The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
v'fls'w
ittrei
3 19#
■;V
Fu 1
MONDAY
Reg. U.
S.
Office
Pat.
RAILROAD
PUBLIC UTILITY
-
INDUSTRIAL
-
Brooklyn,
a
10 Months $36,500,000—
made and delivered to the Government $36,500,000 in
radar and radio communications products in the ten , months ended
Oct, 31, and expects to produce and deliver approximately $45,000,000
worth of equipment to the armed services for the entire year, Ross
D; Siragusa, President, has announced.
These sales are the largest
in the company's history and compare with $16,000,000 for 1943.
The corporation has set a sales goal of approximately $38,000,000
for the first post-war year of unlimited production, which would com¬
pare with an output of approximately $12,000,000 in the last year of
civ.lian production immediately preceding the war, Mr. Siragusa dis¬
closed. ,'
* ■ V, [
■
"■
The
$38,000,000 production figure includes the domestic line of
radios,
refrigerators, electric ranges, and home, freezers plus export
and manufacturing of automatic record changers for other set makers,
Mr. Siragusa .said.
Of this output, a $30,000,000 volume is anticipated
for
merchandise bearing the Admiral brand, a $15,000,000 volume
in radio sales and an equal figure in home appliances.
Admiral has
established complete national distribution through approximately 70
companies.—V, 160, p. 1961.
payable
Dec,
•
—V.
160,
1073.
p.
This
In
Stock and Bond
(Bonds)
Curb
York
Baltimore
Stock
Inc.—20-Cent Distribution—
Detroit
Stock
Los Angeles
Inc.—Changes in Personnel—
Terminal
Corp.,
National
Chase
The
Bank,
the
of
160.
of
City
apnointed transfer agent for the common
York
New
The
stock and
of
declared
have
directors
14.
Power
Alabama
Gross
Operating
Prov.
1,222.393
Provision
for
taxes
1,057,247
12,514.016
9,096,429
273,600
expenses
deprec.
lor
$2,725,221 $31,780,710 $29,680,387
$2,800,217
revenue
265,600
3,259,200
3,140,400
770,320
8,723,657
9,178,633
731,000
_
$572,724
$7,283,237
3,209,399
D.
2118
$269,698
$345,910
$4,073,838
189,082
2,268,986
-■
$156,828
$1,804,852
$2,870,865
2120
2,268,986
$30,613
income
pref, steck_^„
on
W,
160,
2122
....
1944—3 Mos,—1943
' *$926,400
$946,910
30—
profit
Earnings per com. sha re
After
taxes
providing
for
and
$0.71
$0.69
$3,257,110
for
refund
estimated
194.4,
1,
than
effect to
To
preferred stock has been called for redemption
Retirement of the preferred stock will have the
Earns,
$1.54
the
directors
1944
on
common
record Dec.
June
a
credit for
10%
excess
profits tax refund.
1.
30 and
will
be
Oct.
stock,
declared
26
no
par
Distributions
a
value,
of 35
•
of
effect
as
per
payable
Dec.
cents per share
22
to
cents each were made on
holders
of
March 31,
'Sept. 30 of the current year.
Total dividend payments in
$2 per share, the same as paid in 1943.—V. 160, p. 1729.
2.319,708
,
said,
Sullivan
the
packers
in
the
company
on
Vice-President in charge of general line manufac¬
will assume responsibility for all the com¬
Taylor,
company,
of
announced on Nov.
President,
the
7.
packer's,
Mr. Taylor is also
a
company.
of
all
manufacturing
2,972,153
2,095,373
$1,250,328
$1.59
$1,016,338
$1,29
.
company
Missouri
built
at
on
Oct.
Pacific
the
St.
30 announced the receipt
for
1,000
all-steel box
RR.
Louis
plant.—V.
160, p,
American & Foreign Power Co.,
,
Order—
of
an
ears.
order from
They
will
1857.
Inc.—Files Plan With
SEC—To Have Common Stock Only—
com.
share.
provision
1,667,878
1,682,785
$762,817
.
$717,625
profit
inc
(&
and Electi'ic Bond & Share Co. have filed a joint
with the SEC pursuant to Section 11'(e) of the Act for
approval of a plan the stated purposes of which are the simplification ,
of
the
capital structure of Foreign Power by substituting for its
present capital structure one consisting only of no par value common
stock and debt; the fair and equitable distribution of voting power
among the security holders of Foreign Power; and. the settlement and
discharge of various claims and counterclaims among Foreign Power,,
Bond and Share and their respective security holders.
A hearing on the application will be held before the SEC on Dec. 12.
Foreign Power is a holding company, organized in Maine, which
has 101 subsidiary companies engaged in utility and other businesses
in. Argentina,
Brazil, Chile, China,
Colombia, Costa Rica, Cuba,
Ecuador, Guatemala, India, Mexico, Panama and Venezuela.
The plan, states that the public holds the entire $50,000,000 of 5%
debentures, due 2030, 465,195 shares (97.12% ) of the preferred stock
The
exc.
for
Reserve
profits taxes......
$0.91
,
.
Federal
excess
Subs.)—Earnings—
*1943
1942
$2,119,428
1,414,100
$920,070
500,700
1944
$2,788,251.
...
&
$0.97
for
necessary
was
American Barge Line Inc.
Net
Fed.
dividend of 95
$3,909,783
2,290,974
2,400,410
2,430,695
9 Months Ended Sept. 30—
,••••
:
..
3,027,458
3,111,711
considered
profits taxes.—V. 160, p. 618.
annual earnings on the common stock by slightly
share, the company stated.
The above figures give
Pay 95-Cent Dividend—
The
on
a
again be normal,
continue,
Mr.
company
application
increasing future
more
—.4.-
profit
Note—Nu"
Note—The
of
4,095;089
..—..—_
be
1941
1
$4,041,652
$4,948,440
the.
drill, exp.,
etc.
Net
contracts.
Dec.
depl.,
$2.17
[$1.93
income and excess profits
account of renegotiation of. war
Federal
on
income
Depr.,
1942
1943
4,222,431
Fed. tax...
after
Total
1944—9 Mos.—1943
$2,591,574 $2,889,972
Subs.)—Earnings—
(&
1944
income..$6,487,063
oper.
Profit
Allegheny Ludlum Steel Corp.—EarningsPeriod End. Sept.
*
Corp.
"Quarter End, Sept. 30—
Gross
Net
will
American Car & Foundry Co.—Receives
Petroleum
Amerada
1393.
p,
will
cans
manufacturing plants of the
supply
this
Figgis,
This
Balance
—V.
L.
plants under Mr, Taylor follows
the recent creation of a new department of research and development*
headed
by James A. Stewart, Vice-President,
who formerly was in
charge of packer's can manufacture—V, 160, p. 1521,
Dept. Store Sales in N. Y. District for
September
Net
Divs.
for
•Consolidation
........
R.
year,"
$5,139,851
189,082
Addresses
manufactured
last
pany's container manufacturing plants, both general line and
Governor Dewey's Final Campaign
3.125,074
than
season
to the limit of its
what fishermen on the Maine coast described
catch heretofore experienced. Only a few more
exceptional fishing conditions may be expected
production
C.
turing for
director
$8,264,925
286,144
ded.ucs,
other
and
$632,054
303,026
income
Gross
of
season
which
Russell
''
Int.
sardine cans have been
current
Consolidates All Manufacturing Facilities—
2091
L__
Addresses
more
at Lubec and
the coast of Maine.
Output
for the 1944 season, as of Oct. 21,
was 20%
more than the entire
calendar year of 1943, and this was done in spite of the ever present
labor shortage and need for using substitute materials.
Production in company plants this year has exceeded all previous
records, cans for nearly 3,400,000 cases having already been shipped
as
against a previous high in any year of 3,100,000 cases.
Necessity
for
prorating
cans
comes
about
through
the
unexpected record-,
breaking run of fish this season.
It has been reported that additional quantities above the 55%
of
the pack already
set aside for Government use will be required
...2091
Texts of Roosevelt's Concluding Campaign
Stock and Bond Averages
$5,906,632
said on Oct. 30,"
Sullivan said, was operating
present
container
Portland
Stock* Exchange__.2091
Transactions New York Curb Exchange
1944—12 Mos.—1943
1944—Month—1943
the
Capacity
2115
Federal Reserve System
Co.—Earnings—
Sept. 30—
$4,135,075
1944.
the
in
Mr,
because
largest
of
demand
when
Condition Statement of Member Banks of
Transactions New York
Period End.
the
sardine
2115
Reserve Banks
the
on
Nov.
record
capacity
2108
Clearings
far
so
company,
weeks
Foreign Exchange Rates._.____2114
Combined Condition Statement of Federal
Dividend—
deliverd
The
Dividends Declared and Payable..2111
dividends of $4.50 per share on the
preferred stock, both payable Dec. 20 to
A similar •distribution was made on June
29, last, and on June 26 and Dec. 24, 1943.—V. 160, pp. 1521 and 1857.
•
ordinary
holders
2105
2107
Section
Markets
The Course of Bank
Alabama Great Southern RR.—$4.50
,
surplus Sept. 30,
160,, p. 529/
American Can Co.—Can Output Up—
and
News.2065
State and City Bond Offerings and Sales.__2123
Redemption Calls & Sinking Fund Notices.2110
been
has
$6,498,901
202,304
389,365
.
Sullivan, Vice-Preside,t;
General Corporation and Investment
stock, par 50 cents per share.
389,965
202,304
dividend
"Thirty-seven per cent
.
as
1857.
P.
$5,617,698
881,203
$4,727,344
^
2104
Miscellaneous Features
Agent—
Aircraft Accessories Corp.—Transfer
—V.
Over-the-Counter
$4,046,484
680,860
—
,
dividend
Earned
.2106
Exchange......2104
Toronto Stock Exchange—Curb
re-elected Secretary-Treasurer.
was
I
...
operations of the British
Ended Sept. 30, 1944
Company
Consol,
1943.
31,
;
Preferred
Stock Exchange......^....2106/
Stock
Surplus Account For 9 Months
surplus Dec.
Common
Montreal Curb! Exchange^-.;
Toronto
Herbert J.
Lyall, Eastern Traffic Manager of American Airlines,
was elected
President. D. A. O'Connor. Northern Division Manager of Eastern Air
Lines, was elected Vice-President, and W. S. Allen,, Manager of the
stockholders held on Oct. 31,
meeting of
annual
the
the foreign subsidiaries have been in¬
at the official rates of exchange.
include the results of
the month of September.
proiit
W.
Exchange..
*$811,151
_____
Total
..2103
..^.....2103
'■
-
Air Lines Terminal,
Net
Exchange..2104
Stock
St. Louis Stock
I Montreal
At
Exchange..^
Exchange
125,000
$586,488
*$881,203
$680,860
operations of
Crl42,000
•
125,000
,
Pittsburgh Stock Exchange..
>
of
Crl20.000
___—
period.
1,964,818
1,500,000
1,983,866
Crl46,072
Crl24,00G
consolidated statements
the
Earned
Earned
2102
i__.
.2102
_._______.2102
Stock Exchange.
Philadelphia
exc.
2101
-----
Exchahge___J
Stock
Cleveland
On Sept. 3, last,
the
subsidiary for
Exchange.;.;
Cincinnati Stock
27,379
1,533,000
results
cluded in
2101
Exchange
$3,008,967
222,783
27,215
184,429
(est,).
The above figures do not
Exchange.
Stock
$2,211,026
119,538
$2,930,805
—
conting.
for
*The
2081
2092
(Stocks)
and
inc.
refund
for
Profit
Page
Stock Exchange
New York
New York Stock Exchange
$2,924,649
84,318
223,654
93,235
89,441
'
subs.
t'axs
profits
Quotations
$2,098,883
17,171
94,972
$2,322,537
123,252
$2,179,301
for
Prov.
Issue
Prov.
Boston
$2,024,071
31,978
.
deductions
div—foreign
Post-war
New
.
subs,
foreign
Total
•:
common
30.
income
from
Company
$2,837,570
199,957
Balance
Misc.
Consol.
$3,203,121
278,472
Consol.
$3,083,631
246,061
$2,224,028
Earnings
Div.
-1943-
—1944——:
Company
30
Depreciation*,
Pfd.
Nov. 6 declared a regular dividend of 20 cents pel
stock, par $1, payable Dec. 8 to holders of
the company paid an extra dividend
of 20 cents and a regular of like amount.
Payments of 20 cents each,
were also made on March 8 and June 8,
1944.
In 1943, the following dividends were paid:
March 25 and June 25,
12% cents each; Sept. 25, 20 cents regular and 35 cents extra; and
Dec. 24. 20 cents,—V. 160, p. 1393.
the
on
"9 Mos. End. Sept.
Other
directors q,n
The
the
holders
to
11
Chicago Stock Exchange
record Nov.
Bank Note Co.—Earnings-
American
-
dividend of 50 cents,per share on
of record Nov. 20.
A
like amount was paid on March 10, June 10 and Sept. 11, this year.
On Dec. 10, 1943, a payment of $1 per share was made.
Prior to the three-for-one stock splitrup in Oct., 1243, the company
paid $1 per share on March 12, June 10 and Sept. 10, 1943.
.
..
v
'The directors'also declared the usuaf quarterly dividend of
1 % To
on
the preferred stock, payable Jan. 1- to holders of record Dec, 11.
stock,
common
"Corporation
share
Dividend—
MISCELLANEOUS
-
■
Philip A. Benson, President of the Dime Savings Bank of
been elected to the board of directors.—V. 160, p. 1961.
declared
The directors have
has
Air Associates,
INSURANCE
-
Aluminum Co. of America—50-Cent
Director—
Abraham & Straus, Inc.—New
Copy
Corporation and Investment News
General
•Admiral Corp.—Output in
York, N. Y., Monday, November 13, 1944
New
Number 4333
Volume 160
60 Cents a
Price
'
1,936,700
177,000
239,000
75,000
$674,551
$466,328
$344,376
$2.24
contingencies.
$1.55
•
$1.15
.
Net
income
Earnings
per
....
share....
•
*Revised
figures.—V.
160,
p.
1857.
•Miwiii'tiHiiimmiirt
FIRM
SPECIALIST / V
FLORIDA & NEW JERSEY
Bids
Municipal Rands
-
-
"
P
Offerings
I
Unlisted Securities
For
MUNICH'*r>*'°'VKTMENT
If
Brokers, Dealers, Institutions, Corporations
Kobbe", Gearhart & Company
qAllen & Co.
Established
80 BROAD
Telephone:
STREET
HAnover 2-2600
.
§
BLOCKS of SECURITIES
which
|
45
NY 1-573
I
Members New York Security Dealers Association
NASSAU
NEW YORK 4, N. Y.
Teletype:
found
small
are not
readily marketable.
g
|
INQUIRIES INVITED
INCORPORATED
,
1922
Bell
Banks, Corporations and Individuals have
us an effective market place for large or
Telephone
REotor 2-3600
STREET,
NEW
YORK
Philadelphia Telephone
Enterprise 601<S
5
' Bell
New
HILL, THOMPSON & CO.,
120
Teletype
York
1-576
Broadway, New York 5, N» Y.
INC.
|
f|.
■
contemplated' in and
substitution for the present security
the
of
action
and
2030
.
•
the foregoing Foreign Power will create an.
of new debentures with the same provisions
lawfully permitted as those of the $50,000,000 gold
debentures, 5%
series, due 2030, now outstanding, which debentures,
may be a new series permitted under the agreement dated March
1,
1930, between Foreign Power and City Bank Farmers Trust Co., as
trustee
•'
'
' ' ■
•' •'
'
that the rights of the holders of Foreign
Power's existing 5%= debentures will not be disturbed; that-the holders,
other
than Bond and Share, of Foreign Power's existing
preferred
stock ($7) will receive, for each share hpld, $80 of. new 5',% debentures
due 2030, $20 in cash and one-half share of common stock;
that the
holders, other than Bond and Share, of Foreign- Power's existing $6
nreferred stock will receive, for each share held, a like amount of new
debentures and cash and 3/7 of a share of common stock;
that the
holders,
other than Bond, and Share, of Foreign Power's existing
second
preferred stock, serios- A ($7), will receive, for, each sha^e
held, one-half share of common stock; and that the holders, other than
Bond and Share, of Foreign Power's existing- common, stock will receive,
for each share held, 1/5Q; of a share of common stock.
" •
I Bond and Share will be divested of, all of its present interest, in and
against. Foreign Power and it will trahsfer to Foreign Power $19,500.000.•
.of debentures, due May 1, 1948,r of Cuban Electric Co., a: subsidiary
of Foreign Power.
Bond and Shkre will receive cash in the amount
of $1,592,210, $6,368,700
of 5% debentures due 2030 and 1,897,693.
shares of common stock."
'
'
'
-Of the total new capitalization of Foreign Power/ security holders
other than Bond and Share- will own $112,912,500 of &%■
debentures ^
due 2030
and 24.1%
of common stock.
Bond and Share will own
$6,368,700 of'5% debentures due 2030 and'75.9% of common stock."
Foreign Power may borrow on notes payable to banks an amount
not in excess of $5,000,000
to be used together with cash on hand
for the payments to the public holders of its existing preferred stock
($7) and $6 preferred stock and to Bond and'Share as set forth"
shall
thereof
holders'
tively
more
shares
full
debentures
such
for
or
one
more
or
year
'
-
While
plans
."
\
the
Court to
when the
their
for
Net sales
Cost
Machine
Other
160,
i
Treasury
Department
,
Power
$293,014
—
$807,074.
.
week
(
$1,814,402
$523,464
11,186
Net
The
is
a
a
with, the
first
$1,866,637
63,013
$1,755,686
3,974
131,500
403,000
1,275,900
1,321,000
———
$.156,334
—
sharel,!"'
per
$0.46
hef.
$130,128
t$0,47//
$430,712
$527,724
income
(net)
.!
t$1.54
,
*$lj&7
among
and
its
is
and
taxes
in
Oper,
common
tribution.
Preliminary
as
holders in. such a manner and upon such terms
be approved by the Commission and American
shall
as
to
submit
detailed
-
transactions
plan
providing
for
such
contemplated, by the plan
dis¬
summarized
follows:
Recapitalization of Milwaukee Gas Light Co. and refunding of that
company's outstanding first mortgage bonds and preferred stock.
of
Company Alone
1944—12 Mos—1943
$3,022,007
564,299
$1,618,356
$2,324,951
$2,457,708
613,903
653,243
827,137
877,798
$964,598
$965,113
$1,497,814
$1,579,910
900,000
900,000
1,200,000
1,200,000
$65,113
$297,814-
.
shares held
Account
Income
$5,124,194
373,143
46,078
153,786
202,251
208,791
631,561
649,792
Total' net
140,811
5,475
5)536
245,509
87,285
89,584
386,934
Net
1,996
8,506,415
8.603,349
3,950,600
5,267,467
5,267.467
214,602
270,125
284,183
$3,544,323
$3,479,684
$4,704,653
$4,545,368
613,903
653,243
827,137
877,798
2,930,925
2,826,441
3.877.516
$1,800,048
$1,959,294
1,130,877
867,147
adjustment-^-/
$2,930,925
$2,826,441
sh,__
$0,38
$0.45
2,492
4,457
8.92Q
$539,406
$441,822
$1,585,266
$1,817,907
inch
inc.
inc.
$2,463,786
^On
of
shares
2,343,105
•
$2,581,284
1,413,730
1.086,286
$3,877,516
$0.54-
$3,667,570$0.59
spec,
com,
per
common
special tax adjustment)—V.
or
is
believed
to
Arizona Edison Co
required for
be
dividends
stock after preferred
160, p. 1962.
Light Co.
(&
1944—3 Mos—1943
$650,525
173,317
181,336
—
$636,113
173,814
revenue
Subs.)—Earnings-
oper.
162,940
37,179
taxes^
54,171
199,835
174,121
70,991
56,244
308,891
185,753.
66,600
66,600
262,484
271,480
$71,262
-
—
595,188
172,039
income &
profit
excess
Depreciation
602,009
42,207
.
for Fed,
Prov.
$2,345,114
619,924
629,595
129)604.
49,343
exp.___——
Maintenance
General
1944—12 Mos—1943
$2,453,867
& water
gas
purchased
vStaxes—
—
—
9,931,110
2,636,300
9,958,787
11,726,020
11,825,471%
Other income
9,583,607
10,365,917
39,504,646
100,387
83,390
396,233
43,238,601
317,859
Interest
"Net
39,900,879
4,146,289 "
3,854,230
16,188,817
5,537.705 *
1,536,291
6,595,077" 23,712,062
1,786,149
6,597,898
4,001,414.
4,808,928
17,114.164
20,659,378
9,225.
48,4,72
oper.
57,297
5,31)6
$80,634
6,029
$303,534;
—
22,420
$344)4.64,
21,078
——
$76,658
$86,664
$325,954
$365,542-
28,905
45,022
150,222
635
726
rev.—
income
Gross
43,556,460
10,449,307
9,683,994
Inc.—Earnings-
f
Period End. Sept. 30—
2,931,859
I1
_____
deductions
dividends
Px-eferred
197,7,79
2,904,
10,687
5,625
___
1,859=
and
public
—
15,735,249
to
pub.
$40,916
$163,186
487,728
528)644
482,781
$528,643
$691,830
$647,640
—.
begin,
$164,859
$41,493
534,761
$576,255
Balance
Surplus
_____
divs.
3,667,570-
"
special
bef.
2,920,467
'
deductions
^Preferred
special
inch
2,571,138
Ealance
Amer.
Co., Inc.
$1.24
81.05
$0.28
$0.26
revenues-!
(net)—-
to
of debt
of
adjustment
(before
depl.
&
income
int.
other
6,457,829
3,950,600;
subs.^_
adjustm't—see
tax
Net
Other
Net
6.390,665
subs.
of
im
& EL
inc.
Net
income
Gross
660,201
share
_-!_
oper.
853,695
$18,748,660 $18,700,367
2.08,433
inc.,
tax
!
taxes
Other
402,071
$14,094,526 $14,102,715
Special tax adjustment!
of
Power <Ss
r.etire."
0,705,600
807,509
Other
reserve
6,498,910
—684,061
etc.,
Net
1944—3 Mos—1943
1944—12 Mos—1943
SiUifiifliaricsj1 •/
t
■
1
jjj,
Operating revenues-,— . 34,384,106 - 33,019,263 140,703,890- 130,181,085
Operating expenses
13,833,133
12,768,556
55,559)224 49,163,933
Federal
taxes.
' 5,475,761
4,316,631
23)955,213
16,021,970
Other
5,082,390
divs.
tax.
period End. Aug. 31—
Prop,
6,701,840
4,825,546
below
•
profits tax,—V. 160, p. 530,
American
6,598,554
& depl,prop,
acct,
int.
W/W.
575,919
1,827
provision has been made
Note—No
12,271,173
4,977,110
8,745,500
5,160,730
977,387
794,296
20,250
99,020
after pfd. div. require.
excess
943t 706
197.548
98,934
incomecom.
per
21,943,659
9,225,381
amort,
Interest,
Net
consol, subsidiaries—_
Earns,
24,563,553
income
Balance
.
propor-
inc.
28,730,283
11,743,804
maint.z._
-
invests.--
net
of
-
etc.,
disc.,
262,974.
1,646
interests'
$77,501,445- $73,202,100
32,530,453
amort, of debt
premium (net),
of subsidiaries^-
Minority
141,796
Prpv. for conting, res.—
tion
$0.18
Subsidiaries
1944—12 Mos—1943
1944—9 Mos—1943
income
Preferred
$5,441,871
569,873
eign income tax-j—296,933
Min.
and
disc. &
and for¬
of
Company
$379,910;
$0.13
Interest,
51,666
Depreciation.,Depletion
Write-down
of
$58,370,180 $.55,446,065
&
of
Amort,
•
114,540
104,643,
-r
shares
outstanding
in system)
retire.
of
per'd
27,821,211 "
7.16R833
Total
——
Less;
Balance
Portion
.
to
applic.
Refinancing
min.
Federal
1.0,986
interests
Dividends
Net
;of
equity
in
paid
42,323
(net).*.
38,979
prior years_;
tax
Cr48
:
17;188;
73,301
(net)
______
62,829-
income
subsidiaries
American
adjustments
income
Sundry- adjustments
3,990,428
—
Power
4,799,703
17,065,692
20,602,081
Surplus
-V.
&
160,
p.
end
of
$576,255
period-
"
$528,644
722.
Light Co—
Other
(as
3,990,428
above)—
54,787
income
4,799,703
22,914
17,065,692
162,101
20,602,081
71,811
Anchor Hocking Glass Corp.
.
Total
Expenses
Int.
&
Income
4,045,215.
—
z
—
other
132,955
■
deducts.
taxes
•
4,822,61.7
=
( 454,214'
2,375,807
146,845
656,289
579,816
56,146.
94,896
.
-t
Not
20,673,892
439,680
2,699,322
1.7,227,793
profit from operations
,_!__
for inc. & exc, profs, taxes—
Prov.
Bal.
to consol. earned >
surplus
—a—
'Full-dividend
earned
or
? r '
:
$3,237,548
■
'.r
j-
■
83,963)337 $14,016,966 $17,203,510
requirements applicable to respective'periods! whether
unearned.—V/160,
p.
1394;'
'
-
(& Subs.)—Earnings—
1944 '
$6,866,372
5,008,6Q6
1943
$7,562,365
5,991,100
1942
$5,529,226
4,233,701
$1,857)766- $1,571,265 $1,295,525
$2,35r
$1.95
$1.57Note—Deduction has been made for depreciation and
all other
charges (including provision for year-end inventory, adjustment- in
amount; of $200)000 for 1944), and income and excess • profits taxes*.
Provision for income and excess profits taxes for the 12 months ended
Net
331,380
380,806
12 Months Ended Sept. 30—
profit.
Earnings
are
of
604,262
taxes-
Other
.
;
the
405,012
2,343,105
on
exps.
Deprec.,
,
costs.—
oper.
Prov. far U. S.
Net equity
the deposit required to be made for the benefit of the
-required
for
increase
corresponding
$2,929,213
.
Federal taxes on
,
conditions
Light
an
the
$2,023,368
dividends..—
Gross
$1,273,181
$1,650,034
etc.
than ind.
taxes incl,
other
310,818
382,542
income-
Takes,
will
holders the., plan, provides that, American .-shall carry out
the second step of its liquidation by distributing its remaining assets
preferred
company
kwh.,
for
$1,578,501
earnings
Gross
SEC
deposited.
so
kwh.
$1,998,036
____
Consolidated
step
After making
Account
_________
(excluding
1944—9 Mos,—1943
$$,670;967
$3;714,226
1,453)227.
1,727,645
1944—3 Mos.—1943$962,363
$1,267,492
below.
items
Pay.
under employees'
annuity plan/---.—!- :
'
deposit in trust an amount equal■ to the par
value
of
the outstanding
preferred stock, or $25 a share plus an
amount equal to the unpaid dividends.
The amount to, be placed, in
trust, exclusive of unpaid dividends, is $13,048,100.
American pro¬
poses to use approximately $8,750,000 of funds now held in its treasury
and to borrow, temporarily the balance or to obtain the balance by
selling a portion of its assets. .At any time after the deposit the
preferred stockholders will be entitled to receive their pro rata share
of the cash
this
of
85,772,000
75,789,000
re¬
Admin, and gen. exp.,
and dissolution as soon as practicable in
Light
1944.
15,
$64,598
etc.
share
Per
tributiqn of the remaining assets in kind to the common, stockholders.
.American
properties
totaled
of
1944—9 Mos.—1943
income
Preferred
(Including Subsidiary Companies 80% or More Owned)
Total
involves the payment to the prcferied stockholders,
of the amount to which they are entitled in cash and the segond, step
involves the consummation of a series of transactions and the dis^The
trustee,
debentures
Oct.
;-
electric
1944
30—
earnings
Electricity,
plan
dated
36,061
deducting
,
Other
providing for its
two major steps.company is- a subsidiary of United Light &. Railways Co,, which'
part of the United Light & Power holding company^ system.
filed
has
been appointed
419,535
count,
$1,719,625
52,235
,
1,522
Period End, Sept. 30—
American Eight <& Traction Co—Files Plan at SEC—
company
has
indenture
an
755,007
,
$534,650
_•
profit
Prof.
ai'e to be deposited with the trustee of American's deben- '
as substitute collateral for securities being sold.
Tire purchasers- are partners in Benjamin N. Kane Investment Co., •
family partnership.—V.; 160, p, 1289.
The
4,
output
the
Expenses
$2,474,632
1,084,037
American Metal Co., Ltd.—Earnings—
Proceeds
liquidation
under
1943,
of
Operating
.
the
of
Nov.
adjustments
ture indenture
a
output
over
Earnings—dividends, in\
terest, etc. _!
____
in" 1944 minority interest in United-States Gauge
Co, earnings,-amounting to $2,511.
(Based on. 342,250 shares, out¬
standing on Sept.. 30, 1944.
(Based on 273,800 shares outstanding
.on;Sept. 30, 1943.
glncuding minority interest.—V. 160, p. 618.
of
'
York
of. New
issued
V. 160/p. 1858.
Period End. Sept.
27.812
and
taxes
'After
a
..
Trust Co.
1969,
ending
13.20%
1944 only)
$2,898,439
283,610
22,635
deductions
profit
"Net
approved Oct. 30 the pro¬
posal of- the company to sell all of the common stock of the Bangor
"(Me.) Gas Co. to Irwin K. and Sidney A. Kane, Providence, R. I„ for
$122,500 plus net earnings available for common stock from »Aug. 31
tp. the date of sale,
The stock consists of 6,000 shares of $80 par
value.
15,
Period End. Sept, 30—
Net
and Exchange Commission,
Securities
.
American. Water Works & Electric Co., Inc.—Output-
Bangor Gas Co. Shares—
The
Oct.
Power
1944—9 Mos.—1943
$4,691,412 $15,632,887 $13,071,222
3,884,338
12,734,447
10,596,590
$708,384
415,373
sales
on
negotiation
the Act.
Co..— SEC Permits Sale
4,075,538
income
Reserves,
i
American Gas &
to1 go over the entire matter?
charges as made by OPA,"—
■■{/
The. Guaranty
week
'
1C74-.
p.
$315,646
its, effectuation
that
states
States
officials for Nov. 8,
emphatically denies the
See offering in
Metals, Inc.—Earnings—
$4,783,922
____
profit
§Other
is subject to obtaining
closing, agreement or
closing agreements . as. to, thp tgx nop,sequences., of the transactions
necessary
to Carry out the plan which will be satisfactory to the
managements of; the corporations, affected, and subject to the Com¬
mission's reciting in its order that tho relevant transactions of the/
plan are necessary or appropriate to the integration on simplification
of tho holdings company system of which Foreign Power is- a member
and
necessary
or
appropriate to effectuate the provisions of Sub¬
section (b) of Section 11 of the Act, all in accordance with the meum
ing and requirements of. the Internal Revenue Code as amended; in- '
eluding Section 1808 (f) and- Supplement R thereof,—V. 160, p. 1857.
also
United
statement denying
a
1730.
p.
Balance
-
plan
issued
registrar and paying agent for $100,000,000 of 25-year 3%>
1944—3 Mos.—1943
_____
___
Operating profit
.
accounting services.
the
and'
desist
records/pending final
proper
President of the company,
OPA
company
160.
Net
stockholders' derivative actions specific¬
ally enumerated in the plan and any claims
involved in the pro¬
ceedings, as enumerated in the plan which were instituted by and are
pending before the Commission.
The Commission is petitioned, if itapproves the plan to fix and determine the amounts of the payments,,
if- any, to be made by Foreign Power to the plaintiffs'or their attor¬
neys or accountants in the court actions enumerated in the plan by
way
of reimbursement for disbursement or allowances for legal or
-The
keep
•
by OPA
motions
to cease
American Tobacco Co.—Trustee & Registrar—
full
will not effect
Light
American
of
&
Expenses
in
action
with
ranged
V.
^
or.
of
hear
company
Int., amort, of debt dis¬
its subsidiaries or predecessors to the effective '
date of the plan, including in such claims but without limitation there¬
to, those specifically referred to in the plan which form the alleged >
causes
and to
regulations.
court to
made by OPA.
Mr. Park stated: "We are amazed at
the OPA in view of the fact that a meeting was ar¬
of
action
due
disposition.—V.
sales
of
Gross
plan provides that the approval of the plan by the Commission,
confirmation by. the court and its consummation by the parties
shall have the effect of a complete compromise, settlement and dis¬
charge of all claims and counterclaims of the parties or their various
security hplders as such, against the parties and wholly-owned sub¬
sidiaries including, but not- limited to, those relating in any way to,
arising out of- or involving service or construction fees or charger, or
the debt or .security holdings of- Bond and Share in Poreign Power
and
its subsidiaries or predecessors or the conduct or management
for
violations
price
Park,
charges as
this
Co.
Period End. Sept; 30—
The
Power
alleged
William
.
Income
it,s
Foreign
by the
hearing,
'•
■
been fixed
has
and American to comply, with,
liquidation
complete
American
Commission ap¬
proceedings for •
and Share request, if the
vital records required by OPA
preliminary injunctions requiring the
in
1941, insofar as United
Railways is concerned, the application states it will constitute the
major step in
that direction by distributing to ■the public a, large
portion of outstanding common stocks of the Michigan and Wisconsin
operating subsidiaries.
United Railways, being the direct owner of;
the remainder of such securities, will be in a position to formulate,
/
'
,
-Foreign Power and Bend
from
Coal
American
ration
compliance with Commission's order of Aug.
*
effective
proves the plan, that the Commission institute court
its enforcement as contemplated by Section 11 (e) of
basis
for
Philadelphia, filed-
at
District Court Nov. 3 against the company.
with false grading of meats and selling them
The other charges the company with having1
bank accounts by, millions of points and with
S.
prices.
its
Administration
Price
of
U.
company
ceiling
failing, to keep
tho Com-mission's order of Aug, 5,
1941.. Complete: liquidation of American
Light will effeqt full compliance with, that part of the Commission's
order requiring American to dispose of its interests in Detroit Edison
full $100 principal amounts of debentures, or one.,
of common stock, such scrip may be exchanged
or shares as the case may be within a period of
the
after
thereon.
of
decree.
United Light & Railways Co.,
or for
date of the plan.
All debentures and
shares of common stock reserved for issuance .in exchange for scrip
and not issued in connection therewith within, the one-year period
Will be sold by Foreign Power in the open market within 60 days after
the expiration of ,such one-year period and the sole rights of. .the hold¬
ers
of
such scrip certificates thereafter shall be to their pro rata
shares
of
the
respective
proceeds of such sales - without
interest
one
its
enters
(Including profit of United States Gauge Co. since April 1,
fractional
be issued in lieu
which will not be entitled to any debenture holders' or stockrights, except that when combined in lots aggregating respec¬
for debentures in fractions of. $100
shares of common stock will be issued but scrip will
charges
overdrawn
The
and
in, the
suits
above
states that liquidation of American Light is desir¬
business standpoint and is necessary to enable its parent,
a.
office
district
The
One
application
able; from
977.
p.
two
„
certificates
No
Court
The
,
above.
the. Commission to apply to Federal-District
plan, and in that event it will become effective
the
enforce
160,
American Stores Co.—OPA Files Two Suits—
plan
request
Federal
,
.
approximately $900-000 more than for^ the similar period of 1943—
pipe-line com¬
it will be submitted to
vote of, stockholders.
If plan shall become effective by-a vote of the
stockholders, it shall become effective as of date of the vote,
if plan
should not become effective by a vote of stockholders,
the company
the
1944, the company's- contingent reserve-
For, the first nine months of
is
November, 13
approves
;
'
'
Commission
the
After
;
third quarter earnings^ Charles R/
$500,000 retroactive wage increase recently
a
$300,000 more, than was created, during the same quarter of 1943.
was
*
Light.
American
of
that
Kaheas'City, Mo,,' a wholly" own'ed Annco subsidiary, has
charged to third; quarter operations;
Also, he revealed; that
Armco's contingent, reserve .-set. aside during the- quax'ter,. just ended
Light's invest¬
Utilized' in financ¬
;i'
After
the various
transactions contemplated have been completed
or
arrangements made for their completion . the common stocks of
Michigan Consolidated Gas Co., Milwaukee Gas Light Co. and Madison
Gas & Electric Co. would be distributed pro rata- to common holders
plan
the
in
stated
is
It
t-On
Corp.. of,
'Michigan Consolidated/ Milwaukee Gas Light
project.
the
tax,
been
stock of Detroit Edison Co. will be
in common
ment
ing
$1.35
profits
excess
Revenue Act.
by the War Labor Board for employes' of tha Sheffield Steel
-ordered;
and that greater portion of American
and Madison Gas,
be
may
as
charges
all
$5,404,405
Note—Referring to the decrease in
V.
$69,281,200
of
insofar
—
of? a
will be owned by
$0.64
tax. and
normal
HooK, President, said
contemplated that the. common,-.stock of the new
It Is
pany
with
connection
fn
issue
in
Building
new company to construct,* own and; operate »a,
"extending fr.om the Hugoton" gas fields in Kanssts,.
Oklahoma, and Texas to an eastern terminus in Detroit, with a branch
running- from Illinois into Wisconsin to furnish natural /gas. toK com¬
munities served
by "Michigan Consolidated Gas Go,, Milwaukee-. Gas
Light .Co, and, Madison Gas-&LElectric Co. and, to various/other cities
and- communities-.in Illinois, "Iowa
and Missouri.
\ ♦
•
'•
with the proposed reoigani-
$3,257,841
$0.58
including adjusted Federal
surtax- as provided in the 1942
2,868,738 shares outstanding.
/After,
American
Organization
sh—L
1944—9 Mos.—1943
$2,174,708
$916,350
$0.14
-L-—-—
fEarps. per'com,
natural; ga$ pipe-line
tion
J
%Net earnings
interests of its investment
by American Light to,. non-affiliated
Coal Co.
\
Sale
in
*1944—3 Mos,—1943
Period End. Sopt, 30t—
s<>
American Light
owned:, by
estate
real
of" certain
Disposition-
Michigan and of. certain real estate owned1 by. Consolidated
Co. in Wisconsin and liquidation of the latter' company.'/
provide for the
$,191,560,874 and, fox the making, of.
in connection
adjustments
other
certain
'
\
-
■
of Madison Gas & Electric Co. and refunding, of.
outstanding first mortgage bonds and preferred, stock.
that' company's
debentures due
stock. Common
amount of 5%=
value oommon
by $237,101,765 to
2,500,000
account will be reduced
creation of a capital, surplus of
capital
•
'-/Recapitalization
proposed by, tho plan will be the
structure of? the company of* one
$119,281,200 principal
shares of n(f; Par
of
consisting
Co.
(& Subs.)—Earnings—
Americaii Rolling Mill Co.
assets of Milwaukee Solvay Coke- Co*,
property and
the
Gas Light
Milwaukee
to
(16.02%) of the second
shares
of
Transfer
(83%) of the $6 preferred stock, 411,650
preferred stock, series A ($7), 1,311,138
shares
(59.80% ) of the common stock, 720}210.80
(11.02%) of the
option warrants to purchase common stock and- 3
(400) preferred
.stock allotment certificates, and that Bond and* Share owns the entire
$30,000,000 3'!<• serial notes, 13,800 shares (2.82% ) of the preferred
stock ($7), 65,809.10 shares (17% ) of the $6 preferred stock, %158i?38
shares (85.98) of the second preferred stock, series A ($7), 881,500
shares (40.20%) of the common stock and 5,812,884 (88.98%= ) of the
option warrants to purchase common stock.
_
.
'
The net over-all effect on the security structure of Foreign Powei
shares
$321,216.55
($7),
1944*^
Monday, November 13,
& FINANCIAL CHRONICLE
THE COMMERCIAL
2066
per
!l
share,
common
Sept. 30,
of
acts
revenue
Period End. Sept. 30-—
1944 and $503,394
fundable-portion of excess profits tax of $534,000 in
in
Bell Telephone Co. of
on the basis of the rates fixed by the
1943,, and after deduction of post-war re¬
has been made
1944,
applicable
Operating
1943..
in
Included
30*
Sept,
net
consolidated
the
1944,
Archer-Daniels-Midland
The directors
profit
the
for
of
50
cents
Dividend—
Co.—50-Cent
dend
in
Net
—V.
160,
Fall
Merge—..
•'■'».
Power, Association
proposed
N.
also,,of
land
1944—39 Weeks—1943
New
Peari' Harbor
since
interest.—V.
158.
Philadelphia,
1821.
p.
•'
'
<
:>
Atlantic, Gulf & West Indies Sv S.
;
first
'
Lines.—Payment-
before
month
To
Pay $3
Hilliard,
P,
directors on Nov.
The
par
8 declared
has
produced
introduced "as
M.
Spence,
directors.
'
'
William
soon
as
counsel
Under the
became
bulk
the
of
principally
due
t
The
earnings
■
for
Prov.
and
Fed.
est.
excess,
Type
pi
«
All
that
volume
dollar
reasons
meaning
it
is
,
.
See American
'
'
',
:
■
.
•••■"'
■■
restricted' to
of
<..
v
.
always
not
'
;
'/
,
Barber Asphalt Corp.—Earnings—
'
Period End.
.
"After
depreciation,
Beacon
The
as
handed
known
now
investment
an
etc.—V.
taxes,
160,
$604,298
978.
p.
$407,434
Company Act of
down
company
The
1940.
order
an
the
granting
application
Federal
for
sion
within the meaning of the Investment
Hereford Corp. is now primarily engaged
160, p. 1627.
sales
income
Provision for
Net
1944
$8,345,949
taxes-—.,..
$880,570
$1,283,444
(estimated)
579,000
856,057
depreciation
,
depreciation
income before Federal
Provision for
Federal taxes
Provision
contingencies
for
1943
$8,309,725
1,0«0.?51
179,681
-
—
before
total,
$1;
income
1,4*1^8
168,294
46,381
45,171
$255,189
$382,216
241,547
241,547
$1.05
$1.58
—
Shares
of
Earnings
The
capital stock outstanding—...
share
per
book
(excluding
p.
value
per
contingency
share
and
capital stock
working reserves)
of
as
of
was
Sept.
30, 1944
$15.36-.—V. 160,
Commercial
William
offices:
Dana
135
class matter
year:
South
ations In
S.
and
Financial
Seibert,
La
Salle
St., Chicago
February 25, 1942, at
and Central America,
the rates of exchange,
in
effect pend¬
/
effect in Rio, Sao
America—New Director—
Co.,
President of Canadian Bronze
Ltd., has been elected a director.
also
of
the
board
committees
Mitchell. Co.,
Ltd.,
all
Co,,
Ltd,,
160,
and
income
-
■
Domestic and
(.Including
of
$7,240,183;
$6,062,105
customers'
;
exe.;
Canadian Subsidiaries)
1944—3 Mos.—1943
$2,202,910
taxes
1,579,941
1,473,692
1-
profs,
$545,821
$0.82
$729,218
share_____
per
capital
dend—Acquires
"
:
The
company
share
$3.01
an
Interest
—
the
in
Pays 4-Cent Divi¬
Financing of Two
on
Canadian
in.
Oct. 31 paid an interim dividend of four cents per
funds to
shareholders of record Sept. 30.
On
41/2 cents per share was made, which
1944.
Payments of three cents each
and Sept. 30, 1943.
a. 20%.
interest in the financing of
through the purchase of 120,000 shares
for
$25,000 and has the right to purchase 20%
of the additional
1,700,000 shares under option at prices
ranging from 3d cents to
80 cents; per. sharei; Laroma
acquired, for 1,200,000 shares, a group
of 45
claims including the discovery group in the new. Midlothian
area/located 40 miles south of Porcupine.
■
r
A 26j/3%
interest in the financing of .Goldhawk Porcupine Mines,
Ltd., has been acquired: and 240,000 shares have been purchased for
$96,000.
Broulan has the right to purchase 430,000 addtiional shares
at 50 cents per share over a period of several years.
Goldhawk has
acquired the Gold" Island group and other claims in the Night Hawk
Feb.
distribution of
makes 8Vz. cents- for the year
were made on. Jan. 15. May 31
The
company
has acquired
Laroma Midlothian Mines,. Ltd.,
deposits
on
the
of
area
Porcupine
for 1,100,000
camp
shares and $225,000.
The
claims
acquired, plus land under the lake which will be secured under
license
1943 and 1944
rates provided by the present Revenue
last; a
29,
.
1944
on
$2,013,044
$2.83
.
of
•''
occupation, cover an area of 1,488 acres—V. 160, p. 826.,
:
'
'
' '
'
•,
.
Buffalo Bolt Co.—Two New Directorsand A. D. Armitage have been elected
board from seven to nine members.
of the New York investment bank¬
ing firm of Van Alstyne, Noel & Co., while Mr. Armitage is President
David.
Van
Alstyne,
Jr.,
directors, thus enlarging the
provision has been made for fluctuations in foreign ex-
was
$1,888,94?
ton 667,250 shares of
New Concerns-—
Mr.
provision
stock outstanding.—V.
1944—9 Mos.-—1943
$6,544,560
$5,844,745
4,655,613
3,831,701
$1.09
except taxes,
160, 1076.
Broulan Poreupine Mines Ltd.
expenses,
"
but ho
Ltd.,
also a
Life In¬
is
He
Montreal
the
$2.59
selling
accrued payroll), $7,903,251; provi¬
and prior years and for renego¬
(inch
Vickers,
Montreal.
and
$2,125,762,
Net. profit
$127,965,750.
taxes,
Amalgamated
Ltd.; ami
the
Canadian
of
1522.
p.
earnings
tEarns.
renegotiation ad¬
amortization,
of
President of H., Simon & Sons,
Massey-Harris
Robert
The
Chairman
Vice
executive
and
Van Alstyne is senior partner
of the J. H. Williams Co. of
,
made for post-war refund of excess profits
Buffalo, N. Y., and President of Aluminum
Inc., of Erie," Pa.—V.
Forgings,
160, p. 1291.
taxes
Buffalo General Laundries. Corp.—Partial
New
Presidents of Divisions—
A. Warner has been
Arch
Borg-Warner's
of
elected'
Rockford
"
'
.
"
Rockford,
III.,
after-more than, 25 years with, the com¬
Rockford.,
at
<
.
•
Redemption
corporation is asking for tenders on its first mortgage extended
exhaust $10,650.
The company will pay
not", in excess of $100 for bonds which currently have been quoted
The
President and General Manager
Drilling Machine Division,
C.-Traner, who
to 'succeed E.
as
GVa'/o
,*;
Arthur
P.
Emmert, former Vice-President
in
charge
of manu¬
facturing, has been named President of Warner Gear division, of Borg-
bonds in an amount to
$75: bid/$85 asked.
at
the purchase of bonds have accrued from
idle Of-the1 unoccupied Harvey Laundry Building, 90 Chenango St.,
to the Buffalo Apparatus Corp.,
The-funds to be used- for
the
Buffalo/ N.''Y'.,.1 which has been sold
scientific/supplies.
Buffalo
bonds
'General
•
..
.
Laundries
outstanding.—V. 150,
'
p.
Corp.
4118.
has
approximately
$450,000
(Reg.
William
3, 111,
D.
of
1
Borg-Warner President,, whoh
has, headed the, Warner Gear
since 1932.,
Mr. Davis has
retired from the presidency of Warner Gear to give his exclusive time
to the parent corporation in Chicago, it was explained.
Other changes, in
the division include-the appointment of E. S.
Warner
J.
O.
as
Chairman of
S.
Davis,
division
and General
succeeds. John
of
he. has
C.
Manager,
the
and
naming.^of
Works Manager.
as
Russey
relieved
which
succeed
Vice-President
Moore
.Mr.
was
to
Corp..
the
been
active
M;
routine
Simpson
the supervisory
who,
management
associated since. 1911.
board and
as
.
at
of
his
the
own
request,
with
company
.Mm .Simpson, will-serve
as
active consultant in admin¬
160, p.
1731.
Buffalo Niagara
tion; Plan—
_
A hearing on
mediate
holding
& Eastern Power Corp.—Reorganiza¬
,
two plans for reorganization of the corporation, inter¬
company in the Niagara Hudson System, was held
by the Securities & Exchange Commission at Philadelphia on Nov. 9.
One plan was filed by Niagara Hudson Power Corp., the other by BNE.
t
The purpose of the filings was to comply with the SEC order, issued
June 19, 1944, that Buffalo,. Niagara & Eastern reclassify its capital
stock in such a way that, the $1.60 second preferred, the Class A and
the common stock be
changed into a single class of new common
Editor and Publisher:
on. Monday].
Other
Reentered as secondthe post office at New York, N. Y„ under the Act of March 3/ 1879.
Subscriptions in United States ana Possessions, $26.00 per year; in Dominion of Canada, $27.50 per
Spain, Mexico and Cuba, $29.50 per year,/Great Britain, Continental Europe (except Spain)., Asia, Australia and Aftica, $31,00 per year. NOTE: On account of the fluctu¬
Chronicle
President;
/
IliC. &
21,951,571
$3.15
.
istration and engineering problems of the division.—V.
723.
The
..
_
now
Montreal,
Period.End. Sept. 30—
contracts with
payable,
Taxes for 1944 were based
Law
Russey
Net
The
*Net
is retiring from active direction of oil its operations to; become
Chairman .of the supervisory board.
Mr, Warner .formerly was Works
Manager of Mechanics Universal Joint, also a Borg-Warner division
Sept. 30—
Billed-
is
He
boards
Co.—V,'
pany
Manufacturing Co.—Earnings-
9 Mos. End.
Net
the annual ac¬
when
Bristol-Myers Co. (& Subs.)—Earnings—
^
Net
final adjustment
to
....
Bayer-of
of
v
hand,
on
Under,
applicable to years
•chahge.
through a controlled company/ in a business other than that of
Investing, reinvesting, owning, holding or trading in securities.
The
former
policy has beer, revoked by the company's security
holders who. authorized the primary engagement of the company as a
Belden
results as shown in dollars are taken at aver¬
are necessarily to some extent arbitrary.
subject
Corp.,, Ltd.;
thp
•
(less U.-S. tak. notes total¬
ing $21,616,209), $38,575,848; deferred credits to. .income, $45,306; re¬
serves
for contingencies, $7,286,768;
reserves for warranties, $1,146,107; reserves for special purposes, $322,446; common stock (.issued
and outstanding. 2,461,919 shares),
$12,309,595; paid-in; and capital
surplus, $10,801,330; earned surplus, $31,950,157; total, .$127,965,750.
■-
real estate concern.—V.
and
$10,384,758; Accruals
orders',
of
Hereford Corp., that it be no longer regarded
as
$2,391,236 $22,753,086 $20,898,330
Bayer is also- a
on
$7,348,588
$5,774,072
administrative
depreciation,
expenditures
Notes—No
Participations, Inc.—Not Investment Firm—
has
SEC
company,
1944—9 Mos.—1943
1944—3 Mos.—1943
$230,589
$130,404
Sept. 30—
L.
company.
and prime
tiation
*'Prof it
be
and, Noorduyn, Aviation,
Electrie
40,629,444
44,453,413
taxes.--——
Liabilities—Accounts
4
159, p. 2.
17,504,865
20,435,582
2,108,070
made "up.'
are
alphabetical
income
"of factory,
banks
in
$587,770;- goodwill,
Gas Co.—New Control—
Gas & Power Co.—V.
$2,727,114
will
William
Ltd.,-
$1,097,479; post-war refund of Federal and Canadian excess profits
$3,880,946; property, plant and equipment (less reserve for
depreciation and amortization of $15,973,338), $13,969,016; prepay¬
ments and deferred charges,
$1,595,823; patents
(less amortization),
..
..
2,301,587
Brewing Corp.
H
"faxes,
,
'■
1944—9 Mos.—1943
$4,499,306 $43,188,668 $38,403.20).
$5,028,701
L—
ing the determination,of permanent rates.
Gas rationing owing to fuel shortage is
Paulo and Santos.—V, 160, p.
1395.
$31,080,862; cash in banks
U. S. Govt, depart¬
contractors thereto, $8,163,050; U. S. Treasury bonds
and. certificates ,of; indebtedness and. $79,900- of Dominion of Canada
bonds, $15,255,700.; accounts and notes • receivable, $25-,390,606; ma¬
terials, supplies, work in process and finished goods (less reserve),
$26,944,497; stocks, bends and notes of other companies: and miscell.
investments i (inch
125,184
shares of Borg-Warner' common stock),
Assets—Cash
are
'•
.
Currency)
depreciation and amortization.
figures
alphabetical
Consolidated Balance Sheet, Sept., 30, 1944
-
in, what
Bangor Me.)
States
.
(& Subs.)—Earnings—
1944 1:
1943
taxes.
deduction: of
before
but
any
They
723.
Temporary rates for certain of the services continue in
justments, Federal- taxes and sundry charges." f On. 2,336,735 shares-of
$5 par common stock outstanding in 1944 (2,336,718 in 1943,), after
deducting 125,184 shares owned by Borg-Warner Corp. in both periods,
they believe to be the best interests of the
confident that the trial of this suit will
Vindicate their actions.—V, 159, p. 2298.
;
r;:
;
'
*
companies.
United
in
oper.
expenses
earnings
counts
.
comrtion share——$2.47
per
"After/deduction
complaint, in a large increaseTh the asset value of these companies.
The directors have used
their best business judgment and at all
times, have acted
customer's advances;
bond purchases
war
rates of exchange which
and'
Can.
&
ofits
after
income
fEamings
International
Allied
Investors, Inc.,
,$141,380;
$272,029;
employees'
After ail charges and reserves,
ments
British
trade,
1944-Month—1943
Notes—The operating
age
1944—9 Mos.—1943
reported
from
earns,
'-Net
■
...
earnings_-.__.__—V__.___ $53,041,270 $50-,981,276 $30,054,134
2,244,544
2,291,710
1,785,239
569,241
711,534
255,220
Total
and
Corp.
emphatically deny
payrolls,
total; $8,063,717.
$161,414;
payable,
surplus, $4,324,830; total, $8,063,717.—V, 160, p.
Gross
Deprec. &'amort. on plant & equip.
Disc, on sales'and*:'supdry charges-
Automatic, who are defendants in this ' suiW
charge of breach of trust or mismanagement.
Their management has resulted, during the period covered by the SEC
Investing.
$1,772,930),
$115,203; miscellaneous accrued taxes, $85,370;
for Federal income tax (less IT. S. Treasury notes, tax
provision
Operating
1942
profit_„u~,$52,090,758 $50,418,351 $29,446,200
950,512
r 562,925
607,934
operating
Other
outstanding .management .of
to. the
charges,
Period End. Sept. 30-r-
possible.
as
Months Ended Sept. 30—
"Net
Eugene A.
Tracey.
directors of
of
tax,
surance
principally by reason of the appreciation in the value
©f its holdings
of Majestic Radio & Television Corp. . Automatic's
stock holdings in Majestic have appreciated in market value in excess
$1,000,000.
property accounts, at cost
$1,188,235; land, build¬
$643,000;
tax,
(Expressed
"
com-
of the 1940 Act
of
.
Brazilian Traction, Light & Power Co., Ltd.- -Earns.-
$372,404
$0.28
President,
Borg-Warner Corp.
...
the
accrued
director
Net
within
company"
"investment
an
deferred
withholding
earned
...
to arrange
companies in exact
However, they are always as near
position
Act.
1940
the
comprise
,
mechanical
NOTE—For
were
Automatic
!
.
he stated,
company,
order.
from the Commis¬
immediately consulted and this subject was under
advisement, when- the-suit was instituted.
The company has today
(Oct. 26) registered with the Commission as an investment company
As
sion,
,
series,
of $3,135,000),
$976,706;, reserve for contingencies, $557,000*
capital stock (outstanding 300.000 shares of $5 par value), $1,500,000;
to the Army and Navy, twice
1944—3 Mos —1943
Witherow,
P.
possible
prior to the filing of the suit. ,
Automatic received this indication
10 days
1944.
s
profits
depreciation
for
$1;
$91,203;
and
investment company was on Oct. 14,
was, an
'■
,
director and a member of the executive com¬
mittee of Canadian. Breweries, Ltd., which holds stock in the American
time
indicate that Automatic
•,
excess
reserve
Mr.
these and other reports regarding all of its-transactions
if the company had been registered under the Act of 1940.
that the Commission, or any representative therof,
as
first
for the
1944.
contingencies, however, were made in the amounts of
and $207,000,
respectively.'
Renegotiation proceedings for
1943 are now in progress but were not concluded at Oct. 27,
amount,
*
Mr, Hilliard
assumed.full management of this plant last
June at the request of the U. S. Navy.—V. 160, p. 1964.
The
informed? by
fully
~
output had increased considerably in the third quarter of 1944,
primarily, he said, to- increased production of the Navy 40 MM
anti-aircraft guns from' the
Naval Ordnance Division, at York, Pa.
Exchange since prior to
The
division ~ in
announced on
radio
due
shares have been listed on the New York
the passage of the Investment Company
Act and have been registered witli the SEC under the Securities Ex¬
change Act of 1934.
All reports required by the Commission pursuant
to the latter Act have- been filed, and the Commission has been fully
as
for
war
SEC suit,
-
•
.
$3ll0
machinery and equipment (being amortized over five years, less
reserve
for amortization of $693,274), $580,193; patents, at nominal
$1,390,113 $1,153,132
Earnings per sfcare__—
SI.04"
$0.86
"After reserves have been provided for income'and 'excess" profits
taxes, and for estimated contingencies. ■
/'-'.//■
Automatic Products Corp.
Curb
$2.09
specific provision has been made for renegotiation
Federal
to increase effective range," ac- "
automatic., radio compasses and
$524,314
$0.39 '
profit
(see under
SEC
the
by
$3.26
tBefore deducting $207,000
$300,000 for dividends declared.
Dec. 31, 1943, or for the nine months ended Sept. 30,
.
(less
est.
which
devices
Period End. Sept. 30—
"Net
British Type Investors, Inc., in
V. 160, p. 1859) alleging that Airtomatic Products Corp. had violated
the Investment
Company Act of 1940 by failing to register as. an
investment company came as a complete surprise to its officers and
suit
The
£3.19
outstanding.
ings,
.
the' improvements made
sensitivity of new-type
of
and
communications
SEC Charges-
counsel for the defendants in the
as
of
'
.
total of 37,830 compasses since they
a;
shares
for
"Before
preferred
Automatic Products Corp.—Replies to
Kenneth
$930,436
of
Sheet, Sept. 30, .1941
Assets—Cash, $2,734,820;, accounts receivable, customers, $1,336,645;
inventories, $1,285,153,; cash, surrender value of life insurance, $17,059;
Ahlberg Bearing Co., common stock, at cost, $117,196; post-war refund
to allied forces
mainstay of aerial navigation,
a
Blaw-Knox Co.—Earnings—
/
1,274,278
$627,679
____
Liabilities—Accounts
.
dividend of $3 per share on the
a
1,669,492
$979,552
Balance
Production at
Bendix
share
1944.-
also
war-time production will be incorporated in the line of home
radio §ets which the company plans to manufacture and market. in
its Baltimore plants as soon as the military situation permits, it was
stated.—V, 160, p... 1359.
,
,
/ „
,
,
■
$1,
2,319,000
for contingencies and
the year
'
Control
Water
pany's
and a dividend of $2.50 per share on the 5 r/o
stock, par $100, both payable, out of 1944
net earnings, on Dec. 12 to holders of record Dec.l.
A distribution
ef $3 per share was made on the common shares on Dec.' 15, last year.
On June 12, this year, the company paid $2.5Q on the preferred stock,
the same rate as on June 15 and Dec. 15, 1943.—V. 160, p. 723.
stock,
common
2,953.500
300,000
$300,000
joint hearing -by
General, Manager,
.
non-cumulative
35,633
f$957,875
stock
Provisions
emergency,
Many
curacy
other
Common Shares—
on
$2,204,714
-
per
year ended
"
requisition by the War Shipping Administration only a
she was sent .to the bottom while on war service.-
$2,297,172
than
more
torpedo
under bareboat
war
$3,298,552
profits
exc.
Note—No
-
radio compasses as were manufactured in any year prior to
he said.
A recent peak month's production totaled
5.000 units, he added.
'
many
the
a
and
and
:
division
were
"
and New Eng¬
Co.
a
Hampshire
corporation's
the
,-by
'
--
.
.
with heavy loss of life early in 1943, has been
authorized by the War Shipping Administration,
it was announced
on Nov. 5.
In addition to that amount, allowance is given the owner
for loss due to delay in settlement, in accordance with the rules of the
Advisory Board on Just Compensation appointed by the President.
The "Henry R. Mallorv," 5,730 deadweight tons, was built in 1916
by. the Newport News Shipbuilding & Dry Dock Co.
She was long in
the New York-Galveston run under the Clyde-Mallory flag, and was
sunk by
&
provision
'
the Power Association.*^..-157, p. 2444.
During October the company delivered
Payment of $428,333 to Agwilines, Inc., of New York City, for the
loss of its pre-war Clyde-Mallory liner "Henry R. Mailory," which
was.
New
disclosed.
as
*
and;
Vt.,
company
!
William.
3..
This
Pa., will until 12 m.,
EWT; Nov. 24, 1944, receive bids for the sale to it as of Dec. 1, 1944,
of first mortgage 5% sinking fund geld bonds due 1960 to an amount
sufficient to exhaust the sum of $25,052/at prices not to exceed 105
and
Co., Connecticut River
the plan, at
financing
for
-Wilder,
radio compasses has beeii delivered
total of 75,430
NOV.
$2,271,990
25,182
$3,911,375
—
profit
i;iOn.
According to: this plan-, the- New England Power Co.
Baltimore,
trustee,
at
Bendix Aviation Corp.—Radio Compass
A
$3,256,421
42,131
$2,169,081
63,945
etc.
common
New' England
Bellows Palls
recommended
Commission
Power
River
the
of
Would
—
,/
a-method
as
Connecticut
Record Height—
Co.—Tenders Sought-
Trust; Co.,
suggested
the
England'Power
Commision.
Output—
been
on
Treasurer. Hanson
>
Association,
Power
Federal
the
,$22,541,1*64 $68,267,121 $62,365,716
H.
has
dam
power
Lebanon,
the Associated Gas & Electric Corp. report for the
week ended Nov. 3, 1944, that the net electric output of the Associated
Gas & Electric group was 127,367,351 kwh., an increase of 3,922,157
k wk., or. 3.2.% over the corresponding week in. 1943.-*~r-V, 160/ p. .1962.
The^ Girard
Corp.
v
would be-merged 'with
Atlantic City Gas
Hydro-Electric
(Vt.)
Liquidation of the corporation and merging of it with
of
The trustees
inc.
1941
$2,670,857
501,776
—
income
taxes,
1942
$2,820,411
548,420
$3,847,430
—.
income
"Earnings
Associated Gas & Electric Co.—Weekly
■<"'
Fed.
$1,273,560 $10,809,343 $11,775,946
<674,547
6,816,546
6,550,321
739,947
754,209
1627.
p.
Bellows
978.
p.
160.
1943
$4,010,630
859,543
_
—
Operating profit
Other
48,897,517
11,720,016
50,926,677
14,410,628
profit
Net
_
1944—13. Weeks—1943
by sub. store cos, $25,123,762
Sales
$1.172.097
income-
oper.
income
—V.
Goods Corp.—Sales Rise—
Assocated Dry
Period End. Oct. 28—
1.179,775
Net
has
Exchange
Stock
York
New
5,618,788
1,477,623.
dividend of 50 cents
authorized the listing • of
$65,000,000 first mortgage 2C-year
• sinking fund bonds,
series E,
due Sept. 1, 1964, which are issued and outstanding.—V. 160. p. 1179.
The
5,707,272
Co.—Earnings—
1944
$4,706,973
Sept. 30—
Exps. and deprec
Total
Co.—Listing of Bonds—
Armour &
$8,356,992
taxes
Gross
to the regular quarterly divi¬
addition
of like amount.—V. 160, p. 1730,
share
per
$8,072,123 $76,146,648 $72,393,479
revenues—
expenses—
Operating
9 Mos. End.
1944—9 Mos.—1943
$8,080,879 $76,210,533 $72,44-9,262
8,756
„•
63,885
55,783
Operating
per share on the common stock, no par value, payable Dec. 1 to holders
of record Nov., 20.
On Sept. 1. last, the company paid an extra divi¬
dend
$8,363,670
6,678,
rev.
oper.
Bower Roller Bearing
Pa.:—Earnings—
1944—Month—1943
revenues
Uncollectible
months ended
Co. from the
'
Operating
the usual, quarterly,
have declared
12
Glass
of Carr-Lowrey
1944.—V. 160, p. 722.
earnings
the
are
date of acquisition, May 19,
2067
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
Volume 160
U. S.' Patent Office) William B. Dana Company, Publishers, 25 Spruce St.. New York 7, N. Y., BEekman 3-3341.'
Herbert D. Seibert,
Riggs, Business
Manager.
..Published twice a - week-[every Thursday • (general news and advertising issue) with a statistical issue
1 Drapers' Gardens. London
E C.
Eneland c/o Edwards •& Smith;'Copyright 1944 by William B. Dana Company.
„
(Telephone: State 0613)'
remittances for foreign subscriptions and* advertisements must be
made in New York funds;
* •
THE COMMERCIAL &
2068
action of
This
■stock.
outstanding'.
shares
•••■'■••.
*
was
purchases by 42 firms; 2,745 was the largest
5 the smallest.—V. 160, p. 980.
.
utility
of
sidiary
■
consolidation.
•
Int.
'
Int.
1
•
production,
'1942
Net
ry,
income__
oper.
53,403
49,758
From January
2,209,338
825,545
2,158,661
1,298,368
801,205
289,787
Net
467,997
£Loss,—V.
446,457
income—_
oper.
ry,
70,083
21,336
,
160,
7,447
$120,543
$1,337,491
18,958
227,500
227.500
1,155
1,045
13,175
to
con-?
$1,101,346
108,054
$704,018
$101,295
$69,534
________
103,054
to pfd." stocks-
applicable
revenue
$595,964
$993,292
-
400,219
128,000
219,431
128,500
«
249,256 V
provide additional-capital for
value of the common stock from $10 to $15 a share. -
$2,184,389
$162,065
53,011
$2,074,170
636,222
674,241
$107,494
$109,054
$1,437,948
$1,510,448
41,802
41,802
501,606
$67,252
$£16,342
$160,518
deducs,
pref. stock..™.
$65,693
1523.
160. p.
f
;
taken
earned
from
stock
meeting
special
.
'■
will
shareholders
8
surplus.. ..There
issued. ."■
now
+*
position
shares
are; 1,166,286
of
Gross
Purchase of
for Month
Wholesale sales
Retail
Combined
Net
-V.
1C0,
p.
n",
>v '
quisition—■' "
Estate Loan Co.
See Real
'
Ac¬
Gross
Working expenses-
directors
United
earnings
10 Days
Traffic
i—V.
.
.
%,
$9,926,000
_________
1857.
p.
..
*
$8 462,000
the
C.
—
Hearing
Proposed Financing Plan—
another
V.
160.
$60,684
$43,988
2,962
Oct.
1') $63,646
borrow
2.65%
on
17,827
$45,503
$29,253
$8,783 1 <
$9,240
4,241
$4,542
;
Proceeds,
redeem
together
company
30
declared
«
(i5^,
,r
I. t Mr
Carpenter Steel Co.—Earnings—
1944
3 Mos. End. Sept. 30-rNet
*
profit
After
provision
all
which
taxes
1942
? •"(
t$352,261
includes
$723,973
.
& Light Corp.—Gets
Approval
iGsil
reserve
tAfter
taxes
determined
interpreted
for
reserve
and
undeterminable
$ After provision for
on
after
the
the
basis
of the
< '
,,
for
Delaware
has
„
first mortgage and first
amount plus accrued
of the plan, Central
will be allocated among holders of its other seuriplan to be filed with the SEC in the near future.
retirement of its 5 J/2 %
1732.
...
.
,
v
Corp.—Calls Pfd.—
on
at
/
Century Ribbon Mills, Inc.—Extra
?
.
V;,..
<
.
•
•
taxes
taxes and
and
p.
tax
law
up of an additional
other contingencies.
$300,000 for the
reserve
as
pres¬
$300,000
of post-war
of inventories and other contingencies.
provision for taxes and $150,000 for reserve for p6st-war
ad¬
justment of inventory and other contingencies.
New Official—
the
Treasurer
directors.
offices
prior to
succeeds
his death
Nov.
6
declared
an
extra dividend of 10
Certain-teed
Joseph
on
Oct.
H.
7,
Pendleton
1944.—V.
who
160,
had
p.
held-
1859.
both
of
automatic
track
of
crews
block
signals
the
on
Rock
Island
Albright, Neb., antl Limon, Colo.; a
begin as soon as materials are obtained
available to do the work, J. D. Farrington,- Chief
are
Officer
,
between
miles,
486
of
will
the
road,
announced
6..'
Nov.
on
<
..
being made to expedite heavy war traffic
running between Chicago and Denver and Colorado
connections for Pacific Coast ports.
Traffic from the
with
City
and
result
a
Pacific.—V.
of
Louis
St.
160,
and
1966.
p.
Clark Equipment;
Gross
is
gateways
at Belleville,
laying heavier rail
Co.—Earnings—
Clark-Celfor Tool Corp.)
■1941
$6,539,093
243,746
1943
1942
$9,210,484 $12,825,224
194,403
109,720
income„_______ $12,587,907
$9,404,887 $12,934,944
$6,616,859
profit
Sept. 30—
1944
$12,344,161
__________
Total
77,766
'
925,297
1,235,199
1,205,206
241,751
265,114
326,185
Spec, amort, of war facil.
450,489
446,487
383,353
Interest
10fe.308
62,429
31,434
6.652
421,126
436,296
507,062
554,124
18,261.000
15.316,721
*9,250,000
*3.423,000
$1,779,744
$1,642,641
$1,231,704
"67,355
534,636
$1,523,033
99,696
534,636
Admin, and selling exps.
Discounts allowed
1,327,488
_____
paid
taxes____^__
,
184,753
;
profit
_________
67,223
stk.
com.
Earns,
67,223
'534,636
534,636
dividends™
dividends
(no
"
$1,177,886
$1,040,782
" 237,616
" 237.616
$7.21..$6.63
par)
share™
per
$629,713
237,616
$4.90
$888,701
<
:
237,616
$5)98
estimated addi¬
''Including excess profits tax and in 1942, $1,500,000
flncludes Federal excess
$532,000), $4,780,000; also, addi¬
Government for renegotiation of 1942 war
tional Federal, income and excess profits taxes,
profits
due
amount
credit of
post-war
(less
tax
S.
U.
prices in amount of $104,722.
contract
of
and renegotiation of
$545,000)
mated.—V.
160,
621,
p.
,
(less post-war excess profits tax refund
war contracts for 1944—esti¬
flncludes excess profits tax
"
■ ■
.
Cincinnati,
Cleveland,
Chicago
St.
&
Louis
RR.
Tenders—
York.
Hanover Bank
Central
& Trust
trustee, 70 Broadway. New
Co.,
Y., will until 12 o'clock noon, Nov. 16,
N.
a
and interest.—V.
1944, receive bids for
mortgage bonds
cents per
1944, the
corporation sold
to Alexander Smith &
Sons
entire investment in the Sloane-Blabon Corp. for $2,'This investment,' the major portion'of which''was ac¬
quired in 1931, in the shares of Sloane-Blabon, was carried :as an in¬
Carpet Co, its
750,000 cash.
(not
as-a
current assets in
Certain-teed's balance sheet
,
The shares of Sloane-Blabon Corp. sold comprise
(a)
ferred
1940.
6,097 shares, or 25.18%
stock,
The
No
ICC
.
-
.
105
:
-
Pittsburgh RR.—Bonds Authorized—
Oct.
on
21
authorized
to
the company
issue not exceeding
bonds, series C, to be
proceeds applied with
like amount of outstanding bonds.
funds
to
the
redemption of a
the Pennsylvania RR. to assume obligation
guarantor, in respect of these bonds.
to designate in his bid the rate of interest
to be borne by the bonds in multiples of one-eighth of Vk.
Four bids
representing 118 parties were received, of which the most" favorable
was that of Auchincloss,
Parker & Redpath,
Their bid of 100.45 and
accrued interest being for bonds bearing interest at 11% rate, of 3%
has been accepted.
The cost of the proceeds on, this basis will be
approximately 2.97% per annum.' It is represented that the bonds
will not be offered publicly.
:
"
The net saving to result from the proposed refinancing is estimated
at $7,097,108. ' This is computed by deducting frpm the interest which
would be payable' on the outstanding'series A'and series B "bonds at
the rate of 4VsVo
per annum "from their respective .redemption dates
to Oct. 1, 1974. the maturity date of the proposed bonds,. $14,742,158,
in the interest to be'payable on the series C bonds at the fate of" 3%
per annum from Nov. 1, 1944, to maturity and giving effect to the
retirements
to
be
made
through operation of the; .sinking
fund,
$7,001,500, giving on this basis a saving in interest during the life
of the new bonds of $7,740,658.
From this amount has been deducted
$643,550, representing the difference between the call premium of the
bonds
to be
redeemed. $645,450, plus taxes and other, expenses of
$47,600, or $693,050 and the premium to be paid by the purchaser of
the new bonds $49,500, resulting in the net saving shown above ,pf
$7,097,108.
In addition, it is estimated that the Pennsylvania system
will benefit to the extent of approximately $556,000 through deductions
for income tax purposes. - Furthermore,. through the operation of the
sinking fund the series C bonds will be retired each year in an amount
which, if available for purchase at par, would amount to $6,380,000
during the life Of the bonds, and would leave outstanding $4,620,000
Authority was granted to
and
liability,
Each
lessee and
as
bidder
was
required
,
.
.
„
,
.
of
bonds
to
be
at
the
date
have
redeemed
of
maturity..
no
provision
The
for
series A and series B bonds
sinking' iunds, so that the
proposed refinancing will not only effect material savings in fixed
charges but will also provide for a substantial reduction in debt.
See
V.
160.
Clorox
p.
1628.
dividends
ir
of the $100 par value, 6% 'claSS A pre¬
received on these shades prior to
maximum income received in
any
one
year on
these shares
Nov.
27
on
approving
a
proposal
to
new
160,
p.
1524.
Columbia Gas & Electric Corp.—Hearing Postponed—
,i
The Securities
the following)
were
vote
shares
outstandingly.
at
will
capital stock from 120,000 shares, par $10 each
outstanding), to 360,000 shares, par $3.33% each,
shares to be issued in exchange for each $10 par share
the authorized
(109,613
three
Chemical Co.—To Split Up Shares—
stockholders
The
change
•
3,
at prices not to exceed
$56,630
of
$11,000,000 general and refunding mortgage 3%
sold at 100.45
and accrued interest, and the
Corp.—Rawson G. Lizars, Chairman, in
6, stated in part as
follows: •*
Nov.
sum
160, p. 1860.
Cleveland &
The
letter to the stockholders on Nov.
On
the
exhaust
to
Products Corp.—Sells Its Stock Interest
$2,608,007:,
meeting held on Oct. 30, John Moxoil was appointed
and Secretary and was also made a member of the board of
annual
He
on
1396.
vestment
At
of
also carried1'over this line,
Kan.
r>•
re-ballasting during the last
several years, this route is now in condition to handle traffic at high
speeds, and the new signal installation will greatly facilitate move¬
ments through the territory, Rock Island officials point out.
"• ; , [
According to a study made by the road's signal department, traffic
on
this line has almost, doubled in the past live years, and further
increases are expected with the growing emphasis on the war in the
As
also
for
adjustment
§ After
directors
The
Distribution—-
jjSjbare and a quarterly dividend of 10 cents per share on the no; par
jyalue common stock, both payable Dec. 15 to holders of record Dec. 1.
j-A distribution of lo cents per share was made on Sept. 15, last, which
was
the lirst payment on the stock since Feb.
15, 1938.—V. 160,
in Sloane-Blabon
1942
setting
1,553,680
beginning with the junction
other
Court
District
$545,6?5
profits taxes under the Act of 1941.
excess
ently
for
1943
$$303,374
g$255,960
___
3,660.313
a
redemption price at once.—ICO, p. 1965.
VWQui^r'te,!1.uiec(''.'to
the,
'
13,643,253
5,164.384
2,320,538
sufficient
t 1
•*.;
of the shares so called have been
deposited with the trust company, and all holders of certificates there¬
for may present the same for redemption and payment at the full
19641 Colhpany
unseddred'Serial motes,
other available funds,'
securities held by
with
$18,062,246 in
2299.
16,808,740
9,300,161
3,101,315
trunk line
The
Sufficient funds for the redemption
.
•
p.
24,019,460
'
Dec." 4, next, will call all of its outstanding $6
$107.50 per share,' plus accrued dividends.r Pay¬
made at the Old Colony Trust Co., registrar, 45 Milk St.,
Boston,'Mass.
on
t'.•:
$2,500,000
this
$47,080
18,143
U
1,035
940
.
p.
c'ofporation
The
Securities'and Exchange Commission has set^Ndvf120 for a
on an application by company, to issue and sell'under bidding
to
-25,894,680
7,892,086
signal
credit
$12,500,000 of series A 4% first mortgage bonds, due in
proposes
",140,202
3,092
$7,748^,
$8,300
:
Vermont Public Service
Central
hearing
also
399,440
455,036
The $797,000 installation is
15,099
I
1953, at the unpaid principal
the completion of this portion
assets
ment will be
The
4,227
.
■■
on
due
preferred stock
if,
f?,
After
ties: under
,
Capital Transit Co., Washington,
1,881.
5,626
States
and
bonds,
States'^eash
1943
Ended October 31—
earnings
160,
2,162
.
32. 761,861
1944
3,690,670
;
$1,555,517
920,717
229,272
1—
installation
20,051
•
'
portion of the plan presented to the court covers Central States'
its "Iowa-Minnesota; properties" to Interstate Power Co.: for
interest.
26,621,121
3,784,765
33,416
18,010
8,347
of
See, also
Net
30,199
k:I
_____
"Liquidate—•
lien
26,289,433 237,952,981 216 019,305
22,504,668 211,331,860 183 257,444
27,630,612
23,939,942
earnings
..fj
5,396
:
$3,614
i'
•
$2,750,000
S
.
5,105
3,866
"
.
approved the transactions.
9 Mos.—1943
1944
$
:
approved the
phase of company's plan for liquidation covering the sale of its re¬
maining utility properties and the retirement of its 5Vz % bonds.
The
court's.enforcement order was requested by the SEC, which previously
Canadian. Pacific Railway—Earnings—. $
17,991
Central States Power
Ltd., below.—V. 147, p. 1919.
1944—Month—1943
1944—Month—1943
$2,287,813
980,920
2.419,113
stretch
tional
re¬
income____
'
The
Sept. 30—
188,346
14,887
dividend of 10 cents per share
on the common stock, payable Dec. 9 to holders of record Dec.
1. Like
amount was paid on Dec. 10, last year, on Dec. 21, 1942, on Dec. 20,
1941, and on Dec. 16, 1940.—V. 160, pp. 1180, 827.
'
of Canada,
200,927
4,345
Dividend No. 5—
$99,997,613
Corp.—Proposed
$2,680,019
93,835
*
the sale to it of St. Louis Division first collateral trust
sale
Period End.
and
Shs.
1944—12 Mos.—1943
42,219
Net income.
The
Mortgage
'
income___
Preferred
$318,891
deductions
■'
■
to
Permanent
alphabetical
$328,934
incohie_£AA__
Gross
Interest
1628.
Canada
The
distance
Net
$69,935
_______
taxes____„
oper.
The
$11,760,492 $10,727,576 $97,993,704
Sales
"/
always
39,212
& deple
Non-oper. income
$9,228,737 $35,105,298 $88,187,669
1,498,839
12,888,406
11,809,944
$10,233,790
.1,526,702
sales
not
$59,317
deprec.,
taxes
Federal, inc.
1944—10 Mos.—1943
1944—Month—1943
Period End. Oct. 31—
*
160, p. 1523.
Lines'
alphabetical
(& Subs.)—Earnings-
1944—3 Mos.—1943
revs.
tirements
31
Oct.
Months Ended
10
160
.
railway_i__^_
oper.
Common
____________
for
Prov.
General
has been
and
is
672
oper.
Operation
later, if needed.Sales
long
Corp.—V
Chicago Rock Island & Pacific Ry.—Large Signal In¬
$1,008,842
possible.
as
Maintenance
i
"
completed the .company's net
by $10,000,000 in 4%% cumulative preferred
stock. $17,494,290 in common stock,. and approximately $8,500,000 in
earned surplus.
The unissued 50,000 shares of the new preferred
stock will
be available
as
a
source
for additional working capital
Sloane-Blabon
-
■
Surplus
"•
-
program
it
reasons
Central States Edison, Inc.
common
be represented
mechanical
Period End. Sept. 30—
be
'
When the proposed
.
worth will
—V.
a
to arrange companies in exact
iHowever, they are always as near
order,
;
Dec.
on
purchase as
NOTE—-For
asked to
approve an increase of $5,831,430 in the stated capital of the com¬
pany. ■ This- will be effected, by raising the par value of the common
stock from $10 to $15 a share through a transfer to stated capital of
all the existing paid-in surplus and with any balance necessary being
the
advantageous
an.
1941
(Including
possible
bankers headed by Harriman
At
ry,
Federal
company's post-war expansion.
$'?37 585
'
negotiated
felt, to
reported
with
1942
Miscellaneous income
asked, at a
distribution through a group of invest¬
Ripley & Co., Inc.
Funds obtained from
the sale of the new preferred stock will be
used to the extent needed to retire the $8,127,360 in par value of the
5% convertible preferred stock now outstanding at $31 per share and
dividends.
The balance will be added to working capital for use in the
be
compared
as
1943
Depreciation^
national
given
will
ment
1944, Sloane-Blabon
682,446
■'
....
whole of an Issue of $48,000,000 general
mortgage bonds due Oct. 1, 1974, will be received by the corporation
at Room 1822, 15 Broad St., New York 5, N. Y., up to 12:00 o'clock
noon,
Eastern War Time, on Nov. 14,'1944.
Successful bidder must
specify the coupon rate.—V. 160 p. 1860.
.
the
for
special meeting called for Dec. 8, to authorize 150,000 shares of $100
par value cumulative preferred stock, which will be issuable in series.
If approved the company-expects around the first of the year to issue
100.COO shares or $10,000 G00 in par value of this new stock with a
dividend rate of 4Va %.
It is contemplated that this new $10,000,000
issue
ar¬
$2,672,967
income.™
501,606
.
;
said that shareholders will be
Freeman; President,
B.
has
of
.
from. railway__
from
Net
Springs,
53,024
i
income
on
Bids
being recom¬
stock and to
post-war growth, and to raise the par
on Nov.
dividend
1944
-
railway____
9 Mos. End.
3 announced a program that is
mended to shareholders to refinance its present preferred
T.
Gross
Kansas
$11,492,491
4,607,302
1,540,500
1,536,000
3,581,381
.3,164,500
$873,051 $12,182,516
363,555
%986,465
$938,493
Balance
—V.
Shares—
Par Value of Common
The company
sale
railway
oper.
From January
on
Bonds—
crease
ry.
Executive
1944—12 Mos.—1943
1944—Month—1943
______
income
Divs.
In-
-To
Sept. <30,
Corp.
...
from
3,573
9,786-
-755
•:
^
Net
898,311-
Refinancing-
the
for
•
Net
■
Central New York Power Corp.—Bids for
Brothers, Chicago—Plans
Butler
Total
arrears,
12,218
■
(Cr)
& other
Int.
1523.
p.
9,210
$934,907
18,958
_.
*3,714
,
in
Chicago & Eastern Illinois RR.—Earnings—
*31,715
;
,
•209
$89,647
Deprec. & amort.:
Provision for taxes,..
7,444
1—
railway!-™-,
from
526
•
Operating expenses
91,439
109,803
1
railway
from
Gross
Net
$120,334
$95,222
railway—___
from
Net
ended
Products
September-?-.-"
$1,330,044
$925,697
$89,121
Period End. Sept. 30-
1941
$199,316
57,168
37,869
'19,054
3,132,
'
• V ■ *.?" *
° "
i6o.'^FT6¥87r"""t%,rT~7"Tr^.7:r^r<''
Gross
1943
share
per
dividend.
a
months
nine
contract
1965.
p.
401,674
513,007
451,106
486,808
—
income
Gross
Burlington-Rock Island RR. —Earnings^—
$184,056
term
Central Illinois Light Co.—Earnings-
J iVJ-
September—
from railway____
the
Certain-teed
•
this the Harriman management will remain the same,
with M. W. Walter as President and James Tarwatei;.- as Vice-President
in charge of manufacturing.—V. 160, p. 1731.
' \,
1944
$292,841
106,846
37,012
40,750
(net)
•■■charged
—v.
!
Gross
preferred stock
$56.66%
paid
never
Gross, from
revs.
interest
Net
Burlington Mills will be able wo
and full-fashioned nylon hosiery
will sell the Harriman
issue of
Arrears amount to $24.50 per
the outstanding class A preferred
•
stallation Soon—
than
other
but
39,479
41,300
mortgage bonds
on
Other
the
Burlingtdn Hosiery Sales Co,
1,096,384
income
Dividends
the war.
on
on the outstanding class B preferred stock amount to $851,530.
38,454 shares, or 50.84% of the common stock.
These shares
(c)
have
This
currently
rearage
^
r
income
Gross
corporation has purchased an interest in Harriman Hosiery
Mills
one
of the largest manufacturers of seamless, hosiery in
United States.
With the additional capacity provided by Harriman s
after
1944.
of the $100 par. value, 5%. class B pre¬
has never paid a dividend
9,608 shares, or 63.94%.
stock.
is
and
Net
This
oifer
3,409,942
66,735
1,073
'
oper.
Other
pacity—
line gauge seamless machines,
a complete line of both seamless
290,570
_____
•
Net
Nylon Hosiery Ca¬
Mills Corp.—Expands
Burlington
(b)
ferred
Net
'
"•
1731.
p.
286,284
_.
_
investments
struction
'
in
arrearages
income, after all charges, of $101,812,
for the same period in 1943.'
$5,743,901
2,989,323
471,984
$6,388,991
Property retirement res.
Amort,
of limited-term
to the approval
of the' reorganization plan is subject
of the New York PSC, as well as of the SEC.—V. 160,
$558,533
107,963
taxes
Other
provisions of the Niagara Hudson plan, the $1.60 ^second
preferred stockholders- would receive approximately 65%, of the new common stock and Niagara Hudson, as owner of the present p'aj*s N
and common, would
receive approximately 35%. The plan filed by
BNE follows substantially the pattern of the parent company s pla,n ,t
in the.matter of corporate set-up, but under its terms approximately
yi% of the common stock in the new company would be allotted, to
the
present BNE $1.60 second preferred and only 9% to Niagara
$565,220
____
taxes
Federal
Under
^Consummation
paid
or
Total dividend
stock amount to $593,096.
For
1944—12 Mos.—1943
1944—Month—1943
Period End. Sept. 30—
Opex-ating revenues
Operating expenses
A
.,
declared
been
share.
,
Central Arizona Light & Power Co.—Earnings—
plans submitted to the SEC provide for the
these operating subsidiaries with the excep¬
The Niagara Falls Power Co., which will continue-as a sub¬
of the
proposed new company that will reult from the
reorganization
Both
Except
have
net
consolidation of BNE and
The
allotment,
.
$72,516 in 1943 and net available after income taxes was $68 165
for $3 per share paid in March, 1944, no further dividends
was
„
& Eastern own all of the common stocks oi the
companies, operating in western New York State:
The Niagara Palls Power Co., Niagara,
Lockport & Ontario Power Co., and the Lockport & Newfane Power &
1 500
There were 110
basis of 54.9%.
ments were made op a
allot¬
Niagara Electric Corp.,
Buffalo,
tion
The
of 15
& Curtis,
by Paine, Webber, Jackson
cents
of 60
offering was oversubscribed in the elapsed time
minutes.
Bids were received for 18,048 shares and
Niagara
Buffalo,
following
Offering—A spe¬
9,900 shares of common stock (no par)
made Nov. 8 at $33% per share with a commission
cial offering of
plan
a
Corp. of America—Special
Celanese
S.
rejection by the New York P.
followed
SEC
of reorganization of Niagara Hudson System
companies into a single statewide operating utility company, that
reorganization plan having been formulated when the SEC brought
proceedings against Niagara" Hudson and BNE under Section 11 lb) (2)
of the Public Utility Holding Company Act of 1935.
Niagara Hudson owns all of the BNE class A stock, 501,493 ^shares
outstanding, and also substantially all of the common stock, 2,020,125
of
Commission
Monday, November 13, 1944
FINANCIAL CHRONICLE
notice
Gas
p.
a
Co.
1733.
and Exchange Commission has postponed until further
hearing
on
and Warfield
corporation's proposed merger of United Fuel
Natural Gas Co., scheduled for Nov. 1.—V 160
l—!
earnings
Gross
I--.*
—
—
-
_
-3,679,562
$2,005,835
$4.89
$1,802,280
"
earnings.———I—
share—,.—J.__,———
Net
4,229.625
1943,
Earnings per common
.
June
at
as
Edison1 Co.
Commonwealth
Subs.)—Earnings—
(&
will
Period End.
Operating
1944—12 Mos.—1943
1944—9 Mos.—1943
Sept; 30—
133,608,104 187,236,826
53,389,079
74,962,863
6,818,112
10,567,679
139.986,785
revenues—
55,488,329
Operation
8,032,449
Maintenance
.
income.*,—_
Federal
profits, lesspost-war- credit_„_.
Fed.
Wilde
Mr.
9,164,263
liberalization
this
of
Net
the company's
of
in
field
a
era."—V.
I
which
160.
expect
548.
p.
to
;
-
>
•
.
growth
tremendous
see
for
facts,
-
intang..
4,301,180
34,577.170
503,431
Other
income
Consolidated Edison Co. of New York, Inc.—Output—
(net)
26,060,568 : 36;006,713 ; 35,080,601
'26,535,155
-Gross.: income
etc., .deducts.,v
Interest,
;
with
>
—
....
•
electric
16,221,566
16,542,629
inc.
net
,
Sept.. 30^-12,721,388..
share.— 1
.•*•$1130
5-2'*.
increased
revenues
;
-s.
.«
.,
-•
.
:"
.
,
*;
Consumers Power
Grcss
Co.—Liquidation Plan
; ! :
//:*'* '
■•.
'
-
Deprec.
■
claimants
represents
-
567,289
9,120,683
1,198,152
14,606,290
of
$1,074,042
______
4,983,190
387,613
$565,930
-V.
160,
....
285,427
285,427
stock—"
for
1')
3,424,818
-
$4,454,963
$4,065,238
1N.H
d.
share
to
will be
Co.
bond
Inland
and
Not
.the
payments
v
$60,000
of
Virginia—_J__
10.942
Maryland————
f—1,150
claims:
268
Commonwealth
of
end
claim
of
5
$0.58
v
amounting
$OM$
-.
net
.
Commonwealth
against
such. .
/No. -provision is made for participation by .any
$3,449,647 is accorded no participation
the
in
Inland
as
amount
481,214
; •
$2.11
-were
the
$1.74
1944.;;
stockholders
common
Inland
of
or
by- the
of
$481,214,
,
7
provision
for
834,990
1,120,043
1,112,586
775,252
690,650
666,483
803,380
516,675
taxes.
200,354
185,494
262,519
244,945
taxes__
257,874
257,786
335,832
341,825
$1,509,093
9,022
$1,921,882
Dr966
.$2,087,971
11,102
$2,575,589
10,642
i._,:„U- :$L&18,115
$1,920,916
452,393
961,820
t$l,p65,722
local
$959,096
■'
">'•
•(
.
income
,
'
income.,
Nov.
on
declared
8
a
$2,099,073. $2,586,231
665,308
1,268,672
$1,317,559
$1,433,765
,
Oct.-
;
of earnings includes the operations
Co. (merged into Del. Pwr. & Lt. Co.
subsidiary companies,
and
1943)
15,
Provision
(2)
year-
above' .Statement
The
Shore Public, Service
Eastern
including predecessors.
Federal .income and excess, profits taxes do not
such taxes resulting from the refinancing effected
for
in
savings
,
by the company and its
160, p. 1398.
period ended Sept. 30, 1944,
with'$44,624,000 for the corresponding
months period inT943, an increase of 18%.—V,-160, p. 324.
directors
933,567
taxes
1,009,425
1.064,803
prof,
'■
reflect
.
nine month
v.
subsidiary companies during the year 1943.-—
year-end
dividend
of
65%
of
Gains
v
,
Corp.—Record Traffic Gains—
Delta Air
in
43% in mail and 25%
in passengers,
express are
reported by Delta Air Lines for the month of October," compared with
the same month last year.
7
;
•'
;
The increases were made possible largely by the return of airliners
cents
25
y. y;;-.
y
..
.
per share
Nov.
25.
15, June
quarter
on the common stock, payable Dec.
15 to holders of record
Interim dividends of like amount were disbursed on March
who
the Army, according to R. S. Webber,
pointed out that the company's system
WRS
90■'
from
15 and Sept. 15, last. Like amounts were also paid In each
during 1943.—V. 160, p. 1966.
oper.
(♦),
:
-
•
25,984,20.')
exps.__„-
1944.
October.
•
-
19.526
$7,974,709
1' 2.128,428
6,612,469
2,271,407
11,499,463
' 5,324,571
income,,,-
$2,024,855
$3,574,874
$8,159,635
Crl48,591
Cr340,245
13,618
20,032
of
last
year.
$9,823,039
.
.
-
-
Dcple., deprec. & sur¬
rendered leaseholds,,
Intangible devel.
.
income
Other
deductions
for
post-war
Cr975,843 Crl,586,381
68,400
300,000
..
—
;
300,000
'!
.
900,000
expenses
—
Net
income
<
$5,244,557
$3,396,712
2,333,036
1,780,258
•
11
1942
1943
479,863
268,244
259,755
$1,802,670
$876,834
10,726
3,966
10,874
$1,750,291
—
—
519,239
315,897
$1,739,565
income_v__
ihcome__%i!
operating
Other
-
$4,923,191
''514,475
other than Fed.
.
.
the great¬
1944
Depreciation
Taxes,
was
1861.
(& Subs.)- -Earnings-
' '
revenue
Operating
,
and 24,703,404
2,674,620
30—
1—*
Operating
..
common-
p.
'
9 Mos. Ended Sept.
Provision
contingencies ■'.
160,
Corp.
Denver Tramway
56,369
'
thus far.—V.
experienced
est
oper.
207,117.055 In
144,833,468 in
30,935,257 for
mail pound miles amounted to
with 175,168,634 in September and
Express pound
miles were i
October, in comparison with 30,280,694 in Sepetmber
during October, 1943.
.
,V
-t
Mr. Webber said the volume of air travel for October
6,709,913
costs,!.
2,222,442
4,779,525
'
■
1943.
compared
October
$26,271,567 $21,857,522
$9,026,823
11,944 in October.
said
October,
Vv
'
in October,
passengers
revenue
1943.
Webber
Mr.
67,181,380
71,382,904
24,252,325
General Traffic Manager,
load factor for the month
1
-
compared with
Revenue passenger
(carrying one passenger ^ne mile) totaled 7,490,615 in October,
compared with 6,334,283 during September and 4,526,413 in
miles
1944—9 Mos.—1943
1944—3 Mos.—1943
oper.
"'
in September and
16.859
income-),-- $35,0.11,032 $32,227,034 $97,654,471 $89,038,902
taxes
admin.
&
Subs.)— Earnings-
(&
1
carried
Delta
Oil Co.
Continental
,
_
835,734
$52,488,000 as compared
The
1944~d2 Mos.— J1943
$8,654,199 $12,438,618 $11,500,174
6,552,025
5,G25,179
"4,246,722
taxes,
Federal
Notes—(1)
For
Continental Can Co., Inc.—Year-End Dividend—
i
Subs.)—Earnings—
(&
'post-war'''reserves';1" >t Equal to 81 cents per share on 1,162,600
shares of common- stock '(after-deducting preferred dividends amount¬
ing to $120,000." tPrevious-s years'
figures restated ;for comparative
purposes".
"
- • ,
:
month
three
$228,657 and
depreciation,
taxes.
for?The
Note—Shipments
nine
for
"
including-
charges
Co.
1944—9 Mos.—U943
♦Net of
of the preferred or
Net income
$2,159,827
$3,595,087
$8,767,078 $10,453,052
stockholders of
Earnings
per, share—
> $0.46
.
; $0.77
•
r$1.87
$2.23
Commonwealth for the stated reason that the fair value of the-assets-%
♦Includes' provision for estimated State and Federal, income taxes.
of Inland and Commonwealth, respectively,, is substantially-less -than
Note—Because of the- unusually heavy drilling program,
intangible
the aggregate amount of Indebtedness.
development costs, which the company Currently charges against' in¬
AH holders of securities and claims who fail to-present or surrender
As a
their;securities as provided in ihe plan or fail to release their .claims ; come, are considerablygreater thap those incurred in 1943.
consequence, .earnings )are Tower.;1.
within five years after the final decree shall lose, .all • rights,', to par-;•.
During the. first nine months of 1944 the company completed 313
tlcipate in the distribution provided for in the plan.—V.. 159, pV'2633. .,,
wells, compared with 212 coihpletions during, the same period of last
year.
Largely as a result of new well completions, the company's pro¬
•Commonwealth & Southern Corp. (& Subs.)-—Earnings
duction. for September,'• 1944, averaged 87;856 barrels" per day;
com¬
-Period End. Sept, 30— ; ! 1944—Month—1943
pared with 81,013 barrels per day .in • September, 1943. v Production
1944—-12 Mos.—1943 .
...
Light
&
taxes:
exc.
&
taxes-(including
981.
oper./ revenues,,.
Net
$1,363,583
nine month period of
deductions
,
all
Other
of
to
p.
Power
Gross income
after deducting post-war
$166,488
to
for the
1943 the
periods in
after
adjustments, and all
Net
Miscellaneous
The
600,000
$1,648,044
$582,501
and
1944,
same
tNet
full.
,
will be paid
; of Claim';.
7
.
Kansas Power Co,
State
228,657
$530,364
income taxes is
refund
tax
respectively.
paid $750 for certain services as
debenture indentures, respectively.:. Such
,
$1.36
.
profits
period of
Gross
;Principal Amount
Creditor—
for,Federal
-♦Provision
excess
Costs,
Guaranty
trustees under the
$1.43
profits taxes in -1942 and 1941). . The taxes
$749,606, in 1943 to $778,286 and in 1942 to
excess
$1,844,797
200,000
res..
Period End. Sept. 30—
to above.
fund referred
previously allowed by the court and will be paid in
'The following .creditors of Inland-and- Commonwealth
$30 in cash for each $100 in principal amount thereof.
The
$2,248,044
$452,900
post-war1
profit
Earnings ipefVSharet^^'n1
Co. will be paid $1,108 and
were
:
and
War
stock of Missouri Edison (all such
which the plan assigns a value of
remaining
the
Central Hanover Bank & Trust
Trust
$759,021
$1.75
.
Total income deductions
'
of
2,242,116
$6,728,328
4,88^,531
$3,001,137
"1,677,688
inc. tax.
388,325
$1.91
,,
160,
for
,•
■
Net
$8,027,581
5,779,537
2,330,588
$652,900
were:
-,:
26%
A
Mos.—1943
common
outstanding)
stock
common
$285,000;
1944—9
■
Other
taxes
♦Prov. for Fed.
,
of, the
1944—3 Mos.—1943
$519,651
383,325
5,034,218
;
profit before Fed,
inc.
'
' '•
Middle Westnwiir-be paid in full* satisfaction '-of' all claims against
Inland and Commonwealth;
;
■
a.
$260,786 in cash;
:
' - 1
b. 39.278
Shares of the common stock of Arkansas-Missouri (all
such shares held by Inland) to which the plan assigns a value of
shares
Sept. 30—
1942
$554,992
388,325
$9,415,905
State
(& Subs.)—Earnings—>-
1941.
1943
$679,676
388,325
•
revenues—.
♦Fed.
of America
Subs.)—Earnings-^-
and. provision for-Federal and State
Federal income
1398.
p.
Retirement Plan for
a
1944
Operating expenses
Deprec., renewals & re¬
placements
195,835
-
approved
1944
(&
share..__ ' •
amounted
oper.
$2,944,654
$3,170,752-
"
shares
per
1944
Total
3,424,818
-
jfX-'
•
$291,739
$280,503
Period End.
bonds will be paid $30 ir. cash for
in principal amount of said bonds ($32,226 aggregate pay¬
2.400
'
Delaware
$8,075,616
31,
'43
$2,352,250
Sept; 25, '44 June 30, '44- Sept. 29,
'
$743,832
Sept. 30—'
$550,000.—V.
stock
prcf.
Container Corp.
ment),
c.
464,586
$882,744)
186l!
p,
for Federal
reserve
Oct.
on
160,
income
Other
an
$315,000;
r '
Records, Inc.
Provision
.7'
$100
;
.
♦After charges
4,752,227
$7,490,056
$577,166*
Balance
holders of Commonwealth
Public
each
*
stockholders
Decca
$964,780 $12,473,246 $12,827,843
508,112
etc.—______,
expense,
equal basis....
Public holders of Inland debentures will be paid $30 in cash for each
$100
in. principal amount of said
debentures ($246,660 aggregate
payment),
series C,- of
notes,
* *
>
9 Mos. End.
14,724,758
pref.
on
Amort,
will be paid (a) an initial
bonds will be treated on
of such
"
"
f
The
7,530,574
756,995
income!.—
Net
Divs.
distribution
of- $66.75 in cash for each $100 in principal amount of bonds ($2,41^,618
aggregate payment) and (b) their aliquot portion of a 74% , share of a
remaining fund, made up of the cash remaining after (1) the initial
distribution of cash and securities to creditors as provided in the plan,
(2) ail taxes and all fess and expenses of the reorganization proceed¬
ings have been determined and paid, and (3> a release of anv balance
remaining'in hny tax escrow fund established or to be established in
cdnnecflon With the sale of The Kansas Power Co. common stock and
the sale of Missouri Edison Co', common stock/
The three (A, B and Cj
series
300,000
357,199
(less Treas¬
and State income taxes
Period End, Sept. 30—
accorded the different,classes
negotiated compromise of their conflicting
a
"
1945_»___
19,
$2,083,644.
Earnings
822,091
taxes^,._-_
income
Gross
The participations
holders of Inland bonds
-•
...
$961,859
savings
Outstanding
2,132,199
for
Int. and other deducs.—
•.
provides in substance that Inland and Commonwealth will
liquidated and dissolved and the assets distributed among, the
respective creditors.
Creditors of Inland and Commonwealth other
than Middle West will receive cash
in specified amounts, and Middle
West will receive a certain amount of cash and the remaining portfolio
of
v
:
serial note due Jan.
■_
for .Federal
employees;—V.
The plan
Clapublic
$9,354,536
Earned, surplus'.
$4,633,310 $60,081,592 $56,439,894
23.881,373
" 1,903,089
21,356,719
amort.__
<fe
Provision
be
securities of inland.
267,261
assets__—
payable
tax
ury
1944—12 Mos.— 1943
1944—Month—1243
expenses
Operating
a
Division.
a
2,482,770
3,152,264
■
'■■')■■
Co.—Earnings"$4,785,327
revenue
"
liquidation plan representing a compromise
of
litigated claims for the bankrupt estates of the Commonwealth
Light & Power Co. and its subsidiary,-the Inland Power & Light Corp.
The plan was filed -by John E. Dwyer, trustee of Inland, and Walter
Bachraeh, trustee of. Commonwealth, both of whom were appointed in
reorganization proceedings under the Bankruptcy Act by order of the
U.
S.
District Court for
the Northern District of Illinois, Eastern
approved
The SEC has
year,
•
C
(net)j._^.
payable-
Provis;on
corporation has called
^
■
last
of
1.941
w
Accruals
Consolidated Gas ^Utilities Corp.—Debentures Called—
The
.Period End. Sept. 30-r-
by-stockholders-at "the f pecial meeting held on Oct.- 5, 1944. "
The
$155,000,000 hof the company's 37*
bonds were sold to under-;
writers at 103-and. publicly offered by the. underwriters at 104 ft <—•
V.
160, P. 1966.
'
'
•*-; '/"%
Commonwealth Light & Power
,
.
Sept. 25,
$3,452,240
payable to banks,
♦Net
authorized
Approved— :
week
series
receivable
accounts
current
Notes
,
increased. 1.5.',,
refinancing program
decrease of <k8%.
Total gas revenues
25, 1944, company completed the
a
On Oct.
corresponding
1966. "' X
p*.
The
Liabilities,
Current
notes,
savings
tax
and
Accounts
Co..,,o.f Oklahoma, trustee; ..Oklahoma, City,, Okla. c Holders may- obtain
immediately the full redemption price thereof, including, accrued inter*V
est to Nov.-28. 1944, by presenting the debentures at the office of vhe
trustee.—V. 160, p. 1182.
.
♦
« %
•
Total sales of gas in therms were 227,540,033 in the first nine
months of 1944 compared with 229,433,615 in the corresponding period
1943,
the
160,
and
Current Liabilities—,
,
for redemption, on Nov. 28, next, all of
its outstanding 10-year 5#., debentures clue March11. 1.951, at l02.'/2. and
interest. J Payment will be made at The. First "National Bank
Trust
.
(2)
!(3>
for
18.0%V.
1944.
30,
June
$7,270,892, com¬
working capital as of
totaled
1944
25,
Total
22,714,062
21,972,364
12,718.684 ;12,721,388
12,718.684
Earnings; per
;' $1.28.'' ;
$1.79,,'
.'$1.73.
Not«*Ml) Total sales 'of- electricity in kilowatt-hours were 7,833.- 638,195 in the first nine month-s of -1944 compared-with-7,307,969,390 in
the corresponding
period of 1943, an increase of 7.2 % . • Total Consolidated
kwh.
205,600,000
decrease; of
at
Assets
Total
13,108,237
13,292,651
9,839.002
9,992,526
——c,——_
Shares, outStg.,
of
Treasury
1944,* amounted to 172,900,000 kwh., compared with 214,100,000 kwh.
for
the- corresponding'week
of 1943, a decrease of 19.27*.
Local
distribution of electricity
amounted, to 168,600,000 kwh;. compared
2,401,180
25,734,650
800,505
income
oper.
Sept.
of
as
■_
Notes
,The company on Nov. 8 announced that System output of electricity
generated and purchased), for the week ended Nov.- 5,
25,857,346
34.685,293
;
203,222 " 1,321,420
3,419.700
.
2,527,100
taxes
Current Assets—
Inventories
19.548,840
2,760,300
14,545,990
$274,186
before taxes
but
income
taxes
capital
$7,053,228
Cash
.
4.669,700
19,924,433
4.278,520
3,741,800
14,824,113
after
Current
(electricityNet
with
$5,132,255
462,595
188,409
$226,098
and State
working
pared
733,998
507,900
$5,637,079
after all charges,
foreign
income
Other
deprect—>
of
Write-down
income,
-
Sept, 29, 1943 amounted to' $6,347,439.
the
post-war
in- the
Sept. 25,'44 Sept. 29,'43
;
Net
exc.
Provision
sales
Federal,
provide life insurance coverage to passengers, pilots and crew members
of this country's regular airlines anywhere in the world; and, further,
it can offer life insurance coverage to those engaged in private flying,..,
22,397,437
14,651,393
23,323,438
14,824,900
16,903,897
11,147,000 '10,932,200
Net
The
of the Institute of Home Office Underwriters.
said:
"Our company can now, on the basis of
(& Subs.)^-Earnings-
Corp.
Quarters Ended—
insurance.
announcement
Simultaneous
1861.
160, p.
annual, meeting
State, local & miscell.
17,598,744
life
for
underwriting rules in regard to ail* travel was made in Chicago at
178,312,972
71,145,589
Provisions for taxes:
Federal
eligible
be
also
$8,418,734
$9,056,703
$906,448
$973,474
Davison Chemical
full life insurance cov¬
erage without extra premium has been made available -10 passengers
on this country's air transport linns anywhere in the world, Frazar B.
Wilde, President, announced on' Ncv. 4.
He further stated that •world-wide "coverage is also being liberalized
as to the pilots and crew members of these lines,
and that under the
new rulings other commercial pilots, private pilots and their passengers
the history of aviation
the first time in
For
$4.36
1944,
30.
Co., Hartford,
Liberalized—
1944—10 Mos.—1943
1944—Month—1943
Sales~„—..liw.;...%
Insurance
Conn.—Air Travel Insurance Coverage
shows current assets of
$21,052,386 and current liabilities of $5,690,146, resulting in working
capital of approximately $15,362,000.—V, 160, p. 725.
;
sheet
balance
,The
Life
General
Connecticut
-October Sales Rose 7.4%—
Co.-
Crown Drug
Period End. Oct. 31—
increase
an
—V.
profits and capital stock
Federal income, excess
taxes
$6,235,460
_
,
as
585,867
1943
$5,481,842
1944
30—■
served for the week ended Nov. 2, 1944 amounted to 249,compared with 244,818,938 for the corresponding week in
of 4,766,929 or 1.95 7c.—V. 160, p. 1966.
territory
Subs.)—Earnings—
Columbia Pictures Corp. (&
Fiscal Years Ended June
2069
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4333
Volume 160
$1,805,637
."$887,709
.
.
income
•Total
Interest
Prov.
''
:6r.c^'' reveriue^
Jl-
Operating expenses
Deprec. &
'
$
$
17,300,349
16,766,878
; '2,214,778
amort.—
$.
r'
'209,8161)97 196,362,635
for
first nine
the
than was
'71.533,815
22,8071034
$16,036,829
56,993,315
57.822.787
Sept, 30,
,
3,954,782
4,544,196
1944 averaged 5,181
months of
barrels per day more
produced during the same period of 1943.
Government-securities, including tax notes,
6,991,281* 86,067,646
1,852,003 .25,972.265
7.692,185
—
for; taxes!,_r!_
Provision
'
and
Cash
on
1943.
gen.
and ref. bonds.—,
Fe^..& State taxes on inc.
Noter—Fecjqral
.
"
on
for
,
.income
109,331
145,488
180,606
766,000
768,500
242,000
$874,960-
i
$891;648
taxes,.. including; •; (disputed
.
GJrbss
'
income"
3,438,604
1,510,545
' 3.379,398 40;783,470 44,198,999
' 1,366,893 '16,272,243 .' 16,496,869
976.853 11,284,525 11,721,918
DivSj on.pfd. stk. Of subs.
928,254
Other
234,003
196,196
-1,691,572.
'2,387,229
765,802
839,456'
11)535,129
"Net
ihcome!-!——.
♦Before
dividends
Note—Dividends
ferred
stock
on
were
preferred stock of parent
paid in full
on
corporation.
the corpo.ration',s $6 series pre¬
paid from
that date to April l. 1942; $4.75 per share was paid during 1943; and
dividends of $1.25 per share were paid on April 5. July 1 and Oct. 3,
1944.
At Sept..30, 1944. dividend arrears of $28.25 per share, on the
outstanding shares of preferred stock (not including fractional scrip),
after faking into account dividend paid on Oct. 3, 1944, amo.untrto
to
Jan.
1.
1935;
$3
per
share per
Crane Co.—Te Redeem
annum was
The
^ •
may
at
Morgan
The
of
this
weekly
kilowatt
corporation
hour
adjusted
.
output
to
of
show
electric
general
.
..
•
i
energy
business
••
of subsidiaries
conditions of
Co.
Incorporated,
23
Wall St., New
York, N. Y.—V.
on
Nov.
160,
3
declarecf
a
dividend !of 75
cente
per
1.
This
$5, payable Dec.
with 50 cents per
par
compares
due
legally
p.
have
already
been
finally
provided for in the
623.
(Formerly Albany Metro¬
have
successor
141.
outstanding
the
of
interest.
been
called
first mortgage fee sinking fund 6JA%
redemption on Dec. 1, next, at 100
for
share
p.
2274.
Period End. Oct. 31—
'
The
S.
above
sales
are
Beck chain of shoe
Sales Off 11.1%—
1944—Month—1943
$2,353,833
Sales
A.
gold
and
Payment will be made at The Continental Bank & Trust Co.,
trustee. 30 Broad St., New York, N. Y.—V. 148, p. 3685;
Diamond Shoe Corp.—October
15; to holders of record
share paid on vJune 10,
this yeaiiV.-o'lP' 1943 the company, paid a dividend >oi 25 cents and an
extra pft25 cents jon Dec. 15.—V.-160. p. 1076. rr
r,
""
the .capital1 stock,
Dec.
All
bonds
jPei-roleum Corp.—Larger Distribution—
directors
be
160,
rDeWitt Clinfon Hotel, Inc.
V.
Creole
,
ci)
Weekly Output—'
&
■
to
accounts.—V.
$4,000,000
sinking fund debentures due Oct. 1, 1950,
Payment will be made at the office of J. ?.
10-year 2V4%
interest.
p.. 1182.
The
$41,857.9,68.
and
102
determined
politan Hotel), Albany, N. Y.—To Redeem Bonds—
$4,000,000 of Debentures—
has called for redemption on Dec. 20, r.ext,
company
of outstanding
involving
dep|ep'atigri,/nftye!been ,settled with the Treasury Department through
yjwr
".^FedjeraJ" income .-tax" returns for- the years 1940, 1941
ahct.jl()42;4iavp, hqen. examined by the. Treasury Department and addi-
;Sept. 30, 1944, whiph compares, With $19,221,41a on
During the 12 months' period ended Sept. 30, 1944,
' -l"
The company has been advised by the-.Government that it realized
no excess
profits from renegetiable sales during 1942.
Schedules and
data covering renegotiable sales in
1943 will be complete^' and filfed
during the early'part of November—V. 160, p. 1182.
a.
13,592,983
deductions--_j„
$465,103
items
'ithifrf
amounted to
long-term debt was reduced $3,058,526.
Interest
,
1944—10 Mos.—1943
$2,664,918 $24,308,237 $24,066,989
for the corporation
stores—V. 160, p. 1629.
those
and
includes the
26
160, p.
oper.- revenues—
$227,505
$223-,217
$788,-622
rev.
deductions—
169,345
181,242
645,112
'656,717
Operating income-
$58,160
$41,975
$143,510
$95,996
670
509
2,601
2,719
$58,830
$42,484
"$146,111
16,659
67/122
75,012
income
income
tfiarnings
"After
$849,924
class
Federal
for
taxes
fAfter dividend
profits tax.
160, p, 623,
excess
stock.—V.
A
Prov,
of
Btiilion
Prov.
for
Outside
$5,016,753
$5,867,625
1,649,856
2,023,497
2,060,100
749,036
883,437
983,127
1,346,754
27,000
27,000
29,288
30,000
62,622
82,081
est—L
taxes,
Reserved
for
expense
deprec.—
—
•Net
consolidated
statements -exclude
income
which
subsidiaries
and
'
..
revenues
and ex¬
been
have
'
\
-
..
.
$19,052
sold.—V. 160,
\ ■-. ' /"
Co.—Earnings-
1944—Month—1943
1944—9 Mos.—1943
$1,068,816 $10,549,356 $10„290;532
778,190
703,683
6,763,423
5,996,256
268,277
263,077
2,389,150
2,671,347
period End. Sept. 30—
Railway oper. revenues. " $1,180,967
Railway
expenses.
oper.
Taxes
81,524
$134,500
$102,056
$1,396,783
$1,622,929
3,424
•Gross income
$1,899,317
$2,430,770
492,549.
470,527
$1,714,523
474,059
666,896
3,866
32,243
36,082
income
Other
$2,188,581
per
1,946,688
of capital
shares
$2,391,886
$2,901,298
$1.12
etc.-—$2,114,106
share
*.
$1.09
profit,
"On
$1,123
$1.49
stock
Stovel
Provision
V
The Dome Exploration Co.
is
General
work
He
will
also
Dome
of
Mr.
his
continue
director of Sigma
wherever
Mines
this connection
In
week
the
to
160,
5T
definitive
Co.,
trustee,
as
15-year
sinking
delivery at its office, One
N.Y.—V.
160, p.
1944,
2,
inputs
System
the
of
client
Services Inc., which are subsidiaries
Light Co., Electric Power & Light Corp. and
Light Co., as compared with the corresponding week
Power &
follows:
as
—Thousands of Kilowatt Hours—
—Increase—
'■
Electric
&
Power
National
Power
*7.2
92,422
97,640
*5,218
99,521
1,181
100,702
Light Co.
>
'
'
■
Pet
*13,724 *
1943
190,893
Light Corp
&
Amount
1944
177,169
Operating subsid-aries of—
American Power & Light Co,—
T.
\
$642,764
$578,965
losses
retirement
for
for
1943.—
po
above
Note—The
5.4.
1.2
..
have
There
called
been
for
collateral
$97,100
any
at 101
and
U
Called—
1, next,
redemption on Dec.
trust
4T" sinking
fund
bonds
due Dec.
Payment will be made at the Mercantile'Trust Co. of Baltimore,
1956.
trustee,
statement
income
from
Dividends
from
"v
■-
;
(& Subs.)—Earnings1944
$1,231,637
companies.—
Light Co,,.,
subsidiary
Results for
Association Only
of- Holding
"Net
232,368
213,004
Expenses
39,461
79,377
84,883
share
189,190(4
on
estimated
Industries, Inc.- -Listing of Additional Cond-
for
reserves
(including income taxes)
which is equivalent,
160,
com.
outstanding
shares
Federal
income
-$1,345,167
$1,295,324
19,869
21,114
$1,325,298
after provision
for preferred
.
$483,249
$2.01
renegotia¬
dividends,
:v
York
New
1,097,024
Stock
Exchange
has
authorized
consolidated mortgage 3'AVe
first
000,000
bonds,
listing of $13.-'
due Oct. 1,
the
series E,
$1,274,210
1.234/155
but
983.
p.
and
taxes
Erie Railroad—Listing of Bonds—
The
————
-
Interest
tion,
—V.
1967.
1944
——
per
"After
40,920
Taxes
Sept. 90,
$1,421,127
;
River Elec.
-
for
Ended
9 Months
profits
Earnings
1943
$1,208,123
$1,464,005
Fall
Total
——_——
issuance, :in
assets,
Connection
together
with
the
Stacey Corp.,-making
listed
the
with
acquisition
business
the total
453,000 shares.—V.
good
and
of
number
160, p.
will,
shares
1967.
Balance to
Internationaland
of
stock listed
of
1964.—V.
160,
1967.
p.
mechanical
reasons
it
is
not
always
to arrange companies in exact alphabetical
However, they are always as near alphabetical
position
possible.
as
J
-■
Items 'Eliminated
1944—12 Mos.—1943
1944—Month—1943
Period End. Sept. 30—
■order.
$91,143 ' \ $177,186
1 •
(Intercompany
Income
Combined
of
NOTE'—'For
possible
surplus---——————
Statement
.
.
1
dividends
Common
all the properties and
of
dividends--A-paid—al-—A—.
for
Balance
The New York Stock Exchange- has authorized the listing of 103,000
shares of common stock
(par $11 upon official notice of
additional
(& Subs.)—Earnings-
Fairbanks Co.
Subsidiary -Cos.—•
Duro-Test
sales
Net
profit
Earnings
,*On
1
after
taxes
and
'
Maintenance
1944
shares
160,
of
capital stock.
1734.
p.
tOn
77,923
54,979
*$0.35
■
243,743
Net
t$0.22
Holders
,
said
present
at'either
shares
at
any
time
,
-
above
mentioned
304,988
$207,015
$217,391
$2,653,482
$2,864,552
63,255
63,255
759/100
702,225
$154,136
$1,894,382
set
490,126
18.119
20,239
$1,397,363
77,652
$1,591,961
77,652
$1,319,711
$1,514,309
40,655
37,272
109
:
'
$113,372
B. V.
deducts.:
G.
'&
,
E .CO.-,—,
Balance
19,456
Applicable to E. U. A
Associates—
Utilities
Eastern
$1,492,080
$200,000 to working capital.
Combined
Profit
■9 Months Ended
Npt
and
Earned
and
213,004
$1,705,084
138,707
146,917
■
sales.—
$7,048,618
Gelling,
shipping and general expenses.
Interest on long-term debtMiscellaneous deductions
(net)———
Provisions
for
Federal
income
$6,889,353
5,829,290
———.
5,852.975
-
—:
at*
471,428
458,189
53,297
55,377
Cr4,477
Operating expenses:
Operation
14,525
280,000
taxes—
taxes
——
——
beginning of period————,l
Adjustment
of
in
provision
over
prior
for
234,000
Fed.
$419,080
on
Dividends
preferred
on
Purchase
Balance
Earnings
employees'
at
of
end
per
.
'
stock———I—
retirement
86,250
6,243
7,058
25,005
Operating
Other
Gross
period.
$2,266,461
share—
common
Consolidated
$1,708,235
*
$1.90
.
Balance
Sheets
at
(net)
Sept.
-$1.22
to
pub.
■'
1944
(less sink, fund requirement shown below)
States Treasury
notes.
United
Dominion
of
Receivables
Pulpwood
Canada
(less
inventories
Bonds——1
—
operations
II—C
I.IIII
Cash
required to be deposited for retire, of bonds
Cash on deposit with trustee for bonds
—
Prepaid
items and
Miscellaneous
Plant,
prop,
deferred charges...
100,000
;
975,207
Net
; 762,770
.
&
35,268
28,922
5,339,671
100,315
\
,
38,495
'5,258,689
$8,922,303
Federal
income
accrued
Reserve
for
Operating
First
5'■'<
taxes.......
reserves
5C
Capital
_.I
took
^
.—.I
bonds due
prior preferred stock
Commons
......
1953
(par value $20)
:
Total
p.
1293.
5,980,950
"26.189,679
31,038
587,936
29,989,467
427,322
6,011,988
•
26,777,615
30,416,789
2,836,091
12,864,673
12,383,272
3,175,897
13,912,942
Br255,442
1,449,482
•_IL-
.
Cr11 911
Crl3,211
1,548,323
5..792T64
6,760,824
69,947
348,018
337,743
7,753
7,793,724
10,943,115
Fed.
other
Prov.
Other
income
taxes
taxes
—
4,022
for
21,285
51,750
51.750
2,202.224
2,139,239
74,958
74,959
refinery supplies.
931,387
873,051
820.049
$9,423,G33
$9,005,047
$8,028,629
$107,621
$108,828
$107,905
352,514
360,006
457,514
190,931
223,021
83,612
$691,855
8,313,192
$649,031
7.379,599
inventories at cost——
mine and
Mill,
Total current assets
; ■
—
liabilities:
current
Less
Wages payable
payable .—A
Accounts
Taxes
payable
h———
Total current liabilities.
assets
deposit
Norwegian
are
power-
re
Less
$1,395,514.
'■ $651,066-
8,772,567
as per information available, viz..;
metal inventories at cost, $1,009,008;
items
$212,635;
receivables.
and
—
w—'
—
"Included
supply, $74,959; refinery supplies, $98,852; total,
payables of $55,755.
Balance, $1,339,759,—V. 160,
1079.
; (M. II.) Fishman Co.,
Inc.—October Sales-
1944—Month—1943
$602,319
$599,853
Period End. Oct. 31—
Sales.
——
—"V.
160,
1944—10 Mos.—1943
$5,075,250
$5,019,206
1525.
p.
Florida
Power
&
Light Co.—Earnings—
1944—Month—1943
Operating
revenues
...
$1,764,137
expenses
—.
■812,805
Federal
taxes
162,204
—.
86,016
taxes
retirement
Net
$528,112
1944—12 Mos.—1943.
$1,595,519 $22,180,162 $18,975,114
651,553
8.929,944
6,966,813
242,364
3.534,312
2,270,145
84.841
980,183
944,167
175,000:2,100,000
$441,761
$6,635,723
2.100,000
$6,693,989
(net)—;.
income
income
Gross
175,000
res..
revs
oper.
2,784
1,929
21,142
7,941
1
$530,896
$443,690
$6,656,865
$6,701,930
—
Balance
241,000
289.640
dated
deductions
on
mortgage
bonds
131.250
216,667
1.960,903
2,600.000
Int.
on
debenture
bonds
51,563
110,000
802,321
1,320.000
& deductions
105,668
28,369
996,217
357,329
$242,415
$88,654
$2,897,424
$2,424,6C1
Oct. 2,'43
Oct. 3,'42
Other int.
3,441
5,976
13,780
*Cr4,996
4,902
4,825
37,957
19,586
152,504
772,500
492,624
373,896
373,896
1,495,583
—V.
70,600
income
160,
p.
Fed. inc. taxes
■"Net
to
credit
after
capital stock tax
40 Weeks
863,831
adjustment
applicable to
with The
of
,1,024,448
$16,667
5,438,904
overprovision
8,849,669
for Federal
the eight months ended Aug;) 31V -1942.
franchises'of Balht's1 '-Power
& Light Co. and Dallas ^Railway & Terminal Co."
JFull dividend' re¬
quirements
applicable to. respective 'periods whether" earned w un¬
tin
accordance
earned.
1735.
Food Fair
consoli-
earned .surp.
—:—-
1,515,632
35,000
•Net
73.138
1,469,750
1,561,649 '
210,275
other
&
1,408,150
$8,922,303
2,245,387
74,958
Other
than
taxes,
150,000
1,708.235
•653,392
332,887
51,750
—
Int.
150,000
2,437,764
value
associated cos
Prop,
1,456,345
Total
Int.
2,000,414
Sept. 30, 44 June 30, *44 Sept. 30. *43
$5,938,553
$3,620,661
$4,226,255
(market
2,094,097
10,934,950
8,165
Expenses
2,266,461
Position
accounts receivable.—
and
Operating
79,138
7,785,971
130,687
2,148.302
\
audit and are exclusive of non-
V
Period End. Sept. 30—
1,557,627
410,901
'2,482,761
to
Deposit re power supply———
18,033,517
f;'. ' Elec. Power & Light Corp.—
-"'Net equity (as above)__
1,453,068
Other income
3,277
184,752
J
■
at cost
of .those listed)
10,934,950
460,904
I.I
......
-
7,785,971
$251,774
$9,667,927
surplus
160,
—
(par value $10.)—
Earned surplus since Dec. 31, 1938
~V.
,1. I~
II~I
—
1,557,627
')■•
Federal
liabilities..
29,989,467
Pr.
inc.
Lt.
$304,312
contingencies.....
mortgage
equity >of El.
'
payable
'26,475,929
286,250
min.
——*——
Corp. in
of subs, (consol.)
'
23,945
$9,667,927
Accounts
—
1,453,068
''
'
44,286
Other
j,029,650
Liabilities—
Other
interests
!
•Total
" 5,980,950
-
1,132,812
.
lll',74'2
pub.
to
applic.. to
Portion
10,000,
991,816
divs.
iPreferred
82,447
figures are subject
Securities
22,752,426
2,626,230
fTransfers to and from
-franchise.reserve (net)'
-
$470,650
700,000
76,357:
&c—i_——I_I
fimberlands (less reserves)."
investments,
and
$366,155
1,037,766
pulpwood)
logging
1943
..
reserves)
(except
and
Victory Loan
20,812,011
5,243,420
3,237,158
30
(Including Canadian Subsidiary)
■Assets—
equipment—41,317
&
deductions
other
41,174
5,863,388
income
interest
Net
•
—
Balance'
Cash
2,984,219 "11,678,107
5,822,214
income
income
$93,859
assets:
Cash
p.
192il60
'annuities—.
$196,405
^Quarters Ended;
6,437,780
17,868,421
12,717,935
$1,740,298
103,713
stock
common
of
5,908,464
oper.
$192,577
44.500
expenditures:
and
Financial
"Net
revenues-
Net
$2 568 577
v
299,840
"
Cash
years.—CrlSO.OOO
91, COO
310,011
taxes———-—;——'
deferred development-
operating revenue.
45,568,082
income-
_■
Dividends
'48.290,623
1,649,801 ." 7,726,591
4,751,597
21,352,587
4,874,447
'43
90,000
294.326
profit—————
for
&
profit
Current
::
-
depl.
appropriations
Sept. 30,'44 June 30,"44 Sept. 30,
1944—12 Mos.—1943
11,176,675
2,094,447
' 5.431,450
—2,870,503
Property retire. &
res;
,,,
$93,481
t
$438,199
Note—Above
$1,558,167
$
$
$
31,786,662 136,335,848 135,334,111
h—
Maintenance
1,466,011
.
——
Federal, taxes
$274,287
.
1,969,497
...
'33,213,769
,
t1'.'
12,034,458
Rent. for lease of plants
Total
$1,393,916
(& Subs.)—Earnings-
Corp.
$
revenues
Other taxes
^ct
Balance
and surplus.
1944—3Mos.—1943
31—
Subsidiaries—
Operating
$50,801
$597,415
Investments in
Period End. Aug.
1943
$56,562
$576,903
oper.
Capital
1524.
Electric Power & Light
Accounts
1944
-
■—
:
available for dividends
p.
for
Deprec.
Metal
Surplus
,
of
Gross
1
Sept. 30-
sales '
Cost
Loss
160,
$55,207
manufacturing, selling, administrative expenses and
bad debts,
tlncludes excess profits tax, and in 1942
charging
Earnings statements:
$1,492,080
$1,532,623
Balance
183
t99,00G
Falconbridge Nickel Mines Ltd.—Earnings-
Plant
232,368
■
—V.
2,812
1197,000
Quarters Ended—
Net
$1,300,255
-
and interest
taxes
Expenses,
15,918
1,633
T191.000
income
provision
—' ;
;
(as above)-.-—':
of subsidiary cos.
Non-subsidiary income
Earnings
the proceeds will be used to retire the present 5% bonds
and prior preferred stock, tc provide $500,000 for
postWar
construction purposes and to add approximately
$208,216
9,414
1.924
taxes-
22,229
$1/300,255
1967.
.Eastern Corp.—To Place $2,500,000 of Bonds Privately
—Negotiations are in progress for the private sale of
82,500,000 first mortgage 3% % bonds which if consum¬
mated will be issued presently. It is contemplated that
$254,403
9,691
tl34,000
(net)
income
Provision
interest—-
minority
Applicable to
1941
1942
$255,620
includes contingencies.—V. 1C0, p. 727.
■
$106,438
Preferred div.
for
1943
1944
$196,655
9,372
—
$2,102,327
478,900
$143,760
—
amortization
Balance
date
Fed.
Net
the Guaranty
at
credits
Misc.
417,569
—
&
profit
-
$2,446,983
26,031
Miscellaneous deductions
1
before
or
$2,348,494:
$191,360
-27,129
accruals
res.
income
Gross
Interest
Broadway, New York, N. Y., and receive the full
price, plus accrued dividends to Jan. 1, 1945,-^V. 160,'
redemption
p.
bank
1,832,058
137,283"
"Operating
Deprec. of plant & equip.
"After
140
the
457,001
1,690,450
$179,836
•»'
revenues—
income-)net)-
Balance
,
may
Co..
taxes)
inc.
oper.
Non-oper,
All outstanding shares of Grf>
preferred stock (par $100 per "share)
have been called for redemption on Jan. l, 1945, at 105 and dividends.
Payment
will
be
made
at The
Western
Bank &
Trust Co..
Cin¬
Trust
525,601
capital
shares of
Retirement
redemption
*
3 Mos. End. Sept. 30—
Est.
Eagle-richer Lead Co.—Redemption of 6% Pfd. Stock
cinnati. Ohio.
45,662
137,620
■
—
(incl.
Taxes
'
•
,
1943
43,067
$1,450,481
—*—1/"
charges
——————/^—
share
per
223,743
stock.—V.
Operation
$2,454,959
.
,
—:
$913,583 $11,413,126 $11,064,308
541,873
6,706,973 V 6,469,874
$930,685
567,517
Operating revenues—
wholly-downed subsidiaries)
Fiscal Years Ended July 31—
.Net
*
(A Subs.)—Earnings—
Corp.
(Including
:
160,
Redwood Sts., Baltimore, Md.—V.
Calvert and
Baltimore,
1293.'
p.
of
do not include the system inputs
in both periods.—V. 160, p. 1967.
figures
not appearing
Elk Horn Coal Corp.—Bonds
90,000
$40,671
$42,986
provision
.
Nov,
&
Stock—
311011
to be
$1,577,379
Ebasco
of
Power
during 1943 were
669,290
1861.
p.
Balance
Dresser
610,377
Cr30,000
Eastern Utilities Associates
the
2
New York,
67,332
70,328
12«Months Ended Sept. 30—
announced that
debentures - are
available
Nov.
on
fund
Wall St.,
$554,493
Elliott Co., Jeannette, Pa.—Earnings—
all exploration
present them¬
cover
opportunities
will ppen an office in Toronto.
duties as " General Manager and a
Mines (Quebec), Ltd.—V. 160, p. 1734.
Trust
$228,122
$16,667 overprovision for Federal
the eight months ended Aug. 31, 1942,
of
Inc.—Weekly Output—
ended
companies
American
companies
—
before
income
"Net
(The) Drackett Co.—Definitive Debentures Ready—
Irving
1,515,632
70,600
adjustment
Ebasco Services
post-war
Dividends
The
1,495,583
35,000
256,957
income
"Net
V.
McCrea
other
373,896
160, p. 1862.
interest,
(Quebec), Ltd,, of whicif James G. McCrea
will expand its activities
Manager,
behalf
cn
selves:
492,624
373,896
$101,017
after
credit
.For
of
19,586
37,957
772,500
capital stock tax applicable to
—V:
$1,659,011
239,684
—
for
re-adjustments
.
$1,429,026
27,919
——_
Depreciation
resigned his position as General
has
$105,922
24,610
debt,,
funded,
etc.
$137,924
inc..
corporate
on
rents,
Manager, effective
as of March
l. 1945.
He will continue, however, as Managing Director
of the company and its subsidiaries in the capacity of Vice-President
and director.
Robert E. Dye, Assistant General Manager since 1935,
will become General Manager to succeed Mr'. Stovel, I
H.
Gross
>
Int.
New General Manager—
J.
*04,996
4,825
152,504
deductions
""Decrease.-
"Earnings
13,780
4,902
other
&
National
$1,447,210
earnings.
Operating profit
Miscellaneous
5,976
210,275
Net income
.7,
$78,989
$25,824
$42,087
■
Eastern Massachusetts Street Railway
$4,356,897
1,687,930
explor.
$3,670,825
3,441
taxes—
taxes
operating
and
oper,
costs
general
income
"Net
—.
1941
1942
1943
$3,973,798
production
Development,
$2,909,313
than
other
Expenses
Int.
4,650
■
■
■
,
properties
624.
p.
1944
Sept. 30—
Fed.
income
surplus
Note—The
pense
9 Mos. End.
Fed.
(company)
Balance
Mines., lid.—Earnings-
Dome
"
—_
deductions
Income
$1.99
$2.20
202,606 common shares
including
on
1943
$891,707
—
share on
per
taxes
requirements
—
Gross income L
1944
Sept. 30—
—.
taxes,
Prov. for Fed.inc. taxes
Dixie Cup Co.—Earnings—
''Net
Fed.
Other
Other
12 Months Ended
$765,323
$98,715
16,743
1629.
Atlantic States.—V.
1944—12 Mos.—1943
1944r—3 Mos.—1943
$693,531
1
Gross income
$752,713
Oper.
in the South
apparel shops
women's
operates
corporation
Total
$1,567,191
$1,852,293
$576,216
$645,003
Sales
The
.1944—3 Mas,—1943
1944—Month—1943
Period find. Oct. 31—
Period End. Aug, 31—
' 1944—12 Mos.—1943
1944—3 Mos.—1943
Period End. Sept. 30—
Earnings of Company Only
(& Subs.)—Earnings—
-East Coast Public Service Co.
Sales 11.9% Higher-
Diana Stores Corp.—October
Monday, November 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2070
provisions
of the
Stores, Inc.—Earnings—
Get. 7,'44
Ended—
$33,062,278 $31,694,699 $31,685,708
"Profit
;
414.809
397,308
.
591,573
Earnings per common share'—
$0.96
$0.91
$1.47
Number of stores in operation—
71 '
73
76
Sales
-
—
—.
-
'"After
1943.
V.
all
and
160,
P.
charges and provision of $294,100 in 1944, $293,650 in
in 1942 for Federal and State''income taxes.—
$450,350
1967.
cumulative preferred stock
($50 par), and; 75,000 shares of. common stock (par 20
cents) was made Nov. 6 by an .underwriting fgroup
headed by Allen & Co.
The preferred stock /was priced
fo the public at $50 per share and the common stock at
$7, per share. 'This'offering does not represent any new
financing on the.part of the company, as all 'the shares
are presently outstanding.
The stock is being sold for
the account of J. C. Penney and Paul E. Reinhold, who
will receive the proceeds therefronx.
•
of 13,000 .shares of 6%
,
of
such
Other
accounts .underwritten
are
follows:
as
.
Buckley
Bros,
~T,66o
&
'Courts
Dickson
S.
'Clement
R.
H,
Kirchofer
&
Weil
—V.
Net
1,234
Net
income
the
months
nine
of
this
the
,
accounts
5,000
12,000
250
3,000
500
4,500
refund ,of
stocks and
bonds, at cost or nominal value, $17,680; "investment in Northwest
•Magnesite Co. (4,000 shares, common stock, at cost, less reserve),
$515,000;
notes receivable and accrued interest, $570,173; deferred
accounts. $257,223; repair parts, etc., $542,113; employees' war savings
•bond account
(cash-and securities),
$50,819; real estate, buildings,
machinery, equipment, mineral lands, etc, (.less reserve'for depreciation
Co.—..
; Assets—Cash,
„
—
Co
1.000
1,000
Corp.——
4,500
Co
Co.,
Inc..
""500
<
^000
450
.
and. depletion
$7,317,166),
,of
Liabilities—Accounts
Privately-*-It
was
$7,000,000 of Bonds Being "
announced on Oct. 30 that the
—
notes-due Jan.
to
anJ
trade
others,
1.
$2,146,000;
earned
surplus,
total, $21,417,274.—V.
$4,556,707;
160,
p.
Which
fabrics
for
Funds
redemption
the
will
Kelly
elected
/General Telephone
1
Net
DiVsJ
:■■%/-
■; /%•
Halifax, Canada.—-V. 160,
income
$1,326,030
$1,457,2:77
328,125
328,125
realized
including
(Not
capital expense.)
9 Mos, End. "Sept. 30—
Interest
,.
dividends
Cash
Income:
balance
Total
and unrealized gains or losses on securities
;
/'V
1944
1943
1942
1941
$76,763
$73,500
$66,535
$81,640
14,557
23,563
-i.u-.2-~
21,366
$91,552
$90,673
$103,006
5,479
5,493
4,262
6,180
9,920
8,325
9,547
$78,247
$76,139
$78,085
$87,278
69,885
71,370
74,239
79,354
..*•
income
Trustees'
18,052
'
etc._-
575
-•
,
(6:T
coinpcns.,
of gross Income)
Other expenses
<
__—.
.•
Federal
normal
Federal
,
excess
Post-war
period
"
—V.
paid
160,
accrued
and
p.
535.
.
Aluuminum Forg-
Corp.—Chevrolet
General -Motors
ings Output at Record—
?'
..
1,737,631
taxes
income
surtaxes
&
/
1,121,954
3,649,247
364,924
profits taX_________
Li
refund/ credit '
A
.
Sanford
;
1,646,945
1,166,541
2,979,232
215,866
been
distributed
to
the periods
to which
10,806,962
12,432;408
4,349,439
7,531,985
5,585/430
6,924,355
6,970,641
8,663,777
8,353,975
11,315,931
11,019,157
11,238,617
13,848,910
$7,867,393
1,467,930
170.495
368,004
511,543
875,482
584.979
584,111
$461,937
622,489
.!
3-1.879 r
He/156,704 . /
.15,158
He/163,452
$1,234,111
810,391;
597.839..
"Tor ten months ended July 31.
$For eight months ended
$232,065 profit on sale of Cincinnati plant.
Worsted
Goodall
Co.
of
and
Stock Interests in
July 31.
Sanford
Mills
were
Goodall and Sanford
effectively
controlled
Oct. 3, 1944.
In August,
and their husbands and wives,
and trusts of/which they were the beneficiaries, owned (a) approkimately 43% of the outstanding stock of Goodall Worsted Co., which
had. 79,384 shares of capital stock outstanding in the hands of approximembers
/
of
members
1944,
the
of
until
fartrily
Goodall
the Goodall
family
730 stockholders, and
(b)
approximately 48%
df the out¬
standing stock of Sanford Mills, Which had 234,978 Shares of common
•
2,333,384
1,558,593
4,689,282
422,416
the latter part of 1943
applicable.
10,514.151s.
.
"*$357,413
923,176:
$1,410,250
2,081/676
*$5,160/605
7,824;832
9,066,182
-12,951,585
Goodall
Sanford
Goodall
$9,147,829
1943
by
;
:
tCertain retroactive adjustments made during
mately
capital
stock
In
holders.
■
t
-the
management
.
13%
of
"Goodall
in .the
hands
of
approximately
1,210 stock¬
Hopewell family (who are n'othad
been Identified with* the
for many years) owned approximately
of Sanford Mills. '
'
>
family,
Sanford
Mills
outstanding
the
of
outstanding
addition/ members of the
to
related
stock
but
-Union Securities, Corp. and W. C. Langley & Co. first became inrepresents an amount which- is >
.
equivalent to the additional Federal income and expess profits taxes / terested in the purchase of
controlling stock interests in Goodall
which
would /haVe
and Sanford through Elmer L, Ward, now President of the company,
been payable on 1944 earnings ,if a subsidiary
who was then a director of Goodall Worsted Co. and had been active
company did
not have the benefit, for tax purposes, of deductions
in
the
for. discount., redemption premiums, and expenses, incident to the -re¬
Goodall,management, for. more than ten years.'
Mr, Ward
•/. financing of ; ifrinded • debt.
advised" Langley that the members of "the '/Goodall family wished toSuch amounts "have ' been credited . to
:
unamortized debt discount. premium -and'Txpense 'as a priftial offset
dispose of their holdings of Goodall Worsted Co, and Sanford Mills./
to
the items included therein
applicable to the bonds which were .•/' Accordingly, Union and Langley formed a group of investment banking
refunded.—V.
firms to purchase from the members of the Goodall family and frftm
160. p. 626.
certain
members
of
the
Hopewell family their stock interests in
Goodall and Sanford,
/General "Water Gas & Electric Go.—Sells Boise Water
Under
date of
Aug.
28, 1944, Union
entered into an agreement
Corp.—
/
/'■,
•,
with William H. Marland, Harvey D. Thornburg, Thomas M. Goodall
The company controlled by International .Utilities Corp., has con¬
and W. N. Campbell (representatives of the Goodall family)
whereby
summated the sale of its Boise (Idaho) Water Corp., a subsidiary. v
Union
agreed to purchase from such sellers
(a)
34,343 shares oI
From
the
proceeds of the sale General has
liquidated both its
Goodall stock
(approximately 43% of the total outstanding), at $55
$100,000 bank loan and the $385,700 owned .its International Utilities
per share,
arid/(b) --113,240 shares of Sanford stock (approximately
Corp. parent.
It is also redeeming 5,987 shares of its $3 preferred
48% of the total outstanding), at $40 per share.
The purchase agree¬
' stock at $52.50 a share and dividends. /
ment provided,, among other things, that
(i) Union would make an
"General Water-has applied to the New York P. S... Commission' and
offer not later than Oct. 10, 1944, to all stockholders of Goodall and
to the Securities and Exchange Commission Tor permission to sell Its
Sanford to buy their stock at the same prices it agreed to pay to the
equity in the Rockland Gas-Co., Inc., subsidiary to Rockland Light :
sellers, and (ii) Union might, With the consent of the sellers./ assign
& Power Co.
The price to be realized from _this. transaction probably
its rights under the purchase agreement in whole or in part.
1
will be somewhere around $650,000 to $660,000.—V. 160, p. 1400.
^.
Under date of Aug. 28,
1944, Union entered into various couriter-
charge of $181,000 which
•
.
Net Income for
Dlvs.
.
Consolidated N et Income
Consolidated Net Sales
Period
Acquisition-by -Purchasers
>
General
have
7,594
______
bonds,
on
figures
of
Tlncludes
$1,294,774
$1,129,152
$997,905
:
,
$91,320
sale
Stock; div;
case
1944
$1,732,274.
437,500
_____
pfd. stock of corp.__^._—_
on
$Also after
or
"
$4,103,597
2,371,323
.
.
General Investors Trust—Earnings—
$3,245,387
1,788,110
Income
,/;.■>
■
$3,114,783
1,788,753
"Tncludcs:
announces
' /
earnings
and other vdeductions^__L
;
that it Will redeem on Dec. 1, next, -ail: of.'
its
outstanding 5'/<
sinking fund debentures due. 1949 at 101 and
interest.
Pavment will be made at The Royal Bank, of Canada in
1735.
the
194Q__
,
Net
Interest
■
Montreal, Toronto. Vancouver. Winnipeg and
Subs.>«—Earnings—
Corp. (&
1944-D Mos.~$1943
12 Mos. '44
$22,080,719 $20,427,748 $29,193/726
TOper. expenses and'taxes:_-_lV—_ $18,874,807 T7,087,240 $24,958,930
Miscell. deductions (less other inc.)
91,129 ".'
95,121
'131,199
•
p.
in
1938_________
revenue's
y
are for fiscal year ended Nov. 30 in
Sanford Mills, and are for the fiscal year
July 31 in each year, in the case of Goodall Worsted Co.)
-
indicated,
as
1935___„_
'
a
,
Earnings
aha
1937
Corp.—New Director—
Period Ended Sept. .20—
Operating
Gatineau Power Co.—To Redeem Debentures—
The company
■
.
Fiscal Year
member of the board of directors.
Baldwin Locomotive Works.—V. 160,. p. 1968.1
beeri
has
is President of The
1967.
provided out of the company's resouices.—V. 160, p.
be
and
1939
in part by the new issue of $7,000,000
collateral Trust bonds.
The balance of funds
tion
to carry on
Goodall
and
1936___
Castings
Steel
General
Ralph
He
outstanding 6% bonds are being
3Yu % first mortgage
required for redemp¬
the
of
Sanford
Sales
year,
ended
.
;
'
■
the businesses heretofore
their respective subsidiaries
consists primarily "of the production of a variety of specialty
woven
from blended fibers.
'
*
(Except
each
or
recently
and
/1
v.
intends to'continue
by
/ /
its outstanding bonds and
provided
"
•.
Company
accrued
626.
the
The
Co.
sted
$192", 171;
for contingencies,
reserves
19, 1889, to
mohair yairn
had decided
corporate
enterprise.
conducted
$328,710;
Co.
operate
worsted
Originally
/separate
notes payable, account of acquisition of The Eerif
(due 1945 to 1949), "$460,000; 314% promissory
1957,
Worsted
and
weaving
businesses of Sanrford and Goodall, despite their
identities,
were
operated substantially as one
principal mills of the two companies are located in.
Sanford, Me.
L. C. Chase & Co.. (the business df Which was acquired
by Sanford Mills in 1932, and which is now operated as a subsidiary
of the company)
were sole selling agents Tor the products of Sanford
Mills, and also distributed some of the products' of Goodall Wor¬
•
employees' group insurance reserves, $1,657; Collections from employees
for
purchase of U. : S. war savings bonds,- $50,819;
capital stock
(469,713. shares of no par Value); $12,394,738; capital surplus, $611,338;
is placing privately in the United States $7,--
company
S. - Government. securities, $552,000;
(less, reserve), $2,212,114; inventories,
$11,212,503;jtctai, $21,437,274.
payable,
carried
was incorporated in Maine Oct.
mills for spinning
wool and
textiles Which the Goodtvll family
add to their earlier enterprises at Sanford, Maine,
and
Fire'Brick-Co.
TUCky
due course foi
Stock Exchange.
merger
construct
$3,243,816; accrued interest receivable, $4,292;
post-war
excess .profits
taxes- (estimated). $4,421;
miscellaneous
2,000
i_——1__^—
——
receivable
to make application in
stock on the New York
intends
common
and
a
Goodall
■
.,
Sheet, Sept. 80, T944
U.
/ $2,235,120;
notes
and
'
,
the
Business—Company is a Maine
corporation Which,
effective Oct. .19, 1944, is continuing the businesses
on by Goodall Worsted Co. and Sanford Mills.
,
Sanford Mills
was
incorporated in Maine June 9, 1877, to take
over- -and
operate
mills
for
weaving
mohair plush fabrics which
Thomas Goodall had established at Banford, Me., in 1867.
History
8,500
Balance
v
of
theretofore
.
Sept. 30,
the -third
arising from this source fori the nine months ended
amount to $351,557.
Of this total $178,968 applies to
credits
v
listing
through
42) In reporting the above " results for '1944 no provision has been
made for anticipated benefit to be derived from" "two-year carry-back,
arid
carry-over" of
unused
excess
profits credits.
The estimated
'
1942
^Listing—Company
totaled
$563,736, or
year
.*
-2,500
announced the calling for redemption of all
those of its subsidiary, Restigouche Co., Ltd.
The parent company's bonds are being called on Jan. 1 at 103 and
accrued interest, and the Restigouche bonds on the same date at 101
and accrued interest.
Both issues are (payable as to principal and
interest at the option of holders in United States, Canadian or sterling
currencies.
On Dec. 31. 1943, date of the company's last financial
statement, there were outstanding $5,529,500 Fraser 6% first mortgage
bonds, due Jan. 1. 1950. and $3,413,500 Restigouche 6% sinking fund
mortgage bonds, due Feb. l. 1948,
The
for
Goodall Worsted Co.
-
.
$171,870, or 26 cents per share, which compares "with
$1/20 per share for the same period Of 1943.
000,000 of 3V2 % first mortgage and collateral .trust bonds, ;
dated Jan. 1, 1945, and maturing Jan. 1, 1965.
These .
bonds will 'be payable as to principal and interest 'in
United States currency only.
,
.
_
;
Nil
988,929
$955,317
$2;04
.
3.500
TTaser Companies, Ltd.
company,
$190,634
.$0.41
fOn 469,713 common shares -(no par).
accounts, $675/133;
Placed
206,006
$521,234
$1.11
165,504
*$46,507
tEarnings -per--share-Li'.•
1525.
p
income ——_2__
500
Chisholm &
160.
(est.)
250
Co.—
&
profits,
-exc.
tax
-"'Net-loss.
246,749
income
Penn.
&
taxes
4,560
87,150
,92,724
20,343
.7,724
Cr516
.....
79,617
7,000
Tgnenbaum
Scherclc 'Richter
Varnedoe,
395,125
3,470
545,184
186
Offered—Union Se¬
& Co.'headed an under¬
writing group that offered Nov. 6 $2,800,360 3 lk % sink¬
ing fund debentures, dated Nov. 1, 1944, due 1956, at
103% and accrued interest, and 226,566 2/l'2 shares of
common stock at $22.75 per share. The securities are is¬
sued and outstanding and do not constitute new financ¬
ing in behalf of the company.
The company is a con¬
tinuation by merger of the business of Sanford Mills and
1,250
1,000
Arnold-—
Pierce
C,
127,433
160
for 1943.
/
Goodafl-Sanford, Inc.—Securities
1944,
Valley Investing Co.—
Peltason.
Clyde
100,100
-
21,182
Fed. .and
3,000
Inc.—__—
earnings
net
This compares with $216,000 estimated a year ago
curities Corp. and W. C. Langley
752,628
-
quarter.•
Manning-
M.
$2,090,345
792,168
$3,580,519
190,976
&
Lemon
Mohawk
$702,798
203,261
3,000
Co.,
60 cents per share 011 the
holders of record Oct. 25,
and 40 cents
10, last year,
Secietary, on Oct/' 18, also announced that
for the year 1944 Will be approximately
Fielding,
C.
—V,. 158, p, 1937..
.
5,000
&
to
147,900
____
deductions;
Other
8,500
Co.
&
Johnston.
V.
275,193
300
Evans
A.
Johnson
29,935
Co.
&
1
1942.
16.
estimated,
$300,000."
1,000
Co.—
Gv W; Crawford 'Co., Inc,__-_ii——-—i
R.
28,442
Interest,
Com.
__._i__.__:.
$3,432,619
Amortization
5,000
George D. B. Bonbright & 'Co...^.-....^.,-.-.J. C. Bradford & Co
_■—
$1,815,152
"
Notes—(1)
:pfd.
Nov.
on
various
dept. & aihortiz,.
Corp. and prop, taxes
-
1—
Co
&
$672,863-
$278,913.
inc. from
Profit
-No. of Shares-
Allen
$250,471
_
__
•Depr.,
the -respective
arid
-
■
.
"the
-sources
.
underwriters
of "the
-
4,457,445
bef, oth.
profit
income
.
items
names
exp.
_____
Nov.
'
•
Cnflcrwriters—The
and
payable
$1,
par
dividend of
a
with 50 cents paid on NOV,
compares
Warren
"Gross
subsidiaries
its
"Foremost"
sales
operations
common-stock,
This
Distribution—Earnings-*
Corp.—Larger
The directors have declared
$5,871,412 $20,044,121 $25,447,077
•
.
• 1 .
•
- •
5,201,549
18,228,969
22,014,458
$4,707-,916
'
purchases and markets under the
as milk, other dairy products' and
ingredients for manufacturing ice ' cream, such -as -cream, condensed
milk, sugar, fruits and flavors;
-Sales .consist (principally of milk,
cream,
buttermilk, butter, cottage cheese, ice cream, ices, sherbets,
and frozen confections.
Its business is conducted at 20 plants.
through
trade'name
of
Cost
Good Humor
.-'//-,
1944—12 Mos—1943
V 1944—3 Mos.—1943
NCt-Sales
engaged in the manufacture and distribution of. ice
cream
and
dairy
products through
its wholly-owned subsidiaries,
Foremost Dairies,
Inc., of the South and Tarrier Co. of 'Delaware.
Company
Period End. Sept. 30—
<
■
is
Company
Refractories Co.—Earnings—
General
Offered—Public offer¬
Foremost Dairies, Inc.—Stocks
ing
•2071
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
Volume 160
.
•
The corporation's Chevrolet Motor Division has produced and shipped
than 100,000,000 pounds of aluminum forging's from/its Saginaw,
plant in a period of 22 months, it-Ts-announced.
This is the
largest of four aluminum forge plants operated by Chevrolet in support
of the war effort.
The corporation's announcement further went on
/ parts of an agreement With Hill, Barlow, Goodale & Wiswall, Boston,
Georgia Power Co.—'Earnings—
■to say:
as
escrow
•:
"
./■ / ' "/
agents, and stockholders, holding an "aggregate of 21,462
Period End. Sept. 30—
1944—Month—1943
1944—12 Mos.—1943
Early in 1942 the Aluminum Section of the War -Production Board
! shares of Sanford stock.
The agreement provided that the Sanford
Gross revenue
$4,119,300
$4,046,683 $48,940,324 $46,616,178
stockholders becoming
requested Chevrolet to provide additional facilities to produce 4,000,Q00
parties thereto granted Union the option to
Operating expenses
1,942,005
1,789,238
21,907,772 17,470,242
pounds of hcavy^aluminum forgings per month. The facilities, owned
purchase their Sanford stock at $40 per share at any time on or
•Dfiprec. & amort.468,167
393,000
5,942,501
4/670,206
before Oct. 3, 1944.
by the Defense Plant Corporation and operated by Chevrolet, were
<
Provision for taxes__-__
1,010,619
1,075,051,12/348,486 14,314,083 /
completed and the first forging produced on Dec. -7, 1942, the -first
Under date of Aug. 25, 1944, Mr. Ward entered into various coun¬
anniversary of Pearl Harbor.
The first shipments were made two
terparts of an agreement with Boston Safe Deposit & Trust Co.,. as
$8/741,564 $10,161,647
$789,394
$698,510
•Gross
income
weeks later.
escrow
agent, and stockholders holding an aggregate of 4.464 shares
3,767,580
3,700,098
308,021
298,260
Int./ & other deducs
Of Goodall stock, under which (a) such stockholders agreed to execute
Shipments averaged 4,500,000 pounds per month for the entire
and deliver to Mr. Ward, at his request, proxies authorizing Mr. Ward
period of operation against a rated capacity of 4,000,000 pounds. The /
$6,394,067
$5,041,466
$481,373
Net income
i_
$400,250
to
vote
such
stockholders'
Goodall
stock
for any purpose
at anylargest single'month's production exceeded 6,400,000 pounds.
■
':
2,676,064
2,676,064
223,005
223,005
Divs. on prcf. stock__;
One
of
the
principal
products
of this plant has been
airplane
meeting of stockholders or, in default of giving such a proxy, to
propeller forgings, Including those used on'the B-29.
Total production
"give Mr.* Ward The option to purchase such stock at $55 per share,
/-Balance
$177,245
$258,368
$2,365,402 $3,718,003
of propeller blades has exceeded 31,500 in -a single month.
and
(b)
Mr.
Ward agreed
that,
if and
when "he Should request
'."
—V. 160. p. 1400.
The other three Chevrolet aluminum forge plants have been engaged
such
a
proxy,
such stockholders should have trie, option of Selling
in
their Goodall stock To
Mr. Ward at $55
producing smaller parts, with corresponding less tonnage; but
per share.
All the stock¬
holders who were parties to the agreement executed and delivered to:
Gillette Safety Razor Co. (& Subs.)—Earnings•equally important in the manufacture of airplane engines and airplanes.
These Tnclude crankcase sections, pistons, landing gear trun¬
Mr. Ward' proxies authorizing
1942
Mr. Ward to vote such stockholders'
9 Months Ended Sept. 30—
19a4
1943
nions and similar items.
In this case pieces are more important than
Goodall stock' in favor of the plan of merger and recapitalization of
Profit from operations
$9,994,837 $7,656,243 $6,856,313
Goodall and Sanford, and accordingly Mr. Ward did not purchase any
tonnage,
and -monthly " shipments
have exceeded 400,000
pieces in ;•
213,285
;
more
'
Mich,,
'
___
•
,
-
,
,
.
—
some-months
from_ the
three
■
75-Cent Common Dividend—
The
on
of
the
directors
Sept.
'50
9.
16.
this
declared
Nov.. 6
on
outstanding
record Nov.
common
A
like
year.
stock,
amount
In
1943
cents per share in each
dividend
a
par
was
the
;
of 75
-
;
company
quarter.—V.
160,
p.
distributions
'made
.
inc., exc. prof.
and U. S. capital stock taxes___i-.
.
B Mos, End.
of
-1941
Other income
19*42
$853,715
$719,227
$1,403,599
44,705
Operating profit
1943
45,221
42,195
61,657
*
1944
'•
.
*
Gross-income
Other
Prov.
for
Federal
(horm/ & exc.
Net
Bhs.
—V.
com.
stk, outstang.
per
160."p.
'$761,422
138/728
147,750
$1,465,257
204,091
317,986
341,295
291,414
'514,783
$418/914
$322,258
$746,383
735/000
735:000
$0.80
taxes
profit)
profit
Earnings
$898,937
$419,549
deductions
$866,341
128,805
_______
share___
728.
735,000
$0.37
735,000
,
$0.36
•
Goodall
-4,379,992
—V.
$2,360,346
with
$2/265,037
$9.61
$3.39
$7.79
.$0.82
$0.65
$0,58
earned,:per sh. of pfd., stock__.
Amt. earned per sh.
160. -p.
of coin, stock—
v
t
$0.23
Mr.
Ward
Production
Corp.
—
To Double Alligator
df (versatile
"alligators"—the amphibian tank Which
proved itself in some of the most bitterly-contested campaigns
Pacific and is now playing an important role in the invasion
Phillipines—will be doubled at the corporation's plants
next 30 days, it was "announced on Nov. 3 by Raymond
has
in the
of the
within
the
J. Hodgson,
President,
the company's largest contract of the war, he
plant'facilities have been expanded and that work on new
nearing completion.
u
Mr., Hodgson disclosed
that the present .contract for LVT-4
amphibian tanks Will be-completed by the middle of November
"that/ The new- Navy order will be for an improved model which
never before, been-in Action.—V. 160, p. 1969.
f
_In" announcing
that
■at/its
;
•
said
as¬
sembly lines is
type
and
has
agreement an aggregate of
incur
under
under the Goodall escrow agreement.
that
(b) Union agreed
obligations which
the "Goodall escrow agreement to pur ¬
stock, and yet Mr. Ward agreed to assign to Union,
request, any or all of his rights to purchase Goodall stock
might
Goodall
chase
Motors
agreement.
its right to purchase under The purchase
Mr.
-
Output—
under The
date of Sept. 22, 1944, Union entered into an agreement
'\Vard, pursuant to Which (a) Union assigned to Mr, Ward
./12,950 shares of Goodall Stock, at $55 per share,
"/to assume, at Mr. Ward's request, arty and all
•
626.
stock
'/' Under
'
1968.
(& Subs.)—Earnings—
$821,636
Sept. 30—
229.002
$2,703/943
Net ■ income .Tl-—------—
Am(>.
^
Graham-Paige
General Printing: Ink Corp.
.
7,068,783 ■ '5,066,895
•
cents .per. share
$10, payable Dec. 9 to -holders
paid on March 10. June 10 and
222,110
Depreciation •
Foreign & domestic
-'
plants.-
Union
would
use
its
best -efforts
The Ward
to
cause
agreement provided
a
merger
and
con¬
solidation of Goodall and Sanford to be consummated.
date
entered into an agreement
With Langley and the
other investment banking firms, pursuant to
Which Union
assigned to the several purchaser
(a) its rights to
purchase Goodall stock and Sanford stock under the purchase agree¬
ment, exclusive of the 12,950 shares of Goodall stock to be purchased
by Mr. and Mrs. Ward, and (b) its rights to purchase Sanford stock
under the Sanford option -agreement and its rights and obligations,
if any, to purchase Goodall
stock under the Goodall escrow agreemerit.
Each of the several purchasers agreed to assume its proportion
of all obligations and expenses incurred
or to be incurred by Union
•under the purchase agreement, the Sanford option agreement and the
Under
of
Sept.
22,
1944,
Union
*
Gpodall
&
Ripley
Harriman
Co.,
Inc.
9.00%
—
Smith,
9.00%
& Co
Barney
selling stockholders, are as follows:
&
Blyth & Co., Inc,—______ 13,009
First Boston Corp.___ 13,000
plan.
•
Smith,
Moseley
& Co._
E.
H.
Rollins
& .Sons,
Beane_____^____l
Corp.__
3,000
Reynolds
Company—
2,000
1,000
2,000
3,000
Sons
2,000
Stix
2,000
3,000
Tucker,
Bateman,
& Harden
E.chler & Co.__:
Boettcher
and
Weeks
Alex.
&
Brown
M.
Inc.
Byllesby & Co.,
Central
Republic
Inc.
Co.±
Clarke
Richard. W.
__
&
Company
of Sanford stock.
160,
Net
1,000
2,000
Fed.
Noel & Co__
Dann &
——__i
2,000
Federal
Total
paid
■
.
and
stock
common
$868,907
$776,037
62,687
$1,014,144.
$412,581
91.685
104,733
:
83.005
.
$421,663
332,488
$0.95
517,351
Note—No
and
1942.
382,488
382,488
$0.53
-
The
ment
7.38%—
-
■
—V.
160,
..
160,
have
There
'
securities
of the
Goodall
of
company
all
Feb.
-
1945,
1,
standing 4%%
were con¬
1944, as follows:
19,
then
in
held
shares
,
issued
the
and
No
company.
following
Immediately
the
shares of common stock.
shares
who
Sanford
voted
within
therefrom
their
Net
and
of
the
month
stock,
common
21,250
the
against
one
—'V.
shares
of
and
their
file
merger
the
value
the
Net
remaining
company.
will
,-,
..
capitalization
Capitalization—The
of
1944, after giving effect to the merger
is as follows:
of
$22,400
the
to
revert
Excess
debentures
of
—V.
Authorized
3V'2%
sinking
deb.,
due
1956
Com.
stk„
$10
600,000 shs.
par
Underwriters—The
of
the
1.
1956,
purchasers
principal
are
the
merger
Sanford
at
and
_
by
the
of the
time
each
held
shares
them,
of
of
by them.
respective
the
common
The
are'
as
stock
names
of
of Goodall
Securities
Langley
Blyth
&
First
Co.,
A.
C.
Allyn
Hemphill,
H.
and
F.
8.
Moseley
E.
H.
Rollins
The
$359,684
( & Subs.)—Earnings—
442,582
1295,
p.
—Earnings—
1944—9 Mos—1943
200
180
$1,785,695
1,800
$1,639,792
1.620
$204,395
$189,453
$1,783,895
$1,638,172
108,035.
101,667
999,495
917,755
50
50
450
877
56,598
37,102
435,046
355,800
$39,712
$50,634
$348,904
$363,740
25,657
expenses
lease of oper,
for
taxes
Operating
Net
Net
1942
$3,350,139
$3,315,866
$3,195,887
12,412
9,846
8,596
1,650,066
398,582
394,803
254,493
248,220
246,044
249,000
323,250
330,225
161,250
.
•
78,000
83,025
$582,328
$605,793
$515,427
'
'
'
and surtax.
dividends..
■
•
1,570,265
395,544
Coke Ovens, Ltd.—Bonds Called
of Commerce, in ■
Winnipeg or Van¬
made at The Canadian Bank
Toronto; Saint John, Halifax,
157. p. 2251.
______
income___„
oper.
income
—V.
160.
37,135
219,534
237.008
1737.
p.
Service Co.—Recapitalization Plair—
General
the companv, and its dissolution, fol¬
Indiana and Michigan Electric Co., was
and Exchange Commission by the two
plan for recapitalization of
its
the
with
merger
the Securities
Nov.. 7with
filed
1943
revenue___—:
fcr
1944—Month—1943
$204,595
$189,633
Operating; revenues—.
lowing
1,645,653
be
463,470.
.On.
$333,697
1944
companies and their parent, the American Gas and Electric
American Gas will surrender 24,347 shares
of Indiana
Co.
General's
exchange/ for an equal
number of Indiana General's $100 par value common shares.
In addi¬
tion, It will pay $65,300 to Indiana General for 653 common shares.
..Indiana General then will retire with treasury funds the 15,364
shares of 6%< preferred,stock held bv the public at $110 a share plus
accrued dividends at a cost of about $1,6.90,040 plus dividends.
The
company's charter will be amended to state its capital structure at
55,000 shares of,$100 par value common stock,
After Indiana General is merged into Indiana and Michigan, Ameri¬
can Gas will surrender
to the merged company all of the outstanding
shares of Indiana'General's common stock on a share-for-share basis
in exchange for 55,000 shares of Indiana and Michigan's no-par-value
common stock.
Indiana General will then be dissolved.
Indiana and
Michigan will then retire $6,500,000 of Indiana General's .3V<% first
mortgage bonds at 105%%. ' ;
The aonMcation. said the transactions would "create a stronger oper¬
ating utilitv companv with an imuroved capitalization" as well as im¬
proving and simplifying operating conditions and service.—V. 159,
,6%
preferred
2635.
p.
several
and
&
252.040
22 192
6/12
252.040
22.1Q2
22.J92
■
.
to
stock
Indiana
General
'
in
■■
&
„
Co
Co
Sons,
_____
13.559
13.559
98.000
8,628
4/12
Inc.„___
8,628
4/12
8,628" 4/12
underwriters
named
below
have
-
agreed
from the selling stockholders named above an aggregate
depletion___
1943
$1,664,989
1,297,705
1942
1941
$1,893,194
$1,682,779
1,624 924 •
Rv.,
oper.
revs.___
91,022
Ry.
oper.
exps.
1,120,615
1,146,037
10,261,027
9.119,211
Net rev. from ry. oper.
$237,058
$260,576
$2,014,6^0
$3,406,578
1.313,604
110.963
'
tNet. income
________
15,364
22 596
'115,716
90,878
99,849
$340,086
$260,983
$150,826
$168,409
to
6/12
7/12
purchase
of 226,566 2/12
'
raw
Ry.
tax aarruals
•'
8L3«3
55.789
761.205
74,967
110,327
842,324
1,035,325
$78,698
—
Equip, and jt. facil. rents
$94.4':0
$411,110
$1,057,649
materials,
Net
Otner
rv.
oper.
inc.-
—
2,990
5,372
40,173
54,950
•
$81,688
$99,832
$451,283
$1,112,599
3,455
3,174
29,596
27,637
fxd. chgs.
$78.?38
$°0,F58
$doi.nn7
$1,084,962
42.444
41,646
377,514
378,454
$35,789
$55,012
$44,173
$706,508
income.
Total
Dividend—
Hawaiian Pinedpple Co., Ltd.—50-Cent
+
>rhe
on
on
directors
the
Nov.
capital
15.
May
160,
oh Oct.'^l
stock/"pWr
declared
$5;
a
dividend of
payable!
Nov.
25
50
to
This, compare? with 25 cents paid on Aug,
'19^4. and *25 cents on Feb. 25] 1944.
2%
Payments
V.
.
_
—_
1401.
p.
'
;
75,532
.
operating, selling and administrative ex¬
penses, State, county and Federal taxes.
tBefore allowing for dividends
received amounting to $243,889 in 1944 and $4,370 in
1943.—V. 160,
"■Including
1944—Month ™1943
1944—0 Mos.—1943
$1,357,673
$1,405,613 $12,$12,525,789
Period End. Sept. 30—
1,347,716
'
7/12
154.020
oper. & gen exp.
Indiana Harbor Belt KR.—Earnings-
6/12
98,000
.
":'
6/12*
252.040
154.020
____
Inc._____
1944
$2,401,799
1,835,034
income____
Jptang. develop, costs
6>12
98.000
Blodget,
Co
&
&
22.192
2^ 192
Oil Co. of California—Earnings—
End. Sept. 30—
oper..
Deprec.
7.-12
252 040
Company, Inc.__
Noyes
Davis
41 299
252.C10
Corporation
Webster
&
Owned
41.299 11/12
4fi9 0^0
IGrt>ss
("Costs,
Com. Shs.
$489,960
___
Ripley & Co., Inc.____
Smith, Barney & Co
9 Mos.
* •>,-(>
Corporation_____.
&
JHarriman
Paul
$14,257
1969.
Hancock
of
stoclf-,
follows;
Inc
Co.,
Boston
Stone
66,156
Hamilton,
Canada.—V.
couver.
bOnhhon' storikw
Owned
C.
and
such selling
debentures and
amounts- of
.
Union
$399,853
66,156
(net)___
Montreal.
.underwriters
Debentures
W.
$425,840
5,513
%
tax__
will
Payment
246,566 2/12 shs.
s'nking fund debenture's1,' due NoV-v,
and common stock acquired bv such purchaser^ vipbii conver¬
holders,
owned
several
$19,770
5,513
corporation has called for redemption, on Dec. 1, next, all of
its
outstanding
first
mortgage
20-year sinking
fund bouds, 5%,
series A. dated Nov. 1. 1935, and all of its. outstanding general mort¬
gage 6% sinking fund bonds dated April 1, 1936, at 102 and interest.
$2,800,330
555,952.5 shs.
471,631
I
respective amounts of 3 %%
in
sion
$4,699,560
•
172,084
Hamilton By-Product
i
:
$4,700,000
$571,937
138,777
The
Registered
Outstanding
*;•
1,
$564,617
—
p.
$382 326
property
as
fund
Nov.
_________—
160,
54,323
$384,370
Indiana
available
57,283
85,232
$391,363
476,331
160.
Rent
16,336
Ended Sept. 30-
profits
$439,614
76,088
Operating
$36,106
$28,412
charges
Balance
treasury
date,
•
249,000
8,147
$33,925
Normal Federal income
at Oct. 19,
which became effective on that '
company
1,054,154
$42,072
Retirement
.
the
1,660,308
earnings-:.
Interest
1941
$438 693
$399,107
revenues ___
Uncollectible
oper,
revi
1,087,589
■
of
1942
$476 596
_i__
Operating
1944—12 MOS.—1943
2,289,381
296,250
___
non-operating
1943
$475,195
;
Indiana Associated Telephone Corp.
26,750
operating revenue__
Gross
Gross
Earnings-
1944
Period End. Sept, 30—
160, p. 1526.
9 Months
160, p. 1863.
dividend
Cash
53,633
Hackensack Water Co.
dissents
written
demand
and
vote
stock
ccommon
the bidder,—V.
-
204,546
_____
whole from it of $30,-
],
68,553
—
dividends
a
income
Net
—V.
216,625
deducs.__
income
purchase as
divi¬
interest-..
Total expenses
A
against
the
of
"'■
,
of
%;■
14th floor, Guaranty Trust Co., 35 Nassau St.,
(EWT), 011 Nov. 13, 1944. The cou¬
specified by
cash
from
dends and
$3,535,399
______
■
: ;
o'clock noon
12
be
to
and
bonds
$4,237,837
___
.
The bonds are to be dated Nov. 1, 1944,
Bids will be received by the company
Incorporated Investors-
.
■'
..
.
1974.
3 Mos. End. Sept. 30—
24,000
income
Balance
How¬
of Goodall stock and the holders of
voted
stock
Room,
at to
York,
rate is
Income
-
.
.
$321,035
taxes
other
&
Preferred
the securities of the company outstanding in the hands
will be reduced to $4,677,160 of debentures and 534,702.5
shares,
of the public
shares
Sanford
of
VlT,
3%%-4%
of
1944—Month—1943
amort
for
Gross
Int.
the proposal to merge
and
consolidate
Sanford
into
Goodall
at
the
special
meetings of
stockholders held on Oct. 19, 1944. and accordingly are entitled under
the applicab'e Maine statutes to demand to have their shares valued
by the Superior Court of York County, Me., and to be paid the value
thereof as thus determined.
If all the. stockholders of Goodall and
1,120
1,
mature Nov.
Conference
at
Called—
$351,250
expenses
&
Deprec.
Provision
outstanding
company' had
the
merger,
the holders of 5 955 shares
$256,000
'
■'
revenue
Operating
stock of Sanford owned by/Sanford.
$4,£99,560 of debentures and 555,952,/2
ever,
Gross
common
capital
respect of common
•
..'rt' \
to
are
New
next, at 100 and
bonds.—V. 149, p. 2513.
Period End. Sept. 30—
treasury of Sanford), was converted into
(bt IV* shares of common stock (par $10)
stock of the company was issued in
the
of debentures,
$20
(a)
in
shares
Bonds—
Gulf Power Co.—Earnings—
shares of common stock (no par) of Sanford
the hands * of
the public (i.e., excluding the
234,978
outstanding
24,094
of
the
2,
amounting to $11,200 par value),.;9.nd all of the out¬
bonds dated July 2. 1939, maturing July 2, 1940-1960.
at the La Banque Canadienne Nationale in
Canada, and at. the, Ban^ of Montreal in
of 4V2%
$203,000
'
"
.
of
preferred stock
1,600,000
and
1944—9 Mos.—1943
$5,917,019 $47,053,606 $46,555,053
redemption on Jan.
for
Canada.
were
originally
Toronto,
common
Sanford.
Each
$2,730,000; miscellaneous reserves, $93,154; ,6% cumula¬
(par $100), $9,619,400; common stock (authorized
of which 49,465 shares are reserved for sale to em¬
ployes), 1,355,668 shares of no par value, $16,945,850; capital surplus,
$4,112,456; earned/surplus, $19,358,227; treasury stock—at cost (8,706
shares
preferred
and
38,958
shares common), Br$l,577,475;
total,
tive
000,000 first mortgage bonds.
.
of
.
of
4.1%—
Payment will be made
Montreal
and
Quebec,
Sanford
of
and
of Oct.
as
called
been
pensions,
contingencies,
pon
■
shares
125,400,186
the outstanding 3% %-4% • bonds dated Aug. 1, 1936,
maturing Feb. ,1, 1938-1957 (with the exception of, the maturity due
stock . (par $50) of Goodall
then outstanding in the hands of the public
(i.e., excluding the 715
shares held by Sanford and the, 3,116 shares held in the treasury of
Goodall), was converted into 3V3 shares of common stock (par $10>
of the
company.
No common stock of the company was issued in
respect of common capital stock of Goodall owned by Goodall or by
78,669
the
of
for
reserves
Houston Lighting & Power Co.- -Bids for Purchase
1736.
p.
interest,
merger
securities
into
$1,248,457;
$88,306,693.—V. 160. p. 984.
1944—Month—1943
Period End. Oct. 31—
—V.
deferred credits,
$189,527 estimated liability
$4,738,906; reserve for
fori insurance- (including
reserves
claims),
Company is inv'ting bids for the
Sales___:____—$6,160,743
accounts, $1,783,-
accrued
$3,510,053;
payable,
cost-plus-fixed-fee contracts (per contra), $8,133,795;
-'
(H. L.) Green Co., Inc.—October Sales Rose
There
outstanding
The
Each
contracts (per contra), $8,133,795; post-war U. S.
$4,202,230;
miscellaneous assets, $122,053;
for depreciation of $34,232,502), $17,746,728;
(less reserve
1631.
p.
items,
(estimated),
assets
$91,579;
on
-.
^
U
14,809,823 130,745,000
15,902,372
Sales
"
4.
$23,972,650;
$8,9.97,590; inventories,
under U. S.-Government
$816,344),
1944—10 Mos.—1943
1944
1944^-Month—1943
Period End. Oct. 31—'
of
reimbursable
Liabilities—Accounts
earnings^ currently reported/'—V, 160, p. 430.
(W. T.) Grant Co.—October Sales Up
:
\
deposits for returnable containers, $1,309,320; preferred dividend
(payable. Nov. 15, .1944); $131,232;, Federal taxes (estimated), $16,077,884;
advances and
accounts payable,
under U. S. Government
also announces:
"We have been renegotiated for the
and expect to R eceive clearance from- the Govern¬
Also, it is our opinion that renegotiation will not have
shortly.
excess
and England)
Canada
Government securities,
S.
reserve
1,316,710
Sheet, Sept. 80, 1941
Balance
U,
tOn
1941.
foreign income and
credit of $1,380,141.
fTncludes
profits taxes.
"■"'After deducting
855;
1943
year
(less
and
$2.09
goodwill, $5,000,000; deferred charges, $178,480; total, $88,306,693.
company
effect upon
any
(par $10].
verted
credit
fixed
1943
1944,
profits tax in
for: excess
necessary
■" %
.
cash
excess
Subsidiaries in
$7,420,468;
receivable
cost-plus-fixed-fee
'
$66,938.
provision
:
calendar
provided that the authorized capital. of
the surviving corporation should consist of $4,700,000 of 3'/a% sink¬
ing fund debentures, due Nov. 1, 1956; and 600,000 shares of common
stock
Assets—Cash,
accounts
104,815
$0.88
(no p'ar)
share—-;',,
-totaling'
dends
Merger
Inc.
of
Consolidated
$203,032
$1.06
$337,450
382,488
*
$405,108
$375,900
§$364,239
tax__
—
Grey Nuns of the Cross of Ottawa—Bonds
agreement
and
$766,122 post-war credits.
$52,923,407;
jnclud.
income
Stk.
post-war
income
(Including
'
in
$3,998,554
and
{Includes $45,541
42,900
________
1942
deducting
foreign
$4,356,632
393,696
2,370,078
$3.01
amortization of $3,050,599 in 1944, $3,232,918
stock.
common
$2.91'
$2.38
in
$3,628,308
$369,681
35.470
profit
per
1,975,065
share.
com.;
SAfter
$71,081
$978,674
charges
com.
393,696
stock
20,655
.
$4,223,270
$3,143,457
393,696
393,696
.1,975,065 "
2,106,733
$3,527,948
stock-
$6,781,191.
was
Goodall-Sanford
The
622,694
of
740,124
special charges, $193,351. , {Federal
income tax, $215,000; special-charges, $160,900. . {Federal income taxes,
$215,000; special charges, $206,663.
§Beforc deduction of common divi¬
1944. Sanford Mills was merged and consolidated with
Goodall Worsted Co., which thereupon changed its name to
Goodall-Sanford,
20,621
1943,
shares
."■Federal 'income taxes, $324,000;
:
.
20,080
2.576,754
3,417,102
13,751,090
per
710,644
33,058
275,290
•6,260,397
$1,699,994
pfd.
profits.
$742,979
234,375
§12,421,269
com.
12,526,349
39,425
213,344
111,726,556
earnings_____
11,912,217
714,149
charges,
Earnings
aggregate
an
$13,601,535 $13,636,155
950,000
133,812
^^6,895,101
on
tax
Shs.
200,000
tax____
on
in
^
Net
173,947
"■After depreciation and
$829,482
profit
Interest
Special
217,625
deductions
fEarn.
____
14,568,315
________
Miscellaneous
$13,489,727
1942
1943
prof. tax__«___
income
exc.
Other
1941
1942
1943
11,545,257
676,195
Operating profit
Oct.-19,
into
3,000
2,000
Wisconsin. Company.,
income__
Depreciation
11941
$58,940,341
13,448,105
,41,622
stock tax____
cap.
Fed.
Common,
sell., gen.
expenses_
Canada and England)
19,354,551
^____
Anthony & Co_..__
in
,
12,285,872
income-,
Prov. for contingencies.
$16,111,946 $12,964,131
sales,
admin.
of
and
■
21,137,318
31,400
1344
"
Total
Net
1944
•
-
$79,043,042 $91,940,775 $85,290,58.9
,
operations
2,000
Co.—Earnings-
Sept. 30—
sales
Cost
of $6,781,190 for the
21,463.1 shares of Goodall stock and 140,018 shares of Sanford stock
which they had acquired prior to the merger, which were converted
in the merger into such debentures and common stock of the company.
Accordingly, the aggregate cost to the several purchasers - of' such
and
Other income__
from
Dlvs.
Granite City Steel
984.
p.
4,000
1969.
p
9 Mos. End.
of
purchasers
several
On
"■Profit
Divs.
—Y
re¬
$12,503,497 $19,528,498 $21,168,718
9 Mos. End. Sept. 30—
Co
&
160,
Subsidiaries
(Including
:
Net sales and oper. revs.
4,000
.
contracts has been
war
Hercules Powder Co., Inc.—Earnings—
& Co_„____
Co
The
5,000
3,000
year's sales;—V.
