97,564 income Net $1,860,081 422,336 per, common p. 377,488 314,741 $1,692,871 Earnings 169, 82,419 $1,683,028 deductions $1,310,540 $1,545,340 $1.12 income —V. 1880. 95,043 $2,115,207 income $0.94 $1.14 share 1665. sists of: (a) $100,000 of 5% (b) 20,000 of common 19,787 or to shares; issue granted as subscribed bonus a agreed number of $3 for, to to per modify of share for $3). shares; officers the Commonwealth Investment stock Xpar $100). Issued outstanding, and reserved for future sale employees, 7,211 shares; option preferred stock, Heronymus & Co., or the of services to rendered be by the present program in shares of preferred (par 2,200 consideration In Heronymus & Co., has stock to the underwriters of shares. 9,372 cumulative the of financing, the company option for its purchase of the stock to provide for the option price Under board of common periods directors maturing annually redeemed in These ten debentures in ten years. are total registration of 28, 1948 (par $1) has ranging from authorized 13 to periods, The so initial subordinated to $100,000 19 of months 6% that the entire issue will be offering is limited to $65,000. current bank loans. holders of Commonwealth & The of weekly this territory kilowatt corporation served for Southern hour output adjusted the week 312.055,485 as in 1948, increase of 22,025,005 an compared to with Corp.—Weekly Output— of show electric general ended" April 290,029,880 or for 7.59%.- energy business of bills p. record on May its stock 16, Div. fourth partial liquidating distribution stock payable May 14 to stock¬ 1949, the New York Curb Exchange has > will 1949. a common 7, informed. The May share per transactions after debentures, $10 been removed existing April 1, 1949. The the (7616) which became effective Aug. sold at market 303,902 shares of common stock $1,902,428. The unsold 156,858 shares were from registration.—V. 169, p. 1332. V a The directors have authorized of the company for Consolidated Liquidating Corp.—4th Liquidating Co., San Francisco—Stock Subscriptions— be All ex certificates prior redeemable quoted to May May 18, the distribution delivered 16, 1949, 1949, the after must of May be Exchange $10 7 in per share on settlement accompanied by announced.—V. of due 168. 2429. subsidiaries conditions of amounted to 28, 1949, the corresponding, week , , Consolidated Natural Gas Co.—To Purchase Additional Stock of Subsidiaries— The company and three of its subsidiaries have applied to the SEC Volume for Number 4801 169 THE order an authorizing additional common stock investments by the the subsidiaries to finance their respective construction pro¬ to reimburse their treasuries for capital expenditures al- parent in Teady made. Under ' c ' the . 1 \ Consolidated would acquire, at their $100 par shares of East Ohio Gas Co. (Cleveland); 1,500 common shares of River Gas Co. (Clarksburg, W. Va.); and 15,000 common shares of New York State Natural Gas Corp. (Pittsburgh, Pa.). The Commission has given interested persons until May 26 to request' a hearing on the proposals.—V. 168, p. 2429. proposal, value, 40,000 common Gross Net ry. $6,004,352 227>284 *57,219 is 20,103.343 3,260,011 21,966,436 4,024,768 18,642,196 16,569,523 2,358,143, 4m 470 i fiofi R7S 725 562 1 004 337 "With WW* £ products of Eastman Corp., Jhe trends are /I1,606,875 169, p. 1778. 1,725,562 1,004,337 Oross^roin * railway Net from Npf rv railway——— i inpnmp onpr Deficit.—V. Gross Oper. exps; -and Int. $1,627,121 $17,952,843 $17,944t704 deducts. - • Gross (net) 330,110 337,863 3,867,381 ry: Gross Net income Dividends Balance -V. • 169, $1,297,012 $14,085,462 $14,678,477 205,457 3,143,192 2,465,193 $1,495,797 stock ind. on 280,790 $1,215,006 —„ 919,227 — > Offer Extended- March— Gross Net from dealings on the Net ry. York Curb Exchange at the close of business, May 14, 1949, and Exchange has filed application with the Securities and Exchange to remove the issue from listing. Net from, Net ry. The New the class A stock common will be suspended from Commission The number of shares of common stock remaining outstanding and purchased by the company under its purchase offer dated Jan. 27, 1949, has become so reduced as to make further dealings inadvisable, according to the exchange. The company has extended to June 1 its to sale purchase lor cancellation to it at $2.75 class A share.—V. 169, p. per shares common tendered _ stock (par S5) was effected May 4, by Harriman Ripley & Co., Inc., Lazard Pre res & Co, and Auchincloss, Parker & Redpath at $21 Va per share. Dealers discount 700.—V. 168, p. 2540. Paul the Yates almost 50 been ftas retirement of L. years. L. fill Secretary to Potter who has P. Hill, Secretary left vacancy by the company for of directors for board the to the served ' i(j65 p ' ' A. low sales In April on of and gas and 1948 to be the first two introduced He months of predicted He 1949. a May, and aggressive sales and that after a thorough study Lt«i th v with Crane Ltd. of Great Britain on special a assignment.—V. 169, Curtiss-Wright V. Shields Named P. Corp. Chief Executive Officer— Paul V. Shields ag!'Chief Officer directors of stockholders Guy W. the retired held the to from corporation at an organizational April 25. This action followed the on meeting newly created office of Chairman April held meeting and who Chairmanship at Presidency when Mr. Selection of President a several nomination that for the Curtiss-Wright siderable expansion of facturing organization, able is the to company production The company director, a W. C. vacated manufacturing operations expected .to the activities as a carry part as directors announced be the election poration aviation. Merrill, Mr. to corporation's Vaughan. of Shields foreshadowed was directors take executive Shields Mr. aircraft con¬ manu¬ earnings and en¬ share of development Chief as in of entered the partner a he ssmtl 295,276 45,703 from railway 2,623,241 4,697,803 —V 3,680,843 1,776,066 1,796,086 1»207'605 riC9°Pp " 1450mC 4,163,642 2,272,682 from 965,331 967,185 railway t-we Detroit C)lA.„ Toledo & Shore March— Gross from Net ry. Line RR.—Earnings— 1947 1946 $612,895 $416,130 303,i69 313,a55 93,412 351,811 165,755 111 029 141,696 42,090 1,796,314 1,891,187 1,704,016 1,146,605 947,195 1,011,599 966,533 364,988 from from Net rv. —V. railway—— railway income oper. 323,098 169, p. 4 359,576; 1450. the 1920. , ,, _ is announced , for-onG basis V that this 154 # d v* e T TV c4- £ has split up its shares business with retired from He Dividend Chronicle, in with utilities when 1922 he organized important an financing. —V. 169, part of Shields the & major Co., which has been industrial and public Bullock — For Savings Plan details V. 169, May 5, page 1946. : Doeskin Products, Inc.—New Name— 1777. p. San-NaD-Pak san wap rax Mie Mig. Co oo., *Inc inc. below oeiow. " Dallas Power & Light Period End. Feb. 28— 940,688 1949—12 Mos.—1948 $1,043,866 813,946,116 $12,547,219 792,813 10,629,779 9,363,072 March— Gross oper. Other $212,990 $251,053 $3,316,337 70 32,970 $219,334 $251,123 $3,349,307 $3,184,435 69,975 53,208 772,923 Net from ry. railway $910,483 railway *900,575 income— oper. 288 of *1,032,571 Aon 1 income Interest Net other and ductions • de¬ income Transf. to $149,359 surplus Ur43,595 res.— $191,915 37,484 $2,576,384 $2,536,610 758,805 497,312 carried earned to corp. 4'fiSRiiR *3*^0898 frnm $192,954 4 V2 '■'< $154,431 $2,079,072 stock pfd. $1,767,805 334,935 334,935 $1,744,137 $1,432,870 169. 1778. p. Year Ended Jan. Duluth 1949 Net ; profit after Number Earned —V. of charges and —_ taxes South s 350,532 280,641 273,519 $1.62 $1.28 from ry. (Includes (& Subs.)—Earnings— income of The Hudson Coal Quarters Ended March 31— Gross Net U. — revenues S. income Unemployment Other taxes Fixed Net —V. and 1947 307,713 $5,195,655 865,948 - . 940.000 18,797 23,112 736,485 698,496 553,156 636,097 568,296 651,927 520,017 :__/__ depletion charges- 735,012 895,915 675,496 920,138 $65,142 $1,458,287 $1,497,642 : 601. p. March— Gross Net Net ry. railway—„ , oper. 1948 „ 1947 1946 $5,091,883 $4,915,211 $3,904,803 775,809 1,174,422 66,900 346,838 573,917 1,574,637 817,611 income— 56,337 From Jan. 1— Gross Net —V. Net from from railway iailway_ ry. 14,282,576 12,997,307 2,003,452 2,966,192 3,145,740 860,796 1,432,703 1,505,215 169, p. 1450. oper. income— $543,828 $443,143 $5,649,551 $4,211,455 34,479 34,479 413.750 i 347;78i $309,349 $408,664 require. surplus $5,235,801 $3,863,673 $9,205,909' ! $7,201,106 14,855,521 11,412,561 _______ stock stock -467,176 263,822 dividends 166,534 413,750, 347.781 1,268,490 1,692,276 $12,909,457 $9,205,969 dividends 10,953,015 * 1,495,983 & ,fr.pany's Groton'Conn-submar,ne plant'"wa"announced 28. -// April on school 1947 1946 $457,233 74,480 62,733 24,027 *40,109 1,486,097 238,028 1,206,731 134,803 1,005,495 *174,483 91,369 19,569 Net from ry. from Net from Net income-- ry. 1948 1,304,400 912,200 756,700 441,643 245,319 139,887 *54,887 145,830 62,623 1948 Commenting sales on said:- . —__ $435,395,626 were the. sales report, 194J -v.1945 $95,500,000 $92,000,009 and net earnings Thomas J. Hargrave, $55,494,425. the President, "While we held our own. in total sales during the first quarter of fairly strong downward trends appeared in our business as the In the past month, this general downward move- ' has continued. These current trends are complicated, however, quarter progressed. had 1 reappearance little "Our "In experience sales well, the picture of seasonal since is June 1 sub¬ from this company will make an T amounted to 81.239 000 kwh., an increase of 26.8%- over the corresponding week of last year. ry. > S3,4574534 $4.217387 1,825,569 774,295 railway— income— 1,403,462 598,126 $2,46M21 19.9,484 *32,805 9,503,075 1,322,326 506,313 5,542,525 i ratlway railway income oper. V *r»pfirit sa!6s before spotty.' the influences with which we have 169 ' n ' t 10,788,198 12,182,735 5,093,641 2,164,712 3,759,369 1,353,007. 1451 y* 3,607,320 _ 413^412 1,394,128 *350,761 \ ' stock lines :r V,1 $10), of which 4,000 will be sold on behalf of company. The offering price is $10 per share. Underwriter, F. H. Crawford Co., Emlenton, Pa. Company's proceeds will be used for development, manufacture and distribution of a.,leakproof pump. ' * > , shares of common 10,000 (par Erip ... i Firninec; RR ' ® March— 104,1 1"49 1°47 1946 . Gross from railway $12,854,983 $15,011,393 $12,820,204 $10,608,103 Net from railway——— 2,558,562 4,077,170 2,813,254 1,845,448 Net ry. oper. income— 1,080,043 1,762,888 1,061,840 673,179 From Jan. 1— ' \ . Gross from Net from Net ry. railway railway——- oper. -d;j„ 37,790,361 7'4^1.068 income— TTnninmonf 3,061,469 Tecno , ,42,332,538 10 014,057 4,011,538 35,723,833 7,154,713 2,532,298 29,668^012 ,3,773,512 76,137 ',>■ 151(18 on ^qUipmenL issue war. Some ' Eastern Ry.—Earnings— railway-- froP[' Net or Joliet & oper. from 1949, the System input of subsidiaries 1881. Frcrn Jar Gross 28, /;'//" first includes the sales of Distillation Products, Inc., the company's acquired in July, 1948, whose sales were not included in quarter. ment ry. for quarter of 1949, we have been able to do just a little better than 'hold "our own' in comparison with the corresponding quarter of 1948, the company's best year. The figure for 1949, how- 1940, from Net April v "In Navy's the retire The company on April 25 filed a letter of notification with the SEC Co.^-Quarterly Sales Higher— _______—___—__—; net will Emlen Corp., Emlenton, Pa.—Files With SEC— ^ —_— Total kwh., *30,503 169, p. 1450. Quarters Ended March 31— Sales Net $242,600 3,096 *62,454 122,157 Eastman Kodak w, 1946 $335,100 105,879 40,843 912,000 income v. 1947 $477,900 178,700 73,798 ended corporation 169, p. Net railway oper. this 17,194,000 —V. on"u7m ' railway *Deficit. He , week Elgin $317,300 34,681 *34,023 :_ railway oper. 81,936 Ry.—Earnings— 1949 railway Conn. *15,951 Winnipeg & Pacific from London, Electric Power & Light Corp.—Weekly Input— Por 1665. p. presently officer in charge of is New extensive trip to the west ccast.-V. 169. p. 1560. $382,957 3,916 of 169, at active Naval service and before joining Atlantic Ry.—Earnings— 1P48 March— Gross quite 839,721 Klnkring, USN, will join this company July 20 Assistant to O. P. .Robinson, Vice-President, and General Manager »' $544,789 112,315 income oper. Duluth by the 12,696,882 ry. 1,311,693 Electric Boat Co.—New Official— as the 1948 first $4,181,073 railway 1,553,818 2,840,281 Captain Thomas B. *2 662 846 subsidiary Corp.—Earnings— 1949 , from from 108,729 255,607 Balance surplus at end of period -SS ."ovse -9 698472 1,281 531 *53,515 railway railway Deficit.—v. ever, Delaware & Hudson RR. n'HSo ~»V* 169> p" 1881- nn *71,052 from from $5,274,901 17,307 . income 169, 1948 505,903 old-age —_ Depreciation subsidiaries) taxes— and charges ___- taxes__; its Mi From Jan. 1— Net Gross $21,030,624 $26,756,817 $24,498,141 18,260,294 21,561,162 19,223,240 $2,S20,330 income taxes— Canadian and 1949 revenues Expenses Co. fivo $430,527 *23,806 income— From Jan. 1— Delaware & Hudson Co. ___ r— $213,331 *995.935 *1,050,120 1949 oper. Net 1430. Shore railway railway $7,079,000 455,217 share per 169, p. 1948 $7,738,000 shares common 127,152 $5,990,325 175,331 deductions-— Captain Klakring from Net * 31— 76,3 1 surplus Preferred 169, p. 1450. March- Net Dejay Stores, Inc.—Earnings— Sales 8,057 $807,481 $10,043.6 1 Net direct charges marine Gross —V. Iwm M Deficit.—V. Net surplus 7in SSp ? 'Sii::: SS Gross Bal. $5,863,173 $971,357 income Net 1946 1947 $298,625 *921,006 *1,004,083 "X19 -7-7n Net * (net) $9,967,300 .„/ */_ ' 14,576 ffd. stock div. Total ^ ; $359,773 *1,134,124 *1,262,960 Aon NPt Gross 9,028 $799,423 . Balance surplus at beginning of period ; - 647,825 income l,lcl -rFed^-lfi^me taxes—252,197 $3,184,147 6,344 revenues 2,113 $956,780 — Balance ' 1948 1949 from Net Net 435 Duluth Missabc & Iron Range Ry.—Earnings— Co.—Earnings— 1949—Month—1948 $1,153,678 952,501 — Common Operating revenues Oper. exps. and taxes— 60,135 oi_ f5 develop, costs 601. p. •• 83,821 ^ reyenues--- Of- issue see 697,277 1,400,7.73 ' ' 508.885 , .../-• • See see 3,381,933 ^XotT&T inc. , thai;, firm identified 246,630 Deprec. Taxes, two^;r---Aross 'income a 1052 ' Shares, Inc.—Systematic Calvin by 325,805 4,526,372 DrZZ4,847 1,235,595 • on ; fered 92,085 "' ~ Othlsr/fhcome / 1 la.—Split-Up of Stock— company cor¬ retirement of Mr. active interest in an ^ Dexter Co., Fairfield, 542,268 9,106,241 Cr100,903 Crl,308,789 113,074 ' Glance ^ It 955,6io Cr71,820 HMainteiia»^^Kli&i.v--^. <amoE^.> & depl. v otTifer^tHan Fed/ "/. income T """ • 143,99yrs ^ 'SSTi^ 1949—Month—1948 1949—12 Mos.—1948 $2,363,708 $1,641,754 $23,341,964 $12,170,665 — — 519,821 income plpe- CONSOLIDATED INCOME STATEMENT Netjfestdtmls- 1948 From Jan. 1 Gross (^OMP^RATIVE operation $632,805 railway oper. SThm 397,14^, ?.^, $591,591 railway • President told stockholders at the annual meeting: that •-Ferictj Eftded.Feb.— -rpOiH(rating.A.;reven,ues r__ UI, Wll|bG Colorado River. It also will build a 26-inch line, 102 miles long, frbm the terminus near Blythe to a point 17 miles east of Topock <jon the Colorado south of Needles. The line is to pipe 150,000,.000 ;cubic feet of gas a day. 892,947/ 1949 from Net T < Privatelyr^TllS tlie w From January 1— Net ^ f Milwaukee. of Keyser, ^ SS-IS 332,975 was banking in the of invited by reorganization of the the management following has long maintained Following the war he Lynch & Co., becoming Officer when in the program to expand commercial aviation. Executive December, part $1,2^569 $1,402,023 stabilizing government's active an involve to pioneer substantial more a of the of means known are of military air forces and the advancement the S&S1 309,o06 Net shortly. Pfans and the divisions as Jordan, who that office in Curtiss-Wright Corp. and time. Vaughan coordinate to Curtiss-Wright from the retirement declined the the $1,469 276 ift the ' . in addition to the sale of the $24,000,000 3 %% iirst-mortgage line bonds company had sold a $9,000,000 bank loan. 1Q.R 20. December, resigned as President of both Wright Aeronautical Corp. at the meeting. the v 1Q.Q railway— this of Vaughan, who announced his annual assumed of u from Gross elected was Executive meeting annual at w RR.—Earnings— 22 rf™°;nralrT^-Net ry. opex. income— 13.32. p. Co. surance Paul Gross ^ The bonds were sold privately to Equitable Life Assurance Society, of the United States, Metropolitan Life Insurance Co., Mutual Xlfe Insurance Co., of New York, Massachusetts Mutual Life Insurance Co., gun LifeJ Assurance Co- of Canada and Northwestern Mutual Life In- cn,|„;tnj f Toledo & Ironton • over»the less farm and food) PIP® line bonds, 3/4% series due 1964. Proceeds used to finance construction of pipe lines. Mr. Detroit ■•^1 increase average company has Sold privately $24,000 000 first mortgage « v. an E| Paso Natural Gas Co.-r-Sells Bonds the past year, has been elected an Assistant Secretary of the company. Yates, who has been with the firm since 1936, became Assistant Comptroller in 1942 and was made General Manager of the Chat¬ tanooga plant the following year. For the past year, he has been This compares to . marketing le 1939. (all commodities general prices satisfactory of above August, same period of about 88 to and to an increase 01 about 75 /c Pr.ce of Kodaks purchases. V. 169, p. 1224. wi?h SS fits ^ pm.Tnmon, automotive and faim equipment companies, he said.— ioy, p. 17/8. ri More the, New which ' about 21'/ believed reached 26 announced that he electric ranges had been reported nLin!« quarters occupy. (4) Prices of all Kodak products at the end of the quarter averaged . SfcSSff22i£SgS< merchandising in to adequate. . passed, with sales on the upgrade again following the period of readjustment that characterized operations during the last quarter of spent lor; enlarged being about Its cashl P°sition. at the end ■ of 1949 is expected to be> reasonably _ _ President, Fry, point is is Park, the sensitized goods plant. The rema.nder w;ll go to other projects. This program will, of course, be reviewed during the year in the light of prevailing conditions. (3) The company has no present plans for doing any financing. • . Branch (2j Approximately $40,000,000 has been budgeted for 1949 to provide and improved production, laboratory, and other facilities. About $26,000,000 of this is allocated for Rochester, N. Y., mostly at Kodak 384,005/><;284,625 168,162 55,114 97,230 20,472 t 217,289 130,175 $500,000 new vp^ito1HnoSn^l,.CcrPetitlVe f&Ct°rS the nW UneS W°Uld ^ W Secretary, Etc.— elected Harry 29,024 and activities. Crane Co., Chicago, 111.—New 169 . John common v 899,881 8,927 *5,288 $129,314 56,183 Detroit-Michigan Stove Co.—Outlook Promising— 1111. distribution; of 30,500 shares of income.— oper. than York _ 1946 1947 ;S02,I91?- 431,895 130,955 81,327, • _ Hargrave listed other major .points: ' ^ The company will introduce several new products during the six months. It- is anticipated that approx.mately $1,000,000- will next ■ •" ra'lway railway , the ary from ^Deficit for Corning Glass Works—Secondary Offering—A second¬ : ?•' From January 1— Gross not offer 40,242 24,411, - income— v ■ „ $175,399 72,79C6 44,294 $151,551 railway railway oper. , £ spent on a. new photographic distribution branch ln Dallas ® 1948 1949 from r. v - Mr; (i) • ago. year a . Ry.—Earnings— . Cooper Distributing Co.—Purchase Stock to Be Removed from Listing— 13,920,696 2,322,212 1,291,735 • Detroit & Mackinac . as believe that the trend of general economic cond.t.ons will be-the determining factor in what happens to Kodak business during the rest of 1949." " Production, rates In Kodak plants have generally followed the sales trends. "Some cutbacks in production schedules have been necessary in certain manufacturing departments," he said. .... . /.i, / *263,351 13,204,859 2,706,736 1,716,382 railway * 17,252,972 15,312,214 Net from railway——C_ 4,498,765 .-4,326,624 Net ry. oper. income-— 2,383,257' 2,835,836 *Deficit.—V. 169, p. 1778. as Kodak's sales are falling away from the peaks of has .) happened in; other - bus.nesses in recent months.' We general, 1948, - ' *61,211 1,076,946 729,153 u this company s for the same about • 1 from $1,091,554 $10,942,270 $11,613,284 1449. p, 1,718,764 demand "In 1946 $4,656,103^ $4,363,345 $4,939,011 1;058,816 705,181 $6,042,791 income 1947 company Tennessee m«ed. Ti6txe lsn af our chemical products. But its textile «roducts> particutftrly staple-liber, -are oft anally in comparison with 1948, as is the rest of the textile industry. Plasties sales 'are • 1948 "a,blL!°0<!.f—0/ than last year. lower down. good Western RR.—Earnings— 1949 railway oper. •From Jan. 3,866,227. : ■ "railway from from Net Rio Grande & **•••. March—• Net _ other and $7,517,832 $87,932,754 $81,6d3,555 5,890,711 69,979,911 63,658,851 $1,833,660 taxes income Gross ' . Denver 1949—12 Mos.—1948 1949—Month—1948 $7,976;373 6,142,714 revenue 3,706,387 .. . Consumers Power Co.—Earnings— Period End. Mar. 31— SSFiJSi * such sales are But year. hand, other $6,754,062 1,507,597 830,217 income— oper. the of the company's sales of Cue-Kodak color film, x_ray and black-and-white sheet film are above 1948. Demand for photographic papers and professional motion picture negative Stock ^e Qn $7,787,117 1,623,173 658,288 railway— railway- from Net «jg* season this . 1946 1947 1948 1949 $6,858,855 1,017,654 421,714 Irom 5 (1989) CHRONICLE Delaware Lackawanna & Western RE.—Earnings— March— and grams FINANCIAL & COMMERCIAL have been\holding up some are very sb'ft, others are in between. photographic field, for example, dealers report that current/ receive bids up to May 17 for the purchase of $3,450,000 equipment trust certificates, due $345,000 annually May 15, 1950-1959.—V. 169, p. 1451. The company will THE (1990) G ' lion's Corp. Vice-President, 1 , the stockholders passed ' . said ■ ; ' ' j_" " /"•/■/ Liquidating a on sale The share. May is in were common Stock Exchange V. 169, p. 1779. Bonds ject added assets of approximately of common stock 292 600 shares 30 tion tion As Federated borrowed reported, previously needed not was ties alone securities ment (3,500 retail "Net ■_ - of goods sold and expenses Maintenance and repairs amortization--- and Depreciation Rentals — Interest and debt expense date Other PRESENT shares Federal 55,222 £>r48,853 taxes 5 % the its outstanding 5% 3,500 1.500 GM 7,625,000 Net profit — of net profit accrued The shares 75% shares its being to of with stock the made will be with 10,728,241 334,039 and 12,298,012 475,886 439,244" utilized redeem in the accrued on the 10,206 io;eio 822,055 737,227 Exchange Curb May on 4 approved for listing 5.000 shares, par 50 in interest class the General Portland Cement Co.—Earnings— interest, the Cost com¬ on SEC) will sold Net be to Number —V. by the and bank current the. will approximately which loans aggregate and 5% of amount $98,000; $0.80 additional an Ry.) Northern Statesboro (Incl. 1949—3 Mos.—1948 1949—Month—1948 oper. revenue.. $255,200 $224,780 $709,317 $658,112 oper; expenses i46,180 211,902 750,123 606,886 $9,020 $12,378 *$40,806 $51,226 6,638 6,472 19.914 19,416 9,181 7,137 26,593 20,644 10,771 Net from rev. railway operations Railway tax accruals: Ad in'. made April 29. kwh./ or 169, p. 1882. Railway $190,000 were Corp.—Weekly Output— 113.071,075 to Railway • Railroad Act 1 and valorem Fed. misc. Taxing 1937 Fed. Railroad Unem¬ ployment Insurance '■"/ Act of 1938——2— sinking fund debentures, due Sept. 1, 1950.. principal 1,016,705 of this corporation for the week ended kwh., an increase of 894,934 output Period End. Mar. 31— be from company electric amounted .%'"•/•%" under¬ of purpose 1.016,705 —- p.-1451. 0.8%, over the corresponding week of last year.—V. debentures and shares of-pre¬ The proceeds wiil be added bonds, company 500,000 $819,300 $1.13 - General Public Utilities The 1949 $321,020. the 702,000 $1,142,500 — A'-- 1 — -—- taxes./. _ share-—-" per 169, —— shares of Earned the- the cbmpany, the received income earnings 1948 $4,001,500 2,682,200 $4,912,600 3,058,100 , expenses..—-. Georgia & Florida RR.—Earnings— to purchase be to. received 'from by — and Federal holders of 75%or before June 2, commitment provided sales Net - 1949 Ended— Three Months providing funds with which to call March 1. 1949, all of the company's outstanding 414% bonds, due Sept. 1, 1951; in the aggregate .principal of $100,000, amount at of retire to for first/mortgage to cos._ 2,582 190,210 the by stock stock new funds mortgage funds 1949, 2,809 Plywood Corp.—Listing—Acquisition— York New minority not the firm a proceeds estimated are general 2,324 24,220 cents each, issuable in exchange for B stock of Veneer Products, Inc., presently owned by General Plywood Corp.—V. 169, p. 1225. the the company'to such exchang-' is completed. This offer is':, accepted of more other net first the 1,310 11,493 524 6,031 . 169, p. 1779. The cumulative preferred stock new 7% cumulative pre¬ of preferred 5% or registered have who together sale 2 27,640 251,363 — additional common exchange purchase price of such •PURPOSE—The the • . ' Total order inter¬ 33,565 17,069 28,346 304 5.594 _— General numerical inverse .. 8,923-.. Canada— of —V. 5,778:,:./ 7,571 7,614 —— Coach— Trucks int. used/to call and redeem all shares of the presently outstanding-'5% preferred stock which have not- been deposited for exchange. ' ' 8,829,506 15,256,067 ———- applicable minority interests in subsid. -1 & Passenger basis of one share of such new of such presently outstanding; stock/ the upon of additional writers, 21,127.518 10,130.000 ^ Truck GMC the share outstanding holders January, Portion 93,762 — PREFERRED STOCKHOLDERS—The time however, of the ferred income on 126,842 of such principal amount. outstanding ), underwriters 1,419,394 18.353,241 . 21,220 annually 1950-1959, sub¬ the company in whole principal amount thereof and of $4 in cash sum more same. 19.708,124" 25,386,067 (neti income Total 35,518 outstanding 5% preferred" stock accept the offer of exchange and deposit their shares, on or'before June 2, 1949, such number of shares of the offering of 3-,500/ shares of new 7% preferred stock not requ/red for exchange (plus Feb. 1", '47 18,402,094 25,330,845 66,590 Cadillac . Balance 86,505 of in ZL 16,046 subject to call and redemption at the option of. whole or in part on ;»any- interest payment date on to be paid by If $ $ $ 346.526,318 304,720,671 265,412,038 310,150,356 277,135,858 238,862,811 4.351,122 4,141,195 2.669,353 2,382,375 1 1,567,738 1,228,062 3,355,924 2,756,875 2,365,559 955,696 686,911 578,129 sales of leased lincl. sales departments! Offered 88,897 24,986 1949.:%/-; /i,::/://// Jan. 31, '48 - are stockholder, at .the or 52 Weeks Ended— Cost TO conditioned, ' Jan. 29, '49 payment on ing ACCOUNT LOSS AND PROFIT notice.at the premium of 2'/< a option plus the This money- day-to-day operations CONSOLIDATED .interest any on and mature the at stock-(par $1001 preferred stock for each the year-end. at Securities — 1, 1949, ferred of the business, and it original purpose. Cash and govern¬ equalled 95% of Federated's total current liabili¬ the for : Trucks Co. pany offered to holders of during the provide funds being held available for its still is 77,345' redemption debentures OFFER $15,000,000 from an insurance company on a long-term note to for expansion when desirable opportunities are available. 303,891- 307,813 the company in 30 days'1 notice at the principal amount thereof and plus a premium of 2!/a% of such principal amount. $15,000,- to liabilities of year 590,554 ' 270,684 Refining and days' plus The approximately $7,000,000 assumed in connec¬ with its purchase. The remaining $8,000,000 constituted an addi¬ to the Federated common stockholders' investment. Ooo'subject call part est, Store as of Nov. 1, 1948 foi acquisition of the Milwaukee Boston The 627,085 224,919 • 131,973 447 199 Buick 2,754.444' 2,834,765 274,142 89,561 Oldsmcbile _2——. 22.529,952 income dated March are to in or Report— Department Stores, Inc.—Annual Federated 3,32/545 37.004 20,503 ■ Trucks Vs'I"': ■ 101.036 and int. and the debentures at 1C0 and on 1 3,280,247 railway—__ oper. ••.'■/; . . *131,772 Peters, Writer & Christensen, Inc., and Sidlo, Simonds, Roberts & Co., Denver, on April 18 offered $600,000 5% first' mortgage bonds, series of 1949, and $150,000 5x/2% deben¬ tures, due March 1, 1954. The bonds were offered at . dealings on the New York stock of F. A. R. Liquidating Corp 1949, G, May . 36,571 —l-,——— Coaches 1949. 4, Effective . railway— Frontier the basis of 12 Farnsworth shares for one I. T. & T. loan from I. T. & T. to Farnsworth became due on from { 91,420 Trucks 72,951 98,455 „ Ponliac—Passenger •Deficit.—V. 169, p. 1451, *1,000,000 A •144,013 1949—4 Mos.—1948 282,600 151,180 30,390 Chevrolet—Passenger $837,625 186,949 45,172 DIVISIONS GM 1949—Month—1943 / Period End. April 30— , ' $950,071 '""2 BY . ig46 123,309 98,488 Monday, May 9, 1949 VEHICLES MOTOR OF PRODUCTION ; , * 1947 $1,042,968 from May 25 to vote* will'meet again on proposal to dissolve F. A. R. Liquidating Corp. 1948 ."223,578 ry. . stockholders Ry.—Earnings— 1949 $1,188,155 Net Corp. Farnsworth 'The ' • ! CHRONICLE railway— Net ■■:%/ , FINANCIAL railway—— Oper. Income— ry, Gross 2/2'//;2:-".r..-v-.V";. //22'22 (21 Transfer of Capehart-Farnsworth shares to I. T. & T. in exchange for approximately 140,048 shares of I. T. & T. 1 ' (31 Change the name of the present Farnsworth Corp. to F. A. R. firm. worth ;; from From Jan. 1—■ • assets and business of it of properties, to assignment Grossfrom Net. 'i, : March— Net Capehart-Farnsworth Corp., the Farns¬ separate corporation, Formation of a (li : ; resolutions: these and / ' Farnsworth, T. Philo and assets properties, Telegraph & approved a plan for sale of the corpora-, business to the International Telephone stockholders on May 4 & Fort Worth & Denver City Corp.—Sale Voted-— Farnsworth Television & Radio The COMMERCIAL amount approximately $260,000 will be' used to .retire bank loans made in January and February, 1949, for the purpose of carrving seasonal/ Inventories of gasoline and other refined products. Otherwise the company has not allocated the net proceeds of thip financing to-specific" 3,724 2,201 *$7,564 *$4,455 *$89,519 $395 16,263 12,140 44,696 34,693 ./ 765 . ■ .. of Net appl'cable to shares profit parent company of- on Dividends on common stock Earnings per common share stock.. 4preferred 10,394,202 2_, 11,858,763 543,861 546,603 3,828,069 3,036,310 $4.18 14,780,181 528,620 4,893,555 — Dividends $4.82 $5.84" sideration Jan. 23,'49 Due Government from Other customers— Refundable Federal JSupp'ies and Real estate •Property taxes prepaid in the 27,976,765 1,986,026 expansion company the in the Gulch at drilling building of an Plant No. 2 at two of wildcat 3,173,603 1,426,735 1,124,113 903,181 5%, fiiit 33,078,834 42,948,230 ■ :: v'";v,;v7- 'V/,;*/-/ 7, leases on Net at an remainder of Gross of 5 Vz % Authoriz'ed debs, due March 1, Purchase of , tPurchase Defense 1954 Plant Surplus of 94,798 ../'/"""" LIABILITIES— Notes payable one and long-term debt 37,919 Salaries and Federal lK)ng-term Reserves prior : debt, due after 7,638,903 subject to restrictions of the mortgage. 1.641..453 chase one 29,953,831 12,920,462 1,496,454 326,159 407,761 year of taxes interests preferred .in subsidiaries stock — of 2,315,361 2,539,219 _ ■■■/• • No. 2. new L2 reserves •Authorized 1,667,384 for stock Common stock and (or) such 5% preferred of surplus Earned 12,268,500 / reserves for and $13,055,754 1949 and depreciation in 1948. 2,354,013 no par retired the 15,081,983 dends 31,485,462 115,448,943 amortization and of $14,795,908 in tRepresented by 2,672,470 shares (par. $5) shares in 1948—V. 169, p. 1666/. any Fifteen Park Row Corp., N. Y. City—Distribution— first of receive now mortgage thereon 20-year the third gold bonds, (final) due May distribution of funds in hands of the Irving Trust Co., trustee, One Wall Street, New York, Y., at the rate, of $4.75 for each $100 of principal amount of each bond, if accompanied by its Nov. 1, 1942 coupon.—V. 159, p. 1146. N. relating April 18 filed "a letter of notification with the SEC for 8,489 shares of preferred and 11,867 shares of common. be offeied at $12.50 per share without to be used for capital structure.—V. (M. H ) to 1949—Month—1948 $793,209 i —V. 169. p $604,738 Proceeds will share $2,123,552 stockholders Nine Months sales Net Utah, Ended— Federal Mar. State and foreign crude retail and 169, p. the Net profit Rained 1,028,676 —V. $725,871 169, p. $1.24 J 1451. of Assets creased Net from Net ry. From Gross railway. $3,411,000 from 1946 $2,948,328 1,148,483 974,621 796.990 878,645 535,000 567,896 444.703 495,951 l— from ry. 1947 $2,935,873 income— Jan. Net 1948 $3,367,269 railway—— oper. Net —V. 1949 from railway railway. oper. 169, p. income— 9,251,371 .- 9,441,767 8,874,586 8,223,916 2,748,163 2,715,663 2,706,958 2,974.595 1,456,751 1,529,560 1,480,175 1,718,-763 1560./ Net Divs. prior income $808,923 $11,367,654 $973,431 $9,656,423 357,670 324,009 4,016,094 9,965 9.717 110,723 116,607 203 9,233 Cr53,441 Cr24,123 $503,864 $7,515,725 $6,143,363 223,005 223,005 2,676,064 2.676,064 $402,516 debt. 3,653,796 $280,859 $4,839,661 $3,467,299 discount, income pfd. stock May Company is distributing petroleum to 1949. ■ to for, and Fundamental at Investors $32,089,825 2.434,733 $13.04, to on from 31, or ry. Gross ry. practically was 31, 1948.—V. unchanged 139,379 58,740 *57,223 railway—.,2/: 2,091.425 2,068,932 1,974.105 1,876,094 : 264.125 303,401 166.295 27,530 income— 232,376 222,883 59,931 *70,855 railway oper. 169, p. 1667. Georgia Southern & Florida Ry.—Earnings— Garrett Corp. Gross from Net ry. Gross war. 202,557 were produced during GM's 251,363 April, ry. —V. passenger car and and 48,806 cars were the year to date, 1,884,221 1.561,690 1,509,598 572,662 545,793 385,543 359,854 income— 171,796 171,013 134,779 134,810 cper. 169, 1451. p. period last year. - - . ' - / it ! . • /•. / , ■ ,,, 2 /' BUSINESS—Company was incorporated in Ohio Feb. 21, entered into contracts of purchase and sale whereby supplies buildings, and machinery and equipment owned total price of $227,000 for inventories an estimated 2 price ( of •',).- is engaged products previously manu¬ in addition thereto, radiator valves and other related products. ,2 2. •// The former owner of the business, Glauber Brass Manufacturing Co., was incorporated in Ohio Aug/ 31, 1932, and became a subsidiary of H. B. Salter Mfg. Co. during Oct., 1945. ■ H. B. Salter Mfg. Co., in continue factured - ■ 3 ■ in the manufacture and sale of brass products consisting principally of faucets, valves and fittings. Company intends to . it acquired all of the lar.d, Company to . When materials, $186,000. trucks. • Offered— 15, 1949; due March 15, 1961, Ohio Columbus, O., trustee/ Interest payable and during April was made -,/"• Ohio—Bonds by Glauber Brass Manufacturing Co. Ohio for a officials said. compared with 737,227 for the Inc., Kinsman, Columbus, Ohio, recently offered $150,000 March Columbus, 1949. General Motors has produced 822,055 cars and trucks in the United States and Canada, 12,334 1,896,325 / sinking fund. Record—7 truck The attainment of a higher rate of production possible by greater availability of steel, 66.263 National Bank March 15 and Sept. 15 of each year. Callable on 30 days' notice as a whole or in part, otherwise than through the operation of the sinking fund, Bonds are also subject to redemption through the operation of the' of trucks and 64,874 12-year 5% first mortgage bonds at 10014 and int. Transfer AgentCo- cars 81,063 117,531 1— Glauber Brass establishing its highest April $549,083 165,584 1948.,,. i railway. _j_ rail way---^2- from Net in the United monthly out¬ production exceeded March, 1949, by 22,600 units and compares with an output of 262,628 cars and trucks during April, 1941. Of the total vehicles produced in Canada the $576,856 209,501 income— oper. Jan. Net 1949 railway— railway—--— from Dated corporation and since 1946 $676,219 314,185 1949 from Net " N. Y. 1947 $723,953 March- outstanding in¬ asset value from the $13.13 169, p. 602. 124,576 income •Deficit.—V. engage 31. •17,083 1— from from Net Shares 1948. 1946 $669,168 93,744 oper. Net gain of 6.2%. Net a 1947 $679,683 163,054 railway..— railway From Jan. at $33,731,384 on March were Dec. 2,585,794 1948 $733,428 136,013 1 from Net Such wholesale and of, crude petroleum.— ■ ;/';•/. 2 % production 1949 $745,043 March— Gross Net 1, authorized products 169, p. 1451. Georgia RR—Earnings— HISTORY & same 3,634,649 $625,522 debt on —V. stock for each common would be distributed to General Motors Corp.—New Postwaf For 14,019,653 1,726,500 thereto. Bankers Trust Co., New York, N. Y., has been appointed York transfer agent for, and the New York Trust Co., New York, Y., has been appointed co-registrar with respect to 1,000,000 shares common stock, par $2 each.—V. 169, p. 377. April, 4 906.481 717,720 : 889,037 j Balance . The put 1.800,000 15,575,800 taxes and exp. (Crj__ deductions 2_-_2 Other New of '*• 150.000 150.000 accom¬ Registrar— This March— be amendment an common company Dakota. exploration with fiom share, States Florida East Coast Ry.—Earnings— Gross Redemption cannot 1,186,421 $0.51 share- $1,560,-708 1,257.935 shares per by 1113. comparing 2,589,384 .V.; . prem, Fundamental Investors, Inc.—Gain Shown in Assets— N. Common eliminated be the of and South petroleum, Mar. 27/48 $17,541,370 523,552 taxes 5,684,100 plant long-term on Amort, of AND Montana (The) 26/49 1,249,423 income, 5,833,800 The Ohio Co.. $12,837,288 —I Gross Int. the business of exploring for, producing and refining crude oil and products at wholesale and retail. Thp company's principal business is and will continue to be refining (& Subs.)—Earnings— income 469,700 income dividend, if distributed, has been ruled nontaxable. figure of Dec. Net 532.000 taxes FROPERTY—Company, having its refinery office at Cheyenne, Wyo., and its general and producing division offices/at Denver, Colo., was incorporated in Wyoming on June 12, 1940, and is qualified to do business -in Wyoming, Colorado, Nebraska, Kansas, per 1560. Flintkote Co. will outstanding and that such stock dividend BUSINESS V. 34,572,356 depreciation-. aquisiadjustments —// From 1949—4 Mos.—1948 $2,321,784 stock said stock dividend of two shares of common Fishman Co., Inc.—April Sales Up 31.7%— Period End. Apr. 30— Sales underwriting. 165, p. 937. " Both issues $("0.180,515 37,850,306 General 1, 1949, and until all shares of this issue have been preferred stock will be subordinate, in respect of divi¬ 7% $66,447,214 3,215,122 Federal HBefore giving effect to stock dividend. It was expected that the board of directors at a meeting called for April 18, 1949, would authorize a in on redeemed. or 1949—12 Mos.—1948 $5,361,465 3,242,073 is by exchange 5% preferred preferred stock all of exchanged not 1949—Month—1948 $5,786,543 pur¬ until and 5% retired preferred stock 1948 $7.38,903 expenses.—- of tion of distributing petroleum First Industrial Corp., Baton Rouge, La.—Files— company been such 1949 $365,549 $45,292 on payments in liquidation or dissolution and in other respects, to the 5% preferred shares. After the redemption of the 5% preferred stock the provisions of the articles of incorporation of the company stock 1,' 1952, the The has of —Jan. 1 to Apr. 21— 1948 $51,913 •• . 1779. p. for Amort, company's, outstanding redemption stock unless 643 *$35',025 2 22 2:22 V and common Holders issued •$134,453 1 company's - Plant facilities. SNone of .the mortgage Plant* Corp. be the of issuance +Note held by WAA for "by 683 *516,709 revenue Prov. until Sept. 11,770.065; 40,843,468 • ... Total •After plished 13.362,352 ; _ - will and shares of 5% V,'/v2.f 12,602,500 29, — surplus may call $4,000,000; but further to secured Defense stock holders present 153,529,339 (par $100)— tCommon stock Capital Jan. at and of preferred 21,647,373 outstanding is limited 2 No. JPurchase the ! par> amount Plant 7% with ($1 218 *$23,920 Period End. Mar. 31— 11141,923 shs. 10,130,708 ; assessment 1949 1949 500,000 shs. —— — liabilities possible Miscellaneous in §5,0002h.s. 2,793,776 - ineome__" on accrued for Minority swene 5,000 shs. 15,066,612 years 414% 3.500 shs. pfd. 14,767,837 2,441,619 244 int. to Week End. Apr. 21 Operating pfd. stock ($100 par)^_/__%„ $1,354,533 income from revenues 169, Gross cum. 1,684,578 wages— (axes Miscellaneous 200,000 ($100 par) 6,180 *$34,377 Georgia Power Co .—Earnings— - . cum. $763,919 2-^—— payab'e 37,919 None i_Z2 year Accounts 94,798 7% stock 6,425 *$133,770 1949 —V. 5% within due 2,213 *$16,491 Period— 1,242.500 JPuichase money obligation Z— Bank loans (less than 1 year maturity) il—/ applic. Operating . 115,448,943 2,107 *323,676 income— v - 153,529,339 *$40,557 150,000 $150,000 facil. •3,259 *$140,195 •Deficit. Outstanding $600,000 1,242.500 Corp. obligation-: money 5,980 *$18,704 approximate FINANCING mtge. bonds, series of 1949 2,109 *$25,783 income Deductions by net. proceeds, TO- PRESENT 1.956 income oper. on owned Wyoming, The ry. Non-opierating approxi¬ field, CAPITALIZATION, GIVING EFFECT 2,065,285" 1.553,383 ...... we'ls (net Dr 1 fac. rents con¬ vacuum of cost a — Joint this .financing will,,until otherwise used, operate as working .capital and improve the ratio between quick assets and current liabilities, (net) „ under additional during 1919 of two additional wells an approximate cost to the company r amount) projects improvement the company's drilling project the and and are Company in the Mush Creek to the company of $75,000. cost i.___. _Z nominal $115,000; 1,575,787, 32,679,191 2,372,250 equipment— and (at „ 10,577,529 — operations assets ... income——. on expen e= used not Miscellaneous ■Goodwill ... _____Z2C-— i inventories unit $80,000; Maudlin 32,321,711 3,359,111 _a_— receivable accounts Merchandise the 17.833,505 A. securities^—2--- '' 11,331.416 38,526,487 2,059,126 __ S. $ mately Jan.31/48 $ U. by distillation CONSOLIDATED BALANCE SHEET ASSETS- Among the purposes. Railway oper. income Equip, rents. (net Dri the production of all lines ol' by the former owner of the business and, engage in the manufacture and sale of •Volume 169 turn, became Brass Inc. other subsidiary of Eljer Co., iPa.), during Oct. 1948. Glauber affiliated,. directly,.'or indirectly,'" with any of the a is CAPITAL H. to pany board STOCK—Authorized stock, standing. (par B. of to agreement in stock: $20,000 of of Brass in PURPOSE—The net with used retire to additional and original 1955, $65,000 in derived' from bank loan of $25,000 working capital.—V. 169, the pay- due. required value par the J shall notes become be not of company Grand Trunk Western March— —V. in $60,000 per Net from Net ry. 1333. Net sales Cost of Gross from Net ry. i .$3,905,000 $2,832,000 651,236 661,071 996,535 394,294 234,418 575,271 "196,486 "451,102 11,453,000 11,853,000 10,557,000 1,591,979 1,516,389 2,120,448 193,163 936,774 "857,499 1946" railway income "Deiieit.—V. 169, March— : Net ry. railway— railway from 1949 ... income. eper. - 1748 1947 1946 ; from Net from Net ry. railway.: railway ■_ 41,471,049 169, 43,034,497 1,769,507 5,713,796 "3.188,884 406,367 - income. oper. "Deficit.—V. Net ry. ' 37,688,565 4,641,304 36,726,636 4,171.372 756,704 476,614 " for Gross 1946 $324,335 $281,650 $240,931 66.755 115.052 99,417 28,370 21,639 49,221 53,619 "12,667 income from ry. railway.... railway from Nf-t oper. 863,549 916,780 750,109 2ou,bb6 2j_,,J12 215,353 57,673 income... "Deficit.—V. 169, Earned directors classes April on 101,797 declared the 95^675 following this corporation, of shareholders of record May dividends payable May ;; 1949 Net .13 .20 .16 .16 from from Net ry. - Gross "Extra" ry. .17 ■ , —V. - 169, from distribution net Ohio from accumu¬ railway... $6,151,938 $3,537,605 1.502,032 $6,111,454 1,384,600 570,200 559,036 544,013 1,511,332 "280.788 169, 181,494 net 224,568 mon 18,593,974 16,594,485 4,239,453 1^,179,859 4.353,557 17,383,264 . 4,234,240 J - $427,441 $403,150 1,565,007 1,408,749 .Net ry. Total "114,539 -Ti 1949 ■_• :■ Proceeds will be used par. construction program—V. 169, 1334. p. - Net; CONSOLIDATED - OPERATING >L: ENDED Net sales 31, 1949—3 Mos.—1948 profit FOR / 1,615,905 $520,725 $220,125 $1,271,683 $340,257 101,424 113,914 160,016 230,232 299,788 709,303 $189,069 "$193,577 4,064 3,486 _ $193,133 W 834,392 $402,369 "$840,441 14,099 - 12,769 "8190,091 ' $416,468 "$327,672 4.026 3,221 3,586 9,932 41,175 41,779 137,743 125,675 $147,932 "$235,091 $275,139 Earnings before depreciation and income Net State taxes income.. on Federal Canadian Preferred dividends -The consolidated of as March liabilities to 1 as 2542. of 31, — 169, balance sheet of the company shows, current assets 1949 of The current ratio at with 4.91 to Dec. at and its subsidiaries $10,866,919 31, 1 SO.49 ; March 31, and 1949 1948.—V. the N. Deggeller, resignation April 30.—V. of 169, 177,000 ■ Gross The by Net from Net ry. 1902, after President, Charles p. H. on May $0.54 1 - " $0.62 announced charges Schimpff, Vice-President, ry. of & 1949 1948 $2,776,658 $2,907,877 $1.74 taxes $1.82 1946 $2,460,698 $2,024,146 '$2,712,555 440,145 297.209 408,546 "117,551 175,797 "31,409 103,699 "387,934 railway income:— • 1— railway:—. 7,763.193 8,069,937 6,942,273 been completed of J.— the new, 'modern the building, in Teterboro, N. J., to extend the service corporation in eastern United States. The Austin Co., Handled within both design and construction of these miles 16 f New York City. Exact new location equipment of cars. a face P facilities, and land purchase parking permanent masonry type, with Rail service will be over & new H facility customers will to area involved about 8V2 brick. This to and The enable the the office the spur is throughout the eastern at 1,233,996 1,085,052 985,755 799,022 income— 454,837 170,674 93,527 36,750 oper. "Deficit.—V. area. coiner The 169, p. 1668. Co.—Registers With SEC— 29, filed a registration statement- with the SEC covering 1,200,000 shares of Common Stock (no par) to offer to eligible employees of the company and certain employees of subsid¬ iaries floor for space over Construction is of finished the enlarge Erie its in RR. service company, under its April Employees' Common Stock Subscription Plan of 100% and share per Illinois National of com¬ Bank Trust & t . Redemption— interest. Payment corporate corporation trUstee, Trust Cleveland will 115 Co., be made at West 16 • Monroe- Wall Street, office stockholders G. the of May demanded 4 meeting on the loan government a Washington, on May 4. Reconstruction previous several passed Finance Corpora¬ officials. liquidation day, of C., loan, D. The by Federal Government on stormy a ' on in Cleveland, Ohio, decision a hinges consideration reported in neth quarter Donald, this of President, year.—V. of ■;1. com¬ which at the Ken¬ reported 169, loss a $646,000 of for the first 6. p. (Iowa) Telephone Co.—Files— company $65,000 for April on filed 22 letter of a notification with the SEC 4Vn first mortgage bonds, series C, due April 1, 1969. Wachob-Bender Corp., Omaha. Neb. Proceeds will be used plant extensions capital.—V. and betterments Kansas Oklahoma & Gulf Gross ry. from ry. —V. working 1947 1946 $466,678 252,672 $472,100 200,168 223,915 railway— $310,625 100,991 94,600 67,239 124,535 41,556 1,473,869 694,435 1,390,307 623,152 1,244,482 672,819 909,418 402,649 289,410 237,025 322,780 182,129 income— oper. Net additional '1948 $493,729 railway- 1— from Net for Ry.—Earnings-^ 1949 from from and 166, p. 372. March— railway railway income oper. 169, p. 1452. an underwriting group which of¬ issue of $10,000,000 first mortgage bonds, 27/s% series due 1979 at IOIV2 and interest to yield approximately 2.80% to maturity. Bonds are dated April 1, 1949; due April 1, 1979. fered The filed The by offer amendment. is not they are issue officers 6 new a awarded was received were the at sale May for 4 on the a of bid bends as 100.82. 2%s as Six other bids, follows: Glore, Halsey, Stuart & Co. Inc., 100.6077; Harriman Ripley & Co., Inc., 100.471; White, Weld & Co., 100.3475; Blyth & Co., Inc., 100.419; Equitable Securities Corp., 100.09. 100.625; & Co., PURPOSE—The the for net proceeds will be added to the general funds of reimburse the company's treasury for meeting, in part, the proposed additions to property and facilities, and for other and used, company in part, to capital expenditures previously made and costs of corporate purposes. CONSTRUCTION PROGRAM—Company estimates that it will expend with its construction program approximately $24,000,000 in' connection ending Dec. 31., 1950. Approximately $15,expenditures will be used for 1949 construction as during the two-year period 915,000 of such follows: Electric extended to directors of the company (whether or, employees). The purpose of the plan is to employees to acquire a proprietary interest in the company through stock ownership and to pay for such shares by the accumu¬ lation of the purchase price through wage or salary deductions over a four-year period beginning July 1, 1949. The plan is to be voted on at' a stockholders meeting scheduled for May 12, 1949.—V. 169, p. 1668. not Corp. headed May Forgan 1949. Net proceeds received by the company from such sale over the period during which payment for the shares may be made will be added to general funds and used with other cash funds for general corporate purposes. No underwriting is involved. The subscription price is to be projection to the accommodate acres. tracks corporation facilities Chicago, larger quarters, and of Huyler and North, about 300 feet off of Highway 6. The new building will provide over 14,000 sq. feet of 400 warehouse at Savings Bank, under following 6,114,052 railway—— effective office and xrf has 98.4c City Co.—Partial this awaiting Boston 1947 1948 $2,627,692 - International Harvester Construction & of pany 1779. Office Building at Teterboro, N. approximately bonds, 3% series, due 1978, are now exchange for temporary bonds at The Chase of New York, 43 Exchange Place, New in the 1961. now From Jan. * Harnischfeger Corp.—Erecting Modern Warehouse and been Heintz Precision Industries, Inc.—Awaits RFC local is Gross share railway from from Net acceptance 1, & Net " " 1949 oper. Net 3 the dis¬ months 12 1668. From Jan. .V: Resigns—- to the mortgage of Trust fate the tion, 180,000 Rayon Corp.—Earnings- common from 4 80 pp. credit due called for redemption on June 1, next, through op¬ sinking fund, $50,000 of first mortgage 4% bonds, series the $1,500,000 $284,659 ! March- current was 168 ' . Harbor Plywood Corp.—Official ,Martin 2686. p. tax or 37,515 International Great Northern RR.—Earnings: Gross * per this otherwise $371,000 paid includes 1949 31, Kansas Power & Light Co.—Bonds Offered—The First 90*000 — common stock $2,264,143. compared $502,174 §251,199 taxes. share—: income Without of debt on Chicago, 111., or at the Banker? York, rN. Y.—V. 167, p. 2031. Jack 39 246 ; share of per inc. Quarter Ended March 31— Net expense 1948. have delivery Jan. Net Earned reorganization and Loan—Reports Loss for Quarter— $214,102 _____ Common dividends Earnings and 1948 $467,350 ___; plants— ' Industrial —V. earnings first Underwriter, 39,151 etc.—. for 120,353 , of Harris for 1949 depreciation, profit 193,050 and would Jefferson of taxes—527 505 Depreciation Federal before p. March company has due New 169, p. 1780 depreciation 167, ended "$963,279 ________ for $4,754,754 31, Iowa Electric The 346,305 - ____ - Provision MONTHS 3 March $1.23 months 12 from discount debt on $0.27 the credit tax N. Y., or at the Continental Co., Chicago, 111.—V.-169, p. 1780. .5,171,220 charges—. per on for $5,511,477 4,862,138 3 Months Ended March 31— Net 1,117,581 "$1,846,855 York, 1949 ___ " shares Bank $0.80 Industrial Brownhoist Corp.—Earnings— —V. RESULTS MARCH — 104,577 $2,822,251 324,227 $6,133,826 _______ deductions income Earned Subs.)—Earnings— 51,555 $2,964,436 Street, rents _——_ income fixed Total Net Hammermill Paper Co. (& share for $3,490,790 265,347 taxes— Provision company's gross 19,634 $718,999 1948 V . 1,677,952 income- oper. "Deficit.—V. 3%% bonds due 1976 at finance of Several Gulf Public Service Co.—Bonds Placed Privately—The company recently placed privately $1,000,000 first mort¬ to $2,717,-374 stock. The gage 74,348 $2,912,881 $408,952 per Definitive 1452. p. 178,612 $700,365 Definitive Bonds Ready— 1,984,153 1,673,845 58,539 $719,364 $722,053 from earnings RR.—Earnings ' faoil. 995,863 434,469 $1,858,077 ry. opers. Other inco me "944,440 , . . "Deficit—V, jt. & Miscell. railway... railway..... income 183,198 $2,136,631 accruals— tax 1,186,842 2.729 estimated an 433,958 1943 1— oper. fr. rev. 265,124 in- income 203,985 1949—Month—1948 revenues- expenses. 915,261 333,510 _j com. * oper. 729,625 1,028,568 186,441 stockholders 1947 722,775 income net eration • oper. Equip. ,1948 $6,266,620 . - income.. 1 Railway Net RR.—Earnings— 1°49 - 268. : p. Railway 498 p. 987,188 148,786 236,429 in- 1,500,000 the invest¬ 4,036,176 313,141 Earnings A, .03 Ry. & 166, 1949—12 Mos.—1948 ',$2,871,847 $11,658,714 $10,449,285 969,485 income charged share Indiana Harbor Belt new 4,652,701 1 income 147,996 ..13 dividends represent profits.—V. * & the place 1780. p. 328,230 income write-off $0.65 charges after to 169, 169,644 t available Period End. Mar. 31— meant Other 197,000 Refrigerator Co.—Earnings-r— common taken 280,974 state Operating $1,588,777 $3,271,885 per assets 258,281 than and 124,815 — earnings the Farnsworth by pur¬ taxes $1,580,897 .16 .07 dividends net railway...... from Net Sales * extra dividend. from Net Earned .05 oper, From Jan. Net .15 Capehart- of acquire 1,134,374 A_ taxes come 9,494,450 • Hussmann .06 . $3,259,965 . . other Taxes 247,341 charges. Quarter Ended Mardh 31— be porduction.—V. 1949—3 Mos.—1948 _ gas Depreciation Net 603. p. will to approved as steps full resale National .19 .03 is 10.469,408 84,483 .■ 169, formation the subsidiary Corp., 1,311,751 Maintenance Gross - .07 •08 that in 3i— revenue chased for 1947 .17' .08 income .03 dividend" Operating "$404,477 "Deficit..—V. .... Radio & announced immediately 207,500 old-age .taxes. and announced 4 wholly-owned a Interstate Power Co. (& Subs.)—Earnings— 187,435 .07 "regular 169, $12,050,305 $11,083,227 162,245 .22 , also was Period End. Mar. ".20 ..... one-cent 1948 ! taxes .09 - outstanding.—V. $277,027 charges .09 Gulf Mobile Net i. -come .03 lated, undistributed Gross S. Depreciation and depletion ........ stock 1949 _______ Fixed Utilities March—: -1 Not revenues Corp.—Forms -Earnings— Other taxes 2 as Television "The .19 Petroleum income. this $7,964,585 .13 - Tabacco of 7,687,558 .10 Pteel shares revenues .26 company May on Corp. Telegraph & Farnsworth Assets— Co.—Listing— Expenses .10 Railroad stock It company .18 - Telephone corporation Federal 50,000 is liquidation on the Operation will be used for capital purposes. 'Quarters Ended March 31— Gross .10 equipment tax, ( Proceeds value asset corporation in companies not listed of income Unemployment .... Railroad .bond income (estimated), net of realizable values stockholders. $1.30 $4/25 preferred stock,- no par value, has been, listed Stock Exchange and was admitted to trading on are .03 ....... $15,386,649 $1,111,363; Federal 2685. p. .09 bond This Deductions .14 machinery Railroad statement of investment Farnsworth ' 1667. .12 , 3,040,863 other income and $1,139,592; provi¬ $426,500; net income for income, Hudson Coal Co. (& Subs.)- .07 Merchandising Mining "Includes York There U. priced NOTF—By New 29. .22 equipment Investing ment company's the .10 administered low tax 8,399 $4,758,103 not presented as a rep¬ particularly in view of mining ventures and in securities of Canadian on the New York Stock Exchange or New York Curb Exchange. The corporation's businesses primarily the search for the development and financing of mineral properties, and funds of the corporation not currently required for these purposes are placed from time to time principally in secur.ties of mining, oil and related industries.—V. 168,p. 2543. come .14 General bond ; operating income 144,765 —______ Unit to Acquire 118,272 yrs.__ of year $16,536,922 share—$1.78 income before Federal .07 ... Institutional prior close Hooker Electrochemical p. $0.18 V... Industrial at common share, without underwriting. —V. 167, p. 1809. to First Half .09 —— Fully applic. to $2,635,161 developments and 15,602,815 $19,261,648 $18,427,512 the on 31, $0.09 Chemical Food wages $l;074,952; for April Quarter Automobile Electrical =_ The company on April 25 filed a letter of notification with the SEC for 25,000 shares of 5% convertible preferred, to be offered at $10 per Total for Agricultural Building 15,386,649 ____ : Hemisphere International Corp., New Orleans—Files— ' 13,420 For Second ' Aviation 1,670.000 $2,824,698 2,606,454 suplus expenses, 13, 1343: ; « above heavy of' Farnsworth per 'The 21 shares of 2,341,500 .The consolidated statement of income for the quarter ending April 2, follows: Net sales, $13,534,149; cost of products sold, $11,094,264; provision for depreciation, $253,570; selling, general and administrative on The $4,494,698 The 694,343 132,385 Group Securities, Inc.—2nd Quarter Dividends— various year i. 593 . 1949 1667. p. of ventures charges Electricity and 1947 - Prom Jan. 1— Net beginning vacation Balance 63,207 "1,108,052 $295,607 railway.... surplus Prov. 1S48 railway oper. $5,216,499 * (estimated i_. RR.—Earnings- 1.949 from tax_ tax 1,675,909 31, 1949, as determined by ■'!•.' 1 , advances to affiliates—_________ and in mining resentation the $3,874,999 quarter, $713,092.—V. 168, Green Bay & Western from 194,102 ' year charges^ $28,228; March— Net $4,300,596 126,346 dividends sion Gross for -surplus . 1561. p income income Directors— Total $13,289,336 From Jan. 1— Gross Other 4,011,653 1 income for provision 852,261 $6,090,153 _ Federal Cash $16,173,192 $15,099,423 $13,054,368 2,737.333 1,990,901 1,476,432 936,631 214,954 150,923 _ 1,046,651' values.at March fair on Deferred 48.984,406 4,327,220 charges before. Federal for less and on International . Gross' from Net Total Great Northern Ry.—Earnings Net Income payable Advances: Investments Mar. 27,'48 ' and and Board of 50,667,765 - income income less receivables qouted market values at March 31, 1949— Securities on domestic or foreign exchanges Other securities having over-the-counter quotations—, $62,131,789 $58,148,916 ,___ —— - Balance 1452. p. Based Based April 2,'49 • 1 depreciation.general and admin, expenses Operating Other of $292,865 $8.71 "179,012 654,345 > . for Provision railway oper. $11.94 shares 7,535,000 1947 1— irom Net RR.—Earnings ■.< j. —2 products sold.^-u and Investments 2,564,364 v':.i Provision 1948 income Jan. 3,481,123 285,219 on proximately Cash 1947 942. p. Years Ended— bonds the company $4,147,000 railway oper. Prom share President, on April 27 said in part: 1949, the net asset value of the 489,973 shares of this corporation outstanding was $4,758,183 or ap¬ $9.71 per share, calculated as follows: 31, stock $43,995,477 $38,884,434 charges & taxes____ common March common 1948 - F,. MacDonnel, • Hazel-Atlas Glass Co. (& Sub.)—Earnings— - 1956. $3,923,000 railway—__ '■ 7 International Mining Corp.—Net Asset Value— G. At YEARS CALENDAR _• 168, pur¬ of " the" sale and provide p. profit after FOR V.'V - - . sales Net ;i company. (1991) ■ and was originally 1884, common 1949 from ' Net Earned The to of 1952, inclusive, and $58,000 in proceeds a 1951, the unsecured they as shall amounts in its the RESULTS com¬ by Selling, Gross manufactured' by products established in was CHRONICLE FINANCIAL & Harnischfeger Corp." P & H derived from always been the standard trademark for all name,.-has out¬ the with demand upon event on Co.. Salter B, $50,000 to the its obligations following 1950, 1953 be issued are agreement an stock, in company, H. the years will shares 4,075 into common Manufacturing that of excess the the meeting provides chase entered the • in Glauber has known C;i'.V ,v"v,. ' consists of 20,000 shares of'i capital which of adidtional directors assistance able $10) Salter purchase need each mentioned. COMMERCIAL The Harnischfeger Corp. as the Pawling & not corporations common I THE Number 4801 Gas or .In have of order to 1979 1950 of Department —— Department Other enable to obtain series — Departments and General Plant complete in such securities of a 8,025,000 455,000 program the company will proceeds from the sale of the bond* construction addition to the approximately $7,435,000 $8,000,000 type not now through determined. the sale sometime in 8 (1992) THE CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING Authorized . bonds, 3Vi% 1st mtge. bonds, 27/s% Preferred 4 Vz % stock (par ser., due 1969 $26,500,000 ser., due 1979 $100) (par $5) \ 5% •It stock 138,628 shs. is expected 138,576 shs. J stock During the ment 26,450 shs. the the year agreement $1,000,000 credit in a company to are the draw may which of $5,000,000, against 15, 1949. Borrowings under 31, 1949. Company borrowed amount until Sept. mature thereunder total on was Dec. repaid Dec. on 31, loans no presently outstanding and the company making any further borrowings thereunder. plate On March 25, 1949, the subsidiary borrowed Savings Bank, Chicago, $250,000 on bearing interest at the rate of 2J/8% There not AND 1.924. State Kansas. of Company is incorporated was engaged primarily in in the mission plied to of trie supplies It owns 73.93% electric is of the located service to 255 voting at securities Lawrence, communities of 33,000 volts the of Kansas. in north¬ the an are at transmission trans¬ and provides retail electric service to 68 communities, incorporated and 24 unincorporated. It provides elec- ■ wholesale to four municipalities, six rural electric co- £ lines of 33,000 volts or its and over local UNDERWRITERS—The names of the several underwriters and the principal amounts to be purchased by them, are as follows: respective First Poston Corp $4,150,000 Harris, Hall & Co. (Inc.) Co Shields & Putnam Stern & 169, & Maynard H. Murch & Co. 1,500,000 Stroud 1,000,000 1,000,000 Co Brothers —•V. Co.__ & $500,000 500 000 Company, Inc. Beecroft, Cole & Co Estes & Co., Inc. was awarded May 3 on bid a Securities Corp. bid 102.141 of these for Dated May 100.5799. Other bids, 1, 1949; due May 1, 1979. Joseph C. Kennedy, New York. primarily The be bonds Trustees: added funds for the cost of extensions, properties of the company. pay 3%'s. as Bankers It °nd series with of the 31, notes of the its 1956. fts to construction amount to to $1,360,000 substations) from proceeds of present notes cash the payable of to banks, cash outstanding securities banks. Prior the articles stock to, or will, will the be incorporation consist Pursuant • of outstanding shares outstanding & by first of solely to 6% stock cumulative Gas & Total $3,283,484 131,036 equal —V. mon to, company stock Hornblower & Gross (G. ... J. J. 150,000 B. Hilliard & Son_ W. L. Lyons & Co 150,000 1949 from Net gold in a L. ry. Gross railway.— as 242,359 income. oper. •811,349 will will show Keystone Funds at market values increase an of on $5,193,500 from •Deficit.—V. 169, 10,925,933 :_ of Co. 31, Fund's The Gross due Net output •1,129,009 •229.G87 344,590 1,154,654 •3,332,860 •2,739,840 *2,003,812 *930,505 1670. p. $25) (par as to the Net ry. previous shares fiscal 31, $19,824,886 —V. During the increased to outstanding . share equal to $25.06 to a given said: about up 4% slight increase. in at the share per annual "Consolidated and it Sales in pairage The number average is meeting, sales estimated for that the the on April first the stores through our sales."—V". Kroger stores of net 27, four income April 23, which 169, p, 1669._ amount but Consolidada, S. A. in or concurrently will capital amend stock with, its will the sale of articles consist (par $25). of the railv/ay—_ 47.078,313 51,386,573 47,424,171 43,952,953 railwayincome— 7,560,057 8,487,529 10.020,328 9,210,751 3,830,028 4,119,845 4,938,380 4,961,953 1563. p. 169, p. 1885. at Distributions 21.34 169, during the 1948 were 24, 15.52 cents;' Aug. connection 14.51-Cent rate as of 14.51 cents from 750,000 President, issuance states of that dividend of cents; 15.03 per cents was the like to Mr. but, based "Final results on that net first for the company has no present plans shares. There are now 672,600 for period last year, McGraw. estimated Net the for for for the quarter of 1949 were ahead of amounted to $5,450,679, according 1949, are not yet ava.lable March, first the profit quarter of for common first when they results the months two first this of of quarter is it year, will 1949 1948," lie said—V. 169, p. Net taxes exceed 1781. income per $2,009,303 share com, through March the over McLellan nine 31, of year.—V. $6,737,678 $3.'75 $1.11 months 1949, sales net the of $272,408,614, were $270,544,357 169, $3.76 the for increase an of nine months first 1115. p. 1949—Month—1943 $4,543,515 $6,764,363 company's current fiscal Stores Co.—April Sales 17.7% Period End. Apr. 30— Sales —V. $2,007,890 $1.11 first the 1949—9 Mos.—1348 $3,347,824 $11,300,947 $11,425,545 1,339,934 4,563,269 4,661,182 1,210,185 the previous fiscal paid 20, 21.34 cents; May Nov. 26, 14.98 cents.— $3,219,488 ____ sales for Net of 1949—3 Mos.—1948 profit after charges Federal Feb. and the additional any shares outstanding. Sales of the company Distribu- American 1949 to American preferred share¬ follows: Financing— with the proposal to increase the authorized common shaves to 1,500,000 shares, which will be acted upon at the stockholders' meeting scheduled for May 16, Max McGraw, stock McKesson & Robbins, Inc.—Earnings— 207, p. 1949—4 Mos.—1948 $0,795,596 $27,729,221 $27,225,501 ' McGraw Electric Co.—No Immediate $1,864,257 distribution 1949—Month—1948 JL—$8,227,282 —V. year, dividend Lake Superior & Ishpeming March— Gross Higher— 1949—3 Mos.—1948 $3,860,545 $11,410,201 $11,399,461 169, p. 1563. Net ry. railway railway- from Net Jan. from Net ry. 1947 $63,089 $49,084 Net •59,213" •54,929 Net income •79,241 •70,618 175,096 135,826 •178,005 •236,767 vJi.,tS4l f "■'54,556 - Quarter Ended March 31— 233,439 •210,686 income— 169, •237,464 -268,613 railway oper. 180,520 •174,911 Prov. •290,840 •229,178 +Net End. April 30— Sales —— 169, $312,945 - 1669. p. 1949—Month—1948 railway railway—.—- $272,235 $1,107,430 $1,029,420 Gross Jan. from —V. & 1947 1946 $324,856 113,966 112,872 59,086 9,583 40,430 39,654 19,621 from income— 873,982 891,014 659,929 156,742 241,471 306,122 190,222 62,177 108,858 64,798 31,622 > 1562. Gross Net from Net ry. series all 1946 $4z9.593 $683,705 $598,450 $574,081 •12,713 211,600 220,359 130,490 5,687 113,943 132,907 83,343 1,420,261 1,880,788 1,476,103 1,510,426 180,684 501,971 383,714 railway—_ 271,417 233,386 securities income— . March— Gross Net from Net ry. railway—. ~ 1947 1946 $6,183,634 1,037,783 1,365,232 1,132,166 $5,572,434 679,889 550,651 596,221 499,481 from Net ry. —V. the 17,332,864 19,404,203 17,859,473 16,054,901 3,000,830 2,754,753 3,307,668 3,302,318 income— 1,310,808 771,895 1,623,892 1,526,669 oper. based are to SO.96 ,747,335 audit the on and year-end adjust¬ shares presently 1,494,668 ' Corp.—Earnings— 1949—3 Mos.—1948 $305,068 1949—9 Mos.—1948 $458,530 $496,441 $663,861 • Federal a on May Court that judgment had been entered against Dynamic Electronics- 4 action combinations Magnavox injunction U. television or sets less at than the dealer. sought was District S. Court by Magnavox for the in suit a Southern filed District March of New 31 York publication of an advertisement by Dynamic Stores listing Magnavox products in a clearance sale of radio-phonographs. In the judgment entered, Dynamic has agreed to refrain from such adver¬ tising in the future and from offering Magnavox products at less than stipulated prices.—V. 169, p. 1885. Manufacturers Capital Corp.—Cambere Vice-President Cambere A. to Co. & has Murray for Also and Ktuger, V. years elected President E. been of . industrial for to the the Monroe Capital its own Vice-President President. in board of :, Corp., Mr. buying Auto Vice-President pa. Manufacturers elected McOonnel, several Mclntyre, companies railway.__ railway— 169, p. subject following 201,971 income— from Net and prices provided for the governing fair trade agreements between and its authorized dealers. The Dynamic store chain is not Stone 1948 $6,891,927 From Jan. 1— Gross in associated $5,773,384 railway— oper. 1,436.090 *$0.34 —_— announced company Ara 1949 from figures 1009. p. authorized in 1453. p. Lehigh Valley RR.—Earnings— of *507,099 stock York, Inc., restraining the Dynamic stores from selling Magna vox retail 246,627 railway—— 169, surplus common reserves radio-phonograph 394,798 132,129 income— •Deficit.—V. of 1947 1— oper. to of dividends ___________ consent New The 1948 railway iiom 948,0C0 .. Magnavox railway- oper. share in tAfter 169, ■ 1949 Jan. 29,000 through Magnavox Co.—Judgment Entered in Suit— Lehigh & New England RR.—Earnings- ry. transferred tThese The by 700,669 March— From tax— 2,384,090 $243,491 railway— from tax 1948 $31,036,273 *803,099 V ." 325,000 per paid taxes —V. $321,934 railway^— p. income income Madison Square Garden 1— oper. 169, Fed. Period Ended February— Net profit after deprec. $230,786 51,032 income oper. From Canadian of tax outstanding.—V. 168, p. 2227. •; from inc. 1949—4 Mos.—1948 Lehigh & Hudson River Ry.—Earnings— March— V 1949 1948 Gross Fed. _. income ments. (M. H.) Lamston, Inc.—April Sales Increased 15%— Period and recovery JEarnings Amount 1669. p. for prov. Federal carryback •Loss. Net and for before 1949 $17,494,063 Estimated railway-— •Deficit.—V. Inc.—Earnings— sales 1946 1— from Net Mack Trucks, 1948 $66,950 •32,to0j •100,950 __ income oper. From Gross RR.—Earnings— 1949 $126,240 from of directors Equipment The . Donner ./' and negotiates the director, formerly of Hayden, Brouwer were Co., a was Monroe, Corp., • operates sale D. Mich., Philadelphia, ^'/.; purchases account, and Cambere department or ,. industrial merger of companies as agent and provides corporation financing. wholly owned subsidiaries: American Separator Co., Inc. Bainbridge, N. Y. and The Cuno Engineering Co., Inc. of Meriden, has It of two Conn. 1669. ^ financing are and Libbey-Owens-Ford Glass Co.—Earnings— follows: as Quarter Ended March 31— Net earnings Earned $10,000,000 505,861 shs. limited 1979 600,000 414,659 Period End. March 31— tion— Net company incorporation solely of 2,001,242 McCrory Stores Corp.—April Sales Increased 21.07%— 1949—16 Wks.—1948 $254,120,927 $246,873,389 operation -Declares preferred share will be paid May 24, holders of record May 13, 1949. A on Feb. 26, last. of Outstanding issuance 1,485,499 Sales Earned A 1,181,758 1,172,214 oper. 169, that during the four weeks ended April 23, 1949 was 2,294, compared with 2,474 during the corresponding period of last year—V. 169, p. 1562. La 1946 $15,423,539- the on stockholders President, be 1947 1— Period End. Apr. 30— . earlier net assets totaled $3,278,162, 128,949 shares then outstanding. year 1948 year. net 1949, income.— oper. from from of RR.—Earnings— 1949 From Jan. Gross according tl60,000shs. maximum (Ky.)—Weekly Output— of railway :_ $15,507,347 $17,520,832 $16,831,917 railway2,410,842 3,178,608 4,052,821 from Kroger Co.—Current Sales Show Slight Increase— Gross 1979, •Unlimited *269,988 9,979,942 from ry. asset value per share amounted to $8.92 a year earlier. High Grade Common Stock Fund SI were the per of the figure over and 1949 of proximately 20% sale the series 1>448,487 37,714,000 Net the Easter season of both years, are up 8%. All reductions in material and manufacturing costs have been passed on to our customers and while we have been operating on a lower gross profit percentage than a year ago this has been more than offset by the increase of ap¬ of company might incur a substantial liability, it is the opinion of tax counsel of the recapitalization and reorganization of the 3% 433,138 this company for the week ended April 30, 1949, kwh., as compared with 36,278,000 kwh. for the corresponding week last year, an increase of 4.0%.—V. 169, p. 1885 totaled Net stock. Co. $3,480,637 317,022 10,107,830 - 11,319,477 Louisville Gas & Electric Co. Electric $22,790,126 were includes its for $3,597,214 V •570,695 »• 1946 1947 $4,025,863 •116,845 March— Kinney Co., Inc.—Sales and Earnings Higher report and 5% ,. ;■ 1P48 $3,723,598 railway railway, from railway ry. oper. income Net 1562. p. Smith, that exchange preferred Electric bonds. will From Jan. 1— 500,000 $2,965,240 the March on R.) months except recapitalization the to shares Under from Net Weeks—$1,000,000 200,000 $173,117,700, number 2,222,217. $25.42 shares so 600,000 requirements of the instrument \inder which such securities the to shares outstanding. A to 169, ry. the with, the recapitalized subscribe unsubscribed Long Island RR.—Earnings- In G. to basis. 9,653 \:v 1669. p. prin¬ Harold E. Wood & Co._ High Return Bond Fund B4 of the assets net Net of tax 1979 stock authorized 10 gain of a close the from from all amended of such mortgage common American Electric bonds, •Unlimited tprior the the of 1949, March on Net company Authorized Common of amounted period 2,564,923 $8.89 be to concurriently company of will $25). 3?.r80 income 1, at 12-month retention and substantially company that the will not result in any such tax liability. The capital securities giving effect to the present the recapitalization and reorganization of the company, May bonds Maynard H. Murch & Co. 2,000,000 assets assets 31, from Act 1st * mtge. 1979 series $167,924,200 reported ry. and subsidiaries Gas net net Net 1979 under Section 11 of the Public Utility Holding of 1935 has had the effect of reducing the tax basis to American Gas & Electric Co. of the securities to be surrendered to the company to approximately $687,000.Although certain rep¬ resentatives of the Bureau of Internal Revenue at informal discussions have intimated that as a result of such reduced tax basis to Amer¬ ican $2,000,000 2,000,000 1949 March Net the company will issue and deliver to American Gas 339,960 shares of common stock in exchange for all disposition Federal the on 3. Total on the the of notes. Net Beane allowed were l-for-4 a that offering will be used to reduce outstanding shorta revolving credit agreement, the company had $63,000,000 of short-term notes outstanding on March 31, 1949.—V. 169, semi-annual May 8,922 000 sale resources to meet the year 1952. bonds, (par Co. and Company on decided March— requirements program $10,659,000. the presently former the company the of its end presently The $1,070,054 $1,517,868 reported on March 31, 1948, it is disclosed by reports of Keystone Funds B4 and SI, made public The number of share-holders of the 10 funds in March of this year reached a new record total of 51,100. treasury " than prepayment the capital stock Electric of of distribution) net through s«rP>s reorganization & Proceeds an all payable authorized company's ccmDany will be used and improvements to the SECURITIES—American Gas and Electric Co. owned reorganized of the over the —V. cost (other company's enable 1979 common the currently through provision for depreciation 1948, its the the program CAPITAL Dec. that the earnings, cost and distribution bonds, after accumulated of $406,784 stockholders share per have unissued. remain 450,363 $569,361 $50 Co. ____-, expected together 457,569 $501*,007 .__ & 31, 377 000 facilities is 494,077 Common at directors 169, p. 1885. March V. Trust the is estimated follows: as (transmi sion Transmission Other 1952 to of additions CONSTRUCTION PROGRAM—-The for the years 1°49 through This estimate is allocated Substations The Keystone Custodian Funds, Inc.—Assets Increased— an remaining proceeds will and together with other funds, stock new $1,520,417 521,229 Brothers Combined 19, was organized in Kentucky July 21, 1919. operating electric utility company and has its principal offices at Ashland, Ky. Company is an integral part of the Central System of American Gas & Electric Co., which Central System has been determined by the SEC to constitute a single integrated utility system under the Public Utility Holding Company Act of 1935. PURPOSE—The net proceeds (estimated $9,989,706) are to be applied, in part, to prepay without premium $5,500,000 of notes payable to banks, due Dec. 31, 1950, representing funds borrowed for construction nurposes, which, excluding accrued interest to date of prepayment, will require $5,500,000. to $864,354 deduct'ns_ interest Fenner —V. COMPANY—Company , 2,548 $1,063,438 Period End. Apr. 23— 194S—4 Wks.—1948 Sales $63,706,365 $63,478,323 3s, were: Halsey, Stuart & Co. Inc., 100.55991; White, Weld & Co., 100.3691; The First Boston C^rn.. 100.319; Shields & Co. and Salomon & Hutzler (jointly), 100.2837. is 3,887 $1,122,236 Glore, Forgan & Co 100,000 s as It $860,466 11,170 basis. Lehman Bros. and $1,052,268 Equitable Securities Corp. 2,000,000 Merrill Lynch, Pierce, v'L'uv/: 1,000,0C0 1885. p. issue Union 310,689 unsubscribed. 250 000 Kentucky & West Virginia Power Co. Inc.—Bonds Of¬ fered—Glore, Forgan & Co. and Lehman Brothers jointly headed an underwriting group which offered publicly May 5 a ne<" issue of $10,000,000 first mtge. bonds 3% series due 1970. The bonds are priced at 100.99 and ac¬ crued interest to yield 2.95% to maturity.The 372,221 UNDERWRITERS—The names of the underwriters and the cipal amount of bonds underwritten by each are as follows: In calendar year 1948, more than 95% of the total energy out¬ put of the company and the subsidiary was generated in plants owned by either of the companies. The annual distribution facilities. the 447,066 ' (which, upon completion of the proposed financing, will constitute all long-term debt outstanding) will be $300,000. The recapitalization and reor¬ ganization of the compay will result in an increase of Federal income taxes, computed at present rates, in the amount of $77,202 on an inter¬ of operatives, and two other electric utility companies through interchange arrangements. In addition, the company and the subsidiary at Dec. 31, 1948, furnished electric service to 13,437 rural customers. The electric system of the subsidiary includes four generating stations with a total capacity of 25,596 kilowatts and approximately 443 circuit miles of For Annual on subsidiary which service 459,751 217,243 29,999 29,987 income Kansas over, and 13 generating stations capacity of 146,016 kilowatts. Retail electric service is sup¬ 132 incorporated and 108 unincorporated communities. a The & in the pur¬ entirely within central portions of the State of Kansas 'through system, including apprcximately 1,450 circuit miles lines having 502,123 248,278 $1,092,249 income Net generation, and connected 44 Trust promissory note payable on Dec. 20, annum BUSINESS—Company Company subsidiary, whose principal office eastern are contem¬ Harris transmission, distribution and sale of electric energy and chase, transmi" sion, distribution and sale of natural gas the 212,950 585,963 company has announced nearly 99% of its offering of 784,235 shares of ($25 par) common to stockholders has been subscribed. Total subscriptions were for 774,582 shares, leaving 9,653 shares Louisville & Nashville COMPANY March, 1948. does from 1949. in 304,572 507,708 income unsecured an per : ~ ■ income____ Total connection $10), providing for 2,765,615 357,824 income Gross •" --- its which 3,202,340 263,575 tax taxes Other 1948 the company sold 500,000 shares of its common and 700,000 shares of its common stock (par $5), bo parent at an aggregate price of $8,500,000. During the same period ttoe company and Bankers Trust Co., New York, entered into an agree¬ (par 3,888,465 $6,500,000 with the proposed merger or and the subsidiary, the presently author¬ the company will be increased and reclassified. of $5,514,118 term 26,450 shs. in The $5,449,006 369,310 tax profits exc. Other of the company common stock Federal Monday, May 9, 1949 Liggett & Myers Tobacco Co.—Stock Subscriptions— 1945 1946 $6,636,161 688,235 Operating 68,865 shs. ._ that, _ income 3,800,000 shs. $100)_________ preferred stock consolidation ized (par _ _ 1947 $7,825,609 4,808,154 359,950 — Depreciation Federal Kansas Electric Power Co.: 1st mtge. bonds, series A, 3Vz%, due Dec. 1. 1966 $10,000,000 Preferred Maintenance 10,000,000 4,000,000 shs. . __ CHRONICLE EARNINGS FOR CALENDAR YEARS OF revenues Operation 200,000 shs. — stock Operating $24,523,000 10,000,000 ___ FINANCIAL 1948 3 series 'Common SUMMARY & Outstanding Kansas Power & Light Co.: 1st mtge. COMMERCIAL by the are issued. series bonds, so shares that of its com¬ per after common 1949 taxes estimated ment as and/or for Sales the in Federal taxes. excessive year cost 1948 *$3,895,761 share $3,156,532 $1.52 $1.24 — •After charges of $679,207 for depreciation, administrative,, sales, research and development for Mar-Tex Realization Corp.—Files With SEC— The of special new $2,380,531 expense, charge facilities for was for at general and $3,678,075 property the replace¬ same rate 1948. the first quarter of 1949 exceeded the business of the same last year and also the final quarter of 1948, John D. Biggers, President, reported.—V. 169, p. 1115. quarter The company on April 28 filed a letter of notification with the SEC for 35,000 shares of common stock, to be offered at market. Under¬ writers, Chas. B. White Co., Houston; First Southwest Co. and Rauscher Pierce & Co., Dallas. Proceeds go to Bennett L. Wooley, a stockholder. Marshall Field & Co.—Earnings— Three Months Ended March 31— Net Net Net Net sales 1949 income per preferred income per com. share share, after pfd. dividends $45,007,964 1948 772,288 ; income $48,469,895 1,813,562 $5.15 $12.09 $0.32 $0.85 Volume Hughston M. McBain, President, at the annual meeting on April 26 said in part: "For the first-quarter of the year, net sales volume was 7.1 % in the r , in profit 169, •'» Net 93,640 $0.48 ■ sales. March affected SEC borrow to gas November.. the will and March— pre-Easter retail Net - from Net ry. "■£ Gross continue Floor, has as Merchandise Krogh, elected been from Net ry. Gross 9,343 36,436 514,731 488,786 201,786 93,628 394,466 101,554 38,869 income oper. 170,360 62,871 ry. McBain Mr. well under said '' , the Field establishment in Europe to be he expects incor.ie.__ ' oper. "Deficit.—V. 1C9, 333,543 ry. written, in. 1947. - . interest,- dividends and rents earned for 1948 totaled $1,258,613, ol $192,666 from the figure for the previous year. Net increase income oper. 169, . p. —V. admitted and States before operations assets increase an were the year. $3,867,184 Bonds Government for $48,823,859, a new Cash and United Mfg. Co. and voluntary reserve, was $13,387,328.—V. 167, p. 747. from Net ry. , . ... railway railway from Net From Jar.. from on shares April ($1 —V. Merck & Co., Inc.—Registrar Hanover transfer Bank registrar Central appointed and for agent & 160, p. 329. stock, from Net ry. New value. See $4 V. 169. $178,230 54,714 20,809 . from Gross from ry. —V. ; ■'/ 509,954 146,498 49,454 • income before $17,996,506 _ income Federal income $16,938,964 $12,124,238 3,624,846 3,912,482 3,570,705 1,377,997 revenues Profit 1,486,743' 1,356,868 taxes taxes— from Net Net ry. profit $2,246,849 645,000 outstanding $2,213,837 645,000 $3.43 $2,425,739 $3.48 — — shares $3.76 Earnings per share 645.000 169, t income Net from ry. 19,229,227 railway income 4,340,859 1,351,270 1886. stockholders been The slate new 22, had of April after receive board greater directors. of The May 4 when meeting had Members is composed the of 13 nominees of an of the reached of votes showed the committee's nominees number of votes than the management's and eight of determined was by nominees comnromise a the of composite slate have they Intend declared to Sol they P. said have An Fink, the after $5,055,313 408,925 442,369 "45,792 17,664,319 1,398,207 1,118,093 15,307,373 3,244,158 1,108,974 14,838,324 3,324,323 1,307,028 directors' meeting will held be May from Gross Net from Net ry. —V. Oper. 169, trustee 162, p. Trust Co., New York, N. Y„ income Operating 25-year 2J/2% refunding mortgage bonds, due 12. 12 Months Ended March 31— 1949 revenue—gas purchased resale.. Amort, of _ „— utility plant local, acquisition and miscell. income tax Federal adjustments^ Earned —V. Other income Gross Total income income Net (net) income deductions income 169, p. 1335, ; taxes — - 107,147 210,000 210,000 $0.51 $0.56 share per 117,731 March— ry. 1948 "93,762 $501,591 173,180 "21,507 oper. 1,758,211 674,804 46,991 1,949,357 860.460 * 209,633 1 income—_ From Jan. 1— Gross from ry. railway railway Monroe ... income oper. • 1946 . 169, p. 1671. v. , i//: 1,982,887 1,034,828 437,332 1,814,979 882,567 401,092 application, to be held in its Chicago Regional Office on July 13. According to the application, there were outstanding on March 1 15,532 shares cf preferred and 84,325 shares of common stock. Of 64,399 57,428 2,936,195 officers 453,116 323,504 $6,737,709 $2,984,162 1,960,948 1,407,615 $1,576,547 i j. . ■ . - the common shares, and 419 different different 64,089 shares directors persons. of the this Co.—Earnings 1949—3 Mos.—1948 $17,295,064 25,193 68,812 77,933 $5,964,476 $19,505,743 4,558,688 15;704,562 $17,217,132 13,667,807 , $6,557,219 5,355,984 _ 653,394 1947, ' 119, ; • 721,907 - $547,841 2,057,492 " $S83,881 1,931,830 $1,743,689 ' $1,617,495 1,186,263 1,122,668 • 346,300 509,451 ry. railway . / $3,116,647 555,899 railway ____• oper, income—J ; ; . 1948 , $2,723,306 $2,661,414 491,143 "322,155 , 294,712 197,456 '165,998 f" "538,048 8,122,421 8,889,228 7,565,514 7,446,389 railway— 1,732,350 1,521,155 1,252,809 -389,110 income— 794,769 542,667 452,513 "60,591 From Jan. from . //" 1— from ry. 1947 1948 $2,871,725 667,966 : from Net 1949 . from Net railway oper. - 1671. National Casualty Co., Detroit, April 26 letter a Mich.—Filing— notification of 3,500 shares of capital stock, to with filed was Continental of Casualty Co. the SEC for be offered at $27 per share, for benefit Underwriter, Geyer & Co., Inc.—V. 167, 1473. p. corporation, it was announced May 4, has sold to The Metropolitan Life Insurance Co. $6,000,000 4% notes, due May 1, 1964. The sale was negotiated by Van Alstyne, Noel & Co. Proceeds from the sale of these securities capital. Debentures Called— / All of the 1, 1959, sinking fund debentures due redemption on June 6, next, at will be made at the Marine Midland Trust Co. of New York, 120 Brcadway, New York, N. Y., of the full redemption price.—V. 169, p. 9 and outstanding have interest. National 15-year 5% been called Immediate Distillers for payment Products Corp.—Trustee, Etc.— Bankers The Trust Co., New York, N. Y., has been appointed paying agent and registrar for $40,000,000 37/s% sinking fund debentures due April 1, See offering in V 1974. 169, p. 1887. Chairman Elected for New Chemical Unit— election chief is the F. B. Executive the of member New Products Corp. Jr. as Chairman of the Board of Na¬ Corp., the new chemical subsidiary, was Davis was formerly Chairman of the board, Mr. officer and the of Davis, Chemical May 5. on Director a Trustee tillers of Distillers York and United the of Trust the of States finance Co., Rubber Equitable Co., commitee. Director a Life of He which: of is also National Assurance a Dis¬ Society of United States. Seton Porter, President National of unit of National Distillers Products Corp., is Chemical Distillers John are: K. Other Corp. officers also of the Motfett, which initially will manufacture me-i*; incorporated in January this year. on a $10,000,060 plant for the chemical corporation in Ashtabula, Ohio. It is expected that this plant, which will have.a rated capacity of 18,000 tons of metallic sodium and 27,000 tons of chlorine annually, will be in operation by mid-1950. Principal offices of National Distillers Chemical Corporation are at 120 Broadway, New York, N. Y.—V. 169, p. 1887. tallic new chemical sodium Construction and is subsidiary, chlorine, now in was progress (& Subs.)—Earnings— (approximately 75%) were owned by and the balance was owned by stock was said to be owned by persons. 2,250 common Net sales to 1949 1948 $40,400,724 " , customers.. Cost of manufactured Selling, administrative Gross Other purchased goods—_ and $31,196,957 30,378,731 24,729,016 4,910,769 4,305,638 $5,111,225 and general expenses profit $2,162,302 174,595 - 82,733 $5,285,820 income $2,245,035 company The preferred shares and 400 '/".'■■■■J:-- ■ income Total Prov. 225,543 for Fed., State and net Consolidated Balance surplus Total foreign taxes on income 1 - Dividends on 4'/2% on common surplus 207,113 800,000 $1,237,923 15,856,991 25,946,903 surplus Jan. Dividends Balance inc.. 2,000,000 $3,060,277 deductions Other > preferred shares were traded, while in 1948 1,710 common shares and 400 preferred shares were traded. • During the same years, 1,437 common shares and 1,072 preferred shares were traded in the over-the-counter market. The management believes "that the purchase and sale of its preferred and common stocks may be adequately handled in the over-thecounter market.". The Chicago Stock Exchange has waived a require¬ ment of its rules which would have made withdrawal of the securities conditioned upon approval of the holders of the securities.—V. 151, p. 2153. of 1980.—V. $5,989,669 $19,574,555 / 23,229 rev._ National Supply Co. has made application to the SEC to withdraw its $3.50 cumulative preferrence stock, (no par), from listing and registration on the Chicago Stock Exchange. The SEC has ordered a hearing on the 1,828.221 334,552 / existence 17, company 2,450,820 $2,660,658 of Jan. , Chemical Co.—+Would Delist Stock— 2,729.166 $6,284,593 >' ' ' . term Nashville Chattanooga & St. Louis Ry.—Earnings— March—, The $748,437 $623,067 413,534 300,465 205,233 ' 7 138,307 • from Net 1947 1949 . railway railway 9,396,459 , the until or Vice-President: T. A. Clark, Secretary and Treasurer and P. J. Ferrara, Assistant Vice-President. $406,311 85,516 . from from r Articles of : the 1671. President 20,457,170 $4j776,761 extend 1919—Month—1948 chargfes chemical The 1,977,913 ; to years, $6,580,448 ____ income—.. 169, p. he $1,665,955 169, p. 1781. In Operating 30 expenses after and 1948 1949 15,817,889 3,147,975 taxes payable voted taxes announced $1,841,848 318 Federal 42,653,368 9,021,715 4,672,596 9,025,486 —— Depreciation State, 47,742,531 12,156,534 6,192,614 2,051,859 for _——— Maintenance April 26 on 3 Months Ended March 31— 1948 $41,099,280 $40,121,503 —_ oper. oper. The No. of common shares—— Net for the Michigan Consolidated Gas Co. (& Sub.)—Earnings— Operation ' 50,481,872 9,459,458 3,913,344 1886. p. "Deficit.—V. Operating 50,702,691 10,898,970 5,374,694 railway railway sales Net appointed has been revenues Operating trustee, Net profit after charges & . Manufacturers 1970.—V. income 1— Quarter Ended March 31— Net Gross Metropolitan Club, Inc.—Successor Trustee— successor 1946 1947 1948 1949 oper. Net The also another revenues tional also See 9. for Uncollectible $17,755,769 $17,391,706 $16,397,330 $14,545,571 4,216,077 3,418,853 3,993,251 787.976 2,149,367 1,577,160 1,890,753 .' 97,410 railway railway.— oper. v",' '•//_ ; ./•.. meeting hold , Operating April . Monongahela Ry.—Earnings— 1781. p. ry. been before." ever organizational 169, Net elect Chairman of the independent committee and a meeting: "We plan no change in policy. The prospects of the company in its long-range program are brighter than —V. $5,417,142 1,235,366 477,553 ; Monarch Machine Tool Co.—Earnings— Hehry Cotter President to succeed Frederic E. Lyford, whose resignation became effective on May 4. Mr. Cotter is Vice-President of Blythe Brothers Co., a construction firm at Charlotte, N. C. Col. from From Jan. Carl director, Net r , '■'! $6,193,609 1,302,160 v committee division count a "a nominees" corporation was settled on 25. dierctors of stockholders' The this 21-man a from management. April control elected recessed independent Gas 1946 RR.—Earnings— 1 from the in of taxes will be used for additional working railway——— March— for taxes National Container Corp.—Sells Notes Privately—The 1— Missouri Pacific V. 717,439 246,513 115,743 1947 1948 621,810 income "Deficit.—V. 169, p. Gross for stockholders "Deficit.—V. 169, p. RR.—Earnings- $6,696,545 1,779,431 railway oper. $0.24 $200,000 : • railway Jan. of Federal Mountain States Telephone & Telegraph ,$268,637 71,736 29,631 $323,122 147,570 77,756 886,916 392,126 199,571 1,063,075 452,478 224,678 1,071,741 430,917 235,427 1-671. oper. Net Merritt-Cliapmari & Scott Corp.—Directors Elected— contest after • were Period End. Mar. 31— .(,1946 1947 604. p. tAfter ' $0.74 /• amount net and 1946 t$199,459 1336. p. 105 —V. A The corporation Net $365,575 139,750 68,924 1949 from Gross Net the Inventory depreciation, . outstanding, with 1.000.000 shares authorized. On railway— p. from From Capital $0.79 in reserve a 1947 "$628,252 , railway oper. 169, Gross Total 379,312 83,344 22,325 478,736 136,683 46,508 1— March— 1947 1948 of $0.78 - -A:, /'v ' 1948 t$670,983 amended to eleminate the authorized preferred^stock, none of which has been outstanding since 1928. The authorized capital *. stock now consists only of common stock of which 845,752 shares are Gross v;-'/ 1948 .1949 Missouri-Kansas-Texas (Including Wholly-Owned Subsidiary) 1949 1949 4 stockholders annual Incorporation $137,036 38,723 17,687 Meredith Publishing Co.—Earnings— 9 Months Ended March 31— $0.61 outstanding preferred stock. on $665,905 share. $498,114. —V. $179,164 46,550 13,664 ( $365,812 136,408 78,861 railway oper. Net 1781. p. requirement 1946 RR.—Earnings— railway.: Jan. From Lawyers Trust Co., shares 70,000 par no 324,026 $0.34 stock common taxes deduction the Gross . from Net preferred after com. per Net 1947 1670. p. Net York, N. Y., has New York, N. Y., as cumulative convertible second Co., -505,006 171,720 51,534 ' income. March— Appointed— Trust railway railway oper. 169, Gross The share of per 1 ' 1—:• Missouri Illinois to be offered common, at $6 per share, without underwriting.—V. been At Net letter of notification with the SEC for Gilbert J. Snyder 18 filed a par) from ry. $210,276 . 62,174 22,797 ' income opev. Net 7,500 general' profit sharing plan. ' Mississippi Central RR.—Earnings— 1949 .i. 1948 Net The company 1 4 March— Gross Mastic Asphalt Corp., South Bend, Ind.—Files— for $2,075,280 ' "397,880 "571,264 $2,641,955 539.230 318,596 Employees Share in — 1948 $6,963,338 190,707 Charter Extension Approved— 1946 1947 1948 • 1949 $6,591,227 • ' surplus .Total surplus to policyholders, including capital of $2,500,000, 150,447 earnings Net assets. of 52.57% were • 174,811 191,746 of Federal at the. close of 1948 of 230,022 174,472 $199,459,' which Included a tax carryback of $432,000. JAfter provision for Federal taxes of $584,736, and inventory contingency of $200,000. 6,740,839 6,788,542 6,691,579 5,584,457 "544,451 "630,642 599,075 "463,643 "1,226,344 "1,289,597 10,263 "936,803 1454. /■./-';//;. /• .J: 1670. 135,629 156,559 future ; 169, p. Gross Total high, ' * by the company under provisions of its v -104,865 „ "After this company's profit sharing plan totaled over $200,000 Tor the first-quarter'of 1949, it was announced on May 3 by W. L. McKnight, President. Profits of $3,000,000, according to the firm's latest report, have reached an unprecedented high level. A total of 6,500 employees at 27 plants and offices located in 15 states received checks. This was the 49th consecutive quarterly payment made income taxes was $871,292. Adding Federal income tax refunds, less taxes incurred, the net gain for the year was $1,287,658, equal to $2.57 per share on the 500,000 outstanding shares. : from gain 56,373 718,709 income—_ possible Employee benefits under reports for 1948 a new high total of $29,759,356 in net and a sharp reduction from the previous year in statutory underwriting loss, which decreased to $387,321 compared with ; Not 820,968 sales Earned 1— railway' railway from ry. 1949 Profits— The company an 647,986 Quarter Ended March 31— 448,615 ' " "38,335 $2,553,590 $2,349,502 -122,526 ~ "106,308 "'83,16G "338,052 income oper. from Gross ."Deficit.—V. 1948— $1,938,734 641,958 75,631 " Moore-Handley Hardware Co., Inc.—Earnings— Net 3,674,427 322,391 4,298,748 1,117,850 railway..—__ "r from Minnesota Mining & premiums 60,973 railway—— amount ' railway from Net Net Insurance Co.—Reports for & 37,167 ;//r Motor Wheel Corp.—Earnings— 1886. p. V" March—' Gross Net fall. Imported goods have played an increasingly: important part in Field.plans since the war, and the current expansion plans will continue that trend, he added.—V. 168, p. 2543. Massachusetts Bonding 40,022 $267,035 1946 $1,284,875 "59,663 "131,886 Minneapolis St. Paul & Sault Ste. Marie Ry.—Earns.— • From Jan. : . by way $1,584,017 476,102 202,436 4,578,021 805,676 291,235 4,655,196 849,920 railway railway from ry. Net will be established in London, Paris, 1 income oper. Net widespread European operations that have characterized the store's activities for over 30 years, with only J; wartime interruptions. This announcement by Mr. McBain was made > simultaneously with the firm's resignation as a member of the foreign buying offices of the Associated Merchandising Corporation.,, Hilton Thorpe prewar head of the Field's European offices, will be¬ come acting Manager. / / •. ivX', . ' "After quarterly dividend —V. 169, p. 1229. 1947 1948 $1,585,972 275,906 90,097 $1,629,021 303,375 122,801 railway railway from Gross " ' 71,752 Net income after taxes— From Jan. 1— Vice-President. • 1946 $255,862 >■• 2,335 railway. oper. "Earned 1S49 from from Net Budget store's 1947/'. $147,137 19,588 Quarter Ended March 31— 169; p. 1453. March— Gross Operations in Near Future— .Major Field offices in Europe ahd other European markets. , $0 84 169, p. 1671. Net Minneapolis & St. Louis Ry.—Earnings— Net from ry. —V. , railway from Net "1,012 1947 $185,854 79,941 1— railway "Deficit.—V. is resuming the company ' ' $172,533 , income— oper. Net 470,320 121,895 27,144 26,690 income opor. from Net To Resume European This ry. 1948 1949 1 , railway railway from Net ',1946 $140,483 16,907 3,542 railway Net Mc¬ be Chicago the of Manager Divisional a will Palmer Mr. 4 274 965 RR.—Earnings— from Net - 1948 $165,976 36,014 1949 $157,596 railway- Jan. From Gross V;; . from Gross was named. Mr. the company's chief administration officer. to successor no 4,274,965,, T, $0.97 _„— From Jan. 1— Midland Valley RR.—Earnings— ; Chairman eliminated • 1454. Montour off-peak months of April be represented by bank notes months.—V. 169, p. 1670. for storage during The borrowings would purchase of maturing in not more than nine L. Palmer, formerly Executive Vice-President, has been President, succeeding Hughston M. McBain, who becomes of the Board. The office of Executive Vice-President was James share 1948 — shares common 169, p. March— Changes in Personnel— Egil per of Consumers Power Co.) has received during 1949 up to $2,200,000 to finance (subsidiary company authorization until satisfactory. us a fairly good in our Fieldcrest Mills Division which declined sharply during the first-quarter, has failed thus far during April to show signs of recovery. Billings con¬ tinue at a slow pace and it «is probable that the results in this division will be unsatisfactory during the months immediately ahead." elected 1949 —$40,893,943 $38,473,744 4,461,608 3,805,588 taxes— Michigan Gas Storage Co.—To Borrow— The in all l ,'/• ; The bulk of our business came in April this year and the volume Protfit for the month in our retail units should give start in the second-quarter. However, sales volume Bain of Earned a adversely after earnings Number 1886. p. Co.—Earnings- Sales —V. disappointing January net income improved during Febru¬ ary and March. In fact March results, except in Fieldcrest Mills, showed marked improvement and did not compare too unfavorably with the same month in 1948, although the late Easter this year "After $1,017,767 9 ' , marked decline in net income. per "Revised.—V. parts of the company, high labor costs and various fixed charges made . the it impossible to reduce them sufficiently for the full quarterly period.-y: to prevent a 91,809 $0.47 Federal income taxes—• common share-——. - after Earnings market where which had obtained over the last three years expenses Net able to reverse the upward "Although by the end of March we were trend industry textile general sales Quarter Ended March 31— "1943 $1,364,363 Net Fieldcrest Mills Division company's the pattern of the activity had begun to decline in 1948. followed Monsanto Chemical 1949 3 Months Ended March 31— Substantially all this decrease ! whose experience similar period in. 1948. under that of the (1993) Michigan Bumper Corp.—Earnings, Etc.— . held occurred CHRONICLE FINANCIAL & COMMERCIAL THE Number 4801 169 cumul. preferred stock stock March $29,007,181 $17,094,914 182,756 185,513 573,784 358,616 $28,250,640 $16,550,785 31 f of America 1 VaVc cerreceivables, $18,379,738; .invenStates United 811,128,473; of indebtedness, $4,000,000; $40,760,324; investments and other assets, $1,974,852; property, and equipment, $28,094,572; deferred charges, $221,832; total, tificates plant , . •' 1'-'•■• ■ • from Net ry. —Year to— —4 Weeks Ended— I 1948 of number 663 to Inc.—April Sales 32.5% Higher— 1949—Month—1948 1949—4 Mos.—1948 ■> $5,236,140 $3,952,025 $16,189,714 $15,115,443 Neisner Brothers, 6aies —V. 169, ; '49 Apia 24, *48 stores Period End. Apr. 30— 1564. p. % *103,312 —V. Net railway 1,644,904 - from, railway— oper. income.!- Net "Deficit.—V. 169, .: 1,622,528 140.293 *96,31). *408,430 *513,005 *257,232 :. The leaseholds thur Dewing, stock Mass., Newton, of Ticonderoga 2,325 non-affiliate, a shares "Net declared an extra dividend of 15 cents per share dividend policy with the declaration of a quarterly per share on the common stock, both payable May 25 to holders of record May 11. Previously the company paid dividends on an irregular basis. . ■ j L The corporation on Jan. 5, last, paid 25 cents per share, which was the same as paid on Jan. 5 and May 28,. 1948.—V. .169, p. 1564. ; Period End. Mar. 31— Oper. and exps. 'Atlas f $2,562,485 $1,147,053 $2,493,059 12,684 43,696 50,861 $1,451,481 $2,575,169 $1,190,749 $2,543,920 314.984 292,766 1,175,279 •'•1,142,838 $1,136,497 income bef. inc. $2,282,403 $15,470 $1,401,082 .,... approp.. income net Electric Association—Output— • Association reports electric output l decrease of 780,990 kwh., or 5.45% belOW • production of 14,321,089 kwh. for the corresponding week a year ago. Gas output for the April 29 week is reported at 163,119.000 cu. ft. This IS a decrease of 11,973,000 cu. ft., or 6.84% below production of 175,092,000 cu. ft. for the corresponding week a year ago.—V. 169, New England Gas & week ended April 29,.this the 13,540,099 kwh. Thig is a 1887. p. •; l >■ . ■ > Jr;;;,,/-.-' ' Gross Net ry. railway—1.!_ 405,519 462,694 income— 177,300 2,495,792 income 250.000 $2,132,403 *$234,530 is .. . .. . Net ferred railway—-—- from ry. 1,057,963 income— 446,611 The directors have ; 169, income holders the following dividendsrfrom v> 11-2S-48 "r" .!:*2-25.-49y: y,\- 5-25-49 $0.10- : Automobile Aviation Building .09 '! $0.12 ..15 .07 .09 supply * .10 } , .07- ! !>■ .12 - :08 .10 .20 - .09 .18 : ; . Net .10 from ■-Gross Net L Net .13 ; Net ry. v Gross •; 1 < .06! j. .17 .02 - • - • ' . . L__ Inv. • Fund Ind. .10 • - Net ry. 953,337 854,327 799(392 —V. i " - 834,314 Net 200% Net * '; .18 £ .19 .04 ■■; v%\." Certificates Of¬ associates won the. award May 5 cf $10,725,000 2%% equipment trust cer¬ tificates, dated May 15, 1949. and due $715,000 annually May 15, 1950-1964. The issue was reoffered immediately,1 subject to ICC approval, at prices to yield from 1.50% to 2.85%, according to maturity. the offering are R. W. in Associated .> Y! • .18 .07 -• .. T.15 - • , Pressprich & Co.; A. G. Becker issue The rate awarded was Salomon were: Inc., and 011 a ■'.. j -22 Other bids for a 2%% 99.0977; Harriman Ripley & Co., (jointly),. 99.027.—V. 169, p. •■ .15 ,13 *23 r- ,:f; 1010. 169,' p. Net ry. v/,15 1949 Net from • 1947 f 64,392 1946 $214,063 67,900 v 95,509 1 Net 81,296 railway from Net oper. ry. —V. 169, p. 50,834 ,125,080 677,218 560,969 169,218 137,022 ry. ' 67,747' 75,197 ' 22,221 75,354 29,153 330,957 256,311 371,099 Hartford RR.—Earnings— 1949—Month—1948 1949—3 Mos.—1948 $12,709,494 $14,910,761 $37,709,097 $41,628,627 30,491,778 35,966,178 2,707,000 3,210,000 863,733 2,119,369 1,374,233 1,434,029 Majr. 31— Taxes • - Ship 44,916 *11,934 income— 169, '.' 1887. p. rents 1,012,000 ry. oper. income Operating 243,477 ! (.Dr) incomeFixed chgs. & cont. int. Net 10,023,591 — facil. Net — 436,500 $993,926 621,901 11,526,010 : 1,070,000 698,048 530,552 $372,025 ,V 79,159 Other than ry. opers.: Non-oper. income (net) 1,857,670 $414,683 80.9 77.3 *$1,100,949 2,012,153 Fixed income chgs & taxes— ■ • • ■■ • - conversions ' 86.4 int. $1,692,333 190,000 153,594 179~792 $52,202 cont. ,') Net $992,223 $585,300 90,000 t$405,508 " ' Other __i— 460,782 54l~019 $341,441 $1,151,319 p. $424,227 income "Deficit, tOf which $279,420 1672. was $814,027 a credit 1,006,073 6,254,414 3,510,080- 4,036,647 3,786,540 this 1,837,414 • . (Minn.)—Weekly Output- for company kwh.. the compared as week with April ended 1949, 30. for kwh. 56.889,000 5.8%.—V. increase of an the: 1887. 169; p. -Earnings1947 1946 ' $627,124 ! $678,431 $592,566 $349,281' *7,712 v* 88,632 110,012 143,228 *164,453: 22,054 65,333 *211,077 1,701,528 1,835,924 1,620,416 *60,396 '222,223 344,678 *365,305. 132,119 *526,600' balance of major contracts $19,634,171 — unbilled 1948 r. $756,124 *$1,961,783 adjustment.—V. 169, i Jlrk *.Ui railway of the $20,779,202 70,522,457 ' -12,174. for the United . the 1949 7, award 1949.':! included not at-a the in basic contract price of $67,350,000 foregoing. statement since it; was subsequent to March 28, 1949. elimination of the award for the After of the company's ' " v— United States the unbilled contracts major award-from -the Unitedof;, a passenger vessel an construction the for States Lines Co. is received company Commission Maritime received the ship was- heavy aircraft earner United States;- work on April on April 23,' 1949 ■; ' was • V%", V;1 '■ V:: frohi" long-term shipbuilding .contracts on the percentage-of-completion basis; such income fof any period Will therefore vary from the billings on the contracts. Billings and^unbilled balances government on which "might —V. feports income company contfacts 169; p. »08. :• • Niagara Hudson Power The are from * statutory result 'J; subject '*278,531 169, 975,856: 1490 p. Rubber Co.—Protective Committee^— protective committee has convertible *36,963 \ debentures, Coffin of formed been to represent of the holders April due & 'v.1:-J ^ Appliance Inc., York—Stock New "'.V'V \ Offered— ibg (as a speculation), at $f.25 stock (par $1). ; and Transfer 1517), New York agent, N. 5, are offershare 25,000 shares o£ per ' " Novel Appliances Inc., Broad St.f. v ■ ■ 20 Y. : . whose principal place of business is at 250 West 57th St., New York manufactures, assembles and sells an unusual dish towel holder,., under the trade name of "E-Z Grip." The holder -is very practical, neat and handy and has unlimited use for facetowels, wash cloths and dish towels in bathrooms, kitchens, nurseries,, company, . suspended by the Department of-the- Navy on April 23, On income... Norwalk Tire & The NOTES—The estimated tion ; ^ railwayL.. Registrar - of close income.. "Deficit.—V. (Room 1,662,940 .^1,337,077 the period. 1_ ——-186,418,421 Number of employees at the close of- the period 10,773 the at profit ,V.;A 'arid present in The a bars and restaurants, • It retails specially designed cellophane container for 50c. and advertising working sold for campaign, capital. approximately $3,000 offices, this financing is to provide funds for of purpose sales and dentists' It repayment of the purpose contemplated is will $1,000 limitation's, v >r':'X'' machinery entire Landi, $7,000 for equipment and the for machinery and painting development of a sales force and working capital; is issue advertising. for balance If the entire issUeproceeds will be used as received for organization expense, repayment of loan, development of a sales force, working, capital and machinery in the order named. K .. - ." is not sold, the , The management director; is C. George ■'f under Baron the direction Renzo and The;total, authorized!capitalization stock mon and of the shares goodwill 20,000 common are warrants corporation has applied to the SEC for a six-months extension.,1 1, 1949, within which to dispose of its interest in Buffalo the organizationexpense,. for to JC} loan $7,000 There Corp.—Asks-Extension^-; if at extensive-, an additional of that be 'used of 5-year It stock outstanding issued of to the C. at "E-Z Grip" cents 5 was Ordered by the Commission in Oct.,:t 1945, and" compliance has been extended -from time to time and was warrant. per • shares the ($1 purchase " ' ' par)'com¬ of 20,000" May 15, 1950. stock and ;, 15,000- shares,, of .-common consideration for in sale; of the 15,000 warrants Co.) par, exercisable only after 5,000 Landi for President and contemplated that Conte and Louis will become addi¬ is Italo is: 100,000 warrants ,. C., Landi, Falco. completion of the present financing, Mattielli (of Ackerman, Conte, Mattielli & tional directors. ■ •; V. ; any" adjustments to repricing 'and doctors upon Nov. product. ' " ~ Mr. „ developmentAand theat a price of ) contemplated Landi after, May 2,' 1949, or op the ■ ...- Such'divestment the to time for .;\:V . .■ •■! ■■ ,■ before the Commission a plan for'; consoli¬ Electric Corp., Central New York .Power Corp. and""New York Power and Light Corp., the major subsidiaries of Niagara Hudson, as well as a plan for dissolution of t Niagara Hudson, which will own all of the common capital stock of ...the expire May dation . is of 1, 1949. Ohio . The pending now Buflalo dated Niagara of , . surviving, single operating company. Briefs and requested findings' in the proceedings on such plans are due to be filed with : theCommission or before May 11. -\% f The SEC has given interested persons until May 11 to request a <• hearing on the application for extension.—V. 169, p. 1887. stockholders which 6% has Gross from Net ry. From The par old shares from par 1948 $757,158 $839,808 $697,286 173,431 228,359 123,968 1946 1947 ; income ■'* . $695,397 - 16,745 60,830 87,463 33,923 *56,969 2,189,493 2.191,813 2,131,880 1,955,641 472,592 424,607 398,107 273,260 157,571 143,717 104,935 37,190 1— Jan. rv.' -Earnings^— 1949 ■ railway oper. Net Ry. railway railway oper. income "Deficit.—V. 169, of been p. : 1673. 10 approved a plan of reorganization provided for the merger with this company Coal & Supply Co., the surviving corporation Ohio River.Sand Co., as authorized an Inc., a new Kentucky corporation, capitalization consisting of 32,235 shares of par $20, and 100,000 shares of common $10. Ohio 7% River first and stock, held par had Co. preferred reacquired preferred Sand issued stock, in $50, par the and as $100, at of Dec. 31, 1948, 9,54T which 5,249 shares shares of 6% treasury,-15,000 36,000 shares of common stock, $1. Under '' railway from Net .' " from Net Southern River cumulative preferred stock, stock. had March on 23, 1947, which subsidiary, be known to • Eiyer Sand * Co.—Plan of Reorganization Approved Nov. its s'ecohd Norfolk Gross Total Operations: Net of 1— oper. common 1,271,506 '949,430 « _—!_ Totals Estimated ; • income 766,795 *1,844,197 30,288,892: Ackerman, Conte, Mattielli & Co., New York, ■ Mar. 28,'49 Mar. 29,'48 $10,640,735 $4,713,551 —_!!___. 6,381,066 13,457,068 repairs." and Three Fiscal Mos. End. - turbines and accessories.. work and operations— March— $295,796 *386,161 1,649,687 33,088,511 '*':*•' *$3,113,102 , Federal 672,381 33,900,601* 1, 1958. Hollis T. Gleason, an Burr, Inc., Boston, Mass., investment bankers, ia Chairman of the committee.—V. 169, p. 1887. 62,907 . $408,519 78.9 — ratio $2,272,353 $1,086,151 677,632 The 1673. p. f Hydraulic There ._ (Dr) rents Equipment Jt. „ from ofticer Newport NeWs Shipbuilding & Dry Dock Co.—Backlog 358,016 Railway Operations: Operating revenue Operating expenses 169, oper. ry. 4% 1,039,348 225,016 railway oper.. • to New York New Haven & ..." , . 1946 1947 1948 32,179,432 railway... Jan. Net A 995,292 Niagara Electric Corp. and subsidiaries thereof. Period End. 1949 ,1949 from Net . "1,303.146 Billings during the period: Shipbuilding contracts ; 177,451 133,802 income— 1672. Aircraft Consolidatcd-Vultee of complete purchase of new Convair to 744,506 income.