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BUS. ABM. LIBRARY MONDAY 14 1943, NOV- Reg. U. S. Pat. Office Volume 170 Number 4855 New RAILROAD i York, N. Y., Monday, November 14, 1949 PUBLIC UTILITY - INDUSTRIAL - Price 75 Cents INSURANCE - Acme Steel Co.—New Chairman Elected— Chester M. MacChesney, Executive Vice-President, has been elected Chairman of the Board succeed to the late Charles S. Traer.—V. In This Issue Admiral Corp.—Stock Distribution ' Ross D. Nov. on Siragusa, 9 2,000,000 Mr. as Siragusa 100% a The be from said stock not 1.000,000 1,000,000 Stock quoted to the said that the authorized will be stQck Nov. on distribution of 10 ruled until Dec. on record that Dec. 7, 1949. the 1949.—V. 8, Akron Canton & Youngstown - Gross from Net from Net ry. 1949 railway ;• $370,628 railway 169,105 114,618 Gross from Net ry. railway—^ railway-,., from Net —V. 170, 3,549,117 398,170 49,609 63,6U 3.819,023 1,203,396 572,246 1389. p. September— Gross from Net ry. railway—. $1,416,703 railway- from Net 1948 362,191 oper. 323,487 188,744 159,880 78,420 from Net Net ry. railway railway- from —V. 13,706,759 11,961,806 2,591,078 3,734,302 2,486,488 10,632,281 1,361,135 1,123,757 1,992,865 1,199,969 1289. p. Allied Laboratories, Inc.—Extra Distribution— The directors share and both payable makes in $1 the 1948 declared iu extra an 28 of $1.15 stockholders to share per which year no 3 Mos. End. Oper,, geophysical, 15 per 14, in 1949, disbursed.—V. 170, p. , -V 1948 1947 income .velop. 217,196 .260,751 242,478 132,524 $7,462,217 Combined Condition $5,202,670 r Federal „ fdepl. & and Net aband. 4,761,767 income Earnings —V. leases expired 170, p. $3,231,191 3,602,514 r$5,733,979 $2.05 —— $3.64 share.. per 4,734,375 Reserve change Of 1 the to and 1, 1949; due Nov. 1, 1964. listing of the debentures the highest qualified corporation for their registraticn 1934. ;■ under the the 7 r As and interest. par Corporation on will make New York March on Securities offices The PURPOSE—The net In bidder. 18, gates $3,000,000, New of York exclusive of and New interest. The Marine Midland Trust used were prepay Co. York on March 8, 1949 term a bank loan of the Amra 1949, Under be 1949. be became consolidation v liable of for Amra the notes Corp. . into of the Amra Corp. materials sales of purposes, primarily working capital from suppliers and accounts CAPITAL result March be & proceeds to finance for consolidated was corporation being GIVING EFFECT TO THIS sinking fund the and a stockholder demanded who payment HISTORY York Jan. 9. Corporation business in 1906 1938, In AND of and the under formed taken to his the consolidation shares. stock the for to name the Magneto Co., over corporation's by the name with 535,882 This Alien was with reduced Amra the Corp. number Light with of had Bosch of Magneto New Corp. acquiring been the assets and formed In New York Property Custodian changed in to in 1918. In American common stock of the corpora¬ representing 77.37 fir of the total outstanding stock of the corpo¬ ration, which had been vested by the Alien Property Custodian in 1942 and thereafter under the authority of the Trading with the Enemy Act, as amended, and offered at public sale by the Attorney General Nov. Light Co., at 23, 1940, will before Dec.-12, 1949, to 276,805 share for each lo shares held. Conger shares Power certain dismissed will Power be will will the the objections Light reclassified into all 82% of of its and the assets Oregon. assets in Montana Florida to PoWer Power Co. American's common single class of among its shareholders.—V. 170, p. 1798. to be divided of stock, 18%. holdings Co., distribution, common Washington getting American's & and distribute in receive stockholders Include After preferred subsidiaries common will Co.. Power shareholders Cc„-Minnesota Utilities a and and common Writing Paper Corp.—Earnings— 1949—3 Mos.—1948 1949—9 Mos.—1948 $6,134 t$69,363 t$23,876 $0.02 Nil Nil and Federal income taxes. had office been tNet loss.—V. t$101,383 Nil 170, p. 977, Sales ' . - manufacture , " , - of sale and expenses, aviation taxes equip¬ on 1,090,934 The to $8,158,945 p. A plan of 292,181 424,300 $1.60 outstanding. $Pro forma. In¬ after & Arch can existing Co. sales The year. the Rubber with of the 65% efforts that its arch of would thereupon be to effect The for nine pared Refsnes, for companies months with sponding net period had to Sept. income last assets of 30 Associated Dry letter of notification with the SEC for to be offered at $15 per share Rights expire Nov. 23. Issue is stock, 8. Beck & Co., Phoenix, Ariz. Proceeds improvements.—V. 170, additions and Goods Corp.—Quarterly reported bv Oct. 30.'48 Sales Off— Months Ended- Oct. 29,'49 Oct. 30,'48 sub. companies $34,122,241 $37,550,817 $98,511,809 $104,266,703 170, 1290. p. September— Gross t from Net from Net ry. 1949 1948 1947 1946 $343,488 $382,392 $356,170 $373,930 53,416 railway—_ 64,674 68,362 *66,450 railway oper. income— 3,586 15,742 13,305 32,149 3,022,730 3,425,792 3,028,715 2,992,584 4)80,075 626,432 413,303 288,926 1 8,769 151,597 7,180 132,655 From Jan. 1— Gross from from ry. railway—_ railway oper. income a with merger Union St. Louis listed and Unlisted Securities terminated at the end of this Edward D. Jones & Co. per of $5,761,588 was $552,132, year.—V. Ely, construction, Established the two Nov. previously supplied Ameri¬ brie, had notified it that the approved liquidating dividend of $32.50 under by used a common record had a liquidation plan. share would be paid out initially program on or about Jan. 15, 1950, and the proportionate interests in American Arch Co., Inc. of New York would be distributed about 30 days thereafter. The disposition to be made of the New York corporation is to be taken up by the directors and stockholders later. A par) of •Deficit.—V. 170, p. 1350. firm arrangements directors be Net this failure Co., to Net company, calling for the distribution of a proportionate interest in American Arch Co., Inc., of New York, a wholly-owned subsidiary,, to stockholders in the parent company, will be submitted to the stockholders at a special meeting on Nov. 29. .J. D. Brandon, President, explained in a letter to stockholders soon $7,052,973 Atlanta & West Point RR.—Earnings— 1,239,400 (Del.)—Plans to Dissolve— for 1949—9 Mos.—1948 $6,525,657 " 1798. —V. $1,825,194 f dissolution - 18,612,473 1693. American Arch Co. ($5 underwritten store $21,969,248 6,964,153 etc $0.58 shares shares stockholders are p. Oct. 31 filed company 20,000 Sales Oct. 9, 1949 — common $1,055,476 . Oct. 29, *49 $661,936 per common share ' f tJan. 1, thru income—_ on $728,860 ' -Quarter Ended- STATEMENT _ Federal 1490. ■ EARNINGS — admin, 170, p. Arizona Edison Co., Inc.—Common Stock Filed— head¬ 108,556 selling, 1949—Month—1948 —.J —V. wholly- a sales and 31-U period End. Oct. . , executive — 170, that incorporated which the June 20 thru for •♦Based Asbestos was American purpose which shares of Class B tion, . all I 1,090,914. Gas record Angerman Co., Die.—Oct. Sales Again Decline- the cluding subsidiary, Arma Corp.; from March 18, 1949, and combined its predecessor, Amra Corp., from Jan. 1 through March 18, 1949. *1,090,914 shs. Judge American ♦Net profit— . Earnings per share— with Bosch Corp. July, 1948, Amra Corp. acquired from the Attorney General of the United States r sales ♦Earnings 20,281 shs. 2,000,000 shs. BUSINESS—Corporation 1919, was Bosch for Corp., v principal Net income $4,000,000 * objected common • . Cost of sales, —V. Outstanding (Wis.) of 1949 the System inputs of subsidiaries of 227,856,000 kwh., an increase of 578,000 week of last year. American of preferred American surviving acquired will ♦Excluding 14,380 shares held in treasury. Subsequent to Sept. 11, 1949, the corporation acquired an additional 20 shares of common stock outstanding shares of , Depreciation FINANCING 31,689 shs. par)— par) corresponding Period End. Sept. 30— at ( cumulative pfd, stock ($100 Common stock ($2 par)— from Net of 18, from $4,000,000 debentures 5% plan, plan, exception distribution stock, Oct. 9, 1949 customers, etc. SECURITIES corporation Period— purchases resulting plant, the Arma CONSOLIDATED gen¬ Authorized 3%% the rof owner the preferred engine fuel injection equipment, which currently accounts for Provision used of tion's business consists of the ' the receivable products to a on ■ After prepayment of the bank loan, the balance of added to the corporation's general funds and will of as corporation ... eral corporate Ogle, distributed, Texas Springfield,' Mass. It maintains branch sales in Chicago, Cleveland, Detroit, New York and San Francisco. corporation is engaged principally in the manufacture and sale ment poration in unpaid principal amount of $2,000,000, exclusive of interest, and two term bank loans of Amra Corp. in unpaid principal amounts $1,335,000 and $3,250,000, respectively, exclusive of interest. The the the The 46 Corp. the consolidation, stock located cor¬ of corporation approving with approximately 50%. of total sales, and of automotive electrical equip¬ (principally magnetos, voltage regulators, electric windshield wipers, generators and ignition) coils), which currently accounts for approximately 48% of total sales. The remaining 2%. of the corpora¬ was- to Milwaukee (no reorganization the Lane ment. Trust Co. participate equally in the bank made to the corporation, on March 18, 1949. The proceeds of the bank loan, together with other funds of the corporation which loan, the capital are of Diesel proceeds (approximately $3,880,200) will be used to prepay the outstanding five-year 3Va% serial term bank evidenced by promissory notes of the corporation, which aggre¬ part loan of corporation's quarters Exchange Act ./ ' 10 shares, Reorganization Approved— for Statement of Federal subsidiary of Amra Corp. The Ex¬ result a owned appli¬ Stock acquire unsubscribed " outstanding Nov. plan American's $1.72 781. sinking fund debentures at sub¬ each being without merit. $3,8597703 "$2,717,386 3%% for for 3, to the over as company. Dated amounted 0.25%, or ♦After charges American Bosch Corp.—Debentures Offered—Allen & Co. (as sole underwriter) on Nov. 10 offered $4,000,000 cation share new Edward 2,485,284 $2.45 of stock common Public 33 System one stock* rights to qf the company to comply with the Utility Holding Company Act was approved Nov. 9 by Judge Conger in Federal District Court for Southern New York. Judge Conger is e; :pected to sign the formal reorganization order within a :'ew days. 34 ... deprec., costs, A Reserve Banks L_.—.46 Condition Statement of Member Banks of de- to right to subscribe on or shares in the ratio of one Plan of 34 Redemption Calls and Sinking Fund Notices_4£ Dividends Declared and Payable J .46 Foreign Exchange Rates 45 $5,070,146 $7,992,958 $10,468,354 — drilling and $7,219,739 of addi¬ an Common given offering will bs determined by com¬ the company kwh., Miscellaneous Features 4,799,864 ,..3,398,412 , $7,775,762 $10,207,603 , income 6,657,771 stock common of ..... 5,259,692 income Total Intang. this 39 General Corporation & Investment News.Cover State and City Bond Offerings 52 The Course of Bank Clearings 43 geo- rentals, taxes, etc. Operating Other the For the week ended Nov. In logical & admin, exps., lease the underwriters H. $8,468,558 rate par). be American Power & Light Co.—Weekly Input— ; This 1946 $13,035,454 $16,865,374 $12,019,603 the (no would for plus such shares of common stock (not in excess 27,680) which may be purchased by the company in connection with The subscription price is to be determined shortly before the offering is made.—V. 170, p. 1798. share, " at Nov.-23 unsubscribed 42 685, stock common The terms'of the 41 against as its about stabilizing activities. per 1949. payable until financing proposal of National Quotation Industrial Stock Averages.33 cents cents (& Subs.)—Earnings— 1949 income of 25 Dec. record or extra was Sept. 30— oper. of of paid Amerada Petroleum Corp. Gross dividend regular quarterly dividend Dec. total a have usual of offered 38 — : stock addition, stockholders will also be entitled to make additional subscriptions, subject to allotment, for such shares as shall have been 37 Over-the-Counter Markets Transactions New York Stock Exchange.. Transactions New York Curb Exchange Stock and Bohd Averages (Dow-Jones) 350,075 income. oper. 170, 12,043,666 of or stock new holders additional 38 - Interested persons gave common In 36 Toronto Stock Exchange—Curb Section From Jan. 1— Gross Exchange.. Stock Montreal Curb Exchange.—-, Toronto Stock Exchange $1,201,536 274,637 be 35 Exchange Montreal Stock Exchange 1946 $1,423,308 476,117 - 144,412 income.. 1947 $1,614,850 Francisco SEC ($12).- The : 35 San RR.—Earnings— 1949 shares par 34 35 St. Louis Stock Alabama Great Southern . the j Proceeds of the financing will be used for corporate purposes, In¬ cluding the purchase of an additional 142,357 shares of the common stock of Michigan Consolidated Gas Co. at par ($14) and 250,000 .--34 Exchange. the for petitive bidding, Stock Exchange 7 hearing upon the a shares then held. Los Angeles Stock Exchange... -_______35 Philadelphia-Baltimore Stock Exchange ___36 Pittsburgh Stock Exchange 36 243,552 ' 3,016,710 announced Nov. request previously reported, American proposes to issue and sell scribe Page Detroit Stock 614,688 849,853 ,... :v.' Cincinnati Stock Exchange. Cleveland Stock Exchange $393,542 - 4,396,487 1,673,670 884,164 income oper. - ■" Stock Exchange.i Chicago Stock Exchange r 111,195 82,003 , .'7 to 276,805 shares holders of record on (Stocks) 13 New York Stock Exchange (Bonds) .v——25 New York Curb Exchange 29 1946 $403,926 43,628 7 ' ' ' . Boston 1947 From Jan. 1— . ; ' New York 170, $483,440 97,488 income oper. 1948 7 i .• RR.—Earnings— " September— ; ■ capital 1797. p. As 1949, 21, Nov. Dead¬ Common Stock Financing— on tional Slock and Bond Quotations to order company. stockholders capital issued stockholders Exchange ex announced of Hearing on an frov.'15 Approved- shares. shares distribution York New stock President, has an increase in approved shares as American Natural Gas Co.—SEC Sets Nov. 15 In Copy MISCELLANEOUS - line 170, 1589. p. a 170, $355,774, or p. $6.05 1797. at Sept. or $3.90 a share, Net 30. a income share, for the com¬ corre¬ 1871 300 North 4th St., St. Louis 2, Missouri Members New York Stock St. Louis Stock Chicago Stock Bxch. Exchange Exchange Chicago Bd. of Trade New York Curb Exchange Associate Phone CEntral Bell 7600 Teletype SL 593 2 (1910) THE Bangor & Aroostook RR.—EarningsPeriod End. Sept. 30— Ry. oper. $517,892 income 48,172 ing 1948 sharer, of of $1 7,369,420 1,720,386 *$39,068 $1,615,595 18,892 15,822 $15,592 $1,650,807 $1,985,710 46,389 438,101 417,741 •"$94,804 49,500 > 7,526 available fixed Fixed charges .'„ •Deficit.—V. 170, *$144,304 $1,212,706 *$30,797 sell the the amount remain¬ needed regular quarterly dividend of 25 cents per stock, payable Dec. 1 to holders of record 165, share one The 131,518 shares offered the on Nov. 18 revenues 887,145 —. for General $1,567,969 depreciation.. taxes Federal 487,853 1,026,105 997,384 3,252,168 238,800 123,300 1,600,900 $810,537 —. Income $588,829 $3,840,501 taxes On the sale Public Power's 1949—9 Mos.—1948 $7,993,765 $29,351,178 $27,620,453 5,055,983 .16,710,360 19,342,504 763,696 2,495,285 2,214.145 464,573 1,451,464 1,363,939 4,642,541 by the underwriting common Other bids for of the 200,548 Service's (& Subs.)—Earnings— Nine Months Ended Sept. 24— Gross profit from depreciation Provision and for Gross Other 1948 $11,331,862 $11,978,864 570,847 570,317 — Net administrative and 10,103,322 expenses profit ownership 175,500 income 150,676 the bonds 2%s as Interest charges Provision for $1,408,565 348,135 188,054 454,179 — , Federal income taxes. 164,026 .income $296,208 Minority interests in net profits of sub. cos Preferred .7,102 dividends Operating Operation $715,936 150,000 '." 150,000 $0.24 $0.93 —.--v share—————- Earned per common —V. 170, p. 879. - $295,045 $0.57 $0.30 $3.58 $0.40 . Kidder, for the three months of reflect rate $1,621,000 the for respective revenues .... —- Depreciation Federal Other ... and income ► 1949 the 3,473,049 7,553,655 in 1,874,682 4,183,155 6 Months Ended Net income Sept. 30— '1949 sales Net Common Earned shares per taxes 7,283,843 9,842,516 $7,127,187 snare——. •Includes operations Corp.' Rayon < of ... i however, the of are at company announced. The new Coosa Pines filament ating at 60% of capacity, increase until the plant is in the report.said. ; $1.25 textile holders to of ' The record i, Sept. was of and passed 25 cents Sept, • • . rayon stock plant is of currently operations 1949. payable The of each to made were cash at ' • cents 31J/4 the 1949—Month—1948 "y< ■ ry. Net 1, June / - Bell On 1■ 1949. stock; and cents the 1949—43 Wks.—1948 1.430 to its Associates) oper. Gas cents 25 record < V " Working ' J ; 54,543 6,180 90,802 52,933 1,024,143 1,111,888 1,216,038 *69,133 7,238 '66,408 shares the for; 4.25% , preferred stockholders common under by of subscription the of and quarter. The proceeds stock (other • 170, of by the in 1949—Month—1948 $ 1590) 17 V. 170, accrued G. Public increase basis, it in Service 2,300,673 rates announced was on be the specific rates authorized. fractories Coolidge, Senior Vice-President Co., has been elected a director the vacancy occasioned Mr. Coolidge is also of the Dollar Savings shortly."—V. Gross has 4. But is it 170, p. give to Co. Prov. the -expected 170, . company that depreciation-^ plant Int. fill Sept. 30,'49 Cost of other sales income.., and other , Net : profit Earnings •Net taxes per loss. : 1,117,826 Ilncludes $1,200,000 write-off of the ' 4$ '■ Other —V. The profit ' ____ - Nil previously • reported Of this work of company reported New (net orders after being performed the full the three months ended Sept. 30, amount to unfilled orders received since terminations). under be letter in the of Sept. first of backlog contracts included figure also includes airplanes livered.—V. 170, 1590. as the The which definitive 1949, was not certain indicative"1 contracts. substantially complete but of totaled year includes are deductions not The yet de- Bridgeport Hydraulic Co.—Bond Issue— Connecticut P. U. Oct. on authorized the Brown Rubber Co., Inc.—Plans Stock Dividend— The directors have voted to increase the authorized common stock from 300.000 shares of $1 par value (251,100 shares outstanding) to 600,000 shares of like par value, sublet t,o holders, at the 1950, of the annual meeting directors also declared to holders of record on increase in 764 562,959 (Cr)_r 1,405 24,113 $163,991 41,801 pfd. stock— ■\ ; 179,587 $161,206 $2,897,934 41,801 on March a 50% April capital'stock stockholders, by 15, e^nroval of the stock¬ 21, 1950. siock aiviciend, 1950, subject regulatory payable to the authorities May 15. approval and the plant 170, $122,190 p. $119,404 $2,396,328 balance pro¬ loans. calendar in the GIVING amount of Power Co.—Securities due and ,1950 8,673,000 % TO PRESENT j- Oustanding $232,000 " 12,196,000 I ' 7 J 12,805,000 . ,1 3,981,000 * , . " 1978 4,976.000 **:••• ■).*.-; '! o/.; 5,000,000 1979 ($100 par) 300,000 shs. limit imposed by charter issue and sale of Public Utilities 1935. ? ■' V the - "■'>%>• 5,713 shs. / ;_ or 220,000 shs. 2,500,000 shs. 2,177,459 shs. indenture.\ series Commission ACTION ■ S of / ■ . AND to all -r;v ; : * .. BUSINESS—Company a but a distribution southern Portland, Maine, Skowhegan, and an its requirements about serves 208,000 and municipal which area Portland, Saco, of part system agricultural Soutti Biddeford, field, minor very Its Bath, includes for the electric domestic, customers in 9,169 industrial centers " Westbrook, "Lewiston, Auburn, Brunswick, Gardiner, Augusta, Waterville, Fair¬ Sanford, Belfast and Rockland plantations. This territory has approximately two-thirds and boots and The and 256 other cities, towns population nishes steam 501,605 $2,302,829 ! furnishes six to utility. a of the total working, shoes." company steam ' > ' '' " water in customers . two but 1 ; small does : : - , - communities, not hold itself and out fur¬ as a ' -. FOR BONDS—Halsey, Stuart UNDERWRITERS FOR PREFERRED Co. & Inc., Chicago. STOCK Blyth & Co.,. Inc..— Over . W. The 30,000 shares headed by Blyth & on a bid of 100.179 at W. $102.22 a per stock went to a Harriman was FOR COMMON and Ripley & inc. Co., ; — ' ' shares Stroud & Co. Inc.__^ 7.65% to 1.50% Dacon, Whipple & Co Co._ Chace, Whiteside, Warren 1.00 7.55 *" 4.50 Richard W. Clarke Corp._^, 1.O0 4.50 Julien Collins & Co.—____ 1.00 4.50 George R. Cooley A. • be '. 7.55 — Allyn & Co., Inc.____ G. Becker & Co., Estabrook & Inc.— Co.J Hayden, Stone & Co 4.50 Hemphill, Noyes, Graham, Parsons & Sears, Inc.-: Co.— & Hutton & Co & Co., Inc. A. 4.50 •.;» :—1.00 1.00 M. Kidder & Co Maynard H. Murch 1.00 & Co. 1.00 4.50 E. M. Newton & Co.______ 1.00' Saben & Co., 1.00 4.50 Schmidt, Poole & Co Townsend, Dabney & Tyson 4.50 Stix Maine 3.00 Charles H. Gilman & Co._ awarded to held, while 6% preferred hold¬ STOCK unsubscribed ' 69,030 shares to holders of its out¬ standing common and 6% preferred stock at the public offering price. Under the terms of the subscription offer, which will expire Nov. 18, common stockholders of rec¬ ord Nov. 7, have the right to subscribe for one additional .. Goldman, Sachs & Co.__^_ was fered the additional • . 4,500 Lehman Fvrothers group Harriman, Ripley & Co., Inc., and associates. The win¬ ning bid named a subscription price of $16.50 per share, less underwriting compensation of 69.1 cents a share. Harriman Ripley & Co. and associates offered Nov. 9 131,518 shares at $16.50 per share. The company also of¬ share for each 10 : percentage of Nepsco shares purchased by each are as follows: Carl M. Loeb, were 4,500 Co UNDERWRITERS V" W. E. stock 7,000 Co , $4.60 dividend. This issue share and dividend and common & Pressprich & The ; Co., Inc., and Kidder, Peabody & Co. on Hutton 7,000 * A. C. of preferred The 200,548 shares of common E. R. Rhoades & Co. Securities H. M. Co Payson & Co.______ 3.00 & Martin, Inc.. Co. Burns 1.00 _— & 1.00 0.75 Corbett, The Milwaukee Co 2.00 Clifford 2.00 Merrill, Turben & Co 0.75 2.00 Allison-Williams Co 0.50 1.75 Bartlett & Clark Co._____ 0.50 J. Murphy Co._ Cook & Co Newhard, Hayden, Miller Pacific R. W. Chas. Co & Northwest Pressprich Co & Co._ Granbery, Marache & Co. Pacific Co. of Calif Stein Bros. & —V. 170, p. • 0.75 Mason, Moran & Co 0.50 1.75 Mullaney, Wells & Co.____ Perrin, West & Winsiow, 0.50 1.75 1.50 • Inc. 1.50 1.50 Boyce__ 1799. Inc. 1.75 & Co.__ W. Scranton - 7,000 Kidder, : Peabody & Co.—______ White, Weld & Co.— The $5,000,000 bonds were awarded to Halsey, Stuart & Co. on a bid of 101.3251 for a 2%% coupon. The issue was reoffered Nov. 9 at 101.515 and interest. • 11 com¬ central of about 560,000, population of the State, and embraces the greater part of its industry. Among the more >' important industries served are pulp and paper products, cotton and wool textiles, shipbuilding, metal trades, lumber and wood company 1Mov. 7 ac¬ cepted bids for the sale of three different classes of se¬ curities, viz: (a) $5,000,000 first and general mortgage bonds, series G, due 1979; (b) 30,000 shares of preferred stock (par $100), and (c) 200,548 shares of common stock : ; . " : * 30,000 shs. value™. par ' 5,000,000 stock " $10 - 19,813,000 * . .... FINANCING series stock, the ^ . Authorized 1979__ due 813,000 complete 1972___L________ preferred * .V; 1976 due of ~ V 1977_-_i__I_____f due , $6,505,000 series_i______ and $2,804,435 Totaling - ; substantially EFFECT 1391. Maine *" 'V years " ■V" r , due industrial, 196,549 501,606 * •* - due' mercial, 562,959 9,169 oversubscribed. 31 first mortgage bonds, the proceeds to system developments and improvements.- -V. 170, 194. 46,913 , will 4.60% erates $3,180,015 • Commission company to issue $920,000 be used to finance P. , 764 income—_____ on reoffered The 46,913 $3,290^476 bank years 1949 follows: as due 1970 energy. 1,487,480 1,738,600 $184,765 the was organized July 20, 1905, special act of the Maine Legislature. It is an operating /• subsidiary of New England public Service Co. Company. is an • electric utility operating wholly within the State of Maine. It gen¬ disct., expense.--; (par $10).. 1948, 30, the $210,263 above 3.50% of 400,000 (1,611,020 and construction bonds have been authorized by Maine, and upon application to the J Securities and Exchange Commission have been exempted frorti the provision of section 6 (a) of the Public Utility Holding Company Act 1,376,250 228,509 scheduled stock the 1949—12 Mos.—1948 400,000 be 2,567,000 be 33,300 the. will past, five the are stock $11,300,000 Publicly Offered—The _ *298,820 , the during COMMISSION Presi¬ 1,442,700 of by stock by short-term electric classifications The go deter¬ will sale received loans preferred an 116,250 33,300 additions for additional decisipn applied the No. of Shares V $302,488,787.' $100,614,495 for debt and Central 71,703,778 on this balance * Company estimates that, of the stocks, it will have' plant items, mortgage bonds: 3»/2% due 1968 J S 2%% • ** NOTE—Net $775,690. income--, of prem. • i the Stratocruiser project. been written off. total estimated loss of $15,400,000 now *• 71,404,958 $1.64 ; amount, $14,300,000 has J 1,780,175 $1.03 — share ' 65,688,373 176,513,510 $63,890,547 173,633,335 -' 680,000 1,100,000 expenses Federal and State income ' on will , (1,776,500 Balance . »' and v the ~ UNDERWRITERS -9 Mos. End. Sept. 30— 1949 „• 1948 ' Sales to general R 3% of > * long-term debt- on Amort; Divs. - & representing . 3 Mos. End. additions 'No acqui- adjustments^-^ Gross Net Boeing Airplane Co.- -Earnings— obtained Preferred rates and be from be to company's and Preferred $1,269,264 $17,669,097 $16,701,144 706,439 9,148,400 8,518,797 121,550 of sition - 1949—Month—1948 $1,313,857 710,710 1290. * p. be other electric -SECURITIES Cumulative corpo¬ $155,000 electric The will common bank the purposes. bonds In and gross ' Series this November * HISTORY !_ expenses for Amort, Re¬ to will general Series 1695. 238,033 Blaw-Rnox proceeds . * Harbison-Walker og of to New - during by Series P 3'%% Series Q 3Va% 5,814,825 granted " revenue— Operating by the death of the late Donald C. Bakewell. a director of Fidelity Trust Co. and a trustee, Bank.—V. 6 8,503,245 amounting Nov. determined necessary > Common Commission electric Period End. Sept. 30— stock, . Greer of pro¬ notes. corppany additional cost S bonds bank the net indenture. the short-term of series and Series M 3Va% Series N 2%% ] Central Illinois Light Co.—Earnings— shares ' the the gross expenditures pursuant dividends, ' by PROGRAM—During made Series L 3>/2% $ Federal income taxes Blavv-Knox Co.—New Director Elected— the of corporate the estimated CAPITAL 495,437 33,998,593 267,716,354 255,587,038 31,697,920 259,213,109 249,772,213 2,215,636 1590. p. defray other .. com¬ preferred and sale contemplates < 1949—9 Mos.—1948 $ 32,353,708 30,138,072 York an revenue Utilities Eastern p. -4.25% of company's present construction program. 226,937' Commenting on the Commission's decision, Ernest R. Acker, dent, said: "The Commission has not yet had opportunity to ; offered excluding company, details 1,011,476 342,019 ; 2115. • than offer, (V. 12,042. shares to Further 426,350 ' Co.— Preferred' * stock received of com¬ indenture. Miscellaneous items, including automotive equipment 1st . ______ company customers will into effect Dec. 1, 1949. the $3,278,648, 72,882 .. 1492. p. New annual quarterly of 15' ; share, as compared a company to the holders cf its 6%, preferred stock exchange effer, 2,230 shares were taken under the ex¬ offer; the remaining 12,125 shares were being sold to the be 52,887 ■ 4 1291, earnings ration >:• , the of sale the of sale cash, the company trustee by May 1, 1950, Transmission system Distribution system 'r . 170, The 19, the change purchasers. 416,024 - expenses r. 1 made ; , $138,562 • 6% the. on under Generating stations and storage reservoirs Central Hudson Gas & Electric Corp.—Rates Up— 20 Nov. share each per cents share per of Electric & $143,661 - income— earnings mine Valley subscribed offered will cents . Subscriptions— the under 15 of IS holders of be payment to distribution The 1 Stock were of to 1949 will aggregate 80 cents per 1948, and 30 cents in 1947.—V. 167, p. Blackstone pany 1 paid extra an quarterly dividend in $1.15 in Of Dec. company last year, declared. Payments with payable time were dividend extra an both Previously, this At share per common $159,586 1946 . Div.—Declares Extra— regular a to transmission-lines The 1947 8,954 railway railway—.-- ; ' Net Gossett Co.—Increases & it $18,558,000 1948 *51,595 . income— Gross : 1491. Nov, 9. the directors declared the for company from -Earnings— $51,886 from from —V. / 1949—10 Mos—1948 Canadian Pacific Ry.—September Earnings— , . cents the the deposited to the requirements from the tjie sale .of Series 50 - the property (exclusive from the cost of the $2,000,000 from the net part trustee of proceeds company in Blyth cents. was for generating facilities, $3,558,54.9 connections and $16,803,476 for' distribu¬ tion lines and other plant items. During the same period retiremertts from electric plant, aggregating $3,189,982, were $760,316 from gfenerating facilities, $167,319 from transmission facilities and $2,262,347 ;V, 1949 'Deficit.—V. 170, p. 1 of »■ oper, Net ry. $3,224,236 $31,818,698 $33,838,904 p. the for yy, & Indiana RR. from -railway Gross cents. distributions the CONSTRUCTION From Jan. 1— (A. S.) Beck Shoe Corp.—October Sales Decrease— Period End. Oct. 29— 1949—4 Wks.—1948 Sales > —$2,864,053 170, $7,964,531 $13,011,421 $15,165,362 $105,916,104 $131,805,159 1492. p. Period End. Sept. 30- —V. to which 2,011,552 1 „ 170, Net on Distribu¬ ■• from used stock,' in addition Ripley & Co.- were:** funds through 1950 for all of its corporate purposes, in-* eluding,its construction program, with the exception of about $1,000,000 $5,187,708 .September— Gross from railway. common time. March on quarterly ,, VV of on this this-issue on During 1948, four made.—*V. 170, p. 686. were $3,965,949 . 1, 1949, to stopkincludes the accrual dividend conserve $5,451,231 $10,176,501 1,485,282 2,211,970 $7,199,260 <1,724,149 $6,309,955 i i Cambria oper¬ will 38 the - •. common net the pay Initially, with additional with preferred be upon 72,073 170, p. 1491.* —V. Dec. the order $8,034,104 Net dividend a income income Sales i for* . declared 14,101 to repayment proceeds applied • yarn rate last. 1, cents each in influenced, "Operations regular quarterly dividend ordinarily payable on or about Dec. 1 dividend stock tions and were 7,845 program. the by used sufficient Period End. Oct. 31— , 1949 Drl5,026 received be deposited proceeds gram''and Butler Brothergp-October Sales Again Off— y steadily full production by the end of the year," : preferred Nov,'15, 1949, of market, new . Harriman $33,768,820 of which $13,406,795 *•••. substantially higher rate of profit," "The directors cumulative —v. $2.66 ■ the DIVIDENDS—The 948,820, $0.41 Net { Bemberg Co. and North American NOTES^—Earnings for the first six months the 1,200,000'; ' by the unfavorable conditions the current quarter, 2,715,602 — American -1 • Gross 494,975 - net company ■ ■ be will allocate net The 9,560,245 $5,443,386 $10,162,400 $8,049,130 Income deductions $20,586,477 — outstanding income income k 1'-. 1948 $29,824,801 —_-u—— T— after Other '■) the the by immediately to the payment of short-term 2,714,612 - be to .. for PROCEEDS—The to qbtain accordance of OF construction to will ________ & $16.50, less compensation of S1.16 a share; Kidder, Peabody & Co. /jointly), $16.25 less 92 bonds S will the taxes taxes Harriman Ripley & Co., Inc., Burr, 101.663 for a $4.80 -Coffin Inc., and interest) series intends 1949—12 Mos.—1948 Canadian Operating Earnings Lower- — Burr, order i Mills, Inc. (& Subs.) Passes Common Dividend- Inc., accrued * Beaunit & APPLICATION amounts 102.019. . & Co., in¬ &"co. Peabody Higginson Corp., .. $44,376,707 $43,208,318 $59,686,498 $57,533,690 18,017,386 21.664,967 25,884,283 28,834,913' 3,242,266 3,179,810 4,303,447 4,252,321 4,041,221 .3,761,625 5,305,697 5,044,412 ____ — and Underwriting proposals received the winning tender submitted to Subs.)—Earnings— 1949—9 Mos.—1948 Lee were: Other bids for the preferred stock were: pany's (& 3s as 100.80. for.a .$^,.70. dividend, Coffin revenues follows: as '. bonds dividend. ceeds 50,396 , $2,669,956 Buffalo Niagara Electric Corp. $766,331 $289,045 _ $221,531 to date in the approximate amounts $1,500,000 for 1948; for the nine months $6,268,000 and $3,500,000.—V. 170, p. 394. are Maintenance —' profit -$1,393,569 -1,098,524 $424,151 — Period End. Sept. 30— Balance Net 386,127 were Maine from 66.53%,! Burr, Bids for the Dr633 $3,338,716 1,168,760 creases 435,933 $808,369 income Z)rl,785 $591,658 370,127 deductions NOTE—Operating $972,632 and Total 2,829 $810,278 ____—... Central Merrill Lynch. and White, Weld & Co. (jointly), 100.719; Cof¬ Inc., and The First Boston Corp. (jointly), 100.41; Otis & Co., 100.3019; Salomon Brothers & Hutzler, 100,2117; Harriman RiDley & Co., Inc;, 100.207; Blyth & Co., Inc., and fin $1,394,202 - of Pierce, Fenner & Beane 3,130,163 Dr2b9 Earnings per share— (745,364 shares) 10,435,915 $657,693 (net)—_ income Income expenses— income income Gross deducting depreciation-: Selling, prescription service, general 1949 before operations Other subscription shares, New common will be reduced to 60.4% ('jointly/, 100.109.' Operating Bausch & Lomb Optical Co. group represent shares on which New England Public Service Co. waived its preemptive rights under the was England 1949—3 Mos.—1948 $8,092,981 _— / V.:'A date will have the same right to subscribe for additional share for each two preferred held. *- to 806. p. of the ers is planned to pay dividends at the rate after payment of the stock dividend, it was Operating expenses i Maintenance 1491. p. of excess or Monday, November offer. Prov. income Net in issue to It simultaneously.—V. Operating —_ intend CHRONICLE Brooklyn Union Gas Co.—Earnings— for charges- not authorized dividend. Feriod End. Sept. 30— Income FINANCIAL The common $1,877,381 92,507 16,320 47,134 - 3,505 & does share annually, per stated. it common stock the pay said company declared 37,702 (net) 7,163,685 * 1,603,809 688,798 *$136,011 (net) income 1949—9 MO$. $697,902 $10,383,089 $10,967,187 652,749 1,154 __ Ry. oper. income-. Rent Other The 1949—Month—1943 revenues—„ Ry. oper. expenses Ry. tax accruals COMMERCIAL B. W. 0.50 Pizzini & Co., Inc._ 0.50 • Volume 170 Number 4855 Central New York Power Period End. Sept. 30— Operating revenues Operation Maintenance 2,964,130 2,431,018 3,707,613 2,484,000 2,808,000 Net $7,898,999 /'Drl9,822 Dr 8,530 $5,870,257 $6,259,720 1,535,946 1,157,882 $7,879,177 ' 1,923,841' $5,101,838 $6,389,600 E.' W. S. Wehster Hutton Net operating income $1,734,504 $1,386,018 $5,326,829 (net)—— ihcoihe 1,402 3,443 10,437 Int. & income other $1,389,461 $5,337,266 378,276 336,729 1,251,847 $4,085,419 $3,803,950 $1,052,732 Stock ^ - Under % \-'7. 'l'.' ;,7" / ■' the wi! company's expire 3 offer, holders the '.. . Subscription agents Stock Transfer Co., COMPANY .Bankers are: Trust Co., New Chicago. > 20 Wacker Drive, subsidiary shares holding of. common company, "American stock of York, The subsidiaries are West Texas of 1.20 DeHaven 1.20 Utilities Public . CONSTRUCTION cost; of the ' are watts of future all owns mately proposed investment FROGRAM, to be of electric additions one or be of more 1951, for the of will approximate ;ahd distribution extensions of the ice to lour r and of the of from provided sold the ON vhe will not of the provisions the 2\\r,'e and 3% STOCK—Since be issued GIVING until .40 Ohio Co.—— Paine-Rice Peters,' .70 & tensen. Inc. & .40 ? —7,——— Smith, Moore & Co. 1, 1959, and & Co.— — Net Funded debt Short-term Preferred $1,375,000 (par of of remainder the —V. C. I. T. Common OF .','7 EARNINGS Mos.—1948 stock of $65,443,934 $5) 12,186,848 $5,242,873 ' 42,892 49,205,693 of of of $4,719,282 $2,500,000 of serial : -■ "On r^'_ -(BUSINESS—The approximately said July $5,715,045 ;$0.46 Divs. 7,25.9,606 shares of on Other stock outstanding Sept, common FOR COMPANY • -77. of com. Expenses stocks of subsid. consol,—.. cos. constitute V. and taxes notes on 170, system, as defined 1935, and the SEC ceedings under the debt and, bank .!;; & $5,971,356 560,217 Thomas < " ' holders 106,875 and unearned 1949—9 Mos.—1948^ premiums, $753,980 $594,161 ' 2,839,614 2,413,23-j $779,770" 5,312 notes inc. state & $992,833 28,390 13,064 ,14,852 173,870 9,744 19,339 66,776 17,907 140,843 224,474 188,165 taxes 229,450 193,517 264,567 253,257 $346,120 $283,447 $482,517 $387,146 share—$1.30 per on $1.07 $1.81 $1.40 265,154 ;■ , shares outstanding at Sept. 30, 1949.—V. 170, '* " ' . Climax Molybdenum the Electric Corp.—7% Preferred company's be scaled 7% down. 'v;i ! ' v ; ; - - , ' ! ; subsidiary, Blue Ridge Corp., to a new open-end for the latter's common stock. company in exchange • y • 118,860.000 also interest ; calls in for debenture holders of the stock common new the new concern's capitalization.—V. .. Co.—Earnings- furnish in 748 of due Dec. electric utility' to receive company, full which principal and would constitute : The areas Public Utility by determined p. 1695. in Gross , to 1973, are available In exchange for outstanding temporary Guaranty Trust Co. of New York, 140 Broadway, NeW the Y.—V. 170, 7 1799.'-', p. from 1949 railway--— Aug. 31, 1949, subsidiaries sale of ica, about was and $2,766,532 0.8% from from the $809,728 2,520.000 2,520,000 $0.04 $0.24 2,520,000 $0.32 of discovered increment.—V. 170, From Jan. 1— r>Deficit,—V. '1946 " * $2,284,59? '/ 155,445 £10,5,661 $2,137,102 140,891 "109,423 24,045,892 20,654.444 s Coca-Cola Co. (& Subs.)—Earnings Slightly Higher— Period End. Sept. 30— 1D49—3 Mos,—1943 profit after class A -s -' ; dividends '——1—1 $12,959,621 $12,634,309 tEarns. per com. share, $3.15 $3.14 1949—9 2,772,584 Declares Extra Year-End Dividend—To Offer Shares in Exchange for Class A Stock— .315,537 . The-directors share from Net from Net " i;y. railway from ; sale of Net sale, of ; railway : income—4. "Deficit:—y.. 170, p. $3,081,553 599,005 $5 brings in 1948 directors common rvlootf for stock declared 7 a year-end dividend of $2 per dividend of $1 per share 6n thfc 15 to holders of record Dec. T, payments tnis year to $6 per share, asr payable total (an Dec. for Dec. of extra Nov. pn chovtio A each $1 also 7 to 19 three paid was Voted authorize A r\dln rv a-ra shares of Dec. on call to the /t€»1TaKl^x Coca-Cola International Coca-Cola International 898,069 $2,611,955 ' 437,113 180,730 25,892,447- 23,631,482 22,287,601 5,381,973 7,056.830 4,183,449 1,712,828 2,727,462. 1,375.229 - 1946 $2,084,523 class A (£^9 RA last' year>. meeting of one' shttbe 15, special a offering of of stock. The 60O,99'(£; VftArl cViqva Q — common '■Alter ' Corp. below.—V. 1948 1947 $1,285,575 170.164 171,534 " 300. p. Corp.—Earnings— 1949' $1,274,603 —— shares. 170, perr com.'share $6.74 expenses arid Federal income $971,763 173.253 $6.75 taxes, 194,6 $4.87 $4.86 tAfter class 135 S. dividend A 300,26t* / 126,900' 19,581,946' 2,142,181' £220,566 • Declares $22.50 Common Dividend—Plans Issuance oC Common Stock in Exchange for Class A Shares— . The on the 1949. directors common This Oct. *], on Nov. stock, compares this-year; Financial Seibert, La President; Salle Countries, Aoiit: On acGount 01 ;ne uncwaatiotiai m cue rates 01 excuanae. remittance for lureign $4.? ' aunccnptiot. , $980,^30 f74.fi»16 , 7 declared, payable with and Dec. $7.50 makes per a dividend a 15 total of holders to share of paid $45 $22.50 of on per share share per record April 1, f.! July T Deb.' for , 1949/ Chronicle (Reg. U. S. Patent Office) William B. 'Dana Company, PuWisners, 25 Park Place, New York 8, N. Y.„ REetor ,2-95.70.Herbert D. Seibert, Editor and Publisher;/ William D. Riggs, Business Manager. Published twlce'a Week Tevery Thursday (general news and advertising issue) with a statistical issue; on MomiayJ. Othfer St., Chicago 3. 111. (Telephone State 0613); 1 Drapers' Gardens, London, E. C„ Enaland, c/o Edwards & Smith.Copyright- 1949 by William B. Dana' Company. Reentered as second-class matter February 25, 1942, at the "7<». • • Sabscrtptions post office at New York, N, Y;, under the Act of V in United States, U. S. Possessions, Territories and Members of Pup' American Union, $.5.00 per year; in Dominion of Canada. $38.00 per year." Other Dana offices; tta ' requirement's. and "" profit of tEarned 1947 • , 1291. also See No. 333,842; 184,303 " Net ry.; oper; from* 1948 ; 1949 ■ . railway^— the the This ■ Nov. on both Quarter End. Sept. 30— $2,770,000 railway-'— $7.27 outstanding. regular' quarterly stock, - Qper,' income—;. From Jan. 1— the and stockholders *1,411,434. 1391. September— Gross shares proxy '• Chicago Great Western Ry.—Earnings- ; C0111- "N^t pro¬ total $6.16, common 944,295 1,518,380 $28,220,G9:?. '"' 4,113,665 on • 170, p. Mos'—1943 ' $29,895,855 lpon 18,144,391 4,225,527 1291. p. company Nov. 1 filed a letter of, notification with the SEC 1,293 shares ($1 par) capital common stock, to be offered at $27.50 share to employees only. Proceeds will be used for general cor^ porate purposes.—V. 169, p. 2207/ against ,175,836 162,282 , 1947 374,99, $1,750,050 ' 2,520,000 $0.60 per •■'/■Tire 497,484 - 502,043 • - Grbsi from -railway •' 21,185,569 Net from railway———" 3,052.818 Net fy. 6per. income--, 735,443 comprise 93.9% -of derived $595,038 Coca-Cola Bottling Co. of St. Louis—Files— common 1948 $2,311 814 Net' from' railway-—.,Net ry. oper. income— _ which "436: integration $88,728 — $2,125,Q5i for ''Based improvement mortgage 37/s % bonds, series H, September— integrated' public utility Holding Company Act of; order 3,780 profit- 1949:v notes service served so 134,812 . 170, Chicago & Eastern Illinois RR.—Earnings- $300.0oO' (of $313,508 23,219 The • •r ' September,. 19.£9. communities $729,850 and surtax tax "Before depletion , 1949—9 Mos.—1948 $111,947 outstdg'Earnings per share— invest¬ * * thereof, serial company. retired in 1, at York, N. *7,985/173 shs. long-term said of were inc. 1949—3 Mos.—1948 charges- Capital shares Chesapeake & Ohio Ry.—Definitive Bonds Ready— Definitive- refunding and bonds . tl,000.000 consummation after "Net Group Egan, counsel for the committee, informed Judge Sterling it "will go along with the amended plan." Mr. Egan however, that the premium proposed to be paid to debenture should Profit Fed. that its'other It * ; William a 30, Sept. 1291. 1949—12 Mos.—1948 $3,832,447 $3,193,015 $2,431,949 1,837,788 Period End. Sept. 30— 1799. ' Gross and and to $94,946,334 ori earlier.—V. 170, p. year 2,185,952 income 1291. 112,250 $5,348,644 The trustees' amended plan provides for liquidation of American Cities Power & Light Corp. and transfer of the assets of Central States find 3,750.000 v" ; Commercial a $2,944,932 — (Ur)— bonds -Based p. C. indicated, ended the increased $68,405,929 510,462 — States for Hutchcson % the expenses ^Earnings 5,097 preferred stockholders' committee told" the U. S. District Court at Richmond, Va.,' Nov. 9, that it would accept the amended plan filed by the trustees last December. / Thus one cf the major hurdles blocking reorganization was removed. v The on Fed. $5,966,259 14,062 payable—^—— 1695 pp. Counsel Act. '• • 5.3.%' from income income,' gross w.th deductions Int*. 1948 Accepts Trustees' Plan— Interconnected; and so "$1.,77 Net Autstanding —_L" upon debt company the has of revenues electricity, in that months 12 operating Water. ' Other Net $5,049,383 Central ment FINANCING company—_______ — Louisiana. an future 'Other"' income 30,, 1949. ' $5,702,413 — Net income of approximately 142,700 square ;miles with' an estimated population '; of approximately 2,139,000. The electric utility, properties of the Subsidiaries Mos.—1S43 ONLY 1949 intomc Interest com¬ the " ; customers in 1949—9 $4,728,703 $18,577,157 $12,244,92; 3,580,948 3,530,948 3,580,841 $1.24 $4.82 $3.31 deferred Operating-revenues $1.32 ^ $5,716,475 through incorporated), and rural .areas adjacent thereto located in 109 in Texas, 49 counties in Oklahoma, 13 counties in Arkansas; parishes 1949—3 Mos.—1948 3,580,948 Citizens Utilities Co.—Earnings Increased— $9,581,309 $1.47 counties three Sept. 30— $5,288,885 $3,328,597 $10,649,043 $0.51 .12 Months Ended Sept. 30— - ■ • subsidiaries 561,433 2,674,581 ' . remaining ;$1,600,000 of 4.893,72 5 4,445,851 Period End. Sept. 30— $16,364,088 $14,870,194 $1,390,685 $3,707,121 share— per EARNINGS ;/'v':;;' '•''■■"■ ■■ v-,/://; r.'7 —; short-term notes 21,723,203 8,044,516 6,249,663 Financial Corp. (& Subs.)—Earnings Higher— compared Operating $1,578,644 income cEarns, tecord' dUte" 'for PRESENT unse- * on long-term the 25,371,386 10,465,893 4,757,707 Oper. inc. before taxes """ Net the 'shares issuable under'plan of merger. tAdjusted toto the proposed issue and sale by Central- Power and Light $5,500,000 retirement Tn 1949, gross common T/^Including give effect 29,985,676 8,306,079 shares of source $4,689,608 $16,238,241 $14,787,755 ' " 29,674 125,847 82,439 $5,285,765 ^—^4- income s / '.'o-:://.■.;/ subsidiaries—.— of 27,377,598 _ . NOTE—Consolidated $59,963,009 45,175,254 13,104,710 (net).— income Gross subsidiaries^-,-:.—39,587,000 7 (par 289,431 "After charges and income taxes. ; 1949—12 Mos.—1948 $18,347,583 $16,876,456 income— Deductions,;' from., and $3.7.50,000 .7 //$3,750,000 $5)8,000,000 shs.> 7,935,173 shs.- loans of 533,34 ) 503,343 ontstdg. Earnings per ccm.,share STATEMENT *1949—3 818,182 718,852 'ftNetsprofit —$6,820,307 ' 1 v" 1,141,370 $2,44t,'S94 1291. p. Period End . .20 .60 868,842 oper:' income.. .j'.* 170, dS for earnings merger after "the TO subsidiaries bank stock Common " ry, .20 .60 3 1946 458,815 railway—. railway'. from Net . .20 duPont & Co.— Earning 1947 $2,740,226 income.. oper. 1948 $3,369,103 - • _ Gross" from .20 ', properties. securities Authorized 7 Company and Subsidiaries— Funded, debt of company and ry. ' .20 Ridgway, Newsome & Co._ Schneider, Bernet & Hick- .60 income Addi¬ From Jan. 1— •40, .60 Co Co.; Inc. 1949 $2,808,389 . Net .40 7—f-w Co David A, Noyes & Co.—* oper. Authorize To — in 1952.—V. 170, p. 881. program from railway—: ~ stock Electric Co. about September— from: railway .40 Stix & but Net' .40 .70 ,70 .70 & compare 1 ■ Gross > .70 & $16,380,3)68 $}7,193,0( 9 Cincinnati New Orleans & Texas Pacific Ry Chris- Co. Slocumb same completion of the Co._—_ Writer Co.——1_1__ kilo¬ , are . Metropolitan St. Louis Co. Milhous, Martin & Co.^— Dickson Net the facilities, retained .. EFFECT serial notes, 1959 Common the The . .70 S. 1949—10 Mos.—1948 $1,793.Q01 had in operation 52 units, month last year.—V. 170, p. 1492. J949 & Arthurs, Lestrange & Co._ Courts & Co Other ; cured, due $125,000 semi-annually to and Son Woodard-Elwood Operating levenues—__ Oper. exps. & taxes : $69,000,006, sale senior and ■ of Newbold's .70 CONSOLIDATED $9,700,000 from the subsidiaries in June; 1949; •//a*/*;'""£•/' CAPITALIZATION the H. .70 Period End. Sept. 30— period. COMMON dividend. of T TKfoore Co., 'Inc.' '——7——7 .70 & $1,670,927 in ,October, company About .40, 777 Co._, Scranton 1949—Month—1948 J — now has 2,500,000 shares of common authorized of which 6,000 shares afe outstanding. halfthe $85,000,000 expansion has been completed with approximately $35,000,000 to $40,000,000 yet to be expended befoY,v all Berwyn W. .70 & Childs Co., New York—^^October Sales Show Drop- ' .70 W. i 6,629,461 Company .40 ——_ of ; subsidiaries'.approxi¬ from additional of amortization during such' shares Co. >' .70 Elworthy & Co.— 30, 1949, May 31, 1949, and Aug. 31; 1949. A quarterly divi¬ dend of 22% cents per §hare has been declared, payable Nov. 30, 1949', -to common stockholders of record Oct, 31, 1949". This dividend will not •be payable in respect. of the shares of common stock noiv offered 1, Co.1— Francis I. <1948, Feb. 28, « .70 California Brush, pany and American Public Service Co. in February, 1947, dividends oh the common stock have been paid as follows: semi-annual dividtrids /of 35 cents per share on Aug: 30, 1947/ and Feb. " .28, 1948; and quarterly dividends of 20 cents per share on Aug. 31, 1948, Nov. Jan. .40 .40 R. indicated, as by two proceeds by $8,000,000 to subsidiaries the and subsidiaries DIVIDENDS - Merrill, Tuvrben-$: Co Co._ T6.443.40 ' be $7,000,000 securities depreciation 2%, .40 Miller, Kenower' & Co.— Mlrisch,".Monell & Co7 Co. 10,766,272 The stockholders will be asked at a special meeting Dec. 21 t> authorize art additional 3,500,000' shares of common stock, Walter C. Beckjord, President, lias announced.' * • * The additional stock authorization is in preparation for a further stock issue, probably after the first of the year, to provide funds for completing the company's $85,000,000 construction program, he said. 7'"'" .90 & .2 ; 166,357,755 146,276,983 • , Cincinnati Gas & '' .90 & 1,841,4 .• tional Commoii— .40 7"' Yarnall that for 146,000 water Harper & Son & Co.L— :' , $49,000,000 other Pressprich & Co.__ Morris 1,123,328 2,799,140 • . .90 Moran,& Co.r_—.90 & 1946 3.565,893 *"" " railway with 51 in the .40 Hayden, Miller & Co Howard, Laboiiisse, Friedrlclis and Co._l—7— 1947 3,573,004 30,424,731 .40 .90 Co. 502,241 .40 '7_777—7—7— ' 1948 '6,460,926 11,152,557 from The & Co.— —.40" & Co..^ .£0 Wm.Tp. 1949 period End. Oct. 31— FMnk Co from Sales Noonan .90 .90 £ Co.7—_ Williston & Chas. was estimates capacity, & 913,731 * $21,073',218 $24,176,302 $20,186,697 $17,555,831 32,647,672 .40 Co.„ ' railway 7,139,439 - . Putnam & Co.——_1_— retained subsidiaries the. installation & H. ■"214,567 , , follows: as will 1949-1951—Company generating and will program two $17,500,000 '.such- Grimiri Lester outstanding applied jsubsidiaries to be sold during the period, and the •as 1.20 Clark & Co Ferris & Company—— Henry Herrman & Co.— Kay, Richards & Co.— changed was the invested so in program transmission, follows: as "proceeds the Doolittle Creston 1,478,716 1,388,568 ' 25,479,475 - L Field/Richards 3,000,716 633,727 railway—— .40 77-7-'" 2,047,25,9 1391. P. 188,080,534 made construction stock Bretscher $1,083,66) 16i.6C) ' 179,171,290 .40 Co 7.71—— 1.20 W. 7,978,039 Net ry,'oper: lrfcome—_ —V."170, p.' 1595. - ,'-.4i0' Townsend, & BodincJ- 1.20 Davis 11,055,399 railway— ^5,037,480 ry.' bper: income—2,166,498 I7et ' & 1.20 Pacific necessary approval of the SEC. ' any additional for Inci . expenditures', it is estimated that approximately $23,000,000 by Central Power & Light Co,/ $17,000,000 by Public Service Co. of Oklahoma, $19,000,000 by Southwestern Gas' and .Electric Co. and $10,000,000 by West Texas Utilities Co.' V It is presently contemplated that the required funds for the above be Dixon H.' Walker & Elkms, Fahey, these .will 1.20 & Co— programs; construction electric $1,000,000 -Of Co.;"Inc.— House 'Ctouter Co:—1.20 & .70 * the net proceeds not period Sept. 1", 1949-Dec. 31, allocated as follows: $19,000,000 -additional Co.l Dempsey-TegeleF & Co.— V Doyle, O'Conhor & Co., 'Inc.'" four proceeds subsidiaries,'subject to the &' Staats . . Service' Co., 6f the company name Company Company: for company 1.20 Co. " .70 follows: Central Power and Light Co. (Texas); Oklahoma; Southwestern Gas & Electric Co., and the remainder of the it Co.—:—— At least $7,000,000 (but not to exceed $8,000,0001 will be used for the acquisition of additional shares of common stock of Central Power & Light Co. and Southwestern Gas & Electric Co., for the purpose of assisting them in financing a part of their construction1 by Blunt-Ellis Blair~& from From Jan. 1-^ .60 Curtiss, as PURPOSE—The net and 1.20 Co.—___ 14,119,513 from \ Grogs Co.,.Incri"""".40 1.20 R. Net Net .69 7 7- Coolcy Illinois Vv and '• principal public utility operating com¬ panies (below) • engaged mainly in rendering electric utility service. Company does not own or operate any physical properties. i Public Service Co. Barret, Fitch & William Cruttenden & By agreement of merger effective Feb. 3, 1947, company and the South West Corp. & 1.20 • AND merged into the Central 1.20 - >.• Gross 3 .60 TiHurCh 13,98!) 13,299,6£6 $1,327,372 . Chicago Milwaukee St. Paul & Paeilic RR.—Earning! .60 Texas National Corp.—_ Wulff, Hansen & Co.+_„ Wurts, Dulles & Co posworth, SulliVan & Co., Further details v' company, South West Utilities Co. to Henry F. Swift & Co.—„ 1.20 Dominick H. 103,031 income September— .60 Simmons-^. Campbell, McCarty & Co., "inc:' ——jl—l— Mason, , ;; .60 Co.— 1.20 & J. R; SUBSIDIARIES—Companyt a public utility holding Was Incorporated'in Delaware, July 31, 1925, as Central & its Gardner_„„ 1.20 R.' common . .60 Corp.. -ft'* CompainyT Kebbon, McCormlck £ Co. '•:/ of (EST) Nov. 18,1949. p.m. , & 1.20 Milwaukee Paul Hi .stock may subscribe for one new share for each 10 shares held of record Nov. 2, 1949. The subscription warrants follow:' Schwabacher & Dlttmar ing group jointly headed by Blyth & Co., Inc.; Smith, Barney & Co. and Harriman Ripley & Co. Inc. The win¬ ning bid named a subscription price of $12.8750 per share, less underwriting compensation of 32 cents per - Reinholdt 2.95 1—1: 144,202 railway— 'peficit—V. 170, Moroney, Beissner & Co.'_ .60 Newhard, Cook & Co.—.60 Whiting',' Weeks & Stubbs Richard W. Clarke CorpiJ Offered r underwriting of 4 r/s 4.70 2.95 G. corporation's offering to common stockholders of 725,567 shares of additional common stock (par $5) was awarded Nov. 2 by the company to a nationwide investment bank¬ . ry." oper! Swiss American Corp. Tucker, 'Anthony & Co.— South West Corp.—Common —As "mentioned in our issue of Nov. 7 share. from Net Sons— & & Sutro"& 170, p. "1799. Central & , Net .60 Company-— Shuman, Agnew & Co.„_ 1,243,101 $1,357,631 .60 .40 Stroud income Net -V. Son— 2.95 Co.—' & Maynard $5,047,051 deductions & Harden- & 307,936 155,940 railway^ Williams Coe—.60 The Marshall Co.J : .60 William $1,735,907 _• from Levy & Co.— Russ Gross Gross Hilliard 2.95 1946 322,676 income oper. 1947 $1,676,194 319,582 Mackall A, E. Masten & Co. -Co._—r.7—__ Brown The 6,712 . J. ry. 1948 $1,503,185 — From Jan. 1— .60 : Lawson, 4.70 Co Securities Brooxe Alex. $5,040,339 J Net .60 — 01ds7_ & 1949 ' * railway— from, railway B. Securi¬ & Weeks Boenning Mos.—1948 California Co from Net 4.70 Moseley & Co.i____„ Baker, ;""'l949—12 are' as • • Percent, First Co., Langley'fc Co.____ & Dominick Other & __ $5,234,967 $20,340,893 $19,159,928 3,848,949 15,014,064 ' 14,119,588 £.076,049 ■ •• 3 Chicago Indiaiiapolis & Louisville Ry.—Earnings September— Gross 4.70 Adamex $5,810,553 Ripley . ties Corp. .7, Clark, Dodge & Co.__— Dr'exel & Co.-l: fl,664,473 Co.—Earnings— 1949—3 Mos.—1948 Operating revenues ___.l Oper, :exps. and taxes— •» Forgaii & Co._ C. F. Central Power & Light subscription warrants, J. Glore, 1167. Period End. Sept. 30— of Goodwyn W. $8,054,073 $5,955,336 exercise Harriman $8,062,603 DrO, 741 $4,234,311 the Inc. $6,266,461 — the Percent. Blyth & Co., Inc.—4i70 Smith, Barney & Co.— 4.70 Stone income p." subscribed for upon iollows:•* * • 4,679,562 'Z)r28.454 _ ._ deductions 170, 5,028,843 of the underwriters who have severally percentages indicated opposite their 725,567 Shares of Common Stock as arc the such of names, not 3,021,000 3,625,623 $5,898,711 —~1—.. income Income —V. income income Gross 3,951,756 2,253,000 taxes ——; Operating Other '2,973,661 2,851,351 income respective (1911) names agreed ; 3,885,139 Depreciation taxes UNDERWRITERS—The to' purchase, in * 1949—12 Mos.—1948 3,815,580 3,311,518 - Other Corp.—Earnings— 1949—9 Mos.—1948 $30,206,033 $32,136,796 $40,765,589 $42,651,573 12,353,702 14,356,033 ' 1'7,370,378 19,761,310 —— Federal THE * COMMERCIAL & FINANCIAL CHRONICLE / per year. and advertisementf must be made in New York fUQ&3« "7 4 (1912) which last THE with compares $15 year, of The class voted 7 stock common stock, at isi callable The of A preferred paid. was Nov'. on share per $105 plus the annual at 1948. On Dec. 15, special meeting a each shares 12 of common 83,000 shares accrued any rate of the offering class A stock. of outstanding, are dividends $6 and receives (par share. a parallels a corresponding plan announced on Nov. 7, to be submitted by the Coca-Cola Co. to its stockholders. The offer by Coca-Cola International Is contingent upon Its accept¬ ance by the holders of a majority of the class A shares of the corporation and upon parallel a plan of the Co, Coca-Cola operative through the tender of at least 50% df thstt company for exchange under its plan. the proposed exchange, if effectuated, will occur early in •Common stockholders of record at the close of business entitled be will plans Dec. to will to ma.i to the at vote notices the of meeting the Nov. have 18 ;. Bureau ized stock iiom 203.009 to common Coca-Cola also See 209,874 above.—V. Co. 170, 300. Colon Development Co., Ltd.—Production— 465,854 barrels for weeks ended Aug. 29, tiie four 1949.—V. 170, 70% so to as the are: Moines, of at Ry.—Earnings— $1 Net ry. 1948 1947 1946 $165,698 55,666 $234,403 102,753 $178,141 $134,885 73,385 51,273 50,367 35,181 21,043 the income— oper. the Net from idea trust a From Jan. 1— Gross S. 1,475,072 967,898 to 892,061 619,680 298,581 families, 335,621 521,634 292,508 189,826 resulted Young, Vice-President and a Combined Locks Paper Co.—Stock A stock common One to D. M, Bare due Paper Co. serial Class A Class slock — — 18, Insurance Co. redeemed preferred Equitable retired 20, 1946, in Life Insurance August, Co. of Iowa. in Delaware Feb. since 1889. , by D. M. Eare Paper Co., a wholly owned subsidiary, was acquired on July 15, 1946, at a cost of $156,400 through the of the outstanding stock of that corporation. It the company purchase all of operates mill located at Roaring Spring, Pa., at which it manufac¬ by the soda pulp process and manufactures and gels quality book and magazine papers. The Co. a chemical tures book are and pulp principal products grade catalogue, the of The D. M. Bare Paper telephone directory papers and company magazine papers, rotogravure, and carbonizing and waxing papers. Coated papers, which for the fiscal year ended Feb. 28, 1949, constituted approximately 34% of the company's tonnage production and 33% of total sales value, have been manufactured at the Combined Locks (Wis.) mill in commercial quantities only since 1946. .PRODUCTION 1949, the Combined the at D. M. Bare mill D. in Locks M. mill on Bare in in 1941, and gieatest present ended Feb. daily a 11,045 volume capacity tons produced attained of the that at Combined 15,000 is sale or the tonnages during each the mills present management to foster sales of the a contract basis, as distinguished from a nun-contract basis. The following tabulation indicates shipped by the company and its subsidiary on each basis of the on last three fiscal years:. 29, Feb, 28, — j Net D. M. Bare Paper for Co. 29% 13,158 83% the 1947. 23% 10,090 17% eight months ended DIVIDENDS—Since April, 1949, when the company class A stock was created, two cash dividends, each of 25c per share, paid to the holders of the class A common stock on June 1, 1949, ami Sept. 1, 1949, respectively. A dividend of 25c common stock has 15 been stock. It is the RECENT DEVELOPMENTS eiAtely following the lormation sition of Locks Co. the of assets modernization production, as on its previously outstanding intention of the board of the class A common stock. on directors the EXPANSION necessarily During the period designed to improvement and capacity and speed of increase as from March 1. 1946 SSSItA aPPr0Xlmat<"1y $2,445,000 The improvement stantial^ complete. in program to June 30, pursuance initiated During the balance ending Feb. 28, 1950, the of of in the 1949 the company its improvement 1946 is present now fiscal sub¬ vear management estimates that capital expendi¬ aggregate approximately $190,000. As at June 30 1949 the had company commitments in connection with 8mm in the amount of $120,000, and as at commitments aggregated $135,000. ACQUISmON Februaiyr, OF predecessor ASSETS OF . 1946. John Hemphill, Noyes & in the of who such of had Co. interest F. Cuneo, one (now of its improvement Aug 31 1949 ' prothese of of incorporation STATEMENT OF Such to the COMPANY—In selling stockholders and Hemphill, Noyes, Graham, Parsons &*Co ) certain of the selling stockholders caused 53,648,658 52, 606,301. 3,342,400 20,641,200 18, 258,300 $8,942,104 $8,725,107 $50,344,378 $50,379,952 44,602 29,113 374,765 174,823 $8,754,220 $50,719,143 $8,986,706 $50,554,781 3,703,173 3,286,548 $5,283,533 $5,467,672 14,173,003 J 13.660,960 per of $36,546,140 $36,893,821 share___ common $2.35 $2,29 2,511,112 2,436,152 10,077,707 9,777,701 9,794,307 55,566,943 10,096,514 56,741,253 1,553,085 1,515,544 14,470,677 16,451,243 electricity— (Company only) Period End. Sept. 30— revenues_____ 72,762,751 37,190,171 expenses Maintenance 1949—12 Mos.—1948 Fed. S ' 7,200,000 other eral $ 74,414,147 315,474,880 314,841,982 37,369,158 154,874,419 154,586,055 8,382,669 31,726,021 32,458,619 7,623,358 Depreciation Taxes, 6,700,000 28,000,000 26,376,629 10,829,594 than 10,720,728 43,350,026 Fed- income 2,440,000 2,925,000 43,975,419 16,797,000 7,479,628 8,316,592 40,102,021 120,292 121,132 740,423 604,164 income 7,599,920 deductions 8,437,724 2,455,586 40,842,444 42,714,818 2,882,441 10,324,321 9,857,468 32,851350 Income tax (est.)—. v, 15,960,000 : sale Operating income Nonoperating income 42,110,654 " with Gross became amended '1949—3 Mos.—1948 $ Operating Operating Hemphill, shares was INCOME (INCL. Feb. 28, 30,'49 so as Net 339,336 $372,026 9,759 $1,677,219 28,386 $35,600 of $1,384,453 75,971 138,251 21,296 425,321 601,619 466,533 67,650 89,857 85,600 $205,240 $671,257 $983,438 16,997 ;•) income——, taxes interest and and $10,087 in : • 7, of the & organization Southern by Granville of Coip. this of rate ' York, of The service these the to latter c.ty The of tne the business The company history work the over than more since people. of has company in 15 past 1,400,000 public York of years its services independent an utility, 40 more and kilowatts of in The capacities Service offered by the Commonwealth organization in¬ engineering, accounting, taxes, insurance, pensions plans, rates and rate audits, purchasing, merchandising, public relations, stock transfer, and general consultation and reports. Officers, who are also the ■ directors of Commonwealth Services Inc., are: Granvlile H. Bourne, President, William G. Bourne, Jr., Vice-President, and Treasurer, William B. Tippy, Vice-President, J. H. Foote, Vice-President, Walter J. Herman, Vice-President, Harold S. King, Comptroller and Edward E. Nelson, Secretary. financing, the new George C. engineering organization J. are: Nov. and J. R. J. Dissrneyer, Jackson, Michigan. of Professional services of V. the Compania Salitrera de Tarapaca non-interest clusive,- have been these sufficient bonds, forms N. are M. & company in Chile. 1. to the exhaust the at Sons the London, of sum Trust series has company Schroder in bonds, invited In at or not A £51,342. Co. England, These forms must be filed will will be be examined notified by 2117. p. that income in letter London on or Prov. for Federal Other depreciation— income taxes— Fgderal taxes New the later Redemption York City, office than 3 on Dec. before 15, Dec. 22, 1949 of the p.m. atfci Ibcal taxes— State and 1949—V. Net Other oper. income revenues (net) Gross Income Net —V. income deductions income 170, p.. 688. the at debentures - said be the for a bonds new 35-year will term, carry subject to 23/4% a the Com¬ bonds is also subject to stockholder approval on of certain proposed amendments to the company's mort¬ ; new • to S .... . . of the financing will be used primarily $19,259,000 of outstanding series P and 1949—Month—1948 $2,760,309 170, p. . redeem 3% ; the bonds.— Consumers Power Co.—Earnings— Prov. for expenses 770,417 25.000 819,789) 300,000 300,000 4,395,800 $1,380,211 debt- ,972,120 7,969,307 j income long-term on 25,000 935,597 income taxes Gross 1948 acquis. taxes Federal 1949—12 Mos. $6,867,574 $91,239,255 $84 ,999,346 4,081,279 50,837,953 46 ,848,712 688,083 8 ,082,000 8,998,000 4,349,232 depreciation of plant adjustments General $7,469,457 . Amort, Int. 1949—Month—1948 revenue Operating 1949—10 Mos.—1948 $3,738,476 $25,389,815 $28,142,820 1392. Period End. Sept. 30Gross ,758,063 $1,253,423 $18,738,195 $18,038,450 342,839 345,249 4,126,031 4,150,296 and exp— 36,226 36,211 Other deductions 434,685 434,870 (Cr)__ 61,699 83,375 710,079 682,579 Amort, of debt premiums Divs. discount, income on $1,071,845 280,790 $955,338 $14,887,557 $14,135,863 280,790 3,369,192 2,691,192 $791,055 $674,547 $11,518,365 $11,444,671. preferred stock Balance 170, The for v 1696. p. 1949—9 Mos.—1948 the 1969, 'C49—12 Mos.—1948 $5,650,697 $6,088,641 3,719,5'>4 4,750,450 4,864,468 203,619 174,247 274,455 89,595 247,919 92,259 96,820 365,499 284,338 383,168 to be offered at New York. 3 filed debenture 100 a letter bonds, and . notification ! with the to ■ . SEC Nov. 1, 1949, due Nov.'Il. Underwriter, R. M. Horner <fc' expand business, etc.—V. 168. interest. Proceeds will be used 1142. of dated «■■■! Cuba Northern Rys. ments— ■« In accordance the with Procedure a for Co.- -Principal and Interest Pay- Transitory Provision of Deposits, and the Plan the Constitution of for the Issuance of payments will be made on Dec. 1, 1649, of interest of $3.79 per $1,000 original principal amount of first mortgage gold bonds, 5%% series of 1942, due 1942, "part-redeemed." presentation of bonds for stamping $GZ,606 $178,644 $221,809 254,023 253,733 338,813 337,589 $517,457 $559,399 $392,246 •345,340 37,707 .r.5,918 54,609 167,215 $354,53b $309,421 $462,848 $392,184 the of rider and attached upon thereto; of $33.39 per deposit receipt "part-redeemed," for $1,000 original principal amount of said bonds ($3.65 interest payment, S15.68 prin¬ cipal payment and $14.06 cash payment in lieu of participation cer¬ tificates for withheld Nov. at 21, 1949, amounting source) 1949. to holders to The New York $14.93 of less record Stock the bonds be $138,223 ,t Nov. on 5% Participation Certificates, $4,501,653 127,227. 75,058 company $250,000 Co., p. 168, 3,475,498 114,531 268,612 of on United $4,154,021 69,172 will Sales Cuba, 87,982 value 1595. Credit Acceptance Corp.—Files with SEC— N, in¬ tenders of Connecticut Railway & Lighting Co. —Earnings— — the of 17, 1949 —V. to • Period End. Sept. 30— Operating revenues Oper. exp. and maint— stock common face of out¬ Only officials, Antofagasta (Tara- y Payments will be made in English pounds sterling, dollars, or Chilean pesos by the redemption agents. Tenders result notified available Rothschild bearing into each $5 the 1957. Consolidated Retail Stores, Inc.—October Sales Lower Antofagasta Nitrate Co.)—Tenders Sought— of for 30, Sept. 30, on investors. President, Period End. Oct. 31— -V. Holders outstanding convertible 170, p. next, Sept. 170, p. 1800. Net engineering company include consult¬ ing and design engineering in the electrical, mechanical, structural and power plant fields, together with engineering investigations and analyses, and the preparation of expert testimony and reports. paca & sale company'3 H. Foote, North, Vice-Presidents, Secretary, and Russell W. Parkinson, Treasurer, Daniels were Debentures— 20, due approval. gage.^.;, welfare of are common 1949.—V. and coupon mission's years. a billion dollars of financing engineering forces have designed 1930. clude and of 20, Schmidt, interest other the plant $250,000 Dec. on debentures $20,000,000 issue of its first refunding mortgage bonds to company, industrial and generating of Corp.—Calls redeem limited and electric Dec. to convertible several institutional than its 46,046,846 voted debentures share one to Proceeds Jackson, Michigan, the engineering organization. is owned by its officers and employees, The company and its predecessors have than more handled as in New headquarters numbering about 400 a established now business located are being stock is conduct Offices formerly System, with 45,318,666 Consolidated Gas Electric Light & Power Co. of Bait. Sell Bonds Privately — The company announced Nov. 9 that contracts had been signed for the private sale, subject to approval by the PSC of Marry land, of a new tl subsidiary, Common¬ Mr. Bourne.;' owned by the operating was Comomvealth companies, authorized fields. which company, in The announced was H. Bourne, President. Organization of a wholly owned engineering wealth Associates Inc., was also announced by companies 9,536,506 8,318,756 1800. —To of Federal refund formerly company, New 9,492,375 Engineering have issue an The prior $756,347 1949 paid directors said. 14,432 $1,705,606 30,690 ; 30.518,123 170, p. standing series A 6% $1,370,020 37,437 $381,785 — 5,982,138 2,303,396 8,345,561 ft— gas—cu. Consolidated The 244,487 $1,225,102 60,873 — lcomc of "000s omitted.—V. 28, $7,142,177 5,527,668 276,969 $1,187,664 4,717,479 2,369,601 electricity— 1947 $10,769,454 $10,152,249 9,242,453 8,198,060 133,723 of kilowatt-hours "Sales Feb. 1948 income "Sales SUBS.) Feb. 29, 1949 $3,284,041 I Completion Nov. to • 12,386,013 0 f gas—cu. ft._ "Sales of steam—pounds "000s omitted. / common four for one, up 100,000 ' PREDECESSOR of ' ,3,122,300 "Sales originated families. expenses) split was instead 2,778,291 Commonwealth PROGRAM—Imme- of expenditures tures wui shares Commonwealth Services Inc.—Organized as Independ¬ ent—Formerly Part of Commonwealth System— Dec. to reduce production costs. In addition, sub¬ were required to be made for repairs and main¬ deferred during the war years. stantial tenance program. Society Berlin, deducting stock 4 Mos. End. State States AND $ (est.). tax kilowatt-hours Mr. the program well 1946 the company in 1946 and the acqui¬ predecessor corporation, Combined Paper company entered upon an of Wis., the payable Dec. 1 1949 to dividends had been paid since No in present quarterly cash dividends on declared 1949. company common to pay share per holders of record on Nov. the organization of the "Sales Equitable Lile (Mutual), Des Co., in connection with Federal taxes of predecessor corporation.—V. 170, p. 194, CASH common A E, "Excluding $190,850 in 1947 and 1.948, and all 77% * ' / 13,144,322 income Income Edward of Total Fed¬ deductions (net) Earnings cumu-i Nebraska, the Treasurer of the Soldiers, Sailors 7,500 members certificate State were class the profit President, Shipped 14,268 71% 42,983 - 48,161 The and Richard shares deductions——— Tonnage % of Total 34,348 1946——_r—_ 1949— •Includes Feb. 28, 1949, income Contract Tonnage Shipped 1947 Feb, 400,000 ——— Officers Contract Year Ehded- Net preferred . of Non- •Feb., 28, that Federal 28, own mill and 14,280 tons with 39,734 tons produced tonnage volume realized by years, the year its greatest recent The years. at compared the fiscal oh annually. the policy products of both spot mill tons This 1941, the a three-shift basis is 160 tons, or about 48,000 tons on a six-day week. Present capacity of the D. M. Bare similar production schedule is 50 tons daily, or about tons It in company recent annually mill 45,243 mill. Locks predecessor the SALES—During produced company at at AND of Account 16,500 (before t2,615 predecessor which had engaged in the manufacture Of mechanical pulp and the manufacture and sale of lightweight printing and other groundwood specialty papers 'The Co. 4,/2% cumulative Insurance Assurance the the common Other its of authorized 4 V2 % "Prov. for income taxes: Mutual 1949, pursuant to provisions of BUSINESS—Company, incorporated business 1948, 100,000 shs. . fund. continues the for for a 300,000 shs, 100,000 shs. — «£ r——— income Income 4'/2% t50,000 shs. in equal amounts to The Connecticut ana Life the Insurance to created sales of Other 200,000 300,000 shs, and sales Gross 50,000 shs, —— slock sinking 'HISTORY AND in Total 1948, them Sell,, adm. and gen. exps. notes, par) income Gross "700,000 - Feb, by trusts April, Cost ($1 part: B "Issued shares ($25 Central June Net 200,000 pfd. cum. Common stock Life respectively, CONSOLIDATED Outstanding 700,000 8,568,750 than income ' ' 1 1949—12 Mos. —1943 $ 82,707,693 367,447,986 364 ,267,630 40,103,313 172,130,003 173, 878,453. 9,675.860 37,277,497 37, 551J996 7,975,000 33,406,250 31, 592,623 9,050,838 Operating income Nonoperating income . $180,000 1951-60 4Va% Life 3% Mutual Life its of of Connecticut Period— $300,000 Fed. by Hemphil, Noyes & Co. were sold, at $1.35 per share, employees of the firm or members of their immediate or or result (par $1) at $12.25 per five-year 214% bank loan 15-year 3V<% notes to shares of 3a,368,568 — other eral reclassify the outstanding 400,000 shares of common stock into 100,000 shares of class A common stock (including the shares nowoffered) and 300,000 shares of class B common stock, each of the par value of $1 per share. j 1 CAPITALIZATION, JUNE 30, 1949 Six Taxes transaction above, and to the Muriel J. Eerlin Trust, by Mr. Berlin for the benefit of members of hfs imme¬ Of the shares so sold, Mr. Berlin purchased 10,000 and 14,000. Thereafter, all of the 22,500 shares of common January, In Proceeds go to selling stockholders. • 50,000 81,196,882 • ' ' " expenses Depreciation outstanding. Offered—Hemphill, Authorized of amounted to 1.1C9,800,608 feet in the same week cubit 1949—3 Mos.—1948 revenues—..— Maintenance elec¬ to Noyes, Graham, Parsons & Co., Oct. 31 offered 30,000 shares of class Operating Operating of 220,100,000 kwh., week of last 17.5%. $ the partners the director, has been elected 170, p. 1800. a shares holders gross profit Noyes & Co. of $7,875. to the newly created office of Executive Vice-President.—V, share. of stock retained 2,016,154 Columbia Gas System, Inc.—Official Promoted— •^George Iowa, of share, Trust In * Period End. Sept. 30— created 711,217 railway—.—-Net ry. oper. income—.—V. 170, p. 1291. issue distribution corresponding week same 1,020,800,000 increase of an local amounted to the CONSOLIDATED INCOME STATEMENT of $700,000 family. 1,872,643 railway from 10,000 Connecticut of purchased diate 22,806 railway of with that 1949, for of gas in the compared preceding year, participa¬ purchase loan par), of which 40,000 shares were the redemption of the 4%% partici¬ stock. In June, 1949, the company sold The Bankers State per stock from The the in the feet, of the 6, Marines 1949 September— from railway in an cubic Fund, and Agnes B. Noyes, wife of Jansen Noyes, a partner of Hemphill, Noyes, Graham, Parsons & Co. Upon the consummation of the acquisition by the company of the assets of the old company, Mr. Cuneo and Hemphill, Noyes & Co. sold, Oct. 29, 1949 had 376 stores in operation, compared with 379 at Oct. 23, 1948.—V. 170, p. 1188. Gross & Co. and announced kwh. ($25 pieferred stock. The Co. Iowa; the and The company on Net authorized an stock remaining stock 43 Weeks Ended create preferred preferred Insurance Oct. 29, '49 Oct. 23, '48 Oct. 29, '49 Oct, 23, '48 $13,348,191 $13,174,057 $137,255,479 $136,720,410 Colorado & Wyoming Noyes stock 9 reov. 206,600,000 increase of 6.5%. Local distribution 4Vi% time the loans were made, the $700,000 Hemphill, Noyes & Co. was repaid by upon the acquisition of the assets of the immediately cumulative privately Colonial Stores, Inc.—Current Sales Show Gain— 4 Weeks Ended year, series,-at Mr. Cuneo and aggregate amount of Hemphill, preferred on with privately to provide funds for pating "' —- of end company compared 30%, respectively. lative Sales arid stock and cumulative 1696. p. Cuneo company sold 354,167 barrels, which compares with weeks ended Oct, 3, 1949 and 369,375 amounted to barrels for the five 1949 31, Mr. amended announced that is production in the four weeks ended The company preferred stock, leans made by Consolidated Edison Co. of New York, Inc.—Output— This tricity for the week ended Nov. , '* Oct gf 40,000 shares of store), and through Monday, November 14,: 1949 acquiring company out of funds obtained by the sale, by the company, of S. Government securities included among the assets acquired from the old company. In June, 1946, the certificate of incorporation of the company was amended so as to reclassify the 40,000 shares ($25 par) preferred stock, 4 Va % series, into 40,000 shares of 4%% participating cumu¬ lative preferred stock (jpar $25), and the 40,000 shares of preferred stock, as so reclassilied, were sold by Mr. Cuneo and Hemphill, Noyes & Co. privately to Institutional investors at $25 per share. In August, 1948, the certificate of incorporation was further shares. p, of purpose old Internal of the U, common Revenue, and the New York Stock Exchange. The stockholders oil Dec. J9 will also vote on increasing the author¬ the for CHRONICLE Pursuant to agreement at the made by Mr. Cuneo and the by which time it is anticipated that, the requisite clearances been secured from the Securities and Exchange Commission, X, incorporated loan 1950. on and per common were A 19, The corporation stockholders prior Dec. on to meeting of tions becoming class be FINANCIAL Hemphill, Noyes & Co. to the company in the $700,000, and bank loans in the amount of $500,000. shares It is anticipated that the of $1), ($25 par exchange proposed to Company & all of the assets and assuming all of the liabilities of Combined Locks Paper Co. (Wis.), The purchase price paid by the company for the assets of the old company was $2,233,200. Company obtained funds with which to maRfe payment of such purchase price and for its other organiza¬ tion expenses through the issuance and sale to Mr. Cuneo and Hemp¬ hill, Noyes <fc Co., at $1 per share, of 100,000 shares of common stock ... • about share a div.dends in the proposal to authorize a for wliicn or paid call to Dec. 19 to act on on share one share pel' The directors stockholders $37.50 COMMERCIAL Cuban at tax the Exchange close on Nov. of $.87 to be business of 4 on directed that- quoted ex-inte:est $3.79 per $1,000 bond on Dec. 1, 1949; be quoted ex $34.26 per $1,000 deposit receipt that the bonds and deposit receipts shall continue to be dealt in "Flat," and the bonds, to be a delivery in settlement of Exchange contracts made beginning Dec. 1, 1949, must have the rider attached thereto stamped to show the above payment. that on the deposit receipts Dec. 1, Interest York, N. 1949; is payable Y.—V. 170, on p. the 4. -bonds at the Naional City Bank New Volume-170 Number 4855 THE COMMERCIAL. & FINANCIAL CHRONICLE 5 (1913) •it Cuba RR.—Principal and Interest Payments— In accordance with the Procedure Issuance of Participation t, J949» vof $33,39 for Certificates, ($3;65 interest ; . . Deposit, and the Plan for will' be rtiade payments principal payment,' $15.68 STATEMENT OF CONSOLIDATED SURPLUS „ the fen' Dec. Nine Months Ended Sept. 30-/' i'- BALANCE-SHEET 1949 32,500,000 amount business Nov. on ,The New contracts '* 21, 1949. York Stock Exchange the deposit receipts in ' 4 Nov. on Nov. <• .. on $34.26 ex directed that Total Exchange Total 17, Gfpss Net revenues. U.- S. " income Canadian $5,664,994 63,408 1,022,618 8,841 taxes.... 26,911 * taxe3_ 509,272 taxes 685,936 —; 616,037,293 501,956,142 ' 559,193 1,543,804 1949 Earnings —V. 224,643 . share. per 170, 181,651 * $0.81 1' ■ income •Deficit.—V. 170, 1,614,242 176,840 223,743 224,643 $1.12 - $0.79 302. p. 786,393 872,880 2,337,457 2,646,310 $1,977,971 "$63,748 $5,222,624 Tonnage milled Estimated —V. Denver & Rio Grande Western RR.—Earnings Net ry. 1948 $5,564,115 railway...1,342,831 from Net 1949 income oper. Net from from Net ry. railway..: $5,351,873 1,485,123 1,013,859 1,150,246 684,733 and ICC Oct. on 41,375,728 14,401,717 9,488,952 40,295,430 5,330,766 9,157,296 5,393,400 2,908,045 liability in certificates, Trust 'Co. of respect series of authorized O, not in connection —V. p. 1596. 170, with by profit Com. shares sold at and 99.5223 of procurement certain accrued equipment. The stock an: agreement also V. Nov. on from 28 1,000,000 dated Oct. will Subs.)—Earnings— r 1949—9 Mos.—1948 $708,553 $909,816 $2,481,097 $3,086,469 outstanding^ ,',1,230,500 .1,230,500 1,230,500 1,230,500 $0.74 $2.02 $2.51 share— com. $0.58 charges and Federal income taxes.- ;/ 11, increasing the authorized * 1949, 170, p. 1801. v , : The Period End. Oct. 31— 1949—Month—1948 Sales $1,600,353 —V. 170, $4,267,454 March Albany, Erie ■'■'v, The Net ry. recently declared 50% a dividend stock its on ordinary registered stock, payable Dec. 2 to holders of American deposi¬ tary receipts of record Nov. 10, 1949, through the Guaranty Trust Co. of New York. The Nov. Committee 5 ruled Securities on that the American registered stock be quoted "ex" Nov. way on Each amount been 7, dealt split up tive Dec. said 50% receipts for receipt 1949, from Net ry. Curb time registered stock. registered £1 Such stock sterling as principal has recently each, and effec¬ 4s. shares in exchange for and Exchange the at the American have picked Ueland I. Sales still for receipts unlisted for the full first the like the on President. the behind but basis fiscal The five the and court months period Dec. 4s. 2, Oper. Pyrene A. decline a above was as in year ago, the payment Pyrene of by fiscal company's result a the of earlier Net 1949, of the 4 announced lawsuit a Co. dismissal the it brought seeking of had made against damages year in last the 170, by Pyrene merchandise was the in parties were brought in and by year amount a credit purchase of .. the of bear be to their a New Jersey (Including ' " . Net used by products. respective state court 7' $ ; ... . . Total ♦Cost of goods Sell., gen. & sold— adm. exps. "B" $ 170, to 11,438,248 Net Oper. Other oper. 32,096,694 income income (net)_^ 4,772.100 16.878,800 22,320,000 78,570,000 Fed.; Prov. operating ^ excessive for struction Net Divs., costs Balance fShs. of com. fAmount share stock stk. com. 49,188,230 2,774,956 2,774,956 8,324,869 8,324,869 ($5 $3.20 $4.92 36,184,762 127.669,856 93,245,976 44,832,412 44.632,828 *$1.03 value) June basis, 15,' 1949. i.e., after 4 corporation 1949, the *$2.85 *$2.09 month for 1 periods. stock " . split JPres- which the Net ry. In declared stock, also since 1949 1948 1947 to a guarantee issue $1,790,484 $1,629,898 23,378 "57,430 99,413 income— "343,828 *153,917 *279,937 / Year Dividend We Dec. dividend 10 $1.25 of that its The of $4.25 holders to share per It would long-term corporation $3 eight anticipated rate in life sold each share per in and retire notes has 1948 Dec. 10, in December, which had other long-term no both on of in of of notes companies for its been to was note provide Of the addi-. capital total to was mature 2Va% was long-term to increasing working products. $96,000,000 $29,000,000 series or and for amount an $125,000,000 a insurance demand balance whole gratified are to that is thus years, to note mature In 1966. The these and in notes could part at any time. be in than more above ^ this at correct level to make General of what time of owners reduced to r".'v / . position 400,000 the helping stockholder dividends has been dividend a Motors in common' the postwar' inequity an th£; to ' group. the first nine months of 1949 sales still were benefiting1 a backlog of deferred demand and dollar volume was affected ' by the higher price level. In this period production has run at high levels. Employment in General Motors has been at a peacetime record, more than 50% above any figure prior to 1940. Payrolls'4 have been high economic levels. at peacetime peak. a activity, It volume levels, is and over demand since of the always the Not war. to necessary out, prewar period believed years in of their' from' c the of . production . dividend this. inflation basis , During for plant facilities, and of v - to ;. benefiting lack liberal a reflected of relatively unrealistic the still , times at be the in case been on are from „■ , the have would sales resulting - four years capital requirements increased greatly as a result was long a pointed as has in earnings that it , Motors dividends is generally As and recognized profits since, , General sales also backlog of deferred during the war. ; wnich policy the working has .las/ capital occurred did new capital have to be obtained, but it in the business a much higher, percentage only retain .v earnings than prior to 1942. net level of sales all have have Thus, GM products, risen returned in in the general terms only of cost today's approximately of purchasing power, the terms of living dollar, to GM and OAners the dividends their, prewar dollar" 20,365,031 3,799,649 3,044,765 19,506,998 4,142,35*2 the income— "145,395 1,621,805 618,828 1,897,044 ber Oct. on 31 The in Proceeds to is not be common will used ' of stock, 2, notification to for further expansion ' the general 168, p. 1798. public at $10 per of (telephone facili¬ | , United profit largest and In loss the surplus company's Massachusetts profit and assets was were loss State surplus f; and total history, Tax on $1,149,240,689. . " assets Commission. Dec. On of according Dec. to a ' and The 3lV the income the a busi¬ last few in the Canada cars and during October, compared with trucks. Of the total vehicles passenger date, the United and cars corporation States and 36,490 has Canada period last year. PRODUCTION OF were produced VEHICLES BY GM 1949—Month—1948 7 with r .//? cars/ 1,807,83/, ./•/-?- DIVISIONS, 1949—10 Mos/-194B . Passenger "— Septem- ' - in'' produce/; trucks.' 2,421,182 compared . MOTOR Period End. Oct. 31— y trucks and cars Chevrolet— 1 108.007 70,709 968,488 27,588 32,074 339,036 658,26A> 328,997'« 28,123 210,704** Pontiac— 288,718 18,344 250,660 167,986 32,110 20,494 341,199 226,767 7,076 - —-—T— Trucks 21,668 24,620 Passenger 5,899 74,750 604 1,965 * Oldsmobile Buick filed Cadillac 31, 1948, was $809,759v041 and Dec.. 31, 1947, the \surplus were $1,025,733,485. \ the / , passenger . were / during groups . 242,844 were to year same 1948, year's gain of $77,739,491 in the surplus figure and tile rise $2,807,325 ,in reserves indicate that earnings in 1948 were large. The exact an(punt of net earnings, however, cannot be determined from the figures as no disclosure was made of dividends that may paid during the year. and 269,254 206,354 trucks the statement $732,019,550 and total assets of States output cf produced Trucks Vr' ^ ' Ford Motor Co., Detroit, Mich.—Surplus and Assets at Record High— • other SEC sold to present stock¬ at which itime the balance offered ■: with corporation October to be 1949, be underwritten.—V. ' letter a share until Dec. per unsubscribed Issue filed behind October Car Production— 21,962,353 / lagged years. 3,120,290 170, p. 1234. have ness 19,902,941 company have been in paid per record of paid ^ of for plant expenditures, the payment for account of Alfred P. Sloan, Jr., Chairman of the Board, and C. E. \ " ■ , railway. oper. the to "269,848 28,500 shares (par $10) The the up . year-end a with 1946, General Motors $125,000,000, interest For with 13; by corporation ' group the meet level. 1946 $1,733,458 "15,596 Florida Telephone Corp.—Files with SEC— share Nov. on 1698. p. payable announced 1946. / August, issue railway—— shares avails console . the to foreign Declares — compares $125,000,000 indebtedness. wage $1,495,240 from from total "$0.61 of 10 hitherto railway— railway——- From Jan. 1— Gross 44,600,552 44,788,151 debts three outstanding 1801. oper. Net the 46,413,274 stock— par effective 4,147,341 $1.87 from ry. The to S12,646,106, respectively, in the three and nine share 2,757,022 $1.49 p, from ties. 38,959,718 135,994,725 101,570,845 make . and 1,498,577 share— holders at $10 "Including other operating charges, except depreciation and obsoles¬ (Including in 1949 accelerated depreciation of $4,313,792 and became " 1 " 1,073,622 1,257,935 43,359,718 135,994,725 " 14,900,000 directors This a $6,480,671 for — Stockholders of Corp. common current Oct. 9, '48 1,257,935 26,175,485 cence. ent Oct. 8, '49 $4,303,321 90,295.360 4,400,000 the project —40 Weeks Ended— Oct. 9, '48 1,257,935 37,804,434 applic. to each of /, $2,447,597 98,190,291 116,470,845 7 high .7 7. 1,257,935 10,511,531 ,— outst. $6,657,866 ■■ $18,547,183 $21,842,115 $52,053,137 $64,683,038 3,030,589 3,946,174 7,060,343 10,628,012 September— Net The ... .— $7,347,537 $1,956,967 32,848,187 —— applicable common 1949—10 Mos.—1948 $875,940 ________ com. 170, Gross 61,570,000 con- period preferred stock $853,532 outstdg.—.. 49,188,230 income for on $2.11 Subs.)—Earnings— — profit shares 12,543,924 income (& charges—; and foreign State Net of Net to for necessary or During 1949—Month—1948 after 36,644,306 (net) $139,386 $2.39 11,718,700 29,190,000 inc. $158,444 ; Florida East Coast Ry.—Earnings— 6,602,100 on *$3,340 ..7 Co. "Deficit.—V. fund) 29,390 stock— ; sales Net inc. ' 53,447,864 combined facilities preceding quarters, and makes a total cf payable in 1949, which compares with $4 50 and June 10, 75 cents each; Sept. 10, $1; year-end of $2). / . a $168,777 52,895 Oct. 8, 49 bonus (tenta¬ taxes $211,340 —12 Weeks Ended— tively avail, for ciedit Fed. the m 6,092,616 preferred payment Motors 1949. (March $96,102 72,675 4,718 1393.;.. p. Flintkote r —V. $ 5,209,611 have program and space Corp.—Proposed Merger, etc.— the the the on 17, paid 1657. — —v. in 761.532,885 708.698,371 of of Nov. Nov. While 1,809,315 18,645,149 59,167 . $1,378 $189 share capital taxes 264,699,229 253.446,636 766,742,496 714,790,987 152,683,142 162.681,369 457,114,521 461.130,650 20,934,532 19,386,732 62,541,020 57,979,583 fDepreciation and obsol. Class i; 4,611 income Net 1,504,175 revs.— Department,. from 1949—9 Mos.—1948 263,195,054 251.637,321 operating $152,172 6,885 $4,800 costs Companies) 1949—3 Mos.—1948 sales 1,730,828 (M. H.) Fishman Co., Inc.—Sales Slightly Lower— Com. Wholly-Owned Subsidiary On share and *$5,507 5)641./ — $5,- cash the $5,000,000 will also be sought.—V. 170, 1976 $1,826,930 •• • to consent ... $250,000 Dow to The corporation of • p. the Wednesday .in April to the fourth Wednesday in July. to v"$841 (net/ 170, by Harold Manager of ;■ issue income per 10 General com- Green, Ky. to F. Smiddy, Vice- Bowling Green plant terminated moving operations began.—V. 170, p. 1802. time 1949—12 Mos.—1948 1,747,960 ^ Bowling consolidate modernization a tional funds Co.—Earnings— 1949—Month—1948 Period End. Oct. 31— 44 4-4. 1801. p. Period End. Sept. 30— Other ' r'T' - are gain for: a du Pont de Nemours & Co.- -Earnings— " , • meetings, scheduled for Nov. 7, this time until Nov. 21.—V. 170, p. 1801. 136,999 Earns, per (E. I.) ' "• • 128,128 income from voting upon the proposed merger with and into this corporation of Igleheart Brothers, Inc., a subsidiary, the stockholders on Dec. 15 will consider amending the by-laws to change the fiscal year commencing in 1950 from Jan. 1 to one beginning April 1 and change the date, of the annual meeting after 1 50 from the fourth 1,440,461 $500,000 out-of- a it suit years both which 1648.—V. the $250,000 a five said litigation, August, plus next Campbell ' • taxes— Earnings says downtrend, ■YjV.' ■'■///.' Nov. on Dow, over Mr. ' and "Loss.—V. outlook, Mr. Doan expects manufacturing operations of this and company will addition stock earlier a Campbell, Secretary and General Counsel, said the settle¬ involved ment ' $1,900,133 income cooler Wilson, President, said: Higher— statement stockholders' Deducts, from gross inc. [ ..• Calvin ' Corp.—Again Adjourns Meeting— $131,491 Nonoper. year. Manufacturing 030,000, 92,527,230 10,988,374 7,473,775 operating Net of Ford, estate. public $4.25—To Retire $125,000,000 Loan— 1946 $127,287 exps. water Bloomfield The annual of the and in be called 1949, stock ; of Suit— setilement 1947 14,321,932 1697. trading privileges in substi¬ after October present on the for ;V;:•; 1948 of company uo., • revenues— Sales Settles 6,973,553 Period End. Sept. 30— Gross satisfactorily up September Doan, , 105 bonds irust 130,425,118 110,724,247 32.964,192 21,950,695 19,469,192 again adjourned, Operating Clara his of annual an 170, p. 1597. General Foods ; special and of move which of - Fall River Gas Works surrender of upon opening of business depositary Dow Chemical Co.—Current Sales volume at next, Mrd i'ue 1948 - income— p. have been Guaranty Trust Co. of New York will issue receipts for the 4s. ordinary registered stock in company will be admitted to tution therefor.—V. 170, p. 785. Sales - 112,817,746 oper. by made executrix y;. General railway-/ !_ railway^ 170, TJie stock units of 1, debenture r. F. A. R. Liquidating basis into the and and ' ;t; 1949 ordinary American depositary receipt for one shaie of the £1 sterling stock. Accordingly, the present American depositary receipts for the £1 sterling stock will be stricken from unlisted trading privileges on the York 18 the depositary which from Net an at able In > . $12,389,310 $15,175,230 $12,666,419 $11,227,239 2,669.823 . 4,337,262 1,933,484 2,169,030 1,056,119 2,136,849 450,451 1,483,121 income From Jan. 1— Gross on ordinary the >' railway railway—„ V. represents at maue 1081. p. stock dividend in the regular for Exchange five-for-one a the ratio of five of such New be Dec. on convertible • the on ordinary on 2, American depositary, 'V/•. Exchange Curb 170, 6% :" depositary in said of York New Payment, wid from oper. is make iManufacturing at the redemption outstanding 1949, American presently the of called, for its 1867. Y.—V. from Net has company has of SeptemberGross She to Electric Co.—Transfers Water Cooler Opera¬ transfer facilities RR.—Earnings— Distillers Co., Ltd.—50% Stock Distribution—Stk, Split . all l, N. accounting an required npt At the time when water cooler production was established in Bowling Green, the company's facilities in Bloomfie.d were assigned to the production of other product lines, Subsequent reassignment of $4,694,889 1493. p. interest, oue 1949—3 Mos.—1948 $1,838,080 corporation and Diana Stores Corp.—October Sales Lower— in Ford. Henry is manufacturing operations with sales, engineering, and warehousing operations already carried on at the department's headquarters in Bloomfield and, in line with the re¬ turn of all-out competitive markets, will effect the desirable economies afforded by centralized operations. at Equitable Credit Corp., Albany, N. Y.—Calls Bonds— ' ; - , . patent rights etCi '/■ • to 2,000,000 shares and ratifying with Portsmouth Steel Corp. ' See- receivables; securities, idation. paid in each of the three preceding quarters of this year.; Payments in 1948 were as follows; March 15, 40 cents; June Sept. 17, 50 cents each; and Dec. 17, 70 cents,—V. 170, p. 785. Stock—Acquisition— consider shares late income.—V. The , stockholders ipdicAted was the of company President ..was common accts., to a report filed ih the Probate Court at Detroit, Mich., 10, the company paid dividends totaling $4.50 per share in. tH» July 1/ 1949", one of $2.5Q late in 1948 and $2 in early This its On Nov. 9, the directors declared a final dividend for the year of 40 cents per share on the 1,230,500 shares of capital stock out¬ standing, payable Dec. 15 to holders of record Nov. 19. A like amount - and Air Conditioning Department Bloomfield, N. J. was announced Nov. Final Dividend of 40 Cents— • Detroit Steel Corp.—To Increase 809,759,041 1,149,240,689. 1,025,733,485 880,046,611 ended The $6,368,777 $60,359,062 $60,619,497 1949—3 Mos.—1948 .• . :.j———. per "After equipment-trust National Bank & City surplus pany's 1949—10 Mos.—1948 82,250,000 the and the $6,095,551 Period End. Sept. 30— obligation assume 17,264,500-. 17,264,500 256,201,785 168,817,883 20.247,650 10,301,677 732,019,550 683,162,546 tions— 42,657 1493. p. "Net Earns, to company execeeding trustee, as dividends the issued be to Chicago, 170, Electrolux Corp. (& 49,625,306 5,93o,7o0 27 79,730 1949—Month—1948 —. —V. Equipment Trust Cetriiicates— The loss General 638,180 49,440,245 income... oper. 17,264,500 299.162,173 —u— 23,054,975 Nov. year of 1556. p. Sales $5,046,416 2,013,985 11,068,584 railway.. ounce?.—/ 96,244 Period End. Oct. 31— 1946 From Jan. 1— Gross $5)— (par $4.50 in Dividends Paid for Year Ended July 1, 1949— The Edison Bros. Stores, Inc.—October Sales Off— 1947 $6,401,339 664,368 7,692,839 1,149,240,639 1,025,733,485 880,046,611 . gold 157, t September— Cro.s from railway..._ 427;897,310 — payable; etc and 1949. Sept. 30, '49 June 30, '4(9 Sept. 30, '48 89.5j)7 83,153 76,301 Ounces produced (approx..)—-__— 14,212 13,308 1Q.168 Dollar value at $35 per ounce $484,741 $468,014 $357,964 Dollar value and premium 499,341 1,956,483 :• According on Malarljlc Mines, Ltd.—Production Rises— Quarter Ended— 1,753,531 1,932,051 1292. p. Profit widow 1,672,411 565,266 *$161,131 ... stock Accounts $2,935,454 253,493 $0.84 * LIA3ILITIES- Capital 1946 $4,140,646 189,871 224,643 1946 - - * 1947 $4,270,508. $3,973,984 profit after taxes../, Capital shares outstdg.1 - 386,183,312 295,942,885 402,105,424 389,738,367 ,231,534,180 179.816,588 .5,910,569 14,548,791 283.080,001 — "Includes; notes 1947 * Net ;_L_———— and 'deferred chgs. Total Corp.—Earnings—V 62,211 640,155 Depreci and deplet. chgs. ; 30——1——... Net ; 2,813,225 16,148 . 645,829 / Sept. Fiscal Yrs. End. July 31— Net sables $8,065,390 $16,126,795 498,459 charges 709,468,681 577,158,565 8,324,869 8,324,869 85,056,519 66,877,554 — -/ill—l/l/; 1697. p. East taxes... age Other 170, . Unemployment and old- Fixed at Duro Test and-its subs.) " 1949—9 Mos.^1948 1949—3 Mos.—1948.. $2,351,071 income *Cashr etc.exp. ONLY) 1947 V $ 430,570,539 —- , Inventories 5,732,480 COMPANY ' equip.; etc. Total ——1 ... ... dividends—1—— dividends Surplus - ..." $20,217,720 $27,717,671 $63,951,715 $80,768,963 17,866,649 22,052,677 55,885,825 64,642,168 revenues., Expenses % machy., (net)- (& Subs.)—Earnings— (Includes the Income of The Hudson Coal Company estate, Prepaid . ' 8,261,055 Real Reserves —V. Period End. Sept. 30— surplus preferred Common per ••',- Delaware & Hudson Co. , (PARENT ,;1943' $ , 1949, unless made spe«< $1,000 deposit receipt; and that the deposit receipts shall continue to be dealt in "Flat."—V. 169, >" P-2G41. ' cifically for "Cash," shall be " ' " ■ t. 31 «'•'! ^ Surplus at beginning of year/1—513,212,901 437,355,240 and $14.06 cash payment in lieu of participation certificates for 1949, r. Net income nine mohths^__._._r______ 135,994,725 101,570,845 amounting to $14.93, less Cuban tax of $.87 to be withheld at source), Adjustment resulting from, rcvaluatioh of invest¬ per deposit receipt "part-redeemed," * for -$1,000 ment in General Motors originalprincipal ^ Corp.: /J 52,000,000 of first lien and refunding mortgage gold bonds,; series A, 7A'a %'i V Excess of Issue price over par value of common* ' to 1946, and first Hen and refunding .mortgage Stock issued- to gold bonds,./* employees under;the bonusseries B, 6%, extended to 1945, to holders ..of record at the close of } OF'DEC. ASSETS payment extended AS 1948 — — — Trucks — Coaches —_——-w - 54,824 ." GMC Truck & Coach— ' ».•$ 6,006 8,903 74,651 68 284 2,014 Passenger 6,418 6.120 50,624 54,4BaF'S Trucks 2,224 2,296 26,077 23,134 ^ 242,844 186,791 GM of Total -V. - 170, p. —— 1802. 78,035* ' 4,666? /'• Canada- . . 2,421,182, s it.*,- * 1,807,835 t .c;-nv. 6 THE (1914) General Public Utilities To electric 194S from 3.8%, : output amounted to the of this kwh., sdme last week the for General Telephone Corp.—Transfer of On Oct. phone 1. Co., i£ome this Ltd., Telephone phone Co., sold corporation all tne Co. 750 to J ; Personnel Mr. personnel will combine industrial and * . , in his \ the infices pounds, Hfirrior his Subs.)—Estimated (& Years Ended Dec. 31— me 1949 Earn, sh. per 1948 1947 $608,200 $558,893 1946 chgs. terms ^shares outstanding • "$1,74 $2.00 — be to of $1.83 /; 19(9, to stockholders of 16, Nov. on made on was record Nov. 9, 20 last Nov. Sales — —V. r< 170, 1949—4 Wks.—1948 $10,262,191 - 1495, p. • $ 19,884,618 —V. 170, p. ":> $ 22,155,053 171,736,459 after Period End. Oct. 31— __— —V. $ 172,664,099 —— —V. 170, $8,214,720 —— At the request of the the SEC has the ;! the on various classes of were declared on Oct. 28, payable Nov. 26, 1949, to share- ; record Nov. 10, 1949. For the quarter, extra dividends declared on five classes of stock, holders, of and, including chemical, petroleum. Of the increase Individual which payment / class 43 payments 14 by to cents for for cents industrial 50 Regular . Aviation Food Fully administered Indust. $0.03 machinery. Institutional .09 .025 .09 .10 . Petroleum Railroad .02 170, ^ ' 1974 .33 .44 ' : .29 .25 • .34 ' .34 ' .25 " u —" •' .23 ■ The of statement its capital with the of preferred floated Haverhill Gas Light Period End, Sept, 30— revenues is 1, the Va. to f$100 par) and preferred stock to be Proceeds finance will be Underwriter, used to pay construction. 1949—Month—1948 taxes Net operating income Noh-oper. income (net) and been General associated Manager with Sales- firm business Trust Life Insurance Co. # non- " 1979.* of Pittsburgh, N. the the ffrst to of debt be To wi)l df the bear the start of deposited make Shell refunded Provident •" comprise securities at Net Since war. that Earns, bonds from the and that Oct. 28 issue B, the-time* for to Nov, bears due 1, offer the on 22, sh's. 170, 1979, aggregate 4%% the and 216,601 series B shares interest common of stock commoti stock The $31.50 85,942 73,?! 9 on upon at underwriters shares gate of rate outsldg,__ share-/';: issue 5%% cash he of the up : until 50 cents of share per : F. been elected 7' ' " $5.09 for of rights, ranging the $33 Nov, Cash 1, 1 year director.—V, of the p.- 170, Sep,t. 30— Total Total - income , gain of 3,402 thai the of y\"' $3,885,549 $1,417,245 sale investm'ts $1,003,924 $1,924,698 -10,301 12.099 $1,019,225 1,936,797 Total realized ot gain invests.--. on for income taxes: on undistr.,V long-term capital gains-—-—__ w _ Net: realized gain investments' on Dividends paid In cash: \ :,y . 3,803 709 $11,684 $8,375 $106,174 $68,403 From unaistrib. net realized $2.16 $1.39 of year Nov. 1349, the 40 — to residents of the State of Ohio. Stiver offered of 1944. or This in were The of the $1 directors per share common 1949. , an This sanie rate as the two made, on Nov. and the stock, makes both a 9 of like previous 1948 without change number were of $1,936,797 $1,423,580 7,115,9'l6 5,073,959 3,883,549 993,326 1,942,671; 1,332,204 — •i -* * BALANCE SHEET. SEPT. ASSETS— to the on holders 1947,, since the The first dividends p. in 1949 securs.—at mkt. Common stocks Preferred U. S. —Z_; Divs. Due 63,777,465 52.280,994 35,910,532 35,231.872, 15,322,213 35 693.228 bonds.— 15,322,331 bonds_—__— Cash in bank on demand 8,008,903 deposit—_' & 943,374 sold— securs. X 705,685 Total an additional year-end payable of paid last year.—V. Dec. $5 15 per 170, p. to of $1 holders share 1700. for of the per record year ' 1,882,431 : 755,176 "- 289.553 8.39T458-' f610,098 36,521 * * fixtures—nominal val. 1 1 '_— „———' 157,403,659 121,256,869 107,571,096 7,029 37,028 475,090 207,774 24,970 22,061 8,450 6.661' 1 , LIABILITIES— Due to ; v : brokers for securities purch. Accrued expenses: ; — — ' ' fees — fees Unrealized net realized gain or. 13.519,320 10,657,765 141,930.989 surplus Undistrib. 5.600 137,800 Capital stock (par $1)L— 112,222.557 114,501 38,603 inv. appreciation of invests.. Nov. Total Net 8 8*89~ 13 5. 92,956.882 f 1,427,786 Drl,730,715 94.475 5.127,853 val. capital 157,403,659 121,256,869 107.571,096 $11.62 —„. assets ing $11.37 $12.04 sh. of outstand- per , stock "Represented by 13.519,320 shares in 1949, 10,657,765 and 8,889,135 shares in 1947.—V. 170, p. 1196. Iowa dividend share 1949, 10,506,796 3,998,160 5,908,248 and accrued interest received! from brokers for Furniture 1947 90,604,585 stocks Govt. $ quots.: * Corporate ; 1948 $ Invests, shares in 1943 of 1700. Co.—$1 Add'l Year-End Dividend declared 30 cents the distributions and 170, regular quarterly dividend total 20 years, paid.—V. 40 share, for Extra years. December, a of amount currency on Dec. total of $2 per a in Previously, for 50 cents quarterly, dividend extra dividend makes rate, has .continued International Paper solely and George W. Brown, President and Executive Vicerespectively, of Saunders, Stiver & Co.; and Linn H. Piercy, quarterly share, as each quarter $2 .per declared quarterly 1949. same 40-cent Hexene-Ol Laboratories, Inc., Cleveland O. Stock Offered—Saunders, Stiver & Co., Cleveland, in October offered (as a speculation) 28,000 Class A shares ($1 par) at $5.30 per share. The securities were usual 21, .cents of directors the stocky both payable in U. S. record as the v\k' gain X on investments Paid-in common stock the International Nickel Co. of Canada, Ltd.—Extra Div.— 7 ' $1,019,225 undistributed net income— Underwriters and . Cr6.23.-) , From Custodian Nov. '/4 ; , The balance of 21,496 shares was offered to a limited of pulchasers by the representatives, for the accounts of underwriters at a price cf $34.50 per share, or an aggregate of $7.41,612. For further details see V. 170, p. 1399. share r.i ——__ ' the On $1,417,245 Prov. number per 562,679 $5,073,959 exchgs. of invests. warrants. $69,116 ' $7,115,916 on 26.402 expiration. of on 21, the : ! $5,737J07»;' $4,448,228 r on 27,382 $109,978 V $4,059,729 693,427663,119- . gain 86,266 8 .1947 gain shares share/ - America, $5,113,016 shares 4,906 s m / ;;y Realized ; ^ common $34' per the to of realized of .net investments)—_____ on 35,000 prior paid 1948 , $7,309,343 y :".V the underwriters at on aggre¬ have been or are to be delivered made as ' Corp. ; $6,724,570 ,, expenses ' Net.income,(excl. - bonds. ; of * t'dtal ais- a same * 1. divi- one * Radio 1949 88,277 30,289 the 787. . 39,550 sales and on 47,377 $38,827- 1949, Dec. record •> 2,916 19,075 i/.yyyy/:;/;;.*/-:;--/! Elected— 2,831 the of ' 1955. by shares advances tai.ungs bonds^/'_ITj__I._7 i ,'746,506 '/ 575,094 ' >; 347,701 Stock divdends received——332,055'19,680 ,' ' ' 40,793' j Other income —T—6,212 29.282 it and sold (dl company net '< $3.38 . dividends received O-d stocks-- , old shares to 221,740 y and Realized : , his aggregate and from advised purchased 4.906 an in year-end dividend of 50 cents per for the 6,940 $8,384 capital 221,740 $1.00 > a 5,147 of 45,000 • , a 554,000 - , $750,916 .,221,740 Invest, mgr. fee payable to Invegtors Syndicate 230 , " r 45,000 $1,129,941 $222,212 McGrady, Vice-President Interest receved . share. per exercise further $831,C63, account ;.y .previously declared during 1949, making, $2.20 82,236' - $1,349,916 Investors Mutual, lric.- -Annual Report- adjustment in; addition turns : in 239,601 $'1,267,680 838,000 / 15,000 $1.77 ,/ , 3|333 charges Earnings per share —V. 170, p. 1190. y - 221,740 / Nov, 4 declared on New Director C,. due' for subscribed prices stock common of cost of Edward has bondholders, to maturity remaining right; ..(c) per 166,000 i5,ooo Intertype, Ltd,, British subsidiary is included in the and 1948—V. 170, p. 787. * 1 '' *' V 'Vy.'/ dend be Prior.to the .expiration of the warrants (Nov. 3),.- the - representa¬ tives, for the accounts of the underwriters:. (al :i purchased,; 27,951 rights, at prices ranging from 15c to 27c per right; lb) sold 369 rights to., the warrant agents and others, at prices ranging from 28c ; ^ de-,. subscription (V. 170, p. 16991 23,000 shares of- common stock underwriters from the" company at 'the the to $2,012,941 capital .stock, payable Dec,,15 to lipldew of This f.v /in, addition to three dividends of 40 cents each '' at a when company The price 73,953 ; $403,212 ! 1,223,168 " $1,938,989 28,862 $700,046 292,000 per com. Ycars Ended and. series , issue new offered; bythe subscription *374,349 $393,046 1948..- road •" of 1,362,316 'V-"7:: attractive' to new Mos—194$. " share on the 1950 1302. p. 1949—9 $3,387,795 ? $2,559,369 86,491 68,521 NOTE—No provision for loss relating to investment bufsement ' ' 50-Cent Year-End Dividend— objec¬ additional - a; 3%% Nov. exchange bondholder will receive of ! 14,976 conting.. The directors than the now "v..:. 1949 ■ time '7 / 1978,-are $685,071 (net»_. earnings Common inr 1951.:M case the 1803. p, Total income Provision' for taxes/,-. ,, an 1, exchange for temporary, bonds at The Chase City of New York, 43 Exchange Place. New fhe Continental Illinois National Bank <fc Trust at L——-r,™— income ^Reserves for ; from • accomplishes "" ' July the of and - v Fund, more maturing railroad, the pay. extra interest old bonds turned in. interest due Period End. Sept. 30— V 1949—3 Mos.—1948 profit $1,150,316 $780,433 Depreciation___ I .28,830 22,830 Sell., and gen. adm. exp. j 436,415 383,303 Co., Shell Pehsipn Trust, and •" been ^ bonds : to to have * • ; 4'/2% -r : ■ covering tlie entire at mortgage Nov. $81,000,000 by 6,533 $90,903 ' three Chicago, 111—V. 170, Profit, --V: *■ bonds for. 823,413 913 $1.00 - the next six years for ah issue maturing serially, The purchased $1,084,109 2,094 ' $0.22 ___— months ended Sept. 30, 1943, and the 12 1949,. would have been approximately 22 cents $1, respectively, per share of common stock,—V. 170, p. 180J,,_ „• S Other ; _ RR.—Financing Project Completed— subscribed 771,749 $7,470 ■ $1.18 Sept. 30, problems; Reynolds Metals .Co.-— :'-V were 1948—12 Mos—1943 Interest _ $0.29 Gross For engineering the of of Illinois Power Co.—Subscriptions to Stock—: $1,123,799 $11,835 J, has completed 1055.. 1974. In. each 63,700 income A. ■ fev- they wiil revert to the stated rate of 3:YiVc. VU ^ Series C of the new issue is offered in exchange for four outstanding issues; 3'/as, of the road's Louisville division, maturing in 1953 and three Chicago,, St; Louis and New Orleans issues, all due' $90,392 Gross President, nave addi¬ .• , of $9,740 ■' ■ 6.808 accruals income -. Intertype Corp.—Earnings— 1395. of Co.—Earnings- 7,623 taxes Federal tucy purchase may 100.60, plus accrued interest,' p. road will 57,118 • General appointed consolidated mortgage divided into series A and $89,772 Operation res. he were stock ______ on credit--, for ended Y:, Co., . stock SEC tax Bank have Co.