Boyce—___
&
Bros.
VanAlstyne,
3,000
.
Estabrook
Stein
of
current
5,000
,___L
Co.__*
&
fenegotiation
for
in
2,000
Co
Spencer. Trask
Vietor,
Co.___
&
Dillon
Eastman,
& Co.
Payson
&. Co
Riter
Co.,
&
M.
shares of no par common stock.
reserve
of
2,000
2,000
&
1944
taxes
earnings statement for the three and nine months of 1944,
it is believed ho'refund for renegotiation will materialize in respect
5,000
Co;___L
Cook
Putnam.. &
Inc.
Company____
an
usual
in
profits
as
2,000
2,000
5,000
3,000
Co.__
on
Note—No
.
deductions for depreciation, depletion
after estimated Federal .and State
of $364,600.
Tax reserves provided
estimate of the requirements under the 1943 tax law.
and
excess
1,334,995
flected
Lynch, Pierce,. Fen&
ner
Newhard,
'6,000
H.
Baker,
of merger and
holders
debentures
&
Emerich & Co.; Inc.
Ames,
H.
McDonald
6,000
Securities
Adamex
recapitalization was approved at the special
held on-' Oct.' 19, 1944, by the affirmative
approximately 75% of the outstanding voting
stock
of Goodall
and holders of
approximately -85%,- of the out¬
standing stock of Sanford, and the agreement of merger provided
for in such plan became effective on the same day. On the effective
date of the merger, the holdings of Goodall stock , and Sanford stock
of the several purchasers were, pursuant to the terms, of the agree¬
ment of merger, converted into an aggregate of $2,800,360 of 3V2 %
sinking fund debentures, due Nov. 1, 1956, and 246,566 2/12 shares of
common
stock (par $10) of Goodall-Sanford, Inc. (the present com¬
pany),
constituting 59.6%
of such debentures and 44.4%
of such
common
stock, which were held by'the several purchasers.
'
,
The
Lee
Merrill
& Co.6,000
Davis
H.
S.
&
Lemon
based
tOn
1,000
Bissell & Meads
Higginson Corp.___
and
.
after
figure
amortization,
are
5,000
Co.—_
&
and
income
5,000
Co
Laird,
Blodget, Inc, —
C. Allyn and Co., Inc.__
Paul
&
Kirkland
Johnston,
13,000
__
Weeks____^
&
Hutton
E.
Jenks
and
Webster
F.
of stockholders
of
& Co.
Barney
&
Federal
"
'
/
•
additional 5,316 shares
votes
W.
Co
Stone, &
Hornblower
13,000
8,000
Hemphill, Noyes & Co.____: 8,000
A.
stockholders of
and the other
the respective
holdings of such stockholders at the same price the several purchasers
had paid to the sellers under the purchase, agreement, i.e., $55 per
share for Goodall stock and $40 per share for. Sanford stock.
Pur¬
suant to this offer, which expired on Oct. 14, 1944, the several pur¬
chasers -acquired an additional 70.1 shares of Goodall stock and an
meetings
Hayden,
.
%
-
13,000
Stone
4,
The plan
Co.",
&
Inc.
1944, Union and Langley mailed to all
Goodall and Sanford an offer on behalf of themselves
several purchasers to purchase
all or any part of
Oct,
On
Ripley
&
Evans
A.
earnings
■^Estimated
2,000
3.000
3,000
Harriman
the selling stockholders on
caused meetings of the boards of
directors
of Goodall and Sanford to be held, at which ■ the boards
of directors were reconstituted with directors approved by the several
purchasers, including persons who had long been identified with the
management of the companies but who were not connected with the
Goodall family.
Union and L&ngley, on behalf of the several pur¬
chasers, then caused to be submitted to the reconstituted boards of
directors of Goodall and Sanford the plan, of merger and recapitaliza¬
tion of the two companies, which had been formulated by Union and
Langley in consultation with the other several < purchasers and with
the proposed new management of the companies^ Such plan of merger
and recapitalization was approved by the boards Of, directors of both
companies at their meetings on Oct. 3, 1944/ and! 'special meetings
of stockholders
of Goodall and Sanford were; ,i called to be held on
Oct. 19, 1944, for the purpose of considering apd,taking action upon
such
Co.__
Granbery, Marache & Lord
the several purchasers
1944,
3
Clement
Langley & Co______ 15,783
The
following the closings with
Immediately
Oct
Securities Corp_15,783 2/12
C.
1944—9 Mos.—1943
$1,234;000 $1,512,800
$0.82
$1.03
'1944—3 Mos.—1943
$400,000
$496,000
$Q.27.
$0.34
tEarns. per com. shore_
Com..Shs.
Com. Shs.
Goodall.
voting stock of
outstanding
"■Net
(& Subs.)—Earns.
Refractories Co.
Period End. Sept. 30—
'
Union
W.
the several purchasers
1944.
3,
the
number of shares thereof
purchased from the sellers
under
the purchase
agreement an aggregate of 21,393 shares of
Gooda 11 stock, at $55 per share, and an aggregate of 113,240 shares
of Sanford stock, at $40 per share, and purchased from the stocKholders
who had become parties to the Sanford option agieement
an aggregate
of 21,462 shares of Sanford stock at $40 per share.
On
the same
date, Mr. Ward purchased 12,040 shares and Mrs
Ward
purchased 910 shares of Goodall stock from the sellers under the,
purchase agreement, at $55 per share.
As a result of these trans¬
actions,
the several purchasers acquired 26.9%
of the outstanding
voting stock of Goodall, and approximately 57% of the outstanding
voting stock of Sanford, for an aggregate purchase price of $6,564,695.
Mr. and Mrs. Ward, who had theretofore owned 998 shares of Goodall
stock
acquired an additional 12,950 shares of Goodall stock for an
aggregate purchase
price of $712,250.
In addition to the 13,948
shares
of Goodall stock thus owned by Mr. and Mrs. Ward,
con¬
stituting 17.6 % of the outstanding voting stock of Goodall, Mr. Ward
had the
right -to vote or to purchase, under the Goodall
escrow
agreement, stock of Goodall constituting an additional 5.6% of the
Oct.
On
of
Harbison-Walker
stock of the company.
The names of the several
shares of common*stock,
and the aggregate
which each has agreed to purchase from the
common
underwriters
Webster and
Blodget, Inc. —
9.00%
A. C. Allyn and Co., Inc. 5.50%
Hemphill, Noyes & Co—
5.50%
Paul H. Davis & Co._-.__ 3.50%
F. S. Moseley & Co—3.50%,
E. H. Rollins & Sons, Inc. 3.50%
Stone
16.75%
W. C. Langley & Co._____ 16.75%
Blyth & Co., Inc
9.00%
Tbe First Boston Corp.—
9.00%
Securities Corp
Union
of
shares
of the several purchasers,
transaction, are as follows:
agreement, - The names
respective participations in the
escrow
their
and
Monday, November 13,1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2072
p.
this yea'r $1;50 per
1401.
share,
the
same
rate
cents
inp^me
Misc.-dedhcts. Ifbm inc.
'perwhare
Inc. avail, for
holders of record
25. lastrf)0 cents
Total
mJlfeW*iotal
paid':iqM9,43.—
Net
fixed
charges
This
as
—V.
income___r
160,
p.
984.
.
Volume 160
Co.—V,
Indiana General Service
160,
1296.
p.
»
.
r
Operating
Inland
Power
See
Corp.—Liquidation Plan Ap¬
Light
&
proved—
Commonwealth
.
.
above.—V. 160, p. 2635.
Light & Power Corp.
66,667
08,667
806,000
125
1,500
1,500
$197,614
$204,230
1,523
1,242
$199,137
$205,472
$2,286,303
219,221
__
*
-
35,040
$9,455,857
3,686,403
2,111,843
582,904
Lehman
•&
Net
Ilydro-Electrical System should sue International
Paper Co. to recover substantial sums involved in various transactions
bearing on the relationship of the two organizations, it was set fortn
in a report filed Nov. T
with United States /District Court, Boston,
as
a
result of an effort by the Securities and Exchange Commission
International
The
dissolve
to
.V
Hydro-Electric..'
Bartholomew A. Brickley, an attorney
appointed by the court to conduct an
Inquiry into the relationship of the two.
Previously Hydro-Electric had submitted the case to Ropes, Gray,
Best, Coolidge & Rugg, Boston law firm, which reported that, in its
Opinion, a suit was not justified.
The case was then submitted by
Hydro-Electric to Robert G. Dodge, Boston attorney, who also reported
that there was no justification for a suit.
The ..SEC had asked
the court to enforce its order that HydroElectric dissolve under the provisions of the Public Utility Holding
Company Act.
Mr. Brickley informed the court that because of a magnitude of
the sums which may be recovered through legal proceedings, he rec¬
ommended that they be instituted either in the Federal courts or in
those of Massachusetts.—V. 160, p. 1402.
recommendation
The
who
than
more
a
by
was
year
investments
Recommended—
ings Against International Paper Co.
of Canada, Ltd.
Co.
Common
—
■
cents'a
40
March
'
Nov?
on
share
record
declared
6
United
in
Nov.
stock.
common
on
currency,
the
109th dividend declared on
the
in
Distributions
the common stock
payable Dec. 30 to
the
amount were made on
dividend
a
States
same
This is
30.
31. June 30 and Sept. 30.
n
Canadian Foreign exchange;
Board has authorized the
disbursement of the dividend in United States currency in respect of
certiiicates issued by the company's Toronto,-Montreal and New York
transfer agencies and at the equivalent In sterling in respect of cer¬
tificates
issued by the company's London transfer agency.—V.
160,
The
1737.
p.
:
Control
■
mechanical
NOTE-—For
possible
order.
to
it
reasons
is
always
not
companies in exact alphabetical
are always as near alphabetical
arrange
position
income
on
mortgage
bonds
45,000
45,000
540,000
debenture
bonds
15,000
15,000
180,000
deductions
27,382
19,901
342,446
$1 Dividend
The
Common Stock—
on
board
new
this
of
directors
of
Alfred
met
corporation
Nov.
on
2.
L. Clarkson. E. G.
Members of ,the board are Lowell M. Birrell, Robert
Hopps, Joel A.
Lipscomb,
Raymond, Cecil P. Stewart,
Warner, E. Laurence White and
Stewart B.
Marchev, A. D. McNab, Stewart F.
Frederick
William
H.
Frederick
Harty,
Wendell
Stokes,
E.
Wilcox.
B.
.—__
Stewart
Chairman
declared,
The- board
the year
record
Nov.
/
full
of
Holders
$125,571
&
charged
struction
Net
to
the
board
the
share, out of earnings for
per
stock, payable Dec. 8 to stockholders of
common
stock at the close of business
common
shares
of
for
certificates
old
of
preferred stock, class A
certiiicates
in accordance with
receive dividends declared on
$1.75
the
forth
set
of
will
until
stock
common
not
exchange
the
pfd.
.
p.
1633'.
effected
be
may
.v
.
Interstate Department Stores,
Sales
—V.
.
1944—9 Mos.—1943
$3,843,795 $29,953,528 $29,674,652
$4,013,460
______
_
160.
Lehman: Brothers,:
the
in
ment
the
capital stock, no par value, payable Dec. 15 to holders of record Dec. 1.
This compares, with $1.25 per share paid on June 30, last;
$1.10' on
Dec. 15. 1943, and $1 on June 30, 1943.—V. 159, p. 2304.
directors
Nov.
on
declared
3
a
dividend of $1
per share
difference
The
include
.shareholders of record Sept
and July 15, this
following sources;
13-Cent Dividend—
30.
The Oct. 16 payment was made from the
net" income from dividends for the quarter
cents per share, and from undistributed
net profits from sale of securities realized during the current fiscal
year,
6.01 cents per share.
■ ».
Distributions 6f to cents each were made on April 15, July 15,
Oct. 15 and Dec, 29, 1943.—V. 159, p. 1764.
'
"
r
v
ended
Sept.
30,
year.
.
From
1944,
Johnson
Co.—New
Outside
For
the
roadside
first
since
time
restaurants)
Interests
Ac¬
the
has
(widely
company
been
known
outside
business
in
operator of
interests
have
The Hiram Ricker Co.,
which
operates the Po.tmd Spring House and sells Poland Spring
beverages, has purchased 25#' of the outstanding 2,500 shares of
acquired
stock
a
in
interest
stock.
the
company.
recently
created Howard Johnson preferred stock amounting to $500,000.
It is
expected that half of the proceeds from the sale of the preferred'will
be used to retire outstanding obligations and the remainder held for
common
post-war
The
It
has
also
developments.
Howard
acquired
the
entire
issue
of
a
,
Johnson
post-war program.
It
anticipates
no
trouble
In
attaining
its objective of coast-to-coast
operations of its roadside restaurants.
The company has concluded a
good summer season and looks forward to satisfactory operations this
winter,
especially in Florida.
The industrial feeding
activities of
Howard
Johnson
Co.
has
which
Co.;
an
were
ambitious
expanded
greatly
gasoline
when
rationing hurt its main roadside restaurant activities, continue an im¬
portant
I'tThe
factor
Hiram
Fireworks,
the
in
both
Inc.
The
and future plans of the management.
wholly-owned subsidiary of the National
a closely held corporation, has plans
for
present
Ricker Co,
is
a
latter,
post-war
period by which is hopes to provide work for
of its employees,
At present National Fireworks is
engaged in war work,
("Boston News Bureau," Oct. 31.)
percentage
i
<'
a large
actively
Will
Steel
Period End. Sept. 30—
(&
Subs.)—Earnings—
1944—3 Mos.—1943
earnings
Prov. for
Corp.
1944—9 Mos.—1943
amort,
gency
Interest
Federal
net
Coll.
notes
■'
due
15,
mortgage
Series »T
to
Dec.
15,
1944,
3%%.,
"There
(no
are
adopted
at
shares of 4'/a#
of
$8,559,756 $10,591,903 $25,638,566 $34,509,034
war
stock
422,589
and
per
"After
share
deducting all
1,602,488 shares
Note—The
for possible
7,416,000
$1,889,847
_
com.
4,453,000
10.256,188
1,239,265
15,953,000
$2,249,964
$5,478,034
$0.94
$2.04
$0.72
expenses
incident
to
$7,060,581
$3.03
3,000,000
Shares
was
present corporation
March;
1872
an
are
.
with
is
an
integrated
incorporated
June
28,
1928
the outgrowth of a co-part¬
initial subscribed capital of
business of
Co.
.
and
adjustment
1403.
1970.
Notes
Privately—It
Placed
is
Issues—
redemption on Dec.
for
4,
next, all of its
3Va# and 3Va#
Trust
16 Wall St.,, New York, N. Y., or at
Pittsburgh, Pittsburgh/Pa.
See also V. 160,
trustee.
Co.,
Co.
of
/,
•
;
,
;
•
6 of the public
offering Oct. 30 of
preferred stock was first offered to the hold¬
new
Nov.
announced
the
Co.,
purpose
it
will
be
8
that
140,312
Inc., was organized on Sept. 30,. 1944 in Delaware
of carrying out a plan of merger (see below) under
the surviving corporation.
Its assets and liabilities,
pending the consummation of such merger, are nominal. Its principal
executive offices are located in the Koppers Budding, Pittsburgh, Pa.
•
.
•'
1
,
'
t
'
Proposed Merger
.
about Nov. 10, 1944, Koppers United Co.,
Koppers Co., Fuel Investment Associates and The Koppers Erecting
Corp. will be merged into Koppers Co., Inc.; and that Koppers Coi,
Inc., as the surviving corporation, will succeed to the properties and
carry on the business of the other companies.
It
is
that
proposed
The
bonds
summation
the
and
sale
common
plan
is
of
(V. 160, p. 1970) of the 3#
not contingent upon the con¬
merger.
of the new preferred
contingent upon the
by Koppers Co., Inc.,
stock now offered is
consummated.
being
the
Under
proposed
and
the
Koppers Co.
serial notes,
the
of
and
of
issuance
The
stock
merger
sale by
and
issuance
series
or
on
of
terms
the
merger
agreement,
the
common
stock
of
Koppers Co. and the common stock of Fuel Investment Associates
(both owned entirely by Koppers United Co.), as well as the common
stock
of
Koppers Erecting Corp. and the $6
Investment Associates (both owned
of The
stock
Fuel
cumulative preferred
entirely by Koppers
will be extinguished and cancelled;
each common share of
Koppers United Co. now outstanding will be converted into 19 TOO
of a
share of common stock of Koppers Co., Inc.,
and each share
Co.),
Koppers United Co, now out¬
of common stock of Koppers
share of 6# cumulative preferred stock of Kop¬
pers Co. now outstanding will be converted into a promissory note of
Koppers Co., Inc.,
due Dec. 31, 1944, in the principal amount of
$110, bearing interest of $1.50, payable at maturity.
of
cumulative stock of
4#
preferred
standing will be converted into 5.2 shares
Co.,
and each
Inc.;
"
The
corporation
common
stock,
at
its
through its ownership of 50.12# of the
Power and Paper Co., Ltd., an Ontario
controls,
Falls
Spruce
integrated newsprint mill
Kapuskasing, Ont.
Said company furnishes the corporation with
chemical pulp
requirements in excess of the corporation's own
corporation,
which
operates
completely
a
productive capacity.
unsubscribed
the
of
names
common
which
stock
percentage of the
underwriters respectively have
and
underwriters
several
are
as
the
the
follows:
The
:#
12
Co
____
Hemphill,
12
Brothers
Wisconsin
Name'
"'
#
Name
Lehman
Upon the consummation of the merger
of
ery
shares
the
Hornblower & Weeks
Noyes & Co.
■'
3.5
,—
-
3.5
6
Co
Kuhn,
Loeb & Co
Loewi
&
1.5
share
3.5
Mellon Securities Corp
6
who
The Milwaukee Co
3.5
Paine,
Inc.
$107
per
3.5
(Inc.)
Piper, Jaffray & Hopwood__
2
6
Smith, Barney & Co
6
Wertheim &'Co
3.5
of
Preferred
Stock'
.
respective underwriters
jointly to purchase, at
share plus accrued dividends, and in the percentage set after
agreement
(named
Webber, Jackson &
6
3.5
_
Harriman Ripley & Co.,
Co.
Curtis
2
Goldman, Sachs & Co
Harris, Hall & Co.
below)
now
being
offered
$4,786,624
6
&
Inc.,
the $23,000,000 of first mortgage bonds,
the $11,400,000 of serial notes,; issue
2
Becker & Co.,-Inc.___.
Emanuel
common
3# series .due Oct. 1, 1964,
of 1944,; of Koppers Co..
will be assumed by Koppers Co., Inc.;
(2) each of the 200,000' out¬
standing shares of 6# cumulative preferred stock of Koppers Co.
(other than any-thereof held by holders' who dissent from the merger
and" request
cash settlement)
will"'be converted into a promissory
note of Kcppers'Co., Inc., due Dec."'31,(1.944, in the principal amount
of $110 bearing interest of $1.50' payable
at maturity; (3) Koppers
Co., Inc., will irrevocably deposit in trust $22,300,000 for the purpose
of paying the principal of and interest'on all such promissory notes
as may be issued
and of making payments not exceeding $111.50 per(1)
and
6
A. G.
and upon the sale and deliv¬
stock and, of the 200,000
shares of new preferred
stock
of Koppers Co.,
150,000
of
.
Underwriting of Common Stock
The
Underwriting
160, p.
p.
of 6% cumulative preferred stock
for
1599,760
(Mich.), owns timber-land in Michigan and oper¬
ates a saw mill at Marinesco (Mich.). Corporation has a 60# stock in¬
terest in North Star Timber Co. (Minn.) owning timber-lands in Minne¬
sota. Corporation also has a wholly-owned Canadian subsidiary, Upper
Canada Timber Co., Ltd., which owns substantial timber reserves in
the Province of Ontario.
Corporation has for many years purchased
approximately 50# of its pulpwood requirements in the open market,
principally in Michigan, Minnesota and Canada.
The balance is
produced from properties owned or controlled by the corporation.
•
By
subject to annual audit,
effect of the Renegotiation Act.—V.
called
issue of Nov.
our
Koppers
102,424
t
$100)__
manufacturing and
selling white papers,-.cellulose wadding and-other allied products, in
competition with other large manufacturers.
It owns and operates
mills at Neenah, Appleton, Kimberly and Niagara, Wis,, and Niagara
Falls,
N. Y.,
A
wholly-owned subsidiary, Kimberly-Clark
Corp. of
Canada, Ltd., upon completion of construction now in progress, will
manufacture
cellulose
wadding.
Through affiliates or subsidiaries,
the corporation has extensive pulpwood reserves in Wisconsin, Minne¬
sota, Michigan and in Canada.
Its wholly-owned subsidiary, William
operations.
outstanding.
above results
the
for
Co.
includes the-profit on all Ordnance production
of 1943, therefore, the quarterly figures are
of
excess
(est.)_
Net income
TEarns.
414,191
2,238,000
charges
,11.534.614
1,209,918
3,474,748
Timber
Star
adjustments to the actual figures for
tThe profit per share for the
1944.
30,
Two Bond
has
■
2
4,009,320
tThe estimated loss
of Koppers Co. It
shares were sub¬
scribed for and that all holders of the old preferred stock
who entered subscriptions will be allotted the full num¬
ber of shares for which they have subscribed.
•
$30,000.
Bonifas Lumber
North
and
Co.
June
Co.—Serial
Trust
fBy amendment to the certificate of incorpora¬
conducts
$0.82
als of Sept. 30, 1944.
150,000 shares of cumdlative preferred stock, 4%% series
and 200,000 shares of common stock (par $10) by an
underwriting group headed by Mellon Securities Corp.,
The First Boston Corp., Harriman Ripley & Co., Inc.,
and associates. The preferred stock was offered at 103
per share- and dividend and the common stock at $25.50
per share.
which
meeting
in
Union
in
"2,000,000
1,000,000
Business—Corporation
formed
$0.98
months
Redeem
The
,
nership
$0.67
Koppers Co., Inc.—Stocks Offered—Mention was made
cumulative preferred
The
$3.54
\\
$1,12
:
^Exclusive of interplant sales.—V. 160,
company
was
20,000,000
(par
tion
History &
in Delaware.
t$0.86
;
,
Lumber
1970.
p.
ers
Sept. 22,. 1944, to a single purchaser not affiliated with the corpora¬
at $37.50 per share.
on
$2,112,003
$4.23
1944 reflect the
ended
nine
Bankers
The
$6,000,000
1953-1955_.
emer-
facilities
taxes
the
Outstanding
par)
a
$420,952
$0.84
series, both due March l, 1961, the 3Va # ■ series at 105'/a and interest
and the 3Vb #
series at 103 and interest.
Payment will be made at
stockholders Oct.
17, 1944, 105.000
stock were authorized,
tIncludes
11,627 shares held In the treasury, which were sold by the corporation
tion
$488,455
placed
To
outstanding $8,000,000 series of 1940 bonds, of which
pledged
for the
collateral notes, leaving $2,000,000
are
first
The
to
serial bonds_
$'V2% 1951-1952___.
stock
597,780
$558,765
outstanding iirst mortgage and collateral trust bonds,
$6,000,000
cumulative preferred
Common
$2,709,786
149,445
ex¬
Continental
Shares
4V2#
$570,397
149,445
$11,400,000 (l%-2.50%) serial notes have
privately with institutional investors for
account of underwriters.
See V. 160> page 1970.
the corpora¬
Amount
»,
•
serially from
1942.
$637,900
149,445
;
stated that the
at $110 per share; and
dividends in each case.
1950
Series of
■
Drll5,000
shares
Eonifas
year
comparable.
been
Authorized
■
35,000
Dr69,500
DrlO.OOO
same
499,800
Koppers
•
Capitalization After Giving Effect to the Current Financing
:
fDrl9,500
J9r2,500
$708,210
-L___
quarter of 1943
the
not
proceeds from
reimburse
to
i.
deprec., depl, &
inc.
profits
tOn
used
1, 1949
accrued
plus
share,
'
'
■
be
Oct,
to
prior
per
agreed to purchase,
,
third
for
■
Jones & Laughlin
"Total
'$1,850,000 of the
that
stock
First National Bank of Chicago; Registrar,
Illinois National Bank and Trust Co. of Chicago.
Corporation
quire 25% of Common and New Issue of Preferred—
entitled
were
Transfer Agent,
6.99
.
(Howard)
and
$107
!
30,000
stk.
com.
quarter of
fiscal
$2,789,786
Dr24,00Q
share_____;
William
$659,397
.
pfd.
share
on
the
4,058,727
Co.
___
1943
third
machines.
otherwise outstanding.
a
per
per
of
380,321
89,062
844,500.
150,000
subs.)
on
on
period
to
at
prof,
"Based
shares of new preferred/ plus
and cash representing an adjust¬
shares,
expected
thereafter
divs.
"Profit
proceeds from the sale or, exchange of the new preferred, to¬
gether with corporation funds as required, will be used for the re¬
demption of all present preferred stock not exchanged.
Preferred
stock is redeemable prior to Oct.
1, 1947 at $112 per
share;
$650,400
loss)
__
"Profit
.:
Net
thereafter
est.
for
Net
dividends.
in
common
paper
$702,210
Net inc. bef. pfd. divs.
funds
and reequipping
92,187
956,500
<■»
(est.)
.
Timber
of
stock
Hall¬
and
Co.,
92,812
1,417,000
int._
Bonifas
Coi. "
Star
Prov.
permit initiation of this expansion.
The expansion will
purchase of additional cellulose wadding machines, rebuilding
relaxed
$7,378,834
"
for the Canadian plant now in course of con¬
struction, and that the balance will be used in the expansion and
improvement
of
manufacturing facilities as
war
time restrictions
general
$1,592,959
.___
Wm.
of
(60#
3-107
on
dividend of 13 cents per share to
A like amount was paid on April 15
16 paid
corporation on Oct.
is
the
of
and
one
the
sale
tion's
918,552
$1,699,087
$6,460,282
are:
preferred
cumulative
6#
for
of
of
283,697
1,158/038
Inc.; William Blair & Co.;
fractional
lieu
$6,000,000
Investors Fund C, Inc.—Pays
Wisconsin
The
stock offering
common
the
share
one
Purpose—It
the
1st
$1 Dividend—
of
Holders
51,736,943
$10,537,554:
.1,010,925
4,077,272
contings._i.
.(wholly-owned
Bacon, Whipple &
Blvth & CO., Inc.;
Emanuel & Co.; Goldman, Sachs & Co.; Harriman Ripley & Co., Inc.;
Harris, Hall
Co. (Inc.); Hemphill,- Noyes & Co.; Hornblower & Weeks;
Kuhn, Loeb & Co.," Loewi & Co.; Mellon Securities Corp., The Mil¬
waukee Co.; Paine, Webber, Jackson & Curtis; Piper, Jaffray & Hopwood; Smith, Barney & Co., and Werthelm & Co.■
- '
Under subscription rights that expired Nov. 1, common stockholders
could'subscribe for one share of common, at $32, for each five shares
in
$1,309,262
258,986
$2,212,022
other
for
-Lumber
portion of 102,424 shares of 4M>%
(par $100), not exchanged
by holders of the corporation's present preferred stock.
This offering comprised. 4,820 .shares of stock at $107
per share and accrued dividends from Oct. 1, 1944.
change
$1,440,101
252,489
income
Profit
preferred stock
with
&
int.
Net
sold the unexchanged
held.
$1,959,533
opers._
income
Reserve
ing consisted of 2,737 shares at $35% per share.
The three underwriters named above also offered and
Co.
$2,598,199
Fed. & Wise, taxes (est.)
99,960 shares of common stock (no par), not sub¬
scribed for by common stockholders. The public offer¬
&
13,053,909
$2,320^187
income
Bond
of
purposes
cumulative
(.
■
12 Months
12,493,315
13,107,756
from
Total
that offered, Nov. 3, the unsubscribed portion
group
June
Interstate Natural Gas Co., Inc.—To Pay
The
Other
of
1632.
P.
$1,162,007
thers, The Wisconsin Co., and Hallgarten & Co. headed
a
sales.
Profit
North
Inc.—October Sales—
1944—Month—1943
Period End. Oct. 31—
.
the
Y.,
160,
Periods
Stated
For
$3,102,223
1,142,690
520,784
periods) lesser provisions of $24,000 for taxes based upon income would
have been required for the year ending Sept. 30, 1943.—V. 160, p. 1864.
and
effected
been
has
at the offices of either of
transfer agents, Empire Trust Co., 120 Broadway, New Yorty, N.
or
Guardian Trust Co.. 618 St. James St., Montreal, Canada.—V.
exchange
of
$1,682,791
unamortized debt discount and expense, call
premiums on bonds retired and other related items, resulting from re¬
financing by the company in 1940.
If adjustments were made to ex¬
clude
the effect upon taxable income of such extraordinary deduc¬
tions- (based
upon
the laws in effect at the end of the respective
they become record holders of certificates for common stock.
The
Statement
—$16,209,97.9 $15,091,514 $15,379,096 $62,274,497
sales'_
Cost
for Federal and State taxes based upon income
reflect the effect of extraordinary deductions for
above,
tax
income
ex¬
Hallgarten
Mar. 31. '44
SNet
Note—The provisions
certificates,
stock
common
new
reorganization,
of
plan
$1,223,857
$703,073
to
stOcks_____—520,784
$111,755
•
__
applicable
Balance
class B stock who have not yet surrendered their
for
and
con¬
(Cr)
income
Dividends
are
exchange
shares
of $1
dividend
a
of
.
stock and
for
the
1944. on
29.
elected
was
40#,
Co.,
Preferred Shares—All of the remain¬
6%
7,545
Int.
cash
and President,
and Mr. McNab was elected Executive Vice-President.
Other officers
were reelected,
Mr. Stewart succeeded William B. Yeager as President;
Mr.
Wisconsin
Quarters Ended
Encied
June 30, '44 Sep. 30, '44 Sep. 30, '44
240,378
—.
int.
Other
Co.; A. G. Becker & Co.,
president—To Pay
The
■
Income
180,000
garten
International Utilities Corp.:—New
20#,
Co.,
540,0JU
on
Associated
possible.
as
40#;
Brothers,
11,11*9.
;
Int.
However, they
Diefenbach,
19,096
-
pre¬
corporations
dends.
$2,624,505
$2,267,207
.
underwritten
of
to the
ing outstanding 'shares of 6% preferred stock have been
called for redemption on Jan. 2, next, at 110 and divi¬
Kimberly-Clark Corp.-^Stocks, Offered—Lehman Bro¬
directors
The
holders of
__
Int.
JDividend—
of
(net)
shares
issued pursuant
■
-
International Nickel
income
Gross
was
ago
revs,-.,
oper.
Other
be
the
of
many
shall not
To Redeem
Amort,
Hydro-Electric System—Legal Proceed¬
International
so
names,
as
$2,635,624
__
__
—1-
stock,
change offer:
$8,568,218
3,228,043
1,351,220
557,450
805,500
272,014
retirement res.
of limited-term
Prop,
-
125
expenses
taxes
Other' taxes
respective
ferred
1944—12 Mos.—1943
-
'$775,445
265,396
176,860
60,167
$790,681
"
revenues
Operating
Federal
*
.
1944—Month—1943
Period End. Sept. 30—
,
their
Co.—Earnings-
Kansas Gas & Electric
Electric Co.—To Merge—
Indiana & Michigan
See
,
2073
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4333
dated
have
Oct.
agreed
18,
1944
severally
the
and
not
holders
to
of
from
dissent
6#
the
cumulative
merger
and
preferred stock of Koppers
request cash settlement; (4)
Co.
the
of Bank Notes of Koppers United Co. now outstanding
will be paid prior to or concurrently with the delivery of the 150,000
shares of new preferred stock and of the 200,000 shares of common
4# cumulative stock of Koppers United Co.
amount of 25,000 shares will be converted into
Inc.; (6) the common
.stock of Koppers United Cc. outstanding in the amount of 3,000,007
shares will be converted into
576,000 shares of common stock of
stock;
(5)
the preferred
outstanding
in
the
130,000 shares of common stock of Koppers Co.,
Koppers
and
Co.,
Inc.;
the 200,000
shares
of
(which
shares together
with
said 130,000 shares
shares now offered will comprise the total of 900,000
stock of Koppers Co., Inc., to be outstanding);
common
Pfd.and
United Co. will be
"Outstdg.
Authorized
Co. first mortgage bonds***-—.,
$200,000,000
3% series due Oct. 1, 1964 (assumed)——
23,000,000
Serial notes, issue of 1944 (assumed)
.***.*_
11,400,000
Koppers
.'
Securities
Union
11,400,000
-15,000,000 15,000,000
15,000,000
•
Common stock (par ,$10)-—
-—**•_-,-*
20,000,000 9,000,000
•Exclusive of a maximum of $22,000,000 promissory notes of Kopper|,
Sales
31-^~
Consolidated Subsidiaries'
1
•
■,
r
'
——Calendar Years'1943 .
1942
June 30,
4
■
1
1944 •«.
■
,
:
including reimbursable costs and
sales,
Net
profit after taxes**'
•Earns,
1
earned
fees
4
struction
and
Costs
•
subsidiary.—v.
of
amortiz.
Taxes,
1941
—V.
160.
•.
.
••
.
1,670
2,285
2,825
Operating profit**/**
$4,f75
$15,099
The
316
563
576
$15,662
of
$15,099
918
$16,775
Net income before in¬
and
terest
Int.
and
Pdd.
$4,452
459
ancl
taxes
*
Prov, to
•
*_
for tax
reserve
contingencies
18
4,944
69
11,479
184
'//
,
.
Other
******
300
300
$3,921
$3,874
profit
Total
cum.
series
$10
of
•Based
•
:
.
stk;_L
com.
"
'••
$3.57
outstanding.
900,000 shares
on
'•/
5
'$3,209
$924
$1.03
value—_J
par
sh.
:/
''•/■•.•*;'•"
' *
$3,162
$2,759
$3.51
$5.07
Dividends
'
.
.
;
....
■
now
•/.'.„•
interest,
Sales
Cost
*_**.,.*_,**_
«
concurrently with
pay
v
\
Mellon
A.
C.
Securities
Corp.
Allyn <& Co.,
Geo.
G.
Baker,
&
Alex.
26,400
5,600
/
1,500
M.OOO
Chanute,
&
Brown
Loughridge & Co.__*
Sons
Slocumb
1,800
2 400
1*200
Chaplin
&
Co.*.*!'*2—/_
C.
Collings & Co., Inc.*-
K.
Cunningham & Co.,
1 600
3,300
5,466
i 200
1 600
1200
too.-*-i-—,
C.
2^000
1 200
;
S.
lHOn
*____
„
Inc.*
*
pain & Cp.
The
First
First
of
Boston
1,800.
Corp
Michigan
13,500
Corp
Glover & MacGregor,
Inc
Grubbs, Scott & Co.**.:,
Hallgarten & Co.
Harriman Ripley
Hayden
Miller
C
Langley
Lazard
A.
E,
The
Freres
&
The
Leonard
Ohio
Pacific
H.
Chas.
Co.—4*
Co.
Reinholdt
Roliins
W.
2,000
4400
1 2on
i snn
995,421
512.692
503,314
& depl.
,
I;
■
*
^
9 000
2! 100
2*40o
2*800
1 800
2 400
2*400
900
1*200
,;
^
'
1.
Inc.*
Co
*
■
4 800
1^800
%
$4,509,552
X 582,334
$4,327,785
deductions
1,191.115
*_
948,597
948,597
an
for
$0.58
$0.67
Redeem All Extended
3¥2% Bonds—
Vice-President,
Trust
&
Bank
Co.,
as
the
date,
redemption
said
to
,,
.
10-Year
Redeem
To
The company
has also called for
redemption on Jan. l, 1945, all
at
Jan. 2. 1945.
•
'
'.
> f •-.-.
/
bonds may immediately or at any time prior
date obtain the redemption price of such bonds,
with accrued interest to Jan.. l, 1945, upon presentation for
redemption
the company's
at
office.—V. 160, p. 1'971.
-
Park
101
at
Ave.,
N.
Y.
Loss
1,617,551
160,
p.
Interest
Loss
_*^
for
1
;
948,597
$2.12
.
1942
$1,355
701
3 Mos. End. Sept.
$2,057
$2,388
Lumber Co.
1943
1942
1941
$2,518,974
$1,988,682
$2,622,293
$2,444,032
30—•
Gain before deductions-
575
1944
374,738
336,323
404.429
385,351
336,209
284,021
343,204
371,416
14,322
14,829
345
1,037,945
+820,226
11,312,020
*
Interest
State
Fed.' and
taxes
•Tax
$562,294 ' $1,064,678
•To correct accruals for prior periods,
tlncludes. profits taxes and
figured on basis of 60.6^ in 1943 (1942, 70%).
* After deducting
$76,324 for post-war
Note—The
net
$533,282
$753,759
for period*****
6*400
2^400
to
credit.
profit
$1,794,195,
for
as
the nine months ended
against $1,421,163 in the
.
Sept. 30,
same
. ..
1944,
period in
...
(Del.)—Files Liquidation
Plan With SEC—
company/.'
company
will.-iiquidate
profit was derived.
J.
Murray
,
Jr.,
.
President, announces
acquisition by this
company of the. business and name-of the Brannon
•85-year-old drug firm of Columbus, Ga„ which will
the
Brannon
unit
&
McKesson's
in
Hawaiian
& Carson Co.,
be operated a$
drug
the
division, becocming the 66th wholesale
coverage
of mainland United States and
Carson
Islands.
,
part of the South Atlantic district of
which J. D. Crump of Macon, Ga.; is the
Regional Vice-President.
H. E. Weathers, for the past 30 years
President
of the Columbus firm,
will be retained in a consulting
capacity/Mr. Murray said.
This division'will serve a territory with a
100-mile radius including sections of Georgia, Alabama and Florida.—
The
new
V.
160,
p.
division
is
Robbins.
a
of
1404.
,
.
(parent of Louisville Gas
Electric Co. of Ken¬
tucky) has filed a plan for liquidation with the Securities and Ex¬
change Commission.,; Standard Gas & Electric Co. is the parent of the
The
which no
William
McLellan Stores Co.—October
company
Delaware
/
McKesson
Louisville Gas & Electric Co.
The
from
490,995
Brl20,98b
adjustment
Profit
/*_* $72,351,042
profit
*___*_**„*„*_*l_*.
Acquisition—
income
*
-
sales
10,607
Depletion
Depreciation
Months Ended Sept. 30—
Net
$4,973
(& Subs.)—Earnings—
1944
1943
1942
$60,148,127 $56,019,855
1,071.290
1,266,443
1693,565
Earnings per common share**
$0.55
$0.70
$0.37
•After
interest
and
after
provision of $2,979,656 in
1944 and
$3,025,779 in 1943 for Federal income and excess profits taxes, after
■taking credit for the post-war. refund • on the excess profits tax.
tAfter interest,
and after provision of $1,974,257 for Federal taxes
estimated (before passage of the 1942 Revenue Act) at a combined
rate
of 45%.
for normal
and surtaxes and 90%
for excess profits
taxes.
Reduction of the provision
to conform to the rates later
specified by the Act would have resulted in an increase in profit of
$197,802, and would have increased the earnings from 37 cents as
reported to 48 cents per share of common stock.,
.
'
Note—William J. Murray Jr., President, in reporting the net sales for
the quarter. ended Sept. 30,
1944, pointed out that the increase .in
dollar sales reflected a substantial increase in Federal liquor ta^esi
3
$4,398
842
Earnings of the Long-Bell
$6,124,813
>************_**
Net
1942
$1,546
$3,651
period-
Sales Up 6.54% —
1944—Month—1943
.
McKesson & Robbins, Inc,
•
and excess profits
1943
954
.
The
Lumber Corp.- -Earnings1944
$2,697
1527.
1944—10 Mos —1943
$5,748,668 $53,810,312 $51.452,62f
company in October,
1944, operated 202 stores, as compared
201 stores in the same month last year.—V. 160, P. 1527.
Sales
profits tax
This compares with $2,534,729 provided
interest:._—
before
Vice-Presiueni—
been named
City.—V.
5l—
Period End. Oct,
of, 1944 includes
for Federal normal tax and'surtax abased on an
Sept. 30—
to said
together
payment
:
•.■■•••1
Vice-President in charge_ of
engineering.
He resigned recently from the Fairchild Aircraft Division
of Fairchild Engine & Airplane Corp., where he was concerned with
production of the AT-21 advance military trainer at Hagerstovvn, Md.,
and later was enginer-in-charge of that company's engineering office
Knack has
John
Frederick
160, p. 730.
Long-Bell
com-)
102
pany en cr after
Holders of said
of
1950,
outstanding 10-year collateral trust 3/2% bonds due Jan, l.
and interest.
Payment, will be made at the office of the
its
515,377
81.63
the first nine months
3 Mos. End.
Bonds
3V2%
$1,542,732 ; $2,008,848
considered necessary).
of 1943 for Federal income
being
taxes.—V.
Trust
Collateral
Due 1950—
prevailing rates (no provision for excess
made at
estimate
'•; )
bonds will cease on Jan. 1, 1945
above-mentioned bonds may immediately,
or at any
obtain the redemption price of said
bonds, together with accrued interest to Jan, 1, 1945, upen surrender
of their bonds.
?
/
.•
/, ' i
of
Holders
time
taxes for the first nine months
amount of $850,407
$2,749,124
1,163,072
1,163,072
McDonald,
unified mortgage
3,212,078
948,597
share**.*
per
1.578,361
announces .that following the sup¬
between this company and the Central
trustee, the railroad has called for
redemption as of Jan. 1, 1945. at 102 and interest, the entire amount
of extended unified mortgage 3bonds in the hands of, the public
on that date... All payments would be
made at the office of the. railread company. 71 Broadway, New York, N Y.
Since Jan. 1 is a legal
holiday, payments will be made on Jan. 2.
The 3Mbonds in coupon form, whether payable to bearer or regis¬
tered as to principal, must be accompanied when presented for pay¬
ment by all interest coupons maturing on and after July 1, 1945.
The
coupons due Jan. 1, 1945, should be detached and presented for pay¬
ment in the usual manner.
All bonds should be indorsed to bearer or
have proper assignments and transfer in blank.
Interest on extended
$7,080,463
431,050
178,674
outstanding
Note—Provision
.
$2,084,129 ' $2,051,096
$2,92617l'f;
807,009
807,008 / 1,076,012
dividends
dividends
J.
$7,354,354
1,737,429.
1,505,640
$636,960
1943.—y. 160, p. 1737.
12,000
1 500
ZZlZ
Z
$3,247,682
.1.196,586
*****
273,891
$5,266,851
165,729
amounted
*L800
1
,
326,989,
$550,420
___**;
i'goo
1,800
Lynch
&
$2,314,369
-.635,536
8,000
9,0oo
Sons,
Scran ton
$1,864,377
j 200
;
:****.
;*
taxes-
6,000'
;
r
*
;
Gardner
&
4 400
15',200
1,500
California*..-*
of
&:
336
Co
&
l'oon
3.300
Co.
Co
32,460
2,064,402
2,921,676
1 fino
11,400
.
—
Co.*.**'**
&
Masten
Milwaukee
Moore.
E.
&
2 000
1*200
Co..„_._...
Hemphill
Noyes & Co.___T
Janney & Co.*.
•K^y. Richards & Co.*
W.
18,000
1200
& Co., Inc.***
&
^000
;
1 500
,
„**,
:**„5__*
;
111,425
1600
ljsoo
Sherrerd
Burr
2,400
1 800
_
^_I*2Z*I
& Co
&
4
2.000
2 000
*„-_*,
Butcher
Coffin
.
.inc.'—*—i0;r,00
co
Bosworth,
Brush,
Com.
4^200
__
Co.**
13,918,930
_*
for
Net. profit
$4,786,624
1 500
&
"
$23,063,795
$4,939,862
,
profit
Shares
19,800
,1
:: 228,305
$3,275,244
income
income
with
Net
.
$4,099,480
377,767
plemental indenture agreement,
Shares
***__**_*_*_**_'
Inc
Applegate
Watts
Biyth
Pfd.
$4,131,785
164,788
Luscombe Airplane Corp.—New
1944—9 Mos.—1943
$7,885,213 $21,118,831
$2,221,909
charges
Misc.
Shares
$3,082,894
271.991
:
Louisville & Nashville RR.—To
Earnings—
(& Subs.)
$1,752,952
Pro v. for deprec.
In
Name—
$3,003,253
.
McCrory Stores Corp.—October
follows:
as
are
taxes
14,157,293
income
Total
respective number of shares of new- preferred
of
sundry
4,964,250
699,054
income
Provision
the
of
names,
and
$7,675,507
1
__***_-*„*
profit*****
income-
Income
notes
$303,142
/
principal underwriters and the
stock and common stock
Koppers Co., Inc., being offered, severally to be purchased by each,
Underwriters—The
expenses,
1944—3 Mos.—1943
3d—
admin, exp.
Operating
Misc.
.
142,154
,
5.230,606
691,949
shipping
Selling and
■
state
,
"
$22,000,000
;_.**„
_*
169,495
at July'31, 1914
as
$424,097;
payable,
of sales—manutac.
and
the sale and delivery of the
new preferred stock and the common stock of Koppers
Co.,
Inc.,
now
offered, the bank notes of Koppers
United Co. due April 26, 1946 (which will be assumed
by Koppers Co., Inc., at the time of the merger, and
which are held by Union Trust Co. of Pittsburgh in
the
amount
of
$2,514,979, Mellon National Bank in
the
amount
of
$932,991, Bankers Trust Co. in the
amount of $669,326, and Guaranty Trust Co. of New
York
in
the
amount
of $669,326.). at the principal
amount thereof, which exclusive of interest will require
to
(2)
•
of
764,198
,
Sheet
Star Cement Corp.
Period End. Sept.
.
■
178,379
,9771
(less.U. S. Treasury Tax
Savings Notes, Series C—at cost, $1,801,500), $284,431; notes payable
(payable in semi-annual installments of $50,000 each, to June 1, 1959) ,
$1,400,000; reserve for general contingencies, $300,000;, common, stock
(189,539
shares
no
par),
$1,014,000;
initial and capital surplus,
$405,350; earned surplus, $3,458,745; total, $7,898,502.—V. 160, p. 1296.
Federal,
for
reserve
Lone
•
.158,060
.***_
payable—current in¬
reserve for bonuses,
pensions^»inventory adjustments, etcM $161,182; income taxes withheld
from
employees, $39,582; amounts withheld under - Payroll. Allotment
Plan (less U. S. Savings Bonds—Series E, on hand, $5,813), $7,975;
;
.
.
$1,656,680
'
.**3*
and surtax
accrued
$106,000;
107,393
income ;
W.
hand and in banks, $1,496,291; investment in U. S.
cost, $1,284,500; notes, accounts receivable,
liabilities—Accounts
stallments;
/
offered, in trust with irrevocable
Instructions to pay on Dec. 31, 1944, the indebtedness
of Koppers Co.,
Inc., evidenced by promissory notes
which wife be issued by it as a result of the merger
with Koppers Co. in the principal amount of $110 for
each share of 6%
cumulative preferred stock of Koppers Co. the holder of which shall not l^iave dissented
from the
merger,
and/or to provide funds for pay¬
ment to the holders of the 6%. 'cumulative preferred
stock of Koppers Co. who dissent from the merger and
•request a cash settlement, a total sum, • exclusive of
Inc.,
Co.,
pers
,
on
,314.210
123,224
Hanover
■
doubtful accounts of $99,568),
$1,090,419;
merchandise inventory, $1,447,222; investments—at cost,
$2,093;
fixed assets
(less reserve for ^depreciation
of $2,066,591),
$2,128,216; other assets, $242,495; deferred charges, $207,264; patents,
trademarks and goodwill, $2; total, $7,898,502.
•
.
.
the sale
delivery
f
(less, reserve for cash discounts and
ete.
together with $7,145,769 from its treasury (the greater
portion of which will be derived from Koppers Co. as a result of the
merger,
including the balance of the proceeds in the amount of
$3,609,106 received-by Koppers Co. from the sale of its 3%
series
-bonds and serial notes, and Including the proceeds in the amount of
of Kop- //;
T
.
stock_**_*^*_**„*_****„*3_*—
common
,159.887
2,782,401
84,893
Unified Mortgage
securities—at
Government
$109,145),
$2,350,000 received by Koppers Co.'in September, 1944, from
of its investment in Virginian Corp.) for the following purposes:
tax
Consolidated Balance
Assets—Cash
(
to be deposited, concurrently with the sale and
of the new preferred stock and common stock
on
.
1,196,428
1, 722,800
89,117
891,315
Gross
,;
$1,644,840
1
Koppers Co., Inc.-—Upon the issue and sale of
the new preferred stock and the common stock of Koppers Co., Inc.,
company will apply, or cause to be applied, the total net minimum
proceeds therefrom of approximately $19,640,855 (exclusive of accrued
dividends but after deducting expenses in the estimated amount of
(1)
normal income
852;?84
2,173,593
,
$386,548
of
Issue
of
Purpose
exc.
Federal
712
712
712
356
,
,
-
>
I**!*
on, machinery and equipment, etc.*,profits .tax (after Pcst-war refund of
Federal
'
Net earns, to com. stk.,
-•Per
taxes,
901,335,
1,076,011
1,550,762
1,679,991
•Provision for Federal excess profits tax is after deduction of credit
fcr debt retirement as follows:
For nine months ended Sept. 30, 1944,
$241,513;
for nine months ended Sept. 30,
1943, $191,421; for 12
months ended
Sept. 30. 1944, $309,158, and for 12 months ended
Sept-. 30, 1943, $257,134.—V.1G0, p. 628 and ,13.
.
11,840
*_*i._*,*„,_*****___;_*.
interest, etc._l.^_**_*-*_-.
;*
sundry
Depreciation
requirements
on
pfd. stk., 4:!/4
Div.
income
and
State
;**___.'
taxes-
oper.
Net
1,746,725
*_*:
;
$3,471
income—__
Net
'
;_***
,.*__***_*****_**
income*******
200
$1,280
:
/*
Gross
1
'
'
;
Net
$3,391,565
i*!**^!******.—
business
of
,169,265'
1,088
922,601
taxes*/
Common
Seven Months Ended July 31, ,19f t
profit after deducting cost of goods sold******
General administrative, shipping, selling and other expenses
Gross
,
...
9,739
201
2,683
60
.
,
taxes
income
Other
■
18
18
V
9
prof.
exc.
1.445'
1,210,517
.
in-.
prof.
Preferred
•,1
17,
Statement of Income,
Consolidated
•
>
expenses—._*__*.
inc.
$9,622
918
918
disct..
debt
of
tax.
inc.
debt!
funded
on
Amort,
Co, making the total number of
1944, authorized the issuance of an addi¬
tional 24,000 shares of common stock in exchange for all the issued
and outstanding shares of stock of Universal,. consisting
of .167,089
shades of "capital
stock.
The result of such exchange.^ will be-to
convert Universal into a controlled subsidiary of the Corporation,
__***_
*****
1,084
1,493
the
with
Oct.
1,833,500
income .-taxes**
Other
has authorized the listing, of 24,000
stock,
(no par) on official .notice of,
acquisition of shares of;capital stock
common
connection
1,,789,125.
1, 379,250
1,374,750
income
exc.
■■■]■".t;ii-'*■";;■■
•
than
taxes)
come
Federal
j.
Additional ' Common
•
.802,435
(other
•Fed.
$61,546,2'32 $53,806,048
Exchange
Stock
York
shares
in
5,593,204
__**,_
limitqd-term
investments" *____*_t
•;
.
of
Amort,
State
of Universal Paper Products
applied for, 213,539.
shares
$9,622
$16,775
563
$4,492
■_**■'
income
Operation.
.
Depreciation
V'"'
.
The directors on
Total
-$6,354,107
$7,159,813
(par 50c)
583
.
1944—12 Mos. —1943
546,732 $19,950,855. $17.,939,737
7,602,398
6 ,457,10V
4 885,078
841,831,
637,115
1,069,107
1944—9 Mos.- -1943
$14,851,'411 $13.
revenues
Maintenance
Corp.—October Sales Rose 12.7%-r-.
v
31—
1944—Month—1943
1944^-9 Mos;-A^43/
1737,. ;
New
additional
$9,038
$16,199
income—;——-
Special charge.
'
%.'•
•'';
■
Stock—Acquisition—
1,768
2,054
2,311
1,225'
v,.-".
'1944—10 Mos.—1943
Stores
160, p.
issuance
Other
1633.-
p.
Period End. Oct.
—V.
•
■
1,189.
jConsolidated Income Statement
,
$2,919,629 $28,656,733 $24,329,997
$3,422,845.
sales
Net
—
^
1944—Month—1943
'
/
..
Co.,(Kentucky)—Earnings—
Louisville Gas & Electric
'Period End. Sept. 30—
Lily-Tulip Cup Corp.—Listing of
1
i
V"..'
— or
after —-;.as -stated 7L provisioit
profits-taxes and minority -interest in,
Inc.—October Sales .Up 17.2%-—
Period End. Oct. 31—
$85,328
72,850
.
common
■
before
is
excess
1737.
160, p.
Lane Bryant^
'
•
-*_*'—
taxes
:
201,445.
'
Operating
.
$143,010
122,471
$221,681.
$66,422
59,831
company
"
■
facilities.
depletion
other than inc.
and
and
Sales_*_***-*„*_**-___
emergency
•
profit
•
Taxes
T
expenses
Deprec.,
net
income
Federal
J
:
/
1296.
p.
.
Note—Above
••
for
v;; 1941
v
.
shares of capital stock outstanding.
Lerner
plus-a-fixed-fee
concontracts..*
1942
$1,169,705 '. $3,897,212 ' $3,741,554
606,420
1,694,730- ' 1,715,159'.
$0.81
$2.27
;
$2.29
•On 746,371
,
cost-
on
share*****
per
'
1943
1944
$1,501,817
' 547,609
$0.73
Sept. 30—
profit before taxes*
Net
.
.
18,257,217 163,406,007 156,559,753
18,834,110
Net
.i '
.
the Kentucky
..
1663.
p.
Period End.
.
''
6 Mos. End.
.
-:
Lambert Co.. (& Subs.)—Earnings-
(
^
Earnings of Koppers Co., Inc., and
(000 Omitted)
,
one-twelfth
in.exchange for each share
6f Delaware A stock, and three-quarters share for each B share.
Hold¬
ers of .the A stock will have the opfton, exercisable only within 30 daysafter the.effective date of. the plan, of-taking one,share of Kentucky'
common in exchange, plus $1,923 cash, for each A share held.
'" 1
No fractional shares, of Kentucky common"will ba delivered and.in
lieu thereof each holder of ,the Delaware company will receive cash-at;
the rate of $23.08 per share which, the petition says in the opinion",
of (he board of directors of the Delaware company is a fair value for
that stock and which is the value assigned to it for purposes of the
plan. ; ■
;(
r \
■
•
- ■
• ■. 1 '
11 •. > ' • ■ , '• 1
The remaining assets, after expenses, will be distributed to holders
of the class B stock.
This distribution will be made in cash to all
such holders, other than Standard Gas'& Electric Co., parent of the'.
Delaware concern, and which,
in order to provide cash for the pur¬
poses of the plan, will accept for its distributive share, or <will pur¬
chase, shares of common stock of the Kentucky, company.
The plan
says
the exact amount of this additional distribution to holders'of
class B common of the Delaware'1 company cannot be determined at
this time, but it is, estimated at approximately $3.60 a shard.—V, 160,
of
•
1944-—10 Mos:—1943
1944—Month—1943
.
:
—V.: 160,
The directors of K 'PP
on the same date a
common .stock,
rhe
considered indicative
any
future policy with respect to
the declaration; or payment or
dividends on the common stock or the amount thereof.
v_,rn
Upon consummation of the merger, Koppers Co., Inc., will not hav,
any earned surplus, but will have a substantial capital surplus. . This
dividends which
the directors intend to pay on Jan.. 1, 1945. ™y,
exceed the not income c&rn6d in th© period from the eonsuiniimtibn
of the merger, on or about Nov. 10, 1944, tf* Dec. 31, 1944, and conse-.
quently such dividends may be paid in part from capital surplus.
preferred stock will be payable Jan. 1. 1945.
Co., Inc., intend that Koppers Co., Inc., will pay
initial
oividc-nd of 40 cents per share on its
intention to pay such dividend should not be
Pra Forma
■
made'on
be
.
dividend °"ptje new
initial quarterly
Dividends—The
Regarding
1,600
(S. S.) Kresge Co.—October Sales 3.1% Higher—
Period End. Oct.
Co., Inc.
i
2,400;
1,200
^*T__V___
4,400
1,800
& Co.**____;
See also Kdppers Co. in V, 160, p. 1970.
8,000
3,300
Dulles
Wurts,
12,000
6,000
Corp
Whiting, Weeks & Stubbs.,.-,*
$23,000,000
2,800
.
9,000
Co.—*—**.****
&
White. Weld
.
presently to be issued
(par $100)-—Not
stk.
Pld.
2,100
which constitute all . the
other; than current assets.
the basis of one and
company
,
will
distribution
shares
2,000
1,500
series (par $100)—**_*
stk., 4%%
pfd,
Cum.
The
Boyce*'—*.—
&
Bros.
Stein
i
»
•
the Delaware
of
assets
2,800
Stifel, Nicolaus & Co., Inc,
1*—,—^*___
Stone & Webster and Blodget; Inc..,**
.
of New Stocks)
and Issuance
shares of. the Kentucky company
common
Shares
2,100
& Scribner
Deane
Singer,
the
•Com.
.
Shares
Name—
(Upon(Consummation of Merger
Inc.
oft Koppers Co.,
Capitalization
owned
extinguished and
stocks of parties to the merger
all other outstanding
(7)
by either Koppers Co. or Koppers
cancelled in the merger.
Monday, November 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2074
i
by distributing
to its own
stockholders
.
Period End. Oct. 31—
Sales—.—:__*-**-*_*
—V.
160,
p.
1633.
Sales—
$3,567,767
'I
1944—9 Mos—1943 ;
$3,401,349 $27,456,164 $25,756,822
1944—Month—1943
Volume. 160
and interest;
Magma Copper Co.—Earnings1944
End, Sept. 30—•
9 Mos.
1941
1942
.
$197,940
$622,886
28,988
119,255
H 153,590
income„_„„_,„_J
$226,928
$642,141
$618,001
62,200
162,850
163,550
243,800
80,000
'
Est, Fed.
profits tax
exc.
issue of 100,000 shares of cumulative preferred stock, par $10 each.
an
.
The
New
receiving payment in full of the redemption price pertaining
to vhe respective series; plus accrued interest to dates above set forth.
—V. 160, p. 1971.
'
$1,441,189
cap. stock, tax and
Red. normal income &
surtax,
Monogram Pictures Corp.—To Create Preferred Stock
The stockholders will vote Dec. 6 on increasing the authorized capi¬
stock from 1,000,000 shares to 1,100,000 shares, by authorizing
,
tal
of
lege
Est.
.
bonds,
April 2, 1945, all of its first mortgage 4%
pn
due May: 1,1971,
E,
1045,-all of its first mtge. 4';(?
,
$1,074,641
t366,&48
$771,690
Other inc. (includ. RR.)
(b)
at 103V2 &nd Interest, and (c) on May 2>
bonds, series *G, due May 1, 1965, at
103 and interest.
Payment will be made at the Guaranty Trust Co.,
trustee,'140 Broadway, New York, N. Y.
7 Holders'ofthe
aforementioned bonds have been offered the privi¬
series
1943
Inc. from mining oper.~
Total
2075
THE COMMERCIAL ft FINANCIAL CHRONICLE.
Number 4333
has entered into negotiations with Emanuel & Co., of
for the issuance and sale for cash to underwriters
No underwriting agree¬
been entered into and the terms and conditions are not
company
N.. Y„
.York,
100,000 shares of new preferred stock.
pf the
has
ment
determinable, but it is contemplated that the underwriting
or discounts
will not exceed $1.25 per share.
The pro¬
ceeds, estimated at approximately. $860,000, will be used for working
capital for the production, distribution and exploitation of its inotiqn
pictures and the- general operations and expansion of its business,
V. 159, p. 2638.
.
presently
commissions
Minnesota Power & Light C o.—Earnings—
;
,
Net. income^.
■
.$164,728
.-(Includes
.
$2,075
securities.
in
•'..'.
$1.17
;
$319,130
and
1943
/'..■"'■•■•'
$454,451
$479,291
$0.41
^'Earnings per share.—~
$1,117,389.
■
$2.74
sale
•'.
1
Operating
"of
on
Jflncludes loss
.
•
$192,862/-7-V. 160,4
sales of securities of
on
.
202,464
205,810
167,701
188,385
expenses
Stock—
mon
!■/■/;";'.
;:'r/.
'
1,521,236
1,718,360
908,132
prop.) retixchjent ,rps._,"~
Amort; .of / limited-term
62,500
62,500
750,000
578
574
.6,919
.' / Net, qper.£ •jrevs.^.'l'L^.I •
Other' income
$292,385
1,261
$308,462
$3,359,243
$3,776,207
7,965
-'
'C-
'-York' Stock
Monsanto Chemical Co.
; 6,883
'
Exchange has authorized the Tistingf of ip.OOO •'
additional'""shards - of rcommon "stock (par $1) on?official ;notice /of .
issuance "Pursuant .to the terms of an offering to:: certain of the com-•'
.pony.'s,employees, .including certain officers, making-the. total number
of shares .applied, for 1,125,214 "shares.
,
.-/,/
J The directors cn April 11; 1944,/authorized the president of, the
company to enter, into. agreements, with such employees as. the presi¬
dent. should select, including any officers other than the president,
for;;the/issuance and d£liv,ery to • such .employees of ,fully paid and
noh-accessable shares of common stock, such stock to be issued and
delivered not more ,thah 30 days prior to the'close of/1944, in con->
federation pf services - rendered dim company- by, each/such employee
after.; the' execution, of such agreement/ and prior, to / the issuance, and.
delivery of Hock to such; employee, in' addition to' those, services com¬
pensated for at regular rates" off salary or'wages, provided ' that , the
aggregate • ofshares Ho. -be. 'fio- issuedvshould' mot exceed-27,094:
://•-.
;
As of Sept, 25, 1944,, 308 . employees, including 6 officers of the ,
company; of' whom "4 .are, also directors, had signed agreements pro-:
viding for the issuance/subject to certain 'specified conditions; of to
aggregate of, 9,396 shares of common stock.
Inasmuch as additional
agreements may be executed whereby additional shares would be al¬
located to employees, it is deemed advisable to list a. total' amount of /
10,000 shares of the company's common stock.
Tire stock to be issued "
under each agreement with said employees,' including officers, willbe
issued for consideration .consisting solely of services. rendered by the :
officers and employees,to whom said stock will/be issued.
The value
of the services has bean fixed by the board of directors at the indicated
New
2,305,759
84,230
/Hnyestmehts
( '"rile
$9,481,925
2,481,781
1048,413
79,536,
;/'
p. 730,
$849,961.
Othertaxes'-
Martin Co.-^-Listing of Additional Com¬
(Glenn L.)
,
1944—12 Mos.—1943
1944—Month—1943
$805,164
Faderal'-'taxes
'
'
,SOn 408,000 shares of capital stock, par $10.
Period End; Sept: 30—
i-
) Operating. re venues -
.
/
profit;
in" 1941
)■'; '
■•
'
$1.11
,
945,818
$293,646
$309,171
$3,370,875
bonds
127,850
128,658
1,538,512
Other int:>8i\ dedactions
7,943
5,925
78,309
67
13,346'
1,993
91,145
$187,934
$1,756,047
Jnt)',..charg'ed
.. to / con/■ Structions/(Cr) 212Z-.
Net profit from' oper. $10,965,630 $11,583,731 $12,027,933 $11,879,431
Other income —J—
630,256
1,060,564
931,324
823,643
.Gross income$11,595,892 $12,644,295 $12,959,257 $12,703,074
349,163
Incdihe charges—292,727 / 287,293
" 437,362
*
----Normal inc. taxes (est.)
1,931,800
2,347,722
§1,206,174
1,974,248
Excess prof, taxes (est;)
6,611,660
5,032,000
$6,482,890
6,237,049
Net inc. applic. to min.
interest
;
37,609
44,596
39,944
37,800
'
'
$157,920
applicable * to pfd. stocks.*
Net fncome
,
Dividends
r
,
$2,237,451
986,369
987,951
--
—-
—V;;i6o;
earned
)
$526,063
$487,555
$5,810,822
310,920
319,531
37,500
106,148
59,688
1,236,539
$71,245
$70,836
market
such
of
value
•
shares
the
at
■
z
over
the New York Stock Exchange on the date of such issuances.-
credited
—V.
The
Fed.
& State
taxes
69,000
taxes—.
1,714,000
'309,000j
■
Investment
:.
^
bonds
new
Miscell.
Patents
.
To redemption of $1,400,000 first mortgage
bonds^. •
•
/.) 33/4 % ■' series: due/, 1961; at 104(/2
—$1,463,000
(2) To, redemption of 6,000" shares of 6% cumulative pre- '
*
' ferrfed'.stock "at/$ 110 per share__r.z//.-^_^l^____-:r.,
:
660,000
.
History and«Buisinesss—Company,
an Alabama corporation. Is an
operating public .utility, engaged primarily in the business of purchas¬
ing,; distributing and selling natural gas at retail in the City, of TMobile,
Ala;., and tenvilbhs;;-, The gas sold by the company is purchased from
"
-
•
>
3;
.
Earns, per
./
'The
$208,762
com/share—
President Alvin
\
'
.
$156,777
• '
;
Voit states:
A.
$0.2$
.?
$0.40
r.
,
•
,
-
;
plywood warehouse distributing, unit to be opened by
fric, (jointly owned with United States Plywood
placed in operation on Oct, 2 in New Orleans.
Others are
"Progress
ditional
being
Is
costs
and
made
fee
toward
Under
the
of
our
for
claim
Aug. 31,'44
.
" ■ 1943
$2,560;071
$3,112,603
2,417,807
*1
Reserves
....
,7,345
Total
■
:ihcome''_x//._).»)/
(Series
deductions
(Series
Common
Paid-in
4
' 1941
.Net gain
on
$188,046
def.56,203
new bonds
(279,278
$2,218,139
108,406
$53,796
77,626
19,625
746.177
v
Federal
$426,191
4,973
4,204
$695,855 '
-
$300,852
.
'
3,583
Prov. for Fed.
(at'3%
)__./
-
42,000
taxes__
income
Net
1
profit
,
$264,523
$34,171
divs.
$393,735 .;
(Includes
profit'of
$273,951
arising from settlement
of
claim
for
'
p.
June
1939.
last,
1,
and on June
1,
Sept. l
and
Dec.
1,
posed
54,936
$379,987,
54,936
351,922
175,395
1943.—V.
158,
'
has called for redemption on Jan. 1, next,, all of its
outstanding prior preferred and cumulative preferred stock at 105 and
110, respectively, and accrued dividends.
Paymen^will be made at the
company
Chemical
York,
The
ment*
Bank & Trust Co., redemption
agent, 165' Broadway. New
Y,
/
redemption agent has been authorized to make immediate' pay¬
N.
in
full)
..'•/Calls 4.% and.4^4% Bonds—
'
The company will redeem (a) on March 1, 1945, all of its outstand¬
ing 4.ya% first mortgage bonds, series D, due March 1, 1968, at 107^2
not
and
$11,534,595
par value
in
1943
fdr
(with stated value
./■<..., (.
■■/
include" the
liability of $69,608 for
of U. S. war bonds, ndr
hand.—V. 160;, pf 1865.
for. purchase
on
new.
pfd.
$191,762
$149,656
166,398
167,974
2,048,125
2,085,765
$508,985
$6,421,124
$7,191,309
12,929
90,026
169,507
$521,914
153,601
$7,360,816
)
on
11,806
44,125
7,70.1
66,511,150
1,829,604
529,495
104,066
$246,258
$316,487
$4,047,985
$4,775,78,9
957,534
957,534
.••■) 151,201
mortgage bonds
on
$154,267
$190,979
debentures
44,125
.
income
Dividends, applicable
62,841
to
stocks«___».__xx.—
pfd.
(at
com.
,
■n'
29,400
.
stocky,
29,400
$161,579
Purchasers
$162,362
'
•'
29,400
29,400
.
$120,256
.
$124,867
New
of
Preferred
Stock
$3,090,451-* $3,818,255
160, p.
1634.
,
Montgomery Ward & Co.—October Sales—
1944—Month—1943'
Period End. Oct. 31—
'Sales
1944—9 Mos.—19431
S
Shares
Boston
Granbery, Mar ache & Lord-.
Starkweather & Co,_„
900
Corp.—x_
/Kidder, Peabody /& Co—'- / 900
•
Lynch,, Pierce,
Pen-
& Beane.
ner
Agee & Leach-,
900
Sterne.
600
600
Shropshire
30o
300
300
& Co..
—
i_—__
full
.p.
redemption price, plus accrued interest to Dec. 9,
.1972. - '•■
'■■)
;../•■
1944,—V, 160,
,,
The
directors
on
Nov.
8
declared
a
dividend
of
20 cents
per
share
year-end' extra dividend of 15 cents per share on the outstanding
$2.50 par value common stock, payable'Dec. 5 to holders of record
•Nov. 24.
This compares with three quarterly dividends of-25 cents
each paid during the first nine months of 1944 on the smaller number
of common shares'outstanding before payment of the stock dividend
a
authorized
rate
in
September,
of'one-sixth
common'stock'on
of
a
1944,
This
share of
stock
distribution
was
at
the
preferred stock and one-half share of
each .share" of
common
stock
previously owned."
cash dividend of
'HV.w on the $50. par value S'/o cumulative preferred stock, payable
Jan. 1 to holders .of record Dec. 15.—V. 160, p. 1739,
The
directors' also
declared
$7,883,198
1944—1,0 Mos.—1943,
$6,998,257 $67,3.5^,543 $63,770,891
October,
1944, the company had in operation: 207 < stores,
against 206 in the, same month last year.—V. • 160,
1634..
.In
Mutual Life Insurance Co. of New
Mojud Hosiery Co., Inc.—Year-End Common Dividend
and
1944—Month—1943 "
Sales—*.
-
Outstanding 3 3A% Bonds-for Redemption—
the
•
..
an
initial
quarterly
$'
/
•
•■'■.'
outstanding first mortgage 3%%/bonds, due 1961, nave
been called for redemption on Dec, 9, 1944, at 104 Mj and interest.
Payment will be made at The First National Bank of Mobile, trustee,
Mobile. Ala.
••*
: )•
/
'
Holders- may surrender, these, bonds at. any time and receive the
of
1634.
Period End. Oct. 31—
600
"
All
■
(G. C.) Murphy Co.—October Sales Up 1-2.65%—
60o
.
Clement, A, Evans & Co., Inc.
„
160, p.
'
70,475,Oil,' 60,646,535 466,668,975 464,712,936
—
—
-
Shares
First
206,037
■
-
—V.
Merrill
529,495
'
Balance
(
.The
1,849,495
,
/
•-'
_x/_—'
for
/
1944—12 Mos.—1943
6,264
Int.
38,161
$598,620 :
-
pro¬
4.90% )
Calls
Metropolitan Edison Co.—Redeems Preferred Stocks—
The
:*
no
Gross income _—$453,390
.
*
Corp.—-Participating Dividend—
Tfhe directors on Nov. 4 declared a participating dividend of 20 cents
per, share and the usual quarterly dividend of 8iy4 cents per share on
the"preference stock, par $15, and a dividend of.20 cents per share
.oh .the .common stock,,par 25 cents, all payable Dec. 1 to holders of.
record Nov. 20.
A participating dividend of 10 cents on the preference
and a dividend of the same amount on. the common slock were paid
on
11,374,032
15,676,796
$447,126
revs._
Other int. & deductions
$255,269
56,936
;The Robinson-Humphrey' Co.
.Equitable Securities Corp.—
Metal Textile
•
,
629.
p.
oper.
Other income; (net)
z
$64,793
property requisitioned in 1942,
;
: .
\
/ ^.'The/ quarter pf -1943/is stated on "basis of adjusted figures after
provision for < recapture. due War Shipping Administration.—V. J60,
,
.
;
T2.416.940
$1,600,385 ...$1,768,488 $21,710,347 $21,628,921
437,290.
556,196
6,025,770
5,749,61-5
414,423
377,375
5,635,218
4,824,487
135,148,
.157,958
1,580,110
1,777,745
___
taxes
42,000
42,000
405,940
,
-
—
on
After depreciation and recapture due .War Shipping Administration
(for quarters of 1944. and 1943-bnly) but before Federal taxes.
,
Net
if,.
41,949
Net income
•
/
11,000,000
12,675,560
1944-r-Month—1943
prop.' retirement & de-pletion reserves
-V.
$106,742
income &
profits taxes..
does
'
-
^
42,000
Net incomeT—' $653,855
Federal
Bal.
excess
1944
equal amount
/-■
$297,269
$421,987"
$640,620
-
-
/
in
(Shares of
•
by'employees
; .Other, taxes
.48,527
21,708;
8,294
;
.$645,593
.
Fed, excess profits taxes.
■
Drl,664
$689,974
296,239
4,082
$342,149
.....
income
5,000,000
11,000,000
16,485,480
-
statement
advanced
Operating revenues
Operating expenses
,
Net
'Annual
Net
'•
5,000,000
stock
12,755,533
$12,256,373
cash and bonds of
Int.
1941
..
536,072
5,000,000
Montana Power Co. ■(& Subs.)—Earnings-—
other profit
and loss ,trans.
;
$324,310
49,714
$310,342
62,871
_______
'•'Net income fromopers.
1942
■
deducting
Note—This
■
..
$252,325
$404,483
$637,299-
$702,141
'x—'
Balance
Transportation Co.—Earnings—-
96l"i58
4,029,304
692,605
/_/../')»
$100 per share).
the
,
u_.__$108,372,903 $100,300,884
/After
r funds
4,313,406
shares, par $10)...
U. S- Treasury tax notes,
of
.
28,066,959
'5,000,000
Total
j
,
preferred
(1,267,556
surplus x;/—
..'.Earned" surplus'
.
i'1943
1,074,305
31,973,905
—..U.,
series C
stock
417,061
445.000
/....j..;
B
t$4 cumuh div.
z
5,107,851
>
—_
Annual int. on proposed
1944
A—*.:
$714,3i2
5,296,270
for
Period End. Sept. 30—
1942
6,286
Sundry int.," etc:/income
;
,
Quar. End. Sept, 30—
Total revenues
$580,710
1,080,129
pens|ons;L_,—
/ Minority interests-in subsidiary companies./
1
$5.50 cumulative dividend pref. stock—
-
$2,078,606
$1,368,506
1,674,123: /1,11-6,261
1,922,772
$694,796
Othey income; (net)/--,-
ad¬
is possible at this time,
*.•"
"The outlook for the balance of the year depends, to a considerable
extent, on progress of the war. We are actively getting on with plans
for post-war."—v, 160, p. 1527.
Miners
income tax liability:
Reserves for deprec., amort, and obsolescence
r
terminated
come
&
824,452
.
.$108,372,903 $100,300,834
"
revenues—
-Net oper.
airplane contract; (pre¬
viously referred "to-in''-our-reports),"although no estimate of the out¬
Merchants
—■
Accounts payable and accruals-———.
; Dividends payable.
)
Deposits for refundable containers
Calendar Years
—L-
Operating revenues
Oper. rev. deducts/^./.
•
.
settlement
1
processes—
charges
estimated
"Net
..
.
12 Mos. End.
.v.)
fourth
Corp.) was
Pro Forma.Earnings„
.
$0.76
-
U, S.-Mengel Plywoods,
tat.Louisville, Atlanta and Jacksonville/.
903,423
1,830,200
63,134,349
*1
518,434.
_
,
,,// Capitalization Giving Effect to Present Financing ;'
i.";-Lr/-.
: / ■- -'..V;//
•;
Authorized Outstand'g
; 1st mtge/' .bonds, 3%
series,- due 1964_^__-.'_—
Unlimited $1,400,000
4.90^ r-,cum;/pfd.: stock'($100. par)-,(shares)^
^ / .6,000
6,000
Common ( stock (no/par) /(shares)/—/)—-—-— " '5,000
5,000^
$438,409
$1.20
cost
at
-
<1,024,000
$622,176
,
Notes of subsidiaries payable to banks_„___.
,
•
z
tax
and. deposits-977,248
refunds; ■ est—
2,597,147
.--L:
———
66,836,461
Liabilities—
•
United . Gas/Pipe tBine ,Co/, a non-affiliated, company,. The area served
) is located'in'.Mobile (County...Alabama,* which h^s an estimated, popula-.
1
company
companies,
receivables
'Total
1
,
Net profit.
k
and
.1
approximately 225,000/ " v
.
;
subsidiary
associated
income
Deferred
'*
tion of
in
)
Sept. 30,'44 Dec. 31,'43
$12,793,319 $12,217,241
205,656
1,000,000
9,637,697
7,809,500
12,965,596
11,352,410
729,413
729,413
805,914
805,914
reservesu/
Property
company's; indenture of
issued under the
be
reserves—
.
British
investments,
Post-war
The bonds will not be offered publicly.
arc to
less
(less
in
'
bubsidiary Company)
/)//«.
secui'ities—*,
Investments
,
?
55,000)
•
/
.,
'
;
Inventoides
Privately—An issue of $1,400,000 first
required.
"
Receivables,
(!)
1944—9 Mos—1943
1943
'
Consolidated Balance Sheet
(Excluding British
Assets—
Purpose—The. proceeds to be received by the cohipany from the sa|e
and the.pew preferred stock,., aggregatihg $2,006,734,
together: with'$116,266 general funds, will be applied 'as follows: *
$7,058,619 $18,944,979 $20,853,720
520,777
2,336,176
1,462,409
556,000
inc.
Excess) profits
*
833,762
'
tl
Cash
of thenew. bonds
V.':.',"*-:'.-:
1944—3 Mos
,
"
-
.
$6,497,970
$452,845
.
mortgage;dated'as pf/Dec/i, 1941; a?...supplemented and modified by a
first supplemental indenture .dated as^ of Oct. 1, 1944. * ;
•
'.
$26,788
'
bid of 100.516.
The
explained that his 'flying boat terminals are 'intended
heavy air traffic. - He pointed out that in
ports of call having light traffic, even barges can be used to load
and unload
th>e vessels.
One version of his horseshoe , tug is de¬
signed to form a la'nding. and traffic-handling stage - in ' light-traffic
ports^V. 160, p. 1631.
; '• V":
^
t'
and obsolescence for the nine
$3,979,216 in 1944; $4,199,772 in 1943; $3,093,640
No refunds were
248,316
/!'/./'$31,028
"
bid of 100.25988.
hangers.
—
20,693
,
mortgage bonds, 3% series due 1964, was awarded the
Massachusetts Mutual Life Insurance Co. on Nov. 1 on .a
Martin
Period End. Sept. 30—
,20,693
/
•
1528.
Sale of Bonds
only for large cities with
Profit before taxes
i
/dividends
160. p.
a
on
,
Net: sales
$350,942
289,352
($100 par) preferred stock at $104 a jshare. The offering
group was awarded the issue at-competitive sale Nov. l
•
\
$701,161
Boston Corp. headed an underwriting group
which offered Nov. 3 6,000 shares of 4.90% cumulative
//"'.■'
'/ Mengei Co.—Earnings—
$599,258
248,316
$47,481
$51,721-
Mobile Gas Service Corp.—Preferred Stock Offered—
Post-War Terminal Plans—:
Mr,
to
$2.76 a common
§After deductii^g
1942; $2,416,603 in 1941,
Renegotiation of the war contracts of company and its subsidiaries,
excepting New England Alcohol Co., for "the year 1942, has been con¬
The First
//Designs for highTtraffic flying -boat terminals for large cities/based
the belief that seaplanes offer America a quick advantage in world
trade immediately after'the war, were released on Nov. 5 by Glenn
L-' Martin, President.
The plans were developed by engineers of the
company which introduced the first transoceanic commercial aircraft,
the China Clippers, a decade ago and which manufactures the Mars
Transports, largest flying ships in the world.
As an integral part of the plan, Mr.; Martin exhibited the design
for a unique horseshoe-shaped - tug of high maneuverability for, the
handling of the flying; vessels in Congested' harbor waters and in
docking the winged leviathans.
'
'
f
It, was stated that the Martin terminals would be relatively inex¬
pensive, and would require no great area of land,; but would, use pnly
a
modest strip of • harbor shoreline: for its: terminal building and
service
amounted
months
$990,513
Government
on
v
provision for depreciation
Note—The
cluded."
Preferred
•
the
company's capital surplus account."
$870,725271,467
23,355
19,524
.
Net income
received
so
to
4s / other / deducs.—
Int.
is being charged against income, and will
company's stock account to the extent of $1 per
share, such amount being the par value of each share of such stock.
The balance of the consideration so received will be credited to the
be
;Gross^.income
-
•-
by the mean between ■> the, highest price and the lowest
which sales of the company's common shares are reported
consideration
2,510,751
445,500
1,345,805;
:
$4,936,579
$3.57
$3,933,838
"*.$2.65
in
established
price at
for; taxe's/—^
Provision
/
/'; Balance"
issuance' thereof
of
time
37,750
$4,107,908
$2.77
$2.32
.
/ Adjusted
.
$5,292,569
3,251,307
452,250
Gross- revenue
<
...
net earnings for the 1942 ;period were
share.
$After deducting post-war credit of $702,715.
$860,000 allocated to Government fees.
1944—12 Mos—1943
1944—Month—1943
Period End) Sept. 30—
Operating -..expenses. '../
Prov.' for deprec,—:
„
/
.
$3,574,156
surplus—-
Earnings per com. share
Mississippi Power Co.—Earnings;
tyansf/tp'
Net income
,
t
,
$769,678; $1,249,500
-Balance
.
fair
subsidiary, companies*
.
$3,784,172
1,566.988
70,878
In ton/ mo rtgage,
(& Subs.)—Earnings-^-
American
9 Mos. End. Sept. 30—
1944
■
1943
1942
1941'
$63,334,803 $61,244,282 $50,269,773 $46,733,301
Net. sales.——
Cost of goods sold-.
46.281.007
44,368,754
33,484,275
30,422.240
4,500,991'
Selling. & admin, exps.3,743,135
3,507,716 ' 3,357,534
Research expenses
1,587,169
1,548,662
1,249,849 ; 4,074,095
'
11,632
.
,
(Incl,
750,000
.
■
709'
.
4; Gross' .income
-
*
Staff Changes—
Oliver
President
M,
of
•
■•
•
,!
as
•
York—Hakes Three
-
-
"V.
Whipple,- Second
the
company
Vice-President; has been elected Viceand Manager of Securities Investment, ac¬
cording to an announcement by Lewis W. Douglas, President.
Stuart
Silloway, Treasurer, has been promoted to the position of Second
and Assistant Manager of Securities Investment, and
P.
Vice-President
Dwight S. Beebe, Vice-President, will take over the additional duties
of Treasurer, and has been named Vice-President and Treasurer.
Mr. Whipple's new duties became effective; Nov. I, while those of
Silloway and Beebe will take effect oh Dec. 1.
In connection
changes, Mr. Douglas said the supervision of the
banking relationships will be a function of the securities
investment department.—V, 160, p. 1865.
Messrs.
'with
these personnel
company's
Mutual
Telephone Co., Honolulu
—
Capital Stqck Offered Stockholders-/The stockholders of record Sept. 1
'for
100,000
one
share
Full
shares
for
;
given the' right to subscribe
at par ($10) in the ratio of
Rights expired Nov. 1. 1944.
were
of common stock
each five s^a^es held.
shares
100,000 Shares of
representing fractional Interest and also shares called for
Honolulu
in
on
at
before
or
not
are
9 Mos. End.
an
after all the expenses of the auction sale
will he distributed pro rata to the stock¬
whose fractional interests are disposed of
and to the holders of unexercised warrants.
There is no underwriting
in connection with this offering.
,
.
' •
share
Sept.
Net
the
'
for
;■
$5,171,000. *t
total"of
a
;
Total
.
;
bomifi'on "stbek
(par
1st, tpitge, /bonds, series A, 4%) due
1971%—$3,000,000
4%,
B,
1st,
:
series
1964.
bonds,
1964
mtge,
July
15,
"On
May
1944
31,
the
of
amount
p.
having
company's
series
1
9 Months Ended
Operating expenses
—
v———
$2,050,780
'§535,830
,433,849
.251,536
$3,597,361
$3,709,856
27,603
$2,302,316
Total'
Interest'
Federal
for
income
2,650,700
37,720
37,693
4~245
10,017
2,462,000
38,470
taxes-
of intangibles——
Amortization
interest
Minority
45,331
—
__
—
Miscellaneous
'
*"
2,919
—————
26,247
V.
income
Net
$993,201
$989,587
f$1.87
.
537,889
..
1
The preference
Nine Months Ended
Salaries and
post-war refund of excess
Motor coaches owned
v
1944
""
1,435
————-
-■
•
The
share
directors
the
on
Nov.
on
common
Nov.
A
20.
V.
160,
.
7-year
Payment, Will
Broadway,
be
-V.
National Gypsum Co.
Period End. sept. 30—
returns
160, p. 1972.
$6,412,253
gen,
exp.
!;
$16,105,528
4,036,069. ..14,284,539 H 1,754,527
740,423
720,529
256,291
720,553
2,157,211
2,156,287
$1,474,185
$507,323
$1,297,059
77,205
78,612
261,550
237,895
income—'JlAtU' % $480,820
$585,935
$1,558,609
$1,712,080
—.
i—i.
—
debt
45,360
income
and
•
-
48,053
-140,853
v-
fecdtifi1"-'-" 'H ;7,050
Prov. for doubtful
15,769
20,557
126
3,145
54,644
Miscellaneous deducts.—
excess
.
-
•
'
148,798
45,685
31,771
.
i,noA&00
275,600
628,100
799,800
$714,455
$686,026
$0.36
$0.35
tax^Sj-j
■if.T
———|.'i—
inc.
Prov.
fr.
for
divs.
-
a
„I—_J„
$2,667,515
Net profit per share— „
J$1.21
Net
profit
♦After
but
on
—^
deducting
before
taxes
shares.—V.
cost
depreciation
income.
160.
p.
1944—9 Mos.—1943
of
and
iBased
631.
10.739,161
1,295',284
t$1.45
.
18,400,000
$8,086,974
$3,199,612
:
10,103.144
1.316,835
14,150,000
3,667,568
436,746
6,325,000
3,752,432
429,269
4.425,000
charges
Prov. for Fed.
$8,418,477
;,i$3.66
t$3.8l
i
sales, selling and general expenses, etc.,
depletion, interest charges and Federal
2,206.267 shares,
j Based on 2,206,392
on
> -
■
.
1
■
.
/
•' -
%•
.
■
' S
.
income——
7,556,422
(net)——
Drl25,104
9,409,359 ♦ 33,036,327 33,791,117
Dr345,386 Crl,093,732 Drl.211,426
oper.
Total
income—
net
9,063,973
943,870
991,846
6,319,500
—
>
34,130,059
3,825,466
-
32,579,691
4,412,605
18,072,127 130,30^593 +28,167,086
" 6,319,5,00 '26,331,£30 25.278,000
^2,889,086
r—167,948 ,1,752,627 " 3,973,343
of excess profits tax credit of 10%,
Balance
♦After
6,487,448
income.r —
Div idcncUi.
■'
7,431,318
—_
deductions.—<
Total
-
j
64,102,423 265,547,954 250.133,465
40,478,404 162,954,000 156,709,722
14,214,660 69,557,627,' 59,632,626
Net
will redeem
Stock to be
Nov. 15.—
-
1944—12»Mos.—1943'
•
■j
j
revenues--—
Other income
deduction
fNet* income in the three months ended Sept. 30,*1943, was increased
by about $1,500,000 due to a reduction in Federal income and excess
Inc.—October Sales-
profits
1944—Month—1943
1944—10 Mos.—1943 «
$3,317,028 $28,660,315 $28,457,047
taxes resulting from sales of certain assets,
increased net income in the 12 months ended
ductions
Similar tax re¬
Sept. 30, 1944,
the 12 months ended Sept. 30, 1943, bv about
$1,700,000. .Also, net income in the 12 months ended -Sept. 30, 1944,
was
increased
by
about $2,000,000 through the receipt of. special
dividends from'a subsidiary.—V. 160, p. 1635,
,
.
by about $900,000 and in
;
.
1944—3 Mos.—1943
30—
'/•
Co.^—Income Statement-
66,207,589
expenses41,958,975
♦Operating
taxes——
16,692,192
Operating
Operating
;
.
*••'.'
Association—Output—
ended Nov,
week
England Power
Association
decrease* of
Association—Output Off 0.51%—
ON Public
1.23%-.—'V.: 1G0,M>?. 1972.
-
New
service Co, of New
York Water Service
on
the
.
Corp.—Net Worth of Stock—
Newmont Mining
Estimated Net Worth Per Share,
securities and all other net quick assets-,
corporations listed (at market i
(at marketi
)
notes of" non-listed corporations and other
Stocks of British
•fShares
"The industrial securities
and Androscoggin Mills,
Hill Manufacturing Co., York Manufacturing Co., Edwards Manufac¬
turing Co., Maine Seaboard Paper Co; and Keyes Fibre Co.
The com¬
mon
stock of the utilities and of Industries, Inc., will be distributed
,60% to the holders of Nepsco prior lien stock, 32Vz'% to the holders
of plain preferred and
to the holders of common stock. *;
The $7 series of preferred stock will receive l/10th more than the
$6 series, includhig the "adjustment series as a $7 series within the
clftss of plain' preferred? ^
•*
•
.
* ■
*
' *
and
Total
has asked the
enforce the plan.
Commission to request a
:
.
—u.,.
.
9-49
,
.
$45.08
provision
all
for
including
taxes
income and excess
profits
income to Sept. 30, .1944.
taxes on
tFair Value as
fixed by directors.-—V; 160, p., 435.
Newport News Shipbuilding &
Cost of Work Performed—
ed
Dry Dock Co.—Record¬
•
13 Weeks Ended
•
.
}
r>r
—
39 Weeks Ended.-—
*
Sept. 25. '44 Sept. 27, '43 Sept; 25;'44 Sept.
;
New
ship
-2,430,000
.
other
&
1,417,000
work
Totals
32,561,000
—
-V.-160, p.
34,650,000
906,000
'43
89,848,000 101,"64:1,000
5,111,000%. 2,276,000
&
turbines
Hydraulic
access.
28,714,000
construction.^
Ship repairs & con vers.
Federal Court
•• '.
plan provides for various adjustments in the capital structure
plant-accounts of the-textile mills to-place them in sound finan¬
condition.
Distribution of portfolio stocks to Nepsco stockholders
be effected as it exists after the recapitalization of the' industrials
26.04
1.58
-
♦After
$7,97
,
.
corporations, listed
undertakings—-L—
,
"T;
;
;C!ose of Business Sept. 30, 1944
,+Cash, Government
Hampshire and 39.85% of the common
Vermont Public Service Co.
Bates Manufacturing CO;
.
company's petition for permission to issue 46,532
shares of new common stock incident to its reorganization have been
adjourned to Nov. 16 by the New York Public Service Commission.
•—V; 160; p, 632. '; • *.
■'
,. . v
Hearings
holdings in
company
Corp.—Hearing Nov* 16—
Stocks of U. S. & Canadian
England Public Service
of Central
include
■
reports number of
Co.—Files Amend/Plan
The company has filed an amended reorganization 'plan; with SEC
to replace the original plan filed in December, 1941.
The; amended
plan provides for distribution to stockholders of the company's entire
stock interest in three public utility subsidiaries and in New England
Industries, Inc., which controls textile • and paper mills.
As a final
Step in the plan Nepsco would merge into New England Industries.
The directly owned utility holdings comprise 99.89% of the com¬
mon stock of Central Maine Power Co.,
100% of the common stock
•and
$11,274,216 $13,628,92.6 $34,265,419 $38,238,456
inc. taxes
Interest
.
and
"
kilowatt hours available for its
territory for the week ended Now. 4, 1944, at 64,707,430 compared With
65,036,705 for the week ended Nov. 6, 1943, a decrease of 0.51%,
Comparable figure for: the week-ended Oct. 28, 1944, was 64,053,633,
cial
will
deprec, & depl.
■.
.
'
plans for future financing,
advantages to be :derived
to justify our granting' the
1,536,000
3,932,000
5,936,000
37,092,000 100,895,000 107,849,000
1740,
The
(& Subs.)—Earnings-
and
opers.
int.
New
The
1944—3 Mos.—1943
Period End. Sept. 30—
"'Profit from
the
The
to
National Steel Corp.
authority
Interest
,
$243,368
$219,684
$0.13
Earnings, per coni. shr'._
*
$0.10
-V. 160, p. 731 and 570; V. 159, p. 1976.
profits,
Net profit
.
%!
,
proposals herein are sufficient
sought.—V, 160, p. 1865.*
the
from
in
$136,300
12,806,003 kwh.
stock
Int. & exp. on fund,
%
England Gas & Electric
New
xu
.
Fed.
'•
$403,615
profit
Operating
Other income
Total,
w
$5,520,236 $18,479,232
253,785
732,989
depl. ft deprec.
Sell,, admin. &
.
'
1944—9 Mos.'—1943
1944—3 Mos.—1943
allowances
ft
for
V:
(& Bubs.)—Earnings-
.Cost of goods sold—" 5,021,864
Prov.
'
le^s discts.",
Gross sales,
•
redemption on Dec. 5, next, $5,000,000
sinking fund debentures at 102 and int.
New "York" Trust' Co.,trustee,
100
at
made
of
be
to
savings
'
,
_
the
York,' N. Y.-
New
credit
other
for
now passing upon the applicant's
of-the opinion that the immediate
are
we
$766,556
$0.69
3, this Association reports electric output
This is an increase of 96,368 kwh„ or .76% above
production of 12,709,635 kwh,- for the corresponding week a year ago.
Gas output for the Nov, 3 week is reported at 130,892,000 cu. ft),
an increase of 7,656,000 cu. ft., or 5.85%
above production of 123,236,000 cu. ft. in the corresponding week a year ago.—V., 160,. p. 1865.
For
of
for
2lU
$0.68
banks* and
way
any
1,661,000
$769,421
$0.70,
$727,402
46
stated, this is to> be an initial step; jn a program
refinancing a part of the applicant's" outstanding
debt. In addition to the. $15,188,000 of extended first-ipprtgage 3 Vz'./»
bonds to be retired, the applicant's funded, debt also Includes $6,500,000
of first-mortgage 4% bonds of the Toledo, .St. Loyis, & ..Western RR.,
due April. 1, 1950, which are. redeemable on any interest,,date upon
6
months' notice at par and accrued interest, 'and $26,058,000 of
refunding-mortgage 5Vs'/t bonds, series A, due April 1, 1974, which
are
redeemable on any interest date,, upom 60 days' notice, at 107 ?/2
and accrued interest.
The program contemplates the redemption of
these bonds and the creation of a new series of refunding-mortgage
bonds which, the applicant believes,• can be issued at more favorable
interest rates than those borne by the outstanding bonds. This belief
is
based
upon
the favorable market conditions now prevailing and
the fact that the new refunding-mortgage bonds when issued would
be
a
first lien
upon
all the applicant's railroad properties.
It (is
pointed out that after the. retirement of the extended first-mprtgage
3¥2%
bonds; the applicant's funded debt, exclusive
equipment
obligations, will be reduced to $102,433,000 as of the end of the
current year/ representing a reduction of $48,654,000.in funded debt
since Jan. 1, 1937.
The interest payable at the rate' of - 3%% on
the
outstanding $15,188,000 of bonds amounts
to $531,580 a year,
while the interest to be paid on the proposed note -at 1.745%
wjll
be $174,500 for the first year and decreasing as the note is curtailed
each year, representing a reduction in interest initially of $357,080
a
year.
The premium on the bonds to be redeemed at 1%
will
amount to $151,880.
While it, is not to be construed that we are in
$3,440,023
160, p. 1529,.
New
Producls Corp.—Calls Debentures—r
called
been
have
by
New York Telephone
„
..
outstanding
to
v
bidder
and copied of
corporations -or
published
has not furnished an estimate of
the proposed, transaction.
...'■ ;
applicant
contemplated
'
each on March 10 and June 10. 1944.
Payments- in 1943 were as -follows:
April l and July 1, 20 cents each;,
Oct. 1, 25 cents, and Dec, 15; 25 cents% plus an extra of 10 cents.-^
V, 160;. p. 1972. ,:■>
'
■
; •%. %
-r% ...
There
./■
period End. Oct. 31—
Sept. li, last, as against 25 cents
of
'
834. *
p.
Sales,—;——.
stock, no par value,-payable Dec. 11 to holders
similar-distribution was made on this issue on
^National Distillers
% ;
share_w._:,—-
Neisner Brothers,
147,349,367
27
regular dividend of 30 cents per
a
i-J———
482,000)
1,287,000)
corporation on Nov. 3 announced that on Jan. 1 it
3,800 shares of its first preferred stock at $86 a share.
redeemed will be drawn by lot from holdings of record
Corp.—30-Cent Dividend—
declared
2
profits tax——j..
excess
Partial Redemption—
—V.
of record
sent
were
were
.
which'
previously
As
$2,427,556
$2,538,421
$2,521,402
431,000
1,363,000
_
to
be
,
.
rate1 at1
lowest'
$10,000,000
*1942
The
2,201
-
National Dairy Products
foV "the
of
loan
Period End. Sept.
after charges-
earnings,
promis¬
a
response
"
y*Adjusted figures.
tNot ".'including post-war
$128,700 in 1943, and $115,600 in 1942,
■
37,890,141
33,254,436
operated——
^
carried—
% 254,985,737 209,675,158
properties operated—: 31 - :
28
160,'p. 1188.
'•
—V.
In
The
1944,
$652,353
• 1,071
28,185,783
1,191
of
Number
;
profits
$2,976,990
miles
Revenue
Revenue passenger
bonds, series C
bids
fcr
the
accomplished
;
1943
1944
Ended Sept. 30—
Earnings per common
•
..
issue
to this solicitation 3 bids were received, the most
designating an interest rate of-1.745% per annum,
submitted by the Manufacturers Trust Co.,
of New York City,
has been accepted. :
.
; ,% '
:
%
and
Corp.—Earnings-
t Bala nee
1942
1943
$5,647,270 l$4,375,947
3,293
':
2,730
$1,080,354
$829,392
income-
Federal
than
other
Taxes
'V
(a)
report/of .the,Commission ^tates,in part:
advertisement
was
stock (6% series), $6,468,-
1529.
p.
Federal
stock was called for redemption on Aug. I, 1944.
Sept%SG--%"
paid—
Approximate number of employees-.
wages
to
refunding-mortgage 4%%
the
prior preferred stock
adjustments, $1,200,000;
$22,640,400; prior preferred
.
favorable of which,
$6,210,628; accrued taxes, 'wages, in¬
for Federal, State and foreign income
Federal and State income taxes—_
ton the
shares,
Note—No credit has been taken for
taxes.
payable,
.
for not exceeding $10,000,000, to be delivered
evidence a loan for a like amount, the proceeds to
or
Advertisements
10-year preference
Nehi
1$2.05
share____,^____
basis of
the
,
30, 4944
'
;
$2,701,078;- reserve
series),
9 Months
$749,659
*'$1.64
—
basis of. 420,600 shares.
-ton the basis of. -200,000 shares.
§Other income for 1944 includes
$212,659
income from investments and $170,050 capital
gain' 011
securities Called or sold.
%••
'
aOn
etc.,
160,
Total
Earns, per common
;
55.439
-
—
$82,517,736.
Notes Author¬
•
authorized the company to
21
of
notes
note
1,478,700
income l—„—
Prov.
'
$3,061,530% $3,276,007
;
I
Balance
Other
and outstand¬
1944.—-V.' 160,
...
—*
:
2,248,954
3,867,307
St. Louis
•
on-Oct.
the listing of 89,000,-
applied to the redemption of outstanding bonds; and ibl to pledge
and repledge, as'collateral therefor, all or any part of $16,464,000 of
300,000
3,325,013
Co^- -Listing of Bonds and
"series due 1974;*and'*30;000 shares
series (par $100).—V. 160, p. 834/
3%
York, Chicago &
payee
the
stock, $11,181,480; common stock (par $10),,
$11,549,280; earned Surplus,* $8,599,995; total, $82,517,736.
Notes—The book inventories at'Sept. 30. 1944, are stated after de¬
ducting progress payments of $815,480 and are priced on the basis of
costs, cost standards or market, whichever is lower, except in respect
of certain items of resale merchandise and tubular products, which are
priced on the basis of "lafit-in, first-out." There are included in inven¬
tories materials at a cost value of $2,586,382 applicable to cancelled
war contracts.
,..<,% '
s"
The 1944 provision of $14,510,000 for Federal, Stat% and foreign in¬
come and excess profits
taxes and renegotiation of profits under the
Federal Renegotiation Act is necessarily an estimate, but is considered
adequate to cover the income and excess profits tax liability (domestic
and "foreign) and such refund as-may. be required by the Navy Price
Adjustment Board when finally .determined.
For the year 1943 the
company agreed with the Navy Price - Adjustment Board to a refund
under the Renegotiation Act of $5,602,056, of which
$4,201,542 was
paid on Sept. 21, 1944, ..and the. balance is payable on or before. Dec.
15, 1944. < The net cost of this total refund, after taking Federal
and States taxes on income .'into consideration, amounted, to $987,746
and was adequately provided for in the accounts at Dec. 31, 1943.
At Sept. 30, 1944, dividends on the $2 10-year preference stock were
in arrears in the amount of $6.50 per share, a total of $1,816,990.—
1944 :
1943— . 1942
$13,972,326 $11,612,055 $7,943,010
10,910,796 - 8,336,048
5,892,230
Sept. 30—
Operating income
■
bohds,
preferred stock, 4%
The ICC
sory
6.025,000
13,430,000
14,510,000
reserve
801; reserve for post-war
••
17,747'shares.-—V. 160, p;'987.
Stock Exchange has authorized
York
mortgage
New
firms.
(less
supplies
(SVz'/c
interest1
stock
public minority
ized—
'
profit——u.-
net
.
resale
700; $2
(& "Subs.)—-Earnings—
National City Lines, Inc.
2,692
foreign
profits taxes and renegotiation of profits under Federal Re¬
Act (less U. S. Treasury Notes—tax series, $10,849,180),
$8,030,374; 10-year 2%% note payable serially 1944 to 1952, $2,750,000;
Reserves for insurance, service, adjustments and miscellaneous, $1,185,-
,
;.'•••••
-:
73,304
::
173,023
75,789
5,108
••
negotiation
t
been
834.-
7,063
187,500
1,158,184
L506.848
25,711
—
_
and
prof., taxes and Irene-
Liabilities—Accounts
..
several
the
between
:
would
total,
bonds.
C
State
first
cumulative
for inventories of $2,027,152); $34,084,217;
investments and other assets, $3,494,904; fixed assets (less reserve for
depreciation of $14,529,877), $14,832,147; facilities acquired in the in¬
terest of National Defense during the Emergency Period (less amortiza¬
tion
thereon
of
$1,867,615), $2,214,312;
deferred charges, $240,692;
'
4,000,000
$3,000,000 series C bonds are now issued
issued by the company on July 15,!i
JAM of the
ing,
"1,446,478
;
The New
000
doubtful, notes and accounts of $1,028,140), $15,713,321; inventories
merchandise, finished goods, work in process, raw materials
for
$3,000,000 first mortgage bonds,
on
July 15, 1944.
$186,000 of
the
of
cancelled
Stock—
accounts receivable (less reserve
and
series A, wpre retired
series A bonds were
redeemed on July 15, 1944 and the remaining $2,814,000 of series A
bonds: represents
the amount of series A bonds which were sur¬
rendered in exchange by the holders thereof for ari equal principal
tAll
exc.
359,677
.
income and ex¬
Assets—Cash, $10,156,360; notes and
of
allocation
.
recapitalization Industries, Inc., will1 have outstanding"96Cof new common stock, of which Nepsco Will hold 944,172
shares
The
terest,
capital stock are now being offered.
and
Fed.,
■
Consolidated Balance Sheet,
None
stockholders increased the authorized capital
to $6,000,000.
The additional 100,000 shares
$5,000,000
stock, from
32,835
debt—„—_
—_————
Consolidated
,
small
a
shares and minority. Interest
and excess
due
4%,
D,
3,076
funded
gotiation of profits under Federal
'Renegotiation Law
Prov. for post-war adjustments-——
1,000.000
'3,000,000
—
—
■<" 73,998
for
&
,
158,914
Miscellaneous deductions
Hltlrtft
mtgiA. KnnHc'
bonds,
15,
114,297
Prov. for retirement annuities^—•
+$3,000,000
due '
1972—.1,000,000
cf-r!pc
series f! 11/. %, Hup'
C, 314
du^'
Apg: .'15,
of
series
bonds,
'm^ge.
555,164
54,687
(other)
inc.
an
,
New Jersey Power & Light
profits taxesp ——
Loss on dispos.- of cap. assets-:
capitalization of the
' '''"%'" ■%'.• ""J". ""
\ ■
,
600,115
on
Prov.
propose
1,207,793
cess
"Authorized
Outstanding
$10) ;L——' yi *500,000 shs.% t': 500,000 shs.,
;
July
1,091,004
is
After its
919
_—i—
(other than
Taxes
the funded debt and
of May 31, 1944:
company as
st
1st
11,445,278
1,029,325
Interest
-
1st
20,650,754
depreciation—
amort, on facil. acquired
Interest
estimated
The following table shotys*
■
11,159.140
286,138
int. of Natl. Defense———
in the
application Of the proceeds from the sale of the stock it
that current depreciation charges during the period will
approximately $2,000,000 and that an additional $2,000,000
will be provided by future financing as the funds are required. , It is
anticipated that a substantial part of such future financing will be
effected through -the.sale:.of bonds. ...
«,.
■' , - >•
•
Company' is a public. utility furnishing telephone service
on the
Islands of Oahu, . Hawaii,
Maui, Kauai and Molokai, Territory., of
Hawaii, and radiotelephone service between said islands and certain
ships at sea, and also wireless telegraph service between the Islands of
Oahu, - Lanab t Hawaii, Maui, Kauai, and. Molokai...
Company in co¬
operation with R.C.A.- Communications, - Inc. furnishes radiotelephone
service to the radiotelephone and connecting systems of the American
Telephone & Telegraph Co. and its connecting companies throughout
the United States and of telephone systems in other countries.
The
radiotelephone sepvice. formerly ...furnished to Japan and to ships at
sea ha!S b^en
dis'c'o>rit(ihued; since Dec. 7, 1941v.' 1
Company furnishes local service in' 34 exchange areas on the five
principal islands >of the Hawaiian group.' About 83% of the telephones
owned and operated by the company are located on the Island of
Oahu.
" ■
:" •
I Capitalization and Funded Debt as of May 31, 1944
'
250,310
fcr
for
Prov.
...
provide
■
20,400,445
226,227
—
incoine
Provision,
the
After
is
21,326,601
21,552,828
——
4,454,693
to
it
in Industries,'Inc.,
and minorities of varying amounts in the five textile mills."
It is" pro¬
posed that Industries recapitalize with only one class of stock, namely
common
stock, with a* par value bf $20 per share, "Which will be issued
in exchange, for its present debt and stock.
* -
70,067,876
54,443,877
4,464,859
107,048,655
82,193,517
,5,192,863
:•
operations—.
from
income
—
said nevertheless it
be-heard,., but. .the company
to
upon
stock.
of
There
sale
*
calls
income
Other
(approximately $988,410)
capital for the purpose
of
making
replacements, improvements and betterments to plant,
which the company estimates will be heeded during the period 1944-48.
Company's expansion and improvement program for the 1944-48 period
intends to apply the proceeds
to provide additional "working
Company
from
—
expenses—1
general
and
Selling
incumbent
classes
100,390,255
126,909,719
sales———
of
Cost
1
customers———.
sales to
Net
deducted
record
of
holders
per
first
been
have
'
$10
of
excess
all'Stockholders
is
1942
1943
1944
Sept. 30—
for
Subs.)—Earnings—
National Supply Co. (&
(The)
exercised will be sold at public auction
upset price of $10 per share to the highest bidder*,
Nov.
10,
and the proceeds from the auction sale in
which
warrants
by
Monday, November 13, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
2076
refinancing the utility subsidiaries' present issues
high dividend preferred stocks.
In a
refunding by Central Maine and possibly" by the New Hamp¬
shire company it may prove desirable for Nepsco or Industries, Inc., or
both to subscribe .'for additional shares
of common stock of Central
Maine and the? New Hampshire company or both and to provide funds
for that purpose) may be desirable either to dispose of Nepsco's minor¬
ity interest in Central Vermont or to raise money from the industrial
assets through the creation of debt or otherwise, or to do both.
The plan recognizes that relative rights of the several classes of
stock will be determined by the Commission after a full opportunity
and
of
possibly
after
,.
Noma
Electric Corp.-
10 Months
Net
sales
1944
$6,759,441
-———
Note—These
.
Net Sales Show Sharp Gain—
Ended Oct. 31—
figures, do
subsidiaries.—V.
160,
p,
not include sales of
1740.
Net
loss
after
♦Before
p.
2364.
Ended Sept. 30—
charges
allowing
for
—
194"4
*$454,018
1943
$2,923,775
Canadian and British
North American Cement Corp.—Earnings—
12 Mos.
-
1943
*$317,647
profits on bonds purchased.
,
,
|
1942'"
+$130,974
fProfit.—V. 158,
\
THE COMMERCIAL &
Number 4333
Volume 160
has
SEC
The
'Co.
American
to
a
of
preferred stock and 65,684 shares of its common stock.
Capital contribution totaling $6,506,274 will be credited
chased
which
account.
•
,
each
on
1529/
"
y'-l
' : *■
Continent Utilities/;as-holder of 14,001 shares,
>
-North
would
amount
2,772,741
11,380.242
11,599,243
4,
for
in
$9,396,579
.
,81,726
$9,009,799
173,635
264,363
9 08,255
$8,101,544
$8,189,895
,*To dates of sale (less interest received by one of such
NY PA NJ Utilities Company). - (Before interest on
subsidiaries
of
..
PA
NY
Co.
;
income—1_
82,000 shs.
f656,000shs,
authorization
of
to increase
from 800,000 to
and
time.
4,
-
1944
the acquisition of the business
The common shares as shown
held in the treasury
on
completion of this financing." Such-shares are subject' to reissue
at
anv
time
and 9,572
of such shares are subject to option to a
company officer..
'
'
"
Electric Corp.).
(held by trustees-of Associated Gas &
'
of common stock in
Cleveland Tractor Co.
shares
of
assets
oiitstanding. exclude 19,572 shares reacquired and
convertible
from
to
Oct.
146,658%
and
of
Outstanding
the certificate of incorporation was amended to
effect a recapitalization of the company so as to double the number
of shares of outstanding common stock with the result; that- there
will be upon completion of the present financing, 656,000 shares
of
common
stock outstanding.
In accordance with the agreement .with
Cleveland Tractor Co. dated as of Aug. 26, 1944 company may issue
1,206,684
$1",917,677" $1,707,844
deducts,
U
,
•
certificate
the
1944.
the
series,
time
from
$8,865,064
531,5.15
$1,972,207
fBal.
.
.
Cleveland-Tractor Company;
'
:An agreement, dated as
of Aug. 26, "1944, has been entered into
1944—3 MOS".—1943
■: 1944—12 Mos.—1943
Period Bnd.JSept; 30—
between
the company and Cleveland Tractor
Co. providing, among
$983,948 > $1,351,363
$4,653,614 $5;463,999
Total income—
other things;, forr the
acquisitionv by the company of the assets of
96,652
.84,549
345,226
395,726'
General expenses' SC-HS.
Cleveland. Tractor Co. and the assumption of that company's liabilities
""1127305 —
11,273
'25,765
7,442 .
Prov. for other taxeS—_ "
(with certain: limitations).
Such agreement was approved by thestockholders of both companies on Oct. 3, 1944.
The agreement; pro¬
$874,991
$1,255,541
$4,282,623
$5,060,811:
Balance'
vides for the closing* of the transaction on Oct. 31; 1944 - but this
2,274,441
Income deductions—* ' 422,125~—526,246 * "1,918,591
date, may be postponed, in certain contingencies
up to but no later
than April 30, 1945:except by agreement .between."the parties; At the
$2,786,390"
$729,295
$2,364,032
'. Balance".
$452,866
ZV.
above
mentioned
meeting the'holders of -83.93%
of the stock of
59,927
"16,000.
7,388
Prov. for Fed. inc; taxes * '
Cleveland Tractor Co. voted to approve the agreement and the holders
of 2.09%
voted against such approval,- Under Ohio law, stockholders
^Balance of income- : *$452;866. "t; $713,295 "$2,356,644
of that company who 'did not
vote to approve the agreement are
''Before interest on convertible obligations (held byJ Associated Gas &
entitled,' by filing a written claim with the company within the period
Electric.Corp.);,-see note
7"^
of,20 days following the meeting, to secure the fair
cash value of
their- Cleveland stock in lieu of the proportion of the company's stock
Notes-—A substantial portion, of., the balance ■ of income shown in the
to be issued to Cleveland Tractor Co:
In the agreement, the company
consolidated statement is not currently available: to NY PA NJ. Utilities
reserves
the right to cancel the agreement if the holders of more
Co., principally because of t restrictions imposed by regulatory bodies .
tban 10% of-the stock'of-Cleveland Tractor Co. so demand: such
having jurisdiction.
cash payment.
Interest on convertible obligation of"NY PA NJ Utilities CO. (held by In the event the agreement is consummated, the
company agrees to deliver one share of its common stock for each
trustees of Associated Gas and'Electric Corp.) is payable out of, and '
(not exceeding 1% per annum): to' the" extent of, the "available net 1
l'/a: shares of the outstanding stock of Cleveland Tractor Co., which
would
involve
the
issuance
of
a
maximum of 146,658% shares of
income" for any calendar year,,
The "available net income" is com¬
puted after certain charges'and credits to
earned surplus. : The • the company's common stock.
amounts of interest for the'three months ended Sept. 30,
1944 and
History and, Business—Oliver Corp.
(formerly Oliver Farm Equip¬
1943 were $452,853 and $491,812, respectively, and for the 12 months
ment Co.), was
incorp. Feb. 13, 1929 in Delaware and, on April 2,
ended Sept. 30, 1944 and. 1943 .'.were $1,247,609 and $2,010,398* ;i*espcc- •
1929, acquired .the business and plants of three well-known and long
tively.
1
established manufacturers of farm equipment,, namely: Oliver Chilled
The consolidated statement does not include'the earnings of Jersey
Plow Works, whose business was originally begun about 1855; HartCentral Power & Light Co. and its subsidiary.- NY PA NJ Utilities Co.
Parr
Co.,
whose
business
was
originally begun about 1897; and
owned, at Sept. 30, 1944, approximately one-third of the outstanding
Nichols & Shepard Co., whose business was originally begun about
common
stock of Jersey Central Power & Light Co. and the company .
1848.
Subsequently, in 1929', the company' acquired the business and
and one of its subsidiaries owned approximately 85%
of the. issued
plants of American Seeding-Machine Co. and McKenzie Manufacturing
and outstanding secured debentures, 5'%
series due 1978 of National
Earnings
Only
of .Parent Company
,
"Acquisition
;
of
of
Assets
The
,
-
'
-
,
-
*
—
-
.
would receive^
.
2,846,284
$1,890,481
$2,091,312
\ ';.
.
$4,736,765 $20,305,010 $20,464,307
$2,091,312
——
NJ Utilities
capital.,
.
;
.
.
par
no
of incorporation was amended to
125,000 shares of preferred stock,
the authorized number of shares
of common stock
1,600,000.
246,000 shares of the
1,600,000 authorized shares of common stock are reserved for con¬
version of the convertible preferred stock,
which number of shares
may be increased as a result of the conversion price being adjusted
Oct.
"On
$8,924,768
85,031
Inc.
•
North Texas Co.. (& Subs.)—Earnings—
stock,
issuable
of
Balance
series A 5%%
indenture securihg its
the
25,712
..
$4,864,053
"Net inc. of subs, sold.
be- deposited- with - the trustees under. •
first lien collateral and re¬
funding gold bonds, to be used in-making ratable payments on the un- ,.
paid principal of the bonds.—V.160;-p. '1740;. ■ ', , '
■ .
' '
This
$230,876;
8,889,470
$20,200,868 $20,301,009
13,843
104,142
163,298
$4,838,341 ' $4,722,922
•
deductions
obligation
the outstanding-shares of
by paying $16,49 per share on
2,221,857
6,099,723
8,747,285
6,258,722
tOn
liquidate, and dis¬
Continent'mines; would use the proceeds to
North
stock.
1,273,691
.2,196,249
taxes__
Balance
'The application' of "the, corporation and its subsidiary,-North. Conti- •
n'ent Mimes, Inc., San-Miguel County,' Colo.,, to' sell all North Continent
mines' - claims, "buildings', -mill,' machinery,
tools-and equipment- to ■'
Union Mines'Development Corp: will be considered by the SEC at a
hearing. Nov. 15;-:
' " ; fv't1 1 *
1
Union- Mines- Development,-a wholly-owned' subsidiary of Union, Car- ;
bide-A:;Carbon--Co.; would; pay- $200,000 for. the properties and equip*. :
irient. - '
:
.-v.-.'- ,v'
'>
solve
1,356,183
subsidiary companies.
160,
.
Authorized
* 125,000 shs.
* 1,600,000 shs.
($100 par)
value
cumul. conv. pfd. stk.
4%%
Common
other
Income
Corp.—To Sell Mines—:
North Continent Utilities
«
American. common.—V..
8,589,147
8,855,120
proceeds will be used
plants including ap¬
(Giving Effect to Present Financing)
Capitalization
'
<-
and
inc.
Gross income.,
( ■ -;•/•
North
of
shares
100
2^047,710
2,097,940
income;—
income (net),—-
Other
"
...r"■ ■
.....
7,580,677
5,520,111
provide
Asks SEC to Approve Dividend—
company has asked the Securities and Exchange Commission r
approve- the
dividend recently declared by. directors, payable on
Jan.'2, 1945, to stock of record on Dec. 1 in .common stock of the ,)
Pacific Gas & Electric Co.; at- the rate- of one share of Pacific Gas
common
6,106,894
!
Operating
The
p.
1,510,283
taxes,..
for
Prov.
would be
stock
outstanding
of, transactions, all
:
by North American.''
1,571 ,819
profits
excess
,,
■.
completion
Upon
owned
;
account to common stock account,
leaving $5,434,694 in capital surplus
capital surplus
will then total $3,429,056,
from
30,318,669
7,571,105
-
Fed.
for
Prov.
Kentucky will transfer -
outstanding common shares West
number of
in
32,864,646
1,770,524
deprec.
of
plant & equip.
prop.,
shares .of
$1,071,580
! 7,763,331
1,767 241
be
proximately $1,950,000 for the modernization of foundries in its South
Bend and Charles City plants.
The balance of the proceeds will be
added to working capital.
for
Prov,
will
expects that approximately $4,500,000 of such
in the improvement and modernization of its
$21,310,318 $90,746,825 $87', 156,621
8,183 037
•_
resale
for
Maintenance
4,325 '•
pubdcly-heid 7% preferred and 214,316 shares of common
stock owned by North American.
West Kentucky proposes to call for redemption on or about Dec. 1,
1944, the 4,325 publicly-held preferred shares at $52.50 a share, plus
dividends accumulated to Jan. 1, 1945, in amount of $54.12 % a share
or a total redemption
price of $106,62% a share.
West Kentucky will
change the. stated capital represented by its
214,316 shares of common from $11 to $4 a1 share and increase the
number of common shares to 857,264.
In connection with the increase
revenues—1_ $22,010.811
(other than,
The accrued interest on these notes of approximately
paid out of other funds of the company.
Company
$1,500,000.
$5,200
Electricity and gas pur¬
We$t
stock
by
Kentucky Coal to its capital surplus account.
Subsequently, the
donated will be retired and West Kentucky will have outstanding
exps.
shown below)
the latter's outstanding 7%
shares of
115,675
Oper.
of
•
1944—12 Mos.—1943
1944—3 Mos.—1943 •
End. Sept. 30—
Operating
of North
Kentucky
hearing for Nov. 15 on the proposal
make a capital contribution to its West
set
Co.1 subsidiary
Coal
:Period
Kentucky Coal Co. Subsidiary—
West
(& Subs.)~ -Earnings—,
NY PA NJ Utilities Co.
Distribution To ;
North American Coi-rProposes Capital
-
Its
2077
FINANCIAL CHRONICLE
.
$2,726,463^
.
•-
•
.
1944—Month—1943
.Period End. Sept. 30—-
Operating revenues
$379,824
,r
65.615
Fed.
normal and surtax
Fed.
excess
61,116
781,227
548,293
24.514
25,638
296,385
291,449
20,100
r
29,073
259,048
373,257
50.900
43.400
558,540
441,369
Cr5,200
Cr6.000
Cr65,500
Cr52,000
18,672
18,844
221,274
.217,176
$39,264
$34,552
$435,984
$429,057
539
512
9.088
3,368
$39,803
$35,064
$445,072
$432,425
t380
profits
t2,150
133,582
152,300
$411,490
96.943
$380,125
tax;
Tax .savings,
C
Depreciation
,•
Operating income-—
i
income
..*■
—
income
Gross
deductions
Income
1,640,348
1,952,734
taxes
(
$4,439,692 : $3,888,950
154.638
—.*1
Maintenance-
Other
,
165.959
Operation
General
$361,261
;
1944—12 Mos—1943
»
income
$32,914-
$39,423
—av
declared
Dividends
74,910
"Savings from
—Objections to Merger Withdrawn—
Ware,
H.
John
the
/
,
-*
,V
v
n;
and cotton planters, drills and listers;
combines, corn picker -buskers,
stationary hay and straw balers,, hay-rakes,
hay-loaders, potato diggers and beet lifters; and soil and crop im¬
provement tools such as manure spreaders and lime sowers. Sales
of
all
such
types of farm
equipment manufactured or assembled
by the company constituted approximately 94'% of the company's neb
machinery such, as corn,, bean
y
,
harvesting machinery such as threshers,
full
company,
redemption
price
thereof
by
debentures at the
surrendering-said
trust company.—V.
160, p.
1866.
:
1944—Month—1943
Period End. Sept, 30—
,
Operating
revenues
Uncollectible
$101,310
—_
$92,572
'
<
1940.
also manufactures and sells industrial transmissions and
use
in road, grading equipment (approximately 3%
of
sales-in'1940, but this percentage may increase after the war)
and, to a minor extent, certain railway track tools.
for
engines
net
Mbs?-—1943
'1944—9
$907,695
'^8ll,391
"112
1,112
$101,187
$92,460
$810,377
59,766
25,043
58,153
527,036
10,859
238,071
distributed
Products
1,014
$906,583
509,121
162,119
123
oper.. rev.
Operating
for'thecal! tax payments of this company, one of the State
of Tndiana's'lalrgesU taxpayers, have been sent to the County treasurers
of the communities served by it according to Dean H. Mitchell, Presi¬
dent.
The present. payments amount to $679,984 and bring the tax,,
Checks
Operating
oper.
income—
$16,378
$23,448
$141,476
———_
10,879
17,609
92,077
86,539
43,453,000
Ohio Edison Co.—Earnings'
shares
additional
of
stock
common
(no
par)
:!v
Total
other
&
Int.
expenses ;_1—
costs under Government
Unallowed
contracts
Divs.
\ 340,000
charged off
•.
credits-;——
and
income
Other
;
$587,550
.
3,479,511
on
287,848
3,686,796
$259,648
$2,855,288
$3,478,307
99,943
.155,577
1,366,218
1,866,923
473,973'
pref. stock__U-
.
$90,854
$104,071
$1,489,070
Listing of Bonds and Preferred Stock—
•*,,
-
962,000
and
V.
52,919
in
1,940 the
ability
to
Total
income
Federal
normal
declared
State
68,987
'
$640,469
61,192
.527,000
477,000
33.000
30,000
$1,183,761
—
deductions
value
income
-
income' taxes
surtax arid
taxes—rr—
and
profits
excess
taxes^i-i-ii—
•
Under
provision
Credit
for
for
Provision,
(> 1015:
<Net
t
.
profit
•
.<
Cr58~000
•
.
:»
J—
—■■—
117,460
•
$300,092
117,460
(}.',*i|iYIe.\'ijSe4 in report to stockholders, March 17, 1944.
Balance
i
'
Sheet,
June 30,
•
-
•
....
1944
renegotiation
made
the
in
accounts receivable, including U. 3. Govt,
accounts of $280,973; $619(351; unreimbursed costs and accrued fees
under U. S. Govt, cost-plus-fixed-fee contracts
(less advances, $13,863.297
$1,975,772;
and
less
supplies, $534,107;
ment
air
(less
mail
of
$400,000),
other assets,
reserves
route,
trade
reserve
of
$48,737;
$770,665;
parts, materials,
and
$294,403; property, plant, and equip¬
$2,047,986),
defefted
$.1,483,396;
charges,
cost
$114,767;
Oliver
Corp.
made in
the Central Hanover Bank
York, N. Y.—V. 160, p. 2005j ;
will be; made at
-
!
- —
our
Preferred
.
Stock
Offered,—Mention
issue of Nov. 6 of the announcement by
Blyth & Co., Inc;, Oct. 30 that the unsubscribed portion
of 82,000 shares of 4V2% cuimulative convertible pre¬
ferred stock ($100 par); has been sold to a limited number
of
purchasers.
of U. 3. Govt,
total, $8,765,102.
Liabilities—Recounts payable, $1,186,022; salaries; wages, and vaca- '
tion compensation, $1,051,810; pay roll deductions for employees'• in¬
come "tax,
$277,379; pay roll deductions 'for employees' war bonds,
$215,956; pay roil taxes, $241,895; air travel contract deposits, $90,680;
accrued
taxes, $205,940; Federal and State taxes on income,, est.,
$465,500; deferred income, unused transportation, $77,307; reserve for
possible inventory obsolescence, $115,000; reserve for war and post-war •>
adjustments, $100,000; common stock 1356.380 shares, no par), $3,223,- .
703; earned surplus, $1,513,910; total,- $8,765,102.—V. 160, p. 1865.
of. the
Folders
:
.
purchase
underwriters.
the
.The
•
.
2,
deemable
at
on
Oct. 31. and Jap. 31.
Transfer agent; City...Sank
Trust Co.
Registrar; National City Bank.New York,,.,
July
Chanute;, Lough,-
Bosworth.
-'ridge
&
Goldmaiu Sachs
31,
the
•
:
Webber,
Smith.
(Inc.U_.
•f
'
•
-
'
"
i.nibsrb
•
•
sales-J
__r—1:
Selling and general expenses
Profit
from
64
C>.": '-•l',.
Ended
«T«iy 31. -44 Oct.31,.'4t
rrzZT"
$33,282,078 $30,864',080
llet sales
of
;
Statements of Income ■ '. '
f; "
'.'W;
9 Mos. Ehd: Year
r"■
Cost
10
Inc*
2
;
-,
,
The Wisconsin
6
Hall Ai Co.
Harris.
Jacieson
Webster. ,and.i
Blodget.
2
Kcbbon, McCormick & Co..„,
6
2
Ct>.__
& Co
Rarnev
Stone ;&
6
-
-J
Fen,
Milwaukee
Curtis
2
10
& Co.____
Pierce,
Lynch,
ner
The
Paine,
& Co—
Gi'aham, Parsons & Co.j__„
>
4...
Co.-.__-
Eastman, Dillon
r
;
Ll—-— '
operations^-:
,
26,820,788 ' 24,997,654
2,859,479
2,939,918
$3,601,811
income
(net)-
,
$2*926,508
84,552
99,685
$3,688,383
Other
Farmers
Federal normal-tax and surtax_
FedeLat
proceeds
to
or about Oct. 30; 1944 -wtilh anply.; $1,505,625 .
the; payment at 1.00% .% of -alt: its. outstanding ;
promissory notes payable to banks in the
aggregates principal amount
.excess-nTpfits tax_—.
Othef "inccme'
Purpose—Company on
of
Merrill
2
$3,026,193
845,037
1,200,000
price, of
Dividends,
dividend
Lazard Freres &' Co.10%-
2
Baker, Weeks & Harden^—2
William Blair- & Company^
•
stock is convertible into common stock at an initial
$33% a share for the. common stock and is re¬
$104 a share and accrued dividends.
cumulative from Oct, 25, 1944, payable as to the first
Jan.
31.
1945 and quarterly thereafter on April 30,
preferred
conversion
underwriters and the
convertible preferred stock
follows:''
f,;
c
'
the ..principal
20%
Blyth-& Co., Inc.—
Bacori, Whipple & Co
Oct." 33,. were
the
of"
names
percentage of the unsubscribed shares of
to be purchased by them severally are as
'
company's -common stock of record, on
preferred stock at $100 a share, in the ratio
of one
share of preferred stock for? each eight shares
of common
stock
owned.
The right
to subscribe expired Oct. 25 and 75,704
shares, of
preferred
stock
(approximately ■921/2%)
were purchased
by common stockholders, leaving 6,296 shares to be purchased by
entitled to
.
Payment
Co., trustee, 70 Broadway; New.
was
accounts.
,.
(''ASsets—Cash, $2,923,904; U. S. Govt, (securities, at cost plus accrued
interest.
Trust
was
$517,889
——————
Dividend^,
company has,calledToiCredemption" as of-Dec*.-1, next,"$30,000
qutstandirig^fiistanortgage,.4%.(bonds,' due Dec. 1, 1964; at 106 :
interest.
and
CrllO.OOO
100,000
contingencies
' L.i;
•
postwar
and
war
<
of'..i'ts
Crl30,000
mail revenue-—
in
reduction
12,185
Cr5,U5
years—1—
recoverable upon utilization of reserves
Amount
1
for prior
•
'"'The*
\
-
of its net sales subject to
approximately 23% for the fiscal
year
ended Oct. 31, 1942,s.62% ;for the fiscal year ended Oct, 31,
1943 and 46%
for the 9, months ended July 31, 1944.
Renegotiation
for the fiscal
years ended Oct.
31, 1942 and 1943 has been com¬
pleted., and no refund was",required. 'In the opinion, of the company,
the profits on renegotiate business for the nine months ended July 31.
1944 are not excessive, and accordingly no provision for refund has
been
Ohio Water. Service Co.—Bonds Called—
i
)
manufacture its regular products.
estimates that the percentage
contract
.Underwriters—The
Other
company
ports as a prime or subcontractor.
-Company
$1,611,384
New York Stock'Exchange has authorized • the listing of $30,*
first mortgage bonds 3%" series of 1944 due (Sept. 1)1974
160,000 shares of 4.40% preferred stock,'cumulative (par $100) .—
160, p. 1529.,
1
.
equipment such as shells, bomb
tank
company's
.■'j
-
The
260,000
;
Operating 'profit
-
213,512
$1,167,121
16,640
adjustments;—LA)
for."contract ;.eost
7,508,994
$6,957,818
$190,797
deducs.—
income
Balance
^4j
.
Provision
war
war
$4,764,934
3,577,384
revenues——$6,857,491
L—
5,476,858
operating
Operating
8,691,401
$6,542,084
'
*1943
1944
1 v
■<
.•
1
'
Ended June 30
of Income,.Years,
Statement
607,042
$547,496
465,190
$664,770 "
income
Gross
Net
Comparative
289,322
<
taxes—
1944—12 Mos.—1943
$2,300,953 $29,982,742 $27,501,111
865,739
11.303,331,
9,671,944
3,445,926
3,362,355
289,676
official notice ..of
on
terms of stock subscription and option agree¬
ment, made or to be made with -cerain employees, making the total
amount
applied for 376,380 shares.
; '
"
,'
to
pursuant
issuance
for
Provision
1,013,058
„_
amort._—
&
Deprec.
York Stock Exchange has authorized the listing of 10,000
New
$2,432,340
expenses
-1943
1944^—Month
3,0—
revenue
Operating
Inc.—Listing of Additional Stock
Northwest Airlines,
The
Gross
and other„,items
3%,;(jf rnet sales in,' 1940),,. j.,
has manufactured various items
crates, marine parts- and gun
In addition, commencing
in
1941, sales of the company's regular products have been made
to the United States Government
to be shipped abroad, under t)ie
"Lend-Leage" program.
Company has also sold some of its regular
industrial products for military use.
The amount of the company's
regular products manufactured for domestic and regular export use
was
restricted
by
governmental regulations
first -promulgated
in
December, 1941.
Thi#-restriction materially affected the company's
production of such products.
Although the manufacture of farm
equipment is still subject to governmental, control; since June, 1943
the effect jof this control has been progressively less restrictive on the
of
Period End. Sept.
corresponding week last year, an increase
by the company include
farm trucks,
a
Commencing
1635.
p.
and
the week ended Nov. 4, 1944,
with 42.835,000 kwh. for the
of 1.4'/? .—V. 160, p. 2005.
this company for
kwh„ as compared
of
output
Electric
160.
manufactured
not
farm wagons,
substantial'portion of the company's products are manu¬
factured
under
patents, most of which are held by the company,
the company does not regard any such patent, or group of patents,
as being
materially important to its total business.
While
$139,137
income
Net
Net
—V.
totaled
•
(Del.)—Weekly Output—
Co.
Northern States Power
-
Operating ,taxe^
$1,339,685.—V. 160, p. 1741,
payments for this year to
revenues—
expenses
but
binpeys,
and corn
(approximately
grain
Service Co.-^Pays Taxes—
Northern Indiana Public
and
Company
Co.—Earnings—
Ohio Associated Telephone
in
sales
>..
and Union Water Service Co. into the Northeastern
company, had withdrawn their demand for appraisal and payment of
such shares..
He stated further that the company had acquired such
shares, which will be retired.—V. 160, p. 1865.
,
Valley Utilities Co.
pick-up
mowers,
has called
above-mentioned
who had duly objected, pursuant to Section 61 of
General Corporation Law of Delaware, to the merger of Delaware
this
of
,
Chairman of the Board, announces that the
of the formerly authorized $4 preferred stock
Jr.,
26,951 shares
holders of
company
manufacture, assem¬
sale of farm equipment, including tractors of the. wheel
type
for
both
agricultural \and industrial purposes; ^tillage tools
such .as
horse
and .tractor plows, cultivators
and harrows; seeding
and
bly
for redemption on Dec, 3, nekt, all of its
outstanding 5%
debentures due 1952 at 101 and interest.
Payment
will be made at Lawyers Trust Co., ill Broadway, New York, N. Y.
Holders of the aforementioned bonds may at any time .obtain the
The
Retire $4 Preferred Stock
Northeastern Water Co.—To
■
peace-time business consists of the
Company's
was
Calls Debentures—
1635.
p.
Corp. Under
pledged.
stock
common
filing of consolidated tax returns. (Excludes income
'(Includes income interest on 1st collat. lien bonds.—V. 160,
*
interest.
c°.
which the remaining two-thirds • of the
On Oct. 4, 1944r the company acquired
such pledged common stock.
The consolidated statement includes the
earnings of York Railways Co. - (which-is, in proceedings for reorgani¬
zation under Section 77B of the Bankruptcy Act) and its subsidiaries
Service
Public
Net
-
ptfx^s.. f_—___-
Balance
•
'After deducting debt-reduction credit
*1,300,000
65,575
64,600
$1,475,751
$1,761,593
of $140,000:"-
that
1044
31,
$941,250 in Canada).——
—r-ngovernment securities—.--—-----
unci.
equipment receivables (net.)J——.
Farm equipment inventories——
——
—
Relating to war contracts
Prepaid expenses and deferred charges—-r—,———
Investments, etc.
—.—
————
Plant and equipment (net)_:
—
Patents, designs, trade-marks and goodwill-—
...—
Farm
3,157,833
15
trade—
entitled; to vote at
•
payable to banks^——
Notes
Contingency
Earned surplus
--
,
have
first
remains
intention
the
question
directors
the
of
the
as
that
March
E.
&
2005.
160,
988.
p.
;
sales
Gross
Director—
Elevator Co.—New
Otis
A.
"William
(Chas.) Pfizer & Co., Inc.—Earnings—
to succeed
been elected a director
Anderson, deceased.—V. . 160, «p. 667 and 570.
has
Tyson
Roebling
Co.—Bonds Called—
Ottawa Valley Power
$8,406,657
*
first mortgage 25-year sinking fund bonds due Jan. 1,
1964
at 103% and interest.
Payments will be made at the Bank of.,
Montreal
in Montreal, Toronto, Halifax, Saint John, N. B., Quebec,
Ottawa,
Hamilton, Waterloo, Ont., Winnipeg, Regina, Calgary, and
Vancouver, Canada.—V. 158, p. 1861.
;;
4%
1,000,860
profit from operations,-———
$6,670,396
Gross
and
1944 •
$121,271
23,626
31,950
$65,695
income
Total
Expenses ———-——■
Int. on debentures--—.
$10,469
;
of
Gross
and
1_————l-V-V-L—
deductions
;
v
•
oper.
bef.
—
—
$83,480
17,889
31,950
18,315
Federal
normal
31,950
Federal
excess
$16,722
$13,215
Net
income
tax
and surtaS—. :V' 990,000
profits tax, less post-war credit
profit
s$293
$145,705
$271,473
period
for
546,374
514,366
363,587
$1,064,233
$881,230
$527,670
182,990
$1,294,117
221,524
taxes
$1,710,873
income
taxes-
profits
—
dividends
Sept.
should
will
60
men,
pay
for
1866.
p,
'
'
•,
The
8
declared
9 Mos. End.
*Nefc
share
1944
profits
excess
the
J741,
]).
194,4
of
19'43,
in
The
taxes.
months
.nine
$402,000
$0,94
$0.77
provision
The
'in
,
to
1942
■
and
amount
of
47,445
shares
of
"first
estimated
$306,000,
Federal
in
45
for
with
to
stock
in
the
minimum-
offered an opportunity until Nov. 30, 1944, to
preferred shares for new $4.50 first preferred
shares on a basis cf i>/8 new shares for each present share,
This is an
equivalent income of $5.06 lor each present share.
The new shares are callable at $105, which is an equivalent call
price
of
Those
$6
$118,125
shares
not
present share. .
exchanged under the
plan
will
be
called
for
representing fractional shares will be issued, which will be exchangeable
full shares when presented in amounts equal thereto.
These scrip
certificates shall be Issued on the condition
that they will be Void
for
July
1,
1S45,
unless
presented
in
160, p,
1868.-
Chicago
•
*Tbe
exchange
for stock prior
to
(621,460
first
re¬
preferred slock
shares), $6,124,'-
at
since'
:
Jan.
-31,
>
.
$17,814,104.
total,
\ ;
'
$3,905,817;
1936,
Dr$173,287;
cost,
.
'
of
cents
75
each
divioend of $2 per
a
Dec;
11
holders
to
made
were
Dec.
$1.75.—V.
10,
Nov.
April
1
July
1
April
1, July
1
on
1943 were as follows:
and
Dis¬
22/
and Oct. 2,
and Oct. 1,
1408.
160, p.
<
share on the capital
record
of
19
~
.,
authorized
the
>
company
...
to
of, interest
on,
and
company has
bonds.
'
be
borne
the
by
bonds
of
30
this
At
the
price
average
■
•
days'
notice in
and
not exceeding
31,
at
for
ranging
bid
Nov.
will covenant
without
deduction
Penna.
of
due
to
up
for
but
&
Trust
of
Co..
each
annual*'cost (of
;
trustee
as
$11,981,000
Listing
—
Company
New
the
on
public offering
160, p. 2006.
case
taxes, assessments or governmental charges
exceeding 4 mills per annum.
B
tion
and
for
for the listing
apply
cement.
due
located
recovery
at
Neville
Pittsburgh,
Since
Jan.
products are produced,
operation
at
the
preferred
cumul.
preferred
stock
"■Excluding
6%
and refining
Island,
in
units,
the
by-product
coke
about
River,
seven
Neville
(no
817%
1,
1939,
the
has
company
facilities
devoted
Approximately
to
the
further
half
of
,
refining
expended; approximately
new. facilities
sum: was "expended for
processing of
coke
oven
redemption
(Giving
on
Effect
bidders,
asso¬
all
of
about
or
Dec,
11,
1944,
Present
to
Financing)
Outstanding
3%
bonds,
•
$16,981,000
•
stock
(par
$100)
30,000 shs.
stock
(par
$100)
45,000 shs.
*29,182% shs.
"'34,602 shs.
150,00 shs.
par).
of
shares
7%
preferred
of
Earnings
stock
1120,000 shs.
and
398
of
owned
shares
record
of
and
Statement
Calendar Years-
July 31, '44
Operating
revenues—....
Operating
expenses-
Prov.
for
2,820,155
_
59,030,900
3,647.017
3.119,213
389,430
for
588,979
551,065
2,546,200
2,235,420
1,260,200
542,323
taxes
914,928
919,565
888,285
on
deprec.
456,151
•
taxes
Provision
,
1941
1942
_
4,351,224
1,637,500
Fed,
"income
Other
1943
$7,369,501 $11,888,903 $10,769,436
Maintenance
•
1
.
&
amortization
896,180
1,532,460
1,454,293
1,533,841
$1,083,913
$1,955,112
$1,962,076
$1,773,210
.
Operating income
___
64,785
96,174
102,628
209.37&
$1,148,698
$2,0^1,286
$2,064,702
$1,982,589
593,306
1,086,422
1,086,458
T, 109,371
$555,392
$964,864
$978,244
$873,21
Non-operating income„.
Gross
Total
income
deductions
.
Net income
miles west '
this
and
Other
preferred stock held In the treasury.
tAll
by The West Penn Electric Co.
The
initial
collateral
annual
trust
Pa.
Island.
to
1945
after
f
Langley &> Co. and
7 Mos. End.
through
plant,
$4,200,000 in improving its facilities and in constructing
at
the
Summary
blast furnace, and cement plant,
Ohio
30,
made
beneficially
of the 3%%
in the main part,
company's
prior
redemptions
coupon.
1974_„_„._^_____A-.:„
cumul.
Common
York Stock Exchange.
These
C.
Improvement
time
Sept.
,
trust
7%
&
integrated
chemical
of
to
for
'
the
any
before
first
collat.
&
mtge.
series
Nov. 1. 1964. Interest payable
of Chemical Bank & Trust. Co..
intends
W.
3%
for
at
or
Authorized
1st
Business—Company is engaged principally in the produc¬
and* sale of coke'oven by-products and chemicals, pig iron, coke
.History
for
firsU. mortgage
Capitalization
the
»
bonds
to
a
on
maturity
mortgage gold bonds (series E, 5%, at 105 and
gold bonds, series F, 4% %
at: 1073/2,' in
plus interest thereon to the redemption date.
$5,000,000
any
not
.
31
for
to
,
May 1 and
New York.
registerable. as to principal in denom.' of $1,000. Company
to pay both principal of and interest qn the. 3M?% bonds
1944;
1,
•
Oct,
1.01.402
100%%'
time
30, 1945 and
redemptions made after
fund
on
preceding
-
company
Application of. Proceeds—Net proceeds (estimated at $17,077,106)/
together with approximately * $990,545 from the general funds of the
company, are to be deposited by the company, with Chemical Bank
as
principal office
the
the
Sept.
redeemable
redeemed
to
down
,
% '
awarded
of
be
before
or
100'/a %
will
option of
lot at any
specified a 3 %
coupon,, included
Kidder,
Peabody
&
Co.,
101.139; Halsey, Stuart & Co., Inc., 100.789; Mellon Securities Corp.,
100.5911, and Lehman Bros,, 100,079.
.
Pittsburgh Coke & Iron Co. Associated
Noyes & Co. in the offering are: A. G.
Becker & Co., Inc.; Riter & Co.; E. H. Rollins & Sons Inc.;
Otis & Co., Inc.; Singer, Deane & Scribner; Swiss Amer¬
ican Co.; and Kuhn, Loeb & Co.
at
to
on
maintenance
,
was
a
subsidiaries .for
the
part by
bonds
with Hemphill,
1
.
whom
'
•
the
at
made
bonds
or
103%
issue
on
pledged
in
or
downward
The
fund
1974.
31,
The
ciates
whole
scale
at
and
redeemable
redemptions
1974,
prices
March
,
for
sinking
maturity
Chemical Co.—Bonds Offered—A
headed by Hemphill, Noyes & Co. offered Nov. 9,,
Dated
'
,
be
6%
-
/
..
set up
company
will
sliding
a
and
Pittsburgh Coke &
crly known
was
Nov, 2 of
addition,
the
bonds
at. 106>4%
multiples' of
in
Mention
—
year.
The
RR.—
...
In
calendar
sinking fund payments for the
the
Co.—Bonds Offered
issue of Nov. 6 of the offering on
our
revenues
4'■ •:
.;
issue
Edison
an Improvement and sinking fund for the
it will deposit in cash or principal, amount
of bonds, as a maintenance fund, on or before April 30 in each year
beginning with 1946, so long as any of the bonds of the 1974 series
are outstanding, an amount equal to 15% of the consolidated operating
1974
202,163
:>
:•
Louis
St.
&
proceeds would be approximately 3.32%.: The initial
price is 102, which represents a spread of .9799.—V.
aii
each
redemption at $112 a share as of Jan. l, 1945.
No fractional shares will be issued in exchange/but scrip certificates
after
Cincinnati,
first
for
Nov.
Gasoline Co.—V.
accepted.
was
.
preferred
stock
$5
taxes
dua
$3,224,000;
1/ 1952,
$115,397;
102!£% and accrued interest.
annum, received from Kidder, Peabody & Co., Drexel .& Co. and
associates, resulted in the lowest net interest- cost to "the, c6moanv>
and
160,
are
their
,
•
principal
per
$0.86
taxes
payments
$142,807;
$16,981,000 first mortgage and collateral trust bonds, 3%
series due 1974 by an underwriting group headed by W.
C, Langley & Co. The bonds were priced to the public at
W. A.
Vice-President; of ( Panhandle, good
20 next.
The price to be paid
of
interest
1941
1941.—V.
accumulated
treasury,
payable
each,
made in
*
the rate of
one-eighth of. 1%>
In response thereto, 3 bids were received representing 151 "companies or
institutions.
The bid of 101.0201 with a rate of interest-of.;3%% -,
■
$368,833
compared
as
$177,838
fund
liabilities,
March
due
common
have'declared
$25.
Potomac
proceeds used, with other funds, to redeem a like principal ;
general-mortgage bonds, C.
f
'>'••- V'
•
Authority was granted to the Pennsylvania RR. to assume obliga¬
tion and liability, as lessee and guarantor, in respect of the. payment \
957,688
$0.77
in
Payments ip
cents
.
the
and
approximately 25,(ioo shares and the maximum amount of
shares
35.000
exchange
business
Oct.
on
Coupon form,
of
»
,
$23,735,000 of general mortgage 3% % bonds, series E. ..
<The report of the Commission states in part;;:" V
.»'•
Invitations for bids were published the bidder to name
Phiiadelphia Dairy Products Co., Inc—Exchange Offer
Holders
-
Hy Byrd,
and
of
and
Oil
ICC
amount
Nov.
.
■,
$23,735,000 of general-mortgage 3%% bonds, series E, to be sold at
101.0201 and accrued interest from Oct. 1, 1944.. to date of delivery,
estimated Federal income and
for
amounted
$227,2*31
'W,
,
1942
$331,846
1943
$404,037
"'After provision for depreciation and
; '•'
$3,400,000 first mortgage bonds, 3V2% Series due Nov. 1,
1964 at 991/2% and accrued interest; Company was form-;
$330,621
A,
income
State
sinking
current
furnace,' etc.,
1868.
p.
par
March
on
capital stock (no par) ' •
close
Pittsburffh,
Co.—Earnings—
.•
v
Phillips if the option is exercised is $50 a share net, or an aggregate
$10,108,150.
Phillips acquired the stock in March,; 1943, from
group
Sept. 30—
per
series
blast
surplus
stock
tributions
75
of
$470,416
$1.10
$0.93
earned
160,
last.
160,
Pa.,* will
Philadelphia,
trustee,
1868.
p.
Chairman,
the
until
1943
—
other
$2,329,523;
The directors
Company has granted a sales option on ;its1 holdings of
of Panhandle Eastern Pipe Line Co. common • stock to
of
$416,891
profit..-—-——
160.
Co..
shares
$1,428,104
'N6t "earnings;.—
4ya%
and
Federal
bond
mortgage
Pittsburgh Plate Glass Co.—Larger Distribution—
:
Phillips Petroleum Co.—Grants Option on Panhandle
stock—
' V1.
business. ;
1944
Earnings per common share
—V. 160, p. 2005.
Earnings
Trust
Girard
Bonds Authorized—
$1,301,855
884,964
$121,725;
First
relining
,
week last: year.—V.
same
contracts,: $58.-
purchase
ore
..;:■>.;*".■:
interest.—V.
Dividend—;
Sept. 30—•
Pfeiffer Brewing
to
the
bonds,
shares),
capital
and its subsidiaries for the v
130,152,000 kwh.,;; an; increase ;
company
on
payable trade,
$1,388,598;
payrolls accrued,
$13,065; accrued taxes other than Federal
$231,000;
year,
for
444;
—V.
on Sept. 3, this year,
disbursed.—'V. 160, p. 870.
over
prepayments
taxes,
$238,328;
<24,752
20.
.while on Dec,'6, )
amounted
5.8%
1944
on hand, $2,319,244; United States Gov¬
$365,000; accounts receivable, $1,588,652;
interest,
income
one
serves
until 12 m.,
EWT, Nov. 15, 1944. receive bids for the sale to its as of Dec. 1, 1944,
of first and refunding mortgage bonds, series A.) to an amount suf¬
ficient to exhaust the sum of $23,184, at prices not to exceed 100 and
Pennsylvania Glass Sand Corp. (& Subs.)— EarningsNine Months Ended
within
Philadelphia Transportation Co.—Tenders Sought—
a
Earnings before taxes—_—__
Provision for income and excess profits taxes—
accrued
accrued,
•
dividend of 35 cents .per share on * the 1
the
for
1944,
qr
$3,125,826;
State
on
dividend of 25 cents per share
on
the common stock, payable Dec. 8 to holders of record Nov. 15.
A
similar distribution was made on Dec. 10, last year, and on Dec. 15,
1942 and 1941.—V. 160, p. 469.
Nov.
on
4,
.
kwh.,
cost,
.
•
,
by
directors
paid
was
Pi'-2006.:
.
Corp.—To Pay 25-Cent
Pennroad
The
and
of 40 cents, per '
extra dividend
an
at
86,884
——
Sheet,-Sept.
Balance
banks and
in
115,845
302,557
115,845
302,557
302,757
'
Trade ;
Inc.—Issues
air now to .pave the way for expanding
relations with South America after the war.—V. 159, p. 1696.
!
declared
9
quarterly
output
Nov.
of 7,159,000
trade survey of South America—in practical digest
form—is now being released by Pan American-Grace
Airways, Inc..
This survev is to be distributed enly through accredited travel agents,
J'or whom it was especially prepared as a means to stimulate intertrade
$152,687;
.
,
Airways,
.
significant
American
electric
ended
week
Approved—
Survey—
'A
usual
the
Columbia
.> '
\
American-Grace
Pan
$302,706
.
stock,
rate of 1 % %
a
17*000
$750,390
$818,828"
117,065'
—
Liabilities—Accounts
["■
Philadelphia Electric Co^—Weekly Output—
of the employee's
average earnings, for each year of service up to retirement age, to a
maximum
of
40%, inclusive of Social Security
benefits.—V. 160,
figured at
is
and
.
1943, an extra of 25 cents was
Maguire,
income
Nov.
oh
of 20 cents
extra
An
women.
Retirement
adjustment
year-end
to
stock, par $1, both payable Dec. 5 to holders of record Nov.
common
earnings are less than
are more than $3,000 ♦
Retirement age is 65 for
percentage of the cost.
a
Dividend—
share and
ingome, without cost to employees whose basic
$3',000 a year. Employees whose basic earnings
year
subject
is
provisions
directors
The
The
pension plan tentatively adopted by Owens-Corning Fiberglas
Cbrp. to provide retirement income for employees has been approved
by the Bureau of Internal Revenue of the Treasury Department and1
is now in effect, it was announced on Nov. 3.
A trust fund established by the corporation will provide retirement *
a
186,000
8,000
\
15.435
67,305
trustee funds for additions to fixed assets, $47,500; sinking fund
redemption of bonds, $20,884;-miscellaneous investments, at cost,
$1,038,033; investment in subsidiary companies not consolidated, $112,035; fixed assets (net), $8,844,848; deferred charges, $293,939; total,
$17,814,104.
::
mortgage
The
Owens-Illinois Glass Co.—Pension Plan
238,328
141,393
144;
aggregating
The
Extra
-
160, p. 469.
end.—V.
statement
above
.
taxes on income (as above) includes provi¬
taxes on income for the nine months
such provision being tentative only and subject
there be any additional distribution of income to
year
$505,706
364,740
.—
securities,
inventories,
>
(
$1,680,613, which has been deducted .from- gross
for contingencies are * considered adequate to
provide for such further changes as may result from final, renegotia¬
tion to adjust the prices on war business for the respective .periods.
sales.
Federal
before "the
shareholders
$838,890
.
80,500
for
v.
independent public accountants. During the quarter ended '
1944, partial renegotiation of 1944 sales prices on Govern->
contracts was accomplished by voluntary refunds to .the Gov¬
ernment
1944,
30,
reduction
to
for
$90,000
of
/Assets—Cash
30,
ment
on
Federal
Note—Accrued
sion
•ended
$647,099
$1,072,592 V
$860,666
dividends
ernment
by
Sept.
deposit for matured debenture in¬
terest), $23,969;
due for securities sold but not delivered, $36,407; v
accrued interest and dividends receivable, $14,625;
securities owned "
(cost $2,779,178) at quoted market value (securities valued at $290,437
have been pledged as collateral to loans payable.), $3,197,705; prepaid r
expenses, $2,778; total, $3,275,484.
Liabilities—Collateral loans payable (quoted market value of secur¬
ities pledged, $290,437), $136,000;
due for securities bought but not
received,
$41,317;
sundry accounts payable
and accrued expenses;
(incl. $14,050 matured debenture interest), $16,582;
accrued Federal^
taxes on income, $93,450; accrued interest on 5%
debentures, $7,875;?.
5%. gold debentures, due Nov.- 1,
1947 (issued, $1,500,000; less in
treasury $1,122,000, acquired at a cost of $809,402), $378,000;
5% >
geld debentures, due April 1, 1948 (issqed, $3,500,000;- less in treasury,
$3,026,000, acquired at a cost, of $2,222,420), $474,000; capital stock (authorized and issued, 141,151 shares* of a par value of $1 each),
$141,151; paid-in surplus, $1,987,110; total, $3,275,484.
(inch. $14,050
share—
.
•Note—The
audit
Assets—Cash
11' $1,589,122; $1,345,046
L——$3.17):
$2.69
——__—
1943.
in
$3,640
1944
30,
Sept.
Sheet,
$1,060,867
221,977
,
418,161
tax
taxes
119,429
179,637 "
" 229,883
$1,913,986
203,113
exc.
Common
1,521,000
'"■Including $365,000 in 1944 for amortization of emergency, facilities.
»Loss.Balance
13,516,762
20,213,786
15,249,089
chgs.
other
income
Preferred
810,000
••
3,270,600
,
flncluding provision for contingencies $450,000-in T944, and $225,000
T
Net
income
■Net
>9,575
"■17,016
148,236
Drl3,000
•
:
503,841
Net. profit
taxes—$5,649,722:, $3,676,046
income, before
Earnings per common
295,778
Dr90,000
(on cost)—
Fed. inc. taxes
■securities
Prov. for
Sep, 30, '44
1941
$66,562
sales of
9 Mos. End.
—~
1943
-
.
$1,730,995
Consolidated
Profit
Net profit from
200,000
150,000
600,000
& Co.——_
$16,093,594 $16,859,698 $21,609,382 $14,403,020
charges
State
Loeb
1942
13,852,757
Federal
417,209
933,591
1
$350,006
—
-Calendar Years
exps._—
Prof, before inc.
$6,783,313 1 $4,093,255
—
out¬
earns.,
profit
Prof.
Co!
&
Kuhn,
•-1941
Other income
$5,241,101'
372,300
867,366
Other
———
sales
expenses
Sell. &• admin.
$4,001,434
91,821
112,916
...
income
tOther
1942
1943
$75,811
33,393
31,950
'
—
Otis
Singer, Deane & Scribner
Swiss American Corp.—
350,000
s-
Federal
Securities Co., Inc.—Earnings-
End. Sept. 30—
9 Mos.
_
income
Other
v
735,400
for depreciation,
1
general and administrative expenses:
Provision
Selling,
Gross
Overseas
Cost
t
next, $116,000 out¬
called for redemption on Dec. 1,
There have been
standing
V' ;
1944 V ~ 1943
Gross sales, less returns and allowances--—-- $18,106,138. $11,877,535
Cost of goods sold, excluding depreciation-"9,699,481
6,636,434
9 Months Ended Sept. 30—
the
series A, due March 1,
Consolidated Statement of Income
.
•net)—
Charles
,
•
600,000
H, Rollins & Sons Inc._
7
of
the. redemption
bonds, 4% %
Noyes & Co,— $800,000
.;
;..;vi-'-.;'
>:
'
bonds
thereunder;
time
one
for
1937,
Co.—;—350,000
-
—VOt160,"p.
1,
—
the
V.
any
names
of the 1 underwriters and the principal
has severally agreed to purchase, are as follows:
each
A. G. Becker & Co. Inc.
shares are '
if 25,000
at
.
deposited for exchange the plan Will be declared; effective,; reserving
right to complete the exchange on. a lesser-number1 of shares,"—
$34,399,827
outstanding
dated
Which
Hemphill,
Ritor
to. the.-, minimum
which the plan Will be declared operative, ) It was
number of shares on
and
raised
mortgage
amounts
.
have
shareholders
be
may
Underwriting—The
,. ,
deposited their shares for exchange into the new first ;
shares under the terms of the above-mentioned offer.
"Several
*$3,400,000
24,752 shs,
608,019 shs.
1964—
1,
mortgage will provide that no more than $10,000,000 of
series
standing $3,455,000 first mortgage
1952, at 103 plus interest,
already
preferred
Dr424,029
(9,800 shares)——— ———.-
.
Pennsylvania Company for Insurances on
15th and Chestnut Sts., Philadelphia
.
•
8,177,956
—•
—-—-:
—
stock
Treasury
be
Lives and Granting
2, Pa., is exchange
>> j"
Walter Justin, President, on Oct. 28 stated in part, as follows:
;
"A substantial number of the holders of $6. first preferred, stock
3,134,362
——
—
will
1944,
all
due Nov.
series,
(no par)
stock'(no par)—
"Purpose—Net proceeds (approximately $3,217,567) together with such
additional
funds
as
may
be required, are to be deposited by the
company, with Chemical Bank & Trust Co., paying agent under the
agent.
13,743,555
-
15,
"'The
,
of
Annuities,
2,700,000
—-
—
(337,786 shades no par)———
surplus
Paid-in
■—
——
reserves
stock
Common
income-^
Federal and- Canadian taxes on
Provision for
Nov.
on
said meeting,
$1,977,429
1,100,499
2,490,055
1,500,000
1——
Accrued expenses
record
of
Stockholders
——-r—-——
mortgage bonds, V/z%
$5 preferred stock
»
The
payable,
First
Cbnnnon
shareholders
the
stock
1
$34,399,827
Accounts
at
of ./
provide for these capital changes and authorization of the loan,
will vote Dec. 4 oh resolutions to create. the new
and-to authorize the loah above mentioned, will be voted upon.
To
355,367
Capitalization Outstanding Giving Effect to Present Financing
the unexchanged old shares,
redeem
to
funds
years.
266,880
1
6,519,226
Liabilities—
provide
to
order
In
arrangements have been made for "a loan not to exceed $2,500,000,
interest rates not exceeding 3to be amortized over a period
11,623,615
Monday, November 13,1944
by-products and chemicals,
In
addition, during the same period,
approximately $4,400,000 was spent for maintenance and repairs' at
the Neville Island plants.
will endeavor, to provide a market until
purchase or sale of fractional scrip certificates
certificates representing a full share 'of stock.
company
.1945, for the
rate of $100 for
at the
$5,546,946
3,990,631
2,939,328
The
datq.-
June 30,
'
'■
-
and Canadian
S.
(J.
July
Sheet,
Balance
Assetsj
Cash
COMMERCIAL & FINANCIAL CHRONICLE
THE
2078
■
bonds,
--Business—Company
interest
3%
requirement
series
was
due
incorp.
in
1974
on
the
will
Maryland
consolidation of Potomac Public Service Co/and
Edison
The.
first
mortgage
$509,430,
be
Dec.
a
31
former
1923
an*
as
The Potoma
Co.
principal
business
of the
company, and
its
subsidiaries
is
th
Volume 160
of
the
Maryland,
Company
.which-. are
'»*' The
by
owned
stock of
preferred
Gross
the
.
except
company,
subsidiary.
one
$217,800
'■
....
service
Territory
general
• inhas
Interest
'.
Underwriters—The
are
C.
Almstedt Brothers
Emerich
Ames,
Merrill
Inc.
Bond
Knight,
Co.;
110,000
165,000
I.
.
M.
and
B
and B
common
-Earnings—
Co..
165,000
& Weeks...
&
Weeden
1;334,000
1,000,000
1,698,694
2,241,146
1,276,411
1.469,477
profits, taxi
of Fed,
4,333,723
•.
Excess
'•?
i
Net
*
Wurts, Dulles & Co
Int.
220,000
$4,952,428
•
(net)-——L—_
83,776
$5,476,822
$6,011,726
long-Term debt-
1,688,860
debt
of
(credit)
1,934,228
2,254,609
400,222
95,196
51,811
128,626
".
other
28,239
33,783
819,850
$1,782,596
$1,691,063
$2,062,693
000;
$2,894,987
Such
.construction, was announced on Nov. 1 by F. Vaux Wilson, Jr., Presl*'dent. Griffith S. Clark and George L. Apple, Jr. are Vice-Presidents of
the new company. E. L„. Simmons, Treasurer and John A. Heinrich,
Secretary.
J. E. Barrett is Chairman of the board.
The authorized
capital is $1,000,000. Mr. Wilson is also Vice-President of Homasote Co.
by contractors,1 dealers in building supplies
various branches of the housing industry in
and
others engaged
in
all
parts of the United States, the new company's functions will be to
merchandise
houses directly;
to license constructor-builders and to
engage in research, servicing
and mass purchasing.
:
'
and
Wilson
Mr.
Homasote
Co., Trenton,
&
Precision-Built Homes Corp,,'will merchandise houses in
,
,
•;
and
Other
4
:
363,035
.
Service
Co.
-
'Express
19,514,036
expenses—-
1,279 976
'
taxes
Int.' and' disc, on funded
debt
.
T
deductions
Other
100,097
"Rail
transp.
"Payments
R.
'■ '
...
;
'•
Operating
3
Net
Sell
;
$6,823,948
416,609
4,195,649
3,738,715
$325,759
$2,628,299
$1,939,634
190,802
64,313
$2,819,101
$2,003,947
inc.-
29,743
$217,297
Dr 7,207
income__—
$355,502
$210,090
communic.
Operating
,
income—non¬
438
Br5,639
Dr37,653
Dr34,461
$355,940
$204,451
$2,781,448
$1,969,486
communication
'
Gross
inc.__
ordinary
ordinary
from
Deducts,
income
"
7,631
8,739
97,361
79,375
$348,30.9
$195,712
$2,684,087
$1,890,111
2,919
2,280
——
Net ordinary income.
Belmont, Northfield, Sanbornton and Tilthe gas properties for an un¬
Pierce is, purchasing
corporation.
Service from the
utility business.
gas
It
'
.
$348,148
$195,712
$2,678,793
$1,891,133
inc..
266,450
135,350
1,994,250
1,218,700
$60,562
$684,543
Deducts,
—V.
net
from
income
transfer.
earned
Net
to
' ' TV.-,
1,258
income.-/-..——
Net
v,
8,213
161
Eextraordinary inc, (Dr)
:
1742.
p.
(Cr)
inc.
Extraordinary
.
Hampshire
;said.the gas .business had been operating at a loss for several years,
deriving only 4% of total revenue last. year.
The company now will
devote itself
primarily to operation of its electric properties from
which it.derived 90% of its revenues last year, it announced.—V. 160,
Explaining the new organization, Mr. Wilson said- that the licensed
set up fabricating plants in the major centers
$5,678,349
T $633,906
489,8-70
revenues—
oper.
"Other
1944—9 Mos—1943.
944—Month—1943
$815,623
revenues' V-,
Operating expenses
,
privileges.—V. 160,
carriers—express
■
a
will retire Public
sale
The
"...
137,439
Communications Inc.—Earnings—
A.
C.
and mother
Tail
■■■•
Period End. Sept. 30—
properties:, include plants for manufacturing and distributing
in Nashua, Keene, Laconia and Dover, and distribution
New
790,387
274,295
9,629
$13(783,635 $12,059,816 $96,093,378 $94,007,819
revenue
to
3:742.1
p.
Ordinary
f:/
company,
named
822,580
5,462
104,018
______
,
■
Hampshire—'Would
New
of
1944—8 Mos.—1943
29,521,059 257,782,952 225,018,760
16,266,337 150,715,370 121,763,08fi
1,089,347
9.877,329
8,320,027
34,691,294
—
Operating
debits,
deferred
$158,999;
"
-;
etc.,
.
29,223,829 255,017,518 222,658,166
297,230
2,765,434
2,360,594
34,328,259
inc.-
and
revs,
Total
(1,107,777
plants in Franklin, Hudson,
2.—To operative
$0,362
'
1
taxes,
insurance,
$139,694,224.
Ton, ,N.H."r Mr.
lumber dealers, contractors, realtors, -insurance companies,
institutions,
prefabricators,
and
industrial : companies for
employees.
3.—Through the export market.
5,040,G92-
(& Subs.)—Earnings—
1944—Month—1943
31—
Charges for transp.__
■
$4.406,331;; United States Treasury tax notes, $5,520,(net), $1,721,979; materials and supplies (net),
total,
Public
The
lending
4,370,070
Income:
of artificial gas
three ways:
:
$0,124
$0,109
Railway Express Agency, Inc.
wholly-owned subsidiary of New England Public
Service Co.;- has asked the SEC to approve the sale of its gas business
to James-A. Pierce of Hartford, Conn., for $350,000.
•
1,728,030:
on
refund of $673,900,
tNet. after post-war refund
($1,843,600 in first nine mon.ths of 1943).—V.. 160,
'
' '
• '
.
'
Period End. Aug.
discount, and expense,
unamortized debt
to
Balance Sheet, Sept. 30; l!)4t
"
r
stock
The
builders,
;
and
lease
T '
Gas'Plants—
1.—Through department and furniture stores such as R. H. Macy <Jc
New York; L. Bamberger & Co., Newark; Jordan, Marsh & Co.,
Boston; 'Barker
Brothers, Los
Angeles, Lit Brothers,
Philadelphia;
Pittsburgh; Frederick & Nelson, Seattle.
com.
share
$1,938,600
N. J.;
Co.,
Kaufman's,
1,506,256
for
1670.
Liabilities—Cumulative
'
San Francisco; Prefabricated Products Co.,
Decatur; R. W. Kuhne, Rantoul; Sidney. F.
Hilp,
stk.
2,394,333
$0,315
788,201
...
7,435,025
6,734,671
2,364,601
2,516,231
788,200
per
Revenues
preferred stock (par $100), $14,818,590; com¬
shares, no par), $27,694,445; long-term debt,
$1,076,000; accounts payable, $1,177,057;
.customers'.'deposits, $722,999; accrued taxes—State, local, etc,, $2,002,*
694; Federal ' income and excess profits taxes,$7,549,023;
accrued
interest, $924,512; miscellaneous current liabilities, $35,039;
deferred
credits',, $987,340; .depreciation reserve, $10,495,359; contingent reserve
-for Federal income and excess profits taxes, $1,068,067; miscellaneous
Preserves,$488,129;, contributions in aid of construction, '$661,744;
earned .surplus. (inch. $29,800 restricted as to dividends on common
Stock, $1,496,226;. total,r,$139,694,224.—V. 160, p. 1670.
V
Seattle;
E. L. Simmons,
Dwyet,
Milwaukee; Armor Products, Inc. and Erich Loeb of New York City;
*Woolsey & Cadwallader, Pennington; N. J. and employees of the new
company.
\'\'t
>■
Barrett
of
$2,904,420
$68,497,000;-.unsecured notes,
.
include
Stockholders
2,294,456
dividends——•
"Net after post-war
accounts receivable
mon
said to be the largest single corporate
organization in The country devoted exclusively to promoting housing-
•
48,706
,
long-term lease and from the refinancing of long-term
amounts have-been credited to the cost of settlement of
$1,785,923;
this corporation,
largely
.
a
$2,357,511prepaid,
profits tax of $659,900.—V. 160,' p. 2006.
Precision-Built Homes Corp.—Organized—
Financed
1,448,900
5,224,200
(13,381,016 shs.)
com.
Assets—Utility plant; $120,290,691; construction fund, $3,000,000; in¬
vestments, $273,066; .post-war refund of Federal excess profits tax,
-
Formation of
467,164
1,247,250
tax.
185,096,520
2,743,384
618,750
1, 469,321
4,283,100
17,998,900
16,594,800
3,459,278.
618,750
1,348,370
3,746,600
927,302
206,250
*6,207,600
surtax
and
income—
Earnings
and excess profits-tax
$179,724;; cash,
"Includes provision for excess
206,250
exps.——
'
U,226,000
tax—
72,223,429
1,162,427
66,449,486 206,030,147
————
_
429,298
Preferred
if the company did not have the benefit for Federal in¬
purposes, of deductions resulting from the
payable
•
Net.income—1—$1,387,262
income
Net
<
61,438
45,287
$2,074,460
income
long-term
respectively.
490,000
for Federal
:
...
,
The
249.464
239,214
77,239,534 239,936,717 218,240,901
profits
"Balance
"T
and*
.
-9 Mos.—1943
542,824
construe.
to
1944-
all
83,770,710
tax
Excess
charges in lieu of Federal income and excess profits taxes,
represent amounts equivalent to additional taxes which would have
sbeen
237,767
Prov.
,
'
■
Subsidiaries)
Domestic
.1944—3 Mos.—1943
Interest
2,577,214
410,564
'
-•/_
int.
150,000
<
p.
Note—The
*
,241,436
200,000
facilities
of specific
1868, •
cost
160,
patents-
of
Normal
260,380
disct.,
deductions
.
,671,963
income deductions———
Sundry
$5,927,951
$4,379,114
"
(net)-—_
settlement of
2,214.885
the
of America—Earnings—
—.
admin,
and
Amort,
$3,956,742
come
$5,205,098
of
develop., selling
Depreciation
90,311
243,463
2,188,370
long-term debt
Amort, of util. plant acquis, adjusts.
on
profits taxes for the
goods sold, gen.
p.
$5,240,846
Total net earnings—^—___——
1944;
based upon the Revenue Act of
1943, provisions for Federal excess
amortization
oper.,
2,747,718
564,870
2,092,418
$5,386,511
428,500
163, 220
in
are
for war purposes.—V.
from
income
sources
49,400
$4,319,413
59,701
.Int..: chgd.
1942
$4
$5,041, 878
288,418
1
.—-—:
$2,328,851
„
v
TU
,.
-;prem.& .expense (netI
-3
5
1943,
(Including
income ——1
on
Miscel.
1943
$2,498,529
companies—$1,092,985
Period—
'
1944
$2,242,509
months of
nine
5-year
Radio Corp.
$3,891,439
65,303
Amortiz.
110,000
debt;
Interest
the
necessary
Gross
110,000
Net
x
Sept. 30,
first
Cost of
income
operating
Gross
revenues/..;—I.— $13,190,947 $12,684,382 $11,180,968
Oper, exps. and gen, Taxes.—J—.5
8,238,519
7,642,504
6,752,468
income
of
deemed
;■■
profits tax—
income
Other
operating
Other
account
4,531,417
_
%
.
..
y
surtax
and
Normal
330,000
—
3,888,269
profits taxes were reduced by $603,000 and provisions for depreciation
and write-down
of
intangibles were
increased correspondingly, on
1,641,511
taxes;, ;.:V-'
' 1,444,000
Harold E. Wood & Co.—
12 Months Ended Sept. 30—
earnings
For the
1942.
■
■-V;, r-'i.v
Co., Inc.
3,879,273
—
2,092,748
312,876
surtax
Charges in lieu
165,000
——,
3,956,579
affiliated
from
misc.
and
Fed.. excess
:
Net
months ended
nine
and
Webster & Gibson——
1,444,000
i—
Co.,
&
Webster
&
48,233
$6,217,120
—
——
revenues
72,411
$6,377,802
$1,958,086 ill 1943; $2,744,383 in 1942.
Portland General Electric Co.—Earnings—
"
"Includes
112,394
.
charges—....
income
Net
151,536 com¬
taxes1,748,287
normal
Fed.
"VV. E. Hutton & Co.— 1,334,000
V. 160, p. 2006.
Gross
tOn
shares.
sharps.—V. 160, p. 1192.
and
local
>
Federal
•
165,000
110,000
Co.*..-
Staats
Blodget, Inc.
Hilllard & Son
Hornblower
State,
>
Inc.
Stone
1,444,000
Ripley & Co,,
Noyes &
R.
Nicolaus
Stifql,
790,000
Inc.
160,472 combined A
A
interest
Net
j
$6,168,887
——
110,000
275,000
Simon & Co.-
William
,
Sachs & Co.-
Harriman
"$0.40
$91,688
t$0.52
-$201,111
*$1.16
$7,581
f$0.03
$69,727
and B sh.
A
$6,305,391
$6,199,088
—
income—.—
Gross
2,368,800
3,555,000
783,000)
$6,086,694
Net operating income—
Other income—..
; Period End. Sept. 30—,
1944—9 Mos.^4943
Operating Tevenues j—; $22,636,602 $20,712,407 $30,081,256 $27,524,493
Oper. exp. and taxes:
Power purchased .1——
2,335,744
2,276,969
1,546,254
1,775,987
1,365,651
Gas purchased J./—989,767
1,382,660
1,010,929
7,425,758
Other operation
7,951,099
■
6,070,507
5,555,944
1,246,892
1,456,003
Maintenance;..-:/——_/*'• 1,097,645 •
957,610
2,691,119
Prov. for deprec.—. 2,146,104
2,821,104
2,025,000
165.000
.275,000
Goldman,
Hemphill,
' V ,'
of Calif.——
Co.—
Equitable Securities
;J. J. B.
•
& './
Murch
H.
Co.
Pacific
Co.—
Clark &
W,
60,000
2,742,300
.
3,375,000
864,000
—_
!
intangibles—
,
and
46,000
of
3,375,000}
2,017,800
depreciation
for
Write-down
Note—Provisions for Federal income and excess
275.0Q0
275,000 v
Cahn &
B.
E.
133,000
inc.
profits taxes—
.
post-war credit)--—
^Provision
1944—12 Mos.—1943
Co. I——————
ft.'. Lough ridge & Co
Frank
Mc-
Inc.
Maynard
.
Chanute,
Bosworth,
4,000
j
66~433
Public Service Co. of Indiana, Inc.-
,
Moore, Leonard & Lynch
110,000
Co.—.
•Boettcher and
70,669
—
.
&
Martin
Milhous,
110,000
:
Bankers
The
bined
275,000
*. V
Pierce,
Lynch,
22,144
per
"On
*,-
Fenner & Beane——. 1,000,000
Metropolitan St. Louis
Co.
110,000
110,000
330,000
5,200
1,030
profit——_
Earns,
—
Co.,
&
———i———
Baker, Watts & Co.——
Ballou,
Adams
&
Co.,
J' Inc.
Net
-
and
Legg & Co.—
2,750
600
:
follows:
Mackubin,
3,280
devel._:l——
——
excess
Company—— $110,000
W. L. Lyons & Co
-110,000
110,000
—
as
Laird
Langley & Co.——$1,457,000
Allyn & Co., Inc._ 1,334,000
11,657
1,875
for Fed.
Prov.
and " the
underwriter
principal
each
of
name
42,210
11,989
975
of
Royalty
.
.
.
33,574
4,682
•Prov."for
operating
.
599,365
23,766
:
expense's———
'
• deprec.———24,424
Amort,
12
amounts underwritten
respective
,W. C.
A.
the
subsidiaries dUTing
its
193,399
-3,875
patents/i—__
Amort, of
,
revenues of the Company
months ended July 31, 1944, were
derived approximately l as -followsr 36%. from
residential customers;
16.3% from commercial customers; 34.4% from industrial customers;
6.4%
from
affiliated
utilities;
2.9%
from non-affiliated utilities;
and 4%
from other sources. !
electric
consolidated
total
The
and
194,140
11,181
allowed-——
expense.'—:
*
—
—
743,955
Cash disc,
enterprises,, the
a
$1 ,021,975
Selling and adm. exp.„
a
small number of isolated industrial
character of the territory is rural.;
and
$1,057,814
Sept. 30—
Operation
•
which the company and its subsidiaries furnish
population of approximately 420,000 and covers
approximately 6,580 square miles. - .With the exception of commercial
and
industrial business
in! and
near
the few larger cities in the
'.territory
electric
28,436
$256,174
9 Months Ended
Operating revenues
$979,264
42,711
$340,778
;
income—
Gross
of
value
par .'
.
$1,029,378
9,546
$245,298
10,875
$350,325
profit bef.- depr.2
1944
1943
1942
$40,265,844 $39,147,573 $37,369,401
20,834,686
19,264,607
18.667,277
Maintenance—
2,190,539
1,892,294
,1,675,924
State, local and misc. Fed. taxes—
3,479,125
3,339,981
3,434,513
Federal income taxes———
1,418,000
1,445,000
1,499,000
Federal
excess
profits taxes (less
■
1.944—9 MOS.—1943
1944—3 Mos.—1943
'Other income-—•
' ' *■
,
<
Period End. Sept. 30—
''/,
has six subsidiaries, all of the outstanding securities of
.Staff.
„
of
States
Public Service Co. of Northern Illinois—Earnings—
(The) Prosperity Co., Inc. (& Subs.) —Earnings—
of electric energy in adjacent por¬
Virginia, West Virginia, and Penn¬
sylvania, centering around the valley of the Potomac River and its
tributaries.
The electric properties of such companies constitute a
'single integrated system "which is operated under the supervision 'of
the
company
by a unified executive, administrative and / operating
tions
and sale
distribution
production,
2079
:the commercial & financial chronicle
Number 4333
surplus..
$81,698
1742.
160. p.
;
$672,433
•/
-
*
constructor-builders will
service
to
TJhese
barked
a
on
and
operate in a
Railroad Employees' Corp.
predicted
construction
Corp.,"
of
"Gross earnings
Operating expenses—„i.
mass
costs.
.
V
.
"9 Mos. End- Sept.-30—
*.
Mr. Wilson said, "already has- em¬
purchasing by negotiating with large
of materials ahd equipment throughout the country,"
that this procedure alone will have important effects
Homes
program
manufacturers
on
will normally
fabricating plants
."Precision-Built
•
well,as others,
75 mile radius. >
department and furniture store customers as
Int.
Directors of the. new company are:, J. F. Barrett;
Sidney F. Dwyer; B. Outerbridge; E. L. Simmons; C.
W. Cadwallader, and F, Vaux Wilson. Jr.
1 :
J. J. Dempsey;
F. Dally; Paul..
:
of
Procter &
Consol.
net
•
share
per
.
$0.78
$0.73
;
Defense
Gamble
,|In
arriving
income
taxes
r
of
Canadian
Corp.
this
at
and Japanese companies,
v
■
provision
figure,
been
has
$3,457,000.
this
time
and
increase
it
is
than
of
Deupree,-President,
had
41,830
Nil
$0.13
but
41.830
36,484
only
collected
not
interest
is
not
.
.T
-
81,075
$0.34
$0.86
actually received; accrued
included.-
in¬
•
,
for
of
on
Oct.
shareholders
>
that
note
then."—V.
160,
we
p.
now
'
said in part;' "Last year
on-our
books amounted to
11
769.
have
15,896, more shareholders
■
of;Federal
provisions>'of
and
$3,113,651."
■
As
to
refunds
furniture
Federal
.
Sheet, Sept. 30, 1944
'■
i
income
Revenue
fixtures,
"
at
cost
(less
-
debentures due Dec/, 1,
one
,
.
/
year
'of
$38,000);
1956
stock,
850;
class
earned
B
(par
value
surplus,
in
SI), $5,000-;
$158,730;
total,
160,
p.
Public
Service Co. of; Colorado—Debentures Called-^
.
has
company
Y.—V.
of
the
160.
p.
called
sinking
1408.
,
.
a
2006.
decrease of 3.1%.—V
160
record"
of
book just
of E. I. du Pont de
the vacancy on tile
SpaiTe.—V. 160, p. 1022.
Engineer
the
corporation
Outlined—
in World War
released* by the company,
vfiO'J'l
War."
II is given
entitled "Republic
*
points out that, at the .request of the War Production
Reconstruction Finance Corp.. and other governmental agencies,
book
total
wartime
Included
blast
plant,
in
furnaces
electric
pansion.
Republic's
•
kwh, for the .corresponding week last year, a
to
The
Public Utility Engineering & Service Corp.—Output—
Electric output of the operating companies served by this corporation
(formerly, reportedly Standard Gas & Electric Co.) for the week ended
Nov. 4, 1944, totaled 191,251,000 kwh., as compared with. 197,295,000
p.
Chief
been elected a director to fill
the recent death of Dr. Fii)
42 Defense Plant Corporation projects wit}**
than $200,000,000.
are a complete steel plant in Chicago,
Cleveland, Youngstown and Gadsden,
gun barrel
Republic has undertaken
1231.