—- railway.._. Novel ; 560,935 262,858 railway from Gross Net 26,131 717,101 oper. income.— From Jan. 1— ry. The 1— tv $383,179 138,766 ' ' 42,490 120,514 175,625 80,926 1 1946 1947 $490,606 " ' $367,765 $412,123 t railway—' 1,179',743' "Deficit;—V. The $208,329 1948 $263,577 132,013 railway—— from Net railway from stockholders. reaches Ry.—Earnings— railway—!_ from From 1— Jan. balance, 1887. RR.—Earnings— $244,711 MarchGross loan " output from - 1948 • 1949 ; railway $125,650,473. New York Connecting report Northwestern Pacific RR. Net, Susquehanna & Western RR.—Earnings— " railway— from which : bid of 99.2299. & Hutzler, Bros. Brothers Lehman common printers.' hew shares control holds March- • Gross Hayden, Miller & Co.; Swiss American Corp.; Clayton Securities Corp.;) Julien Collins & Co.; McMaster Hutchinson & Co.; Mullaney, Wells & > Atlas corresponding week last year, .071 • States and F. S. Yantis & Co. Inc. would and the its the R.F.C. railway— income Electric : •* .04;: ' .15' " balance)of major contracts unbilled at March 28, 1949 includes the award, on an estimated basis, for the construe- \ Co. be at the give Atlas stock. would stock set Northeast's the of annual of hold oper. .17* : .03 I •-,, .18/ l • , V-:J & Co.; Inc.; Gregory & Son, Inc.; Harris, Hall'; & Co. (Inc.); Hornblower & Weeks; Merrill Lynch, Pierce, Fenner <fc> Beane; Otis & Co.; Phelps, Fenn & Co.; L. F. Rothschild & Co.; First of Michigan Corp.; Graham. Parsons & Co.; The Illinois Co.; Wm. E. Pollock & Co. Inc.; William Blair & Co.; Freeman & Co.; Inc.;' Blair Co., 1948 not totaled .60,187,000 .10 : .05 *.04 .15 stock.—V. in oper." income ry. From Gross fered—Halsey, Stuart & Co. Inc. and & be to Northern States Power Co. .05, .03 ' .04 fund.! • from from Net Central RR.—Equip. Trust New York shares 240,000 Board. common still *•■ .18 .03 from .02 . . .17 .. '.12 .14 , .10 .-.07 stock New York 2,223,735 1,197,256 925,317 1672. 169,-p. - . "Deficit.—V. Gross 288)381 267,965 2,044,920 income.— oper. into date a '( oper. ry. ; .16 - .13 --..10 - .15 . ' Shares Investment—_ Coast "Also 1946 $743,178 1947 $785,235 380,477 966,193 mortgage. railway— $12,482,497 $11,786,010 $11,500,698 $10,571.07$ 14,674 2,374,528 railway——— 1,567,676 1,583,509 Jan. Net • .12 .06 .. . .06 : .09 .15 ■ '• - .32 „ .09 .06 . Railroad equipment 190,548 2,259,559 the . needs from Net .15. .17 624,301 972,288 a. approve from From ".10 , •: * -.21 .12 .04 : 1 because from .25 ,12 118 utility Railroad 2,115,489 2,109,710 request to for any length of time. ordered by C.A.B. to divest itself of Northeast stock by- March— Gross -.03 V -.11 .10 1 i. 987,766 308,212 — to ' ': . railway railway frcm 10 meeting air. transports. Of five ordered, the airline has received three. other two await receipt of funds from the loan.—V. 169, p. 1230. ■ ; :' ! Public - .10 • ! Merchandising Diversified pfd. 330,741 May annual their Aeronautics on the hands may ' ' .10," /.20 ' .07 .13 Machinery Metals 1 Oil .10 .07 stock Insurance Corporate bond series 217,605 oper. income From Jan. 1— ( !• ry. Airlines, Northeast ■ • - 1 422,069 1948 $857,469 418,778 1949 226,142;" railway at of mortgage and in been .10/ ' , .12 .03 .00 equipment Food Pacific $653,032 railway from from until persons asked stock ■Northern Pacific .03 : ' Electrical March— March— Net be Civil price company's Northeast 8-25-43 $0,14 • .04 .08 Chemical Gross Gross the now Fall next - .09 .04 stock Bank $0.10 i. .10 ; ... *8,912 Texas & Mexico Ry.—Earnings— New Orleans and company) "approved shortly by the Securities and Exchange the of Corp, Corp. Industrial Series- Agricultural the Atlas has payments shown as comparison): 1454. p. be to and 200,000 rA'tla's investment oh the special stock of this-corporation, payable May 25 to of record May 5 (see first column below—with three previous declared 2,5b,422 1,373,697 612,348 oper. holding necessary under provisions of a proposed $1,750,00(1 Finance Corp. loan to the company, consummation of market report is ' "Deficit.—V. • shares The Stocks, Inc.—Distributions— 86;426 •. ! .1948 $265,063 now 2,006,000 common shares authorized and 519,624 com¬ outstanding, of which Atlas .holds 100,000. Atlas also holds cf 80,312 total shares outstanding of Northeast's pre¬ stock,. issued about a year ago. -'.:■!•!/>■% annual meeting is scheduled to be held as soon as practicable 7^,959 ■ after York New Diversified 1— railway 1949 ' shares mon " , 500. p. 170,706 - will common is said between 7,648,992 ' 15,091,684 f 16,270,393 6,492,861 169, Government bonds 'series! 1946 $712,936 pen Corp.—Earnings— • , interested given into •Conversion !'$i,151,082 . (000'S omitted) "Deficit—V. Diversified t, has Reconstruction 250,000 $986,497 — 383,288 3,066,986 oper. from Net 1947 $1 Northeast. of stockholders current 150.000 "" $$82,616 - 207,799 From Jan. Gross 1948 $1,021,946 , $867,322 railway- from from Net 1949 , stock Commission 150,000 Steel Earnings— RR. New Orleans & Northeastern at .There are Net :Tobacco * March- the SEC with offered Aircraft Corp. pursuant to which Northeast agreed to> five Convair-Liner aircraft from Consolidated for $1,600,509. SEC •The ; ..... York (New Conversion Sales of steam—pounds of shares For of be to hearing. for property . . stock, A Vultee purchase of , class companies also request an -exemption order permitting the con¬ of a purchase agreement between Northeast and consoli¬ dated 11,113 acquis, of bonds or of The of each of the three companies, by, purchases thereof or the Boston Stock Exchange and irf the over-the-counter market with respect to Boston Edison Co., and in the over-the-counter market with respect to Lynn and Western, for a period equivalent to the notice , period for submission of bids. : " >-•" The proposed stock sales are said to involve a step toward financing investments in subsidiary companies. .... ^ ^ Interested persons were giveri until May 9 to request a hearing . before the Commission.—V. 169, p. 1887. ■ ;;'La-!v\'x'. jy notification 25 filed a letter of par) taxes, Corp. which Net new price , summation $1,440,368 deductions Appr.op". the three companies, and intends to solicit offers for the purchase of the three blocks of shares by means of a newspaper advertisement. Persons notifying the company of their desire for an , opportunity to purchase the stock will thereafter be advised by NEES of the conditions of sale and the time for submitting bids, which shall , ndt be less than 24 hours after such advice has been giveri. * In connection with such sale, NEES proposes to stabilize the rharket • , for after ' tlvely used common The ■ $9,545,550 $19,800,732 $19,499,152 18.653,679 17,006,093 3,983,065 $8,638,392 7,198,024 taxes— inc. conversion New England Electric System—To Sell Stocks of Subs., company has advised the SEC of its proposal to sell three of common shares constituting minority interests in Boston Edison Co., Lynn Gas & Electric Co., and Western Massachusetts Cos. NEES owns 123,100 shares, 15,175 shares, and 8,607 shares, respec- ' , Inc., its affiliate, have applied to the SEC for an exemption order permitting the exchange of a $316,000 note of Northeast held by Atlas for 1949—12.Mos,—1943 1949—3 Mos.—194$ Opeiating revenues Income blocks . Northeast Airlines, Inc.—Exchange of Securities— y vNew York Steam Corp.—Earnings— Gross cents 15 of ' deprec., depl. & int.— $905,156 •"But before profit on bonds purchased.—V. 168, p. 2228. directors have The Stock Stock liquidation. of process Cantor, Fitzgerald & Co., Inc., New York. Pro¬ for drilling oil wells, purchase of equipment and additional. working capital. L'• y 12 Months Ended March 31— the of for $175,000. Electric Light & Power Co. authoized to acquire from its parent, Niagara Hudson Power Corp. 75 shares of the Ticonderoga common for $2,625. Such purchases will give New York Power 100% of the outstandingstock of Ticonderoga, winch renders 'electric service in the Town and Village of Ticonderoga in.the. State of New. York.—V. 169, p: 1564. and initiated a new dividend (40c North American Cement acquire from Ar¬ corporation has received SEC. authorization to S. Operating income Non-operating income!. - April and the in New* 1f6r.k Rower & Light Corp.—Acquisitions— The The Corp.—15-Cent Extra Dividend— on be is . shares will and which - Underwriter, ceeds listing company, Corp., Seguin, Tex.—Files— company 300,000 share. of the Washington' registration the capital application the from this 169, p. 1338. . (Herman) Nelson granted strike of par) 1949 Washington Steamboat Co.—Delisting— has to Norma Oil for v' 1564. p. 1,985,172 *83,643 *289,950 ■ f 1,922,102 6,734 ry. •The company also was $21,246,667 $20,363,987 $84,094,427 $82,920,596 in operation decreased from 693 at April 24. at April 23, 1949.—y. 169, p. 1887. 6ales The Apr. 24, '48 Apr. 23; Apr. 23, '49 *72,259 ($100 1— from Gross common Chicago---Current Sales Up 4.33%— 'income—!* Jan. & SEC The Exchange • *80.576 *192,886 36,423 44,701 *113,539 28,525 Norfolk V : $688,032 vj" $621,498 • . National Tea Co., ,-*$730,720 railway$559,675 Monday, May 9, 1946 1947 1948 1949 "V. . railway.!-: oper. From • LIABILITES—Accounts «• from Net V" payable, $7,136,680; accrued taxes, wages, interest, etc., $4,334,158; estimated cost to replace involuntarily liqui¬ dated "last-in, first-out" inventories—less tax credit $262 133 accrual for Federal, State and foreign taxes on .income, $8,714,607; 2 A h debentures due June 1, 1967, $15,000,000; insurance reserves, $628,763, , reserve for contingencies, $1,200,000; 4'/2% Cumulative preferred stock. (par $100), $16,245,000; common stock (par $10). $14,344,610, 1 surplus, $8,443,200; earned surplus,' $28,250,640; total, $104,559,790. —V. 169, p. 1564. :.W'% $104 559 790. •March—; Gross CHRONICLE FINANCIAL & Ontario & Western Ry.— -Earnings— New York MARCH 31, 1949 CONSOLIDATED BALANCE SHEET, ASSETS—Cash, tories, COMMERCIAL THE (1994) 10 the outstanding first preferred stock will receive a cash payment sufficient to reduce accumu¬ lated and unpaid dividends thereon to $50 per share and will then re¬ ceive in exchange for each share of such stock llA shares of 6% preferred stock of the new company. For each share-.of. ,6% second preferred stock there will be exchanged to shares of common stock of the new company, and for each common share of the old company there will be exchanged 1/10 of a share of the new common stock. The date for the exchange of stock had been set as April 1, 1949. Bee V. 166, p. 2663. plan, holders of the 4,298 shares of ^ Volume Number 4801 169 Ohio River Sand Co., Inc. Sand Co. See Ohio River PURPOSE—The (Ky.)—Acquisition, Etc.- funds above, and in V. 166, p. 2663. to the of such 1, Ry.—Earnings— 1948, tional March— , Gross" from Net from Net. ry. 1949 • . , 1948 • 1946 1947 _ $95,403 $31,362 $71,866 31,601 22,038 3,314 income— oper. 14,203 8,602 6,173 '6,614 From Jan. 1— Gross from Net from Net ry. of 'Deficit.—V„ 169, . additional 257,873 89,007 88,300 of preferred stock 29,681 ; 20,593 30,995 23,028 it will Calif.—Secondary Offering— of 32,570 shares of common the of the of from when and the shares —V. to 1949 of employees shares (other the of than ■ , SECURITIES , BEFORE GIVING no . ... San Joaquin Unifying & Pacific . 1st Gas & subject to prior 1, ref May TO 10, 5V2% Francisco San office of Bankers and (A. company W. Common 'No and to A scries to be of names shares of purchased of by the 5% each several underwriters redeemable of them first from and preferred the with ' , A. C. Allyn Bacon and No.of. shrs. j 80,000 Co., Inc.— as Whipple & Bailey & Davidson Bacon, Robert W. Baker, 2,000 Co— , Baker, Weeks & Harden Ball, Burge & Kraus Eichler & Stearns & Co A. Biair & Blunt 1933, & and Sullivan & Irving McAndrew 1,500 McDonald 2,000 Mason Brashears 1,000 Merrill 3,000 Co._ E. 1,000 Clark W. Clark, Coffin Cohu & & Julien 1,000 Co._ 1,500 1,500 Newhard, 2,000 The Ohio Co. Co & rights 1,000 Co.________ sen. 1,500 Pflueger Baerwald—___ 1,500 1,000 & Co— Merle-Smith—___ Dickson S. & Read Dominick Drexel & Putnam & Co._ Raggio, Reed 10,000 8,500 . Co & Corp._ A. 7,000 Evans & Clark & 1,000 1,000 Co Farwell, Chapman & Co.__ Fewel & Field, Richards The First First The 2,000 of First Southwest Foster & 45,000 20,000 Chas. 7,000 & 4,000 I 20.000 Co- 2.000 Co. & F. Co & Co.— William Moore & Co Co.— 8,500 R. Staats Co.____ Starkweather & Co 1,500 Stein 2,000 Stephenson, Hallgarten & Hannaford & Co.___, & 16,000 Talbot ' Harriman Ripley & Co., Inc. Harris, Hall Hayden, & Co. -<Inc.)_ Miller & Co.—_ — Hayden, Stone & Co Hemphill, Noyes & Co.— Henry J. Herrman Hooker Hope & Hornblowfer Hill F. W. The Sutro Henry Weeks^_ 15,000 2,000 Swiss Johnson, <fc Co.— — Co.— Space Wagenseller 4,000 G. Walston, Weeden & Inc. Co Durst, & 2,000 2,000 profit 'Based and London a (England dispatch. 1 Tide Water Associated involved in (& Subs.)—Earnings Higher30,530 service Inc. March 6,305,033 (estimated) Canadian share——— working 1949, Governmetn $1,304,727 $0.09 $0.26 — no stock outstanding. par common capital securities, and liabilities of current 15,000 _— & Co.__ 2,000 Co., Inc.: industry to Karl & 16,000 N. White & Co 2,000 1,000 White, Weld & Co & Co., Inc. McCormick Kidder & do so at the time of a postwar new Greir.er, Vice-President and General M. tain six that 77 models line the in Ihe finest of in the past A will introduction. Co._„ to this We're than Bendix plans five hopeful five service several to affected. parts days," the and 1947 1946 $778,851 $699,816 '94,619 '93,757 income— .'566,170 '364,522 '301,305 '268,489 1,973,694 2,315,163 2,126,870 1,915,187 1— railway '1,026,082 169, ?533,891 '449,026 '473,340 '1,632,402 income '1,191,148 '1,065,341 '984,293 1673. p. per $589,309 $505,562 764,573 759,957 share. com. 1566. p. be jeopardized, dealer 4,000 that to the of our make Christopher, removing these dies will the and but to common from strike the brakes, own parts removed Bendix departments T. George be strike, operations Approximately get $0.70 display Woodard-Elwood & Co 1,500 30.009 Wood, Struthers & Co.—_ 7,000 of 1,500 Wulff, Hansen & Co 3,500 Theatres, 2,000 Yarnall & 2,000 mon Co.„ $2,367,980 $2,273,991 764,573 $0.61 759,357 $2.89 _ $2.89 ::v; Pennsylvania Telephone Corp.—Sells Bonds Privately corporation, it was announced April 29, has placed privately with The Equitable Life Assurance Society of —The the United States issue of $2,500,000 3V8% an on 45,000 for Proceeds will be applied by the toward its 1949 construction and improvement program. company is a subsidiary of General Telephone Corp. additional $2,500,000 of first mortgage bonds, 3%% series 1979, has been authenticated by the Bankers Trust Co., New York, N. Y., under the mortgage indenture for which it is trustee, paying agent and registrar,—V. 169, p. 1674 and 1566. The due Peoples Gas Light & Coke Co. (& Subs.)—Earnings— Period— Gas sales of Sales 1949—3 Mos.—1948 therms.. 462,580,.100 in was already in would not gold-painted automobiles completed.—V. 169, p. 1673. 14.969,541 54,048,268 2,619,398 1,543,405 8,438,559 5,998,233 887,967 877,277 5,100,390 4,322,707 47,093,920 by-products & residuals Sales of gas appliances int., divids., etc., Rents, from others Total income 440,754 542,020 1,957,060 2,010,807 20,569,627 17,932,243 69,544,277 59,425,667 Oper. Fed. 13,643,985 11,677,735 53,138,243 42,837,984 750,000 Cr750,000 750,000 2,019,131 1,683,195 4,856,690 4,330,746 1,721,054 1,352,619 5,425,928 4,677,785 3,185,457 2,468,694 6,873,416 6,829,152 656,041 656,000 656,041 $4.86 etc expenses, for special income Other $3.76 $10.48 res- taxes taxes Net income of capital stock outstanding Earnings ; share per statements the reflect accounts of Natural Gas 656,000 $10.41 Pipeline Co. and Texoma Natural Gas Co. for periods subsequent to 1948, only, because The Peoples Gas Light & Coke Co. did acquire 100% ownership in the capital stocks of these companies America Nov. not 30, until December, subsidiaries 1948. consolidated Feb. of as current liabilities balance 1949 28, assets of as sheet shows th $20,408,389. were of total Peoples assets date same Gas of were Consolidated and all $322,466,502. $31,837,649 long term and debt including bank loans amounted to $137,739,061 as compared with stock surplus of $84,049,233, being 62% and 38%, respectively of total capitalization. Feoples Gas debt as of Feb. 28, 1949, including bank loans, was $82,196,800 as compared with Peoples stock and surplus and of The $82,423,162. divided debt between capitalization of Peoples Gas and equity.—V. 169, p. 1838. alone evenly was Peoria & Eastern Ry.- -Income Account3 Mos. Ended March 31— 1949 1948 $1,461,963 $1,444,828 1,181,357 $319,272 $263,471 131 281 revenues have Paramount Inc. of Net been from revenue 'Railway railway 125,188 operations. accruals tax Equipment and joint facility rents 93,338 Net operating railway 66,238 $94,653 Other income. $72,045 income Total 16,588 Miscellaneous Fixed deductions from 11,841 $111,241 income $83,886 income- 1,636 56,596 $25,401 46,165 . 1,889 34,284 $75,321 charges income Net —V. 169, Federal income taxes 12,686 for new car announcement sufficient as 1117. p. Pepsi-Cola Co.- -Management Slate Reelected—Sales Off— Pictures, announced stock 1,448,058,308 982,018,169 16,621,508 gas of '1949—12 Mos—1948 303,161,596 ' 'Includes near-future a Inc.—New Securities Traded in Detroit Stock Exchange— It first mort¬ bonds due 1979. gage into settled be all plant. weeks." inasmuch Paramount Wilson, Johnson & Higgins 5,000 1*949—12 Mos.—1948 1949—3 Mos.—1948 taxes_ shares. Employees in the feasibility cannot most shipping and making The dies for 13 weeks corporation cease notice." plant impractical. by Bendix 28 further will be explored Bendix Packard said He "For the April "until and "we the is owned less much work. from take production. to on shifts engineering explained, are by caused company completed 11,000 Packard workers learned would Dean Witter & Co 1948 '145,832 Operating brakes, of of dies 4,500 — (EDT) noon Operations— continue 1,500 Co. Kidder, Peabody & Co Kirkpatriek-Pettis Co Frank, Knowlton & Co to up 1,142,691 offices, Packard brakes Golden and dozens of minor changes, adding up 1.200,000 automobiles'-which Packard has produced the Packard President, have the 50 years.'" shortage the in cars major improvements to 2,000 & Co Philadelphia, $819,872 Consolidated 30,000 Whiting, Weeks & Stubbs__ Volume Models of Golden Anniver¬ on Sales Manager, re¬ Anniversary line of 14 body types would range from $103 to $246 lower, including equipment that previ¬ ously had been, optional at extra cost. On April 28, Packard announced the Golden Anniversary cars "con¬ 20,000 3,500 M. Bldg., 1818. 1949 after 169, $35,315,761. new vealed It 4,000 Kalman —v. of $46,202,572, was company on May 2 announced lower prices on volume Golden Anniversary cars, thus becoming the first its general Kaiser A. 4,779,358 '365,733 common current The of 2,000 Johnston, Lemon & Co Jones, Cosgrove & Co., Inc. Kebbon. 16,955,931 3,276,636 Station p. railway 'These Cars— sary 8,000 of the C. ;__ 198,093,525 23,449,414 $657,912 NOTES—The Lowers Prices close Wertheim Co 211,610,445 2,436,711 v profit of Earned 800,000 $3,911,033 against $53,844,388 a year ago. Current assets at March 31, 1949 totaled $81,518,333, including $16,302,568 in cash and $21,657,865 in U. S. and at 7,000 1946 25,071,074 2,104,727 2,394,000 — common 31, the 5,000 1947 Pennsylvania Salt Manufacturing Co.—Earnings— Prov. 17,904 $69,377,022 $44,708,207 etc parts, taxes— taxes, 1948 1949 units) 15,000,000 shares of Curtails 1,000 & 1948 The offer to purchase the cpmmon owned by residents Of the Indonesia as of the record date Co. — on forced & 2 9,020,948 Period End. Mar. 31— Net No. total of 6,408,132 before 'Earnings per 1,500 7,000 ; 30 000 Co.— Lerchen & 5,000 8,500 Corp Hoffman Watling, Oakland. and an Oil 570,000 shares of a (No. of income 2^500 Corp.—__ & & Walker Goodwin 2,000 4,000 H. earnings 8 000 Co Anthony & Co. 8,500 Co.___ & Securities 2,500 Co.—_ James Lane, Swift Spencer Trask Tucker, of automobiles, 4 000 Inc. _ American Union 2^000 May business 33,425,861 railway oper. Shares 2,500 Co. F. 1,000 & Youngberg Company & & about 30,000 _____ & 8,000 Illinois Co., 2,000 Collins D. Co.__ Corp. Co. Hutton William 15,000 Stone & Hutton E. Stone <%; Webster Securities Sandman & Holt, & E. 8,500 Stroud Hilliai'd & Son____ Richards Holmes 4,000 & 2,500 2,000 Stix 2,000 & Co Stern, Frank & Meyer Stewart, Scanlon & Co.__ 4,000 Fay & 15^000 & — 8,500 45,000 Co Co. & J. J, B. & Leydecker Brothers Co.________ & Boyce.._____ ______ 1,000 Hogle A. Stern & Co. 2,500 Bros. 2,000 1,500 Granbery, Marache & Co._ Wesley Hall & Co Parsons Francisco the at * 7,000 — Smithers 30,000 Goldman, Sachs & Co from ry. firm, Messrs Labourchere & Co. N. V., which it is representing Pacific Western Oil Corp. in the transac- is out of At ! 1,000 S. the for & 1,000 Smith, according to shipments Net 4,000 Shuman, Agnew & Co 15^000 Singer, Deane & Scribner__ 2^500 Smith, Barney & Co 45,000 30,000 San Quarters Ended March 31— Net 1,000 Friedman West Indies Dutch are Federal 2,000 1,000 which 8,500 Corp._ Forgan & Co.______ Graham, Sales Corp.— Co.—— of announced on dealings railway______ oper. Net Corp.—Reported Making Offer to Packard Motor Car Co. 1,000 . Scranton & 169, from Net 919,623 customers were shares of Tide Water stock' out¬ standing. Prior to this offer, together, Mission Corp., Mission Devel¬ opment Co., and Pacific Western Oil'Corp., all controlled by the Getty interests, held about 30% of the Tide Water stock.—V. 169, p. 10. Car Shields Marshall—______ H. Hutton Corp._„ Michigan Maxfield Glore, Inc._ . Pomeroy, W. ry. Sales There 1,000 Sons ; Schoellkopf, cities Associated Water 1949, the' offer 7,'ooo 3^500 Humphrey - & Shaughnessy Co. the from 227,926,940 229,594,814 income___ From Jan. Gross 32.6% ditions. 1,000 Alcantara Inc. Schwabacher & Co.— First Rollins 1,000 Cleveland Inc. . & Co.—— Boston California First & Co. ——— . H. parts of Exchange 1888. 1949 Street from from Net 163,081,600 1948, approximately 0.7% of its gross oper¬ of distributing and selling water in 17 certain rural areas, and producing and selling and Curb suspended 169, p. 1— oper. Net $66,562,366 (from York be > March— Gross follows: as share, ex-dividend of 40 cents a share payable June 1. The price to be paid for the original American share is $24.63 with the same con¬ . F. Rothschild & Co.—_ Salomon Bros. & Hutzler__ Frank C. 2,000 Co & 7,000 Co Robinson Co. E. business to Pennsylvania Reading Seashore Lines—Earnings— i\ Gas Mcf. gas will railwayrailway 1811, Broad May 18.—V. • only), a 5,000 L. Co., Inc. JFahey, The & the held. Bids for the purchase of $10,425,000 equipment trust certificates, series X, dated May 1, 1949 and due in 15 annual instalments of $695,000 from May i, 1950-1964, will be received by company at Room 31, brokerage firm has made Tide Holland 4,500 Richey, Baikie Riter in shares according " 2,000 & Reynolds & Co. 4,000 Co Co.__I Co.—II~ Pressprich & Rauscher, Pierce 20,000 Securities Clement 2,000 W. 30,000 Co._ & Estabrook 1,500 2,000 Co Equitable Inc. 2,000 Inc._ Francis I. duPont & Co.— Elworthy Co., Inc.— 45,000 Dominick Eastman, Dillon & 1,500 R. Co., & Co., & & 1,500 Christen- Inc. & of understood, 2,500 Piper, Jaffray & Hopwood Prescott, Hawley, Shepard Dempsey-Tegeler Dillon, 15,000 & were 1,208,579 engaged 24," 1949, Bids for Equipment Issue- tion^ is offering, until May 13, to buy the Tide Water stock for $24.36 Curtis Peters, Writer A Holland The & ry. derived) Pacific Western Oil April 29, 3,000 Net energy purposes 66.7% of the five each May be Buy Dutch Shares of Tide Water— Netherlands, 5,000 _______ customers served 89% expire about 169, p. 1818. from company 5,000 6,000 Bodine R. Jackson Dec. certain stock ± Townsend, & Webber, l|soo 2^000 Co.—1 Day & Co Dick of California— Northwest Co Paine, 1,500 in 2^000 : Pacific will stockholders, at par ($25) of 754,038 shares of com¬ mon stock in the proportion of one new share for each 10 shares held on Feb. 25, 1949, 740,401 shares were taken up for a total of $18,510,025 and 13,637 shares were re¬ moved from registration. This offering expired April 8, .1949.—V. 169, p. 1888. 1 000 Pacific Coast Securities Co. Co. sold electric of !' from stock, series A. sales revenues— to the New 1949, 'Deficit.—V. also were towns 1^500 Co._. Pacific Is ended 2,000 & 10,000 Co & & & Company Cook 1,500 House & Co.— 1,000 : Mejia Davis, Skaggs & L. and <fc gross for for the subscription offering is expected to be about mon 8 500 Needham Dain Crouter Co 7,000 Inc Co, DeHaven & Mullaney, Wells Davies & R. Moseley 5 000 Maynard H. Murch & Co._ Collins M. S. Co.__ & 1,000 Crowell, Weedon & Co J. F. Miller 4,500 7,000 Cooley & Co Curtiss, 2,000 Co._ Burr, & 16,000 " Mitchum, Tully & Co 15,000 Moore, Leonard & Lynch— 2,000 Morgan Stanley & Co 45,000 Co Courts Beane____ Clarke & Co.— W. & 2,000 Co._l is Common Stock Subscriptions—Of the offering to com¬ 7,000 Revel —„ & Dodge Co._ Co. Milwaukee months steam Lynch, Pierce, Fen<fc 12 and 8,500 Sears, Inc Richard ner & Gross JAmount treasury. 4,000 —_____ Marks & Masten ry. bonds Net construction customers—. company cities 2,000 (Inc.) 1948, for registration statement under the stockholders the right to a common that date.—V. From Jan. Light except customers. revenues Corp.— Warren 31, use offer to railway $74,530,917 $77 883,945 $74,739,952 $70,244,143 railway11,896,167 8,441,091 11.578,470 8,230,257 oper. income— 3,928,510 272,616 4,806,267 3,818,466 Net Joaquin 9,035,918,618 $136,275,733 total of of electric ating 20,000 Whiteside, Dec. revenues 4,000 Company. in offered now sub- proposes, * from 8,280,780 shs. San first preferred therefrom, and number of 3,500 Inc Merrill, Turben & Co The ended months 'Number The Co.____ Central Republic Co. & Co.; & Sons______ & E. stock 'It is estimated that approximately also Rhoades Brothers A. Brush, Slocumb & Buckley Securities Chace, & Laurence M. Co 1,000 ______8,500 & Co.— 6,000 1,500 & 2,000 Lundborg 2,000 & Brown Co. Co._ & 12 Percentage 30,000 Co.____ Loeb, 4,500 Co.__ Bradford Alex. M. & held amount (including the company's Gross 8,000 O'Connor 3,000 Co principal listing 42,448 stockholder from refunding mortgage outstanding bonds. Sales 5,000 _______ the Gross Net and of $895,500 under for common warrants on tl,500,000 shs. Electric Kwh. 16,000 Co 8,500 & Simmons Bosworth, G. Brothers & Carl the gas revenues 30,000 Corp.—_ & Co Legg Lehman Lester Hurry & Boettcher C. C. Leib, in lieu 1,000,000 shs. 12,000,000 shs. issued be may unifying of its the March— 400,000 shs. ' 5,215,175 shs. $25) (par bonds Corp. Listed— Pennsylvania RR. —Earnings— 1,173,163 shs. 1,000,000 shs. 5,000 Co 7,000 400,000 shs. be apd 16,000 Co 8,500 Inc Blair Ellis Freres & Higginson _____ Walter Co., William J. Co— Becker & Co. Inc G. Bingham, John 2,000 Co._; Irving Lee & 1,000 Bateman, Bear, Lee & pfd. 4,211,662 shs. 1,173,163 shs. , 6,000 Barth & Co.___________ J. Langley Lazard H. 2,000 5,000 Co & Lawson, Levy & Williams_ C. 3,000 4,500 ___ Baird & Co., Inc. Watts W. stock additional Power For 45,000 Laird, Bissell & Meeds— 2,500 Co & No. of shs. Kuhn, Loeb & Co 7,000 4,211,662 shs. _____ 31, these opening HISTORY & BUSINESS—Company was incorporated in California 1905. Company is an operating public utility engaged, prin¬ cipally, in the business of generating, purchasing, distributing and selling electric energy for domestic, commercial, industrial, agricultural aftd municipal purposes, and of purchasing, transmitting, distributing and selling natural gas, for domestic, commercial, and industrial purposes, throughout a large part of northern and central California. follows: Blyth & Co., Inc that stk., cumul. stk., cumul.__ Stock been informed that this corporation's warrants evidencing tight to purchase capital stock at $20 per share expire at 3 p.m., May on Oct. ,10, the are 12,000,000 ______ cumul outstanding if all preferred 1,500,000 shares of 5% redeemable stock, company t469,908,500 first pfd. first t.Exclusive of intends, prior to Dec. 31, 1949, to apply for listing of this preferred stock on the San Francisco and Los Angeles Stock Exchanges and on the New York Curb Exchange. number stk., issued thereunder LISTINGS—Company UNDERWRITERS—The redeemable Redeemable Co., New ican Trust Co., San Francisco and The New York Trust Co., New York. respective stk., cumul— stk., cumul pfd. to are Paramount stockholders.' Having $281 — (par pfd. first 5% Ulrich, transfer agent), York. Registrars, Amer¬ Trust pfd. first 5% 000 shares of 5% redeemable first preferred stock, series A (par $25). Public offering price was $26.75 a share. 600,000,000 80,000,000 stock of by May 4 approved issuable against on additional share of one notification.—V. the bonds Company approved Pennsylvania-Dixie Cement C^rp.—Warrants Expire— '$7,722,500 Co.— 19481 6% first nationwide syndicate of approximately 200 underwriters headed by Blyth & Co., Inc., marketed on May 4, 1,500,- Agents, mtge. an Outstanding (credit agreement of March First preferred Representing one of the largest preferred stock offerings to originate in the American public utilities field, a Transfer Electric Theatre new Reorganization Co.—Additional effectiveness of Act subscribe to the Authorized • Light & Power Corp.— - • refunding mortgage $150,000,000 & Bank loans Pacific Gas & Electric Co.—Preferred Stock Offered— . , to and the certificates recently notified the Curb Exchange that It stock .... the of recently shares common The record date EFFECT of Plan the company) Curb Exchange par company Securities FINANCING PRESENT York New The • . to Exchange according Exchange Commission. scriptions. such at stock common & Picture Company new 1673. p. additional series same offered. now and securities. CAPITAL secondary distribution (par $10) was made May 5 by Hornblower1 & Weeks; Blyth & Co., Inc., and Paine, Webber, Jackson & Curtis, at $20V2 per share. Dealers discount 800.—V. 168, p. 2689. terms 169, The its 100,000 the pursuant (old Inc. Detroit Stock Securities the 11 Rights— required. as in the on the stock of Peninsular Telephone . issue ; as such upon issued Pictures, If this offering is made, price as the company may hereafter determine, subject to approval of the California P. U. Com¬ mission. Company has not determined the nature or amount of any be interest be Addi¬ from common of March (i) effective now received The of program. obtained be is order equal amount agreement will (1995) basis treasury amount an in its construction program its further Pacific Finance Corp. of use loans credit company's Company expects to offer during directors and principal officers) 220,103 84,809 A part a to bank in part, construction securities 228,318 1490. p. the under become proposes retire funds 106,402 .Income— to finance, to the 254,102 railway—_ railway oper. (b) will Company fa) CHRONICLE presently on hand; (ii) from internal sources, the principal items of which are the provisions made for depreciation and amortization (expected to exceed $20,000,000 annually) and unap¬ propriated earnings, (iii) from short term bank loans under the company's credit agreement of March 1, 1948, and (iv) from the sale $71,955 42,472 obtained and FINANCIAL proceds proceeds funds- for treasury _ railway railway net company. net $12,000,000 Oklahoma City-Ada- Atoka & COMMERCIAL THE May on Pictures common United 3 that Corp, stock and Paramount An opposition slate for directors annual trading common in stock, certificates Theatres, the of Inc. unissued United interest on a securities Paramount in the "when com¬ issued" The stockholders' opposition tlers, Arthur Kan., each and Pearl Hardgrave receiving F. held meeting candidates of 20,526 Whitcraft of was May included Chicago votes St. nominated and and and defeated at the 4. four J. of Pepsi-Cola's W. Julius Gerhardt Darsky Louis, each receiving of major of 18,834 bot¬ Wichita, Akron, votes. Ohio, The 12 (1996) THE COMMERCIAL v . difference ton.., D.. represented C.. however, A by a that bottlers in Walter bottle "the S. Mack, sales 16% or net On for September ficient the the Steele said President tract and at sales for Mr. a believes be of use said best Co. that guess when of the "most of" that was the on period, employment funds stock to which 16,000 1946 ) -; 3 Months Ended March 31— $390,720 235,491 153,265 *14,779 162,044 159,700 114,123 Sales—wood *3,438 Net con¬ purchase Mr. Steele First railway™. 1,171,520 1,946,606 1,504.437 1.009.65C 636,721 616,686 376,471 435,541 434,052 280,905 shares 15,398 169, Federal have been Net V. 1 pansion of the finance to Memphis the plant purchase amd formerly Sales —V. have 169, —V. 168, $2,669 2546. p. There increased 1818. p. to $15,000,000 1958, week of ended 897,000 —V. 169, 30, or of this company and its subsidiaries for the 1949, amounted to 138,772,000 kwh.. a decrease 0.6% from the corresponding week of last year. in from 1948 $4,400,000 in Sales, 1939. Net from Net ry. Gross Net Net ry. —V. 29,130 1— 79,576 The 21,912 13,082 A new P. U. Commission The Edward declared O. securities that of it at issue five. The 117,452 bonds the 106,043 126,358 174,923 89,518 to President revised creditors, would iron plan of Plan announced was in Philadelphia fair a and V. Co. allocation stockholders. cash also and the claims of the parent and sation in The and Federal plan new obligations, in less now all be maximum a of the securities allocated would of stock now to new to company up single a class $23,000,000 will held be of of ali rights Holders are of now publicly surrender *767,909 all in public.' their on and stock The of receive shares, cash and cash remaining and its system in (of relieved of under as and United the will the in the June 7.—V. RCA 377,655 shares, of April 23, 1949) and which Rys. accrued 50.9%, or ! of or H. have C. the "the 1Q9Q each $200 of debentures.—V. of to for the Bellevue the on basis hearing subscription for each by 169, shares eight shares Southern Traction Ingles, the on Ry. Co. 5s of Traction of 1920; Citizens Co. 5s of Portion . 1930- the basis of Central each Ry" , of 1934, Washington ™ & Canonsburg West Ry chnr?«? of -1&ction Co., public f and TEarnings also 5s tBased of Domestic been 01' AND BONDS Net holders of un- 169, reported, the near WSTSfcT -* 10 dna83$ shares ca^ltforrthPe!vthim-gUaraiiteed RailwayCoInrZ ' PittxhiirLh stocks' public holders would .receive °r each 10 shares of Monongahela Street pS 5S u°Uld receive $480; Mount Oliver Incline Pittsburgh and Birmingham Passenger Railwav Co Pa,SSenger Traction Plane $46s!-V 168. p by taxes. incurred 1907 Co" ^00; Suburban Rapid Transit Pitts! Street from Net ry. share the railway..--. railway. income—_ Net Net -V. from from ry. railway—._ railway oper. 169, p. income— 1339. lives on officers.. of 56,932 49,631 11,649,270 11,084,094 trade and 316,016 $30,621,719 $29,828,389 miscellaneous—.— Fed. income $2,891,352 taxes.. 267,619 287,735 income, est 303.912 2.176,268 2.424,592 . 4,000.000 preferred 1 $3,021,223 188.436 — — than stock J. 4,000.000 2,638,400 $100) (par par $11 2.840,500 1.000,000 1,000,000 10.479,385 10,469,370 6.960,143 ; 5,504.173 L and $30,621,719 1948. $279,000 and 1948. amortization and $117,480 of 1947, in $4,429,525 in $29,828,389 $250,000. 1947. lAfter 1948 tAftcr for reserve and $3,881,051 169, p, 113. • ' ' ; Quarter Ended March 31— r operating 1949 1948 sales and hole Net losses profit Total v 540.452 181,219 $7,322,954 $5,824,462 loss for 115,625 18,691 2,150.000 1,750,000 $5,057,329 $3,830,771 SI.26 invest. on Federal SO.95 advances.. & income 225,000 taxes..—— J L 2013. p. Richmond Fredericksburg & Potomac 346.800 262,500 Net from Net ry. 139,117 $5,643,243 share——— per 375,000 March— 120,499 $9,631,498 878,125 $6,782,502 ————— (net)_____ income 771,998 $9,804,083 1.658,257 loans.——_ possible 168, 3.708,651 980.798 ^ bank on 10,727,063 2.046,287 ——— abandonments—, income for $76,560,098 $7,919,065 345,880 4,031,987 . depletion™—— and provision —V. '• 16.135,772 ..l. expenses. income Earned .. general _™.————————— Non-operating f services.—!—— and and Estd. 1947 . 296.285 ^ $29,997,346 $28,615,339 of Dry between revenue... Total Cost Selling, admin, Gross 3,872;000 -3,867,000 • - RR.—Earnings— 1949, 1948 1947 1946 railway.— $2,224,096 $2,383,799 $2,324,819 $2,497,810 railway.—— 476,379 587,348 855,984 564,168 from Gross 3,215,000 V . - • . ; 179,871 214,254 389,611 177,489 railway— 6,421,618 6,840,983 6.479,737 7,149,898 railway.-.— 1,061,115 1.727,409 2,083,727 2.459.530 income— 249,796 617,469 872,609 1,044,011 income— oper. Net .... 83,891,865 $0,358 $0,280 ' ; The • v' 100.22, 1948 * $1,065,922 79,270 def.30,990 a mortgage buildings, held notes payable the said New by York some time 671,283 be sold 1946 $9,162,210 632,281 1,196,072 2,420,957 , per stock 80,313 ,. new Co. 28,248.410 3,067,770 1.322,367 the time share 1, *' if the notes bid for 100.555 in the the as amended, to the payment of the of sum to of an subject 1952, March 1, shares 50,000 sale incurred $16,677,000 the and face since deposited was of mortgage of the indenture, amount .. of 1, the with dated company, and 1947, of the the Trust Sept. 1, withdrawn thereupon outstanding been of sale of new interest have Bankers as , and and accrued Jan. from .. new'pre¬ issued bonds new $21,677,000 of at plus, 1952, of 1949, and any, company bonds the the of if amount, the by equal days' March 1, April 26. competitive bidding. the jindenture company. the premiums, of annum, be in part a.t notice, at the or 30 on form.' the securing to per will It whole after or 4%% 1. . aggregate provisions prior company at least on of in . addition received under at upon cumulative quarterly Dec. company, redeemed than to rate and 1, redeemed if bonds (other the at the dividends. proceeds proceeds trustee pursuant ,to Brothers entitled Sept. of time, offered, new be 3 949, to PLAN—In now stock bonds, as 1918, 25.504.245 4,071,603 1, option share per dividendsi Of . and Lehman or will be applied toward the cost, .company's construction program. r 6,734,052 * 5,834.380 Of¬ Stock bid of 100.177 »per share. HarrlUnion Securities Corp. bid a 100.65 will June 1, accrued $16,677,000 and ,vi. 2,620,502 1,209,960 2,084.197 $105 $104 stock the at from or case, preferred $9,928,645 2,635.625 30,732.461 1947 bid dividend, March March FINANCING r ' 1948 4,935.535 each ferred • . 29.307.407 from PURPOSE—The $9,299,759 $10,921,436 1.517,657 of of in Stock to Corp.—Preferred May 2 on Inc., $4.85 preferred on price by the insurance and; equipment located established about three years awarded Co., for redemption any mill of Electric & dividend. dividends to & new price three Gas was both $4.90 The taxes. land, issue Ripley nian 1949 1819. p. fered—Offering of a new issue of 50,000 shares of 4%% preferred stock, series G (par $100) was made May 5 by a banking group headed bv Salomon Bros. & Hutzler. The stock was priced at $102 a share and accrued divs. wholly-owned foreign subsidiaries. 169, pp. 1889 and 1674. • oper. 169. Rochester '!/ 788,200 $4,976,298 $0,371 from ry; —V. $4,680,065 v;i 788,200 / from Net .1 24,000 - $5,764,498 788,200 From Jan. 1—-0 Gross 886,326 . from 1949 oper. 168,931 234,845 1,307,724 Richfield Oil Corp.—Earnings— Net Television, Iuc.—-Earnings—^. from Net 9,405,570 companies.— equipment.! f | 67,486,034 $5,143,883 dividends of 9,737,129 market.__ over affiliated $208,646 in 1947.—V. 1,197,170 - stock March— Gross not *. 223,928 insur. other on depreciation in Other RCA $88,053,297" $5,932,083 and 153.010 5,2.52,867 433,013 quotations: of Interest for - included $2,277,099 Sales, cxcl. State and Fed. gasoline & oil taxes. $29,701,061 $28,269,459 Reading Co.—Earnings— . less, —— 76.738,712 — amount 1947 $1,871,131 cost_r_ 315,353 payable, "Market 80,500,532 taxes..™. income interest 31 DEC. From Jan. 1— income common OF —_—— .. 1948 , AS j 163,105 4,864,134 L payable—bank reserve will $87,895,060 $76,465,407 153,237 94,639 *313,122 Zellwood, Fla. The corporation was by Richard Whitney, former President ago SHEETS ; Total • Subsidiaries) $92,327,827 common property ;•)•■■■■- ... surplus rate • : plus $1.06 surplus the the properties of this company were sold at public auction on May 2 Connecticut Mutual Life Insurance Co. of $186,827, which- reprer The 547,988 $3.48 BALANCE at foreign Paid-in stock, $1,531,249 firm, holders would receive $30 and street and pieasa"t $ '(^°:1 Pittsburgh Railways Co. 5s of 1953, $1,050' Transft sSer'Rnn! °ad^ C°' 58 0f 1953' S1'060; and Suburban transit Street Railway Co. 6s of 1953, $1,090, in Common stock on Ramie Mills of Florida, Inc.—Sold at Auction— ?veas«10 ?mres °f Federai 817,983 $3.04 _—i_. receivable Federal"taxes 1674. p. $92,014,705 profit sented 1,013,216 L._— charges Accounts The to $203,521 stock common common . ope.ned Quarter Ended March 31— 1938. Side fne the 10 1949 . 13,881,016 shares.—V. Radio & Co! $2,331,832 LIABILITIES— * 1932* ,_r_ $1,455,970 Total (& Subs.)—Earnings— ■_ expenses per on 135,002 844,729 15,056 * ' Co.—Registers— has operations : ♦Including $200,000 5s 128,437 1,131,590 : Earned Unsubscribed Exchange, to produce a strong, lustrous fibre, superior to cotton or rayon—V. 167, p. 1849. burgh Inc Railway Co., Hearing . Canton.—V. 1___ Federal for 122,160 1,574,657 hand or of T income Balance u £ Co' — stockholders, at Sales ^istributed to public vinSpSsSw service Preferred dividend Pn « from before Avenue End Traction Street Ry. 5s of receivable and 1888. p. previously Traction a37' Plttsbur£h, Crafton & Mansfield Street cffnMou- J;rachtion Co- 55 °f 1933; Second o direct Islands postwar reconversion- .. and stock. share on value 1,447,351 for and plant Note 200,861 Provision $1,183,252 costs surr. each guaianteed stocks. Foi each 10 shares of stock of Allegheny Traction °n J°;v H°"solidated Traction Co. preferred, Du$50 in cShanrf d Traction Co- of Pittsburgh preferred, share? of Cwrni ni ?, sbai>es would be distributed. For each 10 S5201 Cash Deferred April 28 announced the opening of the circuit between San Francisco and Canton, patents & patent rightZS.. Balance 811,500 $3,606,915 plant & equip- in iJProperty, on radiotelegraph said expenses of 2,085,000 $3,162,903 1—— securities, Investments 1927. and Railway before or •• ——, 1,865,000 10,116 fund Long-term May 1, 1962 recently called for shares' held. Interest basis of 5s President, income, incl. int. and div Amort, Co. ' stock... common Inventories, at cost ^ Total income 179,962 15,6.96 1948 banks .tAccounts 188&. 469, p. Depreciation each Pittsburgh 5s of 1997. Street Manchester in (Bonus ' '• .!•: May on , common receive of 78,670 206,426 (cst.i COMPARATIVE . Cash due Hampshire company. As and sell 104,804 issue (including Other 114,903 ASSETS— >; ♦Marketable interest. "On . scheduled share income 32.255,295 5,397,180 104,626 — preferred on 011 taxes, Quarter Ended March 31—r Gross 49,207,643 5,384,643 wages and 103 at Radio Corp. of America ' °* v0Ck would be distributed 011 r Passenger Ry. 6s of 1924; n mn?^Sctinn - by stock Communications, Inc.—Opens Service to Canton, He $39,921,555 6,626,354 (dissolved sub. cpromon Accrued for Philippine $60,605,530 47,568,897 a. included Prov. new : would be distributed & UNGUARANTEED STOCKS p the 169, p. 1819. direct China. system 637,07o -V-- paid Accrued 1949 dividends of ' : . 1958; S»Ra^t?^n R/' Suburban 58 0f 1927; 1938, West Liberty & Rapid headed the week of May 9.— were 16,150 138,031 $59,327,780 —— taxes paid ment . at as 209,212 expenses earnings Earnings per capital funds required for the extraor¬ (outlined in the « 1948 annual report China— first distributed 5s Net • 240,052 159,464 cos.__ applic. to.prior yrs., etc. Depreciation nf . one-for- totaling of •Sout.li and affil. „ Balance, surplus Prov. for deprec,: of Company on May 6 filed a registration statement with the 3EC,cov¬ ering $75,000,000 first and refunding mortgage bonds to be dated 1, "1949 and due June 1, 1979. Bids are expected to be opened $10,- VaS P"que'sne fraction Co. 5s of 1930: Federal Street St iKs Valley Passenger Ry. 5s of 1919; Fort Pitt Traction Co. 5s inston Rv fol- p-Pi °f l922: PittsburB'h Canonsburg & Wash- new a being considered by the manage¬ issuance, of .securities., to be sold ir. of program, later date.—V. a Net ji!iSrth!!!/ha/e^ 25 date Public Service* Electric & Gas Pleasanl * on mortgage underwrite $39,268,335 Sundry charges C.) r amount Pittsburgh ' be ' • now are . or additional proposal new: filed at new securities to each issue of pub¬ plan proposed by Philadelphia Co Traction Co. of ? Allegheny & of dealers will $60,258,287 * ____________ admin, income the has iroh 5s of first ■ RvaC5s°nf iQ49S iShii19?7' J?deral street & Pleasant Valley Passenger pihh iiLf a.' Etna & Sharpesburgh Street Ry. &s of 1923; ■TraJtlon York), be effective during . bonds affiliates the shares, follows: of Ardmore Street Ry. Pittsburgh Traction iooi rate $58,744,097 , Federal ' " ' 1946 184,167 foreign & '■ v:- 1947 .sold—— goods gen. 'Spec, items by underwriters. The company has requested an exemp'r tion from competitive bidding. \C; H' The company also contemplates the future issuance of $4,000,000 ot bonds at competitive bidding, .as to which an application will be new receive v•„'■' Co.—Annual Report— property, of income income of - allows. returns, 1 Loss of wholly-owned in 1947) purchased stock. in and interest 547,678 of cash and securities Alleghany of (New extending through 1952." 2%% convertible debentures for offered one be security would new stock, and against exclusive *iTinArtKen/h&sie*„ot,sfcock $1,000 bond of £ n? or type, proposes Cost and Co the at of $10,000,000 vVashington security to Service Co. of New SEC be to slock which new the cash subsidiaries claims approximately summarized Pitas stock common i from 25, 1949,. the outstanding debentures may, at -the holder, be converted into common stock at the rate the company securities, y and of financing and and outstanding and of , 1950; new Financing Plan— v s.hares of stock of of 15-year shares The t1F"rn e.ach $1-000 unguaranteed bond, public holders would of stock11 Ca and nCW bonds plus the following specified $2 as shares (D. ",l,'I' *'! ', v » approved a change in name of this Machines, Inc. See also V. 169, p. 910. and equipment Dividends Washington * " " ■ disposal ,4'/a','0, cumul. con¬ $10,902,167, of publicly 14%, or. $449,607 other $83,000,000, Thev. held of business May Public amount Go. securities bonds, unguaranteed Co. receive licly Purchase than upon an Philadelphia amount guaranteed would 150,763 and stock. *nay be by the the of 10 01 „ holders exceeding Cost June Philadelphia i- the system $4,515,550, would receive 35.1%, of the new stock. would in for the from approved sale 01 treignt, on and Total Y. N. • provide the of close " unguaranteed $11,707,500 $11,707,500 bonds guaranteed outstanding rights of of Public securities cash. Holders amount system permission Inc. outstanding redemption on May 25, stock. of the distribution of cash and proposed by Philadelphia Co, follows: as All equipment par A general summary securities Co., dinary .construction own guaranteed to their guaranteed on & formulated to to option the surrender also composed .'to shareholders) system. more no bonds allocated the by as reorgani¬ Philadelphia Co., which would'be affecting system securities. *■ Guaranteed guarantees holders in the Pittsburgh Rys. eliminated. ' 1,076,096 shares of of initial operating Under the plan, approximately 49% of would New York, bidding. ($2,736,800 single a been requirements would, the plan, be distributed to security holders in $17.00G,000. of than be of has capital structure would consist of 20-year 5% first mortgage bonds of not and ■unguaranteed would since courts companies excess summation not corporations; 1938. v* been order company. company's $6,000,000 Cash underlier making underlier The 50 calls for the formation the properties now operate All than the at , f * • ( bonds made A. ment $2,16 : 1948 discounts Dividends 592,250 which .is expected have stated Pittsburgh Rys. operates a transportation system of trolleys ancf in Pittsburgh and surrounding territory. The system, which more be Gallagher. President, on April 23 stated in part: "No new fi¬ nancing is being presently undertaken by the company, and no plans buses comprises ' stockholders the •Interest Co.—Bids 169, p. 1818. R. (parent), of He ; * Avildsen Tools Miscellaneous Public Service Co. of Indiana, Inc.—No New Financing Presently Contemplated— "" V"T"7 the long-standing differences between, public holders Pittsburgh Ry. securities Commission A syndicate Dillon, Read An¬ 248,469 $1.71 stock common i • . 28, less - the involves claimants out sell at competitive company mortgage will 100 Broadway, will be offered present stockholders 426,509 219.529 Reorganization \< to Dividends of out r.* 566,537 Pittsburgh May 3. Bosheil, that to 225:184 plan for reorganization of the District Court trustee, Power has received company 670,799 Railways—New first 'Payment next, negotiated basis. nounced—Would Eliminate Underlier Companies— TJ. S. corporate of 1, (EDTi, May 9. a.m. olfering Pittsburgh $218,150 interest. and Electric 109.919 1490. p. monies, 100 June on Financing Plan Approved by Commission-L- 66,517 . redemption 1803. p. 492,414 income.,__ oper. $148,613 11:30 1946 ' railway railway 169, 41,392 1947 $191,315 68,386 29,304 from from 1943 $202,586 income oper. From Jan. to % 1949 $150,903 railway railway.- /».' gain plant The company is inviting bids for the purchase from it of 810.000,000 of its first mortgage bonos, series due 1984. Such bids will be received by the company at Room 822, 929 E St., N. W., Washington. 4, D. C., up Pittsburg & Shawmut RR.—Earnings— from for fund at York Trust Co., 168, 313,103 496,935 — y\y. Bonds— , March— dross 1, Potomac 1888. p. on Rhcem Manufacturing Selling, output April kwh., called sinking New $2,460,679 313,103 ; —v— _l-_ 1566, p. Feb. and been unexpended —V. electric paid— by existing , due Philadelphia Electric Co.—Weekly Output— The have Nov. 656,533 1,733,164 $2,016,422 share per : On Poli-New England Theatres, Inc.—Partial Redemption 1948 $246,164 • 680,029 1,377,800 I — Calendar Years— Philadelphia Dairy Products Co., Inc. (& Subs.)—Earn. . income— dividends company Net income 4,850,376 depletion on dividends i . Net $15,408,987 income 169, '/ ex¬ occupied American Coating Mills, and to retire $1,500,000 10J/2.— 1949 95,715 $13,351,147 _______i_—4,074,251 operations and ' ■ 1948, 80,251 Republic Drill & Tool Co*—Name Changed— » Quarter Ended March 31— from taxes Earned The company, — ark, N. J., in the form of 15-year sinking fund notes. The bought around 1949 ; j . ■ Preferred 1674. p. debt. was v",\ . (tons')..—__ *2,105 income—. oper. proceeds will be used Vice- years. price income ' (i■ ,, products sales Net cellulose Depreciation it was announced May 2, has obtained a $3,000,000 loan from the Prudential Insurance Co. of America of New¬ given a three-year con¬ Vice-President in charge of average Rayonier Inc.—Earnings— ( 7 1— Plough, Inc.—$3,000,000 Private Loan 1339. p. 1947 $538,007 230.905 ■ income™ Monday, May 9, 1949 Common - elected was preceding the the the 1948'. $688,994 . railway--.... from ry. Ry.—^Earnings— 1949 $688,526 railway——_ from Net Virginia <;; . Jan. Net 15% was been four Gross domestic about dividend, corporate and had He for that down West CHRONICLE i , railway oper. FINANCIAL been a Mr.= Steel March in year. Coca-Cola his 169, director a $85,000 Mack made was ry. From paid since the earnings will be suf¬ market 16,000 shares of its capital to buy over a five-year period. agreement from Net in manner. during not centered the Net the use sincere were & • from *Deficit.—V. have payment meeting aud improved March— Gross 8 %.' or which the they were open This and Mack warrant, at N. sales 7% 1949 Pittsburgh the aid should group stockholders the of Washing¬ pointed out, greatly equitable an of board. the if year in told foreign would on bottlers' next months dividends, Mr. discussion contracted V. four around of to year tract of Alfred in off were the President, first quarter, this Much Jr., question that Durr whom of one voting representation purpose L. Margaret cumulative representation although sales the to stockholders, of that the and ; for obtain tp given minority suggested statement efforts of group adoption obtaining stockholder proxy .their support & . . applied short-term Volume The the of sum $5,000,000 payment pwlng stock the of will total face March; 15, 1949 preferred new aire chased stock and the principal respective 6,700 Central Drexel 6,700n- Shields '' Weeden & Co.—_—— M. Loeb, 'Rhoades & _L——./.L—„L._ 6,700 Trustee, Etc.— The The Co. Republic & 1,438,769 4,674,425 equip._ 1,568,751 1,525.514 4,551,282 4,606,194 ■•3,905,110 11,512,895 702,626 2,101,318 2,040,765 Net 3% mortgage „ expenses. ! notice A dated due bonds due gage May 2 to April Dec. 1, 1, 1933 and bonds due Nov. in part: L■ mortgage * .__ 54,867 income available fixed charges ; •• says holders All issued of under surrender Chase the arid Bank bonds July 1, to mortgages, and terest 1949 for March— of of or said securities. Gross sink, funds Net deposit shall them, certificates with All securities by July bonds shall of Rochester under become the shall Transit Corp. bonds participate (The) Net * -Based In after per oh less than than the Net 169, free and 1948 now provide for the 1,890,535 1,307,498 $2.99 ,896,553 .*1,683,445 875,144 789,854 ; 26,615,507. 4,214,784 1,969,912 4,029,586 L . 24,504,922 22,859,158 4,800,861 1,777,850 2,222,004 President, regular quarterly ' r April 2,'49 Mar. $21,087,283 Net 12,728,655 _— j. 405,644 sold—. 1,319,643 1,736,079 358,596 955,580 1,364,296 920,408 419,173 $1,176,607 f$719,441 55,250 55,250 _ products taxes on expenses income^—., - 27,'48 -From Gross Net Net $603,194 $479,917 122,045 *31,785 o'n I _.L—_ preferred ._ shares shares— com. i $1,121,357 *93,112 66,312 *88,852 J " L L_ liabilities $1.28 $0.76 6,334,223 1118. p. t 7,428,110 1 ■ , ' ' - ' com¬ loan for Bankers Life Insurance Co. of Nebraska. fori 10 years, is The carries interest at 4V4% for annual payments against 1.342,362 1,482,052 1,376,905 1,247,383 "168.609 64.827 *152,022 *30,136 ry. *318,289 *87,273 *326,178 *129,221 Period End. Mar. 31— Railway Net principal. - - 169, Sacramento Northern Net Net ry. • 1949 railway from railway.— income... oper. 1948 $166,477 ; *17,538 *42,894 * 1947- $159,776 of *11,609 *37,490 *45,891 Net ry. 439,121 169, *162,728 devoted to 1889. p. Co., Cleveland, O. Partial — Re¬ J has company shares 7.''" of its informed $100 the New York cumulative par Curb that Exchange stock, preferred •• ' • The series, 4% '1 "/o ■ •' s tk . ;.;v;" .*. ;.VV! ; stockholders have voted t split-up a of capital the the stock on basis of sik Shares of new stock for each share of the presently au¬ thorized capital stock, it was announced on May 3. J ' Michael Kaplan, President, announced that arrangements are being ' made with balance Willis the of per .share. new and calls : ■ E. Burnside & Co., Inc. original offering of stock also V. 168, p. 1734. See the continue to the on new of sale basis ' tha cent3 50 at ; ... Signode Steel Strapping Co.—Places Loan Privately— The company on April 18 obtained a $2,000,000 loan from the Prudential Insurance Co. of America. This loan is to v The term period of 15 years, maturing April 1, 1964, a proceeds of The major provisions of (a) 1949—3 Mos.—1948 Immediate equipment loan of" income maximum made are to be ment 3,,620,219 full 3,310,817 3; ,790,425 1,128,169 2,315,069 2,734,704 1,000,165 1,413,710 1,412,278 1,802,522 For the permissible against transferred called income. earned to loan • 169, Co., /. paying William Street, 22 New <r follows: : . 1948. of the 1 $1,543,882 of principal &nd the loan accrued proceeds interest used was these on in bor¬ company to maintain working capital of $2,000,000/ requirement, working capital will include inven¬ purpose of this have of such $4,832,055 dividend earnings of the the tion York, been March on 31.) , date agent, as Subsequent to April 1, 1950 dividends cannot exceed 70% of the earnings of the company for the period beginning April 1, 1949, terminating at the end of the last fiscal quarter preceding the net for 1819. p. are ..." would 1947 Farmers Trust Y.—V. the loan (c) of N. 1 tories of strapping tools and machines, although reflected on the com¬ pany's statement of financial position as noncurrent. (Signode's work¬ ing capital under this formula after giving effect to the Prudential Bank *100,943 *171,623 29, payment per annum. be used to supply the necessary longof the company's plant expansion pro¬ of loans that would have become duo repayment of the outstanding borrowings under the of March 4, 1948, and the term loan agree¬ (b) Requires the £ earned to will agreement rowings). and been Dec. 3,140,928 charges and other deductions. have of 1,428,011 transferred and the loan capital for the completion gram, and for the retirement within the next five years. -Li L'^-3 for run and bears interest at the rate of 3%% - redemption June 1,- 1949, for account of the sinking fund, $288,400 of first mortgage 4 % bonds, series A, due Jan. 1, 1996, at 100 and interest. Payment will be made sfc the City 1012. p. be to Partial Redemption— ; 390,455 *77,255 *210,929 I income oper. ''Deficit.—V. 433,344 169, 1734. ' p. ■■ 1, next, $1,300,000 mort¬ interest rate and 3r/c cdn- if sinking fund and minimum capital charges arc made against income—— There *138,141 __ r_• income "After -fixed • From Jan. 1— Gross from railway Net from railway feet square now stockholders of record at the close of business on April 29, 1949, whoso" certificates were drawn for redemption in whole or in part.—V. 168, surplus fund . $139,514 *18,774 V. see 1,485,888 1,185,599 1,241,069 906,720 surplus if skg. fd. capital fund chgs, JBalance Ry.- -Earnings— March— income oper. Balance — Gross from 110.000 space been drawn fqr redemption on June 1949, at $105 per share. Notices "with respect to the redemption have been mailed to those_ oper.-revenues-'$12,412,097 $12,653,576 $35,324,616 $35,523,253 ry. *Net- income 1567 p. additional The Oct. on 1949—Month—1948 Total'income '' "Deficit.—V. contain entire the company's long-range expansion program, shares of common stock were publicly offered on • 1— from will the V 27, 4,950 Seaboard Air Line RR.—Earnings— *18,188 railway Jan. lrom twice .have $664,191 CURRENT ASSETS AND CURRENT LIABILITIES ' assets ____•— ' $19,395,166 $16,943,698 169, and 19,761 income. structure than more Sightmaster Corp., New Rochelle, N. Y.—Stock Split— loan $454,037 43,256 oper. proposed new Medical Research Pa.,.is expected to begin late in September,, 2 by Dr. W'. A. Feirer, Executive Vice- steel and space, demption— 1946 railway z oper. income— ry. corporation's May Sherwin-Williams $16,545,741 15,528,902 ______ bonds.. These, bends carry a 3% fixed tihgent interest rate.—V. 169, p. 1271. 1947 * the on finance this part of 208,373 it was announced May 3, has concluded a $1,250,000 with New England Mutual Life Insurance Co. dividend."—V. 1943 _ of brick new floor To 1711. p. SpBlJin. Stefl Co.-—Arranges Private Loan—The said: $456,468 railway—— railway— $3.17 adopted research. *265,186 pany, Abraham, 1949 from $1,956,340 $4.71 : __v classification account at the This change does not affect income for the quarter.-—V. 168, announced The of 1,222,282 ' gage from $2,905,301 — — with conform • Rutland RR.—Earnings— Net to 1 *1,081,009 The proceeds .will be used to retire Gross : — — share—J—J , was ' March— 45,330 1,256,758 As previously announced, the building which will cost approximately $4,000,000 is expected to be ready fpr occupancy by the spring of 1951. "In the new laboratories, present research programs will be consoli¬ dated and expanded,'! Dr. Feirer said, "new ones will be launched and greater and more efficient space and equipment will be provided." > 1946 1,662,433 $8,920,931 $13,993,505 outstanding. Herbert 791,666 1,915,400 taxes——_ President. 1947 - 25,928,354. earnings. LLL < —V, 461,980 2230. p. 1948 $7,761,113 earnings applic. to 841,847 Earnings per common sh^re— during the first quarter of $949 were considerably corresponding period of 1948, net earnings were more to ONLY $8,660,243 Net c.ear sales in- the COMPANY sold-L____ii on for Dividend the for $1.06 report, 462,407 Sharp & Dohmc, Inc.—To Build New Laboratories— - paid Current taxes shares with sufficient ,168, and income /Laboratories at West Point, $717,142 1-— products Provision claimed or 1949 • shared— 437,586 connection ''Although . charges common of Current L.s• — profit *$877,439 620,360 $9,306,459 Distribution, adinin.' and general Ruberoid Co.—Earnings— . — per 2231. p. 733,727 - 1,705,544 from Freight dis¬ the deposit property of Rochester Transit Corp. claims and interest.—V. 167, p. 474. sales '"Earned 617,181 $461,282 ' sales' _-L'-___-__.L—____■L___■ Net Cost ' Net V- 819,682 - 206,783 3 Months Ended— mortgages, together with all interest earned by or set aside fcr said securities Quarters Ended March 31— 23,448,271 507,189 895,650 expenses— ———71,968 — estimated income ^ear-end. $2,314,302' *$2,071,229 aforesaid theretofore for "Reclassified r " April ^ * 'r Net /v? exchanged not certificates of or in modified. as the and all any deposited ■' expenses general Scott Paper €0.—Earnings— - reorganization 1949, by holders of 1, issued dividends and of and/or $27,960,779 27,519,881 and wages and other expenses— depreciation-and amortization Earnings $9,067,015 income___ ry.oper. *Deficit.—V. Tne delivered plaii of "" 244,877 . 1949 railway Net from railway— Net ry. oper. income present, surrendered, said OF " 7 - Prom Jan. bonds for t ral)way_i.__ railway—; j from Net 1, 1949, no bonds or certificates of deposit for' the bonds the aforesaid mortgages, or any of them not so presenteo, under 24,362 $33,815,391 —,— materials, incl. 103,235 taxes administrative and Interest 234,273 $2,095,611 V 11-872 : $912,942 . 205,727 from Gross issued under tribution 4,394 275,036 Depreciation set aside 161,175 $2,326,174 $917,336 $1,004,614 EARNINGS earned or 179,550 Selling, it t by — property for Prov. 1,934,436 . ; $523,851 Corp. as provided in the plan of reorganization of New York State Rys-. (Rochester System 1 as modified, dated Dec. 1, 1937 and in the oraer oS the Court dated Jan. 17, 1939, together with interest and dividends .'After July 49,804 series of the City of New York, or in the case of first depository which issued such certificates on or for exchange for securities of Rochester Transit the - 2,146,624 . income— ' deposit such bonds or and other Total $22,830,920 $23,718,423 867,532 • for __5— of Securities Ter¬ any or Dividends, .interest Construction certificates of *1948- $33,581,118 $27,857,544 Contingent charges—in¬ if..- ','L.L L;;L holders or 1949 re- ' ■/., aforesaid deliver National mortgage before bonds I$8,031,395 ; 4,559 Fixed charges State Rys. first consolidated and certificates of deposit therefor, 1962, • < salaries, 954,306 from Balance York New 1, 689,393 $1,009,173 Deduct's holders of Rochester Ry Co. first mortgage and Rochester Ry. Co. bonds, second mortr 1930 4,377,720 - $7,737,937 income.. oper. Balance Rochester Transit Corp.—Exchange minates on July 1, 1949— Subs.)—Earnings— > sales, fless discounts, outward freight, turns and allowances——.; Provision Co., New York, N. Y., has been appointed trustee, paying agent and registrar for $16,677,000 first -*'L"ibonds due March 1, ,1979. See V. 169, p. 1819. oper. ry. Other" income V: \^v':;'' ;; ■ of $9,854,818 $27,481,916 $28,135,329 Manufacturing costs, — .vL.- way expenses Total Shares .—"5,000 (Inc.) 2,500 (& 13 12,820,223 Li Inc.——-J. 2,500 2.000; Co. Co. Corp. Gross 4.251.2411 pur¬ &,Co.2,500 & 1,561,450 of Other ' Co. Steel Quarter Endad March 31— & struct. ' Inc.— • Sharon 1949—3 Mos—1948 $9,606,676 Milwaukee Co.——— 2.00Q <v .;»:•* Bankers Trust & Cooley Spencer. Trask; &. Co.——— -0,700 v be (1997)' Ry.—Earnings of System—, 1949—Month—1948 2.- revenues - Maintenance NO.Of' 'L;;..;V;,': Coffin & Burr Inc.—_ Hutzler— to CHRONICLE the of ... Stroud Co. shares : FINANCIAL Transportation exps.___ on incurred underwriter numbers of 6,700 V & Period End. Mar. 31— • each of follows: as Bros. outstanding & St. Louis-San Francisco Maint. costs. name COMMERCIAL Operating indebtedness represents VShares Carl which notes .payable No. Of Salomon the sale of required,, to may then be of the company. notes short-term and received from to the extent amount face $18,850,000 was construction 6f UNDERWRITERS—The , oe remaining amount THE similarly applied, be to uponrthe outstanding short-term The lor Number 4801 preferred new the 169 L-V-V; firscal must and (d) payment company for declaration, or and 70% of two-year period terminating prior to such payment a exceed 1948 the dividends 43.5% were Dividends cannot be paid and declared. or 38.0% the declara¬ or (Dividends respectively of paid in earnings.) net paid unless after giving effect net the end at quarter immediately to such pay¬ ments, Safeway Stores, Inc.—Domestic Sales LowerPeriod End. Apr, 23— •r 1949—4 Wks.—1948 T' - Domestic sales Canadian sales ■—v. $ $ *■ • - 86,561,321 92,837.537 7,245,691 ________ ;■ y 6,451,495 ________ Six Months Ended March 31— 'r' <g 347,595;833 369,241,896 27,476,563 24,361,013 Equity v discounts in earned, San Antonio Uvalde Net earnings of insurance subsidiary consolidated & Not ;V 1947 194G $295,739 2.957 19,692 *50,668 Net •Times Jan. *51,850 621,316 744,354 11,997 *66,230 *159,736 *225,662 *266,275 *162,563 2,781,476 2,339,660 497,083 347,889 -L. of the . a 1948, \ to change sales is now the tBased March 31, on r hand .••. under a portion be manufactured.underthe of: the brand company's prepayments final and (g) bank V-t 1949 "...: The 169, of preferred " April April 1, 1952, and April 1 of each year 011 to make annual principal payments final payment 071 April 1, 1964, of entire loan. However, the company; April 1, 1950, make additional prin¬ of $100,000 each, thus reducing the amount the of is allowed to make equipment loans and current at long as the aggregate of these do not exceed company borrowings §1,500,000. FINANCIAL .Cash :'L POSITION AT MARCH 31, losses) 46,536,792 1949 .102,963 Actual _L; of Other cmrent assets— ; "Pro Forma $573,996 $1,031,339 2,762,009 ! products 2,762,009 1,702,428 1,702,428 $5,038,433 $5,495,776 2,035,722 1,985,722 $3,002,711 $3,510,05* 41,711,981 notes-receivable—_^_ assets— — Inventories 1948 $4,100,882 capital (less stock reserve of for wholly over equity in net . 135,312 owned 525,050 assets 500,000 697,055 consolidated—.*— not Total Current thereof 51i;637 ,v current _______ assets ; . liabilities 451,612 r at^-datesr of "acquisition—un%naortiz, portion^^ Deferred charges *__LL4—t—------- ; 31 $6,229,787 in subsidiary . payment payment. <7.4 recoveries: 1949, March 31, 1949 MARCH equipment and improvements (net)-' Excess ' of. cost of,acapital stock .of subsidiary products name San-A-Pak.—V. on , on restrict • SHEET, Furniture, companies that •' BALANCE ' v-V demand deposits^ receivables Investment made through 1, 1963, of $100,000. This will require a $800,000 in order to liquidate the may, at its option, on and after $1.01 • $1.05 less 909,380 shares 1948. $948,890 9.4 ; receivables, on on V v Accounts land .V.¬ being on Instalment ^hcludin^ lacia} tissues,'-'dinner napkinsand Poin(ed put, for losses $468,085. 815,115; shares Cash recent report to stockholders pointed company's i tMhroom tissues Vln, 1491. proposal thereafter, on •. requirements do not dividends. Current Co., Inc.—Changes Name— Katz.^President, in '■ dividends earned— common share outstanding preferred $534,356; and $1,064,902 - ASSETS—: a 527,000 612,000- CONSOLIDATED Products, Inc. bulk taxes— income 169, p.. 1711. on, April 26 approved corporation to Doeskin the L . dividend . $4,163,439 ~L~.——a '. ^Including provision 3,800 income.— stockholders that for tEarnings per 830,616 oper. ' ' 31.) The cipal *104,595 51,906 Emanuel p. * *90,877 .849,71.1 of this name ; railway..—. San-Nap-Pak The stock $4,955,461 paid '■ _1— Provis"ion 1— from.railway ry. (c) 38,285 $188,089 from after adjustment for the Prudential loan would have been $3,510,054 March $4,163,439 not l___-rL Interest 194a $286,789 *Deficit.—V. out RR.—Earnings- railway,._L~L Li'V-. *2,512 oper. income ^ *G7,768 From Net Gulf 1S49 railway...— from Gross .$4,917,176 —_■————_,--I "Operating, expenses $273,966 from ry. etc.— (f) Signode is required March— Net commissions, 1567..' 169, p. Gross 1948 1949 . Interest, Total . the working capital would be at least $2,500,000, exclusive oi Inventories of strapping tools and machines. (Signode's working capital Seaboard Finance Co. (& Subs.)—Earnings— 1949—16 Wks.—1948 570,843 745,808 531,188 Net current assets—working capital.L—— yVdd gssets other than current: r Strapping tools'and machines— t Property, plant and equipment-— ; Other • npneurrept __i— 3,006,972 3,670,161 3,670,161 522,563 522,563 $7,199,696 assets'—— 3,006,972 $7,199,696 $55,134,472 $48,206,038 St. Louis Brownsville & Mexico March—). y ■ f from railway—if" ,t- 1949 Gross Net from "Net ry. -» Gross from Net from Net ry. —V. income— 1—v': $1,995,222 232,222 670.06Q 141,001 O • $1,881,681 . 364,670 ' ■ t •«. 322,065 Z 4,891,511 Net r 846,633 2.198,834 1,683,920 f, 355,321 1,141,658 ry. L : 5,989,415 .. 'V : Net ry! 1948 . V. $369,491 $383,940 106,271 .,v 93,891 income— 43,987 35,829 .1947 $348,427:= •v 797,959 $319,603 • 41.015 *17.259 976,064 853,241 267,462 225,053 261.816 income— 90,833 64,219 oper. "Deficit.—V. 169, p. : 1711. • 15, 1951_ cpnverti|)le preferred stock------—- Capital Earned (par $1) ' , . > .96,859. 170,471' .. . *No 47,190 loan, matfifitips pve?.- one year ^Equipment loan (net)—— ; Fifteen-year note—Prudential Insurance Co. Customers' Reserve 8l5,il5 — 4,769,474 1,651,25$ /; & contingencies——1—_ ^ •T^"'' a' 2,000,000 1,609,850 1,609,850 53,401 53,401 _1_ ':h Total liabilities other than current—— $55,134,472 $48,206,038 share.—V. 169, pp. 382, 808. * ; ' Net wotth "G.ivipg effect $3,155,908 Gas Corp.—Secondary Offering—A secondary, distribution of 25,000 shares of common stock (par $1) .was effected May 5 after the close of business Lby Smith, Barney & Co. at $29% per share. Dealers dis¬ count $1.—V. 169, p. 1889. , , (tbtal assets minus total to Prudential loan,, liab.) $3,663,25$ $7,046,499 $7,046,499 ' s > ; ■ I'l.-Z''1' . Changes in Personnel— John Oii deposits anri prepaid rentyls___ 750,000 742,657 3,851,807 1,983,650 stock at stated value of $50 per Shomrock for 4,920,600 ____________. surplus surplus par ' 26,045 1,066.417 ■": Dec. i- 1946 1,065.151 f notes* due ,, Term 140,322 1,350,445 4,144,600 909,380 - 5.750,000 1,521,282 Common ^stock ; 105,886- . *$2.60 1,657,546 railway—— railway-—— ; 397,959 5,750,600 subordinated current Funded debt— 349,198 Unearned ^income-w—_— y. — 1949 ... railway—_ railway—'—^ oper. from — 245,633 4,451,258 1567. p. from Net 463,001 Dealers'* reserves, ——f f assets other than Deduct liabilities other than current: 1,209,338 373,450 ; piyi^ejbdS tpfi'yabie 233,619 v 730,1-79... income— 'From Jam 1— Gross 1,559,002 v 4,261,247 March—Vr from $33,415,000 $27,770,000 Notes." payable—unsecured _—__——-----Taxes payable and accrued——— 421,489 731,498 rauway____ Gross "from Net L ~ . v, ,st. Louis-Sail Francisco & Texas Ry.-Earnings• Total .^LIABILITIES— 194G $1,545,355 ; raiiway____f_ oper. 169, V Ry.—Earnings- 1.9481947 ,343 railway—r__^ oper. From Jan. '* H. Leslie, engineering, previously Vice-President in charge of research and) has f>een elected President. r ■ , John W. Leslie, foriqer president, and John S. Gorman, First Vicepresident and Director of SfUes, have been elected to newly established offices of Chairhian and Vice-Chairman of the Board, respectively. ■ Joseph Pols, Treasurer, has been eleqted ^ Vice-President and J. Moon, Sales ManAger, has been promoted to Director of Sales. 1 M. . - COMPARATIVE sales Rei. 198,117 25,797 145,362 31,813 $4,386,901 $3,868,658 4,002,428..-. 3,469,897 —148,019 157,225 2,661,600 $236,454 $241,536 $251,892 124,726 105,931 87,583 $111,728 50,744 $135,605 51,873 $164,309 - Operating cost and expense-!——_ Federal income Earnings * tax • w ; -- paid".,: Dividends • Surplus for period Preferred shares outstanding outstanding preferred share share— per Earned per —V. 169, $4.66 shares authorized $4,457,776 2:301,009 Net from 1,920,405 Net ry. 269,909 309,396 643,599 467,834 241,760 300,985 549,285 432,358 $1,248,114 $1,152,821 466,605 407,430 $1,006,984 324,209 depreciation for Taxes other than Fed. income taxes taxes—— Federal income —. earnings from operations— __ income (net)_——: —-— Net Other Total deductions (net) Gross accrued Dividends stock— pfd. on Balance Cb«v. Eafftings per —V. 169, 3,629,824 2,597;856 98,478,577 93,487,100 23,620,441 9,484,334 2,611,062 169, p. 8,176,344 ry. 1947 1948 Net from 2,691,703 $3.21 $2.62 Net ry. letter of notification with the SEC for 125,000 shares of common (par $2), to be offered at par. Under¬ writer, Charles E. Bailey & Co., Detroit. Proceeds will be used to pay cuffent liabilities, buy new machinery and to provide additional work¬ The 444,529 2,010,169 61,301,230 15,896,624 56,376,029 13,288,263 54,967,549 12,217,645 7,121,727 5,660,344 Water South of which Corp., Service and Bay, 530,565 131,469 "Prov. for Taxes (other than 1949—12 Mos—1948 78,768 74,195 1,224,075 inc.) 98,336 1,241,360 Other $411,279 $6,331,887 $5,338,631 2,314 994 65,905 for and continue to income Net 2,480,503 month the alohe April which were South Bay's $19,000 South rates There would Bay six are Co., Inc.; rates are in individual dividends cumul. on preferred stock Earnings to to 1,349,832 shares of com. stock share of common stock per "Includes depreciation operating expense the Uniform of Accounts the of $3,103,396 $3,529,948 $2.30 $2.62 equipment which is the books of the company on System transportation on (Includes 112,486 shares issued in March, charged S. A. Marburgei- S. regulations and the of P. its of excess current assets. to for dent . New Lancaster properties, of though even substantial any in increase operating revenues that hearings with respect to would not be pro¬ successful, revenues, of some by of the reason the smaller iive of Federal been sold Sfervice equity officials the in When the assets South York Service Water officials felt that security holders with SOUth Bay might operate to the detriment of assumption of control equity no of r;>. :• . Nbw in the of the debt holders and other from ry. and named ViceDivision, ac¬ been have Holland in the Machine Division Lancaster, new a and Pa. assembly 1948 $188,735 the New of Holland's New Co., ac¬ for farm center $159,408 including bond and interest sub-divisions in taxes and which due South to Bay's properties are located. New York Water Net from Net ry. 38,560 in its balance sheet as at Dec 31, all made York YoiU by* New York and Federal Water & Gas controlled New Service Corp. These assets, representing a cost to New Service at the time of their acquisitions under previous Water Water managements balanoe V. . 168, p. $1,647,748, of New York were carried Water 423,024 479,295 454,350 345,220 "7,303 107,434 113,951 eight shares shares this of a zero Corp. at valuation Dec 31 on the 1948 of Eltectric output Inc.—Exchange of Stk company's stock is now being made on the basis Mathieson Chemical Corp. common stock for each Southern Acid stock.—V. Southern Colorado Power of 109, p. Gross 73,746 37,177 * .37,290. . 30,875 169, p. 15 3,040,000 Portland & Seattle Ry.- as Co.—Weekly Output— compared SEC— use the proceeds of the sale of the bonds to provide a portion cf the funds required for property additions and betterments or to reimburse its treasury in part for expenditures made for such purposes These expenditures are estimated at $11,700,000 for 1949, 1950 and 195.1 1820. $279,716 716,201 = 169, 815,870 803,173 906,862 23,090 11,822 32,331 18,462 "1)2,964 "183,612 "143,121 "146,573 1713. p. before 1948 1949 $844,322 $626,328 taxes 238,005 share per $523,579 $1.13 $1.52 shares—L 344,000 on 320,843 $388,323 . 949. Sylvania Electric Products, Inc.—Earnings— 1949 >, 1949 $27,108,895 earnings Average of 1,228,772 1,162,737 1,006.550 $1.06 taxes shares common - share per 169, $24,547,529 1,176,815 $0.88 after no. Earned —V. 1342. P. of after income No. 1949 1943 $157,795 $172,310 322,056 322,056 $0.46 charges and taxes— shares common Earned —V. -— $0.51 share per 950. 169, p. | Tennessee Central Net from Net ry. —V. 1947 1949 from Gross Net from Net ry. from 630,464 390,360 460,890 230,266 364,067. 68,561 214,714 43,271 income 5,516,737 5,827,653 1,243,509 979,814 462,681 7,996 Staley Manufacturing Co. 5,089,237 169, Texas Gulf Gross 722,330 429,316 111,098 (& Subs.)—Earns.— 1949 1948 $7,318,082 1,440,815 298,860 254,552 1,766,334 224,874 555,000 682,000 2,024,000 Depreciation 1,058,772 856.674 50,550 120,439 86,026 65,175 "170,271 "26.550 "30,252 1604. p. Sulphur Co., Inc.,—Earnings— for income on (net) profit $905,268 outstanding Earnings per share $1,113,166 846,506 „_ shares COMPARATIVE 846,506 $1.26 $1.01 BALANCE SHEET, ASSETS— income $14,954,696 $14,303,976 $11,871,986 9,423,051 profit 169,977 118,416 430,179 287,104 100,000 1,897,000 100,000 1,083,000 2,501,000 2,318,000 $4,512,979 $2,952,734 outstand._ $5,582,020 3,840,000 3.840,000 3,840,000 Earnings per com. share "$1,.90 $1.45 $1.18 $0.77 — shares Com. The ~ during the March states that report approximately 80% supplied quarter 1949 sulphur the of required by the company Sulphur Ex¬ for its sales made abroad, resulting in higher earnings for the company than would have been the case had it supplied the usual port Corp, indications Present Corp. Export are that the more than half of 1949, with current company its tonnage will supply Sulphur for the remainder 1949. of As and MARCH $3,302,874 846,506 $3#5 31 March U. S. Current amount the depreciation) charges Total of surplus of Reserve March at $27,500,000, corresponding date Texas Mexican 1948 $1,380,299 6,449,818 Gross Net from 28,300,480 Net ry. 328,417 25,646,573 17,409,660 918,496 $53,817,137 $54,787,170 March $46,749,607, in the $40,533,412, unrestricted, 1948.—V. 169, p. 1119. for was restricted with 31, Ry.—Earnings— 1947:' 1949 1948 $269,909 $249,758 $249,160 $186,759 98,980 93,982 125,923 27,407 income— 47,353 47,163 95,327 "4,075 803,359 685.671 654,745 531,411 288,581 235,118 279,696 152,133 130,318 105,173 183,749 60,589 oper. 1946 1— from from cash in railway— railway From Jan. ry. $19,465,726 provision for current taxes, contingencies amounted to $3,516,608. 1949, compared at from Net including $11,036,950 for 31, March— Gross assets, certificates, were $27,600,423. This does not sulphur above ground or materials and supplies. including liabilities, $11,699,114. Earned 973,955 assets 31, Treasury include inventories 315,342 Inventories for $4,541,254 195,099 502,387 100,000 inc. taxes profit 18,125,394 receivable res. 7,110,135 8,677,506 155,741 434.254 - $6,332,056 3,340.000 Net 1949 (less 1946 1947 sulphur contingencies- $4,532,851 4,223,022 Cash assets 1948 1949 from & Operating were Deferred 12,190 1,105,666 1947 $3,490,533 1,351,677 Permanent 693 1,174,215 _ misc. rev, sales 4,588,625 1,239,650 ■f $3,110,805 earnings Other "12,213 income— .(Not availlable. 3 Months Ended March 31— Net 50,732 31,814 railway oper. "Deficit.—V. of Common $312,350 44,111 231,425 railway Fed. & for'gn 1568. taxes 1946 $371,269 61,882 1— Jan. from 50%. (A. E.) 1947 $416,402 90,787 income— oper. ry. $1,729,804 income p. 1948 $415,821 railway railway 1946 $1,807,654 railway 169, Earnings— 1948 $2,010,435 railway oper. Ry.—Earnings— March— 1— railwayrailway- income— i'"-; oper. "Deficit,—V. 169, 1492, p. LIABILITIES— Notes payable — ! Accounts payable Sinking fund Sundry other Funded Capital — Net from 1,873,505 _• 6,742,608 1,685,562 Net ry. 3,550,000 accruals 225,000 4,022,012 income stock surplus 011 Texas & New '937,792 225,000 debt Earned taxes $3,000,000 $1,191,222 payment Accrued Federal The company filed with the SEC on April 29 a registration statement proposing the issuance and sale at competitive bidding of $3,000 000 of first mortgage bonds, series of 1949 due 1979. The company intends to 169, p. =80,913 income Net Southern Indiana Gas & Electric Co.—Registers With —V. "36,774 taxes 169, p. Res. $2,101,201 this company kwh., "44,148 Depreciation railway from 1340., for the week ended April 27 1949 with 2,553,000 kwh. for the corresponding week last year, an increase of 19.1%. v. 169, p. 1890. totaled "7,439 =76,402 3 Mos. End. Mar. 31— railway Jan. Accounts of 22,331 Quarter Ended March 31— 74,198 . Southern Acid & Sulphur Co., 3V2 at Service 2231. Conversion of of sheet —V. 10,199 1948 fully reserves its investment in the common stock, preferred stock and loan account and notes of South Bay which it owns. These investments were 1947 $278,407 20,499 22,506 15,551 income oper. From Federal Service 1946 1948 $325,422 • income— $116,469 58,079 Expenses divisions profit Federal Net 33,126 $198,609 ' 1949 from Gross governmental Ry.—Earnings— Sutherland Paper Co.—Earnings— 1946 23,521 railway Spokane requirements the ' =26,056 1— "Deficit.—V. Net 1947 44,434 railway oper. sentatives of the preferred stockholders made it imprudent for New York Water Service Co;p. to continue to finance the current working capital Bay, $0.60 $238,716 - railway—. oper. From March— Gross ;- by assets of South Bay. Both the management and executive com¬ mittee of New York Water Service Corp. felt that the circumstance of assumption of control of the South Bay board of directors by repre¬ South $926,738 $0.97 railway Net creditors of '!• 1948 1949 , Amortization Bay basis. representatives railway "Deficit.—V. Bay preferred stock issue has no after deducting South Bay's debts, are restated on an original cost South Bay of for (James) Talcott, Inc.—Earnings— former Dellinger Manufacturing the railway income—* from Net that the South state assets of fixed operations includes oper. Net Bay's nine directors. No dividends have been paid Bay preferred stock since 1932. The stock had originally the late twenties and early thirties. New York Water in Dellinger New 1949 from Gross South the South issued 1949 Jan. ry. From Jan. 1— very properties , on C. President of March— produced. (4*1 Assumption of control of the board of directors of South Bay by representatives of its preferred stock. The preferred stock of South Bfty contains provisions whereby, upon default of four quarterly divi¬ dend payments, the'preferred stock, voting as a class, has the right to elect be $1,456,233 share railway- from Net 1949.—V. 169, p. 1820. Spokane International RR.—Earnings— rate stated Delp, Holland plant from amount will 808. p. from Gross ry. smaller Paul corporation's quired by Sperry last; Fall, machinery.—V. 169, p. 949. Net small which taxes railway oper. income— Net Machine Co., Sperry farm machinery subsidiary. Mr. Marburger is Vice-President for the New Holland plant at Belleville, Pa., where he is General Manager in charge of manufacturing farm equipment for the New Holland line. Mr. Dellinger is Vice-Presi¬ Net the ; Holland rules bond interest and pay Gross ductive of ar.d George C. to not officials the of cording Bay Iri company ry. in accordance with Power Commission. Sperry Corp.—New Vice-Presidents of Unit— Presidents capital purposes. Quarter ended March 31— hearings with respect to each property, no matter how small, would require a very considerable period of time in order to effect any substantial increase in operating revenues. addition, Net Net tBal, applic. have to file for them property by property. properties in South Bay Consolidated Water individual and corporate including those 169, p. 1492. Sales at a level which would permit the company to earn sufficient operating income to provide a fair return on depreciated original cost of property plus working capital. The P. S. Commission has indicated that in order to obtain increased (3) ; for from 345,313 $6,397,793 income Accrued 22, 1949, South Bay had cash of $26,526. In cash requirements for bond interest and taxes At March 31, 1949, South Bay had current its May $124,500. are liabilities At of from resulting services, new Commission. Net $3,448,709 387,341 $412,273 $5,380,252 1,931,543 $3,917,290 $462,723 deductions compulsory investment requirements the meet to future common from Earned Gross t- ■ . to permit South Insufficient cash (2) after 169, Net Income Capitali¬ 41,621 income . taxes the outstanding, 13,654,150.—V. per Gross 1,058,698 $460,409 operating income- in that while there is no present plan shares, the directors believe they should Quarter Ended March 31—■ Net , said Staten Island Rapid Transit Net creditor, announced April 27 that, as a creditor of South Bay," it had filed a petition in the Federal District Court to have South Bay placed in reorganization under the Chandler Act. New York Water Service officials indicated that its decision in taking this step stemmed from the following factors: (1) Insufficient fxed assets on an "original cost" basis, after pfoviding for depreciation both as required by the P. S. Commission, to ffover the total debt and accrued interest of South Bay. The debt of South Bay consists of $2,839,000 of first and refunding 5% first mortgage bonds due May 1, 1950; $173,000 of Great South Bay 5s due Nov. 1, 1249, assumed bv South Bay; and note and old loan account due to New York Water Service Corp., including interest accrued but not paid, in the face amount of $1,051,739. The South Bay bonds were soid in 1925; and the assumed Great South Bay issue was assumed by the company also in 1925. Both the sale of the larger issue and the assumption of the smaller issue took place While South Bay Consolidated Water Co., Inc., was under previous managements. The insufficiency of net fixed assets is based 011 writing plant account down from the appraisal basis, on which it was set up in 1925,1 to original cost; and adjusting depreciation reserve to estimated lives established and required by the Public Service commission. of California—Increase additional in now profit —V. 1,009,600 112,519 depreciation- $9,000,800, remains Standard Steel Spring Co. (& Sub.)—Earnings— Gross Earnings— $1,183,613 $16,024,367 $13,571,970 501,640 6,023,407 5,188,441 98,163 1,203,637 966,601 $1,313,731 Maintenance substantially all of the same time is South Bay's owns the at Petition — Service Co. 1949—Month—1948 Operating expenses. Co. Chairman, of total From Southwestern Public Period End. Mar. 31— over , March— it is understood, company, little a Quarter Ended March 31— Net 5,592,851 4,594,094 plans to ask for bids, to be opened on June 8 for the purchase from it of $7,500,000 equipment trust certificates.—V. 169, p. 1890. single largest income oper. Operating revenues stock common railway— 54,563,902 railway——10,303,849 now 1946 a ing capital. York its „ available Shares Earned from Gross > railway— $18,948,872 $21,282',992 $19,350,090 $19,507,336 4,424,619 2,005,609 5,877,338 4,765,390 2,156,721 backlog, on May 5 voted to increase authorized 15,000,000 to 20,000,000 no par value shares. Collier, issuance scrip, Ry.—Earnings— income- D. for railway oper. H. be 1949 from from Net —Files With SEC— Niew from stockholders stock from , 1713. March— Net $937,401 356,814 South Bay Consolidated Water Co., Inc. Seeks Reorganization Under Chandler Act— remuneration extra no zation Approved— To Sell Equipment Issue— The company on April 18 filed received 169, p. 705. Standard Oil *=2,274,360 =1,809,404 7,781,911 The ; income— Southern Manufacturing Corp., Roseville, Mich. D.) (H. it Although there has been a decided iet-down in obtaining new orders^ Clansky said, the company has a fairly good schedule for the quarter. He forecast fairly good operations for the next six : 1890. p. Smith which Mr. $33,538,748 $31,168,279 95, 151,778 105,810,530 11 832.075 22,540,553 2. 633,310 8,229,677 railway "Deficit.—V. $1,148,437 356,814 share common for months if the comnany's 3, 427,645 railway.—- oper. $3.04 31— $0.01 meet He pointed out that such conditions were not in effect during the corresponding period of last year, that tlje situation has eased and that the company is not now ordering premium steel. : i 1— from from $1,300/757 428,176 — outstanding Mar. shares 96$ 266,000 $0.53 » $0.93 1946 1947 From Jan. 1— * to steel firm.—V. 1948 $35 397.127 $37,611,127 6, 765,314 9,104,383 income oper. Net ry. $1,448,963 $1,296,642 $1,085,606 148,206.' 148,206 * 148,206 income railway, railway From Jan. Net Gross Net 266,000 $0.95 266,000 1946 customers." Earnings— 1949 from Gross $1,331,193 245,587 $1,560,251 263,608 $1,714,719 265,756 income Gross 1947 1948 $5,144,568 , order mium program March— 300,665 345,674 733,777 558,367 ——— Maintenance $1,437,000 141,579 second 2:357:747 revenues SSS 1947 $2,494,000 253,903 266,000 delivery requirements and to effect better oper¬ ating schedules during the first quarter of this year," Roy W. Clansky^ President, said, "the company utilized a substantial amount of pre"- „ 1949 $5,544,343 31— 1948 $3,608,000 profit "In ' 1949 — Com. shares outstanding Earned per share additional common stock in the ratio of one new share for each 10 held. Price of the offering and the record date will be determined later. —V. 169, p. 1890. Electric Co,—Earnings— 12 Months Ended March Provision Net at the annual meeting. The company's this year is budgeted at $4,300,000. Chairman of the Board, and C. P. Rather, President, on May 5 announced that the company has filed with the, Securities and Exchange Commission ari application for permission to issue $u.bu Corp.—-Earnings— $4,146,000 247,035 Shipments C. T. Chenery, Southern Pacific Co. Operating Standard Forcings Quarter End. Mar. 31— . Sioux City Gas & Monday, May 9, 1949 increase in an was construction $4.8o 1890. p. it common f k 2' $0.5b approved retired; employees. The retirement disclosed, will cost approximately $200,000 arinually for the first 11 years, and $157,000 annually thereafter. C. T. Chenery, Chairman, and C. P. Rather, President, stated that the company has no present plans for the sale of the additional 500,000 0ec'o#!2 ^4.66- $0.53 common May 4 on order to grant greater benefits to in plan, 161,875 L 37^°99 shares Common KUflhed CHRONICLE FINANCIAL the authorized capital stock to 2,000,000 shares from 1,500,000 shares. Approval also was given to the proposal to amend its retirement income plan $3,075,367 Total stockholders The 93,156 13,367 tools & machines royalties and other inc. from, strap, & Southern Natural Gas Co.—Stock Increased— 1947 $2,968,844 1948 $3,691,483 1949 $4,162,987 ——- Dividends, ACCOUNT INCOME three Months Ended March 21— Nit COMMERCIAL THE (1998) 14 3,775,000 13,465,060 13,465,060 29,490,338 24,956,148 —V. 169, p. 1492. $53,817,137 $54,787,170 1949 from railway oper. _ 1947 1948 1946 income— $10,210,974 $11,237,304 3,514,608 2,708,326 $9,733,583 3,363,889 713,542 375,950 _ railway- 1,489,142 1,467,192 2,168,364 29,629,946 31,795,623 9,130,738 27,313,832 25,698,120 3,609,392 3,564,392 6,308,302 $8,609,253 From Jan. 1— Gross from Net from Net Total Orleans—Earnings— March— Gross ry. —V. railway _ railway income— oper. 169, p. _ _ 6,850,041 2,479,776 3,649,291 1492. (Continued on page 51) 4,721,974 Volume COMMERCIAL THE Number 4801 169 & FINANCIAL CHRONICLE 15 (1999) Stock Record «» New York Stock Exchange DULY RANGE OF PRICES WEEKLY VOLUME OF TRADING YEARLY RANGE OF SALE PRICES FOR EVERY USTED ISSUE STOCKS Range for Previous Range Since Jan. 1 Year 1048 Lowest Highest $ per share $ per share 76' 100 Dec May 2Va Dec 6% Jan 44% Dec 55% Jun 14% Feb 23% May 35 Dec 46% 27% Dec 41% July 7% Feb 22% Jan Dec $ per Sper share 38 17% Feb 10 5 Dec 99 27% May 108 Nov May Adams 30 Jan 14% Feb 19% Jan 6 18% Jan 3 97ya Mar 9 100 $3 Air 4% May 3 13% Dec 13% Feb 15 65 Nov 21% May 80% Jun 3% Apr 15% Mar 64 Apr 14 70 2% Feb 25 3 40'/a Feb 25 4% May 58% Oct Feb 37 65% Dec 64% Jan 75 May Dec 34 May Dec 109 May 99% Apr 90 Mar 96 Apr 91*% Apr 11% Jun 23% 7% *171 Dec 198 Mar May 104 21% Jan 16'A Apr 25% Dec 25 ys Feb 83% Jan Mar 30% May 25 77 ys Jan 3 82,% Apr 20 X25 Nov 31% Oct 26% Jan 3 31% May 5 3% Jan 6 3y8 Nov 44 6% May 3 Jan 3 Jan 37 Apr 29 43 50 121 18% Mar -58% 31% 103 3 Dec 10 Mar 30 American Jan 4 63 Mar 30 3%% 20% Jan 3 24% Mar 31 74 Jun 10 Va Dec 6% Jun 92% May 76% Feb 163% Oct 28% Nov 177 19 8% Mar 25 Jan 10 104 30% Mar 23 common cum 93% Apr 27 3 177 7 Jan 69 28 82 Apr 39% Feb 20% Jun 14% Dec 22 ya Jun 81 Dec 94 Jun 77 33% Feb 43 Oct Jun 11 108% Feb 15 46% Apr 4 15% Feb Mar 11 8 42 Mar 11 Jan 3 105 Mar 12 29 Ya Jan 3 36% Mar 31 non-cum f per 5 17% Jan 19% Oct 15% Feb 24 19 Apr 13% Jan 5 1% Sep 4% May 1% Jan 44 Jan 4 43 y4 May 7% Jun 6% Jan 46 Jun 53 Jan 47 26% May 24 8% May 92 10% Feb Jan 15 ys Dec 5% Jan 73 Feb Jun 31 37% Feb 4 4% Jan 20 47% Jan 27 5' 28% May 5 80 y4 4 May 102 Jan 30 20 12% Nov 21% May 12 y4 Feb 11 14% Apr 12 72% Dec 94% Jun 76 Jan 3 81% Apr 20 10% May 6 Feb 15 Feb 6% 5% Jan Feb Jun 7% Feb 25 83% Feb 11 176 Jan 32 70% Feb 22 Dec 12 y8 Jan Feb 28 Oct 23% Jan 46 Apr May x43% May 38 Sep 46% Feb 31 Mar 125 Nov >■ 68 163% Mar < 6% Mar 38 Jun 142 35% May Jan 130 Feb Feb 13 14 14 7 *1% *52% 7% 46% 89% *88% Co 30% 3% 41 98% 35% 30% 30% 30% 30% 7% 23 63% 63% *8% 8% 31 % 31% 102102 • 6% 7% 3 3% 39 140 28 21 Dec 27 Apr 21 y4 Jan 10% Dec 24% Jan 34% Feb 41 Mar 31 Apr 27 6% 17 18 Jan 6 92% *175 175% ~ 92% 176 27% *67% *26% *68 80 27'% 69 27% 3,500 6,600 5,000 69 *21% 22 21% 108 106'% 106% 42% 42% 100 22 V4 8108% 1,100 42% 42% 1,100 39% 40 40% 18% 15% 18% *18'A 18% 140 2,100 15"% 16 18'% . 16 16 700 700 ' *104 105 16% 16% 2 1% 1% 1% 54 50% 52% *51% 7% 7% 40% 41 104% 104'% *32 'V, 7,600 104% 700 33 800 Friday Sales fer May 6 33 Thursday May 4 the Week May 5 $ per share $ per share S per share 5% Shares 5% 5% 5% 16% 17 17 17 17% *16% 17% 16% 16 % 16% 17% 17% 16% 16% 800 1% 1T 8 1% 1% 1% 1% 1% 2,100 5% 5% 53% 53 54 7% *52 52 54 8% 1,200 1,700 52% 900 8'% 2,400 778 3% 8 % 46% *48 47 46 46 700 35% 35 35 35 35 3,800 1,000 45 *44 47 46 35 48% 32 79 PRICES Wednesday May S. share *77% 79 41% 41 104% 31% 31 % 31% Tuesday $ per 41% 105 105 31% *77% 79 3% 3% *3% 7% 3% 4 3% 47% *46 47% 27% 28% 28% 28% 28% 28% 28 28'% 8,200 6% 6% 6% 6% 6% 6% 6% 9,100 *46 27% 7'/a *71 *71 76 12 12 12% 47% *46 47% *46 G% *71 76 *67 76 12% 12% 76 12% *12% 12% *12% 12% *71 76 1,800 17% 17% 17% 17% 17% *17% 17% 17% 17% 17% 17% 600 14% 15 14% 15 14% 14% 14% 15 14% 15% 14% 14% 6,100 *80% 83 *80% 81 *80V2 81% 80% 80% *80% 81% *80'% 13% 137b 13% 13% 81 80 80 *13% Snuff Co 22% 22% 100 *100% 1 *5% 100% 6% -No par 34 % 34% No par 934 No par *89% 934 89% Co *76% 12 No par Co *172 7% v *39% 45% 25 com preferred 28 *146% 38% 100 *140 Foundries-—No par Stores Co No par Steel Sumatra 81 6% Ltd com_No par No par Seating 13% 13% 81 *80 6% *6% 23 22% *100% 100% 13% *80 *6% No par Ship Building Co No par & Refg common—No par preferred 100 Ameriqan *77% 6% American Sugar Refg common 7% preferred 126% Jan 79 27% American Stove Co 30 15% 15% *77% 17 *17% 92% 92% !175 42 *15% 17 12% 3'% 22 18 % 18 7% American 120 Ya Apr xl6% Feb 18 17% *46 900 7% ' 16% 7% 4,900 3,800 102 7% 103 42 5% 45 101% *3y8 69 29 70 8% 32'% 3% 26% *106% 42% 81/4 32 102 »/4 1,400 66 7% =/ 7% 92% *67 21% 107 48% 13 July 41% 27% 24% Mar 29 10 106% 6% 12% Jan 37% Jan 21% 21% 21% *107 103 42 42% 17% 17% *15% 15% *77% 79 39% 39% 103% 104 *31% 32% 27% 4 25 69 *46% 6 31% Feb *67 ' 100 23% 3% 175 26% 26% 8% 32% 101 v 2 7% 173% 174 3% American May 91% 26 8% - 63'% 3% 3% 91% 35% — Molasses non-cum 91 102% 7 3% 23 *65 321/8 8% 32 102 7 • *62% 100 preferred American 8% 101% • 64% 31% 3% 7 Jan 8% *173% 25,500 65 31% 3% 700 9'/4 24 64 «/4 *35% Smelt 7% 24 8% *6% 36 'A 9 9% 1,900 1 preferred Am 24 *63% 3% 7% Amer 23% 64 31% *101 36% 63 23 *63% 102% 36 9% 62% 35% Amer Rad & St 3 36 9% 62% 9 400 3y8 42 101% 1 Amer Power & Light com $6 preferred 7 36 62% 1,600 of 111 American News Co 10 41% Feb 36 9% 62 23 23 *3 *38 42 400 31% 31% 101 % 15,000 82 common Co Locomotive American Metal Co 56% Jan 36 9 l Amer Machine & Metals 154% Jan . 101 3% Amer Mach & Fdy Co com—No par 3.90% preferred 100 4 *37 101 62 61% *81% 3% 42 100 36 9 61% *3 3% 3% *37 *35% preferred $5 3% 41 100 3% American 25 3% 301/s 29% 30% 300 89% *88 31% 5% 12 % 27% 82 5 % 16% 76 *88% 30% 82 35'% *67 6,100 82 *3% preferred 100 American International Corp.No par 400 27% 30% 50 com 27% 82 35% preferred Ice *27 27% 89% 29 1 com 27% 27 82 5 % 16% 7% 46% 16% 29 $ per share 6 1781/2 28% 97% 800 1,000 178% 82 *38 6% *16% 180 82 *30% 200 93 6% 16% *178% *16% 17 *27 300 2,500 271/8 180% 16% 721/4 211/a *90 7 34,200 4,800 100% 2iya 100 93 7 89% No par & Leather non-cum 11 28 par 4 3 20% May *17 5 5 131% *88% 179 30 46% 72% *90 6% 27% May 2 40c May Feb 8 24 8'% May 3 No par X29 % May 4 Jan Dec 32% 93 6% 27% Monday *5% 16% San'y com—No par preferred : 100 American Safety Razor 5 23% Feb 34% Jan May 14% Jan 175 8 11 6% 4% % Jun 16% conv American 35% 116% Mar 6% American 22 25% Nov 140 104% *90 6% 26% 69 ' 93 800 2% 46% 21% 1,900 14% 66 2% 101% 11,700 3% 14% 73 21% *100 100% 23% 66 46% 3,500 , 105 3% 3 73 21% *100 26% 69 39% 73 21% 6% 26% 15% 73 22 100% *90 91% 79 74% 21% 27% 173 % $ per share i American Home Products— 14 10% Apr 94% Apr 79% Apr Mar 31 6% American Hide 19 34 % 10 11% Apr 169 16% 139 *31% *72% LOW AND HIGH SAME American Hawaiian SS Co 101% Apr 6% Jan 8 Dec 16% May Feb 162% Nov *103 No par lo 30% Jan 3 11% 69% Nov 12% Jan 95% May 86% May Feb 7% Mar 14 22% Apr 29 4 96% Jan 35 80% Nov 39% No par American Jun 29 *77% 46% 26% 26% 42 18 46% 27% 91 % 20% 45% 27% 27 89% 28% 173 % 108 2% 16% 26 92 174% 2% 178% Apr. 30 preferred American Investment Feb Dec 3Va 141/4 65% 16% Saturday $7 2nd preferred A 20 95% • *107 42 *17% 15% 10 com $6 30 1 6 8% 20% No par 17% Apr 18% Jan 15% Mar 14% May 98 *69 1 97% 35% 14% 65% 177% 69% • 25% $7 preferred 4 Jun Dec 7% 92 No par , 31% 3% - '• 102% *7 *173% Foreign Power com__No AfSr Jun 5% Dec Amer & 12% 19 93 31 % 25 , 8% *99% 100 Export Lines Inc 7 26% July American 24 Dec 35 8% No par 100 American Encaustic Tiling-, American European Secur 75 % Jan Jan 24 y» Mar 64 % Par 23 13% Dec 23 % STOCK 7% Apr 16 '/a 6 * 14% 65% 16% 8% 23% No par 5 11% Feb 108 6 Jan 3 y4 Jan Dec 4 Apr 9 % Apr 3 Jan Feb 5% 10 51 Mar 21 3% Jan 8 58 3 35 Apr 2% Jan 3 38 ya Jan 20% 79 18 3 Jan Jan *3 *38 9 *63 % 1 Co 30% 61% *60 • Inc.—1 Cable & 28% *81% 30% 3% 42 98% 35% -10 common *88 82 • 100 $ per share 17 Dec Dec 8% EXCHANGE 6% Apr 13% Dec 98% *35 par preferred—_No par NEW YORK 28 14% Mar 3 '% *3 *37 1 preferred Colortype Co Crystal Sugar prior preferred— Highest share 4% Feb 7% May 35% 1 _50 com *27% 26% *13% *65 600 5,200 46% 23 3% 200 * *100 3% 46% *100 23% 105 3% 3 18% *46% 46% 23'/4 *100 18% 2% 65% 45% 23% 103 3% % 14 65% 178 STOCKS $ per share 77% *30'A 10 10»j American Cyanamid Co com lo 3%% conv preferred series A_i00 American Distilling Co 20 4% % Range Since Jan. 1 Lswest Highest Dec No par No par American 87 99 *88 28% *81% American 18 Apr 26% 50 American Chicle 17% Mar 21 11 15% Feb Year 1948 Nov 27% 26% 89"% 28 % preferred Range fer Previous 6% *27 100 Broadcasting Co 4 18% May 8 178 *16% 16% 22% *100 3% 2% *46% 46% *46% 22% 103 3% 6% 6% 177% 7% preferred American Car & Fdry com 5 % 7% 177% preferred 7% 93 *6%v *16% common conv American Chain 6 15 35% Feb 107% Jan 22% Mar 30 20% Feb *80 Mfg common-No par Jan 172% Mar 17 22»/4 5 preferred Airlines 74 102 '%. *100 18% *40 46% 22% 14 *65'% 66 2% 3 45% 47 *72 74 y2 21% 22y4 *100 101 *90 93 2% 45% *46% *100 14 14 No par Petroleum Corp 21% 22% *100 103 *3% 3% 21% 103 3y2 *45Vs *70 ' 22 l 81 20 37 46% 7% 46% *46 50 100 Amer Cable & Radio Corp American Can Co common; Jan Jan *46 V4 1 No par 7 33% Jan 89% 14% 7% 3% Jan 106 % May Dec 7% 3 Dec 42 7% Jan Aug Jan 7% 3 15 5 7% American May I per share 7 % 3 May Lowest 7% 11 21 29 49% May 7% com_ Jan 51 Feb 18% 10% Jan 110 Feb 17% 2 Apr Dec 94% 18% 6% May 100 Jan 25 18% American Bosch Corp common 1 Amer Brake Shoe Co com—No par 4% conv preferred 100 10»% Mar 29 35 25% Apr 27 18% Agricultural Chemical_No 6% Jun Jun 17% : American Bank Note 14 lOOys 18% Mar 38 66% Feb 62 ya Jan Amer 49 y« Nov 104% Jan 31 Apr 18 40% Jan 25 111 Sep 17% Alpha Portland Cement Amalgamated Leather Co 6% convertible preferred 3 43% May Dec Nov 6% 17% Inc conv 7 29% July 70 May; Feb 3V*% 3 51 29% 17% 7% Corp common preferred 6% Jan Mar *29 1,000 2.3C0 5,200 41 29% 14 89% Feb 68 *40 29 66 34y« Jan Nov 18% 40% 28% *65'% 2'/2 Jun 10 18% 40% 28% *13Va Mar 52% Oct 18% 40% 28% 5 May Dec 6% 18% 40% 10 Amerada 34'/a 47 5 106 Nov 83% Feb 18% & Allis-Chalmers 25 y8 Feb 451/4 28% No par Jutt 210 44% 40% No par 100 42 ys May 45% 18% Allied Stores 98 45% 29 Allied Mills Co Inc Dec 45% 2% 40 ya 6 Dec 45% 11,600 2% 2% 45% *28% 17% 7% 2 73 2% *40 Feb 26% 2% 18% 21% *100'A *3% 4% 2% 72 41 Allen Industries Inc 20 2% Shares 40 *70 72 the Week share 39% 40% *70 vr 29% 17% Allied Chemical & Dye Allied Kid Co Jan 40 72 *70 S 18% l Equipment preferred Inc 72 *2% 40% 40 40% Sales for Friday May 6 May 5 $ per shar* share *40 *28% 17% 7% 1 90 18% $ per 1 28 8 81 45 $ per share No par Corp__lo 28% Jan 25 ' 29 45y4 45% 18% Feb 3 Feb 34% May 37 y» May 91 Jun 25% Jan 25 17 8% Jan 10 188% Jan 24 Mar 28 174 16% Dec 45V* *45% 4y4(w Mar 12 93% Feb 4 *70 *2% Co Reduction Aldens 73 May 27% Jan 6 26 19 6% May 2 47% Feb 24 21% May 100 40 72 2% preferred w w 100 Allegheny Corp common l 5%% preferred A 100 $2.50 prior conv preferred-No par Allegheny Ludlum Steel Corp.No par $4.50 conv preferred No par Allegheny & West Ry 6% gtd—100 May Dec 2% 3 40% 70 2% 74 2% Vicksburg Ry Alaska Juneau Gold Mining Mar Jan Gas Alabama Mar 30 Nov 2% Express Affiliated 8% Apr 19 46% Apr 20 23% May 5 40'% 2.50 Co Corp Addressograph-Multigraph Admiral Corp 26 40y2 *65 Thursday May 4 May 3 S per share 10 Motors Adams-Millls 27% Mar 28 5 No par PRICES Wednesday Tuesday 40V4 5 new Steel Co Acme 41% Apr Jan Laboratories ACF-Brill 3 % Jan 49% Feb 19% Jan 35 May % S per share Par Abbott 21 Monday Apr. 30 Abraham & Straus May Apr 44 Saturday share 72 May 2 2% Feb 23 LOW AND HIGH SALE STOCK EXCHANGE 40% May Apr 22 70 7% Apr 26 46'A Apr 21 xl8% NEW YORK Highest Lswsst 23% 23% 7% 28 39% 45% 147% 38% 142 24 23% No par 9 9 100 100 34 34 120% 120 % 5 *17% 18 Tobacco 13% 79 6% 6 .6 500 23 % 23% 23% 233/4 24 24 1,800 100% 100% *100 % 100% *100% 100% *6 22% 5% 57s *6 6% 34% 34 34% 6% *6 *33% 35 9% 9% 9% 97 s 89% 891/2 89'% 76% 75% 12% 12'/a *172 7% 29% *39% 45% 44% 147% 146% 38% 38% *33% 142 45% 147% 23 120% 17% 17% 24% 23% 5,800 4,300 > 45 38% 23% 23% 8% 8% 8% *8% 34% 34i/2 34% 122% *121% 121 121% 18 18 *17% 38% 600 2,300 23% 1,000 9 1,000 1,200 34% 125 18 18 18 160 24% 24 34% 121 . 40 5,300 1471/4 142 *140 243/4 i/.-J-Wr 39% 45% 146% 8 % 120% 18 *17% 23% 383/4 142 *140 24% 30 7% 341% 8% 34 122 *120 *23i% 23% 38% 39 142 1,200 14,600 28% *39% 39% 44% 24% 78% 12 '/a 170% 7% 147% *38 % 1,300 28% 8 29% 44% *140 10,300 78 146% 39 300 lO'/a 91 170'/a *39% 24 8% 39% 400 12 12% 146% 142 34 39 3 4 170 6% 34% 9% 175 x43% 24 34% 34 7% 28% 100% 91 45 *140 8% 8% 7% 70 *6 77 12% *170% 3,300 *34 9% 39% 23% 24% *23 77 12% 175 100% ' 90 29 % 71/2 x29 147% 24% *140 12% *170% 7% 28% 39% *39% 45% *146% 7% 28% 7% 28 90 77 77 76'% 12% 175 6 34% 9% 90 175 *172 6 *34 10 89% 12 / 13% 79 6'/a *80 6% 22% 200 6% 13% 81 6% *33% 9% 89 % 76% 78% 12% 175 13% *80 82 500 : 300 • ' 147% Mar 158% Jun 141% May 54 y4 Mar 68 ya Jan 60 y4 Jan 1 3*2 Oct 131 46% Feb 115% Nov 6% Dec 144 May 6 6 3 150% Jan 1 Hi 5 May 13 68% Mar 23 Mar 135 Jan 3 145 Jan 24 71% July 51 Apr 20 63 Jan 7 120 8% Jun Apr X117V4 Apr 18 3 6% Jan 119% Feb 14 8% Mar 30 American Tel & Tel Co 100 144% 144% 144% 145% 25 67% 67% 67% 63% 144% Rights 1% American Tobacco 6% common preferred 100 139% American Viscose Corp common—14 53% 5% Am preferred Water 100 Works Co Inc *117 5 7% 140 53% 141 53% 53% 117% 7% 141 141% 53% 117% 68 7% 118 90 Dec 76% Mar x5% Dec 51 Nov 56% July 104 25% Apr 21 38% Feb 17 Mar 31 91% Mar 11 7% Apr 80 $4 conv prior preference 67 5 7 4 6% Jan 7 29 57% Jan 24 35% Jan 35% Jan 7 $5 prior conv preferred Anaconda Copper Mining 8 Anaconda 30% Feb Feb 45% Jun 28% May 6 27% Apr 13 Oct 38% Jan 25% Jan 98 Sep Jun 99% Mar 29 107 51% Apr 3 32% May 105 Mai 5 2 46% Mar 60% Jun 50% Apr 2 55% Jan 27 Feb 36 Ya Jun 18% Feb 24 Apr 6% May 9% Apr 11 7 23% Jan 10% Jan 12 4 Dec 14 For footnotes see page 26. 2% May 2 4% Jan 5 Amer Zinc Lead & Smelt Wire 25% 25% 25% 54 118% 7% 7% 25% 26% 3 2 53% 118% 26 7 1 32 68% 1 32 68% 141 141 75 143% 8 8 141% 54 53% 1423/4 1 32 68% 1413/4 54 141% 1 32 x671% 141% 52 118% 142% 1 3^S & Cable 118% *118% 7% 27% 7% 73/4 7% 26% 26'% 26% 118% *87 90 *87 89% *87 90 *87 89% *87 88 *67 70 *66 70 *67 70 *69 70 *69 70 1 5 5 5 5 5 5 5 52 52 52 Anchor Hock Glass Corp com__ 12.50 $4 preferred No par Anderson, Clayton & Co__ 21% Anderson-Prichard Oil Corp __lo Andes Copper Mining 20 A P W Products Co Inc 5 490 7% 26% 70 50 400 6,300 118% 89% No par 5,600 53'% *68 25 364,000 . 67% *87 com 34,000 142 No par preferred Jan Mar 16 25% 141 1 68 3a 142% 100 83 70 30 Mar common—No par Jun 25 y4 8 Woolen 112% July 8% Jun May 41% May 18% American l-wv 68% 118% 7% ' X33% Nov 145 142% 5% 5% *51% 5% 52 2,500 / /> 9,000 -— _ 5% 5'/4 4,300 52'% 52'% 200 17,400 *51% . 53 *51% 53 51% 29% 30 29% 30 23% 29% 29'% 29% 291/8 29% 28% 29 y8 28% 28% 29 28% 29% 28% 28'/4 28 281/4 28'/a 28'% 1,250 31% 32 32% 32% 32 32 4,000 103 *101% *28 31% *101% *52 19% 31% 31% 31% 103 53 3% 3% 19% 103 *101'% 103 *101% 103 *1011% 53 *51% 19% 10% 31% 103 *101% *9% 31 *52% 53 521% 52% *521/4 52% 52 521/4 400 19% 19% 19% 9% 19% 20 19% 19% 6,400 *9 10% *9 10'% *3 3% 3 19 *9% 193/3 10% *9% 101/2 2% 3 '/a *27/s 3% • 9% *3 31% 3 100 400 THE (2000) 16 COMMERCIAL 24 ,i 67k 32% Oct 23% Feb Jun 88 88 Jan Nov 7% Jan 77% Jan 4 49 % Jan 21 28 99% Feb 4 Apr 18 13% Mar 1 110 % Jan 3 15% Jan 5 13% Jan 11 94% Apr Jun 106 9% Apr 17% Aug 19 12% Mar 7 Dec 111 May 95 87% Dec 106 July 87 26 Jan 35 Jun 30% Feb 87% Feb 34 98% Feb 26 Feb . 96 120% Sep Mar 84 107% 14% May 11% Feb 28 May Jup 103 Apr 27 Apr 12 Atch Feb 25 47 Jan 53 Feb 7 67 Mar 66 Sep 81 Dec 77 Feb 14 94 30 Feb 33% Feb 24 106% Feb 14 39 Jan 7 109% Feb 4 Feb . 91 99 Feb xl9% Nov ' 48% Aug ' 99 ' Sep 20 %U Oct 4% 12% Jun 94% Jan 20 25% May 64% Apr .9% May 16% May Nov 7, 18^ jan 5%, 4% 58 Jan 106 Jan 20% Jan 4 3 7 4 24% 9,400 ; 89% 89 % 5 6 Conv . 40 40 39% 39% 95% 95% 106% 106% *14% 14% 94% *14% *9% 10 *9% 10 *9% 13% 13 13% 13 96 % ^_5 96% 96% 91 91 35% 35% 35% 35% 90% 91 897k 91 9034 91% 89 Va 90 99% 100 99 74 99% 9974 99% 100% 99 9974 12% 12% 12 7 k 127-a 127'a 127« 12% 12% 1,300 4 37% 38 3734 38% 38 % 38% 1,900 63 Va *627a 64 62% 62 7 8 62 62 *82 85 85 367a 3674 109% 87 84 8574 35 74 357k 12 % *85 87 35 35% 109 Va 109% 1097a e *109. 108% 97% 9774 22 »/4 46 67/8 6 6% 19% *18% 20% *18% 674 67k 6% 63k 6S« 6% 67k *13 7 a 14 Va 14 % , 6'A 6 Va 67k 6% 6% 387k 37 Va 377a *3774 3874 17% Jun 1Q% Feb 24 12% Jan ' Baldwin 16% July 8% Feb 24 1474 *13% 70 20 % .6% 6 % 540 47 1057 k 103 Va 103 *ia34 v 6% Dec 46% . *104% 103 Va *1874 103 197-2 *37% Mar 47 47 1,700 197k 105 7'a 5 11% 47 467k 46 45% , 380 22 7k 22 46 150 987k 98 22 74 Mfg Corp, (The), common—_3 conv preferred— No par Babbitt 10974 9774 574 • *108% 22 Va 14% 14% Jan 15 109'A 97 7k 57a 13% Jap 1087k 22 *13% 16% Jun 400 8,900 977k *1874 1,300 367a 2174 *103 2.300 36 74 97% 19% 5,800 •: 3674 2134 46 Va 1,300 857k *84 98 105% 500 35% * '85 21% *14% 13% Feb 90% 105 7i> *104 ' —No par Amer v 977k -No par ,_5c 44% Jan Avco 35% 3574 1097k 90 917k 100 97 96% *89 21% 98 110 96 % 37 3 22 100 91 37% *1874 No par Co Of 8,000 96 % 63 *14 14% 100 14% *14 14% 1,700 ' —„_ Automatic Canteen 14% 34%. 3774 4674 13% 90 % 63% 103 1,00 14 34% 63 7/k No par 13% 96% 37% 977k 13% 15 91 64 108% 300 *14% 107 34% *95% 38% *21% 140 9% 107 91 *90 12% 35% 290 9% 13% 1274 ' 95% 95 Va 95% 10 13% 12% *85 2,100 10 10 91% .100 40% 107 14% 100,% 64 40 Via *106 % *14% *9% *99% *38 40% 5,800 6 15 15 34 1 2,600 *94% 95 i06% 10 34 lo 54% x40 % 14% *90% ',-100 5% 54 % 91 *95% 90% 90 6 55 34% 96% >95% *33 40 106 % 350 5% 56% *94% * 27% 54% 6 55 39% 106% 15 *13 A 95 *106 *14% —--25 common 95% 106% 95% *106 10 1 _2 Autocar Co 10, 5% 6 40% preferred—: prior pfd ($1.20) 11% Jan 5 6Va Feb 24 5% ' ; * 40 % i Nichols 6 6 0 ' 56% __Nq par preferred:. Tack Corp Austin , 'v 56% : RR — ' 56% ■ conv Atlas ■ 6% May 5 15 Mar 24 4% 37% Apr 29, Jpn 24'A 90 56% Atlas Powder common ' 46 Feb 1,400 24% 89% preferred .seriesr A__100 Preferred $3.75 series B _100 Atlafc Corp 35% Jan 4% 27% 24% 89% conv 8 Jan.24 17% Mar 19 7% Jan 7, 19 Nov 27% 25 89 % ,»26% 56% Atlantic Refining common 6" 27 non-cum 19% Jan 7% Oct 6% Dec 27 % 24% 89% Atl G &; W. =1 SS Lines commorx , 1 Feb 7 18% Apr .23 4% Feb 3& 13% Feb 11 5% Apr 30* 45% Apr 27 24% 89% non-ctim, preferred--- ATP Inc—„ Atlantic Coast Line 7 98% May 23% Apr 6 4. Jan 100 jai^ 24% Jan Dec ■ 27 24% 90 Topeka & Santa Fe com__100 ■5% Mar 18 102 26% 25 89% —100 7 36 50% July 114 May 26% 24% 56% preferred—— 24 Jan Dec 25% 26% 89 No par 105% Jan Jan $2.25 - 15.% • 6 6 " • 6 ' '• . 6 *15 1574 *1474 *5% 15% - 14% 6% X6 74 3874 6% *38 6 -:' 5% 6 15 Va 15 15 38% *5% . . 1 /■ ■ 674 638 38! *33 2 1,100 6 1474 1,100 638 18,900 3874 14% ■ 400 B 10 Feb 29% July 13% Feb 60 * Feb 40% Nov 80% May 15% " 69 May 28% Jun 45 Jun Dec X20 36 Va Nov 31" , Feb 9 16% Feb 20. Feb 6$ Mar 39% Apr 16 Apr 37 Jan 39% Mar 9% Feb 31% Jun Nov 45% Dec 16% Mar 23 % Jan * IBYs Dec 30% Dec 80% Sep 16% Mar 34 34 18 Apr 29 Jan 90 87% Feb 25 12% Apr 27 69 ' Ma* 5 Jan 22% May Dec 100 Jan 4' 8% Feb 34% Feb 30 Apr 34 Jan 17 xl2% Apr 28 10% Nov 19% Mar lp% Feb 14 24% Jan 13% May 6 92% Jan 8 14% Dec 90 Mt Dec 26 Feb 9% 103% 86% Dec 30% 9 Creek RR 4 Mar 30 Beech 16 Feb Belding-Heminway Beech-Nut 1 13% Jan 12 Bell. Aircraft Feb 18 Mar 21 Corp j & Howell Co 4%% preferred 24 4 78 93 5 98% Apr 26% Jan 26 7 Best & Co Jan 7 Best ^ ^ Bendix Jan 5 i 14% Jan Feb Mar Jan 33 % Feb 11 25% May 29% May 130% May 25 % Apr , 26% Dec 30% July 19% May Feb 6 5 21 Jan 7 Feb 2 Bethlehem Steel 7% Mar 21 (Del) 11% Mar 11 $ per share 26 30% Jari Apr 28 12% Feb 24 8% Feb 25 Black 12 14% Mar 30 Blaw-Knox 12% Mar 18 25% Mar 30, 64 30 7k Dec 51 * Jan 23% Feb 4 16% Dec 16% May 2 32% Jan 5 18% Mar 30 37% Nov 27% May 44% Jun 38% Mar 7 42 May 6 42% Feb 66 % July 42% Apr 21, 54 Jan 7 87% Nov 96 92% Apr 96 Mar 5 1% Aug May 5% May 42 Dec Jun 10 % May 71 Feb 6% Nov Dec 1% Mar 13% Jari 7 16 14 8 40% jan 7 Bloomingdale • Jan 18 Bohn Jan 12 Bon 2% Jan 9 31 % May 13 6% Jan 25 Va Jan 47 % Jan 24% Apr 22 29 Jan 29% Feb 5 33 Jan 103 Feb 98 Sep 12% July Feb 33% Aug Aug 23% Nov 9 I 24% May 124% July Sep Dec 11% May 75 July Mar Jan 14 14 96'k 96% 32 31% 31% ^ > 30% 67a 6% 7 77 k ,7 95 3 Jan 6 18% Feb 16 14% Feb 99 Va Apr 22 Apr 8 Feb 16 120 , 65 7. 10 jun Jun 88 Jan 73 17% Jun 10% July Apr 106 May 6% May 121 67 4% May 27% July July 100 3 May Feb 7 23% Feb 35% Jun May 6 21% Feb 25 27% Mar 40% Jun 30 Feb 52 54% Sep 52 May 3 May 8% May May xl9% May 19 Va May 47% For footnotes Dec see page 25 3 4 , 26 2 *26 Va 1074 10% 1074 10 34 26% 1074 40% Jan 45 26. Jan 24 *1074 11 *10% 35% *33 35 % 11 11 11 *33 ■ *33 13% 10',4 9% 1074 35% ' *33 700 14 3,700 1074 4,100 *10% 1 200 11 *33 10% 357a Shares 267k 3574 21% 217a 2174 24 % 2474 24;|4 24% 24% 2474 5774 57% 57% 58 57 7a 5774 *27 213/8 21% 21% 21 % 21% 22 - 3,500 .1,800 300 40% 41 Va 417a 41 4174 41% 41% 42 3,600 43% 43% 43 4374 4474 • 45% 9,300 93% 93 Va *93 95 • *1% 1% *1% *323/a 32% 31% Inc (The) common Roller 7 7 *35 37 41 95 *32 32 7% 77k *93 ' 4174 447a *93 *35 1% 1% 800 32% 3274 *32% 33% *32% 3374 500 7% 774 7% *7% 7% 77a 774 2,200 35% 20% 35% "35% 38 35% 774 7% 7% 7% 26 54 26 Va 2674 26 5 a 27 *24% 24% 25% *24% 25 27% 27 Va 31% 31 Va 101 Va *101 27% 28 ■ *24 > ' 28% 30% 101 % 2974 2974 7% 774 1,900 263% 26% 2,000 25 24% 24 Va 3074 307< 101 Va 29% 10 31 • *101 30 31 1017 k 1017 k 29 74 2974 18,000 107k 10 10% 3,900 317k 300 X2974 974 974 10 *30% 31 30% 30 5 a *30% 30% 31 31 31 31 v* *97% 98% *97% 98 % *97% 98% 98% 98% '97% 97% No par *18% 19% 19 % 19% 19% 1974 *1974 *19% 1974 9% 15 common. _5 15 Va 100 common— *121% No par common ■ *29% 31 86% *13% 1374 *32% 33: 14% Bush Terminal 107 68 V-v' e. $4.25 ; conv com preferred- Southern Ry Co_. Canadian Breweries Ltd Canadian Pacific Cannon Mills Ry 374 *3 7k 67 Va 190 400 67% 3074 31 *30% 32 *3074 *85 88 *85 *14 147k 32% 32 7,600 ■ 88 147e - 31% 88 *85 14% 3274 32 32% 67% ,147k *32 14 Va 67% 147k 14% 100 700 32 1,900 6,100 1474 xl4Va 14% *77% 79 *77 79 *77 79 *7174 75 *71% 75% *71% 75 Va 73 " 14% *68 73 *68 73 *68 73 :' a% 106 7 7 *67 69 3% 14 3% 3% 20% 20 207k 21 21 Va *101 1027 a *101 102% *23 2374 23 23% 32% *31% 32% 3174 53 53 774 7 *67% 374 21% *101 8% 8% 107 107 .. 