—New General Sales Manager— posits has, been extended SEC the 81,313 . ayaijable for delivery in emphasized 18c Retirement they ofiering, ■; mortgage, An with -. $0.23 ' share, per National a policy of debt reduction and consolidation of mort¬ obligations. ; • ; Commenting on the bondholders' acceptance of the plan,, Wayne A. Johnston, President, disclosed that $25,000,000 of the bonds stock. notification , $2,398,481 on com- . been years undertaken has —y. letter a cumulative Richmond, Maintenance and which Chicago—Registration— registration $1,763,011 Definitive Bonds Ready— '• the cqmpany, for Then .33 ($10 par) common stock, the i P£r a?d thet common at $16.50 per share,. & Co. Inc., Operating each, of stock ■ .23 snares outstanding bank loans A • .13 share York, .32 .05 1,232,283 $435,112 inc. gross shares Definitive share .32 .05 shaies and Specifically, the road offers series A of the new issue in exchange toi outstanding 4% refunding bonds,. due Nov. 1, 1955, and series B for outstanding 5% refunding bonds due, the.T.same date;1- Series A .29 257,572 $421,400 earnings months share; per each on dates .08 .company on Nov. 3 filed Galleher 50c rights founders class ■-/ of Nov. ' \ .Harrisburg (Va.) Telephone Co.—Files with SEC— *Z received voting ' .09 __ company, has filed a seeking registration of 150,000 5% each : .39 312,348 i."H , , net as" .33 .08 — 1 .05 of out¬ and .33 Growth Industry Shares, Inc., shares presently .02 .13 42,447 $2,995,299 NOTE—The net income for the three months ended Sept. 30,, 1943 and the 12 months eqded Sept. 30, 1949, includes estimated tax, credit? from reorganization of $103,000 and $250,000, respectively, due to.the write-off of debt discount and expanse on debt and other items paid or otherwise discharged on March 31, 1948, Without these tax credits, ; be .04 .07 The - has bonds maturing in to1-the * tnls The .40 1395. p. five refunded " .36 1 •" to .29 .04 .<18 — ' ,13,600 $692,684 . Stiver, .31 .15 - .08 —— Utilities r .50. •' - ^40,913 $2,817,163 $733,748 stk. without com. directors J. .10 ; .09 — .50 .36 of A. .08 .05 .04 .07 , of .40 .40 Earnings. to any further dividends. Stiver, $5,000 from gage = . .37 .01 475,987 $2,952,852 r.tock mon Ohio. .07 .10 ____ stock Eteel Tobacco —y. .04 .08 equip..— _ .30 .025 22,886 $674,084 ...13,717 per 1,500,000 Guaranty Trust Co. of New York of consolidated mortgage providing.for the, exchange of $52,201,000 new tive .28 .24 .39 .09 .07 — Railroad bond Railroad - ,10 __ stock J, shares corporation A 6ompaiiy through .54 .345 .16 h ■ .04 — i.— ' $0.03 \'T 209,932 income and ■■1' A. 1,000 Illinois Central 1 ' — .09 Mining .24 ■ .10 Merchandising .54 Net space Street board • 8,-May Co. as a senior analyst this, he was Vice-President—sales of to 170, half .47: .27 .14 .16 bond. .47 . .06 __ .10 -investing company Low priced •' .13 . 677,541 . Brown, shares have have *.i-i in .43 ; .• 1,058,459 $720,031 ___ income Earnings equivalent dividend, an stocks B stock ■ : W. of: 130,090 received B for • ' .065 bond .28 the Kuck past .The a $0.37 ' .06 General in¬ Total .43 .07 .14 — Extra $0.37 .13 -is* .06 equip. __ which .. 943,110 in¬ income Deductions fr. - by classifications: Regular $0.10 .13 Electrical shares, 228,252 '329,199 income Gross 3 a sweeping refinancing program designed to simplify and improve the road's financial structure, The final step In the change-over was effected by the company's signature and delivery to the greatest utility largest —-Total for 1949--,-. Total ■ .07 Chemical by next ; Extra .13 Building The declared Quarter— —$0.10 $0.10 ._i_— the recorded yaru Center share dividends annually when per and .class class 170, p. 1593. . • priced r -, > cents. —For Fourth Agricultural 1949, year was 23 cents. machinery D. —V, : .'- the 1948 to , following tabulation shows dividends Automobile low ; payment from recorded from • total rose was creased The ihe oyer shares, ; Other $500,000 each,.and the Idaho First National Bank, scs-trustee, $100,000. this ' of inc.- State Operating ;The issue will be sold e.s follows: Bankers Trust Co., as trustee, $6,900,000; Sqn Life ^Assurance Co. of Canada, $1,500,000; Aetna Life Insurance Co., $1,000,000; Phoenix Mutual Lixe' insurance ui corporation, were A has Haitford, Conn., Mutual Rel)ance Life Insurance shares initial an George consists stock A to.. 50c stock class gram, at Grbiltf Securities, Inc.—4th Quarter Dividends— dividends and pro¬ postponement, "subject to the call of the Commission," of ' the hearing upon that company's plan for reorganization and re¬ distribution of voting power amon^. security holders. The plan had < been scheduled for hearing on Nov. 15, 1949.—V. 170, p. 884. ■ quarter than taxes come Power Go.—To Sell Bonds Privately—The FPC Nov. 7 authorized the company to issue $12,000,000 2%'% first mortgage bonds due in 1979. The company said it would sell the bonds, to finance, its construction •definite .Poufth covered of corner George V. in-. an 1,067,043 Poueral ; $69,430,391 authorized A class Prior Corp.—Hearing Postponed— corporation 1,322,806 , by into C, • , '■--*' Green Mountain Power class entitled ilighway Trailer Lower— $9,072,435 $67,523,641 941,037 263,563 and " 1949—9 Mos.—1948 1395. p. follows: as capitalization shares subscribed paid of Sales 1,122,230 recurring as ,1949-r-lO Mos.—1948 1949—Month—1948 authorized After each 110. p. 1$98. Period End. Oct. 31— organizers outstanding.- •••• George W. Brown and /•'. $7,114,103 $59,003,877 $55,567,134 \ (G. L.) Green Co., Inc.—October Sales the equal -October Sales Off— ? .1949—Month—1948 $6,275,713 — the class tional Gales building, and feet, located at Cleveland. Ohio. they share equally, share for share, 1495. Grayson-Robiiison Stores Inc. sepaiate small a \,Qlass A and ■ 803,837 242,505 , 1949—10 Mos.- -1948 $• 184,899 290,611 . , $9,214,228 $89,149,302 $76,088,909 V- 1949—Month1949—Month—1948 202,343 Taxes-other, the directors from available earnings before any diviuen^.. may be paJd on class B stock. Also entitled to $5 per share in liquida¬ tion before any assets are available to class B -stock, .. . ' ••.; 20,000 shares class B stock (6,000 shares to be presently. outstand¬ ing), entitled to 50c per share as may be declared from earnings, only . Period End. Oct. 31— pur¬ resale—I1 215,194 v' ' Piercy and Randall Fullmer, all of Cleveland, declared & Co.—October Sales Decreased— Safes by 30,000 v. 1.) GMrit (tT. Jacobson. has started business with company H. The 1949—35 Wks.—1948 . Mr. square Avenue, standing), 106. Gfand Gbibn Co.—October Sales Increase— Period End. Oct. 29— with ... elected 1949. A similar distri¬ 14, last year, while 1946 the company paid $1.35 per share,—V. 170, p. 12, gas for Depreciation to 3,000 some Linn and on Nov. year chased brick $30 The In view of the fact that the company anticipates again this year large expenditures for improvement of plant and machinery, the direc¬ tors therefore declared a dividend of 50 cents per share,, payable bution L.ectricity and " ; 1949—12 Mos,—1943 $2,730,655 $12,396,363 $10,986,186 1,114,466 4,770,541 4,334,025 1,125,378 Hexene-ol and Riverbed Nov. ' Jacobson Subs.)—Earnings— ,1949—3 Mos—1948 $3,092,688 Maintenance $35 per month, more or less, for approximately 6,500 square feet, of floor spice, including small office' and a completely equipped chemical laboratory, heating and hot water installation, a 15 ; - Abner to Sept, 30— revenues Operation Laboratories, Inc. has been incorporated.. A new, masonry factory has been leased in "The Fiats" in Cleveland, Ohio, for a term of two years with privilege Pi renewal of two years. The rental consisting of an advance payment of $1,500 and montniy rental oi $311 per month, plus insurance and iaxe.> e^amated • $1.60 payable ( horsepower boiler in "Estimated. and ' contracted as The $641,410* 350,000 on Operating Stiver, Brown and Piercy are assigning all of the above together with all their rights, title and interest tnerein.to Hexene-ol Laboratories, Inc. at the same price and on the same steel ' ' taxes basis) interests. The Earnings— "$700,000 alter earns, and agreed an 1496. p. Period End. 5246, 5662, 5696, 5698, incl. any trade marks, copyetc. In addition to the avo/e, some Messrs. 50# Dividend— Net (cn », Interstate Power Co. (& less, of bulk Hexene-ol. or 170, \ 1949—Month—1948 1949—9 Mos.—1948 $5,197,771 $6,299,230 $43,916,425 $47,874,775 property, relations Corp. more Calculated departments, and will be respon¬ sible for the direction and carrying out. of personnel po-icies as they affect salar.ed as well as houriy employees.—V. 170, p. 1190. Good —V. ; All of the above has been purchased tor the sum of $25,000 cash and ah agreement to deliver 6,000 shares of c.aSs B stock t$l pari in Tne He^ene-ol Laboratories, Inc., together with a sales contract Involving a royalty or commission on the net sales of the corporation to be . 0f Interstate Department Stores, Inc.—Oct. Sales Off— Feriod End. Oct. 31— Sales registrations, liguts, - capacity ne\v for the chemical of Administration Nos. '/"V' Relations. Weeks formula Monday, November 14, 1949 Abner Jacobson and his two the commercial manufacturing Pgk," .together with certain machinery and equipment especially designed and developed for this purpose, and including National Drug John H. Weeks, who has been serving toe company as, Personnel Director, has been appointed to the newly-created position oi Director of from CHRONICLE ard '(The) Glidden Co., Cleveland, O.—Personnel Relations Directbr— FINANCIAL purchased and process & product C6H90H, known unuer t..e trapic name, of "Hexene-oi," together with the. trade names of other products which incorporate the use of Hexene-ol as a principal or important ingredient, that is; "Quench," "Lan," "Hexav" and "Must¬ Tele¬ Associated of secret have Compounding and Subsidiary— shares Cleveland, sons, .a Nov. 4, kwh., or subsidiary, Associated Tele¬ common shares of Oxnard a outstanding fpr* 22,139 comnfon 170, p. 1394. Ltd.—V, ended w«ek decrease of £.911,575 year.—V„ 170, p. (802, a of all Corp.—Weekly Output— corporation 98,677,712 COMMERCIAL Electric Light Sale of $4,000,000 The 3Vs'f The Power Co.—Proposes Private company has applied to the ICC for authority to sell $4 000 000 sinking fund debentures dated Sept. 1, 1949, due Sept. 1. 1969. issue surance The & Debentures— would Soc'etj proceeds finance be of sold the would at United be construction.—V. used 166, par and States to p. interest 856. to Equitable through .Hauls. repay a $1,200,000 Hall bank Life Co. As¬ (Inc.). loan awl : Volume-170 Number 4855 Iowa Power & Light Co.—Bond In order an until Nov. 17 announced to request company; As Nov. 7, hearing a • . ratio that the number of Financing— SEC the of Interested gave. .. . . previously reported, Iowa proposes the sale at competitive $7,500,000 of first mortgage'bonds, series due 1979, the ding ceeds to be used for construction to reimburse the purposes purposes.—V.. 170, " corporate 1803. p. expenditures for "* and for Transfer to pay extensions and such the to the payable are conditional warrants'expire office at to be received by the Lane rights. (CST) oil company's agent, 3 of 111. ' —V. ! ;i949-1951—Company expended in the 1949 approximately $7,447,000, and estimates th»t the last five months of 1949 approximately $6;025,000, in 1950 approximately $8,179,000 and in 1951 approximately $7,169,000 lor additions, extensions and improvements to its properties. 1>.■ first "seveh months of Iowa Southern Utilities Co. of Del.Period End. Sept, 30— Total oper. Oper. & exps. Income $639,767 mainten. $6,333,972 * 353,657 4,264,323 4,055,594 i • 7 earnings : 44,000 577,500 -528,000 ,7 sold " in February, offered; now $99,760, $1,378,360 i 1,658 . $1,070,008 - $116,934 deductions Net 7 require, pfd, 7 48,924 $66,741 579,023 $52,494. on 597,687 $52,494 Earned per .—v. 170, p. requirements "y■. issued sold and 77/686 shares on would be v 1949. 22, / $128,180. 1 ' ' Scrip Certificates Void after Dec. 1, 1949— The company of 1949 7;. " 20 cents per Scrip certificates The-United assist States stockholders nection for share. with at rendered 3 to Bank year, a 10% distribution lieu of fractional shares, > 20% stock Portland of consolidating scrip tOre.),- issued was they be may agent in 169, 603. p. ; Kaiser Aluminum & Chemical Corp.—New Name, Etc. Permanente Metals Corp. below. The by Senator Finance J.. William telegram to I Last tion. for Fulbright because the loan." the Harley.Hise, that board the of RFC RFC not RFC to cars yet to • has finally of 10,000 7 in been deposit While disbursed collateral resolutions.—V. ■ loans because and 170, the 1803. p. the of otherwise . . Kansas Gas. & Electric time, required fulfill ;,>,' , . the ' , for terms 7 ,- portions ties Federal 546,316 6,207,722 43% .* 139.363 1,648,364 1,037,360 Property retirement. r Net oper. Other 81,000 (net) ,7": — $250,606 79 .7 ; i.V ' 7, 962,750 7 77,917 7 $315,106 revenues- income 7 $3,231,280 89 , Gross Income,, 7—-A-: 7 $315,185 charges— income stock $3,233,668 as $2,547,010 520,784 • . South Fulton Light St 1,632 customers in . in two counties Kentucky-served Tennessee sure on* 7 t shares v>f, •% v. 7 • Name—.V-":'" No. of agreed to be purchased by ;' Shares Name—' William Blair & Co The .3,300 p, 1803. 7 7 . 6 Ket-n County Land $46.25 Keystone Co. Building— $1,909,383 m'ent of < The '<_■ 1 '..7^:7.' estate an for the Keystone investments estate building in Custodian excess plan is of the Funds. in Keystone number a Balance $2,026,232 — 170, p. 1803. • . . 7 investment of $1,000, $2,000 Kelling Co., Chicago Nut Private Loan—The — • com¬ has sold privately to Prudential Insurance Co. of America $1,000,000 10-year unsecured loan. The com¬ pany will use the proceeds to reduce short-term bank borrowings and to increase working capital which will annual, semi-annual or quarterly 7 7Opportunity (to. build pany provided/ through more or capital diversification under investments. over and the Co. , period Co. plan stock.' Present cen£s of s of 11 merger, subsidiary 1 , , Mos.—1948 ' Pipe Plant— of the was of sale stockholders present v ., ■ • iron cast a ■ .1 7 pres¬ to be located Texas; r 592,185 shares of indicated that this common "Stock. " It" was on a ; „ . basis rata pro • r • ? pipe plant, estimated to be commonths, will provide an outlet for a pressure eight company's pig iron such pipe production and will supply 170, p. 1803.* in Texas.—V. time Nov. of the with 10 the are SEC amendments its and company announced. Queens - Borough to the plan Edward R. subsidiaries, 1 * • amended is also ' ', , Gas & Electric Co. and 7 bring as the plan into prerequisite a conformity for its approval 1 subject to approval t by the New filed shortly with-that Commission. •six, stock will be distributed stockholders in the 7% stock Long -• 9.2 for each the to of shares for Distribution , of the , Ybr$: Co. .Queens. ( Borough each for This share Borough for will SEC ,be of Long share series 6% Island B ;•' '' ) receive \ subsidiary made to for each preferred Lighting and share preferred stockholders Suffolk of shares G.7 preferred.'. Co. common & Nassau will , be shares Lighting Co. 7% common, and stockholders will 5.42 Co. Suffolk new earnings stock¬ 5.71%, 5.80 all into on months 12 not be ended round a 30, 1949 was consolidation, .. of give of the new capitalization were $1.09 per Sept. 30, 1949. The stated value per figure because of the requirements of the of the unrestricted surplus at the date of consolidation the capital account. The capital value per share at the that put Sept. & 11.51%, Lighting each share held. now shares basis Electric the- of Consolidated share ■share 7 is will 76.98% Queens & Nassau allocation holders .* super- Gas of each common shares common the on fonner plan. for ' 100 new company'stockholders of the Long" Island shares 10.4 ■ Island Lighting shares new **•:'" * - and ratio ' for averaging," the compounding of income and "formula ■" '■'■•.7;' v ' 7* Keystone asserts that the plan provides the first instance in whicft Vail the methods or means, cf managing, invested capital, each long be used to finance company's sales of salted nuts .7 employed individually by professional investors, have been offered the throughout the U. Sr. Company also stated it would con¬ large and small investors alike under a single plan on a national 7 basis. * 7'-'7"7"i.-.:v ,;1 7 ' 77 :•:»■. tinue "some seasonal short term borrowing" from 7 7 V-*'777'-' 7 7' 7 a In, describing the new plan, Keystone reported that it had conducted .group of banks headed by Harris Trust & Savings Bank *a series -.7 to filed common preferred "6% "dollar vision, of . board to iron six as series- A ■ timing" agreements company ' : the ca$t portion of- plans 7' 7 of this authorized the construction by subsidiaries New at Custodian '■ .y . investment consider ^reflects the growth of vtlie system since the filing 4 692. p. 7 shortest continuous 50 have sec¬ arrangement calling an of The/amended plan calls for the new consolidated corporation to outstanding 3,149,696.6 common shares.-: This is an increase of- 30% over the 2,417,377.4 shares called for in the plan now being revised. to meet SEG -specifications.' The greater number of shares , programs, developed by Keystone and other - mutual funds to -provide investors with convenient participation in continuously man¬ aged, portfolios of securities, It calls for an annual or more frequent $1,388,604 ;v to $3,340,011 $11,312,293 $86,573,952 $89,663,341 •:> offered company and —V. dividend a 1701. p. ;P. S. Commission, and will be stock recent of be consolidation The :•*. $160,000,000. latest 170, The amendments 1 are designed to •with, changes stipulated by the SEC v. > • • ••' by/ its; sponsors ' as a means of retirement capital through automatic investwas announced Nov. 9 by this company, or into •, Capital Plan in Estate 77 continuously „of the plan.- described annual--savings Funds-have 520,784 of Boston—New simplified -plan accumulating ' Witter & share. Dealer's discount, $1.25.—V. 170, per new* by Dean declared will have' proposed in irom The ■ Go.—Secondary Offering—A 10 work to * 27 7 Nassau & Suffolk Lighting Co. *'.»•. '2,200 77....' 7 made Nov. was were supply situation in anthracite be forced 25 rapidly expanding market for ' (par $5) approxi¬ they White. Oct. on Nov. on Barrett, President, ■ 2,200 Illinois Co.-—" common unforeseen when Long Island Lighting Co.—Consolidation Plan Filed— Co.,, Tnc._-^_—3^k)0 ondary distribution of 20,000 shares of will Mr. being, offered to the public,, The : 7 and consolidation the authorized- substantial • The Ohio Co.__. 2,200 170, for would ,'pleted Shares 3,300 —v. unless earnings 1948 Daingerfield, The of 3,300 & industry managers directors before each, are n! Stroud demand needs," said companies.—V. Also of 5,200 Becker Si Co. G. of that show of pipe plant which will cost approximately $1,000,000, company's property at " Lone Star, near stock ' - : $1.?5 Ten¬ ■ folloW/s:-v- " » authorized,-but'hot*-issued; immediately " the said should quarter ' the —— The and (b) Dixie - that fourth Lone Star Steel Co.—To Build c pf the several purchasers/ of the preferred names the'number and in the' company/ 7 by ' - Sales coal- are bdth Co., $0.69 28 quarter the that ,—V. 170, p. 1497. . Power $0.47 Lerner Stores Corp.—October Sales Drop— Period End. Oct. 31— ;7 1949—Month—1948 1949—9 } .. approximately central Kentucky Kentucky 1,929,127 Oct. .on iourlh in as, stockholders railroad « approximately of bituminous 1,929,127 In providing * of Inp.7— 861,526 requirements for the period and of A. $2,770,914 -686,652 $180,774 $270,432 dividend of an 7. The * t owns Light Go. /underwriters Net Pfd. area population 1,929,127 V, electrio, utility service and adjacent rural includes most of the blue grass region of of the coal mining areas in southeastern PURCHASERS—The V: 5,430 > 69,917 -. comprises estimated an k $2,416,030 $0.31 President, the certain board ' 1949—9 Mos.—1948 $1,334,844 Lehigh Valley RR.—To Merge 11 Subsidiaries— r corporations, which at July 31, 1949, supplied electric service at $2,765,484 $250,691 44,753 / served with 170, the capital, stock, payable Dec. 5 to holders of record 1948, the company paid 50 cents per share in April as well ;* as December. This year the board took no action on a dividend In April, postponing consideration thereof until later in the year.—V. 170, p. 1803. J communities derived from the sale of power for coal mining, and was A Interest, etc., to stock 391,250 2,388 .*/ 467 to 7 re¬ appropriation- 7\ serve in Jr., Field $902,667 ' 1,929,127 ! White'. the public's Nov. Shelbyville, retail 1,009,804 70,897 territory miles adjoining'greas 1,446,416 91,059 supplied company customers and- In nessee 6,394,177 166^198 Other'taxes in Paducah gas department; Saville, per share on { \ ( „/. 777 all the outstanding, securities-of (a) Old Dominion which at July 31, 1949,' supplied electric service gt 12,939 customers, including 34 coal mines, in 30 municipalicommunities' and adjacent rural areas in three counties in '.I Power & v 479,227 expenses taxes the sells L. Representative.—V. and Federal income taxes. same are- The , southwestern-Virginia, and, for the 12 months ending that date, derived revenues of $1,553,286, of which approximately 30—; -1949—Month—1948": 1949—12 Mos.—1948' revenues-:— $1,132,590 $1,091,099 $13,097,476 $12,507,131 Operating $10; par Co.: (Va.),' and Period End; Seot. Operating on insurance Robert Field To Pay 50-Cent Dividend— 7 the of V. be-such meet ? therefrom ' operating loan .. will >. , 7 Elair & Cor, Ine/:::^_-_-:_: Equitable Securities Corp.— Ladenburg, Thalmann & Co. the •' Co.—Earnings— issue ... , , the company- has paid dividends thereon Oct. 10, 1947, and of 20 cents per share on western. retail • Mr.'; Kaiser of . The square Power 1 the authorized, the money, has were the , 1947, 31,- 1949, 165,006 The cpmpany .* *7, Corp* to help finance wholesale distributionfof the dealers. share STOCK—Since 1,820,500 shs. overall, limitation an .,-,7 • Kentucky,-* Agriculture and mining the principal industries in the territory served. Kaiser new models.;.<>. ,y.~; .-" also authorized a $10,000,000 loan for a subsidiary, Kaiser-Frazer Sales . $191,297. • Frazer. new j. RFC authorized a $34,400,000 loan to the corpora¬ this,. $12,000,000 would be for working capital and $22,400,000 engineering, designing and retooling for production The in-a with comply "already may be issued. charges $1,000,000. "We July 31, 1949,7he operating revenues of the cjomfrom ./its^ electric- utility business were $20,108,997 (of:'which approximately. 16%j was derived from the sale of power for coal mihing), and from.its gas utility, business in Shelbyville and Paducah were • - Chairman, "cannot directors the bonds does not fix about 155,000 shs. pany:; t •{• auto- new ,7/ 7 ,',7 L: 7^7 77/77 >• >777-77 7Vr77;7 month-the Of and ) Senator request" your approved by to 500;000 and Corporatiofi rejected !NbvV. 8 a request Fulbright,- Democrat,, of, Arkansas, that announced was in 4,125,000 3,000,000 shs. $608,853 outstanding- the mately 200,000 shs,, Reed, 1949—3 Mos.—1948 ; difficulties1 arise, 1 months ended 12 and ■ decision "After 10,000,000 —— shares Robert located in 73 counties in Kentucky and in one adjoining county Tennessee,' and sold electric energy at wholesale under term con-, toi-19 rural' electric cooperatives and* eight municipalities^ For "the .'" -i , It hold, up $44,400,000 in new loans to the'corporation for ,mobile, production, andCdistribution.'' *; • 7 ~ ~ ; * >; •-> 77 The T $24,000,000 (par $100) profits Earnings per share- FINANCING $4,125,000v title Officer; E. Lehigh Coal & Navigation Co.—Earnings— . "Net Outstanding i979__„ Title Albert Period End. Sept. 30— areas ■'/v.'"'7;.7;».7 '7 v7/■ Reconstruction made '•vy>'V- " Delay in $44,400,000 of Loans—-.; 1, COMMON stock per July At t i.%!•'": ;. Kaiser -Frazer Corp.—RFC Bars 1 additional • PRESENT and . 24, retail in •> See TO Farrell, of-■ ;•* traots or before 3 p.m. on Dec/'l, 1949 — '- I.v-■■ (IV--,7%' 7 7";7: -y cents at . exchanged also purchase and sell said-scrip on V. such Authorized bonds.that ON common 40 .Ky, con¬ privilege of exchange-for common stock 1949 and any scrip 'certificates not sur¬ that date will become void, f The agent will by of 1977— manufactures," distributes and .The so Stock now. BUSINESS AND HISTORY—Company is a Kentucky corporation, incorporated Aug.: 17, 1912. Principal business "is the generation; pur¬ chase, transmission, distribution and sale of electric energy* It-also agent;, will as certificates distribution 1951 charge of .the'National Assistant G; Representative, p. 1803, 1948, June 16, 1948, Sept. 13, 1948, Dec. 13, 1948, March 15, 1949, June 15, 1949,: and Sept. 15, 1949. • ' ■ > . Dec.,,1, on Vice-Presidentr in James - bonds . this 1 issued in stock of p.m. the Feb. National in the certificates expires On were DIVIDENDS March ' stock made. stock common 1950'or EFFECT (par $10): the-amount of of ». Nov/l paid tn common stockholders of record Oct. dividend and the usual quarterly cash dividend on 20% a stotk indenture securing "The on " 15, sale-in GIVING stock, 43,4%, cum. value ' •* 20% Stock Dividend- — the be determined at the time of sale. may 3'/4%,due Jan. B, Common . « Janlzen Knitting Mills, Inc. of the'sale and mortgage bondsA, 3,7c, due May 1, Preferred $1.55 Aug. '"V • *• 319,331 7 - issue Series $494,091 $2.50 (convertible! " 1296. •' « • stock annual dividend from botes, 2 V2 7c] due' $275,000 semi¬ annually to Nov. .1, 1956 $810,002 share^„; common "5 %> %, preferred of Serial 323,961 Full $10,000,000 $2,500,000 from the sale of the preferred , 13,174 $56,059 the earnings and $6)070,000 from provisions"1 for amortization, accumulated during the period; and CAPITALIZATION Series stock com. of 115 No. V $494,091 10,682 proceeds $1,091,778 $823,176 » 5J/2% on stock Balance $1,402,199 - First income "Div. $101,418 50,193 __7 as the from $3,000,00(1 from, the securities Total 1949; depreciation! and 21,770 23,839 - from $1,655,000 $3,648,000 fered; • 1,683 $4,500,000 ' corporation has announced the opening of a New York office Broadway. Its home office is in Richmond, Va. following executives of the corporation will be associated with the new office; William E. Walker, Jr., Assistant Vice-President in charge of New York State business; Ernest M. Weaver, Assistant ' estimates that, the $21,373,000 to be expended after 1949- for the above purposes will be provided approximately follows: as 1599. p. The compahy July 31', 842,745 170, ; 1949—10 Mos.—1948 $5,466,085 $40,696,060 $44,326,974 This at > will expend in The 337,625 946,184 $115,251 .. income 515,350 80,284 56,500 '«■ . oper. 37,975 81,394 . Net -1948 $7,681,717 47,000 taxes Other 1949—12 Mos.- $615,676 339,622 taxes Other -Earnings— 1949—Month-r-1948 i revenues.:. it $4,142,299 Lawyers Title Insurance Corp., Richmond, Va.—Opens New York Office— " PROGRAM, 1949—Month—1948 Sales'-— > - T Bryant, Inc.—October Sales Lower— Period End. Oct. 31—" p.m. company from the sale for the cost of additiorts, reimburse the company or (1915) purchase at improvements to the properties of the company. CONSTRUCTION * CHRONICLE Co., 20 North. Wacker Drive, Chicago 6, PURPOSE—Proceeds will be used FINANCIAL pursuant and subscriptions Illinois Stock pro¬ for " subscribed & unsubscribed shares bears to the total number subscription offer Nov. .14, , to payoff bank borrowings or treasury " The bid¬ of or shares persons the bond financing proposal of upon COMMERCIAL THE $9;B0, and will exceed $10 the at effective date ; _ t' ■ In announcing the changes, Mr. Barrett said: "The modified plan is closely in line with what the management originally had proposed and Will permit participation by all classes of stockholder groups in the recent improvement in system earnings. v . , • ■ of of Chicago.—V. 170, Kendall Co., On 2 Nov. of notification filed was w.ith 788." . 7 ■ . .7-7 ; SEC for -.>.'7'. 7'..' > • terly _ Dec. March 1, 1, June 1 and Sept; Sept. 1. 1, share after; of '. thereafter and each'case in prior to Sept. plus 1, dividends redemption. of ers (1) its Tne common of 1962, and $101 accrued and common stock stock at rate of stock held at conditional one $10 right share per to of share unpaid to is offering record Oct. purchase of common share; at per share any of the shares of common scribed for (a) through the exercise of the to Y7- the exercise subscribed of pursuant to shares rights to subscribe. through the for, made the If exercise the of unsubscribed pursuant 1949—Month—1948 month same a stock for each 10 (S. S^.) to total to the shares conditional This company in 698 : will be and shares subscribe total purchase not and number — There the were same 255 170, A last *• the year.—V. month a year operation Island would Lighting recommend refinancing plan 170, p. to in ago.—V. 170, p. of the for Long Island completely on unprecedented preferred approval stockholders of the an¬ company's tentatively approved by the SEC. as stockholders common proceed with plans for of directors, dc-spite • Exchange 1397. 7 The Commission in zation plan entirely for 1949—10 Mos.—1948 new five The t it in¬ meeting for announced action conditional of the Securities to approval recapitalization plan. claims to represent , one-third of the . the, com+ common stock, declared the proposed recapitali¬ "totally unacceptable." The committee urged that an plan and be not by of York New other is by "by a officers and calling said scheduled and prepared not committee notices October, 1949, against 249 for is years originally 1397. giving 7 stockholders' a recent outstanding pany's " which committee, the Nov. on calling election company's consolidation and 1949—10 Mos.—1948 1949—Month—1948 In provide adequately customers." Long it 9 committee tends $13,179,210 $14,045,412 $121,599,513 $122,640,105 stores for its Counsel annual proposal Nov. 30, the for management responsible to the directors who have held office meeting of stockholders." to would steps necessary Gross Net Net 1949 ry. railway railway— oper. income— 1947 $356,637 $466,279 r \ 1946 $313,923 271,740 . • 1948 $458,141 from from Los Angeles Superior & Ishpeming RR.—Earnings— September—V J 142,997 261,430 151,052 245,043 74,370 147,232 o2,887 From Jan. 1— Gross from of Net from to the Net ry. rights in the —V. allotted ' Kress & Co.—October Sales Decline— Period End. Oct. 31— of subscribe, of ago.—V. October", 1949, against p. 1496. v.-7 1949—Month—1948 month give Common Stockholders' Committee Plans Not Changed 1 in had 704 stores in operation in October, 1949, compared same will concentrate are call be stockholders' 'meeting, a called taken. as soon Warren committee.—V. 170, p. & propef as McGroddy 1804. shares price sub¬ to the of Nov. "stockholders (S. H.) 7 ■- not number the -rights 1949—10 Mos.—1948 $3,076,000 $25,760,000 $25,631,000 $23,653,123 $24,853,559 $213,875,653 $211,621,539 with to by to headed by William C. Langiey, claims to x-epresent 1,765 owning 134,570 preferred shares, or 53% of the com^ outstanding preferred stock. pany's Kresge Co.—October Sales Drop— Sales Lake subscription stock, which are year committee consolidation and and ; date 165,500 shares of the "offer to employees" is less than the subscribed subscriptions the the in demands problem chance a The group, shareholders had 306 stores in operation the hold¬ to for co^npany This 311 •V the A nounced $84,498. $2,784,000 facilities - reorganization management Preferred Holders in Agreement with SEC— • (G. R.) Kinney Co., Inc.—October Sales Decrease— - the of Co. 'expanding growth in and the period 7 ; almost doubled • there¬ the "offer to employees," but not exceeding as to any person the number of shares which such person subscribes for through pursuant grown to Period End. Oct. 31—) Sales to $2,000 for $44,000 bad 7. 1, 26: the rights 7 per and purchase $10 (b) per Sept. $102 !^ 1 right to subscribe for and The to 1957; '■ outstanding common (2) prior Sept.-1, OFFERING OF COMMON STOCK-^Company $1,000, plan pf the three cases, it was said, the capital was the period. The $11,000 saved, starting with $1,000 and each year for 10 years, had increased to $20,173; the from 11 investments of $2,000 each had increased to $42,051 *Sadcs7~L— 1949; share of the and the payable quar¬ Redeemable, at option of company, upon: 30 days' notice, at $104 per 1952; $103 per share thereafter and prior to Investments capital under - end of Period End. Oct. 31— dividends; from • adding. $1,000 Further details follow: cumulative in 7 Lighting '7; z Kentucky Utilities Co.r-TPreferred Stock Offering—As in our issue of Nov. 7,. an issue of 25,000 shares of 4%% cumulative preferred stock (par $100) was offered Nov. 4 at $101.75 per share and dividend by a banking syndicate headed by A. G. Becker & Co., Inc. to annual on the gain $22,000 4,000 mentioned Entitled based In each atr the the "(no par), common stock, to be sold at market (about $25) by HenVy P. Kendall, Chairman, through The First Boston Corp.—V, 170, shares p. studies $4,000 to determine 1939 to 1949. .; Boston—Filing with SEC— letter a 1296. p. 7 "Settlement ' railway p. income 1297. 7 2,969,700 2,829,486 1,609,412 1,516,104 railway— oper. 170, 3,147,632 1,289,445 1,368,768 347,644 887,417 692,664 723,014 107,790 Biltmore Hotel Co.—New Policies— ' H. C. Nicholson, President, Holders, said in part: > "The with on Nov. 3, in a letter to the stock* directors have the following adopted certain long-term policies in connection financial matters affecting the corporation: "Commencing with the current year, it is the company's intention to out each year, in dividends, a sum of money that will not be in excess of 90% of net earnings. pay "It is believed capital, or excess that the corporation should maintain a of current assets over current liabilities, of working not less 8 (1916) than . $250,000. Accordingly, cash oi U. 8. Government bonds THE will be until this objective is reached. ", "It is the present intention of the board to purchase Government bonds each capital of $750,000. '* C "After the above until year the will paid out of are dividends in in invested or not invested U. Louisville Gas & Electric Co. Electric output of this 35,400,000 corresponding 170, p. the week enaed Nov. with 39,948,000 kwh. South ./.' September— Gross Net from from ry. 1949 railway,... The income.— oper. bilize from Net Net ry. —V. income.10,173,242 oper. 170, of company operated corrcspmiuing month recapitalization Clifford traded 8. to designed been the Strike, for 1,571,113 , to approved President, the - boost by stockholders Period End. Oct. 31— the for the same the value par and approval. value par $4,411,336 The, is company bonds, 15.—V. inviting bids scriesi 1979 105 170, West of the of revenues stock, the purchase will Street, be of received Chicago, which would to the input kwh,, con tsponung of week last holders stock each. that It it voting will also was the on of "A" redeem year.— of for $1,806,565 114,107 Drl 2,806 170, 28,852 A value be can redemption of class time into B market share the present 1498. P. common the Nov. if A of four of class of class A shares reports.—V. and 28. This is common year, the stock, the compared with $2.10 Minneapolis St. Paul September— $37,203,333 Gross lrom from Net ry. • JL549 ' railway——\^$4,187,728 railway ■/•';. share per 170, p. From Jan. 1— a.m. (C3T), ;■ 1947 Dr143,901 " Dr138,777 217,430 260,826 (Dr)__ 20,986 ry. oper. income $84,451 $118,400 11,796 11,281 101,896 $129,681 $1,765,274 957,107 Gross income Rentals, Interest, etc.— , 105,050 : income 103,906 ♦$8,803 'Deficit.—V. 170, $1,663,378 1299. p. FOR ; £ $25,775 $808,167 26,617,172 22,780,816 19,780,074 from Net ry. tions— All Service Co.—Common Stock of Subscrip¬ THREE 3,255,105 1,257,499 *353,533 ',4; 139,187 ' 1,450,364 957,184 , after MONTHS taxes the 25,000 shores of common stock —V. offered, to stockholders 17 were purchased upon the exercise of warrants. the, total underwriting commissions to be paid on stock pusuant to the common stock purchase, contract will be $12,500 and the proceeds to the, company on such common stock,* after 'underwriting commissions, but. before, expenses, will be. $£87,500. or $11.5$. per share, (For further details see V. 170, p, 1600) 170 of record On ENDED SEPT. 30, 1949" " ; • 57,580 __ 170?,' p. ' y "* - Dec. the /' Production current the at year—July, from 131,519 tons from 122,192 tons The estimated quarter - company's mine for the third quarter August and September—amounted to milled. This m'lled the Emergency amounted to compares preceding Gold $122,583.—V. v/ith production _ $80,705 _ Net 1947 $174,139 $203,000 $133,423 40.132 railway 1948 77,057 _ income 1946 p. bonus lor $807,026 12,374 $121,665 35,004 41,801 11,594 24,921 1,299,029 1,018,074 336,202 1,713,651 .367,441 J 219,044 *59,487 30,982 1,670,682 608,492 income™ oper, diiectors the 4,r 98.134. /> 238,249 ,, 113,658 . , the third Marion Power Shovel Co.—To Increase Directorate— A special * meeting of stockholders has been called for Nov. 28, 1949, to vote on a proposal to increase the board of directors to 13 members from the present nine member board, and to approve amendments to the code of regulations by which the duties and functions of the Chair¬ man of the Board would be broadened. Charles R. Stevenson and Norvin H. Green will be nominated for election as new directors have Previous Richard and Randal by Ik the ment four to Stevenson early code - ot be shareholders and similarly nominated to a letter sent been other stock'. Mr of the death of E. G. Diefenbach declared a quarterly dividend President management of important corporations. Mr. Green is a director and member of Executive and Finance'Com¬ mittee of International Business Machines Corp.; a director and member of Executive Committee of The Okonite of Executive Committee Co.; o' the a Mr. of the Richard's Board Steel Corp., Mr. Holden of The directorships and and h's include Borne family presently a of substantial of shares company. He is director of Allerton, N. Y. President and a director of 5o Broadway Building, Inc.—V. of the Corp. and 170, p. 789. Melville Shoe Corp.—Current Sales Declined 9.1%— —4 Wks. End. Oct. 29 _ . ., tr -—V, -inn 170, , s p. *7 1498. 1949 $5,143,037 • 1948 Jan. 1 to Oct. 29—. 1949 1948 • $5,658,219 $57,001,791 $60,626,692 Mercantile Stores, Inc.—October Sales Off 11.3%— Period End. Oct. 31— !rST™ —V. 170, p. ,"™ 1398. 1049—Month—1948 1949—9 Mos.—1948 $9,480,600 $10,694,200 $77,991,700 be 50 $82,890,600 total of a new 15,000 expenditure expected of be It Plant End. from stock. of the After offered, used is from line Public it sale the is of bonds in sale arid the to proposed of sell for such construction in Winona, the is , sale common Nov. 1. 1963 Preferred stock series GIVING series on in that / • ; 1949—9 Mos.—1948 - 131,302,035 841,273,380 965,776^17 ./ . :/■' /'■ -3 is $1,800,000 proceeds the of contemplated required from of funds the sale common - in (cumulative, $100 par) , 1 DIVIDENDS—During of stock of for 1933 the when terms ret red. of 1.926 be varving amounts $1 On per Oct. share per 1949, radio line has and is receivers. been achieved were was operating on Mr. equally allocation an Galvin well stated received 2 requiring in a double new antenna has with announced in set picture tube two 9 by . by .. signal the the need for The areas. combination (G. C.) to dealers is starting at once.—V. 170, Murphy Co.—October Sales 9.38% Lower— There as * 217 were compared 1949—10 Mos.—1948 $105,595,498 $101,602,642 stores 210 to 1949—Month—1948 $11,305,190 $12,475,371 Sales- in operation stores in the at operation 1398- P- an console 12V2-inch a '"V models new Period End. Oct. 31— . • built- television- corporation. 1498. p. . and and this eliminates good and controls, console Nov. "Luilt-In-Tenna" either 16-inch a only television new combination close at of Oct. .y October, 31, 1949, 170fc 1948.—V. :W.'/i/ National Container Corp.—Calls Preferred Stock— It is announced that the balance of the 4%% cumulative preferred outstanding has been called for redemption on Dec. 27, next.'., Kipnis, President, said that following the redemption, the capitalization of the company will consist entirely of 2,715,459 shares 'stock ' Samuel of stock common $6,000,000. He approximately and long-termdebt estimated net $7,000,000.—V. current due in 1964 assets of as 170, p. 496. the Sept. of amount 30, 1949, at Z * National Distillers Products Corp.—New John ■ E. been Bjerwiith, Chairman 'of The a director of this President, succeeding elected Board. the of York New Mr. Trust 170, p. has resigned a director.—V. On Nov. paid 170, p. 109. on the with the 15, shares, 9 cents * 1949, the of 10 cents following record (total for for 41 year cents); 22 railroad retail trade On Nov. amounts 1949): stocks oil 30, income to total 22 1949, 6 series, cents 18.5 cents); months 43.6 4 cents 8 lunds cents (year's total building 27 stock 4 23.8 3 4 cents year, 23.6 8 cents (total 23 for cents); cents); ex-distribution per share, total shares, shares, shares, 5 cents (year's Utai sell series, cents for (bringing cents); preferred stock on series, (total distributions, cents chemical ;• share, will be balanced series per On cents); groups following series, (year's cents); 1949: 6 cents (total for year, (year's total 24 cents). the 5 31, year to 42 cents); selected estimates of such institutional series, (year's year shares, distributions, Oct. shares, shares, 6 cents are On cents); railroad equipment 12 cents); ' Research Corp.—Distributions— (bringing total for (total year, \ / ■ Securities &, shareholders to President Director— a . may as 1805. Kleeman, President of Colonial Trust Co., New York, N. Y., elected been President, Etc. corporation ior many years, Set-on Porter, who becomes Eienvirth Co.—V. : no 7, results National Paper & Type Co.—Kleeman annum on the new $10 par value the outstanding common stock of the company was reclassified from 12.300 shares ($100 par) into 61,500 shares ($10 par). On Oct. 13, 1949, a quarterly dividend of 30 cents per share was declared payable Oct. 27 to holders of record Oct. 14, of the 61,500 shares ($10 par) stock, which is equivalent to an annual stock. with demand up home tuning, featured /"■ Delivery of the .... has dividends were paid. From 1935 through dividends of $4 per share ($100 par) siock were paid, and stall¬ ing in 1946 and to Aug. 1, 1949, quarterly dividends were paid at a rate equivalent to $5 per share per annum. The latter dividend rate to quarter '.'.tube. 80,000 shs. bonds year third the trade in that field.- are National dividends e^ch taxes. introduction of the company's new radio and communications equipment,/ lines has been so enthusiastic that the new and 15,000 shs. Additional in $2.77 income keep $1,890,000 1935 800,000 $3.34 communications television Arthur S. - 1945 equivalent to television new. antennas has indenture. through 2,215,914 ,r>' 800,000 $0.71 home the for series, years 2,672,613 800,000 $0.96 spectacular unable both the model 30,000 shs. 15,000 shs. 565,874 800,000 television, enthusiasm outside, are will "• . 250,000 shs. with paid • the • Outstanding ; * (par $10)— were 'Authorized 1949—9 Mos.—1948 principal wnich next* 12-month common 1 accordance stock of ' 1949—3 Mos.—1948 to accomodate rate Motorola's the account shares * of due f ♦Originally issued $2,100,000; balance common r !- 1949—Month—1948 and Federal radio-phonograph EFFECT TO PRESENT OFFERING —— ________ Common stock is " Minn. over stock. ■ exception 73% 27% ' estimated approximately $700,000 is realized of mortgage bonds, 3V2% common „ & Beane__ Announces Two New Television Models— : ' $700,000 during also issued the 764,377 the commercial expendi¬ 1951. about purposes . first $2,500,000 18,500 additional first mortgage bonds, CAPITALIZATION First of • •'•"i'/.'U '\'V i.W •/£ Sept. 30— has been that per ■ the ■ and $17,973,196 $12,930,235 $51,795,564 $39,848,775 noted 1950 turbo-generator auxiliaries, early proposed that further offerings made at later dates until a total of be KW approximately completion the commitments received amount • . underwriters $ reduced a 2basis cents share. a were now period. principal despite the fact that during part of thLs period Motorola at one installation until common 5% owners 3/10 of of approximately $975,000 outstanding on Oct. 1/ 1949.! It approximately $1,800,000 of the $2,500,000 of that to the a 1949 unit will of Scrymser Co. are new this director and member Intertype Corp., and a director and Gauley Mountain Coal Co. Manufacturers Trust Co of New York; Midland1 Steei Prod--cm Co.; Murray Corp. of America; Hartford Electric Chairman of company's Liberty Street Steam unit, complete with boiler and Purchase - for unit Pacific RR.—Interest Payment Approved— dividend the involve stock of Stevenson. Jordan & Harrison engineers, for. the past 33 years! the Murray Corp. of America; Virginia The Autocar Co.; Borne Scrymser Co., and several known to period T amend¬ in This C. represent Chairman been vac*nt since the Corp.; Harold Harvey company, to holders of both classes of directors are elected and the Prescfncly a director Coke to by regulations is adopted it is contemplated that by the directors to serve as iias Stevenson & common will be elected inc.,. nationally Coal will according proposed thep0veare in Mr. additional the the Holden -tqe preferred shareholders, Gracely, President of the basis toward unit the v profit firm common the unsubscribed shares Oct. 28 at $15.80 PURPOSE—Net proceeds will be used to finance tures of 1600. sales He / * share for each share held, 5,047 shares were subscribed for by such stockholders at $15.80 per share and 13,453 unsubscribed shares were sold by the company to the underwriters at $14.85 per share. The underwriters, Merrill Lynch, Pierce, Fenner & Beane and Carter H. Harrison & Co., made a public offering of 552. is amount required Paul V. Galvin, President, on Oct. 28 further predicted that Motorola would top $75,000,000 in sales for the entire year, with net profit "better than $5 per share." . stock, payable Dec. 31 tor'holders oLv record distributions had been at the rate, of 45 per share quarterly.—V. 170, p. 1299. '• ;,":V 16. the on are turbo-generator Harrison & Co "After charges >■ Mississippi Valley Public Service Co.—Subscriptions— the 18,500 shares of common stock offered by the company to the holders of its outstanding common stock the KW additions) names Capital shares outstdg. Earnings per share Of $799,777 I : quarter, Assistance 159, oi of principal funds as total Simplified Malarlic Gold Fields Ltd.—Production Shows Gain— 15,000 112,398,224 Period • — railway railway on cents $1,800,000 1950, new Motorola, Inc.—Earnings— ► The of during Morris Oil Co., Ventura, Calif.—Filing with SEC— • Mississippi River Fuel Corp.—Larger Dividend— share balance time — 138,285 basis common series Nov. 4 a letter of notification was filed with the SEC for 5,000 ($1 par) common stock, to be sold for between $5.50 and $7 'each by Clair E. Halliburton, Fresno, Calif., a director of the company, through First California Co., Dempsey-Tegeler & Co., Morgan & Co. and' James Ebert Co. v ; ; $1,455,850 ' 1949 170, p. 1398, Oct, such spch 3%t% new a shares . ■; railway from ry. bonds of •- /—V. 170, p.. 1398. / ——..4--—.-— Federal income taxes———— oper. Net the to company's Period End. Oct. 31— Calif.—Earns. taxes from Net "v . * DEBT—Company is negotiating which holds its outstanding 3%7o bonds, ► from Gross and time the of 170, p. ♦Net 1298. p. Public unit FUNDED company, 'v., Sales From Jan. 1— Maine 48% Montgomery Ward & Co., Inc.—October Sales Lowers ' Mississippi Central RR.—Earnings— Net IN Merrill Lynch, Pierce, Fenner Of k V " September— $1,058,268 and 1805.;;• v V':'! ,''1' 380,017 Corp., Los Angeles, 166, p. 270. Gross Minnesota of $12.961,245-in black interest covered by the petition, $11,159,525 is for first and refunding bonds of Missouri Pacific RR. Payments on first mortgage, bonds of subsidiaries were approved as follows: $1,610,000- for- International Great -Northern RR.; $135,920 for Cairo & Thebes RR., and $55,800 for Central Branch Union Pacific Railroad.—V. 170, pt, " 660.123 513,612 i—_ before income -v. $1,890,645 in On Provision lor 935,288 ' $2,947,418 1,043,236 sales income $1,993,556 ' 102,911 $96,247 170, Appliance RESULTS Net income located . Mission Net is . / , Net depreciation) The payment of $12,961,245 m back interest to lirst mortgage bondholders of this company and several of its subsidiary railroads was approved in the Federal Court in St. Louis, Mo., on Nov. 9. * The authority was granted to Guy A. Thompson, trustee of the ; Missouri Pacific RR., after ia brief hearing before Judge George H. Moore. The only opposition came from-a group of stock and bond¬ holders headed by, Andrew,; W.v Comstock of Evanston, 1 111. * An /attorney for the group asked that the money, be used for stock dividends."-' :. /•:..' '■■■■- ■; ■> 1946 1,232,023 from from V in , . « 2,208,455 railway— 26,890.589 railway.——..' 4,580,899 Net ry, oper. income,.... 1,689,103 Net bonds, from / Missouri f - Gross sold . —V. for. the " first of CHANGES Carter H. ' ' 1 com¬ respective percentage of the unsubscribed shares which each has sever¬ ally agreed to purchase, are as follows:/ • / % ' > • on 1805. $4,879,394. $3,458,641 1,515,668_ '815,835 —. income— oper,- 1948 deduction . quarterly dividend paid in 1948.—V. ' "v be , & Sault Ste^ Marie Ry.—■ Earnings / > population of communities , company's 133i:d consecutive and makes a total oF $2.60 stock, other company also furnishes electric service to customers throughout the territory. • ; the insurance r $1 per share holders. of; record to 27 a Village of Trempealeau, Wis., and The UNDERWRITERS—The ► quarterly, dividend; of Dec.'.12 to retail the with City of Winona, ; dividend of 70 cents per share a usual both: payable the $37,000 per year. 1949—Month—1948 -: 1949—3 Mos.—1948 $2,985,454 $3,410,523 $7,441,500 $8,674,114 Nov. 8 declared on stock at to to associated equipment.-A cash sinking fund will be provided suffito retire $40,000 principal amount of the new bonds in each year commencing 1952, and there will be an additional sinking fund require¬ ment (subject to credit for 60% of available property , 17C, p. 595. V service miles square addition and B, v j Wisconsin cient . have . In the sale»of $3,700,000 of first mortgage to - the corporation approximately 700 electric farm construction converted, is approximately of $30, plus dividend of redemption. for in 1980, of wrhich $1,900,000 principal amount is proposed to be issued January, 1950, at a price which, together with approximately $62,500 treasury funds of the company, will be sufficient to redeem the of price held approximately 94% shares, shares /./.; %/;."•;> V.-;'*-r. preferred its on 1949—9 Mos.—1948 >Crl7,548 present class share The directors the on , $2,026,571 $18,361,324 $19,946,933 1,749,550 14,305,099 15,728,665 O 147,317 2.031.516 1,928.020 1,574,215 —; —_ and outstanding 1948 Minnesota Mining & Manufacturing Co.—Dividends— the. company 11 the organized was Wisconsin due in „ dividend a out of name com¬ f Wisconsin. ; It of area PROPOSED certificates that payable, the - certificates the announced stock, present the ;-in Wisconsin, and after addition of the proposed turbo-generator will be approximately 68% in Minnesota and 32% in Wisconsin. of ' crust the on • BUSINESS—Company under territory and at wholesale rural subsidiaries of ' The electric operating revenues of the company for 1948 were derived approximately 85% from Minnesota customers and 15% from Wisconsin customers.. Approximately 52% of its operating property per books r increase an 1913, an (before System is the intention of quarterly dividends to pay " the Interstate Power Co. sta¬ ' V", AND lurnishes pany of 65,000rshare a share. ./It per continue approximately 50,000 people. 3,076 to 17, serves ' the 83,231,000 the of ...... A $30 : —v. be rents Net Net class Sales is fac, Other witn acquired. , declared with converted current $3,000,000 by to up 1949—Month—3,948 I Joint be 9. 100% number authorization stock, to so required Nov. of purchases the seeks South 1949, notifying Period End. Oct. 31— to v 1949—9 Mos.t—1948 $4,672,621 $36,550,244 for Bids Adams —— expenses rents is at each 'Deficit.—'V. Taxes also is event Miller-Wohl Co., Inc.—October Sales Down— soon Maine Central RR. —September Earnings— Equipment market obtain shares the cciporation that the to been the will According 1701. p. Period End. Sept. 30— Operating Operating ./ been compared for each $1.20, 1397. Suite 2200, 1946 has which Net mortgage Nov. 13, $44, in as Madison Gas & Electric Co.—Bids for Bonds— at 3, over v outstanding Dec. Up directors their 1949—Moutn—1948 Sales p. Nov. 7%> or 1804. into $71,927,160 by tlie mjve, however, new certificates supplant present certificates.—V. 170, p. 1397. —V, 170, It Middle amounted corporation its $1.20 McLellan Stores Co.—October Sales Slightly Off— . > offering. the ended kwh., points out 1949—10 Mos.—1948 ariected to to In The. corporation advises holders of class A certiiicatcs that Dec. 2, has' been fixed at the last date on which conversion of class A certificates into class B certificates at the rate of four shares of class B for each share of class A, can be afiected.' The would be Issued in stock its Middle earnings, on Dec. 13, 1949, upon surrender of class A certificates redemption at the Empire Trust Co., 120 Broadway, New York, N. Y. counter, will be raised from $0.10 to $2.00 a share. Under Uie plan, the company would transfer $414,105 from its surplus—$1,041,067 as of Sept. 30—to its capital account. If the plan is ratified by the stockholders, McGraw's capital stock account will stand at $1,227,847 and the surplus account at $626,962. There are 217,950 shares of Mcu raw common outstanding, with a present capital value of only $21,795. The number of common shares iui,t South to of stock... 656,295 8. dividend share to rate. Railway, Light & Power Co., its present name having been adopted in 1925. Company is now solely an electric operating public utility engaged in the production, transmission, distribution and sale of electricity in the City of Winona, Minn., and surrounding territories in Minnesota and for the over week p. The 2,701.730 $7,919,213 $70,910,149 201 stores in October, 1949, last year.—V. 170, p. 1397. plan, has stock the Jan. - , HISTORY ' the Middle South a 1/35 Share « $1.20 k Middle States Petroleum Corp.—To Redeem "A" Shs. $14,325,815 McGraw & Co.—Plans to Recapitalize— submitted directors of of mon stock at this Electric with ' common of of as of rate and purchase share. per shares the the amount of stock corporation 170, 1946 921,698 1949—Month—1948 $7,546,527 The be $12 (16.19%) these at Bond of the the market the this v. McCrory Stores Corp.—October Sales 4.71% Lower— (F. II.) board persons of 1949 Period End. Oct, 31— A for shares 30, share at Weekly Input Increased 7%— 1297. p. Sales the the For 155,399,777 138,471,270 125,426,419 27,685,631 24,951,471 20,718,980 15,345,572 11,861,402 11,021,793 20,708,976 Nov. Middle limitation upon 1949, for the 1947 2,400,846 135,615,745 railway interested gave 5, en ruilway___. each complete 5,510.000 1948 656,993 to of from 803,230 distribute date the of shares Prom Jan. 1— Gross South to record for record shares > , $13,867,905 $17,557,784 $15,320,626 1.992,644 3,862,723 2,025,948 railway stock Middle owns proposes oi of subscription period will expire Dec. subscription, Bond and Share will make Louisville & Nashville RR.—Earnings— Net SEC The year, a decrease of 11.2%. After excluding local sales increased 0.9% in the corresponding 1804. and Share It stockholders last sales to other utilities, period.—V. a3 * stock common stock. Government 8. property (Ky.)—Weekly Output— for compared company kwh., week in the Bond bonds, as additions to the hotel. These sums, impossible to estimate in advance, the directors propose to utilize when available, commencing in 1950, for the purchase of stock of this company for cancellation. No purchases will be made at a higher price than the same can be purchased on the Los Angeles Stock Exchange."—V. 170, p. 1192. depreciation cash totaled Nov.. 7,. the 15, to rate 656,295 shares not as Nov. Monday, November 14,-1949 dividend request a hearing upon the proposal Bond and Share Co. to offer for sale to its stockholders provided for, it Is anticipated that'there be further accumulations of money each year from net earnings well order; announced an until ;. items In /», $50,000 in U. 8. has a working corporation CHRONICLE Middle South Utilities Co.—Stock Offering—, accumulated * COMMERCIAL -&L. FINANCIAL andf (the payable Dec. 15, year's total to 34 28.2 cents*; industrial aviation shares, 4 cents cents (bringing (year's cents).—V. total 170, p. total 14.4 1805. for cents); ' r Volume 170 National . Number 4855 Shirt Shops of Delaware, Inc.—Oct. Sales— Period End. Oct. 31— 1949—Month—1948 Sales $1,084,706 The THE October, 1949 operated 94 stores, in the corresponding month of last year. .' v '• 90 Period End. Sept. 30— $1,147,933 $11,128,447 $10,674,990 in company compared Operating On With Nov. shares 2 SEC— letter a of { ' Maintenance Fed. filed with the SEC for 9,000 of common stock (par $1), to be offered at $11 per share Reynolds & Co., Scherck,/Richter & Co." and Blair F.. Claybaugh & Co. Proceeds go to selling stockholders.—V. 170, p. 1499. ,• * and come Other - *__ 642,871 _____ Canadian taxes_^...__2_2_ taxes *'-1949 for deprefc. ana depletion.— Interest, bond discount and expense Prov. for Federal Net profit •After other outstanding.; share_____<____.,____ expenses those except provision of T. reported the third stated the in quarter. that all-time new hearth open world's furnaces by the Weirton Steel announced —V. The" previous output in new three plant blast single a month record !• table. also the tax with of respect 1949 was by con¬ -J in 1949 Period End. Oct. 31—; —V. 170, s established produced 170, p. $4,717,186 1398. p. in total a October of j Weifton'3 by 124,134 I tons of pig of the week1 ended 15,867,413 kwh; production of Nov. This is 15,470,493 this 4, kwh. $1,846,287 company - - • . Utility new loans of operating $15,000,000 • customers ip 33 .counties of upstate customers New and " ..... . month ended for the ..: ..... of electric 396,920 kwh., Nov. on a announced output This is of lor decrease a 749,780,000 v. October. 170, p. of cubic corporation was admitted .•>•••>'• - to- when the no issued 1805. - the Northern District-of ration. above • The distribution 1949, is reported cubic the feet at 9.70% or - cubic 677,032,000 corresponding : - Zinc Co.' (& Quarters End.-Sept. 30 •Operating profit Other operating Total Gen'l inc. New and below month a from: Net ry. • ago,:— will be Gross 1948 1947 $3,650,487 90,268 163,125 150,294 $3,813,612 $2,001,975 $1,434,520 544,800 700,018 ? ■ ' ' 1949 income,— ' f '"' 6% • Total -Res. ($48,857 403,292 for $3,113,594 357,913 1948 r 358,917 $3,420,452 contingencies..^ > 985,005 $408,506 $2,i85,447 Earnings per share on 1,'960,000 shs'. ($25 pari/ paid per share in 3 quarter ' •After costs, tion and and 1946 22,035 !C, NOTE—Earnings shares of capital Period— 1948 1946 $1.41 1948. —V, 170, for 87,183 60,348 ' - p. 1601. ' : . .;■ t. .. first 720,916 260,506 433,994 - . •9,692 Gross Net Net from from ry. railway railway*,—— $0.24 1 r! months with ', «• oper. V $0,21 From Jan. 1— Gross 137,612,046 from oper. 1,432,661 5,828,957 28,965,308 45,327,673 1,172,182 3,056,658 17,369,482 25,400,661 260,479 2,772,299 11,595,826 1,132,776 6,024,241 ,9,611,0.77 revs — income-- oper, , rents .7, Net ry. (net) 31,297 36,124 146,022 3,868,951 17,474,045 . -• 108,490 for funded on $1.86 '->;3;25;: :;.r/ .'1,'162,474 3,967,382 698,910 3,811,993 .17,250,997 29,068,150 —v. 170, 271,174 I : " of 4 Vz % $733,545 401,221 The 265,669 .'. 176,681 6,256,565 4,450,596 1,330,052 2,031,206 ...v ) •/ -v...;! . 3,098,947 " v 1,327,334 '• 101,923 98,607 941,793 ; from not Gross Net Net 1949 from from ry. railway-— railway.*—_ 94,012 -From Jan. 1— '.' 1948 - $381,828 income!, v' oper. - 1947 - * $358,439 133,550 42,301 .... - $415,681 —: 585,000 531,987 . 3,546,719 15,730,204 Net Net ry. —V. ; railway.— railway—'.* income— oper. 170, p. 1702. v ' 3,413,642 3,776,876 " 697 961 . 1,060,374 ^ 806,383 to 1946 174,975 306,164 •{ - 185,247 of -• V subscribed be , Sales —V. _1— 170, 12,074,032 —__r p. $ $ ' of 11,613,694 100,519,086 1948 total of shares 13,575 At Close of Business Sept. 30— •Cash, U. net * '• 'r 1949 <■, Government securities & all other r listed changes Securities listed market) tShares and on U. S. ether and Canad.ian on .•' f { London Stock Exchange non-listed 2.06 2.14 " plan, share with of and employees. worth per — share— 23.35 •After 1949 p. and provision 1948, of new common privilege of company "and the of the"1 693. income fixed by $79.87 taxes to Sept. directors.—V. 30, 170, 5% W^s- Div. quarterly prior pre¬ convertible Co.—Two New of President have been Budd The of John the elected Co. A. Trustees Philadelphia', of Roebling's Sohs trustees.—V. Nov. 9 declared dividends two 170, of from "Undistributed "Accumulated Net Income Realized Net 50 since Gain first 1301/ p. each, cents Jan. 1, 1939'' on-Investment* departure, from the policy of paying dividends by the corporation since it was founded -in followed time, Pennroad has engaged large concentrated investments, holdings in in the program designed it0 a field railroad announced" aftfer to the consider the meeting the payment "simultaneous months apart, it that dividends of declaration of believed was the was .be to into more the intention ,of semi-annually" Uivid'ends, these be time, 'the given to dividends until the latter part directors * will review the situation in resu'ts operations of of prevailing.—V. sold were two best method ef 170, the corporation and of 1950. the general At "ttjat of light the conditions tnen 889. p. former 1 " Pennsylvania Engineering Corp.—45-Cent Extra Div. r V Nov. 7, the directors declared; an extra dividend of 45 cents share' and a dividend of 20 cents per share* both payable Deo/ I 'stockholders of record Nov. 15, 1949. This brings total dividends in 1949 to $1.70, which compares with $1 paid in 1948,—V. 168, p. 2436. :■ ;• ; .. •; per td ■ the stabilization of . " . proposals will be received by Salle St., Chicago 4, 111., up t : ■ •" ■'■ v - will for be allowed each share to held of , snares be offered ■- - for •' * sale at ican '■ of this company will be The V ; road 1,062,300 ' 194£) $773,097 / - U""' 193,040 Net-ry..oper. income_*_. • Ntft from for the-week from "railway Net ry. oper. ' ' 4. horsepower. * •Deficit.—V. . 1 : \r 1947 $789,418 ' 133.601" 30,726 5.143,601 739.306 " 1,145,412 1,123,283 41,462 420,821 462,446" • • 43,139 ^ * Morse Co. & diesel-electrics service The , ElectroAmer¬ Lima-Hamiltop." start in January and .. locomotives, having when delivered, will add 370,80J units, total a 170, p. I"" the Locomotive, and to are 594 diesel-electric new company • were ago.-*-V-. year . 1,433,100 of diesel ' v 1807. <-.1949^-Month—1948 -ir* There ' horseppwer . - , *. 142 $4,020,423 stores 170, in p." 1499." l- ' v, 1949—10 Mos.—1948 $4,267,575 $38,002,592 $37,766,313 operation " Oct. 1 • 31, ,1949 % V, against 140-a , Peoples Gas Light & Coke Co.—Partial Redemption— James F. tors Oates, Jr., , 3% of for convertible debentures on amount On ' • - Nov. 3,. 1949* debentures. Dec. on The at • f of Nov. Chicago, 10, 12, First 111., 1949, In" "It at at N. the were of and Bank Nov. 4 announced that the-direc- i, 1963. debentures 12 of $5,000,000 As of the close of busi¬ outstanding were $15,821,400 called for should be principal redemption interest, payment to be tnado Chicago/trustee, 38 So. DearborrP St., Trust Co. of New York; 140 Broad- accrued of Guaranty Y. announcing the directors' action Mr. Oates explained:remembered including those called out 103 National or on redemption next Dec. due Dec. there the $5,000,000 New York, way, 3.600.569 "317.958 *772,283 Chairman, have authorized the call ' 1946; $508,782 72,781 45,068 170, p. 1301. giving in Period End, Oct. 31— 1949, $621,741 112.115 ' 1948'" ' 6.468.9'86 " has now Sales . Nov. 122,207 income Fairbanks, new Baldwin ^ ended 6.152,375 railway understood, " include Corp. equip¬ i . From Jan. 1— Gross and the is of program $300,000,000. Peoples Drug Stores, Inc.—October Sales- ■,. / Pacific RR.—Earnings— • it . , postwar than more Motors for the 820 locomotives;—V. 5 ' orders, General about railroad's the > ' placed, orders for223 $38,000,000. ' ' "substantially .completed" by the end of August, horsepoweh ■ ' , railway._V_ costing has • record totaled,: 66,493,000 ,.kwh. ,"as,compared (Vith .65,450,000 kwh. lor'the corresponding week Jest year, an increase of -1.6% ^-V.-170, p. 1806.' from-railway- the of Locomotive of of coSt improvement to of Division Deliveries locomotives' the it announced " competitive . brings and service Recipients one- subscribing to additional; shares. Em¬ its subsidiaries will get the right to will diesei-electric t Motive f on.Nov.. 9 company Thia • ment : buy The .. new I . ' Pennsylvania RR.—Orders 226 New Diesels—1 the , stock 1 Sepfemlic r— , for all taxes, including respectively. +Fair value as 1949 to the attention of Pennvoad's stockholders this important change in policy. If was pointed out, however, that in view of the* declaration of two dividends at this time, no further consideration notf more'thah 150 shares £ach from the-Unsubscribed shares. Grcss-from , " shares \ '• Weekly Output Shows 1.6% Increase— Net 17.89 $77.29 ... — Insurance Tyson, from the year; directors would including SEC, • stockholders common the balance' 1 corporations r undertakings net 354,043 of 1939/' marks was ness (at • 392,568 the on President Jr.; on paid cents Jan."!, ' , 01 " ' ( ; - Northwestern -L—— notes 712,750 358,706 bringing c subscription price is to be fixed by the company at from $9.75 per-share,-; Underwrriting compensation is not to exceed 50 cents per_ share. ^ > ' Ex¬ 57.10 4_52~f€i 722,934 -330,366 249,108 985. p. Life Budd, Charles R. payable. six *• ■ $2.74 ■. 48.64 _.__J and Estimated $3.24 market (at 1948 ' . 1 • G, was 25 the to $11 u:- - 587,287 285,489 share per 170, Mutual hereafter .and Cun- and Invitation for — . Such of Electric-output quick assets Securities -.' S. the These (Minn.) ... Worth Per Share— r _309,00(J $0.11 x The 1499. .'r Newmont Mining Corp.—Net with in connection with proposals, bidding. $ 98,932,171 315,000 $846,842 diversified inviting, sealed,-written, proposals for the purchase 1,584,238 shares of common stock (no par) as shall for by the holders of the subscription warrants or stockholders a 17, purchase The • Co. & has- received "permission from the SEC to make a the common stock. The proposal involves the sale share® of *no par common stock, including 22,194 shares the ployees $ cents Trenton, N. "J., convert company offering Under sixth . of 1,584,238 Nov. (J. J.) Newberry Co.—October Sales Higher— 31r-^ 1949-r-Month—1948 1949—10 Mos.- a company at Room. 1100, 231 South La 10:30 a.m. (CST) on Nov. 16. common 31,821 Period End. Oct. 863 315,000 " *$0.10 ' held,,in the treasury pf the company,, with pfior subscription rights to • 767.758 V-'- ---• 1947 35,940 , States Power Co. company, is it of such of public 3,'006,634 " filed company The V 110,873 3,048,908 ' 3114 For some Oct. 26 offered 1,572 shares on market price of the common stock. / /:the - from from ; 30,126 422,694 a 26,691,667 . cumulative preferred stock at par ($100), and; opening . Gross Calendar Years-—• 1948 708,183 1929. 1,500,000 employees' of the--company and its subsidiaries pursuant to the subscription offers relating to; said shares plue such number (not in of 79,212) of additional shares of such common stock as may be purcliased by the company; prior to the time, for the presentation - '18,519 «'•/- "51,166 69,784 the on $1,147,514 _ once excess $374,024 .. 100,253 - changed were status -4: J" : 6 Mos. End. r.— ; the Susquehanna & Western RR.—Earnings— , stocks listed June 30, '49 , stockj—V. and This "■ 876,483 166,667 65,000 Purchase of Common Shares—' • . preferred On The company expects to issue inviations shortly for bids to be received Nov. 17 on $2,340,000 equipment trust certificates. The certificates, which are to mature in l-to-15 years, will finance for the road not more than 75% of the cost of an equipment program.— V. 170, p. 1806. ; ; V » ' * : ■ : : J ■ yy;y Ohio ' Telephone Co., Bellevue, Ohio—Pre- Northern The New York • cf since 1301.-/ New York New Haven & Hartford RR.—Plans Issue— September— , the company directly to residents of Ohio,: principally to shareholders of Star Telephone Co., Ashland, Ohio.—V. 170, p. 477,164 ;y••■•:-.> <•' first capital and 1,436,709 I by 1,703,397 . 5V2?c 1 a, v.. / 7} 12;003 shares already issued and outstanding. '124.461 7,708,832 9,559,341 3,154,406 1300. p. $903,044 and trading -privileges to a fully t>- 1807:;" ■ >.■ .'V'-"' "'■•"■v"'' The; directois 1,193,796 i ningharh & Co., Cleveland, 1946 5% first payable cn Doc. 12, 1949, to stockholders of record Nov. 17, 1949, and(the;;second payable 011 June 12, 195Q, to stockholders of rec¬ ord May 17, 1650. It was stated that of each dividend declared -,75 30,504,859 155,389 18,636,520 1,379,523 appropriations-^-' Northern , •' 1947 and the * 98,431 ■'<£\ .<' v ,Ualance.of,. income.—. —v. i7o, p. 1399. Total 9 Mos. j" preferred ^ <The)r Pennroad Corp.—Declares $1 in Dividends— 167,026 > 152,989 debt!— Net income.— Skg. ;and res. funds— Misc. the , first 170, assets Fa., 29,311,063 851,899 ____ fir1 appropriations 1,960,000 redeemable share _I_—' Pemi Co. • .743,409 V income—_____ +•; Q, * Edward v ; Income >,y ■ Co.—Listing— outstanding cents Earnings— 591,021 7,657,041 inccmc— oper. $1,012,^24- 1194. p preferred stocks were admitted to dealings Exchange on-Nov. "7.-• At ■ the same time the Curb preferred common (net). income- oper. ry, Total Int. : : •; ,■■. ,. 170, first" income 19,867,012 514,227 ry. tax accruals : " $1,133,598 215,064 railway,---" railway 31,246 92,284,373 Net V 479,340 from Net $1,074,296 ;stpck, both payable Dec. 1 • to holders of- record Nov/ 16.' Previously: the company pakD20 cents per share each quarter on the 88,543,606 Ffy $0.50 on 1.12 '1948 . $950,375 income,— $203,791 31,246 ferred ■ 117,508,914 .$0:56 earnings 3rd Quar. - , 1.20 1949 • 178,601 811,tOD preferred, '5% York dividend, of 1949—9 Mos.- -1948 10,410,279 $1,102,042 $0.50 2nd Quar ; \ .172,000 $595,231 "If - v , Stuyvesgnt Peabody, Jr., President, on Nov. 7 stated that the company's six months'statement ended Oct. 31 will show ; a smell loss due. to the "prolonged miners' strike. The directors-hgve_ declared a dividend for the-second -quarter of io cents per .share op the common stock, and the regular 688.158 ., Ry.—Earnings— 1949—Month—1948 ferred Stock Offered-r-Lawrence. Cook - 877,435. 211,100 161,375 769,300 • Peabody Coal Co.—To Show Small Loss—Reduces : 5,887,563 1,041,821 16,239,236 Other nine New Orleans & Northeastern RR.September— $2,880,7€9 326,779 56,952 1,034,121 51,866 of ; the profit'made "during the first 6 months applied'to; the reduction of debt.—V. 166, p. 1688. ; 6,440,994 8,548,492 Joint -facil. $0.88 compare . .93 $3,070,339 , 17,283 . 9,981,153 1 " $1,732,535 $0.50 — the 1st Quar. 1949. $759,522 $912,912 , J; *All 91,696 follows: as $2,359,733 / 21,027 ;i" ;• > Shares 1 revenues r-\ outstanding ': 1 ' share per stock 73,797 $268,336 first Period— Net 1300. Equip, .rents (net) (Cr)_ taxes (except income taxes in 1949 and 1948), deprecia¬ and other operating expenses. (Deducted in 1947 operating profit.- (Loss. / ; ' similar period of $2,996,542 Dr21,196 . unlisted, w $647,585 expenses!—\ <>' $1,102,042 depletion, from under help factory with cellophane a 1949—9 Mos.—1948 $780,718 10,999 taxes-. redeemable first Total 1947 150,707 oper. Net 250,000 $1.12 ^.15 • Olin information, 1949—3 Mos.—1948 $901,913 loss New Payroll oper. Ry. t $0.21 -./>■ * license technical (# Wholly-Owned Subs.)—Earnings Sales Divs, third » ■ However, company alleging Payne Cutlery Corp., Newark, N. J.- -Earnings, etc.-^- s t i : h Ry, 3.70,926 $1,982,535 .".250,000 Cr99^450 for divs. situation a "Under normal an Net" income' per $740,5,74 7,567,563 1,889,574 • yi.IJfirj Income avaii. of Port's capacity. to agrees full 350,365 Exchange.—V. *' Ry. $709,022 , 24,936 $309,056 Prov. for inc. taxes (est.) du dis- be ' 232,658 • railway-a— / 6,530,912 railway.1,287,436 $ 457,252 $1,598,683 306,858) etc.) income of eight-machine 33,000,000 pounds of some and debs. income 5io from < income --.1 investmentsl-l' from division additional Pont build Total liabilities $855,818 > 54,888 oper. Period End. Sept. 30— - 268,247 Operating of 1_ .x-. A the on .*>, Norfolk & Western 125,326 $495,943 Proceeds from pats., du Pacific Gas & Electric series $1,309,194 Non-recurring losses Inc. built supply and earnings The par . 1—.. )" income •Deficit.—V. 170, p. r 1946 •>.- $1,851,681 from ry. ' " railway,*-- V $769,398 oper. from Net Subs.)-'Earnings-— 1949 $405,675 exps. involving . cellophane "On devaluation of Canadian currency.—V. t ; made railway.v 162,829- From Jan. -;*•, . from Net production year oper._ admin, Olin, capacity notes" Net ,'L' :--v York, this class A stock will Southern Ry.—Earnings— September— Gross T feet. income from ' -for Total Norfolk ;; , Net New Prov. the 5%* sei-ies A Niagara Hudson Power .CarpoIn-the ratio of four Niagara Mohawk class A shares in exchange for each Niagara Hudson first preferred share and 3 9/t0ths shares of Niagara Mohawk class A stock in exchange for each Niagara Hudson second preferred stock, series A t Xv eX; *1.' for has • With site/ design ..•Unrealized dealings V','.- for 31, the Association reports electric output 72.748.000 feet plant Int." oh tributed to holders of-the 5% series-first preferred and and series B second- preferred stocks of 67,160,671 kwh. This is a decrease of 234,094 kwh., or 0.35%" below production of 67,395,365 kwh. for the corresponding month a year ago. Gas j • " contract cellophane / patents, estimated •,\! that I' output 2.57 or - Exchange f / of ■« the have Depreciation' Pursuant to Niagara Hudson Power Corporation's second amended plan under the Public Utility Holding Company Act of 1935, approved l>y the SEC on Aug.-25, 1949, and on Nov. 4 by the U. S. District Court - reports of this that market. on >. Association—Output-£- r. Oct. < the its• Total 1806. p. would __ 293,000 York.—V* 170, ; ago. POnt before depreciation Other income (net)_»^_ are serve. 890,000 .electric of •Period End. Sept. 30— Gain from operations company will 'company class A stock . For the du Oxford Paper Co; by the SEC which endorsed the plan last agreed to minor changes demanded by ■ terms it 7 year, assist in training • personnel and putting the plant into com¬ mercial operation. Olin -pays a fixed fee for plant design and con¬ struction and for licenses and know-how.-W. 169, p. 2532. • • * „ corresponding week a year ago. .Gas output for the Nov. - 4' week is reported at 166,940,000 cubic feet. Tills is a decrease of sj'i-'V."Z '.I-V'-.' / //, 10,911,000 cubio feet, or 6.13% : below jj- '.or seriesrB. ; production of : 177.851,000 cubic feet for the corresponding week a VSee also Niagara Hudson Power Corp, in V. 170, p..1806. year all Court at Albany Nov.' 1 plan filed by the- corpora¬ Holding Company Act. 1 , head it field.". District dissolution Public requested the • The NeW York Curb Off 10.5%— 1949—10 Mos.—1948 Association increase an 593,040 $2,201,214 $2,439,327 Niagara Mohawk Power Corp.—Listing— < t " /, New England Gas & Electric For was after new gas open $5,270,666 $42,294,579 $42,183,401 :>./• ... 523,152 $1,510,582 Federal and the commission. The 1398. 1949—Month—1948 ,< ____ in with on cellophane » distribute Nov. be pick Foley to move on filed suit against the already controlled so large a percentage of the market as guilty of monopoly. This being the case, we did not feel war¬ ranted in spending the 'Stockholders' money in expansion in this repaid. •'* ; ■ will be named Niagara Mohawk power Corp., and is expected to be Incorporated as oMJan. 1, 1950, according to an announcement by Earle J. Machold, Niagara Hudson President. - . action The October when. Weirton's T. a announced to make Investment. minimum Cellophane— (Inc.),' in Department-of-Justice that 1 In consolidation standing: bank stationary established Neisner Brothers, Inc.—October Sales Sales-?.—i the 48,546 ... . The plan provides that Niagara's three principal operating sub¬ sidiaries—Buffalo Niagara -Electric Corp., Central New York Power Corp. and New York Power & Light Corp.—will be merged into a single operating "company. The final step in the plan calls for dissolutipn of Niagara Hudson as a utility holding company as soon as its out- to . 12 the Co. - was which during, the month.-—V. $2,390,781 v $2,724,366 Approved by Court— & production, Industries,-Inc.t Kurtsman, circumstances ; compliance The ...» • James in August of V was March was tons. $2,732,716 Z>r8,350 441,443 $l,687jl36 887. > p. Judge tion (In¬ because 170, approved all an output of 200,379 tons of ingots,, it by Thomas E. Millsop, President of Weirton. 182,772 furnaces * policy production month 4,491,663 $1,952,025 285,366. Nemours rayon department, said-the deal "promises the easing that has bothered all concerned for several years." "There has been a shortage of cellophane," he said. .Niagara Hudson Power Corp.—Plan for Consolidation with 2, recoid was above quarters steel ,_r:. $2,072,502 and Dissolution World's Record— for income... de cellophane $20,000,000 an $3.05 and ' record Co. Nov. on " hearth in the * Pont of Arlington to income...^-— ' 2,230,842 $5.01 expenses depreciation -for preceding Subsidiary Establishes New A 5,140,000 replacements, not deductible for income Chairman,1 Weir, charges tinued in iron 8,745,000 '■ Ernest special Dtl, 229 Income deductions 314,285 " separately $2,500,000 - purposes. was 314,285 general and du . $4.09 * shown of. property income $1,953,254 Net 3,574,312 2,453,900.- 2,230,817 per increased cost A - • 15,373,192 8,935,000 deducting cost of sales, selling cludes ; special ■'•« 1947 : • $25,607,877 $15,831,437 5,507,111 " 314,285 income.. on V* a 1,018,612 4,443,346 , income^—$10;047,905 $11,175,400 '$6,802,840 No.- of shares "Net taxes 3,334,216- $2,095,881 Gross I. licensed-Olin 877,344 . 1948 " operations and in' " from int. and divs.-i/i./Li: $24,804,301 / 956,155' 580,682 3,352,969 • incoine.c.^.,.^.^ I, Dr23,379 Other , Three Months Ended Sept. 30—, \ E. ownership ■ 860,761 : 750,049 t.jj Operating » Prov. 652,538 • • (& Subs.)—Earnings— •Income'- from OHn Industries, Inc.—Licensed for - 1949—12 Mos.—1948 . ' come • In- through National Steel Corp. *- (1917) ' l-_. Depreciation •' was CHRONICLE $14,594,791 $12,600,604 $19,246,005 $16,880,459 7,262,985 5,673,665 9,606,625 7,511,524 490,036 406,249 646,402 590,535 Operation r. with ' notification FINANCIAL 1949—9 Mos.—1948 revenues , ■Files & Niagara Falls Power Co. (& Subs.)—Earnings— 1949—10 Mos.—1948 , COMMERCIAL that all for" redemption, of are , the outstanding debentures, presently convertible with¬ premium into shares of capital stock of the company on the basis , of share of capital stock for each $100 principal amount of deben¬ on« the debentures now being business on Dec, 12, 1949. The redemption price in effect on Dec. 12, 1949, Is 103 plus accrued Interest to that date. The market price of the company's capital stock at the close of business on Nov. 4 was $117.25 and of the deben¬ So. "There The 3h&t6S . V. earnings of Peoples Gas were $6,378,578, or $9.64 per months ended Sept. 30, 1949, and $11.76 per share "Consolidated share for nine the Dec. 1949."—V. 20. 170, Judge John The Permanente Metals Corp.—To Change Its .Name— It > announced was on change the nume of this has 31, share into Co. 1949. of is stock this P. Bessemer Lake & L. Erie has RR. of $1.50 RR. Co.— National It Hampshire plan the was last advanced one for and liabilities The Nov. 8 that the directors have voted to corporation to Kaiser Aluminum & Chemical about at into got full number a is In of 170, hand-made declared the usual quarterly dividend of 30 per share payable Nov. 30 to stockholders of record Nov. 15, This brings payments in 1949 to $1.50 per share,-as compared 56 cents in cash and one share of Kaiser-Frazer Corp. stock for 20 shares of Permanente stock owned. Henry Kaiser, President, advised the board that November minum orders are headed for a record and October shipments also board in the company's history.—V. 170, p. largest for any month the Portland cents 1949. with each on common shares of automobiles weie 12 Months Ended Sept. ' .'at1] 170, figures.—V. ' , Depreciation *1948 $941,519 1947 $882,519 — $9.12 $4.81 $4.74 General Puerto 8ales The l •- and reported kwh. or '■/' ' '■ \ v.!' i '*/■ '-V-1; V" and 1948 96,522 41,474 V. : 12 Months Ended Sept. 30— Sales—Electric (thousand kwh.).— ft.) income—™ — , utility Operating expenses services.. Provision income Federal taxes Federal Other 58,670,067 11,433,751 of net per and 15,118,962 $103,598 2,789 3,065 $106,663 ./ —t——— 2,323,106 ——— - Other taxes— from Income income utility —— 31,631 income ____ ^ «,.. „ $79,610 shares 750 by services.. 4,609,035 31,149,093 644,698 Net Bank & Trust 1949, its of Co., receive 4.70% York, New tenders Preferred Shares— income charges Jk ,L . 31,793,791 earnings for N. the Y„ sale will until the to Dividends 9,792,640 on on ; 1949 Amount 22,001,151 1948 retained business in 2,993,775 Water . outstanding —V. 170, 802,990 10,698,864 at Sept, 30)— 1 f < . <1 . $1.60 the The Fidelity-Philadelphia Trust Co., Philadelphia, Pa., will until 12 o'clock • tenders for exhaust to trustee, noon 135 on So. Dec. Broad 15, Street, 1949, receive the 3% -6% gage sale to it as of Jan. 1, 1950, of consolidated mort¬ bonds, series A, due Jan. 1, 2039, to an amount sufficient the sum of $150,052, at prices not to exceed their face a mount.- • 22,000,000 9,870,703 12,874,398 35,347,875 5,892,304 5,669,922 5,892,304 29.812,788 5,669,922 $1.60 $2.19 $5.78 $5.03 Associated Cost Oil Co. below.—V. and the in ; indicated in $1.40 his report to the part:' in out of line feel in the in stands now price, and if the normal at price of The trustees voting Jan. have for the preferred and to determined There income Dec. 2, 1949, a 'surplus' to '' .•.-r-;..'.>)Dec. on will 20 common vote on • the stockholders also of will be asked to increase the terminate the stocks common voting trust of this agreement 2, to ex¬ certifi¬ stock, a quarterly payable with 25 lative preferred stock The of 15,000 voting power of said Federal Net 175,000 preferred shares Period End. Sept. 30— '» , ' "• •* 1 Gross ■ - " $ income Purchases crude petroleum other , of (oth. ■; taxes eral Prov. than Prov. for — Federal income on ^0 Net 47,352,442 178,228,073 129,322,992 No. 35,227,582 91,383,481 3,500,000 11,734,780 10,274,445 33,957,637 31,379,863 3,313,334 5,443,100 12,099,734 19,221,490 32,684,666 *55,702,772 6,045,551 6,047,240 6 045,255 $3.18 $5.40 $9.21 694. Pioneer Service & Engineering A' -M°r.ri;:,on> of ' — loss • sale on of property this 7°. Manager of the Secretarial company, died on Nov. 3 after a and Treasury brief illness. _On Nov. 7 the directors declared a year-end extra ,•35 cents per share and a regular quarterly dividend of on the common dividend 20 cents of per stock, both payable Dec. 12 to holders of total of 80 cents paid in 1949, including 15 cents per share in each of the three preceding quarters A total of 75 cents (including 15 cents extra on Dec. 13) was disbursed in 1948. • „ This makes tors voted addition a regular quarterly payment employees' retirement income plan. amount to .'■■■' Inc.—Registers With >Vv 20 common shares held of record Nov. Proceeds that its period the of financing additions construction ending Dec. will and be used to 1952 will for the in pay improvements. expenditures 31, Chemical Co. Period End. Sept. 30— sales (excl. of inter¬ to of sales) sales (excl. The part the cost —V. for reserve plant replacement of one-half before Other above.—V. Co.—Earnings— Sept. 30— 1949—3 Mos.—1943 $44,500,050 1,313,453 2,959,196 4,022,132 397,806 437,586 397,806 $2.90 $3.30 $6.76 $10.11 ' 170, p. 890. He will - , .. concerned is to of one combination new the and screen his largest storm manufacturers approximately The into the trust direc¬ fund'of the total quarterly profit-sharine $299,000.—V. 170 p 1703 Deprec. State and 7,565,528 Mr. Linebaugh San Antonio Uvalde & Gulf ' 160, p. 2188. from Net ry. income oper. Gross from Net from Net ry. * 1947 1946 $253,774 $178,733 *25,117 153 *64,221 *130,380 *58,212 *112,123 2,550,581 2,405,309 2,274,188 *69,354 railway.—_ 2,639,441 railway 264,433 income... oper. Deficit.—V. 87,192 65,643 38,299 *592,333 *509,540 *474,628 r *348,614 • 170, p. 1402. Co.—Earnings— Years Ended Aug. 31— Total operating 1949 revenues 12,831,726 Maintenance and repairs $1,075,435 $4,867,538 $4,698,872 75,174 59,210 158,668 207,650 $1,134,645 345,451 329,636 profit—— Capital Earnings shares per outstdg. share $5,026,206 1,134,954 $4,906,522 r» 1,083,034 46,250 17,300 118,750 104,300 588,250 —V. 170, p. 1638. 1 292,250 1,559,250 1,406,500 $£49,592 $495,459 627,305 927.305 $0.92 $0.53 . 9,281,146 1,563,195 1,385,700 1,055,728 2,379,123 2,097,635 1,941,245 (other than Federal income). Federal taxes on income 2,480,750 951,000 1,951,950 1,229,000 1,155,000 $2,939,566 $3,138,477 $3,224,281 5,431 8,225 4,576 $2,944,997 $3,146,702 $3,228,858 ... Net operating income— Other income Gross income Total Net income deductions 1,713,112 797,860 1,221,291 1,700,449 $2,147,137 income $1,925,411 $1,528,408 surplus, beginning of period- 3,250,356 2,879,944 2,726,534 $5,397,493 ——! $4,805,355 $4,254,943 471,750 ; — 375,000 375,000 1,450,000 • 1,180,000 1,000,000. *Discount and expenses 88,117 1349—9 Mos.—1948 $1,754,369 $1,829,543 1947 11,804,027 Depreciation and amortization Taxes Common dividends (& Subs.)—Earnings 1948 $23,145,360 $21,606,789 $18,770,514 _ Operation *In of BANK needs cumulative CREDIT in needed, of $2,213,251.! $2,312,688 927,305' $2.39 -327,305 $2.49 the either stock or time in effective, will for in the bank will the bonds, BEING to become month of likely to sells its proposed approval.—V. to 170, the p. available October, range next which will be The submitted be effected that to syndicate a be $2,879,943 of 300,000 value. par construction meet Therefore, with 1949, $2o ARRANGED—Directors can loans. will $3,250,355 April, series, best borrowings, company 1950. be in financing agreement financing that keting mission an beginning sale 1950 necessary and early $8,000,000 temproary anticipated and $8,000,000 through negotiated credit this 1949 $3,387,627 issuance preferred stock, 4J/2% OP the that late basis, porary a with connection repaid when Net Mer¬ 986. 1948 San Diego Gas & Electric 27,326,319 3,481,723 . p. $233,491 Preferred dividends 23,792,200 3,699,534 tax 170, RR.—Earnings— railway $234,988 railway—u *16,883 \ Total surplus 8,253,569 1,181,509 tax— income distributors Appliance was Co.—V. 1949 . from Net 170, and 1,230,019 depletion— income Federal and windows. association, September— shares .income V Linebaugh has been appointed Assistant to the President. primarily with sales management for the com¬ be which pany, being Total 1949—9 Mos.—1948 $37,026,837 1,269,500 437,586 (F. C.) Russell Co.—New Official Elected— $10,549,916 $10,510,513 $32,359,271 $35,506,915 income———. $3.72 reserves Earned surplus, Aug. 1__. profits 193,676 V\' outstanding share per determined Operating 225,000 $1,464,656 $6.23 ' 225,000 193,676 s; year $55,300,000.—V. of deprec. and depletion) Sell., adm. and gen. exps. $1,689,656. $981,254 f' $14,518,974 $15,038,141 Harold R. of estimates company three approximate 1949—3 Mos.—1948 — 1,035,000 $1,206,254 earnings share per Earnings Net company 24,787 849,686 sales Earned Dow 122,100 20,700 - taxes. profit—.—_ Capital shares outstdg- Pyrene Manufacturing Co.—Suit Settled— See 60,0-34 200,000 Net 1807. p. 1948 : 170, p. 402. Net 25, 1949. a At the same meeting the board voted the 16th straight quarterly wage-and-salary dividend" of 6% of quarterly base pay for most employees, and a year-end extra of another 3%. in payments Indiana, -f. for each • . From Jan. 1— Competitive bidding will determine the dividend rate, subscription price and underwriting terms. Cost ■' record Nov. 28. of ^ of —i_— Ruberoid which 160,000 May Co. paid $13,306,586 $13,881,296 10,839,351 '11.009,753 expense—. . Pitney-Bowes, Inc.—Year-End Extra Dividend, Etc.— Share • per record previously 1949 —— Period End. time. Quaker State Oil Refining Corp. Co.—Obituary er*V. 170, p. 694. >' 1947, of series 375,000 Service construction ^.•Includes profit from sale of investments in the amount of $978,000 '"££othe,,th,™ garter of 1943 and $2,204,000 for the third quarter of 1948.—V. Department initial an company Nov. 7 filed a registration statement with the SEC 142,354 shares of its cumulative preferred stock ($100 par) proposed for sale to common stockholders. Stockholders will be offered the right to subscribe to the new preferred, which is convertible into common, at the rate of one pre¬ 18,385,500 —*10,731,537 Avge. shrs. outstanding6,047,439 per share— $1.77 - to SEC— ferred share §»et proiit ' July, of seeking registration of 33,776,879 108,799,408 1,500,000 , profit. p. in cents of 190,595 shares of Earned —V. Gross The taxes (net)-- 170, authorized for Issue Sold ;stock./from*vl,250,006 250,000 Public • 60,354,140 Fed- for depletion, deprec., devel. costs & retirements !** ' 121,361,373 117,568,356 365,769,518 329,674,608 contingencies. Reserves •r, $ last 40 97,268 •/■"V: and income), and int. for $ ' (inch inventory fluctuations) Oper. and gen. exps., ,/ 1 that at SEC V Sept. 30— est; income Prior approved an increase in the company's to 1,875,000 common, shares, and preferred shares. The company's construction program this year is estimated at $16,000,000, of which $10,800,000 was spent in the first nine months. —V. 170, p. 985. authorized from 1949—9 Mos.—1948 oil, prod, merch. 1949—3 Mos.—1948 sold were stockholders remainder of share . sold earnings Balance of (par $100) for $1,507,000. the the holders to 5 per — Appropriated 1086. Colorado—Preferred constituted shares dividend Dec. cents 170, p. 1500. debt subsidiary Privately—The company, Oct. 13, sold privately to Metro¬ politan Life Insurance Co., 15,000 shares of 4^4% cumu¬ shares Phillips Petroleum Co. (& Subs.)—Earnings— . Service Co. of with be offered at par Greensboro, N. C. $13,209,318 $13,815,262 goods for - preferred stock from one to l'/a votes per share. The company has 46,000 stockholders.—V. 170, p. The ; - . stock, without par, value, from 7,500,000 shares (of which there are outstanding 6,410,000 shares) to 15,000,000 shares, in order to effect a 1%-for-l split-up. :■ • To preserve the relative voting power of the 8% preferred stock, stock declared compares — and are reach v:' vV." proposal to increase the authorized a Public 1950. Holders of voting trust certificates have been requested change their certificates lor the common and preferred stock cates on and after Nov. 23, 1949.—V. 170, p. 1807. ' 1401. p. has reserve transfer ~5:; record its peak decline of materials raw reserve." of notification of — Interest this balance need we will company amounts reached $16,000,000. feel we Split-Up— stockholders additional reserve Since then, due to a of raw materials, the However, is that This reserve. letter a serially 1950-1959, to Oscar Burnett & Co., chandising Buyer of the E. F. Goodrich company 170, Depreciation that, 31, 1948. in the price we balance approving Voting Trust Agreement to Be Terminated— on 293,588 1■ Said 12, have common This sales Other $9,014,575 $2.05 the board, meeting Oct. you Decline* put protection. which The . ^ be Plans Stock . Philadelphia Transportation Co.—Tenders— told March fats further value . , some any $1.70 Price probably $48,000,000 for " — annual we approximately 70% substantially reduced and 9,726,240 stock (on shares Chairman of been 802,990 : 1807. p. ;i; stock ago Inventory would still .... common their of 3,922,979 a at years $3.07 — shares outstanding. common Deupree, for 802,990 11,671,488 6,241,111 stock Earnings per share of 28,750.000 Underwriter, quarter.—V. Total in order to protect the company against tremendously costly price fluctuations, we had set up a 'Reserve 2,750,105 ' 802,990 —. $1 dividend prererenee common Common 650,818 9,400,000 share. 9 Months Ended 1947 $19,737,322 $13,221,916 - share-. common 6,410,000 on jftofckholders 19,147,562 11,963,275 stock—,,—— —————— R. VTwo Shares outstanding at Sept. 30— f 1,477,702 28,106,134 Rotary Electric Steel Co.—Earnings— —_ Richard I,'" $1 common 16,042.610 533,099 income directors on 17. each and (& Subs.)—Earnings Higher— after profit •"Earnings per 7,347,191 . stockholders preferred stock—.— div. pref. common stock on Dividends Dividends , 5,298,637 470,977 $ 555,732,627 553, 871,991 81,618,187 757,194 company — 26,494,753 ' . _ for 1949—9 Mos.- -1948 5,061,953 outstdg interest. Nov. cumulative charges.: $30,597,322 $21,181,916 $29,399,575 U. S. and foreign income taxes-— 10,860,000 7,960,000 10,885,000 Reserve for inventory price decline 9,500,000 25,836,708 658,045 — - other and remaining Subs.)—Earnings— a Tide The 3 Months Ended Sept. 30— Net (net)— debt on Amount beta Rockwell Manufacturing Co.—Dividend Increased— 598. p. Chemical "Based -Interest has or income 27,052 $129,693 — Procter & Gamble Co. 2,057,838 — income—- Gross already have mail, $ The company Nov. 2 filed 5% debentures due and Net 12,444,738 11,756,060 4,890,257 ...— taxes——— local shares the 196,859,351 debt com. Reserve State in Robinson Tag & Label Co., New York—Files— preferred stock, series B, at a price of $100 per share plus accrued and unpaid dividends to the purchase date of Dec. 2, 1949.—V. 170, p. 889, 60,039,126 9,913,040 13,368,454 ———* depreciation—— for 700,000 is more (& $100,000 including Nov. 28, 2,175,503 $ $ 136,953,690 126,656,545 ——.—— Maintenance than more and 155,453,036 23,703,633 (est.) shares See ' $161,325 — _—...—.— deductions The 1948 7,283,015 17,145,842 • , from the 170, p. 792. 24,460 $158,535 Potomac Edison Co.—To Purchase 1949 —7,444,788 17,400,350 2,204,346 E„—— pounds) (thousand Steam notified 1 Richfield Oil Corp.—New Crude Oil Contract— 22,609 48,322 tax.—.— (net) income -V. 170, * Revenues Nov. on 78,774 44,817 ' Net gain a ' CONSOLIDATED INCOME ACCOUNT' „ America Oct. 1, 1949, the plants of the company have been strike and there has been no production or shipments. It appears that anticipation of the strike was responsible for increased orders and production in the last two months of the third quarter.— 454,614 24,123 income Income ' cu. of 1949—3 Mos.—1948 depletion— Fed. Consol. Earns, share (thousand Bank that were operations for Com. $725,531 taxes Gross its to date, a total of 6,300,503,000 kwh. were produced, or of 41,434,000 kwh., or 0.7%, over the same period of 1948. Gas 1 revenue funded on taxes , year t ' the 8,300,000 oper. from closed 1949 --J- UV Utility operating subsidiaries for the week ended Nov. 5, 1949 electric output of 146,691,000 kwh.,,a decrease of 3,147,000 from the corresponding week of last year..-For the and company that Nov. on Deprec. at $23.50 per 396,349 J -—- : income of $ but $768,671 i-w — — Rico * 497. p. Other *' 30— — Dallas. Republic Steel Corp. Co.—Earnings— — Operation Maintenance Philadelphia Electric Co.—Weekly Output— ■* revenues Subs.)— (& 1949 $1,587,963 share common per "Revised Inc. Bank NOTE—Since Porto Rico Gas & Coke 1302. with escrow his Int. (no par) of Period End. Sept. 30— share. The issue has been oversubscribed.—V. 170, p. 1807. alu¬ taxes Sept. 30— Net Income after charges and 9 Months Ended .Earnings Co., Products stock an reorgani¬ Co.—Secondary Offering— Oct. 31 made a secondary offering of 3.000 in the effer, Mr. Myers named the Los Angeles brokerage Barbour, Smith & Co., Fairman & Co. and Harker & Co.-to agents in acquiring the stock. of Reports Electric Blyth & Co., Inc., Operating Dairy Philadelphia General Bank understood as Prov. -The company to H. H. Myers of the deposit of the required with Calif, been deposited in the ecrow pledged.—V. 170, p. 1302. 111. p. Angeles, this 1 stock making firms act Inc. production.—V. in Nov. on outstanding purchaser of the deposit of the necessary two-thirds of the outstanding capital stock, and called upon Mr. Myers and the Dallas bank for the funds with which to pay for the stock under deposit. $2,400,000. produced company never the Los at interest assured was 28, last, Mr. Myers made an offer of $5.50 a share for the 1,049,500 shares of outstanding capital stock, contingent upon the deposit of two-thirds, or 699,666 shares, in escrow by Nov. 8. The offer was backed by a guarantee of $6,000,000 by the Republic agreement E. controjing of On Sept. Knight at Buffalo. New the America close the share one into and of such & B. for of two-thirds with as of terms of exchangeable of 1949. effective the stock 3. company become Under common and Nov. on Dallas, Texas, zation of the company. The only alternative now is bankruptcy. Judge Knight fixed Nov. 28 for what is expected to be the final hearing. An attorney for the trustees told the court that the com¬ pany's current physical assets had been appraised at less than $50,000 1602. p. Monday, November 14, ,1949 -Republic Petroleum Co.—Control Sold- unlisted from A group of New Hampshire dealers reported Nov. 7 that they had "nothing tangible to propose" for reorganization of the corporation. George W, Carruthers of Contoocook, N. H., spokesman for the group, said the Reconstruction Finance Corp. had rejected the group's application for a $3,500,000 loan. He appeared before U. S. District 1949. If 711,786 shares of stock (instead of 661,786) had been outstanding on Sept. 30, 1949, the Adjusted earnings per share for the 12-month period ended on that day would have been $11.04 per share instead of $11.76 as reported. "Since July, 1948, the company has declared dividends on the capital .stock at the annual rate of $6 per share. A quarterly dividend of SI.50 per share is payable Jan. 13, 1950, to stockholders of record 12-month period ended on Sept. 30, for the merging RR. preferred 2803. p. Exchange merger Oct. on each converted 165, of Curb removed was Playboy Motor Car Corp.—Dealer Group Fails to Put Through Reorganization Plan— » . business cumulative presently outstanding 661,786 shares of the company s If all the debentures now being called should be concapital stock there would then be outstanding 711,786 York $50, value par Lake »Erle merger, been New agreement of privilege may be exercised at the company s office, Chicago, 111., or at the Guaranty Trust Co. are into the Bessemer ^capital stock. Verted CHRONICLE Sale stock, common trading on Michigan Ave., York.—Ed J New The of conversion [The FINANCIAL Listing—Merged. tures was $117. 122 & Pittsburgh, Bessemer & Lake Erie RR.-^Removed from - tures, and that the conversion privilege on tailed for redemption expires at the close of Of COMMERCIAL THE (1918) 10 to of be 1949. from issue offered loan end banks have budget a tem¬ there is whereby drawn upon as Interest rates on 2% represented on to 2Va%'.' It is by notes, will be of permanent securities, at some propitious mar¬ agreement, before becoming California Public Utilities Com¬ 793. Volume 170 Number 4855 THE Seaboard Air Line RR.—September. Earnings—Vi;..: "♦ Period End. Sept. 30— Railway Wet oper. oper/ine._ railway Total 1949—Month—-1948 H income •Net income L income surplus if missible 882,103 . 1,063,010 capital 54fr, 287 •• sinking transfd." be to fund fund • shares of income to transfd. be Sales t —V. 170, to 4,326,874 „ -Period End. Oct. 31— Consol. earned —V. 1537. 5493,310 , 1402. V > ' State from from, Net ry. 1949 Net after charges Income taxes Federal Number shares of Earnings : outstanding.. . •• Inventories to of struction and provide capacity well at 275,000 Indiana, feet of square In and new Mr. improvement and Seeger mills remain under $1,939,931 392,349' 1 con- 557,221 .' 16,085,321 4,426.553 4,590,509 3,50§,243 declared. "Prospects for 2,052,028 1,719,392/ 1,033,908 $4,257,746 1,293,899 of . $1,668,671 $3,019,263 . $1.94 $3.40 $5.22 BALANCE SHEET, SEPT. 30 deprec.) !'/ Federal Sundry Funded debt Capital Shares, Inc.—Registration— 1 other' - acci Mrs. 225,000 directors after the stock in is It . been the of exchange expected fixed holders be to Henry W. terms as also W. a the A 3,123,081 1,656,439 "3,325,000 3,550,000 13,465,060 —___. •13,465,060 27,632,849 shares) The of be redeemed additional of group $75 at share per shares of The directors share per the makes of Pharmaceutical Production Lauer, Corp. of America ,v,.V (& same Oct. 29, '49 and Oct. 29, '49 Oct. 30, '48 $2,519,203 $27,739,740 $27,246,405 the as in October, declared 8 total $2 of per dividend directors 15 to dividend been In have declared stockholders disbursements paid 1948 Sept. on total of a of dividend a record for 1949 Nov. to share per of 17, $2.60 15 and 60 cents $3.70 :: > share for the EARNINGS of 40 1949, year cents which ' March on paid.—V. 15 170, and June Net earnings Earnings per ENDED MONTHS SEPT. 1948 • 170, (estimated) Operation v 119,925 17,361 2,799 3,467 Maintenance Depreciation General :■ " 220.888 290,000,000 203,000,000 $6.46 $10.25 39.907 /;> - ■ 70,000 70,000 150,321 share $5,747,344 Operating Other Gross Total Income- income income Net $24,874 for $25,255 deducts.— $240,471 396,554 311,444 529,256 409,903 431.250 412,500 568,750 525,000 246,600 177,000 295,100 193,700 618,030 525,803 816,334 taxes- Operating income $530,192 $386,969 2,824 " $655,059 7,111 7,941 Other income $241,236 196,419 $8,940 income $180,312 $8,553 $44,816 •$15,677 -V. ■M j $389,794 42,475 56,246 $663,000 $494,829 23,479 $333,548 ' '/ $599,670 $503,991 ry. 1948 1947 Definitive June 1, 1968, bonds porary 43 first mortgage are at available now The pipeline Chase for National sinking delivery Eank of fund in 3%■ bonds exchange the City of due for New •Gross from Net ry. tem¬ $263,599 & 3,757 76,964 <'33,774 •5,308 *61,549 13,456 - 2,126,321 5,300 ' 2,728,801 170, p. 1338. 2,430,762 132,393 ir; 2,607,819 113,181 > 213,594 *415,255 > *393,041 c428/377 * income— ' Southern Pacific and certificates, series CC, Banking & Trusts, dividends in connection V. 170.1 p. to be issued trustee, as with the 1704. by the sold and Pennsylvania at procurement of Co. sales —V. 99.131 ' and certain Beptember- 1949 1948 1947 Net ry. railway 158,165,936 railway— 31,593,842 45,183,314 35,688,726 30,107,610 14,825,936 21,553,003 14,998,873 ^ income..,- 182,968,579 162,896,895 58,632,803 " Estimated Gross Earnings— —11 Period— Gross 1 earnings p. 1808. 170, shares of shall the extent The the of one subscription determined be to are have cumulative. pre¬ new 1844. three Vice-Presidents yearly The meeting three will 19 Jan. to Vice-Presidents and George J. Stewart, Members George H. Swift, one of £he $wo are founder; and that the M. B. A. F. Brainard. Hunt, 247;^ 'J* Gas Transmission President who retired ./ . the year . V* * ' of tyst Co.—Secondary Offering was oversubscribed.—V. 170, p. 1438. Subs.)—Earnings—Dividends— In per to 75 9, 1949. share, 169, as 1948.—V. p. • per This against brings $3 of share, in > . which • quarterly a stockholders cents of Nov. 1947 <j»- 'k record payable cash dividend No\*. Dec. '9:, 15 dividends total and $6.97 2,/a'/» in of $1 per and 1949, an stockholders to paid to restored was , 78,396,388 $8.44 v ' reserve ' declared 28 ' ' *' V {£ " 94,513,729*113,617,147 special inventory Oct. 1948 *' -•* U •$•'< _ $6.85 1948. on payable Jan. 3 dividend record 1949 v taxes_ this year stock to disbursed 2534. Texas Gas Transmission Corp.—Secondary Offering— A secondary offering of 5,000 shares of common stock (par $5) was made Oct. 28 by Blyth & Co., Inc., at $15.75 per share. The issue has been oversubscribed.—V. 170, p. 794. v. \\ ,, ; , .. additional shares common 1948 1947 1946£ $241,731 $213,076 $215,333 90,853 19,666 72,565 ry. 30.609 *34,620 18,131 90,634 57,709 2,321,970 2,396,303 2,186,921 1,861,406 849,349 874,840 938,673 536,339 368,999 276,859 452,832 223,748 railway railway oper. income From Jan. 1— from from Net ,/; 1949 $232,205 from from ry. railway railway oper. income— 170, p. 1438. under Exchange Act'of 1934, which are to be issued in ex¬ the common and preferred shares of John Puhl " Of the common and Co, shares, will 34,500 1,500 shares for deliverable be the all 500 exchange In preferred shares.- $6,715,663 - ' 1948 , Jan. 1 to Oct. 31 1949 1948 $8,916,860 $235,469,354 $272,792,659 ■ U. Dividend— Declares Extra The directors share the and Nov. Nov. on the common 1, 18. t ' ' J from stock, dividend quarterly both payable dividend extra an last year.—V. distribution Dec. 170, p. like of to was per share record Net from Dec. Net ry. of made on ■ * ' ' : ■ :"r'. ' On shares Nov. of Kenneth 4 a letter common Baxter) of notification stock, to Philadelphia, 170/p. 247; be sold was at through filed with market H. M, the 1946 $8,139,087 2,454,934 1,732,956 1.230,339 908,597 1,567,831 1,437,707 87,895,246 95,304,194 83,384,372 22,771,372 25,914,516 25,880,984 76,157,635 14,825,986 9,290,591 income™ Gross from railway railway, oper. 170, p. Income 10,760,683 10,619,058 10,377,462 1339. . for 3,600 by C. $3V2) ifc Co., 1947 $9,363,317 3,033,585 Texas & Pacific Ry.—Trustee SEC (about Byllesby 1948 3,610,760 $10,594,223 $10,752,555 railway From. Jan. 1— —V. i RR.—Earnings-^1949 railway,; oper. cents 1338. * ry. 25 of 50 cents holders of 1 amount from Net , declared 3 regular extra An delphia.—V. . September— Gross Sterling Motor Truck Co., Inc.—Filing— \ Days End. Oct. 31 1949 Texas & New Orleans all •"» —V, share, Gross . ' - the to . held. stock retire. Smith retire the $6,000,000 later Net 12,857,404 oper. will of directors Net on from for Puhl per From Jan. 1— from stock 34,000 1949, to 170, p. 9 at will «• a Net 1949—8 Mos.—1948 . 1946 railway—_ $17,273,844 $20,272,246 $17,701,519 $17,945,152 from railway— 4,088,303 4,762.598 3,624.439 4,048,716 ry. oper. income— 2,089,800 2,333,054 1,493,037 1,874,974 Gross : has registered 36,000 company Products from Net 1538. Securities change for Net C. Insurance, Co., 'Deficit.—V. The by supplied payable , Southern Ry.—Earnings— Ntft Paul who sons Nov. on who /_/, '1 • 'After $8,799,553 $11,250,025 $973,147 - Sterling Drug, Inc.—Acquisition, Etc.— . value, par preferred new directorships Co., Inc. The issue Net equipment.— accrued for common the announced for board Gross for the Gross 170, p. 1949—Month—1948 - $1,388,067 — — be be Texas Mexican Ry.—Earnings— Stores, Inc.—Oct. Sales Increase— Period End. Oct. 31— Net 21, days, 16 $100 of shares of of Nov. of September— Co.—Equipment Trust Certificates— ICC on Nov. 2 authorized the company to assume obligation liability in respect of not exceeding $15,780,000 equipment-trust will consider creating $100 par value. - of * record period a directors Brandt, Life earnings / York, Sterchi Bros. ' to are sale *293,415 V " Exchange Place, New York, N. Y.—V. 170, p. 1704. Te , railway—— railway—, oper. 57,283 his of : - terms the of Nine Months Ended Sept. 30— ,$321,538 49,759 income— •Deficit.—V. • . from Net all 1946 $29 7,891 12,927 From Jan. 1— Ready— sell to secondary offering of 3,500 shares of common stock (par $5) was made Oct. 28 at $25% per share by Blyth $3.75 1949 railway—; railway oper. of holdings of —A In $223,934 from Net Southern Natural Gas Co.—Definitive Bonds F. the extra September— from >* ' 62,297 holdings her proposes will 18 stock for 10 Tennessee $532,471 63,330 . Staten Island Rapid Transit Ry.—Earnings— Net his of all of • a| Vice-Presiderit.-Mr.-! 170, p; of 195,990 / y Nov. on terms three J. 3,755 599. p. ' ; •Deficit.—V. 169, p. 1998. $537 304 deductions income 170, out sale of Director, proceeds profit after charges and Earnings per share.^ Gross Income— each the company succeed $528,716 754 $24,874 16,314 shares the Net Gross ' 685,406 2,882,844 deprec. of Total income V ' underwriting the (convertible) Texas Co. (& $179,558 765 ; • and common be .nominated The 16,320 -——■ the of Swift & Co.—To Nominate Three New Directors— * 8,900 $25,255 income and President, Chairman " shortly before the offering is made.—V. $5,217,209 2,874,483 2,103,755 taxes Net J 41,797 another r of subscribe, and Aetna r..c :• 2,123,462 plant income of remaining 'V 'V;V 1949—12 Mos.—1948 $4,346,089 ': $3,917,472 ____ —-u for utility 1949—9 Mos.—1948 electric Maintenance Provision Corp.H-Earnings— 134,147 . sell proposes price None stock price are ll to ferred of expenses 47,833 - par). stockholders $7.43 — 241,293 5,833 11.858 8,900 : income taxes—_ $672,831 : elected company. The •> 1537. p. revs., Federal 10.816 5,833 taxes Federal $730,488 ($1 cumulative preferred stock, right 30 195,000,000 share Operating 1949—12 Mos .—1948 , •$62,352 to Jopp, shares. Holders . $74,571 Vice-President been named by eight individuals, and is to be offered for McDowell & Co. and Baker, Simonds & Co., Daniel-A. Greene; ■ Vice-President, Treasurer and new fa ' 1949—Month—1948 revenues- has been Sutherland Paper Co.—Plans Preferred Issue—Rights Consolidated Water Co., Inc.—Earnings— Period End. Aug. 31— Operating Executive ha3 A. these, offering issuing 1947 ■♦bUi 15. 1808. p. NINE $ Period End. Sept. 30— share, payable brings total 40 cents having Of proposes 7,980 1338. p. stock owned George amendment. the Is is Percy: W. The *., This share, per each was per been who 2215. p. common stock Detroit. to dividend k Operating $1 1949. FOR //////;..:,;/1949 , ( Other South Bay . extra an on Oct. 28 declared a cash dividend of $2.50 per share capital stock, payable Dec. 12 to holders of record Nov. 9. The previous payment made on June 10, last, was, $1.50 per share in cash and 2% in stock/ On both June 10 and Dec. 9, 1948, distributions of $1 per share in cash and 2'/2% in stock were made. •/■'■/ Simonds Saw & Steel Cd.—$1 Distribution— The has Committee, holdings of 41,782 shares of the stock, while Clara M. Jones of Pitts¬ burgh,: Pa., proposes to-sell all of her holdings of 23,408 shares. The number of shares to be sold by the other four ranges from 3,000 shares :/•: paid in 1948.—V. 170, Staten Island Edison Dec. 166, through shares. - the 1949, ... who Executive shares, and his wife The directors —V. The company had 336 retail units in operation compared with 334 a year earlier.—V. 170, p. 1537. Murphy, the The Subs.)