1
for redemption oh Dec. 1, 1944, through
fund,., $400,000; of outstanding 4% sinking
fund debentures due Dec. 1. 1949, at 102 and intei est.
Payment will
be made at the Irving Trust Co., trustee, One Wall St., New York,'
The
operation
N.
;
100-nage
Board,
value
$3,113,651—V.
a
Goes
$1), $133,502; common
capital surplus (paid-in), $289,-
(par
Assistant
Read,
M.
Co., has
"service
The
»v
(less sinking fund installments, due within
preferred stock (par value $12.50),
A
-
-
Republic Steel Corp.—Service Record
-
8626.000;
$797,137;' common .'stock,- class
&
caused by
board
■
employees'
taxes withheld,
$3,005;:/employees'- war savings bond funds (less $1,397 deposited in
/special bank account), $201: dividend on preferred stock, payable
Oct.. 20,
1944, $12,754; installments due within one year on sinking
fund debentures (less debentures purchased and deposited with trustee
totaling $22,000), $16,000; interest accrued on sinking fund debentures,
$10,700; sundry accruals, $14,127; miscell. taxes accrued, $2,961; re¬
serve Tor Federal
income taxes, $43,684; 5%
convertible sinking fund
$1,000,000;
them.
President, stated in part
by
Remington Arms Co., Inc,—New Director—
Granville
deferred charges; $63,569;
depreciation),
$45,468;
total.
-
held
MacKenzie.
A.
"This price is very much
Nemours
'
1
.
1
$20,549;
'.Liabilities—Notes /payable,
to
-
■
cash
Act,
held on Jan. 12 the shareholders
ratifying
on
company
as follows:
higher-than the-level at which our shares
,have been selling in recent .years..
Lending companies 'such as- ours
have had to cope with many difficulties for some time past and after
carefully considering the outlook as to future prospects, the directors'
/reached the conclusion that it was in the best interests of the share¬
holders to sell the assets of the company as a going concern."
The '-Canada
Permanent
Mortgage
Corp.,
under
the agreement,
assumes the payment
of the debentuies.
value, life insurance,
$5,232;
and excess profits taxes due to carry¬
$370;
special general meeting to be
a
vote
this
company
V
on
earnings include
earned
back
September, 1944, .there were 44,925, which is an
we look back over a number of years to 1934,
of
interesting
we
number
the
as
1,584.
"•Gross
est;
■
made
.
^-Number,of Shareholders Increased-—
at
40,036
dividends
Consolidated Balance
and Procter
.
43,341,
38,278
dividends
-
704), ' $2,633,016;:* deposits,
arriving at this figure provision has been made for Federal in¬
come
tax of $3,475,000 (1942, $3,600,000) and net excess" profits* tax,
$1,426,500.
The 1941 figure was after provision , of Federal excess
profits tax of $2,600,000 and'Federal income tax of $3,100,000,
*
R.
172,995
$158,113
V Assets-MJash, $315,346.; U. S. bonds and notes, at cost, $30,100;
installmentnotes;receivable (less reserves for -doubtful notes of $140,-
/ ;Tin
Richard
158,900
$87,911
$1.07''
\ $0,68
earnings of Procter & Gamble Defense Corp. and earn¬
English and Canadian -companies except as^ they have been
available in this country in U. S. Funds.
TExcluding English,
&
137,950
$33,215
terest
of
made
131,310
$58,718
common'stock :
■
"/.
:$6,974,604
$4,515,649
Fed."; in¬
Earns/;'.r.pershare'
«."Excluding
ings
for
Net; income
Canada, Ltd.—Proposed Sale—*
the sale of the business and of all the assets
Canada Permanent Mortgage Corp. as of Feb. 15,
1945.
for a consideration of $687,500.
The purchasing corporation
assumes all the liabilities of the Real Estate Loan Co.
The shareholders of the Real Estate Loan Co. of record Dec. 30, 1944,
will receive $137.50 in cash lor each share in the capital stock of the
am(;rt.
•
At
will
of
on
stock
common
■
"
•
293,536
taxes
Common
tl941
.
:
—-—2-—"14$4,820,996 If$5,153,397
etc.
Earnings
*1942
,
profit after
depreciation, ' Federal
taxes,
"1943
"1944
,
notes,
intang.,
Preferred
"
.
•
$624,644
M.
(A'Subs.)—Earnings—-
Gamble Co.
1941 *
1942
$562,118
315,307
$528,263
352,097
&
(net),* prov.
come
...
3 Mos. End. Sept. 30—
djsc.
1943
1944
$552,293
361,765
.
Real Estate Loan Co. of
,
doubt,
A
deb.
paid,
exp ;
•
,
-
(& Subs.)—Earnings-
cost
these
in
of
more
projects
furnaces
and millions
of square feet of building ex¬
production almost doubled between 1939 and 1943.
"In the first year it totalled 4,817,000 tons and in the latter year
8,651,000 tens.
Electric furnace steel production leaped from 112,441
tons in 1939 to 1,085.000 tons in 1943.
"Republic Goes to War" tells how the company changed its 98 inch
strip mill to a producer of steel ship plates, how it increased the
output, of iron ore in its Adirondack mines and how it "mined"
390,000 tons of scrap from abandoned slag dumps.
Up to date Republic plants have received seven Army-Navy "E's",
one
Maritime
"M",
three Guidon Awards from
the Fifth Servico
steel
Command,
War
Office
the
of
Department,
Civilian
and
Defense.
National
a
Security
'
103 000 long tons of synthetic
Award .from
order
maintain
to
pre-war year.
Pace-setters
production,
its
to
623,000.
attain
taxes
1944.
$77,-
$88,759,000 for the first half of 1944, and
from $9,561,000 in
1939 to $22,801,000 for the first half of
The high in taxes was in 1942 when total taxes amounted to
1S39
/
'
the
•
,
Sierra
..
the
time the company tells the story of its armor plate
the Canton-Massiilon district and of the development or
many highly specialized steels for armament purposes,
■
The1 book
devotes a
chapter "to each of the steel districts and
manufacturing plants, tq its mines, metallurgy, safety, personnel and
finances.—V. 160, p. 2006.
. - •
''/"/"/
V.
during the .next
total
higher
in
a
war alcohol production,
proportionate increase in
160.
General
•
....
Seaboard Air Line
■Deposit— •'
Subs.)—Earnings-
Rheem Manufacturing Co. (&
—
»Net
Earns,
336,867.
406,829
666,634
408,829
$0.50
-
$0.73
$1.36
$2,04
share-
com.
per
1,003,701
362,732
666,634
profit
Outstand. com. shares
The
illustrated brochure entitled "A Story of Decentralized
released, the company announces the following
its 32-page
In
Manufacture,"
just
acquisitions in the current year'to date;
(1) In June, 1944, it purchased an interest in Platt-LePags Aircraft
Co.. a manufacturer of helicopters for the U. S. Army.
By agreement
with other large stockholders, Rheem will take an active part in vhe
profits
19,500
24,120
tax„
7,790
accruals
14,032
$54,160
reserve
910,465
135,851
,
169,214
172,511
13,974
398,
.
237,516
167,767
166,911
$62,208
$663,079,
$712,545
286
■
$54,558
8,434
Preferred
;
$45,858
dividends
Common
$62,494
8,700
—
Net income
—V.
5,728
$671,513
dividends
,
8718,273
8,813
105,174
.
$53,680
declared—
■•••,•
Sinclar Refining
$614,511
210,000
315,550
declared-.,——
160, p. 1901.
103,762
$566,339:
210,000
268,922
„■
Co.—Subsidiary Establishes Record—
The Houston. Tex., plant of Sinclair Rubber, Tnc./a subsidiary; has
established a record output of 175 tons daily since Nov.
lt
This is
about 25%
above the rated capacity of the plant, which is 50,000
short tons of butadiene per
year.
This translates into about 60,000
:
•
.
outstanding
bonds
the
of
respective
Seaboard Oil Co. of Delaware
30—'
3 Months Ended Sept.
.
issues
listed
are
the
on
the committee
long
E.
tons
W.
plant
synthetic
of
rubber
President
Isom.
will
enable
of
after
Sinclair
the production
combination with styrene. said
Inc., who added:
"This
synthetic rubber at a lower cost
Rubber,
of
on;a post-war basis than any probable natural rubber cost."—V. 160,:
Subs.)—Earnings—
(&
$3,224,449
1,043,526
.
Skelly Oil Co. (& Subs.)—Earnings-
1942
$1,945,026
710,983
1943.
$2,734,893
947;284
1944
Operating revenue
♦Operating and gen. expenses-,.-/-.^
and has been licensed to use
its patents and designs;
■"■/■■■
(2) In July, 1944, it purchased Bethlehem Steel Co.'s Atlas Steel
Jm and
(3) In August, 1944, it acquired the business of the Stokermatic Co.
of Salt Lake City,-a pioneer manufacturer; of automatic coal stokers
and stokerfired' water healers and basement furnaces.
23,000
surtax—
19,971
p. 1743.
management of the helicopter company
Period End. Sept. SO-^Gross
oper.
Costs,
Balance
?
Division at Bayonne, N,
Barrel
excess
,
through Chemical Bank & Trust Co,, as depositary.
The members of the reorganization committee are Otis A, Glazebrook,
Jr., Joseph France and Charles Markell.—Y. 168, p/ 2006.
,
$f ,505,014
'
have been author-'
New York Stock Exchange.
The certificates ai'e being issued in registered form by
Acquisitions—Issues Booklet—
21,907
—
——
.
thereunder.
Federal taxes and contingency reserves.
♦After allowing for
/
ized for listing on the New York. Stock Exchange on official notice of
the issue thereof upon the deposit from time to time of a like prin-!
cipal amount of the respective issues of bonds under, the deposit agree¬
ment, dated as of Oct. 1, 1944, betwen the committee and depositors
1944—3 Mo3,—1943
1944—9 MoS.—1943—
$22,758,000 $15,841,523 $54,025,000 $39,035,847
period End. Sept. 30—
Sales
taxes
Gross income
Interest charges
Railway—Listing of Certificates of
>•
Certificates of deposit for the several bond Issues
11,352
Utility oper. income—
Other income- -net
'
.
78,525
*
normal &
Retire,
1944—12 Mos —1943
$2,657,421
1,011,87.7
165,402
248,096
264,949
136,250
$229,650
.
103,348
22,412
Fed.
days,
he pointed out,
30
.
■
$246,649
—
Fed.
making war alcohol'at eight of its plants.—
,
Co.—Earnings-
1944—Month—1943
!.
1023.
P.
Power
30—
revenues—..
Maintenance
and
third of all grain used in
in
among"
Pacific
Period End. Sept
Operating
Operation
j
,
Is expected to
the amount of high-vitamin
poultry feeds made available to. farm markets, through
company's expanding by-products recovery of approximately one-
The
result
livestock
first
the
For
program
larger
still
a
month
last
Monday, November 13,1944
rubber as compared; with world natural
tons in the rubber industry's biggest
company's 14 war-converted
distilleries, he added, were those at Lawrenceburg, Tnd., and Schenley,
Pa., with production totals of 896,659 and 489,565 gallons, respectively.
Increasing its September production volume substantially over that
for the same month in 1943, the company, Mr. Kiefer predicted, will
^
356,000 in
of 1,390,661
production
rubber
■
the company reveals that it
employed more than 8,000 women to replace-in part mere than 21,000
men
who joined the armed services.
.. .
•
With net sales increasing from $232,000,000 in 1939 to $270,000,000
for the first six months of 1944, per cent earned on sales decreased
from 4.6'/*
in 1939 to 1.6% in 1944.
Payrolls increased from $83,In
FINANCIAL CHRONICLE
THE COMMERCIAL &
2080
_
./' Total
39,627
;
-
/.
$2,220,c:j
^
;
1944—3.Mos.—1943
1944—9 Mos.—1943
income—— $15,987,443. $13,153,880 $44,426,502 $35,428,553
and
gen.
,
taxes, etc.11.225,637
exps.,
$1,234,043
$1,787,609
$2,180,923
__
Other income—/.
cper.
30.585,041
8,895,284
24,031,993
7,263
31,296
$1,818,905
Oper', income
Other, income
$1,241,306
,
$4,761,806
$4,258,596 $13,841,461 $11,396,560
460,452
587,817
;
2,631,140..
1.545,718
,
addition
In
the
to
brochure
Prov. for
issued an eight-page
the company has
pamphlet report entitled '"yen-Year Financial Record," which covers,
among other
things, a 10-year comparison of property/ plant and
equipment, working capital, capital stock " and surplus accpitnts.
■Interest on
1084.
p.
./
.
■
int.
"The
♦Including
Federal
Antelope Copper Mines, Ltd.—Earnings, Etc.—
$448,326
$0.37
for all
1942
in
than
estimate
of
liability
current
for
under Revenue
Federal
"
/
"./
year
/••/"■. /
view
the
of
interest
for
/\
■'
.
acauisition
by Seaboard on June 29. 1942. of
Wellington Oil CO; nf Delaware, the above
the third quarter operations of tnat
in
Sept. 30, 1942, Seaboard held approximately a 96.5%
Wellington. •
As of Sept. 30, 1944, current assets, totaled $5,759,499 and current
liabilities amounted to $2,043,299.—V. 160, p. 670.
On
company.
•
"
S.
Supreme
review of
,"
Court
Nov.
denied
6
Tenth" Circuit Court
a
reversed.
Federal
Sherman
the petition
of "Appeals
of
Period End. Oct. 31—
grocers
1744,
—Y.
decision reinstating,
•
Act
by
to
fix
and
maintain
retail
food
,
..
160,
1743.
p.
Corn,
/ :'■
Oil
Shamrock
■/.■„.
■•;/'v,
Gas
&
"
;
/../•■/,
York
Stock
Exchange has
received notice that pavment
balance of the interest due July l, 1933 ($20.68
per $1,000
bond), and part payment, of the interest due Jan/1,. 1934 ($17.74 ner
$1,000 bond), will be made beginning Nov; 13, 1944, on the
prior lien
mortgage 5% gold bonds, series B, due 1950, and certificates of
deposit
therefor, on presentation thereof for stamping with a legend indicating
payments.
,
,
is
payable at office of the .company and on certificates, of
deposit, at office of Central Hanover Bank and Trust Co., New York,
Y.—V.
160, p. 2006.
,
per
rates
Period End, Sept, 30—
oper.
Railway
oper.
Ry.
rev.
tax
fr.
$6,697,937
2,798,116
ry.
Other
accruals:
,
serial'Wuk notes, due semi-ann.
July ,1, 1945 to July 1, 1940,
,
stock (pay $1)_!
Common
1944^-9 Mas.—1943
2,488,423
24,945,584
20,948,917
86,924
2,329,591
1,544,056
757,869
16,095,907
oper.
fr,
99,149
1,127,605
:
.
$350,000
1,345,570 shs.
.
■
;
,
the
of
.
$1,369,261
.
ry.
inc.—
to an average of 137,406,000 cubic feet daily./ Ap¬
80% of the corporation's present- natural gas production
gas," the remaining 20% being "sweet gas."
"sour
oper.
income.
29,387
268,874
269,835
$1,403,075
$1,165,672 $10,678,550 $11,690,555
313,294
347,547
2,870,927
_
income
$818,125
$7,807,624
29,662
7,855
281,519
$1,119,442
$825,980
$8.089,1.42
$8 631,281
259,306
249,491
2.289,285
2,547,979
Other
$8,526 232 \
$860,136
$576,489
$5,799,857
$1,722,579
76,418
:
$1,592,448
2,371,044
Net
158,
p.
147,349
739.527
255,963
317,526
260,002
653,467
522,716
income
$753,645
$636,629
$8,94,448
—
:
473,704
1863;^
$2,602,912
.
981,348
-
981.348
,
$5.38
S3.93
respective periods.—V. 160, p.
deferred
1744.
<
items,
$395,413;
other
assets,
$55,929;
total, $9,267,156.
•
stock
($1
$4,593,605;
par),
$1,345,570;
total,
capital
$9,267,156.—V.
converted
gallons during September from
beverage distilling plants advanced the
company's
total production, in terms of butadiene needed for making
synthetic rubber, .to the equivalent of nearly
the natural
rubber produced by the entire world in
194Q, Carl J. , Kiefer Vice-
the
President in
record Nov. 25.
change of production, disclosed on NoY 9
'/,
Mr. KJefer said the 80,672.173-gaUop total of 190-nroof,
^ic^hol nroduced and shipped by the company since before Pearl* Harbor would
provide the basic butadiene required in the manufacture' of more than
The
directors
common
have
stock,
Steel
nar
a
surplus, $798,512;
160, p. 1901,
earned surplus,
$7,866,868
4,279,284
333,646
43,446
573,141
523,980
142,680
133,846
1,805,209
1,701,164
$82,932
$91,336
52,794
$1,209,234
644,090
$1,221,426
52,369
$30,563
$38,542
$565,144
$567,608
653,818
,
14,287
14,286
171,438
171,438
$16,276
$24,256
$393,706
/ $396,170
1532.
P.
Lines—Listing of Additional
/•
...
■* ......
■
.
York Stock Exchange has authorized
shares
common
stock,
The
!
$6,971,097
3.524,527
59,767
/_
as
of
stock
common
(par
$5),
the listing of 271,403
official not*ce■ of
number of shares of
on
stock
a
dividend, making the total
applied for, 542,818 shares.
stockholders
on
Oct.
10, 1944 authorized an amendment to
of, incorporation increasing the authorized capital stock
to $5,000,000 by the authorization of 582,680 addi¬
tional shares of common stock (par $5).
The directors on Aug. 19/
approved a proposal for the Issue of 271,409 shares of additional
the
articles
from
$2,086,600
common
stoek
stock
a
of
as
to
the
holders
stock
dividend, i.e.,
however, reserved
directors,
of the issuance
manner
of
Southeastern's
on
a
the
outstanding
common
share for share basis,
The board
right to determine the time and
of such stock dividend
and it
is not obligated
Intervening events
271,409 shares
of
.common stock are. issued, the aggregate par value thereof, $1,357,045,
Will be charged against Southeastern^ earned surplus,,and its capital
stock liability will be correspondingly increased.
to
declare
should
such
make
dividend
stock
such
action
if,
in
its
inadvisable*
opinion,
If/the
Comparative Statement of Consolidated Income
Period End. Sept. 30—
Operating
revenues
operation
maintenance
»./_
1944—3 Mos.—1943
$5,676,294
1944—12 Mos.—1943
$5,777,170 $21,112,753 $19,123,943
and
2,859,096
2,433.227
213,906
463,934
228,724
licenses-
Operating rents (net)„_
26,395
24,178
Net operating revenue
$2,112,961
Depreciation
Oper.
taxes
Other
—
income
State
tax„__^
income
Post-war
income
7,854,663
882,468
1,674,447
94,905
47,535.
8.116,987
13,407
116,051
1,919,932
16,628
:
5,436,563
26,634
439,394
438,477
•
5.920,071
21,245
.
8.452
120,782
85,938
Crl58,381
...
,
$8,100,359
5,915
■
1,585,211
taxes_„__
refund
$7,807,128
2,560,736
100,379
profits tax
exc.
8,371,765
$2,554,442
6,294
$2,126,216
1,628
deductions
Federal
10,579,457
855,661
1,760,419
110,088
536,599
13,254
income
Income
Fed.
expense
expense
&
income
Gross
—V.
,:Crl91,993
Cr229,244
Cr575;342
$576,132
$702,378
$2,073,760
$2,221 ,'207
160, p.. 2007.
•
Southern Indiana Gas & Electric Co.
Period End.
Gross
Sept. 30—
revenue
Operating
Deprec.
■
■
'
,"> I
Provision
&
for
,
Earnings—
1944—12 Mos.—1943
$7,046,748
210,173
3,029,809
744,814
2,539,015
2,584,730
63,741
203,515
$95,615
deducs
$7,517,711
224,478
,61,081
taxes
$595,840
239,748
income
other
1944—Month—1943
$599,959
■.
expenses
& amort
Gross
value,
of
payable
60
Net
cents
Dec:
were
15
.
share on
holders- of
per
to
made
on
15
and Sept<- 15,
this year.- The current payment
for the yeay/to $1.80 per share, which is the same
paid in 1943.—V. 160, p. 2C07.
total
was
dividend
Distributions of 40 cents each
June
•
.
$97,448
$1,204,073
22,605
21,921
263,666
760,457
2,478,706
$1/222,855
224,110
Co.—60-Cent Distribution—
declared
no
4081.
1944—12 Mos.—1943
$622,274
,
deducs
issuance
Int.
Simonds Saw &
p.
'
$283,784; accrued liabilities,
$285,354; Federal taxes on income, 1943. $131,600; reserve for Federal
taxes on income, 1944. $1,213,231; other current liabilities. $200,000;
notes
payable, $207,500: reserve for contingencies, $210,000; capital
(trade),
payable
140,
'
shipments of 2,794.536
14
above.—V.
Co.—Earnings—
389,020
'
additional
$1,781,066:
Liabilities—Accounts
Schenley Distillers Corp.—War Alcohol Outputthis corporation's
Corp.
1944—Month—1943
dividends
The New
Net
notes
and
accounts
receivable
(net),
$465,325; inventories, $780,217; other current assets, $552,407; invest¬
ments, $270,000; fixed assets (net), $4,965,799; prepaid expenses and
Assets—Cash,
called for redemption on Feb.
1
next
f»201 noo of
mortgage, 5%, gold bonds, due 1952, at 110 and
Payment will be made at the Irving Trust Co
successor
n; Y.—V.
Products
Stock—/.
Balance: Sheet, Aug. 31, J941
ICO, p. 2006.
first
New York,
168.399
213.434
75,131
77,409
surtaxes
&
prof/taxes—.
exc.
'
■
$3,963,492
$1,798,997
$1,625,239
$1,404,543
deducts-
income
$6,083,302
Salmon Rivep Power Co.—Bonds Called—
alcohol
$1,552,211
73,028
56,848
Gross, income
Fed, normal
statement includes the total amount of transportation
actually Collected or accrued with the intention of making
One Wail St.,
$5,782,224
4,230,013
1942
$1,347,695
revenue,—
income
Total
There have been
War
the
Southeastern Greyhound
105,049
■
This
interest.
-
$1.32
Products Corp, above.—V. 159, p, 1485.
income
—Y., 160,
3,164,323
$1,089,7°0
collection from th& Govemment.-^Y;
trustee,
9 Mos. End.
1943:
Aug. 31/44
$7,323,699' $6,035,465
5,601,120
4,443,017
Nov;
30/41
Operating revenues—$5,135,374
Operating & expenses—
3,737,679
Fed.
outstanding
the close of
taxes
other
,
11 Mos. End. .—Yrs. End. Nov.. 30—
..
.
Gross income
Deducts, fr. gross inc.—
charges
at
income
&
Total
Statement
Income
Comparative
oper..
Non-operating income,■_
Note
$1.91
$674,399
for
Balance
.
proximately
is
$1,136,285 $10,409,676 $11,420,720
33,814
Provision
amounted
terests,
741,461
Net oper,
Net
,
share--
revenue
Preferred
>■
$350,000/
/
2,500,003 shs,
w
deducting royalty and other interests, amounted to*an average of 190,696.000 cubic feet daily
and, after deducting royalty and other in¬
854,941
—_
rv.
$3,864,574
Operating expenses
Deprec. & amort
Net
Corporation's interest in natural gas produced by it, and by othefs
its account, during the nine monihs ended Aug. 31/1944. before
.
13.208,458
115,571
inc.___
income
Net
4.168,800
$5,280,669
Period End, Sept. 30—
: Gross
Outstanding
corporation's production of natural gas-and crude oil
is obtained from properties operated by it, but a part is obtained from
properties operated by others in w'hich the corporation has an interest.
Most
ad
income.
oper.
ry.
outstdg.—
com.
Certain-teed
Gross
Corporation—Incorporated July 5, 1935 in Delaware.
As of Sept. 1,
1935, the. corporation acquired all of the assets of Shamrock Oil and
Gas Co.
The corporation is principally engaged in the production,
purchase, and sale of natural gas, and the manufacture and sale of
products derived therefrom., Corporation is also engaged in the produc¬
tion, purchase, and sale of crude oil, the manufacture and sale of
,products derived therefrom, and. in the acquisition and development of
prospective or proven gas and oil lands.
The principal activities of
the corporation are conducted in the Panhandle area of Texas, but it
has minor holdings of unproven gas and oil lands in Louisiana, Missis¬
sippi and Oklahoma as well as minor proven gas and oil lands in
Louisiana
and Pennsylvania,
Corporation also has an overriding
royalty interest in the production of crude distillate and natural gas
(and
products derived
therefrom) obtained from wells in eastern
Period—
Deducts,
i 5;806,500
from
$2,866,414 $28,391,058 $26,225,580
85,398
ry,
Total
,1,849,600
$1,297,899
981,348
:
/Authorized
inclusive \^—
.
$5,354,837 $53,336,642 $47,174,497
$3,899,821
opers.
valorem
oper.
period
South Carolina Power
Int.
Lines—Earnings-—
1944—Month—1943
revenues
expenses-
Federal income taxes—_
Other Federal taxes—,
Ry.
1,483,000
$1,877,304
981,348.
—;
in effect
See
for
Net
628,367
$8,033,374
Sloane-Rlabon Corp.—New Control—•
the corporation.
'"./.Capitalization
■■Texas,1 ■.■■■■■■■
St.. Louis Southwestern Ry.
Rai way
665,719
-
and exc,
for
shares
,
„
Offered—Kidder,
Corp.—stock
the sale will be received by
2%
the
N.
207,942
$3,147,499 $11,087,169
241,162.
$3,360,304
711,382,330 625,832,359
88,440,541
Peabody & Co, offered Nov. 8, 101,593 shares ($1 'par)
common stock at $6.75 a share.
The shares are being
sold by a number of stockholders and no proceeds from
>
St. Louis-San Francisco Railway—Interest—
.Interest
302,688
3.841,951
♦Provision for income and excess profits taxes was calculated at tax
$
$
■•
•
102,023,805■
•/"//'
directors have authorized the President to complete negotia¬
tions for refunding of $6,000,000 first
mortgage 5%; bonds; due 1959/
—V. 160, p. 1531,
■■■•■:\-
such
261,028
4,265,030
gas
bef, taxes-
taxes
Earn,
'
,
St. Louis Public Service Co.—Plans Refunding—
New
100,896
1,344,594
(Alexander) Smith & Sons Carpet Co.—Acquisition—
prices.—
■
.
The
The
inc.
Net,inc.
1944—9 Mos.—1943
11944^-Month—1943
/
Sales_______—
/■'</
of
■
'
/■
company
and
Anti-trust
dependent
p.
Net
profits
'
./ ■
■
••
charged that Safeway had violated the
conspiring to destroy competition by in¬
Government
V.
160,
82.146
1,460,241
and
See Certain-teed
.
The
;
"Prov. for inc.
;
consolidates
1942
interest in
Safeway, which operates 2,850 retail stores, appealed on the grounds
that the indictment, based on anti-trust charges filed, by the Federal
Government, was "vague and indefinite".
The indictment, was dis¬
missed by the- Kansas, Federal District
Court, but this ruling was
^
other
taxes
anti-trust" indictment.
an
notes
undeveloped oil &
properties, etc.:
$342,065
■■ $0.28
$453,392
$0.36
—
No provision made, or deemed to be required; for
controlling
a
statement
Stores, Inc.—High Court Denies Review in
Anti-Trust Decision—
a
serial
for
depict,
depreciation
1,556
78,405
debs, and
on
Sears, Roebuck & Co.—October Sales—
Safeway
-for
'''
$4,846,413 $16,472,601 $12^42,278
45,482
■
193,655
135,898
•
and amort, of disc,
Prov.
provision of $148,187
tax. .'■/'./."
upon
Note—In
directors
U,
Int.
tso'ooo
tioo.ooo
$5,222,258
'Non-oper.-charges .—//
and exp.
Welling-
profits taxes.
excess
Irvmg
The
23,513
8,000
income
(Based
-
Trust Co.; as depositary,' has received^ from the above
the following notice dated Nov. 7, 1944:
of Roan Antelope announce that the net, profit for
the year ended 'June 30, -1944, after' providing £563,000 for taxation
and £300,000 for replacement and obsolescence, amounted to, £329,835."
Owing to the; uncertain, conditions still existing, the directors do, not
recommend, the payment of.a dividend for the year: "The 17th an¬
nual general meeting will be held on Dec. 18, 1944.—V. 159, p. ,485. ;
409,879
income
Cancels, & write-offs of/
profit
Earnings per share—
company,
"The
21.120
646,125.
's
160,000
taxes—
of
earns
Net
.
Act' of 1942.
Roan
income
in
./
.
8,000
Total
414,293
ton Oil Co. of Delaware—v——*■
,
pany's. eastern.division.-. These plants are located .at Bayonne,, N,, J.;
Point,, Md.; Danville and William sport-, Pa,; Birmingham,
Ala.; Nevir Orleans,;La,; Houston, Tex., and Chicago, 111. (two plants).
160.
18,220
593,401
etc.-——_rr
contingencies/.——A
Minority
Thompson,
Sparrows
—V.
loans;„____—
for
.Prov, lor Federal
formerly .with ..Republic Steel- Corp., who
Joined the Rheem Manufacturing Co. in January, .has. been appointed
Production Manager of the nine Rheem plants making up Ihe , com¬
,E.
bank
for depl., amort.,,
Prov.
Production Manager of Eastern Plants—
Norman
590.267
1,092,603
Prov.
,
.
intang. drilling and devel-
opment. costs
.
March 15,
brings the
amount as
Divs.
income
on
pref.
$73,010
stock
Balance
,
$75,527
*$940,407
34,358
34,358
412,296
$38,652
$41,169
$528,111
-V. 160, P. 1744.
,
(Continued
on. page
2115)
"
.
$998,744
412,296
S586,s448
THE COMMERCIAL" & FINANCIAL CHRONICLE
Number 4333
Volume 160
Stock and Bond Sales
DAILY
New York Stock Exchange
«»
WEEKLY
-
United States Government Securities
we
furnish
the New York Stock Exchange
on
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
a
the current week.
Stock Exchange during
Nov. 4
Daily Becord of V. S. Bond Prices
Figures after decimal point represent one or more 32d of
Nov. 6
Nov. 7
Nov. 10
Nov. 9
Nov. 8
Daily Record of
As, 1947-52
8. Bond
U.
2y2s, Dec., 1964-1969
1 Low
[Close
Holiday
Total sales in
,
2V2s
Nov. 10
Nov.!)
100.6
100.6
10
—
100.3
\ Low
—
100.3
[Close
$1,000 units
1965-70—
100.3
1
7
100.3
100.4
100-5
100.3
Low
100.3
100.3
100.5
100.3
100.3
100.3
100.5
100.3
10
3
3
—
Close
Total sales
in
$1,000 units
f High
[High
110.12
j
2%s, 1967-72
Low
[Close
—i
110.12
Low
[Close
Total sales in $1,000
Total sales in $1,000 units—
[High
110.12
1
units
[High
—bLow
By*s, 1951-53-
■{
[Close
Low
[Close
Total sales in $1,000 units
Total sales in $1,000 units-
[Hign
j L°W
..
1946-48
38,
Nov. 8
100.6
[Close
Total sales in $1,000 units
3y8s, 1949-52-—
the New York
[High
(High
j Low
3yas, 1946-49
Nov. 7
Low
(Close
-j
•
.
-—
3%s, 1946-56-—
on
[High
[Hign
Total sales in $1,000 units
bonds
f High
Total sales In $1,000 units
is, 1944-54
Nov. 6
Nov. 4
Prices
2y2s, June, 1964-1969
Total sales in $1,000 units
coupon
point.
a
Treasnry
f High
] Low
[Close
Treasury
4
YEARLY
■
disregarded In the days range, unless they are the only transactions of the day. No account Is taken of snch sales In computing the range for the year.
NOTICE—Cash and deferred delivery sales are
Below
2081
f High
2%S, 1952-55
\
[Close
Holiday
Low
[Close
Total sales in $1,000 units
Total sales in $1,000 units
'
'>
[High
(High
2y.cs, 1954-56
\ Low
1951-55
3s,
\
[Close
Total sales in $1,000 units—
High
2 %s,
1955-60-'-
111.22
Low
[Close
—.
111.22
Total sales In $1,000 units
'.
-1 Low
100.17
100.17
units-
n
(High
\ Low
;
[close
Total sales In $1,000 units
units——
High
[High
2s, March
1948-50—
.low
—.
j Low
:
23>,5, 1948-51
1947™
2s,
I
[Close
In $1,000
100.17
Low
1956-59—
Total sales in $1,000
2
.
[ High
Total sales
.[High
[Close
2J/4s
111.22
-
2%S, 1945-47
Close
[Close
Total sales in
[ High
2s, Dec. 1948-50
Total sales in $1,000 units
$1,000 units.
[ High
.
(Close
Total sales
in $1,000 units-
Total sales in $1,000 units
3s, June, 1949-51
units
■[ Low
[Close
Total sales in
[Close
Total sales in $1,000
$1,000 units
| Htgh
—
3a,
[Hign
j Low
2%S, 1958-63——
Sept.,
1949-1951—.-
[ Low
(Close
Total sales In $1,000
[Close
unlts.
Hign
Total sales in $1,000 units———
Is,
[ Hign
j Low
2%8, 1960-65
Dec.,
1949-1951
Low
[Close
Total sales In
$1,000 units
(Close
f High
Total sales In $1,000 units——
2s,
■
March,
1950-1952
4
*
Total sales in $1,000 units—
Low
1945
[High
Low
[Close
Close
Total sales
2s,
In $1,000 units
Holiday
[High
S%«,
1948-
—
..."
Sept.,
Total
-I Low
——
[Close
1950-1952—
Low
[Close
Total sales in $1,000 units—
$1,000 units
2
1
Low
—
Close
—
Total sales in $1,000 units
;
[High
2s,
[Close
1252-1954™
4
Holiday
Low
(Close
Total sales in
High
100.13
Low
100.13
Close
■
100.13
$1,000 units
(High
2s
1953-55——
V„-
10
Total sales In $1,000 units
Low
[close
:
■
.
Total
f High
——{ Low
1%8, 1956-58
100.23
—
1951-55-
Total sales in $1,000 units—
1
100.23
100,23
100.23
[High
28.
[ High
-j Low
2%s, 1952-54.—
5
100.23
100.23
[Close
Total sales In
[High
1%S, 1950-52
101.7
A
'
|%S, 1949-53-.
101.7
f High
————{ Low
1951-1953
2s,
101.7
\
sales in $1,000 units
Total lales in $1,000 units———
«
Low
I close
[High
2%s,
High
r
—
[ High
\ Low
:
Low
•
[Close
1 ■Low
2%S, 1951-54
2%s, 1956-59..—
Low
(Close
Total sales in $1,000 units
sales
In
$1,000 units—.
(High
.
1%S
1948-
j Low
[Close
(close
Total sales in $1,000 units——.—
Total sales
In
$1,000 units
—
(High
4
LOW
I Close
2%s, 1962-67
Home
Total sales in $1,000 units-
S%8,
Total sales in $1,000
'
■
Total sales in $1,000
J
per
$
share
per
*109.
110
"109
59
59
8%
8%
8%
*64%
67
"64%
—
.
h
—
-
—.
12
%
12 1/4
31%
"30%
32
23 Va
22%
39
'
■
—
39%
38%
39
"88
6 Va
2 '/a
2%
2%
*28%
28%
"50%
51%
*50%
28%
28%
28%
.
109%
*58
8%
8%
66 34
x63 %
60 %
60%
8%
64 V2
*108
1,000
110
*58
60
60
.
20
10
8%
8%
*63%
64%
300
12%
6.500
2,600
.} —
14 %
150%
150%"
*15%
,
2 %
31
For
J|:
footnotes
30%
see
114
24
60
8% Aug
8
ACF-Brill
Motors
Co
Adams Express
Adams-Millis Corp
23%
22%
23 Va
*22%
23%
400
33%
39%
39 Va
39%
39%
39%
4.100
88
89
88
88
2%
1
*88
6 Vf!
169
165
2 %
6
%
166
6
Va
166
2%
2%
2%
28%
28%
29 Va
28%
*50%
—„
51
50%
51
28'%
28
28%
28%
28 VA
,
.
__
„
*84%.
y4
1,88
■
*84 %
*51%
28%
88
*84y8
14%
14%
14%
15
*14%
150Va
150%
150 y4
151
80
6 V4
166
2%
29
52
28%
8.500
/
50
7.200
2.900
300
4.100
.
16
„
__
30'
2
2091.
—
■
*15%
30%
16
30%
*15%
30%
16
30%
150
88
*15%
30%
14%
150
800
2.200
900
^
Air Reduction Inc
Jan
3
10% Jan
27
26 y2 Jan
31-
19 y2 Jan
6
No
9% Aug
1
No
par
l_g
No par
18
124
2
Jan
3
Mar 29
23 y2 Jan
3
Jan
4
24y4Apr
19
Jan
21
37
70
13%
29
!'
63 Va Mar
115 y2
Sep
3
3
411/4
Jan
57y8lep
13 Va July 12
31% Nov
4
7%
Jan
13
25%
Feb
18
14%
Jan
Apr
32% July
21V'a Mar
July 15
Sep
6
38%
Jan
48%
67
Jan
76Va
Sep
7% July 13
3%
Jan
7V'8
Apr
Jan
128%
Dec
66
Nov
24 y2 Oct
166
Nov
6
3
July 14
34% July 14
58% July 14
29% July
5
85
July
Jun
3% July
&
Jan
5%
Jan
32%
13
Jan
45%
18%
Jan
31% July
85 y2 Jun
13
64
Jan
15% Oct
7
7
Jan
26
5
140 V2
Jan
Mar 18
16% Feb
5
10%
Jan
14% May
35?A>Mar 27
16 y4
Jan
,37% Nov
Apr
3 '
Aug 15
75
Sep
Sep
152% Oct
9 'A Jan
.141
Jan
Nov
52
93
13
51 ya
108
Jan
43
Jan
12
$ per share
35%
37'A May 18
51^ Apr
23
7
75
10
Jun
Highest
t per share
July
100
Allen Industries Inc
Allied Mills Co Inc
64 y2 Jun
par
Albany & Susquehanna RR
100
Allegheny Corp_,
1
5%% pf A with $30 war
_100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd
100
Allied Chemical & Dye
53
21
Par
—1
No
Alabama & Vicksburg Ry_
Alaska Juneau Gold Mln
Allied Kid Co
16
31%
™_
52% Feb
10
Address-Mutigr Corp
*164
.
25
-
200
88
;
——2.50
Acme Steel Co
32
14%
8
Jan
*31
',
t,
—
28%.
page
Nov
47
12 %
52
151
*15%
16
*30%
14%
151
109
31%.
■
*14%
100
No par
12%
6%
19 at 100.16.
Lowest
# per share
No par
31%
6%
share
Abbott Laboratories
12%
——
Oct.
Year 1948
Highest
4% preferred
Abraham & Straus
32
;•
!.
S per
par
12%
12%
on
Range since January I
Lowest
.
*30%
1.
•
54 bonds sold registered
Range for Previous
STOCK
—
88
*84
88
"84
109 %
60
Shares
YORK
EXCHANGE
--
j;.
„
6%
28%
28
109
60 Vi
f per share
NEW
the Week
*22%
,
169
*164
.
12%.
89 %
6 Va
170
"165
,
*88
89%
6
109
60%
*64%
■
i'1
iff
23
*23
60%
Sales for
Nov. 10
t per share
8 %
66%
12%
Friday
Nov.9
*58
,
'
8%
31%
*59 %
bond.
STOCKS
Thursday
> Nov. 8
$ per share
"
registered
RECORD
PRICES
Wednesday
,
■
110
60
SALE
I per share
60%
60
HIGH
Nov. 7
share
GO
"58
AND
Tuesday
<»
60
units
■"Odd lot sales.' JTransaction of
LOW
.
[close
■
.
units
Monday
Nov
[High
.j Low
"
NEW YORK STOCK
Nov. 4
Loan
iv2s, 1945-1947
[High
4 Low
[Close
1963-1968—
Owners
11%
165
May
Jun
July
THE COMMERCIAL
2082
Monday, November 13, 1944
CHRONICLE
& FINANCIAL
NEW YORK STOCK RECORD
Range for Previous
STOCKS
Nov. 4
S per
t per share
share
20%
21
21
102 7b
371a
36%
37-%
112 VI*
112 la
21%
*112%
113%
*20%
21%
3%
3%
3%
37
*21
*
3 VL>
*40%
42 Va
*40%
"
100
100
27 7b
28
*27%
791a
74
20%
44%
44%
.181%
'
26
*3%
10
4
.
*26
.2%
2%
2%
.
26%
J267«
*26
26%
.
.
90
95
17%
17%
17%
17
92%
92.%
92
92
92
36
36
36
36
36
•45%
*74%
6
6%
*73
•
%
'
21
21
11%
12
36%
2%
2%
•
53
46
46%
11%
12
11%
12
14%
14%
74%
74%
*36%
36%
2,%
2%
40 %
158%
158%
39%
159
158 %
25%
25%
25%"
25%
25%
.
17%
17%
17%
17%
17%
*17%
23%
23%
23%
23%
23%
143
*28%
29%
*28%
163%
163%
163%
68%
67%
92.
92%
2,330
25%
25
25
*24%
*112
115
*112%
*43%
110
'
"T—.
:
:
1107b
106
1067b
*44
107
107
66
66%
3%.
54'A
5%
97
*165
44
43%
3%
*3%
3%
54 'A
53%
547b
5%
5%
97 %
96%
*105
108
43%
43%
*10%
37%
29 Tb
29%
29%
109%
109%
110
96%
;■
;
A
700
Archer
6.100
••
700
P
W Paper
&
800
43%
Artloom
X17'A
4,900
17%
x
108 7b
109
*109%
1107b
1087b
x1057b
106
106%
106%
457b
'
157b
157b
*55'/2
99%
109%
68%
69
100'A
68 Tb
100
102
•'
40
13.600
2.300
40
40 7r
41
40%
40%
3.500
37%
35%
36%
36%
367b
2.000
74%
*73%
75-
75
75
30
30
*
<
O
i
OS"
30%
111
*110%
30
30%
*110 7b
111
15%
15%
15%
15%
*55%
567 a
*55%
56
*60%
56%
60%
6774
99%
*108
108
45%
61
„
617 b
*60%
617a
*11474 114%
114%
114Tb
18%
*17%
*114%
115 T4
*17%
1074
18%
10%
*114 7b
1157b
*17%
18%
18%
•
10
9%
10
*10
107 b
*72 7b
75
*72%
75
*72 7B
75
4%
5
4%
5
4Tb
.
5
—
75
,
4 Tb
157b
30'A
111
15%
200
4.400
100
1
170
*114%
*1874
10%
18%
5
5
75
57a
48%
16% Jan
45%
Oct
11%
Jun
120
154
AUg 14
180
173
.
Jan
16% July
75% July 13
Jan
69% July
18% Sep
8%
Nov
10
22% Jun
10
27% Mar 16
9
15%
Jan
18
Dec
32% Mar
36
43
Dec
Feb
Jan
45
141%
Jan
17% July
——100
Jan
33
111
Jan
115
100
—25
—
156
30
16
129% Nov
3
91
Jan
31% Jun
16
21%
Jan
Aug
32% Aug
Jan
6
164% Oct
158 % July
56% Jan
3
57% Jan
8% Jan
3
6% Jan
84%-Jan
:
—————100
1
65% July
129%
Jan
146% July
6%
Jan
19
Jun
28
32
3
12% July
49%
Jan
9
88%
Jan
3%
Jan
8% July
94% Aug 17
55%
Jan
79% July
*
7%
Jan
3
5
3T'a
Nov
Feb
16
54% July 26
42%
Jan
24% Jan
26
28
24% Nov
31%
Apr
Jan
24
33% July 17
24
Jan
29%
Apr
Jan
23
% July
116
Mar
25
6% July
July
6
7
28% July 20
Jan
6
117% May 26
111%
Jan
9% Jan
10
7
8%
Dec
14%
Apr
2 7b Jan
2
1% Jan
3%
Feb
Sep
20
Jan
114
Jan
3
4% Apr
19
74% Jan
' 9
42
No par
5
'
85
Jan
3
35% Apr 18
17
8% Jan
3
4
Oct
13
4% Aug 30
16
34
Jan
47%
6% July 5
98 Vs Oct 21
3
Jan
6%
46
Jan
75
Sep
7
49
Jan
84
Dec
46% Jun 28
30
Jun
57
Jan
119
12% July 10
13% Jun
Jan
40%
Jun
6% Jan
10%
Jun
4%
Jan
10%
Jun
7
6%
Jan
15%
Jun
1
72%
Jan
97% July
59
Jan
28
17% Oct'
Sep
Jan
3
110% Nov
85% Jan
3
108% Nov
8
May 19
45% Sep
6
29
Jan
39%
Oct
July 11
100
Jan
108%
Nov
90
33
No par
103 % Jan
19
53% Jan
3
82
108
71 %
Jan
7
102
25% Jan
3
44
Feb
15
25
•
;
July 20
Nov
10
May 31
94% July
67% July
44% Jan
66
90% July
Jan
38
24% Nov
3
19
Jan
36%
Oct
Nov
10
44
Jan
68
Oct
18%
Jan
28% May
75
Oct
9
3
17% Oct
5
6%
Jan
7
57% Oct
50%
Jan
52% Apr
19
2
12
52
Jan
113
Jan
,
r
112
-100
May 26
14% Mar 31
No par
May
38% Nov
18
32% May 17
114
62
Jun
120-% Aug 14
18% Oct
106
113%
Mar
28
7%
Sep
13% May
57
Sep
68% July
123
16'
Jan
Jun
Dec
8
2%
Jan
9% Aug
9
28%
Jan
85% Aug
Apr
19
13% May
84% May
3% Jan
3
5% Aug
8
24
24% Nov
10
10%
Jan
20%
Dec
Apr
3% Jan
9% Jan
3
10% July
5
3%
Jan
10
Apr
3
18% July
5
6
Jan
14%
Apr
5% Jan
12%
Apr
34% Jan
63%
Dec
par
7
-No par
3
66
c—13
100
18
—
Apr
54% Mar
16%
11% Jan
of Del
Nov
53%
9% Aug 14
-
4
50
No
May
44
Smelts.
Nichols
Sep
121% Aug
Jan
3%
12
98% Aug 15
63% July
Jan
115%
10 V* Aug
3
,
Jan
120% July 11
10
67b Jan
67% Jan
Jan
43%
49
3
pur
42%
13% Jun
19
,No par
Jan
July. 14
July 11
152% July 6
7
127%
75
3
Jan
139
18
75
26
Corp——!
Jun
7
39% Apr
preferred—.,i—
Dec
26% May 17
116% Apr
(——No
Js5 prior A—.
Aug
29% May
Jan
Jan
15
53% Jan
Aviation Corp
Apr
151 %
Oct
19%
Aug
17%
pref series A,;
29,890-
Apr
161
35%
107% Feb
Austin
Apr
May
47Tb
144%
160
13
Jan
12%
25
30
1R% July 8
32% Nov 10
100
conv
Oct
10%
54
% July 10
July 12
45% Oct 11
151
Apr 24
146
Feb
Oct
17% July 10
3
Jan
4% May
Jan
7
Atlas Tack
1,600
6%
14
.8(4
74%
75
Jan
Corp—,——,,——5
preferred—
—50
Powder,——
-No par
Atlas
20
11
Jan
24% Jan
conv
6%
60%
Oct
i°8
59% Jun
4%
Atlas
56
Apr
Nov
36
18%
36% Jan
...
115%
27!a
125%
Jan
Aug 29
39% May
—100
100
—100
Atlantic Coast Line RR——100
Atl G & W I SS Lines,—1
5,% non-cum preferred
100
Atlantic Refining—
——:
25
60%
56
<
Jan
x26
Vs Aug 10
147
"preferred———
Atch Topeka & Santa Fe,
5% preferred,,,—
100
20%
116% Jan
31
38 Vs Aug 22
Jun
3
7
13% Feb 21
2614 Jan
3
5%
2.200
Oct
Feb
11 Vs Mar
Assoc Investment Co,,
74%
15%
56'/a
Tb
*44
'
7%
150
35%
—'
3074
60%
108
457b
6%
110
40
110
15'A
1077b
67
66
99
*44
•
•
Jun
3
Associated Dry
1107 b
15%
10%
7%
59
12% Jan
1.300
17%
12% Jan
5
6
Goods,————1
1st preferred———,—100
2d preferred,,———
,100
10'/a
17'A
Sep
10
17% May
21
Constable Corp———5
Corp————,,—No par
Arnold
11%
10
82%
130
21
9%. Feb
177b
Nov
22
$6 conv prior
107b
Oct
68
12
Co of Illinois—
11%
47
Jan
7% Nov
10
Jan
7%
108
Feb
13
12% Jan
preferred—No par
preferred —!——-———100
Armstrong Cork Co——No par
*.
7%
49% Sep
Midl'd—:
Daniels
Armour
39%
Sep
9'/a May
:
Nov
163
Mining———20
Co Inc—;
—-5
*9%
82
*55 lb
61
300
■
Andes
*10%
107 7b
37%
*74 7b
6
Copper
200
66%
Jan
Jan
12% Aug 21
Cable——No par
Anchor Hock Glass Corp
,,12.50
$5 div preferred
—No par
9%
40 74
.
200
12
17%
667b
39%
82
10
*11%
12
106
107
37%
*17%
*11
1107b
-
__
46
40%
37%
11%
:108
./"■
4%
5%
51% Aug 23
Anaconda Wire &
11%
■
—
.
99'A 100
100
*74 7b
25%
1147b
"
46
40%
25'A
*112'/2
*44
17%
1067b
'A
25 %8
114%
130
7
Jun
19% July 20
Anaconda Copper Mining—
9%
17%
1774
16,700
V
37% Jan
Aug 30
3
preferred——25
prior conv
May
24% Aug 14
Elec
Preferred
$5
May
5
"25% Oct 21
18*
—14
—100
Woolen
Amer Zinc Lead &
70
Feb 14
par
preferred—!—•— No par
1st
>$6
*10%
10
10
109%
100
*24%
*112%
54%
*43%
11%
*10%
17%
*106
25%'
:114%
3%
*105
43%
109%
*44
2,400
30%
108
107 b
*106
4%
92%
Wks &
Water
American
487b
97%
11%
10
4%
*47%
Am
1,100
4%
48 %
92%
27%
*105
*11
937b
4%
30%
97%
43%
300
1,200
8%
27
97
44
8%
97
30%
97
108
*105
8
*47%
*91
-
5%
5%
97
27%
5%
97 %
.
'A
30%
6
6
5%
97%
8
27
54%
54
54
54%
8 %
8%
98
22,700
40%
Jan
3
preferred
5%
1197b
30%
*3%
3%
3%
3%
*3%
*54
11%
.13-
11
12
*118%
Jan
Jan
2
20
American Viscose Corp
27%
27
*30 %
114%
*11%
Amer
8%
4 %'
30%
30%
30%
1,300
4,000
98
48%.
27%
127b
427b
*118% 119 Vs
92%
48%
27
27%
12 7b
41%
35'
53 %
9
Nov
Jan
25
12%
Apr
11
class B,
44
*8
4%
145
Apr
4%
9
preferred —,——100
Type Foundries Inc
— 1U
12%
8
*47%
144%
145
36%
Jan
Feb
—
42'A
'
8%
4%
*47%
48
*25
144
Feb
2%
16% Jan
Telep & Teleg Co,,
Tobacco
Common
164
Jun
30
Jun
July
29
Sumatra Tobacco,
6%
98%
92%
Am
4,200
8
92
i
4%
4%
297b
'
68%
8%
8
Preferred
400
.
78%
87%
100
No par
American Sugar Refining
1,000
48 74'
130
26
Jan
Jan
Jun
40
t—,_No par
Stove Co^,—_,—,No
68'A
98%
9
8%;
American
68%
119%
8
American Stores.
x67%
*118%
...98%
*98%..
700
68
12'%
•
24%
Jan
2
No par
American
44'%
f
preferred
700
:
,17%
Amer
12%
8%
non-cum
7
39
44% Feb
100
25
.—100
Steel Foundries,,
Amer
6,100
26
1,100
44%
9%
6'lo
140
146%
May
Jan
3
American Snuff
46 Vs
Apr
9
32
7
-Preferred
540
: 500
44%
1% Jan
5
12% July
62 % Jan
9,000
45
98%
2,600
29% May
18% Nov
13% Jan
preferred
<?onv
10
22% Oct
——100
~4Vs%
67%
12%
8 %
960
407b
115% Feb
par
American
67%
12%,
*118%: 119%
32%
159
20
.
Jan
5
102
Safety Razor
18.50
American Seating Co,—„_,No par
Amer Ship Building Co—No par
Arner Smelting & Keig
No par
.
67
143%
143.
v
6,000
x67
44%!
9%
66
29%
12%
*98%
177a
;•..
67%
163%
r
45
119%}
25'A
*24
47%
67%
142%: 143%
*
,
■
*128 7a
163%
67%
v
24
47%
*28%
67%.
25%
17%
128%
29 %
67%
.
47%
67%
67%
*30%
146
128'%
163%
67%
*112%
44%
14676
47%
*28%
.
67%
27
44%
128%
163%
29%
163%
*47%
159
47%
128%
128%
*28%
4%
40'/s
40
128%
48
47%
48%
130
*91
32
32
158 "A
*146
23%
163%
.
1,300
/
:
■
25%
*44%
16%
44'A
,
146'%
*146"
147
158%
44%
*44.
44%
*44
*146
159
17%
*118%
16%
39%,
40
158%
*23 %
12%
900
-.
14%
..No
News Co—
Light
—No par
preferred.——
No par
$5 preferred—,,,
No par
Am Rad & Stand San'y.
No par
Preferred
—t—j———100
American Rolling Mill—
25
940
17%
31%
32
32
32
142%
75
17%
16%
39%
*
74%
17%
16%
32
*48
75
17
39%
*128%
178
17%
*16%
25%
12
*176
14%
74%
16%
44%
11%
178
&
Mach
$6
11,900
12
■
17%
17%
147
*176
75
32
15
46
Amer Power &
6(600
74%
39%
Feb
Mach &
American
6,400
46 7b
14%
16%
44%
53 7b
46
14%
17%
*146
53
46
14%
16%
12,600
53
11%
12
178
17%
%10
2%
45%
.
14%
16%
36'A
2%
■
52%
46%
17%
240
128
36 %
36%
2%
.
.
53%
17%
*31%
128
132
74%
74%
4
2,600
25
24%
24%
14 %
14%
29
8% Jan
25'A
*175
178
*175
178
*175
14% Feb
11%
45%
11%
,
Fdy CO——No pur
Amer
*129
6% Jan 12
Metais,—!
No pur
Amer Metals Co Ltd——a.,No pur
6% preferred—
!_
—100
Amer
Jun
Jan
Nov
9% July
4
2j800
4%
1%
6%
22%
974 Aug 10
50
Jun 13
4
—
Dec
7
79
10
12,100
"
25
Jan
12%
12
19
80 % Jan
preferred
7%
18 7b
25
Jan
1
Jun
54%
,
Feb
104%
7% Aug 18
7% Apr
preferred—
50
Locomotive——No pur
18%
Jan
76% Oct 23
61
conv
Dec
42% Deo
1
Jun
46
Mar 27
10
par
13%
97%
11
•
Jan
11% May
27
37% July 17
6 % Aug 18
*
,100
'500
102
102
19
3
65
Jan
11
92% Oct
39% Mar 31
;
112% May
25% Apr
8
Apr
3%2 Jan
116% July
Feb
Mar 22
102
10
10 *
Jan
Apr
Nov
6%
5% Mar 16
14% Feb
12
2%
54
467a
American
17 %
52%
53%"
46%
American
b%
22 3A
27
Jun
July
96
20
Aug 13
29
45%
107
% July 24
4% Aug 17
,
4
,No
Corp
24%
.
par
Invest Co of .111——
800
49
22
■■
12
'
53%
21%
Internat
80
Jan
18% Nov
—100
preferred^
6 % non-cum
Amer
17,500
8%
*8
*47%
49
100
1,600
8%
17%
*36%
36%
2%
2%
A1'
8%
8'a
21%
2j000
7«
Jan
Nov
Sep
53% Jan
•
6
33
91% July
185% July
18 V*
10% July
59
9% May
Jan
Nov
168
59%
26
Jan
Aug
24%
107
7
15% Jan
71%
Apr
134
19
Oct
Apr 25
68
par
-No
Ice,:
American
101%
132
*129
132
36%
*36
6%
8%
%
*47'A
300
16%
.
24%
25%
25
*129
6%
8 %
200
6%
101%
12
25
75
16%
16%
133
43
76
*45'%
101%
*101
16%
25
2,200
'
12
*11%
300
5%
75
8%
o*,4
16%
*130
36%
5%
7^.
21%
20%
101%
*101
i*36'/o
."
Jan
1% Oct
$7 2d preferred A
———No. par
.v$'6. preferred————No pur
American Hawaiian SS Co,—.—10
American Hide & Leather—
—1
6% conv preferred,*
50
American Home Products,—
1
900
46
6'/a
a
'■
.
49
*47%
.
16 %
16%
-
v
21%
20%
'4
lOl1?,,
*101
49
5'A
46
8%
"o
8%.
*47%
49
917b
5%
*74%
7- "
8%
8%
8%
8%
*8
*47%
V
6%
6*a
75
75
8%
8%
91'%
—No
3%
Jan
8
preferred—,—.
Jan
,15
Sep 14
2% Mar
23
$7
9,800
,
'
74%
21 %
No par
2,500
.
17%
16%
36%
"
6%
6%
*73%
75
"
*8%
94%
94%
91
*36
47
74%
75%
,
16,000
2 Tb
2%
2%
127%
130% Oct
Mar 10
14
101% Feb
Export Lines Inc.,——3
Amer & Foreign Power——No par
Sees—;
25
115
1
5
American
17%
x91
.
5%
*45'
'45%
*43%
75%
300
94%
16%
Vb
5%
5%
5
5%
5%
*44 *
*74 %
American
Amer European
26%
2%
,
92%
36
17%
600
700
*26
3%
.Sep
43% July
27% July 15
26
18
Tiling———1
Encaustic
3 Tb
107b
26%'
x94%
.96
95%
6 300
28%
*10
3%
26%
2Ts
2%
2To
97
*96
i 30
Jan
92 %
10% Jan
—10
American Crystal Sugai*,
^-10
6%
1st preferred
100
Amer Distilling Co stamped,20
2,000
Jan
Nov
9%
Jan
July 10
42% July 14
4
Nov
61
4%
27%
July 12
95% July 13
18
,
Dec
18
183
5
108% Feb
—
10%.
*10
26%
♦
18%
23
107
Colortype Co,:
American
,500
106
27%
28%
3%
4
10%
*10
,14%
137/a
*105%
106
280
129
18%
18%
-
27%
27%
*3%
3%
10%
.10
10%
.
' 3%
,
27%
27 %
27
27%
27%
*
14 V*
18 Y*
106
1*100
68% Jan
18%
Jan
47
76% July
Jan
Oct
14
1
33 Vs Apr
9
Sep
Jan
8%
19% Jun 27
May 12
Mar
6
Nov
69
3
■
170% Jan
Preferred
1087a
129
129
*13%
18%
106
26'/a
26%
8
82
Can
American
600
52
133
& Radio Corp—
Cable
Amer
4,600
917a
*107
.108'%
,128%
14%
18%
106
106
*105
106
'
*13%
18%.
18%
18%
18%
129
129
.129
13%
14%
182%
39%
91'A
23
46
1
—,,,,25
.100
American Car & Fdy
.—No par
non-cum' preferred
—100
Am Chain & Cable InC——No par
5% conv preferred—!
—100
American Chicle
.No par
CO OO r-~"
26%
26%
'*107
2,900
182%
91
26%
108%
11,900
88
540
84% Oct
23 Va July
,M26% Apr 12
11%
87'%
25
14
No par
Brake Shoe -Co_a.
Am
Oct
Jun
34
37% Jan
5%%' preferred ———100
•
31%
25
14
7% .Jan
Corp—
-90
11%
38%
91
Bosch
American
1,800
V.
130
:
182 ',4
38%
"
45%
130
87 'A
182
:
39
1,000
'
preferred,
6%
60
16%
45
,11%
87
91
*107*
128
13%
*13%
*105
U%
38%
108%
128
128
11%
87%
.
*90*
26%
,
26 74
*107
45%
69%
16'A
129%
181% 182
91%
25%
•
45'A
131
11%
181%
38%
90%
308%
25%
•
38%
*68%
129%
45%
45
87%
90%
*107
16%
Jan
86%
Jan
69
15%
"Sep
■2% July
Jan
Jan
60
69
■■
23%
%
13%
Jan
.———50
—1
20%
Sep
Dec
23
Apr
.
.
16%
X67
Apr
Note
43% July
14
16
Airlines. Inc.——
97
Jan
31% Jan
58
American Bank
Jan
17%" Jan
110% July 17
.10
American
1,400
16%
12
July 14
42% Nov 10
,10
3,400
21
69
28% Jan
Jan
4
Mar 29
827b
5
28
4
May 17
20%
*68%
23% Jun
19
Jan
2
82
81%
July
118
17% Apr
26
20'%
•
6%
26 %
40% July
Agricultural ChemicaLNo par
81%
11%
87;1 It
39
38%
Amer
20'%
129%
181%
181
*89 7b
27 %
8Q,%
*15%
44%
87%
100
27
80%
11%
.
87%
700
500
200
27%
*129%
.11a
900
27%
3%
42%
27
.129%
130
100'A
*3%
100%
105
100
preferred——,
conv
103
24
Apr 19
$ per share
73%
July 10
July 7
5
22
27
3
33 % Apr
par
Alpha Portland Cem—
No par
Amalgam Leather Co Inc
1
6% conv preferred
—
—,50
Amerada Petroleum Corp—-No par
42%
3%
42
100
20%
10
44%
1
100
68%
15%
.,
3%
3%
*99%
20%
'68%
15 %
11 %
21%
80
681t
87 la
4 r/o
200
113%
*20%
No
Highest
$ per share
$ per share
share
14% Jan
96% Jan
100
preferred
5%
Allis-Chalmers Mfg
27%
15 7 h
*12.9 'A
113%
217-s
*40%
.
*6714
20
113%
42
80
20 74
37%
7,500
*21
21%
42
28
80
100
38
*113
113
*20%
*3%
42
80
103
,_b—No par
Allied Stores Corp
4,500
20%
•
S per
Par
*102-%
37%
37%
37 %
36%
*112
,
100%
*100
20%
21
102%
102%
102%
*102
Shares
.
Year 1943
Lowest
Highest
Lowest
EXCHANGE
the Week
$ per share
share
20%
21
20%
v
21
102 %
*101%
7b
:101
$ per
$ per share
share
$ per
Nov. 10
Nov. 9
Nov. 8
Nov. 7
Nov. (>
Range since January 1
STOCK
YORK
NEW
for
Sales
Friday
Thursday
Wednesday
Tuesday
Monday
Saturday
(The),
Jan
25
6%
3% Nov
Apr
B
23 7
23 7 b
8%
■
8%
•
23%
23%
23%
24%
19,500
Baldwin Loco Works ▼ t
8%
8%
8%
8%
8%
12,100
Baltimore & Ohio
14Tb
14%
14%
14%
15%
15
15 %
12%
12%
12%
12%
12%
12%
12%
12%
900
12%
.
14%
5,000
15
12%
*6674
67
24
24%
*24
23%
22%
23 74
8
8%
8%
*147B
*66 7 b
23
s
67
66 Vs
66 %
20
24%
24%
24%
24 %
24%
14%
600
17%
17%
18
18
*17%
18
300
51%
51
51
*51
51%
*66 %
67
2474
*66%
67
100
50
preferred
—
& Aroostook
Conv 5%
preferred:—
4%
Bangor
187 b
*177b
187b
*51
51%
51'4
5174
*51
15%
15 7
B
>15%
15%
15%
16
15 To
16%
7,300
16%
16%
16%
16%
17
17
17%
5,200
Bath
16%
31%
31%
31 To
32
32%
33
33%
1,400
39%
1,700
Beatrice
109%
150
1674
*3174
a
*31'4
313 a
109
37
38
*33%
38
10 3 b
4
3774
37%
109 74
*36 7*
*33 7
15 7
16%
*1097b
10%
10%
10%
10%
11
11%
33" a
33 %
*33%
35
*33%
33 3
a
121
121
*118
*1174
137 b
13 7 b
11%
11%
44 7b
45
For
.
109%
1097b
121
■■
*118
*11%
11Tb
1374
13%
44%
4574
footnotes see page
2091.
;
109
%
>109%
>118
123
11%
12
13%
141
45
45%
a
39
39
109%
1031a
12%
13%
*33%
35
123
11%
■
*119
14 7b
35
123
30
61,900
30
100
11%
11%
400
20,000
6,300
14
14%
14%
15%
45%
45%
46
46%
Iron Works
Jan
43
Jan
24
53
14% Sep
13
18% Mar
—5
Corp—:——I
No par
Aircraft Corp
Creek, RRi—
Aircraft Corp,
Bendix
Aviation
—
,1
,9
4
14% Aug
9
25% Feb
15
31
—25
Creamery—
—No par
—1
Beech
50
Beech-Nut Packing Co——20
Belding-Hemingway
—No par
Bell
Nov
12
May 22
105% Jun 24
$4.25 preferred—
fceech
July 20
68
21% Apr 25
Bayuk Cigars Inc,
,15%
'
13 Vb
4
50
5% % preferred—
Barnsdall Oil Co
,
3
Jan
—100
—10
No par
Asphalt Corp
Barker Brothers
Barber
*177b
9% Jan
60
7% Jun
r
8
Jan
11
111% Jun
12
3
31
10 Vs Jan
10% Apr 25
33% Jan
13
1
28% July
Feb
26% Jan 24
18
July 5
12
Aug 21
30
Jan
47
12%
Jan
19% July
17'
15%
5% Jan
18% Mar 15
13%
23%
Jan
39 % Nov
10
24%
Jan
Oct
11
105 Vs Dec
14 Vs Nov
10
20% Mar
Jan
10
7% Nov
33% Nov
111 '
35% July 11
129
xllO
14%
6
July
6
114
974 Dec
11
46% Nov 10
97b Nov
13
15% Jan
33
Nov
Sep
Sep
33% July
Jan
Nov
121
May
33% July
25% Jan
93
Sep
Sep
Aug
11% July
.
20% Mar
397/a
Apr
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
AND
LOW
Mori day
Saturday
Nov. 4
$ per share
19%
19%
*'55
56
*40%
19%
41
18%
19%
19%
19 7%
*
19%
*19%
19%
*55
56
*55
56
*55
56
*39%
40%.
*3Q
40%
124%
18%
18%
*18%
18%
63%
62%
62
124%
125
62%
■
y.
share
39
18%
47%
47%
*22%
22%
10%
.
10%
*"20
48%
125
Pr pfd $2.50
1,200
J
Best &
20%
*18
18%
1,800
Best
8,500
..
20%
20
48%
49
49%
*93
94%
*52
53
94
53
46%
115%
33%
46%
115%
49
33%
38%
-
19
,
.140
33%
34
38%
39%
33%
38%
'
•
116%
34
34'%
39
\
100
5%
-
19%
*5%
,
44%
19 Va
19%
*50
53
43
*41%
41%
5%.
X19'/8
19'A
*50
53
*
42%
Co
19%
19%
5,400
•'
11%
11%
11%
11%
11'A
ll%
11%
11%
38%
39
38%
39
38%
39%
38%
' 39%
38%
39'%
*47%
48%
X47%
48'A
"
*47%
.
48'A
*50%
51
'
x49%-
48 %
50%
*47%
■
50%
21
48%
51
20%
50%
50'%
20%
*50%
^21
20%
21%
;
2.000
5,100
-
•
700
49%
.
21%:
21'A
21'A
24
16'% JanJan
4
14 'A Mar 14
109
12% Jun
Oct)
17"
Jan
Jun
69%
NOV
Apr
121% July
40
Dec
Jan
16
Jan
19% Mar
Jam
11'A Jun
Jan
19'A July
6%
13'%
9%
7
19% Nov
5
«>ep
27%
20% July 5
xl9% Oct 11
93% Mar 1-4
17%
Jan
54
110'A
25 Va Aug 30
-9
-11% NOV
3
7% Jan-3
16
•
19
Jan
76
9
21%
Jan
26
88% Apr
4Q'% Jan
18
33% Jan
26
-48
:
Jan
Jun
<
100
July
21% Mar
11% Nov
Sep 21
109% May- 8
28% Jan-
Id
Corp——
Roller
45
117
Oct
——5
100
(assented)
<
1.700
-52% Jurt 27
95&
•
4
Feb
4l'A
12% Jan
.
Oct,
-53
I
8% Jan
27
Jan
39
Jan- 14
40'A Jan
-4
14% Jan
Oct
•50
13
Dec
Jan
30
Oct
26%
Jam
39
July
2%
Jan
Jan
6'A Apr
38% Dec
56'% May
96% July
11% Nov
ii
July
Jan
45
8%
Nov
12%
20%
Jam
30',a
33
7
•53% Oct
14% Nov
20
31
12% July 5
44% Aug 23
28
July
35
28%
3'
'-21% Aug 25
40% Feb
51
Jan
22'%
16
-
45
Jan
17
•41% July 17
-7'A July 3
37% Jan-
Nov
38%
6
34'A Oct
•
Jam
85
4
55% Sep 29
34'% Jan
3% Jan
_
Bearing Co.
—-5
Braniff Airways Ine—_———2.50.'
Brewing Corp. of America
——15
Bridgeport Brass Co—-—No par
Briggs Manufacturing-:
No par t
Brlggs & stratton——2—-No par
Bristol-Myer3 Co
i.
3
Brooklyn Union Gas.
No par
'
%
37'A Feb
••
;-lQ0
—
Maine RR
Boston &
; Bower
53
*50
11%
*46
8%
20'A July 15
20
66% July 11
_5
(The)——
Borg-Warner
600
300
11%
t
Jlily
13% Mar
126'% July 10
51% Oct
5
No par
1
Inc—-
preferred
Borden
2.500
'
5%
42%
;
41%
19%
*50
53
5%
5%.
"
53
19%
19%
*50
5%
*5%
5%
44
*42%
Nov
38
2
No par
"
5%
*41
57
Jan
,4
Brass———^5
class A—
Stores
4'%%
.
3.900
39%
39
Bond
1.300
-
Afnt Co
Class B———
50
*114
34
Bon
:
52'/a
47
Bohn Aluminum &
,?00
94'A
47
116%
*114
50"'
'
*51%
.
46'% '
46%
116%
Feb
22%
21
-
5
Boeihg Airplaher Co————-
54%
56'A Jan
•Blobmingdale BrothersNo par
Blumenthal & Co preferred——100»
63.100
$ per she re
41% Oct
•
115% Feb-
par i
Bliss & Laughlin Inc
,
Highest
$ per share
20 'A
Sep
6
56% Jan 24
15% Jan
(Del)___—No par
Co——-—No
4
53% Apr 21
1
-u—
share
Jan
f per share
'
49%
*92%
49%
52%
1
Year 1943
Lowest
33% Jan- 28
par
div series '38_No par
U_No par
Steel
per
17
preferred-
->Blaw-Knox
200,
No
;—100
BIgelow-Sanf Carp Inc-__.—No par
Black & Decker Mfg Co
No por
700
13,800
■
94%
52%
*113%
39%
*18 'A,
Foods
7 %
1,200
"
'
33%
33%
%
*107%, 109%
19 'A
18%"
19%
49%
46%
*46
47
'
19
48%
22%
11'%:. 11'A
*19'% ,20%
109%
*93
94%
52
52
116%
*113
38%
%
20
18
49
y
«*93
53
48%,
22%
11%
*107%
:
18
15%
49%
*93
109%
*107%
■
15%
48%
*18'%
19
18%
18%
109
xl5%
.
22%
11%
20
*18%
16%
38%
11%
S
—
Bethlehem
800
18%
48%
22'%
10%
*107%
16%
*45%-
22%
10 To
*20
*107%. 109
•
.22%
10%
Co
62'%
20
22%
Indus Loan__.'
Beneficial
125%
6^/2
125
:
'
22%
48'%
*47
49
'
Range since January 1
Highest
r
Lowest
Far
'
'
Rang© for Prevlour
STOCK
EXCHANGE
600
%v 39%
18%
b2%
b27a
*124%
12o
YORK
Shares
40%
18%
63 %
$ per share
NEW
the Week
56
40%
125
Nov. 10
$ per share
per share
$
Sales for
Friday
Nov. f>
Nov. 8
19%
*55
18%
62%
124%
$ per
Thursday
Wednesday
Nov. 7
S per share
STOCKS
PRICES
SALE
HIGH
Tuesday
Nov. 6
2083
Jam
44
44'% May
23
37%
Jam
1
22'A July
9%
Jan
Nov
Apr
Jun
July
18 %
Jun
:,
'
*44%
46
21%
21%
12%
21
12%
*122%
10%
10%
72
72
10%
10%
10%
71
■
71%
,71%
9%
9%
21%
21%
21%
19
19
9%
19
19
39
39
*38%
36%
37
36%
*108
111
14%
*108J
14%
*6
11%
12
111
6
*70
9%
9%
9%
12.600
$5 preferred
Budd
2.700
Buffalo
—
No
par
No
par
39%
500
38 'A
39%
5.000
Burlington Mills Corp—;
5% preferred ———
5.900
Burroughs Adding Mach—„_No
2,300
Bush
111
*108%
*108'% 111 <
14'A" : 14%
14%
14'A
>
,
6%
6
6
73
73
73
74
76
62
61%
63%
61
64 '
12%
12%
12%
12
12'A
6'A.
„
•
6%
Bulova
7
preferred
Bush Term
\1,590
—1
-100
31%
*3%
30%
3%
*14
30%
3%
•
30%
3%
3%
14
14%
14%
14%
89
89
88%
30%
3%
3%
14%"
88%
88
*30%
30%
89
30'A
.!• 3%
■
>
30%
3%;
3'A
Butte
1,200
>
14%
14%
14%
89
38%.
89
220'
21%
14'%
,89
*21%
21%
27%
21%
'21%
.27%
*27%
56
*55
1
1
6%
6%
21%
21%
27%
21%.
21%
600
27%
26%
27
55%'
56
'
56
1
'■
27%
*55
21%
"V
i
26%
'
1
•
>;
27
■
*55
56
■1
l
-■
56
*55
1%
18% July
Nov
29'%
41% July 17'
24%
Jan
Apr
35% July
39 Va Nov
20%
Jam
3l'A
110'A Mar
6%
6%
76
Oct
20
41
Jan
75
May
25
64
NOV
10
21%
Jan
49
Oct
12% July 12
31% Nov
3
5%
Jan
20%
Jan
10% July
29% Nov
6% July
8% Jartr -4
■
Canada Dry Ginger Ale-!.
Canada Southern Ry Co
20
28 'A
28%
41
41
42
41'A
10%
10%
10%
10%
10 %
10%
-10%
48%
*47%
48%
48%
48%
.
42
;
10%
*47
'
48%
*9%
*47
.
*41
'
9%
9%
9%
49%
.*48%
49%
49'%
49'%
*114'7
114%
*114%
31%
31%
*31 %
18%
18%
18%
18%
57%
57%
56%
56%
9%.
*5%
115
36%
36
147%
*146
,5
56%
■•,>56%
147%
48
47%
33%
103
129%
13%
-18%
129
129%
13 %
33%
129
18%
12i#
.
-.
103
129
"••
31%
;•
128% '■
'••-
48'/a
1.700
*21
21%
*4%
18%
21
*4 %
21
13%
13%
18'%
18%'
18%
>
21%
.
4%
4%
112"
112
'
'!129 *
60
11%
*10%
11%-
27%
27'%
27'%
27%
27%"'
-
11%
31%
U%
11'%
11
32%
32%
32%
32%
7%
7%
129
129
*19%
19%
*29%
29%
19%
19%
29%
29%.
J
40%
13%
*13%
47%
47%
6%
1,700
'
'>>11% '",11%
300
32%
2,309
7'%
17,000
32
-
7%';
7%
127%
*40
»
41%
113
:
13
47%
47%
47%
6%
""
13%
5%
'
6%
13%
6%
14
14
•
5'%
5%
5%
22%
22%
22'%
22%
22% :
.„"■
:,
29%
29%
29%
29 %
29%
50%
51%
50%
19
19
19%
,
22%
29%
51%
19%
.
56
19%
.
19%
19%
19%
49%
*48%
700
Checker
200
Chesapeake Corp of Va.— _———5
47'%
8,200
6%
2,200
15%
15%
56%
*56'%
■•4
47% i
6% ■
*15'%
*15%
16
15%
15%
5%
'
5%
6
28
90%
91%
*20%
20%
20%
27%.
*95%
9%
28
6%
14%
2,600
5%
22%
.23'A
2,900
29%-
29%
59,800
51%
*84%
16200
*42%
*105%
;
51%
1
•
•
27'A
10%
47%
*155
SI'A
91%
21
21
86
*84%
;
•
—
42%
—
95
34%
34%
37%
37'%
.
*146
149
*147
136
136
*135v1
:
i
■
,
37%
93%
i,
56
»ii-
—
ml,-
8!
—
: :f
f
> ,37%
,149
136
34,
Tv
.
.
i*53%
r
*53'A •56
37'%
~■
:,
37 %
149
136
*135
•
,
56
'
.
34 3a
34%
4,800
37
37%
2,400
*148
'149%
136
1,36
63
63
63%
63%
63%
63%
380
29%
29%
29%
29%
29'%
29%
29%
30'A
Climax
104%
104'%
104%
104'%
Coca-Cola
1,800
*103%
*104
104'%
104'%
35
35
35
35'%
34%
*115
117
*115
35%
*35
35 %
117
*114
104%.
,
117
*115
105Va.
34%
;
Co
160
$4.25
700
preferred——
5%
18%
19
18%
19%
19'A
19%
19%
19%
210
18%
18%
19
19'A
19'
20
510
17%
18
13%
l3%
18
220
32%,
32%
32'%
33
*17%
33
32%
32% v
*18%
48%
*18%
18%
*17%
1®.%
17%
17%
ink
...
31%
31%
32
32%
31%
31%
31%
32
.4%
*82%
For
4%
4%.,.
91
' ^
28% Nov
11% Sep
-37 % Jam
9
Jun
131
Nov
,
20
-
83%
footnotes
*90*
83%
see
4%
*
.<01.
83%
page 2091.
-
4%
91
83%'
4%
91
83%
4%
91%
*83%
4%
92
84
32%
4%
92
84
%
33'A
2,400
33
1,100
4%
92
84
47,400
1,400
100
,
Jam
Jun
Dec
41 '
Apr
Jan
7%
72%
(:
Jun
Jan
Oct
16% Nov
19%
Apr
Dec
Jan
34
July
:,
Jan"
50
July
'1
Apr, 19
48
.
3
-
6
-
July
7% Mar 22-
Jam"
7%
Jan
Jam
•7VAMay
21% Jun
10%
25% Mar 22
Jan
9'A May ;'
29% July 12
65'A July 13 r
20
0
15% Feb
24
16Ta
Dec
16'A Jan
3
21% July 12
49'% Nov 10
Jan
22
Apr
7
36'% Nov
41
Va May
par
47
Jan
6
57
9
48 !
Dec
54
May
13
Jan.
4
19'AJulylO
11%
Jan
14% May
1% Jan
4
17% Jun 23
13% Jan
par
10 /
24
•
3
May 29
Oct
Nov
21
6% Oct 25
.
30
July
1 Jan
15'%
a
1
Dec.
15% Apr
18
Jun
3% May
5
24%
Jan
19
67%
Jan
Apr
85% July
10% Jan
15% Aug
10
30
32'A
2
95
Nov-
9
6% Jan
12
35% Feb
par
17
148
Jan
-
7
76
Jan
-
3
Nov-
6
37'% Apr 20
92
Mar 27
Jun
16
Oct
-96% Oct 26
-10% Jan
48'% Now
10
9
185
Jun
22
90
Jun
5
115', a Jan;
3
45'A Jun 19
109
Jam 12
96
2%
Jan
32% Nov,
123
Mar
67
Feb
8%
Jun
39% July
143
74%
Dec
Jun
109'A
Jan
28%
Jan
116% Aug
42'A Dec
101%
Jan
108'A
Dec
84
Jan
92% £ep
50
Feb
54
52'% Mar 22
38'% Mar, 15
33Va Nov
Sep
48'A Mai
34'% Apr-20
No par
Aug 11
53% Oct 47
30% May- 3
>
39% July 12
33%
Jan
40
May
153
July
Sep
123
July
TOO
145
Feb-18
par
111
Feb
26
59'% July 17
23'/a Jan
6
103% Mar
par
2
152
July 11
146'% July 11
67'% Jun
1
30% Oct 27
108'% Jun
25% Apr 25
38
Sep
26'A Jan
4
100
70
Feb
108
Jan
13%
Nov
19% July
2'A
Jan
19
3%
Jan
19%
3
Jan
17%
Sep
Sep
Sep
4
•
May 26
33'A Jun 28
15%
Jan
26%
Dec
4
33
15%
Jan
26%
Dec
1%
Jan
5%
Jun
140%
Jan
77%
Ssp
Jan
,73
Oct
Apr 25
Jan
Dec
28% July
114% Oct
23
76
25
109'A Jul*
4
•
68'A Oct
Jan
Dec
Jan
100
Dec
16'A
Jan
13
par
61
17%
4
2.50
Jan,
x!03'A
12'% Jan
25% Jan
88
7
20% July lo
23% May 27
24% May 27
iipn-cum 1st preferred
142
1
114'% Oct 27
.*
3
7
-
5
92,
Nov
10
6
_N,QV.:.f 9'
84 ' ,vOCt':18
!'
17'A May
2%
-18% Mar 25
4
33%'
24
2%
9'A Mar 25
3
Jan
Mar
26'% Nov
No
t:
8%, Nov
8%
3
5%
Jan
46% July 10
13% Aug 23
19
Elec„
3
1
4
18
Feb
29
Gas &
25
38% Jan.
—100
pr#>fprroH series A.—.
preferred—
!
Jan;
109
14% Apr
«*,
Aug j;
18Va
Jan,
3
ClassvB_
•.
3% Mar
111
Jan.
3
18■
11% Jan
Columblia
:
32%
% July 20
303i Oct
10958 Feb
4 9>
Sep
par,
NO par
:
Jan*
X33
6>
100
Corp_
!:
27
25% July
Southern
! I '
14% Apr i.
21
July i •
23% Jun
i
13
4
98'A Jun
No
preferred—!
Iron
&
120 Va
3
8
■
Jam
-1%
97%: Jan
»
1
No par
conv
Colo Fuel &
Colorado
16%
.
Mar 20'
.13
100
47r
non-cum 2nd preferred-—100
Columbia Br'd Sys Inc cl A—2.50
2,700
19
18%
*18%
Feb?
8% Jan
16% NOV:
i
-
5
No
Collins & Alkman—k—
117
18%
18%
19%
(The)—
-
U
par
—50
—-50
No par
t
ii
Jan
18
Classv A——w—
No par
Colgatri-Palmolive-Peet—!—No par
'
18%
*18%
18%
20
gtd
96%
'■&
■23
July it
4^8 July <5.
11-4
Sep 15
21'% Apr- 25
43'% Sep .14
5
,Cluett Peabody & CO—:
Preferred —!
A—
400
63% 7! 63%
'"'90%
27
V2 July
-1-9
7
No
4% stock—
Molybdenum^—
26% Jan
2
-15'% Jun
14% Jan
——
Special gtd
Dec
Dec
54% July
40% Jun
NOV
18
106
■
40
39%
147
99%
Clev <& Pitts RR Co- 7%
1
.5% Apr ! ;
Dec
Jan
6
129'% Nov
.
5% Sep 14
_100
Equipments
Jam
32V'a
127%
114'% July 13
:Clev draph Bronze CO (The)——1
5% preferred————,
—100
37% r
136
'
Stores
3'A
„
24
77% Feb
.!
:
3
10
400
*53'A
Clark
Dec
4
10,
42%
95
29%
*31
1
4'% Jan
*
23Q
*92%
City
Oct
No par
new:
31'A May
Jan
110
'-•
63%
117
40% Jan
103
No par
preferred;
Jam
Jan
C. C. C & St. Louis Ry. Co.—100
5% preferred!—
!•
,_100
Glev El Ilium-$4.50 pfd_:
No par
;
107
149'%
*148
*135
:
900
34%
34%.
*147
.UV -v
13,500
*42 %
•
95-
93%'
34%;"
10%
48'%
•106'%
56
Investing Co
5'%%
;
July 10
5
City
63%
18%
19
May
11% Jan
par
Corp—
Ice & Fuel—
29%
*19
l5*
44
—25
city
185
86
.No
Copper Co
Chrysler
530
*84
Oil
300
180
Hl'% .112
•42V,i
Chile
7,700
27'A
10%
*
*92%
;
95%
48'%
86
-
91'A
21%
>155
111% '•
"42%
r
i
10
i
Cotton
i Childs Co
16,600
28
26%
10%
111
5%
1"
*95'/a
185-
*84
:l
42%
\ 42%
11*195% 107'%'
.
i
34%
33%
37%
„'
95
*93%
*53%
_
in
Chickasha
*21
47% -48% "
*155
86
•>'109%
i1
109
90%V
:
,"
95'A '
10%
10'%
47%
190
600
5
91%
185
57'A
*15% ■116 ■
*27
21
•»
200
*57
5'A
26% •26%
107%
56
*114
8'% Apr 22
20% Apr; 19
7'A Jan 15
11
.No par
—40
A
-No
Chicago Pneutnat Tool—.No
$3 conv preferred
Pr pf ($2.50) cum di-y—..No
.NO
Chicago Yellow Cab—
27%
5'A
5%
28
16
•
16
95
42%
*93%
35'
13
.
Jan-31
27% Jan
i
,_23
*15'%; 15%
:
57-'>i;
•
57
2,700
49'%
III RR Co:
East
Class
9% Apr
46% July
97%
4
54
17% Apr 13
Chicago Great West RR Co —50
5 % '■ preferred———
—50
Chicago & Northwest'n w i--No par
,—100
5% preferred wk—
——5
Chicago Mail Order do
l',000
>
20
"
■*15 Ye.' 216
\
.19'%
49'%
19%
49%
49%
•
19%
19%
27'%
110%
*53%
51
.
19%
•
-
95'%
*105%
43
-
1
29%
-
*26%
10%
110
107%
23
-
>'95%
185
*84%
86
110% 110%
>••'21
47
46%
Chic St
>
Jail;
Jan?"
25%
,
23
—5
Mfg
Chesapeake &t Ohio Ry——
2,200
27%
*155
-
14'A
1-5%
95%
10%
-
47
185
90%
92
95%
10
*46
*155
'*27
20%
*27
27%
97
5%
'
*26%
91'%
*27
'
14'A
19%
16
15%
47%
•>5%
19%
-
57
16
*15%
'
5%
Cab
Jan
108
..—100 1
13'A
„
•51
.
49%
56
15%
-
40'%
5%
23
19'%
*48%
19%
50%
—-L—;
2% Jan
57
,.No par
6% 'preferred
3
4% Apr
v
Dec
Mar
11% May ! i
47% July
2
May 13
-3
30'% Feb
Champion Pap & Fib CoL__ .No par
*
120
40;
*"•
6%
14
•29%
51%
,
56%
19%
Chain Belt Co.
800
'
-
*48%
:
*12%
•
'
•
Jan
Jan
19 'A Apr 20
•
38:
,
Feb;-
Apr i
Apr 1 i
■
11
:
*85
19
151
12
17
107
4%
Jan
9'A
40 .» Jan
:
5% Oct 17.
39
Mar 16
-
31% Apr 24
...
Oct
57'A Nov
6
4
Apr 19
96% Jun
0
113
Jan—2
100
40%
',*12%
13
5%
19 %
(
113%
.
Jan.
44 'A Jan
Amer——No par
preferred
33
18% Nov
143'% July 12
No par
13'A
40%
-
13%
6%
6%
14
50%
30
29%
'
•
•
6 % prior
500
19%
"•
29
113
100
Products-!—^———1
Certain-teed
950
128
19'%
fl9% '
;
113
-
'
*5%
29
.28'A
28
129%
*19%
::
700
;
-
140
11% :.ii%
4
33
36%
116'A Nov' 10:
6
56'% Nov.
25
iA,———
4
18% Oct 27
—50
-Central,
800
■
27'% Jun.
—IJ
—
51'% July 14
10
July 6
.50% July 27
6%
;
•
43'A Jan, .4
:—10 ■'
27'A
29%
12% July 12
42% Apr- 4
6% Feb 19
—5
Central Aguirre Assoc;—!—No- paf
Foundry Co—*
—1
,Central 111 Lt 4%%-preferred—100
tCent RR of New Jersey——100 i
Central Violeta Sugar Co—
Century Ribbon Mills—:
No par
Cerro de Pasco Copper——No par t
1,000
4'A
112
5.
•
'19%
Jan
13%
,;
Mar
l'A Mar
6'A Dec;
:X13% NOV
6
3
'
:
14
7 Va
29%
■>•♦•••
32%
•
128
19%
.
113%
'*113 ;
41
40 %
40%
31%
V
7%
*28%
28
4'A'-
112 •'
3,200
490
21%;' 21%
.
>
*11%- 11%
130%
*19%
...
113%
*13',8
47
7%
128%
131
*113
113%
113%
7%
7%
130
'
-.
11%-
•
27%
11%"
32
*11V*
•
r
-18%
18 %'
'-''4'A
*10%
11%
-13%, ,13%
112
'112*
•
.
21
21-
:,*4'A
'
4'%
112
*111%
•
11
-
*27
,
13%
13%
18%
21
.
4%
112' > 112
11
13%
18'%
42'% Oct
$4.75 1st preferred.—
No par
7% 2d preferred——::
1—100;
CeloteX Corp—<——„—-No par
5 % preferred —^—_j—20;
'
„
-
13%
r
7
8% Jan.
Co—
Celanese Corp of
.
7% July
33% Jan.
Caterpillar Tractor.——;
5,600
-
(J I)
56
Jan
—.100
4'%%* preferred!.
Preferred
1,200
102%. 103
*128
-
Case
30% July
Jun
Ry——-—25
Carriers & General Corp.
50
>» 33% ■- 34%
.103
;
2,200
146'/a-147
48%
34%
' '■
36%
Jan
%
5
Carpenter Steel Co——
Carrier Corps ———
600.
5%
-
22%
31'% Sep
Jan.
Apr
52%
2i% July 10
,97
25% May
8
8
Capital Administration class, A—1.
$3 preferred A-!————10
Clinch % Ohio1 Ry——TOGA
Jan,
5.
3
par
5% Apr
18'A July
83'A
l'A Jun 28
4
9
Carolina
600
56%
5»%
'48 'A
102%
"
56%,
36 »A,
.30% July
,56% Mar
Jan
Nov
16
1
May
>
1,600
Sep
-
15'A Jan23 'A Feb;
100
18'%
25
-
Jan
9'A
17
.3
% Jan
2%
6% May
65 Va
8
Oct
—5
Cannon" Mills—,——"—No
200
3% July
-16% July 10
53% Feb. 24
Copper—-5
340
32%
-
5%
147%;
48'A
34
102%
103
>
48%
48
1,200
'
18%
36%
*145
■
9'A
50
■,;*31'A
56%
■
36'A
v
147
147
'
34'%
103
36%
300
»'/«
49Va
18%-
5%
5%
36%
47'/a >"47%
33%
33%
*102%
'
*5%
.
36'%
*146
•18%
>56%
5%
36
18%
48%
'
& Heels Cons
Canadian Pacific
1,200
.115%'116'A
*31'/a->32%
32'%
>18%
v
80
10%
48%
49'%" 49J%'
115%-115%
115%
115
*31%
5%
5%:"
/
43
*42
•
9%
8%. '
9%
>48%
42 '
-
24% Jan
5
-93
18
;
Campbell W & C Fdy——No par;
19%-
28'%
Apr
6
Calumet
1,000
2,900'
19%
28%
10%
.
6%
3,700
*19%
*41
20
29
19%
28%
-8
12'% Apr- 18
67% Jan- 3
—I.
Zinc-Lead—
Feb
2% Apr 25
No pan
20
6%
19%
28%
-
Zinc—
'20
6%
19%
28%
6%
28
——-30
—_—5
>28%
6%
19%
28%
6%
3,000
Jan
3
Packing—-,—-Nxr par
preferred——.—
—50a.
5%
Callahan
Jan
2%
Jun
109% Oct
15% Jun
May
9%
30
6
California
20
105
9
153'8 Jun
Jan
Participating preferred!——;1G0
Byron Jackson Co——;——No par
1,800"
10
Jan
••
1
•'
1
■
Apr
Jan
16
43 % Apr
—10
&
Copper
20
10%
54
Bldg 7% preferred—100
Byera Co (A >M)——
1,100
'
9% May
54'A Aug
4
5% conv preferred—
1,000
Jan
Nov
6% Nov
14%
'
*31
3
43
20% Feb 24
-
Apr 17
12% Jam 3
—100
——
Butler Bros-——
3,900
8
Oct
22
10'A May
118'A July
18
12'% July
11% Jun 29
107
par
20% July
•
Jan
,
Terminal-
6%
so
Watch—;——
42'A July
Jam
31
May 12
27% Jan- 25
39'%.;
-
Jan
6%
104'%
75% Oct
16% Sep-19
1
13
3
Jan
18
-4
Co
July
29%
11
•
4
-
Forge
Bullard Co
1,200
9
13'A Oct
19
39'A
37
;
23
-3
7'A Apr
17
Jan
37%
*38%
•
'5% Jail-
Nov
125'% Oct
■
6
47'% Jan
par
19'A
21%
.:
3
Jan-
No par
A
-46
4
8'A Jan
116
No
—
19 'A
*21
200
-
Wheel—:
19'A
12%
12%
.
970
-
57%
57%
12
10%
73'A
21%
14%'
6
73
57
■
14%
10'A
71%'
16
17'A Jan
par
——5
100
i-i——No par
——
19
37
*108'%
'A
72'A
Bucyrus-Erie Co.
7% preferred
Budd (E G) Mfg
100
X21
39
36%
10
9%
!
19
39
14%
5%
57%
;1
21
111
*70
74
57%
21
37
a
10'A
72
9%
39'%
14%
6%
*70
10%
;
125
Bruns-Balke-Collender—No
8.800
13V8
12%.
125
39% Jan
No par.
2,400
21%-
21%
12%
126
*123
72% •
*18%
21%
12%
126
Brown Shoe CO——
100
47
*45%
46
21%
.
12%:
12% '
•
*123
9%
*21
:
126
;
46
21'%
21%
12%
*123
46
*44%'
■
21%
12%
126
9%
46
*44%
>37
<>
|
RECORD
NEW YORK STOCK
LOW
Saturday
Nov. 4
Nov. 6
*
$ per snare
19%
*91%
47%
40%
40%
40%
*107%
106%
*107%
20'A
40%
108
108
19%
20
1;700
48
*47%.
48
100
40
44%
43%
45
45%.
45%
44'A
15%
15%
15%
15%
15%
15%
%
53
«
89%
89%
20%
*24%
25-.
%
■••n
89%
,
29
29
20%
20%
21
25%
25%
25%
24%
29%
97%
98%
99
98%
29%
28%
.
3%
3%
3%
3%
3%
25%
25%
25%
25%
107%
107%
107%
107%
*5%
5%
*5%
27%
27%
98
5%
27%
29%
*97
t-
.98
98
*29%
••
27 %
107%
■•••
3%
3%
24%
25%
107%
107%
107%
,
16%
17
16%
24%
24%
24%
24%
17%
10%
11
10%
48%
28%
28%
28%,
28%
28%
28%
28%
15%
15%
15%
45
45
45%
12%
*12
*47%
48%
20%
20 Vo
52%
52%
59%
59%
•
20%
52%
58%
.
20%
52%
-
59%
179%
179%
6%
6%
6%
3%
3%
25%
26
25%
26'A
'*'109%
110
109%
24%
24%,
26%
26
:
36"
80
29%
36
48%
48
48%
20%
20%
2,300
*102%
103%
20%
104%
104%
104%
36%
35 %
35%
35%
36
80%
80%
*80%
81
25
25
15%:
16
15%
24%
24%
28%
28%
28%
V
6%
6%
24%
*53%
6%
7
t
9%
"A
18% i
*125
132
*125
300
Dec
Jan
6% *Apr
24% July
91% Jan
105
% Jan
27
2
7%
2'4
July
3% May
Jan
Feb
19 % May
r
7% Jan
13% July 19
3
Class
A
Aug
14% Jun
8
19 % Oct
8
Sep
.29%
17% Feb
21
4
102% Jan
5
Feb
15
.-7% Oct
30
20
105 % May
32% Fjeb
51
Oct
29% Oct
16
Jan
Jan
Aug
Dec
107
Oct
23%
Jun
Jun
x4%
Jan
11%
31'
96
Jan
110%
27
26%
Jan
36%
Jun
<
Jan
15%
Jun
Sep
10
10
Mar 10
7
13'A Mar 16
.May 24
41% Jun 16
4
49% NOV
Sep
40%
Jan
49%
<5% Jan
3
8% Oct
5
4%
Jan
26% Sep
14
33% Jan
?2
25%
Jan
18
18%
Jan
7% May
37% July
27% July
24 % Apr
19
12% Aug 12
Feb
29
10% Jan
4
38%
47
Mar 20
Jun
5
22
13% July
Oct
18
61% Oct
7
184% July 10
7% July 6
Jan
15
Apr
45
Jan
53
Aug
13%
% July 12
54
Dec
17% Aug
37
Jan
53%
Jan
173
47
7
20
Jan
186%
Jan
'6
11
Jan
2
27% Jun 28
111
Oct
3
14%
Jan
22% July
95,
Jan
108% Aug
16%
Jan
23% Mar
Jan
23 % July
.
16% Jan
39
10
29% Nov
9
Aug 21
18%
Jan
31
Oct
37%
Jan
47
Oct
23
11%
Jan
17
20% Oct
97% Jan
20
28
Jan
4
69
Jan
104% Nov
81%
Jan
99 7# Aug
27%
Deo
38
Nov
82% Tuly
4
20% Jan
3
28% Mar 10
9% Jan
11% Feb
10
17% July
7% Jan
Jan
25
22 % Jan
18
22% Jan
4
Jan
4
Apr 25
Apr 24
Sep
5
12
29% Sep
Aug
25%
Jan
26%
2
100
Jan
11% Aug 31
1%
July 11
30%
1
17
Jan
56
9
19'A Nov
10
4
17
107
Jan.
Sep
140
14% Jun
6% Jan"
19% Mar
13'/aJun
110% Nov
21% Jan
36% Apr
32% Apr
17% Jan
14% Jun
115%
18
10
28
22% Aug
Feb
1
7'A Nov
21% Apr
105
Jan
6
114% May 20
*66
127
Nov
July
10%
29% Mar 15.
108
5% Aug 25
41
143
Oct
8'
36% July 10
81% July 5
97
May
% May
49% Aug 29
Jan
15 % Feb
101
Sep
2%
Aug 18
5
27% Feb
112
Apr
61% May
Dec
25% July 11
18% Feb
104% Jan
45
x9%
5
July 31
25
3
20
19% July
52
15% Jan
5
30% Aug
46
.4% Jun
No par
Cutler-Hammer Inc—
47%
16
19
1
100
—
18% Dec
Jan
89
1
...
Jan
43% Jun
6
..—25
100
2
Jan
7
112% Aug
5
10
Jan
(The)..
4%
33%
Sep 28
110% Aug 30
1% Jan
preferred
24'A Nov
30
15
Jan
29
3
Cushman's Sons Inc 1% pfd
10
900
12
45
28
Co
conv
24
1
1
Curtiss-Wrlght
5,900
24%
6% Jun
28% Nov
10
-
55,400
132
.
*
220
(
7%
24%
24'%
23%
24%
•
9,600
9%
18% ;; 19%
18%
18%.
18%
132
24%"
2,600
20
-
*125
7,100
300
.
55
7
>
,
28 %
127'
54
■:
1,810
25
110
126
55
6%
24%
24%'
•
54%
6%
132
*125.;
127
,
*28
127
*126
<
149%
*108
9%
9%
9%
127
54%
18%
18%
18%
18%
*24'%
; 110
9%
6%
6%
16%
>142
...
110
*108
53%
53%
53%
53%
26
24%
28% 1
*27%
28%
*126
127
*125%
127
*108
9%
9%
9%
9%
*125%
24%
:
••
24%
24'%
800
81
15%
:
149%
*142
3,700
25'A
16
190
V
36%
80%
25%
153 b
36
'
108
108
108
*106
25%
150
24
104
104
15%
*142
150
28%
*28%'
127
15%
24
24
.
'
15%
*142
150
1
20%
5
13
44% Jan
No. par
—No par
$2.25 preferred:
-No, par
Crown. Zelierbach Corp—„
S
$5 conv preferred.—;;——No par
Crucible Steel of Amer...—No par
5% preferred
——.—.100
Cuba RR 6% preferred—
100.
Cuban-American Sugar-.—
10
7% preferred
.—100
Cudahy Packing .Co_—
..30
Cuneo Press Inc———
——5
4%% preferred100
Curtis Pub Co (The)—
No par
$7 preferred
,
No par
Prior preferred——
No par
200
20% A-
25%
*142
5 %
1,100
*48
2% Jan
52% Apr
Coty
7,100
36
5
16% Jan
173% Apr
—.
Crosley Corp (The)—
Crown Cork & Seal
28%
35%
4
4% July
Co——20
25
Refining—
Cream of Wheat Corp
28
20%
Products
1,400
35 %
~3%
15%
19
108% Oct
100
Trust
Bank
Exch
Preferred
230
-
27%
80%
Corp.,— 1 ■».
Electric
23%
27%
25
Nn par
prior preferred—.
Corn
510
35%
80%
%'
110
Corn
80
3.500
26%
25%
.100
20
.+5,.$,2.50
—1
5
Motors—
Crane
35%
36
No par
Insurance..^
5,100
23%
48%
pfd—No par
preferred—
Cornell-Ducilier
2,700
35%
25%
$4.50
Pow
—50
——
26%
25%
109%
*48
preferred
Inc
;
Coty Internat Corp
.
25% Oct
15
27% Mar
1,300
23%
23
Nov
2.200
26%
17
17%
3%
109%
3'% Feb
21% Feb
20
6%
23%
8
25% Oct
181%
26%
24% Nov
<
3
conv
3%
*109%
Jun
10% Jan
18% Jan
pfd—
$1.25
6%
20%
*104
104
*80%
■'
Jun
25
21% Mar
181%
24
.
.11
Jan
Nov
59%
110
9,
Jan
9%
53
24
Jiily
2%
17%
.4
59%
6%
3%
Dec
27
10
53
180
82
21% Jan
32% Oct
59%
6%
36% Jan
-
16
102% Jan
..
July
l%Muy
18% Nov
53%
:..
"i
Jim
16
•
>
10
NOV
Jan
3
59'%
.
,20%
Jan
32
■
.
12
—No par
—No par
Copperweld Steel Co—
—_5
Conv pref 5%
series——50
20
•
•79
Jun
44%
Jan
Natural Gas_——15
20%
179%
26
5
Corp—
Laundries
20%
110
48%
— T—
20%
3%
3%
preferred
1
July
107% Sep
J
11% Jan
$3
600
49%,
36
20%
20%
'
99
Cooper-Bessemer Corp
150
'
12%
12%:
*49
49
27%
*48
49%
20
23
*52%
I
6%
25%
24%
%
35%
36%
A
110
24
26%
104
95% Jun
20%
180
*178%
6'A
3%
48%
46
45 %
,
12%
*12
.
H
179%
'•
45% :
*45
12%
48%
*6%
1
30% Oct
Continental
1.000
*177%
'
10
Continental
700
15%
*12
59%
*4?
Jan
.Continental Oil of Del—^
Continental Steel Corp—
8.500
28%
53%
*36
28%,
18.600
15%
■
*47%
3%
Oct 23
Jun
Continental Can Inc.—
Continental Diamond Fibre
.1.000
■
28%
21
•
:8%
*28%
12%
21
;
28%
11%
48, %
8%
*15
*45
45%
59'% 1
21 /
28
Edison Co
Continental Baking Co
2.300
11%
48%
8%
15
48%
*52%
"
11%...
48
9%
27
8%
29
15%
12
''
10%
Jan
23
% Feb
■
Container Corp of America-.—20
900
3.600
40
29%
8 % Feb
Consumers
2.500
15
29
*15 y8
*47%
.
48
8%
.
V
8
39%
'
8%
27%
7%
*28
*26%
*45
39%
10%
28%
"
50% Jtily 15
18% Jun 16
21% Jan
*108%. 110
-
48%
8%
.
•'
39%
350
27%
■
8
110
Jan
—25
—No par
300
28%
28%
28%
8%
109/%
27%
8
*108%
39%
*48
Vs
110
27%'
8
51
110
51
51
110
27%
10%
49
8%
*50
110
39%
'
*
11
49%
8%
8
51
.104%
29% Jan
$2.5Q
8.600
109%
16
.
No par,
Consol RR of Cuba 6% pfd
100
Consolidation Coal Co————25
3.500
7%
49%
'
18%
16%
*27
39%
39%
39'A
39
17%
16%
*108
110
*108
110
•
8
7%
8
7%'.
27%
27%
27%
27%
17%
16%
109%
110
110
17'A
16%
*50
50%
50%
50%
109%
17%
17
Feb 15 ;
14 % Apr 18
40 %
41
44
Jan
3
Consol
1.800
16%
.
Oct
25%
108
11
19 %'July
.
Consolidated Vultee Aircraft—__1
20.000
17%
17%
16%
19
3
•
17%
*108
18'/a
17%
*
..
43% Juri
Jan
Consolidated
8.100
*
24% .24%
17%
■1
"'•*
3.
•,
4.500
30%
30
Feb
105
No par
corp.———8
No par
$5 preferred
—No par
Consol Film Industries——
1
$2: partlc preferred-.
No par
800
12%
12
,
'
16%
18
50%
'
12%
37'% Jan
98% July
Jan
'
24% Jan
$4.75
3.400
28
Jan
._No par
preferred series-
t per share
Jan
30%
Consol Edison pf N Y_
1.500
5%
5%
28
30
24%
17%
109%
-
11%
29%
16%
17%
'
12.
30
24%
17%
.
12
,
'
■
*24%, .24%
k
12%
30
A
16%
16 Ye
,"
1
.'29%
..
29%
12
29%
12
11%
27%
27
27%
27%
29%
•
5%
5%
,
9 ■«'
20
Consol Ooppermines
21,000
-
'
5%
900
3.800
3%
25'%
23
47% Oct
Feb
Congoleum-Nairn Inc—.
No par
Consolidated Cigar————No. par
~
140
3%
X24%
.
-
2
22% Jun
*
Conde Nast Pub Inc—
600
93% Nov
24
25
preferred-—
Commonwealth
800
25
79%
14
16% Apr
39% Jan
■84
1% July 13
90
Oct 18
$6
16,700
21
>•
'
28%
28%
2534
107%
29%
28%
20%
3%
5%
.
5,000
89%
89%
25%
107'
.5,100
■%
89%
29
*25
29%
.
100
*98%
%
89%
20%
20%
25
29%
*29
-
20%
25
•;
4,100
-
Highest
$ per share
No par ,
10,
-100
_Nc par
Commercial Solvents—
No par
Commonwealth & Southern—No par
124,800
28%
29
28%
29
28? a
*20
:
%
89%
90
■
15%
•
conv
Comm'I Invest Trust—
'
1
89%
'•
3,500
44%
15%
15%
$ per share
No par
<
Credit——
Commercial
4%%
43%
44%
15%
iColumbia Pictures
$2.75 preferred-
108
*107%
108
43%
■
40%
40%
40%
*107%
:
Highest
t per share
No par
Carbon Co—
Columbian
100
94%
.
20
41
*107%
40%
*93
94%
19%
Lowest
Lowest
Par
*47%
48
Year 1848
Range since January 1
/
Shares
per share
$
shar«
*91%
94,%
19%
*47%
48
*47
47%
$ per
$ per snare
per snare
STOCK
YORK
EXCHANGE
the Week
Nov. 10
Nov.!)
NEW
Sales for
Friday
Thursday
Wednesday
Nov. 8
93% '
19%
93%
20
19%
*
Range for Previous
STOCKS
HIGH SALE PRICES
Nov. 7
per snare
94%
*92
AND
Tuesday
Monday
Monday, November 13, 19;
& FINANCIAL CHRONICLE
THE COMMERCIAL
2084
7
27% July 17
5%
Jan
Dec
oa
Jun
'Oct
7% May
116
Dec
45%
Sep
Dec
9% Apr
14% Nov
24% Mar
96
Feb
119% Nov
15%
Jan
26%
Jun
D
*■'*11
11%
*11
A
25
*22
'
38'A
41%
.
15%
12
*11%
*22
25
15%
111
*110
111
38
38
38
42%
42%
35%
*35
—
15%
110% 110%
*37%' 38
42%
42%
x35
35
:>■
38
42%
42
42'A
-
-
35%
35
35
34%
34%
20%
20%
21
21
21%
21 Va
21%
21%
21%
21%
30%
31
30%
30%
30%
31
31
31%
31%
7%
6%
7%
7%
7%
20%
20%
20%
20%
63
7%
20%
*62%
31%
8'/a
21
65
39%
*35
7
7%
7%
21
21
*62
63
21%
20%
*62
63
*38%
38%
39
39%
3?
32
*32
32%
*31%
32
*40
40%
16%
16
16%
33
*40%
40%
40%
16%
16
16
33
34%
32%
103
32%
*102% ,103%
103
21%-
18%
*18%
18%
*47
47%
*47
47%,
42%
43
43%
42%
42%
42%
42%
22%
;
104%
*18%
47
;
*102'%
18%
*18%'
22'%
23
22%
23%
23
23%
'
.67%
67
125%
125%
*111%, 113
41
13%
.69
68
67%
*16
16%
*16
16%
.
13%
13%
13%
13%
*16
47%
*47
125 %
40
18%
18%
*125%
125%
*312
112% 112%
113
40'%
,
'
67
*125
125%
*111%
41
'■
67%
67
.
125%
40
113
40%
40%
13%
137%
41%
14%
16%
*16%
16%
158'A
157% 157%
*125%. 126
158%
157
*125'%
125%
*125%
126
125%
125%
116%
116%
116%
*116
116%
115%
116
*116
39
40%
*15%
•
33
32%
103
3.2%,
103
47
39
40%
.
*15%.
,42%
63
38%
*62
32'A
*31%
*40%
63
38%
38%
158
157%
157
•
:
Davega Stores Corp
—
8
5% preferred
25
Davison Chemical Corp (The)
1
Dayton Pow & Lt 4%% pfd
100
Decca Records Inc
1
Deere & Co—-,.
No par
Preferred
20
300
12
*22
15%
15%
15%
*11
25
11%
25
*110
;
3838
42%
41%
*22
16
110%
lff%
110'%
111%
111
*37%
11%
11%
25
*22 ;
'■
15%
15%
32%
32%
40%
40'A
15%
16%
34'A
34%
*102% 103%
t
*18%
18%
:> ' 47
47%
42% • 43v
22%
23%
i
68%
70
125% 125%
*112% 113
: '
43%
44%
13%
14%
16%
16%
158
158'A
*125% 126
115
115%
3,500
80
1.400
4,500
700
1,000
7,000
17,800
5,200
30
260
.
1,000
11,700
5,300
500
100
4,200
10,400
100
5,200
200
110
i7V8 Jan
5%
18%
52
29%
20
CO—100
No par
Diamond Match
No par
6% partlc preferred25
Diamond T Motor Car Co
2
Distil Corp-Seagr'S Ltd
No par
5% preferred
—100
Dixie Cup Co
No par
Class A
"
—
No par
Doehler Die Casting Co
No par
Dome Mines Ltd—
—No par
Douglas Aircraft—
No par
Dow Chemical Coj
No par
•
$4 preferred series A£_—-No par
Dresser Industries
-,— 1
Dunhill International
_l
Duplan Corp
No par
Du P de Nemours (E I) & Co
20
-' $4.50 preferred
No par
Duquesne Light 5% 1st pfd
100
400
200
700
8,700
1,100
I
100
50
:
10
100
50
Deisel-Wemmer-Gilbert
Delaware & Hudson
Delaware Lack & Western
Detroit Edison
Detroit Hillsdale & S W RR
Devoe 81 Reynolds A
28%
38%
13%
x27%
95
15%
43%
33%
12
6
5
18
18
17
3
Jan 3
Jan 12
Feb 3
Jan 5
Jun
Mar
Jan
Feb
8
31
11
29
Apr 14
Jan 3
Jan 5
Jan 4
21% May 12
47 May 13
114% Apr 26
106% Jan 7
28% Jan 21
8% Apr 19
11% Feb 11
137 Feb 7
123% Jun 6
115 Oct 27
2
3% Jan
17
Jan
16% Oct 20 " 12
Jan
113% Apr 12
108% Jan
41% Oct 3
10
Jan
45% Jun 27
26
Jan
36% Oct 3
29
Jan
22% July 5
12
Jan
37
July 10
8% Jan
9% Mar 22
3% Jan
21'% Nov 1
16% Jan
65
Oct 18
40 Mar
41% Oct 7
17% Jan
11% Nov
7% Oct
V 19' Mar
'A'19 jun
i 116 Jun
23% Oct 30
33
42
17%
36%
104%
20%
48
45%
27%
72%
Oct
Sep
July
May
Nov
Sep
Aug
July
July
Nov
9
l
5
9
3
20
28
10
12
2
Jan 5
Aug 30
131
113
44% Nov 10
14% Nov 9
' 17% Jun 28
162% Jun 19
128% Mar 24
120% Jan 20
26
37
8%
21%
83%
10
38%
22%
15%
44
122'A
*106%
16
5%
9
134,
124
Jan
Jan
Jan
Jan
Jan
Jan
Feb
Feb
Jan
Nov
Nov
Deo
Jan
Jan
Jan
Jan
Dec
115% Dec
24% Sep
43 Julv
36% Julv
20% May
17% Dec
10% May
22% July
48% Apr
35% July
.
,
33% Mar
42% Nov
17 May
35% Oct
100 .Dec
16% July
45 July
34 Dec
25% Sep
73% May
153 May
107% Dec
35% Jun
10% Dec
13?8
159%
130
121%
Apr
July
Aug
Sep
Dec
E
:
13%
37%
170
49%
*21%
22%
13%
44
44%
13%
13%
*5'%
37%
—
170
189
13%
5%
V
■•'
16%
189
48%
44
34
*48%
49
700
21%
21%
400
Edison Bros Stores Inc
12%
12%
6,600
*16%
16%
189
*186
1,700
13
38
,
16%
2,400
1,100
170
170
1,400
*186
189
120
48%
49%
21%
*21%
22%
22
22
13%
12%
13
12'A
i2y8
44%
44%
44%
44%
44%
44%
45
45
2,300
13
■
13%
13
13%
13
13%
13
13%
5%
6
6%
6%
4,900
3,100
*5%
5%
*5%
.
6%
4%
4
4%
4%
4%
4%
11,900
92%
92
92
92'%
93%
92%
93%
1,800
87%
4%
91%
*86
86
86
86
86
85%
85%
44%
44%
45
33%
*33%
4%
44%
*33
44%
44%
33%
44%
44
*33
48%
<
169%
169
.
,
•37%
13%
93
87%
16%
16%
170
Eagle-Picher Lead Co——10
Kascern Airlines Inc-—. . —
1
Eastern Stainless Steel Corp—
5
Eastman Kodak Co
—No par
6% cum preferred——
*100
Eaton Manufacturing Co
4
13
13
38
21%
-
4%
4%
93
13
37%
*187
■
*86
13 %
38
170
-1
48%
X48 %
*13
„
16%
170
189
'
188%
*48%
37%
16%
16%
16%:
*169%
*187%
13%
37%
13%
13'A
*37
33%
33%
44 3A
*33
33%
600
1,200
100
9.700
67%
67%
15%
67%
17%
*66
*66%
67%
*67
67%
67%
67%
200
*106
106%
106'A
106'A
106%
106%
*106
♦ 106%
106'A
106%
90
14%
14%
14%
14%
14%
17.400
230
15%
15%
*15%
14%
14%
14%
103
*102%
*102%
104
104(4
104%
*104
107
1%
1 '/a
*102%
105
*103%
107
1%
.
11%
11%
62%
For
footnotes
11%,
11'A
11%"
62
see
1
1%
11%—
62'A
page
2091.
11%
11%
11%
"11%
*62%
63%
1%
11%
11 %
64
103
103
105
1%
11%
103
14%
103
104%
11%
14'A
17%
16%
102%
105
62
15'%
*102%
1%
{
15%
103
*102%
104'A
105
15%
1%
11%
11%
64
*
103%
102%
104
105
105'A
1
*11%
11%
63%
1
20
150
2.200
11%
1,900
11%
9,700
63%
800
*
2
—1
10%
33
.H', 6%
157
5175
,41
r |
T 6n 4
Elastic Stop Nut Co
Electric Auto-Lite (The)—
—5
Electric Boat
—3
Elec & Mus Ind Am shares—
Electric Power & LightNo par
i2%
;):S7%
-No par
No par
No par
3
81%
78
$7
$6
preferred—
preferred
Electric Storage Battery
El Paso Natural Gas—
4.%
Johnson Corp
preferred
—
Public Service
$5 preferred
$5% preferred
—
$6 preferred
tEquitable Office Bldg
Engineers
Erie RR common
Ctfs of benef lnt
5% pref series A
3%
3%
39%
27%
28
Apr
25
3
,-No
No
—No
No
par
par
11%
Jan
44% July
Jan
8% May
2
Jun
29
146%. Jan
170
May
184
Jun
7
171
24
195
Sep
9
xl73
3
50
Jun
30
35
Jan
45% July
May
1
22% Sep
25
11%
Feb
19
25
30%
Jan"
39% July
8%
Nov
14
,
Sep
Sep
Nov
9
15% Sep
Jan
4
45% Aug 18
Apr
18
13% Oct
20
Jan
4
6% Oct
13
1%
Jan
5% May
Jun
9
5% July
3
1%
Jan
6% May
Apr
25
Apr-24
99 % Mar
3
31% Jan
92
Nov
94% Mar
4
28%
Jan
88%
Nov
Apr 28
47% July 11
33 %
Jan
42% Sep
7
34% Aug 14
23 %
Jan
Feb
15
Sep 13
57'A Jan 25
100
NOV
3%
Oct
Jan
101% Jan 19
8% Jan
87
Jaxi
89
Jan
92% Jan
% Apr
9% Jan 4
9% Jan 3
46% Jan 3
par
par
9%
31%
July
18
Feb
4
50
i
No par
No par
6
40% July 14
14 '/8
Jan
100
Ertierson Electric Mfg Co-.—
Endlcott
10
Feb
Jan
17% Nov
68% July
Mar
x32
Sep
58
% July
10
5
49'A. Jan
3
101%
Dec
103%
16% Aug 25
2%
Jan
9%
108% Jun
Sep
Jan
92
4
57%
Jan
92% Sep
10
96
26
Nov
105'A Nov
105
Dec
54
103% Oct
Sep
Dec
62%
Jan
1% Aug 10
%
Jan
1% Mar
13% Mar 22
8%
Jari
16% May
8
Jari
13% Maf 22
16""
fi4S« Oct;
39% "JariJ
16% May
52% May
.
LOW
Saturday
$
Nov. 6
s
per share
*8414
88
"84'A
*11% 3 12%
88
12 Va
15%
15%
16%
431A
43
43
1
4%
■J~t
*4%
>
*84 VA
88
■
*11%
12 %
25
13 1
13%
18%
41103 %
224
22;,;«
*21%
22%
*8%
%
53%
23
107
431
a i
33'4
;.n4%
15%
*61
40
i
:
23%
'
23%
23
i"
*15%
-
'
33 %
33% Jan
21 Va Apr
9% Jan
16%
9
39%
39%
114%
114%
-
••
23%
53
■
-
4%
•'
16
43% •'43%
nc%
*"65.
■
'*43%
<
20
■
20'
.
t
20 !
•
*23'%
--
;• 110
v44
•
44%'
'
16
44 34
;
Is
■>55
55%
•
i
.
109
14%
'51%
51 %
•6%
8%
8 Is
;
14%'
'
49%
10%
6
5%
10%
10%
16 %
103'a
103'a
■.'.27%
27%
6145
16
148
"
38%
40%
40%
40
112%
27
•
104 Va
104%
*147'%
148
149
,
39%
39%
40%
40%
40%
112%
1.12%
112
40
:
*
•'135
138
*136
138
112
112
112
112
113
134
134
62%
'127%
'
63%
127 Va
11%
11%
1,700
2,200
28 Va
29,600
■
63%
56
56
56
56
11 %
11%
11%
11%
400
21%
9%
•-1%
1%
1%
26
25 li
*123%
■
'
•3%
3%
20%
21
20%
20%
19 3 4
19%
19%
*18%
19%
91%
90%
91 %
90%
91%
29,7
29
28%
*111%
112
111%
*103%'
104
20
"101%
87%
87%
86%
86%
*85 la
20
20 Va
20!
51
141
142
*140
142
*103_
47%
50%
51%
50%
50%
*103%
103%
103 Va
103%
48 lit
47%
47%
47%,
47%
111% ■111%
nil../ 112
15
15%
15/'a
4%
4%
6%
4%
18
18
133
13%
39 3 *
Vn
39%
39lii
24%
24
24
13
2
5%
6
*4%
4
16 !V.
lit,
300
13%
1.600
"39%
'40%
*2334
24%
16%
17
417i,
42%
,
29%
29
29 Va
'
59
53 %
53%
23
23
*54.
22 7 it
28%
27%
*159
160
,28%
.28
28"
4
"5 %
5%
5%
5%
23
5%'''
5%
ib
*158
162
.
,;-^,rbl% 12V
f%55!a {>5%
12%
12
12
55
55%
54%
55
'.46'
46%
46%
46%
l-
'in
Tj
Jan
4%
Jun
4 Va .May
Wo par
108'A Nov
54% Oct
Feb
8
9% July
,
157% Oct
11% July
18
102
134
7% July 10
109
29 Va
19
Nov
7%
Jun
71%
10
9%
151
9%
Jan
Sep
8
130%
Nov
9
30%
Jan
34
32% May148
Jan
40
Jan
40
IjTov.
111
Nov
117
9
Jan
Nov
'
43% July 12
6
Jun
18% May
98 Va May
20Va Jan
July 12
153
Jun
Aug
8% May
•;
Jan
Feb 24
35
Dec
Aug
Jan
16
Feb
.
51
Mar
4% Jan
2% Jan
3
18% July 10
25'A Apr
i
5%
6
4
4
11%
107
Jan
"
24
3
81% Jan
Jun
Apr
Apr
53%
Jan,
37
.
4%' Jan
140
6%
14%
,
Jun
6% Jan
13
Oct
30% July
Jan
9% Jan
51
Vv% Jan
.
3
;
1
28
6% Jan - 3
100
;
14% Oct
21
.7% Jan 24
100
:
11
Jun
143
No par
pur
66
14%
19% Jan
,
7 Va July 10
X21% Aug 30
55% OCt 24
41% Apr
105
Corp.,
Wo par
preferred—.——..Wo par
—...
Adv
No
113%
3
39% July
44 Va July
Jan
119%
Sep
3
Equip Corp
Dec
Railway Signal———Wo
preferred
...
162
46! a
30%
28.300
r/Va
3.400
40
162
13
56'%'
19% Apr
57%
*33 VA
35 %
28%
28%
11
27
25
Jan
56
July
'131% May
39
Jan
13%
Jan
24 Va
11% Aug 21
4%
Jan
8%
Jun
Jan
12% Jan
xlO& - Mar
2 Va
May
107% Nov
.
2% July
3
;ria
Nov
2
4% Oct
5
-
"
25% May
■115
19% Apr
25% July 10
19% Nov
3
15%
J~an
4
9%
Jan
74% Sep
9
95% Oct
18
60
Jan
91
22% Jan
20
26% Jun
15
16%
Jan
24 Va
15%
Jan
19
General
4%%
Tire
Gillette
preferred
conv
$6
4%%
6
19
Wo par
Jan
par
18
% Jan
—50
45
Apr
No
preferred
-
Grant
5%
(W T)
Ore
Western
Green
(H
Sep
2
59
Jan
85%
Oct
Aug
1
4% May
48
Jan
Sep
19
Aug
45%
Sep
24%
Jan
83
Jan
Jan
41% July
Jan
108% July
9% Apr
2% May
6% Apr
54% Jun
104 Va Nov
1
Jun
19
112% Jun 26
90%
102
Oct
'
17% Oct
8% Jan
1% Jan
7
3% Jan
5'A July
20
15% May 18
Aug
19
Oct
July
5
;
4% Jan
Jan
7
5
i
/5
16
39% Nov
23% Jun
28
25% Mar 15
6
14% Jan
par
25% Jan
3
3
par
24% Jan
3
29 JA Oct
17
30
3%
Dec
8
Jan
17
July
'/■: 13% May
7%
Jan
29%
Feb
37
24
Dec
26
13%
Dec
'
21%
Sep
July
Apr
32% May
18
Jan
23%
Nov
138
27%
Jan
Jan
154
Dec
65
Jan
50
Sep
15
159
Nov
8
May 23
67
Feb
3
57%
Sep
13
31%
Jan-
July 15
14%
Jan
143% Feb
Jun
3% May
97 Va
25 Va
Feb
Jan
57
Jan
1%
73%
3
43% Feb
Co Inc—_
-No par
Aircraft Corp
...
-No
—23
L
17
.54% Oct
19 Va Feb
11
Apr
17
18
30 Va Nov
10
6% Aug
12
2%
Jan
Aug 12
81%
Jan
3%
Jan
10 % May
25% Jan
41% May
50% July
3% Apr
par
.100
—_
Gulf
Corp—
41
4
50
May
22% July
4
8
—100
9% May
14% Jan
July 11
par
West RRi
Sugar
preferred-—
Oil
14'A
-No
pfd
Sugar
Guantanamo
8%
74
Jan
July 12
42 Va Nov
6
Greyhound Corp (The).,
Grumman
Jan
Jan
5
9% Feb
—100
L)
4%
60%
-No
Great Northern Ry 6 %
Great
Dec
Jun
17
-No
Prop
25%
10
40
i
113
Jan
Jun
52
104% Jan
Jun
23% May
Jan
143 Va Nov
36% Feb
Dec
July
13% July 10
90
—20
Co.
Iron
Nor
14%
15Va
,20% Nov
32 % Jan
par
108
23% Mar
/
105% Aug 23
.10
Steel
preferred—.—;
Great
19
98
—
Granite City
25% Jun
25
85% Jan
Gold & Stock
31
July 15
113% Apr 22
102'A Nov
2% Jan
iGoebel Brewing Co.—_•
Grand Union Co—..
3
Jan
x83
(The)—..
conv
7% Jan
11% Jan
69
preferred
Co
17
No par
—Wo par
Glmbel Brothers
Glldden
Feb
No par
Safety Razor.
$5
8
99
100
preferred
6
14
19% Feb
—.5
Co
Rubber
&
Jan
Jan
Aug
~~
14% Jan
110
May
9
28% July 10
124
6% July
Wo par
—_—
Nov
2%
17
...—.1
preferred—Wo par
General Telephone Corp
/—20
Gen Time Instru Corp
No par
6% preferred
100
General Refractories..
July
/
Jan
Gen Steel Cast $6
5.000
:
/47!'u
5
Apr
3% Oct
17 Va
General Shoe Corp
.
2,000
13%
46%
-
18.100
25
112
100
Realty & Utilities new...._10c
Gulf Mobile & Ohio RR____ .No par
*5
preferred
-No par
""
5614
46%
1,400
11.500
24
44Va
13% July 26
23% Jun
3
Oct
1% Apr
par
6%
10
53%
3
6% Jan
125% Nov
4
Dec
107Va* Sep
137
128% Nov
56 % Nov
3
4% Jan
'120%
Jan
8
66
July 12
130% Oct
4
18% Apr 26
106
83%
July 13
Nov
4
10c
26
117
134
28
;—1
Public Service
Sep
4
18
36% Jan
No par
Ink
140
11
51% Feb
par
A—
Jan
1% Auf
93
July
3% Aug 30
10
125% Jan
par
Wo
Outdoor
Precision
Preferred
23%
;j\ .5%
5|i
2% Feb
Jan
Green Bay &
23%
291a
29%;
.
56
.46"%-
46 Va
>
50
Foods
20
53
:
!V
,162"
13%
12":'
*158
3,100
-
'■
53
-
12
9
*59
59
3.000
18,200
159
*157
'
'
,
29 Va
■
53! a
27%
159
59
53%
22%
59
53%
16%
29%
X41
159
*157
100
41%
16%
16%
42
100
24 %
*23%
16%
159
41
"40
29
22%
10 Va Feb
/
Wo par-
-No
18%
13%
41%
*54
3
—
18%
13%
167it
53%
Jan
...
18%
42! it
23
51
:
-No par
13%
29
,59
1
800
*17%
28%
"
3
13% Feb.
a
4%
13%
16 31
•
14
26
4% Jan
4%
200
.112
112
1121V
'111%
3.900
48%
47%
47% -48
41%
158
15% Sep
62 Va Oct
..1
1,509
600
16%
'
Jan
6
No par
37.700
1,900
29
*158
Jan
1%
10
5%
51
103
41 %
n5«
,2%
.
28
Nov
Jan
9J/a
5
Nov
16%
120
50%
102%
141:
24
*23li
July
Sep
31%> Jun
5% July 10
July 5
18% Jun
5%
141
50%
40
"39
July 12
Sep
5
51
16%
1,900
103%
16%
,
100
3%
18%
13! V
7
75
38%-July
17:
10
<.—....1
Telegraph Co
100
Goodrich Co (B F)
No par
$5 preferred
...Wo par
Goodyear Tire & Rubb..
-No par
$5 convertible preferred—Wo par
Gotham Hosiery
Wo par
Graham-Paige Motors
1
Gran by Consol M S & P
5
3%.
29
26'
5/
1,000
51
*50%
41%
.
600
23%
23%
142
50%
4%
*17%
18 5 a
*'13%
53%
300
7,800
103
*102
3%
16%
*4%
ni%
%4
7,200
13
86
6
5%.
*4%
6
•>
100
103%
20%
16
16
'it
5%
O ' 8
23 3 -1
1,000
24% ;
12%
51
*103"
112%.;
*111
•
280
'
'
1§°«
500
86
23%
142
50%
103%
30%
28%
112%
20
102%
X3%
:
1,000
20 Va
51
•"
3%
25 34
103%
23!'a
51
3%
3%
3%
143% 143 Va
23%
*50%
51
*50%
3%
3%
23 It
23%
23%
23%
23 V'a
200
1,400
87
a
102
102
101%
102'%
4,600
94%
*24
12%
12%
•101%
19% May
May
15% Dec
29%, Dec
25% Feb
par
Mar
Gen
3,600
19%
*111%
104
*103%
104
12%
102%
"50%
"39
23%
3%
21Vt
*28
28 3 i
24
♦
92
111%
23%
12%
20! 'a
.
Deo
21
Feb
116
3
128
Gen
2,400
25%
28 3i
111%
12%
20
50
42 Va
4
18
102
Gen
3,000:
26%
'^
-3%
26
251a
26
112%
12%
201«
31
Oct
Dec
13% July
54
Jan
36% July 11
.
.2% Jan
.
$4.50 series A preferred—Wo par
40
20%
91%
87 %
*86
1
preferred.
General Printing
1,100.
,/-
*18%
•
a
91 %
92
■ 4
.
2
17«;
'•''26
19%
12%/
12%
■
!'a
23%
24%
'103%
104
104,
*111
207
20%
*18%
28%
*28
28%
112
•"
'
24
24
24
*25%
25 7 a
25 Ta
25%
*23%
3%
3%
: 3%
17
Common
*123%.' 126
%
:! 3%'!
35a
3%
21 %
%
125
*123!i
.
-
26
26
26%
3%
.* 12
"
1% /: 1%
125
21%
"
9% July
16% Jan
26
Jun
53
10% Jan
10
17% Sep
110
3
Apr
,115
Gen
700
9%
107%
21%
*21%',
21%
125
103
No par
Gen
900
11%
21%
,
29%- Jan
100
General Motors Corp—.—...—.10
;
$5 preferred
No par
700
107%
1%
Jan
23% Nov
,
—20
preferred
5%
23,900
128%
9 3 tt
26
26% Nov
4
15
: Jan
$6 conv preferred series A.Wo.par
63 V4
107%
'123%
v
5
Co..—
preferred—
7%
3%
4
General Mills
60
-
128%
63 %
62%
127%- 128
9%
1%
Jun
30% Jan
13
Gen Gas & Electric A——Wo par
400
133
107%
25%
28
-2% Jan
;
cum
$4.50
138
114 V2
114%
■
.•133
93«
125
19% Jan
.Ao
(The)—
A
Class
General
8,800
3%
3%
107%
v
Jun
8
5
31% Aug
8% July
12 Va Jan v
General Electric Co
300
9%
1%
■
5,600
*107%
25 3
36
NOV
;—..20
Industries Inc—
Wood
7%
130
40
9%
"123 %
Jan
30%: Jan'
-No par
General Cigar Inc——.—No
1,200
150
107%
a
A
530
109
9%
21!
25% Jan
18
Jan
70
preferred———... ...Wo par
Gen Araer Transportation.
—5
General Baking
—
—5
$8 preferred
....
No par
General Bronze Corp——_.j..?:
General Cable Corp..
-No par
5,900
17%
'106%
21%
6
40
13% Jan
$6
10
9%
21%
16
20
1
Gen Amer Investors—...
3,600
"
107%
21%
July
22%
9% Jan
'
1,100
"9%
>21 %
,109
,
30% Feh
$3 preferred
100
noo%
■
Co
Gardjier-Denver
1,300
.
57
*56
56 '.'4
'11%
11%
62%
127%
63
127%
56
56 %
56
ni%
133 Va
135
'133
62%
127%
Jan
22
10
(Robert)——
preferred—;
Gamewell
100
6% .' 6%
*135
113
*133
135
Jan
97%
21
par
Jun
15%
14
15 Va Oct
—100
—
39%
19
66 >/a Jun
i
(The) cl A_^
Inc
31% Jan
Aug 31
Va Jun
.109% Oct
5% May 16.
pfd—100
10
Trailer iCo/
preferred
Co
6%
■
400
:
41l«
"
.
138
*136
138
114
62%
Jun
'
■
•
*>135
%33
26
11% May; 1
53% Jan- 5
130
41
)■
3%
3%
>
'
"112
9127%
4% 1«
*
3,440
111% nil! a
111%
111
44
4
1
Gaylord Container Corp-..—
5V2% conv preferred..
39%
•
4
18% May
Jun
July
.
3%
31a
3% '
3%
3%
:
8%
*147
<
401V
"
•
3%
-t
35% Jan
58% Mar- 7
1,300
11
28%
149 Via
■■
39
40%
112
Fruehauf
Galr
157
105%
28 Va
3
Freeport Sulphur: Coa—:
Gabriel Co
51%
17
105
27 Va
27
'
Jun
109
43% Aug - 9
Gar
'
■■
25
^^..100
3,200
8%
161V
103% Apr
10
Corp....^—
preferred^—
55 Va
10%
6
-
%
39%
38%
112%
104
'
147%
147%
39%
4
27'2
27%
16
16%
16
16
104
103'a
.
6
6 "
43
par
Francisco Sugar Co———Wo
1,200
14%/
'
'
*5%
Jan
-Machinery Corp——10
Foster-Wheeler Corp—..
10
8% prior preferred——
—25
1,400
.
109
*155%
11
25%
/Wo par
20%
501V
157
—Wo
Stores:
Steel
conv
3,900
6
"
55%
8%
"155%
1018
10%
5%
.J
8%
...
-
9
Food
700
16%
*108'A
50%.
53 Va Nov
(The)————Wo par
Food Fair Stores Inc
1,700
•
4%
-
"r7\ |
14%
-
109
5%
'
8%
157%
5%
'
*108
49 Va
8%
10%
14%
-14%
-
■
Follansbee
80
20%
55 Va
55J%
■
50
*155%
157% 157% '
10%
55%
14%"108%
108%
50%
8%
7 50%
9165% 157%
10%
14% L:
109
"108%
V
*55
55% ;
55%
4
'
14%
-14%
8
100;
—.—.
F'k'n Simon & Co Irtc 7%
t
6%
:/
.: 38% Feb
3
•
16%
51 %
48%'
20%:
50%
24% Jan
190
"65
20
19 T s
19%
Jan
i'lorshelm Shoe class A—Wo par
i.ooo
.-•>
/
f
•
*16%
1614
42
Nov
19'/a
2
'
6
~7
67's
12% Jan
53% Nov
.
13
16,400
40%
4 !•»
*65
6
6%
98%
27% Aug 21
27
34% Jan
200
% '
115
16 v"
6"
48%
•
*16%
16%
16%
16
-
'■
j
.
•
Jan
3
Jan
par
,500
.
...
331,4.
■
114%
r»
6
110
40%*
114%:
78%
Jan
13
220
16%
33%
40%
4%. '4%'
-•?
16
'
:
5
Jan
Jan
45
104% Jan
400
,
23%'
•
16!s
*104V
33% -s
-
*114|«
4%
"
110
.*33%'
23%
■.
f
-
15
Apr
25% July
17
:
■—_25
Florence Stove Co———iNo
700
26%
-24%*
•
15 7s
-"40%
40
,
15%
61
23%;l
*104
%";''
5%
4%
15 !s
24%
-
93
—
preferred_w.
$4.50
.*
1,100
-
44%.'
61
'
no8%
Flintkote Co
20
6!*
6%
National
First
1,700
31%
44%
-
Corp—
preferred
1,300
.
.
15%
--'"'15%'
••
33
'16
,
'
20
4% %
600
!
61
•
23% *
:
V:
16
>
6%-
*60
"65
7
Firestone Tire & Rubber.
40
.
*30%
45%
15
.
23%
*5%
/»•*
31%"'
*30%
6 %
■23%
ns%
6
66
;
6%
4Q
Enamel
30
,
3%
105 Va July
"
109%
61
032%
16%
6*6
%
7
1,700
\
107%
40
preferred^
conv
53
52%
'109%
114% 114%
43% *
16%
16%
-66
1
30
109%
*"44%,
<
15
•
f1o4
l.v
:
.103% Oct
4%%
No par
i—100
1
Fidel Phen Fire Ins ,N Y__^_^$2.50
44
6%
-40**
■•.,
21
22%
<•
45
*23%
a,
16
15%
Oct
43%
'
*'15%
3
22%
'
Dec
6%
22% Jan
22%
40
18 Va
Federated
53,,
■
Feb
Jan
2.400
107%
'44
Apr
13
29%
52%
-
29%
13
*108%
31
*23
4Is
'
;
Dec
18
Ferro
19% July
,
Jan
18%
23% Oct
170
Jan
86
10% Aug
22%
40
*59 %
.*/
114-%
6
v
4%
53
6%
Mar
May
HVa Nov
NOV
4
4
1.500
42
28
8%
23
24
1.300
t/UI.I
Aug
Apr
24%
Nov
Nov
21
24
J'VA
Jun
Jan
103
Jan
24
'5
Dept Stores—-—
29Va Mar
105
17
V
Jun
Jun
Nov
21
Jail
—5
Federal-Mogul Corp
9%
14%
19% Apr 26
100
2
Federal Motor Truclc_-.L-—No par
24%
53%
"43%
•
'
6
4%
.
Jan
Jan
30%
13
/ 17 % Feb
18
Jan
20
26% July 17
14% Jan 17
2,300
21%
*102
*107%- 107%
'
•
%5%
23
14% Jan
15
No par
Light & Traction
$6 preferred—
Nov
78
3%
%
■'9%
a
"
29
23%
52%
52'A
52%
22%
15
'
40.
114%
29%'
102 Ms- 103
23 %
-;-44%'
23%
**39%
"9
9
'29%-
43%
'
15%
600
Federal Min & Smelt Co
'
/
33V4
Federal
•
9
102%
6%
110
la
*21!
22% '
*21%
29%
•
22
22%
22%
4
'
•
400
-
105
*103%
105
*103%
16%
16%
16%
ne1/--
-
105
42% Oct
Highest
f per share
5%
4% July 14
18
3
800
share
6« %
-
3
20
Farnsworth Televis'n & Rad Corp_l
31
r;,
15
-
No par
Fajardo Sug Co of Pr Rico
8.000
*108%' 109 % •
23%
33
St Co
1.800
13%
40
61
6105
.110
33%
Fairbanks Morse
•84!a Aug 24
13 Va Oct
4
.
25
40%
,43%
6%
15%
16%
"105
..2.50
4%
4!a
4
'
44%
"23%
Corp
25%
;i 22%
>
v"
31
23
'
'"23%
Buffet
13%
107%
'
61
/
Exchange
24%
107 %
/
.
109% '<
n.4%
61%
2% Jan
500
40
■
1-
5
41 '/a
23%
'
23% '
44
44% Oct
13%
52%.
43 %
45%
3
25
52%
0%
45%
21% Jan.,
Corp
13%
53
31
..._3
Ex-Cell-0
25'
53
107%
'
:
Products
3.800
X41
22%
*'
30%
'
10
13%
*102
22%
39%
30%
17% Nov
25
22%
•'
23 %
40
Co.
18
31%
29%
103
.'109%
19
9% Apr
4
8 7 it
43 %
109 %
6% Apr
5
15
4%
*21%
*107%
'•
9
Cleaner
Vacuum
Evans
34.700
/
t per
per share
78% Feb
& Pitts RR Co
Eureka
-900
17%
43
53
43%
23
nop'
16%
427«
"22%
a
1
*22%
16%
42 Ta
51%
53',4
107%
'
15%
421a
*i6Va-
29%
22%
.
52
-
*.
9
■103
'*
23 %
/
15%
*103 %
22!
29%
102%
1(12'-,
■
22%
-8%
'
■
4
43
'
"21%
29 VA
2.)1«
52
'
4.
9
'
105
22%
■
'
16%
4116%
105
12 Va
Year 1843
50
24%
41%
24%
16%
Erie
88
12
'
Shares
S
t per share
Par
Lowest
Highest
13%
41%
13
*109%
Ilia
Lowest
EXCHANGE
4%
'
n.
41%
'
*83
*83
11%
42 Va
'
^
25! h
a
$ pe' share
Range for Previous
Range since January 1
STOCK
NEW YORK
for
the Week
31%
4%
41%
13
*83
10
15%
'
—
M.H1T
Nov
S per share
per share
'
—
'
,
i
23 <
••
•
'
■'
'
S
:
—
12 Va
13
*4
Nov. !>
per share
Sales
Friday
Thursday
Nov. 8
•
42%
■
S
share
per
Wednesday
Nov. 7
1
STOCKS
PRICES
SALE
HIGH
AND
Tuesday
Monday
Nov. 4
2085
THE COMMERCIAL" & FINANCIAL CHRONICLE
Number 4333
Volume 160
123
3
24 Va
176
Jan
26
6% Jan
3
16% May 17'
59
Jan
3
42 % Sep
15
27
Apr
27% Sep
4
28
33
Jun
23
,
*
21% Dec
17% May
lO'/a Nov
5
Jun
160%
Jun
'
4S% May 19
44%
Dec
33
July 17
22%
Feb
28%
38
May
35
Jun
38
12 Va
Jan
18 Va
July
9 Va
Jan
15%
Jun
/
6 >:!C
*.
t" H('
4.7
%
,
'
*32%
33 'A
*32%
28'a
28
28
19%
19 3 A
19%
14%
14 3 A
*14%
*107%
108
*107%
106
106
"T06
18
18
37%
33
.
H
CS
' 40
■%%
■'
;
"323
,
28%
__
*28!'h
'
14 3
14%
106
,
7%
&7%
:
7%
*7%
——
'
: * loo
■
For
footijotas
--
—
see page
.
2091,
106
*105%
'150
"
,
*U»6
*106
28%'
18%
■
28
!A
*19 Va
14:%
103
*17%
18%
"33 Va
i
14%
4
108
—
33|
19 %
19
20
108
*150
*150
1
*106%
'
106
xl7%
35
28%'
19%
19%
14%
14%
*108%
110
106
106
17%
17%
7%
—
7%
*106 Va
Hackensack
■
310
7%
107
.
;
73A
*106%
1%
23
Water—
23
10
preferred class A
Printing Co..
19 %
800
Hall
14%
700
Hamilton Watch Co..
110
50
106
280
17%
1,500
7%
107
200
...
No
par
15 % Mar 13
11% Apr
26
21
5
Aug 31
16% July
3
-.100
106
Apr
11
111
(M A) Co $4.25 pfd__Wo par
Harbison-Walk Refrac
No par
102
Jun
14
104% Mar
106% Aug 11
8%
preferred
...
Hanna
6%
*150
*150
..
•
preferred
Hat Corp
of Amer clas* A
(modified)
6Va%■ preferred
100
l,
100;
15% Apr 24
138
Jan
6
5% Jan
14
104% Jan
5
.
21
151
July 24
July in
Oct
4
8% Jun 27
July 12
110
13%
135
4'A
86
Sep
Apr
110 Va July
Jan
18% July
Feb
144 V2 May
Jan
Jan
7Va May
109%
Oct
/
Nov. 4
S
$ per share
7%
7 Va
*107%
73
*72
168
*166
*71%
*166"
82
*166
23
X-
"
22%
44%
44%
45
45
19%
20
20%
20%
18
18
18
'
■
X
41%
41%
*43%
16%
70
.w-u'
107%
*23-%
24 %
22%
*22%
22%
*22%
22%
45
*45
45%
45
*19%
20%
*19
20%
*19
18%
XJ
'
43%
*43%
45
'
'
68%
68%
68%
11%
11%
11%
33%
33%
1%
1%
*8%
9%
*8%
27%
'■
9% '
''
1
12
34%
71,700
1%
1%
700
9%
*8%
9%
*8%
i
14%
7
4%
4
40%
36%
36%
^
.
45
17
54
17
23
70
Nov
8
114
Sep
1
7
Jan
;
44
F-eb
63
7%. Feb
30% Feb 21
;•
1% Jan 11
6
2% Jun
10% Jun
12
Jan
"
"
3
€8% Nov
30%
Jan
%
Jan
41% Apr
2% Jun
,4%
28
5
Jan
9V4 July
10%
22% Jan
6
Aug
6
July*
59% Aug
3% Jan
.
.13% July 3
; 37% July 10
.
114
105 7 Mar
70% July 11
.
Sep
July
July
57% July
Jan
"
107% Nov
Jan
67%
3 4 %
250
19%
1,100
'
;
4% Jan
ii
18%
Jan
37
11% July:
2% May
Jan
Jan
8
Jun
29% Mar
.
,
37
37%
37%
37%
37%
2,500
105%
300
112
600
67%
67%
11,200
37
■;
*163 Mi
-4
36%
•'
109%
'
——
'
8%
8:!'4
180
Co.—.— ...No
Steel
Inland
par
36%
36%
109 %
110 %
109%
109%
230
8%
8M'i
8%
8%
2,400
Intercont'l Rubber.
....
;..No par
3,800
Interlake Iron...:—.—..
No par
100
Int Business Machines-
180
*176%
78%
174%
3%
8%
3%
7% Jan 28
Interchemical Corp....... ..No par
78%
174%
2,800
174%
..'•,1 630
3%
3,400
18%
78
174%
.
9% May 11
300
176%
78
77%
174",4
8%
176%
8%
8%
Bji
20
Insuranshar?s Ctfs Inc—. ........1
3,200
Inspiration Cons Copper.,
29% Apr 27
109% Oct 31-'
preferred—— —100
6%
—No
Jan
'
8% Oct
19% July
!?
44% Jun
7
9%
165% Jan
28
25
1% Jan
4
—5
3
100
15 % Jan
65
Jan
13
78% Nov
1
4% Jan
3
6% Jun
25% Apr
19
15%
Apr
8% July
38% July
Jan
144%
Jan
Jan
/
162
Mar
3
Nov
56%
,
115
Jan
6
28
175% July 11
Nov
6
30
6
,
Apr
July
78% July
106
Sep
5
Aug 21
82
168
6% Jan
,
67% Apr, 25
par..
International Harvester.'..
...—.100
Preferred —
100%
Apr
21% Jan
.
1
181
—No
.7
"
Nov
Jan
62
3
154% Feb 29
par
86 %
158%
10% July 10
8% July
May.
Jan
40% July 17
"114% Mar 13
27
6%
5
23
'
3
6% Jan
12% July
-
13
Jan
11%
7
71% Feb
300
36%
4
48
32% Nov
Aug 14
1,900
3%
174%
Sep
35% Apr 14
16% May
31% May
May
Jan
,<
'
6
165
X87.
1,100
77%
■
111% Nov
3
11
174%
78%
3
83%
180
*176
""
8
8%
,
8
,
16% July 11
20% Oct
4
4
6
10%
8%
*8
;
Jan
83
110
110
...
8
Jan
8
15% Apr 25
Mar
9
■,
'i
2
'
Jun
11
8%
Nov
68
4
158
82%
*36
v
100
36%
*36
Jan
44
...100
6$ preferred—
10%
X82 Mb
.
10
19ys July 10
Jun 26
■
—No pa*
$4.50 preferred A_.
—No
par
Ingersoll-Rand_.
....—
*8%
1U
'
%
46
par
8%
82%
8%
P.
25
42% July 12
105% Nov
8
Rayons...—— —No
Industrial
*163%
*163%
__
7 32% Nov
'
Indianapolis Power & Lt— ...No par
10%
174
Jan
9% Jan
Jun
18 % Aug
-45
May
13% Jan
3
14
82%
174%
36%
.
42
25
19%
9
174%
42%
Feb
14
11
77%
Jan
10% Jan
19%
82%
77%t
7 47% July 13
31
—5
14
65%
*8%
77%
Jan
Manhattan.
—100
preferred——.100
Bay Min & Sm Ltd—.No par
19%
*110%
*176
39
non-cum
13%
67
10%
178%
115
Hudson &
19%
82%,
*176
3
24
420
.*105%
8%
Apr
Aug
23
Apr
.....—20
Idaho Power Co.——...
900
105
8%
17
117
Oct
117
1,600
40%
110
'
8%
17% July
Sep
Jun
19
2
4
40 %
110
-
12%
13
1% Jan
40%
105
8
40% July
Jan
Oct
1
40
105%
36
Jan
7
3
Hupp Motor Car Corp..—
39%
110
*109%
28%
21% No v
Aug
21% May
25% July
■
13% Jah
Houston Light & Power Co...-No par
Houston Oil of Texas v t P,
25
Howe Sound Co__„.—
10
118
Jan
July
115
—100
—
4
13% Jan
5,600
17
105%
8
36% Mar
71
Jan
16%
Jun
136% Aug
Jan
14%
16 Vs Aug 23
32%
110
37
100
23% July 11
47% Sep
5
.
28% July
16%
10%
109%
Ma Sep
6
25% Aug 31
„
4
31%
82
8
7 .123
2
21
4
17
10%
*36
27
8%; Feb
31%
82
109%
Jan
22% Mar
16%
66 Mi
•
9
Dec
49
Hudson Motor Car.—.....No par
31%
111%
—
128
July 17
Hud
16%
105
*163%
Mar 10
73
i,400
31%
110%
*163%
preferred
87
Jan
73
89
Apr
Aug
29% Dec
Jan
134
19% Feb
Holly Sugar Corp..
......No par
? % preferred.......—....—-100
Homestake Mining..^.—...-12.50
Houdaille-Hershey. cl A ......No par
Class B
——No par
Household Finance—.......No par
5%
12%
3
20 % Jan
'
13%
'
*8%
4
105
110
,
.5
*19 Va
\
.
1
105
■%
172
v
18
Apr
—,
Jan
3 J
25
jun 19
Jan
114
Hersjiey Chocolate.
..No pat
$4 conv preferred.*.—.^.No par
Hinde & Dauch Paper COj
10
Hires Co (C E). The
—1
Holland Furnace (Del)
..—10
■
71
152
Nov
Apr 24
63
•.*
Jan
Jan
75
128
Illinois Central RR Co—, .—100
100
6% preferred series A..
Leased lines 4
. ....—100
RR See ctfs series A... .....1000
.•
19%
36%
20% Apr 24
No par
■
110% July
Jan
'
preferred ...———100.
Hollander.& Sons (A)
93 %
27% Feb
168
Mar 11
160
3% May
7 56%"
5,400
'
13%
19
6
14%
16%
"r-y'
'
"
.*13%
30
25
,
22% July 10
75% Feb 25
14
63% Jan
.
No par
—
<8% Sep
108% Oct
Mar 13
10% May
6
r'
28
39%
L-*
'
13%
Motors
Hercules Powder..
5%
31
.
67
%
66
66%
18
2% Jan 28
20%. Sep
share
Pec
1% Jan
(
17
99
._
.
9% Oct
I per
.
40%
*40
14%
4%
4
4
4
f4
—
7
$ per share
6% Apr 28
I
—?
Highest
Lowest
,
4%
*27%
27%
14%
-
■
Hercules
9%
27%
16%
*
11%
33%
1%
14%
31%
110
20,400
11%
33%
*1%
$ per-share
——.
Co.————25
._15
Helme (G W)—_
—.—25
1% non-cum preferred.:
100
100
1,700
68
11
28
16%
*36
200
:
33%
14%
31%
*104%
900
r
1%
28
16%
66%
r
70%
11 Ma
28
31
*13%
16%
33%
*33%
'■'
'
'
'14%
16%
*18%
68
14%
31
40%
68 %
28
1
4%
4
*108
68
200
45
"
14%
14 %
70%
108:%
3,900
42%
*BVt
1%
27%
1,400
*1%
33%
*1%
11%
11%
33%
400
;
18%
108%
16 V2
*69%
16%
16%
*69%
68 1
68
•
■
*43%
45
*108
108%
*108
'
,42%
43%
42%
70
70
1
L.L,
20%
*116,
*43%
16 %
16%
'
'
'
1
■
.1,100
45
18%
18%
*116
•42%.
.
■'
'
■
107%
18%
*116
*
68
71%
123
24%
.
70
*69%
109
*122 %
123
Highest
$ per share
Par
/.•
Heehfc Co.
6c/6
*23%
<7 '
■
Hayes Mfg Corp..
Hazel-Atlas -Glass
a
-r". '
16%
16%
16%
*69%
*69%
,71%
700
81%
•
Year 1943
Range since January 1
Hayes Industries Inc
130
*127
Range for Previous
.
Lowest
■
45
*107%
*69%
*122%
1,000
23%,
81
81%
130
71
45
■
''
43
43%
168
23%
24%
•;
/
*116
43%
*166
23
100
*23%
,
18
41%
73
*18
'
22%
*22%
*116
73
1,300
*22%
L—
.
■
*22%
120
73
81%
*127
10,700
.
20%
23 \
123
*69%
''
*122
24%
*23%
24'. f4
-
123
*122
123
*23%
70%
.*69%
71
*69 %
*122
7%
107
20%
168
*166
Mi
130
*127
'
'
7
107
*72%
81%
*80
..
.
^
_
130
*127
,
23
7%
20%
20=o
' :
,
700
9
9
107%
107
168
*22%
81%
81%
82
130
20%
73
73.
Shares
8%
7 Ma
7%
107%
*72
168
23
23
23
*127
/'
20%
*20%
20%
7%
107%
20%
108
107%
8%
8%
8%
I.-.
7%
7%
.
108
20%
9
*8%
9
*8%
$ iy*r share
$ per share
share
$ p*>r
per share
X
per share
\
STOCK
EXCHANGE
the Week
Nov. f)
Nov. 8
Nov, 7
Nov. 6
.
Nov. 10
STOCKS
NEW YORK
Sales for
Friday
Thursday
Wednesday
Tuesday
.
i
SALE PRICES
AND HIGH
LOW
Monday
Saturday
Monday, November 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2086
Mar
9%
177
Apr
Sep
74% Jun
;
177
Jan
July
"
v.;-
3%
3%
3%
18%
18%
17%
18
*77%
78%
78 %
78%
*3%
.
4
5
4%
89
10%
10
WpU
'11
85%
85
86
*44%
41%
*85
139%
17
16%
16%
17
17
16%
16%
17%
17%
17%
17%
17%
17%
39%
*142%
-*
*142%
*
19%
20
13,900
89%
90%
90%
91
1,400
10
10%
10 %
10%
1,500
85%
88
86%
87
87%
640
'
l.
-i.—
16%
16%
16%
16%
18
17%
18
39
Ma
17%
39%
v."'-
•;
17%
16%
17
36
30
36%
36%
113%-
•
!
'.
97
98
31%
31%
31%
*108%
108%
108%
109
105
*95
Feb
11
Mar
Jan
67
July
3%
Jan
6% May
36% Apr
25
Nov
129
Dec
Nov
91
45%
10/
7% Feb
4
92
39Va Jan
Jun
37%
20
47
43
' Sep
5
3
88% Oct
Feb
3
135
39
3
117
preferred.—..—.100
,JNo par
Dept Stores....—
,.No
Intertype Corp.——
700
Island Creek Coal—,
$6
...
Dec
Dec
15
Apr
38% July
Jan
'Jan
102%
Jan
60
3
r
Dec
115
Jan
6%
2
20% Aug
;
44
July
36
July
16% May
6%
Jan
'20% July 10
9%
Jan
19 %
July 17
July 27
143% Oct
9
10%
Jan
18
45
27%
Jan
32%
Apr
Jan
145%
Jun
12
par
15
Jan
4
1
29
Jan
6
138% Jan 17
preferred—
Oct 19
71% July
Jan
28
J
"11% Jun
Apr 19
11% Jan
Foreign share ctfs—„No par
Aug 28
19% Aug
11% Jan 12
Intern'l Telep & Teleg—,..No par
Interstate
July
14%
69%
Jan
3% Jan
12% Jun 21
68% Jan
,
3
13
1%
138
8% Jan
"
56% Jan
Silver..
400
.
19
55%
5
35% Jan 13
*142%
16%
*95
7
74
73%
83 %
82
82%
16%
16 Va
16%
20 Va
21
iA"—
73%
*82 %
135
16% May
18% Sep
Jun
•
pm. —
109 Ma
*95
L-
"
'
•
:
ti
Ma
16%
*120
'
,'
1,100
31%
700
74%
74
82
%
82%
82%
700
*16%
16%
16%
16%
700
*19%
21
21
300
Kalamazoo Stove & Furn
*73%
82%
,82%
110
*109
109%
.■24%
24%
;
9
16%
21
24%
;
7,100
200
%
*19%
10%
9%
10%
10%
3,400
10%
*9%
10 %
9%
31%
31%
31%
31 Ma
32
32
33
*32%
33%
900
31%
17%
16%
17%
16%'
16%
17%
17%
17%
17%
: 800
*17%
*24%
25%
24 Va
24%
25
25
*24%
25%
*24%
25%
23%
23%
%
.
..
23 Ta
23%
24
*23%
•
'
.X
'
23 Ma
—
23%
23%
'
115-
*113%
35%
35%
%
."
•
Ci- ;V
'
—
U
26%
26%
26%
26%
10
*9%
10
.
'
XT*.
—-i-
'
■
.
;
'
•'
36%
35%
*23
23 Ma
36 Ma
36%
1814
18%
*112%
35%
23%
36 %
36%
36%
6%
6
6
71
72
72
26 Va
26%
26%
26%
9%
9%
*9%
10%
*35%
'
400
1,000
600
6%
72
240
.
1,500
27
9%
7 400
36
36%
700
36%
36%
37
9%
36%,
"
x36%
16,800
36
6%
600
1,000
23%
73%
35%
'■
18%
23 %
72 Ma
35%
200
.
115
35%
26 Mi
74
*9%
35%
35%
24
115
6 Mi
'
72%
*112%
.36%
6
6
73
*18
18 Mi
115
*23^
36%
6
6
36%
35 Mo
'i
'
23%
73
*35 %
*17%
*113 Ma
.;
35%
•
36%
36%
1
115
*23
23%
*23
17%
17%
17%
17%
*113 %
Johnson
2,700
*97/a
10
10
10 Mi
85
85
85 Ma
85%
87
87%
150
28%
29
29
29
28%
28%
700
Lambert Co
28%
28%
*28
29%
*28
29Ma
100
Lane
41%
41%
*41%
42 Ma
*42
42 Mb
*9%
*85
87%
85
85
*28
29
28%
*28
29 Ma
*41%
42%
15
101
70
Jan
92% Sep
78
May
20% Jan
8
95
Aug
79
3
27% July 10
19%
Jan
26%
Aug
Apr
58
5
74
Oct 31
54
Nov
65
Apr
87
July 10
64%
Dec
82
Apr
12%
Jun
Jan
•66 % Jan
4
10% Jan
14
Oct
3
19% Jan
Jan
Jan
,17% Oct
X26
4
20
25
9
19% Jan
29
19% Jun
Feb
29
Feb
11
Apr
Dec
29%
7%
Jan
17.
Jan
14%
Jan
8%
102
Sep
Sep
24% May
17
16% May
Jan
113
Jan
10
28%
Jan
35%
23% Oct
14
3
15%
Jan
25
Jan
20% July
34
July
Oct
42
8
Apr
Apr
7
1%
Jan
-6% July
74Nov
•
3
34%
Jan
Nov
10
18%
Jan
58% July
24% Sep
7% July
54% Jan 28
22
Apr
11%
•7
Sep
Aug
10%
May
4
17
19
19%
127
Jan
Nov
-
3
Dec
5%
115
7
31%. Mar
Jan
121
,
-36
May 18
29% Jun
20
Aug 31
24% Jun
13% Jan 26
HI
xl2%
39% Mar 11
19
17
25
14% Mar 28
4
13% Feb
.
Feb
8% Jan
13
21% Aug 18
124
24
6% Jan
May 25
7 17% Oct
16% Apr 27
120
,
■
10%
10
Nov
90
10
City Southern——.No par
preferred.——100
1
Kayser (Julius) & Co.—
5
Kelsey Hayes Wh'l conv cl A,
.1
Class B——
»
-1
Kendall Co $6 pt pfd A._—No par
Kenhecott Copper..
,—No par
Keystone Steel &'Wire Co.—No par
Kifnberly-Clark Corp...—TNo par
Kinney (G R) Co..7—
—.1
$5 prior preferred.,
..No par
Kresge (S S) Co.
——.10
Kresge Dept Stores
—...—1
Kress (S H) & Co—
.No par
Kroger Grocery & Bak
No par
*9%
*9%
34
July
109% Aug
9
non-cum
37
37
16% July
Feb
% Mar
25
31
& L nf ser B—..No par
Kaufmann Dept Stores—..
36%
37
*36%
37
9%
10
34% Sep
109% Nov
84% Feb
Kansas
4 7r
" Oct
8
107% Sep 29
&
Kan. City P
*120
*120
L—
50
105
*95 i
105
.
*
•
10
98%
31
74
24%
24%
Jan
26
99
18% Jun 10
7 38% Aug 28
112
Oct 27
13% Jan
Johnson——.—12%
4% 2nd preferred ser A——100
Joliet & Chicago RR stamped—100
Jones & Laughlin Steel.......No par
5 ¥o pref series A
—*—100
5% pref series B conv..—-100
Joy -Mfg Co———
——1
73%
82 Mi
\
*19%
'
98%
32
109%
105
24
...
3
27
Apr 22
107% Jan 21
—1
..No par
Co
4%% preferred—.———100
Johns Manville Corp——No par
>
98%
98%
*31%
Jar vis (W B)
Jewel Tea Co Inc
113%
*110
113%,
*110
98%
31%
*73
v-"'7'"'
■
21
21
36%
113%
7-1
1,400
1,100
17
36
*109
■
'
.■
16% '
*120
16%
36%
*95
24%
*73%
*120
,17
36%
98
'
-;
■
24
24%
24%
'
—-
'
r
16%
31
U—
•
17
3 6 Ma
*110
—I-'"
'
105
98
36%
66
4% May
Jan
11% Jan
;
20
.—50
1,400
39
36
"•
mmpj'
113%
*110
31%
*97
35
100
%
'
,
*17
.
7
—
Paper
Oct
;V,
20% Aug 30
—No par
X-:
*110
Co...
preferred——.
conv
32% July
136
3
13% Fe;b
Inter Rye of Cent Ara—.,—No par
.100
5# preferred.:
....—
..No par
International Salt—..
3,200
,
17%
39
*142%
*142%.
fW"
18
*17%
*39
5%
Jan
.15
International
v
130
—
International Shoe——
29,500
18
*39
•
100
Preferred I.—...——.
.
17%
17%
Int Nickel of Canada—., —No par
International
100
,
,
17%
16%
17%
*17 Ma
L—
•
16%
17'
17%
'
"
•
16%
16%
'I6M2
''Lf'
—
900
■
40%
139%
*120
139%
*120
International Mining Corp
3% Aug 23
18% Jun
'
200
46
88
88
88
*86
88
40%
40%
40
134%
*44%
46
*44%
44%
*86
40
39%
39%
20
40%
*120
'
•
17%
17%
19%
*
IntTHydro-Elec Sys class A
International Min & Chem
4% preferred—...
690
;
89%
44%
n,
i-ri
11.400
30
137%
20
40-
128%
*120
85 Mi
——
29%
*135
137%
1,500
4%
10%
*10
f
•
86%
86%
86%
*120
■
■
41%
41%
*
:
■
46
*44%
46
*40%
16%
89%
"
..
'K#
V2
19
'
4%
30
29%
*135
100
78
*77
4%"
4%
5
30
18
78
*77
135
,135
"
10
*9%
85%
29%
•
M
''
—
89%
89%
*89
;
20
19%
20%
20
*4%
''UL
29%
17%
17%
78.
*77
-
135
135
135
■
5
%
29%
29%
29%
*134%
17%
3%
3%
18
-27
7
2%
Jan
27% Jan
4
36% Sep
1
23%
Jan
31% Jan
4
37
Oct
24
24%
Feb
Jan
17
'
10% Oct
6% Jan 25
•
10%
:
32%
Apr
Sep
32% Nov
E
*
11 %
11%
29%
*29
__
__
11%
29
29
29
124%
124%
124%
124%
5
5
■.
11%'.
11%
5
*124%
9%
5
5%
1%
1%
1%
26%
25Tb
1%
11%
26%
29
29
126
5 Ma
...
1%
1%
1%
2 6 Ma
26%
35%
35
35
20
20%
20
20 Ma
50
50
50%
50%
52
52
51%
51%
52
-
■
75a
7%
7%
7%
*45%
47 %
*46'%
47!
78
*77
79
78
79%
81
180%
*180
,
_i
7%
a
79 Mi
80%
180%
181
*30
30
30"
46
46
38%
.38%
38
Ma
38%
page
Ma
48
80%
see
7
2091.
45%
38%
35%
1
29 Ma
*28
42 Ma
11%
28%
42 Mb
300
11%
6.000
900
29
60
126
*124
5.700
5 Ma
5
350
1%
1%
1.900
Ma
26%
2.000
26
35%
*197/a
1,100
36
1,200
20
19%
•
20
50%
51 Ma
50%
51 Ma
52
*47
181%
31
footnotes
,
80%
45%
For
'k..
*35%
*78
45%
*30
5 Ma
26 M«
50
51%
11%
*124
5
35
■
11%
29
35
50
.
125
20 3 4
35
*20 Mi
.
26
l7a
26 %
29
-
,
52 Mi
51%
52%)
1,600
7%
7%
7%
8,800
47 Ma
47 Mi
47 Mi
77%
78
78 Mb
7%
*47
77%
81%
X80
8OV2
181 Ma
181
181 Ma
31
*30 Mi
31
46
*46 Ma
46 Ma
38%
38%
39 Mi
81
181 Ma
*30 Ma
47
39 Mi
81
181 Ma
31
48 Ma
39 Ma
2.400
.
•
5%
preferred—
Bryant
—
Lee Rubber & Tire—
Lehigh Coal & Navigation
Lehigh Portland Cement
4 % conv preferred
Lehigh Valley RR
Lehigh Valley Coal
6% conv preferred
Lehman
8
: 220
100
Preferred
Lily Tulip Cup Corp
Wks
2.600
Lima Locomotive
1,900
Link
Belt Co
3
21
Apr 26
113
Jan.. 7
4% Jan
3
1% Jan 29
9%
Jan
35
Jan
73
Oct
July 12
17%
Jan
29%
Jun
Jan
19%
Jun
29% Oct
7
19
11%
26
26%
Jan
8%
Dec
9
Dec
Jan
29
July
107%
Jan
120
July
2%
Jan
12% Oct,
5
July
5
125% July
6
7% Mar 21
31
2y8 Jun
20
39%
30
Oct
8% May
ii Jan
2%
Jun
4
28% July 19
11%
Jan
20%
Jun
4
36% Oct
19
24
Jan
32
July
5
.21% Jun
21
Oct
19
14%
Jan
22%
36 %
Feb 14
52
23%
Jan
38%
42
Jan
3
53% Aug 21
31
Jan
43%
Dec
6% Apr 24
8% July 20
48% Oct 28
5
Jan
8%
Jun
30
Jan
Dec
18% Jan
39
Jan
8
„—25
68% Jan
3
83% Jun
27
62
67% Jan
13
8
26
3
62% Nov
174% Jan
86% Jun
181% Nov
—No par
16% May
May 31
44% Jun
19
Apr 24
Jan
-
25
,—100
No par
—No par
Tobacco
Series B
*
8
29% Jan
—5
Life Savers Corp
Liggett & Myers
17% Jan
-'
15% Feb
No par
Libbey Owens Ford Glass—No par
Libby McNeill & Lfbby
T
1
100
30
No par
—50
Lerner Stores Corp...
500
1,200
100
—50
104
——.1
(The)
Prod Corp.,
Corp
Lehn & Fink
—25
14
Apr 17
-38
5
Co'..—10
13
Jan
9% Jun
No par
.-No par >
(The)
3
62
26
100
100
Laclede Gas Lt Co—
36
Apr 25
31% July 10
48% Nov 10
37
Jan
42% Jun
26% Feb
3
6
27
171
Dec
41
71
73%
Jun
Dec
July
July
Jun
182% Aug '
28% May
22%
Jan
24
Jari
44
May
34% Jan
43
July
Volume 160
THE COMMERCIAL & FINANCIAL
Number 4333
CHRONICLE
2087
NEW YORK STOCK RECORD
LOW
Saturday
Nov. G
J per snare
s per
,
$ per
S per snare
y per snare
Nov. 10
Nov. 9
Nov. 8
Sales for
Friday
Thursday
Wednesday
Nov. 7
vwro
STOCKS
SALE PRICES
Tuesday
Monday
Nov; 4
HIGH
AND
I per
snare
NEW
Range for Previous
Range since January 1
STOCK
YORK
Lowest
EXCHANGE
the Week
'■■■».
18%
18%
19
19
500
Lion Oil Refining Co—
27
27
27%
27%
27%
27%
27%
27%
400
Liquid Carbonic Corp
—No
21%
21%
21%
21%
22%
22'%
23%
22%
23%
21,400
Lockheed Aircraft Corp__
—4
65'4
65%
65%
66
05%
65%
65%
66
66
66%
No
par
48 V8
48%
48
48%
48%
48%
48
48%
1,600
Lone Star Cement Corp-.
No
par
11 •'
12
12%
12%
12%
12% '
12'A
12%
3,800
Long Hell Lumber A
No
37%
37%.
19%
37%
•22%
23 '%
89T«
89To
•,
,
37%
19
19 Va
*163
164%
Loose-Wfles
19'A
2,400
Lorillard
164%
19'%
*163
191/4
10
164
23%
23%
*89
Loew's Inc——
1,100
164
*22%
' 23%
*23
23'%
23'A
23'%
89%
89%
*88
89%
89
89
165
3,300
38
37%
37'/a
37%
19%
12%
89 To
*162
165
:
19
18%
19%
•162
37%
37%
,
48
48
XI1%
"
7%
.
Biscuit
22 % May 17
29
July 11
12 Va
Jan
213% july
13
15%
Jan
217a
'7
23% Nov
10
12'%
Nov
257a Mar
68% July 10
42'%
Jan
64% July
513%
preferred—
40 % Feb
24
52'% July 10
12% Oct' 19
37%
Jan
3
6 Vb
Nov
11'% May
Jan
3
38% Nov
lb
Jan
31
Oct
21%
Jun
17% Apr '29
Nov
164
16%
Oct
148%
8
24% Oct'
>».
Jan
No par
20% Jan
12
Louisville & Nashville
100
69% Jan
3
100
MacAndrews
4
15%
Jan.
90% Mar 17
Louisville Gas & El A
400
,
1.
20% July 13
Jan * 5
151
200
.
a
Jun
8% Jan
.—100
i.
1
May
28,
10
Co_
(P)
58
25
,.
t per share
14
par
18%
18%
18%
Highest
share
14% Jun
par
1
19
•26%
! per
Sep
19% Jan
18
No par
18%
27
21%
•18',4
$ per share
$ per share
Par
Shares
shipre
Year 1943
Lowest
Highest
59%
Jan
Jan
163% July
22% July
79
July
M
•28%
29
•142
149%
43
29%
•107
30
*18%
;
*107
*8%
Macy (R H) Co Inc——No per
4'%% pfd series A___——*-100
100
Madison Square Garden-,.-—No par
<17
17
450
8%
3,700
13%
100
*23'/a
3%
3'%
7%
7%
7%
16%
16%
18 %
18
20%
20%
20%
20%
20%
18 Va
18'%
9,000
22
22 Tb
16,700
16%
16%.
11%
10 %
10%
10%
11
10%
11
10%
11'%
5,100
41%
41%
41% ;
41%
41%
41%
42
42
1,400
26%
26%
27
27
27
27
400
26%'
22
*26%1
62%
9%
'
9%
40
*38%
63%
!:' 9%
10
*38%
40
,
28%
19%
28%
*111
19%
29%
1,200
May Department
3,000
18%
18
18%
17%
'
53%
53
27%
13%
17%
19%
19%
91%
*36%
37'%
13%
13%
36%
13%
13%
13%
24%
24%;
34%
35%
35%
43%
1x0 Vat
24%
8
8
300
2,600
3%
3
3
36
35%
108%
53%
53
38%
*38
*38
109%
28%
28%
28
28%
21
21
21
21%
21%
21%
21%
*21%
32%
32
32%
10
9g4
97%
83%
83%
84
Jan
21%
32%
vtc__!——:
B
97%
21%
21%
*112%
113;
113
13
13%
*51
53%
113
13%
13'%
53%
13
53 %
*112%
13
*112%
33%
84
*51
53
53
*112%
13%
Feb
343% July
Jan
12% July
478
Jan
4
52% Aug 22 '
25
Jan
42
Mar
1
39
Aug 10
Jan
3
36
Oct
2
237a
26
Sep
Jan
34%
Apr
Apr
25.
5
53%
9Ta
Apr
46
8% July
No par
—10
Chemical Co
series
B——T.—No
Wheel
Jan-
July
32% Mar
4
1Tb Oct- 26
44'% Nov
10
111
Oct
23
107
Feb
110
Apr
|
112
Mar
17'
107
Nov
113%
Feb
i
Sep -28
109% Nov
9
6'% Jan-19
9'% Oct
5
3
Jan
87a
Jun
<
I
Mar 13
93% Jan
111
5
2% Jan
3
8 Va Jan
29
64%
Jan-
98
July
137a
Jan
25
July
Jun
4'% July
.
3%
5
Jan
3% Mar
3
Sep
16% July
8
3Tb
Jan
117b
Apr
3
<
Jan
19 %
30
23% July 10
13
17% Feb
,
39'% Jun
26
17%
Jan
30 T4
NO7
Oct
17
25
7
•
74% Apr-25
88% Oct
Dec"
75%
9
92%
Jun
111% May 22
117
Jan
24
113
Dec
119
Mar
114 % May-17
119'% Sep
7
116%
Dec
121
Apr
107'% Jan
113
Aug 29
53% Nov 10
106'%
Nov
114% Aug
5
*
41% Apr
26
35% Jan
11
42
Oct.
21% Jan-11
15% Jan
3
30
July 15
16% Jan
26'% Apr
4% Jan
33'%
Jan
31'%
Jan
39%
Oct
13
3
24% Jun
Jan
27 Tb
Jun
Jan-
17
Jun
9%
27
50
July
11 Va
Jan
187a
28
21%
Jan
31
Mar
10'% Oct- 11
23%
Jan
7
Jun
Jun
23
7
1
19
July 10
33% Jun
4
72
Jan
53
Jan
Aug 12
24% July
3
15
Jan
23%
70
May 24
84
Nov
6
62
79%
111
Oct-26
116% Feb
24
111
Apr
July
Apr
77
20
-No par
Munsingwear Inc
—,—No par
Murphy Co (G C>———No par
4%% preferred
———-100
Murray Corp of America
^—10
Myers (F E) & Bro——No par
3,800
15% Nov.
26
105
—1
$7 preferred
58% May 29
4
26
27
—5
class B
Sep
Jun
108'% May-22
par
Co
16
107
No par
Corp—
Brass
•
1% Oct
36% Apr
No par
Tool_j—
Mach
Apr
Aug 23
144% Oct
12% Oct
No par
preferred ser A——No par
Mueller
400
54
*52%:
27
15 Vo July 11
-
preferred series A
—100
Carpet Mills———20
Mnllins Mfg Co
113
13'%
"
1,100
300
84
*83
*82%
83%
83%
Motor
14.0
*20%
96
*20%
Sep
10
38% Nov
4
'
preferred
Preferred
3,000
96%
X95%
21,%
78%
6
SS M A vtc—No par
St P &
Monsanto
400
10%
Feb
Jan
27
1
1st preferred
Motor Products Corp—
21%
89
60
25
1,300
10
Apr
673% Jan
6
July
7%
~30
*32'%
1074
8
Oct-
94
28
37
5
21%
9%
3
JanJ
Sep
100
8% Jan
21%
32
9%
4
31% Apr
2,710
21%
"
10
19% July 20
12% Sep 25
3
Jan
70
28%
98%
84
*51
8
28%
21%
32
109
8
82
100
98%
21%
*21
133
8
38%
*20%
98
21%
13%
Nov
38%
32
22
32
9%
*20%
*112%
14
128
$4.50
'
•'
Sep
16% Aug
39
21%
Jan
103
$4 preferred series C——No par
Montgomery Ward & Co—No par
Morrell (John-) & Co
No par
Morris & Essex—:—
—50
21%
6
14
50
28%
Sep
13% Oct
6,500
21
117a
9
53%
:
Jan
Feb
109%
28%
Jun
6%
10
53%
28 Va
Apr
25Tb
30
53%
*38
38%
20%
21%
*108
50 Tb
Jan
Jan
Monarch
109%
16'% May
Jan
106'%
500
116
53%
Jan
14'%
4
2,300
*107
53 J/8
8%
38'%
116 '% Jan
cum
83%
116
6
6
3178
Mo-Kan-Texas RR
4,700
119
*112
19% July
55% July
30%
24%
83
Sep
Jan
*35'%
24'%
29
28% Nov< 10
1
104 Va Oct
Mohawk
*114'%
Sep
Oct
Jan
Jan
200
83%
17*'%
113%
19%
187a
10,800
*112
109%
:
28
:,
29
Mar-20
Jan
Jan
104
20%
13
119
*114'%
119
*114%, 116%
115%
53%
9%
7
Feb
H'%
28
13
22'% Aug
39
'
115%
97
Jun
32% Oct
SeTb
Jan
28% July 10
36
24%
x83
84
*116
21
13
Oct
110
12%
16
112% Apr
Jan
36
Jan
100
110% Aug 29
29'% Oct
Feb
13
'
36
*24%
24'%
83Tb
.
108%
9%
Sep
217a
July 10
14
12%
12%
'44
7'% May
27 Va Jan
4%
2,000
20%
24%"
84%
119
53%
97
Aug
60
2%, Jan
27
"
109%
*32
176
Jan
14
series D—100
Minn Moline Power Impl—.—l
$6.50 preferred
%
No par
Mission Corp—
10
50
110
107%
2%
3.16%
•
20
*108
7%
12%
*116
39
Jan
37
11% July 10
6
21% May
Minn-Honeywell Regulator
—3
4% conv pfd series B__
.—100
4 % % preferred series C—100
113
*110%
19%
2%
116%
*38
165
18
Petroleum.;—
Products
Steel
Class
1,900
107%
*35%
27% Mar
9
10
23% Sep
Minn
400
20%
12%
*108%
53
1%
109'%
2%
36
Jun
July
-.100
■Minneapolis & St Louis Ry—No-par
500
20'/a
11%
84%
85 %
197a Nov
7%
10
8%
10,600
*106'%
3
24
23%
119
11
NOV
Jan
-No par
Midland
20%
12
36
64
23
—5
Mid-Continent
109'4
2%
36
43%
109 3i
..7 Tb-
11%
2%
32
Apr
%
Copper
700
44'%
1%
.
113
109%
19%
19%
;
*110
*110%
8
*106
109%
19%
■
•
14% as
43
110
7%
52
52
*110
113
*108
8
7%
Va
,43
43
*110%
110
2
*1%
1%
*110
113
*106
,
43% July
47
No par
Min Trans Co
800
■
150
143
*142
51
32
85
35%
14% ,.15'%
42%
7%'
39
23%
24%
35%
51-
*107%
106
*116
24'/a
142'%
:
Jan
22
20
„100
**.
Machine Co—.—.
Miami
24%
15
42%
2,100
35%
51
1%
7%
35%
14%
*110'%
110
3%
31% May
Jun
97
Co——
preferred
Mesta
*24'A
142%. 143
2
1,700
4
50%
110%
*35%
35
35'/a
7'%
15'%
43%
May
par
1
*—No
Stores
Merch &
200
37
Va
24 3
35%
180
51'%
51'%
7%
7'/a
7%
*24%
143
*1%
113
2%
.