14 14% 87a 8% 106 : 69 374 21% 102% *107 • 6% 67 374 21% 101 , 14 14% 8% 8% 107 108 774 7% 70 . 14% 7,300 87k 5,300 80 107 77a ' 67 % *66 22% 23% 23% 3174 3274 32% 32% 53 53 120 37k 1,900 227k 100 2,900 23% 2374 800 *31% 32% *53% 32% 53 3,OQO 3% 54 100 23% 53 67 2174 374 22 101 *31% — 53 53 52 53 1 : Campbell W & C Fdy__; Canada 7% 70 8,900 677a 9% 14% 24, *23 50 Dry Ginger Ale 7% *67 30 9% 9% 157k 1474 14 •774 122 Va 9 15% < 75 *68 107 *122 79 14 106 157k 122% 9 1474 73 87k 15% > .79 *72 Va 14 8% 60 500 1974 200 ■ preferred Zinc-Lead 75% *19 74 96 *121% 122 1474 102% 20% *101 No par 14% 80 - *68 8% 68 3% 5 No par 14% 80 *72% 14 107 V *7% 100 32 % 73 8 Ve —15 participating preferred™100 76 137 k Bldg 7% preferred—100 common 80 *68 l 4%% 14% *79 88 96 67% 31 *137a 32% 32% *72% *30 *85% ' *30 74 9 Va 68 1374 13% 122 974 86 Va 86% —5 1 9 Va 122 19%, 15% 15 15% .15 Va *121% 3Q7k *2974 *84% 9% *67 67 % No par preferred Butte Copper & Zinc—; ; Byers Co (A M) common 9% 66 1 - Can. 66 122 9% 100 pfd Watch Co Inc_ 5% 9% 15% 15% *121% *65% Burlington Mills Corp common 4% preferred ; -100 3%% conv 2nd preferred 100 3%% preferred : 100 Burroughs Adding Machine—No par 7% 15% 122 No par Co Bros 9% 9% 150 2974 10 ■ .-No par' Inc 100 3,300 v 101% preferred Co 3,000 774 27% *24% 31% 101% 307k *101 38 77a 2774 774 7% 31% 500 134 26% 101% 93 •174 7% *30% 74 174 26% *100 44 93 1% 7% 2474 45% 94 1% *26% *24 *26 32% 1% 17 a "38 *35 43 Va *93 95 7% 41 % 43 43% " 10 Callahan 10% Jan 11% Mar 1J% 35% 10% 14% 10% 14 26% a share 24% Calumet & Hecla Cons Copper May 6 18% Apr 11 14% Jan 7 14 10% 2674 14 14 *10% Sales for the Week $ per 58 6 41 261 26% 9% Friday v May 5 26% *33 800 May C Thursday $ per share $ per share 10 10 Va 700 107a PRICES 'May 4 13% 14% 10 Va *107# 24% 7 22% Jan 10 14 10 % 10% '•; 20 57 74 1% jan 12% Feb 4 109% Mar 21 14 1,000 *10% 10% 26 V2 *26 26 Va 26% 27,400 25% 24 5% Jan 104% Jan 37% Jan *13% California Packing common—No par Feb share 297k 13174 26% Wednesday $ per share 1317k., 26% - 59 36% Jan 26 9% Jan 107 k Tuesday $ per share 13074 26% 24 1% Apr 26 18 13174 *26 May 3 26% 10 29 Va 131% X29% ,29% 3074 *131'a 57% 3% May 3 30 % , 3,000 $8% Byrop Jackson Co Apr 18 Va" 131% 26 34 132 26 Va 24 26% Jan 24 58 30 131% 26% *131% 100 1,600 40% Butler Jan 25 30 Va 30 Va 307-8 27, 132 ' 24 Va 26 267k 25% 24 Va 58 preferred 7 104 257a 25% - ",. 1 Bush Term 2 2474 25 ;• 5 100 Co 4 Feb 247k 243k 24 Va 25% .. —15 ; 44 2574 *26 ! 1 4% Mar 80 24% Jan 27 19% Feb 26 Jan Jun 24 Va 1,800 77 98% 520 Feb 82 5 98% 31% May 15% May 247k 23 Vk *96% ' 5,600 9% Jan 5 Jan 97% 21% Buffalo Forge Co Feb 10 16% Jan 7 8% Jan 26 2 *96% *75 77 9874 167 a Bucyrus-Erle Co 1% preferred Budd (The) Co $5 preferred. Mar 19 77 6 13% Feb 8 7% Feb 26 15% Jun 119 307k S per 23% 23% *96 Brunswick-Baike-Collender 4 18% Jan >7 92 Feb 10 77% Jan 25 13% Apr 19 Apr 14 71% Apr 21 . ' 2674 $3.60 69% Jan 31 34 Jan 13 78 96% *75 163/a Brown Shoe 8 9% Mar 30 Feb 17 Feb 25 Apr 26 97 105 30 _2.50 Bearing Co 5 Braniff Airways Inc ,2.50 Brewing Corp of America15 Bridgeport Brass Co.. No par Briggs Manufacturing —No par Briggs & Stratton No par Bristol-Myers - Co common 2.50 3%% preferred 100 Brooklyn Union Gas— —No par Brown & Bigelow , 1 17% Mar 14 124 X8% Feb 11 100 89 25 3 4 23'A • 77 16% Bulova Dec 26 % 23% 27 Jan 11 Dec *2574 23 Va *75 77 ■ 16% 36 Dec 24 23 . 96 74 9834 2474 74 3,800 7 7 . 26% 23 114 - 10,200 16 Va 31 % Feb 24% Jun *96 23 * .,11. 40 ; , 2674 Feb " 9874 '• 23 *74% 1,600 -V 31% 1674 29 % Dec 23 "" 77: 137k. 96% *95 , 26% Buff Niag El Corp 3.60% Mar 14 98 31% • 900 2,000 ■ 678 7 7 31% 700 % 13 . 13 Vk 14 *96 1574 98 *96 ;>■/ 313k 3274 13 j 16% Bullard Mar v , 26% Mar 29 10 7 14% v 98 ' 31% 13 16% Feb 17 38 13 2674 15 Dec 12% 4 , ;■>: 13% 1674 91 Nov 12 3 12% 27 15 9 12% 35 35 -i 16% — 12% Feb 21% *1274 31 : 13% *2974 26% B 86 101% Nov 37% Dec 14% Mar 3514 *13 1574 15% *96 .*96 2474 21% 27 Dec , 32% 23 ' *23% Jun Mar 23 *74 5 90% Jun 5 35 1374 31 No par 40 1% Dec ' Brass———5 21% May 43% Jun Jun 35 V4 13 7k *2974 22 Va A Dec Mar 7 • No par 12% 2% Mar 98 • 31% 1074 — 30% Dec 78 % Aug 16 3574 13 Va 16% Bower x29% May 5 10 % Jan 21 31% Jan 10 29% Mar 14 99 Nor 8% 35% *13 20 800 Boston & Maine RR.(assented)-100 • 16 23% #90% Feb 73 31 *35 1,100 87k4 *29% 31 *29% 150 1374 75 8% 8% 300 27% 3%% 6 Jap 14 18% Jan 3 Dec Mar 16% *96 • :834 12 Va 12% *1574 10 _100 874 3,400 f 16 3 4 Borden 16 Jan & class Bor'g-Warner Gorp , 10 9% Apr 3? 101% Apr 15% Mar 79 13 83i 93 a 13% *73 73 600 13% 14 V, 73 13 Va *13 *12% 93 *1374 35 35 13 3% 834 *91% - 14 71 71 200 3,200 39% __Na par Aluminum Bond Stores 8% Mar 30 37% Jun Oct Nov 35 *13% a 131 k 31 *29% 3-1 - 13 1 Inc Brothers Ami Co Class , 35% Feb 17 7% Jan 26% May 36% 25% Nov Apr Feb 87k 8% 39' *39'a 1374 39 3 4 92 92 73 *2974 _No par Bliss (E W) Co Bliss & Laughlin 11% May Jun 34% May ' Nov 7% 91 Va 13 7 k 39% 600 400 127k *917 13% 13 *3.9% 14 *26% Boeing Airplane Co_ 27 12% 91 *71 *34 V4 No par Feb 77 13 V a 127a 50 , - 44 44 • / 700 ; 39 7 k *39 - 127a *13 87/a 39 % ■ 447k LOW AND HIGH SALE Co Feb Dec 91 *39 ; 1234 14 No par Pecker Mfg Co Apr 22 72% 167 k 447 k 73 8% Par 56 16% 16% 127 a *13 *1317'z $ per share 23 81 17 45 Va *70 Va May 2 Jan 65 *16 7 k 1234 1374 Monday 96 7% " 39% *39 395a Apr. 30 37% May 15 403A 4474 *39 Saturday Dec 120 *4074 127 k 13«/a 137k exchange Dec Feb 41 " % 44 397a / 91 Va NEW YORK STOCK . 57% Dec 17% 39 Va * ■, 12% 73 100 Birmingham Electric Co 22% "27 *3874 92% No par * Carpet 20 8% 13% 39% 44 ■;■■■ ; 13 «70 com„No.par preferred , Bigelqw-Sanford 10% May 5. 33% Apr 26 Dec 32% Mar 92% 13% s —_1 Food? 19% Nov 25 44% *39 39% 44% l 14% Sep 17% May 44% July 29% Apr 26 39% *12% 13, STOCKS tper share 7% Dec x27% Mar 44% ; Range Since Jan. 1 Lowest Highest Highest $per share 32% 403 i 16% 1 33Vbc - 3,200 67 16% 39% 18% *66 1674 • 2074 66 *16% 6,6 V 2034 1934 21 16% *2074 67 Va % 18% 19% 16% : 9,400 66 1674 " *91 4,800 9% , . 2078 4074 %"• 67% *1234 . 1474 1074 914 . . 95a 19% 40% 13% . 800 14% 10% ' 11% / 21 40 Va 39% Indus Loan oom___10 Chm pfd $3.25 ser of 1946_No par Cum pfd $4 div ser.of 1948-Np par Feb 15 30% 33 % 136% 31% 2 9% Feb 25 Year 1048 13 14% r 66 40 Va ___5 Appliances 4 40% Beneficial Home 20 34 *40Va 437a 1 common- Bendix Aviation 7 2034 2074 2074 ' 1 18 3 18 34 V 1874 40.74 *127a 10 I— Bell Jan . ■ *66% "68 *39 :__50 Co Packing I 19 18% 2L 68 1 . 1874 ' .• ' cony pfd—I —100 Mills,.Inc i ._+2.5o Shoe (A S) 4%'% pfd-^-100 Range for Previous 9% 9% 143k 10% 9% <1*6 3%% Beck 32% Feb 11 10% 9V4 *40 Va 50 - Beech Aircraft Corp_ 98 14% 107a 9% • 18% 21 . : *66 Beaunit 17 14% 10 3 4 97k ' ■— 5 Works Corp..: __1 Bayuki Cigars Inc__— _No par Beatrice Foods Co common —25 21% Feb 24 Lowest xl3 ; pil Co 73 Va Jan Nov Feb 26% -100 jron 34% Mar 30 Dec Feb 125. preferred Barnsdall Batli 30% May 6 6% Apr 13 102% July 30% May 37% May 39% Oct 139% July 37% May 25 4%% „ 37 a 147k 107k ' 9% * Dec 23% Cony >5% preferred—100 Barber Oil Corp (Delaware) u.10 Barker Brothers common— 10 26% July 87% Mar Nov 68" Bangor & Aroostook, common-—50 jun 38% Jun 21% Jan Dec 21 Jan *1474 10% ~~ 10% Jan 21 28% Mar 25 37% July 207k May 14% 9Va Locomotive 92% Apr 26 20% Jan. 8 75 Feb 3 7 Feb 32% Feb 107k 9% Mar (B T) -Inc.— 14% *14% 10.74 97k 49 Jan 10 13% Apr 12 17% Jan 20 40 Apr 25 4 32 14% 107k 41 11 15, 13 *14-74 .100 7 70 22 22" 43% May —1 —13 Feb 47% Jan 21% Jan = — Baltimore & Ohio common A% non-cum preferred—,. 25 . Works, 11% Jan 22 % Jan 3 ; Shares 24% Associates Investment Co___ 15 the Week share 27% No par 103% Jan , Sales May (» $ per 88 com 9 Feb, 24 44% 2nd for Friday $ per share 24% " 7% Thursday May 5 $ per share share *263 i $3.75 preferred —No par $4 preferred conv No par Arnold Constable Corp 5 Artloom Carpet Co Inc No par Associated Dry Goods common 1 6% 1st preferred 100 21 35% Mar 12 19 Dec Illinois of $6 conv prior preferred Armstrong Cork Co com 98% Jan 27 14 Va Jun 62 ; July 64% Dec 13% Co $ per 10 100 . 6 Jan & Wednesday May 4 May 3 $ per share $ per share , No par Corp com preferred- conv Armour 10 39% May Steel AV»% 8 6 99 % Dec 98 Armco 3 16 57/a Apr 115% July 18% Jun 13% Dec 11% Archer-Daniels-Mldlaid 26 Feb 56% Jun Feb 103 30% Jan 28 95 Monday, May 9, 1949 Tuesday Monday May 2 Apr. 30 Par 27% Jan 2 24 Apr 30 54% May 15 % May 106 Saturday $ per share Jan Dec 41% 26% May 34% Jun Dec CHRONICLE LOW AND HIGH SALE PRICES STOCK EXCHANGE Highest chare 101% Dec 68 Va i I $ per $ per share NOV 89 Lowest Highest 23% Nov .1 NEW YORK Range Since Jan. 1 Year 1948 t per share FINANCIAL btapkg Bui« (or Previous Lowest & 1% 1% 1% 17k 1% 174 174 1% 1% 1%' 5 4% 4% 4 4% 3% 4 374 3% 374 3% No par *11 20% 20 1.66% No par *1974 11 . 20Va 11% *19% 11% *107, 20% 11% 108 20 20% 11% *107 11% 108 19% 117k "107 108 *107 108 40 40 40 *39% 40 Va *40 40% *40 *18 No par 25 11% *39% 18% 1874 *18Va 18% *18% 19 *18 Va *167 -100 No par Va '■ 12 *42% 12 43% *18% 117k *42% 12 ll7/e 12 43 43 43 40 Va 18% 1% l3/a 374 , 4 20 117k *107 40 7k *18% 1274 12 43% 19% 11% 108 " • 12 Va 127k 12 43% *42% 43% 42% 20 11% 500 80 2,600 15,700 1,100 5,400 108 41 120 1874 12 Va 28,800 42% 500 - THE Number 4801 Volume 169 COMMERCIAL Range Since Jan. J Year 1948 t per > i IV . share Feb 48% i 3% UOO% ■{', 26% Apr Dec Aug 8% Mar 110% 32 Nov July 41% ; Jan 19% May 43% Jan . Nov 6% Mar .35 Va "May 56 , Dec Dec 12:% i" 30 ?18 Sep • Feb A 30. i. Lowest Highest $ per share 9 May 52% .Jun Dec $ per 15 Jan 5.0 54 May Mar 4 5% Feb 23* 100% Mar 24 29% Mar 29 ' 17 35 12% Jan 4 15% May 5: 30%.Mar 4 37 5, Feb 14 6 68% May 52% Feb 7- 22 Feb 39% 23% Apr 22* Jun Feb 22-% 105 July 97 Feb 97' 123 140 May 120 Feb 34% Jun 17% 16 11 Apr 22 18% Mar 5 Dec 20% Jan 16% May Dec 187/e Feb 16 Feb 11 % Sep 5% Jun Dec 12% 22% Dec 38% July 6% Dec Nov 74: 108 Jun May $4.75 1st 7% 7 18% Jan 11 21 9 Jan 5% 7 8 5 Central Hudson G & E Corp—wo par 7 Central 80 110 Mar Dec 15 May 9 % Feb Dec 11 Jun 7% May 18% Dec 28 % Apr 17% Feb 15 21% Jan 12% Nov 20 May 10% Feb 11 13 % Jan 6 Jan 18 24 % Jan 7 12 84 Jan 19 24 35% Jan 20 26J 12% Apr 11% Jan 21 28 24% Feb 17% Feb 26% Jun 23% May 3 20% Feb 10 90 Feb 100% Jan 92 Pasco Products Certain-teed Chain Belt $4.50 preferred., Chesapeake Corp of Virginia Jan 31% Jan 3 34% Jan 90 Jan 79 Jan 7 85 9 July 4 Feb 14 5% Jar. 8% Feb 7 11% Apr Feb 17% July Nov 14% May Feb Feb 11 12% July 7% Feb 24 10% Apr 13% Feb 25 18 % Jan 9 15% July Jan 9% 4% Mar 7% Mar 7% Feb 11 5% Feb 24 5% preferred Chic Ind 33% Jan 23 5% Jan Class Chic 12% Dec 23% July 49% July 10% Feb 25 15 Dec 29% Feb 24 36 % Jan 26 Dec 40 May 25 Feb 11 29% Mar 30 49% Mar 57 Jun 49% Jan 20 55 % May 25% Feb 42% Sep 28% Feb 24 45% Jan 72% Oct July 15% Oct Jan preferred 5% 34% Jan 21 64% Mar 16 74 Jan 20 10% Apr 12 % Feb 4 Rock Conv 5 NEW $ per share $ per Feb Feb 25 Nov 19% May 4% Apr 14 2% 2% Apr 30 Oct 63 % May 42% Apr 30 60 Jan 7 32% Feb 15. 36 Jan 8 Chile Jun 50 14 58 Jan 7 Chrysler Jun 26% Apr 97% Jan 25> 29 Va Jan 24 4 103% May 27 Jan 48% July 7% Dec 10 May 75% Dec Dec 33 Jun 15% Jan 21 May 84% 27% Mar 38% Apr Aug 176 Feb 11 42% Jan 3 6% Feb Jun 43 Dec 4 Jan >. C 25 8% Apr 4 16 23 Feb 10 25% Jan 26 108% Jun 105 Jan 11 Dec 12% Dec 23% Nov 107 May Feb 17 Cleve 43 Jan 26 12% Jan 3 15% Jan 19 25% Jan 3 30% Jan 20 Special gtd 4% stock— Climax Molybdenum Clinton Industries Inc—!— RR Co Pitts 36% May 22% May 5 30% Feb 2 Apr 13 1% 82% Jan 28 4% cum 1332 31 1332 July Dec 138 % Jan 71 Apr 26 130% Feb 3 Jun 60% Jan 6 July 45% Jan 96 Apr x87% Sep 15- Nov 16 Feb 12% Feb 22% 16 Feb 22% Oct Dec 18% Nov 1075 Jan 5 29% Feb 25 Jun 9% 11 9% < 25% May 26% May Oct 89 Jan xl3% Feb 15 15% Jan xl7 May 9 19 Jan 24 5 19% Jan 24 Jan 7 13% Jan 8 4% non-cum 1st 4% non-cum 2nd Columbia Class 4 12 13 Columbia Gas 7% Feb 10 1 ii 5 Columbia Pictures 2 Jun 48% Mar Apr 29 Apr 25 May 55% May 4 32% Jan 13 20% Apr 18 21% Apr 25% Mar 10 21 28% Jun 21% Feb 11 36% 53% July 46% Feb 25 95 12 * Jan 90 Jan yxl6 Nov 1 2% Feb 90. Dec 25 1 Nov 8% Dec 104 July 29% May 3% Oct 106 Jan 14% Apr 3 Jan ; Apr 29% May 11% May 89% Jar) 25% Jan 7% Feb 27% ,1 Dec 36% July 26% May X24 % Dec 32 25% Feb May 4 Sep 6% May 21. Mar 25% July 103% Feb 108% Dec 11.% Mar xl8% 18 3 3 3' 11 3 11 3 May 4. 21% Feb 25 5? Mar 17 100% Jan 31 17% Jan ' 3% Apr Apr 6 107% Feb Feb 10 14% Jan 8 37% Dec 51 19 Dec 11% Feb 23 10% Jan 3 x7% Mar 24 Dec Dec 15% July Nov 16% Mar 29 Vi Dec 98 V2 July Sep 100 33 Va Dec Oct 90 35% 8% Feb 7 9 % Apr 10 Va 1074 10% 16* *15% 15% 7% 7% 7% 7% 774 7% 16% 7% • 4 6% 15% *7% "3% 6% , 7% 24 13% 13'A 32 31»/« *65% *10% 11 2,300 1,600 2774 55% 55 % 55% 30% 30% 30% 31 66 66 66 10 % *10% * 11 14% , 3 30% 31 *30 30% 2,300 66 65% 65% 65 65 Va 700 11 10% 10% *10 11 100 *14 % 14% 14% the Week 46 35% *34 14% 200 3% 4,700 47% *34 102% 102% 102% 22% 22% 22% *22% 49% *102 49% 49% 7% 7% 7% 102 % *22% 49 "7 Va *81% 83 "23% 29 * 17 16% *26% *23 29% 7% 7% 774 "71 22% x22 Va 22% 400 50 % 49% 50% 7.700 8% 8 % 8% 83 83 *81% 83 *81% 28%' *28% 29 28% 28% 2874 2874 "28% 17% 17% 17% 18 13 1774 18 *17% 26% 237s 26% 27 27% 28% 28% 38% 110% *110% "23 23% 108 106% 180 180 *70 39% *150 180 *150 75 *150 75 39 Va *81% "70 75 "70 39% 40 40% 110% *110% 111% 11074 *23 % 23% 23% 2374 107 106% 106% * 106 % 108 *106% *66% 68 *66% 68 *66 % 68 40 *38 40 39 % 40 13% 14 14 14% 14 14 % 29% 29% 29% 29% 30 4% 4% 4% 5 5 23 V8 23 % 140 *71 . 132 62 62 200 400 108 106% 103 Va 68 *65% 67 39 % *37% 39% 150 33 *138% 93 92 131 % 15 15 16 17% 17% 17% 3,000 1,200 2274 2,300 22 Va 140 *138 % 140 *138 % 140 *138'/a 140 10 72 *72% 74 *72% 74 100 133 1,100 72 1327a 132 132% 62 62 34 78 35% 132 % 6174 *132 132% 62 *62 *1030 35% 34% 35% 34% 94 92 Va 92% *92 Va 15 157'8 15% 15% 15% 15% 1574 2,300 16 16 16 16 Va 16'A 16% 16% 2,000 16% 24,900 *92% 17% 17% 17% Xl6% 16% 1778 17% 17% xl7 17 Va 9% 9% 9% 100 *9% 10 9% 9% 10 preferred—100 *9% 10 % 9% 9% *8% cl A—2.50 *17% 17% 17% 17% —2.50 16% 17 % 17 17 17% Inc.—Nopar 10% 10% 10% 10-% 10% -11 11 cqmmon..Nonpar 9% 9% 9% 9% 974 10 IP System w_,._No par Np par 1 10 1714 . 9% 17% 17% 10 10 9% *10 9% 16% • —No par Inc Commercial Credit cqmmon 17 9% 16 130 10 10% 17 *9% 9% 10 640 *8% 1774 18 18 18 17% 1774 18 18 1,800 1074 11 10% 11 1074 10% 11 U 11 39,500 9,200 56 *55 55% *54 56 55 % 55% *55% 31 30% 30% 31 31 3174 31% 31% 31% 31 Va 31% 1,000 *21 21 % 21 21% 21 21% 21 % 21% 21% 213 4 20% 20 V8 2,700 *22% 23% 23 23% 2374 24% 24% 24 :;'4 24% 25'A 24 24% 2,900 50 V2 51 51 51% 5074 51% 51 51 50% 51 % 4,000 *100 100% *100 15 15% 15 *54 56 :—10 -100 49% 99% 50 99%. 14% 15 '3% f 100 3% 26% 100 26% ;*7% 8 *26% 27% *26% 27% 3% 3% 22% 23% *106% 107 *99% 15 3% *100 26 "7% 100 Va 15 374 101 26% 8 - 15% 374 100% 26 *7% 37'a 101 100% 26% 374 26 Va 26% 267'a 26 Va 26% "26% 2774 27.74 2874 *3% 3% 3% 3% 227a 23'A 227 a 23 Va 374 102 26% 8 8 8 100% 26 % 26% 2974 "28 33/a 3 23 Va 23% 9974 15 374 5574 10274 26% 8 2674 "28 3 23% 1Q0 lOOVa 15% 15 15% 4,800 3% 79,000 374 103 - 26% 374 103 26 27 29% V4 3 Va 107 V4 13 Consolidated Retail Stores Inc Consolidated Textile Co Inc Apr 5 y8 Jan 21 29 Va Nov 40 31% Jan 3 3 6% Mar 30 Oct 99 97% Jan 11 , :_10c *7 % 1 ..Nopar Container Corp of America com..20 preferred !_100 Continental Baking Co cqm—Nopar $5.50 preferred —Nopar Continental Can Inc common—20 $3.75 preferred :_No par 99% Ma? 21 9% Jan 7. Continental 63% Jan Continental Insurance 19 1 17% *11% Consolidated Vultee Aircraft—.—1 Consumers Power Co com ^Nopar $4.50 preferred —Nopar preferred Diamond Fibre 42 5 —10 974 *9 %' 13 6,400 17,000 1,200 2,100 974 300 42 41 4174 41 42 41% 42 41 % 41'A 3,500 18 18 18 18 18 18% 18 18 Va .18% 1874 1,700 117a 11% 11'4 11 Va 11 % 11% *11% 7% 7% 7% 7 10% 1074 10 74 11 35% 11% *11% 11% 7% *8% 107 200 , 41% 10% 10% 35% 35% *104 104% "105% 105% *33% 34 *97 97'A *13% 13% *90 92% 32 % 33 99 99 *61 - 1,900 23% *107 107 600 27 29% 23 13 —^_No par 15,200 8 *28 Va 107 preferrptU 4.000 2674 3 3 23 "2 260 103 V* 26 Va 8 8 9% 15 100 100% 1274 91% Mar 12 1,800 *53 1067-4 5 270 17% 974 3 9% 11% Va 12% Jan 1,900 *30% Solvents^..——Nopar preferred Commonw'lth & South com—No par 4<7r 130 18 18 17 9% 934 94 Engineering Superheater $4.52 4.400 93 *9 —- 200 35% 15 *15% 17% preferred 62% >1030 93 16 *17% "17% 5,000 4% 23 *1030 .34 15 15% 14% 29% *474 22% 62 62 92 15 15% 13% 297*4 5 23 72% *71 33% 14% 30 Va 90 22% *1030 33 17.800 2374 ' 5 ' 23 23 72 132 132% 140 75 40% 237'a 24% 30 4% 1,100 3.300 111% 14 % 29% 18 111% 39% 14 29% 400 29 180 40 111 *66% "38 *1030 *92 *75 "23% 23% 68 62% i' *150 75 40% 83 28% 28 180 40% 110% 111 '81 VA 83 1,500 8 8 26% 26% 300 102'A 2274 50 % 17 72% 132% 103 23% 28% *81% % 4% 4% *23% 23 % *138% 140 33 50 1274 22 520 50% *22% 40 "38 14 . 102 22% 50% 30 I *9 7a 108% Mar 25 Shares 3 3 V4 -17 17% Columbus & So- Ohio .Elec Co new_5 $5 share 47 14'A 14% 3 45 % S per share *14% 3% 44 43% Salea May 6 May 5 "34 43 for Friday Thursday S per 3 42% 300 PRICES $ per share share 3 3 56 May 1 May 3 $ per *55 Wednesday Tuesday 700 56 *55 974 13% Jan 2fi 13% 32% 27% 12% 85 8 12% 32 277a 10674 17% July 8% Mar 13% 32% 27% 2774 12% 97 V2 56% Feb 24 13 % 32 % 27% *9% 8 Oct 13% 32 27% 10674 4 13 ya May 13 31% 9% 7 7 13 32 17% 8 Jan 2,200 17% 9% Jan 95 4,800 13 66 11 14% 300 674 2374 3% 9 % 12% Mar 37% Jan 3 42% 3% 6% 23% 24 974 12% Apr 13 7 "14 % 15 1,200 Va 4 6% 23% 17% 5 20 6% 24% 7% *102% com—100 7 Feb 6% 23% 1,000 % 7 . (>% *374 6% 23 7« 800 97/b 15% 31% $ per share ;35% *62 46% Mar 33 share 4 *3% 3% 6'A 13% 32 32'A 3% 23 34 24 *1030 2iy8Jan 105 % Apr X 4 6% 23% II,400 974 12% Mar Jan ■ 500 15% A 106% May io3A 10% 15% 9% 36 page 10% 10% 12% 108 see 10% 9% 15'A 106 34 3 For footnotes 10% 934 15% 9% 42 Va 17% 27 64% 10% 9% 15% 12% 92% 8% Nov 10% 10 9% 10% Mar 48% Mar 10% 10 *12% 84% Mar 92 10% Consolidated- Laundries Corp ?__5 Consolidated Natural .pas i__=_15 Consol RR of Cuba 6% pfd;_„;_100 30% Jan May July 10% 10% Consolidated Grocers. Corp.—1.33V3 103% Apr Sep 1,500 8 10 Jun 99% May 300 1034 30 106% May 106% Dec 42% 4% 10% 10374 Congol Edison of N Y cpm_+_Np par 12 7% *4% 103% 21 4% Jan xl06 8% 474 107*4 50 23% Mar 30 Jun 10% 474 10% 15,300 preferred series.—Np-par .—25 Publishing Inc—No par Congolepm-Nairn Inc.— Nopar Consolidated Cigar.. Nonpar Consolidated Cppperipines Corp.;—5 12% Jun Jan 4% 11% 2774 $6 30 Feb 28% May *8034 27% 102'A Conde Nast 9% Jan 82% *80% 10 $4.25 cupi preferred w Carbon Co 3.(50% 82% 28 Va No par Columbian Commercial 81%. 27 % Commonwealth'Edison Cq 27 Va Jan Dec 29% Spp 15 % May 26 103 Va May .8 % Feb 23" X40% Apr 12 7 3274 277a com—No par 20 Broad Sys Inc B___— Combustion 18% Feb 81 32% 10 preferred 10 78% 81 32 27% Nopar Colorado & Southern Ry 10 37% 81 32 * 27% 100 -100 Corp Iron Corp 4 10 13% May 12,300 31% 7 Va 27% -5 Apr 3274 19% 7 27 Vb —No par 11% Jan Jun 32 Va 19% 27 Aikman • 400 3274 19% 27% Colonial Mills Inc 25 700 6% 19 % 7% 19% 7 27% Collins & & 120 674 19 Va 6% 191/2 *6% 7 28,900 19% Feb cony I,200 95'A 51 Va 17% Jan 5'.e> 21% 95 3574 93% Feb 23% Jan Feb . Intefnat Colo Fuel 400 '217*4 96 24- '51% 8 35% May 25% 22 *95% *33% 1 —— 24% Jan 10% Sep A Coca-Cola Jan 1075 Class *24% *2174 24 21% *95'A 3574 (The) common.No par Coca-Cola Co 24% 21% 96 *23% 5274 No par preferred 2nd 2 16% Apr 10% Jap 14% 4,100 517;, 17 '• Mar 18 17% May . 11% 52% Clepay 30 9 32 Va May 31% May Dec 12 9% Apr Dec Dec Jan 63% Apr 12 Nov 49 152 8% Mar 22 20 28% 141 18% July 17% July Dec 11 517 8 Colgate-.Palmolrve-Peet com_.No par $3.50 preferred —No par Mar 22 20% 7% 8 Jan 63% 11% 51% —50 preferred 183 11 35 Corp— —!——1 Cluett Peabody & Co ocm—--Nopar Dec - 11% 50% gtd—-50 73 13 27% > 7% 21 12 Dec 10% 35 5 100 preferred 5% Jan Dec 11 50 % S4.50 1 60 % 10% 4% *70 4% Mai- 134% 1,700 11 "150 % Apr 92% May 18 10% 75 Jan Dec 18 10V8 -39 10% 75% 18% -434 180 68 July 100 18% 18 Vb 10% 38 33% Jan 147 400 774 *4 Va "70 Dec Feb 19,800 10 V8 774 10% *150 4% 137 12% 12 Va *10 10% preferred 100 com__No par 47% May 18% Mar Jan 774 35% —No par 35% ; 10% *774 4% Louis Ry Co com___100 non-cum & 1274 10% 8 3,600 8.50 cofri 78% May * 12% 10% *7% 200 23'a 50% . 5'.'o 12% 10 Va 8 81% 22 3A 24 % 50 % preferred : Ccrp——No par : :—5 Clark Equipment Co„——20 2 12% '• 10% 110 *79 "2 81 24 108 % 50 % *34 "107 *66% Apr *80 23 % 700 107 % 10% 2% 100 34% 81 23% 107 Va *82'A 4% 83 42 % *110% Nov 80 % * 2,300 7% 20 V4 32 % 83 4'% 2'u preferred No par Cleve Graph Bronze Co com 1 3 107 l,0OO 4% 15% 7% 7% 107 107 V *4 15 4% 16 •7% 1,200 974 18% May 2 Cleve Elec Illuminating- 112% Feb *4 *15% 7% 9% ' 18% Monday 3 16 4% 16 10 18% 66 42% Jan Feb *4 12 V* *54 Apr 5 36% Mar 21 109 Nov Elec 5 % A & St 1,300 1674 xl9% 42% cCity Products City Stores C 500 16 16% 974 300 18'A 55 30% 8 Jun 39 & Gas City Investing Co common-: 5% 17 16 9% 1974 2.50 I T Financial Corn; C C 17 16 •9^8 19% 1674 *16 17 16 81% 55 30% 30 % Jan 9 400 4,600 23% 55 *14'A 20,700 1974 9% 22% 27 4 111% 69% 11 2674 121% 19% *16% 17 *79% *7% 2674 2674 100 107% 12 3,900 19% 4 *10% 56% 121 % 107% 8 55 100 19% 108% 27 7 Mar ' *107% *79 23% 27% 18% Jan 85 19 Va 7% 12 % 30 5874 121 *15% 10% 3,700 136% 100 >/a 7% *7% 18% 6% 34% 34 *135% 121 15% 10% 1,000 100 *99 *7% 81 36; 121% 15% 23% 8,400 100 16 4 4P0. 15% 121 ^ 7% *27 "53% 30% 3 77 16 30 *674 674 3474 3,206 2874 2874 15 *97% 99 121'A *27 26 25% Mar 26% *16% 16% * 135 26% 19% 16 y8 *12% 674 34% 135 25% 15% 32 *3% .6% 23% 13% 32 6% 34 137 7% 4 20'A Feb 5 *6% 33 15% 20% Jan Apr '36 -9% 32% 25 29% Jan 27 37 25% *6V4 80 83 3574 ' 57% 7 16% Jan 4 *29 59 95 1 preferred -100 Milling Machine Co—10 50% May 2974 15% 9% 4 *9% 10% 100 25 i Cincinnati Oct 105 4% . 29% 15% *135 23% $ per -10 1 Corp Cincinnati 2874 15 35% LOW AND HIGH SALE Co Copper 24% Mar 17 July 88 July; 34% Feb 105 % Jan • Apr x20 Jan 24% 16% *16 Apr. 30 preferred Jun 101 % May 19 Saturday coramon„; Co 5% A. 65% Nov 22% Childs 28% 29'A 35 96 STOCK Chiekasha Cotton Oil 19 5% Jan 29% Nov 80 16% Jan 42 19% 176 ■ YORK 28 % 14% 57% 121 200 29% V 58% *98 105% 105 Va 24% - 104 Va *104% 58 99 121 19% 5,200 104% 21 ]A Par 7 36 % Nopar share 14% 90 98V2 120 io 774 104% 32% 21 EXCHANGE Highest 44% Feb 24 % 55% 7% - 136 % STOCKS $ per share A 32% 136 V2 *65% *10% '• _100 preferred series A_: Chicago Yellow Cab : Range Since Jan. 1 Lowest Highest Feb Pac RR Co—No par Is & 6% 33% 99 200 13'A 7% 55 Va 6"% *6% 32% 23 Va , com__No par convertible preference—No par Chic .*6% the Week Shares share *1274 *53 Va 7% 33% 95 100 : 33% 21% 95% 100 Chicago Pneumat Tool $3 Year 1948 $ pet share vtc 14% *134% 137 57% 58 24% 25y8 . 32% 137 57 % 13% *53% 55 ' 24 *7% vtc—No par & P preferred 29% < 14 Vb 34 Salee for May 6 7% 28% 29% 14% 13% Friday t per 28% 28'A ^ 30 Thursday May 5 fper snare 6V9 ■t *21 *94V2 Nopar St Paul A Range for Previous Lowest 50 Ry Co class A__25 B Milw A<>. 30 14y8 10% *10 *16 —1 : 106 *23 '*6% "20 17 * 21 Chicago & Northwest com—No par 4 22 & Louis Series 33% (The) 104% 32 *82% *4% 10% 40 ^ 104% 28% 13% •: *53% 24 . , Chicago Great West Ry Co com—59 8% Jan Mar 23 41% July 104'A 28% *13 6% 21 '94 com—No par 111 RR Co A— $4 6% >■ 54 7 per snare 12% *23% . 5 Chicago Corp 9 Jan 3% Feb Jun 13% July Apr 10 24 & East Class 8 11% Mar 30 22% July Jan Jan Chic 21 55 7 . Chesapeake & Ohio Ry common__25 3 % % convertible preferred—100 Feb 23 Va Nopar 1.25 Checker Cab Mfg 8% Jan A%>i'2% *53 15V8 15Va *7V8 7% ;*107 108 *79 81 24% 24% 12% 12'A *10% 10% *7% 8 18% 18% 10% share 13 *32% 6% May 3 *12% 35 Wednesday May 4 Tuesday $ per $ per share . Champion Paper & Fib com__No par 97% Mar 28% Jan 7% 50% Nov Nopar Co . 1 1 4 31 : 26 Dec 10 de 6% Apr ■76% 30 Cerro 19% Mar Dec 7% 9.50 Nopar Copper Corp 5 Jun 31% 6 West. Corp .com_5 Sugar Co May 15% 30 9 27 Mar 17 South & Central' Violeta Century Ribbon Mills 45% Dec 25% Mar 12 Central 20 8% Mar 29 c 111 \ ^ 121.121 19% 19% *16% 17% 16 % 16 V8 *9% 9% 4 4 ; Co.; Light 4%,% pfd G00 Central NY Pr Corp 3.40% pfd—100 {Central RR of New .Jersey _100 11 Apr 21 % Feb 11% Jan 7% . Jan 3 *97% . 7% Apr 104 % Jan 1 5 Co— 24% Jan 7% Jan Sugar 6 83 ; preferred Aguirre Central 4 39% 33 Corp common—: Central Foundry *6% 32% *134% *56% 24'A , 100 Nopar 20 —- May 6 May 2 $ per share Nopar < 0% Mar 15 Jan : preferred. preferred— —.1 Central of Ga Ry Co vtc__—No par 5% preferred series B;vtc 100 Oct Nov 2nd Celqtex 11% Mar 14 10.% , • 6. .7% : preferred— —100 Caterpillar Tractor— No par Celanese Carp Of Amer com—No-par (2001) g#W AND HIGH SAL* PRICES Monday *32% 1 25 7% 7 17 3 3% Feb Mar 131% Jan 26% Jan Mar 16 9% May 8% Mar 100 % 105 1 . 5 6% 7 r' i.50 & General Corp— (J I). CP. common— —; Case 13 32 % Jan Apr 23 v Apr series Carriers 7. Mar 12, 6Q Far * Conv .preferred 4% 17 37% Jan Nov Jan May 140 X50 13J. % Jan 29- 7% Jan 24 32% Feb Feb 147% July 7 29% Apr 13 130: * 6 Feb ' Saturday Capital Admin class A common—1 <f *>12% 13% $3 preferred A — 10 "52% 55 Capital Airlines Inc ——j__1 **6% 7% Carolina clinch & Ohio Ry 100 *104 - 104'A Carolina Power & Light—-No par 28% 28% Carpenter .Steel Co—:————5 *29'A 29% Carrier Corp common— 10 v *14% 14% 3 CHRONICLE Apr. 30 *•. 17 8% Apr 108 \ 1 ' EXCHANGE ■$ per share 12% Mar 23 26% Jan NEW YORK STOCK ' Highest share "'A A' ■' STOCKS Ranee for Previous Lowest FINANCIAL & 35% 103% 104 105 Va 105% 34 *97 35% 104 *105% % 35% "11% 77 a 11 35% 774 "% 7% 774 1,600 10% 11 % 10% 1074 12,300 35% 2,200 36 10474 105 105 1057 a 106 Va 106% 33'A 33% 34 *33 33'A 97% *97 97% *97 200 774 11% 97% 35.Va x35 V4 35% 105% 105% 105 10574 10674 106 106% 170 337*8 1.000 *106 33% *97 33% 97'A 3378 *97 13% 430 97 % 13% 2,000 13 % 13% 13% 13% 13% 13% 13% 90 90 90 % 90 V* *90% 92% *9074 92% 90 % 91 33 33% 33'/a 33% 3374 33% 33% 3374 33'/a 3374 7.800 99% *96% 90% 98 98 *9774 9834 200 *96% 8% *8% 61% 61 Va 9 6174 *8% 874 6174 62% P1/* 62 vr 8% 63 *97 1374 99 8% 874 63% 63 Va 8'A 63 90 8% 500 63% 3,600 Uy.1 iVI^C **i* »UUWJ. U.UU4W, J i 18 COMMERCIAL THE (2002) NEW NEW YORK Range Since Jan. 1 Year 1948 Lowest Highest Lowest Highest Feb 10% Jun 6% Feb 14 8% Jan Jun 47% FOb 11 18 14 19% 13 >% Apr S3 Apr Jun 21 14 58% Apr 15% Jan 55 July Mar 19% Mar *49% Mar li • ; Feb 21% 24% Feb 15% OCt May 8 3 May 4 55% Jan 10 12% Feb 6 52 Feb 15 11% Jan 7 Oct 20 54% Jan 12 23% Mar 24 88 NOV 97% July 94 99% Jan 25 06 Oct 98 23% 56% Dee 164% OCt 8% Deo 1% Dec 29 Fib 6% 3% 39% Jun 98% 13 Mar x2i 17% NOV DCO 25" f 150 Jan 137 94% July 133 J18% Feb Feb 82% Nov 84, Sep „ v 8% Nov v 8% Sep ; 129 i Jan . 50 •: ' 9% Apr 24% Jan 137 4 7 Jan Cushman's Sons Inc 7% Cutler-Hammer , 7 96 92% Jan 11 Jun 29 : Mar < • 21 21% 21% 67% • : 67 V 10 10 26 "26 153/4 15% -15% 15% 37% ,38 K t 23% 23% 231/e 23 Vb 233/s *96% ' 96% •>'• 67 '67: \ .94 94: V 20% 20% :39 -r,*r 39 • > 233/a 96% ' *27%'■ 27% 12% : 27% - 13 *160 :- 178 > 27% 12% '271/2 27>/2 *12% 12% 178 *160 '12% *27 203/4 663/4 *27 j;:' 28:>,;::. ' *7% '' 68 - ' 68 *11: ' 5% i i7y8 6 - *120%. *43% 44 i 6 6 * *120; *160 21% *135y4 136% "23% 23% %'y 681/2 ; 121 -r / '-' s 23'/a 21% 23% ■ 231/2 231/2 . *91 : *16% ■ - 43% • 11% 11% 12 92% 92% *91 *12% 123/4 *12% 17% 17% *16% 17% 16% 173/4 17% 17% 30% 30% 30% 29% 95 93% 94 92 ^93 ' 94 17% series B—.100 *93 : 13% Jan 6% Feb 10% Jan 9% Feb 23 42 Dec Feb Jpn ; 46% Jan 34% May 50% Jun 13 y« July 32 Jan 31 Dayton - Rubber Co— 50c 9% Jan 7 Decca 50c 29 22% Apr 29 Jun Deo 2 8 Mar 29 Jan 34 32% Mar 22 Jan Deere 9% Jan Co & 7% 24 *93 Delaware 7 Lack & 9% 6% 63/8 22 y2 1 *9%' *'.'9% *6% - 22% *22y2 9% 119% ' v ; r *135% 136% 23% 23% 23% 1,800 11% / 113/4 4,300 23% v 11% :r • 12 92% *91 92% *91 123/4 *12% *16% 17% *16% 17% 17% 18% 18 18 1,300 30% 30 3% 30% 30% 30% 30% 2,300 93% 92% 93 *923/4 933/4 94 93' 17% 94 *93 94 Western 50 : V. *93 -7% .100 25% 25% 40% 40% *40 y4 20 21% 21% 6 3/s 22% ' 10 9% 9%' 9% 9% 9% 1,300 6% 6ya 6% 6% 6% 6% 23% 23% 22 3/4 23% 4,000 1,200 34% 343/8 343/4 x33% 34 % 6,000 32 31% 31% 34% *31 y8 31% *341/4 34% 8 7% 7% 26% 27 25% 26 41% 42 413/4 413/4 22 22 »/a 21% 22 23 22% 34% 7% 25% 100 190 93 ' 9%' 9% 34% 7% 7% .7% 8 7% 26% 27 403/4 41 22% 35 y2 / 7% 71/2 r ■r *333/4 *34% 600 93 % 173/4 333/8 35 30 17% 32 *34% i . 13% 17 : 92% *12% 33 y8 31% 51,000 1,600 *135%-130% 32 33 3^ 31% 900 , 8% 213/4 31% 33 % 32 ir .' 46 46 v -180 120 8% 33% 331/4 *31% 300 , ■;. 5.700 ; , 30% 223/a 23% 33 y8 20 100 6 13 y4 ? '300'. ; 17 y4 ! 933/4 6% 63/a " No par common preferred Delaware & Hudson. 40% Jan 21 7% Mar 16 Inc Deep Rock Oil Corp 12 36% Mar 30 4 Records / 100 21% 12 12 13% 1,800 '12% 17% 5% 8% 23% 92% 10 7% 68y8 :*ll% 1 ' 45 a% : 8% 136% 113/4 -900 ■ ' V - 233/a 92 3/8 *93% 6 *135% ', *12% ?30 * 30 (-.600 n-.-50 ' • *l'7Va 120 : 3,400 1? 28 i*65 213/4 .. .213/4 17% v J 160 7% r 12%; '17 • 21% 13% 12 '. 5% 120 i<' 120 ' 44 : r 'i 8 92% 12 17 - ' *12% 3,900 r 12%? 12% 160 21% • yi':*135%436%''>- :: *135 y2. 136'/2 *• t . 20% , *27 68% 12% ~ 6 120 44 8%. : > 1 21% ' ; . .. 66% .' 66% 7% :' "7% 17% 5% 120 44 8% 213/4. . 12 *17% ' 121 44 8 3/4 ' ' series A——100 Preferred: 3;75 % 20% 178 *65% 681/2 12 >•' 6 " ' 7% I IVa 11% ': 5% 4,300 500 94% , '. t 28 , *93% . 663/4 ; *160 178 "65'/8 r ••16%.';".17%li 44 8% 21% ; *111/2- ...' •• 122 *433/4 ' ; '8% 21% . > - ' 7% ' *63'/8 *163/4 i 173/s i V 8% : ty8 - 11%,, 11% - ■ 122 7%. 68y2 *65ye- 11% 17 y8 • •' rr' 7 7% , : 96%;; 96% J : 94% i" 20% '*93% • 95% Jan 20 96% >/'.*12%'.,.'123,4"..'... ■'1 12%: 12%t V.: " r *160 V178 ; 15% ' No par Preferred 3.75% - V 96 20% ^ 20% 66% 66% ■ 400 26 • 'i V; > 1,000 : 38%';f- 38% 23% : 233/4 *25% ' ' t 93/4 9% 10 26 *94-:>'•/94y2'.' •671/8 •f *9% ' 15% Jan 7% Feb •: *34 341% 1,000 • 200 4,700 ■ Denver & Rio Grande West RR ' 39% July 32 y« Mar 20 37% Mar 23 July 55% Feb 27% Jan 7 50% Jan 24 3 11 Escrow ctfs for Escrow ctfs for • '35% Mar Mar 29 22 Jan 26 Devoe & Jun 36 Mar 3 40 Jan 7 1 45% Feb 1 10% May 6 6% Feb 25 12 Ya 5 13% Mar 15% Jan 33 Feb 11 Dec 13 Mar 22% Apr xl9%May 40% Apr 20 Detroit Edison 58 6% Apr 21 19% Apr 21 46% July 19% May 10 Detroit Hillsdale 6s S W RR Co_ 100 Jan 9% Jan 7 24% Mar 2 Apr Detroit-Michigan Stove Co Detroit Steel Corp—, 6% Diana ■ Year 1948 , 29 Feb 11% NOV 47 NOV 32% Feb 20% . Feb 24 Jan 18 14 30 19% *193/8 11 3 Saturday —- 103/4 Dr. Doehler-Jarvis 19 Feb 12% Jan • 3 17% Apr 20 63% Mar 31 Dome Mines Ltd 50% Jan 21 Dow No par common—, 19 48% Feb 50% 43 7 Apr 29 101% Apr 22 105 101 Class 108% Jan 21 90 Feb X18% Nov 31% Jun Apr 29 19% Jan 3 80 20 July Apr 27 11% Mar 8 12% Deo 164 Mar May May 188% July 9%May 179 Jan 113% Jan 124% 119 . 2 4 28 97% Jan 99% Jun Feb 3 113 y« Mar 14 15% Jan 10% Mar 25% May 20% May 19% Nov 16% Feb 26 14 Vb Feb 7 9 Jan 24 Vb May 86% Jan 11 4 21 7% 7i/4 71/4 133/4 133/4 ' Chemical Co 29% *28 3/4 Industries 3%% Dunhlll 521% 52 series Duquesne Light 5% D W G Cigar Corp 210 12 12% 12% 121/4 12% 12% 3,100 29 29 y2 29% 293/4 29% 29% 2,400 16% 9,800 16% 163/8 363/4- 163/4 163/4 17% 59% 59% 61% 61 61 59% 59% 1,100 431/4 43% 433/4 45% 45% 463/4 46 3/4 46% 46% 473/4 9,900 102 Vb 102% 102% *102% 103 103 103% 1043/s *1043/4 22% 24 VB 23% 1053/4 23% 80% 80% *80 84 *81 84 16% 17 *16 17 *16% 163/4 *91/8 91/4 16% 16% x59 16 3/4 59 16% *58 101% 101% 101% 1013/4 22 221% 22% 22 221/4 22% *79 81 *79 80 *79 803/4 *15% 17 16 16 *15% 17 9% 9% 9% 189'/a 189 189'/4 9% 190 i/a 9% 190 1 9% 1043/4 23 93% 103 104% 100 - 23% 1,400 10,400 100 600 1,400 9% 191% 192% 191% 190'/4 191% 6,800 121 121 120% 1207/b *120% 121% 300 *100y4 100 3/8 100'/4 1001/4 1003% 1003% 114% 191 121 *120% 121 *1203/4 121 *100 100% *100i/4 100% *100% 100 3/8 *114 115 1143/4 II43/4 *114% 115 . 114% 1143/a 114% *114% 115 70 10% 103/4 *10% 11 700 11 % II 11 11 11 11 11 17% 17% 171/2 171/2 17% 17% 17% 17% 15 15 151/8 15% 153/B 15% 15% 15% 11 11 11 11 103/4 10% 10% 44% 44% 170 y2 *170% 27% 253/4 .. *102% 9Ve 9y8 *120% *11 400 400 53 12 *101'/a 100 1 *52% 29% *102% 1st pfd : ' 12 61 43i/8 20 Shares *103/4 •111/4 ':\»29 V". 29% 521/s <, ths Week $ pet share 43% 16% *60 No par No par . •: 29% 102% com series $4.50 Preferred $3.50 52 521/a Sales for May 6 v 123% No par Preferred Friday . 293/4 1 Du Pont de Nem (E I) & Co 291/4 52 1,100 12,100 12 *1021% International 29 V* 11% 29% . 7% 293/8 102% preferred conv 29 % ' 11 300 2,900 121/4 100 Dupian Corp • 11% 700 " ' 30 *102 common 52 $ per share:: share) ' 14 14 Thursday \ May 11% 29% 52 50c 2nd preferred.: $3.25 Dresser 27 291/4 No par No par $4 preferred series A t per share 53 5 Corp $ per *7% 73/8 14 • . 29% 121/4 5 10 LOW AND HIGH SALE PRICKS; Wednesday Tuesday May 4 May 3 11% *29% 4 12 y« Jan 10% 13% 113/8 No par Jan Jan 42% 10% 7% 11% Pepper Co May 115% Jan 12 *41% 13% I per share ': *36% 10% 7% ■ 200 37% 37 42% 10% 13% May 2 400 " ' 11,000 37 73/8 Monday M ^ 3,400 19% 19% 42 13% • ? 9,600 ?;y: ■: * 12% *12. 12% ! 20 1,800 ; 20j/4 ' 103/4 10% 103/4 *20 37% *41% 42 6% 42 37 36y2" *iiy4 No par 13 101 19% 2,600 - 59 61/2 > 20%, ? 12% 19% 12i/8 A 17 195% Apr 5 12iyaJan 21 12'/a 19% *29 V* No par Douglas Aircraft 67% Apr *11% *52 —No par Apr 26 14% Mar 29 24 36% *41% 6% *20 12 *54 59 6% 20 *11% 1 33 Jan " 4 pet share Par Divco Corp Dixie Cup Co common.. 28% Mar 23 Jun 12 *10% ■Apr.'30 10% Jan 116 12 11 73/8 Jun Jun 201% • 133/a Apr 18 20% -V 7% Jan 98 20% 37 13% 23 Deo 20% 42 13% 40 Jan 63/4 * 53 106% Jun 106% Oct 111% AUg 10% Dec 8 15 12 6% 19% *7% *54 59 *54 59 6% 37 2 • '22 6% *41% _60c 48 Mi Feb 83 *54 41% 36% 41% *10% YORK STOCK EXCHANGE Jan ','24% Feb Feb Feb ^ NEW ; t per share Jun 97 94 ; 17*; 56 Oct 19% 22% 63A ; *11% 51 2 Corp Corp-Seagrams Ltd • t per share Oct 41 ■ -Lsweat v. S per ">>nre 9ver share 19% *36 ■ *20 12 25% 40% 22 STOCKS Range Since Jan. 1 Highest J ■■■ . Highest fjfi 18% Dec 26., Nov 48% Deo 10 Deo 25 Stores Distill 6 ; No par common preferred^ Diamond T Motor Car Co. 7% Mar 12 2 *11% 5 403/4 ^20% 6% 20 25 y4 59 *54 6% 20 253/4 403/4 22%; 22 59 6% 1 aL Match partlc *54 1 ; Raynolds class A——12.50 Diamond Range for Previous Lowest (W com pfd De VUbiss Co— 19 11 % Apr 22 13 Jun 46 •j 8% Dec ■"■22% Mar /II Dec 18% Deo 11% Feb 28% Dec «... Jan 20 21% May 60% Jan 13% May 26% Oct 16% c Jan Apr ;;; 86 20% Feb 24 58 „14% Feb , i *67 «" Corp new common 1 3% % pfd series A^ ^^.100 Davega Stores Corp common—.2^0 5%. conv preferred ———20 Davison' Chemical Corp (The). 1 Dayton Pwr & Light common— 7 30'% May V 5 ,94 4. ." 3 : ■ ;95 -':> 800 100% 8;200 ,100 ,r; 15%. 413/4:'. y - 2,400 25% *99 ; •; 4% 26 ■p 93/4 96% ■'*94 ? : *39 ' 97'/4 100 100 4,400 • 40 2% 25% > 25% ' 25%' :ioo K- 153/4 155/B 23ya; 231/4 • 1,800 • 176 4% *2 • ; 64 y4 *174 f. 4% 2y81 ; 98 26 ' *251% 413/4; *39 , 175 4% 2 25s,'a 100 :r *98% 64 *174 2 25 ■ 100%r 9% ■' ■■ 15% *96% ' 95 t.'21% Dana. Mat 14, Inc 23% 97 *94 pfd—100 A 41% ' ''V : 9% 26 15% ^ 251/a 24% *98 , 1% 21% 63% 1 290 98- 21 *97% ;*97% < 1,100 533/4 99 633/4 t 90 8 : 8 *53 21% 21 190 1,100 1,900 51 so y8 " *973/4 -99 41/a 4 2 X c; ■ 174 173 ^ 3% *1% 100% 9% 97 / 173 173 9% 14% 53 *97 3A 63% 500 10,700 V 14% 8% 53 : 55 ■'■V;; 9% 51 8% f 343/4 55 14% p 51 981% 34 y8 7,300 6,500 133/a V 93A 93/4 . 56% 13% • Shares 65/a 6% 56% 55: : 14% 99 633/4 633/4 r3% 26 . 15% 23% 1 ,.Jan. 24. 4 92 11—_„— 93 Jan Jun *40 •:" ? Class 14 26% Jan .94 10 26 633/e 251/8 24% 98% *973/4 99 55 213^ 211/4 21 '99% 35 8% 531% * 53 % 6% 573/a 133/4 35% ? *133/8 14% 50'/a 14% 501/b 531/4 *98% *973/4 61/2 56% ioy4 10 / 8% 2 *98 100% , *54% 8% 4 2 25% 24% *98 • 2. *3% 2% *9% 15 % Mar 18 . *172% 4' V' ■:/; 51 21 •': ► 641/4 173% 63% 172% *25% Cunningham,Drug Stores Inc—(-2.50 Curtis : Publishing- com.—No par ? $7 preferred ——No par Priori preferred:--^——No par Curtiss-Wright common —, 1 7 lTVe May 20% Jan 64 4 RR e%- non-cpm pfd—100 Cubans-American■ sugar common—10 21 26% Jan 99 the Week 36 551/4 V 531/4 211/8 99i/2 *973A *2 $2 preferred—No pat Crown' Zellerbach Corp com. 5 : 21 *98% 99 351/8 'W 8% ' 533/4 21% 99% 14 14% 14% *501/8 *97% 14 551/4 10%. 10% 8% *98>/2 .15% — ' Sales for May 6 $ per share 6% 57% 34 y8 34 51 53 53% *20% 3' r. 7 Jan 19: Jan: 19 * *53 ' Cuba 7 8% 57 14 *54% 14i/2 *50y8 9 1 ": $4.20 7% Jan Jan 13 xl6% Mar; 8 ? 31% Aug America— of 14% 51 . . Feb 23 15 28% July ' 24% , - . 17% Jan, ■ .18 101/4 ; Crucible Steel of.Amer com_^No par ; 5% cony preferred—a i-10® : 101/4 14% *8% ■W: 7% preferredMay 6 100", 8% Mar 29 » Cudahy Pacidng Co common-:—i_10 73;;■!,Jan 27' .■ "u; 4%%'-: preferred—j.100 Cuneo Press lnc_^_. L. J— 13% Feb 1 ' ? 55 10% 6% 563/4 *13% 34 32% Cream of Wheat Corp (The)_. Crown Cork & Seal com———2.50 30%>Jan 10 ■ 32% 54i/2 t 4 11% Apr 29 87 Jan. 4 12 Creameries • > 54% 32 y2 14% —100 preferred—— \J-1 Friday $ per share share 6%' 55 14 *50 % .—25 — Jan Apr 22 Jun common—, *13% *10% preferred———^—Ufo par $4 2nd preferred-— No par 160 Mar 14; 21 ; 20% Jan "'; i4%M3eO . - 3% % ^15%;Jan':27- 6 .of?; Apr 21 631% May 85 Oct .18% Deo ,,27 81% 29 y« 38% May Co 7 43% Apr 27 v '/• 7% Jan 3 21 Feb 8 28% Sep: >• Crane 55i/2 Thursday May 5 $ per 6V2 6% 6'/2 55 13%" 172% * 24 :■ Jan 7 72%.; Jan ~24> , 119%Mar4 Aug: May 12% July* ' (21% Mar „ ,6 May 3 t per share *54 :/•' 1 1 ———— 96 c ^ Feb <24 12% Feb: 24 , 61 47% DCO 4% Feb 16% Feb ! Jan> 13% .100 1 — — Mar Feb 15 67% Jan 17 K July "17%-May. •A :il% Apr; 26. ' '(34% "-Jan-iA. %' 16 VcFWrfM *; 13 y4 Judy,' 4% Feb: 24 • 122% Feb , » May 2 6% 63% preferred i Wednesday May 4 Tuesday Monday 55% Refining com—25 98 ' , 68 (15%,'Dee 7 Felr 188 Mar 17 160 Jun 13% May ; 23 17 Yt Aug '1 177 .3 Feb24 46 Jan: ■' 34 !' Apr 7% Deo 67% Deo 11% Dee: 13 19% Apr-32 . 7% May 2 19% Jan 7 42%, Apr 13 27y. Jan- 8: 6% *55 14 Coty International Corp 10% Mar 30 . Products Coty Inc < 26 94 ,78Y« Jun- 12% Feb 100% Apr * 7> 94 Jun ? • 8 7 3 23 ■ 28% Jun A 155 2% Jan 32% Jan 1 5 Corn 4% Apr' - 4 € 36% Jan 34% Jun; 65% Dec; , . 15% May ; 103% July 129 64'A May 2 178% Feb 18 14 Jan Feb 25 8%, Jan 23 ; Feb ' 26Y«May •46% Mar t 58% Deo 28% Dec 91% Feb 95 : Dec 20% Deo : Jan Dec 24% . 99 Jun 8% Dee < 171% Jan 6 3% Mar 25 i% Feb 25 24% May 3 Jan Feb 99 6 Jan 57 Mar 177 92% Sep , Apr 26 Jan 10 92% Jan 3 July 66% Mar J 4 Sper share t per share For Cooper-Bessemer Corp commons B $3 prior preferred— No par Copper Range Co No par Copperweld Steel Co common—A Convertible pref 5% series -60 Cornell Dubilier Electric Corp— 1 Corn Exchange Bank & Tr Co. 20 Corning Glass Works common —6 3%%; preferred——-—100 Cum T>fd 3%% ser of 1947—100 17; 19% Jan 6 3 49% Mar 57% July - RECORD Saturday Apr. 30 ■' ;•'/>. Continental Steel Corp 8 4 49% Jan Jun STOCK ■ Continental Oil of Delaware— 6 9% May 14% Apr Monday, May 9, 1949 LOW AND HIGH SALE PRICES Continental Motors- 36 Mar 18 53 50% NOV 42% Mar «% Nov 50 Feb 15 Nov CHRONICLE ~ ." 7 69% - STOCK EXCHANGE t per share t per share 8 per eh are 46% Feb 6 YORK FINANCIAL STOCKS Bill* for Previous I per share & , 192 < 500 E 18 Dec 13% Oct Dec 13 12% Deo 38% Feb 157 Sep 30% Dec ,14 Deo 82 Mar 10% Dec 92 Deo 5% Jan 89% Nov 11 Feb 82% Feb 1% Nov 13% Feb 10% May 6 9% Feb 11 22% Jan 46% May 175 Jun 42% Feb Jan 164 7 5 33% Dec 19% May 25% Apr 14 14 y8 Apr 13 92% 88 Eastern 7 13% Jan 7 47% Mar 29 174 Feb 7 18 Jan 10 12 90 Jan 14 Apr 5 Jan 20 101 29 Jun May 7% Apr 2 4%% Apr 18 2% Jan 12 19% Jan Feb 166 Oct 153 Feb 15 171 123% Feb 48% Dec 147 Oct 135 Feb 15 156 56% Jan 41% Apr 18 51 12% Deo 17 12 % 19% Nov Deo 27% Jun 74% Jun 49% Feb 57 Jan 49 Oct 42 % Jan 14 47 Feb 22 12% Feb 9% Mar 20% July 28% May 13% Jan 16% Dec 12% Feb 24 16% Mar 31 12% Jan 29% Dec 16% Aug 6 16 16% Apr 18 33% Mar 25 24 97 Feb 34 Jan 14% Jap 30% Feb 104 Jun 100% Jan 4% Jan 6% Nov 9% Feb 11% Feb 53% Feb 60 50% Feb 59 Sep 68% Apr 4 Dec 9% Dec 7% Mar 9 Dec 49% May 3% Dec see 1 7 61% Jan 24 68 Jan 31 25 4% Jan 6 7% Mar 7% Mar footnotes 24 Apr Jan 3 10y8Jan '7 5 9% Apr 30 43% Ma92 9 36 page 26. Jan 3% Mar 4 3 5% Apr 6 *101 *71/4 33% *891% 121/a 12% 101 102% - 7% 7% 34 34 $7 preferred $6 preferred Co 14% *15 15 *89% conv preferred preferred Paso Natural Gas 101 Equitable Office 5% Erie Bldg common preferred series A Pittsburgh RR Co & 12% *99 1,000 44 3/8 443/4 44% 44% 13,000 173 *170% 173 ,170% 1701/2 50 253/4 26 25 s/8 25% 5,000 263/4 15% 153/4 15% *89%: 91 12% 12% 12% *99 101 *99 7% 7% 343/4 343/4 34% 34% 353/4 36% 1% 14% *34 *1% 14 Va 14% 34% ' *34 1% 1% 141/8 14 Va *34 34% 1%' 1% *15% 15% 91 *89% , 12% 12% *99 101 7%' 7% 36 36% 14% 14% *34 34% 1% 1% 16 24 24% 600 91 12% 101 V 1,600 100 7% 700 36% 5,500 14% 1,200 343/8 1% 25% 3,800 78,200 1 243/a 241/a 243/a 23% 167 V8 1683/4 166% 167% 165 167 165% 166 168 171 8,000 152 150 3/4 150% 150 V* 150% 1503/4 1493/4 150y4 154% 156 6,000 43 42% 42% 42% 43 *12 43 152% 43 24 121/4 12% 121/4 12% *12 12% *19% 20 'A 201/4 201/4 20 203/8 *52% 551/4 *43 46% *26% 50 263/4 26% 11 101% 10% 143/4 14% 14% 161/4 15% 161/4 4 *10% B 10 14% *15% 31 25 31 20% 24% 12% 12% 121/a 12 y8 1,700 000 20% 20% 20% 1,600 *54% 571/2 46 *45 46% 56 *54 *45 46% *45 26 3/4 27 27% 27% 283/4 10% 10% *10% 10% 10% 14% 143/4 15 15% *15% 15% 15% 153/4 31% 103% *102% 31% 31 102 31 43 59 *53 46% 102% 273/4 1,300 2,800 31% 313/a 31% *30 3/4 31% 103% *102% *102% 103% 4% 4% 1,600 12% 12% 4,000 551/4 551/4 800 *4% 4% 4'% 4% 4% 4% 4% 12% 12% 123/8 123/8 12% 123/a 12% -100 *54% 55 54 3/4 543A 55 55 54% 551/4 *543/4 55% 50 *59 Vb 61 *591/8 61 *59y8 61 *591/8 61 *591/8 60 61 1,300 4% 43/8 4% 4% 43/a 4% 43/a *73/4 7% 7% 8 8 8>/8 8 8 »/8 1,400 9 8% 9'/4 9 9% 8% 8% 13,100 42 42% 41% 41% 2,000 4% *4% 4% 400 41/4 41/4 7% 7% 8 8 8% 91/4 8% 9% 3 401/4 40% 401/4 40y4 40% 2.50 *4% 53/8 5% 4% *5 1,600 3,000 16% 123/s 4% 10% 15 16 •4% 41/4 10% 15 15% 12% - 8,200 16% 4% *59% 100 28 16 12% 61 54% 46% 15 1 102% 54% *45 27% No par *101% 42% 28% 10% 103% 43/4 100 42% 20% 56 31% 243/4 12% 42% *53 *102 | 20% 43 *43 ' 3 W: 23% 800 168% 1 Exchange Buffet Corp 10% 7% 6 Ex-Cell-O 103/8 7% 5 Co Inc Corp 10% 7% Evans Products 5,300 10% 7% Eureka Williams Corp Eversharp 101 2,500 153/8 11 45 *89% 12% 17% 10% 151% 50 new Endicott Johnson Corp common 4% preferred Erie RR y4 91 121/a 17% 15% Hi/4 ' 10 common 170% x27 17% 15% 241/4 No par No par 15 1% 1% 44 17% 15% *11 1681/4 No par 5%% 5% 1% *103/8 91 14% Emerson Electric Mfg Co Emerson Radio & Phonograph Empire District Electric Co 5 91 343/4 7 14% Jan 21 14% 15i/4 121/a *34 El 6% Mar 20% May 11% Jan 34% 24 *14% *89J/2 0 4 13 1 28 *14% Elliott Jan 27% 14% 13% Mar 24 104 *168% 27% 34% 21% Jan 19 170% 27% 2.50 common 5 8 170% *168% *34 6 7 441/4 *14 6 10 433/4 2 (The) 6 3% Feb Jan Jan 441/4 100 1 Electric Storage Battery Elgin National Watch Co 4% Mar 12 16% July 65% July May 6 44 3 28 26% Apr 10% Feb 41% May 10% Convertible preferred— No par Elec & Mus Ind Amer shares Electric Power & Light com_No par Electric Boat 6 Dec x55 May 25% May 111/8 10% 100 14 35 *10% 10% 100 common 15% Apr 32% Mar 18 111/4 10% 10 4%% Auto-Lite *10% 6 preferred Electric Oct 18% Feb 10 Edison Bros Stores Inc common Ekco Products Co 7 37% Jun Jan 1 preferred Manufacturing Co 1 29 3 189 Inc Jan 43 1% Apr 10 Airlines preferred Elastic Stop Nut Co 33% Apr 29 12% Feb 25 2% May 23% July 6% Eaton 8 4 Co Eastern Corp common Eastern Stainless Steel Corp Eastman Kodak Co common 3 32% Jan Jan 98 8% Jun 16% 16% Mar 29 13% Jan 6% Jan Jan 56 Eagle-Plcher 10%, Feb Jun 16% Jan 106 20% Mar 30 9 40% 5 41 *5 42 5% *4% 4% THE Number 4801 Volume 169 COMMERCIAL Range Since Jan. 1 Year 1848 ,:37 54% 5 Nov 11 • 'Feb < 35% Feb 16 • 1 Dec 20% Feb • -; 43 J -<■ ■ ; 17 y» Dee 53% Feb i - Dec 103% Nov '' 49% Mar 14 Va Feb 96 ; Dec : Dec > ; Dec Jan 68% Apr. 6 .69% Mar 31 - 17% Jan 3 .,31% Jan 7 2 13 y* Jan <3 15% Mar 29. 12%-Jan 13% Mar Jun 100 % Mar 17 28 14 Jan 22 . May 90 90% Jan 2 18 95 Mar 10 26 Jan Dec 11 23 Feb 24 25% Feb Corp.., Inc>t—i Machinery ft Chem 3%% 3 11% Jan Steel pfd___ oonv *58 i• 11 6% prior preferred—_■__^ Francisco Sugar Co__T 26 Feb 11 48 * 10 12% May 24% Jan 11% Jan 19 12% Mar 17 25 20% Jan 12 Fruehauf Trailer Co 73 2 78% Feb 2 4% 7% Apr 7'/4 Jan 4 Gabriel 10 . Dec Aug 6% Dec 6% Dec 10 y4 May 16% Dec 20 9 10% May May 6% Feb 10 5% May 5 16 Jar} Apr 8% Apr Dec 12 Dec 37 12 y4 Apr 38% Aug 12% Feb 16% Nov 23 V4 _5% Dec Dec 45 16% Dec 11% Feb 26May 18 Va May 9% May 99% Mar 42 8% Feb 146 159% 25 17 Apr 18 Gamewell Co 18 19 Apr 26 Gardner-Denver 26 13'/a Apr 25 Gamble-Skogmo Inc 5% 6% Feb Co_ 106 Jan 11 Feb 7 10% Jan 24 Jan 6 163% Jan 19 24 Baking preferred $8 15 3 10 653/4 Apr 25 26% May 6 79% Jan 20 4% 31 Jan 7 4% 18 Dec 24 17% Mar. 20 Apr 1 xl25 139% Apr .7% May . 4 Jan Co 7 General Cable Corp. com 1st 433/a Mar 31 93% Jan 4 97% Apr 14 7% Feb 28 13 Va Jan 11 52% Jan 13 General Mills Jun Jun 1233/4 Jan 97 Jan 4 1273/s Mar 4 V. Apr 107 Va Jan 3 13 5% t per share Range Since Jan. 1 Highest , 'VT.# per share 50% Mar Highest. t per share $ per -. 25 62% Feb 2 5 125% Jan 17 $5 93% Feb -12% Mar 99% Jun x97 Jan 6 100% Jan 26 17% Jun 13 Feb 25 16% Apr 28 26 Nov 23% Mar 3 25 y4 Jan 7 Nov 18% May 4% May 12% Apr 2% Feb Dec r: 15 Vb 11% Jan 3 18% Dec 29 , 21 107/a 120 • Feb ; Sep > 24% 110% May 128 y2 4% Mar 22% Jun Jan 6% May 30% Jun Feb Nov 4% Feb 23 ya Jan 3 6% 5% May 247/s Jan 4 102 y2 Jan 11 Apr Dec 99% Apr Dec 30 Jun 18 Feb 25 21% Jan" 5 Dec 90 May 75 Jan 24 77% Apr Jan 82% May 71 Mar May 3 73 7% May Jun 3 12% Feb 27% May 4 33% Jan 82 8 91 Mar 28 May 55% July Feb 6% 122 Dec Oct Nov 24% May 64% Oct 103% Aug 47% Mar 3 94 V4 Mar 31 23 25% Mar 29 17% Mar 28 48 % Jan 3 21% Jan 3 5% Jan 107 Apr 6 14% Jan 3 Feb 10 56 101 Mar 101 Dec 23% Jun Dec 5% Jan 7 53% Mar 25 8% 9 -8'/a May 116 5 Jan 12 17% Jan 7 64 Time Corp preferred 8% 4 % % 4%% 87/a 8% 87/a 2,000 37% 37 % 31 Va 37% 400 37%; *37V4 37% 16% 16% 16% xl5% 15% *15 15% 151/4 15% v 18% 17% 18 *17 VB 17% *i7y8 17'% 17% 17'/a < 12% *12% 12% 12% 12% 12% 12% 127/a 1,600 5% >;.< 5'/4 5»/a '/■ 5 Vb 2,800 12%.- L 5'/4 5 Va 5»/8 26% 26% 26% 18 VB 17% 18'/a 37% *26 18 % 5>/4 is y4 18V4', 15 151/4 145/a 14% 14% 14% 147/a *105»/4 105 y2 105% 105% ♦105% 105 7/a 42% 43% 43% 43 y4 10 Vb 10 Va ioy4 1617/a 161% *160 10% 10 10% 10 Mr 163 *10 10% *10 7% 7% V . 7% 7% 3%% Glmbel Brothers $4.50 preferred *137% 138" 31 Vb 41% 41% 97 % 97 % 97% 8V4 8% *8% 48 : 48 *126% *126% 127% : 37% 41% 97 y4 "91 VB 43 Apr. 30 57% 8% 8% *48% *126% 127% 49% 126% *126% 126% luo *100V2 105 105 *100 Vb 104 . 124% 4%% conv preferred V 15%*13"/4 - *23 y2 24 *117 124 7/8 99% 15%: 99% is 24% 25 *15% 16 24% 25 13% 13%: • *2% •; 2% "v14% 14% 17% *17 Vb 17% 17% 17% 17% *17 121% *120% 121% *120% 1211/2 5Va 23 Va * 26 *25-,4 117 117% 20 5% 23% '*19 19% * *76 78 % 72% 23% 7% 26V2 25 Vb 25 Vb 20% 20 20 19 Va 20 IOI1/2 *100 20% 101 Va 20 19% *19 Vb 19% 300 771/2 *75 77% *71 72% 72% *71 7% 7% 8 101% *71 . ;• *100 72% •To 8 Va 81/4 8 8 'A 2,500 ' 27% 281/4 281/4 28% 27% '28V4 84% 84% 83% 83% 13% 13 Vb 13 y8 83 V2 ■■•■' 13'/a 83% 13 75 74% 74% *74'% 75% *74'/4 75% ,27% 28% *83% 85 13 Vb 75% *24 25 Vb 13 Va 13 . *74% 75 v2 *24% 25 24% 24% 24% 25 25'A 25 % 18% 18% 18% 19 19% 19% 19% 52% 53 y4 *52% 53% 600 8.700 ■ , 100 25 Vb 700 20 . 6,200 52% 52% 53 *52% 6,600 , 13% 25 18% *74% 53% 900 1,000. *75 83 % *52% 100 25»/a *19% 28% 53% 1,500 117 *116 117% 25 - 19% 83 '/a 17% 300 77% 28% 18% r 10,200 23% • *26 26 26 30 5% •f%'> 5% *76 13 *52% 5% : *19% 13 y8 50 • *116 25 *100 85 18% . 600 121 Vas *120»/2 24 5% ,1.400 40,400 17% 71 19 VB *74% 2.50 121 Va *23 V2 26 117% 25 , *12»% ■■•-V * 19% 71 7% 26 . 78% 100 *76 *71 5% *17 23% 116% 20% 100 *100 ; * 14V4 .- ■ 5% 26 25 14 14 23% , 117% *19% 101 % 13% 5>/4 23 Va 25 20 " 13%' 13-,a 2% 13 VB * 2,900 1,000 14% 25 28% 25% 2% 19% . 24% ; 14% 78 y2 28% *83 • .-1,400 2% 24% ' 15% 14% 5VB 8"% 500 ■i-15% 2% 25% 72% 59% 14 Vb 101% - 600 *99 ' 99% 2% 25 19% 31,500 125 14 Vb *23% 117 Shares 59% 58% 125 125 *15%;,; 16% >25 251% 8alee for tho Wook 2% 121% • f 20 200 share 13% 2% 1 J ■< 1,0C0 May 6 ' $ per 591/4 124% 99% 13% 20 No par • 15% 17% 118 *24% 124% 99% 25 ' 25% 25% - 124% 14 5l/4 *5 v 59 % 99% 99%; 2% 17% 58% *124% 124% 13% 13% 17% 58% *13% 2% ' 2% 13^/4 58% 15% 13% •' 57% 25 15% V May 5 $ per share 58 48 Friday Thursday . • $ per share *99% 24% >'■'■ May 4 . $ per share *124% 99% 1 24% < 5 Gleaner Harvester Corp.. Glidden Co (The) com >*': 124% 99% v May 3 8'% {48 y2 PRICES Wednesday Tuesday 126% *101 t per share 57% V 1,700 8% 49% 57% I per share 400 8% 8% 126% 126% *100v2 May 3 T : 971/4 *97 !/a ;: ; 60 9,200 49% ♦ 300 t. 21,900 42% 42 97 y4 *97% 97i/4 • 37% .37y» >; 400 A 139V2 *138 38 Va 42% 140 11 8% LOW AND HIGH SALE • 5,500 , 27 49% 8% . 37% 42% >•41 v2 49 Monday Saturday .; *76 No par 7% 68 *67 1391/2 38 37% 97% - 127% 101 101 101 101 48% Z 8% 48% l *138 138 37% 41% 31 VB 41% -V 138 138 7 138 138 37 No par : £ 700 19% -19% *100 No par „> 19% 67 20 • 10 y. 7% 7% 671/2 2,100 162 10 Va > 7% 10'/a 10 *158 •19% 5 common. 105 19% _100 , 3,300 10% 67% 68 140 44'/4 10 V* *10% 7% / 105 % *102 160 160 ioy8 14,200 105% 105 10% 10% 162 1,500 *43'% 44 *102 105 *102 105 *102 100 18Va 14% 43 26 Va *25% 42% 105 *161% * 700 1,000 26 V4 *26 26% 18 % 105 y2 *105 > •;5'/4 181/4 15 97% <• 100 8% 87/a *37 y4 19% 100 com; preferred—.. preferred..—..: 4,300 19% 20 • Gen Tire & Rubber Co 400 5% 16 Va- *16 161/4 *19% No par com 103 17 26 3 6 19 16% Mar 5 3% Jan 7 .8% Apr 23 11 5% Feb Apr 5% Feb Aug 18 Oct 16% Jan 18 Feb 35 Oct 21% Apr 22 20% Mar 5 J 4 4 Grand 28 y2 Jan 7 Granite Nov 31 May 24% Jan 13 89 Nov 99 Jun 93% Apr 26 97 Jan 25 14 y4 Sep 12 y4 Jan 11 16V4Apr 9 Mar 40 July 6 36 Apr 11 15% May j Jan 12 Feb 23 13 Jan 13 50% May 23 Vb Jun Dec Feb 32 36% Feb 24 43% Jan 7 16 Va Jan 3 18% Jan 10 Jan 29% Feb 40% Jun 13 y8 Dec 17% May 13 y8 Jan 4 14% Mar 29 10 Feb 13% May 103/a Jan 4 11% Apr 90% Dec 98 Jun 93 y2 Jan 26 16 3/4 Nov 253/4 July 15% Feb Feb' M~ar 19 144% Mar 38% Jan 9 t' Jun 5 Feb 97 July 92 8 24 97 Mar 20% Apr 64/4 Apr , 14 4%% 6 Grumman 7, Guantanamo Jan 4 94 Feb 16 12% Nov 20% Jun 10 Vb Feb 24 14 Jan 7 Feb 58 3/4 Jun 45 Feb 15 50 Jan 8 57% Feb 81 Jun 60% Feb 26 71% Jan 7 18% July For footnotes see 16% Jan page 26. 3 20 Apr 16 1 $5 600 Oil *16% 61% 62 16 *ioiy8 41% 14% 2 > 2 41% 103% 41% 103% *103% 13% 13% 13% 2 8% 8% 2Va 8% . 41% 41% 104 *1011/8 102 13% 2 2 Vb 8 Vb 8% 42 % 42 *103% 13% 2 7% 42% 41 Va 2,000 101% 200 423/s 3,500 42 13 2% 2 ' 8 " 103% 13 13% 8 % 1,000 -621/4 104 *103% 104 12% 2% 8yB 10 161/4 61% ioi y4 102 102 ; 2 ! / 7% 300 103% 13 2,000 f 2% 10,600 7% 7,700 '2,000 19% 20 20 20 20 201/4 20% xl9 % 19% 191/2 19% 22% 22% 22% 22% 22% 22% 22% 22% *22'% 23 22% 22% 1,000 21% 21 y4 21% 21 21 20% 21 20% 21% 22i/4 7,900 94 y4 94% 94 % 95 95 95 95 95 " 15% 15% *14% 14% 14% *34% 36 36 *34% < *94% 14%) 14% 14% 14% 14% ' 35% *34% 35% *34% *35 36 221/4 *95 143/4 *34% . 96 270 14% 700 36 12% 12% 12% 12% 121/4 121/4 12VV 121/4 12% 12% 12% 12% 1,200 37% 37% 38 38 '/4 37% 38 38 38% 38% 38% 373/4 38 3,500 *17 Va': ' , 17% w/b 17% 17% 17'/4 17% 17% 171/4 17 'A 171/4 17% 1341% *133i/2 134% 1341% *1341% 135V2 *134% . *64 136 134 70 *64 70 38 38 37% 37% 13% 13% *13% 13% *13% 11% "11% No par 37% 11% 11% 11% 135 *134 135 70 *64 *64 70 *64 70 >■■64 38% *37 38 37 1,200 ■ 37 40 70 38% 14 37% *13% - 1,900 14 13%. 13% 13% 13% 400 11% 11% 11% 11% 11% 18,100 97 97 18 18% — 3 10 97 96% 96% 96% 18 18% 18% 18% 18% 18% 18% 18% 18% 6 5% 5% 5% 5% 5% 5% 5% 5% *5% *92 par No pai 11% *96 , 1 25 *96 11% -18 100 Sugar common ; preferred—. No Gulf 8tates Utilities Co 161/4 61 »/4 18,400 *93% 1 Aircraft, Corp Corp *101 Vb 16'/8 60% 8 108 *107 16 y2 16 *61% 101 % 108% 7% 8% *107 61% 16 61% 8 8 108 % *21 • Gulf Mobile ft Ohio RR com.No par ; $5 preferred No par Gulf 101% 16 Vb - 7% *107 19% , t 100 preferred conv 16 VB *61 % 101% 8% 5 5 Common. 2 44 ;-<■ 10 com...No par 100 (The) ; * 104 *13% par Gt Northern Iron Ore Prop—No par Gt Northern Ry 6% pfd No par Greenfield Tap ft Die Corp 7% 108 % s *103% Grayson-Robinson Stores com—1 $2.25 conv pfd—_—— No par Greyhound Corp 5 Va Mar 85 33 % 27 7% *106% 16% 41% par —100; ^ 3 77 Apr Co common preferred *101 Vb par 7% 108% 61% 61% par No par Green Bay ft Western RR Green (H L) Co Inc Apr 134 City Steel (W T) 3%% : 3 Feb 60 Jun Co (The): Great Western Sugar 7% preferred 132 145% Grant Union - 7% 107 *16 - No par com.. ... 20% May 23 9 Vb Mar .10 $5 preferred No Goodyear Tire & Rub com...No $5 preferred No Gotham Hosiery No Graham-Paige Motors Granby Consol M S & P Feb 45% Jan (B F) 107 *106% 7% 7% 1 100 Goodrich Co 104% Feb Apr Goebel Brewing Co. Gold & Stock Telegraph Co Goodall-Sanford Inc Mar 24 5 12% May 2 • 11 Jan 15 % Jan ' • 6% 5% 57/a ♦16 16V4 6% 67/a 5% 5% 57/a 8% •6% 6% 6% *16 19% Gillette Safety Razor com $5 conv preference— Jan x40y4 Feb 14 8% 9 i; • 16% 30 *19 7 76 Oct Dec 6 *16 600 5,100 74 19 y4 *8 74% Feb Oct 16 6% 5% 16 VB 123/a 19 *73'/4 74 26% *71 5 50 Vb 36 Vb 6% .6% :'6"" : *73'/4 2,000 19'/4 12% 12% 191/4 19 19% 74 74 48 27 ..100 13 105% xl2 57/a 12% 12% 19% *'!.> 700 1,300 47% 47% 47 9% 9% *26% Georgia-Pac Plywood & Lumb Co.l Jan 38% Mar •29 12% 123/a •- 27% 7 17% Jan 96% Mar 2% *12 . 9% 110 9'/2 9»/2 10 97/a 91/4 . ' Mar Mar 15 4 11 12% Mar 23 24% Mar 28 19% Nov 46% f , *26% . 10c ' General 85% 46% 10% *67 : No par; : 4 Jan 18% Dec 46% 14% v *120% 123 22 y2 Apr May 46 3/8 7% —.100 ... 27 25 46 J/4 *102 i 19 % Apr 39% May 96 Va Jun 91/4 42% No par ; General Shoe Corp_ , ; 1 Gen Steel Castings $6 pfd No par General Telephone Corp..____...20 28 122'; Jan 27 76 14% preferred 5 4 Dec 9 Va 27% ___10c Corp. 26 Vs Apr Dec 24% 9% -41 y8 Corp_,__No par 3 Feb *233/8 67 1 25 Mar 14 98% 4 Co 22% Jan Dec 48% No par Cement Gen Realty & Utilities General Refractories 21% 113 Advertising. Utilities Public No par 114% Feb 17 24% 9Va 5 %. 8 19% No par Oct 87 *233/4 *26% > Jan 27% 170 400 24 27 '•V' 29% May 30% May 102% 92 24% 9 Vb 18 VB 68 138 - 31% '• *91 *24 9% 12% 140 92 24% 68 Par series Portland 81% ' 92 ; 27 —10 Gen Railway Signal com..- Dec 75 Outdoor Gen 20 V4 Jan 123 Jan 10 24 *30 Va 5,600 11,500 V *66 > i •' • preferred $3.75 23 24 Va 92% 9 Va ' STOCK Corp com Gen Precision Equip Gen Public Service 3% Jan 14% May 17V4 May 2 121% Mar 16 Motors General 16% Mar 10 General Gen 22% 72% YORK 132% Feb- *10 5,700 5 11 V2 *26% f 27% *66 100 STOCKS , Preferred 2% 81% v4; ;i5% 10% 22 ■' 24 10 % *26% 10% *7%- - . —100 — , 56% Feb 123 Vb Jan 12% 24 12% 105 *10 1 * ■' Jun Feb 24% 1 400 16 % 10% 10% *161%. 163 No par share Nov - *102 No par EXCHANGE* , 125% 16% 66 ' ' NEW , com preferred conv Oct 119 *24 81 is - 23 80 791% • 11 »/4 13 *12% * Lowest ; 15% 10% 22 y4 200 8,800 37% 14% 100 common preferred 3%% . Year 1948 . Foods Corp $3.50 preferred : Range for Prevloua Lowest ■15% 12% "15%' *17% ' .43 50 General Instrument Corp 45 % Mar 31 108 24% ■ 87/a " 105 y4 .43 No par 3 128% 24- 79% 12% ' 280 24 15 " 10% 92 24 16 y8 ... 26% 105 V4 General 39% Jan Feb ' : ( ■■■ 8VB 37; Jun Feb ' 921/4 67/a * 6 *14V2 .. No par 41 40 - General Electric Co_ 34 97 92% *23% 19% f 6 19 25 118% 78 24% 74 5 VB 2 Jan Oct *78 15 14% 4.200 100 % *99 y4 ♦23% 22% V 22 91% 19 Va '18 No par 35% Feb 100 500 1,300 < •24 23% ' 100% 24 16 io3/4 , " 74 16 Vn General Cigar Co Inc com 7% preferred Jan Dec 21% 19% 5 Vs. : 100 May Jun 10% 21% 73 . 18 .No par 2nd preferred 1.400 • 13% 24% 13 15% 15% 10% 21% 19 7 V; 6 *26% 5 preferred conv 43 53 15% ■ 13% ',24 14Ta *12% 13 73 1 5 144 13% 16 14% 14% *12% 12% *12 123/a 12% , _No par Nov 96 14% 19 18 y2v ■ par common 313/4 Mar Feb ? 5 General Bronze Corp 1,300 4aVa: loay* 60 24 9 16% 100 Amer General 11% Mar 31 ■ 48% 105 y4 13% *99% • 46 37% 50 Transportation $4.25 pfd series A No 44% July Nov 14% *9% *11%: I com 380 600' 1,400 60 13 y4 24 24 10% ' - *17% 2 j. 7,700 13%68% 4 68'/a 4 200 500 1,600 16% 4 66% *60 24 y« 23% 91% *15% 1 No par $4.50 preferred 82 Mar 13% 78 *37% ...No par ; preferred— conv General Sep 9 ;i3y4 74 87/a> General American Investors com—1 15 Nov 40% 23 60% 13%' *13% *59% 21% - *6%. ; -15% May 106% Apr 46 y4 Jan 3 i. 28 Vb 87% 60% 'io3/4 453/4 *16 ; Gaylord Container Corp__——1.66% 72% Mar - 9Vb *11% '5 23% Jan Feb 133 59% 23% 15% ,<• 10 Va 9 Va ': 50 (The)——, - 4'/a % 26% 1 *i5y4. • . > 100'/a 16 ' '• ;; *•' 4'-, 4 26 y4 " 106% 99% ',>/>■ *24 5 ; Corp -(The), Wpod Industries Inc Gar 3 - . 49% *io5y4 23% 24% : 133/4 32% Feb 9% Feb Jan 48% 107% 100 *24 >73 3 10 Jun 48% *105% 3» - 4,600 lu% * >100V4 68% 66% 48% 106% '99% 24»/2 *9% • 29 160 July 68 47% *105% *23% 79% l com Garrett Nov / 67% 47% " •13%" 12% 215/a 45% __20 preferred—. conv 67% 4 > 15% >. ' 102% Mar 23 May 9 Feb 42 Dec 14 y4 12 102% Mar 23 ,106 May 11% July Apr 10 .> ' 1 com : 9% Jan 17% Apr 13 % Jan Jun 9% Mar (The) (Robert) preferred 41% Jan 15% . . 100 18 26% May 53% May Jan Co 67% ■v 16% Vs • *23% 92 Va 1 common- preferred 6% 26%' 15% *99% 100 *24 10 18 5 Va Mar 28 May 105% Dec 100% Freeport Sulphur Co Apr -. 13 Jun 27% 6 Gair Co Inc 15% 14% . 103/4 . i 1 6' 15% 23% *91% No par Franklin Stores Corp 16% Feb 48% Aug 17% July 15 Vv *24 6 17% Jan 26 15 % 23% *78 " Froedtert Grain & Malting Co Inc_l 18% Feb 84 17% Mar 68 % 15% > *16%' ■' 100% *16% 60l/a 23% *99 V4 • 13: ; 21% —25 25 May 16s/a 13%; ■■ ' Feb x38< - ' 10% 7 ;> 10 8% Feb Oct '13% ' 24-. V 100 *"12%-• •' . 100 9 47% ■26% *99'. - ♦16'% - 106%' *59% . 13% '24' „ 100 : common 10 Feb '-••59% *13%- Corp._10 16% May 9% May ; ..>99% '• __1 8% Aug 35% Feb May 47% 26%« 100 • 16% ■: 67% 47% 105 V4 * * " 100 *16»/8 36 4 16% 4y» 1,800 28,800 iy» 13% ' 10 ,• :_i 3%% preferred Foster-Wheeler Corp 26% Mar 17 67 -- r 25% 25% 100 y2 8,400 1 V * 36 : 4%. : 15% .* 25% 100 - ' 2,100 23-/8 1 32 iy. >16% ■■ 37% 23 y4 ' 13% *35% 4y» v Shares 32 • 1 16%- 4 >•••.' tha WMk X37% 24 31% 13% 35% 16% :> 4% galM for iv*ay 6 • S per share 38 23% ■31% 13% 35% 16% *37% iy8 13 y. 35% ' 4%' r ' 16 15% — ' 47Va *106%-106% 4 Food Fair Stores 19% Feb 47% ' 25% 16 67%^ 67% 1 *16s/a 1 v. 13 % *35% 4 %'**>'■ 100 99% Pollansbee Food 78 ' 36 11 25% <• ^ 11% May; 5 J 7 » * 14% 29 % Jan 8 4ya- : iy8 13 y8 -17 17 i6% ' -^>14% 29 Dec H. *•15% ,'16%. ^ ' 13 % *35V4 -. ■ •* 1 IV* 12% - v • ; 28 Jun IVb .24%, 24 38% May 25% Jan 31% *23% 8% Feb 92% - .1 k 14% Apr 105 24 31 % 99% - '*i6y« 4, 20% Apr , 38 23% 31% Florida Power Cwp—,..1% Florsheim Shoe class A,——No par ft 24% Jan *98. 4Vn% preferred 100 Ftret National Stores———No par : Firth (The) Carpet Oo-^—--JW par Jan 40% »■ V" 6 37% 25 V4 31% W •25%?.t26-.«'-:^' <•-- Fllntkote Co (The) common—No par $4 preferred No par Florence Stove CO—No par 7 38 Va 23% ■>'-17 Va>, *17 - 5 I 37% 31% • ,^i?.n*>4%^ 4%-- —100 Ferro Enamel Corp—_ 38® 8 25 315/a *35%f-'36y44. 5 . iy« 19 Friday v May 5 I per share t per share 24% *38'/a .i..*12%~12%V" 2 J May 4 Sper share f; < • 24% Thursday Wednesday - May 3 t per share .-32 1,- ■/*■> i%1 _ Tuesday ; •: V 39 ' >>31% «re lbs N. ¥.—.1$ Firestone -Tire ft Rubber com.—2S 61 y» Feb • 4' 3 1 - Ptdeitty 107%-Mar 17 '■ 3 -May ■, *28 ,!i : 23% ■ 23% May Nov 24 y4" Dec 9% ' Corp...—__ •■*%% preferred —_i_Fait ft Tarrant Mfg Co 17.%-jaa, . 19 ,13V4-May 23 5 ■ ...20 Federal MotorTruck-—Nopar Federated Dept Stores com^i._-J 5: "12% May 47% Jun Dec Mar 53 3 20% Jan 98% Jan May 21% Jan i 9% Mar 82 y4 100%-May 15% - i 79 . 6 ' - Brewing Monday/' May 2 t per share No par Co. ^ \ Federal-Mogul Dorp 10 28% Jan Ac ____ 17 % Jan.-26 2 - Morse A R Liquidating Corp__i.—J Pedders-Quigan Corp Federal Mining & Smelting Go_ 36% May 22% V - , Jun xl04 12 % Dec Dec 16 1"- May Palstaff F 38'/4 Jan 26 ; ;,U6% Jan 24% Feb V9 1 105 y*-Apr July 42% - Dec 27 r.s - 3 lo: Fairbanks Fajardo Sugar Co 14% Jan " 8 95%-Mar 23 Sepri 59 V4 13 ; v Jun 20% Au« r 26 - 16 ys Mar ' • ,v Apr. 30 Par 3' 32% Apr 27 7%-Jan 7 9' ^ 4%-Mar 18 -107% Jua 28% Nov Mar 23 - Saturday ' (2003) AND HIGH SALE PRICES LOW STOCK share 25 % May . YORK '«* EXCHANGE 41% Jan .'7 i . - 14.%-Mar 25 2&% Jim*. .69% 'Oat'.,: .-Q4 % Jan 31 44% Feb 25 53 Jun ■ ■ 15 ,35% Jan ,< 24% • : 42- Jun . 28 1 99% > ? 8 Feb 11%-Mar 12% May> 31% May • Feb 90 ' . 20 % May - *• ,19% Dec » 19 23% Feb Oct NOV ?: 11% Jun 16; Oct t Mar £ ** $ per 36% Feb Jun 33 y4 28% ; Apr- Highest $ per share t per share Nov xi9y» Nov '20 NEW '.Lowest Highest tper share CHRONICLE STOCKS BtnielorFreTliai /• Lowest FINANCIAL & *92 95 *96 *92 97 " 95 *96 *92 95 *92 95 *53/4 *92 20 2,600 1,400 6 95 12% 12% 12% 12% *12% 12% 13% 12% 13 y8 123/a 47 46 % 46V2 *46'A 471/4 *46V2 47% 47 V2 47V'2 *461/2 > 48 65% 65% 65 65% 65 65% 66% 66% 661/4 66% 65% 66 8,700 -19 lA 19% 19 Va 19 % 19% 19% 19% 19% 19% 19% 19% 19% 6.900 ••'12% *46 y4 . „ 95 97 ! 12% * 5,300 300 to COMMERCIAL THE (2004) Range Since Jan. 1 llighest Year 1948 NEW $ per $ per share share Apr. 30 $ per share Par $ May $ per per share ■ Wednesday May 4 $ per share Monday' Saturday Monday, May HIGH SALE PRICES AND LOW STOCK YORK EXCHANGE Lowest Highest f per share CHRONICLE STOCKS Range for Previous Lowest FINANCIAL & $ per share Tuesday i May 8 : :> share Friday May 6 Thursday May 5 $ per share,,' Sales :ij;. $ per share tor the Week Shares H 31 Feb 35% 15% Nov 22V4 12% Dec Dec 12% 31 xl4% May 79 Mar 89 Feb 107 Jun ' Jah 33% Mar 30 3 13% Mar Mar 29 Jari 6 106 Va Feb 2 23% Jan 13 Jun 146 '/a July 150 Va Jan 142 4% Dec Dec 59 6% 79 Jan Feb Hanna 11 Oct 27 % July 20% Jan 13 Jan 91 Jun 84 Jan 17 29 % Dec 42 ' Jan 30 Jail 3 95% Jan May 98% Jan 14 22% Nov 24% Nov 23% Jan 4 28% Mar 30 34 Ve Dec 35% Oct 34% Jan 6 38% Apr 21. 13V< Dec 13% Jaii "4 41% Dec 22% May 57% Apr 120% Dec 8% Mar 14 6^8 Feb 25 9% Jan 3> 7 91% Feb 105% 105$ Refrac 100% Mar 46% Jan 18 127% Jan 27 1 32 % Apr 122 Jan Nov 28% May 16% May 78 Oct 86% Jun 79% Jan 9 Dec 14% Jan 8% Abr May Dec 25 V4 Jan 15 May 12% Jan 15 12% 15 May 21% Feb 29% May 20% May 24% Jan 18 % 24% Mar 10 27% Apr 34% Jan 2 41% Apr Mar Apr Dec 102 Jan Dec 18% 29% Dec 27 81 3 29 29 3 108 4 Homestake Hooker Mar 28 Apr 30 99^ 12% Mar 30 46% Jan 30 11 32% Jan Nov 34% Jan Oct 94% Jun 28% Jah 86% Jah Feb 6 $2.25 49 Oct 43% Mar 10 38% Jun 29% Feb 7 23 Jun 13 Apr 27 15 Jan 20 Howard 33 Jan 47 Jun 37% Apr 29 46% Jan 20 Dec 5% Apr 8% Jan 5 Sep 8% 8% Sep 34% Jan 12% Dec 14 9% Mai-14 •37% Apr 29 50 22% Jun 10% 2 Dec 12% Sep 14% May Nov Dec 19 5 14% 28 111% Jan 7' Hunt 11 ;2% Jan 6 Hupp Corp 7 : Hussman Feb May Jan 14 2 Foods __ 15 99 99% 140 28 Va 1,600 *98- 99 28 28 28 ' *38 *14 43% 43? , - 38-% 1 14 42% 43% *125% 31% 31% 119 119% 119% 18 >17 Va 17 17% 84% *83% 30% 120 150 18 18 2,200 17% 17% 17% 3.100 *83% 84% 83! 9 \ a 8% 30 84% 9 ( 8% 1,900 ; 400 15 15 *14% *14% 15 15 800 31 *119 18 17% 9% I 9 127 31. ; 500 8,200 42 7/e • *125% 127 18 30% i *38 14% 127 20 14 38% 14% 200 92 *90 % , 28 38% 119 *i4% 15 14%414% 15 99 42% 9% 9 9 9 __ 15% *14% 15% 400 21% 21% *21% 21% 1.2C0 15 . 21% 20% *9% 10 9% 9% *9% 9% *9% 10 '*18% 19 18Va 18% 13Va 18% *18% 19 *18% ■; 19% *24% 25% 19 18% *24% ; 25% 400 24% 40% 41 *40% 40% 5,000 26% 26% ,26% 1,200 24% *24% 25 24% *40 40% 40% 40% 5 *24 24% 24Va 25Va 104% 104% *104% 105 7 "96 96 *11% *96% 89% 31% 31 % *47% 48 33% 14 38 common—100 5% 37% 37% 38% 12% 4 •9% 12% 12 Va 9% 1 9 7a 9% 2 2 , NO par 7 - 2V'a 97 *11% 32 *31 31% 100 32'/a 1,100 32% 93% 92 48% 35 Va 14 38 *9% 38% ;/> Xl2% 9% 2 %%/ *9% 11V4 48 Va 34% 13% 39 5:% 2,600 34% 6,300 13% 1,200 39 % 38% 700 *5% ■ 9 %■ •9% *9% 9% 100 337a 38% 38% 3,300 i2Va 12% 11% 12 10 10 • - 12% 8% 2% 11% 48% 34% '38% 9% 2Va 6 ' *13 39 5% 39 11% . 380 94 Va *48 48% J:34 Va *13% V 33% 5% 9% " 31% 11 31% 38% *11 11%. 32 31% 34 130 1,400 11% *92% 48 Va 160 97 * 11%" 31% 38% 2 - *96 92% *13 300 104 %: 104% 90% V 5% *9% 11%. % : ... , 31% 38 *5% 26 % 104 *96 11% 14 12 Va V.T2V4 9% 11 - 104 99 / 11% 31% 91 48 V2 34 : ' 104% *31 Va 32 31' 4,1 300 10 *9% .10 97 *9-- 9Va 2 11% *11 V 104% 99 38 •"') 12% *9 104% *13 38% 37 V4 —6.66% j. — 48 5% - 2^% *90" 48 33% >33% 38 % 5% > ---13% *9 Va No par Refrigerator Co *13 38 *5% —100 ; ; : 40% *25% 11% 411% 90''' *13 41% 25 '/a *31% 90, 47% 33% *33 25 *9% 104% 32 31 Va 24% 40% 99 89% 15 21% 25% 11% *31% 15 21% 21 25 ^ . 98 11% 32 *31 _No par f 11% *31 par t C—I—25 Car_ life 9% 200 *125% 127 - 84 35% -,,35% 23 ,14% Hiylsdri: Bay Mn & Srti Ltd—No'par 8% Feb 11 17% *82 % 12.50 preferred-; Motor 17% 83% 18 17Va 35% 14% Hudson 7 18 91% 35% 14 30% 20% 118% 119% 18 18% 16% 17% *83% 84% li8% 118% 18 Va 22 Va *90% 21 Va 7 14% Jan 30% *30% 31% 120 22% 1,700 *22% 28 42% 42% 21 90% 36 *93 14 *125% 300 3,900 20% 14% 3 26 42 Va 127 7% 63a 7 Va 6% 6 "a 21'% 5 nbn-cUm *125% 63% 21 21 *38 38% 14,. Va 7% 1,700 4% *G2% 63 22% 90% 28 *38 300 22 4% 21 *35% ' 99 27% 14Va ' 42% 42% 36 *98 27% 39 17% ' 90% 98% 6Va 6% 143 r *21% 4% 22% 22% 90% *35% *13% 1 127 9 *22% 36 *38% 7% 7% *141 •: 22 21 V» 11% Mar 2 Apr May dun 40 1,300 22 . 20 Va 21 92 *82% • • a 7% 6% 6 % 6% 22% 27% * 7% *7 % 21 4% ;21 Va v *13% 47% Jan 5% 14% *30% 100 V 7% 6 Va to 0 •V.-4 21% k Co Corp Hudson & Manhattan Feb 9 105 %. 40 78% 105 % > ' Howe Sound Co Stores *62% *35% > 98% 98% _1 Houston Oil Of Texas 63% 20% 27% *17Va 30 3%% brfefetred Hoiiston Light & Power Dec 3% 500 12% *77% *105% 77% 10 II , Feb *62% 6% 39 *118% ' preferred-— I——50 Household Finance coih—„No par 14 63% *90 *125% couv 20% • ',,400 5 II, Houdaille-Hershey com—No 15 3214 Apr 11 95% Mar 14 48% May 4 35% Jan 12 6 - 13 1 & Sohs_j Electrochemical *62% 91 42 % • .2nd pfd series A $4.50 div.No par $4.25 cuih preferred—III No par May- 3 25 - 2,800 -*12% 12 % 13 18 5 preferred— Mining conv 65 36 *38% par C6_„ Holly Sugar Corp 2i% 4% *21 Va 4% <'7 20 Va *13% par 1—* Thte E) FUrnace *21% 4% *22% 93% 5 Hollander (A) 5% 13 Jan (C Co Holland 1 10% Ffeb 96 Jun 18 • 143 *141 21% 4% 22% *'27% ' Hilton Hotels Corp_l i 5 Hiiide & Dauch Paper Co (new) —10 Hires 4 .'*J: 10% Jan 18 22% Jan 21 9 % May Dec He'rshey Chocolate comNo $4 conv preference—j—I—No 7 Oct 11 100 ,.—25 Herciiles 'Motors—I——No par 143 ,21% 21% *35% 10 — 9% Jan Jun 99 ——— *141 22 'V *141 143 22 5 *89 " —25 Heyden Chemical Cbrp———. 1 3 %% cum preferred —100 May X24 20 Vs *22 _,__100 Co commons 6 16 % Feb preferred-— 84 % May 30% Jun 7% 6% 15 'i'V 22 22 *62% €5 6% 3 Dec 42% *105 a 4% 5% *7% 3 Feb 35% 105! ,7 ^ ioo 33% *32%. 32% ' 22 22 22% 1 5 7 Dec Nov *62% 22 *141 V 143 143 2 ^ 21% Jan 9% Nov ' — HeWitt-Robins 15% 29% "12 %. *21% 22 *5 :__100 : Co preferred *21% common—1 (G W) common. noh-cum preferi-ed 7% *141 10 common— 3.65% 21% 100 21% Jail 26 25 24% J —— 15 20 —>__ Hercules Powder common,—-No par 5% preferred —100 5 5 16% Apr ^_— Glass (H J) Helme 4 i5 26% Mar 3%% 1 15 " ' Apr com__No par Marx & Mfg Corp Heinz Mar 30 116% Jtlh Mar *105 Hazel-Atlas 24 36 27% Jan 38 105% Hecht Co 4 40% Mar 25 Apr > 23 % Feb 123 % July 103 *105 Corp of Hayes 22% Mar 14 Nov' 30 105 Va — 78 17 7/a *105 . America 4 Va % preferred Hayes Industries Inc 67% Mar 21 5 20% 30% 77% Hat 19% Feb Oct *12% 76% 14 Jun Mar 12 % 76% 5% Jan Jan 17 12V4 76% 20 Jun 25% 12% 12% *75 preferred 111/2 114 13 13 *12% *12% 76% Schaffner 122% Feb 18 Va 13 *12 0% 11% Feb 18 13 *75 Hart 26 % 128 % 32% 18 Va 12% 4 Feb 103 33% 17% 76 % 19 Feb *32% 17% *12 149 Feb 24% Jan 7 13 33 Va 17% 18 *12% 13 *32%, 33% *75 Harbison-Walk Mar 6% x20 *12 3 4 Va 17 Va No par com— conv 3 Jan 18 Va ' Va Apr 27 61 5 *31 33% *17% 5 preferred————__>_100 (M A) Co $4.25 pfd—No par Hamilton Watch Co 4% *31% ' 4% Jan Jun 25 Well Cementing Printing Co ' (W F) 20% Jan 34'/4 May 8 7 Hall 13 27% Dec Oil 01 Feb 20% Halliburton 4 Jan 1041/2 Apr 4 20 Va Mar 22 21% "Water 7 24 11% Mar 73 Hackensack 19 % Jan 4 11 12 Jan £101% Jan 16% Feb Oct Sep 161/4 May 9% ' , » -• 2 Va *11 . 9% 700 2% *11 4,300 11% 2% 2 Va 11% • 11.100 200 • Range for Previoua STOCKS Year 1948 Lowest *per share Highest S per share ; Range Since Jan: 1 Highest i $per share per NEW YORK-STOCK Saturday EXCHANGE , Lowest . Apr. 30 May ? $ per share $ per share . share Apr 35% Jun 27% Mar 42% July 22% Feb 62% 90 77% Mar Feb x32 July 35 Apr 21 96 95 Sep 97% May 96 Jan 4 Jan 37% July 20% Feb 25 26 % Aug 30 25% Jan May 9% Feb 12% Jun Nov 25 Va Jun 7% Nov Dec 56 58% Nov 150 Feb 76% 160 8% Jan 10 Industria Electrica 4 41% Jan 7 Industrial Rayon De 67 Jan ■ Apr 25 Ingersoll-Rand common 6% preferred No 165 41% Jan 8 Inland Steel Co 4 18% Jan 8 8% Feb 16 Inspiration Consol Copper— Insuranshares Ctfs Inc 8 125% Feb 26% 160 Dec x34% Oct 174% Jun 15% Jan 26 11 93 % Apr 20 1% Mar 31 2Yb Jan 8 13% Jan ,11% Apr 29 Jun Dec 3 30 86% Jan Jan 3% May 16% May Jan X145% Jan 5 • 165 23% Mar 23 164% Jan 3 May Interlake 5 Int'l Business Int'l Harvester 170% Jan 20 7% Nov 23% Fe.b 38% Jun 71 Dec 93 9% 3% Mar 24% Mar 135 Jan 42% Mar 86 5% Jun 5% Feb Iron.. 61 14 —.20 14% 1 *8% 5 12% 13 100 *91% 92 1% —No par Machine- 11% No par *159 common—_No par preferred 23% —100/ 166% 99 14 17 81% Mar 11 3% Feb 26 4% Jan 10 21 31% Jan 7 Feb 8 45 Feb 7 53% Jan 7 International Jan 5 99 May 4 May 52% Jan 64 Jun 55 Apr 39% Nov 45 Jan 41 Jan 43 30 Mar Mar 143 5% Mar 23 Dec Jan Mar 26 7% Feb 8 5 ' 44 Jan 27 International Shoe_ 57% Jan 13 InternationalSilver common— 32 34 Jan Jan 27 Jun 8% Jan 11% Apr 8% Jan .11% Apr 17% Mar 20% May 18% Feb 22% Mar 35% 24 29 39% May Jun 20% Jan 20 Feb 29 •Jan 24 % Apr 4 11 29 32 • ' Jan 1: 21 1666% 14 13% 14 *8% 13 91% '1% 11% 160 23% 166% 46% 96% 6% 66 ' *53% 6% *95 *6% preferred—:—v Teleg share ctfs_^ Interstate Dept Stores' Iritertype Corp 159% 22% 11% xl66% 167 *75 82 137% M *136% 65 65% 55 55 48% *32% 34 *33% 10 9% 10 *9% 10 9% 42 34 9% No par 64% *53% 10 48% *33% 9% *10 5,900 13 5,600 13 V» 13 13 .92 92 Jan 4% Dec 145 May 10 May 144 Mar 30 3VaApr 12 18 Dec 23 % Jun 13% Mar 11 79% Dec 92 % Jan 81 Jan 3 39% Feb 48 May 44 Jan 24 1% 11% 11% 160 Va 160 23% 166% 6% 26% 23% 6% 26% 47% 96 % 11% 164 24 Va 165 % 27% *76 v >47% 6,200 82 4% 2.700 28 Va 15,500 137% 60 483% 46% 47% 13,900 96% 47% *95 95 Va 95 Va 100 Va 2.200 6 6 Va 65 >:63 % 4% 28 55 Va *55 42 49 49% 6V0 421/4 42% 46% 230 56% 200 42% 42% 1,800 49 49 *32% 65 49 1.100 *55 42% 49% t 6 65 57 42 6 63% 557'h ■ 28 Va 137 '/a 64% 6 620 "8 ' 65 56'% 6% • 11,500 *80 4% 138 137 47Va 96 »/a *95 ' 7Va 27 28'% 28 137 167 16,200 6% 83 4% 4% 1.700 24 Va 1G6 28;!4 28 5,500 165 24% 6% 27% 1,300 1% 11% 164 166 130 92% 11% 11% 6% 800 1,700 *1V4 / 24% Va 6 3% 13% *91%: • 1% 165 24% 83 137 138 11% 162 166 166 *76 83 1% 8% *12% 8Va 34 ' 34 34 34 10% 10 10% 10% IOVb 10% 10% 10% 18% 18% *19 Va 28 *27 34 *22%' 10% 10% 200 ' 19V2 19% 19% 27 *26% 27 27 27 24% 24% 25 25% 26% Va *27 26% 27 10% 33,700 10J/2 19% 28 27 Va lOV'a : 10% 2,500 19 Va 10% - *27 V 500 100 28 27% 27% 27% 99 May 2 $6 5% Jan 8 Jacobs 18% Jan 24 148 Feb preferred (F L) 1 Co—+—: 1 Jaeger Machine Co- No par , 142'% *3% *14 *142% 145 3% 14% 3% *14 *142'% 145 3% 3 Vb 14% *14 *142% 145 *142% 145 3% 3 Va 14% 14% 14% *13% 83 83% 84 48% 49 3 Va 3 Va *142 Va 145 89% Oct 33% Sep Feb 95% Jan Jun 20% Feb 35 Dec 106 May 158 Jun 39% Feb 93% Nov 43 Vt 49 % May 5 Jewel Tea Co Inc 3 101% Apr 29 40% Jan 7 11Q% Feb 23 28 May Feb 159% Feb 36 Jan 7 15 104% Apr 9 21 160 33/4% 4% pfd„100 *82 83% *82% 83% 83 J. No par *48 48% *48 Va 48% 48% >48% 100 *101 com preferred—- - 1,500 Corp com preferred-^——.— No par 34% 34% 100 105% 105 % Johnson & Johnson common—l12% 4% 2nd preferred series A 100 *103% 3 % % Joliet & Chicago Apr 26 33% Jan 7 77% Apr Feb 22 7 40 Va Mar 16 Joy 9% May Jun 4 12% Jan 8 Kalamazoo Stove &• Furniture" 12 99% Feb 9 36 86 Jan 3 102 *101 102 / *101 < 102 101 Vs / RR stamped-—100 Jones & Laughlin 5 % Steel com—No preferred series A— Manufacturing. Co_ par 100 1 34 34 104% *155 29 33% *104 34% 3 3'/a 103% 21 May Nov 98 May Kansas 98% Dec 101% Dec 23% Feb 48% Oct 48% Mar 60 % 94 Va Jan 100% Feb 11 3.80% preferred u 100 13% Dec 18 May 26% July 3 14% Jan 7 Feb 17% Apr 21 21% Jan 8 Kelsey Hayes Wheel conv class A_l 15% Dec 22 Va July 14% Feb 7 17 Vb Jan 7 For footnotes see Jun 52 Jan 11% May page 26. 3 103% May 6 43 3/4 Apr 12 56 Jan 24 33 % 33% 8,100 105 Va 105 Vh 200 49% 49% 102 101 49 *33 33% *104 105 Va 34% 29 *155 29% 29 79 79 79 % 79 79 36Va 36% 36% 36 Va 36% 10 10 10 10 • 33% *104 34% - Class 33% 106 *104 *934 34% ?'• 107 % 101 30 29 Va 33% 33% 33% *33% *103,% 105% *103% 104 Va *103% 104% 166 *155 X26% *155 27% 79% 37% 37% 10 9% 9% 166 26 V8 79% '37 79% 700 166 33 79% i: ■" 38 Vk . 26% 10 12,600 79% 79% 38'/a ; 26% 27% 34 • 79% 290 38 38 Va 5,600 9% 9% 1,500 *96 Vz 98 103% . 9 Va 9% City Power & Lt Co— 20% 24 100 300 1,100 4.9% ;. 10 '4% cum preferred 100 Kansas City Southern com__No par 4% non-cum preferred 100 Kayser (Julius) & Co _: 5 x34% Feb 1,400 Va 83% *155 34% *1031%. 104% *155 29% 33 103% 100 K Dec r 83% 84 *101 3% 14 *13 Va 84 101 Va — " Johns Manville 26% Apr 22 Apr 30% Jersey Cent Pwr & Lt 27 102 Oct 83% 2 Apr 33 105 Oct 99 145 Jan 29% Mar 17 Mar 31% Jan 42% Jun 113% 85 145 3% 3% 14 V4 ' 100 % x89 8% 8% 8% • 137% 11 Va '■ ; 34 % 12% 4% 6 66 *18% 165 34 13% 27% *95 56% 19% *159 13% 4% 6% 42 24% 165 13% 27% 96% 48 *26% 2,700 12% 4% 46% 47 41% *19 — 27% 4% 28 47% 50c 61 1% 42 Nopar' 61 61 34% 92% *45% Nopar 2,100 34% 1% No par common 600 37 "4 £00 % 92% 25 42- 6% 37!% *159 13% 26% 137% 67a 37 Va 34% f 92 26% 47% 61 12% 23% 3,800 7% 37% 165 92 1% 2,200 , •" 24% 33% 13 IV4 11% 160 7,100 9 *8% '24% *67'a 92 26% *75 60% *159 200 % 30 % 30!-4 3% 25% 8% 37% 13% 25 7% Foreign *8% 26% 138% —No par International Telep & Island Creek Coal 8% 26% *95 60Va 34 V 25 7 7 37% 165 6% 83 24% 37 60% *159 8% 25% » 46% No par 60% 165 8% 24% 7% *7 37 6% ' 16% 23% 24% 7% 36% a • 8% 33% *137% of Cent Amer com„No par preferred——._-—100 Salt 16% Jun 11% 161 3% 34% 15 International Nov 1% 30 9 24% 33% 100 .9 Nov 8% 30 6% *75 No par 17 8% 30% 4% Feb 46% Apr 30 Va 23 % 6% Int'l Rys 5% 30% 27% Feb - 23 30% 4% 61 98 *22Va 30% 27% 71 *96 23 % *22% *4% com 98 *96 27% Paper Co 80 23% 1 $4 preferred *79 98 com—No par 5 21 8% Nov Corp Canada 79% 6% —100 Mining 3 x63% May 65% July 35 Mar com preferred Int'l Nickel of 94 65 107% 4% International s Chemical & Preferred 137 July Dec Minerals 73% Jan Oct Feb Int'l 27% Apr Jun 139% July 64% Jun 8 26% 791/2 14 , 11.300 32 '/a 26% 79% *22% *159 i200 26 % 32% 26% 79 % *96 60% 4 32% 25 7 32 3 a 26% 80 I 23% *7 33% 32% 32% 26% 98 36% 161 33% Hydro-Electric'Sys class A__25 Jan Shares Sper share 32% *22% 24% 7% 36% *60 Int'l 29 - 25 *159 24 24% Mar 10 51/4 May 34 % 7% Jan 24 the Week 32% *96 8% ' 5% Sales 25% 32% Vf 98 29% -Nopar RUbber Intercontinental 7 v share *96 .9% par Corp common preferred—r-— 7 28 % Jan S per *78 297a —100 : Interchemical 4 Va % share 80 *22% 36% No par 12% Apr $ per 26 23% *7 1 11 12% May $ per share for Friday May 5 May 6 Thursday May I 26 98 25 par 25 3 - PRICES Wednesday Tuesday May3 • SALE *78 *22% *9 Mex, S A — 26 8"% May 156 6 Apr Nov 21% May 103 30 6% May 23% May Dec 5 Jan Dec Dec Co 26% 80 29% - ___•—_—-_No par 57 Feb Feb Co Power Illinois Terminal RR *32% 32% *78 *96 100 Indianapolis Power & Light—No Mar *32% 26 - A—____1000 series 32% Apr 6% 1% 4%-it ctfs 155 Feb 11% 26 common.100 pfd ser A—100 Jun 15% 86 30% May 5 10% Jan '7 Illinois 3 4 lines Stock RR conv Jun Mar 13 Leased 4 21 20' RR Co non-cum 33% Mar Jun 34% 47% Jan 28% Jin 6% Par Co— Illinois Central 4 8% May 21% Jan 15% Jan 38% IdahO Power 7 30% Jan 7 84 Jan* 7 24% 20% Jin 2 24 '•••> - 1 Monday HIGH ; i 30% LOW AND B 1 *96 *102% 40% 52% 12 *18 14% 97% 1031% 41 *96 91V2 *96 97% *96% 98 *96% 98 30 *102% 103% *102% 1031% *102% 103% 103% 103% 40% 40% 40% 40% 40% 41% 40 Va 41% 40% 41 4 000 531% 53% 53% 2,800 11% 1,000 IO31/4 52% 52% 52 Va 53 53% 12% 11% 11% 11% 11% 11% 11% 11% 18% •18% 18% *18% 18% 18% 18% 18% 18% *18% 18% 300 14% *14% 14% *14 % 14% *14% 14% *14% 14 Va 14% 14% 500 52% 12% 521% .*12 52% COMMERCIAL THE Number 4801 169 Volume Lowest llifhest $ per $ per '< Feb 607/e Oct 43% Apr 22 56% Jan 12 40 Va Nov 51 Apr 39% Feb 8 46% Jan 7 Oct .11 Va Feb 25 13% Jan May 1043A July 18% Apr 93% Jan 28 22% Jan Feb 16% Dec 19 Feb Oct 92 11 % 24 , 12 14 29'A Nov > Dec- 89 Jan Oct 62 Jun 48% Feb 39% Febr 40% Nov 49 43 Oct 98 Jan 4% Jan 50 3 5 44% Sales May 6 the Week for share 45 44'A 44% 44 Va 44% 44'A 44% 44 44'/a 14,400 41% 44% *41 Ve 41 41 41% 41% 41% 41'/a 41% 42'/a 12'/a *12% 12% 12'A 12'A $ per $ per share share 12% 12 Va 12 "A 12'A 12% 12'/a 12 Va ■18% 18% 18% 18% 18% 19 18% 19Va 19 98'A 98'A 99% 98% 98'A , 99'A V "98 Va $ per 19 *98% 100 700 900 19 100% 19 Va 3,600 70 99 13% 13% 13% "13 13 Va j 65 65 66 66 "66 67 67 29% 29% 29% 30 30 30 VA 30% 30'A 30% 30% 97 96 96 95 95 95 95 96 Va 96% 96% 96 Va 140 38% Kroger Co (The) —No par 18' Friday ; S per share « 4 7 26 May 44 Va 41% May 5 ; Shares $ per share $ per share "41 Va 2nd preferred——100 conv 20 4 ., Jan Apr 55% Jan 14 . Kinney 'G R) Co common 1 $5 prior preferred-..:.-. -No par Kqppers Co Inc common.:! —10 4 '/a. preferred -—i.*I t 1100 Kresge ,(S S) Co —10 Kress (S H) & Co__i_ -„No par 26 39 16> 47o 5 Apr May 31% Jan 5' x35% Feb ;(58% July Feb 45% Jan 91 / 95% July s 11 May ; Land Co County Keystone Steel & Wire Co No par Kimberly.-Cldrk Corp com—No par 7 - 67 37% ;; Mar 18 3 29% Jan • 14 75 Mar 32 *5 Jun 14% Feb 63 100 Kern Par No par 5 Kennecott Copper— Thursday May 4 May 3 May 2 21 (2005) LOW AND HIGH SALE PRICES Wednesday Tuesday Monday 30 V Apr. share 42'A 12% Saturday EXCHANGE Highest $ per share share STOCK YORK NEW Range Since Jan. I Year ltH* $ per share CHRONICLE STOCKS Range (or Previous Lowest FINANCIAL & 99 •29% "96 "13 13% 13 Va "13 67 *65% 1 ■ *30'A 13% *12% *64% 200 13% 67 67 (30 /x.. 1,500 * 38% 38% 38 38% 38 38% 38% 38 Va 38% ,38% 38% 3,600 50% 51 50 Va 50 % 50% 51% 51 51% 51% 51% X51% 51% "48% 49 48% 49% 49% 49% 49% 50 49% 49% X49% 49% 2,000 4,700 6VA 14,000 \ 6% May 4% Feb 4% 11 Dec 12 Apr Dec 24 Mar 17% Jan 9% Mar 14 % May 9% Feb 18 V 42 21% 10 1% . *■ 43 4 Mar 21 22% Jan .Apr 22 Lee 6 40% Jan 7 4%, July 2 .Feb.25 i6 % May 26'A July Dec May Jan .12 12 8% Jan 6 12 May 42% Feb 14 May (26% Jim 8%. Feb 21 10% Apr 19 x24% Mar 30 16% Feb : 43% Dec 56% Jun Nov 10 % Apr 31% Mar 38%: Jan Oct Nov 20 Va Feb 47 7% Mar 53% 13 14 34% Feb 16 41 42 18% preferred—No pfcL——No 10% Jan 7 24 66% Jan 10 Link Belt 28'A 55 '/a 40 ■:: Feb 8 46% Jan 22 Lion Oil 21% May 5 22 Corp — 200 44% 44% 44% *44% 46 *45 47 10 24 24 24 *23'A 24 *23% 24 200 41% 41% 42 42 *42 43 300 18% "18% *18% 18% *18% 18% 100 *96 97 *96 97 150 "43 - 8'/a 8VA 8'/a 8'A 38% 39'/a 39% 39% x38'/a 5'/a 4TA 5'/a 4% 4% 7,800 2 2 2Ve 2 2 4,700 17 1,000 38 % 4% 4% 5 2 2Va 2 2% 16 Va 6% "5% 46% ■:■ "9Va 23 Va 23 50 Va 51% ,7.% 15% Dec 68'A Dec 23% . Jun 77% 39% 39% :.'8V4 :8Ve 59 Va Jan 14% Feb 15 17 Jan 78 Jan 27 -May -2 59 "58 Va 42% 13% Jan 24% Jun 16 Va Feb 14 '/a Dec 20% May 68% Jun 14 Va Jan 3 Feb 62% Apr 21 Nov 30% July 19 May 18 Feb \ 138 Nov 23 Nov "25 Nov Dec 50 «May x33% Apr 20 Feb 35% May 2l 91 Dec 98% July 95 17 Nov 24% Jan 16% Feb 19% Jan Sep Jun 153 21 23 Jan 20 22% May 3 Jan Jan 28 6 Mar 1 preferred.—ji-^_——£._100 Mar 23 24 24 Lowensteih 98% May 4 21% Mar 30 8 Jan 4%% < • ; $ per share '' *' Highest Highest $ per share $ per share .• Dec 40 129 Oct 142 Feb 13% Dec 27% 30% Mar 131 Dec 10 Nov 15% Feb Jan 10 22 Vs 21% 22 Va 21% 22 % 22 Va 157 Va "155% 156% 155 VA 27'A 27% 34% 34%: 34 Va 22 Va 22'A 22% ^.^100 "97 Va 98 98 98 ——_10 "18% 19 V* 19 19 Va ' ' " STOCK.: STOCKS YORK ■ >'. * Par ' 6% 26 6 10% Jan 3 13 Jan 22 (R H) Co Inc com 4'A % pfd series A___ Madison Square Garden Apr 22 20 Jan 10 Magma 14 6 Va Apr 21 Dec 10 Apr 22 525 Apr 450 Feb 25 10% Sep 6% Feb 6 19% Jan 24 500 Jan 3 7% Jan 20 Manati' Sugar 8% Jan 12 Mandel 10 :. I 50 i * Co Dec 13% Jun Dec 26 Jan 14% Jun 6% Feb 10 10% Apr 29 Maracaibo Oil Exploration— 25 % May 19 Va Jan 25 21 Va Jan 10 Marathon Corp 6% Jan 13 7% Apr 21 Marine 16% Mar 18 17% Jan 20 Market 19 Va 24 18% Mar 6 '/a Dec 15 Feb 22% 8 Dec 92% 17% Sep 29% May 103 % Jun Dec 9% May Nov 22% , 16 Mar 25 Apr Apr 21 29 95 Va Jan 5 9% Feb 7 Apr Mar 18 7 Jan 7 Ry 11% Dec 13% Jan Mai'iin-irany 47% Feb 69% July 42% Apr 22 57% Jan Masonite 18 Dec 27% May 13 19% Jan Master 27% 19% Jan Feb 45 Oct Nov X165 176 Jan 10Va Feb Feb 34% Mar 23 170 Feb 35% Mar r 47% Apr 38 Va Feb 84% Mar • 93 Jun 89 84 Feb 93 Jun 89 77% Aug 8% Dec 85 Jan 80 33 12'/a May Dec 110 Apr 11 21' 15 7% Dec 25 Feb 88 Jan 29 Apr Jan 5 35 Va Jan 112 11 Mar 31 $6 • 1st 10 McCall 30% Mar 23 33 % Feb 17 90 97% Mar McCrory 3Va% 41 v Dec 29 % Dec Jan May 4 9 36% Mar 30 McGraw Electric 34 McGraw-Hill 21 52% May 41% Jan 3 4 34% Mar 10 Jan 35% May 98'/a Jun 30% Jan 87 3 97 18% Feb 24'/a Jun 19% Feb 11 22% Mar 30 15% Dec 24% Jan 15% Apr 21 17% Mar 11 15 Dec 23 Va May 80'A Mar 96 Va Jun 31% Dec 46 Va May 20 Va Dec 25 Jun 11 Va Dec Dec 12% Jan 62% May 18'/a Jun 8% 4' 34 Jan 12 4% 3 22% Apr 13% Jail 28 Melville Shoe Mengel Co 49 Jan 22 14% Jan 20 x30 May 20% Jan 8% Apr 41 May 13 Apr Jan Jun 90 Jun 20 106% 44% Feb 13 Jun Dec 5 20 7% Mar 21' 27% 104% May 29' Apr 95% Nov 25 Apr 28 3: 29 34% Apr 16 97 Va Jan 3 106% Jan 8 20 Merch & Min 20 Merck & Co 92% Jan 19 23% Jan 38% Jan 102 20 26 Mar 14 24 Feb Mar ! 40 Va Feb 47% Jan 51% 41 Jan 49% Mar 30 23 38'A 35 19% May 69% May May 23 Deo 128 Dec 140 Jun 130 Nov 16 May 11 Feb 9 Va Mar 14 Nov 56% July Apr 43% Feb Nov 98 May 87 54 Va Mar 78 May 66% Jan 98% Oct 10% Mar — 105'A Jun 18% July 23 8Va Mar 23 42 Va 87 104 Mar Jan 10% May 8 7 For footnotes ■ see 8% 12% Jan 12 Jan 25 12 10 52 May 7 93 Apr 77 Mar 11 21 4 2 5 12 105% Mar 16 14% Jan 15 80 Feb 19 Mar 31 24 Steel Prod 25 St 3.20% P SS & Minn $4 conv Min & par pfd_100 100 5 —5 w Marie Regul pfd 16 VA 16 74 31% 22% 9Va 9Va "40 43 13% *7% • % 100 "109 11% -100 25 12>A *8'A 50 Va 72'/a < 7% *16 Va 9TA 9% 21 *7 VA *16 '/a 16% 100 20 20 VA 100 *100'/a 7% 16% 20% ■ 2,500 700 IOTA 15 10'A 15'/a 1,800 10 10 Va 8,600 *450 470 6% 7% 67A /*7'A 12,600 9'A X20TA 20 7A 1,000 7% 3,500 7'A 16% 20% 200 7TA 9VA *16% 280 17 20'/a 20'A *100% 102 1,000 17 *16'/a 17 30 490 6% 7% 20'A 10.600 100'/a *10% 7'A 16% *100'/a 102 10% 30% 30% 97/a 2 l'A •. 400 500 140 *99 *20% 21'A 11% 31% 11% "31V2 4,700 20 102 9TA 10'/a 9% 10 Va 9% 9TA 4,200 12'A 12'A 12'A 12'/a 12% 12% 12'/a 12% 800 43% 43% 43 Va 45 45'A 45'/a ->45% *13'/a 13'A 13'/a 13 VA 13 13 13'/a 13 Vb 600 37 TA 37% 37% 3,000 10 9% 36% *171% 37% 37% 171% 171% *171% 37 37% . 173 *171% 172 46 , 1,900 10 172 39 38% 38% 38% 39'A 39% 33'A 39% 2,300 *91% 92 VA 92 Va 93 *92'/a 93'/a *92% 93 Va 92'/a 93% 60 93% *92'/a 93% *92% 93'A *92% 82 '/a *82'/a 83'% 38% V . 7% .■ 8 7% *31 VA 33 33 *31% 112 110'/a 110% *110'A 22 22 21% 21% 21% 22 31%. 31% 31% 82 "31 33 *31 Va 29 «7TA 8 *110% 110% *110'/a 'A 21% 93'A 82 100 8 *7% 8 600 33 *31'/a 33 82% 110% 82 *110'A 20 110% 8 20% 35 100 109% HVb 32 32 32% 32'A 31% 31% 97 *96 97 Va 97% 97 97 32 32 32 32 32 32 32'A 32'A ?2 32'A 31% 31% 31% 31% 54% 55'A 31% *31% 31% 53% 53% 54 »/4 54'A 32% 32 VA 32% 32% 32% 93 92 VA 92'A *89% 20 *31% *89% *104 *10% *20 VA 20% 20 Va 16% *15% 15% ; • /15 Va 15% *15% 15% 73% 73% *72% 73 '/a *71% 73 *71% 31'A 31'A 31% 31% x30 30% *30'A 22% 22% 22% 22% 22% 22% - 9Va 9'A 9'A 9VA 9'/a 9'A 42% *40 43 *40% 42 13'A *13 14 13'A 13 8 7% 7% *7% 8 *7% 27'A 27% 27% 28 15% 35% *15% 15% 73 '•71% 73 32 *30% 9% *7% 28% 28 VA 28% 91% 91'A 91'A *91 VA 20 20 VA 20'A 20% 20'A 35 35 35 / 35 Va 100 100 109 35 100'A 100 109% 109 ll'/a 11 44% 12'A J/4 8% *8VA 50% 50% 94 *92 7 2'A 72'A 104% 104% *70 72 *17% 18 17% 12 - 28% *91'A 92 8 28% 92 20'A 20% 20% 35'/4 35 35 100' *100 100% 109% *109 70 400 200 5,600 100 2,800 900 270 109% 10 10% 10% 3,600 45'A 45'A 45% 45% 45% 43% 44% 5,500 700 44% 132 12% *8'A 8% 50'A 50% 94 72% 73 104% *132 *12 / 8% 50% *92 73'A 104% 10% 10% 10% 70'A 70 VA *70 >A *17% 4,400 13 VA 10% 71 17% 10 42% 10% *92 VA 104% 1,800 10% 11 10% 71 132 *109 28% 20 300 22% 13'A *7% 8 500 1,700 10% 23 133 *132 100 109% 9% 32 v 11 *109 " ll'/a 100'A 22% • *41% 13 VA *91 34% *34% 100 *109 91/2 41 13'A 20'4 20% 12 *16 41 VA 16'/a 16 22% 200 900 20'/a 20% 16 91% *91 44% 104% 10% 2,100 93 20% 44% 72 Va 1,600 33'/a *15% 44% 8% 50VA 55 33'/a 16'A 44% 94 55 93 / 44'A 12VA 55'A 95 16 42 Va 600 33 Va 20 *13 70 1,600 32 *31% 33% *90 17 22% 2,400 55'A 95 19% 44% 133 33 Va 31% *96 *16'A 19% 800 22 *21% 22 *96 96% *96 * *92 No par 1 44% *132 - 7% 16% 9% 7% 45 VA 45 K >*" 3, 100 A ——_A„——No par preferred *20 *34Va i No par com series 1st preferred $1.50: 2nd *31'A 22% _100 Minneapolfs-Moline Go common $5.50 "16% *15.% *72% 10 com^___No par Mfg common preferred 32% *13Vb Minneap & St Louis Ry___—-No par Minn 54 VA 91% preferred—— Minn-Honeywell . 32% —5 ^ 1st "53 VA "90% Co— New 3 31% 27% Petroleum Mid-Continent Midland 32 VA 31% 27% Copper 4 69% Mar 28' page 26. Miami "31 VA 1 50 Metropolitan Edison 3.90% 4.35% preferred series May 16% Feb mmmm Machine Mesta 22% 31% 96% "96 • *7VA 21'/A ; ] Shares r "31% . 6% 7 *16% 7'A 7% "22 1 470 7% 10 21% 37 Vs 173 *6TA 10 1QVA 470 16% 7% 9% 12% *171% 470 7 *16 ■ 10 10% 470 7% 20 Scott-il.No 15 82% .-No par & 15 *92% ;_50c preferred 15Va 83% 93 No par 15 93% '■ 3% Co 15% *92% K —10 new com Merritt-Chapman 139% Mar Jan 11 14% Jan $3.50 Transp Inc IOTA *82 "19% Inc 10% 83% 8 "31 32% "110% 112 1 Co 10% 93% "89V2 (The) common preferred Stores 10% 10 Va *36% 37 >' . 1st conv Apr 8% Jan 29 Va 110% Feb 10% May 5 7o 100 13 Va • Corp 10 VA 44 "7% No par —100 —50 pfd (1st series) 2nd pfd (2nd series) 100% y , 10% 11 30% 19'/a 13% 1 4% % Mercantile 12 VA No par : Co_. McQuay Norris Mfg Co Mead Corp common— 13 Feb Dec preferred McLellan-Stores 1,200 Sales for *i37 100 V2 *16'/a 9% IOTA 11% 31% 140 30'/a 16% 43% No par Mines——5 . 7% *12 31% *137 *99% 19% *99 % 10 *11% 11% 31 % 140 30'A 16% 101 *-n% *137 1% 10'A ! the Week S per share share 100% - 13VA Robbins;Inc com—18 15 Nov Nov & Jan 17% 92 Porcupine McKesson $4 l Co_. Mclntyre 17 Va Jan 85% 35% 4 19 82 27 101% Jan 14% Mar 21 50% M&y Nov 55% May •; 100 Publishing 73% Apr 19% May 47 92'A May $ per 30 V8 21 'A 7'A *11'A ll'/a ; 80 May H *99% "82 —1 Stores Corp com preferred 24 Apr ' conv 29 " Friday 30% "92 V4 v. No par Feb 19'A Thursday ,;t> May 5 $ per share 140 19% "171% 173 "38% 38TA "91% 92% No par Corp 24 98% ' „ PRICES Wednesday May 4 ?1% •>1% 7% 10 21 :: 11 VA *6% 44 VA 37 No par No par preference 31% Apr *19 *440 "13Va f —No par -Vi' Jan Jan pfd cum 19% 15 12 Va "43% . —100 common———5 No par Stores Maytag Co common* $3 preferred 25 31 1 $3.40 31 "99'A No par $3.75 cum pfd 1947 series—No par 19% Mar 22 42% l_— 83 36 Va May Nov _l__——No par 93% Mar 29 7 i 10 11 9% Jan • 1 — Co__u— preferred Jan 23% Mar 19% 23 110 Jun 19% Jan Jan 101% 7'A 17 Feb 7% Apr. 19 TA 10% 16% 9% 21 7VA "16% $3.75 preferred 16 26 41 % Corp cum 20 7 *16 10Vs 9% "20% 94 % Mar 22 % Mar 28 20 10 VA *7% 8 • Chemical .Corp—No par Dept 22% 22% 19% 23 *99% 470 *6% . 16% "16 . 41% Mar 21 May 6% 1 4 .. 21 Co Corp Mathieson Feb y *98 xy % 30 Va 100% 10% 10% *440 470 67a "7% i.__100 ;_L2 L) Electric 2,400 1,800 98% '15 15 10% "440 No par Co.com *99% *10% 15 10% . 16'' Jan Jan 43% 112 42 173% Mar 14 15 —5 preferred (Glenn 1,100 34% 22% *137 ll'/a 6.25 & 27% 34 ■ *97'A $ per share 30% Corp.————_5 6% prior pfd—100 Field 4 V4 % Martin Apr ;—- Shirt St 27% 28'A 34% 22% u 10% Midland Marshall 103% Feb 12 Bros. Manhattan 200 98% 31%, 30 Va 1 —Nopar Feb . 22% 156% 19% 140 vi 11 Va — 5% 12 *31% *135 140 10% No par — *11% > "30Va 30% "99% 100% "10%. 10% - No par —100 CO" (The) Coal RR Co Mahoning 22'A *155% 22-)a $ per share ll'/a 31V2 "135 5 i —.-. Copper Magna vox i 12 Inc Mack.Trucks Macy 15% 7 7 100% Apr .. 11 Va 31 Va 100 preferred 6% Apr 15% Jan 10 '* 10 com 33% Jan Feb Nov 138 22% 98% Tuesday May 3 'r 1,400 156% 22% LOW AND HIGH SALE ' 19% 1,800 8,100 98% May 2 25,200 18'A 64 Va 19'A ;: Forbes & MacAndrews 18 *64 22 % Monday S per share ■:: *34 > "97 Va > Saturday Apr. 30 • '1 Working Co—'——5 M & M Wood 9 22 >A 156 28 34'A A___ 19'/a 9,400 19% 19% 64'A 19% 100 74 *69 20% 18'A 28'A 26% 34% i 3 18'/a 64 155 »/a 26% 3 Dec 9% 490 14 Va Mar 20'A 22 V* 156 Va 34% $ per share 36% Jan 1,000 75% 19% "19 19% 19 "26% 29 lQ'/a May 24"% May xl6% 30 1,800 14% ' 34'A 30V8 Apr 95 Va Jan Jun 39% May 103% Jun 94% 3 31 Va Apr Jan 21% 14% 18% 64 157% 26% r;y„ M 11% May Xj5% 21% 14% 20% 33% "22 % EXCHANGE ; 63 Va *26% & Sons Inc com—1 serits NEW Range Since Jan. 1 Lowest (M) Lumens Steel Co 1 Year 194K Lowest 17% if-V ^..50 Nashville.:. pfd Range for Prevlons •* 18% 19% 18% No par Gas & ElecCo (Ky) 1,300 *68% 15%: 19'A. 22 58% 22 > 1,700 "14% 19'A "156. 58% 8% 55% 14% "68% 19% Jan 14s ■" 600 8% 7,800 40'A 8% • 14% "68% 19 18% 18% 210 40'A V 8'A 40 59% 8 Va 73 14% 70 1,000 21,400 21% y 14% 19% > 40 < 36% "36'A 44 18 & 39% 42% 64 Loiisville 172'/a 42% 17% Louisville 172 59% "63% 5 171'A . 8'A 17% 11, 171'A 171 42% 14% 70 4,500 79% 59 V 63% 41% Jan ,/ 79 8% 17% 28 % May >79% 58 Va 8 63'A 4 -36% 78% *39 39 % 17% 28i 7 7/a 36% 171 63 % 7 7c -x-7% 79 VA 58% i 14% 15 18% -—1—1 1,300 1% 7% 7% 36'A 78% ■ 172 17% Inc 500 *3,500 7% ■; 78 Va 63 »A 2 158 15 Star. r 36 VA 7% 37 "■ _i—No par Lone 52 52 Cement Corp.No par Long Bell Lumber (Md) A—No par Lorillard (P). Co common——10 Loew's 4 67% i Lockheed "Aircraft Corp.- 5. 18% May 3 23% Jan 37 21% 158 " 22% Apr 5. 23% 51% 23% 51% 38% 42% 42% "70% ' 74 ■ 23% 23% r_ LiqUid Carbonic Corp coml—No par 3% % conv preferred-—-—_100 7 70 3,200 51'A Va "171 8»A 8 Va :y 60 42% i- 100 46% 10 Va 23% 78% 172% "39'A "36 78% 172% par 5% 9% >> 51'A —No par r 5% 46% 10'A 23 v« 7% 7% 77% 77% "38% .——No par Co.—_T New 5 Jun 415 57% xl8 May 6% 46TA 51% ' Feb *5TA *9% / '9% ■no.•'■/ 23 V* 51'A 36% ... 36 "171% 172% 1 *16% 16% 3,400 46'A 6'A 46 VA 46 39 ' 36 ( *5% "23 35% 7% ;7% • 6'A 16TA 16% 16 VA 46% "9% A 9% 23 51 16 Va "46 Va . 9% 10 /; 2 16% 6% 46% 5 "5% 16% 16% 8,300 VA 8 8'A 38% 46% 8'A 8 38% 8 Va 8 Va , 97 *96 96 4% i 42 18% 18% 18% 96 : 23 Va ——*—5: iNo 10'A 38% "50% —No par .1 Co *10% 4% "23% "9% Corp.——No par Lima-Hamilton 24 Feb 10 8Va "5% Lily Tulip Cup Corp.—' Feb 10 4% *46 1 8 8 10'/a 38% 16% par ... 58 1,500 10'/a 8 Va . Jun 300 22'/a 4 Va par (The) 4% 22'A 38% 1 2nd *4'A 22 4% "41% 96 96 »'2- -V ■-2": VA 6 6% 21'/a 4TA 4TA 41% "18% 96 Va Stores 70 % May . "41'A 100 10 25 50 6% 21 10% "10 44 Va -23% "95% Corp 55% Mar Va Va 20 TA 5 20% 23% "43 23%. "18'A - Libbey OWeria Ford trlass— No par Libby McNeill7 & Libby—7 Life Savers,. Corp—A ^——5 ( Liggett & Myers Tobacco com.—25 preferred ±_' 100 1 22 Apr 44 "23% 1 \ 175% Apr 72% Apr "4? —5 Tire— non-cum Lerner Apr 18 Feb 10 10% Lehn & Fink Products—r——A..—5 8% Mar 30 3 37% Apr 88% Jan 170 May :.13% 4 34% Jan Jan 91 25. 44% Jah 174% Mar Nov 50c "9% & Sons Co com—-—3 & (James) Lehman 10 Va "41 >A $3 non-cum 1st 47% Jan 22 20% "9% 1 Lehigh Valley Coal com—— 24% Jan 4 5% May 8 , - _ cumulative preferred Lehigh Coal & Navigation Co Lehigh Portland Cement Lehigh Valley RR 10 Jan 3 I Co_ 3.85% 23 "4% 20% 6 20% "4% 5 5 21 6% 6% 6% 6% "4% "20% No par _50 common.. preferred Rubber Lees 24 5% Jan 8% 20 6* 31 10% May 8% Jan 18 Bryant 4 Va % 6% 6% 6% Light Co 4 pfd,__75 Pesos Mex ^-No par 6% Co-AThe)*.. Lane-Wells Mar 15 56 33 19 4 Feb Mar Lane 24 8 Jan 82 44% Jan 26% Jan 37 5% 157 7 Dec 41% 8 26 24 13'A May Jan 19% Mar 11% Jan 96% Apr 11% Jan 39 4% Mar - Lambert Feb 90% Jan Gas Consolid La 6 8% Jun Feb 30% Mar , 21 Jan 37 May 26% May 99 Jun Dec Jan 21 47 Dec 90 ;• '6 22% May 43 53% May 29% May Oct; 257/B Aug 35 Mar Laclede 6% Mar 29 4 4% Mar 29 18 17% 23 23 23 ' 23 23 500 *132% 133 Va 132% 132% 30 12 VA 12'/a 12% 12'A 12'A 1,100 8% *8% 8% 8 Va 8'/a 300 133% 51 5 l'A 52 94 92% 92 '/a 74 76 76 104% *104% 105% 5 l'A *92% 75 *105'A 5 l'A 94 75 V2 106 1,300 10 1,700 80 11 VA 11% 11% 11 11% 5,600 72 71 71'A 71% 71% 220 18 '/a 18 18 500 17% *17% . 22 (2006) THE Range for Previous Year 1948 , Lowest $ per share 423/« 73 % Highest I per share Jun 42% 9% July 13.% Feb 34 Feb X33 V* Dec 44 Feb 15% Jun Dec 24 9% Dec 10 8 Feb 11 10 Oct Jan 8 Mojud 5 Apr Monarch $4 Jan 3 11% May 4 59% Mar 29 10% Jan 3 13% Apr 52 20% May 27 Jan Jan 21% Dec 10% Feb 11 20% Jan 20 29% May 19% Apr 19 25 % Jan 7 19 Deo 23 May 18 15% Dec .24 Jun 10 16% Dec 14% Oct 112 12% Sep 17 10 Jan May Jan 11% Feb Morrell 112% Mar 17 13% Jan 6 13 34 Dec 43 Jun 32%, Mar 18 50 34% Jan Dec 55% Jan 48 51 Mar 18 Jan 4% 8 8% 9'/a 9 41/8 V 4V'8 4% 4'/4 20% 213/8 213/8 22'/4 221/a 223/4 29 281/4 28% 211/4 21% 29 10 10 23% 23 51 *28 , 10 29 10 23 . ' * 49 *281/4 > *9% 49 Vb 10 231/4 10 ; 23 50 % j 50% 108 *105 110 *109 231/4 11% 531/4 11% 53% 53'/a ,51 y4 107 *109 *11% :: 511/4 *105 Ill 11% 11% 23 50 3/4 V ,107:, ■: . *11% J for the Week * 491/4 Shares share 49% 3,500 9% 49 18,700 10 10 • 9'/4 93/4 4% 4% 4%> - 213/4 22 28'A A 111 23% 1 -9% ( • *23y, i 52 52% 52% *106 500 *109 : / 1.300 X 23'/2 521/2 600 • . IO81/4 *108% 112 1103/4 14,200 9%'-: ; x52 • « XIO61/4 1063/4 1063A *109 4,300 1093/4' 1103/4 200 ' 100 1 ' Hi/4 11% ll'/4 11% 53% 11% 23% - 2,800 281/4 ' 110 5 48'/2 t per • *105 & 52% 53% 53, 53% 11% -11% - 113/8 11% 541/4 53% 54 54 • 1,500 \> 10,700 •' 11% 12 12% 12 121/8 121/4 *12 12 y4 *21 21% 213/8 20% 21 20% 20% *20% 213/e *20% 21% 600 *17% 17% 17% 17% 17% 17% No par Co 17 1/4 173/8 17% 17% 17% 17'/2 2,600 *■19% 20% *19% 20% 20y4 201/4 20'/4 201/4 201/4 201/4 193/4 193/4 18 Va 18'/a 18% 181/2 18% 13% 131/4 14 No par 5 *18 ~~_i _Il ; Mfg Corp Munsingwear Inc 5 Murphy Co. (G C) common I 1 4%% preferred _100 Murray Corp of America com 10 7 83/4 4'/a *28 No par Mullins 25 48% 8% 29 _5 Inc 8 Jan 47% 8% 4'/4 28% 'y*. si. Sales May 6 ';•'. j (John) Motorola 7 11 11 Co_ Friday May 5 $ per share 47% 21% , Thursday " $ per share $per share 83/a 21 No par No par Products Corp Motor Wheel Corp Mueller Brass Co 42% Jan 5 A Utilities 17% Jan 3 Jan Co PRICE* Wednesday May 4 4% , !" 9% /■'■ No par com.. 5 preferred sferies preferred series B 14% Jan 17 110 Tool Chemical *46% HIGH BALK May 3 41/4 ( ,*28 1.25 AND 8% 4 Vt Inc Motor 19% Mar 30 Feb 25 38% Feb Jun 45 23 3 13 May 4 10% Apr 21 Oct 33% Feb 107% Jan Monday, May 9, 1949 Tuesday ■ -, $ per share 47 8% A„„___100 Montgomery Ward & Co Moore-McCormack Lines 7 11% Jan 47 ' Montana-Dakota 6 20% Jan 13% Nov 10 _"_5 ♦3.25 13 8 per share Mills Co Machine Monsanto 111% Mar 29 May 2 No par com series Hosiery 111% Jan 4 May 17% May Nov preferred Mohawk Carpet 20 . RR 7% 55% Mar 30 4 Feb 65 Dec 20 45% Jan 107 10% 47% Mar 4 103 Jan 117/b Jan Par ♦ Corp Development Co Mission Mo-Kan-Texas 21 % Jan Apr Mission 7 25% Mar 30 25 May 112% 6 5 Jan LOW Monday Apr. 30 , 6 35 61% May 122 CHRONICLE Saturday • 7 9% May 25% Apr 26 9% Apr 30 29% July 45V« Nov 99% Dec 105% Mar 54% Jan 2 25 15% Feb Jan 9 2214 FINANCIAL ' EXCHANGE S per share 11 4% Feb July *■„ ' Lowest 7% Mar Feb & . '■■V' # per share 4 STOCKS NEW YORK STOCK * Range Since Jan. 1 , Highest Feb COMMERCIAL 18% *13% *21 13% 11% 11%: 10% 41% *40% 112% *110i/2 ; 12% 12% 18% 181/2 I81/2 13% 5 13' 131/2 18% , 500 1,000 ' 133/8 12 Va *10% 413/8 41 112%. , *33% 34% *333/8 343/8 •>-,*47% 49% *47%, 110% 13 Va __5o 11 >/8 483/4 11 Ve 103/4 10% 11% 10%: 10% 10'/a 41 11 10% ... No par preferred Myers (F E) & Bros 181/8 >13 ii3/„ 10% *40 *110% ' 2,700 ' 1,600 ' 11% *10% . ' 131/4. ,13% . 12 41 413/a 411/4 -41% 1121/4 110% 11072 110% 12% 13% *34 12% 341/4 *47% v *110% 49% 343/8 *48 11.1/4 131/a 11'/4 3,700 10% 10% 400 41' 411/2 1,800 1101/4 170 ' •'i3ya 343/3 *34 49% 11 11% '1101/4 V vi3y8 ?48 123/4 13 >*34 '34% > 49 2,700 100 35 '48 . 48 •>. 100 r* -tf,-,-. N 14% Mar 20 18 21% Dec Feb „ 26% 28 Jan 19 Oct 30% Jan : 3 5% Feb 7 30% Feb * Jun 32 8 6% Mar 6% May 9% Jan 5 12 6 14 ya Feb 25 Nat 8 16% Jan 7 14% Deo 10 % Jun 13% Feb May 96% May 88 38 25% Apr 14 169% Jan 4 Jun Apr 7% Feb 24% jun ft Dec Jun 1 25 135 25 % July 94 Nov Dec 19 Feb 7 19 11 82% Mar 23 Jan 86 8 Nov 90% Mar 12% 31% Feb 100 3 2 May 200 ; 3%% -F*1 '# r > 8 per share Jan 8% Jan 10 July July J) YORK 9% May 5 2 New 8 10 Newport Industries City Omnibus Corp New York 23 r$5 Mar N 9 9% Jan 21 Dock non-cum Y & 26% Apr 28 33% Jan 21 Preferred Jun 91% Jan 96 Jan 22 Oct 15% Feb 25 19 % Apr 7 3 17% July Jan 14 4 21 Jan 10 V 3 16'/2 May 7% May Jun 90 14 Jan Mar 24 23 Dec 36 y. Jan 55 23 y4 Jan 3 28 Feb 62% Nov 50 y« Feb 24 Aug 28% Jan 26 14% Mar 17% Jun 15% Jan 8 Jan -13% May 82% Mar 25% Feb 16% Mar RR 9% Feb 5 Jan 11 85 31 Jan 14 36 Va Mar 17 Jun 13% Feb 24 8% Nov Dec 84 8% Apr 21 14% May 2 33% Jan 11 27% May 40% Apr 33% Jan Dec 7% May 10% Mar 14% 11 ys Mar 2 £.50 103 30% 100 113/8 *ll5/8 13% *101% 30% : 103 *1011/2 12 *11 • 103 103 *101% *101% 200 300 x 1,500 • 400 /"V'v 103 ■ '•yiw *30% 30% 30% 30 3/4 305/8 30s/8 *30 % 303/4 1,000 *991/2 lOO North IOO1/4 *99% 100'/4 *99% 100% *99% 100% 10 American Ry Aviation ♦3.60 $4.80 4 Ry Co Gas 50 Co ._10 Ry 100 par preferred 10 10% 66 29%... 10 i/a 11 *29 29% -28% 11%.,' ill 11% 70% 70% 71 *123 126 *125 ' *121/4 12%' *26% 28% *56 250 60 *53. 7'7% i 72 & 4% Jan 11 Norwalk Tire 23 Norwich Pharmacal 29 30% 29 ' 103/8 ( ;)S ^ 29 29 11 y8 11'A 72% 73 128 ll'/a 11% 11% 11% X 72 72 72% 72%: 1 I 126 126 123/s 28% *26V2 28% *26% 30 26% 60 *56 60 250 240 250 >240 ; ! *56 60 *56 250 *240 7'/a 71/4 26% 263/4 27 27 92% 92% 92% *92 923/4 *181/4 181/2 181/4 181/4 18% 18% 18% 18% xlU 18 *88 90 893/4 *88% 19% 193/a 93/4 *82 • 8 .1% 26% 331/a 33% 14% 10% 101/4 8 v; 26% 261/4 511/4 26% 9% *81% 19% •• 9% 10 3/8 10% 143/8 15% 14% 14'/2 ,33% 33% * 31/4 121/2 84% .33%. 85 • 34 3% 31/4 ,.31/4 12% ■ *121/8 *26 7'/a ' 26% ' 92 92 2,100 1,100 90 110 I8I/4 .*• *18 1,000 91 *89 17% 123/8 • . .'.3»/4 8 *17 , , *261/4 • 17% ' 2,100 '/a 8 % 26 y4 26 »/4 400 51% 8ye ; 51% 2,400 8 263/4 85 108 3'/4 513/8 19 3/8 51% *26 263/4 19 1/2 26 3/4 1S% *26 • • 19 »/4 19'/2 7,400 26% 193/8 29,000 ' y4" X 10 . *82 33% 341/8 ! 34 343/8 14% 14% 14% 14% 9% 10 14 3/8 8% 15V2 %■ 513/4 ;■ '14% 8% 33% 515/8 333/4 83/4 15i/2 7% 26% ' 333/8 ' 8% 33% 8 261/4 82 Vb 83/4 ... :> 8 82 10% .5: 84 - 27 171/4 17% T- 83 83/4 10 85 7'/4 27 ' 19% / 14% 10% - *26 v, 33% 14% *88 16% .50% 193/8 143/4 ' 18 *26 : 83 33 89% 18 9%. „.9.% *81% 100 • ' 2(6% 191/4 • 10 t 51 '/a *26 83 - *88 173/4 50% 71/4- 7% 400 r ' 90 . 71/4 •• •800 250 *913/4 a. »•' 60 *240 ^ 7'/4 7% -•' 26% 92% 261/4. 1,200 123/a 263/4 •• 12,300 *126 »/8 71/4 8 3/8 900 - V 123/4 26% 27 2,750 2,100 r / 127% *126 92 17 % 2,700 v 305/a 1 T 103/8 68% *12% *56 250.. ->. *88 7,800 2,400 : 29 27 17% > 305/8 *66 • 31 12% *1071/4 .2.50 93/4 97'/4 123/4 1073/4 ..No par 29 67 923/4 173/4 Shares » 47'A .-471/4 v 12% 1071/2 Co 103/4 '67 ' 30 3/, *26'/2 50 Rubber *10% 11'/a 67 " 301/4 *92 ,_25 12% Apr 473/4 125% 107% Telegraph 47% 9% •*95% 97'/4 12% *84 preferred Northwestern v 93/4 v 125% 107% common 9 '/a *251/2 t 283/4.. *240 . *701/8 , : No par Inc *103/4 67 301/a 12% 253/b 60 *240 • 126 *12% ■ *95% 48% *65 29 11 70% { 48% 301/4 *65 No par preferred Northwest Airlines 4.6% .48 11% 1 1 . 5 Jan 9% 97% the Week $ per share • for Sales May 6 $ per share ' 29% 26 V2 4 36 9% *95% 291/2 *26i/a 10 109% Mar 22 2 : *' 48 11 .25 Co Northern States Pwr Co (Minn)— Common No Feb 9% 971/4 29i/2 • Friday , May 5 9% 66 : Thursday May 4 S per share *95% . 65 51% Pacific 19 9'A 97'/4 49'A 29% 51% Northern 7 ' 9% 9% ... . Wednesday share 29% 25 com 7 10% Jan 49 X per 65 4 8 Central Feb 9'/a *95% * HIGH BALE PRICE* Tuesday May 3 A '. t per share 9'A 49 *26% Natural , Monday May 2 'r 971/4 49 4 ; preferred American - I per share 1 Co_. & Western Northern 2% Mar 22 Jun 100 10% May , 1,900 113/4 11 % 273/8 *13 Gas Corp— 90 28 15 _,_100 Northern 17% Jan Apr 29 107% Feb 17 ya Mar Nov 3% Mar Feb A Corp Chemical North 7 81 Jun 90 27% 133/s *101% 31 100 J/4 *95'/2 50 Industries Adjustment 18 Jun 109% 103 r.9% No-par Co Hart RR CoUOO series Elec & Electric Norfolk 28 27% Oct • 1 preferred Nopco 20 19% Apr 11% Jan 5% Noblitt-Sparks Noma 10 36 y4 Aug 16 7 3 8% Feb 78 103% % Jan 28% Jan 93 Dec *13 Saturday Apr. 30 ; Light 3.90% pfd__100 Shipbldg Corp partic stock. 1 ♦3.75 3 59 25 N Y N Y State 25% 27% *11% 11% 100 131/8 N Y Power & 19% Dec 273/8 113/8 131/8- No par preferred Harlem 39% July Dec 27% 115/8 131/2 100 No par common N Y New Haven & 96 . 273/4 •:,y 13% 13% >100% No par N Y Feb 13% 27% 13% N Y Chic & St Louis Co com__i_100 6% preferred series A 21 Feb 20 27% 13% *13 100 No par 6 Jan 120 ;. 11% ;. Brake 8 86 16,300 83% 11% ___100 21 jun 18% 83% ll3/a Central 4 18% 84 11% York 250 18% 84 11% New 10 18% 84 11% 7 Feb 18% 84 113/8 13% Jan Apr 29 400 3,300 84% *84 11% 1 preferred Jan 7 23% ' 11% Air 4%% 14% Jan 225 *22 3/4 23 11% common 26 y2 May * Mar 231/4 11,900 11% Elec System 20 Jersey Pr & Lt Co 4 % pfd__100 Mining Corp 10 10% Feb 11 14% Jun *221/2 i£ 20% .;*22 18% 18% LOW AND 20% Jan 255 75% ft 11% York Apr 75 2(f/n 5/8; 11% New 59 76% A 11% Newport News Ship & Dry Dock__l 14 20% 753/4 12 12 Feb *19% 763/8 ft 11% STOCK Apr 48 20 % 75% *11% 27 140 *19% *11% 12 5 900 2,200 113/8 72% Jan ,!Jan 190 6 18% 111/8 Apr 33% Jan 81 144'/a "5% *18 27% 35 68% Feb 24 124% Mar £9 *143% 6 18% 11% 24 10 V4 Feb .144 *1421/4 6 11% 3 25 190 273/8 Newmont Apr 30 4,000 12 New England 971/2 Feb May 29% 172% 11% I Par 59MiJan 13% Jan 29% *171% 27 J/4 EXCHANGE Apr 22 3 90 293/4 171% 171% 18% 23 173/4 84% 7,900 89 *11% common Jun 88 27% *22 900 .151/8 15 89 18% , 19% 17% *84 18 76 23 • 10,800 ,'V *11% S per share 9Va Feb 25 Jun Jan 84% 19% 75% 2,500 1 Co ' : Mar 21 94 44 % , NEW Highest Nov 81 *84 20 75% 173/4 144 5% y:: i 14% ' •*22 17% 171'/a *142% 29 28% *170% % 9,300 ■: 86 > 22% 17% preferred 20% 1 •22% lo 100 is 15% 89% ' v 6 18 15% *88 89 28% A fff *19i/2 14% *88 28 *5% 18% 75 No par Corp Range Since Jan. 1 61 Jan 75% 28 : >y e 14% 88 313,4 14% .15 No par Fibre 27 6% Mar 20% com Co 23% Mar 196 *19% *74% 141/B 1 31 :: No par Vulcanized Newberry Co 2 ' Lowest 18% July 11% Mar A No par 25 Corp *30% 65 49% Jan 143 *99 y2 28 % 20 1421/4 18 1/4 100 28% Jan 92 143 5% 18 common_No par Jun 144 *1421/2 6 17% (J Oct Feb 143 *5% preferred Jun peb 142 serial 34% 121' 170% Inc 43% Dec 170% conv Mar 28 11 88 „ 1,400 18 10% 27% Bros 29 17% 113/8 171% 4%% 93% Jan 18 11% 27 3/4 12 27 17% 11% 15 v; *170% xl01% Jan Natl Natomas 17% 113/B 171% 100 Nopal Shares 17% 11% 171% preferred A 143/8 2,500 12,100 11 17% f-y:' 1,400 2,200 6% xll 143/4 27% 88 " . 7'/a 6% • 31% 88 14 ' 143/4 27% *87% 7 31% 88 Neisner Feb 12% common 14 % Mar 17 Nov 39 1 Co 7 113/8 31% No par 10 preferred Lead 28 ore Aug July 26% May 90% conv STOCKS 64 Nov 11% ll'/a 14% 14 V8 Feb 20% . 11 % ;'1 6% 240 63/B 313/4 30 14 Nehi 31 , , 111/4 172% 63/s 7'/a 7 1/8 111/4 15,100 , 14% 1 com 3 99 Feb -12% Dec 70 h ■11% Co 9% Jan Jan - 175/8 11% Gypsum l2y8Apr 20 11% Apr 2 13% Mar 30 May >1- 173/4 Enameling & Stamping___12.50 27% May Highest r 145/a • 7 y 7 800 >'v> 34% 31% ; 2,600 123^ 31 r-y 172 6% 32 ll'/a 30 14% 4 v* t 29% 141/4 4 Jan 30 7 7 r v 71/a 11 '/a 14% 3 103 >29% ' 7% 7 11'/a 172 ' 6% 32 3,000 '105/8- 123/B *30 : 34% . ■ 500 1 83/4 . >X10% 1 , 34% *171% 6% *7 W'-' > 11% 10% 30 22% 83/4 : 22,900 25% , ; *21'/a -31% 34 121/8 *25 , -12% 31% 17% National Steel Corp 5 7' 71/8 *11 '63/8 31% • 10% *121/8 1713/4. 6% 12 ■ 8% '*,293/4 34%' 31% 17% National 24 1 Lowest 29% 9% Jan far Previous Year 1948 I per share 29% 10% Jan 13 7 71/a ; . • Xl713/4 173 311/4 - 105/8 12% .311/4 33-% 33% 12% 22% -.8% 12% *v 14% Prod National Sugar Ref Co National Supply (The) Pa 4%% preferred National Tea Co 7 Jan 7% No par 21% Jan Jan 98% 22 21 15% Feb May « 35 Feb 10 Jan 104 x27% Mar Jan 91% Jan Jan 19% 12% Nov 4 23% Mar 28 Jan 12% Nov U Jan 73% Apr 22 21% Feb 28 30% May 15% May 9% Nov 8 6% 315/B 83/4 *293/4 12% : .'*1713/8 ,;v- 6% > 61/2 315/8 7% 6% preferred B 100 National Linen Service Corp 1 Nati Malleable & Steel Cast_No par Natl Power & Lt ex-dlst 6 21 172 6% 10% v 25% 22% 225/8 ; 8% 31 .17% $4.50 9 6% Jan 19 y4 Jan 19% Jan Jan 16% Nov 80% Nov 148% Mar 4 172 33% 12 25% 12% 25 22 : 103/8 123/a *29% 33% 12 25 V 83/4 10% 121/4 31% *7V8 A 71/4 11% 11% '8% , 311/4 335/b 171% *6% *31 22 *13% 7% 2 171 % '/• > 12 25 10% 12 *29% 33%! 33% 9 *10% - " 22% 0 National 3 % Mar Oct 25% 15 177% Feb 5% Mar 10 May 114% Jan Feb Products 10% 11% *24% *215/8 y •25 No par National 33% Jan 21 16% Mar Jan Nov 95 Apr 25 Dairy 31%. 10 Department Stores National 25 12% *29% 1 Distillers 10 10% *i2ye 1 National 20% 19% Nov 81% Mar 1 Co National 5% Dec 15% Feb 38 Gas 19% Mar 30 177 1 Cylinder 8% _100 7 147% / National 9 No par 1 National City Lines Inc National Container Co 8 11 Jan *8% 5 : Cash Register 14 Oct k National 13% Feb Nov 87 preferred National Can Corp 3 *21% 10 7% 7% Mar 11 12 22 4 common 17% Feb 130 100 Jan Co May 21 Oct 9 27 Jan Biscuit 11% • 25% *21% 1 ; 22% May Dec 29% Jan 10% National 6 12 *25 1 31% May 4 15% Jan 24 162 21 25 7% Mar 29 24 27% Feb , 35 2 10% Feb Jun 178 Nashville Chatt & St Louis National Acme Co 4 Jan 34% May 170% Mar 15 14% Aug Mar Sep 20 National Automotive. Fibres Inc National Aviation Corp National Battery Co 13% Apr 9% May 12% Dec 85 7 37 9% May 13% Jan 17% Nov 15 National Airlines 2 48 9% Dec 14% 4 3 Jun 12 9% Apr 11% Jan 3 10% Jan Oct g __100 11 30% Mar July 175% 10% Mar ; Jan Corp 23% Apr 3 11 32% Feb 24% 5 Nash-Kelvinator 21 9% Feb 5% Nov < Jan 7 Jan 45 Mar 32% Dec 6 13 13% July 17% Mar Feb ,162% 15% Jan 23% Jan 10% May 9% Nov 29 11% Apr 29 Sep >29 4% Sep 8% Jun 32% Feb 10% *85 8% 15 •/. *33% 3'/a 9% ?; 0% 8% 30 10% 17,300 14% 7,400 10% *107»/2 > 853% 85 3% 107% Z 35,400 330 t> 108 210 " 85/8 : 1551/4 r i' 8% 85/a > 15 153/8 f*147/8 153/a 333/4 34 3% 11,800 34% H 14% A ' 83 34 86 107% ' ' 10% 851/4 107% 9% *82 ■ •10% 10% ; 86 107% 10 83 -i 341/2 1*34 Va 35 i,3y8 .-' 5 '3 / 3ys-' ' 3,600 •■3,200 : > 170 3 Va > . 500 * *12 123/8 - *12 ' *31 123/4 *12 123/4 *12 123/4 . ' ■' 100 O 26% Dec 192% Jan 26% Feb >16% Apr i 22% Feb > 92 : 103 20 27 ! 80 12% 100 Jan 23 Jan Dec 11% Feb 8% Dec 60% Sep 34% Feb 3 99 y4 Jan 3 Jun 25% Feb 11, 17% Jan 8 Jan Jan Jan 7 8 Jan 10 20 Feb 90% Jan 10 Mar 28 22% Jan 7 29 Feb 7 148 Jan 15 13% Feb 8 89 Feb x66% Apr 19 73% Jan 49 y« Jan 3 11% Mar 29 15 8 % 32% Mar 30 155 % Apr Oliver Corp 4%% . 8% , 6% Outboard Outlet 14 24 Marine & Owens-Illinois 2.50 *14 *66 Glass Co Amer Fisheries Coast Co 37 Jan 6 40 Jan 17 1st • preferred 303/4 No par 12.50 Pacific 4 85 *20 Mfg Co Pacific Apr 85 24% 71/4 21 851/4 20%., Inc. common non-cum 2nd preferred non-cum • 54'/4 *12'A 10 31 311/4 '8% *155 14% *13% 69 *66 - 541/4 12% 91/2 541/4 12% *83/4 ./ : .14% 9% *17% 102% • 18% ; *17% 25 24 S/8 25 '/a 94% 93% 93%: 71/4 7 85 »/8 85 n 30% *155 21 30% 156 »/2 . 20% 305/a 155 .7'/4 93% • i 14% *133/4 *6R fin 121/4 83/4 No par *66 681/2 *66 681/2 >66 No par *37% 38V4 *37% 38i/4 38 56 12% 8% 68% 38 553/4 12 *8 3/4 *66 31 38 1234 9% 38 : .*173/4 25% 85 21 *20'/8 311/4155 31 >153 > 57 25 3,000 94% 190 r-7 2,100 350 200 21 31% i. 3,800 20 155 *62 : • • 69 56 57 V 12% 9 181/2 .*133/4 .14 % 141/a 123/a 84 :r 80 7,300 85 6% . 69 r *83/4 • .'*95% 7 4,900 28% :x24% 941/4 'j *66 56 281/8 . •18% *133/4 ' 56'A 681/2 85 155 » 14% pq 7 '>,■ *20 20% ' 30% 155 ; >,*31 ;31% 103 103 •> 29'/a' 25% ; , 85'/a *66 54% 3.1% 1023/4 28% *133/4 , *31 ■ 29 71/4 : *20'A 20% 12% 18% 85 313/8 543/4 102 3/4 28i/4 *24% .• , 156% j 69 31% *102% 283/8 *93% ■ 94%... 71/4 ,; 1021/4 28 *18 r 19.,.. ' 94 31% 102 28% 851/4 156% *303/4 102% , 24'/4 . 7% 28 *18 241/2 94 ; .. 7 71 100 24% 31% *102 ■ 181/4 94 -*7% *155 18 7 6 *173/4 100 Jan 16 ■ .No par 10% Jan Apr A ,10o 10 common preferred 24 58% Jan _No par preferred V, / *30% 28i/4 preferred (The) common jOppenheim Collins Otis Elevator 31% 102% 28 pfd_^_20 common Corp 31% *102 convertible convertible 28 Jan | 1 Co Omnibus 16% Jan Jan 25 Oil 79 66 page 26. 7 16 Jan see Oklahoma Gas & Elec 4% 31% Jan Jan For footnotes Ohio 100 No par 7 99 23 May Apr 43 % May 19% Mar Ohio Edison Co common 4.40% preferred 7 - 4 81 jun 15% May 33% Jan 11 6% Feb 154 73 30 93% May Apr 37% Jun ' 31 % Apr 104 ya Mar 25 23% Apr 21 *109% July Dec 47% Dec 18% 27% Jan Jun 36% July Mar 144% Nov 15% Nov Jun » 43 1 6% Dec '•♦« 34% - . 12'% 8% 4,600 12% 1,700 100 8% *66 68% -*66 68 '/2 37 37% 37 371/2 -- J 380 Volume 169 Number 4801 COMMERCIAL THE Range for Previous Range Since Jan. 1 Highest $ per share $ per share 15 Vi Mar 21% Jun 18 Feb 24 29% 36% Jan 30% Jan 3 47% Mar 50 % Feb 44% July Dec 89 Dec 104% 130 Nov 147 3% 39 Dec % Nov 21 Par 33% Feb 14 54 Jan 6 Feb 21 Jan 3 34 Feb 7 96% Mar 28 Mar 135 Jan 5 5% May 1 Apr 4% Jan 8 43% Jan 10 25 31% 31% 31% 31% 31% 31% No par 53 53 *52% 53% 53 53% 29% *29% *91 Pacific Tin Consolidated Corp Pacific Western Oil Corp 11 .4% Jan 5 Packard Jan 3 10% Apr 5 12% Feb 8 16 Jan 3 Pan-American 46 66 Oct 49 % Jan 5 59% Apr 14 100 May 97 % Mar 12 102 % Jan 8% Apr Feb 92 Oct 6% Feb 11% 18% Dec 97 Jan 18% Feb 3~4% 2 Jun 6% Feb 24 28 May 16% Apr 16 105 Jun 102% Feb Feb 51 33% Nov 30% 6 % Mar 9 Feb May 3% May Dec 24 % 20 *55% 16 Panhandle Prod & Refining 10 8 104% Jan 7 8 24% Feb 3 3 20% May 1% Feb 18 24% Jan 3 29 Jun 23% Mar 2 26% Jan May 6 % Apr 2% Feb 7% Jan 18 6% May Jan 19% Jan 10 37 Jan 27% Jan 31 30% Apr 38% Feb 49% Jun 42% Jan 3 2 17% May 9% Dec 15% Jan 15% Feb 21% Nov 27 Dec 34% May Mar 25 8 17% Feb 5 26% Mar 30 109% Oct Apr 12 16% Dec 20% July 17% Jan 4 16% Dec 22% May 15 35% 112 Dec 48 .103 Feb 120 28 Dec Jan 104 45% Jan 29 Oct 96% Feb 9 8% Feb 28 Feb 99 9 % Nov 20% May 7% NOV Oct 9% 24% Dec 98% Feb 14% 30% 104 Feb Dec Feb 59 48% Dec 55 93 Dec Dec 22 Nov 104 104% May 24% Jun 25% Jan 91 115% 4 Jan 19% Jan 7 28 Jan 45% July 25% May 2 40% Jan Sep 91 83 Apr 3 88% Feb 25 Vb Mar 39% Dec 37% Jan 4 87 Jan 97% Jun 93% Jan 3 82% Nov 88% Oct 88 Jan 11 Dec 13% Sep 87 Va Jan 92 % Aug 89 54% Jan 77% Jun Dec 14% May 6 51% Feb 10 10% Feb Apr 9 Feb Apr liy4May 90 Feb 11 4 64 Apr 19 28 11 30 Mar 30 Dec * Lowest 110 10% < per share $ per share 80'A 26 34% Jan 26 % Feb 28 Apr 103% Jan 100% Jan 5 113 Dec 15% Dec 93 Coal 6c Coke 138 Dec 157 Feb 30 July 10% 73% preferred 81 Jan 3 >■. 20 Jun 170 Dec 96 Oct 82% May 26% 161 Oct July 7% Feb 14 10% Apr 28 135 Apr 7 79 3A Apr 22 66% May 5 15% Mar 22 139 Jan 46% July 19% Mar 9% May 70% May 36% Feb 11 29% Feb 46 32 11% Dec 16% May 14% July Jan Nov 22% Nov 11% May 35% May 62% Feb 71% 18 Feb 81 Mar 32% Jan 20 Dec Jan 28% May 94 Apr 39% July 24% Jun 3 19 % 15% *35% 36'A 36 '-'A 35 35 35 35% *35% 36 104 Brewing Co 34% *100% 102% *100 102% *9 9% *9 > 10% *23% *103% 5 *11% No par 23% 1 *41% 25 40% 51'A 50 10 10% 10% 23% *11% 11% 11% 23% 23 23% 23% 24 23% 24 42 41 42 41% 42% 41% 42 V4 40% 39% 40 39% 40% 40% 40% 51% 51% 51% 51% 51 Va 51% 51% 51% 97 96 96 Va 96% 96 % 23 % 22% 23 Va 23 23% *23% 24% 24 24 Va 111% 111% *111 111% 111% *96% 97 111% 111% 99% 99% 99% 107% A 107% 107% 13% 13% 26% 25% 26% *98 107% 1 3 *96% 13 Vb >13% v * 100 *83 26% 84 *82% 41% 84 * 99 *96 Va 99 90% *90 91 *90 91 *90 *11 11% *11 *88% 89 *88 *88% 60 *10% 60 % 60 60% 60 60% 11 *9% 11 *9% 11 90% Monday Apr. 30 May 2 29 22 85 Jan 14 38 Jan 3 42% May 20% Jan 3 23 % Apr 26 53 Feb 42 Feb 2 90% Mar 17 5 13 *101% *101 110 *101 110 *100% 110 *100% Jan 3 Jan 30% Feb 25 May 108% Sep 33 July 25 % Feb 5 107 6 108 Va Jan 26 25% May 17 Apr 26 11 Jan 26% Mar 5 *82 28% Feb 21 37 Apr 30 32 % Apr 4 28% May 5 Co 14 147 *144 147 *144 147 163 *160 163 *160 163 31% *7% 11 32% 32 7% 8 155 *82 83 *67% 67% *16% 7% 11% 11 A 155 *135 82% : 145 83 27% 27% 14 % *13% 147 *144 148 *160 % 160% *160% 162 32% 32 Va 32% 32 Va 32'/a 6,400 7% 7,: *144 160% 7% A 7% 7% 7% 7% 2,300 11% 7,200 107/a 11 11 155 *147 *145 82% 67% 67% 66 % 67 *66% 67'/4 70 *16% 17% 200 *139% 143 % 50 *171/4 17% *139'/a 143% 46% 46% A 46 48 37 36% 36% *36 37 24 24 24% *24% 25'/4 10% 10% 10% 10% 10% 48 47% 48 37 *36 Va 37% 47% *36 11% 11% 11% 12 11% 12 13 13% 13 13 VB 13 VB 13% 6% 23% *22% 23% 637/b 63% .64 Va 64%' 64% 16% 16% *16% 17 16% 16% 16% 17% preferred No par 90% 90% 90% 41% 41% 41% 41% No par 21% 21% 21% 22 6% I 90 % Colorado—_20 of com_ preference com—No par *90 6 Vb ;r: (The) 22 27% 27% 36% 37 30% 30% x29% -107% 108% *107% 108% 27 27% 27% 27% 17% 17 Vb 17% *17% 18 11% 12 11% 12 70 70% A 23 conv No par 27 20% Jan 14 Quaker State Oil Refining Corp_10 *17 Radio Corp of America com—.No par 6% 6% 6% *23 23% 23% 64% 17% 91 6% 18 *90 6% 64 Va *17% 2,700 23'/a *23 >; 64% 300 2,100 12,300 64% r 3,100 17% 3,200 91 90 % 90% 100 42% 22% 100 preferred Purity Bakeries Corp *90 42 No par common 6% *23 91 41% No par Inc 3,400 36% 13 6 Vb 6c Gas 47% 36% 11% 63% 5 200 47 12% *22% 1,300 10% 11% 6% 160 24 11% 13 63% com 24 *10Vb 13% *11% 30 *82 17% 46% 145 82% 143 % 46% 11 145 C2V4 23% Inc A 82% 6% com 11 Va 150 30 % *81 17% 24 20 6,200 14 147 *139 Va *10 VB 10 500 83' 27% 17% 10% 13% 85 1397/a 24 1,400 12% 27% 139% 23% 11% *12% *13% *16% *10% 13 *83 67% 10% 11"% 12% ; 12% 14 Shares 28 110 67% 24% 10 27% 32% 11% *10% the Week share *100% 82% 146 Sales for May 6 160% 150 *24 *36 Friday S per 110 17% *16% 11 . 103% 67% *140 100 9,660 61% *102 81% *140 146 27% *144 32% 8 * 60% *9% 28% 83 *67 17% 31% 8 11% 11% *135 32% 89% 102 *100% 84% *13% 63% Pure 5% 84% 27 Va 28 102 12% 27% 84 Va *27% 12% *22% Industries div *82 A 28% 1 Pullman Oil 13% *13% 27% *160 No par Public Service Co $1.40 84% 27 Va *13% *144 No par Power *82 84% 27% 14 28% 12% "20 11% 88 % May 5 110 12% // t per share 103 12% 11% * 6,700 91 *90 V- Thursday S per share 103 *12% 10 97% PRICES *101% 12% 84 41% 11 preferred series A—50 conv cum *9% 102% 1 Procter 6c Gamble $4.75 11 27% 100 class B Pub Serv El 61 % *101% .5 Pressed Steel Car Co Inc Publicker 60% 28 % 1 16% Apr 61% 102% 12% 15,500 41% 89% May 4 28% 27% A *96% 11% *27% Pittsburgh Young 6c Ash pfd Pitts ton Co (The) 4%% " *101% 27% 120 8,900 *82% *88% 25 28 400 13 Va 27 Va 7: ;*• r *11 No par 100 common 150 106 42 Wednesday $ per share 112% 100 84 41%. 89 Va May 3 $ per share *82%, 42% 580 13% X60% Tuesday 1,700 100 11% *9% 24 rs ♦111% % LOW AND HIGH BALI Saturday 5 18 Va 8,700 A 106 91 11% 90 *11 90 $ per share . 