— —10 Months Ended-r- Oct. 30. '48 $2,533,370 M. of Director, Standard Oil CQ, (New Jersey)—Larger Cash Dividqnd on ■ Relations, Wholly-Owned Month Ended Sales $53,009,439 usual total a CONSOLIDATED Shoe . $55,195,059 _ quarterly dividend of like amount on the stock, both payable Dec. 5 to holders of record Nov. 23, 1949. common This Nov. on and • non- r:;'-v Director W. n Declares 40-Cent Extra Dividend— through the Jr., Director of Industrial Vice-Presidents.—V. 170, p, 1537. elected — //■'•" ■/" offering stock. exchange which have not yet present preference stock¬ unexchanged shares up .to an any Elsie outstanding Aug.- 30, 1949, the company announced that a contract had been let for a soybean solvent extraction plant to replace its present expeller capacity. The new plant is scheduled for completion in July, 1950. .;;k- ■ • //'/•,; / : //•:■'">' :/ ' may of $42,725), $473,977; Inventories $1,453,811;" deposits with mutual market), or corporation, manufacturer of seat spring and back spring as¬ semblies for trucks, passenger cars and buses, Nov. 7 filed a. registration statement with the 8EC seeking registration of 183,339 shares of Its .5,051,033 •1,494,811 30,833,128 i — NOTE—On preferred preference cost The encourage that will proposed nonconvertible new series issue. Gadsden, and of to underwriting preferred Engineering, have been the and the approved of year outstanding determined an convertible tentatively the such exchange to sale be 4 new for that will to amount the first Nov. on of tion Statement Filed With SEC— > 170, certificate which Stubnitz Green Spring Corp., Adrian, Mich.—Registra¬ v 1,590,686 income: on SEC : Sharp & Dohme, Inc.—Plans Redemption of Series A Preference Stock Through Issuance of Non-Convertible Preferred Stock—Two New Vice-Presidents— /.■/.;. The lower Chairman 940,789 ./2,567,351 uals__^___/_/2_J.—. (846,506 surplus Earned •/.. /i;/ $1,697 accounts Changes in Personnel— 319,046 ' ' 225,000 Total 1639. p. uncollectible and for discounts for $25,259; provision for other Federal, State and city taxes, reserve for contingencies, $555,000; capital stock, no par (outstanding, 242,400 shares); $1,616,000; capital surplus, $577,860; earned surplus, $1,007,783; total, $4,223,466. ■;,/ „ i taxes stock Nov. 7, filed a registration statement with the registration of 200,000 shares of Its capital "stock;—V. (including allowance value 21,521,236 1,091,925 payable fund payment Accrued company hand on (after $92,049; 8,024,672 - 28,234,065 —— LIABILITIES— Sinking 31 were $19,187,634 and Selected American The and trade interest), 1948 9,261,725 • for banks payable and accrued liabilities, $134,495; advance payments, $93,820; dividend payable Aug. 9, 1949, provision for Federal Income taxes, current year (less $274,741 U. S. Treasury savings notes, series C and D, at cost plus accrued $10,999,054 $16,671,230 5,262,863 5,532,466 i reserve in representing entire assets of inactive subsidiary), $711,382; LIABILITIES—Accounts sale seeking $1.52 SHEET, JUNE 30, 1949 $55,195,059 $53,009,439 Accounts / $1.89 150,000 surplus_i_i_____ customers' /> . 1949 - 345,427 $7,561,164. At the end of the preceding year, and liabilities $9,709,068.—V. 170, p. 793, J; were $20,787,847 to — receivable, Board.—V, /v / $368,001 : $121,200; Total situations $513,001 $457,276 contingencies^— succeeding Sylvan I. Stroock, are strike for Insurance shares. — charges 23,725 334,000 companies, $48,310; advance to employee against group life policy assigned to the company, $3,000; land, buildings, machinery, equipment, etc. (after allowance for depreciation of $1,* 216,292), $1,521,114; prepaid insurance, $11,872; total, $4,223,466. $4,561,072 $1.15 , receivable Deferred 300,000 insurance 781,084 2,765,000 $1,023,433 (less 34,845 34,200 . 19,710 tax— share per the (at . 995,687 1,778,000 assets assets income transferred deposit prove $9,832,967 $12,179,719 4,040,017 4,072,563 272,176 — Permanent how long the steel " closed. liabilities were months coal on Federal reserved j accounts 1,023,000 CONSOLIDATED Inventories 28,950 Income Earnings 754,405 - 628,000 : " $944,771 34,257 , . 31,359 $457,276 for Balance 1949—9 Mos.—1948 1,426,545 common Cash $86-2,912 $840,193 — BALANCE 1949—3 Mos.—1948 . share, 846,506 re¬ coming the showing Net ; 1,941,717 (est.)— com. on 425,614 , $787,711 52,482 t 1438. p. 1— per Accounts 458,839^ • .13,959,937 394,640 profit tBased Other warehousing The building, is Provision $1,288,526 638,828 19,119,727 $3,472,618 tax - building new needed already program Total current assets of the company at Aug. assets well This 1950. However, he added, the steel and become serious to the company, depending current is additional as expansion sults," Evansville, at gratifying." may 170, ASSETS—- improvement program showed marked prog- ' months," he continued. "A new building ad-' is expected early 1946' , manufacturing space." approximately $1,500,000, will house 55,000 household refrig¬ one time, he added. at Net and completion some> as "Our $1,958,327 315,869 348,546-*r-*81,316'^122,468 — inc. tEarns. - at the close of the preceding year were at Aug. 31, 1949, putting the company in a it entered the new year, Mr. Seeger said. ress during the past 12 Joining our present plant erators $2,469,010, ; Amount earnings Federal ; for pens, and retire benefit plan payments Provision for group Insurance plan payments^- 18,315,876 Depreciation $3.25 $10,579,931 as modernization valued 1 1947 68,676' $t,246v550 sales— on $1,427,092 69,890 70,595 . —— income / 79.918 taxes_-i_i.^i:_i__i.'i Prov. Staley Mfg. Co. (& Subs.)—Earnings— $3,847,444 healthy position will ' income oper. Expenses V • .. "Our ry. ■ j 1949;. profit income ' Discount v ■'? ' a tlistory. Operating Other - profit von sales_____ > _____: general, administrative-expenses, ctc.r. Selling! 1949—10 Mos.—1948 /< ■■, ■ l _ Property and social security ;;' -• ri »•>•'*• sales—$1,397,063 Depreciation with•> con- / s profit- OU- ASSETS—Cash 1,100,060 .. $3.79 $2,560,130 • _ (A. E.) drop in the refrigeration appliance industry generally, this' company in the year ended Aug. 31, 1949, showed an increase of more than 11% in sales over the preceding year, Walter G. Seeger, President, sgid. Both sales and earnings were the highest in the company's reduced connection 1948 -•-641,422 Income Period End. Sept. 30— $3,576,362 1,100,000 > railway. 'Deficit.—V. 1948 $4,178,428 —— share-,;—— per Despite in Ry.—Earnings— 1949 V \ railwayrailway, from $69,155,199 $62,154,289 6,953,428 6,356,362 2,775,000 2,780,000 — : railway oper. Net : & Seattle from Gross profits (recently publicly offered)j From Jan/1— - Gross "• ___ and EndedJtiiiiB'W'-iV'iN Gross 10,000 $13,290,904 $13,577,157 $99,761,199 $104,389,033 September—^ Net Seeger Refrigerator Co.—Sales & Earnings Higher— Wet earnings and. 1438. p. Spokane Portland t '' -h..." 1949—9 Mos.—1948 Years Ended August 31— sales • 1949-^Month—1948 - sales net 170, Net Wet stock incurred (S.) Stroock &• Go., Inc.—Annual Report—4. ; ! the ainount- the -bonds Total 3,429,228 ;// ,/ ... loans of ' 170, p. __iJ_ $202,931,230 $221,967,544 $1,639,128,402 $1,754,648,056 p. $5.50 cumulative preferred Co.—Financing-- bomf> issue-: in a sale (1919):: 11 Gross . Co.—October Sales Decrease— & the ^•iSpieeeli Inc.-October Sales Slightly Off— 1949—Month—1948 ' front CHRONICLE " 8,069,514 Gross Scars, Roebuck place-privately proceeds being used to reduce struction.—V. 170, p. 1537. per¬ After- fixed charges and other deductions.—V. Period End. Oct. 31 FINANCIAL Associated- Telephone plans tp The are made against are surplus if sinking fund and minimum capital fund chgs. are made against income:..: ' ' 2,185,036 of * $1,600,000. & earned maximum and chgs. to 5,686,956 income- Balance of ; 8,701,651,. 11,136,116 760,436 Southwestern The compppy n » other and deductions Balance^- o£ 808,263 - ; ; :1949-r9 Mos.r—1948 $9,966,656 $92,602,966 $99,854,481 1,003,558 *8,018,086' 10,480,358 $8,896,526 revenues. - COMMERCIAL Philai.- The Bankers trustee, ment V, Trust Co., paying agent and- registrar trust certificates, New series G, Appointed— York, N. for due Y„ has $2,500,000 serially Nov. 1,- " *f"1 ' been of appointed 1%% equip¬ 195Q-1959i— 170, p. 1844. ■ • 1 «t*. ,T.V . 12 (1920) THE COMMERCIAL FINANCIAL & CHRONICLE Monday, November 14, 1949 The to time to Power The & loans 000,000 to purpose from Texas it to Texas The Power. Power. Texas in funds the ' • Texas will of funds the to Cost 1 -v."..-< bank Such » ■ together 30, with 1050.—V. treasury 170, funds, which 1704. p. sale . expected is from j, \ - . Miscellaneous other on taxes subsidiaries deductions income (est,i——_ dividend extra declared was 19. Last Dec. year ' Cash surplus dividends »,>•. . Earned 736,000 6,099,984 — 4,879,059 -. • * surplus at --jf,' •.: .■ Sept, 457,788 Tide Water Associated Oil 170, made on this issue to $1.25 per share, ASSETS Nov. ; on 'if SHEET Property, (net)- and plant other for and Jan. together will F, of Humphrey, President, with contract a with meet Tide- the Pacific its five and prices production own dated Corp., period of market Water's announced 10 Oil firm a. Nov. on Richfield the Nov. and (n*et)__—3,767,857 2,766,654 24 hours' notice. approximately the past barrels The Cuyama Valley crude contracted to purchase from than that Mrs. V. 12,800 obtainable Doheny 170, end oil purchases Tide yield taxes & taxes Deferred $485,061 has Co-.," Mr. lrom 1949 1948 $432,678 173,749 railway—— from railway,.—— Net ry. oper. income —V. $403,526 1947 • The 1946 . SEC 93 . 80,898 Net from railway,...!. Net ry. oper. income—_: 1,203,103 1,039,817 '191,750 '374,998 members 506,938 463,158 '365,271 '489,276 170, employees 510,542 - —: $4 320,363 -See Edmund 1,220,768 > Twin City Rapid Transit Co. — President and Seven Directors Yield Control—New Head Elected— year-old struggle for control of this company ended on Nov. 8 resignation of D. J. Strouse, President, and seven of the nine directors, and the election of Charles Green of New York City as the new President. / ; in advance of associates scheduled a du of Pont, the 169, j Period End. and -James A. A. Total decided to yield control of the com-, meeting of stockholders on Dec. 19. of 'Seven of Chicago. Remaining as directors ate Lansing, Mich., and B. A. Eblen of Detroit. Mr. Strouse, Sibald MacDonald, Secretary-Treasurer, * appointed General Secretary; Arnold Alfred In - Sobol, and last his Counsel; J. and yielding place registration a 200,000 United statement Income * the with Fund Shares. Mr, senior New had outstanding partner York The gained $4 of Stock Francis I. Exchange, OF du has Pont been no & the to ALONE 1949—9 Mos.—1948 than that majority a Mr. & Co., for agent New of the Net oper. a 150,000 170, $3,026,459 586,406 529,794 expenses.' 11,857,396 N. shares Y., of taxes 2,206,735 2,174,461 — gas 1 to • 1 $ • ' Net ' 626,436 . . ; * and Net other income chgs... from sources : 6,787,952 ... : 1,238 ' ' - . Net • ' t Amort, corporation estimated above I volume $2,522,638 • 1948 October Federal 1 AND revenues.. was down $2,240,886 $2,621,458 V The air 11% mail from SUBSIDIARY 10.168,568 of The 16,429,487 $1,598,306 470,904 4,358,905 3,781,534 525,677 • $3,161,129 305,747 " $1,818,236 ' i! 33,418,109 • 53.646,410 4,629,399 G. I. than 170, p. of , • ' The Nov, 8, 48304,908 iiot been apprised Commission, -decision for above a that reporting passenger miles below September, Year Agoof the year a that in it ago, flew ton-mile total ' of 1 of the that the VnRed file a stock month—3%-> and 2% approximately in and than it looks uranium type of promising." very content but said . it 1641.' 221,430 - Divs,, /J ' •*. capital " v; • , $2,107,005 .y> > 1,510,939 1.960,146 $3,003,128 $2,896,330 $3,858,278 $4,067,151 643,338 was prejudiced should by have as been the majority above- 872,400* a plan of • 691,508 on '*'893,661' a that the Louis $2,359,790 $2,204,822 'The cipal - $2,964,617 $3,132,356 $1.41- </ i $1.89 The a'nd he had to the directors also the board of JWililam his as authorized Nov. on L. the ./ 9 Keady the as a stated 3,924,971 $610,204 $10,709,694 $7,962,128 5,324 4,698 20,995 71,614 224,341 198,350 3,086,779 2,380,732 $709,956 $407,156 $7,601,920 $5,509,782 requirements—. 1,447,355 **'"'*•-Ji ;,.vv / ■■ common stock—_i„_—$6,154,565 of stock common ' of $3.50 1949 1948 last year. *1,193,407 / 913,052 765,610 392,579 23,972,967 27,936,759 27,138,.r358 019.400 7,641,448 10.159,246 11,063,628 644,174 5,087,487 6,649,840 6,841,019 732,243 income— to mature $231,000 rach March 1, 1950 unconditionally guaranteed as to payment by endorsement by Wabash R. R. are are'.the agreement of dated approximately which in third and of as $9,555,000 certificates of mature inverse the sale. on order awarded final March to On at Hall moving when to Mr. Several iClarence President Shaver the was L. Mr position Keady other If. Sewell Keady of , President as Chairman named executive Avejy. President of the in -1942. of & on bid a Lehman of March as Treasurer. Secretary, A. was H. the were approved Irwin, appointed Assistant elected Secretary.—V. formerly Secretary and 170, p, directors. made Assistant N. A. —V. a on and 1%% Four On shares by & Nov. ($5 Charles 4 letter a par) E. of Vice- Mr.: to Lang was 144G. common Providence, R. I.—Filing notification stock, to was be filed sold at with the market Mason, Jr., Chestnut Hill, Mass., through Co., Providence. SEC of bids Schoellkopi. the were llutton- & Halsey. Stuart • . Y ,,, anc! 2s.— • -'V.- < 1949—10 Mos.—1948 $ $ 13,338,036 13,818,422 $ $ 131,563;110 133,572,824 1539. p. Welch Grape Stockholders— ; The company common shares Juice Co.—Files — H. 6,500 ' : Oct. on 31 filed with SEC—Rights : : letter a of to > . notification for 83,749 (par $2.50). The shares are to be offered for sub¬ scription -by stockholders of record Nov. 4 in ratio of three new shares for each 11 -shares held at $13 per share. Rights expire Nov. 25? The total offering price will amount to $1,104,636 of which balance for (about G. other coupon. 1949—Month—1948 — 170. (approximately Universal Winding Co., subject are election Wralgreen Co.—October Sales Slightly Off— Sales committee- the was for 1954, . • Y by issued company, executive ... 1960 the written, shares not $9,625). The Walker 84,972 $820,625 74% ) offered but to Navajo taken will the shares. be public Corp., offered at to Proceeds a single $284,001. principal The stockholder, by other stockholders up offering also includes pi 536. , -* equipment Salomon. Bros & Hutzler bid 98.G08 Coi (Inc.) * bid 98.4613, all for the certificates as ! Period End. Oct. 31— /, < .• be provides by March 1, at 98.134. Brothers 98.064 " changes Shaver, former Secretary and Treasurer, and ... 1964 prin- !. y;., f. ." to which secured after maturity, 1846. p. be and after or of instalment 1, -1949, certificates $11,955,000. was 170, to of dividends redemption, V. "*•'• preceded 537,177 > 1440. and an Harris. Ware, who is President of the International Minerals & Chemical explained his resignation on the ground that he was out sympathy with recent management changes engineered by the Chairman. - $1 991,559 129.028 received Mr. Knode 1946 $3,087,912 1,373,936 ! ; Pomeroy, Inc., offered & Co. Inc.. bid 93.839, aiid Corp., Mr. . " 1 $1.38 1947 $3,279,839 ' regular quarterly dividend, of $1 per aha re on the common* both payable on Dec. 31 to holders of record Dec.. 1. These payments will bring disbursements for the year to $9, compared $6 " • ■■ : 159,260 certificates cost to share per the with 1,447,355 $4,062,427 Y $1.73 ,!y' v:!' Vyy: ::*-: YY.Y $1,393,883 company. The issue directors as-. President dividend extra 2,559,493 4,654,027 : railway.. issuance to successor. an 3,609,821 stock, the by within Knode the all from resignation M. 693,168 199,385 339,442 V 7 These 'certificates $2.00- \ resigned the Oliver 693,168 $939,621 loss) railway.— p. and under * $1.51 stock 3,257,988 57,764 409,181 income— oper. 170, inclusive 1,566,372 Ware named of that case result; rendered filed from ry. " 934,795 to _____ capital accepted, who be share company's participated therein requirement specified in the Commission's decision that comprehensive plan "promptly" is too vague and should be amended to require that such number of days,—V. 170, p. 1741. stock 3,893,876 RR.—Equipment Trust Certificates Offered— Higginson corp. and associates offered to the public Nov. 10 $3,465,000 1%.% equipment trust certificates, Series B, which were awarded to the group at competi¬ tive bidding Nov. 9." The certificates subject to approval of the ICC, are being offered at prices to yield from: 1.10%. for those maturing March 1, 1950, to 2.45% for ; the March 1, 1964 maturity. Other members of the group: are: Paine, Webber, Jackson & Curtis; Merrill Lynch, Pierce/ Fenner' & Beane and Auchincloss, Parker & Redpath. other applicable 4,193,993 Lee V':! •' 1,299,524 . 361,800 275,900 ;Y3,701,235 Wabash 262,305 $2,347,339 y 1,125,372 and (net railway— from Net - , 1949—12 Mos.—1948 $55,166,492 $48,575,136 27,604,554 26,283.512 329,528 railway oper. Net ■ 348,496 ' . '' Co.—Earnings— 57,764 revenues— for from ry. —V. United States Gypsum Co. — Ware Resigns—Former President Recalled—Declares $3.50 Extra Dividend— of contentions cf Phillips submission of the record Commission Commissioners rather end the "and the 351.132 p. T741. from GroSs Co.— . on. taxes shs, an 1919. rejected of said, by Marysvale, new Virginian Ry.—Earnings— the Niagara Hudson Power Corp for common, approved by the Commission on Oct. 20. decision • Ore 314,875 ' ' ' .i From Jan. 1— y 381,385 ' —V. 170, p. 1741. distribution Commission stock * $1,877,756 ' $1,596,806 income Balance Per ;28,788,710 <Del.).—SEC Denies Hearing— each share of United during discovery a dividend 170, Net 701,435, f $2,695,835 $2,369,310 ■». •'■!"'!• * *';/" v • / ( 301,627 • 1538. last common cents 50% near "It is 2,454.994 income Net of.subs., int. & iniscell. 4,741,502 3, announced the denial of a petition of Randolph FmJIips. a common stockholder of the corporation, for rehearing upon that company's plan for a special capital dividend of 1949. 50 paid a the body ore $4,299,489 September— $2,750,695 465,294 * 1 ? deductions SEC, Nov. share of the on 18, of ?••{•/.:.'*;7 i'.* —V. $2,049,260 >./(639,292Y ; former income: Exps., ; a 23 City. $4,666,242 taxes__ Earnings per share ! 15,995,766 $2,521,837 $2,123,983 .»$2,179,383 earnings U. stocks of o? Nov. also was 1949—Month—1948 amort Balance COMPANIES) j 366,369 .! J>* , Gross on Other year and off 2% from September, 1949. totaling an estimated 686.200 ton miles, was down lVi-% Crom October, 1948, but up 10Va% from September—V. 170, p. 1741. 1/10 share per confirmed 9 Lake nor & Power _______ oper. Net $1.67 1949—12 Mos.—1943 $2,545,752 • util, subs, applicable to the U. G. I. Co. express, United Corp. Salt type plant income Preferred $1.43 • 12,041,941 $2,074,848 deductions Bal. . " year 6%% $1 record 2.264,141 income Int.-and ! net.. minority & 19,055,397 Crary, Vice-President—traffic and sales, said United set a new monthly high for the year when it flew an estimated 2,27.9,510 qir freight ton miles, 21'/a% above October last Air of Keeley the taxes__ Other $13,640,247 $18,951,324 $18,045,026 12,161,808 pfd. stocks, other prior deductions (k 25,615,146 Harold September. Corp., * . distribution Jan. on i 1,180 -* 1949—9 Mos.—1948 Total 284,963 continued on revenue and of share per Nov. on acquisiadjustments_____ Net 1,238 $1.16 $14,236,656 19,642,079 7,113,465 taxes.—V. announced 120,136,100 October, Loan • $1,819,602 (COMPANY income capital in Mr. revenues____ of 'tion 262 $2,242,124 • 1,180 $1.07 income Divs. j 30,222,797 520,954 ;—_—6,278,961 travel • Co., 2874. p. a uranium-bearing r, ■ 256,781 ' 85,061,908 8,395,005 United Air Lines, Inc.—Traffic Exceeds Air this new , taxes. oper. mother 7,634,419 508,991 income $2.50 "good grade" of ore.—V. 170, p. Maintenance ' -- stock deprec., and income, Ihcome all 'Excludes Federal a miles south disclose not Operating , Fixed income Upstate 1, next, Trust of America—Discovers Uranium Depreciation lor.;!!; EARNINGS for Gross • . — Total a Other $1,820,782 $1,680,247 capital for prov. 1,146,749 ! 20,664,199 2,085,316 fr. investments and other sources quarters of President, of deposit," did 67G.572 —— .. 1,566,372 on of prov. has- preferred / » 11,681,758 • 6,202,707 Income , Kceley, $3,556,253 -Yvu"; 262 «pe- stock share shrs. Other 1,829,074 • 4,076,200 (net) opers. total Period End. Sept. 30— , ' Net income fr.f transp. operations '•Income from oil and A Operation 211,495 $1,681,485 Period End. Sept. 30— Operating revenues' Oper. revs., mainten., 1845. p. 14,071,482 53,665,584 3,938,382 -13,900,000 2,101,3i9 19,688,821 3,400,000 I&uip. and joint facility ; rents—net charge First of holders to following distribution 170, p. 1845. about 220 -680,928 ; reserve COMBINED 41,338,002 291,308,405 .320,356,512 27,266,520 237,642,821 235,294,604' ; 26,677,871 Federal.income taxes 146, dividend a 1 1943, $3,134,547 -Y/:'!-:'v:179,803 — available .interests Other $2,511,110 510,263 487,288 154,812 approp, fund capital Per ' 38,535,267 opers. Dec. preceding .Virginia Electric 1949—12 Mos.—1943 " $2,548,141 • 314,812 (& Leased Lines)—Earnings— ry. fr. rev. the will vote Nov. 15 on increasing the authorized stock (par $5) from 100,000 shares, of which 95.150 shares outstanding) to 200,000 shares in order to effect the payment of 100% stock dividend.—V. 156, p. 1959. ■ ' ' - 351,372 * ___ income Balance • , ' York, ' revenues. at are $2,159,738 . • ; Trust ^ oper. above.—V. declared three made. was C. ■ took Green' (Excluding Offsetting Accounts Between the Companies) Period End. Sept. 30— 1949—Month—1948 1949—9 Mos.—1948 Railway Railway- made ,, of Dec. on Viking Pump Co.—Plans 100% Stock Dividend, Etc.—• The a 428,685 $2,323,585 deductions cial ' which one acknowledged ' • be 1957, Co., . value.—V. par $2.59 •- Inc., payable the corporation Utah, He elected : ; Bank Union Pacific RR. • year the Shares • Co.—Earnings— COMPANY are: similar group more co-transfer series, 95.625 $0.59 • stocknolders — Income D. preferred shares.—V. 170, p. 1845. Hanover appointed stock, Other ., Fred A. Assanna, also, Robertson, also named Lambert, Philip W. Fitzpatrick,; fight proxy Strouse common and Central been share * income expenses taxes Net Union Electric Co. of Missouri—Co-transfer Agent— • : . Payment will have stock, of 49. p. income • They Green. a the directors each was Prov. for Fed. and state . j Alexander Boldt, * Paul without March, group elected. were 92,852 Nil 696. Y. N. the Cathcart directors new 90,525 share p. interest. dividend.—V. -;K,f Sept. 30— other Ordinary Gibb of ! Along with resigned. $770,359 Body— $1,894,900 Interest & .Resigning with Mr. Strouse were the following directors: C. T. Jaffray and E. W. Decker, both of Minneapolis; Walter G. Seeger and. W. O. Washburn, both of St. Paul; F. Coulter Deacon of Toronto James and per 5,581,946 $11,554,179 $10,186,796 > pany 170, In 1,014,373 Director- Dividends the company's his 505,888 $246,368 pfd. stock_______—_ common W. filed 9, Fund INCOME ; and 157,674 '$460,909 —_:_v!i___X!—' Upstate Loan Co., ,The 1.220,768 ... 7,198,689 United Gas Improvement - Strouse Y common ; Mr. Crl27.084 Van Raalte Co., Inc.—Declared $1 Common Dividend— 595.308. >1,026,214 75,776 65,165 sharei— per 264,760 1439. P. 319,968 (est.)_ 206,019 1,014,373 on Nov. registration a director.—V. 13,806 32~6~690 208,101 ; inc.'taxes per common uranium DuPont 926,026 A value Accumulative 3,316,474 ; lrom (net)--: est. company, United 3,556,274 with withheld income, (stated seeking and J-17,251* '<W '30,514 82,715 v ; '3,265 r '42,054. ■ 336~756 devalu¬ currency Vanadium Corp, ! $215,999 150,635 450,845 $1,602,937 p.- 1439. Gross from railway- 'Deficit,—V. 150,723 surplus 170, 559,355 $740,798 tures Called— United Funds, Inc., Kansas City, Mo.—Files— From Jan. 1— - .. 302,639 ■ - Total reported.^- Humphrey 555,086 . corporation, formerly known as Upstate Personal changed Its name in 1948 to Upstate Loan Co., Inc. ^ September— Gross expenses taxes.!; - Toledo Peoria & Western RR.—Earnings- Wet local —_ Nietos 1 Upstate Personal Loan Corp., Albany, N. Y.—Deben¬ surplus Earned profit greater purchased from stock 187,530 $2,053,782 This $487,190 ; other taxes on 295,935 $1,300,153 '$59,924 ■*•'' ' ;!— f, ■ foreign income on Albany, 245,811 income Common /, a heretofore oil Associated 1538. p. averaged Payroll 361,732 $10,186,796 • V and and Federal Capital Water "will Richfield, state 3,236,463 $495,162 f ___________ 101 >'2 at 4 168,014 $11,554,179 payable payroll Accrued V which crude Los such day. per from the months 12 accounts Accrued Coast In * 4 expenses-—.—-- —— LIABILITIES— Trade $1,866,252 of the outstanding 6% debentures due Dec. 1, Personal Loan Corp. have been called for redemption t „ $1,004,218 Upstate Loan Co., Inc.—Calls 6% Debentures— 480,432 .. beginning volumes which, $133,430 All ... other purchases, ; ■ 'Loss.—V. $2,186,407 1 Total refining requirements ot crude oil. The arrangement with Richfield was negotiated to take the place of the crude oil purchased since 1938 from Mrs. Carrie Estelle Doheny and the Los Nietos Co., which purchases were subject to cancellation on ! • 645,510 i—!___'_ other 1947 1948 exe¬ years in and Net 1,076.522 value) insurance 1949, 2, ' charges and foreign Divs. 2,530,367 —_ equipment (nominal Prepaid supply of crude oil for 1, 1950. at posted field a 30 2,098,878 assets Patents ' 13,754,560 — income from Fed. $3.30 SEPT. .2,367,116 : —_ r William cution AT L.'1949 "Yr receivable „ Investments Supply— AS $2,506,800 Inventories Reports New Crude — ;-." — Trade notes and accounts at or Loss .$5,581,946 $5.10 - BALANCE (&"Subs.)—- 2,800,388 income 457,788 $7,198,689 Cash 403, p. Oil Co. CONSOLIDATED * ■ *—t—;—•———— /., 30 share common ' , 10,297,199 2,932,076 operations.—- income Gross $7,658,477; $6,039,734 • f 1948 7,853,401 Deprec. and amort, of physical prop. 706,000 $1,160,674 Earns, addition to the regular % the common stock, on was will amount Gross 249,184 $1,556,492 — paid *• per ' —— 1949 — ations' Total * income credits—j.___ ('a •/.Yv'v to holders of record 1 distribution in 1949 in share per in 1948.—V. paid as share, per cents similar extra a rate same cents 25 t), both payable Dec, Nov. on 25 of Total payments I. the of dlshlbtuion Other V $10,787,219 $14,233,493 $18,857,273 soltl from * Machinery Corp. Sell., admin, and gen. exps Profit 4 ' 182,100 , 497,792 - Hoffman Nine Months Ended Sept. 30— Cost of goods 25,443 * States Net .sales 1943 207,050 (net) _____i,—! ! , An .Jr . 203,563 i-. profit '_!,—.Y-——„— Earned surplus at Jan. 1 Thew Shovel Co.—Extra Dividend of 25 Cents— Quarterly . 1849 $16,919,029 $14,977,434 Net before , .. United - $17,122,592 $15,002,923 and operating expenses-!14,425,257 12,704,969 of Earned * unconsolidated " Federal to the subsidiaries would be repaid when their longfinancing.-is completed (in May and June, 1050). And the borrowings by Texas Utilities will be repaid from the proceeds derived by Texas -Utilities frcm the sale of shares of its common .Mock, „'V.' . _ •'•/*; ,• ' — depreciation.__Yt———_ • public fjept. — goods sold Provision for the purpose of addiUtilities in Texas Electric . Total to necessary loans terra sales Dividends * lor by Texas Months Ended Sept. 30— such borrow " - (Including domestic subsidiaries) * ' *9 Net $7,- for will and. subsidiaries. two / and and Electric available have from Co. programs. $11,000,000) borrowings investments . to treasury excess loans Service construction United-Can* Fastener Corp.—Earnings .... make to Electric their Utilities in include will stock Texas in $3,000,000 $4,000,000 (not advance also authorization aid to exceed not amounts common SEC subsidiaries, Co., approximately enable tional received its Light would banks borrowings or has company time Texas _ * ' , Texas Utilities Co.—Loans to Subsidiaries— _ to a 1,223 treasury shares, will be used ■ , . for holder, issue will total of is leaving not 83,749 a- under¬ purchase any shares. making total offering working capital.—V. 170, -ntKa^ Volume 170 " Number 4855 THE & COMMERCIAL FINANCIAL cjsar CHRONICLE (1921) 13 Stock Record «» New York Stock Exchange DULY RANGE OF PUCES WEEKLY VOLUME OF TRADING YEARLY RANGE OF SALE PRICES FOR EVERY LISTED ISSUE STOCKS Range for Previous Year 1948 Lowest I per share t per share f per share 37 76 Dec 2% Dec 100 Jun 70 May 6% NEW Range Since Jan. 1 Highest May 31 Abbott 19 Abraham 3'/a Jan 7 132 2 16 17% Oct 31 14 27% Dec 41% July 7% Feb 22% Adams 9 Adams-Mill is 38% Oct 14 1 J% Feb Dec 5 10 14% Nov 8% Apr May 25 47% Oct 31 46 Dec Nov 2% Nov 18% Jan May 3 97% Mar 27% May 108 9 10 $3 Air 1 13% Dec 65 Nov 13% Feb 15 18% Nov 64, 21% May 80% Jun Dec 14 73 4% May 2% 37 Feb 65% Dec 68% Apr 40% Feb 25 Oct 59% Oct 82% Oct 19 27% Jan 7 90 . 7% *171 75 May 64% Jan Dec 34 May 17% Jun 14 109 May 88 20 Apr 83 Jun 6 Mar Dec Mar 96 11% 198 Sep Jun Jun 104 16 14 ... 15 : 62.50 prior 64.50 25 Feb 25% Feb 25 ~ 34 Oct ' Jun 83% Jan 8 X96% Nov 25% Feb 25 33% Oct 13 98 76 22 88 4% 10 42% May Jun 28 Kid *47% 22% 17%' 70 3 v, 19% STOCK 21% 21% EXCHANGE 42 % *41% 37% 37% 38% 28% 29 Va 28% 29% 14% 14% *58 V* *79 gtd—100 *85 88 1 No par Dye *7% '199% 198 ■; 171/4 29% 29% Corp common—No par preferred 100 32% 32% 313% {■ *94% 951/4 32% ♦79 81% 20 20»/a *93% 5,100 94% *86 ' 88 7% 88 197% 7% « n 199 197% 7% 1,300 ' *■ 198 > *17 17% 16% 29% 29 V* 32% 32% 32% 96% ♦94% i 2,900 29% 313% >,17 ! 16% 1 - 98% 32% 31% 84 83 '/a 83% ; •' 31 . *83'/a j. ' '(■ I •'/"• ' • 31%. 84 100 ». -..' ; 1 1 Nov 31% Oct 26% Jan 3 6% May 2% Jun 14 44 Nov 60 Jan 83% Feb 121 May 89% Feb 34 y2 Dec Jun 36% Oct 34% Jan 62% 37 Alpha Portland Cement 21 .• 4Va NOV1 9 / 43 Amalgamated 7 6% 31 5 Amerada 9 Amer 45 Sep . Oct 10 Mar Nov 68 Mar 51 Jan 69% Oct 18% Mar 29% July 20 Jun 25% Oct 70 61% July x7% Jun 29 Oct 26 10% Oct -4 27 68% 11 6y8 47 31% 103 Feb Dec Nov 6% Jan May 43% May Jun Sep 10 % 30% Mar 23 Dec 3 Dec 6% 69 35 Jan Jan Jun 2% Jun 3% Oct 13 76 V* 163% Feb 28% Nov 49% Jun 21% Jun 6 74 Nov 100% Jan 60 Jun 1 82 81 92% May 177 Jun Jan 3 99 % Nov 172% Mar 17 4 V* , Corp Co Shoe 500 . < • , ■.h 7% 69 : 9% 31% 8 3% *182 18% Mar 104% 27 19% July May 24% Oct 1 Jan 110 Aug Nov 10 38 Dec 61 May 39% Feb 15 15 Dec 20 V* Jun 15% Feb 8 Jun 14 106 14% Dec 22% Jun 14 81 Dec 94 Jun Feb 43 Oct 35% Feb 8 94% Feb 107% Jun 99 3 28 Feb 49% May Jan American 24 July 5% 5 65% 19% Oct American 6 Oct Cable No par *24y8 3V*% v 6 *106 44 *17% 18% 25% Jun 36% Mar 31 14 Range for Previous Year 1948 Lowest I per share 6 Jan $ per share NEW *17% 3 per share $ per share 4% Feb 28 6% Oct 14% Mar 19% Oct 15% Feb 24 19% Oct 28 ' 13% Dec 19 Apr 13% Jan 5 18% Oct 1% Sep 1% Jun 7 Dec 4% May 89% Jan,: Dec 14% American 10 42 6% 37 Nov 7% May 77% Jun 44 3 27 Jan 3 60 % Nov 3 13% Nov 7 Jan 37 43 % May 34 3% 46 Dec Jun 20% 5% Feb Dec 7% Jan ... 49% Sep 19 13 43% Oct 6 3% Jun 6 5% Oct 11 3 47 V* Jan 27 Jun 26% May Jun 24% Jan 8% May Dec 92 Jan 73 10% Feb 15% Jun 11% Feb 13% Jan 19 Jun 16% Dec 26% Jun Feb r Feb 73 Jun • 21% May 11% Jun 13 94% 76 10% May Jun Jan 45 '/a 45% ,*108% 4% Jun 7 35 July Dec 98 Dec 96% Jan Jan 5% Jan 93 ;t 6% 29 Dec Feb 6% Feb 80% Nov 69% Nov 12% Feb 162% Nov Dec 8% 35 11% 22% Jun 13 Dec Jun 7% Feb 25 83% Feb 70% Feb 12% 169 Jun Mar 31 Feb Oct 23% Jan Sep 46 Apr 37 Feb 68 May 28 Jan 139 Mar 163% 31 Mar 6% Mar Dec Jun 27 Dec 24% Jan Feb 116% Mar 16% Dec 147% Mar 54% Mar 131 Oct 46% 115% Feb Nov 6% Dec *33% Nov Dec 90 76% Mar No par 7% 14 American * Safety 6% 14 Jan Seating Co No Ship Building Co No A Refg common__No 7% preferred 7 'American American American Stove Co American Sugar Refg common Nov 10 20 Vs Nov 3 14 » American 3 74% Nov 2 1511/4 Sep 13 Nov 3 18 6% Jan 3 66% July 21% Jun 79 6 Sep 29 59% Jun 2 67 i. 121 Aug 25 8% Mar 30 17 38% Feb 91% Mar 11 Jan 80 4 . 6% 5% Am 66% 100 30 Feb 45% Jun 22% Jun 14 35% Jan 8 25% Oct 38% Jan ,381/4 Nov 9 Anchor Hock Glass 8 Mar 4 Dec 24 NO* 25% Jan 3 99% Mar 29 60% Jun 48 v* Jun 20 55% Jan 36% Jun 15% Jun 13 26% Oct 14 Apr 8% July 7 6% May Jun 2% Aug 4 ♦ % Jan f A P W 26% May 2 40% Nov 9 Archer-Daniels-Mldhu.d 34% For footnotes see page 24. com Clayton A Co Corp. 7 Andes Copper Mining Products Co . 400 ;, 3,300 78'A 5% 53/4 5% 7 31 30% 105% ' 6% •io5y3 1 33'/a 13% ' 113% 95% 14% ' 176% 8 10 900 3,500 " 20 V 33% 33% 13% 13 . - ■. 6% 112 4,200 , 31%.';' 107 63/a 700 , 300 ' 38,000 113 94'A ./; 95% • 14 14 48% . 493/8 1593/8 40 147 9,300 t... \ • 12,300 10,000 V*\'A 1 29 ' 19% 145% 125 19% 146 y8 145% 73% 1433A '■ 65% •119% 1195/g 7% 8 24% 25% •88 90 733A 74 ' 6% - 66 119% 8 2,300 *.■ 1 300 %V 2,100 40% 800 ' 200 127 1,200 19% 23,000 146%- 3,700 72%' ' 148 66% " 200 1 2,800 230 119% 3,200 R 24% 93 *88 V* 90% 733/4 •72'A 7,400 24% 74 25% 6% 6% 100 ,100 2,200 6% - •61 62 ' 20 28% 28%' 29% 29 30 29% 29% 580 37% 38%, 2,600 105'/a 105% ♦104 105% 38% 105 50% 50% 50 Va 22% 23% 22% 33A 9 ; 61 23% 11 * 900 ' 29 37% -38 37% 40 iv, V 1., 273/, ♦50 *3 Vs 119% " j.i 61 *23% 11 66 490 " f 40%'; 613A . 50% *39% 159% 29% 29 % 105'% 72 147% 3,600 23 Vs. 61% * ' 37% •104 127 19% 1,500 : 147 28;1A 8% 40% ' r 28% 93/4 . 48% 28% " 40% 125 >; 48 41 24% ;v 72 '6% *39% 3,200 28% 62 29 159 V* •145 30 , ,7%' 24'/a 148 6% 6% 6% 28% 48% 176%' 243/« 73 3/8 90 47 y4 *39 9'A 146 66'/2 ♦175% x7% 148 3/4 *72% -■ Hi/4 Nov 900 iy/a 13 40 3/8 20 24% 74 No par 21% lo 500 600 14%;- 13 41 28-% 126'/2 7% 90 »/2 *72% •61 No par OH *89 25 50 Corp com„12.50 64 preferred Anderson-Pilchard 1 1 S', 78% ' ' 65 prior conv preferred Jun 119 7% 24% 24% 100 No par 148% 120 7% common—No par preferred t. ♦119 5 Inc 6,556 , 8%' • 13% • 80 > 24'A , 40 %' 66 Co " 30'/a 98 - 39% 9% 9% 66% common—14 64 conv prior preference Amer Zinc Lead & Smelt Anderson, ' *4oya 145% Works 7 .f. ! *145 " J" 48 159 40 147 X73 Woolen . i45/8 13 Mi 48 'i *28'/a ,'29% 40 -4 741/2 148%' preferred ; 87% '•39 A 159 Va, 24% -24% , 145%. Anaconda Copper Mining Anaconda Wire & Cable 5 10% , 74 7 27 ( 29 % *9% 148% 35 V* Jan . *145 147 24 * 49% 39% ■ .145% 1 Feb 158% 159 J 40 * 40 100 Viscose Corp 1,300 48 14M. 7% 41 48% 100 14 18% X19% 400 DAY 4% 873A 94% •175% - 49 *39 / 49% _25 48% Jun Aug 23 x48% 48% 41 * Tobacco 25% Jun . *23 % a 8 Tel A Tel Co 67 May 41% May 106 14«A 19% ■ 14 175% 8 1 197/a Dec 107 175% ! 125 Vs Feb 3 14% * Nov 6% Nov 14/ •;/. I- Water 7% : 29'A *8% •93 ARMISTICE 47 '/a 41 14% 112 V* U CLOSED 88 VB ' 33% „ 95 Va 20 Va common 6% - 113Va 94... 126% American American 112 f . 20% preferred >105% 33 Vh •124% 30% 62% Aug 18 1 14%> 30 v» ... 33 '/a 6 Tobacco 61 4% Jun. 6 9 53/4 - 6% 100 100 Sumatra American 3 J nil No par —— preferred American Jun v 49%; 24 10 lOU 7s *47% 29% 88 '/a 13 '/a ">783/4 13'A ,.13% ^ r Steel 13 7% 48% •391/4 ♦144 27 v i 100 Nov 107 6% : 13% 112% 8% 40 12% Jan X117% Apr *105% 33J/2 ; *159 preferred ; > 176% 25 non-cum 13% 80 '/a 5% 7% 100 com 291/4 Oct 40% 48 12,800 8,300 17,900 5,000 23,600 EXCHANGE 50% '/a 43/. 98 14% 31% •175% par Snuff Co 6 127 4% " ' f 17 Apr 13 'A • 13; Foundries—No par Stores Co :No par American July 26 28 47 19% '• f! "l 53/4 •6% *6% >32% 5 Razor x5% 98 Sep 46% Mar . Amer Rad A St 13 Sep 19% 31% 14% 150 50 41 14% 87 Va 5% 107 •105% Light com—No par 25 Jan • 141/8 3 14% 31% L San'y com—No par preferred 100 A / Oct 6 5% 31 7 41 51% 48 *8% *79'/a 95 161 49% May 10 Jun t . 93% 5 101/4 > * •93 14% V * 81 " 111% 11 10 13% =. NO par 60% Jan 112% July 8% Jun 13% __No par Feb 58 113/4 x29% 14% 7. 400 57% 41% 1,200 6,700 STOCK 12% *47'A 87% 14% *79 par July 88% . 59 4% 8% 19% 19% f 65 preferred par Jun : 66 preferred 'Amer Power American 135 71% July >•19% 2 */4 50 98 14% 14% 7 Am Smelt 16 Jan *14% 2 Vi 1 18% 47% .30 / 8% *93 173/4 Shares '< 18% 18% , *40% 48 293/a 8% ^CLOSED V 4%, . *47'A «. 98 7 Amer 138 104 News Co 7% Jun Jun Jun —1 Co 31% Feb 25 . Mar 8% American .—100 —— Molasses 4 158% 120 preferred 7 120 68% 4% % American No par Co Ltd com.No par 3 May 131% July 20% May 144 Amer Machine A Metals 21% Jan • 30 4*93 Pdy Co com—No par 100 / Nov 14 48 30% •t: 8% , 4% 4% 14% 41% Feb 19% Jun 41 / ,*87% 56% Jan Jan *4% *47% 1 13 130 Apr 10% •■V / 18% 6% 11% DAY 13% 6% 19% the Week $ per share 57% ELECTION 41% 5 34% Jan Jun 34% 21 47% > 63/8 19 2 Va - EXCHANGE 60% 47'A <13% Nov 49 STOCK 41 8 Sep 2% Sales for Nov. 11 17% ., 41% preferred i American Metal 3 81/4 Oct 18 , 36% Aug 178 6% ." ; Friday Nov. Ut % per share 19 Va 58% Thursday Nov. 9 47% 17 142 " 58% 200 Wednesday 6% • 2>/2 30% I per share 47 Jun 4 2% 30% 500 PRICES Nov. 8 ,,, -/ *19 17% 14% Jan V , 171% 95 % Nov ; 6% "• 30% SALE 45 t per share *41 39% Jun 35% May Jan 140 35% 8 ■) 17% common—_1 preferred 3.90% 7 Oct 6% 19% vi HIGH Tuesday Nov. 7 f per share tftarm 100 Locomotive Amer Mach A -1 , Monday Nov. 5 113% Nov 6 10 38 25% Nov - 11 10 16% May176 Jan 31% Nov 7 3 95% May 66% May 7% 26 105% Nov r Saturday AND 45% 109 6,900 *108% *30% 31 45% 108% ' Jan 20 Sep *30»/a 533/4 1 American Investment Co of 111 7% Mar 14 • 4 8 46% Nov * Feb 32 6% 16% 125- 84 30% 30% 12% No par com 400 700 45 y8 52 -50 Products Co 120 1,200 : > 108% 109%, 12% non-cum American 14% Apr 12 3 24% Mar ; Ice 18 80 45% 109 51 preferred 100 American International Corp-No par 27 102 Home 6% *17% 81% 11% 1 18 19 y8 10 com 44% 81% 10 Co preferred conv American 28 19% Oct A Leather American 18% Jan 20 ? 22 6% 5 Oct Electric & *44 19'/a 55% » No par ; Gas American Hide 8 Aug 15 1 14 Dec 6 ' American 1,000 106%> 44% 108 19% 48% No par American Hawaiian SS Co 4 9% Sep 100 7 Dec '12% Nor 72% 30% Nov 5 5 23 15% Mar 12% Jun Jun 108 ; 5% Jan 79 95% 17 23% 106 43 % 82% 2% , :—No par 68 preferred 7 10 Jun 46 ; Jan 53 53% Nov 45% Oct ~35%~Dec 500 • 19% •*19 No par 7 6% Jan . r 82% 6% 1 No par 40e com 23% 50 3,900 173/4 18% 1,800 23% 65% 19% f Par Foreign Power 67 preferred 67 2nd preferred A 97% 182 3A 82% ; Amer A Sep 22 24 100 J- ' ■■ .If -• 19% <■ Encaustic Tilings 97% *182 1,900 4,000 3,100 82 3% , - American European Secur American Export Lines Inc ? 7% 3% i" 19% 45»/4 20 ;■ ■ 7% 35/8 5,000 31% 83"- / 109 STOCK YORK 65% i %«/:-• LOW EXCHANGE Highest 653/4 23% STOCKS Range Since Jan. 1 Lowest Highest 22% 100 >/a *81% lo Distilling Co— 23% 9% 31% 100 Vo , 973/4 *106 500 93/4 *191/4 preferred series A-100 : !?,' 1823/4 23% 653A 44% * American 97% *182 108 44 % 3% 24'/a ♦106 ; 900 24>/a 69 33/8 v 116 68 23% •68 8 65%, 24 ... 108 44 Cyanamid Co com conv 24% 100 X68 69 323/4 241/4 65 Vs V 683/4 24% 103 182% 24 65% No par Co Colortype Co 10 American Crystal Sugar com _10 ■1" 4% % prior preferred.——.—10b 28 ;; 47"% Oct 112 & preferred Chicle American Mar 11 87 100 Chain non-cum American 47% Sep 7 18% Aug 17 71% July 29 33% 109 preferred 17,500 *100% 98 • 1,600 1,600 93/4 73/4 182 ;; 23% v 7% 11 Jan 98 183 23% . 441/, 10 " 3%,- 2,900 9% 9% ; 4 39 4/1 v, 9% 24 y8 8 700 4434 68 103 •3% 3% 97% ♦36 33% 112% •68 9%.., 32% 7% ' No par 9% 32 >100 8 *96% 100 :i: 102% ' 25 preferred ,/ 32 *100 1 Inc 9% 3% 39 700 ' 117% 9% 24 Va *68 *33% > 4 Va . 443', 68'A *23% 69 1 Co American Car A Fdry com 7 681/4 24 100 Broadcasting ■? 9% *68 No par com__ conv preferred Cable A Radio Corp American Can Co common 2 69% : 117 . 44% %;>• 9% ,24 2 Amer 7 187 % Sep *68% 4 35 *37% 10 common 34% 39 118% 44 9% t. •' 50 Bosch Brake 44% 9% preferred-;—100 Bank Note American 20 33% Jan Oct Amer 3 *37 *117 *44 par —1 common... conv 39 118 *118 !•//• /*• 4 4 4 *37 % ; No par 35 f" 35 34% *3% 50 Corp preferred American 11 10% Jan 6* 34% com Chemical_No Airlines cum American •' 10 104 Agricultural 3%% 31 : No par 1 Co preferred Petroleum American 10% July 22 96% July 11 5% Jun 1 111 6% convertible Jan 120% Oct Apr 29 Leather 500 5,900 8,000 ' ,i *■' Nov 3% " . ; , x25 ' •• 96'A X94y2 32 83% ' - .;>■ 29% :>i:-; 32 / 84 30 59 32% , 95% 32% *83% 1,300 . 3,200 1,100 59 20% 7% , *16% 10(1 1 14,000 . 69 2% 95 *85 200 171/4 common_No pat ; "" 29% Mfg /. 3 81% . 1 • 18 69 59% 20% *93 7,700 *• 4% 17% , 3 ♦79 29% preferred 18 59 82 *16% conv 2,300 * 5,900 108 3% 69% 2% 88 7% 199% DAY " 22% 22% 104 /• 4% 7 17% , 94% {5 " 23 108 4 20% 1: *7%. 8 22% •68 *85 1,900 1,700 14,900 ARMISTICE 50 /■• < *94 f *47% 58% 20% 95 50 3,000 CLOSED 8 3% *79 20% *94 7% 70 58% 82 20% par No par 8 *104 18 *68 58% 7% 4% *"'■3 42 *47% No par 3V*% 19% 22 Va 23% 17% V• 3% 4,800 20'/« ELECTION -108 4 is y8 70 • 100 22% 4 1,400 3 21% 50 ♦104 108 * '"4 ' •47% 23 *104 ■ 1 Co Allls-Chalmers Oct * 3 50 45% 19% _7% 7% Shares 108 2% 37% 28% 7% Allied Stores ' Dec 28 '/* 7% 5 Allied Mills 6 Dec 27% for the Week *41% CLOSED 38% 100 Industries Inc Allied 73 37% 10 preferred Allied Chemical A 26% 38 preferred-No par conv conv 1 13 V 30% Oct 38 .100 common 2 Nov 18% Feo ' STOCK EXCHANGE 1 50 Allegheny Ludlum Steel Corp_No Mar 12 201 15% Jun 24% Jun Jun Inc Ry Allen Jan 42% Mining 10 21% 22 *41% No par Gold 8% Jan 34% May 37% May 91 Inc Vlckaburg 13 Dec Mar A Juneau Allegheny A West Ry 6% Dec 19% 21% 42% w 17 16% 81 w 93% Fee 25% 19% 21% *98 DAY 7 July 165 May 24 19% 21% 4 % % preferred w w Allegheny Corp common B%% preferred A 5 3 *41% Nov. 11 $ per share 45% 46% 110 3 •19% Equipment com Reduction Aldens :: 5 Dec 23% 100 4 Sep 3% Oct 16 2% Feb 25 45% *100 Sales Friday Nov. lo $ per share share 3 1 Gas preferred Alaska • $ per 110 2% issued Alabama Aug 10 4Va Nov ' Thursday Nov. 9 46% *100 10 lu PRICES Wednesday $ per share No par Corp Corp When Aftliiated 23% May 16 103 • 2% Jun 21 4% May 3 Express Co_ Admiral 19 29% Nov . 46 110 3 SALE Nov. 8 t per share '■ • 46 y4 *100 2.50 Addressograph-Multigraph Corp 10 20 46/4 __No par HIGH Tuesday Nov. 7 tper share 5 __ Co. Co 1 44% Sep Jan 5% Jun 99 Steel Acme 22% Nov 5 35 Jsua 14% Nov 118% Motors AND Monday Nov. 5 Straus <fe 37% Mar 28 23% May 46% Laboratories ACF-Brill 21% May 26 *17 %Jun Feb Dec Saturday Par Oct 47% Oct 14 1 % Jun 14% LOW STOCK $ per share Jan 35 YORK EXCHANGE Lewest Highest 11V* 3 V* 39% ll'A 3% 40 103/4 38% 105 14,200 20 50% 51 51% 400 22% 21% 4,200 103/4 •ro% 22% 11 3 V* 3% 3% 3% 39% 4oy« 39% 40 y. 400 300. 3,700 I 14 THE (1922) COMMERCIAL NEW 1 Kan gtt for Previous Year 1948 Lowest Highest $ per share $ per 23% Nov 32% Oct 14 27% Nov 89 Dec 101% Jun 77 Jun 15 93 15% May 5 Jun 13 8% Dec 88% Dec 41% 56% 13% 11 % 38% Jun 18% Dec Dec Jun 22 15 86 13% Jan 11 19 May 11% Feb May 95 Dec 106 July 66 Jun 87 15% Sep 28 Oct 10 100 Sep 12 47'A Nov 9 14 30% Feb Sep 80 Jun 14 105'/a Jan 167% Jun 14 103'/« Jan Jun 97% Jun 10% Aug July 32% Jun Dec 19% Dec 62 25% Jan 64% Dec 66 Sep 81 Dec 80 182 Feb ' - . *19% 114 99 Sep • • 94 41% Oct 111% Sep 1 24 4% 100 24% Aug 4 10 Jan 100 Feb 7 109% Nov 15 -Sep 30 20'/a Jan 25 7% Sep . 13 % Feb 16% May Nov Dec 19 Jan 4% Jun 19% Jan xl4% Nov Feb 7% Oct 11 4% Jun Jun 46 25% Jan 8 14 10. 14 34'/a Jun 5, Jan 14 t 66% 87 10 - 82.25 (The) 5c 94 103 103 30 1,700 2,9Q0 103 400 10% 10% 11 1,900 37% 37% 66% 66 % 67% 69 88% 88% 90 41 39% 40% 111'/a 111% 39 Va 600 ; 14,000 • 300 • 39% 111 5,500 111% 260 97 % 98 97% 97% 23 22% 50 50 49% ' 50 50% " 120 22% 50% 6% 30 £ . . 38% 10% 22% *109% 111 *109% *16% 17-> . * ; 23% 109% . 17 *16% 6% 15% 110'/2 109% ,V*14% 15% 1,160 . 16% 6% 6% 15% 6% ' - 109% ♦16% 17 6% 1,400 : V *14% - 80 . 600 6% 6% 6 '/a 6% 6% 6% 4*ll%j 5%' 11% 11% 11% 11% 11% xl0% 6'A 11% 1,700 1.500 5% 5% f*39 9,100 39 ty Araer—3 common—3 preferred— 93% - 98 *14% of 94% 1,900 46% 23 15'% —— 100 200 102 50 109% 100 DAY 98 % 46% 23 ,* *49% *14% Co .98% x38 111% 6% Canteen conv 40% 111% *97% 6% Avco Mfg Corp ,, 40% 98 23 t -No par 102 47'A 102% 87 *618 — 103 93% 66% 87«A lil> 160 ARMISTICE *86% 67'A 40% 200 14% ;99% 10% *97% 14% 99% 39% '*16'/3 ($1.20) 14% *102 102% 10% 39% —No par Co Automatic 102% common——No par Conv prior pref 9% 95% 10% "A* 111 —— Nichols Autocar ; „ 95 39% , • i„5 common.L.l, No par preferred-.-—;-.—— 100 conv Austin *9 EXCHANGE 112% 46'A 66y2 100 B 9'/a 46 *86% .1-100 Powder 4% 7 44% Jan $3.73 series 9'/a 100% 45% 103 10% 39 common.., 25 preferred series A—100 conv 1474 DAY 102% '98% 95% *102% ~-10 preferred xl02% - 45y2 >95% RR—.—No par Atlas Tack Corp , ; 24 7'/a Jan non-cum Atlas * 17% Mar 10 • Line *14 ' 45% -100 ar—< Coast Atlas Corp 3 15'A Sep 21 ' i 103 preferred 14 % 14% 101 Preferred 14 Jan 9% May xl4% »joo 4% , 11 Jan 14% .. 14% 112 % 500 CLOSED 47%" QQ .93 14% 9% 14% Atlantic Refining ; 4 4% Feb 24% 58- *9% *102'/2 5% .. Aug 18 Jan Nov 6% *11 , 9% STOCK 112 % ELECTION * 9% 330 10,400 6U 47 VA 99'A 10,700 . 112'A 15 Shares 6% 53 47 99 90 6% for the Week t per share 26% 90 60% 47 CLOSED 112% X26% - b% 60 EXCHANGE 99 *14% 100 Atlantic 15 Jun 93% Jun 106 Jun Oct 15 100 A T F Inc. 27 20 114 *14% STOCK 47 *98% 5 Atl G & W J SS Lines common—1 Mar 18 42 Dec 12% 14 13 *46% 98% 112% Investment Co——:—10 non-cum. 60% 113 2nd preferred 5% 7 60% *112ya Atch Topeka & Santa Fe com__100 , 7 25% May 64% Apr Nov 4% 20 Jan Jan Feb .. 90 6% Sales Nov. 11 t per share 27% 89 7% 70'/a July 13 7 77 Jun 48% Aug 15 47 4 13 Feb 27 • 6% Friday Nov. 10 tper share 91 47 % Thursday Nov. 9 Sper share 27% 6% No par Corp PRICES Wednesday 27% 6% 1st preferred , 24 30% Jun May 99 98 SALE 89% 61 *46'A .—No par Constable Associates 7 53 60% July , Feb Feb 91 No par com t per share 6% , »60yi Carpet Co Inc No par Associated Dry Goods common—1 14 107 Apr 27 Apr 12 120% 13 y4 Co HIGH Nov. 8 27'A 6% Artloom 111 44% Cork AND 90 *88% 3 No par preferred conv 7% July 18 Feb . 84 27 100 com Monday, November 14, 1949 Tuesday Nov. 7 | per share 10 com Illinois of preferred 83.75 Arnold Mar 64 Par preferred Co <fc Armstrong 6 99% Feb 4 Oct 24 114 30 Jan 87% LOW Monday Nov. 5 $6 conv prior preferred 16% Jun Dec -26 Corp conv 1 13% Mar Jun 17% Aug 12'% Mar 98 4%% Armour 10 49% Oct 13 94 Jun 115% July 77% Jan Steel Armco 3 8 CHRONICLE, RECORD Saturday r 9 Feb 7% Jan 7 105% Jun Jun 99% Jan Nov 49% Jun Jan 106 Feb 88 103 19% Jun STOCK YORK 8TQCK EXCHANGE !. $ per share 8 per share share YORK NEW Highest , FINANCIAL STOCKS Range Since Jan. 1 - . Lowest & No par 6 5% . 6 *39 5% 39% V 14% 10% , 6 38% 39'/» 38% 14% 14% *14% 14% 1,500 10 10% 9% 10'/a 4,000 8% 8% 4,400 39 1,100 B Jun 8 14% Jan 11% Jun 8% Jun 13 12% Jan 16% July 29% July 7% Jun 13 11% Jan 14 22% Jan Feb 18% Jun Dec 13% 17% Mar 10 15% Feb *13 14% Jun , 14% Jun 7 - Feb 31% 13 25 , 80 60 Va Jun 13 72, July 27 59 38 Jun 28 51 Oct 15 Sep 8 *20 % May " May 28% Jun Dec 45 ,36% Nov Jun 36' Dec 39% Mar 81 Feb 45% 9 Nov 16% Mar 23% Jan 15% Dec ,10% 90 4 52% Nov 9 15% Oct 13 11% Jun * 3 17% Jan 1 , 28% Nov Jan 87% Feb 12% Nov 4 99% Oct 20% Jan 3 20," Oct Dec 80 Feb 100, 69 Jan 25 Mar f 8 5 86% 6 ,' 10 Va Jan 21 6% Jun. Nov 2 22% Feb 14% Feb 34% Apr 37% July 20% May 30% Jun ,14 ll'/aJun 16 16 r Feb 19% Mar 10% Feb 14 16% Jun 11 yB Jun 14 17 Feb 18 98 Aircraft Beech Creek Dec Dec 26 103% Jun 85 Feb Jan 26% July 21% Feb Dec €8 Jun 21% Nov : 38% Dec 9% 21 87 % Mar 73% Jan 102% July 86% Dec 22% Feb 30 25 Feb Feb 39% 93 Mar 26% Dec Nor 9 % May 5 Jun 14% 7 Nov 3 Sep .14 28 11 Jan 104 129% Jun. 9 10 6 3, Best : 7 : 136% Feb. 2 31% Mar 21 11% Mar 11 26 y4 ? 0% 13 36'A July 19% May 14% Sep Deo Dec 82% Mar 19% Nov 22% Jun 30 10% Jun <131 29% 67% Dec i30% Dec 51 16% Dec 33% Apr 17% Jun 42% Feb 66'A July Nov 96 May 5%'May 1% Aug 32% Dec 6V« 26 ,, 7% 42 71 Dec 92% Nov Oct 27 7% 17- Dec 98 95 Jan" 15% Jun 90% Jun 86 12% 21% May 43% Jun 61% July » 29% Jun May " 7. Dec 100 Jun 70% Jun* 88 Jan 17% Jun 73 - Dec 89 ' Mar 98% Jan 23% Feb 27% Mar 52 Jun 1% Dec 5 Dec 21% Deo 9 Nov 7, Jun X97% Jun 6'/a Jun 15% May 119 44 . Jnn May *19% May 19 % May Var footnotes set 35% 29% 35% 35% 13% 14 13'A 13'A 83 & Co . 2 ;; Brown Shoe $3.60 Co 9 26'A 26 26 32% 33 % 32% 32% 1,700 29 '/a 30% 29% 29% 21,500 134% 134% 135 *134% 25 .• 7; ;;,j Nov • |c ; 9 Feb 10 17 Jun 20% Jun conv 7 May 14 30 52* 1 16% Jun 9% Jan 16y4 Jan 10% Jun 68 ' 27 f 13 Apr 18 Oct 10 • 5% Jan - • 6 ; 22% Jan 10 12% Feb 4 *: 109% Mar 21 f 22% 53 19 19 Va 14 Vz 14% 13% . *46% STOCK 13 *45" CLOSED 22% 8'/a 47 Va 47% 51% 31% 31% 8% 8% *30 31% 7% 7% 7% 25'A 25% 27% 26% 27% ?194 - 26% 164% 27%, *104 32%' 32% 1 10% 10% *38% .38% 38% .No par No par —5 *100 1 197/a 17% 101 *1122% 19% 123 75 -- 100 .*93 *16% ; 33% Inc^ 33% common—1 17 18- 90 *78 82 .'14% ,, 8% *111% / *51% / 4% 4% *19 ; 19% 10% 10 *101 102 ,*39V'2 ; *20% / 14 Va 1% > 94 8% :.-;r OVa 68%'/ 69% 4% ^ 4% 20% >102 • . 21" 13%' 35% 35% •51 19 19 % 10 y8 101 - 10% 101 ' 68% "L , 16'A -2i: 1 18% !"• t 95 10 " 91 13% : OVa 8 v ' 7,100 1,000 f , 5;' v 8 20 " 22 ' 35% 35% 53 * 53 1,000 22 34% *52 f. " ; 20 I 1 700 34% 1% 1% 1% 4Va 4 Via 4 4% 18% 10% *101% • 19% 10 % 102 18% 10 r 39% 39% 39% 39% 39% *39% 21 14% 21 - 21 21; 21 *20% 14% 14% 14% 14% 14% 50 " 2.300 2,000 18% 900 10% 5,200 V " 50 " *101% 1,900 53% 1% . 40 1,100 v 104 22 * 22 Va • " *280 A 20, *102 - 1,900 !- 68 4 ■7- 200 , 14 112 67 v: 102 , 80% 8'A 112: ; 6,900 , ... 700 .1,000 i * *78 4% 20°! 102 ' 33% *88% - 68 VA *4 Va 500 ' *93 : > -8% 3 g r "1% 4 Va ' 260 600 '• 94 - " 14% "■ 8% 17,400 5 18% 111% IIII/4 ' 53 1% 4% .. > 104 22% 11% 33Va 90 82 10 73% *16 -r ■; 94 *78 V .8% ' .v, 88% • 500 1,900 11,300 »' 123 " 14% •22% 53. * 1% 18% 1,900 - v; '■ ■■ 35 94 33% 18% ." 17% 35 16% 33% 1,300 - 20% x73% .> ; 37% 101 *122% xii: i '16% 18% 111% 35% 35% 1 _1 • v 34 /; 93 ?A >93. 90 ; - 23 123 94'' - 104 •: t*22% *122% 2,300 •S- i 10% 1 17% : 4,000 - •1,200 32% 20% 18 3.200 7 ■ ■ ,26% 4 ♦100 '20% 27'/a 104% • 32% X3T% r ..-V 7 -. 10% v • 100. ' 17% 94 ,8% 4% 21 - 10% 38 -..34 *14% 8%' 21 . *102 10'A 33 2,400 25'A I 26'A 75'A 82 400 500 ' 31 - *104 : J 11% 111% 69 /; "33 75 - 2% 8% 26% 104% 32% 11% *92V2 2,000 3,000 : 24% 26% *104. 16%: 16% 33% 33% 8% 4% :.(X26% 11% *83% 14% (*68% i 75% •78 * / 112- eV» 27% 20 18% ' 94 *87 7. 27 ,100 . 820 "32% 7 1 101V, ♦93 '1 : 18% *92% . 2nd ' ( 97'A *30 7'A 32%-32% 93% _u.__No par 30% 11% 32% 520 - - 37,700 •".51% 8% I 25% 75% " - '. 47% 2% 8% 7 > *122 % .123 11% / *31% 32 25% ,20% 17%:: 17% - ; DAY 13% 51% 2'A 31%' .-*30 /; 20 1 17% *32 1 10% 38% ^4,400 ' 1,100 ARMISTICE 18% j *96% 97'A 8% ". ' 11% 75 , *100 33 18% : 52'/a CLOSED ' / 104% ; % 400 EXCHANGE ' 27% 27% ' *2 Va 7'A 25% 115 preferred—_„N0 par 41 Canada Southern Ry Co. May 6 .,—100 21 Oct 25 r; Canadian Breweries rNoiJar 15 % Sep 19 t Canadian Pacific Ry_T_^ ——25 46% -•96% STOCK m 21% 13% 2% *32% 10% Nepar 14 25*% _No par 100 13% ; 2.50 ; 53 52% 1,700 22% 22% 52% ?" 53 Va ; ; v 2,100 13 .19 ' 200 //■ 46 18% 2% ■j 13 47% 52 32 *27. '23. • 11% 21% 52% ; 100 'V DAY *96%. .97 VA 3% A30 ELECTION f Shares ' *45 < for the Week 14% 11% 22 Sales > Nov. 11 I per share 26% 14 13 Va "47 21'A Friday 26'A 14% "47 :.. 32 ' *31% < preferred conv 47 4 2% No par Zinc-Lead :V 22% 52% Calumet & Hecla Cona Copper_,u-5 Campbell W & C Fdy No par Can Dry Ginger Ale com— 1.66% $4.25 v, 19 1 i_100 Co 11% EXCHANGE 49 53 common—JNo par Byron Jackson Co Callahan 11% 23 California Packing common—No par 5% preferred ————-50 / 2 ; , 3 Sep 28 35 Va Jun page 24. 7 v1 36% Jan 58, 2 % 24 ; 22 1,000 , t per share v 21% 2,200 9% Nov. 1« 1 , 14% 12% ♦45 400 24% 9% Thursday I per share 27 21% 97% pfd I per share ♦26% 18% Feb 26% Jan feb,2# May Jun 3% Jun.27 98 : 13 12% 49 Nov. !> xl4 21% 1,100 PRICES Wednesday 11% 22% preferred—100 1—; ,1 100 I:Burroughs Adding Machine—No par )'Bush Terminal u : 1 3%% '12% *46 SALE 24 >. 15 52 % — 13 ,*12% s 9% 26% 14% -11% 52% Burlington Mills Corp 4% preferred 3%% ;] ►26% 14% 11% *2% J0v; Buffalo Forge Co Sep 13 '.jiBuff Niag El Corp 3.60% Nov 26% 14% 24% Nov. 8 y: I per share *11% HIGH Tuesday Nov. 7 135 % 9% X24 9% Monday Nov. 5 26% 135- 25 9% Saturday i 52 % Nov 27, A'Bullard Co Jan 11;Bulova Watch , 135 25 9% .*96% common 68,800 30% :—5 i 100 200 2'A 33 % <*26% < —15 /— 2% 26% (assented)_100 preferred 82% 104 ' « 104 30% 5 common *81 2% 33% 100 Inc 81% 104 2% 2,700 26% No par common RR 8i% 3,600 • 30% t per share 1 Maine 6,500 8% 26% 33% *9% —5 preferred 33 % 8% 26% 26% 25 2.50 j 33 1,400 30'/a *134'A No par (The) 33% 9 2% 900 87 26'/2 1—1 B^asfi 11% x83% *32% ; No par A /.... xll% 27 *102% 2% 200 13 12'A 8% 104 2% 10 1,200 13% 13 • 40 34 2634 82% *102% 2% 34 V *13% ; 87 33% 9% ; 26% *81% . 103 103 12% *85 • 33% 9 26% 14 *13% 12% 87 ' 33% 9 27% >81% 14 , 12% ♦85 33% 9 *No par —* 4 ; ;Bush Term Bldg 7% preferred—100 9% Jan 7 ^Butler Bros common^ 16 82/ Feb 3 -(;! 4%% preferred ju 100 4% Mar 30 77 Butte Copper & Zinc —5 24% Jan 27 T; )Byers Co (A M) common—No par 104% Oct 7 [i 7% participating preferred ,100 7 98% Jun 10 3 ,37% Deo 27 ' inc Stores Sep 30 n i 7% preferred 11% Oct 27 ,1 Budd (The) Co Oct 27 $5 preferred 9 7 May 8% May 31% May 85% 8% :*• LOW AND Bucytas-Erle Co I21 1 Feb 40% Jun 54% Sep 33% —1 [1 Bristol-Myers Aug 18 16% Jan 13 Jun July - ' f Nov 77 13- 3 35% Jun 14'/a 12 Va No par Brunswick-Balke-Collender 90 . 14 60 105 1 14.' 87 a Jun Jan 101% Nov 14% Mar 10 Mar 6 4% May 27% July 2% Mar 16 Deo 15 Va 6 18% Jan Apr ; 6 13% Jun 14 10% July 114 Deo , 94 - 73 Feb * Mar 8% 29% 34% *85 3,000 8% *13% *12 40 • 13 30% 13% - 99 12% 8% 35'A -No par Apg ;4 36 13% Apr 19 77 Apr 7% Nov 1,500 13'/2 4 STOCK 17% Oct 15 24% Jun - 8Va *83% *98 *29% •*34'/2 100 Co common 103% Aug ^3 * ' 3%% preferred ' 35% Oct 13 ). 1 Brooklyn Union Gas 10% Oct 27 1 Brown & Bigelow^ ^ j 95,« ; 15 97 Jan 35 ■ Apr 20 12% 79 85 85% No par 76 26% Jun 27 77 , 85 85% 8% -10 125 ' 6 72% . 900 33 %c — 22 ; 13 12% Feb Jun 17% 30% com—No par 18 . 16- 7% Jun Jun - 10 100 27 Feb July Dec Xl7% 8 Va Bower Roller Bearing Co 5 Airways Inc : 2.50 Brewing Corp of America: f-15 Bridgeport Brass Co„ No par Briggs Manufacturing Corp—No par Briggs & Stratton ; No par ; 7 Jan 39% Nov • 6 13% Jun 14 120 16 Jan 33 * 29% Mar 14 11% May Mar 18 *29% Braniff 29 14 Jan 75 16% 12% 18 8'A Par dags 3%% r 3? r 18% Jan, 3 9 Jan' 3 40 29% Feb 98 1 12% 100 i Aluminum .-Boston & 10 9% Apr 13, 14 Mar 81 97 12% 17% Co_ 18 pesos i /Borg-Warner Corp ' 13 47% Jan 14 6' 30% Deo 78% Aug Deo (Del) 1,600 , 98 —10 com Mining Bon Ami Co Class B Borden 35% Feb 17 JB% Mar 30 • 20'A Jun 25% Oct Aug * 1,200 12% 30% 5 Bond «• 13 2'/2 Jan 5 Apr Bohn , 5 97% Aug 18 » 13 6% Jun 18 55% Oct , 21% Jun 23% Nov 24% May 124% July Sep 65 Jun 6 Va Jun 99 Nor 120 26 12% July 33% Aug Feb *97 *8ya :—:l l l Bloomingdale Brothers Boeing Airplane Co Jan 12' 500 . *17% *29'/2 1 common YORK •; - . 7,600 ->■ 12% .-10 i Bliss & Laughlin Inc^ . ■ 19% July.28 47% Nov 10 , 9 25'/a Jan Jan 32% Jan 7 1% Mar •• ,64 42% Apr 21 91% May 11 23% Sep Dec 90% -Feb 17% Feb 15 8 Jun 101% 15% Mar 8% 9 Aug 38% Mar 11% May 36% 24-; Aug 34% May 37% Jun " Nov 25% Feb Co Bliss (E W) Co 13 27 13% Nov. 10 10% May Dec *27% Mar 25 Jun Nov Sep 25% Mar 30 18 Jun 87% 47 , 13r Aug 50 Jan 44% 26 21 27% May 87% Nov 98' 1 „i Black & Decker Mfg Co. Blaw-Knox Co 15% Nov* 213% Sep 16 r 13"% Jan " 8 ; 6 ; 9% Jun'15" Apr,' 37% May 96 Jan Dec - • 30% Jan ,1?> . 8% Jun 17% May 44% July 22% I per share 38 17% >85% >87 EXCHANGE . ' *37% 12'/2 • 1 NEW Highest . $ per share (per share Feb *13 52% 13% :50 - Carpet Birmingham Electric Co Range Since Jan. 1 Lowest Highest Dec 13% STOCKS Year 1848 I per share 52% 13% 1,500 100* 17%- 2.50 —— Range for Previous Lowest *97 80 100 28% preferred Blgelow-Sanford * 52% 13% 28% 7% • 38 52% 28% Loan Steel 38 52% "14 ' 28% Foods Bethlehem 16 28 y4 Appliances-. Consol 15% 27% Best <te Co 337/a Oct 27 33% Jan-. 29 Oct 'Benguet 16 % 15% 28% $3.25 8er of 1946^Nopar Cum pfd $4 divserof 1948_No par 10 20 22 % Jun Jan Nov 2% July 27% Oct 46% 28% Cum pfd j 46% 12% Corp_* Indus 47% *46% 39 52% *13% - • 12% —100 Co Home Beneficial > 16% ♦38 14 600 66 12% preferred "Bendix 48 ' 52% 3,800 17% : " 12% Corp Howell 17% 17% 66 . 12% Bendix Aviation n. 82. Jan & 4'A% 17% 18% 64% 12% Packing Bell ■ 18% 17% 64 % . 12% - Belding-Heminway Aircraft 46 % ,;16 . 17% ' . •' 66 127/a RR Bell 27% 4 i Beech-Nut * 34% Mar 30 • 24 25 May 10 23% Jun, 13 Oct 139% July 37 % May 13 23,% Feb 2. 125 Jun 6% Apr 13 37% May 80% 26 4 Mar 30 4$ * 9 ——No par preferred—No par Beck Shoe (AS) 4%% pfd—„_100 Beech Mar 21 14% 90% 32% Feb 37 ; :*13%* conv ' 18 Oct Nov 30 38 18'A *18% "19 *64% 16% 38' *52% •—1 18% 8% common—12.50 Co pfd conv 18% 87/a 19, 16% - * 65 ' •'♦40%' 5 Mills, Inc '' 30 24% Jan ) 1 10% 27% Jun 3%% $1.25 div 10 . > ' 65 i—-50 Inc Foods 8% *16'A _10 Corp.—• 10% 8% , 18%* • i00 Co Works Cigars Beaunit • 8 Oil 14% 10% 8% common—_50 common .14% 10 —100 preferred Iron "' Beatrice 21 1 4%% Bayuk 5 . preferred Brothers 14% 13 100 preferred—1 Corp (Delaware) Oil Barnsdall Bath '. 20 16% Oct. 69 *■ 15 9% Feb Mar 22% May Sep ,16% Mar 3 41 Works common Aroostook 5% 1 : Ohio <fc & Barker . Inc Locomotive Conv 'Barber 7 - T) non-cum Bangor V; 20 2i y, Jan 6 Jpn 26% Nov . ■/". 4% Jan/7 Feb 46% NOV (B ( Baltimore 7 66 Babbitt -Baldwin , 7 ,13% - Jun i 18 102 39% 21 14'A 90 200 24,100 .* VolurSe'^70 ^Number '4855 CHRONICLE FINANCIAL & (1923) 15 ?c. NEWYORK STOCK RECORD * Range for Previous STOCKS Range Since Jan. 1 Year 1848Lowest .J8-- Mar 11 :■ « t^ershafe y* f P?r share 4 y 47% Dec1 r> « , •5 Feb 18 . ',.748% Apr,-. 56 Aug \7 "3% Sep." V 8% Mar 7 40% JUn 50 - , 7 100% Feb 10Q 4 56% Nov "26%- Dec 3d 'Dec. •a.. 41% -6% Mar 30 39% - Feb *—123 i Feb 140 Jan 34% Jun 13% Jun 20 V. Jan .15% Jun rf 16-—'Dec 18% Feb 14% JUn 11% JUn * r6% 3 Dec 11 5% 17 21 Central Jun 83 May Oc t 8 10 V. 7% Dec 15 Dec 11 18% Dec 28 % 7,7 12% Nov 20 Feb 33 26% 100% ' Feb 1/64 Nov 3 7 6% July v 9 V. Jun '22% tig % Dec Cerro Jan 27% Nov 3 .34% Jan T 85 45% 90 9 July 4 Feb 9 f * Nov >6 Jan Jan ' . 4% Mar .1 9% "7% Mar 11 Chesapeake & Ohio Rf commpn 25 ^ 3%% convertible^ preferred_-_100 Chic 10 Chic l.nd & Louis 13 4% Jun t 7 36% Jan Jun 28 .27 : 49% July Jan 8 15 7' 26 Dec 40 May 21% Jun 14 49% Mar 57 Jun 49 V. Jun 28 55% May Chicago & Northwest preferred j. j, Chicago Pneumat Tool com__No 4 " 9 Sep .25% Jun 17 •35% Nov Jan 72% Oct .56% Jun 14 :77 V. Nov 15 % Oct May 11 13% Nov 9 42% Feb 10 19 '■ T ■ Highest t per share 14% 19% May 4% Apr 2%, Nov 44% Oct *13 ; Jun : 2% Jun 35 Jun , 31 16% Jan 65% Jun •60. 29% Jun Chickasha Cotton 19 : 8 101Y* May Dec 75% Dec 80 105% Jan- 20% Jun 105 Jun v 78 Va May 18% Mar 23% Nov 35 Vi V Jan v/ •4V2 Dec 10% Jan 27% Dec 36 V. May Feb J47. July 92 % May 75% Dec Dec ; 183' " ;-:/;3l7V. Dec ■ Si 15 , Nov ' ,16 ."9V. Nov - f• ''"'7 %■ / - • ,—100 - 4 472 9* , 1Q75 JSn : 17% Jan 15 ,; 17 Mar 22 10 8% Jun ; 24 Jan 19% Jan 24 14% Oct 15 15 7% Jun Pitts t RR Co 7% 7 *38 Oct 25% Nov .9 25% Nov 10 • 12 Apr 13 13% Oct 9% Jun : 7 7% Feb 10 25 ; ,:t 2nd preferred— cum -- 11 46 V. Feb 25 - •27% Oct 3o»'« *8% -56% Nov ^ 3 12 102% Nov .Jan - 113 % Jun 29% May k 11% May ;. . Dec • • 25% Jan ,Vv7% Jun /' 36% July 4' Pictures ' -5 23 134 23 134 .v, 6 , -6% xl8% Dec $7% Dec v- . ,.r.,.19{ v10% '•■ 8% Dec 7% xiQ6 3JV. Dec *, Apr / 6 Jun 14 38% Jun liy4 Feb :£r. —Nq par 165 <10 Jun.14 7% Jun 16 .16% Mar 35% - . i Jun VI06% 42 8- JUii Dec 6 29% July 26 103% Apr 27 105% Apr 20 >27% Jun. 17 % Jan / 90 -. *" 99%-May Oct 10s/* Mar . 17% July 92%-Sep - 84 Ve Mar : 93 / Jun 13 laVeJan :85 Jan 29Va 92 Nov Oct ; -40 May / 3,60% Incv Commercial 99 July ' 8% Nov 13 V. May 48% Mar 64 y4 For footnotes Oct see 17% iv •: page •95 Nov ." 5 QCt •; .14% Jan * vn% Sep 2,9 ■ • 46% Mar •; 5 24% . . * 36 . * May 4 Aug 29 109% Sep 14 •40% Oct 13 101 Sep 2,1 16% Oct r 6 Aug 25 Jun 102% Aug .16 24. 9% Jan 24 70% Nov , ' » - - a, 11% V .32 v.! 20 ■ .20 :{;V 26 Vi "26% 56% 56% 10 '102 Solvent!—'——No par; 47% V4 17% U 28 % '29 ■ v *e% : • >,';'3o% , 108 .'408 ,V*uv .*43% 13% >43% 4vA5-.V. V . % 43% V .? •' • 4 ' 1 43 , 11% •;v -• . U -v;^V/vrv.v^i. 38 '7.vr;;vr> 39 •/ •• uf/W.''yi 101";'. 15 V* *99Va 15 r.T- '■ •• " i" i 1 -V*.' , 93Va- 20 Inc common i. i *400 No par'. 7 Continental ? Continental Insurance——.—10 : Diamond Fibre— .• 5 5 .* " 8% 69% ^5Va .101% ' 8% / 93% 55 —— . 39 100% '.'.'•8% ' r,o % 24% 4 . 69 / 100% - '■ ' — ^7- V 690 * 610% ' v1 1,800 7 "21,400 900 ^ 86 -.7 §5%'*■ 55%.'; 47% 28% •' 29 ' 21--7 32 43V* -: ; 16Va. 3,700 7 2,100 390 if C"./ f. tV : ■* r »> t 4 ..... • 1 "!:' 14,300 .500 » 1 ?" '',' 1,200 " p;777r:7'A •• f: 7 27Vb. 108 ( 13% »10%1' ll1/* 7 v (••:.• V. 7'.'1 7 7/7 •/ ;■. 7/ • 42% ' 2,300 • 4,000 46% /; 10% 9V* 400 1,300 , ' i 424* 7 16% 700 77 1,700 11,500 13A* 110% 11%.:. 7 '.'A 6,4rOO 29% 5 26% ;"77> -V""■.'•/-7: . v. :ii3%'7 3%,/ 11% > : 70% 9Va 4 9% • 11% - 32 Va 32 V* 111 llOVa - - *100' 16 > 93% 35 35% ♦101 101% t. ; 8'. V''- »8V* 67% " 69 V4 S . % 38% 401 *100' 7 16% 15% 5 93%; 94 '* *. :r 109 t 38y2 101 -.415% ' 111% 108% 38% >/■ 7 t ♦ilil ~ 10® 38% V /1 ' ! 10% • •* , •>\ "5 • 7* r ' !,>' V 461 Va *7% 6«»<v 260 00 ".. •/. ■v'Tx"/-'■ • V v- :»V* B? 1^00 » 6,300 /i.7-7^',. • 101% " 300 12.900 ■ 47' -77- ' , «• 35 ' 2,600 23,500 36 ft 200 1,700 2,600 »■..... '■ ;■ > Si'' si: 9% *9% i ' .- i'-ff 'U [ . 29 Va i •; ■■., .^••'777,;;.' 102% i7Va ' / - .. s■ •••'. IO2V2 1 ; V'/, 7."/.;/ 20 ->>v J*'$ 10» ' /V.V''\ .<■" ;'"7'-,7/7'. 32 / J5 Va • 27 V* - . 4,800 / 67% ' 4 31% 108 i42% 110 25 Va Vi . 25',-i 25% *67 • ..! ! ; 370 • :92% :, "• J J •-$%•' "•"•' 70 "7. 7,600 700 *nv* • 11% •113. 4, 13 713V*"; 13% *408?4 ' r! , • v ' 109 7 600 ! 12% . 10% 40 2,600 :• 13 . 12% 20' -••• 3,100 / 13% 128%' 29- ;/■ 27 2,120 -7/ 13 Va „ • 40 200 16% 12% 19% 2,500 710 13% -13 / '• 10% 32%- .6'wV.v^f, 110% -- • ■•■iWl p ^ •108% - 35% 13 '• • 1,400 7 115%,. 15% t)6% * 16% ■ ■ /.: 16% j 7 i 16 %. 11% • 32Va 110% - . - 3,600 95% 20 10 4,000 43 Va 16 Vz 149% /• •11". 1 47'.. V'i /'• 4: 9%9% /-^.7,.'__ v: 9% / 9% .10% ,11 • • v." 20 108 4 / ' 16%46% 44- / Vultee Aircraft-——1;; 32% com—-Np par V / 32% preferred No par V : niovi liOVa V, $4.52 preferred-!.-„ 408% .100% .—No par 38 % 38% Container Corp of America com—20 * * 99 Va 1.01 4% preferred— 100 J 15, Va Continental Baking Co eom No par 15% $5.50 preferred -—.No par1 ,..*92% S3 Vit preferred y4MUr<*\ ; 11% *11- llVa , Consolidated $3.75 ' ' Consolidated Textile Co Inc—10c : Consumers Power Co -<"27% •[ff'-r-t 108; </■<V;- ' -x26Va - * .• 12207l'V ? . 13% ; 7,.". V". 7, ,.7'V., if- I 30 70 .v" ~ ♦95 - » : 56% •43 < 3% ' '• ■ 1,500 158 55 Va . 27% . 158 180 " . 7/7': ; % 9% 8% i.7 9% .7;:./. V.. i.; ;7.:» 9% 7 •30 '•/ 36% 30%—30%7'/".7> tv'i.V;. :V.VV..':>4 iyitv- 3«2 > //!; 30% r30%'■ <:■< 3% mm?*; "'.•;5v-3Va • 3Vg 7 ,3% 4 V* f 56 • ■ 3,800 7 / ; ■ , "50 ' 74 v ; 7; *71% 25% v 24% -> 25-4 .' Jiv*"-; 11% 7 ' 900 , : /•//:;/" "74 ]Jt a.yf'y r 7 -300 . V •- rV- 28Vb .,,, 31 Va ■' ♦107% . Can ■ 1,100 /' •r/'1/ > • ■- o% 30% ; .. preferred-————No par-, ■- ■i 102 • Cigari—JNo par V-*3QVa Coppernjinea Corp—5V, t # ■■ 3% Edison of N Y com—No par : 27% Continental / ,;7;} yx.:/y>Sj\ x\ .p- 20 ' t,.7;7V 7 ' 23 :25% 26 V* 26%4"//.v;»X. 56 7 56% 56 56%-r '-.4 v/. ;:', ••■■■ MW'-tolW •« i4i 7 101% 10217V417%j-A'/rrk-> , / Jl? v:"t-17%7: 26 2,300 136 v.13 ; 500 4,000 39. • '220 ■: DAY 22% >66% 7 66% r 31 Va 31% / 20 . ' —100 $4.50 • y 32 ' r.4 31%'; !''¥» /•V 19%. U jj/.k-'-t-i' v*66%{.' ,S7 ! ' ..%32 "W": ft ■ 3 ' .7 ARMISTICE *134% 12% 13 /:/:■' ' 25 Va • V%" 24%. '24%-- M": 5,700 30% 12% iiy«".-"il% *12% 7 CLOSED 7 60 , 26,000 > ( 30%7 4 Va 3 ? r , 110 • EXCHANGE 42?%,'?". "410 './X PJ7% ■ 33 16% 725>v, STOCK .. . > 15% 7 15% / , - 25 7.,7. . .400 3,800 7 30 31 7 .20 13 24%- • 13 VA • 67 V, 67 • *12% -f ;/79T7'7' 46% 7 16 Va *7 i ■Shares ■'77 10703 ,107 »7 *63 V2 65 77/ 96 13% ■/;** 13% 24 Ve 24% 11V4 **12% 13 $ per share 135% € 43 . the Week Noy.; 11 .; i 44 7 17 25% i *1 • „ 85 . u%: , Sales~for Friday ; /■'. 7% 11% .55 ,■ fb />. ... '110 ! 15.8% 159% 7 , .;.^.'iv;^;::v;;/ 'fv f-i-ry/t, • *12% ,:V 7 7V 7/ 7 200 , 1 llVa 30% •71' • • MViAfoilfb15%.'.:>{'''.,.A:,vrr-.|.;/^!..y/s7v.iiCt :i6.%..- - v., %: • 15% 24% " . ; ! A , 20Va *16% , 39 i v/a 1 e%,v/;.;;,v7-v7:'.f.7v'/v>i;;;;'/ •v-i6%- ,,724% Consol RR of Cuba 6%. pfd——100' ." : 16% .16 Consolidated.Retail. Stores Inc. 1 V '*11.% ; 9% Nov '! 4 42% Apr J3 „■/. • „ 800 9,700 7-771,400 rXi 69 'iS/J/' : • 134 A 96, 1,300 7 -7,100 >7/ " 169 ; 25%,' .'22% 4..:,:,,,;/;.. *95 13% *12»/8 •.^Consolidated GroceTs Corp—^1.33% 1 Consolidated Laundries, Corp——5 Consolidated Natural Gas 215 21% Jan : 7 .12% Mar 8 Ill Consol $5 4 8 yf/Uf 7 /;. 4% ;*121Q ; *37Va 1 • .163 13,900 2,400 h .7 • ♦120- 7 10?%: 41% /'/'-A2'%/-,i"43 13% Consolidated 36% Mar 30 6%'Jun 56% Feb t '' . /..vSlv/vfilVivv.: 8,100 ' 7-7 ^ 77 "- /"■ 69 42% • 110- 56 24'/a- . 43.V4 -2% 408% - Consolidated 21 27% 108; ,157 v :7V V 4 32 16% 70;; y 163 Hl>. • ;, ,200 - tr 29% ;• 30 . 24 Va *107 ,4> r-Ts-i »133% 134%, : 1,100 4- • , 56% 7. ■ '! 85' ■ 30% . . . > 7 : 43Va 7; *7% > 84 7 . '<*69. f? . • f/'fr ♦28-;!.-:='!y;::7ai!^ 13 13 Tb Commonwealth Ediaop Col——25 * V Conde Nast Publishing Inc—No par1 ; ?Congoleum-Nairn Inc— -No par ' 9 ' ■:% ■ :■//' 13 V: /: —N° Pa*' preferred NftV 32 96 30% Jun ' . '■ .j! „ 8% / H6% 11%; :•:>> v 4% "61% * ; 11% F" 30% 165 . 61% < 5 Ohio Rlec Co So Engineering Commercial Credit common— v4% Jhn 13 23 • ,106% May : 10% Aug 22 2 30% Nov Feb 23 'Jan %/!..: ' •' " 8 12 v. Jun 15% July - /Sep ~ 'lit > *,15 % May ! 98% July ; 100 Jun 29% Sep Nov Dec ; 51 Dec 29 Ve • i: , - Dec / 29% Sep 28 3 7 30 *21% Feb 25 July 108% Dec ' 11% Mar . . V2 May 25 y. 21 : Mar "103% Feb r >24% Jun . 4,000 - 7'7 \UV„ f; 55, • :25% . 200 7.-7" ■ ; 25 *82 25.%. *37%.-. 37.%- ? -» 102/; 102 , 7;/. 25% 7' 101% 24. * - ' 100 20,900 3,600 share 29% *120f ! 469 ::;7- • . '\ 76 ; 55% . : 30 " . 1 , . /•/7;;7500 'Z 13% 42 {/ . 58% '8 ( 22%■/!•. 22*f :73 ■:7a- —100 common—No par Carbon Go, Superheater 7 17% Jan .'22 May- .'25% Feb 41 V i 2% Jun .14 32" i ; '4'It 'Sep ^/■ v. ' 110. • '■. - V 35 Va vr : 32 % / . -,..4. *107., .103%,- ' *64 ' 64 4% ; V4. ',5*Vi t ' ('• 25%. 30% $4.25 cum preferred w W—-No par • Columbus 5 95 July i" 29% May Nov ?5 v; "J 43% -": "* 109 11% U% rf *4 % —No par —-—i Columbian '32%. Oct 31, 22% Sep 14 +'21%Feb - 53% July /":' 27 % Dec </ x?4% Dec -:/>;' / , 4 - V " 42?i V.,: : „l_—1 Corp_-— Columbia . "68% Sep 28 2 13 18% Jun 29 . '■% :f, .'39 ,: 1; : com—100 4% non-cum 1st preferred 100 4% non-cum 2nd preferred—100 Columbia Broad Sys lnc cl.A„—2.50 /,/i.i Class B —-—-—2.50 ; Columbia Gas System .Inc—No par 20 '16% Jun 22 lne_ Colorado & Southern Ry 20 14% Oct 20 V 17 Ve Jun J 6 28% Jun ..'24' •65 V-t 65 i - 16 -18 6 '26% Jun Nov 17 * 120 - • -169 *68" 70 ,, 26 Va - i»xl6 31% ' ■ •7 , 3Q% ' Z--H, 1 ;^/3,%..;'73'%v.:; 3% / 43 X56V* ELECTION 84 30 1,700 '■■' ,7/ ■ • 7Va . ) 14Va : " *16%' , 11 14% 101% 25% fff .4 y;>f : iff i.af." Thursday "77 9"*- .C^QSEG.'i/i , T ,20% Sep 13 J.un 7 V. Jun Jun 104 ' " , 120 f 3Va . :■>; Nev. 19 f\ 3.% 7 » 102 *82 84 {*1280 Coca-Cola Internat< Corp-< JNo par /' 43 ■ : 42% Colgate-Palmolive>Peet com__No.pax 96 ../ $3.50 preferred No par // / >*95 i- *13% ; 16% Collins & Aikm&n Corp-——No par 20 Va Colonial Mills Inc_„ —20/: sjty ■ 2Q Va Colo Fuel & Iron Corp com—No par. rx 115% %*5% / .*16% .17 ;•'- 5% conv preferred— 20/ 13 15. & V-Class A 9 96% Sep 37% Apr Jan 1 Nov. % 7;/ *42 v . STOCK 56%:••••• 56V8'.,; -/;/;/" / DAY.;.% / 8% 8% 4% /V "107 V. 108 % Coca-Cola Co (The) common_No par 5 . 43%-Nov 8 12 V. Jun Jun ■;.>.?! 4% Sep 15 July 25 : 64 : 113% Feb • 5% preferred. Combustion 90 8% i *25 Va 1 Cluett Peabody & Co com No par. V 7% preferred—100 ■. 82% Jan 28 25 Dec 36% Jan x25 Vb - ' * 101% 26 . 56% ; 56% par Graph Bronze Co com— Clopay 2 5 >48% Mar .' *23% '31 29"" : !'': V'<7\,- 7'7'X 2,300 2,700 , v..;/. 177-; ■ C„ ■ 6% v - 35Vb .* *; # per share ..:/ EXCHANGE ';/.:/■ 58% 58%' . 102 102 ; ' , - ■ , 27% " 27 Va Wednesday "'ft V : 600 "7(200 5,300 r '51V* '■ 52 - 31 cpmmon^Uvl---5 V U &% /: *81% preferred-4 —100 Clinton Industries 5% Jan 12 141% Sep - Jan C 5 Jan 13% May 78% Jun *18% Feb 58% 58 Va 30% , 10 —'__1001 gtd 50 Special gtd 4% stock—/— 50. Climax Molybdenum—No par r' ; Cleve 19 89 V :. Cleve 26 30% Feb 7 Dec 49 28% Jan 29% Feb Oct 14% • Sep 4 31% Oct £ Apr 26 NOV 1075: 31% May Nov- 20 |0% Feb v:|V , 54 32 V. May Dec V 15 *124% JUR 13 18% July 17% July 9% -Dec 20% ,11 Oct 18% , r , * '7; 35% :E}14% 43%":-% 43% ''.4.'. .' 10% *13 r * *31%'/ 32 if' '+ d 5,000 81V* "/ * 76 " July 19 133 9 15% Jan ■ 3% July 11 Apr 22% 22% . Feb Dec 11 ' Aug 15 21% Jun 257/. May 26% May & 16 Feb {7/12% Feb v Aug 10 ; 43 24% Jun .22 V JulyJan 45% 96 x87% Sep 43 Va *31 — mFeb 17 10% Aug 23 Jan 1332 1332 July . 108 11 Jan 137 63%" Jun Dec 1 30 % 30% City Products Corp,.. —JNo par *16% "17 Vs City Stores Co 5 1V *24 24% Clark Equipment Co ——20 C 0 c & St Louis Ry Co oom_„ 100 4/ *120 v' 169 *68, 70 V 5% non-cum preferred— 100 Vi Cleve Elec Illuminating com„No par 43% .';43% $4.50 preferred. :-No par ?■ *108% 109 Ve > .26% Oct 13 16 '62% Jun 14 * 47 Va May v 3% 43% —_100 Co—25 preferred__^4_T 5%% . 112% Jun 46 Oct "29 108 Jun Apr Dec- 6OV4 Mar 85 12% . 8 43% Nov V 3Va 26,000 323,500 - HIGH SAJLE PRICES t 14Vi . '^7/1/1; ri-!'".; / 27% ./ ''llVi ' Dec .134% .30.% Jan ?! 14 36% Mar <1 ; preferred— Machine Co I T Financial Cofp No C 1 68% Sep 28 108 Va Oct 137 .4 ' Dec 34% *14Va rl ■V 'V / 27% {7 13% pper share . 1,200 , , • *10% 51% Nov. $ 9.per share ^ * ft :v f27Va/ 28 Va . ;13 r .,.77/: ivi-- 28% 3% -'76 Nov. 7 6,200 600 28 Va Mondayv/r-Tuesday:'vj' / 100 . ' 28,100 U Va 35 P7'".. 23'V- '• 7% 30 Va '/ 20% 'T J 13% 14 >% City Investing Co '■■■yUp * 39 i 21 19% Oct . '" Jun 69%/Nov- . 6 Sep 30% Nov 3 - 20% Jun July 111% • 22% Nov 105 , Jun 88 . , 34%' Feb ■■tK Jan 16 43 Jan , 176, , "86 17 25; . May 38% Aug fj; ./July 1 70 : 7 /. (-27% ■> 3,400 7 .7".'.'; "? ■ ' 28 77 433^ —3% common. Copper 4% Nov 2 3% Apr, 16 v -79% Jun Jun 33 27% 7,7 y,. - : 6% '51% 1 35% :|/v4,*i3 ■ '11 : 3,000 . 3 <»'• 7 >• 100 300 .7.,. , /«.;•; :■/ 7;4 V ' 9 V* • > ' . 9% 3Va 7% :i % - .4VB:V'4Va "6% y vt ', £ 1 .10%. UVa 'in X ii'/a •"18%:' 19 Va ll'/a ■ > 1 ! 96 7 '• ,7Va 81% /, 600 1,200 i ■'{ V .. 428% / 19 V'2 19 Vb * „ J " /" %■ . X 76% ' 13% [' •* •„ ♦22% 4% 9 Va € 3Vi ' ■ 7V2 ' 52 35 Vb ■ 76% ?14 Cincinnati Milling '58 3 6% Feb 25 21 Jan 27% Mar 176 42% Jan 84% Apr 24% ; Dec 15 V. 26% Aug 18 : Jan -10 ' ■ 9 per share Cincinnati 105% Sep ,7 48% July Jan .7% 35% \ ■■ 'GVs t * . f' l 13% //. / t • ..11% *6% "" ' 4. : ' . f * .' - * ?.R V /;95 Va . si '11% s ,27%-:, 27% 28% f, 9 Va /:'/ ■ t 6 V* ;^22 128% ?■/ LOW AND Chrysler Corp —:_4——25 Gas & Else com— »_8.50 ' .» 11 . Feb *20 May "22 vr//;:.v...:.%' ; 28 28 Nov. 5 Oll_. 95Va V 6% s : .-.2R 27 Va; >, 300 .-•'•• 18% , ;7>43% .95 7 >48% 4.4 Va r27Va v'. I .7-/7' , ' ■' 27% & ■■■ "7- .•'28%,:. ::/-'-'' 74/*50% 52 ' Chile •32% Sep 16 Apr 25 97% Jan 4 Co 5 Va % 7 Jan 59% Nov 26 % Childs 7 Jan - 36' -. 44% Jun 14 Feb 36% " 8 28 Saturday Par 13% '27 V* 7,' 4 28 par No par ' EXCHANGE 5 V. Jan/ ,1 16 . Jun Nov .27 7% 100 f 1/256 1/256 s ll% >, 11% ,;/ i 7 Vi, v 7 Va " 7% . - . 4: 11%: 4% : . , :/■•/■ 29% "30%-' 4;-7:11% ' 11 v^ 10,000 .. I - - 15V* ?85% V 86 Va y. 9% 9 Va 113 • ,. 13 V* }12.% 12% . •18% 719%; " 20 50% -Nov preference 9 per share ; 6 . 23 Ve 19% Nov 28% NEW YORK STOCK ' 790 11% , , 9 per share 63 Vi May 42 Jun Feb;: 31 ; < convertible Range Since Jan. 1 Highest Lowest . 9 per share Feb 29% 11% j" J' >; ,700 280 .34,% 34% *nov»;iiiVi 12%.c 41% iV/-: STOCK8 V/ Year 1948 Lowest > 7 t — Range for Previous ,77 29x/4 - > ' : * x 3,800 4*3% 3% 113%.(.13% 4 8% 8% 1 7% . .11 3%. -4*3% t * , 1.7 Y* 15 V* 1/256 1/128 ■ 7 / / 7 i*8%t,i .8% 10 : 8i 4r///;wf.yr 12 100 ; 18 V* (47 Va ' 13% <. 42% .11% i, ••. 18 : f»% : 9% *13 , 6%' ' 3% 7% / V.JL 9% t • •/%V;19%-;/ 19% • *3% / 7Vz 28 *50% Chic Rock Is & Pac RR Gou-No par «• ; 35 V. Conv preferred series A "—100 /K; *76% Chicago Yellow Cab—. Nq par *13,$3 9 July 25% 45% : t pV *28V. No par —100 com 5%' 29% Mar 30 1 ' p ; Chic Milw St Paul & P vtc__No par ; "Series A preferred vtc_ —100 *: 33% Jan 14 9% Jun 9% 11 8,300 5.200 28% 29 V* *102% 103 Va 138,../ 129 . . 33% 3.4%; 110% 410 Vi 86 % 86%? . 81V2 .4Va"'.-v"#'v 4Va 9% 10% 11% 12Vb 18% / 19% *6% 7, . Ry Co class A__25 ...,, . *80% 81 Va 4% 10% . Class B ———j—.w—,.-No par ■ 8% Jan t Jun 13 :1T ' 23% July Jan 5% Jan • 13 Jun ... A- ,, 101%; 8% «% . 28V2 ■■ *9%. 40 20% Nov 3 ' ., 28% *80% *4 Va : 111 RR Co com__No par A .12% Nov Dec <" & East Class May 16 11% Mar 30 14 Jun '. ■ v-'-.r,4 ; 300 1400 •• 44% '142 101% *.13%,, 13% *v:»"} ■: Vv 29V. 28% m. Chicago Corp (The)— —1 Chicago Great West Ry Co com—50 5% preferred——... ' 50 12% Jun *28%, : f t 12 33V. v 1 No par 7 7% Feb 24 13% July 41% July 30 Apr -13% Dec 13 Feb 7 5% Jun 28 15% July 34 3.3% 34 / 1 110 ...... 7. Feb "3 5% Jan 21 13 Jun 9 22% July 7% Jan - 3% Jun •'• 12% July . :12 - Jan" 8 17% July 14% May 7,%'Feb . • 5 ProduptS Champion Paper & Fib com—No par 7 70 Dec Dec 13%t. 13% 8%.. 9 . 1 ■1 , ;, 5%- , ,*3% Vi hfiti *28 %.:.!>'t 28% v%h x27Va ...28 % ■ i rhifufy ^/,4/i i $4,50 preferred..^—. iljfi•» _No par .•>/*94%.'. 95Va t Checker Cab Mfg—' *6V4 "• 6% *6Va 6% a ■",i Chesapeake Corp of Virginla^^-—5 *21 22 28% Nov 3 .98- ' Oct 14 7 76 Va ' " ■ 8 July Jun 8% Jan 28% Jan 31% ' * 13 V4 *141 <. ; 2,400 ;.. .{DAY '../. 7 -,/32Va.;V32Va 18% 8%,. 7 . 3% 3% '43% "armistice v; : • 400 . 7j t35 (■ 4" 35 y V 8V«; 8V4 t • 28% 18 V* 3,000 t " Certain-teed Co 3,300 130 it closed• 31% • «15%... 15% ; (17 y* /,; 17V*: v'. 15% i5 Va' .'V ' 6 Belt "•!" stock EXCHANGE ■V 101; 300 - t31%.„ 31% 7} 4 103 103 9ii *8% 142 128,-130 , :rV-'r?. 15 Va 2 Chain 100 Va ,31% 101% 7/ 28% V .14% Oct 17% July la Jun No par , 32%,; 32% 7 18%. ; 1'.: *17%' 17%..,vv/- .. i'i V: 'j 44% >. 139 < 101%,,,..: 28% Nov 13 !91 jun 14 5 V. Aug 31 May Co^^-S.SO 400 ♦56t.,'.F. ;i 58 u1/ <; 8Vb : 8% - / 101% 18% ... • 9 ■ '4/;.<vv; --O, • /t-f-"-"-'-!— Copper Carp^-i. 32% " ■ ;;0 141 15%. 8% • .. " 55 %7 • .43% :•.'•• ;i,7U10%. 110% > .;»85% ... .87 vvj/v v/f >MV-.; *86% / 9%) •;|0%>nv>« '///"/'•i-' Ji.'lf * / 9 ;. 10% 13%V-14/| :;4'v/ 4y 13% 13% 12% .12%. .... 12Va JL2% 1/128 1/128, ;r .in» 1/128:1/128 : 4 v/..-'."* i' / f 11% ^ii% '":///«".:41%,;,. 11%.., ■i, J. *7% 7% i 4/ £ .'' -.7 t. ; *71m i- 7% / ■ 18% 18% CG 0 19 1. -19% 14 14V:(i..v.,vr-."r r ;• 14 ; 14l/« West Corp eem_6 ; ;c35 ' 87% f, 50 de Pasco .... 3% • 110 j class A—50 N 16% 34 .• t;; ;■,' 14 Jan 15% 30 Co of South Central;: Vlblieta^Sugair Century Ribbon Mills 11 ' '7% 25% Mar & ; 9 / *-^-^.-^—100 Corp 3-40%* pfd—100 B '.Rights 81/* Mar 39 • 21% Jan RR Class Central "13% Oct 29 8 '14% July 13 Apr ' 7 r * 127 '.13% . . • *101%. 103yr.fr y. .128 ' ■«':*/■■& sU'iV •v.,. *3% ; DAY.^i!;/' s„ "29V2 7'28% ,/29 8% r . 4414- .44%,«•'r.' . 15% 1 ,,' preferred Central 10 7 Jan SO 11% Oct 5 U> Jun ",.'17% Feb 4Va% Central NY Pr .14% Oct Jan 24% 4 *13% Oct May .7 Oct .•''•■/ 17% By Co vtc No par preferred series B Vtc^.—100'" 35%: . 32.,.; 401%. •17 ' 58 , . 141 •"*15% t . 1 rs% 103% 18% of Ga i:i2.; Sep 9 ;88% AUg 24 5 Jun an Aguirre Sugar Co____4.—__5 ' 35% 101% . 127 •„ ' Central Hudson G dt E Corp__No par Central 111 Light common i. 0 1/256 Nov. 9 ; 9%Feb ?8 May • ' par Foundry 5% 13 13 1Q % Jun 29 V. •101% ■ 13 V. Oct • preferred-. Central "8 Oct 35 2 .79% May 24 " eomTn'on/__-l—No Corp Central 7 9 104% Jan T3 ; V . *.56 . 31% ; 32 *f-> V Shares r „ 141 Va 141% ♦101 % the Week 48 *15% ',45% *15%.'; 18 Va • *56 44%. .44 V* ' ' 7-7 Jan 24% Jan 4 -33%N.v 108 6 ,12% Jun 17 6% Mar -,/, Oct 7* 11% Mar 14 14 1 8% Mar 100%: Nov :::74 Celotex 17 Jun .^4-,_,-100 1st -preferred-j——^-~No par 2nd preferred——-~___110O 29 Jan 4.20% '• "i 8V4 %■ . Sales for 1 t per share , v..'.•vi.'' - 35 Vi ' *8% $4.75 "'■VA 16 V. *35 . Celanese Corp of Aiper com—No par 7 26% Jan 18% Jan 17> Co « 48 49% *48 ■: ' - , 1 38% July ;.y 22 V. Dec 15 (J I) Preferred 32% Jan-v 7 ; 7% May 31 Sep 12% Dec 9 Mar 7 ' " I- < Jnersliq're y* ■nct-s^xe x r. 58;:%! v,',.". 8Va,:'8% -8% 8%::s%. : ..STOCK :• 100% 401 ,./ 100% 101%, ..exchange, it: 31% '.31 %., 31 %:,<.; SEP •{£ 7 31. ^ 31% *30% 31%. 31% %vv3l%,:/.?i%'.; i:;/,-'/ '.; *16/ • '".,10%': "■ "15% 16 ,N. ELECTION 16% r„ >■•31 ya in 48% 15%'.'v •«" "i 101% 31% common^.—,*—..--.25 7% preferred—--..-^ 100 "" Caterpillar Tractor' common. 10 V< 131% Jan 7 6 .^2%." Feb 7"l7%7Dec .6% Feb Case 13 13 JUn xI14 '5 % 1 105 May . NOV 34% Sep 102% Sep Apr 23 <; . 142/ - 4 , 7/'___., common j Conv'preferred 4% •ferieat*_^_~50 Carriers & General. OojrpJ—^. 1 48% Friday Noy. 11, &.„No*./l0 t per share , 15% f- .. 8 E'B r '100% 5 " Carpenter Steel Cn Sep 29 44%,Nov 11 97 1 Carrier -Corp Light-No ■ 58 8% . pax 7 •; 8% Oct 17 'ft $ per share fT 15 V. ♦56 , 1 o Carolina Poorer & . 10 July , Capital Airlines Inc..—* 100 /• .^7% ;.••• ■26% Jun 7 100% Aug 29, 23 % Apr 22 Jun 105 Jun 131 147% July 97 - ;30% Mar, 4 76 Feb 24 May -62%-Jun Feb 22».**Feb j : $3 Carolina Clinch & Obio Rjrw. Feb 49% 15% claSf A common—l, preferred A——, 10 . 16% Oct 27 14 .12% JUn 14 Jan 9 35%-Dec 130>« '25% Jun f 47% -No par Capital Admin 3 '**, Thursday Wednesday Nov. 8 Nov. 7 4 per share PRICES SALE HIGH ANB Tiiesday Monday Nov. 5 31% Npv;; 4 35% Jan 29 26% Jan 17 . Jan "43'A ' ' ; k !", 19% May 7 -'-12 Vr-Dec' .♦~j3G r -Nov 7- ""July 32 'Saturday - Par. ; 9% Oct 31 " 108 7 LOW v STOCK Cannon Mills Nov- -ri . /l&% Oct 36 -I' - YORK EXCHANGE ; . per there : 49 23 jun $ NEW i k 1 ; t ;s ; A Mar 5% Fe b v 110% Nov ,, 9 per share ~;12% Mar 23 May V Highest Lowest Highest fl V ■ . .% ■ cV-ftn ' y" WV"4 •" - - ■■■> &■ 440 7.600 /> . 200 $00 \ c»m 16 . THE (1924) COMMERCIAL-&, FINANCIAL CHRONICLE NEW NEW Range Since Jan. 1 Highest 7 10% Jun 5% Jun 14 8% Jan Feb 69% Jun 47% Feb 11 65% Oct 27 Continental Oil 19% Apr 11% Jun 14 16% Jan 3 Continental 28 6 19% Jun x49% Mar 68 9 Feb 13 43% Mar 21% Nov 15% Feb 57 y4 12 Nov 23% 88 NOV 86 Jun# 7 1 Corn 3 19 3%% 28 Cum 57 Jan 6 8 65 % Nov 3 Sep 4% May 3% Mar 23 Jan 9 Deo 1% Dec 3% Feb 1% Jun 13 2% Oct 31 Feb 39% Jun 21% Jun 13 32% Jan 7 98% Jun 96 27 92% 8ep 8% 13 Deo 24% NOV Dec 23% Dec 27% Oct 18 19% Jan 7 S 14 42% Apr 13 $2 29% Oct 13 Jun Feb 103% July 94 90 May 24 Jun 28% Jun 15 V« Jun 78 y4 Jun 55y4Jun 30 26 34 Jan 21 12% 155 Feb Apr 7% Deo 160 Jun May 5% Jun 13% May 160 $4.20 7% 8% Mar 29 Corp Cudahy Packing Co 4%% preferred Deo 24% 16 Feb 28 23% Oct 26 24 8>/4 Oct 27 Jun 14 145% Oct 28 87 43 V* Jun 28 52 y2 Nov 9 3 *9% Apr 4 14 Mar 14 24% Jan 7 Jan 21 26% Jan 7 4% Feb 4% Feb 12% July 7 Feb 28 y4 18% 133 Jan 21% Mar 18% Jun Sep 137 July y« Jan 133 137 7 19% Sep x31% May 101 % •99% 100 4% 4 */s 4% 100 64% *99 " 100 100% 65% 182 4'/a 100 65 182 4% 20 65 *181% 4Vs 270 1,400 182% 60 4'/a 2,500 4'/« *2% 2% 2% 2% 2% 2% *2% 2% 600 27% 27% 27% 27% 27% 27% 27 '/4 27% 4,200 *101% 103% *101% *101 104 *101 Vs 104 104 12% 12% 13% 13% 14 13% 13% 27% 27% 27 Ve 27% 27% 27% 500 15% 16'/a 15% 15% 15% 15% *38% 3,700 40 39% 40 39% 39% 40 40 Curtiss-Wrlght 28% 28% 28% 28% 28'/4 28% 101% 101 % 101% 1,60£| 100% 100% 100% 100% 200 100% *98 101 *97% 100 y4 *97% 17'/a 17% 16% pfd 17% 58% 58 '58 23 23 23 15% 15% 15% *160 180 7% *160 -7% 7% ----- *67% 71% •67% *11% 11% 11% *22 % 23 < •• 7% - 7% ;. 53 7% 20 y2 15% *160 180", 7% 70 l. 15 % 180 1,100 . 7% 67% *11% 11% *22% 23 *22% • 7% 67% 11% 23 * 7 '/a 142 20'/a * 7 7% ; 20% 7% 20% *136 ' 21% 100 . 4,700 820 1,500 7% 7,700 21 2,600 140v 21% 21% 1,200 * D 9 15% Mar 18 Jun 13 Jan ; 4 96 Aug 18 5 14 Jan Oct 94% Jun 87 13% Deo 20% Jan 11% July 14% Deo 17% Jan 15 89 Jan 13 24 17% May 2 Dana Corp common.. pfd series A. Davega Stores Corp common 5% Davison Chemical 18% Feb 28% July xl6% Mar 8 22 Va Sep Feb 31% Aug 26 y4 Jan 3 31 82% Nov 94 Jun 92 Jan 4 98% Aug 18 Preferred 3.75% 84 Sep 94 Jun 92% Jan 11 99% Sep 22 Preferred 3.75% 29 8% Nov 15% Jan 7% Jun 30 12% Nov 9 Dayton 8% Sep 13% Jan 4% May 31 9% Jan 7 Decca 27 Deo 42 Jun 17 Jun 14 29 31% Dec 46% Jan 30 % Jun 13 43% Oct 27 29% Feb 34% May 31 Mar 29 36% Sep 15 38% Jan 50% 26 7% Feb 13% July Jan 12 Co & 7% 13 40% Jan 21 Delaware 13 9% Jan 7 Delaware 20 Apr uec 8% Dec 21% 21% 21 27 27% 27 27% 47 47% ctfs for 2 14% Oct 26 Derby Oil Co 20 3 23% Sep 16 Detroit Delaware Power 26% Oct 15 Jun 14 24% Mar 11 16% Jan 11 % Jun 20 13 19V4 Deo 35% Mar Feb 38 2 Mar 29 Rights 13 3 Jan 7 Diamond 1 9% Jun 14 12% Oct 19 Diamond 13 9% Nov 4 Diana 12% Jun IS 17% Oct 13 Distill Lowest Highest $ per share NEW Highest t per share Dec 20% Oct 9% Feb 24 17 Jan 8 Nov 41 Jun 24% Feb 14 35% Nov 10 Deo 58 Apr 45 % Jun 13 53% Nov 10 Deo 23 Jan 10 12 14% Mar 29 40 Jun 25 Jun July 1 11% Nov 19 Feb 12% Jan Nov 67% Apr 48% Feb 106% Nov 31 % Jan 98 83 12 Deo 12% Dee 20 18 Oct 43 Apr 29 101% Apr 22 Dlvco Corp 04 Je Fel II Dee 124% 99% 116 15% 4 11% Mar 8% Jun 119 Dee Dee 0% Jan 106 Jan 8% 28 3 112 Jun 9% Jun 20 13 66 Jun 11 16% Oct Feb 13% Feb 1% Not 48% Dee 12% Dee 19% Not x68 41% v. 2% May 17 Jan Jan 14 14 Jun 164 Jan 21% Jun - 5 7 14% Apr 88 13 i Jan 12 34% EXCHANGE 34% 33% 34-. EXCHANGE No par 17% 17% 17% 17% CLOSED 17% 16% 17% CLOSED Dome Mines Ltd Douglas Aircraft Chemical No par Co 2nd conv Corp Kagle-Flcher Eastern 94 , 14 2% Jan 17% Jun 28% Nov Jan 75 49 Oct 42% Jan 14 23% Aug ?2 29 9% Feb •0% Feb 99 Sep 4 Dee 16% Aug 17 14% Jan -6 34 Jan 104 Jun 100% Jan 24 6% Not 4% Jun 6 16% July 65% July 68% Apr 9 X29% Jun 16 -9% Jun 13 -48% Jun 55 it July 12 Jan 3% Feb 25 9% Dee 7% Mar 20% May 11% Jan 6% Jun 13 94% Dee 9% Dec 49% Mfcy 7% Mar foot no* «ee nape 6% Jun 28 36 Jan Jun 24 4 15 - Nov Electric *7 5% 123% 123% 100% *100% 114% 114 % 114% 114 % 114% 114% 114% 10% 10% 10% *10% 10% 10 Va 10% 18% 19% 18% 18%' 16% 15 15'/a 8,500 14% 12% 13 7,300 60% 18% 15% 15 15% 13% 9% 43% *9% 43% 187 9% 9% Jan 5 43% 43% 190 43% Erie 61% Jan 24 5% Erie 31 5% Sep 28 10% Jan 7 10% Oct 26 3 6 Electric RR \ '4,000 500 *92% 93% 93% ,93% 94 13 13 13% 97% 96 96 7% 7% 7% 14% 35% 35 35 *1% 1% 1% 40 40 12% 11% 11% 12 12 27% 28% 26% 73 Va 73% 40 - v75 10% 10% 10% 73% 26% 10% 17 Va . 17% *48 17 Ve 17Va 51 *48% 17% 17% 34% 33% *100% 101 % *100% 101% 6% 6Va 6% *10% 10% 10% 10% 100 *51% 52 52 52 *56 60 *56 ftO J . . 10% 17 33% - *4% * ft 8% 60 * 4% 8% Eversharp Inc 1 9% 9% Ex-Cell-O Corp 3 *53% 53% 2 0e *3% 3% - 6 Va . <. 4% 8% 9% 53 *3% 8% v 10 400 38% 2,100 14% 35% 1% 1% 39% 39% ; 12 26 73% , r 69% 50 500 . *'Vv ? - : - V 12 200 3.700 400 .800 26% 16.400 71 1,400 48% 27% 17% 17% 17% 34 101% 1 6 10% ♦56 4% 8 ; 10% 49 25% 27" 101% 6% 10% 52 10 % 209 c 17'/a . 10% •" 1.400 i 17% 3,700 13,600 - 60 ■" 4% 8% 10. 9% 9% .53% 53% *3'/s 3% 17% 17 % 4.400 *337/a 53 3% ;• 7% 38% 14 % : 34 , 51% " 4% 2,900 ' 27 17 % 17% 34% '. 40 40 13 97% -*34"% - 28 40 Va • ; 1% 28% 1 » 1% 90 7% 14% *34% .35 ■ 26 - *95% 7% 39% 15 No par Pittsburgh RR Co 7% 38% 39 1% 190 12% 38% 26% . 13 97 % *14% 51 -.106 1 12% *95% -4 Bldg common Exchange Buffet Corp *92% 94 *26% 1 1,400 10,700 17% *48% ft 9% 43% 27% 3 10 1,600 17% 96 common—.2$ 500 27% 12 Va - 5 17% *186 38% 70 -iV..' 1'; 28% 190 35 - ; 17% 26% 06 230 !; 28 ; *39% , 500 . 17% ♦186 . 14% •14% ; •/■/..:■ 28% *7% - 400 ' 17% 38% C Mfg Co Eureka Williams Corp Evans Products Co ' 9 Va 43% 59,200 ■ „ 28 *92% 1 preferred series A & 9% 44 Va 62 1237/s 101 28 *27% 1 (The). Gas Equitable Office 14% Jan 21 .. 60% *186 -12% Radio & Phonograph Empire District Electric Co_ 13 61 187 -*17% -17% *95% Emerson 2 2,300 1G0% * 14% common. Natural 500 13% 13% 123% , 15 ~ioo conv preferred preference El Paso 18% 59 Vs ■ - 18% .tie 5%% 5 ;. v ' 18 % 100% / 16 Electric Storage BatteryNO par Elgin National Watch Co If Elliott Co common, If 10 13% 7,300 123% \ 18% Convertible preferred. -No par Elec & Mus Ind Amer shares 12 6% Nov 5% Apr 118% 13% 16 106 Endicott Johnson Corp 4% preferred 53% Nov 18 j.f- 1,500 - 58% *9% common. Auto-Lite Electric Boat May 16 Jan X / 13% 82 ♦76 * 6,400 •.= DAY 109% 17% 82 15% It preferred Products Co 34 Va Nov ■ \,£s. 13% 109 18% *76 .V-- ARMISTICE 100% 18% 1 Emerson 68 110% 18 ■ 15% log 13% Jan 7 18 Va Oct 18 17% Nov -7 104 ■ 800 700 9,900 1,400 51 107 ' Co common preferredElastic Stop Nut Co, 51% Oct 21 ; V 50 % *.106% .It 4% % 13% Mar 24 Deo - 250 66 51% 110 ' 300 123% 100% 10% S 4 Va % .65 % 300 51 107 % _1 Manufacturing Co Ekco 5 51 13% 59% 124 •114 .1* Inc— Edison Bros Stores Inc common 2 34% Jun/17 10% Jun g 12 y8 Jun 13% 100% 8 preferred Eaton 8% Oct 18 I Jun 15 Feb 6% 43; Jan 7 15% Apr 14 36% Oct 14 14 19 Eastern Stainless Steel Corp. Aug 12 May 1 Jun ♦18 13% 180 common. Eastman Kodak 7 33% Apr ft 12% Feb 25 8% 19 351% 67 V« 51 " Apr f Corp 1st pfd Co Airlines astern 18% Oct 26 101 13 ♦18 58% 16% Mar 29 18% 12'A 35% 106% * DAY 82 ♦123$ 20% Mar 30 18% *76 ELECTION *11% - & Co— Common Duquesne Light 5% DWG Cigar Corp 17% 110% 18% 84 8 4 32% Mar 18 1% Jun 13 110% 110% 18% ♦77 No par (E I) -34 66 51 % 107 Vs 1 International - 67% 50% *106% 100 No par 19 r 110% 80s 67% 51% 107% •106 No par common preferred- 68 51% -No par preferred. Industries ♦67 18 common No par 32% Jan Shares fper share *34 Va series 26 for the Week 34% series Oct Nov. 11 f per share 34% $4.50 13% Jan 7 47% Mar 29 Sale* Friday Nov. 10 $ per share —I Corp. $3.50 202 Thursday Nov. 9 $ per share STOCK Prefemed 5 V 10% Preferred -Nov Wednesday Nov. 8 *: 10% 1 16 Tuesday Nov. 7 10 % $4 preferred series A. 10 Monday t per share ' '/ 10% 124% Oct 12% Jan ■{ Nov. 5 102% Aug 26 115% Jan 12 94% Oct Jun i. 10. 10% Feb 6 / I per share Nov 48 4% Jan For 62 Jun 13% Jan 11,400 10% Dow jun 29% Deo 16% *50% 2 27% 9% Mar 16% 50% 20 74% 20% July 16 y4 Deo 16% PRICES 50 51% Nov 110% Nov Saturday ; •< ; SALE STOCK Doehler-Jarvis Deo 13% Feb 97 37% Jun 56% 15% Jun 13 STOCK HIGH 53% Dupian 14 LOW AND 10% 11 Feb Jun 39% Not 16% 3,900 53 14 y4 Oct 13 10% 3.500 9 10% 13 38% Jun 93 11% 9 53% Dunffill 14 19% May ll'/a 9 Va *10% 11 7% Jun 93% Jun 16% Jan ll'/a 9 *53 20% Oct Jan Deo 500 11 16% No par 8 97% Jan Jan Ms r 9 16% 11% 9'/» ll'/a 21% 35% 41 VA No par 3%% 14 700 35% 41 A $3.25 83 21% 35% 41% 35 Va Pepper Co Class Dr. Dresser Dee 12 21% 400 • *41 11% 2 Jun 11% 21% 35 4 22% 33% 1,500 35% 41 700 11% 86% Jan 21 46% May 400 : 35 24 ye May 7%. July 11 175 11% ''•"-Ue-.'-J-" *<%<■.'• 6% 12% 19 Not Sep 11% 57,900 32 57 35% 20 3B% May 20% May Feb 12% *53 *11% 29 19% 86% Dee *11% 21 Va 57 *35 Sep Oct 18% 23'/2 . 12% Sep Deo 157 23 / ;*V.( t •35% Apr 11% Deo 7 23% t *34% 17 is 13% 2,000 1,400 4,800 •: 23% *21% 9 i'v;-;;!;• 14 22% 12% *12 16% 47 23% x41 8% 22% *11% 78* Jun 373 •13% hXf & X35% 16% -46% 14% 22% 1,900 2,600 l 101 Jun 14'/a 22% /■ 2,900 „•/' No pai Jun Jun !•;."»;>♦ $ 1,000 1,300 / •/ 1 6% 22 _ Du Pont de Nem 111% Aug 10% Deo •' 12,800 % 42 S Dixie Cup Co common. July May May 43%Jun 113% *21% Par 108% Sep 7 82% YORK 34% Nov 4 18% Sep 20 72% Oct 24 3 47 Xl8% 12% EXCHANGE 13% OCt 12% - 1,000 V-'. 38% 6% 36 $ per share 46% Jun 23% _80a 7% 8 24i/2 6% 36 ... : 25 50% 23% 2 29% 7% *53 42 Co *29 Va .. *"'■'V-. STOCKS Range Since Jan. 1 106% *23% v";•...'■ ;>;• % 28 Car Motor T 29% 24% ' Year 1948 Feb 6% ' . 57 No par common preferred Stores Corp.: Corp-Seagrams Ltd. Range for Previous Feb Match partic 6% Jun Feb 6% 12.10 Devoe & Raynolds class A 40 45% Feb 97 .■;**• ' % ; *53 57 *6% ..: 1 21 80 % Corp 20 xl9% May 14% 22% 6% Vllbiss Co 6% 14 % 22% ft Steel 16% Jun 22% Nov 47% 14 % 1 35 7% 22% *53 ±uu Detroit-Michigan stove Co De , 38% *34% 8 7% .47% 24% 34% 28% 29% /S'iV.' fe 39% 34% /■:: - 13% —— Detroit Hillsdale & S W Kti Co Detroit *23 ■/-. 24% 38% ■ 35 22% 31% Sep 37% Sep Mar Feb 8 Jun 13 29 (The) C 25 39% *34% 8 *47 Edison Jun Dec Lowest 1(K> 46 11 $ per share pfd 28% 46% July 19% May 1 100 com 24% X38% - — 5,400 21% 28 Escrow 3 87/s 21% 24 7 8% 27% 47 % 50% Jan 10 130 21 % 14 'Jan 9 -4 4,400 28 34% Jun % Nov 8% — —— 12 21% 58 9% Jan 87/a 11% ; 27% _No par Western for 58 12'/a ' 21% ctfs 7 98% 30 & Light Co 13.80 Grande West RR Escrow 9 97 *96 % 29% 13 29 I *96% 98% 11% 12 8% ^ ' \: 2,67/0 96 *7% 16 Jun 11% 8% 11% 8% V 30% 30% 96 *96% 29'/« Oct 4% Jun ♦11% ftOe .;C-:•••*': V.- ;<'n,?://.:.+., 1,700 29% 98 V2 V; 21% 10 Sep 22% Mar Dec 80a & 29 50 *96% • 16% 21% 4,000 : '• 13% 100 Lack 22 Jan 98% 30% *16 , 12% 96 r 35 13 13% May 96 96 *96 % 16% 21% 1 3 '/a 42% 20 60% 30% 95% *95% 100 *95% * 24% Jun & Nov b<5 30% 30% 108 .. 21% 12'/a v 13% 24% Jun Jan 21% 12% 96 13 Va 42% 19 21% May 21% serlea A Hudson & *16 21% 11% 35 39% July July *16 16% 21% 28 13% Nov 32% Mar 16% *16 1 12% serlea B common. Denver & Rio Feb * 12 7 Inc 19 14% *95% 13% (Tho) preferred Jun • 96 *13 Va Deep Rock Oil Corp Deere 5% Jun Jun ♦95% 14 common Rubber Co Records 96 *13% 20 Corp Dayton Pwr & Light 12 *95% 2.80 preferred conv 24% May 12 11% .100 3%% ,34% 1,100 *102 6 10% 103 10 • 6 - ie% *59% 51 *56 10,109 4,400 60 4% »8V4 9% 53 *3% > 4% v 400 1,200 8y2 800 9% 3.400 53 v4 800 3"% - 100 f , 7% 7% 21% 140 21% 4,200 . 142%' 143% 52% 52% ; 52% *136 21% . 143,-. 52% V- • 7% 7 142 140 21% 500 4 69 7% ♦136 21% 7u0 58% 23 *67% 52% 20% 140 21% 58'4 ' »■ •ny4 7% 20% •136 No par 17 *22 y4 15% 7% ' 11% 23 <"'• 51% 7% 58 y2 ♦160 7% 17 '23 15 >4 99 70 7% 140% *51 ; •22% 141% •141 58 y2 •22 180 . —100 Inc 16% : 1 Inc 7% Sons 17 15% f 1 Cutler-Hammer 28% *58 No par : No par * A 28% *22%' - No par common 700 101% SAO com 5.900 *98 ' 100 preferred Cushman's 100% 65 8 Publishing Class *99% 182 Inc preferred Prior 101 % 100 16% Cunningham Drug Storea Inc 109 *100 10 »' 15% Aug May 100% 27% common 1 13% July 360 1,300 64% 108 27 61 300 DAY 56% 27% *181% 100 Jan 150 9% 56 27% 16% pfd 13% Feb Feb *9% 27% 65 % 100 non-cum 73 Feb 9% 56 y2 27% *12% preferred 6% 13 Deo 9% 56 57 181 % No par oom 14 7 800 1,300 ARMISTICE ' 27% *64% No par Jun 47% CLOSED 14% 50 56'/a 181% -No par 10% Jun 122% 12 , *49% 27 __i 88 Curtis 12 *14%' ♦27% com 17% May i 12 14% 50 14 % *49% 701 2,300 f Deo • EXCHANGE 2At com Deo Jan STOCK 54%i No par Seal & Press 23% *99% 1 preferred Cuneo DAY *9% 23% 57 21 America 11% 60 10 9% 10,400 13% *53% 54 V2 *11% ELECTION 3,000 64% 27% *100 .100 preferred. conv CLOSED 15 50 5% 64 13% S preferred RR 12% 14% *49% Shares ' 23% *53 for the Week 27% 8 Cuban-American Sugar common—18 6 14% 50 23% - 5% 8ales Nov. 11 t per share 28 67% July X12% 14% *49% 100 Zellerbacb 5% 13 Refining com of Cork $4 2nd Cuba May 12% 8 100 .Crucible Steel of Amer 24 16% Sep EXCHANGE 1947—100 of ser preferred Apr 21 31 24 6 27 12% Feb 17% Aug 177 7 72% Jan 7 July Crown 25 Jan STOCK 54 y2 Cream of Wheat Corp (The) 27 24 14 65% Dec Oct 99% Oct 102 Mar 17 129 23% CorpJ preferred. Crown 36% Jan 20 Jun 23% *53 common common. Creameries 1 Dec Deo 3%% 7 46% Mar 23% 54% 12% 1 Co S 34% '23% *53 Inc Feb 91% Deo 9 13% Coty International Corp Crane 8% Jan Deo 95 20% Coty 100% Aug 18 Nov 65 13% 6Vb Friday ' i Sper share 6 64% 13% 80 preferred 13% Oct 23 26% May 36% 1% 14 J an Mar 17% x21 Jun preferred pfd 3%% Products Corn 6 189 5% 65 13% 9% 171% Jan Mar 5% 64% *56% Oct July 5% 13% 1 Sep t per share 8 serlea Thursday Nov. 10 64% Exchange Bank 6c Tr Co—SO 102 t per share 5% common Corning Glass Worki 101 66% Mar Co Nov 3 t per share Nov. 9 13% No par No par pref 5% 11% Jan 57 PRICES Wednesday 64% com Cornell Dubiller Electric Jan 94 Steel Convertible SALE I Delaware 27% Nov 3 8% 29 Copperweld 15 92% Jan 98 5% 6 Feb 62 $ per share HIGH Nov. H 1 of Corp Cooper-Bessemer Corp $3 prior preferred Copper Range Co 26 10 97% July 177 17 19 y4 J an 13 Jun 49% Mar Apr Dec Oct 4 20 Oct 56% 20 7 Oct 164% Jun 12% Feb 13 49% Jan July 18 8% Jun Oct 60% NOV 60 65% May 13 51% July 19 July AND Tuesday Nov. 7 14 Steel 23% Oct Monday-, Nov. 5 Continental Motors Feb 14 Saturday <•* " Par Mar 8 48% RECORD LOW STOCK fper share t per share $ per share YORK EXCHANGE Lowest Highest I per share STOCK " Year1948 Lowest YORK STOCKS Range for Previous Monday, November 14, 1949 Volume 170; Number- 4855; THE COMMERCIAL NEW Ban(e for Previous „Year 1948 :t Lowest f < per share NOT 84% Jun 34 Jun Nov 33 % Oct 19 13 41% Jan Feb 28 25% Oct 19 21 12% Aug 1 % Jun 8 7% Jan 7 9 15% Sep 14 38 % Jan 26 5 Nov ; il% Jun 11 Feb 16. Oct liy8Mar Jun 32 EXCHANGE i.t-. ,</ 7 Fairbanks 27 Oct 15 '/a Oct llorse St Co Falstaff 13 Family Federal Mining & Smelting Co Federal-Mogul Corp 2 43 Jun 6 Mar 20% May 14% Jun 17 *.18% Oct 28 Dec 12% May 3% Jun 14 6% Jan 10 Federal Motor Truck 20% Feb 31% May 24% Feb 29 Federated Dept Stores 90 Feb 99% Jun 95 V< Mar 23 31 y4 Sep 104 Sep 4%% 24% Sep 11 Nov 10 20% Jan 5 Felt St Tarrant 26% Jun 12% Jun 14 17% Jan 6 3 Oct 63% July 13 78 Jun 43 6 50 y4 Mar 31 Jun 105 May 16 107% Mar 17 49% Mar 69% July 53 14% Feb 20% 28% Nov 96 Dec 26 Dec 13 103% Nov 107% Jun 42% Jan 3 98% Jan May Nov 68 Sep 3 31% Jan 7 1037/a Nov 7 9 18% May 25 13 Vs Jan 3 2b Dec 36% May 15% Jun 12% Dec 21% Jan 12 22% Dec 40% Jan 27 Dec 79 Dec 24 % Dec 22 May 2 92% Nov 3 89 July 18 96 % Oct 18 30% Nov 2 19% Feb 38% May 29% Jan 11 Jan 21% Jun 17 16% May 8% Oct 24 10 Dec 8% Aug May b Oct x38 25 % Feb 3 10 y8 19 6 68% 84 67 Sep 26 78% Feb 2 Feb >■; Deo 6ya 47% Aug 4% Jun 10 % May Deo 60i 15 Nov 17 Nov 7 20% Jan 12 4 4% 7% Apr 7% Oct 4 Gabriel Co 14 7 17% Jan 6 Dec 12 Aug 97a Jan 10 Dec 31'/a Oct 26 41% Jan 12 13 15 Feb 23 Va Feb 25 17 y4 15 19 ADr 13 16% Oct 27 May 3% Jun 14 Dec 27% Dec 45 May 21 y2 Jun 13 Corp Dec 157a Jun 14 23 % Jan 11% Feb 26% May 18 yi May 13'/a Jan 3 103 Va Jan 25 41% Sep 27 105% 99% Mar Dec 42 100% Jun 53% May May 99 11% July Dec Jan 152 106 87a Feb July 97a Jun 6% Feo 107 10 74 Jan 24 1® 9'/a Feb 24 133/a Nov 3 15 July 6 13 10 7 Jun 72 % Sep 82 28% Nov 44% July 18 Dec 24 X125 Nov 31% Mar Mar 41 Jun 39% Jan 87% Nov 96 Jun 13% 53 34 6 118% 79ya Jan 20 4% 14 31 4% 20 Jan 129: Jun 17 May 34 7 1st 4 6 Dec x6% Jun 14 100 Va Sep 13 Va Jan 11 Oct 44% Jun 15 52% Jan 13 123% Jan 4 128% Jun 7 4 108% Oct 14 128% Jun Jun 97 Apr NEW Highest $ per share $ per share $ per share Nov 517a Jun 14 7274 Nov 9 125% Jun 123yaJan 5 127% Sep 23 93% Feb 12% Mar 997a 17 Va Jun x97 Jan 6 103 Jun 13 Feb 16% 26 Nov 22% Jun Feb 1274 Nov 2% Feb 18% May 47a May 107a Dec 15 % 18 74 Dec 29 120 Sep 4% Mar Jun Jan Sep 2 25 19% Sep 26 17 307a Nov 117a July 19 2% Jun 28 16 15% Jun > 3 14 120 47a Feb 6 % May 3% Oct 86 Gen Outdoor 19 Gen 20% Jan 7 123% Oct 5 7% Nov General 122 Jan 27 16% 16% *16 16% *16 16 Va 18 *17% 18% ♦ 18 17 3/4 18'/a 100 16 15% 16 Va 15% 15% l,2o0 4% 1,200 A 102% Jan 4 213/4 Jan 6 67 July 19 77% Apr 11 64 Sep 26 73 5% Jun 15 90 19% 48% May 82% May 34 1 91 177a Jun 65% July May 48 July 6 53 Va Mar 25 3 10% Oct Oct x95% Jun 13 116 14 Va Jun 29 19 47% Mar 94% Mar 103% Aug 6% 122 38% Mar 50% 14 69 100 Jun 24 Jun 14 Jan 5 12 105% Oct 2% 23% Jun 10 Dec 5% Jan 5% 87a Feb Nov 31 May 89 Nov 99 9% Mar 10 36% 4%% July 4%% 52 Va *126% 20% Mar $4.60 63% *102% 11 Jun 32 Jan Dec 23% Jun 16% Jan 145% Jun 133% July *1874 30% No par Jan 18% 52 Va Sep 27 50 (B F) Gotham Hosiery 7 66 1 No par Nov 3 20 6 367a Oct 31 preferred 100 Grayson-Roblnson Stores com 1 $2.25 conv pfd No par 14 Vs - Sep 26 4374 Jan 7 3 197a Oct' 6 8 144% Mar 3 3 40% Oct 31 22 14 % Mar ii9 Greenfield Tap St Die Corp 10 Feb 13% May 974 Oct 6 90% Dec Jun 93% Jan 4 July 15% Jun 15 Greyhound Corp 9 Jun 85 Feb 97 July 12% Nov 207a Jun 44 Feb 68% Jun 41 Feb 81 Jun 18% July page 5 Feb 24 12 100 . *■ July 20 July 27 20% Apr 6 7% July 13 4Va% 4 100 13 14 Jan 7 Jun 14 50% Oct 13 $8 5674 Jun 13 71% Jan 7 Gulf 16% Jan 24 3 20% Oct- 5 $5 39% No par *12% —1 97a 100 preferred— Oil 1 Corp Gulf States Utilities Co 22% '• 103 77 *73 74 •■'•i 68 68 8 1 ' 8% ; • 1 * No par No par 33% *88 Va 89% 14% 14 Vb 14% 78 78 23% 23% 7,200 227a 23 3,500 147a 80 2474 14 Va ' ! '79 79 ?3% 23 22 3A 22% 22 52 ♦51 52 ♦51 10 10 10 10 115 *50'/a 16 Va 111 7 111 ' ' 16'/a 16 VB 167a * 19% 677B 102% 102% 407a 413/g x393A 102% 102% Xl01% 103 103 11% 11% 23/a 2% 8% . 11 Va 27a 87a 8% 87a 29 Va . 117a 2% " 29% 24 237a " 27 Va 98 / 26,200 7% 3,900 28% 24 26 3A 27 3A 36 400 23/a 24 98 137a ♦97 137a 133/a ♦35 36 *35 400 11'/a 28% 98 100 4,800 40 1013A 24% 27% 14 10274 1 29 287« '■24% 98 14 2,900 x7% 277a • *35 77'- . 2%, 2,300 68'/a •102 *11 '20 16 677a 67'/a 102 Va " 2,500 10 67% 68 700 109 , Xl57a »1013A 1,500 500 27% 2,000 '60 93 137a 600 38,; V 1,400 14 13% 14 137a 14 41 % 393A 397a ,3974 40 4,800 187a 18% 18% 18% 18% 1874 1,800 1363A 137% 137a 'I -40% *67 135% 13/ 67 p-r 67 397a 1,100 12% 900 17.600 39% 38% 3874 39 12% 12 Va 12% 12% 12% 12% 97a 10 *97 173A V 102 12% 49 "* 5% *98% 12Va 48% 70% 1°% 50 67 9% 9% ' 97/a 98% *97% 98% 50 17% ■, JO'" 98% 10 98% 18'A 5% 102 127a 48% 70'A 20 ** 320 136 136 70 39% 39'/a 197a 109 6,100 5 2'/a 7 .41% 7 417a 70 70 3A 2,300 ■33'/a 89% *111. 173A 703A S' 33 Va 10 98% !'*48% 2,300 8Va 327a ; 137a 57a 68 Vb 7 *88% 22 137* i73/a 5% *98% 12V4 28 —No par , 74% *65 8 600 18% ♦73 ;■ 74% *65 7 8% 200 103 177a 177a 173A 310 22% ♦99 103 *99 13 14% 14 41 307a 23 3,700 30% 32% 99 3 14- 307a 23 400 111 30 Va 23%' 24 36 *97 1 Gulf Mobile St Ohio RR com.No par preferred 277a 700 1107a' 110 iV (The)— preferred conv *67 1 Grumman Aircraft Corp i Guantanamo Sugar common Jan Sep 30 *l37a 100 Common 9% Jun 92; 14 *35 Ry 6% pfd—.-Jtapar '* .* 407a' Great Western Sugar conr/^No par is7a 1% preferred 100 *136 33% Mar 19 9 *97% , Gt Northern 117a Jun Jun Nov *27 Va 6,300 2974 89% 297a 24'A 7Va 22% 2974 307a 8% 8'A < 67a 22% 32% 2% 8% *237» 7% 109% *78 12 2'A *283A . 8 17% May 67 7 5 400 124 *88% 102 Va *11% ; 8% % 40% Jun 109 Va 7 77 18,100 227a 29% 7 ' 22% 29 Va / 407a 407a *1017* 103 Gt Northern Iron Ore Prop__Nop*r -• 7 673/4 677a 10 City Steel (W T) Co common <>100 Sep 14 '•■o 16% Apr 9 7 2974 16% *102 8 Co (The) Granite Grant 7% 22% *122 Va 124 •122% 124 7 Va ■7: :,*• No par 26 5 DAY 10 No par com. 900 3% 3% 37a . ' V' 2,800 400 ARMISTICE *653A 115 $5 preferred No par Goodyear Tire St Rub com—No par $5 preferred No par 5 28 10 16'/a *3% • CLOSED 1574 *72% • 52 *111 EXCHANGE 14 17% 22'A 1 10 . 30% 15% 14% 100 Gold St Stock Telegraph Co Inc 30% ♦137a 17% 25% *50% . 300 STOCK 177/a *17% 80 22 183A 153A *99 89% 24Va No par Goebel Brewing Co 1 83/a i43/a 400 300 103 30% 13% 109 Va 337a *78 85,500 125% 18% 19 Va 30 % CLOSED 125% •10274 137a 19Va STOCK 22 Va 68 8 v EXCHANGE *29 Va 74 2.50 103 Shares 71 Va 71 72 3A 12574 1023A for the Week $ per share $ per share 15% 77 187a *87% 71 % 125% Sales Nov. 11 Nov. 10 $ per share 17% ♦12272 103 *8% per share Friday Thursday Nov. 9 7/; DAY 30% *32% PRICES Wednesday HIGH SALE Nov. 8 1027a *22 Va ' 200 177a 23'/a Co_l 60 107% ELECTION 3074 *6574 126% 37a 3074 *727a 126 Va ♦106% *17% 109% *173/4 127% 15% 225/a *99 AND ' 69% ; * 1,600 107 Va 126 18% 200 52% 3% 30 5 52% 126% Tuesday '■v 307a *22'/a No par (The) com conv preferred 4%% 7Va 523/a 8 157a 7 124 7'/a 77a 106% ♦ 127 187a 2,000 '1,100 7% 517a 107% 14 38% 77a 8 14 177a *122 72 100 Va ♦100 100% 30% ■ 20,700 46% 100 Va ■'*102% 3% *17% 136 *135 136 *135 . ♦100 69 157a No par Feb «ee 183/4 1,000 46 20 Deo footnotes 1,200 18-% 38% No par 13% Jan 28 18% 47 * 1257a 14'/a 3 Va 157». No par Glidden Co Goodrich Co 2 *l3Va 8 29% For 71 23 t per share % 19% ?«74 .: 1 Green Bay St Western RR Green (H L) Oo Inc 14 71 28 Nov. 7 103 No par 70 71 28 Monday A' 120 71 46% 126% 69 126 No par preferred 3% Jan " Feb 677a 3.10J 47% *106% t per share *125% Gleaner Harvester Corp„ Grand Union 16 . 7% 39 523/a 52'/a 10 com—No par 7 13« 5% Mar 7% 38% Nov. 5 St Lumb 167a Mar . 13 25 74 7% 387a 8 Saturday $5 conv preference Glmbel Brothers common 23 117a Jun 98 500 7% 187a 100 1073/4 Gillette Safety Razor 26 33% Jun 1674 Nov 127a 47 128 *107 10% 156% 12% 72 38% 8 100 10% 156 Va 12% 10 155 28% ,18% 100% 3,900 i.U',B 155 Va 12% :/V*135% 136' " 47 No par 2,100 72 28% 187a 383/4 100 8% Apr 15% May . *18% 100 28 Va Jan 607a Miy Apr 7% *71 *135% 136 8 preferred 293/4 Oct 132 60 A " 28Va 60 45% 106 77b ; 13% 71 277b 102 % 13% 10% 8 71 106 10% 106% 44% * 100 25% *105% 45 Va 105% *154 Va' 156% :> 13 Va 77a ' $74% preferred Georgla-Pac Plywood 4 Feb 77 *127e 44% *102% 45 *102% 10% 158 106 Va *105 % 106 44 Va 106 103/b 187b 106 45 Va *154 % 100 14 Deo xl2 106 *99 Graham-Paige Motors.. Granby Consol M S St P 93 Va Apr 14% Sep 7-40. Mar e,6oo 1 Gen Tire 8t Rubber Co com 16% Jan - < Jun 29 19 No par com 167a Jun Oct Oct 23 Jun 106 1% May 12 53/4 Feb 19 Apr 18 35 15% Aug 18 Feb 18% *108% Corp preferred Nov Aug 9 457a Jan 26 98% Jun 20 Dec 15 19 $6 pfd—No par Time Sep 19 ' 96% Mar 18% 227a Goodall-Sanford 104 34 52% Jun Oct 5 17 Nov Mar 14% Dec i3 28% Aug 18 23% Oct 11 24% May 64% Oct 113 7 80% Oct 26 5% Jan Mar 3 Oct 28 Jan 17% Jan 14 72% July 11 21% Jun 17 Jun Feb 14 12% Jun May 28 Jun ■ Mar 12% Feb 797a Jun 24 39% May 96 Va Jun Nov 4 18% ;; *29 Va General 85% 1,000 183/4 *46% General Telephone Corp 25 19 1 4 Dec 19 10c 3 Dec *24 19% No par Nov 75 25% 19 No par Refractories Nov 17 *24 38 Va Realty St Utilities General Shoe Corp Gen Steel Castings 23 Dec 4% 25 Va 19% : 19% 100 31 Feb 4% 25Va 19 'A *102% No par com 3 87 4% 25% *18% —.100 Co 43/a 4% 4% 4% 19% jlOc 23 27% 16 100 *25Vb * 50 Corp 18% Jun Jan % 1 No par Equip Corp Utilities 2274 Jan Dec 16 16 —50 Cement 29 74 May 13 400 1,600 18'/a Advertising 30% May Apr 2,400 16 Va series Dec 15% Jun 67B 177a *5% *17% LOW Dec 99 Va 6% *17% 5% *16 STOCK 227a Dec 200 67a 17% 63/4 com 21% Jun 5% 6% 5% 17% 17% 310 17% 5% 7 67a 7 400 35% Par Railway Signal 6 % preferred Gen 99 Va July 18 72% 53/4 6 No car Gen Public 7 Oct 76 70 6% Gen Public Service 2 132% 30 71 *34 Va Corp com Portland 10 Feb 102% 20% 70 6% r $3.75 General 30% Oct 24 Apr 20 % 70 100 . Gen Precision 247« Jan 20% Jun Jan Dec 20% No par YORK 7 22 Jun 31% 18% 70 " 10,600 35 Va 1.66% —i Motors Preferred 3 10 1 3074 98% 17 20'/a 6% preferred Mar 14 Feb 1107a 17 *34'/a 100 Corp ', General Oct ■C" May 19 24% Nov 22% 17 6% preferred 8 . 16% Mar 11 Va Jan ... May 128% 59% 17 6 J% 17'/a 1,400 58 Vs 58% 17 20 7 600 59% 69 *5% 900 16% 20 EXCHANGE Oct 66 x58i/a 9% ' 9 9% 35% preferred Range Since Jan. 1 Lowest Highest 50% Mar 119 9% 40 24% . 58% STOCKS Year 1948 t per share 9% 6% 83.50 preferred General Instrument Corp General Mills common Range for Previous Lowest 9 9% *34% 2nd preferred conv *24% 9% 9% / 6% com General Electric Co I%* 24'/4 9% 9% 357s General Cigar Co Inc com 937a Jan 24% 241/4 •" -6% preferred General Foods 2,000 *34'/2 Corp.com % 1* Preferred 19 108 Inc 2 48% Oct 29% 68% 2 1 3 28% No par Apr 6 30% No par 139% Apr Jan 310 29 % 20 *17% 30 95 y8 9% v ' 95 91% *91 .. 5 Co Industries conv ♦24 9% ' 91% 96 30% 29% T 2,400 26% 96% ♦96 • 261/2 *91 95% 1 50 com (The) GeneralOable 28 Feb 27 3,900 13 y8 13 19% 1 (Tbe) Corp 9% 45 Jun Feb 97 26% 9% 106 144 Feb 13% 24% 100 17 40 13% x9% Amer Transportation 5 $4.25 pfd series A No par General Baking Co common 5 $8 preferred No par General Bronze Corp 8 24% Jun Jun 28 3,700 13% *24 y8 General Jan Jan 300 11% 13 29% preferred Wood 743 Mar 40% 653/4 Apr 25 15% Hi/4 29% 1 84.00 preiexxea 163% Jan Jan 16% *147b 11% 10 17 13 Jun 16'A 147b 96% General American Investors com__i Nov 9 16% 11 *95 % 9 14 r 16 :/4 14% 11 y* 92 20 600 2,500 16% 27 com 22 14% 26% 1 40 104 21% 16% 92 common 4,900 29 29 *103% 22 11% 13y4 V 700 12% 14% 92 -' 1,500 65 15 27% 25 70 105% 11% *91 Nov Oct 159% Apr 9% Mar 21'/a 21% 4 *27 Gar 2 u 1,100 48 48 291/4 900 75% 74% Xl05 '/a 1037b 1 4%% conv preferred Gaylord Container Corp 11 28% 103% *21% Corp__10 n Jan 29% 103% 700 16% 13% 3 46 ya Aug 106 21% 11 4 r 103 16% 1 29% *103% 29 y8 29 y8 103 100 Gardner-Denver Garrett 14 Ya May 146 X12% Jun 19 ; 6 65 12% common Gamble-Skogmo Inc Gamewell Co 26 32% Feb 16% 9~% 66% 12% (The) conv Aug 18 Jun _5% 661/4 12% 100 (Robert) preferred I% 10% Jun Jun 67 12% 100 Gair Co Inc 30 Nov 66% 12% *14'% preferred 47a Jun 16% 67 17 14% Jun 12% 106% 60 Jan 6 106% 59 % 10% May Oct 106'% ■."•16% 20 ■ 106 Va _IIl0 Dec 6 106 10 pfd Fruehauf Trailer Co Dec 487s Aug 17 Va July 76% 48% 1 6% 9 15 15 15 No par 16% 38% 11% 14% 47% Froedtert Grain St Malting Co Inc_l 26 16VaJun Feb 10 11 76% Freeport Sulphur Co Feb 12% May 24% Jan 11% Jan 17% Mar 35% 11% 15 Franklin Stores Corp May 13 103 Va 111/2 76% 7% preferred 60 1,500 103 Va 11% 48% No par Chem *103% 103'/2 15 *21 y, 800 103 % 11% 48% 1 900 3,500 30 76 12 V4 400 4% 30 30 29% 29 15 106 4,000 18 41/4 103% ; 1,000 5,300 DAY 37% *17% 4% 4% 4% 48 y# 6% prior preferred Francisco Sugar Co 12% Aug 17 : 13 Jun *36% 18 DAY 77% 15 100 Corp Foster-Wheeler 38 ♦17% 500 ARMISTICE % 147s 48% No par St % 141/4 *76% No par conv 14'/B 74 14% *37 11% *65% Machinery 14% ii 141/8 25 com * 3%% 3%% 2,300 18 29 103% 11% STOCK 14% 4% 29% *103 No par No par Food 7b 29 29 % 1 8 20% Apr 1,400 CLOSED I_ 10 Ins N Y 7 Sep EXCHANGE 20% 14% ELECTION ' No par Power 23% 20'A 37%' 4% 4% 8 Florshelm Shoe class A Follansbee Steel Corp-— Food Fair Stores Inc Dec 25% Mar 9% 24 Mfg Co (The) Florida 7 Jun 92% ' 14 % 37 23% 17% 18 84 preferred Florence Stove Co 22 24v8Jan 2 36% 14% 38 Carpet Co Fllntkote Co (The) common Jun 47% 105 82% Nov 15 % Oct Sep ' 14% First National Stores 28 8% Feb 12% May 9% Mar 16% Sep 7 38 24% 20 Va 37% 14% 37% Firth 0 May 26 9 y8 oh a % *17% 5 com Firestone Tire St Rubber 4%% preferred 13 17% Jan liyt July 13 21% Jun 7 Aug xlO* July 14% U No par Fidelity Phoenix Fire 69% 53 14% Ak CLOSED " Ferro Enamel Corp Feb 14 V, 7 100 Dec Dec Dec 14 V4 g preferred 19% 17 Vs 42 EXCHANGE 20% U Shares 24% STOCK 24% X20 Vb '• 1 _ 83% 37% 24% 20% v' t per share tper share for the Week 14 y4 x37% 24% ' Sales 20 '/8 38% ' 5 . 1 Nov. II Nov. Id t per share , h *36% 38% 1 18 $ per share per share Friday Thursday < Nov.!) Nov. 8 " 20% 1 Liquidating Corp Fedders-Qulgan Corp "!7'> $ PRICES Wednesday HIGH SALE Tuesday 1A Nov. 24% 1 Corp Finance Corp common FAR 21 * 20 Brewing 35% Feb 9 I per share No par Fajardo Sugar Co 3 AND LOW Monday Nov. 5 Par 17 RECORD Saturday i , f per share 19% Oct 37 x!9% STOCK (1925)1 CHRONICLE ' J Lowest J per share tper share , FINANCIAL YORK - STOCKS NEW YORK STOCK ; , Range Since Jan. 1 ; Highest , J Highest r 0 & ■ 177a 177a 173A 4,900 57. 57a 1,400 O 'jH,- *98 Va % f 102 ♦98 Va 102 2,900 12% 117. 48 48 Va 48 48 69% 70 68% 6974 9,900 20 193A 20 7,600 12 '• 197a 12 400 , I THE (1926) Tear ID441 & FINANCIAL. CHRONICLE STOCKS Range for Previous ■•'"V 4 4 Range Since Jan. 1/ 'V Highest . % NEW , YORK LOW STOCK EXCHANGE Lowest Highest Lowest COMMERCIAL ' Saturday Monday Nov. 5 „ AND •:>r/ - 'Nov. 7 4'' Monday, November. 14,-1949 SALE HIGH Tuesday PRICES Thursday Wednesday Nov. 8 Nov. 5> $ per share i per share •" * . Friday 10 Nov. 1 Sales for 'Nov. 11 the Week ' 9 per share I per f per share . t per share share 'it < per share .iPar ' t ... per share J per share $ per share' v' ''*1 Shares H 31 Feb 35% 15% Nov 22% Dec 4 36 Sep 16 Hackensack Water 16% Jun 1 24% Nov 5 Halliburton Oil Jan 3 14% May 19 Hall Printing Co 11% Jun 27 Mar 29 Hamilton Watch Co Jan' 6 Nov 5 preferred-1 _100 (M A) Co $4.25 pfd__No par Harbison-Walk Refrac com__No par 6% preferred ,—100 Sep 12 % Jan 31 Oct 16% May 12% Dec 12 *14% May 13 81 72% July 26 79 Mar 89 Jan xl»l% Feb 107 Jun 21% Feb 27% Jun 14«% July 150% Jan 34 % May 20% Jan 3 Jun 4% Jan 20 20 Va Dec 4% Dec 8 104 Va Apr 18% Jun 107% 4 20 23% Jan 4 Oct 2; 68% Oct Jan 5 Feb 11% Jun 6% Jun 28 9 % Oct 6% Feb 11% Jun S% Jun 7 9% Jan Dec 79 61 Jan Hayes 24% Aug 1' Hazel-Atlas 25% Aug 9 Hecht Co common-,—: 94% Sep 8 Jan 30 Jan 3 36% Aug 19 Dec 42 95% Jan 103 May 96'A Jan 14 Oct 10 22 % Nov 24 % Nov 23% Jan 4 30 Va Oct 25 34% Dec 35% Oct 34% Jan 6 42% Oct Heinz 14 13% Dec Dec Dec 25 V* 30% Oct Mar 17 Nov 27% 17% Nov 78 Oct 14% Dec 9 ( 40 26% Mar 28% May 86 % Jun , 1 21% Jan 12% 7 84% Sep 1 10% Oct 13 Hilton 2 30 Hinde & Dec 25% Feb 9% Dec 29% May 16% May 15% Feb May 12% Jan 3 Jun 16 15% Sep 28% Oct 8% Jun Jan 29 15% Oct 20 16% Jun 3 Hires 20 22% Jan 21' Dec 30 Oct 24'/a Mar 10 Nov 42% Feb 34% Jan 28% Sep 50% Nov 16 29 V, 24% Nov 35% 99 Dec II Dec Jun Jun 100 Jun 27 31 Apr 29 Dec 103 x24 94 % 29% 3 1 * Sep 5% 99 12% Nov Feb 11 •35% Nov $4.50 9 2 Dec 46% Jan 30 May Nov 34% Jan 28% Jan 6 39% Oct Oct 94% Jun 86% Jan 6 96% Oct 3i Mar 49 Oct 42 Va Jun 20 Jun 29% Feb 7 $2.25 27 81 38 20% Feb 38% 14 Dec 23 Jun 33 Jan 47 Jun 12% Jun 31% Jun Dec 4% Jun 3% Sep 8% Sep 8 % 14% May 34% Jan 50 Dec 22% Jun 19 Apr 5 May 10% 2 Dec Dec 12% Sep 14% 44% Oct 14 Oct 26 46% Jan 20 7 11% Oct 19 j 17 Va Oct 47% Jan 19 29 ■ 7 Feb 26 5% 7 2% Jan 6 Oct 15 17 ' Hupp 24% *94 94% 35 *34 35 104 104 34 *34 35% *33% *103 103% 103% 103% 103% 29 % 29% 29% 29% *41 42 16% 16% 16% Lowest $ per share NEW Highest $ per share 38% 38% 136% 137% 17% 16% 16% 15% 15'A 15 "a *77% 78% 78% 78% *77 Va 10% 10'A 10% 10% 10% 14% 14% *14'A 14% 14'A 15 * *14% 14% *14'A 14% 100 ,26 Va 26'A 26% 26% 5.800 15 15'A *14% 15% ♦19% 19% 19%. 19% 19 19 18% 19 *27% 28 27% 27% 27% 28 27% 27% 600 48% 48% 48% 48% 48% 49 45 Va 45% 19,200 *29% 29% *29'A 29% 29% 29% 29% 29% 900 No par 110 *109 No par 109 97 36 i— No par Corp— 3 4'A 33% 33% 36 36 V, 36% 36 Va 36 Va » 95 ' 95 95 95 95'A ' *47% 48% 48% 48%': 48 42% 42% 41% 42% 41 15% xl4% 14% 14% 14% 14% 41% 42 42% 42% 42% 40% 42 9% 9% 9% 9% 9% *13% 43% 13'/a 13% 9% 9% 9% 14% 43% > 2 ; 14% 14% *14% 43% 43% 42% 43% 41% 13'A • 13% 13 13% 12% ■ ' 16 9% 2% 36% Oct 11 Idaho Oct 13 Illinois Centfal 8 6% Sep 97% May 95 Jun 29 96 Jan 4 Leased 24% Jan 37% July 20 Jun 13 28% Jan 26 % Aug 21 30 25% Jan 4 35 Va Nov 10 51% Jun 28 7% Sep 21% Jan 12 7% Nov 15% Dec Nov Saturday Jan 56 Jun 4 3 Co lines stock i RR 20 Industria *94 series A-* 1000 50 "■* '• Electrica De *54% > -5 Mex, 29 preferred 100 *158 Nov 30 May 31 Apr 41% Jan 25 47% 8 Inland Steel Co No par 21% May 8% May '38 ilsA Jun 18V» Jan 8 Inspiration Cohsol Copper 23 % 12% Apr 86% Jan 1% 11 Va Dec Feb Jan 8 3% May 16% May 1 Jan 3 29 *145% Jan 5 x34% Jun 22% Jun 1 160 Oct 174% Jun 164% Jan 3 Nov 9'A Jun 5% Feb 24 23% Feb 38'/a Jun T § Vb 71 : Deo 3% Mar 24% Mar 135 Jan 42% Mar 86 Jun 5 'A Oct 99 14 Dec 62 Va Jan 39% Nov ? 43 Mar Mar 8% Nov 8% Nov 24 July May 17% Mar 22% Mar 29 Nov 137% Jan 14 3% Feb ,j 14 Jan Interlake > Nov.; 2' 27 • 28 5% Oct 21 7> Business <:i% 12% No par ,'198% 198% common No par ___ preferred— 1 International Int'l Nickel Mining Feb 8 2 International 7»A Feb $4 Co preferred 45 8 21 71 Feb 9 20 > 61 Feb 17 5% preferred International Salt Jan 65% July 35 41 Jun Jan 5 38% Jun » 14 < Mar 16% 30% Aug 8 Jun 16% 7% Jun 13;» Jun 7% Jun 26% May 35 V4 Jun 39% May 145 May 14 July 28 Feb T Jan 46% Oct 28 64% 57% Jan 34 13 Jan 27 11% Apr 11% Apr 17% 4 11- Nov 7' 17 23 Aug 10 3 34 Nov. 24 Jun 14* 136% Aug 12 32 148 1 ■ „Jan 21 Feb 2 7% Dept Intertype Corp Corp Stores- Island Creek Coal $6 4% Dec 10 May 2% Jun 13 " Dec 23 Va Jun 11% Jun 14 Dec 92 Va Jan 81 Jan 39% Feb 44 Jan 89% Oct May May 18 33% Sep 106% Feb 20% Feb t 99 48 99 42 V4 Jun 113% Jun 35 Oct 95% Jan 30% Jun 101 24 17 par Dec 106 May 102 158 Feb Jun 155 39% Oct 21 Jun 6% Oct 14 Jacobs 24 Jaeger Machine Co Oct 59% Oct 104 Va Sep 44'A Nov 6 116% Nov 15 May 23 46, Nov: 106% Oct 16Q 3 19 16 10' 2. 7. 14: Apr 26 14 J 83 V. Feb 33'A Jan 7 93 Va Apr 73 Jun 28 30% 86 Nor 3 43 % Jun 30% Oct 24 40% Mar 16: Jan (F L) Co Tea 3%% 4% Joliet 5% ' • preferred 200 199 28 ■. 2,000 J- "' '• - ' ? ' '■ ; 64% 65 Va 5'A 4,100 85% 29% 136% ' ' ■ -V'.v''' » 2,100 '100 5% • 136 500 29% 16,300 136 60 65% 63 'A 64'A 101% 101% 101% 5 40 - 5'A 59 44 *50 5 4% 46% ♦57 45% %•■■".: *57 44% 43% 17,500 . 400 . A 700 5 890 45% 1 59 ■ 7,500 : - 44 1,500 v 50% 50 Va 50 50 33% 33 33 32% 32'% 8% 87 a 83« «7« 8% 8% 8J4 8% ' { 9 87a 8% r' 16% 16% 17% 20 Va 20'A 20 20„>>.\; 33 28 *141 •32 *141 ' V , > 28% 143% ■ • j 16% 32% 33% 23. ■ ...y'- v: - .( .ci.vv- 300 •" '». • 200 13.600 8% 1,600 16% v 5.500 *19'A 143% 32% 400 28% . . 