52%
*110
11%
1,100
14%
2
7%
13'%
*51%
15%
19%
13'%
142%
143
53
106
13%
35
24%
*107%
700
*36
24 %
43%
38'%
35
34%
*110%
37%
51'%
7%
143
July
24
Apr
16
Mfg. Co.——10
Mead Corp.—
V
—No par
$6 preferred series A_
No par
$5.50 pfd ser B w w——No par
Melville Shoe Corp
;—
1
Mengel Co (The)—
1
5% conv 1st preferred
,—50
90
37
7%
*1%
93%
37
7%
14%
*17
27
MeQuay-Norris
80
37%
13%
'5 7o
2,300
93
51'%
7%
*51%
11%
92
34%.
*7%
*142%
200
100
99%
3 4 TV
34%
Apr
Jan
Dec
23% Oct
109Tb Feb
No par
preferred
McLellan
40
17%
11%
11%
400
109%
17%:
100
$4
300
13%
*109
17%
2,300
103
13%
37%
34%
18'%
9%
14%
5
—1
McGraw Elec Co_
28'/a
52
51'%
37%
34Ta
McCrory Stores Corp
5% conv preferred w w
3,100
30
103
*51
51%
37%
34%
52
'
Jan
21
12
Sep 30
51% May 17
7
Mclntyre Porcupine Mines
—5
McKesson & Robbins Inc——i—18 ;
*35
52%
37%
34%
•37%
■
McCall Corp—
700
McGraw-Hill Pub Co.—
*37
37%
Jun
9
May 17
176'% Nov
19% Jan
1,600
92
13
Apr
8%
6 3% July
2
106'% Mar
1,100
109%
*99
91%
preferred—
18%
11%
11%
99
92
37%
Sep
19 3%
29
32% Mar 10
53
*17'A
17%
99
37
12
Jan
Jan
2
4% Mar
No par
No par
No par
——*
1
100
28%
*13%
11%
:
100
Jan
3 Va
27
18% Oct
52% Feb * 4
18%
13%
*90%
91%
*90
*17%
11%
11%
: *99
Jan
6'%
4 Tb July
Mar
170
52'%
102%
*109
109
,
112%
29%
28%
28
13%
109
173/2
*17%
11%.
100
3%
Jan
19% May
par
V-,-10
18%
102%
103
*13%
110
*109
17%
11%
*99
.
Mar
22% Nov. 10
25% May" 5
52%
52%
28
*102
13%
*13
13%
110
27%
27%
103
103
300
29
*28 Va
*112
29%
*18
53
*108
—No
Stores
preferred——
$6 1st cum
112
*110
19%
29%
17%
53
27%
4
preferred
$3
40
*38%
112%
*112
29%
53%
•
3
Maytag Co
9%
9%
28%
*19'A
20
112%
*29%
29 To
29%
103%
4% Jan
37% Apr
——1
100
20
64
40 '
28%
29
19%
*111
112%
53 >4
27%
3
Wks
Alkali
Mathieson
7%
27
Co—
180
112
*110
*18%
*102%
Corp
64
:
;
Masonite
*176
9%
*38%
40
*28
19Tb
19%
30%
9%
4,500
5
13'% Apr
16% Jan
Dec
243% Mar
"
*110
*28
112%
28%
*111
9%
*38%
•
*110
•110
63%
9%
22%
22%
22%
176..%
63%
:
180
:
Martin-Parry Corp
Master Elec
21
12'% Jan
15%
320
1%
8'% Jun
No par
Co„
(Glenn L)
Jun
30% July
Aug 10
4
—1
—.No par
—No par
Field & Co_
Marshall
Martin
37%
16
"
63%
-
21%
176%
63%
21%
21%
*'176
180
*176
62%;
63%
22%
21To
22%.
180
Market
1,090
41%
26%
1
Midland Corp—
5
St Ry 6% prior pfd—_ 100
3
10%
*176
24% Oct
6'% Jan
29
May
138% Nov
14'%
5
13% July 17
24
Marine
21%
Nov
14
6,300
21 '/a
Nov
18% Feb
7%
7%
Jan
15
315
10 % Feb
7%
,
10
5
9% Sep
6Ta Apr .24
1
19%- Jan
5
par
25
19
18'%
■
No
•
2'% Jan
*40%
27
—
—
Maracaibo Oil Exploration
16%
21%
-
Bros-.—
Jun
Jan
21
Oct
391
July
28
8.
18% July
9
21
3,700
7%.
18 3 «
Sugar Co
Mandel
Jan
19
12
14% Jun
3%
16'/4
16%
18
Manati
Jan
14
315
_5Q
107% Nov
Jan
133
38% May 27
6
Jun
20%
29% July 21
139% Aug 11
45% Nov 10
1
104
—10
Co
Coal RR
Manhattan Shirt
<18 Va
7%
*16%
X20% Aug
3'%
3'%
7%.
>
Nq par
Inc
Copper
Magma
Mahoning
24
8%
24
3%
16%
1,200
*13
8%
3%
18%
18%
18%
3%
16%
7%
100
*350
3%
18
,
9,000
13%
*23'%
25
*24
25
*24
25
*3 %
30%
107%
16%
*13
13%
<30%
Trucks
6
Feb .21
34 Va Jan .27
*107 Va
450
8'%
8%
8%
*13
13
13
*350
25% Apr
135
100
*,*>
Mack
19
16%
16%
450
*350
—10
Forbes
&
preferred
5,300
30
107%
*18
19
16%
%
6 %
45%
44%
44'%
29%
*107'%
8%
*8%
13%
*24
16
450
*350
8%
*13
29%
107%
*18
19
16%.
16%
450
29%
107%
30
107%
*18
19
*16%
*350
'
29
148
*142
148
44'%
44
43%
•
*142
148
*23%
29
*28%
29
*142
*
43%
29%
.
107%
'
149 %
43%
43
*28%
28%
28%
*142
,
8% Jan--3
43% Jan
Oct
100
4
17
5'%
34'%
14% Aug 24
53% Oct
5
6
% Jan
10
Jun
Sep
117
Aug
Jan
11% July
Jan
44
Feb
N
*
%
15%
fir
15%
15%
15%
ID
*^8
15%
%
15%
*31%
32%
19
32
Xl8%
19:;.:
18%
19'%
10 •
*9%
10
9%
10
9%
■
*31
11%
*11%
11%
*11%
•13%
14%
13%
13 To
13%
24%
23%
24%
24
178
*177
178
*176
300
14%
2,400
*176
177
24 %
23%
23%'
7,900
100
180
"176
180
20%
20%
20%
20%
20 TV
20%
13
12%
13%
13
13%
13%
13% '
13%
13 '/a
5,900
32%
32
32%
32'%
32%
32%
32% ' 33
11%
11%
11%
11%
32
11%
13%
33%
13
13%
xl3
24 %
24%
24%
:
*11%
31%
11%
11%
*18
*11%'
12
12
*11%'
35%
35
*34%
35%
13%
13%
23%
*177
101
24
24 %
177
102
101
177%
—
.
*149%
*149%
152%
17%
152%
17%
18
*17%
_—t :<-
21
20%
20%
*20%
■34
*32%
33%
32%
7
6%
'
%
64
64%
13%
101'.
177%
*150
17,<
20%
32%
*32%
8G%
92
*90'/a
11%
11%
3
10%
0%
15%
15Tb
32
32
105 %
*104
*66%
68
*106%
108
.
-
16%
6%
25%
86%
86%
700
1,200
25% '
25%
86%
86%
*90%
92
•
*90%
?■
.11%
11%
11'%
..
91
91
11'%
11'A
33
•
' 6%
500
15,400
10%
10%
10%.
15% '.15%
15%
15%
;
,
*31
*104
68
108
16%.
*107
.
*30%
31%
*104
105%
68.:
108
31
*
18%
2,400
26
87%
290
91
140
11'%
16%
112
footnotes see page 2091.
National
Nat Mall
*
6
3
17% Apr
18
5%
Jan
10%
Sep
% Aug 31
187a
Jan
297a
Dec
.26
xlO
Apr
33
18
Service Corp.—
National
Oil Products Co
National Power Si Lt—
14% Oct
69
108
.31%
10
*
No par
—_—No pat
t
5 %
(J J)
preferred series A*
Newmont Mining Corp.
No par
—100
—10
1
17%
■
17%
3,000
Newport Industries
16%
17'%
112
5,200
Newport News Ship & Dry Dock
*107
97a
Jan
25% Oct
11
19
147b
Jan
21 Tb July
3
67a
Jan
3
20
Aug
157a
Sep
Mar 15
9'% Mar
12
Dec
*25% Jan
36
Dec
87'% Jan
36
$5 conv preferred
1
No par
Oct
17'%
24
'14% July
Jan
Jan
,
70'% Jan
30
-25'% Jun
11
6
5
Oct
102
29'% Sep
11% ^un
903/a
Nov
20%
Dec
19
Jan
7
27
14
Jan
Feb
25
179'% Aug 21
160
Jan
178% July
141
Jan
188
152% Sep
137.
Jan
150
Jun
13
22'% July 17
Xl6% Sep' 14
17% Apr 19
23
Jun
27
143%
Jan
22
May
28% Apr
„
34
Jun
28
27
Nov
36
Jan
7% Oct
18
5
5% Feb
7
57% Feb
5
11% Feb
4
27a
;
Jan
Jan
64% July
5®%
Jan
157a May
7%
Jun
July 20
17% July 10
52
Sep'16
79'% Feb
30'% Mar 16
14'% Jan
28%
Jun
89'% Aug 18
57
Jan
80'%
Jun
83'% Jan
*—25
4% %, conv serial preferred—100
1,30a
14
13% Aug
143% May
164
-4
No par
Sep
Jun
29
No par
National Tea Co
Newberry Co
31%
17%
—
July
21%
19'% Jan
93% July
7
62
Jan
88
Jun
11% Nov
2
-----
(The) Pa——10
$2 conv preferred—
*-40
5% %
prior conv preferred—10
'6% prior preferred
.—100
3,900
105'%
10% Nov
137a July
13 ViJan
1
par
100
:
163% Nov:
23% Aug. 21
Sep"14
xll'AFeb
—-—100
—100
& St'l Cast Co,—No
Linen
31
*30%
*104
31'A
*107... 112
/20'% Nov
8'A Jan
No par
-10
Neisner Bros Inc
*106'%
112
preferred A
preferred B
Nehi Corp——*
70
*107
77o
6%
100
108
16%
preferred
800
*66%
16%
conv
1,800
*106%
17
17
5
15%
70
16%
Feb
25
10%
•
108
17%
176
162
Feb
Natomas Co——
106 %
18'%
Jan
18
National Supply
*86%
17%
31
Jan
15%
31%
31
23
180'% Oct
Mar
9
.*10%
105 'A
30%
Jan
1
165
26
5,300
*11
10%'
30%
Jan
20% May 18
153%
1
2,900
790%
11%
*30%
8%
20
No par
14%
87
15%
*104
Feb
18
37% May 24
64%
*66%
.
.
J
31%
105'%
10'A
8%
14% Oct
3
Gypsum Co———
Apr
Apr
11% July
12'/a July
24% Oct
30'% Feb
13%
26
,
"91,
*15%
13% July 12
No par
National Steel Corp—
"
X10%
2
5
$4.50
<
16%
Jan
11% Jan
National Lead Cb——
160
20%
193/a
5%
10
64%
13%
25%
.
..
'
87%
17%
112"
For
13%
25%
*30%
16%
32%/
64'A
64
13%
86%
18%
18
'<
6%
64'%
14 *',•
30%
'30%
16%.
20%
33%
13'%.
177%
Dec
13% July 10
4
9% Jan"
—_1
No par
—No par
preferred,:
National
310
152%
13
8
"
20%'/
16,000
2,200
24
*150
17'A
..
101%
v
177/
177 %
64
641/4
3,900
.' 24
3
Jan
9
Nat Enam & Stamoing-
lOQ
13%
101%
.
152%
6%
6 TV.
<
24 Va
20%
13%
25'%
86%
101 v
24
18
,
35%
13%
25%
13%
25%
•
6%;
.7'!,,
*34%
13 Va
35
36%
1'% Feb
15'/a Jun
40 3%
Nat Distillers Products—
12 7
35%
Jan
Jan
'
17% July
5
12
6%
*11%'
12
36 %
•
7
National Dept Stores-,
13'A
152'%
*17
*32%
1,800
35
24
*149%
*20%
National Cylinder Gas Co>.
Nat Dairy Products—
18% ;
*11%
*177".' 177%
...
1,000
7,100
35%
101
23%
1
13'%
24%
; 18%
13.%
13 Va
101%
23%
177%
101%
:
13%
1,500
18%
35
*34'%'
J;'
13
..
1,600
24%
*13
13'A1
18%
.
<
11%
24%
'
35%
35'%
'
*34%
13
24'%
18%
18 Va
12;
34%:
13
2434
24'%
18%
*11%
34%
34 TiV
.
18 %
18%
*107
11%
14%
1
Co
Acme
s% Nov
6 Tb
23'%
T
24
28
Nat Automotive Fibres Inc
'
24%
.
11 Vo
20 %
13
■
11%:
14%
&
Jan
10% Nov
1
6% conv preferred—
:
10
National Aviation Corp«
5
National Biscuit Co
-10
7 % preferred—
—100
Nat Bond & Share Corp
No par
National Can Corp
10
Nat Cash Register
;
No par
National Container
———1
20%
20%
*32%
64
National
2,600
700
•20%
'
2,200
10
11 Va
23%
23%
23%
177
19%
9%
Chatt
5
11% Apr
13Va Jan
190
14
*
11%
14
Louis—100
12,000
Nashville
37% July 20
19% Aug
1
& Mar 30
No par
5
St.
Co—
15%
31%
19
'
9Ta
9%
Nash-Kelvinator
15%
19'/a
*31%
19%
19
Corp
Nabco Liquidating
n
31
15%
32
33
*32%
•'
15%
32
*%.
.
70
-
25
5!b Jan-
.
,
9
11% July 12
Mar
18% July 11
131% Jan
22
Jan
_
96'% Jan
12
Jan
4
56
107'% July 13
27% Apr
4
16'% Apr 24
13
97
Jan
Jan
8
5
32
Nov.
'4
105% Oct 26-
2%
Jan
6
Jan
10'%
9%
Jan
1974 July
Jan
25%
Oct
747a
Jan
98%
Nov
*
Jan
57% Sep
16
37
7'/a May
Apr
68
Nov
6
110
Jan
22
33% Oct
6
26%
Jan
July 10
/17'% Nov 10
10'%
Jan
19
12
Dec
217a Mar
047a
Nov
-22
108 Vb Nov
1
106% Mar
Aug
114
37%
102
72
Apr
Oct
May
■
\
RECORP
NEW YORK STOCK
Nov. 4
Nov. 6
s
J per share
47%
*46
18
*27%
*
28%
89
88%
26%
*26%
*■15%
15%
15%
79
*78 %
78
*77%
*77%
27%
28%
27%
*27 %
27%
600
N Y
16%
40
16%
700
New
York
40
100
$5
162
20
80
160
41
42
162
"159
162
79
79
79
*78%
78%
*40
*77%
78%
19
18%
39%
213 %
210%
55%
54%'
55%
55%
55%
54%
54%
54V4
11%
11
11
*105
' 107
10%
11
11
'105
107
18
16
15%
16
113
112%
113
'112%
107
*105
15%
Vi
620
18%
18%
*55%
55%
11%
11%
11%
105
15%
113
113
11%
16%
112%
100
27%
27%
27%
27%
27%
47
47%
48
48
47%
47%
*47
6%
6%
6
*6
6%
50%
*(>%
6%
'49%
50%
'12%
13
6
6%
50%
49 Vis
49 %
*50
50%
13
*12%
6 %
12%
12%
*12%,
50
50
13
42% Jun
1,
Jan
19
Preferred
700
129
—BO
May
6%
Jan
13
16%
Jan
32%; Dec
198% Jun- 15
63 Va
Jan
28%
Jan-
12%
Nov
23
Jan
132
;
Dec
.
Dec
'
54
Dec
Jan
3
80
Nov
10
Oct
4
79% Nov
10
-1
14 % Jan
3
19% Mar 11
_5
33% Jan
4
47% Sep- 26
183 % Jan
3
100
116% Jun
29
—10
15% Jan
10
19% Aug 21
9%
Jan
18% July
52
Jan
26
56
Oct
20
49Va
Jan
56%
51% Jan
27
54% Sep
27
48%
7% Jun
9
J
—
pfd—
50
-50
Aviation
"—50
Co*.
100
No
26% May
38
July
213 % Nov
2
162%
Jan
192
Va July
Feb
2
113
Jan
122
Nov
122
11% Oct. 23
105% Oct
4
Jun
Jun
56
:
14% Apr
101
Dec
91%
Jan
7%
20
18% July
Jan
Nov
8
Jan
18% May
Jan
116% July
6
3
Jan
31
115% Apr
24
17%'Jan 15
x28 Va Aug
17
15%
Jan
23 Va July
Nov
8
36
Jan
July
5
x3%
Jan
41% Aug
6
July
31
112
No par
Pow $5 pfd.
Jan.
•
xl3% Jan
1O0
-—
par
—50
37% Feb
1
48
.No par
Norwalk Tire & Rubber
60
■12%
12%
3
22
4 % Jan
3
7
40'A Jan
12
53
Oct
16
Jan
27
104% Nov
107
16
8
10
Telegraph—.
Northwestern
26
18 % July
30% Jan
52
Airlines
Northwest
1,200
%
27%
Jan
3
preferred series—.,
preferred series-
Northern States
2,000
26;%
47
14%
3
100
Northern Pacific Ry-
380
27%
48%
112%
27%
%
'46%
28% Mar 14
Jan ■
May
75
...
Northern Central Ry
100
13,600
74% July
27
Ry
non-cum
North American
21,900
16%
97% July 19
Jan
11% Jan
5% %
200
/
107
*105
•"
16%
Adjust 4%
26% July
31%
62
dep—__
Western
&
20
Jan
.100
Shipbldg Corp part stk
Industries-
6%
900
54%
RR Oo_
of
44% May
Jan
11
24»/8 Jan
-
North American Co—
22,700
56
Y
Jan
10%
32 Va July 20
par
Y Lack & West .Ry Go—
Norfolk
70
120%
18%
54 %
54 %
105
113
113
213
*119
120%
55%
16%
211%
N
27%
21% July 20
4
No par
Noblitt-Sparks
200
22
3
19% Jan
No par
No
.
preferred——.
non-cum
Certificates
15,600
40
Dock
N Y & Harlem
N
400
18%
17%
211%
*54
79%
79%
*38%
40
319%
18%
18%
*53%
55%
55%
121
79%
17%
*39%
210%
18%
18%
18%.
*160
78%
X17
211
*120%
121
*120%
'
'53%
78%
18%
39%
,
3.500
92
91
50 Va Aug
15% Jan -
—100
City Omnibus Corp
15%
Highest
$ per share
35% Apr 25
par
—100
preferred series A
91%
15%
39 %
18%
18%
6%
90%
18%
121
*120%
,No
Central
26%
78%
212
York
New
N Y Chic & St. Louis Co
1,100
15%
39%
213
.
.No par
New York Air Brake
52,800
19%
27
39%
212
,
91
18%
18%
*39
27
27%
28
*39
,
162
*160
182
'78
46%
19%'
47
19%
*160
41
362
600
47%
19
per. share
t pcr share
.1 per share
Par
15%
26%
16%
*39
Shares
47%
Year 1943
Lowest
Highest
Lowest
89
89 %
41
I per share
sham
per
19
28%
*27%
Range for Previous
Range since January 1
STOCK
EXCHANGE
27
88 %
*26%
*39%
$
NEW YORK
the Week
46%
18
18%
Nov. 10
Nov. 9
snare
46%
47
18%
28%
28%
S per
per share
j
snare
per
'46%
.
18%
%
Nov. 7
Sales for
Friday
Thursday
Wednesday
Nov. 8
T"esday
Monday
STOCKS
HIGH SALE PRICES
AND
LOW
Saturday
Monday, November 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2088
50
—
12% May
2.50
Norwich Pharmacal Co
Jan
45
AOT
8%
Jan
14%
Oct
11%
Jau
21
3%
Jan
O
104%
—
104%
17%
16,900
'
16%
16%
25
25
25
—
25
24%
'
ci/iio
Oil
10%
107%
4,300
1
200
12%
4 Va
820
10 %
107
107 %
107
—
103%
23%
:
200
10
105
22%
105
12%
12%
*12%
23
22%
.
.
103Vz
,
12%
*12%
—,
10 %
103%
10
10%
103 Va
—
'•
—
23
*154
*154
—
.
-
'
—
%
8%
conv
preferred
6%
44%
*41 %
44 Va
75
*74
78
*74
.77
100
Outlet
'
*73
75
75
*58 %
58%
58%
59
58%
58%
58%
58%
58
58
1,400
Owens-Illinois
'14
14 %
14
14 Va
14
14
13%
14
13%
13%
1,600
'10%
11%
11%
11J%
11%
11%
11%
11%
11%
11%
510
*41%
44
*21
21 %
20%
16 Va
*15%
Glass
p
*15
211%
■
33%
34
46
46
46
46 Va
'
45 Va
45%
45%
45%
1,500
40%
40%
41
3,800
Pacific
..
16%
;i5%
34
34
,
3,300
;
41%
40 Va
40%
40
*120%
121%
*120%
121 Yz
121%
121%
*120%
121
120%
120%
60
158%
158%
158V2
158V2
158%
158%
*158
156%
158
158%
250
6%
6%
6%
6Ta
G%
6%
6
6%
3.900
16%
100
5%
21.700
32%
11.000
*
41
41
39%
31%
5%
5%
5%
5%
5%
31%
31%
31%
31%
31%
14%
14%
14
14 Va
48%
48%
48
48'%
25%
30
14
14
48 Va
47%
47%
*110%
111%
111%
4%
4
58%
58
26
25%
25 %
25%
30%
*29%
30 Va
30 %
30%
»'
.26
1%
1%
1%
1%
30%
30 %
30%
30%
30%
30%
30%
30%
22%
22 %
*21%
22%
*21%
22%
22
22%
200
*22%
1%
1%
7%
7%
7%
7V4
17%
17%
17%
17%
*57%
106%
*106%
107
19%
19%
19%
19%
.14 %
14%
14%
19%
14%
4%
*14
4 %
*14
58
58
58
107
19%
4
*56
*56
18%
V 57V2
*17%
57 Va
*17%
.4 Va
5' 18 %.
-l
*111
*111
30%
30%
31
68%
*14
14%,
14
14
63
63%
62%
63%
*14
14%
14%
14 "a
*76
77
77
82
*46
27
.7%
9%
.
23 Va
50
27
*7%
;
9%
~7%
7%
9%
9%
23
23%
23
23%
55
55%
55%
7%
*
9'%
55
55%
55 Vt
56
56
56 Va
104
1C4%
103%
104
104
25%
*115
92 %
26 V4
26%
26%
*26%
26%
119 Va
*116%
119%
*116%
119%
26%
26
*117
119%
33%
20 Ve
20
20
20
33 Va
33%
33
33%
2,600
92V4
91%
91%
91%
91%
1,400
*106'A
107%
10
110%
*13 Va
16
*13%
111
110%
*13 Va
16
*13Va
*106%
110
111
*110% 112
110%
110%
16
*106%
*106%
107%
*106
107%
*106
.
*169
„
:
105%
9%
.
—
—
'■
14%
188 V,
188 VA
5%
5%
5%
7%
7%
7%
8
189
95
*86
*7 Va
47
63 %
63%
18
18
*17%
18%
*173 %
__
■-
—
V
48
63%
637
*17%.
*173%
—
*173 Va
12%
12%
*12
12%
*12
76%
76%
*76%
80
*76
*16%
16%
16%
16%
16%
*22
22%
*22%
18%
22 Va
*22%
*15%
16r'
*49
50%
15%
15%
900
'
Pitts
10
80
17
'
15%
22
22 Va
10O
11
11%
1,900
15%
15%
16%
12,400
15%
15%
49
49
57'A
118%
56%
*117
57
118%
16%
57
*117
'
102%
102 Va
105
104%
105
112%
112%
112%
120 Vt
120%
120%
2091.
—
2,200
30
103%
390
$5
106%
490
200
121
400
120%
9
preferred
preferred
1% preferred
8% preferred
Jan
,72%
Dec
Jan
2%
27%
Jan
Apr
May
16
Jan
:
Jan
6
Nov
29
Deo
60% Mar
80
13
Jan
1%
Jan
33%
Jan
13% 3an
18% Aug 18
Sep
20% July
Jan
14
% May
May
100%
Nov
3'A
9%
Oct
3% Mar
45
.
Jun
17% Mar
Jan
10
108%
Jun
10
23%
Jan
32%
Nov
8
247a
69Va Oct
20
17% Feb
46% Jan
112
17
21% Jan
15
26
113
Dec
6
16% Oct
5
1%
Feb
Apr
Sep
61% July
7% Sep
Apr
24
67 % Oct
6
28%
Jan
59% July
10% Jan
3
17% July 20
5 Va
Jan
16% May
54% Jan
4
88% July 19
34%
Feb
58% May
33% Jan
5
59 Va
July 19
19
Jan
41% May
28 Va
July
23
Feb
26% May
6
%, Jan
10% July
Jan
55
5% Jan
46
4
•
23% Mar
105 % Oct
7
Sep
6
5
6
105% Oct
6
15
9% Jan
12
10
5%
July 14
7% Jan
3
40% Apr
20
62% Sep
20% Feb
14
24% July
49% Jun
3
58
Oct
88 % Jan
5
106
Jan
8%
Jun
25
5
20
20
37
Nov
Jan
29% Mar
*51%
Sep
91%
Sep
22
Dec
Oct
7
68%
Jan
May 16
21% Jan
3
18 V4
Aug
23% May 13
26% Oct
21
24%
Oct
25% Sep
13%
Jan
71
Feb
19
117
Apr
119% Oct 21
26
24% Jan
July 10
37
3
82
Feb
25
Mar
28
110
April
Oct
96
106
115
108
20
Jun
7%
Feb
14
July
79%
Jan
100
July
Nov
50
Anr
July 15
3%
Jan
10%
July 11
106% Nov 10
18 Va
Jan
26
May
Jan
102"
Jan
Apr
4
105'A Oct
Jun
117%
Jan
July
42%
113% July 13
48Va July
14 %
28
23% Feb 23
,
Jun
109%
16 % July 14
19
15
9
90%
113
8
14
Jan
11% Feb
26%
104%i Nov
July 12
Aug 15
42% Sep
x98
24
102
Dec
'
3%
Jan
27
61
Jan
13
75
7 Va Apr
68%. Feb
18
10
July
25
85
Oct 24
11%'
16% Nov
Feb
15% May
NOV
168'A Nov
Jan
182
69
May
25
25
11% May 17
35% Jan
10
52% May 19
116
Mar 25
13% Jan
Aug
3
4
Jan
5
4%
Jan
10% May
Jan
10
59%
Jan.
60
61% Jan
10
24
Jan
52% May
56
Dec
99
66% July
5
22% Aug 12
(
14%'Aug
26
16*-
.
6% July
14
8% Jan
Jun
.9% July
14
' Sep
Mar
77%
9%
3
4% Jan
3
6% Apr 25
57% May .3
6''
11% ;Jan
9
Jan
170
Mar
Aug 22
45
Jan
168 Va
171
190
.Sep
Dec
5
4
4
25
82
7%' May
68%
10
Jan
Apr
Jan
59
5
164'/a Jan
183
Feb
34%
7% Jun 29
Feb 21
5
11% Apr
-100
100
19% May
1%
7
62 % Aug
32
16%
14
25% Mar
15-
Wo par
—100
-
51%
20
Oct
31% Nov
5
.
July
17% July 14
5
Aug 14
Mar 17
1
8%
112
111%
120%
10
8% Apr
-No par
& Gamble,.
30
1%
20% Oct
3
19% Jail
pfd (ser of Feb 1 '29)——100
Pub Serv Corp of N J
Wo par
Dec
July
Jan
17%
110
7
14"'
50
July
4
106
5
8% July 12
15
3
—5
Co Inc
4
45 \
Jan
31% Aug 18
23% Jun 17
18
16
Oct
27
2% Jun
Mar 27
2% Jan
11%
113% July
Jan
37% July
16% Sep
5%
102%
111%
111%
Procter
105%
103
3.061/4
120%
Pressed Steel Car
20.500
105'4
111%
Jan
35 %
100 ;
16
110% Mar 17
-
102%
120%
2
4% July 13
July 5
61
15%
Wo par
2d preferred—
V,
16
Jan"
21
Wo par
Plymouth Oil Co
Pond Creek Pocahontas
Poor to Co class B
1st preferred
106 Va
120%
—
conv
102%
111%
112%
120
Preferred
V4
15 Va
105%
19
114 % July 13
29% Jun
37% Feb
.
,1
100
(The)
conv
102%
102%
104%
Co.
5%
16 Va
16
Young & Ash pfd
5%
%
16
Jan
27
9% Jan
pfd—-100
--100
—,100
100
118%
57
Jan
Jan
7%
27
Wo par
preferred class B—.—100
preferred class A
100
1st ser conv pr
5
Apr
43% July
2%
23%
17
13% Apr
Oct
.
6% May
17% July
106% Oct
93% Feb
160
Jan
10
Sep
"■
Jan
Jan
1 %
,'119% .Sep
Deo
23% Jan
Chemical Co—Wo par
400
104%
102 Va
a
118%
16%
page
1,400
221/2
16
16%
&
Pittston
„
49%
16%
preferred—
Coke
800
Va
:
V
6
Jan
9
19% July 17
3
28% May
,
3%
35% July 10
Jan
Jan
.
91%
18
50% Oct
,Mar*
147
5
25
8
$5 conv
Pittsburgh & West Va
*15Va
16%
Pitts
800
*48
56 7
8%
18%'
12%
Sep
7% July 25
26
100
-100
Pittsburgh Coal of Pa—
18 %
17
12
163
Louis RR_—100
18%
16
57 3a
C & St
18%
50
118%
C
5%%
.
25
No par
Inc—
preferred ;
5%
17
19
27
103
No par
—100
—Wo par
—5
;.
190
*22%
6
10
17% July 10
6 Va
Aug
8
2% Jan
—
580
*15%
57
%
65
*76%
Dec
45% July
121% Jan
29
45% Sep
Pittsburgh Steel Co
95
*48
*117
4%
48
80
31%
Jan
3
45
—100
series-—100'.
65
Va
Jan
Jan
33
41 % Nov
11
109% Jan
series
preferred
Pillsbury Mills
1%
16
57%
4%%
1,000
3,200
20
8
12
16%
23%
6
8% Feb
par
1,000
16%
5Va
*173%
3
16
.3% Jan
.
Apr
July
25% May
Jun
28% Apr
preferred—Wo par
Pittsburgh Forgings Co
—
1
Pitts Ft Wayne & Chic Ry——100
1% preferred.—„—*
-100
Pitts Screw & Bolt-,
No par
—-
49
118%
see
9%
11
15%
57
For :footnotes
800
7%
12 V4
Jan
12% Feb
preference
Phillips Petroleum
Pncenix Hosiery
$4
July
16% Oct
34
10
com——Wo par
47%
11
*117
Co.
64
17
17
22%
11
49
.
Sep
46 % Nov
3
3
of America
48
*76%
80
11
*15%
Corp
95
12'A
Jan
4% Jan
2nd preferred,
64
*173%
—
15 V4
15%
900
—
*86
7 %
Pitts
6%
5%
8
14%
"
*188
'
10%
11
11
a
12%
%
*7%
15%
25
19
3
10
_Wo par
._
47
95
48
47%
64
.
400
'
87
*85
~5%
700
,
105%
135
23% Feb
Sep
117% Apr"27
preferred_i
*86
*86
95
*86
46 Va
*63
46 Va
8%
13
9%
*169
'
5%
5%
5,500
72%
72
15,Va
*188'A
193
57
/
55
Jan
Wo par
-No par
pref ser A—.
Glass Sand Corp,
Phillips Jones Corp,,
43%
6Va
87
15%
*169
*188'A
„.
"
9%
*85
15'A
*169
—
—
'
72
9%
87
*84
•
15
15
Wo
Cement
Preferred
20O
10
25%
■
105%
*105
6
72
71%
*9%
135
6
6%
*6
■
71%
87
*84
—
187 %
*25
25%
105 V4
*105
9%
9%
5%
*
135
72 V,
72
9%
85
*84
*
105'/a
*105
6%
6%
6%
*14%
*169
25V,
25
*105 %
—
135
*105
72%
9%
24%
—
-
105 'A
105 V 4
*12%
13
*12%
13
'
135
*71
25
25
25
105 Va
43'A
43 Va
43%
*12%
13
*12%
13
43
43 %
43 Va
43%
43 Va
13%
Jan
20% Feb
Preferred
16
110
110
13% July
Jan
23%
142
26
—
33%
91%
107 %. 1071%
Jan
6 Va
4
149
com———Wo par
4.4%
preferred
,— 100
Phiico
Corp
—3
Philip Morris & Co Ltd—
10
119%
33
'
6%
*1.16'A
7%
28
58% Jun
$1
1,300
91%
106 %
*24%
,
92 Va
16
105 %
25%
25 Va
19
13
Apr
48% Jan
10
Phila Electric
8,900
33 %
112
*105
20 Va
92
*13%
*
260
33%
*110%
*12%
570
33%
*106% 1071%
43
12,400
56 Va
104 %
23%
•
20
19%
20
23%
56
104%
20
400
20
55%
104 %
55 %
*104
14% Sep
3
25% Jan
—100
—5
Pfeiffer Brewing Co——-No par
Pfizer (Chas) & Co Inc—
,—1
Phelps-Dodge
Corp,—
—,25
Philadelphia Co 6% preferred-—.50
$6 preferred
Wo par
300
9%'
56
3
26
Petroleum
3,100
104
23%
23 Va
23%
Va
*55%
55
64
4% Jan
15% Apr
4%'A
*9V«
9%
9 Va
Jan
51% Apr
Pet Milk Co
1,000
*106
55
55
54%
7
100
2,000
7%
19
28
27%
7%
Jun
18% Feb
800
~7%
7%
64
15% May
Mines—1
Co„
&
49%
*106
*106
29
26% Apr
Davis
81
*26
Apr
67% Oct
39% Jan
1
27
27
*9Va
"7%
56
56
*
*48
Jan
30
—100
48 Va
14%
65%
15%
12.200
14%
48
400
65 Va
38
46
8% Jan
par
81
300
200
14%
65%
*79
*25
i.—Wo
48
26%
68%
14%
Jan
11
10% Jan
par
81%
*25 %
*68%
15
14%
80%
—
$7 conv
29.000
26 %
28%
Oct
Sep
2.50
Penn
68 Va
63%
14%
Inc
Consolidated
Utah
Penn-Dixie
200
31%
Aug 25
75
157
—No par
5%
31%
154
43
8
55% Feb
—100
Pennsylvania RR—
——50
Peoples Drug Stores Inc—
—5
Peoples G L & Coke (Chic)——100
Peoria & Eastern Ry Co———100
Pepsi-Cola Co
—1
Pere Marquette Ry Co———-100
5% prior preferred
—-100
5% preferred
-100
31%
31%
68%
63%
200
1.100
57%
18%
Jan
26
64
Airways Corp.——5
& Transp
:——5
Cos
Dec
Jan
May 10
31% Apr
Transportation
Wo par
Enterprises——10
Wo par
Pennev (J C) Co..
——No par
Penn-Central Airlines Corp.
1
Penn Coal & Coke Corp—.
—10
*111
"14%
80%
a
*17%
18 Va
*25%
15
*14%
*106
*106
26
63%
27
*25
.
68%
*14
48 7
48
47%
*25
31%
•
*68'%
68 Va
57%
57
57
*17%
*111
25
25
*68 %
*68%
18%
30%
25
25
*24%
*,
57 %
*17%
Apr
105
Jan
69
105% Jan
Patino Mines &
5.400
>13%
4
V
4
4
Jun
Parmelee
1.000
r
21%
8
Penick & Ford
600
13%
14
.
58%
Paraffine
Parke
1.200
20%
Jan
Petrol
Parker Rust Proof Co
2.600
19%
20
*13%
7%
17%
■
108
108
107%
19%
4
58'A
58
58
*56%
,31 Va
.
'
—
7%
17%
107
*111
,
7%
17%
4%
4
Va
7%
17%
.
17%
58
106%
58
107
;
7%
7%
17%
1%
1%
1%
15%
147
Panhandle East Pipe Line—,_Wo par
5.60% preferred _—100
Panhandle Prod. & Ref.
1
Park
2.400
,22%
19
24% Aug 28
Park & Tilford Inc ex-privilege—1
3.800
30%
Jun
18
—100
—100
Telep & Teleg—
preferred—
—
4% conv preferred
Paramount Pictures Inc
3.200
1%
...
<
13.500
30%
,
.1
10
32
No
;
Pan American
400
25 Va
30Va
31%
6%
Mills_
"Pan-Anmr
*106%
*106%
10%
1
Pacific Western Oil Corp
.—10
Packard Motor Car
—__Wo par
2,400
4
59 Va
*58
Jan
Pacific Tin Consol'd Corp
1,500
111%
4
4
58 7/o
Pacific
A
900
14%
47%
*106 Va
25%
25%
29%
5% '
31%
*13%
111%
*4
58%
58
*106%
100%
14
48%
*110%
4 Va
4Va
58
58
"14
48
111%
110%
4
4
*56%
*
*
111
'109%
■
Va
*15%
15%
15%
5%
31%
5%:
5%
6%
16
*15%
16
*15%
16
15 %
31%
6%
3%
17% Jan
45%.
45%
21%
21%
z
l
1st
16 Va
21%
14% July
39
33%
21%
18
0
10
*15 Va
.
.
Dec
8% Jan
2nd
330
10 Va
18
'
" 33%
16 Va
34
33%
34
16
11% July 19
10
Va Juiy
8% Apr
99% Aug
12.50
Co
Co
Coast
PaciflG
40
44
*42%
43
42%
21%
21%
*15%
16 Va
33%
108 % Oct
preferred non-cum
No par
preferred non-cum_—Wo par
Pacific Finance Corp (Cal)
10
Pacific Gas & Electric——25
Pacific Lighting Corp
No par
44
*41
44
%
40
5
23
5
Pacific Amer Fisheries Inc
*
28% Oct
-No par
Co
75
*73
20 Va Mar 22
106% Oct
—100
—10
;——No pair
—100
Marine & Mfg—
Outboard
*41%
14
27
6
(The)—
preferred A
Oppenheim Collins
*
Otis Elevator—
2,000.
23 Va
23
*154
'
44 Va
*41%
10
15% Sep
24% Oct
—/vo put
————Wo par
convertible preferred,—100
Omnibus Corp
.;
'
'
—
44 Va
%
*41
104% Nov
pfd—100
4.40%
Co
OO—
Oliver Corp.
1,300
24%
24%
25
25
107%
107%
—
.
12%
*154
—'
44 Va
*41'A
17'A
'
23 Va
23%
23 Va
*154
—
10'A
103%
12%
12%
■
•
107%
103%
103 Va
*12%
25
10
9%
9%
16%
16% :
'
107%
107%
107%
*103
16%
17 Va
16%
Edison
Ohio
300
17Va
'
.
;
—
■
—
.
'
■
■
■
80
f
3
Aug 23
19% July 11
,
7%
Jan
150%
Jan
;i%
6%
75
Jun
July
Mar
16% Mar
168
Nov
Jan
10%
Dec
20
Jan
741'4
Dec
14%
Jan
21% July
-May 29
18
Jan
23%
Apr
11% July 8
16 Va Oct 19
4
Jan
13
Jun
6%
Jan
13% May
15% Sep
26
6%
Jan
13
Jun
50% Oct
•
18
24%
Jan
40%
Jun
July 19
Oct 10
48 Va
Jan
58
114 3A
Apr
123
11%
Jan
17%
Apr
75%
Jan
96%
Oct
25
59
121
18% July 10
Sep
Feb
87% Jan
3
3
Jan
3
109% pet
19
85%
Jan
107% July
104% Jan
4
113% Nov
3
96%
Jan,
114% July
113% Jan
3
121
Nov
10
108%
Nov
129% July
96
103% Oct
19
Jl
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
Volume 160
2089
NEW YORK STOCK RECORD
$ per share
16%
113
*111%
.
113
46%
47%
16%
113%
*113%
*104%
105%
16%.
Shares
$ per share
Par
•
w
37% Jan
14% Sep
3
13
109% Jan
12
Jan
15
19% Jan
14
113% Aug 25
107% Aug 14
24% Oct 26
12% Jan
21
16% Aug 21
No par
8% Apr
13
$3.50 conv 1st preferred—No par
69% Jan
5
17%
19,800
Pure oil
,
(The;
—NO par
2,400
100
preferred..—-——103
Purity Bakeries Corp
—No par
15%
500
Quaker State OH Ref Corp—1$
17,400
113%
100
400
24%
24%
24%
24%
24%
24%
243%
24%.
15%'
15%
*15%
15%
15%
15%
*15%
15%
15%
10 "4
10%
10%
10%
10%
10%
10%
10%
10%
10%
79%
78%
79
8%
.
6%
preferred
5%
conv
—
Q
<
103
119% Feb
Highest^
I per share
No par
Pullman Inc
105%
$ per share
.
2
11,700
105%
Lowest
113% Nov
48%
'113
Year 1943
Highest
pfd $5—-No par
Pub Ser EI & Gas
190
24%.
24%
;
Lowest
;
•"
' 114%
16%
113%
106%
16%
EXCHANGE
the Week
per share
47%
16%
*112%
*104%
.
104%
1047a
S
114
114%
46%
46 %"
16%
16%
16%
113
114%
„
Range for Previous
Range since January 1
STOCK
YORK
NEW
Sales for
.'
*
■
Nov. 10
S per share
share
per
114% .114%
46%
46%
•10474'106
$
share
114%
114
46%
45%
f per
$ per share
*'2 1141a
114
Friday
-
Nov. 9
Nov. 8
Nov. 7
Nov. 6
Nov. 4
Thursday
Tuesday
Monday '
.
STOCKS
HIGH SALE PRICES
Wednesday
LOW AND
Saturday
I per
shtijd*
15
113%
Nov
52% July 10
26%
Jan
11
Jan
Aug
40% July
19% July
104% Feb
114 % July
18
Mar 22
122
92%
Jan
13%
Jan
22%
10%
Jan
15
107% July
Nov
<
July
R
,7
*79%
79
79%
8'4
8%
8%
:
78%
78%
78%
78%
8%
8%
8%
8%
8%
90%
90
90
32
32
15%
*34 %
91
90
90%
89%
31%
31%
32
32
32
15%
16
15%
15%,
34%
34%
34Vi
90%
"31%
"15%
16
34%
*34
34%
16%
16%
38%
39%
*38%
32%
33
32%
"U %
12
"132%
135
Va"
*132%
66%
18%
*17%
23
*21
15%
16
16%
2.400
34%
34%
34%
600
16%
17%
16%
38 %
38%
*38%
39
300
33
*32%
33
200
18
*21
23
11%
*130
132
83%
*
74
18
18
'131
132%
...
23
23
*21 y4
23
*21%
21%
22
21%
99%
99%
*99%
99%
99%
*99%
98%
100%
99
/ 100%
*98%
*99%
•99%
98%
-99%
99
100
100
18%
22
*97%
5,560
76
*17%
21%
21%
10
18%
*21%
21%
900
135
75
81
*17%
,900
11%
11%
11%
11%
17
21%
,21%
500
33
.132
73%
73%
65
66%
33
*32
680
33
11%
135
*17%
91
90 %
39
11%
11%
16%
16%
10,200
*32%
39
*32%
8%
*38%
17%
"16%
800
•
Radio
2,700
300
100
830
99%
■ •
-
Raybestos Manhattan
Rayonler Inc
$2 preferred
Reliable Stores
Corp—
33% July 10
21
Jan
29%
jun
3
18
11% Jan
15%
Jun
Feb
3
26%
Jan
32
Aug
July 10
34% Nov
8
20% Mar 21
3
32% Jan
13
27% Jan
7
10%
Jun
101%
Dec
14%
Jan
22% May
39% Nov
4
20%
Jan
35
Nov
Nov
9
22% Jan
30
Jun
5% Jan
12% Oct
18
3%
Jan
Jan
135% Oct
18
66%
Jan
80
50% Jan
83 % Nov
8
20
Jan
86% July
11% Feb
18
Nov
3
6
Jan
13%
Feb
23
14%
Jan
20
12
Jan
19%
90
33
18
70% Jan
6%
Dec
Nov
Sep
May
6
11
-99% Nov
9
69%
Jan
93
Oct
100% Nov
6
42%
Jan
74%
Dec
16
Aug 17
21% July 5
5
103% Oct
95%
Jan
101%
101% Nov
3
73%
Jan
88%
Oct
12% July H
7
Oct
22% Oct
14% Apr 19
x83% Mar 9
Saratoga RR—100
&
3
15% Jan
25
Preferred with warrants—.
Rensselaer
71% Dct
3% Jan
64% Jan
'
1
Remington-Rand
12% May
Jan
27
28
—100
No par
10
1st pfd
& Co
Jan
59
12% Feb
—100
(Robt)
4%
1
10% July 10
107% Jan 17
28% Jan
Reading Company—,:
4% non-cum 1st preferred,.
50
4% non-cum 2nd preferred—50
Real Silk Hosiery
,u,
5
Rels
July 12
85% Jan
1
—25
,60
Preferred
12
79% Nov
7% Apr 24
1
„——100
No par
Radlo-Keith-Orp" "um
6% conv preferred,
Reliance Mfg Co—
21%
:
■
-
Corp of Amer—
5%
Jan
9%
Apr
Jun
'
13
13
13%
13%
14
18%
18%
19
18%
104%
*102%
103%
103 %
14%
15
4,500
Reo
■.18%
18%
18%
9,900
104%
103'%
40
*100%
101%
101%
101%
11%
11%
11%
11%
11%
102%
102%
30
84%
84%
84 %
260
15%
15%
15%
900
>100%
11%
10%
*100
101%
84
84%
84%
84%
84%
15%
15%
15%
15%
15%
15%
11%
101
101
*84%
*13%
'
96
102
13%
13%
13%
31%
31%
32%
32
*38%
39%
39%
39%
17%
17%
9%
9%
9%
*15
13%
13%
32%
33
39%
39%
*39%
32%
"7%
18%
17%
17%
*49
50
50
50
34%
52%
*51%
112%
113
34%
108%
*107%
108 Va
*
*108
44
44
114
21%
21%
34%
1,500
St
52
2.400
51%
52
*112%
114%
130
114%
8Va
8%
7.500
34%
35%
35'A
35%
25.700
*107%
108%
*107%
*44 V4
45%
fc VA
8
34%
108
44
>
34%
35
51%
•
*44
*108
,21%
Va
200
451/2
10
*113
*113
109
108
*108
109
21%
22 Va
-22%
6'%
6%
6%
6%
99%
100%
x98%'
99%
X20%
15 %
15 Va
78
78
76%
77
12%
13
*12%
12%
*74%
77
*74%
20%
77
20%
15 Va
*15 V4
*75
2.300
Seagrave Corp
3.200
Sears Roebuck & Co—
Servel Inc
14%
14%
52%
52%
*50%
52%
*50 Va
23%
23%
23%
23%
23%
3%
3%
3%
4
3%
32%
31%
32
29%
29%
29%
29%
13%
38%
1.500
12%
•'
76.
14%
14%
230
76
12%
15
52 VA
*50 Va
23%
23%
1.200
237/a
1.000
Simonds Saw & Steel
18.700
Sinclair Oil
2.600
1.000
Sloss-Sheffield
*22%
23%
*22%
23%
41%
42
42
29
28
28%
12%
12 3 4
42%
42%
*28%
*23
12%
12%
13
12%
4%
4%
40%
40%
40%
40%
40 Va
39
38%
39
38%
39
291/4
1,400
:•
13 Va
13%
49.500
4%
4 1/4
41/2
3.400
40%
40%
1.300
Southeastern
40%,
42
4.100
South
•
26 VA
*155 Va
26V4
26%
16%
16 Va
16 Va
15%
16
15%
16
16
31(4
30%
31%
30%
31%
3.1%
32%
31%
32 Va
26%
27%
27%
27
27%
57%
57%
57%
57%
57%
80 Va
80%
80 Va
Southern Natural
28.500
80
%
27%
27%
27 Va
27%
10.300
53
i 58
81
Southern
1.000
16
31
58V4
58 VA
58%
2,000
79%
80
79%
79%
440
1
b%
&
13
51% Apr
11
43
Jan
50% Aug
35 Va July 12
.
0%
6%
6%
*7%
8%
6%
6%
6%*
6%
6%
7
2.600
'
-
■*71
8%
8%
80
8
*8%
:
..
Va
80
*71
■
80
*71
8%
*71
8%
8%
*71
80
*30%
30%
30%
31
31
31
29%
29%
29 Va
29%
28%
29%
48
48
47%
47%
46
46
*46
47
*46
*59%
60 %
60
60
*60
60%
*60
'
'
60%
*59%
11%
10%
74%
74 Va
74%
35%
35%
35
35%
11
'113
114
'
'
-
-113
-T-
;
>ioii
29
3%
.
3
3%
'
'
10
10%
11
11
lli/a
9.300
74%
74%
76
1.190
35%
*35
*35%
35%
114
*113
1.14
*57
62
*58
61
*113
114
*113
114
114
109%
29
29%
*113
;;
3%
114%
3
3
4u
;
800
35%
*113
62
uU
,
.
113
.113
601/2
74
*109
29%
115
'113
400
11
*113
"
—
109%
29
:■
114
■
28.%
6,500
48
*57
■
.
'.
*109
109%
900
31Va
29%
*112
58%
114
*113
114
.
Va*
74%
35
'•
'
'
*55%
,
31
29%
10%
•
'•W-*
".
113
*112
58%
*35%
30%
29%
74
11
74
„•
30%
29%
400
8%
80
*109
,29 Va
*113
3
109%
109%
109%
29«A
29%
29%
*113
113%
2%
3
20
7.600
V
114
100
62
62
70%
69
70%
3.800
3
36%
36%
33%
36%
37
33%
33%
62%
64
63%
63%
3.700
$6
71
71%
72%
72
72%
8.800
$7
36%
36%
36%
33%
36%
36%
14.800
'
33%
55 %
55%
45%
i
a
33 %
33%
13,500
55%
55V4
55%
5151/4
55%
22,300
44
44%
45
46
461/4
47%
1,900
33 V
*
55%
45%
36%
33 y*
55%
•
—
*45 Va
55%
45
•
■
.
33
'
-
112%
112%
9%
•'9%
33%
65%
66%
66
66%
15%
15%
15%
15%
36%
Dec
43
6
109%
Nov
115
Feb
Jan
8
105
Dec
112
Mar
10%
10%
10%
10%
17%
16%
17
10%
10%
10%
*17
10%
:
63 %
.
—
*
im-*.
''
*
'
'
•
*126
——
5%
5%
"8%
8%
8%
—
1.100
10%
3.100
18
16.900
63
63
400
126
126
180
17%
5%
5%
5%
5%
6
8%
8%
8%
8%
9
1.7.00
31Va
27 Va
27%
28V2
3.500
Syivanla Elec
7.400
Symington
691/a
200
21Ve
21%
500
30
*30
30%
31
27 Va
*
*30
17
*16%
17
17
17
17
17
30%
31
30%
31
30%
31%
31
31%
31
31%
31
27%
28
27%
27%
31%
27%
7
7
For
footnotes
6%
see
6V.
page 2091.
30
200
30
*17
-18
'
K
;
27%
imL
"
,
—
6%
,
7
6%
Co,—
31 Va
69%
21%
23'A
7
6%
7
■
,L—20
,-No
par
29
Jun
2%
Jan
16%
Jan
29% Oct
May 16
Apr 24
Apr 19
Feb
8
Sep
7
.,
21
Jan
28
May
27% Nov
lOVa May
*13% July
15
July 19
7
22
22
Jan 28
29% Feb
5
23
Apr 12
12
Jan 27
3'A Jan
3
23% Jun
20
.44% Oct
Prod's Inc
Corp
28Va
5
Jan
19
Jan
15%
45%
2% Jan
16%
Aug 18
43
43% Sep
155
26% Oct
Jan
132
Jan
21 Va
18
Sep
39 % July
■
25 V*
Jun
15% July
5
29 Va
20% Jan
5
Aug 10
Apr
24% July
10% Jan
5% July 12
Jun
23% Nov
Jan
14% July 17
6
5
15% Nov
22 Va Aug
29% Aug 23
,
.<
17
.
.
58% Oct
1
4% Jan
3
5% Jan 26
55
.Feb 14
30%
Apr
Dec
Sep
149 % July
Jan
25
Apr
3
V
'
i.
Apr
■
7% Aug 18
2%
6%
Jan
6%
Jun
Sep
28
Sep
28
33
Jan
61
Nov
May 5
22% May 13
36 % Jan 26
32% Jun
28
21%
Jan
35
Dec
29% Nov
9
23%
48
5
32 V*
56% Jan 27
61% Oct 23
6
Jan
3
50% Feb 11
12 Va Aug
17
76
10
28
38% Mar 13
115
108
112
May 17
28% Feb
no
Jan
9
27
2% Jan
3
33% Feb 10
40V8Feb
8
34% Sep
31
Sep
50% Sep
40% Jan
110% Sep
6% Jan
28% Jan
62% Feb
14
4
11
13
18
29
11% Jan
3
14
7
9% Feb 10
15% Feb
1
7% Apr 19
13% Apr
Jun
Jan
5V8 Feb
19
15
5% Jan
15
3
17% Jan 27
69
Oct 23
19% Apr 25
29
Sep
14
Sep
Nov
33 % Jun
9
Jan 28
57
Sep 22
ill % Apr 19
110
27
Oct
18
64 Va Feb
2
115
Nov
35% Mar
Jan
44% July
66
May
3
Jan
60
8%
64
Sep
33
Jan
42
July
109
Jan
49
Jan
116% July
70
July
117
Aug
Jan
28
107
Nov
110
Dec
33% July 12
25
Sep
116
Sep
4% July
31%
Dec
1
100%
Jan
115% July
5
1%
Jan
6% Mar
9
Jan
38%
Dec
65% Aug 23
73 Va Aug 23
10%
Jan
44%
39 Va July 12
28%
Jan
40
34% Jan
15
28 Va
Jan
38% July
58% July 10
46 Va
Jan
60
47% Nov
37%
Jan
45% May
~6%
Nov
25
Jan
115
Jun
11% July
35% Oct
10
5
19
17% July
5
13% July 12
17% Mar 14
11% Oct
20% July
May
7%
Jan
14%
4%
Jan
14
July
Dec
xl7
Sep
14%
Jun
10% May
5
Jan
15Va Dec
48%
Jan
19
Oct
13
Sep
May
31% Mar
5%
Oct
25
~9%
66
68% July
6% Jan
64
10% July
Sep
3
128
7% July
Dec
May
28
67% May 18
122
Apr
63% Mar
130
Sep
Oct
5
4% 'Nov
6
5
3%
Jan
7Va Apr
26
12%
Jan
22
May
May
84 % Feb
2
58%
Feb
82
25% July
5
14%
Jan
33% Aug 22
26%
Jan
32% July
33
July
8% Jan
4
20% Sep
3
25
12%
4% Feb
31% Mar 20
22 Va
27% Jan
10
33% Jun
27
26% Apr
18
33 % Jan
5
22%
7% Mar 13
4Va
Jan
Feb
Jan
Jun
27% NOV
27% Nov
9
Sep
Jan
July 20
27% Jan
5% May
Sep
35%
112% Nov
12 Va
1
Sep
Apr
Jun
54
No par
14%
9
121
—
Jan
72
100
—10c
No par
25
100
10
19
80% Nov
23
Gould
2
18% Jan
-No par
1
Swift International Ltd
70Va
*21 Va
31 Va
Sunray Oil Corp
Sunshine Mining
cum)
5.075
*68%
21%
30
(4%%
311/4
70%
21%
—
(The)—
—:
Class A pfd
Swift & Co
*67%
——
Studebaker Corp
Sun Oil Co
1.200
Va
21%
30%
preferred,'
& Webster—1
5,700
24
69
21%
30%
—
31%
23%
69%
23
Corp——%i.— i__5
Stokley-Van Camp1 inc
• -J.
1
31 Va
2.300
23
23
4%%
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
Sutherland Paper Co—
Sweets Co of Amer (The)
70%
.
31%
23
8.200
21%
*16%
,_iL—25
17 Va
23%
'•30
.
Standard Oil of New Jersey——25
10%
21%
23'A
—No par
*16%
*67 %
*23
No par
10%
5%
8%
—
—1
—100
—No par
No par
17
8%
5%
par
10%
•
5%
No
16%
18 »A
Jan
66
10%
63%
Oct
17%
Jan
17
127
57
28% Apr 12
4% July
6
35% Sep 20
73 % May
10%
2%
16%
17%
Jan
49% May
2,100
*62%
31%
Jan
10%
*126
July 11
55
4
14
Jan
Jan
10%
18%
Jan
42%
10%
64
5%
8%
35'A
10%
126
64%. Jan
7
7
10%
126
25
15% Oct
4
Stewart-Warner
*62%
•73% July
16% May
Jan
1.800
17%.
.
126%
Jan
42% Jan
54
Standard Oil of Indiana—,—25
prior
64
40% Jan
Standard Oil of Ohiqi.
5%
17Va July
30 Va May
prior preferred———,No par
prior preferred—
No par
Stone
Jan
76% Oct
.
6
9
30 Va
3.000
-10%
Sep
5
78% July 19
14% Mar 13
2
3
Jan
10%
■
—*
18%
Jan
15%
400
Jan
10%
66%
6.000
10Va
15%
15%
9%
34%
Dec
5
15%
66
9%
34'A
90%
■<
17% Aug 21
15%
9%
33%
Jun
Jan
28% July 10
661/4
9%
33%
Jun
4'A
69%
33% July 12
15%
400
:
Jan
9
24% July
18% July
14
2
25
Oct
3
65%
■
113%
115
7% Sep
101
26%
3
15%
34
66 Va
15 %
—'
64
64
127%
A
'
18%
18
18'A
1.8%
63%
'126
,
9%
*33%
!'
115
16% Jan
25% May 19
Feb
Jan
66 Va
9%
'
\'
.
'
*112%
107% July
3
Nov
Apr 25
20
preferred—IOO
Standard Steel Spring,,__,T—_,1
Starrett Co (The) L S
—,-No par
Sterling Drug Inc—,,:—,10
114
*112
M-vU
9%
33%
9%
34
,*33 3 a
;
'
114
*112
■
/
Jan
Nov
13 Vs Jan
preferred
Standard Oil of Calif
Sep
12% Mar
6% Nov
23 Va Jan
No par
No par
Standard G & E Co $4 pref—No par
61%
■
:
114
7.50
—100
Squibb (E R) & Sons
$5 pref series A
$4.25 preferred
Standard Brands, Inc
$4.50 preferred
69%
62
70
47% July
Jan
45
22% Apr 24
tr ctfs_—100
Square D Co
5% conv preferred
61%
"
62
36% Mar
Jan
96
Dec
110
6
—No par
Spear & Co
—
—1
$5.5 J preferred——,—No par
Spencer Kellogg & Sons—No par
Sperry Corp (The)
1
Splcer Mfg Co
No par
$3 conv preferred A,
—Nc ps"
Spiegel Inc
2
$4.50
Nov
•
9% May
t
114
-
10
Sparks Withington
Conv
35
105%
5
xl08% Mar 23
•
/
6%
Sep
9 Va July
1
V 36% Jun 21
5
3
24%
23
10%
35
13%
27%
53% July 17
115
7
Jan
No par
stk
Jun
Jan
Jun
—No par
preferred
Ohio
18%
141
25
Gas Co
Railway
non-cum
Mobile
Jan
28% Jan
/ ." 28% Jan
—,100
Southern Pacific Co—
Southern
-
15
California Edison
2,200
26V4
.
Greyhound Lines—,5
—
11%
9Va Jan
48% Jan
—
preferred
19
20% Sep
Porto Rico Sugar——No par
8%
Feb
11% Sep 6
72
Jan 27
—15
20
—No par,
—10
Socony Vacuum Oil Co Inc
South Am Gold & Platinum—;
23
May
63% Jan
Typewriter-No par
Corona
&
41
*16
27%
Smith
40'A
26%
*80
Smith (A O) Corp
40 V2
26%
26%:
500
13V4
*155%
26%
26%
26%
29
Oct
5
13
Iron
&
preferred
39%
*
*155 Vs.
*155%
158
42'A
29
4%
41
38%
42%
$1.20
23%
42 Va
12%
%
4
4%
4%.
4%
*28%
'
*23
23%
Steel
28
Feb
16% Feb
———No par;"
Skelly Oil Co
14%
21%
Jan
2% Jan
No par
Corp
13%
38
14%
Dec
20%
84
No par
15
1,800
13%
Jan
19%
8
9
109
Feb 16
108
Jan
3
20% Sep
7
3
2.200
37%
5%
5
34% July
27'A May 12
43% Jan 27
110'A Jan 8
7
Jan 3
30
Sep
7
105
Jan
6
37 % Mar 16
No par
3%
13%
30
24% July
3
45
29%
14%
18
26
Jan
14% Jan
32%
38
Ocf.
5% Apr
3%
14%
3
Jun
17% Jan
32%
13 VA
11% July 8
17% Jun 17
29
Jan
25
29%
38
28%
12.
July
17% May
32%
14%
41%
Jan
Jan
Silver King Coalition
38
28%
7%
9
8 Ye Feb
13
29%
"
41%
*156'
—
Oil
23%,
*22%
14%
No par
(W A) Pen Co
14%
X37%
Sep
Sharpe & Dohme———
No par.
$3.50 conv pref ser A——No par
Shattuck (Frank G)
No par
14%
'
12%
No par
*14%
13%
38
14
$5 conv preferred—
14%
13%
38
*14%
11% July
19% Oct
32 Vt
3%
Jan
Jan
*29'A
3%
5%
Jun
13
Mines—
5
Simmons Co—__——
-No par
"
15 % July 10
Feb
70
39% July
1
Shell Union
93%
32 %
No par
2.900
15% July
Jan
Feb
Steel Corp,—.
Sharon
Sheaffer
521/4
23%
32 Va
13%
75
*74
76
*50%
29%
13%:
13%
38
400
12%
14%
3%
*29
•'
4.300
15%
75
*74
23 %!
32%
31%-
20%
12%
12%
•76%
$4.50 preferred
6%
15'A
Jan
34%
No par
No par
No par
Scott Paper Co
99%
20%
Nov
7%
80
25% Jan
—100
Savage Arms Corp
5
Schenley Distillers Corp. new,,3Va
5% % preferred
100
1.600
15%
59 %
9
-10
No par
22Va
20%
-
75
12%
*74%
*50%
.
76
•
14%
14%
14%
14 %
20%
15 Va
20%
15%
6%,
991/4
23
35% July 10
preferred—
$4 preferred
Seaboard Oil Co of Del
109
84% Oct
Feb
98
39% Nov
—_1
Joseph Lead
5%
Dec
May
No pat
Safeway Stores
34%
15% July 10
99% July 15
70
Jan
preferred——No par
conv
4
Jan
18
8% Jan
—
Rustless Iron & Steel Corp
$2.50
Jan
10
85% Apr
103% Oct
28
i
(The)
70
6%
20%
20%
*15
Co
2.200
100%
-
Ruberoid
18%
■
99%
Company
:
Dec
36
„No par
No par
Roan Antelope Copper Mines—.—
Royal Typewriter
1
Ritter
15
10% Apr
20% July
Jan
—1
:
Richfield Oil Corp
50%
6%
100
Co,.
17%
99%
6%
6%
Mfg
50%
*112%
21 Vz
22
*21%
Rheem
Jan
•
Jan
!
,10
;;
17%
34%
*108
109
900
33%
;
.
Common
3
63
No par
100
Reynolds Spring
1
Reynolds (R J) Tob class B—10
50%
*113
*108
32%
„
4%
14
3
84
100
100
Reynolds Metals Col
5 % % conv preferred,.
17%
'
109
33
8
107 %
44
*113
1,000
51%
34 Va
114
45 Va
*44
1,000
21%
preferred
5 % % preferred
•
Jan
87.
■
Brass——No parr
1%
<
6% Jan
A—I—100/
6% conv prior pfd ser
50%
7%
8
7%
34 Va
100
7%
21%
*32%
'
7%
15%
•7%
114%
51%
114
34%
7%
34
*107%
-
*15%
7%
21%
—
Revere Copper &
50%
34%
52
113%
15%
*7%
Motors,
17%
*49
34%
34%
52
113
700
7.900
10%
21%
33
17%
260
18
9%
.
500
5.700
39%
18
17%
10
*15
7%
22
*32%
*17%
*34 %
9%
,
32 %
32%
32%
17%
9%
15%
22
21%
21
20%
177/8
9%
7%
7%
7%
>
100
4.200,
210
13%
32%
*15
15%
15%
15%
"7%
20%
•
96
13%
39%
'
*17
17%
9%
^96
96
*95%
32%
38%
*17%
*
13%.
;32%
*13%
13%-
103
*100
96
96
96 %
96-
96%
.
102
31%
-
103
101%
102%
11
*100%
102%
11
8% Apr 18
16
Apr 24
9
'99% Jun
Republic Steel Corp,,———No par6% conv preferred——
.,100
t
84:%
*100%
•
104%
1
14%
18%
*102%
-18-%
*102%
Inc
14%
%4%
18%
35%
,
Apr
35% July
8% May
r
Monday, November 13,1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
0§0
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
,
*48%
8
'
8
7Ta
10%!,
10%
10%
47r,n
47%
47To
35%
18%
•
18
15%
22%
15%
22%
*17%
..
18%
56
8(1
843
__
:
8%
<1
8%
50
*49%
6 %
0%
28%
15%
15 Ta
32%
49%
%
49
*49%.
23 5 a
23 T
17
16%
•814
10
*9%
10
49
13
*12%
49
6
6%
4.200
8%
8%
8%
,
6
;
70
«
600
i 100
15%
15%
15%
6,000
108%
3.^00
108 Va
630
33%
33
33 %
3.ioo
49%
49%
49%
50
108
9%
9%
98%
25%,.
.98
16%
253/8
12,600
10%
10%
98%"
i
10%
10%
10%
38 va
18%
18%
48%
251 a
.25%
25%4' 25%
25"'i,
125%
25%
32'.4
■32%
32
32%
32%
32%
1.03
103
*101
8
8
*101
103%
8
8*4
10%
183/«
.
•
"
210
99
98'/»
25%
.
32%
103 V4
103%
8 Tii
8%
8%
106% 106%
13,600
32%
3,600
8%
8%
5'% Jan
-
3%
400
'7 %
12%
13 Va
1.800
31
"115
20
85
7
<Apr
19
43
Jan
19
11% Jun
64
63%
63 y4
600
14%
79%
14
14 Va
5.400
79%
80V4
5,200
109
106 Va
12%
12%
13
13
62%
62' 'o
62%
63
14 %
14%
13%
62%
14%
14.
14%.
14
80%
79%
80 Va
79%
118%' 118%.
*118%
119
114%
*113%.
11414
114 V4
18%
18%
18%
10914
109%
110
110%
109%
101 »/4
101 %
101%
"101 %
102
600
28%
29
1.600
13
12%
-
53%
*
13 Va Mar
49% Get
July
Jan
"95
Oct
4
Jan
9% Sep
49 • May
6% May
15
July
333/4 Jan
3
Jan
8Va Jan
8
16
26%
Feb-,
34%
16
Aug 14
July 7
108% Oct 28
Jim
Jan
15% July
94% Jan
103 3/a May
'
Oct 20
33%
Mar
.
Jan
9%
Dec
3
26%
IVa Jan
5% Aug 14
.33
17
Oct
Dec
8
52
23%
Dec
34% Mat
52% Aug 18
10% Jun 22
40% Jan
Jan
10 Va May
25% Nov
15 V4 Jan
25% July
9
.v" 18% July
99
Jan
6%
Mar 25
20 Va
50
July
16%
1% Jan
•69
Jan
5
Sep
'11
1
IIV4
5
July 10
5 Va
'
6%
Apr
4% May
90
Jan
May
9% May
Jun 26
'
26%
33
25
* Nov
5% Jan
5
68V4 Jan
4
io.9% Nov 10
1
8% Jan
6
14% Aug 21
51% Jan
10
Sep 12
9
•
July
34 %
Jan
99
106% Aug 21
4
24%
12% Jan
July 10
V2 Jun 13
3
Coach Co—**.—
14
Jan
% Jan
27
28% Jan
100
Jan
pi
Jan
2
9% Jun 29
54
July 13
"6% July 8-
13
15% Mar
6V»
35
'
11
4% Jan
•
13 % July
128% July
1
Oct
July
Ja n
Oct 27
Jan
81% Oct
92
'
18
163'a Nov
17
Twin
106%
106%
106%
'9% Nov
6% July
41% July
53% July
Jan
7 V4
10
duly 15
24 V4 July
5
58
July 12
"
Jan
8%
27%
6
Jan
3Va
^ferred———No par
prior pfd——*.*.No Par
City Rapid Transit
No par
prefen'ed—u——100
Twin
106%
13
16% Nov
Jun
Apr
3/4 Mar
13% May
5
33% Dec
"
12% Jan 13
50% Feb
4
•,
"
$4.50
•
200
103
*101
105%
5
4
8%
45
Jan-
41%
5
21% Feb
$1.50
4.100
■
%2%
,
9
Rayon Corp.——1
20th Cen Pox Film Corp-j-w-No pur
13.000
26 %
32 Va
23%
-
103%
8%
106%
*
98%
32%
1814
*18
300
43A
4%
4%
"
17 Va
*17
16%
4%
98%
'
>•
:
4,100
9%
24%
9%-
25%
800
'
98
:Co——100
t
"
32%
108
,
8% Feb
>17 Is ■Jan
Trust——1
T6xas & Pacific Ry
Tubi/e
X15%
14%.
19% Mar 16
3.600
,800
16 T a
4
5.000
29 Va
25 la
14'% Feb
10%
*28%
4 Va "
321a
414
37% July 14
18%
28%
23 T6
a
19
Sulphur———No par
& Oil—
.-10
•
Jan
8% Jan
5
10
6% July
10%
28 %
9%
50% Jan
28
18
4%
49%.
9%
12% July
15
4% Feb
-
$ per share
5% Jan
32% Apr
■
Thompson
800
;
4%
108
3
10%
■
48 %
48%
4%
10
35
13
18%
13
*12%
.
•
48%
4%
;
13
(j R) —25,
32% Jan 10
Thompson Products v*.*-—No> par
2
Jan
4
Tho-mpson-Starrett Co—_-.No par,
18% Mar 6
$3.50 cum preferred-*.——N/ par
13
Feb
3
Tide Water Associated Oil—-, —10
iOOVa Jan
3
$4.50 conv preferred...——No par
25
Jan
3
Tfmfcen Detroit Axle—.—
—10
Timkea Roller Bearlng^^-—No par /; .43% Apr 24
•
8 Is Jan 13
Tfansam'erica CorpJ——"
2
TranscontT -fe west Air Inc—,
5 •j -171/3 Apr 25
5
;;
123 2 Jan
Transue & Williams St'i——No par
4
-31% Feb
Tri-Contln<entalCorpl.fc————1
4
85
Jan
$6 preferred
:
—No. par
3
'8% Jan
Truax-Traer Corp—-i—^-No par
13
.47%
2914
4
19
Oct
8% Oct
—
260
86
*84%
49
*5%
80
ns%
*1143/e
.
86
49
6
v47%
-
115%
78% Jun
50
10% Mar 29
—.
Thatdher Mfg Co———par
'$3.60 fconv preferred—.—JVo par
The.Palf——————No par
7#' preferred
———100
'6 Vc preferred .—————--100
Thoimoicl Co—
-w—■
1^
$3 div conv preferred:
—10
Third Avenue Transit Cofp.JNo par
200
55
49%
4%
4%
97% .97%'
»10'
55
8%
•50
:
*18
*9%
*84.%
5
3
12
44% Sep
——5
———————25
Producing——No par
Texas Pacific Land
1.100
18%
18%
*114%
.
Corp
Jan
Jan
•
56%
18%
*55
7
4% Jan
Texas Pacific; Coal
\
'
S3
3214
17
4%'
4%
•
18
•55
*16%
24
32.800
16 Vt
*22%
107%
■
9%
23%
36%
16%
22%
15%
>
<'16 To'
/
7,900
15%
*28V.
,
50
9%
912
9%
4.000
183/a
*22%
4%
32%
32%
32%'
35%
13 Va
15%
*47 1
.;
108%
108
108
308
•
35
18%
22 %
*12%
29 Va
16
6
6
35
35
X177/b
10
4%
28!
15 Tii
.
18%
86
'
*28
353 4
8%
4%
4%
4%
6
117
12%
.
«
6
47%
48
Texas Gulf
*49
12%
13
47%
Texas Gulf
*9%
0%
47;i4
<12%
,
Texas Co (The)
*841'4
1
'
Tennessee
1.500
*114%
1: '
50
*6
1.300
6.200
18
9
49%
10%
48%
55
.—
■'■■
84V4
4
10%
4314
6
15%
1
<•114 !i,'117
m
'
—
10
*9%
9T«
1.5 V#
784%
10%
43
Highest
i pet share
$ per share
42
-
.—50
partic preferred-,—
Telautograph Corp————'5
10%
51 i,
22
' •—•
•22%
*18
55%-
" -1. "
1,100
7%
1
9
^—
Year 1048
lowest
Highest
t per share
5%%
47%
34 7
— ■
.
.
*543 V
18 '{>■
55%
*9%
'■■■
..
'
Talcott Inc <James)
lOTn
18%
--
■
,
47%,
5T'V
18%
15%
iii
15%
J—
-
Lowest
Par
330
50
77/e
,
47
.
—
351V
35%
35 J ;4
*7%
,
800
8Vt
*8
49
250
7%
Range since January 1
STOCK
YORK
EXCHANGE
Shares
8%
*7%
*49
8
$ per share
share
NEW
the Week
10%
'.
:'/.
...,
6
6
6
8%
50
*7%
—
:
.
•
*49
—■
Nov. 10
Nov. 9
$ per
t per share
__
10%
...
Sales for
Friday
Thursday
-
Nov. 8
..
8
—:,
47%
6
,
1
__j
50
7Tu
49%
Wednesday
-
i per share
8
*73V
8
*7%
'
t pet shdre
share
<48%
Nov. 7,
Nov. (>
'
4
* per
Tuesday
Monday
*«x41*!*day
'
PRICES
LOW AND HIGH SALE
.
July
101
4% Jan
Oct
77%
Jun
Jan
6%
Jun
Jan
67
9%
11%
Jun
U
80
80%
80%
*118
119
<113%
114%
*113%
19
19
19
.18%
*100% 101 %
*100%
110
101%
28 %
28%
28 %
*27%
33
23,
*22
•
65%
.
'?
'
■«"
271
*26%
*26%
37%
38
15%;'
15%
.15
1 Va
a
15%
700
"23%
-23%
%
26%
26%
I3/*
1%
'
■
66
1,300
United
United-Carr Fast
•
98,300
38%
15%
1%
38 3/a
38 ya
9.100
$3
15%
15%
7,900
United
'
104%
9%
9-14
9%
*9 Va
67%
67%
67%
10%
10%
10%;
10%,
*
32%
32%
32%.
32%
.<•
*9%
*66
104
*104
*1031% 1'04 %
104%
881-4
88%
12%
13
4214
42%
42%
106.
106
7
10%
lO'V-
•14%
50%
37
8
112
43%'
43%
42%
106
■
7
'7614
180
15%
75%
,5%
500
United
10%
4.000
' >
*14%
14%''
14%
14%
*50
50%
*'50
"-;•
:■
37
■37
36%
7%,
*7%
7%
29%
1
29%
'29%
115
*112%
8
8 Vu
7Ta
36%
7%,
29%
112%:
112
,
'.
8
29%
.10
•814
8
7%
"978
ST,,
*9%
9%
36 Va
30%
48
36%
*46%
36 Va
48
47
*46%
47
*45'
*43 Va
441
44
*43
44
*43
44
44
44
2
2
48%
'9%!
43%
a
*73%
58%
74
47%
48%
531a
74%
-
58%
132%
132%
26%
25%
48
47% J 473
26 yv
4
*47%
47%
4%
4%
59
132 Va
26
53%
t>rjo
*72
74%
68%
57%'
132
133
132%
2
47 a
*15%
■'
*4%
49
:
148
:
53%
25:'/4
25%
26
j
■■
*47%
48
48
48
i
1
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
102%
*102%
103%
*102%
103%
103%
15%
15 Ve
151V
*15%
:i5-%
*15%
15%
*15V4
15%
4 Tf>
4%
"47«
37%
*36
37 %>
.7.7
5
*4%i
*36
37%
.
75
77
76
*4%
*36
37%
*173%
*173%
■
19
19 %
18%
12%
|
191V
12%
12 Va
12%
*12%
28%
!
"28%
28%
'28%
18%
18 3
18
"14%
■•
j!
?
*47
83,
T;
!
;■
23
,
i
56%
>i.
*42%
■t>
37%
"1.600
117%
18%
*75
•22 3 i
4 Va
3%
56
56
•'ll'Po -117%
4'7 %
22%
'48
45
*42%
45
37%
*37%
37%
4
117%
2
*117
18%
14%
14%
*47%
48% W
*48
48%:
*75
78%
*75
#75
83
52 %
*42%
37%
.45
*123 %
*146
132
•37%
23%.
.*75
23%.,
41
•r-<4
57
53
58
,
117%
.
•
Kl-va ft'V
»i
_
.
118
,
*43%
124
*
123-3
a
*146
*146
132
—
■%%
83
*123%
58
24
,
58
132
('}'■
,
,
*146
43 V4
37%
37%
•
*423 3%
Va-Carolina
270
,
'
530
65 1
preferred—
Vulcan Detlnning
132
Preferred
57%
57* V
*57%
58%
58%
58%
58%
59
12%
12'»
12
121
*12
12%
12%
12%
12%
12%
>29%
29 Ti;
29%
'1041,1
104%
*1041,1!
62''a
62%
623 4
*19%
8%
•20
8%
•19%
8%
4
29%
104
62V4
20
8s
29%
29%
*104?,3 ■104%
'61%
61%
*19%
8%
20
8%
297/a
29%
30%
30 Va
500
€5%
65%
66%
4,900
X-19%
-2Q
20
20 .;•
3^100—
8%
2.000'"
*
For footnotes see page 2091.
•
8%
8%
'111 '
8%
>Jan
.
Div redeem
G & W
preferred
Walworth Co—
Sep
16%
Jan
29%
Dec
99
Dec
9
21
Jun
Apr
5
100
33/« Jan
4% Jan
107
July
26
84%
Dec
57/#
Apr
13% May
Mar 13
168
180
7
15% Oct 18
51
Oct
43%
July 11
30
99%
Jan
Dec
19
9 Va Jan
59
88
4
Jan
Oct
21% Feb 17
Jun 27
,
10
5
1
Jan
:
8% Oct
29% Nov
3
Feb
10
113
Jul*
Jan
Oct
Dec
181%
Apr
Jan
5%
75%
lOVe
Oct
44%
Nov
39% Jun
30% Apr
3
35% Apr
Feb
1
Feb
40
44 Ve Apr
.'
*■
iy* Apr
v 76
; Jan
8% Nov
9%
"37% Jun 27
3
2% Jan
7
'.r 64% July 14
48
61%
130
Dec
Jan
62
May
74
Nov
47%> Jan
112
Jan
125
July
"29
Apr
8
20 Va
Nov
Feb 23
42%
Jan
50% Aug
1% Jan
3% July
48%
4% Nov
3
"5% Oct
10
18 Va July
'•*
"
July
39% July
6
5
5
3
80% Oct
11
Mar 20
173% Nov
2
30
23VaJuly
.
—5
25
63% Jan 15
119% Jun
5
12
Oct
20
.
70
Feb
51
37
-25
.33
JUn
Jan
15%
8%*
165%' Nov
25% July
Sep
Oct
21
21
1
Va May
85% July
,
25% Aug
5% Mar 24
.
'62% July
120
5
•
20% Hov
26%
a1/* Jan
39
Jan
68% duly
Aug 23
61% Nov 10
43% Nov
10
4T
35% Sep
80
155
July
6
113
69 % Mar
13
14
:
.
24%
•
" Aug
Jan
150
NOV
Jan
7%' Jan
20% Jan
103
Feb
17% Jan _12
3
10% Juri 27
19
Feb
4
48
-
7% Jan
60% Oct
Oct
110
6
108
July 31
G63/4 Nov 10
x-20
Nov
9
•
Oct
40
Jan
12% July 10
10% Jan
Feb
6% July
'20 s/a Jan
'27
Jan
29% Jan
104% 'Sep
Oct
Aug
67
20
3
44%
!65
Feb
20
19
26% Apr
1
120
40% Dec
Oct
Jan
Feb
37% Oct
Oct
25Va Jen
115
M*r
36% Oct
40
12%
Jan
125
"Feb
No par
*No par...
NO par
Jan
19
Jan. 4
149
75% July
59% Jan
Jan
Apr
102
41% July
30% Nov
150
57
21
.100
Oct
6 % July
2% Ni V
51
3% Sep
-25
Oct
20% July
.
; 80% July 27
11
7
14
50
Sep
7
113% Jun 14
38% Feb 17
Dec
14% Aug 30
.
21% Jan
.5
Jun
13%
17
52
41% Jan
.100
5
133/a July 11
.
6
17% Oct
56
•
4
12% May 15
3
88
% Jrn
9
104% Nov
.6V2
59% July
27% Aug 30
4
4
Oct 20
Jun
% Sep
Jan
18
116 % Sep
.100
46
64% Jan
27
28
-10
2t% Jan
46
135% July
*
26
4
July
3% May
63% July 10
19
9% Jan
'
.
101
Jan
17% Jan
42
44%
Jan
31
Apr
par
}J
77% Aug 21
31
2.50
37 Vo May
Jan
Jan
July 13
149% Oct
'
68
•>
2i)%
Jun
'
4
162
29 Va Jan
32
20
4
Oct
6
July
2
3% Jan
Apr
RVa July
6
-14% dan
.
Apr
'
2.% Jan 28
5
7%
19%
114
Jan
4% Nov
18
May 25
50% Apr
Jan
5
Nov
Jan 13
51% Sep 22
69
4
13% Jan
108
15
47% Oct
130
•
4
x42% July
Jan
Sep
10
19
40% Jan
1
6
30
9% Sep
5% Vlpv 24
87/a Jan 25
•
;
"
19
16 Va Jan
110
'
Walker sfHlram)
76%
l/a
"*
-preferred-:—100
Waldorf, System——
-5o par
Walgrefflh Co——.i**——No par
4Va5 preferred ————100
800
X61
:
60% Mar
Oct
12%
♦
Mar 28
42
Wabash RR 4%5
1.000
9
35
5 Va
7% Sep
106
3
9
.100
.—.~u.——
W
58
Feb
34% Apr 24
par.
Vlrgihlan Ry Co_—*.»«.■•&»—•.*■*•'>-—
200
1,700
*146
58
10
July
Jan
23% Nov
8
44 Va. Nov
8% Jan
•
Chemical
..No
.100
65 div pstrtlc preferred-^-—..
.100
Va El & Row $5 pref——"—
.100,
Va Iron Coal & Coke 5% pfd—.
2,100
.
118%
15% Jun
19
5
'
4
Rj^—.100
preferred^——
Chemical Works—-.
Victor
3.700
4\
61%
non-cum
'.'600
,
;.,43 %
37%
'
*I23?a
■i
117'^
mi,
45
37%
58
....
fit
59
.
23%
30
3
-100
Vicks Shreve & Pac
July 14
*90% Oct
170
.
1
Vick Chemical Co——«—«——
200
80
-
33%
12
70
1
Cd
66
38% Jan
"
5
14% Jan
•
preferred——*—
7
11% Oct
6
•
2.800
.14%.
list
/78Va Aug 30
Jan
% May
•973/a Jan
——————
Rights toinmon ——:
Vertientes-Camaguey Sugar
3.700
18 %"
75
>
•10
117 V*
Jan
7% Feb 10
par
Afn——.No
Norman Co
9
Oct
'
.
—r—-—•
Sep
Dec
Jan
4
—1
Van RaalfceCo Inc—————-
-■
5614
117
483
,83
22%.
14%
Van
■600
•28%
preferred
Sep
15 3/8
7% Jan
2%
98% Jan
-
Top——---No pat
Vanadium Corp of
•2.1,00
18%
■12%
18%
83
3%
55 •
18%
42%
117%
*22%
85
-28%
44 Va
*76
tFnivfersal Leaf
130
12%
.18%
80
*
■
.
-28%
117 Vl
,49
40
12 34
18 V4
49
56nf
117'%
4
18% -18%
34
*75
4
*453
*117
^
j
...
35%
11% Aug 30
May 18
preferred-—.—-No
Jun
2% May
Jan
17% Jan
5
106
11% Oct
Universal ■ Laboratories Inc-—Preferred
———No par
f 1,500
37%;
77
conv
5
Jun
96
Jan 27
UnivefsaV-Cyclops Steel Corp—
500
.
$6
i
July
Jun
69Va
x26
Dec
22
United
ii
114
94%
Xll9%
United Stores class .A——4^--■■
*173%'
18%
49
.
-
28% .,'28%
80
49
'23
; *ii7i'.1
12 %
*75
49,
*76%
'
14
•80
4
!
18%
'
*173%
77
76
■
-14 Va
*18%
4
14%
*75
J
[i
1171V
*117
llV'.x
*117
i
—
76
preferred—
Stockyards Corp-^-
17%
22% May
Jan
11
par
—25
non-cum
'
16
109% Jan
55% Jan
18% Jan
1
10
28 V2 Jan
par
.-No
July
38% Nov
4
.100
1,600
400
5%
4%
5%
*36
—
1%
18
Oct
7514 Jan
-50
2.500
i
:
'
•
'75
70
104%
4%
U S Tobacco Co
900.
*28
18
8 "
-10
—
13
3
26
par
———No
Jun
33% July
45% Apr 19
.100
Preferred •
.
10
Jun
70% July 11
3
6
•
i.7oo
114%
"
1st prefefred—
._50
Ref & Mln_——
U S Steel Corp
27,500
;
23% Nov
314
Feb
May
120% Aug 18
4
12 % Apr
_io
Preferred ii—^—■—-*~
I
Jan
17% Jan
95% Jan
—1
non-cum
U S Smelting
74%,
4%
*761n
85
300
1.500
93%
10
1 % Jan
par
Impt—No
20
34% NOV
31% Apr 19
.100
Co—.——
U S Rubber
4,200
"
,
57%
102%
■
$y S Realty &
132%
4%
4%
*36
*1731-2
800
■
U
110% Sep
18
28% Mar
40
Nov
24
Oct
97
Jan
24% Jan
*24%
Jan
■
79%
10
5
,
9
Nov
May
22
.Preferred ■
—-w-s——
20
& Foundry—,_io
Playing Card Co—.
1
S Plywood Corp——
600
j
!
102 3'4
4%
*102
'..
*33%
Mar 23
61
/
11
Oct
29 % Nov
19
203% May
110
U S
•100
*25 3/4
4%
4%
147
533/c
102% Jan
,
U S Pipe
400
1
2
'
48%
49%
148
X57%
'593ij
1317b
9%
36%
*1%
2
*146%
53 Vt
58 3 a
263
*26
2
54
9%
36%
9%
36%
148
•
"74%
*73
Va
59
132%
*132
9%
36%
49
148"
54
53%
2
48%
4
14814
*147
2
54
*53
493
48%
49%
,2
2 Va
2
1483
*147
i
6.500
1. 500
•
.
47
■
'22% Apr
par
A—No
Prior
preferred——
U; S Lines Co
—-———■
Partic & conv cl
102
6
6
'
60
8%
48
4
1
Jun
par
UVS Leather Co——-^No
2,600
,
113
8%
v
U S Industrial
400
'
,
29 %
*110%
115
*112%
8 l-«
.
22% July
102% July
100% Feb
par
Chemicals—No
900
37Vt
7%
X29
371a
97»
50
Oct
Jan
Jan
25% Jun
100
10
—No
114 %
15%
80 %
Fd^——5.
Foreign Secur
Jan
Apr
6
26
preferred
——No par
Freight Co_
No par
,_20
U S Gypsum Uo—
,100
7% preferred—'—-i.—
5
U S Hoffman Mach Corp
_50
S% c/c conv preferred--——-
400
.
50%
*46
*363
•
&
105%
Feb
*118
7
Co——*—4.—No par
Gas Improvement Co.—13%
Merch & Mfrs Inc——-—1
preferred —
Paperboard———
Jan
July
20% July
U S
800
,
Engineering &
113
59
92% Feb
$6 1st
110
182
*180%
US
1.700
75%
75%
753/4
.
16%
16
180
106
106
106
106
180
120
10%
10%
15%
-
:
7%
106
,
-7
105
'•
'
*6Va
106
•
10%
15%
36%
37 Va
/
291a
••
8
8
.
7%
...
29%
*111%
United
12% '
44 %
"
3712
*7%
29%
United
12%'
14 % 114%.
50% 1 50 Va
-.
5.500
'6,600
87%
:
86% May
111% July
—_■>—100
Cos———5'
Coal
Electric
United
11%
Dec
3
United Fruit
12%
106
*178%
50%
*50
United
1.600
88 %
10%
76
:
:::
14%
14 Va
14%
*50
*36 T4
"76
180
2.600
87 %
12%
.
15%
*178-
180
33% ■•'33%
.
28
Jan
14
Corp!#-—No. par
Preferred
670
.'
87%
Va
7
:
*105 la
16
75 3a..
751a
75%
*178%
106
106
*1-5%
16
16
2.800
33%"
t; 106
10%
10%
10%
33 V4
1 42
7. '
7
10%
106
*105%
106
106
,-
*6%.
'
2,600
10%
72%
12%
12%
42%
$4.75
United
72
:
Oct
.115
5
Jan
8
17% Sep
Co,_^——~5
preferred
—
No par
Dyewood Corp——1
10%
10%
1
brug
10%
10%
72
10%
87%
87%
12%
*6%
9%
69 Vt
10%
.
118% Nov
preferred————No par
500
105
105
'
32% ,'■33
88%
4 ii.»
104% -104%-
i69
10%
12%
'"*105%
la»
9%
67%
87%
.
,
19
Corporation^*— -——No par
United
1%
15%
37%
1514
27 Va
*26
•
Feb
42
*76%
93 Va Jan
Carbon Co—_—-—No. par
400-
.
,
20
109% Feb
conv
100 v
66
82% Jun
United Air Lines
*110%
66
38
37%
119 3%
118%
3
7
113
preferred—..-—^—wlOO
Inc———-10
4%% preferred
-—100
United Biscuit Co——i—-.No. par
5% conv preferred—2i——100
5%
26
14% Nov
Sep
9% Feb
Union Carbide &
200
20,800
'
27 Va
15%
381
17,100
34%
23
*65
1%
1%
■1%
llS
66
*26%
I-
27%
1%
-
MI¬
ST7*,
•
33%
32%
*110%
; *64-14
'65 %
3.200
110%
33%
33 "Va-
23
4.600.
109% ■109 %
109%
X118
22%
22%
*110
65%
65%.
119
*11814
22%
*110
29%
32%.;
33%
81%,
Jun
66
7
76
.
Union Bag
'
40
114
18%
19
Co__—No par.
fc Paper——»uNo par
Carb—<—No par
Union El CO of Mo $5 pid^No par
Preferred :$4.50 series——No par
Union Oil of California
—_—25
Union Pacific RR Co———100
4%
non-cum preferred
—100
Union Tank Car
——No par
United Aircraft Corp——-5
Under Elliott Fisher
•'10
119
114
114%
109 Va
33 Va
*118%
119
28%
31%
109 Va
32%
119
*22
■
*110
•
*118%
31%.
30%
*108
33%
*118
118%
*118
.
32%
.
*63
*29
29
109%
*108
109%
32%
63
101%
31%
30%
31%
31%
< 108
;
109%
110
110
'
"403/8
Dec
11% May
28 Va
109
July
Jun
38% Jan
54% Oct
15% Jan
18% May
Jan
9% Jun
4%
-
RECORD
NEW YORK STOCK
LOW
Saturday
Nov. 4
Nov. 6
*9
54%
1%
54%
54%
12%
12%
12%
12%
1254
1254
13
30%
30%
30%
31
31
31
31
.;245/«
*24%
24%
*24%
25
24%
2454
19%
: * 19 %
19%
*19%
19%
1954'
19%
29%
*30
31%.
24%
24%
19 %
19%
*19%'
30%
30%
29%
9'/4
9%
.914
9 %
'9%
23%
*23%
9%
23%
9%
23 %
23%
23%
5 23%
81%
*80%
30
30
1
81%
*80%
25%
25%
25%
25 Va
25
97%
97%
98%
98%
*108%
*23%
.
108
100%
11754
100%
23%
24
109
109
'
33
33"
*
"
43%
*25%
25%
*25%
28%
28%
28%
105% 105%
'
4
4%: ••4 Va¬
.
105%
'
139 %
139
140
33 %
*30
31%
*109% 109%
"100
107%
28%
28%
32
*32%
*138%
3l
107
30
.,
400
700
<
104
'
*65
68
:
30%
30%
68
*103%
•104
'80
80 -V
79
20%
20
24%
79%
20%
20%
20 Va
24%
25%
25-
28 54
8%.
8%
8%
*82%
84%
84
*29
30%
*29
9
8%
90
120
*■
100
*29
*30%
30%
*7%
7%
7%
7%
7%
14%
14%
14!%
15%
15%
10%
10%
97%
97%
*12%
*124%
1
■
8%
f
84%
(
854
7%
i
10%
9%
10%
.10%
10%
10
10 Va
\
97%
97%
97%
97%
97%
t
1254
13
13 %
13%
13%
13.
13%
l
*124%
*124%
*124%
21
43%
*20%
21
43%
38%
39%
385a
39%
39
39 Va
3954
40 V4
40
:*
40%
\
82
82
82
82
82 Va
82
82
81%
81%
t
84
*83
83%
*82%
83%
83
83
\
84%
*82
84%
*81
Va
84%
84%
84%
85
85
-1
73%
73
73
73
73
73%
73%
81%
*83%
73
73%
73
'
43% •'•43%
*80
83
'
;
800
900
i
700
120
L
Oct
Nov
15%
Jan
Sep
Di p
-
Apf
1154-ApP
5% .Jan
37%
4954 Giit
•;S454 Deo
'81
Jan
24% May
loo
July
120
Jan
136
"
Jun
8
59 Vz Feb
31
Nov
106 Va
Jan
3
Mar
60
Apr
89
Jan
99
Oct
18
Jan
245 a JUly
715a July
Feb
Beb
7
i
5
Jan
26
22
July 38
2954 July 7
95a JUly 5'
x64% Jan 24
8754 Oct 13
Jan 27
3054 Aug 29
954 Apr
9
24.
JUn
52
18
7
1125a
July 17
77
19
40
JUly
2954 May
Jan
22 3%
20
5854 Jan
15
Jan
20
JUU
1354 Jan
22 54
Aug
2%
754
Jan
86
Jan
40
Jan
*20%
2%
.
27
Oct
Apr
Oct
45a Jan
14
Jan
654 July
6
Feb
3
20 Vs
5
2%
Jan
954
8
Jan
3
iV/g July 10
454
Jan
9 !/s
par
80 % Jan
4
97% Nov
Wilson-Jdnes. CO.^.,—_i—. -10
1054 Jan
5
Gil
Woolworth
11,000
,
65'a
Co
„_5
i.—
1
—No pat
Motors-—
No
123
pfd— .100
July
9
1454 JUly 14
128
Sep 30
Sep 25
86%
Oct
1154
Apt
115
Jan
1956 Apr 27
3
3654 Jan
July 6
4454 Oct 11
17 Va
Jan
30 Va
JUn
20% Jan
4
40% Nov 10
16 Va
Jan
Worthington P & M tDel) —_jyo
Prior pfd 4%%, •serieS——:— 100
24
Nov
8
44% Jan
:Nov
4
46
Jan
'82 54
;
4754 Jan
49
Jan
5
Conv.series— .100
Prior pfd 4 Va %
5
84
-No Hat
-
6954 JUn
8
8754 Mar 14
1
745's Nov
Wright' Aeronautical-^.-.
Wrigley (Wm) Jr (Del).
No
V, Apr. 26
58
par
•
Sep
Jan
Jan
-10
——<— -10
(F W) Co—-
Jun
9
57%
par
2O0
,5,300
81
43
Jan
July 21
—i
Wboawartt iron Co
i
|
21
20%'
435a
3154
Jun 24
S S).
Wisconsin El PoW Co 6/s
"I
.
__
*2054
*20 Va'x42 Va
20%
43%
Jan
22
84% July i4
$6 preferred-——.—..
1.200
43%
NoV
110
Jan
254
'
Get
Jun
16% Oct
11% Jan
4
107
8754
119
*19
32
28
Wilsbn & Co Inc
400
21
11054 AUg
9754 Jan
^_--—
Jan
36
66% Jan
preferred
Aug
QC,t
103
.
4
par
—20
Willys-Overland
7/700
97%
43%
*20%
"Oct
7
Wilcox
1.100
20.900
:
15%
144
2054 Feb
Prior
100
754
•
15%
99
■
ioi va May 26
par •
...20
Jan
Jan
■:
127% Mar 8
8
31%" Nov
25% Jan 13
105%' Jan 12
-ItiO
preferred—
Dec
85
57
4
eV* July 5
18% July " 3
"5354 July id*31% July 3.0
29%'NoV 10
108% Jun i9
2054
Jan
V»
67
July 10
-Nov
•;33V» Jun 13
pat
coiiy
20
14 Va
-
754
1454
10
.100
White Sewing Mach Corp_—
-No
$4
7.600
30 %
*29%
29%
*7
£
Feb
22% Jan 20
,21// Apr 24
Feb- i
x9i:
854 Jan
103
White Motor Co—-——_—
300
3.200
97%
9%
*97
1254"
*124%
13
■!
29%
7%
15%
■
"
:?
7% Jai*
109
Jart
50 V#
,
9
10454 Aug 25
3254 JUly 10
$5 conv prior pref
White Dental Mfg {The
230
25%
1-
41,
partic
Wheeling Steel Corp——-
80%
20%
28
4
Feb
2654" Apr 25
73% Jan
>
Apr
2654 Nov 10
9
16%, Jan
103
preferred——————-100
1;600
'
30%
*84
8454
3
Wheeling & Lake Erie Ry._
3 % % conv preferred-
20
80
854
*84
Nov
11854 Sep 18
50
.-
25%
■
101
1
Brak$
-No- par
30
pfeferred__—_J—50
Weston Elec Instrument
..,^12.50
Westvaco Chlorihe Prod——No Par
$4.50 preferred—
-—No par
$4.25 preferred ———fro par
200
20%
80
854
84%
*82%
84
7954
3
1st
400
J
i
65
104
30
2954
2954'
■■
*78%
25%
9%
25%
30
85% Jan
11354 Apr
Westinghouse Ail
„
254
Oct 17
Westlngnouse.Bl'.8t Mlg
1
1
110% i
;
*10154
104
Nov
109
3.400
I
65
65
-.
*10154
*19%
20
25%
<
79%
*20
\
29%
30%.
•30%
65
*10154 104
104
100
0.900
'
*65
3
Sjupply CO——-10
r western- Maryland. Ry;_„___r—100
4% poh-cunv 2hd preferred—_1O0
Western Union Tetleg class A/^ro par
Class B.
4——jo par
200
|
265a July
7934 NOV
16
B%
854 July
Jan
Jan
Jan
west va Puip &.Fap Co,—-No pat
Sep
(
17 V#
96% Feb
Western Auto
10.000
107
106
,
' 90
Jan
Apr
235a
205^ Dec
26
Jujy
•
69
5
83
1852 Feb
Julji
1554 July
325s
1054 July 5
255a Jun 19
6
preferred———.——-100
-8% preferred——*-—--—*—100
West pehn Powkt 4% % pfd-^__100
Indies :Susar
7%
400
j
1754
I
83
*22% Jail 26
Jan
Jan
254 Mar
56
Jan
54
12
11
Oct
<'
Deo
15 V#
Mi y
'
7% Jan
Aug 23
% Oct 19
share
13
Jan
22
preferred—-itaa-AiNo par
Corp————-I
$4 conv
1.900
:
3
-
■
77
West
70
,
6
654 Jan
;
Jan
20
26
27
West PlWiii Electric class- A—No par
80
250
....
33
*110-
107
68
j
31%
*30
110%
*106%
31'
,
140
-v
23
40
r
106 Va
'.*31%
v
*109%
107
*69
107%
|
i
2954 .?
:
wayne Pump Co.
1
Webster Eisenlohr————Nfii par
Wessbn Oil ft Snowdrift
_Nd pat^
>
4354 7
1035*
*138
32%
X30
110% 410%
109% 109%
p
25
I
1
.1154
29%
•.
1
-32%
■
-
..
22% Apr 25
15% Apr 25
200
*25% ' 26%
,
140
140
31
>
29%
106-,
105 %
.31%
31%
26
28%:
140
3i
*30
/
•
4%
Washington Gas Lt Co.—__iVo par
—9
9.200
>'■
3354
4 Va ..{
43%
May 18
July 10
15
33% Jun
Watikesha Motor CO
,1.300
'
24
.
11%
■
44 V*
26
.
•-
4 V,
•
..
110
3354
11%
11
43%'
,
106
24
*108'/a
27
Jan
11% Apr 24
22% Feb 14
—5
*
101
33%
■
,
.117% 117%
110
,
•
%"• 4
.
29%
104%
n
32%
*106 "
26
25 Va
26
"
v
44%
42%'
43%
107
140
il
*10%'
11
*10%
33
2 6 5a
24
*23%
*108%
.
33%
45
50
62
600
107
;
Jan
Fdy ft Pipe...---.—JVo par
81 Va
100 54-
107
Jan
%
700
100'100
*105%
4J/a
2% Aug 21
Bros
10.900
81 Va
■„
11% Mar 31
9
Warren
500
»
2554
Va
27
Warner
Pictures
Highest
$ per
S per share
Jan
7.700
..
23%
25%
117% 117%
109%
3254
954-v. 10
100 \.
preferred../
$ pet share
share
15 s Feb
8
No par
No par
—
Lowest
Highest
300
23%
5 100 /•:' 100
23%
23%
*108
33%
4 ' ■
4'V'a
43
3 07
100%
100%
109%
33 "
108
*11'7% 117%
24
-
*108
43%
12"
*10%
?
*117% 117%:
81
:
100
Ward Baking Go cl A
Class B
$7
1,400
::
30 54
'30%
10.
2554
.
100
5554
23%
*8d5a
"
25%
■
*107 ''•>
1Q7;%'
109
101
101
*117 V*
%
30%
*29%
81%
*98
*ao
.
'
1%
*55%
56
54%
54 Va
«'
300
12%
12%
154
154
*1%
-
t per
Par
500
10
1%
1%
24 Vs
;
*9%
10
54
54%
12%
9%
Lowest
Share*
1%
1%
*30%
9%
*9
$ per share
t pet share
Year 1943
Range since January I
STOCK
EXCHANGE
the Week
Nov. J)
$ per share
share
Nov. 10
YORK
NEW
for
Sales
Friday
Thursday
Nov. 8
9%
*9
9%
*1%
$ per
t per share
$ per share
Range for Previous
STOCKS
PRICES
Wednesday
AND HIGH SALE
Tuesday
Nov. 1
Monday
2091
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4333
Volume 160
78 V*
Dec
58 Va
Jan
21%
Jan
121
Dec
2454 July
42V8 July
,2854
Oct
54
Jun
57%
Jun.
108
Apt
;70% sep
'
/'".:,
"
J-
'Vi
r v
33%
*32
33%
32'14
3254
13%
*32
13%
13%
13%
13%
18%
18 %
18 Va
*32
32%
32%
13 V?
32%
,
13%
"
13%
18 V4
18%
3854
18%
38 54
105
38%
105 Va
105
38Va
10554
*16 54
17%
16%
17
16%'
40%
40%
40%
4054
4054
5%
55%
5%
5%
5%
•Bid
•>,
3854
*109%
39
105 Va
and asked prices; hU sales, on this
day^
1354 / 1354
1854
1854'
X38
1854
18%
i
38%
>38%
|
2,600
*lO&Vi' 105%
1
140
I
3,100
<
10554
-
17
1654
4054
4054
4054
4054
4054
1.300
5%
654
554
5%
' 554
4.100
•
•
1654
16%.,, 17%
h New Stock,
tin receivership. - «t Deferred deUvety.
Transactions at the New York Stock
27% Mar
14% Jan
25
3
33% Apr
24
96
Jan
6
13
Jan
3
185a Aug 30
44% July 12
Co
York Corp.
9 54 Apr
preferred series A——100
Youngstown Steel Door
No pat
554%
a Special'sales,
r Cash sale,
Stocks,
d/
3354 Jan
3
1
354 Jan
19
Monday
—„
Total
30
Jan
82
Jan
$58,000
118,702
$160,000
258,470
388,000
191,720
365,383
379,000
532,000
424,000
1,167,822
$1,883,000
10,069,900
$1,058,000
Shares)
Saturday..„
6,523,200
$36,442,500
TUesday
9,788,900
$35,326,500
!
Wednesday——
10,236,100.
i———_
....
233,545
Thursday.—/.„.—_/
—:
Total..
-
1943
1944
.
3,928,310
5,907,167
219,952,208
—
$58,OO0
$176,000
$B,166,800
1,058,006
2,368j000
90,655,000
Stocks—No. of shares..—
}
■Stocks—No.- of shares..,
Total
/—
33,326.500
-/-
—;»r—
3754 July
.'454 May
Foreign
Corporate
$27,000
'
Total
$187,000
416,006
28.000
Holiday
99,000
121,000
$2,000
4,900
657,000
48,000
5,000
477,000
$323,000
$11,000
$2,217,000.
1943
1,167,822
1,393,324
480,000
Jan. 1 to Nov.10
1944
59,273,669
1943
•
64,389,206
$36,442,500
49,615,400
2,193,29^480
—-
—
Foreign corporate.—;
j.——
;
Total.
Stock And Bond
Averages
of representative stocks and bonds
the New York Stock Exchange hs compiled by DoW, Johes & Co.
Below are the daily closing aveirages
on
-Bonds-
-Stocks-
;I-
10
■
10
1'
;
10 1
Second
10
Total
30
15
Rail¬
Utili¬
65
indus¬
Grade
Grade
Utili-
40
ties
StockB
trials
Rails
Rails
ties
Bonds
roads
trials
"•*
November
20
Total
Indus¬
Date
4
-
First
42.04
25.85
53.30
107.02
110.49
84.72
109.00
102.81
41.93
147.37
November
6-.,
25.79
53.38
107.02
110.29
84.62
108.99
102.73
November
7-—
November
8-..L
147.52
41.98
25.61
53.26
106.98
Holiday
110.30
84.76
108.94
102.75
November
9
147.75
42.20
25.61
53.38
1G6.B8
110.30
85.01
108.95
102.79
148.08
42.37
25.61.
53.51
107.04
110.39
85.23
108.91
102.89
November 10.
;1
147.92
Holiday
! I
———.
11,000
$4,229,000 $149,016,500 $192,195,000
220,000
9,008,000
11,801,000
25,000
1,172,000
1,222,000
$2,217,000
Foreign government—
■
$52,161,400 $2,289,127,200 $2,936,368,175
listed
$1,883,000
323,000
—
$4,474,000 $159,196,500 $205,218,000
$3,060,375^
104,514,600
2,828,793,200
<
f.
j
Jan
Jan
Bondt
*
-
Jui*
250,546,491
Bonds
Foreign—_i—
Railroad ft industrial
.
Government
1944
'
U. S. Government
2
1654
y Ex-rights.
Week Ended Nov. 10
V
Jan. 1 to Nov. 10
Week Ended Nov. 10
1943
19%
5
41% July*
Not
98
Bonds (Par Value)
Week Ended NoVi 10,1944
6,122,300
13,000
10,000
12,000
10,000,100
1944
854 Jan
Foreign
Domestic
-•/
$3,491,000
20,000
3,928,310
—
———
5
30
Sep •
.
Sales
.
$3,000
269,009
226,000
'
654 July
(Number
°f
j
Holiday,
-
6,241,2200
732,330
851,100
1,120,620
Wednesday——————
Thursday..——
Friday—
—
Behds
269,000
<
Tuesday._^i.—_—;
■
Bond
$103,000
.191,000
•
Get
wd When distributed. a-Ex-dividendSi
Total
Government
"..., Bonds
358,030
$3,385,000
866,230 V 5,911,300
Saturday.—/—.—
42V4 July
106
31%
•17"% July
Stocks
Foreign
Bonds
Shares
Week Ended Nov. 10,1944
Jan
20% JUiy 14
Transactions at the New York Curb Exchange
Exchange
United States
Railroad
and Miscel.
6
_No par
Zenith Radio Corp.
Zonite Products Corp
Daily, Weekly and Yearly
Number
36% July 17
15% July 20
23
—L
young Spring & Wire———.No pur
Youngstown Sheet & Tube—No par
Yale ft Towne Mfg.
300
4.200
3.500
3854
10554
i /
/
THE COMMERCIAL & FINANCIAL CHRONICLE
2092
Monday, November 13,1944
emam
Bond Record
New York Stock Exchange
«»
FRIDAY
the
are
S.
V.
2%s—:
109.28
110.10
3-D
100.25
100.29
MS
*104.3
104.5
105.9
106.9
3-D
*103.27
103.29
104.3
105.18
3-D
104.20
*110.13
110.15
110.9
111.11
M-S
111.22
111.22
111.16
112.13
M-S
*101.29
101.31
102.3-
103.11
M-S
*105.29
105.31
106.3
106.24
J-D
*108.24
108.26
108=19
*111.13
111.15
111.9
*111.18 '111.20
)2s^—jUI
:—.1951
1952 1954
1953 1955
June 15 1948
2s
:—
Treasury l%s
"111.7
t
111.13
111.7
„
'102.11
102.28
106.16
M-S
•'%_
106.31
1Q0
100.16
100.6
100.6
10
100
7
100
100.5
18
100
100.14
J-D
.
'.-1—
M-S
102.8
106.28
106.18 107.11
*103.22
3-D
100.20
*101.31
102.1
104.12
104.8
101.26
*101.23
*101.15
M-S
M-S
*100.24
J-D
J-D
100.13
*105.1
101.14
100.19
105.3
*101.12
J-D
3-D
100.9
10
10T5~
3-D
*100.19
100.28
100.28
100.21
J-D
108 3A
34
"113% 113%
113%
114
103%
104%
-Jan
15
1958
J-J
*103% 103%
101%
1954
f 7s
,1942
Feb
1901
;
f 0s
s
Jan: 1901
:
assented,,,
A
120
REctor 2-2300
NY
New York
Broadway,
18%
18%
10
18%
18%
18
I9«a
A-O
19
19
A-O
18%
18%
19
19
18%
18%
of
Foreign Govt.
AGtd sink fund 6s
1947
F-A
*60
AGtd sink
1948
A-O
*60
Akershus
fund 6s
(King of Norway)
4s
(Dept) coll 7s A
AAntioqula
External
1968
„1945
f
s
7s series B
1945
7s series C
71
71
3
66'A
33%
33%
1
17
35
34
34
1
17
35
s
f
1945
f 7s series D_.
1945
,1981
f
1957
A-O
series
1901
Jan
f $
bonds
Australia
(Commonw'lth)
External
5s
of
M-N
M-N
_1957
1927—
90%
90'A
J-J
100
External
s
f 6s
External
s
f 7S
M-N
,1949
1953
__
_„_1955
68%
48%
A-O
68
%
1
57%
69%
48%
J-J
A-O
48%
17
39%
51%
*40
34
42
*40
34
41%
*40
M-N
36
:
F-A
1952
J-D
*77
78%
59%
82
M-N
*75
77%
57%
79%-
1947
7s,
M-N
MQI»
1949
F-A
1977
debt
30
M-S
1949
J-D
-
30
95'A
106%
104% 104%
*106
J-D
(Rep of) 8s ser A, 1951
ASinking fund 8s series B
1952
I a Denmark 20-year extl 6s
1942
External gold 5%s
1955
A-O
77%
A-O
77
J.J
*
112%
152
82
77%
F-A
2
59%
77
2
59%
77
84
84
77%
77
,
84
12
69
89%
A-O
82
88
71%
82
*86'/s
67%
84%
M-S
*100
92
A-O
*100
86%
100%
85
100%
84
101
30%
AEstonia
1967
J-J
*46%
95
French
J-D
106
'
98%
18
101%
93'A
3
89
99%
90%
19
82%
93
90'A
17.
82%
93
100'A
19
92
101
92
32
"101
.
88
12
96%
■
98
1st series
(Republic of)
92
A-O
1949
_1949
100% 100%
45
30
51
3ni%
106
100
100
Greek Government—
A 7s
A 6s
Haiti
part paid
:
1964
part paid
1988
(Republic) s f 6s series A—1952
Irish Free State extl s f 5s
102
108%
y
:
■
-
M-N
A4%s stamped
J-D
1954
J-D
1943
assented
'16%
31
16%
13
96%
21%
14
19%
'75%
98%
95%
■•'■' .'2
100%
*100%
A-O
1957
1954
(Prov) 4s readjusted
18%
14%
96%
-
''
M-N
16
33
16
,32%
Mexican Irrigation—
101
17
—
A-O
J.960
AJugoslavia (State Mtge Bk) 7s
AMedellin (Colombia) 6%s
Mendoza
•100 %
*104
7s
Republic 7s stamped
unstamped
102%
100%
1
*100'A
J-D
108%
104%
139%
109%
100%
•■..101% 101%'
J-J
100%
22
*149
Czechoslovakia
33%
108
*106%
104%
100%
95'A
'-■
21
30
103%
J-J
,—1953
5%s
41%
*106
*100
100% 101
M-S
28%
68%
*100
"v 100
M-S
-1950
6%s__
<
68%
M-S
90'A
90%
,■
'
External g 4'AS of 1928
Belgium external
16
28
A-o
93'A
93'A
.
■
1953
Gtep of)
external
*25
1969
100'/4 100%
100 V*
A-O
5s of '25,1955
69%
1961
„1970
Colombia Mtge Bank G%s,„—„1947
ASinking fund 7s of 1926
1948
7s
_1972
loan 4s Apr,,,.
8 f extl conv
57%
16%
A-O
5%s 2d series
56%
F-A
2
16%
J-D
1961
31
5
1971
16%
1981
16%
94%
1948
17%
17%
A-O
—
,,1972
17 Ys
14%
17%
1969
94%
loan 4s Feb__
16%
17%
M-S
M-S
1961
16%
loan 4'As
1
13
17%
i960
7s
1
1940
10
eonv
18
1
5%s
29'A
ccnv
18%
18%
1
18%' 18%
§A2d series sink fund 5%s
29 »A
f
15%
17%
15%
■
M-N
Customs Admin 5%s 2d series
A-O
94%
18 %
M-N
35
f 7s 3rd series_,1957
f extl
17%
18%
1902
31
s
S
17%
18'%
16
1962
Oct
s
wks
»
18%
17%
■
35
AExternal
S
A-O
17%
19
18%
16
18%
17
30%
3-D
19'%
16%
18
*16%
16%
*28'A
S f external 4'As
*17%
A-O
17
A-O
1958
17%
21
.
17 1
J-D
1
1957
(City) external 5s
(National Government)
19%
*16%
,1961
,1961
2
f 7s 2d series
AAntwerp
19
16 Vs
17%
28%
s
Argentine
19
4
17
34'A
*32'A
28%
A External sec
sec
J-D
20
17%
2
34'A
J-J
s
'17 %
19%
1.:.
28%
J-J
s
J-D
16%
16%
:
*16%
External gold 4%s
—1962
IA Dominican Rep Cust Ad 5%s,—1942
§Alst series 5%s of 1926
1940
71
J-J
External
1st
60%
M-S
A External
7s
50%
—
60
J-J
A External
A
53
V_
M-N
J-D
1945
A
(Colombia)—
M-N
41903
(Republic of) 5s of 1914
External loan 4%s
Municipal
&
18 %f
.
1957
1927—
Public
'
20
17%
,1957
1928
A
19%
16%
:
y-s
(Hukuang Ry) 5s
(Republic of)—
Rloa
18%;
20
16%
•
18%
J-3
J003
19%
17%
u-s
'
19%
16%'
18%
i960
Of
external
18%
J-3
Sinking fund 5%8
Agricultural Mtge Bank
22
18%
1981
assented.
Chinese
4%s
19
1961
Cuba
1-1693
16%
18%
jSep, 1981
assented
Costa
19
_jan
—
25-year gold 4%a
T eletype
:
19%
.—Sep
:
ASinking fund 7s of 1927
Copenhagen (City) 5s
WERTHEIM &. Co.
Va
45
18
1902
assented
A 6s
Member* New York Sleek Exchange
*18%
F-A
A 6s
Telephone
■
18
23
A-O
*
A-O
Colombia
A
M-N
*17
105
45
*21
M-N
,1960
;
F-A
A Chilean Cons Munic
3s
J-J
194a
s
AGs assented—,
Foreign Securities
io3y«
103%
104%
AGuaranteed sink fund 6s__
A 6s assented—
a
103%
102%
*104
AGuaranteed sink fund 6s
A 7s
106%
J-J
A0%s assented-,
-1980
—
110%.
1953
ASinking fund 6%s
Corporate Stock—
108%
104%
lOl'/e
106%
102% 103
15
A6%s assented
Transit Unification Issue—
18
12
110% 110%
*106
103
88 %,
62%
*102% 102%
AGs assented
City
York
110%
61
J-J
AExternal sinking fund 6s
10 LI 6
86%
50
84%
1948
sinking fund 6s
A 6s
83%
*58%
15
AExternal sinking fund 08__
•
84%
73%
—Jan
1901
A6s
100.19
87%
>73%
6'
20
101%
assented—
A Extl
82%
*102% 102%
1900
Afts
101.10
81%
Jan
Ally external
101.20
83
4
M-N
Feb
Us
100.28
83
A-O
sinking fund 6s;
Extl
86%
72%
20
.82%
J-J
AExternal sinking fund 6s
A
83
81
J-J
A6s assented—
100.16
100.13
1960
95
72
-
81
J-J
,1968
(City) as
(Rep) External
100.21
100.26
99%
102
90
*90
A-O
1967
__L—
100.5
J
58 %
99%
-
'-'95%
TO
83
M-N
__1961
—
3
101.6
30-yr 4s„
3'As
3s—
3s
a
AChlle Mortgage Bank 6%s
.1—1945 -1047
M
New
(Dora of)
5
101.7
53
'
92
-
•"92
100% 101
MS
,1984
^7s assented
loTfT 10"lT9
100.23 100.23
100.23
•Aj-n
F-A
external s f $ bonds
a
101.17
101.7
-
4%-4%s__w
'
M-S
•
7
■
98%
98%' 99%
M-S
1977
1975
s
——
101.25
101.23
J-D
,1976
1970
f 4%-4%s—4
ACliile
101.26
*101.21
f 4%-4%s—x,,:
Carlsbad
104.8
101.28
M-S
•
A
loTSl I0T3I
*104.10
J-D
s
—
103.24
*101.26
'
F-A
1951
stamped—
3s
J-3
'
'98%
59%
56
(Province of)—
3s
3-D
M-S
M-a
f 5s_—,1957
Sinking fund gold 5s
;ly58
Sinking, fund gold 6s—x——^laoO
s
2'As
102.8
100.2
el00.17el00.17
eioo.11
*52%
25-year
30-year
30-year
107.3
102.7 "
*106.26
55
52%
*52%
*52%
Canada
100.18
106.9
1
100.12
*•"'102.5
J-D
100.9
106.6
100.12
*106.4
28_.—_
59
No.
3%
100.11
M-S
58 Va
'
55%
No.
External
100.12
100.3
MOO.3
'■■'TOO. 3
54
53%
Series
External readj
..
100.3
100.8
58%
59%
*52%
Series
a 6s
104
"100.19
'MOO.6
_
55%
59%
'■*52%
Series .No.
External
100.14 100.17
,100.3
M-S
J-3
107.7
103:29
No
Refunding s f 4%-4%s,„
'103.17 103.22
J-D
i
107,7
104 "'!
*100.17
J-D
■
107.2
,
*103.24 1C3.26
'
J-D
J-D
v
60
54
"
Loan Corp—
Home Owners'
■
54%
-
54
*52 %
26—
Series
't
12
*52 %
•
25—
Brisbane '(City)
106.24
106:14
*103.30
24
Series -No.
55%
53
-
:vrf
53
3%s
103.9
106.1
106.18
*107
.
M-S
No
No.
High
52%
*52'/4
3%s
,
M-S
53
Series
3%s
-
:
52%' 52%
53
Buenos Aires
*105.31
*102.9
J-D
52%'
23—
3%s
112.6
*106.16
M-S
1955
111.14
*Ui:i2
3-D
22_
No.
3%s
111.15
J-D
9!
No.
Series
3%s
109.12
M-S
—.
series
110.19
104
3-D
1965
Treasury 2%S——„
,,1967 1972
Treasury 2%s
!—__—2__1951 1953
Treasury 2'As—;
1—.-1952 1955
Tre?*ury 2%s_
1954 1956
Treasury 2'As
—_1956 1959
1947
Treasury 2s
;
Treasury 2s
,1,—Mar 1948 1950
1950
Treasury 2s
———Dec 1948
Treasury 2s
:__,,,_::Jun 1949 1951
Treasury 2s
L-.
:Sep 1949 1951
Treasury 2s
—-Dec 1949' 1951
Treasury 2s
March 1950 -1952
Treasury 2s„__
Sept 1950 -1952
Treasury 2s ■;—
___—-1951 -1953
Treasury
109.28
103.23
.1948,
Treasury -2%s
2s—__
109.30
*103.21
M-S
1970
Treasury
*109.28
J-D
Low
55%
Series
3%s- Series
January I
•
No.
—
21„-i.„,j
3%s
Range Since
•
Sold
ti'-zh
No.
Series
3%s
/
(Continued)
Bonds
Friday's
Low
bonds
$
3%s
■
or
Sale Price Bid & Asked
(Continued)
External
111.23
100.18
.1943
.
—-.-i
Brazil
High
*100.16
n
1949' 4953
Treasury 2%s—^
,1950 4952
Treasury 2%s
1952' 4954
Treasury "2 %s____-——^„2_195G ■1958v
Treasury 2%s
1962 ■1967
Treasury 2%s ——_—-i—1963 -1968.
Treasury 2 %s—.-i—.—June 1964 1969 *
Treasury 2%s—„
Dec. 1964 1969
A
of
Week's Range
Last
Period
*109.27
'
2%s
Treasury
HiQh
Low
Friday
Interest
Exchange
January 1
No.
Stock
New York
Range Since
Sold
A-O
——1947 4692
Treasury 4s~,~——___1944 4954
Treasury 3%s
—^-w-s.1946 4058
Treasury 3Ves„—;
.—-i.—1946 4949
4952
Treasury 3 Vas___——.—,1949
Treasury 3s__
—1946' 4948
Treasury 3s
1951' 4953Treasury 27/aS
1955' 1960
Treasury 2%s_
—1945' 4947
Treasury 2%s
1948' 4951
"Treasury 2%s_—
1$51 1954
Treasury 2%s
,,1956 1959
Treasury 2%s____
1958' ■1963
Treasury 2 %s
————.-,-1960' 1965
Treasury
or
Low
Treasury 4%s
Treasury
Bonds
Friday's
Sale Price Bid & Asked
Last
Government
Treasury 2'AS—,1:
BONDS
Week's Range
Friday
Interest
Exchange
Stock
Period
3%
YEARLY
-
"and interest"—except
BONDS
New York
l'/as
WEEKLY
-
for income and defaulted bonds. Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions
week, and when outside of the regular weekly range are shown in a footnote in the week in which they occur. No account is taken of such sales in computing the rang* for ths ysa*.
The italic letters in the column headed "Interest Period" Indicate in each case the month when the Honda mature.
RANGE FOR WEEK ENDING NOVEMBER TO
\
NOTICE—Prices
;
97%
.
■'
2.,
.
33
12%
■
5
19
16%
*10%
33
88
97%
98%
.10%
.
"
:
11%
'
IA Brazil .(U S of)! external 8s
_1941
J-D
60 'A
'
■
•
60%
60'A
Stamped pursuant to Plan A
"
■
J
'
(Int reduced to 3.5 % )
AExternal s I 6'As of 1926
AMexico
-,1978
1957
J-D
Stamped pursuant to Plan A
•'
(Int reduced to 3.375% )—1979
S7
S7
S7
A-O
58%
f 6'As oM927—1957
Stamped pursuant to Plan A
(Int reduced to 3.375%
,1979
A 7s
(Central
Ry)
1952
Stamped pursuant to Plan A
r (Int reduced to 3.5%)
1978
5%
No.
1
3%s
Series
No.
Series
No.
Series
No.
4
3%s
Series
No.
Series
No.
6
3%s
Series
8
55
56%
70
47%
63%
AAssenting 4s of 1910
56%
56%
5 A Treasury 6s of 1913 assent.
13
:49%
64%
58
J-D
60%
60%
•
J-D
'■''
10%
9%
2
Q-J
10%
1
-
—.
•,
„
'
"
*17
-
'
;
***'
17
agree
to
Nov.
5,
1942,
J-D
agree
AAssented
to
to
Nov.
Nov,
M945
L
"
•
17%
5,
5,
1942,
1942,
agree
1933
agree
J-J
14%
.
."■
-
*/
"
•
'
15
,*17
*19%
,
—
•
10% '
9
10%
ni
14%
;" is
13 '
{i
A-O
■
.(•] J
^
ifiCi ■ ;*
t»
..'■ ?
53 %v
58_
28
'13
15
18%
18%
10%
19
58%
,
53%
61%
54
61%
*53 % .57
K-"5.4%
I
54%
;
•;
54%
£-Si)H
7_,
No.
8
9
*52%
Series
No.
10
53%
3%s
Series
No.
11
iT)i;u'iiC54
58'
..J5.r.8
Series
No.
12
*52%
334s
Sereis
No.
13
Series
No.
14
3%s
Series
53%
fiO
irUiP.-f-.'
*52%
334s
61%
.
55
60
54
58%
L
53%
58%
59%
60
55%
52%
53%
53%
55%
52'A
58%
,
No.
15
53%
3%s
Series
No.
16
*52%
54%
56%
33/4S
Series
No.
17
*52%
56'A
57%
3%s
Series
No.
18
53%
59%
54%
60
53%
53 %
3%s
Series
No.
19
*52%
3%s
Series
No.
20
*52%
53%
53 y4
20
SECURITIES
FIRM TRADING MARKETS
157%
54%
54%
:
FOREIGN
58%
54
2
60%
For Financial Institutions
:62
54%
'Xli
54
*52%
3%s
61%
54
;
Mm: ir 54%
*52%
No.
52%
i
*52%
No.
.
.'..a
54%__
*53%
58
..
....
mi
54% t.y.
CARL MARES & CO. Inc.
J
FOREIGN SECURITIES SPECIALISTS
56%
50 Broad St.# New York A, N.'Y.
Telephone IIAnover 2-0050
10%
18%
L
i'.hi *;
:..V
'
11%
%
14%
.
•
56-
16%
-
--*io%
'«
J-J
,'V
*16
.—,
..
58
AAssented
AAssented
A-O
:
2096.
10%
*19%
—-.•
■
—
page
1942,
58%
Series
see
5,
55%
33/4S
For footnotes
Nov.
55
—,
—
to
58%
•
3%s Series
3%s
A Assented
58%
5—
3%s
55
55
3,—
3 %s
—1945
Assenting 5s of 1899
:
'
Q-J
'
A-O
2___.
334s
1
1945
AAssenting 4s of 1904——„—1954
A-O
1944 (Plan B)—
Series
63%
agree
'
Stamped pursuant to Plan A
(Int .reduced to 3.375% )_,_,1979
3%$
47%
A
5, 1942,
extl 5s of 1899 £
58%
funding bonds of 1931"
External $ bonds of
58%
"
■
Nov.
58'A
v
'
s
56
2
(US)
to
'
v
AExternal
A Assented
65%
50.
29
Teletype N. Y. 1-971
,,
2093
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
Volume 160
1
NEW YORK BOND RECORD
FOR
RANGE
Stock
New York
Week's Range
or Friday's
Friday
BONDS
Last
Interest
Exchange
Period
Geraes
Mlnas
^6s
New
(City)
92
U-N
*100
189
100
38%
—1957
F-A
A-0
J-D
*89
reduced
2.125#
to
(Rep 00 external 7s_«L_— 1959
99%
*97 Vi'
98
94
105
88%
97
! J 104% 105%
35
11"'
-105
-
31%
38%:
20%
loan eX,tl s 1 6s 1st
t,
ANat boarr ektl s t 6s 2d
1940 ;
.'lAPuiand (Rep.of) gold 6s.
# •
A4'/2.8 assented—■——.vL,—. 1958
! i a stabilization loan s f 7s__ 1—; 1947
i
&4%b assented—:—-—— 1968, :
J-D
•91%
21%
13,
'
19%
31-
19%
19 Va
A-O
#19%" ""19%
A-0
—
*25
A-O.
*27
Low
20
Baltimore
Ohio
St
'
RR—
•
11%
.
26%
;
:
.
■
l
*25
• v < Int reduced.'to
A External; loan 7%s
1
-
f
>
'..... I960
Stamped pursuant
tint
{
Plan • A
to
;
Dec
1
92%
92%
94
A-0
97'%
97%
98%
J-D
58'A
57
J-D
65%
64
65
If-S
58'A
56%
58%
Jf-8
58%.
56% .58%. #.
190
F-A
(int at 1# to " due.i—....—.1995
1946)
!•
45.; ;/•
vr36
/ to Dec t 1946) due.———^1993#
Ref & gcn ser D. (int at
J-J
44% •••,,%
-34.- •;
*/i
41%
41.%-
43%
40%
856
Jtf-N
*50-
F-A.
.
1940
Stamped pursuant to Plan A
(Int reduced to 2.375# )_.— 2001
i
F-A
lOO.Vi 103"
-.
-•V3SV;t*/45%*-^
A External
Stamped
•
.
6V2S.:
sec
to
pursuant
16
37%
37%
37%
111
,
.
;/>
41%
30
.
73%
.
reduced
ref 4s—
Con
4s
Plan A
2012
2#)
to
59%
135-
46%
651/2
161
V4-.'
43%
M-N
88%
88%
.74-
72%
74V4
,.—.1931
—1951
—
84 'A
41
59
84%
J-J
84%
J-J
87
J-J
.
stamped-..
;
>
-
87%
*
pursuant
Stamped
1
(Int
!
reduced
to
[ 90/1*/.
"
'.#41%
4
64
87
87%
.
1940
(Int
.
-
•
(»
...
y
t
A-0
■
45%#;;./
45%:
2
7.
;39,
48%
:j
:
reduced
A7« external
J-D
2%s——1950
Loan
J-D
2012
...
29
40%
34%
' U".
36% ..36:%" " #
J-D
.1966
.
:
Stamped
M-N
35
.
..
40%
,
.34
40%
43%
•
..
101%
(Inr reduced to 2.25#)/~:
4
A 7s
municipal
A6V2S extl secured s f
;|ASan. Paulo (State)
M-N
,
1051/a
,104'A 104'A
6
ior% 104 %
106VA
106 'A
9
104%
MS
104
F-A
106
extl
#'
reduced
46
46
•»; 35%
30
•'.
*/
1
•' ■*" 38Vi
'*43 Vi
US
#5-
46%
46
J-J
..L
#•'
■■
65 Vi
"..
65%
..
#"#■
66
•
■
62%
A-0
"i
50--'
13 --At
30# %& '£/,
*9
20
.
:/ '
v 2 ;a
i
..u_#
*91
extl conv——.1978
.,;
Power
68 •'
with warrants
6s
•
*16Va
102
",
91
*103%
*104
A-O
klchison
100
Adjustment
gold
Stamped 4s
——
Conv 4s of
*82
Trans-Con Short L
AM
Knox Si Nor
Atlanta
8c
91%
M-N
'
•104 V2
General
&
N
.104%
1
108 %
.108
unified
coll gold
217
•
footnotes
see
Clinch
&
-21
108W
Corp 3%s debs__
*70
mtge 5s
Nov
••
107Vi
108
.
95.1%
V*
1
114% 115 Vi
103%
103% 103%
60
1st gtd
104:.
112% 115%
103% 103%
Central Pacific
1st
*110Vi
Prod
5%s A
Ref & impt mtge
US
J-D
1*.9
Potts Creek Br 1st 4s
1st
4s_
Chicago Burlington & Quint)/
General 4s
1st & ref 4'/as-series B
1st
111
113
Divisidn
•
M-N
91
105%
91
92
105% 106
39
89%
13
37
89 V2
J-J
41 Vi
41 Vi
41%
J-J
34
33%
34
US
107%
69
■
,
104% 105%
6
7
106
,
#33%
103
91
106%
48
Vi
39%
105%
.34%;/
' 93%
8
•
371
30%;
96#,
5s
■
,
39%
#28 '" "'37%
-#52 /.-. / 26;•
.-#,
35%
26%
30%
104%; 109 'A
9#
100
204'
'■
108%
•91' 74
#/ '
99%
"*'77%" 78 ;/", # ■"Ji ' J ' 72'/a ' 88
101% 102 •- •/, V .,.'8-/100
102%
101%
.
T40'/8
106
105
J-J
1949
A-0
105
*103%
.124'
..
'
26
26%
5 "/
16##
1
•'
2"
#■
/; /
;
v.;.,, :
124#/#
*123% 126
132'/a 140%
105% 109%
#104% 109
wt '. 103 % 103%
2 '■ "121% 127 V#
■
•
140% 140%,
-105% 106
.
#
_
26%
258
105'A
#6
f;
105 a72
J-J
21 %
122%
102
30%
; 106 a3
100%
105
"
105 3°2 105 .'2
32
•'
14;
..#1958
MS
112
110 % 112
F-A
110
110
....1971
F-A
71
106%
103
106n
103
J-J
..._;i977
A
120
R£t%.-
—
seres
96'A
30
182
.
33%
28%
94%
J-J
iLE..jJJ^1949
„'_##l949
4s
registered
ref
:34'/2
-__#; 110% 112
registefed______jkLLL_J,Jizl949
3%s
Illinois
16%
56
23
_„•
,
"~
.lOeVs 106 Va
;
J-J
.1989
l11_jJJ^1949
111%
90%
95%
V -A
.1946
tACLicago & Alton RR ref 3s
111 Vi
36
105% 106
•
_1989
gold 4s^
(i#
cons
115%
104%
*1.06
105%
106 %
,
M-N
105%
98
112
49
84%
112
108'A 108%
108 %
111'A
46
92%
109
Chicago & Eastern 111 RR—
AGen
mtge
inc
(conv)
1997
J-J
1982
Chicago Si Erie 1st gold 5s.
M-N.
#!
31%
16%
10
48%'
98
:30
#'
AGen
inc mtse 4%s__....
tChicago
Ind
&
ARefundlng 6s
A
A
Louisville
.2038
...
*53%
M-N
Chicago Gt West 1st 4s series A—.1988
-
91%
50%
10%
12
52'#:,;
10414104%
F-A
_1992
106%
...
37%
"22
#
30%
,
F-A
3 Vis D—1996
impt M 3%s'series E.....1996
R & A Div
&
79%
.68
#
■
95%' 95%
/ 33
A-0
.194?
Chesapeake & Ohio Ry—
General gold 4%s.
106%
111
33%
32%
_____19G0
110%
111
.V.
T-j
gold 4S.1949
5s
,?•
J-D
1964
2036/ 1T';
ref gtd
gold
109%
16
*111
68%
18
......_1987
Central N Y Power 3%s—1962
4s
104%
53
#
110
J-J
..1987
...
109%
*114%
115% 115%
*30
___1987
4s
registered
126%
115%
118%
51
J-J
.1987
registered
106%
45
# 11'A
12
A-O
1961
4s.—.
Illinois1 division 3'/as
125% 126%
11% .12
J-J
Light 3%s_—1—1960
Eng
AGeneral
Ref &
48%
101%
2
"
New
M-8
76'% -*95%
102 Vi
_i-#
,
J-D
Certain-teed
70
115Vi
111
11%.,
110%
115
■MS
M-N
48%
A-O
M-N
124
21
Nov"
M-N
§ ACentral RR & Banking 5s Stmp_1942
105
86
106
2
,#:
103%
66
48
86 #
110
-
69
i2
104
85
F-A
A-O
JACentral of N J gen gold 5s
95%
107%
68
66
1945
101
86%
110%
52
104
1945
1959
4s
109
104%
104% 104%
104%
J-D
,...1959-
f A Cent
107
6
A-O
125%
J-J
AChatt Div pur money gold 4s__1951
A Mobile Div 1st gold 5s
1946
5s
9
116
'
Central Illinois
100%
72
A'O
—.1955
...
67
97
105V2
98
109% 109%
.
114%
111%
13
114% 116
68
J-J
1st gold 4s__—1948
102%
115%
•
95%
debs,
P
....1962
111%
108
*107% 107%
F-A
—1981
102Vi
76
115
*104%
109%
101 Vi
63
101Vi
114
MS
MS
M-N
1949
...
89%
396:
122% 1223i
101
Q-J
1965
W......1950
110
,
117%
115%
1041/2 104%
116
Ohio 4s_
w
941/2
MS
...I960
gtd gold 4s_
U
94%
J-J
106%
81%
117%
118
119
100%
F-A
tCentral of Georgia Ry—
106%
118%
116
1167a
2'
4%s____
ARef & gen 5%s series B
ARef & gen 5s series C
106
117'/a
84'/a
5 A Consol gold 5s
"
116
*116% 116%
*116% 116%,
117%
34
104%
•
118%
94%
Corp 5s
1st
ACent Branch
91%
116%
4
Cariiers & Gen
120
J-J
110%
2
110%
116% 116%'"
J-D
104%
95%
"1
trust
Guaranteed
#18#
J-J.
page
•
109%.
105%
2
107% 107%
Carolina
rrTFcrrr*
For
101 %
1
J-D
22%
-103 # 105%
4 V
104%;
122%
Jan
.1946
mortgage 4s_
.1948
Atlantic R.efinfntr deh 3s———.1953
13
110
Ry deb 6%s—.1946
deb stk perpetual..
20%
Rv—
'Second
.104% 104%
...
J-J
1970
Northern
Collateral
104%
J-J
1969
tSACarolina Central 1st gtd 4s_
67
.107% 108 Vi.
115
1st 4s—.11958
Get* 1952
93
112% 112%
62
.•12/ -.103%
91 Vi
101%
J-D
4s
85%
*115% 115%
79
1037/b
16
85%
104 Vb
A-O
.——I960
4Vis A
86c;
5
A-0
89%
US
J-D
Atlantic & Danville Ry 1st 4s_——1948
100%
69
91%
F-A
Can Pac Ry 4%
101
U-N
J-D
Line
21
89%
21
—1951
76
,1
J-D
Atlantic
iL
•>
107%
1955
Air
5
5
26%:
86
110#
.
105i%
-
90%
A-O
_1995
1st gold 5s__»
Charlotte
100%#
—1956
2d consol gold
mortgage 33is__
—.—1963
Coast 1st cons 4s—.July 1952
(•1st.
4%s__^
107 Vi
'
101
104 Va
MS
....1995
1905—.——
gold 4s of 1910
Conv
'
4%s_.
gold
Canadian
103%
100
105
105
A-O
...—1955
gold 4s of 1909
Conv
gold
Guaranteed
78%
,1Q0%
F-A
.1995
4s..:
29#
28 H
91%
A-0
1955
...
<
1
63%
21%
85%
A-O
1962
gold 5s
Oct
Guaranteed gold 5s
j
Guaranteed gold 4%s——
103 Vi
Topeka & Santa Fe—
1—...
44%
18
27% <•
100'A
86
A-O
gtd 5s A
103 Vi
*102%.
A-O
....1978;
—1964
series E
109%
A
186
63
27%
26%
A-O
gold 4%s^.——1957 '
100%
-
..
A-O
A... 1975
debenture
61%
A-0
Guaranteed
•
'j j General 4s
ji
.
•
Anglo-Chilean Nitrate deb
—1967
Ann Arbor 1st gold 4s__—.-1995
& Memphis- Ry Bdge & Term 5s 1964
mtge 3Vis
Canadian National
A 1st
104%
*100
A-O
A
income
63
.1966
4s
104%
109% 109%
A-O
,
1st
cons
103
*106% 108
J-J
debentures———.—.—1966.
3s conv debentures.
...1956
Aiper Tobacco Co deb 3s.
...1962
(Del)—•
112%
109
*107V4
.
27%
J-J
...1968
3%s_/
Power
Southern
76%
68%
;
*104% —
U-N
1948
assented—1948
21
91%
89%
91%
F-A
3V4S
7s
Power
Canada
109
J-D
*
Co
Elec
California-Oregon
21%
10
*119%
■
&
California
25
10
18%
MS
deb 5s__—•_i,_2030
Ainer I G Chem conv 5'is—-.,*.1949
jtrk
rmour
...
M-N
—1960
Bldgs 5s gtd
66%
19 Vi
J-D
3Vis.—1972
Wks & Elec Cs scries
J-D
A-O'
—1955
Celotex Corp 3%s
& Foreign Pow
Wat
#42
;
...___1952
5s
59
*15%
J-D
Allegheny Corp 3 Vis sec conv—ii. 1954
Alleghany & West 1st gtd 4s..l__^.1998
Allied Stores Corp 4'/zs debs_u._f.1951"
Am
If
18%
17%
,
Companies
American Telephone & Telegraph-Co.—
3'4s debentures..^—
.——1961'
-
..
■'
:■
Celanese
Albany & Susquehanna RR 3 Vis—1946
3 Vis registered
^.—1948
Am
*103%
63%
Bush Term
Cart & Adir
Albany Perfor Wrap Pap 6s
*
Consolidated
60
76 Va
F-A
-—1947;
mtge
'
65%
*72%
F-A
plain
1st
'
60
74%
76%
F-A
10-year deb 41As stamped.
..1946
Great Southern 3Vis—1967
1
36
91
f#91
3
75%
*64%
J-J
Alabama
Alabama
■
•
11
20
76%
75%
J-D
.1953
A Stamped.
....—1953
Adams Express coll tr gold 4s.
1948-.
j
112%
109
#
JAbitibi Power & Paper—
■
108
1
.:#/ ?■$■* 89 t/.r 91
76
76%
M-N
1978
3%s extl readjustment—.
.1984
A Warsaw (City) external 7s_—1958
#
A4Vis assented
—1958
,
104 %
4
lio'A 111%
Guaranteed
M-N
4-4V4-4%s extl readjustment
;
ioi%1
111 % 111%
;
10 #
r
•
5
100% 101-'
F-A
.—1979
1979
Coll trust 4s of 1907
58%
111%
11%
fi-i
*12%
*22 Va
J-D
...
($ bonds of 1937)—
series A
103%
101%,.-101% 101
106% 107%
107%
F-A
Buffalo Gen Elec 4%s B
50
12
J-D
AExternal sink fund 6s„_. —..1964
Railroad and Industrial
103%
F-A
61
3
/...I; '
*90
IA 5s
110
M-N
*89
3%-4%-4-ft
106 %
M-N
56'/a
13177....
ftf-N
M-K
conversion
41V'a
•
62%#/#
12%
13 /
M-V
External
63%
5>
,
.
1981
Buffalo-Ntag Elec 3%s series C___1967.
Buffalo Rochester & Pgh Ry— •"#'
Stamped
modified
(interest
at
3# to May 1, 1947) due__
1957
jBurlington Cedar Rap & Nor—
SAlst & coll 5s
——_is;)4
A Certificates
of deposit..—.——
'•
5
'//a
•
(Kingdom)—
readjustment
95
52%
-v79
;• v.17%
51%
Bklyn Union Gas 1st cons gold 5s_1945
1st lien & ref 6s series A
1947
•■■■43%
43Vi-'" 44%
V-.
•#.#•*• 7/#
•
■
fund 6s——..I960
External
Y Air L 1st 4s—.1955
61%;!.:
#51%
105,:
%< 10O
83%;
50
•
17/7 30, 40%
38%
*37
*35 '
F-A
3%s-4-4%s
60
61%
F-A
95
Af-N
2
33
#44
.Lv'#'/ # #•##<■
/#/"•'• #(._'###.'#
.
7.
40 Vi
*39%
.#•
5%s__.1955#
A Uruguay (Republic) extl 8s_.
1940
•'
M-N
96
11
93 Vi
'
(Cltyi s f
External sink
July 1970
92%. 104
101
■:
Bklyii Edison cons M 3%s
—.1966
Bklyn Union El 1st gold 5s—...—1950
»*■,
Jf-N
a
V
106%
44%
' 40 Vi
39
l#.
•'
■
40% #
40%
J-J
external
—1962
A 7s series B sec extl——
.1962
A Silesia dProv of) extl 7s—j-1958
A 4 Vias assented—__—.—.——1958
;
5
43*i
A-O
secured
Sydney
mtge 4s series RR._
J-J
Bush Terminal 1st 4s._
3.50#)—..1978
(Int reduced to
A 8s
•
46
J-J
to
Serbs Croats & Slovenes
*100
f ABoston & N
'
1
Stamped pursuant to Plan A
2%)—.-..2012
{/Secured * f 7s-_—... ....—1940
Stamped pursuant to Plan A
:
37
J-J
....—.1968
loan—.
dollar
91%
42 %
37
J-J
2.5'#)——1999
A"%egtl water loan—.
H956 ;
y Stamped pursuant to Plan A;
(Int reduced to 27«)——2012~
(Int
A-O
V
10
104
104
1961
_li_1960
gold 4%s scries JJ—
107%
104%
F-A
'
(Int reduced to
"
130%
101%
ICO
2
*104%
1st
81% '*,93%
12
J-J-
——
.AOs
90%
42 Vi
46
42%
34'..
41%
.
42 %
J-J
Stamped pursuant to Plan A,
(Int reduced to 2.5#2-1999
£8* external..1950
Stamped pursuant to Plan A
.
91%
.
M-N
.—1957
1938'
;
*39
J-D
MS
[Santa Fe external sink fund 4s—.1964
iASao Paulo (City of Brazil) 88—1952
,
106 VA 106'%
M-N
M 5s series II_:
1st
:
2004
.1967 .v
loan
89
*
.100 'A# 101%
.
14
101%-101%;
J-f
1967
—1955
Bostdn & Maine 1st 5s AC..—
1st
pursuant to Plan A
,
128 '
129% 129%"
*100% 101 %
AInc mtge 4Vis ser A__
[•
/.
90
73%
16
Bethlehem Steel Corporation—
1968
„
:
A-O
debentures...—.....1956
' . /
Consol mtge 3%s senes F_..__—1959,
Consol nltge 3s series G——.I960,
Consol mtge. 3 %s series H
1965.
2%s
2# )__
to
loan of 1926
Indus
Beneficial
88%
74
98%. 102
A-0
pursuant to Plan A
Stamped
r
;
.
1999"
Afi« external sink ftfno gold
>
Telephone of Pa 5s series'C.—1960
"78%
#56%
9
87
93%
57
52
170
": •' 1
87
59'/•
44%,
•
31%
,
A-O
Plan A
2.5
to
Beech Creek Extension 1st 3%s—1951
Bell
[Rio Grande do Sul (State of)-Ajr. AH*'extl loan.of 192l__.
1
r
7///, 36%'' 36%"; #
F-A
.
100
41%
'
(Int
95%
457
/
58%
Bangor k, Aroostook RR—
41
.
#;'.
J-J,
to Jan 1 1947) due—^—1950,
Toledo Cin Div ref 4s A—.——..1959
'
'
i
70%
•
'
Sep 1.1946) due.—__L—1996 :
AQonv; due....——..Feb 11960
•4 '
13
42'/
,
Pgn L E & W Va System—
; '
;
Ref gold 4s extended to—..1951.
6'west Div 1st M (int at 3 '/»# '
■/
7#?7/5O7':35O:^7::
—
>102%
.42
A-0
1953
".
102
A-O
166..
.
X% to "
due—
.——2000
F (int at 1%>- to •
Ref & gen ser
,
.
High
(int at 1%%
Ref;& gen-ser C
.
•
de'Janeiro .AClty. of1
arkj
>
■~i
42 Vi
/'7' r
4
...—
1
tsow
A-O
26%
;
to 2.25#
reduced
Queensland (State) extl 6s_._—— 1947
1
12
42%
January !
,
NO.
J
Ref & gen:ser A
-■
.
v
Sep 1 1946)
)#_2. 2006\
j APragtn? tCltjrof Greater) 7%s— 1952 ;
i
14/ " 31
20
■?y
J-D r
2.375#)___L# 2001#
)
28%
*15
:
J-J
•
Higli
'<
ls(i mtge, gold 4s__^
...
July 1948
Stamped,modified bonds-— )
>
Jst'mtge,-gold (int at-4 %.. to
Oct 1 1946) due..—I July 1948,
..
7 24%;..
#7
'28: :
32 ;
:,i*121/2 ,26
20
J-J
-
A4%s assented....-.——L_— 1903
A Porto Alegrr (City of) 8s—l.___ 196 r1
Stamped pursuant- to Plan A
j.'-
Range Since
Sold
.
B
•*
'
|! a External sink fund. gold 8s.— 1950
*,
„
Bonds
.
!
60
A-O
.
orFriday's
Sale Price Bid & Asked
..
39%
17
21%
A-O
•
...
10{ u r-
Week's Range
Last
Interest
Period
40
•
Friday
«;
Stock Exchanxo
New York
Bell Teletype—NY 1-310
,
.
v
.
16%
25
16% -24%
,
•
:
.
42%
39V2
47.
38%
MS.
BONDS#''';
94%
87
.,
.
__
97-
York Slock Exchange
New York 6
Telephone—DIgby 4-4933
90
...
96%
Member* New
•"
,
Broadway
61
98
88
;
.
MS
.
k.
98 Vi
83
90
*92%
MS.
,
88
'
MS
•
.
*92%
M-N
ser_— 1960 4,
ser— 1961 •#
A Nat
*98 Vi
M-N
2008
tint
A Peru
101
96
PFLUGFELDER, BAMPT0N & RUST
100
98
99
98 Vi
J-D
ref 3'.is series B—,— 1967
#
100
93
F-A
(Rep) extl s f 5s ser A. 1963
1963
a Stamped assented 5s__
Stamp mod 3V48 ext to__—— 19941947
.
A-O
—1955
j APtTnambUcq (State. 01) 7s—.—
Sflamped pursuant'to Plan A
100
100
*100%
98%
MS
APenama
sec
42%
93%
*87
A-0
n.r-
(City) sink fund 4%s
Ext
Securities
105
"38%
Oslo
.
32
*103
(State)—
External 8 i 5s
/
Railroad Reorganization
42%
32
39 Vi
J-D
___^1959
Wales
41
MS
US
);
#;
High
1959
External,« f 5s.w————1958
Norway (Kingdom of) 41/2S_______1956
External 'sink lund 4%s_;
1965
4s sink fund extl loan—
1963
Municipal Bank extl * f 5s
lain
\i
i
Low
1952
7s
A.
series
South
January 1
.1958
i 6.%s
e
£3ec external s f b%s„
^Montevideo
10
Range Since
Sold
vo.
Nia>
(State)—
i-Sec external
1
Bonds
Sale Price. Bid & Asked
Low
NOVEMBER
ENDING
WEEK
52%
,'<J
1947
J-J
&
A 1st
& gen
gen
A
5s series A.—
6s series B:
48
63%
125%
128 %
13
76%
89%
58%
60
J-J
A 1st
*79
89
60
12
47
65',2
10
50
83%
47%
78%
__
Ry—
Refunding g&ld 5s series B...1947
Refunding 4s series C
,—...1947
ser
'
53%'
88
*127%
J-J
...1966
^^May 1966
77%
M-N
J-J
73
68
11%
77%
73
J-J
68%
11%
11 *14
"
12%
12%
•.
4
45
74
7
10%
14%
1
10%
14%
23
■
BOND
YORK
NEW
RANGE FOR WEEK
Last
Interest
Exeh**ur»
Stock
or
87
SHyll®
1J.8S9
A Gen 4'.is series C,~
May l J&J3
AGen 4 lis series K
«.Mai 1 1989
AGen 4^s series F
May 11989
tCUic Milw St Paul &- Pac RR—
J-J
85
831/a
85 li
j-j
81 li
80
8114
J-J
88%
8714
Paul—■
^Chicago Milwaukee & Si
series A
A Gen
4s
A Gen
gold 3%s series
,
,l
J-J
F-A
Chicago
79
7%
5
90%
87
1
89
j
87
72%
59%
75
27
59
77
J-J'
:
AGreen Bay & West deb ctfs A__„„>.
A
s
91
72
AfrN
71
*__
;
F-A
59%
73%
97
11014
71
10614
7314
97
10
7
Hocking Valley Ry 1st 4%s
J-J
1Q9
:
f
95
Af-N
38
84
104%
75%
100
102
J-J
64%
59
52
103
106%
I
60
103% 106%
I
J-J
debs_1953
J-J
Consumers Power
1st
1st
{ACuba. Northern Ry -1st 5lis
1942
a Deposit
receipts..—
ACuba RR 1st 5s gold
—r1952
a Deposit
receipts—:—
A7lis series A extended to___—1946
A Deposit
receipts
:
—
36
29
30
49
■
104%
49
49
49
■4_
M-N
26%
34%
<
12
101% 102
102
J-J
101% 103%
•.
J-J
/-J
*100
M-S
97% 100
96%, •97
.
*99%.
■*_>'■
A-Q
102
100 ,/
*101%
64
81
■
A-O
85
85
85%
U-N
84%
84%
85%
70
•
6
87
62%
67
.
.
60%
87
-
J-J
77%.
78%
13
58
79
U-N
83
83'%
21
60%
85%
91
91%
42
67%
not,.
67%
68%
142
J-D
100% 100%
1
Jsl
*.93
^—1952
U-N
91%
F-A
68'A
•
93%
79%
91'%.
91'%
76
J-J
,
71 la
101
97
76
~6
72- :
1
59%
91%
76%
•78%
65
J-J
*95%
>—1951
F-A
*96
99 8 4
J-D
76
76%
131
70%
71%
124
52%
74
105% 105%
2
98'%
105'4
1st & ref 4yas series C~„—
Ind 111 irlowa
105%
45%
4
/
59
58
*108
A 1st
21
107%
102% 103
J-D
J-J.
'*L*.
62%
*64
•
50
-1
J-D
62
52
A-O
57
59%
104-
107%
47%.
61%
20%
20
20%
87
16%
249
53%
53
53%
25
43%
57'A
53%
52%
53%
26
43%
74
73%
74%
63
56
77%
3
103
105%
12
105
109%
J-J
103%
103 li 103%
M-S
107%
107 % 108
91%
F-A
,
3
100'% 100'%
F-A
_v»—1955
100%
100
Jtf-N
J-J
95'%
3
91%
76
95%
80.
91'A
5
95
v-.;
51
40
102
10Q
1951
James Frankl & Clear 1st 4s_*>
1959
J-D
I
Jones & Laughjin Steel 3'As—
1961
J-J
•
4%
4%
M-S
fAlowa-Cent Ry-1st & ref 4s
1
67
*49
.
59
102
—
59%
111
104%
A-O
series A>—1955
53
*63
r—.-
10
57%
97%
102
100%. 103%
74%
95%
96%
77%
68%
39
•~1
50
110%
■■,
63%
59
24
63
67
72%
44
687%
73%
41
1-
78%
J-J
—:
6s
5s_„_„>
98
57%
A-O
ref 6'%sr
Debentures
54%
99
78%
J-J
—>—1953
>1972
>——1947
Telep If Teleg deb gold 4'/as»>3952
1st-lien &
82%
99
106% 106%
J-J
Int Rys Cent Amer 1st 5s B__:
Int
62
53%
'
J-D
103 %'
38%
"4
50%
*78
103%
46
57
50
111%
95%
13
*56
—
Ref sink fund 6s
*111
A-O
67%
82
*64%
Af-3
.
series A—July 1952 v
1st gold 5a series C
-
J-J
,
1956
—1944
Internat, Paper 5s series A & B»>1947
109%
1011/4
1
6s
series
§AInternat Hydro El deb
112
108
,103
A
5s
71%
105'A
J-J
^^__>_^>1952
A 1st 6s series A
A Adjustment
1Q9%
107%
109%
103
-J-D:
104%
7
2
108
10614 106%.
—
*
.
Indianapolis Union Ry 3%s ser B.1986
Inland Bteel 1st mtge 3s series F„ 1961
J International Great Northern RR-—
76%
J-D
—1963
1st gold 4s_>—1950 Z
t A Ind & Louisville 1st gtd 4s—1950
-59%
46%
49'/4
108
106%
A-O
extended to——--1946
receipts-Curtis Publishing Co 3s deb———1958
61
Western Lines 1st gold 4s
111
45%
15
104%104%
M-N
A Deposit
72%
28'%
111 Cent and Chic St L & N O— •.
Joint 1st ref 5s series A—>——>1963
102% 108
105% 109 V*
103% 105%
*4614
M-N
A0s series B
55%
*80
;
U-N
•
62
27%
A-O
61%
J-J
104
•102%
10
104
,
J-J
v
117%
60'%
61%
F-A
J-J
114%
105%
—
1061/3 106%
J-J
.
73
115%
*115'% 117
96%
56.
Gold 3%s
—
1951 ,
Springfield. Div 1st gold 3 'is——1951 '/
,
—
47
*75
i
116
101%
104
•
l,
,
12
106%
A-O
debs
——1950
iCrucible Steel 3%s s f debs—,—1955
\
109%
89
103% 103%
10414 105
105
J-D
Crane Co 214s s f
«,
*10314
__
J-J
——_1970
1966
—1969
3lis—
mtge 314s
—
mtge 314&-———
1st mtge
all6
3 06% *106%
106%
J-J
—4963
I lis——
1st mtge
:
1
Co—
72%
.71%
.
Bt. Lopis Div & Term gold 3s>_„1951
;
4950
4s
138%
85 %/
102 % 105%
I
113%
113%
115
*113
A-O
;.
Debenture
all6
F-A
—1948,
3 lis
4956
3 lis debentures-—-—
-1958
Consolidated Oil conv deb 3%s
1961
JAConsoJ Ry non-conv deb 4s—1954
A Debenture As—
-1955
A
110%
113%
*114
J-J
;
108%
-
Louisville Piv & Term gold 3%s_1953
Omaha Div 1st gold 3s„—„»>1951
108% 109
■
debentures—
debentures————
3
j
1958
3 lis
10514 10614
109% 110
F-A
Consolidated Edison of New York—
:
10614
4
94
Cairo Bridge, gold 4s—»——_l95Q
Litchfield Div 1st gold 3s„>_1—1951
64%
20
A-O
■
Purchased lines 3%s
96
61
M-S
111%
Collateral trust gold 4s_.
_»>_1953
Refunding 58——>—1—L»>>1955;
40-tyear 4%s_—
1960
102
83
94
10514 105%
64%
105%
72%
U-N
4s_>„_»_>„t_
,>>_«>_195X
"1st gold 3%/}—>„,—
.>1951
Extended 1st gold .3'is—>»>,>1951,
1st gold 3s sterling——
1951
Collateral trust gold 4s
1952
Refunding 4s>_—>i
>—1955
94
Af-N
98
;
130%
»
93%
J-D
1st- gold
106%
*2
88%
66
110
102% 102%
M-N
1
2%s series A»_198I
Illinois- Central RR—«
109%
*101
94
*138%
U-N
AAdJ income 5s».^»»»»Feb 195T
:
107
92%
137
9914 100
;
108%
14
1021410314
.
17
77 '
87%
82
1Q6%
•",■2
109
•__-i.l999
Hudson Coal 1st
Ulinois Bell Telep
105%106%
72
89% 101%
98
'•'
110% 110%
110%
106
12%
81%
53%
12
97
10614 107
"
IZ
91
)'■-
■.
s f 5s series 4^>1962
.Hudson Co Gas 1st gold 5s_>>»_1949
.Hudson & "Manhattan 1st 5s A
^1957,
103%
57%
184
31
89
*97 li
J-J
Jf-N
3 Houston Oil 4%a.debs»___„__>>_1954
99 va IlO Va
—
6
*
••
106%
10%V 103%
H
;oni
88%
75% '78%
78%
J-J "
A-O
-
3 lis s. f.
U
100
100
88%
J-J
.___2015
.'••••■' v--'
ref Term M 5s stpd_». ^>1952
11§ ARousatonic. Ry: cons gold 5s—>1937
100%
103% 10314
*
A.-.,-
M-N
L 1st & ref 4lis—-1951
Conn River Power s f 3%s A——.1961
Cigar
12%
12;
100
111%
5
-
J^f
109%
—
22
&
1975
Gulf States Utll 3%g series Di.—^1969
in
1011% 101%
Gen mtge inc 5s series A
1st
92
106%
1Q
110%
*111%
F-A-
Gulf Mobile" & Ohio 4s series B.
Gulf &" iShip Island RR—
i
•J-D
4s——-1953
Consolidated
12%
Feb
.
65
72
*69%
Feb
Debentures: ctfs
'AT
.
72
110
107% 107%
J-D
53
-
12
7114
71
•.
•F-A
99%
.——1861
gold 4s__1948
314 si—1970
;
iV
112%
302%
531
92%
55
'
Conn Ry &
s
119%
98%
35
■■>: 2-
.
3lis—
111% 112103% 104%
1
8914
J-J-
gtd 4s————1945
inc mtg&
1970
Colorado & Southern Ry.—
• ,
4lis (stamped modified)
1980
Columbia G & E del? 5s
May 1952
debs
111%
loi tV 10%%
105'% ■ 105 %
|
891/2;
J-J
;
Colo Fuel & Iron 5s
Conv
126%
100
105 li
109
22
At O
Coal River Ry 1st
Commonwealth Edison, Co—
120
105%
18
»
101
108
91
102%
5!
119% 119%
104%
J04
89%
1061/2 107li
A-O
1st extl
119'%
J-J
104%
9014
1061%
ColumbUs & Tol
m%
8
125% 125%
J-J
J-J
2
106%,
4-0
4"G
—
22
119% 119'%
.
J-J
3
107% 10714
M-S
A-O
Short Line 1st gtd 4lis—.—1961
!
Cleve Union Term gtd 5 lis—L——1972
;
1st S f 5s series B gtd
.—-—1973
1st a f 4%s geries-C
-1977
Debenture 5s
7
125%
:>.,_1946
100% 101%
8
101%
,101
ifrJ
Cleve
Columbus & H V 1st extl
.
J-J
3%s series l-™i..___1967
(
-
Columbus & Sou Ohio El
101%
Gen vnitge
108
107
;
J-J
78%
101%
*102'%
■ *
*
■
'
107 »/2
Gdn mtge. 4s series
107% 107%
.
:
48
104%
21
i
•.
P-A
;
v
J-D
34%
22%
25
•
_._>-197Q
gtd—
*
78%
106'% 107
General 4%s series E_'_»__>>_^_1977
General mtge 4s-series G i»^>_1946
'
U-N
Series D 3lis
;
J-D
1947
V
1958
5
99
77
77%
107
6<f%
68%
101% 105%
70
34%.
[
I
79 '
.——1948
-.--—1956
i
!
General 4lis series D._»_.—>„1978
i
93%
94
102%
1st 4 lis_
68
105 '/a
:
32%
34%
1
51
79
5
(B F)
105
105
1
J-J
General 5 lis series B____.
>1953
General 5s series C—-»_^>_;>»1973
|
"
•
Great Northern Ry Co—
,
11%
931/2
10614 106%
J-D
-
51 li
180
64%
i,
J-J
J-D
-
39%
1,001
72
4
75
Ry—
RR—
531
10%
93
74%
9314
J-J
\ Grays Point Term 1st gtd 5s
84
*85%
J-D
tJ§APa Caro & Nor 1st ext 6s,__-_1934
'
'•■83
.M-d
J-J
i Goodrich
99% 100
J-D
-
Gen Btefel Castings: 6lis
-__^_1949
I J A Georgia & Ala Ry 5s_____Oct 11945
67%
68
M-S
_^1969
1
46%
511/4
9%'
104 In
J-D
5s,.^1949
75
36%
49
103%
97%
Corp—
75%
1
10%
&; Utilities
4s'eoriv inc debs%______'^_.
61%
1.441
46%
51
|
81
67%
75
100
General " Realty
:
254
7514
731/2
75 li
56'i
103
103% 104
U-N
%
60
42
12
100
42%
865
51% 52
*103'% 104
J-D
1956
Gas ft.Elec of Berg Co cons
104
63
13
44%
—--—1993
Cleveland If Pittsburgh
Series C 3%s gtd—
i
103
66
Machinery Corp ,3s debs__>_1956
60
5.0%
57%
133%
98%
77%
.104
__
6414
""
Food
| Francisco Sugar coll trust 6s
.
117
y
lot
li
103^
*103
'
,—1943-
(Cleveland Elec Ilium 3s
63
1.188
75%
45%
—---1993
Ref & impt 4 lis series E
.-—-1977
Cin Wab & M Div 1st 4s„——1991
St L Div 1st coll tr.gold 4s,
1990
f
4
J-D
General 5s series B__
»
721/4
*104
;J"D
IA Choctaw Ok & Gulf cons 5s——1952
Cincinnati Gas & Elec 314S-.4.—:-1066'
1st mtge 3lis
,
,-—1967
Cincinnati Union Terminal—
ist mtge gtd 3 %s series E__—-1969
.1st mtge 2%s ser G—
—1974-.
,
:
101%
""105% 106%
.
M-N
.—--1957
Cleve Cin Chic & St Louis
General gold 4s_——
1'
17%
98
74%
M-S
————1963
4s,
1952
1962
gADebenture 5s
64%
11%
1.061
75
_Ii_1934l
JgAChilds Co deb 5s——
45%
1,262
a"O
Chic & West Indiana eem
1st & ref 4lis series D
-
M-S
14%
10614
J-J
4s
2%s ser G
J-D
|
6014
F-A
Union Station—
'•.•'•
•
3%s series F———1963
mtge
11 Florida East. Coast 1st 4lis_._,._1959
}„
14
"
1st mtge
1st
i
90%
103%
102
*100 %
89%
104%
102
13
133% 133%
77%
58%
High
Low
*103% 104'A
itf-N
J-J-
A 1st & ref 5s series:
.1974
Acertifieates of depositi^..____
;
104 »/8
104
Mr-:N
IA Florida Cent & Ppninsular 5s_,-1943
i
76%
.'118'
89
14%
J-J
§ASecured 4lis series A—
1952
AConv gold 4lis
.
-I960
Chicago St L & New Orleans 5s_—1B51
Gold
3lis
—1951
Memphis Div 1st gold 4s—;——1951.
Chic T H & Southeastern 1st 5s—1960
Income guaranteed 6s
-Dec 1 1960;
A Certificates of deposit—
>/
I
6014
—
jARefunding gold 4s—
.
1
110
/ Firestone Tire & Rub 3s deb_,___..1961
\ Flintkote Co 3s debs_^:
1958
I
89 J/2
132
J-J
-1988
A Certificates of deposit—.—
A General
s
82%
76%
Range Since
January 1
Sold
No.
High
■'.'I',
86
69%
901/4
Bonds
Friday's
;
74%
88%
J-J
1927
Pacific Ry—
part paid
25%
tChicago Rock Island &
;
70
89
■8714
■1
J-J
4s__——1969
Sioux City & Pacific Div 4s—-1969
JgAChieago Railways 1st 5s fitpd
:
102%
176
.
or
Sale Price Bid & Asked
Low
|
Valley Biv
Plaines
90 '■
A-0
adjustment'5s-i."..Jan 12000
Chicago & North Western Ry—
1st & gen mtge 4s set A—
.-1989
■-:
2nd ratge conv income 4lis—-,-1999
Des
88%
J-J
1975
AMfge gold 5s series A
.
•
Week's Range
Last
Interest
Exchange
Period
'
iAConv
•
2
10214 10214
Fork Stock
Hiah
Low
No.
His/h
Low
Jf-J
New
Range Since
January 1
gold
'
ms
4s,
Chicago Ind & Sou
Friday
BONUS
Bonds
Friday's
Bale Price Bid & Asked
ffriod
RECORD
|SNDIN[G NOVEMBER 10
Week's Range
Friday
BONDS
New York
Monday, November 13, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
2094
"84%
91
91
103% 103%
103%
4
5%
3
54
58%
3
95%
)*
91
103%
102%
K
D
Kanawha & Mich 1st gtd
i JKansas City
payton P & L 1st mtge 3s
—
1970
ipayton Union Ry 314s series B—-1965:
:
\ Delaware & Hudson 4s .extended—1963
»Delaware Power & Light 3s
—1973
t f Denver
& Rib Grande RR—
:
§AlSt "consoles—
,
1936
SAConsol gold 4%S_;
-1930
IDenver & Rio Grande Western RR—
>
AQenerai s f 5s_—...
—1955.
,
AAssented "
Des
———
—
1978
B—
ARef & impt 5s series
Plaines Valley Ry—
J-J
J-D
*103%
Af-N
[
103 Va
a certificates , of
43
79%
99%
12
105%
106%
i
; Kansas City
56%
78
45
56%
?
57%
•
56
57
571/2
80,
46
57%
I
4%
F-A
4%
4
•
4
51
8
50
"112
40%
5%
4%
49%
4%
3%
Detroit
Gen &
Gen
'
—1965
ref mtge 3lis series G—1966
ref 3s series H—
1970
Edison 4s series F,
&
peirpit & Mackinac 1st lien gold 4s 1995
A Second gold 4s—
.—-—1995
Detroit Term & Tunnel 4lis
1961
Dow Chemical deb 214s—.
-1950
Dul Miss & Iron Range Ry 3lis—1962
t§ADul Sou Shore & Atl gold 5s-—1937
Duquesne Light 1st M 3lis
1965
108%
M-S
107% 108
J-D
J-D
49 "
49
.1.
li;%
12
u..
107
108%
111%
15
104%
lQ7li
41
2
*28% ' 30
108%
21
A-O
'
98%
102
*102% 103
*107%
40
40
J-J
'
106
119
4
"106
J-J
1954
J-J
Ed El 111
Elec
1st cons gold 5s—1995
1950
111
148%
150 J/4
101%
103 li
106
106%
El Paso & S W 1st 5s5s
—
101%
stamped
Empire Gas & Fuel 3 lis
Erie
Railroad
r
F-A
Ohio
Di*'
For
A-Q
82%
101% 101%
80
*99% 10614
J-J
—1995
J-.T
2015
J-J
mtge inc 4lis series A-"
Gen
I
102% 102%
3
99%
1st
mtae
footnotes
314s—
see
page
-1971
2096.
M-S
85%.
105%
105% 105%
83
53
85%
184
105% 105%
2
101%
64 J/i,
102
5'A
3%
5%
99'%
j.
103 J/i
85%
107
5s
.
stamped—
^>
1st & ref sink fund 5s
5s
stamped
stamped
;
101
98%
101
104% 104%
58
93%
105%
101%
101% 101%
6
89%
101%
54%
14
105% 105'A
5
97%
105%
1
97
105%
54
J-J
J-J
104%
104% 104%
1
99%
4
98%
——1964
^
F -A
100%
104'i
95
99%
86
84%
98%
90
71
85
65'A
87%
90
70
.
*84%
87
67
98%
97
*87
*87
49
86
*97%
F-A;
F-A
,w
99%
M-S
1954
105
105
105
A-O
1954
1974
98%
12
101
104%
Dec
'——1964
i1st & ref sink fund 5s>——>—1974,
100%
22
100 % 100%
J-D
mtge income reg
1st & ref sink fund 5s
5s
.
106%
■
A 1st
99
100% 100%
*100
100%;
J-D
.
6,
105%
105%
F-A
Lehigh Coal & Nav s f 4lis A
i
Cons sink fund 4 lis series C
115%
Co—
1st cons M 4s series B
,
A-O
106%
102 'A
*4%
i Lehigh Valley Coal Co—
*150%
110%
108
*104% 104%
L
Laclede Gas Light
*106
Af-8
109'/a
105%
A-O
extd 5s
>1945
1
Coll & ref 5lis series C———1953
Coll & ref 5 lis series D
1960
1 Lake Sh & Mich Sou gold 3 lis
1997
3lis registered
—1997
Lautaro Nitrate Co Ltd—
:
*102% 102%
J-D
1970
1965
1965
1902
Elgin Joliet & East Ry 3lis
175%
107%
>
34
110
__
90%
172%
.j*
109
*107%
M-S
——1975
1954
1954
Lehigh & New Eng RR 4s A_„—>1965
] Lehigh & N Y 1st gtd gold 4s>^>,>1945
*115%
J-J
2lis debs
(NY)
Auto-Lite
U-N
-
.
,
M-S
1Q9
;
1958
102
'
94%
M-S
»
East Tenn Va & Ga Div 1st 5s
98
-
*109
J-J
100%
*168
A-O
5s—>——1954
91%
>
*95%
J-J
199.7
■
51'%
>
*100%
*103%
J-J
69
68
*66
J-J
3J/2S—_>>_>1961
Kresga Foundation 3% notes.—>>>1950
lAKreuger & Toll 5s ctfs
1959
47
4G
93
109%
114%
103%
'Al1''
.
72%
105%
Koppers Co 1st mtge
ios%
106% '
30
54
25
108%. 109
M-S
J-J:
18
~y
.105% 105%.
49
J-D
Itf-N
108%.,;J
94%
*105%
Kings iCot Lighting 1st
1st & ref 6%s—
A-O
80%
90%
69% ,91%
*118%
Plain >——
———1961
4lis. unguaranteed—;—
:—1961
See Chic & N'western Ry.
90%
31
J-J
Kings cmmty El L & P 6s,—
%
.
102%
"
J-J
fi.%
51.
94'%
;
5
72%
,71%'
.!>>—1960
8
,
A-O*
90%
J-J
77
76'%
90%
57
Kentucky Central gold 4s>„.——,1987
Kentucky & lad .Term 4'/2s_—„„1961
Stamped
—>1961
.
51"
77
Southern Ry 1st 3s
1950
Apr 1950
77%
76%
77%
A-O
deposit:—.>——"
Ref '{ill impt 5s__—.—
I Kansas City Term 1st ;4s
98%
*102'%
Ry—
1—1936
gARefunding gtd 4s
56
F-A
A-O
103 %
„
Fort Scott & Mem
!
96%
96
105%
J-J*
108%
105% 105%
96
A-O
J-J
105%
106% 106%
A-Q
gold 4sT_1990
80
65
.
87%
c
BOND RECORD
YORK
NEW
NOVEMBER 10
RANGE FOR WEEK ENDING
Interest
Exchange
Last
or
Friday's
Sale Price Bid & Asked
Period
1954
F-A
63%
Lehigh Valley N Y 4%s ext__;
1950
J-J
74%
M-N
36
Low
17
J
69%
i
.74%
75%
35
64%
36%
229
33,
32%
4s
!
registered
4Vis
M-N
45%
A-0
74%
■'
stamped—.
—
_
Lorillard (P) Co deb 5s
'
106%
I
106%
'
118%
120%
103%
j
384
105
110
3
100%
102%
93%
5s- series
&
ref
1st
&
ref 4'%s
A-O
A-O
105%
—2003
1st & ref 3%s series E
.
1950
J-J
i960
J-J
Paducah & Mem Div 4s
1946
F-A,
St Louis Div 2d
1980
1945
1952
1955
Af-S
Mob
gold 3s
1st gold 4'%s
& Montg
Ry joint monon 4s
Atl Knox ft Cine Div 4s
South
108
104
107% I
106% ;
6
47
94 y4
106 y4
f
ir 10218
5
102%
104 v*
j
102
A ext
Unif mige 4s series B ext
Unif mtge 3'% s series
99%
.
105%
107%
50'%
/
104%
106
106
104
101%
106'%
j
112
106'A
.
113
I
*112%
Af-N
3-D
99%
66%
66 Vi
66 %
M-N
82%
81%
90%
99%
3-D
82'A
*60%
Af-N
1959
1947
RR (Southern Lines) 4s
A Manila
Af-S
•
__
I
s
6s__
50
West Side
|§AMet
Micnigan
_
(Chic)
El
Central—
Jack Lans
&
F-\
J-J
1Q%
10%
*5%
5%
1
4 Vis
97%
66
69
67%
*105%
J-J
J-D
71
71%
63
;
S34
18%
Central gen &
105'%
108
24
105 y4
109
45
45
14
F-A
18'/a
18'%
25
F-A
*6
m-n
&
4 "As series
ref
167%
a-o
o-a
106%
2
107%
"
82 V4
89'%
12
34 V*
47%
40
37
48
'
„
*121
99'%
j-j
88
j-j
87%
—
„
_
51
80%
63
61
99%
144
80%
100'/4;
10
67-%
89'%:
38
67%
64%
64%
80%
80
-
98'A
•
'
'
*88
87
■
101'%
53
2
66%
____
j-j
105'A
88'%
2
a
47
66
'
q-A
92 5
87
101'% 101'%
1
121'A!
116
1
104V4 104%
66
129
125
'
q-j
133'A
129
11
132'%
■
104'%
31
109%
110%:
13
*129
''
Q-F
6s series B_________2047
1
83 y2
132
132'%
.
m-a
A________1974
95
111
107
*3434
■
m-3
87
108
18%
36'%
'
14
5
45
83'A
37
f-a
21
7'%
23
107% 108 '/a
83'A
A-q
50% '
15
'
22
107
j-j
69'%,
ni'%
34
— _
91'/a
21 Vi
22
m-s
:____1974
8'%
108 3A 109
108 7/a
j-j
5%'
3%
52
31
—
91'A
j-j
.
1st gold 4s_1996
ref 5s
__
105% 106
45
204?
•86%
877/a
70%
66
%
84
89
;
*
F-A
1st & ref mtge .3'%s,r.^__1967
Js.t mtge 23As—
1974
<
107
34
107% 108
107%
•
M-a-
23
99'%
99Vi
—
110%,. 112'A
r
110'% noy2
■
110%
*99Vi 101?%
■
f-a
i:
FV
;
0
fOgdensburg Ss Lake Champlain Ry—
SAlst guaranteed 4s_______.
1948
Ohio--Edison; 1st mtge:3%s__,_^_4__1972
Oklahoma Gas & Eleq 33As___„___1966
Ontario Transmission 1st $s-___,__1945
Oregon RR & Nav con gold 4s_—1946
Ore Short Lina 1st cops gold 5s___1946
!
97%-
61%
j
69
105
152
•107'%
106'%-1063/4
.
(Minn)
e
100-
..
72%
■
93'A
504
r
__
63 %
102'%
*1051/8
105 3/8
j-j
series A_____,^__1998
Ref & impt 3s series
1
12
3%
97
97
J-J
31%
104
54'%
106'%
j-j
:
.
J-J
94
16%
48'/4
15
90% 5
7%
.
82
83
21
M-N
(Wise) 1st: mtge 3Vis__——1964
103'%
75'A
47
..
.
V4
71
55
90
25
32
q-j
94
97
106
88
23
108'%
106'/a
66
■
.88%
Q-F
1959
1990
1st 4s
*63
:
Af-S
minR Ct Paul & Sault Ste Marie
1st intge 4Vis inc ser A——1971
Gen intge 4s inc ser A__——___1991
Mo Kansas & Texas
28
64
66
67'A
Ref & impt 5s series D—.______204?
f
105'%.
75
77
90
*99
J-D
tMinneapolis & St Louis RR—
A 1st & ref gold 4s
—1949
ARef & ext 50-yr 5s series A
1962
1st 5s
107%
J-Q
102%
__
107% 107%
A-O
IJAMilw & Northern 1st ext 4Vis—1939
AlConsol ext 4%s____1939
.
88%
90
100
95
__
*104
Af-N
Af-S
1940
of N J 1st ext 5s_
*100
MS
50 Va,
15'%
a'%s^,^__1965
Northern States Power Co.-—
Sag 3V28
91
61
4 '/a
67'A
a-q
Ref & impt
>
i,
.
t AMissouri-Illinois RR
13%
13%
56
4
4
prior lien 4sj:_1997
4s registered
n_______„^__1997
Gen lien ry & Id gold. 3s____jan 204?
3s registered
______T_^__2047
Ref & impt 4'%s series A
2047
100Vi j
19% j
93
--13%
,
59%
15'A
153%
1993
1st cons gtd 4s
Northern Pacific Ry
[
102%
*100% 101%
A-O
4s__1938
Gen
102%
103% "106
108%. 111%
Af-S
1951
1st gold 3'/as
1952
Ref & impt 4'/2S series C
1979,
Michigan Cons Gas 1st mtge 3Vis_1969
A Midland
*104'A 104%
__
45 V*
*105'%
m-3
j-d
j-j
North
50
50-
101%
__
'
/•Jf
"j
101
*
A-O
—1955
Metrop Ed 1st 4%s series D
,—1969
Metrop Wat Sew & Drain 5'%s—1959
McCrory Stores deb 3%
-
1955
Norfolk & Western Ry
.
713A
83
.' n;
*101%
102 %
100
52
24
50
A-O
3
53'%
54
m-n
Niag Ldck & Ont Powr 1st 5s. A_j_1955
Norfolk Southern Ry Co—.
.
A-O
Steam Shovel
Marion
61
49Va
V4.
-
A Gen mtge 5s conv 'ino___r __^__2014
t § A Norfolk Southern RR 5s A
__196i
1943
46%
1
22V4
j-d
.
jntge 4'%s series A
1960
Manatl Sugar 4s sink fund—Feb 1195?