99 11%, Pond Creek Pocahontas 24 41% 91% preferred class A 100 5%% 1st ser conv prior pfd—100 Pittsburgh & West Virginia 100 24 83 *88% STOCK 28 Va 41% *11 5 27% 83 96 140 23% 13% 28 *90 \ 13% 26% _10o No par 106% *96% 41% 51% 96% 23 100 26% No par 100 com 112% 106% 13 % 3,100 12,200 51 Va 24." *99% 13% 3,500 42% 40% 96 J/4 • 111 % 98 41% *96% A ~20 1,200 23% 23% 42 107% 13% 13% 99 41% * 26,800 11% ,40 Va , 100 25% ; 41% Plymouth Oil Co Jan *106% *96Va 5% 8% Jan 99% 107 107 5 18 66% Jan 100 *99% 84 *83 v 100 common A 23% ' 23% 104 ■A 11% 40% 51% •11 Va 11 11% *11% 100 900 9% *102% 41% 24% Plough Inc 26 12 190 104 23% 104 40% 24 Coke 6c Chem Co com—No par convertible preferred—No par 28 Mar 22 11% 300 35% v'v: *9 11% *23 104 23% 23% 100 11% 23% 42 23% 23% 111% 11% 104 11% 23% No par 4 57% Feb 11% *23 16,400 ,:V 105 *34% 104 10 -M 5,600 15% 104 % ;r 104 *9Va *103% 104 23 preferred 21 11 23% *103% 23% preferred series A Electric 10% *23 103% *103 10 *9 • 23 100 Co 10 23' 100 & 103 > 97, preferred Potomac 101% 23 19 5 36 19% 36 *35 105 *34% *96 preferred Pillsbury Mills Inc $5 104'/a 34% 100% , 103% 11% 104% 34% No par Par Pitts *9 23% - 34% 100% 10% *23 104 105% *34 No par common EXCHANGE $4 *104% 105% *34 100 Inc *104% 34% No par Co 6c 105 *35 *33% 33%c Milk Co common (Chas) 105 100 Apr Apr 108 *106 15 % 10% Apr 50% Apr 39 108 100 8,400 26%- *25% 19% Poor Nov Dec 21% Jan 24 Feb 1 *106 9% 22% i 15 Va 6 32% 17% 71% Jan 27 26% 19% 12% Mar 30 X25% Feb 7 24 108 22% 900 22% *9 9% 22 Va *25% 26% 7 15% 14 % Jan 30% May x25 Jan *9 22 7 19% 10% Feb 23 Dec Feb 88 *106 7% •• 19% 12% Apr 21 5"% Mar 23 25 101% 15% Jan 150% Feb 24 29 24 5% 7 4 8% Feb 12% 8% Jan 147 12% July Mar 26 21 10 Jan Jun Jan 35 % Jan 108 *106 *7 *17% 9% 21% *25% 22 *25% 109 *9 Va 26% 217/a 26% 7 15% 28 Feb 22% *107 6% 9% *9 9% 99 *25% 6% 15 % 144% Feb 170 1,000 19% 26 Mar 16 1,300 15% 27% 30 7% 13% 18% *13% 159% Mar 15 500 6% 15% 1 July 25 6,500 *12% 19 Pitts Consolidation Coal Co 169 *24'/a 7 13% 15% Pittsburgh Forgings Co 1 Pitts Ft Wayne 6c Chic Ry com—100 7% gtd preferred —100 Pittsburgh Plate Glass Co lo Pittsburgh Screw 6c Bolt No par Pittsburgh Steel Co com No par 1% preferred class B 100 Jan 25 6% 13% 18% 2 142 24% 7 12% 15% 7 Dec 33 14% Mar 14 25 7 12% 200 29 18% 7 Feb Jan 109 Feb Jan 145 26% Jan 25 13 28% - 15 Vb Pitts C C & St Louis RR 11 r - *18% Jan Jun Feb *107 85 10 15 4 29 *2 2% 50 16% Jan 39% Dec 100 NEW YORK 32% Jan 24 28% 2 No par RR 32 Apr 9% 21% 26% 3 155 6% 9% 21% 3 Nov 70% *9 7'/a *25% S per share 105% Apr 13 29 6% 6% 7 13% 28% 25 *24% 25 7 *12% 2 28% 28% 28% *24% 7 13% Mar Jan 140 10 Co 26% Mar 14 Jun Dec 7% Corp Cement 36% July Feb 3,900 1% • 600 23% Mar 12% 2% •r.-v 4,800 ^ Sep Jun 2 47% Phillips Jones Corp 5% preferred Phillips Petroleum Phoenix Hosiery 6 / Highest Jun , 98% 200 2 28,300 ,.46% Range Since Jan. 1 Highest v 40% STOCKS Year 1948 t per share *39% 47% Range for Previous Lowest 40% 47 4% preferred 3.60% series preferred 91% Mar 30 10 *39% 47% Philip Morris 6c Co Ltd 9 13 40 46% 3%% 43% Mar 28 100 40 46% Phila & Reading Coal & Iron Phllco Corp common 8 July 40 46% 3.8% 4.3% 7 81 20 Va *39 46% div preference com 4.4% preferred 5 13% Apr 30 22 Va *19% ' 46 $1 31 Jan 21% 21 22% 46 $6 preferred Phila Electric Co 7 101 104% ♦103 *19% *45% Weiffer 18 112% Mar 104% 22% 20 % No par preferred Fetroleum Corp of America— Mar 12 108 % Jan *103- 22% 20 V2 1,200 4%% 54% Mar 18 7 104% 21% 20% 17% Pfizer 6 *103 21% *19 28% Phelps-Dodge Corp Philadelphia Co 6% preferred 8 104% 21% 900 18 17% 19 Jan 7% *17% 28 Va 21 Apr 7% 17% 17% 14 98 7% 17% 29 51% Jan 105 7% 17% 28% 53% Jan 110% Apr 7,200 7% 17% 17% 24% Apr Jun 70 7% 7% 29 3 Jun 99 % 17% *103 2% ' 28% 7 100 800 S9 % 100 40 2 12% *99 19% 21 40 25 100 7% 104% 20% *18% 28% *99 17% 7% 18 *103 100 56% 17% May 3 39% Apr 22 x48% Mar 30 Jun 7% 21 *99 100 11,200 56% 56%. 28% 7 103% 56% 17% 7 111 57 29 12% Jan Jan 56% *6% Pet Sep 56% 13 *28% Pepsi-Cola Co 25% Feb 56% 25,800 9% 9% *12% *17% 17 4 55% 4 3% 9% 14 6% 12 23% Jan 55% 9% 17% Peoria & Eastern Ry Co Sep *13% 9% 28% 19 99 14 17% 11% Jan 23% Apr 9 % *13% 1,600 Pennsylvania Salt Mfg Co com—lo 3%% conv series A pfd 100 Peoples Drug Stores Inc 5 Peoples Gas Light & Coke .100 5 3 9% 13% 40 % 28% 5% 4 90 % Mar 24 9% 13% 10 39% 3% 3% 9% 13% ' 2,800 17% 11 Jan 4 40 « 3% 28% Feb 17 3% 4 39% 670 3% *6% Apr 41 39 3% 140 *28% Apr .10% Feb 3% 39 3% 140 *17% 12 5 4 3% 38 3% \v 140 5 24 3 Mar 11 38 3% 13 % 18 Penn Gk.;s Sand Corp com—No par 7 34% May 108 Apr 39 3% *138% 25 Penn-Dix<e 19 Feb 3% 140 No par Penn Power 6c Light Co 14/ A 12% Pennsylvania 20% Jan Nov *6% 1 103% 21% *24% 3% 9 * 2% 5 7 Jan *2 2.50 4 37 Jan *138% 40 1 Enterprises 104 21 140 7% *39% No par 6c Mar 110 8% Jan Mines Transportation Mines 19% May 17% Jan 10 3 *138% 19% 28% Penn 3 5 28% Jan 21 111 140 A Penney (J C) Co 22% May Jan 102 July May 10% Feb Consolidated 1,400 30% 18 *18% 1 29% 90 Va 30 Va 100 104% 20% 1,300 29% 90% 30 Peabody Coal Co common 5% conv prior preferred Penick & Ford 8 47% Mar 28 Mar 28 Jan 20% May 64% July 44% 20% Jan 32% Feb May 17% Jun 40% ; Mar 22 Apr Apr 86% 22 108 8 *103 1 No par Patino 4 2 Dec 100 Inc Parmelee 7 14% Jan preferred Pictures Parke Davis 6c Co Parker Rust Proof Co 22 20 12% Mar 22 27 , Park Utah 4 Jun 7% *17% Park & Tilford Inc 28 May 1 6,600 54 90% 100 No par com When issued 42% Mar 30 Jan convertible Paramount 4 16% ' 4% Inc 32 54 90% 56% 27 Panhandle East Pipe L com__No par 4% preferred 100 Cos 32 53% 30 % 9% Paraffine 1,300 32% 90% 13 % 7 53% 30 3% 9% Jan 32 53% 91 *38% 100 32% 53% 20 30% 38% 3% 32 Shares share X20 29% 3% the Week S per 21 90% 38% No par & 20% 91 3% *13% 25 Jan Car Petrol 21 30 3% 2% 19% Mar 40 Motor *20 21 *139 140 Transp—5 19% Apr 26% May Mar 23% 8 *19% gale* for May 6 S per share 91 92% *139 1 10 Pan American Airways Corp Jun 23% 20 2 Friday ' , May 5 t per share share 20 *19% Thursday May 4 May 3 S per share 20 21% 3% Feb $ per 10 13% Mar 11% May t per share Pacific Mills No par Pacific Telep & Teleg common—100 6% preferred 100 3 143 LOW AND HIGH BALK PRICES Tuesday Wednesday May 2 Pacific Gas & Electric Pacific Lighting Corp 14 3% May 3 32% Feb 25 Monday Apr. 30 (2007) Pacific Finance Corp of Calif Apr 89 Apr CHRONICLE Saturday share 29 62% May Dec 8% $ per STOCK YORK EXCHANGE Jun 6% Nov 4 I per share 55% July 29 Va NEW Lowest Highest Nov FINANCIAL STOCKS Year 1948 Lowest & 42% 42 % 42% 42% 42% 2,700 22 Vb 22% 22% 22% 22% 22% 47,600 277/b 28 Va 27% 28 Vb 27% 28 Vb 28 28 VB 28 28% 36 36% 36 36% 36 Vb 36% 36 36% 35% 36 29% 29% 30 30 VB 30% 31 31 % 30% 31% 108 108 Va 108 Va 108 % 108 % *107% 108% 400 28 28% 23% 28 Va 28% 900 18 *17 V4 108 28 *17% 18 *17% 5,400 7,000 14,100 18 300 R 7% Feb 15 Feb 24 63% Feb 14% Jan 7 75% May 11% May 69% Apr 7% Jan 22 74 Va Jan 22 6% Oct Jun 3 89 Nov 98 Va Jun 92% Jan 4 25% Dec 9% Apr 4 95% Jan 24 34% Jun 26 3 29 22% Feb x36 July May 31 Jan 35 16% Feb 27% July Jan 22% May 29 % May 19% Feb Jan 19 3 30 Va Feb 4 4 34% Feb 24 Feb 45 Apr x37% Feb 15 43 39 Jun 31% Feb 10 36 Jan Dec 10% Jan 3 101 Jan i 15% May 106 Nov 105 19 Va f h *-< Dec 8 18 May Dec 14% Jan Dec 25 % May 8% Dec 13% May Dec 66 8% Dec 99 Aug 29% 5% Mar 18% Jan 8 Nov Apr 8% Apr Jan 5% 1% 13% May 5% May 11% May For footnotes see page 26. common 4 23% Jan 25 Reed Roller Bit Co 13% Feb 18 Reeves 4 4 20 8% Jan 27 22 Apr 2 9% Jan 24 54% Feb 22 10 Apr 13 83% Feb 7% Apr 6% Feb 29 12% Jan 25 8% Jan 2 % Jan 3 3% Apr 5% Jan 4 9% May Jan 3 Bros $1.25 Reliable div Motors prior preference Corp 3%% series Inc 8% 8% *94 % 95% *94% 95% *94 95% *94 95% *26" *25% 26 70 A 12 12% 12% 12% 71 71 A;,:; 11% 12 Va 71% 71% 900 8% 8% 12,100 71 8% 8% 8% *94 *26 26 % 26% 26 26 1 , *227/8 23 VB 22% 23 VB 22% 22% 22% 22% 25 "30% 30% 30% 30% 30 Vb 30% 29Va 30 20 20%" 95% 26 . 26 22% 23 VB 29 % ,,, 29% *94 *25% . 39,000 95% 26% 200 23% 23% 29% 29% 4,200 1,200 20 k 20 2,200 50 *20 VB 20 Va 20 Va 20 20% 50 *39 41 *39 41 40 40 *38% 40 Va *38% 40% *38% 40% 50 *30% 31% *30% 31% 31% 31% *30% 32 *30% 31% *30% 31% 5 *11% 12V4 *11% *11% 12 12 *11% 12 VB nioft 110 % *noft *H0ft 110 Va *19% 19% "100 12 VB 1,900 20 12% 110 %:._.. *19% 20 *19% 19% *12 12 VB *11% 12% *11% *110 ft *19% 12 12 110% 19% 12% ' ' *110ft 110% 19% 12 20 Vb 12 *110 ft 110% *19% 19% 12 20 A 12 20 / 12 12 convertible 10 *5% 6% *5% 6% 5% -No par *19% 19% *19% 19% *19% 19% 19% 19% *8VB 8% *8% 8% '*8% 8V4 81/8 8 VB *8'/s 8% *8 VB 53% 53% 53% *52% 5 'V 100 50c _25 *52 8% *74 53 Va preferred— *52 8% 78% 1 Republic Aviation Corp.. Republic Pictures common— $1 8 50c Remington-Rand common $4.50 preferred Reo 8% .No par Inc Stores pfd *70% 8% : 20O 100 200 ' 6c Co— Reliance Mfg Co common Conv 70% 8 V4 .No par preferred preferred (Robt) 69% 5 100 Hosiery 14 77 Dec Dec Feb Real Silk 2nd 31 50% Mar 21 10% 6% 13% Apr 106 non-cum 12 8% 100 pfd. — 4% 117/B .No par common Jan Aug 15% May 78% 2 Vb Dec May 11 Va Jan 7 Rayonier Inc Reis 17% 52 Jan Radio-Keith-Orpheum Ralston Purina Co 3%% Raybestos-Manhattan 69% 1 preferred preferred Reading Co common 4% non-cum 1st preferred. Jan Feb 10 1st $2 23% Jan 36% 31 $3.50 7% 7% 1 6% 6% 50c 3% 3% 9~- 9 8% *74 10 6 531/2 8% 77 *6 *52 8% *74 53% 8% 77 *52 8% T *72 6 8% 77 *5% *19' 8% *72 6% 19% 87/8 77 *5% *19 8% *73 6 200 19% 100 8% 100 54 8% 10 6,900 77 71/4 - 7% 7% 7% 7% 7% 7% *7% 7% 1,600 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 8% 9 »/B 8% 8% 8% 8% *8% 9% *8% 3,300 21,000 1,609 7% 9 24 COMMERCIAL THE (2008) YORK NEW Range Since Jan. 1 Highest Year1948 33% Oct Feb 22% 103 Jan 111'/a July 15 Dec 21% May 82% Feb 4% Oct 8 Dec 19% 102 Nov Apr Mar 5% 104% Jan Dec 92 21 % May 27% Jan 6 Mar 93 5 5% Apr 4% Mar 23 19 Va jFeb 8 99 23 18 103% Feb Feb 25 5% Feb 7 34% Jan 3 37 Jan 11% May •• 6 Reynolds Spring Reynolds (R J) Tob- class B 25 21% *94% 13% 13% 13% .13% 94% 5% *93 y4 94 y2 *93% 93% Inc 2.50 Reynolds Metals Co .com No par 5%%. convertible preferred—.i_100 3 6% Jan 22% 97% 5% 102 Va 102 Vz no2Vz 5% 5% 35% 33% Dec 41% Jan Dec 50 Jan 42% Mar 7 45 Jan 5 —10 "43% 45 Oct 94 Jun 85 % Jan 3 90 Jan 31 Preferred 3.60% series 100 *87% 89% 103% Dec 102% Jan 4 107 Mar 25 Preferred 4:50% series ;_100 *105% 24% May 15% Jan Dec 4% Feb 19% Feb 14 Jun 24% Jan 3 38% May Jun 17% May 4% Mar 6 21 Sep 6% 16% Apr 49 28 Dec 17 17% 7% May 13 Rheem Manufacturing 4 5 % Jan 5 10'A Jan 7 Robertshaw-Fulton Controls 25 Va Jan 3 22 Feb 1 41 <3 96% Apr Richfield - Ritter 4%% 97 Apr 28 27% Apr 12 21 15% Mar 24% Nov 21 Jan 4 17 Mar 27% May 16% Apr 20 18% Feb Dec 72 39% Apr 25 55% Jan 8 8% 18% Dec SVaJan Jan 5 Va 13,100 21% 21% 2,000 103 102% 102 Vz 45 *43 Vz >43% 45 89 106 y» 105% 106 16% 16% 381/4 36% 788% 89 Vz 18 105% 16% 16% 161/2 16% 16% 38% .37% 3818 18% *17'/2 18'/a '/a 4% 4% 4'/2 8% 8% 8% 8% 8% 8% 8% 87/a 9 8% *23% 24 *37 38 24 37 36% 97% *97 *23% 36% 97% 26% 26 5/a 26% 26% 27 V *16% 171/4 171/4 17% 16% 16% 17-V -No par 41% 41% 411/4 42 V, 42% 42% 44 10% 10% 10% 2 Ruppert (Jacob) 23% May 26 Safeway Stores common I 5 5% preferred ; 100 St Joseph Lead— —10 St L-San F Ry Co com v t c__No par Preferred series A'5% vtc—100 25 St Louis Southwestern Ry 21% Jan 16% Jan 3 Jun 109% Apr 27 113% Feb 16 4 48 Mi Jan 3 Dec Sep 39% Feb 61% Jun 36 8% Feb 16% July 8 32% Feb 48% May 87 Jan 139% May 113 Jun 101 Jan 58 May . Feb 24 Apr 42% Jan 7 122 Feb 16 87 5 12% Jan 25 36% Mar 22 98 Jan 91 Jan 79 13% May Feb Feb 7 May 19 9% Jan 6 5% *10 5 : 10% 91% May 15% Aug 80% Jan Feb 10 % Mar 19 preferred-.* non-cum 5 7 * May 12% Jan 35% May 25 % May 3 30% Jan 51 May 46'A Jan 6 54 95 Jan 92 8 x96 8% 39% Mar 88 Nov Dec 93% Apr 157/a Jun 79 Oct 87: 13% Feb 26% July 87% Nov 12 . Apr 84 5 Apr : Apr 12% 87 3 14 -Jan 83 Jan 5 86' 20 Feb 7 55 Arms Corp-u— 7 10 10 Elec 4 4 19% Mar 18 Feb 59 % May 36 % Feb 7 47 V* May v 5. 8y2 Apr 39% Jan 18 Seagrave Corp Sears Roebuck —— Feb 43% Nov 34% Feb Dec 127/a July 8% May x9% Mar 8 5% Mar 1 6 Vz Jan 11% Jan Servel Inc common— Dec 14% Jun Feb 104 Jan 86 Apr 30 JUn 27 Jan 3 24% Nov 36% 30 Feb 46% Oct 17% Feb 27% 68 Feb 79 '( 9 Dec 12 Mar 28% 22% •110% 36% 36 36 '/a 4,600 10% 10 Vz 10% 10% 10% 10%- 1C% 10% 10% 10% 6,700 40'% 2,900 . •r • 40% 40% 100 - 10% . *91% *88 110% 91% 80 46% 8% Feb 5 10 11% Apr 8 Jun 31 Feb 5 7% Jan Dec 3i; 14% Feb 5 Jan 3 Mar 11 39 Va Jan 6 * Shell 21 Oil 3% $ per share Union Dec 36 May 34 Dec 44 Jan 15 Feb 32% Jun 92% Feb 18 Dec 27% Jun 3 Mar 22 27% Jan 19% Feb 11 99 Feb 14 ii 37 7 37% 10 10- 24 3 Jun Feb Jun 15 104% Jun 99 5 May J 11 Feb 15 24 7 Mar 31% Jan 24 88% Feb 3%% 17% Jan 3% Jan 3 Socony Vacuum Oil Co Inc^ 7% Jan 13 Oct 45% Aug 40 Mar 1 44 y»- Feb 60 53% Mar 3 58'A. May Oct Solvay American Coi-p 4% 16% Jan 11% Feb 24 36% Mar 44 Aug 26% Feb 26 36 42% Jan 36% Jan 7 Nov Dec 25 % Mar • 29% Jan 5 32% May 28y4Jan 3 34 62% July Feb x39% Feb 24 50% Jun 31% May July 70 50% Feb 65% Dec 73 12% Dec 20% May 7% Jun Jan 62 May May 49% Jan 8% Southern Natural Gas Co —7.50 32% -32% 40V2 40% 32'A Pacific Southern Railway common—No par preferred— ,_100 7 24 22 Dec 29% Jan 21' Feb 7 Feb 30"% Jun Mar 22 24% Feb 24 6% Jan Sparks Jan 7 Apr 25 24% Jan 7 Spear & Co common $5.5o preferred i Spencer Kellogg & Sons 29% Mar 30 Dec 14 May 3 May Jan 5 23% May 14% Feb 7 71% Apr 16% Apr 21% Aug 29% Jan 23% Feb 5 29y» May 79% Oct 100 Apr 13 28 6 —1 2 Squibb (E R) 103 % Mar 17 $4 • 32Vz *51 Vz ' ' *62% ; . • • 5 1 & Sons common preferred 11% *4% *4y4 *70V2 *21% 25Va 8Va *70 y2" *15% ; No par Squar- D Co 4 , 1 No par 1 No par —1 Sperry Corp (The)— Spiegel Inc common Conv $4.50 preferred 10 y8 Mar 31 74 Feb Jan Withington——! 7 5 15% 104 (AC*) & Bros Inc—: Spalding 72 61% Mar Dec non-cum Mobile & Ohio stock tr ctfs___100 9 7% Jan Co—i—No par Southern 7 66% Feb 64 i—— 7 Jan *29 - 14 30 28 *101 Vz No par 38 31'/2 752 ;65 ;il% ] 4% 4V2 73 (22'/2 2§Vz 8Vz *71 y2 16 28 102 *34% . 22% 3V'a 23'/e 800 600 12% 7,200 35 L v.:; 5% 500 5% "• 23% 22% 18'/2 19% *18% 21% 22 V4 ( * 19 19 21 21% 25 *85% 86 86 86 99 *971% 99 *98 99 *16 16% 16 V> *3% 13% 13% 29% 30 37% 37% 31% 31% 32 3/a 33i% 34 3334 34 39% 40% 39% 40%. 7 317a 32% 32 3/a 32"% 40'% 51% 51% : 65 *62 Vz 40V2 32% *51 51% •513% 11 *4Va 34 73 *22% 23 23 25'% 25% 261/4 26% 27 26% r 81/2 8 3/a *703/4 62 7 8% 8% 4% 100 70% 71%" 15% 15% 153/4 15% 15% 263,4 8% 28% 281/2 29 29% 29 29% 1021% *1011/2 102% 18% 18% 18% 28 3/a >101% '•) 101% 101% 70% 102% 18% 71 5,900 3,800 f 7 200 15% 1,300 29 29% *102 102% 2,800 30 *15% IO21/2 18% 800 700 23 8% 72 V 73 26% 8% 7 71 r 30 900 41/4 27%, 83/s : 1,200 43/4 *70 3/4 15% *71 ,62%; . .11% 7 23 7034 15% 13,900 7 4% 23 8 '/2 8Va 15% 12,300 , *1034 *70 '/2 "711/2 • 9,700 32 51% ' " 40 31% 51% 4% *70 22% ; 3934 , 73 73 22% *70% 7 43/4. 251/2 *21% .33%: 11 22% 73 32% 65 4% 4»/2 *4 4% *4'/s 4% " 200 • 51% 11 4%' ; 4% 4% 4% 1,700 11,800 32% 32% , 1,700 38 31% 41 40'A ; 29% 32% . 33% 51% 100 1,100 ; 34 32 3/a ' , 8% 13% *37 38 *37 11 11 11 *10% 4% 4V4 *4 *71 7 11 *62% 62% 62% 65 *62'/2 30 !31% 513/4 33% 31% « .30 30 *291/2 38 1,500 9,700 58 1334 13% V 45 29% 13 3/a 300 • . ' 4 57% .. 33,600 16'/a *4334 581/4 100 500 99% 8% 8Va 46 581/4 ','■7.7' I6V4,; 16 4 13% 13% 30 8y8 *43 % • ; 99% 16% J 571/4. • *16 4 31% *37 31'% 7 31% 32% 57 . 100 3% • 8'/4 46 *431/4 13% 293% 16 : 150 85% 98 % *99% 4'/a 8'/a 8% *13% 38 ■ 99 % 57 57 V- 85% 98% 99 16% 1,100 251/4 ■ 86 *98'/a 16% 99 Vz 7 4 46 *43i% 57 • 4 8 Va 8 Va 46 57 *37 99 % *991/8 3% 3% xl5% 16% 16 16»% 99 Vz *99'/a *24% 400 2,800 7. 16% *85% . 16% 16% lb 3/a l6J/a 7 600 193/a 22% 22 251/4 *24% 25'A 85 Vz 25 35,400 22% 1121/4 19 25 200 ; 112% 21 " 1,100 2,100 35 23'/a *20% 24% *34% 35 114'/2 *18'% ' Shares 3'/a 23% ♦3 23% 23% '35 the Week 22% 18% 85 Vz ' 3 Va Sales for May 6 *112V2 21 - 24% <• Friday S per share 23 114 20 y2 *97% 7 114 221/2 22% 113% 3 343/4 18% * 8 Va *13% 3 113% 112 *43'% 5 13% Jan 6,600 93/a 35 $ per share V share 23 22% 35 *34i'a 22 Va 22% 112 8Va 3 5% 26% 81% *12'% Thursday May 5 May 4 t per 3 22% ■ 35 43 'A 57 .57 . *37 *31% preferred 26 68 4 25 Southern California Edison-——25 6 4 , Jan Jan Nov 2223 *34Va 43 'A - Greyhound Lines 5 South Porto Rico Sugar com_No par 16 Va 99Vz 3 3 Va *3 8'/a 50 ,—50 Jan 73 *3% Co com_4.50 61 Dec 16 *99 Va . & G E 41 Aug *85% *97% 799 16 16 1 preferred 5 4 1 Southeastern 10 10% Apr 21 4'/4 Feb 25 8% May conv 24 63 19% 23 Va 35 22% 23 Va 113V4 113y4 1 preferred 5%% 18 Feb Carolina 5% 26 40 Amer Cxold & Platinum South 5 1-4 Ya Apr 39 Vi Jan 30% July 30% July Feb 95 23 *34'/a - —15 pfd—100 South 15 ' 5%s 7 5% '7 5%' Wednesday May 3 S per share Sper share 3j% *3- —15 1 100 Corona Typewriters-No par 7 Jun 7% May 2 $ per share • preferred 24 4% Apr 16 8% May 5 5% •/ Tuesday Monday Apr. 30 No par —100 17% Jan Feb 20% >5% "'5% Par, », — 100% Jan 39 Feb *5% 5% No par Smith & 52 4 12'%' Saturday — 8 • 26 35% 34% 10 8,600 3,000 9% 12'% 5% 7 29% : 3434 3,4% 4,700 29% 9'% 12% 34% 200 7% *31 26% *9% 34% * 5'% 86 • 29i% 811% 9'% 34% ' Corp preferred 4.20% {26% *81 V " 81 7 9% *12'% '•*5% Smith (A) & Sons Carpet Co corn—20 3 100% Mar 25 26% 26% *80 .- 9% 12'% 19% 17 82 1,000 29% 30 29% . 16,800 9% 7%'. •29% •31%' 30 . 300 38'% •5% *84 34% 21%, 25 86 8% 26% ' V : ' ' 1,300 3,800 ' 7% 86 12% *18% 5% Mar 26% 15 —No par - O) 30% 29% V 7% *84 ' 1,600 • ; "■ /.: 7% '9% ■ • 5% *5% ' 86 34% *20% *24% 23 26% 91/4 Vi 7% 12% ^20 23% Apr 21 Feb 26' > 91% 5% 7% ♦84 ' 73a, 3734 •V> - //• 12% 710 (A ♦5% • 10 *9Va Smith 95 % Jan Nov 29 34% —5 Sinclair Oil Corp—- Jan 7 30 29 *80 38'% 10 46 ■;/•':/ . 9% Sloss-Sheffield Steel *& Iron 3% Nov 29% 82 '37% 10 7 45% 12% 25 26 30% 30 *80"" 7% 29% 29% ;• '*7% 38 V'W-. 29% 1 < Skelly Oil Co_ ' 7% 7% ' 3,300 18 LOW AND HIGH SALE PRICES Simonds Saw & Steel Jan 8 87 471% 1 15% 51% 18 9 Va 1 Coalition Mines Simmons Co 1 * 7 7% •46% 37% 5%\-, •51% 46'%- .513 4 > "..> 330 85 *15%, 18 ...,•7 9% 77/ 9%; ♦84% 7% 87 . . 80 1,900 *84% ■»52 17% 310 13'% 13 *12% 1 2iy* Jan 84 V* Jan Feb 82 37% 9% 5% 7% 7%' 37% 371% .'T0v-» - 153/4 '51% 18 1,000 84% 16% 16'/a 51%' 45i%; ^ : 54 96 v ? 15'/a 45 7% 8 .85 17% 17% 44 7- 85 ' 12,400 *83% 13% ' : 53% 1,600 26% *94 • -84% 13'% 40 11% 26% < 96 10,900 87 , xll 7 53% 53% *94'/2 *83% - 51 15% 51 17% 43'% ; *84y2 26% 7 ♦80 7' Jun V' ■' 151/4 51- •. 17% ♦5%: 7% ♦26 ; • 43 Vz 5% 5'A 77%: vv 51 37 Va *9% 8 Feb Apr Feb 15% 18% Feb July 58% 15% 20 39% 43% 15 15 Oct 98 33% *84% Jun 90 20% 847/a 84% 35% Dec 11% 84% 84 Vz 5 Silver King 127% Jan Dec 147/8 13% 85 •84 y# STOCK YORK < i 12 36% Jan Sep 96 4% Jan 22% Feb 25' 91 Dec 13% No par EXCHANGE S per share i 31% Feb 25 80 15% 13Va 25% Feb 23 160 137/4 *86 ■ 87. 11% V-, >27 ¥7. 85 13 12% *7% s 87.« 11% '26 13%, 84% *83% 7.87V i 7% ■' 95 84 *83% 84 ,12% —Nq par 95 " 84% 84- 1 97 W • 84 7 ♦7% of American: V7 7 53'% 53% 54 53% *95 97 44 i Oil NEW Highest $ per share 7% May 25 53 Vt *43% Gas & Sheraton Corp 5 Range Since Jan. 1 Lowest Highest Dec 53 *95 95 51 ? — 7% 11 Vz *17% , 91% •25% STOCKS Year 1948 t per share 11% 25% 17% A) Pen Co—i (W Bange for Previous Lowest 11% 25y2 Steel Sheaffer 10 Apr 11% 25% 30 77 Oct 11% 25% 29% Dec 14 10% 25% 51% : 7*89 7% 85 Vz ii y» 25% 54% 20 103 *91% ■7Vz 85% 86 *85 85% - 77% 11% 307 Jun Apr 25 *85 85% 7»/4 7:7% *100 103 *89 91% 25% 29% preferred Sharon 29% Mar *85- 7% x7% 7% 40 39% 740% 390 111 •98 V :- 103 *98 < *88 I *88 " ' •... 40%- 40% 40 y4 100 7 100 - 23 22% 22% 39% 40% 7 103 *100 91% *—1 $4.50 Shamrock 20,400 23%. ,Corp_i —Np par Sharp & Dohme common No par $3.50 conv pref series Ai—No par Shattuck .(Frank G) ; No paj 101% Feb 23% 800 110*% 86 37% Jan 10 Co 200 36% 86- 3iy2 May ; Feb & 10% 22% ♦50% Seeger Refrigerator Co 28% Apr 22 22% Jan 4i 15% Jan Feb 4% 8 ll'/a Jan *101/4 • 110'% ♦17% Seiberling Rubber Co 7% Apr 30 5% 9% Dec 94 15 10%' ; 36«/2 ,-100 — 31% A9% 1,200 *10% 5 series A preferred 45% 1.75 Seaboard Oil Co of Del_ 5% 4534 110'% No par Seaboard Finance Co 35% 11 17 45% 36 _5 —1 49% Mar 16% Jan 16% '44% 36 ——..—1 Jun Jun 9% Jan 27 7100 Seaboard Air Line cdm v t c—No par 62% 3,700 17i/a 111 •7% -L—_—L_100 3.35% preferred 26'% ' 26 % 17 22% ♦88 (The) common—5 Co 261/2 26% 17 • 36% *40 V\ pfd.*—-.7.100 20 % Oct 800 110% 95 Feb 8% 100 • 22% 22. 22 110 •53 Feb Mar 97% 97% 36 Vz No par 15% 5 38% llOVa 100 5 ,«_« 44 Jan 23%' *9714 ' 36V2 NO par Scranton 1 18% Jan 231/2 *37% 800 110% $3.40 preferred • Scovill Mfg Co 3.65% 8 14% Feb 11 2,900 10% J100 Schenley Industries Jnc_— Paper Co common 13 Jan 2,900 8% 36% 22 * Scott 3 Jan 91% Mar 30 Savage 12 May '' 4% 36% 109% Co_—100 St Regis Paper Co common 1st pfd 4.40% series A 7 25% Mar - 17% 27 26% ; • 8 371/2 171/2 *4% ' 24 45 ♦10 V. 64,700 36 3,'a . 38 *97 97% *97 *26% 1 Ronson Art Metal Wks Inc_ Royal Typewriter Ruberoid Co (The) ' 16% 107% 1,100 '38 4 2 :_100 560 161/2 . *23% 37 *97 97% *97 . 24 36% 24 *23% 37 *231% • 500 105% *8% 4 41/2 300 4,300 : 90 105% *171/2 18% . 7 44% *88% 105% 38 19 4% 25 *43% 44% 89% 105% 60 ' . 6 35% 35 >87% 16% 371/4 103 *5% v 38 Vi 16% 4% 20 *102 V2 6 35% 105% % 4% : 12% Mar 12 3 7—5% ~ 3 54 preferred conv 5 % 22% 35% 35% 60 5% v *5% *87 % 100 2,100 V "9AVz 21% 5% (35 y8 4% Rojim & Haas Co common 4% preferred series A—_ Apr 20 94 Vz 5% *4% com__l 94% 35% ♦43V2 *18% 94% 5% 105% 19 /v. 35 % 89 Vz 16% 7v," 13 5% 45 38'/a *18 103 89 Va 106 3.71/4 Oil Corp_T ; Nonpar Copipany No par Roan Antelope Copper Mines i 5 35% 35 Va *43 Vz „ *16 1/2 1 : 12 36% May May Co Jan 8% Mar 25 12 July 29 % July 19% Jan 35% 21% 95% xl27/a 22 (5% 21% 5 Vz 21% *93 y» 13% 21% 7 5% 21% * 22 Va 96 13 Va *102'/2 5% 80 Dec 94 21% 43 103 3A 94 5V4 5% 23,800 21% 96 13% 13% 21% '5% Shares 94 13% 103 *102 the Week 7 share 97 *95 Va 97 May(» t per 22 Va 21% 21% 21% *94 Vz 22 5% "21 Va 1 10 Common 22 Va 97 May 5 $ per share for galea Friday Thursday * May 4 $ per share* share ■] V per 13% Rexall Drug 26 Jan 777$ $ per share *94'/2 _ 7.7 May 3 '22% Republic Steel Corp com No par 6% conv prior pfd series A—_100 Revere Copper As Brass com—No par 5V*% preferred -100 12 HIGH SALE PRICES Wednesday Tuesday May 2 $ per share .7Par 31 99 V» Jan 8 1 7 Jan 16% Jan 110 96 Apr 29 xl2% May 6 May 29% $ per share $ per share share AND LOW Monday Apr. 30 EXCHANGE 7 Monday, May 9, 1949 RECORD Saturday NEW YORK STOCK I Lowest Highest $ per $ per share STOCK CHRONICLE : STOCKS Range (or Previous Lowest FINANCIAL & 18% " 17% Nov 29% Jun 17% Apr 25 21% Jan 10 91% Jun 83% Jan 88% Jan 6 27% May 18 Va Jan 20 3 Feb 109% 3 121 97% Feb 121 Oct -Jan 4 54% Jan 73 Jun 56% Feb 11 134% May 67% Jan 36% Feb 53 Jun 36% Feb 8 98'A Jan 109 Inc Brands 17% *86 'A 26 Va com—No par Apr 21 $6 prior $7 4 prior 87 26% 42:% Mar 14 Standard Oil of California—No par '. Indiana of *1181/4 1191% 64'% 64% 40 Ya 7,40% • 40% 40% 25 69% Feb 92% Jun 65% Feb 7 74% Jan 7 Standard Oil of New 23% Nov 35 Jun 22% Feb 25 26% Jan 7 Standard Oil of Ohio common—10 89 Oct 97% Jun 97 Jan 4 11% Feb 15% 14 Feb 25 38 Feb 41% Feb 17 36% Nov 43% May 41% May 31% Feb 9 38 ys Jan 11% Mar 15% May 10% Feb 5 13 loo : Mar 10 32 % Mar 39% Jun 88 Feb 97 23% Dec 12% Feb 36% May 16% May 9% Dec 18 15 Dec 11% Jan 16% Mar Jun Jan 20 Jan preferred series A 100 Steel Spring common—_1 4% convertible preferred 50 Starrett Co (The) L S No par 7 Feb 70% Nov 120 July 17% Dec 15% May 21% Jun 187/8 Dec 26 Vi ?4% Mar V"* 43 'onf-notf* Jun July ««"> 90 Jan 52% Feb 117 Jan x9 % Feb 8 10 17 24 15% Apr 29 Xl7y4 Feb 24 36% Feb n«orp £ 14 Bros Stores Inc 3%% • preferred Stevens (J P) 5 100 15 " 5 - & Co Inc Stewart-Warner . 1 Sterling Drug Inc common 7 12% Apr 4 Sterchi 18 3 6% Feb May 27 9'/a Jan 25 11% Jan 7 Jan 14% Jan 15% Jan 24 18 Corp 17% Mar 14 16% Apr Stone & Webster *95 *25'A 12Va 21% Jan 7% Jan 94 > Feb 61 Apr 119% Apr 20 Studebaker Corp 7 Sun 18 26 Sun Oil 13 8 17% Jan 13 19% Jan 7 42 Vz May 6 (The) common preferred Co common pfd Sunray Oil Corp common 4%% ' 4Vz% Sunshine 15% 18% 6% *91 59%- No par Corp Class A 4%% 14 11% Jan Chemical $4.50 series A preferred series A preferred series B Biscuits Inc . 1 ' 1 No par No par 100 1 25 25 12.50 99 25% 12Va 11V* <11 % *16y2 16% Stokley-Van Camp Inc common—1 5% prior preferred 20 13 67% 24% 98 *97% 15 Va .15'/a *41 Vz 42 V2 *32'Vz 33 *11 ya 11%, 39% 39% Standard 39% Mar 30 100 14 10 98 % Jan Jan Feb 12% Feb Dec Jan 12 44 18 28% Feb 16% Feb Jun Nov 9% 6 Jan 18% July 6% 113 % 3 94 24% Jan 29% 91% 50 % Mar 35% Jan 26% Jan 67% 24''A ;—25 3%% ' Oct Jersey 15% 18% 7 93 Vz 59% *117% 119 • 10 Va- 10'/8 *15% 16 V* *18 18% . 41% 41 Vz 131% 67% 133 ■A '- :>/. 26% 1191% 134% 1343/4 *32'% 33 11% * 693/4 69% 77 24% 24% 24% 24% *97% 98 Vz 98 98 ,15% 15 3/a .15%. 15% 15% *411/2 43 *41% 43 43 43 15i/e 70% / - V 15 % 687/a 20,100 6,000 100 4,600 100 .33 .11% 33 *32% 34 33 100 ll'/a 11% *11 11% 11 11 600 39% 39% 39% 39% 39% 393/4 25% 251/4 121/4 12'% 12% 11% ll'/a *16% <■ 16 Va 15% 16 18% 19 18% 19% 6% 6% 93% 6% 93 *90 •• 59% *116% 10 Va 591/4 119 10% , *95 11% 111/2 16% 16% 16% i 25 : 98 -•7 25% .12% 1,700 11% 11% 2,200 *16% 16% 16 153/4 16 15% 16 19% 193/4 19% 19% 18 3/4 19% 7 7 7 7 93 *90 93 59 59 59% *117 % IO1/4 59% 119 10 3/a • *117% 10% 16% *16 183% 18 - 18% 18% 18% *18% 41% 41% 41% 41% 42 161/4 42 6% .. *90 ; 119 10% 16% - 2,900 12% 153/4 *90 4,000 ' 12 3/a 18'A 16'/4 *95 25% 121/4 *163/a - %■ *32% , r 251/4 12 3/a 41% 16% 98 25% 113/a r 16% 153/4 98 12% 11% , 39 3/a , 25% 12 'A 11% *95 • 98 *95 98 153/4 :V;v 11,300 20,500 413/a 69% 25% 15% 1,300 651/4 39% 39% 10% 41% 98J/2 25% 59% 135 x64 ll'/a • 118 *134 ' 41%' 33 *32y2 *111/8 100 241/2 *97 7/8 60 1213/4 24 %• 241/4 98% 15 .4 . *120 421/2 *41% „ 9,900 88 16,000 66% .41% , 18% 27% 26% 68% 68% .> 42'% 10 1343/4 » 66% 661/2 *41% 59% 134 1343% 42 151/4 118 121% 66 151/a 6% *120 41% 24'/a *91 1213/4 66 68 68 y4 17 88 27% 41'% *97% *16% 87% 27 65 24 y4 39% *120 18% *87 87% 273/4 40% /./- 98% *95 27% 119% *97% 24 *87 273/a 134 Va f-r • 18%" 87'% *87 87'% *116y2 119y2 *131 -,131% 64 64 y4 No par No par preferred preferred.;-^ Standard Oil 8 18 y4 87 Vz 26 V* , 26% No par Standard G & E Co $4 pref—No par preferred $3.50 28% Apr 18 86 Oct Standard 13 59 7 100 4,900 21,800 2,200 93 59% 2,800 117% II71/2 70 10% ll'/a 19,500 16% 800 16 19 18% 19% 3,000 42% 42% 42% 2,500 Volume 169 Number 4801 COMMERCIAL THE NEW Range (or Prerlona Range Since Jan. 1 \ Lowest Highest $ per share $ per share $ per 11% Mar 7% Mar 25 10% Apr 140- Mar ' 13% Dec i 19% Jun 11 31 Dec * 44'/2 JWt 31 235 < ,8y* Nov 8% Dec llVa Feb 79 Jun V share " NEW YORK STOCK - EXCHANGE ' ./ Par May2 Jan li Superior Oil of 14% Jan 12 Marl6 36 Jan 36% Jan t! 22 - 26 Jun 20% Feb 91 Aiig 82 7% May . 9% Apr 4 26 25 Swift Feb 7 ■4% Feb 24 5% Jan 10%.Feb Dec 11% May 5% Jun 14% Mar 19% May 52 67 Nov 12 Ltd—_• preferred" $4 10% 21% 21% 7 ■=■83% 1 Symington Gould Corp_—_ par 4% Jun 8 10% Mar May 2 4'A Jan xl5% Mar 1 17% Jan 3 10 Feb 49 Talcott Inc * per 9% 148% 9% 25 Va May 13% Feb 5 55% May 17% Jan 71% July 58 4 65% Mar 11 Texas Gulf Producing Co Texas Gulf Sulphur 25 17% Feb 26 23% Jan Texas Feb Nov Oct Jan Texas 7 Co_ 15% share Sales fo" the Week t per share Pacific Coal & Oil -.7 *141 9 : 8% : *142% Shares *32% 8% 9 29% ' 29 % 29% > 10% 10% 22 21% 22 83% 83% 83% . ; 4% 10%. 4% 2.000 148 300 1,900 33% 100 8% 600 29% 29 10% 4,400 4,500 21% 21% 8,9G0 *82% 83% 20 4% 4% 3,900 10% 10% *10% 10% 21% 83% 10% 9% 11% '11% 11% 33% *32% 33 29% 148 11% 11% 84 4% 54Va 54 13% 62% 20 20% 20 —1 46% 46% *40% 41% 14% 3%. 15"% 3% 15% 54% 63 19% *10% 3% 15% « 54% 14% 10% *10 3% 15% 63% 14% *63 10 , 11%. 9% 9% 21%"' 21% 10% 3 *15% 15% 53% 10 No par *10 3% *3 * 25 —— *144 *a% 9% *83% 4% .9% 33 30 .10% 21% : 33% 29% 84 4% 10% *10 Telautograph Corp—5 Tennessee Corp i_——5 15% Nov " 4% 5 5 55'A 55% , io% io% 3% 10% 3% *3 16 55% 15% 15% 55% 55% 3 54% 1,000 1,600 16 „ y 55% 13% 14 14% 14% 14% 14% 14% 63 63% 63% 63% 63% 20% 20% 21 63% 21'A 21% 20% 20% 47% 46% 47% 46% 46% 45% 46 42% *40% 42% *40% 42% 40% 40% 9% 17,700 14% 63% *40% . , 63 20% 46% , 200 3 *15% 9% 3,500 2,200 . 7,100 Texas Pacific Land Trust— 29 Feb 45% Dec 48 Vz May 65% May 20% May 24«. May s 10% Dec Xl4% Dec 5% Dec 14 % Jan 25% Dec '< 46'A Jan 12% Apr 5% Dec 15»/a May 10% May ' 34% Dec 47 Vs Jan 6% Dec 13 % 24 Jun 33% Feb 7% Oct 39% Feb 85 Feb 46 Feb 4 Jan Feb 8 Jan 3 11% Jan 7 Textron 24 15% Jan 22 6'A Jan 8 '4% Mar 21 25% Apr 12% Apr 19 29% Feb 21 35 6% Jan 37% Jan 9 84 % Apr 14 2% Feb Feb Jun 20% Feb 25 July 102% May 24 89 8 25 % Jar/ n 105 19 39% Jan 4 Dec 55 Dec 13% May Jan 10 Jan 9% Nov 22% Mar 10 Jan Nov 23% 14 % Apr 28 5% Feb 19 $3.75 102% Jan 4 15% Jan 13 17% July 25% Mar 19 Va Jan 3 7% Mar 30 23% May 35 $6 3 Dec 36% Jan 32% Jan 6 92 Jan 100% Jun 98% Jan 13 4% Jan 3 7% Mar 14 Jun Feb 11 29% Mar 14 Dec 14% 5% Feb 11 24 5% Dec 25 Jan May 6% Jan 2% 2% *24% 2% 25% *12% 5% 5% 5% 5% 36% *36 4 17% 36% *36 *26 4% 4 17% *3% 8% *8% 8% *8% 8% *37% 38% 38% 39% 38% 39% 38% 38% 87%' 87 87 87% 2% 2% *24% 22% 2% *24»A 25 22% 22% 103 16% 16% 40% 40 40% 11% 40% 11% 40 11% 40'A 11% 11% 11% 11% 11% common.... 1 : No par Co 5 No par $1.50 conv preferred——No prior preferred *102% 16% 7i 100'A 6% 26% *25% 5% 5% 27 6 5% 22,300 100% 6% *5% 3,400 100% 100'A 26% 3,400 12% 15 7% 100% 6% 1 11% 11% ,*14% 7% 7% 100 Va 50 2,400 3,800 100% 22 % *6% 12,200 40% 100% 11 *34 23 104 40Va 11% 15 7% 21% 34% x23 *102% 40% 11% 11% 22 Va 34% 100 40% 11% *14% 7% 22 Va 34% 100 % 6% 1,400 25 40% 11% 15 7% 21% 40 2% *24% 16% 12% 11 — ' 87 16% 11% 7 *99% 2% 600 1,000 16% *14% 107/a ' 200 * 16% 15 7% 100% *86 36% 16'A 11% 10% *100 104 11% 100% par 2% 2% 24% 24% 23'A 23% 102% 102% 2% 25 23'A 11% 10% No par 87 *14% 7 100% 21% 34% 100 Va 6% 25% *86 *11% 15 100% ' 4 18 40% 11% 12% *10% ' City Rap Transit com__No par 5% cmv prior preferred 50 Co *14 6% 15 *14 6% 100 18 *8% 102% / 120 1,200 4 *17% 8% 16'A * 700 600 5'A 17% 22% 5 5% 4% 103% 2 4,100 „ 15% 5%. 5% *27% 28% *12% 13 *8% 16% No par 13 5% • 5,600 200 *15 *17% 36% 22V4 22Va *103 28 V *36 *3% 17% *36 103% $4.50 Coach *86 9% 15% 5% 16% Century- Fox Film com Twin 39 9% 15% *5% 28 *12% 22Va Corp Coal *8% 39 87% *38 ' Twin 7 8% 9% 15-% 5% 27% 12% 103% Corp preferred 20th 100% Mar 23 8% May 32 % Jan 4% 18 9% 15% *5% 27% 12% 5% i__Nopar Bearing Tri-Continental Truax-Traer 4 31% *8% 9% 15% 5% 27% 13 16% Transcont'l & Western Air inc 10 11 *4 No par Axle Transue & Williams Steel 21 36% 4% 17% 8% 39 87% 2% 25% 9% 15 5% 15 5 preferred— Transamerica 9 4 6% Feb *36 *4 17% *17% NO par com 16% Feb 98% Feb 37 4% 1 13% Mar 30 10% Apr 5% *25 Roller 10% May 5% $3.50 cum preferred—-—No par Tide Water Associated Oil com—10 Timken 107% July 19% Aug Nov 5% *86 D«croit Mar 5% preferred •_ 100 Thompson-Starretfc Co com__No par Timken 12% Mar 96 Products 10 12 5% 27% 13% *36 4% Mar 31 Jan 9'A 15 5% 27% *12% 15 < 9% 9'% No par (The) Co 43 % Mar 30 4 15% Apr Thompson 8 3 10 'W' Steel 46% 41% 15% 5% 27% 13% - —50 Transit Corp Avenue 46% *49% 15% 5% 27% *12% 9 1 j prefeired conv Thompson (J R) 3% Jan 25 div Thomas 29 % Jan - ... No par common Third 11 Apr Co 6 14 16 40 $2% 13 23% May 1 Fair Thermoid 8 Jan No par preference——No par conv 9 45% Jan 5 preferred—! Mar 20 100 __&0c Ry Co„_- common Jan 7% Jan 2 •7% Feb 23 Jan The 7 Mar 23 17% May $2.40 19 2 Inc conv Thatcher Glass Mfg Co common—_5 28 2 Mar 3 $1.25 13 % Mar 16 5% Mar 38 Va May 32'% ——J Texas & Pacific 28 Jun 104% Mar ctfs Feb May Nov share 9 59 Vz 4% Sub 40 95% • 3iy4 - Apr 25 Jan 1% Mar 19% 48 10V2 19% Mar 95% 7 14% Feb Apr Apr 19 17 25 . 1—9 (James)-' 21% 4% ;*»% 10% 10% *83% 84 ,; ll'/a" *32% 30 7:,, 145 11% 9; 9 95/e 14*% »A 33% 29% 30 '*-10%, —— —1—No 11 *33 9% *9 95/s 145 11 33% 30 Sylvanla Elec Prod Inc com—No par 2' Mar 89 47 19 Friday May 0 May 5 $ per, share 4 per share 9% *•140 li'A *32% * 9% 148 11% ——25 _j international Swift 21 24% Jan 3" Jan Go— A 9% ■■'141 t % Mar 3% Thursday May 1 May 3 $ per share share *9% Superior Steel Corp [ i—50 Sutherland Paper CO— —10 Sweets C» of America (The)—4.16% 7' Jan 7 *1 8% Jap Co —10c California———25 32% Jan 7% Feb 25 28% Jap Jan - 168 Apr 22 ' 16% . Sunshine Mining ■T 9 LOW AND HIGH BALE PRICES Wednesday Tuesday Monday Apr. .30 f per (2009) RECORD Saturday - '■? 14 May- 2 139 i; Dec 4-% Mar STOCK CHRONICLE ' Dec Dec * Highest $ per share 9 28 % YORK FINANCIAL STOCKS Year 1948 Lowest h 10% 22% 34% *100 6% 25 6 11 23 Va *34% 100% 6% *25% 23% 34% 100% 6% 26% 6% 26 27 5% 11 11 23% 35 100% 6% 27 6% 6% 100 100% *10% 23% 300 11 2,000 23'A 23,800 *34%-35 *100 900 101% 6% 27 6% 1,200 6% 27% 1,500 6% 2,500 1,000 180 U 9% Dec 12 Jan 7 10% Mar 17 Dec Udylite Corp 59'A Jun 40 Jan 3 46 Jan 12 Underwood 9% Mar 16 Va Jun 1034 Feo 8 12 3/4 Apr 6 Union Asbestos 24 % May 4 31% Jan 7 Union Bag & Paper/ 77/ Union Carbide 39 27% Feb 37 Nov Va 103 39% May 43 V* Nov 8% Feb 36% Apr 26 42 Jan 110 Jun 107 Jan 6 111 Apr 4 Feb 98 Jun 94 Jan 13 94 Jan Nov 90 Jan 86 % Jan 7 92 21% Feb 25'/a Feo 11 79% Nov 38% July 96 Va July 77% Feb 25 15 51% July 48 Apr 16 51% Feb 41% 31 Mar 28 36% Jan Jun 22% Dec Lowest $ per share 30% May $ per share 22'A Feb 105% May 6 Apr 10% Jan 5 90% Mar 61% Jan 3 74 Jan 23'A Oct 19% Feb Dec 15% Jan Feb Feb 38 Vs Feb 41 Dec 25% 24% 25 Va 24% 24% 24 Va 25% 25 25% 243/4 25% 5,300 37 36% 3 TVs 36% 37 Vs 37% 38 37% ,38% 373/, 38 % 26,000 10734 107% 107% 109 107% 107 3/4 340 5 109 *91 96 *91 96 *91 96 87 *86 87% *86 87 87 87 4% 5% ' 30% 30% 303/s 30% 30% 30% 30% 31% 30% 30% 30% 30% *78% 79% 79 80 78% 79% 79% 80 80 80 "A 80% 80% 50 49% 49% 49 % 49%' 49 49 Vs 49 Vs 1,200 _No par 31% 31% 31% •32% 33'A 33% 33% 1,700 preferred- YORK - Aircraft Air Corp common.; 28 United Biscuit Co__— 7%. Jan 12 United. Board & Carton Corp 38% Jan 18 i„No par Dec 30% Feb 26 29% Jan 3 33% Mar 17 United-Carr 2% Feb 9 6 Unite Jan 41% Feb 10 3% Apr 45% Apr 7/ $3.50 convertible preferred United Corp common 3% May 2 "A Jan Feb 9 May 4 Feb 24 51 3 % 3 May 5% Jan United 2 ■1 Carbon Co Cig-Whelan No par L Fastener 10o 1 Dec 82% Apr Apr 22 65 7 16% Feb 28 % United Dyewood 7% p.v.eferred Jun 16 Apr 22 22% Jan 3 United 37% Electric Jan 46% Jun 35 Apr 7 39% Jan 20 United Engineering & Foundry 48 Feb 58 % May 48 Apr 18% Dec 23 18 Va Feb 11% Dec 21% May Jan 16% 89 Feb 32% May Feb 15% Feb 166% Nov 8 101Jun Feb 92% 24% May 29 54% Mar 24 21% Apr 12% Jan 7 24 % Apr 13 18% Feb 94 - Mar 7' 98 May 20% Co Merch & U S & Foreign 4 179 Jun 175 182 Apr 28 8% Jan 24 1st preferred-^Freight Co Gypsum Co common 7% preferred : 7 U S Industrial 14 U S Leather 21 Jan 11% Sep 21% Jan 11% Jan 3 16 7% Apr 7 Dec 19 8% Apr 18 Feb 9% May 53 % July 7'A Jan 39% Feb 8 49 Vz Jan 28 52 % Jan 12 19% May 94 82 86 Dec 37% 121 May 49% May Dec Dec 137% Jan 37% Nov 58 Vi Jun 63% 72 Apr 87% Oct 140% Jun Dec 67% Mar 129% Mar 17% Feb 37 Nov , "" 4% Mar 8% Dec 85% Dec 2% Dec 19% Jan 42% May 6% May 12% May 98% Jun 6% 36% May Jan 39% Feb 46% Apr 13 64% Jan 72 69 Jarr 78'% Jan 27 130% May 18% Jan 140% Jan 21% Apr 26 43% Feb 16 38% Jan 4% Feb 8% Jan 80 Jun Jan 21 20 Jun 15 Feb Feb 7% 42 Dec Dec 10% Jun 23 % 170 Jun May Feb . ! 3 4 17 7 ' Feb 85% Jan 25 25 5 10 4 Jan 7 8 Mar 29 17% Jan 7 5% Mar 30 22% Apr 165 Feb 9% May 30 1 5 May 43 % Jan 3 52% Apr 13 Oct 19% Feb 11 25% Apr 25 May 26% May 9% Jan 3 11% Jan 20 21% Apr 21 24 27 49% 18,900 21 Va 21% 2,200 10% 10% 10% 7,700 *22 23 Va 23% 23% 23% 23% 22% 23 23% *22% 23% *22% 22 Vs 23 >4 22% 97 conv Co Rubber S S Tobacco 7% $6 18% 18% 19 19% 19 Vs 19% *18% 193/s 1,500 4% 4% 4% 4% 4% 4% 4% 4% 1,000 4% ' 7' 800 46 90 18 17% 17% 17% 17% 17% 17% 18 18 18 4,800 153/3 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 6,200 *7% 8% *7% 8% *7% 8% *7% 8% *7% 8% *7% 8% 4433 4433 45% 45% 10 *57 19% *82' 37% *120% 121 *43% 44 non-c 72% 132% 133 20% 21 No par 25 1 2d pfd„5 preferred 43% No par *42 ; *5 *9% *78 73 % 133 132 20% 43'A *20%. *42 43 5% . *5 5%, 10 83 3% . 9%. 9% . *78 83 3% *57% 20% 20% 21% 84 82 82 *82 36% 37% 373/s 119 117% 119 V* 119% 42% 36% 36% 117 44% 44'A 44% 44% 71 Vs 71% 71 71 72% 73 71% 72 % 131 Vz 132 133% 132% 133% 21 % 42% 4234 5% 5% 20% 20% 43'A *42 5% 5Vs (9% 3 3% Vz 16 Universal Laboratories Inc 1 *4% 4% Universal Leaf Tobacco com_No par 8% preferred ! 100 Universal Pictures Co Inc com 1 22% 22% 100 50 50% *50% 166 • 9% 21 21% 43% 42 42 5% *5 5% 700 21% v 3,000 1,900 10 10 10 82 *78 82 *9% *78 10 210 600 1,900 80 ' 25 9 20% *77 82 *77 *15%. 4Vs 5JA 133 10 9% *23% 22'A 20% *42 132% 800 39,700 " 16 *163 980 73 25 . 8,300 71 *15% 9 373/4 122 Va 43% *23% 164 50 37% 120% 72 16 8% 84 71 25 *162 4,300 43 Va *3% "" 100 21% 71% *15% 4 *82 1,200 573/4 70% *23% 21% 21 43 1 3% 3734 120 *57% 45 X71% 2 common preferred 58 45 130% 71 73 Vs 73 Vs 57% 19% *17% 70% 43Vs *70 71 *69% 120% 120 57% 84 *82 37% 36% 37% 5o 84 45 19% 19% 45 58 *57% 20% *82 45 45 59 19% 84 No par .. *57% 20% 100 com 45 45 59 —100 preferred 50 19 50 4%% 181% 7 46 153/3 1 .—100 preferred— Stockyards Corp conv 181% 7 43 7'A *67/s Universal-Cyclops Steel Corp 4% 183 2.2UJ 20 10 preferred United Wall Paper Inc *181'A 100 9434 1 non-cum conv 181 Va 30 16% 94'4 lo 50 United Stores $4.20 *16 95 % 7 *17% com *98 16% 94% *46 No par common Co 99% *16 7 class A preferred United 99 *98 16% 9,100 46 4% preferred 7% 23 % 7 *18% common Steel Corp *22 % 46 4% 1st 23% 46 18% Smelting Ref & Min 7% U S Co 181 Vz 183 23% 98* 94 2,700 *22'4 46 *4y2 common non-cum *181% 24 7'A *18% Playing Card Co Plywood Corp common 3%% pfd series A U S U 48 34 21% 10% 46% No par S 8% , Mar 17 5 % Apr 28 10 Vz Mar 30 8 3% Feb Mar 4 3 Apr 22 19% Jan 156 15% May 70 24 Apr 29 2% Jan 34 Feb Mar U 26 21 Dec 4 1 Jan 16 19 88% Feb 43 22 150 U 133 49% 21% 10% *6% No par U S 8 3 May 49% 21% 10% 46% common preferred U S Pipe & Foundry 4 3 117 Lines S Chemicals Co 4Vz% 59 Vz Feb 29 Apr Partic & '25% Mar 3 49% 21 % 49 5% Jan 900 48% *46% 21 Vz Jan 600 10% 181% 9 200 16% 21'4 181 % 9 52% 37 48% 7% 28 37 10 Vs 183% Mar . 100 48 Vs *6% 16 ;? Mar 6,400 20 Vs *181'A Jan July *18 Vs 5 —100 36 58 52% 16% 37 100 Dec 37% May 52% 16% 37 92 Va Dec 52 16% *16% 4% Jan 97 97 52 36% 16% . 44 16 % 93 % 17% U *96% 52 37 16 Vs preferred *43 400 3 x36 % 16% 16% *37 92 Jan 21 51% 51% " 16% 42% 4,700 32% 3 500 95% Dec 35 % 32% 68,300 94% com 44 35 3% 95 Vz Machinery *43 300 4 Vz 95% Hoffman 3 Va 2,600 53/s 33/s *96 S 33 22% 5'A 4 Va *16 4%% 35% 3 100 22 V8 3% 20 19'A U 35% *32 Va 73 434 No par Jun 5% *71 6,700 33/s 22 *16 23 5% 12,100 4% 21% *96 22% 400 12% 4% 21% 16% 73 24 % 105% 12 Vs 3% *21% 97 *71 23% 105% 4>/4 22% 21'A 12% for Shares 3% *21 21V* 44 24% 107 12% the Week share 5 22% *21% 3 Va 24 *li!5% Sales May (» $ per 3% No par 17% May 27 *43 33 Friday May 5 3% 22% 10% Thursday $ per share 43% 10% *21 10% 21 35'A 3 S 76 Dec Securities—No par 34'A *32 Vs 3 53 16Vs 36% 48% 20% 10% 22Vz 53 *21% i—: *51 Va 5% S Dec 49 w $4.50 Dec 22% 1 Inc Certificates of interest 54% 43 Mfrs United Paramount Theatres wi_—-l^ U 4 Cos . *4% 5 48Vs 20% Coal ' 3,000 43% 3% *4 12% *5% 5% 3 44 3% 4% 48% U 17% Apr *43% 3% ■% 32% 106 32 Vs 34% 3 Vs 12 34'A *5% 34 'A V 3 106 12% 33 34 % *32% 20% 8 Jan 23 48% 20 8% 23 No par Fruit United 17% Jan Jan ; 16 104 % Jan 57 23 23 107 12 5% 36% 8 3 23 16 3 4 23 *5% 36% Feb 10 23 *36% May May 71 *15% 16 Jan *69 *51% 92 May " 5 Jun 7 71 5 113% 46 *67 44 3% *4 70% 3% *43% ■- 70 % 34 % 3Vs 1 106 100 United 7 23% Apr 18 23 % May 4 11 1 107 12% United Gas Improvement Co—13'/2 16 9% Mar 23 22% Apr 29 23% Apr 18 * May Corp common' 24 23% 12% 33 *32 com—30c Stores 23% 23 5% '341/4 * $ per share share 22% * May 4 May 3 23 *5% Corp„No par Wednesday Tuesday *106 12% 23 10 49 33 71 *68% __i 49% 32% $ per $ per share 108 100 23% Apr preferred 49% 32'.2 May 2 23 Vs *105 12% 9 4'%% 23 Vs 0 common—_10 Inc Monday $ per share 100 preferred Lines 49% 32 Va 8,000 . LOW AND HIGH SALE PRICES Saturday Apr. 30 par 49 32% • ~ STOCK ' V convertible United 60 25 com__ Car United Mar 24 88 50 Co Tank / 96 87% RR of non-cum Union *91 1,700 California Oil 16 Feb 109 96 *86 26 4% *108% *91 87 Feb 2 Va 60 107%: 107% 96 July 55 107% *85% 5% July 36 < Nov 600 *25 *91 Pacific r i 14% Mar 29 2% 12% _No par Union 26% Mar 30 7 Jun 19'A 29 9% 41% 12% . _No par $ per share 110% 27% 93/s 41% 12'A EXCHANGE Nov 6% 9% .41% 12'A 107% & NEW NOV 19 9% 41% 12 Vs series Highest 9% Nov 9% 41% 12 Vs series— Union 5: 103% 57% 9 Vs 41% 12 Vs $3.50 Range Since Jan. 1 Highest - 93/s 41V2 *11% STOCKS Year 1948 S per share 9% 41% 12 Vs $3.70 Range for Previous Lowest 9% 41% *11% Preferred 21 Sep 9% 41% 12 Vs Co Preferred .31% Apr •55>: Jan Rubber 36% Mar 31. 31% & Carbon—"_ _No par 13 80 45% 9% 41% 12 _No par Corp Un El Co of Mo pfd $4.50 ser_ _No par Oct 91 89 % Jan P% 41% 5 1 _No par (The) 4'/s 4% 21% 21% 166 *163 -24% *10% 22% 3% 25 21% 164 21% 164 9% 9% 51 % 50% 243g 10% 3% *23% *15% ,16 4 Va 4% 9'A 9 50% ; 52% 52% 3% 3% *23 Va 25 *15% ,.16 4% 4% 3% 3% *24 2,800 25 *15% 16 4% 22 Vs 5 2,900 22 V8 *21% 22 Vs 164% 164% 9% 934 9% 52 % 52'4 52 3 4 630 24% 24% 24% 10% 22% 10% *22% 10% 23 2 200 2,000 52 *164 167 1,500 20 93s 9,300 V 14% Feb 273A 9% Dec 15 Vz 21% Feb For footnotes see page 26. Jan Vanadium Corp of America—No par Van Norman Co 2.50 Van Raalte Co Inc :_10 *10% 10% 23% 10% *21% 2?3'4 *21% 24% 24% 23 . 243s 10% 24% 10'A 22% 22 24% 10% 22 24% 10% 22% 500 COMMERCIAL THE (2010) 26 YORK NEW f per share 15% May 85% 94 Dec 86 85 % Jan 91 2 1 26 11% Jan 3%% Feb 14 19 Jan Mar 28 32% Jan 3 33% Apr 4 31 preferred 12 38% May 29 29% Nov 34% May 30% Jan Dec 39 % Apr 25% Jan 32% Jan 23% Mar 5 30% Apr 32% Jan 30 Mar 15 32 66 Jan 48 May 60% Jan 28 Wabash 15% Jan 12% Feb 26 14% Apr < Waldorf System 35% Jun 26 y4 Mar 14 25% Dec 29 ' Apr ' 9 30 Apr 26 ..•* *86 *86 *36% 37Jm-/ 87% 87% *86 88 86% 86% *85% 87% 34% 34% 35% *17 *86 17% 7% 7% 92% 90 % *29% 5 20 *28 17% 17% ,17% 20 *31% 33- *48 50 *13% 14 30 * 30% 30% 28 % 30% < '33% 2,400 I'f 500 30% *30 8,200 17% 114% 115 *18 30% 17% 114% 20 20 19 *18 19 30% *30' 30% 1,000 30% *30% 30% 30% 30% *29% 30% 500 28% , 30% 30% *32% 30% 19 "30 *30% 28 % *28 *114% 114 *18 18% 18% 30% 31% ,28% 30%, < 220 1 92 *90 500 . ; • 114 115 *114 19 , V 7% r7 17%V;17% 30% 30% *30% *93 % 90% 7 80 36 % 95% 36% 7% *88% 17% 115 *18% 87% 7% 7/8 *114 18% *86 95% *94 93 93 87% 92% 17% 115 • 87% 7% 91 *18% 700 87% *86 *88% 7% *114 ' .36' 36 '94% *93 93% 93% 1,500 22% 10% 22 Va 90% , 25 25 6% preferred Visking Corp (The) Vulcan Detinnlng Co common 7% preferred :J 6 Mar 10% 22 7% 90% 10 100 25 10% 22 90% *7% lOo Va Iron Coal & Coke 4% 10% .17% No par • 10% 21% *86 : 95 com 24% 28% Dec 35 *92 100 — partic preferred div Virginia Elec & Pwr Co com $5 preferred pfd Virginian Ry Co common 5 17% May 20 6% *34% " 5 10% 22 Shares 10% 10 22 *85% 34% 87% '88 *85% share $ per S per share Sper share share 10% 21% 87% 22 *86 100 f per for the Week May (» May 5 22 22 Sales v',~: Friday : Thursday "■I:! May 4 May 3 share *10 10 Va *21% Pacific Ry com_100 preferred non-cum Va-Carolina Chemical 21 118 10 ___2.50 Co_. Victor Chemical Works common 21 Jan 118 3 29 14% Jan 3 Jun 23 15% Dec 4 113% Apr Jun 117% Jan 5% 96% Mar 16 7 Ma y 15% Jan 18% May 14% Nov Jan 7 90% May Feb 90 11 Chemical Vicks Shreve & 10 38% Jan 5 33% Feb 124% July Feb 109 Jun Vick J per S per share Par . Vertientes-Camaguey Sugar Co__6% 1 Feb 89 5 Jun 96% Apr 14% July 7% Mar 93 85% Mar May •• .> .. Apr. 30 6 22 % Apr 3 Jan 48% Oct 85 20 Jan share 13% Jan 16 Feb .10 95 Feb 32% Dec $ per $ per share 1 per share 12% July 19% Dec 29% LOW AND HIGH SAJ* PRICES Wednesday Tuesday Monday May 2 Saturday " EXCHANGE Highest Lowest Highest STOCK YORK NEW Range Since Jan. 1 Year 1948 Lowest RECORD STOCK STOCKS Range for Previous Monday, May 9, 1949 CHRONICLE FINANCIAL & 28% 28% *28% 28% *28% 28% 400 30 30 30 30 *29 30 *32 34 *32 34 *32 34 30% *32 34 70 W 57% Aug 12% Dec Dec 28 100 % Apr 90 V Jun • 34% May , Jan 27% Aug 23% Feb Deo 20% May ,12% Feb Dec 22 Sep 30% Dec 13 Jan Sep *80 Nov - 86% 13% 24 Jun 113% Feb Wayne Pump Co 25 5% Mar 30 Class 2 110% Jan 13 6% ' i v.f 13 J/4 13 J/4 16% *16 3/4 16% 113/4 12% 43/4 4% 4% *20 % 20% 82% - 18% 110% 110% 109% 116 117 117 117 109 110% 1103/4 109% 109 Oct 103% Feb 107 Apr 18 112% Jan 24 West Penn Power pfd—^100 110% 111% 105 Apr 25 108% Jan 26 103% 106 51% Jun Feb 5% Nov Dec 46% May Feb 29 5 Feb 22 Mar 23 74% July 54% Apr 15 Dec 26 May 14% Mar Jun 27% May 33 y4 Jun 22% Apr x91%May 39% 29% Nov 23% Dec 85% Feb 95% Apr 91% Feb 101% Jun 98% Feb 25 Dec 40% Jun 9 1 59 7 7 Jan Western Union Teleg class A_No par Westinghouse Air Brake Westinghouse Electric com 3%% pfd series A 3.80% Weston 1 27 11 Apr pfd series B Elec Instrument 20 11% Jan 12 7% Jan 8 56% Jan 13 10% Feb 25 12% Mar 10 7 25 14% Jan 14 125 Dec *138 28 Apr 2 13% Jan Jan 11% Apr 17 79 5 18% May 131 % Mar 18 4 10 24% May 4 34% Jan 44% Jan 3 47% Jan 21 12% Feb 7 15% Mar 30 24 66 Apr 6 Feb x59% Feb May 64% Jan 72 % Apr 7 96% July 68 4 Feb 25 79 Jan 10 July 66 Feb 74 Apr 9 9% Jan 7 69 v 9 8% Feb 25 $4 8 Mar 11% Jun 22 Dec 34% Jan 20% Feb 26 Jan 20 10% Feb 16% May 9% Apr 5 12% Jan 7 37 Dec 48 May 32% Apr 29 39% Jan 65% Prior 19% 23% 23% Co— Worthington Pump & 28% 27% 28 23 % 22% 23% 93% 93% 93% 93 % 93% 93 93% x91 % 92% 92 92 270 *99% 100 % 100% 100% ♦99% 100% 100% *99 % 100 200 823/4 82% 82% 823/4 83 26% 26% *26 26% *26% 26% 26 15% 15 15% 15 15% 15 15% 15% 153/4 15% 23% 23% 55 7; 23% 23y2 *54 31% *30 15 23% 23% <*54 55 55 82% *30% ♦30 31% *9% 9% 9% 22% 24% 22 % 23 Va 54% *53% 543/4 *30 543/4 31% -*53% 31% *30 31% 5 4% 5 45 45 44% •45 45'% 46 11'% 11 J/4 11% ll'/4 11% 11% 11% 11% *76% 77'A *76'% 77Va *76'% 771/a *76'% 771/a *76'% *11% 11% 18% 18 J/B *11 J/8 18'/4 25% 45% 18% 18% 18 J/4 , 132 *129 f , 45.J/4 25% 251/4 24% 251/a 25 25% 451/4 45'% 45% 46 3/8 46% 46% 15% 14% 15 15 64 *63 64 *63 64 62'% *68'% 71 *68'% 71 *681/4 71 *73'% 76 *73'% 76 *73 74% *73% 76 *70 71'% 7 9 15 V: *83/4 9 9'% V 71 71 *21 21% 21% 21% 9% 9% 9% 21% 9'/4 *17% 63% 64% 63 3A Jan 28 Jan 6 Youngstown Steel Door No pax 12% 12% ►12% Jan 7 Zenith 27% 15 Zonite No par 1 27% 4% Jan 3% 3% tin receivership, sales on this day. Radio Corp a Corp Deferred delivery. cName charged from *8% 323/4 *•17% 66 J/4 123/4 a 3,300 64% 64% 13 12% 12% 12% 12 J/4 *12 J/4 27% 27% 273/a 27% 27% 28% 28 Ye 3% 3% 3% 3% 3% 64% 12% 12% 29 28% 100 ; . 6,800 ; 1,400 283/4 *3% . 65%,/ 4 64 % w; • 2,300 4 4,200 wd When distributed, x Ex-dividend. Transactions at the New York Stock Exchange Transactions at the New York Curb Exchange Daily, Weekly and Yearly Daily, Weekly and Yearly ' ,: •'. '••• ' ' ■ Stocks "'/•'■ Shares Week Ended May 6,1949 Tuesday Bond Bonds Bonds Bonds Bonds $639,000 $161,000 744,300 1.819,000 331.000 2,136,0G0 574,000 919,120 2.322,000 340,000 778,500 2,323,000 291,400 4,767,322 $12,182,000 $2,070,900 •? Friday Total 5,000 Stocks—No. of shares _ . 1948 __ 101,924,722 £0,907.515 $282,500 S344.500 660.000 2.695,000 37.214,350 33,323.880 12,182.000 $13,000 45.090 1,818,000 20,146,000 Total 814,267,900 $22,022,000 Si5.COO 2,070.900 Foreign Railroad & Industrial — . 61,000 17,000 219,000 119,000 49,000 6,000 174,000 98,000 44.000 7,000 149,000 96,000 26,000 17,000 139,000 $607,000 $291,000 $50,000 $948,000 Week Ended May 6 1949 Stocks—No. of shares :. 1948 Jan. 1 to May 6 1949 1948 1,104,992 ' 1,574,8.45 19,850,860 24,656,957 $607,000 $900,000 $13,281,000 $20,658 000 291.000 50,000 476.000 4,137,000 3,370,000 36,000 660,000 854,000 $18,278,000 $24,882,000 Bonds Government Bank 141,000 269,842 1948 Bonds S. International — Total 134,000 Jan. 1 to May 6 1949 7,300,690 4.767,322 — ——— $83,000 1,000 1,104,992 Thursday — $2,000 65.000 200,725 Wednesday $46,000 118,000 240,005 Tuesday $14,267,900 Total $35,000 164,550 Monday Friday $15,000 Week Ended May 6 1949 __ 3.522,000 2,614.400 373,500 2,943,000 Corporate 70,675 Saturday 2.602 000 1 828.832 Government 159,105 2,160.000 . Domestic Shares) 6,1949 Foreign Foreign of Week Ended May 2.509 500 $10,000 Bonds (Par Value) (Number Sales $800,000 • 1,182,390 _ Wednesday Thursday Stocks Total Government Bank Foreign 314,180 Saturday Monday United States Int'l Railroad Number of and Miscel. U. 700 - - 18'/4 *17% . 600 9% 33% *32 . : 21% 93% 18 J/4 653/4 9% *21 21% 40 1,500 72 71 J/4 9 a 4 50 75'% 9% 65 City Ice & Fuel, r Cash sale, s Special sales, *73 9s/o 4 940 71 323/4 66 1,800 *69'% 18%- *32 18% Products 21% 9% 32% 33 32 8% 21% / 21% 9% 9% 15 65 . 71 71 71 9'% 11,100 66 15 15'A 64 2,800 46% 73 a 73 71'A *9 9 9% 63'% *69 9 70 3A 72'/a 71 ♦21% 50 15 J/B 63 70 148/a 25'% 46% 15,J/a 10,300 18% 132 45'% *63 69% 113/8 18'% *129 25 % *15, 4,500 77 *11 18% 132 1,300 113/8 11% *76'% 117/B 18% 12,000 46 *45'% 77 *129 132 5 11'% •11% 18% 18% 5'/a 1,600 9% 5 46 *45'/4 11% *11% *129 93/4, 251/4 *25 25'% 45% 11% *11% 11% 132 *129 132 *129 . 1 Corp common 4%% preferred 5i/e 5 J/8 4% 9% 9% 9% 9% 9% 451/4 4% 7,300 24% 11% 5 3,600 23% 45 5 400 15% *30 31% 9% 9% 110 83 26% / *53% ... * .25 Mfg Co. Towne 41 82% *26% • 41% 40% 82% 27 Va 2,700 40% 40% 27 82% 100 107 / 82% 41% 82% i York 41 41% 40% *104 21,400 24% *23% 24% 108 *104 108 *99% 100 24% 25 *24% *104 108 *104 , 41% ':7;4I;V'V' 41 *54 100% 25 *24% 25 108 *104 *26% Machinery common —i—No pars Prior pfd 4%% series 100 Prior pfd 4% % conv series—100 Wright Aeronautical No pax Wrigley (Wm) Jr (Del) No par Wyandotte Worsted Co 5 & *24% 25 108 v: Yale 7,000 27% x22% 93% -10 (F W) 5,300 28 — Woolworth 15% 15% 23% *24 Willys-Overland Motors com——1 $4.50 conv pfd series A—No pax Wilson & Co Inc common No par $4.25 preferred No par Wilson-Jones Co 10 Wisconsin El Pwr Co com _10 6% preferred 100 Woodward Iron Co —10 800 59 *56 15% 27% *17% 3% Feb no 2,900 27% 22% *31 25% Feb ♦Bid and asked prices; 1,600 11% 27% 18% July 35 3 6% 35% 22% 33 6% May Dec * Co 2,200 6% 11% 7 27% »17% 14& Feb 3% Oil 600 35% v 15% 15% (20 22% *104 1 No par 20 8 15% 15% - 27% *31% 74, Oct 105'% f 1,500 22% 18 12y4 May 89% *104'% a 410 • 27% 33 *19% May Dec 37% 22% *17% Mar 30 Dec 13% 14% 373% 22% ♦31 20 Oct 14% 27% Young (L A) Spring & Wire_NoPar Youngstown Sheet & Tube—No pax 17% Apr 29 62% Apr 21 24 15% Feb preference preference Wilcox 18 24 Machine com Sewing 15% 15% 230 22% 12.50 conv 15% 15% 60 27% No par 12% 100 100 Wheeling 5 7' 15 90 101% 59 *56 59 50 i - 105 23% 23% 24 23% *56 P0- 111 110 28 *25% 28% - *25% 23% Preferred 6% 7 22,800 • 117 T, 7 7 7 *56 30% Apr 11 Jun Jan *104 106 *23% 104% Apr Jan 60% Mar *103% 59 11 18 58 373/4 37 »/2 37% 37 J/2 106 24 26% Jan 19 94 •103% ; 1,500 , .,101% 104% *37 J/8 37% 106 *56% No par 100 Pacific RR com series A Western 26 88% Jan Nov 104 J/2 103 7/a *23% 28 Dec *62 37% % 105 J/2 *37 Va 120 , 109 14% 373/4 59 97% Jan Dec 81% 14% 37% 24% 101% Jan Dec 58% Dec 143/4 27% 4% Feb 26 ■'* 1013/4 14% *57 44% Apr 26 25% May *101 >/4 14% *23% 27 14% Dec 1013/4 14% *26 4% 8 Jan 24 34% Jan 12% 13% 1013/4 14% *26 % 28% Feb \ 1013/4 14% 27% 19% Oct 101% 14% *26 31% Nov Jun 1013/4 14% 27% White 37% 101 % 2,200 : • *103'% 1013/4 *101 J/4 110 109 • 105 *25% 20 2 2 19% 11% 16% Mar 30 49% *103% 35% 55 Feb 111% 110% 105 11% 25% Apr 41% Nov 111 1,600 800 19% 116'A • . 35% 5 Jan 110% ■ 19'% •110 ft 12 13% Jan 128 111% 105 813% v.; .ft 36% 53 y4 Jan Jan 109 6% 12 73 117 11% 26 69 110 *108% 35% 48% Jan 10% Nov *109% *116J/a 109 '%• *103 J/2 *110% *103 J/2 V 105 110 J/4. 116 J/2 116 J/2 *108% 6% 27% Apr 12 May 65% May 17% May *1093/4 109 3/a , 11% 18% Jan Mar - 117 \ 800 100 ; A . , 20% 19% 19% , < ' t </V4 %-:Vv 20'% *81% ■ 19% , 35% July 6% Mar 51 110% a, 109 , .19% a-; 19% 11% 15 Feb 110% ' - 35 89 % Jan 8 19%,": 11% 23% Mar Jun 19 34% Feb 27% 19% - 6"% 22 Ye July 126 Aug 19% 19J/a 11% 24% May Dec 9% Feb 193/4 34% Feb 13% 81%» 117 110»/a 12'% 4% 207/a 81% 6% 5 ' *53 *43/8 20 J/4 82 .s'/.V 11% Jan 27% Feb 23 4% 20'% r 1,100 , 16% 4% *4% 3,100 ; , 13%, i *12'A ; 82 19J/2 e *L3 *16'% • <12%; 500 . 23% *23% ; : 20% • / 18% 19 J/2 r -12% . 140 55,400 ■ . 23- 163/4 ••16% ; 1,300 1 , . •123% : 23 163/4- 34% 82 % May 92 , ; 13.'/4 91 12 '/a 13% ,163/4 6% 39% Apr 22 57% Oct Mar 4% 20% 82 12 J/4 12 v, . 11% Jan Mar 83 13 J/4 : . 16% v *16% .- •23% 13% 133/a .< • 2,200 90 J/4 ;•■•■ 17 34% 68% Jan 26 17 Mar 30 22 i , "v *23 %• ._1 Lines Inc. Supply Co Maryland Ry com non-cum 2nd pfd & Lake Erie Ry 100 Wheeling Steel Corp com No par $5 conv prior pref No par White Dental Mfg (The SS) 20 White Motor Co„k 1 37 r 10 100 100 7 Mar 30 102 July 115 Jan >• 17 Air 30 7 23% Feb 80 ; Auto 29% Apr 22 Dec 23 J/2 24 *23 J/2 ' •" 23 J/2- Western 25 38% July 36% May 58% 23 16% -.17 Western 12% Jan 25% Nov ' 12 J/2 4,800 , 8 « 13 J/4 903/4 12 J/4 Western 24 22% Mar ' 8 .13'%' 90% - , 12% 11 8% Feb 16% July 7% Mar 25 20 *103 J/2 12 4%. 50 l-Jr: 23'% 23% A 8% 41% Mar 12 24 34% Apr 24 7% Apr 5 4.20% Apr 21 17% Jan Mar 25 36 104% May 10% May 34% 41% Jan 108% Jan 4 Jun 110% 38% Feb 100% preferred series B 100 4.10% preferred series C 100 West Virginia Coal & Coke 5 West Va Pulp & Paper com No par 4%% preferred 100 102 % 2 23 J/2; .13% 13 Va90 - v' 22% 16% 13%,: .,*81 109: Jun 13% Mar 8'/a »12 'A 16% 20% 18% 183/4 Jun 101% May -V 20 J/4 82 J/4 19% 111% Oct 23 J/2 8 '/a 90 ? V 233/4 <*13% *163/4 43/4 20>/e ;<.;v :V 12 18 3/4 107 22% 1 12 19% 100 100 ; 500 900 ft/ft 104 *102'% A , ,27% 2 7'A v ; 104- " 113 4%% 23% 13J/a " 23 ,*16% 23% 133/e l 1 . 8'/a 12% • *22 J/2 - v 24 23% 24 Oct 16% Apr '• No par A 27 *102 J/2 • 22% 13% 91 *90 11% 16% *233/4 105 % Nov 8 23 *22 • No par . 104 •14 *13'% • - ' 8% ■ 13% :. *13% 103% Mar 100% " 16% *82 No par preferred preferred 1% ' '•113/4 82 ./ .19% Corp West Penn Elec Co com 6 May / 23 •16% 12 Va com—2.50 $4 conv preferred West Indies Sugar 8% a.- 91 11% *16% 5 1 5 Inc Wesson OH & Snowdrift 24 21 19% May 117 25 * Tobacco Webster 7 110% Mar 12 108% Mar 22 Jun Mills——~—- Wayne Knitting 15% Jan 27% Jan 3 114 119% Foundry & Pipe.——No par Petroleum Corp —3 Washington Gas Light Co__-No par Waukesha Motor Co S 11 Jan 8% 13 Va 13 J/8 :'f 11 3/4 11% *16% Jan / 91 92 *22 " ■ 8 J/4 265/a 263/a 104 V; 22% ; 22%, '22% 22 J/2 13% 2 7 J/4.- 200 48 48 49 13% s ' a- - Warren 14 / 13% 13% Pictures Bros 22% 263/4 *48 •13% 133/a 104 *102 J/2 48 '48 . 14 ,,<*26 J/2 104 ,5 .;. *102 J/2 49% *13% 263/4 26% v 8% *91% -5 Warren 84 % Jan <104% Mar 1 ulOO a _ 1 23% Jan *113% Apr BakiEg Go common preferred 5%% •- 8% ,.*47% 50 „ *13% .14-: < 104 ' —No par *48 - 26% . 22% „Nopar 7 9 14% Jan 19% July Feb Feb 19 G & W_ Co Warner 24 80% Mar Jan 26% May 19% Mar Ward 17% Mar 15 Mar 28 20 34% Aug 100 preferred 4 25 10 11% Apr 21. 3% Jan- 3 6% May 3% Dec 26% *102% 25% Feb T6%Feb 26 -No par Co common Walworth 3 _10O 22% Jan 7 16% preferred No par Walker (Hiram) 7 12% May 23 12% 8 15% Jan 21 / 20% 4% 21 94% Feb 15% Apr ,t.7 22 Jan 32 Nov Jan 9% Jan 14 28 3 Apr 25 9% Jan 14 I- May *19% Nov Feb RR 4%% Walgreen 8 23% Jan 105 25 13% Apr 28 16% July 101 *% Nov 22 7% Feb 13% May 8% Feb 10% Mar *83% Mar .< 21% Feb 27% May 9 29% Jan Feb 24 102 Aug 105 *18% Mar 4 243 356.300 $402,993,780 Foreign Foreign 366,625,400 $281,513,150 * Domestic Total government corporate , U. $948,000 $1,412,000. Number 4801 169 Volume THE COMMERCIAL Bond Record NOTICE—Prices , "and are ^ shown in are The italic letters in the column headed "Interest Period" . GOVERNMENT Year 1848 105 J Range Since Jan. 1 Lowest Highest Sep 105,28 Mar Sep i 108.28 May . NEW Highest' 102.22 the each deferred in week the case (2011) which Exchange No the week's taken of is account such unless range, sales in they the are computing the 82d of point, a 108.13 Jan 26 "Treasury Feb . Treasury Treasury Treasury Treasury 110.23 Mar 11 "Treasury _ Monday r Apr. 30<- High Low * Tuesday / May 3 Low High - May 5! Low • - transactions of for the year. -> » ' Saturday STOCK only range bonds mature. more or disregarded in are they occur. when the one 27 YEARLY - delivery sales month ' BONDS.,.* YORK EXCHANGE1 Treasury Treasury , 108.13 Jan 26 110.23 Mar 11 Dec in and * v ' 101.18 CHRONICLE LOW AND HIGH SALE PRICES Range for Previous 107.4 indicate in Figures after decimal point represent ...... .Lowest. Cash iootnote a WEEKLY - interest"—except for income and defaulted bonds. week, and when outside of the regular weekly range FINANCIAL New York Stock «» FRIDAY the & ;High Wednesday May 4 Low • * Thursday '> May 5 Low High High 346s 1949-1952 101,12 101.16 *101,12 101,16 *101.12 101.14 *101.12 101.14 3s 1951-1955 *104.19 104.21 *104.18 104.20 *104.18 104.20 ♦104.18 104.20 2%* 2%s 1955-1960 *109 109.3 *108.31 109.2 *108.29 109 *108.27 108.30 1951-1954 *103.19 103.21 *103.18 103.20 2%a 1956-1959 *109.30 110. V *199.29 2%a 2 Vis 2%* -1958-1963 *110.20 110.23 *110.20 1960-1965 *111.17 111.20 1949-1953 *101 101.2 * Friday. -- - - - Sales for the Week May H Low - High • - Bends <t> ' *101.12 101.14 *101.11 101.13 ♦104.17 104.19 *104.17 104.19 *108.24 , 108.28 *108.23 108.27 • ♦103.18 103.20 *103.17 103.19 ♦103.17 103.19 109.30 *109.26 109.29 *109.22 109.26 •109.23 109.27 110.21 *110.17 110.20 *110.14 110.18 *110.15 111.16 *111.10 111.13 *111.8 111.12 •1119 111.13 101.2 *101 101.2 *101 101.2 ♦100.31 101.1 *103.18 103.20 110 *109.27 110.23 *110.18 *111.14 111.17 *111.13 *101 101.2 *101-. 11,0.19 ' 102.23 Sep 102.23 Sep 101.7 Sep 101.11 101.19 Jun 101.19 Jun 100.24 Mar 100.25 Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Jan 14 Feb 3 104.9 102.1 Mar li 102.31 Jan 104.9 102.1 Feb 14 3 Mar 11 100.23 Jan 100.26 Apr 100.23 Sep 100.24 Sep 101.12 Feb 9 101.12 Feb 9 100ll6 Sep 101.12 Jdn 101.7 7 101.7 Feb 7 100.7 100.27 6 101.2 Mar 22 16 101.1 Oct 102.26 May 100.7 Oct Feb 100.18 Jan May 102.26 May 100.23 Jun 101 Feb Feb 21 2 Vis 2 Vis 2%» Treasury Treasury Treasury Treasury Jan 102.31 Jan 1950-1952 *102.2 1952-1954 2 Vis *102.2 105.4 —.1962-1967 *102.14 ttt .1963-1968 f\d *102 " . 102.4 *102.2 *102.27 102.29 *102.27 102.29 *102.27 *105.2 102.29 *105.2 ' 2 Vis 102.4 *102.27 1956-1958 105.4 *105.1 *105 n 102.18 102.17 *102.1'6 1U2.18 *102.io 102.3 *102.1 102.3 *102 102.2 *101.20 101.22 *101.20 101.22 *101.19 101.21 101.20 *101.18 101.20 *101.18 101.20 *101.17 101.19 *101.17 101.19 *101.17 101.19 *101.17 101.19 *101.16 101.18 101.16 *101.14 101.16 *101.14 101.16 *101.14 101.16 *101.13 101.15 100.29 *100.27 100.29 *100.28 100.30 *100.28 100.30 *100.27 100.29 103.12 *103.8 103.10 *103.7 103.9 *103.5 103.7 *103.6 103.8 "*100.27 *100.28 100.30 *100.27 100.29 2 Vis Dec 1964-1969 *101.17 101.19 *101.18 101.20 *101.18 2 Vis 1965-1970 *101.18 101.18 *101.17 101.19 2 Vis 1966-1971 *101.13 101.15 *101. 14 2Vis Jun 1967-1972 *100.27 100.29 *103.10 103.12 *100.27 105.1 *102.15 *101.20 Dec 1967-1972 102.28 *104.31 *102.1 *102 101.22 ' t 100.29 *100.27 100.29 100.29 *100.28 100.30 Treasury 2Vis 1951-1953 *103.2 103.4 *103.1 103.3 *103.1 103.3 *103.1 103.3 *103. 7 Treasury 2 Vis 1952-1955 *102,8 102.10 *102.8 102.10 *102.8 102.10 *102.8 102.10 *102.7 Treasury 2 Vis 1954-1956 *105.12 105.15 *105.11 105.14 *105.11 105.14 *105.10 105.13 103.2 *103 103.2 *102.6 102.8 *105.9 "105.13 *105.9. 105.13 103.16 102.9 5 101.14 Sep 102.13 July 102.30 Feb 9 102.30 Feb 100 Mar 100.4 May 100.13 Jan 2o 100.19 Feb 7 100 Mar 100.2 Feb 100.17 Feb 9 100.21 Feb 16 100.21 Oct Sep Dec 101.26 May 100.31 Sep 100.30 Sep 101.18 July 101.19 July Oct 100.16 9 100.21 Feb 9 101.8 Jan 26 101.8 Jan 26 / 101.18 Feb 9 101.18 Feb v 9 Apr *103.13 103.15 *103.12 103.14 *103.13 103.15 *103.13 103.15 *103.14 *100.27 100.29 *100.28 100.30 *100.28 100.30 *100.28 100.30 *100.28 100.30 *100.27 *100.27 100.29 *100.28 100.30 *100.28 100.30 *100.28 100.30 *100.28 100.30 *100.27 *100.3 100.4 *100.3 100.4 *100.3 100.4 *100.3 100.4 *100.3 100.4 *100.3 1949-1951 98.30 May 98.24 Jan 10 94.14 99.30 99.11 Jan 5 May •Bid and asked price. 99.28 Mar 24 100.24 No sales transacted May 100.29 100.4 Sep 1949-1951 Dec 1949-1951 *100.9 100.10 *100.9 100.10 *100.9 100.10 *100.9 100.10 *100.9 ldo.io ♦100.9 100.10 *100.17 100.18 *100.17 100.18 *100.17 100.18 *100.17 100.18" *100.17 100.18 *100.17 100.18 Mar 1950-1952 *100.22 100.23 *100.22 100.23 *100.22 100.23 *100.22 100.23 *100.22 100.23 *100.21 100.22 < *100.31 101 *100.31 101 *100.31 101 *100.31 101 *100.31 101 *100.30 100.31 *101.12 101.13 *101.12 101.13 *101.12 101.13 *101.12 101.13 *101.11 101.12 *101.11 101.12 , *101.14 101.16 *101.14 101.16 *101-14 101.16 *101.14 101.16 *101.14 101.16 *101.14 101.16 Sep 1950-1952 1951-1953 1951-1955 Jun 1952-1954 101.19 *101.18 101.19 *101.18 101.19 *101.18 101.19 *101.17 101.18 *101.17 101.23 *101.22 101.23 *101.22 101.23 *101.22 101.23 *101.21 101.22 *101.21 101.22 *103.22 103.25 *103.21 103.24 *103.21 103.24 *103.19 103.22 *103.18 103.22 *103.18 103.22 1950 *100.12 100.13 *100.12 100.13 *100.12 100.13 *100.12 100.13 *100.12 1G0.13 *100.12 •M ;FSv 101.18 *101.22 1953-1955 Bank *101.18 Dec 1952-1954 , 100.13 for 10-year 2 Vis 25-year 3s 4 this day. 1957 *99.21 1972 tCalled for redemption June *100.21 15 at par. RANGE Friday BONDS Interest New York Stock Period Exchange Last Sale Price Week's Range or Friday's Low Odd lot WEEK 99.21 99.21 *99.25 99.29 *99.27 100 100.21 100.21 *100.21 100.28 100.24 100.24 99.25 101 transaction, ENDED MAY Registered r 1980 J-D 106 *99.28 100 15,000 101 *100.27 101 10,000 6 High Jan.1 Low No. BONDS Range Since Sold Last Period Sale Price Exchange 106 ,'fi 107 ft 104 Vi 68 or High ' 107%- 3 Vis Series 3Vis Series No. .•wie" 1 - Range Since Jatif.i Sold High No. 65 Low 63% High 59 % V 62 ' . ' wJ*D ■ 17 J-D >- 18 3Vis Series No. > No. '; *62 *62 ' Bonds Friday's Bid &, Asked Low J-D / a. Week's Range Interest New York Stock • 3%6 Series No. 16— & 100 bond transaction. 3Vis Series No. 15 Corporate Stock *99.30 *100.28 Friday Bonds . Bid & Asked City FOR a Transit Unification Issue— 3% 100.29 , Reconstruction & Development 94.10 Jan New York ,*103.13 103.15 Jun Treasury 2s Treasury 2s Treasury 2s Treasury 2s Treasury 2s Treasury 2s Treasury 1 Vis International Jan 1956-1959 Jun 1959-1962 -Dec 1959-1962 ■ 101.13 Mar 101.7 100.7 Treasury 2 Vis Treasury 2 Vis Treasury 2Vis ^Treasury 2s Treasury 2s Treasury 2s Treasury 2s Oct 100.21 100.21 Feb 100.31 9 102.3 *102.26 105.2 102.2 102.3 *101.20 Sep 1967-1972 *102.1 102.3 102.28 102.?6 102.17 *102.15 *102.1 2Vis 2Vis * *105 *103.10 '• 101.21 102.2 *102.1 102.29 *100.27 ' • *101.19 . 102.3 7 105.2 101.22 102.16, >102.15 102.17 1 AO Jun 1964-1969 2 Vis *102.1 102.4 .JQ5.3 19 "i - t, j. . 60 :.j - 61% ' ' *62 J-D 58 *62 .7 64 61% 56 6.1% " - J-D 62 J-D *62 65 ? J-D *62 64 ■ r i j -| 3Vis Series No. 21 3Vis Series No. 22 . 3%s Series No. 23 Foreign Securities 3Vis Series No. mr-,JI 25 ,i Telephone Teletype ' T-' ,.-.1.rr1_— f ,..:T„-,rn 63 *62 *62 , J-D , *62 ~ 2-2300 120 Broadway, New York NY Brisbane (City), s-f 5s_,— Sinking fund gold 5s 1-1693 1958 F-A Sinking fund gold 6s. REctor 1950 J-D 102 1960 A-O 103 % 1961 J-J 1954 J-J Canada (Dominion of) M-S 4s 25-year 3 Vis Foreign Govt. & Municipal Agricultural Mtge Bank ACarlsbad AGtd sink fund 1947 (King of Norway) 4s lAAntioquia (Dept) coll 7s A f J-j J-J D 1945 j-j series 41 41 1957 A-0 41 41 14 AExternul sec AExternai sec series C 7s f 7s s series 1st f 7s f 7s s 20 ; 1945 f 7s series B f s 92'A 1945 s s s '62 92 __ J-j 5 A External §AExternal Af-S *61 2d series__1957 3rd series__1957 (City) Australia (Commonw'lth) 5s of '25.1955 external 5s 1958 '".■j 1956 j-d 37% 41'A 9 373A 41'A 40% 1 373/a 41 3 37 41 31 Vi 41 31 Va 39 % 37 'A 41'A *40 45'A 41'A 98% 101% F-a 1957 3'As 2 41'A 41 A-0 10-year 41'A 41 J-D 10-year 3'As 92'A 40% A-0 j-j 62 7' 41'A . Antwerp 8i 99 10 95 101% 101'A 102 94 99% 103'A 93'A 93% 95'A 93% 6 94% 40 . 77; 90 97% 7 89 95% 20-year 3'As 1967 J-D 20-year 3%s 91% 1966 J-D 85'A 92% 15-year 3 Vis 92'A 93'A 25 1962 85 F-A 93% 91% 92% 21 84'A 93% Belgium external External s f s f 1949 7s j-j 1955 • M-S 1955 6s External 6'As J-D lABrazil (u S of) external 8s 1941 Stamped pursuant to Plan A (Int reduced to 3.5%) -1978 AExternal s f 6'As of 1926 j-d A-O 1957 A-0 1979 100% 101 10 100% 102% 102 'A 106 106 14 102'A 112 119 — 119 68'A — 52 __ J-D — 1957 — A-O 1979 A-O (Int reduced to 3.375% ) (Central Ry) 1952 J-D Stamped pursuant to Plan A (Int reduced to 3.5%) 1978 J-D External $ bonds of 3Vis Series No. 1944 (Plan B) ■"■"' — *51'A 53'A *47'A A-0 3 ;77-7/' . 119 71'A 45'A 54 72 46 — J-D e65 e65 e65 J-D 65 65 65 3Vis Series No. 3 J-D e65 3Vis Series No. 4 j-d 65 J-D 65 3Vis Series No. 5 7 J-D 33As Series No. 8 64'A e65 ,■ 4 2 6 A6s AExtl A 6s f Jan 1961 — A 6s assented Extl s AChile Mortgage Bank 6'As 1963 M-N J-D _ A 6s V AGuaranteed sink fund 6s AChllean A7b assented Cons assented Munic _ 1961 A-O A-O 1960 M-S 60'A — ... — 35% . 275A 54% 61 28Vi 35% 37% ' 26 29% |i 34 37% : 26% 35% 29 37% j 3 26 29% ; 35% 25% 37 !' 5 27% 17 27% 7 v . 27% 27% 2 I' 2 6 Vi 1 27% 117 53% 53'A 63 .—1951 , J-D 64'A 65 10 57Vi 65 60 65 1 58'A FOREIGN J-D *67 9 62'A *67 10 58'A 66'A J-D 67 67 60'A 67 64 58'A 61 Vi 33As Series No. 11 J-D *62 3 Vis Series No. 12 j-d 63 J-D *62 j-d *62 3Vis Series No. 13 3Vis Series No. For footnotes 14.» see page .. 31. _ 63 58 63 59 63'A 62'A 55'A 62'A ; 29 36 37 27% *35 V , • ■ — —' 36% 26% 27% *27 Va 6% 29 34 37% 26% 29 36% 35% 5 • 30 3 26 3 '1 *35 ■ __ 77> 27% 36 | 1 ,V- 27% " 27 % 27% 203/8 29 35% 37% 26% 29 • „ — Institution« SECURITIES PABl MARKS & P.O. tea 50 Broad St., 37% 26 FIRM TRADING MARKETS Telephone HAnover 2-0050 29% 35% 66 J-D 3Vis Series No. 29 25 1 FOREIGN SECURITIES SPECIALISTS 3 Vis Series No. 26 y8 7 64'A *67 36% 36 •5% Financial 35% 27% 65 59 64 For 36% 29 36 65% 57'A 5s ' 29 35 Va 26% __ 26Vi 71 46'A (Hukuang Ry) 37 26 Vi 7 71'A 43 AChinese ■{, 104% 107% *35 27% M-S 1960 _ •' '7. M-N -■ . 102% 102% 27 .v — 27% Af-N 1962 101 104V4 26 27% ' ; 60% 16 *35 — -61% $6iy4 60% 16 v [J ' J-D 1962 7s_____ — — ' 1961 assented 15 26% j-D -1961 AQuaranteed sink fund 6s_. .. 27% j-D 1961 _ ' . j-d —1957 26% ... !: 62 98%r 101% 99 Vi 101% • *35 .• " - A6%s assented 26 Vi M-N 1957 A6%s assented • 102 V8 *35 M-S A-O 1993 ASinking fund 6%s 27 ' A-O 1963 J bonds 2-3s 'r — —, . 1962 .... i *35 1962 assented f $ 27% — M-S fund 6s__ AExternal sinking fund 6s A 6s J-J — Sep 1961 .Sep 1961 sinking fund 6s_ AExternal sinking A6s assented J-J 60 Vi 58 — *33 ''J. J'.V- . 63 60% 59 .t *35 F-A Jan 1961 6s__ 63 % *35 27 % 55% 60Vi 63%-.: *54 27% j: ■i. 63% 56% .62 ./"' : 102 % 103% — 55% 60 106% 107 27% F-A Feb 1961 s assented AExtl A-O — 61% 57 ♦100% 101% 102 A-O Feb 1961 A6s assented ARy external i M-N 1960 sinking fund 6s M-N 1960 assented «" ■ r.— 1942 2 100'A, 100% v ' 1942 f 7s s _ 63 55 — 1 8s External assented AExternal sinking fund 6s__ A6s 60'A 42'A 15 50'A 33As Series No. 2 3 Vis Series No. 17 67 115 62 'V 49'A "-v"— 37 51'A 67 — 5% funding bonds of 1931 due__1951 Stamped pursuant to Plan A (Int reduced to 3.375%) 1979 — 49'A — Stamped pursuant to Plan A 2 52'A , 51 73 69'A ■' (Int reduced to 3.375% ) AExternal s f 6'As of 1927 2 ■ Stamped pursuant to Plan A A78 92% (City) (Rep) 5 A7s *61 1945 5 AExternal AExternal a-o 1968 Akershus f-A 1948 6s 7s lAChile (Colombia)— 5AGtd sink fund 6s 10 ~ 63% *62 — — J-D —- 63 % & ' ' *62 J-D Tn- 3Vis Series No. 29_... 60 '7 -i: 62 58% 1 ;:,V - *62 , J-D ' 62 *62% —— J-D . „„r, 63 J-D J-D -TT U, 3Vis Series. No. 30 Members New York Stock Exchange — — J11 63% J-D ,'-rl.;TirTTTT— 3Vis Series No. 28 r J-D I1U.— „ 3Vis Series No. 26 3Vis Series No. 27 Wertheim &. Co. ... •77 24 33As Series No. ' - , - 3Vis Series No. 20 New York 4, N. Y. Teletype NY 1-971 5% 7Vi . ;. 28 (2012) ■ v » COMMERCIAL THE YORK NEW RANGE Friday BONDS Interest New York Stock Exchange 1. Period Colombia (Republic of)— • 1 A 6s Of 1926 A 6s of 1927 / , __Oct 1961 ♦ Jan 1961 3s external f s bonds $ or 8 A Colombia Mtge Bank 6%s 8 A Sinking fund 7s of 1926 25-year gold F-A +*'2, 'j' __1952 j-d 7914 6%) to 1960 extl 1955 4%s 1962 extl $ s s $ 113% 52 63 32 81% , 10 74% *__ *102'/8 F-A i960 A-O i960 M-N 1977 J-J extl f s extl 5s f s l-3s Credit Consortium 46 64% 1977 (Kingdom of) 10% i; 75 v 9% V 18 52% 11% 101'/a __ 14 102 % 60 G 11 10% 9% 514 29 60 7: 35% , 33% 35% 3014 100 '4 . 32'4 100% 39% 18 40 32 % *47% V: J-J 1952 32 Va J-D 1957 __ 37 40% 16'4 37 4 27% 50 14 50 55 84 32% 51% 28 Va J-D A4%s 10% 1 7. 2 3714 100 101% 101% M-N • *4'/8 1899 due New 1945 I_I"IIIIIII_™ (assented 11V4 8'4 11 6% 4'4 G'/a 8% - 7% J-J 25 - 9'4 £ <sr t * J-J 1952 J-J 50 M-S 10% 10% 48 Va SO- ( .• ASec external f s 6'/2s M-S 1959 M-S (Int reduced to 2.125%)__:2008 lt_ Norway 4s sink 3'/2s (Kingdom) *__•: 1966 J-D sink fund fund extl 3% 1957 __ M-S 1965 A-O loan 38 27% __ sec ref 3'/2s 25% 96 97 27'/a 96 5 3 96% 97 18 94% 96% 32 94% 96 V* 93 Stamped pursuant (Int APeru reduced (Rep of) to to Nat loan extl ANat loan extl s f 6s 96% 14 80% 92 92 14 80 debentures 94 1 83 94 A-O M-N' J-D 95% M-S __ 92% 92% 9 81% 94% s SAPoland (Rep of) f 6s §AStabihzation A4'/2s A J-D 20% A-O 20% 1958 f 7s 85 88 - 25 Va 110 82 88 103 35 A-O 2 7'4 20'4 21 20'/a 21 20 % 21 A-O *12% 1947 A-O 40 dobs conv 2.375%) 96 27 94 % 96% 90'4 90% 29 88'4 92 101% 102 % 482 101% J-D 101% A-O _*—1973 J-D 94 & Santa 107 108% 533 103% 103 '4 103% ,26 2.3 3 '79% 81% 79% *__ 103 Va 110% 78 103% 104 125% 103 >4 105% 107% 1C8 103 Va 103% 102% 104% 79% 87% V86 M-S 1964 42 122% 92 126% 114% 11414 1 109 115% 103% 103% r M-N 4s—July 1952 General unified 4%s A— § A Atlantic & Danville Ry 1st SiASecond mortgage 4s 125% 125% M-N Ry— ___—.1963 cons 107 A-O —July 1 I995 Line mortgage 3%s 1st 97'4 775 Fe— 4s Coast 94% 104% A-O __1995 Topeka 94 3 104 '4 Q-J 1966 92 10 % 104 % , J-D July 1995 1st gold 4s 97 103% 103 Va 104% A-O P W Products Co 5s 94% 96% -94% 95 % 103 % A-O 1969 2 103% 104 % 31 102 Va 103% 103 J-D 4s__ 1948 101% 105% 22 99% 103% 66 99% 100% J-J 1948 J-J 1966 j-j Refining 2%s debs 1st mtge 4s ser A 1st 47% 45% 1 40% 6 99% 100% 100% 56% 40% 56 17 * Ref 1% & 37 99 % 57% 44 % 10114 3% 5Vo mtge *12% *13 J-D 12'4 12'4 j-d 5o1 5514 5.) * a 54 fixed •J M-3 55 55 55% 36 54 % 62% M-S 55% 55'4 55% 20 54% G3 62 62 % 41 62 73 43 % 44% 163 43 % 52% CO 79'% 19 77% 85% 64% 65 % 31 64% 74% % Ref & gen mtge 6% Series (2%% fixed contingent interest) J — ,1, due Dec 1 1995 J-D income,2 conv ____Feb 1 2010 May 4314 Pgh Lake Erie & West Va—• Ref 4s series (3%% Toledo A____ 1st 5% mtge fxd & 1%% M-N 1980 ser A J-J cont int)__1980 — Cincinnati division 1st lien' As J-J 74% . 1/ Con ref 4s stamped Beech Bell 4s—^ .: : 3%s___1951 _i-' ■' ■ ■ 70% 78 1 85% 95 87'%. Extension Indus 1st &; Maine RR— 94 17 % 21 % 1st -17'4 21% mtge 4%s ser Bklyn Union El 1st gold 5s : 1950 Bklyn Union Gas 4s deb.entures___1969 F-A 15 9% 19 27% 29 Bush 30 27% 29% Bush A-O *35 Terminal 1st Consolidated 4%s 4s,_- 10 3s 101 99 V2 98 Va 101% 83% 59 % 35% 1 35 Va 103 Va 104 '/a 100% 101% 102 M-N 97% 101% % 20 90% 96% 99% 17 98% 99% 54% — 15 96 99% 96% M-N 55% 26 54% 61% 102 A-O J-J 102 93% 17 93 % 1 !101 A-O _„1976 87 101 '/a 96% •• J-J —I960 50% . *101 '/a M-S 1955 gtd _ 78% 34 104'/a 1041a ___1952 Bldgs 5s 52 *31 1957 5s Terminal 80 F-A mtge 2%s~ L'. ,__1976 Buffalo Niagara El 1st mtge 2%s__1975 Buffalo Rochester & Pgh Ry— 31 97% 101 85 1954 Gen *27 97% - 101 78% 50% "5% *24% 96'/2 104 90 d50% 79 M-N July 1970 A-O modified 13 87 *83% J-J ___1960 A— 1968 Stamped 4-1—'' ' *101'/a A-O JJ________1961 14'4 J-J 102% 23 9914 *83 M-N ___1955 series 9914 101% 101% __ M-S _1967 II_ (Ernesto) Co 7s Bristol-Myers Co 3s Debs J-J 94% — 15 98% M-N J-J ABieda 2001 121% v mtge 4s series RR 139 7'/2s 1966 stinp pursuant to Plan A (Int reduced to 2.25%) 2006 8 A Rio de Janeiro (City of) 8s 1946 — *98% J-J .,,1970 ___1976 ___1979 • 4%s AInc £6% 103% 104 — 100 120 15 Steel Corp— Cons mtge 2%s ser I Cons mtge 2%s ser J__ Cons mtge 3s ser K^ ____, Boston *95% F-A ____1964 95 100 120% 121 M-N Loan 2%s debs___1961 f debentures,,. s 86 % 9 *100 A-O Creek mtge 14 8 87 74 : A-O Telephone of Pa 5s series C__1960 series 40 75 % 87 % J-J D_ ser 87 J-J _____1951 M 4s 1985 1951 ref Bangor .& Aroostook RR— series AC 6% 63 If due Mar 1 2000 due Mar 1 1996 5s 39 54% ■ K mtge 10 95% M__ mtge 5s *33 83 84% Series 1st 9% 80% 13 Series 1st 35 12 y4 88% interest)— G 21 13% J-J J-J 83% 8614 (2% contingent Series 30% 6% A-O 82% 88% fixed contingent int) __July 1975 gen and 83% A-O (4% B ser A-O due Dec 1 1995 5% mtge and ,_J.uijl975 17% 13% 1961 Alegre (City of) 8s Stamped pursuant to Plan A 95% 90'4 i__——1959 w 25% 8 1950 A Porto 95% J-D :1—: 8 *15 gold 8s A-O J-J J-D 42 *12 1953 to 89 103 — 25% 3—1968 fund 92 1987 1st M-S 1961 A4%s assented (Int reduced 102 *31 M-S 1940 assented External sink M-S i960 2d ser s 102 *1021,3 1959 gold 6s loan 88 2008 assented 84 67 debentures—1957 debentures Bethlehem 102 Plan A ser 19 94% 1982 — debentures 93% 94 1967 1st 92 80'/a 88 ,1961 debentures 98 J-D 1994 7s 82% ~ 1986 debentures conv 314s 2.125%) external A M-S 84'4 1975 Stamped 4s___ Atlanta & Charlotte Air 96 88 83 % , A-O 1947 99 % 75 80 94 conv 30 96 1963 7s 101% 98% 87 deductions—: 38 25% — F-A 1955 series B (State of) 100'4 94% debentures Beneficial Ext 3 F-A 2%s 2%s 30 37 2 Panama SAPernambuco 2030 1980 38 1970 (Republic)— AStamped assented 5s Stamp mod 3%s ext to 107 Va Telegraph Co— 2%s 54'4 1957 f 5s s (City) sink fund 4% s deb 5s__ Pow Telephone & debentures^ 11% 26% ,.1963 ; extl *31% 26% M-N 1956 4>/4s f external— s Municipal Bank Oslo Foreign 57 104% 104% 10 98% & 9% 104% 78% 98% 2%s 14 1 101'4 101'4 M-S S'western div 4I/2s (Kingdom of) External 36'4 ' __ "82 U 5% 51% 106% 106% A-O A4%s 27 >4 M-S Netherlands *104 106% A-O U% 8% 5 ~ Stamped pursuant to Plan A __ 51% 51% 18 companies 1956 9'4 35 *31 ; 2.125%)___2008 industrial Allls-Chalmers U~ *10% A-O Stamped pursuant to Plan A to 6 Albany &, Susquehanna RR 4%s__ 1975 Alleghany & Western 1st gtd 4s__1998 and 3%% 1958 and A-O American 34% 26 8%« B 10% reduced 12 M-N Minas Geraes (Int *10 >i F-A F-A 196? 8 7% lO 4% * J-J (1942 agree) __1963 (State)— external s f 6'/2s 75 ___ ASmall A Sec 89% 70 1972 Amer 88 81% 77 Va 1952 debs__ 87 79 88%" 1958 debs— 86'4 83% *87 3'/4s (ass'td AMilan (City of) 6'/2s__ 81 Baltimore & Ohio RR— ; 1922 agreement)-2_____"___1933 ASmall 39 *75% 3%s 8'4 __ 4% 4% i___: § ATreasury 6s of 1913 15 85% 5'4 6% 8 88 J-J . _ 85 88 A-O 1952 — 7s 3s 130 F-A 7 *4% J-J (1942 agree)—1963 ass'td 11 a7'4 •; Asihair J-D 1945 ass'td % 84% 1st Atlantic agreement) ASmall 9 to agreement) .—1954 A4s new ass'td (1942 agree)_1968 §A4s of 1910 (assented to New 11 11 *9 *313 , 1922 A6s 9 ,10% 85 Southern Atlantic J-J 130 84 Va 1958 Airlines 15% 11 92 J-J ,—1984 7s 135 85 Great 1st *8 :A4s of 1904 A4s New 15% 6 90% M-N J-D 1978 readjustment——1978 Mfg 2s 11 % 9 % M-N ___1979 Power General "3-. agreeL-1953 (1942 *130 ,,1979 mtge 11 5% 104 — assented Atchison 15% 58 *126 F-A Alabama 3%s QJ 62% *121 readjustment— AAdriatic Electric Co 11% 9% M-N Alabama 3s _"3 . 5% 91% M-N extl conv_—— external 43 9% __1960 conversion—. (City) 11 91% 91% j-j railroad 4% Q-J 59 38 20% *14 —_1964 readjustment extl 9% J-D AVenetian Provinces 7s Ann Arbor I ass'td M-N J-D Amer Tobacco Co deb 3s_'____r__—1962 *5 ; ALarge ASmall extl AWarsaw A ASmall i 3%s __ 1968 ALarge to of 1937) 4-4 '4 -4 %s 102 _ J-j agree)—1968 ASmall ' §A5s Assented to 1922 agree—1945 1922 bond External 41% ALarge A5s 6s 3%-4%-4-^s 11% 41% (Republic of)— of 6s_ fund 2%s 1943 (1942 ASmall §A5s fund sink 2%s A-O '1 agree—1943 small ANew assented Mexico sink ($ 11% 1962 7s assented—, 3%-4-4%s L- 41% 66 i • 55 58 9% 11 1958 extl 55 M-N 1958 extl__ sec of) 3%s 1922 to B AExternal GO 10% —— • 48 15 — ,.—,—1962 AExternal Irrigation— assented (Kingdom) 2%s i -' A-O 1954 55 30'4 47 J-J 1951 7s . 59 *68% A-O 2012 external (Prov American 1977 7s 16% 26 91 - — 58 53% j-J _ui.-1968 2%) to 12% 10% 60 53 3 *100% ( High i County Council 3%s —1957 SAUruguay (Republic) extl 8s_—_1946 61 % 46 49% 9 9% M-3 Metropolitan Water Sewerage & Drainage Board 5'/2s —1950 s series A4 %s 77 56 ■ J-J 1947 A Jugoslavia (State Mtge Bk) AMedellin (Colombia) 6'/2s A- A 7s 83 Va for to 3%__ Public Utility— Ciedit Institute 1% to 3% A External 7s Si A 4 % secured ASilesia 90'4 83 '/2 89 8 2'/8 *60 M-S J-J 2004 2.25%) loan reduced a&s A4%s 1968 (Republic) to Serbs Croats & Slovenes 94 94 *40 M-S paid Mexican 104% 58% 93% 39 83% j-j —1949 Italian , "■ __1967 part Public Works 1% §A7s series B_ - 15% (Int 79 12% *50 94 M-N Irish Free State . 63% 53 57% 1964 Altaly 43 15% 76 Helsingfors (City) ext 6%s , 78 Va 15 J-J paid Italian 77.% j-j part Italian 31 19 dollar External (Republic of) 7s Republic extl 7s Government— A 6s 68% 7*9% J-J Estonia A 7s 47 •78 % Jan.1 Low Stamped pursuant to Plan A 47 41% Jan 1, 1976 Jan 1, 1976 $ Greek 41 % 1 Jan 1, 1976 f f French 42% "l 47 reduced A6s extl (Republic of)— f s extl 42 % 47 *106% 110 A-O 3'/as extl . — F-A gold 3s A — 15%' j-j 5Vis Salvador 44 47 Range Since Sold No. High — .—,.,1956 loan water (Int - • A-O 1942 6s gold 4s 35% (continued 1 (State) extl Bonds Bid & Asked Stamped pursuant to Plan A Sydney External El 78 Va 147 * *a7s 78% 47 j.& External , 70 70 Range Fridays or Sale Price Low San Paulo vy / 1 (int reduced extended 20-year 44 Period Exchange High 1 *41 m-N 1977 ; ■ M-N __1951 Rica (Rep of) 7s (Republic of) 4%s extl Czechoslovakia (State)— to 42 M-N ACosta Stamped assented 42:^, A-O 1953 Low . ■ 1947 Cuba § A Denmark 78 % 1947 4%s - ■! 78% 78% 1946 §ASinking fund 7s of 1927 Copenhagen (City) 5s No. 78% Week's Last Interest BONDS New York Stock Jan. 1 Sold ;. A-O RECORD BOND WEEK ENDED MAY « Range Since Bonds High J-J Monday, May 9, 1949 Friday Friday's Bid & Asked A-O :__1970 FOR CHRONICLE FINANCIAL Week's Range Last Sale Price Low S & 100% 91% 105 102 99 105% Stamped pursuant to Plan A (Int reduced AExternal to 2.375%) (Int 2001 A-O *27% 31 27 32 1953 F-A *36 % 45 33% 38% 2012 F-A 25% 26 24% 29'/a 6'/2s sec Stamped pursuant to Plan reduced to A 25% do Sul (State of)— §A8s extl loan of 1921 (Int reduced external to loan 45 45 gold 34% 29 33% Guaranteed gold 5s 35 38 Guaranteed gold 4%s Guaranteed gold 4%s 24% 24% 28% A-O J-D 2012 J-D 1966 M-N *35 1926 24% to *32 (Int A Rome Afiao reduced (City of) Paulo to 2.25%) 6'/2s (City) 2004 J-D *28 27 __ 28% A (Int reduced 2004 J-D A-O 1952 to 2.375%) s *28 25% 49'4 48 Va"" 51 54 % Celanese 53 M-N 28 53 Celotex M-N *40 46 M-n 54 54 (Int redrced Paulo to 2%) (State) A8s reduced to M-N 1936 2.5% J-J (Int reduced to see 2.5%) page 31. 102 100% 102%: 99% 37 97% 114% 114% 7 113% 115% A-O - - 106 6 106 107% F-A 107'/a 10714 1 107V8 108% 99 --J-D 1955 ._,,_T951 104% 113% 113% 3 112% 113% 112% 112% 5 112% 113% 1 105% 106% 98% 101% 51 93% 10114 108'/a 108 % __ M-S - , 106 105 % 105% 113 Va F-A __,__1956 __ 43 44 1999 J-J 5 Corp 3s J-J 57% 2 J-J 2 107% 108% 60 TJ_1960 mtge 4s ser A Gen mtge 4%s ser A 66 Gen mtge 4%s ser B Illinois Light 21 41 60 _ _ Jan 12020 Jan 1 2020 3%s 1966 JACentral of N J gen gold 5s A 5s A 4s 1948 1995 , 44 66 A-O ; - > — 103 59% -59% -10314 101 % 101% 101% *75 J-D 62 59 1 80 60 102% 103% 100 12 *101 • F-A < - ' OF-A v *56 „ 101% 101% 101% , " — — 59 67 % Georgia Ry— 33% 66 *61 57 (1947 issue) §ACent Branch U P 1st gold 4s Central 57% J-D ,1965 40% 41 M-S 1965 L1960 54 registered AGeneral 1999 L debs debs 98 Ry—• ^_J1981 55% *60 57% Adirondack Corp 314s of J-J stock (perpetual),_ 46 Stamped pursuant to Plan A For footnotes S3 J-J - - 1970 _ mtge gtd 4s Central 1950 external _ 34% 1 Stamped pursuant to Plan A (Int 1st 1st 2012 8s deb & 314s debs 2001 Stamped pursuant to Plan A lASan 99% 101% *102-% A-O Oct 1969 __ Carolina Clinchfield & Ohio 4s 27% 1957 f conv Carthage Stamped pursuant to Plan A A6'/2s extl secured ,,.1957 gold 4%sl, Pacific Ry— Canadian M-N ' 1952 8s 4%s Guaranteed 4c/c 2.25%) 7s 1967 stmp pursuant to Plan gold • ' 5s *32 1999 Guaranteed - *100 J-D r 1974 _ Ry— 47 1968 2%) of reduced National . gtd 5s A___1962 *39% Stamped pursuant to Plan A (Int 1st cons A-O Stamped pursuant to Plan A ■; Southern Guaranteed (Int reduced to 2.5%) external sink fund gold A7s Power Oregon Power 3las Canadian 1946 Stamped pursuant to Plan A A6s Calif Canada Rio Grande Elec California 2%) 4s — _ registered — L. 1987 1987 1987 ,_1987 - . . . May 59 Va , . - . , A-O 65 43% 46% 1 *10814 % 51 % 53 51% 53 48% 49 — • • J-J 52 Q-J 52 J-J Q-J 34 65 46% " May ,, , J-J __ *32% 1 65 72 42 52 108 63 i-- 108 91 22 . 49% 49% 78 48 70 — — 3 — 78% '• Volume THE Number 4801 169 COMMERCIAL & FINANCIAL CHRONICLE (2013) 29 NEW YORK BOND RECORD RANGE Friday Interest Last Period BONDS New York Stock Exchange Sale Price " , Central York New Central Pacific (4»A% gtd gold 4s_1949 1st ref F-A 1st 3%s mtge 1974 __1968 B_j. ser General Ref imp M 3%s series H 2d Div 1st consol gold cons General 4s & 1st & ref 1st & series 4%s 102'/a 30 V 100% 101% V' *10414 __ •; , " 103% 105% 101 101 100% mtge 3VaS___ Bonds Range Since Sold 127% 126% 127% 122% 3 iOOVi 99% 100 Vi 128 29 100 % 100'/2 100 Vi 105 Vi 105 Vi 97 5s 97 1st stamped Gen< mtge 100% '*■ 105% 1041/4 & Southwestern 1 J-J *120 127 118 *112 116 11«% 110% 110% 110% 4 109% Jan, 111 3 109 Va A-O No. *105% 107% 1965 ; 1 . Low 112 — 105'A 106'A V — __ 112 Va 105 — __ *105 Va High —— ' — 103% "' — -- -- ; . Inc 4%s ser. A Jan 2015 J-J 64 % 64 18 64 95% 99% 10 80 89% 1 64 % 80 87 Vi 72 ' __1964. A-O __1990 J-J 2000 J-J cons 1st 1st 1 cons mtge 3%s ser F— mtge 3Vis ser G cons 1st 99% 81% 81% 80 80 1953 3%» mtge *__ 8l7/a M-S *99 -1971 M-S *100 mtge 26 ser H Div 111 F-A. A-O 1st Ohio J-J *104% 1st cons mtge 3%s ser E 120% J-J *145% M-S 1965 5s__ i J-J ,1970; Erie Railroad Co— 100% 105% Paso *112 Va M-N 1995 (NY) 1st cons gold 5s Elgin Joliet & Eastern Ry 3%s El High 1956 Ed El 111 101% 1977* B Range Friday's L010 East Tenn Va & Ga Div 1st 5s — J-D " or Bid & Asked 101% 99% Sale Price IO31/2 1958 ref mtge 2%s ref 19 Last Period High F-A 1989 4s - 1st Low 103' *1011/2 Week's Interest New York Stock Exchange 1 4s 0 BONDS Jan. 1 No. M-N " 1989 Chicago Burlington & Qiiincy RR— gold High 100 Vi. 100 Vi I- — MAY Range Since Sold M-S 1973 A 100'/a J-J 1996 1996 & & • -102% 102% F-A 1992 Impt M-3%8 series D impt M 3 Vis series E: Ref & R 4%s gold ENDED Friday Bonds Friday's Low . F-A Champion Paper & Fibre deb 3s—1965 •Chesapeake & Ohio Ry—» ' f Ref-& WEEK / ■ , 1 1949) to Aug or Bid & Asked A-O 3s Power & ref series A 1st - 1974 . FOR Week's Range 99 99 __ 111% 1985 F-A 1970 F-A 1997 J- J 111 *100% 100% 97% 37 ; ' 97% 101 98% l 94% 38 20 36 V8 75 1 98% Chicago & Eastern 111 RR— A Gen 1st mtge inc mtge 3%s 5s conv ~B-—l ser 1985 ' M-N AGen inc mtge -Jan 1 2038 Chicago Ind & Louisville Ry— 1st mtge 4s inc ser A_: A2d mtge 4%s inc ser A ♦120 J-J 4%s__- A .75 M-N Chicago & Erie 1st gold 5s_ .1982 Chicago Gt West 1st 4s series A—1988' - 38 £0 % J-J Jan 1983 J-J 79 Vi J-J Chic Milw St Paul & 1st mtge 4Vis conv *54 '; 41% 58 75% ■' 41% 85 Vi ' *, 54 65 41% 103% J-J 99 Vi 99% 99% ' ; •I;I 15 99% Apr 53% 53 54 32 53 Jan 1 2044 Apr 45 Vi 45 45% 44% 54 121 A4s conv inc debs Goodrich 1st inc 4Vis conv mtge 3s B ser Jan 1 1999 AGen mtge conv 4Vis 54% *90 % 94;% J-J Chicago Rock Island & Pacific Ry— 1st mtge 4s series A •___—1994 53% J-J 1989 u 106% 107 Apr J-D Gold 3Vis 1951 91% : 103 Vi J-D Memphis Div 1st gold 4s 1951 Chic Terre Haute & S'eastern Ry— 1st & ref M ~2%-4 Vis. 1994 J-D Income 2%-4V4S 91 . 1st mtge 3 Vis series F___ -1st mtge 2%s ser G—i__ & West'n 1st & ref Indiana 91% 4 Vis series 103 % 103 % 2 90% 103 101% "l 102 ''ll.:- 76 76 69 Vi 69%; 75 1st 72% Cin Chic & General gold General 5s Ref & Cin Wab 1st mortgage & 3%s *109% 101 Vi 100 101 102 % "3 ;92 82% *71 /5V:' 83% ".,;:■ Gas Terminals % 120 123% 118% 118 Va 3 116 118 Va 1976 J-J ser N__ 1990 J"J A 94 94 1 93% 97 ser 0__ 2000 J-J 92% 92% 7 92 Va 94 2%s ser P_ 1982 J-J '88% 90 % 86 "A 90 2%s ser 2010 J-J *77% 78 Vi 75 78'A 2Vis 1961 J-J 96 94% 96'/a 62 3A 70'A mtge Bay & Q 1 R deb ctfs A ser West 118% 94 Feb jctfs B : ; Ohio 64 . 64 1st 53 % J-J J-J 1975 J-J J-J & ref 3%s seris D_. 1969 Jan 2044 Gen mtge inc 4s ser B Collateral trust 33As Gulf. States Util 1st mnrteaee 57% 60 ___1968 2%s __1976 3s 82 82% ; 86% 97 101'/a 66 Vi 74 4 99% 95 Vi 99 1 54% 55 Vi 53 61 97% 36 95% 97% A-O *103% J-J *102% 102% 97 Vi 103 103 % 101 __ 101 Vi ■! H 1st mtge 2%s__1970 iyyy Hudson Coal 1962 J-D 62% Hudson Co Gas 1949 M-N 87 Va Hudson 1957 F-A AAdj Feb 1957 A-O 1970 J-J 105% 105% 2J 104 Va 106% J-D 105% 105% 3 104% F-A *101% A-O 97 & Manhattan 1st 5s A 97% 124% 4 91 92 95 98 Vi 90'/a 96 101 il 19 10113 101 Jg 103 59% 61 45 59% 67 % 22 22% 68 21% 25% 105'A —1950 series A 1st gold 5s 963A 121 VA 96 J/2 91 J-J 68% 5 16 96% 97% J-J 1970 97% 124'/a 125% M-S HocKing Valley Ry 1st 4%s Household Finance Corp 2%s f 5s income _1961 % 5s 22 __ ~6 97% 97";/ 101% Co— 1972 106% A-O , 106% 103% :£ 1 105% 108 —1973 A-O 105% 105% '-20 104 106% 1977 A-O 102'A 102 Vi 8 102 103% 1980 M-N Illinois Bell Telep 2%s series A 1981 1st mtge 3s series B— ___1978 Illinois Central RR— 1st 41 Vi 45% 12 41% 50% El 3 M-S 1971 103% 103 % 103% 16 101% A-O Vis.™1970 M-S 1955 *105 F-A 4s *105 1978 J-D Conn River Pwr 1961 F-A *106% 1965 A-O *100 1951 f 33/4S A Consolidated Cigar Corp 3 Vis Consolidated Edison of New 105% 106 2 107 % 20 104 Purchased 104% 4 104 Collateral 1 103% A__; 1982 B 1977 A-O ser C 1972 J-D 1972 M-N ref 3s series D 1st & ref mtge 3s ser E_ debentures Consumers Power Continental 1979 1st mtge Baking Crucible Steel § A Cuba Northern 1st series ;■ 101% 103% 2 102 'A 105% 26 50 99 • 94 33 : *80 100 Va 10 93% 36 . ' ' ;• 30% 35 27%' 29 V8 *33% 34 Vi *33% 35 32'A 35 ■ J-D *~*"V 28 111 102'/a 102V4 104 J/a 104 104 "A J-J 101 101 101 102'/a 105% 101% 100% 103 102% 103 28 7/; 105'/a 88% -I'J'"' 103 Va 103% 11 100% 100% lOlVa 1021/4 81% *103 45 82% •' : __ ;_I_ 100% 100% 15 *99% 100% __1951 J-J *101% 102 Va 1951 J-J 1951 F-A 3Vis Div 1st gold 3Vis 1st gold 4s Cent and *100% — • F-A Chic St L & N 107% 791/a 100% 100% 82% *1017/a 1021/a gold 3s 103 103% 100 Vi 105% 105% F-A 101% 8 14 V- 3 ' 100 Va — O— .;I.; — .-t; 102 101% 101% 102Va • — *102'A 103'A *100Vi 100% 101 Va 'V' 100% 100% 103 — " Joint 1st 1st & 1st ref Illinois ref ref I series A 1963 J-D 94 941/2 series 5s 4%s mtge 1963 ' J-D 87% 86% 87% 48 1963 J-D 83 Va 83 83Va 2 1970 J-J *__ 97'/a 4s_J__1950 J-J 100 100 *89 100 % 4s Ry Iowa C D ser Terminal Indiana 111 & 4s ser 1st gold A 94'i 64 92% 86 81% 99% 93% 87 98 "4 100% 100 100% Indianapolis Union Ry Co— Ref & Imp 2Vis {International A 1st 80 25% J._' 79 33 • 1951 Registered 52 31% 16 95% 47 /./ 33 Va 82 101% 3s__ 103 101% 70 102V4 F-A 100 101 Va *35 A-O J-J Springfield 107% 102% 101% M-S M-N 1951 & Term Western Lines 102% 215 : 94 _'_ J-D 1946 102% gold 103 101% 103 Louisville Div & Term gold 3%s_1953 Omaha Div 1st gold 3s _1951 98% 3 1st 99% 104 *100% J-J Div 102% St Louis Div 96% 98% 101 % 101% *48 —— J-J § AGs series B deposit receipts 96 94% ■ *__ 97 19 98% 103%' *101% J-J 102 1 106'A 107 *101 __ J-J 1946 rets 12 *101% 102% J-D _1952 98 Va 97% 100 103 Va 103'/a 106% J-D receipts A deposit 101 103% 103% M-N 1st § a Deposit receipts ACuba RR 1st 5s gold § A Deposit J-J 3'/aS 1966 5 Vis____1942 mtge Ry M-S 1965 debs 3s A-O 1975 2%s 103 % J-D 1968 23/4S 100 J-J 1963 _ Consolidated Natural Gas 9 8'A *96 Va • gold 4s J-J J-J Litchfield 106 Va M-S ser trust 1952 98% *103 A-O J-D Gold ser 3%s..__. __ M-N 104 Va 106 — 104% 1952 98Vi * M-N York— 1st lines 1951 ____1955 J-D _____1953 104% 104 Vi 1951 —1951 vJ-J'I Refunding 5s _1955 Debenture 4%s.1966 Cairo Bridge gold 4s ___1950 105 Va 103% 103-% 104% 1951 ; 1st __ 104 Vi 104% J-J 1st & ref mtge 23/4S 1st & ref mtge 2%s mtge 23/4S 3%s gold 3 Vis--. 1st gold 3s sterling Collateral trust, gold 4s Refunding 4s : 103% 103 Vi 106% 106% F-A s 4s gold Extended 1973 Ohio gold 1st Ry—» A A 6s Adjustment A 1st 5s A 1st gold C ser Great series 6s series B A J-D RR— __1952 July 1952 1 series 5s 1986 Northern A series 68% A-O 24 1956 1956 C J-J J-J 62% A-O 69% §Alnternat Hydro-Elec deb 6s_____1944 Int Rys Cent Amer 1st 5s B 1972 M-N 68% 69 23 59 69% 23% 24 16 21% 26 *61% J-J 68 53 Va 63 62 Va 62% 20 69% 70 69 *97 53 % 63 67 Va 70 Vi 98 99% 99 %; D Dayton Pr & Lt 1st mtge 2%s 1st mortgage 3s series A____, Dayton Union Ry 3%s ser & Co 2%s Y Lack 1st A & & Coll 1st Tr 1963 Denver & 1973 ser May 1 2042 & Light tr . 3s Grande . Detroit mtge Edison & ref Gen & ref 3s series 2%s ASecond gold Detroit Term & 102% S3 92% 81 81 55% 55'i . 93Va, 55% ' 19 J-J . . 0 59 Vi d59 Vi 61V 2 104 104 *~ — 89 % — Apr eo% 60% 68% 66% 77 98% 98% 96 Va 98% 1990 A-O 27%s 81 87 Vi 55% Kanawha & Mich 1st gtd gold 4s 68% Kansas J-D J-D ig 12 59% 103 tit 90 15 105 1966 G M-S 108 108 J-D 1982 M-S J-D gold 4s 1995 J-D *66% 1995 J-D *69 1961 M-N i 4%s ser Kansas 1st City Southern Ry 1st 3s__1950 mtge 4s ser 1st mtge 3%s — 91% 597/a 65% 82 B__1976 108 104% 104% 99 108% 108 99 Vi M-S *88% 99 108% 2 13 110 104% 105% 1 98% 105 % 31. 100% 101'A A-O 101 101 A-O 105 104% 105 J-D 104% 104% "2 1974 A-O J-J *114% J-J *__ *97 105 % 99% 104% 99% 100% 65 J-J 101% 103% *100 % 100% 1987 Kentucky & Indiana Term 4%s___1961 101 9 20 100 1961 Plain J 1961 unguaranteed A-O 1964 MS 1% 108 101% 103 107 3A 115 -- — 101% 101% if-8 Laclede Gas Light 4%s conv debs—1963 *170% A-O 1959 114% 100% 108 *97 Vi J-J 1997 / 98 J-J 1961 Kings County El L & P 6s Koppers Co 1st mtge 3s_ {AKreuger & Toll 5s ctfs 114% — 1% 66 109V4 75 66 71 64% 100 99% 73'A 71 105% 90 88 89 J-J 99% 99% 97% 99% 1937 J-J *48"% 49'% F-,4 100 % 100% 2%s_—_______ 1977 For footnotes see page 101 96 10 103 99% 43 96 90 100% 100% 1975 Stamped 108 *._ *102 1968 A series B___ Kansas City Terminal Ry 23As Kentucky Central gold 4s I 87 _1961 debs City Power & Light 2%s__1976 mortgage 27/8s 1978 4%s 1970 4s Tunnel Co 69% 104% 77% 61% *81. J-J 1958 1st lien 2.35s Light. 68 if-a Lt 1 107% I—_ tSADul So Shore & Atl gold 5s Duquesne J-D 1976 & 1 ■';; " Chemical 1959 Pow 96% > 1993 H series Det Tol & Ironton RR 2%s Dow Jamestown Frankl & Clear 1st 4s 91 fixed debentures conv Detroit & Mack 101% Jersey Central *101% 102% / . ; int)— 3%s series 3s ■ — (3% contingent Gen ; ,.1993 2018 Lake Salt & __ A-O J-D (4 Vi % contingent int) 1% ■ West RR— mtge ser A Income M-N 1973 1977 3%s __ Denver 103% II division mtge ser A (3% fixed: 1% contingent int) Income M-N *100 K C 1st A M-N 100% 1st 5s coll Rio M-N 98 y8 103 y4 103% div 4-6s Power mtge & A-O 1993 Western & Essex Delaware J-D 1965 Income rttge due Morris *__ J-D 1965 B debs M ref *99Vi 100 J-J 1978 . Delaware & Hudson 4s extended Delaware Lack & West RR Co— N A-O ___1978 1st mtge 3s Deere 1975 46 11 49 % ion ioi v4 Lakefront Dock 1st mtge sf & RR 37/eS ser Terminal— A Lake Sh & Mich Sou gold 3%a 3Vis registered « u 69 Vi 1969 debentures 1st- s ! A 10% 103 V * *98% M-N 81% 8 82 M-N 55% J-J 57 ; __ 8 100% 68% 1978 56% 97 60% ' 5 *98% Apr . M 1st 8% *99% 102 A-O 83% 75 *56 8V4 *101% 101% A-O . mtge inc 5s ser A_____July 2015 Gen V Feb _1959 RR— 1 1977 §A7Vis D 6 3Vis System, Inc—7 Sou & conv series 122% 122% 95 79 73% 1st mtge 3s series L 1st mtge 3s series N Conn Ry & L 1st & ref 4Vis— 3s 4 V 1st & ref 4s series B_- Commonwealth Edison Co— 1st & J-J • 110% 110 1982 Southern ref 1973 % 109 __ 102% 99 J-D 1990 3s Columbus & Toledo 1st extl & *108%; . Greyhound Corp 3s debs 102% rH 0 CO __ 101% 101 Vi *94 J-D 4s___^1991 debentures Columbus J-J 87 100 3Vis A Debentures / 106% ■ 1st 4Vis Hackensack Water 1993 4Vis (stamped modified) Columbia Gas & Electric Corp— 3!4s debentures Columbia 103 — J-D 1993 1st mtge 5Vis series A 1st mtge 5s series B_— 1st mtge 4Vis series C____ & 4 106% 7 B—i _1952 99% -- Pittsburgh RR— Union Colorado 103'A 103% 100 Vi 100% J-D 1961 Series D 3Vis gtd ; Cleve Short Line 1st gtd 4Vis Cleveland 11 J-J F-A St Louis Div 1st coll trust 4s Cleveland Electric Ilium 3s_„ Cleveland 103 . V' F-A Ry— 100 82 3 Gen 103 104% 1966 Louis Mich Div 101% 102 % A-O impt 4Vis series E__1977 & 2 14 1969 1 series 104% 105 102% 102% —1974 4s St *100% 100% 84 Vi mtge 3s City Ice & Fuel 2%s debs City Investing Co 4s debs_ Cleve M-N Ry Co— series B 5Vis Gulf Mobile & 101 Vi 101% i M-S • 1978 mtge gtd 3%s series mtge 2%s ser G__l 1st 100 — 1st mtge 2%s_1965 Co 83% mtge AGreen 77 69 1 J-J .1975 mortgage 2%s Cincinnati Union Terminal— ; F) *99% M-S Gen. mtge Gen. mtge 103 7/a J-J 7 1962 1st 104 Gen 98% J-J 1963 Cine Gas & Elec 1st mtge 2%s J-D 59 102% II *104 Gen 107 *101 J-J 1963 D 1949 65'A 55 V2 M-N ^—1969 : General 5s series C 91 106 11 J-J 7 4s___ 1952 conv General 59% 86 % 24 101% 101% 103 54 % , 1994 1 51% Chicago Union Station— Chic (B Northern General A.Jan 2019 ser 51 V* Chicago St L & New Orleans 5s___1951 . 53%' Apr 104 5/8 101% J. Great ' mtge 103 M-S 1956 Gas & Elec of Berg Co cons 5s General Realty & Utilities Corp— Chicago <fe North Western Ry—<2nd 59 Vi V8 65 B ser — 7 2 100 102 58% 59 94% 1994 ■ of deposit coll trust 6s Francisco Sugar 103% 103% 102 M-S 51 85% ' "7 '; J-D ACertificates 77% 5 . 41% 85% M-N 1959 1st & ref 5s series A__j_______1974 87 62% 1 A__Jan 12019 ser A > 120% RR— Pac 41/28 inc inc "22 . mtge 4s ser A Gen "'< 80% 67. 1961 3s:debs_: Rub & {Florida East Coast 1st 4%s 75 118 67 J-J Jan 2003 Chicago Indiana & Southern 4s—1956 Firestone Tire 46'/a 74% ' 24 113 112 113 81 81 81 81 96% 75 75% 74% 90% , 1968 J-D 1997 J-D 1997 J-D . 30 (2014) COMMERCIAL THE & FINANCIAL CHRONICLE Monday, May 9, 1949 NEW YORK BOND RECORD RANGE Friday BONDS Week's Range or Friday's Interest New York Stock Exchange Last Period Sale Price Bid & Asked Low Lautaro A 1st Nitrate mtge Co Ac MAY 6 Friday Bonds ' .. Range Since Sold No. High Low Dm 93 93 92% 15 89% New York Stock Exchange 1970 1964 f-a 1954 stamped Lehigh Val Harbor Term gtd 5s F-A 1974 stamped 5s a-o F-A f-a Lehigh Valley Ry Co NY 4 Vis ext_ 1950 Lehigh Valley RR— 4s stamped modified 3003 93% 93% 93% • • ", J '' ■ • ' 89% 90 90% 88'A ' 63% j-j t 4 Vis 101% JATerminal 62 65 89 57 64% 21 60 72 Va ' Jf-N 34% 33% 35 % 263 Jf-N 33% 33 33% 14 37% 35% 37% 221 31% 41% 30 40 32 Vi lst *95% J-J 46% 56 4 » 96 d44 J/8 12 35 19% 106% 29 45% *25 __ 55 __ *18% F-A Low 39% *691/2 1982 1978 F-A 1981 —1986 97Vi 105 3-j mm*. Jf-N 2014 14 97% 98% 11 103% 105 Vi 101% 1 Jf-N 35% 35% 36 12 32 42% 2003 Jf-N 43 40% 43 72 35 49% Norfolk Ac Western Ry lst gold 4S.1996 Northern Central gen AC ref 5s 1974 m-a A-O 69% 67% 69% 74 Gen Ac ref 4 Vis series A Northern Pacific Railway— Little Miami gen 4s series A A Lombard Electric 7s series a >1962 i«a Lorillard (P) Co deb 5s 3s debentures ; Louisville Gas As Slec 3 Vis A-O a-o *103 107 — ■-..v. J-D 108 Vi 103 __ 103 26% f-a 107 1963 ao 103% 103% 1966 ms 1979 ms Ac ref M 3%s series F 2003 1st Ac ref M 2%s series 0____2003 1st & ref M 3%s ser H 2003 St Louis Dlv 2d gold 3s I960 a-o 102% 104 106% 107% 3 ■ __ — . / 109 *11 100% Q-F Q -A 60% 2047 2047 J-J 2047 3-j 2047 j-j 1976 registered Ref & impt 4%s series A Ref Ac impt 5s series C Ref Ac impt 5s series D trust II Q-J Q-J us 1997 4Vis i 81 75 108Vi __ . 100% 101 128% 112'/2 105 6 105 106% 101% 39 61 Vi 99% 98 60'/b 75 58% Atl Knox Ac Cine Div (Minn) 91% 94 80 80% "5 79% 83% lst 98% 99% 42 98 99% 80 ao ms *93 Jf-N *108 __ lst mtge 2V4s lst *91% a-o 94 92 Vi 93% 107% __ 1974 mtge 2%s *56 '79 651% 79 101 14 61 Va 78% 88 88 101 58% —— 80 *87 109 % lst 3Vis J-J 1977- 100 88 87% 88 3 1011% 87% 59 101 99% 98% 99% 100 *1011/4 AO 1979 3s Bell *98% A-O 1978 M-N 17 98% 95 95 103% 99% 100 __ M-3 1979 mortgage Northwestern F-A 1975 t mtge 3s (Wisc) lst mtge 2%s_ 64% ' Northern States Power Co— 1st 85 128 112 ms Jan 1 2047 81 128% 128'/a __ 1997 registered Coll ~ 79 A-O 1974 4s__ 3s 108% 5 ~ 4s lien General lien 3s 50% 107 mtge 5s conv Inc Prior . 8 107 106% 106% — AGen 123% 107 1 ' 1951 1st Ac ref mtge 3s Louisville As Nashville RR— 120 — — 107 M-N 64% 8 *123 103% 108% ■ 108% 108 J/2 A-O 3003 stamped Lehigh Valley Terminal Ry ext 5s_1951 Lexington & Eastern Ry 1st 5s 1908 Liggett Ac Myers Tobacco 5s 1951 75 98 105 Norfolk Southern Ry Co— 2003 modified 35 22 73 *102% 103 11-4 46% 35 741% 97Vi 63% 97% 107% 17% — Jf-N 3-j High ' F-A stamped modified Vis registered 4 5s 44Vi 3-3 Jan. 1 No. 107% 107% 55 1943 gold 5s N Y Telephone 2%s ser D Ref mtge 3%s ser E Ref mtge 3s series F_ Niagara •Falls Power 3Visj 70% 62 — 3-3 1963 56 Range Since Sold High 1977 Gas 2%s Corp lst 3Vis Bonds Friday's A-O - 96% , or Bid & Asked 1993 gtd 4s IN Y Susquehanna Ac Western Ri*— 8 A lst refunding 5s 1937 5 A 2d gold 4 Vis 1837 § A General gold 5s 1940 93 ■» lst cons N Y State Elec & 97 99% "80 ' Sale Price Low 93 *99% 100 2003 registered 91% 2 Last Period High N Y Steam 1954 Week's Range Interest BONDS Jan. 1 Navigation Co— 8 F mtge 3 Mis ser A 4s ENDED N Y Ac Putnam .1975 reg Lehigh Valley Coal Co— 5s stamped 5s WEEK Ltd income Lehigh Coal FOR *97% — 97 — 97 Telephone— debentures *105% 106% ■ ■ .:r~ /•; 105% 106% M liacy (R H) At Co 2%s debs .1972 Maine Central RR 4Vis ser A 1st mtge Ac con 4s ser B M-N 100% 100% i960 J-D 68 Vi 3-d 92 2 100% 101 Va 13 69 Vi 1954 Manatl Sugar 4s sink fund__Feb 11957 Manila RR (Southern Lines) 4s 1959 May Dept Stores 2%s debs 1972 Mead Corp 1st mtge 3s i960 68 Vi 71% 92 95 92 Metropolitan Edison 1st mtge 2Vis.l974 Michigan Bell Telephone Co— 3 Vis debentures M-N 90 Vi *98 J-D *100% Jf-N iqno M-5 C 1979 Michigan Cons Gas 1st mtge 3ViSLl969 1st mtge 2Vis 1st mtge 3%s Mo Kansas Ac Texas 1st 4s Prior lien 40-year Prior series 5s 4s lien series 4Vis 1st Ac A Conv 1st 1st Ac 5s series 5s (John) 8 Co As 82% 85 9 46 53% 71% 28 68 74% 79% 81% 17 79 85% 68 Vi J-J 46% 70 68 Vi 68 Vi 6 64 69% J-J 63% 6 61% 71 39 66% F-A 84 83% 84 42 ,75% J-D J-D L 1974 J-D Jf-S 44% Jf-S 84 1979 M-N 84 1949 Jf-N 25% 1980 I a-o 198I 311. 371% series M 1979 J-D 102% 102% ref 3s series N 1977 J-D 103 ref 1981 J-D 1980 J-D 1982 J-D series 2%s series P lst Ac ref 2%s series Q lst & ref M 3Vis ser R Tel 2%s Tel Ac debs 1985 184 75% 83% 83 % 84% 48 751/4 25% 161 21% 27 75% 75% F-A 110 2 '104 104% 101 M-N J-D 53% 54% 8 53% 77 77% 17 76% Cons M-N 1986 Jf-N 1976 101% 101% a-o 5 72 73 17 71% 93% 15 91 5s 4Vis Grn mtge Conv deb Gen 103 >/2 100'A 4J/2S General 93 J/4 '103% 104V4 103% 7 101% 19 101% 103% 3 101% 103 % . 103 97% 1 95 94% 94% *97 103% 98 98% 94% ■mm 98 104% 93% — 95% —— *102% 103 100 Vi 103% 5 96 Ve 98% 103 105% *102% 103% A-O 103 100% 102% *104% 105 100% 104 Vi 1041/4 '—— 104% 105% 57% 57% '■ 13 58% 55% 69% 103% 104% 103 65 1952 ! 1975 *__ *103 A-O 101 103% __ — A-O F-A 113% 1965 J-D 100 1968 J-D 104% 1981 A-O 101 101% *102 1965 1960 series A B series series D 4Vis series B 103% 8 103 Vi 99% 101% 100% 102 113% __ 116 3 Vis 113% 113% 15 99 % 100 Vi 128 98% 23 103% 103 Vi 104 % 91 92% 48 91 101 Vi 92% 30 91% 101 Va 100Vi 19 99i/8 102 23 82% 87 111 1984 A-O 1985 J-J 1963 J-D 34 106% 1960 series F J-J A-O 53% 54% 11 51% Apr 13 13% 15 11% *103% 91% 100 100 82% 106 V* 110 92% 1952 3 Vis mtge Jf-N J-D RR— General 75% 92% 93% E trust ctfs sinking fund 4Vis G°neral 81 J/2 1953 debentures Pennsylvania 58% M-N income debentures..1960 conv 106%. 104% 102% 100% 100 %. J-J 3'/2 s 106 102% *104% 105 % M-S lst mtge 3s s f debentures 102 Vi 1958 1955 1983 1955 debentures 3s 104% 2000 wSSeX lst *td 3 Vis 97% M-6 Gtd 4s series 84% 103% 1978 Pennsylvania Glass Sand 3 Vis 1960 Pennsylvania Power Ac Light Co— 62% 84 58 •98 y 105 6 103% 103% A-O a 84 57 83 Vi 98 Pennsylvania Co— 84% 58 16%" 103 Vi 13 103% 104 A-O .1987 3%s 27'A 84% ..1988 lst s f gold 4%s Pennsylvania-Central Airlines— 84% * 103% *106% 103% J-D debentures debentures Paducan Ac 111 46 J/4 84% 24% M-S 1966 45% 83% , F-A 1991 debs 44 '83% 95 32 102% 103 ref 3s ref 3s '3J/4S debentures 84% A 3s J-D 1971 3 VaS 80% ._1977 96 103% 104% 1970 Pacific 70 % 69 ;; 104 lst Ac 87 46 70 Vi 100% *98% 100% A-O 1st Ac 102% • J-J J-D 15 J-D 1986 lst Ac 62 €3 F ser series 101% 70 Constr M 5s series A Constr M 4Vis series B Mountain States Tel Ac Tel 2Vis 3 Vis *82% 11% series K ref 3s 1st Ac 103% 63 Moh'k Ac Malone 1st gtd gold 4s Monongahela Ry 3 Vis series B Morrell J-J 14 103% lst Ac ref 3s series J i-O gold 5s series H ref 5s 55 % 20 F-A 1978 A—1960 ser 103 *98% 1001/4 lst Ac ref 3Vis series I 100 102% 55% 1973 3%s *11% 103 lst & 107% 100 J-J series G ref 55 % A-O Pacific Gas AC Electric Co— 81 105% *101% 102% 1979 ref gold 5 Vis 8 1955 ref Ac 107% 100 M-S 1973 100 Jan 1967 1st & ref 5s series A A mortgage J-J 1974 102 66 *103% A-0 1979 I General 4s A 107 1948 2%s D A A 11 a-o 1992 B A Ac lst RR— A series 4s_ lst mtge 3s 2%s 105% 101 % 73% 73% 107Vi Jf-S 1990 ACum adjust 5s series A {Missouri Pacific RR Co— A 1st 101% 100 * Jf-fl 1902 Missouri-Kansas-Texas mtge Oklahoma Gas Ac Electric 2%s 103 103% *101J/4 102 73% Jf-S Jan 1971 Jan 1991 guaranteed Ohio Edison lst 1001/2 11 *99% Jf-N 1964 1st mtge 4Vis inc ser A AGen mtge 4s inc ser A 98 . 100% ... *104% 105% J-J 1969 MA Midland of N J 1st ext 5s 1940 Minnesota Mining Ac Mfg 2%s_>1967 Minn St Paul Ac Sault Ste Marie— 91% 97 98% 101% 101% A-0 —1952 .Ref Ac impt 4 Vis series 85 Vi 18 § Alst Oregon-Washington RR 3s >1951 ■. 91% O fOgdensburg Ac Lake Champlaln Ry— 687/i J-J Michigan CentralJack Lans Ac Sag 3Vis 1st gold 3 Vis 90% Jf-N 1 83 % * Peoples Gas Light Ac Coke Co— 3s N Nashville Chattanooga & 1st mtge 3s ser B National Dairy Products 3s 1960 F-A *89% J-D 100% 100% J-D National Steel Corp lst mtge 3s Supply 2%s debs 1965 Naugautuck rr ist gold 4s New England Tel Ac Tel 5s A 1st gtd 38 4 Vis series 1952 100'/a 100 Vi 10 Jf-N 117% 1171/4 1 "100% 101% 1988 J-J *106 1986 F-A Light 3s 1974 New Orleans Great Nor 5s A 1983 New Orleans Ac Northeastern RR—. Ref Ac Imp 4Vis series A 1953 lst gtd 4s 1953 INew Orleans Texas Ac Mexico RyA 1st A 5s A lst A 5s series 4 Vis 5 Vis series Mew York Cons Ref Ac Ref Ac series 1956 F-4 1954 Ac series J-D 101% 101% 101% 31 99% 101% M-N 101% 101% 102 16 100% 102 Va M-N 100% 100% 1 99% 100% ref 2%s__ ^1981 J-D 100% 100% 2 99 103 J/4 lst Ac ref 100 Vi 2%s __1978 F-A *101% 101 % 103% 101'/a 98 ... 103% 100% 30 91% 1 105 Vi Phillips Petroleum 2%s debs .1964 t-a Pittsburg Bessemer & L Erie 2%s__1996 Pgh Cine Chic & St Louis Ry J-D 90 " 95% 93 Cons gtd 4s series F *9 % 90 J/2 95 87% 92 101% 10% 12 . 91% 28 8% ~6 102% 102%, *98% 92 93% 95 93% 98% 1 93 *105 1957 Jf-N *105% .1960 F-A *103% Cons 95 .1983 F-A *107% .1964 Jf-N *110% .1970 J-D 103 103% .1973 A-O 102% 103% 10 .1975 A-O Cons gtd 4J/2S series J., Pgh Cine Chic Ac St Louis RR— Gen mtge 5s series A mtge mtge -3%s 5s series B series M 239 51% 61% Pittsb Coke Ac Chem 1st mtge 3Vis. .1964 229 54% 66% A-O 64% 62% 65% 90 60% 73 J-J 70% 68% 70% 129 68% 817/a 66% 67 64% 54% 56 F-A __ %; * F-A 1986 ao ao F-4 54 i F-A J-D 55 . , 31 3%s 75 lst mtge 4Vis series A^ .1958 J-D 52% 61 1st mtge 4J/2S series B_ .1959 A-O 56% lst mtge 4J/2S series A-O 40 50% 60% .1960 C. Pitts Youngstown Ac Ashtabula Ry- 92 91 * — ' 53 49% 4 49 % 58 lst gen 5s series B .1962 94% 98% lst gen .1977 Pittston Co 5Vis inc debs .1964 Potomac Elec Pwr lst mtge 3Vis_. .1966 lst mortgage 3Vis .1977 90% 17 90% 91 8 86% 100 2 99% 92% 91% 101 , lst mortgage 99% 96 96 67% 69% *75 A.2022 May 60% 39% 60 Vi 6 100 Providence Terminal 4s 95 100 Public 67% 38% 1954 Jf-N M-6 40 102% 102% 7% 8 1955 J-D 3% 1st mtge 2%s._ 1975 V4 99% page 31. Service 102% 108 __ 103% 103% 111 113% -110 114% __ __ — 103 102% ■ 102 •' —'I 85% 99% 107 108 89 101 Vi 10 100% 103 6 101% 103 102% 82 83 2 81% 92 83% 2 82% 92 82% 83% 5 81 92 108 109 3s 168 81 lst Ac ref mtge ref 60 69 J/2 193 4 99% 6 37% 102 48 >/4 lst Ac debentures Ac lst & ref ref 3 Vis mtge. 3s mtge mtge *__ 108 J-J 8s 3s — 99% 100 J-J *106% 107 *__ J-J 106% "4 vi .1956 Jf-8 *__ 103 103Vi .1968 J-J .2037 J-J *147% .2037 J-D *218 100 Vi 106% 102 99% M-N 99% 106 — . 102% — *102% 103 % .1963 Elec 72% 78 78% 61% .1983 3s__. 100 12 Chester— June 1902 98% 107 83% F-A 92 100 5s series C 4Vis series D lst Ac J-J 10 J-D 92 Va 102 10% 102% J-D 1 82 82% F-A .1974 98% *— 67% 102 102 »/4 __ 102% 102% A-O lst gen — *101 J-J 49% Jf-N 2007 .1965 98% •>—. J-J Jf-N debentures .1958 Pittsburgh Steel lst mtge 4Vis Pittsburgh Ac West Virginia Ry— 51% J-J 1973 4s 103 85 M-N 51% 45 — RR— ser 108 Pittsburgh Consolidation Coal— J-J 97 9 gtd 4Vis series I. 59 F-A 101% — J-D Cons gtd 4s series G 92% V 97% 63 8% __ 1953 55% JZ043 see J-J *8% 56% 1975 lst 4s For footnotes 1937 53% 1973 N Y Power & Light l§ A Philippine Ry lst s f 4s A Certificates of deposit 104 Jf-N IAN Y Ont Ac West ref 4s A Genera] 106 Vi 1971 58% 2043 Port 110 104Vi 1967 54% 1980 B Ac Hartford Ac 109 7 1974 A-0 1999 B River 2 r, 2%s F-A 1999 West 4s series A Haven 116% 110 105% 2%s_ 2013 gold 4s lst Ac ref mtge 4s ser A AGen mtge conv Inc 4Vis 114 110 105 ref ref 2%s 2013 Mtge 4s series Mtge 4s series B Harlem *90% ao 1951 ser *116 , 16 98% ref Ac Gen N Y & Harlem gold 3Vis.. A Y New 91% 96 lst Ac 1996 Connecting RR 2%s 4 Vis 105%' Gen A Mew York Chicago Ac St Louis— Ref mtge 3 Vis ser E 1st mtge 3s ser F ; lst /_/ J-J 12 lst __ 93% Mich Cent coll gold 3 Vis 3Vis registered M Y Lack 91% deposit impt 4 Vis series A impt 5s series C N Y Dock J-J 1961 98% Cons gtd 4s series H F-A If Y Central Ac Hudson River RR— General mtge 3 Vis 1967 3Vis registered —1997 Lake Shore coll gold 3 Vis 1998 3Vis registered 1998 M Y F-A 1977 B series 5s General gold 4J/2S series C Philadelphia Co coll tr 4 Vis Philadelphia Electric Co— 98% 61% 104% lst Ac Central RR Co— 4s 1974 General i 98% 104% — 117% 103% deposit A— of Jf-8 — 101% deposit D of 1980 — 1st Ac 1061/2 100% 101 91% F-A 106 99% *103% 105% 101 101% 109% 110 1974 89% 1950 of Certificates J-J J-J 117 *103% 103% *98 102 100% deposit..! C series Jf-S J-J 4-0 of Certificates A lst A B Certificates A lst A series Certificates *80 100 J/2 102 A-O Ac New Orleans Term *102 100% 105% 98% .Apr 1990 Pere Marquette Ry 3%s ser D Phila Bait Ac Wash RR Co— 104% 104 3 4s ext 4s Peoria Ac Pekin Union Ry 5Vis 100% 1031/4 34 1982 2 891/4 99% 6 104Vi 104 1961 B debentures Jersey Power 4 104% 104% 104% Jf-N J-D 84% 89 100% 100% J-D _1954 New Jersey Bell -Telephone 3Vis N J Junction RR gtd lst 4s New 4-0 1967 National Eastern Ac A Income 2%s debs. 1970 debentures debentures conv Peoria St Louis— __ 99% 99% 101% 103 Vi Gas Co— .1972 *108% Jf-N 13 __ — — 107% 108 Va 146% __ 220 . — — 148 215 215 104% 104% 13 104 104% 101 14 100% 102 103% 41 7J/2 16 3% 5 5 98 Vt 100 11'A Q Quaker Oats 2%s deb 1984 9-J 101 THE Number 4801 Volume 169 COMMERCIAL & FINANCIAL CHRONICLE (2015) 31 NEW YORK BOND RECORD RANGE FOR WEEK tfNDED MAY Friday Interest Exchange Last Period BONDS New York Stock G Sale Price or Bonds Friday's Bid & Asked Low Range Since Jan. 1 Sold High Low No. Rochester Gas High Gen Jf-N mtge mice 1977 1967 1967 1969 sinmpcti 1949 stamped-.—1941 M-S *s 102 Va 1st 104 125 Oil 2%s *105% •■'8% 9% 8% 10 10% 10 Va 8V» Pacific 2%s 106% 105% — J-J 12 Vt Lawr 1971 1996 1996 Adir 1st M-S 1955 3s series A gold 58— Power & gold 6s High J-J noova 97% — J -J *— 76 108% «— 80 79 7100 ,101 J-D 100% 100% ' 9 F-A 102 5 M-a 1966 A-O 1976 M-N 1967 A-O 1959 M-a 3 *99 % 100% 109% 100 *102% 103 104 104 100% 104 12 100% 103% 103% - 104% 2%s debs debentures 3%s debs Pictures 102 99% 101 100% 103 " 93% 93% 41 92 99% 100 Va 22 99% 92% 92% 80 80 96 75% 5 94% 96 *95% 100Vb * 80 100% 93 Vs 94 Vb *93% 80 100% 70 A-O J-J 1991 C series Biscuit 2%s debs Rubber S M-N 1970 . —, A-O 1967 deb 3s M-N RR— 2%s mtge 108% 109% 1971 debentures Ref United 2%s 2d Low 1976 Calif of Universal St Jan. 1 No. High 1975 3%s 2%s trust debentures Union J-J of Mo & coll mtge debentures Union U Baguenay Range Since Sold 1968 Union Electric Co 93% 86 19 103% M-S 4Vis RR '86 '/a 86 Vs '103 M-S series J 3 Vis JARut-Cariadlan l§ARutland 86% A-O M-S mtge 33/4S Gen Bonds U 3s 4%s series D series H_— 3 Vis series I Gen ratge Friday's or Bid & Asked Sale Price Period Low Elec Corp— & Last Interest BONDS New York Stock Exchange - R Reading Co 1st As ref 3%z «er D__1998 Reynolds (R J) Tobacco 3s debs„1973 Week's Range Friday Week's Range 76 86 - Bt L Rocky Mt & P 5s stamped Bt Louis-San Francisco Ry Co— 1st " J-J 4S 2d certificates bond 85 «/4 85 >/4 May mtge 4s V lst 53 52% 85% 54 53% 212 83 J-J J-J J-D A-O *102% Scioto V & N E M-N *127 ctfs bond 1st gtd 4S 1957 1989 *90 102 Va 91 102 *— 108 37 106% 100% 102% 127 J-J A-O 106 107% *105 debentures 5s 106 '.98% 99 Va *98 Va 100% 103% 103% 103% 108% 6 102% 108% 108% M-a 7 107% 110 " 104 104 ' 103% 87% *85 102% .J. 98 88 128 100 A-O 1958 mtge 3s series F 1st 103% 106% M-a 2003 mtge 2%s series E ref conv Va & Southwest 1st gtd 5s 90% 101 ref 3VbS 109% 85% 102'/a 1975 1978 105 M-N 1963 & 1st 61% 105 F-A series A—1955 4s g Virginia Electric & Power Co— 88% 51 Va 108 % 108% —Nov 1989 inc RR cons f 4s series B s 1st & * M-N 1989 Gen & ref gold 5s series A 1990 Bt Paul & Duluth 1st cons gold 4S.1968 St Paul. Union Dept 3 Vis B 1971 4s Vandalia 100 Cons series A_—. 1997 A 2nd mtge inc 4 Vis ser A—Jan 2022 St Louis-Southwestern Ry— i >99% cons 1995 1st lien & ref M 3V»s ser C M-N 1973 Virginian Ry 3s series B A-O 99% 100 100 *105% ' 100 96 13 105 Va 103 VB __ Seaboard Air Line RR Co— 1st mtge 4s series A AGen mtge 4Vis series Seagram (Jos —1996 Jan 2016 A & Sons E) J-J J-J 1966 2Vis 100% 101 63 63 * J-D 1971 A-O t§ASilesian-Amer Corp coll tr 73.-1941 1965 F-A 1976 J-D 1963 A-O 1979 J-J Shell Union Oil 2Vis debs Skelly Oil 2%s debs Socony-Vacuum Oil 2 Vis South & Nor Ala Southern Bell 3s RR gtd 5s ; 63% 95 Va 96 96'A 54 95% * 38 101% 95 123% 100% 103'A Walker debentures 1985 1987 J-J 1994 * Southern Pacific Ry 2%s F-A San Fr Term 5Vas A-O RR 1st ref gtd gold 3%s__2000 Washington Terminal 2%s ser A—1970 F-A *51 F-A •*__ 72% 77% Westchester 1950 J-D 1967 J-D 107'/a 107'/a 55 96 88 87% 89 78 86 Va 85 85 86% 54 85 J-D Co— RR ' 101% 1961 J-J 1994 5s J-J 87% 87% 87% 2 84 79% 5 79% 84'A 4 113 113 111 Va 3%s Power 3%s Shore 1st Union 116% 30-year gen 4s series A A-O 89% 59 89% 98 gen 6s series A 1956 A-O 101% 100% 101% 45 100 Va 107 2%s gen 6Vis series A 1956 A-O 103 Va 103 Va 105'A 28 103% 110 1996 J-J 104 J 08 St Louis Div 1st gold 4s 1951 Southwestern Bell Tel 2%s debs_„1985 3 Vis debentures 1983 J-J ASpokane Internat 1st gold 4Vis__2013 Standard Oil of Calif 2%s debs 1966 Apr Standard Oil (N J) deb 2%s 102 Va 102% 30 97 Vi 9 A-O 96% 102% *105% M-N 1971 1966 Swift 1972 J-J 1973 M-N & 27/as Co 2%s debs debentures Wilson 3V4S Co & 1st 1970 § A 1st A Certificates of deposit §ASu & Du div & term 1st 4s Winston-Salem 98% 101% S B 1st Central general 4s 20 100% 101% 59 80 Va 86% 101% 99 101 Si — __ — 99% 97 98% 98% 4 99% 99% 2 103% 23 102 Va 104" «r'— 112 % 113 J-J 99% 103 103 v •' 99% 96% - Ry— 4s 75% 78 52 44% 42% 45 72 M-N 125 74% 49 Va 41 Va 46% 41 Va 1976 J-D *3'As 1971 J-J Service 78 74% 77% J-J 1936 Certificates of deposit Wisconsin Electric Power,2%s Public 99% 101% 100 Si ' A Wisconsin . 100 141 „ *97% " J-J "T 99% 100% 100% *100Si A-O 1960 mortgage 3s 102 100% 99 Va J-J 1958 D 101 *100% 100% M-S 1967 1949 series 97 ^Wisconsin 100 Va 99% 10 83% 83 J-D mtge 63% 62 101 % 26 ■" 100'/a 101 J-J 1992 1st 96% 97% 101 Va M-S J-J 103% 101% 100 ■ M-N 94% 1 83 1949 102 y4 _2 99% 100%,. J-J 1973 Wheeling Steel 3'As series C 52 98 V* 98'A 152 101 M-S Gen & ref M 2%s series A 98 V4 101% 101% 54% 52% 100 101 1951 2%s Mfg debentures 20 96 109% 54 12 • M-N IP'77 & debentures 97 95% 96 108 32 99% 100" 1951 30 J-J 3 56 Va 52% May Wheeling & Lake Erie RR 4s 105% 45% 102'A 102% F-A Sunray Oil Corp 2%s debs 46 *41% Westinghouse El 104 96 103% 107% '55 1960 2.65s conv M-N 106% • 1950 4%s estate 5s & 111'A 1 **2 99% 106% 1001/4 Telegraph Co— Funding & real 25-year gold 5s & a_ 99% 56% 54 & Memphis Div 1st gold 5s 55 51 i.— 105 % 100 Devel 90% 55 106% 108% 108% J-J M-S A-O Devel 89 Va 1966 2361 M-a Devel 1956 series I guaranteed 4s 2361 Western 95 Va, 93% 13 93% 93'A 113 gtd Registered 87% 79% J-J J-J stpd 5s Western Maryland 1st mtge 4s 1952 Western Pacific 4%s inc A Jan 2014 101 100 — West Ltg mtge West Penn ■ 1986 1996 mtge 2%s series E 1st mtge 2%s series F 1st mtge 2 Vis series G Southern Ry 1st cons gold 97 *100Va 104% ' 92% 96 % (subordinated) Warren 95 Vt M-N 92 87% 2 *105% 105% M-N 96% 100% 2 105% 105% 105% 1970 98% M-a 1st mtg 3%s ser A-1975 Pacific debs 97 1977 A 99 Va 98% "5 88 97 1969 (Oregon Lines) 4Vis 4Vis 88 94 Va 96'/a 72 Va 1981 4 Vis 100% M-N debentures 3V4S_1976 conv 76% ,96% Baking Co— Gen Gold 100 74 96 Co— Gold M-N 70% 2 98 % — *98 Va J-J Indiana 70 % *'97 Apr 83 80% 80 Va 70 % Apr (Hiram) G & W 2%s debs_1966 Walworth Co Ward debentures *80% Apr - 96% 123 — Gen mtge 4s inc series A Jan 1981 Gen mtge inc 4'As series B__Jan 1991 1st mtge 3V4S series B 1971 54 25 100 102 Va 102%,. 2%s 1st ■ Wabash RR Co— 97'A 96 1 5 96'A 123 Vs 2%s Southern Southern • 96 Tel & Tel Co— debentures 1st ~2 54 W 69% 95% 101 96 Vi 62% 105 96 Va 54 101 J-J 21 " ~5 97% 97% -105 % 95% •» 104% — 97 % 105% Terminal RR Assn of St Louis— Ref & Ref Corp Texas & New & ref & ref Orleans M 1st J-J 1985 M 3 Vis A-O - B . series C 1990 2000 J-J Texas 1st 101% 105% 37 105 106 96% J-D 1985 Pacific & 116% 99% 5 105 Ve 96% 2 96 99 A-O 5s Gen & ref M 3%s series E Texas 115% 7 #■•101% 101 % 105% Yonkers RR— series 3%s M-N 1970 116% 116% A-O 1965 deb 3s 1st - 2019 imp M 4s series C imp 2%s series D & Texas gold Pacific-Missouri 93 7 127 5 118% 19 97% 92% „ ■' 127 99% 98% 98% a 97% 92 included 127 Third A Tol RR of Ave Ry Adj 1960 1st ref 4s income 5s J-D 8 52% 55% 128 26% 25% 26% 278 21% / range n 95% J-J 94 94 not sale the year's range, d Ex-interest, e Odd-lot sale Under-the-rule sale not Included in the year*a range, r Cash Included in tCompanies reported as being in bankruptcy, receivership, or reorganized under Section 77 Bankruptcy Act, or securities assumed by such companies. . > in the 71% year's y Ex-coupon. range, impaired by maturity. . ■ . .. of 45% 102 *Friday's bid and asked prices; 99% ' 99% *99 „ 1976 not 98% 98% M-8 year's sale the 102 50 J-D 1961 the §Negotiability 100% 54% A-O impt 3%s__ 1960 Tri-Continental Corp 2%s debs 101% 101% J-J Jan 1960 - & Ohio Cent ref & .101% Power 2%s included Pacific— Orleans 3%s_. 1974 New in & delivery not 101% * Term Elec Lt Deferred IOO'/b A Bonds no sales being transacted during current week. :/v' selling flat. ...v..-v'\" 1 . NEW YORK CURB EXCHANGE WEEKLY NOTICE—Cash in footnote a in and the deferred week in delivery sales which AND YEARLY RECORD disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range are shown No account is taken of such sales in computing the range for the year. are they occur. In the following extensive list we furnish a complete record of the transactions on New York Curb Exchange for the week beginning on Saturday, April 30 and ending the current Friday, May 6. It is compiled from the reports of the Curb Exchange itself, and is intended to include every security, whether stock or bond, in which any dealings have occurred during the current year. h--'.