20 *31% 20 *141 ] : *8% ( 17'A 20 28% 33'% 28 y4 143% xl6% 1" 'V' ;'v '' 240 5.000 ; 86 5 Va 29 - "'i: 32% 63% 5% 4 *85 5% 29% 47% 44% 32% 2,200 11,500 7'A *32'/■ 28 70 ' .* 27% 177% 101'% 59 . 1 33% *136 102 46% *57 32'% 177% 7% 53a 136 T 177'% 85% • 199% 27% 7Ve ■ 5'% 1 5% 13% pfd—100 *91 % 92 «• -No par • 100 * 58% ' *103 NO par : 58 - 91 4 287% 2,600 *141 . 143 * 43% 116'A 116% 5% ■ A ■ ■■ 8(0 ~ ■" 57% 58% *1G3 • 43% 118 '• ' common—12% » *45% 46% - 46 12 5 1,800 12% 700 *90% 91% 30 57% 57% 1,600 104 104 43 Vt 43% 43% 116% .■. ~- x46 *1061A 107 *106% 116% 116% 170 *155 170 46 107 *155 27 100 Go—— - * 104 10 % 7,600 116% 500 44 ' Chicago RR stamped-—100 Laughlin Steel com No par preferred series A 4% " 91% 104 43 % % 12% *90%' 58 *114 5% >12- 91 %r *103 • 5 13 % ". 58 - 104 43% 100 < 4% *12% • 2nd preferred series A_—»_100 Manufacturing '• 900 v ■ 177 29% & Jones & Joy • !"■' 12 X50 5 Va Co Inc com Johnson 1 % % 11% 8% *12% Johns Manville Corp com 3%% 1 1% 12% 52% No par. —_ preferred—j. Johnson & 1,400 >:'" * j—— Jersey Cent Pwr & Lt 4% Jewel 9% 16% 93 33% *32 , 1 18% Jan 93 fl 29% Jun 30 Jan 29 % Mar 145 Jun 3 " 9% 16% 93 27% •• -h 79% 2,000 13% 198 • 16% ; >50c preferred 2,400 13% 93 13% 277'a 102 4 5'A *8% , 20 37% 13 Va 8% .i—5 .'——No r 80% 5'A % 2,300 162 ' : X37 9% 200 1,700 "67% 52% ♦ No par '• common 162 2,1C0 7% *32 Va j._25 Utilities Interstate 67 1% • 177 136 ■' 59 45 International Telep & Teleg—No par Foreign share ctfs—; No par International 69'% 100 700 ;:* ..." ; 49% r 198 Va *5% 47 59 25 common preferred 48% 9% 1% ,.V; 29% , 102% , 46% « No par International Silver *7 7% .. . 8% 497a 162 410 9,400 29'A 13% 7% 65 5% 100 International Shoe 137 .*102 No par _ 8% 2 9'A 93 s; *85 5 % " Int'l Rys of Cent Amer com—No par 43% Oct 50 *55 8% 14'A 33 'A 29% *130 No par Jan 64 55'A 29 38% 33 , 89 *5% —15 com DAY 13% 7 29% , 10 35% 55% *160 •' • 12 »/* 27% 7 <85% , ____1 ••• 35% 8% ,V 16'% 177 33% :33% 100 Paper 177 7 , com—No par Preferred Nov Aug 25 , •. / ' 198 28 177 : ■ • 35% 68 ' : >.'; ARMISTICE 7% 04 12 % 97 27% 37% 1%. f- 1,100 *94 *26% *" 100 Corp of Canada 28 , Int'l Hydro-Electric Sys class A—25 Int'l Minerals & Chemical com t5 66 103 ; ^100 preferred •: •" ■ 9% 16% 6,400 CLOSED 27% 14 *92% •: 1% 12% Harvester 143 V ; 37% a *9% • 16% 93 Machine—; Int'l 4% 9% 9 Va 93 No par Iron Int'l 7% .:5- 13 7 2,900 EXCHANGE 49% 160 '■'■V 37% 14 97 55 "4 ' '; ' "STOCK 29% 88'% 35 DAY 7% 160 38% ,16% _ Jun 107% 1 * 4%% 180'A Sep 8; 7% Aug 16 34% Oct 19 31'A Jan 5 4% Aug 23 7 86 % Oct 135% July 7 ; 41% Jun 13 94 8 28% Oct 26 25% Jun 1 Interchemical *6% 162 13% Corp common5 preferred 100 Intercontinental RubberNo par 200 • 17 14 v, Jun 73% Jan May 34 Va 139% July 64% Jun Dec 65 30 Dec 93 Feb 6% { 159 Insuranshares Ctfs Inc 19 If 'A Oct 26 93% Oct 21 13% Jan » 8 125% Feb 26% Dec .—20 2 Va Jan 11 Jun 9% Jun 9% Oct 30 ^ Shares 36'/« 27 % 69% Feb May ELECTION 50 Feb 103 for the Week t per share 29'A 3»% " 30% 87 >" 28% 50 _ common \ 8% 63 fl% Dec Sales Friday Nov. 11 $ per share *86'% 36 29% 29 7% 15 V. Dec 400 Nov. 10 87 : : 55'A *8% 29 69% 11 13 *54% 8% 29 50 Va Jan 86 35 % *7% 155 6% 27% 50 Va 34% Mar t 1,000 Thursday Nov. 9 *94 69'% Jun Rayon 95 1 72 % Oct 14 2,000 • 2% PRICES i. *35 % EXCHANGE CLOSED No par S A—_ 50 % Nov 7 J 65 9 16 16 S per share - STOCK 30% 35 , 55% 8% ' par 4 Feb 6,600 V 38 27% 35 % Jun 150 100 3,500 *2 16 Wednesday • $ per share 36 88 95 ■:-v 35 4 33'A Mar Industrial ■' 30 v- ; 27% 55 Ingersoll-Rand •< 27 3A No par 35% r 97 ' Jun 4 SALE Nov. 8 I per share 30% 89 Jun 27 HIGH Tuesday Nov. 7 V' 36 *88 100 Indianapolis Power & Light—No 10 30% ' pfd ser A—100 4% ctfs 35%. common-100 Co conv 4.70% preferred —i Illinois Terminal RR Co 7 8% Jan Power non-cum RR 27 14% ' Illinois Power Co common 9 10% Jan 29 % Sep 2,100 42% 13'A 8% 2% \ *15% Monday I per share Par *14 9% 2 16 Nov. 5 76 'A 160 . 9% .2% 16 LOW AND STOCK 15 600 1,900 9% - 9% 7 2 16 1 No par 200 800 4,500 41% 14% 9% < 1,700 48 42% 1,100 I 89% Oct 38 Va 34'A 35% 3.400 1 31 55% Nov 12% 41% * —100 ' 96 % 12% 48'A />■ —6.66% j *95% 12% 15 Va —5 preferred 50 110 96% 42% 1 _j— *109 109 12 Va 48 t c——.25 v 109 900 •95 % 12%' 95 com ' 109 •96 96% *35% 34% 7 4" 300 - __10 95% 13 58% 15 12.50 36% 24 Jun 200 14 Va 36% Jun Jun 2,000 14% 26% *94 % 22% Feb 25 Va 10% 14% 50 31% Jun 12% 10% *14% 15 100 73 Nov 10 10% 25% _No par July Feb 15% 78% 15 35 90 9% 200 15'A *77% 14'A * 15'A 35 42% July 20 Va 6,100 15% 78% 15 26'A 12% 27%, Mar May 1,200 2,350 14 % 12%, 62 % 65 38 137% 16% 26 Va '15 , Jun 38 136% *16 * • 35% 2,500 39% ' Apr 48% 125% *15% 137% EXCHANGE . Feb 400 48% *123% 16 136% 12 $ per share 16% 48% 125% 16 *16% 1 180 200 47% 17% 39 *41 9(0 *123 Va 49 125% * _ YORK . 100 30 Va 42 29% 42 39 Va - ■ 16% *41 137% 10 Hus8man Refrigerator Co Range Since Jan. 1 Highest I per share *24% STOCKS Year 1948 1,600 22% 24% 94% 39 % —1 Inc Range for Previous Lowest 22% 22% *94 *16% 1 A Corp 3,800 *24 137% Mln & Sm Ltd..No par i 12.50 Foods l.loO 6% 2 4 Va 21% 47% Motor Car Hunt 8% 94% No par non-cum 22% 200 68 ' 22% 16% Manhattan common—J 00 Hudson Bay Hudson 8% 6% 30 ser Co * 6 % *94 com Stores & *66 ■/.' 9 *24% 41% __5 of Texas Howe Sound Hudson 7 11% Jan Oil Howard ' 14% Oct 13 8% Aug 31 1% May 23 10% Jun 6 Jun Houston 67 24% *123 Va 2 preferred . 6% 22% 41% 100 Houston Light & Power 19 16 33% Jun 9 3%% 1,600 94% preferred conv 200 5% *94 48% Mining.— Household Finance 4 28 8 %Jun Nov 12% 48% May '22% 5 pfd 67 *8% 20 23% 5% 5% ' 125% preferred 2nd 30 3,800 145% 23% 24%)' 5% V 67 48 % ; 200 DAY * 19% '19% *144 .. '24 5 Houdaille-Hershey ;>'66% 29 % Co J $4.25 preferred 3 6% 34 Co— 120 12% 80 * Hooker Electrochemical Co. com—5 109% Aug 17 8 13 conv 8% 6% *23% & Sons (A) Homestake 28' Sep Jun Furnace Holly Sugar Corp 1 9% Jun 18% Co Holland Hollander 8% 6% •103 ; Paper (Charlts Ef 13 8% 6% "*123% A Dauch 20 25 30% ser 300 ARMISTICE 12% 19% No par Corp preferred 100 6,400 .CLOSED *106%. 108% 145Va . No par 5 Chemical % % EXCHANGE 14 % 80 , 108% ♦23% 5% 100 Hotels Corp— 15 Heyden ,68% 8% No par com 21% Jan- X5% . No par • $4 conv preference Hewitt-Robins Inc___-. 26 24% ;■ 24%. •" *66% .. 25 : 8% May 20 16 Jan 21% 23* 24% 10 common 3 78% Nov 11% Jun ' 5 139% Oct Motors preferred Hershey Chocolate 80 . 19% *144 1 -_25 preferred ' 30 19% 7% 100 5% 16 Oct1 14 113% Jun Jan 14 Sep xl3% Aug 25 14% Jun 14 123% July non-cum STOCK 23% 14 12% *12% *107% 144 144 ' 5 r xI9% 144 ; 35% 23 ' DAY ... '34% 14% ELECTION 107% 19% 24 'A: '14 H / 80 35% f 23% . CLOSED 12% 80 7' * 15 common *12% 107% *24% ■ 100 common Hercules Powder 131 Apr 114 Co W) Hercules 1 15 40 7% Co preferred (G 49% Sep Jun 122% Feb Feb 3.65% Helme 17% Aug 22 4 13 Va Jan 22% May 57% Apr 128% 105 Glass preferred (H J) , 1 — 12% 33% EXCHANGE 14 107% 19% 144 2 3 3% % 24 % * * 100 — 13 20% Jan 14 82 *80 "107% 1 Mfg Corp 17 19 Vh Feb July 91 41% preferred 24 14% STOCK 35%) *35,/" t 24 Va *12% / 10 — Hayes Industries Inc.— 7: Jan Jan 27 % Jan 120% Marx. Corp of America' common: 4%% 8 27. Si 35% 23% *14 No par com 84 26% Oct 78 * 29% Schaffner ' > 5 . Jun Mar 20% *20 Hat *35% • ' Cementlng__5 conv Hart 13' 7% Nov 25 6% 69 4% 35 Well Hanna 13 Feb 149 May 12 142 iW F) 82 1 27% '•'*" ' 170 46 : *106% 600 107 *155 - 107 •155 -1- 46 46 *106% _ 170 26% 27% 26% 27-% 26% 27 82 82 82%'"' 82% 82% 82% 83 33% * 33% 33 Va 33% 33% 34% 33% 34% 9,800 9% 1,900 :. Ji .• , 5,800 390 K 11% Dec x89 Nov 98% Dec 93% 21 May 98 May 101% Dec Feb 48% Oct 60 Va Jun 13% Dec 18 For 30 12% Jan 8 94% Jan 100% Feb X34 % Feb 52 Jan 12 II 24 102 Aug 22 105% Aug 30 45% Oct 13 see page 3 58% Oct 14% July 25 May 26 V. July 22% July footnote* Kalamazoo Stove Si Furniture—10 17% Nov 9 10% Jun 1 14% Jan 7 17Va Jun 23 21% Jan 8 xl3 Va Jun 13 173i Oct 27 24. 24 9% 9% 9% 9% 9% *100 100% *100 100% 100% 100% *103% 104% *103'/a 104% *4334 44'A 43% 43% 43% 4% non-cum preferred.* 100 Kansas Power. & Light Co com_8.75 *56% 58 57 % 57% *56% 16% 16% 17 16% Kayser (Julius) & Co_ ,. 5 Kelsey Hayes Wheel conv class A_1 *14 14% 14 14% 13% *20%. 20% 20 Va 20% 20% 20% *20% 16% 16% 16 16% 16% 16% 16% Kansas 48% Mar 30% Feb 16% Dec 8% Jun 3.80% 4% City cum Kansas Class - 9% Power & Lt Co— preferred ——100 — preferred-—.i 100 ' City Southern B com—No par 1 16% '104 105 *99 100 *103 105 43% 42 78 58 57% 57'% 17% 16% 17 14 14 14 10 43% 21 16% 2,100 110 " 13,800 - ' . : 1,900 500 1,000 ■ THE Number 4855 Volume 170 COMMERCIAL NEW ' Range for Previous Year 1948 Lowest I per share V 42 Va Feb 60% Oct 40 % Nov 51 Apr 39 12% Dec Feb .92 ,Oct Feb 11% 63 ! 29 % 89 Jan 37% Oct 104 10% Jun Oct 14 xl4% Sep : Mar 18 72 , 20 90 % Aug 24 •4% 7 Sep 95% July Feb 39% Jun *35% Feb Feb 48% Feb 14 40% Nov 58% July 49 Oct Jan 3 4% Feb 47/a Dec 12 Dec 24 43 ? • Koppers Co 7 4% 17 Kresge 20 Kress Jan ,59% Nov; Co 50 49% •47% 15% 15% .No par 23% 23% 23% 23% 100 1 common 4 - l : 72 " 28% 100 49% 50% 49% x46 % 16% 16% 22% 23% 22 % 23 .•_,*, 96% 41 1 2,500 ARMISTICE DAY 100 96 % 96% 41% 2,800 58% 59 1.100 58 *58% 59 1,400 57% X56% 27% 27% 41% 57% 59 100 72% * 59 ■'■A 58% 59 ; 160 96 !A 58% DAY *71 41%' 41% ►' 1,800 41% 96% 40% 59% 15 95% 96% X58% 59% 3,700 EXCHANGE CLOSED *14% 28% •28 ELECTION 2,600 103% 72 *71 28% 102 y4 14,800 STOCK 14% '14% 72 28% 1 103 103 EXCHANGE CLOSED Shares 46% 16% $ per share 50% 48% ; STOCK 14% *71 *96 No par No par 14% 28% *40% _io —• * 15 % . 103 103 '• *71 10 (S S) Co (S H) & Co.-: '.-105 *14%, No par common Kroger Co (The) *103 the Week $ per share ••• 47% 16'/# > , Sales for Nov. I t 16% 48 % 15% ' :•• 50% 48% No par com Inc *'Ti 49% 47% 5 < preferred 26 59% Oct - Corp rG R) > No par Co S per share Friday No*. 10 Nov. 9 $ per share $ per share ,, Thursday Nov. 8 Nov. 7 per share t SALE PRICES Wednesday HIGH AND Tuesday Monday Nov. 5 " Par V . $5 prior preferred 42 % Aug .98 16 45% 1 . 2nd preferred conv Kinney 22 31% Jan : , 11 Nov 32 . Kimberly-Clark " 25% Jun ■; ■■ ■■•> Keystone Steel & Wire Co 9 Oct: 20 25 14 62 '<Saturday r'V'V . 1 L/>:>'>■/>: •> 4% Jan 6% May Apr Mar 17% Jan 4 9% Mar 14% May 9% Jun 14 Oct 53% May 29"% May 6 10 17 42 257/a Aug Mar >5 47 21% Dec 99 Feb 13% May 19% Mar 14 47 19 43% Oct 19 Lee 22% Jan 1% Jun Jun 13 Valley RR_ Jan 8 Lehigh Valley Coal 12 4% Jun 15 Feb 56 May *41% Jun Dec 12 May 8% Feb 21 16 V* Feb 26 Va Jun 20 y# Feb 25 43% Dec 56% Jun "44% Jan 8% Jan ,12 15 8 '/# 4 '52% Nov " '26% Sen 27 14 Jan / 34% Jun 14 37% July 27 Jan 72% Apr 13 91% Oct '31% Mar 38% 91 174% Mar Oct Nov 47 Libby Life 13 12 186 Feb 14 Jun 15 Sep '43% Oct :x6% Jun 13 10 % Jan 7 66% Jan 10 "'33% Oct 14 170 " 33 May 13% Jun ' 55% Mar 52% Jun 70% May >19 17 Jun 14 '13% Jun : 17 13 Jan Dec 23% Jan 68'A Dec 85 Jun :65% Jun 14 78 Jan Jan 24% Jun J16% Feb 5 23% Oct 26 14% Dec 20% May :68% Jun 14% Jan 3 57% Feb kl8 Feb 138 Nov '21% Sep Jun 158 23 Nov 25 Dec 50 Oil Lone Star Cement Long Bell Lumber Lorillard ;23%Jan 35% May 98 % July 20% Jun Dec Jan 14 24% Jan 15 I Jun - 7 % Louisville 11 Lousville 25% Sep 13 95 20 14 Lowenstein Oct 20 41% Jan 31% May 31' Nov Oct (P) Co preferred 30% Aug 29 4 17 25 14 100 4%% 21% Mar 20 Gas & Elec Co (M) pfd Lukens STOCKS Range for Previous Year 1948 Lowest t per share J per t per share share 0 52 r 6 ir% 1,300 2% 17% 7% 7% 7% 58. *35% 36% X87 87% '85 ■>•'11% 7%y ■: '36% - V; • 88% 44% f ... 62 15% : 15% f> f. 24 y8 ,, 24% •25 ,*167 • 169 30% y 34 180". 42 42 % 700 ,7% 7% 2,900 61'A 61% 700 {31% 31% 6,200 Xl5 15 2 ">00 •;.; 15% t 67% €8 *66'/a 23% 22'A 22% 16% 17, 16% 16% 71 '71% 72% 21% 21% 22% 5 -v C 25y» 25% 169 A t. , 34 24'/»• 24% 99 y2 • 30% 99% *98% 18% *18 Monday Nov. 5 > Tuesday t per share I per share i ' 90 >2,500 34 24 24'% , 2,500 24% 10 100 *98% 100 3,700 4,800 30% 33% *18 13% 400 18% Nov. 10 y: the Week Nov. 11 ; I per per-share $ $ per share Sales for Friday Thursday Nov. 9 ■'>!.*: Iper share A, • f30% ■ Wednesday Nov. 8 Nov. 7 1,800 169 HIGH SALE PRICES LOW AND Saturday 33% 24% * 3,400 21% 167% 30% 33% 71% >25% : * 30% 6.900 > 25% 71 169 6,^u0 ; 121 % 25% 169 ' 30% % \ 500 70 ;A 22% 17 25 18% Par 70 180 •' , 23% 167 V2 a •99% EXCHANGE 100 3,900 67 18% j 24% *98% *18% 85% >32% '3 1 % 34 *24% * .<? 43 15% 70% 34 < 15% X22 ' • 30% • 2,400 36% 16% 70% Z *- 3,800 7% 23% >• 17% 24 32% ! 2,500 59% *%84% 86% 180'/# • ,42'/« 62 23% 7% ■:• 66% 23% >' • 23% '59% > 7% A, 7% •'/ 8 61 % 61% 8 - f 31% •'*' *66% > 67% ' 1 1.700 *35% 180 43 7% 7% 23 180ya 43 62% 31% > 31% V - •180 180% 15% - 11 59 7% ■s: > 300 3,000 ;.10% % 11% 23% A 800 52 *35% • 6'/# *5% > 52 92 ;23% 10 $ per share / - ' >• 58% STOCK NEW YORK Range Since Jan. I Lowest Highest, Highest : a 24% par com 2'/# ;<• 17% • 6 23% ■>: 70'/2 _ 2% 17% 2.700 4 3% 2'/# '}• 58% l0: ..__100 ; 4 17% • • V* No par & Sons Inc Co 2% 17% 1 ..50 series A Steel 2,300 58% ' 16% Nashville & 45'A 24% ' 1; (Ky) No 44% 58% 36% 100 45% 3% 24'% 100 A 45% 4 52 6%* No par (Md) 3,000 45 2 Ve 52 No par Corp 3,700 f 8'A :t No par common... 300 8% 17% 11% ■'11% 5 .... 50 41 , 500 8% '51% >11 No par- Lockheed Aircraft Corp Loew's Inc : 5 20 169 *6 No par jt 600 24 24 8'/# 3% 18 52 No par 23 28 r > v 7 2,400 22 22 ' 5.';,,; . *94 8% x45 2% i: "17% 3% 3 % 3% 21% 18% 8% 4 *3% 21% 96 *94 46 ] Co 25% Oct Jan 96 4 ; Libby. Corp... 25% Sep 72% Oct 18 *94 4 21% 18% v 8% 46 & 6 8 91 Feb McNeill 3 Jun 15f3 May 20 - (The). 19 % Jan . Nov 37 18% Aug X18 19 96 2% '15% Jun x60 30% July Nov 18 < 14 18% 96 A 8% 25 Liquid Carbonic Corp com 3 % % conv preferred 27 13% ' Lion 7 15% *40 Liggett & Myers Tobacco cooll...2S 88% 7% prefetred .1* 100 ,r'. 180% Lily Tulip Cup Corp 4 No par/ *42% Lima-Hamilton Corp 5 / 7% Link Belt Co 1. No par *61% ' 8% Nov 41 *17% Corp Savers 41 1 Stores Corp Libbey Owens Ford Glass 6% Jun V 41'% par com Lerner 8% Mar 30 24% 41 % 4 21% *41% ■•-42 10 No Lehn <fe Fink Products.: 28 60 % Oct 48% 24% 800 107/a *46'% 24 »/i preferred_.No par 2nd pfd —No par non-cum Lehman 3 X10% 40% 24 1st non-cum 50c 11% May 16 1 33 $3 11% 46%' 19 Lehigh 3 11% 48% *24 % '' *94 7 3 11% *46'% 3 5 46 ♦11% 100 Nov 13 14,100 7% 7% 7% 48% Co com 24 % Jan 13 3% Jun Apr & Sons 7% 7% 11% <24% 5* 3.85% cumulative preferred Lehigh Coal & Navigation Co Lehigh Portland Cement 7% *46% ' 1 _ Tir& (James) 7% 4 22 *11% 50 • Co & 754 *37/# *21% No par 5% Jan , 33% Jun 10% preferred Rubber Lees May 24 11% Jan 10 £ 90% Jan 20 6% Jun 3 15 6 98 4 No par common Lane-Wells 41% 157 4%% 19 Co..; pfd__75 Pesos Mex (The) Bryant Oct 10% May Mat Lane 26 % Jan Jun Nov Light 6% Co 7 Jan 82 Lambert 6 14 5% 8 Gas Consolid La Jan 4% July 26% July Jan 22 % May 11% Sep Dec 8% 4V2 Mar 1% Jun 39 30% Mar 21 ,37 Jan 4 16% Jun 29 26% May Dec 10 Laclede 26 Jan 19% Jun 43 i May 90 Oct 8 8 3% Jun share Shares M 9% Jun x35% Dec 40 ; 142- Oct 129 13% Jan Feb Dec 14 15% Jan 10 33% Jan 6 6 Jun Apr 10% Jun 24% May Feb 13 Dec 5 Jun 430 JUn 13 6% Nov 10% r Dec 13% Jun 26 500 Jan Inc 10 i Copper Magma 3 Magnavox Coal Jan 9 'A Aug 30 Manati 8% Aug 25 Mandel (The) RR Co Sugar Mar 25 a_10 1 —60 1 — Co Mahoning — Bros Co__ 12% 36% 140 36% *137% 11% 11% '•>• 12% ' ' Xl2% 36% *137% 5 — (R H) <Co Inc com.-,—No par pfd series A. —.100 Madison Square Garden—_No par 12 12% *30% ; n 100 4 'A % 6% Feb 24 Sep 7 Jan 22 19% Jan 24 Apr Jan 20 23 21 525 - • > 10 com- Macy 100% Apr Trucks Mack 22 15% Feb >: MacAndrews & Forbes 25 G# preferred 9% Jun Nov Dec Co & M Wood Working 27 Oct 139 M 95% Jan -6 8% July 27 103 % 9% 10 * 27% Jun Dec 10 . 30 ?7 Jun 27% 94% X16% 31% Apr 131 Jan 14'A Oct 37% Oct 39% May ' 30% Mar 490 « 140 ll'/s 31% 31% 31% 100 % '•>*99% 100% > *10 10% *14'A 14%: > ELECTION/' 31% *99% 15% 5% Dec 6% 14% 15 8 Dec Mar 18 7 Shirt Manhattan 14% 29 24% Oct 24 Marathon 13 8% Oct 26 Marine 16 »A Mar 18 18% Oct 4 Market "19% Apr 29 24'/# Aug 8 Marshall Field Nov 22% 95% Jan ' 5 7'/# Jun Apr 103% Feb 14 12 Apr 4 'A % 14 12 Co ;'S *7'/#! L) (Glenn Co Jan 10% Feb 11 69% July 39% Jun 13 57% Jan 7 / 7 Martin-Parry Corp * Feb 18 Dec 27% May 11'A Jun 13 19% Jan 7 Master 27% Feb 45 42% Sep 13 Nov 176 Dec 19% Oct 34% July 12 Sej) 1? Jan 19% Mar 22 25 Jan 10 McCall 36% May 101% Jun 30% Mar 23 35% Oct 14 McCrory 15 Aug 16 38 Jun 1 47% Oct 15 84% Mar 93 Jun 89 Jan 4 97 179 Feb 93 Jun 89 Jan 11 97 77% Aug 8% Dec 85 Jan 80 Feb 23 87 Aug 25 84 33 12% May Dec 110 Apr 21 Dec 25 Feb 88 41% Jan 29 Nov 7% Jun 42% Jan 30 Jan 43% 112 110 Jan 90 Jan Feb 34 24 ADr 31 Dec 3 60% NOV Dec 52% May 35% May 41% Jan 29% 30% Jan 4 41 87 Jan 98% 921/4 May 3 18% 15% ; Feb Dec . 24% Jun 24% Jan 101% Nov 17% Jan 25 20'% Jan 13 r Dec 19 % May 7% Jun 14 13% Jan Dec 62% May 34% Jun 30 49 Jan 18% 12% Jun 8% Nov 50% May 85% Nov 95% 3 .7% Mar 21 Apr 28 90 Jan Feb 27% Jun 8% Jan 39% Nov 35% Dec 92 Nov 104% May Nov 106% 101% Feb 13 44% Jun 3 97 118 18 July 27 30'% Jun 20 8 22 20 4 Aug Nov 23'% Jan 20 38% Jan 102 26 Mar 14 97% Jan 3 18 110% Feb 19% May 69% May 8% Jun 14 14% Jan 8 Min & Transp $4 Merritt-Chapman Machine Mesta Metropolitan 4.35 % Miami 2 15 Nov 56% July Apr 7% Jun 42% 43% Feb 10 87 Nov 98 May 87 9% Mar 54% Mar 98% Oct 10% Mar 14 May 78 105% Jun 18% July Mar 66% Jun 104 7 10 Jan 4 10% Jun 13 48 139% Mar 12% Jan 12 Jan see page Oct 20 8% 90 107% Sep ; 1 14% Jan 15 Feb 15 80 22% Nov 25> 9 Prod 1st Minn St P & SS Marie Minn-Honeywell 3.20% Minn conv Regul pfd 39% 97 10% v'i.1: "Pi '-.".s'-"? rV->'V/ Vvw 85'A 44% 97% 95% *83% 85% *10% • 10% *38 *111 112 • w 21% 21'/# 33% '•. -h 34% 34'A 99% 38 99% 99% ♦98 38 *98 37% 38% 38 ♦29% 30'A 30% ♦30 39% ' *29% 21'A 34% 99% 38'A 59% 60 60% 58 60'A 39% 40 39% 39% 100',% 100% 100 23% 23»% 100 101 *23 24 *23 101% *23 24 13% 14'A 14 13% 14'/# 14 14 14 *13% 13 13% 13'A 13% 23% 93% ♦92% 93 *33 23% 34'/# *33 34% 23% 23% 9% 9% 40% 9'A 9% 40% 40% ♦13% *7% 39% 96% ; * 19% 8% 9% 13% 13% 93 23% 9'/# 40 40 14 13% 8 13% *7% 13% 40 13% 40 7% 7% *7% 39»/4 39% 38% 3 9'A 97% 95 % 95% 95% 95% 118% 116% 116% 19% 19 19% 116% 118 37% 37% ' 38% 39 19 19'A 19% 19 37'A 37% *37% 37% 371/8 37'/# 101% *100% 101'A 101'A 101 Va 101% 101% 108% 107% 107% ♦107'% 108'% •107% 108% 12% 12% 12% 12 % 12% 46% 44% 45% Min & 12% __10 46'/# No par .'17'/# 1__5 26% 17% 17'A 27'A 27% 12% X44 17 17'% 27% 131 •129 ■ 10% .. 10% *129% 10%- 27% ' 130 131 11 10% 9 9% 9% 9% 3 *59% 60% 60 »/4 60% 60'A 61 100 98% 98% 98% 98% 98% 98 87 »■ 86 •a; 9% No par *106 14 ____ 17% 27 11 *10% Minneapolis-Moline Co common 1 $5.50 1st preferred .100 $1.50 2nd conv preferred .—25 Mfg common preferred 17% 27 131 *129 45% 46% '< *9% 9% 107 > •106 86% ' 13% 77 76 76 *21% 22% 22 22 17% 27% 130 10% 9'A 60'A .../ 99 85'A 86 , 106% 106% 106% 13% 13% 13% 75% 14 *76 86 44% 13% 106% 14 ' ■84%. 60 12% *98% % 76% 22 22'A *106 75 - 100 1,500 1,300 10 2,500 5,300 2,300 500 100 900 1,700 100 33% 7% 118 118 *117 9% 23'% 24 *95 Va 8'A 39% *95 y2 23% *33 23% 40% " 14 14 *13 92% •92% V 70 36 1,000 30% 39% 102 20 112 59% *99% 2,300 •• 21 ; 21'A 34% • 40 *95'A 39% " 1.300 175% *95 10% ♦38 10 1,800 x44 85'A •111 250 3,200 2,000 *174% 96% 10% f. 87 21% ♦34 ; T; 96'% 96% 900 13% 39% 40'A 175% *174 1,700 7.000 53 39% *86 •-■ ( 700 200 13% 34 40 No par $4 v '<•v"-' 13 59 No par com series A 8,600 53 54% 97 112 30% -v , 13% "3"v <39 38 y 44% 39 - • \ 43% *111 > v ' '•/ *}. 40 No par 600 100 59 100 100 1,000 4,100 *107 Inc 2,100 9% *100% common DAY 12% pfd_100 ,-100 8 Petroleum Utilities preferred Minneap & St Louis Ry 4 16 24. 12 62% Oct 28 16% Jun footnotes 25 98% Nov 67 V2 Jun For 3 > Midland Steel ' ARMISTICE 9% * 0 3.90% series Copper Middle South 10% Aug •C 99% ._60c Co Edison Mid-Continent May *93 No par Scott & preferred 13 9 16 112 No par No par No par Co preferred conv 2nd preferred 19 Nov 1 ' ; 10% 10% 39% ■ -(H; 21% 103% *30 .3% $3.50 Oct 11 Inc^ 5.100 *12% 9% 12% 97 ■>•> » *85'A 93% 17% Sep 124% July 14 *10'A •111 *96 i v 45 43% *96 34'/# 213.* Nov Jun 86% • *33 6 140 >> ♦92'% 14 Dec *85 •: 96'A 96 »A No par Merck & Co Inc common 24 128 97 ? i 21%. *103 I 2nd Merch 4 105% Oct 14 *96 40 i 175% •174 ; >?„ 44% 18 8% 18 18 22 18 23 8'/# 8 * 103 12% x53 k ' ■. 18 pfd (1st series) __L_100 pfd (1st series) 60 Melville Shoe Corp— ._1 Mengel Co (The) common < 1 5 7o conv 1st preferred—;. 60 19 Dec 37% Jun > 175% 44% *39 >>>>39% 40 40 *174 <• 13% 13'A ";'{•{ •' J' l- »,>'•?"/ 54'% *54/ 37% 10 Corp common 14'% Jun Feb 13% 13 'A '' 8% 23 8 8 9% 9% 12% *17% 23 'A y> 103 103 % 9% > 55 ■ 23 21 % 34% 1 300 , 8% ; 3% 8% ' i 17%; 17% ». ..>■■■■. . ; 485 7% >7% > > 8 VB *17% *54 13 *7% 7% *476 7% 17% *12'A ' 8'A *12 1 Co 11% 11'A = > No par Co. Stores H% 485 21% 9'A 4 % Mercantile >:■ *103 103% 4'/4% 18'/# Jun 38% *103 v "' - 105% May 25 17% Jan 15% July 25 14 27 Jun 4 24'% Aug 16 ; Dec 11% 47 Jun 15 2d 14% 17% • 21% Minea MfgrCo Norris 14% 14 '-21% 17% 22 21% No par McLellan-Stores Mead 17% Vyr-yTi C: ■ 8% 23% 8 •33% Robbins Inc com preferred McQuay 34 % Oct 12% $4 17% Mar 11 20% ; & 10 V4 *470 17% 8% 8'A 1 Publishing Porcupine 16 93 % Nov Jun McGraw-Hill Mclntyre *17% X23% No pat 1 100 com Co_r— McKesson Xl3'f Jun 12% July 14 Corp preferred conv 24% Oct 70% May 25 Jun Stores 31% % ;i 28% Jun 23% May common— Corp 19% Feb 96% 14 Stores > »•" 9'A preferred Dept McGraw Electric 9 46% May Dec Dec 9 13 80% Mar 15 21' r Oct 31% ■r,v: V 20 21 -Sep 23% Mar Jun 4 99% Oct 411 May 4 40 14 24 Oct 25, 39 V# Nov 4 29% Jun , 10% Nov 27 May 25 Jan 9 Aug May „ Corp—No par 113 Feb Apr '• 8% 21% / > —»—1 5 170 47% 10'A '7% 8% 24 8'A r No par .No par Co.' Chemical Mathieson 7 % * Corp Electric .100 6 $3.75 preferred —; No par $3.75 cum pfd 1947 series—No par $3.40 cum pfd :—No par Maytag Co common—_No par $3 preferred —— —No par $6 1st cum preference No par Jan 35% Mar *165 Masonite 10'A 11% •;.yr-2 7% 7'/# 17'A 6% *23% 1 — 32% 100'A 14% ■"J' V? 485 8'/# i- 100 preferred Martin 32 100'A 10'A ' CLOSED 11% 11 ♦100 32%< 32 140 ♦137% 100'A 11%» *466 7'A *7% , & '>"17'A No par com 47% 11% 13% Jan & STOCK EXCHANGE ■ Corp Sep 12'A 36% 7 1 ,—6.25 Midland Corp 6 St Ry 6% prior pfd—-100 ; • > 14% 11% ■':■:• «' 485 5 A— •Maracalbo Oil Exploration 10% Apr 13 6% Jan May 17% Dec 9% 14 6% Feb 10 17'A Jun > DAY 10% *10 -• 11% 11% .y ♦465 No par 29% May 103% Jun Feb 92% 15'AJun > JUn 25% May Dec 22% - 4 Feb' 18% Mar " v * 7 36% *137% 140 ■'■:'■ i-.i. ll-'-.i vll'A 11% > 1 1,100 12'A 36% 12'A 12'A *36% HCLOSED y ' r STOCK EXCHANGE 75 22 22 . 19 (1927).. RECORD LOW STOCK Kennecott Copper. Kern County Land 5 ,16% NOV Jun 90 YORK STOCK CHRONICLE ■< ■ exchange ..--ifY'n 12 48% Nov; , 17% Juu 15 75 Dec 20 new V'V; FINANCIAL YORK STOCKS ' , 56% Jan ; llVtFeb 25 104% July 14% Jun Mar Jun • $ per share i 6 May \24 > Jun Oct 16% '• Highest * per share , 40 .19 Since Jan. 1 Lowest $ per share j Range - r Highest : > • & 7,100 2,100 GO 500 200 3,100 300 270 2,100 1,800 90 30 1.100 3,900 20,000 3,600 20 1,300 600 2,600 90 1,100 70 3,260 210 700 20 (1928) THE COMMERCIAL & NEW Range for Prerious Lowest 42% Range Since Jan. 1 Highest Lowest $ per share Feb 73 % Jun 38% Jun Feb 9% July Feb 34 10% Oct 20 13 14 6 45 V* Nor Jun 6 35 Jan 20 9 Jun 13 12 Oct 25 26% Nov 4 56 14 112 19 111% Ncv 4 13% Oct 13 May 17% May 47% Jun 13 10% Jan S Not 27 Jan 16Mi Jun 29 11% Jan 21% Deo 14 20% Jan 16l/2 Jun 19 29% May Deo 23 May 15 % Jun 24 Jun 11% Jun 15% Deo 12% Jun 13% Ayr 23 20% J»n 12% 12% 12% 12% 12% 2,600 52'/a 523/4 51% 51% 9,000 b Co Moore-McCormack (John) & Co 52% 52% 52 12% 12% 17% 12% 12% 173/4 173/4 24% 24% 17% 17% 24% 24% 23% 24% 23 Va 23 Va 21% 23 % 213/8 21'/a 14% *14% 11% 10 3/4 20 38% Feb 17 19 11 4% 8 Co 14% •11 9% 6c Bros. -No pax •46 300 24 3/s 24% 7,100 23% 23% 23 Va 900 21% 21% 21 % 213% 14 % 14% 13aA 14 700 10% 11 10 3A 11 2.800 9% *9% 10 900 47% X47% 93A 9% •47% 110 47 110 143/4 •35'A * 110 14% 1,800 3,600 483A 111 14% 2,200 111 14% 30 14% 37 •35 37 •35 •45 47% •45 46 4,500 37 46 40 100 25% 14% 14% 200 12% 11 110 37 5,800 , 17% 47% 14% •35 600 1,100 1,300 12% 9% 110 14% 80 CLOSED 17 % 47% 47 ♦109% 14) preferred Myers (P E) 9% 47 30 3A 52% 52% 12% •17% Corp 108% Oct 27 54% 112 •22% Jun Nov 54 *108% •12% Products Corp Brass 1 DAY 1 3 Wheel 55 No par Inc Motor 112% Mar 17 12% X54% ELECTION No par Lines May Jan DAY 12% 45 51 53% 12% 112 1 ARMISTICE 110 Jan July 26% 112 Motor Oct 26 109% Motorola Jan 39 26% ►110% Morrell t 15 V4 Oct 26 2,500 111 % 107% 14 11% 111 % Mueller Jun 11% 3.500 EXCHANGE 111% Mulllns Mfg Corp_ Munslngwear Inc Murphy Co. (G C) commo 4%% preferred Murray Corp of America com 30% Mar 22 11% 4 3A 112 17 y4 Jan 10 STOCK 11% 4 Va •30 •110% 14% Jan 41 19% 4% 30 34 *108 11 Jan 19'A 4% 112% 13 Jun 20 19% 30% CLOSED 112 21 Jan STOCK EXCHANGE •109 5 Co——I 9% Sep 17 4% 30'A •111% Utilities x9l/4Jun 55% 20'A 4 % ♦30 Mo par pfd series A pfd series B Oct 43 4% 30% No par conv conv Oct Deo 4% •30 2,500 55 16% Sep 2,700 55 oom 14% Deo 5,400 4% 11% Deo 12% 10 Va 4'/« 26% Feb 34 50% 10 11% Nor 60 50% 4% 26 Va 10 49 51% 10% 4% . 11% 33% . 19% Shares 10% 4% 20% 20% the Week t per share 50% 10aA 4'A for Sales Nov. 11 t per share 25% Montgomery Ward 21% Nov 1 51 % 10% % 4 Friday Nov. 10 t per share 25% 13.25 7 8 51 % 10% t per share No pax 34 15 14 51% 10% Thursday Nov. 9 11% Montana-Dakota o Jan 25% Oct 9 t per share 51% 4% PRICES Wednesday 1.28 Aug 16 59% Mar 29 20 Co SALE Nov. 8 Inc 3 Jan 10 65 Deo Aug 17 101% Jun Hosiery HIGH Tuesday Nov. 7 Monarch Machine Tool Monsanto Chemical Co 7 103 % Jun Oct 47 y4 Mar 4 45% Jan May Apr 10% 21% Jan Mojud AND Manday " Nov. 5 7% preferred series A 100 Missouri Pacific RR 5 % con pfd-100 Mohawk Carpet Mills 20 16 25 112% Deo 10 5 y4 Aug Jan 122 Saturday Corp Mission Development Co Mo-Kan-Texas RR com 7 Jun 29% July 61% May 99% Deo 105% Mar 9% Jan 44 Feb Dec LOW STOCK Mission 25% Mar 30 15 Va 9 22% RECORD f per share 6 13 3% Jun YORK EXCHANGE 64% Jan 3% Aug 16 x33y* Deo STOCK 3 per share 14 15% Jun July NEW Highest $ per share 7% Jun 4 13 y* YORK Monday," November 14, 1949 STOCKS Tear 1948 t per share FINANCIAL CHRONICLE Va 100 15'A 16.700 N 14% Mar 18 21% Jun 10% Jun Feb 20 14 12% Sep 22 Jun 13 28 Jan 17% Jun 14 13% Apr 11 9% Apr 4 18% Jan 7 Jan Nash-Kelvlnator 21 Deo 29 4% Sep 8% Feb 9% 9 % Jun Not 10% May 13% July 13 17% Mar 10% Jun 13 13% Apr 28 Jun 14 30% Jan 3 Mar 45 Feb July 32% Oct Oct 175% Jun 5% Not 9% May 32% Deo 48 6 Feb 9% Deo 4% Jun Deo Not 15 Oct 4 National 15 7% Mar 29 . 13 7% Can 13 13 12 Jan 11 National 10 37% Nov 9 National 14 13 17% Aug 18 21% Oct 6 Deo 7% Jun 13 14% Feb 25 Nat Jun xll% Jun 14 18 27 96% May Jan 86% May 13 95 Feb 38 15 Jun Oct 25% Apr 14 37 177 Nov 7 Jun Not 169% Jan 4 183 147% Apr Sep 15 7% 135 130 149 Aug 19 6% 7% 34% A Deo 19% Not 81% Mar 20 14 Jun 7% Oct 13 x% Jun 15 15 May 19% Jan Oct 73 % Jun 13 «i% Wan 28 25% Nov 11 19 y4 May 16 25% July 94 15% Feb 25 f Nov 9 30% May 15% May 12% Jan Deo not x80ya Jun 21 % Jan 4 35% Oct 13 National 9V2 Jun 13 12 Va Apr 20 Natl 13% Nov 1 15 9% Jun 86 20 Jan 24 4%% preferred Tea 363/4 37'A 36% 36% 179 '/4 •178% 6 *6 8% 6 Va 34% 8% 36% 363A 180 500 3,600 180 Va 90 " 6 Va 343A 8% 12'/4 39 % • 180 6 343A 12% *38 Va 410, 6 35 6 35 1,000 35% 2,900 8 5/8 8% 7% 8% 7 Va 2,700 7% 7% x7 Va XlO'/a 7'A 10% 4,300 10% 10% 10% 8,000 7% 11 8% 36% 36% 37 15% 36% 37% 37 15% 15% 10'/a 37% 15% 15% 15% 15% 21% 15 % 21V* 1,300 21% 21% 21% 21% 15,900 8% 8% 300 5,700 21% •8% 17% 21'A 9 9 17% 9 *83i 17.% 17% 90% 91 91 91 10 36% 36% 3 6'A 9 17% 17% 17 Va 92 93 37 182 36 Va ♦180 182 ♦140 147 179% 180 Va •146 147 145'A 140 Va 7 7 1 7 7 *6% 17% 17% 17% % 16'A 146 100 7 Va 700 17 Va 17'A 1,500 % % Va Va 243A Va 243/4 25 25 24% 24% 88'A 300 883/4 88 Va 88 ;,/4 ♦24% 88 »/4 88% 25 2,700 25 25 25 V 253A 1,700 6.90J 16% % 16% " 1,700 163/a 16 82 16 82 82 16Va 33 33 82% 83 82 32% 82% 33 160 32% 32% 11'/a 32 V4 32% 11 Va 1.20U 11 11 Va 10% 11 Va 12 3A 800 12% 12% 11% 123/4 5,800 •10% No pax 130 25% ♦81% -1 145% - 6,000 181 ■■■■/• 7 17% •-17% 110 36% *180 % •24% i 36 / : 25 88% com—lo 100 i 37 88% ♦24% No par 7 17% 900 173/4 92 m •91 *180 1O0 100 Co 15 'A 13 39% 178% 27 36% >10 Fibre 27 15% •12% •38% 34% 7% 15% 13 393/4 37% 1 Co Vulcanized Natomas Co 8,700 153/4 13 *383/4 179 .12.10 common National Sugar Ref Co National Supply (The) Pa Jan 15% 13% 11 ; ; i National Linen Service Corp 10 21 700 6 Nati Malleable & Steel Cast-No par Natl Power & Lt ex-dlst No par National Shares Corp No par National Steel Corp 25 I 2iy4 Feb 7'/a No pax $4.50 preferred National Lead Co 19% Jan 21 U Jan 4 25% Jan Not 9% Jan 5% Mar 10 Jan 114% not 10% Jun 1 25 16% Not 80 y4 Not 21 Feb 7 Va 40 ; per preferred B 5% Deo 15% Feb 7% 8% 1 preferred A 4 29% 162 1,100 7% 34% No par Enameling & Stamping. Gypsum Co com. 7 Va 21% 13% 179 National Oct •21 Va 7% 37 1 15 27 22% xl5 Va 10 15% 26% 21% 7% ♦39 No par 1 15 27 V4 223/a 16% 4 Department Stores Distillers Prod—Mo National 16'/a 27 21% 7% f Corp 15 27 22% 16% 10 common Cylinder Gas Co Dairy Products National " Fibres Ine—1 National Cash Register National City Lines Inc National Container Co 9% Jun 13% Feb 1 Co 15 ♦22 100 Biscuit National 35% Aug 5 8% Aug 19 9% Jan 8 15 27 1 preferred Jun 17 y4 Jun • 100 National Aviation Corp National Battery Co 4 27 Va Feb Jun 14% 20% Sep National Airlines National Automotive 185% Sep 6 5% Jun 5 May 22% May 12% Deo 85 16% Nov 13 30 % Jun 21 17% Jun 32 14% 3 170 y4 Mar 15 9% May 13% Jan 14% Aug 10% Mar 24% Mar Jan Corp Nashville Chatt & St Louis National Acme Co 41 Aug 28 37% Nov 4 29 26% 162% 5 11% 12% 12% 12% 16% > Range for Previous Tear 1948 Lowest Range Since Jan. Highest t per share 9 12% Lowest $ per share Not 19% Jan 9% Jan 12% Jun 10 Jan xl01%Jan 86 12 Feb Not Feb 12% Deo 70 29 Jan Not 64 Mar 28 93% Jan 12% Jan 99 Aug 90% Mar 38 May 98% July 42 28% May 90% Jun 65 New New Jun 14 63 Nov 3 9% Feb 25 13% Jan 10 Feb 34% Oct Not 23% Jun 24 'A Jun 14 9% Jun 72% Jan 27 14 43% Jun 18% July 13 39 Feb 121 Feb 92 July July 23% Apr 20 Mar 49% 200 56 Jun Q 86 13 140 10 Jun 27 Jan Jun Jun 48 265 6% Mar 20 20% Jun 61 Jan Mar 14% Jun 14% Jan 21 Feb 10 5% Jun 25u 13 96 14% Jun Feb 91% Jan out 15% Fet 28 Dec Dec Deo 86 25% ,Tun 13% 23 17% Juiy 30% Jan Feb 25 Aug 8 Jan 92 Mar 6% Deo 3 14 20% July 19 11% Jan 7 18 31 Dec 84 13 28 Apr 29 107 Va Sep 19 7 Jun 6 14 40% 32 15 Apr 7% May 14% ' Jun 1% May 21 11% Mar 2 Jun 38% Nov 18% Oct 11 7 11 Sep 26 94% Aug 11 ino% M,r o2 12 Oct 25 20% Oct 27 ■JO. /all 4 4% -Ten 11 14% Oct 7 27% Jan 99% Jan 43 Jun 18% " jun Jun Jan 23% May 31 17% Jan 8 36% July Xl09% July 12% A or 100 23 Jan 37% Jun Jun 3 3 14 91% Jnlv ?e 6% Feb 11 juo 27 20 Jan Jan 79% July 13 18% Aug 22 13 May 18 107% Nov 33 2 Wan 19% Mar 31% Jan 2o Jan Deo 89 Feb tvf 7g% .*•»> For System common York Air York Brake N Y Chic & St preferred Gas preferred 29% 10% 10% DAY 66% 67% 10% *97 61 Va 10% 67 103/s 10Va *66 % / 10% 2.400 DAY 2,200 ; 260 293A 29% 29% 30 x2D 2 9'/a 273/4 2,700 27 Va 273/4 X26 26 % 900 10% 10'A 163/8 134% 80% 81 135 83'A 13,300 ;.//% 100 ♦133 % 13% . 13% !;. / ' 200 14 2,400 26 26 26 26 300 •55 63 235 •55 63 *55 63 •220 235 ►220 235 *220 235 7 7 *6% ♦24 7% 28% 27 6% 6% 6% 28% 17% 28% 28'A 98 •97 % 28% 28 Va 28 97% 98 97% 97 Va *98 17% 50% 23% X17% 50% 17% 50% •16% 50% 17 16 Va 6% V V ' / '' ' /■ •;•••« 1,800 900 ' 170 . 16% 50% 50% 50 95 *94 951/2 24 ,23% 24% 9% 500 50% 94 9% 94 94 94 23% 23% •23% 10% 10 % 934 9% *243/4 25'A 25% 25% 25 50% 50% 51% 50% '• • 1 2,600 251/4 50 Va 50% 10% *24% 25% 50% 50% *27 V 28 98% 23% 10% 27% . ■ 110 ■V, 300 y.y ♦27 800 3,000 4,300 27% 18% •27 18% 13% 19'/a 19 10% 10% 10 Va 19%' 19 Va 13% 30% 10 *79% 37% 80% 30% 10 Va ♦79Va 103/g 79% 37% 79% 78% 79 37% 38% 17% 1 37 Va 17% 37% 371/4 37% 17'A 17 Va 4,800 17 Va 17% 16 3A 17 Va 4,400 10% 92 10% V 91 % (2 92 109* 108 3A 109 109 < 8# 10 Pacific Ry 100 Northern States Pwr Co (Minn)— Common No par 103A No par No par 10% *91% 109 10 91% •108% 11% 28 ' 11% *19% 3% 2.88 11 , , 80% 11% 10 Va 27% 18% 19% 13% 34% 34% 35 *23/4 3% *23A 3% 13% 133/4 13% 14 10% 10% 18% 34% 3% 13% 13% » 10% 193/a - *27 10% 34% *33 Va './■• 103/4 92 109 ' ' 80 1,200 ' 134% 13 Va •220 *93% No pax *133 12% 63 10 Co 135 12% •55 2§ preferred •133 Va 13 Va 26"% 100 common 135 12% ♦24 8.10 Co Northwestern Telegraph tNorwalk Tire & Rubber 7,400 ARMISTICE 68 103/8 Northern Northwest Airlines Inc 30 CLOSED f 61% 82% 23 preferred .; •27% 4 preferred EXCHANGE 27% •27 No par No pax No par 10 500 99 60 % 10% 66% 500 STOCK 29% 1 Gas Pharmacal 10% 99 61 10% North American Aviation Northern Central Ry Co Norwich ELECTION 700 - 102 84'A preferred American Co_ $4.80 10% ♦97 62% *101 10% Co 83.60 CLOSED 99 62% ... 101% 84 —-— Natural 101% 84% Adjustment 4.6% 69 ♦67 10% *97 EXCHANGE •83% Norfolk & Western Ry com Northern 10% ♦38 3A 100 Corp Chemical 102 Va STOCK 10% Industries Electric North 62% 25 Noblltt-Sparks Nopco 99 10% Corp— Common 33.75 38% ♦97 Light 3.90% pfd—100 Noma 38% 38 3A 10% Shipbldg Corp partic stock—1 & 31 Shares 103% ♦62% Y & Harlem RR Co M N Y New Haven & Hart RR CO-100 Preferred 5 % series A 100 N Y Power & Elec 103% 104 383A 10% Louis Co com N N Y 104 *103 38% ♦101% No par preferred series A N Y City Omnibus Corp New York Dock common non-cum 103 $ per share 14 104 for the Week 10 No par 6% $5 1.0 14 10% 1 Central 10 14 102% 4%% preferred100 Newport News Ship & Dry Dock—1 New 10 14 Sales Nov. II $ per share 10 13% 10% Jersey Pr & Lt Co 4% pfd—100 Mining Corp 10 New t per share 10 13% •101'A • Friday Nov. 10 10% 38% 1 99 u Tan '» Jau I footnotes set 13 36% Nov 2 Nov 1 105% Nov 4 <Jull 1 16% Jan 64% July 7 3 24 7Q Jen Co common I preferred 10c Co Corp 4%% J"n 49% Jan 4.40% Ohio Oil No par 24 38 59% Oct 28 8% common Corp preferred (The) common convertible preferred 27% ■ '• J 53,300 9,300 140 103/4 18,500 92Va - . 109 370 370 10% 6,100 1,300 18% ; 18% 35V» 35'A 90 31/4 14 31/4 200 14 600 cum Glass 32% 32% 105% 10534 106 % 150 30% 29% 30 29% 18% 29% *18% 18% 11,700 13% 18% 183/4 i83A X24 Va ?4% 24 24 V4 93 94 94 26% 9 , 26% 27 93% 93% V •92% 94 9 •91 92 ♦20 22 8% 91 20% Co 93 8% 92 20% "•" 36% ,36 % 353/4 105'A 105% 105'A *20 36% ♦105% aJHi No par 13 v 9 8% 92% 21 Va *20 Va 36V4 4.200 260 105 % 105% ^10Ol/4 4,300 100 36% 105% 15% *14% 15"% *14% 15 V2 *75 77 •75 77 14% *75 14% 100 58 Va 58% 58 ,. . % , ' 77 58% ' • , 58 3A 200 . 21 Va 36% 77 58% ;. 96 »A *14% 58% 9,300 9% ♦75 58% 32% Va 36 * 32V8 *105 92 8% 91 62.50 Co Ow*n*-THlnoi8 32% 106 Va 30 % A—100 V" preferred Outboard Marine & Mfg Outlet 32% 105% 30% 26% 10o 8 32% 107% 30% *18% 10 Oppenheim Collins Otis Elevator common $4 32% *107 No par convertible Omnibus 10 28 11% Edison Oliver 9% Nov 96% Nov Ohio Oklahoma Gas & Elec 4% pfd—20 105 NOT common_Nopax Industries Thursday Nov. 9 t per share 14% ♦103 Newmont Newport PRICES Wednesday 10% 100 100 Elec SALE Nov. 8 O 34% 103 Deo 47% 14 13% Jun 20 Id % Jan 11% Jun Mar 88 80 Mar 24 8Va Jun Deo Feb 28 w 75% July 22 Jun 7 27% May 10% Mar 22% 9 10 Wan lo 17% Mar Jan 26% Deo 92% Jan 26% Feb 16% Apr Nov l* 20 109% Nov 3% 95 24% Nov 28% JaD 90 Oct 23% , 6 59 % Jan Mar 8% Feb Nov 16 3 Oct 26 38% Jun 27% Jun Aug 8% Jan 52 47% Sep 21 Jun England t per share HIGH Tuesday •13% common- preferred N Y State 20 16% May 4 6% Jun 16 21 y4 Jun 6 13% May Deo 103% 99% Sep 12 19% Apr 7 15% Jan 93 Feb 78 9 21 17% 82% Mar 16% 33% Jan 62% Not 28 y4 Jan 14% Mar 25% 14 48% Sep 20 55 Jun tiar 9% Jan 21 4 19% 21 3%% 21 Feb Jun I 27% Oct 60 % Oct Not w 13 3 86 Jan Oct Jan 21 14 20% 81 12 Fet 225 39% Juiy Apr 33% Jan 12 13% Jan 7 117% Jun 144 11% Mar 15 Inc Nov. 7 # per share —No par Bros preferred Newberry Co (J J) 99% July 29 20% Deo 2 Corp Monday Nov. 5 4% °/o 3 31 12% Nov Nehl Nelsner Mar 21 Apr 30 Saturday Par 102% Oct 27 10% Oct 7 8y4Jan 94 39 I LOW AND STOCK t per share 13% Mar 30 May 104 YORK EXCHANGE 14% Mar 17 103% Aug 4 19 Feb 8 NEW 3 Not 87 1 Highest Sper share *27% Mar 100 STOCKS .. r 4,500 60 ; 100 . — 3,600 Volume .170 Number 4855 THE. COMMERCIAL & FINANCIAL CHRONICLE NEW Range for Previous ~ Range Since Jan. 1 Highest Year 1948 Lowest Sper share NEW $ per share J per share YORK 14 Saturday Apr Jan 7 Pacific Amer 18 Pacific Coast 71 Apr Fisheries Co Inc non-cum 2nd preferred non-cum No par 43% May 40 Jan 17 Jun 21 Apr 14 Paomc Finance Corp 36% Jan 34 Sep 13 Pacific Gas 55% July 54 Jan 6 Pacific Lighting Corp Mar 147% Sep 22 Apr 4% Jan 8 Oct 13 62% May 5% May 44 11% May 21% Jun 10% Apr Oct Pan 8 Motor American 19% *19% 32% 32 y8 51 % 51 51% 51% 30% 29 Yb 29 29 *100% preferred 1 Mines 2.50 Transportation A No par Enterprises 9 preferred *16 No par Corp preferred 9% % 23 % *31% 31% 114 ' 23 *110 100 Light Co 21% No par 50 Jan 29 Jan 3 99 Oct 96% Feb 9 20% May 7% May 31; 24% Jan 30% Jan 21 May 102 104 30 44% May 16 RR series A pfd conv 36% 13 Peoples Drug Stores Inc Peoples Oas Light A Coke„ *35 Sep 100 115 115% 20 Peoria A Eastern Ry Co 100 *12% 3 12 April; 28 Sep 14 Pet Milk Co common 106% Sep 13% Nov 28 Jan ft 17% Jun 9% Jun 14 20% May 64% July Jan 3 31% Aug 3 6 53% Nov 3 Pfizer 36y4Jun 7 33%c 59 July 55 May 104% May 247/a Jun • 3 4%% ; *27 100 *103 preferred Petroleum Corp of America Brewing Co (Chas) 8 No par A Co Inc 1 63% Jan 90% Mar 24 20% Jan 3 25% Sep 23y» Jun 8: 115% Jun 110% Apr 2i Phelps-Dodge 58 Oct 22 Philadelphia Co 6* preferred—50 105% Nov ■ x48% Mar 30 2 24% Nov 6 7 26% May 16 117 Sep Corp 28 56 preferred Phlla No par Electric Co 4.4% 53 :i No par 25% >, . , 25% *113 98 Jan 7 104 Aug 8 3.8% 100 *102 113% 102% ^ Jun preferred preferred 100 103% Jun 105 Apr 8 110% Sep 1 4.3% preferred 100 *107 107% r Range for Previous STOCKS Year 1948 Lowest # per share Range Since Jan. 1 Highest :.V $ per share Lowest: I per share 14 Jan 21% 28 Jan 45% July 22% Jun Sep 91 July 79% Nov 4 Dec 37% Jan 4 25 Yb Mar 87 Jan 82% Nov 39% 97% Jun 88% Oct 11 Deo 13% Sep 87% Jan 54% Jan 92% Aug 77% Jun 10 Deo 14% May 11% Jun 28 93% Jan 3 Jan 8 10% Feb 10 88 87% Aug 18 51% Jun 14 7% Sep 8 34% Jan 103% Jan 100% Jan Sep 19% Jan 7 40% Jan , 7 88% Feb 8 50% Oct ' 11 102% Aug 24 103 Oct 13% Oct 91 31 28 Oct 28 64 Apr 11 Mar 3ft 19 5 100% Jun 22 113 15 % 26 Jun 11 July 86% July 79 Jun 93 23% Jun 13 Jan > Jun 24% Jun 10% Jun Jan 39% Jun 28% Jun Jan 6% Jun 13 20 Jun 170 Dec 96 Oct 7% Jun 14 58% Nov 14% Jun 161 July 136 46% July 12% July Aug 12 147/8 24 % 25% 24% 25% 113 102% 107% 113% 113% 102% 102% •101% 102% 107 107 *107 107% f 113 *102. 107% LOW AND Nov. 7 . 15 15 49% 49% 49% 100 .^*100% 100 *103 No par *12 : 3.60% preferred Phillips Jones Corp com ft# preferred Phillips Petroleum 100 No par Phoenix Hosiery——- • - *80 60% *7% 101 *100% convertible 103Yb *103 92 • 92 60% < 1 13% •153 158 •163% 165 35% 35% 35% X34% 35 7% 7'/a 7% .7% 9% '9% 9% ■< '60% *16% 17% *136"' 140 1 42% 43 12% 12% 23% 11% J 43 Mar : 7 78% ft 15% com 83 •4.78 cum preferred No par Co of Colorado—20 Public Service Inc x25 Feb 9% Jun 28 14% Jan 7 14 Jun 15 92% Jan 4 74% Jan 22 9% Apr 100% Sep 4 7 23% Jun 14 29 Jan 19 21% Jun 14 30% Feb 4 26% Jun 17 17% Jun 14 34% Feb 23% Jan 7 Oct 20 43 3 35 28% Jun 29 Per footnotes com common preferred Purity Bakeries Corp 66% Jun see page 34. 36 Jan Jan 3 7 1st non-cum . 28 28 79% 79% 15% 15% 83% 83 46% 46% , 15% ' 83 46'A 24%'' 24% 24% 25 29 28% 34 33% 34 No par 31% 32% 31% 31% 100 107% 107% 107% 107% No par 28% 28% 28% 28% •19'/a 19% *19% 19% 02 preferred Reading Co common 49 11% 15%'J15% 33% of America com—No par preferred No par non-cum 43% ■; 28% Radlo-Kelth-Orpheum Corp —1 Ralston Purina Co 3%% pfd 100 Raybestos-Manhattan No par Rayonier Inc common 1 4% 43% Xll% • No par Quaker State OU Refining Corp_lft •3.60 V 46 Vs No par conv Radio Corp ' 12% 42% No par com $1.40 dlv preference x7 22% 42 y8 79% 29 No par Inc 59 140 .7% •28 preferred series A—50 70 •11% ; 15% -15% —10 145 21% 43 81 B% •136 140 12 Publlcker Feb •136 ' •16% ,17 17% *16% . 10 58% 23% Procter A Gamble 101% 59% . 7% 69% 59%- 42% Feb Industries •130 . 70% 11% Feb (The) 145 23% NOV Pure Oil , 70% 11% 18 Feb ♦135 43% 62% 13% 13% 13% 165 24% 22% x25 Ys 30 % 158 Pressed Steel Car Co Inc com—1 Pullman 86 29% •153 *60 1 Nov Pub Serv El A Gas 12% 86 *163% 69% " 70% 100 5% 100 30% 13% 13% 10 Power Co 31 104% 86 30 No par class B Deo •94 164% 145 Potomac Nov *104 ; 158 7 ft Jan 100 35% 8 Electric •30% 31 \ 104% *163% 10 Poor A Co Dee DAY YCLOSED 9% ♦153 *135 Pond Creek Pocahontas 32% 59% 59% ♦84% 30% 100 Jan 20 ARMISTICE *9 86 No par class B — 25 91% EXCHANGE 12% 30% conv 13 *89 8% *84% 4%% 103 *12 DAY 61 8% 1 lo let preferred 2nd preferred 2ft 60 50 50 *19 50 103 13 ELECTION 30% No par 4,300 STOCK 103% *12 12% *89 par preferred vu *103 103% 12% 13 No par preferred—No 49 101 100 com 49% 49 % 3,600 101 *94 Deo 14 80'A 101 *104 Feb 10% Jan 30% *100% 101 61 8% Shares 15 30 5,700 ' No par Plymouth Oil Co 1ft 14% 31 49% 2ft common preferred 12% 18% Jun 15% 15 Sales for the Week $ per share •79% 49% preferred Friday Nov. 11 Nov. 10 t per share t per share 80% Philip Morris A Co Ltd common—8 Thursday Nov. » 29% 30% 80% PRICES Wednesday ■' 15% - SALE Nov. 8 S per share I per share share HIGH Tuesday Monday 30% 11% , 24% 25% 113% 30% 29% 32% : 24% 25% 80% 4% 46% 103% 65 103% 113% 30% Piuugn too 11 46 *103 46% 54% 103% 25% *79% Pittsburgh Young A Ash pfd Pitts ton Co (The) % Jun 14 8% Feb 24 36% Feb per preferred class A —100 8% 9 1st ser conv prior pfd—100 Pittsburgh A West Virginia 100 Xl9 70% May 1 [ I 6% 15 Oct 46 % 12"% 24% 3 1% 10 26% Par preferred series A Pittsburgh Plate Glass Co Pittsburgh Screw A Bolt Pittsburgh Steel Co com • Apr 7 65% Jun 21 12% 24% Saturday v- Pitts Ft Wayne A Chic Ry com—100 7# gtd preferred 100 135 82% May 52 Pittsburgh Forgings Co 13 10 28% 51% Pitts Consolidation Coal Co 28 142 27% 52% 100 35 26 156% Jun :! ■ Corp common. 3%% Pitts Coke A Chem Co 7 Apr July 12% 28% 52 Nov. 5 A Reading Coal A Iron Phllco $4 13 155 : Pitts C C A St Louis RR 3 169 Phlla 12% 28 53 '■ STOCK "■ Flllsbury Mills Inc 15 » YORK EXCHANGE t per share 28 81 Nov NEW Highest 8% 104% *25% 24% 111 *■ ♦103 104% 28 13 29 46% 46% 55 J 65 104% 104% 46% 55% 104% 12 *27'A 12% 28% » 53 46% 36% 117% 8% 8% 28 •103 104% , ♦10% 53 13 29. *54% *103% i 24% No par common $1 conv preference com 22 *12% 28% r 8% 28 28 *27 *103 117 12 12 8% 8% 8% 117% 117% 115% 12%* 12% •35% 36 36 36 115% 28 104% 34% 44% 114 *35 12% 8% No par Ffelffer 40% Jun 17 8 Pepsi-Cola Co Mar 11 8% Jan *112'% 100 12V* Oct 120 ;* 21% 14% Pennsylvania Salt Mfg Co com—10 45% 52% 52% 7 Gl»<<s Sand Corp com—No par Penn Power A 34 *8% 10 Co 16% 33% No par Coke Cement 6% *6% 5 25 common prior A 1 Co Penney (J C) Co_ 3%% 6% 6 6% 1 Penlck A Ford 5% 67% 102 102 102 6Va No par Proof Pennsylvania 67 69 y2 67 y2 •100% 6% 1 Peabody Coal Co Penn 6% 10o Inc Parks Davis A Co Coal 70 102 68 l No par Park Utah Consolidated Perm-Dixie 4 8% Park A Tllford me Penn 3% 41% 3% 4 20% When issued conv 3% 8% com Pictures 40%- 42% 41 4 *19% Panhandle Bast Pipe L com—No par 4% preferred 100 b% 41% 8% Panhandle Prod A Refining Mines 41% 20% 7 Fatlno 142% *3 % 8% 18 Parmelee 141% 3% 20 y2 27 Rust 102 142 V* 3% 8% 8% Apr Parker 101% 142 3% 20% 70 ya Nov convertible 102 142 % 3% 8% 102% Jan 4% 102 *141% 1 *20% Oct Paramount *101% 1 2% Jun Inc ARMISTICE DAY 29% 102% *30 3% May Cos 2U% Transp—ft Petrol A STOCK EXCHANGE 33 51'A 33% 51% No par Car Shares 34 19% 33 66 Paraffins 34% 34% 35 % 20 100 11% / for the Week CLOSED 33 1 10 Airways Corp Pan-American 20 35 • 8% GO 34 60 Sales t per share 12% •8% *57 20 No par Pacific Tin Consolidated Corp Pacific Western OH Corp Packard 12% 9 10 Nopai Pacific Telep A Teleg common.. 100 6* preferred 100 4% Jan ' o 22 1 Nov. 11 t per share I per share Sper share Friday Nov. 10 Nov. 9 21 of Calil Electric A t per share Thursday Wednesday 13 *8V2 60 Pacific Mills 34% July 20 103% Sep 8 147 - No par 21% 44% July 104% Jun *12% preferred PRICES HIGH SALE Nov. 8 Nov. 7 tper share I 10 common 1st 4 AND Tuesday Monday Nov. 5 Par 10% Jan May 6% RECORD LOW STOCK I per share 15% ltay 71 STOCK EXCHANGE Lowest Highest 15 YORK STOCKS 19% 12% ■ 29 % "12% 7% 74% 7'i 99% 99% 73% 26% 26% 27 24% 24% 24 24% 31% 31% 30% 30% ♦19% 19% 19% •35 37 •35 37 31 •29% 30% 26% *29% 19% • 100 20 22 — Year 1948 t per share $ per share 15% May Dec 18 Dec 10% Jan ♦per share 14 Rels Bros 11% ♦11% ♦ per share No par *16% :17% ♦16% 11% *11% 17% 17% 17% 16 15% 16 17% (Robt) & CO— V 15% 16 16 * 8 14% Dec 17% " 814 Dec i 18% Jan 614 Jun 14 8% Dec Aug 15% May 50 7814 Deo 99 Aug 73 1014 Dec 29% Jan 6% f Feb Reo Motors Inc 12% Jan 8 8% Jan ■7 3 2 V* Jan 3% Apr 8 10 6% Jan 4 9% Oct Jun 13 27% Jan —5 100 pfd 3Vs% series Remington-Rand common $4.50 preferred j 0 6% May 31 8% *56 57% STOCK 56 56 57% *56 22% 8 * 6% •21% CLOSED 7% 7% *6% EXCHANGE 22 22 7'A , 6% *614 6% 22 >A 7%' ; ' ' ■' , - *6% ' 6% *21% ' 22% ' 25 ' 11% 11% 11% 11 % Jan 31 15 16% Jan 12 Aug 1 99% Jan 5 May 414 Aug 2 5% Apr 18 Apr 18% Jun 28 Jan 28 Jan Dec 111% July 91% Jun 13 15 2114 May 10% Jun 82% Feb 102 103 , ; 8 4% Dec , '* 2914 19% Nov 10% ' DAY 11% 89 % 10% 60 11 ARMISTICE 91 *88 y DAY 8% 88% 98 convertible 8'4 8% 8 % 8% 8% 8% 5% 6 6% 6 6% 6 6% 50c 3% 3% 3% 314 3% 3% 3% 3%' preferred *8% 22'/a 8% *8% 6,5C0 9 22% 22% 22 22% 21% 104% •103 104% *102% Reynolds Spring Co 8% ;" 8% ;Y 1 '■*.' - 50 Sep-19 Common Aug 18 Preferred 3.60% series 100 *93% Preferred 4.50% series 104 *10714 107 Va 1 *1814 18 'A 4 107% Oct 13% Jun 13 19% Jan Reynolds 28 13 102% Jan Deo 24% May Jan 49 Dec 28 24% Jan Jun Jun Rheem 6% Feb 12 19% Feb 714 Jun 29% July 13 12 Ritter July Jan Roan 5%,Jan. ,5 13 10% Jan' 21 Jun 28 25% Oct 36 Jun 15 4% 17% Oct 10. Ronson Art Metal Jun 27% May 16 13 18% Feb 3 72 May 27 Jan 39% Apr 25 8% Sep 28 57% Oct 18% Mar Royal Typewriter Dec 64 ' 8% Deo 18% Dec 187% Sep 11% Jan 113 8% 16% Jan Feb 113% Feb 10 35% May 11 48% Jan 3 Feb 31 Jun 13 Jan 139% May 87 Jun 13 68 Jan 101 78 Jun 9 82% 8 7% Jun Jun Feb 13% May 79- Feb 8% _ Safeway Stores common ■■■5% preferred 109% Apr 27 67 ! 29% Oct 13 > 3 Jun 1614 July 48% May 13 614 Jun 77 July St Joseph 12% Jan 25 , 42% Jan 9% Jan 7 St Regis Paper Co common Feb 85% May 22% Jun 1$ 30% Jan 12 51 May 4614 Jan 65% Oct 19 88 05 Jan 8 87 14 Jun 17 .: 87% Nov 93% Apr 78 12 Dec 15% Oct 87 13% Feb 44 Jan Jan 15% 5 5614 57 11% 11% 11% 27% 112% 28% 112% * *83% 85 16% Jan 4 19% Sep 19 36% Feb 7 55% Oct 27 5% Jan 27 11% Nov Scranton 2 56 Oct . , 43% Nov 33% Jun 13 43% Nov Dec 9% Jun 14 16% Nov Dec 4% Jun 14 614 Jan 7 14% Jun 6% Jun 3 ll% Jan 7 13 101% Feb & 12% 12% 28 65 65% 1 6 ■:* XlOlVa 103 85% 70 102 % 20 13% %w 2,100 13% 13% ,13% 13% 13% 86% 86% 06% 87 16% 16% 16% 16%, 17 54 18% 54 18% 5414 53% 54 18% 18% 18% 18% 53% 18% 53% 53% 53% 54'% 54 54% 54 54% 10% 10% 10% 10% 10% 10% 500 x41% 42% 41% 42% 41% 42% 15,500 1 13% *10% 42Va No par , " 11 42% 5 *15% 1 *5% 5% 5% 5% 8% 8% 8% 8% No par *91% *91% 93 ♦53 500 1,100 1,900 15% 2.000 5 8% 5% 8% 6,500 *91% 93% 15% 15% *91% 93 1,700 16% 5% 15% 16 1.30 88 16%' 9 8% 15% 16% •86'- 1 *5% —1 preferred *101 110 107 85% 101% 2,200 98 *105% 86% 10,400 88 r Servel Inc common $4.50 *10114 103 •97 97 107 ♦86 87% *86% ' 97 ♦105% < 18% 1 Seeger Refrigerator Co Seiberling Rubber Co 1,660 12% 27% *5314 5 Co 20 85 16% No par - *83% 85 12,300 7% 64% *86 100 Seaboard Oil Co of Del Seagrave Corp Sears Roebuck 7% 7% 28% 13% 100 preferred series A Seaboard Finance Co— 4 6% 12% July 8% May (The) common—5 5% 2 9% Co 20 99 12% *96 Seaboard Air Line 'com v t c—No par 13 Feb Elec 3.35% preferred 1,200 60 114 *95 64 >*101% 7 38% 38% ♦106 28% .100 13 2,500 13 8714 20 9% 28 *86% Sep 2,200 9% 64 12% 100 Jan 42% 27% Scovill 91 28% 112% *63% 8 14 27% 12% 97 18% Jan 5,300 600 •111% 39% ♦83% 107 - 2,100 65 96% 19 \ 57% 11% 11% 28 *10514 pfd 1,500 12% *63 96% Mfg Co 3.65% 4.30% preferred— 18% 27% 5 1.75 No par preferred 4-,000 *56% 100% 7%' 85 50 17% 18% 110 7% 714 7% *83 38% 1,200 17 9% 100% 97 25% 5214 300 42% 110 116 800 2,100 100% 43 9% 8,800 " 9% 52. 112% 42% 38% 16 •99% 28 27% 112 43'/* 10 3914 105% Jun Jun 57 10% « 104% Oct 5 77 57 '*105% 69% May 8% Oct Jan 18% No par 20Va 104 18% No par Feb - 18% $4 Feb Feb 18% $3.40 preferred 13Va Jun 28 47% Jun 10 914 Dec 17 3, 81% 94 16% 11; Apt 26% July 02% Jun Mar 16% Oct Feb 85% -100 Paper Co common 16% Nov 91% Mar 3 83 Scott 52% 100% 97 800 9% 51% * - •25 100% *109 410 4% 9% 25 5214 7% , 9% 25 100% 39% 500 •4% 4% 100% 102 - . , 17% Y •15% 16%*" X52% 116 *97 • 5 Schenley Industries Inc 9% 25% 9% 38% »110 100 Savage Arms Corp . ' 9% 25% 10% . 93% 38 Va 4% 98 30 12% Jun 3 *15% 4% 42% 40 4,700 49% 39 % Y 38% 16% 43 * 3,300 107% 17% 28% 39% Co—100 series A 39% 4% 108 + 29 94% Jun 79 Jun 1st pfd 4.40% 5 13% Oct , 6 xl03% July 13 May 38% *15% io vtc—=100 St Louis Southwestern Ry 5% non-cum preferred . 42% < 1 8% 107% ' 112% : *112 10 1,000 / ' . • 101 27% 100 * 9 25% Mar 90 .—5 Co— Preferred series A 5% 28 39% Mar Nov Lead St L-San F Ry Co com v t c—No par Jan 25 122 1' 9% Jun _8 100% Nov 01% May 15% Aug ' _No par Ruppert (Jacob) 61% Jun ; 88% Feb Ruberoid Co (The)-— , 12% Mar 12 17% • r 17 ' 18% 18% *57 5714 10% -10% ' } 17% 10 4,200 38% 93 18% 18 *1614 l - •48 93% 107% 25% 52% 52% >101 1 ; 49% 93% 107% 9% 25% - - 100 Wks. Ipc 9 *914 —-20 preferred series A.. ' 17' ! .25 Rohm & Haas Co common 3 3 *1514 4% 1 com *48% 94 4% ;a. Robertshaw-Pulton Controls 4%% conv preferred—— 7. 27 49 % 4,400 • 101 8% 107% •107% : 13,600 20% 38 38% 1614 38% No par 8% 38% 94 ,*. „No par 8% 38% •V'/• - ♦100% 8% 39% *48% 4914 94 v • Comnanv Nov 101 t 101 8% 4 5 ♦20 38% 387/s *48 101 10014 10014 9 3814 • Antelope Copper Mines 52% Nov 96% Apr 21 1014 Jun 13. 10 i Corp—* Oil 8'A ,_lo : .*• •. Richfield 23 Tob class B 1 - 41% Sep 1514 Jun 21 (R J) _1 Manufacturing Co 21 3 X3% Jun 7% May 4% Sep 10014 98 . 1714 10014 3 9 :• 98% 4% 20 • 14 *97 5 20 20 20 20Va 7 Jan Jun * *20Vs 4% ■ ■ 104% 13% 14% 98% 5 4% 42% Mar 85% Jan Dec 50 , 5 3 94 ! 1614 *4% 14 *97 14% 97 97 22 Oct 103% Xl4% 14% 97 14 Dec Dec 5 13 14% *95% Sep 80 17 3 Nov 39% Oct *102 104% *102 200 24 9 217/8 7,000 . ' 8% 10 Reynolds Metals Co com No par SYs% convertible preferred 100 103% Feb 100 8% *5% 4% Jun 11% May 4114 Dec 23 , 8,000 .. 1,400 8% 1 34% Jan Dec ; 43 103% 110 . " ,1 Jan 104% Jan Mar 92 1 91 Oct 2,000 57% 57% 89% ELECTION 93 *88 / 93 *88 Republic Steel Corp com No par 6% conv prior pfd series A—100 Revere Copper A Brass com—No par 6Va% preferred 100 Rexall Drug Inc 2.50 7, 100 EXCHANGE , 17 200 STOCK CLOSED 8% 8 . Oct 1,100 ■ 1,200 .. 33% Feb - • • 22% Shares 12 ' 50c Republic Aviation Corp Republic Pictures common $1 6'A *21% >"• No par Conv j 4 ' Nov 90 10 Corp. Reliance Mfg Co common • 10 11% Nov 17 Jun Stores 1 57% Nov 3 4% Jun 11% May 5% Nov Aug div prior preference ♦1.25 Reliable 13 ' 9% Jan 24 8% Apr 26 13% May 6% May 214 Dec , 22% Sep 4 66 Dec 52 8% Jan 07 4% Jun 29 Jan 25 Va May 13% May Dec the Week *, . . 16'A *16 Nov. 11 ♦ per share ♦ per share , Sales for Friday Nov. JO 16% 12 50o Thursday Nov. 9 *11% *11% too PRICES Wednesday $ per share 8 per share 5 Reed Roller Bit Co Reeves 28 SALE Nov. 8 Nov. 7 $ per share HIGH AND Tuesday Monday, . Nov. 5 Hosiery Mills com 16% Oct 4 11% Jan May ' , Par Real Silk Saturday ; EXCHANGE 13% Apr 10 23% Jan 25 3 16% Nov 11% LOW STOCK NEW YOEK Range Since Jam 1 Highest Lowest Highest ♦per share 10 "• ■ STOCKS Range for Previous Lowest — Monday, November 14, 1949 RECORD STOCK YORK NEW CHRONICLE FINANCIAL COMMERCIAL & THE (1930) 93% 400 ■iVr Range for Previous STOCKS Year 1948 Lowest $ per share Range Since Jan. 1 Highest Lowest I per share I per share 24% Nov 36% Jun 24% Jun 46% 21% Aug 4 Oct 17% Feb 27% Jun 22% Jan Feb 79 Deo 76% Nov Dec 15% Jan 8 Va Jun 13 Mar 14 Oct 28% Feb 46% Jun 4% Dec 11% Apr 7V4 Jan 8% Dec 30' 5 7ya May May 18 10% Oct 24 14% Feb 2V«Jun , . Oct "4 7 & II Shell Gas , (W A) Union 4% Jan 12 36 May 22 May 31 27 V* Jan 7 Simmons Dec 44 Jan 28 Oct 18 36% Jan 7 Simonds Saw & Steel, 15 Feb 32 V8 Jun 18% Jun 14 24% Sep 13 6 , ♦ per Share I per share Shares 28% 29 28% 28% 28% 28% 3,600 24% 24 24% 23% 24 Va 23 23% 4,500 32% 33 32% 33% 32% 33% 32% 83 81 78 Co .... .No par *82 Y ; 9% 9% 14% 14% 14% 38% 39% 39 6% ;'6% .3% v,.;. ' .No par 23% 78 76% 10 '■ *14% 15 CLOSED 3% - DAY 23% Y 6% 5,400 6% 3% *•3% 3% 26% 26 31% 30% 23% 23 1,200 DAY ■■■■!•■900 -. 31 23 Va ARMISTICE • 26 30% Y 400 100 CLOSED Va ■3% 23% 23% .800 '' 39% 6 26 30% -30% • ■: EXCHANGE 15 39% 6% 26% ' STOCK ■ 9% 39% 39 ELECTION 76% 9% *14% ! 26 27 *30% '30% . v;; 6V2 3% *26% * _l -NO par ' .3% 6% - *9% EXCHANGE 39% •14 , STOCK "82 •'"*: 9% 9% .No par Sinclair Oil Corp 7,400 33 . ' Sheraton Corp of America—. Silver King Coalition Mines- Dec ♦ per share for the Week 29% ::r:zi5 Corp—_ 25 $ per share —Nov. 11 a 24% Pen Co_^— 84 Nov. 10 Sales Friday Thursday - 29% -No pal G): Oil :.;0 PRICES SALE Wednesday YV % Nov. 9-,', .No par common—:. .No par (Frank Nov. 8 ♦ per share # per share HIGH Tuesday Nov. 7 Nov. 5 1 Corp pref series A— conv Shattuck Sheaffer 13 7 3 $3.50 , Oil Steel Sharp & Dohme 10 40% Oct 13 Jan Sharon 83 , 8, Jun YY ■i Monday Saturday EXCHANGE Shamrock 5 ' 37% Jan 7 35% Oct 26 ' 10 9 12 LOW AND v ; STOCK Par 31% May 4 88 YORK ♦ per share 13 Feb \ Highest v.- 30' NEW ■ 900 Y 500 i f 14,300 23% :*■■■: (■, 021/4 j ■ Feb 18 Feb 23 27% Dec 160 Jun 25% OCt 97- Jun 14 16% Jun 20 35 Va 19 Jun Dec 39% 80 Dec 90 91 Sep 98 Apr July 15% Dec 26 Jun 14% Feb 96 Nov Jun 23 10% Jun 8% Oct Oct Skelly Oil Co, 7 Sloss-Sheffield Steel Smith (A O) Corp 26 31% Jan 24 88% Feb 3 7 3% Jan . 7 . . Oct 7% Jan 13 Feb 45% Aug 40 Mar 1 52% Oct 15 52 Jun 60 53% Mar 3 65% Oct 7 ,15 Iron *111% .-20 10 „ 2-1' 29 - 29%: 22% 22%' 11% Nov 16% Jan '11 Oct 7 86% Mar 44 Aug 26% Feb 26 42 Va Jan 36% Jan 1 Dec 25% Mar 20% Feb 30% July 30% . 22% *22% 23% 87 r, 87 *86% 87% •86'^ •87%* *97% •96% 98 Va *96% r South Carolina E & G Co Platinum—r 1 com_'4.50 preferred — preferred 14%,; 141% ik 17% 17 * Y 63% 4% :17% 14 Vb Apr 26 Southeastern 10 South Porto 45 1 Aug 16 29% Jan 5 10 Va Sep 30 28V4 Jan July 34% Nov 10 11% Oct 6 8% Greyhound Lines. * 5 *ii% Rico Sugar com.No par preferred Southern *52% 4% 4% '9% -■ 9 . 34% 47% ' 33% >.33% 33% ; 33% 32% 33% 53 x52 Jan 7 Southern 58% Feb 70 July 45% Jun 13 61 Jan 26 65% Dec 73 Jan 56% Oct 5 66% Feb 9 Dec 20% May .10 Va Jun 20 13% Jan 7 Feb Spalding (AG) & Bros Inc.— 7% Jun 3% May 23 6% Jan 7 Sparks-Withington Co 5%: Oct 13- ,s3%Julyl9 68 Jan 24 73 May 7 34% - 11 10% 34 34% 34% Railway common—No par non-cum preferred 100 *52% 53% 100 *56% 58% 1 *11% 12% No par 4% 4% Mobile & Ohio stock tr ctfs — ■ ■ Spear & Co common*-,,—,.: 1 $5.5o preferred— No par f *rz . 0 ♦68% - 11% 5 % 53 *56 11% • 4% 4% 5% *5% 71% r 53% 58% 53 *57% 68% ' a 34% '7 5,100 11%:. ,'r 39,700 ' 34% 45% : 46% * " 11% >■ '• 11% 4% 1,100 56% 4% 5 ,5% 7,300 52 Va 56% 11% 4% 3,100 10,700 31% 57% 11% 900 ' 10% 34 V8 11 10% r>, 2,200 . "v. 34% , ' Co 11% x31% 41 34% 300 '500 K 41 *40 Y' 41 <• , " * 37 Va 37% 34% 14 1/ 11% 45% 25% Jun Jan * • 34% Jun 8% May 11% 37 % '47% 41 4,900 22,300 : : 62% >• + 46% 34% 10% riL No par 73 11 % \ . 34% Southern Dec S', . -47% —7.50 7 Aug '36% 600 «%.. 52%; 62% ; 46% Southern Natural Gas Co 49% Jan 41 *39 20,600 ■ 9% 52% 52% ' 63% * » ' 9 ' 34% 5 34% Oct 4 . ; : (The) .3 32% Jun 13 63 % > •16% 700 105% 34 62% July 4 9 10 T Y ' 52% '• 11% 36% >40 ' ' 16% '-4% :: Y 50 Va 12% 1,900 14 *105 • 25 Feb - ' ' 98'/a v > Edison Feb 5% XI1% 36% I 105% ♦% 63% 52% 63% s 63 V4 11% 36% 17 14 Va), I 43% Pacific ■! 87%* *96% ■ 25 33% 27 500 -1,200 V 23% ? , — California Southern Co 29 22% *86 14 16% 105% - 9 63% 98% 141/4 105% 104% *104% 105% ?4% 5 4% §% ;9% 52% *52% , ,—50 —50 „ 98% ■,.>14%, 1 39% Jan V ' 22% , 36 29 , 21 VA 520% * Amer Gold & conv 113% 113% 115 20% 29% _100 —— preferred South 5% 114% 20 Va 29% _100 preferred 5% % - , -.20% 29% 21 29% Socony Vacuum Oil Co Inc —15 Solvay American Corp 4% pfd—100 , 113%-. 115 114, 21 ■ Smith & Corona Typewrlters_No par 27 4% Oct 26 9% .Oct 4 89 Oct 3%% 4.20% 17% Oct 27. 107 3 ; Smith (A) & Sons Carpet .Co com—20 100% Mar 25 17% Jan 8 14% Jun 14 97% July 7 May 6% Mar 1 83% May 21 95 % Jan .3 Jun 5 30 14 21% Nov Jun 104 Va 814 Nov Jun 127% Jan 2IV4 Jan 1 514 ; 4% 1 ■ 4"%; 7 68% 68 68 24% 24% 24% 24% 26 v 25% 25% 25 8% 8% 68 800 .. -300 20 25% 8% ; . 24% *66 60 • 4,900 : / 22 Dec 20% Feb 7% Dec 29% Jan 21 Feb 7 30Va Jun 22% Jun 13 14 26 Oct 11 1 29% Mar 30 Spencer Kellogg & Sons Sperry Corp (The) 10% Mar 31 Spiegel Inc 2 .5 71% Apr 28 Feb May May 23% May 13% Jun 28 17% Oct 19 21% Aug Squar- D Co 29% Jan 23% Feb 33% Oct Squibb (E R) & Sons 01% Mar 15% 6% Jun 13 74 64 . Jan 5 95 Nov 19% Dec 29% Jun 17% Apr 25 22% Nov 79% Oct 91 % 82 17% Nov 104 Jan 100 Jun 86 Feb Feb 121 54% Apr 13 106% Sep 26 9 13 89% May 12 3 42% Nov 10 98% Jan Oct Jun 18% Jan 27% May 109% Oct 97% , 13 3 135% Oct 150 % Oct 6 Conv $4 preferred $3.50 109 Jan 4 73 Jun 55 Jun 13 : Sep 13 Jun 36% Jun 14 45% Nov 3 Standard Oil of 69% 92% 6OV4 Jun 13 74% Nov 2 Standard Oil of Feb Wot footnotes Jun see page 24. 6 $7 prior 25% 8% 70 70 15% '15% 15% 15% 15% 32 32% 32 32 *105% 106% *105% 106% *105% 106 Va 22% 22% 22% 22% 22 Va 22% 88% 88% 88 88 83% 39% 41% 41% 42 > par . ' ♦132 134 147 147 *87 41% " 42% *132 133 147 148 *132% 147 15% ♦32 *105% 100 15% < 32% . 1,500 1,100 .7 106'/a 22 *87Va 88% 50 41 Va 42% 34,600 133 134 147% 148 200 148 67% 68% x66% 67% 66% 67% '66 Va 67»/« 45% 45% x44% 44% 43% 44% 43% 44 Va 25 71% 72 71% 72 % 71 71% 70 Va 71 ■ 9,800 ... 25 Jersey—. 2,000 ' x21% : 134% ' 7,100 1 70% No par Indiana- 800 8 Va *69% 16% '32% .No par No preferred Standard Oil of California 8% 70 70 v 32% No par New 70 V2 1 Standard G & E Co $4 pref-LNo par $6 prior preferred I No par 53 70 : preferred Jan 25% 8% •'> 8% *24% 5 common Brands Inc com—No par 86% Feb 25% 25% •70 No par 1 preferred Standard 1 common $4.50 25 * 1,500 ' ' 10,900 9,500 16,000 Volume 170 Number 4855 THE COMMERCIAL NEW J Range for Prevtoos STOCKS Year 1948 Sper share t per share •233/* Nov Range Since Jan. 1. • Lowest Highest I per share v 35 Jun Oct 97% Jun 96 lift Feb 15% Oct 12 Jun 43 ft May 41ft May 40 *27 Jun 15 ft ; July 12 " Feb 38 36ft No* lift Mar v 32 ft Mar 23 ft Feb 9'ft 97 Dec 12 ft Dec 10 9 35 Oct 3 Jan 15 ft Jan ft July 29ft Jun 18 16 ft Mar 10 »' 4% 26 • , Bros preferred Stores common™ 19 *44 ft —5 preferred. Stevens (J P) .100 /' Co Inc & '• prior preference Stone & Webster.^ Studebaker ; :• *30 - 37ft 37 ft ' *98% 993/8 ELECTION DAY 30% 12ft. 12 ft 12ft 17% 17% 17% : : 37 ■•'" 99% *98% 19 18% 19 25ft 25 28 ft Jun Nov lift Jan Dec 98ft May 70% Nov 50 ft Mar 113 ft Jan 9ft Feb 120 52 ft Feb 19 13 8 173/4 Jan 13 4 ft % 163/4 Jun 13 21ft Sep 13 4 ft % 36 ft Feb 14 57% Oct 11 Sunshine 7% Mar 25 12 ft Sep 16 Sunshine Mining July -11% Mar 235 Jun 13% Dec 19% Dec 44ft July Jun 127 jun 31 Jun 83/4 - 168 17 Jan 11 12 37 y4 Oct 5 11% Nov" ; 8ft Nov 16% Jan 7ft Feb 25 28 ft Dec 36% Jan 27% Jun 14 8 3/4 Dec 22 Jan 8ft Jun 14 17 ft Feb 26 Jun 17ft Dec 91 Aug 76 ft ; : : 2 33% NoV 12 Aug' 5 Sep a 9 - 9 73/8 May ft Mar 113/4 May 5% Jun 3ft Dec 14% Mar , , 52 ; 2 Mar 67 Nov 25% ", 48% Jun 'liftJun Feb 19 Nov Jun 13 56 V 65% Nov 14 18% Nov Texas Gulf 29 Feb 48 ft 45 % Dec 10% Dec 653/4 May 20 3/a May May 143/4 Dec 24 5ft Dec 14% Dec 46ft 15 ft 14 26 ft Nov 9 33 ft Feb May 7 48 Apr 25 Sub 16 46 Jan / 3 Texas 13 lift Jan- " 25 ft 5ft Dec 34 3/8 25 ft Apr 12% Jun 23 4% Jun 47ft Jan - 35 13 ft Apr ' 24 Jun 393/4 Feb 59 ft 95ft Jun 1% Mar 4ft 31ft i 95ft 32ft Jan 17 40 55 - //; $ per share :10 Dec 9% 17% July 313/a Dec 19% Jun 92 24 5% Dec May 33 • Oct 24 43 ft Mar 30 Lowest i per share /— $ per share Jan 10 Jan 10 Jan 13 Jan. 1 5ft 11% -25 ft 18 ft *77ft 11% 11% 5% 64 :.r. Co 63% 18% 17'ft 18 693/8 69% 69ft 69ft 69ft 3,500 25% 25 ft x24% 26 ft 25'ft 2 6'ft 25% 26% 15,900 46% 45!ft 43 ft 45% 45 45% 43ft 43 43 93a 9 ft. ; No 45 ft 100 *42 ft 9ft 45 ft 46 ■ y 44 *43 44 9% ft 14 par 9% 9% -14ft , 14 ft 14ft ' 8% Oct 10 108ft Oct *7% 9ft .14% 7% 7% *30'/4 7% *30 ft 13% 13% 5% 5% 38ft 38 V4 *♦37 ft / >3ft 14ft/ 38 ft 3% 3% 30ft r 31 *30 ft , * ..15 37 ft 6 ft 33/4" 16% •//■ 7 *47 47 ft *91 3% No par -10 *24 No par !106 com_ ' 7 24% x23% 11 .15 ft Jan 13 19ft Jan 3 Jan 32ft Jan 6 Jun 98 % Sep 26 9% Aug 30 8% May 32ft Jan 4% Jan. 24 24ft May 16 36% Aug - _No 34% 343ft 34 ft 34 Transamerica Par * • Corp Tri-Continental 29 31% Oct 13 6% Jan 8ya Jun 14 j, 7 prior preferred No City Rap Transit com—No 5% conv prior preferred $4.50 Twin Coach 13 Co 8% ft par V *36 ♦100ft / 8% 50 / 293i 1 22 ft SALE : 200 23% 23%- 5.800 PRICES Thursday '$ per share ft" Friday Nov. It Sales for the Week Shares $ per share 13 13 ft 5,700 14% 14% 3,300 15% 15ft 13 83 .13 15% 8 3ft 8 105% 8ft 11%. ELECTION 36 DAY ♦100% 29% 29% *4% 4% 4% 11% 36 36 •100 ft. 8% 8 30'ft 90 ft CLOSED 1,300 "6,900 ARMISTICE 102 30 4% / 18,700 21% 36 29 3 4 STOCK EXCHANGE 21% 102 8 106 ♦lift "22ft 8 ft 1.400 8% *105 ft 106 11-4 22 ft Nov. 10 14% —.15% CLOSED t 150 Yper share EXCHANGE 36'ft *106 - 107 /Wednesday 1 Nov. 9 - „ 101-ft 4% ; 4%.:. •. HIGH 8ft 30 1,400 *32% -33 1.900 *100 ft 8ft 20 3ft 6.100 -22 ft *36 102 3.700 93 34I/2 STOCK 8% ii3i 36 ft 'f par par 24 13% 105ft ii% •'.' 32% 47 ft 343/6 c 8ft 11% 22% *11 - 338 47 34 ft ' 105ft 22 ft 5 3% 7 <91 ft '14ft 14 ft 106 <6-4 47% 91% 14% 15 - f-7- 14% 13% 14% par 40 106% Nov. 8 $ per share 14 ft 8% Twin $ per share 13% *105% / Century Fox Film com—No -;$1.50 oonv preferred No 31 20 13% 1 20th ' Jun share 15% /15ft - No par common Truax-Traer Coal CO 8 8% Oct Corp AND Tuesday ."• *14% ••'14ft 2. 5 JNo par. preferred.^ $6 •" Nov. 7 tper 1,200 34 ft LOW J 200 .16% 1,700 14% Monday Nov. 5 ■ _ 3% 300 ••*106% %V Saturday , 37 ft 1C% 17:. 23% "A 14% :. 10 *3% * 3 2 34 ' 14% STOCK i 102 ft Aug 12 3 4ft Jun Jan YORK 10,400 5% 3% 24 14% exchange - 7% 31 5ft : 91 ft ' 10G% 106 14 ft par 200 500 13% 47 34Vi !I- —5 Bearing ■ 37 ft 5ft , *6 ft 3%' *33% 107 W - 92ft 3ft , 17 47% 47% *91 3% 34% ■34ft 17% *6 ft :92ft No par 14'/a ' 33ft 17ft .100 ; Eft- " No par com - -i , 3,900 13% ? *37% 3% com '■ 5% 5 % 2.900 9% 7% '31 *13 'ft '• 13% 7ft 73/b 30ft *13% •13% *17% preferred. : 27 6,600 k ./>14ft ' 1 Transcont'l & Western Air Inc. 11 10,900 18% 69% Transue & Williams Steel 6ft Feb 633/8 18% 63 ft 18 ,' 63 3/4 183^ lb% Feb 98 ft Feb 1,400 69 ft (The) Co Products NEW — .4 800 17-4 18% Transit Corp.No par Steel Timken Roller 13 300 5 16% (38% 16% Oct 26 : 11% - 16% 140 -10 No par S per share 14 ft Oct 19 2,500 5 5 V2 ., 3,800 5ft 11% 11% 5 Va 16% 63ft 64% 5ft 16% 600 18ft 79 *78 ; 16% 5% 11 5% < 5ft 11% / • 79 X5% 17 64 183ft 18ft 79 *10% No par -10 —_ preferred . Highest / . v 4 lift Jun Apr Z 14 ft 5% 18 lift STOCKS '——Range Since Highest 36ft . 18 *77 ft ,50c Timken-Detroit Axle 10 100% J ffh 5,700 -50 $3.75 Jan 25% Mar Jan 2,500 9% 17 $3.50 preference —«.! Tide Water Associated OH 106% Nov 19 '600 32% —1 Thompson-Starrett Co 25 ft Jan 3 13 1.000 . 9 preference——No par Avenue 4% Oct 500 9% 36 32 *5 ft x Thompson 4% Oct 37 - 156 93/4 ♦35 9ft Thompson (J R)— July 19 ft Aug 4% Dec ( 33% $2.50 conv preferred Mar 14 13 ft Jun 10% May - 156 . 9% 353/4 93i 33 .—1 IThird 91% Nov ' May 19 1023/4 May 107 ft 12ft Mar 160 9% 35ft , 33ft common Thomas 47% Nov i 2ft May 23 23 ft 22 3/8 Mar Nov *10% ... •158 v •ii% preferred— conv Thermoid Jan 9 15 Jun 13ft 5ft Feb 96 • 20 1 233/4 Nov 15 ft Nov 4,100 9% Ry Co— Fair The 7ft Jan - 14 Year 1948 Lowest 1,600 2,700 10% lift common Range for Previous . . Nov 34 ft Jun 23% May Dec 193/4 54 ft 10 ft 33 ft ctfs conv $2.40 ♦ Oct 41ft Oct 7 July 104 % Mar - 6% Jan' 2 /84ft Apr Nov ,19ft Feb 14 20 Jan 19% Mar Mar 1% Jun 7 May Feb 32 ft Aug 17 14% Jun ' 10ft Jan 85 19% 54 ft 10% ' Dec '7% Oct ft 55 ft, 10% *158 Thatcher Glass Mfg Co common. —5 9 20 55 10% ft j Pacific Inc $1.25 153/4 Jan 22 19 • 10% May Dec -19% 55 10% —, Producing Co share & Textron 7 7% Nov 20ft 55 ' ■ Apr 6ft 19 / 4% Mar 21 4,700 Pacific Land Trust— Jun i3 ft July 12 16ft *20 ft Corp SUlphur Texas Pacific Coal & Oil Jun - Jan 16ft 2,100 1 Gulf 8 May 9,700 9ft : ; Texas 36 Jan ,123ft Apr x < 9 16 ft Jun Oct 69 ft Nov 80 11% 16% 69 No par No par com Corp Texas 25 14 121 ft 1 1 3 • Jun 3,100 11 16% (James) Co 1,100 9 96 <67 16% 25 Corp Texas '45 ft 87/» 11 Ltd- preferred 3 - 44 ft ♦12Q 16 ft 25 Co Telautograph 44ft 11% 10c International Tennessee 55,500 66 35% Talcott Inc 1 17% Aug 11 26 25 120 lift 12.50 Sylvania Elec Prod Inc 10 5ft Nov 14 1,500 65% 10 Gould 3,700 1,100 *il9ft 160 $4 600 18ft ft 3,200 ' ♦95 lift . Symington 17% DAY 66 *9% ■i 21 11% Nov . 6 13% Jun , 25ft May 71ft July 47 14 2% Jun- 5% Oct 12 18 18% 96 11% 35% Swift 12% 6,100 ARMISTICE 120 119 ft 50 Swift & 7 7 i 14 9% Jun v 19% May Nov 15 ft 3% Jun *95 25 B Inc Co •" 44% 9 8% 25 Superior Oil of California Superior Steel Corp. 21 *43% ft 9 96 Paper Co 10 Sweets Co of America (The)__4.16% Feb 89 series Biscuits * 700 37'ft 99% 31»4 I 1 series A preferred 44 66 . 100 preferred ft 8% *95 __No par pfd ' 4ft Mar • *42 1 Sutherland 24ft Jan > Oil Co common Sun Class A 4ft % 14% Jan 15 Aug 30 30% Jun No par Sunray Oil Corp common—- ' ,79 i Corp common 28 Jirn 43 Dec Mar Corp Chemical $4.50 series A preferred-'.—No par 66 3/4 Oct 15 26 ft 12 lift Sep 17 14 Dec Sunbeam Sun 27 Sep 121ft Sep 10 Jan Jun 187/a Nov/* 9 9% Oct 96 * 8 9 Dec 9 45 ft 7 117 17 ft ?4ft Mar , Jan July 15% May 21ft Jun 140 13 6ft Feb 90 CLOSED 12 - 17% 18% 243/4- 800 EXCHANGE 17% 12% 17% STOCK 12 ft 12ft . 5,700 — 30% »' 30% • 12 24% 24 % ■ 6ft *30 37% 12ft 6,600 300 '46% 31. 12 ft" * 93 ft *45 11% 30 V /, Shares 18% *98% 12 ft 12% for the Week 26 ft 11% 37 30 ft 12% 11%' CLOSED • 46% *• Sales Nov. il $ per share 101 Xl8ft • 19 4 —1 . EXCHANGE 1 26 •100 ' 19ft 31 *45 " 11% *17% No par Corp 31 v ! 101 •' . 18% t , Friday Nov. 10 t per share 26% 26% 101 ^ STOCK 30% 30 ft *12 ft _20 0' 99% * 5 fo ^ .f 11% 12% _i_. —5. common. .—1 f - 371% 36% •' 45% •30 113% >983/4 _15 45 ft 31ft r ■ 1 ' *llft ■ 19% - Thursday $ per share v 27% t, j Nov. 9 fper share 1 PRICES Wednesday Nov. 8 . 100% 19 * 45% *30 * —1 26 34 100% loo3/* i" 19 No par j 27 *99ft -50 Ibc Corp Stokley-Van Camp Inc 2 27 100 Stewart-Warner 10 -10 common. --1 * 3ft % 19 Nov commdn_ Spring convertible .' $ per share •• SALE HIGH Tuesday NoV. 7 • Ohio of Steel Sterling Drug Inc 2 19 ft Nov. OH preferred series A Sterchl >7 13% Aug 17% Oct LOW AND -Monday Nov. 5 I per share,» (1931) RECORD Saturday Starrett Co (The) L S 18 33% Oct 18 25 16 ft Feb Jan 14 ft Jan: j 4 12ft Feb 19 41ft Aug:' 2 Jan 27 17 9 ft Jan >3%% Standard 100 3 9ft Jun 20 Jan 13» 20 24 ft Jan Jan Standard 9 .38ft Jan: 7 Jan *. 6 16ft May Nov 453/4 Oct : 15 94 i Jun 101' /19% Nov ; 2 CHRONICLE -it;-/ STOCK Par ,27ft Oct .27 ..: , .. 14 18 Dec lift I3 ft May 36ft May . 15 May 39ft Jun Feb 88 -Jun 20 ". YORK STOCK EXCHANGE S per share t Jun t 7 89 NEW Highest FINANCIAL YORK - ' Lowest & j 30% 3,900 - 1,750 4% 4% 200 DAY 8ft 700 U 93% - Dec 12 Jan Dec 59ft Jun 39ft Jun 17 9% Mar 16ft Jun 103/4 Feb 8 39 27% Feb :37 Va Nov v 39% May 43 ft Nov 19 ft Jun ; 13 103 Oct 110 Jun Jan Feb 98 Jun Nov 90 Jan 94 Jan 86ft Jan 'A 25 ft Jun 13 73 ft Jun 14 107 . ,21ft Feb 38% July 793/4 Nov 96 ft 45% Sep .31% Jan 22ft Dec 103 ft Nov 9% Nov 19 ft 57 ft Nov 90 ft Mar 19 July / 513/4 July 41% 48 Jun - 31 30% May 1103/4 Jun Jan 23 ft Oct Dec 15ft 27% Feb 38 ft Dec Feb 36 19 ft Feb s . 103 29 : 2% Nov 41 Dec July Feb Feb 9 60 Dec 82 16 3/4 Feb 28 ft Jun Jan 46 % 48 Feb 183% Dec •58ft May liy* Dec 2 22 July ! 19% Jun Feb 7 3 United 42 Oct 13 7 6 133/s Sep 15 United 20 11 28% NOV', Certificates Feb 24 ft May 12% Jun 28 17% Jan U "92ft Feb 113% Jun X89ft Jun 13 107% Nov U 166 ft Nov 179 Jan 10 187- 6% Jun 6 Jun Dec 17 ft 54 ft Dec 76 19ft Dec 8 " 175 May Jun 42% 43 Jan 7 May 25 17% Apr 28 4ft Dec 3% Jun 13 17% Dec 36 Jan 15 ft Jun 13 lift Sep 21ft Jan 11% Jan 3 73/4 Dec 9% May 7ft Jan 39 ft Feb 49 Jan 53ft July 58 July For . 1 - 8% footnotes ■ Jan *ee 1 pave ' 101v Nov" 28 27 26 ft Oct 5 5ft Jan.14 .21' Jan 27 S 4 U U 21 16 ft Oct; U S S S 19 8% Apr 13 49 ft Jan 28 U 12 70 27 U S 24 interest w 8ft Industrial Leather Lines S com Chemtcals- Co 2,600 51 : 50% 34 ft rX32ft ./ 111 13% 14 ' *37 34 3% • 5 * 38 ft *100% >7 7 'ft 1 62 62 52ft. 52 Va 7% *62 17% 52 ft 17% 18 17% 25% 25% 25 : 12 ft : 12% 104ft 105 V 187 *186 103% ; 9% 9% 9% *46 ft 47 ft •46ft 47 ft 23 ft 23 ft 23% 23% 4 Va 4ft 500 62 60 62 52 ft 7,700 17% 18% 22,400 25% 25% 25% 1,400 12'ft 7,700 4 'ft 5 2'ft 12 ft 22 24 *22 ft 24 24 ft *22 24 :27ft 12'ft 27 ft ^28% U2 *101 ,15ft 15% 107% 104 *186 9% 8 No par 7% 105ft 105 - '' j- 15ft 187 •186 *6% 5,600 18% *101 , 15 ft 15 ft 40,000 12 ft 28% 101 101 7% €3 ft 52% 1 *22 - 170 4% 18 24 ft ' 3'ft 45 ft 43.4 4% 25 ft , *22 15ft 3ft 44ft 700 24 ft! 101 373/4 C'.. 1,100 , 15 ft; *37 ■: 3% 100 17'ft < •100 ft 1,500 39 ft 52 * ft 12% 28% 36% 17ft 24 28 ft 200 *36 39 ft 12 ft *22ft 28 ft- 8ft 17% 24 ft *22 27% 1043/4 *8'ft 40 v \. 1.90O 27 'ft 104'ft 8ft r 40 ^ v'*22 200 17ft 18 25% 6,500 81'ft 105ft 45 38 434 - •' • 100 133/4 81'ft ' 63 ft 52 ft 45 ' 5 4% 7% - 700 7,700 ; 13 ft : 38 3ft 45 1,000 ; 111 36 ft •37 3% 3% 45 45% 36 32% 23 27% Z 27% *104% 40 • 50 50% . 22'ft 82 V *8 ft I 36 ft 17 3/4 187 9 ♦18Q 9 8% ft 27% 8,500 102 40 600 13%V 105 & 4,000 187 8% 403 ' *46 ft 23 . 47% *46% 47ft 23ft 23 ft 23'ft " 4ft 1.000 '4 ft 4% 4% 19 18 ft 18% •' 18 V» 18 ft !8% 18% 1,000 16% 16 16'ft 16 16 SB 16 3,800 ——!Tio *8 8% •8 20 *47 47 ft *60 ft 63 No par —No pat common preferred ; Pipe & Foundry Oo Playing Card Co— 7,800 823/4 16 common. class 36 <0 .100 conv Co 36 ft -100 Machinery preferred 27% 82 82 27% 17% X i preferred 4ft% 18 of ;:f 105ft 8ft 39 ft 1 Hoffman Partic & U Jun Oct 27 ft 39ft -10 Co—13ft Inc 27% ft 23% *109% 133ft *104'ft 4% *60 Foreign ft % 52 ft Jan 38 Mfrs 91ft 82% 50:% ' Securities —-No par -No par $4.50 1st preferred-— -No par S Freight Co ; 20 S Gypsum Co common 7% Oct 10 ft Sep 57 Jan & 96 28 21 81% 39 *7% - 900 •"90ft 82 ft *33% *8oy4 83/4 3%' ". 2,400 *95 90 277b "•'13 ft 5 United Paramount Theatres wi—-1 Feb Mar Mereh 40 ' 109% ; *17% U S & Jun 94 Co 111% 23% 27% *44 ft United Gas Corp———— United Gas improvement 110% 96 90 ft 34 105 ft *37% / —No par United 8 25% Nov . Fruit 7 ;j18ft Aug . 15 ft Jun Foundry 111% '*95 ! 50% 5 Cos— United Engineering & 89 101 Coal Electric 9 543/4 Mar 6: 24 183/4 Feb 32% May (The).—1—- 15,900 " 23 ft 84 27%l preferred.!—I0o Jan '6 '.73/4 Oct 25ft Oct-15 241/4 Oct 14 19 -16% United Corp 50% 34 109% 13% ' *104 ft • 9% Mar 23 1 $3.50 convertible —->1 United Dyewood Corp common—.1 7% preferred —100 65' 22: Aug 18 ft Feb Fastener. Corp..No par Cig-Whelan: Stores com—30c Unite 2.000 40 34 ' United-Carr 22% Jan Jun 14 y8 x44y4Jun May 21ft May 1 3% Oct 25 47ft Sep 23 5' Oct '24 16 23 39 ft Nov 3 26% 40% ♦110% . 83'ft 111 36ft' Co—i 25% 40% 27% 23 3 b 13% *80 preferred Carbon United 26 3ft 40 ft " ^ 18 $4.50 27% 82 ft * 1 100 i 26% 92 34 ft 23 ft" ♦108ft commbn—10 t——- 12 ya 96 *90 ft 50% •*33% 1 No par 38% Jan . : * 50 % 50 No par Inc 41ft *12 -?• *110%. 111% *95 1,500 41 12'ft 40% 27 ft *8% 13 34% Jun > Lines preferred 9 9 , 41 'ft ' / 13 .45 Jun Air 9% 40%12 26% 83 ft 83 ft Corp common—-5 convertible preferred.. 100 41/2% 9 > 403e 92 27%' ——.—No par United Board & Carton Corp 10 40 ft Jun 2ft Jan 5 3 3 3% Jun 24 : Aircraft United 9 • 26 ft '96 *90 ft* United Biscuit of Amer—;—-No par. 9% Oct 20 i 5% '/■ Ulft *95 13 Sep 2ftJuri ■ May ft Apr 37ft 106 preferred—; non-cum 27 mo ft 21 28 ft Oct • 13 3% May 4ft 14% Oct 21 .-85% Oct 26 16 4% United // 40% 50 com—1 12% . ' 25. RR Co of Union Tank Car Co_^ 11 29% Jan Jan 2 % 5 Oil Pacific 15 1091/4 Oct 28 293/4 Jun -t 513/4 Feb 26% Mar 30 California-—! Union 41 12 40% :> $3.50 Union 40% 12 /"/ 27 $3.70 363/4 Jan 27 5ft July 55 : ■ pfd $4.50 ser__No par seriesNo par series.—-No par Preferred Preferred 14 89ft Jan 21 > 13 Jun Un El Co of Mo 1 5 Aug 9 % 41% *11% ' 5 & Paper Coirp—No par Carbide & Carbon—J4o par Union - 9 *9 ♦41 J 1 No par ^ &.Rubber Co Union Bag 7 323/e Sep . 16 4% Jun Corp Asbestos 94 61% Jan' 3 Jan (The) 94ft Nov: Mar 28 10ftJun Underwood 7 Jan 112 / Aug 30 7 20 ft July 15 ,104 ft Jun 14 Apr f 6ft Apr 6 ,31ft Jan 13 80 Union ;42' 6 91 Udylite Corp 123/4 Apr ; 17 333/4 Jun 10ft Mar117 46 / Jan 12 , -• »4%> " ' ic " *18 ft 47 ft •67 8 ft. 47 ft 08 - • *8 47ft *66 ft 8 47ft 68 8 ft , 800 8ft 100 *47 47% 600 *67 68 23 24 COMMERCIAL THE (1932) & FINANCIAL CHRONICLE Monday, November 14, 1949 1 YORK NEW Lowest Highest S per S per share Dec 37% May 19% May 86 Dec 94 82 37% Dec 49% May k Nov Jan 26 133 Jan 21 18 Jan 58 Vs 13 Juu 33% Oct 4 46% Apr Apr 62 Oct 3 72 140% 129 74 Jun aun 8 17% Feb 19% Jan 18% Jan Nov 42% May 38% Jan 140% Jan 3 85 % 4% Feb 24 12% May 8% Jun 14 11% Oct 98% Apr 29 2% Jun 29 80 Jun 6'A Dec Jun ! 91 62 *62 19% *19% 17 25% Sep 2 Jun 28 17 14 27 2 Universal 8% Vanadium Corp ll7/, Van Norman Van Raalte Dec 15% May Feb 26% May 20% Jun 14 26% Nov 9 12 % July 15% May 10 Feb 16 13% Jan 6 19% Dec 29% 20 Jan 3 25 Oct 6 Vick. 89 Feb 10 80 Feb I 43% Nov 7 85% Mar 5 Dec 94 86 Feb 95 Jun 85% Jan B 32% Dec 48% Jun 33% Jun 17 •v l/ct 96% Apr 91 Jan 7 14% July 5 Jun 6 7% Mar 63 14% Jan 82% Jun 17 118 3 15% Jan 113% Jun 29 118 117% Jun 14% Jan Jun 23 Dec S 28 % Deo 38% May 27 29% Nov 34% May 29% Nov 9 24% 14 July 18 28 11% Jan 18% May Not 15% May 13 99% Oct 124% July Feb 109 May 21 Jan 21 19% Nov 2 Feb 14 com 100 33% Oct Apr 25% Jun Jan 23% Mar 32% Jan 30 Mar 16 32' 66 Jan 45 Jun 8 00% Jan 28 14% Sep 13 31% Oct 5 27 30% Apr 30 Apr 26 *90 91 3'A 3% *25 25% 25% 15% *15 15% 8% 3% •i o 2,800 3% 25% 400 15% *15 200 9 % 23 %. 8% 8% 7% 8% 15,800 23% 23% 23% *23% 23 % 400 *164% 165 10% 165 165 10% *165% 9% 10 9% % 20 10 5,000 30 62% 21% 22 20% 167 x62% 21% 62 *62 G.600 -/C,: 8% 9% 8% 8% 26% 26% 26% 26% 26V2 26% 900 Vertlentes-Camaguey Sugar Co__6% 11% 11% 11% 11% 11% 11% 11% ll>/4 2,000 2.50 23% 23% 23% 24% 23% 23% 23% 23% 3,900 Chemical Co 5% non-cum 3%% *90 95 *90 95 •90 94 *90 94 *90 44 42% 43% 41% 41% *98 99 98 98% 98 99 7% Va-Carolina Chemical com—No par 6% dlv partic preferred Elec & Pwr Co com Virginia $5 preferred pfd 9 *90 100 preferred 9 9% *42% Pacific Ry com_100 preferred 100 Vicks Shreve & Victor Chemical Works common,—B 6 32% 2,100 26 33% Apr 39% 11% 9 7% *87 100 TO 100 25 Virginian Deo 91 . 400 11% 11% 5% 26 12 Apr *88% 1,400 44% 25 3% day 21% 44% X5% 6 11% 2,700 10 32% Jan Deo 44% 5%. 1,3*00 armistice 135 21% 21% 6 3% 135 3,500 39,800 2.50 Inc Va Iron Coal & Coke 4% 25% *5% V 165 19% of Amerlca__No par Co Co 23% July 14 29 5 . Inc preferred 25% Apr 25 Feb 9% Jan Tobacco preferred 4%% 14% 8% Aug >8 Leaf Universal Pictures Co 21% 85% Oct 21 *44 DAY 20 19% Jan Inc 6 135% 135% 63 Jun 63% Nov closed 24% 90% 10% 23% 27% *88% 62 Feb Jun 90% 10% 29 10% Oct exchange 65% 24% 11% *164% 9% Sep 170 11% 1 25 5 11% loo 3% Feb 3 11% 23% Jun 10 39% 65 25 21% *23% 10% Feb 37% 65 44 % com.Nopar Mar Mar 21 *44 8% 4 7 39% 64% ELECTION 44% 1 7 43 % Jan 136 Universal Laboratories 17% Jan 156 135% *15 14 May 119% 39% 25 *44 *5% 1 10 1,300' stock 120 24£ 24% 15% 8% 12% Jun May 25 119 4,200 33% 118% 65 15% Jun 15% May No par com preferred Stockyards Corp non-cum 1,200 94 33% CLOSED 39% Shares 28% *92 . 34% EXCHANGE 120 39% 24% 24% 136 ,136 *21 21 % 33% STOCK 65 : 1 20 70 No par 119% 40 €5 Universal-Cyclops Steel Corp Feb 170 39% *64% 25 16 Dec 119% 3% 17 Feb Co *118% 94 *92 the Week Nov. 11 $ per share 28% 28% 23% 28 % 25 % 27% Oct Deo 7% 34% for Sales Friday Nov. 10 t per share Sper share 93 34% 28 *3% 8 7% com: 7% U S Tobacco 93 34% *88% Feb 42 Smelting Ref & Mln preferredU S Steel Corp common 7% preferred—. 93% *24 % 21 150 U S 28% 34% 100 5o 50 1st preferred non-cum *27% *92 10 2 50 8 Jan 19 1 100 common-.. United Wall Paper Inc common 4% conv preferred Sep 28 Jan 34 4 8% Co Thursday $ per share Nov. 9 Nov. 8 , S per share United Stores $4.20 non-c 2d pfd__5 $6 conv preferred -.—Nopar Dec Dec Plywood Corp common pfd series A Rubber S share United 22 2% S 3%% U ner 5 6% May Dec U t 1,; PRICES Wednesday Tuesday Nov. 7 3 6% Nov 4% Mar 8% 26 21% May 19 44% Sep 2 4 37 Mar 17 25% Oct 27 20% Jun 13 129% Mar Par 7 43 72 Dec 10 93 112% Jun 137% Dec 37% NOV 63% 28% Nov 3 Apr 29 Monday Nov. 5 $ per share 31% Aug 12 May Saturday SALE HIGH LOW AND STOCK YORK EXCHANGE Highest share 22 Vs 121 NEW Range Since Jan. 1 s Year 1948 $ per share RECORD STOCKS Range for Previous Lowest STOCK 7% 87% 88 7% 87% 19% 19 116% 19% ♦116 •116 20 *18% *90 95 94 *90 .94 ' '/ 1 19% 19% = *98 V l.COO 150 99 7% 1,400 87% 871% 500 19% 19 19% 116% 116 '• 41% 7% 87 87 20 41% 7% 7% 116% *18% 95 1,000 116 116% 20 *18% *18% 10.5C0 120 1* -.'.'V-V:•' 20 r 7ft 29 % 29% 28% 28% 28 28% 28 28 1,100 30 2B 2S Ry Co common 6% preferredVlsklng Corp (The) Vulcan Detinning Co common. 30 30 30% 29% 29% 29% 29% 3,200 32% B *31% 32% 32 32 32 32% 4G0 321% 20 *27% 25% *27% 28% ♦27% 28% •28 28% 20 preferred ♦29% 30 ♦29% 30 *29% 30 *29% 30 49% *47% 49% *47% 48 V ' W 87% Aug 12% Deo 15% loo % Jan 12 Jun 30 35Va Dec 28 Jun 25% Jun 13 105 Apr *18% Mar 101 Aug 101 14 Nov 32 4%% 100 No par 49% *47% *14 14% *14% 14% 14 % 143/B 14% Walgreen No par *29% 30% ♦30 30% 30 30% x293/8 *105 105% 105 Co 4% 7 9% Jan 7 Walworth 15% Oct 13 9 Warner 18% Jun 22 25% Feb 1 Warren Foundry & Pipe Warren Petroleum Corp Nov 34% May 14 Jun 14 22% Jan 20% Jau 27% Aug 23 % Jun 27 25 Jan 11 12% Deo 20% May 11% Jun 14 14% Sep 14 16% Deo 22 16% Feb 10 13 Dec 30% Sep 11% Apr 21 Jan 23 Oct 17 7 27 Dec 34% *80 Nov 86 Va 13% Veto 15% 15% 15% 15% 97% 99% 99% 99% 99 Va 180 14 14% 14 14% 14 14% 70,800 No par 24'A 24% 24% 24% 24 24 •23 23% 1,400 2,300 ' 19% 19 18 3/4 183/4 24% 24% 24% 25 13% 13% 13% 13% 13% 1,400 B *22% 23% 23 23 22 Va 23 22% 22% 900 17 Xl6% Wayne Mills Knitting 7 Wayne Pump Co Webster 7 Wesson July 13 84% Oct 18 1* 23% Jan 21 West Indies Sugar 22% Oct 14 West Kentucky 3 24% Aug 10 $4 1 5% 5% 16% 5% 2,100 5% 23% 24 24 24% 23% 23% 2,900 83 83% *81% preferred No par *82% 83 83% 83% Corp 1 19% 20 19% 20% 19% 19% 19% Coal Co 4 19% 20% 19% 20% 18% 20 18% 16% Apr 22% Oct Feb 51% Jun 35% Jun 100% Feb 110% Jun 104 4 14 May 12 *114% 115 114% 115 115 20 107 ♦105% 107 •106 107 107 107% 30 100 *105% 107 *105% 107 •106 107 107% 107% 20 prefejyed series O Virginia coal & Coke West Va 4%% 24 15 24% 24% 24% 114% Range sinee Jan. 1 Highest $ per share 5Ya Nov 10% May 34% Dec 46% May 15 14% 15 14% 15 14% 14% 2.000 45% 45% 46 45% 46 45% 45% 600 107% ♦106'/a 107% 107% 290 107% 107% 7% Mar 22% Mar share Feb 5 STOCK Saturday Par Lines Inc 7% Apr 11 Western Air 41% Mar 12 Western Auto 16% July 12% Jan 20 Western 38% July 21 29% Apr 8 Sep 8 4% Monday Nov. 5 tper share 24 t per share —I 7% Supply Co Maryland Ry com 2nd pfd 108 100" non-cum 38'/4 Wednesday Nov 58% Deo 36% May 74% July 20 Jun 13 30 Jan 24 53% Jun 6 69 Nov 9 Western Nov. 9 $ per share t per share t per share 7% 7% 7% 7% 7% 15 Deo 26 3 39% Jun 34% Jan 7 23% Deo 33% Jun 20% May 31 29% Oct 26 Westlnghouse Westinghouse 85% 90% Jun May Feb 95% Apr 91% Feb 101% Jun 98% Feb 15 25 Dec 40% Jun 21% Jun Jan Mar 67% CM 29% Jun 83 Mar 92 Jan 71 115 102 July 23 Feb 27% 13% Dec 24% May 9% Feb 22% July 27% 9 Feb 31% Feb 19% 8% Mar 12 104 11 114% Sep 5 12 48% Jan 13 July 10 Aug 11 26% Jan 7 23% Mar Jan 100% Nov 3 Mar 30 80 37 27 89% Jan 12 31 2 Oct 27 3%% Jun 16% Mar 30 White 3 29% Sep 23 38% x37% 38% 37% 37% 1,500 11% 11% 12 u'% 11% 2,600 *24% 26 *24 26 26% 27 *26% 27% EXCHANGE 600 69 69 *68% 69% CLOSED 100 26% STOCK 27% 27% EXCHANGE *68% 8 33% Oct 7% May 31 5 X13% Oct 27 4% Jun 6 7% Jan 8 Mar 65% May *42% Jun 22 56% Jan 13 10% Nov 17% May 8% Jun 15 69 Dec 88% Jan 70 12% Dec 19 14% Dec 18 12% Mar 10 Jun Motor 69% CLOSED 191/8 19% 19 19% 26 25% 26 28% 27% 28% *100% 101 *100% *101% 102 101% 101% 24% 24% 24% Co Oil $4.50 canv *113 115 *40 80 *29 29% Dec 28 *138 4 Jun 2 Sep 27 13% 25% May 138 preferred 6% Iron (F W) *33% *11% 5 51 34 12 ' 11% - -180 68% *82 58 Deo 81% Nov 94 Jan 60% Mar I 22 Feb May 96% July 69 Mar 11% Deo 34% 11% Jun 14 - Jun Jan 10% Feb 16% May Deo 48 May 15% Feb 24 Oct 65% Dee 13% Dec If % Deo - *Bid rCash 35 July 8% May and sale, Oct *19% May Feb 3% 89% asked s prices; Special sales. Feb 25 80 66 Feb 78% Sep 2 12% Oct 27 24 Yale 64 Jun 9 8% Feb 25 19% Jon 15 8 Jun 72 Oct 27 76 10 Nov 9 Nov Jan 2 20 13 12% Jan 7 30% May 13 16% Jun 17 53% Jun 13 10% Jun 28 39% Jan 18 "July 13 3% Feb 9 20% no sales on wdWhen 26% Oct 19 & >;rCv 29% y" V- y.'» V* #-.= 600 Towns Mfg Co York Corp common 4%% conv preferred 11% 5 *50% •33% 5 51% 11% 10% 10% 19% 19% 19% 145 •140 30% 30% 47% 47% X46% 16% 16% *33% U*A 5 43/4 51% 51 79 10% 11% 434 : 11% 34 *11% 11% 79 30% ; 34 11% 10% *140 *33% 34 11% 300 4% 5,300 51 51 XI0% 11% \ :';V ':r •, 79% 19% •L' 103% *77% *10% 19% ■». 19% 19% 145 *140 30% ■ "• ♦140 3,500 200 103/4 .... ... 145 30% 47 600 11% 79% *10% * ,!:v'* '• 145 11 % 79% 31 30% 473/8 47% 5,200 j. 31 47 400 < 473/a 1,400 6:300 ... » 68 V „ 3 , Machinery common No pax Prior pfd 4%% series 105 Prior pfd 4%% conv series—104 Wright Aeronautical No pax Wrlgley (Wm) Jr (Del) No pax Wyandotte Worsted Co I *59% Feb 24 July 37 17% Nov 18 ; 79 19 10 Co 5 51 *78% Co Worthington Pump & Deo ' 2,700 18 Woodward 29 —— 360 2.600 1 Co Woolworth •— 3,300 13% No pax 2 " ■ 27% No pax $4.25 preferred 10 : 80 13% No pax Wilson & Co Inc common Sep • 39% 78% 273/4 20 com pfd series A 34% Jan 29% 115 39% . , 13%, • Motors 49% July 29 29% 403/4 27% Wilson-Jones Jan ( •' 13% Wisconsin Elec Power Co com——If 22 ■ 27% 17 44 1 80 29% • 39% 79% . - 300 13% 26 128 ♦113 115 •113 40% 130 400 , 27% 13% Jan Oct 115 243/4 13% 19% Oct Jun 102 24% 27% 14% Jan 14 Jan 100% 102 13% 10 37% 100% 25 27'/4 Jun 49% 993/s 101% 24 % 13% Jan Feb x99% 8.000 29,900 27% 79% Nov 41% Nov DAY * — 7,400 ARMISTICE 27% Xl01% v-./1 79% 29% 18% 253/a 27% x27 DAY 101:,, 79% 18 X25% 273/4 ELECTION 40 " . 125 ♦113 40% ♦79 19 26 — 1 21 Jun 6 9 24% 18% 25% ' STOCK 1 com Co Willys-Overland 69% 100 Sewing Machine Prior preference Wilcox 27 100 White 28% Feb Nov 13 18% Jan 5,100 38% 27% - Shares *24 25% Wheeling & Lake Erie Ry 100 Wheeling Steel Corp com No pax $5 conv prior pref No par White Dental Mfg (The 88) 28 for *11% 12.58 Instrument $ per share 7% 13% com pfd series B Elec 27 Air Electric pfd series A 3.80% Weston 12% Jun . May 61 - Teleg class A_No par Brake No par Western Union Nov 13 May 31 21% Jun 13 19% Nov 29% com A— *70% 22% —1 -55 10% *37 *70% 74 *77 12% 16% 71 74 77% 73% 16% 15% 15% 16 70% 16 70% 71 70% 70% 73% 74% 76 •75 •77 80 77 78% 78 2,600 75% •r , < 40 210 , 80 • *77 80 77% *76% 78 78 77% 77% 12% 12% 12% *11% 11% 10% 11% 2,400 22% 22% 22% 22% 2.100 22% 10% 3*% 10% >37 30 r< 500 10% 37 22% 10% 10 % 37% 1,100 10% 37 22% *36% 10% 37 Va 200 25% 25% 25% 25% 25% 25% 25% 25% 1,100 70 70% 70 70% 69 70% 69% 69% 8,100 6 Young (L A) Spring & Wire-No Par Youngstown Sheet & Tube—No pax Youngstown Steel Door No pax 11% 11% 12 12 11% 11% 11% 11% 1,900 Jan 7 Zenith 28% 28% 28% 28% 28% 29 28 28% 2.500 4% Oct 13 Zonlte 74 Jan 28 14% Jan 33 this day. distributed, $In receivership, x Ex-dividend, Radio Corp— Products or y Corp. .No pax l *4 4% 4 <- 4 petition has been filed for company's reorganization. Ex-rights. { the Week 11%- *68% RR series Sales Nov. 11 Nov. 10 26 11% *25 No par Iff Pacific Preferred . Friday Thursday .<• Nov. H t per share 7% 38% -10 Tuesday Nov. 7 ' 25% 107% LOW AND HIGH SALE PRICES EXCHANGE 32% May 23 8% Feb 24 24% •106% 18B NEW YORK Lowest 24% *45% B Pulp it Paper com—No par preferred 24% STOCKS Highest 11,700 115 *105% Range for Previous Year 1947 24% •114% West 108% Jan 25 25,200 100 17% Jan 20 20 130 1,900 19% 19% IBB pfd eerles B preferred 46 Oct 1,700 83 No par 4.10% 38% 5% com 107%.Nov 10 5% Power 4% ft 4.20% 2 16% 5% 23% Elec Co 108% Jan 26 101% May 13% Mar 17 *5% 23% West Penn 104% Sep 30 10 16% 500 West Penn 107 Nov 16% x ——B Inc Tobacco conv Jun 115 16% 19% Oil & Snowdrift com—2JO Jun Apr 18 2,400 24% 107 $ per 15% 961/2 14 13% 113 $ per share 15% 96% 13% 19% Oct Lowest 151/4 ♦95% 5 1 *24% 5 14% Jan 1,200 13% Nov 19% July 73/4 19% 105% Nov 100% 2,100 7% 24% 6% Oct 16% Jun 30% 7% 19% 27% Jan 26% May 19% Mar 120 293/4 7% 7% 30% *131/4 3 78 15 7% 400 30% 30% 7% 400 *24% 13 Jan 30% 30% 14% 293% 1033/4 3 Washington Gas Light Co—No par Waukesha Motor Co B 3% Jan Aug *7% Pictures Bros *19% Jun 6% May Sep 30% X103 105 100 Baking Co common preferred 16% Sep 29 3% No par 5 % % 9 *19% 105 No par Co 14% Nov Ward 105 100 preferred Walker (Hiram) G & W 99% Nov Jan 26 preferred common 3 Jun 9% Jan *48 Waldorf System 14 May 22 30% Nov RR *87% Jun 14 Jun 9% Nov 1 *12 167/a July 10% Mar 19 6% Jun 29 13% May *83% Mar 105% Oct 21% Jun 27% May 8% Feb May 19 Wabash 4 lEffective Sept. 23, name 4% was changed 4 to 4 Shell 1,600 Oil Co. a Deferred • . ■ rH' ' delive ry. ' Number 4855 Volume 170 THE COMMERCIAL Bond Record Italic lettera In the column headed . FINANCIAL ' CHRONICLE New York Stock «» FRIDAY The & WEEKLY - "Intereat Period" indicate Figures after decimal point repreeent one each the month when the case 82d more or Exchange YEARLY in (1933) of a bonds mature. „ point. LOW AND HIGH BALE PRICES Banfe for Previous GOVERNMENT Year 1948 Lowest NEW Range Sines Jan. 1 Lowest Highest Highest 101.11 May Saturday STOCK 9 ^Treasury 3VsS Treasury 3s Monday Nov. 5 EXCHANGE 101.11 May 9 BONDS YORK Ic» :—1949-1952 Tuesday Nov. 7 Huh Low Wednesday Nov. 8 High Low Thursday Low Friday Nov. 10 Nov. i> High Lew High Sep 108.28 May 108.13 Jan ♦100.11 100.12 •100.11 100.12 ♦100.10 100.11 ♦100.10 1951-1955 •104.3 104.5 *104.3 104.5 •104.3 104.5 ♦104.2 1955-1960 •109.12 109.16 •109.12 109.16 *109.10 109.14 •109.10 1951-1954 ♦103.3 103.5 ♦103.3 103.5 *103.3 103.5 •103.2 2%s Treasury 2%s Treasury 2%s 1956-1959 •110.20 110.24 ♦110.20 110.24 •110.20 110.24 *110.20 110.24 1958-1963 •111.24 111.23 ♦111.24 111.28 *111.24 111.28 *111.24 111.28 1960-1965 •113.20 113.24 ♦113.20 111.24 ♦113.20 113.24 ♦113.21 113.25 1949-1953 •100.9 100.10 *100.9 100.10 1950-1952 •101.15 101.17 ♦101.14 101.16 1952-1954 ♦102.31 103.1 *102.31 103.1 1956-1958 •106.8 106.10 ♦106.9 106.11 ♦105.10 105.12 ♦105.13 105.15 Treasury 110.23 Mar 11 101.18 Dec 102.22 Feb 110.23 Mar 11 _ Jun 101.19 Jun 102.1 MarTf 104.15 Oct~18 100.24 Mar 100.25 Jan 103.8 July 25 103.8 July 25 Treasury 2%s Treasury 2 Vis Treasury 2Vis Treasury 2Vis Treasury 2Vis Treasury 2 Vis 100.23 Jan 100.26 Apr 100.23 Sep 100.24 Sep 101.13 Jun 24 Treasury 2Vis Treasury 2Vis 100.16 Sep 101.12 Jun 100.7 Oct 100.27 May 102.23 102.23 Sep Sep 101.11 Feb 3 102.51 Jan Jan 101.19 14 104.9 Sep 101.7 102.51 Jan 102.26 May 100.7 Oct 101.12 Feb 101.7 104.9 9 Feb 14 Feb 103.2 3 Aug 2 101.28 Jun 100.18 Jan 30 100.28 Jun Jun 103 14 Aug ."1962-1967 1963-1968 8 100.11 103.4 *100.8 EXCHANGE 100.9 *100.8' 100.9 ♦101.14 STOCK 101.16 •101.13 101.15 •102.31 103.1 *102.30 106.9 *106.7 106.9 *105.11 105.13 STOCK 103 •106.7 CLOSED *105.11 EXCHANGE CLOSED IOj.13 •104.20 104.22 ♦104.24 104.26 ELECTION ♦104.23 104.25 *104.23 104.25 ARMISTICE _Jun 1964-1969 •104.9 104.11 *104.12 104.14 DAY *104.11 104.13 *104.11 104.13 DAY -Dec 1964-1969 •104.5 104.7 ♦104.8 104.10 ♦104.7 104.9 •104.7 104.9 1965-1970 ♦104.1 104.3 *104.5 104.7 •104.4 104.6 *104.4 104.6 1966-1971 Treasury 2Via Treasury 2Vis Treasury 2Vis Treasury 2 Vis 102.26 May 100.23 104.1 ♦104.3 104.5 •104.2 104.4 ♦104.2 •103.9 103.11 *103.14 103.16 ♦103.14 103.16 ♦103.14 103.16 __Sep 1967-1972 •105.27 105.29 *105.31 106.1 ♦105.28 105.30 *105.28 105.30 -Dec 1967-1972 . •103.31 ._Jun 1967-1972 . 104.4 102.13 July 102.30 Feb 9 100 Mar 100.4 May 100.13 Jan 20 100 Mar 100.2 Feb 100.17 Feb 9 100.9 100.31 Sep 101.13 Mar 101.7 Dec 101.26 May 100.31 Sep 100-30 Sep Oct 100.16 102.30 Sep Jun 14 100.21 Feb Sep 28 20 101.3 9 101.8 Jan 26 101.18 Fab 101.8 101.18 Feb 9 103.16 *103.14 103.16 *103.14 103.16 ♦102.30 103 •102.30 103 •102.30 103 ♦102.30 103 1952-1955 •102.17 102.19 *102.17 102.19 •102.17 102.19 * 2 Vis 1954-1956 •105.26 105.30 *105.26 ,105.30 •105.26 105.30 ♦105.27 2 Vis 1956-1959 •104.28 104.30 *104.29 104.31 •104.27 104.29 *104.27 104.29 - 102.16- 102.13 105.31 - -Jun 1959-1962 •103.3 103.5 *103.3 103.5 •103.2 103.4 *103.3 103.6 . —Dec 1959-1962 •102.31 103.1 *103.2 103.4 •103.1' 103.3 *103.1 103.3 tTreasury 2s Treasury 2s -Dec 1949-1951 ♦100.7 100.8 •100.7 100.8 ♦100.7 100.8 *100.7 100.8 -Mar 1950-1952 ♦100.12 100.13 *100.12 100.13 •100.11 100.12 *100.11 100.12 Sep 1950-1952 •100.26 100.27 *100.26 100.27 •100.25 100.26 •100.25 100.26 1951-1953 •101.15 101.16 *101.15 101.16 •101.15 101.16 *101.15 1951-1955 •101.21 101.23 *101.21 101.23 •101.21 101.23 ♦101.21 101.23 Jun 1952-1954 •101.29 101.31 *101.29 101.31 •101.29 .101.31 •101.29 101.31 Dec 1952-1954 Treasury 2s Treasury 2s Treasury 2s Treasury 2s Treasury 2s 8 101.16 102.8 *102.6 102.3 •102.6- 102.8 *102.6 102.8 ♦103.26 103.30 *li)3.26 103.30 •103.26 103.30 *103.27 103.31 1950 •100.14 100.15 ♦100.14 100.15 •100.14 100.15 *100.14 100.15 1957 *100.30 101 100.28 100.28 •100.30 1972 2s •102.6 1953-1955 Treasury Treasury Apr . Treasury 2 Vis Treasury 2 Vis 26 Jan *103.14 1951-1953 Treasury Aug 10 __ 101.18 July 101.19 July 100.7 105.4 103.11 2 Vis 2Vis Treasury Sep •103.9 Treasury Treasury 101.14 Bonds ($) 109.14 2%s 108.13 Jan 26 26 the Week High 104.4 27/aS tTreasury 2 Vis 105.28 Mar Sep Treasury Treasury lut>.l 107.4 Sales for Nov. 11 Low High ►102.16 102.18 102.15 102.15 102.14 1 Vis International Bank for Reconstruction & Development 94.10 Jan 98.30 May 98.24 Jan 10 64.14 Jan 99.30 May 99.11 Jan 5 •Bid 2s due and Dec. asked 15, price. No sales 101.2 transacted 1949-51, called Dec. 15 July 14 102.16 Sep at this 100. a day. Odd lot 1 10-year 2 Vis 2 25-year 3s tTbe following Treasury bonds are being called for redemption: transaction, Registered bond transaction. r RANGE FOR WEEK New York Stock Interest Last Period Exchange Sale Price or Thursday's 3Vis due 1949-52, called Deo. 15 at 100; 2Vis ENDED NOVEMBER No. High Interest Low Period Sale Price High 108% 108 28 108ft 104 3%s Series No. 108ft or J-D ". Range Thursua^ s 64V2 *63% •63 J-D 3%s Series No. 24 58% 64 64 64 64 J-D *63 J-D REctor 2-2300 120 New York Stock 63% 3%s Series No. 26 Broadway, New York NY J-D *63 J-D *63 J-D •63 J-D ♦64 J-D *63 M-8 *99% (City) 2%s lAOtd sink fund AGtd sink fund 6s F-A fAAntioquia 1948 A-O 1968 M-S *94% A 1945 J-J series B 1945 J.J series C 1945 J-J » f 7s series D 1945 J.J ♦ • I a External s f s coll f 7s lAExternal AExternal s sec AExternal sec iv Antwerp 7s f 7s s A External (City) ;y.. 7s 1st series <__1957 2d external 5s 47 46% ARy external 46% 37 46% 42% J-J 100% 10-year 3y»s F-A 1957 1967 J-D i960 J-D 1962 F-A s f of) _1955 6s 7s —1955 102 90% 90 % 91 84% 85%' 84% 85 84% 84% V J-J i (U S of) external 8s *107 J-D 33 Stamped pursuant to Plan A (Int reduced to 3.5%) )■ AExternal s 1' AExternal »f 6Vis-of 1927— ' Stamped pursuant to Plan A (Int reduced to 3.375% ) i: i: A 7s N J-D -- *72 ♦27% A-O ♦35 —I960 A-O Feb 1961 F-A 27% 27 :i '27% •35 J-J 28% 28% Sep 1961 Ms 35 % 35% Sep 1961 U-5 29 ^ 29 25 29% 1957 J-D 35% 35% 35% 34% 37% 1957 J-D ♦27% 20 29 1901 J-D *35 W—. 34% 37 1901 J-D *27% 29 26 1961 A-0 ♦35 —w1 1961 A-0 1962 M-N *35 35% 36% 1962 M-N *27% 26% 29 A960 MS *35 36% 37% 1960 MS 26 29 1951 J-D 89% 97% 95% 92% 84 93% 9 82% 93% 110% f $ A6%s assented 6%s fund AGuaranteed sink fund 6s A 6s A-0 A-0 Bank 6'/2s A6%s assented assented AGuaranteed sink fund 6s 121 60% — 1962 1962 bonds 2-3s Mortgage A Sinking 102%. 113% 14 s A Chile 75% A Chilean A Chinese A 7s 56 1979 J-D 53 54 17 46 A-0 60% Cons Munlc 7s assented , M. ' ' 34% 36% 1 9 ' • • * ' ' 5 37% 26 « 29 75 1979 » 75% A-O J-D 53% 53% 5 43 1978 — ♦72 61 J-D 55 72 2 46% 59 21 42% 53% F ' 15 55 A-O 52% 52% 69 69 •66 5s 55% — — (Hukuang Ry) *1- ' 1978 3%s Series No. 8 FOREIGN 12 J-D 3%s Series No. 13 J-D 3%s Series No. 14—_ J-D 58% 69 1 70 73 66% 71 * J-D 3%s Series No. 5 12 71 __ J-D 3%s Series No. 11. 69 ' M * ' ; SECURITIES * t ; , " r FIRM TRADING MARKETS 69 57% 67% 66% - J-D 3%s Series No." 10 69 59 1' - 71 57% 66% 6G 66 J-D 3%s Series No. 9L_ * 62% — 5 — 66% « 4% For Financial Institution* ( 67 .. 71 62% v V .o.rINC. & HAUL marks • : : FOREIGN SECURITIES SPECIALISTS 73 ■ ' *69 T— — __ __ ■1' —rr- *69 •63 50 Broad 73 73 58% > 58% 60% w'-4 ' . 74% 65 *63 65 58 65 59 65 65 55% 66 .Teletype NY 1-971 65 *63 •63% St., New York 4, N. Y. Telephone HAnover £-0050 . ' -i. flirt 29 ,i,i-i , 29 34' 7 27% ,27% 27% 29 1 • ' 36% 25% , .... 27% 27.% 35% 3 Y 27% 55% 1957 assented— •35 27% 75 i 25% '' 15 62 J-D page ; •/; 27 45% ; see 37 26% 1 • footnotes 34% 26% 5 J-D For 1 . J-D 72 J-D ' /v 1993 55% 3%s Series No. 7 j 29% Extl 72 i } 37% 26 r» 103% 54 % 53 29 34% A 1 30 *27% 26% 8 1 '• ' 106 72 i3%s Series No. 5— > 27% • 26 55% J-D 3 Vis Series No...4 ; ,v 37% 29% 37% 10 '• 10 A-O J-D / 3%s Series No. 2_ 3%s Series No."3 -r 27%,, % 27% (Plan B)— 3%s Series No. 1 , i 25% 34 34 y* 27% A-O ~r 28% M-N 84% . 108% J-D (Int reduced to 3.375%) External $ bonds* of 1944 >.» u rV ' Mi 37 25% ' J-J _ , i. 30 F-A 6s 59 35 —Jan 1961 f 6s 54 y. ■ ♦35 Feb 1961 ' ■ 1963 funding bonds of 1931 due—1951 Stamped pursuant to Plan A ii M-N ► . 27% 35% 1978 1952 Ry)_ Stamped pursuant to Plan A (Int reduced to 3.5%) 101 «/4 •35 35% $% (Central *58 M-N M-N 9 76 100% 1963 1957 f 6Vis of 1926 Stamped pursuant to Plan A (Int reduced to 3.375% )• :: 1941 107% 106 . AExternal sinking fund 6s A6s assented ! 89 2 22 110% 113 1041/4 104% 46 A6s lABrasil 102% 1 ' , 97% 112 91 __ J-D 10iy2 102 AExternal sinking fund 6s; A 6s assented 37% 1 91% 107% 107% 101 1011% J—Jan 1961 s AExtl sinking fund A 6s assented 46% J-J 1960 6s 98 100 28 101 1942 A6s assented 46 % 8 101 102% 102 %' J-J 101% 8 101 102% . 63% 97% 99% 100 J-D \ 65 60% 99% A-0 MS £ 64% 58 • 95 1 100% 100% 1950 37% —w 42% 1955 External ~ 37% 102 15-year 3%s Belgium (Kingdom : — 43 20-year 3Vis j! 12 ' 100 65 65 59 - 1942 f 7s — 37% 10-year 3 Vis 20-year 3Vis m 37% assented 37% 42% 45 102 5s 62 94% 66 60% , 1954 s . AExtl sinking fund A8s assented J-D (Commonwealth) assented A6s 62 57 56% ' - • 1974 50 41% A-0 7s 72 81 A-O f 3y4s 43% 41% __ A-0 series.—1957 f 7s 3rd series—1957 s s WI' 94% 1958 Australia I 70 ♦70 4s (Dept) IA External ►. *70 70 ' '..' ■ 1960 AExternal sinking fund 6s ' —— F-A ''J- .1950 4s (City) 8s (Rep) External IA 7s " 1947 Akershus (King of Norway) 1958 ' 1961 of) (25-year) lAChila • .♦ 1957 ACarlsbad (Colombia)— 6s f 5s (Dominion 2"-?ear Agricultural Mtge Bank s Sinking fund gold 5s Sinking fund gold 6s Canada Foreign Govt. & Municipal 65 60 65 Brisbane 1-1693 65% 15 64% 3%s Series No. 29 Teletype 67% 8 3%s Series No. 27 Exchange 55% *. 63% 65 65 1 3%s Series No. 30 Members 65 59% 60% * * . J-D 3%s Series No. 25—,— Wertheim & Cor 65% ' " '* 3%s Series No. 28 Telephone 65 65% 56 ♦63% J-D 65 58 , ♦63 J-D High 60 65 J-D 3%s Series No. 23 Miy-i 59% 6 65 3%s Series No. 22 U/ 100; Jan. 1 Low 30 €6 J-D - ♦63 3%s Series No. 20 \;f(t at Range Since No: 64% " J-D >' 3%s Series No. 19 1 15 Sold 63% 63% 3%s Series No. 21 1 It'.; Dec. "Bonds ■"# High 64 J-D 17 3%s Series No. 18 Foreign Securities called Bid & Asked Low 'ti';,; '.V.'t 3%s Series No. 16 J-D 1949-53, Week's Last New York Stock Exchange Jan. 1 3%S Series No. 15. .1880 due J L BONDS Range Since Sold City Corporate Stock 1,000 6,000 ■ . Transit Unification Issue— 3% 101.2 102.20 Thursday Bonds Bid & Asked Low New York ♦100.30 •102.16 Week's Range Thursday BONDS 101.2 102.14 3% 7% 25 COMMERCIAL YORK NEW & FINANCIAL BOND CHRONICLE RECORD RANGE FOR WEEK ENDED NOVEMBER Last Period Exchange Sale Price or Thursday's Bid A Asked Low Colombia (Republic of)— High Thursday Bonds of 1928— Jan. I Low No. of 1927— Ban Paulo (State) (continued)— A 7s extl water loan Jan (Int reduced to Bern Croats External gold gold External to secured A7s 7s (Republic of) 4y2s extl-. Czechoslovakia (State)— Stamped assented (int reduced extended series ASilesia 4s extl B (Prov lAUruguay 3— A 6s—— 5'/2s 4%s (Republic of) 3s f $ extl s -Jan 1, AEstonia French Greek f (Republic of) Republic extl Government— A 7s part part 3 extl fund fund 6s bond 3 8s 6s sink 3 of ($ 130 % 1937) — readjustment conversion conv 4.4>/4.41/28 extl readjustment 3 %s extl readjustment AWarsaw 7s A4 V2s paid (City) external 7s assented — —3 RAILROAD 3 AAdriatlc Electric Co 7s Helsingfors (City) ext 6V2B Irish Free State extl s f 5s Italian (Republic) extl s f l-3s Alabama 3 Great Alabama 1952 Southern Power 1st mtge 196? M-N 3'/2s 1972 Albany & Susquehanna RR 4y2S__1975 Alleghany & Western 1st gtd 4s__1998 5 A 78 series B Italian Public Utility— Allis-Chalmers Mfg Credit Institute 1% AExternal 7s American Amer to 3% Airlines & Foreign American Altaly (Kingdom of) 7s AJugoslavla (State Mtge Bk) AMedellin (Colombia) 6%8 2%s 2s debs deb m-s m-s 1922 A4%s small ANew assented . A 1968 1899 due 1945 1922 New ass'td (1942 agree) —1953 ASmall new of 1922 ' 8 53 " 92 97 100% 88 V* 106y2 107 V* 99 % 100% 94 y2 100% 101 % 99% 97 'A 107 ',4 92 100 102 101% 101% 94 199V4 103% 109% 103 106% 106% 106% 103 V* 107% 114% 114 y8114% 106% 114% 104'/4 103% 104 V* 103 104 104 104 102% 105 *78 102 78 81% 84 69 92 1966 *71% '/2 110% va 1995 4'/2s A *103'/4 102 102% — 102: 104 >/2 101'/z 105% 97 93'/2 103% *101% 101 _196<; 99% 102's/2 9 61/2 -196I to agreement) A4s IA 4s (assented 99% July 1995 Atlantic Refining 25/aS debs 1904 107% Santa Fe— & 100 9G'/2 1969 1st gold 4s General unified ALarge of 99% Stamped 4s -—July 1 1995 Atlanta & Charlotte Air Line Ry— 1st mortgage 3%s 1965 Atlantic Coast 1st cons 4s July 1955 agree—1945 ASmall 1922 1959 —1962 debentures Atchison Topeka ALarge A 4s 1973 General 4s 8 A 5s Assented to A5s 1957 debentures conv Ann Arbor Large 99% 10 92 y2 1987 debentures 100 % iooy2 87 97 1902 A P W Products Co 5s— ASmall >. debentures 3s (Republic of) — 5A5s of conv 1961 Amer Tobacco Co deb 3s agree)—1968 ASmall Mexico debentures 3yes 1943 (1942 debentures- 2%s 1950 1986 27/as agree—1943 " 1975 debentures — 92 y2 100 V* deductions debentures 75 86 % __ 99% conv 6 — . 86 v2 1980 3%s Irrigation— |A4y2s assented to 100 y2 Telephone & Telegraph Co— 2%s Mexican *69% __ J-D 2%s — 106 y4 106'/* *102'/4 103 __ A-O 1966 2%s Metropolitan Water Sewerage & Drainage Board 5y2s J-J 2030 5s COMPANIES *53 *102% 104% debentures 2%s 7s INDUSTRIAL __ A-O :1956 debs 3s Pow AND A-O 3'As Italian Credit Consortium for Public Works 1% to 3 % - High ;—3 sink 3%-4y8-4fts extl 7s paid A6s Low 5 7s (Republic) External Jan 1, Jan 1, s extl External — $— 3Vis extl Jan. 1 No. 1 extl sec of) 3%-4-4y8s f $ s Range Since Sold (Kingdom) A4V28 assentedSydney County Council 3 Vis External El .Salvador Bonds High 1 external-. AExternal extl Thursday's Bid & Asked 5 2%) Slovenes A8s Cuba 20-year or Stamped pursuant to Plan A 25-year gold 4'/2s ACosta Rica (Rep of) 6%) Sale Price 1 Stamped pursuant to Plan A (Int reduced to 2.25%) A6s extl dollar loan jASinking fund 7s of 1927 Copenhagen (City) 5s— to Last Period Low 3s external s f $ bonds IA Colombia Mtge Bank 6l/2s § A Sinking fund 7s of 1926 I ADenmark Week's Range Interest New York Stock Exchange High Oct A 6s BONDS Range Since Sold - A 6s 11 Week's Range Thursday Interest BOND'S New York Stock Monday, November- 14, 1949 1954 ass'td (1942 agree)_1968 1910 (assented to agreement) 1945 Baltimore & Ohio RR— ASmall - r A4s New ass'td (1942 agree)—1963 ASmall . ^ 1st mtge 4s ser A 1st mtge 5% ser July 1975 B (4% fixed int) July 1975 — lATreasury to 1922 6s of 1913 agreement) ASmall and (ass'td .' Ref 1933 1% & contingent New ass'td ASmall A Milan (City of) Mlnas Geraes A Series (1942 agree)—1963 6M2S s f 6V2s 4s sink fund 31/28 s f Oslo 3% '. 4V2s Series A4y2s sec reduced APeru (Rep of) ANat loan extl ANat loan extl 4s 1994 102 >/2 102% 86 Va *104% 1947 39J/2 A 89 96% L- 82 102% : 39y2 35 2008 25% 1959 ser s f 7s_. „ M 4s ser D 1985 1951 1951 _ Creek Extension 1st 3'/2s—1951 100 1947 16 5% 15 9% 19 6y8 14 ser 1979 • 1st mtge 5s series AC_— 1st mtge 5s 100% _ . t 105 Vs iooy2100% *100 100 y2 *103% — f series II 1967 821/4 1955 mtge 4%s series JJ 1st mtge 4s series RR— Alnc mtge 4y2s ser A 101 87 101% 1961 1960 .July 1970 ABreda (Ernesto) Co 7s_ ——1954 Bristol-Myers Co 3s Debs—1 _1968 Bklyn Union El lst-gold 5s —1950 Bklyn Union Gas 4s -debentures—^1969 35% 351/2 1031/2 104 Va 100% 102 97% 103 7/a 1976 901/4 101 Buffalo Niagara El 1st mtge 2%s__ 1975 Buffalo Rochester & Pgh Ry— 98% 102% Gen mtge 2%s_: Stamped Bush —. modified Terminal 1st Consolidated 4V23 1957 4s 50% 1952 5s Bush Terminal Bldgs 5s gtd 61 % 100%- 102% 1955 91 y8 , Stamped pursuant to Plan (Int reduced to 2%) 99 y4 102% • 1st 10% 15 * 1970 —1976 23 141/4 mtge 2%s I 22yB 6Vs —1968 Cons 22% 8 121 »/2 94% 1964 Cons mtge 2%s ser J Cons mtge 3s ser K Boston & Maine RR— 33 171/4 gold 8s__—1950 A4%s assented U—. —1963 Porto Alegre (City of)— 8s 1961 stmp pursuant to Plan A (Int reduced to 2.375%) 2001 7%s 1966 stmp pursuant to Plan A 1 (Int reduced to' 2.25%) 2000 iARIo de Janeiro (City of) 8s—-1946 Stamped pursuant to Plan A (Int reduced to 2.375%) 2001 AExternal sec 6y2s 1953 40 f debentures s 100 119% Bethlehem Steel Corp— 94 103% 17 y2 1958 — 110 171/4 1960 f 6s 2d ser_—1961 |APolan4 (Rep of) gold 6s 1940 A 4 V2 s assented s f AStabillzation lqan A4%s assented AExternal sink fund ref stamped Beech 1967 to f 6s 1st & 4s ref 3 Vis 1963 2.125%) external 7s s 1st lien Con Bell Telephone of Pa 5s series C—1960 Beneficial Indus Loan 2'/2s debs—1961 ref 3y2s series B_ (Int -1980 Toledo Cincinnati division —1955 Panama (Republic)— A Stamped assented 5s— Stamp mod 3l/4s ext to Ext Feb 1 2010 .' A 1970 (City) sink fund 4y2s__ lAPernambuco (State of) 7s Stamped pursuant to Plan series Bangor & Aroostook RR— 1963 f 5s 4s 5% ser A (3»/2% fxd & 11/2 % cont int)-1980 .—1957 s income 6'western div lbt mtge 1957 ; due Dec 1 1995 J conv Ref 1965 externalextl due Mar 1 1996 Pgh Lake Erie & West Va— —1956 4y4s ext.i loan Municipal Bank due Mar 1 2000 M 1958 to Plan A reduced to 2.125%)„_2008 ASec external s f 6l/as —1959 Stamped pursuant to Plan A (Int reduced to 2.125%)— _2008 External sink fund K Series (Int Netherlands (Kingdom) Norway (Kingdom of) fixed due Dec 1 1995 Ref & gen mtge 6% (2%% fixed and 3%% contingent interest)— Stamped pursuant < G Series 1952 (State)— Sec external (2% contingent Interest)— - Ags 5% mtge gen .'and 3% - — 1960 105 99 106 Ve A 2013 Rio Grande do Sul (State of)— |A8s extl loan of 1921 —„1946 C I T Financial 2%s Stamped pursuant to Plan A (Int reduced to 2.5%) A6s external sink fund gold Stamped pursuant to 1999 1968 Plan A <Int reduced to 2%) A7s external loan of 1926 t > Stamped pursuant (Int reduced to to Plan 2012 —1966 A 2.25%) 2004 7» 1967 stmp pursuant to Plan A (Int reduced to 2.25%) 2004 A Rome (City of) 6V2S _1952 A Sao Paulo (City) 8s Stamped pursuant to Plan A (Int reduced to 2.375%) A6%s extl secured s Stamped pursuant (Int reduced to _1952 f— 2001 1957 to Plan A 2%) 2012 San Paulo (State of)— 8s 1936 stmp pursuant to Plan A (Int reduced A8s external to 2.5%— 1950 2.5%) Canadian National Guaranteed 4V2s gold- 5s L__. gold 4%s L Guaranteed gold 41/2SGuaranteed gold 41/2S—•— Canadian Pacific Ry— gold Guaranteed Guaranteed v 4% conv deb stock (perpetual) Carolina Cllnchfield & Ohio 4s— Carthage & 1999 Adirondack see page 29- — 101 101 114% 114% *105% 2 113% 113 1 115% 1051J — 113 108% 111'/a 113 V'2 112% 112% 5 111% 113% 105 1 105% 7 105 106% 99% 4 93% 101 >A 108% 103% 1 106% 108% 97% Ry— 1st mtge gtd 4s—L— Celanese Corp 3s debs =. Celotex Corp 3Vis debs_———— (1947 issue) —_ lACent Branch U P 1st gold 4s— of Georgia Ry— ; 1st mtge 4s ser A 54 % 54% 103% 104 noiy2 *101 4y2s ser A AGen. mtge 4y2sser B Light 3%s Jan Jan 104% 99»/4 101% ' 101 75 58 Va *61W 62 y2 38 v4 54 Va 102 % „ *79 58 2 12 — Central Central Illinois For footnotes 103% 103% *103y4 Ry— AGen mtge Stamped pursuant to Plan A (Int reduced to *100% 101% 1st 3sl__—. Calif Oregon Power 3y»s Canada Southern cons gtd 5s A_. 3y»s debs 1999 Corp— debentures California Elec Power 39 y8 *107 y2 108% 62 101 y2 80 Volume 170 Number 4855. THE COMMERCIAL. & FINANCIAL CHRONICLE (1935) NEW YORK BOND RECORD RANGE FOR WEEK ENDED mrsday BONDS New York Stock Interest ;-v.' Last Period Exchange NOVEMBER 11 Week's or ile Price Range Thursday's Loio Thursday Bonds Bid & Asked Range Since Sold High No. Low Week's Interest Last Period BONDS Jan. 1 Sale Price New York Stock Exchange or High Low Central RR Co of N J— Gen mortgage 3 (As Central New Central York Pacific 1987 Power 1974 3s A-O 38% 38% ' ; .___1974 A__ ser 1st mtge 3%s ser B Champion Paper & Fibre deb 3s Chesapeake & Ohio Ry— F-A 1968 gold 4%s / 39% *102% F-A 1965 Detroit Term 206 *105% 106 — Ry Co— 1st & ref 3%s General J-J J-J .. *100 % "38%" . 106 % 99% 102% 105 Va - ; __ —. 103 ... 102 126 127 ? 3 f 100 34 ; 122% 1992 M-S 127 M-N 100%/' 99% 100% 98 97 F-A 100% 99% 100% 9 97 1973 J-D 105%; 105% 105% 14 R 1989 J.J ___1989 J- J 2d 1st consol cons gold gold 4s 4s i. '■ ' / *113% ?■ ■— 118 109% 1958 series B J-J F- A & ref mtge 3 %s 1985 F-A 101 1st & ref mtge 2%s 1970 F-A 111% 111% 109%. 1st Chicago 1st Eastern & A Gen inc mtge mtge 33/4S 1977 111%. 111 % .1997 J.J .1985 Jf-N .1982 B Jf-N A A ser 1988 Jan 1983 1st Pac 4%s inc conv B___ ser "* 81 82% 75 4%s conv 70 3 56% Chicago St L & New Orleans 5s 51% 52 12 45% 33 51 81% 94% 1st & / 100 V 98% 49%. 150% 82 46% 46% "47% 199 104% 2%-4%s ref 4 Vis series *102% |03% Cleve Cin Chic J'J 74 73' Ref & Cin St series Wab & Mich Div & Div 1st 1st coll 3 %s 3s 103% 102 >/4 102% 102% •96 97 J-D 70 3/4 70 » J-J J-J M-N J-J 1982 & 3-D - 10 ' 92 : * 71 ; 79 •' ' 30 qq 57 %. 57 - & 96 , 65% 57% 82% 83 107% 107 54% 50 4 : ; Continental 2 52% » 53% 102% 104% 1 101% 103% 24 103 Va 103 Va 45 Va ^ r--" *103 45% 105 ser 101% & Ohio 4s series mtge 3» 88% 1 11 107% 107% 5 119% 1990 J-J 96% J-J J-J 2010 J-J J-J *96% Feb 82 65 V* 59 104% 91 99% 103% 107% 110% *65 R_. ref 88% 102 Va 102% 1961 Q ser Mobile M-S 1982 2%s ... inc 5s 107% *123% 127 . 96 % *92% 79 ...^1975 92% — July 2015 J-J 7 "2 debentures ^1978 58% 1978 3 98 70% 10% 100% 103 V* 102 97 69 74' r 60 , 95% ' 58% J-J .58% 101% 25 48% 61 10 95% 100 *99Va Jf-N 100 100 3-3 100 A-O 1969 w ... 69 ♦100 Apr 80% 62% 9 *100% 101 A-O 95% 92% 75 ' ,94% 97% 119% '.98 92% 86% 1 102% 103 J-J A ser 116. '93 2 79 *7% A-O B__. , 96% ■ Feb 1959 5 96% 124 Va 120 ■ 119% 119% RR— 1st mtge 2%s_.1970 Hocking Valley Ry 1st 4,/2s_ — — 103 103% 101 ' '104% 104% J-J 126% J-J 99 % 101% 101% Hudson & Manhattan f 5s series A s 108 ' 1C8 108% A-O 104% 104 % 104% 105 1962 J-D 1957 F-A A-O 10 99% 91% 91% 92% 66 >28% 99% 66% 28% 66 ____Feb 1957 1st 5s A 96% 126% 127% 30 37 102 3 99% 121% 127% 95 100% 44 79 96. 34 55 69% 19% 33% 10 108% 102 *99% 100. __ —i.1999 Hudson Coal 1st Jf-fl Corp 2%s_-^.._1970 Finance 95% 97 105% 106 A-O 1971 M-S 106 % 52% 98% 53 105% 39% 34 53% ♦99% 100% 98 100, Illinois Bell Telep 2%s series A...1981 1st mtge 3s series B__. .1978 Illinois Central RR— ■105 101% 105% A-O ♦106.- 106% 103% 106% Af-S *103% 100% 103% *104 103% 103% - _1970 1981 F-A —1977 F-A 1978 J-D 1999 A-O M-S 108% — 104% -108% 108% 106 f'jy. 1 *105' 106% V: 'J 106% 107 gold 1st gold 3s Collateral 104 107% *105% 106% 104 106% J-J F-A *104% 104% *102. " ♦104% 105% 101% 1951 1961 1965 . 105% lines trust Refunding 5s Debenture 4%s * 100 A-O 1st mtge 3s < 105% .1951 *103 104% 103% 102% Joint 106% 105% -milm 'I'/- 298 ■ ' 113% 103% 1st 5%8 •" J-J '/• 104% 104% 100 % 18 M-N 1942 1952 §ADeposit receipts §A7%s series A deposit rets 8 A6s series B deposit receipts ' / J-J 1946 *81% 83V2 > 27% 28 J-D 28* 33 • J-D 1946 '32% 33 •33 93% ":35 95% 52.'_ 36 79 81% ref - 103 loo 77 107% 90 % 103% J-J 1951 ^..i.1951 100 16 100% 99 % ' 100Va 100Va 5 *100% 101% 1-1- J-J St L 5s series 4%s *90 1. F-A 100% 100 *101% .. 100% 102 101% 101% 101% 101% 103 O— A_. 1963 91 92% ..1963 J-D 95 94% 95 52 86 1963 J-D 88% 88% 88% 21 78 93% 8 J-D D_A._____ 1970 100% J-J 100% 100% J-J 1950 ser 103 100% 100 • C__ series mtge 4s N & 100% LJ : *; • 5 100 F-A Chic ref ref 3-3 1951 4s ser, A Indiana 111 & Iowa 1st gold 4s__ Indianapolis Union Ry Co—» > 103% 43 & 1st 104% 27 46% '32 '■ J-J u! — 96 *44% ,y 1 J-D 1st 5s gold-. '*94 'i J-D SADoposit receipts 99 1st 1st ; *102% 103 .•/. .1951 3%s Registered 111 Cent and ' mtge 3Vis Ry 102% 102% 101% ... 113% 113% >.■'"?r ' M-S !l966 Steel 1st 98% 7 ' __ 99% 7 105% *105% 113% 94% gold Western Lines 1st gold 4s ' ' 1965 Northern 101% 102% A-O 27/BS™1975 debs §ACuba 99%- .'/•'. : 102% 102% 1st 103 12 ' ♦100% 104% 3s___ 100 102 J-J gold 101% 11 90% F-A 1st 105% 100 *102 88% 3-3 Div 1977 J-D J-D 90% Omaha B J-J 107% 107 3s. 1951 Louisville Div & Term gold 3%s_1953 ser 1968 107 M-N F-A 104% Springfield Div —1963 102% 106% St Louis Div & Term gold 3s Gold 3%s 2%$ 102 101 1 104% 101% Gas U-N 103 100 16 104% ' .1950 104% 105 100% 100% 101% 70 ♦35 .1966 96 M-N J-J _._1955 .; 101 J-D 104 gold 48___...___1953 *101 % 102 1972 M-N 1952 *101% 103 —..1972 A-O 3 Vis Jf-fl C Jf-S 1952 103 101 103% 5 106% 101 1955 A-O ser *101 1951 : 1982 D J-J J-J Cairo Bridge gold 4s__. Litchfield Div 1st gold York— :./■ 99%/% 102% 97 102% A-O sterling A 99% ♦105% 106% .1951 ser New 102 J-D .1951 4s_, Purchased 108 % .1951 ■ 3V2s_. trust gold 4s Refunding . Collateral 12 I 4s_^__. 1st gold 3%s Extended 1st' gold 105% F-A J-J , 1st 3%s Crucible A Cuba RR ( J-J F ser ioi% *95 Af-N 3s ser E_.——.—1979 Baking 102 H 104% 107% •■j.'.- A-O * extl 4s of Natural Consumers Power . J. 53 J-J : ser Hackensack Water ?;■ debentures conv — 87% <104% 107% *106%;'__ A-O 1964 El 1st 1st & ref 3s series 3s ' ''' ^.2000 N AAdj Income 5s 1973 ref Consolidated 103% 103% ' 62% 77 5 37; Aug 1974 mtge 2%s 1st & ref mtge 2s/«s 1st & ref mtge 2%s ;:C 99 102 68% Mar 1974 Ohio 1st & ref mtge Jf-N J-D J-J Gulf States Util 1st M 2%st 1st mortgage 3s ' , , 86% Corp— _ Edison 99 1 54 57% 107 A-O ■: Conn Ry & L 1st & ref 4%s Conn River Pwr s f 3%s A Consolidated Cigar Corp 3%s 1st 89% 87% 105% 1976 2%s Gen -83% i'z 57%: ■ yCr-M 1980 1st mtge 3s series L 1st mtge 3s series N 3s s f debentures Consolidated 99% 79% ■ _1952 D 1st & ref 3%s seris D 1969 Gen mtge inc 4s ser B__'..__Jan 2044 Collateral trust 3%s_ ....1968 Commonwealth Edison Co— > 72 95% 80 '100 1973 series mtge Household 1973 _ Toledo 5%s 4%s " > debentures Sou Co— series B mtge 1st & System, Inc— Columbus & 57 5 Ry ser Gulf 106% 111 99 10?% 38 J-D v 102% 102 V* — "83% 1977 Gas Columbus 100 & debentures 18 82% Ry— Iron debentures 3s 12 103%' J-D 1970 Electric Corp— debentures 3'/as 97 83% M-S AGreen Bay & West deb ctfs A A Debentures ctfs B__! _.j Greyhound Corp 3s debs____ 106% J-D ..1972 Gas Columbia 103 % 1959 deposit Gen 102% 106% 101 /: 103% 101% F-A 1990 1st mtge & coll tr 4s__, Columbia of Gen 80 72% 65 *110% 1991 4s trust 4s C Southern & •• 5 ♦102% 1977 (stamped modified) Fuel 63% 97 ■ 1st mtge 4%s series 4'/2s 21 . 1993 1st mtge 5 V2s series A-. 1st mtge 5s series B_j Colorado M-S 1961 ; mtge 3%s Gen mtge 3%s Gen mtge 2%s 104% F-A 8eries D 3%s gtd J 1950 Cleve Short Line 1st- gtd 4%a .1961 Cleveland Union Terminals Co— Colorado Northern General - Cleveland Electric Ilium 3s 1st mortgage 3s Cleveland & Pittsburgh RR— .• 70% 6 69% 1961 B Jf-fl 1971 General 5s series C % 102% 3-3 r '.j *82% Jf-N 102" 103 M-S A-O i960 104% J-J 1953 H ■ 62% I U-N Certificates General 100 12 1974 impt 4%s series E Louis „ 97 J-J .1956 104 102% 103% 105% 105% 1978 Louis Ry— St 5s • 62%. A-O 2000 3%s__ mtge J-J Z M-S ; 68 Va 1969 gold 4s 1st 106 % 1974 " 1993 & General General Div 101 Ye *103 1990 C? ser ser *103 .. __ •> 1964 Jan 2015 1st & ref 5s series A Great • debs mtge 2s Gen 1975 mtge 2%s-ser G City Ice & Fuel 2%s debs Investing Co 4s — 100 7/a 100 V *99%. 101% *105% 105% 3%s series E 3%s 105% A-O 1 112% 150% 105 A-O . 