A Manila Eleii RR & U s f 5s
1953
27
87
M-N
Niagara Falls Power 3'%s— ;______1966
M
Gen
50'%
21'%
A-O
4s
1st. mtge
Maine Central RR 4s series A
46
55
§5'/a
1957
Rys prior: lien 6s stamp_^,_:__1958
1st 3»%s„_,_____1963
fiAN ? Susq & W 1st ref 5s-„„-l937
|A2d- gold 4'%s
__________—1937
5AGeneral gold 5s—____1940
A Terminal 1st gold 5s_____-___-1943
N. Y Telephone 3'As series B
^_1967
UAN Y West.& Bost 1st; 4%s__2_1946
;
103
*102%
M-S
J-J
59%:
23
49 Va
j-j
N Y Steam Corp
100
94%
98%
98%
60
45'%
49%
j-j
,
*102%
■
98%
45%
5
50
4914
X_-^1948
6s____2__t—-1940
4s
"l
49 »A
49 Vi
50»%
49'%
,
'
N Y
;
102%
4
106% 106%
m-n
N Y Queens El Lt & Pow
I'
106'/a
15-
105'A 105%
105%
105% 106%
105%
—2003
ref 4s series D___
&
1st
A-O
2
105 % 105%
A-O
60 Vi
50%
N Y & Putnam
?
106% 106%
L2003
.—2003
B
series C_
j-j
AGeneral
Louisville & Nashville RR—
1st
46
51
*__
-
A-O
Alst & ref 4'%s series of 1927_„_1967
"
MS
4s__,„__»T4,„_>_195d
lAHarlem River & Port, Chester—
1st 4s—
i__^_,a_1954
JAN- Y Ont & West ref gold 4s;
1992
1
105% 105%
■■
deb
ADebenture
104%
102-
29,
102% 103%
103%
MS
83'%
89'%,
.•
103'A 103%
.103%
J-J
1943
Co gtd 4s__
ft Jeff Bridge
Lou
1
M-a
3'%s^„____/.^-1947
3'%s-„,—-lL^,-1954 '
m-s
deb
AConv deb 6s
§ACollateraI trust
.
■
-
4s^...w,^_,„ww,_194?
deb
deb 4s__^^i,__^T^__1956
ADebenture certificates, 3Vis_T,vl956
104
104
deb
ANon-conv
103%'. 106%
100% 100%
A-O
—1966
122'A
89
77
88
ANcmrconv
127'A
71
36
89
ANon-conv
■
110'%
43
Haven a Hartford RR-—
X New
ANo«-conv
119%
15.
10
119'A
F-A
_____1S63
Louisiana & Ark 1st 5s series A—1969
Louisville Gas & Elec 3'%s
78
101'%
1
81'A
80'/a
ANon-conv
123'%
119% 119%
M-S
debentures
3s
57
9
106% 106%
*106% 107
*106% 106%
M-S
1949
1949
1951
gold 4s
48%
*109
M-S
ref
Guaranteed
JN
46%
42%
64%'
74%
119% 120%
120%
A-O
Long Island unified 4s—_—_—_1949
4s
36%,
25
*126
A-O
43 %
35
46%
74%
M-JV
A
series
109
39%
.
45%
:
__ia62
4s
gen
40
*36
modified
Miami
initio
35
38%.
39%
M-N.
—_2003
2003
—2003
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern. 1st 50-yr 5a gtd
;_196&
Liggett & Myers Tobacco 5s
_1951
modified—
registered
stamped
4'/as
5s stamped
r
103
—
109'% 109'%
109'%
m-n:
M-N
106'%.
102
*109'%
j-j
High
104
*108
j-j
2043
Mtge- 4s series B
,____2043
N Y iapk & West 4s series A„w—1973
4Vis, series B
44%
*34
j_2003
m-n
gold 3—,200d
Mtge 4s series. A
I
80%
35%
.
Y ft Harlem
N
low
High.
tow
Lenign
4s
Sold
?
High
56
Range Since
January 1
Bonds
Sale Price Bid & Asked
Period
January 1
No,
65%
Last
Interest
Exchange
New York Stock
Range- Since
Sold
Uiah
tow,
65%
teh Val Harbor Term, gtd 5s___
Valley RR—
stamped, modified—,_____„_2003
Bonds
Week's Range
or Friday's
Friday
BONDS
Week's Range
Friday
BONDS
New York Stock
20%
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4333
Volume 160
56'%
;
74'%
i
j-j
*18
j-j
m-n
102%
j-j
*105'%
1
__
104
108%,
105 Vi
105'% 105%
105%:
105'%
-
_
*1035/a 104
••
110'%;
103%
104
*102
V
j-j
21%
111'%.
104%
30
*105% 107
j-d
Guaranteed stpd cons, 3s_—__—1
15%
108 Va
19'%
-
109% 110 »A
110
j-d
108
Vi'
■
Missouri-Kansas-Texas RR—,
Prior lien 5s series A—___
1962
-
1962
40-year 4s series B—
Prior lien 4%s series O— _—1978
A
adjust
Cum
series A— Jan 1967
5s
•
62 »A
J-J
_w..1965
—,—1973
& ref 5s series A—
4s—i
AGeneral
A 1st
ref 5s series F_,——1977
&
A
——
&
63'A
66%
J-J
75 Vi
67.
49%
F-A
69%'
68%
77%
53.%
641/2
;1
t
25%
24%
26
69'A
68
57
36
57%
50
56%
72% i
480
22 Va
30
F
69 Vat
94
69%
Af-S
4
,
48% ,49%
Af-S
64'%
14
A-O
^Missouri Pacific RR Co—
A 1st
20
73%
75%
J-J
f
Pacific: Coast Co
Pacific Gas & El 4s
/
•
69%
613
56%
73
72%
I
13%
,
M-N
Af-N
11%
10%
11%
"54.
gold 5s series H—__198<)
A 1st & ref 5s series I—
1981
Moh'k & Malone 1st gtd gold 4s—_ 1991
Monongahela Ry 3'As series B_—_1966
Monongahela W Penn Pub Serv-
A-O
69 'A
68%
69%
-84
56'%'
72% i
F-A
69'A
68
69%
455 ;
56'%,
723/4 |
73% 5
-I960
A-O
108
3
108
—1965
A-O
111% ,111%
5
Ill
—1966
33As
—1951
Montreal Tramways 3s ext_
Morrell (John) & Co 3s debs—
1958
Morris & Essex 1st gtd 3Vis—_2000
ConstT M 5s series A———1955
Constr M 4Vis series B——1955
Mountain States T & T 3Vis
1968
Mutual Fuel Gas 1st gtd 5s,.1947
J-D
105% 105%
12
1st & ref
mtge 4 Vis
lst
debentures
6s
Montana
—
Power 1st & ref
69%.
69%
68
-
231
56?%
9'V
'
MS
70% .72%
i
•'
' 4
60
24
*107
F-A
104'A 107
108
t
■
*95
101 Vi
101%
59%.
58 Vi
M-N
65%
65
M-N
61
60
3-D
96 3A
94.%
101% j
-48%
63'/a
36
47 'A
69 Vi
5
113
43'%
65
{■.
%
61/-.
4
108
*110'A 110%
M-N
Pennsylvania Ohio & Detroit RR—
1st & ref 4'%s series B___—__4_198l.
100 Va
108% 108'A
108%
J-D
65
'
109
i
1st
■
41/2S
112
Cons
Nash Chatt & St L 4S series A-,,. .1978
Prod 3Vis debs- .1960
Prod 3'As.debs__— 1949
Dairy
Nat
Distillers
Steel 1st mtge 3s—___. .1965
tANaugatuck RR 1st gold 4s_—, .1954
Newark Consol Gas cons 5s—>— .1948
National
1 ANew England RR
A Consol gtd 4s—
gtd 4',is series B—
T—
gtd 1st 4s_——
New Orleans Great Nor 5s .A—
N O & N E 1st ref & imp 4'%s—
1st
N J Junction*RR
§ANon-cum
Af-N
F-A
.1983
J-J
series
19
105
•'
103
102%
103
17
106
106%
;
93!%
——
71%'
71%
16
62
70'%
83%
A-O
71
6i
.1935
-'1954
A-O
81
83%
84
7V%
71'%
82 y2
F-A
1956
F-A
A-O
83
80
8Q
~3
"
of
ACertificates
of
;
79%
deposit—
79Vi V79%
10
84
*71%
4'%s
;—___.
1945
F-A
75
A-O
71%
C__T__i__. ,2013
A-O
77%
Ref
Ref &
imofc
5s series
Conv secured 314s—, ,1952
85%'
.1997
J-J
92'A
registered.——_—1—
3Vis
N
5Vis
lien
79%
76
73-
74%
F-A
*68%
63
81%
87-C
102%
83%
22 '
series C
&
ref 3V4s series E
M-S
102
A-O
.1965
A-O
F-A.
.1965
3Vis series D_
1978
1.951
—
1st. gold ,4s_—
107%
.1947
—_________
A-Q
A-O
.1966
Purchase
money
For footnotes
gold 4s—
see
page
2096.
.1949
■?
■
107% 107%
101% 102
f
100% 100%
108'A
99
108
•
97%
108'A
99
-
78%
-
U0
105%
99%
43
109
r—
76%
76%
36
_
L.
74
112%
105%
953i.
49
87'%
38
82
105'A 105%
4
99% 100
%
117%
104 W
23'A
.
100 Vi 101'A
99
101
105%.
117'%'!
55'%
1
47'A
104- 105
104
92'A ■'
*131%
*126'%'
;
73'/a
MS.
1946
...
•95%. 108
30%
87
100%
105
78%
102Vi t
102% f
109
f
1093a
106.
llO'/a S
115%
109% 111:
:
i
189
30
31'A
236
!
126'%'
105%- 109'%
101
38'%
17'%
31'A
105%
106'%
5
104'%
14'%
15
6
7%
15'%
15%
2
6'/a
101 % 101 '/a
10
100'%
101%'
103
104
104
104'%
112'%
1:12% 1
f-a,
■
N
*103
__
•
F-A
I"
guaranteed,, Us—_;1.960
F-A
*114'% 117
..Series I cons 4'%s—___1963
:F*A
■
11'2
--
115
124 V4,;
7
1163%
1275), '
4
116
13034
37
102
105
9
102'%
1053%
1013% 105
*123'%
126% 126%
M-a
103'%
103% 103'%
4'%s______,__195ft
1st mtge 4Vis series B—__.__^__195Q
Pitts $ W Va 1st'4 Vis series' A,~^1958
1st mtge 4'% s series B__
—_1959
J-D.
103%
103% 104%
J-D
103%
103% 103%
2
75%
76%
37
59'/4
75%
76
10
58'%
77
21
58.
~
A-O'
,1960
1st gen 5s series C______,
1st. 4yas series D__
,1962
;
76'%
77
3-D:
ft Ash 1st 4s ser A_<_1948 /
1st gen 5s series,
Pittston Co
:
it
:
F-A
,_1974
75%
,
"
107
107'%
ii
"
83'%;
83
,83
:
121'% 121'%
*122
J-D
5'%, ino deb___:—___rJ964
t
J-J)
96-
96 ' - 96%
31
86
i
107% '
-J-D
,_1977
129% 130
*106"
114
123'% /
1952
1st mtge 4 Vis series C
<
122
-
129Y8
1st mtge
i
123
*-122
-
19%
17
1133%
I'O
Pitts Steel
74
104
15'%
105'A 105'A
105'A
*113'/a
& Iron conv 4Vis A
104
143A
MS
M-N
cons
:
132
1
104
*112
Pitts Young
113%
74
J-J6
!
99
2
104
.
107
121
•
r
26
71'A
'■
J-J
Pitts. Coke
;
—
-108%
108
3 08 3A
103'%
131
—
101'% 101%
'
j-j
stamped—973
Series H
105'/a
1?
106
8
*106
j-j
73%
2
97
34
.
46'%
763/a
M-N
10
47
115%
109%
J-D
108'/a
126%
103% 104
j-d
Gen -mtge; 5s teries A
—^^___1970
Gen mtge 5s series B—1975
108
125
119'A '
115 VA
-
j-j <
Series J cons guaranteed 4y2S__1964
113% 113%
110
;
79'%
*105% 105%
121
109
•
f-a
84
A-Q
110
:
78%.
J-D
F-A
5s,
series
'
26
7
17
.
-
103'% 104'A
103'%
m-a
697/a
-
109%
107'%
98'%
36
115'A 115'%
j-j
62%
2
109%,
108
.
.
70
115
3"J
65
28
110%
108
3
108
317% 117%
104
f-a
63
-r
106%
106'A
Apr
-/
205
110'A
39
12334 123%
a-q
■
69
108%
108 VA
125'A 126-
a-q
7
,
109'%.
105'%
108%
J-J
1
26
V.
.
■-
109%
39
106
117 %
M-N
■97'%
37
69%
N Y Gas El Lt H ft Pow gold 5s__ .1948
,
-
74 ya
121
80-:'
76
80
.1974
series A_
N Y Edison
1st
F-A
78%
365,-
92'A
F-A
%
56'%
I
mtge 3 Vis extended to
Dock
Y
92%
«
F-A
.1998
Connecting RR 3 Vis A
N Y
,96% •97
59
-
Chicago & St Louis—
Ref 4Vis
1st
570
1998
gold 3.'%s_—
3%s registered
Ref
395
..
1998
gold 3'%s__
registered—
New York
75%'
.1998
Lake Shore coll
Mich Cent coll
■
102 v* 103%
96%
85%
l
72
70.
75 y8 --77%
Af-N
J-J
3 Vis
,
.
111%
106
22
*108
'
a-o
tl A Philippine fty< 1st s f 4s______1937
ACertificates of deposifc_____—_—
Phillips, Petroleum 2%s debs______1964Pittsburgh Cine Chi & St Louis—
Series D 4s guaranteed—_—___1945
Series E 3'%s gtd gold—1949
Seriis F 4s guaranteed gold_,__1953
Series G 4s gd^aateed—'
78
.
ref
5s
AConv deb 6s—
87
74 ;.«
:
101 Vi'
108
'
106'/a
'
a-o
Philip! Morris Ltd deb 3s____—__,1962
3s debentures
____1963
••
73%
.....
Cent & Hud River .3Vis——• 1997
N Y
.
*101
„
Central RR 4s series A——; .1998
& impt 4Vis series A—— 2013
N Y
,
J-J
8Q
73%
27
a
81
69 %
68'%
82'A
84
deposit
Newport & Cincinnati Bridge CoGeneral gtd
-
*70
A—_—
5Vis series
ACertificates
;
,
82'%
71V%
deposit—I—
—.—
75
72
■
,
of
100%
"l
106%
108
■'
j-d
B________a,i__1974,
General gold 4'%s series Q__4r-197T
Philadelphia, Co coll tr 4y4s__,___1961
Phila Electric. 1st & ref 2%s____l971
iPhlladelphia & Reading Coal—
84'%
*71Vs
1956
1954
————
116'A
109% 110-
109'%
m-s
General
deposit—-,-,.
C—
103'%
106%
deposit—
105'A
113%
105'%
20
4Vis series D
Alst
88
94'A
106
of
ACertificates
Alst
126
,88
•
103
'
.
105
106 'A
J-D
Phelps Dodge conv 3'%& .deh____;_l952i.
Phila Bait &. Wash 1st. gold 4s—
117'%
122'%
*91%
*104
96
114'%
-
*123-v 123%
J-J
ACertificates of
5s
115% 116
115%
84'%
deb
4
109 y2109%
J-D
:
__
102%
*108
f-a
Peoples" Gas L & C ref GS—rr-—3—194?
Peoria, & Eastern 4s ext,______—1960
AIncome 4s_—__——Apr 1990
Peoria & Pekin Union, Ry 5'%s____1974 ;
Pere Marquette 1st series A: 5s_,i_195.6.
1st 4s series B__—^_____r______1956.
1st gold 4y2s series, C-_---__,—198ft.
96'%
84-
7
J-J
1st 5s series B__.
Alst
116
96.;
.1952
Mexico Ry
inc 5s series A-,-.
ACertificates
113'%
~9
95% '96%
Conv
1984
3'As__—_____——1952
106
110
103%
106%"
a-o
1976
110%
106
*—
M-N
____;__1981
Gen mtge 4'As series E
110
108%
*105
m-n
•
105
.,
gold 4'%s—
General 4'As series D.
106
99%
95
INew Orleans Texas &
A
103'%
1st gtd 4s.—-., .1953
Orleans Terra
New
7
5;
105-
*113% 114%
96%
Debenture^
108
105
J-D
.1986
93%
82
105%
102 y4- 103Vi
105% 106
106
J-J
.1961
14
9-,
J-J
England Tel & Tel 5s A—— .1952
New
13
102 Vi 102%
3-D
.1945
93%
107%
92%
107
Af-N
.1945
gtd 5s__—2_
92%
107%
108
2
__
1113/4' -'111% 111%
f-a
1968 :
series
5s
103%
*
114%
f-a
sinking:fund 4'%s_________196a
4'%s series A—
1965:
13
106'A
106'A
*114
-
j-j
.
104
'*102
j-j
.
1974
debentures—
General
Af-S
A-O
L___1968
ser. D
General
F-A
3-D ;
3%s
-
Pennsylvania RR—
Consol gold 4s
1948
4s. sterl 'stpd dollar_____May 11948.
Gen mtge.33/4s series C_____i__1970.
N
Nat
ref
12
104 'A
■*—
■
j-d
Penna Power & Light 3.'%s______i_1969
-112%;'
110
&
_i
m-n
^„196G
ill
*108%
■
J-d
Gtd 4s series E trust, ctfs_______1952
118%:
107
108% 108%
-
m-a
:
106 Va
16
103% 104%
M-N.
Pennsylvania. Glass Sand 3'%s_
•
__
__
.
32
104
,
3-D
Pennsylvania Co—
?
'
Guaranteed 3'%s trust ctfs D___1944.
!
—
J ~Jt
1960
Paterson & Passaic G <fe E Qons 5s_1949
100
—
106¥a 106'%
307% 108
A-O
1966-'
1966
98
*99%
106'%
J-D
Panhandle East P L 3.4,
.101
;;
60
3Vis series
114% f
-
105'%
95%
101
J-J
Af-N
Ref mtge
\
111%
J-D>~
'
3-D
J-D
G___
Paducah & 111: 1st s t gold 4.V/2S____1955, :
|
'
1964
series
Pacific Tel & Tel 3 %s series B.i
'
72 Vi
j.q
1948 '
1st. & ref mtge 3s series J__„_.,__197a :
1st ii ref M 3s series K__^.______1971
•
ref 5s series G————1978
A
gold 5s___
1st, & ref mtge 3'%& series I_I___1966
s
gold 5Vis——1949
1st
AConv
1st
96%
YORK BOND RECORD
NEW
RANGE FOR WEEK ENDING
-
BONDS
1st &>
2037
—2037
ref mtge 5s_„———
1st &
v
mtge
rel
'1st & ref mtge 8s
J-J
106
101
109%
100 %
102 V4
*99%
*110%
-110%
110
•
—
148 Vi
106%
18
107
107
*
107%
104 Vi
107%
102%
106%,
224%
224
Q
100
99%
11
100
Texas
100%
Pacific
at
&
Gen
ref
1st
5s
A-O
1053%
105% 105%
lggfl
Jf-N
105%
2U00
J-D
1977
—
A-O
105
106%
43
105%
106%
126
1
115'/a
126
99 Va 100
59
81'%
100
79%
80%
99%
103'%
104%
126
993%
coll 4a—
Reading Co Jersey Cent
,1951
103
105
106%
97
18
102% 103
94
J-J
106
104 % 106
52
J-J
105 Vi
105% 105%
44
94%
.1956
J-J
107% 107%
10
104%
103% 103%
19
101 %
103%
Rand deb 3Vis—
3548
t§AEio Grande West 1st gold 4s_.
A 1st cons & coll trust 4s A
Rochester Gas & Elec Corp—
Gen mtge 4 Vis series D———
Gen mtge 3%s series H
Gen mtge 3 Vis series I
—
Gen mtge 3'As series J—w
t§AR I Ark & Louis 1st 4%StARut-Canadian 4s stpd
—
j§ARutland RR 4Vis stamped——
I960
M- N
1939
103%
J-J
1949
C
1979
A-O
9.9%
99
993%
ref
series
D__.
1980
J-D
99%
99
99%
42
Pacific-Missouri—
Pac
106'%
107%
Copper & Brass
series
&
Texas
A-O
.1997
ttcvere
ref 5s
Gen
;liGeri th ref 4%s series A
.1997
v Gen & ref 4%s series B—U—.
Remington
&
55
A-O
81
96
62%
64%
86
Ave
Adj
Toledo
1977
M-S
MS
1967
*125%
*111%
1967
66 %
Toronto
Ham & Buff
Trenton
Gas
MS
1934
MS
1949
i-J
1941
j-j
Ltd 1st M 4y«s—.—1966
Grand Island 1st 4s
1947
& Adir 1st gold 5s.
—:1996
111%
48%
*14%
&
Jos
—199®
a-0
gold 6s
JSt Louis Iron Mountain &
River & Gull Division
t
11
16
1945
F-A
debentures
J-J
44%
46
(Oregon
1st 4Vis
Gold 4•is
Gold 4Vis
Fran
San
70%
86 Vi
r
53
82 Vi
59
59%
27
38%
103%
Term
;
104%
103Vi
128 %
128 %
76%
75%
77%
91
34%
192
Cons
Pwr ,3Vis
&
Va & Southwest 1st gtd 5s
&
——1958
5s
cons
gen
Devel
&
gen
6s_.
Devel
&
gen
1868
U-B
1971,
J-J
Virginian Ry 3%s series A—
.
Mem
Div
1st
Southwestern
1st
ref
&
—
debenture
2%s
RR
1st
ref
100%
104% :
F-A
Western
1st
23 %
6
23 Vi
68%
2
t A Western
Western
52%
Vi
103
103 3%
105%
106%
123
106 %
124
w.
109
105%
109%
95%
101%
94-
15
107% 108
100
107
5
107% 107%
93 Vi
69
322.
92
91
92%
M-S
88%
87
88%
124
66%
:
Pacific
86
85
86%
368
65%
86%
143
65 3/4
86
1
101 s/8
129
91%
85 %
843A
85%
107
107
103%
103% 104%
119
118% 119
93
94
1st
B
of
ACertificates
of
ACertificates
A-O
109
113%
113
114
*116%
10
92%
96
114
107
*110%
'
107 %
1
109
112%
4
107
.
—
'
106%
107%
110%
1113/4
__
98% 102
M-N
107
77%
102
•
r
101
Vi 10834
102
107%
100%
107 %
101
102%
J-D
106%
106 Vi 106%
15
107
106% 107%
23
M-N
J-J
68 %
J-T
64%
M-S
*102% 102 3 4
68%
66%
46
55%
64%
55
53
69%
110
111%
63%
*109'%
103%
J-J
65
91%
103% 103%
8
101%
104%
118%y
72%
182
J-J
57%
M-N
18 %
deposit
70
14V4
25
19
74%
00'%
71%
72
*65 Vi
22% "
14%
*16
18
.
*108% 109%
1971
J-J
1960
M-N
109%
110%
*109%
A-0
>1968
107%
111
101%
106
—
X
Youngstown Sheet & Tube—
1st mtge s f
3%s series D
Deferred
delivery
sale
not
included
104% 104%
In
fThe price represented Is the dollar
Accrued interest payable at the exchange rate of $4,8484.
^Negotiability impaired by maturity.
pound unit of bonds.
^Companies reported as being in bankruptcy, receivership, or
Act, or securities assumed by such companies."
103
103
4
102%
104
104%
104% 105%
11
104 %
106 Vi
•Friday's bid and asked prloes; no sales being
-1953
J-J
3 03% 104%
2
102
105%
ABonds
not
sals
quotation per S00"
reorganized under Section VT of
the Bankruptcy
F-A
J-D
103
104%
the years range,
d Ix-lnterest.
e Odd-lot sale
Included In the year's range,
n Under-the-rule sale not included In the year's range,
r Cash
not included in the year's range,
y Ex-coupon.
»
a
„
transacted during current week.
selling flat.
NEW YORK CURB EXCHANGE
AND
WEEKLY
NOTICE—Cash
in
the
in
footnote
a
and
deferred
delivery sales
week
which
in
they
are
occur.
In the following extensive list we furnish
Nov.
4,
include
and
ending
the
present
a
complete record of the transactions on the
(Nov. Z10,
Friday
security, whether stock
every
RECORD
YEARLY
disregarded in the week's range unless they are the only transactions of the
No account is taken of such sales in computing the range for the year.
1944).
.
It
'
;
t;;
week, and when selling outside the regular weekly range ere
ehowh
,
Saturday,
to
New York Curb Exchange for the week beginning on
compiled entirely from the daily reports of the Curb
Exchange itself, and is intended
dealings have occurred during the current year.
bond, in-which
or
is
ra^ge
for week ending November i<>
________
rnu'C'
"TOCKS
New
York
Curb
Friday
Last
Exchange
Sale Price
Par
AGF-Brill
Acme
Aero
Wire
Motors
Co
warrants
For
footnotes
page
400
26%
50
—
,_l
50c
2101.
2Va
22
19 %
9
Corp
see
2%
2%
93/4
1
Sep
Jan
Sep
Air Investors
26%
Oct
Convertible
21
Jan
4% July
3%
700
3%
Jun
500
6%
Feb
10
Feb
13%
Oct
Jan
8%
Oct
li%8
12%
1.5uO
6%
7%
21.600
Last
Exchange
x8%
2
Jyly
Air-Way
Electric
Alabama
Great
Power
3
Appliance
Southern
Co
preferred.—.
$7
Range
Sales
for Week
Shares
50
preferred
2%
2%
700
Allegheny Ludlum Steel 1%
3%
102-
3%
3%
1.000
pfd
Jan
Jan
2%
Apr
260
89
Jan
114
100% 102
•
100
2
35
2%
Feb
104% Mar
115'
113
January 1
High
Low
*
„
Range Since
Hia*
10
preferred.—
Alabama
Sfi
2
common
Week's
of Prices
Low
Par
pen
.9%
'/8
Curb
Sale Price
734
9%
7%
York
High
Low
3%
i
Accessories
New
Range since January 1
Uigh
l
B
Ainsworth Mfg common
Air Associates Inc (NJ)
Aircraft
Shares
Friday
STOCKS—
Sal»«
for Week
26%
2%
1Q
Supply Mfg class A
Class
Range
Low
1
common
Week's
of Prices
'
100%
99% 100 %
100
A-0
1936
72% 1
116 %
M-9
deposit
Elec Power 3Vis
•
,'
7
107% 107
M-9
—1949
Wisconsin Public Service 3%s
60
49
5
51%
50%
WW
115%
100%
WW
.
109
1C9
J-J
100%
1
;
—
105%
98%
109
13
,
105% 105%
M-N
94%
73%
108 34 109
A-0
88%
9
107
120
105
26
63
170
,
—I960
4S
§ASu & Du div St term 1st 4s
Wisconsin
109%
112%
'
—
f A Wisconsin Central 1st 4s.
119
117%
109'%
106% 106%
102
,
106%
105%
105
,
*
101
19
Co—
105%
146
94
105%
J-J
M-S
,
m%
„
118
109% 109%
A-0
__1952
——1977
5s ser A—1946
1st
Telegraph
Union
—
88%
M-N
4s—
Funding & real estate' 4Vis——1950
25-year gold 5s
.——1951
30-year 5S
—I960
Westingbouse El & Mfg 2VaS-^
1951
West Shore 1st 4s guaranteed
.2361
Registered,
2361
Wheeling & Lake Erie RR 4s_—
1949
Wheeling Steel 1st 3%s series B
1966
Wilson & Co 1st mortgage 3s——1958
101%
100
1st
5V2S series A
*99%
118
53
102%
98
.
*106% 106 Vi
,,
105%
103
*103% 103%
*126
Maryland
102 %
70
3Vis series I
Power
ref
100
"I
106
&
102%
100%
104% 104%
68%
Penn
__
100%
101
*100%
J-D
1
84
102
38%
49%
102% 102%
J-J
.
gtd-.
5s stpd
3%s
mtge
89%
95%
4
100% 101
*49
1966
30
16
56
F-A
67%
101% 101%
68
J-D
54
WW
11
5
gtd gold 3%s„2000
1948
Warren
w
1961
•
111
42
100%
4s
62
Apr
1063%
78%
A-O
Gen
M-9
Spokane Internat 1st gold 4Vis__2013
Oil of Calif 2%s debs——i-1960
Standard Oil N J deb 3s—
8
88%
iaoo
1st mtge
1950
1967
23%
*99%
Stand
13
102%
78 %
F-A
24
1972
;
08
80
97%
77
Apr
Q-Af
•37
1968
4s
Pub Serv
„
88
Apr
A__:
Washington Central Ry 1st 4s
23%
ww
:
107%
100
*108
97%
102
1981
4s inc series
77%
20
*101% 102%
J-D
!
101
90
102
»
mtge
Winston-Salem S
Bell Tel 3Vis B—1964
106%
108%
mtge inc 4 Vis series B__—1991
West
'•
111 3/.
104%
2
101
112
106
108
Gen
67 Vi
Ww
99%
108
Gen
'
42%
'
3
12
97%
34%
66%
J-J
97%
W
4».series A
niiee
Westchester Ltg
J-J
3s series C_.
Southwestern
A
gold 5s__
Div 1st gold 4s—
Louis
St
.
104%
101%
Wabash RR Co—
48%
j-d
.—1951
6Vis
4s series A
105'/«
101
112
106% 106%
105 % 105%
A-O
34
A-O
110% 104
101%
28
99
101
21 %
23%
J-J
98%
*112
J-J
2003
-
J-J
Devel
12
105%
A-0
43
19
34
j-j
1994
—1950
1956
—1956
1990
Ry 1st cons gold 5s>
Southern
9
106 %
MS
43
■
109%
~3
*108%
1st & ref mtge 3s series D—j—1974
Va Iron Coal ta Coke 1st gold 5s„1949
.
27%
24
J-J
f-a
MS
28%
A-0
98%
M-3
M-N
673
M-N
111%
•.
101% 101%
1957
series B
123
F-A
1950
1955
1st 4s
104%
—1968
series B
f 4s
s
48%
F-A
-1979
108'%
*106% 107
A-O
IIZIy59
33/4s debs-
Pictures
48
107%
106Vi
7
110%
110
*
bonds
Universal
107
102 Vi
106
110
102%
101%
47%
lis
A-0
108%
20%
6
105%
106
104% 104%
46%
33
.33%
A-0
106%
112
"
11
105
106
F-A
48 Vi
33%
34 Vi
F-A
52
106% 107
106J
A-0
Washington Term 1st gtd 3Vis—1945
1st 40-year guaranteed 4s
1945
j-j
10433
A-O
J.
76%
43%
6
75%
76%
4-0
102'%
1958
105 %
126%
__
104%
76 Vi
101%
w
lOQ'i
M-N
1971
f
38%
30%
102.
"*„
j-j
w
103% 103 »/4
j-j
—1970
.
64
104%
92
2
100
38
36%
J-J
'
107%
f
*104
F-A
"
'
18
—a-1951
106%
97
16
*
lis
'
110%
101 Vi 101%
1st
15
4-0
1945
RR 1st ref gtd 4s
Pac
;
15
A-O
Aug 1949
——1949
Lines) A
1977
—————1968
—■—1969
1981
Gold 4 Vis—
i
63
37%
A-0
4-w
106%
103 V4
A-O
Walworth Co
Pac coll)
registered
37%
.
86%
Pacific Co—
(Cent
South
28 Vi
104% 104%
m-n
deposit
series A—
of deposit—
debentures—:
Southern
4s
34
M-S
}§AAtl & Birm 1st gtd 4s_
1933
jASeaboard All Fla 6s A ctfs——1935
A 6s series B certificates-* —
1935
Shell Union Oil 2Vis debs———1954
2%s sinking fund debentures
1961
ASilesian-Am Corp coll tr 7s——1941
Simmons Co debentures 4s
1952
Sioux City & Paciiic Div—
See Chic & Northwestern Ry
Skelly Oil 3s debentures
—1950
Bocony-Vacuura Oil 3s debs—
1964
South & Nor Ala RR gtd 5s—
1963
South Bell Tel & Tel 3Vis
1962
4s
1.254
37%
A-0
ACertificates
3s
48%
28%
62
104%
F-A
1947
grant 4s———.
Cigar-Whelan Stores 5s.
Drug 3 Vis debs__
Va Elec
86
59 Vi
j-d
22
111%
-J.-1952
:
104% 105%
63
j-j
WW"
105 3/i 106%
*—
*
j-j
47%
{ARefunding 4s
of
36%
■
—
Vandalla RR cons g 4s series A—1955
10
37
86
1950
1950
1959
unstamped
stamped-—
6s
50
48%
36%
105%
103%
101%
.
i
46
326
37%
j-j
|
46%
32%
49%
36%
j-j
P&KCShL gtd 4ViS—1941
Bt Paul Union Depot 3 Vis B
1971
Bchenley Distillers 4s s 1 deb1952
SciOto V & N E 1st gtd 4s
1989
tSeaboard Air Line Ry—
cons
33
1.582
36%
37 Vi
m-n
tfiASt
ACertificates
]
41
36%
1989
1033%
120
.•
■
48
49
us
1978
bond ctfs
—Nov 1989
IA 1st term & unifying 5s
—1952
AGen & ref gold 5s series A—-1990
St Paul & Duluth 1st cons gold 4s_1968
Alst
^
107 '/a 107'%
J-D
Called
100
94
land
United Stockyards 4%s w w_
102 Vi
47%
A2d 4s inc
§A4s gold
*
89%
46%
44
j-j
.
40%
Pacific RR—
&
United
100%
97%
46
j-j
1950
tSt Louis-Southwestern Ry—
1st 4s bond certificates
§Alsfc gold 4s
95
93 Vi
deposit stpd
ACertificates of
8
2
45 Vi
ser
4Vis series A—
ACons M
99%
*91%
ACertificates
104
1980
Ref mtge 3%s series A
:
United Biscuit 3Vis debs——. —1955
76%
100% 100%
99%
;—1950
A—
of depositA prior lien 5s series B
ACertificates of deposit
lien 4s
APrior
99% 100
100
MS
101%
«
J-J
.—1967
34-year 3Vis deb
35-year 3Vis deb
77
95%
160
5s__.
of Calif 3s deb—
Oil
Union
United
1st mtge 5s-—->—1959
Bt L Rocky Mt ft P 5s Stpd
.—1955
jSt Louis San Francisco Ry
3
A-0
1959
gold 5s
t§ A Union Elev Ry (Chic)
106
62%
*77
M-N
104
*—
i
M-S
M-N
108 V*
63
76
76
76
96%
U
17 %
106
■
Bt L Pub Serv
.-
1st
Elec
1971
19%
105
108%
.*__
deposit-.-.
,
&
Union Electric Co of Mo 3%s
Southern193J
.§ Alst 4s stamped
ACertificates of
J-D
1st gold 4s—1946
•
50 Vi
12
*106% 106%
j-j
30%
4
102'% 102'%
102%
A-sJ
110%
39 %
153
15%
*15%
j-j
58
141
111%
107%
50%
50
88'%
39%
—
*108% 110%
4-0
Baguenay Pwr
Lawr
t
1949
—1953
1st
2d
West. 1st 4s_—1950
&
88%
71
85%
38
38%
J-D
ref & impt 3%s„1960
M-S
1969
104
10334 103%
86
A-O
Jan 1960
5s
Cent
Louis
St
Union
Bt
J-J
i960
ref 4s
1st
*100
;
Tri-Cont Corp 5s conv deb A
64
3s
St
Ry
income
Ohio
to
99%
'
J-D
Orl 3%S—1974
of New
'
Tnl
96
44 Vi
5
94
Tenn RR
Thau
A
5s
10434
91%
31
,
Gen
R
105%. 106%
15
105% 106'%
B-
113
w-
104'% 104%
1959
gold 5s_
series
118
111
•'
*107'%
104%
—
117
111% 112
F-A
Company 3s deb
debentures
1
.
1.
J-J
Ttxarkana & Ft Smith 5'/as A
3s
^
4
120
*117
■:
.
1
s
■
•
J-J
gold 4s
u.1953
Ref St nnpt mtge 3%s series B—1974
;_1950
Gen
.
—
refund
5s—-_i_1951
of St Louis—•
RR- Assn
Terminal
147%" 148 %
—
*222%
J-J
1964
deb
106%
*103% 1033/4
*106'
Af-N
98% 100%
—
Texas
Quaker Oats 2%s
High
Low
103% 105 %1
30%
17
21 Vi
*20%
„
.6
103
•
J-D
J-J
Range »uice
!
113%
102
„
M-/V
fenn Coal Iron & RR gen
105%
113%
debs
No.
104% 105
J-D
—1959
Superior Oil 3 Vis aebs.————1956
Swift St Co 2% 8 debs
*
—1961
Oil Corp 33%
Sunray
108%
%
M-N
J-J
,
1
UUih
Low
January 1
Sold
Bonds
Friday's
or
High
99%,
9
*__
JW-N
M-9
J-J
3%s_——1968
36——1973.
Low
No
Week's Range
Last
Interest
January I
""113
102
Friday
SalePrioe Bid & Asked
Period
New York Siock Exchange
Range Since
Sold
103% 103 Vi
108V4
__
■
F-A
Public Service "El & Gas
Bonds
104 % 105%
104 %
M-S
J-J
J-J
—1960
1st 5s extended to__——.,—;—1950
Potomac K1 Pwr 1st M .3,Vis—t_—1966,
1st mortgage 3%s_—
1977
Pressed Steel Car deb 5s_.
I—1951,
? A Providence Securities 4s
,-1957.
JAFrovidence Terminal 4s——1956
1st, 4Vis
Portland Gen Elec
NOVEMBER 10
BONDS
Week's Range
or Friday's
gale Price Bid & Asked
Low Miah
Period
1
Friday
Last
Interest
Slock Exchange
New York
Monday, November 13,1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
2096
40
lll'A
Oct
3
Oct
3534 Jan
4
July
102
Mar
118% Jun
107% Aug
114% July
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 160 ! Number 4333
NEW YORK CURB
RANGE FOR
Friday
«T<»CK8»—
New
Curb
Ybrk
of Prices
Par
Alles & Fisher
common
A
Conv
6%
Aluminum
-10
26'A
A
1 26
-
Jan
35 A
Feb
600
20
20
100
86
1,250
73A
50
95%
Aluminum Industries common———*
Aluminium
Ltd
preferred—
6%
.100
«...
Jun
109
'
109
May
Jun
Nov
115
20
Voting
Aug
*
14%
Cables
109
trust
&
1
dep rets 5%
Sugar Estate
Calamba
California
Nov
Callite
Book
American
1%
1
—:
39
Central
American
Mfg—:
—1
& ^lght—
class A—
.23
Cities
American
Convertible
Class
1
—
Cyanamid Co common-—10
Foreign Power warrantsFork
Gas
42%, Aug
Hoe
&
—*
common
6AA
convertible
Jun
45
35 A
Jan
42
A
Canadian
Class
A
Class
B
3%
4,900
1%
Feb
3%
2,300
35%
Oct
36%
Oct
A
7,400
A
Oct
1%
Jan
18%
350
15%
Jan
32
32%
5,100
275
Nov
8
7A
26%
19
Jan
33 A
.
Jan
107
Oct
Capital
Carman
3% May
4
Apr
9%
7%
City
&
Mar;
1
20%
7 a
Sep
—100
—
21
5%
5%
5%
500
•
5%
5%
5%
200
—100
American
Laundry
5%
Jan
350
34%
Jan
40A
25
41A
Jan
46
Apr
19A
Jun
Carolina Power & Light $7
<
xfi
ureferred
150
25 A
Feb
34
Jun
Carter
19
Sep
Casco
Products—
27
Aug
Castle
(A M)
Class B
1%
1%
1%
7,100
1%
16 %
200
12%
American
Light & Trac
preferred—
6%
American
Mfg
20
33 A
25
—25
100
Co
common
17%
common—
33
33 A
17%
18
1,400
16% July
25 A
"Apr
"
~51% "52
15
35%
Jan
88 A
Feb
Aug
54
(J
W)
Co
~9%
~9%
10
47 A
48 A
'60
41
May
113%
30
113
Nov
108 a
Jan
X23
&
—100
—
Maracaibo
American
Meter Co-
American
American
Potash
1
Co—
1%
>—*
w—■
1%
17,300
31A
31A
13
13%
:»(f
32,900
200
:
Republics——....
-10
American Seal-Kap common——2
Amer Superpower Corp com—
10c
1st $6 preferred
;.*
$0 series preferred——
—*
American Thread 5% preferred
—3
American Writing Paper common—*
13%
22 A
w
Jan
Oct
Central
48
July
Central
Power
Apr
Central
&
5 A;
Jun
Cessna Aircraft Co
Jan
% July
^ Jun.,
17 A
19
4A
May
112 a
Jan
20A
4%
600
3%
Jan
V4
4 A
Jan
7 A
July
2% Mar
3 A
Oct
3
Jan
7 A
7
7%
2,900
3%
3 A
3A
300
3
3A
3%
3%
4,400
3
May
10%
10%
400
4
May
Common class A non-voting
—*
6%
preferred—
10
Arkansas Power & Light $7 preferred-*
/■'
Oil &
Ashland
Associated
100
113
13
220
115
2%
20
22 A
Apr
9%
Jan
7 A Mar
22 A
100
7% Apr
5% Jan
11%
3,000
6%
Coast
Line
Atlas
Plywood
75
9
-50
45 '
1—5
11
—1
Corp—
Automatic
Products.—
Automatic
Voting
8A
15%
7A
7%
10 A
10%
31
.
700
5%
•
1,500
1
"
3%
Controller
Co—
—•
27%
17%
Apr
Colonial
9 Va
225
21%
Feb
200
9 A
Jan
15 A
/.
Purchase
17o
for
warrants
common
preferred—.——
Baldwin
Banco
los
American
Steel
Barlow
&
5%
$1.20
——u——i
(L)
Beau
A
1
——!
&
Hedges
IV
3%
3
A
3 A
Jan
9
9%
10A
Jan
13
5
A
5A
5 A
t
5 A
17 A
17A
200
!
25 A
25
4%
5 Vb
17,300
1
—144
144
36
21
20
Gas
AA
~2%
~2
"2%!
14
14
10 A
11A
•
& Co
11%
4,400
■
100
5,600
7 c,'o
$5
10
Breeze
Class
Textile
British
1
common
American
7%
Celanese
British
Class
% May
3
5%
Aug
15% Aug
IE TP
Bruclc
Silk
Co
class A
convertible
52
Oct
17% July
11% Mar
$5
1st
&
Butler
<P
For
Hi
Jan
29%
NOV
;
10%
Jan
12% July
:
5.800
4.603
6 A
Jan
Oct
36 A
'13%
3.400
.2%
3.700
Jan,
1
17 A
Nov
2A
8 A
9%
15 A
16
31A
2.400
31A
600
30
1 %
May
Jan
,8
13%
Sep
18
Nov
Sep
37 A
108%
108% 108%
50
104,
4%
Jun
Ill A
Sep
Aug
5%
5 a
45%
20
■»
;
23 A
-
23%.
100
20
5
.
.100
May
19
17% '20Va
91
91
10.100
10
5
——*
10 A
10%
900
23 A
Nov
26
77%
Jan
92 A
3A
Jan
30
Jan
_23
19%
•
rets
rnmmnn;
page
18%
10%
10%
prior
10
Detroit
De
7 7o
Oct
2101.
%
A Wo
a
a
%
'
<
14
Jan
83 %
Sep
2
175
23
Apr
2% July
Feb
Jan
34
Oct
% Feb :
Jan
90
;
17% July
8% Oct
Jan
1,000
Jun
Nov j-
July
July
108%
Feb
2 A
9%
A
24
9%
23 Va
200
24
.3,100
*
88
Aug
July
36% July
3 a
1%
2,000
9 a
800
3%
Jan
5A
5%
1,000
3%
Jan
,
10%
"3
"5%
700
2
,
24
_2%
•
"2%
200
1A
11
.
Jan
Feb
July
Oct ■:
A
Apr
10
Feb
52
Oct
19%
Apr
26
Jun
14%
800
3%
Jan
16%
Sep
2%
-
14
Apr
70
%
2.50
10
8%
.
10
.
.
3% Aug
-25%
10,300
48
23%
,
Jun
15
Jan
Jun
t
6% July
24%
46
•2 4 a,
—•
.8
9% July,
28 Va Mar
22% July
% Jan
1
9%
,—10
common
Apr
J%
•
5
7%
9%
.
—25
-
.450
4%
3%
8% May
10
Oct 1
;
Oct
Nov- /
400
29
Jan
21%
Nov.;
Jan
36%
Oct-
13 %.
Oct
100
6 %
Mar
5
5%
5'4
200
3%
Jan
.8A
1,400
common.—
—
65
preferred—)
ftifg—
8
A
%'
Co
\
1%
1%
5%
,
.1.%.,
,700.
Feb
Jan
-
%
,
6
1,400
3%
28%
28%
100
20 %
25 A
25 A
100
22
10
6%
•
1
dep rets ord reg
16
Jan
Jun
21
Jan
'
10
—
10% July
79% Feb
Jun
12%
.10
common
July
1% July,
6% July '
Jan
29
Oct
Jan
26
Aug
July
Sep
8 Vb
13% Mar
12%
£1
12%
13%
1,400
•I
18%
Oct
9% Aug
13%
Nov
13
Mar
Domestic Industries class A
Dominion
Bridge Co Ltd
sVo./Nn
Dnrninlrr,
Qtnol
r-ool
H
com
July
14%
12
14 A
1,500
5%
Jan
14%
Nov
1
common
'17
1
Corporation
Xr
Oct
May
Jan.
19
20
Ltd—
Co
84
135
72
_1
...
common—
Shoe
Jan
Jan
5%
19%
18%
19%
100
10%
Jan
19%
Nov
„
1
5
•
Oct
22% May
7%
6%
7%
500
6%
Feb
.
5% July
113
100
4.*
/ Nov;
Jan
12 A
Diana Stores Corp—
(
21
15Va
33%
21
...35
12 A
Jan
4.
24
21
l_
preferred
D'nrunrid
Nov
1% July
(
600
5%
85 A
33%
Products
Co
Am
19%
,,
Apr
a
.
85
5%
Steel
Vilbiss
Dobeckmun
Apr
Mar
12
2,100
1%
85
.
Divco
4 3-0 jnlv
100
1,100
-
12
9%
Detroit;-'M i
"May 1
Oct
3
6
8%
a
50
Gray'lVoft'Foundry
Oct
3,300
A
reg)__£1
Gasket' & '
Jan
3 A
Apr%
14
16V2
7%
33%
common.,
preferred.,.—.
12
3 Vb
16
Jan
Jan
50
108% 108 a
3%
9
preferred..—J+.4fnw,.+.4._50
111
3 A
25c
Inc
convertible
Detroit
10% July
Apr
115
1,500
13
2%
debenture
Feb
1
3,800
2A
;
Mfg class A
Apr
1.600
17%
5%
—.—j.._l
9% May
1%
Jan
Jan
D
14%
1A
9%
8%
•
(Mo)
Co
97%
1%
—
16 A
25o
Lighting
Curtis Mfg
8.300
1.303
2,400
1
common..
250
19%
109 A 110
10%
2%
17%
*
preferred
Tobacco
Distillers
—
Jan
17
108 A
Sugar.
„
Power-
-
Jan
1A
6%
.
50% July
9% Oct4:
114%
...—5
Atlantic
A
Aug
Nov
Jan
400
12%
common
Oil Refining
preferred
$6
6%
Oct
Jan
10
-
600
12%
(Md)
Cuban
Detroit
No.v
15% Sep
21
32
.
6% Aug
9 %
Co——1
Derby Oil & Refining Chip com!
Oct
6%
Feb
International
ncU, convertible
$6
2 A.Tun
1%
19A
1
-
14%
Petrol
Dennison
Nov
A Feb
500
Jan
1%
x5%
*
...
Oct
Jan
3
46%
.9
5 A
.—.5
Davenport Hosiery Mills.
Dayton Rubber Mfg
Class A convertible....,
Dejay Stores
f
Feb
Jan
1% May
6 A
3,500
Sep (
"2%
'
Jun
3%
17
6A
6
„
,
July
20 A
15 A
500
*
see
Nov
9
70
„
Feb
16
18% Aug
*
Sullivan.—"L——2~50
footnotes
a
1,500
Jan
Jun
•Feb
30%
j
Oct
Jun
"'3 %
23
12 A5Jan
Aug :
Aug!
Jun
13%
9% Jan
21A
2%
3%
:
1% Mar
38
118%
67%
17%
(ord
Curtis
Oct
21%
Sep
12%
Jan
Jan
—5c
Cuban
'
2.900
9
Jan
A Mar
Feb
1
Crystal
80
3%
"7 A
A
'
Cork
Crown
24
9
Burma Corp Am
dep
Burrv BlPciVt Cnro
7
•
Cent
Crown.Drug Co
:
100
•
Ltd___._
preferred
Hill
,
210
20
9%
33%
.10
Petroleum.——
Jan
36 A
,
Feb
preferred
dep receipts
Jan
3
Nov
1% Aug
"
American
Feb
Buckeye Pipe Line
Bunker
300
; %
1
7%
-1
common
East
%
Apr
"Oct
July - i
4
«...
10%
—10s
common
Buffalo Niagara &
Si.60
preferred
600
10
Courtaulds Ltd—
Nov
8%
common—
Mills
11%
77%
27%
.
63%
common.
43 %
£1
:
Petroleum
150
£1
Browft Forman Distillers...—.1
$5 prior preferred.
*
Bruce
11%
11%
—•
& Reynolds
preferred A
$6
500
*
;
Brown Ruboer Co
V2
Jan
1131/2
Cor? ton
Cosden
Ltd—
Power
1,000
56A
1/64 JulyFeb,
260
—
15 A
9%
Co.._
rets ord reg
B
%
100
Coro Inc d——
Tobacco-
Columbia
%
;
440
4% July
,;
47% Mar f
1,000
Oil..;
Range Co
Cornucopia Gold Mines..
50 A
———•
Brown Fence & Wire
Class A preferred
20V4
1
9V4
2% Apr
32% Aug
68%
preferred
prior
15 A
..*
-
dep rects ord bearer—
Am
dep,rets ord reg
Amer dep
900
Apr
j,
Aug' I
Feb;
116% ,117%
Cook Paint & Varnish Co
49%
—•
Am
British
4,700
1
& Machine
49%
13
Oil
/(I
27 a
500
450
75A, 77
._10c
Crown
.31
6%
3/64
3%
34A
6%
Sep
..100
C
Co..
Mar
r
600
>;3 a
July j
67 %
Corp..
3
3a
Oct;
12
116%
Copper
Nov
1
8a
-
100
Steel
Sep
Jan
100
26%
1
—
Royalty
Sep
A
4A
Jan
3%
9%
preferred
39
100
July |
100
Fdy
Nov
113
3 a
8%
46 %
36
Jan
28
—*
Stores,
Jan
29%
Nov/. '
Nov; i
39 A
,
2% May
•
Utilities
1%
13%
1
common——
Aeronautical
British American
series
Gas
2.800
107
Jan
Gas & Electric Co—
11%
'
1% July/ u
9%
Jun
27 A
—1
Continental
Feb
Jan
22%
:
Jan
11
33%
1
common
2%
18%
-
A
100
Continental
Jan
.
Jun />
Mar
Jan
30a,4
3%
—25
preferred
2%
•
common
A
L P Bait
series B
2%
20
Co
8
warrants-
Croft Brewing Co
Crowley Milner' & Co
29%
50
33%
...
Co.
July
34
Mfg
3a
25
Consoi
Hep
144
Jan
,
10
—
....
Biscuit
July
107
9
200
Coke Secur common.—.„•
10
_.*
9a
%
100
4
1946
15 A
100
Bridgeport Gas Light Co—
Bridgeport Oil Co
tsnllo
&
to
Apr
—100
Corp
26
1
Apr
6 A
Feb
•
Feb
preferred^——.a.*
Traction Lgt & Pwr——*
Brewster
39 a
4
July:,;;
12>/4 May !1
Jan
4
,
|,.
111% July
6%
18
1%
5
8%
Aug
5 %
118%
7
Mining & Smelt Ltd
Apr
12
400
S
Nov/'
17% Mar
Jan
26
—
Southern
Consolidated
19% July
28 A July
Jan.,
Nov ;
13 July;
Jan
85%
,
Aug')',"
86Va
Jan
8%
70
8%
92%
500
102
8%
Retail
30
•
1,150
10%
100
•
Oct
82 A
Jan
127% Feb
Sep
39 a
—
—
&
6%
_25
*.
1st preferred—;
2d
Brazilian
10%
12%
Electric—
11%
_*
Inc..
Bowman-Biltmore
Arms
1.700
'
.*
common
1st preferred
7%
105% 107%
16,300
—•
ordinary
14 A
14 A
1
Borne Scrymser Co—
Bourjois
14%
1
common.
14%
1
,
Co
&
preferred
35
_*
:
—
(S)
13%
j
Oct!'
11
Jan
..100
Co
preferred
Creole
common
W) common—
Blue Ridge Corp common-.
:
$3 optional convertible preferred
(H C)
14
Nov
July i
38%
Jan
17
100
Nov
6%
514
Apr
2%
50
36
—
1
.
Bliss (E
Bluraenthal
u
10
Jan
%
A
..
1,900
Oct
17 A
14 A Mar
•
-
common
25 A
Birdsboro. Steel Fdy & Mach Co com—*
Bohack
700
4,475
Consolidated
Oct
July
Apr
6A
-
4%
•
Jan
65
—
25 A
100
,
Jun
2%
100
1
.
Berkey & Gay Furniture
Blauner's
6 A
78
86"%
78
1
extended
c
Consolidated
Jun
4
Feb
4
1,500
5 A
Sep
1A
Iron warrants..
preference
47<?
Sep
41% July
Jan
2
4,600
20
—
common
preferred
Bickfords Inc
Jan
6 %
9 A
*
200
1
10
Bell Tel of Canada
Convertible
9%
—100
common
Bellanca
Benson
9%
*
convertible preferred
Aircraft common
$1.50
9%
3
common
Ties
Mills Inc
Gas
Consoi G E
Oct
a
39 A
34
9%
Consolidated
common
Brummel
Beaunt;
29%
Mfg—
1st preferred
7%
tjij-, ■'
•1 6 Vb Jun
200
„———.—
convertible
Baumann
26% Feb
22,200
400
34%
67
Consolidated
Refractories Inc
Basic
9%
40 A
A
117
1
Community Water Service—
Compo Shoe Machinery—
Aug
•
Corp„_
Seehg
—1
common
Andes—
shares:
Barium
40
*
Rubber Co
de
8A
—30
Jan
9%
Co
Commonwealth
$3
V
16
97
Illuminating——•
Fire
Consolidated
2,700
Jan
50
1%
Community Public Service
-:
27%
1
Airlines
Patent
Columbia
Oct,
Oct
6% July
May
Plow
Colt's
14 %
27A
.7% Mar
^^10
...
9% July ;
50
4
Development
Conn
Wilcox
Apr
10
84
•
Corp
Colorado Fuel &
25 A
Baldwin Locomotive—
Sep
7a
34%
____*
Utensil
Oct
V
Babcock &
3%
100
: a
Feb
Colon
12"
Oct
25% July
/- B
39,100
9 a
13 a
*
—
Electric
Cockshutt
14
14
5Ve
•
Sep '
Jan
116 a 116 a
107%
;
Co
Aluminum
Oct
11
4% Jan
8
10
Claude Neon Lights Inc
Clayton & Lambert Mfg—,
Feb
47% May
3% Feb
•f
500
:
City Auto Stamping—
City & Suburban Homes
Club
25
-25
a
Jun
13
119%
Apr
1,900
10
%100
—
.
Clinehfield ,Coal
12 A
Jan
9%
2,200
11
112
,13.
1
...
"
Oct
July I
4
Mining
preferred B
Clark
Oct
July
80
Jan
5 A
7A
5%
300
50
Jan
105
9 a
—__25
preferred BB
8% July /
1A May
5,800
'
Machine——
Avery (B Fi & Sons common—
6% preferred
Ayrshire Patoka Collieries
12
8% July
9%
121
3 A July
Jan
3,000
15%
Jun
4%
5%
Co..5
common.—*
common
1% July
,
8% Jan
75
2%
11
15%
1—5
5,700
45
2 A
10%
—1
—
9%
44 A
2 A
—
Forge common..,.
Drop
Jan
2 A Mar
pfd -100
Co———
Atlas Corp warrants—
Jan
%
200
.—1
Oct
Jun
21%
96% May
8% Jan
10
119
Jun
115 Aug
Jun
5
Co
118
16%
3'.
10
preferred.j
$6
Cleveland
_£1
A
Atlantic
Oct
Sep
7
Industries—
Coast RR
11A
119
1
....
——
Consolidated
Cities Service
Nov
6,000
Co
Atlas
115
6%
&
common.
§Childs Co preferred
60c
10%
11%
Coast. Fisheries
12
50c
Chicago Rivet & Mach
Chief
$6
6%
Associated Tel & Tel class
'
Aug
11%
Atlantic
4,800
103% 103%
tifd—100
Utilities
Corp common
Cherry-Burrell common..
4 A Mar
Jan
97 %
8A
6%
Atlanta
8%
700
pfd—100
Charis
4% July
11%
—*
8
Jan
Jan
10
119%
Proaucts——4.'— 1
Chicago Flexible Shaft
Sep
1
dep rects reg
5%
Light 77c
West
Chesebrough Mfg..
113 A July
5
—
Associated Laundries of America
Birm
23 A
Jun
20
22
Jan
106 A
common—
Electric
American
-2.50
21A
Refining Co-
Works
Art Metal
2% Mar
21%
;
Oct
400
109 A 110 y4.
&
8
July;
May
3% May
7 a May
100
...100
Chamberim Metal Weather
Strip
Sep
2,700
5A
;
"5 A
Steel
South
8%
•
com..
pfd
Oct
10.
48%
9
Oct
14
Ohio
14
Nov
29
Jan
20
1
Elec
Power
32
105
18 A
America.—
Gas &
York
14
Jan 1
2% July
7% Aug
•
Nov
16%
Feb
7a
—10
Power 7%
15 Va
—
Equipment Corp
New
of
Apr
Arkansas Natural Gas common——*
Aro
Central
/
Corp
Jan
——2
—1
Apex-Elec Mfg Co common—
—•
Appalachian Elec Pwr 4% A pfd—100
Argus Inc
—:
—1
——
Hudson
Maine
•
—
;
10 A
Post
Fence—
Angostura-Wupperman
Central
800
—1
Co__
40
*,
3%
i7o
Catalin
l%Mar
U Sep
10,500
Chemical
&
American
Anchor
1%
Sep
102 A
Aug
Central
Preferred
113
preferred—*
com—
5%
Jan
•
Nov
144
Jan
16%
•
common
5%
Jan
16%
*
1,000
25
Co
Mach.—
Mar
•
A
14%
preferred—.——I
Hard Rubber
American
4%
144
Jun
24
Feb
1
Products
Co
Jan
4%
Jun
Sep ? /
100% July ;
100% July
25
•
8
Carnation
9% July ■;
Foundry Ltd—
class
/
7a
40
Oct
2,100
Jun
1
„
8%
Jan
46
Nov
7%
4%
39 A
8
8%
20A
voting
Co
/
July
Sep/
Jan
voting
non
1
Jun !
5%
—.5
46
40
1%
5%
Canadian Marconi.
Sep
114
1% July 1
Jan
10
Canadian Industries Ltd—
1%
preferred—
July
Jan
—_l
preference—
Industrial Alcohol-
Oct
36%
200
300
Ltd——i../*
Co
preferred
Aug
111 A 111 A
32%
ill A
$2.50
38
200
17 A
-10
preferred
200
41A
1A
1%
,
1%-
—_£1
Corp
Insurance.—.
Cement
Canadian Car &
'
18%
—100
American General Corp common-..10c
$2 convertible preferred——1
&' Electric——.
4% lh
43 A
i\
fe
pfd.
Power
Participating
3 A
36%
Electric
Fire
Canada
13% Aug
35%
1
&
American
Jan
5% Jan
41
4.1
25
American
300
28%
2 A Mar
43 A
—
Class B—
American
40
10A
1% Jan
Power
A
American
39 A
10A
.—100
Co——
400
2
1A
—50o
Tungsten
Camden
American Beverage common
SO©
certificates
Wireless—
American
Oct
Nov
86
Jun
Cable Electric Products common
"
Aug
Jan
Rant© since January 1 :
Low
High
:t
High
?
31
Feb
9
84%
common:
Low
Shares
;
31
Feb
18 A
84 A
—*
Mfg
109%
Par
Nov
36 A
Apr
27% Mar
4,100
113A 113A
113 A
—100
36 A
for Week
of Prices
July
30
23 A
36 A
Sales
Rang©
Sale Fric©
Hian
8 A
July
A
22 A
150
27
-2*
...
Goods
Low
8
common-
preferred-
Hiah
Week's
Last
Range since January 1
6
Aluminum Co common.....:————-*
Friday
Ncif York Curb Exchang©
Shares
_
Allied Intl Investing1 $3 conv pld.
Allied Products (Mich)..—.——
Class
Low
STOCKS
for Week
Range
Sale Price
EXCHANGE
WEEK ENDING NOVEMBER 10
Sales
Week's
Last
Exchange
2092f,
6% July
25%
Sep
8%
July
1
■
EXCHANGE
NEW YORK CURB
NOVEMBER 10
RANGE FOR WEEK ENDING
Week's
Sales
Last
York
Range
for Week
Ltd™
Co
Textile
Dominion
Duke Power Co—,
Hosiery class B
Durham
Duro Test Corp
common
2%
214
States
1
Co
Oct
2,600
% Mar
,
Oct
1%
100
33%
Jan
52
33%
Jan
52
16%
7%
48 %
Feb
9% July
17%
11%
Sep
94%
95%
600
Jan
97%
98%
1.900
88%
Jan
99%
59%
60 Va
900
46 %;
Apr
'
%
300
35%
300
13
13%
48%
49
102
10
%
■
.
48%
-IQo
1%
102
600
113/4
Sep
100
46%. Sep
100,
Sep
14
Aug,
51% Aug
103
44
July.
41
41
41
425
3i7/a
73/4
Oct
27
100
27
Qct
343/j
.1
46%
47%
-
47%
800
18%
Feb
Fairchild Camera & Inst Co
—I
& Airplane
—,1
1
Engine
Falstaff
Brewing
6.700
7%
Jan
13%
7.400
1%
Jun
4%
Preferred
-
I....,
16%
200
123/8
Feb
f
'
39%
6.500
14%
Feb
39%
10%
700
5% May
113/4
25% Mar
253/4 Mar
IZ
Jan
53%
9%
Jan
15%
10
10%
1,050
9% Jun
12%
1,500
12
112%
700
,
64
July
Aug-,
Oct
Oct!
July i
13
Jun I
63A
Jan
:
:
I;
10%
Apr
13% July
11
Apr
13% July
Jan
H% July;
>
27%
—
1123/4 1
90
50%
X-
20
50%
55
,
106
55
114% Aug:
Mar-
42%
130
Feb f
3% AU'g
3% Aug 1
Aug;;
Jun
58%
60v
400
27
Jan
63
8814
89%
550
77%
Feb
90%
18V8
19
400
14%
Jan,
19
20%
1,700
7%
Jan
22 V2
15%
Jan.
20% July
'9%
10%
2,300
'
X,
__
18%
—
|
66%
Feb
70
Jan.
46% Jan
I
Apr
II a
Oct •:
27%
22% Feb
100
27%
112% 113
.'l.'
19%
50
series,
'
10%
Oct
Aug
!
Oct
19
:
'-I83A
5,100
19
shs—*
18%
—10
coupon
73/a Jan
16 %, Apr
10%
*8%
11%
18,700
21
21
21%
1,150
.
163/4
shares
Products
—,—
..
10%
Jan X
19 V* July *
Nov.'!.
11%
3
Jan
18
J
Jun.)'
19%
Apr
73/a May
1 '/a
International Sa'ety Razor B_'
4—*
Utilities Corp com—,15
$3.50 preferred
.——50
Interstate Home; Equipment
1
Interstate Hosiery Mills™,—
Interstate Power $7 preferred—
Investors
Royalty—
;
—
1
Iron Fireman Mfg voting trust ctfs..
Irving Air Chute.
Italian Superpower A
:.
—
1
56% Apr
100
63
63
Jan
43%
5%
———
Registered
Sep
■
4%
1,100
Oct
Hydro Electric—
International
Nov
10%
3,800
2,600
12
/_100
International Petroleum
16% July
36%
16%
103/4
—
$3.50
Warrants
Oct
10%
Fedders Mfg Go—
18%
15
International Metal Industries, A—*
International Minerals and Chemicals--
Nov
4%
38%
•
——5
Federal Compress & Warehouse Co—25
Fire Association (Phila),™
—10
Metallurgical,,
Fansteel
13%
3%
4
Jap
32%
,
,
i
3% July;
14%
12
of North America—10
Co
International
473/4 Oct
12
13V8
9%
}
Jun
29 y« July
Jan,
10%
Aug
)■,
Nov.
1
-
Aug
22
48
Aug
51'.2 Nov
I
International
Fairchild
400
Sep,..
43A
503/4
....£1
—..*
International" Cigar Machine-.
i
Apr
Jan
4% Jan
20%
-.—8
Britain &
Great
——
Insurance
12% July
1% July
700 *
25%
>
8
XU% July
-'l0%
r»
,
preferred
7%
[
Feb
Jan
27
41
1
of
Tobacco
Ireland
Oct
1% Mar
4.600
1%
,1%
July
24
r
10%
—...
—
38
'
Jan
X.
Indianapolis P & L 5%% preferred. 100
Indiana Service 6% preferred^
,100
7%
preferred—
100
Industrial Finance v t c common
1
Common
1
Oct
ny2
Jan
8%
-50
Inc common,,.
Imperial
1% Mar
Feb
42% Mar
—1.
Inc_,
Eureka Pipe Line common—,
Esquire
% May
.
30
8a/4
35
%
35
-10
Equity Corp common:
,
$3 convertible preferred™,
i
;
65 V2 Mar
1
6% Jan,
23/a Jan
i
22%. Nov f,
45% Jun;
Sep
Imperial Tobacco of Canada-
Oct
95
—
—
Registered
1
4
800
3% Apr
38'A
15
Imperial Oil (Can) coupon.-.
Oct
96
83%
Co.
700
"3%'.l
17%,17%
,.*
Imperial Chemical Industries—
Am dep rets regis—.
Oct
Jan
14% May
250
108.2Q0
10'A
Jan
5
300
8
17
9 lk
-
35% Oct
300
39%
Zinc
7%
7%
.
17
3'A July
i—50
—
—
60
common
t
3,300
25
ctfs—
arrear
22%
7%
——1_.
——*
—8
common—;
preferred
conv
Hllnois
j
Aug
8
.,15
5 %
Dividend
Aug
175
.9%
conv
Eversharp
33
49%
38%
.-50
preferred
.
_100
Empire District Electric 5% pfd-.
*
Empire Power participating stock.
Emsco Derrick & Equipment—. ~ZZB
% %
Jan
Electric Securities.
Illinois Power Co
Oct
97%
Electrographic Corp
National Watch Co,
5
49%
——
iflygrade Food products—.
81%
49%
16%
Light 2d pfd A_
Flain
Elliott
Jan
Jan
preferred
Hydro
2%, Oct
Oct
56%
323/b
49
warrants
Option
1 %
%
39
preferred-,,,
preferred
Power &
Feb
775
48%
49
preferred series A—
preferred series B—
,—
Eastern Sugar Associates—
$5 preferred v t c
Easy Washing Machine B—
Economy Grocery Stores
™8
Electric Bond & Share common,,
$6
1%
1.30Q
47%
1%
$6
$5
4% July
11% July
——-—
Corp
$7
Electric
Jan
24%
Malleable Iron
Eastern
8% Aug
Jan
2,300
80
1st
High
213/4
39% X39%
~4
Huyler's common.——
Jun
81
2%
100
2%
.
79 %
45%
47
—
Eastern
Feb
8% J an
1.000
3%
3%
iyA 11 %
prior preferred——
preferred-
6%
Oct
Aug
Low
22%
Humble Oil, &
33% July
3%
Gas & Fuel Assoc common,,
4V2 %
63
80
74
1
•
—
Duval Texas Sulphur,,
East
Oct
Feb
26% Feb
Range sine© January 1
300
39%
(Harvey) Inc
-8
Refining ™——-—*
Hummel-Ross Fibre Corp——
5
Hussmann Ligonier Co
*
Hubbell
Feb
7%
67
175
77%
.
•
common
Jan
63
75%
--,10
—*
Harris Co,
Driver
77 %
•
corp.
uraper
6%
*
—*
Dominion Tar & Chemical Ltd
Share*
High
Low
Par
High
Low
High
Low
for Week
of Prices
Sale Price
Range since January 1
Shares
of Prices
Sale Price
Par
Sale*
Range
Last
Curb Exchange
York
New
Week's
Friday
STOCKS
Friday
STOCKS
Curb Exchange
New
Monday, November 13,1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2098
Feb
1% July
30% Aug
i
20%
j.
25
17%
17%
Feb
7
800
18%
•
Man
,
100
,19%
.1%
1%
17% Jan
200
,1%
.'9
375
,9%
19*%
19%
% Mar-
100
73/4
Oct
% July
20% Juiy
11
jan
l3/4 May
,% Jan
;
,
;
Aug)
i
'■%.
v//
Ford Motor Co Ltd—
Am
6%
2.600
4%
Apr
6%
Oct
22%
1.000
193/4
Feb
23'%
Jun
22%
6 V4
6 %
22%
,11
rets ord reg
Canada—
dep
23 %
125
19%
Jan
23% July
■
Class
A
non-voting:—
•
voting
Ford Motor of France—
Class
B
rets
dep
Araer
Fox
bearer™,
Fuller
$3
X-—*
—
Jan
27%
500
23
Aug
4%
25%
27%
4%
4
1.500
3
Feb
5%
30
Sep
163/b Aug
18
17%
150
18%
19 y2
1.500
10%
Jan
19%
57
80
37
Feb
58
81
20
58
Jan
84
Oct
.,,100
81
5%
Power
Co
7%
_100
Gellman Mfg Co common..
General
Feb
Alloys CO—
Feb
78
12
Jan
l3/4 July
Oct
Jan
Gen
Jan
8y2 May
19%
200
14 3%
Jan
31% July
$6
Co
convertible
A
%
common
Preferred
Gilchrist
Coal
$3
Consolidated
Inc
Mfg
Atlantic
7%
1st
Great
Gulf
Pacific
$6
12%
-
48%
13
52
Oct
16
Mar
Feb
13%
Apr
17%
37%
Apr
55
Feb
9
Jan
A
10,100
%
Jan
7%
7%
100
5%
Jan
Jun
Feb
39
4%
Jan
10
11%
91%
131
133 %4
450
Lit
93% Mar
100
133%
Oct
136% Aug
Jan
Feb
83
__25
$5.50
pfd
10%
11%
4,500
6%
5%
n
•
commonZZiBo
Products
5%
1,100
3% Mar
5%
llVa
4
.
1% July
16% July.
Feb
16
Mar
-
Aug
Feb
18% 'Oct)
Jan
16
•
5%, Mar
Sep
% May
8%
1.000
18
17
35
Oct,
Jan
111% NOV.;
84%
iwtl
11012
11014
Feb
7%
Jan
96% Aug
9 3/4 Mar,
Jan
59% Aug;
100%
642
100
111%
110
Mar
X115
Jun
1Q
"3%
6%
7%
Jan
Feb
4
July:
7% NOV
110 > Feb
14% July'
500
13%
300
27
27
4%
1.900
3
Mar
-Z25
(R G)
Inc
...
1%
70
25
:
^
"1%
14%
100
10
13%
'400
26% ' 27%
200
Class
13%
13%
2%
800
3
—5
22%
'
Jan
23%
Oct
'15
Feb
18%
Nov;
8
Jan
107a
Oct,
Feb
M%
Jan ;
Jan.
79
li
69%
69%
100
63%
51
525
Lynch Corp common
'*• .Jan
49
6%
109%
9
8
9
Jan
9
250
2Vs
2%
400
1%
14 !A
14%
100
32%
5% Feb
Oct.
-
Oct;
Nov:
114
26% Mar
31%
31
..._,—-k
72%
.
Feb
19.800
;*
&
Jan
'
2.700
;
'
-61%
69%
62
1
11
'
,
27% Oct,
3% Jun,
Feb
1%
Oct
13 Va Oct
14% Oct
-
10% 'Feb
4.500
10%
10%
10%
400
Exploration—L
100
18% 48%
-10
common.—
preferred class B__
Land
Apr
18%
A..—...
—
31
26% Aug
14%
-10
Oct ;
75
Oct;
1% Aug
Jan
300
Apr
6%
Feb
in
11.400
1%
,
30%430%''
■.
—8
r
^
Gas Corp
60
■
1
gy4
'
;
Oct;
26%
Jan
Aug
125
':
"5
4%
59
preferred.
Development.
Jan
9%
21
5
-
1
Louisiana Power & Light $6 pfd—'.
July
18% July
2%
•
700
13%
'
■
...4
Jarv
Jan
12
4.400
.,100
Groceterias
Louisiana
May
6
7%
15%
:
2%
105%
5
preferred;
37
620
52%
16%
x3%
*52
15%
X3%
Brothers common—_.i.
6%
Jan
•
•52% c
Long Island Lighting common.../
7% preferred class-A
....X, 400
Nov
•
.100
... —1
(Thos J) Inc 6% preferred. ,.25
Lone Star
63/a Aug
Jun
"
'
,,I
Locke Steel Chain
Oct
37
108
preferred
600
.1
Oil
Loblaw
♦
Gypsum Lime & Alabastine,.
200
u
400
common.—;
Corp
Lipton
Feb
11%
Jun
130%
523
4%
-—1
—.
Material Co
Lionel
Jun
Jan
7 '
7,900
91
Line
Nov
8%
29 %
10%
400
Realty common
Le Tourneau
82% May
30%
200
7%
July;
—*
:
(N J)
7%
Convertible
Leonard
Oct
7
4
,
12
1
B
Class
Lefcourt
July
7
2% Feb
i*
Langendorf United Bakeries class A.,*
Jun
A
x40%
1.800
-
153/8 Aug
110
iff
m
Paper
Utilities
Lane Bryant
Oct
104
Feb/
ZZxo
Shore Mines Ltd
Lane Wells Co
Sep
10
55
15%
Lakey Foundry & Machine...
Lamson Corp of Delaware
i„
Oct
11% Mar
300
109% 1093/4
Lake
Tea—
stock
preferred
States
15
V./' 75
17
48%
3
Stores
May
3,600
16%
16%
Oct
Oct,
'
Inc—X—
••
48%
38
—1
preferred——
113
Jun
61% July
Oct
10
20
4%
1
—
RR
Lackawanna
Nov
110
10
Jun'
Jun
10%
1
„
Greenfield Tap & Die
Grocery
300
5%
58%
Nov
Jan
ZlO
common
Northern
12 3/4
52
113% July
93/4 Jan
15
.ZZZZZZZZZZZ*
&
91%
7%
common
Non-voting
Mar
100%
10
15
1
Mfg Co.
Great
Jan
Jun
Nov
51% Mar
class A
Grand Rapids Varnish.-
Gray
Jan
110
15
«
Mines
preferred
Gorham
Jan
4P/4
110
ZZZ—ZZZ*
preferred
Gorham
75%
100
111
ZZZZZZZ3ZZ*
A
,
$7
Goldfield
160
Nov.,
43%
-
common
Brewing * Co,
Kreuger
29y2
3%:>3%
3%
»
Kresge Dept Stores—
4% convertible 1st preferred
2% Mar
8%
_•
Godchaux Sugars class
Class
B
July
,2% July
52
«
Alden
84
Jun
Feb
91%
—Z—ZZZZZZZ*
Co—ZZ—ZZZZZZZ*
Co___
Gladding McBean &
Glen
1%
—:
43>/2
Rubber Co
Koppers Co 6%
51%
_Z_ZZ~Z*
__
100
Kobacker
Oct
91
91%
Georgia Power $6 preferred-™™—.*
$5 preferred
;
;
(AC)
2
2
Gon Water Gas & Electric eommon___J
$3 preferred™.
;
«
Gilbert
74
stoek_.
Oct
102
Oct
Jan
110
58%
400
Co
Stores
140
Jan
Jan
79%
60
78%
78%
ZZ*
com..—Z1
preferred——
ZZZZ*
Shareholdings Corp
60
■
(I B)
Kleinert
12 li
9%
-100
Knott Corp common.
Jan
115
100% 101
101
Emil)
(D
Feb
124
July
9% Mar
5.20Q
29'%
26
: .100
Petroleum
Klein
Nov
Feb
8
$6 preferred B_
•
Outdoor Adv 6% pfd—IQO
General Public Service $6 preferred
•
Rayon
%
3%
las & Elec
General
6
1,200
19%
„•
109)
Sep/
2Q% Apr j
Jan
-
120
pfd B
Kirkland Lake G M Co Ltd:
July
6%
,_10
General
General
16
6%
,„,1
Jan
.
29
Products.
Kingston
Kliby
General Finanee Corp common
5% preferred series A
General Flreproofing common,™
Nov,
X00
pfd—-
Kings Co Lighting 7%
5% preferred D.,
3J/a
200
..£1
reg—.
1Q8
5%
Kimberly-Clark 6%
Gen Electric Co Ltd—
Amer dep rets ord
Feb
—,
Jan
Jan
1%
100
1%
1%
•
.
k
12%
3
3
:
92
8
Jun
8
703/4
common
preferred
Nov,
100
Kansas Gas & Elec 7%
Key Co common.
Gatineau
1Q5
K
preferredL
Kennedy's Inc...—
Ken-Rad Tube & Lamp A_....___
preferred
convertible
1%
Oct j
Feb
;aa
Oct
81
19%
Jun;
5%
87%
220
105% 108
107%
12%
2%. Jan
350
Julian & Kokenge Co.
:
4% Aug j
Apr
Jan
101% 105
105
Nov
17%
,1
___1
,
2%
5
500
4
Jan
56
(Geo A) Co.
stock,™
conv
7%
1,500
4.600
4% '-5%
/
10%
A5%
pfd..l00
,—100
—100
preferred
—
preferred...
6%
July
4% July
4%
10% ,10%
4
•
>
^
Jeannette Glass Co
.
—1
Grain & Malt common
Froedtert
2
——_
—1.25
Distilling—
Co
I
—,1
Engine Co,
(FL) .Co,,—
Jacobs*
Jersey Central Pwr & Lt 5Vu%-
(Peter) Brewing new
Franklin
^
'
Jacobs Aircraft
Ford Motor of
Oct}"
Oct';
I.
M
H
Hall
Lamp
Hamilton
Co
Bridge
Hammermill
Co
Ltd_„_ZZ
ZZZZ •
Z 10
.ZZZZZ25
ctfsZZZ.l
Paper
Hartford
Electric Light..
Hartford
Rayon
Harvard
voting
Brewing
trust
Hearn
6%
Co
.
common
preferred w w
Z
Henry Holt & Co participating A
5^2%
loo
Heyden Chemical
Hormel
Horn
(A
& Co
5%
&
29
Nov
Mapes
Jan
55
Oct
6%
29
800
500
46
8%
26%
Apr
600
.
6%
3%
Jan
50
8%
41% Jan
3,900
6%
,10
.1
104%
104%
.
ZZ*-
Jan
Jan
jl.% Jan
'
■
1Q4.%,
20
..,,.9% Jan
104 ... Oct
•;, JL2 n, Mar
,..3%. Aug
,
16%
16%
100
14%
20%
19
20V4
600
1.8
Jan
May
31%
29%
31%
1,800
24
Feb.
Z
M
& Co
•
Z.ZlOQ
page
9%
4%
200
9%
2,500
14%
150
2101.
8"% May
133% Mar
10%
Oct
Consolidated Mfg Co——
Co
Apr
7*%
Jun,
Margay Oil Corp....
—
Marion Steam Shovel™;
Jan
Mass Utilities Association v t u_.X_.
July
48
8%
8%
60
8%
100
X.-..*
Dredging.,—
Mead Johnson
May
30%
200
Oct
•
Merritt
27%
Warrants
Oct
preferred———100
X...-X.*.:
1
_45e
Participating preferred.
-45
Metropolitan Edison $6 preferred
Metal
Jun
11%
Jun
Mar
Michigan Bumper eorp_4..X.——X™1.
Michigan Steel Tube.—
2.50
Michigan
Jan
Aug
Jan
Oct
9
119
Apr
30
% Nov
113%
Apr
9%
.
■
Sugar Co
Preferred—
Mieromatie Hone Corp
X—X
—*
—10
X
C.T
—-1
Middle States Petroleum class A v t
Class B
vte——
Sep,
27/b
.
2
;
:
3%
/-
8% Mar
138
Jan
3%
Jan
6
%
Jan
Sep
6,100
.
1% Jan
3/4 Jan
2
36
:
3%
•
-
3 5,8
a
'3%
9
•
■
.90
-900
•-
650
-
Nov
10
2*
Sep
44
Aug
Sep,
Aug f;
HQ
4% Oct:4
May,
,
.
Jan
110.
.,
Jan
4% July j
2%: Apr
4% Apr'
H Mar
9%
1%
Oct
Oct]
"1%
1%
1%
2,100
8%
83/8
8%
500
6
Jan
9%
700
5%
Jan
13%
600
8
Jan
200
1%
Jan
13% May
3% May,
~
14
14%
•12%
11%
12%
2%
-2%
2%
14
.
•*.
,
July;
183
Oct;
4% July,
Jan
200
Juni
8% July
13
Jan
-900
2
4%
1% Mar,
8%
,
Jan
41
Textile Corp^
May
15%
,
"4%
Messabi Iron Co.—
16% Aug
22% July
32
3A
.
Jan}:,
10
100
^
Nov;.
26
6%'Feb
5QQ
'4%
90'
6
.
Oct
99 *
T2
....——
.
A
Oct
5
—...—
13
July
8
90
156
4
T™*
Chapman & Scott.
4Q
25 %
1,200
88
"
Jan
110
10%
•
104%
,
600
;
10%
-
154
common
jun
116
30%
•10%
5Q0
-
1
■:
1,300
90
Mercantile Stores
.
7Va
Memphis Natural Gas common—X—8
12
"Jun
43/4/Jan
U Jan
15/
50
300
-
6%
-
156
& Co
13% July
May
!
-v.
15V8
7%
7%' " 77u
7%
-
33.
33/4 Jan
,
■
7%
;—:
Corp.'...
McWilliams
9V& July
19
Harris common
McCord
:
7%
1%
M
Massey
7% July
5
100
Oct
Oct
33% Mar
*
15%
4'A
30
"
6
6
£1
Ltd—X
19
98
Jan
31/./Oct,
*
•
Communication
2% Sep
Jan
81
In tern at. Marine
Marconi
2% July
12
35% .36
ZZZZ*
Baking Co—
Hardart...
see
9%
4%
14%
common
CO common..
footnotes
B
_r_"»
ZZ •
Zl
Inc.
preferred—
For
Mar
1% Feb
2Va Jan
5% Apr
jq
Horn & Hardart
Horn.
6%
6%
46
1%
100
4
28%
-
"4%
class A
(Geo A)
C»
xl9%
ZZZZs
Zjf.60
„.
common
Holllnger Consolidated G
Holophane Co common
Herder's
Jan
Sep
___j
Hewitt Rubber common..
(R)
100
_
Common
Hoe
150
"I%
•
ZZ-ZZZZZZZ*
..ZZZZZZZZZ 9
A
6%
ZZZ25c
.
Helena Rubinstein.—
HpIW
29
50
—.
—
Class
-
•
common™.ZZZIIZs
preferred
Mining Co..
Hecia
.
4
Corp..
5
Jan
47
1%
Co..
Dept Stores
29
28
Hat Corp of America B non-vot com—1
Hazeltine
600
f
Mengel Stores ...——x
——X
1
$5 convertible preferred.,.—X,—•
5%
4%
9%
9%
2%
Sugar optional warrants,..
Manatl
g
.
-
Oct
Oct,
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
2099
NEW YORK CURB EXCHANGE
HANG® FOR WEEK ENDING NOVEMBER 10
Curb
Friday
Exchange
V Par
West Corp common..
.—5
Midland Oil Corp $2 eonv preferred
•
13:
1
15
14%
Mid-West
Abrasive,.
Co
& Supply—
Mid-West. Refineries—.....
8%
17%
Oct.
Oct
1
Mfg
150
20
Jan
25% Sep
I
23%
Apr
30
?
'
2%
■
.
2%
700
8%
800
•8Va
Jan
9
July
50
15%
Jan
24%
Nov
2%
200
S' 64%
63
52
13%
3%
.10
■
3%
Jan
8%
4,500
100
.
I Pioneer Gold
Oct
Jan
1,800
~9%v"9%
Oct
July
115% Sep
Jan
400
9%
.3%
~9%'
••
13%
9%
9%''
2%
66%
Mar
109%
13
350
Moody Investors partic pfd_
Mountain City Copper common
Mountain
13
States
1%
6%
common—--*
Power
24%
28%
2%
.70
Pittsburgh
Metallurgical...
Oct
6%
preferred
183,
Nov
t Polaris
15%
Apr
19
Jun
28%
Feb
38%
Sep
Powdrell & Alexander..—.
i Power Corp of Canada....
165
300.
1%
6%
1,400
24%
150
...
May
2
5%
6%, July
Jan
18
,peb
Apr
,.24%
Nov
17%
200
13%
Jan
19..
100
11%
Jan
14%
6%
Jan
9%
78
100
9%
200
78
78
88
-
•;
preferred
——<—
National Candy Co
'
.
1
•
2%.
—.......25
39%.
18%
% 200
19
14%
2%
2%
33%
10
28
Feb
39 %
125
35
Jan
39'/4
35
Jan
11%
Oct
xll%
Sep
4%
Jan
5,100
1%
-
11%
9
■
11%
11%
9
.8
.
••
400
•-
5,400
800
.
10
15% '-
_
l0
10%
■'
900
.,
15 >2 :
15%
15%
23%
23%
600
,
8%
300
1%
500
1%
700
3%
28%
100
28
10%
Jan
9%
9%
preferred
$2
New
England Tel. & Tel
New
Haven
Clock Co..
New Idea lino common—
New
Y
Auction
25
Co
& Honduras
Y
—
113%
Jan
13%
Reliance
Oct
Rice
3%
Feb
Apr
Jan
-
•
Mar
44
3%
Jan
50
7%
21%
Jan
30%
Jan
15
Oct
112% Jan
117
Jun
10
102
Jan
67
13
Jan
17% Mar
Sep
66%
108?%,. Oct
80
67
'
60
111
75
Cable Corp
vi Class A
preferred.—
Niles-Bement-Pond
Apr
3%
400
74%
Feb
94%
80%
50
May
80%
800
%
Apr
A
6%
700
5%
Jan
7%
13%
4,900
preferred.
$6
1%
1%
14
13%
,
!■
Class B
6%
prior preferred
i North
North
Penn RR
103
'•
Jan
200
33
100
27% May
28
37
V
120
Jan
9%
10%
Northern Indiana Pub Serv 5% pfd—100
105%.
•14%
7
—*
27%'-
Jan
Electric Steel Co
Co
class
B
105%
125
14%
2,100
27 %
27%
700
4%
common..
-
4%
23%
-
7 %
23
114%
30
Oliver United Filters B
111% 111%
15
29%
•29
Aug
Nov
15V2 July*
27% Oct
4%
Jan
1st pfd
—-.1
29%
1.100
pfd
pacific
$1 -30
Public
1st
Service.
Motors
Parker Pen
Corp
Oct
—
Convertible
24% July
stock:
5
—
Aug
(
$5.58 prior stock—..j.—
|
Allotment certificates—.J.
Jan
113
Jun
--
29%
Aug
Feb
I
Nov
9%
Sep
10% Oct
Jan
Sentry Safety Control
Penn
Salt
Z"ll
<
Shattuck
For
com
footnotes
see
common
page
Jan
38
32%
Jan
2101.
iq
-
5%
cum
8%
8.900
oSi/
50
Silex
106% Mar
July
'
7
!
2
23%
Oct
85% July
157
Apr
3,000
1%.
May
U'/a July
1%
Jan
16
July
1V» Aug
July
42Va July
15%
45 Va
Oct
1%
Apr
2%
Jan
11% Jan
14 Va
25
500
'%
100
4%
2,200
%
400
•108%. 108%
10
3%
14%
Sep
Oct
1 Va Mar
4% July
% Jan
105 Va
1 J/a July
Jan
1q9
Aug
10%
2%
6 Vb
6%
18 va
11 May
2% May
500
Nov
Jan
Jan
11
12
6%
Oct
Jan
19,700
13%
Oct
55
va
28% July
6 Va
Mil
Mar
12
21% July
17%
4
24 7/s.
Jaxi
300
14%
4/8
Sep
15%
Feb
Feb
14%
Jan
Nov
3Va July
1,000
Apr
8
Aug
18%
200
17%
Jan
19
Mar
14%
16%
6%
18%.
16%
4,900
13%
Oct
16%
Nov
'16%
16%
10%
5
200
16% Aug
18
Jan
10%
200
8
Jan
lova
Oct
5
5%
9,500
3%
Jan
5%
Nov
8%'
8%
500
4 Va
May
11%
Oct
3%
3%
800
1%
Jan
Mar
17%
18%
5
'
8%
3%
■>.
110
Feb
Jan
20% May
Feb
88
Oct
Apr
9
t
Nov
6
Jan
6%
24
of Canada
Ltd
common
convertible
Simplicity
preferred
4%
Pattern
1
common
Singer Manufacturing';Co__—...
Singer Manufacturing >Co Ltd—
Amer
dep rets ord> regis..
j Sioux City Gas & Elec 7% pfd.
Smith (Howard)
Paper Mills
9
July
Solar
Aircraft
Nov
Solar
Manufacturing Co
Co
100'
1
;
10
5
■:t
'•9%
Jan
111
108
11-0
90
Jan
108
550
37%
Nov
37%
38%
38%
Nov
NOV
Penn
Southern
5%
■;
*
Corp
Manufacturing common
Southwest
Nov
5
«
•!%'
i-
170
89%
10-
i
1
300
,
200
5
~2%
9%
•
:
"
2
18%-
4,800
64
Feb
9%
2%
1
91
78
1
5"%
Oct
48 Va
Jun
Jan
6%
50
16%
Apr
6%
Feb
-
Jan
11% July
22
.
July
1% Mar
Jan
10% Aug
81.% Aug
Jan
80 Va
67
150
69
100
%
Jan
6
Aug
6%
■
50
% ,79-.%
%'"'
•79
Apr
10
Va July
1.600
2%
Feb
;
78
2% July
Feb
%
1,050
a
12% Mar
Apr
Jan
700
1
9%
-
Sep
93% July
Jan
11,600
9-%
18%t I8V2
•
.9%'
%
3Va
2%
'
13 %:
5
114
Jan
3Va
12
Apr
400
91%
Feb
104
30
115
110 »/4
Apr
115%
13%
14%
400
Feb
17 Va
Aug
21
13%
Jun
Apr
Jan
Aug
21
14%
Aug
1% July
300
13%
101% 102
26
3%
292
Pa
Pipe
California
original
Feb
Oct
Aug
16%
Oct
32
Jun
1%
3%
500
295
90
2%
Jan
4
July
Apr
229
295
Nov
5%
Jan
108
Feb
112%
12% Mar
Oct
Oct
17
Oct
5%
5%
5%
3.300
2 Va
J an
6
Nov
7
3.700
3%
Jan
7
Nov
2Va
'
Feb
3%
Apr
4
%
Jan
9%
Nov
100
2
va
Jan
3 Va Mar
42%
43%
300
Colorado
Apr
28
Mar
31
25
37
Mar
44
Sep
Va Aug
July
Edison—
preferred
preferred
45 Va July
40
__iq
Line.,
6% preferred B__.
5%% preferred series C
Southern
3%
281
Jan
2%
__25
94 %
i
35% Aug
114
1.900
Oil
190
87
.
Sep
1.000
Oct
Oct
Jap
3va
5%
3
27%
114
3
South
Jan
200
Jun
9Ve
Jan
%
34%
Oct
3 % May
75
3%
33%
700
Jan
8%
Aug
2%
50%
34%
...1
Nov
Jan
125
•
2%
Corp common
47%
1%
64
25
8%
South Coast
.
3,600
63%
■i. 89
6Va July
3% Oct
Feb
Jan
2%
Soss
Nov
Mar
Jan
lVa
1
Sonotone
Mar
43
2%
10% July
1
May
50
25
Sep
14
Oct
6% July
5%
22
47%
2%
2%
7%
19%
6%
39%
1
2%
3% July
11% May
4Va May
1
Jan
Oct
300
,100
Jan
78
900
—*
Jan
Jan
300
2%
£1
34%
Jan
4%
22%
2%
•
16%
4%
3,800
.
Simmons-Boardman Publications—
32
8.000
9%
22
•
14%
10
5%
4Va Aug
12
50
5%
5,400
8%
-4%
5%.
*
17%
100
950
5%
—
—
35%
Jan
'
•
100
39%
106
37%
Jan
Apr
Jan
1%
4,100
5%
•
Pfd series AAA.
Breweries
Co
$3
109% May
•
Jan
Jan
96%
108% 111
in
45%
.17%
25
common.—.
173A
47%
~oi/
May
14%
13% July
12% Jan
75
1
Shawinig-'in Water A Power
Sherwin-Williams
35% July
64%
*
17
Jan
10%
300
6%
5
28 %
~t3/
3,700
—*
Mining
Denn
39%
.
l
m
new
35
■
6% Mar
oei/
T734
_•
Light $7 preferred.—^
Mfg Co
7%
_
".
1%
.14%
23%
—.1
•) Setop Leather common—
Jun
19
40
25
Elec class A
15%
Jan
80
1
149
10
IOO
23%
.
79%
J Serrick Corp class B—.—____—
7% Mar
5
Pennsylvania Edison Co $5
series pfd"«>
$2.80 series preferred.
1.—.1*
&
40
ri/h
71%
80
11%
23%
2
25
—
46
common
preferred A
Pennroad Corp common
Power
108%
109% 110
""""lO
1—111" 1
$1.40
nrefarrad
200
108 Vt
shs
_
Parkersburg Rig & Reel
Patchogue Plymouth
Mills.,
Penn
1.300
33%
——*
Am
Co
Penn Gas &
37%
33%
~~
common
Telephone
37
337/,
..100
Jan,
Jan
48
9%
Shoe Co
*
i Selected Industries Inc common——1
July
13
100
*
Pantepec Oil qf Venezuela
Paramount
13%
37-
preferred..'
Page-Hersey Tubes
Peninsular
13%
.1
Hardware...
Seiberling Rubber common.,
117
6%
^.25
11
40
116
8
...25
125
Bros Inc
Sherwin-Williams
Pacific Gas & Elec 6%
93 %
14% July
106% Nov
43
45%
—.-2%
Segal Lock &
Sick's
5%% 1st preferred
i
;
Pacific Lighting $5
preferred—.
Pacific Power & Light 7%
Jun
118
A Jan
10
"I Securities Corp General.—^
Feb
6
•
Sep
Jan
15
2%
Co
Jan
18% Jan
—.—.I
common
xlll
Jan
40
22%
i
Co
Oct
Apr
Va
22
'
23%
........5
Oil
j.
Can
Oct
8%
10%
14%
1%
9%
«
Pacific
13
2%
108
20
.1
Overseas Securities..
6% Apr
7% Mar.
6,200
15
*
112
*;
—
Omar Inc
Nov
Va Mar
175
,
81
1%
i Schiff Co common...—1
—•
j Schulte (D A) common—...1
I
Convertible preferred^...
...i.25
< Scovill
Manufacturing—.
..-.-25
Scranlon Elec $6 pfd—
i Scranton Spring Brook Water Service—
$6 preferred
....—....—...I—•
I Scullin Steel Co common...—
Mar
105%
Jun
Jan
18 Va
Ohio
Oklahoma Natural Gas common..
Nov
Jan
152
15
53, a
5 Savoy
Apr
12
3% May
250
114
114
Jan
aV
900
13%
80
.20
—
115
4%% preferred
• 100
Pubjiep Service 7% 1st pfd—.100
&%' 1st* preferred
..—...100
14
6Va
12
152
i Samson United Corp common———1
July
116
-
103% Sep
800
23
;Ohio Power
50
1,900
A
1 "0 July
Jan
9,500
14
%
14
17%
I Selby
Ohio Brass
Jan
43
8%
50
5
«
July
IS
10
11% Jan
Regis Paper -common——.
—1.5
Salt Dome Oil Co.^
—1
t
..
34
5,500
105% 106%
14%
.5
———1
Class A $2 conv pref—
1 Seeraan
Ogden Corp common.
July
Jan
114
j
Apr
'
5%
July
1,200
14%
105
;
Jan
113
.Northern States Power class A...,—35
1A
13%
13%
} St
54% Mar
1% Aug
% Jan
4%
10%
7
26 Va
150
I St Lawrence Corp Ltd
j
37% July
100
50
Novadel-Agene Corp——.
Jun
52% May
——1
Co
1%
Jan
32%
—-—.5
Northeast Airlines
Oct
'
32%
—.——.50
Central Texas Oil
Jan
Sep
108
Aeronautical Co
1
Ryan Consolidated Petroleum——"
Ryerson & Haynes common
.——1
Feb
15%
%
Securities^.—*
American Utility
Northern
30%
11%
..—.5
Royalite Oil Co Ltd.
Sep
2%
4% Jan
1,100
Jan
33
——*
4% Jun
13% Nov
5%
14% July
12%
1%
400
106% 107
33
A—,—..*
eommon...—.
Jan
Jun
107% Aug
Jan
Jan
1,300
—*■:
—■
North American Rayon class
Jan
10%
9%
••
North Amer Light & Power common—1
'[■
2
5%
Oct
13
13'
1,800
2,800
Jan
Mar
65
105
Mines.—
5
Electric.—__—... —1
3
13%
50
■
11%
Ryan
Nov
32
■
—1
Nipissing
Mar
,,
1
common
petroleum Co...
convertible preferred
Rotary
Nov
—100
13
15
"%
$1.20
Oct
6%
f*
—
Nineteen Hundred Corp B
Noma,
2%
ftf
80
80 VI
13%, Feb
Field Inc—...——
Roosevelt
Root
Jan
May
49,500
94%
93
100
3%
Pendleton Inc__———*
Roeser &
Rome
Jan
3%
3%
•3%
14%
:12%
13%.
pfd D——100
Russeks Fifth Ave..——,—.
Niagara Hudson Power common.—10
"u 5%
1st preferred..
—100
5'/» 2d preferred.^..
.100
Class B optional warrants.....—
Niagara Share class B common—..^—3
May
Valley Gas Co v t c—-—1
Rochester Gas & Elec 6%
106% July
1,700
40
17
50
1
—•
—
Goods
Dry
Rio Grande
5% Nov
30
109
Jun
Oct
2%
& Engineering—.—.5
Aviation.
Stix
10% Mar
Jan
<
121%
13
>1%
common—50a
Oil Corp. warrants
Richmond
Radiator
Nov
300
16%
Jan
100
Richfield
*
50
109
pfd.100
Water Service 6% pfd—.....100
Electric
Republic
Oct
Oct
9%
15 %
16%-
95
13% July
2QO
30%
—*
21%
30
104% 104%
—11
—.
Oct
4%
11%
Reed Roller Bit Co
Nov
Shipbuilding Corp—
shares...
Nov
Jan
10'%
5
1
66%
35
Sep
69
55%
100
1,000
Jun
43
13%
11%
.100
Red Bank Oil Co—
AUS
114% 115
N Y-State Electric & Gas $5.10
Y
25
10
Light 7 % preferred-.lOO
preferred
....*
Founders
N
21
54
2y4
9%
Apr
1,170
119
3Va Aug
4% Oct
14%
80%
Raytheon Manufacturing
5%
9%
30
Power St
$6
44
f
18% Mar
200
Jan
4%
..
.2%
common.
Oct
Oct
11%
9%
30
......10
Merchandise—
Y
N
Rosario
'
3
5%
City Omnibus warrants——
Y
Y
1,300
44
common—
Y
N
N
Apr
100
65%
2%
Arizona-Land——1
N
N
104
118
13%
—
Feb
9
Feb
6%
19%
65%
65%
New Process Co common—.——*
N
,100
19%
———
Jerse^ Zinc
New Mexico &
■
112% 113%
..——100
i.—..—*
10%
10
Apr
10%
Jan
18
69
*
7%
Jan
Jan
—•
67
,
14%:
,
5
-64%
May
3
1%
"
Oct
47%
Jan
—•
preferred...—,
i Quebeq Power Co..
July
12
6 %
425
Sep
7
13%'
1
—*
6%
r
Jan
88
250
63
61%
62%.
i—i—100
i
6%
6%
New England Power Associates——•
2%
1,000
4%
Radlo-Kelth-Orpheum option warranti.
Railway & Light Securities
Voting common
<..—10
Railway & Utility Investment A
—1
Rath Packing Co. common..—
10
Raymond Concrete Pile common.—...•
$3 convertible preferred
•
114
Apr
Jan
100
2,400
8%:
Oct
4%
"•
600
Jan
2% Aug
7% July
29% May
May
Nestle Le Mur Co class A
;
14%
5%
10%
(Herman) Corp.
Neptune Meter class A
33 Va
Q
Quaker Oats
(
Nov
85%
Nelson
preferred
^
11% Jan
llCt '
4,900
4%
Nov
9% July
Jan
28%
Oil CO——..
3%
119,
1
J Pyrene Manufacturing
25% July
Jun
5%
!
July
15 %
Jaiv
13%
.Nebraska Power 1% preferred——.
Nehi Corp 1st pfd—.—
6^
i2
1%
5%
Union Radio
A
8%
Nov
v.
15%
5%
.13%
-
National Tunnel & Mines common
9
<
18% Feb
-
Nov
11% Aug
;
,12% July
Apr'
Apr
12
..j...
.
v
Jan
97/a
•
100
23%
...
Navarro
12%
33% Oct '
Nov
20
3%
—•
$5 prior preferred.......
Puget Sound Pulp & Timber
Pyle-National Co common
2% July
Jan
Jan
10%
—
44% May
1412 May
12
12%
National1 City Lines common
National Fuel Gas—
National Mfg & Stores common—
National Refining common—.
National .Rubber Machinery.—,
National Steel Car Ltd—.—National Sugar Refining
Natfonal Tea 5%% preferred
National
Oct
33 V8
v
„;—
National Transit.
20
Jan
39 %
33%
National Breweries common—
7%
,
—
July
12%
3
69
i.
7% 1st preferred—
...100
} Puget Sound Power & Light—
p
Common
—.———10
N
—*
Nachman Corp —~—
—
National Bellas Hess common..—
8
19%
Providence Gas—
Public Service of Colorador—
6% 1st preferred—..—.—.—100
1
.
Apr
8% May
''
'
Mar
Oct
5%
37%
.—5
♦ Pressed
Metals of America
•)' Producers Corp of Nevada.
i Prosperity :Co class B...„.-
10% Mar
Jan
64
28%
300
1,100
.
Premier Gold Mining-.^—...—...—1
} Prentice-Hall Inc common
*
Sep
700
.18%
I
Oct
13%
Aug
Nov
400
—•
j Pratt & Lambert Co...-^_
136% July,
13%
100
\
Sep
36
12
.
*7%
3%
Mming Co.....i..——...25c
Jun
IV2 Jan
17%
17%
w—-
—...-10
commoh-
25
.
Jan
11
^....10
I Pittsburgh Plate Glass——
,.-23
I Pleasant Valley Wine Cq,..——.—-.1
1 Plough
Inc common....
...7.50
2% Aug
Mar
158%
29%
8%
•
it
'
Jan
Jan
Jun
68
Nov
7
1,500
High
3%
Mar
4
& L E RR.T_.._.
..-50
Pittsburgh. & Lake Erie——50
200
24
...—,2 %
125
Bess
38
1%
Muskogee Co common
;
Meter
!
July
9%
......1
Pitney-Bowes
Postage
29
19 %
...——1
Piper Aircraft Corp com—-
i Pitts
4% Aug
Feb
1% Feb
7
July
127
Muskegon, Piston Ring...
125
12
10%
*
common..
Mines Ltd..
!
Sep'
12
8% May
Mountain States Tel $ Tel.
Murray Ohio Mfg Co..—:—
53%
-
18%
6%
,
1,400
142-
11%
29%
..—25
:
Nqv
11%
...
38
10
55%
7%
pfd.
18%
18%
—_•
5o
Producers
Mountain
181% 183 '..w
182%
139
,
•
common...
; Pneuraatifi Scale
Montgomery Ward A———,-Montreal Light Heat & Power—...—•
139
...4..1
Governor
Pierce
<
105
13% Nov
;
Philadelphia Co
Oct
lVa Mar-
:
97%
15%
Low
31
i Phila Electric Power
6%
i Phillips Packing Co
3%
.2% Feb
150
12
2% Aug
1% May
700
2
2%
"2
2V
July
24%
8%
24%'
"
-53%.
54%
*
■
Pharis Tire & Rubber..—
■.m
——1
Range since January 1
Utah
Perfect Circle Co—
275
Shares
2%
—.—100
25
,'2%
2%
Low
Sales
for Week
of Prices
-2.50
Co......
28
_•
Utilities—
Penn Traffic Co—
Penn, Water & Power Cd—
24%
Mining Corp of Canada
•
Minnesota Mining & Mfg—
—•
Minnesota pwr & Light 1 % pfd—__ 100
Mississippi River Power 6% pfd—..100
Missouri Public Service common.,,...*
Mojud Hosiery Co Inc—
2.50
Molybuenum Corp.
—1
Monogram Pictures common—„._1
Monroe Loan Society A—
1
Dakota
350
Nov
■>
Week's
Range
'
P«f
High
13%
27%
50
..—10
...+
Piping
Montana
Lots
9% Jan
15,300
-
Last
Exchange
Rangd since January 1 *
JPepperell
——•
common-.-—
Midwest Oil
15
Curb
Sale Price
>
$2 non-euro dividend shares———•
Midwest
13%
■12'/4
Friday
STOCKS
Now York
Shares
Wo*
Low
Middle
Midvale Co
for Week
of Prices
Sale Price
Midland Steel Products--
Sales
Range
STOCKS
York
New
Week's
Power
—
;
.41
.....25
,...—25
class A__.25
100
31%
31 %
1%
31
1%
4l
.
50
7q0
29%
Apr
32
31%
800
29%
Jan
31%
1%
300
32.
1% Jan
67
Jan
Nov
2
July
77
July
THE COMMERCIAL & FINANCIAL CHRONICLE
2100
Monday, November 13,1944
I
NEW YORK CURB EXCHANGE
RANGE FOR WEEK
ENDING NOVEMBER
P»n,»
Exchange
Curb
Sale Price
Line—
Royalty Co
Pipe
■Southern
8%
200
5%
200
8%
;
Jan
—w8
11%
11%
11%
400
12%
11%
12%
2,600
51
48
51
(AGi & Bros
_*
1st preferred
——
Spencer Snoe Corp
—
—j*.
'Stahl-Meyer Inc.
.2,78
i Standard Brewing Co
1
Standard Cap & Seal common——
-10
i< convertible preferred
'
!Spalding
131
Jun
9%
—1
'■'Southland
5%
5 %
ft:
5
4
7
9%
Oct
13
July
Apr
12%
Nov
Jan
51
Nov
40
3% May
-
5j%
Oct
15%
17%
Jan
ft
17
2%
1,000
[
Feb
1%
Apr
Jan
18%
28
preferred
Coal & Coke.
West Va
Western
Air Lines Inc
WeoMji'ii
Maryland
'
Ky
t >
auu
114
inc...
5%
Jan
10%
Oct
800
7%
Apr
12%
Nov
114
25
28
138
July
18% Mar
25
Sep
Jan
28
Jan
% May
20 % Aug
8%
Jan
11%
Nov
8
300
28
Feb
15
NOV
Jan
84
40
25
23
16
111
Western Tablet & Stationery coni.—•
; Westmoreland Coal
L
.20
Westmoreland
25
^—.10
6
4,000
Nov
Weyenberg
Mfg
Shoe
1
11%
11%
——-.10
Wichita River Oil Corp—ft.
,
14%
,13%
200
11%
-
3.600
15
i
i
•
'
'
■
-
[Standard Dredging Corp common..
3%
j 19%
•Standard Oil
1
"%
(Standard Power & Light—.—--
19
2
Jan
20%
i
500
850
16
Jan
1,400
17%
Feb
108V2
.10
3%
19%
20
(Ky).—--—
.100
(Ohio)—5% pfd—....
Standard Oil
;
Jan
%
Jan
]
Common class B_.
preferred
Williams
(R C)
ltr
98 y2
96
100
l"tT
iff
——
1,700
■
j Willson Products
19 y4
;
;
1,900
>%
4,400
2%
500
3
900
12%.
f*
•
.
114
ft Apr.
200
12%
3
12 %
98 y2
2%
—
..1
iStandard' Products Co
..1
i Standard Silver Lead.:—
———
..1
! Standard Tube class B
Iscarrett (The) Corp voting trust ctfs ..1
; Steel Co of Canada*..
<—
|stein (A) & Co common..*.-,
II
| Bterchi Bros Stores.
—,
—
.50
6% 1st preferred,
■
5 % 2d 'preferred^-..—v— .20
54
Nov
99
Jan
--
16
16-
8%
100
8%
!. Woodley Petroleum
;•
Oct
Jan
7
-12%
Oct
Jun
6 Va
Jan
5%
common B_
•
Wisconsin Power & Ligiit 7% pfd..l00
Wolverine Portland Cement—...
_io
Woolwerth
1-4% July
Jan
Feb
700
:
;
.......
(F W) Ltd-
■
110
'
3%
_l
9%
5
10
Apr
6 V
Jan
Jun
14'A May
7... jaa
-.
300
111
Apr
,
American deposit receipts
Wright Hargreaves Ltd.
7%
-3ft
"3%
t3%
Jan
-11% July
2V2
8«
........
Jan
4% July
7,000
3%
Oct
60% Nov
13 y* Jan
.
6'%
.6
3
10
6%
2% July
Apr
53 % Mar
16
July
87/a
—„•
Heating—_•
ft July
ft -Feb
•
Oct
13 y8
.
Vs May
1%
Mar
% Aug
Co„—
Inc..
Winnipeg Elec
ft July
•
Jan
7%
&
Oil-O-Matic
3% Aug
20% Nov
•
%
■
t
•
ft Oct
; Williams
.20
.preferred——.
$1,60 convertible
;
18 y8
'
—1
Oct
600
12%
11 %'
1
'■
112%
Apr
10%
9%
,
12
High
Low
108
1
xot
Range since January 1
High
Law
•
8
;
Shares
Oct
Jan
Texas Utility $6
Sales
for Week
Radge
of Prices
Par
West
9% Aug
„■
9 Vs. Mar
1,500
.
East
Exchange
Sale Price
Oct
5%
770
5%
Curb
High
/
i
July
9
—10
—-
Low
8%
8%
__10
Co
Pnospimte
iSouthern
York
Range since January 1
Hid*•
121
England Telephone .100
New
Southern
New
Shares
of Prices
LOW
P«r
,
f»<- w«ok
Week's
Friday
STOCKS
Sales
Week's
Friday
STOCKS
York
New
10
'
■
Oct
16.
,
200
5
Jan
..50
43 %
Jan
12
Jan
15% Aug
9
Jan
12 >4
Nov
3%
Jan
6
Jun
1%
Ja.11
3
"Oct
8%
Feb
%
9
Sep
'
53
53
:
53
•#—
•
:
.
;
53
'
Nov
Products——
I Sterling Brewers Inc.————
11%.
_2%
.1
Hugo
i
700
3
—
Strooclc (SJ & Co common—1—.-.
i bullivan Machinery.....—
"*1%
"1%
1%
Corp——__
i
-
-
-
'
f Stetson (J B) Co common.—.
wrinneK
.,700
12.%
-.1
inc.
Sterling
J
12%
ipi,
t.—...
-1
{Superior Port Cement class B com
Ifiwatn Finch Oil Corp—.———
Feb-j
200
!
-13
13
2A34
-24%
25
200
17%
-17%
18
200
17
.
.
•
May
-18
13
-
Aug
9%
Nov
15%
;
11
Apr
Apr
May
>
s
t
'
& Land Co
Oil
Texon
Jari
5
6%
/-J
103
deb
Sep
1,100
23%
Feb
26%
22%
4,300
12%
Jan
24% July
~6%' ~6%
200
uya
1
9%
10%
8%
—
700
11%
26
100
10%
900
8%
Inc
Trunz
warrants
.J.'
.
May
7
Oct
Assoc T Si T deb 5V2S A
12%
Sep
Atlantic
27
Feb
6%
Jan
1
Jan
3%
11% July
Feb
Bell
60
4%
M
1st
5s
Jun
9%
1%
72 %
72%
469
510
Feb
1%
-
1%
900
4
27%
3%
4%
5,400
a;
.
3
2,800
27%
26
.11
•7a
of
Gas
Union
Canada
Yds of Omaha..
Union Stk
May
18'/a
100,
Aircraft
United
Chemicals
United
Cigar-Wlielan
preferred
$5
Prior
Jan
ft Mar
Edison
Boston
1% Aug
4% July
.
''1
1st $7
Jan
'.v' 13% July
Molasses
:
1%
1%
91%
91%
17%
17%
U
S and International
3/64
%
%
iff.
%
/!■•
63%
64%
10
25
Reclaiming
Insurance
Pictures
25% Aug
2% Mar
80%
Jan
£5
17
Sep
18%
Jun
ft May
3a
Feb
16
:
3,200
Jun
Feb
1%
112%
19
Nov
Oct
3
Nov
121%
% Feb
ft Jon
,
50%
Jan
% Mar
Sep
ft Jan
ft Jan
65%
Jun
Oct
33%
Apr
39 y2
Jun
90
Feb
93
Apr
1%
Jun
100
1%
9
9
72%
Feb
263
74
50
74%
1,025
%
9%
9%
100
7%
8 %
Feb
Utah Power &
1% Aug
9
Jun
4% Mar
91%
3%
93
3%
■%'
4%'
4%.
1%
325
93
200
3%
Light $7 preferred
;
—1
....
Jun
Nov
78
2,500
4% July
2% Aug
Va Sep
4%
.2,200
'; 5% Sep
.
13% July
4%
4%
19%
20%
27%
27%
250
3%
3%
20,000
57%
57%
3%
7
-7
Utility Equities common,——10c
priority stock
July
500
4% July
22-%' AUg
20
—•
Products—
Oct
.14% May
"4%
,8
•
1
Sep
8%
..10-
!—
Oct
10%
1,400
93
Oct
77% July
45% Aug
———
1
convertiole
$4
7%'
1%
84
.—.—I
83
3%
preferred...
1%
84
•
2,900
28% July
3% Oct
250
61
;
1,300
—-
Mar
26
200
Feb
8% July
'2% July
75
84
Nov
5
52%
Petroleum
1
Manufacturing—
3%
8%
•
52
3%
52%
2,000
3% July
1/0
12%
9
90
54
. Oct
11%" Apr
15% .July
12%
1,800
300
W
§ A Chicago
6s
1948
—1954
Aircraft
Co.,
•
Waitt &
Bond
deb
For
•
Knitting
Wentworth
Mills-.
....■...'
Manufacturing
footnotes
see
5
500
page
2101.
53%
99%
J-3
"
32
36%
54%
45
37
99%
2
98
53
52%
•"
103%
105%
106%
51%
52%
99%
33 '■
102% 103% •'
-
*
\
107
.
54%
54 y2
>
100%
66
M-S
66
64
r
.
ft.
62
172
'79
1104
104%
101%
104%
.*—'—1955
1966
A-O
1105
107 5
104 %
105
103
1
F-A
105
""104% 105
167
-—1958
A-O
104
103 % 104
1969
A-O
104%-
104% 104%
—
103
M-S
...——Jan
5s_
Consol
Gas El
3%s
1st
series
ref
99%
98
%
r
104%
106
:97%
98%
104%
109
111
105 M
8
21
Lt
& Pr
108%.
104%
N__
mtge
ser-
(Bait)—
3
May
5%
Sep
Cuban Tobacco
Light 55—2030
5s_^,——.1956
Federal Water Service 5%s
1954
F-A
.—1969
5s—.——,—1953
A-O
Lt
Water
General
3%s
Pub
Serv
A™
Alden
Coal
West
&
Guantanamo
Lt & Pwr 3%s_—
Houston
ref 5%s series B—
&
1st
Indianapolis
E
series
A7s
7s
% 103%
ft 100 ft
104
103%
108
198
103
102%
102%
167
71
64%
75
106%
111
—1966
105 Vs 105%
+
A-O
1104% 105
102
A-O
$104%
102
Jf-S
105%
105%" 105%
101
101
101
100% 100%
93%
102%
93
102 Va
$108% 108 %
106%
F-k
M-N
5%
900
109
42
21%
39%
39
39
~1
25
42
34.
34
34
10
23
.42.
39
42
4
25
42
—1957
1965
1966
2022
Light 3V2S———1969
ref
1970
--1955
5s—
1948
1981
.2022
& Suffolk Ltg 5s
Power
4%s-
A
53
4%
103%: 106%
F-k
Electric 6s
Amsterdam
1%
105ft
—1957
i
to
—-1963
Light 4%s———.1967
P & L.4%?
—1—.1978
series
500
.105
,
J-J
—1957
Gas
Minnesota
3%
108%
1107% 110
J-D
3-D
Extended at 4%
3
103%
103
J-3
,34%
J-3
'
'
'96%.
-
13
22%
37%
73
88%
97%
36
60
77%
J-J
68
68
69 %
J-J
39
38
39
,
ju-a
11C-"
"■
106 'A
9
28%
40
4
106%
$105% 108%
J-D
34%
,34%
96%" 9 7'A
34
.
106%
109
106%
..
107%
120
122%
'110%
■
112 %
'
M-S
-r
—
.,$120% 121
$108
J-J
a
112
107% 107%
J-J
■
Di.
.,
/
!■
107
$106% 108
A-O
109%
105
1
108%
■
$102'ft 103
F- A
99%
99%
J-J
62
99%
62
5.
104%
99%
;
99%
103%
Valley RR—
Milwaukee
New Eng
104%
104%
25
Kentucky Utilities 4s——,—
New
98%
101
13"
-
Power fe
&
101%
3
1104% 108%
J-3
F——
Kansas Gas &
1st
1
23
*
35%
Kansks Electric Power 3'As.
Kansas
103%
104
34
Jersey Cent Pow & Lt 3%s.
Conv
25% Oct
5%. July
100
104
103
100 ft-
101
63
3-D
1941 coupon)
(Aug
series
'
J-D
1953
——1952
A7s (July 1941 coupon)——1952
Interstate Power 5s__1957
Debenture
6s——
—-■—^1952
Altailan Superpowei
6s——.—1963
A
Aug
.
1—
—-1955
1941 coup)
1955
C
(Dec 1
series
A6%s
A7?
97%
1103% 105
:
{International Power Sec—
A6%3
78
F- A
5s__—..——1950
ref 5s
1963
P & L 3V4S——
1970
&
106%
103%
103
103%
J-J
Service
1st lien
124%
103
Co—
Power
Indiana
104%
123
M-S
Hygrade Food 6s ser A
Jan 1549
6s series B__—....——Jan 1949
Illinois
105%
101%
—1958
6s
12
J-D
4s
Grocery Store Prod 6S.———
99
90% 100
93% 102%
1104% 107
J-3
1
—1965
Grand Trunk West 4s————1950
Great .Nor Power 5s stpd
—1950
Green Mountain Pow 3%———1963
Glen
35
75
99%
1124 %
J-D
A——1948
Georgia Power & Light 5s———-1978
AGeneral Rayon Co 6s ser
Jun
Jan
125
Jf-N
& RR
Power
Gatineau
98 %
Jan.,
104
119
3
M-S
&
Power
Elmira
20%
3%
102%
103% 104%
104%
Electric
7%
15
21
103% 104%
199%
101%
14%
3%. Oct
108 %
101% 101%
103%
J-D
—.———1944
5s
M-S
500
Feb.
121% 122 %
Fuel 4s ser A——11)56
Eastern Gas
100
11% July
2
103% 104
F-A
Continental Gas & El 5s..———1958
20%
Feb
108 %
A-O
———-1954
Gen mtge 4vss
10%
Jan
J-D
J-3
2%s set Q
..1976
(Bait City)—
1st ref mtge
109
1108
3-D
———1971
P„........1969
Consolidated Gas
lOVs
"n
1.2a
103%
1950
5s—
5s
94% May
3%
101%
.
J-D
5s—;
Debenture
Nebraska
4%
150
108
1106
M-S
.1927
—.1952
ctfs
5%s A
5s
B
Service
20
Claud A
Class B
Wayrte
5
10 y8
120%
105%
102% 102%
J-3
stpd—1953
119%,.
1109% 112
J-D
—
Rys
series
Cities
6s
Wagner Baking voting trust ctfs ext—*
7%
preferred
—100
:
—;
150
M-N
1953
Cincinnati St Ry
Nassau
Waco
115%
119
.
1155" 180
3-D
—19G4
—
Midland
.
Vogt
113%
119
119
A-O
.
5s.
Power
Superior Dist Pow 3%S—.1966
McCord Corp Cs stamped
-1948
Middle States Petrol 6%s
.1948
Venezuelan
109
113% 113%
M-N
Gas 3%s—:
&
Lake
Valspar Corp. common
106
1106 %
M-S
1970
Oct
11
50o
Universal Products Co—
:
268
1,900
1
——
Sugar
ft 6%
6% Mai"
69
Jan
42
7%
_•
El
Mar
—.5
common
Utah-Idaho
$5.50
Feb
Oili———10
•
Radio
Jan
1%
600
1%
———2
i
s
64%
5,200
1
—
j Universal Cooler class A
Universal
Oct
■—_
United Wallpaper, Inc
(Universal
Sep
11%
1,000
1
U S Radiator common——.—_
'Utah
1,250
3/64
Securities—•
I Universal Consolidated
>
68%
Jun
4
—
jj United Stores common
•
50
100
$5 1st preferred with warrants
Rubber
May
7%
10,000
—•
class B——
i
i
1%
19
113% 116%
common
U S Graphite common
S
Jun
7,500
—25
;
U
200
%
\
1%
—25o
U
;
50
17%
—.—*
..
Foil Go
7V8
Feb
Co Ltd—
i
j
91%
.
3/64
United Specialties common—
S
&
19
1%
—•
i United Shoe Machinery
Preferred
Feb
8,200
—
Sharing
preferred
10%
Nov
3% July
7%
66
1%
...
Profit
United
r
6%
4% Aug
1,500
:
United NJ RR & Canal—
;
Jan
dep rets ord regis.
Amer
'
Jan
2 Va
11%
—
participating preferred
$3
2%
100
2,100
5 %-
■■
-United Milk Products
i
■United
6,100
5
,
100
preferred
■
,
100%
■
2%
4%
(United Light & Power common A
Common class B,
_—•
1st
6%
6
2%
.1962
2%s
Debenture
6%
i:
$6
29
V'4
1;, r,
ft9% July
Jan
10%
"1—20
warrants—
85
29
22%
17
99% 100%
100%
J-D
Central States Pr & Lt 5%s
% Mar
4
preferred non-voting—
Option
\
13
26
25%
29 Va
•.
:
;
Northern
HI
A5%S
10% July
•10%
11%
—
United Gas Corp common
M-S
ft .27% Nov
200
1
;
§ACentral States Electric 5s
300
oorp
United Elastic Corp.
F- A
1955
Q-F
Jan
14%
—
—
115
7%
common..
preferred
warrants
United
:
6s
Central
12%
1
Stores...
22%-
1957
Canada
7%
—100
Products
United
29%
38
—I960
——..1998
;
Feb
12%
10c
10
•
......
29
23
43
July
7%
1
—
37
27%
Canada—
July
80
12%
—1
•
Co—.
26%
27%
B—
109%
ft Jan
'
*
Oct
13
V.
Feb
July
Apr
113
1%
r.
Jan
58
106
.
Corp.—,
Manufacturing
95
■
23
25%.. 26%
—1964
C
Bethlehem Steel
,
Realization
25%
*
F-A
;
Bickford's Inc 6%s
u
Ulen
of
series
5s
series
Conv
Unexcelled
J-J..
1','
•
A-O
City Eiec 3%s
Telephone
Oct
Jan
9%
Jun
9% Mar
Ddylite Corp..
7.9%
20,
25%
Oct
7'% Apr"
19%
——
Tung-Sol Lamp Works
8Qc convertible preferred
.93%..ft.
..
25%
1977
119
,
128
1068
5%s_
Jan
Mar
900
8
■
:'Tri-Cbntinental
93
93
102
*1
23
...
6
57%
Tobacco & Allied Stocks—.—
—*
t Tobacco
Product Exports—•
(.Tobacco Security Trust Ca Ltd—
1
Amer dep rets ord regis.,—
\
Amer dep recs def reg—,
_*—•
Todd Shipyards Corp.
•
: Toledo Edison
6% preferred
100
7%
preferred
—.100
Tonopah Mining of Nevada...
1
'Trans Lux Corp.—
1
/Transwestern Oil Co
——10
;
.
99,
124
"
& Construction—....1
} Tilo Roofing Inc
? Tishman Realty
11%
26'
—I
—8
»Thew
deb
107% 409%
,
—u-1950
ADebenture 5s
AConv
.
us
..1949
..
114%
"
1—
.Textron Inc ___——1
Shovel Co common
YP>
f
J-J
110
11
lODy+iogy*.,.,
125%.,
tl24
108%
106%
101% 104%
*100.%. 101.%—
i
A-O
ig48
AConv deb 5s
26
20%
106
52 "■
104%
104
104
105
Co—
4%s_.
~6%
—...•
—
—
3-J
:1
,~2.
:
109% 109%
3-D
—^1953
Sc Elec
AConv
J-J
—1961
..1970
..2024
Writing Paper 6s___vAppalachian Elec Pow 3%e
4%s
M-S
2016
Amer
Elec
102%
109
—
High
Low
No.
103
1108
deb 6s
Lt
Amer Pow St
Sep
25%
Sold
-
-
1970
4'%s__
22
pld——100
—2
Light 7%
Texas Power &
■
100
Range Since
January 1
Bonds
Utah
J-J
f deus—
deb
25%
—i—•
Tampa Electric Co common
Techpicolor Inc common
j
5%
Friday's
1950
f debs
s
AConv
5%
or
———.I960
f debs—....
2%s. s
3Vas
3%s
lAssociated Gas
1
Last
Sale Price Bid & Asked
'
Appalachian Pow deb 6s
Taggart Corp common—
Week's Range
Friday
Interest
ft
Gas & Electric Co.—
American
Associated
•
ft '
Exchange
Curb
Low
14% July
26% Oct
:
*
York
Period
3% Aug'
11% Aug
50
III
(Sun Ray Drug Co,
16% July
.bonds
/'
New
:n
'sterling: Aluminum
Gas
;—,1948
5s
,—1947
Gas & El Assn 5s
deb
5s
1948
-—-—1950
England Power 3%s—;
New England Power Assn 5s^
New
Debenture 5%s
1961
1948
1°**
A-O
•;
107% 107%
107%
MS
;i. '•
7
62
.
3
69%
106%
108%
102%
106
10
104%
108
1
100%
101%
0
106 '/a
111
2
116
120
110%
113
.
'
103
3-D
1
103
'
J-D
10,5.% 106
—
F-A
1005s 100 %
J-D
106% 106%
M-S
117
$110% 112
J-J
M-S
"117
t
82%
83%
■
83%
39
72'ft
88%
J-D
82%
82%
83%
17
72%
88%
MS
83%
83%
84 Va
22
72 %
88%
107 % 107 %
2
M-N
A-O
.
102%
102
102
102%
102% 103 %
-
107
110
27
7
95%
102%
18
101%
103%
Volume 160
THE COMMERCIAL
Number 4333
& FINANCIAL CHRONICLE
EXCHANGE
NEW YORK CURB
RANGE
BONDS
New
York
Curb
Last
Interest
"
Low
N Y State
N
Y
&
Elec & Gas 3%s
North
Af-N
1964
Westchester Ltec 4s
12004
V'
J-J
NOVEMBER
No.
Low
Hitjh
Ogden Gas 1st 5s—:.:.
Ohio Power
1st
1st
Ohio
mtge 314s
1968
111
United
Electric
N
107%
United
Light
Power
95%
United
Public
Service
1962
,
*104%
101%
108
lien &
Power
&
Light. 5s
Park Lexington 1st mtge 3s,
Penn Central Lt & Pwr 4%s
1st
,
5s—
1964
.
"
,—1977
Utah Power Si
Debenture
314s
104%
105%
Wash
56%
Wash
Philadelphia
Elec
Philadelphia Rapid Transit
6
56V2.
3
105% ,109%
108%
West
108%
15
109%
F-A
108% 109
8
108
5s
stamped
Potomac
414s
Edison
5s
1962
AT-3
106% 106%
1
106
,,,..1950
E—
6%
of
New
perpetual
514s
series
San
14
102
J-D
108% 108%
J-D
106
1964
—1949
'
certificates—
South
Power
$126
M-S
/
California
Southern
Counties
1st
103%
137%
3s
2
J-J
Gas
&
L
1970
82%
93
5
128
83
73%;
3
$105
86 %
-108
105%
108
104%
105
105
4
$103
107
109
103%
105%
72%
86%
84%
72
Af-S
1 103% 103%
M-N
95
95
106%
Tide
6s
Service
98%
97%
98%
32
98%
97%
98%
34
F-A
98%.
98%
-
ALima
J-D
1947
J-D
F-A
109
110%
109
105%
109%
118
114% .us ;
$99% 100
■
" 98
85
96%
100%
96%
$100" 100%
100%
A7s
99%
97%
A-O
34;
86%
:
10
86%
,
28
86%
97%
13
86 Vi
29%
19
.7
Low
A-O
'
"•
."i"
stamped—
...V
;
High
'
51%
:-
62
.54
61%
27%'
16%
79%
62
83
80
60
82
$75'
30%
J-J
—1951
1
$21
M-S
•
7s„
A-O
41%
$41
—
36
40/
22
16
$75
-
..
—7.
58
17%
79%
33
,41%
-
$38%
-
$38
*
—1919
J-D
6%
-1921
i.
34
U6
-
J-J
—1959
-
18
33.%:'
41%
•v
J-D
7
1958
,
34
$32%
M-N
,
—1931
6V28
21
22
46
•,
—1947,
—1947
6%s
Government
19%
17
34%
41%
39
"T
J-D
-
40
19%
39
$18%
,
M-N
J-J
6%
.
39%'
39%
'
34
43%
6
238
3%
6
"
7%
7%
72
3%
8%
'
8%
20
41%
Low
63
79%
'
F-A
M-9
(State)
Janeiro
A5%s
No.
27%
.
M-N
Range Since
January 1
Sold
$61
J-D
1958
7s
ARussian
Bonds
.
High
$61
-
J-J
6%s stamped
—1952
(Peru) 6V2s stamped_1958
7s
(issue of Oct. 1927)
de
ARio
Friday's
or
■
45
20%
'•
56%
33
£t
,
1953
Mortgage Bank of Chile 6s
98 Va
58
vi-
AParana
98%'
20
.
'
7 /
Week's Range
Last
.Sale Price Bid & Asked
J-D
987/s;
98 %
97%
$56%
,;;-.c,7';-
p
Mortgage Bank of Denmark 5s„^_1972
99%
98 v*.
-
Friday
Interest
& Waterways—
City
AMedellin
99 %
82
98
98%
F-A
—,1950
86%
<
V .7
•
Mortgage Bank of Bogota—
A7s (issue of May 1927),
98%
97%
...98%
;
J-D
.
—1940
„
——
J-J
•
33
,
•No par
A-O
.,1946
5s
5s
$30
J-J
1960
—1956
*
33
J-J
15
105
117%
119
119
104
F-A
103
1968
—
J -J
108% 108%
101%
delivery sale,
no
d Ex-interest. \ e Odd-lot sale,
n
Under-the-rule aale,
sales being transacted during current week.
>
.
...
,..
.
Z
'
•
...
§Reported in receivership.
,
7''7
^ •
//',••.-
•
,
:
!•"
"
/
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 certificateaj
"wi," when issued; "ww," with warrants; "rw," without warrants.
105%
107
a Deferred
Ex-dividend.
x
$Friday's bid and asked prices;
a Bonds
being traded flat.
107%
$118
value,
sale,
'
104% 106%
12
1979
3>/3s,,
rCash
■
104% 105%.
105% 105%
105%
M-N
2022
Power
——1937
5s
AMaranho
A
A-O
1957
A—,
Edison
98
47%
105
108%
/
& Light 5s,
Water
Toledo
98
—1955
Extended
108%
83%;'
f
7
■
Danzig Port
,
101%, 104%
A-O
1951
„1957
deposit
(Hugo) Industries—
7-4s 2nd stamped——
series
F-A
York
AExtemal
105%
83
F-A
;
Dec 1 I960
;.
A Certificates. oL
6s
,.1959
—
106%
Stinnes
Electric
118
5%s
Danish
104
$106V4 107%
_2022
—„u__
„
,6s
Powet
$108
J-D
t
106%
>
15
-107% 108
84%
F-A
May 1948
—May 1948
Debenture 6s
gold, debentures
Standard Power & Light
AStarrett Corp inc 5s—
Stinnes (Hugo) Corp—
A7-4s 3d stamped
/:
Texas
A-O
—1960
Agricultural Mortgage Bank (Col)—
\
A20-year
7s—
-April 1946 /
A20-year 7s———
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
93%
103%
103% ,105%
105% 105%
J-J
1970
,—1989
,
6s—;
Texas
...2030
24%
6
.10
debentures
V."1///; :
7
Electric—
stamped
Debenture
106%
109% 109%
Period
12
$105% 105%
■105%,
A-O
1951
8s—
(stamped)—
6s
87
46%
106
J-D
BONDS
Curb Exchange
.New
'
Conv
lie1/*
Foreign Governments & Municipalities
(Calif)—
Spalding (A G) deb 5s
6s
45%
J-D
—1964
113
126%
127%
104%
V—
M-S
;
mtge 3s—————j.—1971
Standard
46
—1951
Rys Co 5s stpd
Stamped 5s
104%
98%
105
$104-
J-J
1965
314s
Gas
Gas
&
115%
iu%
116
115
152
104% 104%
A-O
6s—1947
Indiana Rys 4s_,;
Southwestern Gas & Elec 314s
P
f
s
106
11
92%
104;
A-O
,—1970
Southern
Southwestern
106%
113%
111%
7
82%
;
A-O
.
5S——1957
Edison
Southern
conv
106% ,109
,11
106
$108% 109
."-D
,—1951
D,———
California
$115%,115%
Newspaper Union—
y
——1951
Wyoming Coal
Carolina
Southern
M-S
;
102%
'
Sheridan
109%
112 :
92%
104% 104%
104%
J-D
,1932
6s
Scullin Steel inc mtge 3s
series
102
102%
1
53
.
107%
102 %
142% 144
A-O
Shawinigan Water & Pwr 4Vas_,—1967
414s
108
104% 105
N-N
—1954
...
,
5s_,.
Traction 5s—
Penn
•.
_1979
;
105
$107% 108
' M-N
1952
4J4s—
Estate
-
.
Joaquin Lt & Pwr 6s 3
1st
dabs,—.
>
—
_■
Water
ASchulte. Real
105%
A-O
Af-S
Jersey—
A
Harbor
108
104%
p-A
—2022
A
lAYora
100% 104.
1
1959
Queens-Borough Gas & Electric—,
Safe
„
M-N
"
103% 103,%
105% 105%
%
1961
1st mtge 314s————
Sinking fund deb 4s—
Service
J-J
,1956
;
F
Corp (Can) 414s B
Public Service Co of Colorado—
Public
—1952
Penn Electric
6s
107%
Power
;
A-O
A-O
—
Co—
extended..—.,!
series
series
income
Western
117
6s
6s
Ry & Elec 4s
Water Power 3%a
West
106
106%
106% 107
108 % 108%
A
Portland Gas & Coke
High
102%
104 %, 107%
8
106% 106%
$108
40
7 9
-1972
5V2s.
Power
56%
\t
$110% 111
—.
Waldorf-Astoria Hotel—
103%
M-N
J-J
Low
96'%
NO.
109%
J-D
—1970
w
Range Since
January 1
Sold
High
Light Co-—
102
104%
M-N
1979
——
1959
(Maine)
—
110
J-D
5%s_1952
(Delaware)
105%
104
J-J
Pennsylvania Water & Power 3148-1964
5%s
cons
Lt & Rys
107%
103%
104%
.1949
Bonds
Friday's
or
Co—
105%
$102
F-A : :
.
4s
106% 106%
106%
F-A
—1955
J
United Light & RaHways
6s series A—
A5s
Pacific
&
105% 105 %
F-A
_1948
4s—
Oklahoma Power Si Water 5s
82
$107% 109
A-O
Week's Range
Last
Sale Price Bid & Asked
Low
102%
.101% 101%
>101%
A-0
1971
3s
mtge
Af-N
—1945
Friday
Interest
Exchange
High
108%
17
89%
89%
Curb
Period
1st
'
89%
/-J
redeemed!—1948
York
New
Continental Utility Corp—
5J/as series A (8%
10
January 1
104 Va 10414
104 '4
;
ENDING
Range Since
Sold
$10814 109 y2
-
__
.
Bonds
Sale Price Bid & Asked
Period
WEEK
BONDS
Week's Range
or Friday's
Friday
Exchange
FOR
2101
111
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING NOVEMBER
•tea
v.#\
Friday
Baltimore Stock Exchange
Last
STOCKS
Par
Arundel Corporation
Bait Transit Co
Preferred
v t c,^
c
100
15%
15%
781
2.00
2.25
601
1.00 May
14%
14%
—__1
—
47
Fidelity & Deposit Co
20
Fidelity & Guar Fire Corp,,,—j-,—10
153,
7
207
14%'
Cities
18
East
Oct
47"; "7
60
47
35
136
July
153
Oct
10
43
Jan
47
Oct
250
27
Feb
30% May
45%
Range
4%%
45%
30
40
30
Co
Boston
Eastern
■<' Nov
'
153
of Texas 6%
pfd vtc—25
30
Mt Vernon-Woodbury Mills com—..100
New Amsterdam
3.25
3.25
Co
6%
Fuel
&
Gas
Eastern
Street
Mass
Oct
6%
lst pfd.
preferred
Eastern
Jan-
58%
$3,000
Jan '•
64% July
'
;
First
series
A
,1975
.67%
70
800
-
59%
Jan
/
Isle
Creek
;■.
Friday
.
'/ 7
v.
STOCKS—
,
. Last
.
Sale Price
,
Par
American Sugar Refilling
American
Tel
American
I—.
Woolen
&
Tel:
100
—
■
Anaconda Copper—_——
7%
Bird
&
Son
Inc—
pfd_—100
„
122%
♦
—
__
Boston
&
Boston
Edison
Albany RR
:
100
Elevated Ry.—
Boston Herald Traveler
Corp
100
25
Boston
Boston
1%
6%
5%
a
&
Maine
*
of Prices
Shares
High
Range since January 1
Low
"
47%
47%
163% 164%
2,027
77/8
77/8
5Q
27%
425
122% 122%
8
■
A
,70
24%
20
High
Feb
49%
Oct
155%( Jan
164%
Oct
29
!
7%
9%
Apr-
28
24% Feb.
1st
100
39%
July.
18%
96%
Jan
32 Va
Jan
70
71%
355
65%
Sep
National
23%
24V2
19
Jan
24 %
95
36% Aug
Mar
Nov
Stamped
footnotes
see
page
Jan
1%
Jan
34
3%
Jan
8
4
Jan
8 % Mar
__100
:
2107.
•
3%
4%
Feb
Mar
7
7
50
3%
Jan
7% July
7
7
33
5
Jan
8%
Feb
6%
6%
5
Jan.
8%
80x4
5
54
.133,4 ,133.4
80%
Jun
14%
■:
182
878
•
■
■
;—1
13%
39
7^
———100
.
•
:
11c
4%
-,
31c.
31c
44%
39%
Nov
13%
Jun
39
Nov
39
>
.
■
1
■
Jan
Nov
Jan
29%
Jun
.2%
36
Oct
Jan
Nov
.
3 Va
Jan
165
23%
Jan
36%. Mar.
.47%
Jan
'61V*
200
>-
9%
7
190
ig
14c
:
34%
,113
15% Aug
21
4V2
26%
61%
!
7
——
Jan
Jan
7%
318
/■'%.;....
61%*
15%
11c
.
135
36
9%
9%
,
5
Service Cos ——_1 7/
.
13%
26%
—
35%
106
.
Oct
32%
,33% May
247
35
Jan
Oct
13%
•
...
235
1%
.
.
—: 61%
England Gas & Elec Assm—
preferred
*
England Tel A: Tel—-100
North Butte Mining—
2.50
..
1.377
;:■
A+—u,
■
39
39
common-——,—100
_!
,
441/3
39%
12%
13%
•
■
.
43s8
38'%
15
,
RR
28%
84
Jan
345
7/ "
.'
4414
—*
——_!
9%
31%
14
7 ;
—
Jan
460
31%
133/4
,7
5c
525
,
Feb
Nov
Jan
11%
93
.
6
■
11
Feb
17% July
May
Sep
15c
Jan
,
41% Aug
35%
75
24%
114%
340
103%
Apr
114 Va
Nov
33c
107
30c
Jan
46c
Mar
Feb
Old
Colony RR
Mills
RR
Mining
Button
Rutland
RR
Co—
&
Jan
40%
-39%
41 Va
375
25%
Jan
41V8
Nov
31%
30%
31%
1.175
25%
Jan
31%
Nov
1%
1%
174
86c
Feb
2V2
Jun
9% Jan
12'/a
13c
25
ifole %I^ch__.r'/'—,
7%/J.$fd J,
Shawmut Assn
Stone
—100
—J.——J,
Webster Inc—
Co
45c
10c
*
50
,—100
—
—
Pennsylvania
—,
—
—
12Va
20
lVa
'
1%
100
13%
Vb Mar
12'%
II
14V4
260
10%
•
*
59
12%
1%
14
16c
10%
306
36%
36%
175
32
12%
7%
Jan
Apr
.
Feb
Nov
1% July
15
11%
July
Oct
May
36% Nov
8
'
8
Apr
o
/'7
United
Drug-Inc—
Feb
17% July
90% Oct
5
Shoe
Machinery
common.
15%
15%
15%'
110
*
United Fruit Co„
United
88
87V2
88%
308
753s
Jan
69%
Jan
25
74%
78
July
42
Jun
45
July
100
40%
Feb
53%
70
10%
Jan
12% July
38% Nov
73
741/4
250
441/2
44.1/2
10
Feb
«
o
Oct
42% July
45
100
Boston Personal Prop Trust
26
40
preferred
lst
434
40
53/4
stamped
a,ss C lst
108
—•
5% %
Quincy
6%
"
"6%
Jan
*7
New
Reece
53^
3y4
92
"
Oct
6%
_
5
108
New
Oct
74 %
116
g%
100
—100
For
11% Jan
40
182
3,906
Oct
"53/4
—100
D
125
100
8j[0 class B 1st preferred
class
Jan
17%
39
108
Oct
Mar
100
_100
pfd
JStamped
c
113
113% 114
35% 36%
-
•.
«
Torrington
Stamped
10 7o
i73/4
■>
coal—
Nasb-Kelvinator
RR—
prior preferred——
preferred stamped,^
class
X14
36%
Oct
208
Narragansett Racing Assn. Inc———1.
Sales
Pacific
Bigelow-Sanford Carpet 6%
48
j—_—
Mergenthaler Linotype
for Week
267/b
164%
*
50
Exchange
Week's
Range
Low
100
81
Jan
1
preferred
5%
Boston Stock
Jan
32%
Copper
Central
Maine
'
56%
100
Royale: Copper
■
•
140
'
■
•
..
79%
47
.*
Gillette Safety Razor Co
/70%' Oct
Island
'
'
Electric
Kennecott
'
Oct
Jun
451/4
Stores!
National
General
1%
,
79
Engineers Public Service
51
8%
Jan
Jail
47
,——,—100
41
■
Jan
79%
common
Jun
Bonda—
5s
B
Lines Inc
SS
35
58%
75c
;—100
160
Baltimore,Transit Co 4S——1975
17% Mar
90c
200
-
series A
36%
27
Oct
Feb
5 V*
750
i%
1%
,
,—100
Employers Group Assoc
36%
Feb
1234
40c
21
100
8i/4
8
High
7%
May
Ry—
Nov
26 %
13%
61c
g
6
210
100
27
50
26%
4.00
13%
.
Associates—
prior preferred—
preferred
Apr
Fidelity Si Guar—
U 8
2.00 May
4
Low
6%
61c
»
24
2
I"
10
84
Casualty
,gj/2
25
Co
6%
Houston Oil
5
Range sfnoe January 1
High
Low
10
Shares
Oct
16
Apr
Feb"
Hecla
Mining
Copper
Jan
2.30
&
of Prices
Par
Service
Cliff
High
14% Apr
2.15
—•
;
Brager Eisenberg Inc
Low
High
15%
—
common
t
V
Low
Range since January 1
Sales
for Week
sRange
Sale Price
Calumet
Shares
of Prices
Week's
Tast
-
/
for Week
Range
Sale Price
STOCKS—
■.
Sales
Week's
Friday
19
.0
i37/8
350
90
6%
preferred
25
U S Rubber
II
49
49%
•
i23/a
121%
12%
*
36%
33%
36%
313
20%
Jan
104% 106%
245
91%
Feb
10
Jun
"
6% Mar
5
5
Jan
14133
12
Apr
9% July
147/b
Sep
Waldorf
System Inc—
Warren,
(S
D)
Co
Westinghouse Electric & Mfg_
50
107%
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
2102
Monday, November 13. 1944
OTHER STOCK EXCHANGES
NOVEMBER 10
FOR WEEK ENDING
RANGE
Last
Chicago Stock Exchange
Friday
Raytheon Mfg Co—
6% preferred,
for Week
Range
Last
Shares
of Priees
Sale Price
STOCKS-
Range since January 1
for Week
Range
Low
.i
•
Low
High
1
High
700
3%
Jan
4% May
50
4%
4%
.
Range Since January
Shares
of Prices
Sale Price
Par
Sales
Week's
Sales
Week's
Friday
STOCKS-
21%
Jan
25% July
■
-1
•
Low
Aluminum
Castings.!.. ..—-.5
Tel
Advanced
Co
American
&
Tel
8
8
700
163% 163%
capital. „_100-
High
LOW
High
:7%
par
4%
Jan
8
156%
Jan
164
Schwitzer
Aug
200
Aug
&
Armour
5
Washer
Automatic
-3
3%
3
5%
commons——
...
Radio
:_5
Bruce Co
Brothers
Butler
Common
Serv
lJ/4
Feb
3% Aug
1,200
3%
Jan
5% Aug
17%
._1
Common
18%
18%
100
-1
capital—.
24
5»A
5%
300
36 '
South
Bend
Lathe
G &
Southwest
E
Works
5%
150
11
11%
450
Standard
46%
5
50
200
Jan
Jan
Jan
20%
16%
6%
39%
450
34%
Jan
110
14%
Feb
24
; 6%
6%
32
6%
3%
300
6%
%
90
12
12
,13
;
>'
7%
Jan
12% July
Apr
103% Oct
1,750
%
Jan
500
9%
Jan
% Mar
58% Jun
U
U Jun
I —1
7%
*
-
.
53%
—
7
7%.
53
74%
10
9
19%
19%
7%
Jan
12
loo
17%
Juh
4% May
16,550
21%
2iy4
50
34%
34%
450
29%
44 V2
750
1,400
of
1,400
33%
33%
33%
1,200
15V2
200
12%' Jan
12-
100
10
Corp
.
15'A
common.—
12
cl A pfd——
__
,
•'
*<t
34%
:
Chicago & Nor^h Western Ry—
t
Preferred
Towel Co com
Chicago
—
: i:
Jun
53%
Feb
22 y2
39
34% Nov
*
14%
14%
800
,1—5
Chrysler Corp common—:
(J
Co
R)
(The)
Steel
S
common.
31%
950
27%
31%
300
28
Jan
11%
100
11%
sep
12
61
15%
15%
90%
91
—10
Cities Service Co common.^—
Aluminum'Uten Co
Edison
91%
14%
14
*
common—
Co
COmmon-—
Williams
Oct
Common
6
...»
11%
Z2
common
23%
Jan
900
50%
Apr
7%
750
3%
Jan
30 y4
250
26 %
Apr
14
50
11%
Apr
6
50
2%
Jan
12
1,300
8%
Jan
8
1,200
4y2
Jan
8
Nov
73
100
Apr
73
Mach
Yates-American
Oct
'7%
8
73
1'
'•
Aug
150
59 y«
11%
*
Wrigley (Wm Jr) Co capital.:
July-
33%
!7
30 %
.'-J*
jl'———ami
—
Woodall Industries
Nov
7%
'
capital
.8%
40%
Co
&
103%
pfd—100
1
_30
300
Sep
64% July
55
Jan
63% Aug
American Radiator 6s Bt San com«_is*
11%
11%
12%
Anaconda
27%
27
27%
98
78% Jan
300
Jun
Sep
2% May
4%
Oct
Eversharp Inc common.......
100
5,400
24%
Jan
29 Vb
Nov
General
7%
9%
850
4*/8
Jan
9%
Nov
Interlake
33%
40
18 Vb
Jan
62%
62%
.
Iron
Corp
50
93% Jan
100
22% May
7%
1,150
39 V*
400
7%
100
36% Apr
45%
Jun
Pullman
is y«
100
15%
Jan
18%
Sep
Pure oil Co
"4%
5%
2,300
12%
13
300
35
35%
400
46%
47
4% Nov
6% Mar
Jan
14% Aug
29% Jan
18%
200
13%
100
27%
850
23
6%
6%
600
63%
62%
63%
1,200
3% Jan
51% Feb
13
12%
13
600
8
Jan
5%
8
600
5%
Not
common
10
Razor common
Gbldblatt Bros Inc cotiimoti—
.*
Gillette Safety
*
GOodyear Tire & Rubber common
comm on —
Harnischfeger Corp common—'—
lo
Hein
Werner
Hibb Spencer
Horders.
Inc
Bartlett common—
common1—
Aug
Hubbeli
■
Harvey Inc common.
Central RR
common......
international
Interstate
Jatvis
common—,
Harvester
38% Feb
19 y8
Jan
'
"
'
Drug
Kellogg
Co
20
100
15%
Apr
% Apr
100
8
Jan
47
47%
30
37
14
14%
150
12
16%
16%
iod
21%
,21%
4
..
8%
9
100
9
650
11'A Aug
-1 %
4
6%
preferred
Rlmberly Clark
1-7
500
10%
25%
200
19%
19
19%
200
16
6%
50
22
6
.'■7
6%
100
77%
50
Oct
,
6%'
29
Jan
19% July
25 y2
NOV
20
Oct
5% May
Apr
8% July
80% Sep
50
4%
Jan
15 y2
ocM
17
100
13%
Jan
18 y4
Jun
•w—
36%
5
Field
Masonile Corp
Prior
West
Midland
Corp
N
T P
&
O
United
4%
7
4%
600
7
6% Aug
600
29%
Jan
10%
1,500
Jan
53
40
47%
Jan
107
20
101%
Jan
36%
450
nov
36
.
1%
Jan
7
Corp
Dayton
&
Oct
8% Mar
Nachman
107
42
5
Oct
Eagle-Picher
Oct
Gibson
Hobart class A——
200,
4%
Jun
8
Jun
Kroger
420
22%
Jan
52
nov
West
Nor
7%
30
31%
Oct
34
Feb
Util
Oct
National
51
.'
31%
49
52
31%
31%,
-
Jan
18 y4
18
18%
650;
13%
41%
411%
41%
150
38'A Mar
18%
Sep r
51% May
Kahn
ist
13%
12%
13%
9%
11,800
Feb
12% Nov
18% May
28% Nov
27%
28%
8%
8%
50
5% Mar
16%
.,
(The)
Feabody Coal Co 6%
Pennsvlvania
RR
common
pfd
;
capital™..
Peoples Gas Lt & Coke capital
.;
Co
(The)
Process Corp
common
8%
50
5% Mar
17
Rapid
2%
2%
700
1% Jan
100
91/*
Jan
S
U S
Sep
10
11
450
For footnotes
see
page 2107.
r
.
Apr
14%
Oct
Feb
34%
JUh
Va
Feb
Va
21
8
% Mar
Feb
6
Apr
7% May
10
Nov
4
3
375
107%
167
126
-
33
9
505
i 8%
,
13% Mar
2% Feb
100% Jan
107% July
118%
Jan
126
OCt
7%
Jan
9
Mar
Jan
80
July
Nov
10
72
3% Mar
-
79%
14
175
8%
Jan
14
28%
165
17 y8
Apr
28% NOV
78
40
>
100
88
10
37
5
40
100
100
13%
16
13%
33%
40
May
May
Apr
110
May
Feb
10%
14
July
5
30
May
35
Jan
29
Sep
40
Jun
39
Mar
45
40
50
43
43
6
July
13% July
12%
*
-
■
—
■'■
28%
12%
50
50
10% Sep
Sep
50% Oct
37 Vb
136
31%
Jan
37%
28
28%
120
21
Jan
29
Oct
7%
25
Jan
9
Mar
1% July
3
NOV
59
July
4
Mar
.7%
3
*
10
100
50
5%
—
a
—
:zz_io
621
52%
4
130
3%
23
a
50
3
30
-
4
23
5
56%
57
—_
B_——
1_,
May
•>
14
...—*
—
Pumps
___:
50
26%
100
ZZ2.50
;—
class
10
14
79%
...*
3% Jun
57%
10
Jan
23
Nov
Jan,
47%
Nov
47%
47%
10
40%
-Ma'
13%
13%
31
8%
143/3
141/,,
-
Apr
Jan
OCt
11% Aug
^__
*
3%
50
2%
Apr
3%
NOV
53%
200
41%
Apr
53%
Oct
Timken
11
29
Rolling Mill—
Motors
Standard Brands
10%
.
Jan
14
Oct
Unlisted-
Columbia Gas
'53%
*
^—.10
General
Roller
——
63%
—29%
Bearings———♦
__
147/3
iog
12
Jan
17% July
4V*
\V%
230
3%
Jun
62%
63yz
275
51%
Jan
66
49
28%
Feb
33% July
35
43%
Apr
52% July
28%
49%
29y2
49%
5% Mar
July
Oct'
18%
19
500
1
13%
13%
100
11%
Feb
14%
10
36%
36%
50
32%
Jan
38
July
5
39%
39%
100
33%
Jan
47
Sep
15
!S
100
125
,35%
15
120
125
33
36
34%
10
100
50
14%
20%
Oct
15
95
Jan
125
July
610
22
Jan.
36
Cleveland Stock
Oct
400
Nov
50
*
Jan
10% Apr
35%
150
24-
„
Jan
35
%:
1
88
88
30
79
Jan
94 %
31
31%
900,
26
Jan
31%
Nov
68%
68 %
350
56%
Jan
68%
Oct
♦
1
4%
4%
100
2%
Jan
2%
50
1%
Jan
2% Nov
—
10
__
.
Week's
Last
Range
Bale Price
Par
Akron
Brass
Low
Refractories
Sales
for Week
Shares
Range since January 1
Low
High
6%
50
Mfg
of Prices
—
6%
100
5%
Feb
5JA
5%,
150
4
Jun
High
6% July
6% Oct
5% Aug
2%
•
STOCKS—
Aug
31%
Exchange
Friday
;
Nov
88
100
common
common-
,
8%
13
37%
ZZZoo
Playing Card——
80
81%
100
71 Va Mar
82% Aug
42
42%
110
33%
43
Feb
Apr
*
City Ice & Fuel—
Controller
Corp
Commercial
preferred-
common——a
Bookbinding
14%
Jan
20'/a
—
Cleveland Cliffs Iron
Cliffs
Packing
...
High
28%
—
Printing common
Clark
Rath
8%
——
3%
(The) common-
Quaker Oats Co
.•
Low
36%
•L
—„.
—
Procter & Gamble
Basic
Potter
,
Range since January 1
25%
3
—*
.
Parker Pen Co
20% July
53% July
Sep
8%
—100
pfd—
„
Shares
126
i-—*■
—
pfd
American
pr lien
32% July
58% July
51
33%
Magnavox
—
2%
preferred
for Week
107
—10
—
Lunkenheimer
—
Noblitt-Sparks Ind Inc capital
Northern Illinois Corp common.
:
100
10
3
——^.—100
_—:
6%
common
Feb
9%
:
10
i.....*
Art
5%
Cylinder Gas common
—
National Standard capital Btock—
Apr
4%
Formica Insulation
100
National
July
21% July
33%
9%
50
———_—
—
7VB
common
Sep
14
High
33%
gtd——,—;—'*
nov
53%
Drug
8% July
„
51
300
14-14
20
—._50
pfd^l_.—
DoW
100
Springfilled
Micd
Nov
U
Montgomery Ward & Co
—*
——
Feb
—*
$1 prior preferred—
Monroe Chemical CO common—
Low
—.100
—
Nov
29%
Co—
.Common
paf
Cincinnati Union Stock Yards.,——*
Apr
7%
prior lien—
Miller & Hart Inc—
■
Batti
Week's
of Prices
~Afz
Cincinnati Telephone
...1
Convertible preferred A__
Midland Util 6% prior lien
..
pfd—
Cincinnati Street
3%
5
Mar
12
Apr
400
■
Range
Sale Price
Crank——;—.5
Cincinnati Ball
C
6%
capital
Jun
51% July
18
Apr
40%
Cincinnati Gas & Electric preferred.lOO
Randall
Middle
8%
16
10
Churngold——-a-—...—
950
*
18
preferred:
—ti——.8
Baldwin
300
•
55%
17%
'
18
Products
2,150
common
55%
Laundry Machine—.:
American
7
common
600
Industries—
Aluminum
American
7%
*
100
18%
*
28% Mar
■
5
^
10%
18%
common:—.a.—
-
...
7
•
Mfg class A
Mapes Consol Mfg capital—
10%
18%
Last
7%
■»
...
.
&
Sep
ntocKs—
Z7
& Co common
Llbby McNeill & Llbby common
Lincoln Printing Co common
Marshall
107
'
*
LaSalle Ext Univ Common
McCord Rad
67/8
26%
52%
100
Leath
Jan
15
Oct
Jan
May
68
9
11
7
I50
Common—
37%
2,250
Friday
Aug'
11
u
—
50
17%
Oct
17
»
——
—
47%
16%
-
.14% July
18% Aug
Jan
Mar
77%
—
'47%
17%
Brands- commoii^—
Nov
Feb
19
200
4
Jan
Sep
13% Jan
16%
17
*.
Kentucky Util jr cum pfd
29
*
'
1
common
Feb
17% July
Cincinnati Stack Exchange
11% Sep
9%
25
Tube & Lamp common A.
23%
20% Aug
9%
ZIi
common
Switchboard
Ken-Rad
2,150
1
-'r
Jun
9%
.....I
26%
26'A
(The) common.-.:—
Crosley
Katz
21% July
25%
Inc—.—.—
21 y8 July
14
common..
(W B) Co capital——
Jan
July
200
550
Jan
19%
pfd__.
Power $6
49%
48
19%
8
..100
r
15%
July
9%
Indep Pneum Tool v t c new—.
Indianapolis Power & Light com..
Indiana Steel Products
9
100
"
1,950
13% Aug
650
...io
Illinois Brick Co capital—
Illinois
66
10
1
19%
'
14
47%
Apr
18%
Nov
10
*
<_v.5
Jan
ll'/a
19%
Radio Corp of America CommonRepublic Steel Corp common-
July
12%
*
HUpp Motors conjmon__
•
6%
13%
,25
„
16%
700
*
Capital—
Standard Oil of N J^—-a,— —25
-1
Studebaker Corp common—La.^..
1
HoudtUlle-Heishey class B_
22% Nov
500
15%
Standard
3
cap
Parts—
Motor
->:
22%
Oct
20
10
10!A July
21
Oct
30
47%
19%
39% July
15%
14
10% Jan
19%
*
Great Lakes Dr & Dk com
7Vb Nov
Apr
Jan
4%
...5
Corp_.-.i.^._...
U S Rubber Co
General
'
■
Jun
35
15%
47%
Jan
13%
_1
July
66% JUly
36'A July
8
25%
common—1.
i
.22%
Incorporated
41%
18 %
General Finance Corp
Jan
71% July
27% July
25
41%
.
12% Aug
28
,
Jan
/•
1
(Glenn L) Co tommoh...
Nash-Kelvinator
104% Oct
13%
Brew- Co G
July
47%
New York Central RR
100
103%
24%
24%
'
Jan
56%
common.—
Feb
19
25%
27%
Heileman
.44
7
..1
±
a
Electric
Martin
_3L0
Co
V1 8% July
Feb
24%
100
.6%
*
common
34% Oct
'27% Jun
(Peter) Brewing common—iy4
Hall printing
Oct
12% Oct
56%
38%
Corp
Curtiss-Wrlght
4%
103
___15
1
Four-Wheel Drive Auto
Corp
C%
17% Mar
12%
500
Steel
5
—*
Elgin National Watch Co
Motors
Oct
15
Feb
9
500
Copper Mining
:
,—50
Atch Topeka & Santa Fe Ry com—100
July
*
Domestic Industries Inc class A
Fox
Feb
34
1,000
19
13% Mar
100
a
—1
commOn
Electric Household Utll Corp
30% NOT
Unlisted Stocks-
Paramount Pictures
common———___
Dixie Cup Co
5%
200
,
44
I
Dedre
62
50
8%
40%
—5
40%
29%
25%
25
_
63% July
8% July
29% Nov
33%
1
Crane Co common—
Common
34% Aug
r
.
Sep
23 %
4%
29%
^.—50
cum
Oct
Bankshares—
Wisconsin
Oct
Mar
6
7
a
common....
Oil-O-Matic
13%
11
36% Atig "
33 3% Juti
29%
51 Va
a
common...
io y2
590
•'
Cudahy Packing Co 7%
33% Jtih
!
f4
•
—
Inc
57%
100
36
33
5
-
-
1.6%
35%
36
Consumers Co—-
t'c pref part shares.
.
May
18% Feb
31% Ffeb
Jan
12%
25
..._
capital.
Stores
28%
—
,.28
common.
Consolidated Biscuit common—
v
:
Jan
31
commGn_———
common
Bethlehem
Club
17% July
i2
v
13% Sep
30%
Jah
34%
Sep
Aug
14%
20
51%
61
61
■
Commonwealth
31%
31%
ao—..
■
50%
'
,
^
cap—
capital.^
Chicago Yellow,Cab
.
29%
'
M
:——
——
■
14V2
12
3% Aug
'
*
for common——
c
*
■
31%
capitaL_'^i-i-i£^._—
Wleboldt
July
7% Oct
,
Nov
27%
:
Co
Walgreen
20
53%
19%
Jan
Zi
if Aug
10
Jan
Jan
1
United Air L Transp
13% July
1,400
71
71
—
43
16
Jun-
%
if
if
Apr
100
208 South La Salle Street Corp com--*
•
-
620
3 y4
Tiane
13%
ltt
13
■'
12% Aug
19%
Nov
Jan
88%
110% Nov
'
31
Nov
32
9
1,050
101% 102%
12 Va
'9
Chicago Flexible Shaft common—
V
Feb
3 Ve
Thompson
4%
50
Fbb
24
July
Feb
6
30%
.
Chicago Elec Mfg
106%
Nov
6%
Feb
Jan
22
50
Oil
&
20
100
100
Apr
Nov
19%
Swift international capital
41% July;
23%
32
102%
Swift
15% July
200
30%
eommoii.——
Bundstrand Machine Tool dotainbh-:
Jun:
21
"3%
Storkline Fur Corp
11% Oct8% Aug
Feb
Jan
34-y4
Indiana capital.
Stewart-Warner
8
13
10%
50
900
11
pfd—l—a
Dredge
Common
Oct
Jan
38
il
110
6% Aug
Jan
i—i——
Standard
Sep-
21 y2
<
Nov
18%
:
Jan
3%
no¬ no
Cap——;
pfd———4
tommoniiiii,.-:_ii^.-t
St Louis Nat Stockyards capital.
12% July:
Jan
23%
—
Chicago Corp common.^..^.*.
Convertible preferred
18
May
8%
33% Jan
38%
Light pfd_
common
7%
20 "
7,420
_50c
>
14
100
,
Jan
13%
21%
11
110
21.
13%
13%
36%
21
.30
—.
——I
—_
Sinclair Oil Corp..
17% Nov
27% Julyl
J. 2% Feb
20
150
10%
___«
.-u
50
100
45
10%
—1
—
—-—-—
Belt Co
17%
——
preferred
Central States Power 61
Chain
17%'
ll'/s
10
Central S W -Util common—
Preferred
2,700
45
$6 pfd—i—*
_—
Convertible
Oct
5%
26%
10%
5
———
Illinois-Pub
Central
Jun
7%
3%
17%
common—_1-
Ring
67a July
2
Jan
200
4%
17%
_1
—
(E la) common—
Piston
Burd
Apr
Jan
4%
900
7%
3%
.
Corp
_____
4%
1
1,000
1%
7%.
26
_*
common.——_5
*.-.1
Berghoff Brewing Corp—..
Binks Mfg Co capital—
1
Bliss & Laiighiin lac common^.——:_5
Bbrg-Warner Cprp common.;
-5
Brown Fence & Wire fcl A pfd__—• _*
Common
6
1%
'
17%
Corp—....
Aviation
Bendlx
•
24
Spiegel' Inc.
Bastian-Blessing Co common—
Belderi Mfg Go common——10
Belmont
5%
7%
"
Seelig Mfg A com.—
&
1%
4
:
Aviation-Corp (Delaware)..
Barlow
5%
^1
Common"—
Co
Mfg Co common—i.
Athey Truss Wheel capital
Cummins
SerriCk- Corp; class B common
Signode-Steel Strap Co pfd
'
Asbestos
commOn.i
Sangamo Electric Co
a
ta-5
20
20 y4
850
18
Jan
25ya July
22% Jan
79
78%
79
330
63
Jan
85 y2
16%'
16%
300
13%
Apr
19
July
15
15
20
10%
Jan
16
Oct
21
a20% a21
a
110
July
-
Volume 160
Number 4333
THE COMMERCIAL & FINANCIAL
CHRONICLE
2103
OTHER STOCK EXCHANGES
NOVEMBER 10
RANGE FOR WEEK ENDING
Week's
Friday
Last
STOCKS*
Goodrich
-
Cleveland
&
(B F)
Navigation
Bros
4 Mi
6 '.4
_______*
300
70
71
25
•
50
a48 Ma
,
50
1
50
7% Aug
Aircraft
Bros
Hanna
common——.
(M A)
$5
pfd
cum
Jaeger
Jones
Machine
&
54%
Jun
Chrysler Corporation
Feb
50
Jun
43 Ma
May
51
Sep
Consolidated Steel Corp—
Preferred
;*—__.*
McRee
Sessions-*.-
(A G)
Medusa
class
Portland
,_1_—
;
'Li
National
Prior
■
Refining
preferred
National
Nestle
Ohio
6%
Van
Dorn
i7
18
2,425
18
Nov
25Ma
26
1,057
20 v2
Jan
26
Nov
—1
America—*.,
11 Ma
11 Vi
11%
300-
7%
Jan
HVb
Nov
Oil
•
Products Corp—
Co Ltd A
—4
_1
15% Mar
25
Motors
Ma
3 Ma
150
4%
Corp
—
Holly Development Co-——
Nov
Honolulu
Oct
Hudson
110
6V4
Jan
Motor
Lockheed
24% July
*
Car
17
75
13 Ma
Jan
Oct
Menasco
533
32Va
Jan
42 Ma
Oct
Merchants
60
40 Mt
Jan
45%
Nov
685
52Mi
14 Ma
Jan
63 M4
14Ma
20
250
Jan
65%
Jun
10
Jan
15 Ma
Oct
38 Ma
Jan
49 Ma
Jun
50
1.462
15%
Jan
21 Ma
Nov
86
33%
Apr
42% July
50
120
47
Apr
S3
90
600
72Ma
Jun
9 2 Ma
50
14%
13 Ma
125
14%
27
8 Ma
May
Jan
33
Sep
May
16 % July
Feb
1
620
10
46c
46c
46c
225
30c
Jan
60c
21 Ma
23%
1,022
15 J/«
Jun
.23 Mi
Nov
l73/s
17 Ms
238
11 Ma
Jan
17%
Nov
1.45
1.60
950
90c
Sep
30c
30c
1,000
30c
Jan
39c
781
13%
10c
—10
13 Mi
Jan
14% Aug
Oct
Nov
45%
21 Ma
a385/« a385/a
a
18
Works_______
21 Ma
19%
1
—
Pacific
Mfg
Co_—
Gas
&
_1
*
Petroleum
Elec
Co._...
1.45
_1
1.75
Oct
May
34
34
Jan
34
36%
37 Vb
463
35Mt
Jan
37Mi July
Indemnity • Co*.*——' ;———10
Pacific Lighting Corp common———*
49
49
400
47 V'4
46
46
335
40 V4
Jan
Jan
a6
a6
40
5%
Sep
al5% al53/a
20
6 Mb
2,510
—25
common
6% 1st preferred
—25
*._
37 Ma
Pacific
24 Ma
Oct
.10
a22% a22%
50
19 %1 Jan
a42Ma a42%
35
37 Ma
Apr
45 Mt
120
38%
Feb
52 Ma
NOV
180
35
Feb
39 Ma July
Public
Service
Co
com——#
30%
Nov
4 9 Mb
46
Oct
JUlV
5% Noy
Jan
a52% a53Vb
com_
39
a
a39Ma
Pacific Western
Republic
Rice
common.J.
Central RR com
8 Ma
30
6%
al83/e al9Ma
125
15%
Jali
a
Oil Corp.
Petroleum
Ranch
Oil
Oil
Ryan
Co
—10
*—1
common.
a58% a59
—-
1
tf
Sep
20 Ma
Apr
63% July
M2 %
■
Co.
New York Curb Associate
6%
pfd
Pacific
Oil
25
class
of
Oil
Weber
Drop
Forge
common-—-—5
Baldwin Rubber common.
Brown,
McLaren
9%
Juneau
Detroit
&
Detroit
Cleve
Edison
Detroit Steel
Nav
1%
&
Fix
1st
6%
20%
Gold
Jun
2M4 July
1.459
4% Jan
2.356
342
18% Jan
llVa'July
200
2% Jan
Ma
6 Mr
♦
6 Ma
3%
6
IMa
IMa
21 Ma-
13 Ms
Sep
4%
Oct
Jan
3 Ma
Jan
2%
200
4.590
Jan
4
-7
96c
200
■'i
"l
——1
•
Sanl
key Foundry & Mack
LaSalle
Wines
com———1
3%
3 Ms
_2
common
IMa
Apr
McCIanahan Oil common.———l
Micromatic
Mid-West
Hone
Abra
1
—...
19
Jan
2IMa
i
*
•
Oct
Feb
14
57c
May
1Mb
•
Oct
1
common——
"3
Parke, .DaVis common
Peninsular Mtl
Jan
3 Ms
Aug
4 Ma
Jan
300
24c
Jan
36c
IMa Jan
1.690
400
65c
14.%
200
5
4
May
J an
VA
57/a
15
Co
Prudential
Invest
1
750
1%
Jan
3%
Feb
593
26%
Apr
Feb
-.2
3
River Raisin. Paper common—.—»
4
common—
Scotten-Dillon common
1
...1
.Standard Tube
class
B
com—...
Tivoli Brewing common
\
"
'
,
Udylite common
Commercial
'
'
•
—
Dist
'
■
10Ma
Jun
Apr
25 y4
Nov
20 Va JUlV
15%
14%
15%
850
12
Jan
15 Ma
Nov
26
25%
26
120
18
Jan
26
Nov
a6%
&6 Ma
10
10
*r—
9%
3M4
2
Mr!
2 Ms
950'
3 Mr r
3%
300
--
6%
12
Walket & Co
35
class
A;
1'
•*••..
1.650
100
500
7:12
1
Va Mar
M—
13
vtc-
a24M4
a23a24M4
—
„
*
Oil
Co
2Ma
5
2%
4
July
3%
Jan
7 Ma July
1.45 Aug
?.Mac J uly
,
Ct»rp**__.^;
—1
<Del)——*.5
5
—
1
—
Power
&
Corp—
Foods
Jan
200
113
120
28
1.9 Vb
57%
66 Ma July
Apr
13% May
19 Vi
36Ma May
Feb
Nov
33 Vb July
Mar
4 Mo
July
5% Aug
23 Ma Aug
Feb
30
July
70
„
3 Ma May
39 Vb
Oct
5
Feb
Feb
18
Jun
Apr
28M4
15 Ma
200
14 Ma
a29
75
25Ma
1
925
.Ma
Feb
16% 17 '/a
8Ms
8Mb
a283/a a28%
20% 20%
6Ma
7 Ma
*—
20%
7 Ma
917
li7/a
Jan
5 Ms
Jan
8Mb
Oct
30% Mar
32'/a
Jun
19
al8Va
40
39 Ma
a
80
180
2,754
130
17Ma
16
Nov
20 Ma
Oct
7 Ma
Apr
4% Jun
16
Oct
IMa July
Nov
18
Oct
Apr
5
July
Feb
40
May
4
100
40
593
35 Ma
a40M4a41Vb
180
40Ma May
43 Ma
a50»/8 a50%
100
43
53
57/a
6
a413/a a4lMa
1,450
IMa
Feb
100
28 Vb
Jan
36% July
a293/4 a30Vb
130
25%
Apr
5%
pfd———*
al9
150
•
4 Mt
'VA
7
Great
Co
Jan
56
a29
a28%
Graham-Paige Motors Carp———*_1
Ry
24%
12Ma Aug
163 Ma Aug
43 Ma Feb
15 Ma
17Ms
a507/a
Northern
205
222
394
75
.
a41%
Co_
Feb
a4'/2
—
*
Corp——.——
(B F)
Jan
120
—*
Light
Jan
42 Ma
534
—
1
A
9
156 Ma
a4M4
—25
Co
Tel
&
Tel
Corp
•
—
:
Mar
Nov
July
Jun
7 Ma
AUg
—
Loew's
Inc
Robbins, Inc—
New
North
i
North American Company
Ohio Oil Ck).—
*.
York
Central
American
RR—
Aviation, Inc. —__1
—
Jan
19 Ma
Aug
Feb
35 Ma
Nov
6 M«
Apr
,8 Ma July
445
25
65 Ma Aug
6 5 Ma
25
23
25Mi
Sep
53Mi
a28
53%
249
42
Apr
53 Mb
Nov
18 Ma
18 M2
375
15%
Jan
2l3/4 July
11
11%
575
7%
Jun
11 Ma
18Ma 187/s
al67/a al7M4
1,610
16%
Jan
30
15 Ma
Sep
19Mi Aug
19 Mb July
a28
533/4
•
12
30%
7 Ma
—
•
150
115
a66Ma a663/s
a663/s
_w
*
Jun
16Ma
35 Ma
7%
a30Ma
3lMi
16Ma
35 Ma
*
_*
—
I
V
■'4
■i
/,'
July
Packard
Motor
..JO
—*
^
:11%
18Ma
al7Mi
Car Co———*
Jan
Aug
Nov
Pullman Incorporated
*
—
—*-_♦
5Ma
388
3%
31
__
Phelps Dodge
J
51A
—1
Pennsylvania Railroad Co_i——*.*.50
Corp—.—
25
\
6 Ma
Jan
Aug
31
500
-26%
Jan
31
a23 a233/s
52
207/a
Feb
24% July
50 y4 July
«46Ms a46%
„
Feb
35 Ma
*
Nov
3M4 Jan
5% Oct
Corp of America—*.*.—
Seaboard Oil
Oct
9
*
Radio
235
41
162
•
;
i
of Del
Co
—
—
—
.
__
*
Standard
Brands, .Inc.—J—
Standard
Oil
f
1
Standard Oil Co
Co
J*
(Ind)—_—.25'
16%
10Vb
18%
®*223/s a22%
—
a,987/B alOOMa
127/8 13Ma
a273/a a277/s
a287/a
a29
Roebuck 6s Co*.—*
*———
Socony-Vacuum Oil CO*.———15
!33/a
Southern Railway Co__
,—*;**—_*
a27Ms
Sears,
1
I
16%
10V4
18%
—
f Republic Steel Corp———•
..
13 % AUg
■
Jan
6
5 Ma
Pure Oil Companyw*.-—
i
6% Nov
% Mar
30
200-
5y4
Apr,
25
a38% &38Ma
a38%
——*
!
5%'"
■
Jun
205
19Vb
18%
a34
-18
1 Montgomery Ward & Co, Inc—*.*.*
July
2 Ma
Jan
100
:t.9
5 Ma May
1.10
Mac
429
a33M4 a34Ms
18%
*
Zellerbach Oorp—
Electric
a61Ma a63Vb
—
.—9
Corp—*
Vultee Aircraft Corp—
1
Continental
12
5Ma
Corp___——
Edison
Continental Motors
12
Libby* McNeill & Libby—__
.
.Wayne Screw Products common-* —.4
61,000
__3
Co—_5G
——100
^*—
Solvents
McKesson ■&
3Ms.Julv
IM4 May
500
;35ma
9
—
'
950
2 Mac
a423/s a42%
27 Vb 27 Vb
66 Ma
66 Ma
5Va
5%
,5
>'4 6%
5mr- 5%
6
,
1.30
2c
,
2MaO
*
.
—1
2
450
25
1.25
'
_1
...25c
S
Nov
300
3.900
common..*.;..
2,200
Oct
7 Ma
ma
3 v4;
Universal Cooler class A——
"
13 M2
13
6%'- 7ms
.
!—
Apr
3% Jan
3 %
'
7
8 Ma
75% July
Jan
& Southern
Int'l
3% Aug
4 v4
250
—1
-——
Jari
Jan
-3
265
4
3 Mr
39
Sep
Kermecott Copper Corp*.**.
23/4 Aug
2Mb July
1% Jan
3%
.
Class B—
500
:■<
.1.1
'
1%
2.250
13%1
.-10
——
Shelter Mfg common——!—
.Simplicity Pattern common.—
United •Shirt
2Mb
2%
%
July
July
,
18 Vb
Int'l Nickel Co of Canada.——
6 Ma Aug
3IMa Aug
•
33 Ma
Sep
5Ma Feb
17Ma
J
3% AUg
1.445
2%;
Jan
34Ma
267
al63Ma al64Vb
Commonwealth
Goodrich
Oct
3 Ma
•2%t
24 Vb
200
5,588
15
General
Oct
5 ma
f— 1.1
common
■■
Aug
19
—
:
i'(HW)
Rickcl
—*l.v—*
*
Pr common——
5 Ma
Nov
37 Va
330
37
.
31 Ma
Jan
9%
L
1
^
«
Oct
3 va •
..7
57/a.
..
Oct
Jan
34Mb
Feb
5%v
Ma
5%
Nov
26Mb
25%
General Electric Co—
5 Ma Mar
,30 Mar 30%
•
5 Mb
Apr
1,356
30 Mb
30Mb
3 6 Ma
'
■1
Packard Motor Car
Apr
Jan
3
22%
29 Mb
25
Corp—
Company.—
Airplane
'I
Aug
2 Ma
1M4
-
Aug
30
a42M8
Works
Locomotive
Jun
Jan
3 ma
1 Me
14 Ma-
_„._50c
common.-.
30c
3 Ma
►,
42 Ma
27Mb
276
al64Ma
Co—**
Curtiss-Wright Corp
500
5 Ma
30c.
"3%
Michigan Sugar common—-.—
31%
—100
Corporation
Nov
50c
"
'-Michigan Die Casting common——.1
31%
—_—.——14
Couuer Mining
S F Ry
Crovm
12
4.465
.3 Ms
5 Ms
490
1,905
a365/8 a36M'a
1
La
5 Ma
26 Ma
31%
Corp.———*
Corp
Aug *
100
.1.00
99c
•
Stan
&
Borden
Cons
May
-
231
"
IMa
'
Jun
Jan
23% Aug
9%
Ltd
Commonwealth
6% Nov
640 •
13 Mi
1%'
Nov
18%
Columbia Gas & Electric Corn
7 Mi July
200
2IMa
13 Mi
,
5 Ma
51%
3 Ma
9%
Co..
Mng
Viscose
Class
21 Ma
Jan
47 Ma May
18 Ma
Borg-Warner Corp—
Jun
IV* Feb
1.484
3%
5%'
Nov
25%
Tel & Tel Co.*—
Bethlehem Steel
7% July
21
4%
780"
•7
'
6
.1
Valley Brewing .———-—1
Common
1Mb
4Mb
6%
—_1
Hoover Ball & Bearing common——10
Hoskins Mfg common
'.
—2 Ma
Hurd Lock <& Mfg common
...——1
Klnscl Drug
600
13%
6%
IMa
Stocks—
Boeing
.
5
—-
Grand
44M2 Aug
•6 Mi
4
Oar Wood Industries common..——3
General
Finance common
_1
Gcebel Brewing common
Graham-Paige common———*
Jan
13 Ma
1
Oct
Jan
21
Rad
Baldwin
Nov
9 Ma
6%
27%
1%
6
5
...
10%
100
200
39
20%
5%
26 Vb
—
26 Vb
pfd__
American
Aviation
High
Jan
1.140
1%
10
common..