■' RANGE Friday STOCKS— New York Curb • ACF-Brill Motors Acme Aluminum Acme Wire Adam Hat Co Range Shares Alloys Range Since January 1 Low 2% 1,000 10 1 IVb Jan 3% "3% Jan American Fork & Hoe 4% Jan American 1% Jan 7% Jan 7% Jan 700 8V4 Feb 200 5% Mar 6% 500 5% Feb 7 Apr 92 Va Jan 95% Associates Inc Alabama Great Alabama Power Alaska Alles Fisher 1 J) 4.20% Internat Allied Products 9% 6V4 6'A ~6'A 6V4 6% 100 94% 94% 94% 5% 5% 5% 3,600 16 16V4 250 x6 6% 1,900 _„3 - 50 pfd^_ Inc 83 •r 200 1 common Allied - 1 Appliance Southern Airlines & (N Electric 9% 500 Jan 3% May 1% Mar 9% 3% 3% 1 Air-Way Investing Corp (Mich) common Power 32% • Air Cities American Apr 2 Agnew 5 Jan 91 3% Feb V 10% Mar Class 4%% $2.50 American Jan 10c 1 1 American Apr American 6 Apr 5 6 % Hard Rubber Co__" Jan Mar American 2% Feb 3% Apr American 17% Jan American Metal Products Mfg Co common Maracaibo 20 25 25 6% 1 Altofer • Bros Aluminum $3.75 Co common of America cumulative common preferred • x6 5Vb Mar 6 49% 46% 49% Feb 2,900 46 % May Jan 6 Vb May American Meter Jan American Potash Mar Class 9% 54 96% 97'% 150 93% 98 'A Mar 23% 100 23% Mar 26% Jan 450 5% Feb 6% Jan Amer 45'A 46% 1,700 44% Apr 51% Jan Chem class A Jan 18% Jan 45% May Jan 113% May 2% Jan 111 50 - 2V4 600 2 Vs 250 27 Va Feb 31% Apr x33% x33% x33% 100 32% Jan 34% Apr 13% Jan 2V4 13 22% 22 Vb 23 300 24% 24 25 5,400 17% Goods Industries Aluminum Ltd Mfg * common * common 23% * 3% 4 Vb 8% 8% 45% $6 series preferred American Bantam American American Car Beverage Book For footnotes Co class A common Co see 1 page 35. Writ.ine Paper common 5% U % 64 64 1? Apr 1% Jan American IVb % Jan 1% Jan 40 preferred Anchor Post Products 2,400 1 100 Thread 61 Feb 66 Jan Angerman Co Inc common Feb 51/4 Jan 8 Feb 10'A Jan Jan 36 600 34 Feb 41 24 Vs * 25% 175 23'/8 Jan 28'A Mar 900 22% Jan 28 V» Mar 21% Feb 25 Vb 2% Jan 24 Vb 24 24% 21 Va 21% 22 2 3% 3% 10c Va 2,300 400 % 75 3 Va 13,100 650 77 58 Jan 5% B 7 "5% — — —— ■■ 500 — — % 77 Feb 4% 5Vb Feb 6% 4% Mar 5% 71/4 8 Feb Jan 3% Mar 1/4 Mar 4% 0 1 15% Mar 31/4 16,900 35% 36 * American -Mar Feb Apr Mar 31 100 8% ". Mar 14 100 14V4 "3% 10 Republics Seal-Kap common Superpower Corp common 251/4 25'A 31 " Aluminum Aluminum Apr Jan 22% __ 14V4 Jan 12% Mar. 50 13 • American 6% & Feb Feb 17% 29% x30 V4 2 * B * American 23% 6V4 100 Co 6% 37% 1 Altes Brewing Co High 1 350 113% 113% 2% 25 common Mar "12,600 45% -1 Co 6 x30 % 25 Laundry Mach Light & Trac common preferred 15% Mar Low 300 18 43% 45 100 Corp common preferred convertible preferred 3% 1 5 19 com preferred Apr Range Since January I High 17% * common Electric & convertible Mar 6% 1 Gas Shares Light— B American General $2 & Sales for Week Range of Prices Low Par High Aero Supply Mfg Surpass Shoe Stores.^ Ainsworth Mfg common.. Sale Price Week's Last New York Curb Exchange 21V4 Mar 2 I '. Inc 6 Friday 1 common MAY STOCKS— High warrants Stores ENDED for Week of Prices Low Par • - WEEK Sales Week's Last Sale Price Exchange FOR f Jan Apr Jan Apr Jan Mar COMMERCIAL & THE (2016) 32 ■» ». RANGE y EXCHANGE CURB YORK NEW Monday, May 9, 1949 FINANCIAL CHRONICLE FOR WEEK ENDED MAY 0 Friday Friday Sales Week's Last Range of Prices Sale Priee New York Curb Exchange Low Par for Week New York Curb Range Since January 1 Shares Par Argus T 2% 2% 8% 7% 8% 104 2% Feb 8*4 2*4 May 5*4 3,200 24,100 3% Jan 8% May 9% May 8% 9% 61,800 5% Jan 10% 1,200 10% Jan 10% Clayton ft Lambert Jan 8% 8*4 500 6% Feb 8% 17% 1,800 16% Feb 19% 22% 22% 200 21% Mar 23 % 8% 8% 700 7% Mar 8% Apr Jan 7% Feb A Mar % Jan Feb 22% Jan * 1 preferred Aspinook (The) Corp ... - f American dep rets reg 7 £1 Associated Laundries of America • Associated Tel ft Tel class A • 0 "A Id 20% —— nr 100 20% 25 1 Atlantic Coast Line Co 2% 2% 2% 5 % 5% 4,600 14% 2,500 Corp warrants Atlas Plywood Corp —1 common 4% 10% 10% 200 20 — com- I - ■' —. --- —— 11% 11% 11% 8 5 25 7* 4% Mar Jan *• 36*4 32% Mar 100 35*4 100 C8->:\ 8 ——1 7 4% 4% 4% Jan Beau-Brummel Ties ■ 14*4 14*4 6% 6% 400 r —J common Apr 10% 5 Bellanca Aircraft common Bell Tel of Canada common 1% 36% 7% 36% 300 7% 7% 7% May Jan 26*4 Jan 38 Jan x45 Apr 1 13% 11% 10% 11% 6% 9 350 (HO) Co common 5*4* prior cum pfd Borne, Scrymser Co Bourjols Inc • 3 5,200 2% 6 650 23% 33 — Bridgeport Gas Light Co— Bridgeport Oil Co Brlllo Mfg Co common Mar 74 Mar 21% 7 • 15% Jan 18 5 y8 100 4% Jan 6 21% 22% Oil Co • 21 21 21% Apr 15 Apr Feb 15 Jan Apr 10 £1 11% 11% £1 Amer dep rets ord reg British Columbia Power class A Class B 9% 10 % 75 9% Apr 10s 1% <1% 100 1% Feb • 22% — • Brown Form an Distillers —10 Brown Rubber Co common Bruce (E L) Co 1 common '• • Bunker Hill ft Sullivan Burd Piston Ring Co 2.00 600 2% 9 Anr 10% 1,200 Feb 5*4 Jan Feb 9% Jan Jan 16% 12*4o 20# 20% 4*4 Jan 10% Apr 6,200 1 am, Mav ;7. 2 12 • Amer 9% Feb 12'A Apr % 1% 11 Jan pfd 3% 1,000 3% Jan 32% 34% 4,500 30% Feb % Jan 6% % 1 preference —.— H I ~4% "4% "in Duke 12*4 Mar Class B Capital City Products 7% Carman ft Co ~7% ~7% "7% 5% Jan 7% Feb 6% Feb 7% Mar 20% Jan , 125 20% Power 22 East Gas 3% 1,800 3% 14% 22 Feb 1 10*4 7% 7% 700 7% May 9% — __ 2 > - I . "9% 1% 1% 1% 15 8% 50 8% 8% 100 45% 46% 200 3% 15 1,200 3 40% —' — 3% 21 May 7Va Mar >7 — 46 1% 1*4 May 8,100 15 10 — y ■ 8% 3% 30 30 Apr 48 Jan 28 4*4 Mar 3% 100 100 74% 74% 77 60 10 10 200 1 1 common — 30 3*4 Feb Mar • 300 1,600 v: 15 - Jan Jan Apr 6% 132 500 2 20 300 Feb A '/> Apr 14% Jan 10% 11,000 2% Jan 25 26% Jan ' 200 1 — - • 13 10 10% 700 9% 63 150 60% 77% 79 75 ' -- ?7% Jan 3% Mar 32 14% Jan Apr Mar Jan Apr 22 Va 13% Feb 20% Mar 62% 10% . Jan Jan 6% 100 13% 13% 13% • Jan 12 400 32 —•' _ 2% 23 Vb f 3*4 32 ■' Jan 10% May Feb 65 ! £1 ord reg 29 Apr 32% 74 Feb 79 200 2% \ — ■ d: V. « Apr 1% Jan Jan May — —r 7% Feb 2% Mar Jan Feb 11% 4% Mar 10% Mar 5% Jan 12% Jan 10 • v>; _ ■ —— 2% 2% • _ 6% ■ 1 Co Feb 2 -20 Sugar 69 May 77 Feb 750 69 Feb 75 Apr 3% —, 4% 37% Mar . ~2 2 500 2 Jan 37% Mar 2% Feb Jan Apr 63 Jan Apr 54 % Jan • 56 53% 56 75 53 • 47% 47 47% 75 47 12% 12% 100 11% Mar 63% 62% 63% 225 60 6% 6% 300 . Associate#— —I shares of beneficial lnt 1 • ft " 162 14% 42,900 170% 13% 14% 168 $7 2d pfd A—* 1,490 8% 8% 8% 11,900 12% 1 12% 13% 2,500 6% *-0 13*4 10c 1% 200 600 1% 2,800 34% 1%, 34 6*4 13% 6% 13 1 Jan 10 150 14% Apr 170% May 8% May Feb Feb 6 Jan 9% Jan 13% May 101% Apr Feb 7% Apr Feb 13% Apr Feb 5% 11 1*4 32 Feb 1% Mar Jan 35 % Feb ' 4% 4% :400 I. 74 1 1 —1$ Corp 10% 140 97 100 -1 Equipment 13*4 Jan 64% Jan Mar 6% May " I—I Share eommon— warrants Derrlok * • ] " Ltd Eureka Pipe Line common Feb Apr 425 71% 3 71 Esquire Inc Mar 5 4% 3 70 70 69 Eureka 3,100 69 ft Fuel Assn common— .% 18,500 15 15 13 15 100 Mar 4 % .14 ; 4*4 Mar A Jan Feb Apr Apr Jan Feb 18 Jan 36 4% Jan Jan 60 Ve 6% 63 85% — — Voting trust ctfs 15 Jan Falrchlld J Fansteel 14% 800 12 Va Feb 4% 4% 9,900 3% Feb 12% 11% 12% 7,500 8% Feb 61 61 10 59% 1 ft Instrument I* Engine ft Airplane Metallurgical 4% _• — 55 5 ; >; — 3 . — 7% 63 6% 900 3 100 First York Corp common 7% Feb 7% Mar 5 May 3 Jan 3% 3% 3 % 1,000 7% *700 . Jan Feb 9% 3 36% —10 (Phila) Fire Jan Feb' 35 % — Association Apr Mar 5% 7 — Feb Feb 5% — — Jan Apr Jan Jan Apr 4 Jan Fishman .'• Be to CoStores 6% Mar 7% Mar 7% Jan 10 Vb Jan - $1 - - Amer dep rets ord reg- Ford Motor Ford Motor of • 11 225 Jan 225 10% Apr 57% Mar 13% 63% 64 % Jan 14% 25 14 Va Mar 17% Feb Franklin Simon ft Oo Ino common. 8 Vb 9% 2,100 6 600 6 — 8% 8% Jan 10 Apr 28 16 16 50 14% 65 % ; Jan 2% Jan Apr Jan Mar 33 ■ Jan Feb 16 May 4*4* »nn«r conv ifxan preferred A* 5% 1,200 4% Jan 20% 20% 100 17% Feb 21 21% 21% Mar 23 5 5% Feb 21% 50 20 Jan Feb ' 11 10% Mar 2% 75 -- 7 - France— Amer 14*4 Jan 600 28 Apr < 62 9 ' „ * 11 J 1 £1 - - — «2 —— . of Canada— Class A non-voting 0 — 2% 28 ■" Jan 5% Mar Ford Motor Co Ltd— 10 — 61 2% . 1 16% 13% - (MH) Class B voting- - -10O $8 dlv cum preferred dep rets bearer Fort Pitt Brewing Co Fox (Peter) Brewing * 35. 88% 5% 320 — — 500 . Cherry-Burrell common Chesebrough Mfg common Chicago Rivet ft Mach Chicago ft Southern Air Lines 79% May % _ 1 —50 1 8% 300 8% 500 8 —— '8% 8*2 8% .1 .1.28 8 700 ' ■ ' 8% 9 *4 Apr 400 Jan 8% May 10 Jan 7 Mar 9 Apr 8 Jan 8% Mar .25 Va 23% Mar 1 ; 5/a 5,400 % ■ 7% Feb ' | t , Apr 9% 14 "3% V Apr Mar 9% , Feb 9% Jan 15% Apr 600 600 9% Jan, 133 Jan Jan 2% Feb 8 11% Feb 21 '/a Jan Jan 32 ,' Feb 11% Jan 6 3 9% May 20% r 9% • Equity Corp common $3 convertible preferred 13% Mar 74% May 9 % Mar — ~6% 62% 2.60 10 • 33% ; Mar 26 ■ 2 page 6 14% Jan 2 2*4 > .100 Emsco 111% Mar 2 800 1,900 10 see Apr Jan 105% May 8% Mar Jan 5% ■ 9% 14 • Empire Mill work Corp Apr Feb x4% Mar '.J 4. 4 10 common Inc common footnotes Jan Apr 117% Mar - •30 — 9% • Empire District Electrlo 1% pfd 1 — — 30 100 Chamberlin Co of America For ' ' 2*4 21 .10$ Option Apr 3% Feb V Mar 12% __ 3% 100 preference Charis Corp 102 1,300 • 10 Co Fairchild Camera Conv pfd opt dlv ser Conv pfd opt dlv ser 1929 Cessna Aircraft Co Apr 7% . Electrographic Corp common Jan 2 — 3% 100 (Central States Elec 6% preferred—100 7% preferred 100 Conv 14% 2% 3% 46 Mar > 1 A- Easy Washing Machine class B— Jan 109 3% -1 3.50% preferred Central Ohio Steel ProductsCentral Power ft Light 4% pfd Century Electric Co 8% Apr 13% Jan • Jan 12 V'.V-* 7% .14% ■ • ''i— 9% ' • Electric Bond ft Central Maine Power Co— Century Investors % Mar 1% Jan 30 - r 2 ' (AM) ft Co Catalln Corp of America „ Feb Mar , 75 J 2*4 W 'A.; 1 Chem Oo Ltd Electrlo Power ft Light 5 1 — A 7% £1 $5 pfd shares of beneficial lnt-. Jan * Castle Feb - Apr Apr 31 - • preferred series A$6 preferred series B Jan 2s 0d Carter (J W) Co common Casco Products common 1 Jan 100 X12 ■>' > prior preferred preferred- Com 7% May £1 825 X12 1 $7 Ltd— dep rets A ord dep rets B ord . 5% Mar 10 class B Eastern States Corp. — \,r 100 1 1,100 . 30 ; Jan 7% 5 Eastern Malleable iron. Jan 7% • 14% 105*4 105% 105% 43 Feb 41% ; 6% 5*4 1,200 ft 2% :• 3% • ;5% Mar 712 v 250 2% 41% 6% Mar 7% • • 1,800- 12% 7 43 4% * Eastern $- Carr-Consolidated Biscuit Co Amer 21 20% — 300 • 2.50 common 7% - Apr Jan 42' 8% Mar Feb • Carolina Power ft Light $5 pfd Amer 4% May 3% Feb 13,700 • 1 7% 6% : > 6% Mar 400 ■7 2 % ;~2% 8 ord reg ft Amer deo rets • 1 1,000, 8,100,. 5% 12% Feb *. 36 % Mar 6% ■: v fa':v!6*fc Mar Jan ? 4% ; Dunlop Rubber Co Ltd— 100 Carey Baxter ft Kennedy Inc Carreras 200 5% • common % %• 14% . Jan • Canadian Industries Ltd— 7% preferred Canadian Marconi Carnation Co 4% Feb 7 J/4 4J8 Canadian Industrial Alcohol— voting non-voting 300 -1,800 i 6% —100 Driver Harris Co 20 Canadian Canners Ltd common Convertible preferred Class A 3% — 8 Camden Fire Insurance— Canada Bread Co Ltd Canada Cement Co Ltd common 15% ,J 5% Mar Jan — 1 • 4% 50 , (5% 8 eommon— Duval Texas Sulphur. 00# £1 Calif Cotton Mills Co California Electric Power Jan Jan 2,000 ; 6% % 88 florp nrappr 2% Mar Feb — Dominion Textile Co Ltd common C Calgary & Edmonton Corp Ltd Jan A 8*4 73% Durham Hosiery class B common. Duro Test Corp commonII—1 . - , 2% ■ Feb % 40% •15% • American dep rets 5% Calamba Sugar Estate Apr Jan 7% Mar ,, 40% 5% . Jan Mar 14 28% 1,000 .1,900 8% ' Tar Duraloy (The) Cable Electric Products common Cables ft Wireless— 1 % Feb :?€% .. Jan 3% Jan •, Mar 2,100 ?6% lOo Dominion Steel ft Coal class B Jan 100 dep rets Dominion Feb % 1,800 12 Apr 12 103*4 v.:'1 Jan ...1 5 —60c Domestic Credit Corp class Dominion Bridge Co Ltd- Jan 100 A 1% • 22 % 6,500 10 3 .7100 12% 12 • 83% Mar : , 400 1 5% 1 Dobeckmun Co common 5 May 11% Mar % 1% — Apr 100 15% 10 % lb 100 1,100 5 XI4% 14% 7% 500 11% 5 1,400 17% May 3 1 V Distillers Oo Ltd— Jan 4% 8% 87% ' 12 % Mar Jan 17 2 -I.oe eommon— Detroit Steel Products Jan 1,000 11 n 1 Burma Corp Amer dep rets Burry Biscuit Corp Butler (P H) common 2 *4 May 2% 9% 16% —* 84% 0 Foundry Detroit Gray Iron Devoe ft Raynolds Apr 5 8% — 2.50 Bruck Mills Ltd class B Buckeye Pipe Line 23% 21% Mar Feb 4% 2% f>. —- 2,300 .2.00 Derby Oil Co common Detroit Gasket ft Manufacturing- Jan 2 Ino Delay Stores common Dennlson Mfg class A 8% debenture. Jan 9 1 Junior pfd 300 23% -17% J an 9 % * n«y MinftR Tnn V . _ Dayton Rubber Co class A 21% May 19% Mar 200 Jan 2,900 D Davidson-Brothers • British American Tobacco— Amer dep rets ord bearer Amer dep rets ord reg British Oelanese Ltd— Feb 11% 8% 0 100 Mills Hosiery Davenport Feb 11% 3,200 Apr 13 % 13 Apr 103% .>■•% —* -10 Lighting Inc common—— Mfg Co (Mo) .Apr Jan 2,200 .27 2flo ; 8 100 12% 1 common 7*4 May Jan 58% •160 33% preferred Curtis Jan 12% - 67% '3 1 Brewing Oo Curtis Apr 5% 5 13 100 , 113% "l Jan 1,800 • Class A- 7% 66% Jan Apr 16% • Apr Feb 16 1 Feb 32 % Jan Jan 16% 16% 28% Jan convertible preferred 5% 5% 7% Mar Apr • • 75 109 • preferred class A Cuban Tobacco Jan 62 20 Brazilian Traction Light ft Power Breeze Corp common Jan 3*4 Feb 26 100 Jan 5% Mar 170 786*4 • —1 Cuban Atlantic Sugar common 11 % May Feb 24% 25% Apr* 4*2 40% <17% 1 Oo Crystal Oil Refilling common $6 preferred Jan 7% Apr Mar 2% 3 14% 13% May 350 • common Bohack British-American ; Distributing Co Inc Crown Drug Co Common Apr 35% 13% 4% 31% m Apr 9 • 13 Yb Jan 1% May Feb 7% 17% 4 Crosley Motors Inc.. !__Ii Crowley Mllner ft Co_ Crown Cent Petrol (Md) 0 Crown Cork Internat'l "A" partlc. • Apr 37Va —,• Convertible preferred— Blckford's Inc common V Blrdsboro Steel Fdry ft Mach Co com.* Blauner's common J 1 Blue Ridge Corp common 4 18,700 Jan 11 *4 1 Croft Jan Jan 2 Feb 400 Apr 12 101% 102% Creole Petroleum Mar 5% 10 Jan 33 % 1 —1 14 Feb Mar 8% Mar 20 Apr 7% 4 65 —00 Courtaulds Ltd— v ~ 7 American dep receipt# (ord reg) —£1 Jan 6% 200 1 Benrus Watch Co Inc Benson ft Hedges common cum 16*4 Feb —I 5% Feb * $1 ' (AS) Shoe Corp Blumenthal (8) ft Co Feb 5% , Feb Jan 4% 112% 113 112% Liquidating Corp. —• Smelt Ltd——0 ' Jan 6 13% 100 1 Jan 1,950 1 Utilities Gas Corroon ft Revnolds common Seellg Mfg— $1.20 convertible A common Basic Refractories Inc Baumann (L) ft Co common Apr 5% Jan 7% 66 V.y * 100 100 Cornucopia Gold Mine# 8% Mar Feb 4% Mar 8,300 34% 35 - i. * Feb Mar 2,'750 31% 20 Cosden Petroleum common American shares Barium Steel Corp Barlow ft 35*4 35*4 8 3% 40O 2 1% 1 Inc Consolidated Mining ft 55% Mar 47% Feb 2,200 Jan 7 5*4 Mar 22 37%. 39 Va 4% 4% •-"38% Consolidated Royalty OIL. ———10 Continental Car-Na-Var Corp 1 Coro preferred 4% 49% Jan 2 800 4% :1% preferred, aeries O ConBol Locomotive— Baldwin Rubber Co common Banco de los Andes— Beck 48*4 Mar » 11% 1 Cook Paint ft Varnish Co 49*4 — Feb Mar 3% 3,500 5' 6% 1956. to Consolidated Feb 15 % Jan 11 Apr 4% Cooper ■■■ 13 17 7 Jan 6% Mar 1,300 6% Continental Fdy ft Machln# Co Babcock ft Wilcox Co 100 ^ • % 1% 4,800 30 27% '•4% series B preferred—— 4%% * Jan B Baldwin . 4% Consol G E L P Bait common , Jan 11 % Mar Vtc ext Jan 8% Jan ,23 ' 200 Hotel Commodore Jan 6 6% Mar ,5 ' 1% 6% < 2C 21% 200 ' . Jan 2 Compo Shoe Machinery— 200 ' 15 6'A Community Public Service 5 . 150 800 1% >27% - Colt's Manufacturing Co Jan 7% 'mm Jan 16 2% 2% ' Jan Apr * Jan 1 Avery (B P) ft Sons preferred 14 2% warrants 3% 7% 1 Colorado Fuel ft Iron 51% • Automatlo Steel Products Inc Automatic Voting Machine Ayrshire Collieries Corp 14 14% 4% 14% 1 May 39 50 Atlas Jan —— Airlines Apr Feb 2% May 900 5% Atlantic Coast Fisheries 16% 12% • Colonial Sand ft Stone Co Industries— Associated Electric 500 • Development ordinary Colonial 14% - . Cockshutt Plow Co common Colon 47% May 6% - 20 Club Aluminum Product# Co Jan Feb — Feb ■ Mfg——4 Apr 17% — Apr 1% Cllnchfield Coal Corp common 114% Mar 113% 8% 17*4 • % 38% .,..'>15%. 16 W. Co. Claude Neon Inc common Feb 1 — Mfg Clarostat Jan 1% 2,400 ; 45,700 10% City ft Suburban Homes Clark Controller Co Jan 105 *4 Mar Apr High ; V U 47% 14 ,V. 14 City Auto Stamping- 3*4 Mar Feb 5*4 Mar 103% 10% 9% 17% 15% Mar 2.00 Arkansas Power ft Light $7 pfd B% 120 2% Ashland Oil ft Refining Co conv 600 6 6 • 10 preferred $1.20 300 6 • Common class A non-voting Equipment Corp 3 Vb' 104% 3% 104% Arkansas Natural Gas common Aro 325 1 -1 10C 1 Inc 6% 16% 15% Low % 46% Cities Service common . Range Since January 1 44*4 1 Mining. Chief Consolidated Anglo-Iranian Oil Co Ltd— Amer dep rets ord reg Angostura-Wupperman Apex-Blec Manufacturing Co Appalachian Elec Pwr 4%% pfd Shares High Low , High Low High for Week Range of Prices Sale Price Exchange Sales Week's . Last STOCKS— , STOCKS— Jan "9% Apr f THE Number 4801 169 Volume CUMMEKU1AL & FINANCIAL CHRONICLE (2017) '4- NEW YORK RANGE Week's Friday STOCKS— : Last < Sale Price EXCHANGE ENDED MAY Friday STOCKS— Shares Range Since January 1 High Low New York Curb (DEmll) preferred— 5 % 14 3,4 5% V. 14 % Mar 88% 500 3% 300 2,500 15% Jan Feb j8 Krueger Mar,, 1% Low Shares Range Since January 1 High Low common Rubber 9% Co Brewing _1 — 20% I193/4 -1 20% 7 3/8 12 400 12 10 12 Mar 18% 125 7 —1 Co High Feb 103/4 Mar .19 Knott Corp common. Kobacker Stores.. Apr 92% 5% May l3^ Jan 20 % May 7% Jan Apr 6% 100 100 Feb 12 11% Jan 12% Mar May Apr Jan. 3% Apr 33/4 22% Feb 23% Feb 8% 28 preferred conv 1% 3 3/8 1% Alloys 7 1% -i Co • •General Builders Supply Corp com—1 6 % 14% 100 i i (tollman Mlg Co common Oeneral 100 .< * Co (IB) for Week Range of Prices Par Kleinert Sales Week's Last > Sale Price Exchange High Klein Gatlneau Power Co common- (► for Week of Prices Low Par WEEK Sales RatTfl '■ . Exchange New York Curb CURB FOR Apr 8% Jan Oeneral Electric Co Ltd— Amer Oeneral • Oeneral General • Oeneral < Georgia $5 preferred (AC) Gilchrist Glen 250 Jan 8% Jan 100% Mar 102% Feb 5% Feb 4 Jan 3% 3% 2,600 3% 3 4,000 2% Mar . -.2% ... 10 100 20 114% 115 150 100- • — • 31 95 * Jan 100 Jan 116 113% 106 ~5% 5% • Jan Feb 4 Jan 3,100 Apr 183/4 Jan 10 1,800 16% Apr 21% Jan 400 9% Apr 11 % 1 Globe-Union 5 Inc 7 17% • 14% 17 17% 10 '' M. 10 14% 300 13% Jan 14% 800 2% Jan * 1% Jan 38% Mar 43 Jan • (Adolf) Inc 21 24% Jan • Godchaux Sugars class A > Class : 74% Jan 80 Feb % Jan $4.50 prior preferred B . Ooldfield Consolidated Mines •Goodman Mfg Co Gorham Inc . Gorham class A U Jan 53% Jan 4% Feb 5% Jan 14% Mfg % 1 I 2 - .% "4% • . Corp common • Oreat Atlantic Non-voting :v - 7% 1st ft Pacific conv States preferred V,7't — 11% 7% 7 A. 100 / 700 7 : V 140 110 200 .103 % 90' 139% 140 24% 7 24% 24% 22% 22% common__25c 8% 8% 8% pfd— . Rayon Apr v of 23 S/8 l dep. 102 -i < Feb % Hecla 5% % 4% .; -1 : r :-: i w 1 i 1 1 1 100 10% 10 Va 10% 11 li 25,400 % 8% 66% Feb 78 % Apr 16 % Feb 20 % Jan 111% lllVa 50 111% Feb Lynch Corp 12 V« 100 113/8 Apr 13 VB 13% 300 10% Jan '133/4 Apr 14 % 14% 400 13 Feb 14 Va Apr 25 Apr 25 Apr • . * - v:7 1 12 Vs 8% 1% . MacJdntosh-Hemphill Co -Maine Public Service ,* Mangel Stores I Co corn- Baking Oo common «... 1 (The B) Co Mapes Consolidated Mfg Co Massey Harris ■ —— • ". ' * 7/7 — +- Jan Mar Feb ••■8% Mar V Jan , Apr 12% Feb 10 > Lock Hussman ft Inc common ft stock preferred. Hydro-Electric Securities _ _ 1 . 50 32-% 19% .:;4::;v • 36 36 36 1 ■' 7__ — 12 ■ 19 2V4 Feb 23/8 Jan 144 109 Jan Jan 4 Apr. 6 Apr 3% Apr 22% $2 Jan 11% 1,000 Apr 13/4 77- Jan 4 Jan 2 Feb 12% May 47% Feb Midwest Miller Oil Zinc Co • common Imperial Chemical Industries— Amer dep rets registered Imperial Oil (Canada) coupon Imperial Tobacco of Canada Imperial Tobacco of Oreat Britain ft Ireland convertible preferred 500 10>/4 Power & Molybdenum Corp Monogram Pictures 4.40% Apr Royalty -1 Iron Fireman Mfg v t c Irving Air Chute Italian Superpower Corp com cl A 1% Producers Apr Mountain Feb 22 Feb 7% May 73/4 Mar 11 Jan 11 % Jan 8% Mar 11% 47 Jan 55% States Tel Julian ft Kokenge Co common Tel ft Apr 3/4 Feb 1 Jan Muter 13% 3,700 12% Feb 14 1% 8,700 "53 k 400 300 Z * 1% Feb 143/4 Apr 3% Mar % 3,200 Jan 2% Mar 5%. 1% 17 Company • 5% 5% 1,200 ; 4% 4% 300 • Namm's 33% Corp Feb 6% A5% Inc 1 Kennedy's cumulative — _ Kidde (Walter) ft Oo. Kimberly-Clark Oorp— 4%% preferred Kings County Lighting — Jan 20% Jan Apr Feb Jan Hess footnotes see 2% Jan 10 V4 Jan Mar 25 Apr 12 Feb 16% Jan 4% Jan 100 18 % Mar 19% Jan 400 20 13% 325 3% 100 21% 21% 19 22 2% 2% 2% 7 6% 7 900 1,800 common 2Va 9 Feb Mar 22 May Feb 3 Apr 63/4 Mar 7% Jan Feb 32% Jan 83/8 Mar 10 y* 29% 93% 300 Jan 97 Jan Feb 24 9 Feb 30 Apr 91 25 89% Jan 91 98 100 91 98 2% 25 200 169 % 310 33 169 % 2% 168 1 34 V2 75 98 2% 8V4 Mar 3% Mar 33 3% 3% 500 13% 13% 13% 32 323/a 1,100 550 31% 100% 100 Va V 20 97% _• 100% 95 May 101% Apr 2% 167% Mar "3% Apr 176 37% Mar Apr Jan Jan Jan Jan 4% Feb 12% Mar 14% Jan 3 Va Jan Feb 7 33% Feb 103% Jan 5% 6 - 8,800 125 10 13 13 100 1 • 5% Apr 9% Fuel Gas 21% 100 17 Mar 24 24% 100 24 Apr 28 Apr 2.50 9 3/8 9% 300 Feb 10% Jan 10 12% 12% 300 11 Feb 13% Jan 9% 9% 100 9 Feb 12% Jan 11% 113/4 13 Jan 126 % Mfg & Stores common common Co Apr Neptune Meter - 1,300 3 Mar 5 Va 3% 5,800 23/4 Mar 3% Jan 32 Ve 32 323/4 80 29 % Mar 333/4 Apr 34 34 —— 9 % 8,900 8% 100 NestM Le 1 3 10 8 %8 8 700 Va 6% 1,200 7% 75/a 100 6 7% Jan NeT/ Haven Clock & Watch x7 100 10% 9% Mar 9 V4 Mar Feb 12 % Mar 4 % % 10'% Jan Apr 6% Mar 9 7% 8% Mar Jan 18% Jan Apr 700 Apr 3% Mar 3% 3,400 2% Apr 43/a 9 100 6% Feb 9 ■3 Jan May 16% Mar 14% Co., 79% 230 1% 6,600 Feb 5% 79% Apr 6Va Feb 79 % May 87 % 1 Jan 23/8 Jan 57 58 600 93/4 10 3/4 12,600 1% 10% 1% 800 1 Mar 3 1% convertible preferred & Arizona Land 8 3% New Jersey Zinc Mexico Feb 3 class A 13 11% 3V4 England Tel & Tel Feb Feb Jan 3 5 common New 9% 113/8 3% Corp 13 V4 Mar Jan Apr 9 1 30o Feb Jan 8% 8 173/4 Mar * common Mur Co '"'i ' wU'Vl .77' Jan Jan 9% Apr 8% 8% 8Ve 4 12% 11% May 4 3 1 Machinery (Herman) 300 3 Va 3 Va ' 10% 83/4 1 • 113/4 ■ 20 Va • ' National Rubber Jan 123% Mar 22 3A- Jan I 25 National Pressure Cooker Nelson 125 1 3% • common preferred National Radiator New 10$ common ... 1 1 page 35. ; I 1 (• Mar New Park Jan 5% Apr New Process 263/4 Jan 333/4 Apr N Y Auction 15% - 2% —• 105 3V8 350 15% 200 15 Feb 17 Mar N Y 3 • _ J— Mar 1,900 33% 5 33% — 103 5% 33% 5 • 60 1 Kirkland Lake G M Oo Ltd For _ Feb Mar 1% Mar 7% Jan Apr 67 Jan 6 Feb 11% Apr l3/8 Jan 13/4 Apr 56 Va " preferred King Seeley Oorp Kingston Products Kirby Petroleum 6 125 —i* Inc Key Oo common 4% pfd — 6,300 19 1 common Bellas National Jan 4% 4% 19 100 _ 8 % 13 10 National Mallinson Fabrics Jan K _ Feb N Nachman Jan National Union Radio Co— 6 % 23 Jan Apr 1% National Transit Kansas Gas ft Electric 7% 8,000 3% Apr 63/4 4% May 3% • Kslser-Prazer Corp 7% Apr Apr SOo common National Steel Car Ltd Kawneer 32 Va Jan 1% „ Apr 53/4 May 7 Jan Jan 100 -1,100 5 1 Feb 31% 2% 13 10 % • 1 - 8% 100 Jan Mountain National Preference Jan 7,300 2 Va Feb 1 Jim Brown Stores common 6% 6% 31% 6% Apr Apr 7% Jefferson Lake Sulphur Co Jan 1,000 12% National Breweries , Jan IV4 1 2,100 Jan National Jeannette Glass Co common Feb 9% Jan « 3% 10% May 98 12% 1 800 5% 7% 300 12 3/4 13 Mar Jan -5% 1H pfd cum Mt Vernon-Woodborry Mills Murray Ohio Mfg Co Muskegon Piston Ring common Muskogee Co common • 9 • 2% 110% 11 Mar 48 7% Jan 10 % 7% £l 6 Jan 7% Jan • 10 Jan 3 88 % Jan 20% shs_* Apr 1 1 common 104% 700 ~i • 190 2,000 700 pfd—100 5% common 400 ~7% Jan 5 Va 9 • 97% 54% 5% 2 108% 53% 109% 7% 73/4 • Light Jan Feb 3% Mar 53/4 l Montgomery Ward & Co class A____* Moody Investors partic pfd • Morris Plan Corp of America 10c 10% • International Safety Razor B International Utilities common t 11% ~7% Apr 6 108 3/4 25 50 4.80% cum pfd series B Monroe Loan Society com class A 14% 12 2 Vs 31%. 1 1 Mountain States Power shares c 50o common 12% 1,300 11% 50 t 10 Jan 17% 95% 53/8 ~i • Feb Feb 200 Jan Monongahela Power Co— 13% 12 153/4 Feb 1,500 • Co Co 4% • 17% May 17% May 13,300 107 • International Products Investors Feb Jan Feb 133/8 Jan 43/4 17% 12 96 coupon 10% 11% 11% 108 International Metal Industries A_ • 9 10 Cigar Machinery International Hydro-Electric— ■r Preferred $3.50 series Registered 6% May 16% pfd—100 International Petroleum 650 16% £1 Insurance Co of North America International 16% • Indianapolis Pwr ft Light 4% 7% 4% Mar * Registered ^ 6% £1 1,300 Jan 9% 7% Mar 5% flOo Missouri Public Service Illinois Feb 32% 3% 5 pfd Mining Corp of Canada - 1% 1 v Refineries Minnesota 37 45 10 Corp common Wohl 4%% Jan Feb l3/8 Mar 3,400 4% • Abrasive Mid-West Jan 14 V4 2.50 Midwest Piping ft Supply common 2% Mar 18 Co Mid-West 17% 7 % Mar 700 1093/4 109% 4% 1 dividend shares non-cum Mldvale Jan 1% 15 Midland Oil Corp $1 conv Midland Steel Products— Jan Mar 2 Feb 35 25o Middle West Corp— Ex-distribution Mar 21 79% Feb 5 1 6% preferred Micromatic Hone Jan — "?% 15/b 13% 100 Co Middle States Petroleum class A Class B v t c 323/4 May 43 ' 600 14 y4 Jan May 68 3/4 125 12% 2 Vb 12% 13 Va Jan 6% 13% 100 13% ■ l preferred Michigan Bumper Corp Michigan Steel Tube Michigan Sugar Co common Jan Feb Co Participating preferred Jan Jan Feb > , 27 % Mar • Metal Textile Corp common Apr Mar A Jan 31/2 May —— Iron 8% 19 V4 Feb Feb 6 ; • Mfg Co Chapman ft Scott Corp— 0%% Mesabl •Apr 17 Va 30 Vb V;: 75 3% 42% 107% ■ 11 31 ft Feb 2% 2,700 Johnson 2% " - 1 i common Warrants Jan Feb 136 1,000 4 . 3,000 4 Jan . 15 % Mar 300 75% 4 nil Ib 3 27 Va May 200 19 • Hygrade Food Products. 138 73% 75 % 1 . 100 - - <yVn»'I-, '■ 71'—'' 17 _ 350 * — 1st conv 15% 32 5 warrants- common 50 137. 32% • Refrigerator $2.25 pfd_ Oommon 2,400 - 3 Ve 48 Va ■>' 100 Jan 38 Feb 6% May 3,800 83/4 May , 6 Vs «... 1% Merrltt Jan 42% May Feb ■i'S'/'i 9 6 10 Feb 15% 14% May 40% r-5 Refining Mfg Oo 9% 27% 96 74 Feb 300 900 :7."- 1% Corp Menasco May Jan 3% 13 Va 103/4 Mar Mar «.W 3 14% Jan 11 "7 «.«. 1 Mead Jan 15% "6% • 10 common 8% • " 3 McCord Jan 9 -jt- 2% $2.50 preferred McKee (A G) & Co class B McWilllams Dredging Jan £•<: X50V4 9% Jan 51/2 .I'l'I;-.: 138 • 100 (Harvey) Oil Feb Jan 14% Jan 38 -*-:; II McAleer Mfg Co common 5% convertible preferred McClanahan Oil Co common Apr 93 375 14% 7 ——* common 43% 3Ve II" 15 preferred Humble Apr 113 ', 73/1 Mar __ 10 Manlschewitz Jan 68 1,600 27% • new "..V 20 334 8 S/8 — Hubbell 88 Va Feb M • 173/4 Mar v' lOVa Mar , ' 42% & Co ft Hardart Huyler's 100 7./ 7% 1 Hurd 10 ■- 1,000 y 74 74 ; .5 common A) U May Feb 77% Apr -9% Jan 6% - 50 ■ * 5 % <A 11 1,200 10% 103/4 1 Holophane Horn ■. 8%. Apr 8% Mar 1,500 7% 100 w Inc Jan % 200 Feb •h,V-1-% Mar-/ :,^;2% 2 1% Feb - >••• 200. 10% 8% , Holly Stores Tna (Geo Apr 9% 8 1,025 Feb 8% 6% Apr •.15%' May 45% 700 63/4 ft Co class A Horn ft Hardart 24% Apr 200 : 111% -Apr 13% .,7%. Mar . • 100 8% 10% 1 Holllnger Consolidated G M Co Jan 3,700 8% 6,200 ' ss i J preferred w w Border's 400 - . 13 Va ./"7% • • preferred Hormel 1% 13 • ; •' 400 - 1% 10% common 4% .. A 160 1% 8% ..m • _ Henry Holt ft Oo common Hoe (R) 15% 47' 1% ■ 1 5 550 46% 46% -1 Ooa. 500 9%*. 15% 25 A 00 21% 233/4 19 Vs Marion Power Shovel 4% 8% "9% TIr 5 Rubinstein common. Class Jan 76% - Mining Co Helena Apr 24% 86 International Marine Communication Co Ltd 4% • common Dept Stores Jan 25% May 23% — 183/4 106% Mar ,.13%, Feb _• Hathaway Bakerlec Inc Hearn 26% Jan 24 % — 8% 8% Jan 21% Mar 50 23 • Mar 7% 75 V» 38% Mar 7% Mar 100 Light Haseltlne Corp. 26 Apr 142 Feb 34% 300 Paper common Brewing Jan 6% Mar 25 «.<■# —• .1$ 400 Jan 8 F eb " xl36% 950 .....5 Hartford Jan Jan 11% Feb 7 • «... ctfs 200 85 V4 11% : 11% —- • Groceterias class Common H Harvard 12% 9V8 Mar 18 3/4 7%. Apr •5% Apr 35% no Electric Feb Feb 76 Va it- 200 34% Hamilton Bridge Co Ltd Hartford Jan Jan 10% 900 - Marconi Hammermill Jan 13 22% 3/8 3,400 85% 8V4 35% Utilities $4.40 Lamp Jan ft 20% Mar 11 10V4 .-v7 ' :' II Longlnes-Wittnauer Watch Co_ Long Island Lighting Co— Jan 25 Oyptum Lime ft Alabastlne n*n 6% Feb 25% 1 ft 1 /:;«% 10% no * 100 Grocery Stores Products Oulf Apr 100 49% Mar 5'J/k Apr 23 203/8 Mar 100 400 53A 1,500 Tea— preferred Oreat Northern Paper t ■ 10 '/a 5 23 preferred A ctfs of dep— 200 10% _1 - stock common 8% pfd—29 63/4 Mar '' Locke Steel Chain. Lone Star Gas Co. (Texas) ' Graham-PaigeMotors 9% Grand Rapids Varnish Oray Mfg Co Jan 6% preferred B ctfs of dep Louisiana Land ft Exploration Louisiana Power ft Light $6 pfd 4 3/4 56 Va 52 10 common Mar 3,700 50 - 5% % I Jan 52% 2 1 common— 200 6% Class B Oobel 8 Va 9% Mar % B Loblaw Jan 2% ■ Jan 1 Lipton (Thos J) Inc 6% Lit Brothers common 25 Coal 7% Apr Jan • Glenmore Distilleries class B 23 SI Lionel Jan Apr 1,900 I common Line Material Co Jan 9% Realty 23 Jan 13 3/4 6 Va 6 I 5% Jan 13 x7% I — Jan Apr 8% 100 4% 12 Va 8 13% 4 3,500 8% 4% 12% 1 La Salle Extension University Lefcourt xll% xll% 1 Leonard Oil Development Le Tourneau (RG) Inc Feb 55/s ' I —1 Lamson Corp of Delaware Lanston Monotype Machine Mar 106% 14% Mar i*i- — . May ,. Company L'Aiglon Feb 353/4 102 % 7 Laclede-Ohrlsty Apparel Inc Lake Bhore Mines Ltd La key Foundry ft Machine 6% Mar Apr 2% ~3~% . Mar 7% 200 31% 102 Va • common Co— Alden 5"% 1,200 8 7% 31% 1 Gladding McBean Ac Co i 7% __ • Giant Yellow knife Gold Mines .Gilbert 6% 6 G'/a 1 10 r Fireprooflng common -* Outdoor Adr 6% pfd 100 Phoenix Corp a 1 Plywood Corp common——50c Public Service $6 preferred—* Power $0 preferred • (Oeneral • J £1 dep rets ord reg Oeneral Finance Corp common 6 % preferred series A "•*" —— 2% - ■ 2% 11% 11% 700 1 Va 1ft 1,800 1,700 ... Jan N 9% Feb 12% Jan N 1 Apr 1% Jan 2% May & Mining Co Co Co 65 common Honduras Rosario Y Shipbuilding shares 75 250 Jan Apr 8% Jan 263/4 Feb 30 % Apr Apr 29 29% 11 Merchandise. Y Founders Apr 8% common 11V* 150 10% 18 18 100 16% • Jan 13% Feb 20 Apr Corp— 18 33 U THE (2018) COMMERCIAL NEW YORK RANGE Friday STOCKS— Last Sale Price Low Niagara Hudson Power 5% common 1st preferred 5%' 2d preferred optional warrants Niagara Share Corp class B com Class. B Nfles-Bferaent-Pond . • Mtpisxung class A. Rayon North American North Central Northeast North Securities 90 92% Jan % 1,500 y8 Feb 1,600 9% Jan 10% —-7% Jan < 500 8% Apr 10% 9% % bUO 28 Va 30% 400 28 id 12% "2% .. Northern Indiana Puh Sery 5% pfd.10® _1 : • 13 2% tfuO Northrop Aircraft Inc Novadel-Agene Corp 102 103 6% -5% 75 t*% 87 5%' 1 49 Ltd common Shares Range Since January 1 High Low High 13 Jan Jan Jan 2 Apr Bcullhx Steel 14 Jan 151/a Jan Feb 3y. Jan 89 Apr Feb 102% Feb Jan 11% 151/2 May Jan Jan eo Securities Corp General 8% l7/a 2%' 2>600 2'/4 3,100 > 2 2% 3% 16 3% £, 1% 3% , 1% 21% 23 14. 14. 14'/4 1% l'/a .1,600 V 3% 1% - 21% May 13 ' 28% Apr . 2% 2% Jan Jan Jan 2 Apr 17% Jan 1% Jan Feb Feb 16% 3% .Feb 19% Jan 73% Jan 78% Feb 78% Feb 1 10,100 2% . - Mar 15% Mar 2% Jan Jan 19%- Jan • 1% 'Mar' 5. stock Convertible Feb 2% 16% Apr " .1 Inc common Selected Industries Jan 1% 800 1,800 * 1 Jan •2% Mar Jan 31% 300 1 Jan 11% ,v'l%-> Feb -1 Seeman Bros Inc Segal Lock Se Hardware Selhy Shoe Go 81/2 19% •/ ,. 6% Mar 500 1% 22'% Feb 7 9,300 ' —• common , . 5% May 500 , 7Va :''2%/::/< Samson United .Corp 1,400 17; 16% 7% 1 Salt Dome Oil Co 6 5% 17 37 5% May 400 Corp preferred conv 37% May 101% 6,0u0 14% 14 14 10 Lawrence 1st Apr Feb 11% 600 I 2% 87 103 87" 87. 9.1/2 Mar 11 •' -30 Apr St pommon—i---—1; Savoy Oil Inc (Del) 1 25t Sayre & Fisher Brick Co .1, Schulte (D A) Inc common., 1 Scovili Manufacturing 25 Mar 1% -1 Co. Low Par Apr 100 131% 18 § Oil Texas RR Jan 7% • Airlines. Penn Apr % for Week Range of Prices Apr 96 y4 Sales Week's Last Sale Price Apr 94% 30 • Utility 11% IOO1/2 100 30- _• Class B common Jan 37,400 —9 Mines North. American 6 New York Curb Exchange 94 '/2 Mar 11 9 MAY High AW" ,8% >.-...1,900 5 Nineteen Hundred Corp common Low High ft - EXCHANGE ENDED Friday 97 10 Monday, May 9, 1949 STOCKS— 94 8 WEEK Range Since January 1 10% — L—i— Shares 96% 11 1 -—100 100 CURB for Week Range of Prices Par FOR CHRONICLE FINANCIAL Sales Week's New York Curb Exchange & 16 -v • Jan 75. 75/.. 200 Apr 37/a 3% 100 3 Jan 5 3 25 $5.50 18- 77 prior stock Allotment certificates 1&% 3 100 2% Apr ; 4% Jan Jk Jan u Apr 13% Jan . 1,400 I Semler O Corp Ogden Ohio Brass class Oklahoma Ola B * common preferred Natural Gas 100 i new 15 com Distillery.. 39% > 30% 30 Va Filters 8% class B 2 200 : 39% , 50 80 xl06% 108 1 Apr 31% 8% 100 8I/2 Jan 91/a 12% 7 i/a 14 ' Jan Jan 81/4 May Jan <7 Mar 14 Apr 14% May 1,000 8% Apr Feb 227/a Apr 11 1 Jan 30y2 2,700 Jan 40% Mar 112 2,100 141/4 .15% Securities «. Feb 3iya 1 O'okiep Copper Co Ltd Amer shares 2% Feb 35% Jan 1061/4 • Omar Inc Overseas 2 2 39% 108 • Pomdexter Oliver United Sentinel 30o common Co Ohio Power 4%% B) (R 1 1 1. —1 -• fl Inc Radio Corp common Control Serrick Corp class B Sentry Safety Seton Leather common Shattuck Denn Mining Shelter Mfg Co Sherwin-Williams Shoe Corp of America class A Pacific Gas & Elec 5% % Lighting 6% 32% 337/a 700 36 Jan 30% 30 y2 600 29% Apr 32% Jan 100% 100% 375 100% Apr 104% Jan 94 Jan 98 Mar 15 1st -23 pfd Feb 171/2 Mar 337/a -28 $5 preferred Pacific Power & Light 5% pfd—I 100% -100 Pacific Public Service com $1.30 1st 23% Paramount Motors Parker Pen 2% Patchogue , -1 I Patican Plymouth Co -1 Ltd common • Corp common Governor 150 231/2 150 27% 100 Jan 5i/a Apr Amer Coast Corp common South Penn Oil & .' Jan 2% 8,170 1 Feb 3 Jan 2% Mar 100% Jan 4% Jan 225 35% 300 3 3% 1,100 52 551/4 1,500 35% 1051/a 41'A 50% Jan 597/a Feb 10 Apr Mar i 11 Feb 137/a Apr Standard 7% 200 7 Jan 8% Jan Feb 24!% convertible preferred Standard Forgings Corp : 21S 1,500 2% Jan Jan ft 2% 1,000 1% Feb 2% Apr Apr 11 * 11% 1,900 Xl0% Feb 11% Jan '36% Feb 39 2% 2% 11 Mar __I_2.50 America Producers Corp of Nevada Prosperity Co class B 1 ~~ __ of preferred.. prior & $7 64% 62 Feb 69% Feb Standard-Thomson 17% 18 19% 3,100 17 Apr 25% Jan Standard Tube class B_ 3% Mar preferred 5% (The) 32% ' 750 8% xll 8% xlO% 1% 1,000 % Feb 3 Jan 3% Feb 500 71/4 Apr 8 Jan 3% 3% 200 2% Mar 27% 27% 1,300 27% 421/2 42% 27% 28% 1,800 29% 28% 30 6,200 27% 27 27% 1,800 24% 23% 24% 1,000 21% 2'% Jan 350 -16% Mar 18 Va — 9'% 30'/a 1% Feb Jan 11% Jan (Hugo) Corp Stop & Shop Inc Apr 1% Jan Stroock 81/4 Jan Sunbeam lQi/4 Jan Sun Ray Jan Superior Tool & Die Co Swan Finch Oil Corp 95% Jan 100% 9 51% Jan Feb Jan , 300 , 3% 6% May 2% Jan Stinnes 5 1 * • 25c • 1 18 common Corp Drug common Apr 21% Feb Jan 2% Mar Jan 3'/4 Jan Jan 75 Apr 20 Apr 24'/2 Jan Apr 5 % Jan 15 Jan •: 7 • May ;l'/a , Jan . * 7/a 800 V 31/4/. 700 .. . 625 10% 1- 17'« . 3% 67% • 300 % 2% % Mar rr. 3'% May ; Feb >i.- .;4% -fJan 10 *2,800 i I2V2 -Jan % Mar 2% "Apr 10% 13 13 150 31 Feb 12% Mar 10 Va Jan 13% Jan 41 Feb x28 Apr 100 5 Mar 16% 325 14 Apr 2% 2% 200 9% Jan 650 5% 16% ' „ 31% 5% 9% 75 Jan 12'/4 "7 Apr Jan 2% 11% ~6% ■' > Apr 7% 2 " 1,400 1 2% 139 2'/2 5% Jan 17 Apr 3 Apr 9% May Jan 11V2 "Jan 98'% Mar Mar 14% Apr .1% 112% 100 x2% 3 3 Va 250 Jan Jan 2V» 800 10 Va 500 30 Va 3% 3% 151/4 10% Feb Feb 200 10% 10y4 Mar 6% X21/4 3% Feb May 1% 6% 3% 19 28% 3 ■ Apr 4% Mar 1,500 . 1 125 97/a /'• 9 % Mar 3,600 .. 134% 136 • 981% 15, 10% 2 - 100 9% 29% 1% Stetson 11/4 Tq 19 30% Jan 7% Jan 18% Mar 951/a lO'/a Jan % 500 7 800 4% 200 '■.•Li 1.300 Apr/ Feb 4% 1 Co common Jan 31% 19% 4% ___1 com 39 Feb Jan Jan 2% Mar - 8% Brewers 941/a 31% 6% 6 % Mar Aluminum Products 26'/4 Mar 100 {Sterling Engine Co Sterling Inc.— 225 23% May 4% Apr - 29'/4 19 4% 1 _._20 Feb May 1,600 Sterling Inc 30 26% Mar 310 971/4 Jan Apr 29% Apr Mar 7'/a Sterling 97% 27% "% 450 Apr. 44 Jan Jan 7 71/4 21% Jan Jan Jan 3% 74 9% 18 —■ 21 7% Apr 37 100 73% 400 Apr 3% 36% '28 200 3 ... 95 a 95% 34 3 33% •'./: 73% 9% 98% 27% 40 27% 1 common 81 Co l'/a 141% 1 • (S) Apr 1,500 • 1. %,, 12% % 1 ; 2,000 8% 11 Jan 26% Mar Jan 7% Steel Co of Canada. (J B) 93 Jan 8% 3'/a Jan , Feb 7% Jan ■! 3% 3 Apr 321/2 May Jan 2% Mar 1,300 Stein 1% II* 8 % 1 Corp 38 Jan 81/2 May , Jan 236% 7% 8% 931/4 Mar 33 Va 7% Mar 3 . 141/2 " Jan Apr 25% 10% Feb 5% 41/2 I 88% Apr "9% "5% 1 Co Corp & Co Apr May 291/4 700 Jan (A) 16 Feb 223 140 / 3 2% 6V» Apr 1.200 1,100 .: 4% 4% Mar 2,300 6% •).».' 33% • com 3 ■ 6% 234 12% Jan Light— Puget Sound Pulp & Timber Pyle-National Co common Pyrene Manufacturing Products Superior Portland Cement, Inc 100 6'% 232 11% Mar 5% 6% 6% • _ 6'% — • 400 Standard Jan 13% Jan May 3% Mar 20 28 % May 6 '/a May 50 • preferred 200 11% 28% 1 —10 —1 (Ky) 38 Colorado— cumulative Oil Standard Power & Light com Common class B 63 • " Providence Gas Service 1 common $1.60 38 • . Corp 64% ;-:._100 " Dredging Standard 3 281/4 2.78 1 10 Co m 1 ± Brewing Standard Cap & Seal common Convertible preferred 1,300 10 common Puget Sound Power Standard 2,000 1% Mar 16 Jan •' ,T ' '.''1 1 T 6% Mar 10% 10% 100 10% May 11% Tampa Electric Co common • 29% 29 29% 900 26 Jan 29% Apr Technicolor • 14% 14% 15 Va 3,800 10% Jan 15% Apr 122% 50 16 Va 16'/a 300 15 10% 10% 700 10% Apr Taggart Texas Quaker 6% Corp Power & common common preferred • ; , 100 Quebec Power Co 87% 87% 145 14'% Jan 92'% Jan Thor Corporation 50 141/2 85V4 143% Apr 148'% Jan Tilo 175 144% 145% • Shovel 270 88 Va 13% Feb 14'% Mar pfd Light 7% Thew Oats 1 common Inc Co 5 common new Realty & Allied & . ' 5 1 common Roofing Inc Tishman Tobacco 122 100 Construction 10% 9% 9% 1 12% 12% 120% Mar 128 Mar Jan Feb 17% Jan 13% , Jan 10 1,500 9 '/2 May 10% 12% 1,000 11% Feb 131/4 52 Jan 60 * Stocks Jan Jan Mar Tobacco Security Trust Co Ltd— Amer R Aadlo-Keith-Orpheum option warrant®. Railway & Light Securities— Voting common Railway & Utility Investment A Rath Packing Co common Raymond Concrete Pile new com $3 convertible preferred Raytheon Manufacturing common Reading Tube Corp class A Regal Shoe 1/4 18% 1/4 18 1 7/a % Apr 15% Jan 19 May Tonopah Mining of Nevada 100 IS Jan 1 Mar Trans 24'% Apr 18% 7/a 24% 10 75 Jan Tri-Continental Apr 20 Apr Trunz 20 52'% Mar 56 Apr Tung-Sol Lamp Works com 8 5% 5% 6 3,500 5% Mar 7% Jan 4 4 4% 900 4 51% 3% 3% 3% 300 31/4 1% 2 Feb % Mar pfd F for ord dep rets Cable Corp Field reg common.. Inc l7/a 100 fThet Corp Apr 217/a Jan 20'% May 2 l'/a 600 2% 2,000 Ryan Aeronautical Ryan Consolidated Rvurunn Sr Havnps For footnotes 80c convertible preferred 1 • com Co Petroleum rnmmnn see page 35. 1% Feb 91% Jan U Feb II Jan 3% 400 3'/a Apr 4% Jan 2% 5,200 2'/a Feb 90% Ulen Realization 2% Mar 98 Jan 5 29'/4 1 5 29% 7% Jan 9% 200 9% Jan 111/2 Jan 200 90% 10 ■'*. V '. 1% 1 Jan 1% Apr 2% 2% 100 1% Feb 3% Jan L—• 91/4 91/4 500 71/4 Jan 9% Apr 6% Apr Jan Unexcelled Chemical Jan Union Gas of Investment 1% Apr 2'/a Jan $3.75 pfd series A Union Stock Yards of Omaha 100 Aircraft 50c 1% 1,000 Union Oil Co of California— Corp.— Canada Jan 93 Feb Apr 27 Chemicals 10 Feb United Corp Apr United Elastic Feb United Gas Corp common 100 61/4 Jan 6% 95 50 92% Jan 97% Jan 53% 55 90 53% May 57 Jan 2% 2% to ft 6% — ^ 95 ' Jan 8% May • 95 ft 4 Co 89 Products com— 8? 2,400 % 2% 6,700 33 • common 3% Apr Jan Jan 39 Mar - 8% 5 30 500 r 1,800 4 800 28% x67/a Jan Apr 5% 37 7% 1,000 5% 6% 4,800 7% 500 7 5-Va 5Va 100 5% Mav 6% Jan • 4% 5% 400 3% Feb 57/a Jan _1 4% 4% 100 a% Jan 51/4 Mar 7 Va 6% Jan 4% May —L 27/a 7Va ._* 1.25 24V2 400 10c —5 25% United ~8% 9% 9% 2% Mar Jan 5 24 ~4% ■ • Corp 211/4 8% 2% 4% U Feb 1 new common 100 225 1,200 2% 96 • 1 2 £1 "_5 10 common Royalite Oil Co Ltd Russeks Fifth Ave Jan 3 V2 Jan 17% • 5 Rotary Electric Steel Co Feb || Jan 60 % u. 2% warrants Inc Union 1 common 6% Jan Feb Mar U 2% 94% 96 1 1 United Pendleton Inc % 200 45 4 Va Mar 1% 150 Royce Ltd— Roosevelt Rowe May 26 Co— Rochester Gas & Elec 4% "ill ■:/ ' 2% Valley Gas Corp) v t c 5% "ll Jan 20% Amer 1 200 1 L__ Grande Rome Corp 541/4 • Richmond Radiator & 100 18% Rice Roeser Lux pfd 24'% 17% Rolls Corp 541% 18 (Texas Royalty 18% 1 Goods Jan 541/4 3 Dry IS • _* 1 Stix common 425 19 Reis (Robert) & Co Reliance Electric & Engineering Rio Toklan Corp 13,300 ft £1 5s 20 70a dep rets ord regis dep rets def regis Shipyard Toledo Edison 4'%% 10 6.23 Co Amer Todd Feb 5% Mar Mar 7% warrants Apr United United Milk Corp Light & 6% May 10 Feb — Railways Products common.. • 10 7 30% 300 17 16% 17% 15,900 28'/a 28% 14,800 16% May 21 Feb 19% 19% 100 75 242% Mar 9 — Jan 30% May Jan 21 19% Mar 28% 26 Feb 29 • • Preferred ft 1/4 Mar 3OV4 28% 10% Apr Apr Jan Mar 21 United Molasses Co Ltd— Amer dep rets ord regis United NJ RR & Canal 4% — 100 243. 243 } 107% Mar Mar 100 • Jan Starrett Co of Stahl-Meyer Inc 31/2 ' Metals Royalty Co Spencer Shoe Corp 21% ~~25o Inc Southland 2% 2% .2.50 preferred 13% • l common preferred cum Southern Pipe Line 7i/a 7i/a I Corp of Canada common^. Lambert 4.32% preference 13- .... 18 16 25 25 25 25 25 1 5 • preferred preferred conv 60 Jan Feb Edison— preference 4.48% 53 11% 105% Mar/ 10 Line "l% ~1% 13% 400 Jan 4% Mar Jan 9% 53 jan 51/4 Mar 32% Mar 3 Mar sharesl_ common Alexander 81/4 Mar 7 54% 16 12.50 common Pipe California cum 15,900 54 11% 1 1 common South conv ; 1 1,000 1 1 Corp original 14% Jan 13% 100 • Manufacturing Co Boss Manufacturing 5% 12% Mar 131/4 100 §Solar 4.56% Apr 13% 1 4.88% 22% 21% 13 £ 1, Paper Mills (Howard) Apr 8i/a 103% 104% 104% • 2 Scale 25% Jan 21% 13 Solar Aircraft Co Pa Apr 19% 21% • 1 * 100 dep rets ord regis Sioux City Gas & Elec Co— 3.90% preferred Southwest 3% • Amer Sonotone Jan Publications— preferred Singer Manufacturing Co___ Singer Manufacturing Co Ltd— Smith 2% 1,800 1,000 • Simplicity Pattern common Simpson's Ltd class B ,29»/2 Mar "1% ■ 50o 1.11111 common Mar 47 Apr 1% "• Mining Co Prentice-Hall $5 Jan 7% sy8 .'3% j. Pleasant Valley Wine Co 4%% Jan ;80 Apr Pittsburgh Bess & Lake Erie~RRl___50 Pittsburgh & Lake Erie— 50 Pittsburgh Metallurgical common " g Public Jan !157/a Jan 28% 2.50 Pitney-Bowes Inc Pneumatic 42% 200 24i/4 • common Johnson -Ltd Pressed i Jan 17 Jan 43% 111—20 (Mass) Pioneer Gold Mines Ltd Piper Aircraft Corp common. & 3 400 28' " Philadelphia Co common Phillips Packing Co Pratt "4% Jan liy2 Mar » 24 43% • Perfect Circle Corp •Pharis Tire Se Rubber 1st _4'/a 2% ~ (The) Pepperell Mfg Co 6% Feb 13 300 14 2.50 Pep Boys Powdrell 14 Feb Apr 4 241/2 Apr May 43% i pfd Power 19 14- 251/2 381% v' Apr 141/2 250 23 Traffic Co Penn Water & Power Co 1 100 23 preferred Penn Polaris 20,500 291% ~4ya Telephone cum Pinchin 7Va 8% 15% 19 55 Penn Gas & Elec class A common Penn Power & Light 4%% 1 ■•'•/ 7% 15% Mills Penn-Dixie Cement warrants Pierce Apr 15% -5 $1 cumulative preferred Pennroad Apr 21/2 16,900 $3 convertible Southern Peninsular $1.32 2% 7% Corp Co Parkersburg Rig & Reei ; •2% Jan 381/2 preferred Page-Hersey Tubes common Pancoastal Oil (CA) v t c Pantapec Oil (CA) Amer sh v Jan 100 7y8 1st .preferred Pacific 87/a 7% May 321/4 Apr 7!/a common 3 3 9% Apr/ 9% Mar /■; • Ltd Breweries Simmons-Boardman Pacific Can Co 300 • Canada of Silex Co common V 100. 10 200 100 Sherwin-Williams Slck's 10'% 9% 25 common.— preferred 4% % 10% 9% —* 1 Shawinigan Water & Power Jan u . 4% Jan to Feb £ Feb 1 COMMERCIAL THE Number 4801 169 Volume & RANGE FOR WEEK (2019) CHRONICLE 35 EXCHANGE CURB YORK NEW FINANCIAL MAY ENDED 6 " Friday Week's STOCKS— Last New York Curb Exchange '«■ Sale Price Range Low Par United Profit Sharing com 10 % Shoe Machinery common United U and S : Radiator S U S Ruhber % 100 5% Apr 7% 3,375 45% Apr 52 Va Jan 39 % 200 37% Jan 40 % Jan 1% 400 l'/a " 1 Mar A Debenture Feb A7s 1% • Jan 1 143/a 15 15y4 12% Mar 2,800 ex Apr Kansas Jan 15% Kansas Power & Light McCord Corp deb 4%s * 2% • 77% 77% 50 1 3% 3% 1,100 3% Apr 6% 1 56c 1% 1% 200 1% Feb 2% Jan 2 Feb l.Z. Reclaiming Co United: Stores Corp com_ Universal Consolidated Oil—— 3 2- 600 - 2 Va X39% 10 Universal Insurances. 2% 300 - 41 400 35% 23-- 23% 241 , 23% 23 23 2,200 23% Feb 2 3/4 Jan New N Jan 26 Ohio Y & Westchester Power 1 5 * Vanadium-Alloys Steel Co ! Petroleum———.— 5% 1 ■; Corp common _ convertible preferred——. 4% 4% 4% 1,600 2'A 2% 2'/a 1,200 5%. ; 5% 70 700 70 5% 23% May Feb- 64 10 . . 6% Apr 34 % Mar 4 5% 123/4 1 $1033/4 105 M-N $105% 106 6% series Waittr & Bond Inc__. $2 Watch Warner Utilities $6 Texas 1 Mar 8'/a 8% 100 7% Go— ; 1% 13,400 3/4 Feb 1% , 1% •' 6% 6% —— " ■ Jan 1st mtge Southwestern Jan Spalding (AG) 1% Apr AStarrett 6% May > 112 7% Jan 139 23% 23% ^ : 32 3/4 323/4 Westmoreland Inc 21 21 Mar Whitman Feb- Stinnes Apr Wichita Wickes (The) Williams Wlllson (R C) 10 5 Corp w 26 Feb Apr 36 19 20% Mar 21% 153/4 Mar Feb 9 9 1 3 3% ; 300 : 3,800 14% 28 30 • Apr 9 Jan . 8 Apr Apr 10 Woodall Industries Woodley * 100 common Wisconsin Pwr & Lt 4%% pfd. ' common Petroleum ' Apr 5 8 10 10 10 -- 100 Mar 153/a American deposit 8 3/a • Hi. 8% 100 33 . 10% Last 1970 Jan 1953 J-J 1955 M-N 1964 J-J Electric 4%s Tel & Tel deb 5%s A Atlantic City Electric 3%s— Jan ex 2~& Bonds A 5s West High ' 5s Telephone series Low 11 41 : 1998 1106% Q-F 23/4s Edison Boston 1960 1970 J-D Steel J-D $107 ' 106 __ 1063/4 A5s / (20% A5%s redeemed)— 5s Debenture 5s : (Bait) Consol Gas El Lt & Pwr 1st ref mtge 3s (Bait A-O — J-J Mfg $117 '/4 $47% 1953 1947 coupon $15 — 1961 M-S 1950 3%s 1963 1958 J-D 1970 M-N 1955 J-D Mountain Power Guantanamo & Western 6s Indianapolis Power International A6%s 3%s Lt & Power series A6%s 57 102% 99% — 111% — 5 . 98% 55 . <> M --' . 40 3/a 68 „ 963/4 116 — 33 52 57 52% 3 101% $103% 1C4 J-J 102% ' ~ 54 $52 55 $105 — 1941 104% — 107%, (Aug 105% A 7s (July 1941 1952 coupon) — Stock and Bond Below listed on are the 63%. 48 ■.-/ '>- Danish Cons 1949 58 105% 56 May 2 32% 56 55 37 56 55 32 55% 7 • ;• Averages May 4 May 5 May 6 ___ __ 10 18'A 52 21 18 52 50 50 — ~9 100% 100% 50% 1 28% 50% 50% 50% $15 — 85% 82% 86 J-D $106% 107'A 1063A 108 2030 A-O $105 108 '/a 109 I960 J-D 118% 118% 1183/4 119 1959 F-A 100% 1013A 100% 102 1954 3%s.l—1964 5s 1 $84% M-S — . Union— Week's Range Interest Last Period Sale Price ' ' or (Col) Bank Mortgage Bonds Friday's Municipal Range Since Jan. 1 Sold Bid & Asked LOW *' '• ' • • LOW J- J $67 — 70%. 81% 70 ^9% '*■* — — "r 41% 40% J-D c Loan- . 4 - ^ ; $80 F-A 83- $75% Nl-N 1953 i 41% $67 A-O 1955 5s.:—-. Hiffh 37% No. High — — 82, • 1952 6%s stamped..—: City (Peru) 6%s stamped.1958 stamped (Plan A) to 2%s —20 0 8 J 'J 121/4 ' 11% Y 8 ' 6% $14% 15 13% 15 Nl-N $27 29 24% 29 AMedellin 7s 37'/a 41% A7s (issue of Oct Parana 3-D; 1947 1947 1931 1972 Af-N $453/4 A-O $453/4 3-D $25 3-D $75 85 2008 3-J $29 31 .1997 J-J 18% 173/4 18 '/a 2012 3-D 26 26 26 1919 M-S 1921 3-J — ' 1927) ■ mmmrn . __ 41% « — reduced (Republic of) Is to 2%s Interest 2%s to r- — 80 26% 31 — (ser A B C D E) 94 15% 18 Ya 1 24% 29 stamped (Plan A) reduced to Government 2% 6'/2S 1. 2% 3% 101 3'/a 2% 33/a 66 e par Odd-lot value, a transaction <2 (not included in year's ABonds being traded (not included in year's range), d Ex-interest, range), f Ex-distribution, g Ex-stock div. hEx- & Co. transacted during current week. (35 Stocks) '■■!: Compiled by National Quotation Bureau, Inc. 40 Rails ities Bonds May 2 86.05 103.78 98.37 May 3 31.17 May 4 31.29 May 5 May 6 35.41 62 75 101.69 101.96 . for cash flat. in receivership. Util¬ Rails 3 3/8 ../A vY A.: A''A1,AA-, A Y . a Abbreviations used above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬ tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates; "w i," when issued; "w w," with warrants; "xw," without warrants. £ Reported 10 trials 1 Deferred delivery transaction nUnder-the-rule transaction (not included in year's range), rTransaction (not included in year's range), x Ex-dividend, y Ex-rights, z Ex-liquidating dividend. Grade Stocks 3% 2 — principal. Second ities 43 61% — stamped (Plan A) Interest Peru 16 41% 39 1951 stamped Mortgage Bank of Bogota— A 7s (issue of May 1927) Grade roads 12% M-S Indus¬ Util¬ 53% 30 1 * ,100% 100% } coupon—..1956 1956 First Rail¬ Range for 1949 Closing Date— 10 Total 174.53 47.13 85.40 62.79 101.74 101.99 86.15 103.77 98.41 47.10 35.50 62.91 101 69 101.99 86.31 103.76 17(5.63 47.72 35.95 63.59 101.71 102.18 86.49 1C3.69 88.52 17G.33 47.52 35.89 63.45 101.73 102.19 86.59 103.76 98.57 175.50 47.38 35.90 63.23 101.73 102.21 ' 86.44 103.58 98.49 Apr 31.19 .*. — High 31.18 20 Low 98.44 47 47 Over-the-Coanier Industrial Slock Average 175.00 3 May 40 3Y • -Bonds- 65 951/2 415 10 trials ___ " 72 54 31% 15 47.27 63 - Co— Interest reduced *No 55 20 174.16 3 ■ 63 102% 1033/4 53 Indus¬ ___ 127 71 50 J-D 10 April 30 123 Maranhao ARussian 52 -Stocks- Date— 7 .71 coupon 5%s AExternal 41 31% the New York Stock Exchange as compiled by Dow, Jones . 105V2 62 , - debs i External 117% $51 30 , 100% 104'/a 5 82 - Danzig Port & Waterways— %: 100 % 32% 55 • 1 993/4 ~5 40 40 A daily closing averages of representative stocks and bonds Total , 103% 106% 125'.- 125 A-O 20-year 7s April 1946 A20-year 7s Jan 1947 Bogota (see Mortgage Bank of) ACauca Valley 7s 1948 112% $51 J-J 1952 105% 104 14 - 82 J-J A 1013/4 101%; 106% 52 ■ 1957 1941 coupon) series F 104 : ^ f debentures s Agricultural 913/4 : A7s A 7s 106 4 - $51% 52 F-A 1957 A7s series E 2 52% $51 • . $99% 103 105% 105% F-A $Friday's bid and asked prices; no sales being 51% 1955 coup) 102'% 1033/4 -105%. 106 105% M-N • 104% — ... $101'/4 102 • .. 105 105% Friday External Sec— C (Dec 1 4 — 57 J-J 4103 1946 * A5%s stamped 47 $105% 1053/4 A-O BONDS Bank— Grand Trunk Western Ry 4s .114 3 Hotel— Electric Rio de Janeiro A6%s with Nov 1 1940 coupon..1953 Green "2 55% 971/4 -- 101 113 100 5 r \ 993/a Co— Finland Residential Mtge 5s 87 104% 993/4 105 d4P3/a d403/a 97% M-S 1956 5s & RR Nov 1 106 - 55 May 100% . " AMortgage Bank of Chile 6s 1965 ri 1043/4 105% 1047/o 1966 Mortgage Bank of Denmark 5s mfee 4s ser B ex 195 103 V 96 : Eastern Gas & Fuel 3%s A6%s 91% $111% Af-N Lt 13 12 104 — — .114 *■ A-O New York Stock Exchange 107 Division— N J Ercole Marelli Elec 92'A 105 -■ $100% 101 ' — 105 A-O 1993 1993 Elmira Water 89% 10 City)— 1st mtge 4s ser A— A 1st 21 101 % 101% J-J M-N 1954 of 19 99% $105 % 1981 4%s mtge 95 3/a 91 J-D 1969 1976 Delaware Lack & Western RR— Lackawanna 102 106% 106% 91% 1962 Gas 100 5/a 103% 103 % 106 % J-J. 162% 15 106% 107 103% - 160% — ser 9 1st ref mtge 23/4s ser Q— 1st ref 23/4s series R Gen Af-S - 100% 101 Foreign Governments & Municipalities ALima 2%s conv debs Consolidated 1083/4 1 95% 9£% 107 A-O 1969 1977 3s 108% ._ 98% 95 M-S M-S 1958 Debenture c J-J 1966 Jan Debenture 5s m , —1948 1954 redeemed) (20% Cities Service 108 101% 1013/4 YY--: '''' .$110 104 High 162% 162%. {Central States Electric Corp— 156% . 101% • Apr 105% 107 96% 101 100% 102% 2" 101 101 1947 Newspaper 6s conv ( 6s C Bethlehem 4100--- MS A-O 1950 West Penn Traction 5s Canada— of M-N . . Jan. I No. 106% 106 3/a __ 1—1989 —1946 1- 1940 1 income Penn Range Since Sold 100% 1003/4 100% '• J-J I Washington Water Power . Bell Dec Waldorf-Astoria 8 % May Jan Friday's or J-D Associated 7'/a Bid & Asked Low Appalachian Elec Power 3%s— 50 , 148% 154%; $103— 104 A-O A-O —. Service with Dec Week's Range ' Friday Sale Price 154% J-J 1 1970 ''•» 1970 stamped A7s Jan 14 Jan 2.100 Period Exchange 26 — i trust A 7s Apr 1043/4 Mar Jan 9% 300 ~2A Interest BONDS New York Stock 2 F-A 3%s Elec & 5s United Electric Jan 10% Mar "2A 5s £1 (Calif) Hydro-Electric Co— Western receipts 50 »>■«'■ '$15. '2 1973 United Electric Co of N J 4s__ Ltd— (F W) 6% preference Wright Hargreaves Ltd Assoc Y 23% Feb 10 •■;'/: — . Woolworth 50 50 - A6%s with Aug 1 1940 coupon—1953 A6%s ex Aug 1 1947 coupon. 1953 Jan 14 900 - 101% 101% ~ 2 Inc Terni Jan 2% 125 Feb 9 2nd A7-4s May ' Winnipeg Elec Stinnes Jan 19 5% 75 14% 2% 8 '/a Mar __ 25 w 16% 100 8% 106 Apr Feb 2 % ... 19 8% 106% 105% M-S 3'As.. Gas Gas (Hugo) Corp— V 3rd stamped (Hugo) Industries— A 7-4s Jan "X* ■Y." 100 1 Inc common preferred Apr 30% • & Co Brothers 22 % 200 *.' ' " .1 : Corp Products Wilson 5% Oil River "so 1 (Wm) & Co. 105% 10 JS" L.1 Corp inc 5s collateral 5s Jan 115% 155 14% 10 — Weyenberg Shoe Mfg Gas 4% f 1 106 .. 3s 1% —• — Counties Jan " Western. Maryland Ry 7 % 1st pfd—100 Western-Tablet & Stationery com *" Westmoreland Coal 20 . 95 106 1965 3s B_ Southern California 23A. Feb 200 Edison ser Southern 2% Jan 93 105% 105% 1971 '•...,1st A ref M 3s 800 33% 1% 100% 104% J-D —_i—1951 A__— 650 3% 106'% 108 $95 1973'? California series 10% ' 100%. 104%. 6 7 J-J 1952 _J Jan 2% Apr 6 J -J .1998 debs A Mar 111 Apr 1 1.25 • preferred Jan 9% Apr 109 ' 1 1 3% Wentworth Manufacturing— West rnkmm 200 . 3%s Apr "* ' 1% .1 1 Corp 8% ' warrants.— Aircraft •: 'mm mm " " 1 — * 1 % 30 Co ^ .. 1 preferred cum Southern '.1" Wagner Baking voting trust ctfs ext.* ■"[1% preferred— 100 105% 104% .. Jan 1% Jan 105% 104V2 ' r 13/a ... 104 104 A-O coupon—1960 coupon——1960 : " Scullin Steel inc. mtge. 3s , 1033/4 ... 107% 107 A-O 65 _ — Co— Gas & 102 58 — 100 % 100% J-D .'—2004 —1968 1940 1947 108% 11 MS 1970 Elec — 1967 1961 Ltg 4s 3'As . 105 101% - — 59 58% 58% A-O :—i — 40 102% 1083/e —— , . 1971 Service 5%s W Waltham 21 ' $1013/a 102 F-A / •. 105 —1963 Hydro-Electric 50-year Jan ' • Co Ward Baking Co , Queens Borough Gas & Electric— Jan 3 Mar $1083/a 108% Safa Harbor Water Power Cdrp 3s_1981 San Joaquin Lt & Pow 6s B J. 1952. Aircraft > 17 40 $104 , Public 71• Apr 2% May 11% Apr i 1st mtge A6%s ex Oct Jan Mar 32% —20c. • Inc.. Vogt Manuafcturing Waco 50% 'Jmmm f —. . 37 1969 1956 3%s 3s_ A6%s with Oct 1 Valspar Syndicate 76% 273/4 J-J 1st mtge 3s 1964 Pennsylvania Water & Power 3%s_1964 3%s Venezuela 62 __ J-D Park Lexington Piedmont Venezuelan $15 J-J 38 55 $47% 1966 3%s 4%s England Power 3%s 1st mtge Apr High 76% 74% J- J Milwaukee Gas Light Apr x25% Feb 21 Jan 2% May 2 - Electric Power Midland Valley RR— Extended at 4% to Jan 41 Feb 300 1,500 > 2 Va 23/e 5 • 79 Va Mar Feb 24% 10 3% Feb :Jan 75 10 common Utah-Idaho Sugar Utah Power & Light common ••'$4 ctfs„ escrow 1952 Nov 1 1947 coupon.——1952 Superpower 6s —1963 Altalian warrants with Jan. 1 Low Power-Cor— Isarco Hydro-Electric Co—A 7s with Nov 1 1940 coupon 8% 7% Mar l'/a Apr Range Since Sold No. High ' common Universal Products Co Interstate Jan 46% 1 % % May Securities International 1st preferred $5 U High 39 1 10c Specialities common U S Air Conditioning Corp U S Foil Cte class B Low High Bonds Friday's or Bid & Asked Sale Price Period Low 45% 46 % 25 Preferred New York Stock Exchange Range Since January 1 % 26c 10 25 preferred United Shares Last Interest BONDS for Week of Prices Week's Range Friday Sales "• —. 33.26 Jan 24 31.05 Feb 26 AA A. A" j ■ VV.■ Range for 1948 31.44 i— High 37.83 Jun 10 31.39 Low 32.37 Dec 29 36 COMMERCIAL THE (2020) & FINANCIAL CHRONICLE Monday, May 9, 1949 OTHER STOCK EXCHANGES RANGE FOR WEEK ENDEH MAY « '«• k Friday Boston Stock Friday Last STOCKS— Sale Price American Agricultural Chemical High 35% 50 34% Mar 40 Va Jan 34% 34% 150 32% Mar 36% 100 142 1 372 3,858 250,725 141% May 150% Jan lft US Hi May lft May 25 27% 249 25 May 38% Feb 29 26 % American Woolen -A 500 200 8% Jan 12 Mar 14 14% 300 13% Apr 17 Jah 14% 14% 400 14% Feb common 29% 453 29 May 35 6% Corp 107 —100 .—25 40 Stamped 105% 107% - 42 y. 41% Jan Herder's Inc common—. 120 Jan Hubbell 196 Apr 2,054 42 ya 100% 40% Jan Harvey Inc common— 16% 16 16% 16 905 Jan 19% Apr Maine RR— 100 g% 1% class 1% 1% 100 prior preferred class B 1st pfd stamped. 305 48 15 15% 160 xl5 19 19 400 19 — — 39% ' capital- 1% 40 2%. Jan 1% Mar 65 Feb 38 125 25 5Va 43 Prod 1 common. Jan 7 Apr 25 23% Apr 13% 14% 10 Jan 11% Jan 13 Feb 37 Jan 39% Feb 7% Apr 8% 16% 15% 16% 1,450 14% Mar 17 Apr Libby McNeill & Libby common 7 76% 76% 100 69 80 Feb Lincoln 1 —5 3% 3% 120 Va 47% 433 39 Feb 10 100 10 May — : 44 «... 10 Jan 6 Jan 9 Va . Apr 5'A 3% May Kellogg Switchboard Jan 62 21% 32% • 9 * 1 —* —9 1 * Bakeries Copper 22 60% -ft 100 9 * preferred Mathieson Chemical Corp Mergenthaler Linotype Racing Assh 8% - — Jan 12% Feb Mar 10% 11 405 22c 11% 19c 24c 79% 100 79% 6% — 11% 13c 540 15% Jan 25c 79 Apr 6% Apr 10 31c 31c 800 30c 15 15% 611 Jan Apr 87% Jan 9V2 Jan Jan 45c Feb 31c 50 Apr 10 Jan 8y8 Jan 80 6% Apr 11 11% Apr 65 2,600 2,036 Jan Jan Mar Jan 64 % Apr 41% Feb 50% Jan 8% Jan 9% 9 Apr 14 44% Apr 15 2.50 Mining ->58 36 11 100 N Y New Haven & Hartford Jan 210 30 200 9% 44.79 40% 33'% 8% 56% 35y8 Feb 10 68% Jan 22Va Jan 35% Mar 61% Feb 27% May 8 % Mar 43% Apr 62 5 r 42.45 Feb 15 63 37 47 Leath & Co common Printing 25 —-2.50 Quincy Mining Co. 14% Mar Stone & Webster Fruit 6% preferred Co.~rX—I———— U S Rubber Waldorf System Inc Westinghouse 10 32 % 95 48 49% 5,752 45% 39 46 39'A 575 31 % Feb 48 Apr 140 45%; Apr 38'A Apr ,36% May 36% — 22% 37%*' 145 13% 22% __ 9 12% Electric Corp.- 4% Apr 4% Mar 12% Feb 12% Feb 45% 25 25 - - 175 158 200 175 32 Va * United Shoe Machinery common 4% 5% 14'A 16V8 49 * - Co 5 14% 15% — , Torrington Co umtea 5JA 14'A * Inc 4'A __ 9 Association Shawmut Co 13'A 23% 6 12'A Apr 488 22% Apr Marshall Field common Co & 17% Jan Feb 7 v 5% Apr 15% Apr 16% Apr 34 'A 54% 52% 39% Jan Mar Jan Jan 43Va Jan 14% Apr 26% Jan STOCKS— I Laboratories Abbott Admiral Corp Bail Aetna common common Advanced Alum ] Par . (new)—5 1 l__ Castings Bearing 5 * common — 40 ! 5'A „ __ Laboratories American Tel Rights i—9 common Tel & Co capital 100 1ft i w — 141% 600 15% 16 50 50 9 8% 17% Jan 150 - 15% Jan 16 Feb 200 50* - 50 Apr 64'A Ap(r Chemical Monroe Co common. National Standard American North Northern 111 Northwest common Corp class (The) (The) Co Potter Rath Packing 7% 12% 14% 22 21% 22 V* 250 4 80 4 53% 2 Co Mar 150 27% 25 27 Apr 31% Jan 50 27 May 25 Apr 31 Jan 8 Jan 9'A May Feb 25% Mar 50 Jan 9% 9% 23% 50 7% 7% 1,250 7% May 9'A Jan 7 6% 7 500 9 % Jan 22% 17Va 17 Va 200 6% May 17 Vs May 19% Jan 12% 12% 50 12 % May 13'A Jan 15% 15 % 300 15 Apr 17% 10 10' 9% Feb 10 Mar 6 Apr 17% 15% 20 .... Jan Va 5% 100 4% Feb 24% 24% 40 23% Apr 26 V* Jan 9 32% 32% 10 31 Feb 33 Jan 27 27 Mar 5 5% 1 250 27 10% 10% 100 37% 38 Va 810 10% 34% 1 10 10 50 10 9 23% 24 350 9 1 38 29% Jan Apr 11% Jan Feb 39% Jan Apr 13'A Jan 22 Apr 28% Jan . Clothes Co capital 500 12% Jan 13% Apr 23 Va 900 19% Feb 24 Jan 5% 5% 100 2 20 8% 12% 9 — 400 7% Feb 300 2% Jan 700 36% Feb 41 % Apr 12% Feb 14% Jan 40% 12% 6 12% 12% 100 63H 550 6 31 9 5 ; 7% 8 30 Va 10% 10% 55% 25 41 Feb 11% Jan Jan 32 % Jan Jan 11 Va Jan 49% Feb 55'A May 29 100 55% Apr Apr 9% 100 (The) 6% Mar 1% 400 ctfs of dep. Mar 4% Mar 29% 1,300 8. 29% 10 Feb 6 200 31 25 stock Jan 4% 41% 1 common 6 Va Apr 8% 41% 5 common 5 4Va 25 Standard Oil of Ind capital Corp 13 % 22% 1 common Container Corp 12% 9 Corp Spifegel Inc common Standard Dredging common 208 59 1014 8 10 common Signode Steel Strap common Co Jan 52% 23% 2% com Corp class B common 5 107/a 10% 10% 100 13'A Jan 2 22'A 22 22% 300 22 Feb 25 Jan 9 44 43 % 44 320 43 Feb 44% Mar capital (new)—9 '38 37% 38 8 Apr 12 Va 12% 300 11% Feb 28 Va 28% 200 26% Mar Corp Co Jan 4% Mar 50 Shellmar Prod Corp common Trane 25 300 • 25 27% Feb Apr Feb 4 200 Jan 15 Va 7% Serrick Thor High 54% 8 8 14 V8 Apr 21% Jan Apr 14 14% 9 & '50 14% Sangamo Elec Co common Schwitzer Cummins capital Sears Roebuck & Co capital Oil 50 11 10 common Society Brand 12% Jap Apr 12 1 —_25 A Louis Nat Stockyards capital Sinclair 1,050 2% 5 Pennsylvania RR capital Circle 8Va 9 : Peabody Coal Co common 57« prior preferred Perfect Mar 9 i. common Switch Jan 12 Feb 1 common common Elec 24 Feb 1% 20 common Bancorp Penn Apr 9% 600 10 common Car Manufacturing Oak 19% 50 2 9 Cooker Pressure 100 11 2 9 common Montgomery Ward & Co National 19% 11 9 Minneapolis Brewing Co Modlne Mfg common Texas Range Since January 1 Low (The) common South La Salle St Corp 38% Apr 40% May 200 15 V* Feb 19% 100 4!A Jan 5% Apr Union Carbide 8s Carb 200 8% May 10% Jan United Air Lines Inc.— xlOVa Mar Jan 403A 500 17% 5V4 8% ■ 18 100 yl41% 145 2,500 yl41% May 1ft 9.400 lft May 1ft Jan 15% Feb 19% 10 17% Feb 19 150% Jan 12% 10 36 5 600 ... 41% Jan 14% Maj* 28 Va 71% 73% 2,300. 69 Jan 78 Va Apr Jan Westinghouse Electric 8s Mfg com—12% 221'a 22% 200 22% Apr 26 Jan 9 11% 11% 100 11 Apr 13 850 10% Feb 10% Jan 100 11 Apr 13 Jan United Light 8s Rys Co Allied 7% , 7% preferred prior $1 Swift High Low 17% . 50 for Week Shares 38 Va 7% vtc common Swift International Co Ltd Range ' 11% 38 9 Sundstrand Mach Tool new com Sales of Prices Last Sale Price •v.'" 11 Va 2,550 150 5 Sunbeam Corp common Chicago Stock Exchange Week's May 27% :_1 common Products Food Miller & Hart Inc Stone Friday 11% 9 Lindsay Light & Chemical common Stewart-Warner - 14% ♦ — Cumulative preferred St Rexall Drug Co 25 May 47%, May Apr Jan Apr Jan 14 36% 47 63 — 1 Pennsylvania RR 100 — ■ System™—20 New England Tel & Tel 5 1,700 905 30 449 460 14 — 1 —— — 60% 19% 31 53% 220 59% 37% 28% -100 Maine Central RR common 25 62 22% 33 60% 44.12 44.12 36% 38Vs 27% 287/a 8V2 8% 44'A 45 100 — Electric 9 common Middle West Corp capital Gillette Safety Razor Co Butte 4% Jan 3% Mar 350 100 7% Mar General Capital Corp General Electric North 18%' Jan. 400 4% Mar Cos 4 ' '11% Jan May: 16% Mar 25% U Service 3% 350 25 50 Stores England 3% ' ft 150 17% 25 8Vs Employers Group Assoc New Jail 23% 5 preferred series A Steamship Lines Inc_ National Jah " 9 8'/a Nash-Kelvinator • '21 9 5 1st Narragansett 17 . f (new) 8% Kennecott Jan 53. Apr> May common Harvester 100 Hathaway Feb » International Mickelberry's 5% 17% Independent Pneumatic Tool common-9 100 6% Copper Range Co— National Mar Jan Eastern Mass Street Ry— First Apr ! 9% 9 10 pfd stamped. 6% 100 -10 6% ' "V Co 100 Eastern 6 51 1st pfd stamped Hecla & 17% May 9% Jan 50 * Calumet 200 22 Feb 6 6% 5 1st C class D May' Jan 15% 6 - Tl 19 300 1,250 Indianapolis Pr & Lt Co Common stamped 107* i './• -8% Mar 2,200 17% 43% Mar Indiana Steel 7% 11 20% 17 5 common 120 Illinois. Brick ———100 - 51 9% 20% Jan 15% Jab* ' _9 common Mar 110 Boston Elevated Railway- Boston & 11 17 25 — : 32% 27-%May V Jan 117 Va 118 pfd—100 Boston Edison 1 10 1 3 Hammond Instrument Co common Harnischfeger Corp common Heiiman (G) Brew Co new cap Hlbh Spencer Bartlett Bigelow-Sanford Carpet Beaton it Albany RR 14 ■ -50 High 28% (W H) common—~ Werner Low 10% Great Lakes Dr & Dk Hetn v, Range Since January 1 10% ' Rights <* « ; 27% Jan 141% 145 V\ Co Gossard High —i_: Goldbtett Bros common. 35% * 100 Anaconda Copper Low Shares Razor Vcommott— Gillette Safety Range Since January 1 Low'' High Par American Sugar Refining-— American. Tel & Tel Shares for Week of Prices Low Par for Week of Prices Range Sale Price Sales Week's Range Sales Week's Last STOCKS— Exchange 7 common 9 U S Steel common * — Jan lft May Stores Wieboldt Inc common Asbestos Jan Avco Washer Bastian-Blessing Co Belden Mfg Co common Bendix Aviation 5 — 31 Feb 3 May 250 7% Jan 10 Mar 12% 300 11% Apr 14% Jan 2,700 31'A 2Va 9% Jan 7% 31'A 12'A 31% 12% 250 500 12% May 15% 31 31% 200 31% May 34% Mar 31% May 36% Jan Macvhine Radiator American Bliss & 1 Corp__ 2'A Laughlin Inc common 10 Borg (George W) Corp— __ 11 9'A 6% 11 9'A 6% 11 9% 600 6% Mar 7% Bruce Co common.—____5 Corp __ 2% — Ring common——.—1 — (E L ) Burd Piston common—— Bur ton-Dixie Corp--_—: Biscuit Carr-Consol Central 111 Secur Corp commonConvertible Cent & S W preferred Util Jan 200 II May 14 9 Feb 10'% Jan 100 43 Apr 53% Jan Atchison 45 17% 10 16 17% 10 50 16% Apr 22 100 9% Feb 12- Jan Columbia Gas System Inc (The) 16 Mar 17% Feb Continental Motors 7 May 9% Jan Curtiss-Wright 3% 3% 3% 700 1 13% 12% 1% 13V2 12% 24 24 100 24 May 11 10% 64% 11 50 11 Apr 9 Feb — Co * common— Burreli Corp common— Chicago Corp common Convertible preferred Cherry 5 1 9 commoiL—__i—9 -.■■■„ 11 10% — 29 May 24% 100 24 89 Va 89% 29% 30% Apr , 89% Jan ■ i 35 aJn Apr 26% Jan 100 89 Va May 103% Jah 500 29% 33% Jan Jan 2 Feb % Mar 700 4% Mar 1% Jan General 600 11% Jan 14% Feb Jan 12% Apr 10% 400 64 y2 50 16 64 y2 Mar 24 13'A 600 11% Mar 14 % 300 10% Feb 13 Vs Jan 10% Feb 11% Apr 6% Feb 8% Jan 7% Jan 9% Apr May 7Vs Jan 35% Feb 39% 11% Jan 14 ? — 8% £Ll i 5 General 103A 12% 11 9 9 Farrsworth Television & Radio 1,300 11% 10% 12 1 ' - : — 37% Electrio.Co—; Public Utility Corp Graham-Paige Motors — — l8Va 8% T'l 1 Va 700 37% 800 14 700 37 13% — 1 . 2 i Apr 3% Jan May Jan 6% 2,800 4% Jan 7% Apr 12 12'% 1,000 11% Apr 15% Jan 11 Va 11% 6% -—-4 ' 3,000 --1 Laclede Gas Light Chain Beit 700 24% 25 1 Co Certain-teed Products 800 — 29% ' Jan Pacific Ry 45 200 12% 29 9 new common 73/8 1 29 50 10 100 Topeka & Santa Fe Bethlehem Steel 16% 50c 12 Jan 500 7 __ 12% com—9 Corp., 7 Va 9 common.— San Mining 1 common St ■ Anaconda Copper 10 —12% Butler Bros common— 8s 600 Feb Canadian Borg-Warner capital Stocks— Unlisted Armco Steel Berghoff Brewing 10% Jan 2% 6% * 10 common 3 8% 5% 1% May 6% Mar 1% 4% 2% 4% May 4% 1% 6% 1% 6% 1 100 100 1,050 __ 1 Yates-Amer 9 Wisconsin Bankshares common Jan 900 17a 4 Alleghany Corp Jan 1% 5% 1 3 11% 7% Apr 5% lVa ,——3 common Mfg Corp,.., 11% Apr 1 5% 1 Athey 'Products Corp capital Automatic 10% 5% 5 common Mfg Co common 5 American Air Lines Inc & Co Armour 10% May Jan —5 12% —9 * ft. 4 Pan American Airways Corp—• 2y» " — Paramount Pictures Inc new com-—i-1 — Nash-Kelvinator Corp 11% Mar New 65% Packard Jan York Central RR capital Motor Car_ Jan 75 Mar 4 III Jan 115 100 50 Apr 800 39% Feb 20 Apr 46% May 28 y4 Jan Radio 200 3,500 25 Jan 27Va Jan Radio-Keith-Orpheum 80 29 38 Jan Republic 10% " Feb 13 Va Jan 3% 200 900 4 Feb 4% Jan 8% Feb 10% 19% Mar Mar 50% 3% Apr 24 % Feb Towel Convertible Co preferred ——— 9 -2% Chrysler Corp (new)_—— 72 — — 72 115 50% 72 115 66% 22 22% 300 11 11% 500 8Va Jan 12 * 30 Va 31 600 25% Feb 32 Apr Apr common 9 11% 12% 1,000 11 Va Feb 14% Jan 8% 600 7% Jan 9% Steel Corp common— 1 9 2% 8% Rexall Drug Inc Chicago Schenley Distillers Corp Socony Vacuum Oil Co Inc—— 1% 15 , 57% Jan PepsUCola Pure Cities Service Co common Coleman (The) Co : Inc Commonwealth Edison commonConsumers Co cum 10 5 25 preferred (new)—50 Dodge Mfg Corp commonDomestic Credit Corp clasa A—: Eddy Paper Corp (The) Eversharp Inc common 10 1 9 1 __ 20 46% 20% 26% 26'A 26y2 — 29 29 46% „ 3Va 70% — 45y2 6'/a 3 70% 8% 100 * May 5% Mar 6% 3% 70% 1,000 20 70 V2 May 8% 500 7% Mar 2V4 Jan 7% Corp (The) common: of America Jan 8% May Flour Mills of America Inc (Peter) Brewing common General Candy class A General Motors Corp common : Gibson Refrigerator Co common For footnotes see page 44. 8% _1% 5 10 1 10 % 150 10 y4 Apr 8% 8% 11 .11 57% 59 7 7'A 1,100 7% Feb 10% —_5 — „ 7% 320 1,000 1,000 12% 9 21% 21% 5% 21% May 27 Va Jan 200 4% Mar 5% Apr 16% 2,400 - 25% 16% 16 —-1 1 Studebaker Corp common Oil Corp 11 Apr 14 y2 Jan Sunray Feb 62% Feb United May 9% Jan Wilson & Co common Corp . — 9 9 Apr 1,000 5% 22 15 Apr Feb 30 Jan -17 Va 68% 300 Jan Jap 19 19 19% 11 10 Vs U 3% 3% ?00 Jan 1,400 100 65% Feb 73% 14% 68 Vs Jan Apr 56% 7 12 25 1 Standard Oil of N J... Standard Steel SpringFox 11% Jan 3% May 95 Co Oil 33% Co Feb 16 % 16% Feb 21%. Jan 11%. Jan 9% Mar 2% Jan 11 Jan 3%. Apr Jah 11% . .. Volume Number 4801 169 & Cincinnati Stock V '' : • STOCKS— :■ -■' Last ; Sale Price Baldwin'. r Cinn Elec & Gas 6 Y\ 6% 50 14% 7 Cincinnati —'-25 Formica '22 231 New York Stock Exchange New York Curb Exchange Feb 23% Jan Detroit Stock Exchange Chicago Stock Exchange Apr 8 1 Apr 29% 7% — Building Jan DETROIT Telephone: WOedward 2-5525 Jan 76% Jan 100 6 Feb 7% Jan 7 100 6 Feb 8% Jan 17% ■ 16% 231, Detroit Stock 19% Mar Feb: 10 23 Jan 27 51% 35 44 Jan 51% May- Hobart Mfg Co Julian Kalin & 100 Miami Procter 12%- 48% 50 Y» ■ _ ' y J__ Gamble— Jan 21% Apr 20% '• 13% 11% Mar 55 187 43 y8 Jan . ., 50 May Jan Jan 35 95 25 18 Yi May,. 74 19 64% 10 Apr 96 .• 21 " 17% Mar Jan 602 11% 57% Feb 66 % Jan 400 ' 9 ••7% Jan 10% Apr 164 10 May ,yll% Jan S U S -.-lilO! ■y Playing Card—— Printing common: * L i 57% Vv 48 .'V' 56 33 I y 47% w'.: 275 48 > *" 23 " Mar 32 57% 32 , -1-50 Preferred : 57% May 40% Jan Brewing Co 39 ! Metal Burroughs 48 Consumers Machine _« 14 Paper common 1—10 18% 18% _<■ 35% 35% Power Co common Bros Detroit & American 10 Rolling Mill— Rights. 24% 100 142 24% 1- 25 216 r 145 Ya 142 *~ 23% Feb 305 142 May Navigation 1 & May Jan 150% Jan lii May Cities common _ - Frankemnuth Brewing Dayton Gemmer Manufacturing Motors class B__ Gerity-Michigan Corp 13\ lii 938 32% 110 31 <. Mar 34% 46% 44% 46% 134 37% Feb 46% Jan Hoover Ball 28% 28% 10 26% Jan 29 Apr Hoskins » 10% 11%. 12; Apr Howell Electric Motors & 10% Apr 387 V; 5% Jan 1,100 6% 20 % tt 8% 30 7% Jan 10 Apr —10 >• 26% Jan 30 Feb Hurd Lock 38., 329 35% 57% 58% 26% 59% 186 30% 95 & ' " \ y Kalser-Frazer 28% Jan W; Feb 39% Jan Kingston 56% Feb 62% Feb Kinsel 35 Apr Lansing Stamping 31% Jan LaSalle Products Feb (S S) Apr 24% Jan r 2% Feb ■ 50c 3% Jan 5% 100 ■: 8 56% 6% Jan Apr Apr Mar 95c Apr 324 8%: Feb 9% Jan 61% Feb 5-% Jan Mar 4 550 3% 8 1,550 5% T; 14 12 Yi ■■J- 100 May 14 Apr 14 Jan Apr 6 " Mar 13 Apr 4 Apr 11% 5 9% Mar 3 Jan 535 4 4 May 19ya Jan •' 200 12% .<,'^:12 — 8 Mar 11 550 • 5 Jan 14 359 11% 11% 5 100 15% 15% 50 Apr 17% Mar Masco Screw 11 % 11% 50 8% Feb 12 Apr McAleer 11% 11% 50 11% Feb 14 Jan McClanahan 16 16% 175 15 Feb 17% Jan Packard Motor Car 18% 18% 47 17% Apr 21% Jan Parke Davis 69% 67% 69% 106 65% Feb 78 Jan Peninsular 24% 24% 24% 25 23% Feb 26% Jan " 40 .; 71% 40% 106 40% Jan 43 % Mar 73% 215 69 Jan 78 * 25 (N J) Standard Oil (Ohio) 2% '«M*: ' 2% 1% —— 57% 1% 25% Feb 15 ; Wines -* v _* Steel v — , Jan Rickel 2 Products 2% >- 1 100 1 400 Metal • 1 Tube class B Timken-Detroit Cleveland Stock Last 1 1,000 625 Sale Price *" of Prices Low 1 Feb 3% Feb 4 V* Jan 215 24'A Jan 28% 3% Apr Jan 150 1% May 18% Jan 24'A Apr 100 3% Mar 2 1,200 24 3% 11% 11% 13% 13% 28 Low "2 100 225 142% May 1,777 133 May 1A Apex Electric prior pfd—__.——100 105 lii 105 S Radiator common Aircraft 25 . 28 May 105 25 Iron common.! May 28 150% ;i- 1 May 105% Los Jan Cleveland Graphite Bronze (Un)—_15 ' •" ; ;T \lvk\ 29 15% Feb - 16 Yz Mar 1,137 Apr 16 Jan Apr 76 Jan 42% Jan 72% - 330 71 471 36% Mar a23% a23% ■ : • 23 25 4%v 100 al89%al92% 25% Feb 4% May 17 26%- 25% Jan 179 4% May Jan 195% Apr Jan 75 25% Apr 32% 51 12% a 12% a _• Motors Co common common 19 10 (Un)_: a37 /• . (Un)__ Allis-Chalmers Mfg Co (Un) -1 • Alleghany Corp Airlines American American (B F) (Un)—___10 19 IIV* Feb 14% Greif Bros Halle Bros 57% 18% " Cooperage class A 23% Jan 40 Jan 19 '35Yb 210 Apr Feb I 56% 186 57% 18% & St & Co -Interlake Rayon:. (Un) Steamship 11 15% 15% 41 5 : —1 * —— Jan 3% Apr 1 Feb 6% 1% Apr 1% Apr 1% Jan 225 1,425 i% 100 Jan Sales for Week Shares Low 3% 109 2% 3% i High 3% Apr 1,710 2'A Feb 3y2 May a28% a30 % 260 27% Jan m. a297% Range Since January 1 High 3ya Mar 28% 9 9 210 7 9% 9% 109 8% Jan 12% 12 12% Apr 54 142Vk 142% 145 1,665 142 % May 150 liT. 15,706 % May « (Un)—* Ref 41 100 * 205 910 34 .34 Feb 62% Feb Jan % 12 v Jan Jan 9% Mar 10% Apr 14% Jan Laughlin Steel (Un) 335 :20 a29% a29% 45% 76 Apr * (Un) Woolen Co Anaconda Copper Mining Co Corp (Un) Armour & Co (111> (Un)__— & Santa Fe Ry Atchison Top Atlantic Refining Co (Un) 13 Jan 20 Jan Bandini Petroleum Jan Barker > (Un)_100 25 common 25% 29% 32" Jan Jan 797 6 170 6 —— (Un). Manufacturing Corp Baldwin Locomotive Works (Un) Ohio & Corp Bros RR Co Jan Basin 35 Apr Bendix Aviation Jan Bendix Home 33 Y* 11% 13% May Bethlehem 35 Ys Jan Jan 6 Apr .'Mar a90 120 99 36% 36% 245 33% Feb 6% 6% 402 6% Feb alO% alO% 3 50 10 V* Feb -- 13 134 Feb 7% Jan Jan 95% Mar 39 7% 12 Jan Jan Apr 10% Jan a9y8 a9% 1 37% 3% 4% 5,200 IS 16% 16% 16% 630 16 % Apr 21 148 42% Feb 47% Jan (Un).—100 ( Un) 5 Oil Co 26% Apr 37% 27% * a89% a89% (Un) Appliances Inc 5 5 Corp a44% a44% «.«• 13%., 20c 41% Apr 29% May 24% Feb 455 24% 25 -'260 29% 24% • 24%, 5 Company 46 25% (Un)__30 10 Steel Armco 61% May Jan" Feb May * 60% May 9% Mar 33 % Mar H 34% a45 a45% ! 21% "41 35 a36% a36%' 100 (Un) Rights Barnsdall Oil Co Industrial — * (Un)—• 15%, Apr, 79 - 11 * i___—_i_50 t— 6% 10'/a Mar % San Radiator Smelting American Tel «fe Tel Co Baltimore Preferred Feb 3% (Un) Light Co 17% Mar 125 a60% a61% __r*. L-L'l common Jan Feb 6% Jan 100 a37% : r (Un) common Jan 8% 1% Low 1 (Un)_ Inc & Power American Avco Goodrich 18% 100 3% of Prices < 10 American il Electric 16% May ' i._ 4% •• —• Faultless Rubber 2% 310 6% Week's Range Par Alaska Juneau Gold Mining Co— American V — 2 _ (Un) — 12% 39% 71 39 - Navigation (Ur.)L5 :V de NemoursJ———20 : Manufacturing 12% 9% iy» Sale Price Jan 25 25 •.' & Cleveland Erie Railroad Jan 50 15% a 15% 12% 200 1% 1 Ya Friday ■;:> Last May a28% a28% ; 16 Y* 2% Mar 2% Feb May 2 'A Angeles Stock Exchange Jan 32 32 comhion—*" Electric Illuinin Pont (EI) — 150 "3% 1 1 lii May May 220 .—.—100 $4.50 preferred i 72 200 ' Jan High •' Cleveland : -72 a 4 Cliffs Cleveland ' . 1 ■'; . • II * Clark Controller * . 12% Jan 14 2% 6% 1 common STOCKS— Chesapeake & OhtoiRy; City Ice & Fuel Jan Apr Range Since January 1 al42%al45%' 100 10% 12% 2% 9% " Feb 4 947 16% ,: 1 y8 Mar 400 2% h,' • * 2% n. 1 1 Tel" (Un) & U Warner Shares 2.0OMar 735 13% 4 common Wayne Screw Products High 28 Par Products*(Un)___!—1 Corporation Investment Feb 37% U% 5 Jan "3% May 2y2 Mar 95c 28% 3% 1 common 1% 1% Apr 950 . Jan '* for Week Range '. Union Sales Week's Friday STOCKS— Udylite Exchange Axle 2y2 May 1,800 24 1 common 2% Feb 1% 1 common Apr 1% 3% 10 Scotten-Dillon 2% 1% 1% 1% 2 — 400 400 ., 1% 1 mtmm " common W) Superior Tool & Die.: Tel 38 y8 May Mar • Apr 37% 3"% * Products Brewing Standard Home 36 Jan 2% Feb Feb 28% ' mrnrnm * : 2% 2% " American 1% 1% 1% * common Sheller Manufacturing American iy# 3 1 ; common Oil Sugar (H 2% 2% 1 : common Mfg Pfeiffer .10 — Timken Roller Bearing. .' 5% Apr 2% Feb 8% 100 • 38% 38 N' 100 Jan 40 15 _ Oil 57% 10 common 50 154 50 Standard Jones & Jan 19 Va 750 587% 11% 1 31% Michigan ■ 9% 400 11 _1 common Drug 28% __ Brands Standard General Apr 3,000 5% 14 1 28 % Socony Vacuum Oil- Glidden Jan 6% 7% 11% * .33 %c Pennsylvania RR Pepsi-Cola General 2% 3% I in _s 31% Radio Corp Eaton Apr Apr ' 65c 8% 8 <« Mfg 24% Mar Kresge Co Du Jan 2 300 ' 57% "T -2% __ Hudson Motor Car 88 37% Electric ? Feb 5% ' 162 3 2% 5% ' ■ v —i common 30% 25% Motors Detroit 6% 22% 4% Jan 20% Jan 4,714 65c _ ; Manufacturing 8% 7 National. Cash RegisterOhio Oil. U 8 100 200 2% 20 5% ' ___ Bearing 30% 8% .1 __ Dept Stores- . General Jan 35% May * Federated General Jan 20 7% Jan Jan « >.-_v ' ::_io General 31% 1 Power & Light 29 ; 1 common ' Gas Curtiss-Wright wn„. --—J common Industries Houdaille-Hershcy Columbia 16 Apr 6 22% 2% * • —1 Ale 10 City Products ' —•11 I 1 25 Service Apr 18 ' 1 all / Ohio & 14 32% 150 4% 4% 22 : Apr 6% May 10% Jan Feb 8% 100 • High 2% Feb -179 • 6% 22 1 Goebel Brewing common Chesapeake 14 6 ';':v 20 ' 32 i — 5% 250 9 14 3 . Detroit Steel Corp vv27.% 9 1 : Cleveland Edison Detroit Gar Wood American Tel fc.Tel— ■ 2%- Feb 285 9 Jan May 6% 2 Adding Consoliadted Davidson Products Detroit-Michigan Stove Stocks- Low 2% 100 6% —- Range Since January 1 High " Friars Unlisted Shares 2% 1 — Feb >8 Low .—I Detroit Gray Iron ' U Altes American May May Electric for Week v of Prices Par Allen Sales Range Sale Price Jan 18% * Last Jan 19% 10% •9 ,t> —l__ 19% 95 63% 64%' wy. 9 L.2. Rapid Electrotype 3 100 10 16% i—1' B^_;u_..— Jan- : 18'% o; ■, 64 60 3 • 50 gtd_ Co & i2:..i 12 » __ Lunkenheimer Randall class 19% 95 _ . Magnavox 21 19% * Sons common Kroger Co common Little 21 i9%,;. • 64, 21 -_—-10 common Kokenge (E) 64 Week's Friday STOCKS— Hatfield, partic pfd.^....^..^.-,.. Exchange Mar 25 51% . Ford 4.% May 5 Apr 67% Mar 1,044 Members Jan Feb 4 26 y» 342 71% WATLING, LERCHEN fit CO. 15% 25 *. , 6% May Mar 6% May 212 5(4 .. 17% * J. Gibson Art . 10 ' Insulation ' 6 " 6%" *> 71 7 .2__ 4% :y 7 71%, - __ MAY High 6 Y* 50 — •—<2021) Mar 21% 191 28 5 5 5% 12 25 7 4 27 — Dryg common Eagle-Pieher 21% 6% ' 27% 5 Street Cine & Sub Bell Tel. Dow 6% • -8.50 Crosley Motors 21% -- common Low 14% Champion Paper & Fibre— Churngold Corp Cincinnati Advertising Products Range Since January 1 Sharea - ' 6% ZIIIIs x— — CHRONICLE rl High •—k Industries Aluminum . EXCHANGES ENDED \ for Week of Prices Low Par .. Sales Range j WEEK Exchange Week's Friday ' FOR r, . FINANCIAL OTHER STOCK RANGE ... , . COMMERCIAL THE *" .. . = ; 13% a30% a3l% aT 29% 72 Apr Jan . Jan 18 y4 32% 90 a6Y8 4% 12% May 2,492 12% a30% 9 2.50 Apr Jan 34% Mar Apr 8y4 Feb 7 " Kelley Island Lime & Trans McKee L_j. Sessions Lamson •& (A G) * _ 13 13% 10 13%' 9% class B——-1 350 10 233 r 29% 35% 11% Jan Blue 50 27 Mar 33 Jan Bolsa 45 ; 29% 35% Jan 34 Feb 37 Mar 9% Apr Steel Corp Diamond (Un) ; Borg-W'arner Cement— * 35% 1 (Un) Corp 5 * * : Metropolitan Brick Inc—i-jt—— 14, National Tile & Mfg —_1 4% ~4% 4 , 4% 4% Broadway Dept Store Bu.dd Co (Un) 4y8 Mar 4% Jan 1,055 3% Apr 4% Ohio Oil l__—> class B (Un) 39 _• 39 30 35% Jan 39 60 25% Feb 33% Jan Certain-teed a28Va a28%-'" >' Chrysler May 50- 15 y4 isy4 145 15 Mar 17% Jan Republic Steel (Un)— * 21% 21 Yz"' 267 Jan • 42 42 115 21% May 39 V* Jan 27% Richman Pennsylvania RR (Un) «—^ Bros .Standard Oil of Ohio common 10 Union Carbide & Carbon _» U S Steel common (Un) Van Dorn Iron .____ 232 22% Feb 50 37 y8 May a7iy» a73% 412 37 y8 * Caterpillar Products 69 Jan 1* Works Refining 8s Chemical— Youngstown Sheet & Tube For footnotes see page 2 . 44. .* 46% 8% 1,455 9 280 Feb 7% Mar Feb 8ya May 8% (Un) 12% 880 12 a55y8 a58% 246 Feb 59 i2y» - . — * 1 a55y8 33% Jan 6% Jan 10 Jan 53% Jan 10 Jan 9% Feb a51!A 1 Mar 14% Jan Apr 247 Apr 19% Apr 59 10% 13 Ya Jan a50V4 a52 % 275 50 Apr 56% Jan 38% Feb 46 10% 44% 378 3% 100 17% — 46 3% 10 Clary Multiplier Corp 26% Jan Colorado Fuel & Iron Corp common—* Preferred 20 37% May Commercial 78% Commonwealth Edison Co (Un) Jan Solvents & 223 7% May 9 Jan Cons Chollar 1% 100 1% Feb 1% Jan Consolidated Edison 64 62% Apr -Ton Consolidated tJA Corp Sou 7% 1% a63Ya a66 250 8 9 8 29% May 17% 200 3% Apr 5y8 May Jan 43 % Mar 7% 1% 23 (Un).. (Un) Corp Corp Commonwealth Warren 5% a43y8 a45% » 2.50 Tractor Co Cities Service Co 37 ya a24% a24% *> 779 6,692 9% Jan 500 Canadian Pacific Ry Co Ohio Brass 879 6 10 2 1 * Portland Medusa 30%. 5% 9% * Corp Oil Corp Chica Gould & (Un) Corp (Un)—* Sav Mng Co of Engineering * 23 N Y Corp al6% al7% — a26Vi 1 25 175 770 Feb a23% Jan Apr 15 Apr 17% Apr Jan 26% Jan 3 Jan 3% 3% 1.40 2,909 1.20 Feb 201 21% Mar 1,989 6% Jan 11 19% Jan 17% a22% a23% 19% 19 25% 1.25 3% 1 (Un)_* 87 14% al47/a a26 a26% a 16% 3% Mar 1.80 Apr 22% Jan 11 Apr 37 38 COMMERCIAL THE (2022) & FINANCIAL OTHER STOCK RANGE FOR WEEK CHRONICLE Monday, May 9, 1949 EXCHANGES MAY ENDED 6 >' ', ' l'-, •' • ' ■ . > .' . Range of Prices Sale Price Par Consolidated Liquidating Corp Consolidated Vultee Aircraft (Un) Continental Motors Corp America Inc Creameries of Class 11% 11% 140 a6% 50 a57% a57% 50 9% 9% 17 Va Jan 17% May • Transamerica 9% Jan 12 Va Apr Trancontinental & 6% 50 Feb 8% Jan Tri-Continental 55 Va Jan Twentieth 8% Union Oil Union Pacific United Aircraft Corp Jan 27 Jan 6 350 5 Feb 7 Jan 8% 8% a21% a215% 911 7% Jan 9% Feb 30 23 Feb 23 a59 Va a60Va 55 50% Feb 58 % Mar a22% 95 20 Feb 21% 57/8 (Un)—* 5% 8% a21% A Carbide 25 t Feb United Douglas Aircraft Co Inc Dresser Industries 50c Inc 4 Electrical Products Corp Bond Electric Power Oil Exeter Ltd Co Farnsworth Light Corp & class Fitzsimmons Stores Ltd Garrett 12% 12% 125 12% Mar 13 % 5 14% 14 14% 300 11 Feb 14% Apr 25'% 25 Va 25% 300 21% Feb 25 % May 50c 60c 2,300 49c Mar 1 1% 2,343 1 May A Radio & Tele 1 General Electric Foods General Motors 55c class A —1 (Un) Co 7% 7% 298 12% 12% 740 10 38 38 13% 13% Oil Hilton Hotels Holly class Calif of Co A Oil 116 119 321 * al2% 155 9 Va Feb 13 8 Va Feb IIV4 Jan Feb 2 V'4 al2 Va a 12% a9% :?,(a2. a2 a2 ' f: 27 27 135 22% Feb 29 Va 17% 8,615 7% Feb 17% May 10 1.40 1.30 1.45 1,700 1.00 Feb * 11% (Un)_« ~ a47 a47 Va 5 41% < 6 1,750 a9% 25% a9% 103 1% 1.25 1.25 3 3 a52% a53% 256 1.60 1,100 1.50 __ 5 11% v (Un)—• * (Un) American Aviation Inc North American Co al7% al8 11 11 11% Pacific Oil 100 1 (Un) Ry Co Northrop Aircraft Inc al4% — 2.00 * Feb Feb 59 Mar 1.50 2.10 Mar May Gas of Corp 550 147/a Mar 13 V4 10% Mar 22% Feb \ 26% Apr 11% Feb 14 3% 550 2% Jan 3% May 36% 36% 555 36% May 39% Feb 77% Feb 42% May 12" 12 — 71% 39% 73Va 1,210 69% Jan — 42% 1,260 35 Feb 12% 11% 12% 1,125 9% 6% 6% 200 5% al5% al5% 20 a23 a23 5 80 450 22% 5 a45% a46% 183 45Va Mar __ 6%* * . W) Co • 1 (Un) a46% 10 BONDS— ^ American Tel & Tel 2%s deb V;V''". ][■'■'[■■■%/;v''■' '' .«•'«,', 1957 103% 104% — Mar 12% 7% 14% 26% 7% 47% Feb Feb 14% Mar Apr Feb 5 May Apr Mar Jan Jan Jan V'' . 104% May 103% May $26,400 I Philadelphia-Baltimore Stock Exchange Friday STOCKS— Range American Tel Rights Range Since January 1 Low High Tel & High Jan 24% Mar 141% May 150% Jan liS May 21 % 100 142 Va 1 dV 1A 28,569 li-i May • :. 23% 12% 12% 13 1,119 12% Apr 10 % 11 110 8V» Feb 2% 3 1,030 2% Apr 49% Apr Feb Arundel Corporation Baldwin Locomotive Works Baltimore Transit Co vtc com 23 % * 220 23% 2,563 141% 145 % 13 __ liS 2% Corp Publishing 51% 50% 51% 249 • 5% 5% 5% 18 1 13Va Chrysler Curtis Shares • i—_————.— w for Week Low Par American Stores Sales Week's of Prices Last Sale Price 19Va Co Davison Chemical Corp Delaware Power & Light com Eastern Sugar Assoc common Electric Storage Battery Fidelity & Deposit Co new Motors Corp„ I 5 14Va Jan /'j-. 7-% Feb s 16% Mar 18 Va 16% Jan 20 97 11% Apr 12% Mar 42 Va 42 Va 124 20 12'/a 1,061 12Va • 18 % 19Va 43 Va Apr 51 Va Jan May 75 V4 Mar 41 Va 531 Apr May 67 67 % 67 69 % 95 59% 57% 59% 2,152 56 Va Feb 62% Feb 13 12 '/a 125 12% Apr 17% Jan Apr 11% Jan 12 Apr 5 Coal & Jan 57% 10 Gimbel Brothers Lehigh Jan 3.25 10 com General Martin Jan 12% / , 17 % 1 .' (Glenn L) Navigation 8 '856 " 8% 9% 10% 8'/a % 7% Va 8% 2,575 19% 10 18% 19% 1,053 15 15% 2,837 14 V4 Mar 17% 35% 35% 60 32% 37% Mar 25 8% 8 1 54 9% Mar 20 % Mar -- National Power & Light * Pennroad 1 • __ Corp Pennsylvania Power & Light Pennsylvania RR 50 Pennsylvania Salt Mfg com 10 6% Jan 17 V» 1" Jan . ... Jan 8% Mar " 15'% __ 20c Jan 70 9 Va Feb 11% Jan 16% Jan 19% May 1.85 - 25 Mar 14% Mar ••305 2.10 / " 50 17 Jan 11% Apr Jan 2.65 6 " May 1.90 8,700 Penn Water & 19% May Feb Jan 35% 35% 33 Apr 36 V* Apr 23 % 22% 20Va Jan 23% Apr 23% 23% 23% 24% 3,424 * 297 23 % Jan 25% Feb 3 Power Co 27% 26 728 26 May 40% Jan .* 22'/a 21% 28% 22Va 1,508 20 Jan 23 % " 28% 27% 20 28% 734 26% Jan 28 Va Apr Feb 20% 345 19% Feb 23% Jan 276 46 V» Jan % 53%. May 414 52 Feb ;r 60% • com *• Philadelphia div $1 Phhco Electric preference Corp common div $1.40 Reading • common common El Gas & preference Co common common i 20 50 common Jan 301 1,000 12c 11c Jan 19 ;,17% Feb *. Scptt Paper Oil Sun 22% Jan __ 2OV2 20% 250 18% Mar 20% Apr 32 32 32% 1,119 30 Va Jan 33% Feb a33% a33% 30 32% Apr 35 % Apr 26% Apr ■ Apr ' 58% 59% U 200 % Feb IS Jan 3V'4 20% 3% 21% 698 2 Va Jan 3% Apr 1,371 18% Feb 30% 31 55 1975 39 Va 40 $7,000 1975 / 3% 21 Va 20 Co____ 43 % 44 1,500 : * — Tonopah 1 United 1 Mining Corp United '. Gas 13 V2 Improvement Westmoreland Coal BONDS ;'"f'' , 22 Apr 30% Mar 37 Va Jan 37Va Apr 54 Va Feb 43 Apr 61 Va Feb j'V. Jan 27% 53'/a *53% + common..: Jan 25 Calif: Elec common & (F Public Service ll7/a« Apr 110 r f'.f .3 a27% a27% __ 25% Feb 1 Finance Pacific 20 138 3% __ Jan Jan Apr Jan 52% 476 ci 2Va 1.90 Feb 2% ' 10 (Uni.., Co -- 1 Co Feb 1.10 Mar a9% a9% — 10" ; : Jan 17 Va 19% 19% al4% al4% 6 6% 12c 1 (Un) (Un) 26 Va Feb 1.10 " 200 f 12 al8 1 —_' North Apr 18 Va May Jan 1% 150 1% • 1 (Un) Jan 1.45 Jan 85c Jan 22 11% Mar 550 1% 1 — Distillers Prod Corp Pacific a22% a24% 31% Mar 86 Jan Feb ' - Ohio __ Feb 78% 8% Mar Jan 25 15 95c 95c 6% Mar 1.15 Mar 14% Jan Jan 26 V4 Feb 16% 100 25% a 9% ; r 170 .1 Co— Montgomery, Ward 8i Co Inc (Un) Mt Diablo Oil Mining & Dev Central RR 923 18'/a 56% 7% May 1,535 18% 1 1 Co Nash-Kelvinator Corp 7% 1.25 19% 22% 125 Jan 46 V4 A Jan 5 200 210 Jan 9 Apr 24 Apr 15c Feb, 1.20 * Petroleum 43 Va 40Va 6% 7% 11 Jan Apr 5% Apr 40 18% 1.20 49% Mar 8c 839 41% 6% 1 Apr 8% 225 500 41 6% 10c 20 1 49% Mar a9c f . Jan 10% a44% a44'A 1 7 (Un) Jan 24 4 (Un)___ 13 % 31 5% __ : 11% May 27% 10 (Un) 1.50 Mar 75 V"; a9c 5% Jan 45 215 11% a27% a27% a27% 1 Manufacturing Jan 15% Co Monogram Pictures Corp 2 30 17% 100 (Un) Corp a9% 33Y30 (Un) Corp Oil (Un) Jan 50 Angeles Biltmore Hotel Co (Unl Oceanic 97 23% May 41 Va Jan 1 Co 7% Jan Mar Feb 5 (Un) Inc Tel 1,728 Jan Magnavox Co Northern Apr 4V» ——-———__.1 Ltd Woolworth May Apr Paper Corp 119 Feb 2.50 Mascot Oil Company Nordon Lines 31 . Mar 13% Mar Feb 6% Feb 20 a78% a79% * Warner Bros Pictures Inc Air 10% 100 140 350 433 30% High 10 Corp Consolidated Oil Co ' 12 Jan — 10 ' Jan 1,300 Lockheed Aircraft Corp New York 100 3V4 11% 2.80 Lincoln Petroleum Co National 10% 2.55 10c Merchants Apr Feb 2 200 2.55 Company Libby McNeil & Libby Menasco Steel (Un) i' Jan 1 Lane-Wells Los 45 531 6.66% Copper States Universal Jan County Land Co Laclede Gas Light Co (Un)— Inc Feb 9% Kern Loew's 42 % Apr Co Kenneeott 120 8% Corp Kaiser-Frazer United Co " 13% May 2% (Un)___^—15 International Tel & Tel Corp (Un)—• Jade Jan 75 International Nickel of Can Ltd International Feb 11% a9 RR Co Iron Jan 62 V4 11% 2%" Rubber ,J Low 10 37 25% J • Range Since January 1 2,314 7Vt 7%' __ ' Jan 42% Feb a8% Independent Exploration Co Intercoast Petroleum Corp Interlake 39% 57 a9 Inc Central Illinois Feb 41% Mar Co_ Corporation Hupp 35% 5 Hudson Motor Car Co Foods Mar — Corp Development Hunt Jan 13 11% 1 States 11 % 10 Westinghouse Elec Corp (Un) Willys-Overland Motors Inc (Un). 8 Feb * (Un) (Un) United Shares 23% 23% a26% a33% a33 • 1 5 (Un) .. Western Union . 3 Graham-Paige Motors Corp Corp (Uni , Sales all% all% __ 25 (Un)___ Inc Lines United ,'V**p , for Week 50 common (Un) Co Jan 7% 449 a41% a42% a42 RR Western 7% Mar 1,609 f Air California r. High — Film Jan 65c 105 59 5 (Un) 57% Jan 696 a41% a42 % a42% Goodyear Tire & Rubber Co common-• Hancock r ■ • 10 common Util Corp 7% 12% * (Un) Corp Greyhound Corp • 2 Corp General Public " 1 Corp Corporation General Jan (Un)___» (U11) Share Co & Electric a24 & of •., (Un) • Carbon Corp <Un)__* Union t . 11% — —1 iv- of Prices 11V4 Air—___5 Western Corp (Un) Century-Fox Mar 10 Feb 2 Corporation , Low Par High 54 Va Mar 575 a23% a23% — (Un)___ common 1 Curtiss-Wright 1,910 9% 5 Co Corp Curtis Publishing 17% __ __ 1 (Un) Zellerbach Corp Crown V 1 (Un)_ 17V4 — Low . Range Sale Price Range Since January 1 ii . Week's Last STOCKS— High a6% 1 5 (Un) (Del) Shares Low * Continental Oil Co for Week v.i Friday Sales Week's Last ' , •' Friday STOCKS- % Baltimore Transit Co 4s 5s series A ' 6r,'o preferred 5% preferred 5% red 25 25 25 .' , a33% Pacific 10 Pacific Western Oil Corp • 10 * Airways Corp (Un)—2% Pan Car American Co (Un) Paramount Pictures Inc Pennsylvania Pepsi-Cola Inc Pure Co Oil Radio Corp (Un) of America (Un) Republic Pictures Corp (Un)_: Republic Steel Corp (Un) Reserve Oil & Gas Co Rexall Drug Rheem Manufacturing Co Ranch Co—l Oil ——:___ Ryan Aeronautical St Regis _ (Un) Co Paper Schenley Industries Seaboard Sears Shell Roebuck Union Sierra Apr 3% Feb 4% J"an 15% 15% 275 15 Mar 17% Jan 10% 10% 150 8 Jan 12 Apr 40% 40% 215 40 Va Apr 53 36% 36% 385 32% Feb 36% May 270 25% Feb 32 " __ 40% __ % 30 — 11% 5 30: 11% ' 12 Va Feb 14 8% 955 8 Feb 9 Apr 5 5 11,630 5 Mar 6 Mar 985 1,136 - __ 3% 3% 21% 21% 21% 622 "A 4% 4% 300 5% 5% 5% al6% 2% 27% Jan 3 Va Mar 5 Va Jan 2,325 4% Feb 5% Apr 61 19% Jan 19% Jan al6% al6% , * 62%c 60c 65c 5,450 37% : 37 38% 13,698 60c 25 , , __ 450 5% Feb 22% 620 17 Va Jan 22 Va May 7% 7% 150 7% May 8% Mar 27 250 26% Mar 17% 18 a43% a45% 37"% 15 37% 37% 'a34% a34% __ 7c' 24% ♦ 25% f 1,068 15 16 16 161/4 803 5 32% 32% > 27% 28 V4 Socony-Vacuum Oil Co Inc (Un) Edison Co Ltd Standard Oil Co 39% class A__25 : (Un) — 20% Brewing common Pitts Screw • 18c . 28 Bolt & Feb 17% Jan 29% Jan 32% Apr 27% Apr 29% Feb 1.429 29% 2,205 • 384 766 a33% a33% 30 41 576 28 Va Mar 2y% May M«r' * 23 % Apr .Tan San Spring Air Brake— ?*> Va 3=;% Jan 40 49 Va Jan Apr a32 a31% a33 369 34% Mar 37% Feb 18% 18% 18% 203 17% Jan 65 66 1,297 Apr 56% Mar 21% 65% 67 Va Jan 41% Apr a41% a40% a41% 186 37% Feb 25 a69% a67% a70 242 65% Feb 72% Jan 1 19% 19 19% 1,789 16% Feb 21% Jan 1 llVa 10Va 11 Va 2,245 9% Feb Sunray Oil Corp common (Un) 25 Company (Un) Texas Gulf Sulphur Co (Un) Textron Incorporated ______J. 50c ' * see page 44. Jan 10 Va Jan 35% 92 21% Jan 24 V4 Apr May 8% Jan 100 18 Apr 23% Jan Apr 2% Jan 2V4 2% 29 Va 160 28 32% 32% 178 29% Mar 11c 15 Va 27% 27% 22% 35 Va Jan 8% 57 6c Feb 16c Mar 14 V4 Jan 16% Jan 27% May 34% Jan 139 22% 26% Jan ■ , 23 7% 51 20 2,000 ,; 28 Va 22% Feb 34 493 54 10c 15 Va Jan Apr Feb 70 8 51 54 39% Mar 7 516 8 Apr 10 Apr Feb 2 Va * *.. 11% Jan 29% 29% 260 287/a Jan 30 Feb a53% — St. Louis Stock 65 , Apr May Apr 25 Sales for Week of Prices Shares Week's Last STOCKS— Exchange Range Friday Par Investment American American Tel a56 155 49 Feb 54% Jan Tel & common (Uni— Bank •: V 100 1 Bldg & Eqpt common Mfg common Falstaff Brew Electric General Motors common common common (Un) (Un) Griesedicck-Western Brew Huttig S & D International common Shoe common Knapp-Monarch common Laclede Gas Laclede Steel common., Midwest Piping & Supply com American com (Un) 141% May 1,333 li5a May If* May 9% 100 9 9% 10 — a9% __ 23 a62% a62% 35 58 Feb 64 Mar a9% 50 10 Feb 11 Jan al5% al5% 170 14% Feb 15% Jan Stix-Baer 23% 462 20 Va Feb 25% Jan Wagner a9% 23 St Louis Public Service class A Sears Roebuck & & Co(Un) Fuller Electric common common Apr / 6% Apr 18% Feb 23% Feb 32% Apr 37% 254 35 % Feb 40% Jan 525 56% Feb 62% Feb 200 19% Jan 25 Apr 28 110 27 39% Feb 41% , 59% 25 27 42% — 16 Va 60 57% 27 , 270 42% 175 6% 6 Va 150 6% 1,155 5 Jan 100 28 6% May 40% Jan 6 Va Apr 44 Va Jan 8% Jan 6% Mar Jan 28 21% 28 Apr 34 16% 16 Va 80 16 % May 18 20% 21% 130 19% Mar 21% Feb 16 Jan 17% Apr 15% Jan 19% Apr 5% Jan 39% Jan 17% 17% 100 19% 17 Va 10 19% 30 1,082 " • Apr 17 31% 24% 58% 20 25 Jan 562 If* • North High 17% May 150% 37% __ 5 —* * Feb 31% 37% 6 1 Low 16 230 17% 17 1 • 10 4 common Meyer Blanke common 9% 3 1 * 31 Range Since January t High 141% 145% 142Va 132 Burkart Low 17% _1 Rights Missouri Portland Cement Texas For footnotes 12 Va Feb 8% 550 18 12.50 Westinghouse Electric Corp Jan 9 29 % 29'/2 1 1 Steel 10 Va May 45 7 18 Jan 9 '/a May 19 23% 7 10'/a 123 High 26% Apr 7 1,081 ■v>:; 37% 23% ,_5 10 —* * Toy Mining Westinghouse 36% 37% Pittsburgh Steel Foundry 5%. pfd—100 General 26% Mar • (Un) (Un) 9 Anr . 25 Tidewater Assoc Oil Co 9% 9 10 Corp Jan 24 1,383 27V4 24 Mar (Un) Preferred 11 9% * Pittsburgh Plate Glass 26% Mar (Un) Co Supply preferred $3.50 10% 9% 10 Fuel Pittsburgh 10% 1 Co Gas Mackintosh-Hemphill Mountain 10% Sale Price 15% 28% 23% Feb. (Ind) & Star 10 Va Feb Standard Oil Co (N J) Swift Manufacturing Lone 233 10 Va Jan 10c Feb 40% a33% • (Un) Calif Studebaker Corporation Joy 25 * 1 Jar. 38% May 19% 27% _25 of Co 29%* 25 preferred Oil 27% 25 : Standard Brands Inc Standard com__25 25 pfd Feb Feb 7c 4,087 6% System., Brewing Apr 31 Va 3,400 Co Pitt 21% May 6% Feb 129 9% Jan 41 34% 2,000 19C Gas Gas — Duquesne Brewing Fort 21% 9% * 5 Co Low 21% 21% common...*' Range Since January 1 High 19 % Mar Apr 25 7c 23% Calif 27% Jan 512 7c 19c Southern Pacific Company Southern Railway Company Columbia Jan 16% 72 22% Sou fi% 41 1,625 22% 4.32 % L) (D Co Gas Shares " 18 ' __ • 4.48% Clark Standard 5% 1 4.56% 38% May 27 — ._25c Corp Calif 72%cMar Jan 22 % 5 * Corp Corp preferred preferred preferred May 5% __ Sinclair 4.38%, 3% May Jan 21% May Signal Petroleum Co of Calif Southern Jan' 11% 8Va 8% 4 Jan Apr Natural • Steel Ludlum Arkansas for Week Low Par Allegheny Sales Range of Prices Last Sale Prioe Jan _* Signal Oil & Gas Co class A Oil Apr Apr 8% Week's Friday STOCKS— Jan : (Un)— & Co Oil Trading 39% 945 24 1 1.75 50 4 10% 1 Co of Del Oil (Un) Inc Co Finance Seaboard 41 3% Pittsburgh Stock Exchange Apr Mar 5 : 53% 20 1 Safeway Stores Inc Apr 372 • Company 51 2,200 • 1 1 582 Jan Mar 9% 1 Richfield Oil Corp common 61 21% 2.50 ;— Jan 9% • 1 Inc 51% 21% 50c _ 200 28% • 9% * « % Mar 55 : 21% 1 1 25 (Un) Radio-Keith-Orpheum Corp (Un) Republic Petroleum Co (new)_— Rice 53 % 33%c (Un) 28 100 53 53 % a40% a40% __ 50 (Un) Phelps Dodge Corp Pullman (Un) RR Co Co : ' 27 54 % 3% Packard Motor ; 27 a40% (Un) Indemnity Corp Pacific Lighting Corp common 25 a27% a27% — 4 Va May Jan 50c 4% 4% 4% * 38% 37% 38% 60 12% 12% 540 12 Va May 13% Mar 37% 38 244 37 % 46 5 15 38 34% Feb Apr Jan Volume 169 THE Number 4801 . COMMERCIAL & FINANCIAL Friday Par Air Reduction Alaska Co Juneau Mln American Factors American Power Rights American & i w (Un) 20% 21% Feb 250 2% Apr 3% 3 900 2 % Feb 3 9 9VB 19 19 a9% a9% al2 al2 (Uni * Tel Co (Un) Co .100 hi 10 22 Feb 10 Vz 1,887 18,713 12 Apr 14% Apr 53% 143% 53 % 234 25% 26% 26% 674 25 % (R H) —" common Jan (Un)__._ Mother l Lode Mines 61V8 Jan 37% Apr Feb M J & M & Monolith M Cons Portland Copper Mining Anglo California (Un) 50 National Bank 20 Arkansas Natural Gas Corp cl a Atchison Top & Atlas Corp Atlas Imperial Santa Fe (Un) Diesel Locomotive Bandini Petroleum Bank of •Barnsdall Easln Oil Oil Bendix Co Co Un )_—_, 1 Cement pfd common.— Corp (Un) Steel 30c 3,500 6% 1,078 Bunker Hill & 17c 18c 6% 21% 21% 4% 400 2.50 ftftift' 20 295 % Feb 20c xx_;_. Calif Ink Ore Pr California Celanese Central Co of 6 2 44 32 55% Jan 775 Feb 36 V4 Feb 59% Apr 30'/2 32 32 445 a6% a6% 110 Apr 25% Mar 95c 58 loo May $5 Feb ft. 1.80 Jan 31% Mar 34 y2 Jan 8 Vs <•* Jan Feb 6 Packard Jan Pan Jan Paraffine 47'% 47% 431 42% Mar 27 27 125 25 V2 17% 10 17% 17% 120 * 11 11 ...232 * 15 15 100 Consolidated Chem Ind class A Vultee Gas Y Aircraft 17 Jan 15 May 2% Jan Jan 26% 40 197 35i Feb 44% 200 530 88 11% 6% Steel Co America of 232 3% May 4 '/4 100 ■ :ft 50 9% 9% 290 322 Radio Dow Chemical Eastman El Co Kodak Dorado Electric Oil 8% Feb 6'/2 Feb 322 58 8% Bond Emporium Share & Capwell Co Jan 10 Rheem 23% 2,473 97 72 94 Mar" 94 94 19 94 Feb 23 y8 ; Feb 27'/8 Farnsworth 1 Tele & Radio— Name changed to F A R i Liquidating Corp Fibre Mar Board Prod Food Foster & Kleiser General Electric General Foods 'General ■' Golden Paint State Co Ltd 200 27% 27% 398 24% Apr 28% a44% a46% 18 43 y4 Apr San 48% Mar 42% Feb 47% Mar __ 44% •' , North Ry „: — 14 150 35% 885 33 % 1,200 Corp Stores Maurico 28% Jan Feb 54 Jan 345 100Va May 49% Mar 104 52 50 16% 18% 160 15% 25% 26% 394 90% 91% 164 * 140 3% ft g3/8 9% Bros Stores 1 % 1,358 11 22% 22% 447 5% A Hawaiian Pineapple Holly Holly Development Oil Honolulu Hunt Co Oil Foods — 5% 800 37% 1,456 41% 10 59 a 38 41% ft'—, \ V*- 59 12% a 12% 20 .11 11% 58 — &41% 58 10 111 2 'ft 983 a4l% a42% •*... 38 Feb Jan ;,|i 14% Inc....—— 135% - 1 105 International Nickel of 1,020 5— Mar 28% Jan 6 Vb 36 Apr Feb 39% Jan 42% Apr 56% Feb 62% 12% Mar ; 10 v 57 16'/4 . Feb Jan 12% Feb Jan t. Apr 62% Feb 41% Feb 44 Jan ' 2% 2 Apr 38 617 38 May 11% 270 10% Feb 575 16% 310 20 Mar 24% Feb 15 Mar 17% Jan 11% 80 20 • • 500 12% Jan Apr 11% Mar 13 ft' Kaiser-Frazer Corp Kennecott Copper Corp (Un)__ Calif (Un) Edison preferred 4.32% Conv pfd Kern County Land Company...I—III5 13% Feb ' 19% 799 16% Feb 2.70 600 2.60 Apr (R - G) Inc ..10 , —_ For footnotes see page 44. _ _ 1 58 ft 14% Apr 15% 791 30 270 25% Feb 12% 956 8% 11% 100 7% 232 ' Jan 32% • Apr Jan 8 Feb 21% Feb 8% 8 Apr Mar 7% Mar 14% - 9 - 8% Jan Apr Apr 22% 23% 29% 29% 310 29% May 28Va 34% Jan Feb 22 22 283 21% Apr 26% Jan a35% a35% 130 35% Jan 36% Feb 16% 340 16% Apr 19% Jan 38% 8,882 24 407 21% Feb 25% Jan 27%ft-ft' ft'50 25% Jan 29 Apr 22% May 228 com Inc Co of Studfebaker Co 25'% 448 20% Jan a27/8 12 3% Feb -19% 22Va ". 23 1,655 16% 779 Texas Tide So & (Un) Union Union Carbide Oil Co 4% 154 4% Feb 57 57% 365 „ 9% 330 52 248 24% 25% Feb 419 26% Mar 29% Jan 28 29% May •' : a24 a23% a24%' 27% 27% 27% 29% 28% 29% 1,500 28% 28% 175 33% 40% 33% 40%'ft 25% 25%' a8% a8% ... 25 'ft — .-ft __ __ 18% • * (Un) ft 25 ft 18% (Un)_10 16% 25 25 a53% a55% - .... Feb 5 . 66% 8%" Feb Feb Jan 10% Mar 200 2.20 Jan 260 32% Jan 32% Apr 17% 2,530 7% Feb 17 y4 May a27% 1127% a 10% 4. , al0% i 110% 150 1.90 Jan 28% Mar 8% 31% Corp Apr 5% 5% 5% 415 a44 a44 % a45 217 44 42% 41 42% 684 40 29% 29% .— ' 30 10 10% - 53 212 Corp Apr Equipment Westates i (Un) 9 Jan Apr 55% 46 y4 Jan Jan Jan 67 Feb 72% 344 16% Feb 20% .14% Mar 50 2 30 Jan 16% May Mar. ; 30 . Mar 54% Jan 23% 1,197 20% Feb 25% Jan 11% 5,067 all% al2% 51 10 10% Jan Jan 12 Mar 13% Mar 36% Apr __ a38 30% 13'/4 (Un)_L„ 5 ; 10 — L _iE 12% 1 - • ft 30'/b 49 243 ft a36% a37% : 535 31V4. I —ft (Un) 5 (Un) 3% ... 25% 1,119 41% Jan 31% Mar Feb 13% Jan 24»/4 Mar 10% Jan 14% Mar 3% 455 2% Jan 1 - 69% 73%- 1,020 35 Feb S'/b 225 8 Mar 12% 95c 1.20 3% 1,532 .ft: 19,370..;. 9% Apr 78% Jan 470 11% _. ft. 24 • 8 —\ ' Feb 11% Mar • 450 300 41.41% 71% __ 1 common ; 12% " Feb 12%- 13% ft a22% a22%". 12V4 71% 10 _ Jan 45 Jan 9% Jan Jan 12% May Feb 1.20 May 1 '1.15 1 ; Lines Union Jan 7'A 6% ft 7% 3,600 6% Jan 7% Jan 1 al9% al9% al9% 100 19% Apr 5% Feb 22% Jan 7% Apr " Inc (Un) Telegraph 1 (Un) — 12% 23% 7 200 15% al5% 5 23% 315 250 7 __ 4 a 85c Feb 16% Mar 22% Apr 5 Apr 44% Jan 26% Jan 7% Jan 15 Jan Feb Air 20V2 67% 22% 25 West Indies Sugar common.. Western Jan 18 11% a55 —12% Co: Petroleum Preferred 9% Mar 23% (Un)__—• (Un) Warner Bros Pictures Jan Apr 35% Jan 11% 5 common U S Steel Corp common Universal Consolidated Oil" Victor 49% 27% vw 2 Inc.. of Del Feb 10 common— — Calif Lines Apr 28% Jan 143 ft . Jan 11 Feb 5% Air 33% ' 56% Feb 377 1,948 16% 16% a29% a29% — Apr 39% 33 19%! Apr Mar 25% May 9% Mar 72;'. 235 69% Jan 27% 1,044 18%ft 18% ; • '66% 69% __ 1 : com 18 64% __ 3'/4 Mar 32% 900 Aircraft United Apr 28% 32% May Sugar common cap.. United Jan 23% Mar (Un) Carbon & of Apr 17% 29^4 Calif Oil Corp Feb 24 636 (Un). Ass'd ft Feb Feb 390 — Company Water Transamerica 15 3% 32% A ser (Un)— Superior Portland Cement Swift ft. : 16 — 4.88%—25 of N J Jan 25% Mar 24% a2% 25 Corp 38% 25% 2 Inc Co Jan Feb 31 ft _ 31% common Oil Mar 39% 120 1 Brands 11c Feb a34% a35% __ • Standard Feb 25% 25 pfd Jan 6c a35%. __ 23% May 16% 34% 1,205 11,800 405 ._ 6% Mar 32 4 Standard Oil ft 7c 6c 38% May Jan 5% Mar 200 23%" 21% -25 25% Co Corp Spiegel 5% —25 Gas Pacific 36% 23% 27% 5 — preferred California Sperry 16% (Un)—* ; Co 4.56% Convertible 19 y2 May , 29% May 9% Mar Westinghouse Elec Willys-Overland " Leslie Salt Co LeTourneau 49'/2 a36% a38% \ 15 — 4.48% Preferred Western 1 • 11% Apr Feb 11% 7c ft Union " 190 (Un)_* * ' Jan 40% 52V4 ; 15 -ft Jan 20 Feb 8% 210 'ft.- 22% • Coalition 2% Mar 39% v 15% 190 „ 17% (Un) ,v 10Ve Mar --181 a38% '. 15 — Transcontinental & Western Air.. 32% com ; , 15 Jan 41'/a May H% 9% — International Tel & Tel Feb 18 5% * Oil King Southern Jan 1. Canada Jan 21% •.-ft ft- .1 P10 Sinclair Oil Corp (Un)Socony-Vacuum Oil (Un) Soundview Pulp Co.. Apr 108 22% May 4% 4 % —ft'--6% (Un) __1 Apr 4% <> 10% 37% N Jan 7% Feb 19 —— Maryland Mines Corp Co..—ft—— Feb V' ft-r 8'/4 aGl^a a61% __ ? < Jan Mar 2.70 Power Independent Exploration 96% Mar 142 % Jan 3% 336 a39% a40% __ " ; 5 Mining United 19% ' .{-ft 26% May 17% 23% 1 5 Jan 14 is6 May 500 12%' ft 12% ft Corp— ■ Feb Feb 15 a35% ft: Signal Oil & Gas Co class A— Jan 39 Feb 38 . ft ft'"--;.: LLi (Un) • Idaho Co LtdJ——• Co_^ 1 Inc ' Idaho •' Apr 21% — (Un)—• Co...ft Standard .——3 Inc.. 18% ' ' Hale Jan Feb 89 40 'ft Jan 58 24% 805 4 .-'..ft ft __ * — class Co Roebuck & Co Southern 1 -.1 (Un).* Apr 23% • 106% 106% • ... Apr 10% May 12'/2 Mar ft 1 .100 pfd non-cum Corp Feb 35% Jan 50% 8 1 ft; Shell'Union So 1 V" ___* „ 2,270 ' 14 ft * (Un) 187 11% 4 ft ' Graham-Paige Motors (Un)__ Greyhound 9% 6 ft .7% Jan 35 14 • . • : .A , 44% 10% 11 % 2% common 4'!c preferred Goodyear Tire & Rubber Great 1,182 • 'L Cement Safeway Jan 4 a46% ' common... 33% ft, 26% 12 Apr ■7% 4 pfd ftJv 20% Feb 8% "ft 37% (Un) ft— * Corp.:.....L_. ft 59. Corp Apr 5% 4 l (Un) •' '• ■ 20% 50 8% Corp Motors General '• ,,I common.....: Co 25 ft" ft, 8% . (Un)__—100 Machinery & Chemical__.__.__10 pr Oil Sears 6 1 , Jan 52 1 -Bros Ryan Aeronautical Jan 95 6 —5 *" -• 32% Jan 706 .'ft, 1 Manufacturing Co Jan 97 . ftv a20% a20% (Un) —10 * May 30% 29% 25 Richfield Feb 96% • ft L-s..; Apr 30 ; 100Va 100% * common.. Riverside Apr 325 23% 15 (Un) Co.. Incorp 33 802 Jan Apr 233 -ft • Preferred 918 " 54 __ • (Un) 4,492 6 21 Apr 26% 11% ft. Apr 8'/4 Jan 94 * Eureka Corp Ltd America 32% 33% 3% 18% Mar 53% : • (Un) 200 26% __ (Un) 836 30:i30% __ 25 Feb 4 20 33 21% _33y3c Apr 31% ■ Silver Works.— 13 Vb __ Republic Steel Corp (Un) • Reynolds Tobacco class B (Un)______10 54% Mar May 322 23% • (Un) common Corp Rayonier Jan 12 Va '54'/2 Mar ge% * common....^. Co of 23 Vz Mar 43 Va Apr * ft. _ "(Un).— Co common Roos 1 Publishing Co common (Un)__* Cuitiss-Wright Corp (Un)— 1 Mfg Co Dominguez Oil Fields Co 12 ' a54% a54% Curtis Doernbecher Jan 80 140 50 Orpheum (Un) Ry Equip & Realty Co Ltd common Feb 21% Mar 41% 5 (Un) Cola Pure Oil Co ; Crucible Jan 13 Va 4 1 (Un) Radio Keith _=» ft— v 33 11% May 3% -.ft; : . * (Un) Co Puget Sound Pulp & Timber ■' Corp common RR Jan 28% Mar __ • Phelps Dodge Corp (Un) Phillips Petroleum Co^ Jan 11 100 _ ... — Pepsi Jan 3% 1 Bank... Pictures ^3% May 25% 6% I_ 5: Creameries of Amer Inc.—— Apr •375 23% 1 com (Un)„.1 11% 1,550 3% 1 (Del) 10% 3% 22% 23% (Un)_15 (Un) Co Jan Jan (Un) Companies common Paramount Jan 19 . 26% a41 % a4l% (Un)__• Co l8'/2 17% May Feb Airways Pennsylvania 40 5 Co of N Natural 16% American 2.65 Apr 50 ft 90% • *'• 1.95 Feb Mar 560 .100 ft. 41c a29 __ •" •' Feb iiy2 „ • (Un) 400 Jan 15% al2'/4 al2% 100% 4 • 2.15 Jan 60 Feb 23c 200 11% Feb a29 __ 100 com 27c 2.00 Apr 3% * Coppermines 47% May ""29 Jan 26% 3% •" 27c Mar 15% ft ft 5 53% 10 common 10 41 • 260 32 . (Un)__; 8 43 — 25 > 32 Vz 25 41 __ ft 25 com • 57 y4 (Un) Mar 20 — Tel Motor Co ' Feb Edison Consolidated Edison Service & Tel Apr (Un) Jan Jan 18 4 common.— Cement preferred Pacific 30'/a a 11 Feb 20 • Public 1st bu'/2 17% Feb 17% 11% 25 Corp Pacific 30 a 9Vb 32 __ 25 common.. preferred— Portland 495 I. 170 al0% alO% al2'/4 32 % Mar Woolworth 10% Yellow Feb Cab (F Co Corp Motors W) (Un) common (Un) (Un); 1 10 1 5 __ — f Apr 9% 5 preferred' 51% * 12% 10 preferred—— Lighting 50 % a23% a23% 11% 10% Mar Jan 4,400 25 (Un) & Southern preferred red 5% Pacific Jan 54 412 1.40 10V* Mar 2.00 5 preferred 1st 19% Mar 1 956 Apr Jan Feb 30 20 Commonwealth 2nd 8% 46% Electric & 1st lo Solvents Preferred Gas 5%% 3% System Natl Jan 109 (Un)„__•> : Continental Motors Pac Jan 25 y4 503 32% 1.20 22 Mar Feb al4% al4% 1 — 7% Mar ; 300 * Pacific Finance Corp (Un) Jan Feb 11% __ __ * ' Jan Feb 6% .11 ,11% 27c cap—— 15% 11 Apr 9% 50 •• a7'/8' 9% .1 ...... 12 •" • 150 Apr al9'/4 al9% __ 100 Filters class B— Pacific "I. 55% 55% a24% a267/8 1.20 May 23 10 110 32 14 '/2 Corp Pacific Coast Aggregates Mar '-..J 10 (Un)__ Pacific Amer Fisheries Jan 9 100 common 270 22% 17% , al9'/4 Cons Feb 19% Mar 145 9% (Un)—10 Jan 8 11% 11 1 12 22c 57% Mar al8 __ (Un) Railway Feb 6% May Jan Jan 52 Vb ' 427 10% -10% ft a7% Jan Jan 35c al7% ... « (Un)—_ United 6% 500 110 50'/a • Co Co • Preferred RR Zellerbach May 7 1 Commonwealth Crown Mar 8 7 x Crocker First 47 a4l% a41% • Oil 45 100 430 2.50 Gas Feb 8 8 1,280 America Preierred Consolidated reo 15% Colorado Fuel & Iron common Continental 40% 40% 23% • Clorox Chemical Co Consolidated 110 14% Cities Service Co (Un) Consolidated Jan 23% ♦ (Un) Commercial 2.60 100 Corp Columbia 1.95 Mar 14% (Un) Chrysler 2,455 Inv Petroleum Oil " (Un) common Oil Pacific Oceanic Oliver Jan 2.20 American American Ohio Oil Jan 14% 23% common com Preferred Apr 7% Mar 8 Mining Co Paul May 260 a43% a45% a45% Co Chi St May 34% Mar 33% 2% (Un) Chesapeake & Ohio Ry Mil 30% May 29% 2.01 * Tractor Corp 170 585 Co Ocmidental 13 30% American North Feb 30% • n-c 1 13 43% a40% a41% 5 ; pfd Mar Aviation Northern 12 ■; (Un ) cap American North Jan 10% 2.20 10 Co 6% Eureka 150 42 Jan 10% l — 13 .* cap Company North Apr 355 30% 3 Store— Packing Corp Caterpillar 13 10 10% ■'-4% 9% Mar 12 .1 (Un) York Central RR New Apr 30% 30% 5 (Un) 11'/a Apr 310 • Cement California Mar 11 400 •' a44% a44% Natomas Jan . Apr ' —— 2.10 Jan 17c 465 .. 17% ft 1.50 Mar 26,000 54 Apr ft 24 Apr 22c 2,000 6% __ Apr 11% Feb 22% 4,100 Jan Jan 37 a„ 1,380 25c 53% , __5 .... Prod 1.75 f' Feb 11% - Feb 18 23% Apr 9% 100 24c 1 North 4 5" (Un) Distillers Mar ..7Va 305 Byron Jackson Co Calaveras 32c 9% 15 Sullivan 150 Corp Lines..... 220 1 Fibres.. City 261 10 —1. Auto 16 • (Un) (Un) : National Mar i • Department 11 Co National 20% Mar Feb 6Ve Nash-Kelvinator Co National 6 10j _ • Bishop Oil Co Blair Holdings Corp (Un) Broadway Jan Apr 27c & Monison-Knudsen May 9% (Un).:.. Borden Co (Un)______j Boig-Warner Corp (Un; 9 102 4%',Feb 30c 11 Jan J^n 6V2 102 20% Mar 6% Jan Ward 31% Mar Jan 50 3 .100 34% Apr 28 % 200 (Un) common Aviation Bethlehem 1 120 V 5% 13 A__— N 30 150 10P (Un) ; California 9 5% 2.50 (Un)__x com 167 a90% a90% a22% a22% 5 Baltimore & Ohio RR 30 % 9 100' Engine— Atok-Big Wedge Mining Co. Avco Mfg Corp (Un) Baldwin 30% (Un).* (Un) 1-425 a28% a30% a28% Montgomery 123 1.6O . 24c , Anaconda May 30 alO Jan 31 • Apr 35 35»/8 15 __ P10 lft May 11 a32% a327/a 22% 23 23. : 30% Mar. 21 30 __ 10 50 8% 21% Apr 18 Vb May Jan 82 alO 15 18 14% 363 21 Va : __ • (Un) Mfg Co.... Mindanao 21 Va __ Meier & Frank Co Inc.: 595 High 7% May *'16% Jan a30% a30% r«% a!0%. a9% _1 Robbins Inc & a30% 270 400 18Va 17% .-— 5 L) Navigation Co McKesson s Low 7% 19% 7% — Range Since January 1 High 19* 1 (Glenn Shares / —•. Co Co Menasoo 149% Jan % May 53 y8 Apr (Un) Co Matson Feb 53% • Martin Jan 45 Ye & 1 Calculating Machine Marine Bancorporation (Un). Apr 63 Inc Corp Marchant Jan 7% Aircraft Magnavox Mar Apr 260 - 144% 144% % lft • (Un)____14 (Un)— '"Jan 19 15 a44% a45Va ; — 7 10 - Macy Apr May 450 ... Loew's Apr 3% 2*8 (Un)—20 cap Light „, Woolen 180 Lockheed High 3% — Viscose Corp com American Low High a22%a23%* a23% Range Since January 1 for Week of Prices Low ft'ft 7 — Sales Range Par Libby McNeill & Libby i Ltd & Shares Week's Last Sale Price 10 Amer Radiator & Stan San (Un) • American Smelting & Refining (Un)—• American Tel • in Co. (Un) American Airlines Hie ; * (Un) Gold Alleghany Corp of Prices 39 6 STOCKS— for Week Low MAY Sales Range Sale Price ENDED Exchange Week's Last WEEK Friday San Francisco Stock stocks— FOR (2023) EXCHANGES OTHER STOCK RANGE CHRONICLE 23 5 5 45% 45Va 7 7 . 300 200 6% Jan 47% 7% Jan Apr • 40 (2024) & COMMERCIAL THE CANADIAN RANGE WEEK Monday, May 9, 1949 MARKETS LISTED FOR CHRONICLE FINANCIAL MAY ENDED 6 Friday Montreal Stock Exchange Last STOCKS— Oaaadlan Fonda Friday STOCKS— Week's Last Sale Price Par Abitlbl Power A Paper $2.50 preferred 131/a ~20 ai i* 18 k Algoma Steel * —_ Asbestos Assoc & Bathurst Bell t preferred k Power tight & Trac Feb 24% Jan 42 44% 610 42 Apr 56 51 53 580 50 % Apr 61% Jan 25% 110 25% Jan 26'A Jan Power Corp eye 6 6% 335 5% Mar 6% Jan 20C 20c 500 22% 22% 23% 595 a90 a90 10 20c Jan 26'A Jan 22% May Jan B 19 18% 19 360 •4iya 41% 4,553 18% 18% 19 2,618 13% 13% 14 129 24 23% 24 1,005 22 Feb 24% $1.30 preferred 24% 100 24% Apr 25% Powell 18% Feb 20% Apr Power Corp 12 Jan 14% Apr Price Bros 2% 725 2% Feb 320 24% Feb 26% River a2 a2 2% Feb 3% 3 15% 50 15 Apt 5% 5% 215 5 26'A 28'% 1,330 26 % May 15 % 15% 100 15'A 22% 23 464 28% 28 28% 163 27% 22 100 19% 22 Breweries Canadian Foundry Car & 2nd : Jah 57/b May 2nd . 22% Jan 10 14 113 36 30 19 Jan 15 series Apr Simpsons Ltd 4 '/2 %. preferred—. 98 Jan 98 Jan 13 Mar 14 y4 Jan Southam Press Co—— Southern Canada Power — Mar 37% Feb Standard Chemical common 21 Jan 2,071 520 12% 12% 360 12 % Apr 14% 15 195 15 Apr 17 Jan class A pfd Class B 20 Cottons Foreign 19% Feb 22% Mar 39 37 Feb 20 May Investment al3 15 47 47%' 150' 26% ~~ * common 50 al3 ■> 1__; Canadian • 65 10 26% 40 9% : • ____» 9% 1,140 9% 545 30% 50 96 Feb 98 Apr qo 16% 387 7 1,135 6J/2 111 7 -. 6% .50 Jan 16 . 91% 12 370 12 Apr 10 23 85 75 Apr $ 41 673 _ Jan 14l/4 Feb " a77. Jan 10 6% May a23 , ' 17% Jan . Mar 6% : Jan 'Jan 24 86 Jan 44 y4 Apr 25 Apr ■ 39% Mar , 24 T 23 \ Feb 442,. 46: Apr ■.■i. 50 !19% Apr .. 15 140 Jan 24% 46 24 ,• 46% 2,500^ ; 142 142 17 17% ; 480 ,,17 17 450 16 ;96 96% 125 96 .17 ' .. 48 V* V 25; f. 145 : Jan - Jan - Apr 17% May 15% Mar 7% United Steel common 800 ..51 6% 425 10' ' 82% 83 ?n 18% Mai* Jan 7y4 J&n 82% Feb 1 82% 15 y8 15% 816 14 160 14 160 • 6%' a26 __! 6% 83 . , Jan 13 Feb 13% Feb 46 Mar 47% Viau — Feb 28 V2 Jan i • 14 Vi Man 15 545 26% 1,470 25 .75'.' 18 Jan 16% Apr Jan Mar 14%. /_ 26 Jan 24 5 , Feb 9% May Jah 7% Jan 21% Mar 9% May 13% Mar 26'A Feb 16»A 170 6% Mar 225 , Feb 85% Apr 6% Apt Mar 160 Feb 83% / 80% Mar .,25 83 * .100 ; Jan Feb Feb 78% Mar 315 ; Jan 97%'Apr 6 19% i8ya 6 y4 a81 % a81 »A -f- May 17% 19 18% 83 >' a26 Corp— Biscuit i. .—25 a——t& Ltd —a——-i_! Stores •t ./ * common... preferred Thrift 96 y2 —100 Canada of Co * 17 Feb Walker Gooderham Wilsils Ltd * Worts & y 26] 25% 19 19 __ Jan 28% Jan 19; J , 33% 34% 99 99 35 25 27% 27% 1,105 • —u Feb 37 Apr 98,- 3,771 100 Winnipeg Electric common preferred 27 Jan 100 Feb 27% 31% B * ____ Apr Ltd class B__ Red 330 22 y2 Feb 25 25 25 Apr 25% Jan 122% Jan Montreal 25% 25% 25 W 2,035 25% Feb ' 26 y2 Jan 30 Jan Nova 10 ,35 .35 36% Apr 38 Apr Royal 10 25% 25% 26% Apr 95% 97% 1,642 95 Apr 25 50 20 Feb 38 225 •*(•'35 Jan 8% 8%" 100 8 Apr 97 15 % 15% 2,810 15J/8 May 18% 36% 1,336 31% 37% 19 535 21 a8 7 25'A 25'A 50 25% Apr 27 Scotia 38 % 39% 190 35% Feb 39 V2 33% 165 31 Feb 34% Jan 15% 16 696 15% Apr 17% Jan a24 a24%. 75 21% Mar 24% Apr 25 21% 26% Mar 25 common 15% * a24 % 8 Mar Enamel * 25 Canadian 25 Jan 12 4.16% Ltd Steels 19% Apr 21% Jan Atlas 10% Feb 12 Jan Bathurst Jan 15% 12% 12% 80 11% Feb 14% Jan al6 al6 15 14V2 Jan 16 19 19 85 19 Feb 19% Mar 14 14% 450 14 Feb 15% * Apr 17 * 25 23% 25'A 155 23 23 % 1,185 97 ■' ' • • Steel • 97 97% 100 16% 16% 17 50 Jan 24 Jan 27 Jan 22% Apr 28 y4 1021/4 102% 120 * Bridge Smith Ltd Hudson Bay Mining k Smelting Imperial Oil Ltd British Packers Columbia Ltd 98 V2 Jan Brown 17% Jan Company common 102 'A Apr preferred common Dominion 8% Coal International Bronze 10% 9% 10% 1,192 30 29% 30 758 27 Mar • 43% 43 441/4 996 43 • 18% 18% 19'/a 9,767 16% 17 & International Nickel of Canada™ 8% Feb Apr Canadian Jan Canadian Gen Electric General Apr 56% Feb 19 % Jan International Petroleum Co Ltd 13% Mar 14% Corp._ Labatt Ltd. (John) of the Woods Lang & Sons Ltd Laura Lindsay (C W) Mailman Export Corp Ltd B— common 84% 86 255 84 11% 11% 50 11 a226 a230 6 16% 16% 400 20 20 y2 335 ' * • 25% Apr 19% Feb 22% Apr Canadian Ingersol Rand Co Ltd— Canadian Inter Inv Trust Ltd corn- 83% Jan 85 Jan Canadian Marconi Co Jan 122 17% Apr 22 5% & Pr Jan* ; Products Canadian Silk Vickers 30% Apr 36 Jan 49% 49% 51 2,046 48% Feb 58 Jan Canadian Western 8% Ltd 8% 8 'A 8% 1,101 Apr 12% Jan Canadian Westinghouse Co 52 52% 555 50 Feb 59% Jan Cassidy'i Limited 13% 14 670 13% Feb 15% 19% 180 19% May 23 Jan Preferred 24 23'/2 24 220 22% Apr 29 Jan Commercial 18% 19% 18'A 18% 170 16 % Feb 19 y2 Jan 151/4 151/4 25 14% Jan 15 151 * 6% 6% 100 6% Mar 7% Jan 16'A 16'A 25 16 % May 19% 88 76 Mar 3 Jan Jan 4 9% 9% 63 ; a22% a23 35 22% 81 Feb 4 J'an ■ . • 750 1.35 May 8 Jan 11 9% Ma^ Jan 2.00 • Jan • Feb 24 . 78 " 3% May* 2.00 1.25 Mar 81 135 63% Feb 3% 4,300 3% Feb ,4 Mar 84 3% 81 —2 100 , Jan a52 a52 23 10% 10% 125 35o 35c 14,645 - Apr Ltd. 10% • 35c Adv Ltd com. 100 * 50 Feb 10% Feb 12 Feb 25c Jan 60c Jan 52 *; Mar a68 20 3% 3% 6 6% 1,350 1,250 a30c a30c 61 a66% 54 100 Jan 6 Jan 7% Jan Jan Jan 14 May ___—— - > —- ' 15 Mar 8 %r Ltd Alcohol common.. • — *■ Consolidated Stand Div Sec class ■■ • 93 187 92 Apr 95 Jan Dominion Engineering Works Ltd 700 17% Feb 22% Jan Dominion Oilcloth & Linoleum— • 1,670 12% Dominion Square Corp —1* — Woollens • 22 22 485 52 52 376 30 32 "88 28 Feb 100 Apr 60 17 Feb 20 Mar 285 33 Feb 37 May 19% Jan 23% 51 Jan 52 Jan 40 Eastern 40 100 30 y4 Jan Apr Jan Steel Products Ltd.— Kootenay PoWer 7% Mills Ltd (The) Esmond pfd— pfd JPairchiid Aircra'fc;! tri . Fanny Farmer Candy Shops Inc Jan 24 15'/b Mar 16 Jsn 15% Feb 18 y2 Apr a46 a46 38 55 70 12 16 17 6% 6% , ' • ' 35c ; 2,990 L* Worsteds 17 • 6% 100 26 26 —.20 16 16 60c 32% 32% ,48 Jan 5 42 Feb 230 37 Apr 465 55 Feb 25 12 May 13% 1,738 16 May 20 % Jan 175 6 Apr 7% Jan 5 - 16 60c Ltd_ 1 \ East • 22 & Donnacona Paper CO Jan 17 37 Jan Apr 35c 37 • 20% 100 ' "12 93 19% 13% Mar al5 al5 16% 20 15 6 16% —_ Paper Corp Ltd 3% Mar ' A—* * Preferred Consolidated — r—1—"Is preferred 93 Montreal 54 Jan 178% Jan 1.05 15 % Mar 14 14 37 44. 17Vb 22 19% Mar 1.50 common———.—1 General Neon * 34% see page Feb Jan * For footnotes Apr 9 15% Mar 171 4 common 13% Molson Breweries Ltd 1 Jan 16% a— 1.05 Lumber Co._ 52% 19% Montreal Telegraph Montreal Tramways 50 a__ 1.35 4 class A___. • 19% Locomotive Jan 23 ' Apr _i ;' 2,223 • ___< 6% Feb Feb Ltd com—• — 311A 100 (Robt) 12% Mar May 1.35 preferred 30% 13% Mitchell 14 1 * 31 * — .,'j Feb 78 77 77 * : — Paper Inv ♦ 100 Oil ■ Apr 173 171 171 Jan 131/4 S) ' 20 100 10 120 t. Ltd. _50 190 Jan , common." Co 1,457 24% Apr 500 a84 * (J Jan 86 * McColl-Frontenac Mitchell 103 10,650 100 preferred Jan 115 3 Dominion 5% Massey-Harris 4 ,5% iVa 22% * class Jan 2% 5% 7 Vb 25% / MacMillan 6% 18% a84 3 common Jun Jan 5% Mar 42% 22'A • Secord 14 15 ' * •. A) Jan Feb 4 25'A * common. (John Mar- 1.15 Jan 2% 11% " 0 preferred Claude Lake 165 12 3 Jan 5 Power Utilities Mar 14% 80 • Invest Ltd—L__ • International International 5 1,055 — Canadian Industries common 15 Paper common. May 10% May 31 Canadian International 13 al4 14 Sugar class B • 35 all al4 : s 20% Packers Ltd 19 *' ; _* Malting Co Ltd——— Canada 19 Jan 14 165 - Jan 47 V2 Canada Jan preferred._25 6% Mar 50c 14 Jan 10 160 100 20 Canada 102% Feb 121 5 70c: 70c 47% Apr Apr 14% 121 al65 6% Apr 14 15 V2 99% 485 100 preferred Mar 4% 47% Feb 5 16 Canadian Intercolonial 165 20% 14 100 25% 25 * 15% 25 Corp preferred May 165 ' 100 ; ■„ Acceptance 4%% 14 Jan Feb 106 7To 4% 50 j' - 100 —___— " Indust 10% 119 all ". Butterfly Hosiery Co Ltd ——__-I.¬ —1 15 1,975 -, Mar 12% 495 -- May 100 13% ■■ ...t 14% 13% ■ B cl 100 13% High 15 Feb 14 * 15% Imperial Tobacco of Canada common_5 ... . Jan 11% — 16% Mar 97 ♦ common V 10 Jan • — Paper Low 335 10 y2 al65 4 Brewers & Distillers of Vancouver.. —5 Canadian Pood Products Ltd Howard Range Since January 1 High a4% 14 * A_—!'___ class Ltd * 165 Sales Shares " Millen & 100 common 5% preferred Gypsum Lime & Alabastine Hamilton Jan ; 14 a4% <* Preferred 100 Wares Jan 165 B _« Cd Ltd Paper — Brand i;. ■«* ■ common 5% preferred General 14% - /•-, 25 a4>/4 — & Power Apr 25 pfd common ' Jan for Week 10% Bros Ltd (new) common™ 100 Belding-Corticelli Ltd common. 