147% *105% 106 General Realty & Utilities Corp— A4s conv inc debs ,.1969 Goodrich (B F) Co 1st mtge 2%s_1965 91% 102 Va "*•• 3-D *103% 1st mtge 110% *149 Jf-fl 1965" * / *110% J-J v. ^1970, Francisco Sugar coll trust 6s 99% J-J mortgage 2%s Cincinnati Union Terminal— City A 107% J.J 1st mtge gtd 86 Va 88% 1952 1962 E U-N 54 104% 1963 D 103% 59% 16 J. J Cine Gas & Elec 1st mtge 2%s 1st 38% 46% <•■. ,211 J -J 4s conv 100 65 V 99% 99Va 1994 Wgst'n Indiana 1st & 48% 142 ■//■'v— r _1963 1st mtge 3 %s series F 1st mtge 2%s ser G 49% 102% 103 % 103%' — ; Firestone Tire & Rub 3s debs ^Florida East Coast 1st 4%s_ 103% 104% 104% 99% J-D 1994 ' . % 87 . ; :/-D 's S'eastern Ry—, 2%-4 Vis 60 /*-- Tr-/'.-"' Apr ; 96 9 49% :6C / Chicago Union Station— Chic & ■ — 99% 100 ' ref 40 60% j.j 1981 Income /V■40 *87 j. j 1951 Memphis Div 1st gold 4s Chic Terre Haute Ohio 65% 40 Apr 1951 Gold 3 % s . 77% 52 14 Apr A__Jan 2019 ser 100% 46 87 69% Apr 1994 89% 97% 48% 123% 113 ■ 69% J-J Jan 11999 mtge 4s series A mtge L** 82 % J-J 1st mtge 3s ser B 1989 Chicago Rock Island & Pacific Ry— Gen cons cons 75 66 *123% 125% „ J-J Jan 1 2044 mtge conv inc 4,/2s 1st C9 F-A . 105% 87% 6 100% 100% *47 ■ High 96% 5 88 Low 3 • Chicago & North Western Ry— 2nd 46% ■ *66 ' 1965 Co— mtge lnq 4%s ser A 1st cons mtge 3'Vis ser E 1st cons mtge 3%s ser F A A__Jan 1 2019 ser 32 % 43 J- J " 1994 41/2s inc mtge 33% RR— mtge 4s ser A Gen 33 J-J mtge 4%s inc ser A. Jan 2003 Chicago Indiana & Southern 4a 1956 & 33% ■ • Gen 101% 100 J-J A 2d Paul 98% 94% 5s_ AGen inc mtge 4%s Jan 1 2038 Chicago Ind & Louisville Ry— Chic Milw St 9 8 : stamped 1st conv mtge 4s inc 31 99% 5s Erie Railroad 1st Chicago & Erie 1st gold 5s Chicago Gt West 1st 4s series A 1st 99% . RR— 111 ser 109% 109% 101 101% 997/a .1 Elgin Joliet & Eastern Ry ?%s El Paso & Southwestern 1st 5s'. 112% 108% 10 . ..; ■ i 113% 109% , 125 100% /-J Jan. 1 No. 102% 88 J-J " East Tenn Va & Ga Div 1st 5s„-^195fl, Ed El 111 (NY) 1st cons gold 5s_...1995 107 Va Chicago Burlington & Quincy RR— General 4s 1st & ref 4%s it . 130% 104% 125 102 Range Since Sold •" 1197T : Bonds High ' 103 % Div ' "M-S Duijueshe Light* Co 2%sJ— 103 Va 1996 102 Jf-N 102% 1996 4%s J961 ■ 102 Ref & Impt M 3%s series D Ref & impt M 3'/as series S Ref & imp M 3%s series H & A & Tunnel Det Tol & Ironton RR 2%s ser B..1976 Dow Chemical 2.35s debs__a 1961 *§ADul So Shore & Atl gold 5s .1937 40% 102 Va — Range Thursday's Bid & Asked Illinois Terminal Ry 93% *100 101% 95 % 88% 91 100% 98% 101 100% > Ref & Imp 2 Vis ser C 1986 ^International Great Northern RR— •*: A 1st 6s series A i .1952 .... J-D *90 93 * "/ " 12 •' }{: 'yy " 41 >•. >••/■ 8 --.' ; ■ 25% 30% 29 35 A 1st 30 35 5s series J-J " A Adjustment 6s series 78% 79% 56 59 26% 28% 68 20% 28% 72% 73 74 13 53% 741/4 74 15 53% 34 60 % A-O 26% 1956 J-J 72% ___1956 J-J 73 A-O 61% 61% 61% U-M 97./ 97 97 69% 68% 69% A___July 1952 B A 1st gold 5s series C____ lAInternat Hydro-Elec deb 6s Int Rys Cent Amer 1st 5s ...1944 B 1972 79% 78% 2 74 71 100 97 D Dayton Pr & Lt 1st mtge 2%« 1st mortgage 3s 1st mtge Dayton 1978 A-O •102% 103 1978 J-J *105% 1978 J-D *105% 1965 J-D *101 1965 A-O 1963 Af-N —..1973 Jf-N Union Ry 3%s Deere & Co 2%s debs B ser Delaware & Hudson 4s extended Delaware Lack & West RR Co— N Y Lack 1st A & ref Income Morris Coll & Western M 5s Essex Tr ser C 1993 4-6s Delaware Power 98% 104 95 % Af-N May 12042 & Light 3s 1973 Jf-N 1 A-O 1st mtge & coll tr 3%s_ 1977 102 15 101% 90% & coll tr 27/8s 1979 Rio Grande mtge ser A 95% 59 79% 79% 7 73%. 87% 53 52 % 53 3 48 62 62 6 105% 106 11 62 106 contingent int A Income mtge ser A .1993 1% & ref Gen & ref conv Detroit <& A Second 69% 3%s series G 3s series 23/4S H series 2018 3-3 94 93 * page 29. mortgage 2%s Kansas City Southern Ry 1st Apr J-J 65% 84% M-S J-D 1978 64% 96% 1st 3S..1950 94 6 77 102% A-O 65 65% 43 67 84% 85% 16 '106% 106% 77% 4 10 A-O ♦103 3-3 *114% unguaranteed 103% ft 101% 1031/4 105% 99%. 104% 99% 102% i. 1961 3-3 *25 38 .1961 J-J ♦98 114% J-J ' 100% 98 108 108 —' *97 ' 115 35 35 100 1961 .... 1961 J-J 1997 A-O * 180 % 182% —1964 A-O •104 104% 101% 105 1% % 2 j. Kings County El L & P 6s Koppers Co 1st mtge 3s—1 JAKreuger & Toll 5s ctfa 1987 96 103 104% 100 , 103% 103 % J-D Kentucky Central gold 4s_._. Kentucky & Indiana Term 4 Vis Stamped 58 —. 104% 104% A-O .1974 104% Plain *10035 1975 ....... Kansas City Terminal Ry 2%s 94 10 100% 102% 1968 mtge 4s ser. A 106 87 79% — J-D 1st mtge 3%s series B 4%s - 1958 Jf-fl Laclede Gas Light 4%s conr debs—1903 Jf-fl 1% . 181 Ve 173 85% 105% 110 104% 107 106% 106% 106% 101% 101% 8 98% 101% 111% 111 % 111% 65 105% 111% 73% M-S 1958 4s. _1966 1st 104 *104% 105 1982 Mack 1st lien gold 4s For footnotes see —1993 1970 I debentures gold 102% 102% 20 '101% 102 V* K 106 — (3% fixed contingent int) Gen ♦79% 3-D 1st gtd gold 4S...1990 Power & Light 2%s__1976 106 mtge Detroit Edison 3s • . Salt Lake Income 52% (4%# contingent int) & A-O Kansas City 103 fixed l"/o Denver 68% West RR— (3% J-D ir-a 96% 95% , J-J 1st Jamestown Frankl & Clear 1st 4s__1959 Jersey Central Pow & Lt 27/aS.._1970 103% J-D mtge Denver & 104% 102 103% 103% division 1st " 102% 102% 105% .. div r»tge due & . Kanawha & Mich 3s series A J-D 19ys J-D *68 1995 7-D *60 72 10 65 64% 71 Lakefront Dock & 1st mtge s f RR Terminal— 3%s ser A— 11950 J-D 118 118 121% 69 107 % 126% 27 28 (1936) THE COMMERCIAL & FINANCIAL CHRONICLE Monday, November 14, 1949 NEW YORK BOND RECORD RANGE FOR Thursday BONDS Interest Last Period New York Stock Exchange Sale Price or Thursday's Lautaro A Nitrate 1W7 1997 J-D Series A 4s fixed Ir.t Series B 4 Vis fixed int E 4s 87% 79% '79 Low ." DM cont 93 y« 81 74% 88 94 93% 10 91% 97 101% 98 93 64% 64% 65% 56% 70% W 71% 72 60 72% tN 50% 50% 50 52% Y 54% 26 54 58% 1 56 60 27% 27% 99 27 29% A-O 30% 30% 30% 55 30 .. 34 34% 4 32 35 72% 72% 1 61 *122 A-O 106% •-IU2V4 J-D A-O M-a 1979 Norfolk iUJ A-O 2008 A-O 2001 ivo 74 A-O 26% 106% 108% 1 102% 105 % 4 103% Gen 50% 8 108% ms 3008 & & Prior 1st 6c ref M 2%a series Q 1st A ref M 3%a ser H Louis Dlv 2d gold 3s Atl Knox 6c Cine Dlv 4s 81 81 ' 81 5 99% 99% 18 97% 89% 89% 5 84 *109 107% — Coll • v V Macy (R H) 6c Co 2%a debs Matae Central RR 4%a 1971 A ser 1900 I-D con 4s ser B 1994 Sugar 4s sink fund__Feb 11997 J-0 wl,t "***• A Manati Manila Ml (Southern Lines) 4* May Dept Stores 2%a debs Corp 1st mtge 3s u-m w Metropolitan Edison 1st mtge 2%*_lf74 Michigan Bell Telephone Co— 3%« debentures Michigan Central— Jack Lan* 6c 1st gold 3 Mis Ref 6c lmpt Michigan 1st Sag 3Via 1979 1st mtge 4Vis lnc 40-year „ Jan 1971 Jan 1991 1983 ref 5s series (John) Constr M 105% ' 102% series fiO 101% 83 ■">: 2 79 41' *>'• 7 68% 68 69 T"'. 64 " 66% 53% * •- f 77 77 10 70 ! 64% 65% 65% 66 ; 6 59 A-O 68% 68% 19 59 80% 61 3 69% 91% 91% 93% 124 75% 56% 426 37% 93% 343 75% u-m 92% *92% 93% 199 jm-M '<>•27% 27% 28% 579 A-O 93 92% 1991 * 92 - i ^ 234 50% A-O 101 54% 26 3s debentures 58% 77% 14 74% 13 65 5 91 98% 70 ' 81% National 1 Supply 2%s Naugatuck New 3s 1st England Tel let 3s RR & -1967 J-D 4s Tel Co— -. 1961' .. << " idm I ~ 1974 1988 xreW ^ersey Power & Light New Orleans Great Nor New Orleans Ref & New & 5s yeuca Term 1st A-j gtd A 1st 5s series C "ACertificates * A as A & of —-1956 deposit series ref ___ 1954 __ _ —_1998 Lake Shore 3 Vis 3%s 1 coll N Y 1st . Mtge 4s Lack 4Vis series 6c series B West 4s B For footnotes A - see . > { "*-*' --a 95 1 88% .v 96% 94 "3 85% —4 ' 98% . -L' '"V- ' ' . ' 99 Vi ic 92 95 53% 92 50 182 52 59% as 74% 75% 25 -68% 52 . 52 *- 1 51 51, page 29 64% .... 52% 4 51'A 1998 F-A *50 J-D *99 99% A-O bIIi975 A-O :_195l *94% 91% 1073 '100 as *92% 92% 70% 92% 70% *— ! 1 92% 15 10% ,s «.» 105% 105% 104% 16% 105% 100% 5, 104% 104% : 1979 I-D 105% 1977 I-D P__ _1981 J-D N I 1980 9 1983 ' 105% 103% *./ MS ** .. 1964 J-D .1955 IS s f gold 4%s income conv series E * . Eastern WSLii 1965 I-D IS 1981 6c 58 Pekin Union Ry .1963 IS D . . 1971 2%s ..1967 MS ic ref 2%s *1974 1st ic ref 2%s series IS 100 Potomac 5s gen 4%s series 1964 1970 C *.1965 Co 5%s Elec Pwr inc debs 1st mtge F-A . MS 87 96 ... 111% 105 ; 103% i « 106% : 99% . I 103% f 103'A 99 104% 102% 101% 9 7% 7»A 9 -103 Vi 103% 103% 100% 103.,,, >98 98% 10 , 104 97. 100 n . .-!• 105 107% r 103Vi 105% , 103% 103% ; 108% 113% i 109% __ 114% } MS 111 * 97% '.100 100 A-O 101 I-D *86% F-A 87 •108% 101 2 ■; 101% 97% 103 92% 92 80% 92 107% 109 J-D 1964 3V4S.1.1966 IS *99% 101 IS *106% V_. 3s *1983 IS 2%s .1984 MS 100% 107% M-N 1956 99% 106 106% ♦105 •98 106, 99% r 103 81 1 1 i «; i 89 100% 81% 87 Vi .. 108 99% 15 __ 87/ 107 96% 75 J-D 1977 *86% 87 96% . 100 >102% 102% A-O 8 28 76 1958 A-O 98%" 98 % *74 IS mortgage 4a ; 10%» 101% 11 :' 104% - •103% F-A Terminal ; 116% 110 104% 99% 103 111 A-O .1977 Providence i 17% 103% II 119 62 10 ♦102% 108 —r I-D A-O mortgage 3 Vis 1st mortgage „ ! 102 50 *99% 100 MS 1st , 103% I-D 1st 72% 101% 106% 9 IS __1974 ; :• : 1106% *103 1958 .u series D ; ~i *109% 1st mtge 4%s series B 1958 1st mtge 4 Vis series C__;__ .^.1960 Pitts Youngstown & Ashtabula Ry— 1st gen 5s series B 1962 gen 60 . *103% 103% .103 F-A *.1975 A. ' 101% 84% i 105% 1*1963 __*_* ; 110 75 *104 A debentures 106'/* 98% 10 111% 111% 105 93% »6Va 85% ■ 36 : • r '! •107% 105% 116 :> i • __ <100% 100% F-A B_________*1975 1st 16 *1960 3%s 4Vis 63% 104% 104% 113 3 ,v. > 1953 1957 E <• ... ,114% 117%; *8% * series 99% 23 > 103% 100% /'•'}, 2 *102% 103% 5s. series series - 104% 13 ; >*■■/... 101% 103 -i •104 5s mtge 86% 77 •55% deposit I v 100J/a iS mtge 1st 85%100 •75 117% 86% F-A mtge mtge Pittston 81 . -i66% 85 V« I-D Gen 3 Vis : < 1937 4s series G ;4 64 i; 78 52 88 86 1981 of : . ;c i . . 1978 f * 100% l0L«/«. 95 100% MS s 104% {.»V . 2%s 101% 62% IS ref 1st 101 V 113% 113% ■ >>94% 95V,;'- IS ref 99% 71 i F-A 1961 & 1st 100 •. ■MS;: 1974 ' 100 r *103% *1977 ■ 1 {!. * 103 16 ic 95 70% .1980" ... 49 77;.I 103 F-A 1974 > . 100 % 76 B 105% 104% 101% 101% Ape ic Wash RR Co- series 105% 107 100% __ i.j A-O 5 Vis ser 100% 104% 104%; .103 ? IS —Apr 1990 5s 92% 90% A-O —I960 4s 102% 103 13 ** IS 1952 ^1985' gold 4%s series C._ 85% 100 A-O 1984 ; ext 4s 75% 101% A-O .1968 j. 104% 100 % 95% 101 *104% A-O 1960 B 3Vis 105% 93% « *104% 105 Va J-D U965 V mtge 4 Vis series E deb 102% 103% 2 8 .104% 104% 76% MS 1952 sinking fund 4%s_i General 4%s series A Conv 101 98% *100 ArO 1975 series 105% 105% . 103% 3 -. 10 "■> trust ctfs mtge 3s— 5s -95 j debentures..l960 •.■-'•••-• "■ 101 Vi / ' *106% 107 % i 105% 105% 101% 104% 104% A-O 1st 17 •28 100% 100% M-a 107 105%? 101% ■ 105% 102% ]02% **<>;.. 1978 111 4 < 102% 102% .1983 ic • 100% 101 *105% A-O 106 102% 102% 105% 105% *104% __ 101 I-D 1987 1 3 ... 105% 105% J-D 1985 debs. 107 105% 105% *105% I-D 1986 2%s 105% ;; I-D _„1982 ; ser Tel 107 105% Pittsburgh Steel 1st mtge 4%s Pittsburgh & West Virginia Ry— 60% 100 99% 101 debentures 90% 6 95 * 61 94% 95 91% 100% 100 Vi 2000 1973 91% 15 Coke ic Chera 1st mtge 3 %s_1964 Pittsburgh Consolidation Coal— 56% 50% • .. 75 52 - 101 / Pittsb ■ F-A 2043 73 49% 52% 1980 T . > 81% 50 52 101 Gen 66% 105 F-A F-A J-D Cons gtd 4 %s series J '•.Pgh Cine Chic .As St Louis RR—. 61% 56%',.. 62% *71 Vi 101 debentures Gen 54 96 J-D M Cons gtd 4s series H Cons gtd 4Vis series 99% •61% F-A 107 10 debentures Cons gtd 4s • 71 .'56% F-A 105% 101 •13% ,105% J-D Pgh Cine Chic & St Louis Ry— Cons gtd 4 series P 94% 56% . 99% 101 Phillips Petroleum 2%s debs_*****1964 Pittsburg Bessemer ic L Erie 2%s__1996 94% 93 93 '-7 5 Vi 102% 97; — IS 1974 series M 3s ref Tel ACertificates 93 61 % js 99% '106% 107 1971 debentures 1st & ref 2%s tS A Philippine Ry 98 89% - ' 104 88 53% 2043 series 4 ' 1986 3s series P____^ RR 2%s series gold 4s_n NY &c Harlem gold 3%s Mtge 4s series A ^ N Y 100% ~2 96% A-O 2999 Connecting N Y Dock F-A 102 98% A-O 1st ■' 105% A-O I_I_1998 3%s New York Chicago & St Louts— Ref mtge 3'As series E 1st mtge 99 102% MS 1st 100% 103% 1997 , gold registered A-O RR> — gold coll ' " _ MS 1st ■r:. 105% 2013 IIIIII "1997 3%s_—_Il998 registered Cent 98 v 75 2013 Ref 6c lmpt 4%s series A__— Ref 6c lmpt 5s series C___ N Y Central & Hudson River Mich 5 rik. i General mtge 3%s 3 Vis registered 107 % 93 L 98% 23 : MS A Philadelphia Co coll tr 4%s_l_ Philadelphia Electric Co— 105% 103% 95 94 95 103% 1 102 •99 -1970 General 104% 103 ■>_ _ New York Central RR Co— Cons 4s series A *• F-A Il956 —II A-O I 2%s series Q M 3 Vis ser R ref ic Phlla Bait „ deposit 1st 5Vis series A- __ 96 '• 95 81 95% 101% 101% 102% J-D ser General 4100 *103% 96% 7 39 Co— series series Gen 118 99% 102% 102% 1954 , 90% 88 83 ' 101% 104% 61% 72% 48 91 89% 64% 54 81 Vi •89% 90% F-A 1986 Electric 3%s Pere Marquette Ry 3%s V • ACertificates of deposit F ' . 101 % 56% 65% 81 101% ArO 2%s Peoria 1 . MS 106% 94% 25 61% *58% IS 97 99 61% . IS 1960 RR 3s 3s A Income 102 117 2 ■' as J.07% 37 J-D 3s Peoria 6c 100% 75 100 , ? 105% 103% I'-.' 81 1975 Gen mtge 3%s series F.l.. Peoples Gas Light 6c Coke Co— 'V; 3s conv. debentures 105 101% .. as IS 104 1948 . 105% 103% ,75 . of ACertificates 102% : 98% *102% 104% •107'A deposit ,.„1» 1st 4%s series D 16 117% 1173i ♦104% 104% F-A 1953 _ of , ">L_ as _s.l952 4s JNew Orleans Texas ic Mexico Ry— A 1st 5s series B ACertificates 99% 104 3s—.1974 A„__._1981 Northeastern RB^ imp 4i/2S Orleans ArO M-m 112% 105 __ 131% J-D ref General - /v 89% 103% 101% 101% * ■ New Jersey Bell Telephone 3%s_I__l»|a N J Junction RR gtd 1st 4s * 3 — 104% 104% *100% 101 Va 1964 gtd 4%s series B debentures debentures 102 % 102 *105% 83 *105% 106 104% 128 111 1975 Cons < , 2 J-D A-O 15 __ 104 • 61% 1979 3s s f debentures Pennsylvania RR— 100% 105% 86% A-O debs gold 86% 1979 1988 85 72 5 1974 / • -V %s~debsll974 mtge 3s 104 Q-W Q'A 1978 ref 1st 75% 98% / 2%s~debsll970 Nat'l Distillers Products 3 National Steel Corp 1st 109% 83 129% 130% QS Pennsylvania Glass Sand 3%s 1960 Pennsylvania Power ic Light Co— , 102% 50% '104% 105% F-A 106 106 % *104% 3s ref Gtd 4s N 1989 101% *111 OS 3Vis Pennsylvania Co— 104% 6c St Louis— „ 130% A-O 4s General 4Vis series D_ Chattanooga A-O .1979 & A3%s . mtge 3s series B National Dairy Products 7 83 MS 1977 Pacific Western Oil 3 Vis debs . 1st 107"% A-O 1979 & Paducah ; Nashville 101% 103 % IS Pennsylvania-Central Airlines— 62% 102% 77- WJM 97% 2 105% 106 3 Vis or 73 ;=•. 98% 75 62 20 107 ♦IO6V2 108% 3 Vis 93% 98% •A 74% IS 3%s 28% 75'/a 58% 53% . M-M m-m 107 ' > '101% 1099 73% 101% 101% 1974 1st mtge 3s 2%s ref 1st ic 93% 20% 75% 172 93 *56 iti« debenture! 93% 75% '> *103% Z19X series B *61% Telephone— & 2%s 93»A 1949 Mountain States Tel A Tel 2%s 22 101% 1978 1st Pacific 56% 91% ; * 93% 53% i 53% 35 12% 107 1975 1st mtge 2%s Gas & -1st 70% 68% 1958 46% 28 13 Co— 3s guaranteed 1st & 85% IS F-A Jf-1 2047 * • 1991 33 25 IS 2047 2%s 1st 74% 63% I960 39 13 F-A 2047 A 1st ic ref 3s series J 1st & ref 3s series K 1st ic ref 3s series L 87 92 B 107% ♦20 13 2047 1 debentures Pacific ' 103% 53% gtd 4s 98% 104% *37 F-A 1975 Power mortgage 1st I- — 49 92% IS F-A 2047 Oregon-Washington 105 y4 AOU, 48 • 96 ** 105% 105% 105 48 < 63 Va 109% ' ' IS " 5 50 100 98 83 F-A 105 1997 mtge mortgage 1st 81 66 " 63% ir?t ic Co 3s debs 4 Vis 2 i960 I 1st 1st mtge 1st > IS (Slf.tr 5*itX 1#? gt? 3%i-H:aooo X°nstr m 5s series A 3 Vif 76 53 *103% . *98% IS 1997 Oklahoma Gas 6c Electric 2%s 102 Vi IS imi Monongahela Ry 3%s series Morrell V / »*>% __ 105% *50 -5 IS 53% 1974 Jan 4%s mtge Si A 1st 1st 100 1977 series O Mohawk 6c Malone 75% A-O 77 5 1974 5s 4 Vis Ohio Edison 107% 197® F SAConv gold 5Vis ser A A ref gold 6s series H 1st 6c *101% 102 75% 103% 100 1979 5s series A 1st 6c ref 5s series 1st 5s 10 — 1967 General 4s A *99% IS/ 53% A-O uyv 102% tOgdensburg 6c Lake Champlain Ry— , 103% ' .1968 98% Ry 1st gold 4s_1998 1st B a ref m-a J-D A a 100% RR— AlZjan & 107% 107% ote Pacific RR Ca¬ piat 6c ref A —100% *105 A 41 61 103 97 *105% 106% 5s series series 61 " A-O 102% 2014 3s States 1st 3 Vis ; is 102 MS " 91% 85 *103% — AW 2% 95 100% m-m Prior lien 4Vis series D ACum adjust 5s series {Missouri A • 6% 13 1968 71% •102% J-D j-J ser 102% • * 1957 48 lDC 8er A 4s - 3 __ *108% 109% ♦99% Mi**ouri-Kansas-Texas lien 87 54% 100% m-m Mo Kansas & Texas 1st Prior 86 M-m St Paul A •aaun 9*n mt*« 86 1909 ti A Midland of N J 1st ext 5s__I_Il940 Minnesota Mining & Mfg 2%a 1967 .» 65 v 1st mtge 3 Via. IMP 2T/aS 1st mtge 3%a 3'/as s f debentures Mmn '-• 1 *50% log 4Vis series C Cons Qas mtge iffi .1 1 87% *100 iff . 66% 87% 1971 ltM 100% 66% •i 86 1998 Mead - *101% 90 Railway— 1st mtge 3s Northwestern Bell -: m-w 8% 3% Co.— mtge 2%s '(Wise) ' 101% 8% 3 101% 101% 1981 Ry impt 5s series C impt 5s series D trust 1st *- 103% 15 8% 1943 ; lmpt (Minn) / 48% 3% 1982 4s lien Northern 109 % 33% M-m 1978 D 5s conv inc ' M 5s ser registered & Ref & . 93% 101% 69% 310 1 56 J-D 1937 registered Ref & 100% 89%' High 123 MS 1940 gold 2%s Pacific lien 4s 95 76 % i —— , 1999 l'" . 87% " 1090 , 93 5s Western General Ref *92% 41% 1963 Central gen & ref ref 4Vis series A Northern 3s Bt mtge Northern 106% 106% 104% 104% ,, A Gen 123% 103'/a 103 Va 106% 40% 1937 Southern 108'A *53 F-A 40% 1977 5s 1st Telephone 106% 1 62% 1993 Niagara Falls Power 3%s 74% 61 1954 4Vis gold 120 106% 106% MS 1969 refunding Norfolk A-O Low 1992 June Ref mtge 3 Vis ser E Ref mtge 3s series F 32% 61 May A-2022 ser 1st cons gtd 4s gold Y Jan. 1 No. Susquehanna & Western RR— SATerminal N Range Since Sold High 1955 § AGeneral 56 58% 27% Bonds Thursday's Bid 6c Asked Chester— N Y State Elec & Gas 2%s Y Steam Corp 1st 3%s SA2d 54'A or IS Power & Light 1st mtge 2%s_1975 S A 1st May 6c Ilec 3 Via 1st 6c ref mtge 3s Louisville 6c Nashville RR— 1st & ref M 3%a series F Port N 71% 2003 Louisville Gas 2007 lnc 4%s 6c Y & Putnam 96% 72 50% 1961 A ser 4s N 78 77 54% 1991 General Y 84 27 Sale Price Hartford RR— conv River N F-A M-N Lorlllard (P) Co deb 6s 3s debentures mtge 101% M-N 1991 & 1st mortgage 4s {AN Y Ont & West ref 4s Af-N Little Miami gen 4s series A. A Lombard Electric 7s serle* Haven Harlem 76 May Liggett 6c Myers Tobacco 5s New 1st 6c ref mtge 4s , 76 Va 2003 int Y F-A Lehigh Valley Terminal Ry ext Ss.1951 Lexington 6c Eastern Ry 1st 6* 1969 . 10 ♦80% May '. 93% ♦100 F-A —..2003 int N A 2003 Scries P 5s cont 90% 93% M Last Period Low 96% 93% A-O Week's Range Interest Exchange High 2003 bont int 4%s Vi No. New York Stock 2003 Series C 5s fixed int D High BONDS Jan. I AGen 1971 reg 11 Range Since Sold Ltd— Co 1st mtge Income Series *85 IS Lehigh Coal 6c Navigation Co— S F mtge 3 Mi* *er A 1979 Lehigh Valley Coal Co¬ bs stamped 1999 6* stamped 1964 5s stamped 1974 Lehigh Val Harbor Term gtd 5*—1964 Lehigh Valley Ry Co NY 4 Mi* ext_19M Lehigh Valley RR— Gen consol mtge bonds— Series ' — NOVEMBER Thursday Bonds Bid &. Asked Low Lake Sb 6c Mich Sou gold 3%t 3 Via registered WEEK ENDED Week's Range 108 % 102 104% 98 99% .-1 Volume CHRONICLE & FINANCIAL COMMERCIAL THE Number 4855 170 (1937) 29 NEW YORK BOND RECORD RANGE Thursday BONDS Interest New York Stock Exchange Period Last or Sale Price Bonds Bid & Asked Low 101% 105% 1071/* l09y4 146% 151 10 215 223 2 .104 106% 103% 100% *108% 109% 1st & ref 2037 J-J 1st & ref mtge 8s 2037 J-D lot ref mtge 5s ■_ 151 223 .. as 1»<X Jf-N 1979 - Oats 2%» deb 1964 102% • 106% 106% J-D J-J mtge ref mtge 223 ~r *104'% Range Since Sold Higli 1. Jan. NO. Low High. __ Pacific— Pacific-Missouri Term RR New Orleans of A J-D 3%s—1974 Adj income 5s 100% 103 J-J 49% 49% 50 Va 02 41 A-O 1960 Jan I960 fThird Ave Ry 1st ref 4s 21% 21 223a 45 16% J-D *__ Jf-S J%s„1960 Tri-Continental Corp 2%s debs 1961 Tol ft Ohio Cent ref & lmpt " 2%s at 1st & — 150 »/2 151 Bonds Bid & Asked 104-ya No. ♦104% 104% J-J Thursday's' or High 10 M-N Sale Price Low Texas 1963 1HHR Last Period Exchange New York Stock 1 Jan. Sold High ref mtge 3%« 1st ft Week's Range Interest BONDS Range Since Elec ft Ga© Co— Service debentures 3s 11 NOVEMBER Thursday Range Thursday s Low Public FOR WEEK ENDED Week's *99 94 71% 45% 94 88% 100% 102 100% U Quaker >101% 102% 3s Reading Co 1st ft ref 3%© «er D..1995 A-O Gen Tobacco 3e debs__1973 (R J) Rochester Gas Elec ft 93 2 1967 mtge series I 1967 u-s run mtge 3Vis series J 1969 US ISARutl&nd as 4%i RR 1949 1971 M-S 1996 1996 J-J 9 debentures S 2%s 7% 97% St Lawr 2d Adlr ft 1st gold 6s gold 6s St L Rocky Mt ft P 5s stamped St Louis-San Francisco Ry Co— 103% 1st bond 4s 2d Ry— certificates. inc 4s bond 67 71% *99% , — ctfa 88 88% 79 83 89% May 56% 56% 56% 76 46% 61% 1989 114% 114% M-ff Nov 1989 J-J 1990 J-J Gen ft ref gold 5s series A 2 4 101 97 *95 85% 104% 104 J-D A-O *103% Scioto 1989 M-N *126 1996 J-J 101% Jan 2016 J-J 66% Seaboard 4s series A mtge 4%i series A Seagram (Jos E) debentures 3s Shell Union Oil ft Sons 2%s .1966 ft Nor Southern 3s Ala RR gtd 1941 J-J .1976 J-D 1963 A-O 102% .58%' 69% 98% 2%s debentures .1987 J-J _I~ .1994 J-J Southern Indiana Southern Pacific 4%s Ry 2%©_ 106% 97 70 77'/a 89 99 % 45 Jf-N 91% 91% 91% 39 747/a 88 W 88 69 71 75 ♦100% 100 1986 J-J 87% 87% 2 84 series F 1996 J-J 82 82% 6, 77 84% .1961 J-J •94 94% .1994 J-J 1st Ry gold 5s cons gen 4s series A -1956 Di"el ft gen 6s series A Devel ft gen 6%s series 116% 79% 102% 5 103% 104% 9 A-O 102 % 102 -1956 A-O 103% J-J Southwestern Bell Tel 2%s debs. ..1985 3'/is debentures l_ -1983 Jf-N ASpokane Internet lit gold 4%s. .2013 Apr Standard Oil of Calif 2%s Standard Oil (N J) debs .1966 95% 106% 27 104 36 *104% 104% 102% -1971 14 93% 101% 103 .1966 J-J *98 Bwift -1972- J-J *100 100% 97% -1073 M-ir *103% 104% 101% debs debentures , ft Imp M 4s series <?_. Imp 2%s aeries D ft 1st r 98% .,97 A-O U-N B 1970 A-O C 1990 Wisconsin gold 5s 2000 J-D 1985 j-J Orleans RR— ref M 3%f series M 3%s aeries ref Pacific & J-D 105% * 106 % 46% 1st 106% ~4 45 101% a 103% 105% 103% 106% not 98 94% 94% 99 88% 97% *97% Gen ft ref M 3%» series E_ •126% 127 101% 118% 10 101% 102 97% 109% Jf-S A-O May 53% 54% 15 49 % 100 »A 101% 148 97% 99% 101% :i 22 95 % - 34 86 102 101% 4 /" "" *106% 107% " ' 101% — V. *101% 102 63% 62 100 A 100 ft 1950 1951 1960 M-N M-S J-J 100 ^ M-S 101% 101%, 101 % J-J 105% 105% 106 J-D U-S j 99% 99% 100 98% 98% 99 84% 84'A 84% ■ • 101% 46 64% 86% 5 98 % 101% Corp— ! 1973 1970 1967 J-J *101 — ; 96% 102'A 100 96% 25 > 100 1958 A-O *10234 103 102 % 104 1960 J-J *114% 112% 115% I — of 74% 71% 47 75% 44 75 J-J 1949 deposit of 44 78 74% 71% J-J 36 2%s 1979 3%s 99% * J-D 1976 ... ' MM i tH.,' ' ' r t ; . ' 2 v 46% 95% 5 ■; __ 106% 106% 106% J-J 1971 99% 99,% *104 Jf-S 49% 35% Jf-N 1936 deposit.., Power Service Public "106 100 188 ; Ry— 4s__. delivery in the Included sale not year's range n Impaired *98'A J-J .1976 100 101% 101% 104% 107% J Ex-coupon. y ABonds not ©al© reorganised wider Section tf eft companies week. prices; no sales being transacted during current ♦Thursday's bid and asked 102% 97% 94 maturity. by Act. or securities assumed bv such 127 — ^. . tCompanies reported as being in bankruptcy, receivership, or the Bankruptcy 99 Included In tlx© year*© range, d Ex-interest. © Odd-lot ©al© Under-the-rule sale not Included in th© j«*"" rang©, r Oa»h the year s range, In {Negotiability r- 94% 105 54% Elec Lt ft Power 2%s. included 106% 106 107% 105 106% 6 105% 105% *105'/a 106 106% 52% 2%s Deferred 119% .; 101 22 • 'T 99% ; 55 99 104% 104% __ 107 ' 49 *103% 104 * 92 ) 104% '■ . 99% 102 85 18 87 ■} *106 101 115% A-O ft Texas I 98% 56 V2 Central mortgage *102% 103% *119% j-j 1965 Texas New 87 94% A-i. ' • 76% 64% 8 55% ,' 1985 Corp 3s deb— 1st ft ' 2019 Texas 1st ft ■ 19'71 Eleotric Wisconsin Yonkers Terminal RR Assn of Bt Louis— Ref *101 ■ ■ 83 69 1 26 •r 55% Electric A Certificates 98 40 Sunray Oil Corp 2%s debs Ref 97Va f M-S f A8u ft Du div ft term 1st 4s 104% 97% 97 102% J-J 27/«s 68% 97 2361 Telegraph Coreal estate 4'/2s gold 5s A Certificates 52 102% 102 % 97% F-A -1974 Co 2%s 69% 67% , 97 46% 2361 fAlst general 107'A . 69% €8% v ' deb 2%s_ debentures ft .. guaranteed is ^Wisconsin 102% 96 103% ?;'! 39 39 Jf-N 108 101% *106% 39 110 104 101% 101% 101% A-O 102% 106% 103% J-J 2.65s conv debentures 107 99% *101% 102% ' Af-N Wheeling Steel 3'As series C___ 1st mtge 3%s series D Wilson & Co 1st mortgage 3s Winston-Salem S B 1st 4s ] "" ft J-J ..1951 *105% F-A F-A J-D Wheeling ft Lake Erie RR 2%s A.1992 98 ; < '' -1996 98 96 1966 debentures 2%s 95% 109% 36 -1956 Memphis Div 1st gold 5a St Louis Div 1st gold 4s 2%s 92% "7 86% 86% 86% 79 25 1979 4s 1st 25-year 30-year 5s Weatinghouse 111% 112% 111% A-O 2 100% Union Funding 90 ft 104 84 Va 100 series I 3s Shore Western Pacific 1st mtge 2'As series G 117 102 MM 84 ;A-0 1st mtge 4s 1952 Western Pacific 4%s inc A Jan 2014 101 series E J-D 84 100% 1967 ' 3%s gtd mtge Registered 92% Devel ■ West 1017/a 1st mtge 2%s < Gen - 1st ref gtd RR West Ponn Power 3%s 95% Jf-N 1st mtge 2%s Southern Baking Co— debs (subordinated) 5%s Warren 101'/a 103% Jf-B 1st mtg 3%s ser A -1975 RR Co— 99'% 106 107% j 5 102 Jf-N 123'A .1969 San Fr Term Southern • Walworth Co conv ; 1971 2%s debs.1966 debentures 3%s_1976 1970 gold 3%s__2000 Washington Terminal 2%s ser A 1970 Westchester Ltg 5s stpd gtd 1950 .1977 99% 102'A 102% ■ 115% 115 Va 106 98'A 12 106 *105 ; T-j Jan 1981 99% I -1981 ___ — 102 106 — .... *104 Western Maryland (Oregon Lines) A- — Apr Apr Apr M-N A inc 4y<s series B__Jan 1991 Ward 94% 2 ' l-O 1st mtge 3'As series B Walker (Hiram) G ft W Gen mtge Co— 4%s iV2s Jf-S A-O 54% 100'/a ' 74 • 102% —1973 99'A 1 ,103% 103% *71 102 102 Jf-N 102% 22 100% 101 102 107% A-o 123 106%' 106 106% F-A _ 91 *102 —1995 95 19 ; *123% 126 J-J .1985 Gold 99 97% 75% *102 Jf-S —— 25 96 31 96 14 F-A —1958 5s cons Gen mtge 4s inc series %w 98% 100% 100% .. MM 91 91 —— Jf-N —1957 f 4s series B 100 99 95% 2 W 94 ;i 102 *95'/4 100% A-O RR cons g 4s series A.—1955 s Gen: mtge .1979 debentures 1st 100 102% *102 99 ?■:? 97 99% 93% 95 102 95% Wabash RR Co— Tel ft Tel Co— Bell debentures 2%s Gold __ *54% F-A .1963 5s__ 98% A-O *101% /"' 98% ; 91% 9 10 95 102 —— if-8 107% 128 16 97% 103% 95% 95 Jf-N 103 57 67'A 97% J-D .1971 2%s debs 'A 66 103'/a 100% 103 % , 127 101% 101% 105% 99% — 95 100 5/« 127% 110% 103 104'% 106% 97% J-D .1974 ilASilesian-Amer Corp coll tr 7e Skelly Oil 2%s deba_ Socony-Vacuum Oil 2%© South 1st Air Line RR Co— 1st mtge a Gen gtd is ■' 102 % A-O 1967 1959 Pictures 3%s debs Virginian Ry 3s series B 1st lien & ref M 3 %s ser C 114% 105 *107% ft N E 1st 101 88% St Paul ft Duluth 1st cons gold 4s. 1968 St Paul Union Dept 3%© B .1971 V 86 97 ■ _ *102 *103 , if-8 1966 —.1976 Virginia Electric ft Power Co— —1975 1st ft ref mtge 2%s series E__ —1978 1st ft ref mtge 3s series F—. —1963 3'/aS conv debentures 1979 1st ft ref M 2%s ser G ... 2003 Va ft Southwest 1st gtd 5s 76 J-J 1997 mtge 4s series A. a 2nd mtge inc 4%» ser A__Jan 2022 Louis-Southwestern I 67% A-O 1st Bt 103% *103 100% 99% 104% 104% — - 12% Cons Power 3s series A 2%s 23/8s debs debentures Vandalia Baguenay F-A 108'A *102% Af-N 10 8% 24 9 C series 2%s mtge Rubber Universal 106% 105% 9% J-J 1955 stamped __ *8'A J-J U __ of United Biscuit Co of Amer 107% *._ *106% J-J 1941 nampea __ *106'A M-S Gen tARut-Canadlan 119% Ref *120'/a lf-S 1977 3%i 27/aS Corp— mtge 4%s series D mtge 3%a series H Gen Union 85 3 14 110'/a 110 % A-O Pacific RR— 93% 106% 28 105 102% 117 92 105 92% Jf-N Reynolds Calif 2%s debs. Oil J-D 1975 1991 debentures Union Jf-N 1970 & coll trust 2%s 1st mtge R 1971 1975 1968 of Mo 3%s Union Electric Co selling flat. NEW YORK CURB EXCHANGE AND WEEKLY «■ ., •' ' 4 • . ' « RECORD YEARLY ' * ' S ' . . , | 1 s • . •. following extensive list we furnish a complete record of the transactions on New York Curb Exchange for the week beginning on Saturday, Nov. 5 ending the current Thursday, Nov. 10 (Friday, Nov. 11 being Armistice Day. and a holiday on the Exchange). It is compiled from the reports of the Curb In the and '.i. Exchange itself, and is intended to include , .. T;.'"'--"'• I'll''' ■; V New York Curb , ' Last Sale Price Exchange ACF-Brill Motors Aluminum Acme Acme Wire Adam Hat Co Associates Electric Alabama Great Alaska Alles & Allied Allied .. mm'- * 6% 7% pfd ' 100 5,000 Corp common common America Aluminum Goods Industries For footnotes common preferred Aluminum Aluminum American Bantam Jan Amerlcan 6 Aug American 1% Jan American 32% Car Co class A_ "III Beverage Book Cities common .100 ft 7% Jan 11'A Oct American Jun 7% Oct 4%% 5% Feb 7% Nov Oct Jan 92% 100 Jun Gas Electric— ft preferred convertible Nov Hard American 1.1 preferred Rubber Co common page 33. Feb • 49% 49% 50% 5,400 45% Jun 100 96% 95% 96% 150 93% Jan • 20% July 4% Jun 6% May American 54 Mar 100% Aug 6 % 26% Jan Class 7% Oct American 4,200 1% 111 Jan 114% May 2% July 5,000 178 Nov 575 27% Feb 44% r45% r45% 325 32% Jan 45% Oct 9% — 2'/a 42% 1-43% 2 143 Jun 13% Jan Sep 25% Apr July 16% Oct 550 18% Oct 400 4% 7,900 3 Jun 5% Jan 11% 11% 11% 1,100 7% Jun 11% Oct 42'4 41 42'A 200 34 Feb 42% Meter 29% 29% 30 % 7.900 17% Jan 32 Va 32% 32'% 75 30 Jun 25% 25% 100 28 % Mar 24% 25 '/a 1.900 28 % Mar 28% 29% 3,300 • Co Natural Gas Co com .25 preferred American 87/a Oct Nov 25 Mfg Co common Maracalbo Co American Jan 9% 8% 8% 9 15% Jan Mar Mar 19 American Metal Products common.. ...2 6 6 74% 4'A American 5% July 18% American Apr 100 58 15 Va American Nov 3% 6 Jan 20 4'A Apr 5% Feb 6 Jan 1% 15% 6 Feb 2% 17% 7)% Jan 1% Jun 18% Feb 3% Jun " 71% 51% 1 .25 3% 100 13% . II Jun ft Sep •'35% 2,900 ._1 800 5% 150 1,100 ,{li ..20 Mach Laundry 4% 5% 16 49% % —25 '4% 15% 48% *% 1 High Low .100 American General Corp common—. ,10c —l $2 convertible preferred $2.50 Range Since January High ; —: 5% 5 low Light— 1 Jan Jun 4% Shares ...1 Co. Power for Week 48% common '4% 1 • Mfg see Ltd VA Oct 3% Jan 1 (Mich) of • Range of Prices Sale Trice Per Sales Week's Last , High 8'/a ."■* 91 • Co Oct -STOCKS— 1 Inc Investing cumulative Jun 3% May 1% Mar 79 1 $3.75 19% 100 • 100 Altes Brewing Co Aluminum ; .'' • New York Curb Exchange t 7% 7% 50 Altofer Bros 1% 1,500 10% 7% * % May - ... 10% __ 7% Fisher common Products 1% V 1% 7% 4.20% Airlines " 300 20'A 19% J) (N Southern Power Internat 700 Appliance Inc Air-Way Alabama 700 2% 1% Agnew Surpass Shoe Stores.. Ainsworth Mfg common Air 1 Va 2% — Supply Mfg Aero Low 1 19% , Thursday , ... Range Since January 1 High Inc !. .V ;' 11 Sales Shares 1 Va common ?bond, in which any dealings have occurred during the current year. for Week 2% warrant©.^ Alloys Stores Range or RANGE FOR WEEK ENDED NOVEMBER . of Prices Low Par security, whether stock '.*7^ ' Week's Thursday STOCKS— . every Potash & Chem class A_. • B Republics ZIo 28% , 13 30 % x33 Oct Nov Oct 30 COMMERCIAL THE (1938) YORK NEW Thursday Range Range Since January 1 Shares .—2 33/4 3% 3% Amer .100 3/4 % it Jan 108% Oct 4% May Feb 43/4 Jun 4% Jan 6 3/s Apr 53/4 Nov Chief Consolidated 22,400 $6 Thread 5% • American Writing Paper commonAnchor Post Products ~4% .—» 6% - 5% 5% 200 7% 7% 300 .12% Jun 3% 3% 500 2% Feb 17% Feb 3% May 6% 6% 800 5 Jun 8% Jan 460 1033/4 Apr Jun 5% Jan 11% Oct 113/4 Oct Club 11 113/8 18,600 5% Jan 10% 500 10% Jan 20 113% Jan Sep Colon 700 Jun 9% Oct Colonial 14 3/s Jun 21% Oct Colonial Sand ft Stone Co 24 400 21% Jun 24% Sep 6% Jun 10 Colt's Manufacturing Co Sep Electric Industries— American % • 1 Atlantic Coast Line Co Atlas Corp warrants 30% 25 3% • Atlantic Coast Fisheries % 30% 3% 1,800 % Associated Laundries of America Associated Tel & Tel class A 3% 1,400 43/4 1 5% 5 5/a 15% 43/4 33% 3% Oct July 51% Jan 11 200 Jun 6% July 8% Jan 8 Mar 11% Apr 20 July 25 Feb Liquidating Corp. ft Smelt Ltd Consolidated Royalty Oil 800 10 Jun 15% Jan Continental Car-Na-Var 14% 14% Benson ft Hedges 15 $1 59 2,100 41 Jun 59 34 34 50 32 Aug Blckford's Inc 400 7 Feb 9% 4% 7% 12 400 10% 300 10% 10% 36% 11% 3% 33% Amer 38% Jan 9 f 14% Nov Curtis 73/4 Jan Curtis Mar 13% 3% 5% 23% 19% 10 6% 63/a 17% ft 5 5% 473/4 Apr Jun 22 15% 2,900 23 Aug Feb 16 Aug 200 33 Jun 34% 800 19% Mar 233/4 Oct ■ 8% 8% . 11% Jan 10 -ft -- ft 600 1% 1% 1% 233/4 200 25 '/■ "ft 11 11% 8ft Apr 7% Sep 11% ft 53/8 ———1 6,200 10% 17% «... X5 % x5% 17% . / 100 5% 300 • 11% 11% 11% 4% Jan Jun 44 % 900 Feb 6 3,4 Oct 31% 32% 125 32% Nov 15% 15% 16% 2,000 8% 550 % % is 4 27% July • 900 9 69% 68% 6 3/4 Sep Oct 9 Jun 58% 1,300 Jan 70% 109 Jan 114 % May 50 100 14 Jan 108 Aug 9% 91% 90% 91% 18 Jun Jun 1,650 3 200 2% 500 x30% X30 250 20 % 4,100 13% Nov May 103% Jan 3% Jan 1% Va May 10% Jun 13% 133/4 14% Sep 70% 900 Jan 73/4 13% Sep 805 Jan 14 Va Oct X30 % Nov 43/4 Feb 7% zzu 37% 37% 38 350 dep receipts (ord reg)—* 1 — ■ 353% 35% 36 11,100 Jun is Jun 7% ft 14 Nov 12 Jun Aug 7 Oct Sep 3% 3% 1,900 25 3/a Oct 3% Sep 7 Oct 8 Jan 42 Jun 2% July 1 1% ft 2% 2% 1,100 9% 9% 10% 2% 23/8 2% ft: 5% , Feb 41 % Jan 1 Va Aug 7% Jan 2% Sep 200 5 6% Apr 500 5% Feb 8 3/a Apr 800 9% Nov 13 % Jan 600 1% Jun 3% Sep 3 5% 1 Co.. 33/4 •: Jun is Jun 28% 2,600 2% 100 1% Jan 10 Jun ~ (Md) "A" partlc 6% ■ • 2 Be • II Co common 3 7 • 55 55 173/4 17% 17% 12 • 55 12 30 2,600 43% May. 14% \ May 65 Jan 19% Aug Apr Mar 106% Oct 5 3% Mar 15% Sep 4% Jun 8% Oct 10% Jun -16 27% July 5% Jun 34 102 —10$ • common Lighting Inc oommon Mfg Co (Mo)—; Hosiery 2.BI 1 13% 100 13% 200 13% 30% Mills. 30% Oct Gasket ft Manufacturing Detroit Oray Iron Foundry Steel Products Reynolds class B ft dep rets Dobeckmun Co ord reg— common . 13 3/a Aug 5% Oct Oct Dominion Steel ft Goal class B 12% 6% Jun Jun Jan I 110 22% Jun 32, Feb G% 700 6% Nov 8 Jan 10 132 2% 1 1% Jun Jan 2% Jan Jun Jun 12 Jan - i 10% Jun 93/4 9% 9% -1 14% Sep 6% Jan 10% Jan 900 3% 3% 900 2% Jan 3% Oct 36% 250 26% Jan 36% Nov 14% 800 11% Jun 1% "9% 200 65 -ft > 14% 35% 14% 3% — II 65 ' 275 9 Ye Oct 15 22% 20% Mar * * Apr 10% May Nov Sep Draper Jan Driver Harris Co 12% Feb Duke % Jan 3% Oct Corp. —• Co Dunlop Rubber Co Ltd— Amer dep rets ord reg II Oct Jun 32 Va Jan Feb "82 % Sep 7% Feb Jun 57 —II - 65% 23 74 11% Power Nov 24% 9 .11 6% Apr — 1% Duraloy (The) Co 1 Durham Hosiery class B sommon Duro Test Corp common • 1 '——ft 12% ■i 4 % Duval Texas Sulphur • 16 14% 3 100 4% 16 2% Mar Jan 14% 9% July 25 12% 5% Jun Feb Nov 16 10% Mar 3,300 Oct P Cable Electric Products common Cables ft Wireless— American d*p rets 5% Calamba Sugar Estate pfd Calgary & Edmonton Corp Ltd California Electric Power Camden Fire Insurance Canada Bread Co Ltd 100 2% 1 • 6% 6% 63/4 15,300 1 7% 73/4 8% 3,800 I —• Canada Cement Co Ltd common 6% % preference 4% Jan 2% Jun 3% Jun 7% 6% May 19% Jun 8% Sep 4% ft 22 3/s Nov 6ft 8 3/s Mar Oct r2% July r2% July 20% SO Canadian Canners Ltd common Convertible preferred Jun 1"% July 3% Jun II Feb 26 Aug 263/8 Nov —• Canadian Industrial Alcohol— Class A voting Class B non-voting— Canadian Industries Ltd— 1% preferred Canadian Marconi • Oct ——• 7% Jun 10% Jan 73/8 July _• 9% Jan 100 148% July 1 7% Jun Carman ft Co 2.BO 2% Nov Carnation Co common • Carolina Power ft Light $5 pfd Carr-Consolidated B'scult Co * 56 2 - 14% 2% 7,200 1 Jun 173/4 450 12 May 148% July 2 3/s Nov 21 10 % 35/a Jan Oct Apr 1 56% 275 Jan 573/4 Oct 113% 114% 75 109 Mar 114% Nov 3% 1,300 2 Feb 56 3 40% 4% Mar Carreras Ltd— (AM) ft Co £1 123% 2s Id 1 2 ——• 10 Catalln Corp of America 24 1 4 5% 5% 100 4% 5% 4% 100 24 3% Feb Mar x43% Mar 3% Feb 25 250 4 1,600 3% Jun 22% Aug Conv pfd opt div ser Conv pfd opt dlv ser 1920— irstern Malleable Iron -II Aug 3/7 % Mar 17 preferred series A. Sugar shares see $6 pfd shares of beneflelal lnt Easy Washing Machine class B Bond ft Share common Electro graphic Corp common Empire District Electric l ft pfd Empire Millwork Oorp Emsco Derrick ft Equipment Equity Oorp common IS convertible preferred Esquire ins Eureka Oorp Ltd Eureka Pipe Line commoi 2 v.'ft Y..-,'-' 26 .. 13A 500 2% 2 — 2 3/4 Jun 61 1 18%: 18 3/8 1 36 43% Jan 1 17% 17% 15 Jan 85% Jan 93 Oct First York Corp commc 5% Feb 153/8 Oct 2,300 11,280 320 100 14 15 425 Feb 5% July 5% July 5 May 3 Jan 35 1 Sep —— — — 3% 3% 3% 1,500 130 15% Nov Nov $2 dlv cum preferred. Plshman de to 1% • 7% 8% 600 Nov -.13% May Jan 101 % Apr 7% Apr 13% Feb 11 Apr 6 Va r473/4 1% Mar Feb 31 47 % Jun 4 ; 400 Mar - • 6% % % May 14 100 15 15 .11 700 ft is i 1,345 ; 6% 5% —— 1% 8,100 Feb/ Oct Oct Sep Feb 18 ft ftft ft iftft'Yvf/f> ftftft 17% A- • ' f' 4% .11 Feb 17,500 33/4 Feb 1,400 5%, 47/a 8% Feb 13% Apr 75 3 Oct 11% 71 71 .10c 12% 10% — 72 60 57% Jun 3 600 2 Va Jun 2% 21% Aug 700 19 17% -1 — Jun 25 5% Mar 3 % July 35 3% Oct Amer dep rets ord reg.. Ford Motor of Canada— — — 5 -- 200 13% July Oct 17% Sep Ford Motor Co Ltd— Oct Jan July 8% Nov 7% Mar 10 Va Jan 6 9% 800. — 1%. 1% YftY r47 r47 • Co¬ Stores- Jan 4 Jun •ft Oct (MH) $1 93/4 15 37 2% - Oct 18% 92% July 4% Aug / 10 6% Oct 10% ' 1 1 1 600 12% 6% „v;y. 31,700 100 100 —- .11 5 5 ■ *■ V 10 a.BO 55 Oct 78 Mar 53/4 May 10 3/4 Feb 400 * 17% V 12 V* 12% 1 111 1 1 lie Fansteel Oct 15% 1934 • 10 93/4 Palrehild Camera ft Lutramenl. 8% 14% 11% Mar Jan 100 119% 1323/4 Oct 600; ftftT'ft'" 83/4 125 Oct 67 ftYY'ft 83/4 100 76 Jun F 1 15% Jun - 19% ' 93/4 Oct Engine ft Airplane Metallurgical Fire Association (Phlla). 13% — —«. • Falrchild 13% 50 39 60 61 ■ Oct Jan 100 Y":--,-'v iftj- — 61 Nov 5% Sep 100 ft*. — • Mar 5% 83 10 page 33 ft Associates— of beneficial imt May 1 common — 2% 74 % Cessna Aircraft Co common. America ' Eastern States Corp 10 10 For footnotes 77% 78% Century Electric Co common Century Investors Inc Conv preference Charts Corp 77 Jun 78% ICentral States Elec 6% preferred—100 7% preferred 100 Chamberlin Co of Jun 61% 10% Central Ohio Steel Products Central Power ft Light 4% pfd Feb 62 975 13% Mar Central Maine Power Co— 3.60% preferred Jan 350 72% Electrte 2% Castle 4% Jun 73 70J/e Oom 17% dep rets A ord dep rets B ord 2% 1,600 3% 72% —ft' $8 preferred series B 1 Amer 3% 3% 72% .101 prior preferred Eastern ,—B Amer • -101 preferred ' X24 * Capital City products common Carey Baxter ft Kennedy Inc Carter (J W) Co common Casco Products common Eastern Oas ft Fuel Assn eoi Class A non-voting Class B voting. Ford tfev*r of Fr*nr»— Amer dep rets bearer. ' V'* ...ftft; — — % M Oct 9% ft 18 400 . Jan 11% Jan Jun 200 23%, 23 23 Sep .; 144 Jan 7 100 2% 7% 9% May 500 , 73% 73% 10 Dominion Textile Co Ltd common "22% is Jun 1% 27% 10 10 1 Dominion Tar ft Ghent Co Ltd Jan Nov 3 ! 6% Doinestio Credit Corp class Dominion Bridge Co Ltd. 5% Jun 27% 1 '1% ?.:■ '• Feb 16% Sep 200 —* Jun 20 Va 100 6% 2% 100 debenture Jun •ft 25 ' 6% 2% Ino 7% 10 3/4 July ■ 31 ' 1% 1 Petrol Tobacco Amer Jun 16,800 3% •••• 333/4 Distillers Co Ltd— ft Jan 2 1% July 21% Mar 14% July 4% Jan 1,100 1.10 —1 it Aug 1,250 6% 4,700 4% 1,600 15% 12%s 1,400 413/4 6'/a 7 Detroit Feb 8% 1,300 5% Burry Biscuit Corp 12 4 03/8 6% 6% Dayton Rubber Co class A. Dejay Stores common. Dennlson Mfg class A oommon Sep 23% 14% Ring Co Burma Corp Amer dep rets '% 40% 6% Davidson-Brothers 13% 5% Bunker Hill ft Sullivan Burd Piston Apr Day Mines Inc 300 15 3/a Buckeye Pipe Line 43% 17% preferred Davenport l3/4 • Jun Jan Sep 33 233ft I.BO 3% Jan Jan 23 ; 10 Bruck Mills Ltd class B 1,000 4% 18% 33 • 1 4% 14% •6 Jan 33/4 May 21% Apr 300 —!_• Junior pfd 4% 700 Mllner Devoe ft Brown Rubber Co common Bruce (ILi Co common Apr 4% Oct 16 II Brown Porman Distillers Oct 7% D Jan 23 10s 6 Jun Sep 7 > 16 ' Amer dep rets ord reg British Columbia Power class A— Class B Jan 4 Oct 80 13% V II 3% 600 8% Aug Jun Mar 4% July ft 100 16% ' Jan 12 100 4% Oct 62 16 Jun 5% 43/4 Sep Feb 9 23/4 125 19% fi ft Cuban Jun 500 8% 5% 10 5% 4% __ 800 Crystal Oil Refining common Id preferred Cuban Atlantic Sugar common Oct 6% May 17,300 453/4 16% Jan 1,300 Brewing Co Detroit dep rets ord bearer cum Feb Apr 33 Amer dep rets ord reg British Celanese Ltd— 4% 3% 8 ' 5% 6% Crown Drug 2 Sep 13 325 12 45 ' Aug 11% Sep Oct 11% 19% 4 .— Feb Apr 16% convertible preferred— Crowley Oct 300 _• — __ 5 34 % 6% 11% 61 —100 Oil Co 400 Sep Mar 16% Cent 57 400 Class A British-American 22 11% Cork Internat'l Jan • British American Tobacco— 500 8 6% Crown Jan 7% ft 30% 29% Jan 2% , 16 3/4 Crown Jun 14% ■ Jun 11% Oct 6% 7% 0 Jun 5% • Mar 26% 14% Zi 1% 500 33/4 j* 5% 50 * —— 1,900 . 5 Crosley Motors Ino 73/8 Aug 14 Jun 400 1 Corp common Bridgeport Gas Light Co Brillo Mfg Co common 1% 7% ' • 1 Co preferred class A. Croft Jan 8 7% Brazilian Traction Light ft Power— ft* 13/4 7 7 —1 — 6 1% Aug 57 7% 67 1 Breeze Mar 29% 1 II Corp Inc Jun 35% 8 .11 17 1% Aug Courtaulds Ltd— 33% 900 36s/8 35% 1 —— Jun 13A •" Creole Petroleum 1% * Borne, Scrymser Co Bourjois Inc 14% 700 • is Oct 43/4 May 8% Mar • Blumentbal (S) ft Co common Bohack (HO) Co common prior cum pfd 200- 2% is Jun 5% Feb 1 Blue Ridge Corp common 16% 2% x30% 9% 10% 75 12 • 1 Birdsboro Steel Fdry ft Mach Co corn.* Blauner's common 16% • 6 3 6,100 7% 3% 3% 1 common Nov Be 4% July 1 % Aug 1 14% Jan 36% Jan 93/8 ——1 common Jan Cosden Petroleum common.. Nov 563/4 • Convertible preferred 10% Corroon ft Reynolds common. 57% II 700 * Consolidated Mining American Bell Tel of Canada common Benrus Watch Co Inc 14% 1033/4 105 Utllitiea Gas 400 1 14 13% Consolidated 200 ——I Beau-Brummel Ties common Beck (AS) Shoe Corp Bellanca Aircraft common Nov 103% Oct 5ft Basic Refractories Inc Baumann (L) ft Co common 14 % —1 Jan 5% 9% 1 Jan 8% 8% *• Corp 12% 69% 9% shares Barium Steel 500 .100 21% Coro Barcelona Tr Lt <fc Pwr Ltd 14% preferred series 0_. 4ft Jun B American Oct 143/4 , 1050. Cook Paint ft Varnish Co Baldwin Rubber Co common Banco de los Andes— 65% 113% 114 Jan 4% If preferred Feb 114 to Cornucopia Gold Mine* 1% 38% .10$ 4% ft 8 3/s * 26,200 series B preferred Vtc ext • — 65% 14% Consol QILF Bait common— Jan 6 Continental Fdy ft Machine Babcock ft Wilcox Co Baldwin Locomotive— 13/8 623/4 32 Consol f Jun —II • Avery (B F) ft Sons common 6% preferred Ayrshire Collieries Corp oom % 6 Compo Shoe Machinery— Sep Feb May 4 1,000 43/4 .. 15 1 2,400 Oct 1 % 2,300 143/4 5% Plywood Corp U Inc Community Public Berries Feb 16% 36 M Automatic Steel Products Inc Automatic Voting Machine 7% 6% July % Sep Si dep rets reg Hotel Commodore 9% Mar 1% Colorado Fuel ft Iron warrants 700 9% 10 % Mar Jan 1% % Airlines 3,000 9% Jan 6 •ft. 'ft, 1 8% 20% "9% 1 Nov $1 8% 23% 1 19 500 14% — 20% • 11% Jun 1 1 Development ordinary ~8% 6 Aug 975 64% Z, * Cockshutt Plow Co common Nov 11 116% Jan 65 19 — * Aluminum Products Co 13% Jun 1% . -4 II Clinchfleld Coal Corp common Clayton ft Lambert Mfg. 20% Ashland Oil & Refining Co $1.20 conr preferred Aspinook (The) Corp Atlas 13% 9,500 10% 10% • I.M Equipment Corp 3,300 Nov 57% 8% 1 3% Jan 8% 200 9% 8% 1 Co Claude Neon Inc common Nov 110 Mfg Yv":' High 325 65 17 ' Clarostat Low High - ;>;v:• W— • 1 Controller Co Clark 3% 115% 116% 11% • non-voting preferred Arkansas Power A Light $7 pfd City ft Suburban Homes Range Since January 1 Shares 64% 19 ft'ft • It 113/8 3 10% 10% • 110 109 110 lOf Low 64% 1 11 Mining Cities Service common Mar 8 Feb 3 Vo 3% Associated 7% 6% *1 1 Arkansas Natural Gas common Aro 5% Jan of Prices 9% • 1$ 4 * —• — City Auto Stamping Anglo-Iranian Oil Co Ltd— Amer dep rets ord reg Angostura-Wupperman —„ Apex-Elec Manufacturing Co Appalachian Elec Pwr 4Ya% pfd 6% 58 200 900 ft 5% —1 Common class A 43/4 6% 7% 1 — 4% 6 % % Mar 300 107 % 108 "—I prelerred— Oct for Week Range Par Cherry-Burrell common Chesebrough Mfg common Chicago Rivet ft Mach.— Chicago ft Southern Air Lines Voting trust ctfs 4 Feb 23/4 220 American Sale Price High Low American Seal-Kap common Superpower Corp common-. series preferred — Last New York Curb Exchange Sales Week's Thursday STOCKS— High Low Par H for Week of Prices Sale Price New York Curb Exchange NOVEMBER Sales Week's Last EXCHANGE CURB RANGE FOR WEEK ENDED STOCKS— Monday, November 14, 1949 FINANCIAL CHRONICLE & u 16,400 Jun 4 Feb 23 Oct Mar 173/4 20 ft 5% Feb 23 Feb A July % Jan , - f : ' 170 Volume & COMMERCIAL THE Number 4855 - CURB YORK NEW FINANCIAL RANGE FOR WEEK ENDED Week's Thursday Last STOCKS— Exchange New York Curb Par Pitt Fort Fox CMift 100 12% 600 6% x29 Oct -9% 32 Sep Jun 11 Sep Jan 1.000 ' 10% .1 (Geo ▲) 7% 15% • 15% Oct 14% Mar 200 15% 92% July 4% Jun 1 3% 3% 3% 1% Jun 22 Brewing 26% Jan 37 Oct 19% 400 15 Feb 19 % Nov 3% 2,406 2 Jun 3% 3,700 9% Feb 14% Oct 1 Jun lVa 9% Feb Sep Jan 19% 19% 3'A 3% 13% 13% 1% preferred series A— 8% General Genera] Fireproofing common Outdoor Adv 6% pfd General Phoenix 5% 6% 1 10 • • 8% 8% 70p 12 May 12% 12% 12% 100 10 Jun 12% 12% 10 7% 73/8 6 6 Apr 8 Jan Jun 7 Nov Laclede-Ohrlsty Company—— L'Alglon Apparel Inc Jun Oct Jun 42 Nov Jun 106 Nov L&key Foundry A Machine Lamson Oorp of Delaware 4% 4% 700 3% 2% 2% 2% 300 18 Gerlty-Mich Corp Gilbert (A C) Gilchrist 3% 3% 18 18 Vb Jan Jun 3,700 18 Glenmore Distilleries class B 1 10% 10% 10% 600 9% 8 21 21 21 Va 200 13% 1% /;• 300 Globe-Union ; Gonei (Adolf) Inc common Godchaux .Sugars class > Ine 1% ♦ B 31% Pacific Gulf States 6 ft H Jan Oct 53% 5% 82% Jun 11% Jun 8 Feb 13 100 9Va 500 100 11% 11% 11%. ■ 126% 132 39% pfd 39% Feb 128% Feb ,17% Oct 24% Jun 28 % Nov 11% 300 6 % Mar 11% 28 % Oct Oct Jan 27% Sep 21% Mar 26% 1 % 24 23% 2,000 * < — Sep 142 Jun 32 1,050 40% 28% 150 25% Sep 9 100 7% Jun 108% 108 120 9 108% Sep 109 Oct 14% Feb 13% Sep Nov 9 Feb 102 • Co Hartford Nov Public Hartford 100 46% 50 1 11% Haseltlne • 14% Hearn 8 Mining Oo Class i Service 8% % • 2 common preferred preferred 100 W w w Henry Holt & Oo common Hoe (R) • 1% 600 1% 400 1% % Feb 66% Feb 16% Marconi Feb 27% 10 13% 13% 13,000 13% July International 2% July 11% Nov 8% Mar 143/b 14% 400 11 Jan 18% Feb 600 6 Jun 8% Apr 7 6% xll3A 12 Vb Jun 12% Feb 8% July 10% Mar 157/e Oct ,8% 1,700 1534 25 200 11% 200 98 Va 50 12 Vb ' 12% Oct Jan 11% Jun 98% Oct Mar 9% 5% 1 9 Holly Stores Inc Holophane Co common • Border's 44% 45 45 74 39% 12% 13 13% 13% 13% Horn Jun 500 3 Humble Hurd • Inc common Oil A Refining A Mfg Co Refrigerator $2.28 pfd Common Huyler's 160% 160% 33% 33% 34 stock 18% • 6 80 79% ■ 7 Jan Aug 42% May Jun Feb 2%- Jan Oct 21 82 5% Feb 2% Feb Jun 8% Jan 19% Jun 21% 6% 50 100 100 10% v Oct Jan 3 Aug 18 Jan $1 conv pfd dividend shares Co common Co Co 7 VB common. 7% 7 Va . . 5% July 100 10% Jan Imperial Chemical Industries— 3% 19% 20 Vb — Xl2% 26,200 4% Feb Feb 20% Nov 20 3/4 3,700 14% Feb 20% Nov 12% xl2% 700 1T% Jan 13 Vb Oct 193/4 20 Registered Imperial Tobacco of Canada 20% Aug 13% -JB1 ;• Imperial Tobacco of Great Britain 8% pfd—100 Insurance Co of North America International Cigar Machinery International Hydro-Electric— Preferred 18 96% 96% • 133/4 65 14 62 14 12 Va May Jan 98% Sep 65% 750 98 Va Jun 119% Oct 300 115% 117% 116'A 80 220 97 Jan 88% A Ireland Indianapolis Pwr A Light 4% 10% Jan 14 Vb Nov 47 Jan G5% Nov ' $3.60 series 2,800 ' " L-* International Metal Industries A International Registered Petroleum coupon ■■■ shs_• shares • International Products 10 International Safety Razor B Royalty Iron Fireman Mfg vtc Irving Air Chute Investors Italian Superpower Corp com cl A - 8 8% — 2,000 200 23 % Jun 11 Jun 11% 1,400 8% Mar 1,700 1 Vb 14% i —- 14 Va 300 13% Aug 100 3% Mar Jan 5 1 5 % % * Jan 15% Jan 1% 1% 1% Mar 2% Apr 2% July 6 Jan Oct HOVb Jun 3% Mar 5 Vb • 1 1 Corp Monongahela Power Co— 4.40 ft cum pfd 4.80 ft cum pfd series B 107% 1$$ 1W 1 class A Montgomery Ward A Co class A——• Moody Investors partic pfd— • Morris Plan Corp of America 10c Mountain Producers 10 Mountain States Power common • Mountain States Tel A Tel —100 Mt Vernon-Woodberry Mills ■■--$ Murray Ohio Mfg Co • Muskegon Piston Ring common Muskogee Muter Va May Feb 6% Co % 1,700 common 1 Julian A 6% Apr Namm's 1% Jan National 1% Jun Feb 4% Oct 7 900 4% 7'/. Nov 3% 100 3% Aug 5% Jan Sep 4% Jan 18% July 20% Oo. Corp Inc common Bellas Hess common Fuel Jan K 1 1 —• 5% 31,300 2"% Sep Tft pfd.. .Iff 119 119% National Radiator Co National Rubber Machinery National Steel Car Ltd National Transit common. 50 117% Sep Kennedy's 12 Inc Key Co common. (Walter) 9% Jan May New Feb 15% Oct Nev 9% Jun 14 Oct A Co 12 9% 9% 9% 200 6% July 11% 11% 11% 200 9% Feb 127 New 12 y« Mar New New Kimberly-Clark 4%* Corp— preferred 102 102% 20 100 Sep 105 May Corp fngland Tel A Tel Clock A Watch Co convertible preferred Jersey Zinc Mexico A Arizona Land Park Mining Co Process Co common Haven 4 A ft Sep 9% (Herman) Neptune Meter common Nestle Le Mur Co common 400 Co 6% 54 Apr Nov Nov Jun 8'A Oct 300 6% Aug 9% Jan 1% 500 7/b May 8% 8% 400 ~7% 7% 7% 700 4% 5% May 6% July 10% 11 % 10,100 2% 4,600 1% Nov IIVb Nov 2% Sep Jun 50 10 10 Oct Feb 41 Feb 6Vb 2% 2% 9 Vb 83A Jun 29 % 11 1% May 9 Mar 10% May 25 Apr 24 24 24 100 18 July 10% 10% 11% 250 9 Jun 16% 3% 3% 500 3% Aug 43/a Jan X20 Vb 21% 1,400 *21% Nov 3% X20 Vtt 24% 600 25 1% 25 2 16% Jun May 19 25 Feb Nov 800 1% Oct 3 Vb Mar 7% 7% 1,500 6% Jun 7% Oct 29% Jun 33% Nov 10% 11% 2,800 7% Jun 11% Nov 32'A 3 2'A 7!/4 7% 7% 1,900 6% Jun $% Mar 2% 2%.: 2% 300 2% Jun 3Vs Mar 99% ;~7% n 93% 97% 104 2% 2% 176 ' 50 Jan 24 Feb 102 32% Sep Nov 100 86 July 99% Nov 104 % 300 98 May 104 Va Sep 2% 500 177 70 2% Apr 2% Aug 167% Mar 185% 8ep Nov 36% 4% X14 36% 50 30% Jun 37% 4% 4 VB 1,300 3% Jun 4V2 Sep 15% 3,100 10% Jun 15% Nov 32% 500 28% Sep Xl4 32% Feb 103% Jan 33 V2 25 8 8 25 8 40 250 300 95 July 17 Mar 25 Oct 24 102'A 103% Apr 30 Aug Jun 10 Vb Jan 10% July 13% Jan 7% 12% 12% 100 9% 9Va 200 7 500 Jun 12% Jan New 14 14 10 Jun 14% 3 Mar 5% Nov Jan 4% 4% 200 "3% '■'3% 4,300 23/4 Mar 4 3% 33% 510 36 Oct 33% 29'A Mar 34 Jan 35 Va Aug 34% 10% Aug 10 10 5,500 8% 7% 7% 500 6% Jun 10% 10% 100 9 Vb Jun IIVb Feb 7% 6,100 Jun Jan 7% 6% 10% 1 4 1$ • 1 8% 8% 8% 100 8% 8% 8% 600 30e 8 $ 1 100 1 20 28 1 1 * ~2% *2% 2% 2% 10% 6'A 53/4 Jun 7% May Jun 1,300 14% 2% 2% 19,600 2 Vb 12% 300 ~3 Jun July 10% common. National Pressure Cooker common 12% Kansas Gas A Electric Kawneer Kidde 4% Jan 8 Vb 14 Gas National Mfg A Stores Nelson . Jan 8 ~9% 21 preferred National Union Radio Kalser-Frazer Oorp 1,000 37/b 45 N Hacbman 3% Kokenge 20 1% Jan Jan 6% 7 Preference 300 7% 10 Ml 1% May 17 3% Jefferson Lake Sulphur Co.. Jim Brown Stores common 6% 8 7% National Malllnson Fabrics 300 1,500 ~i% -1$ common Company National 4% 4% 53 53 12% July 7ft 4 4% 4% 53 » National Breweries common jeannette Glass Co common. WOO 1%» Jan Sep 1% 12 93/4 Jun Jan 6% —_ 1% Sep Mining Corp of Canada • Minnesota Power A Light 5ft pfd_10# Missouri Public Service common • Oct 6 Vb 20 1% 10% 11 ? • „ 8% r; 7% . 7% - 6% 13 % 50c 80 common convertible preferred Monroe Loan Society com Amer dep rets registered Imperial OH (Canada) coupon Sep 1,700 1 Refineries Wohl Sep Sep 4,000 60s 10 Abrasive Midwest Piping A Supply 4% ft 33 7Ve • • common Oil , 13% 5 • common Monogram Pictures common Zinc 25% July Products— Steel Co Midwest Jun Corp Molybdenum Illinois 34 6% 1 t c $2 non-cum Mldvale Mid-West Feb 2 11% Midland Jan Nov common Corp Midland Oil Corp Miller 22% 300 2% 14% Jun 40 13% 1 2.80 • 1$ 1 Corp Co Hone West Jan Jun 16% 2% 17% 6% IN lit preferred Sep Jun 14% Jun 13 % 1 Bumper Class B Mar Feb 11% 100 Co Michigan Sugar Middle 2 +8 3,600 A Scott Corp— Michigan Steel Tube 7% Apr 1% 8 Co preferred Iron 3V» 4 • : 1 Participating preferred 8ft Nov * Metal Textile Corp common Michigan Sep 7Vb 900 1% 17% 4% Jun ........ A Mesabl 17 * B Co Warrants 6% ft Oct Feb 5% 1 A Chapman Mid-West 50 100 Mfg Oct 49 Jan Hygrade Food Products 14% Jun 2% Nov 34 111% Aug 43 1st conv preferred Hydro-Electric Securities 14% Jun 160% 100 7 /-v ? 2% 1 1 Sep 17% 68% 600 ■! Merritt Sep Jan 38 v 4% Middle States Petroleum class A ▼ t o_1 33 Oct 16% 300 A Co class Dredging Aug 4 Jun 30% '3,900 5% 49 49 warrants > 82 5% 5% • common 19 Menasco J'lD 13 % • Micromatic 133 30 1,100 $2.50 preferred (A G) 27% 300 1% I common Johnson Apr Apr 6% .10 1 McKee Apr 14% 2% McCord Corp 13% Feb 19% common Oct Jan 106% May 8 Lock Hussman Feb Jhd 13 2% Apr 39 150 31 100 (Harvey) 8% July 107/a 300 5% 5% .10 Jan 12% • common preferred Hubbell Oct Jan 6% .11 11 25 % 100 3'A 3% 30 3A 30% 18 Co Baking Oo Hardart A 8% Nov 14 Vb Marine Shovel— 9% Jun 7% • 9% 9 ' 1 Inc Horn A Hardart 28 Vb 31 1,200 12% 48% Feb 275 1,900 May • & Nov 114 10% Aug Oct 91 68 11 12% 11 98% 12% 98% 8 A) 933A 25 Mfg Co common convertible preferred. Mead 300 153/4 >10 A Co class A. (Geo Sep Nov 107 111% July 500 112 112 -1 Communication Co Ltd Marlon Power McWilliams 11% : xll% Hollinger Consolidated G M Hormel 1% Feb 77% Mapes Consolidated Mfg Co Jan 2% Jun 1% —100 w Sep 575 .1$ Mangel Stores common. Manlscheifitz (The B) Co_. Jan X50% 11% * common A Heller Co 4ft 25c 7 17% Mar Jun 1% 1% Jan > 10% Oct 6% Jun 44% 1% 1 Corp Dept Stores common Sep 12 1 common Rubinstein 7% Mar 10% 46% Brewing Oo Hathaway Bakeries Inc Helena 4% 10% 28 Harvard Hecla 400 5 8 Light Rayon 9% 6 Co Maine Oft 10% • Paper common Electric Jun 1,650 27% 112 McClanahan Oil Co common 5 I Bridge Oo Ltd Hammermlll Oct 7% M Feb H[ Hamilton 24% 26,900 90% 91% 10# Jun 92% 28 Vb 1 104 Oct 20% 103% 105% 12 • 100 — McAleer Lamp 13% May 10% 200 Co Massey Harris Hall Vb Mar 1,500 11'/a 24 • Macklntosh-Hemphlll Oct 128% 26 25% 100 Gypsum Lime A Alabastlne • 103% 70 133 39 ' 9 common—25o 400 Xl26% 125 132 —28 2 Paper Utilities $4.40 9 17 28% • Oct 58% 8% • 100 Brewery Apr Oct Apr 237/s 1$ ctfs of dep preferred A ctfs of dep preferred B ctfs of dep 7% 10% 24% May Jan 7 300 10% Feb Jan 5 58% 9% Tea— Products Chain 6% Mar Jun 19 Jan 6 Apr 500 20% 23 Jun Jan 49% Mar 8% Jan —* Lynch Corp Jan Jun Jun 5% 15% n% Louisiana Land A Exploration 1 Louisiana Power A Light $6 pfd——• Feb 80 Jun * Western Stores 7% 3% class A A A— class Common Jan 44% Non-voting common stock 7 ft 1st preferred Grocery Jan 32% Sep Jan % 6 Vb 900 25% 15 Va • Longlnes-Wlttnauer Watch Co Long Island Lighting Co— ^Va Mar 21 100 5,900 Steel Jan —50 Mfg common 10 Graham-Paige Motors 8 ft conv pfd—28 Grand Rapids Varnish 1 Gray Mfg Co —8 Griesedieck ""% 3,600 • Nov 43 Jun Sep 7% 10% Lone Star Gas Co. (Texas) Jan Jan 14% — common Groceterias 5% Jan 9 Inc Class B 11% Jun 1% 74% % 1 Gorham Northern 32 ""% 32 • Mfg Oo Great Atlantic ijoeiaw 21% Jun Jan 36 • 84.80 prior preferred Gorham Inc " 1 Goldfleld Consolidated Mines Goodman 21% Brothers Locke * Class Nov 16 Coal Alden ; ■ Jan 9% 100 Lit Jan 13 common (RG) Corp common Lipton (Thos J) Ino 6ft preferred—II 21 Gladding McBean A Co Glen 18% Realty Tourneau Jun 8% -6 Vb 20 20 Lionel 4% Aug 6% Sep 12% July 50 13 Oct Jun Le Mar 107 4 1,500 13 • Co 5% 17- 17 Lefcourt May 116 Jun 3% 600 .4 5% 5% • common 100 Jun 105 % —1 Yellowknife Gold Mines Giant Jan 95 *112% • • 1 preferred Jan Oct 3% 3,800 5 6% Lanston Monotype Machine La Salle Extension University— Feb 4 1% July Georgia Power $6 preferred \ 6% Jan 4% General Plywood Oorp common 50c General Public Service $6 preferred—* , 8% 13% 300 13% 5 Mines Ltd Lake Shore —1 Oorp Oct 14% Jan Jun 100 Oct Nov 8% Aug 23% Aug Feb 7"a 600 Feb 13% 7% % Oct 12% 24 Apr 6% 13 8 2.9% 200 42 106 - 18% 700 13 Oo 5% 5,200 106 40% 40% 106 100 7 8% ' 150 24 Sep 10 10% Mar 23% •7% *1 800 1% .16 General Electric Oo Ltd— Amer dep rets ord reg General Finance Oorp common 14 • (DEmll) Oo common (IB) Rubber Oo Krueger 200 Mar 3% Jun 2% 2,500 . 7 37 Feb 8 6b Vb 100 1 General Alloys Oo " General Builders Supply Oorp com 1 8 ft conv preferred 28 preferred Gellman Mfg Oo common 6 ft Jan 36% Knott Oorp common. Kob&cker Stores Gatlneau Power Oo common 3% iyB Klelnert High 6,400 x6 % Kirkland Lake G M Oo Ltd Klein Low 7 1 _1 — Range Since January 1 High 6% • •• 1 Kings County Lighting common 4 ft cumulative preferred King Seeley Oorp Kingston Produots EHf Petroleum Sep 23% Mar 50 11 x29 x29 14% Jun Oct Shares of Prices Low Par 12 8 Vb May 8 .80 preferred. Oo conv Fuller 10% for Week Range Last Sale Price High Low High Sales Week's Thursday STOCKS— 1 Franklin Simon A Oo Xne common • New York Curb Exchange Range Since January 1 Shares 11% 11% U for Week 10% .1.31 Brewing iPotor; Low 1 Oo Browing ' : EXCHANGE NOVEMBER Sales * Range of Prices Sale Price (1939)' 31 CHRONICLE 11% 9 Jan 8% Nov 18% 5% 90% 1 "5% "5% 200 90 91 220 1 3% Mar Sep 43/b 4 Vb 56 8'A 6% Feb 13 19 56 8% 1% Jan Oct Oct Aug 6% Sep 78% May 943A Oct 2% Jan 7% Jan 5% 1,400 1 Sep Sep 12% July 12 Jan % Sep 200 3 Mar 58% 1,400 61 Jun 67 Jan 8% 2,500 6 Feb 1% 500 1 Jun 11% 1% Apr 65 Apr 75 Jan '4% Apr 32 THE (1940) COMMERCIAL NEW YORK range for Thursday Week's STOCKS— Last New York Curb Exchange Sale Price Low N Y Auction N Y tc N Y Merchandise Y Shipbuilding H Co Honduras 5% Hower 15 105 102 100 1 w Nineteen Hundred Corp common North North Mines Central Northeast North Texas RR 103% 26"/b Nov Jan 12% Oct Bchuite Scovili Manufacturing Scullin Steel Nov 15% Nov 1,200 % 900 26% 700 v 28 12% ■ 12% 2% 1 Co 13 400 1 5:% Northrop Aircraft Inc Novadel-Agene Corp 5% 14 4 14 14% Seiby 15% Jan Selected 89 Feb Jan 107 Aug 5% Sep Jan 3% Apr 11% Jan 19 13% May Aug Ogden Corp Brass Power Oklahoma Old common Co class 4%% preferred Natural Polndexter 2% 2% 2% 2,800 4 41% 41% 42'% 100 common 100 Gas 111 15 Distillery 33 — — 12% 12% 1 15 15 600 15% Securities 1 15% 100 10 10 11% Feb Jun 106 % 800 100 2 32% 100 33 4 O'okiep Copper Co Ltd Amer shares Overseas 111 32% 1 Oliver United Filters class B Omar Inc 1% 100 1 "l% 1% 1 2% Jan X2% x2% 3% 2,500 2% Jun 37/a Jan 2% 3% 2% 5,600 1 Jun 2% 25 Feb 27% July 8% ' 11 9% Co common 1st pfd Sentinel B) Radio Corp common 12% Jun 22% Jan 6% Jun 11% Nov 5% % 1st preferred 1st preferred 1st pfcl 5% y/e r>' red 1st 1st Service 32% 32% 350 29% Apr 28% 29% 800 28% Nov 29 % nov Smith 28% 200 28% Nov 28 % Nov 28% 28% 28% 600 28% Nov 28 % Nov ISolar 105 % 425 100 % Pen Patchogue 100 com Pa tic an Peninsular $1.32 May July Nov Southwest 4 Jan Southern HI Knn lrafflc,Co Power Pep Boys (The; Pepperell Mfg Co Co Power Pratt & & !• Public -IIII America Nevada " CoforVdo— cumulative preferred & Co 100 Sep 29% Mar Jan 11 26% 32% Mar 3 Oct Sep 106% May 5% Mar 41% Jan Jan 4% Mar Speed Shoe opened Standard Brewing Co Standard Cap & Seal common Convertible Standard $1.60 convertible z'/b Jan July 11 Feb 16% Nov Nov 8% Jan 14 Jun Jun Jan 4% Jun 5% Aug 11 Jun 15% Jan 4% Jan 13% May 6% Sep 8% Jan 14% Apr 96 38 Jun 8% Feb Jun Feb 25% 26 7% Nov Mar 11% 600 1% Jun 200 7 Jun 8% 9% Sep 10% 95% Jan 104 125 94% Jan 13 200 11% Jun 101% Aug 21% Jan 13% 13% 50 9 Mar 14% Oct 7% 1,400 5 Jun 7% Nov 7%- 6% Stetson (J B) .100 98% 152% 99% 140 152% 152% 70 85% Jan 100% Oct 143% Apr 156 Sep Aug 15 Oct Manufacturing Reading Tube Corp class Regal Shoe Co Rels (Robert) & - Gas Rome Cable Corp Ryan 400 xl7% July 19% Jun Corp . x2% 19% 100 21% 100 2% 900 2% ~ ~_~5 H__io , 4,200 98 100 25 50 • 4%-". '4% 22% „ 8 x8 22% 7% , x8 23 . " 8% 8% 1,100 33. 4% Jun ~5% ~5% Feb 200 9 2% Jun Feb 14,900 1% Feb 3 1,100 1 % Feb 30 149 7% Jun 8 2,300 3% 147 16 % 28% 200 36 3 7% 112% Jan 7%' 500 4,300 5% July 2% Jan 4% Mar 19 May 10% 36 Jan Nov 3% 3% 150 Oct Sep 1 Oct 77/a Jan 4% Nov 4% 2% 100 2 Jan 3 Va 4% 1,300 2% Jan 4% Oct 79% 82% 120 67% Jan 82 % Nov 24 % 24% 150 19% Jun 11 11% 200 9% May 67/a 200 5% __ 82% 1 11 1 6% 1 % j 1 — Oct 300 % Mar >T% Aug 3% 900 14% 425 2% May 9% July 14%' Oct 2% 200 % Mar 18 Va 18% 100 10% 13% - 13% 13% 500 10% 4% ' 4 4% 17 100 17 4% 225 4% 2% 2% 2% Apr Feb 18% Nov Jan 13% Nov Oct 5% Apr 18 2% Jun 3 Jun II 14 700 18 Jan 27/a 7% 1 Oct Jan 2% 25c Inc 26% 15 s" 7% 3% 2% 4 % Jan Oct 13% 3% 14 Jan Aug . >1 Jan Mar T Technicolor Texas Inc F.»wer 81 Thew Snovel common common 4 Light 7% Co new Corporation pfd common Inc Roofing Inc Tobacco Realty 8 600 Construction Stocks dep rets ord regis dep rets def regis Shipyard Corp Royalty Corp common Lux pfd Temper 300 5% 2,500 8 5,100 Sep 17% Jan 8% July 13% Jan 15% Nov 300 15% 300 8% 1,200 13% 300 1 7% 14% 7% Trunz 8O0 13 1 7% July 1 preferred. 32 Oct 15% 128 Sep Feb 10% Jan 10% Jun 14 Oct Jan 80 3% 1 % 42% j 2% 101 a - 18 550 2% x39 Jun Jun Jun Oct 6% il Jan < Jan 2% Mar 60 1,300 1% Feb 175 102 Feb 91% Jan 102 TV Jun 1 3% Apr 4% Nov 43' n 1,600 3% • * IV 2% 4% 1,100 3 7,000 2% Feb 200 15% Jun 50 18% Nov 6,200 3-a Jun 7% Jan 87/a Jun 11% Jan 1% Apr 3% Oct 2% 18 - 7% 13 18%. ,■ 4 com Feb 8a 20 2% Inc convertible 11 Jan 52 13 £1 4 Tung-Sol Lamp Works Jan 10% 13% v 7% 7 "Va¬ 10% __ il % 400 Apr - », Nov Oct Nov 3 18% July 24% Jan Jan Jan Jan 21 % Jan 25% Jan 2% Jan 1% Jun 1% Apr U men Realization Corp Unexcelled Chemical Corp.. 2% Nov -l§fl H 400 Union Investment Co Jan 99 Nov Jun 27 Jan $3.75 pfd series A Union Stock Yards of Omaha 80s Oct United Chemicals U - 3 - U Oct 1% Jun 7% Jan Jan Jan 109 Aircraft 10% - 13% Aug 7% Nov Union Oil Co of California— 18% 3 11%-12% 500 92% 3 12% 2,000 6% .8 of Canada 89 8% May Feb ~5% 13 11 15 26 Mar Aug 5% 200 10% warrants Corp Oct 1% x67/s 6% May 14% luO Corp. Oct 5% 20% 5% 120 10% 1t)c Jan 4% 1,000 7% 30 4 Amer 23% May 1,700 • 1,900 Tobacco Security Trust Co Ltd— 26 7% 200 15% 14% True 56 30% 14% ' 15% Oct % Mar Jan 6,100 ' 5 19% 1% 30% 123% 123% 14% — 1 & Allied 8s 100 30% 25c common Markets • 1 3 4 ■ 1 __i % Oct 21% Jan 3% United 9% 1.25 wnmon page 1 • common 2% 9% 9% Jun 17% 35% - 1 *1 "*9% Jun 16 17 % 3% B common Tampa Electric Co Union Gas 25 25 5 100 4 Trans ' X2% 600 2% Jan 2% July 98 «• . common For footnotes see 12% 100 Aeronautical Co_ Consolidated Petroleum *■ 200 II 19% 5 Inc Russekg Fifth Ave Ryan ~3% 2,500 21% | Royalite Oil Co Ltd Ryertott 3% II Hi | common Rotary Electric Steel Co (The) Jun 21% July 16% Jun 6% Co— c _ Rowe 200 "6% .a HH t Jan "3% •% HHIIl Rochester Gas <fc Elec 4% pfd F Roeser & Pendleton Inc common Rolls Royce Ltd— Amer dep rets for ord. reg. Field 23 131 - Aug 8% 9 — ' 23 • v 15% 6% A 1 4 II Oct 52% Mar Co Grande Valley Roosevelt 125 tv % _• Rice-Stix Inc Corpi 19% 19% common Richmond Radiator <Texas 16,700 » Reliance Electric & Engineering Rio rfa ,* __lo preferred Jun Oct 2% Tonopah Mining of Nevada. * 1.T 1 Packing Co common Raymond Concrete Pile common. % 2% II 4 Corp Toledo Edison 4%% . Jan 17% 17% 4 com Finch Oil Corp TrI-Continental 10 Rath ♦3 convertible Raytheon ■jV 4% 300 1 • Amer R option warrants. Oct Jun 1 Ray Drug common Swan 3% "\i 8 .... — 17% 3% ""% J 0 Jan Feb 2% Mar 1 Toklan Aadio-Kelth-Orpheum Oct Jan Jan 39 — — Co common Stop & Shop Inc Stroock (S) ft Co Todd Railway & Light Securities— Voting common Railway & Utility Investment~Al Jun 13% 200 nov 13 % Quebee Power Co 26 100 2% 1 common (Hugo) Tishman preferred 700 16% 4 Sterling Aluminum Products Sterling Brewers Inc JSterling Engine Co Sterling Inc Stlnnes 6% 38% 1 Co July 2% Corp & 4 16% 1 (A) 100 38% 4 Stein 4% 2% Co Tiio 99 4% Jan 13 common 9% 3% July 36% 16% $7 preferred Standard Products Thorofare Oats Jun Jan l7/a 175* 7% Jun Jun Jan 100 4% — 1 Superior Portland Cenent, Superior Tool ft Die Co Jan . 10 Sun 8 xl03 % X104 13% May „._20 Corp Oct Nov 99% 100 g Jan 45 Standard Power & Light com Common class B Thor Quaker preferred Jan 9% ,9% 7% IHHIIHIo 18 Jan 1 common (Ky) 39 comlllll4 May 37 10 Corp 69% Xl03% 14 200 2.78 preferred Dredging Oct 1% 30 44% ' Feb 1% 16% 44% 6% 2% 25 • 54% 9% 16 __ 300 5 Stahl-Meyer Inc 2,050 % 16 10 9% • 58 8 100 600 Corp 56% • common Manufacturing Apr Jun Light— prior preferred Puget Sound Pulp & Timber Jan 7 10% 1 3% 32% 9% Sep 4,300 4 3% Nov 91% July • H Feb 27 3% . B 3% 23% May 15% 200 1.100 500 14% 10% 3 Oct 31% 25 Steel Co of Canada 10% Jan 9% 3% 1 Apr 700 Oct 1% % May 2% Jun Jan 32 % 5 2% 400 13 7/a 1 Royalty Co Queen Corp conv cl A Jun 9% 2% Southland 1% 34% 700 Southern Pipe Line 1.100 9 % 23% Jan 27 Apr Mar 1% 32% % 93 Jun 8% 2,900 26% 5% 47 1% • 13% Aug 25 % 12% 12.50 Standard Tube class B Starrett (Thel Corp 3 87 13 27 Jan Jun Standard-Thomson ajsq Feb 25 3 41 Jan 25 Oct 3% Feb Sep 1,300 244% Nov 3% 14% July 30% 24% 14% 220% 31% 11% _• 210 29% Sep 14% common 225 Apr ~2% Jaii 7% Jan 234 2% Mar 228% aMr 900 7% 7% 26% Mar 3% 7% Oct 28 800 common___J2.50 Apr 4% 27% Forgings 800 29% 1,200 500 Oil 5% May 6 5% 800 Standard 5% Oct 1,300 Standard 5% Jan 29% Apr 10 4% 28% Nov 1 I Oct Jun 31% 10% 900 19% 3% 100 29% 597/a 18% Jun 27 5% 1 preferred jV 17% ~3% 16 14% "3% 20 Jan 31 % cum 5 17% Jan Sep 11% 4.32% Jun Hl25<> common- Puget Sound Power Pyle-National Pyrene § 109% July 15 Jan 36% 50 " common luo% Mar Oct 80 Jun Jun 50 Erie 300 Oct 50 15 1% 16 67 Jan 28% 58 1 15% Oct 53 29% 300 3 500 18% 31% 800 A 63 3% 22% 25 5% 3 Oct Jun 19 % Aug Jun 10% Edison— 15% \ 62 1 Hue 18% Too of of 5 18% 62 1,000 25 shares Co inc Service 4%% 5 2,700 Oct 25 8% 1,100 2% 700 18% 4 preference 60% 16% 16% 1 common Lambert Metals 16% Feb preference conv 300 II 21% 18% 100 original preferred 1,550 % • Co Producers Corp of Prosperity Co class Providence Gas ♦5 500 11% preferred Jun 10% Jun cum 3 54 Jan 8% 100 Jan conv 4 10% 13% 4.48% Jun 100 Jun 4.56% Jan 1,000 3% 20% 18% 9% 1 Pipe 7/a 4.88% 1% 5 2% 20% 1 California 4% Jan 31,100 34% 5% Pa "9% £1 Coast Corp common Penn Oil common South 9% 2% 4 common Jan Jun Jun 200 Jan 100% 52% ~Erie~RRl Lake Jan South II % 8% U Jan 200 5 5 Oct 17 375 33% Jan 2 22 % 157/s 2% 34 3 4 Jun 24% Apr 104 % 105% 105 % 1 Alexander Prentice-Hall 2% > 10 % 1st preferred Pressed 11 52% common__H~ Corp of Canada 0% '150 11% 23% 10% 0 50 Hill Lake Jun 200 1,900 4 3% Jun 19 May 10% Aug 900 ; 46% IIH..20 common Scale & 100 common Metallurgical Pleasant Valley Wine Co 6% 27% il • (Mass). Pitney-Bowes Inc Polaris Mining 50 4% 46 2-50 Johnson Ltd .Amer Pioneer Gold Mines Ltd_ Piper Aircraft Corp Powdrell 55 4% 46% 250 3,300 __~i Pinchin Pneumatic 11 Va 4 . common Governor & 23. 10% 54 1 pfd Phillips Packing Co Bess 22% 10% 25 Co Perfect Circle Corp Pharis Tire & Rubber Pittsburgh Pittsburgh Pittsburgh 15,200 23 common Light 4%% Pierce 15,800 8 23 * Penn Gas & Elec class A common Penn Power «fc Philadelphia 3% • common preferred preferred Penn Water <fc 19 26 3% Oct 1 100 Corp 43 7% Oct 91 2% 4 common Manufacturing Feb IIIIHa Corp Boss Jan "5 "I _ Ltd cum Sonotone Mar 15 Hi ... Mills $1 cumulative Pennroad Nov 98 37% Aug 1% Jun 14% II"*"" & Reel Telephone 105% 23% 8 88% May 4 Manufacturing Co 4 3% 15 76 Publications— preferred (Howard) Paper Mills Jan Jan 50 4 3.90% Jun 94 "• Co Co Sep • I common Plymouth 105 105 33% 3% Jan 1,500 4 Solar Aircraft Co • preferred Parkersburg Rig Jan 28% Pancoastal Oil (CA) v t c Pantapec Oil (CA) Amer sh Paramount Motors Corp Parker 8% 36% Aug 25 Lighting $4.50 preferred Pacific Power & Light 5% pfd ♦1.30 32% Aug Feb 89% 4 Ltd Singer Manufacturing Co Singer Manufacturing Co Ltd— Amer dep rets ord regis Sioux City Gas & Elec Co— 32% Pacific Page-Hersey Tubes 2,900 16% 21% 4 25 common 28% 25 ... pfd series A Pacific Public 36% Oct 12% July 100 Corp of America class A 25 red 5% 35% 1% 21% 1 common Simmons-Boardman 17% 12,200 1 preferred 8herwin-Williams of Canada Sllex Co Apr Jun Jun ~3% 1 4% Breweries 2 Aug % ~2 % 1 Control Sherwin-Williams Shoe 15 2,200 72% May Inc Safety Sick's 1 200 1% 21% 1 Sep 500 16% 1% ~2% 4 Sep 6% July 36% 20 1% Jun 89% Shawinigan Water ft Power... 16% 5 Gas & Elec 6% Jan 16% £ Simplicity Pattern Can Jan 19% __23 Simpson's Ltd class B Paclfc 28% 10 1% 1 common $3 convertible preferred Pacific 20% July 300 15% 1% 1 Sheller Mfg Co Apr 700 400 J Sep Mar 14 24 15% certificates (R Oct 23% 15% S Nov 700 24 4 4 Sep 33 Jun Aug 11 112% 1% • Inc 27/a Mar 1% July 1% Jun 1 Nov 2% 44 1% 25t Bhattuck Denn Mining SOa B Jan Serrlck Corp class B Seton Leather common O Ohio Oct 11% stock Semier Sentry Ohio 21% Jun prior stock ♦5.50 Jan Jun ■4 Va * Industries Convertible 8% 14% Co Allotment 3% May 500 3,900 Corp General Jun July 3,200 6% common 2% 2% 8% 21% 6 Bros Inc Shoe •77/a 21 6 Segal Lock & Hardware 101% 700 Co Seeman Feb 8 21 common Oct 2,800 6 Inc Oct 130 82 Securities A) 43 400 3 f 105% 105% 105% Sep (D 43% 10% July 50 pfd-100 1 it Apr Apr Mar 1% • Oil % 10% 42 United Corp common Savoy Oil Inc (Del) fiayre & Fisher Brick Co Nov 9 Apr 42 ihgh 1 20U Jan 13 1 common Samson 7% 40% Low 49 Nov 8% 40 Ltd Nov 400 40% Corp preferred 106% 4,700 1 40 conv Nov 15% Bait Dome Oil Co 10% 4 Securities Northern Indiana Pub Serv 5% Jan Lawrence 1st Apr 15% 9% 4 Utility 20 94% Mar 1,600 15 15 7% 2.1UO ♦ class A Rayon Airlines Penn Jun Jan 12 Range Since January 1 High Feb 92% 26% Low Shares Aug 13% 150 ilin 9% * common American 32 Jun 15% 1,100 26% 9 American Feb 78,800 102% 11% fl Class B Par Sales for Week of Fi ices Jan 26% 400 106 4 Corp common Niles-Bement-Pona 15% 102 100 preferred 17% 14% 1 16% 16% common Niagara Mohawk Power cl A North 200 34 » Range Sale l'rice High 8% St «4®gara tohare Nlplssmg High Week's Last New York Curb Exchange 10 1 1st preferred 2d Thursday ■ Corp— Pounders shares; Niagara Hudson 33 33 11 STOCKS—' Low —10 — Monday, November 14, 1949 EXCHANGE ended november Range Since January J 7% Aug 10 Rosarlo CURB week CHRONICLE Sales Snares 4 common— FINANCIAL for Week Range 01 Prices Par & 5% Aug 6"% Jun 5% Apr United Corp United Elastic Corp. Sep United Light ft Railways 1 8% Oct United Milk 2% 1,100 10 % Feb 6% Jan Jan 8 Nov warrants Products .% Jun May 100 Sep 62 % Oct 3% Jan 40 Aug common 22,600 % Jun X32% 75c participating preferred United Molasses Co Ltd— Amer 1% 32 4 R% Jun 53% May 2% 4 Feb 4% July 3% com common 8% 37 3s/« Aug Products x32% 38 100 ?5% Jun 34 33% 33% 34 20.300 21 Feb 34 Nov 7% May 15% Jun 10% Jan 21 Mar 3% Aug 4% Feb 246% Feb 4 dep rets ord regis. United N.I RR ft Canal .100 237 237% 60 237 Oct TV Jan Oct FOR WEEK ENDED RANGE Thursday Last STOCKS— Low United 46% 60 9% 10% United Specialities S 9% 1 common CJ S Air Conditioning Corp U S Foil Co class B_, S 1 % 1 % 1 13 Mi 10c 13% 52% Jan Jan 41% Aug Jun Reclaiming Co Insurance Utah Oil & 1,400 Feb 3% Oct 1,025 Jun 86% Nov 800 3% Jun 6V8 Jan 1% 200 1 Jun 1% Jan Milwaukee Jan New England 2% 73 2% 900 1% 44 1% 100 35% Aug Feb Aug 27% 27 27 Nov 50 27 21% Jun 3% • 3% 700 2 Feb 3% 400 21 Jan y24% Sep Power Piedmont A 6 Valspar Corp common II 4% Venezuela Syndicate 200 4% Jun 4 6% 64'/„ 65 40 61'% Sep 71 27% 28 300 25'% Jun 3% Jun 5% 1% May 10% Aug 3% Nov 5 4% ... 1,400 . 3% 3% 3% 800 13% 13'% 13'% 100 Apr 3'As mtge Oct Jan Elec i • Baking voting trust ctfs ext_* preferred 100 1% $2 —•' 1% Aug Watch 9% 9'A 9% v 1% 1% w 10% 10% 11% 250 1 1% 1 ,1 % 4 Aircraft Corp 1 Wentworth Manufacturing West Utilities Texas $6 preferred Western Maryland Ry 1% Tablet Western & Wichita IWm) 6% Wickes (The) Williams Corp (R C) Wilson Brothers Winnipeg Elec w Petroleum Woodley Woolworth 6% W) (F American 34% 4% ,, '■ 2% 7% 7 __' Edison 5s 22 May 3'A Jun 9 8 8% July 2% Apr Oct 5 100 Jun 23% 15% Mar j,A Feb Apr 33 13% 2,100 104% Mar. ■: Jun 8% Jun 13% ij 10 V. Aug 14 Jun 8% 1970 2Tft or Thursday's Bid & Asked High Bonds 105% 100 % 106 % 106 % 1 105% 106% 106 104 165 100% 104% 108% 160% 106% 106% 4163% 166 104% 1940 1 1947 107 $87 . 76'A 90 123 , 95'% 130 74% 63 77 45 45 18% 52 45 46 18 52 60% 30 60 60 28% 52 $71 A-O J-J A-O 46 Washington Water Power $53 $25 Hotel— 91 M-S —1954 debs income A5s $25 1950 1950 coupon Waldorf-Astoria $58 1953 coupon "> J-D 1960 J-D 120 1959 F-A 82'% 91 97 107% 106% 108 120 120 118% 120% 103 103 100% 103 $107 1964 3%s West Penn Traction 5s Western 103 Union— Newspaper 6s conv s f debentures (Bait) 89% 14 88% 91'% 1 104% 102% 104% M-S 105% 105% 106 21 105% 107% 98% 100 463 1954 99% 87 104% 4105% 106% 4s ser A A 1st mtge 4s ser B 1993 1993 1965 J-J 105 111% 4111% 107% 1956 39% 39% 11 32% 48% 4 96% 100% 118 116 1 118 454 M-S 63% 40 100% 100% 100% 49 13 GO 33 52% 55% 99% 4100 J-J 19e3 & Western RR— (coupon on)— Ex-coupon market International Power Sec— 452% M-S 1950 J-D 65 102% 102% 103% 103% 103% 103% 43% 1958 -~443% * reduced series C (Dec l 1641 coup) 40 % 43% to . 45 37% 46'% 41% 49% 34 34 61% 80 3 26'% 32'% 97 15'% 19 Va 24% 30 U-N J-D $40 M-N $47% „ $47 '/a A-O — J-D $35% ™ J-D $73 76 J-J r' 2Vis Government 6%s 1997 2012 1919 32'% 19 J-J J-D 22 J% 18% 19 $30 32 M-S 2'A 2 2'A 42 2 3% J-J 1921 nar 2 2 2% 3 2 3% 40 81 17 31% 5 32 '/a 31% 81 79 82 5 37 82 tlve- 80 18 32 80 "w 82 .1952 79 Slock and Bond Averages closing averages of representative stocks and bonds the New York Stock Exchange as compiled by -Bonds— 20 15 Rail¬ Util¬ trials roads ities 49.50 39.35 68.30 49.24 39.16 68.06 SReported in 10 used above—"cod," certificates of "conv," convertible; i," when Issued; "M," mortgage; "n-v," "w w," with First Second Grade Grade Util¬ (35 Stocks) / Rails ities Bonds 102.86 103.73 85.84 105.66 99.52 102.81 103.61 85.82 105.71 National Quotation Bureau, Inc. 99.49 10 Total Date— . . Range for 1949 Closing Nov. 9 - Election Day Election Day High 34.38 Nov 9 7 34.27 Low 27.79 Jun 15 8_. 9 Nov. — — 34.24 Nov. 190.89 8 trials 5 Nov." 5 7 Nov. Stocks Nov.. Nov. 191.37 65 10 Nov, 11 Closed . 48.65 39.19 67.82 102.88 103.64 >86.03 105.70 34.38 — 34.35 High Closed Low 99.56 190.42 48.30 39.12 67.65 102.81 103.86 86.13 105.75 99.64 11 Armistice Day — Armistice Day Range for 1948 — - 190.60 "cum," enmula^ trust ctrtilicbtes, Over-the-Counter Industrial Stock Average 40 Rails deposit; "cons," consolidated; non-voting stock; "vtc," voting warrants; "x w," without warrants. 10 .10 transacted during current week. receivership. Abbreviations Compiled by Indus- ; Total 80 Indus¬ prices; no sales being si* being traded flat. •> Dow, Jones & Co. -Stocks- dividend. 77 16 77 81 70% 7-3 included n $Thursday's bid and asked 46 32% 77 79 value Odd^ot transaction principal 80 % .1952 Below are the daily 33% 58 8 45 81 74 % .1957 coupon) 24% a Deferred delivery transaction (not Included In year's range), d Jjfc-interest. (not in year's range), f Ex-distribution, g Ex-stock div. h ExUnder-the-rule transaction (not included In year's range), r Transaction for c (not included in year's range). x Ex-dividend, y Ex-rights, z Ex-liquidating ,Nn e 75 F-A .1957 series F 15% 32'A $31 1972 A5'%S 75 .1955 coupon) 12% 13% 1947 1947 1931 (ser A B C A Bonds series E 82 6% 16 1951 D E) stamped (Plan A) Interest reduced to 2% 81 J-D .1955 A6%s 83% $13% 2008 stamped (Plan A) Is to 2%s 54 Guantanamo A t.70.% 425 1953 .1961 Mountain Power 3%s ■ $7 Rio de Janeiro 118'A Residential Mtge Bank— Grand Trunk Western Ry 4s™ *** •\70 H' M-S (Republic of) — Peru ARusslan stamped ■ 78% " J.J 1952 7s stamped Bank of Bogota— A7s (issue of May 1927) A7s (issue of Oct 1927) AMortga'ge Bank of Chile 6s Mortgage Bank of Denmark 5s Interest A6%s ex Nov l 1947 coupon 71% 46'% } 79% $76 $75 . ALima Parana 5s 717A 37% 112% 55% 54 54% 1940 coupon,. 1953 Nov. High 3 42% 42% F-A Mortgage Marelli Elec Mfg Co—,, No v. Jan. I Low $70 M-N : 106% 105% 102 % 106% 106% May Eastern Gas & Fuel 3%s Nov. Danzig Port & Waterways— AExternal 6'%s stamped 100 99 % 4104% 106 M-N 1st mtge io.,—— J-J Range Since Sold No. High $70 J-D City (Peru) 6'%s stamped.1958 Maranhao stamped (Plan A) Interest reduced to 2'As 2008 99% 105 105 A-O Nov. Bonds Thursday's Bid & Asked A-O 1955 1953 5%s AMedellin mtge 4%s Delaware Lack & Western RR— Lackawanna of N J Division— Date- or 107% 5 89% — Gen (July 1941 Sale Price Bank External (Bait City)— 1941 Week's Range Last Period. Municipal Loan— Cons External 104% 104% A-O & RR Interest Exchange (Col) — A20-year 7a April 1940 A 20-year 7s Jan 1947 Bogota (see Mortgage Bank of) ACauca Valley 7s 1948 Agricultural Mortgage 103% M-N — A6'%s with Nov 1 Thursday New York Curb 108% 1969 — Lt & Pwr Foreign Governments & Municipalities 89% "103% 103% 1962 on 1 Dec ex 92'% 103% 1981 listed A7s 83 J-J A7s 104% $125% 135 1946 1 1947 coupon Service Co— A7s with Dec 55 A-O 1976 A 78 $106% 107 1940 ; i\ <108% 89% J-J (Aug Electric 101% 103% J-D A7s 102 — Corp— A6%s ex Aug United 107 102 M-S 1969 A 7s 99% 109 1966 1977 r 104 Low 1958 3s .iA6%s $102 U-N A-O < , BONDS J-J 1st ref 2%s series R -' 105 106% 1960 Industries— stamped '2nd High 1978 2%s conv debs , 106'% 104 c 103 7A Hydro-Elcctric Co— A6%s with Aug 1 1940 coupon—1953 Danish 1st ref mtge 2%s ser Q ■' 105% 106 F-A 1989 1950 trust Jan. 1 Low No. 10 M-S ref mtge 3s ser P ser 4 106% 196% $104 $103 Range Since Sold 108% 108% J-J .1954 Jan Debenture 6s 106'A Week's Range J-D 1948 5s„, Green 106'% (Hugo) Apr Corp— ___ Debenture 6s 101'% 114 103% „ 105'A 105'A Nov ltt Jan 5,500 > 108% Q-F Debenture 5s Finland lOO'/a 109'% 20 $101% 102'% $109% 105'A - Cities Service 5s Ercole 161% 105 Jan x6% A 100 8 "2% "2 A J-D ™_,. Electric Elmlra Water Lt 105% Terni Oct 98 Last 1998 2%s. Gas 148% 101'/a 160% 161% $105 J-J 1970 3'As Elec & 5s inc 5s 3rd stamped A7-4s Jan 13 400 Gas Corp (Hugo) Stinnes v Apr 11 32 Sale Price 1960 _ 3%s revenue ser of 1947 Consolidated 55 — -1971 collateral A7-4s Jan Feb xl3 (Calif) Gas mtge 3s Stinnes May 7 'imiif I'eiiod 6s debentures Gas El ; Sep 19 Chicago Transit Authority— 1st Counties Oct 16 Jun 2 15% July 150 Interest • Exchange debentures Ccnsol Southern 5s Jun Canada— of C™ States 26 60 Jan 400 J-J 5s Feb 36 5% 4% 8 ™ 1964 •5'%s 26 Jun 14 ,,-A' "*2 JV * City Electric 3%s Central 155 Jun 100 - 13% 12% Atlantic Edison 161% M-S J-J F-A A-O 1965 ' 3s 3'As Gas California :■ Apr! a Jun 200 \ ■ xl3 J-D Boston 8% . 27 % 100 31% 1970 Steel 107 ' v; _„V; Appalachian Elec Power 3 Vis series Apr 21% 100 16% Low Telephone 1% Sep Feb 100 15'% Thursday 5s 99'A 107 105% £1 BOND S ; Bell 106% 93 105% Ltd— deposit receipts New York Curb Bethlehem A 108 103 106 $106% 107% M-S 1973 1970 AStarrett 115% • - 4% 8 preference.,™™™ -" . 106 % 105% 15 198 106 IL-N 1952 6s B_„ 1973 Southwestern Jan 50; 13% ,. 32 2 Wright Hargreaves Ltd : 105% 104% J105% 106 A-O 1952 A series Spalding (AG) 112 '' 800 6 13% pfd_™™100 common 65 103% * J-J 3s_1981 California 1st 1'% July 4% Oct 20'% Mar 22 7% ♦ common ™ 16% jU, ■ 1 Wisconsin Pwr & Lt 4%% Woodall Industries Inc ' 2% 25 ; Feb :. 6'% May ■Vv'r , 15% 16% ■ common preferred w 5% V; __ * & Co "• 138 Products Inc— Willson 57 1 3 . 105% 103 106 J-J 1998 debs Southern Oct Nov % July ' 32 1 1 103% Jan 11% 1 W'-'. __ 10 5 Corp 109% 100 $25 ref M 3s ser B Mar 2% 2% 1,200 22 33 _10 & Co 111 I® May 6'% Jun ■ . — 20 Oil >■; - * com Inc River 4% '-7'z 1st pfd__100 Stationery Weyenberg Shoe Mfg Whitman i — * Westmoreland Coal Westmoreland % 1.25 . Jan 6,600 2,250 i ' — Baking Co warrants Warner 9% 1,200 4% t c Apr 7% July 108% Sep 1,000 1% 30 Co 1% •• l preferred cum Ward 46;. 108 % 60% 60% $105'A 106 $55 Joaquin Lt & Pow 1st & - Waltliam 21 1* 4 — 105% 105% 105% 1960 3 VaS > Wagner Waitt & Bond Inc 22 103% 103% 103% Co— Gas & Southern Co 52% Co— coupon Safe Harbor Water Power Corp W Aircraft 46 +108% 109 1940 coupon__1960 1947 1 Queens Borough Gas & Electric— 5%s series A San Waco 87% 27% ™ Oct ,13% . -20C Inc Manuafcturing -,j Hydro-Electric ex 50-year 34 'A Mar 1st Service Public Jan 64% 27% Petroleum Venezuelan Vogt 5 to Light 4%s %s with Oct 1 A6%s S4 convertible preferred Vanadium-Alloys Steel Co 4% Power 3'As GO 38% 45% J-J J-J F-A A-O A-O J-J J-D Ohio Oct 23'A —— 3%S. A-O M-S M-N at Gas High 62 9 $25 1963 .,1969 1950 We 1968 1st mtge 3s 1971 Park Lexington 1st mtge 3s 1964 Pennsylvania Water & Power 3%s_1964 3%s 1970 Oct 23 % 3 % 5 coupon 1963 1967 1961 Extended 86% 50% July 24 1% 44 1947 1 +55 1952 1952 coupon McCord Corp deb 4%s Midland Valley RR— 4% 1% 10 common Light common Nov Superpower 3% 10 Sugar Power ex Altallan Jan. 1 Low 0. Co— 1940 1 Kansas Power & Light 86% 4'% 10 Universal Products Co Utah-Idaho 86 50c Consolidated Jan 16 V4 May 4% 1 Universal A7s Oct 1% 12% Mar l'/4 1 Universal 10% % July 600 with Nov 3% • common United Stores Corp com 1,300 %• Isarco Hydro-Electric 86 '% J-J ctfs escrow A7s Range Since Sold High Co— Power A Debenture 85% • ^nd International Securities™ 1st preferred with warrants- U S Rubber 300 14 . ——.1 —^ Radiator $5 42% May 4,150 S9% Interstate Apr Jan 6% 44 39% 1% 7V4 37 V2 46% 39% Jun Aug Bonds Bid & Asked High '% 25 Shoe Preferred Week's Range of Thursday's . LOW 4% 25c 10 Machinery common—-25 preferred United U Low High. Last Sale Price Period New York Curb Exchange Range Since January 1 Profit Sharing com 10% U Thursday Interest BONDS Shares 33. 11 for Week of Prices Par NOVEMBER Sales Range Sale Price Exchange New York Curb Week's (1941) EXCHANGE CURB YORK NEW CHRONICLE FINANCIAL & COMMERCIAL THE Number 4855 170 Volume — 37.83 Jun 10 ,—™ 32.37 Dec 29 34 (1942) THE COMMERCIAL Transactions at the New York Stock & FINANCIAL ^CHRONICLE Transactions at the New York Curb Exchange Exchange Daily, Weekly and Yearly Stocks Railroad Number of and Miscel. Week Ended Nov. 11, 1949 Saturday Monday Shares Foreign * 2,976,000 Government Bond Bonds — 401,000 $1,316,000 1,000 4,365,000 Tuesday. iw-w, 3,212,300 3,817,000 £,872,300 Wednesday Thursday Friday 340,000 Saturday:. 1 4,316,410 $10,789,300 $1,480,000 . $7,000 - : . Monday Holiday Total L—JJLLk--- : 1949 7,468,980 37,000" ; 282,163 — —i—,— Foreign — Stocks—No. of shares Total ——T-i 1,480,000 1,267,500 79,261,270 $8^4,000 $161,000 16,941,000 590,380,900 $12,276,300 $18,255,500 $671,005,670 $899,178,840 OTHER STOCK Week's ://"■ V Pur American Agricultural American Sugar Chemical * Refining ——100 American Tel Tel & American Woolen —— Anaconda Copper * 50 100 Boston & Albany RR Edison Boston 24% 40% Stamped — 19 3,043 210 High 34% Mar 46% 32% Mar 138 Common stamped 150% Jan 7% prior preferred class A cl Boston stamped Personal Feb Crane Co common Jun 35 Jan 100 Apr 120 Jan Dodge Mfg Corp common L Domestic Credit Corp class A Eddy Paper Corp (The) 22% Jun 38% 2,528 40 July 46 Oct 14% 14% 380 12 Aug 19% Jan 2% Jan Flour 2 2 v— 65 1% Jun 32 32 32 Simons 275 29 % July 19% 19 Fox 4% 13 3% Jun 6 Jan General Brewing common Candy class A 19% 300 19 % Nov General Finance 4 98 14% July 3% Jun 37.76 20 31% 65% 267 —* 11% 11% 11% 20 3 5% Jan Feb 37.76 Nov 38% July 8% Jun 65% Oct % Jan 12 i Lines SS General Gibson National Inc General General Co Mathleson Chemical N New (N H) Stop & Shop United 6% Inc.. Oct May Hein 37 Oct Hibb 67% Sep Illinois 49.55 49.56 12 42.20 Jun 49.56 Nov Indep Pneum Tool 38% 39% 1,152 33% Jun 40% Jan Indiana 32% 34% 228 23% 11% 11% 75c 7&C 49"% 50% — 38% __ 11% * — — 15 10% __ , 1 Acme Steel Co '■ 15 130 125 1,800 > 97 14% 40 13 876 4 50 1% 110 5 95 127 19% 34% July 42% Sep La 46 59 Sep Lealh Jun Aetna Ball Allied Laboratories & Asbestos 1 Co Mfg * common Ext 8c Co Co Automatic Avco Univ 8% Jan 10% Nov 94% 9% Oct Middle Jan Miller 5% Jun 22c Oct 96 Aug 13% Nov 45c Jun 11 1% Jun Jun Jan 53/4 Apr Nov 35% 52 52% 2,768 1,150 443/a Jun 54% Mar 52% Jan 18% Oct 36 % Nov 44 __ 39% 39% 10 33 % 34% 270 31% 43% Jan x28% 28% 993 2Q3/4 May 29% Oct 42% May 38% May Aug 40% . $1 Field 8c Co West Corp Hart & Mfg Co Aviation common * Week's Oct Range for Week of Prices Shares Low 45% 45% Burd Piston Ring National Oak High Low 100 45% 37% High Jun 6% 1% 20 100 18,' Oct 46% Oct 20% Aug 29% 1,600 15% Feb 29% 5% 300 4% Jun 6% 7 22% - 23 900 800 145% 146% 6% 1% 1,100 6% 700 5% 6% Sep 17% May Nov 10% 23 Nov 150% Jan 5 Jun 7% Jan Apr Aug 5% 1% 200 1 4% 200 2 50 5% 5% 6 1% Aug Jan 1% Jun 2% Jan 5 Jun 7% Jan 15% Feb Carr-Consol Illinois Central 111 common.. Light com Corp Convertible preferred 11 Jun 27 Jun common 1 footnnte* 5 13 Parker Pen Peabody 5% 5 Co Coal 5i#>e nog© 5 14 % 14% 1,700 10% July 14% Nov 11% 11% 650 8% Mar 50 1 5% 13 300 100 Penn Elec Peoples Lt Gas Co Jan 73 Oct Nov Jun Jun 9% Jun 333A Jan 15 Oct 17 Jan 18 Sep Jan Oct 4% * 34% Mar Jun 73/4 Jan Jun 10 & Bend Lathe Stewart-Warner Sundstrand Swift & capital Trane Co ; ' * Co 13% (The) U S Steel Feb 6% 10 8% Oct 15 S/8 Feb 7% Mar Jun 14 July 63A Nov Jun 8 3/a Sep xl4% July 21% Nov 24 Jan 19% Apr 450 2% 1,400 13/4 4% 9% July Nov 2% 50 10 220 3 Stores Wisconsin Woodall 10" 26 Jun Mar 25% 250 24 Oct 313/4 Jan X25% " 26% 200 22% Feb 26% 9% 1,150 6% Jun 10% Oct Jun 233/4 23 26 ' 23 50 6% "7 6% 6% 16% 20 534 Aug 1,200 100 15 300 14 14% 1,400 14 Nov 17% 100 106 Aug 115% Nov 6% 6% 26% 200 41% 42% 1,000 11 11% 300 23% 23% 100 11% 11% 600 23 233/4 1,000 5% Yates-American Sep 200 4% 19 Jun 9 150 26% 15% % 15 Feb 6% 22% Aug 29% , 41% 23% 23 .5% cum American Radiator Anaconda Jan 17 17 43% oct:J 13% Jan 22 Apr 28% Jan 10% Jun 13% "Apr 19 Jun 24%' Sep *! Jan i! :; 6% 4% Aug 13% July 100 21% 300 Jun 10 500 36% Feb 453/4 Nov Jun 14% May Sep 123/J, 123/8 100 9% :7% 7% 700 5 15% 153/4 "9% •..9% ' 10 10 50 133/4 Jun 15% Jun .11% Jan 27% Jun 33% NOV Feb -65% Nov 83/4 July 20 May L*3% Jan 33% 63% 10% 10% ?6% 27% '40% 40% 13% 13% 24% 25% 27% 27% 83 83 11% 11% 750 12% 12%- 150 800 27% • . * 24% 12% prior T pref__* 83*. "11% • 2 s capital- , 200 " e 49% '100 > 450 ' I' ' H , 34 Jun 10% Jun 14% Nov 3,800 20 V* Jun 25% Oct 100 20% Jun 29% Oct 5 Inc 13% Jun 17% Feb Armco 8teel Corp Atchison Topeka & Santa Fe fi% .Tun 9% Jan Bethlehem 2 Feb Oct 2% Oct Pacific common Ry Co 150 11% Oct Certaln-teed Products Columbia Gas System Inc Continental Motors 1,900 47,900 10% Jun 13% Oct Curtiss-Wright 1/256 Nov 1/128 Nov Farnsworth 9% Nov 13% Jan General Jan 18% com Copper Mining capital 50 34% .150 9% 9% • 14% 143/s Radio Co 1,100 73% July "10% 83 Jun 9 Jun 12 ♦«■ !; .;, Nov t Oct ■ - - * 13 % 9% Nov 16-v,, Oct July 50 —10 Jun 3% . ,. Oct ,«10% July Jun 29/ 900 25% Jun 27% 28 % 27%' 700 30% 700 23% Jun 33% 29% 25 14% 14% • 700 10% Jun 15 Sep Jun 14% Oct Jun 11% Apr 1 II % 5% 11% 400 10., ;5% 5% 800 7% • 7% 400 5% 7% I 38% 38% Jan 35 Jan 600 Jun May.. 27% Nov 103% Jan Jun 8% i Jan Jan 9% Apr Mav 7% Jan 34% Jun 39% Jan 1 38% ; Jan 14% 19% 86. 29% 143/4 ' 100 • Feb 7% 10 -9% 28% —* 1 2% 500 ■- * • Tele & Electric new 100 ' 1 8c St San 100 Oct 13% ,13% '"33 1 Lines 8% % Mar : » 1J V 17% Canadian 5 . ; ' 200 . ; i 27% Aug, 413/4 Jan 1,700 . :■' Nov 6% 62% 62% . Mar 1,750 :• 32% 10 common ! Jan 8% 7 7% 1 i —2 capital : • Jan 8% 25 — 8% % Mar Jan Jun 8% 45% 25 17% 4 ' Jun 34 Stocks— Steel •. Oct';" .8% common^—_5 ' Corp Air Nov X44% 5 stock Mach Jan Unlisted Jan —25 common , Jan 115JA 115% . • capital—5 (new), Inc Jan 16% 13% 14 < Jan 8 16% — —— i Nov 9% 9% 1 common Bankshares Industries 22 12 Jan 43/1 Mar 59 Jan 6% July Sep Jan 14 % May 100 11 Oct 3% 52% 47% Oct 13 jun 2,200 11 3 Sen 283/4 Jun 53/8 52% Nov Jun 6% 10 113/4 7 5 11 3 • Westinghouse Elec & Mfg Jun 125 11% 2% - 5 Jan 5 Jun 23 300 5* common 14% 9% 2% Jan 2 Union Carbide & Carbon United Air Lines Inc 100 9% 21 ¥4 11 * capital— common 17% gi/4 Jan 100 21% 2% • — 17% . 18% 9% * ^ Alleghany 17% Sep Jun 13 200 -1 common (The). Corp American 123/4 12% 1/256 1/128 13 I Texas Thor Oct 12% 53 Jun 600 21 .00 common Mach .Tool Co Oct 18 Nov Apr 100 - 21 .50 cap common Corp Noy ~~ 6% 14 '7% : / 7% 73/4 —V v .10 Container Corp common—Storkline Furniture common 56 33% Nov 7% 600 21 3/4 .'"V 25-; Stone 55% 100 , 25 Works Ind of 11% 400 Mar 22 300 21 _5 common Oil Apr 2% 63/4 ■ 14 : • * Feb 34 •M.W • capital Corp Mar 2% ' . • Prod 9 34 - . 1 40 400 ' - II- common Co 43 3% 22 Feb 37 2,600 73/8 13 Oct .Tan 15% 300 ' v 12% IP 10 28 7% 123/4 0 • ■ ; - Roebuck 100 3 27% — — > Sangamo Elec Co 200 3% 5 7% 1 common— 500 350 7 12% -10 Coke & (The) 52 8% 7 27% -5 Pennsylvania RR capital Potter 55 8 100 "1,400 !5 • Switch class A 11% 8 22 22 7 -1 common 52 11% 22 21% 21% II common Co 54% 1/256 common 11% 14% —7/7 common prior preferred 55 a—1 * 11% 300 vtc common Standard 11% _* — Cherry Burrell Corp For wd common Rights 100 200 10 Secur Central 8c S W 12% 33% ,—12% Biscuit Central 12% 33% 2% Burton-Dixie Corp Butler Bros common 11% Jan 1 Jun 2% 1,300 Nov 138% 2 % 1 83/4 15 « Bancorp common Manufacturing common Spiegel Inc 5% 6% 5 common 100 ' 4% * 15 14% Northwest Standard 20 5% 1 Bruce Co (EL) common.— Nov 6 500 14% ..5 prior preferred—: South Range Since January 1 28% 29 1 Brach 8c Sons (EJ.) capital 24% . Sinclair Oil Corp 2 % 10 n 12% v.. 52 11,300 73/4- 550 common Society Brand Clothes Sales 5 Berghoff Brewing Corp Blnks Mfg Co capital ; Borg (George W) Corp Borg-Warner Corp common 100 73 • capital Inc Signode Steel Strap 10 — 33% 15 Montgomery Ward & Co. Wieboldt Belden Bendlx Nov 250 Monroe Chemical Co common——-— Jan 46% 3 Mfg Corp.. 6 3/4 Jan Feb 19% , Feb 29% Jan 7 4% Aug 12% Mar 173/4 3% Aug 76c Jan 108 Nov 7. 4 common: Jun 5% "1,200 12 Mickelberry's Food Prod Apr 79 3 Washer Jan 33% 1 Marshall 25% 23 1 common Athey Products Corp capital 14% 10 50 63/4 7% _♦ common— Jan 15 27% Salle 153/4 125 146 5 Oct Jun 13 37% common Jun 400 * capital 14% 12 Harvester Co 103/4 18% 100 common. Tel Co 6% Jun 69 1 ll3/8 May 7% Nov 36% 26% 10 5 Castings Bearing common. American Tel & Armour : common Aluminum Jun 6% 350 \> 150 37 Libby McNeill & Libby common Lincoln Printing Co common— 25% 46% Drug 56% 18% „ International Jun 36% Last common new Corp 4 6 Vs 12% 12 common 70 __ Par Advanced Sep Jun 37 common 27 4% Sale Price Admiral 9% 9% 25 common Katz 260 18% Prod Kellogg Switchboard 2,115 4 Steel Apr Jan 10% Thursday (new)—5 50 100 95 Jun 46 71 % • Nov Chicago Stock Exchange common 125 33% 1 Shellmar Laboratories Jan - 93/4 5% 10 Serrick Corp class B common Abbott 3% Aug 11 . 1 common Nov Sears STOCKS- Jan 73/4 Jan 12% 3 5% 52% . 31% Jun 2% _10 11% 26 25 Jun 5% 50 6 • common 34 % 36 % . Sep 22 % 100 11% 11% . • capital..! Co Jun 91% 90 1 4% __ 25 Corp——12.50 . Brick 8% Mar 115 14 14% „ Oct Jan 25% 350 9% * cap 75cJun 7% 15% 97 — 10 Electric \ 7 Werner Corp Spencer Bartlett new 35 6% 6% 27— 27c 91% \ 27c • Co 7% __ 5 65% 28% Jan 5% :V so 1 common 200 40% 10% "* 100 55 15 ' -10 -1 40% 54'% „ —* Shoe Macninery common preferred'———: , — * Inc Westinghouse 19% Jan -25 Drill Rubber 19% Jun —50 United Fruit Co U S 23 Feb 15 % Aug 25 "3%~" 11 ♦ common Brew Co. 19% 2.50 Webster Twist Heileman (G) 29 100 — Torrington Co Union Jan 53% 2.50 - Machine.———— Folding 39 240 100 Rexall Drug Co & Aug 277 100 Hartford & ———— Stone 25 36% 5 Pennsylvania RR Quincy Mining Co.—_ Reece 55 67% 20 North Butte Mining— Northern RR 37% Nov x59 3% 80 10 - common Instrument Co 36% 1 — Haven Harnischfeger Corp 37"""" * —— System England T61 .& Tel—,—- Y Hammond Oct 3 64% Corp——— Linotype England Electric New Jan 88% 19% • Narragansett Racing Assn New 68 % ; ' Aug 273/fe Oct Jan 65% , Jan Jun 75 36% —.—_1 Copper Nash-Kelvinator 6% 57 15 _——15— 75c Kennecow Mergenthaler Feb 80 64% • — Roy ale Copper 60 77% • • Razor Hathaway Bakeries 4% 61% 77% 2,500 . 5% 1 common Dk & 37% Corp ——;————1 Safety Dr 61 • Electric Gillette Lakes H) • Stores Capital 4% (W 350 29 % 27% „_5 Motors Corp common Refrigerator Co common Co 39 3/8 22% 10 Gillette Safety Razor commonGuldblatt Bros common 100 633/4 - 1% Corp comomn—— 61 77% — 100 100 100 Assoc Employers Group Isle 100 : — Auto (Peter) Great preferred series A— preferred B preferred adjustment Drive Jun Jun 28% 5 Four-Wheel 43 61 453/4 Co- Inc Jan 63% — America Jan 37.76 10 of 100 High 11% Feb 9 1,600 20% * Mills 633/4 63% 28% —_* D Low 1,300 55% x59 1 & 5% 4 4 --—1 —— 1st First D 3% July 4% — • „- Common Eastern Connell 112 Eastern Mass Street Ry— 5% 55% Range Since January 1 High 11% —.10 Common Gossard 6% & Shares 11 25 4% 4 for Week Prices 63% 5 371 25% 11% 25 common 140 70 $53,233,000 Sales Range 10 common. 25 45% _———————5 Copper Range Co — 6% Co 29% 2 100 Prop Trust Century Shares Trust Service Service 24% 100 pfd stamped— Calumet & Hecla Cities Week's o1 / 2% 28% 44% , 100 _ 1st pid 1st C $41,714,000 Low 1 * - Coleman (The) Co Ine Commonwealth Edison Fitz —.———100 5% 1% Cities Sep 40% Aug Jun L preferred Chrysler Corp (new) 14% 100 —— $946,000 Railroad— Maine 8c 1,564,000 *1 Sale Price common Convertible Boston Elevated Railway— Boston 7,677,000 \\ 1,536,000 H Chicago Corp Range Since January 1 45% . 8,597,000 17,000 EXCHANGES 108'/a 109% ! — __ 25 .— 447/a 40% 149,000 Par Low 44 % __ 146% . Last High 145% 146% — ... 100 $43,992,000 Thursday Shares Low • $31,581,000 $1,033,600 Total for Week of Prices Sale Price i $780,000 28,000 STOCKS- ' ' 65,704,621 161,000 Sales Range 1948 52,698,034 government Exchange Thursday •>'•••;-7.Cast « 1949 1,638,590 Foreign corporate RANGE FOR WEEK ENDED NOVEMBER STOCKS— Jan.lto.Nov.il 1948 $844,000 Foreign 821,669,800 Doslon Stock $28,000 J $1,033,000 ' Domestic 72,440,040 10,789,300 —.— . 427,000 1,129,997 j,. Bonds 3,804,000 — Industrial-- & 23,000 Holiday - 1,129,997 $1,205,000 890,000 ._x- —. Railroad $473,500 28,000 $7,000 —- 196,000 98.000 306,000 . .. _ Week Ended Nov. 11 261,923,212 $19,000 Bank International $5,060 ■ .1948 215,603,329 Bonds O. S. Government 329,000 Holiday Jan. 1 to Nov. 11 1948 4,316,410 Total $81,000 17,600 . — 154,000 1949 shares—: Stocks—No. of ! Corporate $9,000 312,000 384,464 * Total 1949 $72,000 y Foreign .- .. Government i' — ! __ i 151,215 312,155 .i. — ^ Foreign Domestic $12,276,300 — Week Ended Nov. 11 . \ Bonds (Par Value) of Shares)- Week Ended Nov. 11,1949 3,383,000 Holiday 547,000 Friday (Number Sales — Jf :) Stocks $6,000 1,507,540 . Total Bonds $192,000 1,172,050 Wednesday Thursday United States Bank Bonds $1,124,000 1,171,270 j- — Tuesday '— Daily, Weekly-and Yearly Inl'l Bonds 404,650 „. Monday,' November 14; 194SL ' 42 •c 1 & COMMERCIAL THE Number 4855 170 Volume (1943) FINANCIAL CHRONICLE 35 OTHER STOCK EXCHANGES Week's Sales Last Range lor Week Sale Price of Prices Shares Thursday STOCKS— ' • 1 • v * ' " Low Par <• 5 1 Motors Graham-Paige Laclede Gas Light —— ■ 4 Nash-Kclvinator Corp -; ' ■9 5 * — ? New York Central RR capital j Packard c • Motor Car Pure Oil 1 ,v,; common common. Radio-Keith-Orpheum Republic Steel Corp common Jan 3% Jun 4% Jan 8% 8% 800 8% Jun 10% Apr 21% .'300 ' ''500 4 19% Jun 2l7/8 8% Jan 12 Apr Jun 33% 1,400 12% 800 22% 100 -2% 14% Apr 27% Jan 5% Apr 4% Aug - 17% 14 % 200 Jun 17% Jun 74% Nov Jun 19% Nov Feb 26 Nov Studebaker ,} 1 Standard Steel Spring— _ United & — 26 1 —J- 26 11 11% • Corp Wil6on 25 1 Corp common Sunray Oil Corp— 11% 4% 4% 16% 3,500 , 800 9% 2% Jan 11 • Co 11% Jun 1,000 5 — common Detroit Slock Exchange Oct 60 % 1,800 71% ' , Jan 30 Apr 12 16% .71% 16% 25 11% Jan '*« r preferred N O C & Cine ... li. : T Gibson „ Art 20 29% .31% 188 20 100 16 76 100 t 81 4% 81 74% 74% 75 I 18% —10 . ; 1 18% 19% .—25 i: 50. Bell Tel Sub Eaglc-Picher t. Formica Insulation 5% —*3—" — 81 5% Feb 4 26% 115 Oct 32% Sep Frankenmuth 104% Sep Fruehauf 90 % 7% Jan Gar '76% Jan Gemmer .Jun •. ' 157/g 39 122 53 50 ... . Jun 19 % Mar 23 ... Jan 39 44 Jan Nov Oct 55 100 19% July 21% Jan 59% 414 43 Va Jan 59 Vs Nov 11% 11 % 50 7% Aug 8% Jan 78% * 79% 21V« 56% 79% 1,340 57% Feb 80 Va Nov 7% Jan 16 % Sep 13% 13% 220 37% 40 128 July 40 Nov 50 50 50 25 40% Jan 50 32% 32% 32% 30 26% Feb 33% 9% 9% 30 7% Jan 10% July 10 26% 26% 27% 571 19% Jun 27% 100 145% 25 28% 63 % • 7 # - B : , 13% -50 28 American Airlines Rolling Tel American 1 1 - Mill Service Cities Columbia Gas Power & Light RW.trhtv.^' ' Dayton fipneral , General Motors Stove — - National Cash York New common— General Motors Hoskins Manufacturing Motor Hudson _ Timken U R — Electric 11% 11% 201 0% Jun 12 Apr McAleer 30% 30% 65 26% Jan 30% Nov * * - 38% 50 34% Jun 39% Jan 50% July 72% Nov 30% Feb 35% Nov 10 Jun 13% Jan 69% 348 35'/a 1 10% 10% 72% 35% 10% 109 Tel Tel & ' :i • Screw RR (Un) Chesapeake & Ohio City Products Corp-^ Michigan a-i. Dow Wheel Motor duPont (E I) (Un) _ Packard Motor Car 13% 25 13% Nov 17% Mar % 141 8% Feb 12 12% 100 9% Jun 14 8 Apr ; Jan 17% Rickel River (H Medusa 'Portland • 11% Oct 22% Nov Sheller 74% Oct Standard 27% Oct Timken-Detroit Axle Jun 34% 34% 34% 50 33% Oct 24% 25 150 20% Jun 27% 27% ■ 43% Mar 25% Oct *29% Oct i 20% May 20 Week's Manufacturing Tube for Week of Prices Shares 1 >'• 28% a30% a30% 14% ; Pennsylvania RR (Un)_i Radio Corp of America (Un) Reliance Electric & Eng .— — V . — 7% Republic Steel (Un) Bros Richman 25 14% 10% 36% 20% 3 60% 60% — — Roebuck Sears & Co Standard Oil of Ohio common Union US Carbide k Carbon Steel Warren For i . * 2 (Un) Refining & Chem footnotes see page 42. : — all% I 11% 41% — ' ■> — ' 33 45 5 * — 13% - i — 33 V*. —" 14 — — __ .— __ — — — 1% 11 17 16 Jun ; Udylite B . 165 200 480 100 40 44 : 33 45 Mar 1% 8% Jan Nov 3% Jun ' Oct 42 Va Aug 2% Oct 2% Jan 100 1% Feb 2% May 600 a 1% Apr , T 180 99 350 1% 1,000 8 Mar 300 • . 1% Sep 2.00 Mar Feb 8% Feb Oct 1% 5% Aug 1 Jan 4 2% Mar 95c 240 ; 1%, 1% . . Oct 20 100 16% July 20 Oct 14% 14% 100 10% 15% Oct 800 2% 2% Jun 32% : 33 267/s 2 2% July 100 3% Jun "711 24% Jan 33 24% Jun 26% 4 4 4% Oct Jan Nov Jan 26% 100 2% 2% 150 2% July 6% 6% 6% 500 5% Aug 6% Jan 12% 12% 12% 151 10% Jun 12 Vt Jan 18% 18% 300 11% i. 2% ■■ 1 4 Feb Sep 3% Oct 14% 110 14 Jun 183% Jan 9% 400 Jun 10% Mar 9 9 A' common common- 18% 2 3 14% 14% 400 1% 1% 1% 8% 72c July 1% Apr 1,820 93c Sep 1% Jan 1 94c 94c 1 Oct Jun 100 3 1 Juneau Alaska 45% Jan 14% Jan 23% 13 46 50 35 Aug Jan Jan Oct Apr 14 V\ Oct 373 366 78 37 Jun 33% Jun • 17% Jan 14 Oct 9% Jun 3 110 15 14% Jun 6 60% Jun0 20 Jun 33% Jun , . 20% Jun 1% May , Range Power & Light 10 Low • - 1 • —1 • (Un) Radiator Amer __ 14% Jan 21% Jan 27% Jan 43% 43% 17% 74% 27% 42 25% 1% Mar Nov Oct Nov Oct Jan Oct Jan ~ (Un)——100 Viscose Corp (Un) 14 Tel & Tel Co (Un) Co American Woolen Copper Mining * Co (Un) Bros Corp common Barnhart-Morrow Consol Barnsdall Oil Company (Un) Oil Co Basin Aviation Corp (Un) Bendix Cons Mining Co Bethlehem Steel Corp (Un) Black Mammoth Cons Mng Co Benguet Blue Diamond Corp— Boeing Airplane Co (Un)— Jun 4 Jun 3% May 85 27% Jun Borg-Warner Corp (Un) Broadway Dept Store Budd Byron Co Calumet Gold Mines Co Canadian Pacific Ry Co Caterpillar Tractor Co Certain-teed (Un) (Un) Products Corp 24% 24"% Clary Multiplier Corp Colorado Fuel & Iron preferred r 24% ]S8% Jun 54% Mar 23 Jun Feb Jan 63 Oct 37% Jan 29 175 25% Jun 35% Jan 281 20% Jun 27% Jan 10O 94% 94% 130 5% 5% 410 5 100 8% Jun 10 10 ; 16 i 675 4 4 16 45c 400 49c 15% 1.60O 60 a52% 11% 5 PI • a32% 7% Jun Apr 4% Apr 2.50 Apr 15 Sep 21 Jan 25c Jun 75c Jan 40 Jun 51% Sep 18% Jan a32% a33 % 115 57% Jun 2% 2% 2,500 29% 29% 390 4c 1,000 4c - .2,724 7% 7% 21% 217/? 175 5% — 7 7,852 a47% a47%- , 20 4% Oct 38% Feb 46% Feb 52% 135 7% 7% 835 6% July 11% 400 7% 50 25c 1,000 25c Nov 7% - Jun Oct Jan 4c Nov - l%c May 5 Jun 18% 2% 83% Jun 11% 52% 34% Mar • 2% Aug 23% a22% a22% i Jan 12 Oct 7% 25c al4 95% Mar 82% Jun 9% . 7% 7% Jan Jun 5 2,125 11% 11% 2% 6% a47% 25% Mar , ? 10 • Jan 46% Oct 53% Oct 10 Jan Jun 12 Oct 23% Sep 24 Apr 26c Nov 1c Oct 15 Sep 34% Sep 14% Oct a63% 3% 110 10% Jun 350 28 Jun 122 10 May 59 1 14% 32% al4 al4% 10 10 1 20 Jan 54 27 5 20c 10c 25 14% 150 6% a52% a52% 5 Nov Jun *80 Oct 10% July 713 % 10% Jun 42 Nov 27 29 1 10c 2 .' Jan 8% Jan 235 ' 33 6% 25 Chrysler Corp Cities Service Co (Un)_ r a66% a66% * Jackson Co 70 7 692 145% 145% — • (Un) 650 14% , • (Un) 100 1,910 a49 % a49 % 1 15 5 Bolsa Chlca Oil Corp Borden Company 13 1 10 High 2% 2% (Un)„30 Petroleum Co Bandinl Barker Works Low 25 300 Steel Corp (Un) ——^—10 Armour & Company (111) (Un) 5 Atchison Topeka k Santa Fe (Un)—100 Avco Manufacturing Corp (Un) 3 Baldwin Locomotive Range Since January 1 a4 14% k St San Co (Un)—• 8s Ref Co (Un)—• American Smelting American Shares 3 3 a31% a32'% 9% 9% 13% 13 V* — 13% for Week High a4 — a31% ' .<■ of Prices Armco 40 Jan 72% Nov . Co Alleghany Corporation (Un) AlUs-Chaimers Mfg Co (Un) American Airlines Inc (Un) 32% Jan 7% Apr r Gold Mining Sales Week's Last Par ' American 11% Jan 33% Nov 45 Oct 5% Sep 4% Jan 44 Nov 36% Jan 24 Jan 41% a42%a42% al6% al6% a7i;. a71% a26% a27% a40% a40% a24% a25 1% 1% - 281 207 75 232 200 r ■.V 1 Aircraft 7% Nov 51% Nov 61 Nov 8% Jun 26 r July 33% Jun 3% Jun 3% Apr 33% Jun 30 Sep 20 May 17% Jun 17 Jun . % 37/8 8 ' 1% 1% 8 —5 Screw Products Wayne Jan Nov Oct Apr Mar 11% Jan 718 200 50 30 200 common Corp Warner American 43% 26% 12 46% 21% Jun 4% Jun .. 34 "Jun« r" 51% Mar 34 Jun . 10 • Jun 1 13% Feb 9% Mar 36 Jun 33% Mar v- 31% July 750 41 I — ■ 36 200 Sale Price Jan ,~J:•a? 30% Nov 5 5% 3% 3% 43% 44 33% 33% 20% 20% 14 14, 12% 12% 19% 19% a22% a22% • 3% 41 72 100 .67 249 55 445 14 11 33 45 14 25 10 * 525 2% 3% STOCKS— 16% Jan ^.180% Jan 34% Jan 1,732 July 235 Mar 50 Jun 150 iv ay 9% Jun 32 >; 38% Jun 400 4% Jun 85 43 Apr 40 .43% Jun- . • — 15 Socony-Vacuum Oil Co (Un) Standard Oil Co of N J (Un) a27% a28% 5% 5% >' a38%.a39 a71%a72% 40% 41 all% al2 . 22 : 22 11% 11% 41% 41 % a49% a50 * 33% 33% . __ • • (Un) V — * * - 41% •1% High -Low-:. 11% Nov 138 Jufl i 27% Nov 42 , a50% a51 —• • 5 2 19% 15 Thursday 562 a43% a43% a25% a25% 11% 11% i1, a42% a42% 7 7% — * 50 • i Sargent Patterson Nov Sep •2% 100 1% * Range Since January 1 50 173 al6% al6% 14% 15 r i 1 Corp Packer Oct 5% /' Lost Angeles Stock Exchange ' - 11%: 11% al45% al46% 28.% 28% ■ v ; High Low 11% _ class Sales Range »• Jan 5 __ Scotten-Dillon Apr Jun 1 * Ohio Brass class B 14% Oct Oct 20% ■ 210 200 2 Raisin Paper common 17% 60% 10 * * ; Oct Mar Jan 5% 3% 1% * , 10% 70 4 Metropolitan Brick Inc_ National Tile & Mfg— 2% 19% 1% 14% Co 30 25 * B—— : Cement—i_ (A G) class 100 Jan 6 10 & W) 128 71 % - McKee 5% 41% 41% __ Parker Rustproof 22% 26% com Kelley Island Lime & Trans Lamsdn & Sessions _!——— 9% Mar 5% * 11% 26% (Un)———-10 (Un)—— 10 Goodyear Tire & Rubber • Gray Drug Stores 1 J • Great Lakes Towing common—' 100 Greif Bros Cooperage class A— * Halle Bros preferred — : k .-50 Industrial Rayon (Un) ! 1 Interiake Steamship i 2 — * Motors 205 19% 19% 2 Jun 71 % Electric General Oct 5% _ 14% 71% 1 Co .(Un).—I Gabriel Jun 3% 20 Parke, Davis common Anaconda General 9% 200 13 % 13 — -2% Stamping 53 26% .—15 —20 + 150 3% Jan ■■■■ National 21% Manufacturing ———————2 •Eaton 12 3% • JU Sep 11% Gas ; 12% 12 ; n.jJt __ Corporation Murray Jan 21% ; Chemical 14 150 0 Nov 11% System (Un) Consolidated Natural Gas (Un) :—15 Detroit & Cleveland Navigation (Un)__5 Columbia Jun 11% common 4% 17 * - - 44% 10% 11% 1 __ _ _ Sugar 31% 16% 1 Cleveland Cliffs Iron common —1 Cleveland Electrictlllpmla fwmnnn—* Cleveland Graphite Bronze (Un) 1 Clark Controller. 69% Nov 103% Oct Jun 34 — — Nov Jan 100 - Feb Nov 6% Jun 39% - 10 6% 300 39% —1 Michigan Bumper 32% 16% 25- ; 10 10 1 Jun 30% _ Mfg common Jun 12 100 ; _ Jan 6% Jun 7% Aug 5% Jun 39% 2 Products Oct 12% 5 (Un) Apr 52% 1,248 72% 72% ' 10 1 LaSaTle Wines 3% 30 8% Par American 130 2% 24% 32% * Last & Body 200 ■ 6%- 6% —— 10 35 56 100; 32% 30 : ; < . Coach July 3% 200 - 10 10 10 • 5 McClanahan Oil Sale Price American 4% ;< - __ 12% - S) Masco Thursday STOCKS— . 4% Jan 3% 20% Oct 3% Cleveland Slock Exchange . 17 Stamping Lansing Oct • —12.50 (new)—: Westinghouse (S Co Kresge Jan 25 10 B Steel S (Ohio) 2 105 9% Jun Jan 138 * Standard Oil Nov 65% • J) 200 1 34% 5 (N Oil 2% 20% 1 common- — 150% Standard Brands Oil 2% 20% Kingston Products Jun Southern Standard Oct Feb 3% Vacuum Co 4% 175 2% -2% Car common Nov 13% Socony 6% 6% — 20% - Hurd Lock & Mfg common 277/s 13% : Nov — ♦ common Motors 37% "5% Corp Sep 3% 4 Electric Howell 48 60 „33%c —* -15 Radio 23% Nov Houdaille-Hershey common 169 3% Motor Car 7% Jan 23c 1 Goodyear Tire & Rubber 435 32% Pepsi-Cola Jun 54,321 —10 common 65 * * * Packard 4% 20% 26c 1 _ Brewing common- Goebel 28% - Pennsylvania RR 8,702 6,491 23c i 63% 71% * Oil 7% 22% —.1 Manufacturing class B 28% ; Ohio 6% 22% General Finance 11% Register Ohio Edison Nov 67/a 7% _1 _ Industries Wood 30% 10 Central Sep 1 Brewing 145% 146 % . - 7% 22% 1 Trailer 38% Tel & Chesapeake & Ohio Jun 6% King-Seeley Stores —,—-—-* American Oct 5% 5 Kaiser-Frazer Unlisted Stocks—^ Allied 23% 755 Jan Nov 10 class 16% Feb Feb Oct 37% Randall Detroit-Michigan Apr 21 58% —— 100 23c Jun 63 25 38% 10 1 35 % May 20 Edison Jan 3% 1,119 53 * Sep ' . • 16 30% ' 4% 4% 39 : •' Detroit High Rights 101% 101% --:29% -—20 Street Low common Detroit k Cleveland Navigation Range Since January 1 Shares ■ High 5% —5 & T P common.,.- Cincinnati Low Par Electric common_8% Cincinnati Gas & of Prices ' Nov Jun 500 23 — 9% 13% 32% 32% Drug Stores Davidson Bros for Week Range - 32% _ Jun 7% Mar 125 210 , Sales Week's Sale Price • Advertising Prpd— Cincinnati 4ft 1 - Last • . _ _ 14 14 23 14 ♦ Consumers Power common 6% May 11% Nov Feb 7% 2,365 9% 9% High 5% 1,560 11% 11% <*.«. * Low 6 Va 57/B 11% 1 Machine Adding Cunningham 5% Prod Metal Rubber Burroughs Range Since January 1 Shares , High Low 1 Brewing American /V;). stocks— of Prices Par Balwin f: Week's Sale Prioe Jan Cincinnati Stock Exchange Sales Thursday Sep Oct 5 Altes Thursday DETROIT Jan 9% Jun 25 % • .»M—' , Telephone: WOodward 2-5525 Jun 9% Jun — —— —. 15 Standard Oil of N J ' Ford Building 17% ' —1% Socony Vacuum Oil Co Inc 25 7% 12% 22% —. • Chicago Stock Exchange Oct 800 32% . 31% New York Curb Exchange . , Stock Exchange Detroit Oct 8 V« New York Stock Exchange * *"'; —- ••• Members Jan 13% « Schenley Distillers Corp ; 15% 9% Jun 12% —III Rexall Drug Inc ! 10% Jun 31% . • 1 Oct 200 8% • of America Corp Radio : 8 1,700 21% ■' - 4% July 10% ; £ ^ Jan 1 V« May 400 _ (The) Co 4 8% watling, Lerchen & Co. Oct 3% 1,300 15% 15 . 33% Co Pepsi-Cola ; —2% Airways Corp Paramount Pictures common 15% .10% "4 15% ; High Jan 7% 7% ; i. y > American Pan 2%; 2% » . Low 11% • ; Range Since January 1 , -is • . ; High - Public Utility Corp General 11 RANGE FOR WEEK ENDED NOVEMBER , 59 150 44% Jun 59 Nov a62% a65 170 38% 65 ,Nov 3% 300 3% al6% al6% 10 a 14 31% 3% a Feb Apr 5% Jan 15% Jun 19% Jan 36 , (1944) COMMERCIAL THE & FINANCIAL OTHER STOCK RANGE Week's • Range Shares Par Columbia Gas System Cons Chollar Gould & Consolidated Edison Consolidated Engineering Corp.. Consolidated Vultee Y N all% I25 11 Thursday Low High 160 a28% a 28% 1.25 1.45 10 1,200 1.25 Jun 11% Apr United Corp 25% 40 Jan 29 % Sep United Gas Motors (Deli July 1.80 Apr United States 95C Steel a27% a27 a27% 102 Sep Universal Consolidated 18% 18% 18% 1,130 6% Jan 18% Nov Warner Bros — 11% 11 % 250 8% Jun 12% Apr West 21% Mar 27% 1 • Curtiss-Wright Corp common (Un) Douglas Aircraft Co Inc.——— Dresser Industries Exeter Oil Company Ltd A Stores Ltd class Electric General Foods General Motors Co '■ Corp Util common—... Corp (Un) Hancock Oil Co of Calif Hilton Hotels Holly Development Corp Hudson Motor Car Hunt International of Kaiser-Frazer 18% 31c Aug 65c 10% 100 7 July 38% 38% 3S5 70 72% 3.943 52% Jun 72% 232 11% Jan 15% 45 Jan 239% a39% a41% • May 10 716 9% Oct 12 July 114 200 Feb 120 Oct al0% alO'/a 10% Oct Jun 4% Jan 14% Oct a9 a9 60 8% Feb 11% Jan- 33 %o 9 9 2.15 9% a28% a 2,500 Feb 20 9,000 95c Jun 2.25 Nov 12% 70 10% Aug 13'/2 Jan 65 27% July a28% a29 V2 a8% a8% Montgomery Ward & Co Inc Nash-Kelvinator Corp (Un)____ Lines Inc New Distiller? Prod York Central Nordon Corp Ltd North 43 May 56% Jan 39 Jun 48'A Nov 24 a7% 50 1.20 1,900 23% 16% al7 % 27% 165 2 a a51% American Company Oceanic Ohio Oil Pacific Finance Pacific Gas & Elec 5% Jan 5% redeemable 20% 6'A 70c ' 125 Jun 28 17% Jun Oct Feb 37% Aug 2y8 Jan 960 1,100 82%c Oct 1.90 Jan 214 15% July 17% Sep 267 48% 59 5% Lighting American Pennsylvania RR Jun 10% 10% a Co Pepsi-Cola Co Corp 11 350 11c 3,000 10% 10% 17% al7% a5% 13 1.65 800 57 Philadelphia 11.40 div Scott 50 . 8un Oil 1 .1% 1 , 6% Calif Southern : Co Standard Oil Co Standard Oil of (Ind) Co (N (Un) J) Btudebaker Corporation (Un) Sun ray Oil Corp common 4 Vz % preferred B_. ...1 Company (Un) Company (Un) Texas Gulf Sulphur Co __I" Texas Textron Incorporated Tidewater Assoc Oil " common... Century-Fox Film Union Carbide & Union Aircraft Carbon Corp Corp For footnotes see (Un) page 42. ; ..5 Nov 14% 6,896 44% 441/2 288 86 24 Va 341/2 24% 25 Va 25% 32% 3,005 17% 20% ;)'■ Nov Oct 24% Jun 37% Nov 25% Jan 17 ■ Jan 44% Apr 23 164 J /.;■ Jun 33 Feb Aug ' 17- / 17 /V 17 45 17y8 Mar • 31«/a 245 22% Jun 40% Jan 251/8 539 20 Jan 25% Nov 29 : 30% 24% 28% 29I/8 416 25% Jun 29% —H' 19% 19% ■ 64% 191 65 Nov Jun 23% Jan 461% Jan 65 Nov 726 66% 17 '/a 274 * 63% 52 Feb 66"% 2 Feb Oct 4% 4% 237 25% 25% 439 18% Feb 25% Nov 33% 33 % 33% 39 271/4 Jun 37'/a Jan 102% May 100% 5 Aug 108% 108'A 103'A Nov 106% 106 «/2 500 Jun 1061/2 Nov 471/4 47% 2,000 37 Apr 54'A Feb 53 531/2' 1,500 43 Apr 6 l'A Feb $300 series A 1975 ... Pittsburgh Stock Exchange ; Week's Sales Range for Week of'Prices Shares Thursday STOCKS— Last Sale Price Par Natural • Gas Co Low High 20% 65 17% Jun 26% 87 6% Feb 11 Nov 11 Jun 15% Nov 7 Apr 10% 10% 11 ..—.—————* Co Low High 20% — * 14% 14% 15% common Range Since January 1 ' /;, • 144 Jan 11% 253 9% Jun 430 8V2 Oct 128 39% May 53 Jan Fort 1 10% 10 % 10% 239 8V4 Jun 12 135 25 % 33% Oct Joy Manufacturing Co 1 34 Vb 33% 34% 150 30% Oct 39% Mar 24 24% 10 20% Jun 24% Oct 20 'A 734 15 Jun 23% Jan Jan 12% 558 9% Jun 14 Jan a7% 50 7% Jun 9 (D L) Pitt Co... Gas 10 3% 3% Mountain Fuel Supply 100 2% Jan 22% 224 17% Jun 27% Jan Ohio 8% 650 3% Jun 10 Oct 5 300 4% Aug ' Pittsburgh Brewing $3.50 pfd Pittsburgh Plate Glass Pittsburgh Screw & Bolt Corp 55c 600 48c 5% Jan 4% Sep San Standard 6% Jun 22% Jun 30 405 16% Jan 34% 18%. 16% 16% 16% 34%. 34% 34% 44 44 30 , a29 31% a29 12% Apr 11% Aug Oct - 100 3% 3% 34% 34% —10 3% 2% July 50c 100 50c 45 50c * . 200 27% May 395 28% 35 V2 Feb 50c Apr 45 Apr Nov Oct 36 Jun ' • 7 100 . 10c 19 18 - 6% July 8% Jan 145 2% May 4%' Nov 51 10 68 10c .1 ; 4% 68 1 _—! Spring 150 7Va 4% 7% * common % 140 - , .12% 21V2 Nov 68 May 6c 3,000 ... 16c Mar Jun) Jun' 19% Nov 34% Jan Jun 29% Oct Feb 31% 29% 26% 26% .34 , . , , 44% i' Nov Aloe (AS) Co Sep.. American Invest American Tel Brown Shoe - Burkhart Mfg Brew Electric General Motors Industries Sales for Week Shares Range Since January 1 w -Ai ; (Un) common 49% 37% Oct Huttig S 56% Jun 69% Sep Hydraulic Pressed Brick 37% Feb 44% Oct 10 205 24% 39 72% . 153. ... 542 .7 Oct Jan 39% Nov 16: . , Jan 24% Oct Jun 31 % Oct 19% Oct 260 69 Mar lso% 24% 15 20% 38% s. 71% 24% 30% 20 % 20 28 Va Mar 50 30% 20% ' Jun 138% 626 37% .38% " 24 • (Un) Feb : High 19 July 16 21% 52% Oct 40% Jan 72% Nov Jan 29% Aug July 39% 34% Jun Jun < Feb 22 1 16 .0. 27 19% 145 % 146% /. Low .40 17 19% . 1 (new).. common Jun 37% 8 common common 146% 15 : High 17. ) — 100 (Un) 27% July 171/2 Apr Jan 62% Jun 72% Jan 16% Feb 26 Nov Griesedieck-Western & 9% Jun 17% Jun 37 28 % Jan 11% Sep Laclede Sep Landis Gas Laclede Oct Feb 64% Feb 64 Mar 8% May 11 Jan North Jun 25 Va Jan Rice-Stix Jan 14% Oct St Louis Feb 8Va Oct Sears 24 4.075 19% 13 13% 1.445 10 8% 8 % 200 a22% a22% 35 40% 1,906 20 165 Mar 2% 3 200 20 55 16 Jun 28 44 Va 44% 10 40% Jan 46% 7% 7% 100 7% May 9% 9% 225 6% July 7% 2,924 _L, * —* common * 4 20 common 9% ., : - 1% 24 Jan . 5 Jan 301/4 31 240 23 July 22% 7% 31 25 common 22% 25 22 Jun 139 7% McQuay-Norris May 10 common Portland American Cement 10 com common ... — Public Service class A Roebuck common Securities Investment * 50c 4% • 13% 20% £0 18% 19% 152 21% 19% 13% 20% 25 (Un) 13% 21% 5% 2% 10 9% 8 Feb Nov Mar Oct Feb Nov Oct 34 Jan 22 % Nov 97 41% Jan Sterling Aluminum common '.I 11 Jun 32 V, Sep Stix-Baer & Fuller common 5 20% July 26% Apr Wagner Electric 15 _ 41 13% 41 41 17% 16 Jan 20% Nov 15% Jan 20 V8 July 19 % Jun 25% Jan Feb Jun 5% Jan 34 Jun 43% Nov 15 96 Aug 97 Nov 50 11 13% 13% July 61 97 100 Jun common 25 10 Sep 12% May 33 % Jun 15 Jan 13% Oct 938 . 42 25 preferred 51/4 41% 35 y8 305 28 6% 19 % 23 Oct Missouri 27% common common Steel 58 23% 25 19% , Machine 49 60 365 - 85 a9% 26% •30% 1 com... Key common 32% 25% 30 ._L_50 International Shoe 20 2 5 Brewing common Johnson-S & Shinkle 200 40% D Preferred 605 23% Tel common. Falstaff .11% Oct 1 common Clinton 63% 23% & 35% Aug a69% a69% a9% A Range Low 5 common.— 231 896 .. 20% Exchange of Prices Par ' 1 common 33% Mar < 1,393 11 63% 26% Sep 229 26 19% ;30 32% 61 Last Sale Price 14 .. a70 a71% 11 July 29% Aug 31% Nov Apr' 85 67 19% STOCKS— 562 a31% a32% 223 : 28% Week's' Thursday 34% Nov '45 10% 26 % " ! Apr Apr 33% Mar 615 a33% a33% Jan ,231/4 3,808 24% Oct 33% 11 a 17% 27% 11 47% a43% Sep 156 10% 22 24 Va 261/2 Mar 47% 22 Jun 39% Mar 788 27% Nov 28i/8 Mar 11 67 50c General . 