Brewing
1
__20
common.-..
common—
Corp
Franbenmuth
::
»
Low
6
9%
38%
Unlisted
A T &
Ratage since January 1
10 Mb
9 Vi,
38%
common
Shares
High
10%
1
Briggs Mfg common
Feb
___.2
Consolidated Oil Co_—
Anaconda
for Week
of Prices
Low
Atlas
Sales
Range
36M2
65
Oct
HM4 July
Inc —5
—25
West Air,
&
American
1
'
20
_
Chollar G & S Mng Co_—
7 Amer
Exchange
Week's
■.? Last"
41%
23 Mb a23Mb
48c
.
■11
;;
Sale Price
41%
a
»
California-*,
Imperial Development Co
v-v
r
15
—*
Calif—
Corporation
of
Showcase
Alaska
Cons
8TOCKS-
1,205
a52
50c
Jan
7
Sep
May
8Mb Mar
Mining Stocks—
•
Friday
5%
a52
ZZi
Transcontinental
DETROIT
Detroit Stock
4%
25
A___
Company-
Co
Transamerica
Chicago Stock Exchange
'
•
5M2
'
Sunray Oil Corp
Telephone: Randolph 5530
■
301
15
Company.-!,.*..
Gas
Universal
*
1%
111
—
pfd class C—
Calif
Union
>
1%
—1
Aircraft
Southern
Idemhere
Ford! Building
493
Z-30
Standard
Exchange
200
10%
....
Safeway Stores Inc
Security Company
Shell Union Oil Corp__,
Watling, Lerciien & Co.
Detroit Stock Exchange
45c
10%
-
Feb
15%
50 Mi
5
New Vbrk Stock
5 Mi
28c
45c
10%
a52
....
common
Aeronautical
6V4
6M4
1%
Company.-
Corp
Warrants
21% July
50
169
al6% a!65/a
—
10% July
Jan
a85/a
____
So
.
500
Jan
23
Corp
Los Angeles Investment Co
Solar
t
Jan
9%
80
Co
Southern Calif Edison Co Ltd— *.^5
t
460
20
Oct
Mar
Pacific
Iron
New York
,
Oct
12
13%
a31J/a a3lMa
a31Ma
Aircraft
42
16Mb
Ohio Oil commonU S Steel common—
>
40
47Mb
a
47Mi
:^__1
Corp-,
Company
I—
Lincoln Petroleum Company.,——
Feb
9
Jan
18 Ma
Oil
Lane-Wells
2% Aug
1% Apr
150
.
131
Mar
8
7 Ma
41 Mt
common-!
A
19% Aug
15%
158
■
Co
Jan
Feb
a22% a22Ma
a45
Oil
13Ma
10%
20
131
7 Ma
Hancock
Oct
5
Jan
25
100
15 Ma
131
„
42
Interlake Iron
,
13 Ma
Mar
'
M? Oct
Richfield
.
a
63%
al4MB
280
General Electric common—
^
% Aug
30
500
500
al3%
common—_10
Graphite & Bronze coni_ -1
Firestone Tire & Rubber com——
t
11
100
30
Gladding, McBean & Co—
Goodyear Tire & Rubber Co com*._—■>
23 Ma
Cleveland
,
225
13%
30
General
23
.25
Addressograph-Multigraph
:
70
142
•
Oct
Unlisted—
•
Jun
Vi July
13%
"
,
Nov
Oct
4
Youngstown Sheet & Tube——_
1
95Mb
55
a667/a a6'8Ma
68%
a
7 Ma
45
15 Ma
Bros
High
9Vh May
Sep
18
■14%
Feb
Z
Standard Oil of Ohio.;
3%
26
Jun
5 Mi
36
Patterson-Sargent
Richman
Jan
504
*
—_
80
Mar
11
1.010
al8% al8%
A__i__
B_
Jan
1,240
*
Farmers & Merchants Nafl Bank—100
Farnsworth Television & Radio——1
27 V* July
50
14Mi
7V2
*
.___
class
class
23
20%
23 Ma
*
Tile
LeMur
Brass
20% Aug
8
45
"
1
new
2
44
Metropolitan Paving Brick common—1*
National Acme
——
.'1
,,.1
1
1
Electrical
34% July
Feb
low
5
a92
—^
Douglas Aircraft Co, Inc_
Aug
Exeter
21 Ma
a24Ma
7%
106 Ma
Jun
31
298
32
14%
•
102 Ma
45
*
;
—
'
7%
*
—
Ma
a24
*
*._
Cement
21
2i y2
——*
B
31 Mi
32
*
—
73
a90%
Range Since January 1
High
4 Ma
&90Ma
5
84 Mb May
9 Ma Jan
—
of
:•
Shares
Nov
18
12%, Feb
5
*****
*
Low
1
36%
98
Ma 106 Ma
106
___!_
.*._
Kelley Island Lime & Tr
&
*
__
Laughlih_
Lamson
106 Ms
___l
17 Ma
16%
.
Interlake Steamship ..j
'!
5
.*.
1
Co
Feb
Creameries
Halle
of Prices
Par
Cessna
Sales
for Week
Range
Sale Price
High
Jan
40
a48
*
—
Low
High
a50%.a50Ma
•
Cooperage class A
Last
■
_5
common
Goodyear Tire & Rubber
Greif
Low
Week's
Friday
STOCKS
Riinge Since January 1
Shares
of Prices
Par
Detroit
Sales
for Week
Range
Sale Price
'
a33M4
a33Ms a333/»
Jan
6 Ma
"May
•
Aug
Nov
.18
Mar
12
July
15 Ma
Feb
365
8 Ma
Apr
259
16%
Apr
2IM4 July
Oct
24 Ma
'
25
21
•
Feb
280
88 Ma Mar
531
12
Feb
"97Ma July
I4ya July
75
22 Vb
Jan
28
120
29 V4
32
Sep
53% Mar
July
31 Ma July
Jun
Apr
62
34 Vb
55Mb May
Friday
•STOCKS—
^
"
Par
Accessories Oorp
50c
Bandini Petroleum Oomaany
j
Barker Bros Corp 5 Ma %
pfd._i—__50
—
BerkM
Go„
Diajmrnd Oorporatibn-
Byron Jackson Co.,—
High
Low
Investment
For footnotes
see
Shares
45Vi
Oct
49 Va
Texas
a35Va a35%
210
33% May
37
July
July
82
July
Range since January 1
i
Low
2
800
3 Ma
—
2
2
51 y4
3
.
i
17%
2.60
Corp
100
2107.
17% '
;
{
High
100
2 Ma
Jan
8
July
Jan
51 Ma Aug
Ma Jan
2% Aug
44
500
3 Ma
2,599-
Oct
1.'80
Jan
'
3 Ma
613
15%
Feb
18 Ma Oct
"--10
21
Apr
22 Ms
*.164
45
Jan
73
65
—
18M4
a48M4
...
1
a35Vb
■
July
Carbon
a797/8
Corp
United
United
S
a79M4
Aircraft
Coi^p*—
5
a323/4
Corporation <Del)—*—...—lVb
Rubber
Co
—*——10
United States Steel Corp.*.
•
a80
allOMa allO^b
a33Vb a34M2
a31Ma a323/4
lVb
1V2
62
12
Apr
98
26 Ma
Jun
3,000
a49
10
59
__
Feb
2 2 3/4
a49
—
78%
108 Ma May
105
59
380
IMa May
43 Ma
Apr
50% May
108M« Nifty
34
Aug
31%
Oct
July
2
-
Jun
62 Ma
July
50
'
Warner BroS Pictures Inc..
Western Union
.
Jun
May
&
Union Pacific Railroad Company.—100 allO%
United Air Lines Transport——.5
a34
U
Nov
18
64%
'
>
6 Ma Feb
a213/4 a2l3/4
65
Carbide
'
250
51 Mi
1..—I.41
270
Company
*——•—-25
Gulf Sulphur Co—————*
Union.
4M+ t 4V4
'■
page
Feb
a467/b u48Ma
for Week
7 Ma y 7 Mt
4M,
1
com
>
31 Ma
Texas
5
'
Gay Furniture
Broadway Dept Store Inc
Central
of Prices
20
Jan
•
Aircraft
Blue
Range
-
Apr
27 Ma
(N J)—_—*—25
Corp
Bales
Week's
Last
Sale Price
,
13Ma
156
1
Angeles Stock Exchange
76
18%
a303/4 a31Ms
150
.;
Los
a55% a55Mb
—L._„———1
--Swift & Coinpany....———.25 ' a31Ma
Studebaker
.
Tel Co
class
W7illys-OverIand Motors Inc
Woolworth Company (F W)
11
Mi
Apr
14Mb July
95
42Ma
Feb
52 Va July
15
135
8M4
Feb
19% July
a43 Va
a44
100
Jan
42 Vb Aug
al23/a al2M8
_._4'
,-
1
10
50
a433/b a44Va
15
._5
A~.
a43%
37
THE COMMERCIAL &
2104
Monday, November 13,1944
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
NOVEMBER 10
RANGE FOR WEEK ENDING
Last
Philadelphia Stock Exchange
Range
Last
STOCKS-
Low
Par
American Stores
'-
Budd
(E G)
; Chrysler Corp
Curtis Pub Co
i
Aircraft
Lehigh
285
9%
25
55%
60
16%
1.186
44
44%
63%
62 %
64
1
3%
4
187
206
4
Coal & Navigation..
Pennsylvania RR-
66
4
8%
Jan
38.
38-
38%
4%
2074
19%
20%
844
Corp,
Reo
7%
,
Paper
Scott
Star
Nov
38%
common.—
2374
116
26%
Jan
120
Aug
Tonopah Mining
.
Transit Invest Corp common—.
(
605
28%
Oct
34%
33%
200
25%
Jan
4th
r
Chicago Stock Exch.
16
Jan
20
127
2714
Jan
33%
1174
J\m
15%
.25
Preferred
••
;
j
;i
3874
53%
51
63%
43
Jan
45%
68%
741
%
12
%
:
468"
1%
.1%
%
Sep
2
174 Max-
,
,
•
preferred
$3
—;—--—
13%
....——...—
12%
690
-
Inv
Jun
Coca-Cola
Columbia Brewing
1% July
Apr
1.877
13
31%
11%
Oct
20%
Feb
28% July
Nov
19%
20%
94
27
20%
12%
27
10
22%
.20
—r
Week's
Last
Low
Par
•
•
•
.
Star
Lone
\'d
\
Refractories
Gas——
—
—
Pittsburgh
High
Low
St
High
47%
2%
2%
100
335
28%
75
2474
Apr
29%
10%
11%
340
6%
Sep
Jun
11% July
474 Oct
Apr'
2074 July
JuiP
1074
4%
4%
1.645.
374
18%
1874
40
1574
10%
1074
21%
1074;
660
7%
Blanke
Car
common
Steel
Securities
9
174
198
1%
Feb
2
July,
1674
50
12%
Jan
16%
Nov
874
9
1.340
9
674
Jan
CANADIAN
Canadian
Last
*
Acme
„—
& Gas——
Consol
Ajax Oil
Oil--
Pacific
Alberta
Copper
Aldermac
—1.
1
L
Pub
25-yr
Serv
ENDING NOVEMBER
Gold
Arjon
common..
Shares
Range since January 1
High
Low
High
51%
11,630
27
125
90
58
Jan
8c
8%c
2,500
1.50
1.50
3,800
Mines:
—
,r——
Canada
Malting %
Canada
Packers
class
Bank
179
84
Sep
99
Jan
Canadian
Breweries
165
96
Jan
4074
Nov
97
175
4074.
10c
Jan
ADr
15c
69c
72c
17,000
7.40
7.65
2,175
40%
21c
500
21c
9c 1074c
Jun
8.05 July
3474c July
May
Preferred
1st preferred
Conv preferred
Canadian
Car
&
31 l«c July
71 %c Aug
10374
Sep
107
28c
Apr
1.04 May
Canadian
Industrial
Jan
4.40 July
Canadian
6,583
Apr
50
43 74
Jan
53
Aug
32%
33
95
32
Oct
34
Oct
13
180
11%
Nov
1374
160
168
69
10%
10%
595
36
36%
296
67
67
5
21%
2174
14%
33
Aug
Preferred
Canadian
Canadian
Class B
British
Oil
•
...
30
105
26
Sep
30
Oct
2674
2674
150
26
Oct
2774
Jan
2474c July
13%
Feb
1674 Mar
36c
Jan
2.89
July
Sep
2.45
Jan
212
16
37,125
22,374
31
29%
163%
16174
165
249
1074
9.75
10%
2,400
1.00
1.00
1.00
20
22
31
26c 2874c
10
200'
205
1-
10
46%
245
59,900
25.
4674
12c
100
14c
16,900.
Nov
60c
1.50 July
May
22
9% May
Sep
21
Mar
19
Oct
1.75
1.85
70
Nov
3.00
69c
75c
92.137
61c
70c
15,300
2.200
6c
8,250
Calmont
For
Ar
Edmonton Corp Ltd
Oils
—*
footnotes
1
oet
2874c
Apr
Consumers
Jan
1434
Sep
Con west
see
page 210'!
i
22c
40
Aug
Oct
70
Sep
25
18 74
Jan
15
2,760
1474
Sep
23'4 Aug
1574 Sep
8% Mar
7%
7%
2,295
43
43%
500
40 %
Jan
45
16
950
8 74
Jan
16 74
25
24
25
330
22 %
Jan
25
Nov
16%
17%
1,105
,12
Jan
18
Julv
8
Apr
Jan
5
Mar
Sep
10% July
Mar
10
10%
344
2674
26%
27
875
24%
Jan
28
—
42%
42%
25
351/2
Jan
45
•
157%
10
157% 157%
17
17%
'49 74
17%
".
141% May
10
49 %,
6%
1,005
66
66
90
.
Mar
Nov
July
20
61
Jun
Jan
6
74 July
21
Jan
71
July
60c
Apr
44
25
6%
a.
Jun
15774
Jun
15
40
6%
A—*
5
Va
1.75
Oct
Mar
3.55
574
Jan
c
Sep
14
1
2.05
2.05
400
1.50
Jun
1.04
1.10
2.200
2.20
2.25
6,535
2.20
14 74c
,
13 %c 14 %c
28c
—
32c
Jan
1.26
2,50
Sep
Aug
Jun
3,325
8 74c
Jan
21c
May
17c
Jan
48c
Mar
1.35
1.35
3.15
Sep
1.72
Feb
1.40
1.40
160
1.25
Nov
2.00
July
2.88
3.20
31,255
1.57
Jun
3.30
Sep
12
11%
Jan
1.44
14,630
12%
130
50c
47C
51c
59,168
30c
30c
30c
400
1.50
1.50
500
—•
1.45
1.43
1.52
2,276
51%
51%
52
1,913
*
*
*
1.62
Feb
Jan
3,400
& Smelting—..5
Gas (Toronto)
—100
Exploration
Imperial Mills
90c
2.30
July
July
3.10
.—..5
Mining
Davies
93c
Jan
6.20 July
9%
Jan
21
11-n Mar
1.75
1.80
Jun
Jan
....*
Mines..
Apr
1.40 May
Apr
May
2174
10 '/a
"
Dairy Corp common...
Jan
1.70
18 74 May
*
—
Jan
1074
18c
85c
85
7,203
11%
1574c Jan
29c
May
1.15
Jun
1.33
Jun
38 74 Jan
128
Jan
14
July
51c
Nov
33c
Mar
1.80
Oct
2.20 July
5574 July
141
140
142
85
1.13
1.13
1.15
200
90c
Oct
2.84
24
60c
23%
24
133
21
May
24%
60c
60c
200
60c
Aug
70c
8
8
50
5
Jun
8
Nov
12 %c 12%c
2,500
12c
Oct
18c
90C
1.05
2,200
70c
Jan
1.12
July
July
3774
14174
Aug
July
Sep
Sep
1574
3.000
7,592
20
l
Petroleum;—.
Jun
50
7,290
72c
11%
1
—1
1
23%
85
■
70c
11%
....—_1
Mines
Co
2474
10 74
22c
...
—...
Gold
Nov
18%
2U
72c
20
Mines
2434
'
*
...25
Corp..—
27
Apr
18
1.80
12% Mar
Jan
15%
1
Coniaurum
1174
2574
Gold
Mines
i7c
10%
Ltd
Plow
Consolidated
July
Cosmos
Cub
Aircraft
Distillers
Dome
2.24,Mar
25c
July
—,
Petroleum
Delnite Mines
Seagrams
Mines
Dominion
*
....1
•
common...
new
*
90c
39
39%
2,245
33% Mar
42
"
...
Ltd..
25%
25
26
675
24%
Oct
18%
18%
18%
60
17%
Oct
31% July
1974 Sep
24
23%
24
945
21%
Apr
15
15
455
13%
Sep
class
15
Nov
100
Nov
-
8
Dairies
Foundries & Steel com
Steel
Aug
10
,
Dominion Malting common
Preferred
Dominion
.*
—
..—
Dominion Bank
Dominion
Cnierarv
Jan
7%
*
Lake
Coin
Mar
20
79c
Cockshutt
50
17 %c Aug
583
•
9%
31%
65
.1
Wiilans
Jan
6%c Mhr
705
pfd
Oct
Nov
168
*
—
Mining
Cochenour
4374
5,133
5.75
2nd
Jan
15%
Chesterville Larder Lake Gold Mines__l
Chromium
Coniagas
1974
6c
Mills
Oct
43%
.......
Research
Oct
23%
77c
Patricia
10
2374
5.30
Products Ltd
com
Central Porcupine Mines
Chemical
Jim
19%
6C
Central
8 %
2274
78c
Co
Commonwealth
2074
20
5.50
1
15
*
Alcohol
Tretheway
Jan
23
505
Nov
Castle
67c
23%
6,000
J
*
Ltd
..
145
*
—
Ry._
Cariboo Gold Quartz Mines
Aug
22c
27
•
Linen
July
11.00 July
18c
Gold Mines
Caldwell
31
165
8.50 July
1474
Canadian
Building
Jan
Apr
2174
151
27
,Ankerite Gold Mines
Mines.
1.31
14%
Buffalo
Porcupine
165
Apr
17 74 c
Buffalo
Broulan
July
Sep
10c
2,800
1.64
73c
High
9 %
25
Pacific
1.65
*
—
—
Dominion
Jan
20
—
Malartic,
Oils
Canadian
151
1974
•
Oil
Power class A
Columbia
Canadian
Sep
15
Cordage
American
British
British
Nov
1.55
14%
672
•
Products
Food
18%
1.55
1
Low
High
•
—
Oct
1.60
1374c
__
3674
—10
new
_——u———.—100
15%
1.57
—...——..50
"
common
Dredge
570
'
—*
160
—*
A—
common
16%
14c'143/4C
26c
100
—
Celanese
28%
2674
Range Since January 1
49%
preferred
Canadian
Montreal new..:
Nova Scotia new—
Shares
37
Locomotive
3.20
New
Canadian
16
10c
Sales
for Week
49%
Class
Foundry
Oct
2,948
pfd ———.25
Brazilian Traction Light & Pwr com..*
Nov
Mar
•
J«n
10c 1374c
Brantford
75
33
—
37c
3.75
*
GO 74 May
$6,000*
30
...
R%c
20
———_
Mar
37
common—
Apr
164,100
Ltd
35
116
common
Mar
92c
Mines,
Oct
Jan
.31
20
*
Canuers
58c
105
Bralorne
Jan
Nov
12
May
Preferred
Canadian
18 %c
3.90
!—1
75
12
25%
103
—
Commerce
Oct
3.75
Mines Ltd
Bonetal Gold Mines
3474
Sep
Jan
9%
30
■
Nov
78 %c
Ribbon preferred
170
525
B
7c
90c
Bobjo
25
110
12
Sep
9 74
20
25%
116
1—50
26c
89,860
Blue
,
Oct
37
A—
Cable
&
3,500
901,200
Hats
Nov
9%
——
Wire
5,700
•-
30c
105
17c
Nov
76c
5.75 May
29c
,
10174 July
5874c Feb
55C
Biltmore
62
9
Mortgage..
Canada Steamship Lines common
Canadian
22c
——
Apr
115%
Permanent
May
95
7.65
1.79 Mar
Canada
98
100 100%
71c
:
Jan
May
Jan
18c
—....10
Bank of
-.—10
Bank of Toronto new—
—10
Base Metals Mining—
*
Bathurst Power & Paper class A—*
Bear Exploration & Radium——1
Beattie Gold Mines Ltd
...—.—1
Beatty Brothers Class A————*
Bell Telephone of Canada
_100
Belleterre Quebec Mines.—
—1
Berens River Mines
—1
Bertram & Sons
...——~5
Bidgood Kirkland Gold.
——1
55
Week's
B
89
5
40 %
1,10
Class
Class
42c
of
Nov
1
>
Nov
July
97
95
14c
Oct
7c
Nov
13
97
97
125
874 Mar
125
20c
Bank
107
Low
—
Canada
50 %c
—1
Jun
Range
Canada Founday class B_
Feb
1
Bankfield Coils Mines—:
105
-—:ioo
___
July
12
-1
Aubelle Mines Ltd
4
of Prices
Sale Price
common!—
33c
1,000
5,350
——1
Ault & Wiborg preferred——
—100
Aumaque Gold Mines.—
1
1
Aunor Gold Mines
—~————1
Astoria Quebec Mines.
27
75
,.1964
inc.
conv
—j
14c
11 %c 11% c
12
11 %c
10c
—1
51%
Apr
115
of Canada 5%
Armistice Gold
Mar
12
Preferred
47%
——-*
—
Ltd
Co.
Jun
17
10
Canada Cement
Sales
18c 1874c
—.100
*
pfd._100
American Cyanamid Co common—10
Anglo Canadian Oil—.
-——*
Anglo Huronian Ltd ...
Area Gold Mines Ltd.
_1
Preferred
Aluminium
Aluminum
Nov
8
MARKETS
LISTED
for Week
125
*
———
Steel common—
Algoma
*
131
Jan
71
12
—15
Last
8c
100
preferred __—
Gas & Oil
7%
Mar
Apr
74 May
32
Par
Range
Low
■
44
123
30
3474
12
common.
Apr
5
10
2574
18 74
2474 Nov
1774 Nov
Apr
1274 May
25
7%
10
_*
Oct
1874 July
26
7
*
—
Nov
1074
16
210
131
62
common
<
16 % May
70
50
3974
1674 May
115
17%
107
STOCKS—
51%
pfd—,.100
6%
17%
2474
25%
26
'
Paper
20
62
Funds
of Prices
Sale Price
Par
&
1774
107
common
Exchange
Week's
Friday
Power
Apr
12
Feb
5
3974
Friday
Toronto Stock
Abitibi
10
BONDS—
St
FOR WEEK
RANGE
STOCKS—
300
674 Nov
Nov
1%
Nov
200
—100
Wagner Electric common..,
16%
Sep
1374
Jun
12
100
Aluminum
Sterling
43
Apr
5
.
10%
131
131
10
—
Inv
Jan
11
125
17%
5
———
Nov
3574
435
17%
17%
3974
...
Nov
2174
300
674
2474
—
—
2%
Jan
1774
—.10
Oct
Apr
7
10%
10%
Nov
48
Sep
45c«
12
com...—.5
common...
preferred
Sculiin
174
13
6%
Dry Goods 1st pfd.—.—100
Preference
1674
41%
13
47
50
21%
4074
——*
Prod
common...
Candy
Louis
1st
Oct
21%
40%'
,
.......
Scruggs-V-B Inc common.
July
28 74
4%
Brewing common—..
Forgings
———
Pittsburgh
47%
100
*
Rice-Stix
'
—*
10
-10
Fuel Supply..,
Mountain
13
*
National
Range since January 1
11
*
Electric common—*
—
&
Gas
Shares
2874
Ludlum Steel..————*
Harbison Walker
11*4 Aug
Jan '
common
Meyer
for Week
of Prices
Sale Price
STOCKS—
Columbia
Jan
974
Midwest Piping & Supply common
.*
Missouri Portland Cement common__25
Sales
Range
Friday
Co
674
50
McQuay-Norris common
Pittsburgh Stock Exchange
Blaw-Knox
170
common..
common.
Oct
.36
10
common
Clay
Aug
Oct
Feb
13
International Shoe
Laclede-Christy
10
974
...100
Key Co common
Knapp Monarch
Jan
1374
13
——*
Preferred
Shoe
27
23
5
1374
35
Aug
Feb
11%
330
35
35
9
28
200
25%
Jan
6 74
—5
.—.10
Johnson-S-S
Westmoreland Coal
Allegheny
Brick
Pressed
8%
1374
"
common
High
Low
High
2474
25
Range since January 1
Shares
8%
.5
common..
Brewing
Huttig S & D common...
Hyde Park Brewing common.
Nov
for Week
of Prices
1
common.-
Hussman-Ligonier common.
15% July
Oct
38%
Sales
Range
Low
Bottling common—1
Jan
449
38%
Exchange
Week's
%Par
.■*
American
Hydraulic
.10
Westmoreland Inc
37%
1274
-—-
United Gas Improvement.—.
1%.
38
Jan
1
-
174
1%
United Corp common..——
593
/
Sale Price
:
1% Aug
u May
Bell Teletype SL
East
Sep
33
CEntral 7600
■'
,
-
Friday
Nov
Jun
11/3
Phone
•
St. Louis Stock
Griesedieck-West
i'
!
44%
62%
1%
.
"
Aug
43%
1871
Chicago Board of Trade
Nov
3
1'
Sep
St., St, Louis 2, Missouri
Afioolate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
Mar
153
14%
.25
Apr
Feb
17%
1%
Nov
521
Exchange
Bt. Louis Stock Exchauge
3674 July
Zi
29%
29%
Oct
82
29%
33 %
62%
Oct
21%
35
28%
Jun
Oct
118%
17
*
35 74
Established
New York Stock
*
.
Nov
28%
'
;———
3074 May
120
Jan
22
1874 May
——-
Oil
7 74
35
STOCKS—
.'
Jan
Members
Jun
31% Julv
32%
14%.
*
3 74
2974
North
300
Oct
57s
,
Jan
17%
—1
Motors
Apr
33%
—50
2.600
Edward D. Jones & Co.
Oct
33%
33%
——————.—•
Co common.————
..50
preferred ——1__.
2nd
12%
Jan
3$
2.016
26%
26
171
Philco
;
5%
125
4.201
2.496
25%
7%
_
...
Aug
5%
118
674
■■
St. Louis Listed and Unlisted Securities
July
Feb
31%
Reading
Sep
3
5%
...3
Sep
47% July
30%.
•
674
Oct
11
Apr
Apr
5%
26
94%
62%
Jan
Mar
Feb
Philadelphia Electric Co commonSi preference common—
.100
4.40%
preferred
—
—2o
Phila L'iec Row.8% pfd——
!
5
5174
Pennsylvania Salt new com—.
\
78%
40 7ti
39 %
31%.
—10
5%
Feb
Sep
334
6%
5%
474
7%
1
6%
Jun
121
Jan
80
100
16% Aug
—50
—
——.
Steel.
Westinghouse Air Brake
Oct
13% May
1
Pennroad Corp
574
164%
1.325
11%
11%
Power & Light
National
j
9174
15%
—
Co.
Engine
90%
55%
44%
Jacobs
Alloys
5%
■■■
High
Low
95
119% 119%
119%
12% July
100
55%
...10
Motors
General
24
Jan
100
14%
.—.ma
Light...
Storage Battery—
Electric
Apr
24
9%
—J
,—
Power &
Delaware
18
23 %
-*
common.--—
Prior preferred
(-
Jan
90%
:—5
,——
Vanadium
19% July
Jan
156
10 %
24
Works v t c_
Mfg Co common———
Baldwin Locomotive
"
1474
90
-III
common..
Range Slnqe January 1
Shares
High
Low■
—25
Shamrock Oil & Gas
High
674
163% 164
16374
10®
13
Tel & Tel
i American
Low
17%
Pittsburgh Plate Glass.
Pittsburgh Screw & Bolt Corp.
Range since January 1
High
17%
17%
—
Shares
of Prices
Sale Price
Par
for Week
for Week
Range
of Prices
Sale Price
Sales
Week's
Friday
Safes
Week's
Friday
STOCKS—
B
*
8
50
7
July
*
;i—10Q
100
98
100
165
98
Nov
—25
8
7%
8'/a
2,323
7
Apr
Mar
9 J/4 July
26% Aug
9% July
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
CANADIAN
MARKETS
LISTED
RANGE FOR WEEK ENDING NOVEMBER
Friday
'
1
',
Range
Store?
Dominion
Tdr
Chemical
&
Dominion Woollens
Duquesne
East
•
'
Co
common
*
10%
1
Eastern Steel Products
■
■
Ford Co of Canada
Foundation
Co
Frobisher
50
28,400
13
Apr
Oct
63 %C Aug
29
Jan
5
5
55
>3
Jan
5
8%
Feb
10
27/8
3
5
1,860
255
1,025
6
37
8%
4.75
37%
Gatineau
5'4
PoWer
Steel
20
20%
63c
67c
5.25
5.40
,
r.
1114c
lie HV2c
>
29c
27c
25c
22c
Eagle .Mines.—:————1'
Gate Mining....———
.1
Mining Co
—1
Goodyear Tire & Rubber common
41/20
..
Golden
t
v
Preferred
t
v
5»4
•
■
Saddlery Co common.—1*
Preferred
'
v.
Mines Ltd—.———....1
Gold
Mines.
60
140
52% Mar
56%
6%
40
19%
814
15
5%
Jan
5014
10
29c
19,800
5%
87c
florae Oil
6c
10,700
42c
42c
46c
3,100
57c
56c
63c
25,500
1,500
80c
70c
12c
12c
10%
10%
10%
2.80
Gold Mines——
2.90
35c
37c
■
Preferred
Petroleum.——
JM Consolidated Gold Mines..
,
Kelvinator Co
Lnkc
17
19
Apr
12%
10% Jan
7%
7%
7%
50
13
13
100
7%
7%
7%
200
75c
3,500
2214
71c
21%
21%
21%
28
19%
Apr
23
514c
1,700
4c
8,000
PAc Jan
20
12%
19,790
1.10
19.052
10%c ll%c
5,000
18%
1,760
14%
6.45
1,253
3.50
80c
17%
6.35
6.20
Jan
-
14
16
125
16
6%c Jan
15c
13%
17
Nov
3%c
3%c,
4,500
May
2c
Jan
.
1.24
1.23
1.26
15,205
Little Long Lac Gold Mines Ltd—..*
1.38
Loblnw Groceterias class A—26%
1.37
1.45
11,650
26%
26%
1.03
Jan
6
%c
235
-'Class "B"
.L'_> '
—
Goldfields
Louvicourt
Macassa
——1"
25%
' 25
91c
:
88c
...—1
Mines, Ltd—
25%
.
28%
22%
Jan
Oct
4.00
3.90
4.00
4,885
2.75
2.65
2.95
10,210
2.12 May
Madsen
Mines—i—1
2.32
2.20
2!32
13.344
1.60 Jan
3.65
—
Malartic Gold
Manitoba
Fields
3.45
7,000
9%
5
7%
Jan
8%
—
12,250
2c
9%
Maple Leal Gardens pfd.—
___„10
Maple Leaf Milling Co common..9
3.70
l%c
-
9%
745
5%
Apr
3.25
Oct
4.25
9%
14%
15%
;
—
—.—-*
Maralgo Mines
——..1';.
Massey*uaiTis common—^.—..—.—*
Preferred
7%c
Feb
','115',:
13
.4,500
:
lie
8%
743
21%
735
19%
7V4
7V*
8c
:
7%
common
Preferred
100
McDougall Segur Exploration
Mclntyre J'orcupine Mines—
Jan
McKenzie
.
Red
Lake
Mines—
McMarmac
Red
Lake
Graham
McWatters
Gold
!
Mining Corp
-
100
1.80
51,640
4%c
,5C
6,000
14c
18c
16,650
25c
26c
5,000
7c
15c
17c
—.1
,
'
,
"
22c
14
i.
Monarch
Knitting preferred
L100
'
'
Moneta Porcupine
1!6bc :
Montreal Light Heat & Power...'.'
Moore
—
Corp
National
;
common—
Grocers
Preferred
Co
common———*i
20"
—
National Petroleum
24c
5c
.
1,600
13%
T_
-14
24c
78,000
,2^c .': 20%c
,2.10
2.06
Gas..——*
&
59
——1
—
Mine?..
Oil
59
1.71
5c
Mercury Mills——
/ Mid-Continental
2,000
1
Gold
Mines
6%c
'
McLeilan Gold Mines—..
McVittie
35
6J/4C
1.78
....
;
,
j§8
28
Pipe Co
'
National Trust
Negus Mines
Nordon
Oil
j+Ji'.100
Corn
Canada
Northern Empire Mines
North Star Oil common
O'Brien
O'Leary
*
,
16
Feb
2%c Sep
13
22
3c
2,600
20 Vt
55
4,10
5,585
55c
1,000
5c
Mar
10c
Sep
34c
Mar
50c
Jan
175
13% May
16
Jan
('
1.06
200
90c
Jun
Sep
1
70c
10,265
6lc
Oct
11
261
,M
525
14
14
,
10
—*
28
Z100
-—
111
28
385
21,300
17,368
—i'
65C
65c
72c
-4.-1'
—-
53c
52c
55C
3c
Mine*—
Malartic Mines
For footnotes
see
page
2107.
10
Aug
42c
Apr
46c
114%
Jan
Oct
Sep
5c
2%c Oct
Mar
3c
1,000
1.35
15,900
65c
Jan
322
19'
Feb
30 '/4
23%
Feb
30^2
Nov
61
Jan
70
Nov
68%
Jan
77
30%
30%
150
68%
70
100
75
76
35
2.80
2.98
31,665
2.80
.
16
22c
2.04
.
1.44
1.38
1.56
2.50
2.60
Jan
12%
31,905
2.55
1.70
1,410
2,400 "
Jun
.
27c
May
1
3.60
—5
1.-15
Mines
3.50
3.75
1.15
145
1.25
Oct
1.94
Apr
2.90 July
53c
15,763
110% 110%
I100
234
1.10
300
1
———
3.20
80
45c
T
50c
,140
5,130
88%
July
22 %
515"
125
,
•
500
46%
9%
,
27%
8c
Apr
Nov
1.25
90c
112%
Sep
:
1.15 Aug
54
Nov
J;
Jun
54
54
52%
Apr
105
40
85
Jan
105
Nov
100
29
80
Jan
100
Nov!
19c
19c
25c
4,560
Mar
35
60c
59c
—1
16
16
-—
.50
—
41
13
7% '
700
>
6%
2.78
3
1,590
18.455
1,696
62,350
Zj'
————-——-
V.
17C
4.80
4,137
75
74%
Worts com.
22
i.H
22%.
1.08
;
.
,
!
5 %
81
82%
160
1
1.17
1.03
1.25
34,700
»
19
18
19
60c
.
Aug
Oct
Oct
13% July
19c
Jan
24c
Jan
Mar
5.45 July
75
Nov,
1.18
Aug
Nov
22%
Feb
20% Mar
.
200
82%
May
4.50
151,950
5%
Aug
57%
1,718
1.18
2,96
Jan
6c
Oct
.
5% July
Jan
17e
2.385
22%
—
41 'A
Oct
6.00
.
565
17C
!
4;75
4.70
69%
-i
Mihes, Ltd—.—
18
Jan
,
1.96
Sep
SVa
Jan
32%
20
4
Sep
Jun
9%
Jan
12
125
41
3%
19
8% Mar
.
Aug
95c
Apr
Mar
40c
30
16%
,
15c
24,950
9
7%
16%
—
.
15
.
63c
,
9
9
5
•
11
-Preferred
185'
185.
Mills com
Jan
59
Jan
;—
&
common
Nov
Wesfrons
Ltd
—
—»•
—
Wiltsey-Coghlan Mines
———.
Ymir
Yankee
Girl
2.9
Sep
17 c
Aug
22%
18
1
160
Jan
Jun
13 % May
59 %c
48 %
Jan
185
2.17 Jul
4,500
4%c Jan
,
1
■
Last
Sale Price
STOCKS—
British
Columbia
4%c Jan
17c
Apr
50c'
87c
Jan
87c
95c
«mo
45c
1.02
Aug
22c
-2.10
19%c.
19
Nov
85
104
Feb
108
Sep
9%c
31.000
6
458
-
Friday
Feb
1.056.
2.24
Jan
,
5%:
67%
'
.5
3.50
3.70
1,000
Sep
Jun
Sep
20c
May
7% Mar
69%
Apr
2.95
:
,
Jan
4%
2,450
3%c
4C
60%
■.
Nov
.
Jan
4.50 July
3%c Aug
4%c July
1,000
5 'A
sun
1.4c
71,600
2-34
f>x loo
23c
27,200
1.81
1.20
10c
1.37
17c
July
Apr
Jun
Jan
2.50
0%
5 %
Nov
Oct
17e
Jan
4.50
Oct
Canadian Funds
32c
Par
Week's
Sales
Range
for Week
of Prices
Low
National Corp
2 900
2.05
15
Exchange-Curb Section
-
.
Andian
8c
.
4,660
Aug
2.00
Shares
Range since January 1
v
64c
4 "A
147
3%c
.
60% July
11 %c
8c
2.05
5%
3.55
Minps__
Gold Mine
Toronto Stock
.
Nov
62c
12%c
152
Jan
Oct
6%c
July
63c
-
Jan
80c
141-
Oct
18
Jan
955
.
79%
67%
Sep
May
25
1,705
23,900
6c
94% Mar
121%
—1
—
Wrlght-Hargreaves
Jan
104% 106 Va
.100
Winnipeg Electric common——
—100
Preferred
—-
75
6% Mar
35
125
141
common.——..—
Preferred
4% July
15
Zoo
Malartic Mines-——
West
120
.
————.
12%. Nov
57
5%c
-
.100
Grocers
Preferred
Oct
July
Aug
Brown
,
Co
Canada
&
Co
Westinghouse
Consolidated Paper
300
18
90
90
2.25
2.20
2.30
38
95.
1,540
21
23
Sep
1.40
May
Oct
Nov
2.45 July
July
40% Sen
—.
•«
—
.
8%
38 %
95
28%
Apr
8
8%
41
7%
Sep
10
70
8%
Apr
10
54 V4
8%
*
Jun
19
90
14% May
80
9%
38%
,J
B—
Vinegars
Canadian
85
18
High
Lota
High
22 V*
18
—
——
class
22
90
com_-
—-—
common—
Preferred
Burns
—
Pulp & Paper
Preferred
•
100
class A———-
Flour
I
Oct
110
105
————-——•
Canada
.;
Jun
Oct
Sep.
,
79c
-50
—
&
Feb
Aug
18%
82 -
.
.
Aug
Jun
Mar
-
.100
4
Oils.
4.00 July
Apr
1.05
38c
Oct
99c
36c
?
<
.,-.50
preferred———
Trust—
12c
Western
May
2.24
Jan
■
:
July .;
1.96
'
; i
16
Jan
15c
-
Jun
4.40 Aug
Nov
'
25
16
21C
22C
|
Nov
70
— ——
:
1.25 July
f
Jan.".
77c
30%
3c
76
common—
\
Oct
30
Apr
Apr
1.25
1.35
'"
July
Sep
May
1.21
_v
*
15
30%
,———.
——-
■
14
1.13
5%
___j
12
105%
;
July '
Sep
»
Oct 1
92c
Feb
8%
12
110
111
1.10
Apr
8.75
10
45
10
27
110
:
10c
"
July
59c
-is
!
■;
i|
22,100
11,
Wasa Lake Gold Mines——
Apr
46c
>']
Oct
Jun
4.45
Jun
8c
67 c
70c
Z
Exploration CCo—;—
Preferred
July
40 %c
Jan
56%
13c
Gold
Apr
3.40
40c
10%
5%c Jan
1
*
Sep
21%
1.06
1
.
Oct
1,15
.1
;!'1
Jun
37c
1.06
Steel
Western
1.80 Nov
Jan
56%
—M
—
Mines
Aug
29% July
5c
Jan
lie
Oct
90c
Mines
Ltd
21c
52c
Apr
May
14% Sep
15 %: 15%
:
i1
——
Walker-Gooderham
Jun
1.75
200
20V2 .20%
"17%
13
!
.
1
Mining
Northern
■
',185
1
Normetal
7c
35c
8c
-
•
_i.
—
Norgold Mines
Northland
•
1;,
—ua
Noranda Mines
•
m—* >'
.j;;
j! t
Jan
3c
.25
Waite-Amulet
Oct
74y2
28
3.1%c ll%c
class;,Axm--" f/'
National Steel Car—
Nov
Apr
Oct
10%
July
Sep
;
^
29%
23
19%
*
Vulcan Oils Ltd
Oct
30
1^%
.
63
Mar,
17c
18,400
26%,
*12%
-
28
25c'
,
64c
20
7c
II
Aue
18
4.00
4.00
■-1" tf-
Jan
6c
400
2.62
,
National Sewer
64c
Jun
460
;
Ventures, Ltd.
Oct
2,802
2.16
'85' 88'A
60c
107
Jun
55% May
-1.34 May
3%c Aug
12c
Sep
6
1,575
58 '58%
/i2%
.
Jan
20
20%
'
_1
Mines-—
Mortgage Co
Vermilata
May
9% Jun
6% Apr
102
Jan
340
106V4 106%
..
6%c
59
.—5
1:/'.
Feb
1.25
J an
4c
'
21
'
McColl-Frontenac
Aug
27%
2.73
1
'9%
Nov
27
27
Unper Canada Mines Ltd———ZZi ■
22
8V2
8%
%
19%
4%c Apr
7% Feb
21'A
■
20
....
17%
17%
__
Nov
July
ll'/a
44C
.
Sep
,
1,65 July
2.92
19
m
;
•
Preferred
250
Feb
Jun
15
Jan
8.25 May
7,900
1,670
City Rapid Transit common-
United
Jan
10
14%
;
1.64
7%
,
6% Jan
2.32
8,500
41c
Union Gas1. Co—4-———*—
Jun
3o
l%oMar
15c
40c
—4—
United Corp class B
United Fuel class A
,2.42 Sep
———1
Eastern Mines..—i.—i—*
Lake Gold
35
j.
Traders Finance
Twin
4.50 July
2.95 Sep
Red
Jan
29%
37c
Transcontinental Resources
July
1
7 5c
77,740
1,500
17 %c
6c
13V;c
—"—10, '
Mines
General
Towagniac
1.03 Nov
MacLeod-CocKShUtt Gold Mines..—;—.1
—
3.40
26
45,878
26c
41C
Mines-—-—;—
Gold
Toronto
Sep
Sep
1.60
Feb
1.20
18C
—
Canadian
Toronto
July
Jan
58c
215
176,000
■
1.03
Apr
90c
21%
1.07
,
2,600
13 %c
Power—_
ZZ—50c
Mines—-
—
Toronto Elevators
Jan
1.45
12,100
20c
—-1'
"
Lcitch Gold Mines, hid—
44c
1.12
—1
Toburn
Apr
1,245
?8c
39c
1.28
29 3A
Tip Top Tailors preferred——,
Oct
2,450
17
2,700
,
Thompson-Lund Mark Gold Mines
6.75 Julv
3c
1614
10 %c 11 %c
••
-■-1,
Texas
20y8 July
15%
10V2c
Mar
2,386
10485
&
preferred
89c
15
2.60
6c
IIZIIIi
Teck-Hughe.i Gold Mines
Jun
5.70 Jun
Oil
Oct
1.27
Feb
1.73
Oct
Nov
6
2.49
Mining
Petroleum
93C
70c
*•
:i3Vs
—,iu.
Sturgeon
25
1.28
ll%c,
_—i—-—
.
7,900
6%
2.55
——.
B
3,200
1.00
143/4
I 1
-----
1.15
86c
,
1.35 Juiy
Mar
83c
'
2.75 July
9%c 10%c
15%
—
X
3
1,
1.51 May
Jan
4,100
3.700
—1
—1
Mines——
Gold
5,500
6'A
88c
——
1.16
1.10
1.10
1
Sylvanite Gold Mines——-—
May
1.74
1714
-
19c
2.55
*
Stuart
Nov
Sep
4.50 Aug
Steep Rock Iron Mines———-
July:
10V2C
3.05 July
Sturgeon River Gold Mines——
Sullivati Cons Mines———'
Nov
1.20
1.60:
—.1
*
12%
Jan
2.40
1.70
*
20
8.75 May
Jan
Preferred
Aug
90c
1.84
2.08 May
Co of Canada
Steel
6%c July
Jan.
14
405
19
1.04
—
3,630
Stedman Bros
Jun
8c
Nov
4,868
Standard Chemical Co
Jan
41c
5
2.70
Malartic
Springer
37% Nov.
Apr
Jan
11%
Lang & Sons Ltd
Nov
Jun
4.00
class
End
South
Oct
112
5%c
:
25% July
106
23c
1,08
Laura Secord Candy—
Lebel O10 Mines
Jan
May
44 %c July
Jan
4
1.10
Water
Gold
Sladen
28c
Oct
10c
3%c Jan
3.85
Preferred
Siscoe
Jun
Mar
4%c Jun
—1
Cadillac Gold Mines—
15
5'
2.65
Dome
Preferred
July
99
3%c
:
9
1.00
300
'
Rouyn, Ltd—
Simpsons
Nov
1,276
32c
Ill's
Mines
Jan
39,845
5
14 %c July
Jun
1.14
Sherritt-Gordon Gold
7% Aug
13
108
.
3,145
29c
1
...
6%
1,730
32c
Jan
54 %c Feb
5
21%
Sep
9,%
3,000
41c
Oct
1.50 July
2.65
—Sigma Mines —
Silverwood Dairies common.—
,
7
63
37%
Townsite——
———L10%c
Labrador Milling & Exploration
1 y
Lupa
112.
32%
*
Lake Dufault Mines Ltd..—
Lake Shore Mines, Ltd
!
,
^45
'105';
—
Kirkland
Lamauue Gold
2214
1C5
112
—
970
7%c
July
1.15 Mar
7c
Sep
101
91
3.85
Creek
Sheep
13% July
-
7c
38C
*
15 % July
12
7C
39C
Gold Mines———
'—150
Corp class A—.
Shawinigan
Sep
12%
1
Lawrence
Senator
Aug
17% Oct
—■»
Mines—.,
——
Jan
11%
1
of Canada
Kerr*Adoison Gold
Kirkland
84% Aug
265
6,567
62c
Feb
Jan
1
Sand River Gold
July
250
10c
,
—*"
San Antonio Gold Mines Ltd—
July
32
Jan
4,026
1' *
—
42c
12
25
84
Apr
26% Mar
14
..—1
Mines
2Gc
"
9c
9C
Aug;
1,07
Aug
45C
90
5,450
Oct
20c
1
Mines
St Anthony
St
3.70 Mar
Sep
12
*
Mines
July
2.80
100
1.35
Z-I-io,
July
13
16
International Nickel Co common——*
International
15
May
99
1.26
Russell Industries common——,.
Nov
July,
1814
International Milling preferred.—.100
Jason
80
9
10
18
.100''
,
Jan
38
40c
aan
9%
Jan
12 %c Aug
900
62c
99
.—-X'
Royal Bank new —
Royalite Oil Co——
Sep
500
62c
'
■
Roche Long Lac—__4
—,—
Rouyn Merger Gold Mines—
Feb
64c
.
16
.4'
;
75c
Oct,
13%
..
Inglis iJohn 1
——...6
Inspiration Mih «fc Devel
—1
International Metals common A——*..
Jellicoe
192
Oct
7,800
Riverside Silk Mills-—---——.
Jun
36C
48c
53c
Mar
I——
Mines
Gold Mines
Reno
Feb
47c
47c
Queehston Gold Mines-—
ZZ7ZZ*Quemont Mining
——l.
Jan
9c
Oct
3,000
l
Gold Mines.
Purdy Mica Mines
Nov
18%
Imperial Varnish common
Preferred
3114
1.29
1814
£1
;—
•
82
6
Jun
14c
Jan
70c
May
Mines of B C——
Last
Proprietary
Jun
2,790
,
Preston
Oct
55c
1,590
32
20% paid
—.—100
Imperial Bank of Canada new—10
Imperial Oil—
—•
Imperial Tobacco of Canada ordinarv-5
1
9,700
32
37c
—
80c
Jun
4%c Feb
24 %c
2,220
I
—
83c
24,700
Hudson Bay Mining & Smelting—•
& Erie common.
100
Howey
4%
685
13,750.
6%
—1
Pressed Metals of America——
93Ac Mar
6
99c
20
,
1.26
Corporation of CanadaPremier Gold Mining Co—.—
July
6%c
31c
;
40c
5%cMar
28c
:
51
Jan
2%c Jan
5%c
1
Feb
l<c
*
Rouyn Gold—Voting trust —.—
Oct
7,500
6e
——.!
Huron
36
9%
Power
Jun
9'A
—1
Powell
Jan
25
3,500
2814c
Hediey Mascot Gold Mines Ltd
—I
Highwood-Sarcee Oils
——.—_a
Hollinger Consolidated Gold Mines
5
,
'
514
90c
Heath Gold Mines,,—.————
:
6c
3c
Sep
6%
Jan
—-4-'*
;
May
3% May
195
9%
47c
Securities——
Gold
Pioneer-Gold
25% May
20
,104/
5%'
"22.:
—.1
Harker Gold Mines...—1
■
,
Aug
101
25% c
14C
Mines—
Gold
Pickle-Crow
Jan
.
500
——
Malartic
Credit
Perron
Jan
3% May
3c
Harricana Gold Mines...-———l
Hasaga Mines
;
———1'
Peoples
Mar,
7c
144
514c
■
Rock Gold Mines——
7c
.-
2.100
30c
,..9%
Paymaster Cons Mines Ltd——
18 %c July
514
23c
....1
Harding Carpets
;
Jan
7%cMar
55%
5014
28c
Halcrow Swayze Mines———1
-
2%c
,
46c
30c
—
High
Low
40c
44c
Porcupine Mines Ltd—
Pandora Cadillac Gold Mines...
Partanen
Range Since January 1
High
30c
Pamour
Jun
1,000
Oils
Page Hersey Tubes
Aug
38C
814
—
50
—
Gunnar Gold
Hard
43c
Jan
15c
22
West
Ilulliwell
16%cMay
Low
1
———.
Pacific Oil St RefiningPacific Petroleum .*.—4—.:
Apr
2,000 ;
95! j '
SVs
,
Racalta
Sep
8c
.
24,300
3%c
22 '.,23.%: i:'
*
..preferred
Great
3,400
Shares
Orange Crush preferred—..
10% July
13c
Oct
Jan
for Week
■—
Omega Gold Mines
17% Aug
5c
Oils'
Okalta
,
May
5
•.
23V4
——i——*
c—
;Great Lakes paper com vtc
Feb
3%c Feb
Week's
Range
of Prices
Par
July
5514
,
——rt—r—«
Apr
1.99 Mar
.
4,536
9414
—50
.——
Lakes
10
l%c July
84% Feb
—
——
Preferred
8.20 July
Oct
11%
25c
Agent:
Sales
Last
Sep
97%
4,000
.414c
3c
Friday
Oct
80c
8 %
31,000
11c 12%c
12c
Gootlfish
20%
91
31c
.
Apr
Jan
Oct
-4c
Toronto
Lampard, Francis & Co., Ltd.
,
Sale Price
STOCKS-
Jun
4.70
205
1' ;
——•
26%
15%
3,960
3%c
Apr
Jan
93
Montreal Correspondent:
Oswald & Drinkwater (M-MC-TR)
Jan
91
8.00
4c
Toronto Correspondent:
S. R. Ivlackellar & Co, (TR)
Feb
4
84
15%
Telephone—WHitehalt 3-0852
7%cJuly
20
\
92
—1
88
20
87
7.50
7.50
Oct
Oct
33c
113
,
15%
common.-v—15%
——-———
1014
87
...
Gold
;
9%
Street, New York 5, N. Y.
Jan
Oct
23%
1,100
.
30 Pine
Aug
5%
4c
13,000
..
39
Member Montreal Curl) Market
1'
Nov
2%
65
65c
Apr
Jan
60
1,045
—-——100
God's Lake Mines Ltd
Willis E Buriiside & Co.
Oct
Sep
8.00 Sep
2% Nov
20
25%
—*
...
Gold Mines——
Goldale Mine
.
25 %25%
v
Gillies Lake-Porcupine Gold——.1
Glcnora
.
38%
'
2,000
5.25
common
Wares
65
5%0 V-
3.10
27
"Blocked" Securities
2.70 JulV
,
350
Giant Yellowknife Gold Mines-——_1
Great
65
...
preferred—.——100
General
,
5c
'
—
,
3'A
—.
preferred
5%%
4.55
■
3
•
—
Jan
or
American Engineer of Wide Canadian Experience Retained by Us
_
153A Mar
36c
30
1.66
For "Free"
.
Nov
38
.
„
I—1.
—
Mines
May
55c
3',4
class A——•
Exploration
15c
14%
—
'
6
—
Francoeur Gold
32c 1
May
;
,
100
—
Jan
7c
44c
,
38
———1
Kirkland
9c
362,500
204,105
38
&0c
common—1
Aircraft
.
15c
14%
——
Preferred
Fleet
12% July
534 Feb
2.53
-
Federal
Jan,
12c
.
Grain
Jan
3%
Industrial Securities
Commission Orders Executed in U. S, Funds
Nov
2.30
English Electric class B ————-•
5
Equitable Life Insurance
25
8%'
Falconbridge Nickel Mines—' 4.70
Fanny Farmer candy Shops—
1
>
37
Federal
7%
150
2,000
,5
19c
2,45
East Sullivan Mines..
——1
Ecotftiifrne Investment Trust———-—25
500
10%
5
18c
—
—X
12%
1,095
.
I4%c
Oil-——-—
Eastern Malartio.Mines———
Feb
12%
—'
'
9%
JO
Canadian Mining and
Range Since January 1
Low
High
High
12
10%
12%
—*■'
—„
Mining Co
Crest
Low
*
——,
Shares
'
Par
.Dominion
Sales
for Week
of Prices
Week's
Last
Sale Price
STOCKS—
2105
56
275
54%
Nov-'
57
8%
8%
9;014
5 %
Jan '
8% Aug
■
■
9 %
Oct
Jun
Aug
'
.
THE COMMERCIAL &
2106
LISTED MARKETS
CANADIAN
RANGE FOR WEEK ENDING NOVEMBER
Last
Consolidated
Dalhousie
———
Dominion
Bridge Co
Foothills
Oil
International
Minnesota
Oil
Paper
31c
110
1.15
1.25
1,420
16
16
60
.
—
Mar
Nov
Feb
1.01
Sep
\
Jun
19
Apr
22% Aug
Sep
12% July
13
1.45
Aug
100
15%
11
825
10
700
2c
Nov
5c
Mar
25c
25c
700
15c
Jan
49c
Jan
10%
—
—
1.30
1.41
3,770
40%
Supertest Petroleum ordinary
Temiskaming Mining
—
41c
30%
3%c
21%
21%
4
1
—1
Oreille Mines
Sep
24%) Jan
Oct
40%
10
7%C
7%c
1.30
1
500
'
20
Sep
1.72
Apr
Mar
1.10
-
40%
Nov
lie
Mar
Oct
6c
Lawrence
St
Class
St
A
Brew
Southern
Canada
Steel
of
Co.
Twin
Steel
Week's
Last
Range
of Prices
Shares
Sale Price
STOCKS—
Par
Low
Glove Works Ltd common—9
———100
Algoma Steel common,
.
—*
preferred
-6%%
W
&
-*
Ltd
Aluminium
100
Co of Can pfd
Aluminum
Range sine* January 1
High
Asbestos Corp
Bell
-4
.*
Teleg class "A"___
Assoc Teh &
Power
Batnurst
Columbia
Class
Building Products class A
Preferred
Foundries
Iron
Can
New
4,503
19 y2
191/3
i9y»
412
2
2
115
11%
11%
25
1814
1814
1814
8%
8%
9
190
1,980
Convertible
7'/c
116
__
igi/2
1914
14%
14%
ioy4
1014
__
6
preferred
13%
Jan
151% Mar
20
Sep
19% May
1.85 May
Jan
8
15%
Jan
6%
Jan
103 % May
101%'July
11%
24
Oct
24
Cottons
11%
Montreal
Power
9%
117% July
Jan
20
Apr
50
12
Jun
15
Aug
9
% May
12
July
9
Jan
Aug
Apr
12%
Feb
Jan
40
Aug
775
5%
Jan
8%
Jun
4314
43%
400
41
Jan
45
__
3814
39%
178
32%
Jan
39%
6
750
106
1
24
24
50
Csuadian
Plow
Montreal
new
Scotia
Nova
————
new
Preferred
Foundries &
STOCKS-
Mar
Nov
I'M
Belding-Corticelli
Columbia
Dominion
Canada
Canada
Nov
Canada
Northern
May
22%
22%
1,640
20
Jan
43%
Jan
51% Aug
73
Nov
99
Canada
Vinegars
i
Sugar Co
Malting Co Ltd
pfd
1%
Feb
Canadian
General Investments
4214
113
36
Jan
45
Jun
Canadian
Industries Ltd
Ltd
preferred
s<>.
—
Power
50
551o
73
77
10%
4
100
11
12
12
60
159
160
7
145
100
172
172
7
10%
4
5
4
55
55
6
6
50
66
66
15
11%
1114
11%
3,252
4
12
—
12
25
5
Jan
6 %
July
Vickers
74
10%, Jan
14
Sep
July
11%
14
July
Commercial
55% July
Preferred
Jan
Claude
39
Jan
Jan
32%
39
37%
39
1,405
33%
Feb
41% Mar
Consolidated Paper Corp Ltd
Dominion
Engineering Works
2214
22%
Canadian
common—
10
22
Apr
150
Jan
8%
7%
Apr
9% July
9
Jan
12% July
Fleet
8
Jan
12%
Ford
72%
179
68
Apr
74
163
5
155
Feb
163
8%
9
12%
405
6% May
700
8
12%
20%
21
30
5
5
101
27
100
23% Mar
165
14%
10
Apr
9
14%
Feb
July
July
Sep
5
27
10
10
330
87
145
85
Jan
90
Apr
10
93
Jan
95
Apr
15%
—
15%
200
7%
7%
7'4
65
8%
8%
135
—
10%
10%
19 %
19
!
19%
31%
32
11%
Jan
Mar
17% Aug
Oct
2
106% Mar
1,040
26% Mar
111%
32
13%
14
1,636
12%
Apr
15% July
12
12
12%
1,190
10%
Jan
131/8 July
7%
7%
100
7
26 %
26%
150
21
Mar
27
Sep
100
Jun
•
—
Jan
7%
Oct
99.
99
10
96
Mar
18%
18%.
18%
125
12
Jan
18%
Nov
28%
29
29
155
22
Jan
29
Oct
28
—
.*
25
.+ .*:
Oct
15
28%
Jan
37
3%
Feb
4
Apr
9%
9%
945
7 %
Apr
10
Julv
2
2%
455
2
Sep
3% July
Jan
37% Nov
9%
37%
1
3%
37%
10
.
28%
525
Foreign Power Sec Corp Ltd.——.4
Fraser Comnanies. Limited
—.—4
34%
32%
34%
3,073
Can..—4
94%
94
Ltd
—.—
Goodyear Tire & Rubber of
94 %
60c
60c
48%
25
Co.:——*
24
24
22
22
9
9
Ontario
70
15%
Jan
103%
Jan
32%
32%
575
35V«
Jun
22%
2,451
14%
Apr
23 %
Aug
Woods
971/,
76
Jan
97%
21%
21%
21%
,1,635
19%
Apr
22%
Jan
22
23
'45
20
Jan
109V2
110
65
106
Mar
Aug
;
Nov
■'
8%
110
10%
,
11
1,400
2.00
15
1.65
Oct
2
Nov
19%
10
19 %
Nov
20
Oct
7%
10
834
Jan
12% July
Sep
101%
10
10
10
NOV
58
40
46%
Jan
59
Sep
,73 %
73%
15
73%
Nov
77
Aug
10
;
Oct
58
58
100
Mar.
60
95
30
91%
Jan
100
May
5%
5%
110
4%
Jan
36
57
1,898
20
103% 103%
39
103
20c
20c
1.155
28
28
50
' 28
29
300
30%
35
pfd., .100
»
20c
1
July
95
95
"A"—
Investment—.—
.
.,
6%
36
July
;
i
Sep
Nov
,
106% May
Sep
17c
May
30c
25
Mar
28
27%
Jun
30
/
Nov
July
Mar
Nov
Co Ltd——*
:
22% Mav '■)
107
58
&
Corporations class "A'"—.
Manufacturing
—.—
United
22
971/4
,
16% Aug
Apr
19%
10
*
!
Oct
19%
Quebec Pulp & Paper pr—;
__
9%
5% May
1.90
Corp of CanlB% cum 1st pfd _100
22%
;
..
600
vtc.
Power Co——
Paton Manufacturing Co compion.
Paper common———„15
—:
—100
Nov
23% Julv
Jan
18
Sep
8%
11
Southern Canada Pwr 6% cum
24
19% Aug
16
.1—
...—....
Ltd——...——
Quebec Tel and Power Corp
Nov
107
Cornoration
Light
Nov/
48%
21%
—
new^
60c
Feb
16
8%
pfd—. ..10
Paper
1st pr new—
Jun
21/a
McColl-Frontenac Oil 6 % cum pfd., .100
99%
,
:
„
Feb
106%
Maritime Teleg & Tel Co Ltd.—... ..10
30..
Co Ltd 5% nfd
'Massev-Harris
Distilleries Limited
34% Nov
45
150
;.
NOV
Jan
90
1.00
9
Jur.
50C
30c
7
22
-
common—4
Maple Leaf Milling Co Ltd
%
26%
Feb
20
500
48%
Jan
Apr
25c
10
60c
48%
——4
Hillerest Collieries Ltd
4
NOV
23%
53
.
Mav
3
550
Southmount
Nov
13%
50c
Power
Jun
60
50c
pr
33
134
50c
2nd
Jan
275
3%
Nova Scotia
Sep
24
15
25%
Moore
Jun
9% Aug
<37
3
Sep
13
Jan
3%
25%
&
40c
Jan
5%
36
Paper Co Ltd
—.—— *
Aircraft Ltd—;——
5
Aircraft
Jan
15c
10
Sep
3% July
7% May
Jan
3%
Motor of Canada Ltd, A—
July
13%
__
14%
60c
Jan
6%
12
25c
Ltd—._*
Linoleum
Montreal Refrig & Storage com
Jun
20c
2%
Jun'
15% Aug
Mar
10c
*
Jan
*
&
Minnesota
20
30c
60
Melchers
13
Jan
29
Jun
Jun
13
29
Jan
Jan
100
7
9%
10
15
7,083
8
13%
15
13
6%
580
May
8%
7% Mar
Apr
5
13
July
504
111% 111%
__
8%
Feb
8%
MacLaren Power & Paper
94
2
13
Aug
87
Aug
4%
400
25c
Nov
20% Oct
57
8%
Inter-City Baking Co Ltd——.
100
International Utilities Corp com—...*
22% Sep
94
10%
——
Jan
20%
5
common
3%
20
_
r
Jan
20
26
__
*'
May
Jun
Jan
*
Farmer Candy Shops
Fanny
7
260
163
—
:
Fairchild
515
72%
•
Mar
2,552
5
————100
—
Bronze
26% July
163
47%
30c
Donnacona
10%
__
common
——
,
5
7
Corp.———4
Dominion Square
1214.
12
—*
——--.-100
—
Apr
113
10%
—t
Bay Mining
Preferred
Jun
17%
__
—*
—-——
24
10
—
—*
Paper
Oilcloth
July
53
——2.50
Malting
Dominion
162
—
10%
*
Alabastine
Dominion
July
23%
9
common—
Lime &
Jan
10
4% Mar
161
7%
...
10-0
;_100
Wares
14
30
23%
—
...
—
31
Oct
22%
_V
Corp—
Jan
11%
1
67%
————20
23%
100
7%
2% Mar
Oct
&
"A"—..——
...
1,030
11%
7%
'<
———
31%
30
11%
Jan
200
27%
__
1.85
510
125
7%
Jan
1,540
1,987
3114
174
Jan
30c
32%
Consolidated Div Sec
Jun
4
6%
51%
Oct
167%
40
3%
5114
Nov
Aug
135
6%
32%
12%
166
525
3%
...
10%
Jan
Mav
940
common——*
51?8
32%
Oct
10 %
Oct
Jan
2
15
common—4
Alcohols Ltd
23
Sep
5
1
—5
Advt
Gen
Neon
40
55
2
1.00
common—;
cum
Jan
27
—_
Apr
8% July
10%
Ltd—4
4
——
15
343
"B"—4
—
class
Company—
——
Int Nickel of Canada common—
International Petroleum
International
32%
common—4
Power
__
————-.—100
Preferred
*
Lake of the Woods common
Preferred
Massey-Harris
Oil
(Robert)
Cottons
135
Jan
145
13
Jan
Jan
16
130
35
_4
....
,-25
—100
Oct
10c
July
4c
Jan
15%cJuly
;
13%c July
f
2.45
100
8.00
8.00
500
8
Feb
9%
Jun
714
255
6%
Oct
9%
Jun
Jan
27%
Jun
25
50
132
25
20
21
27
19%
18 >
,
.
19%.
1,965
■
50
16
126%
Jan
132
<Jai>
May
18%
Apr
22 % Aug
18
Jan
27
Nov
105
19%
Sep
24
Jan
13%
Feb
19
Sep
Jan
38%
Nov
46
Sep
18
18
100
Jan
18
July
57
255
48%
Jan
60
July
27
26%
27
615
23%
Feb
94
94
25
86
Jan
100
40
,
—*
100
—4
57
138
100
1
Mines———
.
—
30%
—'
57
5
137
138
35
6
29
*
93 %
49
6
53 0
30%
3,015
19
100% 100%
1
130%
5%
July
Apr
Feb
27%
Sen
Cartier-Malartic Gdld Mines
Quebec Gold
Oct
57
Nov
Sullivan Cons Gold Mines
Ltd—...
Sep
Wasa
Jun
8
Jun
Wright Hargreaves Mines Ltd,—
Jan
31
Aug
Aug
Lake
80
93
Jan
101
13%
13
13%
335
12
May
14
Feb
British
11
11
11
100
7% Mar
11
Oct
East
104
104
90
Sep
Home
Feb
4c
104%
Oil
Gold
Stocks—
Dominion
Mipes——...
J-
//>
8c
10c
,10c
2.45
2.45
SOc
90c
97c
9:600
2.19
2.11
2:30
10,600
135
Co
4.85
1,08
1.08
-2,70
2,70
45c
45c
5c
5c
,
,
300
72c
1.40
1.56
4,300.
1.10
1.15
4,300
3A5
3.45
50
6c
July
«
Julv
1
May
.
Apr
Jan
July
3 %c
42c
.
Jan
Mar
1.26
70c
Oct
Aug
2.95
Feb
Ltd.ll——
72c
100
.13c 13 %c
1,500
2.86
500
72c
2.85
66c
.
8c
2.85
-
3.50 July
97c
1
,
Nov
s
4.35 July,
Jan
2.00. Jan
35c
19,050.
67c
1.44
1.18
1,000
.'
,
18c
Nov
3.40
.
1
Jun,
15c
92c, May
100
July.
Jan
1.38
.100
,
Jan-
,90c
500
'
,
■
!
10.00 July
1.51 May
1,600
1.35
4.75
r
t
.Jan
3c
4%c
300
.
Oct
l%c
4,500
2.47
Apr
7.00
18,600
.
9c
Jan
1.75
,
2,000
4c
-7Vac
•10c
-
2%c
.
,,
1.50 July ■>
5.00 Aug
1.35 July
3.00
Jun
55c,. Oct
8c
r,
.
\
'
May
1.25Julv
:
1.95 July
1
1.15
J
Nov
4.45 July
>
Oil—
Crest Oil Co 'Ltd'—.—
Oil
1
_50c
5,000
7%c
i'
101
138
Nov
*
100
Mining; Corpi———
2.45
_._i
Shawkey Gold Mining Co.'
—
1
Siscoe Gold Mines/ Ltd—_——
94
*
5%c
,2%c Jan
2.45
11
27
.
•
2107.
8C
9,000
8%
65
57
page
Aug
5c
Oct
132
-
—"
Noranda Mines Ltd.
see
92c
5c
60
13%
100
Sep
11
Ltd—;
Ll
eentral Cadillac Gold Mines Ltd—
.1
East Malartic Mines Ltdi^——
0
Giant Yellow Knife* Gold Mines—.;
T
J-M Consolidated Gold Mines Ltd.
.1
Joliet-Quebec: M'nes Ltd.—
.1
Kirkland Gold Rand Ltd——
-1
Labrador Mining &! Exploration—
s,
Louvicourt Gold Field————
—1
O'Brien Gold Mines Ltd—
it
Pamour Porcupine Mines Ltd.—
Pato Cons Gold Dredging Ltd— III 1
nil
Perron Gold Mines Ltd—
:
Pickle Crow Gold Mines Ltd—.———1
22
33
100
71c
200
40% May
...
8,200
2,500
105
preferred
91c
7c
845
Quebec Power
83c
8c
553
Regent Knitting common
Saguenay Power preferred
89c
7%c
18
*
,1
8c
44
common
Aug
6c
38%
Canada
89c
7%c
44
& Co Ltd
July
Oct
-1
38%
Tubes
July
5c
39c
-1
17%
56%
common
31C
Jan
54,500
Aumaque Gold
18
Preferred
Jan
2c
50c
Bouscadillac Gold Mines Ltd—.
44
preferred—100
15c
Beaufor Gold Mines Ltd.
38%
& Power
1,500
3,300
55c.
Feb
•
common
19c
3%c
44c
Nov
-25
.
18 %C
"1
Li———'
Mines
0
16%
65
24
„
*
Corp
Car
Aubelle
Ltd——
Ltd——
Mines
16
7%
20%
_*
*13%
common..———*
Breweries
Preferred
Arno
3c
Copper. Corp
Aldermanic
Nov
8%.
.
^
.100
—
26% Auer
65
__
—4
8%
—'
preferred
Feb
Mar
.
Mines—
■
_100
Murphy Paint Co commo
footnotes
51
16%
.
Tramways
of
145
16%
Montreal Loan & Mortgage
(L H)
Jan
15%
—
Flour Mills
23
__
Montreal Lt Ht & Power Cons
Steel
87
16%
—
27%
113
26%
——,—3.
A)
Apr
26%
145
—
McColl-Frontenac
*
,
145
preferred
W)
,
——100 :
—
Lang & Sons Ltd (John
Laura Secord Candy—
For
31
Ltd
———
,
(Charles)
Corp
149
10% July
—
Sep
2.40 July
2,628
38%
28
—
1.55
2.25
38
Apr
Feb
Jun
19
2.15
Jan
5%
Sep
27%
May
2.25
8
6% July
23%
Jan
16
38%
25
7%
Max-
23
240
137% Nov
—1
200
156
Jan
20
108
18 ;
pfd —————-loo
Canadian Westinghouse Company—-*■
Cassidy's Limited common,
——1
Calelli Food Products 5%/ pfd——.15
preferred
preferred
Bros
948
25
Canadian Marconi
0
imperial OH Ltd
4
*
Imperial Tobacco of. Can common—5
Preferred
—£1
Industrial Acceptance Corp common..4
5%
23%
Nov
4Ve Mar
Jan
2%
51% Nov.
116
Jan
60
18
:
<
Apr
125
22%
18
Canadian
Steel
Hollinger Gold Mines
Price
2
25
Oct
—
Gatineau Power common
Power
80
3
137% 137%
4% July
Apr
27
25
200
Nov
116
3
22%
common....———
Feb
I'M
2,434
114
2%
5,770
51%
Paper com-.4
Preferred
&
3%
48
...—100
Co
Brown
3%
116
Ltd—...
High
Low
High
3%
Packers
British Columbia Pulp &
Range since January 1
Shares
51%
100
pfd
British American Oil Co
British
570
__
Penmans
Sales
Low
common—*
100
7f/o preferred,.——_—100
Bathurst Pr .& Paper Co Ltd B
4
1714
'
!
for Week
of Prices
Par
Abltibl Power & Paper
6% preferred
Nov
17%
Week's
Range
Sale Price
10%
614
203
Funds
Last
4214
20%
Page-Hersey
Sep
Jun
—*
*
25
——
Corp
Players
Ottawa
15%
35
Foundation Co of Canada————*
Ogilvie
Oct
Jan
4
4
National
14%
24%
—1
English Electric class "A"——,
A
National
1,400
125
665
—————100
Dryden Paper
Montreal
15
14%
14%
32
Ltd——V
*
common—*
Preferred
Montreal
Oct
32
Dominion Textile common—
Mitchell
30
27%
Sto/res
(C
Sep
48% Mar
Steel & Coal B——;———25
Lindsay
26
Oct
Dominion
Preferred
f
15
Jan
Dominion
International
f
Sep
29%. 29%
26
Dominion Tar & Chemical
Preferred
Sen
18%
36
preferred———100
Glass
International
15
Oct
30
————.
Preferred
Sen
Sep
15%
100
Dairies common-
Hudson
15%
14%
1,603
Friday
24
141% May
Sep
500
16
Canadian
107
Mar
14%
15
Montreal Curb Market
Nov
14
50% Feb
14%
16
.10
Royal new ————————.10
23% May
106
48% Sep
15
16
—^10
new
121
---*
—*
_—25
--*
—5
—*
27%
Oct
14%
10
i—.—
45
—
Coal
Dominion
Smith
Jan
Jun
156
preferred—:
Dominion
Howard
Sep
29
2714
—
Dominion Bridge
Gurd
22%
15
...—10
.....
—
Preferred
(ivpsum.
69%
Feb
45
Glass—
General Steel
Jan
18%
27l/2
——
Distillers Seagrams
.
Sep
62
53
—
Consolidated Mining & Smelting
5 %
5
130
__
Pacific Railway
5%%
698
$13,000
26%
6
7% Mar
6
69
49%
17
9%
614
Nov
July
22
.49%
2614
156
19
5%
V 69
27%
Locomotive
Famous
Mar
—100
—100
—.
B
"B"
17
Jun
200
'
106
common
Canadian
Class
915
25
20% July
5
Foreign Investment———*
Canadian Ind Alcohol common—
*
Electrolux
19
/.
Canadienne new
Commerce
Oct
9%
Canadian
Dominion
18% Nov
—100
Converters
Dominion
73%
Jan
28%
Jan
31%
4214
59
Feb
15
50
60
197
.
21%
■
Jan
3%
211
common————*
6
Ixoo
Jun
580
__
Nov
Jan
57^i
25
59
28%
Nov
24%
11
1714
May
18%
II25
—....—
9
5% July
19
,
notes—i—————
preferred
Jan
Nov
73%
.
»
Sep
7V4
15
71
58%
■
.
19
___4
12%
18%
59
/
69% Aug
3%
9
9
3% '
11
Feb
Jan
8%
3% Nov
—
—*
9
Jun
10%
1
3%:
——*
16% Mar
164
36
7%
6
11
63
155
108
9
.100
common.—
30
10
69
11
—
——————
Ltd
.
10
69
69
Oct
July
21
24
preferred
Consumers
Jan
Jan
Jun
36
714
—
Canadian
Cockshutt
8
187/a May
3% Sep
11%
1Q%
...
*
Canadian
Class
Jan
Aug
18
106
—:
5%
36
7%
—25
Celanese
10
20
pfd
preferred
Canadian
lie
__
—100
5%
Canadian Car & Foundry common
New
__
——*
—
—
540
23
•
—*
common
Canners Ltd
100
21
23
—
.
Preferred
Canadian
136
1114
20
———50
Bronze
96%
91% 10014
11%
20%
314
223
*
_•
Power
Preferred
Jan
__
Canadian Breweries common—;
Canadian
98%
2,840
*. '
Steamship common
preferred
Sep
16
common
Northern
5'/c
85
164
_______
Canada
539
__
*
*
Canada
97
3%
—
new
preferred
Jun
162
20%
——
Forgings class A
Canada
25
13
1514
Cement common—
Canada
Oct
Jan
—
-
———81
—*
Mills—.—
Silk
Bruck
91
9
16
Corp A—
Power
90
163 %
—:—i—_——4
B
35
•
*
*
Canada
Brazilian Traction Lt & Pwr
British
325
100
Paper class A
&
Telephone Co of
9V4
__
——,
——
Feb
..
21%
High
Low
90%
12%
1114
Amalgamated Electric Corp..—■——*.7
Nov
25
Bonds—
95%
95 %
Jan
25
;
Sales
&
__
16
Jan
s<
common
common./
—
Preferred
Zellers
90%
1214
__
13% May
tf
G
Banks—
Acme
977
N
Winnipeg Electric common.——
for Week
15%
25
'
(George)
Ltd
6%
Friday
46%
15%
25
,
—
Walker
Wilsils
Funds
32
388
m
Wabasso Cotton
Apr
625
62
•
__i
July
65
1,250
34
62
T__
Corp
35
20%
34
City Rapid Transit commoii-
United
Oct
Apr
20
62
—*
—
Apr
22
15%
1100
common—
3% July
2% Mar
205
3%
34
it
Power
Htgh
LOW
High
3
20
—
Canada
Tooke Brothers
—
Pow«r
common
Range since January 1
Shares
13
r
common¬
Paper preferred
Bhawinigan Water &
Sicks
"50
Mills
Flour
Lawrence
Hiram
Montreal Stock Exchange
Low
3%
common——
preferred—
Lawrence
est.
Weston
Canadian
Corp
for Week
Range
of Prices
Par
High
12
3 %c
21%
—,
————
Jan
25c
1,000
30%
1.25
Paper
Lake
Osisko
Pend
30c
11
common
Ontario
&
Selections
7
25
29%
——*
—
11%
11%
,——*
Gas
&
Hayes Steel
Last
Low
Sales
Week's
Friday
Sale Price
Range since January 1
Shares
High
Low
*
4
-*
A
Press
Sales
for Week
of Prices
Par
10
STOCKS—
Week's
Range
Friday
Sale Price
STOCKS—
Monday, November 13, 1944
FINANCIAL CHRONICLE
..Oct
.1.30 July
Jun
13 %c Nov
Nov
3.65 Mar
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
2107
OVER-THE-COUNTER MARKETS
Quotations for Friday Nov.
"
10
For
Investing Companies
Bid
Par
1
7.32
AAmerex
_
3.92
4.29
American
OH Shares
6 V4
2
-I
Assoc Stand
B-3
B-4—
Series
K-2—
—
—«*--■
——
—1
18.26
_10
3.78
Bond
Inv
—
Boston
of
Tr
Fund
,
19.59
30.51
32.98
16.10
Manhattan Bond Fund
Common
Canadian
Ltd-
Fund
Inv
Fund
Chemical
3,90
31.58
Mass
Preferred
1
9.82
10.62
Mass
Investors
com—1002,640
100
139
.—
5.50
-
2d
22.46
;—1
11.21
Mutual, Invest Fund
2,740
12.05
«JLlO
144
Nation-Wide
Inc
11.51
Securities—
1
'
12.58
:
3.91
25c
1.36
1.50
2.57
National Investors Corp—„1
8.16
8.82
AA_————I
2,34
_1
2.34
National Security Series—
Bond series—
7.15
7.86
1
2.84
Income
4.88
5.41
—1
2.84
Industrial
Cumulative Trust Shares——•
4.97
Low
Consol Investment Trust
Corporate Trust Shares-
.—I
Series
Accumulative
Series
AA
series
mod—;—
—
mod
Series ACC
(Colo)
47
45
1
Delaware Fund—
5.50
5.11
1
Diversified Trustee Shares—
C
—
D
3.85
>»
2.50
—
Dividend Shares
25fl
—
6.55
1.30
series..
Howard—
&
-
7.03
1.43
50'A
52%
38 %
40
73%
77
American
10
21%
10%
12
Maryland
American Equitable
s
American Fidelity & Casualty_5
American of Newark
;..2%
15%
17 Va
Massachusetts Bonding
11 Va
14%
—10
52%
16
55%
10
17%
19%
Alliance
Casualty—
13.90
40%
_•
Financial Industrial Fund, Inc-
American
Reserve-
7.64
8.46
American
6.03
23
57%
60%
5.44
National Casualty
National Fire
14.28
Automobile
—io
Baltimore American—.
—2%
Bankers & Shippers—
——_28
37%
40%
13.25
7%
77%
82%
series
—_
—
Fund-,
England
—1
Stocks Inc—
11.70
10.65
Surety
Fire
1.86
5.65
3.90
4.99
8.35
8.23
9.05
Continental Casualty
Cruin & Forster Inc„
8.19
9.01
Employees Group
9.95
10.94
8.52
9.37
4
—
.
25.79
Fundamental Trust Shares A—2
10.87
7.59
stock
4.50
23.53
•
10.44
2
9.89
Bank
Electrical
2.05
6.30
8
—11—
equipment.————
Insurance stock—
L—,
■
•
5.76
Trust
Fixed Trust Shares A
Fundamental
B
Inc
Invest
General Capital Corp—.—,—•
General Investors Trust
1
Group Securities—
Agricultural
Automobile
Aviation
———_
6.49
34.97
37-60
5.64
6.07
Amer .Trust
^
...
6.14
__1
7.43
8.17
Building shares———
7.70
,
7.74
8.51
5.68
6.25
9.83
10.80
5.14
shares—
7.27
Industrial Machinery shares—
Institutional bond shares.
10.08
—J
Series 1958—
111
Plymouth Fund Inc
Putnam
(Geo) Fund
'
27%
30%
44%
47 V*
10%
12%
21%
23%
North
10
25%
27%
Northeastern
Northern
—
30%
33%
Employers Reinsurance
10
58%
62%
Federal
io
48%
52
:
Fidelity & Deposit of Md—20
Fire Assn of Phlla—
62%
12%
i_S
s
Glens Falls Fire
49
52
18
20
41 %
44
3
Globe & Republic
24%
8
7%
8%
com.
24%
26%
——
Rutgers Fire Ins.
preferred
15.45
22%
a
10
General Reinsurance Cory
Gibraltar Fire & Marine
shares———
-
Electrical Equipment——.
Food shares——
Fully
Administered
bond shares
General
1
■
'
'
•
'
"
'
'
f;-_
5.66
7.99
8.41
__1
Scudder, Stevens & Clark
;
9.24
"
7.90
.
...
8.61
3.41
—•
94.54
10.29
Sovereign Investors
1
6.56
6,00
6.60
State Street Investment Corp/—
45.00
6.93
7.62
Super Corp
4.88
5.37
Trustee Stand Invest Shs—
shares-.
*.
:
A
4.19
ASeries
4.42
4.87
4.46
4.91
4.40
4.85
———
4%4
4.78
Trusteed Industry
4.74
stock
6.47
3.80
——
Railroad
RR
5.22
Union
;
shares——
Equipment shares-.
Steel Bhares—
1
Tobacco shares
shares
,
Series
Foundation
Common
1
Fund
35c
ASeries A
—lOe
1.49
24.67
Institutional
Securities
Aviation Group
series
:
38%
46%
49%
69
74
^—2.80
31%
33%
41%
44%
Bank Group shares—
Insurance Group shares
Stock and Bond Group
Investment Co
of
2.33
19.98
21.85
.
^
^
^
shares-/
—
^.
...
•
J.-.
:
Corporations
12.40
13,59
26.00
28,26
A
1
13.39
13.69
AFirst
"
4*/8S
series
Edison
j
17.33
Panhandle Eastern Pipe Line—
2%s debs—
1953
108%
&
-
100%
101
1974
100%
100%
101%
10138
105%
106
108
108%
2%s
1970
100%
101
Public
101%
102
————
Service
Ul-l
3%
95%
101
101 %
101 Va
San
102%
103%
Southern Colo
104
104'A
York Corp.
&
Light 3%s—1974
35 Va
Puget Sound
4*As
96%
—
.
1973
—
Pow &, ,Lt—
—J.——.1972
Diego Gas & El 3%s—1970
111%
Power 3%s__ 1968
4V4S-_
112%
105
106
1958
106%
3%
Corp———L10
(Indiana;—
E
3*As series
lOOVs
Power
104
101%
Philadelphia Electric 2%s—1967
105%
102 %
1974
103%
101%
Pgh Cine Chic & St L 3%s_1975
108%
101%
Greyhound Corp 3s——_1959
Kansas City Term Ry 2%s_1974
Miss
3s_..1974
Pacific
105%
Gulf Mobile & Ohio 3%s_—1969
18.91
Electric
107 %
.—1980
M
102%
RR
109
105
3%s series L—
103
102%
Oregon-Washington
105%
1979
ser
102%
3s_1960
Ohio
Gas
104
3s—.——.1974
103%
K-1960
3%s
103%
-—1974
105 %
107
1974
—
Service
108
1974
3%s
Northern
3%s
1.86
Power
105%
Public
Orleans
103%
—1977
Light & Power 3s
s
36%
Blair & Co
Boston,
3s
104*72
3s..
3*/as
Metropolitan Edison 2%s
-4
———I
Investment Banking
1.17
America—10
Investors Fund C_
*1.
Edis
104%
105
1969
Great
17.30
1.01
1.05
New
4*k
104%
Pow & Lt 3s__1974
New Jersey
101 %
106%
Florida Power & Light 3%s_1974
13.13
91c
102%
100%
Empire District Elec. 3%s__1969
7.87
,
Bid
.1974
Elec
Narragansett
100%
102%
9.17
A—.—
100
1969
Florida
23.57
g
.1969
106
Conn
87c
7.20
U S El Lt & Pwr Shares
3s
&
26.19
8.38
2,63
11.99
Westchester Fire
Ask
Bid
Tobacco
Pow
,25.40
A—
C-
Wellington Fund
—_
—
Recent Bond Issues
Commonwealth
; 6.52
77 c
Shares—_25c
Fund
Union Preferred Stock Fund
Ltd—
shares
38%
550
535
—4
—10
Hartford Steamboiler Inspect—10
4S
.6.00
;—1
—
Bond
Series
1.62
22.94
—
126%"
35%
U S Fire—
U S Guarantee..
27'A
Lt 3%s—1974
1974
Birmingham Electric 3s—
2.35
—
47c
Incorporated Investors—
-5
Independence Trust Shares—*
35%
121
.—100
Brooklyn Union Gas 3%s
2.47
-—..I
—„
.ASeries B-————j— 1,.
Inc
71%
47%
33%
25
103%
American
Union Common Stock Fund B—
Holding Corp
Income
68%
45 *A
36%
'A
Fire.
Arkansas
—1—1
C——
D
2.50
—1
i
21.57
A Huron
23 %
US Fidelity & Guaranty Co—2
98%
Trustee Stand Oil Shares— :
,
*
Utility
of Amer AA-
5.88
—
shares-.
29 *%
21 *A
Travelers
48,00
Railroad
6%
27%
29%
6.85
Low Price Shares
Petroleum
35%
4Va
83 %
4.29
7.23
.-
14 Va
33%
28
11.22
1-1
6.57
Mining shares——
88%
96.46
2%
Fund, Inc
Investing"——
Merchandise shares
50 *A
84%
-
Selected Income Shares
10.18
47%
>12%
3.75
Selected Amer Shares
7.23
6.57
lOo
%
79 Va
10
Hartford
Quarterly Inc Shares
Republic Invest Fund.—
98%
_io
Hanover
"
87
93%
.8
American.—
"
Chemical
6
82%
5
ProvldencerWashington
—10
Reinsurance Corp (NY)
...2
Republic
(Texas)
.—10
Revere (Paul) Fire
—,10
St Paul Fire & Marine-——12%
Seaboard surety
—.—10
Security New Haven
10
Springfield Fire & Marine—,25
Standard Accident
—*-10
91%
Newark...
6%
—25
—10
-10
Pacific Flre__
Pacific Indemnity Co
Phoenix
Preferred Accident
66%
,11%
of
Fire
—
—
156
150
—10
River
—
87%
14.46
1
10
46%
2nd
28%
——8
2.50
5
12.50
57%
Great
180
26%
New York Fire
43%
60c
7%
6%
170
New Hampshire Fire..—.— 10
New Brunswick
55%
2.46
60 %
19%
10
&
—10
—
30%
57*4
A.
2
—1_20
New Amsterdam Casualty
2
—5
55c
10c
—
Connecticut General Life
Globe
4%
4Va
28
(Detroit)—10
23
Firemen's
2.77
5%
4%
4
:
National Union Fire..
630
Franklin
,2.88
—L_1
Series 1956—-—,
6.76
—
shares—
7.00
S
50'%
17%
6.74
2.23
-
.
47%
20%
605
8.60
36%
i-*
City of New York
Fireman's Fd of San Fran—10
shares
Series 1953——
Series 1955
shares
shares-
7.82
North Amer Bond Trust ctfsJ—
North
6.21
6.12
—
10.70
5.64
—;
Railroad equipment
7.15
9.73
Railroad
4.62
———
—
.
8%
72 */a
j)
ioO
Camden
7.64
11.82
"
8%
8Va
69
10
Boston
6.94
10.76
—J—
Ins
Fire
tvioimrcn
39%
7%
1
12%
—
91 *A
36%
National Liberty—
6%
88%
20
5
Merchant Fire Assur
Merch & Mfrs Fire N Y
12%
Re-Insurance
Aviation
21.59
——10
Foundation Trust Shares A—1
Mutual
First
Fund
,20.05
Casualty
American
Machinery
41%
Fidelity Fund Inc—
23 %
7.68
Building supply— —J—
14.93
Equity COrp $,3 conv pfd——-1
Jersey Insurance of N Y
Knickerbocker
i
3.95
Chemical
1
Fund
Stock
•
•
14
Homestead Fire
10
Insur Co of North America—10
io
io
28
Life
28%
27 Va
8
—
%*k
wtd
Fa*
——
6.98
stock
Agriculture
Automobile —L_
24.32
22.65
'
Home
138 Va
6.30
New York
-
———1
Fund
Balanced
130%
Agricultural
Aetna
American
[
—
Eaton
10
3.48
New
—
5.75
Surety
Companies
Ask
series———
Stock
—1
—
-
—
voting shares..
Aetna Casual &
priced bond series
f-—
Low pviced stock commonsPreferred stock series
1—
20.10
18.59
series B shares
(Md)
Bic.
Par
Aetna
si..*
-1
.Commonwealth Invest-.
Insurance
24.15
Fund
Bell Teletype NY 1-953
DIgby 4-4950
6.00
I
Investors Trust
,
Securities
Christiana
3.30
29.37
Tel:
10.1*6
.iltio
Maryland Fund Inc—
1
41.80
9.24
10c
Y.
98.60
40,96
Inc—j;
—
i—•
Century Shares Trust-
6.65
96.63
Loomls Sayies Mut Fund,
-L_*
Loomls Sayies Sec Fund——10
17.65
40 Exchange Place, New York 5, N.
11.87
,5.43
6.07
18.22
-1
14.26
10.76
Fund
Co.
&
Members New York Stock Exchange
Members New York Curb Exchange
20.03
4.90
8
Ltd
k
27.30
12.94
„
.—
5
Inc
Fund
6-4—
Shaskan
25.12
24.84
i_
S-3
Knickerbocker
107.82
103.51
America
Broad Street Invest Co Inc
Bullock
5%.
S-2
Series
Series
5%
Industry Shares—
1
Real Estate Bonds
20.79
10.71
on
.
22.84
-
_
Series
Bankers Nat Investing—
A Common
29.84
9.74
ii—
.
Series S-l
Basic
27.18
K-l
Series
7
16.16
15.03
29.89
18.96
B-2
Series
15.47
B-l
Series
28%
14.26
Foreign Investlng.lOc
Axe-Houghton Fund Inc
Series
359
1
28.53
Quotations
Ask
Keystone Custodian Funds—j
Series
26%
—10
Holding jDorp
American Business Shares
Bid
Par
7.96
IV*
Aeronautical Securities
Affiliated Fund Inc
Ask
Quotations For U. S. Treasury Notes
New York
Gity Banks & Trust Cos.
Par
Bank
of the Manhattan Co.—10
Bank of New .York—
Bankers Trust
100
24%
25%
441
453
54-%
Brooklyn Trust
100
—
109%
114%
104
107 %
Central Hanover Bank & Trust 20
Chase
National Bank-,—.
15
Chemical Bank & Trust——10
56%
Co
National
200
40%
42%
51%
Manufactures
Trust Co
51%
—20
J100
.12%
51%
269
38%
102
New
84
Publio NatT Bank & Trust—17%
44%.,
Fiduciary Trust
28%
Title Guarantee & Trust
10%
10
—
First National Bank
20%
100 1,700
30%
York Trust
—25
United States Trust
1,740
1945..
.
tDec
100.4
15,
,
**T"
.
1946...
.
.
Certificates of Indebtedness—
t%8 Dec. 1, 1944
100.6
100.6
100.7
%%
■
tMar 15 1947
1
99.31
100.3
100.4
1%%
100.24
100.25
1%%
%
100.8
100.9
15,
1947.
1%%
100.26
100.27
tSept.
15,
1948.
1%%
100.18
100.19
12
—100 1,445
54
t%s Oct. 1,
11 %
4%s
Chic
series
B
—1988
Indianapolis & Louisville—
1st 4s——
1.983
2nd 4%s
—2003
Chicago Milw.St
Paul
&
1st 4s
Chicago Rock Island
v,-1
82;%.
,84%
55%..
-
.'
57Va
<.
!
104%
76%"
62%
105*4
income
102
104
2019
68
70
&
Rio
„2019
-2019
4%s
Inc
77%
63%
0.75
4%s
2018
60%
62%
1st 3-4s
income
1993
86
—
—
108
1,
1956-1946;
103
103.2
1,
1956-1940-
104
104.2
46
48
81%
83%
Rates
•'———
Preferred
;—*
1„
94%
63%
96%
65%
1940
3s
Preferred
105 Va
305%
133%
134*%
are
for discount
15 Va
16 Va
December 23, 1944_
16, 1944
November
42 Va
November
24,
30,
December 7,
Bills
purchase
Bid
Treasury bills—
November
at
Ask
b0.375 0.28%
b0.375 0.30%
—
1944
1944
January 4,
.
January
11,
January
18,
1945
As*
6.33%
b0.375 0.34'i
—
1945
January 25,
—_—b0.375 0.32%
b0.375 0.32%
1944
b0.375
1945
1945
b0.375 0.34 %
b0.375 0.34%
b0.375 0.35%
——
December
14,
1944
b0.375 0.33%
February 1, 1945
b0.375 0.35%■
^-100
Grande
44%
45%
December
21,
1944
b0.375 0.33%
Februarys, 1945
b0.375 0.35%
com_—
19%
20 %
45
47
—
—
Ry common
Preferred
Pacific
Preferred
102%
1947
1961
19
preferred
Western
Issuei
18
Common
Rio
quoted
Bid
——
17%
49
35
37
70%
72%
•No par
18%
47
88
Seaboard By 1st 4s
Income 4%s
U S Conversion
101.12
United States Treasury
110
40Va
Common
&
101.23
Jan.
V S Conversion 3s—
101.10
Ask
101.21
Ask
Chicago Rock Island & Pacific-
Denver
.0654
3s May
'/o
Bank Bonds—
1955-1945
Youngstown—
5% preferred
—
——
Chicago Milw St Paul &; Pacific
Seaboard
Income
&
.0591
.0479
V
,2014
4V2S—
Canton
.0602
.0432
Bid
3s
b0.90
—!
1944
—
Common
5%
Grande-
Pacific—
mtge
Stocks
.0573
.0459
—
Panama Canal 3s
Bid
Western
.0463
,
1955-1945-
3s
100.5
issued}
Akron
& Pacific¬
ist 4s
Denver
',99%
100%
1994
income 4Vas A
Gen income 4%s B
Cquv
■
.
Pacific,
;:_1994
Gen
3%s
Ask
97%
98%
.0627
—.
Bank Bonds—
Federal Land
100.3
Bank—>
Loan
15,
Federal Land
Reorganization Rails
Akron Canton & Youngstown—
4s series A—i—■
1988
.0549
.0533
1945
Other
Bid
.0591
.0473
Ask
Bid
0.85s June
Bonds—
.0531
Obligations Of Governmental Agencies
47
1,490
Federal Home
and if
.0615
40%
...
as
Ask
,0480
53'/a
Commodity Credit Corp—
tl%%
Feb 15,1945
(When,
Bid
.0400
.0550
t%s Feb. 1, 1945
»0.90s Mar. 1, 1945.—.
t7As Apr. 1, 1945.
t%s May 1,'1945—
*
t%S June 1 1945^—
i3«S Aug. 1, 1945
—
1%S Sept. X, 1945
100
tSept.
106
22%
55%
80
Trust
„
% %
1%%
1945—
15,
tDec. 15, 1945..
tMar 15, 1946-
279
preferred——;
52%
&
__
comi_20
Corn Exchange Bank & Trust-20 i
-Empire Trust—
——50
Continental Bank
200
324
332
—^10, .15
16
-'100 1,625
1,675
25
38%
41 %
Morgan (J P) & Co Inc_;
National City Bank—
48%
Ask
100
49%
50%
180
100
-
—
—
Conv
———20
,100
Trust
Fulton
Guaranty Trust:
Irving Trust
Kings County Trust—
Lawyers Trust—
Commercial National Bank &
Trust
.
Mar 15,
tMar
Bid
Par
■/■
Grace
10
—
'
Ask
Bid
Figures after decimal point represent one or more 32ds of a point
Int. Rate
Bid
Ask
Maturity—
Dollar Price 100 Plus
Maturity—
—L—
common
—4—1-—
k Removed
x
value,
a
Odd lot sales,
to Stock Exchange,
Ex-dividend,
y
Ex-rights,
r
b Yield price,
tin default.
tlons not furnished by sponsor or
d Deferred delivery,
Canadian market,
Issuer.
s
Cash
tThese bonds
are
e
Ex-interest,
sale—not included
in
f Flat price,
range
subject to all Federal taxes.
for year,
AQuoU-
THE COMMERCIAL & FINANCIAL CHRONICLE
2108
11, clearings from all cities of the" United
from which it is possible to obtain weekly clear¬
day, Nov.
States
above those for the
Our preliminary totals
year.
547,354,559,
3943.
At this center there is
ended
Friday of 7.6%,
the week follows:
rec¬
In the
11.6%.
Chicago Reserve District the totals
are
larger by 21.2%, and in the St. Louis Reserve District by
12.9% but in the Minneapolis Reserve District the totals
are smaller by 3.3%.
In the Kansas City Reserve Dis¬
show
totals
the
trict
a
falling off of 2.0%, but in the
register a gain of 14.4%
Dallas Reserve District the totals
14.2%, the bank clearings at this
having recorded an increase of 43.8%.
We group
center
TELEGRAPH
BY
improvement of 15.0%, in the Richmond Reserve
and in the Atlanta Reserve District of
an
District of 3.1%
increase of
an
In the Cleveland Reserve District the totals
ord
of
increase
an
was
CLEARINGS—RETURNS
was
and in the Boston Reserve District of
6.1%.
29.2%, the aggregate of clearings for the whole country
having amounted to $11,696,009,340, against $9,050,244,604 in the same week in 1943.
Outside of this city there
for
Our comparative summary
District of 41.5%
statement
For that week there
Nov. 4.
ended
increase for the week
an
detailed
elaborate
however, which
present further below we are able to give the filial
arid complete results for the week previous—the week
corresponding
stand at $8,against $8,419,187,377 for the same week in
last
according to the Federal Reserve Districts in
from this it appears that in
the New York District (including this city) the totals
show an expansion of 42.6%, in the Philadelphia Reserve
we
ings will be 1.5%
week
the
In
cities
which they are located and
foregoing will appear in our issue of next week.
We cannot furnish them today, in as much as the week
ends Saturday and the Saturday figures are not avail¬
able at time of going to press. Accordingly, in the above
the last day of the week in all cases has to be estimated.
the
Satur¬
country, indicate that for the week ended
the
Complete and exact details for the week covered by
based upon telegraphic advices from the chief cities
us,
of the
CLEARINGS
BA N K
OF
COURSE
THE
Bank clearings this week will show an increase com¬
pared with a year ago. Preliminary figures compiled by
{
Monday, November 13, 1944
and in the San Francisco Reserve District of 19.5%.
Pet
Weelc Ending Nov, 13
Uhicago
Philadelphia
——--—
Boston
City
cities^
4th
5.7
5th
+
18.0
6th
Atlanta
+10.8
7th
Chicago
St.
+10.7
9th
Minneapolis
+11.6
10th
1,424,559,093
$8,547,354,559
__
.
—
_*
—
$8,419,187,377
.—24.8
6,817,808,262
4,781,434,243
.
,
289,395,535
+
"
416,186,511
372,931,542
308,865,768
275,978,203
-17
;
___.
Kansas
"
44
704,502,407
581,420,144
+ 21.2
513,583,024
495,418,275
4
44
326,376,308
289,129,831
+ 12.9
246,715,345';
232,855,222
154,486,592
._,
._
—
7
_
Francisco
1
Y.
City—_
213,795,349
240,969,094
•Stock, number of
shares
,
13,922,678
17,533,817
______
Bonds
'
.
:
.
132,313,633
+ 14.4'
528,652,307
497,988,301
+19.5
9,050,244,604
8,286)033,992
4,444,269,242
4,434,867,856V
,
——111 cities
__
bonds
$160,201,700 $201,371,100 $2,137,267,200 $2,739,946,200
_______
foreign govern't
6,169,500
7,276,500
88,931,000
100,452,100
1st
228,000
5,109,800
2,802,775
2d
New
$166,618,600 $208,875,600 $2,231,308,000 $2,843,201,075
3d
Philadelphia
Federal Reserve Districts
O. 8. government ;
bonds
—
;
bonds—
Total
4th
__—_14t
February
March
»Li
No. Shares
No. Shares
4t
79,463,469
29,507,254
13,846,590
33,553,559
7,589,297
35,051,545
7,229,097
23,415,845
7,466,443
f
5nd
68,787,721
92,020,949
22,284.837
31,314,623
131,342,925
28,219,705
171,484,4f8
51,792,091
July
I".—
8,373,550
17,872,807
20,752,920
15,945,982
August
September
•
14,251,976
14,985,690
7,387,341
9,449,934
10,874,650
13,546,161
55,561,998
25,210,825
—
J1
—
Quarter,
3rd
,
—
———_
months
Nine
October
17,533,817
bank
month of October
the
M
of
course
last
the
four
clearings
11,185,760
Outside
N.
"
•
leading
(000.000
1944
Chicago
1942
1943
22,630
20,911
17,357
2,140
2,007
1,873
—
1,448
1,425
Hhila._
1.0
2,729,554,142
1,259,161,243
1,263,286,360
1,865,932,574
4,275,303,617
+
—
1,685,451,704
18,165,119,370
2,637,433,429
2,184,174,509
1,050,305,741
1,299,228,592
1,800,681;077
18,013,233,139
.
2,610,806,099
0.8
—
1,751,885,697
2,537,636,098
.
0.3
1,242,032,877
999,405,491
1,605,407,007
1,580,030,187
+
1.6
"
1,154,440,705
1,067,124,078
+
8.2
19
"
+
8,7
2,076,649,121
1,771,487,702
+
5.2
38,109,162,035
35,849,127,693
+
2.4
20,752,101,646
18,354,915,139
6.5
1,522,648,272
4,200,074,217
+
4.2
3,778,502,868
1,325,566,409
1,020,747.817
„
+
4.0
1,299,899,909
2.1
838,851,246
727,957,873
1,402,050.107
1,135,271,310
986,170,622
828,810,799
2,342,246,510
45,535,638,903
43,270,265,139
,i_—
22,904,826,199
—
2,237,157,563
_186 cities
22,358,799,239
_____
_4—
City_—
,
3,£27",066,541
1,136,820,123
1941
2d
New
13,151,616
3d
15,932,595
of
the
1944
1943
Philadelphia
each
6th
Atlanta
19,478
14,813
13,396
2,525
27,005
26,850
23,924
754
684
587
7,701
7,050
5,899
1,060
1,141
1,048
860
11,132
10,342
9,106
1,291
1,181
1,062
938
12,115
10,833
22,909,727,999
"
28,249, 709,011
28,003, 812,280
25,020,494,828
27,471, 853,143
25,747, 062,638
22,561,376,394
11,609, 790,873
10,056,779,333
M
12,171, 176,255
17,643, 700,202
15,453, 681,*746
39,856, 498,880
12,676,926,436
18,832,417,126
8,625,745.936
10,514,787,949
28,507,354,750
33,603,173,364
"
43,359 634,486
7
"
12,841 ,011,251
"
9,089 073,530
11,827 600,132
8,597, 544,989
10,050,518,986
.16
6,835,259,295
8,688,040,768
5,872,904,729
.16
"
15,609 ,381,891
14,874, 204,719
.11
"
10,994, 287,764
6,757,977,374
22,418, 327,914
9,822, 350,314
21,053, 781,566
11,619,483,136
8,076,278,086
17,460,833,749
14,285,663,969
457,461,307,837
416,060,073,888
338,066,951,231
303,907,527,414
"224,892,952,226
211,066,014,169
177,757,969,900
153,974,522,521
Louis
.
—
Francisco
12th San
Total
—
.19
______—_.
"
186 cities
—
—
9,424,752,247
7,498
Fran._
155,628,358,105
11th Dallas
4,956
Riifsburgh-
164,421,021,360
10th Kansas City—.
21,812
760
13,859,796,462
212,016. 504,325
240,250. 019,396
15,684,806.262
«'
.31
Chicago
St.
11,801
2,683
1,543
2,501
14,927
2.712
17,197, 241,426
"
.16-
——
Minneapolis-
16,528
Louis-
$
$
8
_
—
8th
149,993
17,556
1941
1942
.17
——
9th
$
204,994 158,308
21,080
10 Months
10 Months
c. or
Dec, %
.17
—
Cleveland
Richmond
1941
c
1,877
1,453
10 Months
1943
17,363, 132,994-
"
.14
York
5th
7th
1942
.14 cities
—
for
country
Jan. 1 to Oct 31—-—
17,494 232,568
,
Federal Reserve Districts in the ten months for four
1944
Federal Reserve Districts
the -subjoined statement.
is shown in
Boston
2.3
,8.3
+
x
1,379,114,689
Boston
<fc
York.
Hew
+
+
2,802,144,729
10 Months
42,293,618
months ended with October in
f fprl \
mvn
1,659,258,574
21,633,435,366
1,697,873,841'
23,418,988,431
2,830,948,334
append another table showing the clearings by
We
1st
cities
Month of October—
>
$
years.
LANK CLEARINGS AT LEADING CITIES IN OCTOBER FOR 4 YEARS
;
1941
$
——11
Y.
11,002,916 106,01+420
13,922,678
at
the ten
and
years
1942
Dec. c/c
--J.——HL. 44
—16
"
—
4th
The
Inc.or
$
$
196,261,532 22^046,416
—
"
,
.
.
1943
-
"
Francisco
63,720,802
26,324,332
._
months
of 8.7%.
10,461,813
64,918,601
Quarter
"Six
and the St. Louis Reserve District of
4.0%, but the Minneapolis Reserve District registers a
decrease of 2.1%.
In the Kansas City Reserve District,
the totals are larger by 1.6%, in the Dallas Reserve Dis¬
trict by 8.2% and in the San Francisco Reserve District
2,708,816,461
_
St.
Wan
9,143
Outside
Y.
N.
City—..—
7,673
Baltimore..
662
627
624
529
6,501
6,240
5,186
4,431
Cine.
473
435
437
392
4,762
4,481
4,005
3,343
849
830
763
613
8,359
8,064
6,458
5,139
956
941
862
743
9,285
8,886
7,637
6,284
Hans.
C'y_
Cleveland-
Minn.
677
698
539
465
6,092
5,735
4,372
378
352
287
3,776
3,548
2,794
Ueti'oit
1,573
1,296
832
16,003
14,458
10,697
7,377
Houisville-
301
292
281
262
3,079
2,871
2,444
321
327
263
197
3,120
3,052
2,112
68
73
69
733
720
695
138
113
1,546
1,444
1,272
260
237
227
2,840
2,519
2,204
1,901
216
196
168
2,034
1,952
1,652
235
206
2,440
2,253
1,771
38,104,684,580
34,995,819,487
43,052,524,494
+
21.0
22,809,158,872
+
24.6
+
12.9
138,307,483,718
42,393,400,887
42,945,255,965
50,675,228,616.
1,398
260
1,604
Milwaukee
144
Buffalo
281
__
213
Paul-
<5tV
Denver.
265
__
.
March
—
Total 1st
quarter-
:—;
April
—_
June——__—
—__
128
128
131
118
1,271
1,281
1,191
1,054
Richmond-,
406
400
371
296
3,357
3,145
2,693
2,269
Memphis—
300
266'
323
277
1,942
1,801
1,613
1,459
ipeitlle
378
372)
387
287
3,826
3,851
3,178
2,362
Halt, %:■ C'y
121
125
123
106
1,179
1,167
988
820
August———
60
64
687
656
619
585
September—
>.nd'polis
_
40,551 38,501
Total—_
:
4,986
cities
Ctln
61
66
Hartford.._
Total all
33,764 31,985
4,345
4,778
3,864
Total
6
116,153,028,561
44,288,365,408
43,426,282,528
42,3(17,638,393
136,013,885^468
21,290,328,895
—
3rd quarter-
Total
9
months
October^
Total
-
126,614,493,859
372,789,808,749
+
~59,718,138,002
21,781,885,556
20,532,394,870
21.281,016,345
67,206,90^032
"63^59 5,^296/771
134,803,668,755
22,428,297,103
123,313,434,773
20.527,655,873
4.6
+ 11.4
+ 12.0
5.9
+
13.4
+
1.5
22,140,948,878
22*615,211,291
+
8.7"
67,184,457,272
21,558,833,375
23.307.290,909,
.
"65^^78835^"
+ ' 2.7
201,988,126,027
7.0
5.2
'■22,904,826,199
188,707,214,930
22,358,799,239
+
+
+
2.4
416,0G0%73,883
'
+ 10,5
43,270,265,139
457,461,307,837
10 months—
+19.4
22,189,626,341
21,359,926,087
411,925,668,934
45,535,638,903
'
17,826,393,291
23,497,275,956
24,007,573,977
.+
47,470,448,523 f
44,225,312.335
45,908,538,890
or
+15.8
21,839,404,968
130,022,286,329
246,175,314,890
42,367,810,481
39.013,690.325
45,232,993,053
274,321.369.186
Inc.
Dec. %
19,702,118,370
*67,596,763,723
137,604,299,748
quarter—,
months—. —
Total
409,360 377,484 ,300,913 271,700
48,101
43,668
37,153
32,207
45,535 43,270 38,109 35,849 457,461 416,060 338,066 303,907
22,904 22,358 20,752 18,354 224,892 211,066 "177,757 153,974
OUt. N. Y.
2nd
Total
York-
$
Dec.
43,591,816,956
48,613.161,624
February——
New
1943
S
$
1,033
__
Outside
1944
Inc, or
$
626
144-
-Clearings
Total All—
1943
46,102,505,138
January
1,593
75
CLEARINGS
1944
Month—
2,184
Omaha
Providence
and 1943:
the clearings by months since Jan. 1, 1944
covers
-Clearings,
2,293
1.497
„
fallowing compilation
MONTHLY
3,744
409
—
Orl._
Hew
The
+
10,0
224)892,952^226
211,0667014,169""
+
6.6
.u
;.
■ .v.
.
—
1.
1 We
now
add
detailed statement showing the figures for each city for the month of October
our
and the week ended
Nov. 4 for jfoyr\years:
-
—Month of October
—
gearings at—
1
'
1944
First Federal Reserve District—Boston—
1943
$
:——Man
$
1 to Oct. 311943
1944
Dec. ^
or
Dec. %
Inc. or
1943
1944
Inc.
$
:$
Worcester
157 ,413,300
14,927 410,991
14,813 558,914
+
0.8
3,290,781
371,555,065
42
997,566
41 ,921,867
+
2.G
2,527,482
—
2.5
22
291,319
21
+
"
+' 5.7
'374,811,928
1,527;51.6;
+ 17.1
1,525,124
•rl4.9
"735+104
1,022,310
2.5
1,47.6,112
1,103,399
5,203,666
6.4
4,458,689
3,725,842
3,140,361
2,701,225
■f 16.3
2,832,053
2,884,882
17,976,181
16,391,369
+
9.7
14,653,126
13,713,453
6,418,051
+
7.5
5,950,498
5,124,733
+ 10,6
16r584~600
13d)00~000
7.3
ISO, 671,997
195. 538,366
122, 714,583
8.1
687 772,785
117, 821,866
656 651,069
4.2
+
4.7
26,735,547
+
0 6
266 309,640
284 ,061.378
0.8
6,902,478
—
7,275,900
68,541,800
3,357,367
—__—
1,697,873,841
*.
1,659,258,574
+
—
2.5
.
•
4.0
73 960,500
,465,900
4.5
+10.7
-
733 996.400
720 ,519,900
1.9
18,034,900
—15.0
29 526,779,
28 ,097,644
5.1
677,475
547,344
431,981,539
407,256,909
77
'
16,308,200
+ 23.8
575,376-
2.3
17,363,132.994
17,197,241,426
•
646,207
f .+^4+
•,
+
"Tl7028
+
+
+13.1
-
1,4^2,445
1,633,036
61,352,417
-■
343,617,247
4,890,853
12.534,804
—
.
869,655
19 518,647
50 251,979
.
,
■
,750,233
2,970,507
1,674,298
21, 285,556
55, 282,697
2,854.198
*
—
676,766
6,402,191
+
9.1
+18.9
+17 4
75,902.000
—
cities)
11.0
'■—10.2
3,665,19$ J
"
S
S
+ 10.0
2,457,141
5,633,289
21,239,175
-
6,984,400
1
,
1941
1942
351,369.617 :•'
.
5.2
181,013
,.
26,891,940
*
.'
1,788,309
4.2
66,307,507
Waterbury
I.—Providence
(14
150, 772,541
1 7
6.1
—
14,177,802
Haven
Total
'
0 9
+
15,107,194
.
19,690,709
—
Manchester
•
868,370
+14.7
+
6,611,90.9
Springfield
B.
33 ,239,583
4,885,225
2,921,704
—
Bedford
donn.—Hartford
New
;':
2,465,000
Holyoke
New
38 139,640
1,423,829,604
14,968,371
—
River
Lowell
+22,5
1,448,301,280
—
Mas'?.—Boston
Fall
3,681,629
5,288,606
Portland
,
4,508,415
—
-L^Wi'ek(Ended Nov. 4YVti.Sfd-: Inc. or
.:rr,i80 Dec; c/c
782,190'^? L
'
.ikle.r—Bangor
+
1.0
•
of
44
-
—
Total
9,667,050
37,712,751
June
{
12th San
:
7
Minneapolis
32,406,179
62,555,204
—_
May
V
8.587,828
17,228,380
April
■
1:
36,997,243
-3,460,229,274
,—31
;_
Louis——
11th Dallas
.
.
.
7,183,705,334:
1
;___———__ 16
—
Chicago
St.
ioth Kansas City
13,312,960
8,969,195
10,124,024
12,993,665
7.925,761
27,643,038
__
——
18,032,142
24,434,084
"
44
352,704,726;
44
44
—
—
7th
No. Shares
17,811,394
17,100,772
17
___4
—17
)_— 8
—
______—
8th
1941
Quarter-
1st
i
1942
No. Shares
t
1943
January
Atlanta
9th
1944
of
Richmond
6th
properties on the
New York Stock Exchange for the ten months of 1941
to 1944 is indicated in the following :
Cleveland
5th
The volume of transactions in share
Month
increase of 4.2%
$
—14 cities
—
York
'
District
•
102,720,053
■
0.3%, but in
an improve-'
The Chicago Reserve District records an
ment of 6.5%.
5.2%,
1944
Boston
247,400
bonds
Reserve
180,466,522
s
.
113,342,332
416,163*316
.
the Atlanta Reserve District the totals show
an
1944
Month of October—
'
—
—
Richmond
the
in
for
8.3%, in the Boston Reserve District of 2.3% and in the
Philadelphia Reserve District of 1.0%. In the Cleveland
Reserve District the totals show a decline of 0.8%, and
■
•Railroad & misc.
231,1.61,662
151,428,797
.
We also furnish today a summary of the clearings
October.
For that month there was
1943
169,638,439:
2.0
231,552,430
298,067,710
aggregate of clearings having been $45,535,638,903 and the 1943 aggregate $43,270,265,139.
In the
New York Reserve District the totals register a gain of
1944
1943
1944
3.3
223,813.556
292,243,338
the
-W-
■„
,211,112,061
11,696,009,340
f*
—i—
424,887,195
242,493,804'
.
i-
V
L__. —10
■___
3.1
+11.6
,
517,383,710
524,168,650
481,922,722
+
„
.
44
i
_
.
5,073,712,447
44
.
.10
6
City,
increase for the entire body of clearing houses of
'
3,824,917,798
+41.5
+.15.0
+
the month of
Ten Months-
—
3,987,185,418
+ 42.6
605,907,562
■'
follow:
-—Month of October
8
390,774.976
562,846,770
"
monthly detailed statement of transactions
Exchange is appended. The re¬
sults for October and the ten months of 1944 and 1943
the New York Stock
Description
1941
S
430,381,867
6.1,
-10
——
Louis
Outside N.
Our usual
on
+
647,141,107
298,398.528
"
7
._
Total
1.5
>+
407,256,909
857,476,680
._10
6
Philadelphia
12th San
9.2
+
s
1942
or
Dec. %
$
431,981,539
.
'
3d
11th Dallas
$6,525,182,736
1,894,004,641
$7,122,795,466
Total all cities for week
5"
"
12
Richmond
.
Inc.
1943
$
Cleveland
+
1,367,392,480
day-—
one
6.8
$5,157,790,256
CLEARINGS
BANK
OF
1944
._12 cities
York
New
10.6
98,391,184
1,526,391,455
Tot. all cities, five days
,
ill
2d
6.7
+
-
170,697,635
$5,596,404,011
five days_ _—
five days—
cities,
4
_
+
■
134,507,339
109,037,718
Nov.
Districts
Boston
1st
'
158,760,593
.2—-
Ten cities,
.
,5.5
'
■—
Baltimore
Ended
'
•;•'•+
119,700,000
203,414,000
180,498,971
#»ltfcsburgh ;
Cleveland J
Week
Federal Reserve
8th
.
132,403*000
—
Francisco
Other
229,244,485
137,149,071
+12.4
217,294,000
Bt. Louis
pan
+
Federal Reserve Districts:
SUMMARY
17.0
438,000,000
257,735,759
146,294,796
_
the following we furnish a summary by
7.6
+
$3,321,142,828
305,543,714
462,000,000
—
Kansas
+
357,452,885
$3,571,929,289
We w York
In
Cent
1943
1944
+
6.1
430,381.867
390,774,976
;
Volume J 60
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
-Month of October-
2109
-Weelc Ended Nov. 4-
-Jan. 1 to Oct. 31-
*r1.
1944
$
Federal
Second
'
—
Blnghamtoa
——
Buffalo
—.—■—1
Elmira
—
'
Jamestown
,
1.
New-York
-
Rochester
——■
Syracuse;
Conn.—Stamford
-
iw—1——■—»
:
- ■
-
......
Oranges
Cities)
(14
!
+ 78.8
561+81+77
570+63,511
—31.7
8+28.050
67+73+21
Inc. or
1942
Dec. 7e
$
$
4+26+08
2,840,636+73
2,519,515+48
4.4
48,163,576
—
1941
$
S
1+25,114
+ 12.7
48,100,993
+
0.1
2.6
52+73,562
46,677,213
+
8.2
232,568.355+11
204,994+59,719
.
,
4-11.6
20,911+65,900
+ 13.4
5+44,518
—
50.546,998
+
1.6
522,101,999
475,803,889
26,108,526
+ 12.3
289+68+76
270,580,125
5,133,004
+ 14.1
54,627+48
52,933+60
4.3
330.682+73
299,167,862
31,177,656
+
—12.8
2+86,546
4.4
27,664,173
1,596,903
64,886+00
0.2
—
■
58,700,000
1,174,662
927+17
+ 26.7
—
+
1.8
+
5+69+42
10.5
6,568,834
1,359,191
1,375,137
48+00+00
1+59,174
,
39,963,370
825,800
1+21,590
.
1+12,573
—15.8
972+42
1+14+54
6,622,296,897
4,605,975+62
+ 43,8
3,851,166,130
3,703.476+6+
9,514+02
+
9.7
12+58+39
11,309,959
+ 10.2
11+52,852
+
6.8
7+71+61
6+00,106
+ 13.6
6,053+52
6,547,237
+
.
3.2
7,849,892
6,607,720
+ 18.8
6,334,796
5,939.76+
-
18,314+74
+ 10.5
17,900,169
+
k
6.2
—26.1
430+43
583+61
32+58,884
2.3
+
'
24,568+14
+ 31.3
24+15,017
21,639+38
40+92,767
35,981+28
+ 11.4
29,792,828
27+43+54
6,817,808+62
4,781+34+43
+ 42.6
3,987,185+18
3,824,917+SO
*750,000
717,138
695,652
619,32+
1,202,300
1,326,321
1,413,765
1,561,24^
610,888
559,578
'
1,176,993,069
1,108,273,87/
1,676+01,376
1,506,632,58®
+
0.7.
+
5.3
4,085,113
4+29,550
;+
1.4
43,844,961
39+60+53
23,418,988,431
—
26+41,213
1.6
—
67+34.620
8.3
+
260+36,595
5,8581745
32,529,839
1,994,727
115,042,070
178,415,721
21+33+35+66
+
8.3
240+50+19+96
212+16,504,325
.——-——-
Total
Dec. %
114+91+89
<fr
N.
$
1943
1944
Inc. or
$
%
1943
169+19,176
'
Newark
Northern
1944
I
29,318,118
—....—,———
J.—Montclair
N.
Dec.
40+41+50
72,674,951
5,480,914
281,530,092
4,707,514
i
5,205,251
22,630,812,704
51,332,672
»
jI-.-*;----
■
Inc. or
District—New York—
Reserve
Y.—Albany.
Utica
$
'
hearings at—
N.
1943
-
+11.3
:
'
.
+ 12.2
-
+13.3 "
—
■„
.
Federal
Third
District—Philadelphia-
Reserve
Bethlehem
,
+ 12+
26,339,394
22,420,146
3,883i769
+
9.3
40+85,103
43+86,183
3,665,401
Lancaster
Lebanon
..
8,108,321
6,442,095
7,9.48,210
1,836,079
12,624,936
...
Wilkes-Barre
...
Pottsville
+
.
Du Bols
.
.
\
3,172,862
23.302,977
18,693,900
Hazleton
Del.—Wilmington
J.—Trenton...
N.
808,060
7,043,941
Reading
Scranton
York
'
2,712,000,000
Philadelphia
79,576,642
2.7
+ 13.2
»•
28,554+92
121,132,170
+ 26.0
+
+
11.4
23,659,116
+
718,564
978,052
512,890
600,459'
2+9~2~574
1+11+67
1+45+76
1,588^98.;
+
839,000,000
590,000,000
510,000,000
14.7
+
0.6
,
69+73,573
0.6
+
9.8
62,841,940
-
128,871+37'
71,113,379
117,003+62
75,384,383
82,721,843
3.9
16.742,738
15+16,605
1.0
7,593,990
7,596,632
—
3.6
+
8.3
1,908,560
1,396,044
1,240,130
1,220,079
3,605,471
2,748,944
2,279.046
2,731,557'
+ 11.9
63,533+40
—
SOl.OOOfiOt)
+ 10.6
+10.1
■■■.
1,725,407
1,435,650
1,474,378
1,485,93-*
8.9
1,757,104
1,985,446
1.314,813
2,199,016
—
+ 11.5
1.0
—
32+57,828
239,934,833
219+01+94
+'• 9.4
242,696,800
218,174,700
+ 11.2
4,716,700
3,358,200
28+49,709+11
,28+03,812+80
+0.9
857,476,680
605,907,562
—25.3
30,945,933
6.5
+
+ 40.5
3,192,100
41.5
524,168,650'
4,377400
i
-
•—
1+
+
•
'
+
517,383,7,10.
•
.
District—Cleveland—
Federal Reserve
Fourth
Cincinnati
V
+
6.9
175.162,216
143,667,376
+
8.7
4,762,801,579
4,481,544,885
941,659.387
956,354,542
'+
3,898,469
1,327,138
10,644,931
Newark
9,316,809
Oil
34,399,575
+
15,274,757
11,829,051
+ 29.1
+ 10.9
2,608,676
2,"l81~283
+ 19.6
2,083.738
2,268,289,
5.6
3,410,077
2,938,706
+ 16.0
2,527,883
3,014,096
263,628,397
243,516,947
+
8.3
210,192,791
174,239,563
647,141,107
562,846,770
+ 15.0
481,922,722
424,88.71,195
94,816,146
78,804,711
4.0
438,676,683
14,451,425
380,346,326
9.2
134,219,197
125,477,230
157,606,193
+ 16.4
152,766,648
91,514,856
76.546.856
+
2.5
107,641,842
94,059,191
+.13.2
2,729,554,142
0.8
27,471,853,143
25,747,062,638
5,568,209
+ 16.4
+
6,800,759
11,102,380
."+
1,403,241
1,349,749
1,000,441
875,693
+
6.1
7,024,000
6.7
97,713,365
77,127,662
4,271,000
56,123,037
2,178,617
5,551,000
85,284,442
2,262,467
6,004,000
+
15U3I+03
154,7777534
2.4
38,947+02
40,1707343
—""To
36,0577446
298,398,528
289,395,535
3.1
242,493,804
—
0.3
15,713,879
+
3.5
146,343,628
150,687,580
627,765,503
+
5.5
6,501,464,245
6,240,400,347
'■
SK'IS1nJS
172,443,133
622,900,000
10,460,620
:
669,500,000
11,745,252
8,780,636
10,547,383
9,793,692
*11,000,000
188,181,845
13,224.110
263,288,706
...
—
—
Ala.—Birmingham
-174,534.269
13,457,084
.
253.674,686
21,751,260
2,828,507
1,465,133
1.280,615
429,652,096
Orleans
13,585,686
3,468,483
Vlcksburg
12,606,000
17,028,805
———
Meridian
8,760,732
13,511,000
Montgomery
20,048,701
9.675,654
-
Miss.—Hattiesburg
23,763.861
1,707,266,172
12,171,176,255
378,362,259
.1,751,885,697
1,885,932,574
cities)
2,718,890
2,415.184
1,497,670,890
7,177,471
1,573,319.611
7,718,092
22,888,049
21,479.772
Grand Rapids
Jackson
4,411,555
3.808,045
Lansing
16,010,733
17,249,185
7,198,316
7 2
+
4,264,730
13,330,065
25,845.286
128,334,570
Indianapolis
12,634,946
25,966,052
Wayne
—
1,669,869,345
6,220,900,000
5,299,100,000
+ 12.3
105,090,268
97,119,397
+ 11.5
87,277,835
84,540,946
+
4.3
88,117,829
91,345,984
+
7.8
2,094,820,671
1.851.192.069
1.7
148,947,808
133,636,963
+
+
,—
3.5
2,387,994
2,417,237
+ 33.2
42,645,019
41,031,840
+ 28.1
59,802,339
1.3
4,878,566
+
8.2
+
1,833,97a
111,52^905
+
'
36,480745il
211,112,061
f.
2,653,070
+ 54.6
—
6,607,180
2.2;
14+om
+
2.5:!
f
5,667,690
38,262,840
i 5,
+
-
,
114,600,000
2,721,472
32.037,601
100.300,000;
3.2
—
1.2
-
+
+
•
•
*2,405,000
•
3.9
.2,076,660
■'
•'
2+91+3T
29,990,779
26,391,000
53,886+35
38,834+77
37,930+6+
4,958,551
4,784,716
3,283,87+
11.5
+
2,361,212,797
1,843,172.369
204,888,959
78,678,857
207.597.394
69,565,324
+ 13.1
7.2
128,967,000
124,307,000
+ 11.8
+ 25.3
144,064,325
113.238,811
+ 22.6
30,044,998
28.498,565
+ 14.5
10.855,675
9,542,068
3,776,535,247
3.548,598,641
+
8.3
+
6.5
+
—
27.2
+
5.4
+
+ 13.8
335.370
247,110
+ 35.7
274,954
6.4
90,786,698
79.345,055
+ 14.4
70,384.050
+ 14.2
416,186,511
372.931,542
+ 11.6
308,865,768
4.4
515,713
.629,449
-18.1
+
■
65.969,955
.
17,643,700,202
15,453,681,746
+ 12.6
27,004,078
25,868,100
4.8
16,003,921.943
14.458,104,575
7.0
75,527,162
75,354,495
235,671,132
42,124,310
211,778,872
+ 15.8
7.2
172,362,775
146,104,140
—
—
6.6
+
—■
1.8
128.541,916
40,500,842
43,823,786
73,119.920
4.9
+
275,978,20;+
137,015,170
127,299,441
240,468,866
1.271,239,982
1.281,652,094
+ 10.0
170,090,766
+
144,879,183
Milwaukee
Oshkosh
Sheboygan
144,927,335
•
2,626,397
4,224,956
,
5+14,976
+ 10.2
2,740+02
4,895+53
.0
3,217,782.
3+22,117
0.7
33,"l6~OO0
32+66+00
4,273+19
4,157+43.'
2,412+86
2+66,583
4.9
+ 18.0
5.3
251,071,024
8,063,962
515,54! I
5.6
5.5
16,967.046
.
'
5,526,438
+ 11.3
—
+
0.2
34.818,050
0.2
+
+
0.5
9,160,958
616,576
+ 10.7
38,335,296
♦
+
18,666,936
+
63,396,384
-
'.+
—
37,596,861
+ 15.5
+
—
;
+
6.5
3+28,156
2+62,57+
27+34~000
4.4
27,118+03
157,372,793.
+
8.1
4,295,342
4,160,587
3,600,523
352,793,738
+
1.6
9,331,967
7,402,111
9+18,462
3,136+8:'.'
7+88+43
86,120,606
+
6.4
34+76,856
32,903+16
+
31+1+018
24+09+83
8,0
358,535,962
+ 12.9
91,665,967
0.1
1,546,223,382
26.184,287
1,444,901,785
+
7.0
24,376,764
+.
7.4
38,558,002
+
7.8
—10.2
41.578.516
8,021,120
—
2,407,844
:+
9.1
3,900,101
+
8;3
+
3.6
663,723
24,782,636
24,365,810
+
4.8
94,354,448
84,060,652
2.2
2,415,247
2+02.526
+
4.9
1,869,535
1,712+37
59,601,690
+
9.9
8.6
17,505.156
15,134,555
+
15.7
13,589,997
13,843,132
29,381,016
+
5.3
653,017,090
310,383,722
601,414,521
30,949,126
—.
9.6
8,760.707
65,522,495
Moines
2,503.647
9,177,682
Rapids.
738.918
2,263.455
-—
Manitowoc
288,638,216
7.5
7,942,822
7+50+32
+
12.7
5+35,102
4,807+33
475,730
393+82,800
—
2.7
7,811,371
1.7
926.690
+
22.7
9,999,878
9,601,122
4.2
3+79,971
2,990.051
+
8.4
33.456.517
30,350,114
+ 10.2
3,232,870
2,478,885
+ 30.4
25,970,357
22,153,286
+ 17.3
6.6
21,080,779,849
19,478,669,905
7.2
94,519,242
80.058,675
.1.137,256
Ames
ni.—Aurora
Bloom ington
2,140,081,718
Chicago
Decatur
.
O.l '
21.918,955
2,007,636,211
23,626,463
.
'
,+
—
24,615,980
+
22.4
266,399,456
224,051,446
9,674,384
30.134,464 j
„
Rockford
+
2.2
101,672,896
93,973,444
—17..4
10,806.065'
Springfield
Sterling
40', 294,088
139,800,000
8.5
Bend
Peoria
8,298,556
39,400,316
160,400,000
2,718,603
3.8
Haute
City
12,831,606
5.4
+ 17 4
+
.
+10.4
Tevre
Sioux
4.8
+ 34.0
1,583,915,050
7.5
South
Dea
4.1
+
368,311,165
493,426,588
1.2
+
Wis.—Madison
Watertown
2,010,600
120,2937655
+ 12.5
+
11,609,790,873"
+
.
7,068,606
4,474,243
-—
City
la.—Cedar
1.0
2.8
4.2
+
District—Chicago-
Reserve
Arbor
—
Gary
—
1,639,495,550
0.3
—
21,131,431
2.8
L
Detroit
Bay
95,141,563
+ 12.5
.—
4^815.386
*'4K
——
Federal
94,203,133
District—Atlanta-
Augusta
Columbus
ind.—Ft.
+ 13.5
■
—
Muskegon
49,472,329
267,777,000
3,145,685,073
9,528,317
.3a.—Atlanta
Flint
56,127,835
284.077,000
16,266,531
Sixth Federal Reserve
Seventh
6.7
+
3,357,930,381
620.008.866
Term.—Knox ville
Mien—Ann
19.6
1.5
Total (8 cities).
(16
3.1
4.8
1+63+86+60
Total
7.0
+
1,259,161,243
La.—New
7.6
+
—
+
2,149,046
Jackson
+■
27,099,000
174,979,745
Mobile
+ 10.4
400,451,443
9.559,535
6,194,996
2,418,085
Tampa
4.4
1.9
—
28.394,000
—.
Fla.—Jacksonville
15,112,486
;—10.4
170,032,989
Macon
+ 20.3
+ 15.3
—
7,607,337
C.—Wasiiington
Nashville
r.-rjrrT-.'*
406,317,459
—-
Frederick
+
District—Richmond—
Va.—Huntington
Md.—Baltimore
D.
88.795.855
152,533,887
10,342,293,317
"
.
2,706,816,461
Va.—Norfolk
Richmond
B. C.—Charleston
Columbia
98,458,274
161,056,197
8,401,145
7,913,704
Federal Reserve
Fifth
W,
20.0
13,056,909
3.6
11,132.470,051
16,089,807
11,374,678
(17 cities).
80,912,956
147,624,083'
35.648,947
7.1
382.308
14,417,384
Total
13,510,700
4.1
+
1,141,767,654
12,780,538
gy.~Lexington ..
W. Va.—Wheeling
167,783,373
16,313,200
+ 14.7
438,473
City
195.480.922
17,003,000
+31.4
—
1,672,858
1,519,127
Erie
,
231,667,221
670.353,800
+ 12.1
36,826,377
1,060,587,676
13,026.605
Greensburg
Pittsburgh
4.5
+ 13.8
8,386,084,562
763,085,800
+
8,307,66(6
38,297,437
Co.
Pa.—Beaver
124.187,784
82.601,230
+
3,77t3Ki
3,223,007
98,813,969
9.285,407,380
—16.3
16,533,809
...
.
Toledo V-—-
•
8,870.539
17,837;570
Youngstown
,,
3,601,743
6.3
0.2
—
4,179,729
1,743,589
Mansfield
4,635,952
+
0.8
—
70.196,800
....
Lorain
+ 29.1
'
69.622,500
....
Hamilton
C
•15,133,412
^3,646,84.
...
Cleveland.
Columbus
'If,'
'
435,922,981
16..178,125
Ohio—Canton 5
I
6.0
25,868+90
+
.^2,802^,729;
'.'I; $•%'>•■
•
1.7
71+56,434
.
26,850.000+00
+14.2
21.517,661
7.8
—
29,680+31
+ 10.8
25,034,600
:,'4—*>?(
25,085,361
17.5.
+
27+05,000,000
"•
1.1
+
,3+91,343
.
-
2,830,948,334
Total (17 cities).
123,197,666
1.910,969
*800,000
3,118,595
.
2.9
9.9
—
2,515,670
2,755,202
2,683,000,000
6,358,403
11,055,807
'6.402,239
.7,242,897
2,447,440
....
Norristown
35+75,993
+
+
11,568,932
8,914,363
.
—13+
4,214,425
11,908,647
——
Harrisburg
•
,i
•
.
2,476.431
£245,485
—
Chester
1
.
■
2,783,403
Pa.— AltOOna
86,115,264
903,799
+
6.3
8,810,889
8,925,317
'4,275,303,617
Total (31 cities)
83,629,168
960,626
_«
4,200,074,217
+
4.2
43,359,634,486
39,856,498,880
+
922,339
616,919
+ 49.7
665+37
8.2
564,645,323
452,204,620
+ 24.9
396,646+76
+ 18.1
5,827,862
3+58+75
73.5
2,979,341
+
+
+ 18.9
7,374,943
5,934,823
+ 24.3
5+47+58
+
0.8
2,379,311
2,255,379
+
5.5
2,135.445
1,368+03
4,574+93
2+08,633
—
2.9
2,668,704
2,469,406
+
8.1
-2,148+38
1,620.93:'
—
1.3
+ 21.2
513,583+24
495+18+73
11.8
132.800+00
124+00.000
+
8.8
~
704,502,407
581,420,144
191,300+00
171,100+00
Eighth Federal Reserve District—St. Louis—
Mo.-—St.
Cape
Louis
760,871+85
0.8
7,701+76,150
7,050,747,030
5,139,708
+ 14.0
54+19+13
47,188+52
774,552
894,672
—13 +
8,792,828
8,106,014
+
8.5
+
7.3
71+75+12
65,615.702
56+59,225
+
7.8
63,813+38
51+66.129
56+86,120.
10.9
1.787,458
1,348+00
00 t£>
326,376,308
289.129,831
301+39,194
Term.'—Memphis
111.—Jacksonville
754.781,309
8,858,778
Girardeau
Independence
Ky.—Louisville
n
,
Quincy
Total (7 cities).
'
292,970+51
300,887+14
656+66
266+76.781
5,127+00
5+18+00
1,379,114,689
1,325,566+09
685,888
3.1
3+79.84+313
+ 13.1
1,942,961+10
2.871,121,500
1,801,838,595
4.3
6.066,537
5+47,941
+
2.2
47,851+00
+
'4+
12,841+11+51
+
—
.
43,151+00
11,827,600,132
4,
9.2
+
14.9
-
57,400+43
49+03,777
+11.4
+
H-
32.6
-
l+loTooo
"95T00I
12.9
246,715,345
232.855+23
THE COMMERCIAL & FINANCIAL CHRONICLE
2110
—Jan. 1 to Oct. 31—
Month of October—
—:—
1944
1943
$
$
Clearings at—
1944
Inc. or
Dec.
$
%
-Week Ended Nov. 4-
-
-
1943
.
Monday, November 13,1944
1944
Inc. or
%
Dec.
$
1943
1941
1942
Inc. or
.
$
$
Dec. %
$
8
'
Ninth Federal
Reserve
Districts--Minneapolis—
20,941,234
698,149,682
2,620,491
2,466,521
213,724,779
216,542,977
2,497,999
2,399,171
507,138
-
Minneapolis
*
Rochester
Paul
St.
■.*
Winona
Fergus Falls
N.
561,876-
—
2.844,000
Forks
1.0
183,771,761
6,092,565,553
23,554,848
—
1.3
2,034,982,675
1,952,503,507
+
4.1
23,808,028
10.8
4,886,623
4,602,160
*
'i
13.6
—
4.2
•:
3.3
151,225,511
0.7
24,794,000
19,726,000
+
0.6
22,966,725
17,082,402
+
2.6
64,281,311
57,424,049
5,121,433
;
156,425,813
+
160,822,894
2.7
—
50.446,705
*
53,242,360
•
'
1
+25.7
^,944,268
•
,
Huron
*—
10,603,150
-
'
1,167,758
3,833,865
12,147,336
'
Mont.—Billings
7,045,451
+ 30.6
8,233,969
+
1.4
23,073,442
+
1.9
9,203,046
*—
"
Falls
Great
*****
_
'
61,093,746
■*_*,
<•
7.5
****
■
*_■_*-
9.4
,
t-
1
1
+ 15.0
,**»-,
—
'
1,224,863
1,632,790
***—:*_*
t
.
*__*_:
•
2,297,762
—__..*_*
*****
*
•
1
*****
1,450,569
1,667,705
,
1,397,134
1,418,087
+ 29.5
1,774,408
*
1
+
6.7
>,
.+
1.1
'<■
+
16.0
•t,
+
5.7
.;
+
2.1
+
2.2
:57,246,142
",198,075.337
'**■_:
"
v
+27.7
47,542,683
60,690,871
•>'
I
*****
*
"*
12.0
"
""
8.348,982
V
*
3,589,212
3,322,675
2.9
+
■
t
34.4
+
133,811,377
123,778.133
13,293,508
9.6
+
+
+
—
•
—10.8
11,888,919
1,279,333
Falls
Sioux
'
—.*
;_*___*
.
'
7,006,941
:
■
.
'5.
1
38,577,965
41,396,549
5.3
-r-
'
k
•
'
2,835,022
7,189,529
D.—Aberdeen
*
*
■
2,852,472
-
Minot
6.
4,709,040
99,358,184
■
13.8
+
■
5,135,679
•
6.2
+
132,912,705
+
—
•
+10.5
:
4,579,090
112,638,813
0.3
.»
21,548,790
+
.
6.2
+
20,729,326
183,853,544
v
0.1
+
+
5,735,881,953
6.2
+
2,863,000
-
;
.
2.9
+
—
15,099,630
14,604.682
D.—Fargo
Grand
"
20,735,424
677,676,236
Minn.—Duluth
' "
•
.
195,961,657
it'
*._'*
;
-
'
Helena
,:'23,500,000
*
Lewistown
Total
957,682
—
cities)
(16
999,405,491
Tenth Federal Reserve
+ 30.7
732,772
1,020,747,817
,
5,304,900
4,571,358
2.1
9,089,073,530
8,597,544,989
—
3,895,624
—26.6
5,306,901
5,630,194
.4,650,435
'
'
—'
•
231,552,430
223,813,556
;.
——-—
—
3.3
—
;
•
.
154,486,592
.169,638,439
District—Kansas City~
"
960,502
Lincoln
*
*
Omaha
17,035,461
327,749,940
321,658,527
1,097,639
1,431,063
Kans.—Manhattan
Parsons
Topeka
j
3.1
9,095,367
8,808,824
3.3
175,143,943
171,478,331
1.9
—
3,120,195,576
3,052,313,618
+
13,406,809
7.5
10,781,914
10,597,831
+
1,293,261
10.7
13,126,515
136,765,310
12,953,143
—
3.9
1.7
+"
,
230,933
126,803,638
.":
Wichita
Kansas
:*__*_.—
—!
+
)
u
*
Wyoming—Casper
Total
cities)*
Eleventh
Federal
11,071,314
8,880,896
'
—_Hr —— ——
2,143,195
42,123,684
40,194,273
62,426,348
13,529,000
59,275,653
14,632,000
3,355,186
*—,—.
—-
Worth
Galveston
.
—
Houston
Port
(11 cities)
1,143,653
6,604,315
+
••
■
.
4.5
+
.V.
r
749,747
995,796
893,990
.
~948~486
.
733,348
.
•'
.:
+
+ :33.4
,
298,067,710
292,243,338
r.
"*7~1~7~667
'
^~766~879
5~3-
'
—
4.9
14,874,204,719
15,609,381,891
*__j.
+' 8.3 r
.
18,142,366
3.2"
+
'
2.0
-
180,466,522
231,161,862
114 517,626
+ 13.3
115,826,483
2,572,112
2,586,108
0.5
,-2,337,770
2,151,113
122,747^000
1.1
—
106,743*444
"+15*0
88,646*000
77,752*194
13,Tl6"lii
~+15~4
11,220056
12
—
0.1
83 ,800,980
83.853,392
8.1
4,886 353,049
4,409,665,348
+
4.8
+
12.3
5.3
429, 073,716
602, 478,943
381,947,837
+
535,275,688
+
12.6
7.5
130, 447,400
126,194,000
+
3.4
415,760,741
+ 10.4
3,853,697,009
+
14.1
—14.9
4,394, 855,676
39, 168,259
35,246,867
+
11.1
7.0
62. 591,496
55,566,171
+
25
251,679
24,137,916
+
4.6
—
—
+ 10.8
15,~476~447
,
•'
3,732,000
3,648,000
'
2.3
+
,*34*2*64 5
3,453,000
3,644,000
Vl£30~278
1,320*379
"+~15~.9
,1,494*506
1,443,383
23,171,775
+
6.5
225, 748,940
200,939,603
+
12.3
5,370"960
4,598*587
~+~16~8
4,33*7*101
5,577*718
1,154,440,705
—.
Twelftlr Federal Reserve
1,067,124,078
+
8.2
10,994,287,764
9,822,350,314
+
11.9
151,428,797
132,313,633
+14.4
113,342,332
B0,726,780
83,654,200
3.5
73*675*2*75
2,965,033
2,417,541
Yakima
4,308,846
.....
•
85,739,872
76,581,835
9,572,283
7,936,666
+ 20.6
:
3,439,006
3,082,000
342,723,895
7,323,431
i.
11,110,57.4
,
125,233,663
24,314,278
i
+ 11.6
31,965.000
6.3
3,151,826,406
65,025,616
+
;
5.0
2.7
1,179,501,670
2.7
+
279,994,053
+
9,526,018
+ 25.4
87,036,406
17,218,837
9,462,748
14,302,730
-
6,234,637
5,517,159
1,291,354,588
37,715,193
..1,181,107,696
7,831,992
23,126,918
20,919,503
2,342,246,510
2,237,157,563
Stockton,
+.
1.9
—
51,250,843
21,937,371
______
1.0
26,~9~83~30l
27,*371216
•
;
+
+12.0
4.8
+
+
—
62,727,668
10,833,504,856
259,089,843
+
152,564,395
50,284,652
12,115,392,394
9.3
-
69,070,583
'
1
191,054,187
185,936,697
+ 13.0
+
85,318,333
+
'
10.5
10,281,616
—247
4,573*599
4,*7*34*187
—**3*4
;•< 3,268,420
3,867,033
276,611,000
""+*1*3*5
228*68*1600
197,648*318
7,796*143
0.4
'''
21.9
+ 24.7
v
•
ww.uii
6,072,458
-
AMaMtoMi
r
11.8
•'
313,*905*000
+35.6
r.
7,196,747
+
9,305,119
26.0
+ 48.7
/"
+ 13.2
85,619,265
:
65,936,131
\+ 29.9
198,833,357
183,843,352
+
'22,418,327,914
21,053,781,566
+
6.5
■
+19.5
2,273,203
1,961,961
v
—13.7
8.7
+
;
4,301,844
4,127,020
.1,541,974
,
1,814,227
3,514,498
3,205,342
•
—10.2
5,253,404"
4,708,235
8.2
+10,0
6,021,149
Wrth.ifr
»■
Total (19 cities)
65,760;373
24,561,148
79,370,785
77,835,508
r'
'
25,370,634
8,864,010
-
7.5
+36.5
401,355,726
i
Barbara
—
250,073,096
-
399,770,032
***************
1,665,959
"
i
—28.0
••
Jose...—.w*.—
■
1,167,509,013
47,092,814
■-
60,941,649
1,728,489
+ 22.6
'
5.3
—
/;
130,372,917
....
Francisco'
San
+23.8
'
-
,18,039,309
—l.——...—*«■■■..
—
12.0
'
—
116,473,980
*
Sun
102,720,053
'
,
23.5
+
3,328,174,674
70,323,214
—
•
144,113,930
....—
0.6
+
25,819,000
6.9
.
6.7
+
—
84,423,113
11,945,980
........
Riverside
^
'
-
+17.4
*
,
—
15,288,957
33,903,983
—...—...
—.
12.6
'
24,982",061
....
Calif.—Bakersfleld
Pasadena'
3,851,146,546
321,083,379
7,691,308
121,912,447
Ore.—Eugene
•
Modesto
36,425,941
3,826,194,597
104,221,905
11,607,278
:
Ida.—Boise
Utah—Ogden ...........—
Salt Lake City ..........
38,865,223
1/7
+
14,002,946
—
Beach
-
—20.7
- -
+ 20.6
.
Ariz.—Phoenix
"
372,277,375
•
...
—*
+ 18.4
'
"
3,416,092
378,562,845
,
——
Portland
+
District—San Francisco-
Seattle
Santa
-24.7
2oo~idiri6
6,666,540
,
24,684,848
Wash.—Bellinghara
Long
'1
45,623,605
39,337,344
.+; 9.4
;
+
6,547,525
_
La,—Shreveport
Berkeley*
3,720,444
,
3,943,925
6,118,120
3,081,014
_**.
Falls
Texarkana
Total
12i,250~08l
4,764,331
1.4
3,647,281
Arthur
Wichita
15U~51~009
0.9
—23.7
+
195,210.085
V
"+:31.0
2,253,147,478
37,652,585
24,202,554
1.6
2,854,749
4,742,441
5,977,161
*
3.7
+
+ 13.2
2,909,790-
5,142,458
—"7.7
2,810,564
6,061,521
7
1:
'
47,067,223
—22.9
12,931,245
7,837,462
458,902,052
Paso
9.4
'
245,049,858
3,190,512
43,147,452
'
8.9
33,599,877
2,440,440,671
•
+ 19.0
+
480,177,870
,*_*
Dallas
Ft.
—
1,580,030,187
519,272,571
Beaumont
c
1.9
+
v
109,829
236,490
3,498,239.
61,549,013
District—Dallas-
Reserve
Texas—Austin
EI
—13.7
4,497,140
2,207,381
1,605,407,007
:
.
526,928,705
4,987,401
2,624,947
*
(16
576,501,445
+ 11.3
260,758,439
+':29.2
6,778,826
56,153,707
63,511,776
4,306,181
265,591,636
4,075,180
Springs
Pueblo
8,878,083
2.3
+
757,172
Denver
8,359,182,349
277,297,284
8,064,727,480
1.2
+ 11.0
26,600,441
840,470
*—
Colo.—Colorado
259,312,011
+ 11.1
830,941,715
26,919,269
1
Okia.—Tulsa
335,074,144
36,578,712
+
849,795,159
l
City
Joseph
St.
Carthage
4.7
28,015,095
3,513,153
+
3,904,060
29,323,499
*
—
>
1.2
+
1.3
7.9
'
Mo.—Joplin,
:
2.1
4
—10.5
4,062,506
75,739,326
'
+
.
226,180
3,634,205
76,653,122
*
'
—
1,020,882
12,883,599
*.
—12.1
1,092,190'
16,478,500
Neb.—Fremont
.
/
«»
+ 19.5
/ 416,163,316
352,704,726
+ 10.0
11,696,009,340
9,050,244,604
+ 29.2
8,286,033,992
7,183,705,334
6.6
5,073,712,447
4,444,269,242
+ 14.2
4,434,867,856
3,460,229,274
497,988,301
-528,652,307
*
"
Grand Total (186 cities)
Outside New York*
22,904,826,199
43,270,265,139
45,535,638,903
♦B&timated.
>.
+
5.2
457,461,307,837
.416,060,073,888
22,358,799,239
+
2.4
224,892,952,226
211,066,014,169
+
>
The date indicates the redemption or 1 ast date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
OF TENDER
Company and Issue—
Date
Page
Antilla Sugar Estates, 20-year 6% income debentures—Nov 15
Asuncion Port Concession Corp., 8% debentures
Nov 21
1962
1859
1st mtge. 5s, due 1960—**——**Nov 24
1st mtge. GVz'/o
*
bonds
♦
Caribbean Sugar Co.,
1st mortgage 7s, due 1941
Nov 29
Cleveland, Cincinnati, Chicago & St. Louis RR. St.
Louis Division, 1st collat. trust mtge. bonds
_Nov 16
Dayton Union Ry., 4& mortgage bonds, due 1949—Nov 15
Corp.,
1965
*
1524
$3
convertible preferred stock
,
Nov 22
International Paper Co., 1st & ref. mtge. 5s, ser. A & B_Dec
1
1967
National Terminals
1972
Equity
Philadelphia
Corp.,
preferred stock——
Transportation
Dec
1970
14
Co.—
1st and ref. mortgage bonds, series A**
Poli-New England Theatres-, Inc.—
——Nov 15
1st mdrtgage
bonds, due 1958
Nov 15
Springfield City Water Co., 1st mtge. 4s, due 1956——Nov 16
1742
1671
-
Date
■-
Page
Algoma Central Terminals, Ltd.—
Debenture stock and bonds, due 1959
Nov 30
Arkansas Power & Light Co., $7 preferred stock
Nov 15
Buffalo Niagara Electric Corp.—
Gen. & ref. mtge. 3 Va % bonds, ser. C, due 1967
Dec
1
Central "New York Power Corp.—
...
General mortgage 3bonds, due 1962
*
Dec 30
977
-
Central
Vermont
Public
Service
1730
1965
bonds, series B, due 1966
—Nov 13
Century-Parkway Corp., general mtge. 6s, due 1956——Nov 10
Cincinnati Gas & Electric Co., 1st mtge. SVaS,1 due'1967_Dec
1
Consolidated Oil Corp., conv. 3Vzr/o debs., due 1951——Dec
1
Crane Co., 10-year 2%
debentures, due 1950_ii,
-Dec 20
Eastern Car Co., Ltd., 1st mtge. 6s, due 1952
-Jan 1,1945
Elk iHorn Coal Corp., collat. trust 4'/o bonds, due 1956—Dec
1
Pood Machinery Corp., 3 ',b
debentures
Dec
1
1970
1297
Eastern
National Dairy Products Corp.,
1972
of
Co.
Distillers
National
VA'/b
7-year
Products
Delaware—
debentures,
ZVt'/o
Corp.—
due
5
——;—— -Dec
1949
first preferred stock—
.-Jan ; 1
Northwestern Barb Wire Co., 1st mtge. 5J/aS, due 1945—Dec '22
Corp.,
Ohio
Water
East
One
4%
-
Service
55th
St.
—
1st mortgage 4s, due
Co.,
Corp.—
2005
1
1.
1964--—Dec
■
2005
mortgage leasehold bonds, due 1955——Dec
1
Ottawa Valley Power Co. 1st mortgage 4s, due 1964™...Dec
1
Pennsylvania Glass Sand Corp., 1st mtge. 3V2S, due 1960 Dec
1
Phelps Dodge Corp., conv. 3V2 Vo debs., due 1952—-Dec 15
,
2005
2005
Pittsburgh Steel Co.—•
1st
mtge.
series
Poli-New
bonds,
4Va%
series,
1st mtge,
and
C, 4'/2%, due 1950
—
Great Northern
bonds,
——-Dec
1st and
2006
1
Gen.
Theatres, Inc.—
1st mortgage bonds, due 1958
:
—Nov 24
Portland General Electric Co., 1st mtge. 5s, due 1950__Dec
1
Public Service Co. of Colorado, 4# debs., due 1949
Dec
1
Puget Sound Power & Light Co.—
England
1st
mortgage 4V2s, due 1972.
—Dec
Revere Copper & Brass, Inc., 1st mtge. 3V4S, due I960—Nov
Salmon River Power Co., 1st mortgage 5s, due 1952-—Feb
Thermoid Co., 4xkfo 1st mortgage bonds, due 1958
.-Dec
Toledo Edison Co., Vk'/o debentures, due 1960
JDec
Twentieth Century-Fox Film Corp., pr. preferred
Wieboldt Stores, Inc., $5 prior preferred stock
ENTIRE
Central States Edison,
Chicago,
Illinois
*
1967
*
*
1967
1967
ISSUES
stock-Jan
—Dec
Nov
13
Corp., .$6 pfd. stock——Dec
' 4
Division
mtge. 3& 4%
Station
bonds due
mortgage 3%s,'series E, due 1963
Commonwealth Edison Co.—
1st
mortgage 3VzS,
series I, due
ft
1:2299
1397
1860
Cigar Corp.,
Gas
Utilities
Corp.,
25-year G'/o mtge. bonds, series A, due 1948
Feb 1,1945
.——Jan 1,1945
*
Minnesota, Northern Division
bonds, due 1948—_**——Apr
1526
1, 1945
1526
Ottawa—
bonds, due 1946-1957—
———*—*Jan
bonds, due 1945-1960——————
Jan
I'
2
*
*.
collat. trust bonds, series A, due 1953-**—Man 1,1945
1526
1969
1402
—
&
Ohio
RR.—
1
1
»•;
•
1
1
1736
1
ft
1
1970
Kansas City Terminal
Ry., 1st mtge. 4s,"due 1960—Jaii 1,1945
1527
6%
Koppers
3 V2 r/0
1180
debentures, due 1953—Nov 27
5 Vo debs., due 1951—Nov 28
Danbury & Bethel Gas & Electric Light Co.-—
Consolidated
Consolidated
1952
Kimberly-Clark Corp.,
.
1962
1
Dec
due
Hamilton
.
1290
1860
*
bonds,
By-Product Coke Gvens, Ltd.—
mortgage 20-year 5% bonds, series A—*—__**—Dec.
General mortgage 6(V bonds——.-**=.
*—Dec
Heywood-Wakefield Co., 5% debentures, due 1946—___Dec
Hudson River Day Line, ISt mortgage 6s, due 1946-—Dec
International Rys. of Central America—
1st'lien and ref. 6V2% bonds
—r___-Feb
■{<
1626
5
1968—*
mortgage 4%
Mobile
3% Vo
1521
1945
1949—Jan
—Jan 1,
bonds, due 1961
1526
trust tlb
1st
.
•*
1968
1969
2
Gulf,
2008
,
1967
Hackensack Water Co., I'/o preferred s^ock——Mar 30
ft
*
,
Jan
2
1st mtge. & collat. tr. bonds, due 1961*Dec
preferred stock
4
Co.—•
& 3'/b
L
Kress (SL. H.) & Co., special preferred stock
Industries,
rDec 14
15-yr. 2nd mtge. bonds due 1956_Dec
■»
*
1187
1
1633
1
1G33
bonds, due. 1950— _No,V" 20
1633
Jan 1,1945
1404
10-year collateral trust SMzs, due 1950———Jan 1,1945
unified mortgage 3Vz'/o bonds
Jan
1
1404
La France
Lehigh Valley Transit Co.—
1st mtge. 47o bonds, series A, and
due
1945
—
5io bonds, series B
——
—*
Long Dock Co., consol. mtge. 3-1 '\c/o
Louisville & Nashville RR.—
Unified mortgage 3J/2s, due 1950—_—
-
—Dec
Ext.
1629
'
1526
4'/2 7*
1742
2008
«•
,
1967
1967
.
3xkp!o-4r/o
2006
Co.—•
1st
1630
'
Jan 1,1945
1st
Burlington & Quincy RR.—
Union
Ry,—
mortgage \V\%
Grey Nuns of the Cross of
CALLED
collateral "trust bonds—*
ref.
Eastern Ry. Co. of
2006
Date
Inc.,
1399
mtge. 4% conv, bonds, ser. G & H, due 1946_Jan 1,1945
Collateral
1868
1
15
1
15
.1
' 2
30
Allegheny Ludlum Steel Corp., 7% preferred stock
Dec
1
Arkansas Power & Light Co.—
1st and ref. mtge. bonds, 5'/« series, due 1956—
Dec
1Atchison, Topeka & Santa Fe Ry. Transcontinental
Short Line, 1st mortgage 4% 50-year bonds.
—Jan
1
Avery (B. F.) & Sons Co., 5% notes, due 1947
Nov 15
Chicago
1293
>
Street Ry.—
Massachusetts
,
1st
1732
1732
1966
-.
•
Nehi
1860
1966
429
DeWitt Clinton
1863
■
.
Pane
41/2%> ref. mortgage bonds, series A, due 1948—*—Jan
1
G'/o ref.-mortgage bonds, due 1948——.
—_—*•—Dee, 1
Empire District Electric Co.—
- •
\
1st mortgage and ref. 5s, due 1952——_*—*„*Nov 20
Erie RR. 1st consol. mtge. 4% bonds, ser. C, due 1959—Dec 20
Fraser Companies, Ltd.—
■
- ■
•
•
1st mortgage bonds, series A
i.*—***Jati
1
6'/+ s. f. mortgage bonds
>'_*_i_*_**—_**.*_ Janr
1
G'/o' 1st mortgage bonds, series of 1936*—,*_**_
Jan
1
Gatineau Power Co., 5debentures, due 1949-—-Dec
1
Georgia-Carolina Power Co., 1st mtge. 5s, due . 1952
Jan
1
Glen Alden Coal Co., 1st mortgage 4s, due 1965-*-**—Dec
1
Utilities
Central Vermont Public" Service
Corp.—
1st mortgage 3V2S&
Date
,
_Dec
I
—Nov 15
debs., due I960—Dec
1
Southern
Company and Issue—
PARTIAL REDEMPTION
Company and Issue—
.
debentures, due 1966*,
Metropolitan Building, Ltd., 1st mtge. 5s_.
a list of corporate bonds, notes,
and common stocks called for redemption,
including those called under sinking fund provisions.
Corp.,
:
Derby Oil & Refining Corp., $4 preferred stock
—Nov 15
Hotel, Inc.—
:
<
'
r
Albany Metropolitan Hotel,.1st mtge. 6
bonds—Dec
1
Eagle-Picher Lead1 Co., 6r/o preferred stock—Jan
1
4Vz 7o
Below will be found
Buffalo General Laundries
.
1968
Iowa
preferred
Atlantic City GaS Co.,
...
1
24
General Shoe Corp., 3 V\ rU debentures, due 1956———JDec
Iowa Public Service Co., 1st mtge. 3%s, due 1969*;
Nov
Notices
NOTICES
Company and Issue—
Page
Date
Company and Issue—
Redemption Galls and Sinking Fund
10-year collateral trust 3'/a%
b°onds, due 1950
Jan
1
a
*
■
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
"*■
Date
Company and Issue-
Name of Company
Prior preferred and cumulative preferred stocks-,.
1st
mortgage 44%
1st mortgage 4%
1st mortgage 44
bonds, series G,
due 1965
Narragansett Electric Co. *—
1st mortgage 34s, series A, due
National Dairy Products Corp.
.
Apr
______May
11-
8
75c
12-
1
11-15
75c
12-14
11-18
.
Aikman
&
,
1530
Extra
Counties
2005
2006
Croft
Illinois—••
1
,
2006
.
Debe:nture
Denver
Co.
10c
Co.
(quar.)—
;
Diamond
1531
Dobeckmun
Co.—
54
*2231
gold bonds—Central Pacific stock coll, due 1949—Dec -1
1
Trustees ol Indiana University—
•> •'
1st mortgage building bonds. (Student Unions)-,
.Nov 15
1st mortgage Hall of Music bonds,—_
Nov 15
Twin City Rapid Transit Co.—
,
:
■
1st lien, and refunding 54s, series B
;__-Jan 15
1st hen and refunding 5 4 4 bonds, series A
;
Dbg
1
Union Investment Co.* 1st preferred stock—
_Jan 1,1945
4<4-
Alkali
54
United Gas & Fuel Co. of Hamilton, Ltd.—
Eastern
Utilities
Household
El
Natural
Paso
Fruehauf
mortgage, 5s, due 1946_—-—
1
_____Dec
11-10
$2
12- 1
11-15
12- 1
,11-20
1- 2
Ltd.,
General
2-1
'
12-11
25c
12-12
12-
50c
12-12
12-
1
12- 1
2
12-15
I25c
(quar.)
General Motors
11-8
15c
1- 2
12-28
12-11
12-1
50c
12-
1
11-15
$$2
11-30
11-22
11-13
12-12
12-5
50c
_____
Grandview
declared. /
V
Great
Co.
Chemical
Name of Company
of Rec.
"
9
11-30
11-15
20c
12- 8
,11-30
Alabama Great Southern RR. Co., ordinary-
$4.50
12-20
,11-14
participating preferred.-.-..:._______
Albany. & Vermont RR/ (year-end)—
Aigoma Steel Corp., Ltd.; 54 pref. (s-a)___
Allis-Chalmers Mfg. Co., com, (year-end)___
i',4 preferred (quar,)
———„—_
$4.59
12*20
'11-14
$L
11-15
Aeronautical
Air
.
—.
12'/aC
Products. Inc.————————
Inc
Associates.
————
6<«
Aluminum
of America,
Co,
■■
!
90c
Co,
12-
Oil
&
54
Gas,
30c
,
——
Electric
&
Co.,
Metal, Inc.;
Ampcb
.
common.,
.
12-
12-11
12-30
10c
10c
3*31
11-20
12-,; 1.:
11-20
75c
12-
Farms
'
Co., $3 preferred
Armour & Co.,
$6
(quar.)_
prior pfd. (quar.).
class A——
:
11-20
1
;
1-1
12-12
■
Rubber,
9
12-9
11-15
$3
12-12
12-
12-12
■;
12-
30c
11-30
25C
12-1
11-20
convertible preferred (quar,)——-—
Automatic Voting Machine Corp. (year-end)
4iy4c
12-1
Automatic Gear
——
Works,
$1.60
Balfour
Building, common v.t.c.
i2ys.c
■
11-15
.12-1
30c
11-20
50c
12-
1
$1.50
12-
1
30c
,12-
1
$1.25
Bigelow-Sanford Carpet, common (quar,)—
6:4 preferred (quar.)
—
Black,Hills ; Power & Light, common..:—
54 preferred
(quar.i
Blue Ridge Corp., $3 conv. preferred - (quar.);
Optional
sh. of com. stk, or cash) __
Border City Manufacturing Co; (quar.)—
Boston & Albany RR, Co.——
Boston, Woven Hose &; Rubber—
64 preferred (s-a)—
—-——
Brown-McLaren Manufacturing
(quar.)——
Brown, Shoe.Co,, Inc, (quar.)-—
Brunswick Balke Collender Co., common-$3 preferred (quar.)—
——
12-
I
12-
f
.
11-15
11-20
11-20
-
"
■
: 75c
50C
$2.25
11-20
11-30
,
Hills Falls Co.
11-
12-30)
$3'
1
Oil
Canadian
11-20
L
64
12-15;,
I-
$1.25
,,25c
2:
.
.
$2
$25c
■
;
12-1?
$20c
1
Catawissa RR,
54
Co.,
•
2nd preferred
54-, 1st preferred
12-
(s-a)-
12-15
12-..1
s
11-15
II-23
II-
6
11-23
11-
12-15
11-20
6
"
$2
preferred (accum.)
Central Paper, Co. Inc
:
Central States Edison Inc.. (year-end)
Central Steel & Wire Co.—^-
Central Vermont Public Service Corp.—
$6 preferred ^4
-
4
40c
(s-a)
3:50c
20c
$1.25
25c
25c
r
11-15
12-
12-20
.
1
11-30
12-15
11-
4
11-15
H-29
11-20
12-
9
10c
12-20
12-11
50c
12-
-
4c
11-20
12- 1
11-15
11-23
9
11-30
11-15
12-11
12-
1
$1.75
12-11
12-
20c
12-1
11-20
8IV4C
12-1
12-1
11-20
25c
12-11
11-20
25c
.12-11.:
11-20
20c
1
Car
Co.
(year-end)
of
America., com. (quar.)
54
preferred (quar.)_______
United Elastic Corp.
(quar,)
1- 2
1111-
$1.18%
12- 1
—77%c
_______
10c
12-12
12-15
12- 1
.ll-iS
5c
12- .1
Co.,
—
Co.
Co.T common (quar.)
preferred (initial.)
Engineering
40c
Walgreen
44
Wellman
,
Extra
West
Canadian
12-15
12-15
$1
12-1
1
.11-20
participating preferred (quai\)__
Supply (quar.)
Steel Products, Ltd. (intevira)____Western Utilities Corp.-64
convertible preferred (quar,)—!
Westgate Greenland Oil (monthly) ___—__
Weyenhaeuser Timber
320c
25c
$1
12-
1
lt-20
12-
1
11-20
12-
1
11-15
80c
Western Auto
Western
Will
&
Baumer
12-1
12-1
10c
12- 5
12-
5
62y2G
$1
17y2c
1
11-17
10-31
11-10
10-31
$3iy4C
12-15
11-30
$2
75c
12-11
11-30
12-
1
11-20
12-
1
11-15
12-
1
11-17
12-
25c
12- 1
11-15
(J. P.) & Co. (year-end)_
Murphy (G. C.) Co. (quar.)=.^
6Vs4
preferred (quar.)__Nebraska Power, 74 preferred
64'
'
preferred
York
Noi'wich
12-15
11-20
15c
12-30
12-20
10c
12-
12-
9
12-12
15c
12-
35c
Below
we
11-24
12- 1
11-20
2-1-45
1-20
50c
;
1- 2
50c
_______
common.
4-2-45
3-2Q
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.
Industrial and Miscellaneous Companies
RR.
Pharmacal
.
12- 4
;
381'Ac
$1.75
$1.50
Oklahoma Natural Gas,
Ontario Steel Products,
74
preferred
(quar.)
Sugar
Paramount
Parker Pen Co.
;.
11-30
12-15
11-30
2-15
1-15
2-15
1-15
5
11-25
12-
50c
(quar.)
12-29
12-
11-25
11-15
1
Co.
.
12-
1
35c
12-
1
25c
Parker Rust Proof, eommon
'74 preferred (s-a)
Parker-Wolverine
—
12-15
25c
—
(quar.);
1
Interim
11-20
50c
Co.—
Pictures
12-11
325c
3$1.15
Common (quar.)
11-25
$1.75
$1.75
pfd. (quar.)_
pfd. (quar.)
74
11-17
1-15
15c
Co.____________
1
$1
(year-end)
Oklahoma Gas & Electric* 74
:
Per
Steel
Co.
(quar.)——
When
Share
Name of Company
Acme
12-20
37 '/2o
8
11-20
11-20
12- 2
'
Dredging Ltd.—
U5e
12- 1
11-11
Holders
Payable
of Rec♦
75c
11-10
50c
12-12
11-10
40c
-_l
12-12
11-15
10-31
■
ExtraAcme
;
.
Wire
Co.
(irregular)
Service, $6 preferred.
Allegheny Ludlunr Steel, 74 preferred-.—.
Alabama
—
Laboratories
Allied
Mills,
Allied
12-
$i.75
12- 1
L
12-
25c
Inc
3-2-45
11-15
11-
8
15C
Stores
12-26
12-
9
12-
5
11-15
1-20
12-29
$1
—
Corp., common
54
preferred (quar.)
Alpha Portland Cement—
Aluminum, Ltd., common (quar.)
1-
250
$1.25
—
12-20
1-
12-15
2
25c
—_—
12-21
12-
1
3$2.
12-5
21-
9
t $1.50
64
preferred (quar.)
Amalgamated Leather Cos., 64
conv. pfd.—
preferred (accum.)
Inc., $4'A preferred——
American Arch Co.
(year-end)
JAmerican Automobile Insurance (St. Louis) -
64
1
12-22
$3
'
Inc
*
95c
(year-end)
Allegheny & Western Ry., Co., gtd. (s-ar___
Allied Kid Co.
(quar.)
Allied
1
$1.50
Water
Common
(quar.)
Central
Pato Consolidated Gold
$1,816
;
(quar.)
11-27
11,-20'
Nanaiino-Duncan Utilities Ltd.—-
11-20
50c
Common
12-15
.
8
12-20
$1.75
(reduced)
Mines
(Wni.), Jr., Co.,
Judson,
—
11-10
12-
.
:
11-24
1-
4'"'
11-25
1-2
11-27
12- 6
$2
62V2c
•
Manufacturing Co.—
prior preferred (accum.)
11-24
15c
11-
11-10
12-15
10c
—
Common
11-20
20c
■
—;
preferred
(quar.)
Wilson-Jones
Co.
(year-end)
Woodward Governor (quar.)____
-
11-15
11-15
12-5
11-18
I5c
lc
50c
Candle,"common-
Year-end
84
11-20
$1
11-15
Hydro-Elcctric Corp., Ltd,—
12-
11-15
$1.0(S
5
11-15
35c
11-15
4c
li-
(s-a)_______________—
Common
11-21
7yac
11-18
11-17
11-17
11-15
12- 1
12- 9
12-15
12-15
12-1
11-24
11-24
12- 1
11-27
1
(extra)
11-24
,
common (quar,
50c
12-30
(quar.)
$1.75 / 1- 2
(year-end)
20c
12-15
U, S. Rubber
Co., common__,
50c '
12-15
84 non-cum. preferred___.-_
$2
12-15
Universal Match Corp.
(year-end)50c
12-15
Utica Knitting Co.____________„_____--^-$1
12- 1
*
Cos
preferred
U. S. Graphite
1
11-10
1
12-1
11-15
Wrigley
11-10
50c
12-
11-24
Wright-Hargreaves
1-2
1-2
10-31
9
344
.
*
12- 8
12-
Coal
Worumbo
•
1- 2
U- 7
12- 9
'
U. S. GypsUm
1- 2
$1.75
12-15
10c
L
Electric
$1.50
$1175$1
11-25
11-20
.11-15
'12- 1
25c
Extra
United
1-2
$1.50
,
11-25
12-15
12- 5
12- 5
25c
$1.25
35c
■
11-25
12-15
-
$1,
50c
___
Co.________
Biscuit Co,
United
$1.25.
prelerred_______
Fisher
10c
35c
50c
15c
$1.7,5 '
$1.75
10c
Corp,
Elliott
Union Tank
11-20
___
•
.
Underv/ood
1
12-
—
$1.40
2
11-15
(quar.i___
Extra
11-15
$1.50
11-30
12- t
12-15
pfd.
common' (quar.)
Roofing,
74
11-28
•
(quar.)—
com,
12- 4
Extra
11-16
12- 1
12-15
12- 5
340c
11-30
12-15
12-15
1-1
11-15
1- 2
12- 8
$1
37yac
$l.l2y2
37y2c
$1.50
preferred
Paauhau
I
$2
—
"
64
11-30
$25c
■
Morgan
New
11-15
y 12-1
.
75c
;
112-30
12- 1
45c
—
>
1
75c
_.
(s-a)
(accum.) —"
Tyler Fixture
(initial quarterly) ________
Spinning
Montgomery & Erie Ry. (s-a)_j_
Montreal Loan 8s Mortgage-Co. (quar.)
12-1
50C
50c
—
11-20
150
.
54
11-30
'
12-23
$1.50.
Central Illinois Public Service—
$6 preferred
12-9
$2
Co., class B( increased
(quar.)
11-16
Monomac
,
1
11-13
!;•
12-L5
•
1
11-1
12-
12/
50c
common,--—-—:—-'—-1—i-i';
preferred (quar.)——;———L—_'— '
class A
6
11-30
12- 1
12- 1
12-15
12- 1
Year-end*
12-20
,11-
11-15-
.
$15c
■
(
12-
11-15;.
.12.'4c.
Oil,
Carman &
II-
12-20
•
11-20
12-
25c
1
LtdJ (extra)—
11-13
preferred C (q*ar.)____
preferred D (quar.)
Mojud
Hosiery
(formerly -Mock,
Voehringer), common
1
12-
12-1..
■
50c
Ltd.4 (quar.)——
Cos.,
12Vfec
$25c
$1.50
_
44,
•
'
Canfield
5
4'A 4
11-30
12-15'
2yac.
(quar.)—-———
————4——.4:-,.,,
Canadian Fairbanks-Morse - (extra).———
12-
—..
Oil Co.,
11-15
12-15
—,
•
,
Building' Froducts,
Bullock's, Inc.-
12-15
.
preferred' (s-a) ____________—
Minneapolis-Honey well .-Regulator Co.-44 preferred B (quar.)
,
Buck
$1
Michigan Consolidated Gas Co.—
4%4
preferred (quar.)
84
11-10
12-27
50c
10c
25c
convertible preferred (quar.)
Timken Roller Bearing_____.
Tivoli Brewing
Troy & Greenbush RR; Association ts-a)___:
Tubize Rayon Corp., 74"preferred________—
—
Midwest
•
' 11-10
.11- S
-
5
_
11-17
'
(quar.i-
.
12-
preferred
$6 prior "preferred__________—__________
$7 preferred _________
_____________
$7 prior preferred.
;
Metropolitan Industries,: 64 pfd. (accum.)
Allotment ctfs. for 64 preferred (accum.)
11-20
12-1
37V2C
Mills,
11-20
12-1
75c
Sullivan
Corp.
12-15
11-20
12-12
2- 1
2-1
12-1
11-25
$1.06'A
preferred
Sterling Drug Inc,
12-15
3c
$5
12-23
11-20
10c
________—
$4.25
,11-18
11-18
11-18
12-4
12- 1
11-14
11-27
1-15
1-15
11-15
11-15
11-24
11-10
$1.75
37'Ac
20c
40c
50c
$1.25
Southland Royalty Co.
(year-end)
Sport Products
Squibb (E. R.) & Sons, common (quar.),
$5 preferred A (quar.)
$1
35c
Car,
11-30
11-30
11-30
12-13
3
$1.75
i._»
1
Petroleum
$6
11-20
11-30
37yac
Inc., common
_____
$1.50 convertible, preferred
(quar.)__
Belcten Manufacturing Co. (quar.),—-
Beaunit
,12- 1
•
$1
(quar.)——
50c
$1.50
1
10c
(quar.)
preferred (quar.)_____________
preferred (quar.)
Southern Natural Gas (year-end)
12-
Thermit,
Motor
11-
25c
preferred
74
12-15
35c
.Extra
11-20
11-15
Inc.—
Tilo
Co
Metrbpolitan Edison,
11-20
.
Co<
11-15
74 Preferred (quar.)___
Textile Corp., common (year-end)
$3.25 participating preferred (quar.)-:
: Participating
Meteor
11-15
common——„—I—
Auto 'Ordnance
Paper
12- 1
Metal
1
&
(quar.)_ ' $1.12V2
10-24
1
Bag
64
4
11-30
11- 1
,
.
Advance
Tex-O-Kan Flour Mills, 74
Texon Oil & Land Co.__
.
Electric
12-
12-15
$1.50-
,
Sylvania Industrial
Maguire Industries (year-end);
—
30c
Maliory, Hat, 74 preferred (quar.)
$1.75
Masonite Corp,, 4!/2 4 preferred (quar.)—$1.12y3
Atlantic Gulf
$2
11-15
12-11
(extra)
Souie Mill'
Southern
12-1
25c
Corp,__
Oil
.
50c
50c
certificates
O.)
11-15
12-
&
(A.
Socony-Vacuuni
11-30
11-15
Metal
Participating
Smith
11-16
11-25
11-13
12-15,
12-15
Co.—
B (quar.)____—______—
(quar.)
_____
Machinery Co,—
Sunshine Mining Co. (quar.)_____
______
12*15
11-15
$2.50
&.'West Indies SS.'—
Common
(year-end)
———
54; non-cum, preferred (s-a) ______——:~~
12-
50C
Armstrong
50c
Broadway Bldg.
12-15
11-25
Merchants
"
$1.50
conv.
&
1-2
25c
Master
Sixth
12-15
<year-end)—__'
Mines
' 11-27
60c
11-17
(interim)
Gold
11-21
11-16
25c
'
Il'/ac
11-15
(interim)35c
MacLeod-Cockshutt
;
3-12
12-1
50 c
Anciian National Corp.' (interim) ___——Archer-Daniels-Midland Co. (quar.) ——
,
12-1
12- 8
11-27
Simonds Saw & Steel (year-end)
Gold Mines (quar.)_„.-_*_™__,_
11-17
!
—
12-11
Siscoe
12-11
^
Co.
11-1
12- 1
10c
•
12-11
(quar.)
Cord Sole & Heel
12-H
12-1
12-11
50c
:
25c
84 preferred (s-a)
Ludlow Manufacturing & Sales Co. (quar.)_
Mackintosh-Hemphill Co.-'
7
Extra
12-
:
(quar.)__
Co.
12-li
25c
11-30
(quar.)
11-1
1- 2
Sharp & Dohme Ino._„____
(W, A.) Pen Co. (quar,)^.
1- 2
(year-end)-^
(quai*.)
Co.
D.)
-
12-11
12-11
Sheaffer
12- 4
of Canada (quar.)
Ltd.
12-20
12- 1,
12-1
11-15
1- 2
.
12-15
Louisville Provision,
11-15
■
Gas
Los Angeles Investment
11-15
f
1-2
t50c
Common
Arden
I
12-15
$1.18%
—
12-
(R. B.)
Year-end
12-27
(quar.)
11-15
1- 2
1- 2
participating preference
Inc. (quar.) __________
12-27
(quar.)_^._
pfd.
A
preferred
10-20
11-20
11-6
12- 9
11-15
11-11
11-20
Investment
10c
common______—
preferred
(H.
Lima
1
12-15
40c
common,;.
(quar.)————————
12-
64
Levy .Brothers Co., Ltd.
11-15
:
12-15
;
20C
4%'/* preferred
9
13-15
50c
American Gas
11-30
Lee
Selmer
44
1
(quar.)_r—
International
12-10
"
,
Lane-Wells
"
$1
I-8
arrears..--—_____
Petroleum Co.,
Natural
Drug Co.,
54
12-11
11-22
12-
37y2C
*
(quar.)
2-1
—
11-20
A
Canadian
(quar.)
15c
preferred
Kearney & Trecker Corp. (year-end)_______
Kimberly-Clark Corp., 64 preferred--:—_
King-Seeley Corp.
Lake Superior District Power Co.—•.
1*
11-17*
tl- 2
.
Fibre,
11- 1
12-13
11-20
310c
.15c
(quar.)__.
B
$1.75
64
12-
1
1-
15c
Katz
1
12-15
$1.50
,
International
Interstate
12-1
1
5
12-11
50c
common———
11-
12-20
■
SI
preferred (quar.)„_____
Aluminum Industries (quar.i———.—
American Chicle
1-
t$2.50
6-:
Amalgamated Electric Corp., Ltd
Amerex Holding Corp, (s-a>_
*
12-
•
C
$50
$4 prior pfd,
all
11-20
12-15
11-20
11-20
11-13
.if
11-20
'
$1.62'/2
$1.75
$1.87'4
$2
(quar.)
40c
Imperial Oil, Ltd. (s-a,t____^_—:
International Nickle Co, of Canada—____
11-18
15c
Casting: ——_______ -
Aluminum
Advance
11-16
Hunt brothers Packing, 64 pfd. (quar.)
Hutchinson Sugar Co.______
__Li^
H older i
Payable
11-4
25c
pfd.