100 7'fc cumulative prefeirred 125 Preferred Power 980 > 11% 125 15% Fraser ' 26 Low • 4,810 15% * Gatineau Mar of Prices ♦ Works Ltd.: Glove Acme Brandram-Henderson • 20% 24 - "" 12 20 Famous Players Canada Corp Foundation Co of Canada— Co 34 Range ; Sale Price 19% * Products. H) (T 920 Week's Last 11% 1 Heating 35 ! Funds Friday STOCKS— 19% • Corp & Jah Montreal Curb Market 8% Mar Par -23% common Eddy Paper Co class A preferred Estabrooks • Apr 33% 39 Jan 18% May Beatty Electrolux * 10: «—: 28% , Feb B___ preferred / ....... Feb a8 • Chemical preferred__ Apr 18% * class 6% Jan 35% * Coal Limited Banks— 8% Mar 19 20 Textile 19% Mar 23% 25 15% Dominion Stores Ltd Dominion 700 23% 25 Zellers ' 36% : & 20 23% 10 ___25 : common Glass Tar 20 10 ' * preferred preferred Dominion 10 Dominion 12% Mar 28% * 6% Dominion Steel & Canadienne Jah 13% Mar 190 * Dominion Foundries & Steel 7% Jan 14% 2,534 13% 5 Distillers Seagrams Dominion Bridge Dominion 17 y8 13% 13 __^_u. , Dairies Jan 13% Crown Cork & Seal Co______ Dominion Jan 24% Consolidated Mining & Smelting. Dominion Coal Jan 11% 36% 13 y2 » ¥ Leather Co 11% Feb 30% 37% Cockshutt Plow Davis 9 ~~ 25 Canadian Pacific Railway Glass : » Canadian Locomotive Consumers 9% Mar Dommerce Class 9% Jan » preferred Steel 5% Canadian Ind Alcohol class A Apr 60. 40% '. ■ • Wabasso Cotton Canadian Converters Canadian 20% Mar 100 r 16% Feb a75% 17 Jan 15 20 Mar V 48 Jan • Apr 23'A 20% 38 13 390 II? 35 22'/a 38 472 53 12 17 ye .100 22 20 '■, 10 20% 20 15% -.51 v46 » Sicks Breweries common. Apr 8% 22 25 ; v' Apr -20% 25 Jan . 16 • $1.00 series Jan ;l9%i;i9% May * 2,715 19 y4 qo 40'% Feb May 63 J' I ____a Feb a97 21% Jan 45 42% 10 16% a77 30 36 20% Jan Apr 15% Mar a23 Apr a97 21% 102% Apr 37 61 __ Bhawinigan Water & Power com: * Series A 4% preferred™—___—_50 13% * 101 Apr Apr 25% May ' 14% Sherwin; Williams ( of Canada com—f •f. 7% preferred _!„_!!!—_^—!—__10Q • common 9 539 ■v 36% Mar s Jah 50 15 Jan 100 : — Paper 1st preferred.. -99 preferred 20% 45 495 . 1 L— ! Flour Mills common.. St Lawrence Jftn 173 Vb - 38 y8 .: .. .3 common preferred Lawrence 23 Jan Jan 4,975 . Feb Jan Feb 20 42% ! Jan - 23 !59 '; 16 al6y2 * ™ Apr 100 * common—__l!—:— Tuckett Tobacco 7%-preferred Canadian Celanese Jan May 37 a . 16% 157/a 35 20 » 26% a9 common J "lOO Apr a8% Ciass A Jan % 104 Apr Jan 21 51% Mar 172 45 a60% a60y2 52 ——H—_— Paper 103'A 1,848 '43'A; 15% 22% May • —. Mar Jan 60 Li common 23 28 25 t .1 101% alOl% a 16% a comnSon.'.— Co "Ltd ; 25Va J-38Ve of Canada— & St Lawrence Corp 5% Canadian Canadian Bronze —I — 33 15 _ Feb 1,035 172. 21% : __ 20 I.'' ■ .1,239 ' - 44% Jan 17 Jan 26% 151/2 !ioo preferred 4% Jan 15 .* 11% 28 " May 25 44 >/8 25% Co._-j.___ —— Quebec Power Jan 10 Cahada Northern Power Corp.j Canada Safeway Ltd 4%% pfd Apr : Placet Development Jan ,'>3 21 >/8 172 ; r_t™ common Jan 26% 10 common common Ltd 23 26 20 Feb 42 20 100 > 54% 20% 172 44% 417/b 23 preferred Canada Steamship 5% preferred \ Jan 2% ._ _____a™—__ Jan 10 y2 .,.931 21% 44% Tubes 18'A May 2% 15% .100 — * t 38% 261/4 5 28 '53% 21 common.—— Rwys ■ Jan * Foundries Electric Light, Heat & Power com. prefeired _l! —!_-™_ 5% Jan 24% • * common Flour Mills preferred Page-Hersey 411/4 * ;■ Canada Cement 1 St Building Products Canada Iron 20c a__ * Bulolo Gold Dredging Ltd 20% 21% Ottawa _* Mills Ltd Class A_T High 40 330 103% 103'A 54% Dtd--!!™'. Ogilvte ^ 1% " A 20 ,28 __ Weaving—™ Mines Rolland cl , ' _10 Co Ltd— Wire Ottawa _25 Columbia 11 : 38% 34% Mar 5 V preferredr^iiril'-'ZilOO (Wm) Noranda 25% * common 1,005 a42 11 : ♦ Corp™*: Car Low 37 y4 a42 ' " __ Jan Neilson Niagara * : Co. Class B $1.75 38 Jan * Power British Columbia Forest Products 6% Apr 20 * Preferred Class Jan Apr 21% a35 V2 a35% 25 British American Oil VrUck 20'A 17% Steel Range Since January 1 High 36% .;;'36% pfd____ —5 Chemical & National Trust Jan Penmans Paper class A British American Bank Note British 17 % 37 • . Telephone Brazilian 1.713 National High Apr 251/2 * Teleg 18% 18 Low 13 y4 195 _ Corp Tel 1,708 24'/a • , Warrants 13% Drug Shares 1" 25 preferred National 51% pfd_.__.__25 Argus Corp Ltd common High 13% Range Since January 1 24'A &35 % ' ___ Aluminum Co of Can \% Shares 441/2 ..20 Aluminium Ltd of Prices 7% 241/4 ____ Acadia-Atlantic Sugar Class A— Breweries common. National for Week Low * common. $1.50 preferred Sales Range for Week of Prices 'Low Pat * Sales Week's Range .. Sale Price 26 May 16 May 40 • Mar 70 -r May Jan '• V. 5 ' 1 < 26 5 < 260 50 60c Apr 32 Apr . 4 . 26 May 16% Mar r* "1:9,5 Jan 36% Feb () Volume 169 Number 4801 THE H..1K it.i i in. ii COMMERCIAL & CANADIAN Week's Range Friday STOCKS-— v-s,,y;V' U-.: * v •. i. ••.. Last •:. * Sale Price-* LISTED FOR WEEK ENDED RANGE ; FINANCIAL CHRONICLE if-' i MARKETS MAY 6 Sales Toronto Stock for Week Of Prices Shares Range Since January 1 Exchange ' ....Par . Fleet Manufacturing Ltd —L Ford Motor Co of Canada class A * Great,Lakes • Halifax Hendershot kote! Paper Insurance ) Ltd Co 85 common.^" (Walter Maxwell conv * Distilleries common/ Ltd 6#.: preferred Mica of Canada Minnesota & Ltd— Ontario Mount Royal Rice Paper NUclear Crush Power Ltd 6f/r n c 2nd part ; 6% -1st pfd Purity Flour Mills Co Ltd Quebec Pulp &• Paper 7;% Quebec Tel Corp class v ; */;. . Industries Southern Ltd Canada Pr . _-—//——? 6% pfd 16% __100 Southmont Invest Co Ltd - Inv A pfd—*—150 Mining xL-L-4 17'A.¬ 300 9 50 10% 5 5 22 73 y4 9% Feb 25 12%/ - . 5 Jan 104 Apr III 51 % May 54 20 a 7 Vb May 50 8 .— 50c /' 22% 1 41c 45c Apr 46c' Mar Apr 20 r "20 - Feb v, 50c 25 49% May 17% 15 Jan 38 50 21 * 35% Feb — 12% , . leg - 16 28c l'%c 30c 15c 2,500 2'%C" lV2c ■ /605 15c <28bvApf '15c 1 • i « ' Base Metals Mihing Corp Ltd Bdbjo Mines "Ob's Lake Gold Mines Ltd__. V -i • - > • ,_1 Ltd—_1 Central ;Manitoba Mines Ltd Centremaque Gold Mines Ltd— Consolidated ;Central Explorations Cournor Cadillac Mining East 26,200 *4,500 • 5V2c ^1.000 - 5c * 5c 1,000 4-VaC Feb 7%c /--5c r vr • ■.'•ii 6c r Apr 2c 36 Apr 7c 13c ■:.•' 10c y_l ——_ Mines I6c/I 16c ' 8c 10,500 5c 5'Ac/ 1 6%c :-*7c?'May;/ II,500' 13c 13c 700 18% 18% '• 260 3%c Mar 7%c i_ Ltd Mines Ltd 25c 9'/2c _1 9c - 9%c Eldona Gold Sol Mines Gold Formaque Gold Goldbeam Ltd Mines Mines Ltd v- - - 25cj 16% c Apr 2.75 10,250 61c 63c 1,000 52 %c Mar Hollinger Cons Gold Mines Hudson-Rand Gold International Uranium Mines :Jack Lake Mines Ltd Joliet-Qucbec Mines Ltd Labrador -Lake 6'Ac May 1 — —/_■ (J945) Shore Louvicourt Mines 7;700 2.03 r Feb ~ Goldfields Mining Nechi Corp Cons of Ltd Canada Jan 18c Apr Jan • 11% 11% iiy, ;•■'• 750 10% Feb 12% Jafa 7C a'/2 b 4,500 7c" May 14%c 15%e 19,100 3.30 3.40 500 14 %c May 3.15 Mar 4% 43^ 50 4% May New Goldvue New Louvre New Mines Mines Marlon Gold 33c 1 1 15c 1 3.40 Gold of Ltd 2—1 1 Blue __ Ltd __1 Ltd Sladen-Malartic Stadacona Sullivan Mines (1944) Cons. Mines 2__*_ Ltd Bo j con Ltd OH Stocks—" ' 10c Mar 6.25 Apr — Oil Jan Jan - British & Dev British Forest Ltd Oils Jan Products Power class B British Oils Leduc Homestead Decalta. Oils Ltd Ltd— Oil Co A 10C Apr Apr _—j. Broulan Porcupine Mills class A 1 : * 12% Jan Buffalo Lake Home Oil Co * Mar Apr 9c 4.000 8c May 2,800 14c Red Feb 31c Mar Bunker Hill 600 1.60 Jan Burns 22c y Jan Burrard 3.70 3,000 8'Ac ,Okalta Oils Ltd Co Ltd-.—: Apr Jan & Co class class B 14 %c Mar Calgary Petroleums Ltd 2 1st preferredEdmonton Flin Flon * Royalite Oil Co Ltd new common South Brazeaii Petroleum Ltd footnotes see page 19 2,935 18% Feb 5c 5,000 5c May 23% 24% 1,805 24'A 24% 599 86 88 75 98 * / 30c .Apr 67c Feb Calmont Oils 4c Apr 8c Jan Campbell Red Lake— 4c Mar 7c * 6c 1,000 8%c 4,500 38c 1,100 1.65 7c 22c May 14c Jan 38c May 48c Jan .1.47 45,950 1,400 Apr. 2.57 Jan Cement common Preferred Canada 1 Iron Foundry Jan 90'A Jan May 101% 70 5% 215 25% 26 140 2% 2% •>"300 28%c 34c 50,200 27c /Feb 32c 32c 500 31c Mar 15'/4 40 98 - 2% 2,800 13 %c 3,550 .• 12c 1,500 11c 6'/2c 2,000 5%c 27% 28 460 5c 1.92 Apr 6% Jan 26% Jan 3% Jan 37c Fee 37c Jan 17 Jan May Jan 24c Jan 3.05 Jan Mar 20c Jan 9%c Jan Apr 27% May 3%c May Jan 14'A 15'% May 600 33 12% 5,500 % Jan Jan Mar 15 15c 13 3 13 2% Mar 2.30 Jan Feb 5% May 25 2.25 Jan Apr 10 13'Ac 13 Apr 7%c Mar May 110 3%c May 25% 2,500 * 20% Apr 86 17% Feb 8% Jan 15% 15% 67 7'/s 7% 975 7 Mar 30 30 May 5c Jan May Jan 30% 65 5.50 5.90 II,880 6'/2c 6'/2c 2,500 6c F& 8Vic Jan 46c 9,800 38c Feb 54c 3.'45 2,975 4,30 Feb 30% Apr 6.60 Jan 53c 22c Apr 42c Packers Mar 40c May , Canada Permanent Mortgage— 12,186 45c -53c Jan Canada Steamship Lines 1.45 Mar 3,300 ■ Feb*1- 1.35 • •1.90 Jan 1.57 Apr 68c 72,100 3c 9.45 ,^125 4%c 4,000 4.35 / 9.20 23 Apr 15 28 May 22 118 19 Feb 22 May 8% 8% 40 8% May 10 Mar 1,000 15% 15% 115 15 Mar 187'% Mar 192 1.28 3,60 Mar 98c 500 95c 5.30 May Mar 27c Mar 36 %c 4.50 Mar Preferred preferred 6.60 43c 1.65 Jan 22 Mar Jan 29 May 22'% Feb 24 Jan Jan Canadian ;• 20% 20% 21 2,803 19% Jan 21 Apr * 16% 16% 16% 160 15 Feb 18 Jan 16 12% 16 12'% 25 15 Feb 18 Jan 475 12'A May 14'% Jan 15 15 210 15 Apr 17 Jan 1,155 Feb 22V4 Canadian Conv Breweries Canners s. Feb Jan May Car common 1 , * 20 Canadian Celanese New 9.70 13% 1.20 2.10 13c . „ . % 2i'A 20% 21% 25 20'% 20'% 20'% 50 • — 24 24 24 145 .* 6% 6% 7% 1,090 74 9'A 75 9'% 290 9'A Mar 11% Jan 9'A 9% 200 9'A May 11% Jan 19% Jan 20% May 21% Feb 23 28% Jan 8% Jan Apr Jan 2.00 May Feb — ;• common preferred Canadian 9 %c May • * common Canadian Dredge Canadian Feb ; A Feb 26,000 . Jan Jan 3,300 25 preferred 12c 89 %c 60 24% 32c 2.95 20% Jan 37% Mar 20 Mar 2.45 35'% Mar 325 Mar 16%c20%c 115 Apr J4n 1,895 8c 5,500 36 14% 29 17c 2.60 36 16'% 2,4 2,500 2.40 36 Mar 20% 1Q.500 .... 13 23% 20c 3,500 115 __50 — Varnish 9%c 8.849 2 14 20% 28% Feb 43c. 10c 192 29 Jan 300 . 192 13 % Feb 23% 15 1,000 12»/8 % Jan ♦ 110c 31c 9'/2c 15 13 % ' * 29% 10 Apr 43c 5,100 _* 100 common 26% Canadian Bank of Commerce Feb 3c 8,100 2.00 5 28 4'Ac Jan Mar 5.85 • 23 22 Canada Wire & Cable class B 73c 2'Ac 3,000 98c 23 28 __ Jan 1.29 May 27c / Aprr: 53c Mar ■' B Jan 3.75 Mar Apr Jan 1.08 600 class Jan 28 „ Jan 25c 2.70 23 10 * Canada Northern Power-/ 40c 3.20 Food Products Class common 100 xr_ Indus Alco "A" voting B • * 74 — „ 6% 55 74 Apr May 77 Feb Jan 14c Jan Feb 2.60 Apr Feb 3.00 Jan •1 Canadian Malartic Jan 25c Apr 6.65 7.05 8,478 5.90 Feb 7.05 May 14c 14c 3,100 14c Apr 22c 3an Cos * Cariboo Gold Castle-Trethewey Central Canada Loan 3,500 66c 70c 79c Jan 13'A 13% 210 Jari 15% Feb 25 13% 13% 13% 3,822 13% May 17'A Jan _1 1.25 1.25 1.65 1.25 900 1.15 Mar 1.50 jan 1.68 350 1.74 Apr 201 201 4 ;• common Canadian Pacific Railway : _1 100 70c — — 65c 12% 1.55 201 44. Jan 9 24% 2% 40c 3.40 20 common— 8,100 40c 10% - __ 1 : Preferred __ Feb 1.25 24% 10% . Apr 9.50 Feb 19c 7.00 * 45c 22 >*Mar 98% r 5.70 1 9c 16%c __ * 800 43c 2.70 - Apr v-' 2% 7% ? : 4,200 5.80 2.40 1 x Ltd^ 18% 13% * • Linen & Callinan Canadian Oil Western- Oils Feb 6%c 27% « A 36c 3.90 . 90c ■— 8% 12c _x 2.28 ;* —— 4V'2c 4c 11% * 22c Jan Jan 1.95 Feb 11c 1.66 • Oils ioo / * Burlington Steel 4%c 2.45 Mar 1.67 62c .1 Ltd Pacalta 9 May 18c Feb : 5%c jap 8.25 Mar 45c Ffeb 22c Feb 5,450 Jan Products • 1 84c '• 1 2.55 13,000 9c 26c 970 75c 32c * __ 29,500 * ./ Gaspe Oil Ven-tures Ltd 15,398 9.35 65c 15'A __ 31c _1 31c _* x 42c44'/2c 9.20 5-% v • Buffalo Canadian Jan 30c \ • 2%c May * Oil Bruck 45c May 1.29 __ 51% Mar 9 %c May __ * Buffalo Ankerite 2c '27c __ Jan 48 3,400 98% Buffadison Gold 25c i.17 > Ltd __ • •; Dominion Class 1 Feb 16c 2,506 87% Jan 550 30c Corp ___—__r.____ 24 100 Jan 1,000 1.57 4.00 33c 5c 18% 100 Apr 72c Apr Mar 5'%c Mar . 4,500 * Columbia Class pfd 70c 25C 3c i 119,520 jan 7.50 * 10 Columbia Canadian Oil 30 20c 41% Jan 9 25 British Columbia Elec 4% 4%% preferred 14% ' Mar 1.66 __ 5.00 3c 65b ■* common 62'A 3%c 9.45. 1 100 9'/2c 10'AC / Jan 10c i.57 ;63c' - 14% May May 38% Jan' 10'Ac Mar lie Mar 42c common May 5,000 1.24 . Calgary'& Edmonton Corp Ltd.*——* Calmont For Cordage Preferred Mar 9c "// Dominion 6,488 7.00 __ American Building 1.55 1 :—i. — 41% May 2'/2b • Ma.V / 10 10,100 JUn 7.00 14c 10c 51 750 75b 49c __ 1 Anglo-Canadiarr Oil Co Ltd- Pan 10% jan 23 41% 14c 30c - 65c 14 22c Jan Canada Westville Mines Ltd • 34 34c • Pacific 3,300 22c __ 1.55 —_1 Waite Amulet Mines Ltd New 70,000 33c 38c __ 1 Consol 14c 1.48 — - __'l Asbestps Corp Vinray Malartic Mines Ltd— Central Jan Apr 23'Ac May • *19 li'/2c British 52c Jan 11% 7c 1 United , 6%c Jan 25 • « Jan 36'A 305 • 48 Jan 10c May 305 27o Jan 19 48 1 Mines & Millen class A Feb 11c 14% 14c Jan 5'A 26% 4,000 g%c Feb 3.65 34 % Mar 24,333 * — Bralorne 4%C Mar 14'A 38c Apr 19 27c 21c Vic Jan Apr '-14 . 6'Ac 1 Jan 3.35 11 Jdn 6c 45,400 22c _l Pershing Apr 32c 27c 5'Ac 1 _x_ Bordulac 2c 6c __ * Ltd— Mines __ 17c 25 100 22c 32c 1.60 1 Ltd— Trebor 41% /■ 36% 5'/sc 4%c 36c ___1 • Sylrfrnite Geld Mines Ltd_____ Torbrit Mines 14 50 ,_j. BonetaUGold Apr 1,000 11c — 1 Ltd 23'Ac Apr ' 1 iixxx Canada Mines 36% Class A 1.66 __ 1 Ltdt— Mines 560 1 Gold Class B 8c ___50c i I,950 __ * 25 1 preferred Mines Apr 2.48 — Ltd—1 __a ' ' i a.— 7,100 7fe 25% 5c Jan Caldwell Ltd Mines 26c * cominonj. 18c 6c 25% __ * xx— Gold Jan 25c — 1 Mines 17%c __ 25% .10 Canada Gold British Scotia.x Kirkland 12% 3%c 8'Ac • 2— Gold i_ 1 10 x__ Mining...: Ribbon 52c 75c __ Sherritt-Gordon Mines Ltd— . 1 ___i___ Quebec 23c. 10c i—_—-1 Corp Senator-Rouyri Ltd v Metals Feb 10c 1 Ltd Yellowknlfe Santiago - Nova * x—x- — Consolidated May 30c __ . . Mines / Montreal—: 10 10 % x—1 i-— O'Brien Gold Mines Ltd Siscoc xx of 33c a61 a61% Ltd—12—? Mines Mining 10%c .Piccadilly Porcupine Gold Mines Ltd—? Quebec Labrador Development I Quebec Mangahese Mines Ltd_'_-_^ 1 >' Quebec j Mines 9%c 14'A 5 Alger Mines Ltd Normetal : Brazilian Traction Light & Pwr com--* Brewis Red Lake x 1 • Jan 13% jJan 94c 1,000 1,700 10% Mar 9%c 11 %c ,' Jan May Mar 2,505 1,500 28c 14%c Mar 1,500 10,500 Jan Jan 11c 15c 3.80 8c 8c 59c 78c May 9'Ac Jan 6% Feb 10,600 10'A 41c Apr Jan 23c Mar 5% Jan %c 7%c 15,i00 500 3.35 14'A 1 Ltd Ltd 13c 37 Apr "3,100 6c 9%c 1 Dredging New 3.65 1 Mines 4c 6c 2,000 3'AC Feb 21,000 15c (1937) — Jan 3.45 Jan 22 %c 5c 78c // 5,500 5c 10% 8.65 Mar 1,000 4y4c 2.68;Apr 2.35 May 5%c 625 32%c32'/2c __ 69c 6%c 41c 1 Macdonald Mines Ltd Mclntyre-Porcupine 32%c __ 1 Ltd— Ltd Mines 9 15 9.00 1 * Jan 5%c 5'/2c 3'Ac „ 9.00 * ; 5.30 3.55 Mar 12%c 10 3'Ac 1 45,675 6c 32c32'/4c 10 ■ 4.35 70c 15c 5 3.70 I2%c 6c 1 4.00 Jan 1 5c 1 Mining & Explor Co Ltd Rowan Lake Ltd Ltd Mining Co Jan • Oil 6'Ac __1 Jan 68c 1 Mines Brantford Mar 9c 2.38 _/'/ Apr Apr 20c 26c 620 Jan 19c 2.35 -. 38c 12c 6,500 11% Brand 500 2.35 Ltd_^.__ May 14,500 30c Jan 2.45 1 30c 14c 26c 11% Apr Feb 2.38 —__i Mines Ltd_____ 2,000 12 %c 28c 11% Bidgood yr. El 31c 13 %c 10 i8c 1 .-■ Jan 72,250 II,5on 19% 1 East. Sullivan Mines Ltd 18c T>c Jan ' 5,000 25c Jan 28c Jan 13c 15'A • 12%c 10c Boymar • Jan 2,000 15c 21 %c Bevcourt 37%d keb l6c Jan 1,000 7c' 7c!/:; Ltd__l 16c Jan 26% 12c Belleterre Jan I,000 Jan 61% 30c « common Beatty Bros (new) Sell Telephone Mar May 5c 56 Apr 25% May 13%c I_1: — Oil Bathurst Power class A Jan 5%c Apr 50% 275 25%c Bi'se Feb = 42 605 1 Bagamac - ;v39c Jan Jan ■ 375 53 1 Aunor Jan 25c Mar" / Jan /_ ' 2%i 5%c __ Ltd Mines Malartic * 10c 2%c ; Dulama Gold Mines Ltd Gold • 5c Apr 45 Aumaque Gold May v Jan 85c 27%c 25% 550 Aubelle Jan 20c Jan 22 %c Mar 42 6 Bob jo Dome Mines Ltd Duvay 65c 61c Feb 8c 9% Apr 25% t"eb May 8'A 51% 6 Bank 9c w-y 5c 1,000 6 Bankfieid 25c 7%c 1 Ltd'_ Co v • 1 Astoria Mines Cortez ;- I,000 * Corp Feb -18% c May 6,500 /;: 2%c> __1 —— Consol 8c * — Chetkirk Mines Ltd 7c 6cy • 6c 120 70c 6,000 Feb Mar' 1,500 2,500 17,000 8c V t yj-.r : •, Candego Gold Mines— Carrier-Malartic Gold Mines 27c 20c 500 8'A 16c Jan 6c 6,000 18%c • ; ■■//. 6%c 25c 20c 1 Bouzan Gold Mines Ltd— . 25c t Ltd 4 6c 6c 5%c Mar 5%c 8'A 15c * ' : Jan Jan 51% * Atlas Steels v*Jan 36 %c 103 15c j65c . May 100'A Mar 23%c23%c * Lead 3c ' -500 20 70c 1 A i. Auto Fabric class B__ /29c Jan Athona Feb .17% May 38 Vi Mar P^ay 12% 25 1 Bank Hand-Oiie Gold'Mines Ltd Mines 2 Jan 51 Jan 20% Ashley Gold & Oil—: Apr * - Feb 21% 5%c __ 25 Ashdown Hardware class A 113 Jan 5%c Jan 38'% Armistice Jan Jan ////<: ; Ltd 10% 110- May -1,200 • pfd Mines Argus 18% Apr 1,470 High 17 Apr 17% May 36% Apr Arjon Gold Mar 16% 6,195 a20 Feb Larder Canadian Area 24% Low 13 v. 44 Canada Jan 8% Mar 450 158 46c 9% "■12% 10 - • - Feb 23'A 100% 100% • of Anglo-Huronian Anglo Rouyn Mines Apex Consol Resources Mar , 75 1 Yellowknife Anacon Mar 7 20 7% 12%- Cons American Feb 107/8 100 . 37 1 Nepheline Anglo 340 • — Ltd Co Amalgamated Jan 18'A 24'A • — American Jan 9% 16% •" 65 17% Steel Aluminium Aluminum jan y4 Apr Maf 8% Mar 275 69%• X38 /■ 1 Mines Ltd—— Mines Jan 491/2; 49% __ : Aumaque Gold Mlh^s Ltd__ 1.10 50c 17% - Stocks— Anacon Arno Feb 94 1,180 37 * Oil. Jan 45c — Windsor,Hotel Ltd —-4—lJU. 12% a20 i/j; & Pacific Atlantic / Clas3 B preferred—— 25 Westeel Products Ltd —e_i.—____? </ Jan 9 45c /' class 5 6 A Yellowknife Algoma Feb Jati Mai- 110 -110 . 45c Corporations class B——* United Fuel 7 5 12 16%- 16%-• / . * Trans-Television^v-;— United Jan 350 20 / 20 8% 8% 20 Alberta Jan -250 al.00 7% Qas Akaitcho 13% Range Since January i High 13% 100 Agnexv-Surpass ' Mar 27% 5 101/2 < Acme low 20 x—x— Shares 18'A —-—20 — for Week 13% * Jan 18 Feb !H® pre^err^ Par": common Preferred J&h 12 • • al08al08'% 51% .,51 '/2 51'/2 red pfd__100 Russell 1,050 Jan II Paper Acadia-Atlantic class A Jan 16% 26% Mar 71/2, ' . & $2.50 preferred Jan 83>4 " . Mdy ' 17% - common.—10 8 225 • al08'/2 ■■75, 14% Mar 150 17 0 50 H 26% 5 10'/2 100 ApT 8 17% 12 * -i pfd 125 68'% / * : Corp of Can 92 __ * Enterprises Ltd Orange 225 al.OO Co______5 Ltd— , 8% 6% L—* Mills Feb: 14% • — .______10 Moore Corporation Ltd 74 % 8 '_ 10 '' -2~% v Power Sales Range of Prices Sale Price ;/" Abitibi / Feb Last ./'/'/■; r. : 26% 7%- * Luu- 13 ; ~2% 85, STOCKS— Jan Jan Jan 10'A Week's Friday Jan 16 . ' 17% - — Canadian Funds Jan 26 ' 81/4 May 9% Apr V' ' ; : 100 // 8 * 17% pfd 20 Apf 10 2% 14^4 — com__10 Ltd Melchers ... - Feb . & —" 18 8 __ —* 20% ? */"';■ / 50 al5 2'A Apr 13 300 101/2 • High 1.50 215 85 __ « Massey-HarrisnCo Ltd 6%% al5 Low ' 8% 2% — Lowney 762 * 13%'"'' : 10% - LaSaiie inc_L____-___I «/ Hydro-Electric Secur C0rp__w__^i.____«- > Inter-City Baking Co Ltd 100 Maple Leal Milling Co Ltd— Maritime Teleg & Tel Co Ltd 23 13 8i/4 ... common—* Ltd 2,700 22 % 8% de Investment Foundation 1.85 13% y —.10 Paper Products High 1.75 1.75 22 '/a comi Co- Ltd Co Low •••;'•-. 1 Mar Jan May 210 Jan 1 (2026) 42 THE COMMERCIAL & CANADIAN Monday, May 9, 1949 CHRONICLE FINANCIAL MARKETS LISTED ' RANGE Friday of Prices Par Central Central Porcupine Chaitco Steel, 1.00 ::z-i 1.10 21,400 74c 93c 51,625 18'Ac 18'Ac . 20c 9,000 9% common ,Chateau.-Gai Wines , .-1 i*- U-i >4 Chemical Research (neW)___ Che&iark-Mines;, r 9: —. — . —50c L - 68C 60c: 3C • Chesterville Mines E~ Chimo Gold .5c 1 1 . , « - • ™l-: Coastal .<>11$ Apr 11, Jan 10 Jan Harding Carpets Hatker Gold' 93c Mar Harricana Gold 10c Jan --48©- 1,500 -•- - ; May ' *•§©• Mar • 28e 27c - T w 2.50 - — Mar - . l .P •—w— ! 113 1 .13: kS, li ._1^. Colomac Yellowknife Commonwealth. PetrpleUm :13 3 25c 4'Ac Mines ! —— Consolidated Astoria - v. 1 Consolidated Bakeries Consolidated Beattie Mines I 1.00 17c A **• . 800 1.05 13c „• 17c - — 1,406 . 85© 13c 9'/a 230 48c 12,700 1 56c 56c 57c 3,200 Consolidated Homestead Oil— * 9c 9c 10c 7,000 Jan • 12c 12c .500 12c Consolidated Mining & Smelting——5 Consoiladted Press class A ?' Consumers Gas — 97% Cosmos 100 150% 1,294 95 ye . . .. Malartic , Jan Industrial 1.45 Jan Inglis 1,000 12c 21 Apr 15'A May 18 %c Jan Apr 10 12%Mar IZVsQ J** 65<r Jan lO'Ac May l19'A Jan. —1 20c 22c 4,075 20c Mar 30c Jan CrOinor Pershing Crow's Nest Coal —1 54c 54c 500 40c Feb 61c Apr 100 49'A: 50 8'Ac 160 45 y2 Mar 52 Feb 7'Ac May 15c Jan 24c 43c Jan 12%Jwn Apr ' Apr Mar 19c 30c 43 . 11 %c Feb 82c Feb • 38c —— . Crowshore Patricia D'Aragon Mines 22c 8c 8c 7'Ac 7'Ac 24c ,,.. .. 8c 26c 29b ~V — Leather .class 'Bj. 8c 7,500 17'Ac 17'Ac 1.60 15,000 - 1.60 - - 4,200 8»A 8-: Decalta' Oils Ltd Aceoptance 3c 6c Apr 112 117 Mar Denison Detta Nickel Red .—1 _— Mines —X Lake I - 500 - May May 73A Jan 9'A Feb 17c 16,000 22c; 8c Z —1 1.65 6 %c ' -.1» Dexter Red Lake (John) & 29% 19% 315 27'/a Feb 29% Apr 18'A 22,767 16 Va Feb 13% 13% 1,545 25'A 25'A 220 5c 5c 3,000 22'A 22'A 200 8% 29'A 22% Co^ Jan 14% Jari 24% 25% Mar May 7%c Jan 20'A Mar .22'A Apr 9 Feb Apr 25% Jan 99% Mar 101% 8'A 372 22 22 140 100 100 25 I1 30% 31 5,571 8% Co Jan 5c 100 8'A 8% 34c 3 l'Ac 37c 3,679 51,400 31c 4c 4c 1,000 4c ___6 .____♦ :_ioo Nickel 19% 13% Mar common- 8% Apr 22- 30'A 4,000 7,000 6'Ac 8c Mar 1.20 ; Feb 33c • 1.65 May Jan 36 Apr; Apr' 13 Jan Jan International Petroleum International Uranium Jacknife Gold 40c . 6'Ac Apr 7'Ac Apr 28c• : _____ * i "l Waite Mining Jacola Mines \ Joliet a •. • 1. 52c Jan Gold _ . 2c 2'Ac 42c 3,335 5'Ac Feb 19c 2c^May 2%c Mar Z , , Jan 3%c 11'Ac May ir 1,000 2c 2%c 36c r ^ 2'Ac Mar Apr 3'Ac Apr ■ Quebec Mines Mines 1 Kenville -T, _1 — 500 11'Ac 11'Ac _1 ________ J M Consolidated-. K 8Va _1 39c _• 13'Ac li ___ V 13c 13'Ac 7c 6,'Ac 15% 15% 4'Ac 75c 1.32 1.40 14% 54c Jan :13c ^ Jan 23c 12c Mar 5%c Mar 2,815 5'Ac 61c 3,500 16% 4'Ac Mar 34c 27,610 6,000 7c . Feb 10%c Jan 6,600 4,000 9c 37c 15c Jan 46c Mar Kerr-Addison -i ___— Jan: • Feb Kirkland Golden Gate -_i "23,000 16% Apr ;: ~ 39c=, .—1 10 — Dominion Electrohome Ai. Foundry & Steel__ Dominion Magnesium — Tar St Goal & 5,800 25c : Feb class 3,045 15% Apr 18'A Jan 19 2,640 15% Jan 19% Apr 25 25'A 470 24'A Feb 26 Jan 25 ; . 3 3 50 24% 25'A 767 10% 10 10% 1,035 — 42y4 42% 410 15% 15 '/a 15% 24% 24% 20 20% 250 11% 12 480 11 12 471 11'A May 24%■ - • 2% Apr 24% May . 10 3 Va Apr 27 »A Jan 14'A Jan 46 Jan 325 42'A May 15'A Apr 17% Jan 409 2iya 24% • B——25 20% 22 Feb Dominion Woollens __ * Donalda Mines o. Feb l9% Apr 11'A ..<11 %• Mar / Y 12 Jan 13'A Jan 1 46c 46c 48c 28,900 46c Feb • 19c 17c 19c 15,900 17c Apr May 65%c Ltd 25 c Feb Duvay Gold Mines— 1 ' 9c 84,000 9c Mar 17c Jan East 1 < 9'Ac Feb 12c Mar Dulama Gold Mines Amphi East . Crest East ________ Leduc Oil Eddy Paper class A lQc 7'Ac 7'Ac 8'Ac 6,500 24c 22c 25c 9,600 2.45 2.35 2.50 11,000 1 2.50 2.35 2.77 29,374 j 6'A 6'A • _1 Gold __ i___20 _i.__— ^^___ 15% Corp 30c Federal. Gfain common Federal Kirkland Jan 38c Jan 2.05 Mar . May v6y8 Apr 15% May 32c 7% Jan 17. , Jan 41c > Jan 64c 151,020 50y4c Mar 77c Jan 7,500 6'Ac May 12c Jan 28,656 3.85 4.00 32'A T 3,870 14% 33 137A .•-> 27c 60c May 3.80 Mar : Jan 4.50 Jan 815 137/8 Mar 16 Jan 250 32 37 Jan Apr 6'A 6% 6'A 250 5'A Mar 1 4'Ac 4'Ac 5c 12,100 4'Ac May 70c 70c 70c 1,000 Federated Petroleum 3.45* Feb .. Mar * 1 2.70 Aor 6'Ac ■ 14% .* 10%c 27c 40'Ac 4.00 ___1 150 Apr Apr . 2.35 • .200 9,200 7c 22c '56c ■ 1 _ , - 6'Ac 60'Ac * ... 35c 35c 1 Falconbridge Nickel Famous Players _— Fanny Farmer Candy Shops—^ . 15% 33c , '> :i El Sol Gold— Lake _i -i ___: Kirkland Townsite 70c Apr 7'A Jan 7c Jan 90c Feb class ; Cos Frobisher preferred Exploration 12,400 1.55 23 2,140 20% Feb 26 " 3'Ac Feb 5%c May : Labatt (John) Ltd 20 Labrador Mining & Exploration Laguerre Gold 7,i 3.65 ._i •rw—'' Lake -1 1.17 Mines Fortune Gold Lake . 25 25 25 Mar 28 Feb 97 97 97' 25 97 May 98'A Jan 2.36 2.40 10,800 * " preferred 2.38 2.05 115 102 y4 102'A __ 100 70 102 »A Apr Jan 109 V2 110 10 15 __ 100 16'A Mar 15 55 14 100 100 10 99'A 110 — *> common- Preferred: 163A 16% __ 100 5'A% preferred General Steel Wares GJant Yellowknife Gold Mines 2% Feb 2.90 Jan __ 17% Globe Oil Lake Jones Goldcrest class Gold Eagle Class London Goldora Mines 6.15 9'Ac Jan 6.40 Apr 3,500 8c Jan 11c 2'Ac 2'Ac 500 2V4c Jan 58c 58c 60c 12,300 55c; Apr 36c 35c 15'Ac * 36c 15'Ac — 13c 4c 6.00 . . 5,260 4.75 , 9,525 35c Apr 3,500 15c Mar 14c 2,500 10c 4c 500 4c 17c • Ltd . Gordon Lynx Mills MacDonald Class A preferred Great class Great West , Saddlery Gypsum Lime & For footnotes see page Jan 15% Mar 18% Mar 100 10 62c 19% Mar 10% May Mar r • 86c Apr Jan 8c 8'Ac 3,000 73c 73c 78C 5,400 1.08 Jan 28 28 28% 495 27% Mar 31% Jan 28'A .28% 185 27'A 23 Jan 10% 10% 10% 9 V ... ; 1.08 May 7c 1,500 10,500 12c 14'Ac * 14c 2.37 2.35 2.45 I 31c 31c 32c 9c 10c 12,500 22c 22c 12c 1,000 1 1.00 1.00 1.05 9,'A 9'A 9>A Jan Mar Jan 2.58 Feb Gold Class B Madsen Apr 74c Jan 13 %c Jan 34c Gold Lake Mines 2,500 5'Ac Mar 1.80 May 5c Mar 7,500 5,500 20 5c Jan 2c May 95 10'A 10'A 10% 200 20 20 20 50 * 13% 12^^ 1,740 38 13Va 38y2 435 16 16'A 1,115 12 4'A 40c 12% 4y2 40c 16'A 9 'A __ __ __i — ; «• 15'A • 10c 15'A , 12c 15% Apr Jan _ 1 . 2.91 1 6% 6% 125 6% Mar 2.90" 3.05 10,800 2.40 Jan 17c 950 1.20 10 17c Jan Jan 7% Jan 3.10 V Apr 30c May 1 2.53 3'Ac 2'Ac 3'Ac 8% 8 8% 156 12c 12c 12c 2,000 ' 4'Ac 4'Ac 20'A 19'A 20'A 26% 26% 2.02 12,250 40,200 1 Milling 2.43 • & Eastern Leaf 2.53 * Fields Gold Jan Jan 2.69 3%c 2 %c Mar 8 Mar Apr Jan 11% Apr 3'Ac Mar 74 %c — Jan 15c Martin-McNeely Massey-^Harris common Preferred _; 1 j——* ______20 —— • 2,000 2,180 *; Apr 6c Feb 22% 9'Ac Jan Jan 3'Ac Mar !18 . 26'A 385 Feb Apr 27'/a Feb — • Jan 8'/a —_* class A 8% 60 8 100 7% 7% 13% 137/a 14c 14C 500 61 62 1,070 42c 45c -1,800 8c 9%c 32,000 11'Ac 12 %c 2,020 Feb 9 7% Mar \ 7% Mar 5'Ac Feb 5,080 2'Ac 98 Jan 17c ♦ — —— Red Mines class A— Export 9 Feb 15c Jan 93c Feb 16c 18'Ac Apr 275 Jan 45c — May 9c * 11% i « Mar 28c 4,575 * 2.10 • : . Feb 10'Ac Jan ... 1,850 1,400 ; 12 10% May 10c May 51,450 14 c 13c Mar 1.20 Jan 70c .. 25 10c 14 %c 1 — MacLeoc-Cockshutt MacMlllan Apr 3,310 5'Ac _1 44 12c 4'Ac Jan May 8'Ac McDougall-Segur 7c 2c • Ltd— Jan 5%c Mar 100 —___—1 Jan 1.90 98 _• Alabastine_; Jan 5%c 2'Ac Apr 14% Jan .. 5,900 1 16c 6'Ac "5c • Greening Wire Gulf Lead Mihes__ ; GwiUim Lake Gold-Mines t Apr 19 4c 360 ... 6.35 13,200 Macfie Red Lake Mar Red 9c Jan McKenzie 3*15 Jan McLcilan Feb McMarmac 9'Ac Feb 4c 103 : Apr 20 10% J 61% —5 Lake 1 Gold Red 13% • common Porcupine 12%c 1, Lake 9'Ac —1 ———* McWatters Gold 8'Ac "• Mid-Continent Oil 8'Ac —— * 6% 6% 1,255 * 5'Ac 5c 5 'Ac 1.05 1.05 1.15 9,000 2,050 Feb 50% Jan 17 %c 62 6c Mar 12c 7% 6% Mar 5c 1.05 Apr 21'Ac Jan 8'Ac Mar ; Apr Apr 12c Feb 10c Feb 50c 32'Ac Jan . Apr 15% Jan Feb 13c 500 ; —— Mercury Mills- 12% 2,260 * Feb Jan Jan Jan 7%c Mar Mar 1.55 Apr Jan Jan May 12% May 22 Feb Mining 16 Jan Model 38 Feb 40 Mar 16 Feb 18 Jan 830 9'A Mar 13 3% Mar Jan 10 % 1,085 10 35c 1,000 20c 48c Jan 12 12 100 11% Mar 14 Jan 7 7 40 6 % Mar 7 Mar Apr 100 12 Feb 10 •35c 12 7 700 38c 7,500 10c Apr 14 3A Feb 985 Apr 4'A May 65c Jan 17'Ac Mar 17 Jan Carp Oils Monarch Mortgage & Corp Mylamaque Mines ' ^ Inv 38c Mar Mar 49c 42c 49c 4,900 • 21% 21% 22 585 19% Jan • 68 67% 69 440 65 9c 9c 7'AC 7'Ac 1 : — common Mosher Long Lac— 1 * Porcupine Montreal Locomotive Moore 10'A * 1—1 : — Monarch Knitting common Moneta . 72c Feb 2.45 Jan 1.12 A— Mines Jan 6c —-—* West Coal 19 10% 68c; 48c ,y. 1.08 Mines Macassa 69c — 1 Yellowknife McColl-Frontenac 1.80 __ — ! 15% —1 Feb 6'Ac * 1 common.^ 15'/a Jan 1.80 * Paper 3'Ac Feb Apr 1.10 Goldfields 56c 6yac __1 Mackay class A____ 9%C 1,600 .1,200 5,500 Jan 12c 15 I_Il class A——— Milton Brick Class B 1 Great Lakes 4'Ac " 28% 19'Ac 6ysc - —__ __^ Goodfish Mining Goodyear Tire common________ 4c 19 Gold Maple 9'Ac • —— 16% Mar m Hosiery Manitoba 6.00 1 — Porcupine 75 15'/a ;— Louvicourt Lunward Jan 2'Ac 1 Manitou Goldhawk 18% 64c May Mar 9'Ac 1 Golden Arrow 5.80 Mar 18% 5'Ac May Jan 2.10 Mar 894 37c Jan l Mines B Mclntyre Golden 34c 1,630 6.10 « Groceterias Jan 15'A 102 1 Mines 4,100 2.35 6.05 A_____ Littlef Long Lac 110'A Apr 1 Gold 44c 2.15 > Jan _„__________— Lexindln Gold Feb Mar * Gold 10% 10'A Gold Malartic 1 Mines 2,045 B McCabe Grain God's Goldale 14% 3c 3 Leduc-West Oil 106'A Mar 1 i , 14 3%c Feb , Feb' 1.45 Jan "I"Zi Secord Apr 1 — 6c 4'/aC Jan 5c Feb ___1 Gillies Lake 4,500 40c. — Marcqs Gold Glenora Gold 16,500 6,150 ** Jan 6.50 ' 1.05 Feb 41c __ Larder '"U" Mines Loblaw 13,400 9'Ac —1 ____. Cadillac Leitch ■ * Jan Jan Jan 23'A Apr 2.25 Mining Luz Mines— fie 3.25 9'Ac Lake Wasa Lamaque Gold Lang & Sons Class 5'Ac i 19% Mar 14'A Mines— Lav/son 1.20 17c 3%c Janv 1,500 . 6.10 Lake Shore Laura 1.11 25 15,160 - . 1.67 Mar 9c Rowan La pa 4'AC 12c _ 64c Feb 37c Lingman Lake Lh' 'Z'; -,Z 20 3.85 3%C 4'Ac Dufault Magnet Consol — ^ 3.45 . * May i.28 15,400 1,500 v 13c 13'Ac — 37c 2,700 .. Jan 25 - _• Gatineau Power common 5% 1.80 22'A 25 100 A B Fraser 1.75 22% ■=■ • Motor Class 1.75 _• Mfg Frtrd 1.38 -i — Macho River Fleet •'1 ; JLapaska Mines 6,000 1 Elder Mines Eureka 97Ac * East,Malartic Mlne^__ East 'Sullivan Mines.—Eastern Steel Eltlona 9c 107Ac • Oil Kirkland Apr May m * common Kirkland-Hudson Lake • Chemical pfd__—23'/a Dominion Textile Jan 32c 18% — 1 __ Jan 15% t 15% > Dominion Stores—— Dominion 26c '65c May 18% * Dominion-Scottish Inv^pfd ——-i—-50 Steel 25c 23c 73,600 24y2 Dominion Dominion 34c 15% * —— 23c 25c > —2 Ltd Dominion Bank 25c .—1 —. Dcme Mines . Feb Apr _ Dickenson Red LakeDiscovery Yellowknife Distillers Seagrams , Jan Jan 25'A <■ common Preferred Kelore Delnite .Mines . Jan ' 18% ;___i International Metals class A_^ Jack .1 Davies Petroleum Davis . Apr 57 Apr . Jan 14c 37,500 13% 29'A * _— — International Crestaurum Mines . 41 3'Ac Jan 152 'A 13c 3'Ac ,114'A U4'A loo 123 1.09 May Feb- 59c j Jan 6c. ' 8,600 3,150 4,000 1 common Bank Oil 148'/a Mar 12c 12c 34c 43 -43% Imperial Tobacco of Canada ordinary-5 4% preferred 25 18'/a May ____ 31c Imperial 15'/a May Jan 9c v 9.65M*y< 4UWO 6c . 43% Feb 85 25 6c 31 %c Jan Indian Lake 1,150 8'Ac- Apt : • • W* at 58e, 4,641: Vac 12c Jan 4,100 Jm . 20c 23 17%c 8ya 1.13 Feb • 6'/a Mar 18'A 15'/a Apr • ipf 500 * — Jan 1.09 Jan 83cJan 65,000') ; , 6.cv'j;an ' 500-;/" 16% 'Apr-';..- ^ 1 Hugh 65c ^my2 15'A 21e i-,5oo, ■ " Huron & Erie Jan 1.09 59c 23 'Ac Hudson Bay Mining. & Smelting: 10'A 15% 8'Ac 9.65 9.65 -1 •m——f Howey Gold 64c Apr Apr 3 %c Feb 6c "Jan" I g0 11- 16'/a 5 ,r-1 Hose© Gold Mipes- Feb Jan Mar : 1,000 -t '8c* 10'A© 9%c Holiinger Consol Homer Yellowknife 130 7. 150 151 »A common. Imperial Mills_ Cournor Mining 97'/a 67A Con west, Exploration Corrugated Paper B.ox. 95'A 1 ^10c >1007 Jan 6%c:Mayr^s-'. 2.5Q0-aV ;:50c;rMar-';?'v" : . 23c 59e> _ Imperial . 12 y%-Marrrj'-' May- .< ■ 6'Ac., ^ ^1,500, ' 7© ; ; 2,500- 8'Ac HighlandrBeU Highwood Sarcee Hinde J? Dauch —. Apr Apr * 51o . • 42c - "; 11 1.10 Feb ■8>; 46c 50c 22c common 38c Apr 8c Consolidated Lebel Oro 1— Jan 24'Ac Jan Mar' J •«.,2.4006c 6%c*_ „„::5>ooo;A 7(5 7c —l; ' —. H&ndersUot Paper •1.24-Jan May 46c _ 3c 10% May Apr 7c - Feb 38,025 .. 9% Consolidated DUquesne 30c 84©-- Apr 48c — Apr May 14%-Jan • ' Jan 4%c Apr 2 . 13 May . 80; 7c • 6c 1 Hedley Mascot ' 17c' 1 ; 2.73 12% -Feb . 3,000- 73c 1.0a; ; .13 -- 700 &c 73c , 425 25c mi. . __ Conlaurum 13 13 .. ! ' " Jan 36c .5,750-.- —3,00-Jan — A 15c 2,600* , 10%- '6c 6'Ac 6%c. —L Heath Gold- 1.75 Ja n 5%c Jan --24©* Apr' —0,500 High l'Ac Apr V8Ms Mar 450 - 18© 10 »A • -_1T Hasaga. Gold 48%C; Jan 13 Jan .—2,000— —30 2.64. 1,500. "' 10% 16c Heva. Gold Mines— Goehenewr WiUans Cochrane, Donla®, class A Cocfcshutt Plow Coin Lake Low 2c - 10 • 16c —1 — Headway Hed Lake 30c "3.57'' ;2c "10'A Range Since January 1 High 2.85 Feb Jan 2.43 - - 160 .3%C Shares Jan 8- 2c - . "• Goid Mines Apr —.3,200- —llo-Mac 1.60 3.%c Hard Rock 1 T 22c 4' 16e. 1.60- —, —f- 15c; Gold, 9% ...10,500- 2.55 '. 2.65 - Hamilton Bridge Feb i 11 25 ' —1630 - 5'Ac . Chromium ft W -4— 1.45 Jan' 14Vac 100 9 48c. J?-,; Halliwell for Week Low Par 1.65 Jan Feb 90c .74c: May. Range of Prices , Sale Price High Low Sales Week's , Last . Range Since January 1 High 93c 74 Vic. ; — Friday STOCKS— Shares 9% . Gold; Mines- Patricia Low * Central Leduc Oil 6 for Week Range Sale Price ENDED MAY Sales Week's East STOCKS— FOR WEEK „1 ; 1 1 * 2,500 - 1,000 • "I 60c Jan 23% Jan Feb '73% Jan Mar 12c Jan 7'Ac May 12c Jan 8c . -.f Volume 169 THE-COMMERCIAL'& J FINANCIAL CHRONICLE Number 4801 CANADIAN Friday WEEK ENDED MAY 8 Low National Breweries common 36'A III— 25 Preferred National Drug preferred National Grocers preferred National ■> Hosiery class Class.B, National Petroleum «' 5 — ,, 16% A — 200.. 50 i 17 35c 11% Feb Apr 28 % Jan May 15% Jan 4,000 17 17 47c May Slater South Steel National Negus Mines Car.. 20 2.37 Neilson (Wm) Alger New 20% 2.35 - preferred 20% 190 2:49 9,900 . 103% 103% «. 9%c ?%C ——_ 20 15 10c Feb 23% Jan 2.13 Feb 2.63 Bidlamaque New .Calumet .Mines New 7c r 6c %8%c .. common 1.42 — . 1.41 1.49 24c - 25c 58c 59c Goldvue. Mines—. New Jason tL—i— 59c . New. Marlon Gold, 7%c ———J. • New. NOrzone. NeW.PacftltA May 5c 9%c 10%c 8c - 8c. 8c Jan: Standard Mihes Nib ~"I~~ZI—1 YelloWknife 4'AC Mines Nicholson Noranda 17c ,4- Stedman , 23c r- 75c 54% ; 53% 80q 54.%" 12o 14c 1 « • Malartlc -1—1 __ *4c Mar 51c NOrmetal Mining Norpick - Gold Norseman 2.50 Mines Mines 51 Mar 3,000 10c l 2.46 2:55 . 26(620 : 6c 8%c 5c 34c 2.45 Mar . 29,000 6%c * 2,000 6%c 6c 28,000 / 6c 5c ; Inca Gold — Northland Mines, North Star Oh common — 7% Gold Mines.—. IIIIIIIIIIIIi XTBriett 7% Jan 1.65 1.70 ."•V '50., Sturgeon River Gold Sudbury; Contact Okalta 27%c27%c Oils O'Leaxy 2,45 Malartlc Omnitrans 2.21 6% Mar 12 %c 12'Ac 12 %c Exploration 4%c " 27c 1,600 80,725 2.60 ' SylvanitC Gold Mines lit ~ ' V ^ Jan- Gold Orenada 13 %c Jan 40c Feb 7%e Apr 9 % Mar : I 1.95 53c Apr Feb 1.11 Jan Jan 2.60 Osulake Apr 17c 4c Mar Hershey • 58c 3,600 7c 65c 51c Feb 6c 6c 6c 1,100 2.70 2.60 2.95 43 45% 1,275 • 1.25 1.22 1.25 • 16 %C Tubes " ——' 12c Mar I 1.57 Porcupine Pan Western Mines Ltd.— Oil Paramaque Mines —l — ; 21c 4c 3,500 4c 3%c 3,500 lc 1.40 May 3c Feb 16'/a C 12 %c Pen-Rey Perron Ltd common Gold 61 Mines Gold i 10 8c 9c 68c ] 61 9c l Piccadilly Porcupine Works class Toronto Iron Toronto Mortgage 68c 8%c Pioneer Gold Mines Jan Jan Finance Traders Glass ;, • B Powell class Transcontinental 12c 69c 1,900 66c 89c 136,600 7c 2.10 3,980 300 l 4%c 5c 1,700 37c 37c 1,000 37 38 905 Powell Rouyn Gold common 1 Voting trust certificates l Power — Corp » Premier Trust Apr 15 %c Mar Apr 2.00 15% A Feb 3.00 Mar 4c 35c Feb 1,665 70c 500 67c 14% 15 240 44c 21 145 11 Jan Jan Jan 1.02 , Purity Flour Mills common 40 Quebec Labrador 1 51c • 13% 92c Regcourt 1 Gold RoChe Jan 16% Rochette Gold 1 17% c 45 12% , 50 7 155 45 38c 12.500 64c 5,100 51c 55c 2,i>^5 13% 13% 2,015 11,700 83c 92c Feb.; May . . Union 67c Royal Bank Royalite Oil 1_. • <. . Apr 17 70c Apr 92c 1.04 May Mar 7.00 4'Ac Mar 3,000 8C 8c 18 %c 2,000 7'Ac May 38c 8,000 36c Apr 50c 25% 26 365 24% Feb 26 6.65 7.10 42,822 5.85 Feb common St Lawrence Corp 2nd St 2nd : 1st preferred 1st pfd preferred 5%c 6c 14,000 16% 315 99 I —— ' —-~+ United Antonio Gold Sarnia 1 Mines l ; 3.90 15 %c Class B United Fuel class A — * —_— Vicour Westeel Western Grocers Class 4 Wiltsey-Coghlan Feb I Yellorex Bear For footnotes 13c May 270 2.07 52 Feb Jan 17 - Jan Jan May 18 Apr 2,350-. v:: 1.91 Apr 2,94 Jan 100 eyaMar 7% Jan 4,400 1.48 Mar 1.82 Jan 5.65 450 5.15 Mar 6.40 Jan 7c 1,500 * - 6c Apr 9%c Mar 8.75 Jan 9.25 9.55 11,248 26% 5,195 9c 9'Ac 4;; 4,ooo 38 38 515 35'/a Feb 25 25 135 22 Apr v 25 ;.r 9c Apr ■May 15'A Feb 28% Jan 13'Ac Jan 38% Mar ^ 25 May 70 30% Mar 32 VB 225 30 May 35 Feb 24 25 220 21 Mar 25 Apr ] 95% 95% 30 i lie 11'Ac 25,500 " lie 6c 6'Ac 34'/a 115 "2.40 41c 32c 47c 79c 73c 84'Ac Jan 370 Jan 115 Jan 31V4 Apr Mar **'6'Ac Jan May 4c iiy2c Feb 27 10 115 2.34 100% Jan 6c 1,500 115 s Apr 8c 3,041. 5c 4'Ac. Feb 95% 8,000 31 34 „ 2.40 118 Mar Feb 2.10 Jan 2.52 302,200 18c Jan 47c 24,304 63c Jan - 2,250 ... f May 84% May ! Exchangfr-Cnrb Section Range Last STOCKS— Mar 7.10 May v 24c Apr * Range Since January 1 Low High 185 23 ■■■" 26 Apr 114 Jan (28/e Apr 4 Jan 85 '85 88 3 2% 3 1,850 100 '87 85 87 85 84 —-~ — Apr 20% 20 20% 995 19 Feb * Sugar..—1— 3.90 4.05 4,859 • 40 20 20 20 75 1.40 1.50 400 81 77% 81 235 3% 3,260 High May 23 • —1 Co common Preferred Shares 23 23 Asbestos Corp Brown for Week of Prices 7 Low Per Apr Sales Week's Friday Apr 85 13 %c 16c 3.80 7c 109,400 6 Jan Mar Apr 4.50 Feb 16c Apr 6% Apr 37c May 49c 23 Mar 25 Apr 46'A Apr 48 19% Mar 103 22% 22 Jan Feb Jan Feb 20c Western Jan Consolidated Paper Dalhousie Oil 12% 12% 120 11% Mar 1.17 1.27 1,600 1.60 1.48 1.65 212,076 Jan 12% May 1.17 May 1.60 Steel 16% 18% Apr Apr 33c 45c Jan 36c 39c 2,100 10'/4 10% 419 24 24 175 20 36 2.59 Jan ' • 36% 315 31% Apr 5% Feb Mar Jan 10% May 24 Apr 37% Apr 39 39 25 May 39 Apr 16% 17% 100 16% May 20 Jan 2.80 2.65 2.80 2,900 2.50 Mar 26 26 25 50 49% 51 980 * --4 * Paper Apr Foothills Oil 17% 605 15% Mar 17% May Hayes 17 160 15% Feb 17 International 1 8.00 8.00 8.25 992 44c 44c 51c 16,200 — Jan 7.10 Feb 38'Ac Mar 8.25 65c —— Steel Paper common ■ ' 36 Ltd • Apr 14 15 225 11% Apr 38c 40c 12,100 32'Ac Feb 8% 275 8'A Apr 9'A Jan Pend 6 % 347 5% Apr 7% Feb Southmount Investment 91 Apr May 48'Ac Mar 95 <1 1.50 1.50 1.50 17% ' 16 V2 21% 21% 21% 4c 4e 300 17% 4.00 Minnesota & Ontario Paper 15 15 — ~0 __ . 26 Apr 48% Feb i:50 May Apr 38c 10 53 Feb 4 Dominion Glass common 17 91 Feb 15% 36% 16% 91 Apr 50 * ; 17% 6 4 140 1,525 _ — common Preferred 16 Va 8% 3% Mar 53 16% Jan 1.45 - Jan Mar 52 3'/4 39c Jan 2 84 16 y* 31/4 * * Feb 53 • Lumber Canadian Westinghouse 1.40 May 64 Jail 14c 1 • Feb Niagara Wire Weaving Oil ——— Selections Oreille Yukon Consol : __a * ., — * 1 45c 1,400 „ ; : . 25 500 16% 21 4c 4.00 4.15 2,365 45c 45c 20 40c 50c 50c 2,000 50c 3.65 Jan 31% Jan 58 Jan 1.50 May Apr 22% Jan 23 Apr Apr |- Apr Canadian Funds Jan 5 18 49 'A - 24 % 30 Toronto Slock Jan _1 page 44. 205 < 31 May 1 see 49% ——1 Mines Canada and Dominion 1.20 .91 19% Mar 20 1 Jan 12% _100 Jan 330 20 1 •30% 27%. Feb 30 01 Jan l Dairies pfd 14C - Jan Langley's West Mar 90 28 ' 7C ' Mines Donnacona Silverwood Apr 9c 3,175 28 1.99 — 0m .m tv.w., Wright-Hargreaves 10c * * 10% 1,123 31 100 Wood- Alexander & James pfd—_ 18% 50c * Jan Jan Apr 55 I Jan 8% 10% 25% «, Common —.— 43 2,000 Dairies class A Jan 7% 217 17'A 6c Electric 215 15c Class B 80c Feb 4,200 / 26% Wingait Gold Winnipeg Winora Gold 41 46% Silverwood .Apr 6 ' 6% 49% __ 1 ———— Jan 15c common 40c 45C ' — 86 46% Ltd Apr • — 75% May 39% Mar 15c Silver Miller Mines 90c 4 A 55 46% Silknit Feb 5.45 20 Preferred 75% 1 — 55c 25 75% 50 (Quebec) Apr 15,000 , Disher Mines Mar 78c 6%. common Canadian Marconi 1,014 Silanco Mining 20 Jan 18 . 9c Canadian Industries common 24% Sigma May 38 Jan 24 • 40c May 20 1.60 — Jan 24% common Feb 29c 91 '6% Products 14 • Breweries Jan Mar Apr 5.45 * (G & W)——1 (Hiram) 22 35 Voting trust certificates I 10c 9.55 Walker 5%c May 16% Apr 10,700 Sick's 12. 103 Jan 1.52 J. I—It Mines May 38c Sherritt Gordon /. 17% 1.52 * May 6% Sheep Creek Gold .... Jan 7%c Mar 90 : lie 11'Ac 2.00 III1 — 12 37c Preferred 100% 10 . ' _♦ :—— 19 6% Sbawkey (1945) Mines Shea's Winnipeg Brew class A .10% May - • 50 — — Hill—————A A..* Upper Canada Mines. 15 38c com - 18% 10'A 49% 25 100 l Power 280 18% 45C 20 ■ 1-50 preferred. 19 * & 5 -6'/8 28 12 Bridge Water 25 .. 11 75c 10% nil —— 19 Senator Rouyn Ltd— Bhawinigan - Jan 1.30 May Jail r 90% ' -- Corp class A— Canadian San Sanriorm Jan 9'A Apr 46,900 45c — 41 75% 40c <*■ i 12 19 l __ 9c 119,100 16% 1 Paper 24c • 49 preferred Lawrence 21c 1 — Russell Industries 24c Feb _ 690 Jan 5c 25% 1 87c 2,000 ' — British Columbia Pulp & Paper com Roybar Chibougamau Rupununi Mines •>;.v;22; •' Mar Jan 13 ya 9c * _* 50c Jan 62c 5,000 36c Feb Jan 245,300 10 Co 9c 18 Sale Price Oils Roxana May. 90% — Gas Yellowknife Apr 5c 38c 9% 53% . Apr Jan May 5'Ac • Jan 63c 4%c 9c Jan fc'lsx; 45c , 13 %c 18'Ac 7%c v 8%c May 7 30c ■ "1.73 Apr 5'Ac Mar 1,000 30 %c 7%c „. ; 8c 18% Jan 16% Jan 5c 5c 73c Long Lac.. 7 45 1.36 2,765 63c 1 Quesabe Mines Ltd Reno 38c • 1.60 8'Ac 7 ~ 1 ; 1.52 8'AC 10 Preferred Quebec Manitou Queenston Gold Quemont Mining 1.54 Ii v; 29c Jan 90c May wet 1 - 3.30 Apr •'•.22c 18% Weston (George) common^— 13 % Mar 55 11% Jan 42% 13% Mar 55 1 18%/-Apr « - 51,'400 495 9% 102 : I'1-. 73c 67c 11% Preston East Dome 3,070 1.30 - 2.34'Jan Jan 8c 36'A Apr 70c 1 Purdy Mica Mines % 3.65 Mar 67c —100 Metals Pressed 70c V 8%c Jan "" '65 Jan -:-28% .. 2v54 Jan 7,670 10% lioo Jan 7c 11'Ac 3.30 38 7 1^72. Apr- m ■. 26% Mar Jan 2.00 • ll%b Feb .1^0 Jan 71.27, "Jan77 r 45,300- 10% ——— m Keno Feb 3.20 1 - 40c A Resources Steel 8c 2.02 —— Mar 20c 6c.Mar 148 Feb l05 102 9c * — United 15,500 3.30 River ■' i 1 „—— United 3% May Apr 1 —- 1.70Jari 16c -Mar 7,860 20 66c 9%; 102 —1 Preferred Jan 8c 61 l 1 / 1.14 — -50 Petroleums Tower 24'Ac Apr Jan Apr ;i Porcupine Peninsular Porcupine Reef Gold Apr Feb - Apr 60 Vz .X.— ;; — V 22c 19 59c» 1.27 A ——————— Wekusko Consol Pickle Crow Gold A — • Ventures Ltd Penman's 86 -1.35 Apr- 500 3.20 59c —i — Twin City common 45% May 1.00 Jan 4c ___^___1 Partanen Malartlc 85 Mar' 3,000 — 28 .T6b- l«c. —l-';' Transvision-Television 3.05 Jan 4i482 35,000 Feb 15 Mar 81 5,775 - 1.71, 3.10 3,20 « — Feb ..9c ..Jan / Apr: 36% , 28 Class B preferred Pamour Apr Apr 78 - : 1.66 1.66 * Toronto Elevators Jan 18c 2.02 Feb 60,290 5 80c Jan 13% Feb 460 4,080 6%c 1.55 ■ ! 10 % Mar 4% Mar 60c 7 «0 , • 17c 8c 1 — Union Mining ' ' Jan 1.05 Jan . ■ —1 — 6% Mar Mar 44% ■ .—.1 7 250 ' 7 '. 1.44 1 20c Jan 12c Mar joo ,. 83 , 137 _—— "9c 8%c Jan 9c 8,300 4,500 Feb 83 1 Jan 5 1,500 7 81% Mar I 30,500 83 1.55 L—— Gold Toburn 6%c Jan 12c (Eastern) Pacific Petroleum Page 60c i Jan' 54c Apr 6 % Mar 35 630 15 82^8 —1 ' Mines— . 9'Ac 7'Ac i t Pacific 9c l Lake Mines 43c 310 Apr 12c 685 Jan ].42 Jan 1,05 Apr Jan 12c 500 5% 23c , 80c 14% 1.37 ' l Red Lake Orlac Osisko 5 «■:_ ... Mar 9,105 82 82% 1 Tech-HugheS GohT Mines—— Thompson-Luttdmark Gold Mines—'* Tip Top Tailors 1 ; Orange Crush Mar 13c 53C -6% 17c Sullivan:Cops Mines — 3.75 Jan .- 15 82% -1 Tamblyn Ltd common 2,000 5c Feb 17 4,300 5,200 - ■67c 7^c- —— Towagmac Exploration Ogama-Rockland 26 150 , '9% " 9% A%.74% 9% Steep Rock Iron Mines——v—-—I Jan 20c 1.58 Mar 6,520 Jan 41c Feb May 29% May 19% May 1.15 .6%. ' ,25 'Jain .■ May May 24%c Apr 3%c Feb 15,000 7% 1.67 ■' 19% . ,46c 81% 82. ———— Torbrit Silver Mines North Jan 44c 125 29 ya - 1708 1.10 —• — — -8c - '? 28c .i-———_ 27 l4y2C 15 %C -• _—— Bros 1.03 Apr 58% Jan Mar 5c ... — . Jan v. Feb. 2,710 * 10%c 10%c 58,600 —J "26c Mar *" Norbenite 41o 41 Gbld .Preferred Jan 11c 9Mtc Mar 3,500 33,850 4%c 75c Mines 34c Steel Co of Canada commonu_j___—_• Jap -Jari 6o 18c -7'Ac Mar 3,500 5c 17c . 35 %C • 99% 24c 6,495 ——100 Paving common Starratt; Olsen 4 New Thurbois... 96% May 20c Anr 359 22c —• common —— Standard Radio class A 75c 7c May 3%c-Apr .4%c May- 1,500 97 .21c 19% 30 Jan 26% Jan 31c 51c 13,550 4,000 28,000 45,450 • 4c 4%c. 9%c NewRouyn Merger 10c » 4c; 5c Oils 7c v "* ■ 96% 21c • — Standard Chemical 2.35 Jan Mar Feb , 24C i •Newnorth Gold 96% —* Springer Sturgeon Stadacona Jan 9c 1.40 Mar . 4 1,250 4,300 Apr 22% Mar 440 '• High 26 615 23% _* Jan 15c 4%c Jan 15,100 , 26% 23 , . —20 „ —— Feb 104 Mar 9'/ac Mar 10,500 26 J — Preferred New Low 26 23 1 Co Co Brazeau Range Since January 1 High Apr 103 2,267 .WMWMW (N) Southam Jan Low I—III100 ————— Gold Bladen Malartlc May Jan 32c Preferred , Siscoe Shares * " mmml ™ Class B , I Apr 15% 340 32c 32c Mar .27% 380 16% .—'—250 10 245 16% 41 Jan for Week • Simpson's Ltd class A 38% Feb 35% Mar Sales , Range of Prices Par High .40 319 ii%' 28 16% * . 37 - > 28 — LOW peek's Last Sale Price Range Since January 1 41 . 41 ii .20 Shares High 36%. . „ . Friday STOCKS— for Week of Prices « Par , Sales Week's Range Last Sale Price 43' MARKETS LISTED RANGE FOR STOCKS— (2027) Jan Jan 5c Jan 6.70 Jan Mar 45c Apr Apr 79c Jan THE (2028) 44 COMMERCIAL & FINANCIAL .CHRONICLE Monday, May 9, 1949 OVER-THE-COUNTER SECURITIES Quotations for Friday, fylay 0 Companies Aeronautical Securities Affiliated Fund Tnc 4.71 lV* Amerex Holding Corp_ -10 American Business Shares.—1 3.94 27 2 A series Holdings Bond Corp 3.89 Electrical Equipment shares_lc 3.52 General Industries shares lc Home Furnishings shares—lc N on-Ferrous Metals lc 3.14 3.33 2.87 3.34 4% 4.12 lc 3.64 Manhattan Bond Fund Inc__10c 6.94 Mass Steel shares shares Investors Trust— 1 24.27 1 11.01 1 13.14 1 12.81 13.75 1 7.97 8.62 6.54 17.43 4.85 31.62 34.00 12.70 13.74 100.5 " 100.7' J19% 121 % Panama Canal 3s ,-1961 - Dollar Balanced National Investors National Security Corp Series— Bond series __: 3, 270 1 Low Priced Bond Int. Bate Maturity- Fund 25c 5.32 1.35 1.43 Certificates of • 100.1459 Indebtedness—Bid 1 5.84 6.38 lifts June 1, 1949— 6.12 6.69 lifts 1 3.97 4.34 1949 1949 1 2.77 Maturity— tl'%s .1638 Dec. (cont)— .0624 100.0504 15, 1949 ' 1 4.36 5.25 ,100.0288 .04lf 1. 1950 100.0407 .0554 lifts Mar. 1,-1950 100.0298 .0459 lifts Apr. 100.0606 .0873 %. 4.77 1 1950 lifts Feb. Ask *. 1, 3.03 3.48 Income Stock Series Series July 1, lifts Oct. 1, " Howard— Price Ask lifts Jan. Stock Series 14.09 Bid Certificates of indebt .1%% 1 Preferred 5.78 12.89 Series Treasury Notes— * t April 1, 1950 Speculative Series 146 141 ,r-y U. S. Certificates of Indebtedness Industrial Stock Series 100 1 1 100.0103 .0199 100.0006 T.0064 100.0281 ; .0361 1950 l, 5.74 ' „1 24.22 25.89 Selected 1 3.18 —1 Fund 15.83 16.93 Low Priced Com Stock Series 1 3.14 3.43 13.97 14.98 3.57* 22.76 New 1.88 England Fund York 1 Federal Intermediate Credit Bank Debentures 24.61 1.71 Group Series New 3.72 20c 5 Industrial Fund Inc.l Equity Fund Inc— Fidelity Fund Inc 10 1 Fundamental Investors Inc—.2 Fundamental Trust shares A..2 General Capital Corp, 1 General Investors Trust 1 Corp First Mutual Trust Fund 5.81 4.91 8.40 9.21 5.41 5.93 6.24 6.84 1 1 /Bank stock ^Building supply 6.68 48.06 4.58 1 1 ' Aviation 14.10 12.87 44.70 Rate 1 Automobile 5.34 4.80 Inc— Agriculture 24 22 Stocks 9.80 10.74 7.10 7.78 Chemical 1 9.50 10.41 Corporate bond series— 1 10.61 11.26 Diversified Industry Dated Bid Due Ask Rate Dated Ask Bid Due 9- 1-48 6- 1-49 bl.45 1.20% '»■'; 1.50% 4- 1-49 11- 1-49 bl.50 1.35% 10- 1-48 7- 1-49 bl.50 1.25% 1.55% 3- 1-49 12-1-49 bl.50 1.35% 8- 1-49 bl.50 5- 2-49 12- 1.65% 1.65% : 1.65% 11- 1.60% 12- 1-48 bl.50 1.30% 1.60% 1- 3-49 10- 3-49 bl.50 1.35% 2- 1-49 11- 1-49 bl.50 1.35% 1.55% 1-48 9-T-49 1.50% 1.30% 1.55% ' 4- 5- 2-49 1-49 bl.50 1-3-50 - 1-49 1.55% - bl.50 1.35% 1-50 bl.50 1.40% 2- 1.35% 3.95 1 3.60 Diversified Investment Fund-1 9.90 10.85 Diversified Group Securities— 9.35 10.25 Agricultural shares lc 6.18 6.71 shares lc lc- 5.38 5.84 5.28 5.73 lc 6.61 7.17 lc Electrical Equipment shares lc Food shares.:... ___;_lc 5.81 6.31 8.41 9.12 4.21 4.58 Metals shares..lc 6.74 7.31 Oils —lc Industrial Machinery shares lc Institutional bond shares—lc 7.17 7.78 Pacific Coast Invest Fund 6.27 6.80 8.97 9.42 Public Utility Railroad Investing Company shares—lc 7.08 7.68 Railroad shares :-.lc lc 5.32 5.78 6.98 7.57; -lc 5.()1 6.44 7.44 8.07 Petroleum shares lc lc 2.52 Putnam Equipment shares lc 3.43 3.73 Republic lc _—_lc i.lc 3.94 4.29 Russell Automobile Aviation shares Building shares— Chemical shares— Fully Administered shares General bond Priced Low shares Merchandising Mining shares—; shares Petroleum Bond Railroad RR stock shares Railroad Steel shares.. shares.— Tobacco Utility shares Fund Income Foundation Incorporated Investors Institutional Shares Bank Group Insurance K-l K-2 S-l S-2 S-3 S-4 11.98 9.21 10.09 2.31 8.07 15.62 17.12 1 10.34 11.33 1 10.06 7—5 Trading (Geo) 7.21 1 1 & 6.36 14.15 47.53 18.98 ___1 Investors Standard Invest Co Inq 85c Television Fund Inc Trusteed 11.30 1 9.62 1 1 24.48 15.77 17.21 Wall Street Investing Corp Wellington Fund 1 1 Fund 27.38 Unit of Bank of Chase New : 11.28 4.22 4.62 North Series Trustee 9.22 9.41 16.67 18.20 15.28 16 43 3.39 3.68 Shares— Bank Amer 45.24 6.40 7.40 1 2.14 2.44 1 3.37 1 2.33 Shares— Trust Series 1955 ; Series 1956 Surqty Aetna Life Agricultural Bid Ask 84% 52 v, 87% Home 54 Insur Co of North America—10 56 58 Jersey Insurance of N Y 61 & National 25 —— Par 5 Casualty Maryland 10 American Alliance Automobile American American Casualty American Equitable Assur 4 5 5 ?„•' 23% 45 V\ 12% 19% 25 47% 14 21% Prior $2.10 . & Casualty_5 Newark American Re-Insurance American of Surety American 2% 10 -25 10 13 % 17% 18% Casualty Fire Boston — Conecticut General Life Continental Casualty—; Crum & Forster Inc Federal 26% 28% 5 27 — 29% Globe & Republic Globe & Rutgers Fire com 2nd preferred Great American 45 15'/« 16% 24% Fire 67% New York 5 10 " 20% 89 f 22'% Northeastern 93 Northern 10 10 56 *4 33% 10 5 5 15 15 5 10 Hartford Fire 10 Hartford Steamboller 10 25 i Co & 265 & Hampshire Fire 61% Fire ——"_~2~50 River 28 100 ,._ul2'% City Bank 25 823% 383% Trust—— 25 12 7 90 25 Bid , Ask , Issues Pacific 10 54 10 85 100'% ; /lOO'/a101 'preferred—100 Conn-Lt '& pfd——* A 53%' 53)% pfd-—50 .51'% $2.20 Pow 101% 102'% 103'%-. 3s__ 1978 103 103ft England Power 3s-_ 1978 1023% 103 ft- Tel>3s—1974 100% 100% 103 Preferred Accidents- Elec Narragansett ? 65% Providence-Washington 10 33% 35% 2 5% 6% 10 28% 4%' ' ") 17% (N Y)__ (Texas) $4 3s 1979 Okla Gas & El copv 2nd Ohio Power ___•,—1978 3s -.103 %! Ser Edison 3'%s —1977 101 110 4.50% pfd—* 101 104% 105%'' 4.60%" 4.70% (Colorado) pfd_T00 « 12% 83 86,; 26 28 Seaboard lo 10 10 50 34'% 105% , 5'% % 101% Sccvill 101'% Texas Service of New 44 '%* 102%/. 35 100 670 695 100% 27/8s—1979 103%; 1 .- preferred——————100 Ivffg 4.20% 100 pfjd—___ip0 Eastern Transmission— , 13% 14 '/a. 46'% 33 Power 109 Mexico— 36% 10 Electric Wise ' 53 50% 1; 108 4.40%—10Q - 48 % .104,®%' 103'% pfd—f0o * 103'% , -105 Puelic Serv of Indiana 3s—1-979 108'% 100% & Lt Potomac Edison Public Potomac Pow 51 103%, 103 pfc}...* 100 5'%% pfd Pacific Lighting Penna Pub 3% 71 (Wise) North States Pow „5 &,Co 103'% & Lt 3fts__1978 Louisiana Pow 95 4.70% Power 1013% 101'% ——1979 27/8s Power 88 Phoenix 61 % Republic Ask 105% Central Hudson Gas & Elec— Merck 57 Indemnity Co 81 Bid 103% Par Stqcks— 4.75/% Now England Tel & 16% 44 % 'V* 102ft 102'% 1974 108 78 42% A—12% 590 560 , Telephone of Fa 3s: New ——"l2~50 Reinsurance Corp 55%' — of Amer N T & S Bank ! 69%> 52 % Bank__^__20 Francisco San 4G3% 66'% 73% / 63'% ■ 100 / ' States Natl United 231 / 41 853% 225 39 Nat'l Bank & Trust_17'% York Duke 8 Pacific Fire 64 33% 66 % Bank______12'/2 National Illinois 58% 61 285- 31% —20 TtUSt—, Portland "" First 51'/a 49'/8 20 Co Inc Trust (J P) 26% 65% Amsterdam Casualty Surety 10% 11% Security (New Haven) Springfield Fire & Marine. 31 33 Standard 85 88 31% 32% Accident Travelers U S Hanover 290 Bank 16% 1,305 42'% > 44'% 31% 42% 5 St Paul Fire & Marine Falls Natl Bank__100 30 < Commonwealth Edison 3s —1999 2 , New 67 * - 89% 10 it 33% 31 \'z _ • Peoples First National 283 Columbia Gas System 3s—1974 7% 10 42% 3i 10 % r ~ 56 86% 32 58% Detroit of ' 27 33 31 Natl Bank & Trust—_100 Mellon 1 235 28 Bank Farmers Deposit .' 36% 39% Fidelity & Deposit of Md new_10 10 Fireman's Fund of Frisco 10 1 Firemen's of Newark 5 General Reinsurance Corp 7 34% National Union Fire Fire Assn of Phila Glens 13'% 274 V.': 25 1 54 National 35% * ' ■ Pittsburgh 90'%- 29 ""j Bell lo 28 • Reinsurance—___10 \ > 23% 5 26 60% Employees Group Assoc Employers ; ■ Bonds— (Detroit)-lO 26 North Fire__. Camden 34 • 10 157/8 100 1.265 , 15 preferred-_5 58 V\ -25 10 & Shippers Bankers 520 ' " 30 l£'- 32 100 Irving Trust Kings County Trust 51 New Automobile 310 500 Detroit. Recent Security 14 _4 290 100 — 43 7"' 7L National — Ask 22 14%: Co 180 173 —100 Savings & Trust * 78%. 7/6 ... 100 30%; 48 Massachusetts Bonding Merchant Fire Assurance '■-f. Bank 111 10 preferred $1.05 Convertible " 32 871% 18'% Industrial Bank of Commerce_10 Manufacturers 1 common Merchants & Mfrs American Fidelity 20 Bid 29% 107 100 Illinois Bank ^ Trust—33 % Central National Bank 20 U rjatipnal City Bank.—. J 9% % 10% 53 * 55 100 1.175 Bank Ask 200 190 . 10 Trust Bid Par ■. Cleveland <' " 10 Bank Trust * Trust National 64 10 -10 1.40 % ' Northern 41% ' ' —16 ' 50 N Y)'_ United States Trust 10 ". Harris Co Sterling National Title Guarantee & Trust Par V & bl.50 - 35'% 40ft v/42ft Bank & Trust_20 Lawyers.Trust Insurance Companies > 1949. National First Trust— & Plains, Empire Trust Public i 28, National 118 92'% : 39% t — (White New Casualty 10 Trust & 89 '% 33'% 20 Trust County National Insurance 1.35% 1.35% City Natl Bank & Trust 336 41% 114 15 Guaranty Trust 2.50 E 321 100 Bank Corn Exchange Morgan Aetna bl.50 .-—bl.50 — T 26'% : '"39% 10 Co Stamped 9.57 1 Independence Trust Shares Diversified 93.23 Aetna 1949 1.35% bl.50 1949— Continental 100 „ Continental Bank 6.59 8.80 24'% York Avenue National Trust First 14.16 4.78 1.35% Chicago Co—10 Trust Bankers Fiduciary 10.30 4.36 1.35% bl.50 14, 1949- Ask 'y Manhattan the Fifth -'J -;v. Commercial National Bank & Type Trusts— 12.97 44.34 Bank Chemicar 1 Inc Wisconsin Investment Co - bl.50 — " Bid Par York1:/''-. Federation Whitehall 9.77 16.29 91.37 July Central Hanover Bank & Trust 20 : 18.30 21.38 25.10 1.06%: 1949 Brooklyn Trust 71c 5.79 22.44 14.93 bl.15 New 18.31 United Income Fund Shares 1 Fund 1 Union Preferred Stock Fund 28.43 Mutual Fund—* Loomis Sayles Second Fund__10 Loomis Sayles 17.20 27.19 19.59 16, —. Banks & Trust Companies 7.99 12.89 July 21. & 20.69 1 series Union Common Stock Fund 8.95 63c 25c A_—1 Series C 25.51 12.60 July 1.04% : Series B 12.38 7.11: /' 50, 8.83 1 Industry Shares Union Bond FUnd 93c 47 10c Investment Corp.* Street State 23.47 July 7, 1.02% bl.15 June 6.04 19.30 1.11 1.00% bl.15 1949 20.09 5.51 :__5 80c bl.14 1949 9. 10.51 Shareholders Trust of Boston__l v 1949_—. 2, 47.53 .9.71 Sovereign 1.01 May 26, June I 1949. 1949__ 2.37 1.63 72c 23, 30, 27.46 4.53 .'.lc June 15.22 2.16 25.54 Scudder, Stevens & Clark Fund Inc (new asset value) _* ' Amer Shares__! 2% 8.36 June 0.98% 11.05 1 Fund 1.59 7.62' 0.90%" hi.14 June 7.90 1 Investors Berg Fund Inc Selected 20.86 bl.12 1949 15 1 Fund 1949 May 19, Ask Bid May 12, 4.94 5.80 1 Tobacco Treasury Bills ;Ask Bid 7.15 4.51 1 (Steel 6.52 .1 ;__ equipment United States 9.92 7.36 __1 __ 9.05 1 4.19 1 (Medium Grade Bds)—1 (Low Priced Bonds)——1 (Speculative Bonds)—l (Income pfd Stocks) 1 (Appreciation pfd Stks)_l (Quality common Stks)-1 (Income com Stocks)—1 (Appreciation com Stks)_l (Low Priced com Stks)__1 Knickerbocker 7.96 10.93 -1 ,10c Keystone Custodian Funds— B-l (Investment Bonds) B-4 7.26 1 4.85 of Boston—1 Investors Management Fund_—1 B-2 1 _1 1 5.71 Investment Trust B-3 stock 4.68 Group—lc America 1 of Co equipment Machinery 1 'Merchandising 5.26 shares lc shai'es.—lc Stock and Bond Electrical Insurance ' 4.30 Group Investment preferred stock__l Ltd— Group' shares Aviation " 4.46 —lc _js Howe Plan Fund Inc ' 100.6 V r Other Issues Natlon-Wide Securities— 3.85 Stock Fund * 102.2 101.26 7.15 15.90 Dividend Shares 99.16 100.4- 100.4 i sept.-15, 1949—^ l%s Jan."20, 1950 14.36 Mutual Invest Fund Inc —. .w. 1955-1953 11.90 15.78 — ■ 2'%s Feb. 26.24 Mass Investors 2d Fund 7.76 Investment 99.8 J00.2 ; 1%S • Ask' Bid 1949%%— 7.61 26.40 shares Petroleum 2% cpm—100 3,120 ... Boston 1953-1951 1, 1. point a Banks— Loan 22, 4.01 95.35 1 1 Delaware Fund *■ 1%6 Jan. ; 98.30 98.22 Home July 4.54 2 91.54 18.87 1 1 Commonwealth Financial f'%s May 1, 1952-1950 3.88 5% 14.60 Chemical Fund First 7.3f 5 Century Shares Trust.. 1.65s 100.2 3.69 lc Federal Ask ' s 3-If lc Bid ' 3.67 Paper Bonds— 1950-1949— ■" 99.31- 1, ' 3.47 9 10c Canadian Inv Fund Ltd. Christiana Securities l%s Oct. 3.53 8% 7.77 Bullock Fund Ltd— Balanced 3.30 14.93 1 Inc ^Bowling Green Fund Inc Broad Street Invest Corp & 2.99 3.20 1 * Inv Tr of America Eaton Federal Land Bank '• 1 Blair Preferred Figures after decimal point represent one or more 32nds-of Ask 6.76 13.74 5 Beneficial Corp Boston Fund J 1 Axe-Houghton Fund Inc Axe-Houghton Fund B Bid 3.55;' Associated Standard Oilstocks Shares Par Managed Funds— Automobile shares lc Business Equipment shares_lc 28% ' ObRpiimt? Qf Government Agencies Mutual Funds— 5.18 3.60 1 . Ask Bid Par Mutual Funds— 30% 125 34% 32% 129 36% Fidelity & Guaranty Co__2 U S Fire U S Guarantee Westchester Fire a Odd lot sale (not included in 53% 4 58 61 in 74 19% 21% b Big yield price, in year's change. n 78 2 year's range), dividend. x Ex dividend, •No d Deferred delivery range), e Ex-interest, f Flat price, k Admitted to Admitted to trading N. Y. Curb, r Cash sales (not included (Un) Admitted to Unlisted Trading privileges, wd When included 51% par y Ex-rights, value. z Ex-stock dividend. tin default. JThese bonds are subject to all sales^ (not listing on N. Y. StocK ex¬ in year's range) t lx-siock delivered, wi When ^ssuea. - Federal taxes. f Volume 169 Number 4801 THE .COMMERCIAL & FINANCIAL CHRONICLE (2029) Week Ended April 30 THE COURSE OF BANK CLEARINGS Bank clearings Preliminary figures compiled by increase an with compared a year ago. based upon telegraphic advices from the chief us, 1949 District—PhiladelphiaPennsylvania—Altoona— 829,985 Bethlehem total stands at $14,233,193,834 against $13,367,523,622 for the center there is ' 1949 ; Kansas 588,614,433 3.5 863,000,000 930,000,000 7.2 :.441,202,125 J.5 San Pittsburgh Cincinnati——: 252,976,009 5.1 1.3 303,923,000 325,232,000 5.0 >97,771,465 ,304.273.767 205,751,258 205,507,475 0.1 „ cities, five days cities, five days $11,252,833,445 $10,744,673,404 2,297,512,920 —— -Total all cities, five days...... i All Cities, * $13,550,346,365 $13,146,701,990 day.——.—... one + 682,847,469 _ Total all cities for week - + '720,821,623 — $14,233,193,834 $13,867,523,622 - — West 4.7 ;. Jssue of next week. In able fo give + 3.9 ending April -30. 674,490 in the 5.3 2.6 >1: Total it appears was a decrease of 4.8%, the week in 1948/ Outside of this city there same was this center have recorded a decrease of 7.4%. an aggregate District the totals the Richmond Reserve there is furnish We a Philadelphia are OF $ cities 12 lySt Boston > 44 Cleveland—L— 1 • «• r . «> 44 3,247,059 5,278,936 + 5.0 273,804,763 4,512,960 242,777,383 — 0.1 746,717,649 652,486,601 -T- 8.0 10 add + 361,740,293 2.4 597,062.281 — 4.5 - 345,048,985 533,816,715 6.1 903,021,427 357,553,816 272,798.906 334,730,758 —U8.5 289,118,740 240,757,432 "J;, 428,953,557 462,980,357 — 7.4 .287,235,453 276,325,756 3.9 730,770,651 729,127.842 412,403,738 0.2 348,686,096 13,859,674,490 13,197,490,462 v 6,611,437,363 1948 1949 $ $ <Clearings *t—yf — "*. — — 4.? 12,505,148,894 13,830,893,961 1.9 6,096,161,517 5,560,521,089 1947 Dec. % 1946 S $ 1,481,985 1,445,658 4,198,241 * 4,127,717 3,835,968 475,002,945 413,317,817 : V 1,773,829 New Bedford—— 1,640,158 .I 441,501,284 1,356,274 V. 972,169 1,375,871 665,465 651,300 . 1,781,332 1,384,072 6,761,547 5,905,387 5,569,427 22,807,709> 9.384,257/: .—- Rhode Island—Providence— 4,717/432 21,845,800.'. ' 10,051,747 23,376,062 (}, 9,699,207 • I 23,899,000 1,037,153 •Total (12 cities)— 27,400,200 : 559,556,635 Seventh Federal Reserve 9,0.74,441, ,17,365,300 1,317,801 1,161,045 ' 495,584,357 512,534,538 York— - 10,288,752 2,686,555 —Z ,-s Elnflra—— 77,288,3,62 2,598,844 , 78,653,494 + 0.1 25,322,803 12.93d,452 + — 3.4 1.7 3,481,216 2,974,051 71,863,712 66,156,253 1,516,878 +59.7 1,546,256 1,336,476 1,705,321 2,254,868 —24.4 i,819,652 1,485,836 6,713,210,774 - Rochester 7,248,237,127 7.4 6,408,987,377 8,270,371,872 —16,905,409 Jersey—Montciair 17,867,561 — 5.4 16,220,673 16,046,124 13,770,953'"—11.0 12,481,037 12,456,468 650,485 , , 719,541 — 10,841,858 0.2 10,265,996 9,726,489 — 9.6 699,532 40,508,899 41,934,564**— 3.4 42,149,831 46,822,519 47,576,500 46,722,411 90,394.515 78,301,889 7.0 6,359,822 399,188 101,973,192 99,736,992 4.5 533,816,715 515,124,811 + 19.5 597,062,281 + — 1,404.355 3.5 — 8,268,220 9,919,242 —16.6 4,943,704 3,985,193 2,882,285 6,031,420 468.666 6,264,061 1,705,543 —18.7 —13.7 5,407,729 • 10,117,248 " 5,123,305 742,450 • 7,987,353 3,576,562 3,969,655 47,234,000 + 4.2 46,848,000 39,481,000 6,054,814 Terre Haute— 5,765,118 49,235,800 6,037,566 + 0.3 5,286,895 0.3 47,108,658 3,480,439 28,943,627 12,690,146 . t2,636,014 Wisconsin-r-Milwaukee— •' Iowa—Cedar Rapids. Des Moines , t 52,103,903 3,491,307 ' ■' v 51,924,409 3,308,451 5.5 + " : 25,459,824 • 29,423,942 .11,848,513 1,131,569 City— Illinois—Bloomington 12,271,683 Chicago * * 710,013,689 2,585,967 9,411,184 10,054,421 4,320,981 v 2,684,681 t,527,331 3,203,101 * 849,124,207 904,404,528 — Rockford r — —13.5 — 3.4 t 44.552,003 2,738,058 23,402,847 9,748,285 " 1,109,112 661,720,769 2,792,304 — 3,644,912 t — 2.0 + 1,008,631 518,247 ' — 6.8 716,589,107 031,029,337 + 8.0 2,597,640 2,150,581 6.4 8,705,221 7,777,394 4.6 4,187,317 —16.2 2,864,032 3,870,588 2,530,785 6-1 903,021,427 787,720,057 218,100,000 — — — Eighth Federal Reserve District—St. Lonio— Missouri—St. Louis 252,500,000 261,700,000 3.5 239,900,000 109,620,959 78,569,404 105,866,753 + 3.8 96,401,501 80,836,953 •..76,148,387 + 4.6 66,713,708 57,364,559 1,536,529 Kentucky—Louisville Tennessee—Memphis Illinois—Quincy— 1,759,010 —12.6 1,686,145 1,252,304 1.7 404,701,354 357,553,816 ^ — Total (4 cities) 452,226,892 — / 444,474,150 + Ninth Federal Reserve District—Minneapolis- Minnesota—Duluth 5,658,916 Minneapolis St, Paul 5,764,081 1.8 5,175,691 4,624,737 180,97.6,557 238,542,264 —24.1 199,105,823 64,987,720 72,352,537 —10.2 68,111,885 162,456,593 58,710,138 5,526,804 3,168,080 3,360,846 9,119,983 — 4,694,521 + 17.7 3,165,625 + 0.1 4,681,321 2,597,619 2,188,120 3,159,266 + 6.4 2,399,378 2,364,073 — Dakota—Fargo Helena I— Total (7 cities) — Tenth Federal Reserve * 272,798,906 619,430 6,937,236,685 7,477,875,550 6,456,110 '289,118,740 240,757,432 686,034 9.7 — 552,546 —12.8 6,547,386 + 13.9 112,138,715 + 6.3 + 6.1 5,724,760 9,990,888 13,197,176 —24.3 311,513,036 10,640,749 —12.6 268,-044,605 —16.9 10,297,140 v 8,846,279 2,131,067 350,985,- 1,977,218 1,628,960 428,953,557 (10 Cities).. Eleventh Federal Reserve 462,980,357 " Oregon—Portland Utah—Salt Lake City California—Long Beach Santa Barbara Stockton 986,729 1,336,160 21.4 1,463,878 1,360,098 7.4 412,403,738 348,686,096 —14.6 8,005,993 170,745,000 20,661,390 4,643,000 6,429,969 159,559,000 16,625,637 + — 227,876,000 25,882,793 4,932,300 3,894,921 8,248,089 5,131,765 3,517.266 + + 1Q.7 2,581,697 2,081,105 8,100,614 + 1.8 7,063,124 6,233,605 276,325,756 '+ 3-9 2.19,600,204 195,424,916 ?.9 92,403,900 3,441,618 92,512,723 43.847,803 83,740,403 3,235,404 77,778,564 33,125,506 8,522,661 5,817,328 + 7.3 —20.0 7.3 — — 1.6 7.2 6,639,921,317 33,035,969 . 44,290,828 8,469,051,667 4,495,600 District—San Franelsee— Washington—Seattle 109.984,156 3,098,965 137,749,163 53,365,267 ua, 317,866 2,997,480 145,963,893 12,555,395 48,929,746 8,063,168 8,513,494 __I .L, • 20,708,446 ."—"IZ —"HII ///—_H San Jose 7,355,940 231,534,983 6,517,566 4,966,022 244,485,675 ;; Wichita Falls Louisiana—Shreveport San Francisco 90,607,198 4,565,489 4,541,288 9,416,818 287,235,45? ......I ! + 507.3 326,169 523,145 4,559,348 District—Dallas- Dallas Total 388,187 562,351 7,004,878 109,697,864 272,176,861 i Colorado—Colorado Springs PuphlO—.—, (6 cities) 7,047,023 —18.5 6,076,473 Wichita Missouri—Kansas City St. Joseph-,- Total + 29.3 334,730,758 482,040 Fort Worth 3,957,661 7,052,464 .• 7,456,475 119,196,826 > Omaha— Galveston.; - District—K»hsm City- Hastings.—, Lincoln—,,..—,— Total " — 7,501,584 ~r —„H.~ 384,367,091 380,798,991 10,817,130 .HZ • 9,613,707 3,560,090 7,963,323 — + — + 3.4 5.6 9.1 + 55.7 (10 Cities) Grand Total (111 cities) Outside New York tNot included in totals, INot available. 730,770,65 1 —_ —. 9,641,394 + 13.5 7,005,875 6,417,491 0.9 355,855,228 234,321,441 —11.1 9,165,572 8,580,254 3,198,930 + 3,427,979 + 3.9 3,522,221 7,510,005 + 8.9 7,529.177 5,838,491 + 0.2 624,955,511 564,759,145 766,283 Northern New Jersey . 2.0 —13.4 1,355,442 9,922,028 + Newark---^. Total (12 cities) 79,688,599 ' 306,445 Pasadena 12,250,898 i Connecticut—Stamford 81,792,350 — 6,327,055 South Bend :i 4,498,171 3,425,858 4.1 + 111,783,756 Indianapolis Sioux 8.4 —18.6 — 4,017,461 Yakima: 2,423,061 — JamestownNew York— 83,184,090 3,393,078 49,566,590 District—Chicago— Twelfth Federal Reserve —10,303,565 ; 'Syracuse 1,450,934 538,783,335 Federal Reserve District—New — 74,036,389 Michigan—Ann Arbor„ Grand Rapids Lansing Indiana—Fort Wayne— 4,461,734 23,646,589 26,246,881" : ' tfew Hampshire—Manchester---—.. Blngharoton 10,964,177 183,500,000 — 570,068,963 Total (10 cities) Texas—Austin (jonnecticut—Hartford—— 'New York—Albany.^ 12,708,217 54,965,402 177,300,000 2,018,215 7,349,029 .. 4.696,344 f— /' 1,554,878 - 7,334,492 —— New Hayeal— 5.7 —11.3 Nebraska—Fremont Inc. or 1,550,576 V 980,936 Worcester— 345,048,965 ' —11.4 14,493,403 366,346 North 3,933,525, y \ Fail RiverA—l-l——-— Springfield 361,740,293 68,556,884 South Dakota—Aberdeen 461,354,960 + ; Massachusetts—Boston 58,202,751 231,000,000 3,881,181 5,481,066 Kansas—-Topeka 1,904,172 ■ — —— 175,782,976 59,494,119 119,610,688 Orleans 195,424,916 First Federal - Reserve District—Boston- Portland—: + 185,600,042 2.4 — 81,498.880 564,759,145 detailed statement showing the figures for each city for the it alne—Bangpr—,-.rrr«. 3,035,590 1.2 0.9 — 77,081,383 219,600,204 - ■ 13,669,488 Montana—Billings., • t 385,670,053 — 60,747,032 624,955,511 Week Ended April 30 r 7,912,000 97,948,045 18.3 99,777,630 2,923,414 787,720,057 404,701,354 April 30 for four years: ••':; 11,307,000 + 11.0 205,100,000 3,751,642 2,762,438 515,124,811 1.7 6,484,272,688 our 652,486,601 + " , 841,744,917 746,717,649 0.1 512,534,538 8,469,051,667 873,567,589 "• — Outside New York City now 5.4 385,670,053 - ^ ——111 cities Total — 495,584,357 6,639,921,317 7.2 904,404,528 6 — 12th San Francisoo— + 3.7 $ 444,474,150 ..M.'I H L—-—-7 — $ 2,167,603 + 10.4 1946 849,124,207 44.M-.Z,. 4 10th Kansas pity--——10 week ended 792,220,995 — 2,638,088 9,830,000 109,221,611 62,413,035 Mobile /v. 1947 Dec. % 2,506,532 •• 198,399,098 Decatur 452,226,892 16 — "-■•4 Dallas' 895,245,585 . 570,068,963 —— 0th Minneapolis 7,477,875,550 . 394,961,370 44 New 28,947,400 3,806,114 + 17.6 — * 6 6th 8t. Louis z 559,556,635 791,677,518 * ——10 Chicago $ / 943,652.925,V .. aI 7 5th /Richmond 6th Atlanta '< 23,510,300 —11.2 5,401,iy2 61,822,351 T—— Total (16 cities) Inc. or 1948 6,937,236,685:, j.-.. —1-11 8rdPhiladelphia Buffalo + 12.5 4,551,833 3,299,777 Alabama—Birmingham • BANK CLEARINGS 538,783,335 44 2nd New York—12 Second 28,565,400 — District—Atlanta- Florida—Jacksonville larger by 2.4%.-The Chicago by Federal Reserve Districts: 1949 Federal Reserve Districts ; 241,708,780 195,997,106 the cities group gain of 1.7%. In the Kansas City Reserve a summary SUMMARY i 4,849,670 126,443,349 285,686,077 792,220,995 , Georgia—Atlanta loss of 1.9%, /the a and in the San Francisco Reserve District of 0.2%. Week Ended April 30 / 7,051,400 147,580,059 0.9 394,961,370 Springfield— v —23.6 8.5 282,211,637 Mississippi—Vlcksburg loss of 6.1% and the Minneapolis Reserve District of 18.5% a In the following we : 8,283,626 163,050,295 299,556,772 2,695,249 (6 cities) Peoria We 841,744,917 2,307,213 Columbia—Washington,— Louisiana—New decrease of 7.4%, but in the Dallas Reserve District there is an a increase of 3.9% 1 873,567,589 Nashville of improvement of 5.4%. In the Cleveland Reserve but the St. Louis Reserve District enjoys a 11th 5.4 10,854,000 121,285.491 Sixth Federal Reserve the totals are ^mailer by 0.1% and in the Atlanta Reserve District by 4.5% Reserve District suffers 7th + District—Richmond- Macon (including this city) the totals record that in the New York District tteserve District the totals register 4th 895,245,585 791,677,818 , Augusta—,—— the week — cities) Tennessee—Knoxville_ :present/Tur^^ decline of 7.2%; and in the Boston Reserve District of 3.7%, but in the * 5,552,858 — appear according to the Federal Reserve Districts in which they are located and from this district 6,857,076 6,699,301 Carolina—Charleston District of has to be estiiiiated. cases final and complete results of the week previous Far that week there bank clearings at but:in 2,187,202 6,992,277 2.0 296,354,551 Maryland—Baltimore clearings for the whole1 country Mviiig amounted to $13^197,490,463 agair^t district 4,130,878 3.1 + Virginia—Huntington South not available at time, of going to press. are the; elaborate Retailed statemehtv however^ are —21.3 2,374,302 7,590.850 6,353,537 Richmond— We cannot furnish them todays inasmuch as the week Saturday, and the Saturday figures, Accordingly;- in the above-the last day of I he week in, all ; 5,019,446 4,042,099 Virginia—Norfolk rrX\7\ 2,402,023,555 (7 Fifth Federal Reserve Complete and exact details for the week covered by the foregoing will we 2,251,510 8.6 Ten our 4,577,893 2,333,787 8.9 + — 8,481,915 II Pennsylvania—Pittsburgh Total 274,998,578 278,236,442 —: Other ends 4,226,008 —10.1 296,792,784 32,135,000 IIIII Youngstown Baltimore. in 7.2 2,364,682 6,332,870 149,666,677 ——— Mansfield 271,000,000 Cleveland- . 5,403,441 943,652,925 Cleveland 240,023,204 .——_—... 982,164 7>23,853 Ohio—Canton 267,400,000 Francisco-—* 2,785,563 812,000,000 8,649,674 Columbus— City 840,000,000 2,832,417 Fourth Federal Reserve District—Cleveland- 567.778,225 Sti Louts—.—— 3,122,438 5.7 + % 1948 447,740,237 - Z, (11 cities) 9.4 —.— —14.2 3,662,842 857,000,000 2,710,673 3,951 145 " ! New Jersey—Trenton $7,128,101,130 *— Philadelphia 1,114,785 1,061,564 + 156.0 2,952,392 ■ —. — York $7,798,976,501 Chicago 1,032,991 1,054,537 1,142,955 —11.2 2,126,261 _ Wilkes-Barre-- Total Week Ended May 7 9 5,014,360 Reading Clearings—Returns by Telegraph New York 1948 9 —18.7 834.027 1,157,023 3,143,234 Delaware—Wilmington ;V, 1,020,686 i,027,304 ooeiooolooo Scranton At gain ,for. the week ended Fridays; of 9.4%. J Our comparative, a the'week follows: summary for week in 1948." 1947 • Lancaster—. Our preliminary year. same or Dec. % 2,134',717 Chester Philadelphia ings will be 2.6% above those of the corresponding week last Inc. t Third Federal Reserve ojities of the country, indicate that for the week ended Saturday, May 7, clearings fpr all cities of the United States from which it is possible to obtain weekly clear¬ this 1948 * will show this week 45 729,127,842; 13,197,490,462 13,859,674,490 — 4.8 12,505,148,894 13,830,892,961 6,484.279,688 6,611,437,363 — 1.8 6,096,161,517 5,560,521,088 46 COMMERCIAL THE (2030) CHRONICLE FINANCIAL & ing tenders, and the page number gives the location in the current volume (except where indicated) in which Foreign Exchange Rates Secretary of the give below % : . CERTIFIED BY FEDERAL RESERVE RATES EXCHANGE " APRIL 29, 1949 TO MAY BANK Associates, 1930 OF Textile Inc., Port Date stock-. common Concession Realty Corp.; Corp., 8% mortgage 1st Buying States Money Aluminum 1st < May 4 May 3 May 2 $ - May 5 • Childs 1879' .297733* .297733* .251247" .251247* .251247*- Eastern .200000* .200000* .200000* .200000* products— Closed .297733* 1st .022750 .021437 Brazil, cruzeiro .054406 .054406 .022750 .022730 .022750 .021525 .021509 .054406 Francisco .021587 .054406 . .054406 1.000000 1.000000 1.000000 1.000000 .942500 ,942500 .043593 .947890 ; _______ .301166 .020060 •• ' Closed 4.031367 England, pound sterling .020060 .208535 .208535 4.031406 4.031406 4.031523 ■* ./ National New .020060 - V » 4 V» % England : Power 1st Air Line RR., .004671* Sherwin-Williams .003039* .003041* .003041 .003039" Southern Gas .301678 .301673 .301678 .301678 .301678 .139906 .136798 .124223 .124223* Tide .376400 .376083 .376000 .375942 3.991542 3.991542 3.591542 3.991953 ;,2G1580 .201580 .201580 .497240 .497240 Closed .201580; .201580 .497240 —- .040328 .040325 y-V 'W ■* .278223 ,____ • I. .233629 National ... Company and Issue— .658300*1" .658300*1" .561799"t .561799*7 1 ■" •• ' , , ( .531909*t Container mortgage Ohio 22,509,431 certificates Gold de- Redemption f\ind for F. 603,212 ^ ' $ $ + 5.070 — Silk ■ Total gold ctf. cash Industrial U. S. 269,783 480,007 +. Govt, : " 618 77 1,070 — 6,905.979 i_ Certificates 380,100 Notes 8.670.600 S. Govt, securities- loans and securities— 20,839.165 + 35,000 + 234,700 21,319,790 368.936 + from F. R. Notes Uncollected Bank »+:-! foreign banks + 836,305 which of other banks. 104.577 items—— - 2.32+.351 32,444 premises Other 171,518 assets— A 15,368 8.218 + 54,733 — — — 47,335.155 assets — of the assets Liabilities— Class Federal notes Reserve 23,332,143 334,777 — 19,072,749 990,194 — Foreign 531,353 Other 514,021 Treasurer — gen. 156.245 deposits 21,108,317 Deferred availability items Other liab., 2,067,828 incl. accrued divs. 56,355 + V.. 8,909 + 161.321 + 12,618 + 151,103 — 80,973 — * 74.086 Loans to brokers chasing S. or 167,835 46,520,906 and Other U. S. + 1,728.188 Real — V Capital paid in (Section 7) fjurplus (Section 13b) Other capital accounts ; + 6,342 + 33 204.367 Burplus Other .... 18.522 U. 8. 27.543 115.628 53,137 + 68.796 for dealers accts. 47,335.155 "220,939 + 1,821,848 Ratio of serves, gold to certificate combined Commitments to make 0.1%- + +' 18 + + 88 2,437 : —; securities—total Reserve principal changes for the week ended April 27: Decreases of $142,000,000 in commercial, industrial and agricultural loans. $344,000,000 in reserve balances with Federal Reserve banks, $238,000,000 in United States Government credited to ings, and adjusted. $311,000,000 in demand deposits domestic banks, and $168,000,000 in borrow¬ an deposits, 12 + 222 +' 136 — + 161 — ; Commercial, industrial and agricultural loans de¬ creased in most of the districts; the principal decreases were $71,000,000 in New York City, $19,000,000 in the San Francisco district, $15,000,000 in Chicago and $10,- * 17 — + 35 — 1,539 — 344 + 1,371 Atlas 2 ' 46,175 15,189 1,279 deposits Debits to + — 418 17 238 — + — 172 Auto , , - - 7,781 - — 311 — 1,368 - and deposit accounts, U. during weckt 8. 13 + 163 + — 6-15 5-31 6- 1 5-10 75c 6- 1 5-10 50c 6-15 ;; Co.— quar.)— — 1 6- 1 5-10 6- 1 5-10 62 Vac 6- 1 37 Vac 6- 1 5-16 31'/4C 7- 1 6-15 28 VsC 7- 1 6-15 31V4C 7- 1 6-15 25C 6- 1 $1.12 Va 9- 1 $1.183/4 50C (quar.) — preference A (quar.) (quar.) i : (quar.)—'——- A Electrical Refining Tack (quar.)_ 5-10 6-15 5-17 5-20 30c 6-15 50c 6-10 50c 5-31 5-16 110c 6-15 5-21 112 Vac 6-15 5-21 —r_, 1 (quar.)__ Service common,. Allied 20c 6- 1 5-18 7- 8 6-24 30c 7- 1 6-10 Balfour Building, 5-31 5-16 583 6% Baltimore T.), Inc. Radio Bankers (quar.) inc. (quar.) Show, preferred $1.50 common 5c- (quar.) (quar.) 15c & Shippers Insurance Co. (quar.)— Barber-Ellis, Ltd. (quar.)— 53 112 $1 Barlow & Class A 4.25% Seelig 33/4% British Redemption Calls and Sinking Funds Mfg. preferred Co., including those called The date indicates the Brown $3.60 list of corporate bonds, notes, stocks called under sinking fund provisions. redemption or last date for mak- 5-16 15c Rubber Extra $5 preferred 5-17 6-23 6- ^ 6- 1 5-16 $2 $1 Oil 5-20 5-10 4-28 6- 5-16 1 7-15 7- 1 7- 2 6- 7 2 6- 7 115c 8- 1 6-30 25c 6- 1 5-13 30c 6- 1 5-13 90c 7-30 7-15 130c 6-15 5-16 6-15 5-16 (s-a) .4 ; (quar.) •. 1 ; (quar. )___j.____' 1 7- Ltd. (quar.) A 6- 125c (quar.) 4 0.234375 Co., Ltd., com. (quar.) common 40C 93%C Forest Products, Co preferred 1 6-12 .. preferred (quar.)__ Shoe Co., 5-16 6- 6-15 (s-a) (quar.) common preferred 5-16 4 30c (quar.) American 5-16 1 6- 25 c America of 1 6- 30c (quar.) Trust 6- $1.06 Vt (quar.)— Brunswick-Balke-Collender Co., - 4 5-16 3 75c Bruck Mills, Ltd., class Class B (quar.) for- redemption, 5- 6- common—. British Columbia Brown 5-14 - 30c Company Mills 33/4% Notices 5-14 5-14 3 (quar.) Co.!_ Investment Bourne 1 6- Oil Blaw-Knox Bond 1 6- 125c Manufacturing Co. (quar.)——___. Black, Sivalls & Bryson, Inc., com. (quar.)_ JRevised figures for pre¬ 6- 112 Vac Bristol-Myers Co., common 5-26 25c Year-ago figures have been adjusted to a gross basis.- and 5-16 1 (B. 30. 1948, individual loan items are reported gross, 1.e., before deduction of valuation reserves, instead of net as previously preferred 8-22 ; Products, Inc. (quar.) Collieries Corp. (quar.) tEeginning June a 5-21 ( 10% Industries, Ltd.;— (final)- Co. 6-15 7- Belden Below will be found 5-10 115c Co., Ltd., (quar.)__——_— Barnsdall reported. 3 / - Co Corp. Electric A ; 20c ?. registered Powder .Class —— . (San Francisco District). vious week—$21,021. -• Babbitt 20,091 'Figures revised 5-11 76- 75c — preferred (quar.) Extra except ,___ 5-20 30c Ayshire accounts, Govt, , — — 1 496 448 105 : , 253 demand interbank + 5-14 6- 62 Vac (quar.)_—— (J. H.) Hardware, Ltd.— Atlantic Atlas 9 5-17 12 Vac (quar.)__ (quar.) Ordinary 49 — 5-12 5-31 common— (quar.)„__i preferred Associated + 2,009 1 6-10 25c — (quar.) (quar.)_ (increased conv. Class 4 — 1 Investment Co. of Illinois— Ashdown 2,524 — 22 5-10 70c Argo Oil Corp. 392 873 1,466 + 12 Vac Socket Co. Electric & preferred 4Va r/» Avon increase of $418,000,000 in demand deposits + 797 5-10 5-25 6- ' — preference (quar.) 5 % preference (quar,)_ American Metal Co., Ltd., common 73 + 6- 5-25 25c — (reduced) Col, 5-20 ' 4Va% 13,919 Banks deposits adjusted deposits, except Government Government 6-10 4-30 1 — vault 4.170 8. 6-10 6-15 40c (s-a)— Co. preferred preferred Common 396 + 7 & preferred 4,354 Interbank demand deposits: Domestic banks The condition statement of weekly reporting member of the Federal Reserve System in leading cities following + + — (quar.)_ Corp. Board Gas American 52 — " 38 25,458 U. banks 8 + 32,951 securities Foreign banks the — ' 954 2,119 Condition Statement of Member Banks 43/4% 81 — 3.863 Borrowings shows 9 263 Federal 2 5-16 $1.12 '/2 American General Corp., $2 Liabilities— Time indus¬ loans + — 4.078 Demand 5.482 "+•' 413 loans loans in conv. Common 361 153 + 10 4,712 0.6% ' trial $3 American $1.25 Balances with domestic banks- 52.0% Contingent liability on accept¬ ances purchased for foreign correspondents «• 53 199 purchasing or carrying: obligations securities 1 with 2 7- , $1.25 preferred (quar.)__ conv. $2.50 Treasury notes Cash re¬ deposit and F. R. liabilities note $2.50 91 — ".+ 748 1,827 Reserve 4 .. 986 + 142 Holding Hoe 350 + 530 - Treasury bills Other 5- 6-15 (s-a) common Fork pur- obligations U. S. bonds-. Total liabilities & cap. 7- t25c 181.25 preferred (quar.)—— Brewing Co. $3 Treasury certificates of indebtedness 466,711 134 — Government Government Holdert 5-16 181.15 (quar.) Co., American 1,625 — —' 134 Loans to banks Capital Accounts— 43 preferred & agricultural securities estate in Payable of Rec. 25c (quar.) —— Forging Other loans for 3,274 When Share . , American carrying: Government pref. Box ' 84.914 -T- 24,010 '7 loans 2,151,153 — 2,562 — + 14,162 and table are: class A___ (quar.) American 1948 1949 24,311 industrial, partic. Finance Amerex Apr. 23, "Apr. 20, 61,315 — Other liabilities Total 5% Inc. (+)' or (in millions of dollars) ; Investments—total Commercial, 123,692 — U. Total *"'%: Loans—grosst + 2,039.438 52.588 — S. bank—reserve + acct. acct. Member U. ^ Corp., Albany & Vermont RR. (s-a) Allegheny-Ludlum Steel Corp— Altes Loans—net Deposits: A preferred $4.50 1949 and second a Sugar Refineries, Ltd.— Participating Allied 12,579 Loans 66,803 follow with of Company Title & Mortgage Acadia-Atlantic ' + we Per Dec. (—) Since *"•.%; Then show the dividends we Abstract member banks follows: Assets— 1491 167. are week. Name and liabilities of reporting + 1,821,843 220,939 §Vol. * Apr 27, Total 166. The dividends announced this week 5% 211 + 733 + 200.760 — tVol. 1888 1 declared. smaller amounts in the other credited to domestic banks • 37 — summary issue. July preferred stock previously announced, but which have not yet been paid. Further details and rec¬ ord of past dividend payments in many cases are given under the company name in our "General Corporation and Investment News Department" in the week when 000.000 at all reporting member banks. 49 . 1782 grouped in two separate tables. In the bring together all the dividends announced the we current ' Due Dividends first Borrowings decreased $184,000,000 in New York City, $30,000,000 in the Cleveland district and a total of $168,- 587,853 1454 Jun DIVIDENDS " decreased in all districts. 2,477,482 154,976 — the Chicago district and by districts. Demand deposits 2,679,236 —1.592,600 4,500 — — —2,976,265 94,736 — — in this _ $62,000,000 in New York City, $43,000,000 in decreased 4,882.486 Bonds Total 249,522 + 214,037 — 27,813 — securities: 1 Total U. .16,486 — loans Bills + 1,193,500 19,928 + ' : advances and Discounts 23.112,643 reserves Other .—Jun :—1 1952 Hosiery Mills, Inc., 7% Treasury Demand deposits adjusted increased in nearly all dis¬ tricts; the principal increases were $150,000,000 in New York City, $105,000,000 in the Chicago district, $47,000,000* in the Cleveland district and $42,000,000 in the San Francisco district. United States Government deposits 23,761 — of member banks. 1,217,261 + 24,998 u R. notes 1948 1949 $ , bills increased $180,000,000 in New York City and a total of $161,000,000 at all report¬ ing member banks. Holdings of Treasury certificates of indebtedness increased $7,000,000. Holdings of Treasury notes decreased .$17,000,000. Holdings of United States Government bonds increased $21,000,000 in the Phila¬ delphia district and a total of $35,000,000 at all reporting Holdings (—) since May 5, 27, 'Apr. May 4, " , due series A, 5s, Loans to banks in¬ ! v : Cleveland district. '• ^ $38,000,000. Page Corp.— Power Real creased CALLED Pacific type of merchandise. 000,000 in the ISSUE 51591 1st .531909*7 dollars) 1949 " ; .. 1821 * debs., series A, due 2024—July sinking fund debentures, due 1959__ England Telephone & Telegraph Co.— New .561799*1" .531909*1" crease v"• Jun 17 Jun 1 \V'Date 5% .5319U9*t Increase (+) or Assets— 1890 1492 T241Q 4.007500 4.007500 • .561799*7 Reserve Banks Combined of 1 1 Jun 1968- 1 .588223*7 .588223*+ Statement of Condition of the 12 Federal thousands * * * _Jun Co., 6% debenture bonds, due 2024 Jun Lighting Corp., $5 preferred stock——-—Jun Public Service Co. of Indiana, Inc.— 2%% convertible debentures, due 1962—— May 25 .658300*7 .588223*t .588223*1" < ♦Announcement (in 1 1 1 1996_Jun preferred stock—July $3.75 ENTIRE Appalachian Power Co., 6% .551909"'t depends upon due mtge. 314 % bonds, ser. C, due 19731st mtge. 3% bonds, due 1958 .378223 4.007500 r Co., Inc., - • .561799*1 tApplication 1672 .—Jun — due bonds, Co., .472166 .233629 —— rate. 1958_— 3% Oil .040328 .658300*7 .588223*1" Uruguay, peso— 1671 Co.— line .233629 .278228 . Uruguay, peso__—— 1338 May 15 — v 4.007500 Closed .658300't pipe Associated 1st lien & ref. Wilson .233629 4.007500 Natural mortgage Water .273228 •; • —_— ; Uruguay, peso 1st .040325 ,472166 .253629 —+. i— Union of South Africa, pound Uruguay, peso 1 May 16 Jun 1960 1 .472166 .040325 .472166 .278228 Sweden, krona •Nominal •* . .497240 .472166 Portugal, escudo_, Straits Settlement, dollar Switzerland, franc— due .197240 - 3.991336 r— — 1606 • 1961 Virginian Ry.— .376100 " Norway, krone Philippine Islands, peso May 12 —Jun 1 due A, ser. 1st mtge. 4s, ser. A, 4% preferred stock Co., ' New Zealand, pound 1882 Co.— due bonds, mortgage .004671* .003039* :— 1 Co.— .140168 ■ 1965 series A, due 1961 Theatres, Inc.— .004671* ______—___™— Mexico, peso i Netherlands, guilder ; Fibre .004671* IT—— _—™ 4s, debentures, .004671* India, Dominion of, rupee . mtge. 1st England Seaboard (Metropolitan), franc— Official™ due Co.— Vulcanized Poli-New 4.031835 1881 —————Jun Co.— bonds, collateral trust bonds, due 1956— Co., 1st mortgage 314s, „ .208535. 1 Transfer 15-year .301166 .301166 .020060 .208535 .206535 Denmark, krone.. ,301166 .020060 .301166 '— -+• ___ Czechoslovakia, koruna Depot 1777 i Jun Ry.— mortgage 3%% bonds, dated 1936 1st 1.000000 .942500 Official conv. Corp.— 1961 due 3%% Sugar Electric Minnesota Canada, dollar— Union 20-year 6% Iowa Power 3'As, mortgage ——Jun 1 bds., due 1968—May 10 preferred York New Street 1st .021500 Co., mortgage Fort 3.212640 3.212313 3.212313 3.212313 .022750 Free 5%: debentures,' dated'19451——-—-'-May 25 .251247* Belgium, franc __— Foreign "bank notes" account™ France 1661 Inc., 5V>% .251247*' .297733* Pago ~ . . bonds, ser. A and B, due 1974—*——May 15 .297733"'' 3.212150 Ceylon, rupee Canada, Ltd.— .200000* Australia, pound Free of 3Va% mtge. B'/G Foods, $ $ Co. stock Clyde Porcelain Steel Corp., 5 Vb% $ Argentina, peso— For "regular" products— For "non-regular" products For certain industrial Apr. 30 $ Apr. 29 Date Company and Issue— in New Yorl^ Cable Transfers for Rate 1877 1770 V debentures.-, May 16, bonds, due _1959'___May 16 REDEMPTION PARTIAL Noon Monetary Unit Country and United in Value 1 PaS® .iMay 10 — INCLUSIVE 1949, 5, TREASURY UNDER TARIFF ACT TO TENDER Company and Issue— Air - . OF NOTICES . Asuncion FOREIGN given in the "Chronicle. were of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies record for the week just passed: - a the details daily Treasury the buying rate for cable transfers in the different countries of the world. We Pursuant to the requirements to the Monday, May 9, 1949 17 Vac com. (quar.) 6-15 5-16 6-15 25c ———1—«" —'$1:25; V. 7- 1 , 6" 1 6-20 t . Volume 169 ' • , „ , . Name of Company - Buck Creek Oil THE Number 4801 . - . When Per Share * . Buell Die (s-a,) 6-15 5- 6 6- 7 5-17 6- 1 5-17 5-26 Extra $4.25 5-13 5-18 Hathaway Byers (A. 6-14 5-20 Hawaiian 5-20 5-10 California Cold Common ' iquar.) Company M.) — 7% v Canada Vinegars, 6% $1 Ltd., A Ltd., preferred^ 1 5-16 Howard 6- 1 Hudson 2 6- 1 1 5-31 7-1 5-31 170c 7- 7- 7- (quar.).. Co.,'Ltd.— 1 Class A Canadian 7- 6-15 6 Vz '7c 6- 5-20 6'/a% 130c 6- 5-20 6- 5-16 Extra — 4)4%-preferred (quar.) Carman & Company, Central National Central Ohio Light & $1.06)4 25c 40c t_u__ 90c .—3 5c. <quar.)_ 50c _ ' 40c Corp ____ Power, (quar.)— com. ' preferred (quar.)— Central Paper Co. (quar.) —— Central Surety & Insurance Corp. Central Soya Co. (quar.) _ — 3.6% Central _— (quar.)—— Co. Belt Corporation Transit, 40c preferred 6% (quar.)__ —— . Corporation, $3 preferred (quar.)__ Cab Co ——_ Chrysler Corporation Clark Equipment Co.,; common (quar.)___i_ Chicago Chicago Yellow preferred Class (quar.) 1 6- ■ 8 Kern 5-23 6- 1 5-20 6-28 6-15 Koehring > 6"0c 1 5-15 Kysor Heater Co. 5-20 La Consolidada 5-20 5-27 Lake 6-15 5-27 Lamson $2.50 6-15 Lamston 1 6-15 7- 1 6-15 Inc., Stores, Ltd —— (quar.)— common B — Corp., tquar.) Consolidated Textile 5-20 6- 5-20 See Le Secord Tourneau Lea Fabrics, 5-16 Lowney 5-20 Maclaren — Lee (H. D.) Co. Company, 5-20 4-20 6-15 Masonite 6-23 6-15 5-14 5- 1 4'A% 5-16 6-10* (quar.)— —$1.05 7% pfd. (quar.)_ $1.75 2nd preferred — common (quar.)——. preferred Stove, Detroit-Micnigan 5% preferred preferred Motor Car Pepper Co Dominion-Scottish Light 5% RR. Co. Steel Products, Mahonoy Utilities Ltd., Gas Natural Paso preferred 4'A% preferred Electric Auto-Lite 5-20 A (1947 quar.) Co — Mission 6-15 5- 4-29 5-16 5- 6-15 5-16 2 6- 6- Class B Missouri 5% Molsons 5-14 1 4 5 Monarch Loan P.) (J. Morrison Cafeterias Mountain National r4'A% Fuel National 6-30 6-14 6- 5-18 67- 1.1 1 5-18 1 6-14 5-3 6 National 1 7- 1 6-20 1 7- Stock 11- 1 6- 1 ,7- 1 6- 6- 1 5-17 10- 7 Retail 5-10 . Co. The 3 Trade 6-15 Class non-voting B 6- 1 10% 6-10 5- 5 Motors preferred $3.75 Corp., General Precision Georgia Marble Gilbert. & Godman (H. C.) Golden_Statc Graflex, Grafton Inc., &r, Class A Class A — Mfg.—— 5-14 • 20c 3 0c 7- 1 6-15 6-10 —- Company, Ltd.; class (quar.)__——— (quar.)___ A (quar.)_ — 343/8c 1 Roebuck (W. 1 $2.50 6-15 6- 5-16 6-13 20c 6-10 6- (quar.)___ Jl5c r 1 7- 1 1 7- 1 4'A % 7- 1 . 6-15 5-15 $4 Shops, 6'% Advance ic 5-15 4-30 5-15 4-30 3c 5-15 5-15 preferred A Tool Telephone Thew estimates of New 5-31 t$1.25 quar.)__ (initial) tl2'Ac 6- 1 5-14 preferred $2.50 6-10 6-30 9-30 9- 9 12-31 12- 9 6-10 5-12 6- 5- 120c 1 9 10c 5-26 5-16 5-26 5-16 25c 6- 1 5-17 62'AC 6- 1 5-17 (quar.) (quar.) >' ; 54'Ao ;1 5-16 6- 1 5- 9; i $1.25 1_ 1 -130c (quar.) 6- 1 5- 9 & & 5% Co. 7% : '5-16 4-30 6- 1 5-16 6- 1 5-14 6- 1 5-16 $1.37'A 6- 1 5-16 12'be 6- 1 5-21 13C 7- 5 6-15 25C 6-13 5-25 $1 8- 1 7-15 $1 8- 1 7-15 $1 7- 1 6-20 50c 6- 1 5-18 5c 5-27 5-17 $1.35 pfd. 6-15 5-16 25c 6-15 6- 25c 6- (quar.) — (quar.) (quar.) Share— (accum.) Bearing - ______; 75c pfd. 5% (quar.) 1 5-17 6- 1 6- 6 5-20 7- 1 6-21 5-16 62'Ac « _ 1 6-15 $1.75 Co 5-. 2 ' $2 . ; $1.06'A — Railway. 5-16 ; 5- 2 $1.25 5- 2 4-27. 65c 6- 1 5-16 58 '/3C Co 6- _____ Light & Railways— prior preferred (monthly) prior preferred (monthly) prior 5-21 20c (quar.) , 1 5-31 53c 6- 1 5-31 60c 6- 1 5-31 17'A % 7- 5 5-24 a2'A% 7- 5 5-24 6.36% 6% 2 1 $1.37'A Iquar.)_ (quar.) & Car 9 5- 6- 6c (special) Co., common (quar.,) preferred (quar.) Roller 5- 5-13 15c iquar.i__^ $1.12% conv. Die Bend 5-19 6-15 Paper— (quar.) Inc. 6- preferred (monthly) United Molasses Co., Ltd.— ». Ordinary registered (final) ___________ , a ~ Cordage, 7% pfd. (s-a) $3.50 Chicago & St. Louis RR.— prefeired A State Electric __: • Stocks, Building Chemical 5-20 6-13 Corporate 5-17, Diversified 6-15 5-25 Diversified 9-15 8-25 Diversified 12-15 11-25 Electrical (quar.)__—: 9 5-20 5- 9 5-15 5- 5 7- 6-10 $1.12y2 7- 1 1 6-10 series series series ______ ' Printing & S. Rubber U. S. Spring 5- 5 Utica 5-25 5- 5 Van Norman Raalte 5-25 5- 5 Van 5-25 5- 5 Vick gc 5-25 5-25 5- Co., i_; 5- 5 7c Fund Industry series __. 5-16 1 7- 1 6-15 6-10 5-16 1 5-16 Z:. '" ^ 5 6'Ac lc (irreg.) ' 6- 5-10 4-30 8 5-28 6- Co 25c _____ 50c (quar.) 6-20 ____________ 5.25 5- 5 5-25 5- 5 6-10 6- 1 5-17 6- , Co. 4-30 6- Knitting Co 6 5-16 * Virginia $5 Eleclric & Power, preferred common 5-25 5- 5 Walgreen Company, common 4 % preferred (quar.) 15c 5-25 5- 5 Walker 8c 5-25 5- 5 $3 Mfg. (Wis.), preferred iquar.)_ (quar.) 15c Fund - & Bumper Co.— Co 5-16 75c common. (quar.) Co Chemical 1 5-16 3c 5-17 6- 22'Ac 5 sc ^ 5-27 62'Ac Lithograph preferred 5-25 " 9c — $5 U. 4C Industry shares, Equipment S. 5% 8c Stock (Seattle) Delaware, series E 10c ___; series Preferred Co. U. S. Casualty Company, 45c conv. pfd. (s-a) > U. S. Electric Light & Power Shares, Inc. ioc series Investment Insurance 4'/2 % preferred (quar.) Utah-Wyoming Consolidated Oil Co. Inc.— Industry Bond 3 5- 9334c Industry series_ Industry series___. 1 ~6- U. Supply 6- 1 5-20 85c ___, (quar.) Industry 6-30 7- 75c:* shares____ Pacific Quarterly , 75c Industry Stock $1.50 Extra United Gas— (initial) preferred preferred York & 1 ; (accum)___ Shipbuilding Co., Founders Bank i 2 5-17 Ltd Telephone 5-4 Aviation 5-20 2 6- 1 (quar.) 5-11 Ltd., 5% pref. (quar.)_ Co., 4'A % pfd. (quar.) 6-11 60c 6- Y. 6- 6-11 6- Shovel Timken distributions.- series 5-14; 1 25c 1st1 preferred 7% 7% 6-15 5-18 6- 15c (quar.i_ (quar.) Products States Drug, 4-30 8c 6-15 $1 Tennessee, Alabama & Georgia Ry.__++_ 4-30 4c 7-11 6d Co Bag preferred Superior 4-30 Gc shares 6 1 8- 37'Ac common preferred Chemical Sterling 4-30 5-15 5- 5-14 $1.31'A (quar.)__ Standard-Coosa-Thatcher Co. 4-30 5-15 5-14 Springer Sturgeon Gold Mines, Ltd Squibb & Sons, common (quar.) $4 preferred (quar.) 5-27 ]2c 1 50c preferred Steel • . 6- 25c 5% Pen Co. Sperti Foods. Inc., 5% 6-15 ioc 2 25c Spear & Company, 5% 1st preferred 5% Snd preferred <quar.)_. 6-15 50c 9- Castings Southwestern 6-15 $37'Ac 1 Co., Ltd.— registered (annual) Steel Southern 6-15 7- 1 10- (quar.) Candy & (T; L.), Solventol 5-10 1 Co. Son, Ltd., Saw Ordinary 5-10 $1.06 & A.) & Mfg. Smith 5-23 (quar.) 6- 933Ac $1.25 convertible (H.) Sivyer 4-30 30c Co., redeemable preferred Singer 5-14 (s-a) 1 1 20c Simonds 5-14 1 5-16 7- $1.25 (Laura) Sheaffer 5% 5-25 66- $2.25 Inc.___ Line RR. 5-25 $4.50 5-25 1 6- 20c $1.25 Inc Air 5-14 6- 93 "Ac __^ preferred 4'/2% 5-20 com.__ 1 6-13 • ' com. new 15c Bedford 5-25 6- 1 6- 50c preferred 5-24 6- Co., Ltd., -'5-11 Automobile $1 $2.50 125c 125c 125c 3 Oil Seaboard Simon 5-13 6- 6-20 ' 1 37'Ac preferred $1.50 5-25 Agricultural 37'/2C 1 V 6- . Inc., 15c 7-11 4-29 5-27 6- 7- quar.) 5-2 5-12 5-14 5-13 1 5-28 Simon 5-27 6 (initial 5-16 7-11 $1 6-16 5-16 5-16 Works— $1.06'A 1 1 6-16 1 1 60c Signode Steel Strapping Co., common 5% preferred (quar.) (Franklin) & Co.— 1 6-10 5-24 6-13 Extra Roxy-Theatre, 5% 6-30 6-10 6- Extra 5-20 6- Metal common Royalite 5-20 RR.— Inc.— 5-10 $3.75 5-20 6- 6-27 6-11 Brass, 1 1 (quar.)_ pfd. (quar.) Inc., Participating shares N. 6-10 5-31 5-24 & 6- 8- 12'Ac Art New 5-20 50c (William), 8- 6-15 Ronson 1 53 'Ac Erie preferred' United Common Co., Ltd., 4%' pfd. (quar.)— 5% preferred (s-a) Company, 6% 6-10 1 . 25c 25c (quar.)— Co.; (quar.)— Bennett 1 Copper 5-31 Y. 9 6- Company (quar.) Corporation (irreg.) 5-31 $1.25 $1.25 (quar.)— Equipment General Tire & Rubber Co. 76- N. 5- 15c (quar.) (quar.) 5-31 933Ac common (quar.)—— preferred 125c 6-30 5-16 $1 Co., common__,w._.._. preferred (quar.)_— preferred (quar.)— 6-15 Y. 5-16 Purina 6-15 New N. 7-25 6-10 25c (increased 1 50c (quar.).-. Roan Antelope Copper Mines, Ltd. (interim) Rochester Gas & Eiectric, 4% pfd. F (quar.) Sears 6- 25c tquar.) .V Corp. » 87'Ac (quar.) 6-15 6% 150c 1 $1.19 5-20 35c ' (Herman) 1 5-14 : Lake & Bakeries Corp; 5'A% 5-20 1 Bessemer 4c Neiman-Marcus 6- 6- 56c $1.50 preferred conv. 2c Nelson 6-15 I- 25c 3C 3-24 4 20c prefeired (s-a)__ Secord ____ 3-24 Co.) — .$5 , 1 6-10 80c (quar.) shares 1 5- T__ common Street 1 6-17 5-11 3 25c Inc., Tank shares 6-28 20c 75c (quar.)_ Union 6- .v, . Fraser General 5-18 Extra Ltd.— deposit receipts (interim) Franklin Simon & Co. (see Simon (Franklin) American Companies, Ltd., common 43A% preferred (quar.) Freiman (A. J.), Ltd. (extra)— Gary (Theodore) & Company— $1.60 1st preferred (accum.) ,—__— General Manifold & Printing (quar.)___.l— 5-31 6- Co. Building shares Ford Motor of Canada, & 5-18 shares 6- 25c Brewing Union Neilson 20c - (quar.)^ 5-31 Oil ' 5- _____ preferred- Chemical - 6- Corp._„_ 7% 5-31 5-16 4 5-15 (quar.) 5-31 5-16 6-15 1 Corp.— 6-15 1 5-27 7- 6-24 (quar.)_ (quar.)__ 6-15 1 5- 6-15 50c Co. 6-15 6-15 $4 preferred (quar.) —— —— $1 Forbes & Wallace, class B voting.——25c 5-31 (irreg.) Stock 5-25 City)— Paper Co.__ ic 6- 1 6-11 series Aviation $1 83Ac (Kansas 7C 6- 3 5-20 9 6-.ri ?5c are 1 75c _______ (quar.)_ com. (quar.) Co. 4 5-14 6- $1 5c Flintkote 6- 2 2 series Institutional 50c (quar.) Line, Twin City Rapid Transit, Tyer Rubber Co., common v $4.25 preferred (quar.) Income , 77- series 15 June 5- 40c _^_ 1 2 5-20 :__ amounts shown below the 5-17; 6-15, 6-16 6-10 shares Institutional 6-15 6- 6- Revere 6-30 (quar.) Equipment ' 5-12 $1 25c Regina 25c 8c 5-16 (quar.) 5-17 9c Stock 6- common 5-14 5-31 120c Co. 1 - $1.25 Ray-O-Vac 62'/2C Funds— 1 Company, 6-15 series Railroad 5-16 6-15 15c 6-15 Selected Group series Railroad shares 1 8 50c —— preferred 6-15 1 series i-reierrcd 6-20 8- Trust Balanced 6-30 7- Transit 1 $2 5-16 1 7- 50c (quar.) Standard National 4-30 7-30 common 1 7- $1.18% common 7- .J (quar.)__ , Ltd., preference National 6- Corp., 6- 10c 12'/2c 3 7- Carpet Co., 933Ac (quar.)___ Grocers, (s-a) __$1 York 5-16 Co Co. 5-14 Company 5% Consolidated, 1 5- 33A% 50c Cylinder Gas Co.; com. preferred $1.50 6- J25c Supply 6- 5- 5-16 (quar.) & Company, 3 5-10 5-16 33A% $1.12'/2 pfd. 5 6- $1.25 (quar.) Inc. Works, Mfg. Ralston J25c Co., 5- 5-20 5-9 Purity 1 (quar.)„ 5'/2% Inc.— Co. Corp. pref. Water 4'A% 6-1 Ltd Society. (quar.)_!___ 1 6-15 10c 5-16 1 $1.25 Tool I 25c Transportation Pittsburgh, 5-28 6- iy4c Machine. 6- $1.12'/2 (quar.) Extra 5-21 6-10 75c (quar.) Brewery, Monroe 6-15 37'Ac (quar.) (quar.) preferred 5-20 CorpT," Ud77Del"iIZ"3II™iriZZZ 1 t62'/2c common 6-10 Quarterly 5-14 (initial) common 6- 55 '/2c (quar.)___ Pictures Pitney-Bowes; 50c Pipe Line, 5-12 Phelps Dodge Corp Philadelphia Suburban Transportation— 6 7- 15c Utilities, (reduced)——-— 35c 5% preferred (quar.)— ——$1.25 Fishman (M. H.) Co., Inc. (quar.) —J'— ,25c _______ First Firth 5- 7-15 5-31 Mississippi Glass Extra 115c _ Co. 3 Petrolite 50c Development 6- 25c 6% A 5-12 50c Pipe preferred Peoria Regulator— Morgan 75c 10c — 5-16 85C preferred 1 (quar.) Drugs, Pepperell 7 50c Ltd Moore-Handley Hardware 5% preferred (quar.) 125c _______ (quar.) convertible 3.20% 1 40c $i — 20c Common 7- 125c Corp., common (quar,)—_ preferred (quar.)—— Mills, Ltd., 5% pfd. (quar.)—— 5% preferred <quar.)_ Equity Corporation, $3 convertible preferred20c preferred (s-a) Pajardo Sugar Co.——— 1 Palconbridge Nickel Mines, Ltd 5- $1.06'A (quar.) (quar.) Co._^ Minneapolis-Honeywell 6- 5-17 Engineering 6-15 5-31 Airlines 6-15 1 6-15 50c 150c 4% preferred 5-12 37'Ac Parchment $2.25 Consolidated Gas— Mid-Continental 6-21" 5- 1 Company__ Eastern partic. Pfeiffer 7-15 B 4%% 5-16 1 Telephone > 5-20 class A 1 7-15 75c Esmond Co., 6-24 1 6-10 Pennsylvania 5-12 common 7- 30c —— & 5-13 7-156- 6-10 Pennsylvania 5-9 (quar.) <quar.)„_j 7-15 $1.02'/2 $1.06'A — Stern 6-15 15c preferred Economic Parmelee 50c Co., preferred 1 50c — 35c 933Ac Oil Co., 5-10 15c Investors, preferred* Parkview 5-25 f50c series) 1 $1.13'A preferred Insurance Paramount 5-18 1 Co., common preferred (quar.) Paper Class Co.— (quar.)_ (quar.)_ 4% 6-21 1 t25c common 7, 125c (quar.) 1 6- 5-25 Co (quar.) 7- 7-15 $1.25 §1.50 $1-25 115c (quar.)—______ class 7- 6-15 6-1 (quar.) Frontenac Missouri-Kansas 7-15 40c $1 r-r— Palestine 4 6- Manufacturing Michigan 5-14 Johnson Extra 5-20 1, 1 Employers Reinsurance (quar.) Enamel & Heating Products, Ltd Endicott 3 6- 6- pfd. (quar.)— pfd. A (quar.) 6- 5 6- 7-1 Co Machinery Fanhandle 5-14 $1". (quar.) convertible Michaels 6-11 6- 5-15 25c Lumber Package 5-13 6-15 5- 6- (quar.) Pacific 2 6+15 (quar.) Co. preferred 4'/2% 5-16 , 5- 5-24 62'/2c $2.50 1 1 Ltd (Initial common 4.10% 6- 6-27 81'Ac (s-a) Associates El 11-10 6-15 1 1st Durham Hosiery Mills, 6% Eddy Paper Co., 11-15 6- —— (quar.)— preferred Co., 8-10 6- (increasedi preferred A (quar.) $3.25 2nd preferred (quar.) Du Mont (Alan B) Laboratories— Eastern $0.1451 McCord 5-10 8-15 $3 5c $4 convertible 1 162 'Ac ——— Dow Chemical Co., common 5% 5-13 6- 50c 50c Ltd Industries, 5-16 5-16 25c' 75c 15c 5-16 pref. Fire 5-16 37'/2c Mersey 125c (accum.) Brothers, Ltd Eastern 6- $1.50 $5 Pacific 5-14 5-31 37'/2c 5-13 Ltd.— Investments, preferred Duquesne 6-14 <quar.)_ 5-16 50c — 4 American 3 5-25 5 5-25 Pfaudler 1 1 (quar.) 6- 5- 5-10 Corp._i Paper, Paterson 1 5-31 3 — Inc. . 4-30 6-30 30c 6- lc (quar.) & Sons, Dr. 5-15 $i8c 5-13 6- (quar.) 5-16 10c (interim) 6-13 6- —— Realty & 5-16 3 20c common 1 6-15 (quar.) Detroit Mortgage 3 6- 46c (quar.) 1 10c (quar.)— (quar.) 5% pfd. 5% 1 4-29 6- Tube Coal Oxford 1 6- 5-16 5 5-25 20c (reauced)___ Co., 4'/2% Seamless Ben Pacific 5-17 6- 6-15 15c 6- $1.75 1 6-20 $1 5 5- ; : shares Power Ohio 5-23r 25c 7- 25c (quar.) (quar.) 6- , 75c Corporation, common (quar.) preferred (quar.) Merchants Distilling Corp.__i _— pfd. 7% ; Co. 6-20 25c 1 preferred Conveyer McAleer 3 McColl 1 — Inc., Sons, Harvester Ohio '• common . Forster Securities, T 5-12 7- Corp.— - • 125c (quar.). Ltd Corporation Mathews 5-12 1 25c 40c $1 A (quar.) Zellerbacli Corp., (Henry) 1 5- Cork International New 66- 5-14 Day Mines, Inc East t40c 7c May Department Stores, (quar.) ______ Co._—— convertible 5% 6-9 Old Ltd.— $1.25 convertible preferred (s-c.) 7 Steel Industries— class Cushman's : 7- 2 1$l.l2'/2 5- 5-25 (quar.)___ Co. Co 5-25 O'Okiep Copper Co., Ltd.— Ltd.— 35c Paper convertible preferred ! 6-9 Candy 5 6c 35c Co- common (quar.)_^ Pharmacal Nutrine 5- 93%c Insurance preferred (quar.) Norwich Massey-Harris, 6- $15c & $3.75 Dover ■ Canada, shares M.), Power Range —. 20c CoiTUgated Paper Box Co., Ltd., common.— , 137'Ac , 5% preferred <quar.)„_—$$1.25 Crown Capital Corp., class A — 5c Copper 5% 7-2 „ American ______ Co., Inc. preferred Donohue 1 (quar.) (Walter Maltine 5- $1.25' $10 iinitial) 5-20 6- 25c (liquidating) 5-20 6-25 140c (quar.) ; 6- $3.75 Disston 9- Ltd.— Candy Shops (R. G.), $4 preferred Inc. (year-end) 5-20 Diamond 1 9-10 5'A% 5-17 6- (Laural 5-10 Detroit 6-30 6-10 preferred 5-25 5 $ 1.12 Va Life Service, 4'/2% 5 $1 (quar.)__ „ 5-17 6-13 $4.20 Public 5-17 5-31 Crum & National Northwestern 5 30c 31'Ac preferred $4 Northwestern 5- 17c (quar.)__+ H.), $3.40 Crown 6-15 1 7'Ac 6- / Ltd. Mills, Continental Copper & $1 5*13 7- 5-14 v 40c 6- _______ common preferred (quar.) Consolidated Liquidating Corp. Crown 6-13 25c 5- 15c (quar.)_ prior pfd. $4 1$1 t$1.25 (quar.) 35c -J. 35c 5% 5% Northland Greyhound Lines— 33A % preferred (quar.) Company (quar.) Lansing Company (quar.)___. Laura Secord Candy Shops 6- 1— tquar.) Broadcasting System, Inc., clars A Consolidated Grocers 5-31 (M. 50c 62'Ac 37'Ac Milling & Elevator Co. Consolidated Amusement, Ltd. 6-15 6- 14c 25c 50c : Corp preferred (quar.) 5% preferred (quar.)___ Columbia 5- 9 Refractories Water, 5 5-25 1$1 6-1 American 5- 125c f (quar.) $1.06'A Co._^ Ltd. Mines, Ltd. North Lane-Wells 6-15 Noranda 5- 5-25 14c . ^___________________j. Northeastern A.— prefeired 1 1 9 5 5-25 10c series Industry series Newfoundland Light & Power Co., Ltd.— Initial 5- 9c : Equipment Industry Industry series : 4-29 (irreg.) S. Sessions 7- common.— 5- 37y2c Mines, & 5-16 series 5-20 (quar.) preferred Shore 5-14 ' 1 5-25 5 4c series__,-_— 5- 6 (quar.)___- 1 6-14 6- , Industry 6-10 Company 6- 6-15 7-19 Utility Tobacco . 5 13c Fund___ Investment $2 (quar.) preferred American 7-29 „ 16c Corp. Gas Gas 6- > 6-14 75c Keystone Custodian Funds, series S-2 Kingsport Press, Inc. (quar.) Knudsen Creamery Co. (Calif.), com. (quar.) 1 1 6-24 25c ;_ 6- 5-17 Steel 5-27 25c 5- 10c. 55c of Products Natural County Land Co. 6- t 5-17 .25c " 5 5-25 5 18c ... Railroad __i. (quar.) Extra 5-10 •• Railroad 5- 13c , 5- 5-25 10c series Coast 6-18' . Co. Pacific Public 30c , Industries, Nickel International Interstate 7- _________ ______ Corp., 4% Class 5 5 7- common... (s-a) Aikman & Colorado 55- 5-20, . series 5- 5-25 7c series______,_p_, : 5-25 4c ; series Industry 6-10* Quarterly -_—-i__ International Petroleum, Ltd. (s-a) $1 A Cochenour Gold Mines, Colonial ; _ International A Collins 6-20 preferred $7.50 (s-a) —j————$3 Company, class Coca-Cola * 4'/2% $1.50 Coca-Cola $3 6-30 Oil 1 (quar.) 5-14 Metals 5-20 112'/2C Metal A International 5-20 1 1 _____ 5-16 5-25 $3.50 20c $1.50 $3 75c 25c S1.25 50c $1.25 .— Chicago, Burlington & Quincy RR 5% '5-14 7- $1.04 — Charleston 1 6- i, •' Chapman Valve Manufacturing Co.— 7% preferred (s-a)_ Charls 1 1 1 Corp.— Class 2 6- Merchandising J40c Silica Jacksonville —— preferred 4.15% Chain 5.7- 7-15 Service— Public Vermont 5- 6- 6- Holder• Payable of Ree. , 10c series series Industry 5-14 • 7- preferred (accum.) preferred (accum.) International 1 7- Co Power 6- series Bonds Stock Machinery 30c- Increased interim Industrial 1__—120c Ltd. (quar.) ___t._u.___ .. 130c (quar.): Tire Corp., & 1 Insurance $1.50 4'A% preferred (quar.)____ Mining & Smelting, I.td._^ Huron & Erie Mortgage Cnrp.__^ Huston (Torn* Peanut Co. (quar;) Imperial Tobacco Co. of Canada, Ltd.— 5-31 Canadian'Ice Machine (quar.) Light 6- Industry Government « 5-14 Manufacturing Co. (quar.) Battery Co.,-class A (accum.) Barbizon 6-11 Food When Share 47 Stocks, Inc.—Concluded 5-25 (quar.)_____________ Bay Hotel 6 $1 z__ Stores, 2 5- . ■ common..— ' 4'A% Houston t30c tl8%c 125c __.l_.i-L._J.— +$1.12'A + (quar. common (quar. Products, (quar.) Food class 5-28 7- Ltd preferred Canadian 4-25 6-15 6- .. Ltd.-rT' — Canadian-Cottons, 1 Hobos 137V2C —120c (quar.) & Forgings, u Co. 5- York New 4-25 15c Henkell-Clauss, $5 preferred (quar.) Hibbard, Spencer, Bar tie vt & Co. (monthly) Monthly i Monthly _i ; Hobart 5-1 (quar.) 5-10 , Glass 5- 2 5-16 50c 25c (quar.) Ltd. Co., Per Name of Company 4-25 40c (quar;) Pineapple 4-25 $1 4334c Foundries A 5-10 5-20 .. • (quar.)___—. preferred Class .5-20 60c (quar.) common Holdert 2 90c $1.06'A preferred Bakeries 5- ,~v 1 (quar.) Co., convertible $2 Hazel-Atlas ! 37.'Ac 31)4c 37'Ac - $1.25 Canada v . ______^=.i i Common 25c . Storage & Distributing Co.-r-, (quar.). prior* preferred (quar.)_— $1.50 partic. preferred (quar.)——— California Pacific Title Ihsurance Co^—li' . » . 5-31 Hart'-Carter When (2031) Payable of Rec. 15c _ preferred 5-10 3 CHRONICLE Share • '__ 6- — .... - , (quar.) & Knight Co.— $1.85 prior preferred (s-a)__. Hannd (M.' A.)" Company, - commoni..: 5-25 Company Forge Burkart Co. Graton 5-16 45c of Company Graniteville (F.) Manufacturing Co.——50c Burton-Dixie Corp. (quar.)...—30c Buffalo 1 FINANCIAL Per Name 4-30 5-16 1 _«——2c Machine.. & 6- 5-14 , & Holdtre Payable of Rec. 30c Buck Hill Palls Co. .(quar.)____;___—— 15c Buda Company 20c Budd Company (The) common^-P-—15c .$5 preferred (quar.) _ $1.25 Co. • COMMERCIAL .common (quar .... 30c 6-20 5-31 $1.25 . 6-20 5-31 40c 6-11 5-'6 $1 (quar.)__. 6-15 5-16 _ 50c 5- 2 4-20 _____ 75c 5- 2 4-20 (quar.) THE (2032) 4a , . Per . Name of Company When Share West Jersey & Seashore RR. Co 6ft special guaranteed (s-a)_ - COMMERCIAL & FINANCIAL Holder» *"• "• Payable of Reo. Name of Bibb — Company Manufacturing Per When Share , (quar.)_ Co. CHRONICLE Per Payable of Rec. 50c 7- 1 7- 1 Name of Company 6-20 50c 4, Western $1.50 —— Auto Weston Electrical Instrument Corp. Wnitaker Paper Co._! White's Auto Stores, Inc Will & Candle Baumer Williams (J. B.) *-$1'px*eferred Wilsil, Ltd. 15c 50c 50c 12 7ac 10c (quar.)_ — ______ Co.., _ .T____—_ Company, common 15c 25c $25c (quar.)_ (quar.) Wilson Brothers, $70c _ 5-14 5-16 Bickle-Seagrave, 5- 5 5-24 6-14 5-15 5-10 Bigelow-Sanford v t$2.50 $40c Extra 67« < preferred Black Hills $4.20 6-20 A. B. A. T. Vending C. P., Inc. Share Boston Woven Hose & Rubber, Roller Co., pref. (quar.)——_____ Bearing Co.J__——: Class Ltd., I. B class A :. Brewers & Extra _1 .: Distillers —1 6-15 of $$1 Tobacco Co., Ltd.— " (final) Ordinary registered (final)—— Brooklyn Union Gas Co.——___—__—~J_- 5-14 Steel Acme Co. Co.* Acme Wire Adams — $1 6-13 5-23 100 ft (quar.) 6-15 5-23 ___ dividend Stock 50c Aircraft Radio Corp. Akron & 5% Allied Canton 8c 4% Automobile Amer. Increased < Co. 576 6-20 Y6- 6- 4 5- $250 6- 9 877aC 6- 1 $1.25 (quar.)_ Louis)— : 6- 1 5-20; 5C 5-20 5- 5-16 4-21* 75C 40c 6- 6-15 5c 5-14 5- 10c Potash 6- 5-31* 6- 1 5-14 4- 6-15 6- 377ac American Pulley Co.„_ Radiator & American * Corp., 7ft American _ 6-15 66- 6-20 30C 5-16 6-24 (N. Y.) 30C tquar.)_ American Safety Razor Corp, (quar.) American Seating Co. (quar.)— 12 7a c —._ 25C Participating American Smelting & Refining Co., American Steel Foundries (quar.) Water Amoskeag , Anchor 6ft 6% Products Post preferred com i preferred (s-a) preferred 6ft 6% (quar.) Argus Farms _; 6ft 7% pfd. 4-22 6-23 6-23 6- 5-10 7- 1 6-15 1 9-15 6-15 5-18 1 5- 9 $1 6-15 6- 1 6-15 6- 1 25c 5-16 5- 2 40c 6- 5-13 T 6- 6- $1.75 (quar.) 1 1 5-13 6- 1 6- 1 5-11 6-13 $1.50 5-18 5-13 $2 $1 6-13 5-18 5-10 56740 6-30 ___ Co.— ' America 4-25 . - -l- $25c Canadian Industrial 5-9 5- 5- 7- $3.75 Cook 67 2 7ft Canadian : 5-4 . 6-30. 4-30 6% Grows I 1 5-13 55- 1% 2 5-23 - 2 8- Cuban 2 6- 10- 6 Seal & Seal Seal 472% class 6 5- 6 5- 7-30 . $$1.50 5-18 (quar.)*.*._ Lumber, 5-14 4-20: Ltd. $$1.25 7 ft preferred Case Corporation : (A. Catelli 5ft (increased preferred 5-15 ' 8-15 > 12- 1 6- 1 (quar.) 1 Diamond t5c (quar.) 6- 1 25c 6- 1 15C _ (irreg.) Corp.— 5-27 6-16 1 5-10 5-16 • 5- 9 6% 7- 1 8%c 10- •%c 1 6-14 9- 3 1-2-50 12-13 25c 6-10 5-25 20c 6- 1 5-14 6- 1 5- $127aC 6- 1 5- 4 5-15 5-10 (quar.)—__ $1.50 25c 6- 1 7- 2 6-10 35c 7- 2 6-18 $1.18%. 6- 1 5-16 $$1.50 7- 2 5-31 $$1.75 > 7- 2 5-31 (quar.) Co., common Benson & Hedges, $2 conv. 30c 5-14 127aC (quar.) 4%ft preferred (quar.) Beneficial Corp., $6 preferred • 4 25c ___ (quar.) 6- (quar.)„__ Berkhsire pipe Spinning Associates 5-16 5- 2 5-10 5- 6- 1 6- 1 6- 1 6- 1 6- 1 5- Class A (quar.) & Central Vermont South West ■' (quar.)—_____ Co.' (quar.)_ preferred Chesapeake Chestervllle Chickasha 5-14 common Company Cincinnati 'Gas Cincinnati 1 20c 5-31 4-29 5-16 4-25 J5c 6-15 6- 25c 5-10 50c 6- 1 1 6-13 / - T Virginia A Co.— . Co. 5-18 1 6-20 7- 1 6-20 50c 5-16 4-25 60C 6- 1 5- 9 $1.75 7- 1 6- 3 5-13 35c (quar.) _! 5-16 B- 82: : 35c . :, $1 3 1 5-10 1 5-1S ,;,9r | <6- 1 / 8-15 , (increased 6-23 & Dow 6-10 1 7- 1 6-10 5-16 6-1 5-16 5-16 7-30 6-30 5-31 5-17 6- $$1.25 5- 1 Chemical Co., 6-15 $25c m+m- Co., 8- Aircraft 4ft (quar.) Company, preferred 2 7- 2 6- 1 - 5-10 1 5- 6- 1 5-20 7- 15c ' 4-15 6- $1.25 Co., common (quar.). preferred (quar.) _________ Drackett 5-18, 1 1 7- < $25c Ltd.— •4-29 Ltd. (quar.)— Paper 2 '5-14- 5-20 $377ac 1 6-20 4 1 $1.75 -L common » 10c 5-15 5- 25c 5-15 5-5 35c 5-16 5-' 6 50c 7- 6-20. 30c 6-10 $1.12 7a 7-.. 1 6-16 5-15 ' 4-30 ■' (quar.)____ Dravo Corporation, common 4 ft preferred (quar.): Dun'& Bradstreet, Inc., common. 472% preferred (quar.)________ < Dupiiis Fteres, Ltd., 4.80 % - 1 5- 5-20 $30c 5-15 . 5^16- 4t22 7r i'-:-' 8-18 6- : ; 6% 6ft quar.)——- .< y Economic Common 6- 8-16 5-25 6-?3 4-30 $-$4 4-30 Erie 6- 1 $- f. $- a i-1 5-14 4-20 6-14 6<- 5-14 45c (special). , ,$l 250 1 5-23 $ 5-9 5-; 9 - ' 2 5-20., 5-6' 5-13. ' w -.7/15/ ;7rl5/ • top Oc 7- . 6- 1*. 5-12? 6-28 6-2$. 1? 6-15" 6- 1 5,-20, • prior Railroad preferred preferred A $5 preferred A - 5- 2V 5-15. 5- ..H5 20c 37y2e ; A (quar.)______^__ ^ - (quar.)___ (quar.).:. »Increase<d 6-15 2, 5- 2 .25?; preferred A (quar. Fairbanks-Morse & C9. (quar.)— Falstaff Brewing Corp., 4Vkft pfd. Common 5-13' ' 25c * Co; r.' > j $1.25 • ' .6, $125 9. 12- 1. Farmers k Traders I4fe Insurance Co. (Syra¬ cuse, N. Y.), common (quar.) Common (quar.) !___ : §0C $2.50 $2,50 1, 5-30 ■h 19- . I 6- 1 5Qc $0,1856.74 .' '•"7- 1 quar.)_^_ 5- 2 M5. $1.25 fquar.) '/ ' $1.25 '■ __ $5 6-30 5- 5-20 J '70c' <quar.l/_/___J 5-14. : 6-15 6-8 15C B (quar.) preferred tqupr.) $1.50 5-)* 68c J 30c ___ preferred 5-5 . 5-18 iOe Class $2Qc $7ft« 6-25 $5c Ferfies 4-22. 5-16' 1 20£ com. -'21?' . 18-J* . 1 25c Empire^A Bay-State -Telegraphs €0.— 4ft ^gukranteed (quar.) Empire District Electric;.. 5ft pfd. (quar.) Employees Credit; class A- (quar.) . I 5-25 ' Emersdifri>rug.' 8ft .7.-' 1 6-10 1 8- 1 7-15 5-23 ; 21e Rubber? (quar.) -L'__-_^._. Elgin National' WAtCh Co Ely & Walker Dry Groods Co., 'com. (quar.) 7ft 1st preferred (s-a) _i_ ill 6ft 2nd preferred (s-a) 9- 12-1. .5-25 t$J.50v .___ 5-10. 5pc J of America_L____L;__ Hose-A $5 Corp., Corp. If- 5QC (monthly)____ $-16. . $1.50 - * Co.__r_ 36c (quar.)—: common Ltd.: (extra) .6- 1, 8-1 $1.25 _ > 12-15 $1.50 ____ Trust, 6-15 9-15 / $1.50 (monthly) Elastic Stop Nut Electric Boat 80c (quar.)— Co.;. Investment Edgewater Steel Co.; Ltd.— " Sugqr Associates, $5 pfd. (accum.) Manufacturing 5-10 15c • Eaton 6- 1 20c _„ Co.— $1.50 6-1 1 5-20 $1.50 Electric 6-.L 4-30 6-10 Ry.— preferred A' (quar.)_ preferred A (quar.)_ preferred B (accum.)___^-c__zr_ preferred B (accum.)_i________^_____ 6ft Electric 1 Massachusetts 5-14 6%/preferred A (quar.)___ 6-15 6-30 ,12*31.. - $1 • 6ft 12-15 6- •<: (quar.) Iron • pfd. 45c Eastern $$0c preferred 9 25c Drug 7ft 6-17 4ft , rj Colorado Central Power Fuel Douglas 5rJ5 4^ 50c Colgate-Palmolive-Peet Co., cpmrnon (quar.) conv. 6-25 ' t$1.12Va 7- I 6-14 *; 11 ,__ (quar. ^ 5ft preierred $1 5-2 ■. (quar.) Colorado 8- 5-14 .. 20c _________ (quar.) Donnacona 5-10 • ' . (quar.) preferred Common -7-20 : Cockshutt Plow Co.— $3.50 (quar.) Dominion Tar. & 4-15 6-, 1 6" :. $0g (quar.) Common, preferred Eastern :t Hardware, 5- 6- 1 28c preferred 5-13 6-1 5-10 r-. $1.25 40e ((stock dividend) Products A 6 2-6-50 5-31 t30c 1 i : Class 1 62 7aC 8 . (quar.)_, special (quar.) : guaranteed (quar.)—;.— Clinton Industries! (monthly)— Cochrane-Dunlop 9- - 8 $1.25 7ft 1 5 6- 5-27 20c ;. Co 4ft 6- 7- 10-14 Cleveland &.Pittsburgh RRi— 35c 4-30 7-15 Clearing Machine Corp. (quar.) 25c Cleveland Electric Illuminating Co;, • common".^'* -v, $0#w $4.50 preferred (quar.) I—2——_„L $1.127» 7-12 4-30 4-aa 75c Electric Chemical Co. 1 9- r 5- 3-1-50 $30c — Clary Multiplier Corp. Stpck dividend ;— 1 5-16 5-16 City Auto Stamping Co.— I--.*, City Investing Co.,:common (quar.)_: V 15c 572ft preferred (quar.)——„—_________l$$,.377a 8- 5-16 5- 25c preferred (quar.)—„ 5ft preferred ($uar.)— Aluminum 5ft ' 5-16 250 5ft Monthly 4-29 V e- ■ Inter-Terminal RR. Controller 7- : $177ac 1- $5c preferred (s-a) Cincinnati Milling Machine Co., common—— 4ft preferred (quar.) * Cincinnati, New Orleans & Texas Pacific Clark 2 50C (quar.) & 4-25 10c 5-13 7- ' Service.. • 6- 75c 6-10 85c 4% 50c 50c _ 5- 6- 40c (quar.). (quar.) ; Common (quar.) Chile Copper Co._;— Club 50c __ 5-16 17c pfd. (quar.) 4-25' 5-20 15C 6-18 (quar.)_ 5-27 ■ 6-15 < 25c Class 5-16 6-30 Cotton Oil Common . Co. 5-31 Ltd. Mines, 5-16 $1 . — Common Clorox $5C 4ft preferred (quar.)__ of I' 30c common. (quar.) Corp. 6- 5-10' 1 75c " 1 2- $1.25 7- - 37 7a c ______ - Century Ribbon Mills, Inc. (quar.)— Chambersburg Engineering (quar.) Champion Paper & Fibre Co., common—:— $4.50 5- 1 5-10' 6-20 35c 6 5-16 1* 5- 5-16 40c » . I) 6 5- i 3.40% Corp. Public 5- 1 $1.12 7a Electric York Power, Central 5-14 ' $25c . Louisiana Central New 1 6- 20c 5- * 5-14 6- (irreg.) Illinois Public Service Co., (quar.) Central 5-31 5-16 ' 5-16 $1.75 5 17 %c Co., com • $1 25c 5 5-31 -27ftc Power preferred $1.20 (quar.)>. Bessemer- Limestone & Cement Co.— Common (irreg.) Bteel Corp., preferred :(quar.) Central 7-15 $3 6-10 4-30 5-31 • 75c (quar.) & preferred (quar.) Central Foundry Co., common 57c preferred (quar.) 1 , A (Sons, Ltd. Best k Company (quar.) Arizona Light $1.10 7-30 ' . 1 6- $1.0674 (sra)___ pref. Caterpillar Tractor Co. Central —— $377aC 1 . 35c (Kansas) Electric Match 6-11* $38c ___ 8%c 6-10' 7- ' participating pieferred (s-a) participating • preferred (s-a)__ 6ft 6-11 1 5-10 1 75c i-. 5-13 77- $75c —— 9-15' 5-30 7- . . ■„ 1 2' COi of N. Y. 11-15 40c s-a) (s-a) 6-15 10- $1.75 mpm Common 1 '50c , — ' preferred & 1 50c ' 7ft Co. 1 25c & Company (quar.) Products, Ltd.