34 25% 27% • .12.50 SI. Louis Stock Oct ,Jun - 845 a33% a33% Air Brake Electric Corp Feb 535 29% Westinghouse Westinghouse Oct 52% 10c 291/2 24 ■, 43 Jun July 18% 2:201 44 • 10% May , Sep 14% 'Jun A 448 . 8% Mar Feb 45 860 a70* .125 . 19% Sep 726 20 —5 Toy Mining—.....— Steel 20% 5 Gas Pittsburgh Steel Foundry 5% preferred Nov 32 23% 22 & Jan 29 200 8,700 — Fireprooflng Corp Oil 6% Jan 7% 40c a31% National 41% t Jun 17% Apr 72 %c Mar Aug 25: , . 3% May a27% a28 % 26% — 10 8 50c 29% 8% 8%,. ** Brewing. Star 8V2 * — Apr 31c 27% 13% 13% 11 23% • 25 (Un) Nov 10% 36c 13 Nov 211/a 11% 710 23% Apr 11 Jun 11 755 2 12 Jan 16% 5 1,040 10 ~ Jun 6% 1,660 Clark 29 50c 7% 1,930 Columbia Gas. System Duquesne Brewing 39 63% 120 11 2iya Apr 6% a69% 9% 10% 21 Jan 5% Hill (Un).-H* .qil Co of Calif United * Co (Un).__ Transamerica Corporation Tri-continental Corp (Un) Twentieth ..25 (Un).III' !. Apr 27% 11 J(in 12 38% ..25 ; - 17% 29 ..25 Swift & Jan Jun 1957 4% 50c 25% 51/4 , . 10% 21% — .—1 3% 3% Jan ♦J— ..25 Jan 230 :; 3% Nov Oct 12c .... (Un) 11% Jan a32 8'A 4c • Jun ? 8 40 * 6% 8% 14 5,400 ;i> 460 8% 265 7c (Un) Calif Co 17 Va 370 52 ' 751/4 Mar 72% Jun 8% a 42 ...5 Company Southern Railway Company (Un)__ Jun Jun 12% ; 14% 13% a; __25 Southern Pacific Oil 5s Oct a7% preferred. —25 Standard Brands Inc 31 - Arkansas 7c —25 56% 51% 236 1975 Jan 3/8 —25 1 132 5,269 14% ..—1961 4s 4% 42 : 62% 72% Telegraph— —— Transit Jun a31% A—*— —25 Standard Sep July July Baltimore 3% 51% —25 Sep Jan 25% Allegheny Ludlum Steel 7c —25 51 Va ~4% Sep Sep 51% —25 6%- class & — —... Apr 23% com. 21% Jun Jan 18% (Un)__ III 5 Sep Jan 34% 75 Jan 2.65 Telephone v- 28Va 7% 1 22% 16% 404 a46 a46% a27% ... — Gas preferred 11% _25c preferred Southern Nov 5% —30 ... 4.32% 2%s 53% » preferred'J—— preferred preferred 4.48% American Sep 6% f 16% Mar 475 „ ..20 — Jun 5 , Oct BONDS 27% •• . Oct Oct 18% Co Southern Calif Edison Co Ltd Coal 50% 5 ... (Un ... -""4.56% Westmoreland 110 a 8% —1 8 13V2 Improvement— 255 21% : Jun Il Gas 28'A 38% Security Company Sierra Trading Corp ..." Signal Petroleum Co of Calif 4.88% 17% Jan 12% - 4% 30% « Corp Lone __2.50 Seaboard Finance Co Original preferred United 28% 31% a7 Nov 11% 62 65'/a 28% a46 a 59 175 40 VB Jun 14 Co 29% • 5 Corp: Socony-Vacuum Oil Co Inc Jun 1.30 20 Feb Jun Jun 24% _• Apr 8% .25 Oil 20 * .Zi common.. common Apr a8% 16 9 7% 211/2 24% .50 Paper 27% 8% Jan 441/2 2iy2 20% 25% Reading Co 26% a 3.25 34 common a51% a51% 8% a 13% Jun 68% 44% Wire.A—. preference Blaw-Knox Safeway Stores Inc Sinclair Insulated Corp common Public Service El Si Gas 155 a 1% 425 7% 39% 13% —. Nov Company. & Jan 28 160 Jan 1,036 6% 9% Pm.'co 452 3% 12% 11 common 28% 3% Jun 21 div preference common 29% ' V Oct 8% 190 >■.' 3% — 29% 28% 13 8% ..... 28% (Un)__2% (Un) 11% 15% 62% (Glenn L) Corp Pennsylvania Power & Light Pennsylvania RR Sep Richfield Oil Corp common Ryan Aeronautical Co Roebuck 11% 33% • Sears Jun Jan mil Schenley Distillers Corp 8% 30% —_33%c St Regis Paper Co Jan 892 a51% Jan Jun 205 59 Martin Jan 33% ...50c Oil 13 ¥4 20c 33 • ...HH_. 10% 55% ... Pennroad $1 Nov 11% 175 10% 2% 12% 150% ' RR 20% May Corp of America (Un) Ranch Jun Sep 18% Mar 29% 9% 29 Va Jun 80 13 Navigation— Oct 12% 25 1.60 mil Rice 21% 135 (Un» Drug Inc Oct 20 (Un) (Un) Si 8% Aug 16% .. 1 Rexall 15% 7c 685 a5% • Radio Jun 9% 95 19% a a32% a32% a32 % * (Un) Phelps 10 % 19% ___25 Airways Corp Dodge Jun 17% 257 Mar 20 Corp Packard Motor Car Co Pan 6% 100 a redeemable preferred class A..25 Pacific Jun 15 High Jan 211/4 138 Nov ,1.10 Mar 2 1 190 1,889 14% Philadelphia Electric 31 28% Low 28% 145'/s 146'A • Range Since January 1 High 71% Oct .__25 preferred Sales Shares 55% Corp 18% Aug 363 19% 25 Oct for Week 21 Va 23% i 11c 10 ... Week's of Prices 39% Jan 8% Mar ..10 common.. preferred Oct 2c 5,000 Range 20%. Jan - 1 Corp of Calif 5%c 5c 2 com.. 14% 15 10% a ..._8 Oct 7 16% 8% (Un)__100 d_._ w Aug 9%.,. Pennsylvania Salt Mfg common Pennsylvania Water & Power Co. 620 a51% a52 % i Company 48% \ "/*'% 2%s Co.. Edison 45 % Mar III60 Jan 15 • Northern Pacific Railway Co Northrop Aircraft Inc 80 1-2% 1.45 37% Aug 1% Jun 17% al7% a 26% Jun 8% 1 Oct a47 a47% * c_ July 6% a21%a21% (Un) (Uni. 29% Jun Nov 95c : 82 %c 17% Jun t v 90c 800 a40 1% %C 20 16% com 125 80c a39% ...5 Inc 17% 21 % 14% Il3 665 27% 80c l Aviation 13 % May 90 a 10% Motors 85 ...1 (Un) 105 28% Brothers 662 22% a39% . General Glmbel 48'A a (Un). . American North RR Corp July 19% 146'A Storage Battery— Fidelity & Deposit Co United National 18% Low Electric Aug " all% all% • National City Oct 35 a27% a27% * Davison Chemical Corp Delaware Power & Light 15 80c * (Un) 7% 100 ' -100 preferred vtc 612 27% 82 Apr Tel & Valley 22% 1 : Feb Last Corp Curtis Publishing Co Lehigh 1.15 al6% 1 Jan 11 1st Jan 24 1 5% 5c Company 9 1,200 ; a7% * 31 Jun 5% Budd Sep 1.15 20 Co 10 7 3/s 10c Chrysler 3 47% ——1 ...—...— Nov a7% a47 • Baltimore Transit Co 480 7 Middle South Utilities Co Baldwin Locomotive Works a50% a50 % 250% ,..18 10 (Un) Corporation Coal 16% ' 8 Arundel Lehigh 16% (Un) July Tel Nov 5 McKesson & Robbins Inc Co Stores American ,20c 5% (Uni Nov 19% Par Oct 5 Company..... 14% Nov Sale Price 7c 1 Angeles Biltmore Hotel Co.. 7% 25 20c 1 •; 2.15 1.90 12% 20c • Jun ' a (Un; Co Jan Feb Co Petroleum 100 3'A 8% Lockheed Aircraft Corp Mfg 1 % 9 % loew's Merchants 280 114 10c Menasco 2% 1,70 Lincoln Oil Jun 9% 9% —1 Mascot 34% 2% 9 Magnavox Company 335 25 Company A. Libby McNeil & Libby (Un) Feb a l" — STOCKS— American 600 Lane-Wells 9% 18% Oct 729 • 410 353 a Hi 2.50 (Un) Nov al5% al5% 1.95 .. 51 44 14% • * (Un) Sep 15% 41% Mar 13'% County Land Co Inc 45 % a46% a46% 69% (Un) • Corp (Un)„* Feb 44 14% Thursday Jan 1.90 Kern Los Oct 39 3/8 a Can Oct Philadelphia-Baltimore Stock Exchange Jan 11 Jun 13% Kansas Power & Light Co Kennecott Copper Corp (Un) Petroleum 34% 46% ——.——10c Corp 4,200 a 10 Nov 25% Oct 55c 18% Jun ' — Co Mining Oct 16% July 20% 156 1,970 4% Jan 44c Gold W) High Jan Jan Feb — International Tel & Teleg Jade Oil Company.. 213/4 13% 11 5 (Un Nickel Oct 12% July 12.50 .6.66% — Co Corp 17% 69 200" • Independent Exploration Co Intercoast Petroleum Corp Iron Feb 1 ... Company Foods, Inc Interlake Zenda 50% 20 345 1 A_. Oct 65 18% al8% 17 % 3 class Wool worth 13% II0 (Un) Feb 10% Goodyear Tire Si Rubber Co common..* Graham-Paige Motors Corp Greyhound Corp (Un) 9% (F 25 23/s al8% a20% 14% » Westinghouse Elec Corp Tel 100 " 18% * 5 — Western Jan 18% 24% 243/4 Inc Jan 7% (Un). 4% ' Jan 38% —5 Union Lines 8% 13 % —1 — Air 55% 44c # (Un) Low ; 4% : Range Since January 1 High " I-IIlO Co Inc Jun 5% 17% .. • OH Pictures Kentucky Coal Co 54% Mar 10 a67 % a67% —- 13% 1 A 200 • a7% 60 a —5 (Uni Corp General Public a7% <•»>* * A*. —4 (Un) Fitzsimmons General ' ' Inc.——..—— 50C Electrical Products Corp Electric Bond & Share Co 6% 5% a64% a64% ...5 • Corp in (Un)_. Low 10 (Un). —1 (Un) Corp Continental Oil Co Shares 1 (Un)_._. Corp Western Continental for Week of Prices Par (Un)....• Aircraft Sales Range Sale Price STOCKS— Week's Last Range Since January 1 High all% all% .. 1 Mng__ NOVEMBER ' ... (Un> Sav of Low «. (Un) Commonwealth Edison Co EXCHANGES ENDED for Week of Prices Monday, November 14, 1949 Sales Last Sale Price Thursday STOCKS— FOR WEEK CHRONICLE - 618 75 3% Volume. 170 .Number,4855 COMMERCIAL THE & FINANCIAL CHRONICLE (1945) OTHER STOCK EXCHANGES r RANGE FOR WEEK ENDED NOVEMBER :.:r Week's Range for Week of Prices Shares STOCKS— Sales Last • Sale Price Par Low Abbott Laboratories ji—X—.—....,.—5 Air Co reduction Alaska Alugnany a45% Range Since January 1 Low High a45% a46 % 55 v.,- Nov Mfg. Co Mindanao Mother 50 2% Feb 3% Aug M a93/4 50 7% Feb 12% 17 17% 540 13% 13%. 500: 14!*/8 300 a2% a2% a2% a9% a9% ;■« Factors Ltd American Power Radiator Amer & (Un)__ 20 Light (Un) Stan San (Un) & American Smelting <u Kenning American Tel & Tel Co (Un) American Viscoe American Wooien Corp a48% 100 aA4ti (Un)— Co. till) >8 a483a a49% . J & M & Ward 22 Jan Morrison-Knudsen 13% Nov Nash-Kelvinator (Un). 10(4 Jun 14% Jan 45(4 Apr 138% Jun 53(4 Feb National 149% Jan & Santa Fe Alias (Un) Imp Diesel Engine Atok Park May 64% Oct New 2iy 22% jun 3/% J?eo N 295 25% Jun 34% Jan North 33 32% 33 876 28'/a July 33% Oct all all(4 45 Northern Pacific Ry Oceanic Oil Co b */8 loo o */2 95% 55 95% 51 6% Jan 11% Oct 5 Jun 7"% 87 Baldwin Aug E'ainsaail Ohio RR Oil Co Aviation Btudix Bendix (Un)__ 6(4 6% 520 32c 32c 32c 3,600 a5% a 5% a5% 50 X——13' Home , 10 10 10 100 8% 100 8 50 42 Corp Mar a33% a33% 30 2u(4 ao% 17 23% Jun a52% a52% (Un)_____—:i00 (Un) common 102 20% Mar 90 3 Locomotive Baltimore & 100 - a23 % a23% 6% Avch Mig Corp 8% —5 (Un) 5 . Appliances.—.A. a52% 33 %c Y Mining*. Cons Bethlehem Steel bu7s PI (Un) Bishop Oil Co ■ 4(4 22c RR Bumcer Hill Corp (Un)_: —— Cement Co Caiiiornia common 7 Preferred Case . Co & Edison Jan Olaa Sugar Oct Pacific Celanese Corp Chic of Eureka Central Mil Paul St Preferred America RR Cities Service Clorox Co (Un) Jan Pacific Finance Corp Apr Pac 10% Jan 6% 52 Oct 5(4% Gas Chemical Co iXX-—...- Columbia Broadcast Eaison Consolidated Natural Gas Co Consolidated Aircraft.—— Vultee 34% Mar Jun 5% 1st Feb 5% red 10 2% 1st 33% 6 % Nov 14 % Pacific Lighting Corp $4.50 preferred Jan Jan 1.95 Mar & Sep 8% Mar Jun 9% Paramount 4% Aug 35%) 277 30 52 a7 (4 a7% 9 Feb Packard Motor Co coin Pan American Airways Oct Jan Nov 58 :..^w a._ Jun 34% Whistle Dow du Chemical Pont (E Fields Co El Dorado Oil Works. common......—..2% Foster & Kleiser Preferred General Electric Co General Foods Corn General Motors General Paint Golden State (Un) Goodrich (B F) Goodyear Tire Ltd Republic Steel Corp 32% Oct Reynolds Tobacco class B (Un) Cement Nov Roos Bros Hawaiian 41% 43% Jan 12% Apr , 43 •j)- 143 ) all 40 6 6 8 140 5% ■/,<) 54 13% 720 28% 652 20 53 94 ■ , 8% Sep Jun Stores Ltd— Honolulu Hudson Oil Car Co Jun 8% Jan Safeway Nov San 13% Nov Sears Jan 29 Oct 102 Nickel International IXL Mining of Tel International Tel & Co.. Johns-Manvllle com Oil Jun 20% Apr 12% Jan Sinclair Jun Jan 24% Apr 31 Nov Soundvlew 142 v 43'A Apr 50% Kansas Power Kennecott K.ern & 12% ■ 62 2,166 44 267 Silver Oil Leslie Salt Co 11% 335 40% 1,060 Magnavox For Co 40% Nov 28% footnotes 365 27 5% 27% Jan Southern Calif Gas Co Southern Southern 38% 5 Apr 26% May ;;; 25 Calif Edison 696 Feb 62% Nov 3% July 13 100 25 37 11% , 6% Mar 21% Jun Jan 32% July 35 Apr 32% Nov 32V4 270 25% 12% 12% 252 9% a24% a24% __ a30% 17 21% 144 5% Feb 28 Jun 14% Jan Jun 28 % Jan July 34% Feb 96 17 V4 Jun 26% Jan lo 35% Jan 39 5A Oct 175 25 Jan .41% Sep 270 21% 285/a Oct 110 . . . 5% 28% — 23% .. 28% r>.42 23 29 Sep Feb July 6 (4 Mar 4% July 125 865* 8c 10c c.11% a42% 9c 16% Oct 29 Jan 11c 6n 197 Feb 347/8 28,200 Feb 43 Mar Oct 39% 159 31 Feb 39% Nov 32% - 100 20% Jan 341 Aug 3% 23% 16% 27 X> 32% 39% 32% 15- 5 —. • Co (Un)..* com — . 16% 27 3% 23% 17% ; 28% 100 239 502 1,584 — Inc A ser Jun 39% Jan Spiegel Jan 45% Oct Standard Brands Inc (Un)— Calif common 72 .41% 72% v 4,312 53% Jun 72% ■ ■ 3% Feb 18% Jun 24% Sep 14 % Jun 17% 21 Jun 3 May , Oct 28% Apr 200 10 Jun 16% Jan Standard Oil 12% 275 10 Feb 14% Jun Standard Oil 60 25 ......5 ' ... -- — 11 . 25 , ;; : —. v : . „ 34% Nov May 26% Sep 26 % Mar 297a 1,000 . , . 29% 190 52 50 1,054 24 * 28 10% Jan ' ; — 34 300 47% 421 33% 43 50 135 24 18 Jan 810 205 243 890 5*% jun ^ 8(4 497a Jim July Oct 357a Aug 33% Apr. 46 Sep 11% Oct a25% a25% a8 a8 22.C4 22% Oct 31 Mar 33% .w: ■ a25% 1 2 34% : 277a Jan Apr 9 Va Mar Oct Nov 13% 12% Vr • Corp 34% 26% 26% a29% a29(4 a31(4a31(4 10% 11 26% —2fi Cumulative preferred 4.56%— pfd 34% - 25 34% X;" 67 V 37% Jun 700 1 Va May 9(4 9% 9% 260 X 9% Oct 117a July Co of Co * * (Ind) — — 25 66% 66% 44 44 a70% a71% 25% 26 , ... 22% 70 Nov Sep 447s Oct 39% Aug Feb 2% Mar . 14% 14% 17% 17% a__ . a— X ^ Standard Oil 44 Jan ' 100 12 Jun f 16% July; ;■<. 1.65 Jun 218 100 *2 v4 Feb 2.30 1. 2.30 2.55 8,558 1.70 Jun 210 7% FeD 15 V2 Sep 19 V2 j»m 10% 1.90 May 4V8 Jan 66(4 Oct 9 2.90 9% 'i Oct 19% July 31% Jan < (Un)_* a9 5% 5 7% 1 1 22(4 a 16% ... 5% al6% — , 17% a Corn 200 ....... Carbon & of Co Calif (Un) common United Air United Corp of Del U Jun 43 Oct 9 Jan (Un) Utah-Idaho 16 % S Steel Victor Bros Oct Wells 41% Jun 55% Jan Westates Jun 47% NOV 10) 22% 16% 12 14% Jan 11% 128 5% Jun J; Jan al6% al6% 27% May 6% Jun / . 26 16% 33% Nov 41%. Jan Jun 16% 14 Va Mar Nov 16% 50 a33% a33% 145 30 345 48% Jun 647a Nov 755 19% Jun 25% Jan 4,319 10 Jan 14% Oct 365 1,355 110 33 7A Jun 41% Jan 25 Va Jun 32% 21 Jun 24 Va Mar 100 10% Jan 14 7a —63(4 64 10 — 23% 23% 2 -13 13 13% * 28 Pictures . 30(4 Mar Fargo Bank & U Petroleum Preferred (Un) .. Oct 47a Jun 25 Va Oct Feb 3% Nov 7(4 160 7% 1,672 978 Jan -- (Un)_—1 ; 1 1.25 6% (Un) - 9% 7% 10 . 17% 27% a47 282 1.10 6% 282 1.30 7% a20 a20 7%. 7% 16 A 17 A 27% 27% a46%a47% 5 9,985 2,680 270 80c Jan 14',4 Oct 14% Indies W) Jan 7% — Oct 2(4 2.05 13% T_—..——.100 common —... Sep Oct 20% • — Western Air Lines Inc (F 200 832 250 — Woolworth Jan — 40% 5 18 West Xk 40(4 27% 28 a22%a23'A 13% 13% 4% 25 25 3 —1 (Un)— 18(4 July Oct 40%; 27% a22% 1 * 5 Sugar.—-.—1 (Un)__i.^_. 1 Western Dept Stores— —: 50c Westinghouse Elec Corp (Un) 12% 32 % Mar 8V2 Jan 23% ; Corp common Sugar Co (Un)— Equipment CO— Warner 39 250 16% 28 (Un)—,—5 Lines Inc.. 10 Apr 31 11% 08 Nov 7% __ — United Aircraft Corp 11 7% 22% Carbide 65c 30% . 25 — Corp Transamerica Union Jun Sep 15 Va Sep a70% 25% 1 Water Sep 3 , lo Company (Un) Ass'd Oil common Texas Tide 33% 67 162 (Un) (Un) (Un)— Swift & Co 8 10 200 Jun 28 Superior Portland Cement 26c 1,160 * a46% a48% . 26 50 400 a49% a50% a50; 7 COc a43 % a43% a43% • a9 51c „ * • 70 a29% a29 % '• (Un)— Co of N J Jan 14% ' ' 31 49% 52% Feb 90 80 32% — 15 preferred 4.32% Southern Co Sperry • 2% _.P2 *2, Jun 176 6 12(4 5 PIO • convertible preferred.; 4.48% 69% a46% page Apr 13 1 Pacific Co 22% May 295 ; a41 5 see Jan 11% Jan 6% 27% Mar Nov 2(4 33%c — Feb 17% 8% Jan a33% a33% 9 Jun 31 100 — 24 Va NOV 60% 29 (Un)..— Jun 9% 1,354 — Jun Jun 14 6 29 (Un) Oil (Un) 47% Mar 14% Jan a40 % 8.75 Libby McNeill & Libby Lockheed Aircraft Corp Loew's Inc (Un) ,Jan 19 15% 600 a46% a46V8 29 Pulp Co., a46% a46% — —-————10 — Jan 10% Mar 20 25 8(4 1 Corp 62 Jun 60 (Un) Sep 4% Jun- 8% Feb 2,647 X 38% 28% ...... Coalition King 47% Aug 1.90 Company—. 3V4 103 May 125 18 38% 27% — 40 a40% * 1 Corp Land Nov Oct 19 % ' 13% Light Copper County Feb 650 a21% a21% 8% 89 65 July Oct 59 (Un)—— Corp 105% t Feb 750 4 8(4 38% .... Socony-Vacuum 13% Kai-er-Frazer Corp nVs lb'/a 284 — al3% al4% al4 • Inc.. Co— Jun 60 (Un) Jun 44 300 a38% a38% & Co 361 51% 5% 1 ... 3% ' 8(4 • (Un)..* A Mining Roebuck 8% v 13% Canada - 100% 35 220 Oct Stores Maurico Union Maryland Mines Corp Independent Exploration 4 8% a38% Signal Oil & Gas Co A Mar (Un) —* Idaho 102 102% 10 common 64% .* —1_: 102 .4 .... Jan —* Corp Motor 1 15% • class Co Ryan Aeronautical Co a*4 1 33 30% 2<V>4 * Holly Development Co common.: 15% a30% a30% s22a22% (Un) Corp.. 16% 1 a9 a 15 . y% 39% ...——* Inc 104% 105% 64(4 64(4 251 Jun a67% a67"% 3 Pineapple Co Jan 1 com.. comrrfon- Bros Studebaker Hale 54 • ....... 27% a67% __1 Greyhound. Corp Jun • Oct • Rubber (Un) (Un). & Graham-Paige Motors 50 60% (Un)! Incorporated Preferred 21% Mar 11% — 616 25 64 * (Un) Co common : a50%a51% ' 76 44 71% * ') common. Sep pnlV4 7% pfd Oct 13 10 ' .* Corp Corp common.. Co Oct * America Oil 58% a46% prior (Un).. of Richfield 38% ♦ : Aug 30 33%o 58% Com Sep a9 * (Un) Jan 28% 18 Jun Radio 29% 27% .. Nov 32% 29% .50 Jan 28 (4 ——_—...——25 36% Apr Jan 100% 100% 40'.'2 XXX; 5% Apr .30 ' __1 (Un) 8% Juil 30% * 10 Emporium Capwell Co Food Machinery & Chemical 33 75 30r T_* 32% 13% vv 11% 1,332 Sep —• Jun 2078 a 50% —• 33% Apr (Un)..^ 44% 467 aP4% ap4% — Sep 35% Apr (Un).. 18(4 Jun 310 T, all 62 34 a32% a32% "30 ...100 (Un)..— Co 28% a50% (Un)._10 common 21 Jan 27 5 Inc Gil Cumulative Co Jun Oct i»% 5 de Nemours. I) Kodak Eastman 18 Va 30% 27% Pure 24% 5 15 . 200 1,611 26% Pullman Apr %X 30% tUn)__ common Apr 20 33% Puget Sound Pulp & Timber (Un)—• 130 15 al6% al6% Dominguez Oil Feb Jan 520 Oct 18% 43 — Feb 8Va 6 July 3% Apr 873 Jan 150 'XX , 13(4 Apr 193 Jan a27(4 a27% .5 6 % Nov 3.00 Aug 2.35 Mar 12 30 2.10 28% com._5 35 28% 34% 30% a25 al6% (Un) class A 205 20 • (Un) conv a24% —* of Amer Co 32% 28% Aug 70 2.65 2.65 Jan 33 x0 Phelps Dodge Corp (Un)— Fhiliips Petroleum Co Sep Shell common..... Sep 28% Nov Jan 28% B 1.40 28 Jun 25% 100% Steel Sep 300 1.70 28% Jun 270 * Giorgio Fruit Corp 27% 28 28 31% 5 Class July 28% 90c Mar Corp common Di 13 % 25 24 4.>-/8 13% Crucible Jan 20 Apr 52 27(4 207 a64vi Zellerbach 2.65 __ common Pictures Pennsylvania RR Co Pepsi Cola Co (Un) Mar 36% i' a— a, a65 1 Preferred Jan 60 104% (Un». common common.; 3% 5 Crown 123/4 Jun al2% al2% — —— Cement 5% 126 ..1 Nov Jun —• A common. — Portland 107 common (Un» 1.55 9'% 37(4 25 200 (Del) (Un) Inc——! Co Amer 1.25-July 50 200 *" a32a32% 2.65 - ^".25 series preferred 9% Continental Oil of 1.60 a32 20 —.5 preferred preferred red 5% Continental Motors Creameries 1.60 36% Paraffine Companies 732 — Nov Oct Jun ) 2,801 1 Oct 13 Va 380 1.55 40% al7% al7% __ Oct 21% * Jan a29 15 100 40% a32% Tel 1.90 (Un (Un) 40% 25 Tel 28% 20 Consolidated Edison Co of N V 1.55 al0% al03/8 10 .28 Pacific 1.75 a25 —1 (Un)—_ Oct 28% A—2% cl Jun preferred.—... 1st Riverside Commonwealth System Feb 10 preferred 1st 200 31 17% 450 common...—.28 57% 1.75 3','3 356 12% Electric & 4 > 21% 12 — 7% 11% 25% Jan a62% 21% 12 .10 Jun Jun 44% May 28% a 64% — ————8 Service 22 .10 577a Mar Jun • 850 22 58% 48 ,170 Jun 57% 16% 7% 2jv4 484 25 Jun 4% Rayonier Chrysler Coip 9% 7% Jun - 405 4% 40 jOVs a'JOVa Jan 15%" 7% Public 52% a 157a 15% : 4% Pacific 32% (4 Sep Jun a Pacific a 43% a7 23% 10% 371 5 Oct 52 ..100 19% Mar 300 Aggregates—— Oct 31% ——..100 120 15% Pacific Can Co 2.70 ] (Uli) com (Un) Jan 52% .. Pacific coast 13% a28% July Oct 46% a43% a287» 23c Oct Feb : 32(4 • (Un) Ry July 7 40% .25 Mining Co_ Ohio & 15c 33c Pig'n Cheoapeake Oct 1,700 Jun 2(4 Aug ... a43% 10 34C 18c 23% (Un) Fisheries 21% :• 2.10 Jun 1.35 52% (Un)__._ 32 •• ' • common Co American 20 4 Jun 22c 17c 1 15 (4 a 37% Aug May 2,430 15% ...X 55 % - 33% 100 34c 23% —... a 22% JO 50 ; common • 625 .. .. 86 1.75 X- (Un) 9% 9% *' (Un)——__25 Tractor 15% a2l% * „„ I) (J 6% x.-: 3 — Ai.'. Ayr X. Cons. 5% a a21% Apr 17% 33c Jun 8(4 May 2.70 a52% a52>/8 __1 California Art Tile Class Caterpillar . 2% .... Packing Corp 6 % 2.oo - a46% a47% —» —, — 6% 2.t>o 17% 7% 1.75 ... 33c ...x Oil 9 / 200 5 (Un) Sullivan & Sugar Calaveras 30 15 ; Jackson Co Calamba 30 a39% a39% ; • (Un). American 5 : 350 l (On) (Un) Borg-Warner Byron 2% 2 Biair Holdings Corp Boiden Co 2% > _ Sep Jun 11% Feb 5 (Un) Mining Co Central 5% Eenguet 1,278 27 y2 Jan ' —2% 10P Big Wedge Mining Co__ 13 High Jun 18 ——10 — Products 24 % 5 13 250 —• Distillers 28% 100 x 25 1 Natomas Co 28% 6% a9(4 .18 National Auto Fibres 24% 5 a9(4 P10 (Un) Co Co Corp 28% ♦ (Un)— (Un) & Jun •' 1,125 a65% a66% Cons M 20 (Un.) Range Since January 1 Low adVa ————1 50 • * High 22% "22% (Vh)_.—' Lode Mines— Feb Ohio Atchison Top Atlas Corp (Un) Co 7% 15 145 . 145% al46y« a —14 (Un) Mining Arkansas Natural Gas class A & 1* nu; '■ (Un)__• Anglo Calii Natl Bank. Armour — • (Un) Co Auaconaa Copper a* Low 22 % 1 i Menasco Montgomery American Shares Oct 510 (Un)__i for Week 5 Machine. Robbins Inc 4% 3% American Airlines Inc common McKesson & 23% May Jan 260 3% (UP)—.1 Corp Nov 46% Feb 2% 23 3% Co ^Navigation 46% Nov 23 10 Min Matson High 20% X.-— (Un) Gold Juneau Sales Range of Prices Par Marchant Calculating Martin Co (Glenn L) ' . Wefck's Last Exchange Thursday ' STOCKS— Thursday Sale Price ^ . San Francisco Stock 11 Nov 290 Apr Aug 1.45 Nov Oct 1 73/4 Jan 4% Oct 25 200 17% Jun 5% Feb 77a 855 2o3 13% Mar 177a Nov 21 Jun 29% Oct 44% Jan 49% July 201 2274 Jan Oct 37 THE COMMERCIAL . CANADIAN & FINANCIAL LISTED CHRONICLE MARKETS RANGE FOR WEEK ENDED NOVEMBER Montreal Stock Monday, November 14; 1949 II Thursday Exchange STOCKS- Thursday STOCKS— Last Power ft Paper $1.50 — 20% _20 •—— _• 1 Aluminum Co of Canada 4% Amalgamated Electric Corp Argus Corp Ltd common 4 % % Bathurst Bell Power 55% Paper • * A 7% 24% 24% American 461 17% Jun 23 Jan 43% 10% 10% 10% 200 ft 19 19 20% 9,226 14 14 14% 275 Power Bank * 26% 25 26% 26'/a 90% Elec 4% B redeem Ltd class Class B A 16 Building Products Bulolo Gold Dredging Ltd Dry Dock class A— Canada Cement common pfd— 19 19 14 14 34% 23% preferred 15% 15% 25 25% 38% 25 22% 22 22% 27% 27% —— _• 27 1125 —20 Cockshutt Plow — —^ Consolidated Mining & Smelting— Consumers Glass • • Distillers Seagrams _• "T1 Dominion 24 5% preferred Dominion Foundries Dominion Glass & preferred Dominion Steel ft Dominion Stores Dominion Tar Coal class B_. Redeemable preferred Dominion Textile Donnacona Dryden 25 —,—23% common Paper 4%% -• 20 1 -— Foundation. Co Fraser Co Gatineau 5% of • _* — common——. preferred 5%% • Canada— common Power 5% preferred Goodyear Tire 4% pfd inc Gypsum Lime ft Alabastine Hamilton Howard — Mining & preferred 5% conv — Coal of the . Woods Lewis Secord Bros Corp (H) 22 825 X; ■ 11% 601 18 Breweries 60 12% 2,650 1,100 35 1,252 27 Mar 47 42 Aug • Jan' 15 26 Sep all5 59 6% 120 325 18 4% 175 Aug Jan Jun 5,005 44 Jun 2,498 7 Jun 205 43 - Jun Apr " Aug 13% May 100 100 7% 225 17% 250 a94% a94% 5 23 2,295 16% 9,349 5 Jun 39 19 Feb 97% " Nov Feb | Jan 38 • Nov X < 100% Oct 54%" Nov - 24% Jun 26 20% 240 , 19% Mar 22% 520 Feb 21 x S ,) Oct Nov 28 ! Nov 28% Marx Oct 38 j Oct 28 Jun Oct % Jan 13% Apr 19% Jan 17 Nov Ltd Ltd ft common 2——t Western Ltd Lumber 92 Ltd Textile B 10% " 10 10% 22% 23 17% * 100 Nov 100 Nov 17 Aug 27 Jun Jan 41 Jan 6% Jan May 4 Jan X Jun 103 Jan 1.50 Oct 4 Jan ' 9 Jun 12% Mar 18% Jun 23 6 % May 8% Jan Aug 28','2 Jan 17% Nov 20 Jan 17% 223 23 780 al75 11 170 Jun '179 Oct 70 70 50 64 July 81 Jan 3 Jan ' 6 X 15% Mar 19% Mar 23 Oct 6 50 2% 2% 1,025 1.50 1.75 301 "11 11 25 9 Jun 11 Jan 87 92 1,120 S2 Jun 92 Nov 4 Apr • 90 3% 1 —" 1 3%. • 25c 3 Aug 65 47 May 56 Oct 10 July 12 Feb 30 Feb 45 X 40 - 25 Oct 25c 600 20c Sep 30% 185 30 Nov 40 Sep "3 3Vb 900 2 Sep 6 Jan .* . 1.00 Sep X-A4% 4% 100 a5Gc * a-50c 150 30c Aug 50c Aug 16 16 36 15 May 16 Jan 10 24 — a24 — 50 X 30" —* 10 a24 " * 19'A "10,525 10% 5,220 18 ' - 20 9% ' XX' 20 T Jan 30 * 3% Com——* — Nov 25c 30'A • Nov 2% 2.00 200 12 40" . 6% Jun 1.25 Mar 1.15 2,635 56 12 \ 100 3% 56 X* 12 - 18 30 30 10 X-10 75 • • " 100 1.080 4% 13% 8 18 Aug Jan July 30 Feb Jun 20 Nov 12% Jan 19 Feb July Jun 29% Mar 8 7% Apr Feb r- 31% Mar 11 Oct 48 Jan 40% Oct Paper Co Ltd Aircraft Farmer 6%% red Ltd Co of Ltd.. 10 150 13% Jan 17 17 17 805 13% Jun 20V4 Jan Apr 1.55 Aug July 5% May 39% Nov 40 Jan 6 101% 44 Sep 1.25 1.25 300 60c 38% 38% 150 31 12 12 12 150 100 — ft Rubber Great Lakes Paper Co Ltd of A com—- —100 Can com Nov Halifax Feb 8% Nov 10% May 16% Jun 11% Nov 23% Jan Hayes Steel Products Ltd Hyldro-Electric Securities Corp. 165 20 Jun 23 Feb 3,841 49 May 69% Nov Insurance Co * * 10 convertible preferred Oct — 124 124 15 1.50 1.45 1.55 1,550 25 25% 1,655 10c 10c 100 a5 a5 5 4 Jun 6 Apr 86 86 25 84 Sep 87 Aug 13% 13% 625 Jun 16 Jan 8% May 13 Nov — -— — — _. * 31 * 2"% International Paints (Can) class A * Investment Foundation Ltd common—* 6% 12% 25 ——* Power Sec Corp Ltd redeemable preferred. Goodyear Tire . 38% class Foreign 5% 10 36 % July 10 Sep 47 .1 — Canada 42 200 -- X 5 class A— preferred 200 39% — ———• Candy Shops Inc Co Manufacturing Motor _* 47 39% 47 * Oct 69% 12 % 22 ' X • Ltd —^ Federal Grain 34% Mar 67% 100 365 . X' 2% Fairchild Jan 2,470 Nov 1.75 Fanny 23 22 Jan 2% AUg * Oct 40 22 17% - - * Nov Feb 21 Jan Mby al75 22'A 100 24 Jun 20% 'X X " 360 16% 21% 21 71 295 10% May 100% 40 90 200 24 Donnacona 50 50 Jan Jan Jan 75 250 2,650 , 8% Jan Jan 8% 11 17 5% Mar 2 8% Nov 23% 11% Apr 225 23% 7% Ford 43% Jun 8% 19% Fleet 8% Aug 10 6% 170 July 2 18 X Mar 8 23% 95 July Feb Oct 11% 160 13 * 14% July 15 Nov 43% XX 12% 25 "■?' ■ 1.50 22% / common—* Mills : 12 30 - - 92 1.50 1.50 2 Co _—; —a.—-1—-— preferred Class 45 % 1,155 " - * common. Products 3% ;X Sep Jun 350 6% ' 3 • Aug 7% 3% 1 Company Paper Inv Vlckers Food XX High ^ ; • David ft Frere Limitee-class A^_ 22 39% 14 . 192 11% 6% •' - -2 11% — • common-; preferred 5% Feb 400 Co 91% July 15% Jun 6 • 3,705 17 - 6«/« Dominion Engineering Works Ltd * Dominion Oilcloth ft Linoleum Co Ltd.* Dominion Woollens & Worsteds. —* Jun 10% Aug • X 5 Dock Investments Preferred Feb 40 ft 2 16 . • Alcohols Ltd common—* 8%; preferred £—1 .5 Consolidated Div Standard Sec cl A—* 17 970 1 Commercial 33 20% X • — Oct X v 16% -17% • 50 7% 13 100 31 31 325 2% 13 2% 300 6% 7% 1,300 99 1.25 20% 10c. 9% 30% July Jun 128 2% Feb 26 Nov 25c Oct Jan Jan Apr Oct 32% Oct 2% July 3% Aug 6 Oct 9% 9% 9% 80 8 "Apr 50% 50 % 50 % 10 49 Aug i % Nov 26 Jun 34 X: 24% 2,298 ;.v v Apr . ■ X 100% Jan ;,>x • .1 ft Dominion Sugar Marconi 250 39 - 68 59% J Claude Neon General Adv class B Preferred Jan 72% Nov 12% Jan . 1 ^ Pr 290 101% 101% 22% 22% 39 % • 150 " 16% 100 Ltd Industries 22 37% 37'/a 22% 26 j Thursday Last * common Dredge 45% 20% pfd—100 27 25 L* B Company Gen 21 20% v Apr 97% Oct 17% July 11 8% 45 45% fi 1,750 Jan 11% 1 Nov 38 Jan 11 • 35 27% 160 Sep 100 Sep 27% 23 Feb 15% ;! 27 Jun 16% 100 Nov 27 195A 142% 15% 35 XX 25 10% 10 17 Jun 1,290 Consolidated Lithograph Mfg Co'Ltd.* Consolidated Paper Corp Ltd— • 50 22% j '< X 45 Consolidated 120 22% Oct Jan . 13 17 100 20% * 7% ' 19% Nov 18 —* A 16% 28 19 50 al50 .7% V". Oct 26 11% Mar 3,140 16% : 8% Jan ' 18 ~7% X Jun 21 10 8% ; Catelli . al50 * Jan 24 110 - a26 *25% — Westinghouse Co Cassidy's Limited common Jan 143 71% 120 36 29 10 ' 18 i X Feb 170 i 33 :• 100 100% 170 Canadian Jan 3,367 19% 17 26 170 B pfd Canadian Nov 22 34% 49 29% 15% July 148% 148% 21 16% Jun - % 5% 50 170 5'1c Jun 20 Oct 13% 2,470 35 , Nov Jun 13% Aug 280 35 :* Nov 9G% 805 15% 8V4 Canadian Oct 25 20 7% • 100 Canadian Oct 315 . 11% 24% 2,850 29% 12 90 96 5 Cldss — Nov 12 i\. 158 2,660 Canadian 98 18 X Sep 80 2 8% Co 7%• preferred : ; Canadian Ingersol Rand Co Ltd Canadian Inter Inv Trust Ltd com Jan 86 ■ Oct 9% 78% Mar 1,450 ■""" 5% Canadian Nov 29% 12 • 13% Mar 1 745 56% '24 Feb 9% 14% 170 Canadian Foods • ft Canadian Jan Jan 18% • 46% Jan 9% 20 Jun Feb 37% Vi.-'" Ltd Pr Canadian . 19% 83% 69 Sep Jun 5 82% 891 5% Canada Nov 97 48% Nov 20% , Canada Starch Co common Nov 65 9% Jan 99% 27% 3 Preferred Nov 20 5 • 18 12% 35 ■ 85 * .* ; Jun a99 70% 30 Jun Week's 'X' " Sales » ! Range for Week • Sale Price V- of Prices X Shares p] Range Since January 1 Par: ■ Low : High 'y XX Low Butterfly Hosiery Co Ltd Jan a99 49 100 Ltd 8 52 % 85 * 1,205 -7% Burnett Nov Jun 12 43 % Mines 104 99% 50% May 14% May 6 " 8% Class Oct 75 17% 96 96% 5% Brown Sep 55 5 Noranda 2% ,17% 34 * 4%% Corp Weaving Jun Jun 29% * — Jan 1.75 13 28% * Car 110 108% July 400 preferred 25 National Drug ft Chemical common—5 Preferred Feb 14% 7% National Steel Niagara Wire Nov 106 20 - common 18 Jun 26 — — Jan July 14% ——* Ltd 28'A 16 18 33 % Sep "* 10 14% vt Feb" • 750 X Oct 17 105 8 a90 Oct 21 94'A 25 20 7% Nov 22 Feb 24% Jan 155 17 1F5 27 Brewers ft Distillers of Vancouver Ltd-5 Brit Columbia Packers Ltd class A * Sep 52 17% 35 99% Belgium Glove ft Hosiery of Can com^* Nov 30 17% —— Co 16 26 common Oil Co 2% Jun Apr 100% X 110 16% T Jan 104 33% a29 a20 28 t'-.X X,: -XX Paper Eelding-Corticelli 7% Jan 13% jun 15 25% 19 2,045 52 .l(ty) . X Bickle-Seagraves Ltd Feb ———3 — Jun 16% - Ltd Bathurst 38% . — STOCKS— Steels Atlas Jan 24 50■ 110 * 16 . Aug 104 ———* 25" ! , Sep all5 280 Montreal Curb Market ' - :1--' Jan 29% all5 20% —10 . Mar 14% 29% 20% a26 26 10 '.t- 12 17 29% July ' Aug 15% Mar 35% 38 5,033 100% 100% ; X - 125 54 54 % 245 .... —10 — «. 95 Jun 24% a99 37% —10 — ■ Sep Feb 2% 15 135 ! ' July 10% 88 13% 16% 207 890 18 ——25 22 19% Apr-* 55 11% 29 — Anglo-Nfld Development Co Ltd 30 t— L xx*'; Oct 315 18 230 21% . 26% Mar Aug 15 16% 29% % 100 18 _• 21 3,930 r 23% Jan Jun v, 45% Jun u Oct Nov •.>••• r Oct, 16% . common 33% 24,730 1,717 A)- S) ft 15 % t 48% : 477 :r 26 "I* 21% Mar 24 com_ (Robert) Molson Breweries Ltd Montreal Locomotive Montreal Tramways Morgan 80 185 89 29% 47% * 34% .100 17% Jan 24 7%. pfd—'——100 Mitchell National Jun 3,105 X- 22 • Murphy Paint 35% 13% 17% 34% 23% 16% - .100 10 .. al3% al3% 15% 16 ■ Oct 2,340 35 Nov • preferred (J 16% 25% 170 34% • Scotia Nov —25 Ltd - McColl-Frontenac Vz 14% Massey-Harris Mitchell 29 22% ——100 — 22% • —- 5% 750 46% a 22% XX. 7 *■ 22% Mar common_5 , (John ; Ltd Apr 2,315 MacMillan Export class B— Mailman 20 45% (John) Lang & Sons Ltd Laura 11 Jun 11 24% 92 A__ — 8% Mar 50 common Service Labatt Limited Jun 45% pfd preferred Public 7 Feb 10% Nov ■V 91 —10 Feb Feb al6% ix class - Nov 21 Jun 35% 89 X Nov 51 25 16% Oct 42% 16 ' 48 —100 25 A19% 16 48% — : X 160 • — 8'>> 14% Jun 31% *Jan 1,694 ~ 31 a Jan 86% Jan 775 22 10% —50 — Lake 22 12 • Nova 24 70% Sep 36% Jun 1,230 ■ 21 -:5 170 Worts- Jan 30 Oct 820 50% - 96% ' Oct 15 122% 20 86 Jan - 2,200 , 28% 17 • International Nickel of Canada: 7% preferred .1. International Paper common— International Petroleum Co Ltd International Power International Utilities Corp__ Jamaica Feb 7% 23 ———100 — International Bronze 6% Jun &20 a34 18 common preferred- Intercolonial May 20 325 * ——25 preferred 5% 11 81 620 150 a90 .100 common preferred 20 155 • 95% — Banks— Jun 15 Montreal 46% 17% 23 5% May 9 19% 7% -loo — Limited Feb 9% 35 a34% * 4% 4%% Jun 1,360 1,572 24% 28% 7% 10 Smelting Corp Jan 34% 1927—50 Imperial Oil Ltd Imperial Tobacco of Canada preferred Indust Acceptance Nov 11% 50 65 common 40% Zellers Sep 7% • ——— Aug 8% Jun 24 ' • Paper preferred Hudson Bay Feb 17% 110 Bridge Smith $2 Feb 17 135 99% 7% ft Canadienne 105% 105% .100 13 27% Commerce Dominion 9% ; a20 * - Jun Oct Jan 100 General Bakeries Ltd—. General Steel Wares commons— v 95 15% 10 -• preferred Jan 100 — preferred 8 25% 5% 11% 19% ———* Eddy Paper Co class A preferred Electrolux Corp ——,i Famous Players Canada Corp Oct 36% 18% pfd——100 Paper 23 % May Jun 19% "35 —* cnemicai common—• Winnipeg Electric 46% 20 Ltd & 4% % preferred Wilsils Ltd ——; Oct Jun 42% 28% Jan 24% 21 19% - Apr May a29 • Oct 103% 4 a20 common Nov Jan 5 21 14% Ltd 17 a9% 9.65 47% i- — (George) May 19 ——*' — Weston 8 40 7% Jan Oct Feb 20 99% Corp. Grocers 11% 18% Steel———-—* common—s.v, 7% 24 a20 Western 24 19 ——-35 Nov 18 Jan 20% —25 Cotton Oct 16 0 preferred— Nov flov 12% 100% a 150 0 ——1— 17% 62% 23% ~~ common Jun Jun 10% Mar 65 21% Power Gooderham 150 40 Bridge Dominion Coal 6% preferred— 25 Dominion Dairies commmon ——:——* Walker 715 14% 14% 104% 105% 105% ■ Wabasso II,744 9% 14% —'.5 Oct Steel 16% 116% 9%" United 45% 205 50 47% Canada commoo* 39% 960 8% Feb 12% 3,045 5.90 * preferred Nov 14% of 3,610 12 85 A Thrift Stores Ltd Tuckett Tobacco 7% 27% 27 16% Steel Co 17% 62% 52 i. 21 —100 Canada 20 150 ;■ 9 8% ————- — 35% 5% Jan Nov 5,050 50 60 Co— Chemical preferred Jan 106 Jun Jun Press % 9.50 85 24 preferred Standard Feb 37 % class 24% 19 30 8% i 4%% Oct 24 Jun 13 34% 99 —1 Jan 19 43 % 16% - com 63 v Jun Jun 15% —100 34% July, 76 35 Southam 24% Feb 9% 95 8% • Canadian Locomotive I,265 8% preferred—— -25 Canadian Foreign Investment • — Canadian Ind Alcohol class A Canadian Pacific Railway Cardy Corp class A 12% Jun Ltd Southern 15% Sep •' July 100 2,971 38% Canadian Cottons 6% B 19 180 25% • 18% 30 15% series.— —— -25 Canadian Converters class A pfd— -20 Class 106 11% 125 $1 10 12 -20 Sep 98% July Jun 8,982 Simpsons Oct 13% 34% 9-15 • certificates % 55 Sep 25 103% 103% common trust Nov 49 1,870 24 preferred Nov 22 % Jun 33 Jan 30 • - 96% Jun 12 40 24 105 common- July 177 a25 a25 Canadian Celanese common.*—— $1.75 14 34% 7% Voting Oct 103% 14% a9% . 27% A.pr 43% a al6 15% preferred Jan 16% 9.15 Nov Jan 181 n Sep Apr 32 % . 37 ' 61% - 100 Flour Mills common 4% 56 20% High 24 173 Vb 101 349 565 < - 12 — SlCKe Breweries Sep Sep 6% Jun 18 15 ' 56 62 Sherwin Williams of Canada com——* 35% Jun 50; a97% a98% 23% I ,x 21% 27 Oct A 16% May 8% Aug Oct 6% Jun 895 -100 - 250 2,902 common 5% Class A 8 29% a97% 3% 4% Aug May 10% Series 437 ' 48% 41% — Paper 1st preferred preferred « 2nd 27 47% al4% * 3t Lawrence Oct Jan 43% * —.— Shawinlgan Water ft Power Jan 17 27 34% —50 Foundry 1,031 1,025 29 % Breweries Bronze Jun 33% « preferred preferred Canadian Car ft 6% St Lawrence Nov 3 Jun 29% 100 28% 2 34% common—10 90% 14 3b 7% Jun 2% Aug Feb 120 13 , 24% 515 • Safeway Ltd 4%% Canada Steamship common Canadian 2% 16 12 87 702 20 X Canada Canadian 5 34% n Apr 770 6 12 —* $1.30 preferred Canada Iron Foundries 34 24% 2% 16 6% * —5 1,265 26% 26% — lit preferred 2nd preferred Nov 18 Low_ 33 * 26% 17 Transport Power Saguenay Power 4%% preferred Corp common- Nov 14 % Jan 605 56 * • 21% Sep 12 Feb 28 2% —i—* 11 17% May 22 90% 2% 27% - Mar 4,162 26% 90% 277/s —■——„—-* Burrard 5 io 26% • - 26% 8 Aug . St Lawrence Sep 168 • Jan 38% Feb 14 a 103% 103% 48 -1 Royalite Oil Ltd 26% Jan 6,289 1 Provincial Quebec a— 22 * Mills Jun a— 20 170 26% —* — — 410 31% 103% —* - Power Corp of Canada Price Bros ft Co Ltd common Oct 77 41% pfd.. 100 Britisn Columbia Forest Products • British Columbia Power Corp cl A—* . 21 10 7% Sep 21% :———-—* ; 100 —— common Powell Apr Oct Jun 830 24% Ltd 24 33 * com Range Since January 1 High al70 __ • Placer Development River Co - Nov 9% 40% Co.-—* Bruck 5% 26% Jun 21% Note Class Jun 6% Jan 41% American Oil common. Preferred Columbia 41 61 a35 preferred Penmans 13% Oct 61% Jan 25% Jan 25 5% Products Heat ft Power Shares 23 24 Jan 925 a77 a35 Oct 9 30 7% a77 24% 103% • British Brit 375 Jun 25 Telephone Bralorne Mines Ltd Brazilian Trac Light British "1,015 26% a8 7% a77 pfd—* class 57% 26% a8 100 ft 2,460 5 Steel Light for Week Low common--.*; Iioa Page-Heisey Tubes Nov 99% July 8 Apr 12% Oct 15 13% 25 preferred- 19% 22 Mills preferred Ottawa High Jun Flour Ontario 21% Nov 9% May 16 200 13% * Asbestos Corp Associated Tel & Teleg class A 5,391 5,518 ' a9 55% pfd »— 21'/a 22 a9 13% — Range Since January 1 LOW 24 24'/a 103'/a 103'/a 100 7% High 20'A - common Shares 20 Vs 22 — Algoma Steel new Aluminium Lta for Week Low : common preferred Acadia-Atlantic Sugar class A 5% preferred Agnew-Surpass Shoe Ogilvie Range Par Abltlbi Rales of Prices Sales Range of Prices Far Week's Sale Price Week's Last Sale Price Canadian rials ni/ ■ Number .4855 % ¥¥/¥• Volume 170 ^ V ' COMMERCIAL & FINANCIAL CHRONICLE THE ; T ;•> : ! TThursday ' Las! L\,J•'•¥; . ■t -i,:..... Week's Sale Price J Toronto Stock for Week Prices or 11 Sales , Range , StocKS— WEEK ENDED NOVEMBER RANGE FOR . Range Since January 1 Shares , M LISTED MARKETS CANADIAN . ' v '' .,:f' ,'V Lowney Co Ltd MacLaren Par . (Walter M) Power Maritime Teleg Paper A Oil 4% Island Newfoundland Scotia 6'4 Paul 23% Aug; Lt & Pr Pr Co Co common 125 " a45 ' / ' 12 Jun 92 8 . a__ :,.'_«e-9'7> •:¥7 /A: Abltlbi Nov > '7. ./v," Power 830 a20c ¥" 100 \ 1.25 Jun 22 % a— Sep a— • —* 28 Mar 37 Mar 76% 4% 4% 15% 53% common¥_l0 7 pfd__100 22.75 22.75 vi 22.85 Apr 51 Jun 7 Nov 35 a47%/¥¥ Jun a__ 7 Anacon Anglo Feb / 54 9% Feb 24 24% 103 class A a9 Soutnern Canaaa Sourhmont Standard Union Co Invest of pia B 70c United Securities Ltd Products Ltd Ltd (J .——100 ' Metals Barnat Pfd_-_ 55 Base* Metals 225 ' 17 - 25 250 I) "" 9 | ^9 - : :___ —; ' « ; : «• i 47c * 25 Atlas Nov Jun 12% Janf Aumaque / ¥ 2c 1.08 47c Nov lie 10%c -lie 1 4,200 9c Jun 20c Jan 46c 40c 47c 71,800 16c Jun 68c Jan * 4.35 4.35 4.75 17,355 * " 9.50 9.70 28c 28c 32c • ,4'Ac 4'Ac 5c 6,000 33d 32c Mining Corp Ltdr---- ---0 ' 34c ' Oct 3c Oct 65c 1.01 Nov 20%c 7,2U0; Jun Lake Gold Ltd_^J_____*__'i Mines jBordulac Mines Ltd Eouscadillac Gold 1 1.12 65c Mines Consol Mines Duquesne Co Jun a3c 7 19c 5c Base July Mar 30 5c Mar 25c Feb 5c Jun 39c Jan Bell 5'Ac 5%c 10c 29c 5% '' 2__1 ' 5c 7 24c 5c __1 „ , V Eeatty 10c Jan Feb Berens River 3%c Sep 16c Jan Bevcourt 88c Sep 15 %c Feb Oct Mines El Ltd Gold Oct Blue 1.20 Sol Gold Mines Pormaque Gold Hollinger Cons Hudson-Rand Ltd Gold Gold :___1 25c Feb '9%c •."••¥1,500 5.00 25,550 41c 52c 13c 10% 500 ¥ 22 10% Mines Ltd——__1 147/8c 15c 35c Brand 16 %c Jan 5.10 Nov 52c May ; Kerr-Addison Labrador Millen & class Brazilian Gold Rowan Mines Ltd.— Lake Shore Lingside Mines,Ltd— Brewers Sep Brewis Red British American 3,000 5c May 14c Sep 4,000 4c July 10c Mar 12% Jan 4%% preferred British Columbia : 16c 76c 8.75 May 230 - 9%c 3,000 Feb 23c Mines Gold Louvlcourt Ltd.— Mines "43c British Sep : ; Malartic j Gold •,* / - . ■. • Fields Cons *n, < .• Mines Norlartic Mining Norseman Mines 19% 4.90 5.00 a7c Gold Crow Pitt Gold .t . * ' ! Ltd___ 425 11% 15% i;' 3%c 3%c 7 18c A.tl y V 21c v %•* ^ 45c 45c 1 . ' 16% Apr British Ltd Ltd. Sep Broulan 13% Nov Mining Co Ltd Sep Bunker 37c 37c 1,000 30c Oct 49c Sep 2.82 2.95 Jun 3.70 Jan 11c 12c Jan Calder Sep »Caldwell l_l_._i.'__l Mines___7—-,__1 5, ■'> Develop 8c ' Forest Co Burns 1 1.61 Nov Calgary 2.28 Aug Calllnan Sep 300 1lc 1.47 July 4,200 17c Rochette Gold Mines Co Ltd_i_ ___• 5c 5c 8%c 58,400 2C July '19% Mines Sladen-Malartic Stadacona !,i: Ltd__ Minse Mines 11c 2.67 1 1 ^ Ltd., Standard Gold Mines Ltd Sullivan Mines 67%c 55c Sylvanite I -1 Gold 2.50 ^ 6c 3.40 ' class Linen Flin Hughes Gold Torbrit Mines Mines Trebor Mines Ltd.,—i United Asbestos Ltd:._____. l '- Ltd-*,—1 Upper Canada 7 ; Corp Ltd Mines 1.I8 1 58c v ____1 . 1.22 9c 2.89 3.15 61c Nov Canada Foils Nov Canada Foundries Canada Malting Canada Northern Packers 14c class class Vinray Malartic Mines Ltd.__i_—___l Waite Amulet Malartic Westville Mines Ltd Mines Oct 3.35 Sep , ;'/'•• Dominion Central Leduc Cons Class Jan Jan Decalta Oil Jun 3.45 Aug 1.34 May 73c Oils * 10 / May Jan 1.25 May 4.75 Sep 2c 5,500 v " 6.90 800 Jun Jun B Class & Canadian .1st 7%c Sep Feb 10c Jan 12c 1,000 8%c Jun 36c Jan ./.% • 4.40 Oil Ltd ___'_ Ltd Gaspe Oil Venturis Ltd.-. » « i —1 10,500 1.35 1.38 3%c 5%c 47c *___» i___ 5,400 25c " 47c 51c 2 000 14'/2c 16 %c ' 16 %c $ 1.43 1.35 13% 13 2.90 5.30 July 36%c 70c 8,375 Jun 20c 1,000 . Oil Co Okalta Oils Ltd-._*__* Oils Pacalta Ltd Co Pacific Petroleums For <■ -_____90c — Omnitrans Exploration South Erazeau _• Ltd Ltd / Ltd— see page ' 42 - " __ 9c : ; May 1.65 , New Jan Feb' 63c Oct 17 Jan 25c Sep'. 875 4,100 8c Jun 20c Feb 6c 6c 6,700 5c May 9'Ac Jan 34% 34% 90 27 May 35% Sep 3»/ac Sep 8,700 : 3%c 3%c 1,580 14'A 14% 115 28 28 50 16% 16'A 16% 255 7'Ac 8c 1,000 12 : \ 1.60 , Jun Jun 3.05 Jan 5c May 12'/* July 14% Nov 24 Aug 29'A Jan 12% Jun 17% 5'Ac Jun 17 Jan 12 145 7.55 7,830 3.75 Jun ,6'Ac 5,300 4%c Jun 9%c Aug Aug 60c ' 30c Nov Feb Aug 5'Ac 50'Ac 55c 12 14c 7.05 7 7.05 " 5%c 10c 8.25 Oct - Nov 22 Jun 35 29% 29 29% 170 27 Jun 30 Feb 11% 11% 100 10 Aug 11'/* Nov 26% 26'A 100 26 Mar 28 Jan 43 Jun 51 Nov *—1 __ ; _ „ 50 51 240 10% __ 2.70 Jan 10% 25 3.75 Mar Oct 11 Sep 36 Nov 36 235 19% 625 14% July 187% Mar 195 195 195 52 14% 14% 14% 134 12 Jun 20% 196 15Va 37% Oct Nov Sep Sep 33'A 34% 96 33% , 82 82% 50 79 V 32 115 7% 32 77% 85 5'A Apr 25% 26'/a 1,155 22% Feb 26% Nov Oct — 82 4 Jun Jun 36 19% 4 8% 29 719% __ ;—4 __ — 26% # 2434 Jun May 83 May Jan 32 Nov 8 Jun —• 24 23% 24 3,545 Jun 24 20% "20% 21 4,235 13% Jan 21 Oct 20 22% 22% 23 620 22'/* Oct 25 Mar 4 20 20 20% 265 13% Jun 20% 12 12% 150 Jun 14'A 14% 15% 240 Jun 17 Jan -26 Nov —4 : — 15% 4 ,19 25 26 670 19 Jun 38% 39'A 70 35 Jun 22 23'A 450 945 90 20 Aug 18'A Jun 4'A Jun 39% 23 Jan Oct Oct 5% 4 Food Class 9'A 13 Nov 22 24 5% 10% 11 385 8'A Jun 13% Jan — 4 8% 8% 9 542 8% Jun 11% Jan — 27% 27% 205 Jun 36 V* Jan 70c 72c 7,700 55c Jun 85c 15 50 12'A Jan 11% Jun 4 Products common A Canadian Indus Alco "A" voting _4 ,.' — , 5% 28% 8% Jan Oct Jan Canadian Oct Canadian Malartic 32c Feb Canadian 89 %c Feb 8.50 Jun 13% Jan Canadian Wallpaper Jun 14c Jan Cariboo 2.00 May Locomotive Oils Cos * Tire Gold Corp — Apr 3%c Jun 9c Nov Central 5,550 2.10 Feb 4.00 Nov Central * — class B —*—— Castle-Trethewey 59,500 Jan Central Leduc Oil Patricia Gold Mines Porcupine 4 4 common.— Canadian Pacific Railway * 22c Jun 14% July 650 1,316 — Jun Jun 30c 11c 7-7: Dredge 10c 10 %c 12,500 V . 4,900 common Jan 1,500 . Sep Feb 2.15 preferred —25 9c -■ 55c 37c 10c 25% 39% 4.00 • Jun May 51,700 Preferred 11c ll%c 7c 2 18c 2.05 25 Canadian Celanese Feb 3.75 lie . 13,200 14'A —*—20 59c 2.60 25c 60c Car common 1.20 2 05 2%'< ¥:¥ .500 24c 3.45 — 12c 8c 3% Oct 34% — Nov 2,500 July 3.30 * 600 3.75 ' 9c Jan 7 common.——:—* Canners Aug ' 13 28% 16 __ 4 30c 14,907 Jun 33'A 1_. '" * 2.00 8%c » ____1 Petroleums Ltd—_.l footnotes __ ; 25 24c ; 4 — 1,500 1.51 / 13% Jun 5% May 20c ; _4 A Canadian Home New 1,465 10 Oct 2.05 Mortgage——100 3%c ' Oct 10'Ac • 2,050 " 28'/a 51'Ac 16 21c 50 Canadian 4.75 ' 7%c May 15% * —4 preferred i 4.40 3V2C __ Co Ltd___I ' _• Jun 3.30 — Canadian T 24c Corp ¥ 52c v ___* preferred Class Nov Dev 230 2% r 25c :, • A Canadian Breweries Canadian 6c 12c 50 6'A 27'A - 12 6 28 2'A 3,050 12 6 Canadian Bank of Commerce—*—10 Feb 3c „ Nov 3c Aug • 4 Preferred Jan 3,000 __ 17 13% July 60 4.500 Oct Power class Permanent 15 32.500 1 ¥ 17 4c Jan B 4%c 6c — 17 3VsC Jan 1.28 ,5c Oils Ltd Co v Sep 34% Canada Wive & Cable class A 1.90 Aug 6c ..; • Oil Homestead Dalhousie ¥ 3c 2%c Feb 21'A 3 T Oct 6,500 18 Jun Jan 16 %c __i_4%c Ltd Anglo-Canadian Oil Co Ltd British ' 9.95 _i.___.__l ' Wiltsey-Coghlan Mines Oil Stocks— __ 0 Ltd Mines : • A Nov 51,900 Nov 17% 2% A_— 2.75 3.25 Oct 16 20 15c Aug Jan 25c 50 6,810 1 May 8c 1.25 Oct Apr .Nov ——• 3c 42c 45c 11 Sep May 2% Preferred Jan Conv West 20'A <* Cement common Canada 4,500 ¥ 19 2,086 10,800 ...'77 76c 2% A Canada SS Lines common 22.000 10c 54c ' 11 16 19 1 Sep Jun Nov 8.25 Mar 25c * — Oct 2.90 23c 30c 4 60c 74c 2,000 16 • 98c 100 May 25c • Jun / lie 10'Ac May Jan common Mar 3.40 1.18 9C 1 Ltd . 1 3,600 30,709 101% Flon 25c 1.35 15c May & Edmonton 41c 1,000 Jan 54 23c 25'Ac 1 2.200 1.30 May Sep 16c Jun July A—— 22,352 1.500 36c Oct 97 * 42c 21,600 May 46 50 56c 10'A ♦•/>'; May 10c 18c 4%c .•■7:77. 14c 25c —• 20c ' 60c 55c 48c • Sep Oct Apr Mar 317 Canadian Bakeries Teck 51 • 9.15 32c II,800 5'Ac • * 21 f Jan 14% May 43% 10,400 33c 5c 51 5.00 Feb 205 L 8%c Jun Jun 1.25 May 8,100 2.75 y 1.80 * 1.80 " , * 71c 1 10c 2.57 ; i_._, 1 Mines LtdJ,_i____,__l 35c - 30c __ 1 67c Jun 5%c 20,000 v:vt~2,300 34c ♦ 11% 500 c 11c 2.78 35c Ltd Cons 8c 1,200 7 8c 55c Ltd (1944) ¥' 2.60 5 <'67%c • 21 ' 8c * 50c Sherriu-Gordon Mines Ltd Gold ' , ,7„_1 Santiago Mines Ltd— Siscoe ' 500 July 90 Campbell Red Lake t 2.05 Oct Jun 19% __1 400 38c 38c 38% 100 — Canada Quebec Manganese Mines Ltd Queraont Mining Corp Ltd___l. 8.00 | 7 12 2,160 99% Products Oil class Calmont Oils 17c __ /y 8.00 10'/2 0 2.50 17c ' • 8.00 - : 89'A Bousquet Canada Ltd 13,764 7 , 3%c Co & Jun • Jan 17% 75 13% 41% 99% Class B 1.08 May 500 2.05 23 22 • 89'A Packers class A Steel 1.85 s Jun 22 5c Hill Burlington Mar ' 200 8c, .; 2.05 __ 1.17 Jun Jan ;_100 * 5,100 4c 65c 90% Porcupine Building Jun Jun __ • Jun 1.45 20c 26% Products 8.50 12,600 15,300 13% 1 , 34c , Mar Lake Oct 31c 2.35 May July Red 3.40 Apr 2.10 ^ 1.06 40 % 30c • .1.68 Sep 13% __ 1 Jun 2.10 65c 86 Canadian 18c 1.60 3,200 24 Ankerite 1,625 2.10 Oct 68c 22 Buffalo Buffalo 72c __ 1.14 2,730 Buffalo Jan 300 J.:?. Nov 4,210 Jan 2.12 12,782 2-10 96c 26% 70c 19c a85c - < Oct 9,950 26% May 8,000 a23c r Oct 40 * 1.08 32c ; 1 2.82 _• Oct 38 41'A . * a85c —1 28'A Jan , 26% Bruck Mills class A 4'/aC May Jun 3 5'A 805 : ; 26'A Buliadison Gold 5,U00 25 34% July 1,170 2,020 ' 26% Jan 1.72 Jan 26'A 45c 2,800 11c _100 pfd 6%c Jan ¥ Jun 26% 7 — Dominion a20V8c l 33c 1 May ' Sep 4'Ac Jan 5.700 13% Feb Jan *__25 Electric Class B Nov 6.25 ' • 4.10 27c 66c » __ * 3c''Jun • Jun Jun • common Class B Columbia Power a20%c • . 1 Oil British Nov 19% '•10c Jan 3.00 14c 96c 96c * 8c 3.000 3.30 12% 39% 24,300 :• 48c 3.05 ; f Ltd——,_1 r Mines Domes Jan 15% 13 —_1 Mines Labrador J (ill 6V2C 61c Feb 2.bO 334 1,785 ' 3.10 33 »/s 5 Lake Columbia 11c Mines Gold East L 14% 7l¥2lW , A __ Ltd Porcupine t 18% ___* j: Pamour Quebec Jun 19c _1 Ltd—:—,, Ltd Corp O'Brien Preston Oct 26c a7c 1 Mines Normetal *• ^ . Ltd——.:. Dredging Goldvue Pickle 40c l Mining Corp of Canada Ltd— Nechi 500 18,400 1 : Ltd Macdonald Mines Ltd— New 40c 7__l Ltd Goldfields 27% 373/4 " ,1 Light & Pwr com.* Preferred ■ Apr 61c : 27 Va 38% '¥"38% 27% . • A & Distillers Jan 24 %c July Jun 18% 1 9,666 5 , Nov 55c __i_l 7'Ac ! Traction i/.c 40c Mining & Explor Co Ltd___l Lake 7c Brantford Roofing 13c 55c — 7c * British Columbia Inspiration Mining & Dev Co Ltd—_1 ' Joliet-Quebec Mines Ltd. i_ ;__l 42,525 1 500 11 5 4,700 27c 50 * 15,300 12c Ltd 3.95 20c 14c Jun 5%c Mines 3.65 V 52c 6c 5%c 3.70 23 %c 1 16c 11 %c 38c l 500 11 %c May Mines 17%c 17%c Ltd__—__5%c Mines * Bralorne Mines 13c 10c Bob Jo Boy mar 50c II,300 Bonetal Gold Sep 41c Sep Jan 16c Sep Oct ; Jan 15c Apr 90 %c ; 12% 15 %c 32c May 50c ___i Nov 25c 1 Gold preferred 39c 1 : Sep Oct Apr 1.40 11'Ac 7%c Jun 7% 2,355 13% ltte Jun 10c 1.65 May May 8c 7 Jun 3V2C Mar Jun 8 9c 50c . 6c 1 Kirkland Ribbon ' 300 2,500 __ 10% May 103 12,500 122,260 ; 3,700 —1 — 62c 1 Mines Ltd__.7_.___ Mines — Gold Bidgood 33c . Eldona A Belleterre Quebec 37 %c 19% Mines Ltd _'__l •9c East Sullivan Mines Ltd_:____'7_...___l 4,65 • 4.60 1.40 6,000 • Jun Jan 13'A 1.19 13c 25 58c ^ ... class Bros 19% Duvay Gold Elpen-Rcy Power 7 Telephone Nov 15% Sep Oct 7a/4C 4,750 ^ 15c 56c 7C 1 Mining. 58c 1 , Dulama Gold Mines Ltd., Elder Metals '19% Ltd Jan Oct 12c —• 10c May 8c 50c 7% 2,000 .28c I,000 6,000 8 *__lo Ltd 4V4c » 5'i Co 500 5c 1.10 4c Oct Nov May 12c 9%c 10%c * —_10 * Ltd 1,785 4,700 4c 1.10 '29c , Mines 2,000 • 30c 54c 12c w.10 Scotia 2.000 5%c V Jan Aug —1 Montreal- Bathurst 300 34,300 : 7% 77 1 L Consolidated Barymin , 168.000 10c 15c Jun 1 Nova , — 8c Jun 13'A / 10c __ Toronto 9%c May ' Jun 5 % 60 7%c Jan 51c 1.25 1 — of , Jan May Jan 12c . *——1 Mines of 14c • 7,100 1 . * of .14c 1 Explorations Ltd Courno'r Mining Co Ltd Dome Mines Ltd _L Mines 10c -l Gold Bank lie Ltd.l Ltd Cortez Donalda 2,000 19c20'Ac * Bank 14c a3c Ltd—L—l Ming Mines Oro July 120 19c Aug -3c 490 76 . Jan 70c 3c 1,000 7% 76 1 * Bank 13c Central; Cadillac Mines Ltd_^_l Lebel 4c 9c 7% 76 *9- Oct Sep 1 Ltd Astoria Consolidated Cons '' Ltd..i4c Candego Mines Ltd Consolidated 500 A (1937) Jan 1 Bouzan Gold Mines Cheskirk Jc 7c 17%C 17%c V" ' " Mines' Ltd_ ?■ 7c . 9c 7% 1 —— Gold Barnat Eob's 9c • 10% Feb 22'Ac Feb 2c 50c 400 1 100 5.30 8.65 Mar 8,100 __ Jun 2.85 603 1 ; Mines Bankfield Jan 1.000 ^ - , 65r 9,300 s Oct Sep Sep Oil— Atlas Yellowknife -Feb * Bagamac "' 54c Jan 26% 25c Steels 11 1.01 61% 6,500 13'A 100 50'/*c Jun 25'A May 47c * Mines 11 1.01 . 40% 900 43c Atlantic Oil Aubelle 54c I Oct 640 . 47c 10 Athona Nov Nov :2c *. Ltd 13% • 54c 51% l7%c Jun Oct — 1 Feb 142,000 12% 27c 1 Sep 47c Jan 875 Jun Metals Corp., Ashdown Hardware class 10 41c 27%c Jun 12c Armistice 35% V Apr Jun 55c Oct Aunor — 85c 16c 5,100 common Gold 125 , Jan 18c Porcupine Corp al8 11 9'A 17 %c Mines Preferred 51% ' 6,200 Oct' Feb Jun -7% 5,720 13% <•' 8c 17'/2c Mar 12% 21; 75c " 26c t 70c 57 Arjon 33, i, 50 26% Araus a July 8% Oct 5c * Rouyn al8 10 I,000 1 Lead 51% - 5'Ac 26% Aquarius 15% Aug Oct 104 55 % Jan ; Oct 46c ~ July % Jan , Jan 32% a__ 99 9% May ____ Nepheline Canadian Angro 118 Jan 100 13 Jun Jan 8 ¥¥ 310 /¥¥' 60 14 '24% 41c Jan 104 __ 25 Angto-Huronian A Jan '7/v7 Corp___ Mines 9,013 14 _i » Anacon Lead Mines_ Ascot 44c 14% 25 13% 18% Jun 43c — * —• C)_—; Ltd 108 12% .25 * _ (KiniBi Stock*** Mines 60 43c __ _ Arno 112 Jun 25c 10% Jun 118 ' .. 19% - 24 8% Mar 15 ' 33 33 33 *'■? a28% ¥a28% *28% A __ B 15 .' /• 25 ¥¥__ class Corporations class Wilson * __4 Ltd —J—-2— United Westeel -1 • Corp 17% — luO ; Ltd Canada Amusement Class b% Paving & Materials Ltd Gas United rr a9 17% _4 Russell Industries Ltd Nov 725 8% Ascot Quebec 'TU Corp Nov 22 __ * * Canada High 21% Jun 5y4C ^ , Low 16 103 < * American Yellowknife' Jan Mar a_* 12% 24% 1 f 7 Apex Consol Resources 1,581 3,740 4,635 Mar 20 % 111 j American 22 _______25c common Amalgamated Larder 21% '• 20% * Knife—.j. of 20% Range Since January,1 High 22 ■» 7 *__* Co Low 20% 100 Cons .//•/. • Ltd Aluminum " 20 - Oil Pacific Aluminium July Jun 104 60 -. , 4 15 15 75 7 a47 11 & Aigoma Steel new Sep Feb 200 Alberta Jan 112 Shares * —a— Akaitcho Yellow , Oct 20% Apr 9% 725 r 53% ' ;_40 : a47% '7 16 Va 18 110'/a Mar '25 . 110% 110% — 15'% May 5 45 . 5% ' 15% __ 110'A Gas Nov 50 for Week of Prices Par — Agnew-Surpass Oct bo 18 ¥ 1 Paper common $1.50 preferred Acme Jan* 3 111% 111% ' 11 *" 11 - ,___50 red Feb 12% 390 a20% a20% « (Preferred 7 50c 337 18 111% 1st pfd_100 preferred ; 1,000 76% __ * Paper 7% > ;r & Acadia-Atlantic class A a37 100 :____ Ltd 15% Sa'es Range Sale Price Jan 75% 76% * 2nd 1.15 15 Week's Last STOCKS— May 99 V2 ■. _ Thursday's Jan 27% .f Aug a— High 16% 1 6Jan 60 » 1.10 * ' : _ Pilrity Flour Mill's Co Quebec Pulp & " 7 a20c 1.10 , Ltd—. 10 preferred part 355 - 99'/a u45 , Corp of Canada 6% C 26 7% V- 7% * Enterprises Ltd N Nov CO—¥—5'¥ ;i5'A Paper Service Stores Ltd 6% 18% 99% „—_10 __ & Lt Orange Crush Ltd Power Feb 100 Power cumuia.ive Nuclear Jan 17% ;*¥¥%¥¥¥¥-¥/ ¥/-«¥./ Ontario & pfd Montreal Rmrig & Storage Ltd com—4 Moore Corporation 1.1a _• Nova 39V* 75 ¥¥' 14% - • , 'Preferred Ltd Canada Montreal Aug 18% '7 Mersey Paper Cj Ltd Minnesota 32 „ Ltd of 13% 505 25% & Tel Co common—10 McColl-Frontenac Mica 275 37% 37% Massey-Harria Ltd 6V*%-conV pf J__20 .¥ ¥* Maxwell 14'/a 37% 14% _* ;■ Exchange Oanadlaa Fiida • High 18% / —• Co— Low Lou* ■; ar.firt 4 70c 14% 14% 24 Sep 15% Feb 17% Sep 2? 16% 16% 16% 11,543 4 4 29% 29% 12% 29% 12% 125 32 Jan 30 40 12% Nov 16 1.45 1.45 200 1.05 Sep 1.50 Jan 1.40 Jun 1.95 Sep —1 — — t —1 1.90 1.87 1.02 953 * 1A7 1.23 1.50 90.350 56c May 1 1.01 97c 1.12 60.775 65c May 6,500 14c Jun 1 18c 18c 19c Oct Apr 1.65 Jan 1.45 Jan 32c-* July • ' (1948) 48, COMMERCIAL'& THE LISTED CANADIAN CHRONICLE FINANCIAL Thursday Chemical Research Cheskirk Mines Mines __i_l Gold ■ Halliwell Gold 1.64 17,434 2.85 Feb Halinor Mines _1 16c 25c Sep 1.15 Coniagas Nov Harding Sep ■i8 .50 6 Mar 8 20 13 May 14 Nov >V Oct 2.00 3.20 Jan 4%c 97c Mines 1,935 11 22c 20j/2C 3,304 17c 4%c 6,000 97c 97c l,o00 1.45 bUU Oct Aug Const,.iaated Beattie SSSZi 1 Mines Aug Sep Heva Apr 200 12 12'A 2,865 13 13 50 9% 9c 9%c 8,000 5c 51c .' , 1 Mines : Hinde Oct 20c Sep 3oc ——____—10% 7% 10 10 % 56c 58c 22,775 40c 5c _2 Duquesne 58c 1.06 5c 1,920 4c 375 1.00 1.14 4%c 1 Homestead Lebel Oro_~ 1 Consoiiaated Mining & Smextmg 1» Consolidated Press 11% Jun Sep Homer Dauch Consol 5'/4c 35c 133,606 42c 12,867 18c Sep Hosco Jan 1.00 ,, * 1,500 22c Jun Sep Howard Smith 1.25 Oct Apr Gold * _—____; 30c Jun 83c 3%c Sep 8'Ac Apr 6c Aug 12c Sep 39c 3,900 21c Jun 12,550 6c 62c 5,400 50c 29,600 6c 7c 15% 8c 17% 105 % Oct 12c Feb Hoyle Mining 11'A 4,945 8c 6c 6c 12c Cournor 6% July 35c Nov jttuason • Jan Hugh Jan Huron Oct 20% 81 50 6 123 Jun July D 1.59 1.60 339 1.15 1.15 1.24 4,740 Miils_~—.—14% 27c 6% 125 14% 9 9 171AC 18c 5»A 5,150 _il 53c 53c ________1 _i. 9'Ac 1 14c ___1 ______ Bay Mining 61 Smelting Malartic 8 • , 31c Erie class A * " 12,650 paid _ Jan Oil 10 Detta _• •_ ______ Imperial Imperial Tooacco Red Nov Preferred 4% 30c >' Jan : 14c Industrial Sep Acceptance 5%c Jun 17c Oct Inglis 25,260 16c Jun 43c Jan Inspiration 23% 135 20 Aug 23% Oct, International Coal 8% 50 Jan International Metals 14c 17 %c' 7c Jun 6% Aug 9 'A . Discovery Distillers Dominion ___1 2,600 7'/2C 8c 6,500 5c 3,000 27c (John) May 19 18% 27 V2 27% 28% 28 % uummum Magnesium • 9 Dominion Scottish Invest common____l 4% • , preferred.____50 ' to tores Tar Preferred & Chemical Dulama Gold Mines Ltd______ Duvay Gold Mines East Amphi East Crest East class international Oil Suiuvan Mines.. L Oct 15c 27'A Jun 36 7 Jun 13 Jan 14c 14c 15c 0,000 12c Nov 52c Jan 7%c 8%c 12,700 1 13c Sep 16c 16c 700 July 19c Jan 6c 8c 8,966 4'Ac Mar 8c 15'A Jan 22 Joburke Gold Sep 1 18c 17c 19c 17,450 15%c Mar 325 24% Feb 28 Oct Joliet Quebec Mines__ Kayrand Mining 1 57 c 55c 63c 74,622 26c Jun 63c Nov 5c 6c 1,700 4c Oct Jan 1,860 Jun 29'A Nov Kelore 14c 22% 6%c 7c 1,750 6'Ac Oct 23c Jan 8 Oct 14'A Jan Kelvinator 26 Feb 32% Nov 3% Jun Sep Kenville 495 0 23 Sep 1 1 Mines 5 6%c i.OiU 21 % Feb 35'A Oct Kirkland 17,200 3c Jun 10c Jan Kirkland-Hudson 1 75c 60c 85c 7.200 41c Jan 95c 20 Aug 25'A Apr Kirkland 1 Apr 1.3G 1.34 1.44 30,940 • 2u Va* 20% 21 480 1 4.80 4.75 5.00 2.775 J Ken-Addison , 60 1 23 % > 1 Golden Gate 1 Lake 150 19% Apr 23Va Nov Labatt (John) 100 22 20 Aug 27 Mar Labrador Mining & Exploration Sep 12 May Laguerre Gola Nov Ltd Dufault Mines 1 Fortune Gold • 17c 19c 25.6U0 15c Jun 25c Feb Lake Lingman i 9c 9%c 14,700 5c Jun 17c Rowan 1 Lake Shore Mines Lake Wasa Mining / 9c / >■: - -Z" 570 10c 11 %c 9% , 5,000 1 i,rtUu 2.50 2.68 47 58,750 2,275 47 __ 16 4 77 Jun July 19c "21,050 5% 4.55 7c 5c 6,000 5.00 2.42 4.70 _i 10'A 7.0 11 6c 6%c 24%c 27 U/4C 27%c 40V2C " 51c 16c Sep 10%c Jan 38c Jan Jun 1.83 May 3.25 5.15 Nov 7% Feb La Sep 1.62 Jun 4'A Aug 2J 38 Jan 45 Oct 75 16% 13 % July 17 Jan 4uc 41c 30c 58c 7,250 49'Ac 55'Ac Jun Luz ■' 20'A " 21%, 44c 4.65 15 Va 46c Sep 27c 7,140 Jun lJ 4.75 Nov Jun 16 Jan 39'A 035 30% 12'A 2,285 Aug May 124 55 6c 5 __ 98% July God's Gold MacLeod-Ccckshutt MacMillan 1.30 Sep 20 Va Jun 8c 9c 3,500 24 24 275 99 99 % 45 2.25 2.25 2.40 9,555 2% 2% 6.50 6.90 7%c 7 %c 3c Grandoro Great Mines' Lakes Preferred Great A Paper common West Greening Mines Gulf Lead Gunnar Gwillim For footnotes 1 1 see page 42. Oct 7c Nov 2c - July May 11c Oct Apr Mclntyre 8c 5%c 3%c July 74%c Jan McKenzie 2 %C- 2 %c 85 1 16c : ; 87 * 52'A 10% 1 16c 16 %c 15c - * Milton Sep Mining Jan Modern 12 %c Feb Monarch 9%c Feb Mnntreal Feb Moore 3c Sep - 1 % Jun Apr 6%c Nov 4 Sep 103 Apr 9% Aug 10'Ac Feb - 13% 13% 371/4 3 7'A 3 7'A 22 22 22'A 91/"^ 8'Ac 20% 50c c 20'Ac 5 i/4C 4%c 1"/8 50c ' * 910 12c 9Y4 - - 73 Oct Jan 53 Feb 10% 16 - .To 500 Gold 82c 20,600 53c Jun 86c Jan 1.29 6,800 y;»c May 1.35 Nov 5 %c 500 5c Oct 12c Feb 55c May 1.08 Jan Jun 32% Oct Jun 32 Sep 59c 64c 67c 23,700 31'A 31% 32'A 635 27 31 31 % i50 27'A 5% 5% 10 5 Aug 0 9% 9% 25 9% Nov 11% Feb 18c 21c 43,800 be Jun 45c Jan 12'AC 12'Ac 2,000 8c Jun 17c Sep 1.90 19c A __ 2.80 46c 7'A Mar 2.80 2.95 8,035 45c 50c 15,500 21c May 74c Jan 6c - 6c 2,000 5c Jun 13 %c Jan 34c Jan Jun 3.10 15c 15c 3,500 1.80 56,400 77c Jun 9'A a,.-'-' 9% 1,095 8 Jun 6 Jun 7% Oct Jan 3.70 Sep 7% 7% 7% 1,225 3.20 3.10 3.45 22,740 - 16%c Oct 17%c Jan Jun 16 40 Apr Sen 25 Oct 3% Mar 45c Oct 30c 25'Ac 34 %c 94,100 3.05 3.05 3.35 2c , Sep 1.58 —f 1.65 2c 2'Ac 16% 17 9% 9% 35 10c 10'Ac 16 Vz 93/4 '■ 12'AC Oct 2.40 1.85 10 64,775 30,500105 16c Jun 34'Ac Sep Jan Nov 2.02 Jan 3.45 Nov 2c Aug 4 'Ac May Jan 17 Nov*. May 11'A Jan Jun 15c 10% 8 1,700 8c 4%c 5c 3,600 3c Aug 7c Oct 22% 22 % 3,035 15% Jun 23% Oct , 5c 22% 15% 16% 16,873 10% Jun-' 99% 15% :::ioo 99% 100 400 90% Jun 67% 69 3,348 50% Jan 62c 1 - 62c Sep 16% Nov 100 m. Nov 69 Nov 64c 10,600 71c Oct 3%c 4c 2,000 3%c Oct 12c Apr 10c 10c 1,020 8c May 21 %c Jan 9c 9c 9'Ac 8c Jun 12c 6 5% 6 1,065 4c 6c 11,500 10c !____! » 9 Oil — • ____ 1.15 3,200 1.25 12% 13% 13% 13% , __a Knitting ♦ Porcupine 1 Corp • — 9% 9% 36 %c • Lnrnmnt.ive ;■ 13 13% « 9 36c 20%' 20% 30c Jun 5%c 3%c 7% Sep Jun Sep Jan 7%c Mar Preferred ™—25 95c July 1.55 9% Oct i Oct v 480 38c 3,500 36c 1,165 Jun ' 17 75'A 26% 26% Jan 60c Jan 130 3 r V4 Aug 64% Jun 600 76 --. Apr 14 Sep Nov 15 12% Jan 13% 8.25 45 9% 3 1'. - 1,100 7,330 - 20% 76 common Morrison 4% 80c Jan Oct Jan Brass Mosher Long Lac National Breweries Drug Preferred National Class 25% Apr 27'A Feb 62 2% Jun 3 % Sep 15%c Nov 23% Jan 76 - Nov ——_— class 8c May 39'A 39% 225 8'A 8'A 8'A 245 6 Feb 11% 11% 12 145 10 Mar 12 Nov 14 14 650 12 July 14% Oct * 14" imio 30 Aug 65c Jan National 22c 1,700 16c Jun 25c Jan National Steel 27,500 3c Oct Car 35% 9 , 1 • • 75 21 21% 30c 38c 21 20'A 21 1,360 2.04 2.16 8,900 - Petroleum 30 21 21% ■ 9 i 9,200 39'A 9 A . - 6c Negus Mines 14'Ac 15%c : 5 -13.100 17%c Mar 14'Ac 9 '■ mii 5 ____ common—___ Hosiery - — common __— Grocers B — common Preferred National 9 : 9 '/2c '5%c' 70c 1.21 5 %c Jan July 34 -150 - - 79c 1.22 1 Containers common National i3>/2 Nov 16c May 50 Va -1,000 7 Nov 10% „i Corp 3.15 80 3,500 15c*' J. Lake Brick 9%c Jun 40 ---800 16% Mar 68'A Mills Nov 30 52'A 10'A - Jun 10 • common Lake Red McWatters Moneta --2,000 6%c Aug 13 200 9 common Red July 4%c - 2'Ac July 450 * Gold McMarmac Jun 1.55 3,000 ---:-3.500 x 13,500 Porcupine 5c 4,900 5c c 10% —T.__. - 3c 4,500 Sep May •Jan 16% » Preferred 9c 1,000 7c 2.10 ~~ K 40c 3,000 6%c 12c 16 ^—1 McColl-Frontenac Mid-Continent 4^8 Lake 7.70 Mercury n^/a 1 - Gold Jan 4.75 Feb 1 Mines Oct 1.20 Jan Wire Giiavana 17% - 56c . "• ____^ Jun 19 %c 6c Va 7.30 19 Oct Oct Sep Jun 7c • Coal 2.75 78c Jun 5C • A Jan Massey-Hams 29c 1 <• 110% May 14c 2.00 4 5c 10'A Hi 6.400 9%c 16% Mar 16 1 — Gold 3,500 6c Fields Maple Leaf Milling^ Marcus 18c 9%C 5.80 Mar 50 1,000 4'Ac 4'Ac 1,470 18 6'Ac 1 Mines Martin-McNeely 40c 2.05 • ; 1.55 Nov 72c _i„i class July Nov 18 Va 106% May 37c gy2C 7.15 18 Sep Sep Aug 10'A * Eastern & 65c ' Bousquet Jun 13 -60,550 7.00 6'Ac 1 Gold McLellan 2%C 18 1 Consol 17 %C ZZ50 Mackay Magnet I7V2C 1 ? Preferred Graham 9 2'A July 108 'A 5,000 1 • 2.90 66c • 1 : : Jun Jan 16 1.00J 2%c , 1 common 85 Va 100% 6,890 0C Tire Manitoba 100 1 : Malartic Jan 1,300 16'A 6.50 1 Nov 330 1.15 16 ____1 99% 1.75 25 1.14 ,^1- Gordon 110 7.00 2.00 Sep Jan 96% July 10 2.85 * Maosen Red Lake Gold 14c 27% 375 109% Mines Class B Jun May 20 Va 15 18 % 1.15 • Ooodfish Mining Goodyear 92'A 18 105 105 % Si' Feb Jan Gold Export class A Maple Leaf Gardens 92'A 18 7c 2% 26 60c Jun 1 Jan 700 17% Jan 1 Aug 100 Porcupine River ■_ 8 2,490 Jan 34c 600 1 Lake 12 1.55 10% 5,500 1 Mines Red Nov l Manitou MacDonald Macfie Aug , Gold Feb Nov 7'A 25% 2,036 49c 2.57 1 — 11 Vz , A common.^.^ __i Mines Mines 30 Arrow Goldora Macassa 150 23/4 Gold Gcldhawk Sep 7% 1.45 Feb Oct 11% 24% Jan 12c. 15% !___ 7% : class 8% 64c Jan Sep Jan 5'Ac May * Golafields 11% 100 Eagle Mines Golden Louvicourt Lynx Yellowknife 90c 24% com Mines Golden Oct Nov Feb Jun fic 7c 1.45 May 45c • common 1__ Nov 129 30c 5.000 * A A 40% 12c 7% class Hosiery Mills 12% May 5,200 7c • .. 100 .__ Lake Goldcrest Lac ,■ _» Gold Goldale ■i 37c 2%c Jun 65c °( B Class 3.10 Oct 14% 1 Groceterias London 13 Va 2'Ac 2.50 1 730 2,500 7c * Long 51,900 3 Gold 6,420 99% Lake Oil Loblaw 10.000 98c 3 7c 14% 4%c 2%c 45c Leduc-West 4.80 123 « Wares Jan 2.50 Leitch 15% 11% ,* Petroleum Globe Little Sep 2_ Yellowknife Gold Mines Jan 6.50 89c 3iC • Lexindin Gold 15'/a 38% Bakeries Glenora Nov 74c i 4.65 *•-. ni/2 Preferred Gillies 21% May Jun 19'A 395 38% « _j 23% 2%c 1 Macho preferred preferred Sep Aug May 2.85 * Secord Sep Oct 4c .• 5Va'ic 19 1.85 * !___ Lawson & Jones clacs E__ July 10c 33,200 3%c ■ 92c 1 Mines "U" 15c Jun 6.499 13c « preferred Jun 1 Mines Larder 82c 41c 14c 10c 1 * >___ 1.19 • Mines Lapaska 25c 65,762 12c ; 1 Lamaque Gold Lang & Sons - Sep Sep 12c Manufacturing Exploration 4c Jan Jan : w_ 10 common Sep 23 50c Steel 3 %C 19% 35 V4 • 200 General 4c Feb 14'A Jan 6.500 Giant 13,085 Nov 17% 8% General 19% 46 8'A General 18% 13c Jun 4c Power 13% 5%c Mar Jun 6,000 5 Vc 6,000 Sep 13 Va 80c Gatineau 100 6c 28c 41 5%c Gair Co 32 5%c 9c 50 A 60C Frobisher 32 6c ■ ■ Gold 3%c May 2,845 80c Gold Jan Cc 8VaC Cos Nov 21% July 29 1 * Fraser Jan Nov Jacknife Gold 1 Francoeur ' Jack Walte Mining Jellicoe Mines (1939)_ Federal Kirkland ___?r__iT.vfr:...1..,r F'ord Motor class A__ 54c 2.9c Sep Federated common Feb 9 Sep Jun Sep Sep • Products preferred 7'A 270 Lake ^_100 Petroleum 20c 3,144 Lake • common 30c 500 6,196 Oct _* ; 2,600 29c 38c Class Nickel Players 765 40c 29c 27 Jan » __ 8'A 38c 38c 9 % 92c i A 8 2'A Oct 34% 13 % * Corp Class Nov 54c ;,v: llV'aC Preferred ■ 29 V* 9% May 1 Mines_____—_____ Fanny Farmer Candy Shops Fleet 20% Mar 25% 35c 20 Gold Fittings Ltd 535 33% 38,700 ;__25 Empire Brass class A„____ Fibre 29'A 7 % Apr 9% 64c Gold— Grain Jan 28% Jan Laura Federal 17% 26% 10%' A' Falconbridge 26 % Nov 33% 58c teider Mines Famous Jan 16 Oct * International Uranium • 5'A Eddy Paper class A.. c^uxexa 24% 115 7% Nov 14% • 9% ,_l ________ Investment Pen-Rey 195 16'A Oct 24 0 -10% Steel Sol Jan 26 16 7% 32'A Feb A 59c » East El 6 % 25% Feb 16% 13% Mar- 19% Aug 4%; 22'A • Mines El 100 26 27% common Petroleum 9% 1 Leduc Eldona 620 7%c Feb 10% __l „ Malartic Economic 1,032 53,523 14% Jun 29 22 ___* :1' __ ; East Eastern 32 24 14% 1 * , Feb 31% ,__6 Coke 1 Woollens Mines 22 21% 1 & Lake Donalda Jan 20'A May 34 22% Voting trust certificates__uv_-.-_— Dominion Textile common Dominion 340 Jan Nov 117 22% 23 _,______________23% _„ 22 6c 8 Jun 46 34'A common..* Jun 6% Mar 17'A A'., 3 Dominion 2c 110 17 17'A » Jan 46 — Dominion Steel & Coal class B____i._25 Sep Jan 57 Jun 27% " 4% 41c 39c Jun 2,035 : 9 22 ' Dominion Scottish Inv uoimnion : v- Jun Jun 38% 125 119 : 20c 20 1 27c 23 %c 4,500 8 — Co__ & Feb Nov 14% 25,889 ' 19% __io __._i.___ 1.90 Jan 3c 116 • Mining Feb 32c 34% *1,915 40c 37c 27 %c 29'Ac 18% 33c Jun 39c Ltd.,— Bank 1.20 1.70 Foundry & Steel__ Dominion Jun 1.65 '< Yellowknife 1 27 %e : Seagrams ______19 Va Dome Mines 10c 42,000 11 %C Oct ' Mar 16'A « _____ common Jun 9c Feb 1,500 26,000 8% 1 __ Lake Jan 31% 25 common 2,165 3c £1 preferred Imperial Varnish 23 1.65 Lake Red Jan 12% 14% Canau* orainary_5 01 15c 16 %c Mines Dexter Jan 19% 22% • Sep International Nickel Co Ltd 13c Sep 28 500 50 7% -- , Bank 30c 115% 1 _ Imperial 38c v 3c 100 Jan Nov Nov 72c 30c '■ 9%C ' __ Oils Delnite Oct 4c 75 48% # A. 13c B Decalta Oct May July" ' 48% 1 _.. common 9 v Feb 40c 700 & 6% ' Oct Jun 16c Ltd class 29c Petro.e um Class 16 " Patricia Leather Jun 10c 100 17%c -a- 1 1.45 Jun 76c 13% Aug 2,300 Z 6% W. 10 xMines Aragon Mines Davis 15% 27 c ' 8 Va 160 148% Mar 310 1 Pershing Da vies - 1.60 Preferred Croinor : • common Crowshore 6% 100 Mining Crestaurum Sep Jan 2,500 147,200 34% 35c 36 V4C 35c 15c 34% 13c a 5c 2,695 104% 105% class Exploration Craig Bit 17c 65c 8.75 May 295 10% Feb 13 %C 7,200 17 34% 59c Mar 7%c —IIIIl Howey Gola 4%c Jan 35c 1,000 10c 10 Vic 10% # common.. Nov 1,500 17 I Paper Jan 10'AC 3,060 60c 1 Mines Oct 38c 12 Sep July 4%e 7%c 5 Yellowknife Hunts Conwest 9 7%c ■ Consolidated Consolidated Cosmos Imperial Mar 15c no Feu & 14% Mar 36c ' 10'Ac * 16,655 v 10c 11 %c » 1.25 Aug Jun 9c 9% May 50c 10c • 85c 5,705 Sep Oct Oct 4'Ac • Ilighland-Bell High ridge Mining Highwood Sarcee 1,000 32c 60c Jan Nov 5,250 1,24 Sep 12% 7'Ac ' • 1 _ 1.24 10c 1 _ 7'AC 1.60 11c Mine3 Gas 12% 28c ■ Aug 10c 1.10 Nov 3c 4.50 Jun 9% " consumers 8 9c 1 Mascot Gold 13 3.50 Mar 28c 1 Jun 1.32 10c 1.10 Consoiiadted Central Cadillac _____;_„„1 Consolidated 1%0 4.25 9% • Gold Hclbnger Bakeries Jun . Gold Hedley 6c 1 Consolidated 14 4,000 12 Gold 30c ___1 Ansley __ Heath Jan 64c 1.40 • 15 May 4C 4%c 5 Consolidated Astoria 3,266 2c ' Carpets Hasaga High 18 2c : • 15 20%C " — Low 17% 4.25 Headway Red Lake 14% 1 Petroleum Range Since January 1 High Nov 14 nara Shares 2C * Gold Harricana 14 14 1 ____ Mines Coxnaurum Jan 6,000 17% , _ Consolidated Rock 5%c 45c 8,904 _• Bridge 2'Ac July 13,000 45c 2.85 8 _, Oommonwea.th Hamilton Alabastlne & Hamilton Cotton 24c 3'/4C 14% Yelloaknife 210 1.75 May Oct 35c ■■■ Lake May 1.15 2,70 Dunlop common A Coiomac Oct 10c 500 V 1.15 3c 1.45 Lime for Week Low 1 3c 1 Cockshuft Plow Coin Gypsum Jan 37c , Class Mar 10c 2.74 — Willans Cochrane 98c May 1.60 , 'V 1 Oils May .4c 16c Malartic Citralam Coastal 41c 1,500 16c 1.60 ______—-—_* •••;: cocnenour 7,000 5c - Sales Range Par High Low Week's of Prices Last Sale Jfrice Range Since January 1 High 5c _r—._T_T_1 -— Chromium Shares 60c C2V2C 62c _____~_l Cnesterville Chimo 50c _ ____ STOCKS— for Week Low h " Thursday Range Par ' JI Sales Week's of Prices Last Sale Price Mcmdajv-November" 14j-1949 MARKETS RANGE FOR WEEK ENDED NOVEMBER STOCKS— ; • 2.10 r 80 ■ ( * 35% Mar 27'A 8'A Apr 13% 39'/a Jan 450 15% Mar 8,100 30 21'A 26'Ac Nov 16% 1.95 \ Oct "Nov Nov 21% Jan 23% - Oct 47c Jun May Nov Jan 2.63 Apr - COMMERCIAL THE Number 4855 Volume. 170 CHRONICLE FINANCIAL & (1949) '-41 % CAN AD I An liste d RANGE FOR WEEK ENDED Last Par Neilson New preferred Low 103% __100 - IOC Bidlamaque Calumet -I-Il 1.35 1 Mines—___ 22 %c New Goldvue ___;£__— New Jason New Marlon Gold Newnorth Gold New New Pacalta Oct 31c 47c Oct 33c Oct 56c 4,785 20,200 9c 11c 3%c 3%c 45,850 1,000 3c 6,500 3c Jun 9c 9%c 9c 72c 3%c Mines • 5Vic July 12c Sep 26c 36,750 2,500 * 2.80 2.80 2.97 • 5,919 40c 3%c 15,965 Gold 4%c 4%C -1 4%c Northern Canada Mines —£——___ * 48c North Extension _*—_—£■ * 12c 12c 9c 9 Vic Northland Mines ; — North Star OH common— 9%c 1 . 11 : Gold £ Mines 1 2.15 2.10 1.97 1.96 2.10 23c 21c 27c 3Vic 3Vic Nov Taku Sep Feb Tamblyn Ltd common__— Taylor (Pearson) common— Jun 9c 1 9c • - _ Ontario Steel Orange _ ____ —50 Orlac ■ 7c 8C 1.03 1.05 1.15 Mines 96 Vi NOV 8 Vic Jan 2.15 17,300 Jun 2.27 pet 24 c 3,500 Toburn Gold 21c Page Hershey 4%c Pamour Porcupine 43c 1.82 16% 16% Pandora Western 53c Tower Jan Feb 27c — Parbec 3c July 6c Sep 3c Jun 9c Nov Piccadillv Pickle Class 125% Oct Feb 32% B Twin • City Oct 22 Feb1 Oct 70c Aug 7c Jun 16c Nov Jun 6c Jun 20C Feb Union 5c May 12c Oct United 45C May 7c i' 1.17 1.19 10% 10% 300 11% 11% 100 Reef Porcupine 43c 43c 490 1.18 Aug • A '23% 24% 23% 50 "i 50% Sep i United 1.55 1.69 96c May 1.69 Nov ' United Oils 5c 4c July 9C Jun United Steel 73,465 : 6%C 4,500 15c 16 %C 2,517 4% 15c 4% 4% 1,000 3c 6,000 8Vic Sep 24 %C 3c Class Apr > " 8c Apr Jan 6c 2%c July r . Sep B Predion 7 V2C 55c Jun 89c Jan v 20 25 27 Feb 2.10 2.10 2.23 3.60 3.GO 3.70 i ; 7c 7,500 • 15 %c Mar Apr ■ . 8,160 1.71 1,500 2.70 3.00 Mar ' Sep ^00 Jun Sep 17 17 50 16 Jun 17 61c 16,580 55c Feb 90c Apr 15c 5,800 15c Oct 65c May 9% 815 6 Feb 13% 14% 9,680 8% Jan 17c 18c 8,545 29 29 25 ;24% 25 565 18% July 25 % 17c _ ' . — . w . 9,700 30c > Jun 43 ,1,675 33% Jun Nov i 1.16 4,450 65c Jun 1.30 Sep j. 1.07 3,600. 57c Jun 1.25 17 16% 17% 12% ; 12% 2.12 6% May 18c 18,250 16c 0 70c 1,100 46c 54 170 47 Jun 55 105 17 Mar 23 3.30 6,825 13c 15C 5,090 Roche 19 V* 19% 72c 18,417 21 14,167 87c > 85c 1,700 9% 9% 2.35 40c Oct Class Roxana Royal Oils > y.v 7 1,065 3.35 173,985 5.70 5,651 9c 500 6c 30c 42c 24,000 26c 9.80 10% 6,120 34% Eank 21 - Nov 1.18 May 8 Sep 9% 3.75 Jan May 8%c 4Vic 4Tie 3,000 2.25 2.25 200 23 75 26% Oct 10 10 75 9% Oct 8 Vic 8c 8 ViC 1,500 6c 3,800 23c Aug 26% 27 % 2,200 24% 9.10 9.45 9,555 18cl9%C 9.15 Roybar Chibougaiw&u Rupununi Mines ' 1 1 18 Vic • 17 common 4 4 Vi»c- Vic 17 1st preferred—2nd preferred new— —; 13c 9.70 4Vic 4,500 3c Jun 10c 17% 830 14% Jun 18% Grocers common 104 101% Mar (George) __1 9 9 600 4% Jun 9% . 49 24 24 45 17% Jun 24% Jun 9% 50 50 50 50% 285 37 1 4.00 4.00 4.30 8,600 1 6c 6c 6%C 5,0no 15% 15% 25 ._£. — 15 36c 15 Preferred .1 . 38c • 24 24 24% 47 V4 47"* 47% 50c Sick's Breweries 2.70 . _ Silknit Ltd Class B Slater (N) Co Fat footnotes July 5 VBC 5%c 12,500 _ :;1 • page v ,14 8.65 100% 35C 36 Vic - 14 5C ? May •32 Vi 32 Vi 55c 19,600 10 V: 9% 10 920 28% 28% 29 355 .____ i.—• 38 4,883 27 Feb 38 101 25 97 May 101' 5c 103 16 16% > 2.35 2.53 6,805 36c 10,900 33c Nov > 2.38 ' ; 32c 1 95c' Mines Yellowknife 32c 1 :_T * • 4c 16 115 Jun York * Mines — 30c 13,000 18c 13,700 61c cf class * A 6% 6% 6%- 2% 2% 2% • ■ Toronto Stock 1.15 STOCKS— 1% i Jun 3 100 33c 35 Vic 5,030 66c 74c 39,300 31 30 31 110 20 300 1.500 20 55c " ! 61c 10,533 Mar . Sales for Week ' .Sale Price 41 .,, Andlan National Asbestos C«rp British Columbia Nov Brown Bulolo Low Har w , ^ :— * Shares of Prices Range Since January 1 Low High 25 24% 165 21 80 —; High 7% 4% Sep 200 5 25 80 80 5 75 Sep 3 3 Vs 12,500 2 May 92 93 105 70% Jun 10 Oct 5 i._ ...... Co Pulp & Paper com—,'* 1 common— 3 .100 — __ 12 Vi 12% 13 200 Sugar.——* 22% 22Vi 23 1,290 19 30 4 965 3Vi 800 Feb Canada Sep and 48.. Oct Canadian 20 Jan Canadian Dominion — 2% Vickers common Western —90 Lumber———* 3% Sep Consolidated Paper i 22 Nov Oct Disher Steel common 9.50 ; 65c ; 15 ,<• 19% 36% Nov 23% Jun Nov 1.15 July ;« 2.75 Nov Jun 91% Nov Dominion Sep ' 33 63 c Oct Apr 10 Nov Sep 30 Apr Oct 56 13 Vi Jun 20% Nov 26c Jun 40% ■" 9,085 51c 51,140 13V* 25 5% Feb 14 40V4 42% 410 31% Jan 42% Nov 10,470 2.30 Aug 640 33 75 21% Aug 18 July 2,205 43% Jun 72% Nov 7,915 13% Jun 19% Nov 55 Apr 3.55 ^.30 3.70 31% 30% ' 24 69Vi 18% 53 32 International Paper common International Utilities Oct Jun 4 Jun 56 * Hayes Steel 3% May 20% 56 19% —Zi————• Foothills OH 32c * '• Bridge Apr Sep Apr ■ 48c A——— 60 49 90 47c 19% —• Dalhousie Oil 21% Feb Jun Nov , 13% Canadian Westlnghouse 1.60 Jan 3.40 Feb 16 Vi 23 • Oct 25% Jun Jan 103 July 91 Vi Jan May Jun Jun Jan , Feb 50 Jan 26 114/ Jun 5 Gold 87 59% Oct Nov 3.75 Nov Oct Jan 11% Apr 8% 22 93 99% 69c Jun 7VB Funds Thursday's Week's Last ; , V' Hange ' .,. 3% 295 100 May Sep Exchange-Curb Section Canadian v.-" May 21 35 Vic Oct 48c 6% Oct 145 2,235 965 370 27% Sep • 37c Jun 1,789 Aug Sep £j2.75 Jan 1.00 2% 29c Nov Mar 2.00 May 26c 1* Knitting Class B 51 7.00 May : Nov i.7c Npv •95c 27c Bear , Humberstone Shoe i_——w—24 —— —69% 18% — Langley's Ltd preferred—.—____—100 27% Jan 11V2C Jan i . 5c 16% i._c— Lead Oct 32% 10 Jan 11c 35 % 37% .v-v.. ' 5,500 14 Jan 37c - - Yale - Jan 10% May 300 8:55 50 Vic 20 42. Feb Nov 101 common- X :? 4.75 Sep 15% Mar lie 11 Vic see Oct Nov '26% May 5c 36% 15% 55c i_—— 10c Jun 7c 1,030 23% 450 South Brazeau Stadacona Mines 90% 21,000 6c 36 615 20 ___ ■'■■■■ 30 13c 6C 2V4 21 1 Southam Co Sep 35 . Mar ■ 12c 22% 1.25 1 common 21 22% 1,300 .100 Gold Sladen Malartic 710 36% 56,833 27% Preferred 8iscoe 26% 26 * 20% • Nov 28 • Apr * 1.20 32 Vi __ 35 Jun Canadian Fairbank's Morse com 45 50 Vic •J* Oct 22 29% Canadian Industries common 22% -I class A. 9c 120 450 . 60c ' Dairies 3,375 28 35 16 % May 515 .40 Slmpson's Ltd class A 10c 28 Jun 185 3,000 ' Silverwood Nov Oct 2.79 36c _5 Preferred 51% 30c 2.58 8.55 Silver Miller Mines. Feb 14% 20 Vi — _—_. 35% 16 20% -1 common 60 Jun - 21 Silanco Mining Feb 51% 100 100% Gold 15% Jun 20% common- (Quebec) 9c 17c 1.15 s Voting, trust certificates Sigma Mines Nov Nov 6C 1.01 1.15 .1 13c 13c 13c 1 Sherritt Gordon 5%c 14% , 19,300 ______50 com ; —. 1,000 V' 26% Canadian Marconi—. Shawinigan Water & Power 15c 5%c 12 %c 86 Jun 3.50 100 36c _* 1 Shawkey 11945) Mines Sheep Creek Gold Jun ' • — Jun 7c 100 VB Preferred common_^__ 23% 5,500 1 Combing Wright-Hargreaves Oct ;_£_—1 Senator Rouyn Ltd.. 15% Feb 6,566 9c- 34% 1— Wool i Jan 71% July Scythes &*Co 6.50 May 35 ' ■ common Nov 50 260 Scarfe class A * L_L. .. 20,%c May 104 85 Gold Nov ' 10c ■/s/ _^1. — Jan 15% Mines SeD 42c Oct 9c ,-■ Jan 15% Antonio 13c 50% 34% Ashley Minerals. Oct Feb 84% Sannorm Sep June 5%c A Oct 9c 85 San Oct 6.40 Jan Mar 28,000 15Vi . 7% 4.85 Jun Apr 50c 28 Feb _____1 preferred Jun 1.10 May 4.00 18Vic May ; 5.85 St Lawrence Paper 1st preferred__.__99 2nd Jan Jan 104 Saguenay Power preferred ——.—100 St Lawrence Corp common.-..— 9.85 • & W) Li.!. Electric Preferred Winora Feb 11% • Jun 27 % Sep 30% Jun 38c • Industries Oct 17c ' 300 Oct 8c 6,500 8C 36c Royalite Oil Russell Sep ^ 3.30 Nov ' July 199 8c , (G Winnipeg ; Sep 3c 38c __— 7 Nov Jun 1.45 • 10 42c • V.'Uigalt Gold Jan Oct 27% ._1 — 1 Winchester Larder 1.20 Aug May ———1 __ 5% 7% 2.85 5.50 9c _ Wiltse.v-Coehlan ■ Jan 65c 400 • Co Jun 85/4C Sep 3.15 • __ Preferred i Jan 1.04 67c May 11 . 100 2.30 ' 2.30 28 Long Lac Rochette Gold 1.22 k Jun 65c 1 — Nov 22% 5.65 * Mines Consol Western Jan 9% Nov 70c ■ A—___.— ._£_—. Oct 30% Jan . ' IGc 16c «■■■: 1.30 May 320 a Nov 2.17 Jun 26,200 7 7 17% 12% Jun 9% 300 1.94 : 43 Weston 2,280 12 1 Robinson Cotton 27c Sep Sep 58c 1 class 15% Aug 8%c May 27 54 13c —— (Hiram) Western Oct C9c 64c 1.10 69c Mines 9% Nov 3.15 1 3.15 0 — Amulet Yeilorex Riverside Silk Nov 22% 54 • Hill Westeel Products " Renabie Nov 15c West Malartic :;j. 41% Quwmston Gold Regcourt Nov 23% ' 12 —1 Waite Walker 1.03 — 24% Jun May 8% Mines Wekusko 43 ■ — j July 1.15 10 Quesabe Mines Ltd Quinte Milk class A L—_ > 8%C 1 Reeves MacDonald 4,450 27' • Sep Jun 17% ! 51c 17 ; Goc 2.03 Quebec Labrador Quebec Manitou Mining ' May 27 Dome... Purity Flour Mills common Quemont Sep 6 G5c • East 45c 27 ; Violamac Jun 100 __i _ 29c 57 c preferred— Ventures Ltd Sep 6,350 5 —1 Metals .Jan 17 _ Upper Canada v 5 36c 5 58c Corp Jan 12 " / 30c 33 %c • Pressed 11 Oct 15c _ * . Keno 1 Power 1.35 May Jun 60c • Resources 25 Jan Gold Gold common Jun 9% 5,425 23% ■ ' Class B- • 36% 1 Voting trust certificates— . 10% , 35,700 23% ——— Corp class A 565 8c River Powell •69C 1,600 " , 1 14 Mining 48% 65c Powell Rouyn 30 11% Union Gas 6% Mar 3% 48 1 1' Sep May Jan■jI 5 L_—— 3.75 22c Oct 17% common Nov ___ Pioneer Gold i.* Jan 8c Nov 18 6,500 : 33 %c Mines— 2.54 45c rights 4.00 a Gold Nov Sep 6,820 10% # A Television 18c Porcupine Crow 10% 9% Feb 17,500 18 1.17 class Transcontinental Feb _ ___ Nov 16c 18 _ _ Jun __ Gold Photo Engravers Oct 6% 13c Vicour Mines Perron 31% 45c 48 %c • B 2.02 Malartic Paymaster Consol People's Credit Securities 26c: 13c » Finance Class Nov 121% July 88,050 3c .... Oct 25 . Sep 46c • _ Petrbleums Traders 2.60 Apr Jun 55,867 5c __: _ 10% 15c Oct 2.35 . 26% July 4Vi Jun 65 130 10% Jan Sep 12c * Oil Paramaque Mines 31 6% / 31 2.75, NOV 43C. Sep 1.27 Sep 11% Feb Jun • Works class 4 00 Cadillac Pan 31 6% _• ; Elevators 1.57 __ 3,100 27c Aug 34c 34,500 „• 0 Toronto 2.70 4 1.27 10,725 . Mar 16c 33,074 41c Mar 1.26 4,200 2175 1.62 Torbrit Silver Mines— 48 • Ltd Mines 5c 2.50 43c * 3.70 • Tubes 21c 2.50 — Gold 3.80 1 2.00. 2 03 Tip Top Tailors May 11 %C Petroleum , Nov 97 United Fuel class A preferred. .£——50 Pacific Nov 15% Nov 6,379 12c 6,000 87c. Feb 8,800 Nov 16,000 ' Jun 78 % Mar 10c Aug 925 14c 50c 3Vic Jun 3.40 11 75 5% lie 11c Mines j Apr 305 8c 19c /. 50 32% 5% 1 __ Lake Lake Osulake 30 5% • Gold Red Osisko common 125% 32% 0 Crush Orenada 125% 5 1,000 3.25 Trans Ontario Loan Oct 97 8c 6 ■/ Nov\ 7Vic 3.25 3% Aug 535,600 Gold 96% i Tom bin Jun 29 91 Thompson-Lundmark Gold Mines—* Feb 1.11 Jun 921/a ——_io' 40c Jun Nov 13V4 Feb 60c 15 May Oct 143,4 4 Oct 13c Sep —; Teck-Ht.ghes Gold Mines 13Vic, Jan Sep River Preferred 3.75 Jan 9 4,130 6c Omega Omnitrans Exploration 78 Sep Jan 95% _• 6 44c 85,150 30c 31 Vic 610 9 V* 90 18% 1.70 ) 5 Vic Oct 14,800 • 335 1 — 520 < Oct July 17 %c • Malartic 26,100 ■j 69 Vi Jun , 4,500 * Oils O'Learv 85c 15%, Sylvanite Gold Mines 1.42 Okalta 78c High , Jun July , 7ViC Superior Oils Ltd—— 40,645 Ogama-Rockland •V 500 5 ; 5 96% Sep 4c 5,025 2.35 5 -1.-25 Apr Toronto Iron O'Brien 1,830 • • common 1.25 3Vic May 1,600 9c 10 % c 9Vb 10% _ 48c Canada 1.03 .. 1.70 Jun 2,500 36,000 — _ of Sullivan Cons Mines 2 % 500 —1 North Inca Gold 29 78c Jun 25c 39,000 25 IZi Jan 48% 3,000 IOV2C IIV2C 11 %C 7 • Jan 90c 69% 8,390 : May 47c 600 3c 14% ,28% '' 0 8c- Sep, 111,900 34c 12% common Steep Rock Iron Mines——— Jun 74c 67% 79 Sturgeon River Gold 1 Sudbury Contact —1' 3c 1.20 39c 1,1°0 '28 Sleeloy- Mining ; 1 9c 9,000 3 Vic 67% 89 Jan 9,500 1 Mines 14c 4c ._1 _ Normetal Mining May '* * 6uC 15 Steel Co Jan 7c 1.500 8 89 ?% IlOO . ■Preferred: ——u-_—_ Jau ,. Low 7% 15% pavirfg Stedman Bros Jan / Range Since January 1 Feb 23c Jun Shares 14% _ Standard Radio class A—_ StarrattOlsen Gold—____ Nov ■ 6c 1.15 ___ 65c " High Low common Preferred Mar 18c / 20,664 ; 10c 10 Vic 4c • 5c ; 10c _1 Mines Standard Jan 75c . Jun 4c 9C _1 - . 3%c -»«'r II - — Mines Norseman 18c 9 Vic Norlartic Mines Ltd Norpick 3,750 10%c Nipissing Mines Noranda 235 65c Oils— Yellowknife Norgold Jun 53c ;_1 Rouyn Merger Nicholson 84o 22c 22%c 3%c New TburboiA ' Feb 13,503 61c . __<• 9c July 1.44 1.35 " Nib 3c Preferred Feb " Norzone New 3,500 15c for Week Range of Prices , Par Standard Chemical Feb 104 6y8C Jun -_1 ii- i Mar 100 ' X Sale Price High' 1,333 4c Last Sales Week's Thursday Low _1 Newlund „ STOCKS- 25 IOC 4c __ „ Range Since January 1 High 103% 103% Alger New New (Wm) 11 fcr week Shares NOVEMBER Sales Range ,, . Sale Price Week's of Prices Thursday STOCKS— markets Sep r Jun 28% 100 53 Oct Jan Feb 94c Sep 26 Feb 31 Nov! Pend 17 Mar 20 Nov Price Bros 10 July July 23 Jan Southmourit Investment——__* 61c Nov Southwest Petroleum 41c 4c 5.80 Oil 18Vic Jun 15V4 23% 170 4c 5^0 5.90 15 Ogilvie-Flour common ;* Preferred—100 Selections—' 44C 24c . Oreille — __1 —A 24 ■ — 'I ■ 42c — 61% 42c 39q . 71% 19% 53 15 23% 170 4c Minnesota & Ontario Paper——* Oct ' .. 24 Oct ' 50 65 1,370 • . 20% Mar 40 15 500 2,710 Sep 12% Jun ' 170 . Nov 3 Vic Sep 3.35 May . 22% Jan .26% Jan ■') / 173 5c Jan. Jan 6.70 Jan 63. 62.42c 90 40c Mar 45c Sep May 39c 1,000 25c July .40c Oct 35 45% Jun. h 42 THE (1950) COMMERCIAL & FINANCIAL CHRONICLE v■ ' :•> > .-Monday,■•November -14; 1949 OVER-THE-COUNTER SECUR1TIES r.J;'/ Quotations tar Thursday, November "MR"*/., ,f J. Investing Companies 1 Mataal Funds— Bid' Far Aeronautical Securities 3.91 . Blair 7.28 > General Non-Ferrous 96.02 22.32 16.07'.. Petroleum 19.53 , Delaware 14,20' 15.36 ——1 .100 Preferred 4, 100 " 141 136 1 5.61 -1 Fund Mass 3.33 1.35s 4.07 3.70 -3.02 25c Dividend Shares Baton A Howard— Balanced Fund . , lc 3.66 lc 4.33 of beneficial Investors Ask - l§5i.^ 15, May '' 1, 1952-1950 100.2 ; %s Jap. I. 1953-1931 99.24 99.30 , !|I i 100:4 2%s Feb. 5 100 Panama Canal 3s -1961 119 2nd Fund -7-.02" > . Interest—1 J . ; -t'l%s 120 > 7.69 * 100:8 ■ Inc—1 13.51 14.17 Dollar 14.68 15.68 of Boston , Maturity— Int. Rata Bid, -1 13.68 Ask Investors National X. Security 1 200 3.80 : 4.00 Corp .9.05 9.78 6.67 7.29 11 Vis Dec. Priced Bond Series Preferred Income Stock 1 Series. 5.96 1 Series ' * I H j * f Jmk:rn Bid Bid Ask 100.0460 13,1949.: loe^eaee .0453, 11%8-Mar. l, 1950, I, 100:0498 .0816 U %s Apr. 1, XI %s'June 1, 100.*072 2 .0912 ], ' .1258 .0631 fl%s July 1950 1950— L 100.0221; .0274^ 100.0833 1950. tl%s Sept. 15, .0942 ! 100.0902 .1028 100.0190 TO 3 56 I 100.0117 1950. Il%Si Oct. 1. 1950 6.91 4.11 f ny*# Jan. I, 195.0.. 6.51 „ 6.32 .0292 f 4.49 • 1 - tl%s Feb. 1. 1950 1%* 100.1144 Certificates of Indebtedness— Series— Bond leries Low ji • Maturity— , 14 69 I National 19.10 :; 100:11 Certificates of lndebt (cont)- tAprH 1, 1950 Balanced Fund 28.12 102.16 » 100.8 f Price Treasury Notes— Ration-Wide Securities- 17.86 1957-1955—„± I, ^ .^^102.8 U. S. Certificates of Indebtedness 28.77 13.20 26.30 * Oct. - ■ f 26.61 Mutual Invest Fund Inc—4 1.60 1. 1955-1953 , 4.04 12.21 15.08 1.46 Othtr Utmet 4.14 Inc_l 1 Equity Fund Inc. Bid 4.77 3.75 ' ' u ..* 100 . , Stock Fund / C 15, 195#-:—__L. Sept. '' * V ' * Feb 1.25s 3.50 le shares Mutual Fund 6.10 13.70 Investment 3.69, 3.17 3.35 Manhattan BondUFaadrBtoJUki Mass Investors Trust— r 37.60 Securities com—100 3,950 Christiana CBmlfcanwe<h ' 34.97 1 - * point m ' Steel shares 17.37 17.82 1 Fund VAa 3-48 v< 3.78 , 1*. Paper share# .»• 8.45 Ctfs Chemical - Industries shares—lc 2% 8.441 ,.,-S Century Shares Trust 3.15 *3.43 x Home Furnishings shares—lc 94.10 ' 1 10c Bullock Fund Ltd , lc 6 < 20.65 ,• _— S2nds of FedesWf Xand Bank Bonds—. ' Business Equipment shares-lc Electrical Equipment shar**_lc 15.38 . 5 ' Bowling Green Fund Inc Broad Street invest Corp share# Ask 46.96 * 14.15 2%.. Inr Tr of America- Boston Fund Inc Automobile ,4.03 *7.87 3.72 Holding# Corp, ; Bond Big 47,98 34 32 Mi Ameres Holding Corp —19 American Business Shares, 1 Axe-Hough ton Find Inc 1 Axe-Hcrughton Fund B 5 Beneficial Corp 1 Par r^emia Sayles Second Fund_10 Managed Funds— 4.24 - v'l! Agencies Mwtoal Fonda— Sw51 5,01 —1 Affiliated Fund Inc., ; Ask * Fidelity Fund Inc „ Selected Franklin Custodian Funds Ino— Preferred series stock ; 5.26 14.17 New England Fund 15.53 New York 4.80 2 4.90 625 3,74 3.81 Federal Intermediate Credit: Bank Debentures Bate 6.19 5.65 lc Fundamental Investors Inc 4.48 3.42 3.49 Group Series Low Priced Com Stock Series 1 .—lc Common stock series , . "3-08 5.72 \ Industrial Stock Series— 4 5.56 5 00 2.82-' Stock Series 32% 31 —10 1 Speculative Series 1.98 1.81 Financial Industrial Fund Inc_l . iPlyat Boston Corp.— •yWrst Mutual Trust Fund 27.72 25.64 • < 14.93 r Gas , Industries shares A__2 Investors 1 4.86 5.21 Chemical lo Aviation X6.62 ,—le x5,53 6.07 —le X5.30 5.82 6hares lo X7.06 X6.07 Electrical Equipment shares lo 1 ' 3.73 4.98 7.51 7.89 Machinery Merchandising Metals lo X7.20 / Industrial Machinery shares le X6.48 X8.91 Electrical 7.11 Institutional bond shires—lo equipment Insurance stock 7.56 11.95 „_1 10.04 Railroad . Railroad 8.43 shares lo 2.32 2.56 shares lo 3.28 stock shares lo X4.00 Railroad Petroleum 4.40 Income' Foundation 7.51 Putnam 4.94 Republic X5.71 6.27 Investors Shares . 1.71 21,33 8.42 lc Stock and Bond Group 76c Investment of Trust value).* asset 50.61 Dec. 10.57 Union 16.71 21.30 29.95 Fund series 25c A 67c 75c 1 —— 21.19 1 17.67 1 — Series C 5.95 Wall Street Stocks)—1 14.02 15.30 8-3, (Appreciation com Stks)_l 11.04 12,05 Lexington Trust Loomis Sayles Whitehall Fund Inc. 18.80 Unit Diversified Trustee Series E North 25c 2.32 2.53 19.26 3.95 Co Federation Bank 8c Surety..—10 lo —:— American Alliance 8s " American Equitable 3.68 Series 1956 1 2.28 Manufacturers American of Newark Automobile jj Insur Co of North America 32% 114% Jersey Insurance 20 71% 47% 16% 25 13 V4 20% 5ft National 33% 47 National Fire National Union Fire 5J0; 961/a x -■ (J P) Co_ 20 New 57 Fund of of OfWirtf Reinsurance Corp ' • "♦ Falls— OBobe 8t Republic OHobe g Rutgers Fire 2n» preferred— 8c Co Inc 100 City Bank v' - 35% 64 „ York — Nat'l Bank 8s Trust-17% 5. Great <*> Northern American Hartford Fire Hartford Steambolier ^ ; 20 25 .100 300 City Bank -i—16 32 34 34 35% 2T 315. Bank -of Detroit. 10 Pittsburgh'-;"'-;./,':'-. ; - /// 100 2§5< - . Mellon Natl Bank A Trust—100 x27Q /■;/. 2477 44 ' 290 34 * 32 46 Portland 92 90 United 44% -V V 625 94, 7 National First . 12% > 20 Franciseo-"''-*'/':T Vv -:V; San .. 66% 55 - Bank of Amer N T A 8 A^12% T 655 Bank States Natl Bank . 7% .J •;-;v 8% —100 Bank Co Trust Farmers Deposit Natl Bank ; Indemnity Co 44% v 46% - 105 Casualty 29 Reinsurance Republic 58~ / ; t ' .-2 .10 Seaboard Surety. Standard Accident —12% 10 - Security (New Haven) 105 98 , Ohio> Power 7% ' 3r, 51%, 38% 49 35% 37% 91 36% 37% Travelers U S .10 32% Fidelity 8c Guaranty Co_2 34% U 8 Fire U S Guarantee 100 103 1918 '3s2.i__: 104% 8.00 \ ■ 8.25 59 61 4 62% 65 10 80% 85% 8 22% 24 ',•£ Power A preferred .104 V Hartford-Electric *' r • 106 105 - -54%^; /-7.'^ light— _160 pfd^-50 166 104% 5i% - 3.90c :Iowa Southern Utll 5%% pfd_30 ' 105%' 106% ' .- 33 %> 'T"34 - ' 106'" 104 %, !,.103% - r, , " —T~*T r". a ' ■ ^ - \ ■; • 7 j,,; . • State Elec * Gas-- Penh Pow '8c Lgt . Pub Ser < v.: , 103,Ta "r - $4.65 **7- 186 ;:io«ya. •,104 ;r,; * -20% ,r ; 21 ; "->107% __10l0 Transmission--2" preferred T. , , JO- 100' 16 io5y» !2t .'r—— ; ■- /lor.-'; ' —— : 105% :/ Elec— ; Staten Island Edison-^;/:l,90^ preferred Gas 4-.16/V..-'31T pfd_3C0 $4.75, preferred series G Diego Gas A 4%%' pxeferrod - ' 4% % pfd^JOO. .'.164%.'./..165% San 104% .. J 7.-197^" 166 V; (Colorado) 4.40 * __1C0 Pub Sei v of t)kla 4.6576 101% ;; r't Rochester Gas A Eleo-- -101% - Y \";'4l/z%i pfd (series 1949»_*-160 _1978,105%;/>i 06 %; 1 54% 36% 47 52% . 104%: 1978" 105 %7 West Penn Elec 3%s_______1974 10 —10 4.28 Tehn 10 Ask 51% v gj.Pow 82.20 pfg-v^.* De>awat-e ; : v , ,7-", «.l"7,> : r.'V" , 7 7 Tenn Gas Transmission 3*^19631 101% wiOHi 101 ' preferred-—— Lt , 37 • , : 4.75 % 105 y2 106% A Pwr 32.50 pf<fc50 / Central Hudson Gas A Elec— t 7 100% ______1979 ■■ ; —8 Westchester Fire 6% ..31.,, .Bid .;_;//AjFar, Ariz Lt - 101 96 ■' <N Y>. Springfield Fire 8c Marine 39 / North States Row1 (Wiser 3s 197? 17% iq (Texas 12% "37 l#7fl New England Power 3# 6> 54 —10 , Cen ;./? .//:/■ ;.'/v 1 /2%S.:1979u../U^—1003«r 100% ,-15% Stocks , - N " 11% 116 / ,'loi)% - Northern Stajbes Powert(3Mlnn) .5 — 52 40 106 • 111 10 Co.— fit Paul Fire As Marine- 113 3%* Narragansett Elec ' 19Ta —10 Power Public Serv of Indiana 3s»U979 , Ask ! Service Co 2%s 7—l__1969 :1st mortgage 2 %s 65 74 ■l -r losy* 18%. Providence-Washington 88 '' 2%s_/l973 Kansas Power 8c Light— 39% ; Preferred Accident 37 y ' 117 — 64% 27 Bid,' t - Jl(l Oregon, Power Duke Gas 29. -25 Pacific Fire 68 - } ,,f,' 59% 17% —-—12.50 — 61 t* Hanover Fire.. j.i.1 lOO .-SSJ) 54 J/4 . 27% .2.5.0 w, Phoenix 91% .15 * 100« 320 43% 421%" ' Kentucky 8c W Va Bow 3s_1979 Fire; River— 38 18% 8 National National 47% Pacific 88 lo Savings Co - 89 - 25 " Calif 38% 44% 37% 71 a A Trust /. Peoples 'First National 241 12% ; York Trust Bends— 30% - 36% North 10 ^ com 28% Amsterdam Casualty —^..2 Hampshire Fire 10 New ~ ie Frisco Newark... t • 87 192 185 Detroit " 9% -61 61% 61% Casualty (Detroit)—10 64 > Plza Assn of PhJlA— 84% 100 # s:-- 52% Bell Telephone of Pa 3s—X974 33% 8 37% 68% 36 * Deposit" o7 Mdl Z-IO -97. , -100 1,4 90 25 4iy2 31% 31% 4 5 Peerless Fidelity * Trust__33%; "35 ■ - f 17% ,_10 Trust y 57% 23 , Group Assoc h- Reinsurance. Trust Cleveland 10* 29%, 100 1,230 1,290 100 286 s 295 12 53 25% 29% 5 . 102% * ... A Bank ->57% : 33 94 25 i8y» 50 •24. iq " lo .,.10 17% J 21% 21 % — Y Fire Assurance Merchants 8c Mfrs 60% ' 66'% New common N Merchant New Ccntfanntai Casualty., Oftua A Forster Inc.. of Maryland Casualty common 1 $2.10 Prior preferred lo $1.05 Convertible preferred 5. Massachusetts Bonding. ..5 14% 31% Fire. Connecticut General Life— Illinois Bank 51% 14% ■ 2Q5*- 118% 23'/4 _1Q Ask 195 34% 10 lo 25 ; — 100. Ask , Home 2% American Re-Insurance j American Surety Bid .7.7. •, National ;; National 16 United States Tru#t_ Bid 73 48% Fidelity 8c Casualty_B 1.02% i-02% Companies Central 10% 97/r 55% »_5o Title Guarantee & Trust— 58% 24Va Assur— l Q2,/n bl.08 bl.08 Cleveland 49 18% 68% _B % 31 92 .10 American Automobile American Casualty 1.00% toi-08* 1.9T% bl og 1950 Northern ' / , , TrustX—110 - i; 47 11% 70 r-4 — 1.00% bl.08 . 1£)50 National . 44% 27% 56% 20 Agricultural Ask 0.96% bl.08 37% 42% Irving Trust Kings County TrustLawyers Trust 89 10, — ■ bl.08 105O^ 2, Harris 35% ; Industrial Bank of Commerce-10 Par Bid -,;s - - '■ A Bank- Guaranty Trust 1 ' 26 9 First 102- 8.10 Companies Aetna Casualty y . ' Trust— 8s Sterling National Aetna Insurance . 2.37 Series 1955 Ask "• 1949 Continental 45- 2.08 •JSf Public - 1.15% >> T.15% ... Par 145/ 99 2Q —. National Morgan ■' ■bi:30 City Natl Bank & Trust 339; 43 137 ,v 7.00 Amer Trust Shares— New i Aetna Life 26% 324 10 100 Exchange Bank & Trust J20 National Big 1-50 Chicago 100 Trust County Trust Co (White Plains, NY) Empire Trust 17,73 3.65" 25% 1 Independence Trust Shares Par 8- 1-49 Ask 2.60 4.89 \i bl.30 • Peb - Stamped Corn Shares- 4.89 100.51 York Fifth Avenue First 4.48 98.50 3-50 *29, Feb. Bid Manhattan Co_10 Fiduciary Trust 4.46 * 1.15%, 7- Commercial National Bank 8c Type Trusts— 1 Mutual Fund. New Continental Bank 17.65 —.i. Stks)—1 Fund the of Trust 16.49 1 — Wisconsin Investment Co. •> **1.15% ^ bl.30 11- Jan 0 Central Hanover Bank 8c Trust 20 Chase National Bank 15 Chemical Bank & Trust 10 23.24 27.46 9.9L bl.39 1-50 :Jan' 19' 1950 . 0.96% Brooklyn Trust 10.24 9.08 com r York Bankers 10.25 10.04 -15,31 Fund Jmw bl.08 of & 1.04 9.40 Investing Corp—1 Wellington Fund—— l I 1-50 10-. 3-49 ; n bl.08 Bank 10.21 Bonds). 5- 6- J«n- 5, 1950 Jan. 12, 1950— * 0.94 fo 1949_— Bank 53.75 9.39 pfd Stocks)^—.1 K-2 (Appreciation pfd Stks)_i 8-1 (Quality common Stks)_l 8-4 (Low Priced n« hi 08 hi.08 1949 Par 7.01 (Speculative K-l (Income Knickerbocker 22, New 18.59 17.43 1-49 1-49 % Dec. ( 0 90% Banks & Trust 6.29 94c 50.75 .1 — Industry Shares Bond Series B 5.75 i 10c Investment Corp.* J 15.97 -1.15% y Treasury Bills 0.85% hi 1949_ 15, Dec. 21% 1 24.77 bl.30 r* bl.08 _J 1949—. 8, Dec. 11 43 20% 1 22.70 com 1.30% bl.08 1949——J 1, Dec. 50.61 Union Common 8tov'r. Fund United Income Fund Shares 27.58 1 (Income 17, 1949 Nov. 25, 2.49 28.83 1 Bonds).. 8-2 1.30% United States 16.40 2.27 Union Preferred Stock Fund Priced B-4 * 9- 3-50 r 15.25 14.23 ' Funds— Bonds) 1.10% 8- 1.35 Ask r, 4- 11.88 1 Investors—,— Street Trusteed 8.47 7.73 Grade Bds)—1 B-2 (Medium (net Television Fund Inc 13.02 13.92 B-l (Investment State 27.15 I Keystone Custodian B-3 (Low 1.16 1.05 11.89 Boston—1 Investors Management Fund 85c 24.98 lo 1 America bl.25 1.35% 1-49 ;'; 15 —1 Fund— Standard Invest Co Inc Insurance Group shares___lc of Inc Sovereign 23.06 7.68 Fund Investors 2% Shareholders Trust of Boston—1 1.86 5 (Geo) Selected Amer Shares 4.59 lc Group shares Bank Group shares Co 7. 4.25 Ltd— Aviation . Scudder, Stevens & Clark 1 Incorporated 1.10% 7- 8.23 10.84 Trading——8 4.82 X4.5Q 10c Fund— Institutional Investment 8c X4.39 Fund Howe Plan Fund Inc 1.10%: bl.25 Ask Nov. 6.33 1 le + 3- •■s.- 5.13 5.78 1 lo shares Utility shares r 4.68 —l le shares Tobacco Bid 1.15% 8.18 .1 3.61 Steel , bl.25' 11.50 7.46 —1 equipment Tobacco Bond 1-50 8.73 1 , Steel RR Equipment - Utility Railroad 5.60 . X7.69 1-40 17.64 10.49 Pacific Coast Invest Fund—>1 Public 7.97 16.10 8.64 X5.10 lo shares Petroleum 1 — 8.06 . 1.15% 6- 11.00 5.77 X7.88 bl.25 "bl.25 10.59 X7.35 Low Priced shares 1-50 "boe Dated 1.55% 13.10 9.66 X5.26 Investing Company shares—lo lo Merchandising shares lo Mining shares. , -lc i 2-49 ; 8.29 1 -1 —1 s 9.35 , 5- 1-49 1.10% 4.09 9.65 shares 3-50 3-50 ; 10.76 X6.85 bond 1-40 bl.25 11.46 9.82 X4.53 . 1-40 Rate 1-40 11.36 10.46 X8.81 General 11.62 10.71 1 Industry lo I 10-60 1 2-4f 7- ... ; Fully Administered share#_lo Food shares *, 8.79 ( Diversified Investment Fund_l Diversified preferred stock—1 6.66 shares 8.02 .. Diveraified 7.74 —lo Building shares Chemical 11.57 Building supply. . Automobile shares 10.56 ; _1 — 4- i.55% 7-11 —1 — Bank stock. 7.36 Ask- 1212- 1.55% 6.52 6.49 Corporate bond serle#- Trust Bid Dae . 1-49 5- 1.60% 10.37 5.95 1 Aviation 9.46 —1 Automobile 53.10 1 Group Securities—* Agricultural shares . —1 16.99 49.38 Inc Capital Corp General . Agriculture 15.72 : —1 Fund General 3- 1.65% : 16.05 ' Fundamental Trust , Dated 1.65% 1.60% .1 Stocks Inc— VI- ... .• 7 " "I "'""tj- Odd lot sale (not included in yeafs range)., b Big yield prlco. d Deferred delivery s^flos Xtiot year's-range)e EX-interest at Flat price, k Admitted to Hstjhg on N. Y. Stoek Ex¬ change. n Admitted to trading N. Y. Curb./ t Cash sales (not incidded in/year's- range). tErliquidating dividend. (Un) Admitted to Unlisted Trading privileges, wd When delivered, wl When issued, x Ex-dividend. y-Ex-rights. z Ex-stock dividend. .• • Included in . •••' '*No par-value.-.tin default. 11949 range adjusted :(50% tThese*bonds stock are div: paid on .7 ; ; . subject to all Federal taxes. Aug.' 31). ■' - .. -1 ' . /; /**;. . Volume 170 Number 4855 " THE t COMMERCIAL THE CO V USE Bank clearings this week show a decrease compared with a based year Preliminary ago. figures compiled by us, from which it is be y^ar.' Our preliminary totals; stand against $12,075,588,266 for the this center there is week last at; $9,709,073,373 in week same loss for the week ended Friday of a 18.6%.- Our comparative summary for the week follows: CLEARINGS—RETURNS BY TELEGRAPH Per Week Ended Nov. 12 New 1949 York 537,792,054 Philadelphia 524,354,850 Str Ban ZZ-Z--2' i 280.027,477 > 202,814,516 I;.'- five days_ cities, one day__i Richmond —11.6 St. - 602,771,288 935,336,468 ; York '1949 ■Stocks— + shs._ of Month of October. . : -Ten Months San .1949 Internat'l 1948 20,434,070 "205,666,344 245,937,492 $56,493,600 $66,631,000 $566,622,700 $786,083,800 Foreign Bank- 16,000 7,411,800 govt U. 8. Government 12,500 101,000 878,000 76,203,570 70,156,640 137,500 473,500 1,186,000 $72,582,460 $644,177,770 - of Federal 1st $63,933,900 __ 1946 to 1949 is indicated in the Months— 1949 January February ___ March 1948 No. Shares i 1st 18,825,034 17,179,755 21.135.600 22,992,575 60,011,467 20,619,550 17,767,357 j 316,174,082 ' " " " 17,482,740 a 108,304,035 58,718,076 - , ; j. ; 16 , 125,369^656 _ 20,595,100 18,751,895 21,785,250 ___ August September 23,837,155 ._ Quarter Nine ; ____ 6,918,993,987 + 0.2 6,676,990,808 .5,690,590,716 was 1949 • »■ - v" -The of bank course 1st 43,450,216 2nd New 84,852,398 BANK (000,000 ' CLEARINGS AT LEADING Month of October- . omitted) 1949 1948 1947 CITIES IN 1949 — 3.9 , 6,034,746,634 — 2.305.907.605 2,020,463,859 t;— " ' " - V ' .14 cities 2,021,315,268 : — 3.8 — 6.9 3,595,433,218 Atlanta OCTOBER : 2 1946 67,899,747,130 60,732,466,407 •" 35,946,052,732 30,549,851,772 York 28,585 29,751 z Ten 3,898 1,182 1,215 1,246 1,026 11,270 11,877 10,504 Pittsburgh- 1,131 1,284 1,093 12,374 12,765 11,245 $ 18,579,806,540 .27,629,293,336 59,005,172,899 20,875,736,455 17,305,001,036 56,334,753,703 20,364,209,213 16,220,886,774 24,914,686,022 ...—16 11 22,088,113,080 32,964,881,770 623,322,266,449 —183 cities — — 3.2 ■„ 4.4 •, — 5.5 ; 7— 0.1 „ ■;. — •— 649,022,462,258 342,491,691,556 v — 1,645 1,795 1,675 16,008 949 975 :: 932 717 741 763 Phiila. St. Louis San _ Baltimore 3,307 City. 3,494. l,974r — 1,997 2,145 _ Cincinnati. Kansas ■ 17,251 16,006 ; 9,108 8,255 7,547 6,810 5,825 1949 City 1,279 1,498 1,451 1,174 12,542 14,169 12,693 10,478 1,220 U98 1,368 1,175 12,643 13,788 12,170 10,260 10,596 11,661 10,242 8,435 .5,218 .5,068 16,298 16,490 4,722 14,551 12,397 5,021 4,465 Months— 18,681,132,547 15,170,288^17 8.1 24,207,710,823 18,704,419,567 ; 2.5 3,811 1,136 1,396 1,351 1,029 Orl'ns 530 547 555 568 Detroit-.". 1,630 1,641 1,669 1,363 Louisville— 514 515 ,514 421 Omaha w/ V 542 .572 Providepce. ill .108 Milwaukee- 257 253 334 ,353 400 436 400 New Buffalo St. — Paul- ,; 569. 213 4,981 463 .248 V ./+■ — 4,871 110 •». 5,177 4,835 ; ■ .1,122 -1,046 V 2,230 3,573 3,357 2,791 19,915,873,466 - 15,342,049,574' 30,480,648,308 4.0 603,237,511,261 571,907,630,423 307,026,945,505 268,735,831,235 . ... 26,980,415,463 1948. 65,683,182,576 — " ; — 1948 2.4 2.5 35,558,789,847 > . V; / Dec. % 35,545,654,953 29,923,848,922 — — ' 2.5 99,571,804,110 32,246,290,957 J o.e:; TUil 100,806,321,542 7.9 3.5 0.7 ~ 35,336,817,667 ' — Inc. or:' $ 34,301,881,896 V 29,710,132,367 61,328,509,538 / - — 62,064,219,618 66,266,537,592 33,839,268,189 32,597,114,173 69,422,367,362 188,062,570,632 197,169,769,556 376,553,715,846 390,517,171,107 60,116,443,954 61,332.548,193 1.2 — 65,667,968,051 31,894,721,758 4.5 33,625,838,907 35,448,835,893 46 97,766,851,622 101,885,218,255 3.6 197,338,655,732 202,691,539,797 as 1.4 30,961,385,266 32,617,197,751 3-7 33,199,806,493 34,837,901,644 33,940,101,695 35,147,049,748 1,933 3,365 3,758 193,347,401,551 ■ June 955 2,547 ' ' • . ■ May 3,873 1,051 2,553 299 368 Total, 1st Quarter April 12,447,217,985 . $ 2.7 — 57,470,663,632 69,179,885,164 188,491,145,194 Cy;-: 15,979,580,904 , 6.3 1949 Dec. % 60,467,523,522 •••*;•*.. / 22,607,760,762 46,239,825,686 4.2 — Inc. or $ 66,696,852,755 '67,473,571,210 March 4,555 1948 64,919,266,305 56,098,307,679 .v j 1 „ Clearings Outside New York $ January February ' 29,598,773,385 Wr 15,385,975,239 53,955,216,715 ■ 2.4 .5 : 6.3 ; Clearings, Total All 7,585 7,067 34,533,150,006 .; V MONTHLY CLEARINGS , 311,933,644,079 / 25,228,147,582 4.5 the clearings by months since Jan. 1, 1949 and covers 1 14,911 8,938 I 645 Cleveland + Minneapolis following compilation 9,176 -: 828 1 The $ 20,934,363,874 16,927,225,363 : °-5 ' .— 1946 22,513,024,711 ;: 306,388,687,912 37,318,467,271 33,662,542,145 3.7 — 22,643,345,466 35,164.953,192 19 I — 27,097,289,696 328,227,276,979 Francisco Ten Months v . 1947 Dec. % 23,407,282,964 27,488,101,379 10,619 Fran- 1,253 1,773 2,982 3,874 Boston Months Inc. or . 41,223,345;248 38,192,937,207 -J—15 Outside New York 31,953 30,182 295,094 306,530 296,210 303,171 2,920 29,681 32,033 29,984 26,069 1,978 18,845 18,931 19,478 17,704 4,029 3,611 37,387 32,079 39,175 35,501 _ Chicago months for four years: 1948 $ New 10 Ten Months v 7 City Total 1,691,667,959 4.9 30 - Dallas 12th San 3,079,478,641' 4.5 317,898,298,219 16 Chicago Kansas 2,283,503,440 — 18,579,803,912 " 8 Minneapolis 1,502,900,657 s 2,826,555,544 2,277,119,466 m— 39,411,584,979 36,079,862,682 .14 Louis 5,198,630,880 1,917,068,337 . 65,626,289,486 22,652,114,852 306,223,267,283 16 St. 2,696,389,136 35,875,098,672 Ten Months 17 8th * 2,402,630,562 . $ Philadelphia 7th 3,237,775,493 1,830,914,155 2,907,553,845 - 62,695,638,400 , Richmond 9th 3,792,644,226 - 6,241,987,831 —10.0 2,430,092,999 674,188,537 3,421,186,911 r r $ 2,345,984,025 31,155,509,458 3,768,052,738 1,992,716,611 0.2 —13.4 2.919.534.606 1 - 4,239,526,733 V 5.4 2,300,233,429 ■ - 33,079,030,297 • - 1.0 »■- 1946 $ 2,547,825,017 another table showing clearings by Federal Reserve Districts in the 6th 30,383,870 1947 9.6 1,749,701,290 Cleveland 10th . 0.6 — 2,625,262,650 2,355.909,537 3rd - 1948 — 3,836,966,780 --..-i 34,110,231,737 Jan. 1 to Oct. 31— •••■ 1946 4,107,081,612 ■ 1.0 — " r 1947 -• - — 5,708,262,432 - * or Dec. % 1.7 2,940,313,231 " City. York 11th is shown below. 'Inc. i — " 5th clearings at leading cities for the years 1948 2,392,942,683 30,859,091,921 2,053,232,621 2,972,039,629 " 4th month of October and the 10 months ended with October iui each of the four + - -2,017,426,747 - in the San Francisco Reserve District 6.9%. 4,083,139,103 • .183 cities Reserve Districts Boston 20,807,082 28,634,629 Reserve District 3.8% and » 3,467,715,494 " lit, - - 605,742,908 are smaller by 9.6%, in the Richmond Reserve District by 1.7% and in the Atlanta Reserve Dis¬ trict by 1.9%. The Chicago Reserve District suffers a loss of 5.4%, the St. Louis Reserve District of 0.2% and the Minneapolis Reserve District of 13.4%. In the Kansas City Reserve District the decrease is 10.0%, in the Dallas $ 29,657,879,242 + 7.2 District the totals de¬ a , " 181,013,071 279,672,501 28,890,940; ;20,434,070 — 5.5 $ 19 : ■■ + Federal 55,643,415 57,187,920 176,775,404 225,503,422 . 282,599,090 379,255,327,1 201,318,519; 11,861,219,343 2,368,608,334 11 „ /■ - • 6.6 13,318,141,213 7 25,663,765 16,017,170 17,563,530 64,374,300 — Months October 24,505,115 15,039,275 -t 9.8 1949 ___ 488,406,852 - •" + 15 We append 6.2 706,855,356 16 _ Francisco 194,820,103 25,472,787 14,153,458 ' ;• 8 Outside New York 3.5 — 13,013,264,809 17 V , __ — 398,019,803 757,470,692 14 V City Total 1.7 — 14,283,067,746 Vy Louis Kansas 942,142,730 517.235,288 456,206,199 298,025,182 : 14 cities Minneapolis 83,553,396 112,401,104 168,315,502 ; .. of the clearings for summary St. 21,716,872 55.260,715 : 16 - July 3rd 386,449,5581 384,868,521 463,968,242 265,063,337 732,689,880 30,409,809 Quarter _ 792,802,172.' 486,744,255 373,424,302 30 - 18,179,374 Months 947,258,298 499,188,967 ' For that month there j York 12th San 31,426,715 20,615,786 ' June Six 925,855,551 " " Chicago 66,651.580 111,266,707 34,612,565 42,769,253 30,922,212 April May 563,466,104 Districts 11th Dallas 34,092,745 23,757,877 19,336,900 57,140,389 __ 380,975,401 605,699,904 Atlanta 10th 51,510,197 19,313,984 — Quarter 2nd 23,556,803 16,801,286 412,984,863 —13.0 9th 1946 641,618,711 *—11.7 650,476,260 6th No. Shares 6,370,092,854 728,290,384 1 736,110,067 408,831,101 8th 1947 , 4.8 565,614,244 7th No. Shares 20,217,606 Richmond + 10.9 — \ $ 495,025,323 , 456,568,493 6 Cleveland 5tt following: No. Shares today Philadelphia 4th .The volume of transactions in share properties on the New York Stock Exchange for the first 10 months of + 20.0 ' 1946 $ 594,232,755 6,880,533,051 807,988,040 6,932,318,926 _ New , 862,780.422 , 1947 3.0 + " City Reserve 3rd $861,229,400 - ! " lo October— 2nd Total -bonds j Chicago ." _—112 cities Boston ■> 816,225,288 10 Francisco Month inc. or 956,956,744 the! Boston Reserve District of 1.0% and in the Philadel¬ phia Reserve District of 0.6%. In the Cleveland Reserve 3,803,000 5,712,960 . In the City smaller by 6.6%,- but in by 5.5%: by 7.2%. are Dec. % 6,336,959,610 for the entire body of clearing houses of 4.5%, the 3949 aggregate of clearings having been $62,695,638,400 and the 1948 aggregate $65,626,289,486. In the New York Reserve District the totals record a decline of 3.9%, in Bonds-— Railroad & misc. loss of of 11.7% and in 13,0%. ■ $ 602,743,009 crease ~ 28,890,940 ' 767,339,027 L We also furnish • 1948 of the Dallas Reserve District the totals are larger and in the San Francisco Reserve District " 4 City the month of October. The >!; Description— Reserve District the totals 7,605,650,360 7 /.Total follow: District Reserve District the totals show a-decrease of 1.7%, in the St Louis Reserve District of 3.5% and in the Min-. neapolis Reserve District of 6.2%.-In the Kansas " L _ —19.6 ^Stock Exchange is appended. Reserve 6 :V. —35.6 results for October and the 10 months of 1949 and 1948 Number Louis Outside New York New Atlanta 10 ; Dallas ,Our usual monthly detailed statement of transactions the the a 17 J. : . Kansas 12th —18.3 ♦Estimated. on 4.8%, in the Richmond Reserve District 7 Minneapolis 10th $11,140,251,798 $9,709,073,"373 $12,075,588,266 the Cleveland Reserve District the totals suffer 11 , Atlanta 9th —19.0 2,408,715,015 _i ! Chicago 8th $8,731,536,783 * $9,106,302,085 — I and 194a $ Cleveland 7th ' Total all cities for "week-/- gain of 20.0%, in the Boston Reserve District of 3.0% in the Philadelphia Reserve District of 10.9%. In a 1949 Philadelphia 11th all cities, week 620,767.985 12 6th ' 2,030,293,176 cities according to the Federal Reserve Districts in which are located and from this it appears that in the' New York District (including this city) the totals show s they by Federal Reserve Districts: summary Districts York 5th —23.7 *$7,076,008,909 "■• five days—-:— a 12 cities 4th —33.1 154,707,083 254,657,845 Reserve 3rd —27.9 187,327,872 Ten cities, five days— furnish we Boston 2nd New —28.7 •?" __4.__c.2_- Other cities, Federal 1st —19.3 253,900,000 190.542,1)00 .'+• 267,351,000 183,559,662 Baltimore Total —26.5 * Cleveland All *—21.2 . the as Week Ended Nov. 5— —11.7 241,463,982 -'•205.000.000 Francisco Pittsburgh J.. - 788,000,000 409,124,249 190,249,975 Louis -J following 43 SUMMARY OF BANK CLEARINGS 2.6 + 579,000,000 City inasmuch —18.6 361,312,861 :_ - Kansas In the Cent . $5,509,842,864 Chicago Boston 1948 $4,486,517,402 today, (1951) C L E A R I N G S ended Nov; 5. For that week there! was an increase of 9,8%, the aggregate of clearings for the whole country having amounted to $14,283,067,746, against. $13,013,264,809 in the same week in 1948. Outside of this city there was an increase of 0.2%, the bank clearings at this center having recorded an increase of 20.6%. We group the At 1948. B ANK 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. In the elaborate detailed statement, however, which we present further below we are able to give the final and complete results for the week previous the week possible to obtain weekly clearings will 19.6% below:those for the corresponding CHRONICLE. ends clearings from all cities of the United States 12, OF We'cannot furnish them the country, indicate that, for the week ended Saturday, Npv. FINANCIAL Complete and exact details for the week covered by the foregoing will appear in our issue of next week. telegraphic advices from the chief cities of upon & . 309 , 3,727 3,240 510 492 402 4,256 4,472 3,990 .242 225 197 2,266 2,261 2,013 611 649 625 605 5,331; I 5,373 4,880 4,393 578 .551 .,,,£17 448 .3,889 3,751 3,512 491 ,504 512 421 4,793 5,105 4,366 2,832 3,841 2,303 2,360 1,973 1,595: 1,091 1,059 , •:T r. Total, 2nd Quarter — — 1,684 Richmond ; 3,454 239 "y? '"'•« V 2,658 473 Indian'polis ' ' Denver __ Memphis -% _ __ Seattle ./ Salt Lake C. 241 .268 v. Hartford 101 .102 .. +- Tot.27cities : Total, , ■s:'' ' . 245 190 107 92 ■ '1 Total 872 998 r 59,062 53,437 538,469 562,488 528,729 508,847 Total Out. »1I __ 8,969 62,695 N.Y.C. We 9,165", 8,837 65,626 ,* 7,295 784,853 86,534 74,508 add our . ■>' (1 f; ■: *' ~*t! . '"'l" in Quarter. Total 9 ^ * Inc. or Dec. % f ■ —16.8 9,234,103 :: 9.2: 20.725,804 9,210,199 9,932,985 4,453,383 4,613,466 4,774,723 4,535,427 + •: 9,995,166• 9,145,700 + New Bedford. , ■ — + 14.1 V .... Upringfield Worcester;:— Conn.—^Hartford New Haven Waterbury R. I.—Providence - — _________— '. N. H.—Manchester—— ?! — — — 33,760,762 101,934,383 —__. U 38.504,72324,527,318 24,583,032 102,440,310 '45,612,939 47,599,662 11,110,100 5,961,344 — — — 108,625,700 ■ ; » ■■ 192,879,001,665 Z ;■+,. .r-•■ 583,396,172,772 — 4-6 96,778,389,510 39 294,117,045,242 7,341,146 ;r week — 4.5 ; 649,022,462,258 and the — 76,039,005 ; 40,957,359 38,113,720 43,812,859 37,292,922 78,330,452 82,743,674 330,763,137 0.5 4.2 326,384.703 ?- 0.2 , 1224,057,786 1,091,022,166 458,420,567 117,440,800 1,051,436,200 . — — — — + 328,227,276,979 62,917,819 v ; 23,407,282,964 $ 1948 " 1,672,315 I - ■ $ 1,567,346 9.9 4,366,642 4,479,644 3.2 522,950,974 511,620,934 7.7 3,202,912 2,964,935 1^254,633 17840,530 Inc. or Dec. % + 6.7 1947 1946 1,914,541 2.5 4.491.962 + 2.2 + 1,830,386 502,934,241 — t $ 8.0 2.2 M08.837 2,451,325 5.3 2,320.426 11,157,760 2,191,176 + 5.9 2.000,803 2,016,823 1.3 9,921,260 + 12.5 8,290,839 7,926,584 5,668,883 5,995,427 5.4 5,949,797 4,434,849 i + 3.0 27,247,378 11.8 26,470,221 19,486,181 i 11,523,077 24,372,610 11,197,722 27,949,600 257l7~7~,500 — 6.3 + 2.1 — v 4.1 +-* - - • - + 2.9 11,014,994 + lT.O 267m,300 2,368,608,334 2,392,942,683 — ; 8,908,997 j i 2176547300; 7-5 1,453,385 1,413,925 + 2.8 1,371,699 1,722,294 3.2 620,767,985 602,743,009 + 3.0 594,232,755 '495,025,323 : Total (14 cities) 1 4,222,543 419,227,982 : 2,607,521 —31.8 I 6.5 " 58,219,039 4.2 4.6 — 477,794,074 22,652,114,852 1 — jmn 119,998,500 1,122,412,300 1.0 342,491,691.556 r ■ 234,846,681 1,059,219,169 —18.8 4.9 ended Nov. 5 for four years: 1949 —11.7 82,379,211 : 5.3 !•> 9.3 3.5 2.3 + ' 81,785,375 192,979,833 ?■: 4.1 35,875,098,672 34,110,231,737 4.0 ; Week Ended November 5 Inc. or Dec. % 19,478,337,410 7.3 6.9 103,925,053,087 306,616,592,884 / i 65,626,289,486 $ 173,924,008 18,845,535,144 1.2 —11.4 12,539,700 111,135,200 — | ; - - - — : 72,233,903 . ;i Lowell ■ 1948 ' $ 1,997,864,886 — •' 623,322,265,449 1949 . 1,974,896,747 — / City for the month of October i 18,810,305 Fall River_ : ; 62,188,839,063 -Jan. 1 to Oct. 31- $ 7,681,804 — — | 62,695,638,400 y Total 10 Months . first Federal Reserve District—Boston— Portland ■ 560,626,628,049 ' Mess.—Boston- 11 ... ;" 65,022,194,551 184,072,912,203 . October 1948 $ lie.—Bangor Mi - ; 62,623,920,056 — '♦ -Month of October 1949 j ■ — — . ' 3rd • detailed statement showing the figures for each Clearings at— V ,;■: 63,060 67,899 60,732 623,322 649,022 603,237 571,907 34,110 35,875 35,946 30,549 328,227 342,491 307.026 268,735 now : - September.—, . otfter cities ' August .. 53,726 56,461 Months 6 i ■ t 44 (1952) COMMERCIAL THE , -Month of October- 1 Second Federal Reserve District —New FINANCIAL CHRONICLE Monday, '-November 14 j 1949 -Jan. 1 to Oct. 31— 1949 Dec. % $ -Week Ended November 5 1948 $ Inc. or 1948 1949 Clearings at- & $ 1949 1948 Inc. or $ Inc or Dec % $ Dec. % 1947 - 1946 $ $ York* X Y.—Albany 111,228,422 — . ; 95,691,719 12,740,389 12,129,240 334,758,394 353,552,922 7.596.047 6,955,678 Binghamton Buffalo Elmira : 76,853,512 306,530,770.702 + 3.3 824,803,359 844.207,282 2.4 547,131,655 569,661,983 84,825,058 82,130,478 55,953,252 11.363,988 11,722.057 — 55,295,731 1 54,814,451 3,189,454 3,409,851 X J.—Montclalr_.____._— 176,729,908 204,384,994 .— 29,657,879,242 7,533,005 Oranges • 555,975,875 + 6.9 31,237,557 1 - + 12.0 1,544,155 1,596,707 1,720,436 7,350,748,820 6,094,270,822 21.028,419 20,691,344 4.0 1,664,835 1,523,544 6,641,150,405 6,170,628,627 + 1.6 17,894,131 16.130.117 14,016,418 + 3.8 + 31.8 — 16,762,252 72,486,766 (14 Third Federal cities) _—1 Reserve 306,223,267,283 317,898,298,219 —10.4 43,447,896 50,320,468 1.5 46,715,666 45,802,557 —17.1 30,859,091,921 4,696,173 5,243,599 4,819,815 47,477,678 51,135,250 215,679,423 223,889,668 138,433,368 142,597,241 4,747,450 4,648,606 5,609,907 22,769,448 22,455,970 14,073,623 14,931,848 Bethlehem * Harrisbuig — Lancaster 3,795,544 3,874,000,000 ——- 12,501,229 20,347,620 '0:' 932,114 869,552 + 7.2 48,349,919 46,907,410 + 3.1 44,374,494 35,669,310 50,804,688 50,405,130 + 0.3 46,125,939 40,704,223 7,605,650,360 6,336,959,610 6,880,533,051 6,370,092,854 0.3 11,957,886 16,475,843 37,387,000,000 + 122,081,787 1,397,845 —14.6 12,754,353 —11.4 59,833,794 -Del.—Wilmington— 39,573,424 36,754,038 + 7.7 384,019,874 40,735,851 39,042,865 + 4.3 353,363,914 4,083,139,103 4,107,081,612 0.6 39,411,584,979 Total (16 cities)— Reserve 29,372,600 — 31,051,796 717,635,775 741,801,185 1,220,221,924 1,398,536,966 142,587,900 144,175,900 Cincinnati Cleveland Columbus —. + — — 1,524,973 1,206,075 7.6 1,038,559 808,783 0.3 1,006,586 841.362 —15.3 3~141,143 2,8687847 770,000,000 €93,000,000 2,732,022 3~224,757 917,000,000 2.9 — . 2.7 4.6 822,000,000 + 11.6 2,697,733 3,266,306 —17.4 2,979,230 5,488,955 5,066,222 + 8.3 4,718,572 2,307,507 4.111.156 2,775,763 2,594,927 + 7.0 2,534,252 2,157,274 6.3 3,954,384 3,688,217 + 7.2 3,881,289 3,407,737 5.2 :> 1.2 4.1 2.6 1.0 + ' — 9,339,007 9,079,865 7.0 — 41,223,345,248 11.0 + — — 3.1 + — 330,219,761 1,010,494 1,121,303 3.7 — 388,058,887 . 9,371,082 10,265,471 4.4 956,956,744 862,780,422 — 5.4 293 422,619 303,755,005 3.4 3.3 7,067 ,188,307 7,547,593,003 6.4 161,586,265 2.9 9,149,470 7,734,741 8.7 8,013,366 4,854,399 + 1C.9 807,988,040 728,298,384 + — 174,754,999 —12.7 12,643 680,447 13,788,706,543 8.3 284,090,690 293,773,501 1,404 ,868,600 1,482,707,300 5.3 36,531,200 42,057,100 6.5 4,905,118 4,857,026 13.4 6,288,517 6,617,321 267,337,035 287,505,496 767,339,027 816,225,233 — — — 1.1 Hamilton 7,596,550 7,487,301 + 1.5 69 731,959 71,130,482 Lorain 4,467,536 4,198,356 + 6.4 44 725,077 41,527,554 Mansfield 19,965,386 20,968,593 — 4.8 192 424,384 205,766,654 Youngstown 28.511,602 28,675,591 — 0.6 306 715,921 270.525,744 Newark 18,453,708 22,879,364 —19.3 180 119,690 193,386,971 71,930,218 66,985,850 7.4 732 256,418 691,861,662 2,281,526 2,764,440 —17.5 25 545,329 25,976,880 : •?*.—Beaver County Gre«nsburg + 5.0 19, 123,441 2.4 209. 787,203 180, 561,690 Erie— 22,218,291 22,764,243 Oil City 17,383,972 20,799,755 Xy.—Lexington 15,859,841 20,662,061 Total (17 cities) 3,467,715,494 3,836,966,780 + — 5.2 175 109,256 159, 827,479 36,079,862,682 — — 0.9 — ' 6,392,332 5,478,609 7.5 159,709,083 139,547.043 3.3 281,438,200 241,086.412 —13.1 29,220,900 24,389,200 — — 7.7 1.0 3,328,081 3,597,991 5.0 5,661,831 7,387,851 J 7.0 250,359,640 219,531,605 4.8 736,110,067 641,618,712 + — 6.9 5.8 1.7 2.5 3.1 — 4.0 —11.4 38,192,937,207 — 6,659,845 —11.7 180,364,994 9.6 + — 204,389,914 182,251,629 —25.0 16,725,554 15,502,435 + — 218,616,326 —16.4 — 12,765,720,829 — — 6,600,202 2.0 + 18,655,717 12,374. 774,362 1,914,294 1,284,575,531 •ar. Va.—Wheeling-- ? —11.9 1,819,066 1,131,907,164 Pittsburgh— — — 3.9 5.5 — " Reserve District—Richmond— Fifth Federal W. Va.—Huntington— 11,387,258 Richmond— 13,013,868 —12.5 49,910.000 51,292,000 — 611,414,016 'Fa.—Norfolk 649.468,664 111,676,072 121,896,048 2.7 '-•> 490,735,000 484,641,000 5.9 r 5,331,295,861 5,373,709,977 8.4 , ■•(+ ■ C.—Charleston—— 15,655,940 Columbia 6.1 322,317,556 8,938.461,765 43,797,130 44,523,199 9.6 3,195,719,727 2,997,946,653 1.7 18,579,803,912 18,579,806,540 145,800,801 2,376,858 1.3 147,564,995 — 126,937,624 ?