12- 1
1- 2
12-1
12-1
12- 1
$2.50
70C
75c
$1.50
—
25c
clear
payment
Hummel-Ross
Share
:
12-
12- 9
$1.25
4J/24
Hinde & Dauch Paper Co.
When
1
12-11
-
Hartman Tobacco Co.,
Hiawatha
Per
1
11-15
common
Co.,
11-17*
11-20
$1.75
50c
Common
Industrial and Miscellaneous Companies
5
.12-
10c
Special
Hafshaw
12-1
12-15
$2.50
(s-a)$2.50
60c
50c
20c
374c
350c
$1.06
preferred
lc
Sugar,
11-15
,
RR,____r
D
debenture
Co., Ltd.,
9
11-
12-11
11-15
75c
(year-end)
common
preferred (quar.)
Grocery Store-Products Co._________
Group No. 1 Oil Corp._„___^.________
Group No. 2 Oil Corp._______
Gulf Oil Corporation (quar.)_
The dividends announced this week are:
11-
11-15
30c
$1.75
_—
Mines
Western
This
11-20,
1
35c
preferred (quar.)__
(quar.)
7 4
,
11-20
12-
$1.12V2
preferred (quar.)
Golden Cycle Corp. (quar.)
are
12-1
40c
(quar.)______—
(s-a)
Corp.,
12-1
$1.25
preferred (accum.)
(year-end)
Whitehall
debenture
84
11-15
3c
$1.75
preferred
.12-5
$1
■
11-20
—_______
74
Corp.
debenture
Second
12-15
60c
■
$5
grouped in two separate tables, In the
first we bring together all the dividends announced the
current week.
Then we follow: with'-a second table in
which we show the dividends 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
Dividends
1
11-15
45c
Year-end
General Industries
DIVIDENDS
1-
&
74 4
11-15
_______
Corp.
Oil
debenture
74
1
$25c
(quar.)__
—
12- 5
40c
/
(quar,)
Light, 64
Packing Co., 54
64 4
1-15
12-
20c
Bronze
preferi'ed
Rutland
12- (1
12-15
t$1.25
•
(quar.)__
12-15
12- 9
35c
1
Sayannah Electric & Power Co.^—
$55l/ac
;
common
preferred
12-22
50c
-
Manufacturing, Co.__„___,.______
Roos Brothers, Inc.
(quar.)
Roxy Theatre, $1.50 preferred (quar.):
Royalite Oil Co.,, Ltd. (s-a)
11-24
(quar.)
,15c
(quar,)_
__
com. (quar.)
common
11-18
11-30
11-17
(quar.)____
common
Risdon
11-20
com,
12-12
12- I
12- 1
12-23
12-8
(quar.)
Drug Co.,
participating
74
11-30
12-1
Corp.__
Co.
Gallaher
fin Volume 159.
11-20
Ltd., 6 lAi 4 preferred (accum.)
Trailer,
4Va4
2009
Richfield
1
$1.12 '/2
f$2.50
pfd. (s-a)
.(quar.)_______—
Petroleum
Florence Stove
York Utilities Co., Inc.—
12-
12-
,
Ltd.,
(quar.)
*
2009
Rath
12-15
Utilities____—
Gas,
Sugar
Federal Grain
"56"
Public Electric
11-25
1
Chocolate
&
Inc.,
11-15
50c
Associates
preferred
Fajardo
1781
$3
Nut
11-15
$1,75
.
(quar.)
Electric
.
Prentice-Hall
25c
Products,
1565
——_—
♦Announcement in this issue,
Steel
1565
mortgage 54 s, due 1958.
Jan : 1
Welch Grape Juice Co., 7% preferred stock——————Nov. 30
1st'
Planters
11-25
12-15
Company
preferred
74
12-15
75e
Steamship Lines, common.
convertible preferred (quar.)
Eastern
.
;
12-15
12-20
12-1
(quar.)—
Corp.-Seagrams
preferred (quar.)
$2
1532
.
11-20
11-20
11-15
*
Philadelphia Bourse
Pittsburgh Coke & Chemical Co.
(recently
known as Pittsburgh Coke & Iron Co.) —
35 convertible preferred (quar.),:
Pittsburgh & Lake Erie RR
Pittsburgh Youngstown & Ashtabula Ry.—
74
preferred (quar.)
-12-15.
30c
Eastern
Southwest Telephone Co;, 1st mtge. 6s, ser. C, due 1947_Dec
11-21
—$1.37y2
(quar.)
Distillers
54
11-21
12-8
$1.50
$1
$1.50
'
31 Vic
5c
Corp.,
Extra
12-29
•.
—-'60c
—
1
12- 1
25c
(year-end)_____
Peoples Telephone, 4'/a 4 preferred_,__
Peoples Water & Gas, $6 preferred (quat.l_
Permutit Company
Peter Paul, Inc, (quar.)
Pfizer (Charles)
Co. (quar.i
12-15
50c.
(year-end)—25c
(year-end)
preferred
1743
—
1
Corp, (year-end)
Co. (quar.)
Securities
&
1743
.
12-
12-
12- I
-12-11
Union Stock, Yard Co.—,
5l/a4.
,
12-15
Forster
2008
Riiddy: (E. L.> Co., Ltd,—
;
644 1st mortgage and collat. trust debentures—Jan 1,1945
Schoenstadt (H.) & Sons, Inc.,- 1st mtge. 64 bonds—Dec
5
Sisters of St. Joseph of the. Diocese of Peterborough (Ont.)—
44 4 bonds
___i—•—____—_
—Jan 2,1945
1
$1.25
preferred
1868
—.—
12-
.
25c
(quar.)
Insurance Shares Corp.—
(quar.)—
Cushman's Sons, $8 preferred (accum.)
Dayton Power & Light, 4 V2 4 preferred (quar.)
,
mortgage 34s, due. 1968—
Nov 25
Restigouche Co,, Ltd., 64- S. f. mortgage bonds—______.Jan
1
1st
12-15
$1
Gas
&
74
,
.
1
50c:
Can
Brewing
Crum
12-
'
& Electric, 1st preferred (quar.)
Petroleum Corp.
(year-end)—
Creole
12-15
—
Continental Casualty
Extra
1299
Co.—..
2
75c
of Rec,
25c
-
Corp.
Pennsylvania Railroad
11-25
Utilities
Continental Assurance
■
12-15
common_
preferred
Gas
Continental
1
3iy4C
$1.50
Corp.,
convertible
Consolidated
1972
1
3
Pittsburgh, Cincinnati, Chicago & St. Louis RR.—
General mortgage bonds, series C, 444, due 1977—Jan
1st
(quar.)
Electric—
$3 class A——
54
1st &' ref, mtge. 3%s, series H, due 1961——
_Jan
Philadelphia Electric Co.—
,
'
1
1st and ref. mortgage 34 4 bonds, due 1967—i._Dee
Western New
&
—
.
Collins
____________________
Northern
preferred
$3
preferred (quar.)
Coca-Cola Company, common (quar,),
Year-end'
:
1865,
■
Pacific
8
11-15
■
Coast Counties Gas
1972
Oregon-Washington RR, & Navigation Co.—
•'
1st and ref, mtg, 44 bonds, series A and B, due .'
;
r
1961
__Jan 1,1945
Ozark Power & Water Co., 1st,mtge, 5s* due '1952—Marl,'1945
Southern
11-
10c
.
Prior lien mortgage bonds, series A, <' due 1958—Jan
NY PA NJ Utilities Co., 5% debentures, due 1952—Dec
of
10-31
Chicago Corp.,
1739
1
:
Co.
11-10
11-15
Extra
n
——Nov 24
;•/,
City Omnibus Corp.—
Service
Pennroad
,,
New York Railways Corp.—
Public
1
1972
Dec
—
344 1st mortgage bonds, due 1947—
.
12-
.54
Serial debentures, due 1949 and 1950—
New York, Chicago & St, Lbuis RR.—
Pacific Gas & Electric
12-15
Holders
Payable
Share
Patterson-Sargent Co.
10c
Chrysler Corp.
.
•
1
(quar.)_^
When
Per
Company
12-
Mills
Extra
————Nov 13
1966
Name of
0} Rec,
Chambersburg Engineering (year-end)—25c
Charis Corp, (quar,)
15c
Jan
bonds, series E, due 1971—_i~
*
Holden
Payable
12-15
—_:_i_.____Mar
bonds, due 1968
When
Share
10c
Ribbon
Century
Missouri-Illinois RR., 1st mtge, 5s, series A, due 1959—Jan
Mobile Gas Service Corp., 1st mtge, 3%s, due 1961
Dec
New York
Per
Page
Metropolitan Edison Co.—
2111
eonvertible
American Airlines
75C
121-
11-3
1
2
12-15
11-15
$1
12-1
$1.06'A
1-15
$1
12- 1
11-18
■
25c
12-15
12-
1
(quar.)
15c
11-15
11-
3
'z
Quarterly
20c
11-15
11-
3
50c
11-14
10-27
;
American Barge
Extra
'
Line Co,
American Bosch
Corp,
—
(irregular)———*—
■
FINANCIAL CHRONICLE
THE COMMERCIAL &
2112
Monday, November 13, 1944
'
Pet
Name
American
Board
Box
dividend
Stock
for
each
of
share.of
1
of
5%
preferred
American
American &
;
11-15
^-lS
12-15
12- 1
11-15
$1.25
$1.75
7% preferred (quar.)—
Lines, 5% pfd. (quar,)—
$1.25
,0
.
62 Ac
75c
preferred (quar.)
—
(quar.)..—
——,—
American Home Products
(monthly)..**—~
$2.50
preferred
o
121212121212-
(accum.)
-I
$1.50
preferred, (accum.)——-——
$1,75
& Socket Co._„—12 Ac
American General Corp., $2 pfd,
(quar.)*—
50c
$7
American Forging
$3
Crown
10-31
$0
25c
11-15
10-31
Crow's
Cable
10-26
8
9
1.
1
1
1
Electric
California
8
5%
11-10
11-22
•
& Standard
Sanitary—
_J_—10c
20c
American
(increased)—
75c
American Service Co., common (year-end.)—
$1.73
$3 preferred (annual.)
—$3
$3 preferred, class A (annual) _u.—
$3
Rolling Mill Co,—*
Safety Razor Corp.
American
7%
$1
$3.50
50c
50c
Co., common—
preferred—
& Refining, com. (quar.)
Foundries
(quar.)—
Building
American Ship
non-cum.
American Smelting
American Steel
Co.
American Stores
——■:—
25c
______—
(
$1,
American Thread
12'Ac
American Tobacco, common (quar.)
75c
Class B (quar—
*
—75c
Ampco Metal, Inc., 6% preferred (s-a)
30c
Anglo-Canadian Telephone, class A (quar.).
$15c
Anglo-Iranian Oil Co., Ltd.—
Ordinary (registered)
(final)——
15%
Applied Arts Corp. (year-end),
15c
1st pfd. (accum.) _
Co. Inc., 5% pfd. (s-a) —
$6
American Superpower,
—
Arcade
6%
Extra
(s-a)—
,
...
.—
—_____
...
Armstrong Cork, common (interim)—
4%
conv.
preferred (quar.)—.—.—
Associated
Dry Goods,
preferred (quar.).
7% 2nd preferred (quar.)..
Atchison Topeka & Santa Fe Ry
Atlanta Gas Light, 4'A A preferred
(Conn.)
Line
Coast
_
(quar.).
(year-end)
$1.50
(year-end)—
$2
25c
25c
Atlantic Coast Line RR., common
Atlantic
Atlas
*
common—....
1st
6%
$1
$3
25c
15c
25c
$1
25c
$1.50
$1.75
$1.50
$1.12V2
common.—
(s~a)_.__——
preferred
Oil Corp.
Argo
\
Mills,
Cotton
Imperial Diesel Engine..—*—.——.
Atlantic
Refining
(quar.).
Co.
Extra
Corp.,
Atlas
Powder
Atlas
Tack
6%
Autocar
Co.
preferred (quar.)
(year-end)
Corp...
Mines
Gold
Co.,
Avondale
Mills
Radio
preferred
of
Bank
of
Inc.,
common
(quar.)__.
Montreal
(initial
Toronto
•
...
—
(initial,)
quarterly)...
&
...
—
(year-end).—.—.
Bathurst Power & Paper, class A (quar,)-—
Packing
(quar.)——
—
—$1
Co.
,
-
preferred
(quar.)—...
(quar.)
conv.
$7
preferred
Best
&
Bethlehem
7%
Blauner's
common
(Phila.i,
Blaw-Knox
'
Co.
pfd. (quar,).
6%
$1.50
(quar.)
prefeired
—
Copper Co
Chilton Co. (quar.)
8
11-15
.
>
Cincinnati Advertising
11-1
Common
12-20
.
—
Orl. & Texas Pac.
New
5%
11-15
5%
10-31
11-25
11-10
12-23
12-
preferred
$1.25
6-1-45
$1.25
9-1-45
$1.25 12-1-45
5-15
(quar.)
12- 9
11-15
11-30
12- 1
1-2-45
11-15
Cleveland &
12-1
11-17
12- 1
12- 1
12- 9
11-
6
7
11-16
11-16
11-15
Special
5
Cockshutt Plow Co.
11-20
1- 2
1- 2
11-15
Pittsburgh RR. Co.—
11-30
(s-a).—
11-30
Colgate-Palmolive-Peet Co.,
$4.25 preferred (quar.)
11-
Colonial
1
Stores
Inc.,
—_
(quar.)
common
—
common.—
——
(quar.)
preferred
—
4
Colorado
Fuel
11-21
Colorado
Milling & Elevator, $3 pfd,
11-21
Columbia
11-
Corp.
& Electric
Gas
6%
1211-
$2.75
Pictures
11-
Commonwealth
11-
Commonwealth
(quar.),
(quar,)
12-20
8%
6
11-15
12-
12- 1
12- 1
11-
$1.50
.
10-24
12-30
12- 1
12- 1
11-28
12- 1
11-15
12-
11-15
11-15
11-15
10-20
11-15
11-
11-14
11-15
10-20
10-20
4c
11-15
10-16
12- 1
11-15
11-15
11-30
10-31
11-
1
12-15
12-15
11-15
Class A
(s-a)
a»_J—
(accum.)
—■
»;
Inc
$2.50
'
—
Mills
(interim)
50c
,
(irregular).
(quar.)
■
(quar.)
Machine
(quar.)
Sullivan
&
Co.
11-25
....
Mining
(quar.)....
11-30*
Consolidated
12-
I
11-13
Consolidated
Steel
-11-24
11-17
Consolidated
Textile
11-17
11-10
12-
Extra
Consolidated
2-14
11-15
12-10
11-21
87'Ac
$1.75
20c
12-10
12-10
12-15
11-21
Continental
Continental
Oil
12-
Gas
Container
Corp.
Continental
1
2c
11-25
11-15
11-25
11-15
12-
11-
6'/2c/o
1
8
Imperial
Creameries
Adding
Terminal
Brothers,
Buildings,
5%
(quar.)
Butler. Water Co.,
conv.
(quar.)
Mills
America,
Ltd.
(quar.)—
Inc.
(quar.)
7%
15c
12-
5
11-
Crown
1-
15c
(quar.)....
$1.75
—
preferred
12-
1
11-
2
12-15
12-
1
&
Railroad
Erie
Co.,
12-
1
12-
1
$5
beneficial
of
Certificates
preferred A
12-15
12-1
11-15
50c
interest.J..*$._
preferred
Cork
&
3DAC
Morse
&
(quar.)
Co.
........
6%
preferred
Bake
Extra
5 A
Felin
Crown
Drug
Co.,
convertible
17-17
4-1-45
12-30
12-15
$L25
(quar.)
Corp.
$2.50'
3-17
12-16
25c
12-30
12-16
.
75c
class
11-
11-15*
30c
'
Co.
12-
12-15
12-
$1.50
$1
11-15
11-15
11-10
of
11-15
10-16
20c
11-15
10-16
$1.1212-1
11-15
.
Philadelphia
Co.
of
(s-a)„__„__
:
Rubber.
&
Tire
4>AA
of Ogden
preferred-.
........
50c
(quar.)_._____..
Co., Inc.
■'
_____
1
12-1
25c
12-10
12-
12- 1
11-15
15c
12-
1
11-15
25c
45c
.
1
12-
12-10
15c
.
H.)
_____
12-
12-10
50c
'
.....
12-10
25c
(s-a).
____.__u-.__i.
(M.
1
10-16
(Utah>—
(s-a)—;——
■
9
Newark, N, J.—-
Extra
Extra
11-30
10C:
25c
(year-end)
Security Corp.
.
4
11-30
50c
Sc
Semi-annual
A
12-16
11-15
12- 1
12- 9
(quar.)
.
Insurance
B
12-30
25c
$1.50
A_
Co., $6 pfd. (quar.)
_____
Extra
12-18
12-30
'
.Class
1-2-45
4-2-45
25c
Works'
Screw
Firestone
3-17
* $2.50
(s~a)
$1.50
J.)
4
...
(quar.)
■
Association
First
11-30
11-
—_
Electric,
(J.
Fire
11-10
3c
$5 pfd.
—
Extra
12-
15c
common
Federal Light & Traction
Federal
11-10
11-17
(quar.)
Shops,
Federal-Mogul
12-
1
Life Insurance
preferred
Federal
8
12-22
1
(s-ai___.
(Syracuse, N. Y.)
Quarterly
Federal
11-30
11-16
1
12-21
11-30
...A
Traders
&
11-30
12-15
12-
12-
75c
-
Farmers
12-14
$7'/2c
15c
Extra
—
12-14
65c
Falconbridge Nickel Mines Ltd. (interim)
Brewing, common (quar.)
Extra
12-15
1
12-14
25c
.
'
(quar.)
Falstaff
12- 1
11-20
12- 9
11-20
12-15
11-25
12-
1
11-15
12-
1
11-15
12- 1
12- 1
11-15
1
Fitz Simons & Connell Dredge <fe Dock Co.—-
Quarterly
Flintkote
...
_________
(year-end)
(quar.)__,
Florida Power Corp., 7% pfd. cl. A (quar,).
7%
preferred (quar.)..
______
Fort
Co.,
common
.
$1.12V2
$1.75
87'/2c
25c
50c
preferred
$4.50
Pitt
Bridge Works...
Freeport Sulphur Co. (quar.)_-„—
11-14
75c
11-15
11-
6
10c
11-15
11-
1
15c
10-21
75c
11-15
12- 1
$2
12- 1
10-26
12-
1
10-26
•
'
$1.75
12- 1
11-13
(s-a)_.—____—25c
preferred class B (s-a)—
30c
11-25
11-25
11-10
$1
11-15
11-
1
$1.50
50c
11-15
11-27
11-
1
7% pfd.; (quar.)
35c
(quar.37'Ac
25c
11-15
11-15
11- 6
11-15
11-6
11-15
11-
Gamewell
Co.
Wood
.....
Industries, Inc.
General
10-16
General Aniline
America
(quar.)
Corp.
&
class
....
(irreg.)
Manufacturing
Gellmap
11-15
3
11-17
10-30
11-
4
5%
Film
Corp.,*
com.
cl, A._
feature
11-15
will be
.
20c
6%
General
6%
12-
1
General
12-
4
12-15
12c
$$1.75
30c
11-15
12- 1
11-15
10-30
12'Ac
12-23
12-15
11-
1
10-31
on
optional
of
page
Co.,
Outdoor
preferred
General
$1.50
$1
B____
details
1735 (Oct. 23rd issue).
preferred
7A
(quar.).__
preferred class A
11-15
1-2-45
1-2-45
—
Paint
class
A
(quar.
Corp.
Phoenix
series
Advertising,
(special).
Corp.,
preference
preferred
(quar.)
,
com.___
6%
preferred
(quar.)
common
preferred
(quar.)
11- 6
'■
(accum.).—
$1.50
1
37'Ac
12-1
11-20
50c
$1.25
12-15
12-15
11-15
11-15
12-15
(S. A.),
25c
11-30
11-20
Brewing
5c
12-12
11-10
12-23
12-
9
11-14
11-
7
Goodyear Tire & Rubber Co. of Canada-
$1.50
1-
9
12-23
2
;
'
12-15
11-30
$5Qc
11-15
10-14
5c
Co., Ltd,
11-10
-preferred. (s-a)'___'
(quar.)
...
Goodall-Sanford, Inc. (initial quarterly)—_.
Gerrard
Goebel
50c
12-
56'Ac
(quar.)—
11-10
General Steel Castings Corp.—
Goodyear Tire <fe Rubber, common
$5 preferred (quar.)
Co.; Inc.—
Seal
50c
$1.25
(quar.i
Corporation
Gar
.11-10
'
common.....
Common
17-15
19-
c
433Ac
11-15
11-
6
5A
.
-
preferred
Gorham
Extra
Gossard
(quar.)
Manufacturing
_———
(H.
W.)
Co
*
(quar.)
*
—
$63c
12-31
$$2.50
12-31
$62'Ac
(quar.)
Extra
Seal
Crown
7%
12-1
11-15
(quar.)
12'/2c
of
Extra
$2.25
1
$1.75
J$1.62y2
(quar.)_
Crompton & Knowles Loom Works,
6%
preferred (quar.)
1
12-
Co.—
preferred
11-15
2
10-31
12- 1
12-22
12-26
11-15
11-
25c
50c
50c
—_
11-15
12-
11-15
Corp.—
1
1
12-
$50c
75c
(irregular)
1
12-
40c
50c
—
(quar.)
1
12-10
12-15
11-15
1-2-45
1-2-45
1-2-45
Goods
11-15
12- 1
11-30
11-20
(quar.)
12-
Cork
11-25
Ely & Walker Dry
Empire District Electric (initial)..
Employers
found
12-
3
25c
;
28c
Reinsure.nce Corp. (quar.)
40c
Engineers Public Service, $5 pfd. (quar.)__
$1.25
$5.50 preferred
(quar.)
$1.37>/2
•■$6 preferred (quar.)
$1.50
Equity Corporation, $3 pfd. (accum.75c
Co
(year-end)......
General Finance Corp.-—
12-
50c
37M>c
Co.
2
11-11*
General Cigar
40c
(quar.)—
7% pfd. (actum.)
preferred (quar,)
Machine
8
12-
11-15
$1.25
common—.—
(quar.),
11-21
12-18
11-
50c
Mills,
preferred
4
LI-21
11-24
11-10
(initial)——-
Corporate Investors, class A (irregular)
Corrugated Paper Box, Ltd., 7% pfd. (accum.)
Cosmos
12'Ac
4
11-
6
8
11-10
2c
..
.
9
1111-
$1.25
Brewing
National Watch 'Co.
Elgin
11-27
Telephone
preferred
"v
$3
11-
433Ac
Corp.—....—15c
(Del. >
(quar.)_,
30c
participating
2
12- 9
25c
(special)
Inc,
(accum.)
Co.
1-
11-15
12-
Full
Continental Commercial
preferred
3
11-25
$1
75c
.....
Common
America
of
11-20
12-11
Co.
Becker
<fe
10-16
Ltd.
Co.
1
25c
Boat
11-20
Aircraft,, common,
Motors
11-21
Consumers
12-
6
15c
$1.50
(quar.)
(year-end
Paper Corp.
11-15
______—_
preferred
11-15
11-20
—1—
11-
11-10
12- 1
11-30
Co.
Vultee
1
11-24
(s-a)
1
11-24
11-
50c
(qyal'.)_____„
25c
$1
Corp.
2-28-45
12-15
7%
(irregular)..
Corp.
Gas
(quar.)
Paper
convertible
$1.25
—_—.
:
$1
$10c
25c
Concen¬
....
Natural
12-15
11-30
$1.25
.......
&
Consolidated
11-15
11-
Inc.—
of New York
Consolidated Laundries
11-13
,
11-10
Securities
...
1
7%
:
.
pfd.
12-11
11-24
Standard
Diversified
Quarterly
■
——_
.....—
Consolidated Edison-Co,
11-10
12-
8c
preferred
Hill
/' 1-1
$$1.50
$4c
—
(quar.)..;
Extra
$2.50 non-cum.
12-21
Ltd..
Canada
Co.
Biscuit
Consolidated
12-21
$1.75
50c
______
$2 pfd. A
common
12-31
25c
(quar.)....
(quar.).."
Co.,
15c
37V2c
(resumed)
Mills
L.)
.
$$1
62'Ac
$$1.50
Co
Co.
$3.50
'
1
—*
'
of
11-
11-20
11-10
Fishman
(annual).—$75c
11-20
4
1
12-20
12- 1
11-15
11-25
11-27
11-30
12-25
(Toronto)—
8
12-
12-
12-1
Extra
1
11-21
12-20
6-30
$1.75
Class
(s-a)
$2.50 pfd.
3-31
25c
■
10-20
Ltd.-—
& Pwr.,
1
11-15
11-25
12'/2C
quarterly)______
Co
Special
11-20
11-20
(quar.)_
preferred
$2.40
1-2
5-
8-1
$1.50
5
12-
Coniarum Mines. Ltd.
Connecticut Lt.
1-31
2-1
(quar.)____.____„„„_______
Ekhardt
2
683Ac
Corp.
$50c
$15c
15c
(initial
10-31
.
quarterly).
(resumed)
Company
1
(quar.)._._„_
(special)
Electric
11-10
11-15
12y2c
$1.06'A
31'Ac
62'/2C
25c
75c
—
11-30
11-20
$5
Fansteel Metallurgical Corp.,
———
Quarterly
10-31
12-
preferred
Eddy
1
12- 1
(s-a) —$$3
12-15
$87'/2c
$20c
: $20c
preferred
1
12-
50c
$5 pfd.
Life Assurance
11-15
11-15
(year-end)
Sugar Loaf Coal
Eaton
Manufacturing
11-10
11-
12-8
12- 1
12-12
12-12
$25c
—
(quar.)
(increased
Manufacturing
Firemen's
International
preferred
Confederation
8
12- 1
11-25
—
___*
Investments—■
Fairbanks
12-1
11-
Drug Co.
11-10
12-1
10c
(quar.)
Telephone,
11-30
(accum,
Ltd.
Stores
East
8-15
Corp.—
preferred
conv.
25c
$20c
Ex-Cell-O
87y2c
v
com._
preferred series A
Columbia
12-
6
12-30
East St. Louis Interurban Water¬
11-15
11-10
preference (quar.)
—_—___—_
$1.25
Cumul. preferred 5% series (quar.)—.$1.25
6
2,-15
12- 1
5%
10-25
11-
& Iron
11-
$$1.25
$30c
■
.
stock (quar.).——1—
guaranteed (quar.)—
....
Regular'
10-31
12-
12-15
6
11-15
preferred (quar.)
preferred (quar.i
City of New Castle Water Co.—
6%
preferred (quar.)
————
$1.50
City Water Co. of Chattanooga—
5%
preferred (quar.)
——■
$1.25
Clayton & Lambert Mfg
20c
Clearing Machine Corp. (quar.)—
25c
Cleveland Graphite Bronze Co., common____
50c
5%
preferred (quar.)_
-———_
" $1.25
11-
12-
12-18
12- 1
3-1-45
(quar.)
preferred
5%
11-15
9
Ry. Co,"—
5 %
11-14
3
—
—_ —
$iy»
(quar.)—$1.25
5preferred
11-15
11-
$4
11-15
6
11-15
1-30-45
11-17
(monthly)
Eagle Picher Lead, common
6'A preferred ________
6
5c
Common
1
7
5c
———
—_____
__—
Cincinnati
69-
11-7
Products—
Common
11-15
12-
—,
—
—
Chile
12-20
-
Common
...
Quarterly
11-15
7
1
Extra
Bush
Quarterly
11-30
7
3-
11-
Extra
Butler
—'
12-
11-15
(quar.).
preferred
(quar.)
preferred (quar.)
Buckeye Pipe Line Co
Budd (Edward G.) Manufacturing—
Burroughs
(quar.)_____—'
Quarterly
11-
7%
11-20
68%c
preferred
$2.75
7%
5%
Oil
50c
(quar.)..
3Vs%-
Burlington
Cotton
Chickasha
11-15
11-
12-15
12- 1
25c 1-15-45
25c 4-14-45
25c 7-14-45
25cl0-15-45
50c
11-21,
20c
11-15
—
Consolidated
Co.
.
trating
11-21
Yellow Cab—
Chicago
11-15
Brown Fence & Wire,
Bunker
,
Dow
11-15
ed
30c
25c
Quarterly
1
11-25
Edison
&
12-
1
50c
Motor
prior
12^15
12- 1
12-11
11-30
11-21
11-15
11-20
Consolidated Bakeries
Extra
$5
12-1
12-12
12-12
12-23
12-15
Co.
11-14
2-9-45
37'Ac
(quar.).*..-
Malting
Drackett
11-15
1
3-1-45
25c
(quar,)__^.
Aircraft
Dwight
4
11-15
Bristol-Myers Co.
Buell Die
12-
12-30
Chicago & Northwestern Ry., com. (initial)
5%
.
preferred vtc.- (year-end).
Chicago South Shore & South Bend RR.—-
11-10
1
12-
75c
$30c
Oil Fields
preferred
11-
11-25
Airways,
(E.
12-30
$5
10-27
12-14
5%
11-20
11-15
Brazilian Traction Light & Power (interim)
Brewing Corp. of America (year-end)
Bright (T. G.) Co., Ltd., 6% pfd. (quar.)...
Silk
$5
11-10
11-10
12- 1
1- 2
12-23
12-23
Corp.,
Bruce
12-11
1-1-45
12- 1
11-15
12- 4
1
12-
45c
(q'uar.).
(quar.)
Dominion-Scottish
Douglas
,
$1.50
$20c
10c
10c
preferred
Bruck
11-14
10-23
11-10
11-15
(s-a).__
''Quarterly
Dominion
11-10
1
(quar.)
preferred
12-20
—_
—*
10-31
& Rubber
7A
11-21
11-25
12-
Corp.
Dominguez
12-30
11-6
11-15
12-
.—
Dominion
preferred
$1.50
Products,
11-15
1
$1.25
(quar.)____
preferred
Mines
$1.50
25c
Store
16c
,
Extra
(s-a)
37yac
Champion Paper & Fibre, common (quar.) — •
25c
6%
preferred (quar.)„_
—$1.50
Chapman Valve Mfg. Co., 7% preferred——
$3.50
Chesapeak Corp. of Virginia
20c
Chestnut Hill RR. Co. (quar.)_
75c
Chain
7y2c_..
75c
(quar.)_____
Mfg.
Dome
Co.—
of
11-15
1
Quarterly
Co.
2-15-45
Burial
Brookside
Sugar
1
12-
25c
partic.
Dodge
10-31
tax
12-
12-
25c
preferred
6%
11-15
25c
(quar.)
Dexter Company (resumed
Diamond Match Co., common
11-15
Bearing (year end-)
■
$1
Casket (quar.).25c
Roller
Brooklyn
11-15
$1,25
—,
Brockway
11-15
50c
$2.25
Brass.
5A
12- 1
25c
B
Extra
10-16
Cuban
25c
Extra
Class
Chain
Belt
:
....
Devoe
1
60c
56'Ac
/Bourjois Inc.,
Braniff
12-
55c
Special
7'r1
6
(quar.)—
Boston Woven Kose
Brandon
8-
(quar.)———
*
Connecticut Power Co. (quar.).—T—.—..—
Connecticut River Power, 6% pfd. (quar.)_L
Fund Inc.
Boyertown
50c 8-15-45
12-31
12-21
12- 1
12- 1.
12- 1
Aluminum &
Bower
preferred (quai.)
& Raynolds, class A (quar.)
12- X
11-30
11-20
....
Boston
5%
25c
12- 1
11-22
20c
$1
$1.25
5
12-13
Products
Confederation Amusements
$1.50
5-
Dominion Bridge Co. Ltd. (quar.)
Dominion Envelope & Cartons
(Western)
11-13
...
5-15-45
50c
Dominion & Anglo Investment Corp.—
5% preferred (quar.
11-10
...
50c
11-17
11-13
(quar.)
(quar.)_.__j._._
12- 1
11-30
12-1
12-11
(Sidney), Inc., common (initial)
Boeing Airplane Co. (year end),—
Bohack (H. C.) Co., 7% 1st pfd. (accum.).
7%
1st preferred (accum.)
7%
1st preferred
(accum.)
5
preferred
1
11-15
12-26
60c
2-
5A
11-
12-11
—
(year-end)
6
50c 2-15-45
10-16
Less
9-30
11-
(quar.)
1
15c
—...L_„
common
Blumenthal
Bohn
12-15
12-23
preferred
1
_L.10c
.
Tobacco,
Violeta
11-11
25c
.
pfd. (quar.)
12-
$50c
50c
$1.25
12-1
10-31
11-15
3
5%
5%
10-
;
12-15
11-15
11-
11-13
11-15
(quar.)___.
City)
(Kansas
Central
6% pfd. (quar.)...
Bridge Co.__
12-15
(year-end)——
Surety & Insurance Corp,
Central
1
Mfg.,
Stove Co.,
11-15
(quar.)
11-15
12-15
11-15
1
11-15
Steel
Ohio
<fe
$25c
(quar.)$1.50
preferred
$6
Gasket
$25c
(quar.)
$1.25
Concord Gas, 7% preferred (accum.)—75c
Conde Nast Publications
(special)———
'
50c
—
Brothers
6%
60c
(quar.)
Year-end
Bloch
11-10
Detroit
11-10
ordinary____.__.
Co.,
Ry.
(quar.)—
Foundry Co., 5% preferred
Central Ohio Light & Power Co.—■
12- 1
12-23
$1.25
$19.50
30c
Corp., 1st preferred-.-...
$4 preferred........
& Refining,
12-21
Caterpillar Tractor Co.
Central
11-11
12-
Pacific
Tramway
Oil
$2c
(quar.)___...
Ltd.
Co.'s,
11-24
11-20
12- 1
25c
;
11-
.
6
11-10
25c
35c
1
(s-a)
1
12-20
3
.
,
12- 1
1—:—.—:—
Canadian
11-1011-10
11-15
11-15
$1.75
(Irreg.)
Works,
preferred
12-22
11-15
11-15
12- 1
12-15
12- 1
12-1
12- 1
12- 1
12-1
75c
$1.75
40c
$1.50
(quar.)
Birmingham Water
$3
.
common..
Manufacturing Co.
Oil
Extra
11-30
12-22
12'Ac
:
(quar.)
Corp.,
preferred
**Binks
Canadian
9
11-17
10-17
11-14
12- 1
12- 1
11-15
12- 1
1- 2
12- 1
12-15
11-15
50c
$1.25
_
(quar.)
Steel
12-
(quar.)
Detroit-Michigan
1
Mines
12-
12-
(quar.)___
(quar.)
Detroit International
1
,,
1-2-45
Supply Co. of New York—
12-20
12-
$20c
Ltd.—
8
8
11-15
11-
$1.75
(quar.)_
:—+$1
—
Malartie Gold
pfd.
11-
Trust
(accum.)._.—
Canadian
5%
(quar.)
Company
11-30
7'A
preferred
12-20
1
$20c
11-
12-
11-24
1-2
12- 1
75c
(quar.)
Co.__._.„.._r,__n_..
Corp,
7%
11-15
11-1
(interim)
A.)
preferred
Derby
12- 1
Investm't
Internat'l
1%
Denver
10-16
,
(L.
&
Common
11-15
11-30
'
(interim)
B
preferred
11-15
11-15
%02%c
$50c
t$l
Ltd.—
Corp.,
;
of Rec,
11-13
75c
$1.75
pfd.
prior
$4
Inc.,
Sons,
Dentist's
1-2-45
1- 1
Investment
Co.,
11-12
11-15
.
^
...
preferred
$5
t$l
$$1.75
20c
(quar.)__—
common
Belding Heminway Co. (quar.)..—
Berkshire Fine Spinning Assoc.—
Common
40c
$25c
$1
Co.
Belding-Corticelll Ltd.,
l'/o
5'/o
Publishing
Cushman's
Co.,
12- 1
Ltd. (quar.)
Products,
Curtis
$3
40c
Chemical
$25c
Industrial Alcohol, Cl; A
Canadian
3
12-15
12-15
12-1
12-1
12- 1
12- 1
—
Extra
Class
11-15
11-
Foreign
Canadian
11-15
11-17
12-15
1- 2
...
Beech-Nut
6
Insurance Co.
Shippers
Bastian-Blessing
12-
Food
$1.12'/2
(quar.)
Curtis
Deere
(quar.)
Extra
(extra—.
preferred
prior preference (s-a)
Manufacturing Co. (Mo.)
Darling
12-1
1-1-45
Ltd.
$2
10c
A
Davidson
$$1.25
$85c
Co.
Canadian
12-
.
Class
11-15
(quar.)__.
pfd. (quar.)
pfd.
conv.
Canadian
6
$15c
6%
11-15
1-15
12-1
RR,
Clinton
4'/2 %
$$1.50
12- 1
12- 2
12-18
11-25
12-15
Cunningham Drug Stores—
10-31
Canadian Fairbanks-Morse
6
•
Holders
Payable
$1.25
(quar,)_
preferred
8%
10-31
1-25
,
quar.);—
10-31
12-15
.
.
Canadian Breweries, $3.40
10-24
$50c
10-31
12-15
12-15
12-15
"
—
Bakeries 5%
$50c
$50c.
$50c
.
(quar.)__
common
(quar.)____
Vinegars, Ltd. (increased
12-
$15c
$$1.75
$15c
(quar.)__
....
—.
7
25c
.
Canadian
11-15
12-
bearer
(quar.)
Power,
12- 1
_____
■
Extra
4
12-
$20c
preferred
Central
12-1
12- 1
11-15
12- 1
of
New York
(quar.)
1.
—$1
Banque Canadienne Nationale (Montreal)— Initial quarterly
—........
$15c
Barcalo Manufacturing (s-a)^
15c
Barlow & Seelig Mfg. Co., common——
10c
$1.20 class A (quar.).
30c
Barnsdall Oil Co.
(quar.)—.—......—
15c
Extra
20c
Bankers
11-30
12-15
1- 2
12- 1
1- 2
12- 1
12- 1
12- 1
12- 1
10c
5c
15c
$15c
$25c
—,
Show
11-21
$1.75
.
prior preferred (quar.)
(resumed)
Common
Baltimore
Bank
Corp.
(initial quar.)..
(quar.)——
(monthly).
Inc.. 7%
B/G Foods,
——....
(interim)...—
Ltd,
preferred
new
—...
7%
10-31
,
■
Northern
Canada
11-24
11-
Inc,....
Ltd.,
Co.,
11-15
11-15
11-15
11-15
12-1
37Vac
-
Ale
12-15
Coal
Pass
Press,
(quar.)__
Co., Ltd. (s-ai......
preferred
Forster,
Port
Cuneo
1
12-
37»/2c
$20c
6%
Extra
_
75c
$1
40c
$5c
25c
10c
7c
—_
—
Automatic Products
6%
25c
——.——
Atlas
Aunor
—
Malting
Canada
11-15
12-15
11-15
12-22
12-22
12-22
12- 1
12-1
Ginger
1
37Mac
62Vac
,
...
....
Registered
4
12- 1
American Re-Insurance
11-15*
1
25c
(quar.)__
...
4-'———-
Extra
11-18
12-28
(quar.)—-—
——
$1.75
Co. (N. Y.)—50c
preferred
7%
.
12-
12-
pfd. (quar.)
5%
common
Water Service,
,
Canada
11-15
11-18
Common
Utilities,
Packing Corp.,
Canada Dry
12- 1
12-1
11*15
American Radiator
10-17
12-15
10c
preferred (quar.)...
Extra
11-15
11-
11-21
$1.50
6%
12- 1
common—.
2%%
—...
(irregular):
Power
pfd, A (quar.)
preferred B (quar.)_„_.
Canada & Dominion Sugar Co. Ltd. (quar.)
11-10
25c
6%. preferred (quar.)*_—$l.o0
American News Co. (bi-monthly)—.—_
-a
30c
Ltd.,
Co.,
Mills
Nest
&
Culver
Share
of Company
Corp.—
convertible
Crum
Ltd.—
(s-a).._
Cotton
California-Pacific
11-25
20c
Metal
preference
5V2 '/«
5
11-15
—...—
(Holding)
California
11-14*
American
...
Wireless
&
California
5
11-
11-14
Extra
6
10-26
12-
12-1
11-15
Byers
California
Power—
preferred
$6
4
12-
Zellerbach
(A. M.) Co..
25c
Byron Jackson Co. ,(quar.)—25c
10-26*
75c
50c
.
(quar.)___*
Foreign
11-
9c
*
—,—...
Cable," common
Envelope,
American Export
11-17
12- 1
12-1
6c
(quar.)
&
11-
10%
held—
,—_______
Co.
Can
American Chain
11-17
Name
0} Rec.
Payable
When
Per
Holders
'-When
Share
Name of Company
_
stock
com.
Shares
Extra
American
of Reo,
25c
common
Per
Holders
Payable
(year-end)
Co.
shares
10
American Business
When
Share
of Company
12-31
12-15
50c
12-15
12-
$1
12-15
12- .1
50c
v 12- 1
11-9
12-15
1
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
Per
Name of Company
Graxxby
Consolidated
Power
Grand
Co.,. Ltd.
Union
Graton
7%
&
;
Name of Company
12-11
11-15
11-
4
11-15
11-
4
12-15
11-15
12-16
11-13
10c
preferred
Extra
7%
1%
(quar.),,,
Water,
preferred
Halle
Stores
Mines,
Hamilton
Cotton
Hamilton
Watcn
Hammond
Hancock
Co.,
1
11-20
1-2-45
12-23
1
11-16
Lehigh
12-31
12-14
Lehigh
1
11-17
12-1
11-17
12-
12-
1
$5c
12-
1
1111-
12-
12-
1
$1.50
(quar.)
75c
A
50c
12-
(quar,),,
11-
(James)
7%
Co.,
preferred
Hanna
(M.
A.)
Co., $4Vi
pfd.
preferred
Hawaiian
1
1
12-
1
Co.
25c
12-
1
Pinapple
Co.,
Industries,
$1.50
Mining
Helena
Ltd
Inc.
Co,
—
(quar.)
2
11-
(Edward)
(Charles E.)
11-15
11-15
(monthly^
B
12-
1
1
1
&
Mfg.
Co.,
class
A
(quar,)-
Hooker
Electrochemical, common
$4.25 preferred (quar.)—i——
Hormel (George A.) Co., common
6%
preferred ;(quar.)—
Horn
(A.
7%
C.)
prior
Co., 6%
Louisville
Lumbermans
11-15
preferred
•
5%
Stores,
51*4 %
Hudson
Oil
Car
&
Huntington
Water,
preferred
Idaho
Power,
pfd.
(quar.)
60c
Inglis
Co-.
(year
Institutional
Aviation
International
Educational
Products
11-10
Magnin
(I.)
Mallory
(P.
R.),
11-10
4)4 7*
1-2
12-11
Manati Sugar Co.
12-11
10-31
Manhattan
12-
1
II-16
12-11
II-10
Marconi
12-
1
12-
1
11-10
12-
1
11-10
11-
12-30
II-20
20-25
4
12-
1
1
11-
12-
1
11-
2
11-20
12-
8
12- 1
11-20
1-
1
12-12
12-
Utilities
International
Intertype Corp.
Iowa
(quar.)
50c
1
11- 6
11-30
30c
12-
(quar.)
1
10-31
12-15
10-16
12-
12-
1
11-
6
Fireman
Mfg.
12-
1
1
12-
1
Jamaica Public
preferred
7.',^
preference B
A
574 preference
57*
C
12-
8
preference
Jantzen
D
Knitting
12-
1
$1.95
11-15
12-
1
12-15
12-
1
$1.80
12-15
12-
12-
1
11-10
t3e
12-20
11-17
4)4 74
Co.
Inc.,
preferred
87*
Miller
&
Hart,
Minixeapolis
Manufacturing
Kable
674
Brothers,
■
(Julius)
11-30
11-30
2
11-30
Missouri
Public
12-
1
11-25
Missouri
Utilities
$1.25
25c
12-20
12-
6
12-20
12-
$1.06 V*
2-
$6.50
Kendall Co.,
Mitchell
Mohawk
Keystone Steel
'.Kinney
Wire
&
<G. R.)t
$5
Kinney Manufacturing
•
i
$6
non-cum.
Klein
(D.
Knickerbocker
Co.
Fund
Extra
Extra
Kresge
(quar.)common-
(S. S.)
Co.
Extra
■
Laciede-Christy
Extra
-I
11-10
1-2-45
11-15
11-
12-
1
II-10
25c'
12-1
11-10
1
1
7%
Moody's
11-30
Morse
Twisn
11-25
11-10
Motor
Finance
19-
12-23
12-13
8c
11-20
10-31
IOC
11-20
11-29
1
10-31
11-18
Drill
&
Quarterly
1
1-
2
12-
4
11-15
$7
11-15
11-15
1-2
12-15
Ohio
Power
11-15
11-
Ohio
Seamless
11-15
10-31
11-21
$7
11-21
$7 preferred
$7 preferred
(quar.)
Works.
8 74
Muncie
Muskeeon
11-15
1
V/ater
class
Muskogee
A
6 7*
11-15
11-
11-20
11-10
Naehman
Clay„ Pr-oducts,
-I
I^c
common-—
—
11-4n
11-90
5c
11-30
10-20
fjorrn(rfnisett,.. Pacing
Nashawarx Mills"'
Mutual Chemical
'
Co,
$1.75
11-15
a
12-
8
12-
9
11-23
12-
$1
35C
1
11-15
I-5-45
12-15
11-25
11-10
pfd. (quar.)
A,.
$1.50
12-
$1.75
12-
1
11-20
pfd. (quar.)
Co., 774
87V2C
1-
2
12-15
12-
1
11-15
$$1.50
1
11-20
7V2C
12-30
12-15
37 Vac
II-15
10-28
12 J/2 C
10-28
12-
1
11-22
$$1.75
pfd. (quar.).
11-15
25c
.
approval of SEC)—
121-
4%7*
Co.,
prior
Tube,
(quarJ,,--—-
pfd.
10-2?
11-24
12-15
11-28
12-15
$1.12'/o
12-
11-28
11-
12-15
12-
5
43 %C
(quar,),,,
1
40c
common
preference
1
2
25c
$25c
—
1
Co
Common
10-31
4% 74
11-15
Okoixite
12-20
12-
9
3
1
(increased
preferred
674,
Co.,
quarterly)—,,—
A (quar.) ,1;
preferred (quar.)
10-31
•
—
10-31
11-15
1-2-45
12-15
Ontario &
11-
1
1-2-45
12-15
Ontario
11-
1
1-2-45
12-15
Ontario
1-2-45
12-15
7%
12-
1
11-
12-
1
,
1
11-15
12-15
Steel
11-15
Inc.,
12-
11-18
Ottawa
12-1
11-18
5%
12-
1
11-18
Outboard
12-1
11-18
Owens-Illinois
Glass
Oxford
Paper,
$5
Pacific
Gas
$3.25
11-15
11-
12-
$1
10-30
1
4
25c
11-30
11-
25c
T-_,
..t.,,!;,,
12-
preferred (quar.)
Light
5 74
11-15
Pacific
Pacolet
Pamour
Parkersburg Rig & Reel,
12-1'
11-10
12-
11-10
$2
$$1
$$1.75
1
12-1
S5.50
11-10
1
11-15
12-15'
11-15
Paton
11-10
12-15
12-
Porcupine
preferred
Interim
11-
11-15
10-26
11-30
11-18
30c
12-11
11-17
12-
3
11-15
$1.40
class A
lc
12-
3
a 1-15
$1.40
class
12-11
11-20
50c
(special)
$1.75
i
12-20
11-15
12-
1
1
11-10
3-1-45
2-10
12-
6-1-45
5-12
$1.75
9-1-45
8-11
$1.75
12-1-45
11-10
$2
12-15
(quar.)
12-
.'■»
1
Association iyear-end)
Ltd.,
Pennsylvania
&
(quar.)
Coke
O
—
^
)
t
J..'
7.,
—
Peoples Gas Light & Coke Co
Pepperell Manufacturing
Perkins
Machine
Pettibone
11-15
11-15
icJi$lr;50
12-28
12-21
25c
12-15
12-1
;Pierce
po*.
11-17
11.
3
'Pillsbury. Mills,
50c
11-17
11-
4
,.Phelps
&
Mulliken
Gear,
774
pfd.
(quar.),
.1
Corp.
*
Dodge Corp
Philadelphia Subui-ban
Water
6 74
preferred (quar.)'—
Phillips Petroledm Co. (quar.)
$4
.(quar.)
•
Brewing. Co._
1
f5"
...
—
common
Pennsylvania Electric. 4.407* pfd. B (quar.)
Pennsylvania State Water, $7 pfd. ■(quar.).
Peoples Drug Stores, Inc. (irregular)
1
.
(qi)ar.j!4ViHKW
common
(quar.):
Coal
12-
!
11-30
-
Pennman's
12-
on
(l
50d;
$1.50
11-30
(year-'qpdij)'-.
Pfeiffer
(quar.)_l.^__^.
—,—....
(quar.)..
A
Gdvq^not1' "Co.—
preferred
common,
(initial)
8
11-20
11-20
Peabody Coal Co., 674 preferred (accum,);,,.
Peck, Stow & Wilcox (year-end)—,,—,r.—T
Peninsular Grinding Wheel
Peninsular Telephone,
12-15
11—
—
1
•
25c
common
(quar.)——
.....
11-15
30c.
10-20
11-23
(interim)
Ltd.
'
1C
America—
Mines,
1
75c
,
10-31
10-31
Paymaster Consolidated Mines, Ltd.—.
25c
......
11-15
10-31
(quar.)—,
Lighting Co.. common (quar.)
Manufacturing
(quar.),.,
$1.50
(quar.),
(accum.)
Manufacturing (quar.)
preferred (quar.)—...
7%
10-30
pfd.
6%
11-15
1
9
8
11-1
(quar.),__'_—_—
preferred
8
11-
(quar.)————
11-24
—„
preferred
preferx-ed
preferred
12-
12-
11-
j_——„i—
12-15
.
11-21
(quar,),
com.
(year-end),——
Mfg.
$$1
$2.25
(quar.)_,_
:
&
Electric
&
11-31
——
Pdwei\
50c
1,_
(s-a)—
pfd.
&
11-20
(quar.)—,:—
Marine
5V27*
3
Heat
preferred
11-15
1
$2.25
$3
6 74
11-20
11-20
—7—*—■—
(quar.)—1—
Elevator Co., common (year-end)
12-1
Co.—•
10-36
—.
(quar.)—,
common
—''
—
12-12
$1.50
!
10-16
preferred
25c
2
(quar.),,,
common
(quar.),.
B'Gosh,
Extra
$1.50
Otis
Products,
preferred
Oshkosh
11-22
12-15
«
Quebec Ry. (s-a).__
Silknit, Ltd., 1% preferred (accum.)
$1.25
__1__
(quar.»__
Corporation
.
11-15
4c
—
of
12-
2
25c
end)
(year
(quar.l,
$1.27!4
Implement
preferred
5c
preferred
1
Specialties—
10c
G%
12- 1
$1
•
(quar.)
Co.,
2
1-
25c
(quar.)—
1-
75c
25c
Oil
12-
3714c
(quar.)___
Motor
71 Vb c
$1.50
;
1-15
—
—
—
Service, 67*
(quar.)__.
$1.3714
(quar.),,;
6
12-15
held
fcsEC)
—
Co.—,
Ogilvie Flour Mills, 774
Common
(quar.)
Ohio
300""
$1.75
11-
11-10
&
10-31
$1.75
12-12
1
shs.
the
;
11-15
25o
(quar.)
12-14
2
12- 1
100
B.
11-24
12-
$1.6214
$7 preferred (quar.)„__
1-
Class
11-15
(irregular)
11-18
12-
1- ,2
Gas
Oklahoma Natural Gas Co.—
•;
Mountain Producers Corp. (s-a
Mullins Manufacturing class B
2-1-45
11-16
:
Co.
Ogden Corp.—
Irregular (subject to
1
•
preferred
11-20
Quarterly _F._J
8
I—
preferred
ll-"l
$1.75
—____
(quar.)
Supplv
9
12-16
O'Connor, Moffatt & Co. $1.50 class AA—
12-
$1.50
-----
—
Fuel
12-
Pacific
each
Tire & Rubber
12- 1
15c
$1.3714
r
$2.50
approval of
Water
Corp.
10-31
$1.25
Scotia Light & Power Co., Ltd.—
preferred
(quar.),.—
6%
1-15
11-13
11-17
(quar.)_,_
(quar.)—.
Bancorporation
Nu-Enamel
1
11-15
$1.50
Extra
Mountain
$2
11-15
12-15
of
(quar.)
preferred
Nova
11-15
11-
sh.
Insurance
15c
Machine
Corp.
7 7*
11-15
(year end)
common
11-30
1
11-30
12-
(year
Northwestern Public
3 2-15
.
end)-——.
common
for
common
preferred
75c
$4 prior preferred (quar.)—
——
Northrop Aircraft, common (irregular)—.
12-15
12-1
75c
Ltd.,
11-29
11-
1-2
1- 2
1-15
.
11-25
50c
11-15
$1.25
5C
12-12
11-25
12 Vac
(quar,).—
common-
one
preferred
3714c
Wheel Corp.
:
Mount Diablo Oil Mining & Developm't Co.—■
12-10
12-
Dock—
$1.25
class B
R.y.,
Co.,
dividend:
Northeastern
11-3
1-2-.45
Ltd
Investors Service,
11-
12-15
12-15
11-15
(quax*,),.
Dry
(year-end)
Western
Nox-th. River
35c
(quar.)_l_„
preferred
674
A
&
1
(subject to the
1
$1
(year-end)
11-20
Champagne Inc.—
:
&
preferred
(quar.);
Mills
Eiec,
10-27
12- .1
(quar.)-
(s-a)_,
(s-a),—
Cottons,
10c
——
preferred
Stock
1
11-30
B
preferred C
Common
Montreal
$1.75
(quar.)_
3
4334c
(s-aj
Chemical, $4,50 pfd. A
30c
25c
(quar.)
'
12-19
American
$5
8
$7
(quar.)
preferred
$1.50
common
(quar.)
&
12-
1
pfd.
Corp..^
15c
1
special pfd. (quar.)
—
Wines
American Aviation
North
common,.)
15c
(quar.)—-
—
Irregular
North
12-
25c
prior preferred
5 7i pfd. (quar,)'•
20c
6%
preferred
Heater
12,
$1
$1.50
v—
—
—-
(quar.)
& Co.,
preferred
2nd
La Salle
—
-
61st
Kysor
—
—r„
(S. H.)
12-5
12-15
8c
(year-end)
Kroger Grocery & Baking,
T/c
-—
(quar.)
Extra
Kress
$4
II-15
12-15
$1 50
i.—
-
preferred
$4.50
25c
(nuar,)
—
Koehring Company
Monsanto
11-21
$1.50
(quar.)-.
Creamery Co.,
Norfolk
Motor
-
Knudsen
60c
&
11,-21
Co.—
preferred
Emil)
9
9
87)2 C.
preferred (accum.)
11-15
2-
11-28
3c
Co.,
Co.,
(R.)
12-
$1.50
—
,
prior
11-16
1
57*
Shipbuilding
.J.,.
$1.75
Carpet Mills Inc..
12-
30c
pfd. class A (quar,):.
:K^ntucky Utilities Co., 7 74 junior pfd. (quar.)
1
12-
J55'/2c
(quar.),.,
Service
574-preferred
6
1-18
15C
$6 partic.
12-
50c
Norwalk
px-eferred (accum.)
Corporation
Mission
1
$1.50
(quar.)
Co.
$1.25
J.),
News
Common;,"
6
$1.50
6%
preferred (quar.)
Minneapoiis-Moline Power
20c
preferred—
6
Northwest
(quar.)
2
& Co,—.,—;
11-
25c
(quar.).,,
preferred
2
Kalamazoo Vegetable Parchment
.Kayser
11-25
industry Series—
62)4c
5)4'to
1-
——
14c
75c
Light Co.,
1-
(quar. I,
Tobaccq
5%7*
(quar.),.,,
(quar.),,
20C
Joy
6
10-31
11-
Co
Inc.,
Gas
1-
(quar.)
11-
25e
—__
6
11-25
25c
(quar.)-——
6
17c
12-
1
11-
Steel
11-15
•■•'.'
11-
11-, ft
11-25
12-15
$1.50
,.
11-25
11-25
5c
11-
Nonquit
50c
6
6
11-
11-25
1
6
11-25
12-
8714c
11-
11-25
Nineteen Hundred Corp.,
12-
.
:
$1.25
(quar.)
preferred
xll4'A
common
Series
U
Equipment Industry Series—,
Industry Series,,.
...
*L,_
11-25
6c
6
11-25
12c
;*
12- 9
12-4
11-
14c
4
1-2,-45
214 %
11-
11-25
Railroad
11-
Newberry .(J.
9
6
11-25
13c
Newport
40c
6
11-
12c
....
Series,,.
40c
(quar.)___
11-
11-25
9c
Utility Industry Series——
10-31
9
6
11-25
6c
Series
Industry
Public
11-10
.
pfd.
$5.10
X1 Va '/'•
(quar.)
Metals
Oil
7
25c
(quar.)——_
Co., common
preferred
(s-a)
xl3A',4
40c
Jewel Tea
Abrasive
11-30
(quar.)——
11-10
11-15
12-15
6
11-
14c
Machinery Industry Series-*.—
Merchandising Series
11-15
'
Oil
2
pfd.
Series—
6
11-
15c
11-30
(quar.)
(quar.)
I-
5%
Stock
11-
11-25
lie
Series-.
11-25
11-25
"■
Insurance. Co.—-
Mid-Continental Petroleum
Mid-West
1
30c
preferred
x$1.75
(quar.),
12-15
4c
Industry Series
Insurance
8
6C
Industry Series.^.
Electrical Equipment Industry
Food
6
12c
Chemical
25C
(quar.),,,,,,.,.
junior preferred
Midwest
..
:
$6
Ltd,
Mills,
1-2-45
Series
25c
(quar.),
11-30
—
$3
;
(quar.)
pfd. series of 1940
7%
11-29
12-15
preferred
67*
f
1-2
(quar.)
11-15
,
-
Co.
Frank,. Inc.
17C
(quaxM
12-12
14c
(s-a)—,
(s-a)_—
10-26
(quar.)~
11-17
Stock
Railroad
'!'•
A
Telephone
11-15
com.
11-20
1
Communications
Mines
class
25c
(quar.)———,
1
10-10
1
preferred class B
:
Service
7 %
12-
12-
Series.,.,
Industry Series,,—:
Industry Series.—
Industry Series—
Dist.
Building Supply Industry Series,—
Busixxess Equipment Industry Series—
,
10-16
—-—
preferred
G%
11-16
25c
(quar.)—_
'
Ltd. (interim)———
Co
Gas
11-20
12-20
Merritt-Chapman & Scott Corp.—
614% preferred (accum.)
Metz Brewing Co., 20c conv. preferred
(accum.)
Michigan Public Service commoxx (quar.).
.
Jacksonville
11-11
1
$$1.11
Meier &
11-3 6
$2.10
pfd. (accum.)
Island Mountain Mines
1
12-
50c
preferred
5%
11-15
12-
$1
——
6Va % preferred (accum.),,—,—-—..
674 preferred (accum.)—:-,,
Iron
50c
—
Southern Utilities Co.. 7',4
6
50c
Mercantile Stores Co. Inc., 7%
75C
(Initial)-
Corp.
11-
12-
&
Meadville
11-10
1
$1.75
—
$6
11-15
12-
Co.—
(quar.)
a
8
II-25
50c
514%
1
1
7c
Bank
4
11-15
Robbins, $4 preferred (quar.),
(quar.)_4—
Corporation, common.,,..,,,,—
Mead
12-15
1/0
6
11-15
(quar.),,,^
Common
$1.27
11-
2614c
1
McKesson
11-10
11-10
Gas—•
&
(quar.),,:
I-1-25
1-2-45
Extra
9-22
11-20
12-
$1.50
Electric
27c
$1.75
common
Glass
Porcupine
11-10
11-
$1.62)4
(year-end)
McClatchy Newspaper, 7%
11-20
11-
(s-a)_,
Extra
10-31*
11-10
$1.50
».
11-
(quar.),
May McEwen Kaiser Co.,
12-30
I
11-25
S2
Matthiessen & Hegeler Zinc Co.—
7%
preferred
(accum.)
11-14
$25c
•
pfd.
(Phila.)
preferx-ed
Extra
2
11-24
12-
11-25
11-
Semi-annual
10-26
12-
12-14
$1.25
11-25
1
end)
(year
Marine
Plate
1
11-20
11-15
12-
6C
I
—
Massachusetts
11-
9
12- 1
$1
lie
&
12-
Corp. common (quar.),,,,
May Department Stores (quar.)
12-20
50c
(year-end)
shares
Aviation
Masonite
12-21
12-30
11-15
$1.75
11-15
50c
17c
1
(initial)
Co.
$2
8
Automobile
11-
(quar.)_,
Ixiternat'l
11-30
Alcohol
11-
deposit receipts (ordixxary), (interim)
Maryland Fund
Massachusetts Bonding & Ins. (quar.),,
11-16
30c
—
7%
Shirt
Extra
11-30
12-15
12-12
11-15
Amer.
preferred
12-15
New
12-23
(s-a)
common
11-
1
12-22
11-15
——
& Co., 67*
11-20
11-13
11-20
12-1
York Stocks, Inc.—
Agricultural
Industry
1
50c
(quar.)
1
$1.50
Corp.
preferred
11-27
12-
11-20
14c
1
$1
International
International Silver
7
12-15
11-30
$1.50
(quar.)
common
9
$1
Publishing
7
11-
1
1
(quar.)—..
(quar.),,
(quar.)
State
2
,
.
12-
3%
————-—
$3.50 preferred (accum.
International Harvester Co.
Consolidated
12-
$1.50
A*.
$5
Assn.—
end)—
•
11-
12-
I
Queens Eiec. Light & Power Co,
preferred
10c
Square : Garden,,,,^,,,,,,,,,
(R. H.) & Co., common
11-24
Securities, Ltd.—
shares
M
Mclntyre
(initial)
Ltd.
12-1
York
5.10%
2
(year-end)
Co.
Participating shares
New
7
1-
(s-a),,,.;
Macy
Magazine Repeating Razor,
25c
—
Steel
11-
$2
(quar.)
Telephone
11-15
$1.37'/2-
——
(John)
Inland
M
Abington
1
$1.50
.
Co
&
12-
62 Va c
preferred (accum.)
Properties (Cleveland, Ohioi
Ingersoll-Rand
&
J
Extra
Ltd.—-
1st
conv,
9
1
112-
12-
$1
Madison
Industrial Brownhoist Corp,—
Industrial
11-25
$25c
;
Macmillan Co.,
25c
■
———————.
*
11-25
12-
12-
11-18
Shipbuilding Corp.-—
Founders
Action deferred Oct. 24, 1944.
12-
40C
Loan
12- 9
50c
$1.10
f25c
:
Corporation
10-28
$l0c
Public Welfare
11-15
t6c
(quar.)
preferred
11-15
68%C
(quar.),
Imperial Chemical Industries, Ltd.—
Ordinary shares (interim)—.
Indianapolis
Quarterly
10-28
$1.75
_____________
Co,
11-30
'
__
York
1
12-15
25C
preferred
Co.
Brake
preferred
New
12-
$1
Co.
1
$1.50
—
———————
Zinc
I-15
12-
25c
"
(quar,
Imperial Tobacco Co. of Canada
2-1-45
;—50c
11-15
$1.50
pfd. (quar.)
conv.
$5
York
10c
614%
Co.,
10c
(quar.)—
preferred
1
tl2VaC
RR.
*lc
—
Illinois
11-15
31 Vac
&
12-
2
25c
Common
(monthly),,,,,,,
12-
12-15
New
11-14
9
1-
$1.75
11-14
11-15
9
11-
50c
(quar.).
8%
Zinc
Air
$1.25
Insurance
Lukens Steel. Co.
Lynch
Jersey
New York
25c
$1.3114
(quar.)—————————
common
■
M
.
(interim)
1st preferred
2114c
Municipal Water Co., 6% pfd. (quar.)
Power Co., 5 A
preferred
preferred (accum.),
Quarterly
8
8%C
New
11-30
$1.12Va
and
90c
(quar.)
Illinois
5 %
12-
$1.25
—
6%
preferred
6%
Huttig Sash & Door. 7%
Illinois
12-30
45c
Neptune Meter,
4
12-15
50c
Lynchburg
20c
————
(quar,)——
(quar.)—
Corp.,
Peanut
(Tom)
3
...
Co.
Hussman-Ligonier Co,, 5 V2 %
Huston
11-
50c
(quar.)——————
Fibre
11-29
$1.50
.
Refining Co.—
Hummell-Ross
11-15
$1.06'4
————T——
Power
common
Motor
Humble
11-15
1
40c
preferred (quar.)—————
Gold Mines, Ltd. (interim)
Howey
7%'
&
—
—
(quar.)
Lighting
1
12-
-
4
11-
11-
11-20
25c
:
11-
1
12-11
25C
Corp.
Inc.
12-
1-2-45"
1
$26
(resumed),,:
—
25c
Common
(N. Y.)—
(year-end)
preferred
Houston
Howard
12-
:
(quar,),—
Horn & Hardart Baking Co.
Common
11-15
11-15
Bros.
Extra
11-30
(Mo.)
6%
Lunkenheimer
1
(quar.)—,
Neisner
'
12-
$1.75
(year-end)
11-20
50c
■
A
Nashville
&
1
(quar.)—_
partic. pfd,
11-10
'
37j/2C
—
11-10
1
15c
—
12-
(quar.)-—
1
Co.
Natonxas Co.
10c
Extra
12-
——
1212-
$1.6214
Louisiana Ice & Electx-ic Co.
75c
Hobart
National Tea
National Terminals
1
11-15
8
1.12 Va '
Service,
11-
12-15
12-
37 V2C
Refining, $6 prior preferred,
11-10
11-10
75c
(quar.)
Taylor,
30c
(quar.)—
1
Participating
25c
Co.
12-
12-1
,12-1
10-31
12-30
30c
_
20c
common
Lumber
preferred
Lord
I-16
12-
57*
12-12
1-26-45
National
Long-Bell Lumber Co., $4 pfd. CI. A (accum.)
Longhorn Portland Cement-—
11-14
50c
common———
11-24
12-22
National Linen
9
50c
(monthly)
preferred (quar.)__,
8 7*
11-17
15c
—
9
11-15
12-10
$1.07
quar.)
National
4
11-14
20C
11-
Common
11-17
12-
Pipe,
(initial
11-17
15c
iquar.i
11-
(quar.)
special stock
stock
class
on
Joint
preferred
common
1
(quar.)__,
Extra
75c
;
1
Groceterias, class A (quar.)
Class
4V4%
Gas,
8
1
11-29
$1.75
(irregular)..
Corp,' (initial quarterlyi.
12-
B_
(quar.),,
Little Miami RR.,
10-25
20c
class
Long Lac Gold Mines Ltd.
Lock
Cylinder
11-
12-
(quar.)____;
original
National
11-22
25c
75c
11-10
12-
$1.1214
$1.75
1
50c
12-14
—________
Loblaw
10-25
$1
—
Lumber,
Little
3
11-15
75C
$1
& Co..
Corp.
Extra
and
common
Casket, common
preferred (quar.)
$7
1
National Container
$1.10
8
12-
25c
10-16
.
11-
$1.75
11-15
Chemical,,
&
Co.,
preferred
11-
1
(quar.)—.
common
7 7*
1-2-45
(quar.),
common
(quar.
Liquid Carbonic Corp. common (quar.)
414 '/o preferred (quar.)„_,_„—
11-15
15c
Hires
Lionel
6
15c
Hines
6)4/*
6
$1.50
G.), Inc.,
common
Light
Link-Belt
12-15*
12-15
National
1
8
12-
preferred (quar.).
Metals,
Co.,
$1
(quar.)
preferred
on
Long-Bell
__
Hibbard Spencer Bartlett
1-
(R.
conv.
Lindsay
1
Co., 6% preferred (quar.),
Hershey Chocolate Corp., common (quar.),,
$4 convertible preferred
(quar.)——
Heyden Chemical Corp., common
preferred
11-20
Mines
Tourneau
Extra
11-10
25c
Hercules Powder
4%
11-
11-18
11-30
11-
$2.50
Inc.—
12c
Navigation (year end)
Portland Cement, 4% pfd. (quar.),,
Gold
Fibres,
Dairy Products (quar.)
National Grocers,
Ltd., $1.50 pref. (quar.)
National Gypsum Co., $4.50 preferred (quar,)
National Lead Co., 7 7* preferred cl. A (quar.)
Coal &
Water, 71® preferred (quar.),_J,_
Life Savers Corp. (year end)
Liggett & Myers Tobacco/common (quar.),,
Class B (quar.),
11-15*
11-24
J50c
"Rubinstein."
See
11-25
National Bearing
National Biscuit
11-
(quar.)
Lexington
10-20
$1.25
u-,,',:.—,
(quar.)
Rubinstein.
I-
11-14
11-15
$1
;
common
preferred
$3.30
Hayes Steel Products Ltd. (interim)—.
Hazel-Atlas Glass Co.
(quar.)
Hecla
I-20
25c
i.,,
11-15
50c
:
1
11-15
11-30
Co.—
—
(year-end)
12-
30c
50c
Co.,
$4.50
11-10
50c
(quar.)
(accum,)_,_
5
Automotive
6%
25c
12-12
11-15
(quax\)_„
12-
12-15
of Rec.
11-15
15c
■
convertible preferred (quar.),,
National Acme Co.
(quar.),
12-27
11-11
$1.06 V*
National
4
62'/2c
11-11
12-
11-15
11-
12-12
Le
11-15
12-
(quar.).—
Refractories
preferred
Hayes
1
25c
87y2c
Havana Electric & Utilities
6%
12-
___
12-11
>
Holder*
$1
11-15
$1.75,
.
When
Payable
Year-end
20c
12-27
11-15
(quar.)
Harbison-Walker
6%
(quar.)—
common
1
3
10c
&
Leitch
11-15
12-
10c
Hanley
1
50c
U-
Nashua Gummed & Coated Paper Co. (irreg.)
Nashville Chattanooga & St. Louis Ry.—
25c
(quar,)
Monotype Machine
$2.50
11-15
1
12-
—-
———
12-1
J$1.75
Leath
1
10c
(quar.L-—
piass B
3
12-20
11-10
11-15
preferred
11-
12-30
11-10
1
1
12-
«
m'/ac
11-15
12-
Secord Candy Shops (quar.)
120c
Lawyers Title Insurance (Richmond. VaJ—
67* participating preferred (s-a$3
8
11-15
Per
Share
Name of Company
of Reo.
12-15
Laura
11-15
(quaivt,
preferred
class
12-
75c
^._
,,,,_■
,.
Calif,
of
12-
25c
Ltd.
Co., 6 %
Co.
11-20
$1.50
_„_u
end),,,*
(year
Instrument, 6%
Oil
—„
„
„„
(quar.
Co.
1
50c
(quar.),-,
Ltd.
Brothers
12-
43 %C
Corp., common
6% preferred (quar.),
Hallnor
■
■,„,
2-14
75c
(quar,)
Hajoca
Brothers
(s-a)„i
common
A
11-14
1
$1.75
—,
,
1
3-
50c
■
Hackensack
Hale
Lanston
12-
Holders
J20c
(quar.),,
preferred
Payable
t3Uc
Bryant Inc. (quar.),
Lansing Company (quar.)
34%c
(quar.),,,,,
Co., common (quar.),j.i—
Ltd. (quar.)
Milling, common
Lane
34% c
(quar.)
&
preferred
7%
preferred
50c
Griggs Cooper
the
When
Share
Lakey Foundry & Machine Co. (resumed),,,
Landis Machine, common
(quar."
10-31*
$1
7'A
Griesedieck Western Brewery Co.—
preferred
Woods
11-20
2oC
Indemnity (N. Y.)
Dreage & Dock (quar.)
Ry.. preferred (quar.)
5Va%
Mines,
of
11-20
90c
Northern
5'/?.%
Shore
Lake
31-15
$1.75
ts-a)
American
Great Lakes
Great
1
12-
25c
._
prior pfd.
(quar.),,,
Per
of Rec.
&
tl5c
$1.80
preferred
Payable
Lake
-
(year-end),
Knight,
prior
Great
Co.
Smelting
Mining,
(s-a)
Holders
When
Share
2113
Co.,
.
common.
—,
—
—,——
———
Monday, November 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2114
/
Holders
Per
1
Per
'
*
Payable
Share
Name of Company
t.v
Plnchin, Johnson & Co., Ltd.—
Amer. deposit rets for ord. regis (interim)
Securities Corp. (irregular)..—____
$1
(quar.)
Extra
10c
—-
....
dividend
Stock
$1.50
25c
10%
$2
—
12-11
(year-end)
Co.
Poor
$1.37%
37%c
(accum.).:__
Co., $1.50 class A pfd. (quar.) —
preferred
prior
&
B
Class
Potash
of America——_
Co.
•
'
dividend
Stock
_—
Potomac Electric Power
preferred (quar.)
—
—
$1.37%
6%
preferred (quar.)—
$1.50
Procter & Gamble Co. (quar.)__,
50c
Power Corp. of Canada, Ltd.—
6% 1st preferred (quar.)—'—,1.
_
$$1.50
6% part, preferred (quar.).!—$75c
Pressed Steel Car Co., Inc., common
__
25c
6V4C
62%c
$50c
preferred (monthly)—
_
'
preferred (monthly).
—-_
_
preferred (monthly)
—,—__
Service Co. of Indiana, Inc.—
5%
6%
7%
Public
,
,
1- 2
12- 1
41%c
50c
58 %c
preferred (quar.:
Provincial Bank of Canada (initial quar.)..
Public Service Co. of Colorado'—
2nd
5%
$1.25
50c
50c
$1.75
$2
—$1.25
Year-end
1—
...
Quaker State Oil Refining, common..
Rapid Electrotype (quar.)
—,
Rayonier, Inc., $2 preferred (quar.)
Raytheon Mfg., 6% non-cum. pfd. (quar.).
Reading Co., 4% 1st preferred (quar.)
Regent Knitting Mills, $1.60
Inc., common—.........
(quar.)
...
Republic Insurance Co. of Texas (quar.)..
Republic Petroleum Co., com. (resumed).___
5%% preferred A (quar.—
...
Reymer & Bros, Inc. (Extra).
...
Reymer & Brothers, common (irregular)-..
Reynolds Spring Co
......
.....
Reynolds (R. J.) Tobacco Co.—
Remington Rand,
$1.12%
30c4
3c
68%c
10c
12 %c
25c
preferred
$4.50
(Helena),
A
Class
tquar.)
__________
Corp., com. (quar.)
Extra
...
preferred (quar.)____________
Ryan Aeronautical Co. (year-end)..$2.50
conv.
Saco-Lowell
Shops,
Preferred
St.
San
Savage
Wall
preferred
partic.
$2
Dillon
Scotten
Sears,
Co.,
Securities
6%
4%
preferred
.5%
Sinclair
Oil
Corp.
Conv.
preferred
Chemical
Sonotone
Pulp
Soundview
6%
South
preferred
6%
5%
Southwestern
11-
.
Extra
4
11-15
208
11-28
preferred
(quar.).———
Missouri—
$4.50 preferred (quar.)—
—~—
$5 preferred (quar.),
————
Union Electric
12-15
11-15
11-15
11-15
1
11-10
12-
1
11-10
Warren
(S.
12-
1
11-10
Warren
(Northam)
1-
2
10-26
United
11-10
$iy2
& Foundry Co., com...:
(quar.)l
——— '
preferred
7%
12-15
United Fuel
6
J
class
6%
12-
7
11-25
11-
11-15
6
preferred
Gas Corp.,
11-
11-15
12-
1
.
Merchants & Manufacturers-
United
5%
12-
11-
11-15
■
5%
$5
12-i5
12-
preferred (quar.)—..
(quar,)...
10-31
11-30
11-15
12-11
11-29
12-15
12-
8- '1-45
7-16
1
11-15.
4
12-15
12-15
4-20-45
4-10
t$l
12-15
.11-10
t25c
12-15
11-10
12-15
11-15
$1.12 y2
11-
12-15
50c
1-2-45
6%
6
11-10
1
11-15
1-15
12-30
1-15
11-15
12-
1
11-15,
12-11
12-1
11-30
12-20
11-24
25c
11-15
11-1
.
Co. Inc.—•
Electric,
11-14
11-
3
$1.75
11-14
11-
3
12-11
1- 2
12- 1
58y3C
12-
11-
58 %C
75c
1
11-15
1-2-45
12-15
1
1-2-45
11-15
50c
1-2-45
12-15
6 %
$1,50
11-15
10-19
$1.12%
(quar.)._
$1.25
1
preferred
5%%
3-16
6-16
1
11-
6
11-15
11-
4
12-15
11-15
$1
.
11-29
11-
6
$1
11-29
11-
6
50c
12-11
11-27-
1
11-10
30C
11-14
10-30
$1
(12-21
12-13
12-
35c
12-16
$1.75
1-
I
$1
12-
1
11-15
11-15
11- 6
25c
(quar.)——
6
11-15
$1.50
11-
12-
25c
—
11-10
1
$$2.50
12-30
11-15.
18:,,4C
11-15
10-31
1-
J25C
12-
2
1
11-30
40c
12-
1
11-10
3 %•,
12-
7
25c
Co
12-31
12-
1
11-20
50c
12-15
11-10
$50C
...
11-
2
2
12-
2
25C
12-12
12-
1
750
12-15
12- 5
1-
$1.37%
(quar.)—————
Zeigler Coal & Coke Co.__——————
Zlon's Co-operative Mercantile Institution—•
12-16
11-
11-15
50c
Youngstown Sheet & Tube, common_—
12-
12-13
1-2-45
4-2-45
7-2-45
11»
11-20
15c
& Co. Ltd.—
registered (s-a)
(Rudolph)
Wurlitzer
1
11-15
$7
30c
(quai\>
preference
i
12-
$1.75
10-19
(F. W.)
Woe 1 worth
11-15
1
12-15
Manufacturing, Ltd. (quar,)—
Woolworth (F, W.) Co. (quar.)..—
12-15
12-1
12-
•
2
11-15
(year-end)—.——
common
12-
43%C
Woods
11-15
53c
50C
53c
Ltd.
Wilsil
12-
15c
(quar.)..
preferred
12-12
75c
Williamsport Water, $6 preferred (quar.) —
Winnipeg Electric, 5% preferred—:—_—_
Winters & Crampton, 75c preferred (quar,).
8
12-2
—
(year-end)
7% preferred
Co.,
B.)
11-15
12-12
25c
preferred (quar,)——
Williams. (J.
1
12-
$1
—:
Co.;
12-23
2
25c
Electric & Mfg. Co., common.
!'}.• participating preferred..^..
—
Weston Electrical Instrument Corp......—
Westvaco Chlorine Products
(quar.)—
White IS. S.) Dental Mfg. (quar.)
Whitaker Paper Co. (quar.)
—
Whitman (Win.), 7% preferred (quar.)
Wilkes-Barre Lace Manufacturing Co.—____
10-14
50c
1-
50C
Westinghouse
12-30
11-15
$1,25
———
11-15
1
(quar.)
Gas
11-15
11-30
11-30
20c
'
(quar.)
Sugar—
Westinghouse Air Brake
1
11-15
$1,75
Virginia Pulp & Paper Co., 4%% pfd..
Maryland Ry.. 7% 1st pfd. (accum.)
Western National. Insurance Co..
——
Western Utilities Corp., 6% preferred (quar.)
10-31
1212-
1
$1.25
preferred—
West
10-31
11-15
11-18
12-
12-
Western
$1.12%
$1.25
1
$9
—___.u__
West Penn
10-26
11-15
12-
$2.50
.
preferred
1-10
22 %C
—______
preferred
3-10
75c
(quar.) —
(year-end)——_
7%
'
75c
—
Electric Co.
Oil & Snowdrift
Ohio
West
O
12-
1-20-45
$1.75
:_
Steel Foundry
$1.75 convertible preferred' (quar.)
'"11-15
4-16
12-20
3-20-45
________
Co.
Co.:—;
Extra
11-15
50c
12-
,
$1.75
$2.50
(year-end)_
West Michigan
4
4
1-15
2-1-45
5- 1-45
—_
Indies
1" '
11-
11-15
37 %C
—
__________
Railway &
conv.
West
1
25c
*
$4
1-20
2-2-45 '
50c
...—
5% preferred
United
1
15c
(irregular)
Corp., $3 pfd.
Co.
convertible
$1
Wesson
8
$1.75
———
preferred (quar.)
12-
37 %c
—
Common
11-10
$1.25
(quar.)
Common
10-25
(monthly)———
prior preferred
6%
12-
Wentworth Manufacturing Co.—
5
12-15
11-16
$3.50
(accum.)
Railways Co. (Del.)—
7% prior preferred (monthly————
7%. prior preferred (monthly)———
6.36% prior preferred (monthly)
_
6.36% prior preferred (monthly)—
—
6%
prior preferred (monthly)
——
1
9
$1,50
Welch Grape Juice Co.,
11-22
1
11-15
$75C
(quar.)_—
$7 preferred
12-
(quarv)_.
D.)
Wayne, Pump
1
20c
Investments—
A
;;
common
Waverly Oil Works
——
United Engineering
11-10
11-15
3
11-25
$37C
Corporations, Ltd.—
class A (quar.)
11-17
$1.75
Participating units _______
5% preferred (s-a)___________
5% preferred (quar.)—
———
.
12-4
.
7
$10c
11-24
42-23
11-
1- 5
12-
Inc.,
11-10
United
(quar.)
(quar.)
Washington
11-15
4'/a% pfd. (quar.)—' $1.12%
$1.25
Aircraft Corp., 5% conv. pfd. (quar.)
$25C
Bond & Share Ltd.—:
———
United
2
37 %c
(quar.)
preferred
$1
11-15
75c
12-
Gooderham*& Worts Ltd.—
(Hiram)
Common
10-20
11-22
Co. of
Lines
United Air
12- 1
Quarterly
——
Molasses* Co. Ltd.—
11-
7%%
(interim)
registered
(quar.)——
United Stockyards Corp. (year-end I
...
United Wallpaper, 6% prior preferred (quar.)
TJ. S. Casualty Co., 45c conv. pfd. (s-a)_—-
8
11-
Ordinary
United N.
8
J. RR. & Canal
11-
12-18
x
3
$2,50 1-10-45
Jamaica income tax.
Less 30%
25c
12-5
11-15
$1.50
12-1
12-1
'Transfer books not
12-20
11-20
22 %C
closed for this dividend.
-
.
15% Canadian non-residents' tax.
tPayable in Canadian funds, tax deductible at the source.
resident tax, 15%; resident tax,. 7%.
a Less British income tax.
tPayable in U. S. funds, less
11-16
Non-
Foreign Exchange Rates
1
Pursuant
30c
11-25
11-25
11-15
11-30
11-15
50c
the reauirements
of Section 522
Tariff Act of 1930, the Federal Reserve Bank Is now cerbuying rate for cable, transfers in the different countries of the
of the
tifying daily to the Secretary of the Treasury the
world.
We give below a record for the week just passed:
11-15
$1.50
to
FOREIGN
EXCHANGE RATES
CERTIFIED BY
NOV.
f
FEDERAL RESERVE BANK TO
3
9, 1944,
TO NOV.
INCLUSIVE
TREASURY UNDER TARIFF ACT OF 1930
Inc.—
,
11-15
12- 1
11-15
12-18
12-
37%c "
(quar.)
12- 1
100%
__
common
11-15
10-20
37%c
12-15
Noon
Country and Monetary
4
11-20
_
11-15
2-15
1-15
10-20
+20c
$$1.50
(irregular).
75c
$1.25
12-15
12-15
11-15
Co.
1-19
.060602*
.051803*
.051803*
.909090
.909090
.898750
.899375
.899765
Free
.572766*
.572766*
ill
Free
Canada, dollar—
25c
12- 1
11-15
Colombia, peso
:
$2
$1.50
45c
$1.12%
12- l
12-15
12- 9
13-15
11-25
England, pound sterling
India (British), rupee
11-18
12-
1
11-15
11-
4
$1.60 pfd.
11-24
12-15
12-
1
25c'j 12-15
:
(auar.)
(quar.)
Mexico, peso
Newfoundland, dollar—-
.205820'
.
.301215
11-15
4(lc
12- 1
11-15
40c
12- 1
4.035000
-.301215
.205820
.205820
.909090
.909090
.896875
.
12-15
11-15
Holiday
3.244203
3.244203
3.980000
3.980000
3.980000
.658300*
.541850*
'Nominal rate.
,
.541850*
,
.658300*
.658300*
,
.541850*
3.244203
3.980000
3.980000
.658300*
.658300*
.541850*
.898125
.898125
3.244203
3.244203
New Zealand, pound...
.909090
.909090
.897033
Noncontrolled
.572766*
.301215
.205820
.205820
Controlled
.900625
.572766*
4.035000
.896250
Uruguay, peso—
.909090
.900625
.301215
.909090
pound
.051803*
'
.
Official
11-20
50c
.909090
Holiday
4.035000
4.035000
4.035000
.301215
.909090
•
Union of South Africa,
12-5
$1.12Va
.572766*
•'
•
Free
—
(quar.)..
.060602*
-.051803*
(quar.)
5
3.228000
3.228000
3.228000
.060602*
1-11
(Detroit)
.251247*''
.251247*
'
.251247*
.060602*
)
1-15
12-
$
.251247*
.051803*
Brazil, cruzeiro—
40c
preferred
'
,297733*
.297733*
.060602*
Official
11-15
NOV. 9
Nov. 8
Nov. 7
.297733*
3.228000
3.228000
35c
(quar.)..
-
$
.297733*
.251247*
1
.
York
Money
$
.297733*
Australia, pound
Nov. 6
Nov. 4
$
Argentina, peso-
in United States
Official
12-20
(Dallas)—
(quar.)..
Value
Nov. 3
Free...
Buying Rate for Cable Transfers in New
Unit
Official
Ltd:—
common
10-31
12-
31 Vac
—
(quar.)..—
(quar.) ——.-t-
La Salle St. Corp.
So.
preferred
11-15
$1.37 y2
(quarJ).
—
11-25
$1.75
$1
(quar.).:
preferred
7%
Walker
20c
—
prior
$4.50
10-31
7%
10-31
25c
common
convertible preferred
$1.50
'>
10-31
11-27
11-15
10c
com.
12-23
50c
12- 9
.
12-1
$1.50
4—
Eilm,
1-20-45
1-2-45
Corp,
Detinning Co.,
y__—
Common
10c
Coal,
1-30-45
—
(quar.)..
preferred
11-15
i2y2c
(quarJ,—
Century-Fox
Twehtieth
11-15
10c
__
...
of California
11-10
12-11
$66c
——
preferred (quar.)
5y2%
11-24
11-15
11-
(quar.)..
Standard Cap & Seal. $1.60 conv. pfd.
Co.
Vulcan
1
$$1
Corp.
Truax-Traer
10-25
11-15
36
Oil
.1
12-11
10c
62 %C
50c
6%: preferred
Manufacturing
6
11-15
1
8
$20c
Stapdard Dredging Corp.,
1
12-
6%
5-26
11-
11-21
12-
12-1-
Iron.l—
&
6-11-45
9
....
Common
12-
Vogt
3c
11-30
(quar.)..
$4.50
11-24
11-10
12-22
Coal
2-26
75c
—
(quar.)__$
preferred, (quar,)
6%
11-24
1-2
12-15
25c
(interim)
common
Universal Insurance (quar.)
—
Triumph Explosives, Ino: (irreg.).——
Troy & Bennington RR. (s-a).
1
Troy & Greenbush RR. Association (s-a)___
10-25
11-
Reduced
Brands
Virginia
3-12-45
62 %c
common_______.
(quar,
Virginian Railway,
11-10
1
$lc
Trinity
50c
Standard Accident Insurance
1
$$1.75
(quar.)
Trans-Lux
12-15
11-
....
Water
11-
12-
11-27
25 c
,
.
1
12-21
5C
Insurance
11-15
Chemical
Vick
-
:
(quar.)__
1st preferred
$6
12-1
12-15
(irreg.)
Mills (quar.)
Sparks-Withington, 6% conv. pfd.
Spencer Kellogg St Sons
Spiegel, Inc., $4.50 conv. preferred
Stamford
preferred
Co., common
Trane
1
13%c
Southwestern Public Service, common
Standard
11-
12-15
(quar.)
Life
1
15c
11-10
11-24
Spartan
Standard
12-11
$1
....
Quarterly
11-
Co.,
12-11
40c
(reduced)
Vapor Car Heating, 7% preferred (quar.)_„_
1
11-15
Raalte
90C
v
Nevada
of
Mining
Ltd.,
514%
12-11
15c
(quar.)'_..2.
Co.,
11-
2
V
Co..—_____________
1st preferred (quar.)__
5c
*
Elevators,
Toronto
11-30
50c
.....
part, preferred
preferred
Ltd
Mines
Tonopah
^
Co.,
11-15
2
7-
Vanadium-Alloys Steel Co.
11-15
1
4-
Works
Iron
$2.50
Tokheim Oil Tank & pump Co._.____—
...
Works
Power
Southern Railway
Gold
1
10-14
(quar.)...
(quar.V_.__:
Van
$2.50
_
2
11-15
B" (nuar,)__.
(quar.)
Common
.....
11-
12-29
_______
dividend)
Canada
Common
11-
10c
—.
11-
20c
Southern California Edison,
Southern
Toburn
12- 1
Extra
(stock
1-15
$1.75
7% preferred.—____
Tip-Top Tailors Ltd.,
11-22
50c
Common
Common
6%
12-14
$30c 1-29-45
25c
11-15
62 %c
11-15
.
Greyhound Lines,
(increased quar.)
Van. Dorn
20c
11-15
11-15
_
Southeastern
11- 6
Products,
25c
(quar.)
Oil
——
10-31
(quar.)
Knitting, 5%' prior pfd.
25c
•'
10-26
$1.25
Co.,(common
Lathe
Bend
Radio
1-15
12-
2
40c
Co.
Utica
6
3
1-
40c
(year-end) __
Universal Insurance Co. (quar.)_::_.
Universal Laboratories, $2.50 preferred (quar.)
11-15
12-
11-
1-15-45
$1.25 4-16-45
$1.25 7-16-45
(quar.)
preferred (quar.
preferred A (quaf.)
6:4% preferred A (quar.)__
6.4% preferred A (quar.)—
Utah
11-10
$1.75
preferred
1
—
—
Year-end
11-14
Inc,
11-15
40c
i_—
Co..'
Extra
1
12-21
(interim)
common (quar.)..
Products
12-1
20c
pfd. (quar.)
(s-a)—.
Associated
Water
Tide
12-10
.
preferred
1
10-25
11-8
Ltd.
Corp.
11-15
11-29
12- 1
11-25
12-12
(year-end)
1
11-15
9
$1.25
...
Oil
1
12-
11-20
6.4%
Universal Consolidated
50c
$5 pfd.
Co.,
(John R.)
Thompson
12-23
75c
12-
25c
$3.60
Manufacturing,
'
.
11-15
12-
$1
preferred: (quar.).________
$5
Sugar,
12-15
$1
$5
11-16
—
preferred
Thermatomic Carbon
12-10
.
S.
12-16;
1-2
62 %c
common
(quar.)
preferred
l'/o
11-2
1
12-
Corp.,
11-29*
"
(resumed)
Steel
50c
Corp.—
A
Solventol
Thatcher
11-15
37%c
Skelly Oil Co. (irregular 1
Solar Aircraft Co._.___
—.
(s-a)
Oil
Ry..
Texas
11-15
12-23
(quar,)
Sivyer Steel Castings Co.
Pacific
&
10-20
10c
'
1
12-
25c
(quar.)..
_
1-.2
$3c
(quar.)...—
Coal &
Pacific
Texas
11-
5c
$2c
50c
$3c
(quar.).
(quar.)___
Company
12-1
25c
$22c
10-31
12-20
2
37'/2c
11-29
11-
10-31,
11-15
50C
11-29
11-
11-15
40C
(quar.
(Phila,) ' com.
Loan Society
$5
11-29
50c
Texas
11-
30c
•
10c
25c
11-15
12-
(s-a)__-_l
prior preferred
S,
11-10
•
10c
11-15
11-
12-12
11-
'
11-15
10-13
11-24
10c
Transit Corp., common (irregular)
Talon Inc., 4% preferred (s-a)
Tampa Electric Co
Telautograph Corp. (resumed)__
_—,
Terre Haute Water Works, 7%
pfd, (quar.)
11-15
11-13
1D24,
12-15
84%c
—
Syracuse
$10c
(quar.)
Solar Manufacturing
11-15
i_
common
Signode Steel Strapping,
$2.50 preferred (quar.)
shares
Bearer
11-15
....
Sylvanite Gold Mines, Ltd., common
11-15
8-10
1-2
U.
12-15
...—__
...
(quar.)—
certificates
11-15
11-30
10%.
;
Deposit
Investment
preference....
(Quebec),
Mines
-
International Co., Ltd.—
11-10
Water
preferred AAA
6%
11-15
9-15-45
;
3
25c
Common
Swift
11-15
12-11
& Power (quar.)
Sheller Manufacturing Corp...:.
....
Sherritt Gordon Mines Ltd. (s-a)
Sigma
Swan
11-
11-15
5-10
50c
Common■
11-13
1
2-10
$1.75
non-cum.
U. S.
i2y2c
(initial)
(stock dividend)
Tool & Die Co...
—
Finch Oil, 4% 2nd preferred (quar.).
preferred (quar.)
...—
12-11
j
Co.,
4y2%
11-15
class, A...—_____
11-13
12-
6-15-45
.
U. S. Pipe &
11-10
1
25C
Oil Corp., common..
preferred (initial).—.
Sunray
1
12-
3iy4c
(quar.)_:__
Superior
75c
$1.25
(quar.)
(quar.)...
Sherwin-Williams
4
12-
75c
......
(quar.)
United
...
Shawinigan
4
$1.50
Inc., class A
Common
4
50c
class
class fA.y_.___i
U.
11-15
12-1
.
United Light &
%
com.
$1
$1.62 Va
$1.25 pfd.
:
Oil Co., common
11-10
25c
(quar.)
Acceptance Corp.,
Servel, Inc.
Corp.
11-
,
12 %c
common..:.
International
.'I—
(quar.)...^
Wells Corp.,
11-1
....
partic.
Sun
preferred
11-15
37 %c
Co
Canadian
Ltd,,
6
10c
(quar.)
...
Second
11-
50c
(quar.)....
Corp.
Roebuck & Co., common
Extra
1
12-9
12- 1
12-31
11-16
11-15
11-15
Assn.
Loan
Board
11-20
11-15
12-10
50c
$1.50
__
Corp.....
Arms
Schumacher
"y*>
Remedial
Francisco
11-20
9 7/10c
Lead
Joseph
12-11
1- 2
12- 1
12-1
12- 1
$1.50
25c
.....
Co....:
Joseph Water, G% preferred
St.
'
(year-end).
common
11-15
12- 1
12- 1
62%c
35c
preferred
convertible
$1
12-15
12- 1
12- 1
11-15
50c
25c
15c
15c.
common.......
Steel
&
Iron
Rustless
11-15
$1.25
$15c
$$1.50
$15c
preferred series E
Rolland
Rubinstein
11-25
11-15
11-15
12-15
12-30
12-30
25c
$1.50
(quar.):..
_____
Paper Co., Ltd.. common (quar.)
;
6%, preferred
(quar.
Royal Bank of Canada (initial quar.)
5%
12-15
1- 2
1- 2
35c
35c
(quarterly interim)'.
...
_
Class B (quarterly interim).
Rheem Manufacturing Co.
(quar.)__^.._._!
Rochester Gas & Electric 6% pfd. D (quar.)
Common
12-
Studebaker
,11-15
1- 2
12-1
$$3.25
30c
pfd. (accum.)
Ltd., 6%%
Reliance Grain Co.
6
Struthers
12-
12-14
12- 1
11-15
—1
11-
6y2 %
12-
12-15
11-25
12-15
40c
35c
preferred (quar.)
Corporation
Regina
1
Strawbridge & Clothier, 6% pr. pfd. A (quar.)
12-
11-29
50c
....
(quar.)—.,
Co.
Power
Quebec
$1.50
25c
t25c
37%c
50c
7%c
(quar.)^___
6% preferred
V-Quaker Oats Co.,
12-
Sun-Kraft
12- 1
7%
25c
Co..
11-13
50c
class A„_..^—
non-cum,
11-10
25c
12-20
non-cum.
Poundry» .common (quar.).—
U. S. Playing Card
(quar.)..
...
U. S. Printing & Lithograph Co.—
5%. conv. preferred A___.:
L-.-.u-—_
10-31
Coal
11-17
12-15
3-15-45
10c
12-15
11-29
Stonega Coke &
12- 1
50c
4%
1
11-15
12-20
12-29
11-15
12-1
65c
preferred (quar.)
......
preferred (quar.).,
_
Puget Sound Power & Light.........
Purity Bakeries Corp
——...
$5
,
11-
12-30
10-25*
12-29
$1.75
30c
40c
6%
11-15
10-31
75c
(year-end),—_•—,
4% ' non-cum.
25C
11-15
12-15
11-15
12-15
12-15
12-15
preferred (quar.)
—_
preferred (monthly
6% preferred (monthly)...
7%
preferred (quar.)—.
8 % preferred (quar.)
_____
Public Service Electric & Gas Co.—
$5
12-15
25c
11-15
12- 1
$1.25
,4%
12-5
$1.25
(A.)
Stromberg-Carlson Co., common (year-end)
12- 1
25c
Common (quar.) —
_______________
5% preferred (quar.)—:
—
1—
Public Service Corp. of New Jersey—
11-10
,
11-15
United States Leather Co.—
preferred (quar.)...
..y
;
& Co.' (quar.)
___._i.___
Brewers Inc
_-____._i__.___.
Stewart-Warner Corp. (s-a)__—
5%
11-15
12- 1
12-1
12- 1
12-1
of Rec.
3c
-(year-end)
B
ycommon
4
7%
11-15
1- 2
11-
$1.
When
Payable
■
Hoffman Machinery Corp.—
S.
4 %
11-15
1- 2
preferred (quar.)..
1st
5%
11-15
Inc.—
Electric Light & Power Shares
Scries
U.
Adid
&
Sterling
11-15
1-15
1-15
12-12
11-15
31'Ac
Stein
12- 1
12-1
11-15
11-15
50c
...
Phosphate
11-15
12-12
Stanley Works, 5% preferred (quar.).'
Stecher-Traung Lithograph Corp.—•,
11-15
1
1
Co..
12-15
10c
1
Corp
(irregular)__a
Works Inc.
11-22
Co.—
5%%
Wholesale
11-15
1
1
12- 1
25c
60c
—100%
—
__
—
12-,
121212-
Stoker
11-15
Pittsburgh Steel Co.—r
5%%
Standard
1
11-15
12- 1
12- 5
12- 5
_____
Meter
Plate Glass
Pittsburgh
•___
—
preferred (s-a)
Equipment
6%-
Pittsburgh
Silica
1
11-
11-20
Co.—
Standard
Standard
11-
12-15
75c
■
(s-a)
(New Jersey)
U. S.
11-15
25c
50c
(quar.)...
(Indiana)
Co.
Standard Oil Co.
Name of Company
of Rec.
25c
Oil
Standard
11-20
10c
^
,
Pittsburgh Bessemer & Lake Erie RR.
Nanje of Company
11-20
Pitney-Bowes Postage Meter Co.—
Common
When
Payable
10-17
12- 7
12- 1
2% %
Pioneer
of Rec.
Share
Holders
Per
Share
Holders
When
,
.541850*
,
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
debt
Condition Statement of Member Banks
The
banks
shows
General
condition statement of weekly reporting member
of the Federal Reserve System in 101 leading
cities
the
Corporation and
Gross
posits credited to domestic banks.
—V.
following
(Continued from
Southern
19 Days End. Oct. 31
-
1943
1944
$
$
deduction
1943
$
$
8,812,925
Mail
order
—V.
160.
largely in New York City.
bills declined $163,000,000 in
New York City, $141,000,000 in the Chicago District, $51,000,000 in the Cleveland District, and $428,000,000 at
of
Treasury
ajl reporting member banks.
of
tificates
York
of
Oct.
$101,000,000 in New
for
completed
were
at
the first
for
the
of
board;
thq new company
Charles C.
meeting of
the
Planet's
Secretary;' L.
Vice
responsibilities
'The
;
$165,000,000. in
City, $123,000,000 in the Philadelphia District,
and $149,000,000 at all reporting member banks, and de¬
clined $117,000,000 in the Chicago District.
Time de¬
posits increased $42,000,000.
United States Government
increased
Kirk,
K.
With
capital
policyholders
of
the
Licensing
.
in
other
States
parent
earned
those
and Treasurer; R. H. Platts,
President; all of whom hold similar
and
surplus
1944,
use
Under the amended
of
Commercial,
industrial,
loans__-
Loans
This
1,272
to
326
+
+ 264
of
—
dealers
lor
64
+
chasing or carrying:
U. S. Government obligations-
917
,+
Other securities——.
889
+
105)
84)
109
+
U. S, Government
506
Other securities-—___—
345
Real estate loans.:
.
Other loans
+
1,326
——
+
1.774
Treasury certificates of indebtedness—_—..
7,264
Treasury notes——_———
U. S. bonds—-i.————_—
+
607
Obligations guaranteed by U. S. Government
——-——
Reserve with Federal Reserve Banks——
9,591
Cash in vault————j-——
565
Balances with domestic banks-.
not
.
than
more
On
basis
the
for
renew
of
to
3%
1,237
1902.
to
—547
9,105
+ 186
+
13
+
70
35
+
and
5,813
Other
Total
—6,320
863
———
—
+
287
Gov't
during week—
in
two
The
-
the
Gross
15,388
Est.
Statement of Condition of the 12 Federal
for
to
terms
bear
of
the
separate declaration.
decision
in
the
income
—-V.
160,
570,092
525,144
1,503,727
$83,240,662 $64,007,155
30,342,699
21,875,592
237,313
237,313
711,938
711,938
$17,182,992 $52,186,025 $41,419,626
taxes
6,500,000
6,300,000
$0.86
1902.
;
Net
Reserve Banks Combined
■Edward
thousands of dollars)
(In
to
since
Assets—
Nov.
certificates
due from
hand
on
Nov. 1,'44
8, '44
'43
Per
23,450,000
$0.84
$2.21
$2.00
share
ing his company
548.111
Redemption fund—F. R. notes.^
Other cash„—
—
18,799,488
401,181
Discounts and advances..
Industrial loans——
5,222
+
235,312
—
Total reserves—.—__—
.
281
—
+'279,042
11,788,554
3,816,490
'.Certificates.^^——
i—
■
%
+
+
also
420,471
1,243,426
Peake
322,13-5
—
Total U. S. Govt, securities
:
(inch guar, sec.)
t—
Total loans and securities
DUe from
of
17,957,341
18,366,780
foreign banks
.
F.: R. notes of other banks
+
8,092,397
393,611
+
the
on
1243
to
'
and
the
Co.,
filled
board
and
of
Pan
over
F.
O.
1
—
American
+•
of
of
'
85,272
—
Corp.
the
the
j'total assets
—
38,965,742
:
608
5,265
Period End. Sept. 30—
+246,247
7,109,237
+
Liabilities-—
Net
final
21,015,106
+ 192,326
+
profit
■"This
Other
76,043
+
98,002
,
1,961,274
313,710
1,220,654
'
—
+
5,794
12,595
128,317
—
52,096
+
Indiana
16,112,901
—
Other liabs., incl, accrd. divs
1,351,930
10,816
+
180,849
+ 1,829,737
—128,285
+
&
+
+ 245.192
profit
Interest
Amort,
from
sales
;
5,809,661
Mr.
I
Other capital accounts
+
'64
+
7,059,366
+
10,160
Total liabilities &
cap. accts,_
Ratio of total res. to
deposit &
T\ R. note liabilities
combined
Commitments to make indus¬
trial loans..
38,965,742
50.6%
27,686'
+
26,965
99,424
15
arid
1,655,623
$546,259
$2.38
$2.93
prior
rate
liability
the
for
that foreign
in
years,
with
the
parent
subsidiaries
company.
profits taxes for 1944 have been
under
year,—V.
the
1943
160,
been
has
provided
Act.
Revenue
profits taxes
excess
The
adjusted
1564.
p.
Co.—Earnings—
Sept. 30—
1944
share on
per
and
287,000
after
$100,000
for
"SOS,756
$1,814,402
1544,320
$1,77
$1.89
providing
a
provision
for
making
taxes.—V,
160,
-
of
reserve
Federal
rate of 70%
contingencies, and
income
"
shares
common
after
profits tax at the
excess
$1,695,854
.
...
reached
was
1943
—
—
taxes———
normal
t After
.
after making
p.
$100,000
a
for
tax,
providing a
provision of
366.
offering
Co.
as
oversubscribed in the elapsed time
was
minutes.
Bids
allotments
of
as
Mr'
101,897,344 317,150,233
on
a
for
11,470
of
65.4%.
basis
shares
There
Tampa Electric Co.—Earnings—
Period End. Sept. 30—
1944—Month—1943
Operating revenues
$550,583
$7,229,026
$6,501,923
'424,425
357,363
4,743,354
4,121,741
...——
31,000
61,700
775,770
753,888
accruals
35,833
35,833
430,000
430,000
income.
$123,050
$95,687
$1,279,901
(net)...—
219
121
3,361
$1,196,294
5,221
$123,269
$95,808
$1,283,262
$1,201,515
3,098
3,370
36,957
19,595
$120,171
$92,438
$1,246,305
$1,181,920
956,427
956,419
$289,878
$164,251
reserve
Utility Oper.
Other
income
Gross
1944—12 Mos.—1943
$614,308
etc—
exps.,
taxes
Retire,
income
Interest deductions
income
Preferred
L
dividends
dividends
Common
Balance
-V.
61,250
j
paid.-
—..
160, p.
1902.
Chairman
Texas
Pacific
Period End.
Gross
&
Other
Co.
(&
Subs.)—Earnings-
1944—3 Mos.—1943
1944—9 Mos,—1943
admin,
$3,014,367
$4,336,336
547,489
1,881,944
1,527,927
$968,042
$576,207
$2,514,392
$1,486,440
exps.
(other
$1,123,696
costs,
than
taxes
Profit
Oil
&
$1,632,246
664,204
income
exps.,
&
gen.
Coal
Sept. 30—
ope:-ating
Operating
Standard's
1944—9 Mos.—1943
$
received
were
made
were
were
60 purchases by 26 firms; 1,605 was the largest
allotment, 15 the smallest.—V. 159, p. 2679.
company and will
Oil
&
Gas Co
Transport Co.,
$
from
1
opers....
income
credits
6,2011
10,557
27,105
15,121
$582,408
$2,541,497
$1,501,561
82,268
47,031
233,647
106,349
228,403
169,993
625,932
474,877
100,000
65,000
$
262,534,622
94,959,256 301,737,222 248,282,539
6,938,087.
15,413,011
14,252,084
275,688
856,414
824,335
221,808
44,295
520,767
152,897
on
12,800
—
fee
44,877
Profit
less
Lease
etc.
income
$978,599
—
rentals, dry holes,
"
Prov.
■"Prov.
for
de¬
deprec.,
etc.
-
—
for
Fed.
44,359
Net to surplus
inc.
tax
25,000
(before
dividends)
Shares
■"No
$642,928
outstanding
Earnings
111,781
5,253,357
13,924,049
13,230,493
20,319
Cr5,234
98,409
expense,
income..
6;605,304
Crl2,153
—;
interest
interest
+
+
+
991
246,247
.6 %
136
■
11,889
+
+
+
7,109,237
.
16.4%
for
contingencies.
375,000
Prov.
for
Fed. inc. taxes
760,000
Prov.
for Federal
per
—
share
liability for
$0,72
excess
$365,384.
$1,581,918
$855,335
886,541
.]
886,541
886,541
886,541
$0.41
$1.78
$0.96
.
profits tax. -V.'160,
p.
*
472.
profits
taxes
237
4,893
Texas
1,280,000
§2,916,000
15,040,000
8,577,000
18,460,000
Net prof, for the period
Shares of common stock'
1,214,510
879,985
2,947,284
be
2,552,084
outstanding
Earnings per com. share
2,320,481
2,223;985
2,320.481
2,223,985
$0.52
$0.39
$1.27
$1.14
preciation,
interest
and
of
special tools,
commitment
fee.
Terminal
RR.
of
New
Definitive
1,200,000
3%%'
mortgage bonds, series A, due June 1, 1974, will
for exchange for temporary bonds of that issue on !nov. 14,
the Guaranty Trust Co. of New York, 140 Broadway. New
N. Y,—V. 3 60, p. 572.
ready
1944.
—
Pacific-Missouri Pacific
Orleans—Definitive Bonds Ready—
1,125,000
600,000
excess
■"Including amortization
5,020
991,750
'$445,363
_
Prior
289,619
;
discount
__:
on
JCommitment
Prov.
160,503
188,097
_
2,201,882
profits taxes..
consolidated
excess
expected
foivFederal
Gross
-
3,035
+
Capital Accounts—
Capital paid in
Surplus (Section 7).
Surplus (Section 13b)
1943
1,437,113
taxes
129,713
302
proiits
of
'
38,490,753
1024.
p.
"
Other
Total liabilities.....
President
Purchasing
1944—3 Mos.—1943
on prop.,, plant
and equipment
debentures
Total deposits..
Deferred availability items
160,
Dcprec,
55,316
—
and
after taxes—
and
pletion,
'
419,086
.....
+
of
excessive
no
Subs.)- -Earnings—
(&
!
for income and
figure
and the
Subs.)—Earnings-
96,154,808
that
offering of 7,500 shares of capital stock was effected
by Shields & Co. Nov. 6. The shares were offered at $70
1443.
101,964,469
found
Swift International Co., Ltd.—Special Offering—A spe¬
and
general expenses
Net
14,15.9,451
domestic
been
cial
5,096,881
+
sales,
■foreign
Deposits:
Member bank—reserve acct.*..
'U. S. Treasurer—gen. acct...
Foreign..
of
before
Earnings
"Mfg. cost and sell, and
,
Federal Reserve notes
Chairman
now
Seubert's responsibilities
$
Net
share
per
cessation
the
Germany.
1944
excess
Sutherland Paper
major
chief executive
subsidiary.
Stanolind
Oil
Petroleum
p.
(&
3,987
—
160,
or
$9,752,278 $ll,145,054r
Federal)
527
+
11
subsidiary.—V.
Studebaker
"— '■
9,349
—132,374
56,455
as
become
Prior,
producing
Stanolind
Mr.
income
9 Months Ended
company, and A. Wi
advance
to
the
office of
will
by
oil
an
President
has
$5.73
at
after
months
and
stock—.————-
not
Indiana
'
Other assets—
several
been,
board
eastern
'
—
34,388
be
Co.,
to
change in the form of presentation of the financial
a
are
basis
the
Net
the
President,
Vice
of
Line
Pipe
of
issuable
for sale
shares
corporation
six
it
exc.
compared with
as
provision
Profit
board.
officer
will
Gas
Chairman
has
the
the
heading it
director
a
17,466
;
common
branches
Federal
8,467,879
"
1,639.618
premises—.,
+352,042
+
136
68,877
Uncollected items
Bank
•
place
&
Mr. Wilson will take
.
-
His
Oil
Stanolind
'
/Boiids..———_—,.
of
Vice
a
director and
a
be
remain
executive
present
President.
will be
than 52 years and
will
committee
chief
at
Stanolind
2,122,290
6,000
+
announced
Wilson, now President of Pan American Petroleum &
Co., will return to Chicago to become Chairman of the
,
and
Peake,
+'5,871,771
+'• 67,000
1,108,871
1
management
more
the
States
surplus-
Note—There is
statements
E.
Transport
3,319
—
Nov.
Jan.
He
15.
executive
board
—1,434,135
+
378,801
U, S. Govt, securities:
Notes
than
Robert
65,197
—
■
41,850
+
8,258
15,266
5,044
—
the
—1,788,650
;•+ ' 419,712
5,000
+
top
effective
to
of
Operating
'
on
include
be
to
corporation.
In
reserved unissued at Sept, 30,
without provision for overall renegotiation, but after
a voluntary price rebate of $140,000 on war contracts and provision for
Federal income and excess profits tax.
15,400,000
Indiana—Changes in Personnel—
President
estimated
predecessor
,*Net earnings,
$10,882,992 $28,736,025 $26,019,626
of the company and its subsidiaries
1, 1945.
that date Mr. Seubert Will retire from the
Presidency after serv¬
more
18,016,0G5
Seubert,
the
become
On
Nov. 10,
'
and
U. S. Treasury
G.
changes in
Increase + or Decrease-
Gold
Standard Oil Co. of
of
renegotiation,
for income and
profit
Federal
'
shares
the
follows:
date
a
United
—
Provision
of
7,821,388
$11,119,173
officers
sales
$80,289,419 $61,978,283
2,381,151
share—
per
p.
of
of
employees under such terms and
from time to time determine; and 35,000
may
before
the
2,034
as
$18,155,829;
outstanding,
officers and
profit before income and
reserve'of
189,149
income
deductions
$1,645,376;
surplus,
as
Nine Months Ended Sept. 30—
70%
V
(est.)--.-net
cons,
by
or
capital
shown
there were
shares
to
Net
near
10,072,079
debt
bonds,
1944—9 Mos.—1943
$24,480,681
period $17,619,173
Federal
income
oil
Net
inc.
for
Prov.
funded
on
also
securities
Net
are
571.863
depl.
$209,974;
payroll
$95,689,514,
stock,
Sullivan Machinery Co.
was
banks
and
years,
definitive
$27,928,564 $25,241,693
depree.,
$7,291,252),
thereof,
the
issued
stock
be
to
to
169,833
amortization,
Interest
accounts,
———
issued
917,384
income
for
and
on
$35,000;
total,
and
board
between
contingencies
$26,841,347
income....!
Savings
renegotiation of Government contracts.—V.
In¬
+ 1,579
deposit accounts except
S.
be
1944—3 Mos—1943
received
misc.
Prov.
U.
the
to
debentures
to
exceeding
a
War
shares,
of
52,466
the
as
result
a
and
262
+
42
+
318
demand
com¬
•
Period End. Sept, 30—
128
.
7,556
5,850
Borrowings—
Interbank
assigned
new
annum.
agreement will be set forth in
160, p.
patent
(VT Type),
cancellations,
$571,699;
,
portfolio
Standard Oil Co. of California—Earnings—
22
—
+ 149
.Domestic banks—
Debits
not
per
payment
balances,
and
shares so issuable,
subscribed
surtax
Interbank deposits:
-
values
The notes
period
exceed
Operating income
Foreign banks^
common
of
13
37,587
—-
basic
,Tbe Commission is expected to hand down its
Dividends
deposits-adjusted—
Time deposits—U(S. Government deposits————
Service
Public
distribution
dis¬
for by an adjustment in the cash pay¬
of the basio value of the stocks to be
3'%
further
a
not
future.—V.
Liabilities—
Demand
the
the
for
$11,718,300.
and
profits taxes (less U. S. Treasury
in
issuance
mature-In three years after their date, with the option to Standard
loan
2,113
+.
4
of
interest
977
+
21
+
2,105
to
+
26
+
—
to
—1,222
2
—
the
debentures, of $200
new
be compensated
to
are
approximately
72
+
3
+
2,887
Other securities,—*
cash
plan as amended the amount of the
+ 2,348
137
for
provide
proposing to raise the cash
2
+
25
—
19,764
-
substitutes
but
retains
69
—2,631
—428
—123
to
$400 of
Wisconsin
of
plan
ment
—
10,247
Treasury bills——.—
shares
18
amended
will
good
following:
cash.
in
issued.
3
.
of the
+
16
the
September
in
lieu
—
2
—
81
in
non-current
reserves
profits on Government contracts have been realized by the corporation
years ended Dec, 31, 1942, and Dec. 31, 1943.
The corpora¬
tion's
profits for 1944 are
subject to
adjustments on account of
Electric
&
85
—•
ioj;
+
1,060
Loans to banks
16)
—
holders,
present
tributed
obligations--—
Gas
amended
was
(less
during the
debentures..
receive
$200 of new debentures, the
through bank loans.
i,The maximum aggregate principal amount of the loans is $12.
creases or .decreases
in the market value of the
equities to be
Other loans for purchasing or carrying: •
■
will
Pacific
of
debentures,
$20
pany
■
-
new
stocks
pur*
'
1
plan
The
211
—
stock
$646,458;
name,
commitment
commoii
issued
respect
issuance
As
deben¬
plan the holder of each $1,000 principal amount
debentures
or-
debenture
and
6,247
—t
and
a
agricultural
and
—
brokers
to
11-3-43
—174
and
$400
S
!#
recapitaliza¬
notes
The original plan filed Aug. 26, 1944, provided, that holders of notes
would receive for $1,000 face amount $90 in cash,
in new five-year 4% debentures and portfolio securities
having
basic value of $510.
*
:
53,914
11,371
plan of
its
for
and-.debentures
Increase (+) of
Decrease (—-) Since
Investments—total—
of
Three shares of
CO.; 18 shares of common
of Wisconsin Public Service Corp.; 12 shares of common of Oklahoma
Gas & Electric Co.; 5 shares of common of California Oregon Power
Co.; 2 shares of common of Mountain States Power Co., $310 in cash.
(In millions of dollars)
.Assets—
notes
.
common
member banks follows:
Loans and
proposed-issue of new
entirely the
trict, and $186,000,000 at all reporting member banks.
A summary of the assets and liabilities of reporting
credit
of
compensation
hostilities
jyill receive common stocks in the company's portfolio having an
assigned basic value of $690, and $310 in cash and thus eliminating
Deposits credited to domestic banks increased $89,000,000 in New York City, $57,000,000; in the Chicago Dis¬
'
10-25-44
$1,000
each
of
applied
taxes
shares
in
conditions
tures
deposits declined in all districts.
11-1-44
that holders
and
common
total of
a
as
shares
provide
trade
material
$14,377,184;
heretofore
addition to
to
Standard Gas & Electric Co.—'Further Amends Plan—
to
35,000
surplus,
hereafter
company.
new
The company has further amended its proposed
tion
be
to
for
income
Notes—The
New York
r
Federal
unissued
announced.
was
subsidiary is $1,000,000
$2,500,000.—V. 160, p. 2007.
is
assets,
equipment
other
liabilities, $309,479; reserve for war contract termination con¬
tingencies
and
post-war
reconversion,
$3,125,000;
common
stock
(outstanding 2,320,481 shares, par $1 each), $2,320,481; subscribed but
President
Vice
teh
re¬
(which
cost
post-war refund of excess profits
and
income and excess
Notes
deposits
are
P. Hacker, Vice
President; J.
Federal
Savings
reserve
for
D. M. Ferry, Jr., Chairman of the
President; F. S. Brown, Vice President and
Bowen,
and
accounts
at
current
inland marine and allied lines.
accomplished in the near future, it
Officers
current
plant
$194,348;
charges,
customers'
Planet
1944
31,
fire,
will be
accounts
$1,192,641;
inventories,
total, $95,689,514.
for
reserve
Tax
organization
on
other
property,
$7,116,453;
subsidiary,
new
a
Directors
•
.
$32,000,000; accounts payable, trade, $10,389,163; accrued taxes, $2,643,173; payrolls accrued, $2,309,807; miscellaneous accruals, $480,895;
Detroit—New Sub¬
•
and
deposits' adjusted
1671.
of
.
1011
$35,840,952;
reserves,
post-war
months.
^30,
Liabilities—Notes payable to banks—Regulation "V" Loan
$2,850,824 $26,900,040 $23,559,511
The company, which is wholly owned by the Standard
except for
directors' qualifying shares, is now licensed to do business in Michigan
member banks.
Demand
details
Insurance.Co.,
$123,000,000 at all reporting member
banks,
Holdings of United States Government bonds
increased $92,000,000 in New York City, $20,000,000 in
the Boston District, and $137,000,000 at all reporting
City
final
Board
Holdings of Treasury cer¬
■
declined
indebtedness
The
deposit.
on
less
$30,323,872;
receivables, $212,093;
deferred
rights, $1;
1944—10 Mos.—1943
Standard Accident Insurance Co.,
:
$329,429;
and
$1,035,056;
and
sidiary Organized—
$3,581,950
■
and
1744
p.
1944—Month—1943
sales—
liet
and
trade,
Govt.,
months.
nine
for
for de¬
preciation of $8,537,018 and less reserve for loss on demolition, disposal
and change in use of property and facilities, and carrying charges on
property held for sale of $1,836,019), $10,193,117; prepaid expenses
Spiegel, Inc.—October Safes Increase 25.65%—
Period End. Oct. 31—
plan,
investment
tax,
8,877,163 287,485,148 274,056,197
160, p. 2007.
| Commercial, industrial, and agricultural loans in¬
$23,000,000 in the Chicago District and $64,000,at all reporting member banks.
Loans to brokers
and dealers for purchasing or carrying United States
Government obligations increased $105,000,000 and for
purchasing or carrying other securities $84,000,000, both
creased
S.
nine
Sept.
Sheet,
for
Credit
aggregate is lower than replacement market prices), less reserves,
$15,721,547; cash and bonds held under Employees' War Savings Bonds
—Jan. lto Oct. 31—
1944
earnings^...
U.
$940,000
deducting
in the
Railway—Earnings-
period—
from
and
and $953,000 for
Balance
hand
on
receivable,
acceptances
,
quarter
§ After
quarter
for
Consolidated
2080)
page
for
agreement.
refund—$324,000
ceivable
000
Holdings
credit
Assets—Cash
principal changes for the
$264,000,000 in loans;
decreases of $436,000,000 in holdings of United States
Government obligations and of $547,000,000 in United
States Government deposits; and increases of $149,000,000 in demand deposits adjusted and $186,000,000 in de¬
!
retirement—$560,000
IBanks
Investment News
week ended Nov. 1: An increase of
1
2115
York.
at
Thermoid
The
Co.—Partial
Redemption—
dies, etc., but excluding de¬
has called for redemption cn Dec. 15, 1944, through
operation of the sinking fund, $65,000 of outstanding 4)4%
first
mortgage bonds due Oct. 15. 1958. at 106 and interest.
Payment will
be made at the Guaranty Trust Co., trustee, 140 Broadway, New York,
1 After
N.
deducting • credit for
company
Y.—V.
160,
p.
1234.
THo Roofing Co., Inc.
'Sales
$3,689,419
Net
profit
.Shares
of
676,028
learnings
______
outstanding--
412,211
462,123
share—$0.60
per
"Including gross income
sidiary finance company,
fees on
service
from
United Biscuit Co. of America
9 Months End.
"
.
directors
Nov.
on
Net
share on. the outstand¬
stock, par $1, both payable Dec. 15 to holders of record
extra distribution was made last year on this issue.
quarterly dividend of 35 cents per share on the $1.40
regular quarterly dividend of 10 cents per
ing
common
Nov.
No
25.
The
usual
holders
to
1942
$2,459,061
2,954,250
1,654,995
$903,068
"
$1.73
$804,066
$1.52
$636,128
$1.16
1943
__________
share
coin,
per.
.
.
interest, depreciation and other charges, but before provision
Federal taxes.
tOn 468,283 shares of common stock outstanding.
160, p.
Co.
the
preferred)
common
stock
or
new
Any shares not
held.
share
each
for
ment for
so
.The
period of 20 days after notice
been mailed to the stockholders, shall
within
unsubscribed shares than-there are
of the
shall
divided-
be
the
in
.
available,, the number,
proportions for which
for-the number of shares'-to. which it is-entitled
ownership of shares at the time of. the offering
subscribe for all shares which are not subscribed for
of its
basis
also
but
10
160,
to
,
stockholders.
other
Other
^-Purpose—Estimated net proceeds of $512,844 from the sale of "80,000
shares of common stock will be available for working capital and
(general corporate purposes.
<•.- .
.. ...
•. .
,
;
Capitalization
Giving
(Before
Effect
to
it
stock
t500,000 shs.
t6,000 shs.
$325,000
$5) ..———I'ty. cumui. pfd. stock (par $100)
—
Real
estate
mtge,
3% (7—payable
quarterly
(par
1,
June
to
1951_>.
"211,576 shs.
$308,250
'
V,
the
shares
80,000
its
pre-war
service under bareboat charter to tlie
war
Nov.
on
.
This,
2.
Government,
160,
1781.
p.
V
V
*
.
Plant
? '.
.
Operating
Other
Prop.
expenses >, —i
operating
Other income
Gross
income
int.-
other
"Advances
to
&
of
Trailer Corp.
Lapeer
manufacture
the
and'
all
of
the
capitgj stock
then engaged in
both of which were
truck-trailers.
In 1931
(Del.),
sale
and
,
of
the
company
Portion
Bal.
to
sold
was
The plant at Lapeer
at Lapeer, Mich.
in
1939.
closed in 1931 and
was
;
.
manufacturer of truck-trailers
in the United States,
Business consists primarily of
the manufacture, assembly, sale and
distribution of truck-trailers and semi-trailers, truck-trailer bodies,
dollies, Truck bodies and cabs for tractors, and trucks.
The principal
types of truck-trailers manufactured are cargo-van, platform, tank,
pole, carry-all trailers, and parts and accessories therefor; but sizes
and
designs vary widely to meet special requirements of the com¬
pany's customers.
Company sells both new and used truck-trailers,
the used truck-trailer business being limited primarily to the sale of
repossessed truck-trailers and truck-trailers accepted as part pay¬
is
Company
largest
second
the
(freight carrying vehicles without motive power)
ment
with
connection
in
Underwriters—The
u&ares
of
of
$7,564,469
204,377
171,808
$1,127,740
$7,360,092
$8,171,247
!
'•
;
Federal
Other
each
has
of
its
Davis
H.
Whipple
W.
Hutton
E.
Co
&
Bacon,
to
agreed
the
of
,•
Oper,
Federal
Other
&
Co._
for
Account
Stated
Periods
1942
1943
$11,096,433
,7,522,760
1,187,672
762,701
850,614
768,391
673,500
650,000
42,677
27,279
200,136
106,700
102,400
$116,146
1,893,975
$48,848
$1,993,451
2,017,563
.9,385,467
sales
Sell.,
.
$1,392,581
10,425,077
„—
870,875
$1,122,588 "$7,795,854
—$1,139,246
income
"Before
$2,066,411 $11,378,918 $11,817,658
943,823
3,583,064
3,805,885
$2,010,121
deducs.
oth.
&
at
branch
any
territory
(Yukon
Bank oi
of The Canadian
excepted), or, at
Commerce
65,945
292,111
$1,107,169
$934,349
$2,391,702
$1,684,175
9,844
21,434
22,757
40,349
393,017
1,520,000
700,009
$417,325
$519,898
$848,945
$943,826
376,836
$1.10
376.836
$1.38
376.836
$2.25
376,836
$2.50
on
:
outstanding
share
stock
per
effect
the
of
possible
the
,
—V.
ih
V.131. p. 1422.
160, p. 1565.
.
United States & International Securities Corp.—Earns.
""
Drl8,658
22,018
8,178
74.019
409,959
.—,.
United Light & Power
Interest
1941'
$969,676
79,347
—
$915,624
$828,872
41,832
—
1942
$879,433
66,153
1943
___—
dividends
Cash
Co.—SEC Bars Distribution—
1944
30—
9 Mos. End. Sept.
11,999
_______
33,235
116,399
renegotiation of war con¬
tracts upon the company's
Income for the six months ended Sept.
30,
1944 and
1943 is not presently determinable, the management
is of the opinion that it will not be material.
Depreciation and amortization charges for the six months ended
Sept. 30, 1944 and 1943 aggregated $489,947 and $482,613, respectively.
the holder's option. In
bank in New York, N, Y.—
the office of said
32,715
taxes
Notes—While
called for redemption on Jan. 1, next, all of its
outstanding first mortgage 5Vu% sinking fund 20-year, bonds dated
July-1, 1938, at 101 and interest.
Payment will be'made in. Canadian
United States currency at
1,420,438
$1,326,119
680,000
Fed.
Income
Net
has
comoany
1,412,312
$1,907,724
118,727
income
charges
Earnings
Hamilton, Ltd.—Calls Bonds
United Gas & Fuel Co. of
The
670,122
$784,715
credits
income
for
Cap.
share,
160, p. 1902.
amounting to $6,297,508.—V.
;
•income
$8,011,773
$7 preferred stock of $14 per
deducting dividends on
737,577
$955,727
exp.
income
credits—Divs
Gross
Prov.
$10,763,488
9,070,184
adm.
operating
Other
(net) 1—
income
int.
2008.
p.
1944—3 Mos.—1943
1944—9 Mos.—1943
$10,157,782 $21,243,257 $18,313,420
8,702.945
17,923.221
15,566,863
30—
——
L
&
gen.
Net
Income
Gross
—
sales
of
Cost
operating revenues,
.—natural gas
Net
corporation's sales subject to rene¬
has found that no excess profits
the Government
that year.—V. 160.
1943
Period End. Sept.
Net
8,116,911
203,000
taxe5:,H^^____
income
for
U. S. Industrial Chemicals, Inc.—Earnings—
1944—12 Mos.—1943
-
1,386,794.
1,517,412
'
Other
54,211
•
-
1,891
-
•
Total
Cost
_______
—
of
$14,056,397 $16,935,732 $13,324,585 $10,467,753
14,071,120,11,207,671
goods sold—
11,830,708
Sell.,-gen. & adm. exps,
909,624
1,188,832
838,714
914,918
Cr2,644
11,089
Cr5,280
25,285
$1,318,708 ,,$1,664,690
$1,283,480
$854,787
57,531
100,498
doubt,
for
Prov.
notes
accts.
and
Profit
_____
from
8,672,763
Commission has denied the petition
of the' company for permission to modify its dissolution plan so as to
effect immediate distribution to preferred stockholders of 94.52'T
of
the common stock of the United Light & Railways Co., a subsidiary.
This is the percentage allocated to preferred holders under the plan
which has been approved by the Commission, as well as by the Dis¬
'
opers..:^-
106,371
Other income credits
113,650
Securities
The
trict and
The
$1,425,079
income
Gross
$1,773,341
$961,286
$1,341,012
139,697
186,325
193,080
123,024
$1,285,382
835,000
$1,592,015
$1,147,931
$838,261
1,13(,000
785,585
"65,798
income charges
bef. Fed, tax:
Net inc.
Pod.
profits tax-j-_j,
exc.
Credit
Federal
retire;
debt
for
Credit for
12,210
post-warirefv,:;/'
income
• $3,500
165,000
taxd^__
160,
Net
income
Preferred
Common
•
•
,,
'
—
ijli_iL
'
'$368,882s
dividends—^..—
dividends
—
1^706-
_
—r_.
') f'■»
'
•
Trailer Co. of
hove
U. S. Supreme
appealed to the
stock as allocated under terms
-
,
$308,060
-
$329,341
26,355
14,127
52,894
26,355
9 Mos. End.
105,662
160,
p.
1.1781.
'
.
1943
$787,211
—„
1941
1042
1944
$820,628
Sept. 30—
dividends
Interest
80,676
tOther income
*
.
$962,339
115,905
$1,021,365
17,750
115.166
23,010
$927,741
$1,095,994
$1,159,241
Cash
§205,127
478,736
-«
t
^
and
loss
on
107,113
.
'
$867,887
Net, realized
'
realized
Prov.
Other
•
recelv,
§1,693
*
Gross earnings
Provision for income
Reserve
for
Net
1943
1944
$3,520,045
$3,388,482
2,565,984
9 Months Ended Sept. 30—
2,304,168
taxes—j
Prov.
$850,247,
earnings
Registrar—
The
pointed
V.
160.
Chase
National
registrar
p.
Bank
fcr The
,
,$982,660,
-v"llV
,
of
the
Citv
cf
4preferred
1902.
New
stock,
York
,
,
been
$100
•
"
ap¬
par'value.-r-•
for
of
$9,789
•
inc.
r
tSecirrities
Note—In view
investment
$901,227
$706,065
received-as
taxable
dividends.
Reichsmark.balances, net.,
of
9(1;
was:
at
Dec.
in
this item,
As
change
Assets—Cash,
1943,
$837,164;
as
at;
$3,173,481,-
Sept. .70, 1944
securities sold but .not- delivered, ; $5,749$
accrued, etc., $73,642: securities, at4 cost
approximately $32,922,728), $28,912,083; total, $29,-
$755,595;
receivable,
(indicated
31,
value
interest
747,069.
•:
4r
32,319
02,665
preferred stock (no par value; outstanding, 239,200 shares), $23,020,000; second preferred stock (no par .value; outstanding, 100.000 Shares)»
66,000
40,000
$500,000;
115,107
125,783
$968,566
ilCash received
$403,932
.
.gProfit.
,
.
-
v'..;
j
the, corporation's election to be taxed as a regulated
nvcT'piovision for Federal income tax was made
368lki 2
$885,802
$1,197,015
company,
in-1944—V. 160. p.
$660,599
1139,666
110,000
108,900
tax
Profit for the period:
t$534,093
Consolidated Balance Sheet,
scribers
dends
in settlement cf
-.
17,352
appreciation from book value in the indicated
$4,010,645:
1944,
109.862
f
(Loss.r tNot including
for prior years' Federal income taxes not
.
'4,
provision
•'
30,
39,009
105,754
;
dividends. "
taxable
as
Note—The approximate
value of securities owned
$1,052,016
7,705
56,000
-
$617,258
$1,132,868
*12,741
111,921
Fed.
Expenses
„
Net
9,033
$827,019
profit
stk. & other taxes
$830,058
9,612
50,000
j
<$36,782
required.
298
103,225
8,709
102,579
received
141,951
L——_
;
101.654
103.814
contingencies-
Cap.
,
41,000
Liabilities—Reserve
Tubize Rayon Corp.—Earnings—
•■(
j.—1—
expenses
$1,052,314
■'*
$188,070" .f $371,257
,
16,435
$972,009
1,343,984
tax
inc.
Fed.
for
dividends
in¬
40,868.
secur.
684,589
13,229
-
in¬
on
Profits
Sept,
,
$972(727
______
and other tax
stk.
Cap,
:
$872,659
—
loss
vestments
"Securities
Total
Americar-Changed—
Co.—V.
plan.
81,500
-
flVf
.
of Light & Power's
672.
vestments
'See. Trailmobile
been
United States & Foreign Securities Corp.—Earnings—
Cash
$427,556
p.
Net
>1,955
.•••
_______
; Total .income
credit
19,500
148~119
132,293
147,459
—V.
income
Total
plan
however/on
the Railways'
'
"Other
Courts.
of -the
terms
Exchange
'380,300
mooo
Circuit
and
the ground that United Light & Power'3 preferred
holders should get all of the Railways' shares- and the former's com¬
mon
stockholders should be eliminated instead of receiving 5.43'v? of
Court,
cor¬
taxes
result of review'of the
a
realized in
were
traded-in
on
equipment
As
Income
Net
The
deficiency
profits
excess
,
(3)
$1,765,457 $12,822,148
$1,985,935
_•
taxes
Canada'
1941
$14,044,398 $16,927,553 $13,302,566 $10,43ff,412
______
expenses
Prop, retire, res. approp.
currency
—.—Years Ended Dec. 31—
Aug. 31, '44
Net sales
13,333 shs.
'
_
1944—3 Mos.—1943
31—
gas)_
-^nat.
revs.
at
Revenue Department has asserted against
proposed
a
and
gotiation
company
13,333 shs.
■
925,829
Earnings of Company Only
Operating
net-current assets of the Canadian
current rate of exchange, amounted to
to exchange
1944,
30.
above
included
respective period.
of each
Period End. Aug.
13,334 shs.
,
—
945,112
operating
the end
1943.
of approximately $425,000. in Federal
for the years 1940 and 1941, arising:
primarily from the disallowance, by the examining agent,' of losses on
investments in European subsidiaries claimed by the corporation hi
returns as filed.
The corporation has filed a protest, which is presently
pending, against the proposed deficiency.
'
"■r ■ :
poration
income
.
40,000
number
the
from
purchase
_
8 Mos. End.
Profit
and
public
the
to
opproprias.
retirement and deple. res.
and -1943.>>-1After- reserve
1944
$67,449
in
Sept,
At
in
$400,000
and
1944
$198,182
The Internal
(2)
362,434
_____——
revenues——___________$609,877
$7211847
Note—All intercompany transactions have been eliminated from the
consolidated
statements.
The
"Portion
applicable to Minority In¬
terests" is the calculated portion of the balance of income applicable
to minority holdings by the public of common stocks' of subsidiaries at
Net
Net
the
of
$9,916,495
of
reserves
(including cash of $109,317 which is subject
restrictions) and earned surplus amounted to $123,639.
414,426
—:~L__
398,728
6,002
92,500
1,071,450
1,095,082
1,426,248
—
—
——
$230,574
628,454
________
taxes
Property
products.
underwriters
&
Income
•*
new
several
the
taxes
'
1,046,450
1,095,082
2,102,571
Notes—tl)
■'•;
August—
5C0,69>
11,832
185,000
1,427,936
subsidiary,
1943
1944
1.1—
2____^__
of
in 1943.
tAi'ter reserves of $312,603; hi
JAfter reserves of $742,934-in .1944 and
$674,306 in 1943.
KTo become payable within one year.
""Aoplicablo
to uncollected instalment; receivables.
ftOuutanding, 219,0161/;i shares
(pgr $5),
'; •.•-' '
$8,343,055
35,344
$1,263,731
1,291.680
1,167,639
2,379,389
and
1944
to
surplus
follows:
as
are
Paul
which
of
offered
stock
common
shares
such
sale
the
names
2,978,056
2 ;
post-war contingencies &. adjusts.
conv.
5l,2c/c preferred stockyt$50 par)
"After
earned
cons,
Month
$1,163,084
46,657
$1,217,074
applicable
minority interests
acquired the assets, business and good wdl of both of those corpora¬
tions, including the manufacturing plant of The Trailmobile Go. at
Cincinnati,
Ohio,
and
the manufacturing plant - of Lapeer Trailer
'Corp.
credits
$63,838 -in
—i_
Balance
179,198
;.__2_—$12,735,252
Total
3,790,573
1,582,480
(Ohio),
•121,719
-
accounts——
accrued
surplus
3,820,416
491,128
1,159,944
.
for
surplus
1,052,769
$503,000
568,720
1,553,379
»
ttCommonj stock—
:
- ■
904,585
and
payable
Earned
$2,215,853 $11,384,885 $12,133,628
$2,168,316
________
public
deductions
$9,916,495
f
"■
$4,007,016
Co.
f
to'emergency1 .Gov¬
>.> * *■•>)
of;; con tracts^-
account
on
Accounts
Deferred
363,439
531,968
14,434
1
1
;
relating- directly
contracts;
'
ernment
*
4
.
$250,000
Iflnconie and excess profits Taxes Testimated
"?Fedcral normal income taxes—2__:_
1_Balances
1,010,831
1,216,552;
•
Cumul,
.22,842
(net)-
86,134
4
293.224
...
$^12v785,252
accounts_l..t22_
accrued
payable and
Capital
1,916,978
Trailmobile
111,285
.
■■
payable, "banks——2—-I™——_U2-
$2,201,419 $10,852,917 $11,770,189
$2,145,474
revs._^
$4,499,149
The
17,424
77,100
155,751
2—'
12,244,982
11,846,378
2,736,756
2,763,448
approprias.—
expenses—,—^-
of
;"
T
.
.
—'^L-—V-L —2224—4
•
Reserve
revenues——___—
.stock
>
'
'Liabilities—■'*
depl.
&
operating
from The Trailer
•Co, of America Oct, 26, 1944.
Company was incorp. in Delaware in
■3,928.
Main
manufacturing
plant
is
located in Cincinnati, Ohio.
'Company acquired, at the time of incorporation, all of the capital
i
17,106
74,300
Government -contracts.^—>
-
•
i.
retire.
•
•- 1944?—12 Mos.—1943
$11,918,821 $59,969,956 $55,245,516 >
5,644,970
4,868,982
22,726,050 20,325.291
980,609
9,834,836
6,068,146 '
1,599,543
1,131,055
4,703,775
4,836,908
1,095,851
;
taxes
taxes
reserve
.
and Business—Company changed its name
Total
$13,249,286
operating
History
18,715
'
goodwill, etc.—
Patents,
•1944—3 Mos.—1943
r
Period End. Aug. 31—
Operating revenues
Total
»
property:
§Other'
-
Total
provides
101,509
25.813
•
'
now
Agreement
Loan
V
49.128
60,057
V
'
receivable,
4Account
...
for revolving
Regulation
434,511
'
'
(par
Loan—The
'
■
at cost—2———— •:
Sundry investments, at cost.—...
Investments;in European'subsidiaries, at nom¬
inal value
———..
Notes
.WV"
:
,fund credit up to $9,000,000.
At Dec. 31, 1943 and Aug. 31, 1944,
,the notes payable under this agreement were $5,000,000 ancl $7,830,000,
respectively.
The maximum amount outstanding under this agreement
has been $8,910,000,
which is the amount outstanding, Nov. 4, 1944,
V
44,998
619,055
contracts..—
employees, including expense- fundsi_
on leases, contracts;, ,etc._i—
from
Mortgages
claims .by the
all
covers
sum
66,527
1,448,228
«
charges:
Government
462,874
670,495
,
cost___-^_—
and deferred
Deposits
to pay this company
ships through enemy
agreed
United Gas Corp*, (& Subs.) —Earnings—
$100) and 249,000 shares were common stock
(no par), into 506,000 shares of which 6,000 shares are 7%- cumulative
preferred stock and 500,000 shares are common stock and the 105,788
issued shares of common stock (no par) were reclassified and changed
into 211,576 issued shares of common stock (par $5).
stock
preferred
of
Due
548,008
455.804
".
—_
other
Accounts
3,765 shs.
offered. tAs of Oct. 26,
1944, the authorized capital stock was increased) changed and reclassi¬
fied from 255,000 shares of which 6,000 shares were 7%
cumulative
include
not
"Does
four
.
Government
receivable————.
at
718,433
1,215,753
,
U. S.
Government-
U..S.
,
Net
——V'
of
loss
announced
was.
Net
Outstanding
the
for
,
including allowance for,actual loss through delay in payment,
in accordance with rules of the Advisory Board oh Jtist Compensation •
appointed by the'President, WSA said.
' ' '
1
The vessels, which were 'all".under American 'flag'registry," wfrre the steamships ."Metapan," "Parjsmiha/,'' "Tivives" and "Sixaola,"
All
were built in Belfast/Ireland, in the period 1909^i9Il,' and had "dead¬
weight tonnages ranging from 4,081 to 4,911.'
Each ha,d 13-knot speed
and the "Sixaola" had accommodations for, 97 first Qlass p&ssengers.— •,
Financing)
New
Authorized
Common
accounts
2,989,739
Gov¬
emergency
.
reimbursed by
Inventories,
;
.
.
Shipping Administration has
action- while in
Federal
•';
be
to
913,255
1,633,564
.
3,072,178
to
(restricted)
Amts.
holders of record Nov. 24.
and Sept. 10, last, which
pp. 1672 and 472.
directly
contracts;
.Accounts receivable,
.
owner,
to subscribe
the
War
$2,150,000
descriptions have been received from stockholders regardless of their
existing holdihgs.
The Columbia Terminals Co. ha& undertaken not
by
to
9
June
on
1939.—V.
Ship Losses—
a
shares .available
on
made
Sept. 3,
Cash
share
per
.Account
of the right to
subscribe has
be available for
purchase by stockholders who desire to purchase more'of the new
stock thus offered than the stockholder would be entitled to subscribe
for on the basis of his stock ownership,
exclusive of. the Columbia
Terminals Co., which is the largest stockholder and which has agreed
not to participate in such over-subscription.
The, Columbia Terminals
C.o. has elected thus to refrain from subscribing for any. part of the
chares which may remain unsubscribed for- after .the original offering,
in
order that
the remaining stockholders, may. purchase, additional
cjiarcs if, they so desire. In the event there/are subscriptions for
only
payable Dec.
were
since
cents
25
United Fruit Co.—To Receive Payment from Govern-
,
common-stock at $7
of
subscribed
of
first
of
dividend
a
Prepaid
existing stockholders 40,000
Each stockholder (whetheris entitled to subscribe for .1857 of a share:
is also offering direct to
per share.
company
common
more
payments
the
were
declared
6
150,000
1,853,867
receivable,.—:
relating
$627,070
*
398,413
receivable—^——_
accounts
Inventories, at cost .or lower—
(par $5.)
The
shares
of
Similar
Nov.
stock,
Sheet
Balance
Sept, 30, '44 Dec. 31, '43
accounts
Balances
on
common,
Sept. 30 were
at 'cost—J.—■
S, Government securities,
tOther
1025.
directors
the
on
offering at $7 per share 40,000
are
stock
The
Whipple & Co. and W. E, Hutton &
shares of common
Davis & Co., Bacon,
Co.
H
Corp.—Report—
and
.
ernment
Stock Offered—Paul
Common
—
three
the
for
$1,064,040
U.
United Electric Coal Cos.—25-Cent Dividend—Trailmobile
earnings
Consolidated
"After
—V.
-
nine months ended
published in the "Chronicle" of Nov. 6, page 2008,
The
$864,302
"Instalment
for
873.
p.
228,174
$901,590
$1.72
160,
15, 1944.
and June
&
tax-
profit
tEarns,
payable Dec. 15
preferred stock, par $20, was also declaied,
of record Nov.. 25.—V, 160, p. 1234.
-
convertible
1941'
$3,857,318
3,349,250
inc.
1944
paid
was
cents;
15
15,
payable Dec. 15 to holders of record
on June 15 .and Sept, 15, last,?■ as
Payments in 1943 were as
15, Sept. 15 and Dec, 15, 20
par-$5,
March
on
of 20 cents per share
dividend
a
United States Hoffman Machinery
-
Assets—,
cents and
extra dividend of 10
declared an
6
profit
exc.,
Extra Distribution—
Fed.
March
declared
2.
amount
cents
each.—V.
cents
(& Subs.)—Earnings—
stock,
like
A
15
Dec.
Nov.
on
common,
1.
against
follows:
$4,250,840
for
Prov.
■The
Sept. 30—
"Profit
directors,
the
on
by presenting them, at The Chase National Bank of the City of New
York, trustee, 11 Broad St.,- New York. N. Y.
See V. 160, p. 2008.
$252,245
462,126
462,126
$0.51.- ,
$0.49
operations of a sub¬
$263,817
$303,638
___
stock
com.
$3,037,794
'
618,903
366,663
$3,-725,665
.785,596
481,958
—
profit aft. chgsi but bef, Fed. taxes
Reserve for taxes, contiirgencies, etc.
of first lien
Holders
Dividend—'
United States Graphite Co.*~r20-Cent
The
and refunding 5 Vs 7" gold bonds, series A and
series B, recently called for redemption on Dec. 1, 1944, and Jan. 15,
1945. respectively, may obtain immediately the full redemption price
($102) plus accrued interest To .respective redemption dates thereof,
Oct. 10, ?42
Oct. 9, '43
Oct. 7, '44
Transit Co.—Redemption of Bonds—-
Twin City Rapid
Earnings—
(& Subs.)
'40 Weeks Ended—
the
Monday, November 13, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
2116
'
•'
'
•
,
'
par
taxes
and
accrued
exnenses,
$64,700:" first
(set up out of amount paid In cash by sub¬
preferred stock). $5,191,943 (after deducting divi¬
first'preferred stock of $717,600); common stock (no
outstanding, 2,485,543 shares), $24,855; operating surplus
special reserve
second
to
paid on
value;
since
for
Dec.
31,
Note—On
indicated
693,014,
1943,
$45,571;
total,
$29,747,069.
.-
30. 1944 the net .assets;of the corporation ,had an
based on market quotatfons, of approximately $33,-
Sept:
yalue,
which
is equivalent
to approximately $140 per share of first
'
: v1'
preferred stock,—V. 160, p. 1445.
.
Volume
160
United
THE COMMERCIAL &
Number 43331
-
Stockyards Corp.*—Acquisition—
proposed
1
ICC
on
Oct. 21 approved the acquisition by the corporation of
control, through stock ownership, of the Milwaukee Livestock
Handling Co., the Fort Worth Livestock Handling Co., and the South
San
Francisco
The
road
Livestock
Commission
properties
Handling
Co.
the purchase.,by
also
approved
V.
the
Milwaukee
Stock
United
rail¬
the
of
amounts
Yards
bonds
of
Trust Created To Hold
—
trust
a
trustee
of
which
under
securities
of
the
Guaranty
Universal
the
of,New
Co. of
Co.
Trust
Products
Oil
trust, known as The Petroleum Research Fund, ♦as set up to
administer the gift ftiudc by-a gyoup of oil companies owning securities
The
and development enterprises■
V.\\t •'"'•.
«v"
•.
'The management
and operation of Universal will be under the
direction of a board of directors to be < appointed by the Guaranty
Universal,
of the leading
one
research
of khe country.-:
i
New York
Trust Co. of
trustee.
as
'
'
'
net profit
Society
from
used
be
to
Universal will
for
of
purposes
to
flow
American Chemical
petroleum and
the
research
field," Dr. Midgley said.
"The Society will have no obligation insofar as the management of
Universal is concerned.
The Society, on the other hand, will have
absolute discretion in the matter of selecting the research projects.
The Society can withdraw at any time it» feels that it should not'act
further and it can then disclaim any innterest in the trust."
-
donors
Shell
are
Standard
Oil
TexaS'Co.
and N; V.
The
Co.
donor
Oil
•
-
160, p.
offer
their
1
issued
to
cover
RCC and
A.
C.
the
9 Mos. End.
issuance
■
to
be
'■■After; all
t Adjusted.
-
of
in-1943.—V.
1944;
160.
$125,000
1782,.
p.
-
profit-sharing
as
a
the
i
Federal
and
,n\'>944
taxes....
:,
the
during
period
same
.
^
income
Earned
—V.
'
erty
$2.21
of
.
claims
against
The
supplemental
The
-$18,262
plan
-
should
not be
Under
the
of
number
$0.87
j$2.33
the Western
Pacific RR.
creased
new
/
states,
from
provides -that-
to
19
articles
11;
would
of
it
scrip cer¬
be
The
capitalized
plan
reorganized
authority
-■•*'
•
■
stock
be
-
be
would
company
issue- would
to
securities..-',4
provides
follows:
as
Common
♦As
5%
;1
(no
.
the
be
to
of
to
other
of
that the foregoing
the
nearest
shares
of
stock
common
■
of
the
plan of the
reorganization
shares
of
shares
424,380
the
the
of
to
V:ith
*
'df
the
.
plan
the
$21,219,000
of
approved
Finance
the
•
general
issue
of
Corporation
reorganization,
of
ning,
the
to
manufacturers
of
blankets,
the
.
suits
H.;
U.
S,
and
at
to
the
and
coats
at 40
is
company
Dj'eS,
foreign
of
the
be
reserved
the
Nov.
stock
1,250
Nov.
on
stock,
This
20.
par $10,
1st
1943,
the
of
payable
and
.the
10,000,000
'
months
6.
amd
■
.
.
mortgage
.
the
cents
1,
May
.
entire
securities
ended
30
sale
for
1944,
each
was
York
First
and
6hase
-
1
share
then
National
(at
for
reserve
Federal
30, 1944
:
Federal
State
Provision
for
income
in
Withheld
tax
/
taxes;
from
•
'
2,000
W.
Clucas &
Co,__
B.
F.
-•
S.
Emery
capital
but
stock
($1 "par
surplus
—!
not
deposited
returns
-
&
for
doubt,
of
to
in
the
first
'
eight cents
asset
value
...
loan
of
$50,000
160.
inven.
(F. W.)
1
Woolworth
.
nine
months
per
of
2d
on
Sales_l
—V,
—„
^0-
,1942
,
,.
>941
'
'• < '
$12,921,307
,
11,455,019
475,740
499,39.0
$2,530,614
$2,247,316
$956,896
10,000
128,555
141,230
$1,998,709
$2,659,170
$2,388,547
$1,101,362
84,883
48,845
24,281
144,465
.'—idiiA
232,500
306,501
388,640
1,250,100
1,513,980
1,067,902
.
284,409
.
78,319
for
200,000
stock
it
51
cents
200,000
,
30,
/'
,
i(-,.
•
Co.—October
'
■
-
39.788,198
.
160, p.: >674,
1st
pref,_
pfd.
stk—
$485,915
stock
f
$753,805
8,750
$683,160
$514,352
8,750
8,750
8,750
27,500
15,000
*140,000
135,000
55,000
30,000
including stock dividend of $1,250,000.
tion
of
Government
"
contracts.
Balance
per
-
,
•,•
.
"
70,000
v
,
/ Note—The .earnings for
the. year ended Nov. 30, 1942. reflect a
subsequent adjustment as a result of agreement reached in renegotia¬
'
.
■.
'
common
share paid on-June 3.0,
the
3944, has since
Assets—Casli oh
Government
notes
hand
and
and
Aug.
31,
1914
demand dfeposits, $870,295;
bonds,
$1,499,000;
-
,
.
Sheet,
Accounts
investment1, in
receivable
(net),
current'assets, $5,893; fixed
assets
(less reserves for depreciation $2,141,246), $lf459,304; deferred
charges, $44,064; other assets, $589,340; total,. $8,981,983.
•
<>■
$1,622,652;
inventories,
$2,891,435;
other
.
.
-
Sales
/' 1944—Month—1943
$
1,000
30,194
—
7%
on
*Not
the
of
1
outstanding at June
' ■
•
■
*
-Years Ended Nov,
1943,
.
>•
••
losses-^;
on
Liabilities—Notes
<
Period End. Oct. 31—
.
Income
of
461,512
taxes.,/
taxes-9'
Divs.
$1,525^961
2009.
p.
&
—
66,463
Divs.
135,849
;
_
off.—V.
-
$1,932,246
reserve
Net income
427,186
„
paid
j.
—
1,000
1,000
,388,339
;
prof,
exc.
future
,
been
Co._i—
Co——-,.' 1,000
.
1
income;
^Fed,
or
16.9%. '
:
'
; -s
1,
1. •,
,.Net. profit on sales of securities realized during /the nine months,
totaling $81,899.19 after provision for taxes, was credited directly to.
surplus.
The .bank
Statement
-
accts,.
income
Approp.
430,086
—/•• •
14.3 rk,
the
&
473,787
thus, realized
in
Johnson
Co.
2,000
deductions—
$3.44
the appreciation
Gradison &
D.
H.
.Win. C. Roney & Co
Victor, Common, Dann
2,000
disc.,
Income
■
Sept. 30,
or
W.
R.
2,000
2,000
1,000
1,000
—
6,208
:
J——
asset, value
2,000
;
_
•
—
allowances
Gross profit
Other income
1944, the -hcT asset value per share of stock
computed, as usual, on the basis of current
prices for security holdings plus brokerage on the same.- The, apprecia¬
the
ish
$13,656,2.28 $19,389,504 $16,876,569
goods Sold——
11,335,642
16,397,377
14,153.511
Of
Prov.
3,218
•'
!_
value)____—
is 43. cents per ^hare,.
Giving effect to dividend
Burgess & Leith_—
Friedman, Brokaw & Sam-
*
Sell„vgen. & adm. exps,
with the
/
_
of
l,5QO
1,500
Gardner—■
&
2,500
2._
Federal
V'
:
<
accumulated since Dec. "31. 1932—1—"
in value of marketable" securities——_
was
1,500
Fahey, Clark & Co.—
3.000
Co., Inc
sales,"less
Total
'
Notes—As
2,000
2,000
Reinholdt
Aug. 31, '44
352
appfec.
outstanding
Co.—
&
4,000
& Co.___—_
Divs.
Total
Rice
4,000
.
Farwell, Chapman & Co.
privilege
—
State——
—
surplus;
2,000
California—
522
—■
from
of
Bacon, Whipple & Co
9 Mos. End.
10,075
stock——.
Wisconsin
of
..
stockholders
received
2,000
4,000'
Bonbright
&
F.
Co.
Singer, Deane & Scribner-
Comparative
26,400
.
—„—_J
•
'State
Refunds
*
•
Bond & Goodwin Inc.
Davis
Daniel
&
Arnold. InC,
4,000
Tucker, Anthony & Co.-__
Piper, Jaffray & HopwoodDraper, Sears & Co.—
D.
Co.
2,b00
—'-
——
McCormick
63
:
;
1
2,000
Inc.
Weeks—5,000
271
—
State
ap¬
10,281
;
preferred
with
been
has
160, p. 2009.
Pacific
Paul H.
,2.080
-
!
through
'
accrued—
/——
connection
New York
5,000
-
,
-Graham, Parsons & Co.—_
25,000
deprec. of $1,638)
accrued
retirement 'of
payable
Liabilities
dividend
tax
of
Mitchum, Tully & Co.—i—
Hornblower &
$12,215
stock
agent-
■■
8,000
Higginson Corp.—
Cost
capital
Wisconsin
transfer
v-
Kirchofer &
,
surtaxes' accrued—————————
and
agent
City
Jersey
/
Kebbon,
George
-
payable
income
transfer
9,000
160,
Liabilities—
Accounts
of
Bank
1.250 shs;
York
New
par value common stock.—V.
.
451
(less
of
the .City
of
300,000 sbs.
1,250 shs,
Co,
&
market values1,362,650
quoted
Trust
Outstanding
300,000 shs.
'•':■■
Bank
Capital
outstanding.
follows:
as
National
•
Hallgarten &
*'
,
securities
ol
/
,
9,000
Lee
of
published
were
receivable..,_____:
on
1
;
Smith, Barney & Co
Kidder, Peabody & Co.
E.
Sept.
share,
series* A
dependent upon
'v'/
Johnson, Lane, Space & Co.
$1,525,961
1944,
-
of
New
Gross
accordance
bonds
shares
27,
Agents—Guaranty
last,
1,
expenses
assets,
Fixed
$10,000,000
income
not
Company———v 19,000
Hemphill, Noyes & Co
9.000
per
1943 —V.
i
Marketable
319,441
being in
as
20
—
paid on
May
on
brokers)
tion .in
the
is
"
of
Co.———————
(due
res trie-'
is
company
,
$125,227.
interest
of
delivery
t
experi¬
for the ,purposes of .its!
to Governmental quotas!
same
-
New; Jersey.
Shields
.
Cents—
62 V2
2009.
page
,,spin'£
Underwriteis—The number of shares to be purchased by each under¬
writer is as follows;
■
'
•
el
,
indebtedness/ % %, due June lv 1945
year
by
the
of
purchasihg
carding,
and
Governmental
no
business
'
dyes..
the
including
the "sale
subject
its
St., New York, N,; Y-,
from
fabric,
stock (par $5)'.—.
J,.
stk./ 7r,v. cumul. (par $100)
in
The
27 to holders
Nov.
cents
37^ cents
and
nine
Nov.
of
receivable
Accounts
31,850,297
.
Oct,
pfd.
■
Unrealized
,,
34th
wool'and
of
still
are
dyes
pointed registrar of the $5
Bank
682.
p.
demand.
Dividends
21,219,075
——
of
of
Transfer
;
National
159,
dividend of
with 37>6
compares
8,
for
"Chronicle"
Earned
V
*$2,750,050
.
basis
as
Common
Dec. 30. next, 309 shares
preferred stock- at 103 and
year-end
a
manu-»
on
St., Chicago, 111.—V.
declared
common
earnings
Capital
.
.
63.5to
Aug. 31, 1944, the authorized capital stock;
consisted of 15,000 shares of common
stock
(par
shares of 1st preferred stock, ,7.%> cumulative
company
the
on
for
■
interllniims.
and
and
piece goods jobbers.
East
the
obtaining"
in
Stock—As
and
and
suits
$100), all issued and outstanding. On Oct. 27, 1944, the 15.000 shares
of common stock (par $100) were
changed into 300.000 shares (par $5),
not
of
Redemption—
called for redemption
Assets—•
1939,
1/
cloth
integrated
of
supply
however,
uses'domestic
of
use
to the
difficulty
no
women's
plants of the company in Waterville1,
Pittsfield, Mass. and Central Village, Conn.;
finishing
the
to
respect
business.
$100)
creditors
on.
,
the
is maintained
of
overcoat
dyeii}£ and finishing, " and
goods. :;.At present, there are
finished
with
of
Government,
weaving,
tions
the
N.
office
business
materials
raw
under
-
issued
be
financing
\
of net >sales for the- nine months, ended Aug.. 31,
sales to
women's
sales
a
The
which,
issued
be
will
stock
common
Stores, Inc.—Partial
the
cents
creditors
"""i"
par)(shares)_i———i_—__a
court,
of
Capital
payable—banks, $750,000; accounts payable—trade,
$320,275; payroll deductions for taxe».withheld, $32,273/gecrued payroll"and bonuses, $127^09; Federal income and. excess .profits taxes,
$2,118,676; other taxes, $116,785; othexs,accrued 'expense, $55,250; re¬
serve
for future inventory losses, $700,000; 7%
pumul.. 1st pfd. stock
(par $100), $125,000; common stock "$100 par), $i,500,000;
earned
surplus, $3,136,216;- total, $8,981,983^^^ ^60, p. 2009.
./
.
1944,
contracts,
Rochester,
and
general mortgage income bonds.-—V. 160. p. 2009.
So. Dearborn
38
on
Common
of
25,
Me.;
shares.
there will
stock
common
share
a
was
Corp. of, 120,000
share.
These
reduction in number
fraction
four*
per
not represent new
thereof
Manufacturing is done
reduction,
that
'
pf series A bonds to the
lacturers
by reason of ihe
This
1931.
sale
constituted
Company
319,032.767
of
Cash .fimd
de¬
'"it" is proposed that the entire $10,600,000 of series A bonds will be
issued at par to the. Reconstruction Finance Corporation.
Any amounts
of cash paid by the Finance Corporation, for the series A bonds,
in
excess, of the principal amount of the trustees' certificates then outstanding and held by the Fiiiance. Corporation on the date of the
consummation ;of the plan will be-applied hy the reorganized company
fr,Qm time to time to- proper capital expenditures.
By order .entered
Sept.
1944
encing
Plan
cento
stock,
the
piece goods jobbers. During the War, the company has
in the manufacture, for the U. S., Government, under
Approximately 36.6 $
the
determined, is subject to approval by
be
now
made
the
reduction
to
Government
in
court,
the
and
and
engaged
Distributing
is contemplated
U. S. Treasury ctfs.
of
1,000,000
Sepf. 1, 1944, equipment obligations to be assumed
reorganized company ,under the plan amounted to $6,965,400.
•
also
and hence the total number
a
Balance Sheet, Sept.
which the
>.//•
.
Stock..————1-.-
stock
coats
of
cannot
directors have
the
1,750,000,
Equipment obligations 41——
—:
First mortgage 4%. bonds, series A__/..._i——
General mortgage 4 VaVo* income bonds,. series A^—
Prelerre'd
by
Wisconsin Investment Oo.—Financial Statement—-
the capitalization of the
reorganized company upon consummation of the plan'shall be approxi¬
mately
reorganization
of
approved
of
Campany and Business—Company was incorp. May 4, 1909 in Maine.
Company's principal business is normally the manufacture of woolen
fabrics
consummation of the plan of the "proceeds
shares of the company or its subsidiaries under
and
Dividends
the new by-laws
and
the total number of shares of
in-,new
be
may
five
capital
each
the part of the company.
,
be
*which 750,00 shares would be preferred stock (par $100), and
shares would be common stock (no par).
•'
* '
The
effective
date
of
the plan
has been fixed at Jan.
and this date determines the extent to which the claims of
shall
It
with
Prepaid
in part:
may
incorporation
the
of
have
as
of
value
In
of
account
T565.;./;- /.. •'
in
*
!
organized.
company
date
*
report of the Commission
directors
offering therefore does
for the
or
Cruttenden & Co.——
$0.48
securities and
issue of
the
reorganization
of
been
income
its
62Vi
approved the transfer and acquisition of prop-
amended
the
4%%
issued, is also subject to
the
will
and
record
$12,074
./
carried out
either by revesting the former properteis of the debtor in the debtor
company or by transferring them to a new corporation organized for
the purpose, and the execution of the new mortgages and the issue
of the new securities by the corporation in which the properties arc
vested.
The reorganization ■'■committee, with the approval of the court,
has determined that the debtor company,, after appropriate amend¬
ment of its .articles of incorporation
and adoption of new by-laws,
should be used in carrying out the plan and that a new corporation
-
number
company has
share
248,317,
201,817
'
its
to
enable
have
dividend
par
24.
shares represent holdings of 10 individual stockholders
who have agreed to sell them to the underwriters. ,The
stock proposed
common
plan, will result in the issuance only of full
The
tificates and the assumption of obligations by the Western Pacific RR.
The Commission also approved the .-adjustment or compromise of the
claim of the Reconstruction Finance Corporation, end modified prior
reports so as to permit acceptance by thfe RFC of the new securities
distributable to it under the plan of reorganization in discharge of all
of
order to
in
'
.
,
outstanding $5 cumulative prior
dividends.
Payment will be made at The First
;
granted authority for
and
■
Wilson Jones Co.—Year-End Dividend of 62
$43,581-
"
■
Oct/24
on
be
which
court.
The
The ICC
$56 in
adjustments
,
743,412.767 shares of
mortgage
distributive
shares
The
1941
Western Pacific RR.—Reorganization—
<
These
•
no
Nov.
Peabody & Co., and Lee Higginson
($5 par), common stock at $11
first
Wieboldt
Sale—
on
1942
'
237,805
$46,070
_________
368.
and
$41
!
stated
amounts
the
our
in
-;
".1943
.'
257,912
:
share......
per
160. p.
of
shares..
even
the
from
quarterly
a
on
record
shares
:;
..
p.
Net
reduced
of
Hemphill, Noyes & Co., Smith, Barney & Co., Kidder,
amount-to
issued to the
The ICC recently approved the purchase by the
Chesapeake & Ohio
Railway of certificates of deposit representing 5,482 shares of Wheeling
common
stock.—V. 160, p. 2009.
J
'
—
Expenses and
be
the
to be
funds,
issue of Nov. 6 of the offering Nov. 2 by a
banking group headed by Shields & Co. and including
Wheeling & Lake Erie Railway—Control-—
>■»'
$55,738,811 $56,546,669 $35,831,139 $47,425,852
Gross income 'Li.L-i.-~-Z.
/ 303,982
220,079,
260,391
286,386
.
will
include
will
The stock
declared
holders
Authorized
of
End. Sept. 30—
made in
payment, which
to
excess
taxes,
f'
■
t
•
■
,
Weeden & Co.—Earnings—
9 Mos.
Sales.
such
a
of
Chicago,
-
of
general
Marshalling
debtor,
stockholders has, beemj called for Nov. 16 to
consider the sale of transportation-properties and capital stock of" the
Citizens Rapid Transit Corp.
See also V. 160, p. 2008.
meeting
special
of
conversion
contingency reserve in the first
reserved
was
■
11942
Virginia Electric & Power Co.—To Vote
A
bondholders
to
Wyandotte Worsted Co.—Stock Offered—Mention
issued,
holders
the
of
recently
Canadian
2
$4.48
set aside
was
of
existing
the
from
1941
$664,349
$4,21
'/"f-■
amount
months
nine
$622,668
charges/ depreciation,
/
Note—No
V
$3.81
only
application to
in
tl943
James Co.
in
shares
of
,
$564,818
be
to
A.
account
total amount of $250.
together
1944
share.
series
the
issued; 230,184.767 shares will be issued
10
the
$523,051
$3,54
Sept. 30—
com.
stock,
for
or
number of shares to be issued to the RCC,
■../
^
mortgage
Common Stock—Of the
Pursuant
Inc.—Earnings—
♦Net- profits
per
*
to
redemption of scrip.
approved by the court.
of
1782.-
1673,
preferred
was made on or about Nov. 15,
1935, in
The payment was made to the then holder
mortgage bonds of the debtor of the principal
amount of $1,000 each, who had sued and obtained a
judgment.
The
proposed reduction in this amount will not exceed five shares. '-The.-
Universal Paper Products Co.—New Control—
Van Raalte Co.,
present, first
amount
'..'.'See Lily-Tulip Cup Corp. above.—V, 160, p.
of
issued
be
first
plan by the respective amounts
the
of
/
,
the
be
the
to relinquish their
purpose
in
1235.
shares
will
to
the
Earns,
only of an even principal amount of
provided.
These adjustments were ap¬
mortgage bonds, 17,778 shares will be issued to the
Finance Corporation,
2,416.4 shares will "be issued to the RCC, and
2,567 shares will be issued to A. C. James Co.
The stock to be issued
respect
Bataafsche petroleum Maatschappij.
de
318,502
shares
existing
reduction,
principle and appointed a committee to work
out thE,details.
.The negotiations culminated in the agreement creating
the (Petroleum Research Fund with the Guaranty Trust Co. as trustee.
—v.
issuance
denominations
in
Jan.
preceding quarters, a distribution of 6V4 cents per share was made.
In'1643; the company paid the following dividends: Jan. 2 and April 1,
10 cents each; and
July'2 and Oct. 1, 7V2 cents each.—V. 159, p. 776.
$44
,
Inc.,
companies made known
the
and
$31
bonds, series A.
The
number of, shares to be issued to
present first mortgage bondholders
will Include the amount to 1>C
issued to, cover redemption,.of scrip.
The above number cf shares, and hence" the total number of shares
to be issued to all claimants under the plan,. is subject to a proposed
Standard Oil Co. of California,
Standard Oil Co. (New Jersey), The
Co.,
(Indiana),
the
,295,740.6
conversion
holdings of securities of Universal Oil Products'Co. for the benefit of
the
Society at. the 108th National Meeting of the Society in New
York on Sept. 13.
At that time they offered to give all their securities
©f jther.fompany to/the Society.
The board of directors of the Society
accepted
the
the respective amounts of
payable
•issued
the
in
natural gas
The
plan by
directors
share,
per
the holders of existing first
mortgage bonds, 15,788 shares Will be
to the Finance
Corporation, 35,425 shares will be Issued to the
RCC, 37,635 shares will be issued to A. C. James Co., arid the remain¬
ing 424,380 shares will be reserved and issued from time to time upon
'"
'
,
"The
;
the
of
Chicago for the benefit of the American Chemical Society is announced
by Dr. Thomas Midgley, Jr., President of the-Society.
In
the
in
enable
to
in
Of
Universal Oil Products Co.
is
Wright-Hagreaves Mines, Ltd.—Smaller Dividend—
The
proved by the, court.
Company's Own Sharescreation
stated
order
in
160, p. 2008.
York
of
Finance
Corporation, $154,080 will be issued to the Railroad
Credit Corporation, and $163,680 will be issued to the A. C. James Co.,
all as provided in the plan of reorganization.
The principal amounts
to be issued to the- RCC and A\ Ci James Go.' are reduced from the
Co., the Fort. Worth
Stock Yards Co., and the South San Francisco Union Stock Yards Co;—
of
the
to
direct
2117
issued, $19,716,040 will be issued for the account of
existing first mortgage bonds, $1,185,200 will be issued
to-be
holders
the
The
FINANCIAL CHRONICLE
Up 7.1%—
1944—10 Mos.—1943
i
-
-
♦
'
37,144,342 351,167,443 338,804,643
•
•
■
'
;/"
■or!,)).;
Rule
on
which occurred in the
Credit
Oct. 21 temporary
suspension of
Regulation W as it applies to the
placement
or
a
for
the
repair of real
sonal property
to
veterans
of
the
present
business
property.
These
loans
damaged
or
or
re¬
per¬
lost
as
result of the explosions and fire
war
action just taken by the Banking
Board.
Mr. Bell said that the
may be made to veterans under
the provisions of Title III of the
Servicemen's Readjustment Act of
Banking
1944.
on
Oct. 20-21.
Increase Authority of
Reuben B, Hays. First VicePresident of the FederaT Reserve
Bank of Cleveland, announced on
credit
loans
Cleveland, Ohio,
Suspended in Cieve.
of
of East
62nd Street and St. Clair Avenue,
Temporarily
extension
area
had
been
increased
Board
had
by
an
adopted
a
resolution
Elliott V. Bell, New York State
Superintendent
nounced
of
on
banking
State
to
of
Banks,
an¬
Nov. 2 that the power
organizations
make
the
in
this
so-called *GI
York
State
guaranteed by the Administrator
G. I. Loans to Veterans
the
exclude
N. Y.Banks to Make
loans,
I know they
of Veterans' Affairs
to
that
part
of
a
GI
loan
in determin¬
ing their statutory power to make
loans to veterans.
the
to
The .action by
Banking Board applies; both
principal and the second
the
loans
for
struction
the
of
purchase
homes,
or
farms
con¬
and
interest which
banking organizations of New
have
shown
are
in
GI
prepared
cooperate wholeheartedly in
carrying
out
the
program
of
assisting in the readjustment, of
World War II veterans in civilian
life.
Banking
in
position
organizations are
give financial
counsel to the returning veteran
a
to
to
'!llCff> hirm
b\Vn his
and1'$kt himself
convinced
am
Mr. Bell also says:
"From the keen
authorizing
various
types of banking organizations to
and, where possible and feasible,
fully
aware
own
home
in business." I
up
that the banker is
of his opportunity and
responsibility in cooperation with
the
Administrator
of
Veterans*
Affairs to be of assistance to the
returning veteran."
The
Banking
Board's
:
action
takes the form of a new Section 14
to
be
added
to
General
tion No. 9 of the board.
1
Regula¬
'
Texts of President Roosevelt's Final
We give
Speaking from
President Roosevelt,
that
will
greater
than
the
entire
American Expeditionary Force of
force
be
miles
•
shown "no re¬
E.
and
Repub¬
of
President Roosevelt
build "a party
f e n c e between us and
He also stated that "it
would be a sorry and cyfiical thing
i t e
peace."
p
-
to betray
the hope of the world for
lasting peace for a mere political
Advantage, and a tragic thing to
shatter it because of failure of
a
vision."
text of the address,
'The
re¬
as
ported to the New York "Herald
Tribune" by the United Press fol¬
lows;
hoped that during the
of this week I could
have gone in person to some of
the
nearer
Mid-Western
citie§,
such as Cleveland and Detroit, and
I had hoped that I could visit
some of my old friends in upstate
I
had
early
part
New York.
However,
on
ray
return
to
Washington from Chicago, I find
that I am not free to spare the
right
time
now.
Therefore, I am
speaking to you from the White
House.
disappointed about this—but, as I told the American people
when J became President, I fol¬
lowed the principle of first things
first; and this war comes first.
We have all been overjoyed by
the news from the far Pacific, 8,000 miles away.
Never before in
all of history has it been possible
successfully to conduct such mass¬
ive operations with such long lines
of supply and communication.
In the
Pacific theater, even
while we are fighting a major war
in Europe, our advance toward
J
am
Japan is many
that
military operation conducted
a distance is a hazardous
at such
undertaking. In any long advance,
be interrupted by
However, ul¬
timately our advance will stop
only in Tokyo itself.
progress
checks
Our
or
are
I propose
high and serious mat¬
greatly our victory in this war and
our ability to establish a lasting
strated in
the
the Nor¬
more
those
who
know
Us
after
on
to
confidence
.with
future
dent."-'
and
and
demon¬
have
we
' ■ U
plans we
out the
may
setbacks.
success
has been the result
of planning and organization and
building; it has been the result of
the hardest work and the hardest
all that vast
of
mass
of
relentless
ing the Germans with
force.
not
on
maintaining
un¬
have made
shaken that understanding which
must be the core of the United
war
the statesmen of the smaller
false
avoid
can.
we
depression—we
can
na¬
boom like that which
burst
operation—think tions as well as our larger allies in 1929 and a dismal collapse like
:
I
like
Benes
of Czechlo- that of 1930 to 1933.
of the warTaetories, and ships and —men
With continuance of our team¬
Mikolajczyk
of > Poland,
planes and railroads and labor re¬ vakia,
quired to produce and deliver the Nygaardswold of Norway — and work, I look forward, under the
of
democratic
thought leadership of this government, to
right supplies to the right place at leaders
from Yugoslavia and Greece and an era of expansion and produc¬
the right time.
and Belgium and the tion and employmeut—to new in¬
Then think of the tasks that lie Denmark
ahead of us—all the long, tough Netherlands, and, of course,; the dustries and increased security.
I look forward to millions of
miles
of our neighbor
to
Berlin, all the major great leaders
new homes, fit for decent living;
landings yet to be made in the countries in this hemisphere.
I have spent many fruitful hours to new, low-priced automobiles;
Pacific—and you will have a con¬
ception of the magnitude of the talking with men Horn the more new highways, new' airplanes and
job that remains to be done. It is remote nations—such as Turkey, airports;- to television; and mirac¬
still a job requiring the all-out Persia, Arabia, Abyssinia, Liberia, ulous, new inventions and discov¬
made » during • this
war,
production
efforts
of
all
our Siam and others—for all of them eries,
be
adapted to the
are part and parcel of the great which-: will
people here at home.
family of nations.
It is only peacetime uses of a peace-loving
Delays in the performance of
"
through
an
understanding
ac¬ people.
our job at home mean prolonging
The record that we have estab¬
the war. They will mean an in¬ quired by years of consultation,
that one can get a viewpoint of lished in this war is one of which
crease in the total price we must
pay
their
in the lives of our men.
All of
able commanders in
our
this.
the
field
our
soliders and
know
so
we
at home must never forget
it.
All Americans at home are con¬
obligation to our fighting men.
The
America
of
women
most profoundly
are
concerned.
war
than
ever
before,
First, and I think rightly first,
are
those
women
of
all
haye
them
common—that
they
innate
■
this
every American has a right to be
proud—today and for all time.,
and stability, and they look
to America with hope and faith
The world is rising from the
that the great job was
ord to say
done in vain.
do
We
want
not
known.
thing to shatter
tragic
have
aspects
been
this
of
some
it
campaign
than
America-
other
which
Y
have
.we
•
ever
job right, then you and
know that we have kept
can
with ; our
have
faith
them
in
'v
.
there
are
of
the millions
time.
on
expect
to,have
I
black market after another.
one
boys—we
tention
wh(
origin which
uncomplainingly have done the have flooded this country during
job of keeping the homes going— this war—and I am sure they will
the homes with service flags in treat the present whispering with
And,
the
the
finally,
women
windows—service
blue stars
And
or
we
with the
not
do
who
women
with
flags
gold stars.
men
forget
volunteered
have
the
At Boston
.
.
-
in the difficult and
enemy
made
with
charges
wicked
may
be
hope that some
somebody will gain mo¬
or
one
Election Day
approach
we
more
the
the ration mentary advantage.
boards all over the nation, doing
Hysterical, last-minute accusa¬
the job of apportioning the neces¬
tions or sensational relations are
important
of
work
cludes 135,000,000 Americans
determined
that this must
—
is
not
up in an attempt to panic
people on Election Day.
trumped
the
good
My
and my
the
But
people
American
panicked easily.
proved that.
not
This
But I want to recall one visit,
back
a
election
will
are
when I
for
great Amer¬
1928,
October,
in
great American, a
ican named A1 Smith.
Pearl Harbor
And you did
vote for that eter¬
nally "Happy Warrior."
The
Commonwealth
chusetts—and your
Rhode
■
of
,
Island—both
went
Demo¬
before
the rest of the nation did.
And this
year—and I am mak¬
ing no predictions, I just have a
little hope—this year we would
to
welcome into the family
Maine and Vermont.
And
while
I
am
speaking
of
de¬
malignant
not
a
slow, hard slugging match.
winning this war there is just
sure
way to guarantee
the
minimum of casualties—by seeing
In
one
to-it
that, in every action, we
overwhelming material su¬
periority.
We have
—just
one
already sent to Europe
of
our many
fronts—a
American people elect the Repub¬
achievements
of
our
be
American
lican Presidential
choice, the Con¬ farmers, our American business
in the men and our-American labor.
peace.
This is a threat to build
And we all know the record of
a
party spite-fence between us our teamwork with our allies. Im¬
will
gress
not
cooperate
and the peace.
I
do
these
not
who
empowers
to
Certainly the United States Sen¬
ate and the House of Representa¬
have
gress
showed
agree
with the foreign policy of
no
reluctance
to
tives
tion
in
greatest military coali¬
At the end of that
time I
world
In this
connection, in 1928, that
And we first year that I ran for Governor,
from that A1 Smith remarked publicly that
to establish the basis for a strong the Governor of New York does
and durable organization for not have to be an acrobat.
And
-
steadily
world peace.
history.
gone
the Murphys arid
are
the.
Kellys, the Smiths and the
Joneses, the Cohens, the Carusos,
the Kowalskis, the Schultzes, the
Olsens and the Swobodas, and
right in with all the rest of them
—the Cabots and the Lowells.
Now
of
all
these
others like them
of America.
are
They
the hope of
are
U
the world.
.
and
people
the lifeblood
duty to them to
that, big as this coun¬
And it's
our
sure
And there's
for snobbery.
no room
women
and our young
fighting not only for
are
homes
families. They also are
and their
fighting for
where
their
and
existence
their
country and a world
women
of all
a
and
men
colors and creeds can live
—in
and freedom and se¬
peace,
curity.
;
And if we can shorten this war
by one month—even by one min¬
ute—we shall have saved the lives
of
of
some
forts
or
our
young
and
men
We must not let
women.
our com¬
conveniences, our politics
prejudices, stand in the
of our determination to drive
or
our
way
—to
drive
relentlessly
You and I
—
and
un¬
road
!
all of
workers—must
war
-
hard
the
flinchingly—over
to final victory.
us
who
stay
on
are
the
job.
Although victory over the Nazis
and the Japanese is certain and
had
never
our
I
for
ultimate victory
still far from
have
one
moment's doubt of
one
over.
—
the
war
is
There is tough,
hard, bloody fighting ahead.