— 5- 7- $1.12% (accunrr)_i_ - Oil 1 — 5-6 5-14 $1.12 7a A Gas 6- M.) Food Class Derby 9- $1.75 (quar.) 5-16 - . preferred Derby 5-12 9-16" '6-16' 1 " 6- : I.) Co., common preferred (quar.) Castle : - 37 %C : (J. 7 7c 4-30 7' 6-17 1 $17%C Dentists' Supply 37%C (quar.)_ (quar.) Carrier 5-16 v $37c pfd. (quar.) 7- 87 72 C <quar.)_ t pfd. 4-15' 1.6-14' 9-30 25C !'*'■ 37 %c (quar.) Capwell, Sullivan & Furth 6% 6ft 6-15 . , 7' $1.25 -10c ' 4-12* -5- ' 4-29 - 7-15 . 30c j Co.— 5-16 $10c v (s-a) preferred conv. 6-30 4-30 $20c Canadian preferred $2 , $1.75 B Shares, Ltd.— 67c 6-2 25c Class 6-15 (quar.) $1.50 5-16 ' i' 6-20 -5-24* 5-20 4$2 (quar.)___— preferred 1 - . preferred (quar.)— Mfg. 'Co. >(Mo.) Co.. $7 25c $60c , , $1.75 pfd. V 7-1 ■ •• ;-6- 6-10 6-15 - ; 6-30 7-15 A Capital Wire Cloth Mfg. 6- $377aC 5: $$1.75 Cos., Ltd. (quar.) Canadian Utilities, Ltd., 5 7c pfd. Capital Estates 4-30' 6-15 50c (quar.): . '♦ \ $1.50 Co., Inc._ Co., Ltd. (quar.)__ Co., Ltd._______— 8ft 4-29- ,• 1 (quar.) 5 6- $17%C (quar.) Oil Western 5-11' 4-29- 5-16 ;.,... . Common Canadian 5-27 7 15c 6- 9< 9^ 5-14 Co., Ltd.— Ltd.,. common 6- 93%c Coal Pass Curtis Publishing 5-13 v 6-9 $20c (quar.____ Co., Inc., $2 pfd. Corp; S(s-a) Press,- Inc.', 372% • Curtis 1- C. 1 6- 6-24 5-16 <'; : ,, ______—_— Curlee Clothing ' 4Vb7o preferred (quar.) 7- 6 2. 6-24 6r24 '- 75c $1 (quaf.) preferred (quar.) preferred (quar-) Atlantic Sugar, 57o Cuneo < 11- 2-2-50 5-13. .5-16 25c • 3% 7c preferred & Forster, 7% 5-31:. 5-23 1 $12c Ltd.— preferred Cuban American Sugar Co., * 4-30. 6- 7-1 . Nest Crum 6- : 1 6- . 50c x.' Knowles. -Loom Works— Cork, & Cork Crown 5-20 6.-15 . 6- (increased) Cork & Crown ,.5-26 .. 6-20 6-15' 5-13' 50ft , (quar.)______ Mills, preferred Crown 4-30 6-10 . Common 4-30 5-16 ,;v 6-15' I 1 $15c (initial)__i_. , Company, Crompton & ^O 5-16 common Crane 4-30 5-14 1 76- . dividend Cosmos Imperial ./New 5-10. . 5-14 . ■7- 5. 75c (quar.) preferred 5-25* $12c 8-15 6-1 , Stock V $3: prior 5-20) 25c,' C010, Inc.; (quar.)L___;__:_____!— Corporate Investors, Ltd.;- class A 5-14 ... 5-25 Y$25c (quar.) Insurance " : . 1 6-15 $1.13 ... (quar.) common .w-" Alcohol Industries, preferred (quar.)____ 5- 6- 93%C , 472%l -pfd. Varnish, Ltd.,-class A (quar.)_____ Coopei'rBessemer Corp.—.; New common (initial quar.)___*. , $50c Canadian (quar. Co.; 5-20 $1 25c (quar.)_____ Cooksville' Co., 7- 7 10- 7 75c common common prior preference $3 s! Co.; Gin Paint-& America, (quar.) preferred Continental 6 10-7 •; $25c Ltd., (quar.) Co., of Continental' Can ,5- 6 .. 1 Corp. preferred 4ft ,5-6 6 7-30 $25c , Fairbanks-Morse Container < 1 $-16 ..$25C <-. Canadian 6-10 6-10^ ' _________________ 9t 1 1 Ltd.— Common 5- 7- 9-15 $20c < 2i 5-20 50c 4-29 7- Culver . 5-16 5- $1.13 .6-15 , $50c a; 1 1 5-31 $1.1272 6- I (quar.)___ ( $1.12 7a _i__ 66- (quar.) Ltd.—- Co., $50c $37720. (quar.)_ common 6-15) (quar;) . Common Chilton _ —___, Class B (quar.) Common , 47c 10- 40c (quar.)— Ltd. (quar.)__ Beiding IJeininway Co. 1 $1.25 common Diesel Engine preferred 6-30 6-30 4-29 Beaver Lpmber Co., elass A (quar.) $1.48 preferred (quar.) £ Beck (A. 8.) (Shoe (Dorp., 4%% pfd_ (quar.)_ Beidtog Corticelli, Ltd., common 7# 1 $2.50 RR., Beacon Mfg. Co., 6% preferred Beaunit Mills, Inc.— Bethelehem 6- 1 1 _________ , 6- 6- Baltimore Porcelain Steel 7% preferred (quae) 7% preferred (quar.). 7ft preferred (quar ) Barber (W. H.) Company (quar.)—— Batavia Body Co. (s-a) Bathurst power & Paper Co., Ltd.—Class A (quar.)— t 8 93 %c preferred Bertram (jqjm) 7- $$1.12 7a _ Automatic Canteen Co. of Avco Manufacturing Corp. ' 5-10 4-29 preferred (s-a) Bel) A Howell 1 $1.50 Line 7ft 1-21 6- ____ Coast Mines, 10-22 1 ___, Atlantic Extra 7-22 1 627aC (quar.) & Santa Fe Ry. Lines Co. (Conn.) : 1 1-31-50 $1.25 Coast « 8- 11- 5-21 6- __ 2nd preferred Aur.or Gold 1 6-14 $15C . A 6- 1 $1 1st preferred (quar.)__— Series 7- 75c (quar.) Co., common— preferred (quar.)____. Atlas Imperial 2 $$1 (quar.>___ Atchison Topeka ' 1 $15c 1 Atlantic 5% 5-10 6-14 $1.50 Corp. ' 5-25 1 6- $3 partic. preferred (quar.) ____■ Arnojd Hoffman & Co. (quar.)___ Associated Dry Goods, common (quar,)_ t 6 25C 3.75ft . 5- 1 5- ___ $3 Armstrong Cork 4% (quar.)— Dredge & Dock Power Co., 1 $12c (quar.) - Ltd., common 4% ft convertible preferred Arizona Edison Co., $5 preferred (quar.) : $5 preferred (quar.)—. < 6 7- $1.50 . Corp., Armco Steel 1 5-16 (s-a) Co., 7- 6-15 ' $1.50 (quar.) preferred 7 30c ,_ ! (quar.) Anheuser-Busch, Inc. Arcade Cotton Mills Common 7 5- $2.25 _ , 5- 75c 6% Arden 5-28 30c (s-a) preferred (quar.) Anglo-Canadian Telephone, class A (quar.) Anglo-Newfoundland Development Co., Ltd._ ■ 5 5-13 5-31 60c __, conv ' 75C Inc Co., J $4.50 preferred (s-a) Ampco Metal, 5- 5-28 , 75c common A Consumers $50c 5-31 $0.61826 (quar.) Works Company, Foundry Lid., class A Co.; <Ltd.. (quar.) Glass 5-21- 6-J5 preferred 7-28 50c 3 preferred— $3 - American 5-20 1 5-16 25C American Tobacco Co. 6- 6- 25c American Service .Co., 4-29 & 53C 1 1, 7- : preferred 10-28<i $32720 > $50c ,__ Theatres, Consumers 4-15» 67- 25c 30C $4.52 ! 6-10 27^iC 337ac .. Consolidated 5-16 1 5-16 $1 Co 5-13• 6-15 - 25c t' Retail 5-14 ' 40c - ' 5rl6' $rl6 fir. 1 :' / ^ . $$l pfd. (quar.)__ Sanitary $1.75 Co. 6-10 Common Class . 4 Standard (quar.)—__ - Ltd. (quar, Co. <0f N. 6-10 1;,-. $4.50 7-28 62'Ac 4.47c Co' Paper .6- 5-20 10-28 15c <62%c (guar.) Co., (quar.)___________ Canadian 1 (quar.)_ Re-Insurance Car 1 6-15 common preferred (quar,)_ com. $1.50 1 5-16 $ $5c ,. 6-10 6-15 6- Stores, common (quar.) 474 % preferred (quar.) Consolidated Textile Mills, Ltd.—New $1 preferred (initial) (s-a) 5-16 6- $$3.50 50q , (guar.) Breweries, 1 X, $1 $1.25 (quar.)__ 6- 6-1 $30c $30c Wyant & Canadian 4 377aC (quar.) ], L Cement Canadian 5-21 25c pfd. _" Service, Canada 5-31 5-19 $1.12% Lines, 5% Co., Liquidating Safeway Ltd., 472 7c 5-13* 1 6- 2 8 6-1 $1. Cannon Foundry Co Co., Ltd., 6747c pfd. (quar.) Canada Malting Co., Ltd.—————— Canada North West Land Co., Ltd.— 6 6-10 8 1 6-15 ; $$1.50 (quar.)-,. Laundries /(quar.) —i_. Natural Gas (s-a)____ Consolidated 2; 4-30 5-16. 1 567»c Edison Consolidated 5-9 5-15 6-- 1 75c ■ pfd. i 5-15. — (quar. Consolidated 4-21 8?^c (quar.) __________—; Power preferred Canada . Chemical, class A series A American President Water Campbell 3 .6-15 J1 (bi-monthly) & 6-10 20c American Metal Co., Ltd. 47a ft preferred (quar.) American Electric 1 (accum.) (Toronto) Consolidated 4-29 6. 877ac j .. Inc Co. 5.3ft 6-3 Home Products (monthly). American Machine & Foundry Co._——__— News v Mills Co." (quar.) Packing, common preferred (quar.) California 5 6-15 - Co. Cotton Coal 4-21 , .-, 25c 37'/2C — California 5-16 $1.25 American American Jackson California 5-15 $1.25 75c preferred Byron 5 7c Cable Co., common—__ preferred (quar.) 4-30; Consolidated 2 6-15 (quar.)___!.——$25c - preferred (s-a) California 1 5-31 American Furniture Co., Inc. (quar.) Amerian Hide & Leather, 6ft pfd. (quar.)_ '.$4 7ft ~ 6- 7 5- 6-10 , 6-1 < ; A A Common 4; 5-16 4QC Co., 20c 20c - : ,. 5- 1 6- 4-30 6- Class B (quar.)— $30c Class B (quar.)__: L ————J30c Burroughs Adding Machine Co. (quar.) 2Qc Butler Brothers, 472 7c preferred (quar.)—_ $I127s Butterfly Hosiery Co. Ltd., com. (quar.)„t25p 5^12 5-14 $50c — & Meter Co., Ltd.— pref. (participating)! pref. (participating) ——: Class 4-30 6-10 377aC _ (quar.) Co. Chain American 1 5-14 River.Power, 6ft 6-1 — Shares convertible & Class Corp.— Can American 6-15 - ,_____ (St. Business American ., 1 7-20 $1 preferred (initial quar.)_. American 5- 7- 30c quarterly American Bosch ; New 5% Co. Burns 9 5-14 _________ (irreg.) Ins. 9-15 75c —— Arch i 4-30 1 25c 377aC Alloy Cast Steel Co. (quar.) Alpha Portland Cement (quar.) Aluminium, Ltd. Aluminum Co. of Canada, Ltd.— 4% preferred (quar.) American Airlines, $3.50 preferred American 10- Connecticut 7- < $1.50 — (quar.)___—__ preferred (quar.) 4-29 1 5-16 $2.50 Co. (quar.)___ Laboratories, Inc. (quar.)_. common 6- 6- — trating (quar.) Burlington Mills Corp., common (quar.)_—_ 372 7c preferred (quar.)-I U—____— 3727c conv, 2nd preferred (quar.)——__ 47c preferred (quar.)—1— Co.— , Allied Stores Corp., i 6-25. (increased quar.)—___ Kid Allied 5-28 6-30 $15c Youngstown RR. (s-a) preferred 6-15 4 pfd. 1 $$12 Co. 2' . :u Power 1 5-16 .7- Special 2 7- 25c Company, $6 preferred (accum.)___ Buckeye Pipe Line Co '_—/__________ Bullock Fund, Ltd.——'_iv Bunker Hill & Sullivan Mining & Concert- . 25c (quar.)—_______ Agnew Surpass Shoe Stores, Ltd., 5- 6-15 $1.25 preferred 5-14 6-30 $4c . Association 5- 5- Ltd.— $1.50 Quarterly i 5-20 10d Brown 25c ___________ (J. D.) Mfg. Co. (quar.) ______ Aetna-Standard Engineering Co, common..,. 5% 6- $50c preferred (s-a)— H.), 7ft 4-20 (Del.)^— 40c Life Connecticut 5-20 lOd — Acme Glove Works Ltd., $1 Co. .(N. 6- 1 .) British-American Ordinary 6-10 .. $1.25 5-J3 6- $30c , 5-12 6-25 Corp Consolidated $60c ________ Mills Confederation /, Vancouver, Ltd.i_—_ — 6-10 25c Co.— 5-14 $$1.50 Lt(L 5-16 50c (quar.) 5-14 $12%c _1_; ________—_—_ $1.0674 Stamping— 5-16 6-20 75c (quar.) Traction, Light & Power Co., Semi-annual . Cone 4-29 5-25 $3 68 %c * & Telephone preferred Concord Gas 5-11 5-25 50c (quar.) —: $5 5- 9 . 1 I6c , com-, 6- Commonwealth 5-18 5-13 6-1 5-14 , 1 60c Shearing Holder a Payable of Rec. 18%c (quar.)__ Commonwealth & Southern Corp. $6 preferred ;(acoum.) 1 5- 25c - —— 5- 5-15 15c ; (quar.)— Jnc., $2.75 Brazilian 4-27 1 & Bower 5-10 5-16 (quar.)—, Bowes Payable of Reo. 5-16 Tobacco 5-15 75c Co. Commonwealth International Corp., Quarterly L___ 5-20 6-1 Carbon Commercial 5-20 25c ' ___. (Sidney) preferred (s-a) 5-20 1 6- $1.35 _ Holdere 25c — —— Co. 5-13 6-1 Columbian 5-13 1 (quar.) 6-25 Bros. Blumenthal 1 6- 30c / common (quar.) 6- $1.05 —— (quar.)— (Phila.), preferred 2 60c . (quar.)„„ com. Bloch 20c (quay.)- Corp. — Light, Borden Company (interim quar.) Boston Fund (quar.) /__ give the dividends announced in previous weeks and not yet paid. The list does not include.divi¬ dends announced this week, these being given in the preceding table. Name of Company & 5- 5-16 $1.50 5-18 5-16 5-16 $3 we When (quar.)___/' common (quar.) preferred Bourjois, Per Carpet, (quar.) Power Blauner's (initial)—_U—$5c 5- 2 5-28 67c Below Ltd. preferred 5.40ft 5- 2 5-14 5-14 6-15 6-1 6-30 6-30 7-11 62V2C 5% preferred (s-a)_— Winnipeg Electric Co., common (increased) <5% non-cum. preferred (s>-a)_—Wool Combing Corp of Canada, Ltd.-—- 1 6- 1 5-15 6-10 7- 1 6- 1 5-16 6- 75c Supply Co. (quar.) Utilities, 6% preferred (quar.) When Share Columbia Gas System, Inc. (increased quar.) Columbia Pictures Corp., $4.25 pfd. (quar.) • Wesern Monday, May 9, 1949 H older t 5-13, 8.-15, 11-15, , 5-10, 6-10, 5-13, 6-15 9-15 Volume 169 Number 4801 THE Per Nome o/ Company , Federal Fire Ferro Canada of Enamel 40c 6-10 5-31 25c 6-15 o- (quar.)_ —— (quar.) 25c t . Fireipen's Philadelphia Insurance Co. Semi-annual Firestone Tire N. J.) Hormel 6% preferred 0- 3 4-18. Horn 4-18 Howard Co.— «-4'/a % preferred Quarterly (quar.) Gonnell Dredge & J i $1.12% Dock 6- 25c . 6- Canada, Ltd, class <• Class 7- 1 5-20 1 8-20 12- $1.50 Extra Fort; Pitt. Bridge Works Foster & Kljeisef Co. (quar.) Foster-Wheeler 8% prior preferreu prior Fowoes Bros, & Co. Fruehauf, Trailer (quar.) Co.; 6% 4% preferred preferred 6% i preferred (quar.) (This 7% $ig$r 1 5- 2 7- all 6-1 Inland A Outdoor Stock 2 6-10 5-20 9-10 8-19 12-20 12-1 -5-16 o-^o 5-16 5' 25c 6-20 6 ' ' v '••• Intertype .'5"18 Investors 1 5-13 5- 5-10,, 6-10 50c 5.-16 4-25. - 2 84%c 6- 5-10u 1 Jewel 25c 5-16 — 37-%c - Johnson 5-2* 6-30 Jones * <>■ • J50c (s-a) 6-29 7-15 6-29 certificates Globe 6-20 6- 5-31 . Corporation' 37%c . Goodall 1 5% Rubber Co, (quar.)— preferred 1 Goodall-Sariford, Inc., * 4%' preferred 5-14 5- Gorhain tH. ——_—1 Grand 5- 1 Co.,. Ltd;, Co. .Stock dividend 1 West 1 * Kresge Kroehler 6-15 6- 1 6- 1 5- 6 1 Co ■: , —— $1 35c — Smelting & (increased)— t$l 6- —:— common 25c 5-27 5- 5-27 5- 9 5% -v ; 1 ■' ■ 6% 75c Chemical .share* Administered Geiieral Bond 7c 5-31 5-13 12c 5-31 5-13 Lanston Extra . ; Inyesting. pompany Low f , , Priced • Equipment Railroad Stock 5-31 5-13,, Lehigh Portland Cement Co. 5-13 5-13 5-31 5-13 ——:—;z!X. 7c 5-31 5-13 8c ■ 5-31 5-13 9c 5-31 3c 5-31 5-13 7c 5-31 — shares— 8c — Lincoln 5-13 —-—-—- — shares 5-13 • , 5-13. 6-10 Little Miami $25c 9-1 Quarterly 3. $25c Hackensack. W'ater Co. (s-a85c Haioca Corporatiqn (quar.) 5- 2 8-1 —. Brothers Stores Inc. .(quar.)-,— Mines, Ltd._____ Hamilton, Cotton Co., Ltd—-. — Hamilton Watch Co., common , B Year-end and Groceterias, 6- It 5-1Q Loblaw Groceterias 5-24 Class 6-15 6-15 <v class B • stock. - ' 1 ^ 6-1.,* 5-16 6- Class 5-16 25c j . 1 50c Stock dividend payable in class A Harbison-Walker Refractories Co.— Common (quar.) 6- 6- 5-16. $1 4%> 5-16 1 6-30 5- f 1 6-13 -■ 6- ! 8% i 1 8% ( 8% 6% preferred Harrison (quar.) 50c Wholesale —————— 6-1 $1.50 (quar.J-———; Rartford Empire Co Rercules Powder Cp.;, 5% Hercules Steel Products ' : 7-20 7- 6 - 6-10 ,.6-1 5-14 "5-2 5-14 5- 17%c '• 35c —-! preferred Corp.— . (quar.)_ .. » ■ 6% conv..preferred B (quar.) Hershey Chocolate Corp., common (quar.)_ $4 convertible preference (quar.) Hilton Hqttls, common (quar.)— '.4% convertible preferred^ (quar.) I?ires (Charles E.) Company (quar.) $1.25 6-30 6- 1 5- —-- ' Half, (Henry) f$,l non-cum. i & Company,- class A (qqar.)„ 6- 1 5- > 5-23 5- 7- 2 2 5-31 5-16 5-12 4-29 6- 5-10 50c 6- 1 5-20 20c 6- 1 5-14 — — ■ 6- 1 4-18 5-25 6- 1 5- 6- 1 5-12 8- 1 7-23 11- 1 10-24 65c — 31V4C 5-14 5- *25c 6-15 5-14 $1 6-15 5-25 7 M & ■ Steel 1" & M. M 6- 5- 6 1 "5-4 5-31 5-10 6- 1 5-14 6- 1 6-10 5-24 9-10 8-23 $1.10 5-14 12-10 11-24 3-10-50 2-21 50c 6-10 5-24 9-10 8-23 12-10 11-24 ; 3-10-50 2-21 50c 50c 20c 6- 1 5- 6 6-1 5- 3 6- 1 5- 3 6- I 5- 3 $12 %c 6- 1 Co. & M. 5-3 5-31 5-21 6-30 6-20 $2 7- 1 6-21 $2 10- % 9-21 $2 1-2-50 12-23 30c 6-13 5-27 25% 1 4-10 ~ Ltd., — — 1 6- 1 6-13 5- 50c 5-14 4-22 12 %c 5-15 5- > 5-13 5-2 2 5 10c Consolidated (s-a) (quar.) Nfockinnon Structural Steel Cq.. Ltd.— 5% preferred (quar.) — 5-16 4-30 15c 5-16 4-30 $1.75 5-16 4-18 30c 5-16 5- 7- 6-15 $3 1 5 15C 6-15 6- VaC 6-1? 4-15 25c 5-15 $$1.25 6-15 1 5- 2t "8-31 5-15 6-15 5-15 6-15 5-14 7- 2 6-20 10- 2 9-20 37 %C . 25c 7- 2 250 10- 2 9-20 $15c 6-30 5-31 20c • 5-10 4-20 8-20 30c 5-15 5-15 4-22 37 %C • 5-15 4-22 7- 6-16 • 4-22 . 2 $50c Lines 6-15 5-15 12-15 11-15 6- 1 5- 50c Chemical Paper 6- 9 5-25 50c 6- 1 5-10 (quar.)—_ 2 $1.62% 6- 1 8-10 $1 6- i 5-10 $1.62 % 6- 1 5-10 75c 5- t75c 7- 2 5-27 t25c (quar.). 5-16 7- 2 5-27 t $ 1.7 5 7- 2 7- 2 2 5-27 " t$1.75 ,i 6-15 6- 35c 6-10 5-26 59 %c 6-30 6-15 common, (quar.) (quar.) — (s-a)_— common 5-27 37 %C (quar.) u. 50c 5-20 1 5- 1 20c 5-31 5-17 50C Mills 5-16 5- 2 OH, Mining & 40c 5-10 lc Line, Inc., new (initial) common — National Acme National Alfalfa Co 5-15 50c 5-20 5-10 6- 5-16 1 5-15 — 50c 6-1 5-16 6-28 6-16 $1.50 $1.50 ••* 9-28 9-15 12-28 12-15 — 12c 6-12 5-23 12c 8-23 12-12 11-23 50c (quar.) 9-12 12c 5-24 5-10 Dehydrating & Milling— preferred (quar.) National Aluminate Corp. Automotive National Biscuit Fibres, Co., preferred 62 %C (quar.) Inc. (quar.)—_ A ______ (quar.)— 1 5-16 30c 5-14 4-30 25c 6- 5-10 1 40c 7-15 6- 7 5-27 5- 6* $1.50 5-16 4-28 12 %c $1 National Dairy National Drug & Chemical Co. Products 6- $1.75 common (quar.) National Casket Co., common (reduced) National City Lines, Inc., common (quar.).„ •Common 6-15 $1.50 '5% preferred 5-31 6-15 35c 37 %C (quar.) * 60c 5-10 35c (s-a) preferred 7% 5-18 5-31 Development • National 6-10 lc Corp. 45c (quar.) 6-15 5-28 7- 1 6-18 6-10 5-20 Canada— of (quar.) $12%c preferred (quar.)_ — 6- 1 5-13 $15c 6- 1 5-13 2c convertible 8- 1 7-22 10-29 1Q-19 National Electric Welding Machine Co.— Quarterly Quarterly 2c National Gypsum Co., $4.50 preferred (quar.) National Hosiery Mills, Lt<J.„ class B Class A Class A (quar.). (quar.) Class A (quar.) $1.12% $30c $15c 6- 1 7- 1 7- 1 5-18 6- 3 6- 3 $15c 10- 1 9- 2 $ 15c 1-1-50 12- 2 $1.75 6-15 5-27 National Lead Co.— Class A preferred (quar.) National Linen Service Corp., com, Mallinson Fabrics (resumed) National Paper & Type, 5% preferred National 4%% Tea Co., 1 7- 1 6-15 7- 1 6-15 5-27 5-13 20c (s-a) $1.25 50c (quar.) common 7- $1.25 National 15c $1.12% (quar.)_ 4%% preferred (quar.) -5% preferred (quar.)___,__ 6-15 8-15 7-31 6- 5-17 1 preferred (quar.) 53 %c 5-15 5- 41/4% preferred 8-15 8- 5 preferred 47 %c 5-15 5- 5 3.8% preferred (quar.) (quar.) (quar.)__ 53V8c 3.8% 47 %c 8-15 8- 5 2 Vulcanized Fibre (quar.) Naumkeag Steam Cotton Co.______—,—.___ Neisner Brothers, Ino. (quar.)—_____— Co., common (quar.) preferred (quar.) Britain Gas Light (quar.) $2.40 New — Air Brake Nopco Chemical Co., 4% .J.¬ Co. 5-15 5- 6 5-15 5- 1 5-10 5- 2 75c 6-10 5-20 5-10 6- 1 lc 6- Co. 1 5-10 ser. A (quar.) (quar.) 5-16 50C 6- 1 5-16 50c (quar.) preferred 5-31 20c Co.— 4% pfd. Western Ry adjustment 5-18 5c r Manufacturing Co._______ Newport News Shipbuilding & Dry Dock York 5- 5-27 6-15 60c Newmarket New 5-16 50c 40c — Jersey Zinc Co. (quar.) New Park Mining (s-a) Special i__— 25c 5 20c 25c Neptune Meter New Norfolk & " 5-19 6-15 $50c —— class $4 6-14 1 50c common (quar.) .1 6% preferred (quar.) 6% preferred (quar.) Mutual Telephone Co. (Hawaii) 4.8% preferred A (quar.). t 4.8% preferred A (quar.) 4.8% preferred A (quar.) *; 6-14 1 $$1 National 6- 50c 88c _1—— Woodworking Co. 6- 80c — (quar.). _' \ $1 (Phila.) (s-a) Lynch Corporation Lynchburg & Abingdon Telegraph Co. (s-a)_ Lyon Metal Products, common (quar.)„— M. .J. 5-20 2 15c $1.10 RR.- Lumbermen's Insurance Co. 5-20 4-29 5-16 $1 5-20 '.."!• Extra 5-16 6-10 $1.10 (monthly) 1 ' 1 $12 %c 6- 25c 5-16' 1 1 6- $50o Diablo 6% 5-21 6- 7- 7- $1.37 % quar.)_ A convertible preference Mutual Chemical Co. of America— 5-21 6-14 4c Products $2 5-16 5-31 Ltd.— Lukens . S.) 1 50c i (s-a) (G. C.) Company (quar.) Muskegon Motor Specialties Co.— 6-10 6- 30c . i 4-25 1 5-16 7- 5c Murphy 5-25 25C (quar.)^ (stock dividend) Nashville 5-16 6-11 ' $2 -37%c Paper Mills, Munson 5-16 6- $1 (quar.)_______ 4-25 6- 1 6-15 125c & 6-15 1 50c (quar.) Extra 4-20 1 40c — Long-Bell Lumber Co. 7- 37 %c ' Mountain. Producers 9 6- t2c preferred (quar.)— preferred (quar.)— preferred (quar.)—_— Louisville • quar.)—— Co 3 50e (quarr.) 5-14 30c 25c ——- Corp. (trreg.) . - Efolyoke Street Ry. CoM pfd. (quar. )„_—_ Home Oil Co., Ltd._ : Honolulu Oil 3. 4-20 5-10 6-11 75c (quar.) (initial quar.) preferred (initial Co., Ltd Mount 3 25C Long-Bell' Lumber (Maryland)— ; Class A (accum.)l '.••• Corp. Corp. (quar.) Motor Wheel Corp, (quar.) 5-10 87 %C 5-14 . f .•' ' •' 7% 6-24 5-31 75C capital $1 - 8-19 5-14 15c convertible Mosinee 8 50c (quar.)_,— 37V2C , -! / 2 1 $1 2nd Motor 4-29 6- 5c _————-_i._—;— Co. 6 5-31 11-17 6- 60c (quar.) preferred Morrison-Knudsen, 6-15 5-10 $2 5c Co. 6• 8-31 (s-a) 4% % 5-10 6-14 50C (quar.) Lone Star Steel 1 11-30 350 —-- Moore-McCormack 12-21 35c (Missouri) (irreg.) Co. (quar.) Lowenstein (M.) Sons (quar.)_ Lucky Stores, Inc. (quar.) 1 7% / . J25c ____——-i— Lone Star Gas ;_5-ll. 5- 1 common Corp., Ltd., common preferred (quar.) preferred A (quar.) preferred B:(quar.) 4% 5-10 12-28 . ' 5- 5-31 convertible Moore 6-22 $1 B Extra 5-25 : 9-21 25c (quar.) Co., 6-15 — preferred series B (quar.) preferred series A (s-a)_ Moody's Investors Service, Inc..— $3. participating preferred (quar.)—. 5-24 6-28 $12c Common (monthly) ; l**t 9-27 35c —— n(quar.) (quar.) (quar.) 6-30 : common conv. $4 r. Inc. 6-15 t5c 1st preferred $3.25 4-30 t$i.75 — Lock Joint Pipe Co., common % 6-10 6-10 • A Extra 5-24 25c — class A on Loblaw 50c —4 — '* 5-14 5-10 $1 .(quar..)—i— Extra 5-16 1 1; 25c — wiii-, — • Class 1 6- 5-16 6-15 $1.12% Extra — Original capital Special' guaranteed Special guaranteed Special - guaranteed Special guaranteed 6- $22%c (qi'ar.) (quar.)- ,,4 5-16 6- 5-20 15c — original 1 37 %c Co., common $3.25 preferred series A (s-a) 5-10 $1.50 4— 25c convertible preferred (quar.)— Hancock Oil ,(Calif.)- class A Extra 11- I 1 Co., t7c — —, .4% ' 1 6- 75c ; - 12- RR. 6- 10c • Monsanto 6-10 5-25 $1.10 5-13 6-30 1 6-27 $1 5-31 4-30 2 5- 25c Containers, Ltd— Mohawk Carpet Mills, Inc 6-10 1 ^ 5c 5-20 4C Common 5-25 6-27 1 — $1.25 4-30 Co f(Robert), 5-10. 6-15 35c Co 5-13 6- 5-20 20c Lionel Original capital Original capital Co., (J, 5-14 25c Insurance Link-Belt'Co.- (quar.) 5-13 . Hale Life 5-26 5-14 $1.62 Vat Modern 1 30c National 5-31 $25c 1 6- (quar.) Corporation (quar.)_ Liquid Carbonic Corp., comrao 3y2% preferred (quar.) - 5-25 6- 7- Quarterly Lindsay Light & Chemical Ltd. i 6-15 60c i 5-31 . —— 6- — —: 7c . 6-15 $1 Corp 5-31 8c .. HaUnor Realty Oil Mitchell 5-13 :__ ! Lees (Jamesh& Sons (quar.) 6-15 (.quar.) Mitchell 6-10 6- $1.12% Leitch Gold Mines, Ltd. (quar.)_ Libby, McNeil & Libby (s-a) Libbey-Owens-Ford Glass Co. (quar.). Life Savers Corp 4— Liggett & Myers Tobacco (quar.) 5-31 5-31 ——V-——i Gulf* Mobile tSi Ohio RR., $.5 preferred Gypsum Lime & Alabastine of Canada, ." Lefcourt 9c shares Quarterly Quarterly 5-13 8c shares4— • 5-13, 10c ? Steel shares Tobacco Utilities 5-13 5-31 10c . — Railroad 5-31 , 25c $1.75 _____ Products, $1.50 . 6-10 6-30 $1.12% (quar.) 5-31 4-29 6-15 1 5-15 (quar.). , Machine Gc shares^ Railroad Bqnd shares Monotype 9c shares__ Merchandising shares Mining-shares Petroleum, shares . 10c ; :—— 1 6-30 $40c 5-13 5-15 7r 15c (quar.) $5.50 Milling Co., Ltd.— 5-13 8 37 %C preferred (quar.) $1 prior preferred (quar.) Mining Corp of Canada, Ltd. (initial) Minneapolis Gas Co ! Minneapolis-Moline Co., com. (initial quar.) 5-13 10c 5-31 5- prior Morris . 5-31 shares— 1 $1.12% 7c 6- $1.12% (initial preferred $1 5-30 6- 8c (quar.) (quar.) (quar.)— 10c shares 6-10 5c (quar.) —i——_— preferred (quar.) 4-15, 6 6 ' 6 50c (quar.)— Industries, common Woods 2 5- $1.12% Abrasive ; Common 3 5- 10c — common 5-13 Industrial Machinery, shares— Institutional Bond shares^-—————— 6- 50c 5-13 ——— 1 25c _ (quar.)_ 5-31 : 7- 20c __ Apparel the 5- 6- , 5-16 $1.18% _; 5-31 shares——.—__• 6 25c preferred (quar.)_ Laclede Christy Co. (quar.i—______ •' —{——.——- Elecirical Equipment Food shares 5- $1.25 9c X 6 1 $1 —/ 9c — * 5- 7- 10c —.——— shares' 7-1 25c — (quar.) —- Building .shares 8% 5 95c conv. of 6- 6- 62 %c Miller & Hart, Ine. < Common (quar.). . 7% Lakey Foundry & Machine Co Lamaque Gold Mines, Ltd Lane Bryant, Inc; (quar.)—i Lanett Bieachery & Dye Works—,— Lang (John A.) & Sons, Ltd.-(quar.) Lansing Stamping Co ; Automobile^ shares: .Fully A * 6- (quar.) Extra * preferred France 4% Company 12- 50c (quar.) preferred non-cum Midwest 6-25 15c (quar.) & preferred L'Aiglon La ; S:) 6-15 50c (quar.) Petroleum preferred $2 6, 5c _— Lake 2 6- 5- $1.25 (quar.) series— 3 6- (s-a)______. common 8% 7-18 1 5-17' 65c — (quar.)— (quar.)— Surety Mid-West 5-25 1 6-20 8- 7- 1 5% ——— 4-29. 5- 6- : 20c -Common , • preferred H.) 1st ■ . Oil Company,' Kroger ' • 8-10 11-10 12- 1 20c (quar.)______ 9-20 1 1 New 7-19 9- ' 5-10 30c — — common 1 9- tSOVic (quar.) Service preferred Mid-Continent 5-16 1 60c 4-28 10- 1 1 93 3/4 c 5-13 t30c 86- $1.25 (quar.)__ —_— (quar.)/: 6-15 7- $50c (quar.) $2.40 7-19 6- 30c 5-16 ?5c —— Felt 4 Vi% 5-13 ...V\' '! 56»/4C 1 30c f . — Company (quar.)^__ Co., ' preferred A (quar.) preferred A - (quar.) 4 Vi % . 9 — Co. & 4-22 43 %c (quar.) Public Mickelberry's Food Mfg. 4%% —0 . 8- 25c . — (quar.):___ 6- 1 Midland Steel Products— ——— (S. ' — 1 4 (S. Kress 5-16 Gas Aviation 4-30 37%C A 5-21 43 %c : Inc. Messenger Preferred * -"Beneficial interest 5-16 Co., Ltd Light—• 6'\ non-cmn. preferred (quar.) Group Securities, Inc.— Agricultural shares r 5-21 5- 6-15 $1.06 y4 Co., common (quar.) Preferred Knickerbocker'Fund—. 5-16 5-16.,/ ——_— Great 6- 7- 5-15 43 %C Stores preferred Michigan Michigan 6-15 25c .(quar.) Cotton, prior 6-15 Grayson-Robinson Stores, Inc.— "$2:25 preferred (quaC.)— Great Lakes Dredge & Dock (quar.) Greenfield 6-15 I————— Extra $5 6-15 (quar.)^-, (quar.) u— Kingsburg 2 5-14 6- 9a Island— (quar.) dividend ' preferred 6- 1 W.) Union 5-11* 7-15 10c common Co., 3 40c Chapman & Scott—■ preferred A (quar.) Messenger Corp. Metz Brewing Co.; T Miami Bridge Co. (quar.) Mica Co. of Canada, Ltd Michaels, Stern & Co., Inc.— Preferred (quar.) 5-12 1 —— (Julius) $1 $1 Co.; (quar.) Consolidated Mining, Granby "'Power . 5- 1 6-20 $25c 6y2% • 5 6- .; preferred (quar.)——:— (quar.)—$1.25 common preferred Manufacturing Gossard Rhode Kingston Products Corp. (s-a) Kinney (G. R.) Company, common 2 , convertible 2 5-20 $2.50 5- 1 6- Refining Co." (quar.),_^—_____ Corp. Laughlin Steel Corp., com. (quar.) 43A% 5-2Q 6-10 (quar.)37J/?c (quar.) Goodyear'Tire & Rubber, $5 of Kentucky Utilities Co., 5-15 *15c . —" common 6- 1 6-10 5c _____ 6- 7-1 Merritt 5-31 15c (quar.)— (quar.)—— preferred Kayser 5-26 6- ——— Fx.tr a 4 6-15 Co., Ltd.:———— t2c Brewing Co. (quar.).—————l——10c 7% 5-20 6-10 IOC 8-16 ■ 5-30 6-10 5-10 (quar.)_ (s-a)_ Frank Mercantile 6-15 40c W. /, 4% ad' 5c -" . 1 5-16 4-29 : 7- Telephone, <fc 9-15 5- 5-31 $ 12%C preferred Mercury 25c common Kawneer Company ; Corp. (quar.) 10c Co., preferred (s-a)—25c A.) „ 4-18. : 5-13 Oil, Goebel ' ' 13c (resumed) Gerlliy-Michigan Girdier 5-15 ; 4-30 $75c Battery Co. Kalamazoo Vegetable Parchment Co. Kansas City Power & Light— 3.80% preferred (qqar.)"„_— 4-14 1 —. Utilities 4-30. 5-31 $1.50 Oil Stock K. 6-29 7-15 5-16 . - • 7-15 5-31 9 $1.25 _ - 6-10* 5Vo J50c 5- 5% 5-13 1 5-16 Ltd.. (quar.) preferred (quar.) 2nd preferred (quar.) Meier 5-20 1 10- $1.25 preferred (quar.) $2 5-14 $1.75 (quar.)_: Estate Jones: & 5- 2. ,.y 1 1 $1 — preferred 5-20; 5-16 40c :_ 66- 20C — Corp. preferred an c 6-11 $1.50 ——— Co. Tea Cq., .3%% •. 5-17 27'/2C Iowa Southern Utilities (Del.)_____— Iron Fireman Mfg. Co. (quar.) . 5-5 - 1 25c Co.—_____—_— — 5-14 - 4-29 6- 25c Quarterly Quarterly 4 Jantfcen Knitting Mills, 5%" pfd. 12%c (quar.) „ 6-23 ' 6-10 6- $$3 35c 4 % % 3* $1 Group,: Participating; , 5-16 Advertising— 5- 50c Fund, Inc.Mquar.)— Participating ':K 5-25 — 5-20 1 5-13 5-12 $50c Mclntyre Porcupine Mines, Ltd. (quar.) Mead Corporation, common Meadville —:1 Trust 8-25 —— Corp. Stock 25c (quar.)_. common 4-11 30c Foundation, Ltd.— convertible preferred (quar.) ,6% '$1 • 5- 4 5-26 25c ■ (L. M.) Co., Ltd., preferred (s-a)_McClatchy Newspapers 7% pfd. (quar.) 7% preferred (quar.) 6-30 4 6- 35c Co. 6% McBrine 4-25 7% — : Utilities 5- 25c Maxwell, Ltd. Investment .— ~st— C 1 15C preferred ,accum.)__ Investors ' • 8- 5-20 20c , Co. 5-11 5- 9 25c Massachusetts Bonding & Insurance 2 45c Shirt Sugar, Massey-Harris, Shares— International' 6 $$2.50 (S. $25c _______ (quar.) (increased) International Silver (s-a)—:—- (s-a) -S. Public Gerrard 6-20 (filial) Water Bond -8 6- 7%c • — preferred American 5- 6-30 (quar.) Group (increased) Exchange Building (Chicago) 6-15 $1.75 —•— — ■ ., 5 % 2 Corp. .(quar.)20c General Steel Wares Co., Ltd., com. (quar.) f20c General Tin'Investments, Ltd.— „» ' • • 5-16 $1.25 5-16 1 " 5- 25c preferred — Gentry, Inc. 5-16 56 Vic — Quarterly —:— International Cigar Machinery.— International Harvester Co., 7% pfd. (quar.) International Railways of Central America— 5-20 6-10 5-15 ■> —— Corp., Ltd. - 5-16 5-31 7% ' common Co.. and Aviation 5-14 * ___——— B 5-31 Corp.— (s-a) 5-13 5-16 (quar.) 5% preferred (quar.)— Mar-Tex Realization International Business Machines Corp.— 6-1 75c General Paint Corp. (quar.)_ General Portland Ccjment -■General Products,'Mfg. 5% 5-31 12 %o (quar.), 5-18 5- 1 7 * t, class (quar.) Manitoba 5-11 25c Insurance $1.12% preferred , Steel 5- 6-10 12 '/a C —- — 5-18 6- preferred-. . arrears) Common -(increased) 6.% preferred (quar.)__— General 1 (quar.) preferred 5-25 25c (quar.) preferred (accum.) Maple Leaf Milling Co., Ltd. Marathon Corporation, common (quar.) 9 9-20 registered Institutional 30c General Industries Co. (quar. 1 General Mills, Ine,»'33/a% ... 6- $1 Company Holdert Payable of Roe. $1.25 (quar.), (quar.) preferred non-cum. 49 20c Square Garden Corp. (quar.) Mallory (P. R.) Sc Co., Inc. (quar.) 12-20 Co., Gas & $5 5-'7 9-30 Ingersoll-Rand Co. 6-18 25c . (increased quar.) A Power Indiana J. 1 5-16 —— (quar.).,— Corp.-s- preferred Class 5- 1 12-30 preferred -Ordinary 5' * 5-16 10c common Corp., , 8" 6 30c (quar.) Co., convertible General Foods » 1 25c Illinois Terminal RR. Co. (quar.)—1 Illinois Zinc Co. (quar.) __1 —1 Imperial Chemical Industries, Lid.— 6 5- _ >4% General 5- 30c 4%% clears Corporation preferred 6% 5% t$l — Industries, Common 1 6- $1.25 Idaho 5c (quar.)_—_i— , General Finance • 66- 25c $1.25 6 $1 — (quar.) payment General Manhattan $1.25 37'/2C quar b 5-27 50c • . Year-end ■ 5-12 ; Madison (quar.) preferred 5- 5-lb (quar.)— -i. preferred 5- 5-10 (quar.)— (quar.) Garrett ; 5% ,5% 1 5-27 37Vic — (Robert) Co,, common preferred (quar.) Gar-Wood 4-30 — (quar.)—-, 5-27 6- 6-1 ; .6% Gamewell Co. Macwhyte 5-15 —— Gair Co.,. Ltd., t 2 10"o* 5-20 ^ 4-30 1 common preferred Huttig Sash & Door, 5% 0-11. 10c common 4% preferred (quar.) Gabriel Steel Co, Gair 5- 1 quar.)—$1 . 6- 5-15 • preferred sbries A (quar.) Hussmann, Refrigerator, $2.25 pfd. Hydro-Electric Securities 37 ¥20 /— (increased 2 6-29 62 Vic — When Share Mackintosh-Hemphill Co. Macmillan Company, common — Refining Co. 5-20 12%c (quar.) (quar.) * Oil & 5-27 25c —— preferred Preeport Sulphur Co. 2 (increased quar.) :— ! Foods, Inc., 5% 2 Corp., 8% ; C- j25c -—-—-— 5- 5-15 *25c _1 V.) (N. 5'/c 11-20, 5-31 t25c —;J, 1 5-15 $2.50 t25c A—_ - B 6- $1.50 (quar.) Corp. (quar.) ~ (s-a) of Hunt 5-21 9- — Extra 1 $1.50 Power Preferred J. Extra 5-14, $1.50 • Corp., 4% pfd.-(quar.)_u_^-$1 i 4.90% preferred (qiiar.)___ $1.22% Florida Power & Light, 4%% pfd. (quar.)-* $1.12% Foote Mineral Co., new com (initial) 20c , 6-29 $I.I2'/2 common-, preferred Humble __________ Ford Motor Do. 1 Co. Fitzsimmons Stores, Ltd. 6 V 1st pfd. (quar.) 6% 1st preferred (quar.)______— t 6%: 1st preferred (quar.) Flo-rida Co. Per Name of Company , 3 (quar.) Stores Holdert 5- Hudson Motor Car li-i & (quar.) Co., Hardart & 5% r Fitz Simmons A.) When 5-27 (quar.) common (2033) Payable of Reo. 30c $1.06 y4 (quar.) preferred A (Geo. 5-14 25c Co.", preferred $4.50 conv. 1 — -— & Rubber $4.25 5-16v. $1.25 (s-a) (Newark, J 8-U 6-25 CHRONICLE Share Hooker Electrochemical 8-16 Corp of Name.of Company 1 —W Works FINANCIAL Per Payable 0/ Rec. (s-a) & Holdert 4 Corp. Screw Association Fire 4 Co. —'—I Federal-Mogul Federal Share > Insurance Semi-annual When COMMERCIAL 6- 1 5-13 6- 5- 2 1 5-20 75c 6-10 5-11 25c 5-10 4-13 $1 THE (2034) 50 Name of Company Normetal Mining American North share One Co. of Power North American Carolina Oil RK., 7% Ohio 6-20 5-31 Roos Brothers, 5-25 5-10 Ross Industries $3.50 8- 7-20 1 10- 1 9-15 7- 2 5-26. t$1.75 - 6- 1 5- 25c ..._ ; ______ 25c . 35c Oklahoma: Natural Gas, new com. — 59%c 4 — Saco-Lowell (quar.j_______,i__,.-__,_. —— 1 __i 5-2 5-14 4-15 4-15 4-lfr 5-14 4-30 20c 5-14 4-30 Scotten 7- 6-15 Scovill preferred .; — . 6- 5-25 Owens-Illinois Glass Co 75c Pacific Finance Corp. 40c Pacific Gamble Robinson Pacific Gas & California (quar.) preferred Mills Peerless Co., common— prior preferred Corp Cement Peninsular Grinding Peninsular Telephone, (quar.) Common Common $1 cum. $1 cum. preferred $1 cum. $1 cum. preferred preferred & Philadelphia preferred $1: 5 5 33c : 2-15-50 2- 3 5-16 I $1.10 6- 92yac 6- pfd. 1 5- 1 5- 5 6-15 $1 6- 1 6- 1 common (quar.) 5-20 40c 6-10 5-13 5-20 5-10 30c — (quar.) 6-30 6- 1 Soundview 1 South Pulp 6-30 6- 1 5-ii* South 1 5-11 Southam Co., Southern Co., 75c " ' (quar.) Corp. Public dividend $1.40 3 Vi % Public 3.35% Public Co. ' (quar.) Red Owl $1.60 Class preferred 6% $1 common (R. 5-25 4-14 334% 25c 6-15 6- 5-13 4-29 5-12 4-14 9 6-15 5-24 Stanley Brock, 5-16 5- 7- 5-31 1 1 2 5-16 A - Class State B 7- 1 6-15 Stowell 1 6-15 Struthers t27c 10- 1 9-15 New 10- 1 9-15 $1.25 $1.25 preferred 1 7-15 1 6-10 Inc . f 25c 6- 1 5-10 Co.— 5-16 (quar interim i Rice-Stix Dry Goods Co.— preferred (quar,) 1st preferred (quar.) 2nd preferred (quar,) 4-25 , 5-26 $1.12 ya 6- 1 5-10 $1.75 7- 1 6-15 Oil 11- 5 18c 5-16 5- 2 25c 6-15 (quar.)— i25c (quar.) Quarterly Quarterly 25c __ . (quar.) Mfg. Co—: 6- 1 6-15 5-16 6- 1 Television Tennessee Products 421/2 c 5-16 5- 2 Texas 6- 5-17 • 6 Fund, Pacific Extra — 1 6- 1 5-13 5-10 7-15 25C 5-20 5-10 6-15 5-13 7- 5 6- 6- 1 5-16 3' 6- 1 6- 1 5-14 6- 1 5-16* 5-14 5-10 4-25 1 5-10 i2yac 7-15 7- 1 10-15 10- 1 5-14 4-30 7- 6-16 7- 1 1 4-25 6-15 8-16 8-11 6- 5-16 1 5-21 5- 6- 1 5-13 5-27 2 6-13 6-13 5)-27 5-16 4-18 5-16 4-18 6-13 5-31 5-15 Weston, 6- 1 5-16 6- 1 5-16 4ya% redeemable preferred (quar.) White (S. S.) Dental Mfg. (quar.) 7- 2 4-26 5-14* 5-31 6- 1 6- 1 5-16 5-16 5% 4 Oil Common 5-16 5- 4 Wilson (J. 5-28 5- 9* Wilson & 6-15 6- 1 $12%C 40c 6- 1 5-14 ri-24 5- 6- 6 7c 5-16 5- 5 & Chemical Corp., corn- 15c 5-16 5- 2 & Oil 25c 6- 3 5-11 25c 6- 3 5-11 — , 4V2% $4.80 Wood common Ltd. Company, 1 2- I 7- 1 6-16 6-15 6- 1 5- 9 6- 1 5- 9 6- 1 5- 9 t$i.i2ya 6- 1 5-16 37yac 5-14 4-29 15c 5-14 5- 2 $1.25 6-15 6- I 10c 5-16 4-29 8-15 7-29 tlOc 5-16 5- 5-16 A ^_. Co.— (s-a) (quar.) —. (extra) J Power & preferred preferred 1 5-16 7- 1 6-13 5-16 4-25 15c 5-13 25c 5-28 27yac 6-1 5- 7-31 7-15 90c 6- 5-16 1 3 common— (stock dividend) 28c 5-14 4-30 $1.12 ya 6-15 5-31 $1.20 Light Co., (quar.) com. 6- $1.06y4 $1.50 (quar.) Steel 2 25c common (quar.) preferred (quar.) (Alan) 11- 95c preferred Wisconsin I 11-15 50c preferred 3.60% 8- 25c _ 4-20 1 2 8-15 87y2c (quar.) C.), 2 5- $1.25 (quar.)—, Winters & Crampton Corp. (quar.) Wisconsin Bankshares Corp. (s-a) Wisconsin Electric Power, common. 6% $50c (quar.)— $4.25 Co., 5- 5-16 10c convertible'preferred''series Wilcox 2 5-16 Ltd.— Whitehead Bros. Rubber Co.: __i Willcox & Gibbs Sevring Machinge 4-29 5- (Geo.), 5- 75c & 5-14 Ltd.— (quar.) Inc Coal 8- 6-10 $1.25 2-15-50 1 50c Teck-Hughes Gold Mines, Ltd— 1 1 5-20 5-12 $1.25 (quar.)__ 6- 27c 1 9- 6- 1 5-27T $1.25 common 5-14 35c — 1 Co., (quar.) 1 20c Inc. A 6- 5c / 50c preferred 12- Tablet RR. 4-11 5-25 15c pfd. (quar.) Carson (Canada), 9-15 6-15 6- $1.12 ya 2 25c 4.32% 12-15 5-14 50c )0c . (quar.t 25c loe 1 1 $1.75 (quar.) $iy2c (quar.) common Technicolor, 1 1 6- 6- Inc.— 37y2c — 4% & 9- 12- 12yac (quar.) 5- • ! Taggart Corporation 25c 25c 1 $1.12 y2 Oil, 6% preferred 4%-2nd preferred (quar.) Sylvanite Gold Mines, Ltd.— Symington-Gould Corp. Pearson 1 5-13 12-10 t$1.75 37 y2c (quar.)— Swan-Finch convertible 6- 9-20 2 9-10 50c (s-a) Stationery— 5% preferred (quar.) Westinghouse Air Brake Westinghouse Electric Corp., common 3% preferred A (quar.) 3.80% preferred B (quar.) (quar.) common preferred 6-15 6- 12-22 6-10 35c preferred A (quar.) preferred A (quar.) preferred A (quar.) 11-15 —__, Ray Drug Co., common 6% preferred (quar.) Inc. Pacific 3iy4c Taylor, 6-10 6-30 preferred 25c quar.) Sun & Fenn, 6-20 I $1.25 5% Western Taylor 1 $1.50 Western 5 Tampax, 1 t20c (quar.) 5-16 8- 6-15 710- 1-3-50 75c 4-30 8-15 0-15 V • Co., 1 3iy4c 9-15 4 6 $1.06y4 (s-a) Electric 1 5% 1 5- $1 6- 5 1 3 $1.12 ya com._ (quar.) Co., 6- 5- 1 6- 20C (quar.) $75c (s-a)__ 5-16 7- 5-14 20c 5% A 31 '/4 c 10- 1 Co.— preferred (quar.) Coal & Coke 5% 10- 30c 6-16 1 ' Inc., 1" 6- 6- 35C : Virginia Pulp & Paper— 4V2% preferred (quar.) 5 Gas 5-16 6-15 $1,13 $1 class preferred (s-a) Tampa Electric Co +20c 7- 56C (quar.) A 5-13 1 75C ; common Virginia (quar.) Propane class Snowdrift preferred (quar.) Company, 4%% West 1 6- 25C Penn 5- $1.75 common 4-29 Oil 5-16 (initial 5% Ltd., 4-29 5-13 Corp,— $1.75 (quar.) 5-14 25c 7% 6- West Co.,.Ltd., preferred Talon, 2nd preferred (quar.) Co. 4-25 - 1st Gas 5-16 50c (quar.) & Coal Co.'__ Wells Light Indies Sugar 6% , 5-10 t50c — Extra ' 5-25 12 >/2C $4 preferred West r 7- 5-10 20c (quar.) & 5-20 4-29 7-15 5-25 J40c (quar.) Corp. Wesson 7-11 West (quar.) Company, preferred Petroleum Co. Corp., (quar.) Inc. (quar.) Manufacturing 1 5-16 50c Corp.— preferred Wentworth 6-10 $1.50 25c 7-11 Textiles, common Suburban 8- 7- Sun Tobacco Ages Corp. Stores, Screw $1.25 15c 8- 15c preferred 7-15 25c $10c —— preferred . 1 Company Stonega Coke . 8- — 6-15 $1 Worts, Ltd.; Co. 12-15 $28c (accum.)— $15c (quar.) D.) & Wellington Fire Insurance Wellman Engineering Co 6 12-31 8 Corp.— 5- $1.25 6- 1 5-16 (quar.) 1 8- 5c 5-25 6-30 37yac Weeden & Company, 4% convertible preferred 5 9-15 7- 15c 5- 2 6-15 115c J15C — Waterous, Ltd., 80c class A (quar.) Wayne Knitting Mills (quar.) 6-15 $1.12% 4Vs% 1 6-30 8 & 5-18 4 9-30 6- Stern 6- 25c 12y2C $1.25 8-15 Bros. 6-24 $1.25 11-15 & 7-15 (quar.) 1 (A.) 93%c (quar.) 1 Stern 5-19 5-20 — — preferred preferred preferred Sterchi 6-10 5-14 (quar.) 1 Stein — 50c 5- 60c 1 25C Common 4-22 6-10 Supply Co Stecher-Traung Lithograph 5% (quar.) 6-10 25c Ltd., class A 7- Inc.— — 2% 5-20 $1.75 1 $1.25 (quar.)__ $4.25 preferred (quar.) Waterloo, Cedar Falls & Northern RR., 4-22 (quar.)—— Co. Fuel 5% 5-11 . c'ass B common— Co., 9- Fund, (quar.)— common (quar.) Spring 12- 6-15 Rockwell Tube 6-15 40c Rockland Standard 6-15 (quar.)_ Jersey (increased) for each 200 (S. $4.50 share (Ohio), preferred 5-19 1 45c of Co. Steel 1 6- Oil Standard 7- New Standard Railway Equipment Mfg. Standard Silica Corp. (quar.) 1 7- class Rock 6-10 Standard 25c Corp. 6-10 $1.50 5-27 $40c Manufacturing Co., common (quar.) 4»/2% preferred (quar.)— L Paper 50c Washington Gas $4.50 preferred 6-15 Common Riegel 5-10 _____ — *40c Robinson Little & Co., Class A preference 6-10 (quar.) held) $40c Rheem 7% $1 (Nortliam) convertible W'arren California (for (quar.) B Warren 2 5% (quar.)— J.) 5-10 5- $1.18% common Brass, 5-20 5-31 10c — — (quar.) preferred St 1 5-27 (Indiana) J5c Copper 6- 20c of Co. (quar.) Pictures 40c Standard $1.25 : preferred B (quar.) common 5 - $1.25 Pictures $3 Standard Oil Co. Oil Warner Brothers Warren 5-4 dividend Gooderham (H.) 5-16 1 4-29 6-10 Stock 6- 5- 75c (quar.) 4-29 5- 4 preferred 1 1 $1.75 j. , 40c — 5-16 6-10 $1.50 6-15 6- $1.25 Manufacturing Corp. (quar.)__ Amulet Mines, Ltd Walker & Company, common (increased) 1 1 45c 7% of Co. 1 6-10 62yac W'aite 6- 1 (quarterly Interim).— 7% Oil 6- 7- 62y2C Vogt 6- 6- Common 7% Standard 6-15 6% 1 6-15 6-15 62yac preferred (quar.) 5% preferred (quar.) Verney Corp. Viceroy Manufacturing Co., Ltd.__^ Virginia Coal & Iron Co Virginia Dare Stores, class AVirginian Railway Co.— (quar.)— Forgings Corp. 5-18 2 5-13 (quar.)___ 5% 1 5- 6-15 preferred $ 10c 7- 15c (quar.) (quar.) convertible Reynolds 6- 4-25 6- 5-16 1 i- Vanadium-Alloys Steel (quar.) Vapor Heating Corp., 5% pfd. (quar.)- Walker preferred Standard 6-15 prior $$1.25 6- preferred A (quar.) Revere 6-10 convertible $1.60 2 preferred Inc., Investors Republic 5-16 (quar.)_ (quar.) Extra 6% 5- 5-13 6-10 30c i- Chemical Co., Ltd., preferred (quar.) Standard Dredging Corp.— 4-29 6-15 87 y2c Standard - A Republic 5-16 50c Coventry Ltd., A (quar.)— Extra 1 preferred Rand, $4.50 preferred Class 61 1 7- Remington Renold 5-16 50c ' preferred non-cum. 6- 1 5-16 1 45c __. $25c (quar.)— A (quar.) Mills, Ltd. non-cum. $1.60 6-30 1 50c (quar.), 6- 7- $1.12 y2 (quar.) preferred (quar.) Standard Cap & Seal Corp.— $1.60 conv. pref. (quar.) 7-13 7-15 6- 10c 7- 5-31 . 5-31 40C 11-30* t2'/2C Co.— 6-13 50c . 8-31* 12-20 25c (quar.) 8-10 9-20 22yac common (quar.) 1 (Conn.) Co., preferred (quar.) Mines, Ltd. preferred 9- Co. Winding preferred 12- 5-31* 6-20 50c (quar.) convertible prior — 4-30 4-30 6-20 25C prior 5-10 5-15 5-15 $i.oey4 5% 1 5-18 6-15 1 Inc.— 5% 6- common ■ 5-27 6- $2 pfd Co.__ Co., 5% 8-15 1 6-10 7- 75c (quar.) 5 9-15 5-16 Pictures preferred Co. 7- 5 $1.25 5-16 Insurance Oil 4-20 (quar.) _ 1st non-cum. 5-16 preferred Water 8% 7-31 non-cum. Service, 5-10 5Gc 7-31 5% Public 1 10C (quar.) $30c 5-31 40c common $1.60 non-cum. 90c 6-30 Quarterly 7- • 30c ___x_ (quar.)___ 28c Sovereign 5-10' $1 Universal 5-13 $1.50 (quar.) preferred Knitting 4V\% 5-13 25c (quar.) Stores, 4%% Regent Universal 4-19 6-15 25c ,_ (quar.) preferred Universal 5-16 5-16 6-15 $1.25 — 5% 5-11 5-31 $1 20c (quar.)_ 7% 5-26 40c $1.25 Southwestern 1 22yac Special (quar.) 25c (quar.) (quar.) Hosiery Mills, preferred (quar.) 5-14 preferred 50c Silk Real 5-31 non-cum. 4-30 (s-a) Co. 50c (Texas) 5-10 7- 50c' »" (Phila.) Consolidated 7- Southwestern Life Insurance 4-27 6-1 $1.06 V* (quar.) common 28J/2C 5% (quar.) ; 1st non-cum Universal ——T" 5-31 35c Knitting 40c Rapid Electrotype (quar.) Rayonier, Inc. (quar.) 4% 1 5% 84c Mexico Light common 1- 6- Utica 35c ___ (irreg.) com. Quaker Oats Co., 6% preferred Quaker State Oil Refining Quebec Power Co. (quar.) Reading Co., 4-30 6- 5 87yac New common ■ 5-15 6-30 6-30 6- $3.50 (quar.) preferred 6 5-14 New Hampshire— Co., conv. 5-13 5-14 Co.— (quar.) Oil 5-13 1 6-30 Standard Brands, common Pure 1 6- 27c (quar.) 6 6-30 $1 Corp., common (increased) 7% preferred (quar.) U. S. Truck Lines, Inc. (Del.) (s-a) United Steel Corp., Ltd United Stores Corp., $6 conv. pfd. (quar.)__ United Wallpaper, Inc., 4% pfd. (quar.) Canada — 5- to ____. Steel Upper 5-13 Indiana, S. 5 1 & 6- J.), (s-a) Co., 5- (quar.) 6 5-17 62 yac (Subject Co. Rubber 5-31 (quar.)_— 5-24 5- 50c Potash S. 3oy2c (quar.) 5-24 5-17 $1.75 (N. Card 5 6- Gas S U. 1 5-14 Playing 5 preference 6-10 75C 7- preference 4-30 6-10 75c 6- convertible 4-15 5-31 25c 7-31 Southern Railway Co. held. ^ 6-30 convertible 5-31 5-16 65C (s-a)__ « 50c common (The) Extra U 5-20 5- 6-10 5-25 Foundry 50c Edison, $1.10 of 9-10 12-10 6-10 shares Society & (quar.) California Stamford Inc.1 Extra — 5-13 Power 9-20 S. i2yac Co (quar.) 4-22 Pullman, 5% Platinum & Works Ltd 1 (quar.) preferred Service Puget Sound Gold Bend Lathe 6-> of U. 1 75C (quar.) preference Co. 1 6-10 6-10 Co. : Pipe 75c 4.56% 11-10 5-17 $1.75 (quar.) Co. Loan S. 10c $1.06y4 of 6- 12-20 22 y2 c (quar.) Co. 6-15 V 25 preferred Special Quarterly Quarterly 6- 1 S. 2 6- 5-16 Lines 3iy4c — Southern Canada Power Co.* Ltd. Southern Natural Gas (quar.) Colorado— & 5- " Investors, Inc — Spencer, Kellogg & Sons, Inc. (quar.) Spiegel, Inc., $4.50 conv. preferred (quar.)_ of preferred Service (quar.) 5-14 - 4-15 2 6-20 25c 4.48% 5-17 10c t. Electric Public Service 5-17 1 S. Extra U. $1.05 —_— 5-24 >«6- 5-14 U. 25c ■ Co. Co. Service 1 1 1 5-16 87 y2c (quar.) Gamble preferred preferred 4.40% '25c 25c — Co.„ Service 6-> 6- 5-31 1 6- 25 c •____ Common 4y«% 1 +45c — Public 6- 1 75c common Machinery Corp.— participating preferred (quar.)_____ 4'/4% S7%c —- Corp. of Canada, Ltd. (increased) Pressed Metals of America, com. (resumed) & 7-1 50c 5% 1 6- 25c (quar.) preferred 4 y2 % 37yac (quar.) Power Procter 7- $2.50 Company, class B. _ 7-15 7-y2c pref. 6 5-18 5-17 approval) $25c Co. American each participating original preferred (quar.) 4.88% cum. preferred (quar.) 4.32% cum preferred (quar.) 5-12 $1.37% (quar.) Oil 5- 1 10c common-— Pittsburgh Steel, 5% pfd. A (accum.)—— 5Va% prior preferred (quar.)__ Common' 1 6- $1 _w £restone 6- 50c . 1 1 t37c (quar.) Improvement U. — —— Gas 7% Carpet Co.— —— 40c . , & Sons 3Vi% preferred (quar.) 4.20% preferred (quar.) Socony-Vacuum Oil Co., Inc. (quar.) Solar Aircraft, 90c conv. pfd. (quar.)— Sonotone Corp., common (quar.)— $1.25 convertible preferred A (quar.) 5-22 $1.75 (quar.)_ Common 1 6- 1 $2 (Alexander) Cos. Finishing Co., common (quar.) $4 convertible preferred (quar.)__ U. '6- 6- — Smith 5-16 1 6-' U S Hoffman 6-10 — , 4-14 66- 25C 50c S. v 6-15 —— 6- A t$ 1.75 — 6-10 2 G-15 $75c (quar.)—;■ Steel ——: _— 6- class (quar.) 7- Coal preferred for U. 1 8- 4-29 4-30 t25c (quar.)__ 1 _: SEC Canada, Ltd.— 1 25c $1.50 5-13 of 1 20c Portsmouth 4-29 1 6- 6- 9iy4c Poor & 4-14 5-16 6- 11- 5-10 < 5-25 6- 8-15 5-20 $1.25 $1.12 ya (quar.) (quar.) $1 common 6-15 11-15 America of Engineering & Foundry Co., 7% 6-15 33c 4-11 6-10 25c Electric United 6-15 33c 5-10 25c t30c 62'/2c Co. Power — 3 Co (quar.) Extra 9-15 5 62yac (quar.)— (quar.) & Co., B United 12-15 5- 4-3© 5-16 25c Biscuit Class 1 2- 4-30- 5-16 (quar.) United-Carr Fastener Corp. (quar.) United Corporations, Ltd., class A 10- 5-15 preferred A 5-16 (quar.) (quar.)—_——————— —' 400 50c 12 Vic 3114c 25c 25c 1-1-50 2-15-50 0-20 6-10 933/iC California Extra 5-30 33c 6-20 2 United Light & Railways Co. (stock div.)— One share of Madison Gas & Electric Co. - (quar.)_. preferred common. Plywood, Inc. 5-14 6-29 5 of 5-25 ■ $25c t25c 25c Class B (quar.) 25c Signal Royalties Co., class A (quar.) 25c Class B (quar.)— " 25c Simmons Company ;_——50c Simpsons, Ltd., 4Vi%. preferred (quar.)— t$1.12Vi Sinclair Oil Corp. (quar.) 50c Skelly Oil Co $2.50 Skilsaw Inc. 30c Sloss-Sheffield Steel & Iron (quar.) 50c Quarterly 50c Quarterly 50c 5 Co. 7- 25c 87y2c 6-15 A * J common Breweries, Ltd. (quar.) Mines, Ltd. (Quebec) Signal Oil & Gas, class A (quar.) 5 :—_______ Co., 1 6-30 5- (quar.) Petroleum 6- 7-29 8- OH United Sigma 11- $3.65 Pioneer 5-13/ 5-14 Sick's 25c Suburban Water 1 1 1 5-15 5-13: 1 10- 1 92y»c . (quar.) (quar.)___ United Aircraft Corp., 5% preferred United Air Lihcs, 4% % pfd. (quar.) 5-13 66- 6-15 8-15 7- . 1 $1.12 Mi preferred;(quar.) (quar.) $3,75 6- 11-15 — Union 4-29 4-26 25c , $3.50 22c Corp., (quar.) Water preferred (quar,) Phillips Petroleum Co. (quar.)—— Pillsbury Mills, Inc., common (quar.) $4 preferred Philadelphia 7-15c 1 25c (quar.) Electric Co., 1 6-14 25c 7 % preferred 7- ■I"; — (quar.) Gear, preferred $4.50 t United (quar.) (quar.) Sherwin-Williams Co. V. (quar.) Inc..— $3.70 5-27* 5-15 62yac ______ Machine 4^20 25c 621/2 c 8-10 11-10 6- Missouri— 5-25 4%' preferred A , 5-10 5-15 8-15 62yac •; 6-15 Sherwin-Williams — Paul 5-16 6-15 1 11-15 62y2c (quar.)__\ 15 c Shawinigan preferred C (quar.) Telephone, common (quar,)—— preferred Perkins Peter 1 5-10 6-13 of Co. 5-25 5-20 62yac Ltd., common (quar.) Pennsylvania Electric Co.— 4.40% preferred B (quar.) Pettibone-Mulliken Co. Rubber 6-15 5-20 ;t,. Penman's, 3.70% Electric 1 5-16 : 25c 1 ______ (quar.)— (quar.) preferred Union 6- 6- ( .__ 5-18 1 (quar.)_ _ cum. 5-10 5c '. $1.32 St 5-23 »IVic$25c 131 Vic 25c " Asbestos 5-14 5-18 4-28- $1 (quar.) ___J_ Union 8- 4-29 1 5-16 25C pfd. 1 6- 7% 6% 6- 6- 2 ] Quarterly 6- 25C 5-4 6- . , 1 6- $-1.07% quar.) — class 1 5-15 25c 5-18 25c ___ , (quar.) 6-10 preferred 90c 12- Co. Tudor City Fourth Unit, Inc., 208 South La Salle St Corp. 9-1 9-15 12-15 50c 62Vic 85c 25c " (Del.) Extra 5- 1 Insurance 1 J45c r 6- 6-10 - 1 $1.06 y* 1 6-15 Trinity Universal Quarterly Quarterly 6- 9 6- 9 1 , 7- 5- 3iy»c 6- 7- 50 c . 1 6-15 _______ 1 7c Security Banknote Co., common (quar.) $1 preferred (quar.)— — Serrick Corporation, class B (quar.)_. 2 5-10 7- • 5-10. 15c 9 1 5% 5- 5-25 * 1 1 $1.06 % (quar.) 5- 7- 6-1 6-10 1 1 6- 6- (quar.) preferred 6-10 5-14 , Co. 4V4% 6- 75c 20c Power Trane Company (quar.)_", Trlco Oil & Gas Co;______ Edison, 6- 6-15 93 %c 1 6-15 r4:> Water Toledo 2 6-15 3 40c (quar.)_ 5-16 1 Co.— common (initial Co. 6- ; 7- Tide 5-20 5- $1 Oil, common 4-28 . 6-15 5-16 50o (quar.)l__ preferred 5- 6-25 10c Union Storage Co. Acceptance 4-20 V _ 5-19 $3.75 5-15 50c , 7- Co. Surety 6-16 4 — $1 .32 4VS2% Securities 75c preferred (quar.) cum. preferred (quar.) cum. preferred (quar.) Peoples Seaboard 4-30 cum $1.32 5-20 4-30 5-16 , — _■ ____ (quar.) Wheel .(quar.) • preferred $132 6 37yac . 1 6-15 $1.25 15c 25c (quar.) $1 —— conv. preferred 4-30 V Manufacturing Co. (quar.) Page-Hersey Tubes, Ltd Parkersburg Rig St Reel Co., common $4.25 preferred (quar.)_____—, 5% Seaboard Oil 6- 5% 4-30 (quar.) Coal 1 5-10 5-16 ________ Pacolet Peabody 4-29 5-16 preferred (quar.)—,—, Pacific Lighting Corp. (quar.) 6- •6-10 $1.25 (quar.)-— preferred 5-16 siy4c 1 60c (irreg.) Mills Tide Water Associated . 3.65 % preferred (quar.) Scythes St Company; Ltd., common—— 3 6- 3iy«c (quar.),— 6% Pacific 5- Ry. Company Manufacturing Co.— 5-15 25c (quar.) Co., 5% pfd. (quar.)_ preferred (quar.)_„ redeemable 5% 6%% of Electric 1 6- 50c , Dillon 4.30% 5-16 &0c , & Francisco preferred $3.40 5-16 6-10 37yac4 35C (qutfr.)____— Mfg. Oo.-^—— Outboard Marine $1.12 y2 _ 1 6-10 $1.25 5-14 ^ : 6-10 $$1.06 5-14\ — Oswego Fall? Corp., 4V% % preferred (quar.) Otter Tail Power Co, (Minn.), common #3.60 1 13 6-20 pfd."(quar.) 20c 1% Glass B 6- .. , ._i_- conv. $$1.75 preferred "(quar. ): 1_I Osgood Company, class A——— • $$3 $25c Railway Co. (s-a) Ontario Steel Products Co., Ltd., com. (quar.) 5-10 t25c Ontario ta Quebec 5-13 5 preferred A vtc (quar.)_:——— 5% conv. preferred A vtq (quar.); ' 5% conv. preferred A vtc (quar.)— St. Regis'Paper Co. (quar.)__——_——— Savage Arms Corp Sayre St Fisher Brick Co._ Scheiiley Industries, -'Inc.————_____ Scott Paper Co., common (quar.) Louis-San "5% 6-10 6- 6- $1,121/2 — : St. 50C S .... Shops Saguenay Power Co., Ltd., 414% 3 6-17 6-30 ■ 25c $1 Thompson (John R.) Company__ Thompson Products, Inc., common 4% preferred (quar.)__ 5c (quar.): 3 ; ~ $1 ; Thomaston 6-15 25c — 3 5- 6-15 6-15 7- * 5-3 ' 5-16 7- Cotton Holder» Payable of Rec. 1 7- 20c —_— 5- 5-16 Mfg.—• , $2.40 convertible preference 25c — ~ Corporation (quar.) Royalties Management Ruppert (Jacob) 4^2% pfd. ' (quar,) (quar.) 5- ,6-15 . 50c _ (initial) Corp. Share Thatcher Glass 50c (quar.) Rowe ;5*31' 6-15 , • — When Per Name of Company 5-13 1 $1.25 (quar.)__ common ___ 6-20 ., Inc. 6- $1.25 —_—— (quar,)________ (quar.) A Extra 5c J25c — preferred Monday, May 9, 1949 Holdert Payable of Jteo. 30c (quar.)— Company, 5-31 (s-a)_ - Corporation Haas & 6-20 When $1.25 (quar.)_ 25c Match Co Oliver prior preferred $1.37 ya (quar.) ;*%% preferred: A_ Olin Industries, 4% preferred A preferred series A preferred '4% (quar.) common 5% 3 Rohm guaranteed CHRONICLE Share Company, $1.50 common (quar.)._: & 5% —_; Ohio: Oil.Company 6- Rockwood Corp.— Co. Ogilvie Flour Mills, Ltd., 7% preferred (quar.) Name of Company 3 5% preferred (accum.) 5%% preferred (accum.) Northwest Bancorporation (quar.) Oceanic 1 7- —-— Investment 6- . _ 6% North 6-30 each for Co. held— FINANCIAL Per Payable of Reo. tlOc (stock dividend)— Kansas shares four Share Ltd Corp., & Holdert When Per COMMERCIAL 6-15 5-31 7- 6- 5% 1 1 Volume 169 Number 4801 THE Per Name of Company . Woolworth (F. W.) Woolworth (F. W.) preference 6% v prior 4%% conv. WHgley 50c 5-17 - , a3% •/...)■ ' 4-22 5-. 2 , 6-20 » 6- 1 : been 6- 1 ; a 6-15 6- 1 25c " 6- 1 5-20 gations senior to the 7- 1 6-20 to 8-1 r ; , • . of ____ (monthly)__—_— Common (monthly). Wrisley (Alan B.-): Colhpany—1st preferred 25c $1 &. Kiles. Yellow Cab Co.— 2 (quar.) 5-16 5-16 6-15 $17,200,000, elosed for $5,500,000 7-20 5- $17,213,500. $1.25 6-15 5-16 ' dividend. New Watef : . " Nfet 169, " i-. ; Power ; ^Quarters Ended March 31— ' '"the feet tPeductions from v gross, h..' - « ** inc._ oper. » 1949 80,624 ' - • 1,034,006 $2,401,647 Net 1 ' ^ \ h 664,909 —; $1,061,882 V 509,480 $1,885,271 280,884 Cash for-Fed. '• the . ' 717 ,1,038 :390,000 245,000 . income '•Bales of oil crude and 886,541 $0.78 and etc., $692,964 ' other gross Operating revenues Oper. and exps. .Net: oper. Other $497,004 (net)—— and auctions r 1,326,118 / $500,717 other (net) " ' ■ ' • p. Other 12,063' $6,184,269 Operating Operating revenues $4,476,989 $3,962,068 865,050 865,050 rev. Operating Other t deducts,.-( inc. • 276,065 $284,405 ' $322)155 income • i.. Income $3,649,020 $1,148,405 13,407 430,828 8,971 109,800 —"-V. Income to 1,\. ■ $1,437,474 ' 120,279 113,154 495,000 '529,900 125,600 /< 169; r $174,880 1272. p. •; ' , Sales . . . . and • ' J949 from revenue ^ ' . ? ■ • (& Subs.)—Eafnings— 1948 ; 1947 , Other 1946 ^ . $24,128,812 $26,613,424 $14,654,202 $12,929,753 -199,530 231,143 325,018 220,334 income Total income General & admin, Ordinary taxfs exps. , — Provision for,employees' , retirement ; allowances, $24,328,342 $26,844,567 $14,979,220 $13,150,087 1,344,803 1,309,824 995,390 1,012,641 2,768,481 2,150,096 1,695,086 1,375,172 ,.;s-. ,,.781,646 .. ' . Ihsuranoe3 «'• • Depreciation'&? depletion; for,Fed. inc,\tax_ -•••" . A'niort. of. undeveloped leasehold costs and dry hole-losses (net)-: Rentals for undeveloped Net Common dividends dividends » I__ 4,765,000 1,800,000": Surplus Earnings pfer com. share 237,498 30,063 . . 1949 457,911 310,319 $9,020,208 $11,162,878 178,387 208,165 $5,180,274 250,395 1,599,202 $3,744,555 $3,342,931 'Stressing of all also in 3,838,086 $7,214,242 i' $1.71 , 20,421 13,942 33,821 ' ______ $4,711,083 $5,786,778 $5,353,137 1,056,954 1,776,895 1,471,395 i ; all on $4,009,883 long-term $3,881,742 one obligations of the senior to company's the main common $3,124,996 t EFFECT TO PRESENT $0.77- and Toledo stock 4,500,000 and be may, but of subject 1947-1957 in other without the to restrictive V;. relatively small a small a amount of 1978 the to as cooperates with dealers in and certain f other stock, the William F. from and & electric charged of ' the the sale communities of served steam and U. •, hot appliances for the of purpose general operations, approximately of 2.3% from distance of about about and miles 60 37 miles and and to the clivers east an about area of 15 miles about and 2,500 to Toledo Peoria & Western deposit from from Net ry. railway____ railway $401,293 G5,47i 1947 $362,726 $61,614 145,305 68,628 •13,380 143,054 __l income oper. 1948 •' Gross from from Net ry, 3,450 •$11,073 *15,613, •15,769 i,026,401 126,573 •22,042 437,880 385,993 "38,017 *41,836 201,420 172,819 *85,387 •41,755 - ______ income___ •Deficit.—V. Towmotor 169, p. . 1713. Corp.—Earnings— Net prbfit after charges No. of common shares Earned per 1949 1948 $217,563 $208,720 313,726 and taxes • elimination V. Total net pfofit for 168, p. 2733. of 1548 was $903,285, or first .. 1948 TO DEC. 31, first ^ $23,073 ■- 85,500' ; ^ notes mtge. .. 1948 securities interim . such of "" 97,709 pipe line 182,722 Cr342,858 period Nil SHEET, DEC. 31, 1948 $0.66 $2.88 share.— $1,502,540 for 4,560,000 v pipe.. ; interest 1,400,000 228,054 expenditures U. S. securities) with notes to maturity, 6% interim (less $245,000 int. accrued to Dec. 31, on 1948) 3,660,000 657,067, cost: at Undistributed ing expenditures reclassification, Other deferred Capital stock of 36,215,637 : predecessor principally , Govt, — 13,373 to assets 603,778 386,665 38,787 I_Z expense 5,471,683 pend¬ intangibles company, plant gas 39,237, in Z 79,330 Total $54,856,153 ™ LIABILITIES— '-Z ♦Common stock Issued (par value Premium on common stock §6% ipterim notes; Accounts payable due May 50c share) per $1,632,500 26,490,833 t26,500,000 —. l95l__L___:_i_~ZZZZZ~_ZZ~ 1, Taxes accrued 230,786 ;ZZZZZZ~ZZZZZZZIIZi . 2,034 Total $54,856,153^. *265,000 reserved the shares for Dec. the of 20, of upon such 1949. has been authorized but unissued common stock are exercise of warrants now outstanding for shares at $10 per share between Oct. 1, 1949- issuance purchase and notes tlnterest waived to on June $2,090,000 prindpkl 1949. 1, agreements with amount the of fThe corporation has entered institutional investors for the 18 June on 3, 1949, at their principal amount and' iptefest, of $143,000,000 aggregate principal amount of first pipe line bonds, 3%% series, due 1968. Such agreements: the payment by the corporation of a commitment fee mortgage provide for for the period 1% per annum ment fee is from Nov. 15, 1948 of the principal being amortized over to June amount such 3, of 1949, the at bonds. the The rate of commit- 1 period. The principal amount of the 6% interim notes Is payable at maturIf either the corporation or the registered owner shall so elect, by the issuance of cumulative preferred stock, $3 series, at the rate 6f ity, share total 313,726 $0.69 all will IssUe ^ ferred share____ 6% 3%% The " ' company • status ' ' fi¬ The show the — receivable ^ Unamortized discount and expense on 6% interim notes : process of amortization to May 1, 1951__—____ tCommitment fee one Quarter fended March 31— Government. report, - on S. accrued 1946 1,163,303 railway railway oper. S. sJ on (principally bond purchase purchase by them Rft.—Earnings— 1949 U. this construction of into March— deposited With the Interest the square Company estimates that the population of the territory directly served was approximately 520,000 at Dec. 31, 1948, of which approx¬ imately 317,000 were located In the City of Toledo.—Y. 169, p. 1927. Gross exp. Government securities, Accounts receivable heatihg wholly within the State of Ohio and chiefly surrounding suburbs. The territdry at are Toledo the Government contractor's Cash Company electric of fabrication trustee the> service. gas of be company, not currently the pipe line, have been of part of a will the expenditures___i plant constructibn advances— purchase of steel plate May 1, 1951 $225,000 : amount of notes fee Contracts construction For approximately 0:6% from gas service. Its sole subsidiary, Realty Co., holds a small amount of real estate for City S. Of amount For Special present directly served with electric energy comprises the City of Toledo, 41 nearby municipalities and 116 unincorporated communities, and intervening rural territory. This territory surirounds the City of Toledo andi extends principally to the west and southwest an average .. and to For series of plant Gas Indiana ,if$0.54 Humphrey, on.U. Interim commitment of use Company's operations in 6% discount aggregate provisions instalments natural bonds funds are BALANCE ■ 1 these construction April. on net a securities. ASSETS— 2,775,000 shs. # than limitation semi-annual ; " ' series any issued these and board of directors of the reports during the construction period. will be Issued the latter part of of 160,000 shs. 5,000,000 shs. * companies for1 the purchase amount of 3s/a% bonds due 1968. company's funds. of Gas 6,200,000 preferred stock $51 realized of INCOME ACCOUNT FOR PERIOD OCT. 5, 300,000 shs. —__ " •'•t. 3,825,000 6,200,000 1950—_ $100> ,4 fees, advertising, working capita), for management reports 2,500,000 (par series of All the 5,000,000 2,500,000 - including balance company short-term. securities the electricity by its consumers. For the year ended 1948 approximately 97.1% of its gross operating revenue Was 31, service 1,279,362 , objectives in Outstanding :—$5,000,000 ; j, insurance 18 sale 1949. with statements, which of $32,000,000 due Dec. 31, it also provides sells Toledo 269,894 . all Interest * — (D.i- LY FINANCING Authorized 1977 The with the 3, connection Amort, debt bonds— and Henry S,-vj Gillette , quarterly A • In Interest oustanding on Dec. 31, interest requirements on the GIVING issue $25,000; aggregate principal from June on into Amort, interest _ as of 1,485,097 $3,654,129 stock. entered proceeds invested $4,610,093 deductions ;';' Carl ; common $143,000,000 23,334 service Net ■ of $4,596,151 1,668,000 liquidation: $2,241,794 2,558,724 $6,283,085 of $5,332,716 _________ the of than \ been $5,763,444 1,533,226 , From Jan. 1— 347,685 quarter). $17,222,714 . Rote—The above statement does not Include the ariidunt collected for Federal, State and municipal governments in the form of taxes on sales of gasoline, lubricating oils, and other products, ($9,745,303 in the $18,133,299 HISTORY AND BUSINESS—Company was incorporated in Ohio, July 1901. Company Is an operating public utility engaged primarily in the production, purchase, transmission, distribution and sale of electric Net 813,176 share have $4,677,262 income expense more no approximately $48,425,000 from the sale 1945 , ' ; • 250,000 • , $1.38 1 YEARS 1946 . and etc., • nancial 1,508,000 \ : 274.-998 . ____ 1947 „ and. (President Director); Don were directed toward the financing of the pipe Una systentk financing was Completed during December, 1948, by the sale 2,250,000 shares of common stock and 530,000 units, each unit consisting of a 6% interim note ($50 principal amount) and one 1,014,000 amount and which 1,587,976 this Richmond Director); of 1 915,652 of and its 1,739,609 (par D. (Vice-President company of required capital CALENDAR FOR funds general hew 1, *4,082;530 387,028 profit Preferfed 328,087 * 4,285,598 ; acreage— 339,105 4,852,190 1,006,318 ■ the to 93,3.74 350,001- . added income due Real corporation was organized Oct. 5, 1948 for the purpose of assets, franchises, permits, etc., subject to the liabilities, predecessor, Trans-Continental Gas Pipe Line Co., Inc., a Texas corporation. Virtually all of the activities of the present Delaware miles. _ 56,019 . ___— -r ' - obtaining This of 1,823,839 • — Fed. stock southeast ,,, _ 41,^63 , ' Property retirement * v —___ 5,247,765 3,361,000 v. 413,069 443,122 Int., amort, of funded * 4 debtexpenses,, etc.— V. Frov. ,, 674,945 to 25 said: used 1957. June Dec. •„ Othfer Profit.— aft<f ') subsidiary view a by the corporation. The proceeds will be the. following manner as received and if less than the full received, will be expended in the order listed; Organlza-' trustee increasing the operations, $94^504,724 $94,712,519 $66,322,777 $48,283,479 ; Costs, and sellfng exps._ 70,375,912 68,099,095- 51,668,575 35,353,726 . with acquiring The 1979. series derived Mar. 31— its catalogue and purchase a Transcontinental Gas Pipe Line Corp.—Initial Finan¬ Report—Claude A. Williams, President, on March 1,368,481 cumul. energy.: *$794,419, - , Tide Water Associated Oil Co. Quar, End $783,165 ; ; ' r$200,991 through cial 1,137,001 notes, 2%, preferred water Net be bank loan iiotes_____— and 289,069' ' ' - Federal income taxes acquire, 101.591 6,919,855 mortgage.,. ,tDue $1,398,444 11,052 to DIRECTORS—Jack Net income for the .' •Bonds '$967,615 $335,562 __„ intends is expense 1,451,389 series 4(4% k 2,500,615, .$295,732 deductions tional 1,210,443 income Common 2,725,986 ; j income the not be of vaiiie. Thq nuinber of such copyrights ""3 Gordon, Kaufman & Real, Inc., has no liabilities. ; » H AND $200,000. 7,536,775 mortgage t2% ?J 11,327 > , Total „ ,,\u , printing, $2,500,- 1,601,000 principal taxes J -i of/f.,\ a (Secretary-Treasurer in 1,423,512 Cumul. $3,693,602 * composers proceeds will be received spent 1,700,829 3V8% series due 1978_ 3% series dufe 1979 1949—12 Mos.—1948 .289,286 net 9,426,496 taxes 2%% before Federal vinci V 1949—Month—1948 $560,470 $611,441 _^L_ will $23,868,129 $20,969,542 revs. CAPITALIZATION 1,35ft,885 ~ talented and PURPOS,E—As there is no firm commitment for the purchase of thfe offered, fio representation is made that all or any of the' 1,631,477 annual Term Period End. Feb. 28— estimated ' total 2733. p. 1948 is $1,276,750, and the annual $2,500,000 of bonds of the 1979 series will amount to $75,000. $5,320,§53 1,707,280 Texas Public Service Co.—Earnings— • 168, OF EARNINGS income The $5,308,890 80,244 i by publication written securities 1,843,618 income Net First .1 all owns of Income—Interest 125,169 Net income il_: $357,218 $322,120 Pref ..stock dividend requirements for the period —V. J69, p. 1713. < and the scores ■ rector*. ? 4Hl by Avenue repairs- & operating 2232. $447,289 143,499 writers in show # OFFICERS The Net 15,292,246 $6,104,025 ' specialize musical Kaufman consist corporation 12,290,933 for Gross 16,399,435 85 . Gordon, Drezner occupancy May 2 on a bid of 101.047. Competing bids Corp. and Salomon Bros.: & Hutzler proceeds oper. Total income de- —— for Securities taxes $22,503,460 $20,601,136 $447,204 3,713 - income Interest ; 1,315,880 taxes.. and . 1949—12 Mos.—1948 $1,773,322 revenues.— income Gross $1,312,884 ____ of depreciation. for Prov. Texas Power & Light Co.—Earnings— 1949—Month—1948 corporation to company ASCAP Direotor);- Nathaniel R. revenues.' 168* Period End. Feb. 28— '* the new musical numbers and to build other: catalogues which it intends to promote income. -v ; 100.83;, Halsey^ Stuart & General 886,541 $2.03 tOperating expenses,'costs, general and administrative expends, lease rentals, and taxes, other than Federal income taxes.—V. ■ awarded Union - Maintenance 100,000 $1,801,799 produced, of popular music directly, ' Operation 668 - -■ $0.94 gas of ,, , SUMMARY Total ^$793,632 1,772,456 outstanding Earnings per share_'_l_in____ ' ; 1948 $1,659,159 Shares V-» 1 intention which may or may is less than tivelve. Tishman, Norman ready company and used to provide part of - the the construction program of the company. Prov. Net by be to / ' ' $2,192,836 . taxes_l__ ' was authorized and outstanding capitals & Real, Inc. (N. Y.), The assets of such " Publisher's Ascap (American Society of Com¬ posers, Authors and Publishers) membership, dating back to 1942, and certain copyrights of popular music which have not been exploited,* & Co., \ . etc._—__ Income the The ' $780,998 ' $1,904^76 discounts,.interest, > , the subsidiary Co. Inc., 100.79169; Carl M. Loeb, 100.4551,; Kidder, Feabody & Co., 100.531; Otis & Co., Inc., 100.35; The First Boston Corp., 100.30. ; : Dated April 1; 1949, - due April , 1979. Chase National Bank, New York, trustee. V.„'> ' "■ ^..>12,633 -14,460 ' ;Gross .income lit— Provision $2,178,377 19,605 •» .»«"»,«' expected . about $12,000,000.—V. PTJRPGSE—Net incoine____'_______ " operating v announced was are 1950. was were: Rhoades for j issue (jointly), $2,687,857 516,376 Other income. credlts___^._i'r_7i.7,_:i7 it on-a plot-fronting 200 feet on York 62nd and 63rd Streets, will represent a both on 3s as $1,726,791 ; . : Income, from ^operations_ii^____t; Deprec., depict.\ cancelled and surrendered leaseholds, and dry holes 1, and interest. • 1947 $3,721,862 1,098,059 . colony,-: apartments project, The $3,499,706 .> BUSINESS—Corporation composed by prominent unpublicized merit. stock Consttuction Co., Inc.—Starts Work ties Corp. (as sole underwriter) on May 4 offered 000 first mortgage bonds, 3% series due 1979, at -169,733 -1948 • These Co., 2 Rector ' AND promotion amount '■• „ ■ .. The investment of 65,279 <"■ .i,'„ ■ * apartment about March Texas Pacifid Coal & Oil Co. (& Subs.)—Earnings— ♦Gross:roperating;.lncom€j.-ii__-i_ • •; . ■ 31,802 , '■ ' - Transfer and and is and Toledo Edison Co —Bonds Offered—Equitable Securi¬ -• ■ It Bonds was President; $122,851 __i_ .... 1 Co.—Sells started May 2 by this company on Sutton Terrace, Manlargest hew non-institutional rental apartment project which provide residential accomodations for 500 families on the westerly Place f Income ' and , i__—— • \ - Registrar intends to engage in the business of acquiring, pub-.; promoting .its copyrighted music through the sale of sheet licensing of its copyrights to phonograph record and '' * transcription companies, movies, and to otherwise license its musical Avenue blofckfront, from-62nd to 63rd Streets, marking another significant step In the northerly expaftsion of the fashionable Sutton., •*>' 14&2. p. registrar, York railway-321,503 . and corporation music Sutton Terrace— will ._. railway ry.oper. —V. The lishing 3V8% bonds series due Feb. 1, 1978. Of the pro¬ $500,000 were used to repay a bank loan of like amount and $1,000,000 will be used to finance expansion. —V. 168, 0. 2054. ; Work (Continued from page 14) '.4ffoa$'Jan.-1^-' Net from . incorporated ih Dela-W" April 11, 1949, with a capitalizatioh of 3,000,000 shares of commoh «",t stock (par $lc), ') hftttah's Gross from railway_I__;:_____i__-—______ L, Nfet from railway_iL__t^l________^__'___'_l__—: Gross from COMPANY The CorporaKea income— - ware ceeds i.fexas & Northern Ry.—Earnings— -!Mdrch—1949 oper. agent St., New York. gage '■stist:':-; kmstmrt Hews: ry. • shares of corhmon stock (par 1(f) at 250 per share. are offered as a speculation. Transfer Privately—The April 1 sold privately $1,500,000 first mort- company on •* ' ■ . securities 1492, p. "Transcontinental Trans-America Music Corp., New York—Stock Offered. —N. R. Real & Co., New York, is offering 1,200,000 .,., $96,600,000 York Tishman Realty & Net 169, heading paragraph ending with v. 169;*. S5) should have appeared under ' Gas Pipe Line Corp."—See v. 169, • • compositions. on V', $79,400,000.—V. from - . , of been reduced until May Tide SOne share of Madison Gas & Electric for each 25 held (If approved). Less British Income tax. / * ,' ^ *,Lfess 30% Jamaica Inpome tax. v 1 * ' stock have common » 4 • }- 172,000 Trust CO., trustee, 100 Broadway, New York, N. Y„ 16 receive tenders for the sale to it of outstanding first bonds due Sept. 1, 1950, to an amount sufficient to exhaust the sum of $193,037, now held In the sinking fund, at prices not exceeding par and accrued interest.—V. 167, p. 1262. . 7-30 5-11 f Pay able in U. S. Funds, less 15% Canadian non-residents' tax. {Payable in Canadian funds, tax deductible at the source. N<mrealdent tax 15%;, resident fax 7%. General an July 1, be reduction a annual basis in 1933 to $646,000, 1949, the only obligations ahead shares of $3.75 preferred stock, Accordingly in the past 16 years obli¬ on On following the first "Chronicle'' of April (sec 1821. p. mortgage 5-31 $1.50 this The will " 37VaC Young (Thomas) Orchids, Inc Youngstown Sheet & Tube (quar.)u—: not the iM, , . .'Textile Realty Corp.—Seeks Bond Tenders— '4-21 5-31 T. books from stated value of a 4-21 5- » 10c ... 2 5-31 * 10c' Wy^ong ^Transfer; 5- $1 10c preferred 4 matter 1492 p. ^'! (quar.)_„__ 4%■ 2nd-preferred' (quar*.) Wyandotte Worsted (quar.) Extra _J convertible reduced reduction of $4,854,000, common stock will of. the 51 Transamerica Corp.—Correction— / 7-20 $1.12'/a (2035) The Humphrey announced that by July 1, 1949, through the redemption of 5,250 shares of the preferred stock outstanding and the retirement of 13,095 preferred shares now in the company's treasury the charges on such senior obligations will have 25c Jr., Company— (monthly) CHRONICLE To enhance this movement Mr. 6-15 $1.12%_ FINANCIAL , , 6-8- 25c com. preferred (quar.)__—__ prior preferred (quar.) Common 6% 5-14 6-1 >, ., (s-a)a*-*— 1 (Wm.); Common 4% -6- . . & President, pointed out that in May, 1933, these obligations amounted to approximately $96,600,000, with consequent interest and dividend charges totaling $5,500,000 annually, At the beginning of, 1949, the company had no funded debt, V 5-14 6-3 ■ .-25c — Company (quar.) & Co., Ltd.— registered 5-31 31 Vic ,. Holder« Payable of Reo. 25c / Wprthington Pump & Machinery Corp., 4%% Share V Woodall Industries, common (quar.)_ 5%, conv,. preferred, (quar.) „___ Woodward Governor Co.: When COMMERCIAL of of points in cost for and of are the and of $50 principal authorized reserved holds by the operation Texas each of corporation necessity granted struction The stock stock, $3 series, NOTE—The and such 536,009 shares a a to the gas of the notes.x cumulative pre¬ payment. Power natural amount unissued certificate Federal Louisiahd but for such of public Commission transmission NeW convenience for the con¬ system from York-Philadelphia area. system is estimated to approximate ' $190,000,000, and commitments including substantial for Underwriter^ Stewart J. Lee & Co,^ New York. Proceeds will for drilling and equipping five wells and for working capital. that construction shall April 1, 1951, unless the the Federal Power Commission requires start by May 29, 1949, and be completed by latter date is extended by the Commission. by of design representing 80% nf the cost of fifty 38-passenger purchased and placed in operation in 1948 were secured from fcanks in Minneapolis and St. Paul. The contracts provide for 'Funds $20,000 of anents 1' Dec 1948 equipment obligations ©f $20,000 per month. , ACCOUNT FOR INCOME CONSOLIDATED .—--— — —-—"-—•*■> — of ; ——- 1,4~5~2~673 1,170,890 Depreciation Taxes, other than Federal taxes on income_r~ Provision for Federal taxes on income-—,—— 1,385,627 1,099,454 475,000 ~ 298,630 Scully the said of ■As Dec. 31, -—1———•------ Operating income income Other 'Net 22,529 :——— income Gross : bids $567,693 $617,185 264,700 stock—— share Earnings per common — $355,009 :> While the decision of common Minister ; for a great many years' capitalization of stock dividends, has been treated a3 income for and that "there is nothing new about the decision Canadian the Subsection 3, and reads as follows: as result a readjustment QUARTER J----: of undistributed its and taxes——■*---—•--/ expenses r 4,620,836 5,054,368 shares immediately "$19,794 ; 4,216 >, •— i •— $197,653 5,655 "$15,578 ''$203,308 63,110 income Interest on funded debt— Amort, of discount on funded debtMiscellaneous debits 60,048 ' ■ way: had -.-. — — — 2,527 ■ taxes depreciation. $100.- par " $52,788 "$81,215 income corporation's U. etc—— —_-■— (at cost)— Receivables at cost-:. - with 214,469 directors did — _ .. . stock without par value— L_ stock — collateral trust bonds, due Oct. 1964 1, Serial notes, 2%, payable, 2%, Feb. 1, 1950— due $20,000 per month Accrued be must tion is Deferred liabilities ————. injuries and damages Reserves for tax contingencies—— Reserves for Reserves for 432,763 59,750 1,651,839 684,184 858,391 297,948 592,185 —r- — — deferred — maintenance-—-— 61,000 1,834,861 492,103 676,235 297,948 592,185 ^ p. $40,694,331 $39,669,476 —: Total " for depreciation of $24,748,279 "After reserve tRepresented 1947.. 229,315 by shares at in 1948 and $23,719,730 168, value.—V. stated 2054. would the escape / contain similar no 86,200 tion on April 19 filed per share. ' • . United . ■ ! ■ ' J Corp. Cigar-Whelan Stores (& sales Net profit No. of ■ per — 1948 $17,764,286 $18,327,009 shares-——; share 89,460 109,989 __ common Earned Subs.)—Earns. 1949 Quarter Ended March 31— Net - ' • - - 2,303,164 * 2,303,164 $0.03 stock not until effective be the had per per of share The funds are to be, borrowed from the National City Bank, New York, Central Hanover Eiank & Trust Co., and Mellon National Bank & Co., in the amount of $5,850,000 each, and $1,950,000 from Harris Trust & Savings Bank. The borrowings are to be evidenced by promissory notes maturing Trust August approval 1, 1950, renewable at the option of the company with for two additional periods of one year each. Interest . be payable at 2xMrU during the initial period.—V. 169, p. 1821. SEC will assumption that approved share securities of U. S. are each May 10, dividend a stock, common $1.50 of payable per 10, June 1949. Previously, the company paid and, in addition, disbursed an extra 5, quarter, March on declared 26 outstanding record $1.25 to $1.50 Quarterly 1949. May 2. said in part: "Dividends cumulative 25; declared 7% preferred including a stock and $6 dividend of special share on the on the common share declared on Jan. totaled $7 per share 1948 year these $52,188,656 together $1 per with declared dividends, total was and to United and wear out replacements Steel's States of 1948 provisions exhaustion "The extent to which be disbursed good judgment on for the the expenditures made short of $77,000,000 of of facilities. construction of 1948 during year in Expenditures amounted to program ever spent ap¬ for facilities the current earnings of any corporation of was its the part declared for of the 1948 by United States represented Steel 40.3% of the 1948 be borne in mind this balance remains in the corporation for the good of all of its stockholders profits for re-invested and corporation. that in the increases to year. The remaining business. that should the extent stockholders' equity in * > , It " be of interest to the stockholders to know that during the 47 yearc from Jan. 1, 1902, to Dec. 31, 1948, dividend declarations amounted to 68.1% of the total profits of United States Steel for that period. During the past 20 years, that is, from Jan. 1, 1929, to may 31, 1948, 85.9% of the total income of United States Steel for that period was ordered to dividends." In his (estimated expenses BUSINESS—Company was organized in Maine Sept. public a southeastern in utility operating and southwestern Utah central Idaho, also- is and Wyoming were properties. ■ properties transferred . July, 1944, : Traction company-sold its transportation: to Salt Lake City Lines, a non-affiliated company, and its electric and other remaining property* to Utah comIn In consideration whereof Utah company assumed, all the llabiliTraction company, forgave all indebtedness of Traction com¬ pany, ties in Salt Lake City, and also owned certain electric light properties which it leased to Utah; company and operated by Utah company In connection with its owrt system and power which * of it,-and surrendered for cancellation all of Traction com¬ pany's outstanding capital stock. Traction company has not yet been dissolved, but It is merely a shell corporation owning no property and having no assets. \ , due pany . PROGRAM—The construction program of company CONSTRUCTION inclusive, will require ap- > and that approximately $11,000^,000 will be expended in 1949, approximately, $14,570,000 in 1950, and approximately $16,580,000 in 1951. Its and for the subsidiary years 1949-1951 proximately $42,150,000 during that period for additions to its its subsidiary's properties.:. Of this amount it is anticipated- 1979 series bonds, together with will not be sufficient to carry the proposed of Utah and Colorado companies through 1949.' conditions and other related factors permitting^ proceeds from the sale of the company's available cash, construction and program market by appropriate governmental authorities, to issue and sell common of stock for each eight, subjects to authorization it is the present intention of Utah company stock on the minimum basis of one share stock now outstanding, and coincident with, sale of common stock, to issue and sell, if first mortgage bonds (presently estimated not to as may be required "to finance the balance of the 1949 construction program. To the extent that Utah com¬ pany's resources are not sufficient to met its construction expendi¬ tures in 1950 and 1951, Utah company anticipates that they wilf be provided for by the issuance of such additional securities, from, time to time, as Utah company deems most desirable. shares the of common subsequent such to such additional exceed $3,000,000) necessary, GIVING CAPITALIZATION EFFECT remarks, Mr. TO PRESENT FINANCING Outstanding mortgage bonds; 2%% series due 1976 318% series due 1978 series 3% be paid to the - sinking fund notes under loans (no 3,000,000 3,000,000 3,000,000 .. • " due 11.500,000 tl,500,000 shs. , stock Common bank 3,000,000 1973-— debs, due 1956 to 1947 [$250,000,000 j 1979. par) "8,500.000 1,185,241 shs. $500,000 payable Nov. 1, 1949. 1948, the capital stock authorized under Utah* certificate of organization amounted to 1,250,000 sharest (no par) of which 1,185,241 shares are issued and outstanding; Utah: company submitted to its stockholders at their regular annual meeting held Oct. 20, 1948, a proposal to amend said certificate of organi¬ zation so as to authorize a total of 1,500,000 shares (no par), and "Does not tPrior include to Oct. 20, company's proposal was adopted.—V. 169, p. 1821. Utah Ry.—Earnings railway $201,676 from 29,846 Net ry. Net from ry. stockholders in the " " 1946 607,375 498,099' 152,800 "60,265 $166,141 33,44T 19,420' 109,053 67,919 53.39S . . 1— 574,237 railway from Net M5.883 income. oper. 1947 $183,741 42,000 16,448 '53,856 From Jan. Gross ; $87,766 railway— from Net 1948 1949 March— income— "Deficit.—V. 483,198 22.862 3,514 "15,534 "26,154 railway oper. 169, p. - 1714. form of Van Raalte Co., Inc.—Earnings— Quarter Ended March 31—' . 1949 "Net profit Common outstanding^l_____ $5,817,357 532,119 i shares 429,867 387,948 $4,970,560 444,525 387,948 $1.11 share-— $1.37 "After provision for depreciation, profit-sharing and charges, including Federal taxes.—V. 169, p. 1273. Earnings per 1947 1948 $6,661,886 258,632 $1.72 common Victor Adding Machine Co., Chicago—Record all other Sales— formula that combines efficiency and cooperation to production and, in turn, provide " larger profits for employees, this company announced that $258,395 was credited to the accounts off shareholers in its Employees' Security Fund in 1948. This sum which is lightly less than half the amount U6ed for employee benefits and personnel activities was made possible by the greatest sales volume in Victor's history, according to G. H. Turner, Vice-President in charge of personnel. Victor employees become eligible for participation in the Security Fund after they have been with the company a year. Distribution of the company's contributions to the fund were made on Dec. 31, 1948 on a basis of two shares for each year of service Following permit high prior to shares a and one share of reach subsequent year. Additional given for each $100 in base pay earned by the member 1944, are during the year. The assets of The shares for 1948 are worth approximately $5.50as of Dec. 31, 1948 totaled approxi¬ the Security Fund ., Olds also reviewed and expansion achievements due $32,000,000 k — should through the declaration of dividends involves the exercise "Dividends Dec. is and .. directors of the particular cor¬ poration in the light of the situation of that corporation. The con¬ trolling facts and circumstances differ with different companies. What may be sound and proper in one corporation may be inadvisable in the case of another concern. It would seem proper in the case of many corporations to conserve a part of large dollar earnings in years of unusually high or abnormal business operations to build up a fund for the needs of years In the future when industrial conditions possibly may not be so auspicious. Then again, it may be much wiser in a particular situation to use some of current high profits for capital purposes, such as the building of needed, new facilities, rather than to attempt to raise the funds for this purpose through borrowing or through the issuance of additional stock. "It in of ■ Gross income, the sum of remained for re-investment in the business. This amount, additions the „ per - $146,000,000, on ' Company has two subsidiaries, Western Colorado Power Co., which supplies electric service In the southwestern portion of Colorado, and! . Utah Light and Traction Co., which owned and operated a transpor¬ such the for 1949. for proceeds annual the by Irving S. Olds, Chairman of the board, in his remarks to the stockholders at the 48th annual meeting held on that to Retire Pfd.— has received SEC authorization to borrow $19,500,000 from four banks for use (with treasury funds) to redeem all of its outstanding Prior Preferred Stock. company where this corpora¬ the v stock, 100.8091. Nine other Equitable Securities of Authorized April on presently holders $1.25 $1 ; liability. tax directors on to bid public utility holding company under .the Public Utility Holding Company Act of 1935.' It is-.engaged principally T. In the business of generating, transmitting, distributing and selling electric energy throughout such territory, and to a limited extent in providing; , central, steam' heating service In the commercial distflct of Salt Lake • City: ' ' • ' ' ' '' Serial 59.7% United Light & Rys. Co.—Bank Loan The on share amounts to $20.58. per The a 3s as follows: registered a But, according to the tax ruling, these sellers failed Canadian holders profit - connection provision in is not required. approval Common Div. Increased from 1949 on ., estimated AND It 1912. 3 Vz % share 2 by the company will COMPANY northern income $0.02 -r-V. 168, p. 1946. received be 1st a shares of capital stock by stockholders at $3.25 Scully stock¬ in the stated value of shares $275,200,000—the largest amount by .United States Steel in a single year. : - letter of notification with the SEC (par $1), to be offered for subscrip¬ -The Enterprise Corp., 70 Pine Street, New York, a substantial stockholder, has agreed to subscribe to 10,000 shares and has option to purchase any shares not subscribed for by stockholders. Enterprise may resell the acquired shares. . Pro¬ ceeds will be used for working capital.—V. 164, p. 870. The company for the of surplus. law, an Increase proximately City—Files— deducting to disturbed by the fact that they may, at any time, find themselves in a position of having, a tax liability because of the action of a directorate trans¬ ferring sums to capital account. In the case of Steel, the net taxable 1948 Tyson Bearing Corp., Jersey that of value ago. approved by stockholders. In New Jersey, "After in stated However, Mr. respecting Canadian years Canadian stockholders sold their increase to May bonds as to be approximately $2,984,273 and excluding accrued interest > initially become part of company's general funds and as such may be applied to any of its corporate purposes, which include capital expenditures for construction. PURPOSE—Net after Securities the $100 situation the incorporated, stockholders' Some the laws tax Canadian of 400,000 —— —— ! taxes 609,793 to 260,000 notes, Accrued interest 400,000 272,381 —-— - current maturities Accrued vacation pay — : Serial 6,342,025 8,395,640 5,975,000 693,756 contracts, 2.75% — due Dec. 1, 1949—-———— Accounts and wages payable Equipment Notes 9,655,250 6.342,025 8,306,598 5,975,000 —— surplus Earned $4,274,850 reduction in capital Capital surplus, arising from 4% $4,274,850 9,655,250 stock (par $50) convertible prior preferred tCommon 11 some alter capitalization the However, LIABILITIES— 5% $40,694,332 $39,669,476 to restores $75 to not meeting on May 2. -Tata! three-for-one the down States the awarded was received for the May 1, 1949; due May 1, 1979. Interest payable M-N City at the principal office of Guaranty Trust Co. York, corporate trustee. .... or Under 676,235 858,391 218,218 — : charges 74,120 1,374,072 the of this United 17,855 746,201 1,540,030 — fund Injuries and damages reserve Deferred increased by $217,581,300 to split, the stated value repre¬ was holders. 1,337,000 8*'8™ r— and supplies, Materials $35,229,524 1,211,951 875,000 ~ -—-——■ ^ Government securities S. capital outstanding share will be $33Vh. each written declared 1947 1948 $35>88:ji8®3 f3,875 equipment (net)———— deposits, Special by action stock BALANCE SHEET, DEC. 31 CONSOLIDATED ASSETS— Cash sented the "Road and stated series due 1979, at . the 'Sofne stockholders have drawn Mr. Scully's attention to the fact "■Loss. - the increase to shares common Thus $870,325,200.' After Net that enough of this outstanding capital from $75 to voted directors the Then Issue The 86,677 income on no i-i , Federal economic $270,000,000 be added to the stated capital represented by 1,266 2,526 > ; provision affects Canadian holders of Steel common stock in The directors in January restored to surplus $270,000,000 been allocated to depreciation reserves in 1935 to cover This this which -.Gross a the before • of the business at that time." Operating income Non-operating income a or capitalized,' reorganization or readjustment was completed, equal to the proportion of the undistributed income so capitalized, that would have been payable to him on the winding up the Operating corporation or the any part ,of the dividend shall be by each of the persons who held any of received deemed to have been - is hand on . 100.619; tation contained Is Section 9, of the reorganization of capital stock, the whole income the last' year, ■■".! "■ is feature this revised were noted. he which under laws tax income continued, was provision Offered—Kidder, Co.—Bonds Light & (as sole underwriter) on May 4 offered York New 6, . .principle The for demands which, if made and granted, would necessarily producing steel." See also V. 169, p. 1928. . Canadians held 91,789 shares of United States . ' satisfying, what now steel products. Fur¬ in demand accumulated Dated New as purposes "When, , — well as government plan for adding has been suggested. capacity,* as a-factor be Merrill Lynch, Pierce, Fenner & Beane, ,100.619; Union Securities Corp., 100.583; Halsey, Stuart & Co. Inc., 100.55; .Salomon Bros. & Hutzler, 100.55; The First Boston Corp., 180.54; Carl MLoeb, Rhoades & Co. and E. H. Rollins & Sons (jointly), 100.5099; r Otis & Co., Inc., 100.40; Lehman Brothers and Bear, Stearns & Co. (Jointly), 100.259999. •* ,i;/. .... . ; that case." this . STATEMENT FOR FIRST -CONSOLIDATED INCOME in same $302,992 onsprior preferred earnings, 262,175 —•— income Dividends 36,476 . abnormal de¬ by-,, Mr. cost of Power were Corp., tax 1948, said Scully taxation ——T—— . deductions Income v.* Mr. the 101.25 and interest.. . stock. common any ingot to $3,000,000 first mortgage bonds, 3% . $580,708 $545,164 these Utah . Steel that prices for steel products would appear to be in-< provide an adequate return on the huge investment ,r proposed new steel mills." • • 7 higher for Peatoody & Co. liability of Canadian stockholders would date from the approval by directors of the recapitalization plan last Jan. 25. '■*/ v.-vt-/. Mr. the into Olds also told the shareholders that "there are rumors of forth¬ Mr. definitely taxable as income/' V. M. Scully, Deputy National Revenue,, stated in Ottawa, Canada, on May 3. of whether new time in former the increase the ' .; of coming labor stock to 26,109,- "are of tons out needed 1 . indications clear are questionable million c'arried thermore, Held Taxable Under Cana¬ is taken from the "Wall Street ' government evitable in order to 8,703,252 shares, without par value. from United stock 262,980 maintenance Provision^ for deferred 2,273,688 2,780,616 most 15 be The "benefits" to Canadian stockholders resulting from States Steel Corp. to increase the stated value Any 1947 ' Maintenance shares Journal": $18,948,941 $16,680,822 10,603,365 12.700,968 • May 12, 1949 must be accompanied by due bills. The split-up will increase the outstanding common dian Laws—The following YEARS is remains Increase in Stated Capital be at the rate 1948 Operating revenue Operation ■ Increased three-for-one basis, on a from stock common the observed: or could the the au¬ split-up to "there that ... 756 r CALENDAR proposal a 10 15,000,000 shares to 45,000,000 shares stockholders' voting rights to three votes per share, . '' ' . •: The stockholders also approved an increase in the total stated capi¬ tal represented by outstanding common stock from $652,743,900 to $870,325,200, or a total capital increase of $217,581,300. Of this total increase, $38,462,801 was transferred from existing capital sur¬ plus, thus eliminating the balance in this account, and the remaining $179,118,499 from earned surplus. The changes In capital surplus and earned surplus accounts were made effective as of Dec. 31, 1948, and increased the stated capital represented by the no par common stock outstanding prior to the split-up from $75 to $100 per share, thus restoring the capital of the common stock to what it was in . and now P£ovi<le *orr. * July 1, 1948. After tne made, payments on the and they will also commence, Olds increased the preferred and due and payments of-, prepaid, and the maturity dates were remaining serial notes were changed payment of $20,000 per month commencing final payment on the serial notes has been 'the' stock common thorized payThe total were March 1, 1950. beginning month per the Asserting the Secretary will distribute on or about June 2, LB49 two additional shares of common stock for each share held as of record May 12, 1940. The New York Stock Exchange ruled that the common stock be not quoted ex-said dis¬ tribution until further notice, and that all certificates delivered after buses local contracts is $693,756. At the time arrangements made for funds to pay for the buses, the $400,000 serial notes amount of present approved 2 May on of entry for steel products, which„ came into being largely as a product of World War II, is fast becoming a thing, of „*the past," April, 1927. (See V. 169, p. 539). Subject to filing of Certificate of Amendment with of State of New Jersey on May 12, 1949, the company Co.—Annual Report— 'Twin City Rapid Transit stockholders The from suggested the mand be used Corp.—Split-Up Ratified— United States Steel to business. "It the line is such that its delivery capacity may be approximately 340,000 MCF of natural gas per day to approximately 505,000 MCF of natural gas per day by the con¬ struction of additional compressor stations. * On the basis of . present material and labor costs, the corporation, estimates that the cost of providing such increased capacity will be approximately $43,000,000. , Such on increase in cupacity would require an additional cerfcificateQf public convenience and necessity from the Federal Power Com¬ mission for which the corporation intends to apply in the near future.. . J3uch an increase would also require additional supplies of gas, additional gas sales contracts and additional financing. The foregoing , estimated cost does not take into consideration any underground storage capacity, which the Commission, in its opinion granting the corporation's certificate, indicate might be required in connection with an increase in the capacity of the pipe line.—V. 169, p. 1342. The increased opposition steel April 26 filed a letter of notification with the SEC 800,000 shares (10c par) common, to be offered at 37Vic per 3hare,' The company on into pipe, certain equipment and project. The certificate granted plate, the fabrication of such plate the engineering supervision of the his Shreveport, La.—Files— U. S. Oil & Gas Corp., madesteel the 'corporation at Dec. 31," 1948 had contracts for the purchase of therewith connection in Monday, May 9, 1949 FINANCIAL CHRONICLE & COMMERCIAL THE 52 the corporation's production during the post-war period and reiterated mately $1,400,000. As in the past, the major investment of fche Fund was in ■ government bonds, with other investments in public utility and industrial bonds. Volume 169 Number 4801 -* THE Virginia Electric & Power Co.—Registers With SEC— Harriman & The company on May 4 filed a registration statement with the SEC covering $20,000,000 first and refunding mortgage bonds, due June 1, 1979. The names of the underwriters wijl be determined through com¬ petitive bidding. Proceeds will be 1928. p. for used construction.—V. COMMERCIAL Dated May option 169, of Co., Inc., Stone & whole Virginia Iron, Coal & Coke Co.—Earnings— 3 Months Ended March 31— Total income Total —1 . Estimated 1949; 1, the due May at company from time days' published or 60 Earned per 169, shareu common " 1606. p. 106,540 5,900 $43,282 Nil $0.23 1— : 'i:. 30,000 $8,060 profit—————! to March— Net ry. $2,154,057 railway_____. 467,476 income— 289,289 162.276 8,891.861 Jan. 1946 $3,219,689 272,358 cost 169, p. Three mtge. 793,736 due 487,339 General 8,459,285 2,384,173 9,381,836 7,559,668 4,089,818 2,725,778 1,953,038 1,502,661 2,512,748 1,765,728 5% Dec. 3% in Provision 1949 $9,745,678 856,589 1,174,123 inc. on 52,030 on profit taxes slock $0.29 $0.43 Ward Baking Co.—Earnings— Net profit No. of —V. after per / . ' • - ■' ' • all charges *____ shares———J common Earned . Mar. 26, 49 Mar. 20, '48 $663,272 $635,845 721,256 719,390 $0.80 $0.73 —. share— common of with I no a the New AND York York, sales Net income and Earnings revenue— (for 6,412,410 share™______________ common !_ 1,000,000 shs. , Edison $3.71 Co. of —V. 5, 1900. Since has owned all of under The 169, Edison the Co. direction have of a requirements company) the in the consolidated earnings (& Subs.) for the period. been 1949 ' revenues „! natural of plant acquis.t.on General taxes Provision Spec. chargeable income conversion 1,089,136 1,000,000 Co.—; 806,600 58,100 Oper. Patterson. and exos. Operating stock 918,217 _——— Income of Earnings On — number 1606. p. - of 510,000 561,007 B. pania Azucarera Boca formerly Ch!ca C. $1.39 $2.82 $1.51 Operating board by West Indies Sugar Corp., Iluntling Howell, formerly.. President of Boca Chica, the West Indies organization as Vice-President of sidiary, Cuban Dominican Sales Corp.—V. 169, p. 1342. W. week of output ended 1.98% week of of April over the 30, the 1949 output of has also its The of a with amounted of of SEC the this / its 500,000 Rothschild & & Co._ subsidiaries have with the simplification Holding Company Act; I Power and 12 Co._ MONTHS $26,332,102 — .$2,829,622 $1,6&9,814 1,731,016 —V. $936,663 — $245,280 $1,098,606 joined 120,860 451,180 428,676 3,829,881 ft._ 169, p. The SEC has scheduled .. the filing designed to integration require¬ and -i 1 West Penn Electric . 4,218,218 10,355,914 10,409,370 '1949 $2,142,870 1,518,735 ' Stuart & Co. ^ $1,838,974 for hearing Co.—Bonds Trie, and associates 1979, at 102.806 and interest. iN. Y.) and cash on May 17.—V. $619,197 $553,188 29,450 27,147 $654,503 $648,647 received at was the awarded sale for May 3s -Earnings— 1?49 1948 $360,753 $381,952 $341,701 57,531 93,354 -62,671 7,281 23,558 34,688 21,477 23,077 988,352 978,473 162,58) 84,39# 53,590 73,15# / • — income™ railway railway 1,030,202 ... 1947 , 1,110,213: 146,206 income—. 1946 " $332,163 264,639 57,624. 114,546 169, p. 1606. Wheeling & Lake Erie Ry Net ry. Earnings— 1948 1947 1946 railway—— railway from Net — 1949 from $2,720,425 $2,636,903 $2,482,942 910,676 857,696 1,017,151 190,167 income— 601,057 -589,865 645,220 151,025 4,589,76© oper. from Net $1,759,561 —V. railway—._ 8,164,798 7,851,250 6,616,485 railway- from ry. 2,844,568 2,700,786 2,496,129 790,923 income 1,905,625 1,973,647 1,631,900 599,195 oper. 169', 1493. p. Wilson & Co., Inc.—Partial Redemption— corporation has called for redemption on June 1, next, through operation of the sinking fund, $1,142,000 of first mortgage bonds, 3% series due 1958, at 100% and interest. Payment will be made at the Guaranty Trust Co. of New York, corporate trustee, 140 Broadway, New York, N. Y.—V. 169, Wilson Jones Co. 1162. p. ( & ' .-V • sales Cost of " , • Sub.)—Earnings— 6 Months Ended— Feb. 28,'49 Feb. 29,'4# $5,512,000 $5,694,000 5,119,000 5,059,00® $393,000 — sold goods profit and from expenses. operations $635,00© income 40,000 3,000 $433,000 Other income $638,000 deductions Provision for ] 1,000 Fed. income taxes (estd.)u 7,000 164,000 * income 241,000 $258,000 surplus, beginning !___ $390,00© 1,556,000 1,273,00© $1,814,000 fiscal year of Total sui-p'.us •___ ... Dividends $1,663,000 221,000 $1,202,090 1,492,090 $0.88 $1.48 Feb. 28,'49 Aug. 31,'48 —_1 ; Capital surplus 461,000 $1,593,000 1,509,000 surplus Earned per i_ share common 253,523 240,774 stock dividends $395,124 $339,561 67,503 - $400,669 — 63,778 97,504 . avail, hand and and on notes demand deposits receivable, less $990,000 for Officers' refund on prior years' income taxes. employees' notes and accounts. plant and equipment (net)— charges -, and stock com. $303,165 $327,620 $275,783 $1.38 $1.49 $1.25 (220,000 shares; 2332. ' __ Auto Supply Co. Deferred Patents, less 1948 Note $11,194,844 11.135,718 12,462,920 payable Provision for provision for Federal tax stock brought about mainly by operating preparing 169, ■ 591,090 1,509,000 1,593,000 $101 2,948,000 1,509,000 (par 1821. p. 1,556,000 ; $7,580,000 t Wisconsin Central Ry.—Earnings- increased salary and wage rates.' The March— Gross ry. * From Gross Net Net 1949 1946 $1,658,975 $1,484,625 1,389,020 ———__— Jan. 1,256,891 1548 $2 1946 1947 $1,904,676 449,887> $2,227,900 539,640 646,403 7221027 22,256 277,663 325,727 441,908 "289,73® 6,505.681 6,854,579 6,008,994 .5,408,69® 1,218,503 1,395,752 1,430,237 714,2GB 395,000 462,793 673,304 "22,575 1— from frcm ry. ' $2,342,405 railway..—' oper. income railway— railway— nper. income "Deficit,.—V. Inc.—Earnings— 3 Months Ended March 31— railway from Net 1949 . from Net to meet the trend of lower prices and lower an aggressive merchandising policy and a reduction in, expenses. Sales volume for the month of March reached a' revenues 476,080 2.948,000 surplus $0.77 Western Light & Telephone Co., Operating $500,000 430,000 surplus B. Bamesberger states: The decrease in net profit as compared to 1948 is attributable to loss of gross profit through decreased sales made at a narrower profit margin, together with relatively higher operating costs $7,580,000 $575,755 —$0.07 share——— 2,000 413,000 taxes 383,081 $48,933 per 62,000 ' , accruals income 35,000 2,076,000 60,000 $7,343,000 Capital —V. earnings 5,000 39,000 958,836 __. earnings ' ; $23,657,764 107,434 58,501 inc. tax and Federal Earned $22,594,359 — : payable—baixk____ Accounts for Federal income H. . 2,134,000 $450,000 amortization LIABILITIES— 1949 $10,858,641 before Net . 3,275,000 173,000 2,000 , (Mo.)—Earnings— sales— Net - 1,239,000 2,922,000 Inventories Claim $718,000 1,191,000 reserve $7,343,000 for share per SHEET ASSETSCash Capital expenses 3 1C9, p. ,1929. * , Yonkers Electric Light & Power series due May were: Period End. Mar. 31— $269,954 __. income . — _ $227,734 715 Co.—Earnings— Gross income Interest and —, : deductions— $270,669 _•___ other 73,256 . $228,187 » 58,291 1, available on for dividends"—- preferre'd $197,413 The of First 102.2068. Boston Other Corp., bids 101.823; p. A — 50,485 $146,923 "Including 1714. provision for income — taxes and 119,144,367 114,234,89® $1,251,574 $5,172,092 and $4,535,435 1,107,901 1,002,116 4,270,453 3,817,390 $255,753 taxes $249,458 $901,639 Non-opeiating $718,045 C31 631 2,160 Gross 2,251 $903,799 $720,296 income- income $2_7,oo9 deductions $250,089- 66,839 67.947 270,058 259,449 $i:0,550 $182,142 $633,741 $460,847 $169,896 50,485 —_— stock 194°—12 Mos.—1948 32,330,409 $1,364,659 revenues exps. Income Net Dividends 1949—3 Mos.—1949 .32,428,659 453 : Oper. $119,410 Net -V. bid electric.—kwh._ Operating operating income Balance a of Operating income Guaranteed unconditionally on :____ —-— Offered—Halsey, May 5 offered $12,- on —: Sales Edison Co. of New York, Inc. issue . March— $580,335 253,834 . 169, to payment of principal and interest by Consolidated The $165,203 1,285,787 $624,135 income "Operating 000,000 general mortgage bonds, 3% as t$8,219 ' Gross V 1947 1,390,562 . 1948 $2,009,758 . 30,368 Non-operating . $57,089 . the' plan Lighting $557,478 CONSOLIDATED BALANCE 168, p. Net Westchester 668,895 135,71© 1—- oper. Earned Co.—Earnings— . 1929. p. 140,531 1821. in company . 190,399 45,200 contingent charges, i.e. capital fund, interest mortgage 4'/2% income bonds, sinking fund purposes. tDeficit.—V. 169, p. 1714. - from ry. transactions Upon consummation of the plan, the property and assets of Railways consist solely of those related to its transportation service, and there will be no holding company in the West Penn Electric System having a subsidiary company 'which itself has a sqbsidiary company. 221,098 for railway. from Total ; holding 151,782 $969,816 "$42,477 123,934 Wholesale will a 198,864 $322,711 general V Jan. Net Other — income Earns, the / : 44,173 $323,387 1,700,291 profitable level.—V. 169, p. 1714. which is Gross 150,000 1949—12 Mos.—1948 $1,379,318, ^$368,994 442,655 423,714 — owned • $818,034 2*7,041 railway__u_ oper. Net 22,415 company is volume with * ry< From $1,635,399 used or useful by Railways in rendering transportation service, together with the assumption by West Penn Electric of Railways' bond obligations, and the repurchase from Power by West Penn Electric of all of the 583,999 shares of common stock of Monongahela Power Co. 1 $133,847 300,000 & Co._ Wood E. Retail for not by Power. Net 1,000,000 14,002 Earnings certain $279,214 $641,342 , •, from Net $2,815,620 income Net Net company ; The plan provides for the reorganization of West Penn Railways including the distribution to West Penn Electric of Railways stock¬ holdings in West Penn $100,000 Co., 847 Provision compliance ments of Net Property, to proposing 276,791 $584,910 46,822 on from Gross — & $668,147 Interest deductions 107,666,000 kwh., an increase 105,582,000 kwh. for the corresponding three of the & Inc AND income Total company-and as 4,134 earnings Other 1948/ plan are $1,375,184 revenues Western Co.—Weekly Output— properties $1,094,825 188,952 sub¬ Plans Further Simplification— further underwriters Com- ' > Copeland Three Months Ended March 31— electric $312,799 84,445 —. corporate March— Gross Total Preferred the of Joined West Penn Electric $363,659 33,290 Western Ry. of Alabama the — $3.22 whose properties were recently has been elected a director. •acquired Power (including $7,955,180 $29,477,237 Years Ended March 31— Gross A., por 278,813 its income— electric.—kwh. Director, Etc.— Chairman 429,067 290,790 56,432 available other and Accounts Woolworth, 293,123 90,477 446,491 outstanding-. West Indies Sugar Corp.—New Norman 149,954 — income Net stock: shares 95,203 $650,636 24,696,703 income "Deficit.—V. Net ' stations of ■^ . $9,654,540 $10,029,49® "94,393 charges "Amount $1,435,741 612,000 ___ outstanding at end of» period.— average 169, years secure 26,661,617 deductions of Net common to 7,288,033 income Sales 440,030 outstanding during period- share of per shares On —V. number $1,835,'995 income—,— "Net -tOOO's Omitted) stock: common $896,715 accrls. deductions Net $1,875,771 $849,657 Outstanding at end of period—.- 8,193,495 $604,090 income- oper. requirements 901,088 440,030 ;_ Balance •Average 8,757,825 $840,232 Dr) income Fixed from the generating Pollock E. P. QUARTER Operating expenses and taxes. Shares served 7,778,301 income Gross Dr27,411 $1,289,687 preferred 2,838,563 The West Virginia Water Service on ry. Miecell. Net $2,776,859 deductions—i— income Dividends the numer¬ many Inc. $3,153,435 taxes— Sales of gas—-cu. Net of respectively, Kendall, Wm. $2,804,270 85,210 other $3,442,653 2,855.655 income (net Total 13,400 (Cr) gas $2,207,904 end for principal 1943—3 Mos.—1649 revenues — Non-operating 902,204 income Interest FOR Period End. Mar. 31— Net Other stock 1,000,000 Operating 998,260 natural - From Jan. 1— Harcld 11,108 taxes_— to Co.) Ry. 1949—3 M«s.—1948 $3,695,887 was Edison 62,239 ___ Federal for prov. 44,431 260,845 _ for STATEMENT Tidewater Southern 65,726 tax ry. INCOME and 1949—Mohth—1948 • expenses oper. rents Co. dispatcher them, Thomas ,048,668 adjustments operations—— to 991,156 169.550 $2,122,694 losses several by 250,000 918,703 411.025 ccsts„ Depreciation Property the 300,000 EARNINGS 1.404,182 —; conversion gas 348,489 SYSTEM . revenues other —V. 250;000 10 ,773,393 ——— Maintenance Amortiz_tion load L. $17 ,673,000 10,695,451 1,223,910 961,033 Northern Ry. Period End. Mar. 31— Other operated Equitable Securities Corp. l.OOO.OOo Gregory & Son, Inc._ 500,000 1943 - $18,162,318 1,386,054 — Sacramento Operating Operating Company. purchased Co & Merle-Smith— & 1,380,367 Equip, and joint facility : „■ —Earnings 12 Months Ended March 31— of of names Otis & Co Washington Gas Light Co. AmortizpHon Edison amounts • & income— CONSOLIDATED Net Lightl"g capital electricity of supplied irf major part Mullaney, Wells & Co. Operating Operation the central for are Consolidated several Julien Collins Dick 1,008,806 319,788 railway!— oper. (Incl. . Inc. Consolidated generating the System Halsey, Stuart & Co. Inc.$5,650.000 745. p. the "170,282 10,424,323 2,425,661 "836,000 shs. York, 1904 Hill included are New only), New Rochelle, Peekskill and Rye, and villages "throughout the county. The territory follows: $3.77 giving effect to a $510,867 write-down of product inven¬ tories during the quarter ended March 31, 1949, because of a decrease In the market value of products manufactured and marketed. No part of the earnings of the Devonian Co.,; in which Warren owns a 75% 125.000.000 greatest possible overall economy. Westchester company has no electric and • interest, ry, )12,000,000 BUSINESS—Westchester UNDERWRITERS—The $59,229,564 — 264,645 8,728,342 $7,790,000 •1 Consolidated stations of $73,301,379 _—_ 322,073 9.490,423 Ry. payroll tax accruals Ry. inc. tax accruals.— Outstanding gas and Westchester 1948 taxes—"6,308.203 after per "After < 1949 623,216 9,111,3G7 railway "Deficit. All Nov. Inc., *$3,151,412 65,152 the gas unit own. (& Subs.)—Earnings— 9 Months Ended March 31— Net from Net Ry. par)— 1946 550,919 Net rev. fx! ry. opers.— 1967( Open-end j mortgage 1979 1947 $3,085,303 615,335 income— oper.- from Net the $10,000,000 1967, due July 1, 1948 $3,251,943 849,056 Prom Jan. 1— of bonds, The Warren Petroleum Corp. ry. Earnings— 1949 railway railway from Net 53 $3,4^5,493 from Net more price company is a public utility operating company manufacture, purchase, transmission, distribution and in the County of Westchester, except the Towns of Somers, in the as ' 169, p. 540. nor by the Westchester company comprises approximately 350 square miles and contains a population of approximately 600,000. The Westchester company has one gas manufacturing plant. The gas production and storage facilities of the Westchester company and 13 Wks.End. 12Wks.End. '• in towns ous Period— 30 redemption a Salem, Lewisboro and Poundridge; and in the purchase, trans¬ mission, distribution and sale of 60 cycle alternating electric. current in the County of Westchester (except the City of Yonkers and the Towns of Somers, North Salem, Lewisboro and Poundridge) and in a small portion of the Borough of The Bronx, City of New York. The territory served includes the Cities of White Plains, Mount Vernon, $585,874 v gold by Consolidated New North 371,800 $393,253 ___. of Yonkers ' due owned sale of 162,021 248,795 ; Earned per common share— —V. 169, p. 1342. , 1, ser., engaged 54,427 162,510 1_ income_J_ ___; taxes connection company. The Westchester 1948 $9,872,206 for 50-year 1950 series, due May 1, "All Co. 31— _. and than as Gross mortgage bonds: Common Subs.)—Earnings— deprec. initial Authorized 1st 1,362,375 837,786 Months Ended March sale:; the - $2,644,983 3,003,286 (& less not on at maturity, the March— Gross incurred ORGANIZATION Depreciation : part, notice, their to at interim financing of company's construction program. The estimated ex¬ penses ($229,736) of the Westchester company in connection with the sale of the bonds, will be obtained from that company's general cash. 1821. Profit be'ore interest, Interest charges Net in prior redeemable are proceeds redemption of was organized Net time . Bonds 1979. Western Pacific RR. Co. Morgan Westchester 3'/2% Walworth Co. Fenner 101.099; & which the 1— railway Net from railway.____ Net ry. oper. income— —V. 1947 1°48 $2,182,86$ from Pierce, (2037) CAPITALIZATION 49 ■ railway.— oper, -Prom :. •. ,.. from from Gross 1, any time Virginian Ry.-Earnings- Net Corp., interest. York Co., .'I'l'V- ' , plus the New $179,822 77,1 net Lynch, Securities (aggregating $12,264,816) will be applied on July 1, 1949, at par, of $10,000,000 Westchester Lighting Co. general mortgage 100-year gold coupon bonds, 4%, due July 1, 2004, and toward the payment and discharge of open account indebtedness, aggregating $2,3(HV000 as of March 15, 1949, due and payable to" the Consolidated Edison to 1948 $91,131 Estimated prov. for Fed. and State income taxes Merrill CHRONICLE PURPOSE—The 1949 expenses Gross 101.71; Webster . 105.81 —V. & 101.509; FINANCIAL Stanley & Co., 1Q0.4519; White, Weld & Co., 100.4451. than . Ripley Beane, & depreciation.—V. ' • 169, income __ 169, p. 540. York Axle See Forge Co., York, Pa.- -New Name— Brandt-Warner Mfg. Co. above. 54 COMMERCIAL THE (2038) CHRONICLE FINANCIAL & CITY DEPARTMENT STATE AND BOND PROPOSALS AND NEGOTIATIONS ALABAMA Ala. Elk Note Sale—The $321,000 8th se¬ ries notes offered April 28 were awarded to the Chemical Bank & Co., of New York, and Asso¬ ciates, at 0.94% interest. Dated MSy 24, 1949. Due on Dec. 20, 1949. (P. County O. Greensboro), Sanitary District Bonds 000 Sold—An issue Sold — issue An Wood & Co., of Montgomery, and the Trust recently by George M. Co. of Georgia, of Atlanta, joint¬ ly, at a price of 100.763, a basis of about 2.136%. Due May 1, as follows: $1,000 in 1950, and from 1951 to 1961 inclusive. $2,000 Lowndes County (P.O. Hayneville), Ala. Warrant Sale—An account $159,- to the California Bank, of Los posed of George M. Wood & Co., An¬ " 1, as follows: $6,000 from 1950 to 1954 inclusive; $7,000, 1955 to 1959 inclusive; $8,000 from 1960 to $4,000 in 1967. 1966 inclusive, and Selma Housing Authority, Ala. Note Sale—The $424,000 9th se¬ offered notes ries awarded to the April 28 were Chemical Bank & Fairfield, Calif. Sale —The Bond bonds offered 1930—were on $85,000 3% May 3—v. 169, p. awarded to Bank the of America National Trust & Sav¬ ings Association, of San Francisco, at price a of 105.551. Sale are Tular& County (P. O. Visalia), Calif. Sch. Hope Dist., . Bond Offering—Gladys offered bonds of rate of net interest for the bonds check for 3% of principal for, payable City, is required. from 1950 Sale The — $849,000 19th series notes offered April 28 were awarded to the Chemical Bank & York, and Asso¬ ciates, at 0.94% interest, plus a premium of $11. Dated May 24, Due 1949. Dec; on 20, 1949. Sacramento County Housing A uthority, Calif. Denomination $500. 