■; 1.2 + 4,301,450 4,975,724 341,709,822 u. 311,672,901 2,017,426,747 2,053,232,621 :———,. O. C.-^Washingtou cities)— - + — 8.5 2.5 121,278,074 + 11.3 — 2,330,198 10,612,000 :+■:•■+ 3,731,958 3,337,774 194,479,918 — * Frederick + 123,872,538 234,697,847 1.9 2,980,213 10,951,000 + 7.2 — l'i:. ' —29.7 3,382,462 11,885,000 0.8 9,108,980,014 — * « 300,544,654 2.6 —12.5 975,494,283 1.3 + 31,450,212 949,682,236 — — 15,864,969 33,366,025 Mi.—Baltimore Total (8 —■, District—Cleveland- Ohio—Canton 13. 931,807 1.1 —, 61,448,439 X J.—Trenton 1,206,918 — 13,305,114 6,525,925 Toledo ■■■: 914,546 + 20.0 1,377,245 '1,203,207 .— 182,811,921 1,193,710 1,273.288 7.2 .— 107,604,675 5,779,479 2.0 —' 218,343,599 103,803,012 170,337,101 3.7 + — 128,772,015 216,175,961 2.3 — '.— 39,175,000,000 5.9 8.2 — Hazlelon Federal 3.7 — 41,589,862 Du Bois Faurth l6,~86~8~981 7.2 > 61,945,791 1.3 —- 10.973,160 — —.— — 40,464,521 59,996,631 0.6 + 13,273,924 16,856,955 Wilkes-Barre York k 4.1 4.6 — 20,615,580 „ . 5.7 — 3,898,000,000 Reading Bcranton--. 1.4 + 6,092,557 — Norrlstown Philadelphia.. + 3,956,375 6,374,466 Lebanon 10,655,155 20,694,962 District—Philadelphia— -Pa.—Altoona— Chester — 11,533,824 • 5.3 — 72,298,274 3.9 4.2 — . Total 1,303,823 7.2 + 20.6 12,714,850 14,549,805 1.2 — 1,843,336,200 2,254,041,878 7.6 1,563,725 , 0.8 .— — 32,660,591 1,745,544,468 2,090,923,793 + - —- ' 6.2 — 62,823,206 2.3 _ 115,387,805 549,446,183 7,003,078 < ; 114,430,278 0.9 —10.8 218,036,438 2,731,673 £3.551,501 3.7 — 16.117,336 2,900,775 3.9 9.3 — — 13,183,484 0.7 + 2,931,193 1 3.1 + 198,013,951 —r—— Northern N. J.—_ 1,751,361 15.4 * * + 75,171,508 ■■ v;r 9,929,000 123,896,455 f. 3,527,448 — 2,891,662 ■ Syracuse Conn.—Stamford — 78,104,797 1.0 15,697,222 - - 2,911,806 5.3 + , 18,109,672 6.7 + _ 84,696,761 295,094,989,470 — — - 69,508,882 9.9 8,648,389 29,751,190,814 54.617,757 Rochester 3,573,363,106 70,204,946 + 22.7 123,863,463 3,365,213,303 3.9 7,789,035 — 1,228,525,417 V 132,431,378 5.3 9.2 + 28,585,406,663 — .— 1,507,820.615 >' 5.0 + — • Jamestown New York " +16.2 *•' ' « *1'- + 20.7 200,353,591 5.7 74,233,537 68.027,622 + 11.7 412,984,863 380,975,401 173,900,464 " ' 1.6 » — rn.rn.tmm. — — + 6.6 76,939,206 — 0.1 456,568,493 ■■mw-i-MJj 72,307,409 408,831,101* + .ri-rn Sixth Federal Reserve District—Atlanta— Tenn.—Knoxville Nashville— 76,274,371 78,903,384 — 3.3 690,024,700 323,566,056 2.0 2,871,330,215 + 1.5 9,464,000,000 9,687,800.000 20,317,640 + 4.1 182,264,594 19.183,117 18,585,182 *+ 3.2 164,638,323 180,418,417 15.933.232 17,181,479 7.3 143,653,883 151,931,397 336,786,331 327,483,692 + 2.8 3,492,236,286 3,500,523,860 24,991,749 24,350,065 + 2.6'' 272,356,727 245,052,428 442,045,765 459,908,975 — Columbus Macon — V\a.—Jacksonville—... Tampa—,: Ala.—Birmingham— Mobile 28,343,480 Montgomery.. 19,106,508 MSas.—Hattiesburg—. 31,384,056 ./V — — — — {, 19,459,377 . 18,114,000 Jackson — 17,342,000 i 38,946,487 + 3.9 3,994,241,740 343,457,525 4,873,308 — 73,282,037 246,100,000 4,624,335 6.4 15,427,050 12,639.665 5.2 63,210,348 56,952,141 6.3 218,300,000 200,400,009 + 54 4,074,314 t 4,252,243 + + — ' 8.7 *47500" 000 471177429 83,573,433 74,730,880 2.2 977194,142 104,765,965 —12.0 6,065,111 6,704,415 9.3 57)58^271 2,77197546 + 11.3 70,710,281 66,823,370 ~7~2 8977~o"l7240 80,254,789 9.5 7,065,709 6,045,149 " - + 11.1 159,585,000 , 15,477,891 77,086,577 230,600,000 5.4 — 155,187,955 162,649,000 14,486,113 1.4 0.2 — 302,331,771 4.5 + — 3,909.470,924 266,131,231 150,073,219 4.2 2.3 1.6 — — 179,339,125 ; 1.8 —21.3 49,456,340 , 9.7 J Meridian + — 1.9 + 376,158,129 — — 3.3 — 8.7 • 6,638,594 Vlcksburg— 2,077,613 — "4m.—New Orleans- 530,296,638 Total (16 cities). Federal Detroit 6,470,061 - 547,519,578 i 54,365.682 18,220,030 3.1 5,218,458,224 5,068,815,357 1.0 27,488,101,379 27,629,293,336 — 2,972,039,629 — • 5,963,500 1,630,265,731 Flint i 5,830,643 V 2.8 V . 0.7 — 19,353,758 v 58,334,455 — — 6,335,514 — : — 11,387,888 . ; 591,722 597,218 444,266 : 120,081,536 —61.17 133,555,473 132,735.139 t 0.5 565,614,244 650,476,260 —13.0 605,699,904 563,466,104 • 1,144,580 1,501,698 —23 8 1,469,258 1,129.346 9.0 -r — 446,166,448 60,879,341 62.037,332 6.3 228,395,275 — Gary—* Indianapolis 242,873,006 92,769,055 7.6 — 107,767,831 5.8 7,196,321 + 23.4 81,946,856 72,513,784 —21.5 266,211,447 —15.0 46,148,259 52,215,455 —11.6 226,321,828 501,211,247 242,217,012 South Bend. — Terye Haute—!i. : 32,126,855 tl2,515,095 * 29,463,371 - 257,161,858 • 1,322,840 2,852,330 4,002,197 16,759,004 17,040,050 143,487,786 RapidsT—. Des Moines Sioux City Ames 122,076,867 64,925,051 - „ Bloomington Chicago-. " —fo~4 5,646,350 487762,000 44784~576OO 4 16.8 5,375,497 I 4,9607373 6.9 5,708,262,432 43,687,726 45,513,291 1.3 , 1.6 152,544,258 1,234,462,916 — — 24,599,408 — — 10,433,566 7,828,7lSr 57663^ 146 4J~98,18G> 7 20,334,733 — — — 7.5 56,685,090 18.3 49,213,801 9.8 29,681,799.035 145,360,818 456,032,874 5.9 204,584,161 5.0 147,191,843 5.4 t - 7.6 5974057745 — 52,338,088 ' : 1.8 9.1 5.2 3,377,044 3,950,823 33,211,582 29,546,610 1.3 15,528,871 16,968,910 —14.5 3.861,130 3,933,992 12.4 32,098,736 26,778,654 8 5 13,653,172 11,894,271 + — , 9.2 6.0 1,143,525 1,453,337 7.3 699,391,075 713,823,739 2.3 -3,348,639 4,509,972 7.1 11,449,913 11,743,665 4.8 4,688,346 4,900,283 —6.7 3,908,267 4,120,177 925,855,551 — — + 490.649.726 — -21.3 1.198.063 2.0 735,988,519 -26.4 3,702,735 - 995,362 615.192.16S ' -25 12,800,930 4,215,356 9,732.865 ' 214,816,386 — 157,704,733 18,309,765 56,334,753,703 I 44,882,497 4.3 3.813.743 3,673,442 5.1 3,386,308 3,692,146 942,142,730 1.7 947,258,298 792,802,172 277,500,000 3.6 257,400,000 206,400,000 6.5 107.550,864 91,406,569 0.4 119,363,260 87,010,069 - - " 17,568,126 < 4.0 * - + ; 4,248,975 8.0 + 21.0 142,035,049 4.2 — + — 32,033,515,038 0.1 4.5 56,242*,654 — V.2 2.3 — 62,449,385 . 6,629,543 3,057,116 607509~,346 — —28.1 588,537,261 0.7 62~0~3~2~,000 7,745,564 0.2 + 160,870,040 1,206,622,108 580,899,381 3.2 , 577745,000 2,814,049 185,831,562 2,547,593,128 8.0 — 6,034,746,634 + 5,375,252 0.2 ; 37,084,276 1,937,019 . V 26,661,875 — 18,459,075 , .. 13,961,623 + 21,700,769 1,856,121 v, cities). 6,000,077 — 3.0 + 78,220.838 — 22,076,272 17,535,010 % 12,697,316 — 51,539,929 20,418,446 Rockford Springfield Sterling •, 76,842,632 + 3,307,667,932 22,070,760 49,201,107 Peoria . +17.5 • 5,203,229 2,982,319,786 Decatur > n 185,412,639 2,553,699,044 1.5 + 283,714,439 ■ 0.4 — 6,488,436 6,155,652 1115,458,189 , —28.7 2,247,582 6,002,479 ID.—Aurora + — 60,139,938 2,232,276 9.0 —10.9 486,565,703 2,261,003,381 2,266,528,353 292,681,555 v 1:33 ,1.+ . 8,018,841 1,317,435 1.1 • 4,469,969 7,142,715 j. Manitowoc + • 253,441,253 4,529,949 Sheboygan Watertown — 112,000,121.: 18,348,973 . 18,113,967 Milwaukee.—. —10". 9; + 13.0 27,791,705 '/ Oshkosh r. 9,996,748 57660,378 —13.9 .; 8,878,054 Wis.—Madison- "577 9,430,371 5704~4,127 1.9 — 21,806,220 , — > 1.2 0.3 239,491,220 JtaA.—Ft. Wayne- —12.9 ' — — 165,477,955 r 8.0 —21.7 515,449 46,720,106 .' *.* — 16,490,320,882 , 412,149,480 . * V 3.0 + • 165,067,099 0.5 8.7 —.5.9 64.133.661 16,298,025,716 +11.2 r 23,825,285 , 8,912,630 \ — 44,517,560 22.325,215 Muskegon Bay City : 16,151,513 44,308,378 Lansing V + 1,641,500,339 ". 17,957,322 , V 59,552,187 • * 6,130,273 . Grand Rapids. Jackson (30 2.6 .—10.1' ,.+ 1 ticago— 1 iowa—Cedar " 2,311,734 . 2,940,313,231 -Mich.—Ann Arbor_. Total — 2,913,186,304 1,027,800.000 21,16Q.OOO L — Augusta— Seventh 720,586,724 317.009,846 1,043,400,000 — iSa.—Atlanta — 59,005,172,899 — 4.0 4.5 ■ Eighth Federal Reserve District—St. Louis Mo.—St Louis Cape Girardeau-tj ' 1.182,890,897 1,215,462,697 11,634,708 * Independence 2.7 * 10,902,961 ■ + 11,270,630,253 6.7 110.488,627 1,659,599 1,681,830 — 11,877,157,859 ; 1.4 1 + 0.7 ' 0.2 4,981.200.521 5,021,863,619 ' : ' - 514.616,388 515,822,275 Tenn.—Memphis 578,378,604 El.—Jacksonville 551,200,044 + ' 4.9 3,889.919,184 3,751.305,976 2,251.123 2.151,034 + 4.7 17,147,951 17,896,997 8,802,110 8,686,764 + 1.3 79,031,831 82,844,919 20,364,209,213 20,875,736,455 Qulncy 267,400,000 + 15,681,493 1.3 My.—-Louisville — 5.1 108,985,592 15,790,846 • ^ • 0.8 + ■ — — ■''1 " ' 110.052,147 117,695,629 119,513,811 3.7 119,994,534 » — 4.2 ► 4.6 2,223,009 2,035 125 499,188,967 517,225,288 + 9.2 . Total (7 cities). 2,300,233,429 • - • - • 2,305,907,605 ~~ >'t • 9 "J. ' -r — . . , 0.2 : - 2.4 !• ^ . . • — 2T4T<U31 1^632^920 <436,744,255 386,449,553 . 3.» * Volume 170 Clearings Number 4855 THE 1949 Federal t 34,169,950 1,136,099,332 1,351,977,501 6,628,890 400,255,073 , Paul Winona™ Fergus Falls N. D.—Fargo. 436,737,188 2,551,004 1 3,584.992 1,233,913 6,273,132 D.—Aberdeen. 16,520,397 0.9 4.9 i— 5.0 7.2 — —17.7 49,532,667 2,723,929 1,749,701,290 5.0 2,020,463,859 ! 1.8 + - -13.4 2,849,289 2,469,916 29,140,938 542,979,945 29,795,955 572,445,403 2,744,969 1,525,473 2,452,677 1,700,459 30,152,933 31,550,879 50.604,058 51,461,257 Hastings...:. Omaha Kans.—Manhattan. Parsons.. Topeka Wichita.i.^. Mo.—Joplin____, • Kansas City 5,787,665 + 15.4 4.4 — — 1.7 — - 7.4 47,139,428 ' 1,377,072 — 10,670,376 — 510,230,757 "■* ■ ' Ai.Wi.if.'i 11 lull , V ' 4.3 7.1 — T 7.2 — —10.1 32,666,929 17,021,311 .30,544,328 1.9 Port Arthur... 5,578,642 La.—Shreveport. 42,517,772 (11 cities). 2,355,909,537 * 3,430,084 —"8.5 3,402,989 2,884,029 4,559,014 4,750,217 —To 4,474,341 3,390,692 9~654j21 10~580,903 —~8.8 9^980,901 7^57,179 6.2 384,868,521 316,174,082 1.1 + 7.6 + 4.2 — 6.3 0.8 373,424,302 + 5,177,412,350 24,377,359 16,943,343 1.6 — 1.7 — 5.9 123,629,692 7: .3 9.0 6,341,976 —12.5 11,620,766 + —11.5 292^103,763 6.7 11,102,694 — 16,303,218 2.1 + ' t. - . + 8.6 4,472,392,388 — 1,955,711 9,671,000 690,964,562 J 10,775,095 City. 241,339,734 Ariz.—Pho en ix 57,775,987 Calif.—Bakersfield.. 24,627,654 Berkeley. Long Beach. 25,265,883 59.319.351 • __ Pasadena 18,341,819 Riverside ,v\ — 8,144,067 300,434,783 176,552,745 " 16,286,003 36,521,213 (19 cities). 3,421,186,911 (183 cities). 62,695,638,400 V 4, V V — 2.5 ■' V ;; y • 405,156,983 1949 $ r 8.6 A; 10.3 + ; ■'' ZVA 1 9.5 5.9 —10.3 + 31.6 + 30.6 —15.0 )\ Special Australia, pound Belgium, franc Foreign "bank 7,020,127 6,277,502 212,052.000 358,297766o 277029,381 + 0.1 6,712,000 277O8~5",202 2.3 — — — — — 1.2 20/7027764 5,908,000 4,664,000 4,280,770 + T5 3,207,716 2,588,376 10,064,739 —T. 3 9/74(7,171 8,*78*^577 5.5 265,063,337 201,318,519 + 11.3 5.9 99,418,286 3,855,131 84,270,903 4,234,037 2.4 127,230,082 79,082,909 —1*0.6 5l760G7530 38^8357490 0.4 2.5 298,025,182 ;• ■ V. ■ 32,964,881,770 4.5 4.9 — — !/'V. 112,970,344 101,522,940 3,522,178 3,744,816 138,783,972 135,586,164 cruzeiro TO RESERVE 8.8 2.4 notes" —: NOV. 10, 1949, 2.3 13,971,960 + 19.4 — Nov. 5 8.6 7.2 401,907,804 — 4.1 5.8 11,795,029 4,406,199 — 7.8 — — — — 4.0 ; V Election Day of United 2.773102 .263000 Closed ,140154s .497400 2.733750 sterling ... 2.800937 peso 2.773102 Uruguay, .174562s Day .019975 .019975 . omitted. ■ • Potomac Edison Co., 1799 Co.— ' 1699 1804= V bonds, series A. due 2039_Dec 15 preferred stock, series B—Nov 28 .324850 4.70% PARTIAL REDEMPTION .. 1491' .022862 and gen. mortgage bds., series P 3 Va %, due 1977_Dec Consolidated Paper Corp., Ltd., 3Va,% 1st mtge. bonds.Jan 1 1799- Company and Issue— Bethlehem Consol. .208700 Danville .115717 2.773102 1st .034805 .231520 2.783750 2.800937 2.800937 ** ', / • * »» Pact Co.— 1 , & 5% Power Co.— bonds, due New 2 1392 '' 1951—. .Jan — 1801. 1961_Dec 1697 Dec 1495 1599 North 3%% Vulcanized Shore Gas Fibre Co., 4(4 % Co.— debs., due 1960_Nov 1804' 1804 1805 14 1499 1 1807 1st mortgage 4'4% bonds, series A, due 1961. —Dec Peoples Gas Light & Coke Co.s 3 % conv. debs., due 1963_Dec Poli-New England Theatres, Inc.— 1st •* **■ Traction mortgage National .231620 2.783750 Day Power bds., series J, due bonds, series A, due 1977——Dec Merchants' National Properties, Inc., debs, due 1958—Dec Midi RR., 4 % bonds, foreign series, due 1960 Dec National Dairy Products Carp., debs., due 1970—Dec .324850 Election Data , —— 1st .193329s 2.783750 Maine mortgage Eastern .497400 2.800976 Corp.— mtge. 30-year 2%% York Pow. Corp., 1st mtge. 3'As, due Hanna (M. A.) Co., $4.25 preferred stock Jacksonville Terminal Co.— .140154s .324850 V Steel 1st .263000 ,193329s .193329s Closed / mortgage Southern bonds, Natural Gas due 1958 Nov 12 28 Co.— 1703 1st • mortgage pipe line 3s, due 1968—— Dec 1 Twentieth Century-Fox Film Corp., prior pfd. stock—Nov 23 Union Terminal Co., 1st mtge. 3% bonds, due 1978 — -• - Securities, Ltd.— Collateral trust bonds, 3% 1704 1538 Dec United . . mortgage 3%-6% Pat* 15 *« - 30 1976_Nov .034825 .231400 ** I 1960—Nov y Central ** *sTemporarily Da*® Bldgs., 1st mtge. bonds, due .144938s .497400 • ... - Co. .020060 1»» rate. in which .903125 * * ' • last date for mak-< .208500 *« c or .208500 *s peso Consol. .054406 ** peso •Nominal Terminal Philadelphia Transportation .909090 .140154s ■ peso Uruguay, 2.231739 2.773102 Election #<■ Uruguay, sinking fund provisions. Antofagasta— Non-interest bearing income bonds, scries A to N—Dec 1 Hotel St. George Corp., 1st mtge. 4s, due 1950.* Nov 14 Maryland Casualty Co., $2.10 prior preferred stock.__Nov 18 .138958s .115717 .034830 .193329s pound bonds, notes, redemption, NOTICES OF TENDER Compania Salitrcra de Tarapaca .263000 , - .231800 pound for page number gives the location in .206949s .208700 .324850 ! : called .022862 - .497400 dollar South Africa, under .144933s .140154s peso. krona stocks .020060 .115717 .263000 ! called list of corporate a common .903281 A"/''' .208700 guilder Kingdom, Uruguay, .902500 .002862 .208700 ; and Bush .909090 .208500 ,034830 Sweden, 5,690,590,716 Company and Issue— $ .019975 .002862 rupee Switzerland, franc Union 6,676,990,808 .297778s .054406 .020060 .115717 Settlements, 0.2 . Nov. 10 .019975 .144938s peso Straits + 6,918,993,987 including those $ 2.231739 .909090 r Philippine Islands, Portugal, escudo 11,861,219,343 .909090 .208500 pound-—,.— krone „— 605,742,908 13,318,141,213 3,603,751 7,588,448 Redemption Calls and Sinking Fund y:/:yy::.y:v,:;v Notices ziv-V 1930 ,174562s .019975 .020060 ; Zealand, OF .138958s .054406 (Metropolitan), franc Netherlands, New 732,689,880 9.8 ,206949s .019975 .019970 rupee Norway, 7.2 + * .297778s 2.231739 .054406 of, ACT Nov. 9 $ •138958s Closed - : Nov. 8 .174562s .901875 Dominion + 706,855,356 • the current volume (except where indicated) the details were given in the "Chronicle." .206949s .144938s India, 9.2 13,013,264,809 : 6,932,318,926 Money $ .019975 account , Mexico, + •.11,514,823 V 4,523,044 8,754,471 + ing tenders, and the .297778s !l38958s 2.231739 Free' France 407,884,462 3.3 3.0 preferred UNDER TARIFF Official Ceylon,- 361,235,885 11,696,872 9.5 + + 7,889,589 14,283,067,746 4.2 8,326,446 6,868,167 4,276,948 757,470,692 , 9,987,498 7,915,553 367,170,973 11,421,461 8,615,249 6.3 + 44.3 + 25.8 / 7,918.874 The date indicates the redemption Nov. 7 $ • Czechoslovakia, koruna Denmark, krone 9,683,317 9,964,418 — 477,330,237 178,167,770 367,861,007 V; 6.8 INCLUSIVE ,174562s : 1 + 5l75~33", 539! + 23.6 — 342,491,691,556 BANK TO TREASURY —... Canada, dollar— — —12.2 — 649,022,462,258 328,227,276,979 6.1 4.2 —11.1 35,164,953,192 623,322,266,449. + 6.7 —15.1 2,360,762,044 V 282,599,090 —12.4 454,741,013 175,510,555 346,862,315 167,812,577 339,199,831 .206949s — — > + 19.6 666,978,387 264,268,500 247,619,419 457,850,080 ' v — 17,251,882,869 9.1 6.9 . . — — 97,951,627 8.4 — 27,Y3~57323 + 4,343,139 ' ' \ "0~. 2 6,633,000 97l28,737 J:? 0.1 T- * 57,229,561 5,105,704,924 156,714,070 230,969,249 92,347,000 6,514,317,345 117,735,300 16,008,279,930 _ i 379,255,327 ■ 89,553,293 8.4 —11.7 vZ 592,777,487 ,v 231,932,358 V. 241,957,707 561,990,270 -7 163,656,754 414,176,385 —11.8 — ,V 2,303,454,232., ,297778s "B" Brazil, FEDERAL peso— Preferential 463,968,242 9.3 >i-.- 150,143,314 276,242,462 79,975,000 5,938,921,637 99,934,859 Value in United States "A" 1,2177756 6.6 ~6.9 — 22,643,345,466 4,793,637,074 —12.2 — 20,785,448 Nov. 4 Preferential 1,523,915 + No6n Buying Rate for Cable Transfers In New York Country and Monetary Unit 1~935.878 17892*,199 — Below will be found NOV. 6.8 T.7 — — + 63,771,349 INot available. '.-7' 9,554,664 —10.2 244,224,000 8,846,910,554 53,386,522 0.5 + 35,875,098,672 BY 247,2*127943 11,609,809 — 1,114,145,551 -....i'-v . —17.8 65,626,289,486 CERTIFIED 297,1)337545 3.2 + 6,996,017 1.6 Foreign Exchange Rates Basiq 1 2277539,362 + Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies Secretary of the Treasury the daily buying rate for cable transfers in the different countries give below a record for the of the world. We week just passed: ' RATES 5,447,566 9,329,810 7,646,925 2.3 to the EXCHANGE 7,250,968 11,837,617 477,950; 5,815,687 2437165,000 5.6 — ' 933,294,657 22,088,113,080 Outside New York tNot included in totals. 8.5 — " —11.5 3,674,188,537 34,110,231,737 98,149,233 —*7.9 ■ 488,406,852 1.0 + — 10,341,433,118 404,983,158 y 3.8 ' 1,795,892,749 56,211,886: 18,441,373 39,870,625 : 51.113.352 Santa BarbaraStockton — 33,917,904 9,580,341 ,; 1.645,811,826 3.7 6,377,930 124,944,762 1—11.3 t« ' $7055,131 456,206,199 8.1 172,320,833 45,100,893 —12.8 12,276,309 268,994,320 ' 63.809,339 23,265,762 28,157,578 '45,062,123 44,283,056 San Francisco. San Jose.. 3.6 — 2,351,012 17957,930 4.8 1.4' + 27,097,289,696 44,924,670 3.8 f 29,417,932 7,945,000 631,538,507 v/VA; VA'vZ 525,803 611,499 — 3.3 92,602,050 62,623,160 171,276,926 1.3 5,781,678 504,502,161 17.585,447 29,560,894 ; 317,045,700 10,762,335 1.4 — - 15,562,086 . 474,035 —26.3 7,152,470 12,696,440 5.9 — 470,414,623 244,324,000 8,640,512,745 -U i-."' ;--i Ida.—Boise. 9.6 + 670,820 —17.4 1,347,731,201 1,000,764,181 .. "l^v 491,931,077 498,006 6,806,604 128,363,334 2.4 + 283,056,099 557,437,127 948,501,708 7.4 '(J* 2,450,092,999 5,044,307 Yakima Argehtina, 398,019,803 545,836 520,656 6,427,175 ?y:y : 1 FOREIGN 67^425^649 6.2 23,091,549 303,533,490 166,558,754 - 4.1 Twelfth Federal Reserve District—San •Estimated. 5,447,313 3,138,412 4.1 y..-- Grand total 8,268,003 82^35,533 ■ 296,589,712 10,100,110,288 4.1 , 18,595,353 Texarkana 99,236,967 119,530,744 : 27,515,000 957,644,051 AY, 6,324,545'; 18,208,755 5,509,119 I 44,205,260 6,258,401 Falls. : - 114,616,661 25,468,000 887,343,462 Houston. Total "*3*.2 6.5 ■ 88,477,735 5.4 103,302,913 Galveston Modesto — —_3.8 8,590,798 220,778,422 0.2 — 17,305,001,036 24,914,686,822 6.9 17,992,049 1,123,382,181 Worth- Lake 9,101,338 8,855,968 267,550,786 6.9 — "mi — Paso.j., Salt 8,809,264 2.5 _ 14,169,450,044 6.9 1,102,540,093 Beaumont. ; 94~56M22 —10.9 1.7 — 61,010,898 ' 11 2,919,534,606 Federal Ore.—Eugene Portland* Utah—Ogden. 267,300,927 90^932,763 9.6 + 89,725,339 1.4 — , 9,408,013 *l 2,625,262,650 Texas—Austin Seattle $ 248,936,151 0.9 + 16,090,618 57,410,407 2.3 + 143,938,864 8,756,587 Wash.—Bellingham 194® 8,294,912 0.8 — 45 7,394,377 9.1 130,148,155 12,542,432,463 438,756,867 16,079,639 1,391,740,541 100,579,911 4,256,479,324 —14.6 473,730,525 (15 cities). Total —10.3 1,358,255 Pueblo Wichita + 11.9 9,912,341 Denver..:. Ft. 1048 $ 3.9 + 379,369,794 291,474,137 4,871,443,321 24,971,733 13,990,191308,400,826 487,731,038 5.1 — 137,731,822 Okla.—Tulsa. Colo.—Colorado Springs. Dallas >• $ 9.0 | 158,780,339 23,471,085 2.2 — 1,498,644,520 48,238,838 Carthage • 6,249,030 ' 1,279,749,012 St. Joseph.: El 1940 % + 49,752,783 152,987,663 247,045,221 30,085,727 16,220,886,774 Lincoln Eleventh or , -Week Ended November 5Inc. or 1947 Dec. % District—Kansas City— Neb.—Fremont Total ■!„ ■ , 11,022,864 314.400,055 43,895,000 42,798,200 49,661,592 146,715,444 230,993,727 28,221,366 157,058,268 131,233,055 408,166,367 16,759,987 2.8 + + < f 35,967,200 11,204,062 284,343,308 8.6 — 3,070,457 2,773,428 Federal Reserve Dec. 62,675,291 3,727,200,362 —12.1 — 18,262.479 47,079,646 (16 cities). Inc. , 65,111,611 3,758,383,332 35,644,190 + 40.5 —17.9 21,588,282 15,028,353 Lewlstown.. , 283,818,241 11,661,761,723 8.4 — < 16,372,928 20,039,157 Great Falls. Helena ( 258,326,407 10,596,260,358 3.4 - 23,855,507 2,917.0*25 Mont.—Billings.. 1948 t —16.0 6,453,496 25,016,653 Huron : 39,585,449 / 5,451,000 4,980,200.; Sioux Falls 1949 —21.8 1,503,132 34,792,813 , . Grand Forks_. Minot Tenth CHRONICLE J 6,402,437 ; ' Dec. % k Rochester Total Inc. or 1 "26,704,739 . Minneapolis™ 8. FINANCIAL (1953) 1948 Reserve Minn.—Duluth St. & -Month of October- at— $ Ninth COMMERCIAL series B, due 1952— 1 1339 Dec 1 1845 46, (1954) THE j ISSUE ENTOtB Company and Issue— CALLE?,/—< & spectively. .Borrowings Data - Page - increased . 1800 r r f ; S97 Dec ; class Corp., Thomson Union stock.—, A of Co. Power conv. and 3% 3% cumulative 1640 , 1741 7% cumulative Class West 1957 brokers and for 1 06* U. Government 8. Other ' ' 15 1539 —Nov 16 1641 Other D. 8. loans Treasury bins Treasury certificates ilfatement of Condition of the 12 Federal with Cash Federal thousands •- • , * . ■ of dollars) Reserve domestic Banks ■ , v Nov. 9, . .* 1949 Assets— - '* - Nov. 10, 1949 < - F. for R. 22,716,429 ■' Total gold ctf. Other 243,742 advances and Industrial loans 23,316,999 909 913 ' 4,030,996 Notes Total U. S. Govt, loans Due from foreign tP. R. Notes 298.100 Bank securities- 17,705,696 18,025,710 banks of other Uncollected 35 banks— 823,600 : 11,223,488 23,144,151 23,471,526 ' - 35 v 49; ; 97,446 111,199 127,563 2,568,631 2,785,135 33,084 32,972 32,223 premises Other assets e 17,533,396 18,145,086 i,. 2,339,716 items ~ 2,191 — 56 — 37 — 104 133,691 B Graton — 481 + — 18 + 2,457 — 133 + 860 " — + ■ 49 first v,; 128,757 212,124 which Then show the dividends we Investment News 12-10 12- 12-10 holiday. 1- 1212- 3 12-10 2- 11-17 1 2- 1 1 1- 9 I- 9 & 11-30 11-18 50c 12- 12- 50c 11-22 11-16 $12 Vic 12-15 11-15 $25c Brick Utilities, Tile 12-15 11-15 25c Co. (quar.)_ A (quar.)__ Corp. A preferred Oil, 11-15 11- 10c 12-15 11-18 ioc 12-15 11-18 12- 1 11-18 12- 60c 1 11-18 12-15 11-21 $1.10 12-15 11-21 25c 12-10 25c, 12-10 11-25 25c 12- 1 11-17 87V2C 12- 1 11-17 1 11-15 (quar.) common (quar.) ' , 12- 30c 1- Ltd.— $10c • * 11-17 41-18 1 J 12-4 ■V12- +37V2C ~ 2 12-16 12- $25c com. (quar.) (quar.) 12- 3 12-1 $1 $25c preferred 11-25 12-12 62V2C : (s-a) partic. 4 30c (quar.) Imperial Varnish & Color, Lid., conv. 1 90c (quar.) Ltd. 9 ' ^ common (quar.) Instrument Co. preferred Imperial 11-18 11-18 1 - 12-31 12- r-$$1.25 12-31 12- 1 $$1.06)4 (quar. 5% conv. preferred ($25 par) $31)4c (quar.)^_~ International Nickel Co. of Canada, Ltd. t40c -$40c 12-31 12- 1 12- 1 5% - preferred (quar.) $50c r preferred International previously announced, but 1 12-31 ; 12-20 -11-21 12-20 - second table in "11-21 .■ 12-15 II-21 :$1 - (quar.) common -'$1 12-15 11-21 $1 Paper Co., Year-end 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 Corporatioh and $1 (quar.) Acceptance Corp., Common (increased) a 12- 93%c Co. Industrial follow with we 12-10 $1.25 Hobart Manufacturing Co. (quar.) Holliiigsworth & Whitney, common are week. 12- 12- 500 $4.25 ; 1 11-18 12-22 +30c (quar.) Rubber <fc Chemical 3V2(/c grouped in two separate tables. In th« bring together all the dividends announced the we 12- 12-10 .. preferred Heyden DIVIDENDS Dividends 11-19 12-15 .,- • Slates $4 of 12-15 $1 . . because ' $20c (year-end)~L 5 11- 9 "12-15 Extra 22,515 (San Francisco District) 12- 11-18 J15c —. (s-a) A ' $4.40 435 + - 40C 60c Gulf 66 — 12-15 " 11-15 12-15 50c ** J25C Great Northern Paper Co 348 ■ ~ -31c Knight Co., $1.80 prior pfd. .(s-a) Great American Indemnity Co. (quar.) 253 15,261 accounts, 11-10 <fe Hammond Govt, 11-15 2 - (A. C.) Company Mackay Stores, Ltd. cl. Class 78 — 61 11-13 1 12- 12-15 11-21 } ' $4 preferred (quar.) International Intertype Jamaica Department" in the week when $5 declared. - Petroleum, Ltd. (s-a) (year-end)_ Supply, preferred Jefferson B $5 pfd. 11-18 1 50c 12-15 12- $1.25 12-31 12-15 $1.25 (quar.)__ A 12- 425c - 12-31 12-15 Corporation Water (quar.) J 1 ■ Hotel Co__J_ __r_. r' : 12-! $5 11-15 5 . ■ . • assets ———44.138.596 Liabilities— federal S. notes 23,321,430 * • Member U. \ . Reserve Deposits: bank—reserve Foreign / 49,705,287 ■ acct. 415,162 544,854 688,811 .660,802 _____—530,955 557,988 — 19,947.180 1,553,156 - 434,392 477,877 , deposits Deferred availability items— Other liab., incl, accrued dlvs. — — 17,779,683 18,200,644 2,180,264 2,297_816 12,411 liabilities American Encaustic American Home 43,734,125 48,935,060 Accounts— Other capital 466,711 Contingent liability Commitments trial Batio on note *49.705,287 ■ 4.534 4,119 1 858 $7 preferred certificate 1,835 re- 6,104 v 56.6% 56.3% 49.0% The condition statement of weekly reporting member .banks of the Federal Reserve System in leading cities following principal An increase changes for the week $400,000,000 in loans, de¬ of of $437,000,000 in holdings of United States Gov¬ securities and $481,000,000 in demand deposits adjusted, and increase of $514,000,000 in borrowings. industrial and agricultural loans in¬ an Commercial, creased $17,000,000 in the San Francisco District $15 000,000 in New York City and $13,000,000 in the Dallas District, and decreased $16,000,000 in the Chicago Dis¬ trict, and $11,000,000 in the Cleveland increase at all reporting banks and dealers for brokers District; the net was $19,000,000. $4.25 preferred- Beaur.it & Mills, Bessemer «& Investment Units Boston purchasing or preferred was total of in New York "other bonds securities" City and a total of banks. deposits City. increased 3 I $1.07 1- 3 - 38'Ac 12- 1 20c Co. shares held) Brunner Mfg. $5 (One share Co. each 21) Forge Canada Crushed (quar.) $1.25 Canada Foundries Sugar & Co., Co. • Paper Railroad J.) Company 5c at all report- States dividend Coca-Cola 11-18 11-21 10c 12-15 12- 1 50c 12-15 12- 1 12- 9 Confection preferred (quar.)_i Co. Line Life Co., (quar.) common (quar.)_ — Insurance Co. America— of "20c Rust-Proof $2c 12-14 11-22 12- 11-19 5 Year-end $3 class A Coca-Cola Peabody 12-19 $$1.25 12-31 15c 5% pfd 12-15 11-30 11-23 11-15 Products Co. Coal — 50c — 62V2C 12- 1 (reduced) preferred (quar.)__ 10c 12- 1 31V4c 12- 1,. (quar.) Co. Co., convertible Holdings of Class A (s-a) adjusted, decreased $288,000,000 in Chicago District, and by smaller amounts in nearly all of the other districts. Government deposits decreased $133,000,000. Demand deposits credited to domestic United States (s-a) Community Corp.— (quar.) common prior banks and to and Mills v Carbon Public Co. re¬ 11-25 Pcrmanente Pcrmutit 12-15 11-25 12-15 12- 1 12-15 12- 1 (quar.) B (extra) Continental Extra 12- 1 12-15 12- 10c 12-15 12-'1 Co. (quar.) (quar.)_^ ; Casualty Co. 12-15 $1.50 11-30 (quar.) 12-15 11-30 62V2C 12-15 11-30 30c 12-30 12-15 12-30 12-15 50c 12- 1 50c 12- 1 " 1 11-15 12- 1 11-21 Inc., (increased com. Placer preferred Erie Development, Plywood, Powell $5 RR. Ltd. pfd. 12- 7 12-12 11-28 12-12 11-28 3 12-20 1 11-18* 12-15 11-23 9 11-18 11-30 11-24 $50c 12-15 11-24 $85c 12-15 11-24 $25c (s-a)— 5c (quar.)___ Extra 112- $2 — Ltd. Co., 7 12-15 $1.25 (quar.) Co._—— Inc. River 12- 53V»c (quar.)— Lake & 11-15 12-15 20c quar.)_ 11-30 20c — 12- 1 30c $2.50 pfd. Assurance Pitney-Bowes, Pittsburgh 11-16 11-15 12- 75c (quar.) —— Pittsburgh Coke & Chemical, 1 $1.50 Consumers Company, Company 1 12-15 5-17 1 30c : , 1 12- 11-17 6-12 12- $1.12% (quar.).— (quar.)—— 12- 11-25 12-12 15C Metals Corp. Extra Frice 4% __ preferred 4Vat% Corp., 4)4% 37'/2c __ Perfex 12-15 11-21 12-20 20c 12-1 12-10 12-31 50c Corp 12- 40c Inc. Engineering 12-15 12-15 11-16 $3 — 12-15 ' 11t16 45c Pennsylvania 11-25 50c Corp; common 11-21 ■ — _____ ■50c 12-1'5 50c Co Connecticut Investment Management (s-a) Consolidated Chemical Industries, Inc.— $1.50 partic. preference class A (extra) Extra Corp., 12-15 $3 (quar.) Service Hampshire) 12-15 $22.50 : Co." (New (s-a)__— ■ Pennroad 12-15 50c Continental $61,000,000, Casualty preferred 1- 3 * ; _ Congoleum-Naim, Class 6% 1- 3 $1.50 _— (year-end) Columbian Cone Peerless , hQlUc $2 : International Common $33,000,000. 3 $1 common 11-21 11-21 Pen 5% Company, 11-15 12-10 1 25c Co Extra Stock 11-26 11-25 $1 12-10 37V2C Chicago Rivet & Machine 12- 7 12-10 10c 1- 12-10 10c common.. (quar.)_______ 11-30 3 50c —— 12-16 Inc., 12-15 .12-12 Parker $1.12'/a preferred 11-30 20c Parker 12- 2 Mills, 11-30 11-30 12-15 30c 11-14 1- Hosiery 11-30 12-15 $15c 11-14 Y2-24 convertible l$-30 12-15 —^ 12-15 55c 4l/z7c 11-30 12-15. 12-15 Pharmacal 12-15 9 (quar.)_ 12-15 , . (extra)___————— Light. Heat & Power, 9 common 12-15 4c — (quar.)—^ Clay 11- (quar.) 3 3c — Riypr Insurance Co. 5% Light Co., 1- 4c -— Pacific 11- preferred 11-18 8c —— Ottawa 11-23 Illinois 1 6c — 11-25 11-23 4%2% 11-25 12- 50c 11-25 75c Chadburn il-16 12-15 of _____________— 12-14 75c Central 11,-30 12-10 +411-16 .. series——— 12-16 Co.—- 1st , 12-10 Empire Mines Co., Ltd.———— $2 50c (s-a)__*_ Co 12-15 '.v-v —— estimates — $50c Catawissa 12-16 5c $50c (quar.) 11-28 12-31 (Tenn.)— y are $$1.50 Carpenter Co. (quar.) series stock Co. Old Extra 12-12 11-28 distributions. 15 shares (J. Ohio 120c (s-a) Holdings of United $168,000,000 Ins. J37,/2C Canadian Malartic Gold Mines, Ltd. 2 12-22 12-12 20c $25c (quar.) 3 40c 115c Class B 12- Norwich Forgings, Ltd.— Canada Malting Co., Ltd. 12-12 40c Co. Power & Light Co.— preferred (quar.) North $1.90 Ltd 11-25 Northern $1.25 - 12-10 11-22 $2.50 — shares Norris Oil 45c Dominion Inc.__ shares Newberry —; & 12- 15c amounts shares 4% 11-21 Co.— (year-end) Stone, Ltd, (quar.) 11-18 12-15 11-19 50c series Industrial • Oil — 12-12 12-12 New Jersey 4-15 Co. Canada Dec. Clicnncal .__.__i.__ 1 V •• ^____ Funds—*• "Institutional . \ (s-a) $365,000,000 New York City, $102,000,000 in the the 11-18 tw< (quar.).__.. Buffalo Trust following Aviation (year-end) A National (Subject to approval of stock¬ preferred Class National-Standard 11-15 (quar.) 1 5 12- 70c . (quar.— Building for common 11-19 11-19 - 11-18 12- 12- $1.75 ________ Co., - Ring 12-10 35c (quar.) common Accident 3 3 50c i . & 1- I2V2C . Brunswig Drug Co Extra 1 Life 11-15 * (reduced) Company, Corp. Piston National 1 12- Corp., 11-25 30c (quar.)__ & P.) 11-15 12- 25c i :— - >Muskegon : The (s-a) Co., Brunswick-Bulke-Collender Common Extra (quar.)— March on 1 1 (J. Wheel Motor 11-15 1 12- Co. quarterly 11-25 1 12-14 30c (quar.) Alining & Mfg. preferred (quar.)___ Morgan 3 12-10 Co.— Ltd!, com. (quar.)..—, dividend holders 1212- $1.50 Thermit Increased 12-10 12-10 Co. 12- 7VaC v (quar. Sales & Income Oil preferred Stock 1- 1-20 Co. preferred $4 America— Rubber 12-15 1 37V2C — Mississippi River Fuel Corp.— 11-18 11-18 — interest <fe - issue $39,000,000 in New York $54,000,000 at all reporting member 1 preferred decreased ^oreigtj banks increased 1 12- 3 Extra Demand 12« & Gas Minnesota (s-a) British-American Rubber of 7% 8 12-15 12-27 30c $1.12 V2 1- <s-a)___ Metal 11-21 1 preferred 2nd Issue Holdings of Treasury certificates indebtedness decreased $105,000,000, of which $76,000,- Covernment 11- 12- 5% fr 000 11-15 5% Holdings of Treasury bills decreased $251,000,000 in a Trust Hose 3 carrying United . New York City and 11-18 1 — — RR., $3 pfd. beneficial of Woven Electric Master 1- (Increased quar.) Erie Mfg. Star 12- $1 (quar.) Co. Lake Lone 11-23 $1.75 $1.25; preferred Gossett / 40c (quar.). .r— 11-21 35c ; (M. 11-23 25c 30c ... 1 15c (quar.) D.) 11-23 Loans to Governme"t and other securities increased $338,000,000, largely in New York City. "Other loans" in¬ creased $32,000,000. j, ' Of Inc... (quar.) (quar.) G% Condition Statement of Member Banks ernment ... Industries, common (quar.). preferred Brown creases Co., $4 : 3%% the (quar.) Picture Light 12- ■ 10c H.i, Inc. (quar.) Company (quar.) Stores, Inc. (quar.— (H. Lincoln 15c 4:. Lantston Lee 9 12- , t20c i.-— (quar.) Hydro-Electric, common Bangor Bond indus¬ deposit and F. R. liabilities combined shows Motion Gas 11-21 $1.18%- — (quar.) common Laclede-Christy Co. 11-30 40c Ltd 12- common (quar.)____ Creamery Co., preferred 12-19 12V2c foreign to ended Nov. 2: Co. 60c Ludlow 15c accept¬ make 3 preferred Knutlsen 11-18 9 12-10 Co..., il/apreferred ) 44.57t.807 1,834 gold 94,379 121- * 12-10 (quar.) Assurance Corp., Carpet Atlanta Bell loans of- serves, 27,543 .1 12-14 50c Apco Mossberg Co. ;(s-a» 448,189 27,543 ,139,140 44.138.596 ______ to 200,116 466,711 > 143,110 for purchased correspondents 207,238 27,543 accounts Total liabilities & cap. accts. ances 207,444 — 12-14 ''12-28 434% 11-30 12-28 Kentucky Utilities Co., 12-15 12-15 ' 25c (quar.)... Tiling Co. Fire National Associated Capital paid in Surplus (Section 7) fiUTplus (Section 13b) Company 2,328,031 . 1-10 50c 25c Artloom Capital Chicle 1 20c Holders ... Payable of Rec. 75c Extra 12,779 . When Share 22,412,605 11,438 43,293,788 , 12- 12- 10c r Per ...................115cv Aluminum Co. of America, conimon.....__^i^, '; 50c $3.75 93%c (quar.) j Andian Total ; , 0' ' Addressograph-Multigraph Corp. (increased) Standard Engineering (year-end).__ Allied Laboratories, Inc. (quar.) American Total \ Company V-'-v:V-... 12-15 25c Kayser (Julius) & Co. (quar.) Kent-Moore Organization, Inc. (quar.)—,— -it:4- 15c - are: \ Aetna . , Name of "V ' 24,181,645 r . 16,437.000 .1, The dividends announced this week V1; ■\f V* ■ 16,144,755 —— — . % 23,224,227 . acct. Treasurer —gen, -Other 44,574,807 / , . Total 4A Gordon 514 11-20 12- $1.25 - - - ■ 6,119,819 ;Y 7,536,200 securities— and Gilbert 725 + - (quar;)+_% (s-a)_____— Tire $1.50 current Total S. 4,977,244 7,534,700 _ U. . 3.902.196:;.',: 5,796,900 . 298,100 — __ 1,554 + + A 50c 21c - (quar.) class $1 50% -■ Canada, Ltd ; r__— class A (s-al———— Georgia-Carolina + deposit accounts, except and 973 5,841.900 _ 523 — 326,402 — of preferred 54 168 (quar.)^i^__ 250,935 b 610,777 securities: Govt, Certificates demand to "Preliminary 22,825,732 271,128 . $3.75 33 1,374 11-24 *— ... B General + 46,860 during week 630,303 319,105 -Bills Bonds 22,195,429 549,568 23,265,172 reserves cash Discounts U. 6. 22,767,431. 548,743 Associates- Co., Ltd., Corp. (final) Products — 647 interbank fund notes RR. General Motors Corp. com. $5 preferred (quar,) 2,863 + 11-16 1 + 'v>. Special 239 + 9,159 1 12- * (resumed) Brook Fittings, Ltd., class : : deposits adjusted. Foreign banks certificates ^ademption + 105 Boi rowings Debits Gold Bound Utilities Class 4,133 2,146 Interbank demand deposits: Domestic banks 1948v - - " -f 299 A Extra Demand Nov. 2. - 437 + 11-16 12- , 11-16 1 50c ■ 394 12,339 banks Time deposits, except Government U. 8. Government deposits / + 735 with Liabilities—- Reserve Banks Combined 32 365 vault In Balances Fibre 33 — 4,959 1 225 + — 26,348 12- 12- Empire District Electric Co.__J. Falconbridg^ Nickel Mines, Ltd._ 68 — 7,286 J — 11-15 93%C" (quar.) class Paper Electrolux 30 —r 2,617 indebtedness— of 11-15'_. 11-30 11-30 * 45c ' First Security Corp., — 1,150 bonds Reserve . & Eastern 326 25 — $2 931ic ■". (quar.) oommon (quar.) Aircraft of Canada, Ltd.—r $2 non-cum. Eddy 630 " + 37,401 B When ,; Holder* > 75c _ ■ . Supply Co. of N. Y Co., Ltd ordinary (stock bonus) East Mahanoy RR. (s-ai_ <. + 4,266 securities—Total 7 7 — A > 25c, -11-30 t Dentists' .... —w 4,246 (quar.).,, common Distillers - + ; preferred Delaware 1,734 .. — 207 Government U. S. 177 Per Share,^Payable of Rec. :! 3%y«-• preferred 345 » + 49 . . 420 loans Loans to banks 1539 30 ; 289 + . Varnish Co., De Havllland • : + 765 purchasing, or carrying: Government obligations Other securities ; v. i — v; 853 _ for estate . * preferred'(quar.) _i__ prior 3%.% 409 ; ; . Other securities Real 1539 this Issue. (In —j 19 pur- obligationsI securities loans Xf. S. r 1 15 -----Dec In 400 .+ & Dayton Power & Light Co., 4,449 + — ; • Treasury note3 •Announcement 91 + 13,699 ' * -. , 400 agricultural-', dealers carrying: or ' Other Nov Nov Virginia' Water Service Co.— mortgage 3V4% bonds, due 19G6-. 11st , + Company Extra $3 Nov. 3, . stock— A to — 24,633 and —— .. stock stock preferred preferred 66.681 24,321 chasing Electric Co.— Penn Investments—Total — Loans 180.7 Jan -Dec Cook Paint 1948; (In millions of dollars) „; , end loans 1703 collateral trust certificates Upstate Loan Co, Inc., 0% debentures, due 6% 1949 • . Commercial, Industrial, * « 15 United Rys. 4% West 1601 31 Transportation. Co.—, <fe Oct. 26, 1949 Loans—gross « serial debentures, Nov 15 debs, due 1967_,-—Nov 28 4% California. Ltd, Co, Oil United 43/4% Loans ♦Nov. 2, * Loans—net 1699 15 27 Petroleum Container Corp, Assets— - 1699 13 1st pfd. stk.-Nov pfd. stock—___Dec Ottawa Light, Heat & Power Co, Ltd, 5%-pfd. stock.Dec *»hiiip Morris & Co, Ltd, Inc., 3.60% pfd. stock., Dec States Katlonal Name of Inc. (+) or Dec. (—) Since ' ... , ... 1693 - Middle ' ' , - . , Montreal Refrigerating & Storage, Ltd, .5% , Monday, November 14, 1949 - in-New $422,000,000 V . ' f5Quitable Credit Corp., 6% con v. deb. bonds, due 1067.Dcc 1 Oeneral Pireproofing Cq., 7% preferred stock Jan 1 Steel Castings Corp.. 1st mtge. bonds Dec 1 Indianapolis Power & Light Co.— : i 1st mortgage bonds, 3 J/4% series, due 1970 _____Nov. 25 1st mortgage bonds, 3%% series, due 1973 Nov 25 General CHRONICLE A summary of the assets and liabilities of reporting member banks follows: * ' 1489 5% 1st mortgage debenture stock and bds., due 1959-Dec 31 Chicago, Rock Islapd & Pacific RR.— r * 1st mortgage bonds, series A Jan 1 •Consolidated Engineering Corp., 0% con v. debs., ser. A.Dec 20 FINANCIAL York City and $105,000,000 in Chicago. Jllgoma Central Terminals, Ltd.— , COMMERCIAL Brothers & preferred Reliance Mfg. Co.. Ltd., (s-a)_: Co., 3%% common $$2 conv. pfd. (quar.)_ 3 12-12 1- 3 12-12 8 7 Vic — 1- I$2 (s-a) —— 1- 3 12-15 2c 12-14 11-15 "20c 12-15 11-21 25c 12-10 11-10 25c 12-10 11-15 25c 12-10 11-10 11-15 25C 12-10 11-10 Ric Grande Valley Gas —______ ' Rowe Signal Corporation Oil & Gas, (quar.) class A — (quar.) —* 11-10 ; Volume 170 Number 4855 THE Per Home of Company ' Sheaffer tW. A.) * H Share Pen Company (quar.)_____ Simonds Singer 11-15 11-25 11-15 5c $1 $1.50 25c 11-15 12-15 12-14 12-14 11-11 11- 5 11-17 11-23 11-23 11- 1 $1 11-15 $1.12% 40c 12- 1 12- 1 11-15 12- 5 11-15 11-15 11- 8 11-23 40c Motor Saw Express-;—_——™*™*_ Steel Co. (year-end) & Manufacturing Extra Sivyer 12- 11-23 t, .*_. Castings Co— Advance 4%%. Bag & preferred Southwestern Spartan Staley ,™_™_™_ (Massachusetts! Mills Southern ■ • (quar.)—* «r™™ ■ —$1-50 Co. _______ Steel Scule Name Mills Telephone Co. Mfg., (A. E.) (quar.) 20c _ _™™™_*™..-i:*™™*' _™_™ $4 .■ (quar.)*™**™ common 11- 5% Extra 33A% 1 **™__™ ** —™™™*_™——93c Standard Accident Insurance Co. (quar.)— 36'/4C ■> 4Vj l/0 4 Standard-Coosa-Thatcher Standard — 75c common Partic. conv. preferred (cumulative) (non-cumulative) preferred conv. Participating (D. A.) Oil A partic. Sunshine Fenn & Co. Co., Taylor, Pearson 5% convertible Shovel 7% $20c 15c ________ Tyler 12-15 12- 12- 1 12- 1 (quar.) $1.75 —™____ — (s-a)— Co. . 15c :■ 12- 7 30c 12-20 1334c ? r!$l ™™__— 11-15 - ( Interim „■ - Arcade Co. 11-30 11-10 11-10 Inc. 12- 11-10 30c 11-15 1 Arden $3 11-10 ,j.l- Co.-, 11-15 Byron Jackson 11-19 Calaveras. Cement, 11-16 :yAVa% 20c 12-31 12- 5 $1 12-31 12-1 12-31 $1.75 1-3 12-5 ' f'Argo :v-'' Co., ; preferred 8% r Van Virginia Dare, Warren $3 Oil Co.-:.-™.-, Inc..™' Co., 12- 1 2 11- Oil Ltd., (Northam) Weber Showcase 11-21 11-19 12- 11-18 $1 $31 Vic; (quar.)—;**4 pfd. 1 12- 1 Arkansas J Armco ( 11-19 Fixture & 75c 12-1 12- 1 11-21 40c 12- 1 11-15 __________ Co r 11-16 10c ;___*™_ $712-15 12- .■ty- Common $1.20 6% Utilities preferred conv. Westmoreland One Corp,, 5c share Coal 11-15 Wilson Brothers, Wilson & $4.25 14 5% preferred Company, ; 62%c 12- 1 1 11-14 1-3 12- 6 12-19 $1.06(4 25c -—- Ordinary ' . f 1( ,, West & a'..;..;';; {11-17 tic . 1- 3 11-23 11-19 • 3- 1 4- 1 series 3-20 Auto • When > Per Share B B. C. Vending F., Inc (quar.)—— Corp. Holder» Gold A Title 11-15 11- 11-15 10-26 12- 1 11- 1 1-3-50 12- 1 Surpass Corp.— ( - • preferred 5Y2'/o hVz'/o ($10 Canteen Co. 4% 12- 1 Building, Baltimore ■ 12-12 11- 12- 1 11-21 12- 1 10-31 100% 115c 120 Barber H.) Bathurst Power II-15 12- 1 11-15 34 %c 12- 1 11-15 25c 12- 10c 11-15 1111- 9 $1.25 .*.**™.._™™_™.— Corp.™—™ 1 Co. Stores 3V4% Co., V (quar.)™™ com. convertible preferred Aluminum Co. of 12-23 12- 2 12-23 12- ; , 30C : $1.37% 12 %C 5 11-15 • 5% Bell y 2 12- 4(4% Berkshire Bertram 10-31 11-15 •t- Class 1 11-11 Best & Corp., B $25c 12- 1 11- tCOc 12- 5 ;• ™_— .**»*_™_™**^:'i, y +50c Corp. (s-a)™™™*™*™™*, •ri-" 70c Airlines, $3.50 pfd,, (quar.) 87J/2c 12- 5 11-10 Holding Extra Amerex 12-10 11-17 12- 1 11-15 12- 1 11-15 11-30 11-15 American American (quar.) (increased» Ltd. Automobile Ins. ' (St. Co. Quarterly . American Bosch American Can American Forging Extra American i3/* % & $2.50 (quar.) General preferred Corp., preferred Extra k ' (quar.) Insular, Convertible 11- 4 11-15 1 11-19 12- 1 11-19* i 5c 75c 13-15 12-15 1- 3 11- 4 11-16 12- 2 preferred Bickle-Seagrave, Ltd. Blgelow-Sanford • 6% preferred Blauner's (quar.) _ 6% Blue Moon Foods 11-15 Boeing 12- 1 11-15 Boston Fund. 12- 1 11-15 Boston Woven 12-12 ,11-30* Bourne 11-15 12-13 12- 11-14* 1 11-14* Illinois Central • w 3.40% ' Central - :Kansas 11-17 4V2 % 11-30 Chapman 11-30 11-15 11- Mills 1 Ltd.— . . 11-15 $37 %c 1- 3 12- ' 10-31 37 %C 12- 1 11-13 4%% pfd. <quar.) $1.12% 12- 1 11-15 12- 1 11-13 30C 20c 12- 1 11- 7 27 %c 12- 1 11-7 62 Vac 12- 1 $1.25 12- 1 11- 1 25c 11-30 11- 1 12-31 12- 1 pfd. (quar. 1™-— common.™ Service,: 12-15 12-15 1 11-15 Chili ' 10-31 11-15 11-15 ; 10-25 12- 1 * 11-17 1-3-50 1211- 60C 12-1 11-14 12- (quar.) 12- 1 12- 1 11-12 12- 1 11-12 25c 11- Mills, 11-13 11-15 11- 11-30*. 10-31 11-15 11- 1 11-15 11- 1 11-15 10-27 $1.50 11-19 11--7 15c 12-15 12- 1 15c 12-15 12- 3 25c 12-15 12-5 $1.12% 1-3-50 12-18 8 11-21 tquar.)**™.*™ Corp.,:,.jcom, )quar.) *_™™™*__*™™_™-_,**™-_- (quar.) *_*«*.„**™—™_ 25c Engineering 11-10 10-31 50c tquar.)*™-™*™ 11-25 25c —;_______„„**™—*_™ 12- 40c Co.*™.™**™, 12- 1 11-ia 1-2-50 12-15 $3.50 1 11-5 ,V'l; 75c 12- 1 11-15 25c 12- 1 11-19 5c 12- tquar.) 1 11-10 12 %C 11-21 11-10 50c 11-29 20c 11-14 11- $1.50 12-12 11-14 11-15 10-17 .; ™___™_™__™—* Corporation ■•' 35c , 35C 12- 1 12- 1 11-10 12- 1 11-21 15C 11-15 1 1-1-50 30c 12-15 12- 1 12-15 12- 1 12- 11-10 $1.25 4% 1 12-31 I 11-13 10-20 30c 11-15 10-20 $1.12% 1-1-50 12- 9 11-14 7% 11-15» 11-10 Clinton $1.50 12-20 12-13 12%C 11-25 „ - ; , 4% special Industries, Common - 11-10 Clor-ox 1 11-15 87 %C 12- 1 11-10 20c 12- 1 11-16, 20c 1-3-50 12-16 50C 12-10 11-25 $20c, 11-15 . 12- 16C 11-25 11-25 11-15 11-25 11-15 10c 11-10 Co. ! (quar,) * Hardware, Ltd.— (quar.) —$1.20 pref. (quar.) 2—.—.—ii*_:—_* Cockshutt Plow Co., Ltd. (quar.)*** 10-31 50C Chemical Class 10-27 A Colonial Stores, Inc., common (quar.)— 4 % preferred (quar.)™™-'™*™-'—i 5% preferred (quar.) Co.^common (resumed)™* (s-a)_™_ 12-15 11-18 12-15 12- 1 Boyertown Burial Casket Brazilian 10c 12-15 12- 1 75c 12-15 12- 1 75c (quar.)*™* * 12-20 12- $12VaC 11-15 10-31 $50c $3 6 11-15 10-31 Colgate-Palmolive-Peet $3.50 preferred 25C 12- 1 11-21 Colorado Central Power Fuel & * 12-15 11-10 10-31 $30c 11-15 10-31 $20o 12- 1 11- 50c.. 12- 1 11-21 50c 12- 1 11-21 12- 1 11-21 62 %C 1 Iron— $$1 —„— Co., com. (quar.)* (quar.)______*—_f_™__* Colorado Traction, Light & Power Co., Ltd. Semi-annual 11-10 — (monthly)***™ (quar.) Cochrane-Dunlop 11-8 1 (quar.)—™*™*™* common (monthly) 11-24 12- 50c guaranteed regular guaranteed $1 15C $1.25 10c 12-15 1 12-14 Class B 3 12-20 $1.37% 12- 25c * 11- 11-15 1 (quar.) U-lft $1 15c 1 class A 4 55C 11- Co., Ltd., 11- 9 40c —— Multiplier Corp. (stock dividend);—* Machine Corp. (quar,)™ Electric Illuminating Co., com.™ $1.20 preferred (quar.) $4.50 preferred (quar.) — Cleveland & Pittsburgh RR.— 11- Roller Bearing Co. 11-18 11-15 50c Co.*™, Company 12- 11-10 Clearing 11-14 Bower 5 Cleveland 11-15 11-15 1 Inc. Auto 12-14 25c 12- 17C Clary ' 11-15 11-10 10c 11-12 30c $1.35 1 50c _™***_**™*__ Service Public City Water Co. of Chattanooga— 5% preferred (quar.)__ 1 $1.05 (quar.)* 1 12- 50c 11-14 1 12-15 11- Corp.— preferred (quar.) —„_*_*—i—_ Stamping Co...__ —__*.—. City Investing Co.* common (quar.) * 5% % preferred (quar.) *—™— City & Suburban Homes Co. (S-a) — 8 $1.50 1 11-15 90c 4% City 2 11-22 12- 11- 22 Vac (increased)*™** ^Cincinnati Gas & Electric Co._**_ Cincinnati Milling Machine Co., com. tquar.) 10-31 $5c ; 11-15 12-17 11-15 85c (quar.)_*__™*»™*_™_— Insurance Co Copper 'Chrysler 11-18 11-15 11-30 12-31 T' ' prefeired Chilton 1. 7 20c * Corporation, $3 preference tquar.) Chicago Yellcw Cab Co., Inc. (quar.)* Chief Consolidated Mining Co. (resumed/*. Chiksan Company (resumed) *—*™~ 1-2-50 11- 40c 30C (quar. )***__ Chicago 1-2-50 12- 9 11-15 iquar.) $1.12% $15c — (quar.), 12- (quar.) —,***— Valve Mfg., 7% pfd. (3-a)_™—1 Corp. of Virginia—;**__*^—__*_ $4.50 1 $1.75 ***** 10-28, $20c -Chesapeake 60C ***** 11-19 11-15 $$1.25 tquar.) .Champion Paper & Fibre Co., common 11-30 $25c (quar.) 1 ■%>■■■' n preferred 1-3-50 +5c Rubber 10-15 12- $30c 25c Products Chambersburg 75C & 11-23 11-15 com,, tquar.) & Aircraft Belt 25C Hose 11-15 12-15 (quar.)____™™*_*______™ Ribbon Cessna /'Chain 1-14 Inc* (quar.) 1 50c 1-3-50 L-31-50 (quar.) 11-10 12- * City, Mo. Year-end 11-15 $3 (quar,)*™ (quar.)_*™™._** ;*_*** 12-10 "4$5 115c 'Central Vloleta,/Sugar Co. S. A.—' Less Cuban tax of 8 7/10c__*-**™_*_*— 1 1 u"3® +25c Corp.___— 3 1 :11-30 r (quar.—. Vermont 1-3-50 35c 11-15 420c ,.;;;^.*_**™_- & Co., Public Surety Central 3 11- 12- 1 11-10 Light & Power Co.— preferred (quar.)— $$1.75 $$1.50 12- 12-10 - Company (increased quar.)** •^Central & South West Corp. (increased) 11-10 11- 0 11-15 $25c Soya Certain-Teed 11- 1- 1 Ohio 3.60% Central Century 1 10-31 12- (quar.)_,_. preferred Central 2 12- 20c ■■■ 2-2-50 *™+L*™*™*™*™*-*™*_***™*_-^* 11-30 12- $1.18% ■' 10-31 11-22 + — (quar.) preferred $2.50 preferred 10-31 11-15 $1.50 Bowes ■ (irreg.) 1 12- 11- :■ 1 (quar.)_ 11-30 11-22 Ltd.— -—____*_* Hollywood Building Co., 11-15 11-22 : 10-31 1-3-50 25c $25c i , •—™*_„^ ,Central Louisiana Electric 12-21 11-29 ; 11-15 +50c $20c ' ' *, • preferred 12- 12- 1 1-9-50 11-1A Light & Power- ',,.4% -preferred 12-13 (s-a)„™*_* common $20C 10-28 ; +25c (quar.) Trust, Foundry Co., 5% 7 5c 12- 11-25* ■ 1 25C 11-15 (Sidney) Company (quar.) Airplane Co SDecial 10C 11- 12-1 Blumenthal 1 50C (monthly) preferred 11-10 12- Ltd, Central 12-11 1-2 12- Co., Ltd.— Wirebound Boxes, Common 25C preferred Co., Corp., Ltd. (quar.) Utilities, Ltd., 5% pfd. Arizona $1.10 Vt (quar.) Brothers Tobacco, 11-18 $25c Tire 30c Year-end Bloch 12-20 _ (quar.)*** (quar.)*— Companies Pirie' Scott Carson 11-15 $1.50 12-15 $32 %c tquar.) Capital Estates, Inc. (s-a)™™**™* Cap well, Sullivan & Furth, 6% pfd. 1-13 12-21 $37 %C 10-31 11-23 Central New York Power Corp.— 11-30 $1 12- 9 iquar.) ,; Extra .11-15 25c ; ♦ Co. Ltd. preferred tquar.) (quar.) preferred 50c — 4-15 $1.06% common 1-3-50 — com. 3-15 y 2-1-50 12 %C (quar.) 75C Extra * Extra $3 Blaw-Knox 1-10-50 75C 5-1-50 20c _*™*_™ (Philadelphia), 75C pfd. 4-1-50 $12%c . 62 l/2C ... 1-15 —_*** common Dock, $1.50 class A " (quar.) 2-15 10c ; — Birmingham Water Works, 6% pfd. (qnar.)_ Black Hills Power & Light, common (quar.)1 4.20% preferred (quar.) 5.40% preferred (quar.) ____™*_™ri IOC <quar.) Oil Canadian • 12-13 50c Carpet, (quar.) J, 10-20 12- 2-1-50 $1.50 Corp., common™*** (quar.) 10-31 11-15 11-15 1-1-50 40 $1.12 (quar.) Steel 50c Tirreg.). com. Leather, 6% prior 11-21 I2V2C $1.18% ___ Company— non-cum. American com. > ™ 1™, American Ice 6% ™. Co., (quar.)™ American Home Products 5c 12 V2C (quar,)™* (quar.) preferred American Hide (quar.) Electric preferred American $3 Co. ^™*™™.f*-, Gas 40c $1.25 75c fquar.)_ Socket & P'urniture American $2 Co. ;™.— 3 Louis)— ;,£™*_w*_™^***™*_»»™i**.**« ■•x Corp., 5%, pfd. (quar.)*, American Business Shares*™*™*****^*™***. v- 7% 11-10 preferred 4% 11-10 1 4c _***__™_**_*_**-**_*.***„*_*__*i Company 10-31 11-15 Canadian Western Natural Gas— . $25c Spinning Associates (J.) & Sons, Ltd., class A " Aluminium, V Ac (quar.)** preferred 11-15 33 %C Carrier; Corporation —___ Fine Bethlehem Canada, Ltd.— $6 27c2C ; $0.27937 * (accum.)*™ Central ' _***__*_, Co., common preferred (quar.)* Beneficial 11-22 (quar.) Howell 10-31 International Invest. 11-25 3-1-50 * preferred & 12-10 12- B preferred Canadian 11-15 Belgium Glove & Hosiery Co. of .Canada, Ltd. Common (quar.) '' 10-31 11-15 1 i25c, 1-3-50 Products, class A (quar.)** 1-3-50 convertible preferred tquar.) $$1.12% 11-15 12- 11-10 11-15 * & 11-28 4c Manufacturing,* 6% pfd. (quar.)—* Beck (A. S.) Shoe Corp., 43/4% pfd. (quar.) Belden Manufacturing Co Belding-Corticelli, Ltd., common (quar.) ■ 11-10 :: (reduced) (reduced) _™*;*_*_*_*_™_™_™* $$1 11-15 11-10 12- 62%c : 11-30 150C Co., Ltd., class A (quar.) 11-21 (quar.)* Foundry, Ltd., 11-30 12-1 •: 11-10 11-21 15c ;™-„™™*™**. 12-10 834c (year-end) Co. Food Canadian 12-16 25c : 11-10 11-21 (quar.)____™* common____**_* $1 12- I 11-21 ^Canadian Motor Lamp Co., Ltd. 11-18 ■ **„__. 11-10 31 (4c <quar.)_ A 5% 11-14 11-21 r;iT- ■: / 'v 12-30 4c preferred (quarj ,***— ;; Belding Heminway Co. (quar.)___***— • 8i»/4c:v (quar.)* ; Class 11-18 (quar,)™*-*™;™*™' 11-21 50C Central 7% 12-15 40c i'i; ;__™*:—__*™_**_-™™_™. 1 40c 12-15 12-15 Beacon 7 11-15 37V2C (quar.)..*™™™.™..™..™ 75c 1-20-50 Corp., common (quar.)— 12- 1 preferred .(quar.),*..™*w**^**:**™*.^:1.' -fv>: $1 ; 11-17 Mfg. Vt' Corp.— Extra I3%c 12-12 .#; 12-15 _«* Co. (quar.) Canada, Ltd of A Class 11-14 tlOc (quar.)* (quar.)**: Steel Ltd., 4% %; partic. ri 5 $12%C : 10-29 12* 37 %C Ltd.; $1.30 pref. (quar.) 75c .*_■___**—_**_™*_**_™**„_* (W. Bastian-Blesslng - : 12-12 :.";r $5c 11-9 11-15 37 %C (quar.)_____ 50C •■''v; ****».**— 7 %preferred ' (quar.) Barber-Ellis 7 11-10 Kid 12- '12-15 $1 11-10 11-10 1 ■ 10-28 1 50c 1 1 12-15 r. (quar.) (quar.) Fairbanks-Morse > 10-28 $i Porcelain Quarterly : 11-18 11-15 11- Investing 12-1 $2 12- $2.50 •* (quar.) Canadian Industrial Alcohol 11-15 *__™_***_*:„™*' Inc. Class Canadian I'? Bankers & Shippers Insurance Co. of N. Y.— 11-16 35c par) Alloy Cast Steel Co. (quar.) Alpha Portland Cement Co. Altes Brewing Co. (quar.) • 12-19 *; 1212- 62%C Dredge 11-15 11-10 Extra ,~A%> IV 12-19 12- » Co.— Canadian * (quar. )__*_._„* 11-10 $1.12% common Canadian 11-10 56 (4c America ll-lO 12-10 ' 11-10 , 11-21 11-25 Allis-Chalmers >'■. 1 " 12-15 11-15 International ■I. 11-28 12- Bankers Bond & Mortgage Guaranty Cc. of v,:- • America /:™**_.__™**_****-;*-i*****__-*»*'' 11-25 Allied ■ of 12-10 11-15 11-10 ;* - 20c (quar.) 12-15. 11-28 1 : •Baltimore Radio Show 50c Company 12-15 12-15 .12r12- 1 11- $15c 12-. 1 * 12-12 25c Gas Allied 12-15 50c - 11-- 1 50c Co. (quar.) Canadian Car & 12-1 $1.50 Ltd.™ *™ *. Service, Ltd., common •___._ .™*_™___*_*_**' 1 12-1 HOC A ;Canadian (quar.)™™*„_* 12- $1 ' $$1.12 Va 7 12-15 40c Foils, Class Canadian 11- 2 25c - Allied 1 $3.99 11-16 - Allied 11- 30c I-3-50 150c (quar.)™*™™ preferred ($25 par) (quar.) Albany & Vermont RR., (s-a)* Allied Finance Co., com. (increased s-a)__ 5% preferred (quar./ ... 12- $1.75 common.., 87 %C ; ; 11-15 $3.42 Mines, Badger Paper Mills_ Balcrank, Inc -■ v . Co., ll-'l' 11- Canada Safeway, Ltd.,(4%%- pfd. (quar.)™* ; Canadian Bakeries, Ltd. (extra)— : Canadian Breweries, Ltd.; (quar.) ___——__* 12-12 12-15 40c $1.25 + Shoe Stores™—-—™—Corp. (increased)*^™— Radio Airline Foods RR. 1 1 & ...Canada 11-30 12t29 ;r 11-10" 1212- ' •12-15 50c 11-25 1 7 7 93 %c 25C paitic. preference (quar.) 5% preferred {quar.)*.™™.——™__™ Acme Glove Works, Ltd., $1 pfd. (s-a) " Acme Steel Co. (reduced) Acme. Wire Company™ —?. Admiral Corporation (stock dividend Agnew 11- preferred Canada Cement Co., 11-7 <• 125c A Aircraft 12-15 15C (quar.) preferred ■Balfour ;.:>y & MortgageClass A (year-end) Acadia-Atlantic Sugar Refineries, Ltd.— Class . 1 11- II-15 11-14 2 37 %C Burlington County Ry. (s-a) Campbell Wyant & Cannon Foundi7______™ Avondale $4.50 8 20c 125c Paper Co.; Ltd.™™:-*™w™.:;: 150c Abstract 12- 1 (quar.) Mills, -' Common (monthly) -vCommon (monthly) (w.™*™_-™***-** -fCoiBmon '(monthly )v 'i i-Common (monthly) f -Common (monthly) Common (monthly) Payable of Rec. 25c , :. & 'Camden 1 $1.50 (quar.) (year-end) (quar.) ' T. 10-31 12 1 preferred Co. Corp. Electric Class : t of Company Line Powder Tack Aunor 2-20 25c 6% Atlas Atlas 1-19 25c *___,— Refining Company 11-19 12-19 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. J A. preferred 1 Atlas Imperial Diesel Engine Co.— 4%% series A preferred (quar.) we A. (Preferred 5.30 7o 25c (Conn.)™* Coast Automatic Abitibi Power 5.28% 12- * Atlantic 11-10 ■ Name 4.40(4 ^ '• RR Atlantic * Monthly;:-^iy--j-^Z^™i™-*-w:-™-^i™vy.;:v C" Below Point 11-15' 12- 87 %C (quar.) Service 10-31 $2 Atlantic Coast Line Co. . 25c 12-1 • ' 50c 12- 1 y.™^™w_C™™-^--™™--l.-^25c .";; 1- 3 2« 'X: Monihly 'Atlanta Water 11-15 Extra 11-22 5% 11-10 12- ***»-*-_*-». 1 11-23 30c Packing Corp., preferred (quar.) 1 Refining Co.— com. 12> > $1 _ Power 12-1 $1 preferred (accum.) preferred (accunt.) 1st preferred 12-15 12- Atchison, Topeka & Santa Fe Ry. Co.— Quarterly .:™*™.™™*™_,™**« v Wright-Hargreaves Mines, Ltd. (quar.) Wrigley (William, Jr.) Company (monthly). -Special J : . 1st 12- 62 %c (increased quar.)__ ..^-.»**™«: j/referred 4quar.)___. 11-15 40c ™____r__—_______ Electric .California , , v registered for each share held. (Subject to stockholders approval)—.—- v;X- 7% 11-10 20c conv. 11-18 12- 25c preferred Monthly:", w: 11-10 l>. 62 %c 2nd preferred (quar.) Associated Telephone & Telegraph Co.— 5 1 12• 27 %c 7% 11-17 nary ; 11- '' 12-15 — stock bonus. One additional share of Ordi- . ' —— (s-a) common; (quar.) Woodward Governor Co. (quar.) Woolworth (F. W.) & Co., Ltd.; 11-15 ; '* - , held— shares 12-1 1 15c (quar.)—.—__.._™ (stock dividend) ~ Co. each for (initial).— common & 12- prior 5% ' ** Associated Dry Goods Corp., 6% 1st preferred (quar.) 1 ' Western Oil 6 $50c (quar.) California 1-3-50 Power (quar.) 11-16 12-15 Natural preferred 1 $1.25 Steel ( Ashland • Western Maryland Railway Co.— 7% 1st preferred (accum.)—:—.__™__™; $4 12- 25c Co. (quar.) * Gas, 6% pfd. (quar.)™** Corp._____i^ Armstrong Cork Co., common (increased).** $3.75 preferred (quar,)*™___._„**. ^*_. ( 12- $1.25 — Co. pfd. (quar.) California $1.12% I 25C 5% 15c *_*__ 11-181 (quar.) Co. 15C • : (quar.) Arkansas-Missouri 12-19 75C common preferred 12-23 6 (4 c convertible preferred $2.50 Corp.— (quar.) Products Co Screw 12-10 12-10 y 11-21 $2 25c ; preferred conv. Wayne 5% Ltd., 12-1 12-19 25C * * (quar.) \ 12-15 50C 12-23 ; 50c common......;.: Corporation Corp., I1' 11- 20C (quar.)__— participating preferred Participating 2 $1 '<■ 11- 11-15 11-10 12- \ (quar.) II-15' II-15 Co._ $1.50 (quar.) Arizona Edison Co.,-common (quar.)____* $5 preferred (quar.)*„_*i_™ (Arizona Light & Power Co., com. (quar.) V ' ■; •$ 1.10 preferred (quar.)_*_-___™*_™__*^* 12- 1 12-10 ™™™*™i * ; 50c r— (quar.)™-™* preferred 1st Southern Raalte —— .". common non-cum. Utah ; (quar.h™.— 1-21 $15c : 11-15' 15c prior pfd. (accum.) California Cold Storage & Distributing Co.— $3 Co. 11-15 12-15 20c 1 (quar.) common 12-15 (quar.) 4%% 1 a5% Mills Corp. 12- 1-31-50 12-23 12-15 Extra Common __*__.•_ participating preferred partcipating *_ »,v ,' 12- 9 Extra 7% Eurton-Dixie 1 12- $1.50 11-15' $30c uncreased/— Machine 30c ' U S Rubber Co., U- Adding Butler Brothers, Products, Farms 75c (quar.) 1 I-13' 9 12-31 $7V2C —* —__*_—__** Manufacturing (F.) Burroughs Co.— (s-a) 933ic Fund. Gold 50c preferred conv. ;11-15 11-25 75c 1 12- 10c 11-* 4 12-15 (s-a) Equipment : 6% 11-30 60c & Co Corp., common preferred (quar.)_ 3%% 2nd preferred (quar.) 4% preferred (quar.) 9 75c 12- 1-31-50 15C 3(4% 11-21 common 11-10 ________—___ Burlington Mills 11-30 11- 1 90c (quar.)_l__™—,_*_,— Ltd. (year-end)—,— Dredging, Ltd.™™_—________ 25c II-23 32- 40c preferred prior Burkart 12-24 11-7 $1 50 50c (quar.)..: (quar.) common 11-15 4 $1 Co., $5 Co. Company, 11-30 (quar.)_____ preferred (s-a) Archer-Daniels-Midland Argus ; ; Budd Bulolo 6% 12- 1 ™™s 2 10% 3 1 —™*,——__ Line Pipe Bullock - I- 12- ________ 11- Foundries Cotton 12-15 Unlfeid Income Funds. 4 U 5 Gypsum Co., common Extra 12-2 1 12- Falls 11-25 6% pfd. (quar.) Telephone Co.— Class A (quar.) Anglo-Iranian Oil Co., Ltd. < (Ordinary) — 12-31 ___;.™™ Hill 11-15 ***__*™™i__*™_: *__ Post ____________—$1.25 (quar.)—._ Buck Anglo-Canadian Fund__™___.—..*4fc*v-;-90c Circuit, Corp. 12-24 ll-14k I-16 40c ._**_™** class E (quar.) 25c Co. "(quar.) Wheelabrator Metal, ( 'Anchor 12-20 12- 5 11-25-.*11-15 50c • 12- Ltd., Holder9 l $7%C A 12 %c (quar.) Tobacco 12- 5 - - Corp, Steel $3.53 Elastic Razor Mills, Class 30c Ship Building Co Initial 11-16 11- Bruck 4 12-24 $1.75 Y.) (N. dividend Ampco 11-28 12- 1 1 10-31 (quar.) 12- 93 %C —___» Company, common preferred Buckeye - Co. Smelting & Refining Co., Missouri— .■■<% -i,•. (quar.)__ (quar.) **____•_ American 1 11-15 .™__—__*™_™_* of Accumulated preferred United 12- 12-10 12-15 United Artists Theatre 5% 1 ™™;;»50c —— (initial) preferred United $1.25 $1.75 V *™™*__ ™_™*__™_™ 12-15 12-10 11-15 /E. L.) 334% Sanitary— American 11-19 25c ' 12-30 $1.25 (quar.)_ (quar.)___ 47 Payable of Rev. 40c 11-17 11- Bruce 11-19 12- - 25c American Water Works — pfd. 1 12-15 11-15 $1 American 11-19 12-1 (quar.) 2-20 30c American < Union -Electric $4 Stock 11-19 .™ (irreg.)-. Inc. Extra American ,l 11-19 27c Corp., common preferred (quar.) Uarco, • 11-15 $12%c 25c Fixture 5% % 1 3-1 30c Seating 12-23 11-21 25c Standard & American (quar.)——* common Co— 12- 11-21 1 $1.12% (quar.) preferred . Troy & Greenbush RR. Association Tung-Sol Lamp "Works, Inc.— Rubber "4- 1 ■ 1 12- 25c 7% , • 3-1 3- 1 ?50c 11-30 12- ' y 3-1 • 12-10 When Share (interim) common Brooklyn Union Gas Co *'. Brown Company, 5% preferred (accum.)____ Brown Shoe Co., common (increased/ ; $3,60 preferred iquar.)™™—*_*—.— 12-15 $1.12% Co.™ Safety 1 Transue & Williams Steel Forgings (year-end) Tyer Radiator 9 4-1 . __™ preferred Pulley American Common 3 25c Co.____ Lines, 5% American pfd. (quar.) (Canada), Ltd.— 4.32% preferred Co., Extra. 12- 12-15 I- Name of Company Bristol-Myers Co., 334% preferred 12-15 (bi-monthly) Re-Insurance 4- (quar.)—__™—™™_* Carson & President American > . (quar.) preferred Mining Taylor Co., •Ltd.— 3 3 3 Co.___™___ Co. American $31 Vic __ News American ^ 3-1 1- 1- 1- (quar.) Meter American 12-20 1 $31V'4C ™_*— __™__—*_*■ __ Stuart Thew 3 '' 150c Partic, Class 1- 4- preferred American 12- 8 11-23 150c * Materials, Ltd., Paving & Extra > 12-20 12- 5 preferred Foundry Per .A 11-15 20c Metal Co., Ltd., common.... preferred (quar.) preferred (quar.)__ 4% 'w 6% 5 & Holder• 1 28 >/8C American ' <• Machine 12- 31 %c _™*_™™„*__™_ (1955) Payable of Rec. 37 %c 31 y4c preferred (quar.) preferred (quar.) American When Share 4%% '' Paper— (quar.)™_™-™™™-~--™ States * of Company American Investment Co. of 111., com. (quar.) $1.25 convertible preferred A (quar.) 11-25 CHRONICLE Per Payable of Rec. 30c Fleet FINANCIAL Holdera 10c Extra Silver When COMMERCIAL* & 5% ((glial1:) f*_f convertible preferred (quar.)*. 10-23 50C 11-15 87 %C 12-31 12-1? 45C 12- 1 11-15 25c 12- 1 11-10 48 When Per Name of Columbia 37%c 35c 12- 2 12- 2 11-15 11-15 35c Columbia Gas System, Inc. (quar.)—18%c Columbia Pictures Corp., $4.25 pfd. (quar.) $1.06% Commonwealth International Corp —6c Class B ™™,™„™_„ Commonwealth Telephone $5 preferred 10-30 25c J^-15 40c 25c $1 *2-15 12-1 11-15 12- 1 11-15 4Oc J?-* 11-25 1} 1 5 ll'^l 10-28 (quar.)——' Consolidated Natural Gas Co. (s a) Consolidated Laundries Corp. ' 5% Mills, Ltd., com. (quar.) (s-a)———— preferred Water & Consolidated Consumers . Co.,,,,,,, Power Ltd.. Glass, —— ,«—137 /2C _ 50c Power Co., common (quar.)„_,_ preferred (quar., preferred (quar.)—,.——; Container Corporation of America, common, Consumers preferred 4% (quar.) preferred $3.75 preferred Cooksville I2" 1 12-15 12-15 H-21 11-25* Fairchild 1-3-50 12-15 Fajardo Company Products Wood Cornell Coro, , Corporate Investors, class A Corrugated Paper Box, Ltd,, 40c — ; (quar.)— com. preferred (quar.) Cosmos Imperial Mills, Ltd.—-. Coiirtaulds, Ltd.— :American deposit " receipts for 5% (Interim) —— Company, 3%% , * Creole Petroleum 0% ' (quar.) pieferred Cork Crown — ' Co., common \ ; 1 & Seal, Ltd. (quar.) Zellerbach Corp., common Crown $4.20 i preferred (quar.)-—. 2nd preferred (quar.)__ Nest Pass Coal Co., Ltd $4 ; 1- 3 11-29 12-15 11-15 40c 1-3-50 $1.05 12-1 $1 ' 12- 1 Crum & Crum & Forster Securities 7% preferred Cuban-American Cuban Atlantic preferred 8% Forster, (quar.),—„ Sugar t 4% Culver Corporation Cuneo Press, 3%% Curtis 50c Inc., (stock com. preferred (quar.) (Helene) Industries, Foote 12-16 convertible Curtis Ford —— 11- 5 11-15 11-15 11-1 12 %c $1.50 $17.50 75c 25c 12- 1 11-25 1-3-50 1-3-50 12-19 11-15 11- 4 12- 9 12- 9 11-30 •> 50c 12-18 12- 7 I $1.75 12- 1 11-16 12- 1 11-15 5% Manufacturing Co. ; Publishing Co., $7 pfd. (accum.) preferred (quar.) .... Curtlss-Wright Corp., common (quar.) prior $2 . class A Cushman's Dahlstrqm Da vies (quar.) Class B : 12- 1 >; Delnlte Mines, Dennison Mfg. 50c $3.50 35c 12-20 12- 1 (quar.), Union — Co. Yard (quar.) Detroit-Michigan Stove, 5% pfd. (quar.),.,. Diamond Ice & Coal. 5% pfd. (quar.)___— Diamond Match Extra 6% Company, preferred (participating) participating preferred (s-a) Construction, Ltd. (year-end) Dixie Cup Co., common (increased quar.) $2.50 class A (quar.) . iJ. (quar.) Dodge Dominion 5% & preferred Bridge Co., Ltd. 5% 4% ■>' 1 11-15 5% 11-19 .General $$1.25 f Ltd. General Common voting certificates trust Paint Douglas Aircraft Co. Dow Industries Chemical Stock $3.25 Dow 2nd Drug - preferred Co. (quar.) Drackett Company, "4% Dravo preferred (quar.)____ Dnpuis Freres, Ltd.- 4.80% pfd. Durham Hosiery Mills, class A. preferred : Manufacturing Edgewater Steel El Paso Natural Gas, Auto-Lite Boat 11-21 11-11 11-21 11-11 Y U-15 12-10 11-18 1 Street Ry.— • pfd. (accum.), Co 7%: Great Co. 11-25 12-28 11-15 50c $1.06y4 12-1 11-18 $1.06y4 12- 1 11-18 12-22 12-6 12- 9 ; / ■ V . 11-28 11-10^ 11-15 11- 11-15 Power Co, 11-4 1 Imperial Tobacco 5% Canada, of 11- 5 Indiana 11-15 11- 5 12- 9 11-18 25c 11-15 10-14 Water & Gas .* 4% % 1-3-50 12-20 J20c 11-15 5% preferred A Ingersoll-Rand 11-15 11-30 U-15 25c 11-30 12-13 ' 11-25 12-23 -Aviation 10-18 I0c< Steel Y, Institutional 10-18 $20c • Stock bond and V group Business t Machines Cigar Machinery International Cellucotton 12-12 U-22 12-12 11-22 12-31 11- 12- 1 U-15 $1 .42- 1 U-15 ,,.$1.. 12-15 $3.50 9 12-15 " 12-15 International 25c 12- 1 11-9 International $2.50 12- 1 U-21 Interstate <25c 12-15 11-25 lntertype 11-25 11-7 Iowa (quar.) 25c . Smelting & . >V";''' Iowa 'i, ,Y pfd, Co. U-15 1- 3 12-6 1- 3 12- 6 11-15 U- 1 Y (quar.) of Amer.— ■ 1 25c 93%c $2.25 J75c ,; v (irreg.), (quar.). 56X/4C!»(, <. "■ 12- v t $1', ,:$1.75; ; ■■; • (quar.) non-cum. 25c: • pfd. •••• Jaeger 12-21 10-28 Johnson 11-26 U-10 ,r 13c shares:____ shares 11-26 11-10 11-26 U-10 11-26 Extra 11-26 ,4 11-14* . 12-Y1 12-15 12-15 .12- 1 12- 1 • 12-1 30c -12-Y1 J7c 12-15 ; V 35c, ,11-15 —— 12- 1 11-15 U-15 U-15 U-10 U-18 10-28 12-10 "11-25 30c. .... (resumed) 12- 9 Y-ll-21 37%c —- v^ $1.25 11-26 u-10 , ... Jones Corp, •+' U-15 10-25 12-12' 12-12 Y 11-28 20c . - *• 12-^1 • 11-25 S% 30c ■ :_™ <extra) Jones Estate dividend), Y " - . — Laughlin Steel Corp.— preferred (quar.)—'r ; ., (increased),,,,,— & ' "20c.Y — # 20c 25c ll-'28 1-3-50 12-31 11-17" ! ; — U-28 " - 12-. 5 11- 5 ./•" *. u-10 11-26 (stock dividend--,,-,, cash -4 com. Oil Refining, Common u-io g%c 2%c shares Industrial, machinery shares____ Institutional bond shares. 11--7 12-20 12- 1 12- 1 Y 11-10 • (quar.) Common ,(quar_) 11-10 14c 30c 12-15 12-15 11-.5 12- T U-17 '; ..<41%c Corp. Johnson, Quarterly Johnson - U-10 11-26 3c : 6c shares & Extra t Gc t 25c y common 4 Water Supply Co- U-10 11-26 . U-10 H-26 7c u____ • U-21 i3C - $1 50c Jantzen; Knitting Mills, Inc.—-; .5% preferred A;(quar,)u,- r-**" ioc Gas 10-31 12-. 1 25c Machine Co.- Jamaica , shares,,.,-, (quar.) Inc.-,,,— Co, ! U-10 1 11-15 '• $1 . --'4,.•• $1.50 Fireman Jacksonville U-10 12- Utilities preferred . 25c4 ? ■ Mfg. Co. .(quar.) Island Mountain Mines, Ltd _ 12- 1 . 25c (quar.) (increased) Service Co, (quar.)_„_^_,__i.,-il Southern 5V2% Iron ; 12-31 $1.75 (resumed)_, Corp. Y r (Conn.)— Gas, 1-.5 . Y 12-20 12-'.8 1- 3 12-19 >; 35c 1-16-50p 40c 1-16-50 1 (quar.) Corp; Public . , 30ccom. Corp. Co. Utilities Natural • Y 11-30 Publishing Co.— Corp. Products Silver (s-a)____ share bond Mining Y-12-10 50c $1.25 (quar.)_____,_ International . class Railway .Co, Administered preferred 1-25-50 r (accum.) Harvester Co, International 12-1 .. 5% . Special .7% . U-15 $1 , • — Educational preferred _ , w International 11-15 $1.25 Co quarterly International 11-1 25c (reduced) _L_ : Co._,____—, Products— Special; 12-12 11-16 11-15 ■ U-15 10-31 10-31 12-10 Y U-22 20c Y International U-19 Increased 12-10 U-. 7 . 11-21 11-25 $1 U-15 ;; 12-10 ; Corp.— dividend Stock 50c 25C: 25c , 1 $1 ; : 11-15 U-15 11-10 - , 1 . 15c A 1-3-50 12- J. 12- 1 , 12- .,„•' ' 1-3-50 $1.25 -•-.•'$2 Quarterly; ,, 10- 3 Y": Y , $1.06'/4 — Shares, Ltd,— International • 12-30 12- 1 12- 1 Y', ' 12- 8 —,. Co.___" group ' - 30c 20c ' Co. sl2- t2c 37Vac (quar.)_, . 10-25 j XllVzC (quar.) (quar.) B (quar.) (quar.) preferred • , Y Inland common » Indianapolis Water,:class A > (quar.) Ltd.— U-22 11-21 ' 1 - — 11-15 • , \ 3% Co. 11-15 U-15 12-15 45c j (interim) -Ordinary 25c $1.25 37%c (interim) Ordinary ' (quar.) 11-15 .rllA 1 Url5 Y 11- 5 12r30 • 12-20 12- 1 U-18 ... (quar.) com. 25c Extra Fully ■ (quar.) Peanut Co. 25c r pfd. 56%c 12-31;; 12-20 11-30 12%c Y, 11-30 Co.— Imperial Chemical Industries, Ltd.— U-19 37%c( pfd. common shares General 11-30 12-10 50cV Electrical Equipment Food shares . 'i 12-30 35c 12-10 Y. U-10 dividend ! -Stock Idaho 12-20 : Yv 12-31 jv 12-20 (quar.) ;; < 12-30 30c $1.50 12%c — preferred :(quar.) (Tom) 12-28 12-28 12-20 —; 11- 4 U-10* V Co;,. • 12-16 12- 1 — — : 10-25* 11-15 $1.50 shares Chemical - 11-15 12-27 , (quar.) $2.25 Huston Refrigerator . U-15 12-22 11-15 11-2 12- 2 12- 2 1"2- 8 U-15 10-29 U-15 ',10-29 • Y ' Y .7-$1.25 12- 1 11-10 55c 12-10 U-19 37%c 12- 1 11-10 $1.06»/4 ; 12- 1 > .'11-10 t$l 12-19 11-18 25c 12-1 11-5 25c 12-1 * 11- 5 Huttig Sash & Door Co, 5% pfd. (quar.);Hydraulic Press Mfg, 6% pfd. (quar.) Hytron Radio & Electronics Corp.— $1.25 84%c 'i- (quar.) Aviation , U-10 25c (quar.) preferred Building 11-18 U-10 1-1-50 , Refining & 10c' Dredge ,& Dock Co. •Automobile 11-18 11-" 1 11-25 $1.75 (quar.)_ •Group Securities, Inc.— 12- 9 ; 12-1 11-15 11-25 $1* Oil Hussmanu 11-14 • 11- 9 (quar.),,25c (quar.)__, Co 5% Northern 12-1 1-2-50 12-15 ,11-29 >82l/2C $1.50 Humphreys Mfg. Co, common... yyry 6%* preferred (quar.),. — Hunt Foods, Inc., 5% preference 5% preference A (quar.) 1-5 1 (quar.) common 37V2c (quar.),," preferred 10-24 Subject to the approval of the SEC., 12- ~ Great Atlantic & Pacific Tea Common * 11-21 Electric Bond &Share Co. (stock dividend)— 1/35 of a share of Middle South Utilities, Inc. common stock for each share held. 12-16 $1.75 7%c Y 11-22 1- 3 /_• Grayson-Robinson Stores, $1.25 25c 12-13 o Corp. 4%%* preferred (quar.)l Bay Mining & Smelting, Ltd Hudson Motof'Car Co. (quar.) Y ? Special X—_1 ; j—1 »Y Humble $2.50 $1.75 t common Ltd, 47o Co. W.) Great Lakes 11-25 8 12-29 ( 2-1-50 > & 12- 1 75c Co.,,— Goods (H. Inc.. 12-15 30c 12- 75c Stores 11-18 U-19 11-19 11- 1 . , preferred (quar.) Lighting & Power Co.—— Hudson } K $1.06V* 7%c Manufacturing $1.50 $1.02% 1 ' U-28 -11-30 12-1 12- 1 11-15 $1.12'/2 — common— ' Yv:<" 1 $3 Goodyear Tire & Rubber, $5 preferred (quar.)_J Agricultural (quar.),.,.,, 11- 25c Company, Ltd, Grand Union Co.v (quar.) Granby Consolidated Mining, Power Co, Ltd, common Grant (W. T.) Co, common h 3%% preferred (quar.) 1 • - 11- 5 11-15 Corp preferred Grafton 1 12- 15c common Co. Rubber 50c $5 Co Xly"& Walker Dry 1 Humor Graflex, 11-10 11- 11-15 — Gossard ■ 11-10 12- 1 $1.50 .440% preferred (quar. ;4%% preferred (quar. $4.25 2nd preferred (initial quar.) Electric 10-31 ■ iquar.i__.,^__^____ Eaton Electric 11-15 $1.75 Eastern!Sugar Associates, V 11-21 45c ______ 25c ?56'/40 Brick State Co, Gorham 12-21 12-12 t30c ; 4 '12- 9 -11-18 30c $4 11-7 1-3-50 50c 25c v; Good 11- 7 11- 12-20 11-15 11- 2 10-25 10-25 12-15 12-10 12- 1 ; Houston i5c Brewing Extra Golden 11-19 : 30c ,> (quar.) Company. 6% Goodall-Sanford, Inc., 11-15 11-14 12- 5% ; Howard ^ ' Ltd.-. (s-a C.) 3 $2 (quar.),, prefened A Shale Co., (H. 1- 50c Water— . 12-20 11-15 7% preferred (quar. Eastern Massachusetts r 11-15 1- "3 50c East St. Louis «fc Interurhan : Goebel 2 Oil Goodall Class B 8% 11- 11-15 (quar.)_„- Dwight Manufacturing Co. (irreg. Eagle Picher Company (quar.)™, ' Godman 12-1 35c 12-1 Corp. (quar.) Co., 5% preferred (s-a) A.) 3 " : t$l Horn 11-16 (accum.) 1- ________ 6% Globe 11- 2 10c common...... 11-16 11-1 (quarj___ 1-16-50 ^__ (quar.) 4% pref. (quar.) i_ Drewry's Ltd. (U. S. A.) (increased) Dun & Bradstreet, Inc. (quar.) .____!,___Yy " Glen-Gery 11-15 —25c (quar.), common A Corporation, 10-14 1 5 1 12- 1 ' 1 12- 12- $1 1, common (George A.) & Company, preferred (quar.),'.^ & Hardart Co. (N. Y.)— 6% > Extra (S. -preferred "(quar.)__——ir 1 11-15 (s-a) Wares, Ltd., Gerity-Michigan 11-23 15c ' U-15 ( (quar.) Corp., $1 pfd. 1-16-50 1 ™_. 1 (s-a), 81 %c 1-16-50 __ 12- 50c ' (year-end), com. preferred $1 -™__™-_ U-15 " 2%% . (quar.) 12-1 Hormel . — 14-18 s 12-16* - ' " General 40c 1-16-50 1 10c .1- 3 11-23 $15c . 1 11- Public 12- $1.50 11- 11-15 11-15 ■ii/l..- : / ' - 12-15 Y' 11-15 .11-15 U-15, —— 11-14 11- 1-6 1-3-50 (quar.), com, . 1 5c 8c Precision 1 'Z-y: 30c (quar.) Co. ' $1;] 11-15 Increased 11-15 125c $1.25 11-11- $1.25 Corp. General '1-3 $$1.12% — 11-15 11- ^ . 2-1-50 12- Glass Mining Co.™—25c Powder Co, 5% preferred (quar.), $1.25 Hercules — 11-15 (quar.), 11-18 1-3-50 common dividend $4 preferred A - (quar.) common 12-15 2-1-50 12-9 12- 1 56y4c ,«r—; Equipment Corp Utilities Corp.— quarterly ; General Steel Castings Corp.— 125c (quar.) Co., 11-11 r,;/ 11-15 125c (quar.), _! Dover 11-11 12- 9 . " ■■■ U-10 12- 1 - Co.— ,'Y 11-15 :Gerrard (quar.) Extra 12- 9" ,4 j 1 vii,, — 1 Ltd.— 4%% convertible preferred Donohue Brothers, Ltd.,,, 11-11 11-25 ■■/ r. Y-; i Y; ■. Y 75c U-15 - 10-26 Y 251 U-25, U-15* $1.25 > 11- 1 / 10-20 ' 37%c 1— : Y,. $l Hewitt-Robfns, Inc. (quar.)—— ( 25c Heywood-Wakefield Co, common—— Y> Y? 50c 5% preferred B (quar.)——!—— 32c Hilton Hotels Corp, common (quar.) —;■ 25c ..v4% conv. pref.' (quar.),. ',*•/ 50c Hines tEdward) Lumber Co. (extra) Y $1 Y Hires (Charles E.) & company— Y Increased quarterly ; . - 25c Holt (Henry) & Company, 5% pfd. (s-a)— 25c Home Oil Co, Ltd.,— J25c Hooker Electrochemical Co, com. (quar.)—, Y " 30c $4.25 preferred (quar.) $1.06V* $4.50 preferred A (quar.) $1.12% y, Hoover. Company, common (quar.) Y> 25c 11-24 12- 9 Inc.— Corp., preferred Steel • 25c . Utilities Co.— Y Hershey Chocolate Corp.', $4 conv. pref, (quar.) 11-19 1 i $25c I-,.j 125c / i25c (quar.), preferred " ! Y i:: 12- 1 1-20 $1.50 Y. . 11-15 U-15 U-15 • • 25c ;;f — 1 $6 Heel a U-19 1 12- 10c Transportation— A General : Co., 1 12- 25c 12'/2c 12- 125c (quar.) Paper 12- 25c 12- $20c $62%c4 $37%c Dominion Tar & Chemical Co., Ltd.— Common (quar.) $1 preferred 11-12 (quar.) Co., 7% Phoenix $1.50 (quar.) Co. preferred C ' Donnacona 12- 1 Mills, General . — Bakeries^ Inc. (quar.) Electric & Hazel-Atlas i - Fund, Inc.— (quar. preferred 10-31 Co.— 1st preferred (accum.)™—. — ? Hawaiian Pineapple Co, Ltd—! : 1 Hays Corporation; 5% preferred (quar.)— 1 Industries 11-15 12-1 11-25 t30c (quar.) (quar.) 6% 1 11- 'Y I 11-15 Inc., 3%% pfd. (quar.) General Outdoor Advertising Co., common 6% preferred (quar.) 11-1 pfd. Y U-15 • — Hathaway Havana 12-1 Fireproofing Co., 7% pfd. (quar.), / Foods Corp., common (quar.) Co., common General 11-26 20c (resumed) Finance .General 12-10 11- (quar.), preferred 11-15 11*26 12- (quar.),,, Fireproofing Co., General 12-10 11-15 (quar.) conv. $4.25 Company, A.) . Y- 12-20 (quar.) - preferred 1 11-15 1 & preferred 4% (M. ' & Cigar, 12- 1 * 25c Y: 12- 1 $1.06% 12- 1 Y Y ' I—— i U-15 12- 1 ~ 3.90% 11-20 12-15 (quar.) series Simon 25c '/ 50c .'i (quar.)_i • 12- 1 preferred (initial quar.),.,,; (Y 483/4c 12- 1 U-15 Empire Co.—______—_— 35c 11-15 11—1 Hat Corp.: of America (stock dividend)— 'Y,;YY-;YY^^Y':Yfv^.;Y:^^; Y One share for each five held 20% 11-29 11-10 - 12- 1 $1.12% (quar.), pfd. , Hartford : $2.50 B Works Co. Custodian 5% Ltd.— (accum.) Stores, 4%% 12-15 $1.12% $1.06% Hartford Electric Light— • • 11-19 $1 Canada, Ltd., class A_„_ American ^General rv *.-,. , t25c Common 11-30 12- 5 12-10 • 12- 1 , $1.22'/2 , General •< < _______ 12- 5 • $1 Company, 6% pfd. (quar.),, 'Gamewell Company (quar;),,: rGar Wood Industries. 4%% pfd. (quar.) $4.25 U-15 50c * (Robert) General U-15* 11-15 1 30c (quar.) Company of Canada, Ltd.— preferred (quar.)___ Gair Investments, Ltd.— preference Dominion Galr ; - 1 1 12- 50c, preferred (quar.),, Steel Company 11-14 11-10 10-31 12- 15c Dominion Electrohome Industries, Ltd.— Initial Dominion-Scottish 4% 11-10 2-'6 12- 12- . , California—, v;.Y.Y_v.,--'Y v'..u" / 50c Common (reduced) 6% preferred (quar.) , 12-10 1- 3 1- 3 11-10 U-25 11-25 11-18 12-14 12-14 - B Extra 12-5 25c (quar.) t— Harbison-Walker Refractories Y 11-15* .12- $1.50 Gabriel 12- 1 3-1-50 1- 3 12-20 1-3-50 12- 1 - Investment Corp., (quar.),,,,, Dominion ; common ;iFruehauf Trailer Co., General 50c 75c 5 1 12- « 12-20 12-20 12- i .12-15 50c Extra . /Class Hanna 2 j, ; preferred 11-10 15c Anglo 7% 7% $50c 37Vic 62'/2c 15c 1212- j ^French (Fred F.) Investing 11-1Q _" ^ (reduced) Corp. (v 1 preferred 11-i Company Mfg. . (quar.) Frefeport Sulphur Co. (increased quar.) 9-30 10-24 10-24 10c Pepper 4»/2% 12- I 12- 1 Extra Dr. 11-30 11-15 11-15 12- 1 11-15 12-15 1-3-50 .. 11- 1 U-15 11*15 11-15 11- 4 12- 1 U-15 iquar.),, A ; 122%c 25c $1 — Co,. common 12- 8 3-10 6-12 , 1?-. 1 12_ 1 12- 1 . 10c 37%c (quar.). (quar.)—________ of Co. . ' of Co. 1 5 Oil Class . . $1 25c $1.25 ■ Hancock 1 125c 85c 50c 25c Y. — —— 11-26 Ltd. (quar.)_— (quar.), Paper preferred preferred 4 '/4 % ... 11-29 50c / series $1.25 partic. 6% •S U-15 $1.12'/2 25c class Kleiser Income Bond 11- 3 50c Inc. 12- pfd. (quar.), (s-a) Brothers 37%c (quar.) common , Houses, ;V,Y 4V?c/o Light, Bridge & .Franklin 12-15 50c Disher Steel Dobbs 10-17 ; Pitt Franklin 11-25 11-21 1-3-50 $2c 25c 25c 60c , L_— ciass A common Stock 12- 1 35c ' $1 ■ Voting common 'Denver 12- 1 25c —- ; (resumed) Ltd. 11-15 Extra ; Fownes 12- 5 11-10 11-10 V:- (s-a)_— Co., ? (quar.) & Wallace, Motor Fort 11-1 Oil Corp.,, Railroad & preferred Foster 11- 1 12-1 tic ' Company, common (year-end) preferred (quar.) Deerfield Glassine Co. (initial)__ Derby Gas & Electric 10-21 (quar.)J,,. preferred Class B 11-14 12- 1 $17%c (quar.) & Delaware - $37 %c ,v„_. Ltd., class A Co., 7% Y 40c , , Rock Deere (quar.)— Ltd..,: Petroleums, Davis Leather 'Deep { pfd. Sons, Inc., 7% Metallic Door 11- 11-15 Extra (quar.).,.— A Curtis $4 ; Inc.— preferred 11-15 i Power Forbes dividend)— 50c Corp. (year-end) $2 preferred (s-a) Mineral Co., 12-19 1-3-50 11-15 (s-a) 12- (qua^.)_______, preferred 1-3-50 25c ' . —T 9 (s-a)—$1.25 (increased s-a) 30c Power Corp., common Florida 11-15 •' 9 Philadelphia preferred 4% Ve v 12- .; Year-end preferred 11-29 ? : 12- Ltd., '*> 6% 1st preferred (quar.) 'Fllntkote Co., common (quar.) $4 4% Hammermlll 12-10 12-15 Fitz Simmons & Connell Dredge & Dock Co.— Florida Watch 15c Corp., ; 11-10 U-10 11-10 ."U-10 11*10 8c 11-26 $1.25 12-28 $1.25 3-30-50 $1.25 6-30-50 ~ — Co.i Ltd Company, common Cotton 25c 40c (quar.) California (extra) (Newark) Well Oil Extra 11-10 3 Co Cementing Lamp M.) Hamilton 11-10 1- $0.185625 (quar.) of (C. Hamilton Quarterly.— '.Fitzsimmons Stores, $1.25 10c 2% 87%c (irreg.) Co. Sugar Co.— preferred (quar.) 5% U-15 4 • - U-15 1 Carpet Co., common preferred (quar.), 5% 12-13 11-14 11-14 11- 8 12-17 11-30 1 Works Springfield 4.90% $1.75 12- 12- U-15 11-10 11*10 U-10 r H-26 /r — 11-10 11-26 —;» Halliburton irishman (M. H.) Company (quar.),,—25c Extra 12y2c; Corp.— <quar.)..___ Hall 11-17 (quar.) Corp. of York Firth 12-24 11-9* 11-22* 10-15 12- 2 12-30 $$2 $2 11-10 5 — Screw Co. First 11-18 $1.50 25c 50c 150c "Crow's preferred Firemens Insurance f (quar.)-.". (quar.)— 1 1 12- ' . (quar.),* Lime & Alabastine of Canada. 12- 7c 8c .--Y '8c'., 5c .-r- —,—,— Quarterly 12- 11-28 ^ Y; Hackensack Water Co. (s-a) Hajoca Corporation — :Y Hale Brothers Stores. Inc. (quar.)__+ $1 11-28 4c — Utilities shares _4 Gujf, Mobile & Ohio RR, $5 pfd. $5 preferred (quar.)—,— Y y; $5 preferred (quar.)_„_— 5 25c /■■■. -r- . 50c (increased)— Airplane 11-10 11-10 — . 35c Co Ccrp.— (initial quar.) Association First 12- 10c common Filtrol 11- 4 12- 1 12- 9 12-15 Co Extra 11-15 '! 11- 1 3c . & Brewing Federal ( 12-15 12-15 12y2c U-10 U-26 11-26 U-26 . - shares,—* "•j-:."'.:; Tobacco shares 11-15 1 11-26 —■ equipment shares stock shares Railroad 11-30 12- shares bond Gypsum 12-10 11-10 U-10 - 11-26 U-26 11-26 Steel shares 11*15 11-26 11-26 ' 8c 2c 7c - z Railroad . ; ,: 85c Firestone Tire & Rubber, 75c; v & Federal-Mogul Fire 1 Extra ' 2 $1.25 4c 10c 11-26 — Railroad . 12- • ; , —.——10c shares 50c Morse Sugar 4Va'lo .. 2% % 93%c ; 12-1 Extra ordinary preferred Corp preferred $2 120c Co. 'Crown Cork & Seal New 11-17 10-29 11-11 11-11 10-31 —- (resumed) Crompton & Knowles Loom Works—1 Brewing 11-30 11-15 12- 1 12- 1 11-15 —— Crane Croft 11-15 25c 8'/2C 137'/2c $$1.25 12-12 75c tax— Engine Falstaff 12-15 11-15 11-10 11- 7 20c 11-10 1-3-50 ———, Extra 11-10 1-3-50 12-1 (quar.)_;_.— (increased quar.)__, (quar.) Inc. 12-1 $113 $15c . 12-31 1-10-50 10c < — —50c Fairbanks J}"28* 31 %c — 1-31-50 7%c Co., $5 pfd. A (quar.) Ero Manufacturing Co. (quar.)_„ Faber, Coe & Gregg (quar.) , Ltd., Copper Range state vania 93%c (quar.)__„ Co., 4 % % preferred class A (quar.) Gin Co., / 50c (quar.) & Steel Industries— 10-31 . , 4c Petroleum r : 12-31 $1 price shares.™, —— company shares___._~—j Holder» ■ Payable of Rec. , Extra Extra 10-31 11-15 / • Mining 10-31 1-25-50 (Continued). Merchandising shares 10-31 11-15 50c Erie Railroad $1 25c ,————— Copper Continental ; q 12- 9 11- 4 — Continental 5% 11" 4 1-3-50 11-21 11-15 11-15 • / V guaranteed— Payment after deduction of 2J/2c Pennsyl- $1-13 75c Continental Can Co., common (quar.)____— Extra $3 conv. preferred (quar.) 'rErle & Pittsburgh RR. Co., 7% 11- 3 —\l~ $4.50 $4.52 ' ? ; *50c Corp. (quar.), Derrick & Equipment Co.— preferred (quar.)___, — Enamel & Heating Products, Ltd. Equity Corporation common (irreg.) 20c preferred (s-a) .4% li-io 10-31 25c ' 1— Emsco * U-15 11-15 Low : When Share ,, Investing 11-18 1 20c 37%c ______— (quar.),, 1 12- $1 $1.25 25c , ' (quar.) prior preferred ji 12- Company Group Securities, Inc. 11-15 11-15 12-15 11-29 11-29 1-3-50 .. Employers Reinsurance 1®-J» tl5c *50c ———— 'V ■■■!' B preferred $1.50 J, 11-10 Y.) <N. Co. Consolidated Textile 80c lWj> (quar.),—\ Co. Edison Class 11-15 11-15 — Per' Name of Payable of Rec. 25c 25c 50c Empire District Electric, 5% pfd. (quar.),, Employees Credit Corp., class A__ II-l 12-1 B preferred (quar.),____ Empire & Bay State Telephone— 4% guaranteed (quar.) 11- 1 75c 7% Power Consolidated Class (quar.) Co., class A (quar,)_____,;— Drug Monday, November 14, 1949 H older $ When Share of .Company 8Vo 10-20 $1.25 preferred (accum.) Conestoga Transportation (s-a)-——Connecticut Emerson 11-18 11-18 11-15 CHRONICLE Per Name Co.— (quar.f__Y._ Concord Gas Co., FINANCIAL & Holder$ Payable of Mee. 12- 1 U-15 8hare Company Milling & Elevator Co, (quar.)__ Broadcasting, class A_ Colorado COMMERCIAL THE (1956) 11-26 lOc 16c 9c , u-10 11-26 u-10 rJoplin Water Works, W K U-10 11-26 5% .* •- Battery Common 6%. pfd. (quar.) Co,- common -(quar.)i.—_—- Exura $1.25 1-3-50 $1.50 11-15 11--1 -5c_~:U-15 U* 7 50c (quar.) 12- 2 11-15 .^11-7 5c 2-15*50 "2-7 THfi COMMERCIAL & FINANCIAL CHRONICLE Volume' 170"- Number-4855 When Per Name of Company - Kansas ' . Power .& Light-Co»-** ,3.80 preferred, (quar.j .4% preferred (quar,).:— Kawneer Cbrapany <quar.->__v_—— Holder• ■Extra —i —: ; — Kent's - Restaurant & Bakery-— 12- 1 12- l 12-22 $1 25c 30c - 11-15 12-22 95c . —- 12-9 l'/o 133Ac 75c 11-15 12- 5 $1 12- 5 25c 118c Keyes Fibre* 6% prior preferred (quar,) $1.50 $6 preferred (accum.)—--—$3.50 Keystone Custodian Funds- 12-15 12-29 1-3-50 12- 1 ——43c 11-15 12- 1 12-15 preferred., (quar.) Kern County Land Co. (quar.) •"Extra. -i— '• : : — - Kayser (Julius) & Co. (quar.)— Kerr Addison Gold Mines, Ltd. — S-2 Series 1-2-50 4-1-50 12c 37 Vic 5uc 11-20. 11-30 12-12 Kresgc (S. S.) Company (quar.; - 12-12 50c $1.12 »/2 12- 1 12-28 12- 1 12- 1 , . Extra Kress (S. H.) & Company (quar.) Kroehler Mfg. Co., 4ft % pfd, A (quar.)— $1.10 J.. 6 V preferred (quar.)——_______— Kysor Heater Co.,—: La France Industries, common —-— convertible-preferred-(quar.) _________ Lake of the Woods Milling Co., Ltd.— , $1.25 (quar.)—__ 25c (reduced) 15c 30c 12-15 convertible 2nd preferred Session Lamson Company, preferred $2.50 (quar.) __ common 12-23 11- 5 11-15 25c ' ■ • ExtraT . Lane^Bryarit,Inc. 50c ; 25c Lane-Wclis,AC6mpany (year-end)80c Langley^s; Ltd., 7%,< preferred-<accum.) ____ $$1 Lansing Company (quar;) i——-/—_______ .30c Lansing Stamping Co. (quar.) 5c Lanston Monotype Machine-Co. Iquar.)_____ 50c Laura Secord, see Seeord (LauTa) Candy Shops - '■ Lea Fabrics Inc. (New Jersey >—_i———_ - 37 Vic ; Lees (James)• <!:'Sons Co.-(quar.).— 35c Lehigh Coal & Navigation (resumed) —-50c Lehigh Portland Cement -co. (quar.;——— 50c Leitch Gold: Mines, Ltd. (quar.).. $2c Leslie Salt Co. (quar.)_ .... 40c Llbby, McNeill & IJbby (s-a).—— 25c Life Savers Corp. (year-end)—....——_ $1 Liggett.&, Myers Tobacco (quar.) $1 (quar.) .v.--.——.— Extra ... UU5 11-23 12- l 12-15 12-1 11-15 12- 2 11-30 11.-15 11-,1 , 60c 11-30 11-10 37Vic 25c 87ftc ; . Co. (quar.) Liquid Cafbonic Corp., common 3ft% preferred (quar,)——_ 12-15 12-1 12- 1 11-30* 11-15 11-15 (quar.)— ——- 65c $1 15c 11- 3 11-10 Ohio 12-15 11-15 11-15 11-15 11-15 1-3 12-16 25c $1.25 12-1 12- 1 Co. 34?4c 50c $1 . 11-15 11-15 Extra, ——— Extra lc V $1.10 12-10 $1.10 3-10-50 60c 12-10 60o 3-10-50 Original, capital —...— ; CMginal capital ..... —_____ Special guaranteed (quar.) — Special guaranteed (quar.) * Loblaw Groceterias, Inc. - (quar.)___—20c Loblaw Groceterias Co., Ltd., class A (quar.) $25c 11-24 2-21 11-24 2-21 12- 1 12- 1 11- 2 $12ftc 12-1 11-2 $25e 12-1 11-2 Nashville tl2y2c 12-1 11-2 National $4 11-30 11-19 12-31 12-21 $1 87Vic 1-3-50 12-16 12-23 11-21 $1 12-16 11-21 $2 $1.25 12- 1 12- 1 11-10 11- 2 —62Vic 12-20 3-20 11- 1 11.- 1 11- 5 Extra Class B (quar.) Extra Lock — — ..... . Joint Pipe Common —_ ... Co., common——... — _______ ; 8% preferred (quar.)—. _____—.... Lone. Star Cement'Corp. (quar.)—_________ Year-end • ... Long-Bell Lumber Class< A (Md.)— (accum.) Long Bell Lumber 11-11 (irreg.) Lorain Coal & Dock 5% preferred preferred ...... 02ftc 88c 50c Lucky Stores, Inc. (quar.)__!__L_______—— 12Vic 1-1-50 4-1-50 12-12 11-15 11-15 $1.75 11-15 10-21 10c 40c 20c 14c 12Vic lOVic i 15c 11-18 1-3-50 11-15 11-15 11-15 11-15 11-21 11-7 12-15 12-15 10c 4-14-50 11-12 4- 3 12-15 11-25 11-30 ,11-30 Ilrl5 11- 5 12-15 1-3-50 11-19 11-19 11-15 12- 5 11-10 5% (quar.) (quar.).... Louisville & Nashville RR. Lowenstein (M.) & Sons (quar.) Lukens, Steel — (quar.). Lumbermen's Insurance Co. (Phila.) (s-a)— Co. (quar.) Lykens Valley RR. & Coal (s-a) —.... Lynch Corporation Lyons Finance Service, 50c class A (quar.). 50c conv. preferred (quar.)___—. — — 42c preferred (quar.)..—....—________ (reduced quar.).. Macassa Mines, Ltd. (resumed)...—. MacKinnie Oil & Drilling, common MacKinnon Structural Steel Co., Ltd.— M. & M. Woodworking Co. 12-15 ...^ ——. Macmillan Company, Macwhyte Company (R. Mai tine (quar.)_„„__—__ Corp. (new York) C.) Co. (reduced) Car Magor Mahoa & Electric Gas Madison (quar.)_____ common Company, common Shirt Co. (quar.)—.—— Manhattan Corporation, common Marathon 5% preferred (quar.) Alarconi International Marine (quar.) ........ Communica- tions Co., Ltd., ordinary (interim) Marine'Magnesium Products Corp. (irreg ). Masonite; corporation (quar.) Massachusetts Bonding & Insurance Co.— Quarterly Massey-Harris —i..— Co., Ltd. (increased) Extra —... Ltd. ^ ... May Department Stores Co., com. (quar.).. $3.75 preferred (quar.f $3.75 preferred (1947 series) (quar.) $3.40 preferred (quar.)— ______ rMcClatchy Newspapers, 7% pfd. (quar.).... McColl-Frontenac Oil Co., Ltd. (s-a) McCord Corporation, common (quar.).,; $2.50 preferred (quar.) ... Maxwell; ' McGraw (F. W.) Class A $1.50 preferred & Company, non-cum. preferred 150c 125c ^ common 25c 25c 40c 25c 30c 25c 25c 35c $1.25 • 11-15 12-8 12-20 12-10 12-2 11-30 11-15 12- 1 11-30 1-3-50 12-15 11- 2 11-18 11-10 12-20 50c 12-1 11-17 : 11-28 12-20 11-30 50c 10-31 12-10 11-14 ^ stock Selected - shares Retail trade shares.. Naumkeag Natojmas Nazareth New Britain New Calumet 12-12 12-15 New Jersey 12-15 11-7 11-1 New 11- 1 25c 12- 5 11-17 12-15 12- 1 Common $1 1-15-50 1- 3 12-1 12- 1 12- 1 11-4 11- 4 11-4 preferred (quar.) Mead Corporation, common preferred (quar.) — 2nd preferred (quar.)— 4V*7c 4Ye —...— 25c $1.0614 50c ^ Co., I ... preferred ' Corp...——...——_— Neilson iWilliam). Ltd.. 5% pref (quar.).. Neiman-Marcus Co., 4V4% Neisner Brothers, Extra ..... Inc. pfd. (quar.).^ (quar.). . Gas Light (quar.)'—.——. Mines, Ltd. (interim) Zinc Co. (reduced)—— Newport News Shipbuilding & Dry Dock N. — York Air Brake Co.. Y. New York State Electric & Gas, New preferred York Water Service Newfoundland Newmarket Year-end tquar.) (quar.) Corp. Light & Power Mfg. Co. (quar.)__.— (quar.)..: —— ..... 10-a$* /r / 12-14 U- I —...... , 7% preferred (quar.)$1.75 Peter Paul, Inc. (quarJ--/——..... i— 40c Extra—-—— a*.-——-—-40c Pettibone*Mulliken 40c Corp.i_._..^_.__._._ Pfaudler (The) Company (quar.)__—25c Pfeiffer Brewing Co, (quar.)^...__.^ii_^... 50c Phelps Dodge Cofrp.'—. $1 2- 3 10-14 *11-11 12- B 12- 8 1-1-50 1-3-50 12* 3 12- 2 12-15 1-3-50 1-3-50 1-3-50 12-1 11-15 U-25 12-15 Extra ..—i 12- 9 ll-2£ 11-23^ -11-11? 12-1 (quar.) .... preferred (quar.) 7% 12- l 12-. 1 U-10* 91'Ac 75c 50c 12- 1 12- 1 12-1 11- *4 $11-16-50 — ....^ ^ Company, class B common class A Power Corp, 10-31 Pressed Metals 10-31 Preston Oil 11-15 U-25 12-15 11- 1 Proprietary Mines, U-15 11-21 Public Service Co. of Colorado— 12-15 U-25 12- 1 11-15 11-15 8tate Power Co. Inc. 11-10 11-10 Reading Co. 85c U-15 1-3-50 10-20 12* 9 Red 50c 12- 1 11-21 $25c 12- 1 11-10 11- 4 U-15 11- 4 Oil 43A% 10-31. 11-4 1 11-17 11- 1 $1.183A 11-15 1-3-50 $40© 12* I 11*91 50c 11-15 10-2$ ._*■ —... ... U-25 10-14 11- T 11* 3 12- 9 11-15 11- I 11-30 10-18 10-28 —- Stores, 1st preferred commcn preferred A (quar.) ^ Insurance . (quar.)....; Regent Knitting Mills, Ltd.— *1.60 non-cum, preferred (quar.). Reliance 11-15 11-15 12- 8 (quar.) Corp (quar.)...—... (quar.)—.....— non-cum. Owl * 15c . Refining 11-3$, ... 12-1 ,11-15 12-1. 11-19 12- 1 U-10 12-1 U-l5 $1.25 60c $1.50 40c +25c 50c 35c 20c 25c 25c (quar.) Quaker U-15 12-29 12*20 11-15 12* 1 12- 1 1-3-50 12-1 11-30 12-15 U-25 U-15 , * Extra 11-21 11-21 U-15 83c 25c 10-34 10*354* 50c (quar.). (quar.) Purity Bakeries Corp. (quar.) Quaker Oats Co., 6% preferred 75c 75c 95C 87Vac $1.40 preferred (quar.) preferred U-10 U-10 1 " Pugec Sound Power & Light. Co. common , / $1.06V!i $1.10 40q Public Service Electric & Gas— Oil Company, 12- 11-15 11-15 - - 4% ,11-1$ 75c $18c ... preferred, (quar.). —— 4.40% preferred (quar.)——— Fublic Service Co. of Indiana, com. (quar.). 3l/a% preferred (quar.)^ Public Service Co. of New Hampshire-— ? 3;35% - preferred (quar.) ....—_ Public Service Co. pf New Mexico (quar.) Rayonier, 11-15 12-1 12-31 12*. 1 15c 4%% 5% U-18 12-1 10c — • „. 11- 4* 12- 1 25c America..— of Company Procter & Gamble Co. (quar.)... Ltd.— ■' 11-21 11- 4* 12-19 37V4C $50c ; Prentice-Hall, Inc. 10-31 10-20 U-lf 25c (quar.)—. (quar.).i., Ltd. (interim)—— 11-15 11- 9 11-18 .12-1 12-19, 12-8 11-23 2% ... preference of Canada, 11-15 Pure > 12-10 12-40 U-15 1-3-50 1-3*50 $1.75 50c ....... 11-15 11-15 U- 4 11- I • , $1.75 $1.75 $1 $3 Extra U-30 11-10* .11-19 1- 3 50c Stock dividend , U-15 U-15. 25c 20c Pittsburgh Plate Glass (year-end)—.—, Pittsburgh Terminal Realization (liquidating) Pittsburgh Youngstown & Ashtabula Ry.-* ; 7% preferred (quar.) Plymouth Oil CO. (quar.)...-..—...-,.... $1.50 12-9 , Common ,10-31 10-31 . 11-10 11-15 25c * —. ..... Philadelphia Suburban Water Co., common.. $3.65 preferred (quar.) Phillips Petroleum Co. (quar.) Pillsbury Mills, common (quar.).—...... $4 preferred (quar4)_..^^._. Pittsburgh Fort Wayne & Chicago Ry.— Poor 2-24 11-U 1-3-5Q 12-31 12-31 $1 30c $1 *. 11-25 11-14 U-10 11- I 11-30 U-t* ' 12-15 12-15 11-16 11- 4 11- 4 12-15 U-25 12-1 U-15 12-15 12-15 U-15 11-15 11-10 11-19 12- 9 32- 1 , 12-1 12-10 12-10 11-21 12-1 U-1T .....—_ ; U-2# 11-B 1 U-21 12-10 ' 10-31 ; 11- 1 11-1 U-15 12-20 12- 5 Philadelphia Dairy Products Co. 11-18 U-15 H-IB 25c 12-1 12-15 .12-15 12-1 U-15 , 2- % ill-8 . 11-11 20c (quar.) 10-2% 11-15 — 933/4C com. —- U-15 5c U-30 . Quebec —- — 11-^, , U-18 Shipbuilding Corp.— Founders stock (voting)— Participating stock (non-voting) 12-15 12-15 —•___' 12-1 U-15 25c 60c 40c $5c 59c 50c 50c U- 1 $35c 62V4c 1-1-BO 26o 11-15 i, $1 cum; preferred (quar.) 25c 3-15-50 $1.32 cum. preferred (quar.)—33c 11-18 11.32 leum. preferred (quar.) 33c 2-15-50 ;Penman's, Ltd,, common (quar.) —a...— $75c 11-15 Penn State Water, $7 preferred (quar.)— ,$1.75 12- 1 Pennsylvania Electric Co. — 3.70% preferred C (quar.) 92V4C 12- 1 4.40% preferred B (quar.).. .... $1.10 ,12- 1 Pennsylvania Telephone, $2.25 pfd. (quar.).. 57c 12- 1 Peoples Gas Light & Coke Co $1.50 1-13-50 Peoples Telephone Corp,, common (quar.).. $2 12-15 41/2% preferred $1 12- 1 ^.Pepperell Mfg. Co. (quar.)—_—75c 11-15 Perkins Machine & Gear Co.— ~ f 10-31 $3.50 -15c t$1.25 $1.06'A -20c ;ll-23' —.... preference .... Philadelphia Suburban Transportation— Quarterly ......——^— U-15 20c ; ...... Neptune Meter Co., common (quar.)....... $2.40 preferred (quar.).-*-.—.-— . Grinding Wheelr peninsular Telephone Common (quar.) ?♦* $! cum,'preferred (quar.).. U-18 25c 3-15-50 ... (Herman) Resumed 12-10 12-10 6c (s-a) Nelson 3.75% $4. Cement 11-15* 12-15* 50c 62ViC 11-15 $3c (quar.): Company $10c ■ ' $4 lioh-cum. 2nd preferred (quar.) ...—_ Philadelphia Electric Co., common (quar.). 9c 50c ...... 50c common...'J——$1 11-10 $20c ' 11-10* 11-10* 11-10* ...'"/25c (quar.), Co.... U-3tt $lc i_ 5c ........—._—... Cotton Steam Interim - 4c — ——__ 12-»1 11-25" 12-15; . 11-15 4c series group National Vulcanized Fibre Co. 11-15 60c common — equipment shares 7% . 11-15" "10-20 . 75c (quar.) com. 12-10 12-10 12-1 12-1 ; 10c ,..i— Railroad Line, 10-3il 10-31 10-31 ., , 12- 5 10*28 12-15 12-31 ...... series.. , 11-10 12- 6 12-6 U- 7* 11-30 12-20 11-15 — series 12-22 1-3-50 $25c j McKenzie Red Lake Gold Mines, Ltd.— — 12* 1 8c Preferred Stock Pipe 10-|l .10-31 12-15 25c Peninsular U-14 10-31 11-10; 12*1 40c 1-13-50. 40c 1-13-50 (quar.) 1 11-18 1115 11-15 11-15 1-3-50 Robbins, 12-1 11-15 . series 11-26 $$1.00J/2 McKesson & 62'4c 30c 140c 12- 1 U-22 Funds— Trust Balanced 12- l 12- 1 12- 1 12- 1 12- 1 12- 1 12-15 11-30 12-30 $50Vic Resumed National 12-15 (quar.)— — U-18 —...— —... Eastern U-1% . 11-15 .11-15 11-15 11-15 11-15 ,50c -i' Extra- . 11-23 11- 9 i1" 9 11- 8 — *$1 $12 Vic 75c 93%c 93%c 85c 433/4C Ltd. Extra 50c 51 50c — ...... 1st preferred 11- 4 1O~^0, U-|$ '12-' 1 1 40c 37V4C 34%c '31 (40 ■: —. 12-16 12-12 $1.75 50c $1.50 $7 preferred (auar.) $1.75 National Container Corp. (Del) (quar,).. 10c National Cylinder Gas Co., common (quar.) ; i20c 4(4% preferred (quar.)..i..........—— $1.07 i%'/r preferred (quar.).............—...$1:18% National Dairy Products (quar.)_—50c Extra 30c National Drug & Chemical Co. of Canada, - ■ ' Ltd., common ——.— ...— $12V2C Convertible preferred (quar.). $15c National Erie Corp., 5% 1st pfd. (s-a) $2.50 3% non-cum. 2nd preferred (s-a)...,-— $1.50 National Gypsum, $4.50 pfd. (quar.) $1.12 J/2 National Hosiery Mills, Ltd.— Class A (quar.) $150 Class B' (increased) —......— ' $40c National Lead Company, 7% pfd. A (quar.) $1.75 National Linen Service Corp., com. (quar.). 15c 4Vzic preferred (quar.)...—.... $1.12V^ 5% preferred (quar.)...—$1.25 National Tea Co., common (quar.) ; 50c 4V4',r preferred (quar.) 53VaC 3,8% preferred (quar.).....— 47V2c 11-2 11-26 1-3-50 11-18 12- 1 Mines, Co., common I'/o preferred (quar.) National Cash Register— National Casket Cq., common 11-15 12-15 75c —... Biscuit Year-end 12-2$ I2c . 40c 137 Vic 45c Porcupine Extra, 45c 75c $1.25 . U-10 11-1$ 12- 1 U-25 U-15 12- 1 90c , 10-1% ....... $1.50 —, 10-31 12-kI^ ,• . ....— 10-3d| 1-3-50 12-10 $1.12(4' 37V4c Manufacturing Co., Ltd., common—/ ?, 7% preferred (quar.) ... Paymaster Consolidated Mines, Ltd.-— 11-15 12- 9 12-23 30c — (quar.) 11-15 U-15 Paton ? ; 20c 20c ... , U-30 11-30 40c 50c 12-15 12-15 12- 1 12-19 1-3-50 37Vac Louis Ry Company preferred Railroad (interim). Mclntyre Acme St. & 12-10, 11- % 10-14 11-14 . 11-15 20c National Aluminate Corp. (quar.) ...... National Automotive Fibres, Inc. (quar.).— ( a2Vi% 7c 10c (s-a) , 12-28 McGraw-Hill Publishing Co., Inc. (s-a) Chattanooga 12-10" $1.50 $$3 $50c "t$1.75 Paper, Panhandle ... 11-15 62V/sC p U-14 12-30 12-30 12- 1 11-15 11-15 2UC ... (quar.)™_^~_: "' >■ 25c' •' 12-15 '■ 4% preferred? (quar.) —:.V-$1 1-3-50 12-10 Parkersburg Rig & Reel, common—i. v 12V4<? 12-? 1 ll-JM i $4.25.preferred (quar.)— —... —. $1.06(4 12-1 11-i| Parkview Drugs,..lric. (Kansas City)— 1 ;' 35c partic. preferred (quar,)—... 8%c 11-15 11- 1 Parmelee Transportation Co. (quar.),. 20o 12-27 12-^4 Pato Consolidated Gold Dredging, Ltd.-/>• ' 11-21 - preferred (quar.).. 1$1.25~ Macklutosn-Hemphill Co. (quar.)20c Maclaren Power & Paper Co— 150c Extra 11-5 11-10 11-10 11-10 11-10 13c 5c/o Extra 5% National n .....————— (Mo.) ^ 12- 6 10c (quar.) ... ' National Alfalfa Dehydrating & Milling Co.— $5 Little Miami RR. Co.— 50c (quar.) Pacific Mittsi (reduced). Palestine Economic Corp; ' ' 11-10 12-12 35c com (s-a) U-30 30c participating preferred (s-a)— .Murphy (G. C.) Company (auar,.— Murray Corp. of America, common (quar.)— 4% preferred (quar.) — .Muskegon Motor Specialties Co,— , $2 class A convertible preference (quar.). Mutual Chemical Co; of America— 6% preferred (quar.)., Mutual Telephone Co. (Hawaii)— 4.8% preferred A (quar.) Narragansett Racing Association—. 12- 7- 12- 0 11- | 10-28 10-34 10-34 11-11 (quar. ... i .-5% redeemable ist pfd. (quar. 31(4c ; 5% redeemable. 1st preferred A (quar.)— 3lV4c Pacific (Lighting Corp. (quar).—75c 11-10 5% 12-22 12-15 12- 1 U- 1 11-15 11-15 11-30 12- 6 50c Co. —, Corporation 5% 11-16 11-14 11-14 ; 35c (George) Brewing Co., Muehlebach t 11- 4 11-30 — 31c 75c $1 20c 50c 59^0 (year-end)__ -Quarterly. Pacific Gas As. Eiectfic, 6% 1st pfd. (quar;). 5V4%. 1st? preferred (quar.) * . li-15 11-15 i 12- 1 preferred (quar.) Co. $5 preferred (quar.)— ;Pacific Finance Corp. of California (Del.)— . —— — $1.12V4 11-14 11- 4 11- 4, 11- 4 Oswego Falls Corp., 4(4% preferred (quar.) Otter Tail Power Co. (Minn.), com. (quar.) $3.60 preferred (quar.) ?■ r' 12- 1 11-30 U-30 .11-30 — Mountain Fuel Supply Co * — Mountain Producers Corp. (s-a)—-—— - 12-15 lc Development 4(4% Tube Industries Oxford ---- 11-1 12- 1 50c .> ....—— Products Corp. (quar.) Mount Diablo Oil, Mining & ! Co., (quar.); — 12-10 — ^ Motor Extra . $$1;19 20c 25c 50c — (quar.)— 12-1 12-10 35c $$1.73 . 37V&C Mosinee Paper MillSL._——_—4-;—^-—-—- 55c 25c (Outboard, Marine & Mfg. Co. ^Owens-Illinois Glass Co.__— ,, 75c ;; U- 5 11-5 11- St 10-20. i. Class 3 common..^ ; i , r $$1.32. Moore-McCorniack Lines, Inc. (quar.) ^Morgan, (Henry) Company, Ltd.— 4^4 % preferred (quar.)- . ■ ; 12-31 11-22 12- 1 ' 11-10 12- 1 11-10 $2.50 1-15-50 12- 1 . _ 12- 1 12-1, 12- 1 12- 1 $$1 $$1.13 $$1.50 Inc., common 6% preferred (quar.) —... Ontario & Quebec Ry. Co. (s-a).—.Ontario Steel Products Co., Ltd., common... 7% preferred (quar.). 'Osgood Company (Ohio) class A common ; 11-1$ ' 11-1$ U-1& U-14 Omar, 12- 2 11-21 U3-50 : .12-20 12-1 U-18 $50c :Ki$25c 50c u————. 12-15 ; 11-10, 12- 1 12-1 12- 1 Service... Extra 11-21 10-24 10-24 10-24 11- 5 12-15 U-25 U-25 11-14 11-14 12-16 J50c ( Motor Finance Corp. Public Seaniless rOliver 12-20 12- 1 , common— il-25 - U-ii ' U-25 20c $1.12(4 $1.31(4 common Oklahoma Natural Gas Co., common 33A% preferred A (quar.) 11- 9 12-10 U-14 12-21" 11-25 : Ohio Service Holding Corp Ohio State Life Insurance 11-15 11-15 12-15 1-3-50 5/4 let preferred-— 11- 7 11-1 11-10 11-10 11-10 Ohio Moody's Investors "Service— $3 partic.' preferred (quar.) 10-31 11-23 12-1 12- 1 12- 1 * 11-26 12- l 11-30 Ohio Power Co., 80c 30c 37V4C $1.37V2 50c $1.15 35c l34o, (quar.).. (quar.)-.. $4 cqnvertible preferred B (quar.) Montreal Refrigeration & Storage, Ltd,— , 11-28 11-18 12-15 12- 9 1-16 $1 25c ... 11-15 11-15 75C rMonsanto Chemical Co., .common 11-12 Ohio Oil Co. (quar.) Extra 10-31 62l/zC / Monmouth Park Jockey Club—' / ' 5;% preferred (accum.) .... Monroe, Loan Society, 5l/2% pfd. (quar.) t, 11-15 12*15 Ltd——.* Machine- Tool : Olin Corp., $2 preferred (accum.). Mississippi Pow^r Co., 4.60% pfd. (quar.)_. Missouri-Kansas Pipe Line, com. (increased) Class'B (increased)— Missouri Utilities Co., common (quar.) S'/e preferred (quar.) Monarch . * 11-1 4c ... 11-18 11-15 12-15 $1 —w_—.._"— Lindsay Light & Chemical Co.. Link-Belt Company (quar.)—— Lionel Corporation (quar* Lion Ofl 12-10 11-10 11-15 ; 11- 7 11-10 — Extra; . 11-30 12-1 12- 5 12- 1 — - 12-20 preferred (quar.) Modern Containers, Ltd., Class A (quar.) 11-15. 11-15 20c $15c 15c preferred (quar.).; 5V*% preferred (quaix) Nova Scotia Light & Power, 4% pfd. (quar.) 4%% preferred iquar.) .... 0% preferred (quar.)___.—...... Ogilvie Flour Mills, Ltd., 7V» • pid. (quar.)..; Ohio Associated Telephone Co.— $2.20 pre;erred (quar.) — 50c Minute. Maid Mitchell ^Robert), U-17 11-30 12-1 12-12 12-15. 11-21 11-28 12-9 4(4% 11-18 11-1 11-30 12-20 Public Service, 12- 1 ... ■ 12- 5 1-3-50 62.fte ———— Landis Machine CO;..—:u—_——.— 2nd $5.50? 1st preferred t v 11-15 12-1 12-16 :._.i Corp,,-Ltd.^.iii^-. Bancorporation Northwestern 5c preferred series A (quar.) Moline Co.> common — convertible Northwest 50c conv. $1.50 11-15 11-15 11-ia , $1 75c $10c iquar.) » 11-30 ll-W U-30 ..... (quar.) Mining $2.50 (quar.) (s-a) — Minneapolis li-15 11-19 /11- 7 common— 5^ preferred (quar.).—— Lakey Foundry &■ Machine Co. 3.20% Retracbones Pennsylvania RR.- Co. 11-18 ——— 12- 1 Lake Superior District Power Co., 120c 40c —- 12- 1 12-1 81 Vie 12-10 (quar.) American U-18 - 12-23 ' 11-1 11- 1 * 12-1 (quar.). Insurance common Co. North 11-18 8% preferred, (s-a)—— Participating ... Mining Corp of Canada, Ltd Minneapolis-Honeywell Regulator Co.— Common (increased) — Extra ! 2 12- 9 12-1 12- 1 12-15 12-1 12-1 (quar.) preferred'(quar. Shore Mines, Ltd;.—.——— Life Co., Extra— 12-16 11-1 140c $$1.75 Common 12-1 — 11-10 12-14 12-31 10c 45c 75c Mutual Ry. North 11-30 $1.12Vi ' 25 '/o 35c Midwest Oil 11-10 1-3-50 11-15 $1.50 5c 15c 20c 4% ~5% . ;60c Kroger Co., common (quar.) Year-end 3-28 Western NOtmetkl ■ 11-15 12- 8 Mid-Continent 11-18 11-10 12-21 — 12- 1 20c 20 c $5c Midland : $1.62Vi 12-10 • 11-: 4 11- 1 Mickelberry's Food Prodpcts Co. (irreg.)... Petroleum Corp. (quar.)—. Mid-West Abrasive Co. 1. , 10-31 11-15 11-18 37%c 11-15 11-20 Micnaels Stern; & Co., preferred (quar.)—. Michigan B'lmper Corp. (stock dividend) Michigan Public Service Co. (quar.)- a 12-22 _ Koehring Co. 7% Lake 11-17 12- 9 12- 9 11-10 30c 4c „ , $$i . Hundred Norfolk & Bold** 12-10 25c ...-— y Mica Co.. of. Canada, Ltd.—_ ! 11-15 12-15 11-15 , Extra 4» Payableof Beet. $50c Corp.- <quar.)_.._... Nopco Chemical Co.*— 4% preferred series A (quar.) , 20c participating preferred Participating— — 10-31 12-27 11-25 25c $1.75 —1- "Extra" 11-23 12-27 87%c —-—- Beneficial interest series.; • 12-23 30c $1.50 pjreierred (quar.f_._Knickerbocker Fund— - coni. (quar.)-.-.; Co., $3.25 10c 3QC 25c 5c $1.25 Kings County Lighting Go. (quar.) Kingston Products Corp.- (s-a)_; — Kinney (G. R.), Inc., common (quar.) _____ Special ..l....;.,. $5 prior preferred (quar.) — Kirsch Company, $1.50 preferred (quar.)— 30c Stores - -• i Nineteen When Share - Niagara, Lower Arch Bridge Co., Ltd. (quari) 12-15 11-; 1 11- 1 11-23 10-31 preferred, (quar.)— — 11-15 12- 1 11-30 , 1-3-50 11-15 .11-15 15c i • Per ■ „ Name of Company „ 16-31 62 Vic Merchtinib Fire Assurance Corp. (N. Y.) Quarterly Mercury Messenger Corp. (quar.)... Merritt-Chapman Scott, *0Vaft pfd. (quar.). Messer Oil Corp.' 1 —1 Metal Textile Corp., common — ; 11-5 11-15 11-15 Special . Mercantile . Payable of Sec. 37 Vic ■ 11-15 12-9 ~ 5%% Share Meadvi'lle Telephone Co/ commdn (quar.) 5% preferred (s-a)__._ Meier & Frank Co., Inc.. (quar.) —I—— City When- /Holder* Per - Name oj Company PayabltofBxe. Share . (1957) Co. (s-a)., — U-30 50 COMMERCIAL THE (1958) & FINANCIAL When Per Name of Company 6% 1-3-50 12- 9 $1.12 tot 1-3-50 12- 9 $3.50 30c __— 11-25 11-10 50 1-15 Standard (interim class quar.)_ Electric it preferred F (quar.).. 4%%' preferred G (quar.) of Ages Corp. preferred 5% preferred, A prior preferred Rohm & Haas Stock preferred Ruppert (Jacob), Co. of New Co. of Ohio, 1-3-50 12-15 1-3-50 12-15 12- 12-30 I 1-1-50 12- 1 $1.25 12-15 11- 9 11-23 11- 12-. 1 11-10 I-18* 2-1-50, 1-18* 11-15 Steel 11-14 12- 11-14 1 $25c 12- 1 $31 ViO 12- 1 (Alexander) 25c 12-31 $1.25 & 12-31 40c Pacific 12-15 12- Texas 12- 1 12-15 12- 1 11-14 11- 7 Chemical 12-10 Corp. Sons Corporation, 12-10 .-$1.25 Bend Lathe Southam Co., Ltd $2.40 11-10 Thomaston 1 11-15 tlOC 12- I 11-15 12- 1 11-15 50c 11-18 Tokhelm Oil" Tank 11-25 Toledo Traders Finance Corp., Class B 12-15 11-25 12-15 11-25 $1.12'/a 1-3-50 12-15 25c 11-15 10-24 $30c 11-25 10-18. 4 ' 40c * ' 12-12 _ 12-15 12-31 12-15 11-15 10-31 208 South La Salle Street 12- 11-15 Common (quar.) Union Electric Co. 1 25C 12-15 11-30 25c 12- 1 11-16 $3.50 12- 1 1 lr 16 $3.70 $1 12-16 12- 3.60% 3-15 Wisconsin $30c $$1,2.5 $$1.12% 12-1 1111- 3 1 12-15 11-15 50c 11-15 10-15 50C 12- 1 11-15 12- 1 Union $2.50 12-12 11- 12-14 12- 1 Aircraft United Biscuit II 11-18 12- 11-10 United Electric United $1.05 12- 1 11-10 25c 12- 9 11- 4 10c 12- 9 11- 4 22 %C 11-15 10-31 9c 11-22 11-10 .... 8c 12-20 11-18 31 Vtc 12-31 12- 75c A 11-30 (quar.) " 11-30 10-24 12- 1 U. Spring Bed 11- 11-15 10-20 50C 12-12 $1 $1.25" ___II Southwestern Associated Telephone $5*50 preferred- (initial quar.) Southwestern Electric Service, 11-30 $30c * (quar.).... 50c 5 (quar.) ii-30 $4 12-15 11-15 11- 12- U. 11-15 1 20c 12-15 1-13-50 12- 5 3 Service __ 55c 12- 1 11-15 12-23 12- $1.50 12-15 L.37% 12- 1 11-18 12- 1 11-16 U. 12- 6 8 • S. common.. Co. (Conn.) Extra 12- 1 11-16 11-16 1 1 1 50c 12-10 12-10 11-10 12-14- 11-25 (quar.) ' 2-1-50 1-16 1-16 45c 11-15 11- 1 35c 11-15 11- 1 1- Co.— 11-15 11- ;3 25c 11-15 -11--3 1-3-50 $70c. - v 11-23 11- $37c 11-15 tPayable in U. IPayable in resident tax 15C 11-15 12-31 • 11-15 11-15 10-19 12- 11-!3 " ' 42 %C ■ ' ^ $1.50 1 1-31-50 90c ■*, 1-16 ,12-1 d28c v il-15 \ Co. (quar.)__ (stock dividend) 11-15: 10-31 ' ' 1~ — held. 5% '1-3-50 12-1 25c " 11-30 11-15 12-1. 11-15 50c 12- 1 11-10 a3% 12- 8 (quar,)_____i_ 31'AC , . :; 25c 10-28 12- 1 $1.12 to, 12-15 12- 1 $1.12% 12-15 12-.1 com.. (quarl Tube «, (quar. 12-20 $2.50 Co. S. closed Funds, Canadian 15%; Less British d Less 3% ' 12- 1 11-15 $1.25 12-16 10c 11-29 11-14 11-29 11-14 $1.25 (quar.)__ 12-15 11-30 r for less • 11-18 tax Income Wisconsin xLess 30% Jamaica ^ 15% Canadian tax deductible funds, resident dividend. this 7%. . non-residents' the at V ■. v ■' a , tax. Non¬ Source. : ' tax. dividend income tax. / ; • , tax. — ' General Corporation and Investment News 10-15 11-30 10-31 7 12- 11-15 11- 4 75c 11-15 11- 4 $1.75 (Continued from page 12) 11-15 11- West Kentucky Coal Co.—Three New Directors— Hugh elected 4 9 11-23 B. Baker, directors Hooper Love, $750 (s-a) *, Mr. John R. Shepley of this 12- 9 12-17 11-23 Mr. 12-12 11- as and \ as , 25c 12-14 12-1 Mr. of partner a also Assistant Secretary.—V. 3c common—-—-— 40c 10-31 " . week 12- 1 11-10 $1 1-2-50 11-10 $1.75 ; Power 11-16 11-15 * : 1 1-2-50 11-10 , 12- 1 11-18 50c 12- 9 11-25 22%c 1- 3 12-16 (s-a)_—_ 5, of 1948, '7; ■ Lee Treasurer to ■ common -V have been Louis Mr, Union Sullivan the Stock & of Mrs. firm attorneys, Graham Ruth Vice- St.: Louis. Co., Worcester, election Treasurer and 170, p. 1742,, Exchange Shepley. is Trust M. C. of Young Weckmarin I /. • Co.—Weekly Output— 10-31 10-31 12-20 11-30* -7. • 12-20 11-30* 50c 1-3-50 12-16 1-3-50 12-16 11- 1846. revenues expenses been v,,.'' of elected , the - company, offices ______ 10-31 11-15 Operating 12-30 12-15 Non-operating 12- 3 10-28 Is continue 1948 $31,047,330 $27,313,686 17,864,777 18.056,402 2,191,000 3,610,982 3,180,847 2,230,418 11-15 11-15 also 2,367,106 2,175,000 I 1 12- will 1949 ________— _——____________ than Federal income 7_ Federal income tax (est.)_7_7_____1_________— 11-19 he He - other 12-10 : "v"'; Vice-President. a Maintenance 50c .: Lighting Co.—Earnings— Depreciation Taxes, has 12 Months Ended Sept. 30— Operating Operating ' ; the electric properties of this company for the 1949 totaled 39,900,600 kwh., a decrease cf 20.40% 112,974,000 kwh. for the" corresponding week of director p. Westchester 11-15 11-15 $1.75 (quar.) a 170, $1 (quar.) Jr., and fill.—V. 25c ; ' Rice, 30c ____ York City. 'New Vice-President Elected— 75c (quar.)_ of output . „ $1.06'/4 _ output ended Nov. the from J. Corp.— New York announced Assistant West Penn Electric 12- the New is and Worcester 4 — 22%c of Harden, St. Love Secretary N. . partner & Secretary" of Worcester Boston. 2 is. a, and John it was announced on Nov. 4 by directors are James F. Fogarty, Chair¬ Love. ; company, Other board, and Mr. Weeks President 65c ' the President. Baker Baker, 10% *•- ■ 1-2-50 of man of — 1 12- 12-31 .$$2.50 4 25c preferred (quar.)-_: 56'/4C Steel Corp., Ltd Stockyards Corp. (year-end) United Stores Corp., $6 pfd. (quar,) Universal Consolidated Oil Co. Extra 1 Universal Universal Universal 90c 15c (s-a) «fe 11-15 75c (ordinary interim) Manufacturers, Inc.— Co. 1-30 $25c .''i: _____ Corp.„___L___„_-; not 11-16 (quar.) Corp., _i Company1 (quar.) Sheet 11-16 12- 1-15-50 common Card "(quar.) com. (quar.) preferred 11-15 12- common (s-a>— Steel 10-31 11-18 12- (quar.)__ United 2-1-50 lU.S preferred books 9 3-15 25c • United 1 $1 11-15 Co. Worsted lOc preferred 12- $1 (quar.) 10c 20 "Transfer • 12-17 12-10 35c (quar.)— J,), n-'i 4 1,166,800 Spring & Bumper Co.— 4to ft 30c 25c (quar.) 11- 1 1 Ltd.— Society (Phila.) Playing 50C (quar.) ■ & Sons, (N. Extra 7% 12- $1.25 ——— Machinery 11-15 11-15 Co. Aeronautical 11-15 (quar.) (quar.) 11-1 1 Light Youngstown 10c Pipe & Foundry Co. 40C IIIII ; Co., preferred United States U. prior 11-18 —______ preferred Lines S. W.) • Y.) 10-31 10-31 : * $1.12% Foundry, (N. 11-15 80c ■ 1 preferred Extra 11-30 12-15 15c common 10c 25c iz 11-25 1 Extra S. 12-15 12- (quar.)__.;— Hoffman U. S. Loan 1-11 (F Wyandotte 12- (quar.) ; preferred 4%% U. Co. (quar.) Sovereign Investors Spalding (A. G.) Brothers Inc. (quar.L.II" Sparks Withington Co., 6% pfd. (quar.) Spear & Company, $5.50 1st pfd. (quarj.l (quar.) & B Finishing 4'/4% S, Wright 11-10 $1.12% (s-a)—:— Light & Power Shares, Inc.— preferred S. 5% 11-10 4- — Quarterly Spencer Kellogg & Sons, Inc. Merchants Electric, 7% 11-15 11-15 pfd. (quar.) preferred convertible S. 12-15 40c (Dallas) S. 12-15 9 1-3-50 deposit receipts Series U. U. $1.37% com. Co. 45c 3 9 62%c ; :: Casualty Co, S. 1- 65c ." A 11-15 12- 4%% conv. prior preferred Worumbo Manufacturing— 12- 93%c Quarterly- 11-10 30 %C " _'_H (quar) class 11-15 10c 12 %C T— (quar.)_ (quar.) America, com. (quar.) Investments, 3T%c 11-22 -v 4%%. pfd. Cos. 12-12 11-25 (quar.)_ & 12-23 30c Power Steel prior 12- $25c : Fuel United U. 12-15 12-15 11-10 (resumed) Coal 11-15 50c ; 11-14 (quar.)_______l_ _ Amer. 11-15 11-15 30C _ Insurance 11-15 40c $25C ... 4%% 10-31 United Gas Improvement Co. United Molasses Co,, Ltd.— 3 3 3 11-15 preferred 6% 11- M'l 11-15 (quar.) Special 7% 2 a Corporations, Ltd., class A United (quar.) 11-16 1 $1.12% Engineering 1 I 11-15 * (quar.) 12-10 B 11- 12- 10-31 Company 9 2-15-50 (F. W.) & Co,, Ltd.— ,6% pref. (s-a.)____________ Worthington Pump & Machinery Corp., 10-31 5% 1 12- Woolworth 12-15 — Corp. Woolworth 10-28 62Vic (quar.) preferred Class 11-10 11-15 of 12- .12- . 10c Industries, common preferred (quar.) 11-18 5 11-16 $1 : > U-14 . 10c Company, Power 11-15 II-15 Corp., Co. 12-10 United (accum.)_-(quar.) V 95c V-: preferred. (quarl)__ 12- V 11-14 .12-.1 15c (quar.)__ share for each 5% . 92Vic Inc., 12-20 United 11-10 Missouri— Co, 50c 87 %c 11-30 87Vic A Lines, Carbon One 25c com. California— 30c III pfd. Corp., Extra $4.50 ' > Vie 87 Rubber.. Woodall 1 11-15 12-1 ; " Bl); (Alan) 1 1 (quar.) Car United United * Wood 1212- (quar.)_ preferred Tank Air 9 30c ' - (quar.)_ (quar.) of Co, United 11-15 97 %C ' of preferred Oil S3.75 3 12- $4 6-15 12-15 12-15 12- 12-15 12-15 : Common (year-end) 6% preferred (quar.)_l__^____l._ 12-15 6-26-50 1 2--1 12- 5 1-3-50; 50C 65c ; Wisconsin Electric 10-31 75c v I preferred preferred $4.50 5 Union ___Z (quar.) Corp., City Ninth Unit, 6% 62 %c 12-13 100% Co. (J. I-3-50 $$l.l2'/2 (quar.) $1.25 - Storesl___ll._L____________ preferred '4-1-50 $37too (Hartford)— Insurance $1 11-15 100% Tudor Williams 1 12- 11- 12-15. $2 . ' (quar.) Brothers Oil 11-14 n-i 11-15' $1.25 2 -15-50 ;;;• _______ Mfg. ,11-24 11-15 $1.25 Wilsil, Ltd. __a__ Winnipeg Electric Co., common___ii:_______5% non-cum. preferred (s-a) Winters & Crampton Corp. (quar.)i \ $37 Vic ... (Hartford) Co. 12-1 1-3-50 60c ;' 12- Co., Inc.____________ 11-10 12-15 ; $6 Universal (quar.) W'ilkes-Barre Lace Mfg. Co. Will & Baumer Candle 11-18 12-15 $1.06% dividend Trinity $1 .1 (quar.). , '' Company, common1 (quar. 11-10 5 a l^-'l ","11-24 1^-; 75c 75c — (quar.)____ com. i Auto 50c dividend Stock 12-28 1-3-50 Co.— Ltd. Co. 62 toe _ (quar. i Carpet _____ 0 5 11-15 12-15V 1 50c (quar.)____ pfd. (quar.) $$1.12 Vi, 50c Ltd., class A 59 %C ____ Public 11-28 1-3-50 40c Co., Common (quar.) 9* : : ; - - (final) preferred 11- 12- 12-15 $50C Whitehead ,-r; (quar.)— Travelers Insurance (quar.) -H— Wilcox 11-9* 12- 31'/4C ; Pump Co, Insurance RR. Paper (S. S.) Dental White 5 1- 1 II-15 ' "$1.12% r Supply Col (quar.) Pacific preferred. A- Whites 11-10 12- 12'/2c Special $1.25 (quar.) (quar.) Co., preferred Travelers Stock common preferred 4%% & 4'/4%^ 9* 12- - ... 1 15c (quar.) 12-15 25c (quar.)_—___ 1 1-3-50 $1 75c-.- - 12-15 9* 11-1 1-16 12- 50c Edison, Ltd. !____ Extra ' ; 12- 25c (quar.)_____ Power 12-10 Products, Whitaker 12-10 1 12-20 11-15 11- 11-15 12-1 111-15 11-15" 11-29 12-10 11- 10-31 11-10 > 12-12 12- Weston Electric Instrument Corp. Weston. (George),'Ltd., 4%% 15c 1 11-15 -12--1 $1.50 5% preferred (quar.) ; Westinghouse Air Brake Co. (quar.)