We got into this war because
we were attacked by the Japanese
all know that—and because
—we
they and their Axis partners, Hit¬
ler's
Germany
and Mussolini's
Italy, declared war on us.
I am sure that any real Amer¬
ican,
any
real red-blooded Amer¬
ican, would have chosen, as thi£
Government did, to fight when
our own soil was,made the object,
of a sneak attack. As for myself,
the
circumstances, I
thing
—again and again and again.
'
under
same
would choose to do the same
And
when
our
enemies
flung
to
York.
the
.
boys
Well, you know I think it is by
a pretty well established fact
that I managed to survive my
four years as Governor of New
now
went 'elsewhere.
tions
over
those
the gage of battle at us we elected
formed with the other United Na¬
speak for the Con¬
in uttering such a threat.
men
all
are
lic office.
mediately after Pearl Harbor we
know
in this0 war, our fine
fighting magnificently
the world and among
Today,
boys
inevitable—and
Massa¬
good neighbor,
cratic in 1928—four years
like
Indians, are immi¬
pure-blooded
grants, or descendants of immi¬
grants, including even those who
came over here on the Mayflower.
here to urge you to vote
Came
contempt.
same
As
those
of
rumors
rI
geneological society-;I think they are called ancestor
worshippers—I said to them that
they knew that all of our people
all over the country, all except the
a
;, and work and speak and worship
President Roosevelt's Address
malignant
the
all
to
centuries.
for
intolerance
races,
tory-
not
do
and
reminded
Our young men
helped them to win a total, vic¬
Then
in New Eng¬
fighting bigotry
land you've been
-
••
the Marines and the Coast
Ghard, have been distasteful to all of us.
This campaign has been marred
nursing services of the Army
and Navy, the Red Cross—serving by even more than the usual crop
in all kinds of places, in and out of whisperings
and rumorings;
of the United States—all of them some
of
these
get into print,
performing functions which 'def¬ in certain types of newspapers;
initely relieve men for, combat others are traded about, secretly,
hundred years, here
make
start that
I
'
i"*..-■•
.
And, thinking back a good maiiy
,
If in the next few years we can
because of the failure of vision.
There
to
an
the
work.
life.'
will be to try is, there is no room in it for
racial
or
religious intolerance.
jgnd to build for a better
work
a
boys
our
America which
is headed for another war in an¬
back to
come
thing to betray this hope for the
of mere political advantage,
sake
;
,•
of the past, the world is
turning with hope to the future. other generation.
Our post-war - job
It would be a sorry and cynical
agony
who have gone
into the Wacs and the Waves and
later rec¬
do not want the
We
in
for
yearn
and
Today women are playing a far
direct, more personal part
more
in the
their
and
peace
cerned in this—the fulfillment of
an
And
do
And
And
sailors.
problems
yearnings for freedom.
in Europe. We expect
against bitter German resistance,
the Allied armies
are
steadily
moving forward, wearing down
the German fighting strength in a
have
extent—"a menace to
some
the liberties of America."
a post¬
provide; V, And all the bigots in those days
i v
employment for our veterans and- were gunning for Ml Smith.
Religious intolerance, social in¬
Nations.
Y' -Abur war workers—we can achieve
tolerance and political intolerance
It is heartening for me to have an orderly reconversion.
/• ;.v
known and to have talked with
Above all, we can avoid another have no place in our American
depend
peace
that campaign of 1928, let me re¬
happen again—the disastrous mis¬
on
a
basis of
takes of the past shall not be re¬ cided
mind you that, having nominated
It will A1 Smith for the second time for
to keep striking, (to keep the en¬ peated—that this nation shall be muraiurings—or shouts.
of the the Presidency, I was then run¬
committed to play a leading part be settled on the basis
emy on the movef to hit him again
world organization which record.
and again; to give him no rest and in a
ning at his request for the Gover¬
to drive through to the final ob¬ shall be strong and effective and
We all know the record of our norship of New York. And people
enduring.
military achievements in this war. were then — even then — saying
jective—Berlin.
We have been told during this
In Italy, against the hahdicap of
And we all know the record of that my health would not permit
tremendous
rugged mountain obstacles and political campaign that, unless the the
production me to discharge the duties of pub¬
do
winter lull
still
then—as unfortunately it
is to
one
fighting of which our people are
sities
of
life
equitably among
capable.
On the other side of the world, their neighbors, rich and poor.
in Europe, the Allied forces under
Every one who has made a sac¬
General Eisenhower are pound¬ rifice in this war—and that in¬
We
racial
which
intolerance
religious
was
this-war;sV:,,,v"
By carrying
1928 I talked about;
in
ton
continuance of the
the
that
■'v\
■
And when I talked here in Bog-
.:s
,•
evident that you don't
perfectly
friend Mayor Tobin
old friends of Boston;
propose to answer
in
This is not my first visit to Bos¬
women
who have gone into war kind.
ton. And therefore I shall not re¬
industries. They are greatly re¬
The voting record proves that view
my previous visits. I'd have
sponsible for the fact that the mu¬ the American people pay little to
go on talking for several days
nitions and supplies to our men at attention to whispering cam¬ to do that and radio time costs a
months ahead of
the front have gone through to paigns. They have paid little at¬
lot of money.
pur own optimistic schedule.
But we must remember
any
These
the
faith.
'
teamwork
landings in France last June
material for
threatening to
s
tion for peace.
the
built
which
.
■
-Dewey
licans
have to be an acrobat to be Presi¬
how
weeks
the
Think
Governor
other
tory, and which kept it supplied,
is an America which can look to
ters
vehicles.
and
Thomas
timely death he remarked to me
in my office in Washington, "It is
war
100
beaches nearly 2,000,000
than 2,000,000 tons of
supplies and nearly half a million
accused
he
Within
men,
Administra-
tration,"
are
mandy
foreign
the
policy of this
by President
machine in all his¬
greatest
about
and
France
in
the Allies had landed
with
agree
■
first
to
luctance
now
miles in Italy.
has
Congress
troops
fighting along a battle line of 300
as¬
that
serted
American
1918.
"no lull in the
fighting"
almost
they passed
Connally and Fulbright reso¬
lutions which pledged this nation
to cooperate in a world organiza¬
year,
the
America
The
this Administration when,
the White House on Thursday night, Nov. 2,
after reviewing the successful progress of the unanimously last
pre¬
there
Major Campaign Speeches
herewith, for the record, texts of the final major campaign addresses made
Roosevelt, who was elected to a fourth term on Nov. 7:
en¬
and
dicting
war
.
Monday, November 13, 1944-
THE COMMERCIAL & FINANCIAL CHRONICLE
2118
on
not
many
months before his un¬
fight
them
in
the
way,' which meant that
after
them
—
and
Americap
we went
we
started
punching, and we are still punch¬
ing; and we have driven our ene¬
mies
into
their
own
corner.
Well, this is like a sport in the
Navy called a free-for-all. One of
the tyrants, Mussolini, has been
knocked
the
out
others
for the
are
count.
getting
and groggier every
day.
And
groggier
Volume 160
We
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
they promise that if elected they
we
this
war
..
history
will
than
for
What
it
Our
war production; started a
and a half before that, was
foiling toward, the gigantic vol¬
ume
of
output that has been
year
,
.achieved.,
Our Navy was
building. For the
first time of any length, since 1933
It had been building. It started to
<
build
again
up
and
—
we
know
"Why it went down—when I first
PWA
used
start
employment funds to
naval
a
included
that
building
*
program
first modern
our
'
carriers.
•
•
of brings to my mind
sor fc
;
•
One
-
day
most
way
patriotic Republicans
that
try.
•
:
'
.
important—spiritual pre-
more
paredness.
American
The
people
were
ready for it. On the day of Pearl
Harbor they rose up as one man
all
in
fifty mil¬
go to the
see
voters
to tell
of
better
a
boys overseas that
our
fighting
you
heard any talk of
sweeping out any of these laws or
sweeping but any of the agencies
habit
Administration
made
has
That I freely assert, as¬
Never have
ization.
inexcusable
we
mistake
—
.
made the
know
we
of substituting
talk for action when farms were
who have
thank
God
that it
Cannot
be
charged that at any time, under
any circumstances, have we made
with a mighty shout — a shout the
mistake
of
forgetting our
heard
around
the
world — the sacred obligation to the American
shout of "Let's go."
people.
■
•,■ -7:"7
;./7.7
And we went!
And, I might add, never will we
Everywhere I go I find that the make that kind of mistake.
American citizen is doing some
Is it conceivable to you that
hard thinking, some hard think¬ this Administration, with its rec¬
ord
of
very
ing these days about what sort of
deep concern for
government he wants during the human welfare, could ever be
guilty of neglect of fhe welfare of
pext four years. '
V r
The memory of our people is our fighting men?
When your son, and my sons,
not short, The years from ,'.1929 to
.
the
old
an
said that
"the
are
seizing control
Deal, through which
New
they aim to control the Govern¬
ment of the United States."
However,
that very
on
same
that, with Republican victory in
November, "we can end one-man
government and we can forever
the threat of
remove
monarchy in
the United States."
Now, really—which is it—Com¬
or monarchy?
munism
think
historic
that
job
ture
we
of
by
The announcement also says:
An Important part of the mis¬
ment pf generations yet unborn—
sion's
the very judgment
I - believe
that
with
of God.
Americans
work
the i
will
be
connected
development of
sea¬
a
port to be constructed by a pri¬
will want the peace to be built by
who
needed
resources
the United Nations,
who have fought, who have fought
and died,, in this war — the judg¬
we
supplies, and to de¬
war
velop other
United
vate
States
contractor
have
shown foresight
under
the
supervising of the
hindsight.
Bureau of Yards and Docks, of the
;■ Peace no
less than war, must United States Navy, U. S. Govern¬
offer a spirit of comradeship, a
ment funds advanced for this pur¬
spirit of achievement, a spirit of
pose are to be repaid by the Gov¬
unselfishness,
and ^indomitable ernment of Liberia from com¬
will to victory.
mercial port income. The mission
We in this country for gen¬
will be concerned with coordinat¬
erations have waged war against
ing
port
activities with other
the wilderness—against the moun¬
plans for aiding Liberia in the;
tains and the rivers
against development of its resources.
droughts and stors. We waged war
The seaport is to be constructed
against ignorance, against oppres¬
in accordance with an agreement
sion, against intolerance.
between the United States and •
We waged war against poverty,
Liberia, which gives the United against disease.
States the right to establish and
Why,- we fought the Revolution¬
operate naval, army and air in¬
ary War for the principle that all
stallations "for the protection of,
men are created equal —and in
strategic
interests
of
the
those days we pledged "our lives, the
rather than
—
,
day
that
very
same
candidate had
spoken in Worcester and he said
have
fortunes
our
and
United
sacred
our
of America in the.
States
South Atlantic." Under the agree¬
honor."
This war, which we are now ment, the United States "under¬
fighting, has been an interruption takes to respect, in the future, as.
in our forward progress, but it in the past, the territorial integ¬
has also opened a new "chapter— rity, sovereignty, and political in¬
a chapter which it is now for us,
dependence of the Republic offor
H..A i [j p i"* I
living, to begin.
us
"
Earl
.«1
..
.
Parker
hundred and fifty-five years,
and if this, if this were a banquet
Hanson, FEA spe¬
cial
representative
to
Liberia,
try will have the greatest mate¬
will head the mission, which will
rial power of any nation in the
include several Negro professional
world.
men on its staff of agriculturists
It
will
be
a
clean,
shining
Mr,
America—richer than any other in and other technical experts.
skilled workers, in engineers, and Hanson is well known as an en¬
farmers, and business men, and gineer, explorer, geographer and
author.
In 1931-33, after three
scientists.
It will be an America in which years in the Atacama Desert of
hall instead of
there is
I; do
both
not
this
in
we
No,
ism
we
nor
live
could
country, even if
wanted either—which
—
being foreclosed, homes were be¬
ing sold at auction, and people
were standing in breadlines.
I
of mine—he
Communists
of
Oh, no, oh, no, on that subject
the
Republican
politicians
are
very uncharacteristically silent.
This
mouth.
rectly, that happens to be
laws?.
these
amaz¬
a Re¬
publican candidate said—and, and
pardon me if I quote him cor¬
Have
administer
sides of the
people
Speaking here in Boston,
■
that
both
doing
shall be standing before a mighty
bar of judgment of all of those
men
could not find
we
ing demonstration of talking out
some
far
vote
•
ing, have you heard one word of
specific - criticism of any of the
progressive laws that this Admin¬
istration has
proposed and en¬
acted?
i :7
'77 '■ ;
waters.
*
history.
hoping to
Just the other day you
here in Boston witnessed an
hope my friends of the
press will not change that to ad¬
mit.
77.'.'
'
But, my friends,. I think it is
a pretty good batting average. Our
mistakes have been honestly made
during sincere efforts to help the
great mass of citizens of our civil¬
But, in addition to our physical
preparedness, we had, something
biggest
the
In
a
But,
despite these
campaign
promises of wholesale houseclean-
sert—and I
\
for
turnout next Tues¬
a
the country that they are
for is still going strong.
could be found in the whole coun¬
mistakes.
•
And
..
of those carriers, by the
that you have heard of; au¬
ten years ago, was the
Enterprise, a. name well known
throughout New England, an orig¬
inal Enterprise being the hero of
the War of 1812; but this new
Enterprise, a grand and gallant
ship, has covered herself with
glory all through this war and
was in there fighting last week in
the great victory
in Philippine
■■
of
And I'm
ministration the most efficient and
thorized
'
way
And it would mean, among
way,
'.<■
.
American
be,
time
to get it
in
is by means of
Whether I win or lose, I
want to see
.
is
it
the
democracy
votes.
job that would be! What
a
would
if
—
r-
that housecleaningj:
other lion American
things, sweeping out with my Ad¬ polls.
previous
any
And it
"outs" always say.
say
better prepared for
were
history.
day of Pearl Harbor, for
example, the day before the dec¬
laration of war,
we
had more
than 2,000,000 men in our armed
'forces,'
■*, '
;
■,:
that that's just the thing that the
^
On the
,
this
once
in all our
war
change
cleaning in history.
long¬
again along the paths of freedom
and peace,
I think that
that
Well
would institute the biggest house-
made happy by the fact
are
that the Italian people—our
time friends — are started
2119
we
want neither Commun¬
monarchy.
We want to
our • Constitution,
we
under
want
Constitu¬
live under the
to
tion which has served pretty
for
we
do not.
well
a
ball
a
that
propose a toast
park I would
will con¬
we
tinue to live under this Constitu¬
for
tion
hundred
another
and
At the end of this
a
war
this
coun¬
Chile and work in the north
genuine partnership be¬
tween the farmer and the worker
the Greenland
and
route to
the business
there
man.
abundant
are
which
In
jobs
scientific
and an
on
Iceland aviation
-
Europe, he conducted a
survey in all parts of
.
fifty-five years.
expanding
the
of peace.
economy
Amazon
basin
for
the
Car¬
.
thoroughly and grimly
by millions of our
citizens, by workers who lost their
jobs and their homes, by farmers
who lost their crops and their
farms, by families who lost their
savings. :•
But, since those dark days early
in 1933, many fortifications have
been built to protect the people
pf this country, just as we prom¬
ised that there would be.
.1933
are
•remembered
from
home
come
the battlefronts
—and they'e coming home just as
quickly
this
they
as
for
needed
the
are
no
essential
longer
job of
going to see
that they have work—honest, selfrespecting jobs.
We are going to see to it that
those of them seeking farms, for
instance, get a real chance to set¬
tle on land .of their own.
>.
We are going to see to it that
those who hope to establish busi¬
What
kind
of
fortifications?
nesses have a legitimate and fair
Well, fortifications for example
opportunity to do so.
have, provided protection for your
The American people are quite
bank deposits and your invest¬
competent to judge a political
ments
your standard of living,
party that works both sides of a
your right to organize unions and
street — a party that has one can¬
to bargain collectively with your
didate making campaign promises
employers.
of all kinds of added government
Your fortifications protect your
expenditures in the West while a
"soil and rivers and trees, your
running mate of his demands less
heritage of natural resources, They
government expenditures in the
provide
you
with
protection East.
'
against the hazards of unemploy¬
You know—just as an aside—
ment and old age — they protect
and I think I can speak freely to
you against inflation and runaway
my old friends here in Boston,
prices.
this, this, this, is really a funny
*
Now, these fortifications, they
campaign. 7
are manned by zealous defenders,
I think I heard some campaign
and these defenders are not Com¬
orator say that Secretary Hull and
.
'
war
we
—
are
I must confess that often in this
campaign I have been tempted to
speak my mind with sharper vigor
and greater indignation.
*
.
and
munists
these
defenders
are
not fossils..
.
Can the
citizens
afford to turn
now
warks
the
to
of the
over
men
nation
these bul¬
who
possible obstacle
original construction?
to
every
raised
their
Does the average American be¬
lieve that those who fought tooth
and nail
against progressive legis¬
during the past 12 years
lation
be trusted to cherish and pre¬
serve that legislation?
can
,
Can
it
be
that
those
who
fi¬
the rest of
us
had done such
a
fine
job with the Good Neighbor Pol¬
icy
and our. plans
for world
peace — that it is time for change.
I believe I heard some cam¬
paign orator say that this "incom¬
petent" Administration had de¬
veloped a program that was so
good for the farmers and the busi¬
and the workers of the
men
ness
nation
that
—
it
change.
is
time
for
a
-
I think I heard
some
campaign
orator, you can identify him, say
we have so thoroughly shifted
nanced the bitter opposition to the
•New Deal through all these years
that
have
Wall
now
the
'
made
an
aboutface
and
are
willing and able to fight for
objectives of the New Deal?
We have all
heard
Republican
orators in this
the
control
over
Street
and
the banks
State
from
Street
to
Washington, D. C.—that it is time
for a change.
And I am quite sure that I have
heard
somebody
say
that this
campaign call this
Administration everything under "chaotic" Administration has done
the sun, and they promise that such an
amazing job of war pro¬
they, if elected — and oh, my duction
that it "is time for a
friends; what a, big "if" that is
change.
.
—
,
.
unfinished
world
us
a
—
see
world
negie
Institution
of
Washington.
From 1934 to 36, Mr. Hanson was
an
of
we
struggling to set first research technician for the
Resources, CommitteeN
themselves on the path of civil¬ National
.Everybody knows that I was re¬ ization
people struggling every¬ and later was consultant on plan¬
luctant to run for the Presidency where to achieve a
higher cultural ning and development problems
again this year.
But since this and material standard of living.
to the Puerto Rico Reconstruction
campaign developed, I tell you
I say we must wage the com¬ Administration.
Recently, he has
frankly that I have become most ing battle for America and for been editor-in-chief of the "New
anxious to win—and I say that for civilization on a scale worthy of World Guides to the Latin Amer¬
awakened peoples
'
—
.
the
that
reason
before
never
in
lifetime has a campaign been
filled with such misrepresentation,
my
distortion
and
Never
since
falsehood.
1928
there
have
,
—
around
Yes, all
been
so
ulate
attempts to stim¬
many
America
in
racial
or
the
Government
—
your
the
Communists—then
that that candidate reveals,
polite, a shocking lack
and I'll be
of trust in America.
He
reveals
wheels of
shocking lack of
faith in democracy—in the spirit¬
a
ual strength
of our people.
Then, if there was ever a time
in which that spiritual strength
was put to
a test, that time was
in the terrible depression from
may
progress.
And I say
that
we
ican
Republics", sponsored by the
of
Coordinator
Inter-American
•
Affairs
,and the American Geo¬
graphical Society's "Index Gazever clog the eteer to Hispanic America", also
prepared under CIAA sponsorship,.,
must wage it
in association with the United Na¬
Hq has also acted
consultant
as
problems of jungle supplies,
tions with whom we have stood equipment
and
survival
techn
and fought—with that association, niques for the U. S. Army Quar¬
ever growing.
termaster Corps and Air Forces.
United
Government—could
be sold out to
I say
of
pointments that
reli¬
gious intolerance.
7
When any politician, any polit¬
ical candidate, stands up and says
solemnly that there is danger that
States
the way that we have unitedly
waged the battles against tyranny
and reaction and wage it through
all the difficulties and the disap¬
I say that we must wage a peace
to
attract
the highest
hearts, the
most
competent hands and brains.
That, my friends, is the concep¬
tion I have of the meaning of
total victory.
And that conception is founded
on
faith
—
faith in the unlimited
destiny, the unconquerable spirit
on
His writings include
"The Ama¬
Frontier", "Journey
to Manaos", and "Chile, Land of
^
Progress".
(
zon-—A New
United States ties with Liberia
have* been close since the first
of
settlement
this
from
Negro
country
Monrovia
freedmen
was
made
at
1822, and since the
Republic of Liberia was founded
in 1847 with a constitution, flag,
and government patterned on our
own, the agencies said.
It is like¬
1929 to 1933.
Our people in those days might
ly that in the forthcoming aerial
have turned to alien ideologies—
age our ties and associations will
become even closer, for Liberia
like communism or fascism.
Permission has been granted to
is situated in West Africa at the
But—our democratic faith was the United States
by Liberia, West
so-called narrows of the South
too sturdy.
What the American African Negro Republic, to estab¬
people demanded in 1933 was not lish and operate Naval, Military Atlantic, they added.
less democracy but more democ¬ and air
With an area of 42,000 square
installations there.
The
racy—and that's, what they got.
agreement, it is understood, was miles, consisting largely of equa¬
Yes,
the
American
people negotiated on Dec. 31, 1943. Ad¬ torial rain forests, and with less
proved in the black days of de¬ vices regarding the proposed de¬ than 150 miles of highways, LU
pression — as they have proved velopment of a
beria today is one the least de¬
seaport in Liberia
again in this war — that there is under the Bureau of Yards and veloped parts of Africa. Much of;
of the United States of America.
in
FEfliission to ie
Sent to Liberia
no
chink in the
of democ¬
armor
racy.
On this
subject—and on all sub¬
jects—I say to you, my friends,
what
I
said when first you con¬
ferred upon me the exalted honor
of the Presidency:
\
"We have.nothing to fear but
fear itself."
And
to
today I
that—I
will
Docks of the United States
contained
were
ever
do
can
add
not
think that you
cast the
votes for fearful
And
now
we
a
Corollary
majority of your
men.
face the
enormous
ment
in
an
Navy,
announce¬
at
Washington on Oct, 31
by the State Department and the
Foreign Economic
Administra¬
tion, in which it was made known
that
to
an
FEA mission will be sent
Liberia
with
the
approval of
the Liberian Government.
According to the FEA the mis¬
sion, which will leave in the near
future, will have the dual aim of
assisting Liberia to increase its
the
and
country
the
many
;
is
extent
resources,
still
•
or
unmapped,
value
such
as
of
its
iron,
gold and,, tropical hardwoods, has
yet to be determined.
Some 20,000 of its approximate¬
ly 2,000,000 i n h a b i t a n t s are
"AmeriCo-Liberians," Negro im^
migrants or descendants of the
freed American slaves who began
to settle there in 1820 and estab^
lished
their
nation
in
native
independence
1847,
The
Africans
as
a
remainder
who
have
and
production of such strategic ma¬
are
with
terials
as
which
are
preserved the old African social
system of tribal organization.
complex problem, of building
our
allies a strong »world
structure of peace.
•t
.
rubber
and
palm
oils,
vital to the manufac¬
THE COMMERCIAL & FINANCIAL CHRONICLE
£120
Final Major Campaign Speeches
Texts of Governor Dewey's
give herewith, for the record, texts of the final campaign
We
Dewey, who
unsuccessful in his bid for the Presidency
was
Governor Thomas E. DeWey, in winding up his campaign for the5
Presidency* delivered major addresses in Boston, Baltimore and New
York
City.
Nov.
and
nists
Action
r ea
the
country the unity we need—is be¬
as
tening
is
together
which is seek¬
domin¬
ate the Demo¬
cratic Party.
He charged
that the Amer¬
E. Dewey
Thomas
Labor
ican
Party in ,New York, which is now
dominated', by
Sidney Hillman,
and which is supporting President
Roosevelt, "was won over
communists last spring, and
to the
is now
secretly
working
to
destroy
our
present
government
system
and
-introduce the communistic "pagan
philosophy." In his Baltimore ad¬
dress, the following day, he again
reverted
fluence
communistic
the
to
New
the
over
to
election.
its
owe
collection
a
of
as
up
of
and dangerous type
new
a
after
months
four
that
ordered
chairman
Deal
in¬
and
warned the members of the Demo¬
cratic Party
that, if continued, it
would destroy the two party sys¬
in
Democratic
national
"Clear
to
everything
with Sidney."
The prophecy has
come
true.
Sidney Hillman has
the biggest political boss
become
United
the
in
States, and in
words of David
is
Hillman
Dubinsky, Sidney
"front for the
a
the
Com¬
munists."
States.
who
Now,
the
issued my opponent,
was
the
give
once
born in the United
was
statement
Browder?
is
who
man
of
addition
In
is
He
convicted
was
to
being chairman
Communist
the
of
-
controlled
dodging in the last war. He American Labor party of New
Right in my own state of New was again convicted— this time of York, Mr. Hillman is also chair¬
man of' the Political Action Com¬
York, they hate each other so perjury—and pardoned by Frank¬
This is the committee
much that they won't vote unless lin Roosevelt in time to organize mittee;
it's under their own emblems, and the fourth-term campaign. Brow¬ which summarized the degrada¬
stands
for
everything that tion of New Deal politics in a
Franklin Roosevelt is running on der
pamphlet, two million copies of
three different party lines in the would destroy America.
Every one knows that Commu¬ which were sent out on behalf of
State of New York.
Franklin
D.
Roosevelt.
That
No, the New Deal has become nism is for state ownership of all
including your house, pamphlet, put out by Sidney Hilla
collection of warring factions, property,
man's P. A. C., began with the
tied together only by a consum¬ your farm and the factory, the
draft
for power.
That's shop, the office in which you
work.
It stands for absolute dic¬
opponent is compelled to
the abolition of civil
solicit the support of bigoted re¬ tatorship,
actionaries on the one hand and rights and total political and eco¬
nomic bigotry.
It also stands for
of Communists on the other. I ;
For
twelve
years
the
great something else.
A few years ago, Mr. Browder
Democratic party has been un¬
ing
passidn
why
my
der the
crushing dominance of one
wrote
"What
called
book
a
Is
Communism?" He said, and
I now
him: "We stand without
weakened and divided.
It is vul¬ quote
reservations. for
education
nerable to capture by forces hos¬ any
tile to every tradition for which that will root out beliefs in the
He concluded:
that party has stood. Beyond that, supernatural."
"We Communists do not dis¬
Mr. Roosevelt, in hig overwhelm¬
ing desire to perpetuate himself tinguish between good and bad
in office for sixteen years, has put religions, because we think they
As
man.
party is
the
result,
a
"Politics is
words:
who
how
why."
■
gets,
the science of
what,
when
and
....
that
Under
Hillman
cynical
today
the
Political
with
Committee
motto,
operates
Citizens'
tional
have
this happen time after
Liberal, intelligent organ¬
izations suddenly turn out to be
Communist propaganda fronts.
Similarly, millions of workers
have seen their union organiza¬
tions captured by compact minor¬
ities who attend all the meetings,
seen
time.
political boss."
Just
others
continue
leader of Communism
avowed
America,
It
all 'of
parties,
which hate each other.
constituting a
"Red
Front"
ing to
people
of
The New Deal is not a party.
the nation and
as
would
it
whom
kind
the
of
cause
of
safety
must
The proof that Communism has
provide jobs and op¬
portunity
after
this
war—one nothing to do with national origin
reason
why it cannot give our is the fact that Earl Browder, the
Po¬
Committee
in
all
above
America
Deal cannot
Sidney
litical
what
are
to
stand
for
if she
is
to
part, as we must, with no reserva¬
to
the
world
tions and with full effectiveness. leadership
Now, one reason why the New again.
1, he
Hillman's
take our
harmony can we surely
denounced the
c o m m u
These
speeches of Governor Thomas E.
the Republican ticket on Nov. 7:
'
In Boston
on
on
These are the things that have
given America leadership in the
world.
Monday, November 13,1944
his
Mr.
Na¬
Action
lieutenants
in
vote
the
,
the United States. If they should
lars
the
for
fourth
term
cam¬
fundamental
free¬
would
of. jeopardy.
Throughout
the
ages
man's
greatest struggle is the struggle
to be free—free to worship God;
to have a family and family life;
free to educate his children; to
live in economic security in his
of
doms
American
every
stand in the gravest
work
home;
have
able
be
to
his
of
have
to
and
choosing;
own
which is
servant, and not his master.
to
his
government
a
the working men
Our nation was founded by men
and
women
of America,
under and women who came here to
tem and urged them to recapture
threat that if they do not give the
achieve those things. They built
their party by defeating the New
dollar, they will lose their jobs.
their institutions in a deeply re¬
Deal.
But
the
Speaking in New York
working
men
and ligious pattern and, by the Bill
women
of America are rising in of
City on Nov. 4, Governor Dewey his
are all bad for the masses."
Rights, they bound their gov¬
party on the auction block—
charged that the Roosevelt Ad¬ for sale to the
Let¬ ernment to respect freedom of re¬
Now, Mr, Roosevelt in his re¬ protest all over the nation.
highest bidder.
ministration's
"confused
incom¬
ters have been pouring in to me
cent speech from the White House
ligion and the dignity of the in¬
Now who will buy it?
Will it
petence" was prolonging the war.
very
softly disavowed Commu-r denouncing this Rosevelt poll tax dividual. Because of what they
be the notorious
One Thousand
Governor Dewey's speeches, as
nism.
But the very next day, at imposed by Sidney Hillman. As
did, we call America "the land
Club, that club which sponsored a
reported by the United Press, fol¬
meeting right here in Boston, one of them said:. "They can force of the free and the home of the
and paid for Mr. Rosevelt's speech
low:'
:,y.
Earl Browder made a speech for my dollar out of me by threaten¬ brave."
last Saturday?
That is the or¬
Mr.
Roosevelt
and a
collection ing tp take my job away, but they
But we cannot take our free¬
ganization, formed at the Presi¬ was taken
Governor Dewey's Boston
up for the fourth term. can't force my vote, because it is
dom for granted, nor can we af¬
dent's own suggestion, which of¬
I am going to vote Re¬
And not a
voice
in the entire secret.
Speech
ford to stop being brave.
There
fers (and I quote the prospectus)
New Deal was raised in protest. publican to save my own free¬
Governor and soon to be Sena¬
always have been and always will
"special privilege," a voice "in the
dom."
So much for Mr. Browder.
tor
be those who seek to destroy our
Saltonstall,
Speaker
Mar¬ formulation of administration pol¬
It is not just his freedom that
Now—who is Sidney Hillman?
tin, Governor Cahill, Lieutenant icies" and a chance to visit with
freedoms.
He has held one high post after man will save when he goes into
Governor
Bradford, my fellow j the President on Thursday after-?
Nazism and Fascism are being
the secrecy of the voting booth.
another in the New Deal, in addi¬
Americans:
But
nons, all for $1,000.
like him will crushed out in the world.
tion to important duties as the He and millions
exercise their precious right of a the totalitarian idea is very much
in ^tnhp^^TYvv
™ theSe Purchasers Of "sPe* head of a labor union.
alive and we must not slip to its
When the fourth-term campaign secret ballot and save the free¬
+h\ u/ufro
•
?u"lcial privilege" be the successful
,
.
of
out
.
.
.
.
paign
by
succeed,v the
own
He
stalks the country squeezing dol¬
posts.
thereby seize
the self-same tried
and
familiar
tactics, the Com¬
munists are seizing control of the
New Deal
through which they
aim to control the government of
Now,
from
Federal
and
machinery.
Once in
control, they cannot be dislodged.
It was by just such tactics last
spring that the Communists were
able to seize possession of the
American
Labor Parly of New
York which in 1940 provided the
balance
of
power
that
carried
New York for Mr. Roosevelt
who have taken leave of absence
high
bloc
a
union
.
.
.
_
Then"
enterprise system.
the
iat
day
svs
.
and day out.
That
oT 1940
^
em
members are being taken in; They
?ysttm|Will
why
is
Z
Thats
why
had to have a war to get jobs.
That's why it's time for a change.
Because of our.
"special privi-
not get the
f,
t
Arericanf^nlmployeS in" the
S
tW^TeniocraTc^pLty^ Tdoubt
atnst!"
enterrafse
Ameriran
in
for the'
we'^ ^
These
,
tu
"heyttok the?
^ Mgher
higher
Political
^
...
bidders
Action
?ddOT
the
are
of
Committee
magnificent mil¬
Sidney Hillman and the Commu¬
the heroism of nists of Earl
Browder.
our men
in uniform, and the ef¬
In
this
campaign,
the
New
forts of our war workers at home,
Dealers attempt to smother dis¬
victory is coming closer every
cussion
of their Communist
alday.
And by installing a fresh
iance.
They smear any discus¬
and united administration in
sion of this major question of our
Washington we
can
bring
an
day.
They insinuate that Amer¬
end
to
a
quarreling, bickering,
itary
command,
tired Administration.
We
icans
can
the full respect of the other
nations for the United States of
cover
America.
Then,
military
and
with
command
backed
to
up
offend
Not
In
great
our
must
re¬
unhampered
limit, we
the
love
Communism
or
fighting ally, Russia.
the gullible believe that.
our
even
Russia
Communist is
a
a
man
who supports his government. In
America a Communist is a man
who supports the fourth term so
our
form
of
government
may
dom of the American people.
along he went to New York
on
politics.
There
Now, American liberty means
in the primaries this year, he or¬ that every man has a
right to
believe and vote as he will, even
ganized a movement to take over
the previously respectable Amer¬ to vote Communist.
But liberty
ican Labor party.
And he suc¬ involves a corresponding duty to
ceeded
with
the
help of Earl defend our country from what
concentrate
Browder's Communists.
we
Now what is the American La¬
bor
party today—the party whose
nomination Mr. Roosevelt has
ac¬
cepted and whose votes he hopes
will
give him sixteen years in the
White House?
Listen
to
set of my
the words
of another
opponent's violent
sup¬
porters. David Dubinsky, president
of
the
International
ment Workers'
Ladies
Union,
Gar¬
was one
of
the founders of the American La¬
bor
Here is what he said
party.
last spring about that party as of
today:
"I
regard
the
former
American Labor party as a Com¬
munist Labor party.
man
can
act
as
a
.
.
.
Mr. Hill¬
front for
Com¬
consider
evil.
I
hesitated to expose
have
never
and denounce
the
cynical alliance of the New
and the corrupt big city
machines which depend on the
most criminal and degraded ele¬
ments in our big cities.
And I do
period
ever
with nothing better than
Deal" has offereduus in
born.
the past, we can expect no;better
results
than we had under
its
some
the
New
peacetime
But if
years
we
go
before,
in with
n,.
a
Every
of
one
American—every
us—traces
his
foreign land.
ancestry to
As
a
nation,
culture,
rieW and
we
owe
our
c
traditions, to nations all
the
world.
our
genius,
The
our
keystone
over
of the
Communists
man
for
their
party
Governor, who polled 400,000
votes in 1942, is another violent
supporter
action, we
ceed.
With
which
the
can
a
and will
suc¬
government
President
works
ance.
The
foundation
of
our
in American system of civil liberties
in
is
an
equal respect and an equal
opportunity for men of every race,
regardless of
ica for effective. leadership in a national origin.
The mighty bulworld
organization
for
lasting wark of these liberties is the Conpeace and only with such new stitution of the United States.
,
harmony and mutual respect with
the
Congress,
we can
unite Amer¬
creed arid /color and
Labor
The last candidate of that
it
ive
American
chair¬
for
vigorous
administration, pledged arch of American freedom is our
program of specific construct¬ unyielding opposition to intoler¬
as
party."
to
a
by serving
was
of
he
my
who
opponent.
But
said last spring,,
to be silent when
not propose now
the New
Deal, through the Presi¬
dent's political lieutenant, Sidney
Hillman, strikes up a cynical alli¬
ance
,
All of
Browder's
Earl
with
Com¬
For
a
fashion
munists
because
as
of
of
little
their
importance
small numbers.
The Communists themselves have
cunningly
They are not themselves a po¬
litical party. They are a fanatical,
secret
conspiracy of well dis¬
ciplined,
highly
trained
zealots
who, work at their purposes every
hour of the day. Falsehood, decep¬
tion and smear propaganda are
repugnant to
our
form of govern¬
part
of
tuously
their
describe
as
"innocents."
are
we
would
make
of
re¬
These ideologies
ject all of them.
the
state
supreme,
give political power only to those
deny the supremacy of God
and use that power to force all
men
to become cogs in a great
who
materialistic machine.
these
Under
vidual
think
life
he
would,
his
as
ence
systems the indi¬
worship, vote or
cannot
as
or
conduct his
Slavish
own.
obedi¬
to the will of the state is
the
first great
command and the price
of non-conformity is liquidation,
either through violence or slow
economic strangulation.
that
Today
long time it has been the
to brush aside the Com¬
enemies
must equally
concepts
freedom and
munists.
technique.
They
are adept at working behind the
"Political action by coercion is false front of those they contemp¬
and I quote him:
these
Deal
played upon our re¬
munists; I never did and never spect for the very civil liberties
more easily be
will." So said David Dubinsky.
which
they themselves hold in
changed.
turn of our fighting men.
Then
"The New York Post," formerly such contempt.
Yet the fact is
No, the question of Communism
what do we face?
the mouthpiece of the Labor party, that the Communists wield an in¬
in our country has
nothing to do
As I pointed out last night at
with our Allies any more than it says editorially that Mr. Hillman, fluence far out of proportion to
Buffalo if we go into the post-war
and I quote it,
has to do with where a man was
"fronts for the their numbers.
bring
closer the day of
total victory and the prompt re¬
can
other form—Communism.
came
to
pagan
philosophy
sweeping through much of the
is
world,
j
As we look abroad we
country
making a bid
see
that in country after
its
advocates
for power.
are
We would be fools not
danger here.
to look for that same
We have not far to look. Even Mr.
Roosevelt
felt
has
must
he
say,
he does not welcome the support
of any person or group
Communism.
to
be.
committed
That
is
as
The important facts are,
that
Mr.
Roosevelt has
so
and
fir&t,''
weak¬
corrupted
cratic party
fact, no$ engaged in capturing it.
That
danger
can
be surely met
only by ending a situation which
leaves vast power in tired
hands.
The Renublican narty
fect.
But
one
is not per¬
thing at least is
neither
the
Communist
love to fish in troubled sure:
the
country should
beware
of waters.
They place their mem¬ group which Mr. Roosevelt pro¬
dealing" with Mr. Hillman for he bers at strategic points where they fesses to repudiate nor any other
ef¬
no'longer comes to them with can seize control of large organ¬ totalitarian arnun
ment,"
.
.
.
clearr hands.
"liberals
throughout
He has set himself
They
izations.
Millions
of
Americans
fort
to
capture
the
.
may.
the Demo¬
that it is readily sub¬
ject to capture, and, second, that
the forces of Communism are, in
ened
,
Republican
Volume 160
party.
Number 4333
THE COMMERCIAL & FINANCIAL CHRONICLE
and
They know how useless it
would
be.
The
Republican party is young
and vigorous.
In twenty-six
states, Republican governors are
bringing alert, progressive com¬
petent and honest administration
to the affairs of two-thirds of the
American
people.
First
local
in
party. Now it is prepared to
the
tional
responsibilities
It
government.
able
leaders,
na¬
rich
is
steeped
American tradition. It
as¬
of
in
in
"the
close to
is
the
Senate
•
pf
the
:
■
United
primarily/ a -contest < between
Democrats and Republicans. Much
And, lastly, we want an oppor¬
tunity for every American after
this
Saturday night,
opponent dug out and dusted
my
President who
the
strength of
system of
government has been owing to the
existence of two major parties
evenly
matched
and
equally
Last
war.
that lie ahead.
of
;.
our
He cannot work-out the. problems
We must have a
with
magnificient effort of
Congress.
We
military
our
command.
have made
nation
a
men by putting
energy and com¬
petence in Washington behind the
and will work
can
good start
a
toward
the
as
2.
To provide American leader¬
establish¬
ship in the world for an effective
promises of equipped through leadership and ment of a world organization to
organization among all nations to
1932, 1936 and 1940, and then tradition to provide the people prevent future wars but much re¬
prevent future wars.
doubled them.
He promised jobs with good government.
mains to be done.
In the end, it
3. To direct all Government pol¬
for Americans—but look at the
Although they decide at elec¬ will be Congress that must ap¬
icies in the peacetime years ahead
record!
In the first seven years tion time on the political issues
prove the materials and scope of
to achieving jobs and
opportunity
$58,000,000,000 of money spent, of the moment, they had in com¬ our participation in this world
for every American.
mon
more power than all previous ad¬
one
essential" thing.
effort to maintain peace.
Most
In the
To these ends,
'
ministrations
put together, and Democrate and Republicans had working out of that program there
We shall restore honesty and
10,000,000 Americans still unem¬ an abiding faith in our system of must be mutual confidence and
ployed in 1940.
We had to have representative government.
The teamwork between the President integrity to our National Govern¬
off all of the
broken
-
governments, then in the states,
the
people have turned to our
sume
the
States.
,
,
to
country had always been safe in
ment;
people. It wants to continue
the American way of life and to
a
perpetuate
rule;
today, when the two-party danger of seeing this whole pro¬
We shall unite our
people in
20,000,000 people working in war system stands in danger.
gram wrecked upon the rock of
teamwork and harmony behind a
industries.
The Democratic party is now one man's
The best the adminis¬
arbitrary will, we must
President and a
tration ever did was in the spring weakened by 12 years of one-man install
Congress that
next Jan. 20 an adminis¬
will
of 1940, before the war started— rule.
work together to
It has been taken away tration that wants to work with can and
realize the limitless promise of
it was 10,000,000 unemployed.
from the Democrats.
It is now
Congress, that knows how to work
America.
I don't want to bring 11,000,000 being captured by a coalition of
with Congress, and that deserves
heroes home to that kind of coun¬ subversive forces, including New
These
are
so
partisan objec->
the confidence of the people and
lives.
try.
And we don't need to.
Dealers, members of the Political their elected
They are in truth the ob¬
representatives.
My opponent dusted off some¬ Action Committee and the Com¬
jectives of the American people.
I have read with the greatest of
In
the past
thing else.
He promised a mil¬ munists.
elections, care every speech made by my They can never be attained under
lion homes a year after the war, when the Democrats won, the Re¬
the tired and quarrelsome admin¬
opponent in this campaign. I have
American
institutions
founded upon the God-given right
of individuals to be free. Millions
of
Democrats
lican
voting Repub¬
their own
are
this year to
party
and their
Under
save
country.
Republican administra¬
no danger that
the power of government will slip
through tired fingers into hands
which
would destroy that free
a
tion there will be
America
for
-
which
sons
our
are
fighting and dying.
I
have
ican
letter
a
Amer¬
an
soldier
fighting in the far
Pacific. He says: "When we come
home there will be flags waving
and people will exult in victory
and cheer. But the greater effort
.will only begin then. We here are
only securing the bridgehead to
freedom. Will
generation for¬
do, this vic¬
be only the beginning
will
tory
our
we
of defeat for us and
Let
our
children."
tonight! resolve that
us
will be equal to
^he duty
we
we owe
that soldier and his comrades. Let
„
home
at
us
seize
hold
and
bridgehead to freedom. Let
stall
Jan.
on
20
that
in-
us
government
God, will dedicate
its purpose to the preservation of
the individual dignity and free¬
dom of every American.
which,
000,000
a
under
Baltimore
follows:
as
Mayor McKeldin, distinguished
guests and fellow Americans:
It is grand to be in Baltimore
again and to find your city under
the
distinguished, able and con¬
structive leadership of
your Re¬
publican
I
Mayor
McKeldin.
And
and
happy to know
that a very distinguished Demo¬
cratic Mayor of your city is with
us today in our great effort.
We
are
all agreed on a few
things in this campaign. The ma¬
jor thing that means most to all
of us is that we shall speed vic¬
tory on every fighting front.- Now,
proud
am
how do
Do
we
do that?
continue whk secret dip¬
we
lomacy,
private
undisclosed
rangements—do
ar¬
continue with
we
quarreling, bickering and chaos in
Washington? Do we continue with
Harry Hopkins, Madame Perkins,
Harold Ickes and all the rest?
to
seems
me
that
we can
It
do better
than that.
We have a great mili¬
tary command. We have the brav¬
est, the greatest Army and Navy
the world has
ever
production such
before
seen
as
We have
seen.
have
we
never
by the people them¬
Certainly. with
tion
which
administra¬
the quarreling
an
stops
and
bickering and which brings
unity to people, which backs up
our fighting command to the
limit,
can
we
and
And
then
ternational
will
bring
world.
we
the
will
we
victory
want
organization
lasting
on
we
in¬
an
which
to
the
want
one
peace
Again, do
achieved
do
will speed
front.
every
by secret diplomacy,
want
one
or
.achieved out in
by the representatives
American people with all
the nations" of the world
partici¬
pating so that it will rest on the
of
open
the
his
administration,
representatives
to
with
in
and
the
the
knows
people's
If
the
lose
Republican party
this
would
election
the
irrevocably
licans any longer.
million
who believe in
the
a
just to get back
year
standards
of
up
not
about
terms
laws,
the
he
but
been
in
social
forgets
loving
on
the
hand
our
to
they
have
the book nine years and
are
still 20,000,000 Amer¬
there
who
old-age
not
are
insurance.
have
nation
a
insecure
protected
: I
insist
and
of
that
by
we
secure
the
re¬
the
run
those
who
have
shall,
grave
put
for
to
things
peace-time
can't
We
same
program
that
has
been
to
in
twelve long years.
one-
can
vig¬
a new,
administration
orous
office
They
only be attained under
all1 the
those
1940.
that
istration
one
proposes
that
comes
fresh from the people. That's
why
over
the country the people
go
all
that
a
1
military
kidnaped
in
and naval commanders.
a complete, de¬
behind which the
Boston,
program
cannot
war
be
But this
alone
won
upon
American
That the battlefronts.
It must also be
with won at home.
And each of us
our
job-making equipment, with must plan his part.
our
job-making machinery with
As recently as Sept. 1 General
the
means
by
which we • will Eisenhower renewed his earlier
achieve jobs and opportunities for
prophecy that Germany could be
to
program
govern¬
'
.
into
tailed
the
order
of
falo
The only way for the real mem¬
people can unite.
' specifically deals
,
bership of the Democratic party
to win this election, the only way
for
all
the
Democrats to recapture
party, is to join with the
Republicans in defeating the New
Deal, the Political Action Com¬
after the
war.
beaten in 1944 if everyone at home
would do his part. Yet last Thurs¬
It
specifically laid out a pro¬
gram of the ^reforms whereby with
their
an
adequate national
income
day Mr. Roosevelt decided to tell
we
us
again release the energies of
this country and at the same time
can
mittee and the Communists all at
that
the
had
still
;
war
way to g-,>.
'
long
a
What
has
happened
in
two
Republic reduce these taxes on men who
months to cancel General Eisen¬
Tuesday will make $11 a week. "We can
Mr. Roose¬
they are entitled and then that will be a victory for both Demo¬ and will take the choking hands hower's prediction?
velt has not told us the whole
we get this system of ours going
crats and Republicans.
It will be of government off the throats of
a
strong enough to support it all.
victory for all who believe in every small business in the coun- story, but part of it we know.
Mr. Roosevelt and Mr. Church¬
My
opponent
last
Saturday our form of government.
It will try.
ill held a conference in Quebec.,
night
suddenly
discovered — it once more restore teamwork and
We can, because we believe in
Our Secretary of State was ab¬
must have been a blinding revel¬ mutual respect between the Pres¬
it, again restore free collective sent. Our
ation
he suddenly
Secretary of War was
discovered ident and the people's "represen¬
bargaining in the United States. absent. In
that the working men and women tatives in the Congress./,';
their stead Mr. Roose¬
And lastly I should like one par¬
velt took with him that master of
of this country had been choked
My opponent has so consistently ticular
job also—I should like to
and surrounded and borne down abused the members of
military strategy and foreign .af¬
Congress start the
largest housecleaning
by 25 different agencies that he that today an irrevocable breach
fairs, the Secretary of the Treas¬
Washington ever had.
I want to
himself has created.
So he prom¬ exists between the executive and
ury, with his private plan for dis¬
give you two personal assurances
ised to restore free collective bar¬ legislative branches of our
posing of the German people after
gov¬ in addition.
Your next President
gaining after the war, and that ernment. That breach began with
the war. The plan was so clumsy
will never use his office to di¬
promise is no better than the an arrogant attempt to pack the
that Mr. Roosevelt himself finally
vide one part of the American peo¬
promises we have had before.
dropped it—but the damage was
Supreme Court, widened by an
from another part of the
So it seems to me that if all attempt to purge those members ple
done.
American people.
He will never
we
are
offered after this war is of Congress who defied the Pres¬
The
set race against race, class against
publishing of
this plan
over is the same program which ident's
will
and
defended
the
class, or section against section. while everything else was kepi
failed and failed miserably for Constitution.
It
has
deepened Your next President will never secret was just what the Nazi
eight peace-time
years
before, year by year until it flared in
use
his office to claim personal propagandists needed.
That was
it is time we followed a new and
open revolt this year.
or
political advantage out of the •:s good as ten fresh German di¬
a
good program, and it is time
You remember how on Wash¬
achievements
of
the
American visions. It put fight back into the
for a change.
ington's Birthday my opponent
people or the sacrifices of their German Army; it; stiffened the
But my opponent in
his des¬ sent to the Congress a veto mes¬ sons and
will of the German nation to re¬
daughters in a war.
perate desire for 16 years in the sage so savage that, his own ma¬
Almost overnight the head¬
We can and we will unite the sist.
White House is straining every jority
leader,
Senator Barkley,
retreat
of
the
Germans
American people because we be¬ long
conceivable effort, including of¬ rose to denounce the words of
lieve in all the things that made stopped.,
They stood and fought"
fering to sell our government for that message, and I quote him, as
fanatically.
our country great. We have given
$1,000 to any man. By letter after "more clever than honest."
no hostages to those who hate our
Here is how the military exletter which have now come to
given
of
the
our
people must be
protection
to which
The election of
once.
administration
can
a
next
—
,
,
And
me
from
see
and several states of the Mid-
Arkansas, from Tennes¬
West, the offer is being peddled
in the union that
state
eveyy
for
thousand
a
have special
ernment,
dollars
men
privileges in
may
our gov¬
help to shape
its
policies
and
have
tea
on
Thursday
afternoon
with
the
men
may
President."
But, as I said last night, they
being taken, for a ride. They
won't get what they think they
are
going to get, because the
higher bidders are Sidney Hillman
and
Earl
Browder,
the
P. A. C. and the Communists, The
are
is made.
deal
decided that
are
And it
we
he
continued
calculated
sault
upon
rity of
gress
and
the
every
that
it
deliberated
legislative
was
system. We have made no pledges
member of the Con¬
and the other Senators, re¬
of party, rallied around
the
toward
road
American
toward
opportunities,
equality, and toward the
country we want to live
Senate
a
we
want
children's
our
for all time.
our
children and
children
to
have
!
Governor Dewey's New
own
party, Mr. Roosevelt last Friday
night chose to insult the Repub¬
of
new
York
City Address
All
lead¬
over
Americans
the
Congress.
He picked
in advance.. He made
savage
accusation
against
right of free
his quarrels
the
are
'
w
world
men
fqV the
to governltnem-
selves. Here at home
time,we
the
America
political campaign to ipake
placing political advan¬
tage above devotion to equntry, secure the liberties for which they
just because they publicly pledged fight.
themselves to a program for last¬
Openly and in plain words John
ing peace—and >that was an un.^ Brigker
L in the name of the
forgivable insult.
Republican, party, are dedicated
going to go forward to
pre¬
freedom and not accept any
form
of
totalitarianism, however,
much desperate men may be
wRlr
its methods to achieve
power.
national
ing
of
Now
For many years every
how,,can
that
man
Gen. Dwight D. Eisenhower's
election
in
this
country has been
cam¬
paign. * * " Now he finds himself
we
are wag¬
a
to these
work
with the
would
have
never
never
ex-
materialized
had.AlJied political warfare been
astute( irV$tead of idiotic." So says
propositions:
-fiere's, jtliereport from the froni
by The United Press: "The home
u
fropt-'talk; about stern treatment
tonight ■for
fighting
is
them
of this
"This necromancy ruins
.the military expert,
Now, not satisfied with having
ers
described
faced by resistance he
in and
hand, Demo¬
crats and Republicans alike.
licans who will be the
blunder:
Week"
consequences
nected and which, in my opinion,
kind of
chamber to shake his
alienated the members of his
"News
toward
Barkley's declaration of
independence and the members of
crowded
the
of
tragic
freedom,
Senator
House
the
on
gardless
the
oerts
except
publiclv to
the
Amer¬
ican people.
With your help we
can start next Jan. 20 once again
as¬
integ¬
here in
serve
use
a
,,:
,
HoufiftjOr the Senate re-, J ,1. To sp'^ed totaf victory and
gardless which1-party is in power? the prompts return, of our fighting
a..:
defeated
Germany has in-.
bitter and fanatical resis¬
spired
tance
among
German
trooos,
in
this sector at least, and the GIs are
a
little bitter about it.
the
doughboys
a^d
Sometimes
dying in the rand
of
who
Moselle
the
are
fighting
on
this side
wish
people
at
home would quit announcing what
they
think
abnut
a
soldiers
should
be
done
defeated Germany. Some
said
,
Congress
end
an
contest has failed.
are saying it's time for a
change.
Repub¬
I have outlined from Philadel¬
America is determined to win a
It is a contest phia to Seattle and down to Los speedy and
overwhelming victory
between those
Angeles and back all the way in this war. All of us have per¬
system of gov¬ across the country, through Buf¬ fect confidence in our
system
our
before
with
on
from
in
failed
years
their
and
party
ment.-"
thing that he
different
that
Democrats
This is not
one
were
lose
Democrats
Democratic
security
on
icans
between
change
;
"
to
not
are
yet been able to discover
do
So that, ernment, Republicans and Demo¬
in the light of the record, crats alike, and, on the other,
again and again.
My opponent talks
we
single
1930.
promise,
is, if I may say so, no good, al¬
though it is repeated again, and
If
party—safe
We
,
party, too.
to
Congress.
man
have had only 380,000 housing
units a year when we needed a
perpetual
willing
work
either
that has been built at the expense
of the people of the United States,
we
which
is
that
by
mean
from 1933 to
date, in¬
cluding all the war-time housing
ing to
to
and
I
firm rock of
everybody's support?
I am sure we can
better achieve
the
latter by an administration
how
of
were something new in
publicans lost, and when the Re¬
desperate need now for new publicans won the Democrats lost,
housing in this country. During but it won't be so in this election.
in
selves.-
hands
and
until
if there
mainder
Dewey's address at
Baltimore, Md., on November 2,
was reported by the United Press
the
We have
war.
the
and
Governor
We have 11,coming home
Americans
cannot
fljr. Dewey's Speech At
get jobs.
at the end of this
as
from
get that fact? If
war
(Continued
today
thnt
on page
2122)
they
THE COMMERCIAL & FINANCIAL CHRONICLE
2122
Gov. Dewey's
Today,
the great Democratic
Party, weakened by twelve years
of one-man rule, is being leased
out to men who boast that they
owe
no
allegiance to that party
Final Addresses
(Continued from page 2121)
thought it might be better to win
the
It means
What does this mean?
fighting men
that the blood of our
is
paying for this improvised med¬
dling which is so much a part of
the Roosevelt Administration. And
moment when his own
incompetence has thus
at \he very
confused
the
prolonged
Europe,
on the
in
war
Roosevelt
Franklin
goes
jobs in peacetime industries.
are not to betray those who
for
If
first."
war
have
fought and worked for vic¬
tory
in
this war,
tunity,
land of full employment
a
high wages, with a rising stand¬
ard of living.
at
again
jobs in the future, but he of¬
of
fers
except a repeti¬
New Deal policies
the
of
claims for himself the
tion
everything our engin¬
which
workers, our in¬
dustry, our farmers and our fight¬
ing sons have done.
years.
This
office
when
advancing and we shall
are
failed
pression
for
eight
straight
administration took
world-wide
the
de¬
nearly four years
previous depression in
100 years
of
history had lasted
our
Once rid of cap¬
more
than five years.
Yet Mr.
ricious,
personal
Government,
Roosevelt contrived to make that
once we give our whole, our united
depression last 11 years—twice as
thoughts
to
victory,
we
shall
long as any depression in a cen¬
reach Berlin and Tokyo quicker—
reach
goals.
our
tury.
with less cost.
Let
make
me
thing clear:
will
one
He
had
unlimited
he
power;
58 billion dollars; yet in
1940, there were still ten
never
claim personal or political
million
unemployed. Under the
profit from the achievements of
•New Deal it took a war to get
the American people or from the
jobs.
sacrifices
of
their
sons
and
Your
Administration
next
spent
March,
We dare not, we must not Tisk
daughters. But it will put a stop
to
incompetence in Washing¬
is costing the lives of
the
which
ton
American
the
delaying
and
men
That's
time
it's
why
the
of
ceeded
a
This
years.
shall
We
war.
war
And
to
future
effort
that
know
wars.
can
be the work of one man or
never
of
world organi¬
a
prevent
we
three
must be the last
take the lead in
the formation of
zation
heartache
the
these "past
of
It
nation.
one
be
never
can
the product
of secret agreements
worked
in secret conferences
out
between two
the
United
fort
must
three rulers. For
or
great ef¬
States, this
the
have
and
support
understanding of all our people.
And it must, under our Constitu¬
have
tion,
the
and
support
proval of the people's representa¬
Yet,
.
Mr.
abused
systematically
has
year,
after
year
and insulted the members of Con¬
alienated
his own leaders in Congress, he
has now gratuitously insulted the
Republican leaders of the Senate
Having already
gress.
House.
the
and
joined with
the
program
leaders
Those
in
me
effort to lift
an
lasting
for
peace
above partianship. They publicly
pledged themselves to support the
We
need
to
sweep
the old dank, wretched at¬
mosphere of hostility and abuse.
We
need
to
more
once
the
let
American
people—industry, labor
agriculture—know that their
government believes with them in
and
the American tradition of oppor¬
*
tunity for all.
We need
on
which
Secretary Hull and I had
coop¬
for world peace
But this harmonious
erated.
non-
about
business
little
does" about
it
than
ment. We need
big
governs
Administration
an
that will not be afraid of peace—
that will want to bring our
Political
ise
home
men
do
to
other
are
another
that's
And
so.
why it's time for
reason
change.
a
For
reasons.
bers
Republican
Administration.
national
present
It has stood for
principle
no
self-perpetuation
cept
The
result has been
in
ex¬
power.
decay of the
government." That
of
moral
fiber
decay
reached
when
Franklin
logical
its
result
Roosevelt
was
compelled to admit that it Was he
who
himself
One
sponsored the
Thousand Club. This is the scheme
which offers in writing for $1,000
"special
privileges"
"in
formulation
the
in
our
been
ruption
Committee
That's
The time has
end
to
this
world
a
name
and
a
peace."
bring
calling
organization
for
a
an
and
participation
only be built by
can
to
come
abuse.. American
spite
party
in
peace
president
Congress—Republicans and
Democrats
gether
in
alike
working
—
harmony
to¬
and: mutual
respect. To achieve that harmony,
we
must have
tive
who
mental
That's
a
new
believes
Chief Execu¬
in
that, funda¬
principle and practices it.
another
4ime for
When
a
reason
why
it's
change.
victory
is
eleven
million workers will return from
our
fighting forces. They will be
looking for jobs and opportunity.
Admin¬
has
admitted
President
a
cor¬
Never
brazen.
of too many years in
power—and
the desire for perpetual office.
is exactly what every great
ican
beginning
warned
George
with
against. It is inevit¬
able that it should have
political
leadership
publicly
science
defines
of
Amer¬
Thomas Jeffer¬
Washington and
son
It
produced
which
politics
"how
who
today
the
as
what
gets
when and why." I say the young
today it's time for
In
of
America
and: dying
not
are
for these corrupt
of those men,
ple
will
rise
that whole
ment.
fighting
In the
and
name
up
and
repudiate
philosophy of
The time has
come
to put
Twenty mil¬
gets what, when and why." That's
Change.
a
forth
the
constructive
a
I
campaign
ahead
years
set
for
program
built
soundly,
It shows how we
brick by brick.
achieve
have
Objectives—each
of them, including full employ;
ment, high, stable income for la¬
bor,
agriculture
and
business,
broader old age benefits, tax re¬
can
our
duction with
ernment
My
"The 19%
offered no
the New Deal
has
tion which has marked its career
We
for twelve long years.
can no
luxury of a
Government which spends half its
time
the
afford
itself and
with one
segment or another of our people.
In the years immediately ahead,
with
quarreling
the other half quarreling
need
we
hands to
new
of
the
then
war,
to work
August was chiefly the
44% decrease in the volume of Federal construction con¬
a
tracts awarded.
Permit valuations for non-Federal construction were
only 8% lower than in August'of last year.
"Both Federal
renew
was
will of
color
year's August total, while the Federal was
Likewise, non-Federal additions, alterations, and -repairs
16% increase, whereas the Federally financed declined
a
sharply."
•Percentage change fromAug. 1943 to Aug, 1944—
—-Jufy 1944 to Aug. 1944
?'
Class of constructionAll
New
residential
nonresidential
limitless future of our
Our
built
country.
founded
and
and
was
men
good-will, who
things.
great
regardless
of great faith
nation
by
here to do
came
They
created
our
institutions in the image of their
First
beliefs.
in
all,
of
Almighty
the rock
they
God.
be¬
They believed in the moral law.
believed in the dignity of
man.
In the Bill of Rights they
They
consecrated
and
of
dignity
believed that
—free
to
to
own
live in his
after
the
dic¬
conscience, free
and
speak his ownmind without fear or favor, free
to
repairs aA—
—10,2
13%
less than the
The decline of
building
end
to
government by
why it's time for
a
—49.2
46.2
—62.6
—19.5
+'10.6
+ 130.5
+33:6
8.0
-67.5
+11.3
+15.0
-7.1.4
—
than one-third in the value of
partially offset by
blessed of God.
tial valuations dropped
8%
a
people have known hard¬
they have never - de¬
spaired.
They have faced great
odds, but they have never known
defeat. To them the difficult Is
With
difficult.
too
the impossible can
them
be brought to
.
1944
1943
1944
-
(In thousands
All
us
the
change
this
in
send a
election
of
love
is still
freedom
strong in the hearts of the Amer¬
Let
people.
New
nonresidential
—13.1
224,414
426.240
—47.4
398,182
315,137
—36.1
33,014
153,018
—75.2
290,482
__
857,485
254,484
.....
7.8
178,316
261,127
—31.T
144,166
+ 38.9
8,084
12,095
-33,2
—
Additions, alterations
and
repairs
Permits
for
total
a
Federal contracts awarded during August
8,236 family dwelling units.
This was 6% below the
were
of
issued
or
July total and less than one-half the number of dwelling units started
in August, 1943. The 12% or 965 units in Federal war housing projects
represents a decline of 10% from the number of Federally financed
units started this July and a drop of 79% from the number started
in
August
Private building suffered far less heavily; the
a year ago.
number of
privately-financed dwelling units started this August was
only 5% less than during July and 44% below last August.
' i
Department Store Sales In New York Federal
Reserve District In Sept. 13% Above Year Ago
Bank of New York announced
The Federal Reserve
change.
"who
sales of department
Sept.
Sept., 1944, were up 9% from the same
Stocks of merchandise on hand in depart¬
the end of Sept., 1944, were the same as Sept., last year.
bined sales for January to
period the previous year.
ment stores at
The
apparel stores in the New York Reserve District reported
gain in the net sales in Sept.
Their stocks on hand at the
close of the month were 3% higher than the same month in 1943.
a
15%
The following is
DEPARTMENT
the bank's tabulation:
TRADE
STORE
LOCALITIES
BY MAJOR
Federal
Second
us
register our
; i
SEPTEMBER,
-Net sales-
free
government still
prove
lives.
Jan.-Sept.
1944
1_..»._A...
Second District.:
New York
City.
1944
+13
+
+13
+ 12
-
A
—...
world
changed
that
order to speed
'Westchester and Fairfield Counties—....
lasting peace—that freedom is the
that
vital
Poughkeepsie
—
Upper Hudson River Valley
Albany.—
we
it forever.
J win
:
I
.
2
8
~
Mohawk River
——
+16
■mm
+
—
v.
.
+
4
+ 31
+
6
+
4
+19
+
9
+15
1—A—
.
.
—
DEPARTMENT
Federal
(1935-39
+
9
STORE
SALES
Reserve
(average
SaleS
(average
daily), unadjusted
...
daily), seasonally adjusted...
Stocks,
unadjusted
Stocks, seasonally adjusted
*Revised.
AND
+
'
4
•
+
.:
9
•
—
•
+
4
3
'
STOCKS
District
average
—100)
1943
Bales
5
7
+ 19
—
OF
.
—
+ 10
+
INDEXES
*
A
7'
+
9
——
•Apparel stores (chiefly New York City)
'—
9
'—
Western New York State
3
—
+ 11
+
••+
4
+
+14
+ 22
—-.—
....
mm
3
-+24
—
..
—A' ^
■
3
9
1
+
f
3
+
+20
_
,
:
+ 10
+
£
Northern .New, York-State.—
+
1
+14
_
—14
Y +19
:
+ 14
+18
._
Syracuse
Binghamton
' —' 1.
+7
..
.——-......—
Valley—LA—________
Utica.
".
Y
+18
—
*141
*133
average =
—
Julv
;
•
—'
•
+11
.
—
World—
intend to5have it—to hold
A.
+
3
+5
..
—..i—
:
+
:
5
9
+ 21
;
1——■—
Bridgeport-
+
+12
..
Lower Hudson River VaHey__._._—
'(1923-25
thing in the
'
+
—
9
+
...:
in
victory and ensure
hand
9
+
..
....
America
administrations
on
Sept. 30, 1944
■
•Northern New Jersey....
Send the thrilling message
the
Stocks
Sept.
Sept
Rochester.!-
us
1941
District
Reserve
Percentage change from preceding year
indispensable man. Let
most
Oct. -*20
on
stores in the Second (New York)
Federal Reserve District increased 13% over a year ago.
The com¬
that
Buffalo
has
change
745,253
„
residential
faith that in America there is no
us
Percentage
200,287
construction
New
Southern New York State...
around
1
1943
(In thousands
of dollars)
Percentage
of dollars)
Class of construction-
Central New York State——A
ringing affirmation "to all the world
Let
-
~—Federal First 8 Months-*—-
—Total First 8 Months
Schenectady...
pass.
that
Y
;
.
"Though the value of Federal construction contracts during the
first eight months 'of this year was less than one-half the value, of
such contracts during the same period last year, the heaviest decline
being in residential building, the dollar value of non-Federal work
was more than one-fifth greater."
■
1 ■ ' ■■■
Department stores-
but
Let
residentj&l
new
rise of the same relative degrees
in the value of additions, alterations and repairs.
New non-residen¬
was
Because they be¬
lieved those things and built upon
them, this nation has been richly
ican
—15.2
$857,485,000 for the corresponding period of 1943.
more
people.
that
—
3.9
that
government should
be the servant, not the master of
never
..,—44.0
"The cumulative dollar value of all building construction Started
areas of the United States thus far in 1944 was $745,253,000,
They
get ahead in the world.
ship"
8.4
Federal
in urban
home, to raise
own
family—free to
believed
—
Additions, alterations
that
should be free
man
Worship
of his
tates
established
without distinc¬
creed or color. They
man
tion of race,
—19.2
+ lb.4
—
2.6
—
'
Total
—21.0
That
which they built..
on
—
5.6
—
...
1
Federal
Federal
1.1
Federal
6.1
—
Other than
Other than
Total
construction
New
into
creed; faith in the
or
'
building were
than twice last
more
showed
'together, again,
fellow mgn
our
of race,
*
residential
new
third less.
a
faith; faith in the good
our
non-Federal
and
substantially lower this August than in August of 1943. On the other
hand, in the case of new non-residential building, the non-Fed-e'ral
We need above all to
unity.
}diss
i
respectively-."
•
the
steer
quiet peacetime waters where we
can again make progress. We need
in
nonresidential
new
or
3%,
and
drop in the value for all urban building construction
Ship of State steadily through the
balance
6
with
Miss Perkins continued:
'nothing to offer save more of
same quarreling and vacilla¬
longer
residential
new
crippling Gov¬
because
program
has
the
of
compared
as
started between August of this year and last
result of
regimentation.
opponent
10%,
those
Perkins also stated:
income and freedom of both labor
and business from
than
more
building,
increased national
an
during August was virtually the
Additions, alterations, and repair values de¬
during July.
as
clined
Sept.
govern¬
work and get ahead.
looking
same
Second
the American peo¬
an
workers will be
this
construction program," she said, and added: "The
war
valuation of private building begun
"Niagara Falls.,
men
marry, go to
war
ginning of the
Elrnira
They will want to
lion
why those who believe in
system of government, Repub*-'
licans and Democrats alike, agree
Our
scheme.
a
All this is the inevitable result
decadent practices.
won,
voice
a
of
history has
so
sponsorship of such
"a
and the
us
Communists.
the
and
our
the
them
erecting
and
policies."
before
of
Party to
join
Republicans in defeating the
New Dealers, the Political Action
was
members of Congress and accused
fence between
and
Building construction started in urban "areas of the United Slates
during August was valued at $85,000,000, or '6% less than In July,
Secretary of Labor Frances Perkins reported on Sept. 30. "The nearly
18 million dollars in Federal contract awards in August were 21%
below the total for July and lower than in any month since the be¬
With
shifty,
Never
the
Committee
Democratic
the
of
lieved
have watched the
slippery nature of the
istration
denounced
Action
is only one way for the real mem¬
twelve years we
ically profitable to Mr. Roosevelt,
he
the high¬
Sidney Hillman's
are
Earl Browder's Communists. There
fight¬
when victory is
achieved—and will keep its prom¬
ing
political approach was not polit¬
so
bidders
est
a
program
It has been put
block, for sale to
the highest bidder, and
to learn
administration that
an
more
cares
There
Roosevelt,
peacetime years
of rules and regu¬
of petty bureaucratic in¬
ap¬
tives in Congress.
suc¬
mass
terferences.
away
through
go
sacrifice
and
never
approaching full employ¬
We need to sweep away the
lations
The people of this country are
determined
that
we
shall
not
who
eight
strangling
change.
again
in
country in the
our
those
even
ment.
for
of
future
hands
in
day of final victory.
auction
was
No
old.
once
nothing
us
for
We
talks
My opponent
and
war
principles.
the
Aug. Building Permit Valuations 6% Under July
win in this election. That is 'to
credit
our
must have
we
here in America a land of oppor¬
radio
eers,
its
or
on
we
Monday, November -13,1944
49'44-
Aug.
Sept.
200
149
110
151
159
160
100)
—-—
128
*109
128
•129
—
*124
*120
131
124
'•
Volume 160
Number 4333
THE COMMERCIAL & FINANCIAL CHRONICLE
State and
2123
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALASKA
3.
tion
Election—A
special elec¬
has been called for Nov.
14
in order to have the voters pass on
issuance of $150,000 in bonds
the
for expansion of local utilities.
interest
at
Phoenix), Ariz.
special elec¬
tion has been, called for Nov. 14
tq .have the voters pass on the is¬
suance of $45,000 in bonds to fi¬
a
construction bonds offered Nov; 6
they bear
than the rate
more
Aver.
offering prices, which
must be less than par. The
right
of acceptance or
rejection of all
Interest
ed
tenders
made
so
not
any
sented for
be
will
as
The
was
Vernon
the
Kimber,
of
estate
his
returns
earlier
expecta¬
the
siring to acquire homes and farms.
being probated and the
son
Supreme
the
Court
Constitutional
lecting agencies of all taxing sub¬
divisions
in
Orange and Dade
Counties, in the respective coun¬
in the process of
now
Florida
that
proposing
to
con¬
solidate tax assessing and tax col¬
executor
father,
claims
ties themselves, was not
properly
drawn and therefore could not be
to be the
de¬
reach
are not
crop
Amendment
late Benedict Kimber of Ventura.
to pro¬
veterans
of
manner
tions.
ruled
The state is
an
although
not
required
for
21/2%
$30,000,000 bonds
war
crippling
pre¬
by law.
John
approved
that loss will
that losses, while severe,
legal
not
destroyed
was
On the whole it appears
means.
redemption within four
The claim
issue of
loans for
the
on
were
after maturity,
years
Bonds Approved—At the Nov. 7
vide
interest
grounds that they
(State of)
voters
and
replanted
be total by
presented by At¬
torney George Ditz, representing
payment will
election
the
Page had refused to pay the
ron
CALIFORNIA
Cost
2
years
will be
bonds
2, 1944.
21/4%
%
years
years
15
and
Dec.
on
1%%
71/2 years
10
fields where truck
Previously City Treasurer My¬
any part of the bonds so ten¬
dered is reserved. Immediate con¬
firmation will be made of
accept¬
California
Maturity
immediately referred to the city
treasurer.
the lowest
or
exceed
to
below,
12 Vh
Maricopa County, Cushion School
District (P. O. Phoenix), Ariz.
'Bond "Sale—The $6,000 coupon
not
the State Capitol
Bldg. All bonds
purchased will be purchased at
values:
school unit.
new
rate
a
.
computed on the
basis of
average
maturities ac¬
cording to standard tables of bond
(P. O.
Election—A
all
the net interest cost to the
shown
nance
bonds and that
revenue
city not to be
Cr eight on School District
that
agree
be sold at public sale to the high¬
est and best bidder, you to guar¬
antee a bid of at least 101 for said
3%;
ARIZONA
•Bond
would
bonds to be issued would
revenue
Ketchikan, Alaska
Bond
You
only heir.
Represented in the
claim are placed before the electorate
in
$8-000 in Municipal Bonds of 1915, November. The opponents of the
the last of which matured July
at the rate of 5-100 of 1% for each
1, measure have expressed them¬
increase of six months in average Past Year
Pasadena liquidated 1939, and 296 coupons represent¬ selves in favor of consolidation
ing $7,300 in interest on the bonds. but objected to the manner in
maturity over 7% years for any three bond issues this past
year,
The city treasurer rejected
which the amendment was drawn.
pay¬
average maturity not specifically which knocked off
$796,000 from
ment when bonds were first pre¬ It
listed above.
is
the
hoped, therefore, that an
city's
outstanding
bonded
sented for payment July 6 of this amendment
It
would
be
understood
and
satisfactory to all par¬
debi, City Controller Harold M.
year.
ties can be drawn up and present¬
agreed that any agreement en¬ Hines revealed recently in his an¬
Such interest cost to be
adjusted
Pasadena, Calif.
City Retired $796,000 Bonds In
—
—v.'
160, p. 1450—were awarded
Hannaford & Talbot of San
to
Francisco, as 2s, at a price of
100.055, a basis of about 1.98%.
Hated Dec.
1, 1944, and due $1,000
1 from
Dec.
on
1945 to 1950, incl.
tered into between the city and
high bid of 100.458 for, yourselves would be void and of
was made;by Refsnes, Ely,
no effect in the event:
Second
2%s
Beck & Co.
(a) You failed to bring terms of
sale
Tucson, Ariz. r
Councilmen
Houses
Contact
Local
on
"Citizen"
Tucson
ported in part
Bond
Utility Sale—The
of
Oct.
follows
as
17
on
re¬
City
Council action looking toward the
acquisition of agents for the city
on
pending utility disposal deal:
a
above outlined to the City
of Tucson for their acceptance or
as
rejection within a period of 60
days from the date of your em¬
ployment.
(b)
If
sued
be
on
1, 1945., unless such
Ditz
to City Manager C. W.
The
three
bond
down
pares
that
last
age
the
elder
January
and
failing health six
death
Sewage
.plant, voted in 1922;
$300,000 Municipal Light plant
voted in 1921; and $84,000 Water
Department voted in 1924.
Pasadena's
bonded debt to
$7,652,300 of which
that
$5,304,000 has been assumed
sum
died
in
been
several
send
a
dormant
a
over
night to
the mayor's sig¬
nature to two bond houses
if
their
asking
obtain
original offer to
utility at an $8,500,000
the Tucson
figure was still effective.
■The mayor, who was opposed to
the
was backed up in his
only by Councilman Wil¬
liam Codd, with Fred Lee Forrest
move,
In
the
company
with
the
the bonds
prior
years
result
were
to
that
not
the
presented
letter
last
night by .air mail to Stranahan
Co., Inc., and John Nu-
Harris &
& Co.
veen
at
The former is located
Toledo,
O.,
main office in
Niemann's
lows:
"I
motion
ahan Harris &
&
veen
Co.
as
was
forward
to
latter's
fol¬
that the mayor
move
instructed
with the
Chicago.
be
Stran¬
to
Co., and John Nu-
the
letter
herewith
attached for the purpose of ascer¬
taining
whether
they would be
interested in acting as agents for
the city in the acquisition of the
utility. system and related assets
as per the-report of Duff & Phelps
of the Tucson Gas Electric Light
& Power Co. under the terms and
conditions set forth in said letter
and that-said letter be forwarded
air mail
tonight."
The letter follows:
■.
At.
a-meeting of the Mayor and
Council of the City of Tucson held
on
Oct. 16, 1944, I was instructed
to ascertain whether you would be
interested
in
acting as. agent for
the City of Tucson in its endeavor
to acquire the utility system of the
Tucson
Gas,
Electric Light
&
Power Company on the following
basis:
,1.
amount
issued
viso
equal
of the
1%
to
sary
and
Electric Light & Power Company
including physical properties and
and
as per the
report of
Phelps rendered to the
City of Tucson under date of July
25, .1944.
than
price
a
of
not
more
$8,500,000.
.2: You
the
at
agree
to
furnish
par
to be
to and including
$8,500,000 with the
that
if
for
failed to make
any
reason
bid for the
a
par
pro¬
you
reve¬
properties
the city.
as
to the title of
to be received by
and
refuse
to
is effective.
the
pay
The
claim.
the
said
can
other
the
hand, the attor¬
in good faith
bonds
city
pay
now
off the bonds.
of
Coral
present
Gables
can
exchange present bonds
the new refunding bonds is
for
waive the statute of limitation
cents
exchange plan whereby the
holders
On
effective and
we
will be
glad
to forward detailed information to
interested.
anyone
valuation.
Fort
benefits
of
-
economic
conditions
est tax delinquency in 15
years, it
being only 1.34%. War continued
to
influence maintenance and
placements
of
due
to
re¬
thq .unavail¬
materials,"
CONNECTICUT
(City of), Conn.
Offering—Neilson D. Dale,
Commissioner of Finance, will re¬
Note
sealed
bids
1944-45
Auto
Division
Auto
license
fees.,.
lees....
until
noon
tax'
Intransit
auto
8,694.00
1,015,017.52
37,063.25
....
Severance tax
Sand and gravel.,....
Sales tax
insp.
Fertilizer
Oil
3,683,151.16
7,224.00
1,027,030.81
...
Cigarette tax
Cigarette permits
Peed
$38,228.30
489,898.84
10,352.87
3,314,049.67
8,496.05
3,413,087.00
14,905.34
4,756.25
42,227.30
54,735.14
4,307.40
16,321.76
7,410.00
41,660.08
39,807.46
3,524.64
3,395.02
fees...
tax
.....
......
i-..
Liquor permits
Confiscated liquor.,..
Gasoline permits.....
Income
"
-4.00
254.793.98
423.914.10
956.41
tax
Drivers
Pool
license
table
Wine
617.02
"
i'.oo
981.08
Advertising, awards...
Beer permits.
Beer tax
18.177.50
.
49,000.00
465,333.80
tax
817.50
tax
24.947.Q0*
tax
1,130.00
/•
2.994.23
Wine permits
Liquor tax
Imported wine tax...
Tiquc shIps tax.....
Mineral .rights-
m-alth
Oil
8,037.00
5.185.00
394.730.73
48.160.64
186,702.71
98,119.11
130,no
salvBTe
gas
Tctnl
year
13.08
2 973 70
73.00
10.373.497.62 10.535 576 39
rvPWnric. alltax items, calendar
Wanted
Treasurer
Refunding
ments.
It
will have
La
—
and
Board,
float
make
bonds
improve¬
Claremont
election, but'that
funds
Earl
Page
member
of
to
meet
its
Myers,
board specialists, for
processing
procedure to be followed in con¬
nection with the
Fort
are
Redwood City, Calif.
Bond
Issue
Result
Undecided
—Fate
of
the
proposed
issue
of
$998,000 public works bonds will
be
not
definitely
later in, the month.
San Francisco
known
until
(City and County),
—
$13,250,000 bonds
000.000
venile
sewer
as
and
detention
Suit
ment
lot
follows: $12,-
$1,250,000
ju¬
home.
—
road
disMct
bonds.
Series
E.
"Tenders will
be
accrued
Mr.
Page's office
in
the
Stockton, Calif.
Seeking Bond Pay¬
Filed
A
claim
for payment of
$15,350 in bonds of the city plus
interest
City Council
was
on
filed-with
Oct.
23
and
however, been
to
The
recent
30
days'
published
in
upon
right of redemption
Oct.
the
to
pay
holders
redeemed
so
to
the
date
demption
by
the
at
of
the
bonds
principal
:>
■
amount
•
4
exercised
1; 1953:
on
before
or
at the
and
Oct.
that
ercised
blown
down.
rus
crop
will still be large.
of
be
on
at
annum
redemption
re¬
exercised
before
or
the
rate
of
if such right
shall be ex¬
thereafter
and
on
or
before Oct, 1, 1963; and at the
Esti¬
The
1958;
l%*per
cit¬
mates prior to the storm indicated
the -largest citrus crop on record.
Even withi the storm loss the cit¬
1,
Oct.
1V2%
if such right of
thereafter
citrus
of
rate
a
was
2
annum if such
right of redemption shall be
.
-
and to truck crops in certain sec¬
tions.
Reports vary
as
to the
amount of damage but all
agree
fruit
the
.r^ite of 2% per
.
.shall
rus
for
immediately preceding
such; redemption date at the
struck
of
ad¬
such
on
years
demption
amount
re¬
borne
also
interest
per annum
enormous
the
such
rate
but
ditional
parts of the west and central'por¬
an
of
not
only
principal amount of said
on
the
of damage to
on
1, 1968, it will
tions of the State pretty hard did
great deal
1^
bonds and the interest there¬
marked
storm which
$70,-
interest payment
any
before
bonds
con¬
mayJket,
particularly slightly below askipg
prices.
•
*''' ' I.
and
Myers and in New York
on
the
fairly
undertone
1967
notice
such
or
recessions any place along the line
and there appears to be a
strong
1965 to
1949; provided, however, that
the
shall
exercise
City
levels al¬
no
Due
if
slightly, particularly in the
speculative situations. There
have,
bonds.
date not earlier than April
off
more
Calif.
Bonds Voted
The voters
on
Nov. 7 authorized the issuance of
have
same
A
par and accrued in¬
terest,
either in whole on
any
date
not earlier
than
April 1, 1949; or in part by
of the dollar bonds
some
M.
City, at
acterized by extreme dullness in
the Florida Municipal bond mar¬
though
election.
bids
A.
follows:
as
redemption,
nicipal bond news, prepared by A.
B.» Morrison
&
Co.,
Congress
Building, Miami;
Prices, however,
1,
prior
of the regular bulletin on mu¬
ket.
11
1,500,000 Series B bonds.
Due
on April
1, 1978.
Subject to
following information
tinued at about the
Series
000 in
The past month has been char¬
The city has a contract with the
law firm of O'Melveny and
announces
refunding
ments—The
Sealed
000 in 1968 to 1970.
is taken from the most recent is¬
sue
the
stated
bond
has
the
costs.
State
at
majority vote will
to
was
a
Verne
that, the Board will receive sealed
received
to
necessary
2,151.80
$36,133,722.16.
Tenders
State
96.00
893,09
leases...
on-oss
1943,
11.593.29
19.981.19
inspection.:,..:
and
?8.24fi,00
6n8.960.73
.......
Refunds.
required
until
$35,000
in 1946 and 1947, $40,000 in
1948 to 1951, $45,000 in 1952
to
1955, $50,000 in 1956 to
1959, $55,000 in 1960 to 1962,
$60,000 in 1963 and 1964, $65,-
Mr.
19,010.50
43.890.00
457,195 03
.......,
machine
A two-thirds
be
20,964.25
fees
inspection
46,447.25
404.768.42
'
fees.:.,..
Inheritance
Malt tax
144.624.97
—
received
$1,300,000
April
on
1943-44
$34,165.63
134,524.94
3,618.174.88
Gasoline
Offering
be
E.
Stamford
ceive
Myers, Fla.
(EWT), on Nov, 26, by Charles
Chandler, City Clerk, for the
purchase of the following coupon
refunding of .1944 bonds aggre¬
gating $2,800,000:
the Nov. 7 election.
reflected by the low¬
was
Bond
will
Hines Nov. 14 for the
purchase at dis¬
count of $750,000 notes issued in
Pomona, Calif.
anticipation of taxes due Sept. 1,
have no claim against the city for
Bond Election Contemplated—
1945. The notes will be dated Nov.
expenses or services rendered,
A special election will be held in
15, 1944 and mature on Oct. 16,
January in order to have the 1945.
ARKANSAS
They will be authenticated
voters pass on the proposed issu¬
as to genuineness and
Arkansas (State of)
validity by
ance of $250,000 in bonds for re¬
the First National Bank of Boston,
Gross Tax Collections Published
construction of the present sew¬
under advice of Storey, Thorndike,
—'The following is a statement of
age disposal plant and necessary
Palmer & Dodge of Boston. Deliv¬
gross tax collections on a fiscal
expansion
of
sewage
facilities, ery at aforementioned bank on
year basis from July X, as reported which
serve the Towns of ClareNov. 15 against payment in Bos¬
in a bulletin issued as of Nov. 1
mont and La
Verne, as well as ton funds.
by Murray B. McLeod, Arkansas Pomona.
The exact date of the
FLORIDA
Revenue
Department
Commis¬ election will be fixed
by ordi¬
sioner:
Florida (State of)
nance
at a meeting of the
City
4 Months
4 Months
Municipal Market Develop¬
Council.
a
to be issued and
assessed
8
improved
bonds at the premium and the
ability
interest rates above specified, you said.
would be paid no fee and would
satisfactory legal tenders until 11 a.m.
(CWT) on
opinion as to the validity of bonds Nov. 27 of non-interest bearing
the
of
is
which
nue
the
would
city with
the
up
of
related assets
Duff
of
bonds
revenue
...
would do all things neces¬
proper to acquire the
utility system of the Tucson Gas,
son you
$100
per
maturity
property for and
on
bonds
the
Vending
As agent for the City of Tuc¬
levy
these
amendment
an
reconciled before the amendment
of
., COLORADO
City of Tucson would agree..to Just 10 years ago the tax for the
Weld County (P. O. Creeley), Colo.
you simultaneously with the same service
was
34
cents
per
Bonds Voted—An issue of $420,delivery of revenue bonds to the $100, Mr. Hines revealed.
000 hospital building bonds was
purchaser for all expenses in¬
"During the past year the city
heavily endorsed Jay the voters at
curred and services rendered an'
continued to feel
value
the
consummated
was
tax
servicing
such
could take
pay
Priser, J* O. Niemann, and Homer
Shantz voting for the motion by
send
of
We
if made of general
that
any
county,
the
value
to
$2,000,000, Mr. Hines points out.
The
the -event the acquisition
belief
Niemann
properties and assets is
not feasible.
last
voted
letter
stage for
members of
four
weeks,
council
Legislature.
in
has
the
1945
been
had
ney
aforesaid
the
believe that
for payment within four years
a
to
an
for payment by the
march on Mayor time is extended by yourselves.
Metropolitan
(c) If for any reason it would Water District
Henry O. Jaastad and his citizens
leaving Pasadena
be determined by the city or your¬ with
utility committee, arid tired of the
the somewhat modest bonded
delay in the utility deal, which selves that the acquisition of the debt of something in excess of
'Stealing
ed
at
application so
if it desired,
advantage of it, would
bonds lay untouched in a safe de¬ meet with
very little opposition.
posit box.
He had acquired the It should be simple in form with
bonds from his mother, who also the details of
operation covered
died at an advanced age in 1921.,
by legislative enactment and suf¬
The City of Stockton, Ditz de¬ ficient time allowed so that the
clared, can stand on the defense city and county rolls can be fully
upon
made
was
Treatment
This
declared
Kimber
advanced
issues
which the last payment
include
the
$412,000
is¬
not offered for sale
before Feb.
or
bonds to
revenue
were
nual report
Koiner.
rate
.
if
of
Vz
such
shall
and
be
on
of 1%
right
exercised
or
per
annum
of redemption
thereafter
before Oct. 1,
1968.
Monday, November 13, 1944
2124
Dated Oct.
Denomina¬
amount, will be made on or after
$1,000. Bidders are requested
to name the rate or rates of in¬
terest not exceeding 3% per an¬
July 1, 1945, on surrender of said
bonds in negotiable form accom¬
1, 1944.
tion
%
of Va of 1%;
provided, however, that the serial
bonds maturing in any one year
may bear interest at a rate which
unless. registered as to
and interest, by all
Jan. 1, 1946 and subsequent cou¬
pons,
at the Chemical Bank &
Trust Co., New York City.
Bonds
exceeds
registered
%
3%
maturing
in
bear
by
annum
per
at
his
his
amount and
the
bid
ma¬
bonds
all
and
rates
interest
000,000
Completion
unlimited tax to be levied on
an
ing
property (including
homesteads)
within the present
territorial limits of the City. The
bonds will be awarded to the bid¬
taxable
all
City
the
their
of
all
on
the
maturities,
respective
the
No
bid
of
than
less
en¬
236,000
a
for
Court of Lee County,
has
cree
ject to
a
be
bonds
the
provisions
issued
of
will
The
a
under
demption
f
resolution
of
taxes
resolution
the
for
to, the
be
had
above
bonds
Dec.
7,
be
made
Co.,
that
of the
posit
be
such
his
accompanying
returned.
the
Enclose
a
bid
for
$56,000, payable
conditionally to the City.
the
above
city
obtainable—such
high court, in passing
per
the
(P. O. Decatur), Ga.
,
A.
an
on
Bond
un¬
Offering
Clerk
Namara,
receive
chase
of
Nov.
J.
until
will
noon
17 for the
pur¬
of $1,000,000
2% industrial
and domestic water supply bonds.
Dated Nov. 1, 1944.
Denomina-
tion $1,000.
Interest M-N.
Due
$40,000 Nov. 1, 1949 to 1973. The
bonds may be registered
as
to
principal
with
interest
or
the
City Treasurer, interest being in
form with the principal
coupon
and
interest
at the City
payable
Treasurer's office, or at the fiscal
depositary
York.
issued
of
These
the
are
City
in
New
the bonds auth¬
orized at the election held
on
ing} expired and bids for the purehhkej<of the bonds being subject1
thatvafl
3%% Refunding
1940, Series GM, aggre¬
th
water, S.ykes & Galloway, of New
Ahe
legal
opinion
of
Vande-
$7,623,000, are called for York. No bids will be considered
payment on July 1, 1945.
Dated for less than the par value and
April 1, 1940. Due July 1, as fol¬ accrued interest on said bonds.
lows: $1,390,000 in 1961, $1,575,000 Each bid must be specific as to
irt 1962, $1,693,000 in 1963, $1,633,- the amount of the bid,, and must
000 in 1964, and $1,332,000 in 1965.: be
accompanied by a certified
gating
Payment of the principal amount' check for 3% of the amount
bonds, together with
of
'
'
3%
'
'
a
pre-{payable
stum
01
'
'
■
men
!
i
'
10
a.
m.
school
Dated Dec.
1, 1944.
$1,000. Due Dec. 1,
Denomination
1945 to 1956.
The right is reserved
reject all bids and to sell all or
to
part of
said
A certified
bonds.
transcript and the approving opinion of Chapman & Cutler, of Chi¬
cago, will be furnished the suc¬
and
all
1, 1944. Inter¬
follows: $2,000 in 1945
bids
tioned.
shall
Enclose
be
,
him, '
condi¬
so
certified check
a
for
$500, payable to R. J. Bienvenu, President of School Board.
,
as
bonds.
purchase
New Orleans,.La..
;
.
,
.Bond Call;— Horace P. Phillips, ;
Secretary Board of Liquidation,:
City Debt, announces call for re¬
demption on Jan. 1, 1945, of outStanding courthouse bonds bear- *
ing the following numbers: 356' to
378, both inclusive.'
;
V'
;
-
..
.
awarded
Bonds Offered for Investment—
The
the
firm offered
above
public
yield
1.80%, according
said
subscription at
from 0.60% ' to
to maturity.
,
■
1
of
;
J
CJty.
1, 1946 to 1965.
bidder.
only
the
an
15, 1944, and due se¬
Nov. 1 from 1945 to 1959,
rially
on
incl; 'Callable
15, 1949, at
on
or
before
per acre per year on
trict.,
price of 103; there¬
price.
a
Sale—The
3—V.
$25,000
water
bonds offered Nov.
revenue
160, p. 1906—were awarded
Oct.
1944
1,
follows:
due Oct.
and $2,000
inclusive.
1949
1,
and
Dated
1,
as
$1;,000 from 1945 to 1949
inclusive
1959
2.35%.
of 'about
basis
from 1950 to
Redeemable
on
or
later
any
Oct.
interest
date, in inverse numerical order,
on
30
days' notice.
Second
high bid of 100.564 for 2!/2S was
made by the City Securities Corp.
of Indianapolis.
Bonds Voted—At
the
voters
a
revenue
offered Oct.
Bond
refunding
19—V.
awarded
were
160,
to
p.
the
valorem
Nov.
1,
are
1948
1966
1967
inclusive
to
subject
$2,000,
and
to
from
$3,000
They
to
optional
are
Vernon Parish (P. O.
Leesville), La.
Bond Sale—The
$25,000 court¬
redemption.
Proceeds of the issue will be used
in
the
redemption of an
of
outstanding
house and jail bonds offered Nov.
6—v. 160, p. 1570—were awarded
equal
414%
to Barrow,
Leary & Co. of Shrevebonds, which have been called for port. Dated
Sept, 1, 1944.
I
redemption on Nov. 1, 1944, at
^
; ' v
104.25.
;y,y
MARYLAND
t
{
■
recent elec¬
the is¬
approved
Baltimore, Md.
Overton, Ky.
Bond
Bond Election Result
Offering—W. C, Rose, City
Nov.
til
KENTUCKY
1
the
works revenue refunding bonds.
County (P. O. Pineville), Ky.
'.Due Dec. 1,
Sale —The $67,000 road Dated Dec. 1, 1944.
and bridge bonds offered Nov. 6-1- as follows: $2,000 in 1945 to 1949,
v.
160, p. 1907—were awarded to $3,000 in 1950 to 1955, $4,000 in
the Weil, Roth & Irving Co. of 1956 to 1960, and $2,000 in 19-31.
that bonds
Cincinnati,- - the only bidder,' as Provided; however,
2%s,*at a price of 103, a basis of maturing on and after Dec. 1, 1956,
about 2.419%.
Sale consisted of: shall be callable as a whole qr; in
Bell
7
election
Bond
Series bonds. Due Dec.
interest
on
MICHIGAN
plus' accrued
interest pay¬
Tenders
part and in the inverse
their maturity,
on
any
on
or
after Dec. 1,
'
'
certificates
8 'P- m.
order of
interest
date
as
follows:
$4,000
price
of
avyarde^^.Stein Bros.
Louisyil}^, as follows:
a
■
>
<r.l
are
dated Dec. 1, 1938.
:
i
■
- i-
-
thgt
:
t
the
purchased as iy2s,at a 'price
100.116,: a basis of about 1.44%,
Due $5,000 on Nov. 1 in 1945 to
of
1947. Second best bid
was an
by
&
Barcus,
Kindred
Co.,
offer
Chi¬
cago, of 100.14 for l%s.
Wayne County (P. O. Detroit),
Mich.
Bonds
Defeated—Proposal
to is-'
Sue
$7,000,000 bonds to finahce q
post-war city and county building
program was defeated at the Nov.
certified
.
until
were
not less
purchaser. • Enclose
check for $500;
series7A, B and C
indebtedness
Village Clerk
$15,000 .hospital
construction bonds sold to Crouse,
Bennett, Smith & Co. of Detroit,
as
noted here—v4.160,, p. 2013—
states
n.
& Boyce of
William
—
Price Paid —The
par.
a
;
-
Ontonagon, Michi
;
payment date at par and accrued
interest, olus a premium of. 3% of
at
V
(EWT) oh Nov. -20.: The
certificates
.
ment
of
,'
able at the Peoples
•
Wanted
sealed tenders, of,
:
1956.
At the
-
Steinhaus, City Clerk, will receive
Principal and interest pay¬
Bank & Trust
23,000 Refunding of 1945, Series Co., OwentonySaid bonds will be
sold to the highest and best bid¬
B bonds. Due July 1, as fol¬
lows: $4,000 in 1973 and .1974, der with interest' rates not to ex¬
3%' for
bOnds' maturing
and $5,000 in 1975 to 1977. ceed
from 1945 to 1955, and2Va% for
Callable at par plus accrued
interest on any interest pay¬ bonds maturing from 1956 to 1961,
ment date1
'
any
1,1965.
—
voters
Centerline, Mich.
.
$44,000 Refunding of 1944, Second
the
ap¬
bids Un¬
proved an issue of $19,300,000 va¬
p.m. (CWT) on Nov. 14 for
rious improvement bonds and re¬
purchase of $50,000 water
jected a $3,000,000 paving loan.
Clerk, will receive sealed
to 94.-
par
-
(
of $20,000 municipal land¬
ing field bonds by a count of 124
at
*
-
.
-■
suance
Callable
Denomina¬
opinion of B. A. Campbell, of New
Orleans, will be furnished to the
purchaser.
1949
1969 inclusive.
taxable
tion $1,000.
These bonds were
authorized at the election held oh
Oct.
31, 1944.
The
approving
dated
1944 and mature Nov. 1,
$1,000 from 1945 to
inclusive;
on-all
Dated Jan. 1, 1945.
follows:
as
tax
Pay.
ad
unlimited
an
$500, payable to the district.
1946 and 1947, at 102.94,
the remaining maturities to
101.99;
The bonds
from
property within the district.
Enclose a certified check for
Bankers
Co., Inc. of Louisville, which
the 1945 maturity at
1969 at 103.
*
>.
Due Jan. 1, 1946 to 1965.
able
bonds
1787—
re-offered
and
*
23,000 Public Improvement bonds.
Ky.
'0 Bond Sale—The $49,000 water
works
amount
Stafford, Kan.
tion
Enclose
a
certified
$600, payable to the
district.
New Castle,
each and
check for
lower
a
Payable from
tax of 22 V2 -cents
acreage
every acre of land in the-dis-
May
than par
Jan. 1, 1950 and 1951, and $5,- yalue "plus a premium of 3% of
000 Jan. 1, 1952 to 1954.
par.
The city will furnish the
final approving legal opinion of
Leitchfield* Ky.
Bond Sale—The $71,000 revenue Peck, Shaffer & Williams, of Cin¬
cinnati,
and
will
furnish the
bonds offered Nov? 6—v. 160, p.
bid,
printed forms without cost to the
Delivery oi
.
& Boyce
Stein Bros.
Dated Nov.
,
'
to
Louisville,
INDIANA
Delphi, Ind.
to the. Mayor and. Alderr; £012—were
the
of
after at
Oct.
bonds
mium
purchase of $144,000
bridge refunding
est J-D. Denomination $1,000. Due
1,
the
of
$60,000 not to exceed 4% interest
and
Dated Dec.
bonds.
for
•
Mc-
Council,
bids
sealed
on
P.
—
outstanding
of said
the
road
8
.
KANSAS
Call—Director of Finance
of
for
Dec.
on
.
Savannah, Ga.
on
announces
will
Board,
receive sealed bids until
cessful bidder without cost to
Lacy,
County Judge, will receive sealed
(EWT) on Nov.
June
School
Shaw,
-
at 103
election
will
approving
Only the
Fuller
E,
C.
F,
—
and
..
,
Bond
Offering
bids until 2 P. M.
27
of
C.
S.
.
a
vote'* of
freeholders.
priginal 4, by a vote of 8,849 to 33.' Said
•bond issues must be submiftedTbr{ bonds,
having, been
confirmed
and validated by judgment of -the
a
majority vote of "the eiecf
stated the Supreme CohftT-;'* %i! 'Superior Court, Eastern Judicial.
%
: !';i:sj/•„
vii'
Circuit of the State, the time for!
Miami, Fla.
3bfi< H
eXCfcptibns to said judgment hav¬
r
prices dependent
redemption.
|
works
de¬
affirmed
be
may
:
Bond
3%
Secretary
—
1946, $3,000 in 1947 to 1952,
$4,000 in 1953 to I960, $5,000 in
ILLINOIS
1961 to 1968, $6,000 in 1969. to
L Blandinsville Township, III.
1973, $7,000 in 1974 and 1975, and
Bonds Voted—At a special elec¬
$6,000 in 1976.
Provided, how¬
Sikes Sch. Dist. (P. O.
tion on Nov. 2 the voters approved
Sikes), La. ♦
ever; that the County reserves the
an issue of $38,000 road improve¬
! Bonds Voted .—: At. an election
option to pay on. any interest pay¬
held on Oct. 3 the .voters
ment bonds.
approved
ment date, on and after Dec. 1,
the
issuance
of
$50,000 - school
Community Consolidated Schs Dist. 1954, at par and; interest, any or
building bonds by a count of 110 1
all bonds numbered from 29 to
No. 152 (P. O. Bethalto), III.
to 15.
The Winn Parish School 1
: Bonds Sold—An issue of $17,000
144, upon 30 days' notice given to
Board declares that the bonds will '*
building bonds has been purchased the holders by publication in a not be
marketed until after the
by the Municipal Bond Corp. of newspaper having general circus
war.
;
Alton, as 2V2S, at par. Due in 20 lation among bond houses and
bond buyers in New York City.
Vermilion Parish Gravity Drainage
years. Voters ^approved the issue
at an election in September.
Principal and interest payable at
District No. 3 (P. O. Abbe¬
the Chemical Bank & Trust Co.,
ville, La.
McHenry County, Community High New York. Enclose a certified
Bond
Offering —J, R, Simon,
School District No. 157 (P. O.
check for $2,500.
Secretary Police Jury, will rer
Richmond), III.
ceive sealed bids until 4
p.m, on
Bonds Sold—It is reported that
Marion, Ky.
Dec. 5 for the purchase of $53,000 ;
$97,000 2% semi-annual building
Bond Sale—The $30,000 2%%
not to exceed 4% interest
bonds,
bonds were purchased recently by
school building revenue bonds of¬ as follows:
v
Daniel F. Rice & Co. of Chicago.
fered Nov. 6—v. 160, p. 2012—were
$30,000 Drainage bonds. Due Jan.
Due in 1945 to 1964.
annum'..
is¬
sue of $25,000 swimming pool and
skating rink bonds.
the is¬
sue, ruled that refunding bonds
which do not' attempt the pledge
of new or additional security for
payment,
2s and
,
rate
2%%
Oct. 26 the voters approved an
issue
1
was
as
,
rate
Nashville, Ga.
the
by
without
the
at
Bonds Voted—At
State Supreme
Couft, thereby clearing the way
for the refunding program.
The
their
refunding
such
lowest
Kalb Co.
(EWT)
bond
"
"
'
of
with
bonds
100.531, as reported in v. 160,
1787. ■
;
p.
proposed
the
refunding
■
to
interest
of
Bonds Fully Vali¬
dated—The local Circuit Court's
recently
also
various post-war im¬
provement bonds previously sold
at ltis to a syndicate headed by
the Trust Co. of Georgia, at a price
Refunding
decision validating
1V2S.
Fox, Reusch & Co. of Cincin¬
Bonds Voted—At the November
nati, as 2^s, at a price of 100.652,
election the voters approved the
Fort Pierce, Fla.
$3,484,000
Edward L.
offered to take the issue
for
proceed
certified
check
15 years.
to
In the
delivery
case
to
Co., second high bidder,
prices
the
De
der the contract to purchase the
in
2—v.
awarded
Paine, Rice & Co. of Spokane, as
l%s; Dated day of issue and due
2 to
at
date of
Magoffin' County (P. O. Salyersville), Ky.
Nov.
1906—were
Bond
by private holders from bonds of
the same type and character shall
be taxable by the terms of any
Federal income tax law, the suc¬
cessful bidder may, at his election,
be relieved of his obligations un~
and
Callable
recom¬
GEORGIA
bonds the income received
New York.
prior to the
1944, and due serially on Nov.
from
1945 to 1961, incl.
15
$45,000 coupon
offered
bonds
p.
bonds
of
not to exceed
about
event
bonds
was
and
the' Manufacturers $1,600,000
at
160,
Administration
of
ap¬
Trust
,
few
:
resolution
Board
relating
or
on
such
accompanying
Bond Sale—-The
formally requested the Board
of
City, and bid forms, may
upon application
to the
Clerk. •
Delivery of the
will
re¬
next
the
approving
to
Masslich & Mitchell of New York.
information
second
State
plication to the above Clerk, or to
Additional
A
and
pay¬
upon
within
or
mending $852,000 Bridge of Lions
bonds now being serviced by the
Copies of the
be had
may
exchange
■
adopted
hereby made for the provisions
reference to the levy and
collection
$729,000 by
weeks..
with
ment of said bonds.
in
Offering
-
of
adopted by the City Council on
Sept, 16, 1944, reference to which
is
bonds
of old out¬
outstanding bonds to the amount
favorable decision of the
Court on this appeal.
Supreme
refunding
new
standing bonds and also provides
the refunding of remaining
will be sub¬
of the bonds
of
equal amount
an
for
Supreme Court of the State. Any
award
completion of the
authorized, by
the
program
The resolution, as prepared by
City Attorney M. L. Stephens, calls
for immediate exchange of $1,-
will be
The bonds were vali¬
decree of the Circuit
and this de¬
been appealed to the
tertained,
dated by
recent
a
ac-
and
par
bonds offered
The
—
unanimously passed last May. "
for less than all
crued interest, or
Refund¬
resolution of the Commission: and
1
of the
for
refunding
and
IDAHO
Burton &
less
bid.
of thd premium
amount
at
before June 1, 1949,
on or
Bond
a
on
in from
Fla.
Bond
Commission
vides
until
bonds
was
.
City, such cost to be considered
as
the aggregate amount of in¬
terest
$1,-
meeting passed; a resolution for
realizingthe, refunding of the
city's bonds.
Since all litigation
relating to the validation of the
city refunding bonds : has been
ended, the resolution passed pro¬
offering to purchase them at
lowest
interest cost to the
der
of
bonds
deposit
his bid will be returned.
sewer
of
Authorized
Program
the
Coeur d'Alene, Idaho
bonds
St. Augustine,
any
the
case
(P. O.
approved at the Nov. 7 election.
Registerable as to principal alone;
general obligations; payable from
of
terms
■
improvement
at
character shall be taxable by the
and sur¬
Interest
issue
Voted—An
able
type and
same
purchase
Palm Beach), Fla.
Trust
ufacturers
coupons.
date called.
on
Bonds
Principal
payable at the Man¬
Co., New York,
and interest
said
from bonds of the
()
Dec.
on
1961, incl. Call¬
22,000 2%% School building bonds
at a price of 103, a basis of
about 2.386%. Dated Nov. 15,
be
will
Port of Palm Beach District
of
maturity must bear in¬
one
terest at the same rate.
of
ceases
than four
No bid may name more
presentation
on
render
prior
and
,
serially
1 from 1945 to
received by private holders
come
Federal income tax
Coupons maturing
1945
1,
LOUISIANA
$49,000 3% water works bonds at
at price
of 104, a basis of
Georgetown School District No. 16
about 2.527%. Dated Dec. 1,
(Pi O. Colfax), La.
1944 and due
or
assignment
executed
attorney.
or
turities of the bonds of each rate.
any
" duly
.
in
a
blank of the registered owner
% of 1%, respec¬ July
Each bidder must specify paid
Va, Vz,
tively.
in
year shall
rate which is
a
at Savannah, or New
City,
at
the purchaser's
option.
In ,the event that prior to
the delivery of the bonds, the in¬
law, the successful bidder may, at
his election, be relieved of his
obligation under the contract to
accompanied by
at
3%
than
least
interest must be
bonds
York
price of 103 and there¬
after at a lower price.
to both principal and
as
another
interest
less
serial bonds
if the
1%
both principal
by Va, Vz,
per annum
of
or
panied,
in multiples
num,
the
j
/..election.
•
-
Volume 160
Number 4333
THE COMMERCIAL
MINNESOTA
Meridian, Separate School District,
Kandiyohi County Indep. Sch. Dist.
No. 47 (P. O. Willmar), Minn.
Bond
Offering—Alice C. Hedin,
District Clerk, will receive sealed
bids until 7 p.m. on Nov. 13 for
Miss.
Bonds Sold—A
2V4%
■.
$41,000 issue of
semi-annual
1944
bonds
is
purchased
Carter of
said
jointly
of
refunding
have
to
by
been
George
T.
Meridian, and the Union
fer
& FINANCIAL CHRONICLE
of
exchange was announced,
subscriptions have been taken by
the banking group for
$9,787,OOu
offering to
of new, bonds.
est
2125
The balance
now
subject to cash offer, as well as
exchange, is priced on application
then said non-callable bonds will
be
sold
the
to
bidder
bidders
or
pay therefor the
additional price, which
shall
not
$1,000 the
high¬
price
by more than
value of said bonds.
exceed
par
to members of the
banking group.
Bids are desired on forms which
National Bank &, Trust (Official
announcement
of
the shall be furnished
by the Town¬
Memphis.
Dated Nov. 1, Oct. 28 exchange offer
appeared ship. The legality of the bonds
1944. Legal approval by Charles & on
page 1912 in our issue of Oct.
Will
be
approved
by Caldwell,
$1,000. Maturing without option of Trauernicht of St.
Louis, Mo.
30)..
Marshall, Trimble & Mitchell, of
prior payment on July 1, as fol¬
New York, whose approving
lows: $5,000 from 1946 to !954 in¬
opin¬
Fair Lawn, N.J.
MISSOURI
j
ion will be furnished to the
clusive and $10,000 in 1955. Inter¬
pur¬
Bonds Voted—Ralph M.
Kansas City, Mo.
Bryant, chaser without charge. In addi¬
est J-J. All bids must be sealed
Bonds Voted
At the Nov. 7 Borough Clerk, reports that an is¬ tion to the
price bid the purchaser
and
unconditional except as to
sue
of
$710,000 sanitary sewer must
election an issue of $750,000 park
pay accrued interest at the
legality which may be made con¬
bonds was approved
by the voters rate- borne
bonds was approved/ • '•- >
by the bonds from the
ditional upon the legal opinion of
on Nov. 7.
date of the bonds to the date of
Dorsey, Colman, Barker, Scott & Webster \Croves School Dist., Mo.
Barber
of -.Minneapolis,
Bond Election—At an election North Brunswick Township (P. O. payment of the purchase price.
whose
Enclose a certified check for 2%
R. F. D. No. 14, New
opinion must be accepted by the on Dec. 5 the voters will be asked
Brunswick),
of the par value "of the bonds of¬
N.J.
purchaser. -Delivery of the bonds to pass judgment on a proposed
fered, payable to the Township
Bond
will be made to the purchaser issue
of
Offering—Rose B. San¬
$800,000
construction
Treasurer.
-within 30 "days after the sale or bonds.
chez, Acting Township Treasurer,
the purchase of $55,000 not to ex¬
Planters
ceed 2% interest
Co.
refunding bonds.
Dated Nov. 1, 1944. Denomination
of
.
.
,
—
.
will
at his
option thereafter,' All bids
accompanied by a certi¬
fied check in the amount of $1,200,
•payable to the order of the Treas¬
MONTANA
must- be
of the School
urer
Marshall
District,
County (P. O.
Bond
King,
Harriet
—
Minn.
bonds
bonds
will
approved
by
the
$189,000 refund¬ voters at. an election on Oct. 10—
ing bonds sold to the First Na¬ v. 160, p. 1908. Amortization bonds
tional
Bank
of
Minneapolis— will be the first choice and serial
2013—were awarded as
the council, if amortization bonds
-160,
p.
A-O.
Minnesota
Refunding
Considered
Plan
Nov. 10
—
plan of the
State Rural Credit Department to
on
a
have the board repurchase $5,000,000 of bonds maturing over the
next two years, with a view to
refunding the indebtedness at a
saving of $200,000 to the credit de¬
partment.
Vim, Minn.
Issue—Issuance
Bond
of
airport bonds authorized
voters in January, 1942,
be made immediately after
$65,000
by the
council
issued and sold,
are
in
the
of
sum
The
a
like
day each
such
due
day
of
in
option
they will be
year
bonds
,
on
the
Nov.
paid.
The
of
Local Government Board has
ap¬
proved the borough's proposal to
refund
$94,000
bonds,
provided
maturing
redeem¬
are
maturity, at the
Township on
1955,
or
in
by
that
1960.
as
that
the
follows:
new
$15,000
1959
incl. and $19,The board was told
Borough Solicitor Rothermel
existing debt maturities are
"excessive."
the
on
any
date
payment
1955 to
000
outstanding
in-
there¬
West New Yorki N. J.
Further Debt Retirement Ap¬
proved—The State Local Govern¬
ment Board recently
town's
approved the
application to retire $104,-
000
general refunding bonds, the
paymerit to be made from a bal¬
ance
of
sum
ity in the payment thereof.
The Bonds will be dated and
will bear interest from August
1,
1944, will be of the denomination
of
one
der
$1,000 each, numbered from
consecutively upwards in or¬
of maturity, and will mature
in such annual serial installments
and will bear such rate or rates of
interest as shall be set forth in
the proposal accepted
by the Au¬
Interest will be payable
semi-annually 011 Feb., 1 and Aug.
1 of each year. The
principal, of
and interest on the Bonds wili be
payable at the office of Bankers
thority.
Trust
in
Company in New York City
any
United
coin
class
$294,213, from
railroad
taxes.
~
The
used $600,000 of
the money in the
redemption of
bonds against which the delin¬
quent rail taxes
pledged.
Dated Nov!
1, 1944. Denomina¬
$1,000. Principal and interest
NEW
currency
of America
of the
which
the
011
respective dates of pay¬
ment thereof shall be legal tender
for the payment of
public
and'pri¬
vate debts.
The Bonds maturing on or after
Feb.
1, 1951 will be redeemable
prior to maturity at the option of
the Authority on Feb.
1, 1950 or
interest,payment date there¬
after, as a ■whole, or in part, in
any
the
inverse
bers, at
and
a
order
of
their
num¬
,
redemption price of par
accrued
on or
before
mium
of
interest
to
before Feb.
of
2%
YORK
Feb/1, 1955;
3%
if redeemed
date
of
of
of
their
or a pre¬
value
par
thereafter, but on or
1, 1960; or a premium
their
par
value
if
re¬
deemed
thereafter, but on or be¬
fore Feb 1, 1965; or a premium of
par
value if redeemed
The Bonds will be secured by a
a contract and. of the
town
previously
were
or
States
an original
$894,213 received by the .1% of their
thereafter.
municipality in delinquent second
had
or
the Bonds
of default by the Author¬
of
published notice.
tion
case
redemption1 pius a premium of
4% of their par value if redeemed^
Due Nov.
bonds
1977,
mature
from
of
after, at the price of par and
accrued interest after 30 days
same
said
to
1,
terest
>
thereafter until all
are
1956
said
able prior to
and payable on
December, 1945,
amount
$4,000 from
1949, inch; $5,000 from
1956, incl., and $6,000
of
.vOaklyn, N. J.
Refunding Approved—The State
issue
Due
bonds
each
of $800 each; the
$800 of said serial bonds
20th
follows:
maturing in 1945
to 1955, shall not be redeem¬
able prior to
maturity, but
may
amount
become
will
callable
or
1, as follows: $4,000 in 1945 to
1949, $5,000 in 1950 to 1956,
and $6,000 in 1957 to
1977.
put into one single
divided
into
several
the
011
from 1957 to 1977, i*ncl.
from date of issue. If serial bonds
and
-
as
asked
were
181,000 callable bonds.
be
or
Bids
non-callable
as
1950 to
deter¬
mine upon at the time of sale,
both principal and interest to be
payable in semi-annual install¬
ments during a period of 10 years
the
New
Plans
may.
bonds
The State Investment Board con¬
sidered
sue
bond,
(State of)
bonds.
1945 to
•
-
sold and issued the entire is¬
are
■
until
Nov. 1, as follows:
bonds will be the second choice of
1,40s, at par. Due from Oct. 1, 1945
to 1949 inclusive. Interest payable
v.
bids
Nov. 20 for the
on
$181,000 non-callable bonds.
states that the
or
1
sewer
either
County Audit¬ pipeline
Clerk,
L.
receive
sealed bids until 8 p.m. on Nov, 20
for the purchase of $8,000 water
Warren),
"
Price Paid—The
'
Offering
Town
sealed
(EWT)
purchase of $181,000 not to exceed
6% interest coupon or registered
Clydepark, Mont.
4
'receive
8 p. m.
City without limitation of rate
amount in order to pay
in
pledge of
payments thereunder between the
Authority and The City of New
York by the terms of which the
said City agrpes to pay to the Au¬
thority on Jan. 15 of each year be¬
ginning in 1945 a sum which, as
whether amortization or payable at the First National Bank Hempstead Union Free School Dist.
of the date of the issue of the
All of said bonds
serial bonds, will bear date of of Milltown.
No. 9 (P. O. Freeport), N. Y.
will
Dec. 20, 1944, will bear interest will be general obligations of the
Bonds, will equal the principal
Bond
property owners accept price for
Offering—Margaret Smith, thereof and interest thereon
at a rate not exceeding 6% .per Township, payable from unlimited
due
District Clerk, will receive sealed
the land.
ad valorem taxes. Rate of interest
and payable in each such
year,
annum, payable semi-annually on
bids until 3 p.m. (EWT) on Nov.
to be in multiples of 14 or onewithout adjustment if any Bonds
Red Wing, Minn.
.V the 20th day of June, and on the
21 for the
bonds,
,
purchase of $90,000 not
tenth of 1% and must be the same
day of December of each
to exceed 5% interest school site
for all of the bonds. Bidders may
and shall be redeemable at
bonds.
Dated Nov. 1, 1944.
De¬
submit
proposals
for'
callable
the option of the Town Council on
age
nomination $1,000.
Due $5,000 on
bonds only, or fornon-callable
submitted to the voters at the any interest payment date. Said
Nov. 1 from 1945 to 1962 inclusive.
bonds only, or may {submit sep¬
Bidder to name a single rate of
April, 1945, election, in connection bonds will be sold for not less
arate bids for both
}#qilable and
with a project to cost(about $175,- than their par value, with accrued
interest, expressed in a multiple
non-callable bonds.
interest to date of delivery, and
000 to $250,000.
of
'
;
one-quarter or one-tenth of
Bond
It is
Election
Contemplated—
reported that an issue of sew¬
treatment plant bonds is to be
20th
year,
^
all
Rochester School District, Minn.
'
Bonds Voted—E. F.
Degel, Busi¬
Manager, reports that an is¬
of $1,800,000 building bonds
approved by the voters at the
ness
sue
was
Nov.
7
election.
St. Louis County Indep. Sch. Dist.
No. 35 (P. O. Buhl), Minn.
Bond
Sale—The
$208,000 semi¬
bonds offered
annual
refunding
for sale
Nov. A—^v* 160, p. 2013
awarded to J. M. Dain &
-—were
'
on
bidders must
state the lowest
Unless all bids for both the callr
are
retired
before
maturity,
and
said payments are to continue to
and including the year in which
the last of the Bonds mature. The
Bonds are further secured by a
pledge of revenues, subject to the
right of the Authority' to apply
them to operating and other' ex¬
penses and, so long as there is no
default in principal or interest, to
1%. Principal and interest (M-N)
and non-callable bonds are
payable at the Freeport Bank,
rejected, which right is reserved,
purchase the bonds at par. The
Freeport, with New York ex¬ other
'■
purposes.
Township
Committee
will
council reserves the right to reject the
change, or, at option of the holder,
either (l)yreject all proposals for
Each proposal must set forth the
any and all bids and to sell said
at the Chase National
Bank, New
the non-callable bonds and award
annual serial maturities for the
bonds at private sale.
All bids,
York City.
Coupon bonds con¬
the callable bonds to the bidder
other than by or on behalf of the
Bonds and the interest rate which
vertible into fully registered in¬
or
bidders specifying the lowest
State Board of Land Commission¬
struments.
The bonds are unlim¬ the Bonds of each maturity are to ,*»
rate of interest said callable bonds
ers of the State of Montana, must
ited tax obligations of the district
bear, which must comply with the
are
to bear and offering to pay
limitations
be
herein
stated.
The
accompanied by a certified
and the approving
legal opinion
therefor not
less
than $181,000
Bonds will mature on Feb. 1 of
check in the sum of $500 payable
of
Vandewater, Sykes & Galloway
nor
more
that $182,000 and" ac¬
to the order of the Town Council.
of New Yoi'k City will be fur¬ each year beginning Feb. 1, 1945
crued interest.
As -between pro¬
and. ending not later than Feb. '1,
nished the successful bidder.
A
Montana (State of)
posals for said callable bonds at
The interest rate on the
certified check for $1,800, payable 1980.
Financial Health Excellent — the same lowest interest rate said
Bonds will not exceed, 6%
to
and
order
of the district, is
re¬
The State is in better financial callable bonds will be awarded to
will be a multiple; of Ys or 1/lOth
quired.
; ;
condition than at any time in its the bidder or bidders offering to
of 1%.
The Ronds of different
New York, N. Y
history, according to a statement accept the least amount of bonds,
maturities
may
bear
different
made Oct.- 31 by Governor S. C. the bonds to be accepted being
Sinking Fund Offers Bonds— rates of interest but all Bonds of
Ford, who noted that "'We have those first maturing,- and if two City Comptroller Joseph D. Mc- the same maturity will
bear, the
more than $5,200,000 in the gen-, or more
bidders offer to accept
Coldrick will receive sealed bids same rate of interest. The
aqnual
eral fund, more than $1,000,000 in the same least amount of callable on
or about Nov. 14 for the
maturities and the interest rates
pur¬
the'village fund- and substantial bonds1 at /the same lowest rate of chase
of
$13,894,000 - principal shall be such that the aggregate
amounts
in various other State interest, then, said, callable:.bonds
amount ok city bonds.nowheld, of the. principal and interest of
funds.*'-5
v: :v" ■ will be* sold to the bidder or bid¬
in Various pension funds.the Bonds due and payable in any
-j
ders offering to pay therefor the
Counties
May
Issue
Airport
year shall as nearly as practicable
highest additional price, which New York City
Site 1 Bonds
R.
V.
Bottomly,
Housing Authority, eqq^l, t>ut not exceed $59,100. (In
State Attorney-General, has ruldd price -shall not exceed by more
"j
N. Y. :
making this computation for the
than $1,000 the
pa^* valug of said
that counties' may issub bonds to
Bond Offering
Chairman Ed-; 76^,^45, interest payable in that
bonds; or. (2) reject all proposals mond B.
finance
acquisition
of
airport
Butler announces that yqa^shall include interest from
for the callable bonds and award
sites.
sealed bids will be received at the!
;
-1' ' " :■'! the non-callable bonds to
Aug.v,t„ 1944, with no allowance
tbq bid¬
Authority's office, 122 East 42nd for accrued interest to be paid to
der 0? bidders
NEW JERSEY
specifying the low¬
the Authority on delivery of the
St., New York City, until jtl.ja.ro.;
est rate of interest said non-call(EWT) on Nov. 20 for thei<p,urr: Bonds.)
*
'
Atlantic City, N. J.
able bopds are to bear and offer¬
chase of $1,115,000 VladeekoQRy: >- Each
Cash Offer of Refundings—The ing to pay therefor not less than
proposal shall/offer' to
Houses Refunding.
BondsbpfAfei,1 purchase all the Bonds at a price
nationwide syndicate headed by $181,000 nor more than $182,000
guaranteed by, the City ofti New' not less than par and accrued in¬
Stifel,. Nicolaus & Co. Inc., is and accrued interest. As between
rate of interest at which
they will
able
.
Co. of Minneapolis, as VAs, at a
price of *100.78, a • basis of about
1.40%v Dated Oct. 15, 1944. Due on
April and Oct. 15, from Oct: 15,
1947 to Oct.
bid
was
an
submitted
15, 1958. Second best
IV2S,
-offer of 100.39 for
by
First; National
i
the
Bank of Minneapolis.
MISSISSIPPI
Coahoma
County (P. O. Clarks-V
dale), Miss.
Bond Sale—The issue of $60,000
offered Nov.;6—v.
bonds
160;. p.
1677—was awarded
Planters
Co.
of
National
the
Bank
&
Union
Trust
price of
as
follows:
$10,000 from 1947 to 1949, incl.,
and $15,000 in 1950 and 1951. Sec¬
ond high offer of 100.28 was made
by J. G. Hickman Co.
100.30.
Memphis,
to
Due
at
a
Jan." 1,
Meridian, Miss.
Bonds Sold—It is reported that
,
.
—
.
making a cash offer of $6,518,000
refunding bonds of the city.
of 3%
$147,000 21/4%. semi-annual re¬ These bonds are part of $16,305,funding of 1944 bonds were pur¬ 000 of new refunding bonds re¬
chased recently by George T. Car¬ cently offered
in exchange for
ter of Meridian, and the Union 3V2-4V2%
bonds of 1936-73 and
Planters
Co.
National Bank
&
Trust
represents
that
portion
of
the
of
Memphis, jointly.
Dated 1944
refunding
program
now
1, 1944.
Legality approved available either for exchange or
by Charles & Trauernicht of St. public subscription.
Since Oc¬
Nov.
Louis.
.
.
tober
28th, when the limited of¬
proposals
for
said
York.
be awarded to the
'
>
terest to the date of
non-callable
bonds at the same, lowest interest
rate said non-callable bonds will
bidder
or
bid¬
ders
offering to accept the least
amount of bonds, the bonds to be
accepted being, those first matur¬
delivery.
The
City of New York will un¬
conditionally guarantee punctual
payment of the principal of and
interest
on
the
Bonds
and
will
Port of New York
North
In
Tube
of
Authority, N. Y.
Lincoln
Tunnel
Operation—The North tube of
the Lincoln Tunnel will be
opened
pledge the faith and credit of the
to traffic on Feb. 1, 1945, accord¬
City for the' performance of the
ing, (and (if two or more bidders guaranty/'■; The City will have ing to an' announcement made
offer
to
accept the same least; power and be obligated, if neces¬ Nov., 6 by Frank C. Ferguson,
Chairman of The Port of New
amount
the
of 'rtbn-callable
same
lowest rate
of
bonds
at
sary,
interest, 'all
to levy ad valorem taxes upon
taxable
property
within
the
York Authority.
The North tube
will accommodate westbound
ve-
THE COMMERCIAL & FINANCIAL
2126
hides
New
to
4 lanes
On the
which
will be
two-lane
from
New
traffic,
a one-way,
roadway
eastbound
Jersey to New York.
The Port Authority
tribute
paid
water
between
New Jersey and
York.
"At
a
time when
civil construction has been
this
of
under
new
standstill,
-
time, the bonds
proposed new bonds.
it would not have been
New
most
at a
possible to
at
not
seek
present
outstanding
applied to the
have
interest
lower
a
rate
Said bonds
are
not
general obli¬
the
and
the
to
or
payment
interest
of
bonds
the
or
tions to
any
chapter
in
the
conquest of the Hudson by
Authority.
Ground was broken for the South
tube of the 80 million dollar Lin¬
latest
j
The Port of New York
Identical Bids Received At Re¬
cent Sale—The recent offering
of
$25,000 county school bonds pro¬
duced
an
rare
occurrence
in
mu¬
nicipal finance when two of the
1934, and for competing firms made identical
in Feb.,
1937, ibids for the issue. The houses in
coln Tunnel in May,
tube
North
the
just two months after the opening
of the first tube.
The under-river
tube
second
the
of
section
was
;
question were McDaniel, Lewis &
Co. of Greensboro, and Kirchofer
& Arnold of Raleigh,, each having
made an offer of par plus a pre-
time) on Nov. 29 for the purchase
and $100,000 for resurfacing
of $70,000 244 % bonds, as followsL
and landscaping, publiclyowned cemeteries, the city will $35,000 Glenwood Ave. widening,
bonds.
Due $5,000: on Oct.; 1
protect vastly larger investments
ways
road's
from 1946 to 1952 inch. '
already made, By spending. $500,000 for tree planting
and new ; .35,000 Hogue St. widening bonds.
Due $5,000 on. Oct.
1 from
playgrounds,; parks and adqlt re¬
"1946 to 1952 incl.
;
creation areas
and $200,000 for
.
,
new
make this
nold,. with the result that the lat¬
1$43 the,South
444 million ve¬
reporting the circumstances of the
In
1941.
The
40th
and
to the North tube is
entered
Streets
and Tenth
shall
satisfy
In terms,
of
himself
covenants
said
and
Indenture
as
to
the
by raising general tax values.
Streets,
stated
well
as
from
established.
NORTH DAKOTA
North Dakota
South
by the electorate on Nov. 7.
recruitment
that
of
67
revealed
traffic officers for the North tube
cers
will be used
on
maintenance
:
Akron City
Bonds
Bond Issues Defeated—At a spe¬
on
Nov. 1 the voters
of $5,~
Voted—Bond
issues
ag¬
gregating $16,000,000 designed to
finance
an
extensive
post-war
and improvement pro¬
were approved by the voters
building
decisively defeated proposals call¬
gram
ing for bond issues of $1,300,000
on
and
issue
Cincinnati, Ohio
Bonds
cial election
School District, Ohio
Voted—An
980,000 construction bonds was
approved by the voters on Nov. 7.
jobs until their training commen¬
ces about December 15th.
Watertown, N. Y.
Nov.
7.
sioners,:
reports
authorized
on
that
Nov.
7
the
a
of interest than that herein speci¬
voters
fied
total of
interest
tiple thereof.
bonds
Ohio
with
Bonds Approved—At the Nov. 7
Mortgage election the voters authorized an
prepared by Feck,
Shaffer
Cincinnati, and
Squire, Sanders & Dempsey of
Cleveland, whose ! opinions ap¬
proving, the validity of the bonds
&
Williams,
ers
they were opened at the offices of Sept: .1, from March 1, 1950 to
Local Government Commis¬ Mafcb
1, 1952.
'
There were two bids, both
All bonds of this issue shall be
by syndicates, one of them on the callable as a whole or in
part on
basis of slightly more than 3.14% March
1, 1945, or on any interest
interest to be paid by the county
payment date thereafter, at par
and the
other on the basis of and accrued
interest to date of re¬
inside of tax limita-"
taxes levied
;
4
OKLAHOMA
Laverne, OMa.
-Bond Sale—An issue of $10,000
electric
light bonds-was awarded
Nov.
Ohio (State of)
to
3
Sraail-Milburn
Co.
of
,
Municipal
Market
rived from said bonds or the reve¬
nues
of the utility
rent income. In the
long
the taxpayers. But a
that
costly to
run,
decade of de¬
pression, during which every ex¬
tra cent the city could scrape to¬
gether had to be used for the re¬
lief of human misery, produced
than 3.15%. The in¬ demption, plus
a premium of 3% such a backlog of necessary re¬
principal if called on or before pairs and improvements that the
March 1, 1948, and 2% of princi¬ city government for the time being
of
has hoped to secure pal if called thereafter prior to can do no other tharhuse its counmaturity; If less than the entire cilmanic bond issuing;- authority to
the proposed refunding bonds in outstanding issue is called for re¬ perform these task$.7/
on
tions.
y
will be the method least
interest rate of not over 3% on
said
of
ordinances
certain
Oklahoma City, at par.,
[■
Dull—J. A.
White & Co., Cincinnati, reported
OREGON
on Nov. 9, as follows:
will be furnished to the success¬
Douglas County Sch. Dist. No. ISO
Activity in the Ohio municipal
ful bidder without cost. The City
(P. O, Sutherlin), Ore.
market was dull during; the past
Bond Election—At an election
will pay all legal expenses in conweek, largely due to the election.
on Nov. 14 the voters will consider
; nection with the
issue, including
Prices remained unchanged, how-"
■an
issue of $23,000 construction
the legal opinion and the prepara¬
ever, with all of our indices the;
and equipment bonds,
tion <4 the Mortgage Indenture,
: ,
same
today as a week ago,; the
,1
r
'•
as well as the cost of printing the
Lakeview, Ore.
yield on 20 Ohio bonds being;
bonds. Each bid shall be for all or
1.36%, on 10 high grade bonds
Bond Call—Municipal water re¬
none of the $2,000,000. Bids to be
1.19%, and on 10 lower grade funding bonds Nos. 43 to 53 will
on forms furnished by the Direc¬
bonds 1.53%.
be redeemed at par and accrued
tor
of Finance.
No
conditional
All twelve bond issues totaling
merest,, on Nov. 20, 1944, at'the
bids will be considered; but if,
$41,000,000 for Cincinnati city and Town Treasurer's office.
v
prior to the time the City notifies school
district
and
Hamilton
the purchaser that it is ready to
Newport, Ore.
County, that were submitted to
deliver the bonds, the income de¬
Bond Sale—The $90,000 series A
the electorate Tuesday, were ap¬
sion.
The county
Bond
the 2nd day of
Oct., 1944, and are payable from
at the Nov. 7 election.
of
the
an
Uniform
the
and
passed
City
•
'
.
■
•
.
refunding improvement bonds of¬
fered Nov, 6—v. 160, p. 2015—
awarded to
were
and due Jan, 1
1946
from
that more
available for the
given
than $5,000 is
purchase of re¬
funding bonds, dated Oct. 1, 1936,
and the village requests sealed
tenders for such bonds at a price
not
exceeding
the
face value
thereof.
To the extent of funds
available the village will accept
bonds so tendered at the lowest
offering price in accordance with
said plan and the laws of Ohio.
All tenders must designate the
full titles
and numbers of the
the
State Bond
Dated Jan.
Commission.
to
as
follows:
1,, 1945
$7,000
1951 inclusive, and
$8,000 from 1952 to 1957 inclusive.
Bonds maturing from 1951 to
callable
are
1957
in inverse numerical
order, at par and accrued inter¬
est,, on and after Jan. 1, .1950.
Second high bidder for the issue
Blyth & Co.
was
Oregon (State of)
*
tions.
issued under authority
are
of the General Laws of the State
of
—
more
sueh
bid
44 of 1% or mul¬
Said two series of
Act and under and in accordance
proved by the voters with large
shall be made majorities.
tion
Bonds Voted
The voters on subject to taxation by the United
Toledo, Ohio
NORTH CAROLINA
Nov. 7 authorized an issue of $14,- States, by the act of Congress or
Bond
Sale—The $32,000 side¬
000,000 bonds for a post-war con¬ otherwise, the purchaser of said
Craven County (P. O. New Bern),
struction program.
bonds may, at his option, cancel walk improvement bonds offered
N. C.
7—v.
160, p.
1791—were
the contract of sale. Enclose a cer¬ N0Vt
Additional Information — In
Cleveland,, Ohio
tified check for $40,000 payable to awarded to Braun, Bosworth &
connection with our previous re¬
Bond Offering—Sealed bids will the
Co. of Toledo, as Is, at a price of
City.
port that the two bids received for be received until noon on Nov.
30,
100.827, a basis of about 0.883%.
the $3,000,000 not to exceed 6%
Improvement and Repair Bond
Dated Dec. 1, 1944 and due $16,000
by Jos. T. Sweeny, Director of Fi¬
semi-annual refunding bonds of¬
Program Before City Council—
on Dec. 1 in 1946 and 1947.
Sec¬
nance, at Room 128, City Hall, for
fered on Oct. 24, had been re¬
The Cleveland "Plain Dealer" of
the purchase of $2,000,000 1 44 %
ond high bid of 100.14 for Is was
jected—v. 160, p. 1910—we quote
Oct. 25 commented editorially as
made by Stranahan, Harris & Co.
Transportation System
revenue
in part as follows from the New
follows on the city's bond issuing
refunding,, Series B bonds.
De¬
Bern "Sun-Journal" of Oct. 25:
Willowiek, Ohio
nomination $1,000. Dated Dec. 1, plans:
Bids for $3,000,000 Craven coun¬
Tenders Wanted—Village Clerk
We hope the day is not too far
1944.
Due as follows: $100,000 on
Dettman announces
ty refunding bonds were, rejected Sept. 1, 1945, and on March and off when the city of Cleveland William C.
by a committee representing the Sept. 1 in 1946 to 1948; $100,000 will be in a position to repair its that pursuant to: the provisions of
Craven county board of commis¬
on March 1, and $200,000 on Sept.
properties and even add to its the plan for municipal debt read¬
sioners in Raleigh Tuesday when,
1/1949, and '$200,000 on March and capital improvements out of cur¬ justment of the village, notice is
slightly
is
rate
fraction shall be
Lima, Ohio
>
provided that where a frac¬
tional
$9,000,000
bonds
for
post-war
projects
as
follows:
$3,500,000
public library; $3,500,000 trunk
sewers; $1,000,000 juvenile deten¬
tion home annex, and $1,000,000
,
$25,000 for school construc¬
Cincinnati City Schoot District, Ohio
and improvement purposes,
terest rates ran into further frac¬
for
check
•
OHIO
auxiliary
operation is now being undertaken
by the Port Authority. The offi¬
certified
A
broad program
Bonds
Defeated—Proposals to
proceedings authorizing the
of the bonds, including issue $1,700,000 bonds for various
Indenture of Mortgage, have projects were rejected by the vot¬
been
(State of)
Highway
lected.
Ferguson
a
The
the
Certificates Authortube share the Weehawken plaza kedr—An issuance of $12,360,000
on the New Jersey side of the riv¬
highway revenue anticipation cer¬
er, where all tolls will be col¬ tificates was apparently approved
Chairman
This is
ed to benefit the entire city.
issuance
Tenth
and
North
The
:
that
ment Commission was
and
Avenues, and may be
from
39th
and
40th
as
Trustees.
which to live and do business and
;
provisions
of
'
Avenue.
indirectly add to its future income
Denom. $1,000. Prin¬
cipal and interest (A~OJ payable
at
office
of the Sinking
Fund
Nov. 1„ 1944.
McDaniel, Lewis & prior to bidding for the bonds and issue of $390,000 memorial build¬
it was the first shall, by the presentation of his ing and nurses home bonds.
v
time that this occurred since the bid, approve and accept the form
Lorain County (P. O. Elyria), Ohio
North
Carolina
Local
Govern¬ thereof.
Co.
located in the block between 39th
Eleventh
purchased the issue.
dated
of the bonds will be
All
better community in
identical bids,
is more than 544 million.
access
firm
ter
hicles, and the estimated total for
this year
a
6, on page 2014.
McDaniel, of Mortgage area available to pros¬
Lewis & Co. made a buy or sell pective bidders at the office of the
for highways.
proposition to Kirchofer & Ar¬ Director of Finance. Each bidder
doubled, and construction of the
second tunnel was resumed
in
June,
fire houses the city will help
—
Nov.
During the next three years, traf¬
fic in the single tube more than
tube was used by
alier, Director of Finance, will re¬
ceive sealed bids until noon (Ohio
protect lakefront high¬
design¬ $700 covering one each, or for
It is $1,400 in the case of bids for the
of bond counsel, are
to be hoped that it will hot be entire
$70,000 bonds, is required.
this purpose.
harmed by any attempts in the The
bonds
will be
in coupon
The bonds will be secured by a
City Council to divert these funds forms and approving legal opinion
First Mortgage Deed or Indenture
in such a manner as to promote of
Squire, Sanders & Dempsey of
of Mortgage to be executed by and
ward politics.
Cleveland will be furnished the
between the City of Cleveland and
successful bidder at the city's ex¬
Hamilton County (P. O. Cincin¬
The Cleveland Trust Company as
pense.
Anyone desiring to do so
nati), Ohio
Trustee, covering all of the prop¬
Bonds
Voted
E.
J.
Dreihs, may present a bid for said bonds
erty now owned by the city and
based on their being different rate
used in connection with the opera¬ Clerk, Board of County Commis¬
the opinion
sufficient for
established which, in
May 2, 1938, and
10 days later the Port Authority imium of $55 for 144s. The Local tion of the Cleveland Transit Sys¬
decided to. suspend construction of Government
Commission there¬ tem, together with all extensions,
the 7,500 foot-length roadway due
upon made award of the bonds to betterments, replacements and ad¬
both firms as a joint account, as ditions thereto now or hereafter
to lack of sufficient traffic to jus¬
tify its completion at that time. previously noted in our issue of made, copies of which Indenture
holed through on
the construction of bulk¬
heads to
!
another
Youngstown, Ohio
•>
Bond Offering—Forrest J. Cav¬
Cleveland Airport, $200,-
000 for
tube because the
mark
$250,-
and acquisi¬
000. for improvements
of the principal
Representing, the county in Ra¬ part thereof, but said bonds are
leigh Tuesday were George W. payable solely from the revenues
Ipock, Chairman of the Board of of said transportation system as
pedite the movement of war ma¬
terials and war workers across County Commissioners; Commis¬ owned and operated by the City
sioner C. D. Lancaster, and Judge after
provision only for the ex¬
the Hudson,-' he said.
"During,
R. A. Nunn, County Attorney, the
penses of operating, maintaining
the past 10 months, almost 40,000
three members of the county com¬ and repairing said transportation
military vehicles have used the
mittee
with power to act,, and i system,
which maintenance ex¬
South tube, and we estimate that
County Auditor B. O. Jones. The penses include the money neces¬
more than 75% of the traffic now
county's group was accompanied sary to meet certain deferred ob¬
using this and other Port Author¬
to Raleigh by Attorney D. L. Ward ligations
and liabilities of The
ity tunnels and bridges, is of a
and Dr. B. E. Moore.
; Cleveland
Railway
Company
nature highly esential to the war
which, the city has assumed and
effort."
Hertford County (P. O. Winton),
for which certain funds have been
The use of the North tube will
N. C.
the welfare department,
in
general credit and reve¬
later nues of the City are not pledged
day.
ahead with work on the North
WPB recognized
the need for this: facility to ex¬
go
rate will be considered.
■
had the bids been accepted Tues¬
have been able to
we
any
shall be redeemed in the inverse
In providing $200,000 for the re¬ be purchased will be determined
pair of Cleveland Stadium, $350,- by lot under supervision of the
; : * ■
Therefore, gations, of the City of Cleveland, 000 for repairs and new buildings clerk.
bonds
would
completion
link
the
possible
making
Chairman
cooperation
the
to
Production Board in
the War
of
It was found
interest rate demanded
carries both eastbound
converted to
worthwhile saving' demption at
a
might be effected.
Hudson River.
date the South Tube,
same
now
westbound
and
The $1,800,000 bond repair and bonds tendered and must be made
improvement program submitted on or before noon, Dec. 1, at which
order of their maturity; and if less to the City Council by the admin¬ time the tenders will be opened.
that the
Bonds so tendered must be ready
amounted to more than the coun¬ than the entire principal amount istration Monday night appears to
have been well considered both for delivery to the village clerk
ty will have to pay on bonds out¬ maturing upon any principal pay¬
not later than Dec. 5, after which
standing at the present time for ment date is called prior to ma¬ from the point of view of the
the next 10 years, and the county turity, the selection of the bonds city's needs and from that of a date no interest will be paid upon
In
will be at liberty to make further so to be called shall be by lot. post-war construction program to bonds tendered and accepted.
efforts to refund at a lower rate Each bidder may present a bid at help take up any letdown in em¬ case more bonds are offered at the
since the bids have been rejected. par or par plus a premium. No bid ployment in the reconversion pe¬ same price than can be purchased
from the funds available, bonds to
The
callable
feature * of
the for a different or split interest riod.
that
order
providing
Jersey,
the
across
Monday, November 13^ 1944
CHRONICLE
Bond Issue Result Undecided-
Owing to closeness of the vote, restilt of the Nov. 7 election on
the
question of authorizing a $30,000,bond
000
issue
to
finance
horhe
purchases by war veterans cannot
determined
be
count
has
been
until
complete
a
made.
'
Sutherlin, Ore.
Bond Offering—Sealed bids will
be
13
until 8 p.m. on NoV.
(today), by Ward C. Watsojn,
received
City
of
Recorder, for the
purchase
$10,500
not to exceed 2*4%
semi-annually
refunding bonds.
Dated Nov.
15, 1944.
Due on Nov.
$1,000' in 1945 to
and $500 in 1955. Subject
15, as follows:
1954,
to call and
1949, and
redemption on Nov. 15,
any interest-paying
on
thereafter.
date
than
bid
No
for
accrued
and
par
less
interest.
amounting to $77,000- and $12',000
worth of general obligations bonds
coming due at the end of the year.
The-
of
at
the
and not less than
City Treasurer's office.
The
approving opinion of Teal, Winfree, McCulloch, Shuler & Kelley
of .Portland wilt be furnished the
not
3%
than
more
delphia), Pa.
1%.
Defeated—The
Bonds
proposal
to
issue $300,000 for a post-war
building program was defeated at
; Special improvements bonds are
the Nov. 7" election.
issued by the borough as payment
a
1943.
1,
June
Due
1, 1945.
three years.
"Refunding, series No. 1, Nos. 11,
to 26, 29«, 30, and 33 to 36, to
the amount of $10,500. Dated June
1,-1936. Due June 1, 1945 to 1956.
13
Marshall
Di
company
will
terms
previously mentioned
be
borough
recently
issued
a
benefit
will
of
because
lowering of interest
a
Dam
condi¬
"fMost of this work has already
done and paid for by the
South
Co.
as
"Following
listed
are
and
some
project, f$l,140,000.
been
the city will acquire our gas
electric services.
Carolina
When it is
labor
and
Electric
Gas
and
completed,
materials
as soon
avail¬
are
able, it will result: in a substan¬
on fuel* that will reduce
the city's cost of operation and
of tial saving
the benefits that will result from
city ownership of our utilities:
"(1) The-city is.-assured of an
annual income of $1,26(1000 that
increase
the
"Total
profit.
city's
additional
$1,-
assets,
640,000.
be used to reduce utility rates,
"Principal amount of revenue
local taxes on the utility bonds, $39,500,000.
"The General; Gas and Electric
properties, and to pay the cost of
city administration,, services, im¬ Co., owner of the South Carolina
provements,
schools
and
other Electric and; Gas Co., is now in
can,
pay
nancially by the new bonded
sue,
irrevocable
for
crow
free and clear of all debt.
"All of the
Cash to be placed in es¬
completion of Saluda
"(b)
receive title to
real estate,
buildings, power plants, equip¬
ment, other physical properties,
utility
fi¬ statement concerning the salient
is¬ points involved in the proposed charges that
Solicitor Kearney pointed out, purchase of the South Carolina tax bills;
The
1956.
to
all
—
•*
June
will, immediately
tions of the contract under which
West MifiRin School District (P. O.
to,
companies
making
repairs,
Pittsburgh), Pa.
certified Solicitor William J. Kearney ex¬
Bonds
Voted
The voters
on
plained, and rest for their secur¬
Nov. 7 authorized the issuance of
ity on liens filed against the vari¬
-Bond Call—W. C. Watson, City
ous
property owners benefiting $550,000 school building bonds.
Recorder, calls for payment on
from the repairs.
If these bonds
Dec.
1, 1944, the following 4■%
SOUTH CAROLINA
are
not
paid' off in five years,
bonds:
holders
can
obtain,
judgment
Columbia, S. C.
Water refunding, Nos. 19' to 26;
against the borough, as has been
29 to. 36, 39, and-40, and 42 to 106,
Mayor Sees Tax-Free City After
done in this case during, the past
to* the amount of $41,500.
Utility
Purchase — Mayor Fred
Dated
Enclose
check for $500.
-
rate
a
Springfield Township School Dist.
(P. O. Chestnut Hill, Phila¬
interest
issue will bear
new
Principal and interest payable at
purchaser,
2127
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4333
Volume 160
pay
on
electric
Residential
"(2)
Electric
now
we
our
rates
the
process
of disposing, of its
holdings, here under an existing
order
of the United; States/ Gov¬
pnd Gas Co.
will
be
reduced
approximately ernment. This order is in accord
of
He said that by Council's a,ction
40% as soon as the city acquires with the Government's intention
6% per year is paid on improve¬
(All bonds are. payable at the
authorizing a special election Nov.
to 'break up' large groups of. pri¬
our utilities, giving approximately
ments bonds, while the new bonds
28, a majority had fulfilled a
Cfty Treasurer's office;
Interest
will bear interest of not more
24,000 metered homes the equiv¬ vately owned utilities in the pub¬
ceases on date called;
promise: that the citizens, would
alent of free service five months lic interest."
than 3% and probably lower.
be given time to consider the pro¬
each year;.
The new issue will mature as
PENNSYLVANIA
posed plan of purchasing the util¬
Greenville, S. C.
"(3) After this rate reduction is
follows:
$4,000, on Nov. 15, 1945,
Bond Redemption Notice—The
ity for $39,500,000*
Baldwin Township School District.
v
made- the city will have left: more
$5,000 on Nov. 15, 1946, and every
The statement is as follows:
following notice has been made
;
(P. Q\ Pittsburgh)*. Pa..
than $1,000,000 a year that can be
year thereafter on the same date
"In authorizing a special elec¬
public by D. F. Dillard, City Clerk
•Bonds Voted—An issue of $550,used for public benefit.
This is
until 1962..
tion: at the advanced date of Nov.
and Treasurer:
000' school bonds* was approved at
Kearney
reported
that liens 28, a majority of Council has ful¬ $200*000- more- than the entire
The City of Greenville, South
the Nov. 7. election, according to
Columbia
collected
in.
against property owners are being filled a promise that our citizens amount
Carolina,
has
issued
refunding
Edward
R. Lawrence,
Solicitor,
property taxes last year; sufficient
gradually paid and that a special
rate
the
on
Interest
money.
,
would
Board of Directors.
-
Berwick, Pa%
—
D.
William
Offering
Bond
Nov. 27 for the pur¬
chase of $80,000 not to. exceed 2%
interest coupon, registerable as to
principal only, incinerator plant
bonds. Dated Dec. 1, 1944. Denom.
$1,000. Due $8,000 Dec. 1, 1945 to
1954„
Bids will be received for
the entire issue at any of the
above rates of interest, but no bid
on
combining two different rates of
interest will be accepted.
Regis¬
tered
The
principal only.
to
as
interest
the
thereon
bonds
and
will be
payable without deduction
tax or taxes, except suc¬
for any
cession
inheritance taxes,- now
or
assessed
thereon under any present or fu¬
ture law of the Commonwealth,
or
levied
hereafter
or
all of which taxes the borough as¬
The
bpnds will be sold to the highest
responsible bidder, provided such
and
sumes
to
agrees
bid is
not
crued
and ac¬
highest re¬
than
less
interest.
pay.
par
The
sponsible bidder shall be the one
having -complied with- the
conditions of sale, offers to take
who,
tl^e
the
whole amount of the issue at
cost
interest
lowest
to
the
borough, which, shall be deter¬
mined by deducting from the total
amount of. interest to be paid on
agcount of such bonds during; the
life
thereof,, the amount of pre¬
offered, if any, over and
above the face amount of the is¬
sue. These obligations will be pay¬
mium
able
from
taxes.
unlimited
valorem
ad
The enactment, at any time
prior to the delivery of the- bonds
of Federal legislation which in
disclosed
exemptions or otherwise, subjects
to a Federal income tax the in¬
bonds of
on
class or char¬
a
these bonds,
acter which includes
will, at the- Election of the pur¬
chaser; relieve the purchaser from
his obligations under the terms
of the contract of sale and entitle
Remaining
Free
Reach,
Bridge
on,
Toll
Impasse—It
was
Oct.
28. by
State
Highways Secretary Shroyer that
plans' to free Pennsylvania's re^
maining toll bridges "are stale¬
mated"
and that he has "no next
ample
given
time
to
city's proposed plan
to acquire our
of the South Carolina Elec¬
owner
tric and Gas Co. had not acknowl¬
edged its willingness to dispose of
its local utility properties to the
Until
city.
that
agreement
had
still in abeyance.
ating Gov. Edward Martin's pre¬
company
with the utility
have reached a point at
vious statment that "prices are which it becomes proper to inform
entirely too. high since we could the public of the terms and fac¬
tors involved, in. this proposal and
build, bridges for less money, r
Owners of the 10th structure, the following information is of¬
fered for public consideration.
spanning the Monongahela River
"During, their deliberations our
between Monessen and Charleroi,
refuse
to
submit
selling,
a
offer," Shroyer said. He revealed
that there was "little possibility"
of the State taking over the toll
spans under the $10,000,000 bond
issue authorization voted by con¬
"Negotiations
citizens
asked to bear in mind
are
these
important factors:
(1) ac¬
quisition of our gas and. electric
services must be financed entirely
from
the
bonds
(2)
stitutional amendment in 1933.
to
of;.
proceeds
issued
be
revenue
by the
city;
their b interest,
these- bonds,
sought by
the State and the offering prices;
and all other utility costs must be
Market Street and Walnut Street,
our
The other toll bridges
Susquehanna River at Har-
across
risburg, $3,128,000 and $1,700,000,
respectively; Clark's Ferry, across
Susquehanna
above
Harrisburg,
paid entirely from the income of
(3)
and
gas
bonds
these
ers;
$1,000,000;
cipal,
ble,
v
properties;
never be a
city oi: taxpay¬
can
neither can ever be held lia¬
$675,000;
town
electric
debt, against our
legally
payment of
Sunbury, same stream
Eighth Street, AllenLittle Lehigh River, $600;-
or any
other utility costs.
"The attention of
our
citizens is
$370,000 and $350,000, respective¬
ballot they
Marion
Monongahela
River, $420,628, and Elwood CityKoppel, Beaver River, $350,000.
election.
Point
Philadelphia, Pa.
Seek
Tenders
cates—H.
W.
of
Certifi¬
Gas
Latimer,
will
ditions
be
will
specified
use
at
our
on
con¬
the
special
In
Enclose a certified
check for 2% of the face amount
of; the bonds,, payable to the Bor¬
Assistant without
either our city or tax¬
Secretary of Fidelity-Philadelphia. payers
advancing, investing, or
Trust; Co., Philadelphia, reports becoming
obligated to pay one
a credit balance of $538,176.27 in. dollar.
Bond
-Offering
Authorized
;The
pay
offered
Nov.
6
—
1791—were awarded to
Rollins. &
a
Sons
price
of
of
Phila¬
107.399,
a
Dated Nov.
Phillips.
S.
K.
Schmertz
&
Co
Cunningham & Co...
105.929
..
L__-. 105.71'
105.38
Moore,
105.03
,
will
be
judgments
issued
of
to
record-
Blair &
Leonard
&
Lynch
Co., Inc
Union National-
104.04
Bank, Rockwood:,
Par
and is prepared to pay off
following City of Greenville
South Carolina, 40-year, 4Ik. and
5%
Water
Bonds,
optional
20
South
"(6)
If
utilities
attractions
as
cost;
fail to
we
now
to
Series- numbered from 1 to 2000
acquire our
Bank, New York City.
will pay for them
we
Mount Pleasant, S.C.
without owning them or
anyway,
Bond
enjoying their profit.
In the next issue
30
would
years
private
out
consumers
pay
$165,000,000 with¬
anything but their
owners
owning
paid bills.
"Following is a, simplified state¬
ment showing how the city will
acquire the $1,260,000 income re¬
ferred to. herein. Figures used are
from
official
based
and
upon
sources
are
a five-year average
utility company's figures
from 1938 through 1.942, these be¬
of
the
not
be
re¬
—
An
21/2%
refunding
sewer bonds has been approved as
to legality by Huger Sinkler of
Charleston. Dated Oct, 1, 1944. In¬
J-J.
terest
Due
Denomination
$500.
July
1, as follows:, $500 in
1962, and $1,000 in. 1963: to
1969. Bonds maturing subsequent
1945 to
to
on
July 1, 1951, are subject to call
any interest; payment date on
after said
date, at par plus ac¬
Principal and in¬
terest payable- at the Chase National
Bank,
New
York
City.
or
crued, interest
These
bonds wil be issued to ob¬
funds
tain
to
retire
and
on
pay
Jan. 1, 1945, a like amount of out¬
apply only to those properties
standing bonds called for payment
of the South, Carolina Electric and
Gas Co. that the city will acquire
and
are
adapted
to
municipal
cost of operation,
main¬
tenance, general taxes,
etc., $1,973,000.
"To
be
set
aside
bonds
debt
that date.
Bond Sale—An
and
and
ment
improve¬
bonds
revenue
sewer
purchased recently by F. W.
Craigie & Co., Richmond, and
C. W. Haynes & Co., Columbia, in
was
joint account.
Legality approved
TENNESSEE
Parsons, Tenn.
Bonds Sold—A
semi
21/2%
is
bonds
-
said
$24,000 issue of
annual
to
refunding
have been pur¬
chased; recently by
the Nashville
Securities Co. of. Nashville. Dated
principal
to.
issue of $77,000
refunding water works
for
property in good con¬
dition- $300,000.
"Annual: payment of
interest,
on
by Huger Sinkler of Charleston.
replacements, improve¬
ments and to keep the
of
$16,000
The figures are prorated
flected.
to.
would
activity
war
Legality Approved
of
reduce
Oct.
1,
1944,
Legality approved
by Charles & Trauernicht of St.
$2,000,000.
"Total cost to ci.ty--_
4,273,000
Louis.
Tennessee (State of)
Net Debt Cut $49,000,000
"Balance left to city_;!:$l,260,000
■
—
,iW,
J-
1937
—
The
bonded
debt
Since
of
the
cial liability to the city.
local
"(3) Before any payment of in¬
terest or principal can, be made to
and- for
other
utility,
buy our bonds, all
-
new
nancial assistance from, or finanr
those who will
.«
years:
";!,Tbis amount: may be use,duto; State in January, 1945, will reflect
net
reduction
of $49,000,000
reduce utility rates and taxes, pay a
costs must be paid
1, 1944 and due $2,500 on Nov. 1. first: costs of maintenance,,
oper¬
from 1945 to> 1954 inclusive.- Other
ation, taxes, etc., have this pri¬
bids:
ority.
»
Bidder-—
Rate Bid
Singer, Deane & Scribner___
.
money
off
H.
p.
basis- of about 1.109%.
—
Borough Council authorized ad¬
vertising for sale $89,000 of re¬
funding .and: judgment bonds, ac¬
cording to the Scranton "Tribune"
of Oct. 25, which. continued, as
follows:
160,
delphia, at
Ditnntore, Pa.
-
v.
E.
ough Treasurer.
.
bonds
ment
bonds
the
inclusive, each in the sum of $1,000 and representing a $2,000,000
industries that will provide new
issue, dated Jan. 1, 1925, due Jan.
employment' after the war, and
1, 1965, optional 20 years, or Jan.
new
payrolls to be spent in our
1, 1945.
stores;
These bonds, on their face, are
"(5) In 30 years or less all reve¬
payable
at
the
National
City
nue
bonds to be issued by the
Bank, New York City, they are
city will be paid off,, our profits
called for payment on Jan, 1, 1945,
will be considerably higher, and
and1 will be paid by the City of
we
will have acquired our valu¬
Greenville, South Carolina, at or
able
gas
and electric
services
through the South Carolina Na¬
without the city or taxpayers ever
tional Bank,
Greenville, South
having
contributed .one
dollar
Carolina,, or the National City
toward their
the
„
sixth series water works improve¬
property
using their ballots,
our
voters legalize those terms, ownership;
"Under municipal ownership:
and the city cannot acquire our
"The city will receive
utilities under any other condi¬
from consumers —$5,533,000
tions: the utilities must pay their
"The city will pay:
own cost from their own income
sinking fund applicable toward
"Following are the salient fac¬
purchase of 3V2 % gas revenue tors of the proposed plan: trust certificates, due Nov. 1, 1956.
"(1) To. finance acquisition of
the purchaser to the return of the
The trust company will receive our utilities the city will issue
amount deposited with the bid,.
tenders of such certificates, at a. revenue bonds. These bonds will
These bonds are issued subject to
price not exceeding 103.%, at its be a debt against the income of
the favorable opinion of TownCorporate Trust Department, until the utility properties only, and
send, Elliott & Munson, of Phila¬
noon. (EWT) on Nov. 17.
Tenders can never be a debt against our
delphia,; and will be delivered to
must, specify numbers of certifi¬ city or taxpayers.
the purchaser only if and. after
cates offered for sale.
"(2) Interest and' principal, of
the proceedings, authorizing the
these bonds, and all other utility
issuance thereof have been ap¬
Somerset, Pa,
costs, must, be paid entirely from
proved by the Department of In¬
Bond Sale—The $25,000 2V2%
the utilities' income without fir
ternal Affairs
local
all
applied and make Co¬
ing considered normal years in
morally, for any
which abnormal increases due to
the interest, prin¬
directed to the fact that these
ly;
so
or
000; Mimsi Trail and New Street,
Lehigh River;
Bethlehem,
over
eliminate
taxes if
upon
593,628 selling prices from nine of
the owners, Shroyer said, reiter¬
"still
to
utilities* before they
lumbia
the first- large tax-free
to decide this
city in the United. States;
important matter at the polls.
"(4)
Columbia can have the
"Until just a few days ago the
lowest taxes and utility rate in
General
Gas
and
Electric
Co.,
called
been reached it would' have been
step" in. mind.
New
bridges
could be built premature to have asked, the pub¬
cheaper than the aggregate $8,- lic to consider a matter that was
the repeal or omission of
terms, by
terest
Plans, to,
be
consider the
were
Pennsylvania (State of,)
receive sealed bids until
(EWT)
future" to collect delinquent
accounts.
lien
Secretary, will
7:30 p. m.
Borough
Arndt,
the
"in
conducted
will be
drive
near
taxes
on
utility
property,:
other public benefits.
"The manner in. which the pro¬
ceeds of the
revenue
bonds will be
used, is, described as follows:
"Total base cost of.
erties
to
utility prop¬
City of Columbia, $37,-
860,000.
"Additional assets to be added
The bonds will be a debt
against the ineqrne of the utilities to the city's purchase that the
only, and not against the physical city, will receive in cash:
"(a) Working capital to carry
properties we will acquire. When
the city takes over our utilities, it on the utility business, $300,000.
"(4)
I
since enactment of the 1937 Debt
Retirement
in
ai
M.
Act,, it was disclosed
report issued. Oct. 31 by W.
Budget Direc¬
reduction will
amount to, $56,081,Q00, the differ¬
ence of $7,0.00,000 between that to¬
tal and the net figure representing
bonds, of that amount issued, dur¬
tor.
Duncan,
The
State
gross
ing. the retiring administration of
Governor-Prentice Cooper; As a
result? of
the substantial slash
achieved
during
the
period, the
-
State has effected
a
saving of $16,-
751,756 in interest cost. Director
Duncan's report showed that on
June 30, 1944, the State debt stood
at
$88,756,394, of which $5,000,000
1, 1945,
will be amortized on Jan.
State debt of $83,517,394
incoming administration,
leaving
a
the
:for
provided
between
no new
bonds are issued
The Bud¬
and then.
now
Director pointed out that in
addition to amortizing the debt
under the schedules set up by the
get
the pres¬
1937 Debt Retiring Act,
cumulated
in
also
had
administration
ent
$8,371,-
contributions" to
''excess
of
ac¬
surplus of $8,917,827
a
general fund, diverted
999
and had a sur¬
the sinking fund
plus of $10,421,442 in the highway
fund, which when added to the
net reduction in the debt,
"had
tion of the State by
$70,000,000."
Mr.
approximately
Duncan
1
'
'
further
declared
highway debt on Jan. 2,
that the
next, providing no new bonds are
Issued, will amount to $26,889,500,
including various issues such as
the State Guard, university and
institutional obligations. Mr. Dun¬
can
visualized ,the reduction of
yearly
debt
up
30,
June
to
1967, when the, last payment of
$20,000 will be made—providing
no
new bonds are
issued by the
State.
report said that the State
at $131,256,394 at the
The
debt
stood
present retirement act
was
passed under the Browning
administration, including $8,153,000 of "floating debt" and refund¬
time
$23,000 in 1961 and 1962, $24,000
1963, $25,000 in 1964 and 1965,
in
$26,000 in 1966, $27,000 in 1967
and 1968,
and $152,000 in 1969.
Bonds maturing in 1954 to 1968,
the
optional
are
after Oct. 15,
or
on
1954; and bonds maturing in 1969,
State
Treasurer
cash
balance
Jesse
James, the
Sept.
1945,
start of the next fiscal year, will
jon
1,
$10,000,000.
This comfortable
will obtain even if the
State Legislature should increase
be
margin
lower bracket salaries of Govern¬
ment
employees
by
25%,
optional on any interest pay¬
James asserted. According to
ment date.
Principal and interest
Treasurer, the only drop in
payable at the State Treasurer's
come
to be experienced by
office.
Issued for the purpose of
are
refunding
rate
lower
a
like amount of out¬
a
bonds of the county, at
standing
of
called for
were
15, 1944.
from
interest,
valorem
located
the
all
in
the
which
payment
Said bonds
ad
against
payable
are
levied
taxes
taxable
property
county within the
provement
post-war im¬
was heavily
electorate
on
program
endorsed
Nov.
a
of $26,-
by
the
war
be in the oil production
he
decline,
any
exceed
Mr.
the
in¬
the
will
levy and
will not
added,
25%.
general
have to meet
The Treasurer said the
fund
the
to
does not
now
annually
off the bread bonds, and
has paid off a $23,000,000
drain
pay
that it
of
$2,500,000
Three years ago
$33,000,000. The fund
will get over $1,000,000 collected
by the Railroad Commission, ex¬
cess above expenditures; $854,000
from the tax on oil produced for
it
Bonds Voted—Issuance
the end of the
deficit in
Houston, Texas
250,000 bonds for
State at
Oct.
on
limits prescribed by law.
posi¬
financial
the
strengthened
this
a
year.
peared in
Houston
v.
of
the
160,
p.
projects
2016.
Bonds Voted—H. L.
ap¬
enforcement purposes,
$329,592
Mills, Busi¬
a year ago,
State income.
Manager, reports that the
Besides paying all its indebted¬
proposed $7,500,000 bonds for a ness, Mr. James said, the general
post-war
construction
program fund contributed 50% of the $40,carried by a
majority of more 000,000 spent on old-age assistance,
that 2 to 1.
practically doubled rural school
aid and raised the school appor¬
Hunt County (P. O. Greenville),
tionment to $25 a child.
T exas
Collection of delinquent taxes
Bond Offering—William C. Par¬
County
sealed bids until
20
for
court
will
Judge,
10
receive
Nov.
on
a.m.
the
purchase of $290,000
house and jail refunding
Dated
augment the general
fund. The total is $16,000,000 and
50% of all collected will go to the
that
added
James
Mr.
Jan.
since
funding
State
of
Borger, Texas
Unexchanged Refunding^ to Be
Cancelled
vised
—
that
Bondholders
are
ad¬
the final
pursuant to
decree of the U. S. District
Court,
Northern District of Texas, Amarillo Division,
Oct. 9, 1944, all re¬
bonds on hand in the
Comptroller's office at Aus¬
tin, Tex., not exchanged by Jan. 7,
1945, shall be cancelled and re¬
turned to the city.
1,
follows:
as
not less
than par are
offered.
The county will iurnish the pur¬
chaser the printed bonds,
com¬
school,
$7,500;
lunatic
asylum,
$1,800> and orphans' home, $1,400.
Called—State
Warrants
Treas¬
of legal proceed¬ urer Jesse James reports that all
ings, the approving opinion of outstanding State warrants arc
Cameron, Texas
Chapman & Cutler of Chicago, and now payable at par at the State
Bond Offering—Dan Tyson, City
will .p®y the expense of calling Treasury Department in Austin
Secretary,' will receive sealed bids the outstanding bonds. Enclose a Texas. Any and all State of Texas
until 3:30 p.m. on Nov. 14 for the
warrants
that holders may now
certified check for $5,800.
purchase of $25,000 not to exceed
have should be presented through
Mineral Wells, Texas
3y4% interest airport bonds. Issue
regular collection channels to this
Bonds
Sold—It is stated that
was
approved at an election on
department as early as possible.
Oct. 31.
$50,000 refunding , of 1944 bonds
Conditions/now indicate thai the
were purchased i:ecently by Louis
present cakh balance of $3,039,Corpus Christi Indep. Sch. District B.
Henry Investments, of Dallas,
129.32, supplemented by incom¬
(P. O. Corpus Christi), Texas
at par, a net interest cost of about
ing revenue, will sustain the State
Bond Election—It is stated that
1.47%, on the bonds divided as General Revenue Fund on a per¬
an election has been scheduled for
follows: $15,000 as DAs, due April manent cash basis;
Cooperation in
Nov. 18 in order to have the vot¬
1: $3,000 in 1946, $7,000, 1947; the
presenting the warrants for im¬
ers
pass on the issuance of the
remaining
$35,000 as iy2s, due mediate payment will be very
following bonds aggregating $1,~
$7,000 from April 1, 1948 to 1952. much appreciated by the State
750,000: $1,500,000 public school, Dated Oct.
1, 1944. Prin. and int. Treasurer's office.
and $250,000 junior college bonds.
(A-O) payable at the Mercantile
Price
Paid—It is
the
now
reported
plete transcrip
National Bank of Dallas.
$142,000
refunding
-
iy2%
purchase bonds.
terest rate
Hidalgo County (P. O. Edinburg),
prevailing
as
the bonds
outstanding until the dates of
now
call mentioned above, rates there¬
Texas
Bond Sale Details—The follow¬
will
after
depend upon the
the bonds to be
turity
changed.
Complete information is
in the recent
available
to all
and may
be secured from
21/2%
purchase of $650,000
permanent
improvement
bonds, report of which appeared
in v. 160, p. 2015: Barcus, Kindred
& Co., Austin; Dunne-Israel Co.,
Wichita; R. A. Underwood & Co.,
Dallas;
cago;
Worth,
Dallas.
C. F.
Childs &
Co.,
Chi¬
Smallwood
&
Co.,
Fort
and
W. A. Jackson, of
The bonds
are
dated Oct.
1944 and mature April 15,
as
agents for
la us
$19,000 in 1953 and 1954, $20,000
in
1955
and
1956, $21,000 in
1957
and 1958, $22,000 in 1959 and 1960,
I
'and
Kelly
ex¬
interested parties
the-following who
are
to series and bond numbers on
Dec.
1,
date
thereafter
1946,
University.
the
rate
12%
State's general fund is
manent cash basis and
to
figures
announced
of Ingebretsen, Ray,
Christiansen, of Salt
Rawlins
Lake City, will be furnished with¬
out cost to the purchaser. Enclose
Investment
in
The approv¬
of
the city: Stifel, Nico¬
Inc., Chicago; E.
time
Bidders to name
as
a
the
years
on
a
per¬
according
Nov.
&
certified check for 5%
of bid.
Com¬
Texas (State of)
General Fund in Balance—For
first
the
of interest.
ing opinion
interest
option of
any
on
at
any
Dallas, Tex.; Russ & Com¬
pany, San Antonio, Tex.; Rittenoure Investment Company, Wich¬
ita, Kan., and McRoberts, Graham
& Co., San Antonio, Tex.
the
or
the
acting
Co.,
Brown
as
3
by
local improvement bonds.,
Council.
question was raised yester¬
day when the William D. Perkins
Company, dealers in investment
securities, acting for the holders
of Shilshole Ave. bonds, asked the
if
Council
the
Improvement
As
canal
built.
financial
transaction
city
visits,
according
to.
Seattle's
the
' "Post-Intelligencei"! of
Seattle
Oct. 14,
which continued as! follows:
re¬
voters
Nov. 7 the issuance
on
of $3,500,000 street and sewer im¬
provement bonds.
Tacoma School
Bonds
Voted
District, Wash.
—
An
issuance
of
$2,000,000 construction bonds was
approved by the voters on Nov. 7.
WISCONSIN
Chilton, Wis.
tempted
through adjust¬
Ave., forced by
put
to
water
bonds
revenue
to
Harley,
ments of Shilshole
Haydon & Co. of Madison,
the
at
canal
project, which it bor¬
ders.
These
were
fi¬ bonds mature over a 25-year pe¬
improvement riod; callable after eight years at
Dated Nov. 1, 1944.
Asso¬
the property 102.
adjustments
the local
on
district
plan,;
owners
assessed
but
contended
the contractors put
the
than
in
that
higher fill
a
for and
called
contract
cancelled.
This left a shortage which was
met by issuance of general obliga¬
their
got
2s,
as
price of 99.75—v. 160, p. 2016
is
now
reported that the
a
—it
assessments
ciated with the above named: com¬
purchase
were:
& Co.
Walters & Gillespie
of Green Bay, and the State Bank
of Chilton.
%
the
in
pany
Heronymus,. Ballschmider
of Sheboygan,
tion bonds.
the
However,
pay
obtain
Legislature
the
from
bonds,
vetoed
the bill.
The Perkins Company asserts
paid
was
to
Council that only $125.90
the City
alleges,
each bond, leaving, it
balance of $74.10 due.
on
a
The bonds, matured in 1924.
Devin
Mayor
Plans
Post-War
Fund—Offering the first concrete
plan
advanced
far
so
Calgary, Alta.
Offering
Bond
rest of the
Governor
the
but
ALBERTA
State
act that would en¬
an
it to redeem the
able
CANADA
The city
bonds at full face value.
to
raised
off the
amount
proved insufficient to
raise
to
1, 1945.
The said debentures, in denom¬
inations
Clubs
Federated
that
on
Oct.
five-year program
a
24
aggre¬
gating $31,585,000 can be success¬
without strain on
fully financed
the
government or the tax¬
city
payers.
will actually be
we
than
ahead
farther
most
going
be
the years 1946-1951,
$170,000 to be retired
each year for
inclusive,
the years 1952-1961,
to be re¬
and $100,000
in the year
tired
will
debentures
The said
1962.
at
interest
bear
3% per annum with respect to
the
maturities of 1946-1951, inclusive,
and amounting to $1,200,000 and
3%% per annum for the balance
$1,800,000, and being the ma¬
of
1952-1962, inclusive.
of
"And
will
each,
$1,000
of
non-callable, 17-year Serials, with
$200,000 of principal to be retired
inclusive,
tral
Dated Jan.
refunding debentures.
each year for
F. Devin declared before the Cen¬
Miller,
receive sealed
bids until 3 p.m. (MWT) on Nov.
20 for the purchase of $3,000,000
funds for Seattle's post-war
pub¬
Mayor William
J. M.
—
will
Clerk,
City
lic works projects,
turities
cities
xvill
bids
Alternative
be
re¬
to prepare
programs that call for expendi¬
tures
far
exceeding ours," the
ceived for
Mayor added.
1, 1951, in whole or in part on any
interest date, at par, after 60 days
huge
spending
Explaining
sums
that
his
financial
proposal was purely a suggestion,
Devin said his program does not
include
needed
many
notice has been given,
on the proposed issue
payable Jan. 1 and July 1
each year. The debentures will
Interest
be
in
$31,585,000 by
Charles Wartelle's
agreement to reduce his estimate
City Engineer
putting over until
several projects not imme¬
$5,415,000
later
by
diately essential.
light department will pro¬
its $2,800,000 part
"The
and the water de¬
partment $5,700,000," Devin said.
"We can anticipate $5,000,000 in
the State gasoline
five years from
payable, both
in
interest
and
to principal
as
Canadian
funds
the Cities of Calgary, Edmon¬
ton, Toronto,
Montreal, Winnipeg,
Vancouver.
or
Tenderers
the
net
Calgary
for
gary
required to state
are
price to the City of Cal¬
payment
and
Calgary delivery of the definitive
debentures on Jan. 2, 1945.
vide funds for
of the program
and in the
will be
the original program
has been reduced to
Jan.
order of their maturities.
reverse
in
total in
equal amount of 17-
the above, but callable after
ning can provide.
Devin revealed that the $37,000,000
an
serial debentures similar to
year
improve¬
that only State aid to mu¬
ments
The
proposed
issue
is for
the
of retiring debentures of
the City of Calgary subject to call
as of Jan. 1, 1945, and is secured
purpose
$1,500,000
by the general credit of the Cor¬
poration of the City of Calgary.
budget surplus this year that goes
to the post-war reserve fund.
"Under a bill now pending in
the price for each issue separately.
tax
and
have
we'll
a
Tenderers
which we are assured
to pass, Federal funds
Congress
certain
is
are
municipali¬
highway im¬
allotted States and
ties
for.
post-war
provement
will
share
purpeses.
Seattle's
be
$2,250,000.
This
of funds in sight
requested to state
been
Province
the
of
Alberta
of
re¬
specting the issue and hll bylaws
are
subject
Board
to
an
of Public
order
of
the
Utility Commis¬
sioners of the Province of Alberta.
Each debenture will bear the
en¬
$14,-
dorsement of the Chairman of the
$14,335,000 can be pro¬
by issuance of $4,000,000 in
bonds for sewer. construc¬
sioners of the Province of Alberta.
"This
tion
are
Special statutory authority has
granted by the Legislature
1
$3,000,000 in
government for three decades is general bonds, provided the peo¬
back again for one of its periodical ple are willing to vote them.
haunted
the
that
problem involved did not become v'j Bond Sale Details—In connec¬
city at¬ tion with the sale of the $90,000
sewer
a
authorized
Incomplete
—
indicate
acute until 1914 when the
ghost
has
Bonds Voted
turns
Washington ship
But the financial
Lake
was
to 1898
back
dates
matter
the
vided
of
to
the origin
of fact,
matter
a
of the
when
Bond Redemption Discussed—The
which
:
Tacoma, Wash,
a
to $17,250,000, leaving
335.000 to be raised.
Seattle, Wash.
Local
"intends
city
general clean-up of all its
defaulted bonds at this time and
include the Shilshole Ave. issue."
make
of
Bond» Authorized—An issue
The
up
Defaulted
Sunnyside, Wash.
$70,000 2%% water revenue bonds
has been authorized by the City-
brings the total
WASHINGTON
pany,
follows: $15,000 in
1945, $16,000 in
1946 and 1947, $17,000 in 1948 to
1950, $18,000 in 1951 and 1952,
of
ma¬
ing,were associated with the Han¬
son-Davidson Co., of San Antonio,
maturing in 1947 to 1950, may be
redeemed at par in reverse order
between
average
in
nicipalities in their post-war plan¬
UTAH
Legality
semi¬ approved by W. P. Dumas of Dal¬
University of Utah (P. O. Salt
annual
bonds
sold las..
Lake City), Utah
jointly to Dewar, Robertson &
Texarkana, Texas
Bond
Offering—Leon D. Gar¬
Pancoast, and Russ & Co., both of
) Bond Exchange Offer—The city rett, Secretary of the Board of Re¬
San Antonio, as noted here —
is advising holders of $1,441,000 gents, will receive sealed bids un¬
v,
160, p. 2015—were purchased
bonds dated May 1, 1940, bearing til 5 p. m. on Nov. 13 for the pur¬
by the said firms at a price of par.
interest at 3%%, 33/4% or 4% and chase of $75,000 refunding field
Dimmit County (P. O. Carrizo
callable May 1, 1945, and $113,000 house bonds. Dated Dec. 1, 1944.
Denom. $1,000.
Springs), Texas
Due $6,000 June
bonds dated Nov. 1, 1940, bearing
Bond Election-An election is
and Dec. 1, 1945. $6,000 June and
interest at 3%% of '3%% 'and caU_
said to be set for Nov. 14, at which
$7,000 Dec. 1, 1946, $7,000 June
able Nov. 1, 1945, of the exchange
time the voters will pass on the
and $8,000 Dec. 1, 1947 to 1949,
offer.
New bonds are being of¬
issuance
of $75,000
airport site fered holders with the same in¬ and $5,000 June 1, 1950. .Bonds
that
and
policy of redeeming over a fiveyear period, at 10
cents on the
dollar,
$5,000,000
of
defaulted
tried
1,* 1945.
Due
Pearl Harbor, State special funds
$8,000 in 1946,
have bought and now own $108,$18,000 in 1947 and 1948, $19,000
in 1949 to 1951, $20,000 in 1952 to 080,900 in United States Treasury
and War Bonds, distributed as fol¬
1954, $21,000 in 1955 to: 1957, and
lows: permanent school, $39,733,$22,000 in 1958 to 1960.
Bonds
000;
permanent
University
of
maturing in 1956 and subsequent
Texas, $19,064,400; State highway
years are optional 10 years after
$30,000,000; teacher re¬
date.
Rates
of
interest
to
be surplus,
tirement system, $19,270,000; per¬
named in multiples of one-quarter
manent blind school, $2,800; deaf
or one-tenth of 1% for which bids
Jan.
TEXAS
resurrected
been
carrying out its recently adopted
will further
State.:
should
These
$1,000,000 and $1,500,000 a year,
connection
therewith
the
City as they do now, providing we con¬
to
maintain
our
present
Council faces a question as to how tinue
far back it is willing to go in financial position."
has
nanced
:
ness
ker,
The Shilshole Ave. bonds mat¬
ter
over
was
.which was
and $163,142
from the gas utilities enforcement
Independent School Dist., account.
The big-inch gas pipe
Texas
line just completed will add to the
List
7.
bonds.
ing bonds.
15,
Monday, November 13,1944
THE COMMERCIAL & FINANCIAL CHRONICLE
2128
projects
"The
and
remaining funds can rea¬
sonably be
five years
expected to come in
from budget surpluses.
Board
of. Public Utility Commis¬
ONTARIO
North
Bond
Canada
on
Oct.
2%%
Bay, Ont.
Sale—The Royal Bank
of
21
Toronto
an
was
issue
hydro-electric
funding bonds.
of
of
awarded
$135,000
system
re¬
@FedFRASER