1, 1949. on June 1 from 1950 to inclusive. Principal and in¬ $1,500 1953 terest (J-D) payable at the County ciates, 1949. San bid bonds for, A 38th 28 Bank Co., of New York, as follows: Due 20, 1949; Sale—The Due on June 15 1960 to 1964 inclusive. Co., of New York, and Asso¬ at 0.94% interest, plus a premium of $14. Dated May 24, 1949. Due on Dec. 20, 1949. San Joaquin County Sch. DUsts. (P. O. Stockton), Calif. Bond bonds Sal offered 1930—were e—$760,000 school May 2—v. 169, p. awarded to the Bank of America National Trust & Sav¬ ings Association, of San Francisco, as follows: Lodi Dist. Elementary Due on June 15 from 1965 to 1969 inclusive. bonds. Due on June All of the bonds are dated June 1949. Denomination $1,000. Principal and interest (J-D) pay¬ rick, Dahlquist, Neff & Herrington, of San Francisco. Additional Mendocino CALIFORNIA Unified School Benicia Solano County District, (P. O. issue bonds offered May 2 were award¬ ed to R. H. Moulton & Fairfield), Calif. Bonds Sold—An Francisco, of $104,- 000 school bonds was sold to Dean bonds. from 1950 to Due on June 000 , 15. Due $5,000 from 1950 to 1953 inclusive, and $4,000 from 1954 to Sch. as 2%s. Bragg Union High price Bonds, at a follows: $112,000 as 2s; $98,000 as 2%s, and 70,000 as 23/4s. Burbank, Calif. Bond Sale—The $600,000 sewage & The Bank second of highest bidder America National was Trust Savings June 1 sive. Second for from l%s composed was 1950 to 1959 inclu- high bid of 100.755 made by a group of the American Trust 3s. Due on June 1950 to 1960 inclusive. $14,000 City Clerk, will receive sealed Due on June 1 from All of the bonds Moulton The & all Co., of San Security First Na¬ tional Bank of Los Angeles; Wil¬ liam R. Staats Co., Los Angeles; J. Barth & Co., Kaiser & Co., Lawson, Levy & Williams, and Schwabacher & Co., all of San Francisco; C. N. White & Co., Oakland, and Hannaford & Tal¬ bot, of San Francisco. The group a price of 100.099, a net in¬ terest cost of about 2.404%, for 1, 1949. Second high bid of 100.65 $8,000 2%s, and $14,000 3s was made by William R. Staats Co. . $24,000 2y>s. County School Districts (P. O. Redding), Calif. B nd Sal e—The $1,750,000 Shasta Union High School Dis¬ trict bonds offered April 27 were awarded to a syndicate composed o of the Bank of America National Trust & Savings Association, Blyth & Co., Inc., and R. H. Moul¬ ton & Co., all of San Francisco; Security First National Bank of Angeles; Heller, Bruce & Co., Francisco; William R. Staats Co., Los Angeles; J. Barth & Co., Kaiser & Co., Lawson, Levy & San . \ at a * & Trust Co., St. Commerce Bank ■ Dick¬ Louis, Laidlaw & Co., R. S. Co., Wood, Gundy & Co., 1 Co., all of New York, : & son - Mercantile- ' of composed group paid par for the bonds,, dated May 1, 1949 and The group are mature May on Due . 15, 122,000 2y4s./ Due June on 15 > 104,000 2y2s. Due on "June 15 from 1962 to 1969 inclusive. All of the bonds are dated June 1949. Denomination $1,000. Principal and interest (J-D) pay¬ 15, rett, Chairman, will receive sealed ; bids until 11 a.m. (DST) on May 13 for the purchase of $595,000 Series M-l" notes. Dated May 13, . fice. Legality by approved Due on opinion • of * Robinson, Robinson & Cole, of Hartford, will be furnished to the purchaser without charge. FLORIDA County Special Tax. Sch. Dist. No. 1 (P. O. Bunnell), Fla. Flagler school ; Details—The $75,000. Sale Bond bonds purchased the: by ?. Ranson-Davidson Co., on a bid re- :•■« fleeting a net interest cost of about 3.17%, as previously noted . in v. 169, p. 1275, were sold at a, price of 100.07, as follows: V from' $58,000 as 3s. Due on Jan. 1 ,1950 to 1957 inclusive. 17,000 3%s. Due as 1959. and >, Marion County (P. O. Ocala), Fla.* Offering—Ralph A. Potts, Executive that 1 in Jan. on * ^ ... „ : Director, - announces ; bids will be received i sealed office the of Board State at the of Administration, in Tallahassee,; 9:45 a.m. on May 24 for the " < until purchase of ceed interest of¬ 3% 1949. $200,000 not to ex¬ Marion County Dated nomination July 1949. 1, $1,000. be interest to of Rate 1955. series of De¬ Due July 1,; bonds, refunding ex¬ pressed in a multiple of y4, 1/10 or 1/20 the 1%. ; Principal and COLORADO . 1950. The May 18, approving -SBA rick, Dahlquist, Neff & Harring¬ ton, of San Francisco. ' „ 1949. Or- able at the County Treasurer's Authority, Conn. Note Offering—William J. Bar¬ Bond from 1952 to 1961 inclusive. ; , ' Norwich Housing 1958 June on 1950 to from 1 inclusive. 1969 1950 and 1951. • (J-J) payable at the Flor¬ Housing Authority (City and County), Colo. ida Sale—The Note bonds, payable to order of the State Board of Administration,;. 25th $1,252,000 series notes offered April 28 were awarded to Salomon < B r o s. & National ville. of Bank cashier's A Jackson¬ 2% : for check of the is required. Legality approved by Hutzler, of New York, at 0.93% Caldwell, Marshall, Trimble interest, plus a premium of $16. Mitchell, of New York City. Bonds Dated May 24, 1949. Due on Dec.. are full faith and credit obliga¬ tions 20, 1949. Greenwich Housing Authority, Authority, Conn. Sale—The $2,000,000 48th series notes offered awarded Bank & the to April 28 Central Trust Co., of were Hanover New York, follows:- 500,000 at 0.94% interest, plus a premium of $10., .. . 24, 1949. Due on Dec. 20, 1949. Additional Sale—The $2,294,000 on above 48th series notes offered date were awarded ical Bank & Trust to the Chem¬ Co., of New York, and Associates, at 0.94% in¬ terest, plus a premium of $41.67. Dated May 24, 1949. Due on Dec. 20,1949. - Offering—Ralp Bond - Fla. A. Potts, Executive Director, that bids will be received, at sealed of office the announces, State the Board' Tallahassee, May 24 for the of Administration, in until 9:45 a.m. purchase of on $395 000 to not ex-> County- interest Orange ceed 3% SBA refunding bonds, series 1949.' Dated $1,000. July 1, 1949. Denomination-. Due July 1, as follows:: $195,000 in 1972, and $200,000 in; interest to of Rate 1973. be ex-; pressed in a multiple of y4, 1/10, or 1/20 of 1%. Principal and' payable at the First interest (J-J) $1,500,000 at 0.93% interest, plus a premium of $30. Dated May fur¬ of the are pledge a Orlando), Dem- R. ing, Chairman, will receive sealed bids until 11 a.m. (DST) on May 11 for the purchase of $309,800 Series M-2 notes. Dated May 17, 1949. Due on Aug. 17, 1949. The approving opinion of Robinson, Robinson & Cole, of Hartford, will be furnished to the purchaser at the expense of the Authority. Note by Orange County (P. O. Offering—John Hartford Housing county and county's distributive share of the State's gasoline tax. • Connecticut Note the of secured ther CONNECTICUT as Shasta The $1,689,000 — 169, p. 1930—were purchased private sale on April 29 by the bonds as follows: dated June are for Los Oceanside, Calif. Bond Offering—John H. Landes, 1 from 1961 to 1964 inclusive. as & Savings Association, San Fran¬ Association, of cisco, for $191,000 as 2%s, and San Francisco, as l%s, at a price $84,000 as 2%s, at a price of 100J5, of 100.94, a basis of about 1.579%. and $196,000 as 2%s, and $84,000 Dated June 1, 1949, and due on as 2Vzs, at a price of 100.13. Trust follows: 8,000 23As. Dist; of 100.07, disposal bonds offered on May 3 —v. 169, p. 1929—were awarded to the Bank of America National follows: 280,000 Fort 1974 inclusive. -_V;T as ings Association, of San Francis¬ co, at a price of 100.086, a net in¬ terest cost of about 2.854%, as Co., of San Fort Bragg Union Sch. Dist. bonds, at a price of 100.08, as follows: $112,000 as 2s; $98,000 as 2V2S, and $65,- — Francisco; 15 of America National Trust & Sav¬ e v. interest 1966 inclusive. 1 a composed of the Bank of America National Trust & Savings Asso¬ 135,000 Manteca Elementary Sch. $275,000 Witter & Co., of San Francisco, on April 4. These bonds were author¬ ized at the election held on Feb. * County Sch. Dists. (P. O. Ukiah), Calif. Bond Sale—The $555,000 school Sale $250,000 Anderson Union High School Dis¬ trict bonds also offered on April 27 were awarded to a syndicate — Little County Treasurer's of¬ Legality approved by Or- fice. Denver Dist. S school bonds for which no bids were received on April 26— 15, 15 — Co., of price of 100.30. . Sch. — a Bond 1.60% which from 1950 to 1969 inclusive. . on California Bank of Los Angeles. from paid $1,337,000 13th Manchester), (P. O. Connecticut ciates, a premium of $10. 500,000 at 0.94% interest, plus a premium of $10. 1949. Note $625,000 1949 $500,000 at 0.93% interest, plus 24, Dec. Trust over Trust on plus a May 24, Dated series notes offered April 28 were awarded to the Chemical Bank & awarded to the Central Han¬ & Due interest, $19. Authority, Calif. Chairman of the Board of Super¬ Sale—The of Bernardino County Housing the to payable 0.94% at premium certified office. Chemical Bank & Trust Co. of New York, and Asso¬ Manchester " and Rand & H. Note Sale—The check for 5% of the amount of the Treasurer's Due on June 15 from 1953 to 1959 inclusive. ciation, Blyth & Co., Inc., and R. Dated June 15, 1949. j Manhattan Beach, Calif. July T from 1950 to 1969 in¬ Additional Sale The $23,000 clusive. The second highest bidder Bond Sale The $200,000 series Lockeford Sch. Dist. bonds offered was Boettcher & Co.; Refsnes, Ely, No. 2 water works bonds offered on same date were awarded to a Beck & Co., and Barcus, Kindred Dated June May 3 — v. 169, p. 1822 — were local investor. 15, & Co., jointly, on a bid reflecting awarded to the Bank of America 1949. a net interest cost of about 2.72%. National Trust & Savings Associa¬ Santee School District, San Diego tion, of San Francisco, as 2y2S, at County (P. O. San Diego), ARKANSAS a price of 100.139, a basis of about Caiif. 2.486%. Dated May 1, 1949- and Arkadelphia, Ark. Bond Sale The $22,000 school Bond Sale—The $200,000 sewer due $10,000 on May 1 from 1950 to bonds offeredMay 2—v. 169, p. revenue bonds offered April 19 1969 inclusive. Second high bid of 1930—were awarded to the Bank were awarded to the W. R. Ste¬ 102.038 for 23/4s was made by the Investment to able at the Housing Authority, on phens on June 15 1952 inclusive. Due 609,000 l3/4s. the amount of bonds bid .to the awarded to the Due Savings Bank & Trust Co., of Cincinnati, jointly, on a bid re¬ Dated May flecting a net interest cost of about Dec. 20, 1949. 2.70%. Dated Jan., 1, 1949. Due Rock, at follows: as $260,000 43/4s. A certified June dena • a 440,000 2y4s. of the City. expense $358,000 9th se¬ ries notes offered April 28 were 1929—were awarded to *7 price of 110.119, a cost of about 2.111%, paid furnished to the purchaser at the purchase of $6,000 not to exceed 5% school bonds. Dated 10 for the 2—v. 169, p. the Pasa¬ May group 440,000 2s. Stewajrt, 38th series notes offered April series interest and Co., of Oakland, and Hannaford Talbot, of Sari Francisco. The interest, expressed in multiple of J/4 of 1%. The ap¬ proving opinion of O'Melveny & Myers, of Los Angeles, will be County Clerk, will receive sealed bids until 10 a.m. (PST) on May were improvement, Principal Trust Co., of New Authority, Ala. were 8th se¬ awarded to the Chemical Bank & ries notes offered April 28 were Trust Co., of New York, and Asso¬ awarded to the Chemical Bank & ciates, at 0.94% interest, plus a Trust Co., of New York, and Asso¬ premium of $81.96. Dated May 24, ciates, at 0.94% interest. Dated 1949. Due on Dec. 20,' 1949. May 24, 1949. Due on Dec. 20, 1949. Additional Sale—The $1,000,000 tal from (M-N) payable at the City Treas¬ office. Bidders to name Note dated Dec. $4,600,000 series notes offered April 28 (P. O. Globe), Ariz. $300,000 hospi¬ $5,000 on California Note Sale—The $162,000 County Due inclusive, and $2,000 Sacramento 1, 1948. Note Bond Sale—The $1,000. follows: as 1956 1957. con¬ $52,000 water system bonds. 18,000 sewer system bonds. 15,000 fire equipment bonds. 1949. Gila 1, 5% Dated urer's sisted of: Asso¬ visors, is required. ciates, at 0.94% interest. Dated Los Angeles County Housing May 24, 1949 and due on Dec. 20, Authority, Calif. ARIZONA exceed a Trust Co., of New York, and Tarrant Housing in 100.11. of c*" to bonds. 1950 to the of Montgomery, and the Trust Co. Georgia, of Atlanta, recently purchased an issue of $125,000 2y4% Board of Education school warrants at a price of 99.64, a basis of about 2.286%. Due May & geles, and Juran & Moody, of St. Paul, jointly, as 4s, at a price of All of the bonds com¬ & May of sanitary bonds has been sold of $23,000 2y4% Board of Education school warrants was purchased interest May 1, 1949. not Denomination Alabama Warrants Williams, and Schwabacher & Co., all of San Francisco; C. N. White" sewer (P. O. Sacramento), Calif. Trust Hale Grove Sacramento County bids until 7:30 p.m. (PST) on May 11 for the purchase of $37,000 Co., San Francisco; Weeden & Co., and Dean Witter & Co. Dothan Housing Authority, National Bank of cashier's check for bonds, payable State Board required. Caldwell, Mitchell, are full tions there Orlando. A 2% of the; order to the of of Administration, is. by* approved Legality Marshall,r Trimble of faith of the York. New and credit obliga-* county and secured by - Bonds a are county's distributive share of State's gasoline tax. fur- pledge of the*' the- . Volume 169 THE Number 4801 < GEORGIA V equipment purchase bonds. Dated May 1, 1949. Denomination $1,000. Atlanta, Ga. ■ Due Certificate Offering—B. Graham West, City Comptroller, will ceive sealed (EST) bids until 1 from to 1966 a.m. on Randolph County School District No.. 77 (P. O. Chester), III. registered, Series 1949 certificates.. Dated May 1, 1949. Denomination $1,000. Due on May as .follows: $25,000 in 1950; $20,000 in 1951 and 1952; $40,000 in 1953;; $41,000 from 1954 to 1963 coupon, or Sold—An Bonds . issue of $400,- 000 school bonds has 2Y2S, at a about of Chicago, as price of 100.46, a basis 2.45%. 1949. of the the City Treasurer agent of the fiscal in New York City, ing opinion The City approv¬ of A certified Will ' check for $15,000, payable to the City, is required.. y.;v.;. j • C ries offered notes April 28 se¬ were County Sch. Dist. No. 84 (P. O. Rockdale), III. tion, will receive sealed bids un¬ til 7:30 p.m. (CST) on May 9 for the purchase of $125,000 not to ex¬ ceed 4%; interest coupon building Housing Authority, Ga. Note Sale—The $478,000 .5th Chicago, III. Certificate Offering—R. B. Upham, City Comptroller, will re¬ ceive sealed (DST) chase 3% of until 17 11 a.m. the for pur¬ $3,000,000 not to exceed interest water works certificates revenue Dated ness. bids ; May on June of system indebted¬ 1, 1949. De¬ Due $1,000,- nomination $l,000.s COO on June 1 from. 1964 to 1966 inclusive. Bidders to name tlie , rate of interest; expressed in a Principal and interest (J-D) payable at the City Treasurer's office, or at the multiple of office of 1%. the of fiscal . of agent the City in New York City. The ap¬ proving opinion of v Chapman & Cutler, of Chicago, will be fur¬ nished City. to A the purchaser by the check for.. 2% certified of the par value of the certificates, payable to the City Comptroller, is required.; ■>-y ? •* 'T;T.. v 'v "-J" V;, Cook County > ■ (P. OJ C; Chicago), III. -y'' Bond Offering — J. Michael Flynri, County Clerk, will receive sealed bids Until 10 a.m. (DST) on May 17'for the purchase of $5,250,000 2% coupon bonds, divided follows: as ■■ ■?, yyfy. v.; ^ ; o;j $1,750,000 county home bonds. Y ' Due Dec. 1, 1957. $1,575,000 redeemable - trued - June at and $175,000 par interest, 1 from clusive, or 1949 on to acon in¬ 1957 p- - ... ,v;; , , . ■, crued interest, -v<; $350,000 June 1, 1949 to 1957, on date ; •; ....... Dated Dec. 1, 1947. Denomina¬ tion $1,000, Principal and interest (J-D) payable at the office of the . County Treasurer'.' The approving opinion of Chapman & Cutler, of Chicago, together with the printed bonds,. will be furnished to the purchaser by the County. A certi¬ fied check for $75,000, payable to the County Treasurer, is required. ' • ;" . -;v .• : •'' ■ * Jo Daviess ! County (P. O. Galena), III. - V . , * Bond Sale Details—The $500,000 purchased by the syn¬ dicate headed by the Milwaukee . road bonds Co., of Milwaukee, on a bid flecting a net. interest 'cost re¬ of check for Bo nd Hesse, Offering City — $500, payable to the Edwin H Clerk, Sale—The Bond build¬ ing bonds offered April 28—v. 169, p. 1715—were awarded to the La-^ Fontaine Bank, as iy2s, at a price of 100.65, a basis of about 1.29%. Dated May 1, 1949. Due on July 1 from 1950 $23,000 The inclusive. 1954 to second highest bidder was Indian¬ apolis Bond & Share Corp., In¬ dianapolis, for lV2s, at a price of 100.22. Bond Offering Marjorie Blue, — City Clerk-Treasurer, will receive sealed bids until 10 a.m. (CST) on May 13 for the purchase of $350,000 not to exceed 3% interest sealed bids until 2 p.m. Clarksville - Bond Sale—The $130,000 build¬ ing bonds Offered March 4-L-v. 169, p. 952—were awarded to Raffen- building bonds. Dated March 1, 1949. Denomination $1,000. Due $5,000 on July 1, 1950, and $5,000 on Jan. 1 and July 1 from 1951 to Jan. 1,1960 inclusive. Hughes & Co., of Indian¬ Bidders to name Jhe rate of in¬ 2V4S, at a price of 100.terest, expressed in a multiple of basis of about 2.199%. The approving opinion Dated Feb. 1, 1949 and due semi¬ *4 of 1%. of Ross, McCord, Ice & Miller, of annually from July 1, 1950 to July Indianapolis, will be furnished to 1, 1969. the purchaser at the expense of Hamilton County (Pi O, y :y; the School Township. A certified Noblesville), Ind. y check for $5,000, payable to the Bond Offering Charles S. School Township, is required. apolis, 539, ,a as Crooks, County Auditor, will re¬ ceive ; sealed bids until 10 a.m. (CST) on May 18 for the purchase of $700,000 not to exceed 3% in¬ ter e s t hospital of 1949 bonds. Dated June 1, 1949. Denomination $1,C00. Due $18,000 * on July 1, 1950;.$18,000 on Jan. 1 and July 1 from 1951 to IOWA v."- Bonds Boone, la. and Certificates - . at a price of 100.059, a Bond and May City, Ky. Sale—The sewer $90,000 3—v. 169, Louisville, at 1948. as to Sold— 1962 to The 1952 on inclusive, Nov. on are 1965 made Moines. inclusive about Mayes, Bidders to name the interest, approving opinion; of Ross, McCord, Ice & Miller, of Indian¬ apolis, will be furnished to the purchaser at the expense of the sealed receive (CST) on bids until 2 p.m. May 16 for the purchase of $100,000 building bonds. Legal¬ ity to be approved by Bannister, will be 3.109%, or Carpenter, Ahlers & Cooney, of Des Moines. .... . Keokuk, Iowa A certified check for 3% bonds, payable to the Coun¬ ty Board of Commissioners, is re¬ L•. Bonds Sold—An issue of is re¬ Clerk, — S. Jordan will receive 7:30 p.m 10 for the water revenue bonds. ; Dated May 1949. Denomination $1,000. Due May 1, as follows: $1,000 in 1952 to 1954, $2,000 in 1955 and 1956, $3,000 in 1957 to 1960, $4,000 1, in 1961 to 1964, $5,000 in 1965 to 1969, and $6,000 in 1970 to 1974. Bonds maturing in 1960 to 1974 are to be optional for redemption by the City prior to maturity in the inverse order of their matur¬ ity on on or interest payment date May 1, 1959, upon any after terms of par and accrued plus interest, redemption-premium of 3% principal. Bidders to name a of the the rate of interest, expressed in multiple of % of 1%, Interest M-N. ; The approving opinion of Chapman & Cutler, of Chicago, a will be furnished and paid for by the City.;- A certified check for $1,800 is required. University of Kentucky (P. O. Lexington), Ky. . Bond Offering—Frank D. Peter¬ Secretary of the Board of Trustees, will receive sealed bids until 11:30 a.m. (CST) on May 11 for the purchase of $47,500 not to son, exceed 3^4% interest dormitory bonds. Dated May 1, 1949. Denomination $500. Due May 1, revenue follows: $1,500 in 1950 to 1974, $2,000 in 1975 to 1979. Subject to redemption at the option of the Board of Trustees, as a whole, or as and from time to time in part, in the numbering, any interest payment date, at face value, plus accrued interest and a premium of 3%, If redemp¬ tion is prior to May 1, 1954; 2%, if redemption is on or after May 1, 1954, but prior to May 1, 1959, and 1%, if redemption is on or after May 1, 1959, but prior to May 1, 1964. If redemption is ef¬ fected after May 1, 1964 no pre¬ inverse order of their on mium will be payable. Principal (M-N) payable at the Trust Co., Lexington. Security a Bond Offering—Phil J. Thorny, will receive sealed bids until % p.m. (CST) on May Clerk, the purchase of $3,000,000 light and power revenue coupon bonds. Dated Dec. 1, 1948. Denomination $1,000. Due June 1, as follows: $50,000 in 1953, $55,000 in 1954 and 1955, $60,000 in 1956, $65,000 in 1957, $70,000 in 1958, $75,000 in 1959, $80,000 in 1960, $85,000 in 1961, $90,000 in 1962, electric $95,000 in 1963, $100,000 in 1964, name est, expressed in 1%. the rate-of inter¬ a multiple of Vi The approving opinion of Chapman & Cutler, of Chicago, together with the printed bonds, will be furnished to. the purchaser at the expense of the Board of Trustees. A certified check for $1,000, payable to the University, is required. LOUISIANA by an account composed of Reusch & Co., and Pohl & for City, (CST) purchase of $90,000 not to exceed 4% interest May on was Henderson, Ky. 23 City sealed bids until Morgan Bond City 2, Perryvillep Ky. Co. v.-v Fox, of the to Bond Offering of dated May 1, maturing from $30,000 3s and $60,000 cost Nov. on certified check for $60,- Bidders to ; Nov. 1 from 1966 inclusive. bonds to about 1 from Due 1949 and those net • will bear 1959 1, and interest 1961 3&S.V Due 50,000 of follows: $40,000 3s. 1950 cost A 000, payable quired. : 1954 expressed in a multiple of Vs of 1%. Interest J-J, County. 1931—were p. Co., price of 101.10, a interest net a 3.079%, $137,000 bonds and cer¬ sold on April 11 to the Carleton D. Beh Co., of Des inclusive; $18,Cleghorn Con. Sch. Dist., Iowa 000 on Jan. 1 and $20,000 on July Bond Offering — Lawrence E. 1, 1965, and $20,000 on Jan. 1 and Goodrich, District Secretary, will July 1 from 1966 to Jan. .1, 1969 of water bonds offered revenue awarded to the Bankers Bond of tificates was June ized at the election held net interest KENTUCKY Central An issue of quired. to the Harris Trust & Savings Bank, of Chicago, and the SmallMilburn Co., of Wichita, jointly, callable, in inverse numerical or¬ der, beginning on Nov. 1, 1951. Vv ; Second high bid of 101.08 for public auction to Halsey, Stuart & Co. Inc., as 2s, at a price of 101.10, interest fire $300,000 Memo¬ Hospital bonds offered April 29—v. 169, p. 1823—were awarded . not 4% % Bond Sale—The school School Town (P. O. Jeffersonville), Ind. v * and interest at the rate of 2^%. Bid¬ ders to name th6 rate of interest, expressed in a multiple of Vs of White-Phillips Co., of 1%. Principal and interest pay¬ Davenport, as 23/4S, at a price of able at the office of the City 100.533. Vieth, Duncan & Wood of Treasurer. The approving opin¬ Davenport, was next high bidder, ion of Chapman & Cutler, of Chi¬ offering 100.50 for 2%s. cago, and of Wyatt, Grafton & KANSAS Grafton, of Louisville, will be furnished to the purchaser by the Arkansas City, Kan. City. These bonds were author¬ (CST) on $170,000 airport bonds has been sold at exceed 21/4%; bonds maturing June 1, 1958 — electric of the to Sale sold to the rial Ind. will receive (CDT) on May 9 for the purchase of $15,000 sealed bids until 7 p.m. Cheer, Iowa The $15,000 water system bonds offered at auction on May 3—v. 169, p. 1931—were v:,yy\v;:': Peru, of What Bond may The ; ' , Y?"" -.'"v rate O'Fallon, III. Liberty Twp. Sch. Twp. (P. O. LaFontaine), Ind. 20 for the purchase of $100,000 not to exceed 4y2% interest inclusive. were ; Y w and ly noted in y. 169, p. 1715, sold at a price of 100.03. in 1965, $110,000 in 1967, $120,000 in 1969, $130,000 in 1971, $140,000 $145,000 in 1973, $150,000 - School Township, is required. 55 $105,000 $115,000 $125,000 $135,000 . about 1.44%;. for $200,000 as l%s, $300,000 as l%s,<as previous¬ Nov. 1, as follows: 1951 and 1952; $8,000 on JV'yy , sperger, or interest v payment thereafter.. V >' >\ any on basis of about 1.90%. Dated Feb. 1, 1949. Due — interest any payment date thereafter. 3,500,000; county hospital bonds. Due on Dec, 1, 1957. $3,1.50,000 redeemable at par and ac- ; a cost of about 1.749%, as follows: utility revenue of 1949 $45,000 5s. Due on May 1 from coupon bonds. Dated June 1, 1949. '1950 to 1952 inclusive. as follows: $5,000 from 1950 to Denomination $1,000. Due $11,000 105,000 l%s. Due on May 1 from 1954 inclusive; $6,000 from 1955 Jan. and July 1, 1951 to 1965, and 1953 to 1959 inclusive. to 1957 inclusive; $7,000 from 1958 $10,000 Jan. and July 1, 1966. Reg150,000 13/4S. Due on May 1 from to to 1960 inclusive; $8,000 from 1961 isterable-as principal. The 1960 to 1969 inclusive. to 1963 inclusive; $9,000 from 1964 bonds maturing on and after Jan. All of the bonds are dated May to 1968 inclusive, and $10,000 in 1, 1955, shall be redeemable at the 1, 1949. ; 1967. These bonds were author¬ option of the City on July 1, 1954, Paola, Kan. ized at the election held on March or any interest payment date Bonds Sold—An issue of $25,000 5, 1949. Principal and interest (J- thereafter, in their inverse nu¬ D) payable at a bank to be agreed merical order, at face value, plus airport bonds has been sold to the upon by the purchaser and the the following premiums: 5% if re¬ Citizens State Bank, of Paola. Board of Education. Bidders to deemed on July 1, 1954, or there¬ These bonds were authorized at name the rate of interest, the election held on Sept. 21, 1948. ex¬ after on or before July 1, 1959; 3% pressed in a multiple of Vi of 1%. if redeemed on Jan. 1, 1960, or Wichita, Kan. The approving opinion of Chap¬ thereafter prior to maturity; plus Bond Sale The $2,057,114.60 in each case - accrued interest to man & Cutler,, of Chicago, will be date fixed for delivered to the purchaser at the the redemption. bonds offered May, 3—v. 169 p. expense of the District. A certi¬ Bidders to name the rate of in¬ 1931-—were awarded to a syndi¬ fied check for $1,500, payable to terest, expressed in a multiple of cate composed of J. P. Morgan & the Township * School. Treasurer, Vs of 1%; ..Principal and interest Co., Inc., New York, Stern Bros. is required.- <■.; (J-J) payable at the Wabash Val¬ & Co., of Kansas City, Ira Haupt ; •: -'.'y c Y; ley Trust Co., Peru. The approv¬ & Co., Andrews & Wells, Inc., JNDIANA K ing opinion of Ross, McCord, Ice both of New York, Soden-Zahner & Miller, of Indianapolis, together Co., Lucas, Eisen & Waeckerle, Anderson Twp. Sch. Twp. (P. O. of Kansas with the printed bonds, will be both City, Breecroft, Anderson), Ind. ;,y furnished to -the-purchaser -at the' Cole &* Co., of Topeka, and the Bond Offering — Russoll Welch, Co., of expense of the City. A certified Lathrop - Hawk - Herrick Trustee, will receive sealed bids check for $5,000, payable to the Wichita, as l%s, at a price of until 4 p.m. (CST) on May 24 for 100.54, a basis of about 1.27%, as City, is required, . the purchase of $130,000 not to ex¬ follows: Prairie Township (P. O. ceed 3% interest building Of 1949 $445,000.00 general improvement bonds. Dated March 15, 1949. De¬ Atwood), Ind. 1 ; ; police and fire building nomination $1,000. Due $5,000 on Y Bond Sale—The $11,000 build¬ bonds. Due on Sept. 1 from July 1, 1950, and $5,000 on Jan. 1 ing bonds offered May 3—v. 169, 1950 to 1954 inclusive. and July 1 from 1951 to Jan. 1, p. 1823—were awarded to Raf150,000.00 general improvement 1963 inclusive. Bidders to name fensperger, Hughes & Co., of park bonds. Due on Sept. 1 the rate of interest, expressed in a Indianapolis. Dated March 1, 1949, from 1954 to 1957 inclusive.; multiple of }k of 1%. Interest J-J. and due on Jan. 1 from 1951 to 1,462,114.60 internal improve¬ The approving opinion of Ross, 1960 inclusive. ment, curb, gutter, paving and McCord, Ice & Miller, of Indian¬ Wayne Twp. Sch. Twp. (P. O. sewer bonds. Dut on June 1 apolis, will be furnished to the Richmond), Ind. from 1951 to 1959 inclusive. purchaser at the expense of the Bond Offering — Harry Arm¬ Dated May 1, 1949. School Township. A certified strong, Trustee, will receive awarded to the Chemical Bank & bonds. Dated May 1, 1949. De¬ Trust Co., of New York, and Asso-; nomination $1,000. Due on Dec. 1, ciates, at 0.94% interest. Dated May 24, 1949. Due on May 26, (2339) in 1966, in 1968, in 1970, tary disposal plant improvement $7,000 in bonds offered May 3—v. 169, p. from 1953 to 1957 inclusive; $9,000 in 1972, 1931—were awarded to the First from 1958 to 1961 inclusive; $10,in 1974, National Bank, of Chicago, as 000 from 1962 to 1964 inclusive; $155,000 in 1975, $165 000 in 1976, iy2s, at a price of 100.03, a basis $12,000 in 1965 and 1966, and $13,- $170,000 in 1977, $175,000 in 1978, of about *1.49%. Dated May 23, 000 in 1967 and 1968. Legality ap¬ and $180,000 in 1979. Bonds ma¬ 1949. Due on July 1 from 1950 to proved by Chapman & Cutler, of turing June 1,1953 to June 1, 1969 inclusive.' 1957 will bear interest at the rate Chicago. ■ Offering—John Kanhiker, Secretary of the Board of Educa¬ Southwest Georgia Regional CHRONICLE .Indianapolis Sanitary Dist., Ind. Bond Sale—Hie $140,000 sani¬ Bond ' \ follows: ■ will be furnished to the purchaser Without cost. as 1953; $15,000 1954; $20,000 from 1955 to 1959 inclusive; $25,000 from 1960 to 1966 inclusive, and $30,000 from 1967 to 1969 inclusive; Legality approved by Charles & Trauernicht, of St. Louis. ;,Y'C.. V"'"' V ' Spalding, Sibley, & JCelley, of Atlanta, Troutman 1, in at or on Feb. 15, $10,000 in 1952 and fice Due Dated March to 1969 inclusive. Principal and interest .(M-N) payable at the of¬ FINANCIAL & been sold to John Nuveen & Co.; of inclusive, and $40,000 from 1964 •i 1952 The approving opinion of Charles & Trauernicnt, of St. Louis, will be furnished. re¬ 11 Jan. on inculsive. May 16 for the purchase .of $755,00Q 2%% water revenue •; COMMERCIAL City, La. Sale—The $210,000 water works improvement bonds offered April 28 w^re awarded to a group composed of Weil & Co., Newman, Brown & Co., and Nusloch, Baudean & Smith, all of New Orleans, at a price of 100.07. MASSACHUSETTS Beverly, Ma*s. Bond Sale—The $100,000 cou¬ pon sewer bonds offered May 4— 169, 1931-r-were awarded to v. p. Paine, Webber, Jackson & Curtis, and Robert Hawkins & Co., both 56 THE (2Q40) of Boston, jointly; as lYzs, at a price of 100.976, a basis of about 1.315%. Dated May 1, 1949 and due on May 1 from 1950 to 1959 inclusive. Second high bid of 100.839 for 1 % s was made by the First National Bank of Boston* COMMERCIAL & FINANCIAL Lot A $300,000 nomination Fall River Harbor Ter¬ minal Facilities loan, 1945, chapter 308, Acts of 1947, coupon bonds. Dated April 1, 1949. Due $30,000 on April 1 and from 1950 to 1959 inclusive. Lot B Billerica (P. O. Box 196, Ifitterica), Mass. 33/4s, at - inclusive. Thorndike, Palmer ' 8c Dodge, 'of Boston, will be furnished to the purchaser.. Delivery of the bonds will be made at the First National Bank of Boston, on or about June 1, 1949. ' Bristol County (P. O. Taunton), Mass. Note Kil- Offering—Ernest W. County roy, sealed ceive will Treasurer, until bids 10 re¬ a.m. (DST) on May 9 for the purchase $600,000 notes. Dated May 10, Denomination $25,000. Due on Nov. 15, 1949. The approving opinion of: Ropes, Gray, Best, Coolidge & Rugg, of Boston, Will of 1949. ; $1,000. Due on Feb. follows: $47,000 from 1950 to inclusive; $48,000 in 1956 and 1957; $49,000 in 1958; $90,000 from prior to July 1, 1958. $15 on each bond called for redemption on or after July 1, 1958, but prior to July 1, I960* $10 on each bond 1959 to 1968 inclusive, and $141,- called for redemption on or after 000 from 1969 to 1978 inclusive. July 1, 1960, but prior to July 1, Principal and interest (F-A) pay¬ 1962. $5 on each bond called for able at the current official bank redemption on after July 1, 1962; of the City, in New York City, or but prior to July 1, 1964. No pre¬ Chicago, or at the office of the mium shall be paid on bonds City Treasurer, at the option of called for redemption on or after •the bidder. Bidders to name the July 1, 1964. Bidders to name the rate or rates of interest, expressed rate of interest, expressed in a in a multiple of. Ya of 1 %. The multiple of Ya; of 1%. Principal approving opinion of Miller, Can- and interest (J-J) payable. at a field, Paddock & Stone, of De¬ bank or trust company to be des¬ troit, wiU be furnished to the pur¬ ignated by the purchaser. The ap¬ chaser. A certified check for 2% proving opinion of Miller, Canof the par value of the bonds* field, Priddock & Stone, of Detroit, will be furnished to the purchaser payable to the City, is required. and - Summerfield Townships, i ■ Fractional School District 3,500,000 Boston Harbor Facilities No. S (F. O. Dundee), loan, 1945.(Chapter 619, Acts of 1945, and Chapter 545, Act ' j Michigan Bond Offering — E. C. Waterof 1948), coupon bonds. Dated stradt, Secretary of the Board of June 1, 1949. Due $175,000 on Dec. 1 from 1949 to 1968 incl. Education, will receive sealed bids until 8 p.m. (EST) on May 11 for 500,000 Metropolitan Sewerage the purchase of $375,000 not to ex¬ loan-North System (Chapter ceed 4% interest school coupon 705, Acts of 1945), fully reg¬ bonds. Dated May 1, 1949. De¬ istered bonds. Dated March 1, nomination $1,000. Due on April 1949. Due $25,000 on March 1 1, as follows: $20,000 from 1950 to from 1950 to 1959 inclusive. 1954 inclusive; $25,000 from 1955 1,500,000 Metropolitan Sewerage to 1959 inclusive, and $30,000 from loan-South System (Chapter 1960 to 1964 inclusive. Bonds ma¬ ^ 705, Acts of 1945), fully regis¬ Dated March 1, tered bonds. 1949. Due $75,000 on March from .1950 to 1969 inclusive. be furnished. 1 turing April 1, 1955 to 1964 may be redeemed at the option of the District der Lot C on on or in inverse numerical any after or¬ interest payment date April 1, 1954, at par Dudley, Mass. $6,000,000 Metropolitan Additional and accrued interest to,, the date Water loan (Chapter 515, Acts fixed for redemption, plus a pre¬ Offering—George A. Groof 1946, and Chapter 575, Acts mium for each bond so redeemed melski, Town Treasurer, Will re¬ ceive sealed bids in care of the of 1947), coupon bonds. Dated as follows: $20 on each bond called June 1, 1949. Due $200,000 on for redemption prior to April 1, Day Trust Co., of Boston, until 11 a.m. (DST) on May 9 for the pur¬ Jan. 1 from 1950 to 1979 incl. 1956. $15 on each bond called for chase of $144,000 sewerage loan, Denomination $1,000. Bidders to redemption on or after April 1, Act of 1948 coupon notes. Dated name the rate of interest, ex¬ 1956, but prior to April 1, 1958. May 1, 1949. Denomination $1,000. pressed in a multiple of 1/10 or Ya $10 on each bond called for re¬ Due on May 1, as follows: $5,000 of 1%. Principal and interest pay¬ demption on or after April 1, 1958, from 1950 to 1973 inclusive, and but prior to April 1, 1960. $5 on able at the State Treasury in Bos¬ $4,000 from 1974 to 1979 inclusive. ton, or at its fiscal agency in New each bond called for redemption on or after April 1, Bidders to name the rate of inter¬ 1960, but prior York City. The approving opinion est, expressed in a multiple of Ya of the Attorney-General, will be to April 1, 1962. No premium shall of 1%. Principal and interest pay¬ be paid on bonds called for re¬ furnished to the purchaser. A cer¬ able at the Day Trust Co., of Bos¬ tified check for 2% of the amount demption-on or after April 1, 1962. ton. Legality to be approved by bid for, payable to the Treasurer Principal and interest (A-O) pay¬ the Director of Accounts, Depart¬ and Receiver-General of the Com¬ able at a bank or trust com par y ment of Corporations and Taxa¬ designated by the purchaser. Bid¬ monwealth, is required. ders to name the rate of interest, tion, Commonwealth of Massachu¬ Walpole Housing Authority, Mass. expressed in a multiple of Ya of setts. Delivery of the notes will Note Sale—The $50,000 first se¬ 1 %. be made at the Day Trust Co., The approving opinion of Boston, against payment in Bos¬ ries notes offered April 28 were Miller; Canfield, Paddock & Stone Note Gloucester, Mass. Bond ceive Offering sealed (DST) • ,< — Emerson S. City Treasurer, will Laurie, until bids 11 of sidewalk May 11 for the pur¬ $110,000 Macadam and bonds. loan of 1949 Dated June 1, 1949. De¬ Due on June 1, as follows: $30,000 in 1950, and $20,000 from 1951 to 1954 inclu¬ sive. Principal and interest pay¬ the at Merchants . Boston. Bidders to name the rate of interest, expressed in a multiple of Ya of 1%. The ap¬ proving opinion of Storey, Thorn- Bank, bids at the office of the State officials decided to. reject all the dike, Palmer & Dodge, of Boston, Housing Board, 18 Tremont Street, bids Boston, until noon (DST) on May 12 for the purchase of $680,000 Second Series notes. Dated May not to exceed 3y2% interest school furnished the to pur¬ chaser. Notes «*.1 dated May 16, 1949., 19, 1949. Due on May 19, 1950. The Due on May 16, 1950. Principal approving opinion of Sullivan, and interest payable at the Sec¬ Donovan & Heenehan, of New ond National Bank of Boston. Le¬ York City," will be furnished to the gality approved by Sullivan, Don¬ purchaser without cost. ovan & Heenehan, of New York MICHIGAN city. are Hull, Mass. Bond Sale—The works * building 3—v. • 169, May Bridgeport Township Sch. Dist. (P. O. 3878 Sherman Street, Bridgeport), Mich. $122,000 public bonds offered p. 1932—were Bond May 15, 1949. Due on May 15 from 1951 to 1969 inclusive. Massachusetts Bond $375,- 2.49. bonds* offered Detroit, Mich. Offering—John N. Daley, Controller, will receive Bond Offering—John E, Hurley, City for the $100,000 May 3—v. 169, p. 1932. The decision resulted from conflicting statements in bond sale notices respecting the interest rate option. on Montague Township Con. Sch. Dist. (P. O. Montague), Mich. Bond District Offering — W. L. Lipka, Secretary, will receive (EST) on May 11 for the purchase of $160,sealed bids until 8 p.m. 000 not to exceed 4% interest school coupon bonds. Dated April 1, 1949. Denomination $1,000. Due $10,000 on July 1 from 1950 to 1965 inclusive. Bonds maturing in 1955 to 1965, may be redeemed at the' option of the District in in¬ verse (State of) Treasurer and Receiver Details—The building bonds purchased by McDonald-Moore & Co., of De¬ troit, as 2V2S, as previously noted in v. 169, p. 1824-^-were sold at a orice of 100.06, a basis of about and Coffin & Burr, both of Bos¬ ton, jointly, as 2s, at a price of 100.83, a basis of about 1.91%. Dated Sale 000 awarded to Hornblower & Weeks, submitted terest numerical order payment July 1, 1954, at date par on on in¬ after and accrued interest to the date fixed for re¬ bids until 10 a.m. (EST) demption, plus a premium for May 17 for the purchase'of each bond as redeemed as follows: $2,737,000 not to exceed 4% in¬ $25 on each bond called for re¬ (DST) on May 16 for the purchase terest non-callable public sewer, demption prior to July 1, 1956. $20 of $23,800,000 bonds, divided as Series H coupon or registered on each bond called for - sealed General, on will receive sealed bids until noon follows: redemp¬ • (P. Bond. Offering—R. I bonds. Dated Feb. 1, 1949. De¬ tion on or after July 1, 1956, but C. DeCamp/f receive! p.ric; (EST)ron| May 9?for the purchase of $25,000; District will Secretary, sealed bids until 8 school! interest 4% not to: exceed coupon bonds. . Dated April 1940; (Denomination $500; >• Duep April" : T, as ' follows: $500 * in 1952, $3,500 in 1953, $3,000 in | 1954 to 1056, and $4,000 in 1957 to$ 1959. The entire issue of bonds; , construction bonds: $27,500 as New Buffalo Twp. Con. Sch. Dist. (P. O. New Buffalo), Mich. Bond Offering—Churchill Bart- District ley, ceive sealed Secretary, until bids will 7 l%s, July 15 from inclusive, and 2s, due on July 15 due to 1950 on 1958 re¬ ,*...,*$20,500 as from 1959 to 1968 inclusive. i p.m. (EST) on May 9 for the purchase to exceed 4% in¬ 71,000 and storm relief sewer of $240,000 not construction bonds: $36,00.0 as/ terest l%s, coupon Dated April follows: $450,000 2V2S. Due on April 1 from 1950 to 1954 inclusive. 900,000 2s. Due 1955 to 1964 on April 1 from inclusive. All of the bonds are dated May 1, 1949 and those maturing from 1955 to 1964 inclusive, are re¬ deemable, in inverse nurrierical order, on and after April 1, 1954. Second high bid of par, plus a very slight premium, for a com¬ bination of $450,000 2Yzs; $450,000 21/4S, and $450,000 2s, or a net rate of about 2.144%, was made by an account composed of First of Michigan Corp., Stranahan, Harris & Co., Inc., John Nuveen & Co., McDonald-Moore & Co., Watling, Lerchen & Co., Ballman & Main, and Jones B. Shannon & Co. Port Austin Township Fractional No. 1 (P. O. Austin), Mich. July 15 from; inclusive, and! 2s due on July 15? due to 1950 1, 1949. any or Twp. Sch. Dist. No. "1 O. Ravenna), Mich. Ravenna may be redeemed at the option of District the District on April 1, 1952; or; on any interest date thereafter, atf order, on any interest payment par and accrued interest to the! date on or after Aprir 1, 1950, at date fixed for redemption, plus a par arid accrued interest to the premium for each bond so re-j date fixed for Redemption, plus a deemed, as follows: $7.50 on each? premium for each bond so re¬ bond called for redertiption priori'; deemed, as follows: $25 on each to April 1, 1954. $5.00 on each; bond called for redemption on or bond called for redemption on or|5 prior to April 1, 1952; $20 on each after April 1, 1954, but prior to! bond called for redemption after April 1, 1956. $2.50 on each bond f April 1, 1952, but on or prior to called for redemption on or after; April 1, 1954; $15 on each bond April 1, 1956 but prior to April 1,| called for redemption after April 1957. No premium shall be paid; 1, 1954, but on or prior to April 1, on bonds called on or after April! 1956; $10 on each bond called for 1, 1957. Principal and interest-!' redemption after April 1,1956, but (A-O) payable at First State Bankf on or prior to April 1, 1958; $5 on of Ravenna. Bidders to name the! each bond called for redemption rate of interest, expressed in a after April 1, 1958, but on or prior multiple of }k of 1%, The ap-^ to April 1, 1960; and without pre¬ proving opinion of Miller, Can-i mium on bonds called for redemp¬ field, Paddock & Stone, of De-4 tion after April 1, 1960. Principal troit, will be furnished without!1 J and interest (A-O) payable at expense to the purchaser. A cer-; Bank of Three Oaks, New Buffalo. tified check for $500, payable to 4 Bidders to name the rate or rates the District Treasurer, is required.! of interest, expressed in a multi¬ Sault Ste. Marie, Mich. ple of Ya of 1%. The approving Bond Sale—The $176,500 bonds! opinion of Miller, Canfield, Pad¬ dock & Stone, of Detroit, will be offered April 7 were awarded tot furnished, without cost to the pur¬ Braun, Bosworth & Co., Inc., on chaser. A certified check for $4,- a bid reflecting a net interest cost! 000, payable to the District Treas¬ of about 1.80%, as follows: *, urer, is requred. $47,500 storm and relief sewer — ed Bonds maturing! i960 to 1964 inclusive are; callable beginning June 1, 1954, | on 1958 $35,000 from as 1959 1968 to inclusive. 6,700 as l%s. 36,000 storm . / and relief SeWer construction bonds. $18,00Q;as\ l%s, due on July 15 from; • will be to 1964 inclusive. from to 1950 $18,300 from 1958 inclusive 2s, due as 1959 to on and/ July 15 1968 inclusive. • relief sewer j construction bonds: $9,000 .asj; l%s, due on July 15 fromf 15,000 , National . $3,200, payable to the Treasurer, is required, — coupon nomination $1,000. able A certified check for all of Detroit, as price of 100.0007, a basisf a about 3.74%. Dated April l| 1949 and due on June 1 from, 1950| of iy re¬ a.m. on chase without cost. building bonds. Denomina¬ tion $1,000. Due April 1, as fol¬ awarded to the Norfolk County of Detroit, will be furnished to lows: $12,000 in 1950 to 1954, and Trust Co., of Dedham, at 0.95% the purchaser without cost. A cer¬ $18,000 in 1955 to 1964. Bonds ma, interest. <4V* tified check for $7,500, payable to turing in the years 1962 to 1964, r/ y'iJ'r;;:- ,i> :. the District Treasurer, is required. may be redeemed at the option of Walt ham, Mass. the District in inverse numerical Note Offering — Arthur E. Hamtramck Housing Authority, Storer, City Treasurer, will re¬ Plymouth School District (P. O. Michigan ' ''* ceive sealed bids until 11 a.m. on Note Sale —The $1,230,000 13th Plymouth), Mich. May 11 for the purchase at dis¬ series notes offered April 28 were Bond Sale The $1,350,000 count of $500,000 notes issued in awarded to the Chemical Bank & school building bonds offered on anticipation of revenue for the Trust Co., of New York, and Asso¬ May 3 — v. 169, p. 1824 — were current year. Dated May 11, ciates, at 0.94% interest, plus a awarded to a group composed of 1949. Due Nov. 15, 1949. Legality premium of $13. Dated May 24, Halsey, Stuart & Co., Chicago., approved by Storey, Thorndike, 1949. Due on Dec. 20, 1949. Blyth & Co., Harriman Rip¬ Palmer & Dodge, of Boston. ley & Co., Inc., and HornHolland and Park Townships blower & Weeks, all of New York, Wohurn Housing Authority, Mass. Fractional Sch. Dist. No. 9 at a price of 100.072, a net in¬ Note Offering — Percy W. Lin(P. O. Holland), Mich. terest cost -of about 2.05%, as Bonds Not Sold The district scott, Chairman, will receive seal¬ ton funds. & Co., Parcells 1, as 1955 $6,000,000 capital outlay loan, Acts of 1948, chapter 599, Acts of Bend Offering — Robert H. 1948, coupon bonds. Dated Fowler, Town Treasurer, will re¬ May 1, 1949. Due on May 1, ceive sealed bids until noon (DST) as follow:s $670,000 from 1954 on" May 11 for the purchase of to 1956 inclusive, and $665,000 $380,000 school coupon bonds. from 1957 to 1962 inclusive: "Dated May 1, 1949. Denomination 6,800,000 Logan Airport improve$1,008; Due $20,000 on May 1, from ? ment loan, chapter 676; Acts 1950 to 196& inclusive. Bidders to of 1947, coupon bonds. Dated name the rate of interest, ex¬ April 1, aa follows: $670,000 pressed in a multiple of Ya of 1%. from 1957 to 1959 inclusive: Principal and interest payable at and $665,000 from 1960 to 1965 Dundee, Milan, London, Raisinville the First National Bank of Boston. The approving opinion of Storey, Monday, May 9, 1949 CHRONICLE storm 1950 T to $6,000 and 1959 as inclusive, and | on July 15 2s, due from 1959 to 1964 inclusive. - \., Summer Township Fractional School District No. 4 (P. O. Ithaca), Mich. " Bond Offering District | Ethel Ferris,! Secretary, will receive! sealed bids until 5 p.m. (EST) on | May 18 for the purchase of not to exceed 4% interest school! $20,0001 bonds. Dated May 1, 1949. | Denomination $1,000. Due $4,0001 on May 1 frorri 1950 to 1954 inclu- f| coupon sive. Bidders to rates of name interest, multiple of the rate or expressed in | a| of 1%. Principal 'g (M-N) payable at| National Bank, ! Ithaca. The approving opinion of | some market attorney, will be fur-1 nished by the purchaser at his! own expense; A certified check f for $1,000, payable to the District | Treastirer, is required. | and the Ya interest Commercial Warren and Sterling Twps. Frac* ! Dist. No. 1 (P. O. | Warren), Mich. ) Bond Offering—John H. Siers-1 Coin Sch. ma, Secretary of the Board of | Education; will receive sealed bids 1 until 8 p.m. (EST) on May 19. for | Bond Sale—The $147,000 school the purchase of $610,000 not to ex-1 bonds offered on May 3—v. 169, ceed 4% interest school coupon | p. 1932—were awarded to a group bonds. Dated May !,,• 1949. Decomposed of H. V. Sattley & Co., nomination $1,000. Due July 1, as 1 First of Michigan Corp., McDon¬ follows: $25,000 in, 1050, $30,000 in i ald-Moore & Co., and Charles A. 1951 and 1952, $35,000 in 1953 and School District Port Volume 169 COMMERCIAL THE Number 4801 1954, $40,000 in 1955 to 1957, $45,1962 1963, and $55,000 in 1964. Bonds maturing in 1955 to 1964, may be redeemed at the option of semi-annual installments during 000 in 1958 to 1961, $50,000 in a and of the sued and sold they will be in the amount of $53,800 each, except the first bonds which will be in the District order date after July 1, 1954, at accrued interest plus a or and premium called payment interest on' any on par numerical inverse in of $20 on bond prior premium of each for redemption on or to July 1, 1957; and a $10 on each bond called for re¬ demption after July 1, 1957, but on or prior to July 1, 1960. No premium shall be paid on bonds called for redemption after July 1, 1960. Bidders to rates the rate or name of interest, expressed in a multiple of 4/4 of 1%. Interest J-J. The approving opinion of Miller, Canfield, Paddock & Stone, of De¬ troit, will be furnished. A certified check for $12,000, payable to the District Treasurer, is required./ . period of 20 issue. . Bond Sale — The $85,000 sewer improvement bonds of¬ April 27—v. 169, p. 1716— were awarded to Halsey, Stuart & Co., Chicago, as lVfes, at a price of 100.16, a basis of about 1.47%. Dated May 1, 1949. Due on Jan. 1 amortization whether is¬ are interest after J-D. for (MST) on May purchase of $150,000 exceed interest build¬ 6% ing and equipment bonds. Dated June 15, 1949. Am'ortization bonds bonds second waukee at a 1962 inclusive. The highest bidder was Mil¬ Co., Milwaukee, for V/2S, price of 100.07. Watonwan County Ind. Sch. Dist. No. 1 (P. O. Madelia), Minn. Bonds Not Sold — The $200,000 building and equipment bonds of¬ sold as all bids were rejected. fered April 28 were not School bonds tire high school-junior college bonds offered May 3 — v. 169, p. tural 1933 were — a White, to Sanford, of New Or¬ 2V2S, at a price of 100.10, & 'Hattier leans, awarded as basis of about 2.47%. Dated May 1, 1949. Due on May 1 from 1950 1964 inclusive. The second highest bidder was T. W. WoodCo., for $17,500 as 3s; $20,000 as 2V4S, and $21,000 as 2V2S, at a be put into one divided into several may or the serial bonds Board of Trustees are issued sold and they will be in the amount of $500 each; the sum of $7,500 will be payable on June 15, 1950, and the $706,000 improvement bonds. Due on May 15, as follows: $40,000 $7,500 will become payable the same day each year there¬ until paid. all of such bonds are The bonds, whether amor¬ tization serial will be interest payment date from and after 10 years from the date of issue. or bonds, redeemable in full These the bonds election on were held any authorized at April 23. A certified check for $1,000, payable to the above Clerk, is required. on Plainview School " t District, Neb. 19£4 inclusive, $40,000 from in 1955; 1956 to 1964 inclusive; $48,000 in 1965, and $50,000 in 1966. 192,000 local improvement assessment bonds. Due on May 15, as follows: $40,000 from 1951 to 1954 inclusive, and $32,000 ; in 1955. 2,125,000 school bonds. Due on May 15, as follows: $50,000 from 1951 to 1967 inclusive; $70,000 from 1968 to 1982 inelusive, and $75,000 from 1983 •v ... * - to 1985 inclusive. - > - 15, 1949. Denomina¬ tion $1,000. Principal and interest (M-N) payable at the Linden Trust Co., Linden. Bidders to name the rate of interest, ex¬ pressed in a multiple of Vs or 1/20 of 1%. The approving opinion of Caldwell, Marshall, Trimble & Mitchell, of New York City, will be furnished to the purchaser without charge. A certified check for 2% of the amount of the bonds offered, payable to the City Treas¬ urer, is required. "> Mayersville), Miss. Sold—An Bonds issue O, 1949. „ of $20,- Kingsbury & 000 has been sold to AlVis, of Jackson, as 2V2s, at a price of 100.36. Dated March 1, 1949. 'Legality approved by Charles & Trauernicht, of St. Louis. ■ Sharkey County (P. O. Rolling Fork), Miss. Bond Sale Details—The $40,000 bonds pur¬ & Allen, as 2s, at a price of 100.04, as pre¬ viously noted in v. 169, p. 1825— are due $8,000 on March 1 from hospital community chased 1950 to Co., of Omaha. by Hickman 1954 inclusive. five Due Dated May 1, in years. at election bonds offered $400,000 school May 3—v. awarded 1933—were to 169, a p. group composed of Paine, Webber, Jack¬ son & Curtis, of New York, J. S. Rippel Co., & of Newark, and Rogers, Gordon & Co., New York, as 2.10s, at a price of 100.157, a basis interest 5% bonds. school coupon Dated as April 1, 1949. De¬ $1,000. Due on April follows: $135,000 from 1951 Bidders of about to the name rate interest, expressed in a mul¬ tiple of y4 or 1/10 of 1%. The ap¬ proving opinion of Tuttle, Rice, Hustleby, of Niagara will be furnished to the Rice & Falls, purchaser without of the 2.087%. Due A cost. fied check for 2% bonds, payable to the Town, .. Village/ Frohnappel, P. Treasurer, will receive sealed bids ih care of the National First Bank, Alle¬ until 2 p.m. (DST) May 9 for the purchase of $7,500, not to exceed 4% interest N. gany, on Y., coupon or registered bonds. May 9, 1949. Denomination $1,500. Due $1,500 on July 1 from 1949 to 1953 inclusive. Principal and interest (J-J) payable at the First National Bank, Allegany. Bidders to the name terest, expressed in 1/10 or y4 of 1%. ing of rate in¬ multiple of a The approv¬ Pierce, of Franklinville, N. Y., will be furnished to the purchaser. A certified check for $150, payable to the Village, is required. v opinion of James Co., Inc., New York, as l%s, at a price of 100.06, a basis of about 1.23%. Second high bid of 100.056 for l*4s was made by the Marine maturing in 20 — R. M. Noble, tion held on Bond April 23. Na. 1 (P. O. Missoula), Mont. Missoula County Sch. Dist. Bond Offering—W. H. Swear- ingen, District Clerk, will receive sealed bids until 8 p.m. (MST) on May 24 for the purchase of $1,077,000 not to exceed 6% interest building bonds. Dated June 1,1949. Amortization bonds will be the first choice and serial bonds the second choice of the School Board. If amortization bonds are sold and issued the entire issue may be put into one single bond or divided into several bonds, as the Board of Trustees may determine upon at the time of sale, both principal and interest to -be payable in City Clerk, will receive sealed bids until 7 p.m. (MST) on May 9 for the purchase of $100,000 are, revenue Geddes single rate of interest, ex¬ a A certified check for office. $1,560 payable to order of the City, is re¬ quired. Legality approved by Vandewater, Sykes, Heckler & Galloway, of New York City. Middletown, N. Bond Y. Offering—P. E. Benedict, City Treasurer, will receive sealed until 2 p.m. (DST) on May HO for the purchase of $326,000 not to exceed '5% interest public bids improvement, 1949 coupon or reg¬ istered bonds. Dated June 1, 1949. Denomination $1,000. Due on June follows: $20,000 in 1950 and 1951; $25,000 from 1952 to 1958 inclusive; $15,000 from 1959 to 1965 inclusive., and $6,000 in 1966. Principal and interest (J-D) pay¬ able at the Orange County Trust 1, as Bidders Middletown. Co., the name of rate bonds awarded to to interest, ex¬ a Atlantic City Housing Authority, N. J. Note Sale—The $112,000 6th se¬ ries notes offered Aprli 28 were awarded to the Chemical Bank & Trust Co., of New York, and Asso¬ ciates, at 0.94% E. H. Rollins & interest. on Dated Dec. 20, 1949. Hackensack, N. J. Bond Sale—The $111,000 gen¬ eral obligation bonds offered May 2—v. 169, p. 1825—were awarded Sons, price of basis of about 1.98%. Lewiston a Water Dists. Bond Offering—Ray B. Powell, Supervisor, will receive (DST) on May 17 for the purchase of $13,sealed bids until 2 p.m. to registerd exceed bonds, 5% divided & 4—v. 169, Roosevelt & Cross, both of New York, jointly as 2.10s, at a price of 100.298, a basis of about 2.068%. Dated May 1, 1949 due and 1969 to fol¬ on May 1 from inclusive. Second for 2.20s was made by a group composed of George B. Gibbons & Co., Inc., Chas. E. Weigold & Co., and 100.41 Sale—The offered 1.40s, at of May 2, as follows: $448.22 in $50,000 water 3—v. 169, p." awarded to the a about June 1 from 1950 on to 1959 inclusive. Second of 100.206 for 1.40s was high bid by made E. H. Rollins & Sons. Rochester, N. Y. Note Offering Whitley, receive (DST) — W./Raymond Comptroller, wilt City bids sealed until 3 p.ro. May 9 for the purchase $1,100,000 capital notes. Dated May 15, 1949. Due on May 15, on of Denomination 1950. designate. may with drawn as Notes interest and bidders will be, be* will delivered and payable at the Cen¬ Hanover Bank & Trust Co., tral New York opinion City. Reed, of The approving' Hoyt & Wash¬ furnished to the purchaser. Solvay, N. Y. Definitive Available— Bonds definitive Dec. from 1, housing 1948 1950 to and deliver bonds, dated due 1998 on Dec. inclusive, Denomination 1949. on May 1, as 1950 to 1970 1971 1974 to in 1975. 1 in $1,000. Due follows: $3,000 from inclusive; $2,000 from inclusive, and $1,000 Bidders to name the rate of interest, expressed in a mul¬ tiple of V4 or l/10th of 1%. Prin¬ cipal and interest (M-N) payable at the Solvay Bank, Solvay. The approving opinion of Vandewater, Sykes, Heckler & Galloway, of New York City, will be furnished to the purchaser without cost. A certified check for $1,440, payable to the Village, is required. Triborough Bridge and Tunnel Authority, N. Y. $141,500,000 Sold — made Revenue Bonds Formal announcement was May 4 of the sale by the on Authority, with the assistance of a investment banking nationwide headed by Dillon, Read & Co., Inc., New York, of $141,500,- group 000 , bonds 1949 issue. This revenue constitutes the largest sale of rev¬ enue bonds ever made and the fi¬ nancing consisted of the following: $41,500,000 2 V2% bonds, due May 1, 1964. 100,000,000 23/4% bonds, due May 1, 1969. The bonds are dated May 1, and are 1941> subject to redemption by operation of the sinking fund oft and after May 1, 1953, and other¬ wise than by operation of the sinking fund at any time, as set forth in the Circular. Publicly Offered Bonds connection was with — It> the financing, it announced that $20,275,000 of the 2%% 15-year bonds and $15,- 100,000 of the 23/4% 20-year bonds are being purchased from the Au¬ thority by certain banks. The re¬ maining $106,125,000 bonds were publicly offered on May 4 by Dil¬ lon, Read & Co., Inc., and associ¬ ated underwriters at a price of The plus accrued interest from. 1, 1949. Other members of are: Lehman Bros.; First Boston Corp.; Blyth & account Lazard Freres & Co.; Ripley & Co., Inc.; Smith, Barney & Co.; Blair & Co., Co., , Ma¬ Co., of Buffalo, as price of 100.307, a basis 1.34%. Dated June I, 1949 and due the York, will be prepared to on May Trust May $8,848.22 river road water district bonds. Denomination $300, for $44.22. Due Bond , par, (State of) The Bank of Manhattan Co., New one , Plattsburgh, N. Y. New York " lows: except New York. Bacon, Stevenson & Co. interest as , p. and Sons, high bid of Town not lins 1950 (P. O. Lewiston), N. Y. 763.02 $375,000 school May 1825—were awarded to E. H. Rol¬ — 2s, at offered bonds The $67,000 water offered April 29 were Bond Sale 100.21, NEW JERSEY (P. O. Solvay), N. Y. of New York, as bonds. May 24, 1949. Due Water Dist. First Bond Bond Sale—The Belen, N. Mex. Offering—Garland Stew- the Offering — Leonard W. purchase of $78,000 not Village Treasurer, will to exceed 5% interest coupon or Pfeiffer, receive sealed bids until 2 p.m. registered water bonds. Dated .May 1, 1949. Denomination $1,000. (DST) on May 12 for the purchase of $722,000 not to exceed 5% into Due May 1, as follows: $7,000 in 1950 and 1951, and $8,000 from general improvement, 1949 coupon 1952 to 1959 inclusive. Bidder to or registered bonds. Dated May 1, 11 for the NEW MEXICO These years. to Is, at price of 100.031, a basis of about 0.988%. Dated May 1, 1949 and due on May 1 from 1950 to 19531 inclusive. Second high bid of100.11 for 1.20s was made by George B. Gibbons & Co., Inc., City Treasurer, will receive sealed bids until 3:30 p.m. (DST) on May N) payable at the City Treasurer's NEW YORK awarded a burn, of New York City, will be Y. Lockport, N. Offering S. 1968 bonds were authorized at an elec¬ 1933—were — National Bank of Olean, as Dated Webster Minsch, Buffalo Housing Authority, N. Y. Note Sale —The $1,660,000 14th ranging from on pressed in a multiple of Va or 1/10 of 1%. Principal and interest (M- Monell & Co. rates Olean, N. Y. The $48,000 paving bonds offered May 4—v. 169, p. Bond Sale rine d r o pressed in a multiple of V/or 1/10 Trust Co. of Buffalo. ' • inclusive, and $70,000, in of 1%. The approving opinion 1969. Principal and interest (AErie County Water Authority, of Vandewater, Sykes, Heckler & Lake County School District No. 23 O) payable at the County Treas¬ New York Galloway, of New York City, will urer's office. The (P. O. Poison), Mont. approving Governor Signs Bill—Governor be furnished to the purchaser Bond Offering — Mrs. Lola M. opinion of Chapman & Cutler, of Thomas E. Dewey signed on April without cost. A certified check Wolfinger, District Clerk, will re-r Chicago, will be furnished to the 29 a bill establishing the above for $6,520, payable to the City, is ceive sealed bids until May 31 for purchaser without cost. A certi¬ authority and authorizing it to required. the purchase of $329,000 not to fied check for 5% of the amount furnish and supply water in the New Scotland, Guilderland and exceed 6% interest construction of the bid. payable to the District, county other than in the City of (P. O. Voorheesville), N. Y. bonds. The bonds will be sold as is required. Buffalo and the Town of Tona(P. O. Voorheesvilles), N. Y. wanda. either amortization or serial bonds to MONTANA interest iy4%to4%. 1825—were Limestone, N. Y. Offering—M i 1 d name A. and bear bonds . high bid of 100.06 for 2.10s made by a group composed of Dolphin & Co., Dougherty & Co., exchange for outstanding tempo¬ rary receipts in bearer form on May 10, 1949. The bonds certi¬ is required. Bond 57 and after of the amount Second on nomination 1, Falls. Feb. 1 from 1950 to 1979 inclusive. 15. ceed 1965 inclusive. May 2, 1949. Principal and interest (M-N) payable at the Power City Trust Co., Niagara 1962; optional after The bonds were au¬ series notes offered April 28 were an ex¬ Denomination Dated Bond April awarded to the Chemical Bank & Trust Co., of New York, and Asso¬ ciates, at 0.94% interest, plus a NEVADA premium of $17. Dated May 24, 1949. Due on Dec. 20, 1949. Washoe County, Reno Sch. Dist. No. 10 (P. O. Reno), Nev. Dryden and Hartford Central School District No. 1 (P.O. Bond Offering — G. E. Myers, Dryden), N. Y. Clerk of the Board of -Trustees, Bond Sale—The $25,000 build¬ will receive sealed bids until ing bonds offered April 28 were 8 p.m. (PST) on May 10 for the awarded to George B. Gibbons & purchase of $2,500,000 not to ex¬ thorized 1.951 to Woodbury, N. J. Bond Sale—The Bonds Sold—An issue of $25,000 ser district road $300, except one for $414.80, Due on May 2, as follows: $414.80 in 1950, and $300 from , has been sold to Robert E. Schwe- Issaquena County (P. river tension. bonds. to ■ water, Dated May 3% building and equipment bonds price of 100.03. to $48,000 was NEBRASKA 1950 from of to "ward en¬ determine upon at the time of sale, both principal and interest to be payable in semi-annual in¬ stallments during a period of 20 years from the date of issue. If after County (P. O. Gulf port), Miss. Bond Sale—The $58,500 agricul¬ the amortization If sold and issued the issue as of may on Harrison Board. are bonds choice second single bond sum MISSISSIPPI the 4,914.80 1951 ". of vided as follows: p.m. the to $300 from and inclusive. 1978 15 City Treasurer, will receive sealed bids until 11 a.m. (DST) on May 17 for the purchase of $3,023,000 not to exceed 6% interest coupon or registered bonds, di¬ (2041) vano, District Clerk, will receive sealed bids until 8 on April inclusive. Due 1954 to 1950, Linden, N.J. Offering—Charles S. Val- Bond R.; Nelson, will be the first choice and serial, to 1950 Montana Offering—M. fered 1951 15, from Phillips County High Sch. Building Dist. No. A (P. O. Malta), Bond 1949. April $1,000, payable to the clerk is required. above Saffin & Co., of New Boland, certified A CHRONICLE York, as 1.35s, at a price of 100.02, a basis of about 1.34%. Dated for system from to FINANCIAL any date from and from the date of years Interest check on payment 10 issue. serial or will be redeemable in full not Austin, Minn. from the date bonds amount of $54,800; the sum of $54,800 will be payable on June 30, 1950, and the sum of $53,800 will become payable on the same day each year thereafter until all of such bonds are paid. The bonds, 31 MINNESOTA years serial If & Inc.; Harriman Inc.; Eastman, Dillon & Co.; Glore, Forgan & Co.; Goldman, Sachs & , 58 (2042) THE COMMERCIAL Gaston County (P. O. Co.; Kidder, Peabody & Co.; Ladenburg, Thalmann & Co.; W. C. Gastonia), N. C. Langley & Co.; Stone & Webster Bond Sale—The $800,000 series Securities Corp.; Union Securities B school building bonds offered Corp.; White, Weld & Co.; A. C. May 3 — v. 169, p. 1933 — were Allyn & Co., Inc.; Hemphill, Noyes awarded to a group composed of & Co.; Merrill Lynch, Pierce, FenScott, Horner & Mason, of Lynch¬ ner & Beane; Phelps, Fenn & Co.; burg, Peoples National Bank of L. F. Rothschild & Co.; Salomon Charlottesville, and Jackson & Bros. & Hutzler; Stranahan, Har¬ Smith, of Gastonia, at a price of ris & Co., Inc., and B. J. Van In100.109, a net interest cost of gen & Co., Inc. about 2.098%, as follows: Purpose of Issue The Author¬ — $110,000 6s. Due ity will use a portion of the pro¬ ceeds of the sale to repurchase at its par 23/4% $107,750,000 and held by 3Vs % Of balance the 1955 bonds 1 to June on 1973 from 1 from inclusive. All of the bonds Finance June on 1954 inclusive. 690,000 2s. Due outstanding revenue Reconstruction Corporation. 1950 to 1, 1948. Second high bid of 100.005 of for a combination of $110,000 6s; $165,000 2V2s, and $525,000 2s, was will be made by a group composed of used to complete the BrooklynGoldman, Sachs & Co., Estabrook Battery Tunnel and the 1,050 car & Co., Mercantile-Commerce Bank Battery parking garage now under & Trust Co., Alex. Brown & Sons construction, and $2,350,000 will and F. W. Craigie & Co. be available for additions and im¬ proceeds (together with other funds) $18,250,000 provements $688,500 Mine Township, CHRONICLE b'av Franklin able 1953. ling, Secretary of the Local Gov¬ Commission, will receive ernment sealed bids at his office in principal only, refund¬ ing road bonds. Dated May 1, 1949. from 102% to par. Denomination $500. Due May 1, as The Authority is a public bene¬ follows: $1,500 from 1952 to 1963 inclusive and $4,000 in 1964 and fit corporation having jurisdiction 1965. Principal and interest (Mover the Triborough, BronxWhitesone, Henry Hudson, Mar¬ N) payable in New York City. Rate or rates of interest to be ex¬ ine Parkway and Cross Bay Parkway toll bridges and the pressed in a multiple of V4 of 1%. A certified check for $520, pay¬ Queens-Midtown toll tunnel, and able to order of the State Treasur¬ over the Brooklyn-Battery toll tunnel now, under construction. er, is requirbd. Legality to be ap¬ The Authority plans to open the proved by Mitchell & Pershing, of New York City.1 new tunnel before Sept. 1, 1950 with of rate toll a cents 35 for Harris passenger cars. Upon the comple¬ tion of this financing, the Au¬ of* Bond Offering—W. 1950 to for of benefit the ' E. Easter- (EST) bridge issue, pledged ' for new revenues Based issue. of the York, a Shields to ¬ Denomination $500. Due as follows: $1,500 from City. $920, I%s, at as a Co., & f A certified check for payable to of order the Laurinhurg, N. C. . Bond All of the bonds are dated 1954. 1, - 100.262 for both high bid of 1.30s was made by an of Laidlaw & Dominick & Dominick, of New York, jointly. account Co., Second May composed until 11 a.m. (EST) on as to follows: 83,000 series B Due June 1, and and purchase as as follows: $2,000 to 1954 inclusive, 1951 to 1960 inclusive, $2,000 from 1961 to 1966 inclusive. and light of 1954 inclusive; from in 1956, 1950 to 1955 1957 to 1, are dated June Denomination 1949. of 1%. Rate N) payable in New York City. A certified check for $400, payable to order of the State Treasurer, is pressed in or inclusive. 1969 All of the bonds $1,000. rates of interest to be ex¬ multiple of V4 of 1%. Principal and interest (J-D) pay¬ a able in New York City. $2,000 1960 to 1962 and 1964. of interest and New be to multiple of x/4 interest of or 1 % s. in -! required. Legality to be is ap¬ are ' $ • >1. dated June * • - . . t > * _ April on 29—v. awarded 169, p. follows: as 10 bonds were sold to Lehman Bros., York, and Harris, Hall & Co., Chicago, jointly, as 13/4S, at .a .price of 100.067, a basis of were New a .-i.'li. about 1.741%. from 1950 to Due on Dec. 1 1969 inclusive, y Callable , interest, in inverse numerical order, on or after June 1, 1961. ; at and par accrued ; ational building, facilities and . Easter- 1, 1949. All of the bonds are dated June Offering Cain, of to Corp., ond 2.26%, Due 1972 , Dec. 1 from on Dated , inclusive. - »The sec- : - , highest bidder was Hayden i & Co., for 2y2s, at a price * of 102.32. Sale Details ; • •. Oak Harbor, ; Ohio — The $4,085 . Ohio ; Bond (EST) f , j>: ' Bank Co,, as previously noted in 169, p. 1718, were sold as 13/4S, at a price of par. • 1 j , street improvement, special assessment bonds purchased by the Oak r | (State of) i, Offering—Charles | F. bids sealed ll. until ' ' a.m. May 25 for the purchase on of $12,500,000 World War II com- > pensation, 1949 issue; coupon April 15, 1949. De¬ Due $377,000 Oct. 15, 1949, $379,000 April and • $382,000 Oct. 15, 1950, $385,000 April and $387,000 Oct. 15 1951, ; $390,000 April and $392,000 Oct. 15, 1952, $395,000 April and $398.-1 000 Oct. 15, 1953, $401,000 April Dated nomination $1,000. and $403,000 Oct. 15,1954, $406,000 April and $409,000 Oct. 15, 1955, $412,000 April and $414,000 Oct. 15, 1956, $417,000 April and $420,000 , • ' 4 * Oct. 15, 1957, $423,000 April $426,000 Oct. 15, 1958, $429,April- and $432,000 Oct. 15, and 000 ' 1959, $435,000 April and $438,000 1960, $441,000 April and $444,000 Oct. 15, 1961, - $447,000 April and $450 000 Oct. 15, 1962, Oct. 15, $453,000 April; and $456 000 Oct. April 15, a single interest,: expressed in a multiple of Vs. of 1%. Principal and interest payable at the State 15, 1963, and 1964. Bidders $459,000 to name of Treasurer's office or. at the option of the holder, at the National of New York. • These City bonds '• part of the $300,-000*000 issue are . authorized at the general election held in Nov. of 1947. The approv¬ ing opinion of Chapman & Cutler, of Chicago, will be furnished to the purchaser at his own expense. certified A check for $250,000, payable to the Commissioners of the Sinking Fund, is required. j Perkins Local School District j (P. O. Sandusky, R. R. No. 2 Ohio *Rond ing v Sale—The $580,000 build¬ of- » fered May 2—V/169, p. 1718—were improvement . and bonds to awarded and Nov. 1, 1949. Due ; / . May 1 on . 1973 incl. 1 from 1950 to inclusive. the rate or Bid¬ in a multiple Principal and in¬ 1%. (A-O) payable at the City office. The of and Cleveland, paid'for street approv¬ will by be the Details—The $23,775 ^ improvement bonds o u rby the Sinking Fund Trus¬ chased previously noted in v. 169, as 2s, at a price of< par. Dated May 1, 1949. De¬ nomination $2,375, except one for"$2,400. Due' on Nov. 1 from tees, as 1718, were sold p. • ; - 1954 inclusive. 1949 to - ' ? • • i . * f A- '• Sale—The $5,825 sanitary Bond rates of expressed of Sale Bortd arid storm sdwer bonds offered May 4—v. awarded "to 169, p. on "171'8—were the "First Cleveland ; price of 100.412. J. A. White & Co., of Cincinnati, only other bidder, offered 100.497 • Corp., as 2s, at * a for 2l/2s. • ' \r " City. A certified check for 1% of $2,000 fire the bonds bid for, payable to the City, is required.. Bank was Cleveland, 3%s, at a price of 100.25. South Zanesvide Sch. Dist., Ohio the amount of the ap-? • . Bond Sale—The and Dayton, of Bonds of bidder noon 1954 Dempsey, 1965 inclusive. highest to name furnished Bowling Green, as 2s, at a price of par. Dated Feb. 1, 1949. Due on Feb. 1 1951 Clerk, ing opinion'of Squire, Sanders & paratus and equipment bonds of¬ fered April 25—v. 169, p. 1717— from 1, 1949/ to ;(; price of 102.44, a about 1950 Agnes Brown — until Treasurer's Bradner, Ohio to 1/4 terest OHIO Co., 1951 interest, Legality approved by Mitchell & .Pershing, of New York City. County bids from the State Treasurer^ is re¬ awarded City sealed quired. Wood of Shelby, Ohio Bond ders to were 2y2s, at June Dated May y4 of 1%.. A certified check for $10,000, payable to or¬ Sale—The as basis a Ryan, Sutherland ■ & Co., of Toledo, as 2V2s, at a price oL 102,28, .a basis of about 2.32%. will receive (EST) on May 19 for the purchase of $551,000 2% salary retention judgment fund No. 2, coupon bonds. Dated June 16, 1949. Denomination $1,000. Due on Oct. 1, as follows: $111,000 in 1950, and $110,000 Bond land, 1, 1949. of f • Cleveland 1.535% 4 De¬ ;l; ■ equipment fund No. 12 bonds were purchased by Sweney, Cartwright & Co., of Colum¬ bus, at 13/4s, at a price of 101.26, \ a y: basis of about ' $1,000. Due June 1, as follows: $10,000 from 1952 to 1958 inclusive; $15,000, 1959 to 1962 inclusive; $20,000 from 1963 to 1968 inclusive, and $25,000 from 1969 to 1978 inclusive. Principal and interest (J-D) payable in New York City. Rate or rates of in¬ terest to be expressed in a mul¬ der of v., 1826—were awarded to the hj Corp., of Cleve- [, p. Bank 60,000 parks, playground, recre¬ : 169, rate Sale—The $560,000 .bonds ment fund No. $760, payable to order of the Treasurer, is required. Le¬ gality to be approved by Mitchell & Pershing, of New York City. Cleveland Treasurer, bonds on $500,000 water works enlarge¬ State order State bonds impt. st. Due Columbus, Ohio r , 1826—were for Dated June impt. on Sept. 1 from 1950 to 1959 inclusive. v. •: payable in York City. A certified check second the on Due l3/4s. as offered Principal E. IV2.S. Sept. 1 from 1950 to 1973 inclusive, as (M-N) Offering—W. as 1 from 1950 to 250,000 fire station rates expressed 1%. Sept. 1, from 1950 to 1979 inclusive. inclusive and $3,500 1963 Rate bonds impt. bonds as Sept. 1 from • Bond Due from in A certi¬ fied check for $4,740, payable to of on Sept. ^ inclusive; $2,500 from inclusive; $3,000 from 1956 to 1959 impt. inclusive. 590,000 airport 13/4s. Due ! bonds. $3,000, 1955; and $7,000 on Inc. only, re¬ Dated May bonds. centers 1, 1949. Second high bid of 100.155 $2,195,000 iy2s and $1,040,000 l%s, or a net interest cost of about 1.572% was made by a syndicate headed by Halsey, Stuart & Co. May 17 for $38,000 not to V The $255,000 con- — First on for on follows: as Due June 1, as follows: $3,000 in 1951; $4,000 from 1952 to $6,000 Due All of the bonds Denomination $500. 1, 1949. May 1, tiple 115,000 water as bonds. $5,000 from 1955 to 1969 from of $20,000 not to ex¬ registerprincipal • only, street required. Legality to be approved by Reed, Hoyt & Washburn, of New York City. impt. 22,000 sanitary sewer bonds. Due June 1, as follows: $1,000 May 17 for expressed in a multiple of V4 Principal and interest (M- 1951 st. inclusive. Easter- follows: $2,000 in 1951, and $1,000 from 1952 to 1969 in¬ clusive. Rate or rates of interest to be (EST) a.m. Due 1964 inclusive. : until 11 Ohio Sale struction bonds offered May 4—v.' bonds. iy4s. Due C. N. Offering—W, E. Easterling, Secretary of the Local Gov¬ ernment Commission, will receive sealed bids at his office in Raleigh nomination 1959 inclusive. to improvement bonds. Dated May 1, 1949. Denomination $1,000. Due May 1, principal only, bonds, $17,000 series A st. impt. bonds. Due June 1, as follows: $8,000 in 1950, and $1,000 from 1951 ceed 6% interest coupon, as to health 200,000 general County, IV2S. as 1950 to 1964 ; bonds. as bonds 55,000 park impt. bonds Franklin terable the purchase able Township, ' j' R. D. No, 3, Elyria), ' / Bond I :| Elyria Twp. Local School District (P. O. j! ; May 1,, 1949. Sweeney, Secretary of State, will as Associates, a.m. (EST) on May 17 for purchase of $237,000 not to exceed 6% interest coupon, regis- from ling, Secretary of the Local Gov¬ ernment Commission, will receive sealed bids at his office in Raleigh Arnold Creek elimina- crossing clusive. ' Salt the on 225,000 playground Inc. Bond Easter- until 11 Blowing Rock, N. C. E. E. the NORTH CAROLINA Offering —W. Offering—W. ling, Secretary of the Local Gov¬ ernment Commission, will receive sealed bids at his office in Raleigh and Bond & Due as iy2S. Due on Sept. 1 from 1950 to 1974 in¬ $30,000 3s made by was f Harbor State impt. bonds Sept. 1 from impt. bonds par ling, Secretary of the Local Gov¬ ernment Commission, will receive sealed bids at his office in Raleigh until 11 a.m. (EST) on May 17 for the purchase of $500,000 not to exceed 6% interest coupon, registerable as to principal only, water ,, $200,000 series A bohds. Due on May 1 from 1950 to 1969 incl. 310,000 series B bonds. Due on May 1 from 1950 to 1959 incl. 250,000 series C bonds. Due on May 1 from 1950 to 1954 incl. Kirchofer of 3X/4S, $81,000 of Statesville, N. C. Sale con¬ basis of abbut 1.243%. sisted of: combination a bid Pershing, of New York City. New price of 100.042, high from 1 : funding road public State Treasurer, is required. Le¬ improvement bonds offered on gality to be approved by Mitchell May 5 — v. 169, p. 1933 — were & awarded for and Second ] in- receive interest coupon, regis- 1952 to 1959 Sale—The $760,000 Bond 1949. st. 125,000 public dated May are tion v to:; principal York N. Y. Utica, 1980 to 1982 inclusive. 1959 A*. 1 clusive. May 1 from ,1975 to 1979 inclusive. 15,000 2 %s. Due on May 1 from All of the bonds $5,000 on; (; Sept. 1 from 1950 to 1979 in¬ on terable 1, 1949. May 1, estimates on !- 1956 to 1974 inclusive. 25,000 33/4s. Due 1 y>s. 450,000 grade May 1 from on Sept. on 1950 to 1974 inclusive. inclusive.:, exceed 6% inclusive; $5,000, 1960 made by Madigan-Hyland for the to 1962 inclusive; $5,500 in 1963 Authority, and concurred in by and 1964;. $6,000 in 1965, and $2,Coverdale & Colpitts for the un¬ 000 in 1966. Rate or rates of in¬ derwriters, all of the 1945 issue terest to be expressed i>. a mul¬ will be retired by early 1958, and tiple of i/4 of 1 %. Principal and the new bonds by mid-1965. interest (M-N) payable in New i 1955 to 61,000 23/4s. Due 1, Dated Bond as 1950 to 1974 inclusive.v as $111,000 sewer May 3—v. 169, p. terable as to principal only, re¬ funding road bonds. Dated May are benefit the May 17 for on ceed after the retirements of all of the 1945 1951 Due 140,000 general Sale—The offered bonds Due - 1950 to . - • the purchase of $46,000 not to ex¬ 6% interest coupon^ regis- the Tunnel revenues and, Issue. 1945 bridges are the from Revenues pledged IV2S. j from elusive. 1969 inclusive. 600,000 general st. impt. bonds . A' 1 Miller $600,000 general st. impt. bonds as i lVis. Due on Sept. 1 from $1,600, payable to order; of the State Treasurer,, is required. Le¬ gality approved by Mitchell & Pershing, of New York City. Ramseur, N. C. 1.560%, follows: as Bond thority's funded debt will consist ling, Secretary of the Local Gov¬ of the new issue and $94,352,000 ernment Commission, will receive Triborough Bridge Authority sealed bids at his office in Raleigh revenue bonds (1945 issue). until 11 a.m. net interest cost of about a 1 %. Principal and interest (J-D) payable in New York City. A certified check for Bond NOv. a.m. tiple of y4 ries O bonds. • - - . . Bank,, both of Philadelphia, White,"; Weld & Co., New York, Weeden ' & Co., San Francisco, exceed 6% interest coupon, regisCoffin & Burr, of New York, A. G. terable as to principal only, street Becker & Co/, and H. M. Byllesby improvement bonds. Dated June- & Co.j both of Chicago, City Na¬ 1, 1949. Denomination $1,000. tional. Bank & Trust Co., Kansas Due $5,000 on June 1 from 195 F to City, and the Milwaukee Co., of 1966 inclusive. Rate or^rateskoL Milwaukee, :at~ a price of 100.0429, 11 Township, Franklin Coumty, North Carolina ► The — Raleigh (EST) on May, 17 for the purchase of $80,000 not to until to as Sale $3,235,000 bonds offered May 2—v. 169, p; 1717—were awarded to a syndi¬ cate composed of the First Na¬ tional Bank of Chicago, Drexel & Co., • and »Philadelphia National . The bonds are also call¬ able at any time at prices ranging 1, Cincinnati, Ohio Bond . Lumberton, N.^.C.: Offering—W. E. Easter- Bond ; - Pershing, City.^;-, ity's projects or for related con--, County, N. C. 1934—were awarded to Vance Se¬ nections Or parks. The remairfing Bond Offering — W. E. Eastercurities Corp., Greensboro, and J. $11,150,000 is to be distributed to' ling, Secretary of the Local Gov¬ Lee Peeler & Co., of Durham, bond reserve, interest and operat¬ ernment Commission, will receive jointly, at a price of par, a net in¬ ing funds of the Authority. sealed bids at his office in Raleigh terest cost of about 3.055%, as fol¬ The new 2V2% and 23A% bonds until 11 a.m. (EST) on May 17 for lows: the purchase of $26,000 not to ex¬ are subject to redemption at par by sinking fund on or after May ceed 6% interest coupon, register- $10,000 6s. Due on May 1 from , t Gold of the Author¬ on any Mitchell York New FINANCIAL interest to be expressed in a mul¬ dated June are by proved of & Ohio sold to the — awarded to City of Treasury Investment Board, as 2s, at The a bonds was price of par, as follows: $200,000 motor vehicle equipment bonds. Due $40,000 on Nov. 1 for from 1 ; bonds of 000 First . offered v. 169, p. 1718 — were Hayden. Miller & Co., equipment April 28 Sold—An issue of $250,- $75,000 building 1950 to 1954 inclusive. 50,000 sewage disposal plant,. Se- Cleveland, as 2V2s, at a price 101.32, a basis of about 2.37%. Dated May ,1; 1949. Due- on Oct. 1' from 1950 to 1973 inclusive. The second First for highest Cleveland 2V2s, at a •» bidder was the Corp., Cleveland, price of 1C0.91. , Volume THE Number 4801 169 1 Bond Sale —The $85,000 build¬ ing bonds offered May 2—v. 169, p. 1826—were awarded to Otis & Co., of Cleveland, as 2y2s, at a price of 101.14, a basis of about on 1969 inclusive,1 r ' Tiverton Local Sch. Dist. (P. Brinkhaven, Route Bond McCurtain County (P. O. Okla. Bond Sale—The $27,500 county fair ground bonds offered May 2 —v. 169, p 1934—were awarded to O. • 1), Ohio Offering—I. T. Gross, the First State Bank, on wiii receive sealed bids until noon cost bid reflecting a net interest of about 1.86%. Due from (EST) on May 11 for the purchase of $35,000 2%% building bonds. Dated May 1, 1949. Due Nov. 1, 1952 to ond $1,000 in 1950, $2,000 1951, $1,000 in 1952, $2,000 in '♦in highest bidder on Co. bid a $1,000 in 1954, $2,000 in 1955, $1,000 in 1956, $2,000 in 1957, '$1,000 in 1958, $2,000 in 1959, $1,000 in 1960, $2,000 in" 1961, $1,000 in 1902, $2,000 in 1963, $1,000 in 1964, $2,000 in 1965, $1,000 in 1966, $2,000 in 1967, $1,000 in 1968, $2,000 In 1969, $1,000 in 1970, and $2,000 in 1971 and 1972. Bidders may bid .for; a different rate of interest in .multiples of V4 of ,1 %. The ap¬ proving opinion of Squire, Sand¬ ers & Dempsey, of Cleveland, will be furnished by the Board of for 10 1.87%. (CST) on May 10 purchase of $3,000,000 a.m. -the school bonds. in. These 1974. April 26. A certified 2% is required. Bond Offering—N. Clerk of the Board receive a.m. (CST) $350, purchase bonds. Sale Bond The — 2—v. $189,500 26. un¬ 169, p. 1718—were awarded land, as 2y2s, at a price of 100.289, a basis of about 2.472%; : Dated April 1, 1949 due on Oct. 1 from 1950 to 1974 inclusive. fire -apparatus 20-000 bonds to Fox, Reusch & Co., of Cincin¬ nati, as 2%s, at a price of 100.86, a basis of about 2.594%. Dated April lr 1949 and due 1959 inclusive. [ Willowick, Ohio -- !>o;dSale funding bonds The Co., follows:;- - all bids offered 3— May due as 12,000 .First Ada, Okla. ....... National in noted as Bank Trust Co., & City, as previously 169, p. 1718, were sold v. extension water bid on ; follows: a reflecting a from 1952 $165,000 l%s, as 1956 to 1960 as 2s, due inclusive; due from inclusive; $66,000 CU'-2s, due in 1961 and 1962; $165,000 as 2V4S, idue from 1963 to 1967 inclusive, and -$62,000. ■ . 1969. and 2V2S, as in "1968 due \ / ; ; access. bonds, on reflecting a net interest about 2.38%, as fol-1 '"lows: $44,000 as 2l4s,* due from 1952 to 1955 inclusive; bid of cost „: $55,000 as 2s, due from 1956 to 1960 inclusive; $22,000 as 2V4S, due in 1961 and 1962; $55,000 as 2y2s, due from 1963 to 1967 inclusive,, and $24,000 as 2%s, due in 1968 and 1969. Alva 3- School Bond Rice, — E. Milford sealed bids until "8 p.m. (CST) on May 9 for the purchase of $200,000 not to exceed 4% interest site acquisi¬ tion, building and equipment bonds. Due $25,000 from 1951 to will receive 1958 inclusive.. These bonds were authorized at the election held April 2% 27. of the A certified amount of $3,000 2M>s, of check on for the bid is required. 1 Wichita, Co." of second was O. Opima), Okla. County bids 10 until for 4 p.m. (CST) purchase of the certified of amount the for bid T ulsa, . . check receive for the bids until 10 a.m. follows: ment bonds. 340,000 sanitary sewer bonds. 340,000 storm sewer bonds. ' Washita County, Lake Valley Con. School District No. 4 (P. O. R. Gotebo), Okla. Sale—The ing and furniture May 2—v. 169, of to flecting about a $7,500 bonds City, net 1.88%.- 1958 inclusive. & on offered Canfield, a interest Due , build¬ 1934—were p. Calvert Oklahoma from bid re¬ cost of 1952 to The second high¬ est bidder was the First National Bank & Trust Co., Oklahoma City, on a bid reflecting a net interest cost of about Edward — N. Weaver, Borough Secretary, will sealed chase bids May on 10 until for 8 the p.m. pur¬ of $155,000 general obliga¬ Dated June 1, 1949. Denomination $1,000. Due on June 1, as follows: $5,000 from 1950 to 1974 inclusive, and $6,000 tion coupon bonds. from 1975 to 1979 inclusive. name the rate of Bid¬ interest, expressed in a multiple of Vs 1%. The approving opinion of of Burgwin, Churchill, Ruffin & Hazlett, of Pittsburgh, will be furnished to the purchaser with¬ A certified check for $3,100, payable to the Borough, is required. Etna, Pa. Bond Sale—The $100,000 gen¬ eral obligation bonds offered May 2—v. 169, p. 1719—were awarded - Thomas iy2s. Dated June June 1 from 1951 to 1960 inclu¬ & Co., of Pittsburgh, 1, 1949. Due sive. Harborcreek Twp. Sch. Dist. (P. O. 1,88%. was Butcher & at a Sale—The Pa. ' $217,000 gen¬ obligation bonds offered May 169, p. 1719—were awarded Halsey, Stewart & Co., as l^s, Due price of 100.16, 1.21%. on basis a Dated Jan. The bidder Moncure Biddle & was 114s, at Co., bonds follows: $100,000 by purchased $3,000 from 1950 to 1969 inclusive, and $4,000 from 1970 to 1979 inclusive. Sale Offering — H. D. West Wyoming Sch. Dist., Pa. Offering—Joseph KarcutDistrict Secretary, will re¬ skie, sealed Monessen, est a 6 000 169, p. 1719—was awarded to Ar¬ & Klima, of l%s, at a price of 100.779. Second high bid of 100.61 for l3/4s was made by the Lestrange Pittsburgh, Due $2,000 Dated $1,000. June 1 from 1950 to on inclusive. 1959 Bidders to multiple J-D. of A certified the par of 1%. Interest check for 2% of value of the bonds, able to the as Bond National Bank f.: The $11,000 fire equipment bonds offered May 2— v. 169, p. 1719—were awarded to Dallas, 1, 1949 and May 1 from 1950 to 1952 2s. as due Dated on RHODE ISLAND Warwick, R. I. Bond Heinle, receive sealed bids until 8 p.m. (DST) on May 17 for the purchase of $100,000 gen¬ eral obligation bonds. Pen Argyl, Pa. Secretary, derson, ceive (DST) clusive. of Bidders to interest, tiple of Due $2,000 to expressed in y8 of 1%. in¬ 1959 name the rate a The mul¬ approv¬ ing opinion of Townsend, Elliott & Munson, Philadelphia, will be delivered free purchaser, 2% of the bonds, of charge to the A certified check for face payable amount to the of Treasurer, is required. Note Sale The $4,800,000 64th series notes offered April 28 were awarded to the Farmers Deposit National Bank, of Pittsburgh, at 0.91% interest, plus a premium of $15. Dated May 24, 1949. Due on Dec. 20, 1949. — Additional Sale —The $327,000 64th series notes offered April 28 were awarded to the Central Han¬ Bank & Trust Co., of New York, at 0.93% interest, plus a premium of $6.54. Dated May 24, over 1949. Due on Dec. 20, 1949. Plains Twp. Sch. Dist. (P. O. the 11 re¬ a.m. May 17 for the pur¬ $435,000 coupon bonds, follows: as 1959 inclusive. to June 1, as follows: $25,000 on from and 1960 to 1967 inclusive, $10,000 in 1968. Dated June 1, 1949. Denomina¬ Principal and interest payable at the Rhode Island Hos¬ pital Trust Co., Providence. The approving opinion of Storey, Thorndike, Palmer & Dodge, of tion $1,000. Boston, will be furnished to. the purchaser without charge. SOUTH Greenville ries CAROLINA Housing Authority, S. C. Sale—The $395,000 8th se¬ notes offered April 28 were awarded to the Chemical Bank Trust & Co., of New York, and Asso¬ ciates, at 0.94% May 24, 1949. Due interest. on Dated Dec. 20, 1949. Lancaster County (P. O. Lancaster), S. C. Sale Bond — The $365,000 road and school bonds offered May 4— v. 169, 1827—were awarded to p. a syndicate composed of the Trust Company of Georgia, Atlanta, A. M. Law & Co., of Spartanburg, G. Co., of Columbia, g e r, Barnwell & • Co., Charleston, at a price of 100.06, a basis of about 2.19%, as follows: H. Crawford & and Plains), Pa. will until 210,000 public works bonds. Due Note Pittsburgh Housing Authority, Pa. bids on of the Borough Treasurer, $225,000 highway bonds. Due $25,000 on June 1 from 1950 will receive (DST) on Denomination $1,000. on June 1 from 1950 City sealed chase bonds. Dated June 1, 1949. coupon Offering—G. Conrad An¬ divided Bond Offering—E. G. Godshalk, Borough May inclusive. New Kensington, Pa. will — the First National Bank of Trust & Bond Offering—Louis G. Clerk, pay¬ District, is required. Sale Co., Monessen. City name the rate of interest, expressed in a , Peoples p.m. Wyoming, Pa. Sale—The issue of $100,bonds offered on May 3—v. Smith, group until funding coupon bonds. June 1, 1949. Denomination Pa. Bond Bond Offering — Michael Lonwill receive (EST) on coski, Secretary of the Board of May 17 for the purchase of $75,- Directors, will receive sealed bids 000 school bonds. until 8 p.m. (EST) on May 17 for the purchase of $75,000 improve¬ Harrison Township School District ment coupon bonds. Dated June 1, (P. O. Natrona), Pa. 1949. Denomination $1,000. Due Bond Sale—The $220,000 school $5,000 on June 1 from 1951 to bonds offered May 2—v. 169, p. 1965 inclusive. Bidders to name to bids (DST) On May 16 for the purchase of $20,000 not to exceed 4% inter¬ * Secertary, awarded $48,000 im¬ ' sealed bids until 7 p.m. 1827—were Pa. The — . thurs, p. Bond ceive Marple Twp. (P. O. Broomall), Pa. Bond Sale Details—The 169, 169, p. 1499—were awarded to Fauset, Steele & Co., and Singer, Deane & Scribner, both of Pitts¬ burgh, jointly, as iy4S, at a price of 100.20. The second highest bidder was E. H. Rollins & Sons, for l7/ss, at a price of 100.68. highest price of 100.13. a 2—v. to Singe.r, Scribner, of Pittsburgh. & Somerset, July 1 from 1950 to 1959 inclusive. for of 1, 1949. second $85,000 school May v. 3—v. a Dist. provement bonds offered May 2— eral about Sch. awarded were Bond Williams port), Township offered Sherrerd, for 214s, Lycoming County (P. O. Bond be¬ are May 17. on Sale—The — Deane price of 100.10. Harborcreek), Pa. Bond District $5,750,000 water works improve- awarded Offering on (CST) on June 7 for the purchase $6,430,000 bonds, divided as R. Bond Pa. Board, will of . Corapolis, as Widdows, at a price of second highest bidder May 13 for the purchase of $20,000 fire apparatus and equipment to is required. Okla. Utility sealed of Bank of The bonds 59 (P. O. Pricedale), Pa. Bond sealed bids until 8 p.m. PENNSYLVANIA ^ May $15,000 2% Bond Offering—A. M. • office on building and furniture bonds. Due $3,000 from 1952 to 1956 inclusive. A Treasurer's proving opinion of Winfree, McCulloch, Shuler & Sayre, of Port¬ land, will be furnished. A certi¬ fied check for $9,160, payable to the District, is required. out charge. — Oscar Brune, Clerk, will receive sealed National 2I/4S, as The par. De¬ at the fiscal agency of the State of New York City. The ap¬ ders to Securities July 1, 1949. or (DST) _ Bond Offering District Bond Clerk of the Board of Edu¬ cation, ■ .1 Texas County School District No. 9 District, Okla. Offering the Rostraver interest school coupon Dated receive 1955 inclu¬ ■; ;• First Attorney 200,000. limited a to bonds: sewer Kansas, as 1955 to . high bidder. bonds, net in¬ terest cost of about 2.13%, $132,000 1952 //././•; ; (P. \ ' The follows: '$385,000 from sive.•• $790,000 purchased by the Oklahoma of as in ,1951, and $9,000 lM>s, due from 1952 to 1954 inclu- Bend Sale Details—The bonds City, due OKLAHOMA various Oklahoma - sive. were , of $18,000 water, bonds: $4,000 2V2s, due in 1951, and $14,000 iy2s, $700,000;re^ 1826—were not sold, rejected. 169, v. — at awarded to the Small Mil- burn un¬ (MST) on June 8 for purchase of $458,000 not to , —were the Penbrook, v. $19,000 in 1953 'and 1954, $20,000 in 1955, $21,000 in 1956 and 1957, $22,000 in 1958, $23,000 in 1959, $24,000 in *1960 and 1961, $25,000 in 1962; $26,000 in 1963, $27,000 in 1964, $28,000 in 1965, $29,000 in 1966, $30,000 in 1967, $31,000 in 1968, and $33,000 in 1969. Prin¬ cipal and interest (J-J) payable Shawnee, Okla. Bond Sale—The $30,000 bonds offered on May 2—v. 169, p. 1934 Oct. 1 from 1950 to on of / ■ in noted nomination $1,000. Due Jan. 1, as follows: $18,000 in 1951 and 1952, April on certified check for 2% about 1.73%. School District No. 52 p.m. bonds. Bond Sale Details—The $30,000 building, repair and equipment bonds purchased by Evan L. Davis of Tulsa, and the First National Bank & Trust Co., of Oklahoma City, jointly, as previously noted in v. 169, p. 1718, were sold as l%s at a price of 100.06, a basis of bonds to Otis & Co., of Cleve¬ and A inclu¬ 1969 to previously exceed 4% 10 author¬ were 5 the Osage County Indep. Sch. Dist. No. 11 (P. O. Shidler), Okla. improvement sewer til the amount of the bid is required. May on follows: $167,500 until 1719 to Schmidt, Poole & Co., of Philadel¬ phia, as 2I/2S, at a price of 102.00, as previously noted in v. 169, p. 1719, are in the denomination of $1,000 and are due on May 1, as for George, Education, bids bonds to as not sold. were ing reoffered Township Sch. Dist. (P. O. Colonial Park), Pa. Sale—The $10,000 school bonds offered April 29 were of County School District No. 26-C (P. O. Nyssa), Ore. Bond Offering — The District May 10 for the $3,000,000 school bonds 1952 Clerk will receive sealed bids ized at the election held limited trix bonds offered as These Bank - Malheur $130,000 from 1952 to inclusive, and $140,000 in 1973 Willoughby, Ohio of to 3s and 3y2s. 1949 and due on 1, from May on sewer on L: of sealed on June 1 Dated Dec. 20, 1949. of par. were check Dated on Bond 23As, as $12. Lower Paxton 169, the v. — National States Portland 29 awarded were — of 24, 1949. Due 169, p. 1719—were sold at a price Due - 1974. y bonds authorized at the election held offered April 1827 p. 2%s, Due $130,000 from 1952 to 1973 inclusive, and $140,- 000 bonds Sale—The $175,000 school (P. O. 100 Bethel Drive, Eugene), Ore. Bond Sale Details—The $165,000 school bonds purchased by the State Bond Commission, for $90,000 as 2y2s, and $75,000 as Education will receive sealed bids until Jefferson County School District No. 9-C (P. O. Madras), Ore. Lane County interest City Sch. Dist., Okla. Offering — The Bpard of Bond will check ' Bond premium at Wichita, net April on sive. First Se¬ was author¬ were OREGON June sec¬ Oklahoma for A certified The Kansas, reflecting payable to the Board of Education, is required. (These are 'the bonds originally scheduled to be soid on May 2.) Education. , of cost of about 1953, • inclusive. 1968 curities follows: .as a bonds 26. United of Idabel, Clerk ,of the Board of Education, . These 2.98%. t . on (2043) awarded ized at the election held Idabel), ,1 (CST) CHRONICLE equipment and bonds. Canfield, of Oklahoma previously noted in v. 169, p. 1386—were sold as 3s, at a price of 100.13, a basis of about \ ' 1 building as City, 1949. Due May 15 and Nov. 15 from 1950 to 000 & vert 15, Dated May FINANCIAL May 11 for the purchase of $27,- hospital bonds purchased by Cal¬ ; 2.37%, Bond Sale Details—The $15,000 . . & ceive bids until 2 p.m. Cheyenne, Okla. Strcetsboro Local School District, Ohio COMMERCIAL • H u $135,000 as 1951 230,000 from 2s. Due on Jan. 1 from to 1958 inclusive. as 2y4S. 1959 to Due 1966 on Jan. 1 inclusive. Dated May 1, 1949. The second highest bidder was R. S. Dickson & Co., Robinson-Humphrey Co., and E. H. Pringle & Co., jointly, for $75,000 as 3s; $155,000 as 2s, and $135,000 as 2*4s, at a price of 100.04, a basis of about 2.20%. rate of interest, expressed in multiple of Vs of 1%. The ap¬ Singer, Deane & proving opinion of Townsend, El¬ Arthurs, Lestrange & Klima, all liott & SOUTH DAKOTA Munson, of Philadelphia, of Pittsburgh, and Stroud & Co., will be delivered free of charge to of Philadelphia, as 2s, at a price Eureka, S. Dak. the purchaser. A certified check of 100.41, a basis of about 1.96%. Bond Sale Details—The $70,000 for 2% of the par value of the Dated May 1, 1949. Due on May water works bonds purchased by bonds, payable to the District 1 from 1951 to 1970 inclusive. the Eureka State Bank, as previ¬ Treasurer, is required. (These are Johnstown Housing Authority, Pa. the bonds offered on April 22, and ously noted in 169, p. 1719—were sold at 2%s, at a price of par. not sold.) '» Note Sale The $1,054,000 9th Faith Ind. Sch. Dist., S. Dak. series notes offered April 28 were Bonds Not Sold The $75,000 composed of Blair & Co., Inc., Scribner, and a . — — Wewoka Sch. Dist., Okla. Bond Offering The Clerk of the Board of Education will re¬ awarded to the Chemical Bank & Trust Co., of New York, and Asso¬ ciates, at 0.94% interest, plus a 21/2, 23/4, 3, 314, 31/2, 3%, 4, 414 improvement bonds of¬ fered April 22—v. 169, p. 1719— or 4y2% . Bond Sale Details—The $13,000 refunding bonds purchased by the Farmers State Bank, of Faith, as i^nAWiWfiHroHtf* wkfan MKWWW*';!*".* &hh 60 *#*•■&*&***' ' (2044) previously 1387, THE noted in sold at were 169, price v. a p. ville, of basis of about 1.977%. Dated April 1, 1949 and due on April 1 from 100.50. TENNESSEE turing ' Offering: Mayor, a.m. (CST) purchase exceed 4% May 17 for $150,000 not to of Series water / 1949 funding bonds. 1, 1949, Denomination Due May 1, as follows: $5 000 in 1951, $6,000 in 1952 and 1953, $7,000 in 1954 to 1958, $8,000 in 1959 to 1962, $9,000 in 1963 to 1966, and $10,000 in 1967 to 1969. $1,000. of about J\ premium for each bond so called as follows: From May 1, 1959 to .May 1, 1963, a premium of $30.00; Nov, 1,1963 to May 1, 1966, a pre¬ mium of $20.00; and Nov. 1, 1966 and thereafter a premium of $10.00. Bidders to name the rate or rates of interest, expressed in a multiple of % of 1%. Interest Chapman for payable to the $3,000, Recorder and V " quired." • Treasurer, ■ ■ :•;; Due V' - v- '/ Sale—The $35,000 alms¬ general obligation bonds offered on April 29—v. 169, p. Due f 1.704%; 1949 and due Dated on April 1, April 1 from 1951 of Knoxville), 2% as in- without chaser at for the Dallas. " of a 1950 to 1969 The in in noted sold at has improvement rev¬ 1720, were as follows: p. as 3s. Due March on 1 Dated March 1, 1949. All of said maturing in 1960 to 1973 are optional on March 1, 1959, or on any interest payment date thereafter, upon payment of par and accrued interest. Lubbock, Tex. Bond Sale The — - ~ ' 1970 to : ' Southwest $22,474,000 Co., of Neuhaus derwood, Dallas, 1974 inclusive, Optional 20 years after date of issue on any ! . /:/;.•'■••."XPX'- //■' Bond 1828 p. 2s, at of in-1 terest * paying date at par. Bank, Milwaukee and as awarded to the were — National 1949. of Chicago, Co., jointly price of 100.10, a basis Dated May 1, a about 1.99%. Due May 1 from 1950 to on inclusive. 1969 Milwaukee Housing Sale Authority, Wis. The — El Paso, at a price of basis of about 2.45%, a as /-'/■ $675,000 8th April 28 were $285,- Airport Im¬ provement, general obligation bonds: $42,000 as ^V^s, due on May 1 from 1950 to 1959 inclusive; and $72,000 as 3V2S, due on May 1 from 1960 to 1969 inclusive. ■ ^ and 3 Vis, due on May 1 to 1959 inclusive, $30,000 as 3V2S, due on and and im¬ sewer extension bonds as previously noted 1280, were sold as 2y4s, 21/2S, 3Vis, and 3s, are dated March 15, 1949, and have been approved as to legality by Mc¬ Call, Parkhurst 81 Crowe, of Dallas. •/ '•/ . v.. and Columbus Securities Corp. of Texas, San Antonio, As¬ net a on bid reflect¬ a bonds ./ ./ Vt. $130,000 school May 3—v. 169, p. offered 1936—were & awarded to Cody, Wyo. piller, water works revenue bonds been sold to Underwood & Dallas, 1, as 3l/&s and 4V2S. 1949. has Co., of Dated Legality approved McCall, Parkhurst & Crowe, of Dallas. ./llESESaCtMSWB ' Offering—John Bond / Hutson- will receive (MST) on May 12 for the purchase of $130,000 not to exceed 4% interest City Clerk, Halsey, Dated June water bonds. coupon June 1, as fol¬ lows: $7,000 from 1950 to 1964 in¬ clusive, and $5,000 from 1965 to 1949. 1, Due on 1969 inclusive. from date of issue. Princi¬ about of 101.33, basis a of 2.095%. Dated May 1, May 1 from 1950 to 1969 inclusive. Second high bid of 101.30- for 2Vis was made by F. S. Moseley & Co. 1949 and due on VIRGINIA Henrico O. County (P. Richmond), Va. Sale—The Bond awarded to were posed account an Estabrook of East Thermopolis (P. O. Thermopolis, Box 310), Wyo. se¬ com¬ & Bonds Not accepted 1.60s, as at a City Offering E. E. Briggs, receive sealed p.m. (MST) on May purchase of $30,000 Clerk, 1, 1949 and mature not 1951 to 1969 inclusive. maturing and after May 1, 1960 on callable in are The bonds inverse numerical order, at par and accrued interest, on May 1, 1959 and thereafter. high bid of 100.78 for by a syndicate composed of Phelps, Fenn & Co., 1.70s made was Paine, Webber, Jackson & Curtis, Schoellkopf, Scott, Hutton Horner of and the Bank of mond. & Pomeroy, Mason, & Peoples Charlottesville, Virginia of Rich¬ •.//;■ v 12 for to bonds. the exceed Dated Interest M-S. The approving Pershing, Bosworth, Dick Si Dawson, of Denver, to¬ gether with the printed bonds, opinion of will be furnished to the purchaser without charge. A certified check for 5% of the bid, payable to the Town, is required. (P. O. Worland), Wyo. • Bond County, County Hospital (P. O. South Bend), Washington ' Offering t i the "scheduled prevented e s award to Sold—Legal dfificul- on April 15 of $550,000 not exceed bonds.—V. 6% 169, interest p. hospital bids until 3 7 for the E. M. Conant, p.m. (MST) June on purchase of $100,000 not to exceed 4% interest coupon hos¬ pital bonds. Due 1969 1500. — County Clerk, will receive sealed ■ Bonds Not water Washakie County District ' interest 4% March $1,500 from 1961 to 1976 inclusive. WASHINGTON Pacific — will 1, 1949. De¬ nomination $1,000 and $500. Due on March 1, as follows: $1,000 from 1955 to 1960 inclusive, and :/ n- were 2y2% $30,000 Upton, Wyo. Bond bids until 2 May 1 from the system bonds offered May 1—v. 169, p. 1500. price of 100.039, a basis of about 1.594%. The bonds are dated May on bids Sold—No for water works Co., New York, Equitable Securities Corp., Nashville, and F. W. Craigie & Co., of Richmond, 10 pal and interest (J-D) payable at City Treasurer's office. /' The approving opinion of Myles P» Tallmadge, of Denver, together with the printed bonds, will be furnished by the City. A certified check for 5% of bid is required. •' $1,500,000 Redeemable the / ries B school improvement bonds offered May 4—v. 169, p. 1720— $5,000 1,1949. Dated July on July 1 from 1950 to inclusive./A certified check for $1,000, payable to the County WEST VIRGINIA Bond Sale—The $75,000 Vv'X • WYOMING years price a West Virginia (State Moody, Tex. Chemical the to Trust at ' Bonds Sold—An issue of hv Bank Stuart & Co., New York, as 2Vis, interest cost of about "•■■■,/ notes awarded sealed bids until 7:30 p.m. VERMONT , Jan. Series $599,000 9th / offered April 28 p. Vergennes Graded Sch. Dist., 2,300,000 electric light system revenue bonds, as 2V2S. Co., Wis. The — 1949. works 169, v. as 1950 Dated May 1, 1949. The second highest bidder was John Nuveen Sale Co., of Dallas, in May 1, 1960 to 1969 inclusive. & Note $30,000 from . 1949. Superior Housing Authority, purchased by Rauscher, Pierce & water National Bank 60,000 storm sewer extension, general obligation bonds: Wisconsin First the to Bank, of Milwaukee, at Dated May 24, Due Sept. 2, 1949. interest. Co., of New York, and Associates, at 0.94% interest, plus a premium of $7.00. Dated May 24, 1949. Due on Dec. 20, Second Municipal awarded were Details—The Sale Un¬ of 2.74%. 'X $6,000 from 1975 to 1979 inclusive. Dallas. awarded ing and Dated 4s. as Legality approved by McCall, Parkhurst & Crowe, of April 28—v. 169, p. to a syndi¬ composed of the First 1720—were cate and com¬ Wis. $500,000 school 1948 bonds offered May 3—v. 169, Series notes offered Bond Sale—The bonds sociates, jointly ^ Inc., of Dallas, 000 $150,- sewer par, Co., from 1960 to 1973 inclusive. on account 1948. Merrill, ■ * Note Texas March 1, 1949. provement Details—The v. 169, price of a 105,000 and from Oakwood, as 2%s. Due on Match 1 from 1951 to 1959 inclusive. been $100,000 street improvem't bonds. Due $1,000 from 1950 to 1954 inclusive; $2,000 from 1955 to 1964 inclusive; $4,000 from 1965 to 1969 inclusive; $5,000 Marshall 1 ■:yyy\':'"-rA-y ■ $45,000: & Co., Inc., Sale consisted of: net interest cost of about 2.48%. '! June inclusive. Stephenville, Tex. inclusive. works and rate of 2.046%. sec¬ bidder was Provident Savings Bank & Trust Co., Cin¬ cinnati, and Weil, Roth & Irving Co., jointly, on a bid reflecting a Sale water posed of the Illinois Co. of Chi¬ cago, and Dallas Rupe & Son, second high bidders, named a net ond highest County (P. O. Lewisburg), Tenn. Bond Sale — The $250,000 gen¬ eral obligation bonds offered May 4—v. 169, p. 1828—were awarded to J. C. Bradford & Co., of Nash¬ 1973 1 bid reflecting a net interest cost about 2.96%, as previously /V"/-' '-'^'//vv; '/-■;; ' about 2.987%. / An net Due on May 1 from inclusive. pur¬ police' station bonds of¬ April 30 were awarded to Dittmar & Co., of San Antonio, and the Louis B. Henry Invest¬ ments, of Dallas, jointly, on a bid reflecting a net interest cost of interest cost of about 2.47%. Dated May 1, 1949. V;/. '/"■ street 1949 fered playground bonds offered 28—v': 169, p. 1828—were bid reflecting the Grand Prairie, Texas ' Sale—The $211,000 series • fire awarded to M. A. Saunders & Co., on a to bonds S. Hudson 'V • : • of Sold—An issue of $50,000 ' on 1969 1, 1949. The second highest bidder was First National June 1 on bonds purchased by the First Southwest Co., of Dallas, on a Bond check Bond Sale—The $110,000 parks Memphis, : enue Dallas, as 4s. Dated March 1, 1949. Legality approved by Mc¬ Call, Parkhurst & Crowe, of . and 000 of 2% of the bonds, payable to County, is required. April cost American National revenue sold to R. Knoxville, Tenn. 5 June on Due Lampasas, Tex. .,/• $114,000 Bond rates of interest, certified Due 3V£s.> 1970 to follows: water will be furnished to the purchaser A f ; . as from TEXAS . , expressed in a multiple of lA of !1%. The approving opinion of Chapman & Cutler, of Chicago, cost. Co.; of previously noted sold as 1720—were 3s. as Farmers Branch, Tex. .. " 'without & 1968 and 1969. 125,000 100.04, City, or the Hamilton National Bank, of Knoxville. Bidders to or the for Denomination $1,000. Principal and interest payable at the Chem¬ ical Bank & Trust Co., New York the rate as ■; p. ; extension sewer Edwards Co.; of nished y Due to L Due on Dec. Bond Sale—The First Dated June $130,- April 29 postponed.) April 1 from 1950 Principal and on inclusive. (A-O) payable at the County Treasurer's office. The approving opinion of Chapman & Cutler, of Chicago, will be fur¬ April 1, 1960, or on any payment date there¬ 1958 June I Bank, of Corsicana, on a bid re¬ vj flecting a net interest cost of about Bank, Nashville. A certified check $3,000 is required. (These are the bonds orginally offered on 30,000 1954 on inclusive. 2V4S. as from Due 1957 to bonds offered Pente¬ interest after, at par and accrued in¬ terest to date of redemption, name bids 1950 to & Co., of Houston, Rauscher, Pierce & Co;, Dallas, Rotan, Mosle & Moreland, of Houston, Dallas, Rupe & Son, of Dallas, Dittmar & Co,, of San Antonio, Eddleman-Pollok Co., Fridley & Hess, both of Houston, Martin, Burns & Corbett, of Chicago, Roe & Co., Russ & Co., both of San Antonio, Thomas & Co., of Pittsburgh, Cen¬ tral Republic Co., of Chicago, Wil¬ liam N. Edwards & Co., of Fort Worth, and Harold S. Stewart & to interest ' the will receive until 11 a.m. (CST) for the purchase of to exceed 3% interest Dated April 1, 1949. bonds. Due :.///\Z':; Due $25,000 on 1950 to 1969 in¬ clusive. Bonds maturing in 1961 to 1969 shall be callable in inverse numerical order, at the option of the County, on of County Judge, road April, from / 169, follows: rates Tennessee May 20 $150,000 not April 1, 1949. r amount face on 500,000 not to exceed 5% in¬ terest bridge bonds. Dated , Details—The and N. Worth, v. The approving Offering—Oayce sealed inclusive, and $135,000 in 1969. or A certified check for / Bond follows: $160,000 from 1950 to 1968 in Weakley County (P. O. Dresden), terestschool bonds. Dated June 1, 1949. Due on June 1, f the rate name the a.m. $3,175,000 not to exceed 6% ■ of cost, Sale Bond 1': payable to the State Treasurer, is required. (EST) on June 1 for the purchase of $3,675,000 bonds, divided as follows: / bonds. bonds bid for, Offering—George D. Montgomery, Chairman of the Fi¬ nance Committee, will receive sealed bids until 11 building opinion of Wood, King & Daw¬ son, of New York City, will be furnished to the purchaser with¬ Tennessee ^ Fort / tiple of Vi of 1%. Bond bonds, payable required.; on June 1, 1949. charge. 361,000 period over a 2V2S. as from Dec. 1 WISCONSIN 0.90% interest, expressed in a mul¬ out $189,000 Hereford, Tex. water $5,000 June 1, 1957. on Bidders to high bid of 100.07 for l%s was made by *the Cumberland Securities Corp. of Nashville. : Knox County (P. O. penal Due Denomina¬ Principal and interest payable at the fiscal agency of the State in New York City, or at the State Treasurer's office; to 1957 inclusive. Second . and tion $1,000. Nashville, as l%s, 100.221, a basis of serially as on National >/ .1, 1957. I^ated 1719—were awarded to J. C. Brad¬ May 16 basis of about 2.28%, a lyjs. Dated Dec. 1, Houston, and the Texas Bank & Co., of Dallas, at a price of 100.007, Due 1962 inclusive. 1954 to as Dec. \ inclusive.' on 1953 from 1963 to 1973 incluive. - Trust follows: to iy4S. as 880,000 Due 1949 from bonds has been sold to Hatcher & Due 1, 1959. and archives building bonds. Due on June ; on bids the J : y 000 1, 500,000 library ' / . June 1, 1958. on Bond /about June 500,000 office house ford & Co., of at a price of • 720,000 0 m m e r c e follows: as 4s. as from Bonds Sold—An issue of $50,000 water works and sewer revenue June 1, 1956. Dickson County (P. O. Charlotte), *'V Tennessee ' '•« • Walker, sealed (CST) p.m. for Bond 2,250,000 University of Tennes¬ see improvement bonds. Due re- Mercantile-C the 1.54%, $400,000 William June on ' institutions ' bonds. Town is of Co., of New price of 100.02, a basis a of about improvement bonds purchased by bonds. 2,500,000 charitable will be furnished to the purchaser without cost. A certified check awarded to 2.32%. i improve¬ 100,000 institutional bonds. approving opinion of & Cutler, of Chicago, C. receive the Town, is . The ''' ' .. more price , M-N. '.•'■• , than 20 years. A certi¬ fied check for 5% of the total bid . on will 7:30 of not $2,400,000 consolidated bonds. Due ' June 1, 1955. ,■ '; /..• 1959. - ..• / will mature ■- ment 1949 bonds offered 169, p. 1935—were a syndicate composed par. $50,000 not to improve¬ ment, Series 1949 bonds. The bonds of) 4,650,000 educational York, at Bond Sale—The $550,000 hospi¬ tal, Series May 2—v. W. H. Morton Si and County (P. O. Corsicana), Texas , exceed 4% interest street ing, Governor, will receive sealed a.m. (CST) on May 16 for the purchase of $12,900,000 bonds, divided as follows: ; 1959, or on any interest payment date thereafter at par plus a in¬ for the purchase of • bids until 11 .1, Navarro , May Offering—S. Mayor, until dated Hempstead, Texas ;• Bond Bond Offering—Gordon Brown¬ May 1, 1960, shall be callable in inverse numerical order on May paying date at are '"'V ■' '< r / i Due $5,000 from inclusive. Tennessee (State Such bonds maturing on or after , 1.90%. 1955 and Monday, May 9, 1949 Bank & Trust Co., of St. Louis* 1, 1949. City National Bank & Trust Co., Legality approved by McCall, of Kansas City, Dittmar & Co., of Parkhurst & Crowe, of Dallas. : San Antonio, Fridley & Hess, of Bonds bonds purchased 1950 to CHRONICLE Due after date of issue on any terest by the Bank of Ripley, as previously noted in 169, p. 1612, were sold as 2s, at a price of 100.33, a basis Dated May •t ma¬ Bond Sale Details—The $30,000 works fire FINANCIAL police .station $2,000 from 1950 to 1954 inclusive; $3,000 from 1955 to 1966 inclusive, and $5,000 from, 1967 to 1979 in¬ clusive. - Optional 20 ; years / Ripley, Tenn. y! & bonds: and accrued interest, April 1, 1954. par and after on on interest sewer, „ — Bonds 111,000 a on order, at W. S. Roper, receive sealed bids will until 11 and price of 100.256, a and after April 1, 1955, callable in inverse numerical are Covington, Tenn. the 2s, at as 1950 to 1969 inclusive. " Bond COMMERCIAL bonds offered 1936—were cate Treasurer, is required. awarded of CANADA $2,000,000 road May 3—v. composed to the a 169, p. ONTARIO syndi¬ Northern Canada (P. O. Trust Co., Harris Trust & Savings Bank, both Bosworth Trust & of Chicago,' Braun, Co., Inc., , of) Toledo, Co. of Georgia, of Atlanta, Treasury Bills Ottawa) Sold—An issue of $75,000 treasury bills on May 5, at 0.50% interest. Dated was May 6, 1949. Due Aug. 5, 1949. sold *