____— Westinghouse Electric Corp., com. (year-end) 3%% preferred A (quar.) 3.80% preferred B (quar.)__ 11-15 11- H- 1 17 Vic 11-2 $1.75 • 11-21 12- ____________ (quar.) 11-12* 1-3-50 1 1 12-15 12-13 $1 75c $1.50 11-15 1-3-50 12- 12-28 12 *%c 1-1 ______— II-30 31'Ac $20c 7 too (irreg.) Southern Natural Gas Co. (quar.) Southern Railway Co., common (quar.)_ Water 12- Thompson Products, Inc., common (year-end)^: $1.50 4% preferred (quar.)_wi._—___I_ $1 Thrifty Drug Stores Co...,— / 12'/2c Tide Water Associated Oil (quar.) i 40c Tide Water Power Co. (quar.)__ 15c Timken Roller Bearing Co. (reduced) ' 50c (quar.) Works preferred A I-3-50 11-29 Common $20c 11-10 preferred__"__l_____ Electric, 6% Western 4 12-15 (quar.) common.... 11-14 $1.75 Gas Co. Western Auto • 11-15 Mfg. Mills, 11-12 -."'$$1 11-15 $1 ' vv, 12^15 11.-25 (quar.)—. (s-a) Z— preferred " j " Co.— > preferred (quar.)_.._ conv. 11- 1 12-1 $2.95 l5c ' (Rhode Island)—> preferred (quar.)_„ Glass 12- . 11-16 12- 7'/2c 22c Greyhound Lines™ Southern California Edison— preferred Co. I-3-50 50c —,— pfd. $4 Corp. 25c convertible $10C I Gas 25C Southeastern preferred Inc. (quar.)— Snowdrift, Sugar 50c a- • —_ Co. 11-15 12-20 25c 5% preferred A (quar.) Western Railway of Al?.bama_________l____ Western Tablet & Stationery Corp.— $4c —<— Common ______ (quar.) preferred South $4 Oil *.10-31 '11-30 $1 common Virginia Pulp &. Paper— **4-%%. preferred <quar.)_____:_ 11-15 50c (year-end) & Southeastern Textron, 11-10 25c (quar„)_, Products convertible $4 Coal Mfg.- Co. Oil-At 5 Westeel. ■ 11-18 10c Thatcher 11-15 1 10c Corp.____ (Cleveland) Producing Extra. 9 Investment .."..HI Iron Co. Soundview Pulp Co. Stamford Texas 8 11-15 12- 12-1 ■ 11-15 50c ...... Aircraft Co.— 90c convertible preferred R.) (The) 11-15 12- 12-15 37 toe Works, 7% pfd, (quar.) Company • 4increased quar.) Gulf '50C Solar (E. (quar.) Chemical Co.. 11-15 25c 12- West , Cash Water Texas ,40c : pfd. & Socony-Vacuum Oil Extra A Tower Haute 11-15 —— 35c & 411-12 1 50c class A Ohio 5% Extra-— ■ 11-15 11-28 Extra (quar.) 3%ft preferred (quar.)— 4.20%. preferred (quar.) Squibb Texas 11- 5c •, Products 11-12 1 12- $20c ' Co.__ Penn 7% . . Tennessee • frac¬ / 1 12- 20c ,* $1.75 11-18- 12-15 37%c 1 Telephone Bond & Share— ~7,ft 1st preferred (accum.) Terminal 12-1 Common Queen * 11-18 (s-a) Jersey & Seashore RR.— guaranteed (s-a)_— West v West 4 21c (quar.) Inc. 10-28 $1.07 %. —, - Extra pfd. Extra' 11-30* West 5 (quar,)..—__— 7-18 12-12 2-1-50 30c Corp. (quar.) Sioux City Gas & Electric Co., com. (quarTj" 3.90% preferred (quar.) ________ Skelly Oil Co...: -—._-_._I_.I__. Skilsaw, Inc. (quar,) Southwestern 6% 11-11 12-15 (quar.) Engineering Indies 6% 5 11- 5c 1/25 11-21 25c - 11-10 11- 11-15 4% Oil, preferred Tampax, 8-1-50 1 11-15 share. 2nd 12- - v25c held. '11-15 $60C '?■ , 11-15 12-15 11-18 25c 10% each 1-18 85c Oil Life shares for 4-18 ,91 'AO preferred Simpsons' Ltd., 4V'2% Southwestern 25 18c 2-1-50 75c (Franklin) (See Franklin Simon) — (H.)- & Sons, Ltd., common (quar.). Southern 4% each of 5-1-50 27 %C ... common (quar.). preferred (quar.) Corp. of America, class A (quar.) Slgnode Steel Strapping, common (quar.).. 5% preferred (quar.) Simmons Company (year-end) non-cum. for West 11-18 7 too Mining Canada / Wesson ' 12-16 11-28 $75c • 27 %C quar.) 1-3-50 31'Ac - ...— (quar.) 27,too. 4% 4.88% (s-a)___ (quar.)_____ Sylvanite Gold Mines, Ltd.__~l Syracuse Transit Corp. Symington-Gould Corp. Tampa Electric Co.. 50c 12-1 57c -~ paid in lieu of fractional shares rate Swan-Finch 11-15 11-20 be the tional 1 Shoe Southern share will 1 7c SherwinrWilliams Co., $1.25 One 4 1 ... 5% 1st preferred (qua?.)—— Shellmar Products Corp., common 4%% preferred (quar.) Sonotone class A common 12-12 $.1 $1.13 —_! : (quar.)_—:_L. common preferred conv. Wentworth 5 25c ; _________ 8 11- 25c _ 11- 1 Company, Welsbach Corporation, 11-18 (quar.). Ray Drug Co., common.. preferred (quar.) Superior Tool & Die Co, (quar.) Susquehanna Mills (stock dividend i— 12- 1 12- 11-18 11-28 11-23 12- Sun 11-15 1 12-12 50c & Wellman 10-30 25e pfd. - 11-10 $1 Shawinigan Water & Power Co. Sheller Manufacturing Corp.— Common (increased quar.) Solventol Ltd., 12-15 11-15 a 12- 9 2- ; Sloss-Sheffield preferred 12-31 25c -(quar.)— Increased quar. Sun Oil Company, common Stock dividend ! Terre Servel, Inc., $4.50 preferred Class 1 11- _______ Sinclair Screw Co., $1.25 5 50c (quar.) Suburban Propane Gas Corp.— ... 11- 25c (quar.) 4%% Co. Stowell ,5- —..... redeemable Textiles, Furniture Struthers Wells Corp., 9 12%c. 2-15-50 Extra Simon Stern & Storkline 12-23 $4.50 preferred (quar.) 11-18 "V" Warren Petroleum Corp, 4% - —a 11-15 15c Security. Banknote Co., $1 pfd. (quar.) Seme*. Corporation, class A (quar.) Simon Inc. 11-15 $1.25 (quar.)., Stores, 12- 50c common..— Denn is Company Extra 11-10 _____ Shattuck (A.) 1 11-14 1 12- 40c _______—— Sterling Brewers, Inc— Sterling Drug, Inc. (quar.) 11-10 11-25 $1.50 participating preferred (quar.)_______ Participating Candy Shops, Ltd Securities Acceptance Corp., common Speed Sterchl Brothers 2 11-25 $$1.06 4% 5% Stein 12- 11-15 (quar.) Smith 11-11 1 12- 12%c Spring Co. (increased quar.) Supply Co.—* Stecher-Traung Lithograph Corp. " 5% preferred (quar.)... 12- 7-17 20c Waterous, Ltd., class A "<quar,j___ll Wayne Pump Co. (resumed) 1-13-50 25c 4-17 35c Weeden . :— ' 1-16 5-1-50 8-1-50 common 11-15 50c (quar.) ._ Company, 11-19 12 %C (quar,) D.) 12-10 12- Seaboard, Surety. Co. (quar.) Sears, Roebuck (quar.)... B (S. 12-10 11- 6% scries A non-cum. preferred Seaboard Oil Co. of Delaware Class Warren 40c 93%c " (quar.). Fuel at (quar.).. 11-18 20c (quar.) 2-1-50 37 %c 37 %C ' Standard Steel A Railway Eqittftment Mfg. 8ilica Corp. (quar.) 11-18 Geoderham & Worts, Ltd.— State 11-17 ._ Seeord (Laura) (Hiram) 12-15 preferred 1 37 Vac — Increased 11-15 11-11 __ - Walker - 9 1 12-10 : preferred 50c , 9 12- 3%% 6% International 11-10. It- 12- 1-3-50 11-15 5% preferred (quar.)___ Beaboard Air Line RR. Co.— Common $2.50 11-18 12- 25C Standard 12%c 5-15-50 Canadian 12-12 12-12 : (year-end) (quar.)_ 1 5 $1 _____— Standard 1 ... ■ Standard common 12- 12- ——" 1 10-26 * Co., Ltd., Jersey preferred (quar.)! Walker & Company.. 1 Manufacturing Co., Ektra of shares held)— 11-12 12-10 ' 4ft 12- 1 $4 Second 11-10 11-17 R.v. (quar.).——! Scythes & Company, Ltd., common... 11-10 12-12 11- $1.50, preferred (quar.) $3.40 preferred (quar.) Scotten Dillon Co. (irreg.) 11-10 12-10 5 12- __ (quar.) 11-29 $1 50c 12- 11-1 4'A% pfd. (quar.) 6% pfd. (quar.) Extra 20c " 11-19 12-15 12- I Ltd., vtc 100 10-JdU 1 (quar.) (quar.); share each Oil 1-2-50 ... Common (One for Oil $1 5%% pre/erred A (quar.) 5Mi ft: preferred A (quar.) Scott Paper Co., common (increased 4.30% J. Standard 30c : preferred preferred dividend of N. - 2 12- 30c —— iqilar.)' Standard $1.12% (quar.) Savage Arms Corp.. Sayre & Fisher Brick Co. (quar.). Schwitzer-Cummins Co., common—. 5%% preferred A (quar.) 3.65 % 12- (quar,). California 11-15 Transit Quarterly Quarterly Quarterly Corp. 11-15 12-20 RR._ Francisco Forgings 1 Stern (quar.) 40c 10-31 1 12-22 $1.25 — 11-15 $1 _ Water Co., Stock preferred 1 12 %C pld. convertible 12- 50C (quar.) 4%ft Shops Ban Antonio 5% 11-15 37 too , Milling Louis-San 5% 12-28 25c (quar.)__ (quar.) Special St. Regis Paper Co. - (Indiana) $1.25 5% conv. preferred A vtc (quar.) St. Paul Fire is Marine Insurance Co.— r of Co. 4% Saguenay Power Co., ,, Co. Oil $1.25 (quar.) Whitehall it Saco-Lowell Bcovill Oil Standard 12 %C Russell-Miller tit, Standard 11-10 30c Common St. Joseph 11-24 12- 1 12- 12- 1-3-50 37 %C Vanadium-Alleys Steel Co. (reduced) Vapor Car Corp., 5% preferred (quar.) Chemical Co. (quar.)__ * Virginia Coal & Iron Co. Virginian Railway, 6% pfd. (quar.) 6% preferred (quar.) 6% preferred (quar.) Vogt Manufacturing Corp. (quar.) Walgreen Company, common (quar.) 25c Roxy Theatre, $1.50 preferred iquar.) Royal Crown Bottling Co. of Louisville- Rutland 12-15 , 12- 12-12 62%C 40c dividend 5% $12%c $$1.25 $1.60 $1.25 (quar.) 11-15 1 6% 50c (quar.) 4% preferred A Roos Brothers, Inc. 12- 1 Holder• Payable of Rec 15C Company (quar.)__A Knitting Co.— prior preferred (quar.) Vick _— 12- - Company, common Utlca 12- 40c (quar.) Standard Dredging Corp.—• Standard *1.18% (quar.) 5% (increased) 10-25 — (quar.) 11-15 12-15 Co., Ltd.— 10-25 30% — 12-15 Share Upson-Walton 87%c preferred Oil _ 11-15 25c 11-15 40c Rockland Gas Co. (increased quar.)_,__— Rockwell Manufacturing Co. (increased quar.) Rockwood it Company, common (quar.) 5% Common 5% Corp.— 4% Rock 11-10 Chemical Company 12-15 v— 11-15 $1.12 «/2 ._ Gas 1-15 1 12- j When Per Name of 30c preferred (£|uar.) Cap & Seal Corp.'— conv. preferred (quar.) 45c — Manufacturing Co., common (quar.)_ 4%% preferred (quar.) „ Rhodesian Selection Trust (final)___ Share (quar.)— common 45C quar.) Rheem Rochester 2-1-50 25c (interim B 2-1 15c — Copper it Brass, Inc Reynolds (R. J.) Tobacco— Common ' Inc., Extra $1.60 Revere Common Company Brands, Monday, November 14, 1949 When Holdert Payable of Rec. Standard 15c preferred A (quar.)__ preferred B (quar.) Standard 25c Remington Rand, Inc., common. $4.50 prefei red (quar.) —Republic Insurance Co. (Texas) (quar.)— Republic Investors Fund— 6% Name of Holdeii Payable of Rec. 8hare Per ■ , CHRONICLE Insurance preferred 40c $1.50 (quar.) Co Pictures, 4'%% pfd. (quar.) Winding Co., common convertible $i5c 50c —._ 1 11-23 11- 8 11-23 11- 12- 1 11-15 $1.06'A 12- 1 11-15 25c 1- 3 12-15 $3,862,665 income income $1,655,019 11,880 ___. deductions $1,667,7G9 1,775,213 — 12,750 $3,874,545 —-— 1,703,950 8 25c Gross Income income $1 22%c 12- 1 11-15 Net income Sales of Sales of $2,099,332 electricity gas *Loss.—V. <1,000 (kwh.)___ CU. 170. p. 929. ft.)___ ^___ ^^ *$36,181 464,464,759 442.272.739 10,248,277 10,694,407 ... Volume 170 Number 4855 THE Western Air Lines, Inc.—New Vice-President— COMMERCIAL The ipompariy of about to Western Auto Supply Co.—Earnings— Net sales—Retail— $17,233,596 Wnolesale $35,478,293 before earns., eral income Federal income earns, interest 2,979,586 855,012 3,512,269 The 6,535,963 1,379,781 1,183,092 2,601,260 $1,796,494 $2,132,488 $2.39 $2.84 ,12'/i over a year; The ago. Sept. 30, 1949, ratio were* 265 of current assets liabilities current to Gross compared ber, with 1949, 262 Net at 1949—10 Mos. 1948,, totaled a 2,343, In operation earlier. year against as in October, Wholesale in 2,054 this year, accounts October, 1559.. P. offer an of an approval exchange ,new dbligatjqns bonds would bear the ICC, will be made to the it bond is expected holders Sept. 30— operating 1949 revenue 1943 $27,705,066 $33,523 472 j... income Total Employee 55^682 87,152 that within formal two and — services Miscellaneous 225,196 239 923 1,317^000 1,697*,000 118,000 154,000 $1,835,172 Pennsylvania 170, bonds taxes income of $27,792,218 $33,579,154 7,779,243 7,954,568 15,299,840 20,217,859 946,459 927^889 271,308 4,025 purchased Depreciation and depletion Int., exp. and taxes on first mtge. Federal offer weeks.—V. costs Materials ■ voted of and (n vfor new thereafter 4%. directors sales Interest, rentals and other $2,383,890 tax income tax — from railway-.,,. 1949 v . ^4,452,792 railway--^. 630,348 oper.. income.^ No. 1,137,056 691,955 784,518 on 5%, cilm. pfd. stock—— Dividendsv,op,.jcommpn, 1946 , $3,689,650 I 1,577,540 280,5ii7 . ) 1947 1. , $3,303,042 - Dividends 1948 $4,232,891, 1,591,220 720,303 qf common, Earned —V. per HO, 260,111 stock shares^-,——— 507,880 share—'— common 265,130 362,747 483,662" —r—r ' $3.10 $4,38 1846. p. From Jan. 1— units units of to front Gross 1949—Montb-^1948 retail bondholders Western Pacific RR. Co.—Earnings— in 30,044,536 32,217,990 28,172,991. 31,329,311 from, rahway,-r-,—. 4,945,467 7,785,230 5,637,925' 7,253,437 Net ry. income-'. 2,689,113 3,994,353 2,69^326' 3,258,489 railway—. oper; as _ CONSOLIDATED Octo¬ (Incl. 170, 1948.—V. from Net , $11,712,000 $10,739,000 $99,966,000 $102,171,000 Thefe the the old, bopds.- would .be furnqd Until l'952, the proposed /September— October Sales Up— — make at 4and Net ry. Period End. Oct. 31— Sales Net to income 4.8-to-l; was Nine Months Ended 1742. $5.24 per-share... Cash decreased $2,900,000 and receivables increased $4,100,000 * the maturity 4% bonds due non-Callable 51 (ATalii) Wood Steel Co. (& Sub.)—Earnings— extending toward 9 outstanding 1969,. board exchange "The total inventory position, including; merchandise on hand and on order, at Sept. 30, 1949,' was $5,100,000 less than a year ago, a decrease of (1959) $3,934,703 $1.81 steps Nov. 1952. in Subject P. $1,360,710 _ CHRONICLE Nov. 9 to call a special meeting bf stockholders for Dec. 15, to approve execution uof, a liew^gsjjgjp) mort¬ gage. It. a1iib^'.au'fh6rf^e'd' 'fhc ..company's officers to proceed with a plan for the exchange offer. | $36,133,754 888,253,622 $91,432,451 2,215,722 Net. earnings., Net maturing Fed¬ tax in proposed under, whiqh . 1949—9 Mos.—1948 $18,663,915 $44,957,259 $47,823,361 17,469,839 43,296,363 43,609,090 IS,244,698 Total Net ' is took/first $44,in,000 -of its mature It 1949—3 Mos.—1948 FINANCIAL Western Maryland Ry.—Plan^ Bond Trade— Arthur P. Kelly, Assistant to the President,'has been elected VicePresident—sales. He will direct the corporation's, sales, traffic, ad¬ vertising and promotional programs.—V. 170, p. 1441. Period End. Sept. 30— & Sacramento Northern Period End. Sept. 30— • ; INCOME Ry. Nog. 1949—9 Mos.—1948 revenues- $3,639,152 $4,820,051 Railway uper;- expenses- ;-2,863,470 3,125,139 been C, , vMr. $32,062,796 $34,223,931 26,952,284 (111.)—Sale— Rapids, Allen, President, of the latter lirm, announced on 9., Woodstock's machinery and equipment will be moved from Woodstock, 111., to Grand Rapids early in 1950. Mich.,,, Ralph Southern! Ry. Co.) ** and Tidewater 1949—Month—1948 pper. Co. ipanufacturing rights ah^ facilitfes of this company have purchased by R. CJ. Allen. Business Machines, Inc., 01 Grand ACCOUNT Raifway Western Light & Telephone Co., Inc.—Rights to Stock¬ holders— The, pompany is .issuing to the holders of its outstanding shares of W^ods'fock Typewriter The Allen added that & improved typewriter bearing the R. C. would be manufactured at Grand Rapids.— new AlleprWqQdstock trademark, 26,409,663 V. 166, 996. p. ... coipipou stock, of record Nov. fights (If to of-common subscribe, at Net Ry. 1, 1949|i transferable warrants evidencing pef share, for 14,162 additional shares $21 stock (par $10) on the... basis of one such share; for-each shades** so held, of record, and !<2): the privilege to oversubscribe for aduiilonal'■shares at said price, subject to allotment out of the shares of such common stock, if any, not taken by subscription. The 20 warrants expire at Subscriptions, 3 are- (CSX) p.m. payable Nov. on 16. Continental at . Illinois National y ! All - which-Hie is AND resdififi^Twm & not (Inc.) subscribed- for not committed by to stockholders,, but in five communities, in in .Kansas. corporation Co, (Kans.i. . Kansas and ice close of the AND' PROPOSED. PROGRAM '' territory served.,; In addition to by, existing customers,' the number of new Jan.-1, Net the large increases in has obtained company demand $8,720,882 and total a of 18,832 . stations and be made for other- facilities. to amount to and to n6w customers, in of common to 402,581 which stock hereby will depending the any of such company the; stockholders. stock that price ana net; proceeds Based, offered the by commission will company estimated at not more subscribed all at is paid to amount on of the for expenses and $3,000 of their consummated on or tax shares finance of iu stock common part the and company's of the reflect to ' issuance $1,250,000 1, Series B, from the debentures will program. preferred Common stock stock $10) •Without specified limit restrictive '69 provisions with agreement Trust Co. agers agree of OF to use Net ry. time in in each 1948 of first the plus three extra an 1949 . *1948 rules $447,992 160,583 160,583 " $1.92 and charged of that all American 10," 1949, for 160,583 Dec. ouW 1946, 31, ,registered 10, of 1943, its shares in,, the required of form fee for of the receipts. Exchange1 ordinary, rules registered the, above referred that the Amer¬ shares.-be .not tp. share, bonus receipts ,fpr said .stock, delivered further notice must be accompanied until distribution.*—V. 161, 709. p. 1949—Month—1948 1949—10 Mos.—194 *.'. •$ > —V. 170, - $ • $ 451,728',348' $62',902,8 53,429,686 1539. p. (Win.) Wrl^ley Jr. Co. (& Subs.)—Earnings— Period End. Sept. 30— Not 160,583 $3.43!. income.—V. $6.30 170, p. Int. land divs. 1948 ; from in¬ 545 ,048 vestments Net 1949—9 Mos.—1948 $17,901 470 $16,185,466 $52,944,922 $45,360,866 gains from sales other prop... 1,249,016 433,864 ^263,292 '81,650 Drl93 ,951 other Misc. 96^943 ..2,429 336,303 24,746 317,425 of and inc. (net)- 99, 209 sees, ' 834. income and $18,351,776 $16,366,488' $54,266,949 $46,136,901 9,055,394 8,787,858 26,631,861 23,307,029 labor. Selling, distribution and 1947 $3,555,117 1,620.933 income 367,961 1,027,748 24.67$,389 7,980,155 5,233,327 1946 822,216 gen.. admin, } Prov. for 780,136 U. Govt. 471,066 501,369 Foreign 27,629,370 :21,805,592 7,724,234 6,925,693 4,825,739 3,450,614 2,373,570 3,789,370 expenses 2,710,651 10,718.422 8,143,083 15,324.232 10,797,717 $2,675,693$2,162,748 - S. 222,681 taxes— 657,526 .430,884 5,019,243 4,736,003 993,017 649,653 $2,907,757 $10,246,880 $8,870,244 1,540,907! income 230,249 convorsiyp current 140,456 1,669,849 ear,nings_____„ op net inc. -——j.*— ,tNet Loss depreciation govts.' taxes ■ income.-.^ allowed •Materials ' 1949—3 Mos.—1948 sales, ,less cash dis¬ counts Ry.—Earnings— 558,606 ■ £8,302,032 on depositary and said $3,384,225 278,859 of ■'.< of assets foreign subsidiaries-^. ' 765,891 765,891 Willson Products, Inc.—Dividend Meeting Postponed— The v i corporation has Its dividend meeting to Nov. 15 r'from Nov. 8 because of the holiday. The company is paying quarterly > dividends of 20 cents per share,-.the last of which was disbursed * on Sept. 10. 1949—V. 170, p. 1441. ' / postponed , v * ' • • *' " ' _ I- - ■ fs stockholders authorized on Nov. 15 will consider There Wisconsin Central Ry.—EarningsSeptember— Gross from Net from Net ry. » raifway , 1949 1948 , 1947 1946 $2,269,440 $2,678,690 $2,296,588 531,723 262,898 919,495 618,820 482,991 532,510 173,578 478,204 20,215,474 22.416,029 19,482,548 16,814,651 4,218,427 6,179,332 5,447,068 3,314,654 1,802,478 2,961,642 2,723,248 1,855,409 railway....... income oper $1,984,109 railway railway.. inpome oper. 170, p. *Anrf services to share per consumed customers. of assets foreign in tBefore currencies. $8,870,244 » foreign $4.51 488,572 302,325 making-chewing $4.82 830,753 . gum and extraordinary, loss other products conversion on of net subsidiaries ;Of foreign resulting from devaluation of subsidiaries included above (after deducting exchange loss of $765,891.)—V. 170, p. 734. Yonkcrs Electric Light & Power Co.—Earnings— 12 Months Ended Sept. 30— Operating Operating * — ... ...— , $4,710,844 1,701,189 666,038 1,788,739 509,815 681,250 600,000 750,876 — 530,600 293,800 .......— $1,043,517 $767,614 ——— 2,160 2,152 $1,045,677 258,347 $769,766 .... than Federal income—,.— tax (est.)^ income : income ,1948 $5,428,308' 805,714 .—— other Federal —— i Depreciation Taxes, 1949 - i->——i. revenues expenses 1846. Operating 1,250,000 Wisconsin Hydro Electric Co.—Earnings- 1,237,500 1,250,000 Nine Months Ended Sept. 30— 161,554 shs. 297,394 shs. whereby the dealer manage $1.48 earns, $9,480,989 _ $6,014,000 and (1,968,487 shares)—$1.33 JNet earnings—Dr330,306 Maintenance from Outstanding . $2,907,757 sold proposal to increase the shares to 500,000 shares. presently outstanding 294,830 shares.—V. 170, p. 441. are period. $2,618,334 Net '■ for current a stock from 300,000 common Net earns, »: Wilson-Jones Co.—To Increase Capitalization— --The 2,500,000 form "ex" , Sales r—^—50,755 461 similar a of account (F. W.) Wool worth Co.—October Sales Off— 1946 $2,260,589 railway. railway ■ depositary Securities, of the on Period End. Oct. 31- $551,090 ! $1,011,080 $2.79 to 1949 • • balance Joss of quartors 1947 $309,290 & Lake'Eric . American receipts for the until further notice by due bills ( . the of ./ ; thereto such depositary after* Nov. *•, 3333. p. part profit-and ' railway___J. oper. ry. a man¬ group Operating revenues Operation Maintenance 1949 ... State taxes and $998,074 604,390 604,768 61,541 ...... Federal income .... Income 92,733 84,194 35,450 Gross income $200,045 . deductions deductions —— ... income Net Sales —V. Total «—— ... of $787,330 electricity 170, (kwh.) Net Per —V. share 170, of p. 52,211 $145,010 common 1742. " stock (132,800 shares) $497,450 $120,592 55,035 income.. , 120.867,174 117,735,465 988. p. $68,382 $1.09 $0.51 Younker Brothers, Inc., Des Moines, . 272,316 102,131 92,566 ... taxes income Gross 42,399 108,913 ^ income 1948 $1,151,649 Depreciation General Non-operating of security dealers, including the dealer managers, to solicit subscriptions to purchase the additional shares of common stock offered.—V. 170, 1539. ' share of distribution, at, the rate of one .additional ordinary registered share for„ each ordinary registered share held,; The Committee further 244,816 v ? —V. 170, p. 1441. Net 400,000 shs. to 330,219 J the „credit " said. share a this at from from —V. to aggregate principal amount but subject of the indenture under which the bonds efforts 191,786 stock dividend of lone fo take the place of a company $1 From Jan. 1— / $1,250,000 (dealer managers), best, 538,987 raiIway„T___ oper, Net SUBSCRIPTIONS—Company has entered into an Hall ft Co. (Inc.), Chicago, and The First their ry. Gross Harris, Lincoln, Neb. 721,432 326,409 W of Jrom Net Gross and issuable. "SOLICITATION proposal, capitalized. quoted , share____ tills from be 250,000 shs. : as declare^ Sept. 30— September-^Net from 2,500,000 $25) (par (par debentures) * 1977—„ at * New Total Net 41 3'e7r, due Dec. 1, stock common Authorized 333^, due Dec. 1, 1978 sink, fund debs., due Nov. 1, 2,885,829 " From ,Jp n. 1—> 3'r, due July 1, 1975 on Other f 14.162. shares' of Series C. 2,950,298 1949, and that the construction bonds mortgage Series A. 3,350,890 snares , Dec. sinking fund ' ,/ . of 3Vz% of ,$1, pej* share on o( record Nov. 22, Sept. 7, last, and on cents* per f20,000,opo by the The Gqmmittee Electrical-Instrument Corp. (& Subs.)—Earns. attributable Gross necessary CAPITALIZATION • to issuance' of 25,582 . I'i'S. . funds required to finance this construction program to the end of 1950 are expected by the company to become available • from the sale to of approximately $1,500,000 first mortgage bonds in ,thq early part of 1950, and from treasury funds and ether internal sources such as provisions for depreciation and amortization and undistributed earnings. " r. 24,383 " institutions (Adjusted 34,669 in¬ obligation of the purchaser of the debentures will be conditioned upon to paid was dividend. 25 holders 1473, record at; the close of business 011 Nov. American depositary receipts upon receipt 38,604 Coal Co.—Declares Stock Dividend— 14 163, Wheeling out-of-pocket the. company receiving not less than $250,000 from the sale of the additionalshares of common stock now offer TAe "pet proceeds to be received by the company from the sale of the additional 6-to ,;-s, to the execution before 33,641 , 1946 ' ^ $321,633 69,440 $345,312. period, cost of moving machinery, equipment,, and subsidiary, the C. J. Tagliabue Corp.,. (N. J,'), acquired on Jan. 19, 1948, amounted to $265,435. Earned surplus was charged in the amount of $159,261, which is the remainder of the: total cost after deducting $106,174 for the related reduction in Federal income . bentures. ,w.U be 79,384 ;; have apd per *During agreement, for the sale to an /institutional; investor, at plus accrued interest,'1 of $1,250,000 YkVo 'i sinking fund de¬ due Nov: I, 1969. It,is expected that the sale of such de¬ 100.72-'.r, bentures, year inventories of $25,000 $383,696 85,552 . 2,996,78$ 492,964 ^ 197,900 - company paid Earnings subscription all such shares, the (equivalent to $1,000. of York Stock Exchange, has received,, hdt)Ce. froniiGuaranty ,9} New York, depositary, that, sub'jecc to the above stock¬ holder?' approval of the increase-in capitalization, such share bonus wift. be distributed by it on Nqv, l7,,T949,J..to'.hdldefs of the American depositary receipts representing the .ordinary ', profit after taxes.... Capital shs,, outstanding $272,402 estimated I The fund vv'" !■• 1947 T; * be ican ceitificatcs, the 9 Mos. End. by shares " ; 1349 ;( Net the of than The company has arranged, subject purchase not are that company the $19r23 per sharei, after deducting cluding; the dealer managers' fees expenses which assumption sold the-dealers' to shares the on are sinking held, the cash voted at this time. This distribution will be made .stockholders of record Nov... 17,. Fractions will be paid to Weston the common will fupd, interest - each amount.—V. extend the upon approved standlpg. to usually 15 this \v*;! vary amount 161, p. sum^bf £7;500,000^ forming $2,241,474-; $^2,647,873 r"." scrip of the company from the sale of the additional shares offered '$795,371 $346;i87 income— director^ :,oThe warrants are exercised and upon the amount of com¬ missions the. company will be required to pay to dealers.. Also, there is no firm commitment on the part of underwriters or others to purchase p. 1,111,130 439,199; 1 metalicizing of rural V The proceeds, to the ."^76,038; ; 41,755 Alabama—Earnings u 1441. p. dividend conversion of three magneto exchanges to dial service magneto exchanges to common battery service. Estimated expenditures ot $70,000 for gas and water properties will be for general Improvements of the existing systems necessary to serve additional ,, of rail way for Dec. and; three to - $325,308 railway---^—' /:• 170, stock the customers'. Dec. $1 Extra Div.— extra an dividend an,,, extraordinary general" meeting hellS" on that the capital of. the compgny be creation, of 30,000,000 new ordinary shares of 5s, each, which will be Issued, to' holders bf the present outstanding 30,000,000- shares of-ordinary stock as a 100% stock diyfdend tq holders of.ordinary stock of record Nov. 11, 1949. ' Riy. oper. ..The for transmission and distribution lines, sub¬ Expenditures for telephone properties are $657,0C0 and are to be madp serve payable like of shareholders increased $3,059.7I1^^4;161,584 ■// approximately principally for extensions are- 476,073 . Westmoreland . also to expected 5% 503,988 for contingent charges, i.e., capital general' mortgage -4 V2 rU - income bonds, purposes.—V. 170, p. 1539. from —V. ; utility new - railway.--.-—'Net. ry.'Oper. .incomeii- , are from Net customers,>ince tl\e close of the war/ During the period to Aug. 3l!, 1949, gross expenditures. for property to An. extra declared quarterly w (F. W.) WOolworth & Co., Ltd., London, Engl&ndUOrdinary Shares Increased—To Pay 100% Stock Div.— $2,555,723' $3,685,511 $880,013" 42,886 38,612 . From Jan. 1-H ,\l Gross from railway approximately $2,893,000 is to be expended for electric properties, in¬ cluding "expenditures necessary for the completion by the end of 1949 of ^additional generating units at Ness City, Great. Bend, Dodge City and Phillipsburg, Kan., having a total capacity of 12,230 kilowatts,' and;,the, construction' by June, .1950, of a generating unit with a capacity, of 5.000 kilowatts at Concordia,, Kan. Substantial expendi¬ 3V2,7c $413,482 49,562 pii from Net, ry. . substantial a directors regular Sept. 3, 1948.—V. r was added. Additional growth of new customers in tne!ter¬ ritory Is anticipated for the immediate future/. The company estimates that gross expenditures for plant and property from Aug. 31, 1949 to Dec. 31, 1950 will amount to approximately $3,620,000. ,Of this amount First 49,426 September— 1 Gross 1948 amounted customers; t. $'830,587 L* income Wfest^rii ■ *!* wap the company has been "engaged in a large expan¬ the increasing' demands for utility, service in the service '»■ $360,451 and, other corporate to.meet program additions • Net FINANCING—Sincp . the 740,677 756,011 r-V 53,031 charges J reqiiirenien'tg , values.;?'!; used 98,938 'Amount available 12. communities in 8 The '! ' ... CONSTRUCTION from 122,043 ' income, • Fixed "/'I *' j. • .; ■•.V the JL2 months ended Aug. 31, 1949,, the company derived 67.5 gross operating revenues from electric operations, 22.5'//;from telephone^ 5-.2'r Trom natural gas; 1.7'* .fromwater, and XYJ* from ice. Opier^t.ons in the State of Kansas account for approximately 82, of the company s, total operating .revenues and p\'[i of property lines Dr) .,•;■* -Us tures $4,426,188 Nov,.,.,!! For from (net Tola!. incqme Misc. deductions companyralso jsuppllpdi .tqlpphpiie, customers the $'3,311,734 - to 47,078 "subscribers, iff 193. communities I and adjacent rural territory in \Lssouri,. Kansas; Oklahoma and llowa, as • well as natural gas tp 4,331 customers jn H. communities in Kansas, water to 3,979 sion $929,525 company service Nov. fjhare ,and,,the the,conunoq.,stock, botlv ry.,hper.i income-* Other is engaged principally in .supplying electric and tele¬ phone;'setvice. '.As of Aug. 3'if* 1949,. the^xompany supplied- electric service to 44.771 customers in 146 comqiuhitlies^ij Kansas and 12 com¬ munities in Missouri, as Well as in adjoirfingftfthil territory, 'The four largest cities sehrea are Great Bend.poftgq.Cfty, Liberal and Concordia','. Kaii. Electric energy is also supplied 'at wholesale to 13 municipalities in Kansas*. As ot, the same date the of -6n * . surviving the 878,250 Woodward Governor Co.—To Pay 954,369 1,517,8,71 915,840' ___—;— ,Net crit Aug.. 11, 1945,. of Western Light Power 121,279 J Harris, purchase such shares. BUSlNESS-^Company, is the merger, effective" Tejpphoaie Co. (Deb), into Kansas -T^e the 016.590 $7,814,268 • , h13Tdr^ 530,485 64,925 tax other Tents . BaU. ft CO. 937,119 1949.- ■ stock $5,110,512 113,623 i.*. Equip, and joint facility of Chicago. \uv> *: ■' " * <'> -"*•■■■ <■ ''■*■■■■■ paht of the 14,162 shares of common stock offered is being under¬ Company, however,*has. agreed to».*ell to Harris, Hall ft Co; (Ine.); at the subscription price to stockholders, any shares of such No $1,694,912 103,990 opers. T__ v,Ry. oper. incomei'-i.^-' ■k $482,494 ' & Trust Co. written. $775,682 124,273 ry. accruals— * '/ Bank fr. rev. tax Payroll Income On shares Nov. (no 4 a par) derson & Co., letter of notification stock, to Des Moines. be sold was filed la.—Filing— with the SEC at $27.50 each through T. Proceeds go to selling stockholder. for 1,000 C. Hen¬ 52 (1960) THE COMMERCIAL STATE AND & FINANCIAL CHRONICLE Monday, November 14,' 1949 CITY DEPARTMENT • ♦Hi! BOND PROPOSALS AND NEGOTIATIONS p ALABAMA the Bond <000 Sale Details—The natural purchased gas by exceeding $610,- about noted in . 3.31%, as 170 p. 1846, v. $264,000 J 31/2S. Due from - 3y4s. as 1967 Due to 1979 the to The Depart¬ bonds be furnished at the expense the School District, offered 1847—were inclusive. will Nov. 7—v., 170, awarded the to Wil¬ Torrington, Note Conn. SZlsinore Union High Sch. Bond bonds Sale—The offered 1742—were Due 1959 County (P. O. Riverside), Calif. Dec. 12 from 1950 to on inclusive. The second high¬ Wesley Hall & Co., price of 100.52. 7—v. for 170, 3s, at a Rosa Sch. Dists., Sonoma County (P. O. Santa Rosa), 1 the Bank of America National Trust & Sav¬ Calif. West Bond Offering — Walter H. ings Association, of San Francisco, as 2V4s, at a price of 100.01, a basis Nagle, Clerk of the Board of Su¬ about 2.24%. Dated Dec. 1,1949. pervisors, will receive sealed bids Due on Dec. 1 from 1950 to 1959 until 11.30 p.m. (PST) on Nov. 28 for the purchase of $890,000 not inclusive. to exceed 5% High Sch. Dist., Glenn County (P. O. Willows), Calif. Bond bonds Sale—The divided $111,000 as 2y4s. Due on Dec. from 1950 to 1965 inclusive. 24,000 2V2s. as Due Dec. on in from 1966 to 1969 inclusive. 1, 1949. The second highest bidder was Blyth & Co., for $77,000 as 2y4s, and $58,000 as 2.V2S, at a price of 100.06, a basis County Housing Authority, Calif. ' : awarded at Department of Water and Power electric plant revenue, Issue of registered 1949. 1949, bonds. coupon or Dated Denomination Nov. $1,000. 1, Due $500,000 on Nov. 1 from 1950 to 1989 inclusive. The bonds matur¬ ing on or after Nov. 1, 1955, or any at of them, may the be redeemed, Department, option of the Nov. 1, 1952, or on any interest payment date thereafter 10 maturity, at redemption price with respect to each such redeem¬ able bond equal to 100yt% of the principal amount thereof, plus y4 of 1% of such principal Tor each whole 12 months' and for any a amount period, remaining fraction of months' period, from the 12 ■date fixed for redemption to the maturity date of. such bond, but exceeding 103% of such prin¬ cipal amount. Such proposals not may specify one or more interest rates; provided, however, that interest which 1%; rate is not a provided, terest rates be shall specified • :n> on be specified multiple of further, no y4 that of in¬ the bonds shall not which would result in ' the & First be Cutler, furnished basis a of from 1950 to 1969 and 1974. 1, Jan.! 1950.' Principal 10 exceed 5% Dated %'% interest bonds, nomination $1,000. Dec. 15 from 1950 1, 1949. Dec. on 15, 1949. 1 Due from $350,000 1950 1969 to bonds. Dated Oct. 1949. Due April 1, as follows: $100,- : 000 from 1952 to 1, 1963 inclu¬ sive, and $80,000 in 1964. 3,639,000 capital improvement 1949 bonds. 1949. Due lows: Dated on Dec. 1, $182,000 from inclusive, 1968 Dec. and 1. fol¬ as 1950 to $181,000 in 1969. 450,000 hospital bonds. Dated Dec. 1, 1949. Due on Dec. 1, follows: to 1959 000 $22,000 from 1950 inclusive, from 1960 and to clusive. 1969 Series A military bonds. from 1950 to 1 in¬ . Dated 1, 1949. Due $300,000 on pay, Dec. on Dec. 1969 inclusive. 10,000,000 school, Series A bonds. Principal and interest (J-D) payable at the County Treasurer's Dated Dec. 1, 1949. Due $500,000 on Dec. 1 from 1950 to office. 1969 inclusive. sive. A certified check for 3% of the bonds, payable to the Chairman of the Board of Super¬ visors, is required. Jefferson * County Sch. Dist. No. (P• O. Golden), Colo. v Bond Offering—Mary Secretary of the Board I Mohler, of Educa¬ tion, will receive sealed bids until 8 p.m. (MST) on Nov. 15 for the purchase of $350,000 not to exceed 2%% interest building coupon bonds. Dated Nov. 1, follows: 1952; $14,000 $15,000 in $16,000 in 1955 in 1957 and and 1960; on in and and 1954; 1956; $17,000 1958; $18,000 in 1959 $19,000 in 1962; $20,000 in. 1963; Bank rate of ■ of the State 1961 and $21,000 in of name interest, expressed in a multiple of V4 of 1%. The ap¬ proving opinion of Reed, Hoyt & Washburn, of New York City, , will be furnished chaser. A $560,000, Treasurer, to certified payable is the (EST) purchase of the required. $58,000 City Clerk and Comptrol¬ ler, will receive sealed bids until (EST) purchase of services taxes 1964 and 1965; $22,000 in 1966 and registered 1967, and $23,000 in 1968 and 1969. ^nt. Bonds maturing in 1960 to 1969, to 000. J, due on Nov. 10 for the $750,000 revenue utilities coupon certificates. on Sept. 1, as or Dated 1949. Denomination follows: $50,000 as from 1951 $1,- follows: to 1957 interest any after said June on inclusive; payment or date respective dates. Prin¬ cipal and interest (J-D) payable County Treasurer's office. approving opinion of Chap¬ man & Cutler, of Chicago, will be furnished to the purchaser by the County. A certified check for $15,000, payable to the County Treasurer, is required. V the at INDIANA - Angola, Ind. Nov. on Bond $1,925,000 from 1955 to 1959 $66,000 from 1960 to inclusive; $68,000 from 1964 1963 to 1969 1970 inclusive; $72,000,, from inclusive, and $74,- to Sale—The 1 $65,000 ! water 000 the — awarded Corp., 1950 in 1975 First to 1979 inclusive. National Bank, of At¬ to Clinton County cost A $38,500, payable Board 1634 p. of the to certified to pur¬ check the Education, is for County & (EST) pm. Nov. on 15 for the purchase of $325,000 23/4% school registered bonds. Dated Nov. 1, 1949. Denomination $1,000. Due Jan. on 1, $11,000 from 1951 sive, and $12,000 inclusive. terest to follows: as 1973 from inclu¬ 1974 to Principal and in¬ (J-J) payable at the Trust Company of Georgia, Atlanta, other be chaser. in designated Atlanta 101.26, 1 from -, ^ $600,000 awarded to the by the of Atlanta, to the will purchaser be fur¬ $6,500, payable to the Board of Education, is required. " - IDAHO Bannock County (P. O. Pocatello), Idaho Bond Offering — Anna Keefe, County Clerk, will receive sealed for 10 the a.m. (MST) on Nov. purchase of $550,000 not to exceed 3% bonds. Dated interest hospital Oct. 1949. 1, nomination $1,000. Due follows: on $20,000 from 1951 inclusive; $30,000 from to 1964 inclusive and to 1969 and interest County De¬ Oct. 1, to 1958 $40,000 from inclusive. Principal (A-O) payable at the Treasurer's office, or 20, 1949. Due 1950 to .. Note Series July on 1965 inclusive. ' > • •• . • ■ • • 'r1 • ; Sale—The notes $273,000 offered Nov. 11th 3 were awarded to the Chemical Bank & Trust Co., of New York, and As¬ sociates, at 0.82%. Dated Nov. 29, 1949. Due on Dec. 1, 1950. \ Madison, Ind. Bond Offering — Catherine E. Widman, City Clerk, will receive sealed bids until 2 p.m. (CST) purchase of $300,000 not to exceed 4% inter¬ on Nov. pon without A certified check for and Wayne Housing Authority, Ind. est pur¬ Chicago, Fort as approving opinion of Sibley, Troutman & of basis of about 1.34%, a _ or The Spaulding, Kelley, nished bank Co., Dated Oct. required. (P. O. Griffin), Ga. Offering — B. C. Alliff, Secretary of the Board of Educa¬ tion, will receive sealed bids until 1965 were — Trust of Bond "1957 Sale—The hos¬ pital bonds offered Nov. 7—-v. 170, Spalding County, County Sch. Dist. as (P. O. Frankfort), Ind. Bond without nished cost. July 1 from on inclusive. Goldman, Sachs & Co., of New York, jointly, as l%s, at a, price chaser. such 1971 Continental Illinois National Bank approving opinion of Spaulding, Sibley, Troutman & Kelley, of Atlanta, will be fur¬ 1979 the City Securities Indianapolis. Dated The lanta. 3 to of 1974 bids until 10 a.m. terest Aug. 1, 1949. Due 30 Certificate Offering— L. Press- (CST) 1954; for State Lakeland, Fla. grove, 2% coupon bonds. Dated Nov. 1, 1949. Denomination $1,000. Due on Nov. 1, as follows: $25,000 in 1950; $52,000 from 1951 to pur¬ check to FLORIDA Nov. 1, 1951 1953 and Farmers 1949. ' De¬ nomination $1,000. Due as Denomination $1,000. Principal interest payable at the and the the a.m. purchase of juvenile detention works revenue 1949 bonds offered Nov. 4 v. 170, p. 1643 — were may Delaware, Dover. Bidders to COLORADO for a.m. coupon or 1 6,000,000 veterans' $23,- inclu¬ 1974 until 11 Principal and interest payable at 1,280,000 highway refunding 1949 De¬ $1,000 fol¬ as inclusive. building Due to divided or bids 10 the K inclusive; Dec. Nov. $25,000 not interest Dec. coupon $7,000,000 highway improvement 1949, Series A bonds. Dated sealed on 22 lows: as receive 15 for the purchase of bonds. 2 registered Hallowell, (PST) a.m. 1 the Calif. County Clerk, will until ex¬ ,t interest Nov. for Secretary of the County Board of Education, will receive sealed Mc¬ for to 1968, $16,000 in 1969 1970, $17,000 in 1971 and 1972, $18,000 in 1973, and $21,- bids until 22 The County, County Sch. Dist. (P. O. Decatur), Ga. Offering—J. D. Cherry, ? purchase of $23,369,000 not to on re¬ Bond ceed in sealed is DeKalb (EST) bids until , 2% GEORGIA in¬ p.m. Ventura), to for J. coupon bonds. Dated Dec. 1, 1947. Denomination $1,000. Due on Dec. 1, 1957; $350,000 thereof optional at par and accrued in¬ will ■..■V-;.'/' . Due 1969 DELAWARE Chicago, the purchaser. A Michael — home on about Dated Nov. 15, 1949. 15 of to check 22 on prior 100.64, City sealed 1 man p. bids Nov. on 21£% school Bond Offering—L. E. 15 lor the purchase of $20,000,000 not to exceed 4% interest awarded to 170, Offering $400,000 July 1 from 1951 to 1964 Optional July 1, 1954. approving opinion of Chap¬ receive Elementary School District, Ventura County (P. O. the Nov. 7—v. Delaware (State of) Bond Oriermg—Jtiarris B. 1958, Summit William Street, New York, N. Y., on Nov. sealed on clusive. Board of Supervisors, is required. Corporate Trust Dept. of the Na¬ tional City Bank of New York; 22 Bond on (EST) p.m. County (P. O. Chicago), III. Flynn, County Clerk, will receive The $934,000 school Cooley & Co., of jointly, as IV2S, at a of Nov. on tified check for 10% of the bonds, payable to the Chairman of the Offering—Joseph L. Wil¬ liams, Secretary of the Board of Water and Power Commissioners, will receive sealed bids (EST) and (J-J) payable at the County Treasurer's office. A cer¬ Angeles, Calif. certi¬ inclusive. quired. price fol¬ as Due Dowell, Jr., Secretary of the State, Dated and Bond ILLINOIS Cook Nov. 29 for the purchase of $100,000 water revenue certificates. & will 000 in ,- & a.m. 1957 1965 to the Central Hanover Trust Co., of New York, 0.79%. Dated Nov. 29, 1949. Due on Dec. 1, 1950. without cost. A certi¬ fied check for 5% of the bid, pay¬ able to the County, is required. Trust the receive 7:30 on purchaser pay¬ A held Oct. 18, ■ 1949. opinion of Persh¬ ing, Bosworth, Dick & Dawson, of Denver, will be furnished to the bid, City, is required. will until certified and —- 10 1, bids Hartford, Dis¬ bonds. Due Jan. 1, as follows: Kern until School $10,000 in 1950, $11,000 in 1951 to 1953, $12,000 in 1954 to 1957, $13,000 in 1958 to 1961, $14,000 in 1962 to 1964, $15,000 ■of about 2.41%. Los Elementary in Dated Dec. Bank 1743—were 1.43%. 1970, $26,000 1971, $27,000 in 1972 and 1973, and $32,000 in 1974. 350,000 High School District 1 at cost. 2%- of to the Commission Hartford, Conn. offered for 000 1 ' Note election ox interest without $20,000 in 1959 and 1960, $21,000 in 1961 and 1962, $22,000 in 1963 and 1964, $23,000 in 1965 and 1966, $24,000 in 1967 and 1968, $25,- Sale The $425,000 9th Series notes offered Nov. 3 were and Irving Trust Co., New York The approving interest, Manufacturers check Boston Corp. and $17,000 in 1952 and 1953, $18,000 in 1954 to 1956, $19,000 , follows: as inclu¬ Pompano Beach, Fla. Certificate Offering—The lows: $16,000 in 1950 and 1951. ings Association, of San Francisco, at a price of 100.11, a basis of 2.31%, bonds interest school bonds trict bonds. Due Jan. $135,000 school Nov. 7—v. 170, p. 1540—were awarded to the Bank of America National Trust & Sav¬ the payable 170, p. 1743— Day, Stoddard & Bond Sale—The follows: as $540,000 offered about Nov. awarded to highest bidder was Estabrook Co., at 0.86% interest. Santa p. to Hamilton Union at fied Williams, of New Haven, at 0.82% interest. Dated Nov. 8, 1949. Due on May 8, 1950. The second est bidder was $100,000 school Nov. awarded City, at the holder's option: These bonds were, authorized at the 1975 to 4—v. were Dist., Riverside Principal purchaser fered at the Co., New York City. The approv¬ ing opinion of Caldwell, Mar¬ shall, Trimble & Mitchell, of New York, will be furnished to the $300,000 First anticipation notes of¬ 1950. CALIFORNIA 1952; 1954; multiple of a able Sale —The District tax in in the rate of in 1%. CONNECTICUT Co.; of Los Angeles, as 2%s, at a price of 100.13, a basis of about 2.73%. Dated Dec. 12, 1955 name expressed to p. liam R. Staats Dated Nov. 1, 1949. ders to purchaser of tin* District. A certified check for 5% of the bonds is required. San 1951; $60,000 1953; $70,000 sive; $80,000 in 1953; $90,000 in 1959, and $110,000 in 1960. Bid¬ County Treasurer's office. Denver, in in $75,000 from approving opinion of Persh¬ Bosworth, Dick & Dawson, ing, of Diego County (P. O. San Diego), Calif. Bond Sale—The $60,000 school 1 the at for payable 1 Nov. on certified, check quired. sold Nov. on A $50,000 $65,000 interest date thereafter. Prin¬ cipal and interest (M-N) payable any Water and Power, is re¬ from 1952 to 1966 inclusive. -346,000 be redeemable at the option of the District on Nov. 1, 1959, or on The annum. $40,000, Pauma as per ment of previously were 4% furnished. follows: as incurred of O'Melveny Myeis, of Los Angeles, will be & & Co., of Kew York, and Associates, on a bid reflecting a net interest cost of be to cost approving opinion bonds revenue Shields interest cnrough the issuance of the bonds Jasper, Ala. 18 for the sewage works revenue bonds. Dated Dec. cou¬ 1, 1949. Denomination $1,000. Due $3,000 $4,000 July 1, 1952, $4,000 Jan. and July 1, 1953;; and 1954, $4,000 Jan. and $5,000 <fuly 1, 1955, $5,000 Jan. and July 1, Jan. and 1956 and 1957, $5,000 Jan. ..and $6,000 July 1, 1958 and 1959, $6,000 Jan. and July 1, 1960, $6,000 Jan. and $7,000 July 1, 1961 and 1962, $7,000 Jan. and July 1,., 1963, $7,000 1964 Jan. and and $8,000 1965,1 $8,000 July 1, 1966 and and $9,000 July Jan. and $9,000 July Jan. 1971 and 1972 and deemable and 1967, $8,000 Jan. 1, 1. 1968, 1969 and $9,000 and $10,000 1970, July'l, $10,000 Jan. and July 1, 1973. at City, in whole inverse July. .1, Jan,; All the or bonds option are re¬ of the in part, in their numerical order, on any interest payment date after issu¬ ance, the at face value, together with following premiums: 8% if Volume 170 redeemed on Number 4855 before or Jan. THE COMMERCIAL vV 1, M " & " ■ FINANCIAL ,***>-- *' +•> _ ' CHRONICLE \ * . if redeemed 6% nished fied on New kens, purchaser. A certi¬ for Albany Sch. City, Ind. Offering—H. Scott Pic¬ Secretary School the of Trustees, Board will of receive .sealed bids until 0 p.m. (CST) on Nov. 22 for the purchase of $250,■000 not to exceed building of 1949 3% interest bonds. Denomination $1,$7,000 on July 1, 1950; .■$6,000 on Jan. 1 and $7,000 on -July 1 from 1951 to Jan. 1, 1968 $3,000 and Bidders to ;I969. intrest, of July on I, the rate of name expressed in a multiple The approving opin- to 4% before Jan. out payment .A certified able check for $2,000, pay¬ the to School quired. City, is re¬ of the District (P. O. Westport), Ind. $63,350 bonds Bond Sale—The offered Nov. 5 awarded were Note basis of about 1.64%, as follows: a :$35,500 Sch. Twp. bonds. Denomi¬ nation $500. $1,000, except Due $500 July from 1 for July 1, Jan. 1 and to Jan.' 1, on .1951, and $1,000 .. one on 1952 1969. 27,850 Civil Twp. bonds. De¬ nomination $500, except one for $350. Due $350 on July 1, 1951; $1,000 on Jan. 1 and $500 on July 1 from 1952 to ' Jan. 1968 inclusive, and Jan. 1 and July 1, 1, $1,000 on Series Dated Dec. 1, 1949. Legality ap¬ by Miller, Ross, McCord, of Indianapolis. Ice The & sec¬ ond highest bidder was Westport Union Trust Co., Westport, for l34s, at price of 100.26. a Sold—An issue gymnasium of $20,- construction foonds has been sold to Wheelock -& Trust Cummins, of Des Moines, as 2s, at a price of 100.71. 29, 1950. interest cost of about 2.89%. Dated Feb. 15 from ^.92%. tric Sale—The light bonds and offered to 1974 on 1, 1949. Due Bond to to 1 1 Due $5,19501 to from .lf # 25,000 trunk Oct. on bonds." sewer 1, as 1950 from to follows: 1954 Du«> $3,000 inclusive, and $2,000 from 1955 , 195fr to inclusive.Dated Oct. 1, 1949. Denomina¬ tion $1,000. Principal and interest payable at the First National Bank, of Boston. Bidders to name the rate of interest, expressed in a multiple of va of 1%. The approv¬ ing opinion of Storey, Thorndike,. Palmer be & Dodge, of Boston, will furnished to the purchaser. A check for 1% of the- certified bonds, payable to the city, is quired. re¬ . ' ' ' ' * 4 MICHIGAN Albert Township School District Lewiston), No. T. U. (P. O. Michigan name Bond a Offering —Mary on Nov. 24, in a single ■ O, callable. * Bond E„ Cal¬ Town (EST) chase of divided Bidders to the rate of in¬ name terest, expressed in multiple of Principal and interest 1%. of a bids Nov. on 14 Dec. 1, from 1950 1960 on $25,000 inclusive, 1958 elec¬ revenue 170, p. Juran & Bond of the Sale from 1951 inclusive. Dated Postponed—The sale bonds. 1* from $887,000 not to exceed 2% bonds, originally sched¬ interest uled for Nov. 7 has been Dec. to 1, 1949. $1,000. Bidders to of interest, va name 1/10 or the in expressed of on a were 9—v. 170, 1848— awarded to the Harris Trust p. Quincy Housing Authority, Mass. Note Offering—Louis A. George, & or as called for follows: for re¬ prior to July prior to July 1, 1956; $5 or out bond called for redemption July 1, 1956, but on or prior to July 1, 1958; and no premium, shall be paid on bonds called for redemption after July ; 1^ 195& Boston. Nov. premium a bond on after or after post¬ Principal and interest payable in The approving opinion Chelsea, Mass. Storey, Thorndike, Palmer & of Boston, rwill be fur¬ Bond Sale—The $319,000 transit Dodge, assessment loan, Act of 1949 bonds nished to the purchaser. date on and accrued fixed for re¬ redeemed so each on each 1%. of offered the par lr 1954; $10 on each bond called for redemption after July 1, 1954, but Denomina¬ , Additional Sale—The $98,500 tax bonds offered on same date were at plus $15 1979 District, in in¬ on any in¬ date interest to demption rate of 1953, each bond Due $5,000 1950 tion multiple the payment July 4, 1959 to 1969 be redeemed at may demption, sewer Dec. on Mass. 1964 numerical order terest inclusive. 150,000 to option of verse follows: to and $4,000 from 1958 to inclusive. Bonds maturing in 1964 bonds, Due 4% clusive the bonds. as exceed Dec. on of $50,000 net interest building: 1951; $3,000 from 1952 to 1957 in¬ pur¬ coupon $20,000* from and re¬ p.m. the for 2 follows: $445,000 school payable in Boston and New York. until $595,000 as Mack¬ Treasurer, will sealed to (EST) coupon ■ Offering—Arnold intosh, ceive Mass. bids until 8.30 p.m. 7 for the purchase inclusive. 7—v. Nov, Bidders to Oct. on 1959 inclusive. » interest, expressed in Needham, be Brookline, water awarded Due 1964. piece for the entire amount in fully registered form. Non- Moody, of St. Paul, on a bid re¬ poned. flecting a net interest cost of about 2.78%. and cessful bidder. $200,000 Nov. 000 Principal and interest payable at the National Shawmut the rate of Due bonds. Dated Oct. 5, 1949. Denomination $1,000. Due on July 1, as follows: $2,000 in 1950 and 1963 Rayville, La. Bond Dated price of 100.29, a 50,000 sewerage bonds. inclusive. Bank of Boston. C. bonds. The approving opinion of Ropes, Stubbs, Smith Gray, Best, Coolidge & Rugg, of Boston, will be furnished the suc¬ was basis of about a Nov. accrued bonds. sewer Oct. 1 from 1950 tf> 1959 inclusive. ' on lers, Secretary of the Board of Education, will receive sealed! 1950. Vs 1950 to 1969 inclusive. The second Lombardo, at Series Dec. — & $17,000 1959 Medford, Mass. 297,671.65 Series D bonds. Dated , ing and equipment bonds offered Nov. 3 v. 170, p. 1541 — were awarded to Volz, Caswell & Co., of San Antonio, at a price of 100.02, on a bid reflecting a net highest bidder on any 1950 to 1959 inclusive. 170,000 trunk 1949. to 1951 1950 in Nov. Sale—The $200,000 build¬ on 1 from to 1, 1949. Denomination multiple of lA of 1%. The approv¬ $1,000. Due $13,000 on June 1 ing opinion of Storey, Thorndike, and $14,000 on Dec. 1 from Palmer & Dodge, of Boston, will 1950 to 1962 inclusive, and be furnished to the purchaser. $13,000 on June 1 and Dec. 1 (P. O. Lake Charles), La. Aug. 15, 1949. Due on Dec. were Calcasieu Parish Sch. Dist. No. 21 Bond on Nov. inclusive. 1953 house Bidders to name the rate of inter¬ est, expressed in a multiple of V* 1%. Principal and interest. (J-J) payable at the Lewiston Bank, Lewiston. The approving opinion of Miller, Canfield, Pactor Savings Bank, of Chicago, and Chairman, will receive sealed bids a net interest cost of about .288%, Chace, Whiteside, Warren & Sears, at the office of the State Housing as follows: of Boston, jointly, as W2S, at a dock & Stone, of Board, 18 Tremont Street, Boston, Detroit, will be price of 100.80, a basis of about $57,000 street improvement, Series until 11 a.m. (EST) on Nov. 17 for furnished to the purchaser with¬ Dated Nov. 1, 1949. A bonds. Due on Nov. 1 from 1.34%. Due the purchase of $4,400,000 Second out cost. A certified check for $I,~ on Nov. 1 from 1950 to 1959 in¬ 1951 to 1969 inclusive. Series notes. Dated Nov. 28, 1949. 000, payable to the District Treasr14,000 police station and public clusive. Due on Nov. 28, 1950. Principal urer, is required. Bonds are dated Nov. 1, 1949. rest room, Series B bonds. and interest payable at such bank Carmel and Eaton Due on Nov. 1 from 1951 to Denomination $1,000. Due on Nov. Twp. and City or trust company as the purchaser of Charlotte Frac. Sch. Dist. 1969 inclusive.. 1, as follows: $32,000 from 1950 to designates. The approving opinion No. 1 (P. O. 1958 inclusive and $31,000 in 1959. Charlotte), 12,500 public park, Series C of Sullivan, Donovan & Heenehan, bonds. Michigan > Due on Nov. 1 from Principal and interest payable at of New York City, will be fur¬ the National Shawmut 1951 to 1969 inclusive. Bond Sale—The $390,000 builctBank, of nished by the Authority. Boston. Legality approved by 15,000 municipal stadium, Series ing bonds offered Nov. 3 were D bonds. Due on Nov. 1 from Storey, Thorndike, Palmer & Webster Housing Authority, Mass. awarded to Stranahan, Harris & 1951 to 1969 inclusive. Dodge, of Boston. Co., Inc., and Watling, Lerchen & , Oskaloosa, Iowa Bond Dec. 1, on 3 Hanover Dated or interest date. Co., of New York, interest. Due; Nov. Central to Barcus, Kindred & Co., of Chicago, on a bid reflecting Alpha School District, la. 000 1949. the 1974, 403,000 8th awarded IOWA Bonds & $581,000 offered to 0.77% The — notes 1541—were ;;; 1969. proved Sale awarded to •George F. Redelman, of Greensburg, as l3As, at a price of 101.006, 25, Alexandria Housing Authority, La. at Sandcreek Twp. -< ■( LOUISIANA Bank •' ■ ■ by the city. A certified check for $500 is required. City. Due 1, $3,000 inclusive, addition Due $30,000 on Oct. 1 bonds. awarded to the Lee Higgin¬ Corp., Estabrook & Co., R. L. Day & Co., both of Boston, and Blair & Co., Inc., jointly, as IV4S, at a price of 100.19, a basis of Dated Nov. 1952 school son 1.21%. to follows: $2,000 from from were about as inclusive. 300,000 Bond Offering—Ralph W. Wat¬ Series B bonds. Dated son, City Treasurer, will receive 25, 1949. Denomination sealed bids until 11 a.m. (EST) on $1,000. Due on Nov. 25, as fol¬ Nov. 15 for the purchase of $509,lows: $102,000 from 1950 to 000 transit assessment loan, Act of 1978 inclusive, and $4,692,000 1949 coupon bonds. Dated Nov. 1, in 1979. Bonds maturing in 1949. Denomination $1,000. Due 1979 will be subject to re¬ on Nov. 1, as follows: $59,000 in demption as a whole at the 1950, and $50,000 from 1951 to 1959 option will be furnished to the purchaser will be furnished and bonds. '* Rpe sewer 1, 1950 from Nov. inter¬ redemption there¬ after. The approving opinion of Chapman & Cutler, of Chicago, ioii of Ross, McCord, Ice & Miller, of Indianapolis, additional trunk Oct. on , $7,650,000 1, 1965, and with¬ of est if called for of 1 %, .at the expense of the School 23,000 , amount an inclusive. of the principal if Dated Nov. 1, 1949. redemption on or before Jan. 1, 1956; 3% of such principal Boston Metropolitan District, Mass. amount if called for redemption Bond Offering—Henry G. Gomthereafter and on or before Jan. 1, 1959; 2% of such principal amount perts, Chairman of the Board of if called for redemption thereafter Trustees, will receive sealed bids until 11 a.m. (EST) on Nov. 21 and on or before Jan. 1, 1962; 1% for the purchase of of such principal amount if called $8,350,671.65 for redemption thereafter and on bonds, divided as follows: equal or Dated Due inclusive, ' called for Nov. 22, 1949. •000. * 1, $3,000, payable to the City, is required. Bond * " «C»- Jan. in the to check after before Jan. or " 53 (1961) <Vi| KENTUCKY 1, as follows: $8,000 from 1950 tq MASSACHUSETTS "" * ~ \ 1954 inclusive, and $7,000 from Princeton, Ky. Attleboro, Mass. Bond Offering—Garland 1955 to 1964 inclusive. Principal QuisenBond Sale—The 1961; 4% if' redeemed after Jan. $392,000 bonds and interest berry, City Clerk, will receive offered Nov. 9—v. payable at the Mer¬ 1, 1961, and on or before Jan. 1, 170, p. 1848— chants National sealed bids until 7 p.m. (CST) on were awarded to Lee Bank, of Boston. 1966; 2% if redeemed after Jan. Higginson Bidders to name the rate of in¬ Nov. 14 for the purchase of $21,1, 196S, and prior to maturity; Corp., Blair & Co., Inc., and Rock000 water works revenue bonds. land-Atlas National Bank, of Bos¬ terest, expressed in a multiple of plus in each case interest to the Dated Jan. 1, 1949. Denomination 1/4 of 1%. The approving opin¬ .date fixed for redemption. Prin¬ ton, jointly, as l^s^at a price of ion of Storey, Thorndike, Palmer $1,000. Due $7,000 Jan. 1, 1971 to cipal and interest (J-J) payable 100.57, a basis of about 1.42%, as & Dodge, of 1973, optional for redemption by Boston, will be fur¬ sX the First National Bank, Madi¬ follows: the city prior to maturity on any nished to the purchaser. son. Bidders to name the rate of water bonds. Due on interest payment date on or after $292,600 interest, expressed in a multiple Jan. Nov. 1 from 1950 to 1964 in¬ Maiden, Mass. 1,1953, with a stipulation that Bond Sale—The $533,000 transit o£'% of 1%. The approving opin¬ the city will clusive. pay the holder of any ion of Ross, McCord, Ice & Mil¬ assessment loan, Act of 1949 bonds 100,000 school loan bonds. Due of such bonds thus redeemed ad¬ ler, of Indianapolis, will be fur¬ ditional on Nov. 1 from 1950 to 1969 offered Nov. 9—v. 170, p. 1848— interest 1956; 1, 1956, and r Offerin g—Laura H. < , Spooner, City Clerk, will receive .sealed bids until 4:30 p.m. (CST) -on Nov. 14 for the purchase of $51,000 bonds, street divided follows: .■ '• as ■ $15,000 construction bonds. Due $5,000 on Nov. 1 from 1951 to , Note Offering—John N. Barmby, All the bonds , 1949. 1953 inclusive. , . $4,000 on Nov. 1, The 1949. ap¬ proving opinion of Bannister, Car¬ penter, Ahlers & Cooney, of Des Moines,r will be furnished to the purchaser. J , ; • ■ . Bond Sale—The $45,000 city hall bonds 1643—were Des Nov.. 7—v. offered awarded Moines to National 170, p. the Iowa Bank & Trust Co., of Des Moines, as l%s, at price a about Due on was 100.08, Dated Nov. 1 inclusive. der of 1.23%. from a basis of Oct. 1, 1949. 1951 to 1959t The second highest bid¬ Otis & Co., for IV4S, at a price of 100.07. Offering Chairman, will receive sealed bids until 11 a.m. (EST) on Nov. 17 for Mass. Raymond M. the Davis, City Treasurer, will receive — sealed bids until 11 (EST) on Nov. 15 for the purchase of $369,Hagerstown, Md. Bond Sale—The $1,500,000 mu¬ 000 transit assessment loan, Act of nicipal electric light plant im¬ 1049 coupon bonds. Dated Nov. 1, provement, Series 3 bonds offered 1949. Denomination $1,000. Due Nov. 9—v. 170, p. 1644—were on Nov. 1, as follows: $44,000 in awarded to a syndicate composed 1950; $40,000 in 1951 and 1952, and of Lehman Brothers, C. J. Devine $35,000 from 1953 to 1959 inclu¬ Co., Kean, Spencer, la. Everett, Bond MARYLAND & . ' - 1, > Due May 1 from 1950 to '1958 inclusive. Dated dated Nov. .• 36,000; improvement bonds. . are R. W. Taylor Pressprich & Co., & Co., all of New York, and the Union Trust Co. of Maryland, of Baltimore, at of 100.08, as a price follows: $245,000 a as basis of about 1.53%, as Due on VAs. Due from 1955 to 1961 740,000 as purchase Series notes. of $317,000 First Dated Nov. 28, 1949. on Nov. 28, 1950. The approv¬ ing opinion of Sullivan, Donovan & Heenehan, of New York City, will be furnished by the Authority. IV2S. Due inclusive. on Nov. from 1962 to 1969 inclusive. Dated Nov. 1, 1949. as from 60,000 The 1951 — on (EST) chase bonds. sealed on of bids Nov. 15 $110,000 Dated Nov. nomination $1,000. until for 11 a.m. pur¬ water coupon 1, 1949. Due on De¬ Nov. 1, 1950 sewer as to bonds. follows: 1956 „ Due $13,000 inclusive, and $12,000 from 1957 to re¬ the Oct. from W. Francis Shields, Town Treasurer, will ceive 1 1951 1955 as April 1 inclusive. ! on to 1954 iv2s. Due to April I on 1963 1%'s. Due 1964 and Bond Offering—Harold J. Tuni- 127,000 trunk Bond Offering 1 230,000 Worcester, Mass. Lee, Mass. Nov. , l3As. Due as from on 1965. inclusive. April 1 in ' , second highest bidder wasson, City Treasurer, will receive Braun, Bosworth & Co., Inc., ami sive. Principal and interest pay¬ sealed Paine, Webber, Jackson & Curtis, bids until 11 a.m. (EST) on able at the National Shawmut Nov. 15 for the purchase of $833,- jointly, for $250,000 as IV2S, amt Bank of Boston. Bidders to name as 000 coupon bonds, divided as fol¬ $140,000 l3/4s, at a price of the rate of interest, expressed in a 100.20, a basis of about 1.62%. lows: 1 multiple of % of 1%. The approv¬ Bonds are dated Nov. 1, 194& ing opinion of Storey, Thorndike, $100,000 water bonds. Due $10,000 Denomination $1,000. Due on on Oct. 1 from 1950 to 1959 Palmer & Dodge, of Boston, will April 1, as follows: $25,000 from inclusive. Nov. 1 from on $100,000 Due be furnished to the purchaser. 4s. 1950 to 1954 inclusive. 515,000 a.m. Co., both of Detroit, jointly, on » reflecting a net interest cost 1.58%, as follows: bid of about 1959 inclusive, 38,000 on trunk Oct. from and 1, to 1962 $30,000 from sive. Bonds as bonds. follows: Due $4,000 1950 to 1957 inclusive, $3,000 in 1958 and 1959. 1965 maturing in and inclu¬ 1955 to 1965, may be redeemed at the op¬ tion of the District in inverse nu-* merical order sewer inclusive 1963 to ment date 1954, at on on any or interest pay¬ April 1, after and accrued interest to the date fixed for redemption^ plus a par premium for each bond so ' 54 (1962) redeemed as bond called THE follows: $20 each on Dated for'redemption prior redemption on or after April 1, 1958, but prior to April 1, 1960; $5 on each demption bond called for re¬ on or after April 1,1960, but prior to April 1, 196*2, and no premium shall be paid on bonds called for redemption on or after April terest 1, 1962. Principal and in¬ (A-O) payable at a bank or tru§t company designated by the purchaser. " Legality approved by Miller,' Canfield, Stone, of Detroit. Paddock & Detroit Housing Authority, Mich. Note Sale—The $14,595,000 notes Oct. 1, 1949. The second highest bidder was First of Mich¬ igan Corp., for $154,000 as 2%s, to April 1, 1956, $15 on each bond called for redemption on' or after April 1, 1956, but prior to April 1, 1959; $10 on each bond called for COMMERCIAL and $86,00Q as 3%s, on a bid re¬ flecting a net interest cost of about 2.88%.' " ' Fort Gratiot Twp. Unit Sch. Dist (P. O. R-6, Port Huron), Mich. Bond Offering — Geraldine I. French, Secretary of the Board of Education, will receive sealed bids until 8'p.m. (EST) on Nov. 14 for the purchase of $125,000 not to exceed 4% interest school coupon 1949. Denom¬ ination $1,000. Due on May '17 as follows: $6,000 from 1950 to 1952 3 awarded were are FINANCIAL dated CHRONICLE Nov. 15, 1949. $1,000 and $500. maturing in 1951 to 1959, be redeemed at the option Monday, November 14, 154 MONTANA of Denominations Anaconda Bonds may infprpS to Note Sale—The $368,000 9th Se- riatP T™St Co., Of New York, and As- accrued in redemption Nov proved by Miller, Canfield, Pad¬ dock & Stone, of Detroit. '' V City, Mich. Sale—The3'' $16,000 gutter special \ Dec Qn water bonds. ^ 1950 registered bonds, $365,000 genera 1 bonds. Due $10,000 from 1962 to 1964 inclu¬ years for 2s, at a' price of par. "' Bond are dated Nov. 1, 1949- De¬ nomination $1,000.' Due $4,000 1956 to 1960 Will lows: $35,000 in 1950; $50,-OO 1951 to 1954 inclusive $25,000 from 1955 to 1957' in Due be elusive; $30,000 in on re¬ an Due $2.00' on June 1 fiom 1950 to 195 inclusive. ' , Dated tion Principal ahd interest (M-N) pay¬ dates occur in the years 1961 to able at the City Treasurer's Qffice. 1970 will be ' redeemable at any one or more interest pay¬ Legality approved par, by Miller, Can* ment dates on and after at the option of the City, pn Jan. May 1, field, Paddock & Gated Nov. 29, 1949. Due on Stone, of Detroit. 1953, at par and accrued interest. 1, 1960, and any interest payment May 26, 1950. Washtenaw Principal and'interest (M-N) pay¬ date thereafter. Principal and in¬ County (P. O. able at the "Michigan Detroit, Mich. finn Arbor), Mich. National terest payable at such banking Bond Offering—John N. Daley, Bank/ Port Bond Huron/ ' Bidders to Sale—The $80,000 road institution or institutions as shall City Controller, will receive seal-' name the rate of interest, ex¬ equipment revenue bonds offered; be satisfactory, to the purchaser ed bids uptil 10 a.m. (EST) on pressed in a multiple of Va of 1%. Noy: 4 were awarded to tyatling, I and the; City Council. ?he apNov. 15 for the purchase of $860,-' The approving Lefchen & Co., of Detroit, as 1 %s. Opinion of Claude | proving opinion of Dorsey, Col000 opt to exceed 3% interest H.' Stevens, Of Berry, Stevens, street epd alley paving, special' Barbier & Evely, of Detroit, will assessment, Series P coupon bonds. be furnished to the purchaser at Dated Sept. 1, 1949. Denomination the expense of the District, A cer¬ highest bidder was Jones B. Shan¬ for $10,GOO, payable to the City $1,000. Due $215,000' on Sept. 1 tified check for $2,500, payable to non & Co., for 2V4S, plus 4% to Treasurer, is required. / ' j front 1951 to 1954 inclusive. Prin¬ the District Treasurer, is required. May 1, 1950. / ./•' cipal and interest (M-S) payable NEBRASKA '/// A;? Wyandotte Sch. Dist., Mich, r Gogebic County (P. O. V'/ at the current official bank of the a:;.'!.v. Note Sale—The $177,000 tax an¬ Bessemer), Mich. Loup River Public Power District City, in Detroit, Chicago, or New Note Sale—The $50,000 tax an¬ ticipation notes offered Nov. 7— York City." Bidders to name the (P. O. Columbus), Neb. f ticipate potes offered Nov. 8— v. 170, p. 1849—were awarded to Bond Offering—Ed Kelly, Dis¬ rate * of' interest, expressed in a v. 170, p. 1848—were awarded to the Wyandotte Savings Bank, at trict Secretary, will receive sealed multiple of V\ of 1%. The approv¬ local banks, at 4% interest. Dated 11/4 % interest. Dated Nov. 10, bids until 10 a.m. (CST) on Nov. ing opinion of Miller, Canfield, Nov. 8, 1949. Due on Jan. 15,1950. 1949. Due on May 10, 1950. 22 for the purchase of Paddock" & $14,700,000 Stone, of Detroit, Dec. 1, 1949. Denorpipa Principal an$ in $1,000." terest (J-D) payable at tbe Hempstead National Pank, on 2,650,000 88th Series notes. 1958, $25,000 in 1950. 20,000 water bonds. deemable kt par, at the'option of the City, on Jan. 1, 1955, and any interest payment date thereafter. Bonds whose ^stated maturity Nov. 1 from 1950 to 1953 inclusive. improvemen June 1, as fol on from inclusive; $7,000 from 1953 to 1955 price of $20,000 on Jan 1 from 1951 to 100.08, a 'basis of about 1970 inclusive. inclusive; $8,000 from 1956 to 1958 1.46%. The second Bonds whose highest bidder inclusive; $9,000 from 1959 to 1961; was the stated maturity dates occur in the Traverse City State Bank, to as' fol divided lows: Dated Jan. Denomination $1,000. J95 bids until 2 p.m. (EST) on Nov. 1 the purchase of $385,00$ no exceed 4% interest coupon o M. Settles, receive sealed revenue 1950. Nov. from for Clerk, will bids until 10'Yr.m. (MST) on Nov. for the purchase of $400,000 Paine, Webber, Jackson & Curtis, of Chicago, as lV2s, at a 1 1959 inclusive. 26 to Dated Nov. to Offering—Nina City curb assessment bonds offered Nov. 7 were award¬ ed Due Helena, Mont. Bond Traverse Bond 29> orT Hempstead, N. Y. Offering—Lael Von £1 Village Clerk, will receive seale sociates» at °-82% interest. Dated anH 1.46%. Due Bond Te if awarded to the Chemical Bank & ™ fixed for lixed.forredemption. Lecalitv anLegalityap- nar about 1949. Housing Authority, Montana of the City, in direct numerical order, on any interest payment date on or after Nov. 15,1950, at and bonds. Dated Oct. 1, sive, and $5,000 in 1965. The bonds the Chemical Bank & Trust Co., maturing in 1959 to 1965, will be of New York, and Associates, at subject "to redemption prior to 0.77% interest, as follows: '' maturity at the option of the Dis¬ trict, in inverse numerical order, $11,945,000 87th Series notes. offered Nov. Bonds & Hempstead,, the at at the holder, York and Fifth tyes 'qption; o the or Bank of New Avenue' B^pk, New York City. Bidders to nap?e interest, expressed in multiple of Va or 1/1Q of i%. the a rate of The approving opinion of 'Haw¬ kins, Delafield & Wood, of JJew York/ City, will bp furnishpd'* to the purchaser without cost. A cer¬ tified check for $7,7(10, payable to Village, is requlrecjL ^ the I slip Great River Fire District (P. O. Great River), N. Y. : ~ Bond Offering—Elizabeth Kris- . tan, ... Ferndale Sch. Dist., Mich. Bond Offering—Ervin Nov. , 15 for the purchase 000 not to exceed 4% Kiebaum, of $50,interest tax 100.39. ' " r 7 ' Durham' Sch. Dist., N. H. Gibbon, Minn. Secretary of the Board of Educa¬ tion, will receive sealed bids until 8 p.rh. (EST) on Nov. 15 for the purchase of $1,240,000 not to ex-j anticipation notes. Dated Nov. 15, Bond Sale —The $20,000 fire 1949. Due on March 1, 1950. Prin¬ house and well bonds offered Oct. cipal and interest payable at the 4 were awarded to the Citizens County Treasurer's office. The State Bank, of Gibbon, as 2s, at a ceed 3% interest school coupon approving opinion of some market price of 161.55. These bonds were bonds; Dated Nov. 1, 1949. Denom¬ attorney, shall be furnished by the authorized at the election held on ination $1,000. Due Decas fol¬ purchaser at his own expense. ; sept; 6. lows: $65,000 in 1950 and 1951, $70,000 in 1952 and 1953, $75,000 Portage Twp. (P. O. Houghton), Jackson County (P. O. Michigan in 1954 to 1956, $80,000 in 1957 and Jackson), Minn. Bond Offering—Robert J. 1958, $85,000 in 1959 and 1960, Hill, Bond Sale—The $20,000 drain¬ $90,000 in 1961 and 1962, $95,000 Township Clerk, will receive age 1949 bonds offered Nov. 8—v. in 1963, $100,000 in 1964, and $40,- sealed bids until 5 p.m. (EST) on 170, p. 1744—were awarded to the 000 in 1965. Bonds maturing in Nov. 15 for the purchase of $50,000 First National Bank, of Minneap¬ 'the years 1962 to 1965, will be not to exceed 5% interest water olis, as IV2S, at a price of 100.13, a subject to redemption prior to ma¬ supply system revenue ' coupon basis of about 1.47%. Dated Oct. 1, turity, at the option of the Dis¬ bonds. Dated Sept. 1, 1949. De¬ 1949. Due on Jan. 1 from 1951 to trict, in inverse numerical order, nomination $1,000. Due on April 1, 1960 inclusive. The second high¬ as follows: at par and accrued interest on $1,000 from 1952 to est any bidder was Shaughnessy & Co., 1963 inclusive; one or more interest $2,000 from 1964 for payment 1.60s, at a price of 100.60. to 1973 inclusive, and dates on and after the $3,000 from following Taylors Falls, Minn. dates, to wit: Bonds maturing in 1974 to 1979 inclusive/ Callable 1964 and 1965, on and after Dec. at par and accrued interest, plus a Bond Sale—The $14,000 funding 1, 1953; and bonds maturing in premium in the amount of $50 on bonds offered No.V. 5 v. 170, each bond, in inverse 1962 and 1963, on and after Dec. numerical p. 1745—were awarded to 1, Kalman on 1956. Bidders to name the rate of order any interest payment & Co., of Minneapolis. Dated — interest, expressed in a multiple pf V\ of 1%. Principal and inter¬ est (J-D) payable at the Detroit Trust Co., Detroit. The approving opinion of Claude H. Stevens, Barbier & Evely, of Detroit, will be date Oct. on or after April 1,1974. Bid¬ I, 1949. Due ders to name the rate of interest, multiple of 'Va of approving opinion of Miller, Canfield, Paddock & Stone, of Detroit, will be furnished to expressed 1%. in to the expense of the District. A certified check for $24,800, payable to the for the District Treasurer, is required. Feb. 1 1964 inclusive. from 1951 /'1 ; •'.*'■ a The furbished to the purchaser at the on County (P. Independence), Mo. quired. purchaser;"A certified check of the bonds, payable to Bond 2% County Offering — H. ovan, Chairman School Board, will receive sealed bids until noon (EST) Q. ' * , P.- Chiles, Nov. on chase of 15 $80,000 the for school pur¬ coupon bonds. Dated Dec. 1, 1949. Denom¬ ination $1,000. Due $5,000 on Dec. 1 from 1950 to 1965 inclusive. Principal and interest payable at the National Shawmut Bank Boston. Bidders to name the of interest, expressed irr of a of rate multiple Va of 1%. The approving opin¬ Storey, Thorndike, Palmer & Dodge, of Boston, will be fur¬ ion of nished to the purchaser without (EST) Denomination sealed bids until 8:30 p.m. (EST) on Nov. 25 for the purchase of $75,00Q not to exceed 3% interest refund¬ ing; 1949 or .coupon Dated Nov. Treasurer, is re¬ as $1,000. Due on Nov. follows/ $10,000 from 1951 1955 inclusive, and $5,000 from Principal 1956^ to 1960 inclusive. and interest (M-N) payable at the First National Bank, Roselle. Bid¬ ders to name the rate of interest, a.m. - -• - — ^ [ on from 1961 to 1964 inclusive. Nov. inclusive. 1 from 1950 to 1959 check for 2% of the bonds bid for is required. Frederick & Co., of "'V''* New York, as Price of 100.22, a basis 3 p.m the pur¬ $1,187. from (M-N) Due 1950 $1,187 to 1054 in¬ interest at the First Na¬ Principal payable and tional Bank, East Islip. Bidders to the name rate pressed in a of interest, ex¬ multiple of Va of 1%. The approving opinion of Stanley Gray Horan. of New York Cjty, will be furnished to the purchaser without A cost. certified for $118.70, payable trict, is required. to check the Dis¬ Liberty Union Free Sch. Dist. No. 7 (P. O. White Sulphur Springs), New York / Offering — G. ; Bond Worden, ceive District sealed (EST) bids re¬ until Nov/17 on Allison wiB Clerk, 2 p.m. the-imf- for chase of $75,000 not to exceed p,% interest school 1949 coupbn or registered bonds.' 1949. Dated Sept. 1, $1,000 and Denominations $500. Due $7,500 1950 "to 1959 Nov. 1 from on inclusive. "Principal and interest (M-N) payable aYthe County National Bank. Liberty. Bidders to name the raSullivan of interest, expressed in of Vandewater, Gallo^py, of City, will be fqrpipbpd A payable cptst. lo the District, is required. 'li\ J • ■ • mul¬ a 1710 of 1%. The ap¬ or the purchaser without certified check for $1,500, J i. ' . J'** ' Moravia, Locke, Niles, Sempronius, Venice, Siimmerhill and Homer, Central Sch. Dist. No. 1949." De-j Treasurer, * will sealed bids until 11 1 clusive. registered 15, nomination receive expressed in a multiple of l/20th (CST) on of 1%. The approving opinion of Now 21 for the purchase off$1;- Reed, Hoyt & Washburn, of/New; Flint Twp. Sch. Dist. South Haven, Mich Ho. 24 (P. O. 400,000 parental school, Series C York. City, will be furnished "to; 5256 Corunna Road, Flint Bond Sale—The 7), $65,000 special bonds. Dated Oct. 1, 1949. Denom¬ the purchaser. A certified check Michigan assessment bonds offered Nov. 7 ination $1,000. Due $350,000 on for $1,500, payable to the borough, awarded Bond Sale—The'$240,000 school were to the Bank of April 1 from 1953 to 1956 inclu¬ is required. South Haven, as follows: sive. Bidders to name the rate of bonds offered Nov. 2 "" v. 170, p. 1744—were awarded to Mcppn- $50,000 paving bonds. interest, expressed in a multiple NEW YORK of % of 1%. Principal and ald-Moore &i pp., H. V. 15,000 paving bonds. interest Satfley & Dobbs Ferry, N. Y. payable'at the Commerce Trust f Co., and Jones B. Shannop & Co., Sale consisted of: Bond Sale—The $72,000 all of Detroit, jointly, at a price of Co., Kansas, City, The approving street $50,000 paving bonds. Due $5,000 opinion of 2.8$%, as follows: Stinson, Mag, Thomson, improvement and fire engine 1949 on Nov. 1 from 1950 to 1959 McEvers Fizzell, of Kansas bonds $154,000 as 3s. Due on June 1 from offered Nov. 7—v. inclusive. * 170; p. City, will he furnished to the pur¬ 1950-to 1960 inclusive. v 1849 —were 15,000 paving bonds. Due $1,500 chaser without cost. awarded to .Paul A certified 86,000 as 2%s. Due on June 1 Township Nov. on to Ostrander, Borough Clerk, will receive bonds. for 5% interest fire 1949 coupon or regis¬ bonds. Dated Nov. 1, 1949. New York Roselle, N. J. Bond Offering—J. F. will re¬ ■ until .. tered proving opinion Sykes, Heckler NEW JERSEY 15, bids on'Nov. 18 tiple of Va cost. to MISSOURI Jackson Bond Offering—Edward T. Don¬ Treasurer, sealed chase of $5,935 not to exceed not to exceed 4% interest electric Lee Twp. Sch. Dist. No. 1 (P. O. Michigan, will be furnished to the MINNESOTA revenue refunding and improvepurchaser, at the expense of the Midland), Mich. Austin, Minn. ment, Series C' coupon bonds. City. A certified check for $17,Bond Sale—The $18,000 school Bond Sale' — The 000, payable to the City Treasurer, bonds offered Oct. 27 were $60,000 park ^ated May 1, 1949. Denomination award¬ grandstand bonds offered Nov. 4— is required. ' / ." ed to the Chemical State j $l»QO0. Savings v. 170, p. 1745—were awarded to | Bank of Norfolk, Neb. Midland, as 3s, at a price J. M. Dain & Farmington Twp. (P. O. Co., of Minneapolis/ of par. Bond Sale—The $135,000 sewer Farmington), Mich. as L60s, at a price of 100.56, a revenue bonds offered Nov. 7— Bond Sale—The $28,000 not to Montcalm County (P. O. basis of about 1.53%. Dated Nov. v 179^ p. 1745—were awarded to exceed 6% interest water special Stanton),, Mich. J' 1965 .on.^an- 1 from the Wachob-Bender assessment bonds offered Nov. 2— Corp., of to inclusive. The second Note Offering—John H. Omaha, Owen, v. 170, p. 1744—were not sold, as highest bidder was Shaughnessy County Treasurer, will receive no bids were received. & Co., for 1.60s, at a price of sealed bids until 3 p.m. NEW HAMPSHIRE (EST) on District ceive (P. O. Moravia), N. f Y. Bond Offering—Elmej* Morse, District Clerk, will receive; sealed bids 17 until for 2 (EST) p.m. the purchase not to exceed 4% 1949 Nov,. 1, $1,000. follows;. 1956 to Nov. merest school registered bopds. coupon or Dated tion on of $1,065,000- 1949. Due Denomipa- - Nov. on $30,000 from ; i, 1050 as to inclusive; $35,000 from 1957 1974 from inclusive, 1975 Principal to and 1979 $45,000 inclusive. and interest payable at : the First Bank Moravia, Moravia. of approving Delafield opinion & of "t (M-N) ".National The Hawkins, Wood, of New York City, will be furnished to; the pui? chaser without check for cost.' A certified $21,300, payable to the District, is required. Volume 170 Number 4855 THE COMMERCIAL *r> North Hempstead, Port Washington District (P. O. Manhasset), N. Y. Sewer Bond Offering Hartford — chaser without "cost. check for A ^certified $950, payable Town, is required. N. to the inclusive. bidder bids sealed until 10 Nov. 21 for the pur¬ $207,000 not to exceed 5*% interest 1949 coupon or regis¬ (EST) of tered bonds, divided follows: as improvement bonds. Due Nov. 1, as follows: $3,000 $95,000 on from , Bond on chase and to 1970 inclusive, $4,000 from 1971 to 1978 1950 •inclusive. ernment sealed Dated June Bidders to interest, cost. A certified name check for $4,140, Offering Bond N.Y. —- J , Le'fa C. Qua, of 1949 sewer coupon or registered De¬ Dated Nov. 1, 1949. bonds. nomination Due on Nov. $1,000. follows: $3,000 from 1950 to 1955 inclusive, and $4,000 from 1956 to 1959. inclusive. Principal and interest (M-N) payable at the Fir^t National Bank, Sherrill. 1; as Bidders to the name rate of in¬ highest Sutherland &, County ceive sealed (EST) Ella — bids Nov. on Mc- until 22 10 re¬ a.m. the for rainbow pur¬ addition road 1, 1949. Denomination $1,000, ex¬ one for $500. Due on Sept. 1, as follows: $4,500 in 1951, and $4,000 from 1952 to 1959 inclu¬ sive. Principal and interest pay¬ at of the County Bidders to Treasurer's the name interest, expressed in of of 34 check for 1% 1%. A rate mul¬ certified a of the bonds, pay¬ able to the Board of County Com¬ missioners, is required. Ohio of in¬ the rate name terest, expressed in a multiple of 34 of 1%. The approving opin¬ of Reed, Hoyt & Washburn, York City,.will be fur¬ nished to the purchaser. A certi¬ fied check for $28,840, payable to the State Treasurer, is required. Johnston f Bond Offering—W. ling, Secretary of the Local Gov¬ ernment Commission, will receive sealed bids at his office in 11 a,m. (EST) on purchase of $275,exceed 6% interest Raleigh, until Nov. 15 for the not 1 to 000 hospital Dated bonds/ coupon j Alfalfa ing 4 Sale—The furniture 170, and Nov. Indep. Sch. Dist. (P. O. Jet), Okla. County 8—v. awarded the to $92,000 build¬ bonds offered 1851—were p. Securities First cost of 1.43%. about from Due The second 1952 to 1958 inclusive. highest bidder was the First State Bank, Jet, on a bid reflecting a net ' — ling, Secretary of the Local Gov¬ ernment Commission, will receive sealed bids at his office in Raleigh, . ' . /,, ' 000 in 1955, and $15,000 from 1956 to 1960 inclusive. 118,000 highway bonds. Due on 7 July 1, as follows: $23,000 in 1950 and 1951, and $24,000 • •f- from 1954 1952 to inclusive. pated July 1, 1949. Denomina¬ tion $1,000. Principal and payable at the National Monticello. Bidders (J-J) Union to interest Bank, name of interest, ex¬ the rate pressed in a multiple of 34 or 1/10 of 1%. The approving opinion of Vandewater, Heckler Sykes, & Galloway, of New York City, will bo furnished to ;the purchaser without for ^5,200, certified A cost. check Pasquotank County (P. O. Elizabeth City), N. C. Bond until 11 Offering—W. a.m. (EST) on E. Easter- Nov. 15 for purchase of $420,000 not to ex¬ 6% int. school bldg. coupon bonds. Dated Nov. 1, 1949. Denom. the ceed $1,000. Due on May 1, as follows: $10,000 from 1951 to 1956 inclu¬ sive; $20,000 from 1957 to 1959 inclusive, and $25,000 from 1960 to 1971 inclusive. . Principal and interest York rate (M-N) payable in New City. Bidders to name the interest, expressed in a of " opinion of Reed, Hoyt & Washburn, of New York City, will be furnished to the purchaser.A certified check for $8,400, payable to the State Treasurer, payable to the County, (P. O. Yorktown is required. Bond Sale lighting street Offering—John H. Down¬ — The warrants ■' Nov. at the Peekskill National Trust Co., Peekskill. name the rate of Bank & Bidders to interest, ex¬ l/10th in of opinion est exceed 4% system bonds. not to sewage (J-D) payable at the City Treasurer's /office. The ap¬ proving opinion of Winfree, McCulloch, Shuler & Sayre, of Port¬ land, will be furnished to the purchaser without cost. A certi¬ fied check for the Brunswick Bond Local Sch. Sale—The Dist., Ohio $65,000 build¬ ing bonds offered Nov. 3—v. 170, Street, (EST) purchase of $90,000 building and improve¬ ment coupon bonds. Dated Dec. 1, 1949. Denomination $1,000. Due $3,000 on Dec. 1 from 1950 to on inclusive. the the Bonds maturing after Dec. 1, 1965, shall be or whole in inverse interest in or numerical paying i Bidders to part, in of order thereafter. date (he rate of in name ¬ of Townsend, Elliott & Munson, of Philadelphia, will be furnished to the purchaser without cost. A certified check for 2% the of bonds, payable to the Treasurer, is required. rett, District 17 for the purchase of Nov. 000 building $4,250, payable to City, is required. Bond eral Sale —The obligation bonds. Dated Dec. 1, 1949. coupon Denomination $1,000. Due Nov. 3 170, —v. awarded p. 1959 inclusive, turing on shall be part, in order of of the after or callable $55,000 1647 to Blyth & Co., were — of Port¬ District price of 100.07. Bidders Sale—The $4,820,000 37th Series notes offered Nov. awarded as $3,820,000 3 were follows: Bank & by the Trust Co., and Associates, at 0.77% interest. building to 1949. Dated Dec. 1, Denomination $1,000. Due $1,000 on Dec. 1 from 1951 to 1972 Bonds maturing on or iinclusive. after in able • Dec. 1, whole 1960 shall be call¬ or in part, in the numerical inverse order of ma¬ turity, at the option of the District at par and accrued interest on Dec. 1, 1959, interest paying or on any thereafter. date Bidders to name the rate of interest, expressed in multiple of 34 of 1%. The ap¬ proving opinion of Townsend, a Elliott & Munson, of Philadelphia, will be furnished to the purchaser. certified check 2% for payable to the Treasurer, is required. of the District bonds, Twp. Sch. Dist. (P. Coatesville), Pa. Valley Sale—The Bond O. $50,000 build¬ ing bonds offered Nov. 3—v. 170, 1647—were awarded to the Na¬ Bank, of Coatesville, as p. tional 2 34 s, at a price of par. Dated Nov. 1, 1949. 1974 to Due on Nov. 1 from 1950 inclusive. The second highest bidder was Walter, Woody & Heimerdinger, for 334 s, at a price of 100.50. Dist., Pa. Sch. C. T, — Miller, of School Secretary of the Board Directors, will receive sealed bids or (EST) on Nov. 17 for purchase of $600,000 building and improvement coupon.\ bonds. Dated Dec. 1, 1949. Denomination date name improvement and ac¬ 1, 1959, paying Miller, Street," West bonds. coupon Chester and1 of C. T. care 8 p.m. (EST) on the purchase of $22,- 17 for 000 of receive until Chester, Nov. Board will Church North Offering the until 8 p.m. the $1,000. $20,000 Due on Dec. 1 inclusive. Munson, of Philadelphia, will Bonds maturing in 1965 to 1979 be furnished to the purchaser are callable for redemption in without cost. A certified check whole or in part, at the option of for 2% of the bonds, payable to the District, in the inverse nu¬ the District Treasurer, is re¬ merical order of maturity at par quired. and »accrued interest on Dec. 1, 1979 to 1950 from 1964, Fayette County Housing Authority, Pa. Note Sale—The $1,887,000 17th Series notes offered Nov. 3 a Trust Co., of New York, and As¬ sociates, at 0.77%. Dated Nov. 29, May 26, 1950. on Bond Sale provement 170, —v. to H. p. R. l%s, at 1, 1949. a — awarded Miller, of Lancaster, as price of par. Dated Dec. Due on Dec. 1 from 1950 inclusive. 1960 second The Fauset, Steele Co., for 234s, at a price of 100.32. Portsmouth was Redevelopment and Note Sale —The $1,461,000 Series notes offered Nov. 3 18th were awarded to the Chemical Bank & Trust Co., of New York, and Asso¬ ciates, at 0.77% interest. Dated Nov. 26, 1949. Due on May 26, 1950. bonds (P. O. Wayne), Pa. Sale—The $265,000 school offered Nov. 8—v. 170, p. 1747—were awarded to R. L. Day & Co., of New York; Wurts, Dulles Co., and Woodcock, Hess & Co., both of Philadelphia, jointly, as 1.60s, at a price of 100.56, a basis of about 1.54%. Dated Dec. 1,1949. Due on Dec. 1 from Bidders to name expressed in multiple of 34 of 1%- 1950 to 1974 The ap¬ proving opinion of Townsend, El¬ liott & Munson, of Philadelphia, will be furnished to the purchaser without cost. A certified check of the bonds, payable to 2% the $20,000 im¬ offered Nov. 7 1747—were interest paying any on rate of interest, for The bonds the were awarded to the Chemical Bank & Due or date thereafter. & purchased Chemical New York, 320 the Directors, sealed bids in West option Dist. & Radnor Twp. Housing Authority, Pa. of Secretary School Bond Bond Chester lett, numerical the Sch. Twp. a (Chester County), Pa. Bond Offering—Adele B. Dal- in par Dec. 1960, or Housing Authority, Pa. $150,000 general obligation bonds offered Nov. 7—v. 170, p. 1851—were awarded to Moore, Leonard & Lynch, of Pittsburgh, as 134 s, at a price of 100.23. The second high¬ est bidder was A. E. Masten & Co., Note at on 1, whole ma¬ interest, expressed in a multiple of 34 of 1 %. The approv¬ ing opinion of Townsend, Elliott Butler), Pa. a from of rate & Offering —The 134s, at Dec. at interest any to Twp. Sch. Dist. (P. O. ( in maturity, interest crued gen¬ offered PENNSYLVANIA Bond $4,000 inverse the highest bidder Butler and 1960 to 1969 inclusive. Bonds Millersville, Pa. inclusive. 1969 Dec. on follows: $3,000 from 1950 to as 1949. bonds $70,improvement and 4— 1747—were awarded to Thornburg A Miller, 320 North Church Street, West Chester, until 8 p.m. (EST) on con¬ Nov. Blair & Co., Inc., for 234s, at price of 100.33. of C. T. care $225,000 offered Singer, Deane & Scribner, of Pittsburgh, as 234 s, at a price of 100.46, a basis of about 2.46%. The second highest bidder was of the Board of Directors, will receive sealed bids in bonds p. Secretary School 1, Sale—The 170, v. T. Mil¬ Church for 17 Madras, Ore. for OHIO C. of care North Nov. interest offered a multiple of 34 or p. 1646 — were awarded to the 1%. The approving First Cleveland Corp., of Cleve¬ of Vandewater, Sykes, Dated Oct. 1, 1949. Heckler & Galloway, of New York land, as lV2s. City, will be furnished to the pur¬ Due on Oct! 1 from 1951 to 1960 pressed inter¬ Dated Dec. 1, 1949. Denomination $500. Due $5,000 on Dec. 1 from 1950 to 1966 inclusive. Principal and $85,000 $122,000 8—v. in 1950; $4,000 in 1951, and $5,000 from 1952 to 1959 inclusive. Prin¬ (A-O) payable Pink- ham, City Recorder, will receive sealed bids until 7:30 p.m. (PST) on Nov. 29 for the purchase of to t 170, p. 1850—were ing, Town Supervisor, will receive awarded to the Northwestern Na¬ sealed bids until 11 a.m. (EST) on tional Bank, of Minneapolis, and Nov. 15 for the purchase of $47,the First National Bank & Trust 500 hot to exceed 5% interest Co., of Fargo, jointly, as 1.20s, at town garage 1949 coupon or reg¬ a price of 100.01, a basis of about istered bonds. Dated Oct. 1, 1949. 1.19%. Dated Nov. 1, 1949. Due Denomination $1,000, one for $500. on Nov. 1 from 1951 to 1955 in¬ Due on Oct. 1, as follows: $3,500 clusive. cipal and interest 320 in West Chester, until 8 p.m. on Bond struction the Board Directors, will receive thereafter. Central Point, Ore. land, as 334s and 434s. Dated Dec. 1, 1949. Due on June 1 from 1951 NORTH DAKOTA Warrants Heights), N. Y. ler, Dougherty & Co., and J. W. Sparks & Co., jointly, for 1.60s, at a price of Secretary of School sealed bids on Bond Offering—Arden R. ing Fargo, N. Dak. ' Farland, of Twp. Sch. Dist., Pa. Offering—James W. Mc- multiple of 34 of 1%. The approv¬ is required. Yorktown OREGON ;'•/•/' $142,000 bridge bonds. Due on July 1, as follows: $12,000 in ,v 1950 and 1951; $11,000 from 1952 to 1954 inclusive; $10,- Bond der was A. Webster — Company, of Kansas, of Wichita, East Goshen Twp. Sch. Dist.,' Pa. Bond Offering—Emma R. Gar¬ on a bid reflecting a net interest 1 (EST) on Nov. 18 for the purchase of $260,000 not to exceed 5% in¬ terest coupon or registered bonds, divided as follows: East Bradford The second highest bid¬ inclusive. .Robinson Twp. Sch. Dist. (P. O. Box 101, Moon Run), Pa. terest, expressed in a multiple of 34 of 1%. The approving opinion OKLAHOMA Nov. 1, 1949. Denomination $1,- interest cost of about 1.47%. terest, expressed in a multiple of 000. Due on May 1, as follows: 34 or 1/10 of 1%." The approving McCurtain County Independent opinion of Vandewater, Sykes, $10,000 from 1952 to 1961 inclu¬ School District No. 14 (P. O. Heckler & Galloway, of New York sive and $25,000 from 1962 to 1968 inclusive. Principal and interest v: *- ^ ^/dabel); Okla. - " City/ will be furnished to the Bond Offering—B. C. Rushton, (M-N) payable in New York purchaser without cost. A certified Bidders to name the rate of Superintendent of Schools, will check for $680, payable to the City, City. interest, expressed in a multiple receive sealed bids until Nov. 23 is required. " of 34 of 1%. The approving for the purchase of $4,700 build¬ Sullivan County (P. O. opinion of Reed, Hoyt & Wash¬ ing and improvement bonds. Monticello), N. Y. burn, of New York City, will be These bonds were authorized at furnished to / the purchaser. A the election held on Sept. 17. Due Bond Offering A. F. Arm¬ certified check for $5,500, payable; in 10 years. strong, County Treasurer, will re¬ to the State Treasurer, is re¬ ceive sealed bids until 2 p.m quired. Sale Details 55 100.53. on Nov. Dated Sept. 15, 1949. Due on Dec. 15 from 1951 to 1956 inclusive. No. Easter- ap¬ Due 1949. 4—v.! maturity, at the option of the 170, p. 1746—were awarded to the District at par and accrued in¬ Lebanon Citizens National Bank.! terest on Dec. 1, 1964, or on any Bond E. $15,000 29, The $65,purchased by Harrisburg Trust Co., of Harrisburg, as 2s, as previously noted in v. 170, p. 1747, were sold at a price of par. Bond callable The — praisal bonds offered O. (P. Smithfield), N. C. County Sale Nov. 000 water works bonds 1979 O. Lebanon), (P. County Bond Trust D\tncannon, Pa. cept able & May 26, 1950. of! improvement and Jeanette Road improvement bonds. Dated Dec. office. Bank Hanover tral Dated A. chase of $36,500 not to exceed 3 % interest tiple Denomina¬ Principal and interest (J-D) payable in New York City. to 1,000,000 purchased by the Cen¬ terest. Clerk of the Board Commissioners, will Dated Dec. 1, 1949. purchase of $34,exceed 5% interest to as Carley, tion $1,000. Bidders (1963) Co., New York, at 0.77% in¬ Offering Warren Nov. 18 for the not on of -New Finance, will receive sealed bids until 11 a.m. (EST) on 000 1, second Ryan, from 1964 to 1968 inclusive. ion Sherrill, Due clusive. the ' Director on 92,000 street bonds. Due on June 1, as follows: $4,000 from 1951 to 1963 inclusive, and $8,000 expressed payable to the!Town,"is required. ! (EST) . follows: $20,000 from 1951 .to 1960 inclusive; $22,000 from 1961 to 1963 in¬ clusive; $27,000 in 1964 and 1965; $25,000 in 1966 and 1967; $30,000 in 1968, and $50,000 from 1960 to 1987 in¬ 1, 1949. Denomina¬ in a multiple of 34 or 1/10 of l%.rThe approving opinion of Vandewater, Sykes, Heckler & Galloway, of New York City, • will ^be fur¬ nished to the purchaser without ' a.m. in bonds, divided as follows: coupon (M-N) payable at the Fort Washington-Manhasset National Bank, of 11 office 22 for the purchase of $1,442,000 not to exceed 6% interest, tion $1,000. Principal and interest rate his at $1,350,000 water- bonds. Nov. Manhasset. bids Nov. elusive. ; Easter- E. Commission, will receive Raleigh, until Due on Nov. 1, as follows: $3,000 from 1950 to 1953 inclusive, and $4,000 from 1954 to 1978 in- r Bond ling, Secretary of the Local Gov¬ •112,000 extension bonds. <; Offering—W. The was (P. O. Columbus), Ohio Albermarle, N. C. . . CHRONICLE Franklin County NORTH CAROLINA a.m. FINANCIAL Co:, for l3/4s. Gunn, Town Supervisor, will re¬ ceive & j District, is required. West Twp. Sch. Dist., Pa. Offering—L. Edward At- Goshen Bond of the Board of will receive of C. T. Miller, Church Street, West Secretary well, School Directors, sealed bids in care 320 North Chester, 000 until 17 for the Nov building 8 p.m. (EST) on purchase of $198,- and improvement bonds. Dated Dec. 1, 1949. Denomination $1,000. Due on Dec. coupon 1, as follows: $7,000 from 1950 to inclusive, and $2,000 in 1978. Bonds maturing on or after Dec. 1, 1977 1965, shall be callable in whole or part, in the inverse numerical of maturity, at the option of the District at par and accrued interest on Dec. 1, 1964, or on any in order interest payment date thereafter. of inter¬ Bidders to name the rate est, expressed in a multiple of of 1%. The approving opinion Townsend, Elliott & Munson, 34 of of Philadelphia, will be furnished to the purchaser without cost,, A cer¬ tified check for 2% of the'bonds, payable to- the District is required. Treasurer, 56 (1964) West THE Whiteland TENNESSEE Township School District, Pa. Bond Offering;—Maud G. Halde- Secretary of Directors, •nan, the School sealed bids in 320 North Chester, of and receive (EST) p m. building on from 1962 to 1979 inclusive. Bonds turing «hall on 1, Dec. after or callable be whole in 220,000 in jpart, in the inverse numerical or¬ der of maturity, at par and ac¬ on Dec. 1, 1964, or interest paying date there¬ after. Bidders cf to the name in d n S 1 a e The Hanover Bond ceive Christiansburg, both of Chris¬ tiansburg. Bidders to name the rate bids until 10 Tex. 10, The a.m. Due a syndi¬ the Northern National Bank, 1958 fied the rate a Trust both Co., office. $1,000. Bidders to the name the rate of name bonds offered 1447 p. — Nov. 8 & Meyer, of Cincinnati, price of 100.15, a basis of about 1.73%, as follows: of of $2,000,000 as 4s. Due on Dec. 1 170, v. — awarded were the to songood at Cumberland Securities Corp., Townsend, Elliott & Mun- Nashville, Davidson & Co., rson, of Philadelphia, will be fur¬ Knoxville, and Associates, at a bished to the purchaser without price of par, a basis of about cost. A certified check for 2% of 3.07%, as follows: the bonds, payable to the District $385,000 as 3s. Due on Oct. 1 from Treasurer, is required. ion of 1951 RHODE - ISLAND loan, Act of offered 1939, Nov. Dated 10th Issue 170, Oct. C.58% 1949. of Providence, discount. Due Dated Nov. at 14, Housing Authority, Rhode Chemical Bank & Trust Co., of New York, and Associates, al C.77% interest, as follows: $221,000 44th Series notes. 2,063,000 45th Series notes. Nov. 29, 1949. Due on May 26, 1950. SOUTH CAROLINA Darlington County Housing Authority, S. C. Note Sale The $218,000 6th Series notes offered Nov. 3 were awarded to the Chemical Bank & Trust Co., of New York, and As¬ sociates, at 0.82% interest. Dated 26, Offering Phillips, — Tillman County Judge, sealed bids will until 10 H. re¬ a.m. on Ded, 7 for the purchase $45,000 not to exceed 3V2% in¬ 1949. Due Dec. on 1950. DIVIDEND NOTICE 12, Dated Oct. 1, 1949. Denomination $1,000. Due on Oct. 1, as follows: $5,000 in 1953; $6,000 in 1954; $7,000 in 1955; $8,000 in 1956; $9,000 in 1957, and approving $10,000 in 1958. The opinion of Chapman & Cutler, of Chicago, will be furnished to the purchaser at the expense of the County. A certified check for $1,000, payable to the County Trus¬ tee, is required. , — jNov. 1, 1949. terest school bonds. Note Sale—The $4,284,000 notes Nov. 3 were awarded to Dated Bond of Island offered the 1, (CST) Providence Sullivan County (P. O. Blountville), Tenn. Bond Offering T. R. Brandy, County Judge, will receive sealed bids until 2 p.m. (EST) on Nov. 18 for the purchase of $400,000 not to exceed 3% interest funding coupon bonds. Dated Nov. 1, 1949. Denomination $1,000. Due $200,000 on Nov. 1 in 1954 and 1956. Prin¬ LAMP WORKS INC. of this day declared the dividend: 15c per share on Chemical Chicago, will payable December of & Trust be tified check for $4,000, payable to has following Clyde Groseclose, County Trustee, required. TEXAS the 1, Aransas Pass 1949, record at close of business November to the 16, 1949. PAUL J. HEMSCHOOT. Secretary. certi¬ York, l%s. Due as 1966 to 1 Dec. on inclusive. l^s. Due on Dec. ten 1 cost Garland Bond house 170, v. the of about p. Texas, 100.004, of a Dallas, basis second at of a price about bidder of about Greenville Indep. Bond was bonds Indep. Sch. Dist., Tex. Bond Sale—The $163,000 school house bonds offered Nov. 7— Dist., Tex. Sale—The $650,000 school offered Nov. 7 were awarded to the Equitable ties Corp., Securi¬ Braun, Bosworth & Cumberland Securities Co., Inc., Corp., of Nashville, and Moss, Corp., and the Moore & Co., of Dallas, jointly, on Columbian Securities Corp. of a bid reflecting a net interest cost Texas, both of San Antonio, of about 2.47%, as follows: jointly, on a bid reflecting a net $154,000 as 2y4s. Due on Dec. 1 v. 170, p. 1747—were awarded to the First of Texas interest cost of about 2.59%. Dated Dec. 1, 1949. Due on Dec. 1 from 1950 to 1966 inclusive. The second 1950 Due Dec. on from 1 to 1974 inclusive. Dec. ; 1 from 1950 elusive. ; to ; , 1974 in- • 200,000 park improvement gen¬ eral obligation bonds. Due on Dec. 1 from 1950 to 1974 in¬ from 1961 to 1972 inclusive. about "*1.98%. 1 Dated Nov. on Nov. bidder highest Pacific National Bank, was Seattle, 1, 1 from 1951 to 1964 inclusive. The second on bid reflecting a net a interest cost of about 2.04%. WISCONSIN Milwaukee Housing Authority, Sale—The from 1950 Additional refunding to on general were system 0.76%. Associates, bonds were of¬ awarded Co., of Chicago, bid reflecting on a net interest cost of about 2.89%. Dec. 1 from 1950 1974 to Dec. 1, 1949. Christiansburg, Clerk Offering of receive (EST) chase the Town sealed on of — divided J. 1954 City C. 000 not 11 1959 1952 to Bond City bids until 30 on $3,000 July from in $6,000 follows: to from 1958 1959 in¬ 1967 on $3,000 Justeson, will a.m. 10 receive (CST) sealed on purchase of $400,000 electric utility mortgage bonds. revenue on Dated Dec. Denomination $1,000. Dec. 1, as follows: $15,000 to 1, Due from inclusive; $18,000 in 1954; $20,000 from 1955 inclusive; $21,000 from 1963 inclusive; $22,000 and to Nov. the 1952 1958 1959 to from 1964 1967 to inclusive, and $23,000 in 1968 and 1969; callable on or after Dec. 1, 1960, at 103% of par and accrued interest. The inclusive; to. purchaser CANADA 1963 < QUEBEC Bedford, Sale — Que. The $50,000 town improvement bonds offered 2 were & awarded to Co., Bank Ltd., of Nov. Wood, Gundy the and Canadian Commerce, both of To¬ ronto, jointly, at basis of about a price of 97.11, 3.24%, as follows: July from $4,- inclu¬ sive; $5,000 in 1964 and 1965, and $6,000 from 1966 to 1968 inclusive. Wis. 1949. a 63,000 sewer bonds. Due 000 for 2Y\% 1968. 1954 Int. M-S. Offering—Nels Clerk, Bond clusive. as 1969 inclusive. coupon inclusive; $4,000 to 1963 inclusive; and interest 3% a.m. 1966 1, exceed to 25th Series bonds. Dated Dec. 15, 1949. Denomination $1,000. Due on March 15, as follows: $10,000 in 1951, and $5,000 from sewer, follows: follows: Riemer, H. will Taylor, revenue as Due receive sealed bids until 7:30 p.m. (CST) on Dec. 6 for the purchase of $100,- Council, will $5,000 from 1964 to and Offering—P. Clerk, to 1958 from 1949. Va. $62,000 water bonds. Due as 29, by the City. A certified check for $5,000 is required. bids until interest 1, Nov. Wauwatosa, Wis. Bond Nov. 18 for the pur¬ $125,000 not to exceed 31/2% 10th were 3, 1950. will be furnished to the VIRGINIA Bond 2 Wisconsin approving opinion of Lines, Spooner & Quarles, of Milwaukee, inclusive. Dated First Bank, of Milwaukee, at Dated 1953 The $900,000 — date to John Nuveen & on the to March on 1950 f ; revenue same on syndicate, net interest a 2.89%. Additional Sale fered obligation above date on reflecting cost of about sewer $1,858,000 to*the above bid a inclusive. 1974 Sale—The bonds offered awarded $1,569,000 Series notes offered Nov. Wisconsin Rapids, 100,000 fire station, general obligation bonds. Due on Dec. 1 / * from 1950 to 1960 inclusive. 496.000 as 2V2S. Due on Dec. & 1949. Due clusive. bonds, 2.74%. Sch. of improvement of Lynch, Pierce, Fenner & Beane, jointly, at a price of 100.10, basis water 800,000 street improvement, gen¬ eral obligation bonds. Due on 2.72%. rill a $1,250,000 of Rauscher, Pierce & Co., and -Mer¬ National Bank, and Co., both of, Seattle jointly, at a price of 100.11, a basis Blyth National Due 1949. Due on July 1 1979 inclusive. The highest 1648—were awarded to the Seat¬ Note a 1648—were awarded to Dated Dec. 1, from 1951 to a S lie—The $125,000 school >red Nov. 3—v. 170, p. tle-First Tex. 170, p. 1852—were awarded syndicate headed by Shields Co., of New York, on a bid re¬ flecting a net interest cost of about 2.88%, as follows: to a Indep. Sch. Dist., Tex. Central investment Co. Bond bonds awarded and Sale—The $310,000 school bonds offered Nov. 8— plus WASHINGTON Sale—The $2,350,000 gen¬ eral obligation bonds offered Nov. bonds. 1.76%. interest, King County, Issaquah Sch. Dist. No. 411 (P. O. Seattle), Wash. Bond 1969 inclusive. Co., Hayden, Stone & Co., Dick & Merle-Smith, Tucker, An¬ thony & Co., Adams, McEntee & Co., H. M. Byllesby & Co., Newburger, Loeb & Co., Shearson, Hammill & Co., Field, Richards & Co., Mackey, Dunn & Co., Pohl & Co., John Small & Co., Jones B. Shannon & Co., Raffensperger, Hughes & Co., National City Bank, Cleveland, Walter Stokes & Co., Goodbody & Co., R. H. Johnson & Co., First Securities Company of Chicago, Ryan, .Moss & Co., Russ & Co., and J. R. Ross & Co., jointly, for $1,600,000 as 3s; $3,200,000 as IV2S, and $3,200,000 as l%s, on a bid reflecting a net in¬ 0.79% Wisconsin & terest at premium of $20. : ,, Wichita Fulls, & is Common Stock stockholders Bank furnished to the purchaser without cost. A cer¬ November 7, 1949 Directors the Co., New York City. The approv¬ ing opinion of Chapman & Cutler, TUNG-SOL of as 1 Dated Dee< 1, 1949. The second highest bidder was Shields & Co., Lee Higginson Corp., A. G. Becker & Co., National State Bank, New¬ ark, C. F. Childs & Co., Hallgar- . at Board 1,200,000 — cipal and interest (M-N) payable The 1,600,000 from 1963 Oct. on County (P. O. Cookeville), Tenn. ceive Oct. 5, 1950. on Due Putnam p. 1851—were awarded to the Indus¬ trial Trust Co., as IV2S. Due on Dec. from 1955 to 1962 inclusive. from 1967 to 9—v. A cost. for $2,500, payable to Town Treasurer, is required. 7—v. -from 1950 to 1954 inclusive. 3,200,000 1967 inclusive. 3%s. inclusive. a . 1968. Note Sale—The $500,000 sewer¬ notes to as 115,000 Cranston, R. I. age without check rate Due on Nov. 1, 1969. Prin¬ Stranahan, Harris & Co., Inc., of of interest, expressed in a mul¬ cipal and interest (M-N) payable Toledo, Stern Bros & Co., of Kan¬ tiple of Ys of 1%. The approving at the Chemical Bank & Trust Co., sas City, Milwaukee Co., of Mil¬ opinion of Gibson & Gibson, of New York City. Bidders to name waukee, Westtown Twp. Sch. Dist., Pa. Tripp & Co., of New Austin, will be furnished to the Bond Offering—Grace B. Mit¬ the rate of interest, expressed in a York, First National Bank, of Dal¬ purchaser. A certified check for chell, Secretary of the Board of multiple of Y* of 1%. The approv¬ las, McDonald & Co., of Cleveland, $11,500, payable to the County School Directors, will receive ing opinion of Chapman & Cutler, Ryan, Sutherland & Co., of To¬ Judge, is required. sealed bids in care of C. T. Miller, of Chicago, will be furnished to ledo, Sills, Fairman & Harris, 320 North Church Street, West the purchaser without cost. A cer¬ Dempsey & Co., both of Chicago, Keller Indep. Sch. Dist., Texas tified check for $5,000, payable to Wood, Gundy & Co., of New York, Chester, until 8 p.m. (EST) on Bond Sale Details—The $100,the County Treasurer, is required. A. G. Edwards & Xfov. 17 for the purchase of $60,000 Sons, Dempsey, 000 3% school house improve¬ Tegeler & Co., both of St. Louis, touilding and improvement coupon Memphis Housing Authority, Tenn. ment bonds purchased by : the t)onds. Dated Dec. 1, 1949. Denom¬ Fitch & Co., of Kansas Note Sale—The $1,390,000 18th Barret. Unioq Bhnk & Trust Co., of Fort ination $1,000. Due $3,000 on Dec, Series notes offered Nov. 2 were City, Mavnard H. Murch & Co., of Worth, as previously noted in 1 from 1950 to 1969 inclusive. awarded to the Chemical Bank & Cleveland, Shelby, Cullom Davis v. 170, p. 1747, were sold at a & Co., of New York, McDougal & IBonds maturing on or after Dec. Trust Co., of New York, and Asso¬ price of par, and mature April 1, Co., McDougal & Condon, both of I, 1960, shall be callable in whole ciates, at 0.77% interest. Dated as follows: $1,000 in 1950; $2,000 or in part in the inverse numer¬ Chicago, Louis B. Henry Invest¬ Nov. 29, 1949. Due on May 26, from 1951 to 1958 inclusive; $3,ical order of maturity, at the op¬ ments, of Dallas, Prescott, Hawley, 1950. 000 from 1959 to 1968 inclusive; tion of the District at par and ac¬ Shepard & Co., of Cleveland, crued interest on Dec. 1, 1959, or Polk County (P. O. Benton), Tenn. Rand & Co., William R. Compton $4,000 from 1969 to 1975 inclu¬ sive, and $5,000 from 1976 to 1980 -on any interest paying date thereBond Sale—The $500,000 school Co., both of New York, and Sea- expressed in a multiple of Vs of 1%. The approving opin¬ of Wood, Dawson, of New York will be furnished to the of payable to the Dis¬ trict Treasurer, is required. interest, or Newport News Redevelopment and Housing Authority, Va. '• and of the bonds, rafter. Bidders to expressed in a 1/10 of 1%. Yb & City, 10, as fol¬ lows: $15,000 in 1950, $23,000 in 1951, $24,000 in 1952, $25,000 in 1953 and 1954, $26,000 in 1955 and 1956, $27,000 in 1957, $28,000 in $8,000,000 of purchased Dec. on interest, approving opinion King on 1949. of multiple Nov. 14 for the purchase of $575,000 road bonds. Dated Dec. of composed Huguenin. & Offering—Fletcher Rich¬ County Judge, will re¬ sealed (CST) 1643—were awarded to cate Dumas, $1,000. est County Road Dist. No. 3-A O. Kountze), Texas ardson, school improvement, Series A 1949 bonds offered Nov. 8 — v. 170, p. July 1, 1949. Denomina¬ Principal and inter¬ (J-J) payable at the option of the holder, at the First Na¬ tional Bank, or the Bank of tion (P. 1, 1950. — by Hardin & Trust Co., Due on Dec. B o 1967 inclusive. to were Central the to Dated election Boothman of Dallas. 10th Nov. 3 Dallas Indep. Sch. Dist., Oct. 1 from on County (P. O. Jackson), Tenn. Bond Offering — August Wilde, A certified check for 2% out cost. inclusive. 1960 to 2s. Due 1949. 1 $218,000 offered the Oct. 25, 1949. Legality ap¬ on proved of New York, 0.78% interest. Dated Nov. 29, at Oct. on Madison mul¬ tiple of % of 1%. The approving opinion of Townsend, Elliott & Munson, of Philadelphia, will be furnished to the purchaser with¬ interest, expressed Due held at 1959, $29,000 in 1960, Note Sale—The First $1,427,000 18th $30,000 in 1961, $31,000 in 1962 Series notes offered Nov. 3 were Chicago, Goldman, Sachs and 1963, $32,000 in 1964, $33,000 & Co., Kidder, awarded to the Chemical Bank & Peabody & Co., in 1965, $34,000 in 1966, $35,000 in Trust both of New York, Alex. Brown Co., of New York and Asso¬ 1967, $36,000 in 1968, and $37,000 County Judge, will sell at public & Sons, of Baltimore, Harris, in 1969. ciates, at 0.77%, plus a premium Optional on Dec. 10, 1959, auction at 2 p.m. (CST) on Nov. Hall & Co. 01 $9. (Inc.), Boatmen's Dated Nov. 29, 1949. Due or on any interest payment date 29 an issue of $200,000 not to ex¬ National Bank, of St. Louis, W. on May 26, 1950. The second thereafter. Principal and interest ceed 3% interest highway bonds. E. Hutton & Co., W. H. Mor¬ highest bidder was the Central payable at the State Treasurer's Dated Nov. 1, 1949. Denomination ton & Hanover Bank & Trust Co., New Co., Both of New York, crued interest on any Bank Sale—The notes awarded Dated Oct. 1, 1949. The second highest bidder was J. C. Bradford & Co., and Associates, at a price of par, a basis of about 2.06%. 1965, or l%s. 1955 as 1961 ma¬ Note, Series authorized were Texas * Monday, November 14, 1949 Dated Dec. 1, 1949. These bonds Rauscher, bid reflecting a was on a Corpus Christi Housing Authority, 1954 inclusive. as Co., CHRONICLE interest cost of about 2.62%. ( 4s. Due on Oct. 1 from as 1950 to follows: $3,000 from 1950 to inclusive, and $4,000 from as road $375,000 1648—were p. 105,000 Denomination $1,000. Due on Dec. 1961 170, $50,000 and improvement coupon bonds. Dated Dec. 1, 1949. I, Sale—The awarded to the Equitable Securities Corp., of Nashville, at a price of par, a basis of about 2.01%, as follows: Alov. 17 for the purchase of $108,000 Pierce & net bridge bonds offered Nov. 8 —v. Miller, Street, West Church 8 Bond FINANCIAL & highest bidder Giles County (P. O. Pulaski), Tenn. of C. T. care until Board will COMMERCIAL $21,000 as from 29,000 as from 2%s. 1950 3s. to to on 1969 Due 1960 Dated Nov. Due on 1969 1, 1949. Nov. 1 inclusive. Nov. 1 inclusive.